FREEDOM 100 EMERGING MARKETS ETF
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)

SharesValue
COMMON STOCKS - 99.7%


Brazil - 6.9%

B3 SA - Brasil Bolsa Balcao

7,492,215 

$21,073,352 
Banco Bradesco SA - ADR

5,321,870 

18,466,889 
BB Seguridade Participacoes SA

1,125,379 

8,519,422 
Cia de Saneamento Basico do Estado de Sao Paulo SABESP

4,107,544 

23,639,682 
Embraer SA

1,004,458 

15,945,477 
Equatorial SA

2,082,229 

15,730,766 
Raia Drogasil SA

2,032,433 

6,602,464 
Rede D'Or Sao Luiz SA (a)

1,631,528 

10,963,661 
Suzano SA

1,069,886 

8,250,617 
Vale SA

6,329,400 

95,548,523 
WEG SA

2,516,467 

22,867,223 




247,608,076 





Chile - 13.7%

Banco de Chile

476,683,410 

93,323,885 
Banco de Credito e Inversiones SA

787,042 

51,705,159 
Cencosud SA

13,091,472 

30,245,004 
Cia Cervecerias Unidas SA - ADR (b)

602,635 

6,749,512 
Cia Sud Americana de Vapores SA

144,028,986 

6,842,418 
Colbun SA

74,161,979 

10,698,392 
Empresas Copec SA

3,610,772 

22,523,143 
Falabella SA

12,507,902 

78,089,173 
Latam Airlines Group SA

4,672,287,444 

135,866,358 
Parque Arauco SA

6,023,295 

25,249,801 
Plaza SA

7,740,552 

31,903,703 




493,196,548 





Indonesia - 0.7%

Bank Central Asia Tbk PT

42,895,261 

13,314,804 
Barito Pacific Tbk PT (c)

26,445,181 

1,900,563 
Bumi Resources Minerals Tbk PT (c)

79,556,128 

2,109,038 
Charoen Pokphand Indonesia Tbk PT

6,746,058 

1,282,807 
Dian Swastatika Sentosa Tbk PT (c)

31,662,885 

1,407,830 
GoTo Gojek Tokopedia Tbk PT (c)

905,300,737 

2,531,602 
Kalbe Farma Tbk PT

16,353,784 

699,700 
Merdeka Copper Gold Tbk PT (c)

5,603,948 

758,476 
Petrosea Tbk PT (c)

1,937,822 

402,087 
Sumber Alfaria Trijaya Tbk PT

15,272,050 

1,170,174 
XLSMART Telecom Sejahtera Tbk PT

5,113,476 

677,793 




26,254,874 


1

FREEDOM 100 EMERGING MARKETS ETF
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
SharesValue
Malaysia - 4.5%

CELCOMDIGI BHD

5,725,237 

$3,748,960 
Gamuda Bhd

10,679,343 

11,445,427 
Hong Leong Bank Bhd

1,089,962 

5,720,463 
IHH Healthcare Bhd

4,916,236 

10,127,868 
Malayan Banking Bhd

22,691,089 

59,990,175 
Maxis Bhd

4,169,278 

3,456,078 
Press Metal Aluminium Holdings Bhd

7,113,734 

13,398,768 
Public Bank Bhd

24,542,039 

28,890,690 
RHB Bank Bhd

4,881,427 

9,912,499 
Sunway Bhd

5,750,930 

7,249,486 
Sunway Healthcare Holdings bhd (c)

575,072 

255,274 
YTL Corp. Bhd

6,409,816 

3,206,873 
YTL Power International Bhd

4,474,251 

4,586,725 




161,989,286 





Mexico - 1.7%

America Movil SAB de CV

8,159,808 

10,606,001 
Arca Continental SAB de CV

419,924 

5,021,559 
Grupo Aeroportuario del Pacifico SAB de CV - Class B

203,001 

5,129,729 
Grupo Aeroportuario del Sureste SAB de CV - ADR (b)

8,335 

2,556,344 
Grupo Bimbo SAB de CV - Class A

637,446 

2,081,382 
Grupo Carso SAB de CV - Class A1

252,701 

1,885,919 
Grupo Financiero Banorte SAB de CV

1,287,355 

13,633,632 
Grupo Financiero Inbursa SAB de CV

1,088,110 

2,593,419 
Grupo Mexico SAB de CV - Class B

1,347,207 

15,224,306 
Industrias Penoles SAB de CV

77,443 

3,380,213 




62,112,504 





Philippines - 1.4%

Ayala Corp.

349,182 

2,378,329 
Ayala Land, Inc.

7,627,917 

1,839,550 
Bank of the Philippine Islands

2,436,302 

3,811,064 
BDO Unibank, Inc.

2,709,700 

5,232,189 
International Container Terminal Services, Inc.

1,128,935 

16,372,041 
Jollibee Foods Corp.

525,264 

1,151,182 
Manila Electric Co.

351,351 

3,263,322 
Metropolitan Bank & Trust Co.

2,489,718 

2,636,983 
PLDT, Inc.

102,621 

1,889,551 
SM Investments Corp.

668,510 

6,426,933 
SM Prime Holdings, Inc.

12,546,743 

3,700,441 
Universal Robina Corp.

997,356 

1,007,594 




49,709,179 


2

FREEDOM 100 EMERGING MARKETS ETF
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
SharesValue
Poland - 9.1%

Alior Bank SA

711,062 

$24,572,827 
Asseco Poland SA

422,587 

18,777,026 
Bank Polska Kasa Opieki SA

1,575,056 

95,797,972 
Benefit Systems SA (c)

16,563 

21,451,150 
CD Projekt SA

417,022 

24,876,319 
Cyfrowy Polsat SA (c)

1,045,872 

4,205,118 
Dino Polska SA (a)(c)

3,590,058 

27,103,421 
Grupa Kety SA

67,161 

21,531,226 
KRUK SA

136,343 

15,302,253 
LPP SA

9,972 

48,457,696 
Modivo SA (c)

335,905 

8,048,933 
XTB SA (a)

542,984 

15,438,771 




325,562,712 





South Africa - 4.0%

Absa Group Ltd.

567,962 

7,902,924 
Bid Corp. Ltd.

240,303 

6,551,851 
Capitec Bank Holdings Ltd.

54,194 

15,716,028 
FirstRand Ltd.

3,693,786 

21,932,700 
Gold Fields Ltd. - ADR

558,762 

18,768,815 
Harmony Gold Mining Co. Ltd.

339,761 

5,185,607 
Impala Platinum Holdings Ltd.

565,735 

5,940,563 
MTN Group Ltd.

1,084,730 

15,089,535 
Nedbank Group Ltd.

307,171 

5,062,321 
Sanlam Ltd.

1,260,299 

6,788,534 
Shoprite Holdings Ltd.

323,109 

5,819,118 
Standard Bank Group Ltd.

888,687 

17,527,968 
Valterra Platinum Ltd.

176,851 

11,945,540 




144,231,504 





South Korea - 28.6% (d)

Celltrion, Inc.

81,578 

9,125,029 
Doosan Enerbility Co. Ltd. (c)

183,501 

10,280,699 
Hanwha Aerospace Co. Ltd.

12,355 

7,934,696 
Hyundai Motor Co.

55,986 

17,887,478 
Kia Corp.

96,436 

8,589,794 
LG Energy Solution Ltd. (c)

22,411 

5,236,418 
NAVER Corp.

75,224 

9,662,154 
Samsung Biologics Co. Ltd. (a)(c)

5,298 

4,756,676 
Samsung Electronics Co. Ltd.

2,183,356 

470,690,573 


3

FREEDOM 100 EMERGING MARKETS ETF
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
SharesValue
SK hynix, Inc.

258,515 

$442,176,951 
SK Square Co. Ltd.

41,145 

45,067,492 




1,031,407,960 





Taiwan - 26.8% (d)

ASE Technology Holding Co. Ltd.

2,553,933 

54,515,544 
Cathay Financial Holding Co. Ltd.

9,181,529 

28,331,559 
Chunghwa Telecom Co. Ltd.

4,845,883 

21,524,412 
CTBC Financial Holding Co. Ltd.

15,565,230 

34,690,921 
Delta Electronics, Inc.

1,814,939 

111,096,042 
Fubon Financial Holding Co. Ltd.

10,201,278 

41,469,261 
Hon Hai Precision Industry Co. Ltd.

11,430,271 

90,060,051 
MediaTek, Inc.

1,476,700 

196,775,901 
Quanta Computer, Inc.

2,586,687 

29,880,898 
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR

640,776 

306,015,394 
United Microelectronics Corp. - ADR

1,891,076 

51,456,178 




965,816,161 





Thailand - 2.3%

Advanced Info Service PCL

1,029,753 

11,376,089 
Bangkok Bank PCL

1,929,899 

10,427,804 
Bangkok Dusit Medical Services PCL

12,650,520 

7,349,529 
Central Pattana PCL

2,597,608 

5,238,926 
Central Retail Corp. PCL (a)

3,282,329 

2,321,902 
Charoen Pokphand Foods PCL

4,237,006 

2,499,821 
CP ALL PCL

6,326,874 

8,903,579 
Gulf Development PCL

6,800,172 

12,588,931 
Kasikornbank PCL

2,395,990 

15,722,997 
TMBThanachart Bank PCL

41,426,842 

3,067,685 
True Corp. PCL

10,649,022 

4,135,169 




83,632,432 
TOTAL COMMON STOCKS (Cost $2,122,577,893)

3,591,521,236 





WARRANTS - 0.0% (e)

Contracts  

Malaysia - 0.0% (e)

YTL Corp. Bhd, Expires 12/31/2099, Exercise Price $1.50 (c)

681,983 

90,318 
YTL Power International Bhd, Expires 12/31/2099, Exercise Price $2.45 (c)

438,423 

186,014 
TOTAL WARRANTS (Cost $0)

276,332 







4

FREEDOM 100 EMERGING MARKETS ETF
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
SharesValue
SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 0.4%

First American Government Obligations Fund - Class X, 3.57% (f)

15,349,919 

15,349,919 
TOTAL MONEY MARKET FUNDS (Cost $15,349,919)

15,349,919 





INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.2%
Units  

Mount Vernon Liquid Assets Portfolio, LLC, 3.75% (f)

6,157,241 

6,157,241 
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $6,157,241)

6,157,241 





TOTAL INVESTMENTS - 100.3% (Cost $2,144,085,053)

$3,613,304,728 
Liabilities in Excess of Other Assets - (0.3)%
(0.00308)
(11,088,676)
TOTAL NET ASSETS - 100.0%



$3,602,216,052 

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt
PCL - Public Company Limited

(a)

Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of June 30, 2026, the value of these securities total $60,584,431 or 1.7% of the Fund’s net assets.
(b)

All or a portion of this security is on loan as of June 30, 2026. The fair value of these securities was $5,997,891.
(c)

Non-income producing security.
(d)

To the extent that the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting such country or region.
(e)

Represents less than 0.05% of net assets.
(f)

The rate shown represents the 7-day annualized yield as of June 30, 2026.




5
FREEDOM 100 EMERGING MARKETS ETF

Summary of Fair Value Disclosures as of June 30, 2026 (Unaudited)

Freedom 100 Emerging Markets ETF (the “Fund”) has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of June 30, 2026:
DESCRIPTION
INVESTMENTS MEASURED AT NET ASSET VALUE
LEVEL 1

LEVEL 2

LEVEL 3

TOTAL
Investments:







Common Stocks
$— 3,591,521,236 

— 

— 

3,591,521,236 
Warrants
— — 

276,332 

— 

276,332 
Money Market Funds
— 15,349,919 

— 

— 

15,349,919 
Investments Purchased with Proceeds from Securities Lending (a)
6,157,241 — 

— 

— 

6,157,241 
Total Investments
$6,157,241 3,606,871,155 

276,332 

— 

3,613,304,728 
 
Refer to the Schedule of Investments for further disaggregation of investment categories.

(a)

Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount presented in the table is intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.

During the fiscal period ended June 30, 2026, the Fund did not invest in any Level 3 investments and recognized no transfers to/from Level 3. Transfers between levels are recognized at the end of the reporting period.



6