Schedule of Investments
Infusive® Compounding Global Equities ETF
September 30, 2020 (unaudited)
Number of Shares | Value | |||||||
COMMON STOCKS — 99.9% | ||||||||
Belgium — 0.6% | ||||||||
Anheuser-Busch InBev SA/NV | 3,196 | $ | 173,242 | |||||
Brazil — 0.4% | ||||||||
Ambev SA, ADR | 34,556 | 78,096 | ||||||
Lojas Renner SA | 8,900 | 62,608 | ||||||
140,704 | ||||||||
Canada — 1.4% | ||||||||
Alimentation Couche-Tard, Inc., Class B | 4,057 | 140,837 | ||||||
Lululemon Athletica, Inc.* | 518 | 170,614 | ||||||
Restaurant Brands International, Inc. | 1,757 | 100,599 | ||||||
412,050 | ||||||||
China — 12.0% | ||||||||
Alibaba Group Holding Ltd., ADR* | 5,184 | 1,523,992 | ||||||
Angel Yeast Co., Ltd., Class A | 500 | 4,494 | ||||||
Anhui Kouzi Distillery Co., Ltd., Class A | 300 | 2,242 | ||||||
ANTA Sports Products Ltd. | 7,802 | 80,637 | ||||||
Baidu, Inc., ADR* | 1,238 | 156,718 | ||||||
Beijing Kunlun Tech Co., Ltd., Class A | 600 | 2,303 | ||||||
By-health Co., Ltd., Class A | 900 | 2,786 | ||||||
China Feihe Ltd., 144A | 26,154 | 60,677 | ||||||
China Tourism Group Duty Free Corp. Ltd., Class A | 1,100 | 36,137 | ||||||
Chongqing Fuling Zhacai Group Co., Ltd., Class A | 400 | 2,774 | ||||||
Foshan Haitian Flavouring & Food Co., Ltd., Class A | 1,500 | 35,830 | ||||||
Fujian Sunner Development Co., Ltd., Class A | 700 | 2,257 | ||||||
Guangdong Haid Group Co., Ltd., Class A | 900 | 8,134 | ||||||
Jiangsu King's Luck Brewery JSC Ltd., Class A | 700 | 4,582 | ||||||
Jiangsu Yanghe Brewery Joint-Stock Co., Ltd., Class A | 800 | 14,735 | ||||||
Kweichow Moutai Co., Ltd., Class A | 400 | 98,345 | ||||||
Luzhou Laojiao Co., Ltd., Class A | 800 | 16,922 | ||||||
Mango Excellent Media Co., Ltd., Class A | 1,000 | 9,932 | ||||||
Muyuan Foodstuff Co., Ltd., Class A | 2,120 | 23,117 | ||||||
Shanghai Jahwa United Co., Ltd., Class A | 400 | 2,222 | ||||||
Shanxi Xinghuacun Fen Wine Factory Co., Ltd., Class A | 500 | 14,602 | ||||||
Sichuan Swellfun Co., Ltd., Class A | 300 | 2,851 | ||||||
Tencent Holdings Ltd. | 18,663 | 1,231,758 | ||||||
Tencent Music Entertainment Group, ADR* | 4,493 | 66,362 | ||||||
Vipshop Holdings Ltd., ADR* | 3,837 | 60,011 | ||||||
Wanda Film Holding Co., Ltd., Class A* | 1,200 | 3,148 | ||||||
Weibo Corp., ADR* | 1,596 | 58,142 | ||||||
Wens Foodstuffs Group Co., Ltd., Class A | 3,500 | 10,078 | ||||||
Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd., Class A | 1,200 | 7,018 | ||||||
Wuliangye Yibin Co., Ltd., Class A | 2,200 | 71,644 | ||||||
Zhejiang Century Huatong Group Co., Ltd., Class A* | 4,200 | 5,892 | ||||||
3,620,342 | ||||||||
France — 4.2% | ||||||||
Danone SA | 2,632 | 170,432 | ||||||
Kering SA | 316 | 210,329 | ||||||
L'Oreal SA | 927 | 301,764 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 971 | 454,774 | ||||||
Vivendi SA | 4,244 | 118,446 | ||||||
1,255,745 | ||||||||
Germany — 0.3% | ||||||||
Beiersdorf AG | 736 | 83,718 | ||||||
Italy — 0.4% | ||||||||
Ferrari NV | 636 | 116,831 | ||||||
Japan — 1.8% | ||||||||
Kao Corp. | 2,121 | 158,517 | ||||||
Kobe Bussan Co., Ltd. | 916 | 50,171 | ||||||
Nintendo Co., Ltd. | 443 | 250,444 | ||||||
Nitori Holdings Co. Ltd. | 467 | 96,692 | ||||||
555,824 | ||||||||
Netherlands — 0.8% | ||||||||
Heineken NV | 1,316 | 117,098 | ||||||
Prosus NV* | 1,418 | 130,864 | ||||||
247,962 | ||||||||
Spain — 0.5% | ||||||||
Industria de Diseno Textil SA | 5,120 | 142,895 | ||||||
Sweden — 0.3% | ||||||||
Hennes & Mauritz AB, Class B | 5,405 | 93,455 | ||||||
Switzerland — 3.8% | ||||||||
Nestle SA | 9,702 | 1,154,630 | ||||||
United Kingdom — 4.2% | ||||||||
British American Tobacco PLC | 8,577 | 307,979 | ||||||
Capri Holdings Ltd.* | 3,426 | 61,668 | ||||||
Diageo PLC | 8,671 | 297,062 | ||||||
Unilever NV | 5,372 | 324,423 | ||||||
Unilever PLC | 4,442 | 274,267 | ||||||
1,265,399 | ||||||||
United States — 69.2% | ||||||||
Alphabet, Inc., Class A* | 874 | 1,280,934 | ||||||
Altria Group, Inc. | 6,898 | 266,539 | ||||||
Amazon.com, Inc.* | 736 | 2,317,465 | ||||||
Apple, Inc. | 37,628 | 4,357,699 | ||||||
Beyond Meat, Inc.* | 454 | 75,391 | ||||||
Boston Beer Co., Inc. (The), Class A* | 84 | 74,202 | ||||||
Brown-Forman Corp., Class B | 1,617 | 121,793 | ||||||
Campbell Soup Co. | 1,468 | 71,007 | ||||||
Cinemark Holdings, Inc. | 4,586 | 45,860 |
Schedule of Investments
Infusive® Compounding Global Equities ETF (Continued)
September 30, 2020 (unaudited)
Number of Shares | Value | |||||||
United States (Continued) | ||||||||
Clorox Co. (The) | 601 | $ | 126,312 | |||||
Coca-Cola Co. (The) | 13,767 | 679,677 | ||||||
Colgate-Palmolive Co. | 3,152 | 243,177 | ||||||
Conagra Brands, Inc. | 2,769 | 98,881 | ||||||
Constellation Brands, Inc., Class A | 787 | 149,144 | ||||||
Coty, Inc., Class A | 13,163 | 35,540 | ||||||
Domino's Pizza, Inc. | 236 | 100,366 | ||||||
Dunkin' Brands Group, Inc. | 913 | 74,784 | ||||||
Estee Lauder Cos., Inc. (The), Class A | 925 | 201,881 | ||||||
Etsy, Inc.* | 731 | 88,911 | ||||||
Facebook, Inc., Class A* | 5,145 | 1,347,476 | ||||||
Five Below, Inc.* | 613 | 77,851 | ||||||
General Mills, Inc. | 2,630 | 162,219 | ||||||
Hershey Co. (The) | 781 | 111,949 | ||||||
JM Smucker Co. (The) | 781 | 90,221 | ||||||
Kellogg Co. | 1,490 | 96,239 | ||||||
Keurig Dr Pepper, Inc. | 2,711 | 74,824 | ||||||
Kimberly-Clark Corp. | 1,366 | 201,704 | ||||||
Kraft Heinz Co. (The) | 3,436 | 102,908 | ||||||
Lamb Weston Holdings, Inc. | 1,194 | 79,126 | ||||||
Mastercard, Inc., Class A | 3,273 | 1,106,830 | ||||||
Match Group, Inc.* | 1,183 | 130,899 | ||||||
McCormick & Co., Inc. | 620 | 120,342 | ||||||
McDonald's Corp. | 2,924 | 641,789 | ||||||
Mondelez International, Inc., Class A | 5,300 | 304,485 | ||||||
Monster Beverage Corp.* | 1,807 | 144,921 | ||||||
Netflix, Inc.* | 1,474 | 737,044 | ||||||
PepsiCo, Inc. | 4,814 | 667,220 | ||||||
Philip Morris International, Inc. | 5,473 | 410,420 | ||||||
Planet Fitness, Inc., Class A* | 1,131 | 69,692 | ||||||
RH* | 194 | 74,228 | ||||||
Roku, Inc.* | 639 | 120,643 | ||||||
Ross Stores, Inc. | 1,635 | 152,578 | ||||||
Shake Shack, Inc., Class A* | 983 | 63,384 | ||||||
Six Flags Entertainment Corp. | 2,630 | 53,389 | ||||||
Sprouts Farmers Market, Inc.* | 2,321 | 48,579 | ||||||
Stamps.Com, Inc.* | 225 | 54,214 | ||||||
Starbucks Corp. | 4,870 | 418,430 | ||||||
Stitch Fix, Inc., Class A* | 2,059 | 55,861 | ||||||
Tapestry, Inc. | 3,997 | 62,473 | ||||||
TJX Cos., Inc. (The) | 4,618 | 256,992 | ||||||
Ulta Beauty, Inc.* | 388 | 86,904 | ||||||
Vail Resorts, Inc. | 349 | 74,676 | ||||||
Visa, Inc., Class A | 5,734 | 1,146,628 | ||||||
Walt Disney Co. (The) | 6,133 | 760,983 | ||||||
Wendy's Co. (The) | 2,823 | 62,939 | ||||||
Williams-Sonoma, Inc. | 734 | 66,383 | ||||||
Wingstop, Inc. | 389 | 53,157 | ||||||
Yum! Brands, Inc. | 1,445 | 131,928 | ||||||
20,832,091 | ||||||||
TOTAL COMMON STOCKS (Cost $25,656,607) | 30,094,888 | |||||||
MONEY MARKET FUND — 0.0% | ||||||||
JPMorgan U.S. Government Money Market Fund, Capital Shares, 0.01%(a) (Cost $4,898) | 4,898 | 4,898 | ||||||
TOTAL INVESTMENTS — 99.9% (Cost $25,661,505) | $ | 30,099,786 | ||||||
Other assets and liabilities, net — 0.1% | 23,430 | |||||||
NET ASSETS — 100.0% | $ | 30,123,216 |
* | Non-income producing security. |
(a) | Rate shown reflects the 7-day yield as of September 30, 2020. |
ADR: | American Depositary Receipt |
JSC | Joint Stock Company |
144A: | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
Schedule of Investments
Infusive® Compounding Global Equities ETF (Continued)
September 30, 2020 (unaudited)
At September 30, 2020 the Infusive® Compounding Global Equities ETF had the following sector diversification:
Sector Diversification | Market Value | As a % of Total Investments (excluding Cash Equivalents) | ||||||
Consumer Staples | $ | 8,769,229 | 29.2 | % | ||||
Consumer Discretionary | 8,380,500 | 27.8 | ||||||
Information Technology | 6,611,157 | 22.0 | ||||||
Communication Services | 6,334,002 | 21.0 | ||||||
Total | $ | 30,094,888 | 100.0 | % |