NPORT-EX 2 vegtech2.htm
 
VegTech Plant-based Innovation & Climate ETF
  
 
Schedule of Investments - January 31, 2022 (Unaudited)
  
                   
 
Shares
            
Value
  
     
COMMON STOCKS
    
99.4
%
      
     
Agricultural Chemicals
    
1.2
%
      
   
11,913
  
Desert Control AS (b) (c)
          
$
42,460
  
       
Agricultural Operations
    
8.8
%
        
   
19,679
  
AppHarvest, Inc. (b)
            
58,840
  
   
4,763
  
Limoneira Co.
            
70,778
  
   
13,750
  
Local Bounti Corp. (b)
            
64,900
  
   
12,474
  
Village Farms International, Inc. (b) (c)
            
64,740
  
   
5,500
  
Yukiguni Maitake Co. Ltd. (c)
            
55,679
  
                     
314,937
  
       
Auto-Cars/Light Trucks
    
4.5
%
        
   
7,579
  
Fisker, Inc. (b)
            
89,508
  
   
77
  
Tesla, Inc. (b)
            
72,128
  
                     
161,636
  
       
Beverages-Non-alcoholic
    
23.4
%
        
   
4,477
  
Celsius Holdings, Inc. (b)
            
213,687
  
   
836
  
GURU Organic Energy Corp. (b) (c)
            
8,484
  
   
3,245
  
National Beverage Corp. (b)
            
144,954
  
   
25,014
  
Oatly Group AB - ADR (b)
            
177,850
  
   
3,817
  
VEG of Lund AB (b) (c)
            
7,778
  
   
12,001
  
Vita Coco Co., Inc. (b)
            
130,931
  
   
44,000
  
Vitasoy International Holdings Ltd. (c)
            
85,776
  
   
9,229
  
Zevia PBC (b)
            
73,832
  
                     
843,292
  
       
Beverages-Wine/Spirits
    
5.7
%
        
   
2,706
  
MGP Ingredients, Inc.
            
204,736
  
       
Brewery
    
3.9
%
        
   
2,200
  
Anheuser-Busch InBev SA/NV - ADR
            
138,754
  
       
Chemicals-Specialty
    
13.9
%
        
   
45,595
  
Amyris, Inc. (b)
            
207,913
  
   
44
  
Givaudan SA (c)
            
181,290
  
   
1,331
  
Sensient Technologies Corp.
            
112,789
  
                     
501,992
  
       
Cosmetics & Toiletries
    
5.1
%
        
   
6,149
  
elf Beauty, Inc. (b)
            
181,764
  
       
Food-Meat Products
    
1.4
%
        
   
7,095
  
Meatech 3D Ltd. - ADR (b)
            
36,823
  
   
22,000
  
Very Good Food Co., Inc. (b) (c)
            
13,153
  
                     
49,976
  
       
Food-Misc/Diversified
    
11.7
%
        
   
3,212
  
Beyond Meat, Inc. (b)
            
209,198
  
   
16,797
  
Burcon NutraScience Corp. (b) (c)
            
17,178
  
   
1,925
  
Ingredion, Inc.
            
182,298
  
   
11,000
  
Planting Hope Co., Inc. (b) (c)
            
9,000
  
   
44
  
Veganz Group AG (b) (c)
            
4,038
  
                     
421,712
  
       
Food-Retail
    
0.7
%
        
   
3,322
  
Laird Superfood, Inc. (b)
            
26,476
  
       
Food-Wholesale Distribution
    
1.8
%
        
   
4,609
  
Mission Produce, Inc. (b)
            
65,770
  
       
Investment Companies
    
0.8
%
        
   
88,440
  
Agronomics Ltd. (b) (c)
            
21,410
  
   
11,000
  
Eat Well Investment Group, Inc. (b) (c)
            
6,144
  
                     
27,554
  
       
Machinery-Farm
    
2.3
%
        
   
4,180
  
Hydrofarm Holdings Group, Inc. (b)
            
81,970
  
       
Medical Labs & Testing Services
    
5.4
%
        
   
32,395
  
Ginkgo Bioworks Holdings, Inc. (b)
            
193,722
  
       
Retail-Gardening Products
    
2.6
%
        
   
11,187
  
GrowGeneration Corp. (b)
            
94,418
  
       
Retail-Perfume & Cosmetics
    
4.7
%
        
   
7,788
  
Olaplex Holdings, Inc. (b)
            
170,090
  
       
Specified Purpose Acquisition
    
0.8
%
        
   
2,992
  
Natural Order Acquisition Corp. (b)
            
29,172
  
       
Vitamins & Nutritional Products
    
0.7
%
        
   
18,260
  
Else Nutrition Holdings, Inc. (b) (c)
            
21,978
  
   
2,948
  
Yumy Candy Co., Inc. (b) (c)
            
3,919
  
                     
25,897
  
       
Total Common Stocks (cost $3,853,211)
            
3,576,328
  
                         
       
MONEY MARKET FUND
    
0.7
%
        
   
26,270
  
First American Government Obligations Fund, Class X, 0.03% (a)
            
26,270
  
       
Total Money Market Fund (cost $26,270)
            
26,270
  
                         
       
Total Investments (cost $3,879,481)
    
100.1
%
    
3,602,598
  
       
Liabilities less Other Assets
    
(0.1
)%
    
(2,990
)
       
TOTAL NET ASSETS
    
100.0
%
  
$
3,599,608
  

(a)
  
Rate shown is the 7-day annualized yield as of January 31, 2022.
    
(b)
  
Non-income producing security.
    
(c)
  
U.S. traded securitiy of a foreign issuer.
    
   
ADR - American Depository Receipt
    
VegTech Plant-based Innovation & Climate ETF
                
Summary of Fair Value Disclosure at January 31, 2022 (Unaudited)
            
                     
The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. Accounting principles generally accepted in the United
  
States of America ("U.S. GAAP") establish a hierarchy that prioritizes inputs to valuation methods.  The three levels of inputs are:
    
                     
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
    
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may
include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves,
default rates and similar data.
                  
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions
  
about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.
    
                     
A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.
  
                     
The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security,
  
 that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly,
 the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.
        
                     
The following is a summary of the inputs used to value the Fund's investments as of January 31, 2022:
        

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Common Stocks
                        
Basic Materials
  
$
544,452
    
$
-
    
$
-
    
$
544,452
  
Consumer Cyclical
    
448,122
      
-
      
-
      
448,122
  
Consumer Non-cyclical
    
2,445,058
      
-
      
-
      
2,445,058
  
Diversified Finance
    
29,172
      
-
      
-
      
29,172
  
Financial
    
27,554
      
-
      
-
      
27,554
  
Industrial
    
81,970
      
-
      
-
      
81,970
  
Total Common Stocks
    
3,576,328
      
-
      
-
      
3,576,328
  
Money Market Fund
    
26,270
      
-
      
-
      
26,270
  
Total Investments in Securities
  
$
3,602,598
    
$
-
    
$
-
    
$
3,602,598
  
                                 
Refer to the Fund’s schedule of investments for a detailed break-out of securities by industry classification.