U.S. Defense ETF
Schedule of Investments
June 30, 2026 (Unaudited)
COMMON STOCKS - 99.7%   Shares    Value 
Industrial Products - 48.3%(a)          
AeroVironment, Inc.(b)   129   $21,294 
AIRO Group Holdings, Inc.(b)   88    650 
Archer Aviation, Inc.(b)   2,371    11,215 
Ducommun, Inc.(b)   57    10,557 
Firefly Aerospace, Inc.(b)   329    9,673 
General Dynamics Corp.   439    155,511 
Huntington Ingalls Industries, Inc.   180    50,380 
Karman Holdings, Inc.(b)   411    20,517 
Kratos Defense & Security Solutions, Inc.(b)   850    42,381 
L3Harris Technologies, Inc.   484    140,646 
Leonardo DRS, Inc.   257    10,966 
Loar Holdings, Inc.(b)   107    8,625 
Lockheed Martin Corp.   296    150,800 
Mercury Systems, Inc.(b)   224    27,402 
Moog, Inc. - Class A   123    52,132 
National Presto Industries Inc   20    2,500 
Northrop Grumman Corp.   267    135,986 
Red Cat Holdings, Inc.(b)   448    4,771 
Redwire Corp.(b)   578    7,069 
Rocket Lab Corp.(b)   1,082    109,985 
Voyager Technologies, Inc. - Class A(b)   235    7,579 
York Space Systems Inc(b)   553    13,615 
         994,254 
           
Industrial Services - 0.1%          
EHang Holdings Ltd. - Class A, ADR(b)   232    1,520 
           
Materials - 0.1%          
Park Aerospace Corp.   68    2,595 
           
Software & Tech Services - 46.8%(a)          
Akamai Technologies, Inc.(b)   547    64,661 
BIGBEAR.AI HOLDINGS, INC.(b)   1,578    5,791 
C3.Ai, Inc. - Class A(b)   521    4,736 
CACI International, Inc. - Class A(b)   101    46,789 
Check Point Software Technologies Ltd.(b)   452    59,406 
CrowdStrike Holdings, Inc. - Class A(b)   125    95,392 
Fortinet, Inc.(b)   658    101,082 
Gorilla Technology Group, Inc.(b)   80    1,590 
Leidos Holdings, Inc.   547    56,325 
N-able, Inc.(b)   252    925 
Netskope, Inc. - Class A(b)   738    8,074 
Okta, Inc. - Class A(b)   696    94,969 
Palantir Technologies, Inc. - Class A(b)   1,053    122,854 
Palo Alto Networks, Inc.(b)   314    107,080 

 

 

 

 

Parsons Corp.(b)   216   $11,316 
Qualys, Inc.(b)   142    19,524 
Radware Ltd.(b)   156    4,814 
Rapid7, Inc.(b)   238    1,928 
Rubrik, Inc. - Class A(b)   539    43,271 
Science Applications International Corp.   178    19,653 
SentinelOne, Inc. - Class A(b)   1,248    21,179 
Telos Corp.(b)   192    883 
Tenable Holdings, Inc.(b)   416    15,342 
Zscaler, Inc.(b)   395    55,754 
         963,338 
           
Tech Hardware & Semiconductors - 4.3%          
Teledyne Technologies, Inc.(b)   134    89,365 
           
Telecommunications - 0.1%          
BlackSky Technology Inc(b)   115    3,211 
           
TOTAL COMMON STOCKS (Cost $2,051,150)        2,054,283 
           
SHORT-TERM INVESTMENTS - 0.3%          
Money Market Funds - 0.3%   Shares    Value 
First American Government Obligations Fund - Class X, 3.57%(c)   6,002    6,002 
           
TOTAL SHORT-TERM INVESTMENTS (Cost $6,002)        6,002 
           
TOTAL INVESTMENTS - 100.0% (Cost $2,057,152)       $2,060,285 
Liabilities in Excess of Other Assets - 0.0%(d)        (736)
TOTAL NET ASSETS - 100.0%       $2,059,549 
           
Percentages are stated as a percent of net assets.          

 

 

ADR American Depositary Receipt  
             
             

 

(a) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.
(b) Non-income producing security.
(c) The rate shown represents the 7-day annualized effective yield as of June 30, 2026.
(d) Does not round to 0.1% or (0.1)%, as applicable.