NPORT-EX 2 ROE.htm NPORT-EX Document


ASTORIA US EQUAL WEIGHT QUALITY KINGS ETF
SCHEDULE OF INVESTMENTS
February 28, 2025 (Unaudited)

COMMON STOCKS - 97.5%

Shares

Value  
Advertising - 0.8%

Omnicom Group, Inc.

15,476 

$1,280,794 





Aerospace & Defense - 0.9%

Lockheed Martin Corp.

3,091 

1,392,094 





Apparel Retail - 2.0%

Ross Stores, Inc.

10,458 

1,467,466 
TJX Cos., Inc.

12,914 

1,611,151 




3,078,617 





Application Software - 1.9%

Adobe, Inc. (a)

3,106 

1,362,167 
InterDigital, Inc.

7,550 

1,612,982 




2,975,149 





Asset Management & Custody Banks - 1.9%

Ameriprise Financial, Inc.

2,830 

1,520,559 
T Rowe Price Group, Inc.

13,071 

1,381,866 




2,902,425 





Automobile Manufacturers - 0.9%

Tesla, Inc. (a)

4,679 

1,370,853 





Biotechnology - 1.2%

AbbVie, Inc.

8,910 

1,862,457 





Broadline Retail - 1.1%

Amazon.com, Inc. (a)

7,818 

1,659,605 





Building Products - 0.8%

Carlisle Cos., Inc.

3,544 

1,207,653 





Cable & Satellite - 1.8%

Charter Communications, Inc. - Class A (a)

4,112 

1,495,000 
Comcast Corp. - Class A

37,845 

1,357,878 




2,852,878 





Communications Equipment - 3.0%

Arista Networks, Inc. (a)

15,714 

1,462,188 
Cisco Systems, Inc.

27,395 

1,756,293 


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ASTORIA US EQUAL WEIGHT QUALITY KINGS ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
February 28, 2025 (Unaudited)
COMMON STOCKS - 97.5% (CONTINUED)

Shares

Value  
Communications Equipment - 3.0% (Continued)
Motorola Solutions, Inc.

3,254 

$1,432,476 




4,650,957 





Construction & Engineering - 0.8%

EMCOR Group, Inc.

3,144 

1,285,613 





Construction Machinery & Heavy Transportation Equipment - 0.9%

Caterpillar, Inc.

3,972 

1,366,169 





Consumer Finance - 0.9%

Synchrony Financial

24,358 

1,478,043 





Consumer Staples Merchandise Retail - 3.3%

Costco Wholesale Corp.

1,670 

1,751,179 
Target Corp.

12,661 

1,573,002 
Walmart, Inc.

17,834 

1,758,611 




5,082,792 





Diversified Banks - 1.1%

JPMorgan Chase & Co.

6,470 

1,712,286 





Diversified Financial Services - 0.9%

Apollo Global Management, Inc.

9,305 

1,388,957 





Electric Utilities - 1.1%

NRG Energy, Inc.

16,397 

1,733,327 





Electronic Components - 0.9%

Amphenol Corp. - Class A

22,058 

1,469,063 





Electronic Manufacturing Services - 2.2%

Jabil, Inc.

11,552 

1,789,636 
TE Connectivity PLC

10,702 

1,648,429 




3,438,065 





Health Care Distributors - 2.1%

Cencora, Inc.

6,586 

1,669,815 
McKesson Corp.

2,612 

1,672,359 




3,342,174 







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ASTORIA US EQUAL WEIGHT QUALITY KINGS ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
February 28, 2025 (Unaudited)
COMMON STOCKS - 97.5% (CONTINUED)

Shares

Value  
Health Care Equipment - 2.1%

GE HealthCare Technologies, Inc.

19,533 

$1,706,207 
ResMed, Inc.

6,484 

1,514,144 




3,220,351 





Health Care Facilities - 0.9%

Tenet Healthcare Corp. (a)

11,255 

1,424,771 





Home Improvement Retail - 1.9%

Home Depot, Inc.

3,778 

1,498,355 
Lowe's Cos., Inc.

5,936 

1,475,927 




2,974,282 





Homebuilding - 1.6%

DR Horton, Inc.

9,549 

1,210,908 
PulteGroup, Inc.

11,924 

1,231,511 




2,442,419 





Homefurnishing Retail - 1.2%

Williams-Sonoma, Inc.

9,197 

1,789,552 





Household Products - 1.0%

Procter & Gamble Co.

9,060 

1,574,990 





Independent Power Producers & Energy Traders - 0.9%

Vistra Corp.

9,990 

1,335,263 





Industrial Machinery & Supplies & Components - 2.0%

Dover Corp.

7,891 

1,568,494 
Illinois Tool Works, Inc.

5,884 

1,553,258 




3,121,752 





Integrated Oil & Gas - 1.0%

Exxon Mobil Corp.

13,565 

1,510,191 





Integrated Telecommunication Services - 1.0%

Verizon Communications, Inc.

36,590 

1,577,029 





Interactive Media & Services - 2.2%

Alphabet, Inc. - Class A

9,617 

1,637,583 
Meta Platforms, Inc. - Class A

2,707 

1,808,817 




3,446,400 







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ASTORIA US EQUAL WEIGHT QUALITY KINGS ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
February 28, 2025 (Unaudited)
COMMON STOCKS - 97.5% (CONTINUED)

Shares

Value  
IT Consulting & Other Services - 3.2%

Accenture PLC - Class A

4,450 

$1,550,825 
Cognizant Technology Solutions Corp. - Class A

20,168 

1,680,600 
International Business Machines Corp.

7,016 

1,771,119 




5,002,544 





Life Sciences Tools & Services - 1.0%

Agilent Technologies, Inc.

12,188 

1,559,089 





Managed Health Care - 0.9%

UnitedHealth Group, Inc.

2,984 

1,417,281 





Movies & Entertainment - 2.2%

Live Nation Entertainment, Inc. (a)

11,582 

1,660,396 
Netflix, Inc. (a)

1,818 

1,782,658 




3,443,054 





Multi-Sector Holdings - 1.1%

Berkshire Hathaway, Inc. - Class B (a)

3,391 

1,742,398 





Oil & Gas Exploration & Production - 2.0%

Devon Energy Corp.

42,869 

1,552,715 
EOG Resources, Inc.

12,255 

1,555,650 




3,108,365 





Pharmaceuticals - 3.2%

Eli Lilly & Co.

1,981 

1,823,768 
Johnson & Johnson

10,459 

1,725,944 
Merck & Co., Inc.

16,145 

1,489,377 




5,039,089 





Property & Casualty Insurance - 5.2%

Allstate Corp.

7,834 

1,560,141 
Hartford Insurance Group, Inc.

13,312 

1,574,544 
Progressive Corp.

6,093 

1,718,226 
Travelers Cos., Inc.

6,182 

1,597,985 
W R Berkley Corp.

25,564 

1,612,577 




8,063,473 





Reinsurance - 0.9%

Everest Group Ltd.

4,166 

1,471,515 







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ASTORIA US EQUAL WEIGHT QUALITY KINGS ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
February 28, 2025 (Unaudited)
COMMON STOCKS - 97.5% (CONTINUED)

Shares

Value  
Restaurants - 2.3%

Domino's Pizza, Inc.

3,439 

$1,684,113 
Yum! Brands, Inc.

11,728 

1,833,907 




3,518,020 





Semiconductor Materials & Equipment - 4.2%

Applied Materials, Inc.

9,299 

1,469,893 
KLA Corp.

2,498 

1,770,682 
Lam Research Corp.

22,009 

1,688,971 
Teradyne, Inc.

14,605 

1,604,505 




6,534,051 





Semiconductors - 9.3%

Broadcom, Inc.

8,861 

1,767,149 
First Solar, Inc. (a)

8,429 

1,147,861 
Microchip Technology, Inc.

23,385 

1,376,441 
Monolithic Power Systems, Inc.

2,768 

1,691,276 
NVIDIA Corp.

11,796 

1,473,556 
NXP Semiconductors NV

6,890 

1,485,415 
ON Semiconductor Corp. (a)

22,514 

1,059,284 
QUALCOMM, Inc.

10,126 

1,591,504 
Skyworks Solutions, Inc.

18,665 

1,244,209 
Texas Instruments, Inc.

7,981 

1,564,196 




14,400,891 





Specialty Chemicals - 1.7%

Celanese Corp.

21,986 

1,119,967 
RPM International, Inc.

11,691 

1,448,398 




2,568,365 





Systems Software - 3.8%

Gen Digital, Inc.

52,718 

1,440,783 
Microsoft Corp.

3,780 

1,500,622 
Oracle Corp.

8,453 

1,403,705 
Palo Alto Networks, Inc. (a)

8,232 

1,567,620 




5,912,730 





Technology Distributors - 1.0%

CDW Corp.

9,009 

1,605,404 





Technology Hardware, Storage & Peripherals - 1.9%

Apple, Inc.

6,866 

1,660,474 
NetApp, Inc.

12,493 

1,246,926 




2,907,400 







5

ASTORIA US EQUAL WEIGHT QUALITY KINGS ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
February 28, 2025 (Unaudited)
COMMON STOCKS - 97.5% (CONTINUED)

Shares

Value  
Tobacco - 2.2%

Altria Group, Inc.

28,197 

$1,574,803 
Philip Morris International, Inc.

11,744 

1,823,608 




3,398,411 





Trading Companies & Distributors - 1.6%

United Rentals, Inc.

1,862 

1,196,000 
WW Grainger, Inc.

1,315 

1,342,891 




2,538,891 





Transaction & Payment Processing Services - 2.3%

Mastercard, Inc. - Class A

3,070 

1,769,272 
Visa, Inc. - Class A

5,077 

1,841,478 




3,610,750 





Wireless Telecommunication Services - 1.2%

T-Mobile US, Inc.

6,639 

1,790,472 
TOTAL COMMON STOCKS (Cost $147,609,437)

151,579,164 





REAL ESTATE INVESTMENT TRUSTS - 2.1%


Other Specialized REITs - 1.0%

VICI Properties, Inc.

49,816 

1,618,522 





Retail REITs - 1.1%

Simon Property Group, Inc.

8,949 

1,665,319 
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $2,812,673)

3,283,841 





SHORT-TERM INVESTMENTS - 0.4%


Money Market Funds - 0.4%


 
First American Government Obligations Fund - Class X, 4.29% (b)

691,181 

691,181 
TOTAL SHORT-TERM INVESTMENTS (Cost $691,181)

691,181 





TOTAL INVESTMENTS - 100.0% (Cost $151,113,291)

$155,554,186 
Other Assets in Excess of Liabilities - 0.0% (c)

54,686 
TOTAL NET ASSETS - 100.0%

 

$155,608,872 

Percentages are stated as a percent of net assets.

PLC - Public Limited Company
REIT - Real Estate Investment Trust


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ASTORIA US EQUAL WEIGHT QUALITY KINGS ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
February 28, 2025 (Unaudited)
(a)

Non-income producing security.
(b)

The rate shown represents the 7-day annualized effective yield as of February 28, 2025.
(c)

Represents less than 0.05% of net assets.

The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor’s Financial Services LLC (“S&P”). GICS is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.


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ASTORIA US EQUAL WEIGHT QUALITY KINGS ETF

Summary of Fair Value Disclosures as of February 28, 2025 (Unaudited)

Astoria US Equal Weight Quality Kings ETF (the “Fund”) has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
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 following is a summary of the fair valuation hierarchy of the Fund’s securities as of February 28, 2025:
DESCRIPTIONLEVEL 1LEVEL 2LEVEL 3TOTAL
Assets
Common Stocks
$151,579,164 

$— $— 

$151,579,164 
Real Estate Investment Trusts
3,283,8413,283,841
Money Market Funds
691,181

— — 

691,181
Total Investments$155,554,186 

$— $— 

$155,554,186 
 
Refer to the Schedule of Investments for further disaggregation of investment categories.

During the fiscal period ended February 28, 2025, the Fund did not invest in any Level 3 investments and recognized no transfers to/from Level 3. Transfers between levels are recognized at the end of the reporting period.


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