NPORT-EX 2 mf-100index.htm NPORT-EX

Motley Fool 100 Index ETF
  
Schedule of Investments
  
November 30, 2024 (Unaudited)
  
   
COMMON STOCKS - 99.8%
  
Shares
    
Value
 
Altaba, Inc. - Escrow Shares (a)(b)
    
8,565
    
$
13,276
  
                 
Aerospace & Defense - 0.3%
          
TransDigm Group, Inc.
    
2,538
      
3,180,038
  
                 
Air Freight & Logistics - 0.3%
          
FedEx Corp.
    
10,496
      
3,176,824
  
                 
Automobiles - 4.1%
          
Tesla, Inc. (b)(c)
    
138,577
      
47,831,237
  
                 
Banks - 2.9%
          
JPMorgan Chase & Co.
    
124,674
      
31,133,591
  
Truist Financial Corp.
    
57,622
      
2,747,417
  
             
33,881,008
  
                 
Beverages - 0.2%
          
Monster Beverage Corp. (b)
    
42,183
      
2,325,549
  
                 
Biotechnology - 1.5%
          
Amgen, Inc.
    
23,106
      
6,535,994
  
Biogen, Inc. (b)
    
3,903
      
626,939
  
Gilead Sciences, Inc.
    
53,579
      
4,960,344
  
Moderna, Inc. (b)(c)
    
1,234
      
53,136
  
Vertex Pharmaceuticals, Inc. (b)
    
11,102
      
5,197,179
  
             
17,373,592
  
                 
Broadline Retail - 6.2%
          
Amazon.com, Inc. (b)
    
335,125
      
69,669,136
  
Coupang, Inc. (b)
    
77,239
      
1,958,781
  
eBay, Inc. (c)
    
21,007
      
1,329,533
  
             
72,957,450
  
                 
Capital Markets - 1.7%
          
Charles Schwab Corp.
    
78,716
      
6,514,536
  
CME Group, Inc.
    
15,463
      
3,680,194
  
Intercontinental Exchange, Inc.
    
24,689
      
3,973,942
  
Moody's Corp.
    
7,838
      
3,918,843
  
Nasdaq, Inc.
    
24,761
      
2,054,915
  
             
20,142,430
  
                 
Chemicals - 0.6%
          
Ecolab, Inc.
    
12,217
      
3,039,223
  
Sherwin-Williams Co.
    
10,815
      
4,297,881
  
             
7,337,104
  
                 
Commercial Services & Supplies - 0.9%
          
Cintas Corp.
    
17,419
      
3,933,036
  
Copart, Inc. (b)
    
41,436
      
2,626,628
  
Waste Management, Inc.
    
17,274
      
3,942,272
  
             
10,501,936
  
                 
Communications Equipment - 0.5%
          
Arista Networks, Inc. (b)
    
13,511
      
5,483,034
  
                 
Consumer Staples Distribution & Retail - 4.4%
          
Costco Wholesale Corp.
    
19,435
      
18,888,488
  
Walmart, Inc.
    
349,779
      
32,354,557
  
             
51,243,045
  
                 
Electronic Equipment, Instruments & Components - 0.2%
          
Corning, Inc.
    
36,836
      
1,792,808
  
                 
Entertainment - 2.4%
          
Electronic Arts, Inc.
    
11,347
      
1,857,164
  
Netflix, Inc. (b)
    
18,875
      
16,738,539
  
ROBLOX Corp. - Class A (b)
    
21,941
      
1,099,902
  
Walt Disney Co.
    
72,430
      
8,508,352
  
             
28,203,957
  
                 
Financial Services - 8.4%
          
Berkshire Hathaway, Inc. - Class B (b)
    
93,709
      
45,263,321
  
Block, Inc. (b)
    
24,860
      
2,201,353
  
Mastercard, Inc. - Class A
    
39,821
      
21,222,204
  
PayPal Holdings, Inc. (b)
    
43,733
      
3,794,712
  
Visa, Inc. - Class A
    
83,063
      
26,171,490
  
             
98,653,080
  
                 
Ground Transportation - 1.3%
          
Old Dominion Freight Line, Inc.
    
9,185
      
2,067,911
  
Uber Technologies, Inc. (b)
    
90,408
      
6,505,760
  
Union Pacific Corp.
    
26,203
      
6,410,826
  
             
14,984,497
  
                 
Health Care Equipment & Supplies - 1.3%
          
Becton Dickinson & Co.
    
12,398
      
2,751,116
  
DexCom, Inc. (b)
    
7,500
      
584,925
  
IDEXX Laboratories, Inc. (b)
    
3,516
      
1,482,873
  
Intuitive Surgical, Inc. (b)
    
15,933
      
8,635,686
  
ResMed, Inc. (c)
    
6,320
      
1,573,807
  
             
15,028,407
  
                 
Health Care Providers & Services - 3.0%
          
CVS Health Corp.
    
54,151
      
3,240,937
  
HCA Healthcare, Inc.
    
11,101
      
3,632,469
  
McKesson Corp.
    
5,576
      
3,504,516
  
UnitedHealth Group, Inc.
    
40,289
      
24,584,348
  
             
34,962,270
  
                 
Health Care Technology - 0.1%
          
Veeva Systems, Inc. - Class A (b)
    
6,924
      
1,577,634
  
                 
Hotels, Restaurants & Leisure - 2.1%
          
Airbnb, Inc. - Class A (b)
    
15,928
      
2,167,960
  
Booking Holdings, Inc.
    
1,399
      
7,277,570
  
Chipotle Mexican Grill, Inc. (b)
    
58,939
      
3,625,927
  
DoorDash, Inc. - Class A (b)
    
17,684
      
3,191,608
  
Marriott International, Inc. - Class A
    
12,095
      
3,496,544
  
Starbucks Corp. (c)
    
48,773
      
4,997,282
  
             
24,756,891
  
                 
Industrial Conglomerates - 0.3%
          
3M Co.
    
23,640
      
3,156,649
  
                 
Insurance - 0.8%
          
Aflac, Inc.
    
24,071
      
2,744,094
  
Progressive Corp.
    
25,166
      
6,766,634
  
             
9,510,728
  
                 
Interactive Media & Services - 9.7%
          
Alphabet, Inc. - Class C
    
391,454
      
66,738,992
  
Meta Platforms, Inc. - Class A
    
81,387
      
46,742,182
  
             
113,481,174
  
                 
IT Services - 0.6%
          
Cognizant Technology Solutions Corp. - Class A (c)
    
21,325
      
1,716,449
  
Gartner, Inc. (b)
    
3,304
      
1,711,241
  
MongoDB, Inc. (b)(c)
    
3,176
      
1,024,228
  
Snowflake, Inc. - Class A (b)
    
12,525
      
2,189,370
  
             
6,641,288
  
                 
Life Sciences Tools & Services - 0.1%
          
Illumina, Inc. (b)
    
5,058
      
729,111
  
                 
Machinery - 0.2%
          
Cummins, Inc.
    
5,872
      
2,202,235
  
                 
Media - 0.2%
          
Trade Desk, Inc. - Class A (b)
    
21,160
      
2,720,118
  
                 
Oil, Gas & Consumable Fuels - 0.2%
          
Kinder Morgan, Inc.
    
95,548
      
2,701,142
  
                 
Pharmaceuticals - 3.1%
          
Bristol-Myers Squibb Co.
    
87,245
      
5,166,649
  
Eli Lilly & Co.
    
39,160
      
31,145,906
  
             
36,312,555
  
                 
Real Estate Management & Development - 0.1%
          
CoStar Group, Inc. (b)(c)
    
17,615
      
1,432,804
  
                 
Semiconductors & Semiconductor Equipment - 13.2%
          
Advanced Micro Devices, Inc. (b)
    
72,106
      
9,891,141
  
Broadcom, Inc.
    
203,046
      
32,909,695
  
Lam Research Corp.
    
48,804
      
3,605,639
  
NVIDIA Corp.
    
783,307
      
108,292,193
  
             
154,698,668
  
                 
Software - 14.8%
          
Adobe Systems, Inc. (b)
    
19,753
      
10,191,165
  
Autodesk, Inc. (b)
    
9,216
      
2,690,150
  
Crowdstrike Holdings, Inc. - Class A (b)
    
10,526
      
3,641,680
  
Datadog, Inc. - Class A (b)
    
14,486
      
2,212,736
  
Fair Isaac Corp. (b)
    
1,037
      
2,462,906
  
Fortinet, Inc. (b)
    
32,926
      
3,129,616
  
Intuit, Inc.
    
12,557
      
8,058,204
  
Microsoft Corp.
    
237,347
      
100,506,961
  
Palo Alto Networks, Inc. (b)
    
13,971
      
5,418,233
  
Roper Technologies, Inc.
    
4,568
      
2,587,498
  
Salesforce, Inc.
    
42,148
      
13,908,419
  
ServiceNow, Inc. (b)
    
9,181
      
9,634,909
  
Synopsys, Inc. (b)
    
6,589
      
3,679,891
  
Workday, Inc. - Class A (b)
    
11,335
      
2,833,637
  
Zoom Communications, Inc. - Class A (b)
    
13,203
      
1,091,756
  
Zscaler, Inc. (b)
    
6,543
      
1,351,718
  
             
173,399,479
  
                 
Specialized REITs - 1.1%
          
American Tower Corp.
    
20,075
      
4,195,675
  
Crown Castle, Inc.
    
18,663
      
1,982,944
  
Digital Realty Trust, Inc.
    
14,093
      
2,757,859
  
Equinix, Inc.
    
4,076
      
4,000,513
  
             
12,936,991
  
                 
Specialty Retail - 1.6%
          
Home Depot, Inc.
    
43,571
      
18,697,623
  
                 
Technology Hardware, Storage & Peripherals - 9.9%
          
Apple, Inc.
    
485,508
      
115,225,614
  
                 
Textiles, Apparel & Luxury Goods - 0.4%
          
NIKE, Inc. - Class B
    
58,637
      
4,618,837
  
                 
Wireless Telecommunication Services - 1.1%
          
T-Mobile US, Inc.
    
51,718
      
12,771,243
  
TOTAL COMMON STOCKS (Cost $740,512,017)
      
1,166,642,326
  
                 
SHORT-TERM INVESTMENTS - 2.4%
          
Value
 
Investments Purchased with Proceeds from Securities Lending - 2.4%
  
Units
          
Mount Vernon Liquid Assets Portfolio, LLC, 4.93% (d)
    
28,325,218
      
28,325,218
  
TOTAL SHORT-TERM INVESTMENTS (Cost $28,325,218)
      
28,325,218
  
                 
TOTAL INVESTMENTS - 102.2% (Cost $768,837,235)
      
1,194,967,544
  
Liabilities in Excess of Other Assets - (2.2)%
      
(25,997,054
)
TOTAL NET ASSETS - 100.0%
          
$
1,168,970,490
  
two
      
–
%
Percentages are stated as a percent of net assets.
      
–
%
   
The Global Industry Classification Standard ("GICS®") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
  

REIT - Real Estate Investment Trust

(a)
Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $13,276 or 0.0% of net assets as of November 30, 2024.
(b)
Non-income producing security.
(c)
All or a portion of this security is on loan as of November 30, 2024. The total market value of these securities was $28,340,212 which represented 2.4% of net assets.
(d)
The rate shown represents the 7-day annualized effective yield as of November 30, 2024.


Summary of Fair Value Disclosure as of November 30, 2024 (Unaudited)
 
Motley Fool 100 Index ETF 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 November 30, 2024:
 
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Common Stocks
  
$
1,166,629,050
    
$
–
    
$
13,276
    
$
1,166,642,326
  
  Investments Purchased with Proceeds from Securities Lending(a)
    
–
      
–
      
–
      
28,325,218
  
Total Investments
  
$
1,166,629,050
    
$
–
    
$
13,276
    
$
1,194,967,544
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.
  
   
Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year’s annual report.
  

(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 $28,325,218 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.