DRIVEWEALTH POWER SAVER ETF
SCHEDULE OF INVESTMENTS
NOVEMBER 30, 2021 (UNAUDITED)
	NUMBER OF
Common Stocks — 11.0%	SHARES		VALUE
Office Administrative Services — 4.0%
Owl Rock Capital Corp. (United States)		681	$	9,493
Other Investment Pools and Funds — 7.0%	`
Ares Capital Corp. (United States)		470		9,522
FS KKR Capital Corp. (United States)		339		7,092
				16,614
Total Common Stocks (Cost $27,138)				26,107
Closed-End Mutual Funds — 86.7%
Brookfield Real Assets Income Fund, Inc. (United States)		1,704		36,704
Eaton Vance Ltd Duration Income Fund (United States)		2,064		26,976
PIMCO  Dynamic Income Fund (United States)		1,398		35,300
PIMCO High Income Fund (United States)		5,841		35,046
PIMCO Income Strategy Fund II (United States)		3,713		35,645
Pioneer High Income Fund, Inc. (United States)		3,709		36,422
Total Closed-End Mutual Funds (Cost $216,492)				206,093
Short-Term Investments — 2.0%
First American Government Obligations Fund, Class X, 0.03% (United States)(a)		4,718		4,718
Total Short-Term Investments  (Cost $4,718)				4,718
Total Investments (Cost $248,348) — 99.7%				236,918
Other Assets in Excess of Liabilities — 0.3%				781
NET ASSETS — 100.0%			$	237,699
(Applicable to 10,000 shares outstanding)

(a)	Seven-day yield as of November 30, 2021.
Portfolio holdings are subject to change at any time.
	The accompanying notes are an integral part of the portfolio of investments.

DRIVEWEALTH POWER SAVER ETF

NOTES TO THE SCHEDULE OF INVESTMENTS

NOVEMBER 30, 2021

(UNAUDITED)

PORTFOLIO VALUATION — Each Fund’s net asset value (“NAV”) is calculated once daily at the close of regular trading hours on the New York Stock Exchange (“NYSE”) (generally 4:00 p.m. Eastern time) on each day the NYSE is open. Securities held by the Funds are valued using the closing price or the last sale price on a national securities exchange or the National Association of Securities Dealers Automatic Quotation System (“NASDAQ”) market system where they are primarily traded. Equity securities traded in the overthecounter (“OTC”) market are valued at their closing prices. If there were no transactions on that day, securities traded principally on an exchange or on NASDAQ will be valued at the mean of the last bid and ask prices prior to the market close. Fixed income securities are valued using an independent pricing service, which considers such factors as security prices, yields, maturities and ratings, and are deemed representative of market values at the close of the market. Foreign securities are valued based on prices from the primary market in which they are traded, and are translated from the local currency into U.S. dollars using current exchange rates. If market quotations are unavailable or deemed unreliable, securities will be valued in accordance with procedures adopted by the Company’s Board of Directors (the “Board”). Relying on prices supplied by pricing services or dealers or using fair valuation may result in values that are higher or lower than the values used by other investment companies and investors to price the same investments. Such procedures use fundamental valuation methods, which may include, but are not limited to, an analysis of the effect of any restrictions on the resale of the security, industry analysis and trends,  significant changes in the issuer’s financial position, and any other event which could have a significant impact on the value of the security. Determination of fair value involves subjective judgment as the actual market value of a particular security can be established only by negotiations between the parties in a sales transaction, and the difference between the recorded fair value and the value that would be received in a sale could be significant.

FAIR VALUE  MEASUREMENTS – The inputs and valuation techniques used to measure the fair value of the Fund's investments are summarized into three levels as described in the hierarchy below:

•  Level 1 — Prices are determined using quoted prices in active markets for identical securities.

•  Level 2 — Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

• Level 3 — Prices are determined using significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used, as of November 30, 2021, in valuing the Fund's investments carried at fair value:

	TOTAL		LEVEL 1		LEVEL 2		LEVEL 3
DRIVEWEALTH POWER SAVER ETF
Common Stock	$	26,107	$	26,107	$	-	$	-
Closed-End Mutual Funds		206,093		206,093		-		-
Short-Term Investments		4,718		4,718		-		-
Total Investments*	$	236,918	$	236,918	$	-	$	-

* Please refer to Schedule of Investments for further details.

At the end of each quarter, management evaluates the classification of Levels 1, 2 and 3 assets and liabilities. Various factors are considered, such as changes in liquidity from the prior reporting period; whether or not a broker is willing to execute at the quoted price; the depth and consistency of prices from third party pricing services; and the existence of contemporaneous, observable trades in the market. Additionally, management evaluates the classification of Levels 1, 2 and 3 assets and liabilities on a quarterly basis for changes in listings or delistings on national exchanges.

Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Fund's investments may fluctuate from period to period. Additionally, the fair value of investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values the Fund may ultimately realize. Further, such investments may be subject to legal and other restrictions on resale or otherwise less liquid than publicly traded securities.

For fair valuations using significant unobservable inputs, U.S. generally accepted accounting principles (“U.S. GAAP”) requires the Fund to present a reconciliation of the beginning to ending balances for reported market values that presents changes attributable to total realized and unrealized gains or losses, purchase and sales, and transfers in and out of Level 3 during the period. Transfers in and out between levels are based on values at the end of the period.  A reconciliation of Level 3 investments is presented only if the Fund had an amount of Level 3 investments at the end of the reporting period that was meaningful in relation to its net assets. The amounts and reasons for Level 3 transfers in and out of each level is disclosed when the Fund had an amount of total Level 3 transfers during the reporting period that was meaningful in relation to its net assets as of the end of the reporting period.

For the period ended November 30, 2021, the Fund had no significant Level 3 transfers.

For more information with regard to significant accounting policies, see the most recent semi-annual or annual report filed with the Securities and Exchange Commission.