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
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,
2024,
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.
Each
Repurchase
Agreement
was
fully
collateralized
by
U.S.
government
and/or
agency
securities
at
February
29,
2024
as
follows:
Fund
Name
A
Bank
of
America
Securities,
Inc., 5.3%,
dated
02/29/2024
due
03/01/2024
(a)
Barclays
Capital,
Inc., 5.2%,
dated
02/29/2024
due
03/01/2024
(b)
Barclays
Capital,
Inc., 5.28%,
dated
02/29/2024
due
03/01/2024
(c)
BNP
Paribas
Securities
Corp.,
5.3%,
dated
2/29/2024
due
03/01/2024
(d)
ING
Financial
Markets
LLC,
5.3%,
dated
02/29/2024
due
03/01/2024
(e)
Total
Decline
of
the
Retail
Store
ETF
...................
$
935,421
$
136,060
$
537,337
$
3,231,455
$
1,343,605
$
6,183,878
DJ
Brookfield
Global
Infrastructure
ETF
..............
74,209
10,794
42,628
256,358
106,590
490,579
Equities
for
Rising
Rates
ETF
....................
209
30
120
718
300
1,377
Global
Listed
Private
Equity
ETF
..................
9,761
1,420
5,607
33,716
14,020
64,524
Hedge
Replication
ETF
........................
406,690
59,155
233,617
1,404,931
584,155
2,688,548
High
Yield-Interest
Rate
Hedged
..................
571,135
83,074
328,079
1,973,014
820,358
3,775,660
Inflation
Expectations
ETF
......................
3,222,159
468,678
1,850,914
11,131,094
4,628,192
21,301,037
Investment
Grade-Interest
Rate
Hedged
.............
345,163
50,206
198,274
1,192,384
495,781
2,281,808
K-1
Free
Crude
Oil
Strategy
ETF
..................
16,683,491
2,426,690
9,583,543
57,633,878
23,963,559
110,291,161
Large
Cap
Core
Plus
..........................
894,387
130,093
513,766
3,089,703
1,284,666
5,912,615
Long
Online
/Short
Stores
ETF
...................
116,456
16,939
66,896
402,303
167,273
769,867
Merger
ETF
................................
305,367
44,417
175,413
1,054,904
438,618
2,018,719
MSCI
EAFE
Dividend
Growers
ETF
................
33,562
4,882
19,279
115,942
48,205
221,870
MSCI
Emerging
Markets
Dividend
Growers
ETF
........
125,069
18,192
71,844
432,053
179,643
826,801
MSCI
Europe
Dividend
Growers
ETF
...............
4,020
585
2,309
13,888
5,774
26,576
MSCI
Transformational
Changes
ETF
...............
2,415
351
1,388
8,343
3,469
15,966
Nasdaq-100
Dorsey
Wright
Momentum
ETF
..........
2,720
396
1,563
9,396
3,908
17,983
Online
Retail
ETF
............................
10,650
1,549
6,118
36,794
15,299
70,410
Pet
Care
ETF
...............................
13,579
1,975
7,800
46,911
19,505
89,770
Russell
2000
Dividend
Growers
ETF
................
141,305
20,554
81,171
488,144
202,967
934,141
Russell
U.S.
Dividend
Growers
ETF
................
946
138
543
3,268
1,359
6,254
S&P
500
®
Bond
ETF
..........................
13,592
1,977
7,808
46,954
19,523
89,854
S&P
500
®
Dividend
Aristocrats
ETF
................
710,160
103,296
407,939
2,453,277
1,020,047
4,694,719
S&P
500
®
Ex-Energy
ETF
.......................
3,141
457
1,805
10,852
4,512
20,767
S&P
500
®
Ex-Financials
ETF
.....................
2,927
426
1,681
10,114
4,206
19,354
S&P
500
®
Ex-Health
Care
ETF
....................
1,709
249
982
5,902
2,455
11,297
S&P
500
®
Ex-Technology
ETF
....................
2,604
379
1,495
8,994
3,739
17,211