|
Amplify Etho Climate Leadership U.S. ETF
|
||||||||
|
Schedule of Investments
|
||||||||
|
December 31, 2025 (Unaudited)
|
||||||||
|
COMMON STOCKS - 95.3%
|
Shares
|
Value
|
||||||
|
Communication Services - 4.4%
|
||||||||
|
Alphabet, Inc. - Class A
|
2,705
|
$
|
846,665
|
|||||
|
Cable One, Inc.
|
1,568
|
176,949
|
||||||
|
Cargurus, Inc. (a)
|
14,330
|
549,555
|
||||||
|
Cars.com, Inc. (a)
|
36,942
|
450,692
|
||||||
|
Electronic Arts, Inc.
|
2,895
|
591,535
|
||||||
|
Eventbrite, Inc. - Class A (a)
|
197,837
|
880,375
|
||||||
|
John Wiley & Sons, Inc. - Class A
|
9,572
|
293,190
|
||||||
|
Netflix, Inc. (a)
|
4,476
|
419,670
|
||||||
|
New York Times Co. - Class A
|
8,454
|
586,877
|
||||||
|
Omnicom Group, Inc.
|
5,137
|
414,813
|
||||||
|
Paramount Skydance Corp.
|
35,177
|
471,372
|
||||||
|
Pinterest, Inc. - Class A (a)
|
13,466
|
348,635
|
||||||
|
TEGNA, Inc.
|
23,202
|
450,351
|
||||||
|
T-Mobile US, Inc.
|
1,578
|
320,397
|
||||||
|
6,801,076
|
||||||||
|
Consumer Discretionary - 13.4%
|
||||||||
|
Asbury Automotive Group, Inc. (a)
|
1,890
|
439,482
|
||||||
|
Booking Holdings, Inc.
|
91
|
487,335
|
||||||
|
Boot Barn Holdings, Inc. (a)
|
3,886
|
685,762
|
||||||
|
Burlington Stores, Inc. (a)
|
1,748
|
504,910
|
||||||
|
Carter's, Inc.
|
10,391
|
336,980
|
||||||
|
Cheesecake Factory, Inc.
|
8,670
|
437,662
|
||||||
|
Chipotle Mexican Grill, Inc. (a)
|
8,339
|
308,543
|
||||||
|
Columbia Sportswear Co.
|
5,595
|
308,228
|
||||||
|
Crocs, Inc. (a)
|
3,931
|
336,179
|
||||||
|
Deckers Outdoor Corp. (a)
|
3,733
|
387,000
|
||||||
|
Dorman Products, Inc. (a)
|
3,463
|
426,607
|
||||||
|
Etsy, Inc. (a)
|
8,848
|
490,533
|
||||||
|
Five Below, Inc. (a)
|
5,571
|
1,049,354
|
||||||
|
Floor & Decor Holdings, Inc. - Class A (a)
|
5,187
|
315,836
|
||||||
|
Frontdoor, Inc. (a)
|
10,865
|
626,802
|
||||||
|
Gentherm, Inc. (a)
|
15,611
|
567,772
|
||||||
|
G-III Apparel Group Ltd.
|
15,309
|
443,349
|
||||||
|
H&R Block, Inc.
|
7,705
|
335,784
|
||||||
|
Haverty Furniture Cos., Inc.
|
21,822
|
509,762
|
||||||
|
Helen of Troy Ltd. (a)
|
7,828
|
166,345
|
||||||
|
Home Depot, Inc.
|
1,152
|
396,403
|
||||||
|
Installed Building Products, Inc.
|
2,443
|
633,690
|
||||||
|
Kontoor Brands, Inc.
|
6,594
|
402,827
|
||||||
|
La-Z-Boy, Inc.
|
10,799
|
402,479
|
||||||
|
LCI Industries
|
4,889
|
593,231
|
||||||
|
Levi Strauss & Co. - Class A
|
27,186
|
563,838
|
||||||
|
Lithia Motors, Inc.
|
1,428
|
474,567
|
||||||
|
Meritage Homes Corp.
|
5,966
|
392,563
|
||||||
|
Movado Group, Inc.
|
26,457
|
545,543
|
||||||
|
O'Reilly Automotive, Inc. (a)
|
4,371
|
398,679
|
||||||
|
Planet Fitness, Inc. - Class A (a)
|
4,321
|
468,699
|
||||||
|
Pool Corp.
|
1,327
|
303,551
|
||||||
|
Ralph Lauren Corp.
|
1,903
|
672,920
|
||||||
|
RH (a)
|
1,786
|
319,962
|
||||||
|
Rivian Automotive, Inc. - Class A (a)
|
33,529
|
660,857
|
||||||
|
Ross Stores, Inc.
|
3,284
|
591,580
|
||||||
|
Steven Madden Ltd.
|
15,884
|
661,410
|
||||||
|
TJX Cos., Inc.
|
3,450
|
529,954
|
||||||
|
Visteon Corp.
|
5,397
|
513,255
|
||||||
|
Wayfair, Inc. - Class A (a)
|
13,033
|
1,308,643
|
||||||
|
YETI Holdings, Inc. (a)
|
12,611
|
557,028
|
||||||
|
20,555,904
|
||||||||
|
Consumer Staples - 2.9%
|
||||||||
|
elf Beauty, Inc. (a)
|
6,648
|
505,514
|
||||||
|
Estee Lauder Cos., Inc. - Class A
|
6,381
|
668,218
|
||||||
|
Hain Celestial Group, Inc. (a)
|
100,890
|
107,952
|
||||||
|
Marzetti Co.
|
2,411
|
396,417
|
||||||
|
Performance Food Group Co. (a)
|
5,309
|
477,385
|
||||||
|
PriceSmart, Inc.
|
4,770
|
585,136
|
||||||
|
Sprouts Farmers Market, Inc. (a)
|
2,743
|
218,535
|
||||||
|
SunOpta, Inc. (a)
|
86,151
|
327,374
|
||||||
|
TreeHouse Foods, Inc. (a)
|
15,409
|
363,498
|
||||||
|
USANA Health Sciences, Inc. (a)
|
15,525
|
304,756
|
||||||
|
Walmart, Inc.
|
4,786
|
533,208
|
||||||
|
4,487,993
|
||||||||
|
Financials - 13.9%
|
||||||||
|
Ally Financial, Inc.
|
11,647
|
527,493
|
||||||
|
Amerant Bancorp, Inc.
|
20,443
|
398,843
|
||||||
|
American Express Co.
|
1,557
|
576,012
|
||||||
|
Arthur J Gallagher & Co.
|
1,215
|
314,430
|
||||||
|
Associated Banc-Corp.
|
18,890
|
486,606
|
||||||
|
Bank of Hawaii Corp.
|
6,186
|
422,937
|
||||||
|
Bank OZK
|
9,804
|
451,180
|
||||||
|
BankUnited, Inc.
|
12,347
|
550,306
|
||||||
|
Banner Corp.
|
6,656
|
417,065
|
||||||
|
BOK Financial Corp.
|
4,056
|
480,474
|
||||||
|
Brown & Brown, Inc.
|
3,351
|
267,075
|
||||||
|
Camden National Corp.
|
10,549
|
457,616
|
||||||
|
Cass Information Systems, Inc.
|
9,801
|
406,938
|
||||||
|
Cohen & Steers, Inc.
|
5,295
|
332,420
|
||||||
|
Columbia Banking System, Inc.
|
17,232
|
481,634
|
||||||
|
Comerica, Inc.
|
7,202
|
626,070
|
||||||
|
Commerce Bancshares, Inc.
|
7,109
|
372,069
|
||||||
|
Essent Group Ltd.
|
7,343
|
477,368
|
||||||
|
First Busey Corp.
|
19,787
|
470,733
|
||||||
|
First Citizens BancShares, Inc. - Class A
|
226
|
485,037
|
||||||
|
First Financial Bancorp
|
17,060
|
426,841
|
||||||
|
First Financial Bankshares, Inc.
|
11,744
|
350,793
|
||||||
|
First Horizon Corp.
|
21,776
|
520,446
|
||||||
|
Global Payments, Inc.
|
4,294
|
332,356
|
||||||
|
Hamilton Lane, Inc. - Class A
|
2,831
|
380,232
|
||||||
|
Hancock Whitney Corp.
|
8,085
|
514,853
|
||||||
|
Huntington Bancshares, Inc.
|
28,265
|
490,398
|
||||||
|
Jack Henry & Associates, Inc.
|
2,304
|
420,434
|
||||||
|
LPL Financial Holdings, Inc.
|
1,278
|
456,463
|
||||||
|
M&T Bank Corp.
|
2,373
|
478,112
|
||||||
|
Mastercard, Inc. - Class A
|
764
|
436,152
|
||||||
|
MGIC Investment Corp.
|
17,034
|
497,733
|
||||||
|
NMI Holdings, Inc. - Class A (a)
|
11,579
|
472,307
|
||||||
|
OneMain Holdings, Inc.
|
8,888
|
600,384
|
||||||
|
PayPal Holdings, Inc.
|
6,408
|
374,099
|
||||||
|
Piper Sandler Cos.
|
1,694
|
575,469
|
||||||
|
Primerica, Inc.
|
1,479
|
382,114
|
||||||
|
Prosperity Bancshares, Inc.
|
5,937
|
410,306
|
||||||
|
Selective Insurance Group, Inc.
|
4,607
|
385,468
|
||||||
|
Southside Bancshares, Inc.
|
14,795
|
449,620
|
||||||
|
Visa, Inc. - Class A
|
1,196
|
419,449
|
||||||
|
W R Berkley Corp.
|
5,922
|
415,251
|
||||||
|
WaFd, Inc.
|
14,883
|
476,703
|
||||||
|
Webster Financial Corp.
|
8,225
|
517,682
|
||||||
|
Wintrust Financial Corp.
|
3,744
|
523,486
|
||||||
|
WSFS Financial Corp.
|
8,102
|
447,554
|
||||||
|
Zions Bancorp NA
|
8,524
|
498,995
|
||||||
|
21,256,006
|
||||||||
|
Health Care - 14.5%
|
||||||||
|
Agios Pharmaceuticals, Inc. (a)
|
14,247
|
387,803
|
||||||
|
Alnylam Pharmaceuticals, Inc. (a)
|
1,546
|
614,767
|
||||||
|
Amgen, Inc.
|
1,363
|
446,124
|
||||||
|
Amicus Therapeutics, Inc. (a)
|
51,156
|
728,461
|
||||||
|
Arrowhead Pharmaceuticals, Inc. (a)
|
32,766
|
2,175,335
|
||||||
|
AtriCure, Inc. (a)
|
12,940
|
511,906
|
||||||
|
Axsome Therapeutics, Inc. (a)
|
3,579
|
653,669
|
||||||
|
Bruker Corp.
|
10,028
|
472,419
|
||||||
|
Catalyst Pharmaceuticals, Inc. (a)
|
17,214
|
401,775
|
||||||
|
Corcept Therapeutics, Inc. (a)
|
3,666
|
127,577
|
||||||
|
Cytokinetics, Inc. (a)
|
10,387
|
659,990
|
||||||
|
DexCom, Inc. (a)
|
6,113
|
405,720
|
||||||
|
Edwards Lifesciences Corp. (a)
|
5,759
|
490,955
|
||||||
|
Encompass Health Corp.
|
4,130
|
438,358
|
||||||
|
Exact Sciences Corp. (a)
|
9,643
|
979,343
|
||||||
|
Exelixis, Inc. (a)
|
11,307
|
495,586
|
||||||
|
Glaukos Corp. (a)
|
4,241
|
478,851
|
||||||
|
Globus Medical, Inc. - Class A (a)
|
5,703
|
497,929
|
||||||
|
Haemonetics Corp. (a)
|
6,569
|
526,505
|
||||||
|
Halozyme Therapeutics, Inc. (a)
|
6,542
|
440,277
|
||||||
|
IDEXX Laboratories, Inc. (a)
|
994
|
672,471
|
||||||
|
Insulet Corp. (a)
|
1,590
|
451,942
|
||||||
|
Integer Holdings Corp. (a)
|
3,548
|
278,270
|
||||||
|
Intuitive Surgical, Inc. (a)
|
843
|
477,441
|
||||||
|
Ironwood Pharmaceuticals, Inc. (a)
|
283,971
|
956,982
|
||||||
|
Lantheus Holdings, Inc. (a)
|
4,290
|
285,499
|
||||||
|
Masimo Corporation (a)
|
2,506
|
325,930
|
||||||
|
Medpace Holdings, Inc. (a)
|
1,370
|
769,461
|
||||||
|
Merit Medical Systems, Inc. (a)
|
3,949
|
348,065
|
||||||
|
Moderna, Inc. (a)
|
14,724
|
434,211
|
||||||
|
Neogen Corp. (a)
|
48,147
|
336,548
|
||||||
|
Neurocrine Biosciences, Inc. (a)
|
3,774
|
535,266
|
||||||
|
Penumbra, Inc. (a)
|
1,561
|
485,331
|
||||||
|
Protagonist Therapeutics, Inc. (a)
|
8,632
|
753,919
|
||||||
|
Regeneron Pharmaceuticals, Inc.
|
660
|
509,434
|
||||||
|
Repligen Corp. (a)
|
3,281
|
537,625
|
||||||
|
Ultragenyx Pharmaceutical, Inc. (a)
|
11,563
|
265,949
|
||||||
|
United Therapeutics Corp. (a)
|
1,354
|
659,736
|
||||||
|
Veeva Systems, Inc. - Class A (a)
|
1,802
|
402,260
|
||||||
|
Vertex Pharmaceuticals, Inc. (a)
|
861
|
390,343
|
||||||
|
Waters Corp. (a)
|
1,133
|
430,347
|
||||||
|
22,240,380
|
||||||||
|
Industrials - 15.1%
|
||||||||
|
AAON, Inc.
|
5,355
|
408,319
|
||||||
|
Alamo Group, Inc.
|
2,350
|
394,494
|
||||||
|
Applied Industrial Technologies, Inc.
|
1,860
|
477,592
|
||||||
|
Atkore, Inc.
|
7,035
|
444,964
|
||||||
|
Automatic Data Processing, Inc.
|
1,378
|
354,463
|
||||||
|
AZZ, Inc.
|
5,014
|
537,401
|
||||||
|
Bloom Energy Corp. - Class A (a)
|
21,233
|
1,844,935
|
||||||
|
Brady Corp. - Class A
|
5,953
|
466,537
|
||||||
|
Builders FirstSource, Inc. (a)
|
3,336
|
343,241
|
||||||
|
Carpenter Technology Corporation
|
2,309
|
726,966
|
||||||
|
Dayforce, Inc. (a)
|
7,156
|
494,909
|
||||||
|
Ennis, Inc.
|
21,379
|
385,036
|
||||||
|
Forward Air Corp. (a)
|
20,778
|
519,450
|
||||||
|
Franklin Covey Co. (a)
|
15,160
|
254,385
|
||||||
|
Franklin Electric Co., Inc.
|
4,474
|
427,401
|
||||||
|
HNI Corp.
|
9,571
|
402,365
|
||||||
|
Hub Group, Inc. - Class A
|
11,322
|
482,430
|
||||||
|
Illinois Tool Works, Inc.
|
1,698
|
418,217
|
||||||
|
JBT Marel Corp.
|
3,421
|
515,442
|
||||||
|
Johnson Controls International PLC
|
5,256
|
629,406
|
||||||
|
Kadant, Inc.
|
1,242
|
353,995
|
||||||
|
Kelly Services, Inc. - Class A
|
32,243
|
283,738
|
||||||
|
Lennox International, Inc.
|
748
|
363,214
|
||||||
|
Liquidity Services, Inc. (a)
|
13,461
|
408,003
|
||||||
|
Matson, Inc.
|
3,280
|
405,244
|
||||||
|
Modine Manufacturing Co. (a)
|
5,439
|
726,161
|
||||||
|
MSA Safety, Inc.
|
2,865
|
458,801
|
||||||
|
MYR Group, Inc. (a)
|
3,691
|
806,483
|
||||||
|
NORDSON Corp.
|
2,085
|
501,297
|
||||||
|
Paychex, Inc.
|
2,752
|
308,719
|
||||||
|
Paycom Software, Inc.
|
1,918
|
305,652
|
||||||
|
Resideo Technologies, Inc. (a)
|
23,584
|
828,270
|
||||||
|
Robert Half, Inc.
|
7,950
|
215,922
|
||||||
|
Rockwell Automation, Inc.
|
1,629
|
633,795
|
||||||
|
Rush Enterprises, Inc. - Class A
|
7,876
|
424,831
|
||||||
|
SiteOne Landscape Supply, Inc. (a)
|
3,437
|
428,113
|
||||||
|
SS&C Technologies Holdings, Inc.
|
5,030
|
439,723
|
||||||
|
Sunrun, Inc. (a)
|
71,235
|
1,310,724
|
||||||
|
Thermon Group Holdings, Inc. (a)
|
14,989
|
556,991
|
||||||
|
Trex Co., Inc. (a)
|
7,207
|
252,822
|
||||||
|
TriNet Group, Inc.
|
5,313
|
314,158
|
||||||
|
United Rentals, Inc.
|
669
|
541,435
|
||||||
|
Verisk Analytics, Inc.
|
1,410
|
315,403
|
||||||
|
Watts Water Technologies, Inc. - Class A
|
2,055
|
567,221
|
||||||
|
WW Grainger, Inc.
|
425
|
428,846
|
||||||
|
Xylem, Inc.
|
3,516
|
478,809
|
||||||
|
23,186,323
|
||||||||
|
Information Technology - 27.7% (b)
|
||||||||
|
A10 Networks, Inc.
|
25,732
|
455,199
|
||||||
|
ACI Worldwide, Inc. (a)
|
7,630
|
364,790
|
||||||
|
Adobe, Inc. (a)
|
1,088
|
380,789
|
||||||
|
Advanced Micro Devices, Inc. (a)
|
4,063
|
870,132
|
||||||
|
Amkor Technology, Inc.
|
23,274
|
918,858
|
||||||
|
Analog Devices, Inc.
|
2,087
|
565,994
|
||||||
|
Apple, Inc.
|
1,884
|
512,184
|
||||||
|
Applied Materials, Inc.
|
2,892
|
743,215
|
||||||
|
Arista Networks, Inc. (a)
|
5,388
|
705,990
|
||||||
|
Asana, Inc. - Class A (a)
|
28,576
|
391,777
|
||||||
|
Autodesk, Inc. (a)
|
1,594
|
471,840
|
||||||
|
Badger Meter, Inc.
|
2,193
|
382,481
|
||||||
|
BILL Holdings, Inc. (a)
|
9,096
|
496,096
|
||||||
|
BlackLine, Inc. (a)
|
8,621
|
476,655
|
||||||
|
Box, Inc. - Class A (a)
|
13,491
|
403,516
|
||||||
|
Cadence Design System, Inc. (a)
|
1,641
|
512,944
|
||||||
|
Calix, Inc. (a)
|
11,779
|
623,463
|
||||||
|
CDW Corp.
|
2,626
|
357,661
|
||||||
|
Ciena Corp. (a)
|
6,908
|
1,615,574
|
||||||
|
Cisco Systems, Inc.
|
6,822
|
525,499
|
||||||
|
Cloudflare, Inc. - Class A (a)
|
3,704
|
730,244
|
||||||
|
Cognex Corp.
|
14,058
|
505,807
|
||||||
|
Cohu, Inc. (a)
|
28,378
|
660,356
|
||||||
|
CTS Corp.
|
10,067
|
431,572
|
||||||
|
Datadog, Inc. - Class A (a)
|
4,208
|
572,246
|
||||||
|
Docusign, Inc. (a)
|
5,128
|
350,755
|
||||||
|
Dropbox, Inc. - Class A (a)
|
15,628
|
434,458
|
||||||
|
Dynatrace, Inc. (a)
|
8,853
|
383,689
|
||||||
|
Enphase Energy, Inc. (a)
|
6,748
|
216,273
|
||||||
|
Entegris, Inc.
|
4,783
|
402,968
|
||||||
|
Extreme Networks, Inc. (a)
|
31,552
|
525,341
|
||||||
|
F5, Inc. (a)
|
1,568
|
400,248
|
||||||
|
FormFactor, Inc. (a)
|
14,756
|
823,090
|
||||||
|
Gartner, Inc. (a)
|
998
|
251,775
|
||||||
|
GoDaddy, Inc. - Class A (a)
|
2,317
|
287,493
|
||||||
|
HubSpot, Inc. (a)
|
733
|
294,153
|
||||||
|
Insight Enterprises, Inc. (a)
|
2,783
|
226,731
|
||||||
|
InterDigital, Inc.
|
2,030
|
646,311
|
||||||
|
International Business Machines Corp.
|
1,701
|
503,853
|
||||||
|
IPG Photonics Corp. (a)
|
6,611
|
473,348
|
||||||
|
KLA Corp.
|
617
|
749,704
|
||||||
|
Lattice Semiconductor Corp. (a)
|
7,959
|
585,623
|
||||||
|
Littelfuse, Inc.
|
2,136
|
540,237
|
||||||
|
Lumentum Holdings, Inc. (a)
|
6,696
|
2,468,079
|
||||||
|
Marvell Technology, Inc.
|
6,792
|
577,184
|
||||||
|
MaxLinear, Inc. (a)
|
38,438
|
669,974
|
||||||
|
Microsoft Corp.
|
1,116
|
539,720
|
||||||
|
MKS, Inc.
|
5,231
|
835,914
|
||||||
|
MongoDB, Inc. (a)
|
2,380
|
998,862
|
||||||
|
Monolithic Power Systems, Inc.
|
722
|
654,392
|
||||||
|
NetApp, Inc.
|
4,783
|
512,212
|
||||||
|
NetScout Systems, Inc. (a)
|
19,868
|
537,628
|
||||||
|
Novanta, Inc. (a)
|
3,265
|
388,502
|
||||||
|
Nutanix, Inc. - Class A (a)
|
5,980
|
309,106
|
||||||
|
NVIDIA Corp.
|
3,852
|
718,398
|
||||||
|
Okta, Inc. (a)
|
3,967
|
343,027
|
||||||
|
Power Integrations, Inc.
|
8,378
|
297,754
|
||||||
|
Progress Software Corp. (a)
|
8,104
|
348,148
|
||||||
|
PTC, Inc. (a)
|
2,694
|
469,322
|
||||||
|
Pure Storage, Inc. - Class A (a)
|
9,429
|
631,837
|
||||||
|
Qualcomm, Inc.
|
2,748
|
470,045
|
||||||
|
Rambus, Inc. (a)
|
8,063
|
740,909
|
||||||
|
RingCentral, Inc. - Class A (a)
|
16,859
|
486,888
|
||||||
|
Rogers Corp. (a)
|
6,182
|
566,086
|
||||||
|
Roper Technologies, Inc.
|
712
|
316,933
|
||||||
|
Salesforce, Inc.
|
1,566
|
414,849
|
||||||
|
ScanSource, Inc. (a)
|
12,274
|
479,422
|
||||||
|
ServiceNow, Inc. (a)
|
2,622
|
401,664
|
||||||
|
Teradyne, Inc.
|
5,065
|
980,381
|
||||||
|
Texas Instruments, Inc.
|
2,363
|
409,957
|
||||||
|
Trimble, Inc. (a)
|
6,359
|
498,228
|
||||||
|
Twilio, Inc. - Class A (a)
|
4,263
|
606,369
|
||||||
|
Universal Display Corp.
|
3,014
|
351,975
|
||||||
|
VeriSign, Inc.
|
1,654
|
401,839
|
||||||
|
Workday, Inc. - Class A (a)
|
1,788
|
384,027
|
||||||
|
Zoom Communications, Inc. - Class A (a)
|
5,659
|
488,315
|
||||||
|
Zscaler, Inc. (a)
|
2,104
|
473,232
|
||||||
|
42,542,110
|
||||||||
|
Materials - 1.2%
|
||||||||
|
AptarGroup, Inc.
|
2,815
|
343,318
|
||||||
|
Balchem Corp.
|
2,509
|
384,780
|
||||||
|
Element Solutions, Inc.
|
18,592
|
464,614
|
||||||
|
Kronos Worldwide, Inc.
|
57,058
|
252,196
|
||||||
|
Stepan Co.
|
7,709
|
365,098
|
||||||
|
1,810,006
|
||||||||
|
Real Estate - 0.2%
|
||||||||
|
CoStar Group, Inc. (a)
|
5,269
|
354,287
|
||||||
|
Utilities - 2.0%
|
||||||||
|
American States Water Co.
|
5,378
|
389,797
|
||||||
|
American Water Works Co., Inc.
|
2,866
|
374,013
|
||||||
|
California Water Service Group
|
8,730
|
378,271
|
||||||
|
Clearway Energy, Inc. - Class A
|
15,131
|
475,416
|
||||||
|
Middlesex Water Co.
|
6,602
|
332,873
|
||||||
|
Ormat Technologies, Inc.
|
5,915
|
653,430
|
||||||
|
XPLR Infrastructure LP (a)
|
43,941
|
439,410
|
||||||
|
3,043,210
|
||||||||
|
TOTAL COMMON STOCKS (Cost $122,826,849)
|
146,277,295
|
|||||||
|
REAL ESTATE INVESTMENT TRUSTS - COMMON - 4.4%
|
Shares
|
Value
|
||||||
|
Financials - 0.3%
|
||||||||
|
AGNC Investment Corp.
|
46,736
|
501,010
|
||||||
|
Real Estate - 4.1%
|
||||||||
|
Agree Realty Corp.
|
5,502
|
396,309
|
||||||
|
American Assets Trust, Inc.
|
21,478
|
406,578
|
||||||
|
Apple Hospitality REIT, Inc.
|
33,568
|
397,781
|
||||||
|
Cousins Properties, Inc.
|
14,369
|
370,433
|
||||||
|
First Industrial Realty Trust, Inc.
|
7,833
|
448,596
|
||||||
|
Hudson Pacific Properties, Inc. (a)
|
20,276
|
219,589
|
||||||
|
Kimco Realty Corp.
|
20,153
|
408,501
|
||||||
|
Prologis, Inc.
|
3,794
|
484,342
|
||||||
|
Realty Income Corp.
|
7,386
|
416,349
|
||||||
|
Rexford Industrial Realty, Inc.
|
10,830
|
419,337
|
||||||
|
Ryman Hospitality Properties, Inc.
|
4,642
|
439,226
|
||||||
|
Simon Property Group, Inc.
|
2,566
|
474,992
|
||||||
|
Sunstone Hotel Investors, Inc.
|
44,973
|
402,059
|
||||||
|
WP Carey, Inc.
|
6,744
|
434,044
|
||||||
|
Xenia Hotels & Resorts, Inc.
|
36,019
|
509,309
|
||||||
|
6,227,445
|
||||||||
|
TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON (Cost $7,380,281)
|
6,728,455
|
|||||||
|
SHORT-TERM INVESTMENTS
|
||||||||
|
MONEY MARKET FUNDS - 1.1%
|
Shares
|
Value
|
||||||
|
Invesco Government & Agency Portfolio - Institutional Class, 3.68% (c)
|
1,621,625
|
1,621,625
|
||||||
|
TOTAL MONEY MARKET FUNDS (Cost $1,621,625)
|
1,621,625
|
|||||||
|
TOTAL INVESTMENTS - 100.8% (Cost $131,828,755)
|
154,627,375
|
|||||||
|
Liabilities in Excess of Other Assets - (0.8)%
|
(1,265,950
|
)
|
||||||
|
TOTAL NET ASSETS - 100.0%
|
$
|
153,361,425
|
||||||
|
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.
|
||||||||
|
LP - Limited Partnership
|
|
PLC - Public Limited Company
|
|
REIT - Real Estate Investment Trust
|
|
(a)
|
Non-income producing security.
|
|
(b)
|
To the extent that the Fund invests more heavily in particular industries or sectors of the economy, its performance will be especially sensitive to developments that significantly affect those industries or
sectors.
|
|
(c)
|
The rate shown represents the 7-day annualized yield as of December 31, 2025.
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||||
|
Investments:
|
||||||||||||||||
|
Common Stocks
|
$
|
146,277,295
|
$
|
–
|
$
|
–
|
$
|
146,277,295
|
||||||||
|
Real Estate Investment Trusts - Common
|
6,728,455
|
–
|
–
|
6,728,455
|
||||||||||||
|
Money Market Funds
|
1,621,625
|
–
|
–
|
1,621,625
|
||||||||||||
|
Total Investments
|
$
|
154,627,375
|
$
|
–
|
$
|
–
|
$
|
154,627,375
|
||||||||
|
Refer to the Schedule of Investments for further disaggregation of investment categories.
|
||||||||||||||||