Decline of the Retail Store ETF
Schedule of Portfolio Investments
February 29, 2020 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 81.0%
REPURCHASE AGREEMENTS(a) - 81.0%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $8,085,850 (Cost $8,084,783)		8,084,783		8,084,783
Total Investments - 81.0% (Cost $8,084,783)				8,084,783
Other Assets Less Liabilities - 19.0%				1,899,100
Net Assets - 100.0%				9,983,883

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

Decline of the Retail Store ETF had the following open non-exchange traded total return swap agreements as of February 29, 2020:

Notional Amount ($)			Termination Date(1)	Counterparty	Rate Paid (Received)(2)			Underlying Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(5,926,718	)	2/8/2021	Credit Suisse International		(1.67	)%	Solactive-ProShares Bricks and Mortar Retail Store Index		(80,142	)
	(4,043,123	)	1/6/2021	Societe Generale		(0.47	)%	Solactive-ProShares Bricks and Mortar Retail Store Index		733,239
	(9,969,841	)								653,097
								Total Unrealized Appreciation		733,239
								Total Unrealized Depreciation		(80,142	)

(1) Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

(2) Reflects the floating financing rate, as of February 29, 2020, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

DJ Brookfield Global Infrastructure ETF
Schedule of Portfolio Investments
February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 90.0%
Construction & Engineering - 5.6%
Ferrovial SA		59,473		1,699,157
Vinci SA		62,910		6,318,515
				8,017,672
Diversified Telecommunication Services - 2.3%
Cellnex Telecom SA(a)		33,377		1,616,457
China Tower Corp. Ltd., Class H(a)		5,485,551		1,330,044
Infrastrutture Wireless Italiane SpA(a)		29,488		301,118
				3,247,619
Electric Utilities - 8.4%
AusNet Services		213,761		236,037
Edison International		40,377		2,712,931
Elia Group SA/NV		4,059		403,732
Eversource Energy		36,453		3,151,726
Fortis, Inc.		57,016		2,307,401
Hydro One Ltd.(a)		37,596		754,581
Red Electrica Corp. SA		53,563		1,025,625
Spark Infrastructure Group		206,690		284,108
Terna Rete Elettrica Nazionale SpA		173,317		1,146,086
				12,022,227
Equity Real Estate Investment Trusts (REITs) - 14.9%
American Tower Corp.		49,977		11,334,783
CorEnergy Infrastructure Trust, Inc.		1,404		49,000
Crown Castle International Corp.		46,911		6,721,877
SBA Communications Corp.		12,705		3,367,968
				21,473,628
Gas Utilities - 9.9%
APA Group		144,982		1,014,377
Atmos Energy Corp.		13,466		1,390,365
Beijing Enterprises Holdings Ltd.		59,267		250,146
Chesapeake Utilities Corp.		1,870		159,885
China Gas Holdings Ltd.		256,509		937,846
China Resources Gas Group Ltd.		101,706		507,551
Enagas SA		30,798		795,587
ENN Energy Holdings Ltd.		93,304		1,033,586
Hong Kong & China Gas Co. Ltd.		1,214,714		2,337,487
Italgas SpA		59,656		364,322
Kunlun Energy Co. Ltd.		492,263		343,542
National Fuel Gas Co.		9,712		355,556
New Jersey Resources Corp.		10,748		379,512
Northwest Natural Holding Co.		3,413		224,473
ONE Gas, Inc.		5,948		488,569
Snam SpA		268,853		1,326,994
Southwest Gas Holdings, Inc.		6,179		399,658
Spire, Inc.		5,729		429,961
Toho Gas Co. Ltd.		12,270		419,200
Tokyo Gas Co. Ltd.		48,178		975,084
Towngas China Co. Ltd.*		125,484		72,763
				14,206,464
Media - 0.6%
Eutelsat Communications SA		20,994		283,678
SES SA, FDR		47,389		543,031
				826,709
Multi-Utilities - 11.3%
ACEA SpA		5,527		115,563
CenterPoint Energy, Inc.		56,668		1,304,497
Consolidated Edison, Inc.		37,429		2,950,154
National Grid plc		464,392		5,851,790
NiSource, Inc.		42,147		1,138,812

NorthWestern Corp.	5,678	399,390
Sempra Energy	31,806	4,445,843
Unitil Corp.	1,631	91,890
		16,297,939
Oil, Gas & Consumable Fuels - 22.6%
Antero Midstream Corp.	33,478	145,964
Cheniere Energy, Inc.*	26,157	1,341,593
Enbridge, Inc.	250,442	9,321,723
EnLink Midstream LLC*	28,964	110,353
Inter Pipeline Ltd.	51,365	759,999
Keyera Corp.	26,597	638,447
Kinder Morgan, Inc.	219,779	4,213,163
Koninklijke Vopak NV	8,228	391,944
ONEOK, Inc.	46,515	3,103,481
Pembina Pipeline Corp.	64,221	2,313,344
Plains GP Holdings LP, Class A*	20,520	282,560
Tallgrass Energy LP, Class A	16,957	374,241
Targa Resources Corp.	26,265	850,986
TC Energy Corp.	115,624	6,026,489
Williams Cos., Inc. (The)	136,477	2,599,887
		32,474,174
Transportation Infrastructure - 8.9%
Aena SME SA(a)	9,073	1,452,340
Aeroports de Paris	4,028	594,970
ASTM SpA	9,017	223,176
Atlantia SpA	58,195	1,245,377
Atlas Arteria Ltd.	104,529	546,125
Auckland International Airport Ltd.	116,461	572,888
Beijing Capital International Airport Co. Ltd., Class H	202,078	157,618
China Merchants Port Holdings Co. Ltd.	161,983	238,143
COSCO SHIPPING Ports Ltd.	209,808	139,693
Flughafen Zurich AG (Registered)	2,348	354,342
Fraport AG Frankfurt Airport Services Worldwide	4,577	287,705
Getlink SE	53,391	859,360
Grupo Aeroportuario del Centro Norte SAB de CV, ADR	5,314	276,753
Grupo Aeroportuario del Pacifico SAB de CV, ADR	4,654	504,401
Grupo Aeroportuario del Sureste SAB de CV, ADR	2,523	421,341
Hamburger Hafen und Logistik AG	2,664	56,289
Hutchison Port Holdings Trust	685,794	100,812
Japan Airport Terminal Co. Ltd.	8,976	351,184
Jiangsu Expressway Co. Ltd., Class H	149,979	173,356
Shenzhen Expressway Co. Ltd., Class H	85,428	103,347
Sydney Airport	135,570	686,224
Transurban Group	322,053	3,115,551
Westshore Terminals Investment Corp.	5,642	59,226
Yuexiu Transport Infrastructure Ltd.	110,254	85,572
Zhejiang Expressway Co. Ltd., Class H	176,202	133,140
		12,738,933
Water Utilities - 5.5%
American States Water Co.	4,165	318,997
American Water Works Co., Inc.	20,359	2,517,594

DJ Brookfield Global Infrastructure ETF
Schedule of Portfolio Investments
February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Beijing Enterprises Water Group Ltd.*		743,115		345,103
California Water Service Group		5,408		259,368
China Water Affairs Group Ltd.		108,225		86,219
Cia de Saneamento Basico do Estado de Sao Paulo, ADR*		42,230		550,257
Essential Utilities, Inc.		24,353		1,047,423
Pennon Group plc		52,026		719,081
Severn Trent plc		29,507		932,569
SJW Group		2,929		179,196
United Utilities Group plc		84,378		1,021,485
				7,977,292
TOTAL COMMON STOCKS (Cost $120,770,127)				129,282,657
MASTER LIMITED PARTNERSHIPS - 9.1%
Multi-Utilities - 0.6%
Brookfield Infrastructure Partners LP		17,677		893,396
Oil, Gas & Consumable Fuels - 8.5%
BP Midstream Partners LP		5,201		69,277
Cheniere Energy Partners LP		4,704		159,466
CNX Midstream Partners LP		4,726		55,341
Crestwood Equity Partners LP		5,361		111,723
DCP Midstream LP		10,081		157,163
Enable Midstream Partners LP		6,101		37,826
Energy Transfer LP		259,633		2,876,734
Enterprise Products Partners LP		167,951		3,919,976
EQM Midstream Partners LP		9,266		160,858
Genesis Energy LP		12,413		123,261
Holly Energy Partners LP		4,941		102,476
Magellan Midstream Partners LP		25,771		1,405,808
MPLX LP		42,634		865,044
Noble Midstream Partners LP		3,745		57,486
NuStar Energy LP		11,037		250,540
Phillips 66 Partners LP		6,395		347,696
Plains All American Pipeline LP		48,941		669,023
Shell Midstream Partners LP		14,470		247,582
TC PipeLines LP		6,086		230,964
Western Midstream Partners LP		22,478		293,563
				12,141,807
TOTAL MASTER LIMITED PARTNERSHIPS (Cost $16,735,936)				13,035,203
CLOSED END FUNDS - 0.5%
Capital Markets - 0.5%
3i Infrastructure plc		73,816		280,617
Hicl Infrastructure plc		229,098		505,229
TOTAL CLOSED END FUNDS (Cost $745,395)				785,846

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 0.4%
REPURCHASE AGREEMENTS(b) - 0.4%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $629,779 (Cost $629,696)		629,696	629,696
Total Investments - 100.0% (Cost $138,881,154)			143,733,402
Liabilities in excess of other assets - 0.0%(c)			(36,007	)
Net Assets - 100.0%			143,697,395

* Non-income producing security.

(a) Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.

(b) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

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

Abbreviations
ADR	American Depositary Receipt
FDR	Fiduciary Depositary Receipt

DJ Brookfield Global Infrastructure ETF
Schedule of Portfolio Investments
February 29, 2020 (Unaudited)

DJ Brookfield Global Infrastructure ETF invested, as a percentage of net assets, in the following countries as of February 29, 2020:

United States	49.6	%
Canada	16.1	%
United Kingdom	6.5	%
France	5.6	%
Spain	4.6	%
Australia	4.1	%
Hong Kong	3.6	%
Italy	3.3	%
China	2.1	%
Japan	1.2	%
Mexico	0.6	%
New Zealand	0.4	%
Brazil	0.4	%
Luxembourg	0.4	%
Belgium	0.3	%
Netherlands	0.3	%
Switzerland	0.2	%
Germany	0.2	%
Singapore	0.1	%
Other (1)	0.4	%
	100.0	%

(1) Includes any non-equity securities and net other assets (liabilities).

Equities for Rising Rates ETF
Schedule of Portfolio Investments
February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 99.5%
Aerospace & Defense - 1.7%
Textron, Inc.		739		30,003
Air Freight & Logistics - 1.8%
FedEx Corp.		216		30,493
Airlines - 3.8%
American Airlines Group, Inc.		768		14,631
Delta Air Lines, Inc.		370		17,068
Southwest Airlines Co.		402		18,568
United Airlines Holdings, Inc.*		247		15,213
				65,480
Banks - 12.0%
Bank of America Corp.		1,853		52,811
Citigroup, Inc.		822		52,164
Citizens Financial Group, Inc.		1,619		51,306
Regions Financial Corp.		3,818		51,619
				207,900
Capital Markets - 13.1%
Charles Schwab Corp. (The)		1,355		55,216
Morgan Stanley		1,282		57,729
Northern Trust Corp.		612		53,709
Raymond James Financial, Inc.		725		60,631
				227,285
Chemicals - 13.9%
Celanese Corp.		354		33,184
DuPont de Nemours, Inc.		685		29,386
Eastman Chemical Co.		558		34,323
International Flavors & Fragrances, Inc.(a)		343		41,084
LyondellBasell Industries NV, Class A		465		33,229
Mosaic Co. (The)		2,059		35,065
PPG Industries, Inc.		328		34,260
				240,531
Containers & Packaging - 2.0%
International Paper Co.		952		35,186
Electrical Equipment - 3.4%
Eaton Corp. plc		345		31,298
Emerson Electric Co.		428		27,439
				58,737
Energy Equipment & Services - 4.3%
Halliburton Co.		2,237		37,939
Schlumberger Ltd.		1,365		36,978
				74,917
Hotels, Restaurants & Leisure - 3.6%
Carnival Corp.		426		14,254
Las Vegas Sands Corp.		313		18,251
Royal Caribbean Cruises Ltd.		164		13,187
Wynn Resorts Ltd.		156		16,845
				62,537
Insurance - 6.0%
Lincoln National Corp.		1,116		50,655
Prudential Financial, Inc.		703		53,042
				103,697
Machinery - 4.9%
Caterpillar, Inc.		221		27,457
Cummins, Inc.		181		27,383

Parker-Hannifin Corp.	158	29,194
		84,034
Media - 1.0%
Discovery, Inc., Class A*	660	16,962
Metals & Mining - 3.8%
Freeport-McMoRan, Inc.	3,353	33,396
Nucor Corp.	771	31,881
		65,277
Oil, Gas & Consumable Fuels - 18.0%
Concho Resources, Inc.	640	43,533
ConocoPhillips	841	40,721
Devon Energy Corp.	2,122	34,462
EOG Resources, Inc.	657	41,562
Marathon Oil Corp.	4,051	33,542
Noble Energy, Inc.	2,217	35,095
Pioneer Natural Resources Co.	360	44,201
Valero Energy Corp.	585	38,756
		311,872
Road & Rail - 1.8%
CSX Corp.	450	31,702
Specialty Retail - 1.1%
Best Buy Co., Inc.	251	18,988
Trading Companies & Distributors - 3.3%
Fastenal Co.	886	30,319
United Rentals, Inc.*	194	25,701
		56,020
TOTAL COMMON STOCKS (Cost $2,278,263)		1,721,621
SECURITIES LENDING REINVESTMENTS(b) - 2.2%
INVESTMENT COMPANIES - 2.2%
BlackRock Liquidity FedFund, Institutional Class 1.49% (Cost $38,423)	38,423	38,423

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 0.2%
REPURCHASE AGREEMENTS(c) - 0.2%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $3,767 (Cost $3,767)		3,767	3,767
Total Investments - 101.9% (Cost $2,320,453)			1,763,811
Liabilities in excess of other assets - (1.9%)			(33,725	)
Net Assets - 100.0%			1,730,086

Equities for Rising Rates ETF
Schedule of Portfolio Investments
February 29, 2020 (Unaudited)

* Non-income producing security.

(a) The security or a portion of this security is on loan at February 29, 2020. The total value of securities on loan at February 29, 2020 was $36,892, collateralized in the form of cash with a value of $38,423 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments.

(b) The security was purchased with cash collateral held from securities on loan at February 29, 2020. The total value of securities purchased was $38,423.

(c) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Global Listed Private Equity ETF
Schedule of Portfolio Investments
February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 88.2%
Capital Markets - 63.3%
3i Group plc		144,969		1,873,590
Apollo Investment Corp.		26,088		397,581
Ares Capital Corp.		110,447		1,898,584
AURELIUS Equity Opportunities SE & Co. KGaA		10,769		313,617
BlackRock TCP Capital Corp.		23,218		303,924
Brait SE*		185,313		77,214
FS KKR Capital Corp.		198,956		1,054,467
Gimv NV		7,410		426,192
Goldman Sachs BDC, Inc.		13,460		260,451
Golub Capital BDC, Inc.		49,780		829,335
Hercules Capital, Inc.		39,760		524,832
IP Group plc*		300,395		256,511
Main Street Capital Corp.		21,202		782,990
New Mountain Finance Corp.		34,969		447,253
Oaktree Specialty Lending Corp.		49,194		241,050
Prospect Capital Corp.		120,388		663,338
Ratos AB, Class B		88,339		270,459
Solar Capital Ltd.		15,858		296,069
TCG BDC, Inc.		22,157		268,986
TPG Specialty Lending, Inc.		25,476		533,467
				11,719,910
Diversified Financial Services - 21.2%
Eurazeo SE		13,967		934,383
Onex Corp.		30,953		1,737,842
Wendel SA		10,233		1,250,547
				3,922,772
Internet & Direct Marketing Retail - 3.7%
Rocket Internet SE*(a)		30,939		675,930
TOTAL COMMON STOCKS (Cost $18,147,887)				16,318,612
CLOSED END FUNDS - 9.3%
Capital Markets - 9.3%
Apax Global Alpha Ltd.(a)		171,568		326,664
HBM Healthcare Investments AG Class A*		2,298		528,769
HgCapital Trust plc		143,460		439,610
NB Global Floating Rate Income Fund Ltd.		153,158		172,414
Princess Private Equity Holding Ltd.		23,698		262,922
TOTAL CLOSED END FUNDS (Cost $1,431,018)				1,730,379
MASTER LIMITED PARTNERSHIPS - 1.9%
Diversified Financial Services - 1.9%
Compass Diversified Holdings (Cost $336,706)		19,695		361,009

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 0.5%
REPURCHASE AGREEMENTS(b) - 0.5%
Repurchase Agreements with various counterparties, rates 1.58% -1.59%, dated 2/28/2020, due 3/2/2020, total to be received $87,795 (Cost $87,784)		87,784	87,784
Total Investments - 99.9% (Cost $20,003,395)			18,497,784
Other Assets Less Liabilities - 0.1%			10,687
Net Assets - 100.0%			18,508,471

* Non-income producing security.

(a) Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.

(b) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Global Listed Private Equity ETF
Schedule of Portfolio Investments
February 29, 2020 (Unaudited)

Global Listed Private Equity ETF invested, as a percentage of net assets, in the following countries as of February 29, 2020:

United States	47.9	%
United Kingdom	18.0	%
France	11.8	%
Canada	9.4	%
Germany	5.3	%
Switzerland	2.8	%
Belgium	2.3	%
Sweden	1.5	%
South Africa	0.4	%
Other (1)	0.6	%
	100.0	%

(1) Includes any non-equity securities and net other assets (liabilities).

Hedge Replication ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 12.7%
Aerospace & Defense - 0.3%
Arconic, Inc.		69		2,025
Boeing Co. (The)		94		25,860
General Dynamics Corp.		41		6,547
Huntington Ingalls Industries, Inc.		7		1,439
L3Harris Technologies, Inc.		39		7,712
Lockheed Martin Corp.		43		15,904
Northrop Grumman Corp.		27		8,879
Raytheon Co.		49		9,239
Textron, Inc.		40		1,624
TransDigm Group, Inc.		8		4,463
United Technologies Corp.		143		18,674
				102,366
Air Freight & Logistics - 0.1%
CH Robinson Worldwide, Inc.		23		1,585
Expeditors International of Washington, Inc.		29		2,042
FedEx Corp.		42		5,929
United Parcel Service, Inc., Class B		123		11,130
				20,686
Airlines - 0.0%(a)
Alaska Air Group, Inc.		22		1,110
American Airlines Group, Inc.		70		1,334
Delta Air Lines, Inc.		101		4,659
Southwest Airlines Co.		83		3,834
United Airlines Holdings, Inc.*		38		2,340
				13,277
Auto Components - 0.0%(a)
Aptiv plc		45		3,515
BorgWarner, Inc.		37		1,169
				4,684
Automobiles - 0.0%(a)
Ford Motor Co.		684		4,761
General Motors Co.		221		6,740
Harley-Davidson, Inc.		28		853
				12,354
Banks - 0.6%
Bank of America Corp.		1,420		40,470
Citigroup, Inc.		383		24,305
Citizens Financial Group, Inc.		77		2,440
Comerica, Inc.		25		1,316
Fifth Third Bancorp		126		3,074
First Republic Bank		29		2,917
Huntington Bancshares, Inc.		183		2,245
JPMorgan Chase & Co.		549		63,744
KeyCorp		174		2,845
M&T Bank Corp.		23		3,229
People's United Financial, Inc.		80		1,119
PNC Financial Services Group, Inc. (The)		76		9,606
Regions Financial Corp.		171		2,312
SVB Financial Group*		8		1,665
Truist Financial Corp.		235		10,843
US Bancorp		249		11,564
Wells Fargo & Co.		675		27,574
Zions Bancorp NA		31		1,239
				212,507
Beverages - 0.2%
Brown-Forman Corp., Class B		33		2,027
Coca-Cola Co. (The)		676		36,159

Constellation Brands, Inc., Class A	29	4,999
Molson Coors Beverage Co., Class B	34	1,687
Monster Beverage Corp.*	67	4,181
PepsiCo, Inc.	245	32,347
		81,400
Biotechnology - 0.3%
AbbVie, Inc.	260	22,285
Alexion Pharmaceuticals, Inc.*	39	3,667
Amgen, Inc.	104	20,772
Biogen, Inc.*	31	9,560
Gilead Sciences, Inc.	221	15,328
Incyte Corp.*	31	2,338
Regeneron Pharmaceuticals, Inc.*	14	6,224
Vertex Pharmaceuticals, Inc.*	45	10,081
		90,255
Building Products - 0.0%(a)
Allegion plc	17	1,955
AO Smith Corp.	25	989
Fortune Brands Home & Security, Inc.	24	1,482
Johnson Controls International plc	136	4,973
Masco Corp.	51	2,107
		11,506
Capital Markets - 0.4%
Ameriprise Financial, Inc.	22	3,109
Bank of New York Mellon Corp. (The)	147	5,865
BlackRock, Inc.	21	9,723
Cboe Global Markets, Inc.	20	2,280
Charles Schwab Corp. (The)	202	8,232
CME Group, Inc.	63	12,526
E*TRADE Financial Corp.	39	1,785
Franklin Resources, Inc.	50	1,088
Goldman Sachs Group, Inc. (The)	56	11,243
Intercontinental Exchange, Inc.	97	8,654
Invesco Ltd.	67	965
MarketAxess Holdings, Inc.	7	2,270
Moody's Corp.	28	6,721
Morgan Stanley	216	9,726
MSCI, Inc.	15	4,432
Nasdaq, Inc.	21	2,154
Northern Trust Corp.	38	3,335
Raymond James Financial, Inc.	22	1,840
S&P Global, Inc.	43	11,434
State Street Corp.	64	4,359
T. Rowe Price Group, Inc.	41	4,838
		116,579
Chemicals - 0.2%
Air Products & Chemicals, Inc.	38	8,345
Albemarle Corp.	19	1,555
Celanese Corp.	22	2,062
CF Industries Holdings, Inc.	38	1,401
Corteva, Inc.	132	3,590
Dow, Inc.	130	5,253
DuPont de Nemours, Inc.	130	5,577
Eastman Chemical Co.	23	1,415
Ecolab, Inc.	44	7,940
FMC Corp.	22	2,048
International Flavors & Fragrances, Inc.(b)	19	2,276
Linde plc	94	17,955

Hedge Replication ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
LyondellBasell Industries NV, Class A		45		3,216
Mosaic Co. (The)		63		1,073
PPG Industries, Inc.		41		4,283
Sherwin-Williams Co. (The)		15		7,751
				75,740
Commercial Services & Supplies - 0.1%
Cintas Corp.		15		4,001
Copart, Inc.*		37		3,126
Republic Services, Inc.		38		3,430
Rollins, Inc.		25		936
Waste Management, Inc.		68		7,535
				19,028
Communications Equipment - 0.1%
Arista Networks, Inc.*		9		1,738
Cisco Systems, Inc.		743		29,668
F5 Networks, Inc.*		10		1,200
Juniper Networks, Inc.		60		1,273
Motorola Solutions, Inc.		30		4,970
				38,849
Construction & Engineering - 0.0%(a)
Jacobs Engineering Group, Inc.		23		2,124
Quanta Services, Inc.		25		953
				3,077
Construction Materials - 0.0%(a)
Martin Marietta Materials, Inc.		10		2,275
Vulcan Materials Co.		23		2,766
				5,041
Consumer Finance - 0.1%
American Express Co.		117		12,862
Capital One Financial Corp.		82		7,237
Discover Financial Services		55		3,607
Synchrony Financial		105		3,056
				26,762
Containers & Packaging - 0.1%
Amcor plc		286		2,666
Avery Dennison Corp.		15		1,717
Ball Corp.		58		4,087
International Paper Co.		69		2,550
Packaging Corp. of America		17		1,541
Sealed Air Corp.		28		849
Westrock Co.		46		1,529
				14,939
Distributors - 0.0%(a)
Genuine Parts Co.		25		2,181
LKQ Corp.*		54		1,597
				3,778
Diversified Consumer Services - 0.0%(a)
H&R Block, Inc.		36		744
Diversified Financial Services - 0.2%
Berkshire Hathaway, Inc., Class B*		343		70,775
Diversified Telecommunication Services - 0.3%
AT&T, Inc.		1,281		45,117
CenturyLink, Inc.		174		2,100
Verizon Communications, Inc.		725		39,266
				86,483
Electric Utilities - 0.3%
Alliant Energy Corp.		42		2,189
American Electric Power Co., Inc.		86		7,676
Duke Energy Corp.		128		11,738
Edison International		63		4,233

Entergy Corp.	36	4,209
Evergy, Inc.	40	2,614
Eversource Energy	57	4,928
Exelon Corp.	171	7,372
FirstEnergy Corp.	96	4,275
NextEra Energy, Inc.	85	21,485
Pinnacle West Capital Corp.	20	1,790
PPL Corp.	128	3,841
Southern Co. (The)	185	11,166
Xcel Energy, Inc.	92	5,733
		93,249
Electrical Equipment - 0.1%
AMETEK, Inc.	40	3,440
Eaton Corp. plc	72	6,532
Emerson Electric Co.	107	6,860
Rockwell Automation, Inc.	21	3,853
		20,685
Electronic Equipment, Instruments & Components - 0.1%
Amphenol Corp., Class A	52	4,767
CDW Corp.	25	2,855
Corning, Inc.	136	3,245
FLIR Systems, Inc.	23	977
IPG Photonics Corp.*	6	766
Keysight Technologies, Inc.*	34	3,222
TE Connectivity Ltd.	59	4,889
Zebra Technologies Corp., Class A*	9	1,899
		22,620
Energy Equipment & Services - 0.0%(a)
Baker Hughes Co.	115	1,850
Halliburton Co.	155	2,629
Helmerich & Payne, Inc.	19	701
National Oilwell Varco, Inc.	69	1,291
Schlumberger Ltd.	244	6,610
TechnipFMC plc	75	1,113
		14,194
Entertainment - 0.2%
Activision Blizzard, Inc.	134	7,789
Electronic Arts, Inc.*	51	5,170
Live Nation Entertainment, Inc.*	24	1,458
Netflix, Inc.*	76	28,046
Take-Two Interactive Software, Inc.*	20	2,150
Walt Disney Co. (The)	315	37,060
		81,673
Equity Real Estate Investment Trusts (REITs) - 0.4%
Alexandria Real Estate Equities, Inc.	21	3,190
American Tower Corp.	78	17,690
Apartment Investment & Management Co., Class A	26	1,244
AvalonBay Communities, Inc.	24	4,814
Boston Properties, Inc.	25	3,224
Crown Castle International Corp.	72	10,317
Digital Realty Trust, Inc.	37	4,444
Duke Realty Corp.	66	2,143
Equinix, Inc.	15	8,592
Equity Residential	61	4,581
Essex Property Trust, Inc.	12	3,400
Extra Space Storage, Inc.	22	2,208
Federal Realty Investment Trust	13	1,512
Healthpeak Properties, Inc.	88	2,784
Host Hotels & Resorts, Inc.	127	1,839

Hedge Replication ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Iron Mountain, Inc.		51		1,551
Kimco Realty Corp.		76		1,319
Mid-America Apartment Communities, Inc.		20		2,585
Prologis, Inc.		129		10,872
Public Storage		26		5,437
Realty Income Corp.		57		4,126
Regency Centers Corp.		30		1,723
SBA Communications Corp.		20		5,302
Simon Property Group, Inc.		53		6,523
SL Green Realty Corp.		15		1,177
UDR, Inc.		52		2,339
Ventas, Inc.		66		3,549
Vornado Realty Trust		27		1,447
Welltower, Inc.		71		5,312
Weyerhaeuser Co.		132		3,429
				128,673
Food & Staples Retailing - 0.2%
Costco Wholesale Corp.		78		21,929
Kroger Co. (The)		142		3,994
Sysco Corp.		89		5,932
Walgreens Boots Alliance, Inc.		131		5,994
Walmart, Inc.		248		26,705
				64,554
Food Products - 0.1%
Archer-Daniels-Midland Co.		98		3,690
Campbell Soup Co.		30		1,354
Conagra Brands, Inc.		86		2,295
General Mills, Inc.		106		5,194
Hershey Co. (The)		26		3,744
Hormel Foods Corp.		50		2,080
JM Smucker Co. (The)		20		2,060
Kellogg Co.		44		2,661
Kraft Heinz Co. (The)		110		2,725
Lamb Weston Holdings, Inc.		25		2,172
McCormick & Co., Inc. (Non-Voting)		22		3,216
Mondelez International, Inc., Class A		253		13,358
Tyson Foods, Inc., Class A		52		3,527
				48,076
Gas Utilities - 0.0%(a)
Atmos Energy Corp.		21		2,168
Health Care Equipment & Supplies - 0.5%
Abbott Laboratories		309		23,802
ABIOMED, Inc.*		7		1,052
Align Technology, Inc.*		13		2,839
Baxter International, Inc.		89		7,429
Becton Dickinson and Co.		47		11,177
Boston Scientific Corp.*		245		9,161
Cooper Cos., Inc. (The)		8		2,597
Danaher Corp.		112		16,193
DENTSPLY SIRONA, Inc.		39		1,920
Edwards Lifesciences Corp.*		37		7,579
Hologic, Inc.*		47		2,215
IDEXX Laboratories, Inc.*		15		3,818
Intuitive Surgical, Inc.*		21		11,213
Medtronic plc		235		23,657
ResMed, Inc.		25		3,974
STERIS plc		15		2,379
Stryker Corp.		57		10,864
Teleflex, Inc.		7		2,345

Varian Medical Systems, Inc.*	16	1,967
Zimmer Biomet Holdings, Inc.	37	5,038
		151,219
Health Care Providers & Services - 0.4%
AmerisourceBergen Corp.	26	2,192
Anthem, Inc.	44	11,312
Cardinal Health, Inc.	52	2,710
Centene Corp.*	102	5,408
Cigna Corp.	66	12,074
CVS Health Corp.	229	13,552
DaVita, Inc.*	16	1,242
HCA Healthcare, Inc.	46	5,843
Henry Schein, Inc.*	25	1,524
Humana, Inc.	23	7,353
Laboratory Corp. of America Holdings*	17	2,987
McKesson Corp.	31	4,336
Quest Diagnostics, Inc.	23	2,439
UnitedHealth Group, Inc.	167	42,578
Universal Health Services, Inc., Class B	14	1,732
		117,282
Health Care Technology - 0.0%(a)
Cerner Corp.	55	3,810
Hotels, Restaurants & Leisure - 0.2%
Carnival Corp.	71	2,376
Chipotle Mexican Grill, Inc.*	5	3,868
Darden Restaurants, Inc.	22	2,145
Hilton Worldwide Holdings, Inc.	49	4,763
Las Vegas Sands Corp.	59	3,440
Marriott International, Inc., Class A	48	5,952
McDonald's Corp.	132	25,630
MGM Resorts International	91	2,235
Norwegian Cruise Line Holdings Ltd.*	38	1,416
Royal Caribbean Cruises Ltd.	30	2,412
Starbucks Corp.	206	16,157
Wynn Resorts Ltd.	17	1,836
Yum! Brands, Inc.	52	4,641
		76,871
Household Durables - 0.1%
DR Horton, Inc.	59	3,143
Garmin Ltd.	25	2,210
Leggett & Platt, Inc.	24	952
Lennar Corp., Class A	49	2,957
Mohawk Industries, Inc.*	10	1,211
Newell Brands, Inc.	68	1,049
NVR, Inc.*	1	3,667
PulteGroup, Inc.	46	1,849
Whirlpool Corp.	10	1,279
		18,317
Household Products - 0.2%
Church & Dwight Co., Inc.	43	2,989
Clorox Co. (The)	22	3,507
Colgate-Palmolive Co.	150	10,136
Kimberly-Clark Corp.	60	7,871
Procter & Gamble Co. (The)	437	49,482
		73,985
Independent Power and Renewable Electricity Producers - 0.0%(a)
AES Corp.	118	1,974
NRG Energy, Inc.	45	1,495
		3,469

Hedge Replication ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Industrial Conglomerates - 0.2%
3M Co.		101		15,073
General Electric Co.		1,533		16,679
Honeywell International, Inc.		126		20,434
Roper Technologies, Inc.		19		6,682
				58,868
Insurance - 0.3%
Aflac, Inc.		128		5,485
Allstate Corp. (The)		57		5,999
American International Group, Inc.		153		6,450
Aon plc		41		8,528
Arthur J Gallagher & Co.		32		3,120
Assurant, Inc.		10		1,206
Chubb Ltd.		80		11,602
Cincinnati Financial Corp.		26		2,424
Everest Re Group Ltd.		7		1,735
Globe Life, Inc.		18		1,668
Hartford Financial Services Group, Inc. (The)		63		3,147
Lincoln National Corp.		35		1,589
Loews Corp.		45		2,053
Marsh & McLennan Cos., Inc.		88		9,201
MetLife, Inc.		138		5,895
Principal Financial Group, Inc.		45		1,998
Progressive Corp. (The)		103		7,535
Prudential Financial, Inc.		70		5,282
Travelers Cos., Inc. (The)		45		5,391
Unum Group		38		886
Willis Towers Watson plc		22		4,164
WR Berkley Corp.		25		1,679
				97,037
Interactive Media & Services - 0.7%
Alphabet, Inc., Class A*		52		69,641
Alphabet, Inc., Class C*		52		69,645
Facebook, Inc., Class A*		422		81,222
Twitter, Inc.*		137		4,549
				225,057
Internet & Direct Marketing Retail - 0.5%
Amazon.com, Inc.*		73		137,514
Booking Holdings, Inc.*		7		11,870
eBay, Inc.		135		4,676
Expedia Group, Inc.		24		2,367
				156,427
IT Services - 0.7%
Accenture plc, Class A		112		20,226
Akamai Technologies, Inc.*		28		2,422
Alliance Data Systems Corp.		7		601
Automatic Data Processing, Inc.		75		11,606
Broadridge Financial Solutions, Inc.		21		2,192
Cognizant Technology Solutions Corp., Class A		97		5,910
DXC Technology Co.		46		1,109
Fidelity National Information Services, Inc.		108		15,090
Fiserv, Inc.*		100		10,936
FleetCor Technologies, Inc.*		16		4,253
Gartner, Inc.*		16		2,070
Global Payments, Inc.		52		9,566
International Business Machines Corp.		155		20,173
Jack Henry & Associates, Inc.		14		2,124
Leidos Holdings, Inc.		23		2,361

Mastercard, Inc., Class A	156	45,279
Paychex, Inc.	56	4,339
PayPal Holdings, Inc.*	205	22,138
VeriSign, Inc.*	18	3,416
Visa, Inc., Class A	300	54,528
Western Union Co. (The)	74	1,657
		241,996
Leisure Products - 0.0%(a)
Hasbro, Inc.	22	1,700
Life Sciences Tools & Services - 0.1%
Agilent Technologies, Inc.	53	4,085
Illumina, Inc.*	25	6,642
IQVIA Holdings, Inc.*	31	4,324
Mettler-Toledo International, Inc.*	4	2,807
PerkinElmer, Inc.	20	1,729
Thermo Fisher Scientific, Inc.	70	20,356
Waters Corp.*	12	2,338
		42,281
Machinery - 0.2%
Caterpillar, Inc.	97	12,051
Cummins, Inc.	26	3,934
Deere & Co.	54	8,450
Dover Corp.	25	2,568
Flowserve Corp.	22	884
Fortive Corp.	52	3,596
IDEX Corp.	14	2,072
Illinois Tool Works, Inc.	51	8,557
Ingersoll-Rand plc	42	5,420
PACCAR, Inc.	61	4,081
Parker-Hannifin Corp.	22	4,065
Pentair plc	30	1,182
Snap-on, Inc.	9	1,303
Stanley Black & Decker, Inc.	26	3,736
Westinghouse Air Brake Technologies Corp.	33	2,267
Xylem, Inc.	31	2,397
		66,563
Media - 0.2%
Charter Communications, Inc., Class A*	27	13,316
Comcast Corp., Class A	796	32,182
Discovery, Inc., Class A*	28	720
Discovery, Inc., Class C*	60	1,506
DISH Network Corp., Class A*	46	1,542
Fox Corp., Class A	63	1,937
Fox Corp., Class B	29	883
Interpublic Group of Cos., Inc. (The)	69	1,474
News Corp., Class A	70	845
News Corp., Class B	23	286
Omnicom Group, Inc.	38	2,633
ViacomCBS, Inc.	96	2,362
		59,686
Metals & Mining - 0.0%(a)
Freeport-McMoRan, Inc.	257	2,560
Newmont Corp.	144	6,427
Nucor Corp.	53	2,191
		11,178
Multiline Retail - 0.1%
Dollar General Corp.	45	6,764
Dollar Tree, Inc.*	41	3,404
Kohl's Corp.	28	1,096

Hedge Replication ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Macy's, Inc.		55		728
Nordstrom, Inc.		19		659
Target Corp.		89		9,167
				21,818
Multi-Utilities - 0.1%
Ameren Corp.		43		3,397
CenterPoint Energy, Inc.		89		2,049
CMS Energy Corp.		50		3,021
Consolidated Edison, Inc.		58		4,572
Dominion Energy, Inc.		144		11,258
DTE Energy Co.		34		3,797
NiSource, Inc.		67		1,810
Public Service Enterprise Group, Inc.		88		4,515
Sempra Energy		49		6,849
WEC Energy Group, Inc.		54		4,986
				46,254
Oil, Gas & Consumable Fuels - 0.4%
Apache Corp.		67		1,670
Cabot Oil & Gas Corp.		73		1,017
Chevron Corp.		331		30,895
Cimarex Energy Co.		19		628
Concho Resources, Inc.		36		2,449
ConocoPhillips		192		9,297
Devon Energy Corp.		69		1,121
Diamondback Energy, Inc.		28		1,736
EOG Resources, Inc.		102		6,452
Exxon Mobil Corp.		742		38,168
Hess Corp.		45		2,528
HollyFrontier Corp.		27		909
Kinder Morgan, Inc.		343		6,575
Marathon Oil Corp.		142		1,176
Marathon Petroleum Corp.		114		5,406
Noble Energy, Inc.		86		1,361
Occidental Petroleum Corp.		158		5,173
ONEOK, Inc.		72		4,804
Phillips 66		79		5,914
Pioneer Natural Resources Co.		29		3,561
Valero Energy Corp.		71		4,704
Williams Cos., Inc. (The)		214		4,077
				139,621
Personal Products - 0.0%(a)
Coty, Inc., Class A		54		499
Estee Lauder Cos., Inc. (The), Class A		39		7,160
				7,659
Pharmaceuticals - 0.6%
Allergan plc		58		11,059
Bristol-Myers Squibb Co.		411		24,274
Eli Lilly & Co.		148		18,667
Johnson & Johnson		461		61,995
Merck & Co., Inc.		446		34,146
Mylan NV*		91		1,564
Perrigo Co. plc		23		1,166
Pfizer, Inc.		970		32,417
Zoetis, Inc.		83		11,058
				196,346
Professional Services - 0.0%(a)
Equifax, Inc.		22		3,125
IHS Markit Ltd.		70		4,987
Nielsen Holdings plc		64		1,165
Robert Half International, Inc.		21		1,059

Verisk Analytics, Inc.	28	4,343
		14,679
Real Estate Management & Development - 0.0%(a)
CBRE Group, Inc., Class A*	59	3,312
Road & Rail - 0.1%
CSX Corp.	136	9,581
JB Hunt Transport Services, Inc.	15	1,447
Kansas City Southern	18	2,712
Norfolk Southern Corp.	46	8,388
Old Dominion Freight Line, Inc.	10	1,938
Union Pacific Corp.	122	19,497
		43,563
Semiconductors & Semiconductor Equipment - 0.6%
Advanced Micro Devices, Inc.*	195	8,869
Analog Devices, Inc.	65	7,088
Applied Materials, Inc.	162	9,415
Broadcom, Inc.	69	18,811
Intel Corp.	762	42,306
KLA Corp.	27	4,150
Lam Research Corp.	25	7,336
Maxim Integrated Products, Inc.	47	2,614
Microchip Technology, Inc.	42	3,810
Micron Technology, Inc.*	194	10,197
NVIDIA Corp.	107	28,897
Qorvo, Inc.*	21	2,112
QUALCOMM, Inc.	200	15,660
Skyworks Solutions, Inc.	29	2,905
Texas Instruments, Inc.	163	18,605
Xilinx, Inc.	44	3,674
		186,449
Software - 1.0%
Adobe, Inc.*	85	29,335
ANSYS, Inc.*	15	3,633
Autodesk, Inc.*	38	7,254
Cadence Design Systems, Inc.*	49	3,241
Citrix Systems, Inc.	22	2,275
Fortinet, Inc.*	24	2,450
Intuit, Inc.	46	12,229
Microsoft Corp.	1,337	216,607
NortonLifeLock, Inc.	103	1,960
Oracle Corp.	381	18,844
salesforce.com, Inc.*	156	26,582
ServiceNow, Inc.*	34	11,087
Synopsys, Inc.*	26	3,586
		339,083
Specialty Retail - 0.3%
Advance Auto Parts, Inc.	12	1,596
AutoZone, Inc.*	4	4,130
Best Buy Co., Inc.	40	3,026
CarMax, Inc.*	28	2,445
Gap, Inc. (The)	39	559
Home Depot, Inc. (The)	191	41,608
L Brands, Inc.	43	931
Lowe's Cos., Inc.	134	14,280
O'Reilly Automotive, Inc.*	14	5,162
Ross Stores, Inc.	64	6,962
Tiffany & Co.	19	2,538
TJX Cos., Inc. (The)	213	12,737
Tractor Supply Co.	21	1,859
Ulta Beauty, Inc.*	9	2,314
		100,147

Hedge Replication ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Technology Hardware, Storage & Peripherals - 0.6%
Apple, Inc.		731		199,826
Hewlett Packard Enterprise Co.		229		2,929
HP, Inc.		261		5,426
NetApp, Inc.		40		1,869
Seagate Technology plc		40		1,918
Western Digital Corp.		53		2,945
Xerox Holdings Corp.		33		1,062
				215,975
Textiles, Apparel & Luxury Goods - 0.1%
Capri Holdings Ltd.*		27		697
Hanesbrands, Inc.		66		874
NIKE, Inc., Class B		218		19,485
PVH Corp.		13		963
Ralph Lauren Corp.		8		844
Tapestry, Inc.		49		1,149
Under Armour, Inc., Class A*		35		497
Under Armour, Inc., Class C*		36		449
VF Corp.		58		4,176
				29,134
Tobacco - 0.1%
Altria Group, Inc.		327		13,201
Philip Morris International, Inc.		272		22,269
				35,470
Trading Companies & Distributors - 0.0%(a)
Fastenal Co.		101		3,456
United Rentals, Inc.*		13		1,722
WW Grainger, Inc.		7		1,943
				7,121
Water Utilities - 0.0%(a)
American Water Works Co., Inc.		31		3,833
Wireless Telecommunication Services - 0.0%(a)
T-Mobile US, Inc.*		56		5,049
TOTAL COMMON STOCKS (Cost $4,089,257)				4,287,981

	Number of Rights
RIGHTS - 0.0%
Biotechnology - 0.0%
Tobira Therapeutics, Inc., CVR*(c)(d)  (Cost $–)		10	—

	Shares
SECURITIES LENDING REINVESTMENTS(e) - 0.0%(a)
INVESTMENT COMPANIES - 0.0%(a)
BlackRock Liquidity FedFund, Institutional Class 1.49% (Cost $1,996)		1,996	1,996

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 82.0%
REPURCHASE AGREEMENTS(f) - 14.1%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $4,738,155  (Cost $4,737,529)		4,737,529	4,737,529
U.S. TREASURY OBLIGATIONS - 67.9%
U.S. Treasury Bills
1.53%, 5/7/2020(g) (Cost $22,834,902)		22,900,000	22,848,195
TOTAL SHORT-TERM INVESTMENTS (Cost $27,572,431)			27,585,724
Total Investments - 94.7%  (Cost $31,663,684)			31,875,701
Other Assets Less Liabilities - 5.3%			1,769,844
Net Assets - 100.0%			33,645,545

Hedge Replication ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

*	Non-income producing security.
(a)	Represents less than 0.05% of net assets.
(b)	The security or a portion of this security is on loan at February 29, 2020. The total value of securities on loan at February 29, 2020 was $1,916, collateralized in the form of cash with a value of $1,996 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments.
(c)	Security fair valued as of February 29, 2020 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at February 29, 2020 amounted to $0, which represents approximately 0.00% of net assets of the Fund.
(d)	Illiquid security.
(e)	The security was purchased with cash collateral held from securities on loan at February 29, 2020. The total value of securities purchased was $1,996.
(f)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(g)	The rate shown was the current yield as of February 29, 2020.

Abbreviations
CVR	Contingent Value Rights - No defined expiration

Hedge Replication ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Futures Contracts Sold

Hedge Replication ETF had the following open short futures contracts as of February 29, 2020:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
E-Mini Euro		1	3/16/2020	USD	$	69,056	$	1,017

Swap Agreements

Hedge Replication ETF had the following open non-exchange traded total return swap agreements as of February 29, 2020:

Notional Amount ($)		Termination Date(1)		Counterparty	Rate Paid (Received)(2)			Underlying Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	41,359		11/8/2021	Credit Suisse International		1.92	%	S&P 500® Total Return Index		(1,687	)
	612,048		11/8/2021	Credit Suisse International		1.42	%	iShares® MSCI Emerging Markets ETF(3)		(46,389	)
	1,842,403		11/8/2021	Credit Suisse International		1.37	%	iShares® MSCI EAFE ETF(3)		(153,457	)
	2,535,030		11/8/2021	Credit Suisse International		1.82	%	Russell 2000® Total Return Index		(213,403	)
	86,222		11/6/2020	Morgan Stanley & Co. International plc		2.17	%	S&P 500® Total Return Index		4,917
	234,384		12/7/2020	Morgan Stanley & Co. International plc		1.82	%	iShares® MSCI Emerging Markets ETF(3)		92,492
	1,476		1/6/2021	Societe Generale		1.67	%	Russell 2000® Total Return Index		(114	)
	237,265		1/6/2021	Societe Generale		1.92	%	iShares® MSCI Emerging Markets ETF(3)		(25,954	)
	288,940		1/6/2021	Societe Generale		2.27	%	iShares® MSCI EAFE ETF(3)		(35,016	)
	2,953		11/8/2021	UBS AG		1.67	%	Russell 2000® Total Return Index		(228	)
	566,532		11/8/2021	UBS AG		1.47	%	iShares® MSCI Emerging Markets ETF(3)		(22,894	)
	602,049		11/8/2021	UBS AG		1.67	%	iShares® MSCI EAFE ETF(3)		(46,501	)
	7,050,661									(448,234	)
								Total Unrealized Appreciation		97,409
								Total Unrealized Depreciation		(545,643	)

(1) Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

(2) Reflects the floating financing rate, as of February 29, 2020, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

(3) In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.

Abbreviations
USD	U.S. Dollar

High Yield-Interest Rate Hedged  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)

Investments	Principal Amount ($)		Value ($)
CORPORATE BONDS - 96.3%
Aerospace & Defense - 4.0%
Bombardier, Inc.
7.50%, 3/15/2025(a)		1,610,000		1,589,875
7.88%, 4/15/2027(a)		150,000		148,875
SSL Robotics LLC
9.75%, 12/31/2023(a)		210,000		223,188
TransDigm, Inc.
6.25%, 3/15/2026(a)		1,903,000		2,014,806
5.50%, 11/15/2027(a)		349,000		348,564
				4,325,308
Air Freight & Logistics - 0.8%
XPO Logistics, Inc.
6.50%, 6/15/2022(a)		400,000		399,760
6.75%, 8/15/2024(a)		475,000		501,125
				900,885
Auto Components - 3.2%
Allison Transmission, Inc.
5.00%, 10/1/2024(a)		580,000		586,502
Goodyear Tire & Rubber Co. (The)
5.13%, 11/15/2023		614,000		609,211
Icahn Enterprises LP
6.25%, 2/1/2022		680,000		691,642
6.25%, 5/15/2026		150,000		153,766
Panther BF Aggregator 2 LP
6.25%, 5/15/2026(a)		500,000		513,600
8.50%, 5/15/2027(a)		902,000		916,702
				3,471,423
Automobiles - 0.7%
Tesla, Inc.
5.30%, 8/15/2025(a)		766,000		765,042
Capital Markets - 0.3%
MSCI, Inc.
4.00%, 11/15/2029(a)		350,000		362,705
Chemicals - 1.0%
NOVA Chemicals Corp.
4.88%, 6/1/2024(a)		505,000		487,744
5.25%, 6/1/2027(a)		675,000		641,466
				1,129,210
Commercial Services & Supplies - 2.5%
Allied Universal Holdco LLC
6.63%, 7/15/2026(a)		450,000		471,937
9.75%, 7/15/2027(a)		488,000		518,598
Aramark Services, Inc.
5.00%, 2/1/2028(a)		500,000		522,500
Intrado Corp.
8.50%, 10/15/2025(a)		611,000		410,897
Prime Security Services Borrower LLC
5.75%, 4/15/2026(a)		554,000		570,454
6.25%, 1/15/2028(a)		200,000		192,700
				2,687,086
Communications Equipment - 1.1%
CommScope Technologies LLC
6.00%, 6/15/2025(a)		1,057,000		990,937
CommScope, Inc.
6.00%, 3/1/2026(a)		183,000		187,837
				1,178,774

Construction & Engineering - 0.3%
Brand Industrial Services, Inc.
8.50%, 7/15/2025(a)	317,000	307,094
Consumer Finance - 2.1%
Ally Financial, Inc.
5.75%, 11/20/2025	419,000	470,671
Navient Corp.
6.50%, 6/15/2022	385,000	401,363
Springleaf Finance Corp.
6.13%, 3/15/2024	254,000	267,675
7.13%, 3/15/2026	1,044,000	1,158,840
		2,298,549
Containers & Packaging - 1.8%
Ball Corp.
5.25%, 7/1/2025	466,000	508,033
Mauser Packaging Solutions Holding Co.
5.50%, 4/15/2024(a)	91,000	90,632
7.25%, 4/15/2025(a)	789,000	764,691
Reynolds Group Issuer, Inc.
5.13%, 7/15/2023(a)	615,000	621,150
		1,984,506
Distributors - 0.5%
Performance Food Group, Inc.
5.50%, 10/15/2027(a)	528,000	557,040
Diversified Financial Services - 2.2%
MPH Acquisition Holdings LLC
7.13%, 6/1/2024(a)	661,000	614,875
Refinitiv US Holdings, Inc.
6.25%, 5/15/2026(a)	295,000	316,668
8.25%, 11/15/2026(a)	829,000	912,729
Verscend Escrow Corp.
9.75%, 8/15/2026(a)	460,000	500,227
		2,344,499
Diversified Telecommunication Services - 4.1%
CCO Holdings LLC
5.13%, 5/1/2027(a)	1,494,000	1,553,312
4.75%, 3/1/2030(a)	500,000	514,062
CenturyLink, Inc.
5.13%, 12/15/2026(a)	773,000	778,797
Frontier Communications Corp.
10.50%, 9/15/2022	859,000	389,771
11.00%, 9/15/2025	1,793,000	820,298
Level 3 Financing, Inc.
4.63%, 9/15/2027(a)	421,000	429,420
		4,485,660
Electric Utilities - 1.5%
Vistra Operations Co. LLC
5.63%, 2/15/2027(a)	813,000	833,325
5.00%, 7/31/2027(a)	800,000	808,000
		1,641,325
Energy Equipment & Services - 0.6%
Weatherford International Ltd.
11.00%, 12/1/2024(a)	630,000	602,532
Entertainment - 1.9%
Netflix, Inc.
4.88%, 4/15/2028	983,000	1,034,814
5.88%, 11/15/2028	953,000	1,071,458
		2,106,272

High Yield-Interest Rate Hedged  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)

Investments	Principal Amount ($)		Value ($)
Equity Real Estate Investment Trusts (REITs) - 5.3%
Brookfield Property REIT, Inc.
5.75%, 5/15/2026(a)		832,000		822,640
ESH Hospitality, Inc.
5.25%, 5/1/2025(a)		232,000		233,353
Iron Mountain, Inc.
4.88%, 9/15/2027(a)		606,000		613,575
4.88%, 9/15/2029(a)		794,000		786,870
MGM Growth Properties Operating Partnership LP
5.63%, 5/1/2024		611,000		661,407
SBA Communications Corp.
4.88%, 9/1/2024		947,000		972,455
Uniti Group LP
8.25%, 10/15/2023		966,000		898,380
7.88%, 2/15/2025(a)		150,000		154,620
VICI Properties LP
4.25%, 12/1/2026(a)		350,000		353,535
4.13%, 8/15/2030(a)		220,000		220,275
				5,717,110
Food & Staples Retailing - 1.1%
Albertsons Cos., Inc.
6.63%, 6/15/2024		402,000		413,055
4.63%, 1/15/2027(a)		300,000		295,140
Rite Aid Corp.
6.13%, 4/1/2023(a)		487,000		446,214
				1,154,409
Food Products - 2.4%
JBS USA LUX SA
6.50%, 4/15/2029(a)		150,000		162,705
5.50%, 1/15/2030(a)		550,000		577,786
NBM US Holdings, Inc.
7.00%, 5/14/2026(a)		350,000		365,750
Post Holdings, Inc.
5.00%, 8/15/2026(a)		1,143,000		1,165,517
5.75%, 3/1/2027(a)		300,000		312,194
				2,583,952
Health Care Providers & Services - 7.5%
Community Health Systems, Inc.
6.25%, 3/31/2023		1,973,000		1,958,203
8.00%, 3/15/2026(a)		200,000		206,540
DaVita, Inc.
5.00%, 5/1/2025		700,000		710,325
Envision Healthcare Corp.
8.75%, 10/15/2026(a)		690,000		365,220
HCA, Inc.
5.63%, 9/1/2028		1,170,000		1,326,054
3.50%, 9/1/2030		750,000		734,715
MEDNAX, Inc.
6.25%, 1/15/2027(a)		150,000		143,993
RegionalCare Hospital Partners Holdings, Inc.
9.75%, 12/1/2026(a)		576,000		615,571
Select Medical Corp.
6.25%, 8/15/2026(a)		423,000		451,024
Tenet Healthcare Corp.
6.75%, 6/15/2023		1,235,000		1,327,131
4.88%, 1/1/2026(a)		300,000		305,625
				8,144,401
Health Care Technology - 1.2%
IQVIA, Inc.
5.00%, 10/15/2026(a)		717,000		739,661
5.00%, 5/15/2027(a)		540,000		558,225
				1,297,886

Hotels, Restaurants & Leisure - 7.7%
1011778 BC ULC
4.25%, 5/15/2024(a)	1,656,000	1,657,573
5.00%, 10/15/2025(a)	786,000	791,974
Boyd Gaming Corp.
4.75%, 12/1/2027(a)	409,000	403,941
Caesars Resort Collection LLC
5.25%, 10/15/2025(a)	566,000	555,823
Golden Nugget, Inc.
6.75%, 10/15/2024(a)	366,000	359,485
Hilton Domestic Operating Co., Inc.
5.13%, 5/1/2026	949,000	974,243
4.88%, 1/15/2030	370,000	383,413
KFC Holding Co.
5.00%, 6/1/2024(a)	130,000	131,024
5.25%, 6/1/2026(a)	566,000	578,741
MGM Resorts International
5.50%, 4/15/2027	450,000	485,865
Scientific Games International, Inc.
5.00%, 10/15/2025(a)	715,000	716,788
8.25%, 3/15/2026(a)	637,000	654,326
Six Flags Entertainment Corp.
4.88%, 7/31/2024(a)	666,000	657,342
		8,350,538
Household Products - 0.6%
Spectrum Brands, Inc.
5.75%, 7/15/2025	676,000	692,900
Independent Power and Renewable Electricity Producers - 1.1%
Calpine Corp.
4.50%, 2/15/2028(a)	500,000	479,600
5.13%, 3/15/2028(a)	557,000	523,580
NRG Energy, Inc.
6.63%, 1/15/2027	198,000	206,439
		1,209,619
Insurance - 0.4%
HUB International Ltd.
7.00%, 5/1/2026(a)	462,000	466,597
Interactive Media & Services - 0.6%
Rackspace Hosting, Inc.
8.63%, 11/15/2024(a)(b)	686,000	656,845
IT Services - 2.2%
Banff Merger Sub, Inc.
9.75%, 9/1/2026(a)	650,000	653,217
Exela Intermediate LLC
10.00%, 7/15/2023(a)(b)	1,008,000	337,680
Zayo Group LLC
6.00%, 4/1/2023	172,000	175,655
5.75%, 1/15/2027(a)	1,228,000	1,255,630
		2,422,182
Leisure Products - 0.6%
Mattel, Inc.
6.75%, 12/31/2025(a)	588,000	617,959
Life Sciences Tools & Services - 1.2%
Avantor, Inc.
6.00%, 10/1/2024(a)	56,000	58,777
9.00%, 10/1/2025(a)	1,193,000	1,302,040
		1,360,817

High Yield-Interest Rate Hedged  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)

Investments	Principal Amount ($)		Value ($)
Machinery - 0.6%
Navistar International Corp.
6.63%, 11/1/2025(a)		623,000		645,322
Media - 10.3%
AMC Networks, Inc.
5.00%, 4/1/2024		600,000		603,000
Clear Channel Worldwide Holdings, Inc.
9.25%, 2/15/2024(a)		773,000		821,954
5.13%, 8/15/2027(a)		498,000		499,355
CSC Holdings LLC
6.50%, 2/1/2029(a)		453,000		500,520
5.75%, 1/15/2030(a)		1,000,000		1,057,500
Diamond Sports Group LLC
5.38%, 8/15/2026(a)		1,000,000		922,020
6.63%, 8/15/2027(a)(b)		1,016,000		819,556
DISH DBS Corp.
7.75%, 7/1/2026		1,121,000		1,204,582
iHeartCommunications, Inc.
8.38%, 5/1/2027		660,000		716,727
Meredith Corp.
6.88%, 2/1/2026		730,000		731,971
Nexstar Broadcasting, Inc.
5.63%, 7/15/2027(a)		594,000		614,820
Sirius XM Radio, Inc.
4.63%, 7/15/2024(a)		350,000		360,832
5.00%, 8/1/2027(a)		792,000		825,763
TEGNA, Inc.
4.63%, 3/15/2028(a)		150,000		145,222
5.00%, 9/15/2029(a)		950,000		938,125
Terrier Media Buyer, Inc.
8.88%, 12/15/2027(a)		466,000		462,505
				11,224,452
Metals & Mining - 2.3%
First Quantum Minerals Ltd.
7.25%, 4/1/2023(a)		712,000		683,520
7.50%, 4/1/2025(a)		506,000		480,700
Novelis Corp.
5.88%, 9/30/2026(a)		732,000		756,050
4.75%, 1/30/2030(a)		638,000		629,227
				2,549,497
Oil, Gas & Consumable Fuels - 5.0%
Cheniere Energy Partners LP
5.25%, 10/1/2025		350,000		350,766
4.50%, 10/1/2029(a)		1,162,000		1,113,916
Chesapeake Energy Corp.
11.50%, 1/1/2025(a)		500,000		285,000
CrownRock LP
5.63%, 10/15/2025(a)		746,000		718,025
Endeavor Energy Resources LP
5.75%, 1/30/2028(a)		454,000		443,649
Matador Resources Co.
5.88%, 9/15/2026		550,000		492,250
MEG Energy Corp.
7.13%, 2/1/2027(a)		500,000		471,635
PBF Holding Co. LLC
6.00%, 2/15/2028(a)		500,000		493,750
Targa Resources Partners LP
5.88%, 4/15/2026		959,000		987,866
5.50%, 3/1/2030(a)		100,000		98,970
				5,455,827

Pharmaceuticals - 3.1%
Bausch Health Cos., Inc.
7.00%, 3/15/2024(a)	500,000	514,790
6.13%, 4/15/2025(a)	1,593,000	1,624,382
Endo Dac
6.00%, 7/15/2023(a)	737,000	578,619
Par Pharmaceutical, Inc.
7.50%, 4/1/2027(a)	630,000	665,280
		3,383,071
Professional Services - 0.6%
Jaguar Holding Co. II
6.38%, 8/1/2023(a)	616,000	635,638
Real Estate Management & Development - 0.5%
Howard Hughes Corp. (The)
5.38%, 3/15/2025(a)	569,000	575,942
Road & Rail - 1.0%
Uber Technologies, Inc.
8.00%, 11/1/2026(a)	690,000	717,845
7.50%, 9/15/2027(a)	323,000	336,727
		1,054,572
Software - 3.0%
Change Healthcare Holdings LLC
5.75%, 3/1/2025(a)	525,000	530,906
Infor US, Inc.
6.50%, 5/15/2022	680,000	680,979
NortonLifeLock, Inc.
5.00%, 4/15/2025(a)	150,000	152,016
Solera LLC
10.50%, 3/1/2024(a)	936,000	989,586
SS&C Technologies, Inc.
5.50%, 9/30/2027(a)	923,000	966,566
		3,320,053
Specialty Retail - 2.4%
PetSmart, Inc.
7.13%, 3/15/2023(a)	924,000	900,623
5.88%, 6/1/2025(a)	234,000	235,474
Staples, Inc.
7.50%, 4/15/2026(a)	1,000,000	996,252
10.75%, 4/15/2027(a)	500,000	478,600
		2,610,949
Technology Hardware, Storage & Peripherals - 1.2%
Dell International LLC
5.88%, 6/15/2021(a)	703,000	707,183
7.13%, 6/15/2024(a)	242,000	253,192
Xerox Corp.
4.12%, 3/15/2023(c)	291,000	296,733
		1,257,108
Thrifts & Mortgage Finance - 1.0%
Quicken Loans, Inc.
5.75%, 5/1/2025(a)	350,000	358,603
5.25%, 1/15/2028(a)	668,000	691,180
		1,049,783
Trading Companies & Distributors - 2.6%
Beacon Roofing Supply, Inc.
4.88%, 11/1/2025(a)	702,000	677,220
Herc Holdings, Inc.
5.50%, 7/15/2027(a)	500,000	518,700
United Rentals North America, Inc.
6.50%, 12/15/2026	237,000	252,713

High Yield-Interest Rate Hedged  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)

Investments	Principal Amount ($)		Value ($)
4.88%, 1/15/2028		1,334,000		1,369,084
				2,817,717
Wireless Telecommunication Services - 2.2%
Sprint Corp.
7.63%, 3/1/2026		359,000		423,516
7.25%, 2/1/2028(a)		400,000		400,960
T-Mobile USA, Inc.
6.50%, 1/15/2026		1,278,000		1,345,478
4.75%, 2/1/2028		244,000		254,065
				2,424,019
TOTAL CORPORATE BONDS (Cost $106,642,721)				104,827,075

	Shares
SECURITIES LENDING REINVESTMENTS(d) - 1.1%
INVESTMENT COMPANIES - 1.1%
BlackRock Liquidity FedFund, Institutional Class 1.49% (Cost $1,159,350)		1,159,350	1,159,350

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 0.2%
REPURCHASE AGREEMENTS(e) - 0.2%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $210,834 (Cost $210,806)		210,806	210,806
Total Investments - 97.6%  (Cost $108,012,877)			106,197,231
Other Assets Less Liabilities - 2.4%			2,659,332
Net Assets - 100.0%			108,856,563

(a)	Securities exempt from registration under Rule 144A or section 4(2), of the Securities Act of 1933. Under procedures approved by the Board of Trustees, such securities have been determined to be liquid by the investment adviser and may be resold, normally to qualified institutional buyers in transactions exempt from registration.
(b)	The security or a portion of this security is on loan at February 29, 2020. The total value of securities on loan at February 29, 2020 was $1,095,069, collateralized in the form of cash with a value of $1,159,350 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments.
(c)	Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future at a contingent upon predetermined trigger. The interest rate shown was the current rate as of February 29, 2020.
(d)	The security was purchased with cash collateral held from securities on loan at February 29, 2020. The total value of securities purchased was $1,159,350.
(e)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

High Yield-Interest Rate Hedged  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)

Futures Contracts Sold
High Yield-Interest Rate Hedged had the following open short futures contracts as of February 29, 2020:
	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Depreciation
U.S. Treasury 10 Year Note		155	6/19/2020	USD	$	20,886,250	$	(181,275	)
U.S. Treasury 2 Year Note		250	6/30/2020	USD		54,582,031		(163,463	)
U.S. Treasury 5 Year Note		342	6/30/2020	USD		41,980,500		(316,127	)
							$	(660,865	)

Abbreviations
USD	U.S. Dollar

Inflation Expectations ETF  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)

Investments	Principal Amount ($)		Value ($)
U.S. TREASURY OBLIGATIONS - 81.7%
U.S. Treasury Inflation Linked Bonds 0.25%, 2/15/2050 (Cost $6,019,970)		5,743,472		6,017,452
SHORT-TERM INVESTMENTS - 30.5%
REPURCHASE AGREEMENTS(a) - 30.5%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $2,248,306 (Cost $2,248,010)		2,248,010		2,248,010
Total Investments - 112.2%  (Cost $8,267,980)				8,265,462
Liabilities in excess of other assets - (12.2%)				(899,844	)
Net Assets - 100.0%				7,365,618

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Inflation Expectations ETF  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)

Swap Agreements

Inflation Expectations ETF had the following open non-exchange traded total return swap agreements as of February 29, 2020:

Notional Amount ($)		Termination Date(1)		Counterparty	Rate Paid (Received)(2)		Underlying Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	1,985,828		11/8/2021	Citibank NA		1.41%	FTSE 30-Year TIPS (Treasury Rate-Hedged) Index (long exposure to 30-year Treasury Inflation-Protected Securities (TIPS) bond)(3)		341,435
	4,399,079		11/8/2021	Citibank NA		1.32%	FTSE 30-Year TIPS (Treasury Rate-Hedged) Index (long exposure to 30-year Treasury Bond inverse index)(4)		(1,252,678	)
	729,504		11/8/2021	Societe Generale		1.72%	FTSE 30-Year TIPS (Treasury Rate-Hedged) Index (long exposure to 30-year Treasury Inflation-Protected Securities (TIPS) bond)(3)		72,625
	5,479,495		11/8/2021	Societe Generale		1.17%	FTSE 30-Year TIPS (Treasury Rate-Hedged) Index (long exposure to 30-year Treasury Bond inverse index)(4)		(336,504	)
	12,593,906								(1,175,122	)
							Total Unrealized Appreciation		414,060
							Total Unrealized Depreciation		(1,589,182	)

(1)	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
(2)	Reflects the floating financing rate, as of February 29, 2020, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).
(3)	See the U.S. Treasury Obligations section of the preceding Schedule of Portfolio Investments for the representative components of the underlying reference instrument and their relative weightings.
(4)	Certain underlying component disclosures related to this index may be found on the website at www.proshares.com/media/FTSE30-Year_TIPS_February.pdf.

Investment Grade-Interest Rate Hedged  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)  

Investments	Principal Amount ($)		Value ($)
CORPORATE BONDS - 96.5%
Aerospace & Defense - 1.5%
Lockheed Martin Corp.
4.07%, 12/15/2042		605,000		746,870
United Technologies Corp.
6.13%, 7/15/2038		415,000		617,727
5.70%, 4/15/2040		1,599,000		2,334,782
4.50%, 6/1/2042		75,000		96,227
				3,795,606
Air Freight & Logistics - 0.5%
United Parcel Service, Inc.
6.20%, 1/15/2038		816,000		1,197,945
Automobiles - 1.3%
Daimler Finance North America LLC
8.50%, 1/18/2031		518,000		799,729
Ford Motor Co.
7.45%, 7/16/2031		107,000		121,446
4.75%, 1/15/2043		1,500,000		1,290,182
General Motors Co.
6.25%, 10/2/2043		121,000		136,197
5.20%, 4/1/2045		1,103,000		1,100,857
				3,448,411
Banks - 30.2%
Banco Santander SA
4.25%, 4/11/2027		949,000		1,056,527
3.80%, 2/23/2028		572,000		618,531
4.38%, 4/12/2028		576,000		651,384
3.31%, 6/27/2029		760,000		819,080
Bank of America Corp.
4.45%, 3/3/2026		156,000		175,970
3.50%, 4/19/2026		463,000		505,859
4.25%, 10/22/2026		985,000		1,099,939
6.11%, 1/29/2037		976,000		1,343,044
7.75%, 5/14/2038		902,000		1,460,180
5.88%, 2/7/2042		442,000		650,155
5.00%, 1/21/2044		891,000		1,207,337
Bank of America NA
6.00%, 10/15/2036		420,000		589,381
Bank of Nova Scotia (The)
4.50%, 12/16/2025		485,000		548,052
2.70%, 8/3/2026		500,000		525,635
Barclays plc
4.38%, 1/12/2026		2,279,000		2,514,763
5.25%, 8/17/2045		140,000		177,850
4.95%, 1/10/2047		252,000		314,352
Citigroup, Inc.
5.50%, 9/13/2025		606,000		710,764
3.70%, 1/12/2026		1,595,000		1,748,062
4.60%, 3/9/2026		442,000		501,067
3.40%, 5/1/2026		691,000		748,465
4.30%, 11/20/2026		931,000		1,032,468
4.45%, 9/29/2027		2,651,000		2,993,998
5.88%, 1/30/2042		63,000		93,590
Cooperatieve Rabobank UA
3.75%, 7/21/2026		133,000		144,195
5.25%, 8/4/2045		1,925,000		2,547,566
Credit Suisse Group Funding Guernsey Ltd.
4.55%, 4/17/2026		1,803,000		2,034,181
4.88%, 5/15/2045		390,000		509,183

Fifth Third Bancorp
8.25%, 3/1/2038	523,000	871,860
HSBC Holdings plc
4.30%, 3/8/2026	617,000	685,698
3.90%, 5/25/2026	1,014,000	1,110,260
4.38%, 11/23/2026	500,000	543,341
6.50%, 5/2/2036	992,000	1,359,700
6.80%, 6/1/2038	478,000	687,191
5.25%, 3/14/2044	1,888,000	2,392,617
ING Groep NV
3.95%, 3/29/2027	2,243,000	2,513,585
4.05%, 4/9/2029	122,000	138,932
JPMorgan Chase & Co.
4.25%, 10/1/2027	455,000	514,484
6.40%, 5/15/2038	604,000	896,261
5.50%, 10/15/2040	1,476,000	2,047,085
5.60%, 7/15/2041	1,283,000	1,817,069
5.40%, 1/6/2042	748,000	1,040,602
4.95%, 6/1/2045	962,000	1,282,523
Lloyds Banking Group plc
4.58%, 12/10/2025	769,000	840,075
4.65%, 3/24/2026	204,000	223,409
3.75%, 1/11/2027	473,000	512,721
4.55%, 8/16/2028	924,000	1,062,572
4.34%, 1/9/2048	1,450,000	1,641,475
Mitsubishi UFJ Financial Group, Inc.
3.85%, 3/1/2026	2,561,000	2,847,725
2.76%, 9/13/2026	714,000	751,875
3.68%, 2/22/2027	1,646,000	1,817,404
3.29%, 7/25/2027	300,000	324,522
3.96%, 3/2/2028	300,000	338,582
4.05%, 9/11/2028	300,000	340,356
3.74%, 3/7/2029	300,000	336,596
3.75%, 7/18/2039	256,000	298,709
Mizuho Financial Group, Inc.
2.84%, 9/13/2026	419,000	442,593
3.17%, 9/11/2027	1,321,000	1,424,108
National Australia Bank Ltd.
2.50%, 7/12/2026	672,000	700,054
PNC Bank NA
4.05%, 7/26/2028	610,000	693,778
Royal Bank of Canada
4.65%, 1/27/2026	329,000	380,516
Royal Bank of Scotland Group plc
4.80%, 4/5/2026	629,000	719,222
Sumitomo Mitsui Financial Group, Inc.
3.78%, 3/9/2026	1,661,000	1,834,918
2.63%, 7/14/2026	1,584,000	1,654,106
3.01%, 10/19/2026	29,000	30,764
3.45%, 1/11/2027	426,000	465,113
3.36%, 7/12/2027	438,000	479,356
3.04%, 7/16/2029	1,143,000	1,215,135
Wells Fargo & Co.
3.55%, 9/29/2025	806,000	876,506
3.00%, 4/22/2026	1,867,000	1,978,449
4.10%, 6/3/2026	1,588,000	1,752,837
3.00%, 10/23/2026	1,299,000	1,376,035
5.38%, 11/2/2043	182,000	239,619
5.61%, 1/15/2044	28,000	38,083
4.65%, 11/4/2044	328,000	400,299
4.40%, 6/14/2046	468,000	554,642
4.75%, 12/7/2046	204,000	257,303

Investment Grade-Interest Rate Hedged  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)  

Investments	Principal Amount ($)		Value ($)
Wells Fargo Bank NA
6.60%, 1/15/2038		517,000		785,500
Westpac Banking Corp.
2.85%, 5/13/2026		1,880,000		1,988,494
2.70%, 8/19/2026		523,000		550,853
3.40%, 1/25/2028		150,000		166,878
4.42%, 7/24/2039		154,000		179,986
				77,743,954
Beverages - 1.4%
Anheuser-Busch InBev Worldwide, Inc.
4.95%, 1/15/2042		338,000		424,103
3.75%, 7/15/2042		973,000		1,045,245
Coca-Cola Co. (The)
2.88%, 10/27/2025		525,000		567,089
2.25%, 9/1/2026		768,000		810,258
Molson Coors Beverage Co.
5.00%, 5/1/2042		660,000		747,529
				3,594,224
Biotechnology - 0.6%
AbbVie, Inc.
4.40%, 11/6/2042		1,250,000		1,441,451
Capital Markets - 5.7%
Goldman Sachs Group, Inc. (The)
4.25%, 10/21/2025		4,000		4,369
6.75%, 10/1/2037		3,630,000		5,151,525
6.25%, 2/1/2041		1,563,000		2,296,052
5.15%, 5/22/2045		5,000		6,436
Jefferies Group LLC
4.15%, 1/23/2030		493,000		536,631
Morgan Stanley
5.00%, 11/24/2025		1,196,000		1,380,268
3.88%, 1/27/2026		1,785,000		1,972,944
3.13%, 7/27/2026		119,000		126,853
4.35%, 9/8/2026		569,000		636,626
3.63%, 1/20/2027		274,000		299,740
4.30%, 1/27/2045		1,336,000		1,648,601
4.38%, 1/22/2047		569,000		718,438
				14,778,483
Chemicals - 0.2%
Dow Chemical Co. (The)
7.38%, 11/1/2029		389,000		534,562
Communications Equipment - 1.1%
Cisco Systems, Inc.
5.90%, 2/15/2039		889,000		1,322,778
5.50%, 1/15/2040		1,056,000		1,536,362
				2,859,140
Consumer Finance - 1.4%
Ally Financial, Inc.
8.00%, 11/1/2031		1,086,000		1,506,879
American Express Co.
4.05%, 12/3/2042		429,000		542,023
Ford Motor Credit Co. LLC
4.39%, 1/8/2026		1,685,000		1,687,470
				3,736,372
Diversified Financial Services - 5.1%
Berkshire Hathaway, Inc.
4.50%, 2/11/2043		423,000		540,468
GE Capital International Funding Co. Unlimited Co.
3.37%, 11/15/2025		1,850,000		1,972,494
4.42%, 11/15/2035		2,385,000		2,726,479

Shell International Finance BV
2.50%, 9/12/2026	107,000	111,108
4.13%, 5/11/2035	1,150,000	1,384,732
6.38%, 12/15/2038	1,358,000	2,046,746
5.50%, 3/25/2040	440,000	610,306
4.55%, 8/12/2043	559,000	698,066
4.38%, 5/11/2045	1,842,000	2,270,007
4.00%, 5/10/2046	575,000	672,945
3.75%, 9/12/2046	115,000	131,321
		13,164,672
Diversified Telecommunication Services - 5.7%
AT&T, Inc.
5.35%, 9/1/2040	1,450,000	1,844,421
5.55%, 8/15/2041	220,000	284,720
Telefonica Emisiones SA
4.10%, 3/8/2027	237,000	263,238
7.05%, 6/20/2036	1,805,000	2,602,350
5.21%, 3/8/2047	195,000	239,593
4.90%, 3/6/2048	1,271,000	1,546,029
Verizon Communications, Inc.
4.13%, 3/16/2027	908,000	1,032,967
4.50%, 8/10/2033	1,140,000	1,397,822
4.27%, 1/15/2036	1,355,000	1,627,521
5.25%, 3/16/2037	450,000	601,141
4.13%, 8/15/2046	582,000	703,391
4.86%, 8/21/2046	1,752,000	2,312,729
4.52%, 9/15/2048	29,000	37,506
5.01%, 4/15/2049	43,000	59,356
		14,552,784
Electric Utilities - 0.9%
Duke Energy Florida LLC
6.40%, 6/15/2038	836,000	1,260,905
FirstEnergy Corp.
Series C, 7.38%, 11/15/2031	658,000	961,409
		2,222,314
Energy Equipment & Services - 0.4%
Baker Hughes a GE Co. LLC
5.13%, 9/15/2040	303,000	368,566
Halliburton Co.
7.45%, 9/15/2039	411,000	609,770
		978,336
Entertainment - 1.4%
NBCUniversal Media LLC
4.45%, 1/15/2043	1,232,000	1,515,546
TWDC Enterprises 18 Corp.
3.00%, 2/13/2026	104,000	113,013
1.85%, 7/30/2026	972,000	992,397
2.95%, 6/15/2027(a)	486,000	531,584
4.13%, 6/1/2044	292,000	366,727
		3,519,267
Equity Real Estate Investment Trusts (REITs) - 0.4%
Weyerhaeuser Co.
7.38%, 3/15/2032	680,000	987,612
Food & Staples Retailing - 0.9%
Walmart, Inc.
5.25%, 9/1/2035	387,000	544,245
6.50%, 8/15/2037	1,088,000	1,697,617
		2,241,862

Investment Grade-Interest Rate Hedged  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)  

Investments	Principal Amount ($)		Value ($)
Food Products - 0.5%
Kraft Heinz Foods Co.
5.00%, 6/4/2042		1,041,000		1,037,305
Unilever Capital Corp.
5.90%, 11/15/2032		171,000		241,287
				1,278,592
Health Care Equipment & Supplies - 0.9%
Medtronic, Inc.
4.38%, 3/15/2035		232,000		295,314
4.63%, 3/15/2045		1,486,000		2,011,011
				2,306,325
Health Care Providers & Services - 1.9%
Anthem, Inc.
4.65%, 1/15/2043		468,000		548,561
Ascension Health
3.95%, 11/15/2046		258,000		320,066
UnitedHealth Group, Inc.
3.85%, 6/15/2028		750,000		850,072
4.63%, 7/15/2035		839,000		1,048,794
6.88%, 2/15/2038		112,000		171,263
4.75%, 7/15/2045		1,476,000		1,894,112
				4,832,868
Industrial Conglomerates - 1.2%
General Electric Co.
6.75%, 3/15/2032		553,000		752,527
5.88%, 1/14/2038		560,000		728,238
6.88%, 1/10/2039		1,100,000		1,532,876
				3,013,641
Insurance - 1.3%
AXA SA
8.60%, 12/15/2030		481,000		711,279
Manulife Financial Corp.
4.15%, 3/4/2026		552,000		627,351
MetLife, Inc.
4.05%, 3/1/2045		1,751,000		2,098,237
				3,436,867
IT Services - 2.5%
International Business Machines Corp.
3.45%, 2/19/2026		87,000		95,204
3.30%, 5/15/2026		11,000		12,024
3.50%, 5/15/2029		1,657,000		1,858,889
4.15%, 5/15/2039		1,455,000		1,759,021
4.00%, 6/20/2042		1,712,000		2,033,203
4.25%, 5/15/2049		538,000		670,887
				6,429,228
Machinery - 0.4%
Caterpillar, Inc.
3.80%, 8/15/2042		978,000		1,165,166
Media - 3.2%
Comcast Corp.
4.25%, 1/15/2033		734,000		882,925
6.50%, 11/15/2035		38,000		57,237
4.65%, 7/15/2042		817,000		1,025,182
4.75%, 3/1/2044		803,000		1,036,852
Time Warner Cable LLC
6.55%, 5/1/2037		425,000		553,338
7.30%, 7/1/2038		927,000		1,269,847
6.75%, 6/15/2039		1,187,000		1,537,495
Time Warner Entertainment Co. LP
8.38%, 7/15/2033		136,000		200,098

ViacomCBS, Inc.
6.88%, 4/30/2036	35,000	47,881
4.38%, 3/15/2043	1,495,000	1,605,478
		8,216,333
Metals & Mining - 3.3%
BHP Billiton Finance USA Ltd.
4.13%, 2/24/2042	1,786,000	2,188,081
5.00%, 9/30/2043	373,000	502,276
Rio Tinto Finance USA Ltd.
5.20%, 11/2/2040	512,000	709,856
Southern Copper Corp.
6.75%, 4/16/2040	669,000	918,796
5.25%, 11/8/2042	629,000	731,528
5.88%, 4/23/2045	587,000	752,266
Vale Overseas Ltd.
6.25%, 8/10/2026	882,000	1,034,860
6.88%, 11/21/2036	194,000	255,554
6.88%, 11/10/2039	1,043,000	1,382,632
		8,475,849
Multiline Retail - 0.6%
Target Corp.
4.00%, 7/1/2042	349,000	425,895
3.63%, 4/15/2046	940,000	1,078,818
		1,504,713
Multi-Utilities - 0.5%
Berkshire Hathaway Energy Co.
6.13%, 4/1/2036	980,000	1,397,067
Oil, Gas & Consumable Fuels - 6.4%
Canadian Natural Resources Ltd.
6.25%, 3/15/2038	596,000	777,255
Cenovus Energy, Inc.
6.75%, 11/15/2039	631,000	780,635
CNOOC Finance 2015 USA LLC
4.38%, 5/2/2028	475,000	546,104
ConocoPhillips
6.50%, 2/1/2039	1,244,000	1,842,039
ConocoPhillips Holding Co.
6.95%, 4/15/2029	892,000	1,217,196
Ecopetrol SA
5.88%, 5/28/2045	907,000	1,083,865
Hess Corp.
5.60%, 2/15/2041	645,000	695,996
Kinder Morgan Energy Partners LP
6.95%, 1/15/2038	512,000	686,225
Kinder Morgan, Inc.
7.75%, 1/15/2032	577,000	841,147
Nexen, Inc.
6.40%, 5/15/2037	833,000	1,220,745
Occidental Petroleum Corp.
6.45%, 9/15/2036	830,000	981,965
Phillips 66
5.88%, 5/1/2042	726,000	986,687
Suncor Energy, Inc.
6.50%, 6/15/2038	476,000	677,736
Total Capital SA
3.88%, 10/11/2028	1,100,000	1,257,865
TransCanada PipeLines Ltd.
6.20%, 10/15/2037	277,000	375,507
7.63%, 1/15/2039	500,000	781,702
Valero Energy Corp.
6.63%, 6/15/2037	768,000	1,043,129

Investment Grade-Interest Rate Hedged  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)  

Investments	Principal Amount ($)		Value ($)
Williams Cos., Inc. (The)
6.30%, 4/15/2040		585,000		721,275
				16,517,073
Pharmaceuticals - 6.0%
AstraZeneca plc
3.38%, 11/16/2025		905,000		991,482
6.45%, 9/15/2037		1,109,000		1,642,077
4.00%, 9/18/2042		421,000		503,357
4.38%, 11/16/2045		600,000		777,876
GlaxoSmithKline Capital, Inc.
3.88%, 5/15/2028		693,000		794,867
6.38%, 5/15/2038		1,328,000		2,052,791
Johnson & Johnson
5.95%, 8/15/2037		500,000		759,133
Merck & Co., Inc.
4.15%, 5/18/2043		848,000		1,074,847
Novartis Capital Corp.
4.40%, 5/6/2044		743,000		953,579
Pfizer, Inc.
3.00%, 12/15/2026		396,000		431,231
4.00%, 12/15/2036		114,000		138,791
7.20%, 3/15/2039		2,547,000		4,319,042
Wyeth LLC
5.95%, 4/1/2037		677,000		992,830
				15,431,903
Software - 1.8%
Microsoft Corp.
4.50%, 10/1/2040		662,000		864,633
5.30%, 2/8/2041		394,000		568,533
Oracle Corp.
6.50%, 4/15/2038		57,000		86,636
6.13%, 7/8/2039		1,027,000		1,531,844
5.38%, 7/15/2040		1,144,000		1,572,656
				4,624,302
Specialty Retail - 0.8%
Home Depot, Inc. (The)
5.88%, 12/16/2036		1,478,000		2,134,487
Technology Hardware, Storage & Peripherals - 1.8%
Apple, Inc.
3.85%, 5/4/2043		1,745,000		2,087,876
4.45%, 5/6/2044		320,000		412,527
3.45%, 2/9/2045		1,443,000		1,626,783
4.38%, 5/13/2045		100,000		127,718
HP, Inc.
6.00%, 9/15/2041		415,000		475,772
				4,730,676
Tobacco - 1.1%
Altria Group, Inc.
5.38%, 1/31/2044		894,000		1,053,855
Philip Morris International, Inc.
6.38%, 5/16/2038		800,000		1,154,784
4.25%, 11/10/2044		575,000		665,290
				2,873,929
Wireless Telecommunication Services - 3.6%
America Movil SAB de CV
6.13%, 3/30/2040		1,174,000		1,707,522
4.38%, 7/16/2042		514,000		626,879
Telefonica Europe BV
8.25%, 9/15/2030		103,000		152,275
Vodafone Group plc
4.38%, 5/30/2028		1,052,000		1,208,686

6.15%, 2/27/2037	1,080,000	1,498,187
5.00%, 5/30/2038	804,000	984,627
5.25%, 5/30/2048	1,840,000	2,319,628
4.25%, 9/17/2050	644,000	708,755
		9,206,559
TOTAL CORPORATE BONDS (Cost $218,603,250)		248,372,573

	Shares
SECURITIES LENDING REINVESTMENTS(b) - 0.2%
INVESTMENT COMPANIES - 0.2%
BlackRock Liquidity FedFund, Institutional Class 1.49% (Cost $472,813)		472,813	472,813

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 2.8%
REPURCHASE AGREEMENTS(c) - 2.8%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $7,117,163 (Cost $7,116,225)		7,116,225	7,116,225
Total Investments - 99.5%  (Cost $226,192,288)			255,961,611
Other Assets Less Liabilities - 0.5%			1,267,428
Net Assets - 100.0%			257,229,039

(a)	The security or a portion of this security is on loan at February 29, 2020. The total value of securities on loan at February 29, 2020 was $464,862, collateralized in the form of cash with a value of $472,813 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments.
(b)	The security was purchased with cash collateral held from securities on loan at February 29, 2020. The total value of securities purchased was $472,813.
(c)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Investment Grade-Interest Rate Hedged  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)  

Futures Contracts Sold
Investment Grade-Interest Rate Hedged had the following open short futures contracts as of February 29, 2020:
	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Depreciation
U.S. Treasury 10 Year Note		630	6/19/2020	USD	$	84,892,500	$	(871,106	)
U.S. Treasury Long Bond		797	6/19/2020	USD		135,689,250		(2,103,463	)
U.S. Treasury Ultra Bond		167	6/19/2020	USD		34,652,500		(741,745	)
							$	(3,716,314	)

Abbreviations
USD	U.S. Dollar

K-1 Free Crude Oil Strategy ETF 

Consolidated Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 87.1%
REPURCHASE AGREEMENTS(a) - 87.1%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $13,691,996   (Cost $13,690,190)		13,690,190		13,690,190
Total Investments - 87.1%  (Cost $13,690,190)				13,690,190
Other Assets Less Liabilities - 12.9%				2,035,174
Net Assets - 100.0%				15,725,364

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

K-1 Free Crude Oil Strategy ETF 

Consolidated Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Futures Contracts Purchased  

K-1 Free Crude Oil Strategy ETF had the following open long futures contracts as of February 29, 2020:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Depreciation
WTI Crude Oil		350	4/21/2020	USD	$	15,729,000	$	(2,223,352	)

Abbreviations
USD	U.S. Dollar

Large Cap Core Plus 

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 94.2%
Aerospace & Defense - 2.8%
Arconic, Inc.		30,445		893,561
Boeing Co. (The)		4,138		1,138,405
General Dynamics Corp.		7,822		1,249,095
L3Harris Technologies, Inc.		14,011		2,770,395
Lockheed Martin Corp.		10,049		3,716,824
Northrop Grumman Corp.		6,904		2,270,311
Raytheon Co.		14,283		2,693,203
Textron, Inc.		12,322		500,273
United Technologies Corp.		26,500		3,460,635
				18,692,702
Air Freight & Logistics - 0.0%(b)
CH Robinson Worldwide, Inc.		3,784		260,718
Airlines - 0.9%
Alaska Air Group, Inc.		13,637		688,123
American Airlines Group, Inc.		65,987		1,257,052
Delta Air Lines, Inc.		42,998		1,983,498
United Airlines Holdings, Inc.*		31,241		1,924,133
				5,852,806
Auto Components - 0.2%
BorgWarner, Inc.		33,823		1,068,807
Automobiles - 0.7%
Ford Motor Co.		192,701		1,341,199
General Motors Co.		77,485		2,363,293
Harley-Davidson, Inc.		31,850		970,469
				4,674,961
Banks - 4.3%
Bank of America Corp.		96,824		2,759,484
Citigroup, Inc.		17,844		1,132,380
Citizens Financial Group, Inc.		62,463		1,979,453
Comerica, Inc.		38,236		2,012,743
Fifth Third Bancorp		85,888		2,095,667
Huntington Bancshares, Inc.		168,680		2,069,704
JPMorgan Chase & Co.		46,328		5,379,144
KeyCorp		129,244		2,113,139
People’s United Financial, Inc.		111,408		1,558,598
PNC Financial Services Group, Inc. (The)		14,335		1,811,944
Regions Financial Corp.		149,747		2,024,579
SVB Financial Group*		9,393		1,955,247
Wells Fargo & Co.		32,905		1,344,169
				28,236,251
Beverages - 1.0%
Coca-Cola Co. (The)		41,171		2,202,237
Constellation Brands, Inc., Class A		10,793		1,860,497
Monster Beverage Corp.*		11,373		709,789
PepsiCo, Inc.		13,811		1,823,466
				6,595,989
Biotechnology - 1.7%
AbbVie, Inc.		6,188		530,373
Alexion Pharmaceuticals, Inc.*		21,922		2,061,326
Amgen, Inc.		3,509		700,853
Biogen, Inc.*		7,344		2,264,816
Gilead Sciences, Inc.		4,138		287,012
Incyte Corp.*		32,813		2,474,428
Vertex Pharmaceuticals, Inc.*		14,405		3,227,152
				11,545,960

Building Products - 0.4%
AO Smith Corp.	14,378	568,650
Johnson Controls International plc	35,634	1,303,135
Masco Corp.	14,617	603,975
		2,475,760
Capital Markets - 3.1%
Ameriprise Financial, Inc.	14,925	2,108,902
Cboe Global Markets, Inc.	20,175	2,299,950
Charles Schwab Corp. (The)	19,690	802,368
CME Group, Inc.	10,393	2,066,336
Franklin Resources, Inc.	12,762	277,701
Intercontinental Exchange, Inc.	34,444	3,073,094
Invesco Ltd.	128,757	1,854,101
MarketAxess Holdings, Inc.	7,391	2,397,123
Morgan Stanley	48,898	2,201,877
Nasdaq, Inc.	21,748	2,230,257
T. Rowe Price Group, Inc.	11,800	1,392,518
		20,704,227
Chemicals - 1.3%
Air Products & Chemicals, Inc.	2,538	557,370
CF Industries Holdings, Inc.	32,602	1,201,710
DuPont de Nemours, Inc.	6,769	290,390
International Flavors & Fragrances, Inc.(c)	16,573	1,985,114
Linde plc	20,853	3,983,132
PPG Industries, Inc.	2,376	248,173
Sherwin-Williams Co. (The)	472	243,906
		8,509,795
Commercial Services & Supplies - 1.0%
Copart, Inc.*	21,474	1,814,124
Republic Services, Inc.	26,134	2,358,855
Waste Management, Inc.	24,077	2,667,972
		6,840,951
Communications Equipment - 0.9%
Arista Networks, Inc.*	9,115	1,760,289
Cisco Systems, Inc.	52,760	2,106,707
Motorola Solutions, Inc.	14,152	2,344,703
		6,211,699
Construction Materials - 0.4%
Martin Marietta Materials, Inc.	9,012	2,050,501
Vulcan Materials Co.	5,555	668,044
		2,718,545
Consumer Finance - 0.8%
Capital One Financial Corp.	15,900	1,403,334
Discover Financial Services	30,773	2,018,093
Synchrony Financial	72,125	2,098,838
		5,520,265
Containers & Packaging - 1.0%
International Paper Co.	52,127	1,926,614
Packaging Corp. of America	17,824	1,615,211
Sealed Air Corp.	38,153	1,156,417
Westrock Co.	52,939	1,760,222
		6,458,464
Distributors - 0.3%
LKQ Corp.*	68,147	2,015,788
Diversified Consumer Services - 0.3%
H&R Block, Inc.	85,268	1,762,489
Diversified Financial Services - 0.9%
Berkshire Hathaway, Inc., Class B*	29,743	6,137,171

Large Cap Core Plus 

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Diversified Telecommunication Services - 0.9%
AT&T, Inc.		91,873		3,235,767
CenturyLink, Inc.		20,448		246,808
Verizon Communications, Inc.		49,202		2,664,780
				6,147,355
Electric Utilities - 2.2%
American Electric Power Co., Inc.		30,768		2,746,352
Entergy Corp.		20,620		2,410,684
Evergy, Inc.		28,036		1,832,153
Exelon Corp.		60,386		2,603,240
NextEra Energy, Inc.		1,584		400,372
Southern Co. (The)		36,740		2,217,626
Xcel Energy, Inc.		39,138		2,439,080
				14,649,507
Electrical Equipment - 0.5%
AMETEK, Inc.		25,212		2,168,232
Emerson Electric Co.		13,474		863,818
				3,032,050
Electronic Equipment, Instruments & Components - 0.7%
Corning, Inc.		43,405		1,035,643
Keysight Technologies, Inc.*		24,497		2,321,250
TE Connectivity Ltd.		17,445		1,445,667
				4,802,560
Energy Equipment & Services - 0.7%
Baker Hughes Co.		85,804		1,380,586
Helmerich & Payne, Inc.		48,289		1,781,381
TechnipFMC plc		109,838		1,629,996
				4,791,963
Entertainment - 1.1%
Electronic Arts, Inc.*		17,731		1,797,391
Netflix, Inc.*		7,421		2,738,572
Take-Two Interactive Software, Inc.*		2,428		260,961
Walt Disney Co. (The)		21,527		2,532,652
				7,329,576
Equity Real Estate Investment Trusts (REITs) - 5.9%
American Tower Corp.		1,227		278,283
Apartment Investment & Management Co., Class A		44,002		2,105,056
AvalonBay Communities, Inc.		12,647		2,536,862
Crown Castle International Corp.		5,622		805,576
Duke Realty Corp.		65,872		2,138,864
Equity Residential		33,120		2,487,312
Essex Property Trust, Inc.		7,249		2,054,077
Federal Realty Investment Trust		19,309		2,246,409
Healthpeak Properties, Inc.		70,190		2,220,812
Host Hotels & Resorts, Inc.		124,439		1,801,877
Iron Mountain, Inc.		47,654		1,449,158
Kimco Realty Corp.		53,646		930,758
Mid-America Apartment Communities, Inc.		17,847		2,306,903
Prologis, Inc.		34,839		2,936,231
Public Storage		10,693		2,236,120
Simon Property Group, Inc.		19,747		2,430,461
UDR, Inc.		46,845		2,107,088
Ventas, Inc.		34,071		1,831,998
Vornado Realty Trust		36,078		1,933,059
Welltower, Inc.		33,825		2,530,786
				39,367,690
Food & Staples Retailing - 0.9%
Costco Wholesale Corp.		8,450		2,375,633
Kroger Co. (The)		66,751		1,877,706

Sysco Corp.	10,155	676,831
Walmart, Inc.	11,986	1,290,652
		6,220,822
Food Products - 1.1%
Campbell Soup Co.	6,887	310,741
Conagra Brands, Inc.	30,761	821,011
General Mills, Inc.	19,369	949,081
Hershey Co. (The)	15,147	2,181,017
Lamb Weston Holdings, Inc.	6,934	602,495
Tyson Foods, Inc., Class A	33,509	2,272,916
		7,137,261
Health Care Equipment & Supplies - 3.5%
Abbott Laboratories	12,309	948,162
ABIOMED, Inc.*	5,832	876,316
Align Technology, Inc.*	8,664	1,891,784
Baxter International, Inc.	34,469	2,877,127
Boston Scientific Corp.*	80,494	3,009,671
Cooper Cos., Inc. (The)	3,872	1,256,735
Edwards Lifesciences Corp.*	13,774	2,821,466
IDEXX Laboratories, Inc.*	9,560	2,433,116
Intuitive Surgical, Inc.*	3,439	1,836,289
Medtronic plc	43,979	4,427,366
Teleflex, Inc.	2,982	999,030
		23,377,062
Health Care Providers & Services - 3.1%
AmerisourceBergen Corp.	23,855	2,011,454
Cardinal Health, Inc.	25,446	1,326,245
Centene Corp.*	25,176	1,334,831
Cigna Corp.	17,165	3,140,165
CVS Health Corp.	56,000	3,314,080
HCA Healthcare, Inc.	12,391	1,573,781
Humana, Inc.	8,467	2,706,731
McKesson Corp.	11,581	1,619,719
UnitedHealth Group, Inc.	11,879	3,028,670
Universal Health Services, Inc., Class B	2,091	258,740
		20,314,416
Hotels, Restaurants & Leisure - 2.0%
Carnival Corp.	58,139	1,945,331
Chipotle Mexican Grill, Inc.*	2,958	2,288,250
Darden Restaurants, Inc.	15,851	1,545,472
Hilton Worldwide Holdings, Inc.	24,484	2,379,845
McDonald’s Corp.	4,669	906,580
Norwegian Cruise Line Holdings Ltd.*	39,382	1,467,373
Royal Caribbean Cruises Ltd.	20,657	1,661,029
Starbucks Corp.	14,805	1,161,156
		13,355,036
Household Durables - 1.5%
DR Horton, Inc.	42,728	2,276,121
Garmin Ltd.	24,032	2,124,188
Leggett & Platt, Inc.	26,487	1,050,474
Lennar Corp., Class A	37,157	2,242,053
PulteGroup, Inc.	20,109	808,382
Whirlpool Corp.	8,931	1,141,918
		9,643,136
Household Products - 1.2%
Church & Dwight Co., Inc.	30,308	2,107,012
Clorox Co. (The)	12,050	1,921,011
Procter & Gamble Co. (The)	33,703	3,816,191
		7,844,214
Industrial Conglomerates - 0.3%
3M Co.	2,650	395,486

Large Cap Core Plus 

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
General Electric Co.		42,919		466,959
Honeywell International, Inc.		3,008		487,807
Roper Technologies, Inc.		1,157		406,917
				1,757,169
Insurance - 3.8%
Allstate Corp. (The)		24,443		2,572,626
Arthur J Gallagher & Co.		24,534		2,391,820
Assurant, Inc.		16,867		2,033,992
Everest Re Group Ltd.		8,556		2,120,861
Globe Life, Inc.		22,072		2,045,191
Hartford Financial Services Group, Inc. (The)		43,407		2,168,180
Loews Corp.		42,813		1,953,557
Principal Financial Group, Inc.		34,924		1,550,276
Progressive Corp. (The)		29,679		2,171,316
Prudential Financial, Inc.		30,621		2,310,354
Unum Group		69,216		1,613,425
WR Berkley Corp.		31,117		2,089,195
				25,020,793
Interactive Media & Services - 2.9%
Alphabet, Inc., Class A*		4,460		5,973,055
Alphabet, Inc., Class C*		4,456		5,968,054
Facebook, Inc., Class A*		37,204		7,160,654
Twitter, Inc.*		7,895		262,114
				19,363,877
Internet & Direct Marketing Retail - 2.4%
Amazon.com, Inc.*		7,209		13,579,954
eBay, Inc.		73,700		2,552,968
				16,132,922
IT Services - 4.7%
Accenture plc, Class A		9,957		1,798,135
Akamai Technologies, Inc.*		22,054		1,907,892
Alliance Data Systems Corp.		20,212		1,735,807
Broadridge Financial Solutions, Inc.		4,470		466,489
DXC Technology Co.		62,653		1,510,564
Fiserv, Inc.*		23,381		2,556,946
Gartner, Inc.*		11,801		1,526,931
International Business Machines Corp.		3,116		405,547
Jack Henry & Associates, Inc.		14,633		2,220,411
Leidos Holdings, Inc.		9,313		955,979
Mastercard, Inc., Class A		10,858		3,151,535
Paychex, Inc.		28,120		2,178,738
PayPal Holdings, Inc.*		20,250		2,186,798
VeriSign, Inc.*		11,187		2,122,733
Visa, Inc., Class A		22,786		4,141,583
Western Union Co. (The)		93,934		2,103,182
				30,969,270
Leisure Products - 0.0%(b)
Hasbro, Inc.		2,825		218,231
Life Sciences Tools & Services - 1.1%
Agilent Technologies, Inc.		28,669		2,209,520
IQVIA Holdings, Inc.*		16,423		2,290,844
Mettler-Toledo International, Inc.*		3,139		2,202,636
Thermo Fisher Scientific, Inc.		1,461		424,859
Waters Corp.*		1,241		241,859
				7,369,718
Machinery - 2.5%
Cummins, Inc.		15,097		2,284,025
Dover Corp.		21,269		2,185,177
IDEX Corp.		13,986		2,069,928

Illinois Tool Works, Inc.	17,445	2,926,922
PACCAR, Inc.	31,761	2,124,811
Parker-Hannifin Corp.	12,492	2,308,147
Pentair plc	36,766	1,448,213
Snap-on, Inc.	2,905	420,499
Westinghouse Air Brake Technologies Corp.	8,733	599,957
		16,367,679
Media - 1.8%
Charter Communications, Inc., Class A*	5,319	2,623,171
Comcast Corp., Class A	105,122	4,250,083
Discovery, Inc., Class A*	76,239	1,959,342
DISH Network Corp., Class A*	19,438	651,562
Fox Corp., Class A	10,896	334,943
News Corp., Class A	90,863	1,097,171
Omnicom Group, Inc.	3,515	243,519
ViacomCBS, Inc.	18,658	459,173
		11,618,964
Metals & Mining - 0.7%
Freeport-McMoRan, Inc.	203,365	2,025,516
Newmont Corp.	35,256	1,573,475
Nucor Corp.	20,104	831,300
		4,430,291
Multiline Retail - 0.6%
Dollar General Corp.	4,210	632,763
Macy’s, Inc.	16,901	223,600
Nordstrom, Inc.	10,544	365,877
Target Corp.	24,808	2,555,224
		3,777,464
Multi-Utilities - 1.3%
CenterPoint Energy, Inc.	91,778	2,112,730
DTE Energy Co.	18,615	2,078,737
Public Service Enterprise Group, Inc.	48,117	2,468,883
Sempra Energy	1,862	260,271
WEC Energy Group, Inc.	17,595	1,624,546
		8,545,167
Oil, Gas & Consumable Fuels - 3.6%
Cabot Oil & Gas Corp.	123,296	1,717,513
Chevron Corp.	44,796	4,181,259
Cimarex Energy Co.	6,788	224,343
Devon Energy Corp.	84,631	1,374,408
Diamondback Energy, Inc.	32,973	2,044,326
EOG Resources, Inc.	24,684	1,561,510
Exxon Mobil Corp.	58,646	3,016,750
Hess Corp.	42,682	2,397,875
HollyFrontier Corp.	7,840	264,051
Marathon Petroleum Corp.	48,182	2,284,790
ONEOK, Inc.	11,015	734,921
Phillips 66	11,021	825,032
Valero Energy Corp.	12,129	803,546
Williams Cos., Inc. (The)	115,910	2,208,086
		23,638,410
Personal Products - 0.1%
Estee Lauder Cos., Inc. (The), Class A	3,921	719,896
Pharmaceuticals - 3.0%
Bristol-Myers Squibb Co.	56,638	3,345,040
Eli Lilly & Co.	4,008	505,529
Johnson & Johnson	39,125	5,261,530
Merck & Co., Inc.	58,421	4,472,712

Large Cap Core Plus 

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Perrigo Co. plc		5,478		277,680
Pfizer, Inc.		78,959		2,638,810
Zoetis, Inc.		24,751		3,297,575
				19,798,876
Professional Services - 0.2%
Robert Half International, Inc.		27,763		1,399,533
Road & Rail - 0.7%
CSX Corp.		20,693		1,457,822
Norfolk Southern Corp.		15,011		2,737,256
Union Pacific Corp.		2,522		403,040
				4,598,118
Semiconductors & Semiconductor Equipment - 3.4%
Advanced Micro Devices, Inc.*		43,186		1,964,099
Applied Materials, Inc.		27,529		1,599,986
Broadcom, Inc.		7,139		1,946,234
Intel Corp.		101,996		5,662,818
KLA Corp.		10,003		1,537,561
NVIDIA Corp.		3,831		1,034,638
Qorvo, Inc.*		19,880		1,999,531
QUALCOMM, Inc.		43,283		3,389,059
Texas Instruments, Inc.		19,952		2,277,321
Xilinx, Inc.		17,321		1,446,130
				22,857,377
Software - 6.9%
Adobe, Inc.*		6,379		2,201,521
Autodesk, Inc.*		15,059		2,874,462
Cadence Design Systems, Inc.*		34,275		2,266,949
Citrix Systems, Inc.		20,628		2,132,729
Fortinet, Inc.*		21,707		2,215,416
Intuit, Inc.		12,097		3,215,987
Microsoft Corp.		139,564		22,610,764
NortonLifeLock, Inc.		119,074		2,265,978
Oracle Corp.		38,051		1,882,003
Paycom Software, Inc.*		3,102		876,780
salesforce.com, Inc.*		7,545		1,285,668
Synopsys, Inc.*		16,624		2,292,948
				46,121,205
Specialty Retail - 1.1%
AutoZone, Inc.*		458		472,890
Best Buy Co., Inc.		8,472		640,907
Gap, Inc. (The)		27,252		390,521
Home Depot, Inc. (The)		15,567		3,391,115
Ross Stores, Inc.		24,887		2,707,208
				7,602,641
Technology Hardware, Storage & Peripherals - 3.9%
Apple, Inc.		74,388		20,334,704
Hewlett Packard Enterprise Co.		44,869		573,874
HP, Inc.		85,545		1,778,480
NetApp, Inc.		26,112		1,219,953
Xerox Holdings Corp.		61,745		1,988,189
				25,895,200
Textiles, Apparel & Luxury Goods - 1.0%
Hanesbrands, Inc.		117,559		1,556,481
NIKE, Inc., Class B		19,618		1,753,457
Ralph Lauren Corp.		18,900		1,994,139
Under Armour, Inc., Class A*		106,502		1,511,263
				6,815,340
Tobacco - 0.2%
Altria Group, Inc.		14,235		574,667
Philip Morris International, Inc.		12,383		1,013,796
				1,588,463
Trading Companies & Distributors - 0.3%
United Rentals, Inc.*		13,376		1,772,052
WW Grainger, Inc.		1,390		385,781
				2,157,833
Wireless Telecommunication Services - 0.4%
T-Mobile US, Inc.*		29,404		2,651,065
TOTAL COMMON STOCKS (Cost $633,385,456)				625,711,498
SECURITIES LENDING REINVESTMENTS(d) - 0.2%
INVESTMENT COMPANIES - 0.2%
BlackRock Liquidity FedFund, Institutional Class 1.49% (Cost $1,161,797)		1,161,797		1,161,797

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 5.2%
REPURCHASE AGREEMENTS(e) - 5.2%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $34,270,523   (Cost $34,266,004)		34,266,004	34,266,004
Total Investments - 99.6%  (Cost $668,813,257)			661,139,299
Other Assets Less Liabilities - 0.4%			2,816,926
Net Assets - 100.0%			663,956,225

Large Cap Core Plus 

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $63,454,165.
(b)	Represents less than 0.05% of net assets.
(c)	The security or a portion of this security is on loan at February 29, 2020. The total value of securities on loan at February 29, 2020 was $1,609,843, collateralized in the form of cash with a value of $1,161,797 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments and $543,344 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 6.13%, and maturity dates ranging from March 19, 2020 – November 15, 2049; a total value of $1,705,141.
(d)	The security was purchased with cash collateral held from securities on loan at February 29, 2020. The total value of securities purchased was $1,161,797.
(e)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements 

Large Cap Core Plus had the following open non-exchange traded total return swap agreements as of February 29, 2020: 

Notional Amount ($)			Termination Date(1)	Counterparty	Rate Paid (Received)(2)			Underlying Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(39,569,740	)	12/7/2020	Goldman Sachs International		(1.67	)%	Credit Suisse 130/30 Large Cap Index (short portion)(3)		2,600,146
	(40,330,237	)	1/6/2021	Societe Generale		(1.72	)%	Credit Suisse 130/30 Large Cap Index (short portion)(3)		3,758,436
	143,685,253		1/6/2021	Societe Generale		2.12	%	Credit Suisse 130/30 Large Cap Index (long portion)(4)		(8,644,219	)
	(121,277,276	)	11/8/2021	UBS AG		(1.77	)%	Credit Suisse 130/30 Large Cap Index (short portion)(3)		10,705,331
	95,297,097		11/8/2021	UBS AG		2.22	%	Credit Suisse 130/30 Large Cap Index (long portion)(4)		(6,588,710	)
	37,805,097									1,830,984
								Total Unrealized Appreciation		17,063,913
								Total Unrealized Depreciation		(15,232,929	)

(1) Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

(2) Reflects the floating financing rate, as of February 29, 2020, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

(3) Certain underlying short component disclosures related to this index may be found on the website at www.proshares.com/media/Large_Cap_Short_February.pdf

(4) See the Common Stocks section of the preceding Schedule of Portfolio Investments for the representative long components of the underlying reference instrument and their relative weightings.

Long Online /Short Stores ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 89.7%
Internet & Direct Marketing Retail - 89.7%
1-800-Flowers.com, Inc., Class A*		51,975		937,629
Alibaba Group Holding Ltd., ADR*		19,673		4,091,984
Amazon.com, Inc.*		3,916		7,376,765
Baozun, Inc., ADR*		7,738		245,449
Chewy, Inc., Class A*		49,112		1,453,715
eBay, Inc.		39,688		1,374,792
Etsy, Inc.*		29,040		1,678,803
Farfetch Ltd., Class A*		37,462		418,451
Fiverr International Ltd.*		4,518		142,227
Groupon, Inc.*		822,509		1,102,162
Grubhub, Inc.*		27,857		1,340,200
JD.com, Inc., ADR*		19,545		752,678
Jumia Technologies AG, ADR*		11,429		46,973
MercadoLibre, Inc.*		1,205		742,316
Pinduoduo, Inc., ADR*		23,131		827,627
Quotient Technology, Inc.*		129,361		1,157,781
Qurate Retail, Inc., Series A*		169,392		1,155,254
Shutterstock, Inc.*		35,110		1,353,139
Stamps.com, Inc.*		9,772		1,378,927
Stitch Fix, Inc., Class A*(b)		55,747		1,339,601
Uxin Ltd., ADR*		40,808		68,149
Vipshop Holdings Ltd., ADR*		59,719		766,195
Wayfair, Inc., Class A*		20,194		1,276,463
Yunji, Inc., ADR*		17,615		73,102
TOTAL COMMON STOCKS (Cost $32,677,929)				31,100,382
SECURITIES LENDING REINVESTMENTS(c) - 4.0%
INVESTMENT COMPANIES - 4.0%
BlackRock Liquidity FedFund, Institutional Class 1.49% (Cost $1,388,146)		1,388,146		1,388,146

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 0.9%
REPURCHASE AGREEMENTS(d) - 0.9%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $296,567
(Cost $296,529)		296,529	296,529
Total Investments - 94.6%  (Cost $34,362,604)			32,785,057
Other Assets Less Liabilities - 5.4%			1,876,795
Net Assets - 100.0%			34,661,852

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $1,874,493.
(b)	The security or a portion of this security is on loan at February 29, 2020. The total value of securities on loan at February 29, 2020 was $1,339,600, collateralized in the form of cash with a value of $1,388,146 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments.
(c)	The security was purchased with cash collateral held from securities on loan at February 29, 2020. The total value of securities purchased was $1,388,146.
(d)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Abbreviations
ADR	American Depositary Receipt

Long Online /Short Stores ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Swap Agreements

Long Online /Short Stores ETF had the following open non-exchange traded total return swap agreements as of February 29, 2020:

Notional Amount ($)			Termination Date(1)		Counterparty	Rate Paid (Received)(2)			Underlying Instrument	Value and Unrealized Appreciation ($)
	(10,011,979	)		11/8/2021	Credit Suisse International		(1.67	)%	Solactive-ProShares Bricks and Mortar Retail Store Index		1,081,488
	2,699,285			11/8/2021	Credit Suisse International		1.87	%	ProShares Online Retail Index		121,701
	(7,288,788	)		1/6/2021	Societe Generale		(0.47	)%	Solactive-ProShares Bricks and Mortar Retail Store Index		1,292,463
	871,243			1/6/2021	Societe Generale		2.02	%	ProShares Online Retail Index		48,943
	(13,730,239	)									2,544,595
									Total Unrealized Appreciation		2,544,595

(1)	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
(2)	Reflects the floating financing rate, as of February 29, 2020, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Managed Futures Strategy ETF

Consolidated Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 96.1%
REPURCHASE AGREEMENTS(a) - 96.1%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $2,420,876
(Cost $2,420,557)		2,420,557		2,420,557
Total Investments - 96.1%  (Cost $2,420,557)				2,420,557
Other Assets Less Liabilities - 3.9%				99,461
Net Assets - 100.0%				2,520,018

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Managed Futures Strategy ETF

Consolidated Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Managed Futures Strategy ETF had the following open long and short futures contracts as of February 29, 2020:

Futures Contracts Purchased

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
Cocoa		3	5/13/2020	USD	$	80,160	$	(5,038	)
Cotton No. 2		2	5/6/2020	USD		61,490		(6,826	)
Foreign Exchange CHF/USD		1	3/16/2020	USD		129,588		197
Foreign Exchange GBP/USD		2	3/16/2020	USD		159,975		(4,761	)
Gold		1	4/28/2020	USD		50,134		(462	)
Silver		3	5/27/2020	USD		49,371		(3,918	)
Sugar No. 11		4	4/30/2020	USD		63,347		(1,960	)
U.S. Treasury 10 Year Note		3	6/19/2020	USD		404,250		10,881
U.S. Treasury Long Bond		1	6/19/2020	USD		170,250		10,092
Wheat		2	12/14/2020	USD		54,350		(2,680	)
							$	(4,475	)

Futures Contracts Sold

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
Coffee 'C'		1	5/18/2020	USD	$	41,756	$	(4,147	)
Copper		1	5/27/2020	USD		63,500		523
Corn		3	5/14/2020	USD		55,237		2,730
E-Mini Crude Oil		1	3/19/2020	USD		22,380		3,030
E-Mini Euro		3	3/16/2020	USD		206,991		(773	)
E-Mini Natural Gas		11	3/26/2020	USD		46,310		5,589
Foreign Exchange AUD/USD		2	3/16/2020	USD		130,480		3,665
Foreign Exchange CAD/USD		2	3/17/2020	USD		149,230		1,165
Foreign Exchange JPY/USD		2	3/16/2020	USD		232,050		(355	)
Lean Hogs		2	4/15/2020	USD		49,820		10,495
Live Cattle		3	4/30/2020	USD		129,090		14,392
NY Harbor ULSD		1	3/31/2020	USD		62,047		6,802
Soybean		1	5/14/2020	USD		44,637		110
							$	43,226
							$	38,751

Abbreviations
AUD	Australian Dollar
CAD	Canadian Dollar
CHF	Swiss Franc
GBP	British Pound
JPY	Japanese Yen
USD	U.S. Dollar

Merger ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 87.9%
Auto Components - 2.6%
Delphi Technologies plc*		9,028		127,475
Biotechnology - 2.9%
Ra Pharmaceuticals, Inc.*		2,986		139,625
Capital Markets - 7.7%
E*TRADE Financial Corp.		2,600		119,028
Legg Mason, Inc.		2,810		139,994
TD Ameritrade Holding Corp.		2,670		112,754
				371,776
Commercial Services & Supplies - 2.9%
Advanced Disposal Services, Inc.*		4,214		139,315
Communications Equipment - 3.9%
Acacia Communications, Inc.*		2,747		188,197
Diversified Financial Services - 2.8%
FGL Holdings		11,675		133,562
Diversified Telecommunication Services - 3.5%
Zayo Group Holdings, Inc.*		4,797		167,847
Electric Utilities - 2.9%
El Paso Electric Co.		2,055		139,473
Electrical Equipment - 3.3%
OSRAM Licht AG*		3,128		161,090
Electronic Equipment, Instruments & Components - 11.6%
Fitbit, Inc., Class A*		19,678		125,742
Ingenico Group SA		1,045		147,607
KEMET Corp.		5,329		138,980
Tech Data Corp.*		1,056		150,364
				562,693
Health Care Equipment & Supplies - 3.0%
Wright Medical Group NV*		4,716		142,659
				142,659
Hotels, Restaurants & Leisure - 6.1%
Caesars Entertainment Corp.*		11,226		142,683
Stars Group, Inc. (The)*		6,712		153,817
				296,500
IT Services - 5.5%
Altran Technologies SA		8,370		134,258
InterXion Holding NV*		1,551		131,664
				265,922
Metals & Mining - 2.1%
AK Steel Holding Corp.*		44,161		102,012
Oil, Gas & Consumable Fuels - 2.9%
Tallgrass Energy LP, Class A		6,315		139,372
Pharmaceuticals - 3.5%
Allergan plc		886		168,934
Real Estate Management & Development - 3.4%
Unizo Holdings Co. Ltd.		2,970		163,287
Semiconductors & Semiconductor Equipment - 2.9%
Cypress Semiconductor Corp.		6,109		141,057
Software - 8.7%
ForeScout Technologies, Inc.*		4,275		139,108
LogMeIn, Inc.		1,624		138,422
RIB Software SE		4,510		144,286
				421,816
Specialty Retail - 2.9%
Tiffany & Co.		1,037		138,533
Trading Companies & Distributors - 2.8%
Aircastle Ltd.		4,290		136,636
TOTAL COMMON STOCKS (Cost $4,253,627)				4,247,781

	Number of Rights
RIGHTS - 0.1%
Chemicals - 0.1%
Schulman A, Inc., CVR*(a)(b)  (Cost $–)	4,250	2,223

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 10.4%
REPURCHASE AGREEMENTS(c) - 10.4%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $504,903
(Cost $504,837)	504,837	504,837
Total Investments - 98.4%  (Cost $4,758,464)		4,754,841
Other Assets Less Liabilities - 1.6%		78,748
Net Assets - 100.0%		4,833,589

*	Non-income producing security.
(a)	Security fair valued as of February 29, 2020 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at February 29, 2020 amounted to $2,223, which represents approximately 0.05% of net assets of the Fund.
(b)	Illiquid security.
(c)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Abbreviations
CVR	Contingent Value Rights - No defined expiration

Merger ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Forward Currency Contracts
Merger ETF had the following open forward currency contracts as of February 29, 2020:
Currency	Counterparty	Delivery Date	Foreign Currency to Receive (Pay)			U.S. Dollars to Receive (Pay)			Market Value		Net Unrealized Appreciation/ (Depreciation)
U.S. Dollar vs. Canadian Dollar	Goldman Sachs International	05/12/20	(381,000	)	$	288,062		$	283,844	$	4,218
U.S. Dollar vs. Euro	Goldman Sachs International	05/12/20	(265,000	)		295,299			293,775		1,524
U.S. Dollar vs. British Pound	Goldman Sachs International	05/12/20	(238,000	)		314,259			305,694		8,565
Total Appreciation										$	14,307
U.S. Dollar vs. Canadian Dollar	Goldman Sachs International	05/12/20	168,000		$	(126,665	)	$	125,159	$	(1,506	)
U.S. Dollar vs. British Pound	Goldman Sachs International	05/12/20	238,000			(308,239	)		305,692		(2,547	)
U.S. Dollar vs. Euro	Goldman Sachs International	05/12/20	(416,000	)		457,637			461,171		(3,534	)
U.S. Dollar vs. Japanese Yen	Goldman Sachs International	05/12/20	(16,543,000	)		153,267			153,947		(680	)
Total Depreciation										$	(8,267	)
										$	6,040

Swap Agreements
Merger ETF had the following open non-exchange traded total return swap agreements as of February 29, 2020:
Notional Amount ($)			Termination Date(1)	Counterparty	Rate Paid (Received)(2)		Underlying Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(4,769	)	11/9/2021	Citibank NA	(0.87	)%	S&P Merger Arbitrage Index (short exposure to Acquirers)(3)		49
	6,062		11/9/2021	Citibank NA	2.02	%	S&P Merger Arbitrage Index (long exposure to Targets)(4)		92
	(1,066,588	)	11/6/2020	Societe Generale	(0.97	)%	S&P Merger Arbitrage Index (short exposure to Acquirers)(3)		(130,434	)
	72,748		11/9/2021	Societe Generale	2.12	%	S&P Merger Arbitrage Index (long exposure to Targets)(4)		36,073
	(992,547	)							(94,220	)
							Total Unrealized Appreciation		36,214
							Total Unrealized Depreciation		(130,434	)

(1)	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
(2)	Reflects the floating financing rate, as of February 29, 2020, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).
(3)	Certain underlying short component disclosures related to this index may be found on the website at www.proshares.com/media/Merger_Acquirers_February.pdf.
(4)	See the Common Stocks section of the preceding Schedule of Portfolio Investments for the representative long components of the underlying reference instrument and their relative weightings.

Merger ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Merger ETF invested, as a percentage of net assets, in the following countries as of February 29, 2020:
United States	66.5	%
Germany	6.3	%
France	5.9	%
Japan	3.4	%
Canada	3.2	%
Netherlands	2.7	%
Other (1)	12.0	%
	100.0	%

(1) Includes any non-equity securities and net other assets (liabilities).

Morningstar Alternatives Solution ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
EXCHANGE TRADED FUNDS - 100.0%
ProShares DJ Brookfield Global Infrastructure ETF(a)(b)		32,391		1,413,057
ProShares Global Listed Private Equity ETF(a)		28,208		876,987
ProShares Hedge Replication ETF(a)(b)		39,329		1,782,784
ProShares Inflation Expectations ETF(a)		6,826		172,664
ProShares Managed Futures Strategy ETF(a)		18,803		729,744
ProShares Merger ETF(a)		43,589		1,682,099
ProShares RAFITM Long/Short(a)		19,037		635,360
TOTAL EXCHANGE TRADED FUNDS (Cost $7,358,822)				7,292,695
SECURITIES LENDING REINVESTMENTS(c) - 19.7%
INVESTMENT COMPANIES - 19.7%
BlackRock Liquidity FedFund, Institutional Class 1.49% (Cost $1,439,056)		1,439,056		1,439,056

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 0.2%
REPURCHASE AGREEMENTS(d) - 0.2%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $13,466 (Cost $13,465)		13,465	13,465
Total Investments - 119.9%  (Cost $8,811,343)			8,745,216
Liabilities in excess of other assets - (19.9%)			(1,448,732	)
Net Assets - 100.0%			7,296,484

(a)	Affiliated company as defined under the Investment Company Act of 1940.
(b)	The security or a portion of this security is on loan at February 29, 2020. The total value of securities on loan at February 29, 2020 was $1,394,816, collateralized in the form of cash with a value of $1,439,056 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments.
(c)	The security was purchased with cash collateral held from securities on loan at February 29, 2020. The total value of securities purchased was $1,439,056.
(d)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Morningstar Alternatives Solution ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investment in a company which was affiliated for the period ending February 29, 2020, was as follows:
Exchange Traded Funds		Value May 31, 2019		Purchases at Cost		Sales at Value	Shares February 29, 2020		Value February 29, 2020		Change in Unrealized Appreciation (Depreciation)			Dividend Income		Net Realized Gain/(Loss)
ProShares DJ Brookfield Global Infrastructure ETF	$	973,414	$	548,472	$	76,501	32,391	$	1,413,057	$	(33,488	)	$	31,598	$	1,160
ProShares Global Listed Private Equity ETF		110,381		892,616		38,733	28,208		876,987		(86,309	)		53,946		(968	)
ProShares Hedge Replication ETF		1,199,242		583,654		12,580	39,329		1,782,784		11,927			11,724		541
ProShares Inflation Expectations ETF		143,720		51,345		10,609	6,826		172,664		(10,980	)		2,906		(812	)
ProShares Managed Futures Strategy ETF		1,340,718		273,276		863,047	18,803		729,744		(5,399	)		9,632		(15,804	)
ProShares Merger ETF		1,990,503		219,310		578,197	43,589		1,682,099		44,852			11,975		5,631
ProShares RAFITM Long/Short		892,220		378,763		607,778	19,037		635,360		21,731			8,532		(49,576	)
	$	6,650,198	$	2,947,436	$	2,187,445	188,183	$	7,292,695	$	(57,666	)	$	130,313	$	(59,828	)

MSCI EAFE Dividend Growers ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 99.5%
Aerospace & Defense - 3.4%
BAE Systems plc		199,179		1,547,839
Meggitt plc		200,374		1,387,182
Safran SA		10,662		1,453,419
				4,388,440
Air Freight & Logistics - 1.1%
DSV PANALPINA A/S		14,774		1,480,625
Auto Components - 1.2%
Koito Manufacturing Co. Ltd.		38,979		1,539,429
Banks - 1.2%
Skandinaviska Enskilda Banken AB, Class A		159,619		1,505,457
Beverages - 2.2%
Asahi Group Holdings Ltd.		38,362		1,475,940
Diageo plc		40,829		1,442,233
				2,918,173
Building Products - 1.2%
Kingspan Group plc		24,953		1,563,719
Capital Markets - 2.2%
Partners Group Holding AG		1,712		1,469,778
St James's Place plc		109,898		1,425,485
				2,895,263
Chemicals - 3.4%
Croda International plc		24,976		1,452,810
FUCHS PETROLUB SE (Preference)		37,571		1,424,636
Novozymes A/S, Class B		29,833		1,504,553
				4,381,999
Diversified Financial Services - 5.7%
Eurazeo SE		23,245		1,547,328
Groupe Bruxelles Lambert SA		16,304		1,466,399
L E Lundbergforetagen AB, Class B		36,170		1,481,108
Mitsubishi UFJ Lease & Finance Co. Ltd.		265,173		1,516,820
Tokyo Century Corp.		35,547		1,476,388
				7,488,043
Diversified Telecommunication Services - 1.1%
Telenor ASA		94,147		1,494,436
Electric Utilities - 3.5%
CK Infrastructure Holdings Ltd.		233,621		1,591,838
Red Electrica Corp. SA		78,986		1,504,890
SSE plc		75,320		1,470,993
				4,567,721
Electronic Equipment, Instruments & Components - 2.3%
Halma plc		57,671		1,420,963
Hexagon AB, Class B		28,804		1,522,927
				2,943,890
Equity Real Estate Investment Trusts (REITs) - 2.3%
Link REIT		164,627		1,525,214
Mirvac Group		750,760		1,471,520
				2,996,734
Food & Staples Retailing - 2.5%
Koninklijke Ahold Delhaize NV		64,652		1,504,140
Sundrug Co. Ltd.		54,630		1,709,324
				3,213,464
Food Products - 4.6%
Associated British Foods plc		48,593		1,399,630
Chocoladefabriken Lindt & Spruengli AG, Class PC		191		1,485,852
Kerry Group plc, Class A		12,579		1,589,001
Nestle SA (Registered)		15,070		1,538,994
				6,013,477
Gas Utilities - 3.6%
APA Group		216,667		1,500,336
Enagas SA		60,434		1,553,379
Hong Kong & China Gas Co. Ltd.		847,571		1,631,398
				4,685,113
Health Care Equipment & Supplies - 3.6%
Asahi Intecc Co. Ltd.		65,316		1,565,913
Coloplast A/S, Class B		11,650		1,549,417
Sysmex Corp.		24,454		1,568,602
				4,683,932
Health Care Providers & Services - 5.6%
Alfresa Holdings Corp.		82,942		1,457,915
Fresenius Medical Care AG & Co. KGaA		20,670		1,573,908
Fresenius SE & Co. KGaA		31,493		1,467,283
Ramsay Health Care Ltd.		31,298		1,372,400
Ryman Healthcare Ltd.		151,715		1,435,044
				7,306,550
Hotels, Restaurants & Leisure - 3.3%
Carnival plc		41,154		1,279,982
Compass Group plc		65,232		1,425,203
Flutter Entertainment plc		14,710		1,550,864
				4,256,049
Household Durables - 3.7%
Rinnai Corp.		23,559		1,609,696
SEB SA		12,930		1,692,993
Sekisui Chemical Co. Ltd.		100,300		1,496,154
				4,798,843
Industrial Conglomerates - 1.2%
Jardine Strategic Holdings Ltd.		52,680		1,512,443
Insurance - 3.2%
Legal & General Group plc		402,146		1,335,519
Prudential plc		85,815		1,388,778
Sampo OYJ, Class A		37,196		1,506,841
				4,231,138
Interactive Media & Services - 1.1%
REA Group Ltd.		21,979		1,393,289
Life Sciences Tools & Services - 1.2%
Sartorius Stedim Biotech		8,275		1,560,697
Machinery - 3.4%
Kurita Water Industries Ltd.		56,982		1,476,519
Spirax-Sarco Engineering plc		13,791		1,478,800
Techtronic Industries Co. Ltd.		188,404		1,524,290
				4,479,609
Multiline Retail - 1.2%
Pan Pacific International Holdings Corp.		94,458		1,565,762
Multi-Utilities - 1.1%
AGL Energy Ltd.		117,395		1,448,715

MSCI EAFE Dividend Growers ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Oil, Gas & Consumable Fuels - 1.0%
Washington H Soul Pattinson & Co. Ltd.		109,051	1,372,463
Personal Products - 2.3%
Kobayashi Pharmaceutical Co. Ltd.		21,195	1,542,491
L'Oreal SA		5,697	1,508,146
			3,050,637
Pharmaceuticals - 5.7%
Novartis AG (Registered)		17,017	1,428,412
Novo Nordisk A/S, Class B		25,804	1,501,249
Roche Holding AG		4,698	1,503,147
Sanofi		16,310	1,503,666
UCB SA		17,211	1,579,737
			7,516,211
Professional Services - 2.3%
Intertek Group plc		21,570	1,451,957
Wolters Kluwer NV		22,153	1,613,828
			3,065,785
Real Estate Management & Development - 1.1%
Daito Trust Construction Co. Ltd.		14,537	1,479,104
Road & Rail - 1.2%
MTR Corp. Ltd.		284,589	1,601,328
Software - 2.2%
AVEVA Group plc		24,190	1,355,799
Micro Focus International plc		161,360	1,526,621
			2,882,420
Specialty Retail - 2.2%
JD Sports Fashion plc		149,267	1,405,155
USS Co. Ltd.		96,773	1,530,568
			2,935,723
Textiles, Apparel & Luxury Goods - 4.5%
Burberry Group plc		64,128	1,350,707
Cie Financiere Richemont SA (Registered)		22,454	1,517,115
EssilorLuxottica SA		10,913	1,475,647
LVMH Moet Hennessy Louis Vuitton SE		3,738	1,522,713
			5,866,182
Tobacco - 1.1%
Imperial Brands plc		70,362	1,397,351
Trading Companies & Distributors - 3.5%
Ashtead Group plc		46,974	1,433,397
Bunzl plc		66,376	1,585,425
ITOCHU Corp.		70,244	1,602,982
			4,621,804
Transportation Infrastructure - 1.1%
Transurban Group		152,847	1,463,439
Wireless Telecommunication Services - 1.2%
KDDI Corp.		53,653	1,521,076
TOTAL COMMON STOCKS (Cost $128,210,797)			130,086,533
	Principal Amount ($)
SHORT-TERM INVESTMENTS - 0.4%
REPURCHASE AGREEMENTS(a) - 0.4%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $543,330
(Cost $543,258)		543,258	543,258
Total Investments - 99.9%  (Cost $128,754,055)			130,629,791
Other Assets Less Liabilities - 0.1%			84,338
Net Assets - 100.0%			130,714,129

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Abbreviations
OYJ	Public Limited Company
Preference	A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference.

MSCI EAFE Dividend Growers ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

MSCI EAFE Dividend Growers ETF invested, as a percentage of net assets, in the following countries as of February 29, 2020:
United Kingdom	22.9	%
Japan	20.0	%
France	9.4	%
Australia	7.7	%
Switzerland	6.8	%
Hong Kong	6.0	%
Denmark	4.6	%
Ireland	3.6	%
Sweden	3.5	%
Germany	3.4	%
Netherlands	2.4	%
Spain	2.3	%
Belgium	2.3	%
China	1.2	%
Finland	1.2	%
Norway	1.1	%
New Zealand	1.1	%
Other (1)	0.5	%
	100.0	%

(1) Includes any non-equity securities and net other assets (liabilities).

MSCI Emerging Markets Dividend Growers ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 100.0%
Banks - 13.2%
Absa Group Ltd.		43,271		366,971
Bancolombia SA, ADR		7,697		365,454
Bank Central Asia Tbk. PT		171,722		376,418
Bank Rakyat Indonesia Persero Tbk. PT		1,306,450		381,532
Capitec Bank Holdings Ltd.		4,384		365,331
E.Sun Financial Holding Co. Ltd.		475,170		455,876
Grupo Financiero Inbursa SAB de CV, Class O		341,694		366,640
Itau Unibanco Holding SA, ADR		54,173		383,003
Nedbank Group Ltd.		31,481		356,401
Public Bank Bhd.		98,725		400,521
				3,818,147
Chemicals - 4.2%
Asian Paints Ltd.		16,151		402,379
Berger Paints India Ltd.		51,942		407,770
Pidilite Industries Ltd.		19,053		399,475
				1,209,624
Construction & Engineering - 2.7%
China Railway Group Ltd., Class H		699,708		394,960
Larsen & Toubro Ltd., GDR(a)		23,837		388,067
				783,027
Construction Materials - 1.2%
Grupo Argos SA		81,833		348,799
Consumer Finance - 1.4%
Bajaj Finance Ltd.		6,326		391,464
Diversified Financial Services - 4.9%
FirstRand Ltd.		102,135		360,877
PSG Group Ltd.		28,867		345,294
Remgro Ltd.		34,176		350,523
RMB Holdings Ltd.		79,853		358,622
				1,415,316
Electronic Equipment, Instruments & Components - 3.0%
Hangzhou Hikvision Digital Technology Co. Ltd., Class A		80,000		400,572
Leyard Optoelectronic Co. Ltd., Class A		432,987		456,525
				857,097
Food & Staples Retailing - 4.0%
BIM Birlesik Magazalar A/S		53,794		414,760
Clicks Group Ltd.		24,309		366,972
SPAR Group Ltd. (The)		35,836		376,737
				1,158,469
Food Products - 4.1%
Indofood CBP Sukses Makmur Tbk. PT		529,805		379,421
Nestle Malaysia Bhd.		12,056		409,017
Ottogi Corp.		949		388,352
				1,176,790
Gas Utilities - 2.8%
China Gas Holdings Ltd.		110,393		403,618
China Resources Gas Group Ltd.		81,083		404,635
				808,253
Health Care Providers & Services - 4.0%
Bangkok Dusit Medical Services PCL, Class F		567,092		398,968
Shanghai Pharmaceuticals Holding Co. Ltd., Class A		141,300		377,407
Sinopharm Group Co. Ltd., Class H		122,800		378,876
				1,155,251
Hotels, Restaurants & Leisure - 1.3%
Jollibee Foods Corp.		115,035		383,638
Household Durables - 2.9%
Haier Electronics Group Co. Ltd.		139,345		398,639
Zhejiang Supor Co. Ltd., Class A		41,900		440,280
				838,919
Household Products - 2.7%
Hindustan Unilever Ltd.		13,471		405,945
Unilever Indonesia Tbk. PT		776,808		369,522
				775,467
Industrial Conglomerates - 3.9%
Alfa SAB de CV, Class A		619,539		395,651
Ayala Corp.		28,331		368,206
SK Holdings Co. Ltd.		2,239		353,963
				1,117,820
Insurance - 2.6%
Ping An Insurance Group Co. of China Ltd., Class H		36,106		401,358
Sanlam Ltd.		85,423		355,819
				757,177
Interactive Media & Services - 1.4%
Tencent Holdings Ltd.		8,005		396,399
Internet & Direct Marketing Retail - 1.2%
Naspers Ltd., Class N		2,330		355,615
IT Services - 2.7%
Infosys Ltd., ADR		38,616		388,863
Tata Consultancy Services Ltd.		13,585		376,514
				765,377
Media - 1.4%
China South Publishing & Media Group Co. Ltd., Class A		242,000		389,139
Oil, Gas & Consumable Fuels - 3.4%
LUKOIL PJSC, ADR		4,204		362,973
Reliance Industries Ltd.		20,513		377,658
Rosneft Oil Co. PJSC, GDR(a)		38,778		234,607
				975,238
Personal Products - 2.7%
Godrej Consumer Products Ltd.		48,491		376,613
Marico Ltd.		100,419		415,702
				792,315
Pharmaceuticals - 2.7%
China Medical System Holdings Ltd.		303,684		374,005
Yunnan Baiyao Group Co. Ltd., Class A		35,600		400,767
				774,772
Real Estate Management & Development - 11.1%
Aldar Properties PJSC		694,330		400,773
Ayala Land, Inc.		518,359		396,587
China Fortune Land Development Co. Ltd., Class A		119,332		402,724
China Overseas Land & Investment Ltd.		116,493		390,801
China Resources Land Ltd.		92,437		426,313
China Vanke Co. Ltd., Class H		107,488		413,680

MSCI Emerging Markets Dividend Growers ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments		Shares	Value ($)
Longfor Group Holdings Ltd.(a)		88,077	407,335
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class B		475,305	376,442
			3,214,655
Specialty Retail - 2.7%
China International Travel Service Corp. Ltd., Class A		36,700	412,153
Foschini Group Ltd. (The)		45,635	364,875
			777,028
Textiles, Apparel & Luxury Goods - 1.4%
Page Industries Ltd.		1,321	405,377
Thrifts & Mortgage Finance - 2.6%
Housing Development Finance Corp. Ltd.		12,981	391,359
LIC Housing Finance Ltd.		82,705	367,011
			758,370
Tobacco - 1.4%
ITC Ltd.		147,661	404,204
Transportation Infrastructure - 3.7%
Grupo Aeroportuario del Pacifico SAB de CV, Class B		32,583	353,690
Grupo Aeroportuario del Sureste SAB de CV, Class B		21,447	354,007
International Container Terminal Services, Inc.		178,132	370,417
			1,078,114
Water Utilities - 1.4%
Guangdong Investment Ltd.		207,601	389,901
Wireless Telecommunication Services - 1.3%
America Movil SAB de CV, Series L		473,082	373,024
TOTAL COMMON STOCKS (Cost $30,122,885)			28,844,786
	Principal Amount ($)
SHORT-TERM INVESTMENTS - 0.3%
REPURCHASE AGREEMENTS(b) - 0.3%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $79,464
(Cost $79,453)		79,453	79,453
Total Investments - 100.3%  (Cost $30,202,338)			28,924,239
Liabilities in excess of other assets - (0.3%)			(79,052	)
Net Assets - 100.0%			28,845,187

(a)	Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.
(b)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Abbreviations
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
PJSC	Public Joint Stock Company

MSCI Emerging Markets Dividend Growers ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

MSCI Emerging Markets Dividend Growers ETF invested, as a percentage of net assets, in the following countries as of February 29, 2020:
China	30.6	%
India	20.4	%
South Africa	15.0	%
Mexico	6.4	%
Philippines	5.3	%
Indonesia	5.2	%
Malaysia	2.8	%
South Korea	2.6	%
Colombia	2.5	%
Russia	2.1	%
Taiwan	1.6	%
Turkey	1.4	%
United Arab Emirates	1.4	%
Thailand	1.4	%
Brazil	1.3	%
Other (1)	0.0	%*
	100.0	%

(1)	Includes any non-equity securities and net other assets (liabilities).
*	Amount represents less than 0.05%.

MSCI Europe Dividend Growers ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 99.2%
Aerospace & Defense - 5.2%
BAE Systems plc		18,869		146,633
Meggitt plc		18,982		131,411
Safran SA		1,010		137,681
				415,725
Air Freight & Logistics - 1.8%
DSV PANALPINA A/S		1,400		140,306
Banks - 1.8%
Skandinaviska Enskilda Banken AB, Class A		15,149		142,879
Beverages - 1.7%
Diageo plc		3,868		136,632
Building Products - 1.9%
Kingspan Group plc		2,364		148,144
Capital Markets - 3.5%
Partners Group Holding AG		162		139,079
St James's Place plc		10,411		135,041
				274,120
Chemicals - 5.2%
Croda International plc		2,365		137,568
FUCHS PETROLUB SE (Preference)		3,559		134,952
Novozymes A/S, Class B		2,826		142,522
				415,042
Diversified Financial Services - 5.4%
Eurazeo SE		2,202		146,578
Groupe Bruxelles Lambert SA		1,545		138,959
L E Lundbergforetagen AB, Class B		3,427		140,331
				425,868
Diversified Telecommunication Services - 1.8%
Telenor ASA		8,919		141,575
Electric Utilities - 3.5%
Red Electrica Corp. SA		7,483		142,571
SSE plc		7,135		139,346
				281,917
Electronic Equipment, Instruments & Components - 3.5%
Halma plc		5,463		134,603
Hexagon AB, Class B		2,729		144,288
				278,891
Food & Staples Retailing - 1.8%
Koninklijke Ahold Delhaize NV		6,125		142,499
Food Products - 7.2%
Associated British Foods plc		4,603		132,581
Chocoladefabriken Lindt & Spruengli AG, Class PC		18		140,028
Kerry Group plc, Class A		1,192		150,575
Nestle SA (Registered)		1,427		145,730
				568,914
Gas Utilities - 1.8%
Enagas SA		5,725		147,154
Health Care Equipment & Supplies - 1.8%
Coloplast A/S, Class B		1,104		146,829
Health Care Providers & Services - 3.6%
Fresenius Medical Care AG & Co. KGaA		1,958		149,091
Fresenius SE & Co. KGaA		2,983		138,980
				288,071
Hotels, Restaurants & Leisure - 5.1%
Carnival plc		3,899		121,268
Compass Group plc		6,180		135,022
Flutter Entertainment plc		1,394		146,968
				403,258
Household Durables - 2.0%
SEB SA		1,225		160,396
Insurance - 5.0%
Legal & General Group plc		38,097		126,520
Prudential plc		8,130		131,571
Sampo OYJ, Class A		3,524		142,760
				400,851
Life Sciences Tools & Services - 1.9%
Sartorius Stedim Biotech		784		147,865
Machinery - 1.8%
Spirax-Sarco Engineering plc		1,306		140,042
Personal Products - 1.8%
L'Oreal SA		540		142,952
Pharmaceuticals - 9.0%
Novartis AG (Registered)		1,612		135,312
Novo Nordisk A/S, Class B		2,445		142,247
Roche Holding AG		445		142,380
Sanofi		1,545		142,438
UCB SA		1,631		149,704
				712,081
Professional Services - 3.7%
Intertek Group plc		2,043		137,522
Wolters Kluwer NV		2,098		152,838
				290,360
Software - 3.4%
AVEVA Group plc		2,292		128,462
Micro Focus International plc		15,286		144,620
				273,082
Specialty Retail - 1.7%
JD Sports Fashion plc		14,141		133,119
Textiles, Apparel & Luxury Goods - 7.0%
Burberry Group plc		6,075		127,956
Cie Financiere Richemont SA (Registered)		2,127		143,712
EssilorLuxottica SA		1,034		139,817
LVMH Moet Hennessy Louis Vuitton SE		354		144,205
				555,690
Tobacco - 1.7%
Imperial Brands plc		6,666		132,383
Trading Companies & Distributors - 3.6%
Ashtead Group plc		4,450		135,790

MSCI Europe Dividend Growers ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares	Value ($)
Bunzl plc	6,288	150,192
		285,982
TOTAL COMMON STOCKS (Cost $7,826,492)		7,872,627

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 0.3%
REPURCHASE AGREEMENTS(a) - 0.3%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $23,631
(Cost $23,628)		23,628	23,628
Total Investments - 99.5%  (Cost $7,850,120)			7,896,255
Other Assets Less Liabilities - 0.5%			37,600
Net Assets - 100.0%			7,933,855

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Abbreviations
OYJ	Public Limited Company
Preference	A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference.

MSCI Europe Dividend Growers ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

MSCI Europe Dividend Growers ETF invested, as a percentage of net assets, in the following countries as of February 29, 2020:
United Kingdom	35.8	%
France	14.6	%
Switzerland	10.7	%
Denmark	7.2	%
Ireland	5.6	%
Sweden	5.4	%
Germany	5.3	%
Netherlands	3.7	%
Belgium	3.6	%
Spain	3.7	%
Finland	1.8	%
Norway	1.8	%
Other (1)	0.8	%
	100.0	%

(1) Includes any non-equity securities and net other assets (liabilities).

Online Retail ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 99.8%
Internet & Direct Marketing Retail - 99.8%
1-800-Flowers.com, Inc., Class A*		42,113		759,719
Alibaba Group Holding Ltd., ADR*		15,958		3,319,264
Amazon.com, Inc.*		3,171		5,973,372
Baozun, Inc., ADR*		6,270		198,884
Chewy, Inc., Class A*		39,793		1,177,873
eBay, Inc.		32,181		1,114,750
Etsy, Inc.*		23,501		1,358,593
Farfetch Ltd., Class A*		30,354		339,054
Fiverr International Ltd.*		3,661		115,248
Groupon, Inc.*		666,447		893,039
Grubhub, Inc.*		22,572		1,085,939
JD.com, Inc., ADR*		15,828		609,536
Jumia Technologies AG, ADR*		9,261		38,063
MercadoLibre, Inc.*		977		601,861
Pinduoduo, Inc., ADR*		18,758		671,161
Quotient Technology, Inc.*		104,816		938,103
Qurate Retail, Inc., Series A*		137,252		936,059
Shutterstock, Inc.*		28,449		1,096,424
Stamps.com, Inc.*		7,918		1,117,309
Stitch Fix, Inc., Class A*(a)		45,169		1,085,411
Uxin Ltd., ADR*		33,065		55,219
Vipshop Holdings Ltd., ADR*		48,407		621,062
Wayfair, Inc., Class A*		16,378		1,035,253
Yunji, Inc., ADR*		14,272		59,229
TOTAL COMMON STOCKS (Cost $25,659,703)				25,200,425
SECURITIES LENDING REINVESTMENTS(b) - 4.5%
INVESTMENT COMPANIES - 4.5%
BlackRock Liquidity FedFund, Institutional Class 1.49% (Cost $1,143,415)		1,143,415		1,143,415

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 0.2%
REPURCHASE AGREEMENTS(c) - 0.2%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $52,942
(Cost $52,936)		52,936	52,936
Total Investments - 104.5%  (Cost $26,856,054)			26,396,776
Liabilities in excess of other assets - (4.5%)			(1,138,894	)
Net Assets - 100.0%			25,257,882

* Non-income producing security.

Online Retail ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

(a)	The security or a portion of this security is on loan at February 29, 2020. The total value of securities on loan at February 29, 2020 was $1,085,411, collateralized in the form of cash with a value of $1,143,415 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments.
(b)	The security was purchased with cash collateral held from securities on loan at February 29, 2020. The total value of securities purchased was $1,143,415.
(c)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Abbreviations
ADR	American Depositary Receipt

Pet Care ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 99.9%
Biotechnology - 2.2%
Kindred Biosciences, Inc.*		102,708		1,116,436
Distributors - 0.0%(a)
Arata Corp.		360		13,785
Food Products - 15.1%
Freshpet, Inc.*		76,527		5,085,984
JM Smucker Co. (The)		3,028		311,854
Nestle SA (Registered)		22,747		2,330,577
				7,728,415
Health Care Equipment & Supplies - 13.2%
Heska Corp.*		19,610		1,872,167
IDEXX Laboratories, Inc.*		19,184		4,882,520
				6,754,687
Health Care Providers & Services - 12.6%
Covetrus, Inc.*		196,348		2,181,426
CVS Group plc		160,292		2,190,826
Patterson Cos., Inc.		2,397		57,025
PetIQ, Inc.*		64,195		1,996,464
				6,425,741
Household Products - 7.4%
Central Garden & Pet Co., Class A*		86,638		2,192,808
Colgate-Palmolive Co.		23,353		1,577,962
				3,770,770
Insurance - 4.8%
Trupanion, Inc.*		79,321		2,438,328
Internet & Direct Marketing Retail - 12.6%
Chewy, Inc., Class A*		111,418		3,297,973
PetMed Express, Inc.		53,902		1,423,013
zooplus AG*		16,980		1,685,182
				6,406,168
Pharmaceuticals - 23.8%
Dechra Pharmaceuticals plc		150,305		5,099,200
Elanco Animal Health, Inc.*		10,866		297,728
Merck & Co., Inc.		30,162		2,309,203
RaQualia Pharma, Inc.*		50,453		470,102
Virbac SA*		9,972		2,262,265
Zoetis, Inc.		13,020		1,734,655
				12,173,153
Specialty Retail - 8.2%
Pets at Home Group plc		1,173,815		3,873,888
Tractor Supply Co.		3,217		284,736
				4,158,624
TOTAL COMMON STOCKS (Cost $46,387,828)				50,986,107

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 0.1%
REPURCHASE AGREEMENTS(b) - 0.1%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $75,718
(Cost $75,707)		75,707	75,707
Total Investments - 100.0%  (Cost $46,463,535)			51,061,814
Liabilities in excess of other assets - 0.0%(a)			(955	)
Net Assets - 100.0%			51,060,859

*	Non-income producing security.
(a)	Represents less than 0.05% of net assets.
(b)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Pet Care ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Pet Care ETF invested, as a percentage of net assets, in the following countries as of February 29, 2020:
United States	64.8	%
United Kingdom	21.9	%
Switzerland	4.6	%
France	4.4	%
Germany	3.3	%
Japan	0.9	%
Other (1)	0.1	%
	100.0	%

(1) Includes any non-equity securities and net other assets (liabilities).

RAFI^TM Long/Short  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 85.1%
Aerospace & Defense - 1.8%
Arconic, Inc.		156		4,579
Boeing Co. (The)		48		13,205
Curtiss-Wright Corp.		9		1,079
General Dynamics Corp.		50		7,985
Hexcel Corp.		8		517
Huntington Ingalls Industries, Inc.		6		1,233
L3Harris Technologies, Inc.		32		6,327
Lockheed Martin Corp.		37		13,685
Moog, Inc., Class A		6		463
Northrop Grumman Corp.		21		6,906
Raytheon Co.		48		9,051
Spirit AeroSystems Holdings, Inc., Class A		13		687
Teledyne Technologies, Inc.*		6		2,024
Textron, Inc.		53		2,152
TransDigm Group, Inc.		6		3,347
United Technologies Corp.		160		20,894
				94,134
Air Freight & Logistics - 0.5%
CH Robinson Worldwide, Inc.		29		1,998
Expeditors International of Washington, Inc.		21		1,479
FedEx Corp.		62		8,753
Hub Group, Inc., Class A*		15		693
United Parcel Service, Inc., Class B		135		12,216
XPO Logistics, Inc.*		38		2,811
				27,950
Airlines - 0.1%
American Airlines Group, Inc.		56		1,067
Delta Air Lines, Inc.		53		2,445
JetBlue Airways Corp.*		31		489
Southwest Airlines Co.		25		1,155
United Airlines Holdings, Inc.*		30		1,847
				7,003
Auto Components - 0.4%
Adient plc*		136		3,255
American Axle & Manufacturing Holdings, Inc.*		73		462
Aptiv plc		43		3,359
Autoliv, Inc.		23		1,535
BorgWarner, Inc.		53		1,675
Cooper Tire & Rubber Co.		19		484
Cooper-Standard Holdings, Inc.*		10		173
Dana, Inc.		59		848
Delphi Technologies plc*		52		734
Garrett Motion, Inc.*		38		264
Gentex Corp.		46		1,228
Goodyear Tire & Rubber Co. (The)		189		1,830
Lear Corp.		20		2,224
Tenneco, Inc., Class A		17		156
Visteon Corp.*		21		1,366
				19,593
Automobiles - 1.1%
Ford Motor Co.		3,953		27,513
General Motors Co.		777		23,699
Harley-Davidson, Inc.		62		1,889
Tesla, Inc.*		6		4,008
Thor Industries, Inc.		15		1,131
				58,240

Banks - 6.8%
Associated Banc-Corp.	34	576
Bank of America Corp.	2,219	63,241
Bank of Hawaii Corp.	6	446
Bank OZK	21	533
BankUnited, Inc.	26	772
CIT Group, Inc.	42	1,668
Citigroup, Inc.	816	51,783
Citizens Financial Group, Inc.	148	4,690
Comerica, Inc.	27	1,421
Commerce Bancshares, Inc.	14	855
Cullen/Frost Bankers, Inc.	9	705
East West Bancorp, Inc.	21	814
Fifth Third Bancorp	228	5,563
First Hawaiian, Inc.	18	431
First Horizon National Corp.	58	773
First Republic Bank	19	1,911
FNB Corp.	85	858
Fulton Financial Corp.	37	535
Hancock Whitney Corp.	19	636
Huntington Bancshares, Inc.	219	2,687
IBERIABANK Corp.	10	602
Investors Bancorp, Inc.	51	537
JPMorgan Chase & Co.	779	90,450
KeyCorp	233	3,810
M&T Bank Corp.	28	3,931
PacWest Bancorp	32	1,012
People's United Financial, Inc.	97	1,357
Pinnacle Financial Partners, Inc.	11	579
PNC Financial Services Group, Inc. (The)	118	14,915
Popular, Inc.	21	1,008
Prosperity Bancshares, Inc.	13	840
Regions Financial Corp.	290	3,921
Signature Bank	8	1,001
Sterling Bancorp	31	514
SVB Financial Group*	9	1,873
Synovus Financial Corp.	19	551
TCF Financial Corp.	31	1,130
Texas Capital Bancshares, Inc.*	11	518
Truist Financial Corp.	322	14,857
UMB Financial Corp.	7	407
Umpqua Holdings Corp.	61	939
United Bankshares, Inc.	19	549
US Bancorp	339	15,743
Webster Financial Corp.	15	570
Wells Fargo & Co.	1,387	56,659
Western Alliance Bancorp	14	645
Wintrust Financial Corp.	9	481
Zions Bancorp NA	34	1,358
		361,655
Beverages - 1.4%
Brown-Forman Corp., Class B	34	2,088
Coca-Cola Co. (The)	588	31,452
Coca-Cola European Partners plc	32	1,631
Constellation Brands, Inc., Class A	18	3,103
Molson Coors Beverage Co., Class B	55	2,728
Monster Beverage Corp.*	20	1,248
PepsiCo, Inc.	230	30,367
		72,617
Biotechnology - 1.3%
AbbVie, Inc.	225	19,285
Alexion Pharmaceuticals, Inc.*	20	1,881

RAFI^TM Long/Short  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Amgen, Inc.		97		19,374
Biogen, Inc.*		19		5,859
BioMarin Pharmaceutical, Inc.*		9		813
Gilead Sciences, Inc.		243		16,854
Regeneron Pharmaceuticals, Inc.*		7		3,112
United Therapeutics Corp.*		8		824
				68,002
Building Products - 0.3%
Allegion plc		9		1,035
AO Smith Corp.		14		554
Builders FirstSource, Inc.*		47		1,067
Fortune Brands Home & Security, Inc.		30		1,852
Johnson Controls International plc		218		7,972
Lennox International, Inc.		4		913
Masco Corp.		43		1,777
Owens Corning		33		1,864
Resideo Technologies, Inc.*		47		505
				17,539
Capital Markets - 2.3%
Affiliated Managers Group, Inc.		11		827
Ameriprise Financial, Inc.		33		4,663
Bank of New York Mellon Corp. (The)		207		8,259
BlackRock, Inc.		20		9,260
Cboe Global Markets, Inc.		9		1,026
Charles Schwab Corp. (The)		102		4,156
CME Group, Inc.		39		7,754
E*TRADE Financial Corp.		40		1,831
Eaton Vance Corp.		19		784
Federated Hermes, Inc., Class B		22		635
Franklin Resources, Inc.		102		2,220
Goldman Sachs Group, Inc. (The)		108		21,683
Intercontinental Exchange, Inc.		58		5,175
Invesco Ltd.		190		2,736
Janus Henderson Group plc		60		1,272
Legg Mason, Inc.		39		1,943
LPL Financial Holdings, Inc.		14		1,113
Moody's Corp.		9		2,160
Morgan Stanley		368		16,571
MSCI, Inc.		6		1,773
Nasdaq, Inc.		16		1,641
Northern Trust Corp.		34		2,984
Raymond James Financial, Inc.		21		1,756
S&P Global, Inc.		15		3,989
SEI Investments Co.		11		602
State Street Corp.		93		6,334
Stifel Financial Corp.		18		980
T. Rowe Price Group, Inc.		41		4,838
TD Ameritrade Holding Corp.		29		1,225
Waddell & Reed Financial, Inc., Class A		46		633
				120,823
Chemicals - 1.7%
Air Products & Chemicals, Inc.		31		6,808
Albemarle Corp.		19		1,555
Ashland Global Holdings, Inc.		13		930
Axalta Coating Systems Ltd.*		39		972
Cabot Corp.		18		673
Celanese Corp.		20		1,875
CF Industries Holdings, Inc.		62		2,285
Chemours Co. (The)		28		416
Corteva, Inc.		211		5,739

Dow, Inc.	213	8,607
DuPont de Nemours, Inc.	213	9,138
Eastman Chemical Co.	42	2,584
Ecolab, Inc.	26	4,692
Element Solutions, Inc.*	74	769
FMC Corp.	12	1,117
Huntsman Corp.	83	1,572
International Flavors & Fragrances, Inc.(b)	9	1,078
Linde plc	93	17,764
LyondellBasell Industries NV, Class A	120	8,575
Mosaic Co. (The)	112	1,907
Olin Corp.	44	712
PolyOne Corp.	18	446
PPG Industries, Inc.	42	4,387
RPM International, Inc.	23	1,475
Scotts Miracle-Gro Co. (The)	8	848
Sherwin-Williams Co. (The)	8	4,134
Trinseo SA	16	350
Westlake Chemical Corp.	6	335
		91,743
Commercial Services & Supplies - 0.3%
ABM Industries, Inc.	21	691
Cintas Corp.	6	1,600
Clean Harbors, Inc.*	15	1,043
Covanta Holding Corp.	38	508
Deluxe Corp.	13	433
IAA, Inc.*	21	897
KAR Auction Services, Inc.	20	385
Pitney Bowes, Inc.	175	599
Republic Services, Inc.	38	3,430
Stericycle, Inc.*	21	1,206
Waste Management, Inc.	62	6,870
		17,662
Communications Equipment - 0.6%
Ciena Corp.*	19	730
Cisco Systems, Inc.	683	27,272
CommScope Holding Co., Inc.*	56	617
EchoStar Corp., Class A*	17	594
F5 Networks, Inc.*	8	960
Juniper Networks, Inc.	63	1,337
Motorola Solutions, Inc.	15	2,485
ViaSat, Inc.*	7	402
		34,397
Construction & Engineering - 0.3%
AECOM*	96	4,314
Arcosa, Inc.	21	902
Dycom Industries, Inc.*	8	236
EMCOR Group, Inc.	17	1,308
Fluor Corp.	88	820
Jacobs Engineering Group, Inc.	34	3,140
MasTec, Inc.*	20	982
Quanta Services, Inc.	56	2,135
Tutor Perini Corp.*	44	638
Valmont Industries, Inc.	8	930
		15,405
Construction Materials - 0.1%
Martin Marietta Materials, Inc.	7	1,593
Vulcan Materials Co.	15	1,804
		3,397
Consumer Finance - 1.0%
Ally Financial, Inc.	199	4,989

RAFI^TM Long/Short  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
American Express Co.		110		12,093
Capital One Financial Corp.		220		19,417
Discover Financial Services		92		6,034
Navient Corp.		236		2,650
OneMain Holdings, Inc.		31		1,139
Santander Consumer USA Holdings, Inc.		48		1,171
SLM Corp.		71		736
Synchrony Financial		240		6,984
				55,213
Containers & Packaging - 0.5%
AptarGroup, Inc.		7		708
Avery Dennison Corp.		15		1,717
Ball Corp.		41		2,889
Berry Global Group, Inc.*		30		1,139
Crown Holdings, Inc.*		36		2,538
Graphic Packaging Holding Co.		81		1,095
International Paper Co.		140		5,174
O-I Glass, Inc.		88		950
Packaging Corp. of America		23		2,084
Sealed Air Corp.		36		1,091
Silgan Holdings, Inc.		19		544
Sonoco Products Co.		22		1,061
Westrock Co.		100		3,325
				24,315
Distributors - 0.1%
Core-Mark Holding Co., Inc.		37		851
Genuine Parts Co.		35		3,054
LKQ Corp.*		85		2,514
				6,419
Diversified Consumer Services - 0.1%
Graham Holdings Co., Class B		2		1,006
H&R Block, Inc.		61		1,261
Service Corp. International		22		1,051
ServiceMaster Global Holdings, Inc.*		15		537
				3,855
Diversified Financial Services - 1.3%
Berkshire Hathaway, Inc., Class B*		299		61,696
Equitable Holdings, Inc.		97		2,076
Jefferies Financial Group, Inc.		122		2,404
Voya Financial, Inc.		64		3,369
				69,545
Diversified Telecommunication Services - 3.4%
AT&T, Inc.		2,962		104,322
CenturyLink, Inc.		779		9,402
Frontier Communications Corp.*(b)		308		166
Verizon Communications, Inc.		1,248		67,592
Zayo Group Holdings, Inc.*		35		1,225
				182,707
Electric Utilities - 2.8%
ALLETE, Inc.		11		759
Alliant Energy Corp.		50		2,606
American Electric Power Co., Inc.		124		11,068
Avangrid, Inc.		13		646
Duke Energy Corp.		224		20,541
Edison International		105		7,055
Entergy Corp.		64		7,482
Evergy, Inc.		11		719
Eversource Energy		76		6,571
Exelon Corp.		309		13,321
FirstEnergy Corp.		105		4,676
Hawaiian Electric Industries, Inc.		33		1,414

IDACORP, Inc.	9	870
NextEra Energy, Inc.	76	19,210
OGE Energy Corp.	43	1,638
PG&E Corp.*	797	12,353
Pinnacle West Capital Corp.	29	2,595
PNM Resources, Inc.	20	942
Portland General Electric Co.	21	1,143
PPL Corp.	232	6,962
Southern Co. (The)	300	18,108
Xcel Energy, Inc.	120	7,478
		148,157
Electrical Equipment - 0.5%
Acuity Brands, Inc.	9	926
AMETEK, Inc.	20	1,720
Eaton Corp. plc	114	10,342
Emerson Electric Co.	127	8,142
EnerSys	7	431
Hubbell, Inc.	10	1,332
nVent Electric plc	36	864
Regal Beloit Corp.	11	854
Rockwell Automation, Inc.	15	2,753
Sensata Technologies Holding plc*	24	979
		28,343
Electronic Equipment, Instruments & Components - 0.8%
Amphenol Corp., Class A	26	2,384
Anixter International, Inc.*	16	1,560
Arrow Electronics, Inc.*	55	3,688
Avnet, Inc.	75	2,301
Belden, Inc.	10	399
Benchmark Electronics, Inc.	20	544
CDW Corp.	20	2,284
Corning, Inc.	159	3,794
Flex Ltd.*	442	4,911
FLIR Systems, Inc.	15	637
Insight Enterprises, Inc.*	19	1,047
Jabil, Inc.	94	3,013
Keysight Technologies, Inc.*	15	1,421
Plexus Corp.*	10	664
Sanmina Corp.*	38	999
SYNNEX Corp.	15	1,875
TE Connectivity Ltd.	62	5,138
Tech Data Corp.*	42	5,980
Trimble, Inc.*	25	987
Vishay Intertechnology, Inc.	24	449
Zebra Technologies Corp., Class A*	6	1,266
		45,341
Energy Equipment & Services - 0.6%
Baker Hughes Co.	335	5,390
Diamond Offshore Drilling, Inc.*(b)	74	226
Halliburton Co.	198	3,358
Helmerich & Payne, Inc.	34	1,254
Nabors Industries Ltd.	413	727
National Oilwell Varco, Inc.	171	3,199
Noble Corp. plc*	610	428
Oceaneering International, Inc.*	59	622
Patterson-UTI Energy, Inc.	76	436
Schlumberger Ltd.	435	11,784
Transocean Ltd.*	372	1,246
Valaris plc	189	697
		29,367

RAFI^TM Long/Short  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Entertainment - 0.8%
Activision Blizzard, Inc.		75		4,360
Cinemark Holdings, Inc.		27		701
Electronic Arts, Inc.*		23		2,331
Liberty Media Corp.-Liberty Formula One, Class A*		6		225
Liberty Media Corp.-Liberty Formula One, Class C*		36		1,406
Lions Gate Entertainment Corp., Class A*		9		72
Lions Gate Entertainment Corp., Class B*		22		163
Live Nation Entertainment, Inc.*		20		1,215
Netflix, Inc.*		8		2,952
Take-Two Interactive Software, Inc.*		6		645
Walt Disney Co. (The)		251		29,530
				43,600
Equity Real Estate Investment Trusts (REITs) - 2.7%
Alexandria Real Estate Equities, Inc.		14		2,126
American Campus Communities, Inc.		28		1,216
American Homes 4 Rent, Class A		31		803
American Tower Corp.		28		6,350
Apartment Investment & Management Co., Class A		18		861
Apple Hospitality REIT, Inc.		74		967
AvalonBay Communities, Inc.		21		4,212
Boston Properties, Inc.		28		3,610
Brandywine Realty Trust		45		611
Brixmor Property Group, Inc.		85		1,548
Brookfield Property REIT, Inc., Class A		29		473
Camden Property Trust		15		1,590
CBL & Associates Properties, Inc.(b)		421		223
Colony Capital, Inc.		244		966
Columbia Property Trust, Inc.		37		698
CoreCivic, Inc.		74		1,096
Corporate Office Properties Trust		23		583
Cousins Properties, Inc.		15		535
Crown Castle International Corp.		47		6,735
CubeSmart		22		666
CyrusOne, Inc.		10		606
DiamondRock Hospitality Co.		61		556
Digital Realty Trust, Inc.(b)		30		3,603
Diversified Healthcare Trust		109		686
Douglas Emmett, Inc.		21		802
Duke Realty Corp.		53		1,721
EPR Properties		11		652
Equinix, Inc.		6		3,437
Equity Commonwealth		20		629
Equity LifeStyle Properties, Inc.		15		1,025
Equity Residential		62		4,656
Essex Property Trust, Inc.		7		1,984
Extra Space Storage, Inc.		12		1,204
Federal Realty Investment Trust		8		931
Gaming and Leisure Properties, Inc.		29		1,295
GEO Group, Inc. (The)		45		659
Healthcare Realty Trust, Inc.		18		617
Healthcare Trust of America, Inc., Class A		34		1,059
Healthpeak Properties, Inc.		97		3,069

Highwoods Properties, Inc.	19	853
Host Hotels & Resorts, Inc.	200	2,896
Hudson Pacific Properties, Inc.	23	742
Invitation Homes, Inc.	37	1,062
Iron Mountain, Inc.	77	2,342
Kilroy Realty Corp.	15	1,090
Kimco Realty Corp.	102	1,770
Lamar Advertising Co., Class A	15	1,256
Lexington Realty Trust	59	612
Life Storage, Inc.	6	647
Macerich Co. (The)(b)	38	776
Mack-Cali Realty Corp.	24	456
Medical Properties Trust, Inc.	55	1,162
Mid-America Apartment Communities, Inc.	21	2,714
National Retail Properties, Inc.	21	1,068
Omega Healthcare Investors, Inc.	34	1,346
Outfront Media, Inc.	58	1,528
Paramount Group, Inc.	56	680
Park Hotels & Resorts, Inc.	50	913
Piedmont Office Realty Trust, Inc., Class A	37	799
Prologis, Inc.	85	7,164
Public Storage	15	3,137
Rayonier, Inc.	32	849
Realty Income Corp.	33	2,389
Regency Centers Corp.	21	1,206
Retail Properties of America, Inc., Class A	61	639
RLJ Lodging Trust	58	766
Ryman Hospitality Properties, Inc.	6	417
Sabra Health Care REIT, Inc.	33	645
SBA Communications Corp.	7	1,856
Service Properties Trust	62	1,121
Simon Property Group, Inc.	36	4,431
SITE Centers Corp.	67	771
SL Green Realty Corp.	21	1,647
Spirit Realty Capital, Inc.	25	1,138
STORE Capital Corp.	19	624
Sun Communities, Inc.	7	1,070
Sunstone Hotel Investors, Inc.	65	712
Taubman Centers, Inc.	15	781
UDR, Inc.	34	1,529
Uniti Group, Inc.	46	449
Ventas, Inc.	78	4,194
VEREIT, Inc.	289	2,503
VICI Properties, Inc.	38	952
Vornado Realty Trust	32	1,715
Washington Prime Group, Inc.(b)	156	429
Weingarten Realty Investors	25	673
Welltower, Inc.	82	6,135
Weyerhaeuser Co.	178	4,624
WP Carey, Inc.	21	1,626
Xenia Hotels & Resorts, Inc.	37	554
		146,518
Food & Staples Retailing - 2.3%
BJ's Wholesale Club Holdings, Inc.*	60	1,156
Casey's General Stores, Inc.	8	1,304
Costco Wholesale Corp.	103	28,957
Kroger Co. (The)	521	14,656
Performance Food Group Co.*	46	1,950
Rite Aid Corp.*(b)	101	1,376
Sprouts Farmers Market, Inc.*	28	447

RAFI^TM Long/Short  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Sysco Corp.		114		7,598
United Natural Foods, Inc.*		94		608
US Foods Holding Corp.*		111		3,734
Walgreens Boots Alliance, Inc.		238		10,891
Walmart, Inc.		457		49,210
				121,887
Food Products - 1.4%
Archer-Daniels-Midland Co.		303		11,408
B&G Foods, Inc.(b)		17		252
Bunge Ltd.		134		6,291
Campbell Soup Co.		49		2,211
Conagra Brands, Inc.		117		3,123
Darling Ingredients, Inc.*		46		1,182
Flowers Foods, Inc.		43		926
General Mills, Inc.		164		8,036
Hershey Co. (The)		21		3,024
Hormel Foods Corp.		32		1,331
Ingredion, Inc.		22		1,832
JM Smucker Co. (The)		32		3,296
Kellogg Co.		62		3,749
Kraft Heinz Co. (The)		199		4,929
Lamb Weston Holdings, Inc.		10		869
McCormick & Co., Inc. (Non-Voting)		12		1,754
Mondelez International, Inc., Class A		255		13,464
Nomad Foods Ltd.*		37		683
Post Holdings, Inc.*		11		1,114
Sanderson Farms, Inc.		9		1,112
TreeHouse Foods, Inc.*		17		648
Tyson Foods, Inc., Class A		90		6,105
				77,339
Gas Utilities - 0.1%
Atmos Energy Corp.		19		1,962
National Fuel Gas Co.		16		586
New Jersey Resources Corp.		17		600
ONE Gas, Inc.		8		657
South Jersey Industries, Inc.		18		487
Southwest Gas Holdings, Inc.		11		711
Spire, Inc.		10		750
UGI Corp.		41		1,478
				7,231
Health Care Equipment & Supplies - 1.5%
Abbott Laboratories		167		12,864
Baxter International, Inc.		52		4,340
Becton Dickinson and Co.		23		5,470
Boston Scientific Corp.*		74		2,767
Cooper Cos., Inc. (The)		5		1,623
Danaher Corp.		59		8,530
DENTSPLY SIRONA, Inc.		33		1,625
Edwards Lifesciences Corp.*		7		1,434
Hill-Rom Holdings, Inc.		9		864
Hologic, Inc.*		30		1,414
Intuitive Surgical, Inc.*		5		2,670
Medtronic plc		201		20,235
ResMed, Inc.		11		1,749
STERIS plc		7		1,110
Stryker Corp.		24		4,574
Teleflex, Inc.		5		1,675
Varian Medical Systems, Inc.*		6		738
Zimmer Biomet Holdings, Inc.		28		3,812
				77,494

Health Care Providers & Services - 3.4%
Acadia Healthcare Co., Inc.*	31	918
AmerisourceBergen Corp.	119	10,034
Anthem, Inc.	50	12,855
Brookdale Senior Living, Inc.*	156	1,025
Cardinal Health, Inc.	253	13,186
Centene Corp.*	107	5,673
Cigna Corp.	35	6,403
Community Health Systems, Inc.*	244	1,203
CVS Health Corp.	502	29,708
DaVita, Inc.*	51	3,959
Encompass Health Corp.	16	1,197
HCA Healthcare, Inc.	69	8,764
Henry Schein, Inc.*	40	2,438
Humana, Inc.	26	8,312
Laboratory Corp. of America Holdings*	21	3,689
Magellan Health, Inc.*	15	900
McKesson Corp.	161	22,517
MEDNAX, Inc.*	33	564
Molina Healthcare, Inc.*	16	1,961
Owens & Minor, Inc.	169	1,154
Patterson Cos., Inc.	37	880
Quest Diagnostics, Inc.	34	3,606
Select Medical Holdings Corp.*	34	814
Tenet Healthcare Corp.*	115	3,022
UnitedHealth Group, Inc.	128	32,635
Universal Health Services, Inc., Class B	17	2,104
		179,521
Health Care Technology - 0.0%(c)
Cerner Corp.	35	2,424
Hotels, Restaurants & Leisure - 1.4%
Aramark	76	2,640
Bloomin' Brands, Inc.	24	432
Brinker International, Inc.	15	515
Caesars Entertainment Corp.*	134	1,703
Carnival Corp.	107	3,580
Chipotle Mexican Grill, Inc.*	3	2,321
Cracker Barrel Old Country Store, Inc.	7	1,003
Darden Restaurants, Inc.	22	2,145
Domino's Pizza, Inc.	4	1,358
Dunkin' Brands Group, Inc.	7	466
Extended Stay America, Inc.	46	505
Hilton Worldwide Holdings, Inc.	22	2,138
Hyatt Hotels Corp., Class A	7	536
International Game Technology plc	44	468
Las Vegas Sands Corp.	76	4,432
Marriott International, Inc., Class A	26	3,224
McDonald's Corp.	98	19,029
MGM Resorts International	105	2,579
Norwegian Cruise Line Holdings Ltd.*	45	1,677
Penn National Gaming, Inc.*	25	739
Royal Caribbean Cruises Ltd.	29	2,332
Six Flags Entertainment Corp.	14	354
Starbucks Corp.	108	8,470
Vail Resorts, Inc.	6	1,276
Wyndham Destinations, Inc.	17	678
Wyndham Hotels & Resorts, Inc.	14	713
Wynn Resorts Ltd.	23	2,484
Yum China Holdings, Inc.	35	1,533

RAFI^TM Long/Short  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Yum! Brands, Inc.		44		3,927
				73,257
Household Durables - 0.6%
DR Horton, Inc.		65		3,463
Garmin Ltd.		22		1,945
KB Home		24		782
Leggett & Platt, Inc.		28		1,110
Lennar Corp., Class A		50		3,017
Meritage Homes Corp.*		17		1,079
Mohawk Industries, Inc.*		22		2,665
Newell Brands, Inc.		219		3,379
NVR, Inc.*		1		3,667
PulteGroup, Inc.		69		2,774
Taylor Morrison Home Corp., Class A*		51		1,149
Tempur Sealy International, Inc.*		10		747
Toll Brothers, Inc.		32		1,185
TRI Pointe Group, Inc.*		51		782
Tupperware Brands Corp.		25		71
Whirlpool Corp.		31		3,964
				31,779
Household Products - 1.4%
Church & Dwight Co., Inc.		23		1,599
Clorox Co. (The)		16		2,551
Colgate-Palmolive Co.		117		7,906
Kimberly-Clark Corp.		65		8,527
Procter & Gamble Co. (The)		446		50,500
Spectrum Brands Holdings, Inc.		21		1,132
				72,215
Independent Power and Renewable Electricity Producers - 0.1%
AES Corp.		257		4,300
NRG Energy, Inc.		48		1,594
Vistra Energy Corp.		101		1,942
				7,836
Industrial Conglomerates - 1.6%
3M Co.		77		11,492
Carlisle Cos., Inc.		9		1,308
General Electric Co.		5,020		54,618
Honeywell International, Inc.		95		15,406
Roper Technologies, Inc.		6		2,110
				84,934
Insurance - 3.8%
Aflac, Inc.		199		8,527
Alleghany Corp.*		6		4,033
Allstate Corp. (The)		106		11,156
American Equity Investment Life Holding Co.		33		834
American Financial Group, Inc.		21		1,941
American International Group, Inc.		542		22,851
Aon plc		20		4,160
Arch Capital Group Ltd.*		80		3,234
Arthur J Gallagher & Co.		26		2,535
Assurant, Inc.		20		2,412
Assured Guaranty Ltd.		43		1,755
Athene Holding Ltd., Class A*		54		2,227
Axis Capital Holdings Ltd.		29		1,627
Brighthouse Financial, Inc.*		76		2,724
Brown & Brown, Inc.		28		1,204
Chubb Ltd.		105		15,228
Cincinnati Financial Corp.		35		3,263
CNO Financial Group, Inc.		86		1,378
Everest Re Group Ltd.		12		2,975
Fidelity National Financial, Inc.		67		2,597

First American Financial Corp.	30	1,713
Genworth Financial, Inc., Class A*	552	2,153
Globe Life, Inc.	22	2,039
Hanover Insurance Group, Inc. (The)	11	1,304
Hartford Financial Services Group, Inc. (The)	136	6,793
Kemper Corp.	7	482
Lincoln National Corp.	81	3,677
Loews Corp.	104	4,746
Markel Corp.*	4	4,726
Marsh & McLennan Cos., Inc.	63	6,587
MetLife, Inc.	393	16,789
Old Republic International Corp.	102	2,011
Primerica, Inc.	9	1,002
Principal Financial Group, Inc.	104	4,617
ProAssurance Corp.	21	570
Progressive Corp. (The)	87	6,365
Prudential Financial, Inc.	198	14,939
Reinsurance Group of America, Inc.	21	2,563
RenaissanceRe Holdings Ltd.	7	1,193
Selective Insurance Group, Inc.	10	558
Travelers Cos., Inc. (The)	103	12,340
Unum Group	89	2,075
White Mountains Insurance Group Ltd.	1	990
Willis Towers Watson plc	20	3,785
WR Berkley Corp.	36	2,417
		203,095
Interactive Media & Services - 1.5%
Alphabet, Inc., Class A*	20	26,785
Alphabet, Inc., Class C*	20	26,787
Facebook, Inc., Class A*	120	23,096
IAC/InterActiveCorp*	6	1,224
Twitter, Inc.*	33	1,095
Yandex NV, Class A*	18	731
		79,718
Internet & Direct Marketing Retail - 0.8%
Amazon.com, Inc.*	14	26,372
Booking Holdings, Inc.*	5	8,478
eBay, Inc.	103	3,568
Expedia Group, Inc.	22	2,170
Qurate Retail, Inc., Series A*	156	1,064
		41,652
IT Services - 2.5%
Accenture plc, Class A	71	12,822
Akamai Technologies, Inc.*	21	1,817
Alliance Data Systems Corp.	8	687
Amdocs Ltd.	26	1,658
Automatic Data Processing, Inc.	34	5,261
Black Knight, Inc.*	14	934
Booz Allen Hamilton Holding Corp.	24	1,711
Broadridge Financial Solutions, Inc.	11	1,148
CACI International, Inc., Class A*	9	2,205
Cognizant Technology Solutions Corp., Class A	54	3,290
Conduent, Inc.*	116	379
CoreLogic, Inc.	16	726
DXC Technology Co.	62	1,495
Euronet Worldwide, Inc.*	7	868

RAFI^TM Long/Short  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Fidelity National Information Services, Inc.		50		6,986
Fiserv, Inc.*		50		5,468
FleetCor Technologies, Inc.*		9		2,392
Gartner, Inc.*		7		906
Global Payments, Inc.		20		3,679
International Business Machines Corp.		260		33,839
Jack Henry & Associates, Inc.		9		1,366
KBR, Inc.		46		1,194
Leidos Holdings, Inc.		36		3,695
Mastercard, Inc., Class A		30		8,708
Paychex, Inc.		35		2,712
PayPal Holdings, Inc.*		60		6,479
Perspecta, Inc.		44		1,099
Sabre Corp.		45		613
Science Applications International Corp.		7		561
Visa, Inc., Class A		86		15,631
Western Union Co. (The)		117		2,620
WEX, Inc.*		6		1,123
				134,072
Leisure Products - 0.1%
Brunswick Corp.		19		1,011
Hasbro, Inc.		22		1,700
Mattel, Inc.*(b)		182		2,146
Polaris, Inc.		16		1,320
				6,177
Life Sciences Tools & Services - 0.4%
Agilent Technologies, Inc.		21		1,619
Bio-Rad Laboratories, Inc., Class A*		4		1,408
Charles River Laboratories International, Inc.*		7		1,089
ICON plc*		7		1,093
Illumina, Inc.*		6		1,594
IQVIA Holdings, Inc.*		17		2,371
Mettler-Toledo International, Inc.*		2		1,403
PerkinElmer, Inc.		7		605
Thermo Fisher Scientific, Inc.		32		9,306
Waters Corp.*		7		1,364
				21,852
Machinery - 1.5%
AGCO Corp.		21		1,269
Allison Transmission Holdings, Inc.		17		690
Caterpillar, Inc.		109		13,542
Colfax Corp.*		37		1,238
Crane Co.		7		476
Cummins, Inc.		34		5,144
Deere & Co.		63		9,858
Donaldson Co., Inc.		17		766
Dover Corp.		22		2,260
Flowserve Corp.		26		1,045
Fortive Corp.		20		1,383
Graco, Inc.		13		641
IDEX Corp.		6		888
Illinois Tool Works, Inc.		45		7,550
Ingersoll-Rand plc		38		4,904
ITT, Inc.		14		842
Kennametal, Inc.		15		417
Lincoln Electric Holdings, Inc.		8		655
Meritor, Inc.*		26		590

Middleby Corp. (The)*	9	1,006
Mueller Industries, Inc.	18	504
Navistar International Corp.*	19	690
Nordson Corp.	8	1,163
Oshkosh Corp.	19	1,371
PACCAR, Inc.	91	6,088
Parker-Hannifin Corp.	20	3,695
Pentair plc	33	1,300
Rexnord Corp.	23	671
Snap-on, Inc.	9	1,303
Stanley Black & Decker, Inc.	30	4,311
Terex Corp.	24	528
Timken Co. (The)	18	807
Toro Co. (The)	10	714
Trinity Industries, Inc.	51	1,038
WABCO Holdings, Inc.*	7	946
Westinghouse Air Brake Technologies Corp.	12	824
Xylem, Inc.	20	1,547
		82,664
Marine - 0.0%(c)
Kirby Corp.*	15	956
Media - 1.7%
Altice USA, Inc., Class A*	108	2,793
AMC Networks, Inc., Class A*	8	248
Charter Communications, Inc., Class A*	28	13,809
Comcast Corp., Class A	992	40,107
Discovery, Inc., Class A*	21	540
Discovery, Inc., Class C*	50	1,255
DISH Network Corp., Class A*	74	2,480
Fox Corp., Class A	35	1,076
Fox Corp., Class B	17	518
Interpublic Group of Cos., Inc. (The)	88	1,880
Liberty Broadband Corp., Class A*	4	495
Liberty Broadband Corp., Class C*	11	1,385
Liberty Global plc, Class A*	86	1,679
Liberty Global plc, Class C*	226	4,201
Liberty Latin America Ltd., Class A*	14	212
Liberty Latin America Ltd., Class C*	42	638
Liberty Media Corp.-Liberty SiriusXM, Class A*	23	1,027
Liberty Media Corp.-Liberty SiriusXM, Class C*	47	2,097
Meredith Corp.	7	184
News Corp., Class A	121	1,461
News Corp., Class B	34	423
Nexstar Media Group, Inc., Class A	9	1,035
Omnicom Group, Inc.	61	4,226
Sinclair Broadcast Group, Inc., Class A	18	418
TEGNA, Inc.	61	873
ViacomCBS, Inc.	166	4,085
		89,145
Metals & Mining - 0.5%
AK Steel Holding Corp.*	358	827
Alcoa Corp.*	91	1,262
Allegheny Technologies, Inc.*	21	359
Carpenter Technology Corp.	12	441

RAFI^TM Long/Short  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Cleveland-Cliffs, Inc.(b)		62		360
Commercial Metals Co.		61		1,114
Compass Minerals International, Inc.		11		600
Constellium SE, Class A*		78		967
Freeport-McMoRan, Inc.		520		5,179
Newmont Corp.		94		4,195
Nucor Corp.		91		3,763
Reliance Steel & Aluminum Co.		26		2,660
Royal Gold, Inc.		9		868
Steel Dynamics, Inc.		49		1,305
United States Steel Corp.(b)		76		610
Warrior Met Coal, Inc.		18		319
				24,829
Mortgage Real Estate Investment Trusts (REITs) - 0.3%
AGNC Investment Corp.		134		2,283
Annaly Capital Management, Inc.		431		3,818
Blackstone Mortgage Trust, Inc., Class A		22		793
Chimera Investment Corp.		75		1,474
Invesco Mortgage Capital, Inc.		46		740
MFA Financial, Inc.		129		933
New Residential Investment Corp.		105		1,634
PennyMac Mortgage Investment Trust		31		642
Starwood Property Trust, Inc.		77		1,708
Two Harbors Investment Corp.		74		1,003
				15,028
Multiline Retail - 0.8%
Big Lots, Inc.		24		380
Dollar General Corp.		36		5,411
Dollar Tree, Inc.*		45		3,736
JC Penney Co., Inc.*(b)		1,289		889
Kohl's Corp.		75		2,936
Macy's, Inc.		254		3,360
Nordstrom, Inc.		58		2,013
Target Corp.		225		23,175
				41,900
Multi-Utilities - 1.1%
Ameren Corp.		57		4,503
Avista Corp.		21		990
Black Hills Corp.		10		722
CenterPoint Energy, Inc.		124		2,854
CMS Energy Corp.		62		3,746
Consolidated Edison, Inc.		96		7,567
Dominion Energy, Inc.		143		11,180
DTE Energy Co.		45		5,025
NiSource, Inc.		75		2,027
NorthWestern Corp.		12		844
Public Service Enterprise Group, Inc.		130		6,670
Sempra Energy		57		7,967
WEC Energy Group, Inc.		60		5,540
				59,635
Oil, Gas & Consumable Fuels - 4.6%
Antero Resources Corp.*		195		312
Apache Corp.		85		2,118
Cabot Oil & Gas Corp.		32		446
Chesapeake Energy Corp.*(b)		612		168
Chevron Corp.		601		56,097
Cimarex Energy Co.		9		297
CNX Resources Corp.*		80		425
Concho Resources, Inc.		21		1,428

ConocoPhillips	295	14,284
Continental Resources, Inc.	9	171
Cosan Ltd., Class A*	83	1,516
Delek US Holdings, Inc.	28	599
Devon Energy Corp.	120	1,949
Diamondback Energy, Inc.	10	620
EOG Resources, Inc.	64	4,049
EQT Corp.	74	434
Exxon Mobil Corp.	1,415	72,788
Gulfport Energy Corp.*	73	60
Hess Corp.	65	3,652
HollyFrontier Corp.	62	2,088
Kinder Morgan, Inc.	653	12,518
Marathon Oil Corp.	270	2,236
Marathon Petroleum Corp.	204	9,674
Murphy Oil Corp.	75	1,414
Noble Energy, Inc.	139	2,200
Oasis Petroleum, Inc.*	157	257
Occidental Petroleum Corp.	227	7,432
ONEOK, Inc.	62	4,137
Parsley Energy, Inc., Class A	43	576
PBF Energy, Inc., Class A	74	1,657
PDC Energy, Inc.*	18	342
Peabody Energy Corp.	24	140
Phillips 66	182	13,624
Pioneer Natural Resources Co.	20	2,456
QEP Resources, Inc.	120	270
Range Resources Corp.(b)	107	296
SM Energy Co.	44	289
Targa Resources Corp.	61	1,976
Valero Energy Corp.	219	14,509
Whiting Petroleum Corp.*(b)	31	57
Williams Cos., Inc. (The)	259	4,934
World Fuel Services Corp.	55	1,555
WPX Energy, Inc.*	86	802
		246,852
Paper & Forest Products - 0.0%(c)
Domtar Corp.	25	719
Louisiana-Pacific Corp.	26	740
		1,459
Personal Products - 0.1%
Coty, Inc., Class A	85	785
Edgewell Personal Care Co.*	15	455
Estee Lauder Cos., Inc. (The), Class A	15	2,754
Herbalife Nutrition Ltd.*	11	356
Nu Skin Enterprises, Inc., Class A	10	245
		4,595
Pharmaceuticals - 3.2%
Allergan plc	80	15,254
Bristol-Myers Squibb Co.	302	17,836
Catalent, Inc.*	16	824
Eli Lilly & Co.	91	11,478
Jazz Pharmaceuticals plc*	7	802
Johnson & Johnson	388	52,178
Mallinckrodt plc*	90	385
Merck & Co., Inc.	387	29,629
Mylan NV*	159	2,733
Perrigo Co. plc	32	1,622
Pfizer, Inc.	1,078	36,027
Zoetis, Inc.	21	2,798
		171,566

RAFI^TM Long/Short  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Professional Services - 0.3%
CoStar Group, Inc.*		2		1,335
Equifax, Inc.		15		2,131
IHS Markit Ltd.		34		2,422
ManpowerGroup, Inc.		34		2,582
Nielsen Holdings plc		120		2,185
Robert Half International, Inc.		20		1,008
TransUnion		14		1,245
Verisk Analytics, Inc.		9		1,396
				14,304
Real Estate Management & Development - 0.1%
CBRE Group, Inc., Class A*		54		3,032
Howard Hughes Corp. (The)*		9		971
Jones Lang LaSalle, Inc.		7		1,034
Realogy Holdings Corp.(b)		70		649
				5,686
Road & Rail - 0.8%
Avis Budget Group, Inc.*		97		3,140
CSX Corp.		103		7,256
Hertz Global Holdings, Inc.*		175		2,238
JB Hunt Transport Services, Inc.		11		1,061
Kansas City Southern		18		2,712
Knight-Swift Transportation Holdings, Inc.		27		862
Landstar System, Inc.		9		909
Norfolk Southern Corp.		42		7,659
Old Dominion Freight Line, Inc.		8		1,551
Ryder System, Inc.		35		1,332
Union Pacific Corp.		95		15,182
YRC Worldwide, Inc.*(b)		102		216
				44,118
Semiconductors & Semiconductor Equipment - 2.8%
Advanced Micro Devices, Inc.*		29		1,319
Analog Devices, Inc.		33		3,599
Applied Materials, Inc.		126		7,323
Broadcom, Inc.		24		6,543
Cree, Inc.*		14		626
Cypress Semiconductor Corp.		42		970
First Solar, Inc.*		28		1,281
Intel Corp.		806		44,749
KLA Corp.		34		5,226
Lam Research Corp.		14		4,108
Marvell Technology Group Ltd.		56		1,193
Maxim Integrated Products, Inc.		35		1,947
Microchip Technology, Inc.		21		1,905
Micron Technology, Inc.*		214		11,248
NVIDIA Corp.		22		5,941
NXP Semiconductors NV		52		5,912
ON Semiconductor Corp.*		60		1,120
Qorvo, Inc.*		21		2,112
QUALCOMM, Inc.		363		28,423
Skyworks Solutions, Inc.		21		2,104
Teradyne, Inc.		20		1,175
Texas Instruments, Inc.		97		11,072
Xilinx, Inc.		17		1,419
				151,315
Software - 2.6%
Adobe, Inc.*		12		4,141
ANSYS, Inc.*		7		1,695
Avaya Holdings Corp.*		31		402
Cadence Design Systems, Inc.*		12		794
CDK Global, Inc.		9		414
Cerence, Inc.*		3		65

Check Point Software Technologies Ltd.*	8	830
Citrix Systems, Inc.	7	724
Intuit, Inc.	8	2,127
Microsoft Corp.	625	101,256
NortonLifeLock, Inc.	167	3,178
Nuance Communications, Inc.*	46	995
Oracle Corp.	345	17,064
salesforce.com, Inc.*	20	3,408
SS&C Technologies Holdings, Inc.	10	555
Synopsys, Inc.*	11	1,517
Teradata Corp.*	14	279
VMware, Inc., Class A*	5	603
		140,047
Specialty Retail - 2.1%
Aaron's, Inc.	13	511
Abercrombie & Fitch Co., Class A	35	460
Advance Auto Parts, Inc.	10	1,330
American Eagle Outfitters, Inc.	43	554
Asbury Automotive Group, Inc.*	15	1,330
Ascena Retail Group, Inc.*	14	53
AutoNation, Inc.*	58	2,478
AutoZone, Inc.*	5	5,163
Bed Bath & Beyond, Inc.(b)	138	1,492
Best Buy Co., Inc.	95	7,187
Burlington Stores, Inc.*	9	1,946
CarMax, Inc.*	53	4,627
Designer Brands, Inc., Class A	16	216
Dick's Sporting Goods, Inc.	31	1,129
Foot Locker, Inc.	33	1,196
GameStop Corp., Class A(b)	166	598
Gap, Inc. (The)	92	1,318
Genesco, Inc.*	12	413
Group 1 Automotive, Inc.	20	1,705
Home Depot, Inc. (The)	134	29,191
L Brands, Inc.	149	3,227
Lithia Motors, Inc., Class A	11	1,311
Lowe's Cos., Inc.	131	13,961
Michaels Cos., Inc. (The)*	51	219
Murphy USA, Inc.*	23	2,242
Office Depot, Inc.	467	1,097
O'Reilly Automotive, Inc.*	9	3,318
Penske Automotive Group, Inc.	23	1,058
Ross Stores, Inc.	34	3,699
Sally Beauty Holdings, Inc.*	45	560
Signet Jewelers Ltd.	57	1,329
Tiffany & Co.	19	2,538
TJX Cos., Inc. (The)	159	9,508
Tractor Supply Co.	16	1,416
Ulta Beauty, Inc.*	6	1,543
Urban Outfitters, Inc.*	20	470
Williams-Sonoma, Inc.	24	1,497
		111,890
Technology Hardware, Storage & Peripherals - 4.0%
Apple, Inc.	653	178,504
Dell Technologies, Inc., Class C*	49	1,983
Diebold Nixdorf, Inc.*	74	519
Hewlett Packard Enterprise Co.	585	7,482
HP, Inc.	348	7,235
NCR Corp.*	54	1,361
NetApp, Inc.	32	1,495
Seagate Technology plc	103	4,939
Western Digital Corp.	120	6,667

RAFI^TM Long/Short  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Xerox Holdings Corp.		83		2,673
				212,858
Textiles, Apparel & Luxury Goods - 0.4%
Capri Holdings Ltd.*		35		904
Carter's, Inc.		7		640
Fossil Group, Inc.*		44		202
Hanesbrands, Inc.		74		980
Kontoor Brands, Inc.(b)		6		202
Lululemon Athletica, Inc.*		7		1,522
NIKE, Inc., Class B		97		8,670
PVH Corp.		20		1,482
Ralph Lauren Corp.		11		1,161
Skechers U.S.A., Inc., Class A*		21		695
Tapestry, Inc.		70		1,641
Under Armour, Inc., Class A*		18		255
Under Armour, Inc., Class C*		19		237
VF Corp.		40		2,880
				21,471
Thrifts & Mortgage Finance - 0.1%
MGIC Investment Corp.		75		902
New York Community Bancorp, Inc.		200		2,162
Radian Group, Inc.		31		658
Washington Federal, Inc.		21		630
				4,352
Tobacco - 0.9%
Altria Group, Inc.		446		18,005
Philip Morris International, Inc.		344		28,163
Universal Corp.		11		543
				46,711
Trading Companies & Distributors - 0.4%
AerCap Holdings NV*		63		3,281
Air Lease Corp.		22		844
Beacon Roofing Supply, Inc.*		20		594
Fastenal Co.		65		2,224
GATX Corp.		11		787
HD Supply Holdings, Inc.*		32		1,217
MRC Global, Inc.*		38		331
MSC Industrial Direct Co., Inc., Class A		9		556
NOW, Inc.*		35		309
Rush Enterprises, Inc., Class A		15		629
United Rentals, Inc.*		23		3,047
Univar Solutions, Inc.*		57		968
Watsco, Inc.		9		1,413
WESCO International, Inc.*		31		1,258
WW Grainger, Inc.		6		1,665
				19,123
Transportation Infrastructure - 0.0%(c)
Macquarie Infrastructure Corp.		35		1,374
Water Utilities - 0.1%
American Water Works Co., Inc.		26		3,215
Essential Utilities, Inc.		24		1,032
				4,247
Wireless Telecommunication Services - 0.2%
Sprint Corp.*		367		3,373
Telephone & Data Systems, Inc.		40		806
T-Mobile US, Inc.*		71		6,401
				10,580
TOTAL COMMON STOCKS (Cost $3,869,692)				4,542,728

SECURITIES LENDING REINVESTMENTS(d) - 0.2%
INVESTMENT COMPANIES - 0.2%
BlackRock Liquidity FedFund, Institutional Class
1.49% (Cost $8,588)	8,588	8,588

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 14.0%
REPURCHASE AGREEMENTS(e) - 14.0%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $749,092  (Cost $748,994)		748,994	748,994
Total Investments - 99.3%  (Cost $4,627,274)			5,300,310
Other Assets Less Liabilities - 0.7%			36,404
Net Assets - 100.0%			5,336,714

RAFI^TM Long/Short  

Schedule of Portfolio Investments  

February 29, 2020 (Unaudited)

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $114,940.
(b)	The security or a portion of this security is on loan at February 29, 2020. The total value of securities on loan at February 29, 2020 was $12,675, collateralized in the form of cash with a value of $8,588 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments and $4,526 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 6.13%, and maturity dates ranging from March 19, 2020 – November 15, 2049; a total value of $13,114.
(c)	Represents less than 0.05% of net assets.
(d)	The security was purchased with cash collateral held from securities on loan at February 29, 2020. The total value of securities purchased was $8,588.
(e)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

RAFI^TM Long/Short had the following open non-exchange traded total return swap agreements as of February 29, 2020:

Notional Amount ($)			Termination Date(1)	Counterparty	Rate Paid (Received)(2)			Underlying Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(462,357	)	12/7/2020	Goldman Sachs International		(1.77	)%	Russell 1000 Total Return Index		(63,615	)
	46,153		12/7/2020	Goldman Sachs International		2.02	%	FTSE RAFI US 1000 Total Return Index		31,449
	(4,305,508	)	1/6/2021	Societe Generale		(1.37	)%	Russell 1000 Total Return Index		113,379
	125,044		1/6/2021	Societe Generale		1.87	%	FTSE RAFI US 1000 Total Return Index		(13,643	)
	(4,596,668	)								67,570
								Total Unrealized Appreciation		144,828
								Total Unrealized Depreciation		(77,258	)

(1)	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
(2)	Reflects the floating financing rate, as of February 29, 2020, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Russell 2000 Dividend Growers ETF
Schedule of Portfolio Investments
February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 99.6%
Banks - 9.3%
BancFirst Corp.		213,055		10,929,722
Community Bank System, Inc.		187,680		11,412,821
Southside Bancshares, Inc.		356,153		11,475,250
Tompkins Financial Corp.		145,413		11,557,425
UMB Financial Corp.		188,341		10,952,029
United Bankshares, Inc.		336,080		9,705,990
				66,033,237
Capital Markets - 1.5%
Westwood Holdings Group, Inc.		425,933		10,810,180
Chemicals - 7.9%
Balchem Corp.		124,489		11,759,231
HB Fuller Co.		249,523		9,788,787
Quaker Chemical Corp.		83,608		13,174,113
Sensient Technologies Corp.		198,834		9,778,656
Stepan Co.		130,518		11,463,396
				55,964,183
Commercial Services & Supplies - 9.7%
ABM Industries, Inc.		334,598		11,014,966
Brady Corp., Class A		220,651		10,445,618
Healthcare Services Group, Inc.		500,438		13,782,063
Matthews International Corp., Class A		326,701		9,657,282
McGrath RentCorp		166,902		11,591,344
MSA Safety, Inc.		100,947		12,282,221
				68,773,494
Electric Utilities - 3.3%
ALLETE, Inc.		160,876		11,098,835
Portland General Electric Co.		230,645		12,549,395
				23,648,230
Electronic Equipment, Instruments & Components - 1.8%
Badger Meter, Inc.		208,014		12,524,523
Equity Real Estate Investment Trusts (REITs) - 6.3%
National Health Investors, Inc.		156,235		12,769,086
Tanger Factory Outlet Centers, Inc.(a)		815,406		9,768,564
Universal Health Realty Income Trust		104,604		11,267,943
Urstadt Biddle Properties, Inc., Class A		520,862		10,734,966
				44,540,559
Food & Staples Retailing - 1.4%
Andersons, Inc. (The)		534,369		9,816,358
Food Products - 6.2%
Calavo Growers, Inc.		143,533		10,398,966
J&J Snack Foods Corp.		67,601		10,871,593
Lancaster Colony Corp.		80,668		11,652,492
Tootsie Roll Industries, Inc.(a)		357,352		11,463,867
				44,386,918
Gas Utilities - 9.6%
Chesapeake Utilities Corp.		137,152		11,726,496
New Jersey Resources Corp.		298,722		10,547,874
Northwest Natural Holding Co.		187,014		12,299,911
South Jersey Industries, Inc.		411,770		11,138,378
Southwest Gas Holdings, Inc.		169,810		10,983,311
Spire, Inc.		160,419		12,039,446
				68,735,416
Health Care Equipment & Supplies - 3.0%
Atrion Corp.		18,081		11,143,501
Utah Medical Products, Inc.		119,798		10,470,345
				21,613,846
Health Care Providers & Services - 5.2%
Ensign Group, Inc. (The)		293,172		13,046,154
National HealthCare Corp.		149,666		11,106,714
Pennant Group, Inc. (The)*		487,249		13,238,555
				37,391,423
Insurance - 3.1%
American Equity Investment Life Holding Co.		429,951		10,869,161
RLI Corp.		139,186		11,187,771
				22,056,932
IT Services - 1.5%
Cass Information Systems, Inc.		224,696		10,549,477
Machinery - 6.4%
Franklin Electric Co., Inc.		228,232		11,797,312
Gorman-Rupp Co. (The)		345,823		11,062,878
Hillenbrand, Inc.		388,699		9,095,556
Lindsay Corp.		139,858		13,850,138
				45,805,884
Media - 1.3%
Meredith Corp.		360,787		9,506,737
Multi-Utilities - 5.2%
Avista Corp.		269,555		12,709,518
Black Hills Corp.		166,347		12,010,253
NorthWestern Corp.		177,961		12,517,777
				37,237,548
Personal Products - 1.5%
Inter Parfums, Inc.		175,226		10,524,074
Specialty Retail - 2.7%
Aaron’s, Inc.		216,113		8,499,724
Group 1 Automotive, Inc.		123,120		10,493,518
				18,993,242
Thrifts & Mortgage Finance - 1.5%
Northwest Bancshares, Inc.		769,195		10,684,119
Tobacco - 3.2%
Universal Corp.		239,184		11,803,730
Vector Group Ltd.		952,298		11,065,703
				22,869,433
Trading Companies & Distributors - 1.6%
GATX Corp.		155,694		11,136,792
Water Utilities - 6.4%
American States Water Co.		147,382		11,287,987
California Water Service Group		245,912		11,793,940
Middlesex Water Co.		201,383		11,976,247
SJW Group		178,223		10,903,683
				45,961,857
TOTAL COMMON STOCKS (Cost $754,070,897)				709,564,462

Russell 2000 Dividend Growers ETF
Schedule of Portfolio Investments
February 29, 2020 (Unaudited)

Investments	Shares	Value ($)
SECURITIES LENDING REINVESTMENTS(b) - 2.0%
INVESTMENT COMPANIES - 2.0%
BlackRock Liquidity FedFund, Institutional Class 1.49% (Cost $14,092,926)	14,092,926	14,092,926

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 0.2%
REPURCHASE AGREEMENTS(c) - 0.2%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $1,631,571
(Cost $1,631,356)	1,631,356	1,631,356
Total Investments - 101.8%  (Cost $769,795,179)		725,288,744
Liabilities in excess of other assets - (1.8%)		(13,044,590	)
Net Assets - 100.0%		712,244,154

*	Non-income producing security.
(a)	The security or a portion of this security is on loan at February 29, 2020. The total value of securities on loan at February 29, 2020 was $13,495,422, collateralized in the form of cash with a value of $14,092,926 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments.
(b)	The security was purchased with cash collateral held from securities on loan at February 29, 2020. The total value of securities purchased was $14,092,926.
(c)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Russell U.S. Dividend Growers ETF
Schedule of Portfolio Investments
February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 99.6%
Banks - 2.9%
Commerce Bancshares, Inc.		5,533		337,734
United Bankshares, Inc.		9,407		271,674
				609,408
Beverages - 3.3%
Coca-Cola Co. (The)		6,560		350,894
PepsiCo, Inc.		2,604		343,806
				694,700
Capital Markets - 4.4%
Eaton Vance Corp.		7,559		311,884
Franklin Resources, Inc.		13,229		287,863
S&P Global, Inc.		1,303		346,481
				946,228
Chemicals - 8.6%
Air Products & Chemicals, Inc.		1,541		338,419
HB Fuller Co.		6,982		273,904
PPG Industries, Inc.		2,694		281,388
RPM International, Inc.		4,800		307,728
Sherwin-Williams Co. (The)		615		317,801
Stepan Co.		3,649		320,492
				1,839,732
Commercial Services & Supplies - 4.8%
ABM Industries, Inc.		9,363		308,230
Cintas Corp.		1,391		371,035
MSA Safety, Inc.		2,821		343,231
				1,022,496
Containers & Packaging - 1.3%
Sonoco Products Co.		5,812		280,197
Distributors - 1.4%
Genuine Parts Co.		3,447		300,716
Electric Utilities - 1.5%
MGE Energy, Inc.		4,621		329,662
Electrical Equipment - 1.4%
Emerson Electric Co.		4,759		305,099
Energy Equipment & Services - 1.5%
Helmerich & Payne, Inc.		8,786		324,116
Equity Real Estate Investment Trusts (REITs) - 1.5%
Federal Realty Investment Trust		2,714		315,747
Food & Staples Retailing - 4.2%
Sysco Corp.		4,320		287,928
Walgreens Boots Alliance, Inc.		6,090		278,678
Walmart, Inc.		2,983		321,210
				887,816
Food Products - 6.0%
Archer-Daniels-Midland Co.		8,139		306,433
Hormel Foods Corp.		7,875		327,600
Lancaster Colony Corp.		2,259		326,313
Tootsie Roll Industries, Inc.		10,002		320,864
				1,281,210
Gas Utilities - 3.0%
National Fuel Gas Co.		7,917		289,842
Northwest Natural Holding Co.		5,238		344,503
				634,345
Health Care Equipment & Supplies - 4.5%
Abbott Laboratories		4,179		321,908
Becton Dickinson and Co.		1,370		325,814
Medtronic plc		3,160		318,117
				965,839
Hotels, Restaurants & Leisure - 1.7%
McDonald’s Corp.		1,831		355,525
Household Durables - 1.3%
Leggett & Platt, Inc.		6,732		266,991
Household Products - 6.6%
Clorox Co. (The)		2,356		375,593
Colgate-Palmolive Co.		5,237		353,864
Kimberly-Clark Corp.		2,610		342,406
Procter & Gamble Co. (The)		2,876		325,649
				1,397,512
Industrial Conglomerates - 1.5%
3M Co.		2,084		311,016
Insurance - 5.8%
Aflac, Inc.		6,738		288,723
Cincinnati Financial Corp.		3,392		316,270
Old Republic International Corp.		15,879		313,134
RLI Corp.		3,901		313,563
				1,231,690
IT Services - 1.5%
Automatic Data Processing, Inc.		2,100		324,954
Machinery - 9.1%
Dover Corp.		3,172		325,891
Gorman-Rupp Co. (The)		9,685		309,823
Illinois Tool Works, Inc.		2,046		343,278
Nordson Corp.		2,132		309,780
Stanley Black & Decker, Inc.		2,250		323,325
Tennant Co.		4,511		322,717
				1,934,814
Metals & Mining - 1.2%
Nucor Corp.		6,202		256,453
Multiline Retail - 1.4%
Target Corp.		2,858		294,374
Multi-Utilities - 3.1%
Black Hills Corp.		4,656		336,163
Consolidated Edison, Inc.		4,115		324,344
				660,507
Oil, Gas & Consumable Fuels - 1.2%
Exxon Mobil Corp.		5,135		264,144
Pharmaceuticals - 1.6%
Johnson & Johnson		2,547		342,521
Specialty Retail - 1.5%
Lowe’s Cos., Inc.		3,075		327,703
Textiles, Apparel & Luxury Goods - 1.3%
VF Corp.		3,946		284,112
Tobacco - 1.6%
Universal Corp.		6,700		330,645

Russell U.S. Dividend Growers ETF
Schedule of Portfolio Investments
February 29, 2020 (Unaudited)

Investments	Shares	Value ($)
Trading Companies & Distributors - 1.5%
WW Grainger, Inc.	1,114	309,180
Water Utilities - 6.0%
American States Water Co.	4,121	315,627
California Water Service Group	6,888	330,349
Middlesex Water Co.	5,641	335,470
SJW Group	4,992	305,411
		1,286,857
Wireless Telecommunication Services - 1.4%
Telephone & Data Systems, Inc.	14,523	292,493
TOTAL COMMON STOCKS (Cost $24,064,059)		21,208,802

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 0.2%
REPURCHASE AGREEMENTS(a) - 0.2%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $49,656
(Cost $49,650)	49,650	49,650
Total Investments - 99.8%  (Cost $24,113,709)		21,258,452
Other Assets Less Liabilities - 0.2%		40,981
Net Assets - 100.0%		21,299,433

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

S&P 500^® Bond ETF

Schedule of Portfolio Investments
February 29, 2020 (Unaudited)

Investments	Principal Amount ($)		Value ($)
CORPORATE BONDS - 98.4%
Aerospace & Defense - 3.3%
Boeing Co. (The)
2.70%, 2/1/2027		115,000		118,224
Lockheed Martin Corp.
4.70%, 5/15/2046		100,000		134,701
Northrop Grumman Corp.
3.25%, 1/15/2028		200,000		215,803
United Technologies Corp.
4.50%, 6/1/2042		240,000		307,925
4.63%, 11/16/2048		150,000		201,244
				977,897
Air Freight & Logistics - 0.3%
FedEx Corp.
4.05%, 2/15/2048		100,000		101,543
Automobiles - 0.7%
General Motors Co.
4.88%, 10/2/2023		200,000		217,431
Banks - 15.5%
Bank of America Corp.
2.63%, 4/19/2021		200,000		202,283
2.50%, 10/21/2022		200,000		203,053
3.30%, 1/11/2023		115,000		120,654
4.00%, 4/1/2024		100,000		108,852
3.25%, 10/21/2027		100,000		107,344
Citigroup, Inc.
2.35%, 8/2/2021		640,000		648,157
4.40%, 6/10/2025		100,000		111,476
3.20%, 10/21/2026		100,000		106,487
JPMorgan Chase & Co.
2.40%, 6/7/2021		200,000		202,069
2.30%, 8/15/2021		150,000		150,354
3.88%, 9/10/2024		150,000		162,414
3.90%, 7/15/2025		400,000		441,308
2.95%, 10/1/2026		202,000		214,214
PNC Financial Services Group, Inc. (The)
3.50%, 1/23/2024		282,000		301,055
US Bancorp
Series X, 3.15%, 4/27/2027		200,000		218,895
Wells Fargo & Co.
2.50%, 3/4/2021		150,000		151,167
2.63%, 7/22/2022		100,000		102,506
3.30%, 9/9/2024		168,000		179,580
3.55%, 9/29/2025		168,000		182,696
3.00%, 4/22/2026		200,000		211,939
3.00%, 10/23/2026		250,000		264,826
4.75%, 12/7/2046		150,000		189,193
				4,580,522
Beverages - 0.9%
PepsiCo, Inc.
4.00%, 5/2/2047		220,000		274,423
Biotechnology - 4.0%
AbbVie, Inc.
2.30%, 5/14/2021		100,000		100,586
3.20%, 5/14/2026		200,000		211,169
4.45%, 5/14/2046		140,000		161,518
4.88%, 11/14/2048		115,000		141,497
Amgen, Inc.
2.65%, 5/11/2022		200,000		204,566
Gilead Sciences, Inc.
2.95%, 3/1/2027		150,000		160,076
4.75%, 3/1/2046		150,000		193,453
				1,172,865
Capital Markets - 6.6%
Goldman Sachs Group, Inc. (The)
4.00%, 3/3/2024		105,000		114,161
3.50%, 11/16/2026		100,000		107,409
3.85%, 1/26/2027		250,000		274,622
6.75%, 10/1/2037		200,000		283,831
5.15%, 5/22/2045		100,000		128,717
Morgan Stanley
3.13%, 1/23/2023		200,000		208,845
4.10%, 5/22/2023		120,000		128,272
Series F, 3.88%, 4/29/2024		100,000		108,572
3.13%, 7/27/2026		100,000		106,599
3.63%, 1/20/2027		200,000		218,789
4.30%, 1/27/2045		100,000		123,398
4.38%, 1/22/2047		115,000		145,203
				1,948,418
Chemicals - 0.6%
DuPont de Nemours, Inc.
4.73%, 11/15/2028		150,000		174,414
Communications Equipment - 0.5%
Cisco Systems, Inc.
2.20%, 2/28/2021		150,000		150,992
Consumer Finance - 2.2%
American Express Co.
3.40%, 2/27/2023		100,000		105,286
American Express Credit Corp.
3.30%, 5/3/2027		100,000		109,780
Capital One Financial Corp.
3.30%, 10/30/2024		100,000		106,436
3.80%, 1/31/2028		100,000		109,185
General Motors Financial Co., Inc.
3.20%, 7/6/2021		100,000		101,181
3.45%, 1/14/2022		100,000		102,167
				634,035
Containers & Packaging - 0.4%
International Paper Co.
4.40%, 8/15/2047		100,000		112,527
Diversified Financial Services - 1.1%
Berkshire Hathaway, Inc.
2.75%, 3/15/2023		100,000		103,936
GE Capital International Funding Co. Unlimited Co.
4.42%, 11/15/2035		200,000		228,636
				332,572
Diversified Telecommunication Services - 8.0%
AT&T, Inc.
2.80%, 2/17/2021		100,000		100,811
3.60%, 2/17/2023		100,000		105,557
3.40%, 5/15/2025		450,000		479,374
5.25%, 3/1/2037		400,000		494,997
4.35%, 6/15/2045		150,000		169,042
Verizon Communications, Inc.
3.50%, 11/1/2024		202,000		218,700

S&P 500^® Bond ETF

Schedule of Portfolio Investments
February 29, 2020 (Unaudited)

Investments	Principal Amount ($)		Value ($)
5.25%, 3/16/2037		300,000		400,761
4.86%, 8/21/2046		150,000		198,008
4.52%, 9/15/2048		150,000		193,997
				2,361,247
Electric Utilities - 1.3%
Duke Energy Corp.
3.75%, 4/15/2024		100,000		107,465
Southern California Edison Co.
4.00%, 4/1/2047		150,000		171,415
Southern Co. (The)
3.25%, 7/1/2026		110,000		117,991
				396,871
Energy Equipment & Services - 0.7%
Baker Hughes a GE Co. LLC
3.34%, 12/15/2027		100,000		105,068
Halliburton Co.
5.00%, 11/15/2045		100,000		108,524
				213,592
Entertainment - 0.9%
NBCUniversal Media LLC
4.38%, 4/1/2021		100,000		103,059
Walt Disney Co. (The)
2.75%, 9/1/2049		150,000		152,005
				255,064
Equity Real Estate Investment Trusts (REITs) - 0.4%
American Tower Corp.
3.80%, 8/15/2029		100,000		110,162
Food & Staples Retailing - 2.6%
Kroger Co. (The)
4.45%, 2/1/2047		100,000		113,215
Walgreens Boots Alliance, Inc.
3.45%, 6/1/2026		130,000		136,719
Walmart, Inc.
3.55%, 6/26/2025		465,000		512,081
				762,015
Food Products - 2.1%
Campbell Soup Co.
4.15%, 3/15/2028		100,000		111,464
Conagra Brands, Inc.
5.40%, 11/1/2048		150,000		189,644
Kraft Heinz Foods Co.
3.00%, 6/1/2026		120,000		119,833
Tyson Foods, Inc.
5.10%, 9/28/2048		150,000		195,435
				616,376
Health Care Equipment & Supplies - 1.2%
Abbott Laboratories
4.90%, 11/30/2046		110,000		153,208
Medtronic, Inc.
4.63%, 3/15/2045		150,000		202,996
				356,204
Health Care Providers & Services - 5.2%
Anthem, Inc.
3.65%, 12/1/2027		120,000		131,289
Cigna Corp.
4.38%, 10/15/2028		250,000		284,650
CVS Health Corp.
3.35%, 3/9/2021		320,000		325,284
3.50%, 7/20/2022		120,000		124,627
3.70%, 3/9/2023		170,000		179,586
4.10%, 3/25/2025		160,000		175,411
5.05%, 3/25/2048		150,000		184,445
UnitedHealth Group, Inc.
3.88%, 8/15/2059		115,000		130,968
				1,536,260
Hotels, Restaurants & Leisure - 0.9%
McDonald's Corp.
4.88%, 12/9/2045		100,000		129,413
4.45%, 3/1/2047		100,000		121,557
				250,970
Industrial Conglomerates - 1.1%
General Electric Co.
2.70%, 10/9/2022		100,000		102,178
6.88%, 1/10/2039		150,000		209,029
				311,207
Insurance - 1.2%
American International Group, Inc.
4.75%, 4/1/2048		150,000		192,147
Prudential Financial, Inc.
3.70%, 3/13/2051		150,000		159,531
				351,678
Internet & Direct Marketing Retail - 1.5%
Amazon.com, Inc.
3.88%, 8/22/2037		150,000		180,448
4.25%, 8/22/2057		200,000		268,557
				449,005
IT Services - 2.8%
Fiserv, Inc.
4.40%, 7/1/2049		150,000		179,480
International Business Machines Corp.
4.25%, 5/15/2049		135,000		168,345
Mastercard, Inc.
2.95%, 6/1/2029		300,000		325,217
Visa, Inc.
3.15%, 12/14/2025		150,000		162,919
				835,961
Media - 3.0%
Comcast Corp.
3.00%, 2/1/2024		150,000		158,428
3.15%, 2/15/2028		100,000		108,624
4.00%, 3/1/2048		100,000		118,545
4.70%, 10/15/2048		220,000		289,240
Discovery Communications LLC
2.95%, 3/20/2023		100,000		103,420
ViacomCBS, Inc.
4.38%, 3/15/2043		100,000		107,390
				885,647
Multiline Retail - 0.4%
Dollar Tree, Inc.
3.70%, 5/15/2023		100,000		106,104
Multi-Utilities - 0.7%
Berkshire Hathaway Energy Co.
6.13%, 4/1/2036		150,000		213,837
Oil, Gas & Consumable Fuels - 5.7%
Apache Corp.
4.75%, 4/15/2043		150,000		141,665
Chevron Corp.
2.36%, 12/5/2022		150,000		153,696
3.19%, 6/24/2023		100,000		104,904
Exxon Mobil Corp.
3.04%, 3/1/2026		248,000		266,051

S&P 500^® Bond ETF

Schedule of Portfolio Investments
February 29, 2020 (Unaudited)

	Principal
Investments	Amount ($)		Value ($)
Kinder Morgan, Inc.
4.30%, 3/1/2028		100,000		111,571
5.20%, 3/1/2048		100,000		118,422
MPLX LP
4.00%, 3/15/2028		150,000		157,976
4.50%, 4/15/2038		100,000		101,756
Occidental Petroleum Corp.
6.45%, 9/15/2036		150,000		177,464
Phillips 66
4.88%, 11/15/2044		100,000		120,252
Valero Energy Corp.
6.63%, 6/15/2037		100,000		135,824
Williams Cos., Inc. (The)
3.60%, 3/15/2022		100,000		103,125
				1,692,706
Pharmaceuticals - 3.9%
Allergan Funding SCS
3.80%, 3/15/2025		100,000		109,283
4.55%, 3/15/2035		80,000		95,698
Eli Lilly & Co.
3.38%, 3/15/2029		350,000		393,024
Johnson & Johnson
3.70%, 3/1/2046		100,000		121,467
Merck & Co., Inc.
2.75%, 2/10/2025		120,000		126,424
Mylan NV
3.95%, 6/15/2026		120,000		130,497
Pfizer, Inc.
7.20%, 3/15/2039		100,000		169,574
				1,145,967
Road & Rail - 0.4%
CSX Corp.
4.30%, 3/1/2048		100,000		121,020
Semiconductors & Semiconductor Equipment - 3.0%
Applied Materials, Inc.
3.30%, 4/1/2027		100,000		109,611
Broadcom Corp.
3.00%, 1/15/2022		100,000		101,935
3.63%, 1/15/2024		100,000		104,965
3.88%, 1/15/2027		100,000		104,517
3.50%, 1/15/2028		160,000		164,633
QUALCOMM, Inc.
3.25%, 5/20/2027		150,000		161,684
4.80%, 5/20/2045		100,000		126,988
				874,333
Software - 6.9%
Microsoft Corp.
1.55%, 8/8/2021		115,000		115,564
2.38%, 2/12/2022		392,000		400,900
2.40%, 8/8/2026		100,000		105,210
3.30%, 2/6/2027		100,000		110,775
4.45%, 11/3/2045		150,000		200,554
4.25%, 2/6/2047		150,000		196,736
3.95%, 8/8/2056		150,000		190,756
Oracle Corp.
2.40%, 9/15/2023		248,000		255,941
2.65%, 7/15/2026		148,000		156,288
3.80%, 11/15/2037		268,000		309,764
				2,042,488
Specialty Retail - 1.5%
Home Depot, Inc. (The)
2.63%, 6/1/2022		160,000		164,469
3.75%, 2/15/2024		160,000		174,733
Lowe’s Cos., Inc.
4.05%, 5/3/2047		100,000		112,564
				451,766
Technology Hardware, Storage & Peripherals - 4.8%
Apple, Inc.
2.25%, 2/23/2021		200,000		201,390
2.85%, 5/6/2021		200,000		203,471
2.40%, 5/3/2023		150,000		154,885
3.35%, 2/9/2027		100,000		110,152
2.90%, 9/12/2027		100,000		107,651
3.45%, 2/9/2045		100,000		112,736
4.65%, 2/23/2046		100,000		133,225
3.75%, 11/13/2047		100,000		118,326
Hewlett Packard Enterprise Co.
4.90%, 10/15/2025(a)		120,000		136,379
6.35%, 10/15/2045(a)		100,000		125,031
				1,403,246
Tobacco - 2.1%
Altria Group, Inc.
4.00%, 1/31/2024		300,000		323,986
4.40%, 2/14/2026		150,000		167,835
Philip Morris International, Inc.
4.25%, 11/10/2044		100,000		115,703
				607,524
TOTAL CORPORATE BONDS (Cost $26,652,104)				29,028,889
SHORT-TERM INVESTMENTS - 0.7%
REPURCHASE AGREEMENTS(b) - 0.7%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $209,875
(Cost $209,847)		209,847		209,847
Total Investments - 99.1%  (Cost $26,861,951)				29,238,736
Other Assets Less Liabilities - 0.9%				272,631
Net Assets - 100.0%				29,511,367

S&P 500^® Bond ETF 

Schedule of Portfolio Investments 

February 29, 2020 (Unaudited)

(a) Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future at a contingent upon predetermined trigger. The interest rate shown was the current rate as of February 29, 2020.

(b) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

S&P 500^® Dividend Aristocrats ETF 

Schedule of Portfolio Investments 

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 99.7%
Aerospace & Defense - 3.0%
General Dynamics Corp.		566,229		90,421,109
United Technologies Corp.		684,070		89,332,701
				179,753,810
Air Freight & Logistics - 1.7%
Expeditors International of Washington, Inc.		1,409,638		99,266,708
Banks - 1.5%
People’s United Financial, Inc.		6,611,510		92,495,025
Beverages - 4.7%
Brown-Forman Corp., Class B		1,458,883		89,590,005
Coca-Cola Co. (The)		1,816,791		97,180,151
PepsiCo, Inc.		733,248		96,810,733
				283,580,889
Biotechnology - 1.8%
AbbVie, Inc.		1,254,400		107,514,625
Building Products - 1.5%
AO Smith Corp.		2,306,677		91,229,075
Capital Markets - 4.7%
Franklin Resources, Inc.		4,148,552		90,272,492
S&P Global, Inc.		355,434		94,513,455
T. Rowe Price Group, Inc.		798,843		94,271,462
				279,057,409
Chemicals - 9.5%
Air Products & Chemicals, Inc.		429,567		94,337,209
Albemarle Corp.		1,290,865		105,657,300
Ecolab, Inc.		529,230		95,499,554
Linde plc		499,037		95,321,057
PPG Industries, Inc.		832,943		87,000,896
Sherwin-Williams Co. (The)		176,169		91,035,331
				568,851,347
Commercial Services & Supplies - 1.7%
Cintas Corp.		369,717		98,618,313
Containers & Packaging - 1.6%
Amcor plc		9,989,746		93,104,433
Distributors - 1.6%
Genuine Parts Co.		1,068,547		93,220,040
Diversified Telecommunication Services - 1.6%
AT&T, Inc.		2,721,882		95,864,684
Electrical Equipment - 1.5%
Emerson Electric Co.		1,366,266		87,591,313
Equity Real Estate Investment Trusts (REITs) - 4.8%
Essex Property Trust, Inc.		338,617		95,950,513
Federal Realty Investment Trust		807,275		93,918,374
Realty Income Corp.		1,358,646		98,352,384
				288,221,271
Food & Staples Retailing - 4.6%
Sysco Corp.		1,268,211		84,526,263
Walgreens Boots Alliance, Inc.		2,013,692		92,146,546
Walmart, Inc.		916,256		98,662,446
				275,335,255

Food Products - 4.5%
Archer-Daniels-Midland Co.	2,365,518	89,061,753
Hormel Foods Corp.	2,218,769	92,300,790
McCormick & Co., Inc. (Non-Voting)	607,076	88,748,441
		270,110,984
Gas Utilities - 1.5%
Atmos Energy Corp.	892,762	92,177,676
Health Care Equipment & Supplies - 4.5%
Abbott Laboratories	1,159,208	89,293,792
Becton Dickinson and Co.	376,613	89,566,104
Medtronic plc	878,688	88,457,521
		267,317,417
Health Care Providers & Services - 1.7%
Cardinal Health, Inc.	1,947,090	101,482,331
Hotels, Restaurants & Leisure - 1.6%
McDonald's Corp.	496,082	96,324,242
Household Durables - 1.4%
Leggett & Platt, Inc.	2,059,598	81,683,657
Household Products - 6.6%
Clorox Co. (The)	662,068	105,546,881
Colgate-Palmolive Co.	1,490,644	100,722,815
Kimberly-Clark Corp.	730,668	95,856,335
Procter & Gamble Co. (The)	837,544	94,835,107
		396,961,138
Industrial Conglomerates - 3.1%
3M Co.	588,227	87,786,997
Roper Technologies, Inc.	278,080	97,800,736
		185,587,733
Insurance - 4.6%
Aflac, Inc.	2,000,237	85,710,156
Chubb Ltd.	689,380	99,980,781
Cincinnati Financial Corp.	988,468	92,164,756
		277,855,693
IT Services - 1.5%
Automatic Data Processing, Inc.	591,348	91,505,189
Machinery - 7.8%
Caterpillar, Inc.	746,492	92,744,166
Dover Corp.	894,819	91,933,704
Illinois Tool Works, Inc.	594,397	99,727,929
Pentair plc	2,268,237	89,345,856
Stanley Black & Decker, Inc.	629,459	90,453,258
		464,204,913
Metals & Mining - 1.4%
Nucor Corp.	2,082,106	86,095,083
Multiline Retail - 1.6%
Target Corp.	916,661	94,416,083
Multi-Utilities - 1.5%
Consolidated Edison, Inc.	1,119,460	88,235,837
Oil, Gas & Consumable Fuels - 2.8%
Chevron Corp.	936,902	87,450,432
Exxon Mobil Corp.	1,580,104	81,280,550
		168,730,982

S&P 500^® Dividend Aristocrats ETF 

Schedule of Portfolio Investments 

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Pharmaceuticals - 1.6%
Johnson & Johnson		706,527		95,013,751
Specialty Retail - 3.2%
Lowe's Cos., Inc.		871,668		92,893,659
Ross Stores, Inc.		905,255		98,473,639
				191,367,298
Textiles, Apparel & Luxury Goods - 1.5%
VF Corp.		1,239,706		89,258,832
Trading Companies & Distributors - 1.5%
WW Grainger, Inc.		318,517		88,401,208
TOTAL COMMON STOCKS (Cost $5,680,582,685)				5,960,434,244

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 0.1%
REPURCHASE AGREEMENTS(a) - 0.1%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $6,903,935 (Cost $6,903,025)		6,903,025	6,903,025
Total Investments - 99.8%  (Cost $5,687,485,710)			5,967,337,269
Other Assets Less Liabilities - 0.2%			10,419,383
Net Assets - 100.0%			5,977,756,652

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

S&P 500^® Ex-Energy ETF 

Schedule of Portfolio Investments 

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 99.7%
Aerospace & Defense - 2.5%
Arconic, Inc.		221		6,486
Boeing Co. (The)		307		84,459
General Dynamics Corp.		134		21,399
Huntington Ingalls Industries, Inc.		23		4,727
L3Harris Technologies, Inc.		128		25,309
Lockheed Martin Corp.		145		53,631
Northrop Grumman Corp.		90		29,596
Raytheon Co.		160		30,170
Textron, Inc.		130		5,278
TransDigm Group, Inc.		27		15,061
United Technologies Corp.		468		61,116
				337,232
Air Freight & Logistics - 0.5%
CH Robinson Worldwide, Inc.		80		5,512
Expeditors International of Washington, Inc.		100		7,042
FedEx Corp.		137		19,340
United Parcel Service, Inc., Class B		404		36,558
				68,452
Airlines - 0.3%
Alaska Air Group, Inc.		69		3,482
American Airlines Group, Inc.		223		4,248
Delta Air Lines, Inc.		330		15,223
Southwest Airlines Co.		274		12,656
United Airlines Holdings, Inc.*		126		7,760
				43,369
Auto Components - 0.1%
Aptiv plc		148		11,560
BorgWarner, Inc.		120		3,792
				15,352
Automobiles - 0.3%
Ford Motor Co.		2,246		15,632
General Motors Co.		725		22,113
Harley-Davidson, Inc.		87		2,651
				40,396
Banks - 5.1%
Bank of America Corp.		4,668		133,038
Citigroup, Inc.		1,260		79,960
Citizens Financial Group, Inc.		251		7,954
Comerica, Inc.		84		4,422
Fifth Third Bancorp		407		9,931
First Republic Bank		99		9,956
Huntington Bancshares, Inc.		595		7,301
JPMorgan Chase & Co.		1,809		210,043
KeyCorp		566		9,254
M&T Bank Corp.		78		10,950
People's United Financial, Inc.		256		3,581
PNC Financial Services Group, Inc. (The)		254		32,106
Regions Financial Corp.		555		7,504
SVB Financial Group*		28		5,828
Truist Financial Corp.		772		35,620
US Bancorp		818		37,988
Wells Fargo & Co.		2,218		90,605
Zions Bancorp NA		99		3,955
				699,996
Beverages - 2.0%
Brown-Forman Corp., Class B		105		6,448
Coca-Cola Co. (The)		2,224		118,962

Constellation Brands, Inc., Class A	98	16,893
Molson Coors Beverage Co., Class B	107	5,308
Monster Beverage Corp.*	218	13,606
PepsiCo, Inc.	804	106,152
		267,369
Biotechnology - 2.2%
AbbVie, Inc.	854	73,196
Alexion Pharmaceuticals, Inc.*	128	12,036
Amgen, Inc.	343	68,507
Biogen, Inc.*	105	32,381
Gilead Sciences, Inc.	729	50,563
Incyte Corp.*	104	7,843
Regeneron Pharmaceuticals, Inc.*	46	20,450
Vertex Pharmaceuticals, Inc.*	149	33,381
		298,357
Building Products - 0.3%
Allegion plc	53	6,094
AO Smith Corp.	79	3,124
Fortune Brands Home & Security, Inc.	80	4,940
Johnson Controls International plc	444	16,237
Masco Corp.	164	6,777
		37,172
Capital Markets - 2.8%
Ameriprise Financial, Inc.	72	10,174
Bank of New York Mellon Corp. (The)	485	19,351
BlackRock, Inc.	67	31,022
Cboe Global Markets, Inc.	64	7,296
Charles Schwab Corp. (The)	659	26,854
CME Group, Inc.	208	41,355
E*TRADE Financial Corp.	129	5,906
Franklin Resources, Inc.	160	3,482
Goldman Sachs Group, Inc. (The)	186	37,343
Intercontinental Exchange, Inc.	321	28,640
Invesco Ltd.	214	3,082
MarketAxess Holdings, Inc.	22	7,135
Moody's Corp.	92	22,083
Morgan Stanley	708	31,881
MSCI, Inc.	48	14,181
Nasdaq, Inc.	66	6,768
Northern Trust Corp.	124	10,882
Raymond James Financial, Inc.	70	5,854
S&P Global, Inc.	143	38,025
State Street Corp.	210	14,303
T. Rowe Price Group, Inc.	134	15,813
		381,430
Chemicals - 1.8%
Air Products & Chemicals, Inc.	128	28,110
Albemarle Corp.	62	5,075
Celanese Corp.	69	6,468
CF Industries Holdings, Inc.	125	4,607
Corteva, Inc.	430	11,696
Dow, Inc.	427	17,255
DuPont de Nemours, Inc.	427	18,318
Eastman Chemical Co.	80	4,921
Ecolab, Inc.	146	26,346
FMC Corp.	73	6,796
International Flavors & Fragrances, Inc.(a)	62	7,426
Linde plc	308	58,831

S&P 500^® Ex-Energy ETF 

Schedule of Portfolio Investments 

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
LyondellBasell Industries NV, Class A		149		10,648
Mosaic Co. (The)		199		3,389
PPG Industries, Inc.		135		14,101
Sherwin-Williams Co. (The)		47		24,287
				248,274
Commercial Services & Supplies - 0.5%
Cintas Corp.		47		12,537
Copart, Inc.*		118		9,969
Republic Services, Inc.		123		11,102
Rollins, Inc.		81		3,032
Waste Management, Inc.		224		24,821
				61,461
Communications Equipment - 0.9%
Arista Networks, Inc.*		29		5,600
Cisco Systems, Inc.		2,445		97,629
F5 Networks, Inc.*		37		4,438
Juniper Networks, Inc.		192		4,074
Motorola Solutions, Inc.		101		16,734
				128,475
Construction & Engineering - 0.1%
Jacobs Engineering Group, Inc.		80		7,387
Quanta Services, Inc.		82		3,127
				10,514
Construction Materials - 0.1%
Martin Marietta Materials, Inc.		37		8,419
Vulcan Materials Co.		78		9,380
				17,799
Consumer Finance - 0.6%
American Express Co.		386		42,433
Capital One Financial Corp.		271		23,918
Discover Financial Services		179		11,739
Synchrony Financial		342		9,952
				88,042
Containers & Packaging - 0.4%
Amcor plc		934		8,705
Avery Dennison Corp.		47		5,381
Ball Corp.		189		13,317
International Paper Co.		227		8,390
Packaging Corp. of America		56		5,075
Sealed Air Corp.		88		2,667
Westrock Co.		148		4,921
				48,456
Distributors - 0.1%
Genuine Parts Co.		84		7,328
LKQ Corp.*		175		5,177
				12,505
Diversified Consumer Services - 0.0%(b)
H&R Block, Inc.		111		2,294
Diversified Financial Services - 1.7%
Berkshire Hathaway, Inc., Class B*		1,129		232,958
Diversified Telecommunication Services - 2.1%
AT&T, Inc.		4,210		148,276
CenturyLink, Inc.		563		6,796
Verizon Communications, Inc.		2,383		129,063
				284,135
Electric Utilities - 2.2%
Alliant Energy Corp.		136		7,088
American Electric Power Co., Inc.		283		25,261
Duke Energy Corp.		422		38,697
Edison International		207		13,908

Entergy Corp.	114	13,328
Evergy, Inc.	130	8,496
Eversource Energy	187	16,168
Exelon Corp.	559	24,099
FirstEnergy Corp.	313	13,938
NextEra Energy, Inc.	282	71,278
Pinnacle West Capital Corp.	65	5,817
PPL Corp.	414	12,424
Southern Co. (The)	604	36,457
Xcel Energy, Inc.	301	18,758
		305,717
Electrical Equipment - 0.5%
AMETEK, Inc.	131	11,266
Eaton Corp. plc	238	21,591
Emerson Electric Co.	349	22,375
Rockwell Automation, Inc.	66	12,111
		67,343
Electronic Equipment, Instruments & Components - 0.5%
Amphenol Corp., Class A	171	15,677
CDW Corp.	84	9,595
Corning, Inc.	443	10,570
FLIR Systems, Inc.	78	3,313
IPG Photonics Corp.*	21	2,680
Keysight Technologies, Inc.*	108	10,234
TE Connectivity Ltd.	193	15,994
Zebra Technologies Corp., Class A*	29	6,118
		74,181
Entertainment - 2.0%
Activision Blizzard, Inc.	444	25,810
Electronic Arts, Inc.*	169	17,132
Live Nation Entertainment, Inc.*	81	4,922
Netflix, Inc.*	254	93,734
Take-Two Interactive Software, Inc.*	65	6,986
Walt Disney Co. (The)	1,039	122,238
		270,822
Equity Real Estate Investment Trusts (REITs) - 3.1%
Alexandria Real Estate Equities, Inc.	70	10,632
American Tower Corp.	256	58,061
Apartment Investment & Management Co., Class A	85	4,066
AvalonBay Communities, Inc.	82	16,448
Boston Properties, Inc.	84	10,831
Crown Castle International Corp.	239	34,246
Digital Realty Trust, Inc.	122	14,653
Duke Realty Corp.	212	6,884
Equinix, Inc.	48	27,494
Equity Residential	199	14,945
Essex Property Trust, Inc.	39	11,051
Extra Space Storage, Inc.	73	7,326
Federal Realty Investment Trust	41	4,770
Healthpeak Properties, Inc.	284	8,986
Host Hotels & Resorts, Inc.	411	5,951
Iron Mountain, Inc.	166	5,048
Kimco Realty Corp.	241	4,181
Mid-America Apartment Communities, Inc.	66	8,531
Prologis, Inc.	426	35,903
Public Storage	87	18,194
Realty Income Corp.	188	13,609
Regency Centers Corp.	97	5,572

S&P 500^® Ex-Energy ETF 

Schedule of Portfolio Investments 

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
SBA Communications Corp.		65		17,231
Simon Property Group, Inc.		176		21,662
SL Green Realty Corp.		46		3,608
UDR, Inc.		169		7,602
Ventas, Inc.		214		11,507
Vornado Realty Trust		89		4,769
Welltower, Inc.		234		17,508
Weyerhaeuser Co.		428		11,120
				422,389
Food & Staples Retailing - 1.6%
Costco Wholesale Corp.		256		71,972
Kroger Co. (The)		463		13,024
Sysco Corp.		295		19,662
Walgreens Boots Alliance, Inc.		431		19,723
Walmart, Inc.		818		88,082
				212,463
Food Products - 1.2%
Archer-Daniels-Midland Co.		321		12,085
Campbell Soup Co.		98		4,422
Conagra Brands, Inc.		280		7,473
General Mills, Inc.		347		17,003
Hershey Co. (The)		86		12,383
Hormel Foods Corp.		158		6,573
JM Smucker Co. (The)		66		6,797
Kellogg Co.		144		8,708
Kraft Heinz Co. (The)		360		8,917
Lamb Weston Holdings, Inc.		85		7,386
McCormick & Co., Inc. (Non-Voting)		70		10,233
Mondelez International, Inc., Class A		831		43,877
Tyson Foods, Inc., Class A		171		11,599
				157,456
Gas Utilities - 0.1%
Atmos Energy Corp.		68		7,021
Health Care Equipment & Supplies - 3.6%
Abbott Laboratories		1,018		78,417
ABIOMED, Inc.*		25		3,757
Align Technology, Inc.*		42		9,171
Baxter International, Inc.		295		24,624
Becton Dickinson and Co.		155		36,862
Boston Scientific Corp.*		802		29,987
Cooper Cos., Inc. (The)		27		8,763
Danaher Corp.		368		53,205
DENTSPLY SIRONA, Inc.		128		6,303
Edwards Lifesciences Corp.*		122		24,990
Hologic, Inc.*		153		7,209
IDEXX Laboratories, Inc.*		48		12,216
Intuitive Surgical, Inc.*		66		35,241
Medtronic plc		773		77,818
ResMed, Inc.		84		13,353
STERIS plc		48		7,614
Stryker Corp.		187		35,640
Teleflex, Inc.		26		8,711
Varian Medical Systems, Inc.*		51		6,271
Zimmer Biomet Holdings, Inc.		121		16,474
				496,626
Health Care Providers & Services - 2.8%
AmerisourceBergen Corp.		87		7,336
Anthem, Inc.		147		37,792
Cardinal Health, Inc.		168		8,756
Centene Corp.*		336		17,815

Cigna Corp.	215	39,332
CVS Health Corp.	750	44,385
DaVita, Inc.*	50	3,881
HCA Healthcare, Inc.	152	19,306
Henry Schein, Inc.*	84	5,119
Humana, Inc.	78	24,935
Laboratory Corp. of America Holdings*	58	10,190
McKesson Corp.	105	14,685
Quest Diagnostics, Inc.	79	8,379
UnitedHealth Group, Inc.	545	138,953
Universal Health Services, Inc., Class B	46	5,692
		386,556
Health Care Technology - 0.1%
Cerner Corp.	179	12,399
Hotels, Restaurants & Leisure - 1.9%
Carnival Corp.	231	7,729
Chipotle Mexican Grill, Inc.*	16	12,377
Darden Restaurants, Inc.	70	6,825
Hilton Worldwide Holdings, Inc.	165	16,038
Las Vegas Sands Corp.	194	11,312
Marriott International, Inc., Class A	156	19,344
McDonald's Corp.	433	84,076
MGM Resorts International	297	7,294
Norwegian Cruise Line Holdings Ltd.*	123	4,583
Royal Caribbean Cruises Ltd.	101	8,122
Starbucks Corp.	682	53,489
Wynn Resorts Ltd.	57	6,155
Yum! Brands, Inc.	174	15,530
		252,874
Household Durables - 0.4%
DR Horton, Inc.	193	10,281
Garmin Ltd.	84	7,425
Leggett & Platt, Inc.	77	3,054
Lennar Corp., Class A	163	9,836
Mohawk Industries, Inc.*	36	4,361
Newell Brands, Inc.	218	3,364
NVR, Inc.*	2	7,334
PulteGroup, Inc.	147	5,909
Whirlpool Corp.	38	4,859
		56,423
Household Products - 1.8%
Church & Dwight Co., Inc.	142	9,872
Clorox Co. (The)	71	11,319
Colgate-Palmolive Co.	494	33,379
Kimberly-Clark Corp.	197	25,844
Procter & Gamble Co. (The)	1,438	162,825
		243,239
Independent Power and Renewable Electricity Producers - 0.1%
AES Corp.	382	6,391
NRG Energy, Inc.	145	4,815
		11,206
Industrial Conglomerates - 1.4%
3M Co.	330	49,249
General Electric Co.	5,035	54,781
Honeywell International, Inc.	411	66,652
Roper Technologies, Inc.	61	21,454
		192,136
Insurance - 2.3%
Aflac, Inc.	424	18,168

S&P 500^® Ex-Energy ETF 

Schedule of Portfolio Investments 

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Allstate Corp. (The)		188		19,787
American International Group, Inc.		500		21,080
Aon plc		134		27,872
Arthur J Gallagher & Co.		108		10,529
Assurant, Inc.		36		4,341
Chubb Ltd.		261		37,853
Cincinnati Financial Corp.		87		8,112
Everest Re Group Ltd.		23		5,701
Globe Life, Inc.		59		5,467
Hartford Financial Services Group, Inc. (The)		208		10,389
Lincoln National Corp.		112		5,084
Loews Corp.		147		6,708
Marsh & McLennan Cos., Inc.		293		30,636
MetLife, Inc.		450		19,224
Principal Financial Group, Inc.		148		6,570
Progressive Corp. (The)		338		24,728
Prudential Financial, Inc.		233		17,580
Travelers Cos., Inc. (The)		149		17,852
Unum Group		120		2,797
Willis Towers Watson plc		72		13,626
WR Berkley Corp.		83		5,573
				319,677
Interactive Media & Services - 5.4%
Alphabet, Inc., Class A*		173		231,690
Alphabet, Inc., Class C*		172		230,365
Facebook, Inc., Class A*		1,389		267,341
Twitter, Inc.*		447		14,840
				744,236
Internet & Direct Marketing Retail - 3.8%
Amazon.com, Inc.*		240		452,100
Booking Holdings, Inc.*		24		40,696
eBay, Inc.		441		15,276
Expedia Group, Inc.		82		8,087
				516,159
IT Services - 5.8%
Accenture plc, Class A		366		66,096
Akamai Technologies, Inc.*		92		7,959
Alliance Data Systems Corp.		23		1,975
Automatic Data Processing, Inc.		251		38,840
Broadridge Financial Solutions, Inc.		66		6,888
Cognizant Technology Solutions Corp., Class A		316		19,254
DXC Technology Co.		147		3,544
Fidelity National Information Services, Inc.		357		49,880
Fiserv, Inc.*		328		35,870
FleetCor Technologies, Inc.*		49		13,024
Gartner, Inc.*		50		6,469
Global Payments, Inc.		173		31,827
International Business Machines Corp.		511		66,507
Jack Henry & Associates, Inc.		44		6,676
Leidos Holdings, Inc.		79		8,109
Mastercard, Inc., Class A		512		148,608
Paychex, Inc.		186		14,411
PayPal Holdings, Inc.*		679		73,325
VeriSign, Inc.*		61		11,575
Visa, Inc., Class A		987		179,397
Western Union Co. (The)		240		5,374
				795,608

Leisure Products - 0.0%(b)
Hasbro, Inc.	72	5,562
Life Sciences Tools & Services - 1.0%
Agilent Technologies, Inc.	177	13,641
Illumina, Inc.*	85	22,582
IQVIA Holdings, Inc.*	105	14,646
Mettler-Toledo International, Inc.*	15	10,526
PerkinElmer, Inc.	64	5,532
Thermo Fisher Scientific, Inc.	232	67,466
Waters Corp.*	38	7,406
		141,799
Machinery - 1.6%
Caterpillar, Inc.	320	39,757
Cummins, Inc.	88	13,314
Deere & Co.	180	28,166
Dover Corp.	84	8,630
Flowserve Corp.	76	3,054
Fortive Corp.	170	11,757
IDEX Corp.	44	6,512
Illinois Tool Works, Inc.	169	28,355
Ingersoll-Rand plc	137	17,679
PACCAR, Inc.	198	13,246
Parker-Hannifin Corp.	72	13,303
Pentair plc	98	3,860
Snap-on, Inc.	30	4,343
Stanley Black & Decker, Inc.	87	12,502
Westinghouse Air Brake Technologies Corp.	106	7,282
Xylem, Inc.	105	8,121
		219,881
Media - 1.4%
Charter Communications, Inc., Class A*	90	44,385
Comcast Corp., Class A	2,617	105,805
Discovery, Inc., Class A*	89	2,287
Discovery, Inc., Class C*	193	4,844
DISH Network Corp., Class A*	148	4,961
Fox Corp., Class A	206	6,333
Fox Corp., Class B	91	2,771
Interpublic Group of Cos., Inc. (The)	221	4,721
News Corp., Class A	222	2,681
News Corp., Class B	68	846
Omnicom Group, Inc.	126	8,729
ViacomCBS, Inc.	313	7,703
		196,066
Metals & Mining - 0.3%
Freeport-McMoRan, Inc.	836	8,327
Newmont Corp.	471	21,021
Nucor Corp.	173	7,153
		36,501
Multiline Retail - 0.5%
Dollar General Corp.	148	22,244
Dollar Tree, Inc.*	135	11,209
Kohl's Corp.	89	3,484
Macy's, Inc.	176	2,329
Nordstrom, Inc.	61	2,117
Target Corp.	294	30,282
		71,665
Multi-Utilities - 1.1%
Ameren Corp.	143	11,297
CenterPoint Energy, Inc.	289	6,653

S&P 500^® Ex-Energy ETF 

Schedule of Portfolio Investments 

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
CMS Energy Corp.		164		9,909
Consolidated Edison, Inc.		192		15,133
Dominion Energy, Inc.		474		37,057
DTE Energy Co.		110		12,284
NiSource, Inc.		215		5,809
Public Service Enterprise Group, Inc.		293		15,034
Sempra Energy		164		22,924
WEC Energy Group, Inc.		181		16,712
				152,812
Personal Products - 0.2%
Coty, Inc., Class A		170		1,569
Estee Lauder Cos., Inc. (The), Class A		129		23,685
				25,254
Pharmaceuticals - 4.7%
Allergan plc		190		36,227
Bristol-Myers Squibb Co.		1,351		79,790
Eli Lilly & Co.		488		61,551
Johnson & Johnson		1,519		204,275
Merck & Co., Inc.		1,467		112,314
Mylan NV*		298		5,123
Perrigo Co. plc		79		4,005
Pfizer, Inc.		3,191		106,643
Zoetis, Inc.		276		36,771
				646,699
Professional Services - 0.4%
Equifax, Inc.		69		9,801
IHS Markit Ltd.		231		16,457
Nielsen Holdings plc		206		3,751
Robert Half International, Inc.		66		3,327
Verisk Analytics, Inc.		93		14,425
				47,761
Real Estate Management & Development - 0.1%
CBRE Group, Inc., Class A*		192		10,779
Road & Rail - 1.1%
CSX Corp.		448		31,562
JB Hunt Transport Services, Inc.		48		4,629
Kansas City Southern		59		8,890
Norfolk Southern Corp.		151		27,535
Old Dominion Freight Line, Inc.		38		7,364
Union Pacific Corp.		401		64,084
				144,064
Semiconductors & Semiconductor Equipment - 4.5%
Advanced Micro Devices, Inc.*		674		30,653
Analog Devices, Inc.		213		23,228
Applied Materials, Inc.		533		30,978
Broadcom, Inc.		230		62,703
Intel Corp.		2,508		139,244
KLA Corp.		90		13,834
Lam Research Corp.		84		24,648
Maxim Integrated Products, Inc.		154		8,565
Microchip Technology, Inc.		136		12,337
Micron Technology, Inc.*		638		33,533
NVIDIA Corp.		352		95,065
Qorvo, Inc.*		67		6,739
QUALCOMM, Inc.		660		51,678
Skyworks Solutions, Inc.		100		10,018
Texas Instruments, Inc.		538		61,407
Xilinx, Inc.		146		12,190
				616,820

Software - 8.2%
Adobe, Inc.*	279	96,288
ANSYS, Inc.*	48	11,625
Autodesk, Inc.*	127	24,242
Cadence Design Systems, Inc.*	163	10,781
Citrix Systems, Inc.	70	7,237
Fortinet, Inc.*	83	8,471
Intuit, Inc.	150	39,878
Microsoft Corp.	4,400	712,844
NortonLifeLock, Inc.	328	6,242
Oracle Corp.	1,248	61,726
Paycom Software, Inc.*	28	7,914
salesforce.com, Inc.*	512	87,245
ServiceNow, Inc.*	109	35,544
Synopsys, Inc.*	87	12,000
		1,122,037
Specialty Retail - 2.4%
Advance Auto Parts, Inc.	41	5,452
AutoZone, Inc.*	15	15,488
Best Buy Co., Inc.	131	9,910
CarMax, Inc.*	93	8,120
Gap, Inc. (The)	123	1,763
Home Depot, Inc. (The)	628	136,803
L Brands, Inc.	132	2,859
Lowe's Cos., Inc.	443	47,210
O'Reilly Automotive, Inc.*	44	16,224
Ross Stores, Inc.	210	22,844
Tiffany & Co.	63	8,416
TJX Cos., Inc. (The)	701	41,920
Tractor Supply Co.	68	6,019
Ulta Beauty, Inc.*	35	8,998
		332,026
Technology Hardware, Storage & Peripherals - 5.2%
Apple, Inc.	2,408	658,251
Hewlett Packard Enterprise Co.	746	9,541
HP, Inc.	854	17,755
NetApp, Inc.	130	6,074
Seagate Technology plc	132	6,329
Western Digital Corp.	171	9,501
Xerox Holdings Corp.	106	3,413
		710,864
Textiles, Apparel & Luxury Goods - 0.7%
Capri Holdings Ltd.*	86	2,220
Hanesbrands, Inc.	209	2,767
NIKE, Inc., Class B	718	64,175
PVH Corp.	43	3,187
Ralph Lauren Corp.	27	2,849
Tapestry, Inc.	157	3,682
Under Armour, Inc., Class A*	107	1,518
Under Armour, Inc., Class C*	110	1,373
VF Corp.	190	13,680
		95,451
Tobacco - 0.9%
Altria Group, Inc.	1,076	43,438
Philip Morris International, Inc.	898	73,519
		116,957
Trading Companies & Distributors - 0.2%
Fastenal Co.	328	11,224
United Rentals, Inc.*	43	5,697
WW Grainger, Inc.	25	6,938
		23,859

S&P 500^® Ex-Energy ETF 

Schedule of Portfolio Investments 

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Water Utilities - 0.1%
American Water Works Co., Inc.		105		12,984
Wireless Telecommunication Services - 0.1%
T-Mobile US, Inc.*		183		16,499
TOTAL COMMON STOCKS (Cost $13,901,890)				13,614,909
SECURITIES LENDING REINVESTMENTS(c) - 0.0%(b)
INVESTMENT COMPANIES - 0.0%(b)
BlackRock Liquidity FedFund, Institutional Class 1.49% (Cost $6,612)		6,612		6,612

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 0.2%
REPURCHASE AGREEMENTS(d) - 0.2%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $27,414   (Cost $27,410)		27,410	27,410
Total Investments - 99.9%  (Cost $13,935,912)			13,648,931
Other Assets Less Liabilities - 0.1%			12,430
Net Assets - 100.0%			13,661,361

* Non-income producing security.

(a) The security or a portion of this security is on loan at February 29, 2020. The total value of securities on loan at February 29, 2020 was $6,348, collateralized in the form of cash with a value of $6,612 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments.

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

(c) The security was purchased with cash collateral held from securities on loan at February 29, 2020. The total value of securities purchased was $6,612.

(d) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

S&P 500^® Ex-Financials ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 99.6%
Aerospace & Defense - 2.8%
Arconic, Inc.		40		1,174
Boeing Co. (The)		55		15,131
General Dynamics Corp.		24		3,833
Huntington Ingalls Industries, Inc.		4		822
L3Harris Technologies, Inc.		23		4,548
Lockheed Martin Corp.		26		9,617
Northrop Grumman Corp.		16		5,261
Raytheon Co.		29		5,468
Textron, Inc.		24		974
TransDigm Group, Inc.		5		2,789
United Technologies Corp.		84		10,970
				60,587
Air Freight & Logistics - 0.6%
CH Robinson Worldwide, Inc.		14		965
Expeditors International of Washington, Inc.		18		1,267
FedEx Corp.		25		3,529
United Parcel Service, Inc., Class B		73		6,606
				12,367
Airlines - 0.4%
Alaska Air Group, Inc.		13		656
American Airlines Group, Inc.		40		762
Delta Air Lines, Inc.		60		2,768
Southwest Airlines Co.		48		2,217
United Airlines Holdings, Inc.*		23		1,416
				7,819
Auto Components - 0.1%
Aptiv plc		26		2,031
BorgWarner, Inc.		21		663
				2,694
Automobiles - 0.3%
Ford Motor Co.		405		2,819
General Motors Co.		130		3,965
Harley-Davidson, Inc.		16		487
				7,271
Beverages - 2.2%
Brown-Forman Corp., Class B		19		1,167
Coca-Cola Co. (The)		399		21,343
Constellation Brands, Inc., Class A		17		2,930
Molson Coors Beverage Co., Class B		19		943
Monster Beverage Corp.*		40		2,496
PepsiCo, Inc.		144		19,012
				47,891
Biotechnology - 2.5%
AbbVie, Inc.		153		13,114
Alexion Pharmaceuticals, Inc.*		23		2,163
Amgen, Inc.		61		12,183
Biogen, Inc.*		19		5,859
Gilead Sciences, Inc.		130		9,017
Incyte Corp.*		19		1,433
Regeneron Pharmaceuticals, Inc.*		8		3,556
Vertex Pharmaceuticals, Inc.*		27		6,049
				53,374
Building Products - 0.3%
Allegion plc		10		1,150
AO Smith Corp.		14		554
Fortune Brands Home & Security, Inc.		14		864

Johnson Controls International plc	80	2,926
Masco Corp.	29	1,198
		6,692
Chemicals - 2.1%
Air Products & Chemicals, Inc.	23	5,051
Albemarle Corp.	11	900
Celanese Corp.	13	1,219
CF Industries Holdings, Inc.	23	848
Corteva, Inc.	77	2,094
Dow, Inc.	77	3,112
DuPont de Nemours, Inc.	78	3,346
Eastman Chemical Co.	14	861
Ecolab, Inc.	26	4,692
FMC Corp.	13	1,210
International Flavors & Fragrances, Inc.	11	1,318
Linde plc	56	10,696
LyondellBasell Industries NV, Class A	27	1,929
Mosaic Co. (The)	36	613
PPG Industries, Inc.	24	2,507
Sherwin-Williams Co. (The)	9	4,651
		45,047
Commercial Services & Supplies - 0.5%
Cintas Corp.	9	2,401
Copart, Inc.*	21	1,774
Republic Services, Inc.	22	1,986
Rollins, Inc.	15	561
Waste Management, Inc.	40	4,432
		11,154
Communications Equipment - 1.1%
Arista Networks, Inc.*	6	1,159
Cisco Systems, Inc.	438	17,489
F5 Networks, Inc.*	6	720
Juniper Networks, Inc.	35	743
Motorola Solutions, Inc.	18	2,982
		23,093
Construction & Engineering - 0.1%
Jacobs Engineering Group, Inc.	14	1,293
Quanta Services, Inc.	15	572
		1,865
Construction Materials - 0.1%
Martin Marietta Materials, Inc.	6	1,365
Vulcan Materials Co.	14	1,684
		3,049
Containers & Packaging - 0.4%
Amcor plc	168	1,566
Avery Dennison Corp.	9	1,030
Ball Corp.	34	2,396
International Paper Co.	41	1,515
Packaging Corp. of America	10	906
Sealed Air Corp.	16	485
Westrock Co.	27	898
		8,796
Distributors - 0.1%
Genuine Parts Co.	15	1,309
LKQ Corp.*	32	946
		2,255
Diversified Consumer Services - 0.0%(a)
H&R Block, Inc.	20	413
Diversified Telecommunication Services - 2.4%
AT&T, Inc.	755	26,591

S&P 500^® Ex-Financials ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares	Value ($)
CenturyLink, Inc.	102	1,231
Verizon Communications, Inc.	428	23,181
		51,003
Electric Utilities - 2.6%
Alliant Energy Corp.	25	1,303
American Electric Power Co., Inc.	51	4,552
Duke Energy Corp.	75	6,878
Edison International	37	2,486
Entergy Corp.	21	2,455
Evergy, Inc.	24	1,568
Eversource Energy	34	2,940
Exelon Corp.	101	4,354
FirstEnergy Corp.	55	2,449
NextEra Energy, Inc.	51	12,891
Pinnacle West Capital Corp.	12	1,074
PPL Corp.	75	2,251
Southern Co. (The)	108	6,519
Xcel Energy, Inc.	54	3,365
		55,085
Electrical Equipment - 0.6%
AMETEK, Inc.	24	2,064
Eaton Corp. plc	43	3,901
Emerson Electric Co.	63	4,039
Rockwell Automation, Inc.	12	2,202
		12,206
Electronic Equipment, Instruments & Components - 0.6%
Amphenol Corp., Class A	31	2,842
CDW Corp.	15	1,713
Corning, Inc.	80	1,909
FLIR Systems, Inc.	14	595
IPG Photonics Corp.*	4	511
Keysight Technologies, Inc.*	19	1,800
TE Connectivity Ltd.	35	2,900
Zebra Technologies Corp., Class A*	6	1,266
		13,536
Energy Equipment & Services - 0.4%
Baker Hughes Co.	67	1,078
Halliburton Co.	91	1,543
Helmerich & Payne, Inc.	11	406
National Oilwell Varco, Inc.	40	749
Schlumberger Ltd.	143	3,874
TechnipFMC plc	43	638
		8,288
Entertainment - 2.3%
Activision Blizzard, Inc.	79	4,592
Electronic Arts, Inc.*	30	3,041
Live Nation Entertainment, Inc.*	15	912
Netflix, Inc.*	45	16,606
Take-Two Interactive Software, Inc.*	12	1,290
Walt Disney Co. (The)	187	22,001
		48,442
Food & Staples Retailing - 1.8%
Costco Wholesale Corp.	46	12,932
Kroger Co. (The)	83	2,335
Sysco Corp.	53	3,533
Walgreens Boots Alliance, Inc.	78	3,569
Walmart, Inc.	147	15,829
		38,198
Food Products - 1.3%
Archer-Daniels-Midland Co.	58	2,184
Campbell Soup Co.	16	722

Conagra Brands, Inc.	50	1,335
General Mills, Inc.	62	3,038
Hershey Co. (The)	15	2,160
Hormel Foods Corp.	29	1,206
JM Smucker Co. (The)	12	1,236
Kellogg Co.	26	1,572
Kraft Heinz Co. (The)	64	1,585
Lamb Weston Holdings, Inc.	15	1,303
McCormick & Co., Inc. (Non-Voting)	13	1,901
Mondelez International, Inc., Class A	149	7,867
Tyson Foods, Inc., Class A	31	2,103
		28,212
Gas Utilities - 0.1%
Atmos Energy Corp.	12	1,239
Health Care Equipment & Supplies - 4.2%
Abbott Laboratories	182	14,019
ABIOMED, Inc.*	5	751
Align Technology, Inc.*	7	1,528
Baxter International, Inc.	53	4,424
Becton Dickinson and Co.	28	6,659
Boston Scientific Corp.*	144	5,384
Cooper Cos., Inc. (The)	5	1,623
Danaher Corp.	66	9,542
DENTSPLY SIRONA, Inc.	23	1,133
Edwards Lifesciences Corp.*	22	4,507
Hologic, Inc.*	28	1,319
IDEXX Laboratories, Inc.*	9	2,291
Intuitive Surgical, Inc.*	12	6,408
Medtronic plc	139	13,993
ResMed, Inc.	15	2,384
STERIS plc	9	1,428
Stryker Corp.	33	6,289
Teleflex, Inc.	5	1,675
Varian Medical Systems, Inc.*	9	1,107
Zimmer Biomet Holdings, Inc.	21	2,859
		89,323
Health Care Providers & Services - 3.2%
AmerisourceBergen Corp.	16	1,349
Anthem, Inc.	26	6,684
Cardinal Health, Inc.	29	1,511
Centene Corp.*	60	3,181
Cigna Corp.	39	7,135
CVS Health Corp.	134	7,930
DaVita, Inc.*	9	699
HCA Healthcare, Inc.	27	3,429
Henry Schein, Inc.*	15	914
Humana, Inc.	14	4,476
Laboratory Corp. of America Holdings*	10	1,757
McKesson Corp.	19	2,657
Quest Diagnostics, Inc.	14	1,485
UnitedHealth Group, Inc.	98	24,986
Universal Health Services, Inc., Class B	8	990
		69,183
Health Care Technology - 0.1%
Cerner Corp.	33	2,286
Hotels, Restaurants & Leisure - 2.1%
Carnival Corp.	41	1,372

S&P 500^® Ex-Financials ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares	Value ($)
Chipotle Mexican Grill, Inc.*	3	2,321
Darden Restaurants, Inc.	13	1,267
Hilton Worldwide Holdings, Inc.	29	2,819
Las Vegas Sands Corp.	35	2,041
Marriott International, Inc., Class A	28	3,472
McDonald's Corp.	78	15,145
MGM Resorts International	53	1,302
Norwegian Cruise Line Holdings Ltd.*	23	857
Royal Caribbean Cruises Ltd.	18	1,447
Starbucks Corp.	122	9,568
Wynn Resorts Ltd.	10	1,080
Yum! Brands, Inc.	31	2,767
		45,458
Household Durables - 0.4%
DR Horton, Inc.	34	1,811
Garmin Ltd.	15	1,326
Leggett & Platt, Inc.	15	595
Lennar Corp., Class A	29	1,750
Mohawk Industries, Inc.*	6	727
Newell Brands, Inc.	39	602
PulteGroup, Inc.	26	1,045
Whirlpool Corp.	7	895
		8,751
Household Products - 2.0%
Church & Dwight Co., Inc.	25	1,738
Clorox Co. (The)	13	2,072
Colgate-Palmolive Co.	89	6,014
Kimberly-Clark Corp.	35	4,592
Procter & Gamble Co. (The)	258	29,213
		43,629
Independent Power and Renewable Electricity Producers - 0.1%
AES Corp.	69	1,154
NRG Energy, Inc.	26	864
		2,018
Industrial Conglomerates - 1.6%
3M Co.	60	8,954
General Electric Co.	904	9,835
Honeywell International, Inc.	74	12,001
Roper Technologies, Inc.	11	3,869
		34,659
Interactive Media & Services - 6.2%
Alphabet, Inc., Class A*	31	41,517
Alphabet, Inc., Class C*	31	41,519
Facebook, Inc., Class A*	249	47,925
Twitter, Inc.*	80	2,656
		133,617
Internet & Direct Marketing Retail - 4.3%
Amazon.com, Inc.*	43	81,001
Booking Holdings, Inc.*	4	6,783
eBay, Inc.	79	2,736
Expedia Group, Inc.	14	1,381
		91,901
IT Services - 6.6%
Accenture plc, Class A	66	11,919
Akamai Technologies, Inc.*	17	1,471
Alliance Data Systems Corp.	4	344
Automatic Data Processing, Inc.	45	6,963
Broadridge Financial Solutions, Inc.	12	1,252
Cognizant Technology Solutions Corp., Class A	57	3,473
DXC Technology Co.	26	627

Fidelity National Information Services, Inc.	64	8,942
Fiserv, Inc.*	59	6,452
FleetCor Technologies, Inc.*	9	2,392
Gartner, Inc.*	9	1,164
Global Payments, Inc.	31	5,703
International Business Machines Corp.	92	11,974
Jack Henry & Associates, Inc.	8	1,214
Leidos Holdings, Inc.	14	1,437
Mastercard, Inc., Class A	92	26,703
Paychex, Inc.	33	2,557
PayPal Holdings, Inc.*	122	13,175
VeriSign, Inc.*	11	2,087
Visa, Inc., Class A	177	32,172
Western Union Co. (The)	43	963
		142,984
Leisure Products - 0.0%(a)
Hasbro, Inc.	13	1,004
Life Sciences Tools & Services - 1.2%
Agilent Technologies, Inc.	32	2,466
Illumina, Inc.*	15	3,985
IQVIA Holdings, Inc.*	19	2,651
Mettler-Toledo International, Inc.*	3	2,105
PerkinElmer, Inc.	11	951
Thermo Fisher Scientific, Inc.	41	11,923
Waters Corp.*	7	1,364
		25,445
Machinery - 1.8%
Caterpillar, Inc.	57	7,082
Cummins, Inc.	16	2,421
Deere & Co.	33	5,164
Dover Corp.	15	1,541
Flowserve Corp.	14	563
Fortive Corp.	31	2,144
IDEX Corp.	8	1,184
Illinois Tool Works, Inc.	30	5,033
Ingersoll-Rand plc	25	3,226
PACCAR, Inc.	36	2,408
Parker-Hannifin Corp.	13	2,402
Pentair plc	17	670
Snap-on, Inc.	6	869
Stanley Black & Decker, Inc.	16	2,299
Westinghouse Air Brake Technologies Corp.	19	1,305
Xylem, Inc.	19	1,469
		39,780
Media - 1.6%
Charter Communications, Inc., Class A*	16	7,891
Comcast Corp., Class A	469	18,962
Discovery, Inc., Class A*	16	411
Discovery, Inc., Class C*	35	879
DISH Network Corp., Class A*	27	905
Fox Corp., Class A	37	1,137
Fox Corp., Class B	17	518
Interpublic Group of Cos., Inc. (The)	40	854
News Corp., Class A	40	483
News Corp., Class B	13	162
Omnicom Group, Inc.	23	1,593

S&P 500^® Ex-Financials ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares	Value ($)
ViacomCBS, Inc.	56	1,378
		35,173
Metals & Mining - 0.3%
Freeport-McMoRan, Inc.	150	1,494
Newmont Corp.	85	3,794
Nucor Corp.	32	1,323
		6,611
Multiline Retail - 0.6%
Dollar General Corp.	26	3,908
Dollar Tree, Inc.*	24	1,993
Kohl's Corp.	16	626
Macy's, Inc.	32	423
Nordstrom, Inc.	11	382
Target Corp.	52	5,356
		12,688
Multi-Utilities - 1.3%
Ameren Corp.	25	1,975
CenterPoint Energy, Inc.	52	1,197
CMS Energy Corp.	29	1,752
Consolidated Edison, Inc.	34	2,680
Dominion Energy, Inc.	85	6,645
DTE Energy Co.	20	2,233
NiSource, Inc.	39	1,054
Public Service Enterprise Group, Inc.	52	2,668
Sempra Energy	29	4,054
WEC Energy Group, Inc.	33	3,047
		27,305
Oil, Gas & Consumable Fuels - 3.8%
Apache Corp.	39	972
Cabot Oil & Gas Corp.	42	585
Chevron Corp.	195	18,201
Cimarex Energy Co.	12	397
Concho Resources, Inc.	21	1,428
ConocoPhillips	114	5,520
Devon Energy Corp.	40	650
Diamondback Energy, Inc.	17	1,054
EOG Resources, Inc.	60	3,796
Exxon Mobil Corp.	438	22,531
Hess Corp.	27	1,517
HollyFrontier Corp.	16	539
Kinder Morgan, Inc.	201	3,853
Marathon Oil Corp.	83	687
Marathon Petroleum Corp.	67	3,177
Noble Energy, Inc.	49	776
Occidental Petroleum Corp.	92	3,012
ONEOK, Inc.	43	2,869
Phillips 66	46	3,444
Pioneer Natural Resources Co.	17	2,087
Valero Energy Corp.	42	2,782
Williams Cos., Inc. (The)	125	2,381
		82,258
Personal Products - 0.2%
Coty, Inc., Class A	31	286
Estee Lauder Cos., Inc. (The), Class A	23	4,223
		4,509
Pharmaceuticals - 5.4%
Allergan plc	34	6,483
Bristol-Myers Squibb Co.	243	14,352
Eli Lilly & Co.	87	10,973
Johnson & Johnson	272	36,578
Merck & Co., Inc.	263	20,135

Mylan NV*	53	911
Perrigo Co. plc	14	710
Pfizer, Inc.	573	19,150
Zoetis, Inc.	49	6,528
		115,820
Professional Services - 0.4%
Equifax, Inc.	13	1,846
IHS Markit Ltd.	41	2,921
Nielsen Holdings plc	37	674
Robert Half International, Inc.	12	605
Verisk Analytics, Inc.	17	2,637
		8,683
Road & Rail - 1.2%
CSX Corp.	80	5,636
JB Hunt Transport Services, Inc.	9	868
Kansas City Southern	10	1,507
Norfolk Southern Corp.	27	4,923
Old Dominion Freight Line, Inc.	7	1,357
Union Pacific Corp.	72	11,506
		25,797
Semiconductors & Semiconductor Equipment - 5.1%
Advanced Micro Devices, Inc.*	122	5,549
Analog Devices, Inc.	38	4,144
Applied Materials, Inc.	95	5,521
Broadcom, Inc.	41	11,178
Intel Corp.	450	24,984
KLA Corp.	16	2,459
Lam Research Corp.	15	4,402
Maxim Integrated Products, Inc.	28	1,557
Microchip Technology, Inc.	25	2,268
Micron Technology, Inc.*	115	6,044
NVIDIA Corp.	63	17,014
Qorvo, Inc.*	12	1,207
QUALCOMM, Inc.	118	9,239
Skyworks Solutions, Inc.	18	1,803
Texas Instruments, Inc.	97	11,072
Xilinx, Inc.	26	2,171
		110,612
Software - 9.4%
Adobe, Inc.*	50	17,256
ANSYS, Inc.*	9	2,179
Autodesk, Inc.*	23	4,390
Cadence Design Systems, Inc.*	29	1,918
Citrix Systems, Inc.	13	1,344
Fortinet, Inc.*	15	1,531
Intuit, Inc.	27	7,178
Microsoft Corp.	789	127,826
NortonLifeLock, Inc.	59	1,123
Oracle Corp.	224	11,079
Paycom Software, Inc.*	5	1,413
salesforce.com, Inc.*	92	15,677
ServiceNow, Inc.*	20	6,522
Synopsys, Inc.*	16	2,207
		201,643
Specialty Retail - 2.7%
Advance Auto Parts, Inc.	7	931
AutoZone, Inc.*	2	2,065
Best Buy Co., Inc.	24	1,816
CarMax, Inc.*	17	1,484
Gap, Inc. (The)	22	315
Home Depot, Inc. (The)	113	24,616
L Brands, Inc.	24	520
Lowe's Cos., Inc.	79	8,419

S&P 500^® Ex-Financials ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares	Value ($)
O’Reilly Automotive, Inc.*	8	2,950
Ross Stores, Inc.	37	4,025
Tiffany & Co.	11	1,469
TJX Cos., Inc. (The)	124	7,415
Tractor Supply Co.	12	1,062
Ulta Beauty, Inc.*	6	1,543
		58,630
Technology Hardware, Storage & Peripherals - 5.9%
Apple, Inc.	432	118,091
Hewlett Packard Enterprise Co.	134	1,714
HP, Inc.	153	3,181
NetApp, Inc.	24	1,121
Seagate Technology plc	24	1,151
Western Digital Corp.	31	1,722
Xerox Holdings Corp.	19	612
		127,592
Textiles, Apparel & Luxury Goods - 0.8%
Capri Holdings Ltd.*	16	413
Hanesbrands, Inc.	37	490
NIKE, Inc., Class B	129	11,530
PVH Corp.	8	593
Ralph Lauren Corp.	5	527
Tapestry, Inc.	29	680
Under Armour, Inc., Class A*	19	270
Under Armour, Inc., Class C*	20	250
VF Corp.	34	2,448
		17,201
Tobacco - 1.0%
Altria Group, Inc.	193	7,791
Philip Morris International, Inc.	161	13,181
		20,972
Trading Companies & Distributors - 0.2%
Fastenal Co.	59	2,019
United Rentals, Inc.*	8	1,060
WW Grainger, Inc.	5	1,388
		4,467
Water Utilities - 0.1%
American Water Works Co., Inc.	19	2,350
Wireless Telecommunication Services - 0.1%
T-Mobile US, Inc.*	33	2,975
TOTAL COMMON STOCKS (Cost $1,890,901)		2,145,900

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 0.2%
REPURCHASE AGREEMENTS(b) - 0.2%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $4,001
(Cost $4,001)	4,001	4,001
Total Investments - 99.8% (Cost $1,894,902)		2,149,901
Other Assets Less Liabilities - 0.2%		3,915
Net Assets - 100.0%		2,153,816

*	Non-income producing security.
(a)	Represents less than 0.05% of net assets.
(b)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

S&P 500^® Ex-Health Care ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 99.5%
Aerospace & Defense - 2.8%
Arconic, Inc.		39		1,145
Boeing Co. (The)		55		15,131
General Dynamics Corp.		24		3,833
Huntington Ingalls Industries, Inc.		4		822
L3Harris Technologies, Inc.		22		4,350
Lockheed Martin Corp.		25		9,247
Northrop Grumman Corp.		16		5,261
Raytheon Co.		28		5,280
Textron, Inc.		24		974
TransDigm Group, Inc.		5		2,789
United Technologies Corp.		83		10,839
				59,671
Air Freight & Logistics - 0.6%
CH Robinson Worldwide, Inc.		14		965
Expeditors International of Washington, Inc.		17		1,197
FedEx Corp.		25		3,529
United Parcel Service, Inc., Class B		72		6,515
				12,206
Airlines - 0.4%
Alaska Air Group, Inc.		13		656
American Airlines Group, Inc.		39		743
Delta Air Lines, Inc.		59		2,722
Southwest Airlines Co.		49		2,263
United Airlines Holdings, Inc.*		22		1,355
				7,739
Auto Components - 0.1%
Aptiv plc		26		2,031
BorgWarner, Inc.		21		663
				2,694
Automobiles - 0.3%
Ford Motor Co.		399		2,777
General Motors Co.		129		3,934
Harley-Davidson, Inc.		16		488
				7,199
Banks - 5.8%
Bank of America Corp.		830		23,655
Citigroup, Inc.		224		14,215
Citizens Financial Group, Inc.		45		1,426
Comerica, Inc.		15		790
Fifth Third Bancorp		73		1,781
First Republic Bank		17		1,710
Huntington Bancshares, Inc.		105		1,289
JPMorgan Chase & Co.		321		37,271
KeyCorp		101		1,651
M&T Bank Corp.		14		1,965
People's United Financial, Inc.		45		630
PNC Financial Services Group, Inc. (The)		45		5,688
Regions Financial Corp.		98		1,325
SVB Financial Group*		6		1,249
Truist Financial Corp.		137		6,321
US Bancorp		146		6,780
Wells Fargo & Co.		394		16,095
Zions Bancorp NA		17		679
				124,520
Beverages - 2.2%
Brown-Forman Corp., Class B		18		1,105
Coca-Cola Co. (The)		395		21,129
Constellation Brands, Inc., Class A		17		2,931
Molson Coors Beverage Co., Class B		20		992
Monster Beverage Corp.*		39		2,434
PepsiCo, Inc.		143		18,880
				47,471
Building Products - 0.3%
Allegion plc		10		1,150
AO Smith Corp.		14		554
Fortune Brands Home & Security, Inc.		14		864
Johnson Controls International plc		79		2,889
Masco Corp.		29		1,198
				6,655
Capital Markets - 3.1%
Ameriprise Financial, Inc.		13		1,837
Bank of New York Mellon Corp. (The)		86		3,431
BlackRock, Inc.		12		5,556
Cboe Global Markets, Inc.		11		1,254
Charles Schwab Corp. (The)		118		4,808
CME Group, Inc.		37		7,356
E*TRADE Financial Corp.		24		1,099
Franklin Resources, Inc.		28		609
Goldman Sachs Group, Inc. (The)		32		6,425
Intercontinental Exchange, Inc.		57		5,086
Invesco Ltd.		38		547
MarketAxess Holdings, Inc.		4		1,297
Moody's Corp.		17		4,081
Morgan Stanley		126		5,674
MSCI, Inc.		8		2,364
Nasdaq, Inc.		11		1,128
Northern Trust Corp.		21		1,843
Raymond James Financial, Inc.		13		1,087
S&P Global, Inc.		25		6,648
State Street Corp.		38		2,588
T. Rowe Price Group, Inc.		24		2,832
				67,550
Chemicals - 2.0%
Air Products & Chemicals, Inc.		22		4,832
Albemarle Corp.		11		900
Celanese Corp.		13		1,219
CF Industries Holdings, Inc.		22		811
Corteva, Inc.		77		2,094
Dow, Inc.		76		3,071
DuPont de Nemours, Inc.		76		3,260
Eastman Chemical Co.		14		861
Ecolab, Inc.		25		4,511
FMC Corp.		13		1,210
International Flavors & Fragrances, Inc.(a)		11		1,318
Linde plc		55		10,506
LyondellBasell Industries NV, Class A		27		1,929
Mosaic Co. (The)		36		613
PPG Industries, Inc.		24		2,507
Sherwin-Williams Co. (The)		8		4,134
				43,776
Commercial Services & Supplies - 0.5%
Cintas Corp.		8		2,134
Copart, Inc.*		21		1,774
Republic Services, Inc.		21		1,896
Rollins, Inc.		14		524

S&P 500^® Ex-Health Care ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares	Value ($)
Waste Management, Inc.	40	4,432
		10,760
Communications Equipment - 1.1%
Arista Networks, Inc.*	6	1,159
Cisco Systems, Inc.	434	17,330
F5 Networks, Inc.*	6	720
Juniper Networks, Inc.	34	721
Motorola Solutions, Inc.	18	2,982
		22,912
Construction & Engineering - 0.1%
Jacobs Engineering Group, Inc.	14	1,293
Quanta Services, Inc.	14	534
		1,827
Construction Materials - 0.1%
Martin Marietta Materials, Inc.	7	1,593
Vulcan Materials Co.	14	1,683
		3,276
Consumer Finance - 0.7%
American Express Co.	69	7,585
Capital One Financial Corp.	48	4,236
Discover Financial Services	32	2,099
Synchrony Financial	60	1,746
		15,666
Containers & Packaging - 0.4%
Amcor plc	166	1,547
Avery Dennison Corp.	8	916
Ball Corp.	34	2,396
International Paper Co.	41	1,515
Packaging Corp. of America	10	906
Sealed Air Corp.	16	485
Westrock Co.	27	898
		8,663
Distributors - 0.1%
Genuine Parts Co.	15	1,309
LKQ Corp.*	31	917
		2,226
Diversified Consumer Services - 0.0%(b)
H&R Block, Inc.	20	413
Diversified Financial Services - 1.9%
Berkshire Hathaway, Inc., Class B*	200	41,268
Diversified Telecommunication Services - 2.3%
AT&T, Inc.	748	26,344
CenturyLink, Inc.	101	1,219
Verizon Communications, Inc.	423	22,910
		50,473
Electric Utilities - 2.5%
Alliant Energy Corp.	25	1,303
American Electric Power Co., Inc.	50	4,463
Duke Energy Corp.	74	6,786
Edison International	37	2,486
Entergy Corp.	21	2,455
Evergy, Inc.	24	1,569
Eversource Energy	33	2,853
Exelon Corp.	100	4,311
FirstEnergy Corp.	55	2,449
NextEra Energy, Inc.	50	12,638
Pinnacle West Capital Corp.	11	984
PPL Corp.	74	2,221
Southern Co. (The)	108	6,519
Xcel Energy, Inc.	53	3,303
		54,340
Electrical Equipment - 0.5%
AMETEK, Inc.	24	2,064
Eaton Corp. plc	42	3,810
Emerson Electric Co.	63	4,039
Rockwell Automation, Inc.	11	2,019
		11,932
Electronic Equipment, Instruments & Components - 0.6%
Amphenol Corp., Class A	31	2,842
CDW Corp.	15	1,713
Corning, Inc.	79	1,885
FLIR Systems, Inc.	14	595
IPG Photonics Corp.*	4	510
Keysight Technologies, Inc.*	20	1,895
TE Connectivity Ltd.	34	2,818
Zebra Technologies Corp., Class A*	6	1,266
		13,524
Energy Equipment & Services - 0.4%
Baker Hughes Co.	66	1,062
Halliburton Co.	90	1,526
Helmerich & Payne, Inc.	11	406
National Oilwell Varco, Inc.	39	730
Schlumberger Ltd.	142	3,847
TechnipFMC plc	43	638
		8,209
Entertainment - 2.2%
Activision Blizzard, Inc.	79	4,592
Electronic Arts, Inc.*	30	3,041
Live Nation Entertainment, Inc.*	14	851
Netflix, Inc.*	45	16,607
Take-Two Interactive Software, Inc.*	11	1,182
Walt Disney Co. (The)	185	21,765
		48,038
Equity Real Estate Investment Trusts (REITs) - 3.5%
Alexandria Real Estate Equities, Inc.	13	1,974
American Tower Corp.	45	10,206
Apartment Investment & Management Co., Class A	15	718
AvalonBay Communities, Inc.	14	2,808
Boston Properties, Inc.	15	1,934
Crown Castle International Corp.	42	6,018
Digital Realty Trust, Inc.	21	2,522
Duke Realty Corp.	38	1,234
Equinix, Inc.	9	5,155
Equity Residential	36	2,704
Essex Property Trust, Inc.	7	1,984
Extra Space Storage, Inc.	13	1,305
Federal Realty Investment Trust	7	814
Healthpeak Properties, Inc.	51	1,614
Host Hotels & Resorts, Inc.	73	1,057
Iron Mountain, Inc.	29	882
Kimco Realty Corp.	43	746
Mid-America Apartment Communities, Inc.	11	1,422
Prologis, Inc.	76	6,405
Public Storage	15	3,137
Realty Income Corp.	34	2,461
Regency Centers Corp.	17	977
SBA Communications Corp.	11	2,916
Simon Property Group, Inc.	31	3,816
SL Green Realty Corp.	8	628

S&P 500^® Ex-Health Care ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares	Value ($)
UDR, Inc.	30	1,349
Ventas, Inc.	38	2,043
Vornado Realty Trust	17	911
Welltower, Inc.	42	3,142
Weyerhaeuser Co.	76	1,974
		74,856
Food & Staples Retailing - 1.7%
Costco Wholesale Corp.	45	12,651
Kroger Co. (The)	83	2,335
Sysco Corp.	52	3,466
Walgreens Boots Alliance, Inc.	77	3,524
Walmart, Inc.	146	15,721
		37,697
Food Products - 1.3%
Archer-Daniels-Midland Co.	57	2,146
Campbell Soup Co.	17	767
Conagra Brands, Inc.	50	1,334
General Mills, Inc.	62	3,038
Hershey Co. (The)	15	2,160
Hormel Foods Corp.	28	1,165
JM Smucker Co. (The)	11	1,133
Kellogg Co.	25	1,512
Kraft Heinz Co. (The)	64	1,585
Lamb Weston Holdings, Inc.	15	1,303
McCormick & Co., Inc. (Non-Voting)	13	1,900
Mondelez International, Inc., Class A	147	7,762
Tyson Foods, Inc., Class A	31	2,103
		27,908
Gas Utilities - 0.1%
Atmos Energy Corp.	13	1,342
Hotels, Restaurants & Leisure - 2.1%
Carnival Corp.	41	1,372
Chipotle Mexican Grill, Inc.*	3	2,321
Darden Restaurants, Inc.	13	1,267
Hilton Worldwide Holdings, Inc.	29	2,819
Las Vegas Sands Corp.	35	2,041
Marriott International, Inc., Class A	28	3,472
McDonald's Corp.	77	14,951
MGM Resorts International	53	1,301
Norwegian Cruise Line Holdings Ltd.*	22	820
Royal Caribbean Cruises Ltd.	18	1,447
Starbucks Corp.	121	9,490
Wynn Resorts Ltd.	10	1,080
Yum! Brands, Inc.	31	2,767
		45,148
Household Durables - 0.4%
DR Horton, Inc.	35	1,864
Garmin Ltd.	15	1,326
Leggett & Platt, Inc.	14	555
Lennar Corp., Class A	28	1,690
Mohawk Industries, Inc.*	6	727
Newell Brands, Inc.	39	602
PulteGroup, Inc.	26	1,045
Whirlpool Corp.	7	895
		8,704
Household Products - 2.0%
Church & Dwight Co., Inc.	25	1,738
Clorox Co. (The)	13	2,072
Colgate-Palmolive Co.	88	5,946
Kimberly-Clark Corp.	35	4,592
Procter & Gamble Co. (The)	255	28,874
		43,222
Independent Power and Renewable Electricity Producers - 0.1%
AES Corp.	68	1,138
NRG Energy, Inc.	25	830
		1,968
Industrial Conglomerates - 1.6%
3M Co.	59	8,805
General Electric Co.	894	9,727
Honeywell International, Inc.	73	11,838
Roper Technologies, Inc.	11	3,869
		34,239
Insurance - 2.6%
Aflac, Inc.	76	3,257
Allstate Corp. (The)	34	3,578
American International Group, Inc.	90	3,794
Aon plc	24	4,992
Arthur J Gallagher & Co.	19	1,852
Assurant, Inc.	6	724
Chubb Ltd.	46	6,671
Cincinnati Financial Corp.	15	1,399
Everest Re Group Ltd.	4	991
Globe Life, Inc.	10	927
Hartford Financial Services Group, Inc. (The)	37	1,848
Lincoln National Corp.	20	908
Loews Corp.	27	1,232
Marsh & McLennan Cos., Inc.	52	5,437
MetLife, Inc.	80	3,418
Principal Financial Group, Inc.	27	1,199
Progressive Corp. (The)	60	4,390
Prudential Financial, Inc.	41	3,093
Travelers Cos., Inc. (The)	27	3,235
Unum Group	21	489
Willis Towers Watson plc	13	2,460
WR Berkley Corp.	15	1,007
		56,901
Interactive Media & Services - 6.2%
Alphabet, Inc., Class A*	31	41,517
Alphabet, Inc., Class C*	31	41,519
Facebook, Inc., Class A*	247	47,540
Twitter, Inc.*	80	2,656
		133,232
Internet & Direct Marketing Retail - 4.2%
Amazon.com, Inc.*	42	79,117
Booking Holdings, Inc.*	4	6,783
eBay, Inc.	78	2,702
Expedia Group, Inc.	14	1,381
		89,983
IT Services - 6.5%
Accenture plc, Class A	65	11,738
Akamai Technologies, Inc.*	17	1,471
Alliance Data Systems Corp.	4	344
Automatic Data Processing, Inc.	45	6,963
Broadridge Financial Solutions, Inc.	11	1,148
Cognizant Technology Solutions Corp., Class A	56	3,412
DXC Technology Co.	27	651
Fidelity National Information Services, Inc.	63	8,802
Fiserv, Inc.*	59	6,452

S&P 500^® Ex-Health Care ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares	Value ($)
FleetCor Technologies, Inc.*	9	2,392
Gartner, Inc.*	10	1,294
Global Payments, Inc.	31	5,703
International Business Machines Corp.	91	11,844
Jack Henry & Associates, Inc.	8	1,214
Leidos Holdings, Inc.	14	1,437
Mastercard, Inc., Class A	91	26,413
Paychex, Inc.	32	2,479
PayPal Holdings, Inc.*	120	12,959
VeriSign, Inc.*	11	2,087
Visa, Inc., Class A	175	31,808
Western Union Co. (The)	43	963
		141,574
Leisure Products - 0.0%(b)
Hasbro, Inc.	13	1,004
Machinery - 1.8%
Caterpillar, Inc.	56	6,957
Cummins, Inc.	15	2,269
Deere & Co.	32	5,007
Dover Corp.	15	1,541
Flowserve Corp.	14	563
Fortive Corp.	31	2,144
IDEX Corp.	8	1,184
Illinois Tool Works, Inc.	30	5,033
Ingersoll-Rand plc	25	3,226
PACCAR, Inc.	35	2,342
Parker-Hannifin Corp.	13	2,402
Pentair plc	17	670
Snap-on, Inc.	6	868
Stanley Black & Decker, Inc.	15	2,156
Westinghouse Air Brake Technologies Corp.	18	1,237
Xylem, Inc.	18	1,392
		38,991
Media - 1.6%
Charter Communications, Inc., Class A*	16	7,891
Comcast Corp., Class A	465	18,800
Discovery, Inc., Class A*	17	437
Discovery, Inc., Class C*	35	878
DISH Network Corp., Class A*	27	905
Fox Corp., Class A	36	1,107
Fox Corp., Class B	17	518
Interpublic Group of Cos., Inc. (The)	39	833
News Corp., Class A	39	471
News Corp., Class B	13	162
Omnicom Group, Inc.	22	1,524
ViacomCBS, Inc.	55	1,353
		34,879
Metals & Mining - 0.3%
Freeport-McMoRan, Inc.	149	1,484
Newmont Corp.	84	3,749
Nucor Corp.	31	1,282
		6,515
Multiline Retail - 0.6%
Dollar General Corp.	26	3,908
Dollar Tree, Inc.*	24	1,993
Kohl's Corp.	16	626
Macy's, Inc.	32	423
Nordstrom, Inc.	11	382
Target Corp.	52	5,356
		12,688
Multi-Utilities - 1.2%
Ameren Corp.	25	1,975
CenterPoint Energy, Inc.	52	1,197
CMS Energy Corp.	29	1,752
Consolidated Edison, Inc.	34	2,680
Dominion Energy, Inc.	84	6,567
DTE Energy Co.	20	2,233
NiSource, Inc.	38	1,027
Public Service Enterprise Group, Inc.	52	2,668
Sempra Energy	29	4,054
WEC Energy Group, Inc.	32	2,955
		27,108
Oil, Gas & Consumable Fuels - 3.8%
Apache Corp.	38	947
Cabot Oil & Gas Corp.	42	585
Chevron Corp.	193	18,015
Cimarex Energy Co.	10	330
Concho Resources, Inc.	21	1,428
ConocoPhillips	112	5,423
Devon Energy Corp.	39	633
Diamondback Energy, Inc.	17	1,054
EOG Resources, Inc.	60	3,796
Exxon Mobil Corp.	433	22,274
Hess Corp.	27	1,517
HollyFrontier Corp.	15	505
Kinder Morgan, Inc.	199	3,815
Marathon Oil Corp.	81	671
Marathon Petroleum Corp.	66	3,130
Noble Energy, Inc.	49	776
Occidental Petroleum Corp.	91	2,979
ONEOK, Inc.	42	2,802
Phillips 66	45	3,369
Pioneer Natural Resources Co.	17	2,087
Valero Energy Corp.	42	2,782
Williams Cos., Inc. (The)	125	2,381
		81,299
Personal Products - 0.2%
Coty, Inc., Class A	31	286
Estee Lauder Cos., Inc. (The), Class A	23	4,223
		4,509
Professional Services - 0.4%
Equifax, Inc.	13	1,846
IHS Markit Ltd.	41	2,921
Nielsen Holdings plc	36	656
Robert Half International, Inc.	12	605
Verisk Analytics, Inc.	17	2,637
		8,665
Real Estate Management & Development - 0.1%
CBRE Group, Inc., Class A*	34	1,909
Road & Rail - 1.2%
CSX Corp.	80	5,636
JB Hunt Transport Services, Inc.	9	868
Kansas City Southern	10	1,507
Norfolk Southern Corp.	27	4,923
Old Dominion Freight Line, Inc.	7	1,357
Union Pacific Corp.	71	11,346
		25,637

S&P 500^® Ex-Health Care ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares	Value ($)
Semiconductors & Semiconductor Equipment - 5.1%
Advanced Micro Devices, Inc.*	120	5,458
Analog Devices, Inc.	38	4,144
Applied Materials, Inc.	95	5,521
Broadcom, Inc.	41	11,178
Intel Corp.	446	24,762
KLA Corp.	17	2,613
Lam Research Corp.	15	4,402
Maxim Integrated Products, Inc.	28	1,557
Microchip Technology, Inc.	24	2,177
Micron Technology, Inc.*	113	5,939
NVIDIA Corp.	63	17,015
Qorvo, Inc.*	11	1,106
QUALCOMM, Inc.	117	9,161
Skyworks Solutions, Inc.	17	1,703
Texas Instruments, Inc.	95	10,843
Xilinx, Inc.	25	2,087
		109,666
Software - 9.2%
Adobe, Inc.*	49	16,911
ANSYS, Inc.*	9	2,180
Autodesk, Inc.*	22	4,199
Cadence Design Systems, Inc.*	29	1,918
Citrix Systems, Inc.	13	1,344
Fortinet, Inc.*	14	1,429
Intuit, Inc.	27	7,178
Microsoft Corp.	782	126,691
NortonLifeLock, Inc.	59	1,123
Oracle Corp.	222	10,980
Paycom Software, Inc.*	5	1,413
salesforce.com, Inc.*	91	15,506
ServiceNow, Inc.*	20	6,522
Synopsys, Inc.*	15	2,069
		199,463
Specialty Retail - 2.7%
Advance Auto Parts, Inc.	7	931
AutoZone, Inc.*	3	3,098
Best Buy Co., Inc.	24	1,816
CarMax, Inc.*	17	1,484
Gap, Inc. (The)	22	315
Home Depot, Inc. (The)	112	24,398
L Brands, Inc.	24	520
Lowe's Cos., Inc.	78	8,312
O'Reilly Automotive, Inc.*	8	2,950
Ross Stores, Inc.	37	4,025
Tiffany & Co.	11	1,469
TJX Cos., Inc. (The)	125	7,475
Tractor Supply Co.	12	1,062
Ulta Beauty, Inc.*	6	1,543
		59,398
Technology Hardware, Storage & Peripherals - 5.8%
Apple, Inc.	428	116,998
Hewlett Packard Enterprise Co.	133	1,701
HP, Inc.	151	3,139
NetApp, Inc.	24	1,121
Seagate Technology plc	24	1,151
Western Digital Corp.	31	1,723
Xerox Holdings Corp.	19	612
		126,445
Textiles, Apparel & Luxury Goods - 0.8%
Capri Holdings Ltd.*	15	387
Hanesbrands, Inc.	37	490
NIKE, Inc., Class B	128	11,441
PVH Corp.	7	519
Ralph Lauren Corp.	5	527
Tapestry, Inc.	28	657
Under Armour, Inc., Class A*	20	284
Under Armour, Inc., Class C*	20	249
VF Corp.	34	2,448
		17,002
Tobacco - 1.0%
Altria Group, Inc.	192	7,751
Philip Morris International, Inc.	160	13,099
		20,850
Trading Companies & Distributors - 0.2%
Fastenal Co.	59	2,019
United Rentals, Inc.*	7	928
WW Grainger, Inc.	4	1,110
		4,057
Water Utilities - 0.1%
American Water Works Co., Inc.	18	2,226
Wireless Telecommunication Services - 0.1%
T-Mobile US, Inc.*	32	2,885
TOTAL COMMON STOCKS (Cost $2,031,150)		2,154,978

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 0.3%
REPURCHASE AGREEMENTS(c) - 0.3%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $5,666
(Cost $5,666)	5,666	5,666
Total Investments - 99.8% (Cost $2,036,816)		2,160,644
Other Assets Less Liabilities - 0.2%		3,718
Net Assets - 100.0%		2,164,362

S&P 500^® Ex-Health Care ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

*	Non-income producing security.
(a)	The security or a portion of this security is on loan at February 29, 2020. The total value of securities on loan at February 29, 2020 was $240, collateralized in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 6.13%, and maturity dates ranging from March 19, 2020 – November 15, 2049; a total value of $263.
(b)	Represents less than 0.05% of net assets.
(c)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

S&P 500^® Ex-Technology ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 99.6%
Aerospace & Defense - 3.2%
Arconic, Inc.		78		2,289
Boeing Co. (The)		108		29,712
General Dynamics Corp.		47		7,505
Huntington Ingalls Industries, Inc.		8		1,644
L3Harris Technologies, Inc.		45		8,898
Lockheed Martin Corp.		50		18,494
Northrop Grumman Corp.		32		10,523
Raytheon Co.		56		10,559
Textron, Inc.		46		1,868
TransDigm Group, Inc.		10		5,578
United Technologies Corp.		164		21,417
				118,487
Air Freight & Logistics - 0.6%
CH Robinson Worldwide, Inc.		27		1,860
Expeditors International of Washington, Inc.		34		2,394
FedEx Corp.		49		6,917
United Parcel Service, Inc., Class B		142		12,850
				24,021
Airlines - 0.4%
Alaska Air Group, Inc.		25		1,262
American Airlines Group, Inc.		79		1,505
Delta Air Lines, Inc.		117		5,397
Southwest Airlines Co.		96		4,434
United Airlines Holdings, Inc.*		44		2,710
				15,308
Auto Components - 0.1%
Aptiv plc		52		4,062
BorgWarner, Inc.		42		1,327
				5,389
Automobiles - 0.4%
Ford Motor Co.		788		5,484
General Motors Co.		255		7,778
Harley-Davidson, Inc.		31		945
				14,207
Banks - 6.5%
Bank of America Corp.		1,639		46,711
Citigroup, Inc.		442		28,049
Citizens Financial Group, Inc.		88		2,789
Comerica, Inc.		29		1,527
Fifth Third Bancorp		144		3,514
First Republic Bank		34		3,419
Huntington Bancshares, Inc.		209		2,564
JPMorgan Chase & Co.		635		73,730
KeyCorp		199		3,254
M&T Bank Corp.		27		3,790
People's United Financial, Inc.		90		1,259
PNC Financial Services Group, Inc. (The)		89		11,250
Regions Financial Corp.		195		2,636
SVB Financial Group*		10		2,082
Truist Financial Corp.		271		12,504
US Bancorp		288		13,375
Wells Fargo & Co.		780		31,863
Zions Bancorp NA		35		1,398
				245,714
Beverages - 2.5%
Brown-Forman Corp., Class B		37		2,272
Coca-Cola Co. (The)		781		41,776

Constellation Brands, Inc., Class A	34	5,861
Molson Coors Beverage Co., Class B	38	1,885
Monster Beverage Corp.*	76	4,743
PepsiCo, Inc.	282	37,233
		93,770
Biotechnology - 2.8%
AbbVie, Inc.	299	25,627
Alexion Pharmaceuticals, Inc.*	45	4,231
Amgen, Inc.	120	23,968
Biogen, Inc.*	37	11,410
Gilead Sciences, Inc.	256	17,756
Incyte Corp.*	36	2,715
Regeneron Pharmaceuticals, Inc.*	16	7,113
Vertex Pharmaceuticals, Inc.*	52	11,650
		104,470
Building Products - 0.3%
Allegion plc	19	2,185
AO Smith Corp.	28	1,107
Fortune Brands Home & Security, Inc.	28	1,729
Johnson Controls International plc	156	5,705
Masco Corp.	58	2,397
		13,123
Capital Markets - 3.6%
Ameriprise Financial, Inc.	26	3,674
Bank of New York Mellon Corp. (The)	170	6,783
BlackRock, Inc.	24	11,112
Cboe Global Markets, Inc.	22	2,508
Charles Schwab Corp. (The)	232	9,454
CME Group, Inc.	73	14,514
E*TRADE Financial Corp.	46	2,106
Franklin Resources, Inc.	56	1,218
Goldman Sachs Group, Inc. (The)	65	13,050
Intercontinental Exchange, Inc.	113	10,082
Invesco Ltd.	75	1,080
MarketAxess Holdings, Inc.	8	2,595
Moody's Corp.	33	7,921
Morgan Stanley	249	11,212
MSCI, Inc.	17	5,022
Nasdaq, Inc.	23	2,359
Northern Trust Corp.	43	3,774
Raymond James Financial, Inc.	25	2,091
S&P Global, Inc.	49	13,030
State Street Corp.	74	5,040
T. Rowe Price Group, Inc.	47	5,546
		134,171
Chemicals - 2.3%
Air Products & Chemicals, Inc.	45	9,882
Albemarle Corp.	21	1,719
Celanese Corp.	24	2,250
CF Industries Holdings, Inc.	44	1,622
Corteva, Inc.	152	4,134
Dow, Inc.	150	6,061
DuPont de Nemours, Inc.	150	6,435
Eastman Chemical Co.	28	1,722
Ecolab, Inc.	51	9,203
FMC Corp.	26	2,421
International Flavors & Fragrances, Inc.(a)	22	2,635
Linde plc	109	20,820

S&P 500^® Ex-Technology ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
LyondellBasell Industries NV, Class A		52		3,716
Mosaic Co. (The)		71		1,209
PPG Industries, Inc.		48		5,014
Sherwin-Williams Co. (The)		17		8,785
				87,628
Commercial Services & Supplies - 0.6%
Cintas Corp.		17		4,534
Copart, Inc.*		41		3,464
Republic Services, Inc.		43		3,881
Rollins, Inc.		29		1,086
Waste Management, Inc.		79		8,754
				21,719
Construction & Engineering - 0.1%
Jacobs Engineering Group, Inc.		27		2,493
Quanta Services, Inc.		29		1,106
				3,599
Construction Materials - 0.2%
Martin Marietta Materials, Inc.		13		2,958
Vulcan Materials Co.		27		3,247
				6,205
Consumer Finance - 0.8%
American Express Co.		136		14,950
Capital One Financial Corp.		94		8,296
Discover Financial Services		63		4,132
Synchrony Financial		120		3,492
				30,870
Containers & Packaging - 0.5%
Amcor plc		328		3,057
Avery Dennison Corp.		17		1,946
Ball Corp.		66		4,650
International Paper Co.		79		2,920
Packaging Corp. of America		19		1,722
Sealed Air Corp.		31		940
Westrock Co.		52		1,729
				16,964
Distributors - 0.1%
Genuine Parts Co.		29		2,530
LKQ Corp.*		62		1,834
				4,364
Diversified Consumer Services - 0.0%(b)
H&R Block, Inc.		40		827
Diversified Financial Services - 2.2%
Berkshire Hathaway, Inc., Class B*		396		81,711
Diversified Telecommunication Services - 2.7%
AT&T, Inc.		1,480		52,125
CenturyLink, Inc.		199		2,402
Verizon Communications, Inc.		837		45,332
				99,859
Electric Utilities - 2.9%
Alliant Energy Corp.		49		2,554
American Electric Power Co., Inc.		100		8,926
Duke Energy Corp.		148		13,572
Edison International		73		4,905
Entergy Corp.		40		4,676
Evergy, Inc.		46		3,006
Eversource Energy		66		5,706
Exelon Corp.		197		8,493
FirstEnergy Corp.		109		4,854
NextEra Energy, Inc.		99		25,023
Pinnacle West Capital Corp.		23		2,058

PPL Corp.	146	4,382
Southern Co. (The)	212	12,796
Xcel Energy, Inc.	106	6,606
		107,557
Electrical Equipment - 0.6%
AMETEK, Inc.	46	3,956
Eaton Corp. plc	84	7,620
Emerson Electric Co.	124	7,950
Rockwell Automation, Inc.	23	4,221
		23,747
Energy Equipment & Services - 0.4%
Baker Hughes Co.	132	2,124
Halliburton Co.	178	3,019
Helmerich & Payne, Inc.	22	812
National Oilwell Varco, Inc.	78	1,459
Schlumberger Ltd.	280	7,585
TechnipFMC plc	85	1,261
		16,260
Entertainment - 2.5%
Activision Blizzard, Inc.	156	9,068
Electronic Arts, Inc.*	59	5,981
Live Nation Entertainment, Inc.*	29	1,762
Netflix, Inc.*	89	32,844
Take-Two Interactive Software, Inc.*	23	2,472
Walt Disney Co. (The)	365	42,942
		95,069
Equity Real Estate Investment Trusts (REITs) - 3.9%
Alexandria Real Estate Equities, Inc.	25	3,797
American Tower Corp.	90	20,412
Apartment Investment & Management Co., Class A	30	1,435
AvalonBay Communities, Inc.	28	5,616
Boston Properties, Inc.	29	3,739
Crown Castle International Corp.	84	12,036
Digital Realty Trust, Inc.	42	5,045
Duke Realty Corp.	74	2,403
Equinix, Inc.	17	9,738
Equity Residential	71	5,332
Essex Property Trust, Inc.	13	3,684
Extra Space Storage, Inc.	26	2,609
Federal Realty Investment Trust	14	1,629
Healthpeak Properties, Inc.	100	3,164
Host Hotels & Resorts, Inc.	145	2,099
Iron Mountain, Inc.	58	1,764
Kimco Realty Corp.	85	1,475
Mid-America Apartment Communities, Inc.	23	2,973
Prologis, Inc.	149	12,558
Public Storage	30	6,274
Realty Income Corp.	66	4,778
Regency Centers Corp.	34	1,953
SBA Communications Corp.	23	6,097
Simon Property Group, Inc.	62	7,631
SL Green Realty Corp.	17	1,333
UDR, Inc.	59	2,654
Ventas, Inc.	75	4,033
Vornado Realty Trust	32	1,714
Welltower, Inc.	82	6,135
Weyerhaeuser Co.	151	3,923
		148,033

S&P 500^® Ex-Technology ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Food & Staples Retailing - 2.0%
Costco Wholesale Corp.		89		25,021
Kroger Co. (The)		162		4,557
Sysco Corp.		103		6,865
Walgreens Boots Alliance, Inc.		152		6,956
Walmart, Inc.		287		30,904
				74,303
Food Products - 1.5%
Archer-Daniels-Midland Co.		113		4,254
Campbell Soup Co.		34		1,534
Conagra Brands, Inc.		99		2,642
General Mills, Inc.		122		5,978
Hershey Co. (The)		30		4,320
Hormel Foods Corp.		56		2,329
JM Smucker Co. (The)		23		2,369
Kellogg Co.		50		3,023
Kraft Heinz Co. (The)		126		3,121
Lamb Weston Holdings, Inc.		30		2,607
McCormick & Co., Inc. (Non-Voting)		25		3,655
Mondelez International, Inc., Class A		291		15,365
Tyson Foods, Inc., Class A		60		4,070
				55,267
Gas Utilities - 0.1%
Atmos Energy Corp.		24		2,478
Health Care Equipment & Supplies - 4.6%
Abbott Laboratories		358		27,577
ABIOMED, Inc.*		9		1,352
Align Technology, Inc.*		15		3,275
Baxter International, Inc.		103		8,597
Becton Dickinson and Co.		55		13,080
Boston Scientific Corp.*		283		10,581
Cooper Cos., Inc. (The)		10		3,246
Danaher Corp.		129		18,651
DENTSPLY SIRONA, Inc.		45		2,216
Edwards Lifesciences Corp.*		42		8,603
Hologic, Inc.*		54		2,545
IDEXX Laboratories, Inc.*		17		4,327
Intuitive Surgical, Inc.*		23		12,281
Medtronic plc		271		27,282
ResMed, Inc.		29		4,610
STERIS plc		17		2,697
Stryker Corp.		65		12,388
Teleflex, Inc.		9		3,015
Varian Medical Systems, Inc.*		18		2,213
Zimmer Biomet Holdings, Inc.		42		5,718
				174,254
Health Care Providers & Services - 3.6%
AmerisourceBergen Corp.		30		2,530
Anthem, Inc.		51		13,112
Cardinal Health, Inc.		59		3,075
Centene Corp.*		119		6,309
Cigna Corp.		76		13,903
CVS Health Corp.		263		15,564
DaVita, Inc.*		18		1,397
HCA Healthcare, Inc.		54		6,859
Henry Schein, Inc.*		30		1,828
Humana, Inc.		27		8,631
Laboratory Corp. of America Holdings*		20		3,514
McKesson Corp.		36		5,035

Quest Diagnostics, Inc.	27	2,864
UnitedHealth Group, Inc.	192	48,952
Universal Health Services, Inc., Class B	16	1,980
		135,553
Health Care Technology - 0.1%
Cerner Corp.	64	4,433
Hotels, Restaurants & Leisure - 2.3%
Carnival Corp.	81	2,710
Chipotle Mexican Grill, Inc.*	5	3,868
Darden Restaurants, Inc.	25	2,438
Hilton Worldwide Holdings, Inc.	57	5,541
Las Vegas Sands Corp.	69	4,023
Marriott International, Inc., Class A	55	6,820
McDonald's Corp.	152	29,514
MGM Resorts International	104	2,554
Norwegian Cruise Line Holdings Ltd.*	43	1,602
Royal Caribbean Cruises Ltd.	35	2,814
Starbucks Corp.	239	18,745
Wynn Resorts Ltd.	20	2,160
Yum! Brands, Inc.	61	5,444
		88,233
Household Durables - 0.5%
DR Horton, Inc.	68	3,622
Garmin Ltd.	29	2,563
Leggett & Platt, Inc.	27	1,071
Lennar Corp., Class A	56	3,379
Mohawk Industries, Inc.*	12	1,454
Newell Brands, Inc.	77	1,188
NVR, Inc.*	1	3,667
PulteGroup, Inc.	52	2,091
Whirlpool Corp.	13	1,662
		20,697
Household Products - 2.3%
Church & Dwight Co., Inc.	50	3,476
Clorox Co. (The)	25	3,986
Colgate-Palmolive Co.	174	11,757
Kimberly-Clark Corp.	69	9,052
Procter & Gamble Co. (The)	505	57,181
		85,452
Independent Power and Renewable Electricity Producers - 0.1%
AES Corp.	134	2,242
NRG Energy, Inc.	51	1,694
		3,936
Industrial Conglomerates - 1.8%
3M Co.	116	17,312
General Electric Co.	1,768	19,236
Honeywell International, Inc.	145	23,514
Roper Technologies, Inc.	21	7,386
		67,448
Insurance - 3.0%
Aflac, Inc.	149	6,385
Allstate Corp. (The)	66	6,946
American International Group, Inc.	176	7,420
Aon plc	47	9,776
Arthur J Gallagher & Co.	38	3,705
Assurant, Inc.	12	1,447
Chubb Ltd.	92	13,343
Cincinnati Financial Corp.	31	2,890
Everest Re Group Ltd.	8	1,983
Globe Life, Inc.	20	1,853

S&P 500^® Ex-Technology ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Hartford Financial Services Group, Inc. (The)		73		3,646
Lincoln National Corp.		40		1,816
Loews Corp.		52		2,373
Marsh & McLennan Cos., Inc.		102		10,665
MetLife, Inc.		158		6,750
Principal Financial Group, Inc.		52		2,308
Progressive Corp. (The)		117		8,560
Prudential Financial, Inc.		81		6,111
Travelers Cos., Inc. (The)		52		6,230
Unum Group		42		979
Willis Towers Watson plc		26		4,921
WR Berkley Corp.		29		1,947
				112,054
Interactive Media & Services - 7.0%
Alphabet, Inc., Class A*		61		81,694
Alphabet, Inc., Class C*		61		81,699
Facebook, Inc., Class A*		487		93,733
Twitter, Inc.*		157		5,213
				262,339
Internet & Direct Marketing Retail - 4.8%
Amazon.com, Inc.*		84		158,235
Booking Holdings, Inc.*		8		13,565
eBay, Inc.		155		5,369
Expedia Group, Inc.		28		2,762
				179,931
Leisure Products - 0.1%
Hasbro, Inc.		26		2,009
Life Sciences Tools & Services - 1.3%
Agilent Technologies, Inc.		63		4,855
Illumina, Inc.*		30		7,970
IQVIA Holdings, Inc.*		37		5,161
Mettler-Toledo International, Inc.*		5		3,508
PerkinElmer, Inc.		22		1,902
Thermo Fisher Scientific, Inc.		81		23,555
Waters Corp.*		13		2,534
				49,485
Machinery - 2.1%
Caterpillar, Inc.		112		13,915
Cummins, Inc.		31		4,690
Deere & Co.		64		10,015
Dover Corp.		29		2,979
Flowserve Corp.		26		1,045
Fortive Corp.		60		4,150
IDEX Corp.		15		2,220
Illinois Tool Works, Inc.		59		9,899
Ingersoll-Rand plc		49		6,323
PACCAR, Inc.		70		4,683
Parker-Hannifin Corp.		26		4,804
Pentair plc		34		1,339
Snap-on, Inc.		11		1,592
Stanley Black & Decker, Inc.		31		4,455
Westinghouse Air Brake Technologies Corp.		37		2,542
Xylem, Inc.		36		2,784
				77,435
Media - 1.8%
Charter Communications, Inc., Class A*		32		15,781
Comcast Corp., Class A		919		37,155
Discovery, Inc., Class A*		32		822
Discovery, Inc., Class C*		68		1,707

DISH Network Corp., Class A*	53	1,777
Fox Corp., Class A	72	2,213
Fox Corp., Class B	33	1,005
Interpublic Group of Cos., Inc. (The)	78	1,666
News Corp., Class A	79	954
News Corp., Class B	25	311
Omnicom Group, Inc.	44	3,048
ViacomCBS, Inc.	109	2,683
		69,122
Metals & Mining - 0.3%
Freeport-McMoRan, Inc.	294	2,928
Newmont Corp.	166	7,409
Nucor Corp.	61	2,522
		12,859
Multiline Retail - 0.7%
Dollar General Corp.	52	7,816
Dollar Tree, Inc.*	48	3,985
Kohl's Corp.	32	1,253
Macy's, Inc.	63	834
Nordstrom, Inc.	22	763
Target Corp.	103	10,609
		25,260
Multi-Utilities - 1.4%
Ameren Corp.	50	3,950
CenterPoint Energy, Inc.	102	2,348
CMS Energy Corp.	57	3,444
Consolidated Edison, Inc.	67	5,281
Dominion Energy, Inc.	167	13,056
DTE Energy Co.	39	4,355
NiSource, Inc.	76	2,054
Public Service Enterprise Group, Inc.	102	5,234
Sempra Energy	57	7,967
WEC Energy Group, Inc.	64	5,909
		53,598
Oil, Gas & Consumable Fuels - 4.3%
Apache Corp.	76	1,894
Cabot Oil & Gas Corp.	83	1,156
Chevron Corp.	383	35,749
Cimarex Energy Co.	21	694
Concho Resources, Inc.	41	2,789
ConocoPhillips	222	10,749
Devon Energy Corp.	78	1,267
Diamondback Energy, Inc.	33	2,046
EOG Resources, Inc.	119	7,528
Exxon Mobil Corp.	858	44,136
Hess Corp.	53	2,978
HollyFrontier Corp.	30	1,010
Kinder Morgan, Inc.	394	7,553
Marathon Oil Corp.	162	1,341
Marathon Petroleum Corp.	131	6,212
Noble Energy, Inc.	97	1,536
Occidental Petroleum Corp.	181	5,926
ONEOK, Inc.	84	5,604
Phillips 66	90	6,737
Pioneer Natural Resources Co.	34	4,175
Valero Energy Corp.	83	5,499
Williams Cos., Inc. (The)	245	4,667
		161,246
Personal Products - 0.2%
Coty, Inc., Class A	60	554

S&P 500^® Ex-Technology ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
Estee Lauder Cos., Inc. (The), Class A		45		8,262
				8,816
Pharmaceuticals - 6.0%
Allergan plc		66		12,584
Bristol-Myers Squibb Co.		476		28,113
Eli Lilly & Co.		171		21,568
Johnson & Johnson		533		71,678
Merck & Co., Inc.		515		39,428
Mylan NV*		104		1,788
Perrigo Co. plc		27		1,369
Pfizer, Inc.		1,120		37,430
Zoetis, Inc.		96		12,790
				226,748
Professional Services - 0.5%
Equifax, Inc.		25		3,551
IHS Markit Ltd.		81		5,770
Nielsen Holdings plc		72		1,311
Robert Half International, Inc.		25		1,260
Verisk Analytics, Inc.		33		5,119
				17,011
Real Estate Management & Development - 0.1%
CBRE Group, Inc., Class A*		68		3,818
Road & Rail - 1.3%
CSX Corp.		157		11,061
JB Hunt Transport Services, Inc.		17		1,639
Kansas City Southern		20		3,014
Norfolk Southern Corp.		53		9,665
Old Dominion Freight Line, Inc.		13		2,519
Union Pacific Corp.		141		22,533
				50,431
Specialty Retail - 3.1%
Advance Auto Parts, Inc.		14		1,862
AutoZone, Inc.*		5		5,162
Best Buy Co., Inc.		46		3,480
CarMax, Inc.*		33		2,881
Gap, Inc. (The)		43		616
Home Depot, Inc. (The)		221		48,143
L Brands, Inc.		47		1,018
Lowe's Cos., Inc.		155		16,518
O'Reilly Automotive, Inc.*		15		5,531
Ross Stores, Inc.		73		7,941
Tiffany & Co.		22		2,939
TJX Cos., Inc. (The)		246		14,711
Tractor Supply Co.		24		2,124
Ulta Beauty, Inc.*		12		3,085
				116,011
Textiles, Apparel & Luxury Goods - 0.9%
Capri Holdings Ltd.*		31		800
Hanesbrands, Inc.		73		967
NIKE, Inc., Class B		252		22,524
PVH Corp.		15		1,112
Ralph Lauren Corp.		10		1,055
Tapestry, Inc.		56		1,313
Under Armour, Inc., Class A*		38		539
Under Armour, Inc., Class C*		39		487
VF Corp.		66		4,752
				33,549
Tobacco - 1.1%
Altria Group, Inc.		379		15,300
Philip Morris International, Inc.		315		25,789
				41,089

Trading Companies & Distributors - 0.2%
Fastenal Co.	116	3,970
United Rentals, Inc.*	15	1,987
WW Grainger, Inc.	9	2,498
		8,455
Water Utilities - 0.1%
American Water Works Co., Inc.	37	4,575
Wireless Telecommunication Services - 0.2%
T-Mobile US, Inc.*	64	5,770
TOTAL COMMON STOCKS (Cost $3,865,363)		3,746,737
SECURITIES LENDING REINVESTMENTS(c) - 0.1%
INVESTMENT COMPANIES - 0.1%
BlackRock Liquidity FedFund, Institutional Class 1.49% (Cost $2,370)	2,370	2,370

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 0.2%
REPURCHASE AGREEMENTS(d) - 0.2%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $6,074  (Cost $6,074)		6,074	6,074
Total Investments - 99.9%  (Cost $3,873,807)			3,755,181
Other Assets Less Liabilities - 0.1%			4,758
Net Assets - 100.0%			3,759,939

S&P 500^® Ex-Technology ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

*	Non-income producing security.
(a)	The security or a portion of this security is on loan at February 29, 2020. The total value of securities on loan at February 29, 2020 was $2,276, collateralized in the form of cash with a value of $2,370 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments.
(b)	Represents less than 0.05% of net assets.
(c)	The security was purchased with cash collateral held from securities on loan at February 29, 2020. The total value of securities purchased was $2,370.
(d)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

S&P MidCap 400^® Dividend Aristocrats ETF 

Schedule of Portfolio Investments 

February 29, 2020 (Unaudited) 

Investments	Shares		Value ($)
COMMON STOCKS - 99.7%
Banks - 11.3%
Bank OZK		535,861		13,605,511
Commerce Bancshares, Inc.		217,604		13,282,548
Cullen/Frost Bankers, Inc.		158,338		12,412,116
Prosperity Bancshares, Inc.		218,185		14,094,751
UMB Financial Corp.		227,365		13,221,275
United Bankshares, Inc.		405,082		11,698,768
				78,314,969
Capital Markets - 5.8%
Eaton Vance Corp.		316,975		13,078,388
FactSet Research Systems, Inc.		53,536		14,240,041
SEI Investments Co.		232,396		12,714,385
				40,032,814
Chemicals - 1.9%
RPM International, Inc.		202,737		12,997,469
Commercial Services & Supplies - 4.1%
Healthcare Services Group, Inc.		561,042		15,451,097
MSA Safety, Inc.		108,438		13,193,651
				28,644,748
Containers & Packaging - 5.6%
AptarGroup, Inc.		126,427		12,777,977
Silgan Holdings, Inc.		473,935		13,568,759
Sonoco Products Co.		251,930		12,145,545
				38,492,281
Electrical Equipment - 4.0%
nVent Electric plc		577,677		13,870,025
Regal Beloit Corp.		177,894		13,811,690
				27,681,715
Equity Real Estate Investment Trusts (REITs) - 3.9%
National Retail Properties, Inc.		262,003		13,322,852
Omega Healthcare Investors, Inc.		342,018		13,543,913
				26,866,765
Food & Staples Retailing - 2.1%
Casey's General Stores, Inc.		89,404		14,574,640
Food Products - 6.0%
Flowers Foods, Inc.		683,559		14,717,025
Lancaster Colony Corp.		90,758		13,109,993
Tootsie Roll Industries, Inc.(a)		429,406		13,775,349
				41,602,367
Gas Utilities - 9.1%
National Fuel Gas Co.		341,859		12,515,458
New Jersey Resources Corp.		342,804		12,104,409
ONE Gas, Inc.		155,165		12,745,253
Spire, Inc.		175,053		13,137,728
UGI Corp.		339,736		12,244,086
				62,746,934
Health Care Equipment & Supplies - 2.1%
West Pharmaceutical Services, Inc.		95,061		14,312,384
Hotels, Restaurants & Leisure - 1.9%
Cracker Barrel Old Country Store, Inc.		93,845		13,450,804
Industrial Conglomerates - 2.0%
Carlisle Cos., Inc.		94,591		13,743,127
Insurance - 9.6%
Brown & Brown, Inc.		353,957		15,223,690
Mercury General Corp.		304,707		13,196,860
Old Republic International Corp.		633,267		12,488,025
RenaissanceRe Holdings Ltd.		77,887		13,271,945
RLI Corp.		154,691		12,434,063
				66,614,583
Leisure Products - 1.9%
Polaris, Inc.		161,228		13,306,147
Machinery - 9.4%
Donaldson Co., Inc.		277,313		12,501,270
Graco, Inc.		284,841		14,048,358
Lincoln Electric Holdings, Inc.		159,135		13,031,565
Nordson Corp.		86,597		12,582,544
Toro Co. (The)		180,519		12,894,473
				65,058,210
Media - 3.6%
John Wiley & Sons, Inc., Class A		314,618		11,700,644
Meredith Corp.		496,841		13,091,760
				24,792,404
Metals & Mining - 1.8%
Royal Gold, Inc.		128,902		12,435,176
Multi-Utilities - 3.9%
Black Hills Corp.		179,527		12,961,849
MDU Resources Group, Inc.		496,841		13,777,401
				26,739,250
Personal Products - 1.4%
Nu Skin Enterprises, Inc., Class A		406,641		9,970,837
Road & Rail - 1.6%
Ryder System, Inc.		286,106		10,883,472
Specialty Retail - 1.4%
Aaron's, Inc.		240,821		9,471,490
Trading Companies & Distributors - 1.8%
MSC Industrial Direct Co., Inc., Class A		205,951		12,731,891
Water Utilities - 1.8%
Essential Utilities, Inc.		285,496		12,279,183
Wireless Telecommunication Services - 1.7%
Telephone & Data Systems, Inc.		598,944		12,062,732
TOTAL COMMON STOCKS (Cost $720,670,616)				689,806,392
SECURITIES LENDING REINVESTMENTS(b) - 1.0%
INVESTMENT COMPANIES - 1.0%
BlackRock Liquidity FedFund, Institutional Class
1.49% (Cost $7,097,236)		7,097,236		7,097,236

S&P MidCap 400^® Dividend Aristocrats ETF 

Schedule of Portfolio Investments 

February 29, 2020 (Unaudited) 

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 0.3%
REPURCHASE AGREEMENTS(c) - 0.3%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $2,106,759  (Cost $2,106,481)		2,106,481	2,106,481
Total Investments - 101.0%  (Cost $729,874,333)			699,010,109
Liabilities in excess of other assets - (1.0%)			(6,719,250	)
Net Assets - 100.0%			692,290,859

(a)	The security or a portion of this security is on loan at February 29, 2020. The total value of securities on loan at February 29, 2020 was $6,551,923, collateralized in the form of cash with a value of $7,097,236 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments.
(b)	The security was purchased with cash collateral held from securities on loan at February 29, 2020. The total value of securities purchased was $7,097,236.
(c)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

S&P Technology Dividend Aristocrats ETF

Schedule of Portfolio Investments

February 29, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 99.6%
Communications Equipment - 5.2%
Cisco Systems, Inc.		14,202		567,086
Motorola Solutions, Inc.		3,920		649,466
				1,216,552
Electronic Equipment, Instruments & Components - 15.0%
Amphenol Corp., Class A		6,534		599,037
Badger Meter, Inc.		11,055		665,622
Corning, Inc.		23,500		560,710
FLIR Systems, Inc.		12,834		545,060
Littelfuse, Inc.		3,632		579,958
TE Connectivity Ltd.		7,042		583,570
				3,533,957
Entertainment - 2.8%
Activision Blizzard, Inc.		11,551		671,460
Internet & Direct Marketing Retail - 5.9%
Expedia Group, Inc.		6,333		624,561
PetMed Express, Inc.(a)		28,726		758,367
				1,382,928
IT Services - 26.0%
Accenture plc, Class A		3,327		600,823
Automatic Data Processing, Inc.		3,907		604,569
Booz Allen Hamilton Holding Corp.		8,962		638,991
Broadridge Financial Solutions, Inc.		5,258		548,725
Cass Information Systems, Inc.		12,021		564,386
International Business Machines Corp.		4,843		630,316
Jack Henry & Associates, Inc.		4,656		706,501
Mastercard, Inc., Class A		2,149		623,747
Paychex, Inc.		7,777		602,562
Visa, Inc., Class A		3,351		609,078
				6,129,698
Semiconductors & Semiconductor Equipment - 28.5%
Analog Devices, Inc.		5,786		630,963
Broadcom, Inc.		2,227		607,125
KLA Corp.		3,868		594,550
Maxim Integrated Products, Inc.		11,149		620,107
Microchip Technology, Inc.		6,373		578,095
MKS Instruments, Inc.		5,925		593,626
NVIDIA Corp.		2,787		752,685
Power Integrations, Inc.		6,784		590,547
QUALCOMM, Inc.		7,495		586,858
Texas Instruments, Inc.		5,226		596,496
Xilinx, Inc.		6,879		574,328
				6,725,380
Software - 8.3%
Intuit, Inc.		2,399		637,774
Microsoft Corp.		4,205		681,252
Oracle Corp.		12,733		629,774
				1,948,800
Technology Hardware, Storage & Peripherals - 7.9%
Apple, Inc.		2,193		599,478
Hewlett Packard Enterprise Co.		46,357		592,906
HP, Inc.		31,773		660,561
				1,852,945
TOTAL COMMON STOCKS (Cost $25,440,444)				23,461,720

	Principal Amount ($)
SHORT-TERM INVESTMENTS - 0.3%
REPURCHASE AGREEMENTS(b) - 0.3%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $59,494
(Cost $59,485)	59,485	59,485
Total Investments - 99.9%  (Cost $25,499,929)		23,521,205
Other Assets Less Liabilities - 0.1%		33,884
Net Assets - 100.0%		23,555,089

(a)	The security or a portion of this security is on loan at February 29, 2020. The total value of securities on loan at February 29, 2020 was $682,519, collateralized in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 6.13%, and maturity dates ranging from March 26, 2020 – May 15, 2048; a total value of $703,706.
(b)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Short Term USD Emerging Markets Bond ETF 

Schedule of Portfolio Investments 

February 29, 2020 (Unaudited)

Investments	Principal Amount ($)		Value ($)
FOREIGN GOVERNMENT SECURITIES - 74.0%
Abu Dhabi Government Bond
2.50%, 10/11/2022(a)		200,000		203,428
Arab Republic of Egypt
6.13%, 1/31/2022(a)		200,000		206,601
Argentina Government International Bond
6.88%, 4/22/2021		150,000		74,625
4.63%, 1/11/2023		100,000		43,001
Brazilian Government International Bond
2.63%, 1/5/2023		200,000		202,702
Colombia Government International Bond
2.63%, 3/15/2023		200,000		202,832
Croatia Government International Bond
5.50%, 4/4/2023(a)		200,000		219,983
Export-Import Bank of China (The)
2.63%, 3/14/2022(a)		340,000		346,760
Export-Import Bank of India
4.00%, 1/14/2023(a)		200,000		210,245
Hungary Government International Bond
6.38%, 3/29/2021		150,000		157,051
5.38%, 2/21/2023		50,000		54,825
5.38%, 3/25/2024		14,000		15,869
Indonesia Government International Bond
5.88%, 3/13/2020(a)		170,000		170,068
3.38%, 4/15/2023(a)		200,000		206,925
Kingdom of Bahrain
6.13%, 7/5/2022(a)		200,000		213,000
Kingdom of Saudi Arabia
2.38%, 10/26/2021(a)		200,000		201,188
Lithuania Government International Bond
6.13%, 3/9/2021(a)		150,000		156,600
Mexico Government International Bond
3.63%, 3/15/2022		82,000		84,994
4.00%, 10/2/2023		70,000		74,840
Oman Government Bond
3.63%, 6/15/2021(a)		200,000		200,050
Perusahaan Penerbit SBSN Indonesia III
3.40%, 3/29/2022(a)		200,000		204,682
Poland Government International Bond
5.00%, 3/23/2022		135,000		144,045
4.00%, 1/22/2024		100,000		108,827
Qatar Government International Bond
3.88%, 4/23/2023(a)		200,000		211,727
Republic of Ecuador
10.75%, 3/28/2022(a)		200,000		165,502
Republic of Lebanon
8.25%, 4/12/2021(a)		100,000		27,408
6.25%, 5/27/2022		150,000		40,299
Romania Government International Bond
4.38%, 8/22/2023(a)		80,000		85,600
Russian Foreign Bond
4.88%, 9/16/2023(a)		200,000		218,682
South Africa Government International Bond
5.88%, 5/30/2022		100,000		106,745
4.67%, 1/17/2024		100,000		104,625
Sri Lanka Government International Bond
5.88%, 7/25/2022(a)		200,000		201,305
Turkey Government International Bond
5.13%, 3/25/2022		200,000		201,100
7.25%, 12/23/2023		200,000		211,906
Ukraine Government International Bond
7.75%, 9/1/2021(a)		100,000		105,202
7.75%, 9/1/2023(a)		100,000		108,250
TOTAL FOREIGN GOVERNMENT SECURITIES (Cost $5,695,398)				5,491,492
CORPORATE BONDS - 24.0%
Banks - 13.1%
Banco del Estado de Chile
3.88%, 2/8/2022(a)		150,000		154,138
Banco do Brasil SA
3.88%, 10/10/2022		200,000		204,000
China Development Bank
2.13%, 6/1/2021(a)		200,000		201,190
QNB Finance Ltd.
2.13%, 9/7/2021(a)		200,000		199,582
Sberbank of Russia
6.13%, 2/7/2022(a)		200,000		212,728
				971,638
Diversified Financial Services - 1.4%
Gazprom PJSC
6.51%, 3/7/2022(a)		100,000		107,736
Oil, Gas & Consumable Fuels - 9.5%
Ecopetrol SA
5.88%, 9/18/2023		25,000		27,656
Petrobras Global Finance BV
6.13%, 1/17/2022		80,000		85,080
Petroleos Mexicanos
4.88%, 1/24/2022		140,000		144,200
5.38%, 3/13/2022		15,000		15,578
3.50%, 1/30/2023		220,000		219,597
Sinopec Group Overseas Development 2016 Ltd.
2.00%, 9/29/2021(a)		214,000		214,886
				706,997
TOTAL CORPORATE BONDS (Cost $1,757,043)				1,786,371
SHORT-TERM INVESTMENTS - 0.8%
REPURCHASE AGREEMENTS(b) - 0.8%
Repurchase Agreements with various counterparties, rates 1.58% - 1.59%, dated 2/28/2020, due 3/2/2020, total to be received $56,080
(Cost $56,073)		56,073		56,073
Total Investments - 98.8% (Cost $7,508,514)				7,333,936
Other Assets Less Liabilities - 1.2%				86,741
Net Assets - 100.0%				7,420,677

(a) Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.

(b) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio of Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Short Term USD Emerging Markets Bond ETF 

Schedule of Portfolio Investments 

February 29, 2020 (Unaudited)

Short Term USD Emerging Markets Bond ETF invested, as a percentage of net assets, in the following countries as of February 29, 2020:
China	10.3	%
Indonesia	7.8	%
Mexico	7.3	%
Russia	7.3	%
Brazil	6.6	%
Turkey	5.6	%
Qatar	5.5	%
Poland	3.4	%
Colombia	3.1	%
Hungary	3.1	%
Croatia	3.0	%
Ukraine	2.9	%
Bahrain	2.9	%
South Africa	2.8	%
India	2.8	%
Egypt	2.8	%
United Arab Emirates	2.7	%
Sri Lanka	2.7	%
Saudi Arabia	2.7	%
Oman	2.7	%
Ecuador	2.2	%
Lithuania	2.1	%
Chile	2.1	%
Argentina	1.6	%
Romania	1.1	%
Lebanon	0.9	%
Other (1)	2.0	%
	100.0	%

(1) Includes any non fixed-income securities and net other assets (liabilities).

ProShares Trust

Notes to Schedules of portfolio investments

February 29, 2020 (UNAUDITED)

Repurchase Agreements

Each of the Funds may enter into repurchase agreements. Repurchase agreements are primarily used by the Funds as short-term investments for cash positions. Under a repurchase agreement, a Fund purchases one or more debt securities and simultaneously agrees to sell those securities back to the seller at a mutually agreed-upon future price and date, normally one day or a few days later. The resale price is greater than the purchase price, reflecting an agreed-upon market interest rate during the purchaser’s holding period. While the maturities of the underlying securities in repurchase transactions may be more than one year, the term of each repurchase agreement will always be less than one year. The Funds follow certain procedures designed to minimize the risks inherent in such agreements. These procedures include effecting repurchase transactions generally with major global financial institutions whose creditworthiness is continuously monitored by the Advisor. In addition, the value of the collateral underlying the repurchase agreement is required to be at least equal to the repurchase price, including any accrued interest income earned on the repurchase agreement. The Funds may invest in repurchase agreements through joint account arrangements; in such cases, each Fund holds a pro rata share of the collateral and interest income based upon the dollar amount of the repurchase agreements entered into by each Fund. The collateral underlying the repurchase agreement is held by the Fund’s custodian. A repurchase agreement is subject to the risk that the counterparty to the repurchase agreement that sells the securities may default on its obligation to repurchase them. In this circumstance, a Fund may lose money because it may not be able to sell the securities at the agreed upon time and price, the securities may lose value before they can be sold, the selling institution may declare bankruptcy or the Fund may have difficulty exercising rights to the collateral. During periods of high demand for repurchase agreements, the Funds may be unable to invest available cash in these instruments to the extent desired by the Advisor.

On February 29, 2020, the Funds had interest in joint repurchase agreements with the following counterparties, for the time periods and rates indicated. Amounts shown in the table below represent Principal Amount, Cost and Value for each respective repurchase agreement.

Fund Name	Bank of America Securities, Inc, 1.59%, dated 02/28/2020 due 03/02/2020 (1)		BNP Paribas Securities Corp, 1.58%, dated 02/28/2020 due 03/02/2020 (2)		Credit Suisse New York Branch 1.58%, dated 02/28/2020 due 03/02/2020 (3)		ING Financial Markets LLC, 1.58%, dated 02/28/2020 due 03/02/2020 (4)		ING Financial Markets LLC, 1.59%, dated 02/28/2020 due 03/02/2020 (5)		Total
Decline of the Retail Store ETF	$	1,710,137	$	3,809,440	$	1,368,110	$	684,055	$	513,041	$	8,084,783
DJ Brookfield Global Infrastructure ETF		133,197		296,704		106,557		53,279		39,959		629,696
Equities for Rising Rates ETF		797		1,775		637		319		239		3,767
Global Listed Private Equity ETF		18,569		41,363		14,855		7,427		5,570		87,784
Hedge Replication ETF		1,002,109		2,232,259		801,686		400,843		300,632		4,737,529
High Yield-Interest Rate Hedged		44,591		99,329		35,673		17,836		13,377		210,806
Inflation Expectations ETF		475,511		1,059,232		380,409		190,204		142,654		2,248,010
Investment Grade — Interest Rate Hedged		1,505,262		3,353,069		1,204,210		602,105		451,579		7,116,225
K-1 Free Crude Oil Strategy ETF		2,895,823		6,450,632		2,316,659		1,158,329		868,747		13,690,190
Large Cap Core Plus		7,248,131		16,145,677		5,798,505		2,899,252		2,174,439		34,266,004
Long Online/Short Stores ETF		62,723		139,721		50,179		25,089		18,817		296,529
Managed Futures Strategy ETF		512,009		1,140,534		409,607		204,804		153,603		2,420,557
Merger ETF		106,786		237,872		85,429		42,714		32,036		504,837
Morningstar Alternatives Solution ETF		2,848		6,345		2,279		1,139		854		13,465
MSCI EAFE Dividend Growers ETF		114,913		255,976		91,930		45,965		34,474		543,258
MSCI Emerging Markets Dividend Growers ETF		16,806		37,437		13,445		6,723		5,042		79,453
MSCI Europe Dividend Growers ETF		4,998		11,133		3,998		1,999		1,500		23,628
Online Retail ETF		11,197		24,943		8,958		4,479		3,359		52,936
PET CARE ETF		16,014		35,672		12,811		6,406		4,804		75,707
RAFITM Long/Short		158,431		352,916		126,745		63,373		47,529		748,994
Russell 2000 Dividend Growers ETF		345,073		768,673		276,059		138,029		103,522		1,631,356
Russell U.S. Dividend Growers ETF		10,502		23,394		8,402.00		4,201		3,151		49,650
S&P 500® Bond ETF		44,388		98,877		35,511		17,755		13,316		209,847
S&P 500® Dividend Aristocrats ETF		1,460,165		3,252,612		1,168,132		584,066		438,050		6,903,025
S&P 500® Ex-Energy ETF		5,798		12,915		4,639		2,319		1,739		27,410
S&P 500® Ex-Financials ETF		846		1,886		676		339		254		4,001
S&P 500® Ex-Health Care ETF		1,198		2,670		959		479		360		5,666
S&P 500® Ex-Technology ETF		1,285		2,862		1,028		514		385		6,074
S&P MidCap 400® Dividend Aristocrats ETF		445,575		992,545		356,459		178,230		133,672		2,106,481
S&P Technology Dividend Aristocrats ETF		12,583		28,029		10,065.00		5,033		3,775		59,485
Short Term USD Emerging Markets Bond ETF		11,861		26,421		9,489		4,744		3,558		56,073
	$	18,380,126	$	40,942,913	$	14,704,101	$	7,352,049	$	5,514,037	$	86,893,226

Each Repurchase Agreement was fully collateralized by US government and/or agency securities at February 29, 2020 as follows: 

(1) US Treasury Bonds, 3.63% to 4.25%, due 11/15/2040 to 2/15/2044; US Treasury Notes, 0.13% to 3.13%, due 2/28/2021 to 11/15/2028, which had an aggregate value at the Trust level of $1,020,000,211. 

(2) US Treasury Bills, 0%, due 4/7/2020 to 2/25/2021; US Treasury Bonds, 0% to 8.75%, due 5/15/2020 to 8/15/2049; US Treasury Notes, 0.13% to 2.75%, due 2/29/2020 to 1/15/2029, which had an aggregate value at the Trust level of $2,272,115,472.

(3) US Treasury Bonds, 0% to 6.13%, due 8/15/2020 to 2/15/2050; US Treasury Notes, 0.13% to 2.75%, due 3/31/2020 to 1/15/2030, which had an aggregate value at the Trust level of $816,107,440. 

(4) US Treasury Bills, 0%, due 4/21/2020 to 1/28/2021;US Treasury Bonds, 3.88% to 4.38%, due 11/15/2039 to 8/15/2040;US Treasury Notes, 0.13% to 2.88%, due 7/31/2021 to 2/15/2030, which had an aggregate value at the Trust level of $408,000,104.

(5) Federal Farm Credit Bank, 1.95%, due 12/26/2023; Federal Home Loan Bank, 0% to 3.38%, due 4/6/2020 to 12/8/2023; Federal Home Loan Mortgage Corp, 2.25%, due 11/24/2020; US Treasury Notes, 0.63% to 2.75%, due 1/31/2021 to 2/15/2027 which had an aggregate value at the Trust level of $306,000,064.