CORONADO GLOBAL

0001752724-23-067689.txt : 20230327 0001752724-23-067689.hdr.sgml : 20230327 20230327135239 ACCESSION NUMBER: 0001752724-23-067689 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230131 FILED AS OF DATE: 20230327 DATE AS OF CHANGE: 20230327 PERIOD START: 20231031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Two Roads Shared Trust CENTRAL INDEX KEY: 0001552947 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-22718 FILM NUMBER: 23763822 BUSINESS ADDRESS: STREET 1: 225 PICTORIA DRIVE STREET 2: SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 BUSINESS PHONE: 402-895-1600 MAIL ADDRESS: STREET 1: 17605 WRIGHT STREET STREET 2: SUITE 200 CITY: OMAHA STATE: NE ZIP: 68130

0001552947 S000074951 Conductor Global Equity Value ETF

C000233407 Conductor Global Equity Value ETF

NPORT-P 1 primary_doc.xml NPORT-P false 0001552947 XXXXXXXX S000074951 C000233407 Two Roads Shared Trust 811-22718 0001552947 549300REHU8QC2CK4V30 225 PICTORIA DRIVE SUITE 450 CINCINNATI 45246 402-895-1600 Conductor Global Equity Value ETF S000074951 549300SM234SHZO4HN34 2023-10-31 2023-01-31 N 113140084.30 1697668.80 111442415.50 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 515710.27000000 N Coronado Global Resources Inc 549300IGUM6F25CYHK79 CORONADO GLOBAL U2024H107 1373894.00000000 NS 1990674.17000000 1.786280529786 Long EC CORP US Y 2 N N N Vishay Intertechnology, Inc. 5493009O8F3QQJTCQR75 VISHAY INTERTECH 928298108 56748.00000000 NS USD 1298961.72000000 1.165590062071 Long EC CORP US N 1 N N N United States Steel Corporation JNLUVFYJT1OZSIQ24U47 US STEEL CORP 912909108 40525.00000000 NS USD 1154557.25000000 1.036012405886 Long EC CORP US N 1 N N N Fuji Seal International Inc N/A FUJI SEAL INTER J15183106 76100.00000000 NS 989247.14000000 0.887675608574 Long EC CORP JP N 2 N N N CSN Mineracao SA N/A CSN MINERACAO SA P3338S108 1398400.00000000 NS 1482266.53000000 1.330073942986 Long EC CORP BR N 1 N N N Metalurgica Gerdau N/A METALURGICA GERDAU SA-PRE P4834C118 461400.00000000 NS 1319947.99000000 1.184421554466 Long EP CORP BR N 1 N N N Fortum Oyj 635400IUIZZIUJSAMF76 Fortum OYJ X2978Z118 68624.00000000 NS 1031500.92000000 0.925590956883 Long EC CORP FI N 2 N N N Alliance Resource Partners, L.P. 529900T4Q5UPWOUFG783 ALLIANCE RESOURC 01877R108 148402.00000000 NS USD 3402857.86000000 3.053467429553 Long EC CORP US N 1 N N N Fila Holdings Corp. N/A FILA KOREA LTD Y2484W103 40525.00000000 NS 1278715.01000000 1.147422194918 Long EC CORP KR N 2 N N N Atresmedia Corporacion De Medios De Comunicacion, S.A 95980020140005491929 Atresmedia Corp de Medios E0728T102 311070.00000000 NS 1159593.14000000 1.040531232921 Long EC CORP ES N 2 N N N Orion Corp N/A ORION CORP/REPUBLIC OF KO Y6S90M128 12117.00000000 NS 1225281.39000000 1.099474903251 Long EC CORP KR N 2 N N N Aeon Delight Co N/A AEON DELIGHT CO J0036F104 47700.00000000 NS 1132592.44000000 1.016302845661 Long EC CORP JP N 2 N N N Hengan International Group Company Limited N/A Hengan International Grou G4402L151 215000.00000000 NS 1057757.00000000 0.949151178439 Long EC CORP KY N 2 N N N SSAB Swedish Steel AB 529900329VS14ZIML164 SSAB-A W8615U124 190041.00000000 NS 1358182.81000000 1.218730591854 Long EC CORP SE N 2 N N N Mixi Inc 529900IL3THMH0SFYQ49 Mixi Inc J45993110 50700.00000000 NS 972920.67000000 0.873025468476 Long EC CORP JP N 2 N N N Genting Singapore Ltd 254900Y2N3AK93K1O866 GENTING SINGAPORE LTD Y2692C139 1791600.00000000 NS 1356957.70000000 1.217631270743 Long EC CORP SG N 2 N N N Jupiter Fund Management PLC 5493003DJ1G01IMQ7S28 JUPITER FUND MANAGEMENT G5207P107 500272.00000000 NS 866220.63000000 0.777280917784 Long EC CORP GB N 2 N N N Duskin CoLtd N/A Duskin Co Ltd J12506101 47700.00000000 NS 1115051.87000000 1.000563263993 Long EC CORP JP N 2 N N N Ryohin Keikaku Co Ltd. 549300PMNF56J66BY371 Ryohin Keikaku Co Ltd J6571N105 94800.00000000 NS 1051374.16000000 0.943423700287 Long EC CORP JP N 2 N N N Companhia Siderurgica Nacional 529900K40TEND42S0T46 SID NACIONAL P8661X103 324000.00000000 NS 1184135.87000000 1.062554023696 Long EC CORP BR N 1 N N N Zenkoku Hosho Co Ltd 353800VOQEKTSCSL9O03 Zenkoku Hosho Co Ltd J98829104 30900.00000000 NS 1203735.29000000 1.080141061730 Long EC CORP JP N 2 N N N Nichiha Corp N/A NICHIHA CORP J53892105 45300.00000000 NS 972487.24000000 0.872636541156 Long EC CORP JP N 2 N N N ITV PLC ZLECI7ED2QMWFGYCXZ59 ITV PLC G4984A110 1164772.00000000 NS 1166396.04000000 1.046635641166 Long EC CORP GB N 2 N N N Autobacs Seven Co Ltd 5299006NCUSCPURTQB07 AUTOBACS SEVEN J03507100 82200.00000000 NS 915310.59000000 0.821330537294 Long EC CORP JP N 2 N N N DWS Group SE 529900VM3464806ERS69 DWS GROUP GMBH & CO KGAA D23390103 33387.00000000 NS 1200815.37000000 1.077520946232 Long EC CORP DE Y 2 N N N China Shenhua Energy Co Ltd. 529900N9JOX4C108MA40 CHINA SHENHUA-H Y1504C113 527500.00000000 NS 1642053.35000000 1.473454557344 Long EC CORP CN N 2 N N N Sandfire Resources Ltd. 213800ZW52P23FVH1V47 SANDFIRE RESOURC Q82191109 290200.00000000 NS 1293329.65000000 1.160536268168 Long EC CORP AU N 2 N N N Japan Tobacco Inc 353800Z0ENYBQO0XRJ31 JAPAN TOBACCO J27869106 48000.00000000 NS 979015.31000000 0.878494337732 Long EC CORP JP N 2 N N N Kamigumi Co Ltd N/A KAMIGUMI CO LTD J29438165 45600.00000000 NS 933010.44000000 0.837213044794 Long EC CORP JP N 2 N N N ManpowerGroup Inc. ERO1WSFOSR0JJ6CRQ987 MANPOWERGROUP IN 56418H100 12173.00000000 NS USD 1060998.68000000 0.952060017040 Long EC CORP US N 1 N N N Centamin PLC 213800PDI9G7OUKLPV84 Centamin PLC G2055Q105 991258.00000000 NS 1358829.75000000 1.219311106909 Long EC CORP JE N 2 N N N Yamazen Corp 353800VADDW91MPELT42 YAMAZEN CORP J96744115 143500.00000000 NS 1175665.69000000 1.054953524405 Long EC CORP JP N 2 N N N Henkel AG & Co. KGaA 549300VZCL1HTH4O4Y49 Henkel AG & Co KGaA D3207M110 15022.00000000 NS 1070999.16000000 0.961033691880 Long EP CORP DE N 2 N N N Kato Sangyo Co N/A KATO SANGYO CO J3104N108 38900.00000000 NS 1081246.58000000 0.970228952009 Long EC CORP JP N 2 N N N Amundi SA 96950010FL2T1TJKR531 AMUNDI SA F0300Q103 17990.00000000 NS 1177723.73000000 1.056800253939 Long EC CORP FR Y 2 N N N Stanley Electric Co Ltd N/A Stanley Electric Co Ltd J76637115 52100.00000000 NS 1121490.32000000 1.006340642356 Long EC CORP JP N 2 N N N Biogen Inc W8J5WZB5IY3K0NDQT671 BIOGEN INC 09062X103 4640.00000000 NS USD 1349776.00000000 1.211186956011 Long EC CORP US N 1 N N N Toagosei Co Ltd N/A Toagosei Co Ltd J8381L105 129700.00000000 NS 1177264.54000000 1.056388211542 Long EC CORP JP N 2 N N N BBH SWEEP VEHICLE N/A BBH SWEEP VEHICLE N/A 7846195.28000000 PA USD 7846195.28000000 7.040582568851 Long STIV CORP US N 1 N N N Japan Aviation Electronics Ind 353800OSHAMOO6TCTF61 Japan Aviation Electronic J26273102 65600.00000000 NS 1127225.83000000 1.011487255496 Long EC CORP JP N 2 N N N Okamura Corp N/A OKAMURA CORP J60514114 103400.00000000 NS 1134374.93000000 1.017902317452 Long EC CORP JP N 2 N N N Gold Fields Ltd 5299003KXIBJQYCBBD72 Gold Fields Ltd S31755101 98445.00000000 NS 1122388.36000000 1.007146475571 Long EC CORP ZA N 2 N N N The Navigator Company SA 549300UNIB7M2AXUXS35 NAVIGATOR CO SA/ X67182109 374480.00000000 NS 1310994.27000000 1.176387162929 Long EC CORP PT N 2 N N N Acerinox SA 95980020140005582721 ACERINOX SA E00460233 101630.00000000 NS 1100570.92000000 0.987569154044 Long EC CORP ES N 2 N N N Abercrombie & Fitch Co 5493000J7LL72TOGT983 ABERCROMBIE & FI 002896207 43630.00000000 NS USD 1263524.80000000 1.133791648656 Long EC CORP US N 1 N N N Viva Energy Group Ltd. N/A VIVA ENERGY GROU Q9478L109 720588.00000000 NS 1489797.76000000 1.336831899520 Long EC CORP AU Y 2 N N N BGF Retail Co Ltd N/A BGF RETAIL CO LT Y0R8SQ109 7138.00000000 NS 1080837.77000000 0.969862116816 Long EC CORP KR N 2 N N N Edion Corp 353800697NBCW7EAHZ97 EDION CORP J1266Z109 112300.00000000 NS 1109404.00000000 0.995495292364 Long EC CORP JP N 2 N N N Outokumpu Oyj 5493009YRUJJDCFF0R80 OUTOKUMPU OYJ X61161273 207066.00000000 NS 1185694.49000000 1.063952611472 Long EC CORP FI N 2 N N N Doubleugames Co Ltd 549300YX1GSB0NJDFU35 DOUBLEUGAMES CO Y2106F108 28223.00000000 NS 1130965.79000000 1.014843212905 Long EC CORP KR N 2 N N N TS Tech Co Ltd. N/A TS Tech Co Ltd J9299N100 78700.00000000 NS 980546.26000000 0.879868096541 Long EC CORP JP N 2 N N N Heartland Express Inc. 5299005V45FZIQGLOG39 HEARTLAND EXPRES 422347104 69127.00000000 NS USD 1162716.14000000 1.043333577061 Long EC CORP US N 1 N N N Hays PLC 213800QC8AWD4BO8TH08 HAYS PLC G4361D109 730433.00000000 NS 1114414.59000000 0.999991417091 Long EC CORP GB N 2 N N N Ferrexpo PLC 213800CEDKSNUTPAQZ41 FERREXPO PLC G3435Y107 512882.00000000 NS 1003383.11000000 0.900360159548 Long EC CORP GB N 2 N N N Joyful Honda Co Ltd N/A JOYFUL HONDA CO J29248101 75400.00000000 NS 1083467.73000000 0.972222044128 Long EC CORP JP N 2 N N N Lee & Man Paper Manufacturing Ltd 30030066PNKQVCCC5G24 Lee & Man Paper Manufactu G5427W130 2392000.00000000 NS 1048216.44000000 0.940590201044 Long EC CORP KY N 2 N N N The RMR Group Inc. 549300JP4L34E48UJM16 RMR GROUP-A 74967R106 37706.00000000 NS USD 1169640.12000000 1.049546633346 Long EC CORP US N 1 N N N Sime Darby Berhad N/A Sime Darby Bhd Y7962G108 2139900.00000000 NS 1163125.52000000 1.043700923729 Long EC CORP MY N 2 N N N Nucor Corporation 549300GGJCRSI2TIEJ46 NUCOR CORP 670346105 20805.00000000 NS USD 3516461.10000000 3.155406390128 Long EC CORP US N 1 N N N Indo Tambangray 52990056ZNHB217ZKL92 INDO TAMBANGRAYA Y71244100 1000760.00000000 NS 2417049.46000000 2.168877486328 Long EC CORP ID N 2 N N N Tsuruha Holdings Inc. N/A TSURUHA HOLDINGS J9348C105 18200.00000000 NS 1340300.04000000 1.202683945772 Long EC CORP JP N 2 N N N Dreyfus Cash Mgmt 549300GPN878IQZQIV31 DREYFUS-CS MG-IN 26188J206 42593.15000000 PA USD 42631.48000000 0.038254267738 Long STIV RF US N 1 N N N KT&G Corp. 988400ZJV6ISYBLQX875 KT&G CORP Y49904108 16250.00000000 NS 1217731.05000000 1.092699798848 Long EC CORP KR N 2 N N N Schaeffler AG 549300Q7E782X7GC1P43 SCHAEFFLER-PREF D6T0B6130 158239.00000000 NS 1135681.94000000 1.019075129433 Long EP CORP DE N 2 N N N Covestro AG 3912005AWHKLQ1CPLV11 COVESTRO AG D15349109 24052.00000000 NS 1107386.11000000 0.993684590406 Long EC CORP DE Y 2 N N N Kandenko Co Ltd 35380080NSN7GCYZ3X14 KANDENKO CO LTD J29653102 168300.00000000 NS 1131403.91000000 1.015236348677 Long EC CORP JP N 2 N N N Koza Altin Isletmeleri AS N/A Koza Altin Isletmeleri AS M6372R103 93247.00000000 NS 2760003.60000000 2.476618608468 Long EC CORP TR N 2 N N N Ashmore Group 549300U3L59WB4YI2X12 ASHMORE GROUP PL G0609C101 370973.00000000 NS 1221847.85000000 1.096393903988 Long EC CORP GB N 2 N N N Electrolux AB 549300Y3HHZB1ZGFPJ93 ELECTROLUX AB-B W0R34B150 72348.00000000 NS 1024605.40000000 0.919403438451 Long EC CORP SE N 2 N N N Gerdau SA 254900YDV6SEQQPZVG24 GERDAU SA-PREF P2867P113 195000.00000000 NS 1263988.49000000 1.134207729013 Long EP CORP BR N 1 N N N Nippon Kayaku Co Ltd N/A NIPPON KAYAKU J54236112 111800.00000000 NS 1038407.76000000 0.931788633027 Long EC CORP JP N 2 N N N Coca-Cola FEMSA SAB de CV 5493008KEVFYPMGTXO33 COCA-COLA FEMSA P2861Y177 234482.00000000 NS 1784127.89000000 1.600941510461 Long EC CORP MX N 1 N N N Dmci Hldgs Inc N/A DMCI HLDGS INC Y2088F100 9386100.00000000 NS 1892145.29000000 1.697868160440 Long EC CORP PH N 2 N N N Arcs Company Limited N/A ARCS CO LTD J0195H107 67600.00000000 NS 1142626.27000000 1.025306446269 Long EC CORP JP N 2 N N N Tiger Brands Ltd 529900C57HAFZAHHBC90 TIGER BRANDS LTD S84594142 107569.00000000 NS 1287246.85000000 1.155078023232 Long EC CORP ZA N 2 N N N Cia Saneamento Minas Gerais N/A COPASA MG - ORD P28269101 400600.00000000 NS 1158642.92000000 1.039678577318 Long EC CORP BR N 1 N N N Perdoceo Education Corp. 529900X5PCA184O9LY90 PERDOCEO EDUCATI 71363P106 90621.00000000 NS USD 1356596.37000000 1.217307040513 Long EC CORP US N 1 N N N Impala Platinum Holdings Ltd 254900BZFIFB4PD2Z778 Impala Platinum Holdings S37840113 89862.00000000 NS 1042324.49000000 0.935303210472 Long EC CORP ZA N 2 N N N Sankyo Co Ltd 3538009H2R9ZBZAOAK48 Sankyo Co Ltd J67844100 35800.00000000 NS 1446320.22000000 1.297818441489 Long EC CORP JP N 2 N N N Optorun Co Ltd N/A OPTORUN CO LTD J61658100 51800.00000000 NS 1022408.75000000 0.917432330780 Long EC CORP JP N 2 N N N Morgan Advanced Materials PLC I4K14LL95N2PHDL7EG85 MORGAN ADVANCED G62496131 290100.00000000 NS 1125849.86000000 1.010252564024 Long EC CORP GB N 2 N N N Baic Motor Corp Ltd. 5299003EYHISIDNLZQ19 BAIC MOTOR-H Y0506H104 2942000.00000000 NS 903156.42000000 0.810424303841 Long EC CORP CN Y 2 N N N Golden Energy & Resources Ltd. 213800WUJ9Y7IBYU8D72 GOLDEN ENERGY & Y2749E104 2746100.00000000 NS 1647931.74000000 1.478729380197 Long EC CORP SG N 2 N N N 2023-02-28 Two Roads Shared Trust Laura Szalyga Laura Szalyga Treasurer XXXX NPORT-EX 2 conductornport.htm CONDUCTOR PART EX

CONDUCTOR GLOBAL EQUITY VALUE ETF
SCHEDULE OF INVESTMENTS (Unaudited)
January 31, 2023

Shares		Fair Value
	COMMON STOCKS — 93.4%
	APPAREL & TEXTILE PRODUCTS - 1.1%
40,525	Fila Holdings Corporation	$ 1,278,715

	ASSET MANAGEMENT - 4.0%
17,990	Amundi S/A	1,177,724
370,973	Ashmore Group PLC	1,221,848
33,387	DWS Group GmbH & Company KGaA	1,200,815
500,272	Jupiter Fund Management PLC	866,221
		4,466,608
	AUTOMOTIVE - 3.7%
2,942,000	BAIC Motor Corporation Ltd., Class H	903,157
158,239	Schaeffler A.G., Preferred Shares	1,135,682
52,100	Stanley Electric Company Ltd.	1,121,490
78,700	TS Tech Company Ltd.	980,546
		4,140,875
	BEVERAGES - 1.6%
234,482	Coca-Cola Femsa S.A.B. de C.V.	1,784,128

	BIOTECHNOLOGY & PHARMACEUTICALS - 1.2%
4,640	Biogen, Inc.^(a)	1,349,776

	CHEMICALS - 4.0%
24,052	Covestro A.G.	1,107,386
290,100	Morgan Advanced Materials PLC	1,125,850
111,800	Nippon Kayaku Company Ltd.	1,038,408
129,700	Toagosei Company Ltd.	1,177,264
		4,448,908
	COMMERCIAL SUPPORT SERVICES - 3.0%
47,700	Aeon Delight Company Ltd.	1,132,592
730,433	Hays PLC	1,114,415
12,173	ManpowerGroup, Inc.	1,060,999
		3,308,006
	CONSUMER SERVICES - 1.2%
90,621	Perdoceo Education Corporation^(a)	1,356,596

CONDUCTOR GLOBAL EQUITY VALUE ETF
SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
January 31, 2023

Shares		Fair Value
	COMMON STOCKS — 93.4% (Continued)
	CONTAINERS & PACKAGING - 1.8%
76,100	Fuji Seal International, Inc.	$ 989,247
2,392,000	Lee & Man Paper Manufacturing Ltd.	1,048,216
		2,037,463
	ELECTRIC UTILITIES - 0.9%
68,624	Fortum OYJ	1,031,501

	ELECTRICAL EQUIPMENT - 1.0%
65,600	Japan Aviation Electronics Industry Ltd.	1,127,226

	ENGINEERING & CONSTRUCTION - 2.7%
9,386,100	DMCI Holdings, Inc.	1,892,145
168,300	Kandenko Company Ltd.	1,131,404
		3,023,549
	ENTERTAINMENT CONTENT - 1.9%
28,223	DoubleUGames Company Ltd.	1,130,966
50,700	Mixi, Inc.	972,921
		2,103,887
	FOOD - 2.3%
12,117	Orion Corporation	1,225,281
107,569	Tiger Brands Ltd.	1,287,247
		2,512,528
	FORESTRY, PAPER & WOOD PRODUCTS - 1.2%
374,480	Navigator Company S/A (The)	1,310,994

	GAS & WATER UTILITIES - 1.0%
400,600	Cia de Saneamento de Minas Gerais-COPASA	1,158,643

	HOME & OFFICE PRODUCTS - 1.9%
72,348	Electrolux A.B.	1,024,605
103,400	Okamura Corporation	1,134,375
		2,158,980
	HOME CONSTRUCTION - 0.9%
45,300	Nichiha Corporation	972,487

CONDUCTOR GLOBAL EQUITY VALUE ETF
SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
January 31, 2023

Shares		Fair Value
	COMMON STOCKS — 93.4% (Continued)
	HOUSEHOLD PRODUCTS - 2.9%
47,700	Duskin Company Ltd.	$ 1,115,052
215,000	Hengan International Group Company Ltd.	1,057,757
15,022	Henkel A.G. & Company KGaA	1,070,999
		3,243,808
	LEISURE FACILITIES & SERVICES - 2.5%
1,791,600	Genting Singapore Ltd.	1,356,958
35,800	Sankyo Company Ltd.	1,446,320
		2,803,278
	MACHINERY - 2.0%
51,800	Optorun Company Ltd.	1,022,409
143,500	Yamazen Corporation	1,175,666
		2,198,075
	METALS & MINING - 19.0%
148,402	Alliance Resource Partners, L.P.	3,402,858
991,258	Centamin PLC	1,358,830
527,500	China Shenhua Energy Company Ltd., Class H	1,642,053
1,373,894	Coronado Global Resources, Inc.	1,990,674
1,398,400	CSN Mineracao S/A	1,482,267
512,882	Ferrexpo PLC	1,003,383
98,445	Gold Fields Ltd.	1,122,388
2,746,100	Golden Energy & Resources Ltd.^(a)	1,647,932
89,862	Impala Platinum Holdings Ltd.	1,042,324
1,000,760	Indo Tambangraya Megah Tbk P.T.	2,417,049
93,247	Koza Altin Isletmeleri A/S	2,760,004
290,200	Sandfire Resources Ltd.	1,293,330
		21,163,092
	OIL & GAS PRODUCERS - 1.3%
720,588	Viva Energy Group Ltd.	1,489,798

	PUBLISHING & BROADCASTING - 2.1%
311,070	Atresmedia Corporacion de Medios de Comunicacion S.A.	1,159,593
1,164,772	ITV PLC	1,166,396
		2,325,989

CONDUCTOR GLOBAL EQUITY VALUE ETF
SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
January 31, 2023

Shares		Fair Value
	COMMON STOCKS — 93.4% (Continued)
	REAL ESTATE SERVICES - 1.1%
37,706	RMR Group, Inc. (The), Class A	$ 1,169,640

	RETAIL - CONSUMER STAPLES - 3.2%
67,600	Arcs Company Ltd.	1,142,626
7,138	BGF Retail Company Ltd.	1,080,838
18,200	Tsuruha Holdings, Inc.	1,340,300
		3,563,764
	RETAIL - DISCRETIONARY - 4.9%
43,630	Abercrombie & Fitch Company, Class A^(a)	1,263,525
82,200	Autobacs Seven Company Ltd.	915,311
112,300	EDION Corporation	1,109,404
75,400	Joyful Honda Company Ltd.	1,083,468
94,800	Ryohin Keikaku Company Ltd.	1,051,374
		5,423,082
	SEMICONDUCTORS - 1.2%
56,748	Vishay Intertechnology, Inc.	1,298,962

	STEEL - 10.8%
101,630	Acerinox S/A	1,100,571
324,000	Cia Siderurgica Nacional S/A	1,184,136
195,000	Gerdau S/A	1,263,988
461,400	Metalurgica Gerdau S/A	1,319,948
20,805	Nucor Corporation	3,516,461
207,066	Outokumpu OYJ	1,185,694
190,041	SSAB A.B.	1,358,183
40,525	United States Steel Corporation	1,154,557
		12,083,538
	TECHNOLOGY SERVICES - 1.1%
30,900	Zenkoku Hosho Company Ltd.	1,203,735

	TOBACCO & CANNABIS - 2.0%
48,000	Japan Tobacco, Inc.	979,015
16,250	KT&G Corporation	1,217,731
		2,196,746

CONDUCTOR GLOBAL EQUITY VALUE ETF
SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
January 31, 2023

Shares		Fair Value
	COMMON STOCKS — 93.4% (Continued)
	TRANSPORTATION & LOGISTICS - 1.9%
69,127	Heartland Express, Inc.	$ 1,162,717
45,600	Kamigumi Company Ltd.	933,010
		2,095,727
	WHOLESALE - CONSUMER STAPLES - 1.0%
38,900	Kato Sangyo Company Ltd.	1,081,247

	WHOLESALE - DISCRETIONARY - 1.0%
2,139,900	Sime Darby Bhd	1,163,126

	TOTAL COMMON STOCKS (Cost $90,010,200)	104,074,477

	SHORT-TERM INVESTMENT — 0.0%^(b)
	MONEY MARKET FUND - 0.0% ^(b)
42,593	Dreyfus Cash Management, Institutional Class, 4.26% (Cost $42,593)^(d)	42,631

	TOTAL INVESTMENTS - 93.4% (Cost $90,052,793)	$ 104,117,108
	OTHER ASSETS IN EXCESS OF LIABILITIES - 6.6%	7,325,308
	NET ASSETS - 100.0%	$ 111,442,416

A/S	- Anonim Sirketi
L.P.	- Limited Partnership
Ltd.	- Limited Company
OYJ	- Julkinen osakeyhtiö
PLC	- Public Limited Company
P.T.	- Perseroan Terbatas
S/A	- Société Anonyme

^(a)	Non-income producing security.
^(b)	Percentage rounds to less than 0.1%.
^(c)	Rate disclosed is the seven day effective yield as of January 31, 2023.