ETC 6 Meridian
Hedged Equity-Index Option Strategy ETF
Schedule of Investments
August 31, 2026 (Unaudited)
| Description | Shares | Fair Value | ||||||
| COMMON STOCK†† — 94.6% | ||||||||
| Communication Services — 13.1% | ||||||||
| Alphabet, Cl A | 20,697 | $ | 7,023,527 | |||||
| AT&T(A) | 951,130 | 24,624,756 | ||||||
| Comcast, Cl A | 615,290 | 16,379,020 | ||||||
| Meta Platforms, Cl A(A) | 13,238 | 7,576,637 | ||||||
| Verizon Communications(A) | 472,414 | 23,630,148 | ||||||
| 79,234,088 | ||||||||
| Consumer Discretionary — 3.5% | ||||||||
| Amazon.com(A)* | 27,134 | 7,048,599 | ||||||
| General Motors | 165,899 | 14,320,402 | ||||||
| 21,369,001 | ||||||||
| Consumer Staples — 25.5% | ||||||||
| Altria Group(A) | 431,503 | 29,549,326 | ||||||
| Coca-Cola(A) | 84,147 | 7,461,314 | ||||||
| Colgate-Palmolive(A) | 161,466 | 14,502,876 | ||||||
| Costco Wholesale(A) | 15,484 | 14,615,193 | ||||||
| Mondelez International, Cl A(A) | 236,591 | 14,685,203 | ||||||
| PepsiCo(A) | 158,452 | 22,237,154 | ||||||
| Philip Morris International(A) | 115,888 | 21,705,822 | ||||||
| Procter & Gamble | 102,026 | 14,806,013 | ||||||
| Walmart(A) | 132,571 | 13,902,721 | ||||||
| 153,465,622 | ||||||||
| Energy — 4.0% | ||||||||
| ConocoPhillips(A) | 122,358 | 16,211,212 | ||||||
| ExxonMobil Holdings | 47,418 | 7,631,927 | ||||||
| 23,843,139 | ||||||||
| Financials — 9.8% | ||||||||
| American Express | 21,919 | 7,236,996 | ||||||
| Capital One Financial | 35,260 | 7,563,623 | ||||||
| Charles Schwab | 70,033 | 7,691,024 | ||||||
| Citigroup | 55,648 | 7,324,390 | ||||||
| Morgan Stanley | 35,027 | 7,471,959 | ||||||
| US Bancorp(A) | 233,967 | 14,407,688 | ||||||
| Wells Fargo | 85,257 | 7,365,352 | ||||||
| 59,061,032 | ||||||||
| Health Care — 14.3% | ||||||||
| Bristol-Myers Squibb(A) | 225,723 | 15,080,554 | ||||||
| Eli Lilly | 12,828 | 14,838,533 | ||||||
| Gilead Sciences | 56,607 | 8,283,868 | ||||||
| Johnson & Johnson(A) | 57,504 | 15,287,438 | ||||||
| Medtronic PLC | 86,315 | 7,824,455 | ||||||
| Merck | 56,611 | 8,364,841 | ||||||
| Pfizer(A) | 589,455 | 16,775,889 | ||||||
| 86,455,578 | ||||||||
| Industrials — 3.5% | ||||||||
| Caterpillar | 9,042 | 7,210,724 | ||||||
| GE Vernova | 7,438 | 6,683,266 | ||||||
| Lockheed Martin | 12,647 | 7,097,876 | ||||||
| 20,991,866 | ||||||||
| Information Technology — 17.3% | ||||||||
| Advanced Micro Devices* | 15,477 | 7,285,334 | ||||||
| Apple(A) | 23,855 | 7,558,457 | ||||||
| Applied Materials | 14,514 | 6,653,073 | ||||||
| Description | Shares | Fair Value | ||||||
| Information Technology — continued | ||||||||
| Cisco Systems | 63,543 | $ | 7,020,866 | |||||
| Lam Research | 50,308 | 15,167,359 | ||||||
| Micron Technology | 17,906 | 17,167,019 | ||||||
| NVIDIA(A) | 36,713 | 8,105,496 | ||||||
| Palantir Technologies, Cl A(A)* | 59,896 | 11,163,416 | ||||||
| Qualcomm(A) | 99,869 | 17,025,667 | ||||||
| Texas Instruments | 26,730 | 6,974,124 | ||||||
| 104,120,811 | ||||||||
| Real Estate — 3.6% | ||||||||
| American Tower, Cl A‡ | 85,036 | 14,940,825 | ||||||
| Simon Property Group‡(A) | 32,135 | 6,822,903 | ||||||
| 21,763,728 | ||||||||
| Total Common Stock (Cost $526,559,377) | 570,304,865 | |||||||
| EXCHANGE-TRADED FUND — 5.0% | ||||||||
| Domestic Equity — 5.0% | ||||||||
| SPDR S&P 500 ETF Trust | 38,953 | 29,878,899 | ||||||
| Total Exchange-Traded Fund (Cost $26,935,560) | 29,878,899 | |||||||
| SHORT-TERM INVESTMENT — 1.4% | ||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 3.68%(B) | 8,679,877 | 8,679,877 | ||||||
| Total Short-Term Investment
(Cost $8,679,877) | 8,679,877 | |||||||
| Total Investments - 101.0% (Cost $562,174,814) | $ | 608,863,641 | ||||||
| WRITTEN OPTION — -1.5% | ||||||||
| Total Written Option (Premiums Received $9,360,052) | $ | (9,200,180 | ) | |||||
ETC 6 Meridian
Hedged Equity-Index Option Strategy ETF
Schedule of Investments
August 31, 2026 (Unaudited) (Concluded)
A list of the Exchange Traded Option Contracts held by the Fund at August 31, 2026, is as follows:
| Description | Number of Contracts | Notional Amount | Exercise Price | Expiration Date | Value | |||||||||||
| WRITTEN OPTION — -1.5% | ||||||||||||||||
| Call Options | ||||||||||||||||
| S&P 500 Index* | (781 | ) | $ | 605,275,000 | $ | 7,750 | 10/16/26 | $ | (9,200,180 | ) | ||||||
| TOTAL WRITTEN OPTION | ||||||||||||||||
| (Premiums Received $9,360,052) | $ | (9,200,180 | ) | |||||||||||||
Percentages are based on Net Assets of $603,054,087.
| * | Non-income producing security. |
| †† | Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting. |
| ‡ | Real Estate Investment Trust. |
| (A) | All or a portion of these securities has been pledged as collateral on written options with a fair value of $113,585,792. |
| (B) | The rate shown is the 7-day effective yield as of August 31, 2026. |
| Cl — Class |
| ETF — Exchange-Traded Fund |
| PLC — Public Limited Company |
| S&P — Standard & Poor's |
| SPDR — Standard & Poor's Depositary Receipts |
MER-QH-001-1300
ETC 6 Meridian
Low Beta Equity Strategy ETF
Schedule of Investments
August 31, 2026 (Unaudited)
| Description | Shares | Fair Value | ||||||
| COMMON STOCK — 99.7% | ||||||||
| Communication Services — 2.5% | ||||||||
| AT&T | 28,859 | $ | 747,159 | |||||
| John Wiley & Sons, Cl A | 24,069 | 1,260,975 | ||||||
| Madison Square Garden Sports* | 2,621 | 1,008,377 | ||||||
| New York Times, Cl A | 10,199 | 686,087 | ||||||
| Telephone and Data Systems | 18,509 | 623,383 | ||||||
| Verizon Communications | 16,334 | 817,027 | ||||||
| 5,143,008 | ||||||||
| Consumer Discretionary — 5.5% | ||||||||
| AutoZone* | 223 | 667,046 | ||||||
| Chewy, Cl A* | 32,066 | 763,171 | ||||||
| Churchill Downs | 9,285 | 812,252 | ||||||
| Grand Canyon Education* | 5,070 | 751,019 | ||||||
| McDonald's | 2,551 | 672,291 | ||||||
| Murphy USA | 1,996 | 1,028,718 | ||||||
| Ollie's Bargain Outlet Holdings* | 7,653 | 577,189 | ||||||
| O'Reilly Automotive* | 8,860 | 786,768 | ||||||
| Perdoceo Education | 24,332 | 808,796 | ||||||
| Planet Fitness, Cl A* | 10,455 | 539,478 | ||||||
| Service Corp International | 10,227 | 834,932 | ||||||
| Strategic Education | 9,933 | 822,850 | ||||||
| TJX | 5,194 | 695,529 | ||||||
| Winmark | 1,843 | 613,203 | ||||||
| Yum! Brands | 5,268 | 807,637 | ||||||
| 11,180,879 | ||||||||
| Consumer Staples — 16.7% | ||||||||
| Albertsons, Cl A | 48,324 | 596,801 | ||||||
| Altria Group | 12,479 | 854,562 | ||||||
| Archer-Daniels-Midland | 12,567 | 1,021,571 | ||||||
| BJ's Wholesale Club Holdings* | 8,489 | 769,528 | ||||||
| Boston Beer, Cl A* | 3,614 | 642,605 | ||||||
| Cal-Maine Foods | 9,355 | 738,297 | ||||||
| Casey's General Stores | 1,246 | 937,254 | ||||||
| Chefs' Warehouse* | 13,224 | 1,487,303 | ||||||
| Church & Dwight | 8,369 | 835,059 | ||||||
| Coca-Cola | 10,850 | 962,070 | ||||||
| Coca-Cola Consolidated | 4,102 | 802,228 | ||||||
| Colgate-Palmolive | 9,018 | 809,997 | ||||||
| Conagra Brands | 44,925 | 719,698 | ||||||
| Constellation Brands, Cl A | 5,673 | 741,007 | ||||||
| Del Monte | 19,669 | 623,114 | ||||||
| Dollar General | 5,701 | 722,602 | ||||||
| General Mills | 19,188 | 790,546 | ||||||
| Hershey | 3,685 | 649,334 | ||||||
| Hormel Foods | 34,558 | 755,092 | ||||||
| Ingredion | 7,407 | 766,328 | ||||||
| John B Sanfilippo & Son | 10,760 | 792,904 | ||||||
| Keurig Dr Pepper | 29,802 | 949,492 | ||||||
| Kraft Heinz | 34,503 | 885,692 | ||||||
| Kroger | 11,678 | 671,952 | ||||||
| Maplebear* | 22,730 | 1,148,320 | ||||||
| Marzetti | 5,070 | 571,136 | ||||||
| Molson Coors Beverage, Cl B | 17,750 | 705,740 | ||||||
| Description | Shares | Fair Value | ||||||
| Consumer Staples — continued | ||||||||
| Mondelez International, Cl A | 14,366 | $ | 891,698 | |||||
| Monster Beverage* | 21,792 | 1,000,689 | ||||||
| National Beverage | 23,403 | 740,237 | ||||||
| PepsiCo | 5,201 | 729,908 | ||||||
| Philip Morris International | 4,922 | 921,891 | ||||||
| Pilgrim's Pride* | 20,514 | 643,729 | ||||||
| Post Holdings* | 7,916 | 659,878 | ||||||
| PriceSmart | 5,698 | 968,717 | ||||||
| Procter & Gamble | 5,428 | 787,711 | ||||||
| Reynolds Consumer Products | 36,379 | 842,174 | ||||||
| Sysco | 9,745 | 790,125 | ||||||
| Tootsie Roll Industries | 20,199 | 825,331 | ||||||
| Universal | 15,879 | 722,494 | ||||||
| US Foods Holding* | 9,073 | 951,213 | ||||||
| WD-40 | 3,544 | 758,947 | ||||||
| 34,184,974 | ||||||||
| Energy — 2.7% | ||||||||
| Antero Midstream | 36,570 | 819,899 | ||||||
| CNX Resources* | 19,620 | 713,776 | ||||||
| DT Midstream | 5,894 | 772,232 | ||||||
| International Seaways | 11,519 | 1,136,234 | ||||||
| Magnolia Oil & Gas, Cl A | 37,007 | 993,638 | ||||||
| Par Pacific Holdings* | 13,443 | 1,074,365 | ||||||
| 5,510,144 | ||||||||
| Financials — 16.1% | ||||||||
| American Financial Group | 6,350 | 905,192 | ||||||
| AMERISAFE | 24,093 | 627,382 | ||||||
| Assured Guaranty | 9,639 | 720,033 | ||||||
| Cboe Global Markets | 2,807 | 842,661 | ||||||
| Chubb | 2,514 | 851,240 | ||||||
| City Holding | 7,010 | 1,002,079 | ||||||
| CME Group, Cl A | 2,635 | 752,293 | ||||||
| Ellington Financial‡ | 68,526 | 916,878 | ||||||
| Employers Holdings | 20,484 | 1,005,560 | ||||||
| Enact Holdings | 20,190 | 973,158 | ||||||
| Essent Group | 14,048 | 949,083 | ||||||
| EZCORP, Cl A* | 33,241 | 1,074,349 | ||||||
| Fidelity National Financial | 16,650 | 773,392 | ||||||
| First American Financial | 12,108 | 895,023 | ||||||
| FirstCash Holdings | 4,466 | 957,823 | ||||||
| Hanover Insurance Group | 4,683 | 1,058,873 | ||||||
| HCI Group | 4,867 | 903,948 | ||||||
| Horace Mann Educators | 19,223 | 978,258 | ||||||
| Kinsale Capital Group | 2,205 | 824,450 | ||||||
| Marsh & McLennan | 4,515 | 856,947 | ||||||
| Mercury General | 9,162 | 934,158 | ||||||
| MGIC Investment | 31,217 | 956,801 | ||||||
| NMI Holdings, Cl A* | 21,599 | 957,916 | ||||||
| Old Republic International | 19,871 | 829,217 | ||||||
| Palomar Holdings | 6,573 | 871,383 | ||||||
| Radian Group | 24,429 | 876,024 | ||||||
| RenaissanceRe Holdings | 2,804 | 918,703 | ||||||
| RLI | 13,629 | 865,033 | ||||||
| Selective Insurance Group | 10,336 | 943,573 | ||||||
| SiriusPoint* | 39,622 | 958,456 | ||||||
| Starwood Property Trust‡ | 46,340 | 727,538 | ||||||
ETC 6 Meridian
Low Beta Equity Strategy ETF
Schedule of Investments
August 31, 2026 (Unaudited) (Continued)
| Description | Shares | Fair Value | ||||||
| Financials — continued | ||||||||
| Stewart Information Services | 12,097 | $ | 830,459 | |||||
| United Fire Group | 22,133 | 1,192,305 | ||||||
| Virtu Financial, Cl A | 20,445 | 1,342,010 | ||||||
| Willis Towers Watson | 2,780 | 941,169 | ||||||
| WR Berkley | 12,016 | 811,801 | ||||||
| 32,825,168 | ||||||||
| Health Care — 15.5% | ||||||||
| Abbott Laboratories | 7,527 | 830,680 | ||||||
| Addus HomeCare* | 7,987 | 915,869 | ||||||
| ANI Pharmaceuticals* | 11,056 | 809,852 | ||||||
| Artivion* | 22,082 | 595,993 | ||||||
| Bristol-Myers Squibb | 13,760 | 919,306 | ||||||
| Cardinal Health | 3,866 | 907,041 | ||||||
| Cigna Group | 2,970 | 819,958 | ||||||
| Collegium Pharmaceutical* | 22,422 | 551,805 | ||||||
| CVS Health | 10,622 | 997,512 | ||||||
| DaVita* | 5,576 | 981,432 | ||||||
| Elevance Health | 2,918 | 1,145,432 | ||||||
| Encompass Health | 7,764 | 933,310 | ||||||
| Ensign Group | 4,030 | 694,208 | ||||||
| Exelixis* | 20,252 | 1,106,569 | ||||||
| Haemonetics* | 13,016 | 1,341,559 | ||||||
| Halozyme Therapeutics* | 12,411 | 1,321,648 | ||||||
| Harmony Biosciences Holdings* | 29,323 | 1,154,740 | ||||||
| HCA Healthcare | 1,561 | 646,956 | ||||||
| Indivior Pharmaceuticals* | 26,083 | 911,079 | ||||||
| Innoviva* | 37,689 | 782,801 | ||||||
| Johnson & Johnson | 3,484 | 926,221 | ||||||
| McKesson | 896 | 793,247 | ||||||
| National HealthCare | 4,973 | 1,076,804 | ||||||
| Option Care Health* | 27,446 | 643,609 | ||||||
| Pacira BioSciences* | 36,570 | 947,163 | ||||||
| Prestige Consumer Healthcare* | 12,304 | 637,101 | ||||||
| Privia Health Group* | 35,068 | 718,543 | ||||||
| Progyny* | 47,448 | 1,214,194 | ||||||
| Protagonist Therapeutics* | 9,144 | 1,351,026 | ||||||
| Quest Diagnostics | 4,094 | 983,788 | ||||||
| Supernus Pharmaceuticals* | 15,402 | 680,922 | ||||||
| TG Therapeutics* | 28,796 | 1,563,623 | ||||||
| United Therapeutics* | 1,722 | 878,874 | ||||||
| Zimmer Biomet Holdings | 8,944 | 894,758 | ||||||
| 31,677,623 | ||||||||
| Industrials — 7.5% | ||||||||
| Booz Allen Hamilton Holding, Cl A | 10,473 | 792,282 | ||||||
| CACI International, Cl A* | 1,362 | 848,540 | ||||||
| Casella Waste Systems, Cl A* | 8,574 | 790,951 | ||||||
| CoreCivic* | 45,459 | 1,510,148 | ||||||
| FTI Consulting* | 5,049 | 760,228 | ||||||
| GATX | 4,597 | 804,153 | ||||||
| Genpact | 20,057 | 761,765 | ||||||
| Lockheed Martin | 1,275 | 715,568 | ||||||
| MAXIMUS | 10,609 | 612,882 | ||||||
| Northrop Grumman | 1,127 | 608,242 | ||||||
| Otis Worldwide | 9,220 | 655,819 | ||||||
| Description | Shares | Fair Value | ||||||
| Industrials — continued | ||||||||
| RB Global | 7,857 | $ | 664,545 | |||||
| Republic Services, Cl A | 3,606 | 796,638 | ||||||
| Rollins | 14,369 | 518,290 | ||||||
| Science Applications International | 8,948 | 1,147,313 | ||||||
| Tetra Tech | 23,793 | 859,879 | ||||||
| UL Solutions, Cl A | 10,252 | 763,979 | ||||||
| UniFirst | 3,180 | 879,588 | ||||||
| Waste Management | 3,395 | 743,233 | ||||||
| 15,234,043 | ||||||||
| Information Technology — 1.6% | ||||||||
| Box, Cl A* | 32,030 | 1,146,033 | ||||||
| Dropbox, Cl A* | 31,689 | 1,115,136 | ||||||
| VeriSign | 3,503 | 1,009,845 | ||||||
| 3,271,014 | ||||||||
| Materials — 2.9% | ||||||||
| AptarGroup | 6,205 | 816,702 | ||||||
| Balchem | 4,758 | 836,885 | ||||||
| CF Industries Holdings | 7,544 | 980,946 | ||||||
| Crown Holdings | 7,728 | 899,462 | ||||||
| NewMarket | 1,292 | 1,159,828 | ||||||
| Sensient Technologies | 8,958 | 1,208,793 | ||||||
| 5,902,616 | ||||||||
| Real Estate — 11.9% | ||||||||
| American Homes 4 Rent, Cl A‡ | 27,876 | 928,271 | ||||||
| American Tower, Cl A‡ | 4,452 | 782,216 | ||||||
| Brixmor Property Group‡ | 27,673 | 799,473 | ||||||
| Centerspace‡ | 13,413 | 704,048 | ||||||
| COPT Defense Properties‡ | 25,826 | 929,736 | ||||||
| Crown Castle‡ | 9,278 | 706,427 | ||||||
| CubeSmart‡ | 20,637 | 819,702 | ||||||
| Curbline Properties‡ | 29,823 | 889,620 | ||||||
| EastGroup Properties‡ | 4,350 | 867,825 | ||||||
| EPR Properties‡ | 14,522 | 852,587 | ||||||
| Equity LifeStyle Properties‡ | 12,332 | 782,465 | ||||||
| Essential Properties Realty Trust‡ | 24,408 | 732,240 | ||||||
| Four Corners Property Trust‡ | 32,786 | 815,716 | ||||||
| Gaming and Leisure Properties‡ | 16,937 | 712,540 | ||||||
| Getty Realty‡ | 25,255 | 818,767 | ||||||
| Global Net Lease‡ | 89,703 | 823,474 | ||||||
| Independence Realty Trust‡ | 50,210 | 812,398 | ||||||
| LTC Properties‡ | 21,907 | 883,290 | ||||||
| National Health Investors‡ | 12,415 | 882,831 | ||||||
| NNN REIT‡ | 18,578 | 839,726 | ||||||
| Omega Healthcare Investors‡ | 17,761 | 812,033 | ||||||
| Phillips Edison‡ | 21,426 | 828,115 | ||||||
| Rayonier‡ | 38,141 | 781,890 | ||||||
| Realty Income‡ | 12,899 | 790,451 | ||||||
| Sabra Health Care REIT‡ | 41,757 | 851,425 | ||||||
| Saul Centers‡ | 24,251 | 790,825 | ||||||
| SBA Communications, Cl A‡ | 4,269 | 809,658 | ||||||
| Universal Health Realty Income Trust‡ | 19,446 | 796,897 | ||||||
| VICI Properties, Cl A‡ | 28,156 | 722,201 | ||||||
ETC 6 Meridian
Low Beta Equity Strategy ETF
Schedule of Investments
August 31, 2026 (Unaudited) (Concluded)
| Description | Shares | Fair Value | ||||||
| Real Estate — continued | ||||||||
| WP Carey‡ | 11,515 | $ | 805,589 | |||||
| 24,372,436 | ||||||||
| Utilities — 16.8% | ||||||||
| Alliant Energy | 11,715 | 796,386 | ||||||
| Ameren | 7,502 | 795,287 | ||||||
| American Electric Power | 6,328 | 774,737 | ||||||
| American States Water | 11,076 | 988,976 | ||||||
| American Water Works | 6,209 | 858,270 | ||||||
| Atmos Energy | 4,505 | 748,416 | ||||||
| Avista | 20,930 | 777,759 | ||||||
| Black Hills | 11,251 | 806,472 | ||||||
| California Water Service Group | 18,259 | 912,402 | ||||||
| CenterPoint Energy | 19,261 | 762,735 | ||||||
| Chesapeake Utilities | 6,314 | 843,171 | ||||||
| Clearway Energy, Cl C | 22,964 | 729,107 | ||||||
| CMS Energy | 10,827 | 736,886 | ||||||
| Consolidated Edison | 7,548 | 807,787 | ||||||
| DTE Energy | 5,623 | 762,647 | ||||||
| Duke Energy | 6,348 | 761,189 | ||||||
| Evergy | 10,080 | 816,682 | ||||||
| Eversource Energy | 11,313 | 793,494 | ||||||
| Exelon | 17,142 | 749,448 | ||||||
| FirstEnergy | 16,612 | 761,826 | ||||||
| H2O America | 14,793 | 937,433 | ||||||
| IDACORP | 5,882 | 800,893 | ||||||
| MDU Resources Group | 39,321 | 783,274 | ||||||
| MGE Energy | 10,482 | 814,347 | ||||||
| Middlesex Water | 15,549 | 901,842 | ||||||
| National Fuel Gas | 9,007 | 748,121 | ||||||
| New Jersey Resources | 15,346 | 818,556 | ||||||
| NextEra Energy | 9,172 | 755,223 | ||||||
| NiSource | 17,772 | 727,230 | ||||||
| Northwest Natural Holding | 16,055 | 787,819 | ||||||
| OGE Energy | 17,324 | 790,494 | ||||||
| ONE Gas | 9,634 | 763,687 | ||||||
| Otter Tail | 9,364 | 847,161 | ||||||
| Pinnacle West Capital | 8,210 | 801,624 | ||||||
| Portland General Electric | 15,640 | 764,170 | ||||||
| PPL | 22,020 | 751,543 | ||||||
| Southern | 8,598 | 756,624 | ||||||
| Southwest Gas Holdings | 9,531 | 841,873 | ||||||
| Spire | 9,183 | 751,537 | ||||||
| UGI | 22,748 | 874,661 | ||||||
| Unitil | 15,772 | 844,433 | ||||||
| WEC Energy Group | 7,197 | 764,105 | ||||||
| Xcel Energy | 10,147 | 768,026 | ||||||
| 34,378,353 | ||||||||
| Total Common Stock (Cost $184,974,065) | 203,680,258 | |||||||
| Description | Shares | Fair Value | ||||||
| SHORT-TERM INVESTMENT — 0.3% | ||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 3.68%(A) | 651,665 | $ | 651,665 | |||||
| Total Short-Term Investment (Cost $651,665) | 651,665 | |||||||
| Total Investments - 100.0% (Cost $185,625,730) | $ | 204,331,923 | ||||||
Percentages are based on Net Assets of $204,247,060.
| * | Non-income producing security. |
| ‡ | Real Estate Investment Trust. |
| (A) | The rate shown is the 7-day effective yield as of August 31, 2026. |
| Cl — Class |
| REIT — Real Estate Investment Trust |
MER-QH-001-1300
ETC 6 Meridian
Mega Cap Equity ETF
Schedule of Investments
August 31, 2026 (Unaudited)
| Description | Shares | Fair Value | ||||||
| COMMON STOCK†† — 99.4% | ||||||||
| Communication Services — 13.8% | ||||||||
| Alphabet, Cl A | 19,672 | $ | 6,675,693 | |||||
| AT&T | 904,015 | 23,404,949 | ||||||
| Comcast, Cl A | 584,826 | 15,568,068 | ||||||
| Meta Platforms, Cl A | 12,583 | 7,201,754 | ||||||
| Verizon Communications | 449,015 | 22,459,730 | ||||||
| 75,310,194 | ||||||||
| Consumer Discretionary — 3.7% | ||||||||
| Amazon.com* | 25,795 | 6,700,767 | ||||||
| General Motors | 157,690 | 13,611,801 | ||||||
| 20,312,568 | ||||||||
| Consumer Staples — 26.7% | ||||||||
| Altria Group | 410,129 | 28,085,634 | ||||||
| Coca-Cola | 79,985 | 7,092,270 | ||||||
| Colgate-Palmolive | 153,477 | 13,785,304 | ||||||
| Costco Wholesale | 14,720 | 13,894,061 | ||||||
| Mondelez International, Cl A | 224,881 | 13,958,364 | ||||||
| PepsiCo | 150,603 | 21,135,625 | ||||||
| Philip Morris International | 110,146 | 20,630,346 | ||||||
| Procter & Gamble | 96,977 | 14,073,302 | ||||||
| Walmart | 126,010 | 13,214,668 | ||||||
| 145,869,574 | ||||||||
| Energy — 4.2% | ||||||||
| ConocoPhillips | 116,303 | 15,408,984 | ||||||
| ExxonMobil Holdings | 45,069 | 7,253,856 | ||||||
| 22,662,840 | ||||||||
| Financials — 10.3% | ||||||||
| American Express | 20,834 | 6,878,762 | ||||||
| Capital One Financial | 33,517 | 7,189,731 | ||||||
| Charles Schwab | 66,569 | 7,310,608 | ||||||
| Citigroup | 52,894 | 6,961,908 | ||||||
| Morgan Stanley | 33,294 | 7,102,276 | ||||||
| US Bancorp | 222,381 | 13,694,222 | ||||||
| Wells Fargo | 81,037 | 7,000,787 | ||||||
| 56,138,294 | ||||||||
| Health Care — 15.1% | ||||||||
| Bristol-Myers Squibb | 214,552 | 14,334,219 | ||||||
| Eli Lilly | 12,196 | 14,107,479 | ||||||
| Gilead Sciences | 53,803 | 7,873,531 | ||||||
| Johnson & Johnson | 54,658 | 14,530,829 | ||||||
| Medtronic PLC | 82,045 | 7,437,379 | ||||||
| Merck | 53,807 | 7,950,523 | ||||||
| Pfizer | 560,273 | 15,945,370 | ||||||
| 82,179,330 | ||||||||
| Industrials — 3.7% | ||||||||
| Caterpillar | 8,595 | 6,854,255 | ||||||
| GE Vernova | 7,072 | 6,354,404 | ||||||
| Lockheed Martin | 12,019 | 6,745,423 | ||||||
| 19,954,082 | ||||||||
| Information Technology — 18.1% | ||||||||
| Advanced Micro Devices* | 14,714 | 6,926,174 | ||||||
| Apple | 22,679 | 7,185,841 | ||||||
| Applied Materials | 13,798 | 6,324,865 | ||||||
| Description | Shares | Fair Value | ||||||
| Information Technology — continued | ||||||||
| Cisco Systems | 60,400 | $ | 6,673,596 | |||||
| Lam Research | 47,818 | 14,416,649 | ||||||
| Micron Technology | 17,025 | 16,322,378 | ||||||
| NVIDIA | 34,896 | 7,704,339 | ||||||
| Palantir Technologies, Cl A* | 56,931 | 10,610,800 | ||||||
| Qualcomm | 94,926 | 16,182,985 | ||||||
| Texas Instruments | 25,406 | 6,628,679 | ||||||
| 98,976,306 | ||||||||
| Real Estate — 3.8% | ||||||||
| American Tower, Cl A‡ | 80,826 | 14,201,128 | ||||||
| Simon Property Group‡ | 30,544 | 6,485,102 | ||||||
| 20,686,230 | ||||||||
| Total Common Stock | ||||||||
| (Cost $503,487,915) | 542,089,418 | |||||||
| SHORT-TERM INVESTMENT — 0.6% | ||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 3.68%(A) | 3,086,657 | 3,086,657 | ||||||
| Total Short-Term Investment | ||||||||
| (Cost $3,086,657) | 3,086,657 | |||||||
| Total Investments - 100.0% | ||||||||
| (Cost $506,574,572) | $ | 545,176,075 | ||||||
Percentages are based on Net Assets of $545,236,488.
| †† | Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting. |
| * | Non-income producing security. |
| ‡ | Real Estate Investment Trust. |
| (A) | The rate shown is the 7-day effective yield as of August 31, 2026. |
| Cl — Class |
| PLC — Public Limited Company |
MER-QH-001-1300
ETC 6 Meridian
Small Cap Equity ETF
Schedule of Investments
August 31, 2026 (Unaudited)
| Description | Shares | Fair Value | ||||||
| COMMON STOCK†† — 99.8% | ||||||||
| Communication Services — 4.7% | ||||||||
| Angi, Cl A* | 168,933 | $ | 785,539 | |||||
| Cars.com* | 181,695 | 2,125,832 | ||||||
| Shutterstock | 86,686 | 480,240 | ||||||
| Yelp, Cl A* | 63,825 | 1,426,489 | ||||||
| Ziff Davis* | 35,256 | 1,944,368 | ||||||
| 6,762,468 | ||||||||
| Consumer Discretionary — 7.7% | ||||||||
| ADT | 221,537 | 1,637,158 | ||||||
| Asbury Automotive Group* | 7,131 | 1,507,494 | ||||||
| G-III Apparel Group | 49,385 | 1,609,457 | ||||||
| Green Brick Partners* | 21,109 | 1,524,492 | ||||||
| Perdoceo Education | 44,257 | 1,471,103 | ||||||
| Sally Beauty Holdings* | 98,208 | 1,608,647 | ||||||
| Upbound Group, Cl A | 94,017 | 1,720,511 | ||||||
| 11,078,862 | ||||||||
| Consumer Staples — 11.9% | ||||||||
| Cal-Maine Foods | 34,397 | 2,714,611 | ||||||
| Central Garden & Pet, Cl A* | 39,429 | 1,694,658 | ||||||
| Del Monte | 35,515 | 1,125,115 | ||||||
| Energizer Holdings | 79,627 | 1,734,276 | ||||||
| J & J Snack Foods | 17,588 | 1,550,910 | ||||||
| John B Sanfilippo & Son | 19,094 | 1,407,037 | ||||||
| National Beverage | 40,673 | 1,286,487 | ||||||
| Reynolds Consumer Products | 64,868 | 1,501,694 | ||||||
| Tootsie Roll Industries | 36,122 | 1,475,945 | ||||||
| Universal | 28,187 | 1,282,509 | ||||||
| WD-40 | 6,197 | 1,327,088 | ||||||
| 17,100,330 | ||||||||
| Energy — 5.1% | ||||||||
| California Resources | 24,416 | 1,294,781 | ||||||
| Gulfport Energy* | 10,453 | 1,875,791 | ||||||
| Magnolia Oil & Gas, Cl A | 65,577 | 1,760,742 | ||||||
| Par Pacific Holdings* | 30,502 | 2,437,720 | ||||||
| 7,369,034 | ||||||||
| Financials — 26.9% | ||||||||
| AMERISAFE | 42,493 | 1,106,518 | ||||||
| Bread Financial Holdings | 20,171 | 2,107,265 | ||||||
| Employers Holdings | 35,880 | 1,761,349 | ||||||
| Enact Holdings | 71,918 | 3,466,448 | ||||||
| Enova International* | 10,450 | 2,369,224 | ||||||
| EZCORP, Cl A* | 57,266 | 1,850,837 | ||||||
| Franklin BSP Realty Trust‡ | 159,672 | 1,336,455 | ||||||
| HCI Group | 17,459 | 3,242,660 | ||||||
| Horace Mann Educators | 69,839 | 3,554,107 | ||||||
| Lincoln National | 43,195 | 1,839,675 | ||||||
| Palomar Holdings | 12,180 | 1,614,702 | ||||||
| Preferred Bank | 16,784 | 1,719,185 | ||||||
| PROG Holdings | 44,556 | 1,698,920 | ||||||
| Radian Group | 46,618 | 1,671,721 | ||||||
| StoneX Group* | 27,634 | 1,892,376 | ||||||
| Tompkins Financial | 19,219 | 1,866,549 | ||||||
| Virtus Investment Partners | 10,771 | 1,782,601 | ||||||
| Western Union | 257,421 | 1,843,134 | ||||||
| Description | Shares | Fair Value | ||||||
| Financials — continued | ||||||||
| World Acceptance* | 10,395 | $ | 1,910,705 | |||||
| 38,634,431 | ||||||||
| Health Care — 15.2% | ||||||||
| Addus HomeCare* | 14,332 | 1,643,451 | ||||||
| Amphastar Pharmaceuticals* | 75,913 | 1,710,320 | ||||||
| Collegium Pharmaceutical* | 38,253 | 941,406 | ||||||
| Harmony Biosciences Holdings* | 53,093 | 2,090,802 | ||||||
| Indivior Pharmaceuticals* | 47,112 | 1,645,622 | ||||||
| Innoviva* | 133,933 | 2,781,788 | ||||||
| Pacira BioSciences* | 66,284 | 1,716,756 | ||||||
| Pediatrix Medical Group* | 76,218 | 1,999,198 | ||||||
| Progyny* | 85,177 | 2,179,679 | ||||||
| Protagonist Therapeutics* | 15,976 | 2,360,454 | ||||||
| PTC Therapeutics* | 23,570 | 1,639,058 | ||||||
| Supernus Pharmaceuticals* | 27,261 | 1,205,209 | ||||||
| 21,913,743 | ||||||||
| Industrials — 4.1% | ||||||||
| Casella Waste Systems, Cl A* | 16,193 | 1,493,804 | ||||||
| Korn Ferry | 23,976 | 2,051,147 | ||||||
| Pitney Bowes | 139,793 | 2,394,654 | ||||||
| 5,939,605 | ||||||||
| Information Technology — 5.3% | ||||||||
| Box, Cl A* | 57,502 | 2,057,421 | ||||||
| DXC Technology* | 121,419 | 1,372,035 | ||||||
| NetScout Systems* | 50,026 | 1,942,510 | ||||||
| ScanSource* | 39,777 | 2,270,869 | ||||||
| 7,642,835 | ||||||||
| Real Estate — 7.3% | ||||||||
| Essential Properties Realty Trust‡ | 43,828 | 1,314,840 | ||||||
| Four Corners Property Trust‡ | 59,330 | 1,476,130 | ||||||
| Getty Realty‡ | 45,297 | 1,468,529 | ||||||
| LTC Properties‡ | 39,244 | 1,582,318 | ||||||
| National Health Investors‡ | 23,500 | 1,671,085 | ||||||
| Phillips Edison‡ | 38,457 | 1,486,363 | ||||||
| Universal Health Realty Income Trust‡ | 34,630 | 1,419,138 | ||||||
| 10,418,403 | ||||||||
| Utilities — 11.6% | ||||||||
| American States Water | 19,638 | 1,753,477 | ||||||
| Avista | 37,561 | 1,395,767 | ||||||
| California Water Service Group | 32,243 | 1,611,183 | ||||||
| Chesapeake Utilities | 11,006 | 1,469,741 | ||||||
| Clearway Energy, Cl C | 41,187 | 1,307,687 | ||||||
| H2O America | 26,169 | 1,658,329 | ||||||
| MDU Resources Group | 72,678 | 1,447,746 | ||||||
| MGE Energy | 18,677 | 1,451,016 | ||||||
| Middlesex Water | 27,328 | 1,585,024 | ||||||
| Northwest Natural Holding | 28,844 | 1,415,375 | ||||||
| Unitil | 28,483 | 1,524,980 | ||||||
| 16,620,325 | ||||||||
| Total Common Stock | ||||||||
| (Cost $129,501,906) | 143,480,036 | |||||||
ETC 6 Meridian
Small Cap Equity ETF
Schedule of Investments
August 31, 2026 (Unaudited) (Concluded)
| Description | Shares | Fair Value | ||||||
| SHORT-TERM INVESTMENT — 0.3% | ||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 3.68%(A) | 375,575 | $ | 375,575 | |||||
| Total Short-Term Investment | ||||||||
| (Cost $375,575) | 375,575 | |||||||
| Total Investments - 100.1% | ||||||||
| (Cost $129,877,481) | $ | 143,855,611 | ||||||
Percentages are based on Net Assets of $143,746,168.
| * | Non-income producing security. |
| †† | Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting. |
| ‡ | Real Estate Investment Trust. |
| (A) | The rate shown is the 7-day effective yield as of August 31, 2026. |
| Cl — Class |
MER-QH-001-1300
ETC 6 Meridian
Quality Growth ETF
Schedule of Investments
August 31, 2026 (Unaudited)
| Description | Shares | Fair Value | ||||||
| COMMON STOCK†† — 99.3% | ||||||||
| Communication Services — 13.0% | ||||||||
| Alphabet, Cl A | 9,741 | $ | 3,305,608 | |||||
| AppLovin, Cl A* | 3,376 | 1,053,515 | ||||||
| Cargurus, Cl A* | 1,165 | 41,544 | ||||||
| Magnite* | 1,780 | 41,812 | ||||||
| Netflix* | 26,414 | 2,140,855 | ||||||
| Reddit, Cl A* | 2,418 | 357,405 | ||||||
| Spotify Technology* | 1,629 | 885,557 | ||||||
| TKO Group Holdings, Cl A | 2,142 | 391,150 | ||||||
| Yelp, Cl A* | 712 | 15,913 | ||||||
| 8,233,359 | ||||||||
| Consumer Discretionary — 5.9% | ||||||||
| Chewy, Cl A* | 5,203 | 123,831 | ||||||
| Deckers Outdoor* | 1,880 | 163,710 | ||||||
| DraftKings, Cl A* | 6,205 | 150,720 | ||||||
| Grand Canyon Education* | 335 | 49,623 | ||||||
| O'Reilly Automotive* | 10,615 | 942,612 | ||||||
| Rush Street Interactive, Cl A* | 2,737 | 70,505 | ||||||
| TJX | 14,390 | 1,926,965 | ||||||
| Ulta Beauty* | 585 | 314,204 | ||||||
| 3,742,170 | ||||||||
| Consumer Staples — 10.7% | ||||||||
| Cal-Maine Foods | 590 | 46,563 | ||||||
| Celsius Holdings* | 2,683 | 84,380 | ||||||
| Colgate-Palmolive | 10,425 | 936,374 | ||||||
| Costco Wholesale | 2,626 | 2,478,655 | ||||||
| Interparfums | 231 | 27,126 | ||||||
| Marzetti | 262 | 29,514 | ||||||
| Monster Beverage* | 18,606 | 854,388 | ||||||
| Tootsie Roll Industries | 396 | 16,181 | ||||||
| Vita Coco* | 672 | 39,456 | ||||||
| Walmart | 21,131 | 2,216,008 | ||||||
| WD-40 | 180 | 38,547 | ||||||
| 6,767,192 | ||||||||
| Energy — 0.6% | ||||||||
| Kinetik Holdings, Cl A | 1,456 | 79,833 | ||||||
| Texas Pacific Land | 759 | 284,124 | ||||||
| 363,957 | ||||||||
| Financials — 13.3% | ||||||||
| Freedom Holding* | 229 | 40,077 | ||||||
| HCI Group | 150 | 27,859 | ||||||
| Kinsale Capital Group | 295 | 110,301 | ||||||
| Mastercard, Cl A | 5,013 | 2,954,211 | ||||||
| Progressive | 7,510 | 1,637,781 | ||||||
| Toast, Cl A* | 7,009 | 238,937 | ||||||
| Tradeweb Markets, Cl A | 2,775 | 298,868 | ||||||
| Visa, Cl A | 8,037 | 3,048,997 | ||||||
| WEX* | 434 | 82,711 | ||||||
| 8,439,742 | ||||||||
| Health Care — 16.4% | ||||||||
| ACADIA Pharmaceuticals* | 1,719 | 49,696 | ||||||
| Addus HomeCare* | 237 | 27,177 | ||||||
| ADMA Biologics* | 3,161 | 29,682 | ||||||
| Alkermes* | 2,151 | 101,075 | ||||||
| Description | Shares | Fair Value | ||||||
| Health Care — continued | ||||||||
| Ardelyx* | 3,229 | $ | 12,206 | |||||
| Aurinia Pharmaceuticals* | 1,475 | 23,762 | ||||||
| Axsome Therapeutics* | 554 | 109,980 | ||||||
| Chemed | 178 | 92,330 | ||||||
| Eli Lilly | 2,423 | 2,802,757 | ||||||
| Exelixis* | 3,204 | 175,067 | ||||||
| Harmony Biosciences Holdings* | 629 | 24,770 | ||||||
| IDEXX Laboratories* | 1,078 | 600,112 | ||||||
| Incyte* | 2,188 | 269,605 | ||||||
| Insulet* | 921 | 136,916 | ||||||
| Intuitive Surgical* | 4,611 | 1,737,701 | ||||||
| Krystal Biotech* | 352 | 126,495 | ||||||
| Medpace Holdings* | 296 | 175,821 | ||||||
| Natera* | 1,800 | 579,528 | ||||||
| Neurocrine Biosciences* | 1,325 | 204,090 | ||||||
| Progyny* | 926 | 23,696 | ||||||
| PTC Therapeutics* | 1,070 | 74,408 | ||||||
| ResMed | 1,903 | 456,910 | ||||||
| TG Therapeutics* | 1,892 | 102,736 | ||||||
| TransMedics Group* | 485 | 41,162 | ||||||
| Veeva Systems, Cl A* | 1,853 | 529,384 | ||||||
| Vertex Pharmaceuticals* | 3,397 | 1,849,734 | ||||||
| 10,356,800 | ||||||||
| Industrials — 5.8% | ||||||||
| Blue Bird* | 426 | 24,772 | ||||||
| Cintas | 4,304 | 868,504 | ||||||
| Copart* | 11,339 | 374,074 | ||||||
| ExlService Holdings* | 1,924 | 73,266 | ||||||
| Fastenal | 14,665 | 723,131 | ||||||
| Old Dominion Freight Line | 2,733 | 546,491 | ||||||
| Rollins | 3,974 | 143,342 | ||||||
| Watts Water Technologies, Cl A | 447 | 163,490 | ||||||
| WW Grainger | 594 | 777,837 | ||||||
| 3,694,907 | ||||||||
| Information Technology — 33.5% | ||||||||
| Adobe* | 5,042 | 1,476,247 | ||||||
| Appfolio, Cl A* | 448 | 104,926 | ||||||
| Apple | 11,291 | 3,577,553 | ||||||
| Arista Networks* | 13,500 | 2,641,815 | ||||||
| Badger Meter | 375 | 50,801 | ||||||
| Manhattan Associates* | 714 | 159,358 | ||||||
| Microsoft | 7,112 | 3,607,847 | ||||||
| Monolithic Power Systems | 654 | 829,122 | ||||||
| Napco Security Technologies | 467 | 16,924 | ||||||
| NVIDIA | 16,349 | 3,609,532 | ||||||
| Palantir Technologies, Cl A* | 16,648 | 3,102,854 | ||||||
| Pegasystems | 1,158 | 42,626 | ||||||
| Qualys* | 450 | 83,763 | ||||||
| ServiceNow* | 12,240 | 1,811,398 | ||||||
| SPS Commerce* | 458 | 39,113 | ||||||
| Ubiquiti | 64 | 37,761 | ||||||
| 21,191,640 | ||||||||
| Materials — 0.1% | ||||||||
| Balchem | 430 | 75,633 | ||||||
ETC 6 Meridian
Quality Growth ETF
Schedule of Investments
August 31, 2026 (Unaudited) (Concluded)
| Description | Shares | Fair Value | ||||||
| Materials — continued | ||||||||
| United States Lime & Minerals | 150 | $ | 17,719 | |||||
| 93,352 | ||||||||
| Total Common Stock | ||||||||
| (Cost $54,638,686) | 62,883,119 | |||||||
| EXCHANGE-TRADED FUND — 0.6% | ||||||||
| Domestic Equity — 0.6% | ||||||||
| iShares Russell 1000 Growth ETF | 3,248 | 398,562 | ||||||
| Total Exchange-Traded Fund | ||||||||
| (Cost $388,590) | 398,562 | |||||||
| SHORT-TERM INVESTMENT — 0.1% | ||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 3.68%(A) | 89,462 | 89,462 | ||||||
| Total Short-Term Investment | ||||||||
| (Cost $89,462) | 89,462 | |||||||
| Total Investments - 100.0% | ||||||||
| (Cost $55,116,738) | $ | 63,371,143 | ||||||
Percentages are based on Net Assets of $63,348,740.
| †† | Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting. |
| * | Non-income producing security. |
| (A) | The rate shown is the 7-day effective yield as of August 31, 2026. |
| Cl — Class |
| ETF — Exchange-Traded Fund |
MER-QH-001-1300