NPORT-EX 2 mf-capital.htm NPORT-EX

Motley Fool Capital Efficiency 100 Index ETF
  
Schedule of Investments
  
November 30, 2024 (Unaudited)
  
   
COMMON STOCKS - 99.9%
  
Shares
    
Value
 
Air Freight & Logistics - 0.1%
        
GXO Logistics, Inc. (a)
    
729
    
$
44,345
  
                 
Automobile Components - 0.0%(b)
          
Phinia, Inc.
    
293
      
16,431
  
                 
Beverages - 0.6%
          
Boston Beer Co., Inc. - Class A (a)
    
63
      
19,923
  
Monster Beverage Corp. (a)
    
6,268
      
345,555
  
             
365,478
  
                 
Biotechnology - 2.8%
          
Exelixis, Inc. (a)
    
2,247
      
81,925
  
Gilead Sciences, Inc.
    
10,222
      
946,353
  
Neurocrine Biosciences, Inc. (a)
    
788
      
99,879
  
Vertex Pharmaceuticals, Inc. (a)
    
1,544
      
722,793
  
             
1,850,950
  
                 
Broadline Retail - 5.5%
          
Amazon.com, Inc. (a)
    
16,154
      
3,358,255
  
eBay, Inc.
    
3,372
      
213,414
  
Etsy, Inc. (a)
    
489
      
26,827
  
             
3,598,496
  
                 
Capital Markets - 0.3%
          
Cboe Global Markets, Inc.
    
672
      
145,051
  
PJT Partners, Inc. - Class A
    
202
      
33,807
  
             
178,858
  
                 
Chemicals - 2.5%
          
Balchem Corp.
    
202
      
36,465
  
Ecolab, Inc.
    
2,052
      
510,476
  
RPM International, Inc.
    
1,092
      
151,548
  
Sherwin-Williams Co.
    
2,325
      
923,955
  
             
1,622,444
  
                 
Commercial Services & Supplies - 2.8%
          
Cintas Corp.
    
3,600
      
812,844
  
Rollins, Inc.
    
4,204
      
211,587
  
Veralto Corp.
    
1,873
      
202,640
  
Waste Management, Inc.
    
2,717
      
620,074
  
             
1,847,145
  
                 
Communications Equipment - 1.2%
          
Arista Networks, Inc. (a)
    
1,948
      
790,537
  
                 
Consumer Staples Distribution & Retail - 10.9%
          
Casey's General Stores, Inc.
    
340
      
143,103
  
Costco Wholesale Corp.
    
3,405
      
3,309,251
  
Maplebear, Inc. (a)
    
2,253
      
98,389
  
Walmart, Inc.
    
38,998
      
3,607,315
  
             
7,158,058
  
                 
Distributors - 0.1%
          
LKQ Corp.
    
1,713
      
67,304
  
                 
Entertainment - 4.8%
          
Electronic Arts, Inc.
    
1,937
      
317,029
  
Netflix, Inc. (a)
    
3,203
      
2,840,452
  
             
3,157,481
  
                 
Financial Services - 10.4%
          
Jack Henry & Associates, Inc.
    
544
      
95,842
  
Mastercard, Inc. - Class A
    
6,290
      
3,352,193
  
Visa, Inc. - Class A
    
10,853
      
3,419,563
  
             
6,867,598
  
                 
Ground Transportation - 2.1%
          
Landstar System, Inc.
    
237
      
44,063
  
Old Dominion Freight Line, Inc.
    
1,544
      
347,616
  
RXO, Inc. (a)
    
996
      
30,029
  
Union Pacific Corp.
    
3,960
      
968,854
  
             
1,390,562
  
                 
Health Care Equipment & Supplies - 3.8%
          
Becton Dickinson & Co.
    
1,804
      
400,308
  
IDEXX Laboratories, Inc. (a)
    
744
      
313,782
  
Insulet Corp. (a)
    
501
      
133,657
  
Intuitive Surgical, Inc. (a)
    
2,413
      
1,307,846
  
ResMed, Inc.
    
1,107
      
275,665
  
Solventum Corp. (a)
    
1,314
      
93,964
  
STAAR Surgical Co. (a)
    
348
      
10,127
  
             
2,535,349
  
                 
Health Care Providers & Services - 7.7%
          
CVS Health Corp.
    
8,404
      
502,980
  
HCA Healthcare, Inc.
    
2,255
      
737,881
  
McKesson Corp.
    
826
      
519,141
  
UnitedHealth Group, Inc.
    
5,447
      
3,323,759
  
             
5,083,761
  
                 
Health Care Technology - 0.3%
          
Veeva Systems, Inc. - Class A (a)
    
928
      
211,445
  
                 
Household Durables - 0.1%
          
Dream Finders Homes, Inc. - Class A (a)
    
602
      
20,029
  
Meritage Homes Corp.
    
236
      
45,092
  
             
65,121
  
                 
Interactive Media & Services - 6.5%
          
Alphabet, Inc. - Class C
    
5,554
      
946,901
  
Meta Platforms, Inc. - Class A
    
5,536
      
3,179,436
  
Pinterest, Inc. - Class A (a)
    
5,282
      
160,150
  
             
4,286,487
  
                 
IT Services - 1.5%
          
Cognizant Technology Solutions Corp. - Class A
    
3,610
      
290,569
  
EPAM Systems, Inc. (a)
    
127
      
30,978
  
Gartner, Inc. (a)
    
644
      
333,547
  
GoDaddy, Inc. - Class A (a)
    
1,152
      
227,601
  
MongoDB, Inc. (a)
    
372
      
119,966
  
             
1,002,661
  
                 
Machinery - 0.1%
          
Tennant Co.
    
148
      
13,079
  
Toro Co.
    
707
      
61,565
  
             
74,644
  
                 
Media - 0.7%
          
New York Times Co. - Class A
    
1,305
      
70,809
  
Trade Desk, Inc. - Class A (a)
    
3,174
      
408,018
  
             
478,827
  
                 
Personal Care Products - 0.0%(b)
          
elf Beauty, Inc. (a)
    
122
      
15,801
  
                 
Pharmaceuticals - 4.1%
          
Eli Lilly & Co.
    
3,401
      
2,704,985
  
                 
Professional Services - 0.0%(b)
          
TaskUS, Inc. - Class A (a)
    
710
      
10,408
  
Upwork, Inc. (a)
    
806
      
13,678
  
             
24,086
  
                 
Semiconductors & Semiconductor Equipment - 1.1%
          
Cirrus Logic, Inc. (a)
    
411
      
42,929
  
Impinj, Inc. (a)
    
167
      
32,099
  
Lam Research Corp.
    
7,948
      
587,198
  
Universal Display Corp.
    
321
      
52,811
  
             
715,037
  
                 
Software - 17.7%
          
Adobe Systems, Inc. (a)
    
4,284
      
2,210,244
  
Appfolio, Inc. - Class A (a)
    
265
      
67,244
  
Autodesk, Inc. (a)
    
1,788
      
521,917
  
DocuSign, Inc. (a)
    
1,670
      
133,082
  
Fair Isaac Corp. (a)
    
251
      
596,133
  
Fortinet, Inc. (a)
    
6,604
      
627,710
  
HubSpot, Inc. (a)
    
396
      
285,536
  
Manhattan Associates, Inc. (a)
    
406
      
115,889
  
Microsoft Corp.
    
7,222
      
3,058,228
  
Nutanix, Inc. - Class A (a)
    
2,597
      
169,532
  
Palo Alto Networks, Inc. (a)
    
2,283
      
885,393
  
Pegasystems, Inc.
    
703
      
66,764
  
Samsara, Inc. - Class A (a)
    
3,623
      
193,794
  
ServiceNow, Inc. (a)
    
1,464
      
1,536,380
  
Synopsys, Inc. (a)
    
1,253
      
699,788
  
Workday, Inc. - Class A (a)
    
1,924
      
480,981
  
Zuora, Inc. - Class A (a)
    
1,008
      
10,009
  
             
11,658,624
  
                 
Specialty Retail - 5.9%
          
Camping World Holdings, Inc. - Class A
    
249
      
6,086
  
Home Depot, Inc.
    
7,874
      
3,378,970
  
Stitch Fix, Inc. - Class A (a)
    
729
      
3,470
  
Tractor Supply Co.
    
810
      
229,773
  
Ulta Beauty, Inc. (a)
    
268
      
103,619
  
Williams-Sonoma, Inc.
    
731
      
125,747
  
Winmark Corp.
    
46
      
18,948
  
             
3,866,613
  
                 
Technology Hardware, Storage & Peripherals - 5.2%
          
Apple, Inc.
    
13,832
      
3,282,748
  
Pure Storage, Inc. - Class A (a)
    
2,833
      
150,121
  
             
3,432,869
  
                 
Textiles, Apparel & Luxury Goods - 0.8%
          
NIKE, Inc. - Class B
    
5,901
      
464,822
  
Skechers USA, Inc. - Class A (a)
    
1,059
      
67,585
  
Under Armour, Inc. - Class A (a)
    
2,539
      
24,654
  
             
557,061
  
                 
Trading Companies & Distributors - 0.3%
          
Watsco, Inc.
    
302
      
166,583
  
TOTAL COMMON STOCKS (Cost $53,906,760)
      
65,835,641
  
                 
TOTAL INVESTMENTS - 99.9% (Cost $53,906,760)
      
65,835,641
  
Other Assets in Excess of Liabilities - 0.1%
      
107,077
  
TOTAL NET ASSETS - 100.0%
          
$
65,942,718
  
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.
  

(a)
Non-income producing security.
(b)
Represents less than 0.05% of net assets.


Summary of Fair Value Disclosure as of November 30, 2024 (Unaudited)
 
Motley Fool Capital Efficiency 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
  
$
65,835,641
    
$
–
    
$
–
    
$
65,835,641
  
Total Investments
  
$
65,835,641
    
$
–
    
$
–
    
$
65,835,641
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.