Hilton Small-MidCap Opportunity ETF

Schedule of Investments

as of January 31, 2024 (Unaudited)

COMMON STOCKS - 94.3%	Shares		Value
Apparel - 2.2%
Ralph Lauren Corp. – Class A		8,019	$	1,152,090
Banks - 4.7%
Commerce Bancshares, Inc.		15,643		815,313
Community Bank System, Inc.		16,750		766,648
Cullen/Frost Bankers, Inc.		8,514		903,505
				2,485,466
Beverages - 1.0%
Primo Water Corp.		38,214		557,160
Chemicals - 2.7%
Ashland, Inc.		7,623		713,666
Valvoline, Inc.(a)		19,305		704,439
				1,418,105
Commercial Services - 3.5%
Booz Allen Hamilton Holding Corp.		7,043		991,444
ICF International, Inc.		6,336		880,957
				1,872,401
Computers - 9.0%
Amdocs Ltd.		8,830		809,534
CyberArk Software Ltd.(a)		5,073		1,184,445
Kyndryl Holdings, Inc.(a)		53,373		1,095,214
Maximus, Inc.		10,296		835,212
Tenable Holdings, Inc.(a)		17,523		825,333
				4,749,738
Cosmetics & Personal Care - 2.8%
Coty, Inc. - Class A(a)		64,173		775,210
e.l.f. Beauty, Inc.(a)		4,564		728,095
				1,503,305
Diversified Financial Services - 3.8%
Ares Management Corp. - Class A		6,633		805,777
Houlihan Lokey, Inc. – Class A		9,999		1,197,680
				2,003,457
Electric - 3.4%
Clearway Energy, Inc. - Class C		26,136		633,537
CMS Energy Corp.		9,801		560,225
IDACORP, Inc.		6,930		641,579
				1,835,341
Electronics - 3.3%
nVent Electric PLC		17,325		1,040,193
TD SYNNEX Corp.		7,029		702,759
				1,742,952
Engineering & Construction - 7.4%
Dycom Industries, Inc.(a)		9,900		1,105,829
EMCOR Group, Inc.		4,455		1,016,230
Jacobs Solutions, Inc.		7,246		976,543
Primoris Services Corp.		27,720		909,216
				4,007,818

Entertainment - 2.1%
Live Nation Entertainment, Inc.(a)	12,772	1,134,792
Environmental Control - 2.8%
Clean Harbors, Inc.(a)	8,720	1,464,611
Food - 2.4%
Simply Good Foods Co.(a)	19,803	748,554
Sprouts Farmers Market, Inc.(a)	10,990	553,566
		1,302,120
Healthcare-Products - 5.8%
Bio-Techne Corp.	11,385	800,593
STERIS PLC	3,465	758,662
Teleflex, Inc.	2,376	576,964
West Pharmaceutical Services, Inc.	2,574	960,180
		3,096,399
Healthcare-Services - 1.3%
Charles River Laboratories International, Inc.(a)	3,267	706,587
Insurance - 1.8%
RenaissanceRe Holdings Ltd.	4,257	974,129
Internet - 1.1%
Magnite, Inc.(a)	64,548	571,250
Iron & Steel - 2.7%
Commercial Metals Co.	11,286	589,355
Reliance Steel & Aluminum Co.	2,970	847,697
		1,437,052
Machinery-Construction & Mining - 1.5%
BWX Technologies, Inc.	9,603	782,452
Miscellaneous Manufacturers - 2.1%
Teledyne Technologies, Inc.(a)	2,686	1,124,010
Oil & Gas - 4.5%
Coterra Energy, Inc.	27,027	672,432
EQT Corp.	21,483	760,499
Helmerich & Payne, Inc.	12,771	514,160
Magnolia Oil & Gas Corp. - Class A	21,186	436,855
		2,383,946
Packaging & Containers - 1.1%
AptarGroup, Inc.	4,554	591,474
Pharmaceuticals - 0.1%
Prestige Consumer Healthcare, Inc.(a)	507	31,201
Retail - 6.9%
BJ's Wholesale Club Holdings, Inc.(a)	11,682	751,620
Burlington Stores, Inc.(a)	5,365	1,025,519
Chuy's Holdings, Inc.(a)	13,876	469,148
RH(a)	2,583	654,739
Ulta Beauty, Inc.(a)	1,584	795,247
		3,696,273

Semiconductors - 5.9%
Entegris, Inc.	9,207		1,083,664
MACOM Technology Solutions Holdings, Inc.(a)	9,531		821,858
MKS Instruments, Inc.	8,930		950,599
Wolfspeed, Inc.(a)	8,811		286,798
			3,142,919
Software - 1.6%
Broadridge Financial Solutions, Inc.	4,059		828,848
Telecommunications - 3.4%
Ciena Corp.(a)	18,612		986,436
DigitalBridge Group, Inc. – Class A	40,590		797,188
			1,783,624
Transportation - 3.4%
Landstar System, Inc.	3,960		759,211
Saia, Inc.(a)	2,376		1,070,578
			1,829,789
TOTAL COMMON STOCKS (Cost $49,285,480)			50,209,309
REAL ESTATE INVESTMENT TRUSTS - 3.7%
Alexandria Real Estate Equities, Inc.	4,575		553,118
Americold Realty Trust, Inc.	29,799		819,472
Rexford Industrial Realty, Inc.	11,410		600,052
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $2,054,005)			1,972,642
SHORT-TERM INVESTMENTS - 2.0%
Money Market Funds - 2.0%
First American Government Obligations Fund - Class X, 5.25%(b)	1,081,533		1,081,533
TOTAL SHORT-TERM INVESTMENTS (Cost $1,081,533)			1,081,533
TOTAL INVESTMENTS - 100.0% (Cost $52,421,018)		$	53,263,484
Liabilities in Excess of Other Assets - 0.0%(c)			(5,015	)
TOTAL NET ASSETS - 100.0%		$	53,258,469
Percentages are stated as a percent of net assets.

PLC - Public Limited Company

(a)	Non-income producing security.
(b)	The rate shown represents the 7-day effective yield as of January 31, 2024.
(c)	Represents less than 0.05% of net assets.

Summary of Fair Value Exposure at January 31, 2024 (Unaudited)

The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. 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 spreads, 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 inputs used to value the Fund's investments as of January 31, 2024:

Hilton Small-MidCap Opportunity ETF

	Level 1		Level 2		Level 3		Total
Investments:
Common Stocks	$	50,209,309	$	—	$	—	$	50,209,309
Real Estate Investment Trusts		1,972,642		—		—		1,972,642
Money Market Funds		1,081,533		—		—		1,081,533
Total Investments	$	53,263,484	$	—	$	—	$	53,263,484

Refer to the Schedule of Investments for industry classifications.