NPORT-EX 2 274054EMC043023.htm
Emerge
EMPWR
Sustainable
Emerging
Markets
Equity
ETF
Schedule
of
Investments
April
30,
2023
(Unaudited)
1
Shares
Value
Common
Stocks
–
95.6%
Argentina
–
2.1%
Banco
BBVA
Argentina
SA,
ADR
.................................................
859
$
3,677‌
Grupo
Financiero
Galicia
SA,
ADR*
...............................................
357
4,113‌
Transportadora
de
Gas
del
Sur
SA,
Class
B,
ADR*
...................................
259
2,947‌
10,737‌
Brazil
–
11.7%
Cia
de
Saneamento
Basico
do
Estado
de
Sao
Paulo,
ADR*
............................
2,385
22,061‌
Gerdau
SA,
ADR
..............................................................
970
4,840‌
Itau
Unibanco
Holding
SA,
ADR
..................................................
1,938
9,981‌
Petroleo
Brasileiro
SA,
ADR
.....................................................
2,130
22,621‌
59,503‌
Chile
–
0.4%
Sociedad
Quimica
y
Minera
de
Chile
SA,
ADR
......................................
28
1,889‌
China
–
20.8%
Alibaba
Group
Holding
Ltd.*
.....................................................
1,300
13,588‌
Anhui
Conch
Cement
Co.
Ltd.,
Class
H
............................................
1,500
4,720‌
Baidu,
Inc.,
Class
A*
...........................................................
450
6,633‌
Bosideng
International
Holdings
Ltd.
..............................................
10,000
4,917‌
China
Overseas
Land
&
Investment
Ltd.
...........................................
3,500
8,846‌
Ganfeng
Lithium
Group
Co.
Ltd.,
Class
H,
144A
.....................................
800
5,243‌
JD.com,
Inc.,
Class
A
..........................................................
800
13,850‌
Li
Ning
Co.
Ltd.
...............................................................
500
3,557‌
Ping
An
Insurance
Group
Co.
of
China
Ltd.,
Class
H
..................................
505
3,648‌
Postal
Savings
Bank
of
China
Co.
Ltd.,
Class
H,
144A
................................
24,000
15,592‌
Tencent
Holdings
Ltd.
..........................................................
400
17,549‌
Trip.com
Group
Ltd.*
...........................................................
100
3,501‌
Yadea
Group
Holdings
Ltd.,
144A
.................................................
2,000
4,668‌
106,312‌
Hong
Kong
–
1.6%
Hong
Kong
Exchanges
&
Clearing
Ltd.
............................................
200
8,255‌
India
–
9.3%
HDFC
Bank
Ltd.,
ADR
..........................................................
319
22,266‌
Infosys
Ltd.,
ADR
.............................................................
1,094
17,001‌
Wipro
Ltd.,
ADR
..............................................................
1,093
5,137‌
WNS
Holdings
Ltd.,
ADR*
.......................................................
34
3,066‌
47,470‌
Indonesia
–
0.6%
Bank
Central
Asia
Tbk
PT
.......................................................
4,701
2,900‌
Mexico
–
13.7%
Grupo
Aeroportuario
del
Centro
Norte
SAB
de
CV
...................................
856
9,359‌
Grupo
Financiero
Banorte
SAB
de
CV,
Class
O
......................................
1,978
17,086‌
Southern
Copper
Corp.
.........................................................
258
19,822‌
Wal-Mart
de
Mexico
SAB
de
CV
..................................................
5,914
23,759‌
70,026‌
Portugal
–
1.7%
Jeronimo
Martins
SGPS
SA
.....................................................
343
8,672‌
South
Africa
–
9.0%
Gold
Fields
Ltd.,
ADR
..........................................................
2,938
45,715‌
South
Korea
–
4.1%
Samsung
Electronics
Co.
Ltd.,
GDR
...............................................
17
20,978‌
Emerge
EMPWR
Sustainable
Emerging
Markets
Equity
ETF
Schedule
of
Investments
(Continued)
April
30,
2023
(Unaudited)
2
Shares
Value
Common
Stocks
(continued)
Taiwan
–
10.2%
Silicon
Motion
Technology
Corp.,
ADR
.............................................
184
$
11,710‌
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.,
ADR
..................................
287
24,194‌
United
Microelectronics
Corp.,
ADR*
..............................................
1,994
16,012‌
51,916‌
Thailand
–
1.4%
Fabrinet*
....................................................................
74
7,026‌
Turkey
–
2.0%
Bim
Birlesik
Magazalar
AS
......................................................
518
4,160‌
Ford
Otomotiv
Sanayi
AS
.......................................................
122
3,371‌
Turk
Traktor
VE
Ziraat
Makineleri
AS
..............................................
96
2,755‌
10,286‌
United
States
–
7.0%
Globant
SA*
..................................................................
87
13,648‌
Tenaris
SA,
ADR
..............................................................
765
21,963‌
35,611‌
Total
Common
Stocks
(Cost
$462,249)
..........................................................
487,296‌
Total
Investments
–
95.6%
(Cost
$462,249)
.............................................................................
$
487,296‌
Other
Assets
in
Excess
of
Liabilities
–
4.4%
.........................................................
22,260‌
Net
Assets
–
100.0%
..........................................................................
$
509,556‌
*
Non
Income
Producing
ADR
:
American
Depositary
Receipt
GDR
:
Global
Depositary
Receipt
144A
:
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
Summary
of
Investment
Type
Sector
%
of
Net
Assets
Information
Technology
............................................................................
22.7‌%
Financials
......................................................................................
17.2‌%
Materials
.......................................................................................
16.1‌%
Energy
.........................................................................................
9.3‌%
Consumer
Discretionary
...........................................................................
9.3‌%
Consumer
Staples
................................................................................
7.2‌%
Communication
Services
..........................................................................
4.8‌%
Utilities
.........................................................................................
4.3‌%
Industrials
......................................................................................
3.0‌%
Real
Estate
.....................................................................................
1.7‌%
Total
Investments
................................................................................
95.6‌%
Other
Assets
in
Excess
of
Liabilities
..................................................................
4.4‌%
Net
Assets
.....................................................................................
100.0‌%