NPORT-EX 2 small-cap.htm

Abacus FCF Small Cap Leaders ETF
  
Schedule of Investments
  
April 30, 2026 (Unaudited)
  
   
COMMON STOCKS - 97.5%
  
Shares
   
Value
 
Communications - 0.7%
        
MediaAlpha, Inc. - Class A (a)
    
982
    
$
8,357
  
                 
Consumer Discretionary - 8.7%
          
G-III Apparel Group Ltd.
    
396
      
12,351
  
Kontoor Brands, Inc.
    
425
      
31,178
  
LCI Industries
    
319
      
38,031
  
Liquidity Services, Inc. (a)
    
85
      
3,030
  
PROG Holdings, Inc.
    
415
      
14,870
  
Winmark Corp.
    
20
      
7,610
  
             
107,070
  
                 
Consumer Staples - 1.3%
          
Seneca Foods Corp. - Class A (a)
    
117
      
16,364
  
                 
Energy - 2.4%
          
Forum Energy Technologies, Inc. (a)
    
46
      
2,892
  
Nextpower, Inc. - Class A (a)
    
224
      
26,685
  
             
29,577
  
                 
Financials - 18.5%
          
AMERISAFE, Inc.
    
250
      
7,575
  
Artisan Partners Asset Management, Inc. - Class A
    
1,443
      
54,026
  
Cohen & Steers, Inc.
    
364
      
25,585
  
Enova International, Inc. (a)
    
329
      
55,736
  
Palomar Holdings, Inc. (a)
    
21
      
2,528
  
PJT Partners, Inc. - Class A (b)
    
244
      
37,269
  
Remitly Global, Inc. (a)
    
805
      
17,621
  
Sezzle, Inc. (a)
    
37
      
2,945
  
World Acceptance Corp. (a)(b)
    
160
      
23,546
  
             
226,831
  
                 
Health Care - 22.9%
          
Arrowhead Pharmaceuticals, Inc. (a)(b)
    
44
      
3,233
  
BioCryst Pharmaceuticals, Inc. (a)
    
1,682
      
15,407
  
Catalyst Pharmaceuticals, Inc. (a)
    
1,104
      
31,056
  
Collegium Pharmaceutical, Inc. (a)
    
1,598
      
53,901
  
Embecta Corp.
    
1,970
      
18,025
  
Harmony Biosciences Holdings, Inc. (a)(b)
    
1,292
      
40,388
  
Oscar Health, Inc. - Class A (a)
    
2,476
      
45,707
  
Pediatrix Medical Group, Inc. (a)
    
1,297
      
29,195
  
Privia Health Group, Inc. (a)
    
132
      
3,280
  
Progyny, Inc. (a)
    
1,301
      
24,173
  
SIGA Technologies, Inc.
    
3,022
      
13,901
  
Tactile Systems Technology, Inc. (a)
    
87
      
2,003
  
             
280,269
  
                 
Industrials - 25.5% (c)
          
Argan, Inc.
    
317
      
212,384
  
Exponent, Inc.
    
339
      
22,676
  
Healthcare Services Group, Inc. (a)
    
2,055
      
43,997
  
Napco Security Technologies, Inc.
    
56
      
2,618
  
Teekay Corp. Ltd.
    
2,357
      
31,489
  
             
313,164
  
                 
Materials - 1.7%
          
WD-40 Co.
    
99
      
20,786
  
                 
Technology - 15.8%
          
Agilysys, Inc. (a)
    
230
      
14,734
  
Appian Corp. - Class A (a)
    
632
      
13,139
  
Arlo Technologies, Inc. (a)
    
2,320
      
32,596
  
Box, Inc. - Class A (a)
    
581
      
14,060
  
GigaCloud Technology, Inc. - Class A (a)(b)
    
298
      
13,258
  
Harmonic, Inc. (a)(b)
    
922
      
10,538
  
LiveRamp Holdings, Inc. (a)
    
873
      
25,518
  
Nutex Health, Inc. (a)(b)
    
23
      
2,742
  
Progress Software Corp. (a)
    
633
      
17,629
  
Qualys, Inc. (a)
    
219
      
19,038
  
Semtech Corp. (a)(b)
    
147
      
15,442
  
Sonos, Inc. (a)(b)
    
167
      
2,477
  
Workiva, Inc. (a)
    
247
      
13,209
  
             
194,380
  
TOTAL COMMON STOCKS (Cost $1,080,511)
      
1,196,798
  
                 
SHORT-TERM INVESTMENTS
  
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 10.5%
  
Units
   
Value
 
Mount Vernon Liquid Assets Portfolio, LLC, 3.77% (d)
    
128,627
      
128,627
  
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $128,627)
      
128,627
  
                 
TOTAL INVESTMENTS - 108.0% (Cost $1,209,138)
      
1,325,425
  
Money Market Deposit Account - 2.5% (e)
      
30,433
  
Liabilities in Excess of Other Assets - (10.5)%
      
(128,906
)
TOTAL NET ASSETS - 100.0%
          
$
1,226,952
  
                 
Percentages are stated as a percent of net assets.
          

LLC - Limited Liability Company
 
For Fund compliance purposes, the Fund’s sector classifications refer to any one or more of the sector sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or they may be defined by Fund management. This definition may not apply for purposes of this report, which may combine sub-classifications for reporting ease.

(a)
Non-income producing security.
(b)
All or a portion of this security is on loan as of April 30, 2026. The fair value of these securities was $127,399.
(c)
To the extent that the Fund invests more heavily in a particular sector of the economy, its performance will be especially sensitive to developments that significantly affect those sectors.
(d)
The rate shown represents the 7-day annualized yield as of April 30, 2026.
(e)
The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and is subject to change daily. The rate as of April 30, 2026 was 3.45%.
Summary of Fair Value Disclosure as of April 30, 2026 (Unaudited)
 
Abacus FCF Small Cap Leaders ETF (the "Fund") has adopted fair value accounting standards which establish a 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 valuation 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 based on the best information available.
 
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of April 30, 2026:


   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Common Stocks
  
$
1,196,798
    
$
–
    
$
–
    
$
1,196,798
  
  Investments Purchased with Proceeds from Securities Lending(a)
    
–
      
–
      
–
      
128,627
  
Total Investments
  
$
1,196,798
    
$
–
    
$
–
    
$
1,325,425
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.
  

(a)
Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount of $128,627 presented in the table is intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.