Vident U.S. Equity Strategy ETF™
Schedule of Investments
November 30, 2023 (Unaudited)
Shares		Security Description	Value
COMMON STOCKS - 99.6%
		Communication Services - 7.4%
	145,317	Cargurus, Inc. (a)	$	3,141,753
	8,469	Charter Communications, Inc. - Class A (a)		3,388,701
	40,958	Comcast Corporation - Class A		1,715,730
	21,781	Electronic Arts, Inc.		3,005,996
	61,507	Iridium Communications, Inc.		2,343,417
	28,146	John Wiley & Sons, Inc. - Class A		850,291
	15,271	Meta Platforms, Inc. - Class A (a)		4,995,908
	7,506	Netflix, Inc. (a)		3,557,619
	76,409	New York Times Company - Class A		3,590,459
	32,898	Pinterest, Inc. - Class A (a)		1,120,835
	150,207	Sirius XM Holdings, Inc.		702,969
	159,914	TEGNA, Inc.		2,451,482
	13,971	T-Mobile US, Inc. (a)		2,101,937
	16,512	Trade Desk, Inc. - Class A (a)		1,163,435
	62,182	Yelp, Inc. (a)		2,717,975
	38,956	Ziff Davis, Inc. (a)		2,486,172
				39,334,679
		Consumer Discretionary - 12.4%
	2,033	AutoZone, Inc. (a)		5,305,988
	2,118	Booking Holdings, Inc. (a)		6,620,233
	3,461	Chipotle Mexican Grill, Inc. (a)		7,621,987
	31,993	Home Depot, Inc.		10,029,486
	2,975	Lowe's Companies, Inc.		591,519
	37,160	McDonalds Corporation		10,473,174
	6,958	O'Reilly Automotive, Inc. (a)		6,835,400
	53,142	Starbucks Corporation		5,277,001
	29,827	Tesla, Inc. (a)		7,160,866
	72,403	TJX Companies, Inc.		6,379,428
				66,295,082
		Consumer Staples - 7.0%
	119,158	Altria Group, Inc.		5,009,402
	174,188	Coca-Cola Company		10,179,547
	58,247	PepsiCo, Inc.		9,802,388
	80,436	Walmart, Inc.		12,523,081
				37,514,418
		Energy - 5.1%
	65,883	Chevron Corporation		9,460,799
	41,214	EOG Resources, Inc.		5,072,207
	95,977	Exxon Mobil Corporation		9,860,677
	12,038	Pioneer Natural Resources Company		2,788,482
				27,182,165
		Financials - 13.7%
	24,686	Affiliated Managers Group, Inc.		3,346,187
	62,853	Bancorp, Inc. (a)		2,451,895
	17,532	Cboe Global Markets, Inc.		3,194,155
	12,701	Cincinnati Financial Corporation		1,305,536
	92,475	Equitable Holdings, Inc.		2,838,058
	91,447	First Financial Bankshares, Inc.		2,400,484
	455,811	Genworth Financial, Inc. - Class A (a)		2,684,727
	23,578	Globe Life, Inc.		2,903,159
	11,302	LPL Financial Holdings, Inc.		2,512,435
	1,778	Markel Group, Inc. (a)		2,558,702
	25,601	Mastercard, Inc. - Class A		10,594,462
	150,980	MGIC Investment Corporation		2,655,738
	7,095	MSCI, Inc.		3,695,431
	38,998	Pathward Financial, Inc.		1,933,911
	29,973	Principal Financial Group, Inc.		2,212,907
	96,349	PROG Holdings, Inc. (a)		2,626,474
	25,419	RLI Corporation		3,446,816
	21,477	SEI Investments Company		1,260,056
	15,486	Tradeweb Markets, Inc. - Class A		1,500,593
	42,955	Visa, Inc. - Class A		11,025,689
	1,684	White Mountains Insurance Group, Ltd.		2,579,753
	42,666	W.R. Berkley Corporation		3,095,418
				72,822,586
		Health Care - 12.7%
	12,984	AbbVie, Inc.		1,848,792
	15,656	Agilent Technologies, Inc.		2,000,837
	83,837	Bristol-Myers Squibb Company		4,139,871
	80,250	Corcept Therapeutics, Inc. (a)		2,043,967
	105,089	Cross Country Healthcare, Inc. (a)		2,130,154
	39,919	Danaher Corporation		8,914,312
	84,214	Gilead Sciences, Inc.		6,450,792
	7,469	IDEXX Laboratories, Inc. (a)		3,479,210
	41,780	Johnson & Johnson		6,461,695
	3,372	Medpace Holdings, Inc. (a)		912,868
	119,754	Merck & Company, Inc.		12,272,390
	8,999	Shockwave Medical, Inc. (a)		1,570,775
	21,383	UnitedHealth Group, Inc.		11,824,158
	19,820	Zoetis, Inc.		3,501,599
				67,551,420
		Industrials - 9.0%
	8,950	A.O. Smith Corporation		674,472
	16,295	Acuity Brands, Inc.		2,921,042
	21,845	Atkore, Inc. (a)		2,837,665
	14,334	Caterpillar, Inc.		3,593,820
	6,426	Cintas Corporation		3,555,185
	7,871	Encore Wire Corporation		1,450,625
	22,508	Expeditors International of Washington, Inc.		2,708,613
	45,787	Fastenal Company		2,745,846
	7,779	Illinois Tool Works, Inc.		1,884,152
	13,833	Landstar System, Inc.		2,388,267
	22,673	MSC Industrial Direct Company, Inc. - Class A		2,208,804
	84,346	Mueller Industries, Inc.		3,502,889
	5,434	Old Dominion Freight Line, Inc.		2,114,152
	43,197	Paychex, Inc.		5,268,738
	17,787	Tecnoglass, Inc.		619,877
	13,306	Veralto Corporation (a)		1,027,889
	11,017	Verisk Analytics, Inc.		2,659,834
	15,843	Watts Water Technologies, Inc. - Class A		3,049,936
	3,258	WW Grainger, Inc.		2,561,407
				47,773,213
		Information Technology - 25.5% (b)
	19,495	Adobe, Inc. (a)		11,911,640
	71,557	Apple, Inc.		13,592,252
	43,947	Applied Materials, Inc.		6,582,382
	11,576	Broadcom, Inc.		10,716,250
	27,699	Cadence Design Systems, Inc. (a)		7,569,306
	186,323	Cisco Systems, Inc.		9,014,307
	32,283	Diodes, Inc. (a)		2,144,237
	63,028	Dynatrace, Inc. (a)		3,375,149
	3,707	Fair Isaac Corporation (a)		4,031,733
	108,642	Fortinet, Inc. (a)		5,710,224
	10,320	KLA Corporation		5,620,478
	7,699	Lam Research Corporation		5,511,868
	34,905	Lattice Semiconductor Corporation (a)		2,043,688
	14,884	Manhattan Associates, Inc. (a)		3,319,876
	80,390	Microchip Technology, Inc.		6,707,742
	40,117	Microsoft Corporation		15,200,732
	9,583	Palo Alto Networks, Inc. (a)		2,827,847
	43,281	Photronics, Inc. (a)		914,528
	46,310	QUALCOMM, Inc.		5,976,305
	15,182	Qualys, Inc. (a)		2,806,241
	53,876	Rambus, Inc. (a)		3,645,789
	11,669	Synopsys, Inc. (a)		6,338,951
				135,561,525
		Materials - 3.6%
	11,490	Alpha Metallurgical Resources, Inc.		3,223,634
	34,458	CF Industries Holdings, Inc.		2,589,519
	11,126	Nucor Corporation		1,891,086
	11,519	Reliance Steel & Aluminum Company		3,170,720
	11,482	Southern Copper Corporation		825,900
	30,901	Steel Dynamics, Inc.		3,681,236
	65,882	Warrior Met Coal, Inc.		3,687,416
				19,069,511
		Real Estate - 1.8%
	14,106	Crown Castle, Inc.		1,654,352
	18,891	Public Storage		4,888,235
	286,992	Sunstone Hotel Investors, Inc.		2,835,481
				9,378,068
		Utilities - 1.4%
	49,626	National Fuel Gas Company		2,520,505
	15,878	Otter Tail Corporation		1,211,650
	13,274	Public Service Enterprise Group, Inc.		828,696
	86,606	Vistra Corporation		3,066,718
				7,627,569
		TOTAL COMMON STOCKS (Cost $482,437,003)		530,110,236
SHORT-TERM INVESTMENTS - 0.3%
Principal Amount		Money Market Deposit Account - 0.3%
$	1,567,250	U.S. Bank Money Market Deposit Account, 4.21% (c)		1,567,250
		TOTAL SHORT-TERM INVESTMENTS (Cost $1,567,250)		1,567,250
		TOTAL INVESTMENTS - 99.9% (Cost $484,004,253)		531,677,486
		Other Assets in Excess of Liabilities - 0.1%		714,823
		NET ASSETS - 100.0%	$	532,392,309

Percentages are stated as a percent of net assets.
(a)	Non-income producing security.
(b)	To the extent that the Fund invests more heavily in particular sectors of the economy, its performance will be especially sensitive to developments that significantly affect those sectors.
(c)	The Money Market Deposit Account (the “MMDA”) is a short-term investment vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on conditions and may change daily and by any amount. The rate shown is as of November 30, 2023.
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by the Fund's Administrator, U.S. Bancorp Fund Services, LLC.

Summary of Fair Value Disclosure at November 30, 2023 (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") establishes a hierarchy that prioritizes inputs to valuation methods.  The three levels of inputs are:

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may

include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment 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.

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,

whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security.

To the extent 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 inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value

hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value

measurement in its entirety.

The following is a summary of the inputs used to value the Fund's investments as of November 30, 2023:

	Level 1		Level 2		Level 3		Total
Assets^
Common Stocks	$	530,110,236	$	-	$	-	$	530,110,236
Short-Term Investments		1,567,250		-		-		1,567,250
Total Investments in Securities	$	531,677,486	$	-	$	-	$	531,677,486

^See Schedule of Investments for breakout of investments by sector classification.

For the period ended November 30, 2023, the Fund did not recognize any transfers to or from Level 3.