Portfolio Building Block European Banks Index ETF
Schedule of Investments
July 31, 2026 (Unaudited)
| COMMON STOCKS - 99.5% | Shares | Value | ||
| Banking - 99.4%(a) | ||||
| AIB Group PLC | 330,204 | $ | 3,896,039 | |
| AL Sydbank A/S | 16,681 | 1,602,177 | ||
| Banca Monte dei Paschi di Siena SpA | 463,299 | 6,166,304 | ||
| Banco Bilbao Vizcaya Argentaria SA | 1,129,944 | 31,461,364 | ||
| Banco BPM SpA(b) | 250,997 | 4,555,575 | ||
| Banco Comercial Portugues SA | 1,880,096 | 2,303,748 | ||
| Banco de Sabadell SA | 1,042,558 | 3,988,386 | ||
| Banco Santander SA | 2,900,113 | 41,101,757 | ||
| Bank of Ireland Group PLC | 199,385 | 4,149,887 | ||
| Bankinter SA | 133,633 | 2,449,259 | ||
| Banque Cantonale Vaudoise | 5,714 | 896,951 | ||
| Barclays PLC | 2,554,390 | 17,486,922 | ||
| BAWAG Group AG | 15,286 | 3,081,295 | ||
| Berner Kantonalbank AG | 784 | 373,564 | ||
| BNP Paribas SA | 201,484 | 25,421,084 | ||
| BPER Banca SpA | 346,911 | 5,615,875 | ||
| CaixaBank SA | 776,813 | 11,230,116 | ||
| Commerzbank AG | 200,169 | 8,675,564 | ||
| Credit Agricole SA | 252,948 | 5,609,587 | ||
| Danske Bank A/S | 133,598 | 7,674,418 | ||
| DNB Bank ASA | 168,974 | 5,433,992 | ||
| Erste Group Bank AG | 64,942 | 8,428,301 | ||
| FinecoBank Banca Fineco SpA | 128,515 | 3,502,871 | ||
| HSBC Holdings PLC | 3,391,562 | 71,931,713 | ||
| ING Groep NV | 581,777 | 20,375,415 | ||
| Intesa Sanpaolo SpA | 2,716,190 | 20,435,099 | ||
| Jyske Bank A/S | 8,567 | 1,358,219 | ||
| KBC Ancora SCA | 7,869 | 802,155 | ||
| KBC Group NV | 49,758 | 7,136,092 | ||
| Liechtensteinische Landesbank AG | 5,933 | 828,662 | ||
| Lion Finance Group PLC | 6,576 | 1,027,445 | ||
| Lloyds Banking Group PLC | 12,051,729 | 18,602,752 | ||
| Luzerner Kantonalbank AG | 3,945 | 543,196 | ||
| Mediobanca Banca di Credito Finanziario SpA | 87,974 | 2,826,019 | ||
| NatWest Group PLC | 1,205,584 | 11,451,004 | ||
| Nordea Bank Abp | 676,238 | 13,631,087 | ||
| Oberbank AG | 5,215 | 498,010 | ||
| Raiffeisen Bank International AG | 29,208 | 1,996,152 | ||
| Ringkjoebing Landbobank A/S | 4,887 | 1,310,371 | ||
| Skandinaviska Enskilda Banken AB | 299,798 | 7,017,284 | ||
| Societe Generale SA | 147,028 | 13,754,642 | ||
| SpareBank 1 SMN | 23,580 | 488,099 | ||
| SpareBank 1 Sor-Norge ASA | 48,989 | $1,095,049 | ||
| Sparebanken Norge | 24,730 | 512,581 | ||
| St. Galler Kantonalbank AG | 730 | 586,490 | ||
| Standard Chartered PLC | 360,549 | 10,616,370 | ||
| Svenska Handelsbanken AB - Class A | 282,190 | 4,308,278 | ||
| Swedbank AB - Class A | 207,064 | 8,269,537 | ||
| TBC Bank Group PLC | 11,091 | 718,225 | ||
| Unicaja Banco SA | 207,503 | 794,057 | ||
| UniCredit SpA | 267,504 | 25,117,645 | ||
| Valiant Holding AG | 3,263 | 637,234 | ||
| 453,773,918 | ||||
| Financial Services - 0.1% | ||||
| OSB Group PLC | 68,498 | 512,989 | ||
| TOTAL COMMON STOCKS (Cost $398,003,676) | 454,286,907 | |||
| SHORT-TERM INVESTMENTS - 0.3% | ||||
| Money Market Funds - 0.3% | Shares | Value | ||
| Dreyfus Treasury Securities Cash Management, 3.56%(c) | 1,270,056 | 1,270,056 | ||
| TOTAL SHORT-TERM INVESTMENTS (Cost $1,270,056) | 1,270,056 | |||
| TOTAL INVESTMENTS - 99.8% (Cost $399,273,732) | $ | 455,556,963 | ||
| Other Assets in Excess of Liabilities - 0.2% | 1,063,466 | |||
| TOTAL NET ASSETS - 100.0% | $ | 456,620,429 |
Percentages are stated as a percent of net assets.
| PLC | Public Limited Company |
| (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 July 31, 2026. |