iClima Distributed Renewable Energy Transition Leaders ETF | ||||||||
SCHEDULE OF INVESTMENTS at July 31, 2021 (Unaudited) | ||||||||
Common Stocks - 99.8% | Shares | Value | ||||||
Auto Manufacturers - 7.9% | ||||||||
BYD Co. Ltd. - H Shares | 2,940 | $ | 90,418 | |||||
Cummins, Inc. | 181 | 42,010 | ||||||
Tesla, Inc. (1) | 49 | 33,673 | ||||||
166,101 | ||||||||
Building Materials - 2.9% | ||||||||
Nibe Industries AB - B Shares | 5,029 | 60,086 | ||||||
Commercial Services - 3.7% | ||||||||
Quanta Services, Inc. | 569 | 51,722 | ||||||
Vivint Smart Home, Inc. (1) | 2,108 | 25,865 | ||||||
77,587 | ||||||||
Distribution & Wholesale - 2.4% | ||||||||
Resideo Technologies, Inc. (1) | 1,709 | 50,416 | ||||||
Electric - 2.2% | ||||||||
Ameresco, Inc. - Class A (1) | 668 | 45,778 | ||||||
Electrical Components & Equipment - 17.7% | ||||||||
ABB Ltd. | 1,428 | 52,201 | ||||||
Blink Charging Co. (1) | 813 | 28,073 | ||||||
EnerSys | 485 | 47,850 | ||||||
Generac Holdings, Inc. (1) | 160 | 67,098 | ||||||
Nexans SA | 540 | 51,611 | ||||||
Prysmian SpA | 1,288 | 46,155 | ||||||
Schneider Electric SE | 288 | 48,256 | ||||||
SMA Solar Technology AG | 576 | 30,162 | ||||||
371,406 | ||||||||
Electronics - 11.7% | ||||||||
Advanced Energy Industries, Inc. | 388 | 40,255 | ||||||
Itron, Inc. (1) | 437 | 43,097 | ||||||
Smart Metering Systems PLC | 4,464 | 56,045 | ||||||
Trimble, Inc. (1) | 597 | 51,044 | ||||||
Vicor Corp. (1) | 468 | 54,105 | ||||||
244,546 | ||||||||
Energy - Alternate Sources - 20.0% | ||||||||
Ballard Power Systems, Inc. (1) | 1,164 | 18,835 | ||||||
Canadian Solar, Inc. (1) | 712 | 28,658 | ||||||
Cleanspark, Inc. (1) | 1,409 | 19,021 | ||||||
Enphase Energy, Inc. (1) | 213 | 40,385 | ||||||
FuelCell Energy, Inc. (1) | 1,829 | 11,577 | ||||||
ITM Power PLC (1) | 4,761 | 27,153 | ||||||
Landis+Gyr Group AG | 609 | 48,045 | ||||||
Plug Power, Inc. (1) | 620 | 16,914 | ||||||
SolarEdge Technologies, Inc. (1) | 137 | 35,549 | ||||||
Sunnova Energy International, Inc. (1) | 916 | 34,900 | ||||||
SunPower Corp. (1) | 941 | 23,309 | ||||||
Sunrun, Inc. (1) | 569 | 30,140 | ||||||
Xinyi Solar Holdings Ltd. | 42,533 | 85,381 | ||||||
419,867 | ||||||||
Engineering & Construction - 5.4% | ||||||||
Alfen Beheer BV (1) | 416 | 41,930 | ||||||
MYR Group, Inc. (1) | 740 | 70,766 | ||||||
112,696 | ||||||||
Hand & Machine Tools - 4.4% | ||||||||
Meidensha Corp. | 4,252 | 91,704 | ||||||
Machinery - Construction & Mining - 1.1% | ||||||||
Bloom Energy Corp. - Class A (1) | 1,029 | 22,432 | ||||||
Metal Fabricate & Hardware - 2.3% | ||||||||
Valmont Industries, Inc. | 205 | 48,575 | ||||||
Miscellaneous Manufacturers - 8.1% | ||||||||
Alstom SA | 773 | 32,045 | ||||||
Eaton Corp. PLC | 356 | 56,266 | ||||||
ESCO Technologies, Inc. | 428 | 40,390 | ||||||
Siemens AG | 268 | 41,816 | ||||||
170,517 | ||||||||
Semiconductors - 9.0% | ||||||||
Analog Devices, Inc. | 288 | 48,217 | ||||||
Dialog Semiconductor PLC (1) | 665 | 51,130 | ||||||
Infineon Technologies AG | 1,049 | 39,973 | ||||||
NXP Semiconductors NV | 244 | 50,359 | ||||||
189,679 | ||||||||
Software - 1.0% | ||||||||
Veritone, Inc. (1) | 997 | 20,618 | ||||||
Total Common Stocks | ||||||||
(Cost $2,041,964) | 2,092,008 | |||||||
Short-Term Investments - 0.2% | ||||||||
Money Market Funds - 0.2% | ||||||||
First American Government Obligations Fund - Class X, 0.026% (2) | 5,160 | 5,160 | ||||||
Total Short-Term Investments | ||||||||
(Cost $5,160) | 5,160 | |||||||
Total Investments in Securities - 100.0% | ||||||||
(Cost $2,047,124) | 2,097,168 | |||||||
Other Liabilities in Excess of Assets - (0.0)% (3) | (183 | ) | ||||||
Total Net Assets - 100.0% | $ | 2,096,985 |
Percentages are stated as a percent of net assets. | |||||||
(1) | Non-income producing security. | ||||||
(2) | The rate shown is the annualized seven-day effective yield as of July 31, 2021. | ||||||
(3) | Does not round to 0.5% or (0.5)%, as applicable. |
Summary of Fair Value Exposure at July 31, 2021 (Unaudited) | |||||
The iClima Distributed Renewable Energy Transition Leaders ETF (the “Fund”) utilizes various methods to measure the fair value of its investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: | |||||
• 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 spreads, 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 would be based on the best information available. | |||||
The following is a summary of the inputs used to value the Fund’s investments as of July 31, 2021: |
Investments in Securities | Investments Measured at Net Asset Value | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||
Common Stocks (1) | $ | – | $ | 2,092,008 | $ | – | $ | – | $ | 2,092,008 | ||||||||||
Short-Term Investments | – | 5,160 | – | – | 5,160 | |||||||||||||||
Total Investments in Securities | $ | – | $ | 2,097,168 | $ | – | $ | – | $ | 2,097,168 | ||||||||||
(1) See Schedule of Investment for the industry breakout. |