The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM NPORT-P
Monthly Portfolio Investments Report

NPORT-P: Filer Information

Confidential ☐
Filer CIK
0001414040
Filer CCC
********
Filer Investment Company Type
Is this a LIVE or TEST Filing? ☐ LIVE ☐ TEST
Would you like a Return Copy? ☐
Is this an electronic copy of an official filing submitted in paper format? ☐

Submission Contact Information

Name
Phone
E-Mail Address

Notification Information

Notify via Filing Website only? ☐
Notification E-mail Address
Series ID
S000051619
Class (Contract) ID
C000162390

NPORT-P: Part A: General Information

Item A.1. Information about the Registrant.

a. Name of Registrant
ALPS ETF TRUST
b. Investment Company Act file number for Registrant: (e.g., 811-______)
811-22175
c. CIK number of Registrant
0001414040
d. LEI of Registrant
549300VF1907NYC4WM31
e. Address and telephone number of Registrant:
i. Street Address 1
1290 BROADWAY SUITE 1000
ii. Street Address 2
iii. City
DENVER
iv. State, if applicable
v. Foreign country, if applicable
vi. Zip / Postal Code
80203
vii. Telephone number
3036232577

Item A.2. Information about the Series.

a. Name of Series.
RiverFront Dynamic Core Income ETF
b. EDGAR series identifier (if any).
S000051619
c. LEI of Series.
549300KF553WJGB8GO85

Item A.3. Reporting period.

a. Date of fiscal year-end.
2026-11-30
b. Date as of which information is reported.
2026-02-28

Item A.4. Final filing

a. Does the Fund anticipate that this will be its final filing on Form N PORT? ☐ Yes ☒ No

NPORT-P: Part B: Information About the Fund

Report the following information for the Fund and its consolidated subsidiaries.

Item B.1. Assets and liabilities. Report amounts in U.S. dollars.

a. Total assets, including assets attributable to miscellaneous securities reported in Part D.
16029722.30
b. Total liabilities.
6330.96
c. Net assets.
16023391.34

Item B.2. Certain assets and liabilities. Report amounts in U.S. dollars.

a. Assets attributable to miscellaneous securities reported in Part D.
0.00000000
b. Assets invested in a Controlled Foreign Corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities.
0.00000000
c. Borrowings attributable to amounts payable for notes payable, bonds, and similar debt, as reported pursuant to rule 6-04(13)(a) of Regulation S-X [17 CFR 210.6-04(13)(a)].
Amounts payable within one year.
Banks or other financial institutions for borrowings.
0.00000000
Controlled companies.
0.00000000
Other affiliates.
0.00000000
Others.
0.00000000
Amounts payable after one year.
Banks or other financial institutions for borrowings.
0.00000000
Controlled companies.
0.00000000
Other affiliates.
0.00000000
Others.
0.00000000
d. Payables for investments purchased either (i) on a delayed delivery, when-issued, or other firm commitment basis, or (ii) on a standby commitment basis.
(i) On a delayed delivery, when-issued, or other firm commitment basis:
0.00000000
(ii) On a standby commitment basis:
0.00000000
e. Liquidation preference of outstanding preferred stock issued by the Fund.
0.00000000
f. Cash and cash equivalents not reported in Parts C and D.
0.00000000

Item B.3. Portfolio level risk metrics.

If the average value of the Fund's debt securities positions for the previous three months, in the aggregate, exceeds 25% or more of the Fund's net asset value, provide:
a. Interest Rate Risk (DV01). For each currency for which the Fund had a value of 1% or more of the Fund’s net asset value, provide the change in value of the portfolio resulting from a 1 basis point change in interest rates, for each of the following maturities: 3 month, 1 year, 5 years, 10 years, and 30 years.
b. Interest Rate Risk (DV100). For each currency for which the Fund had a value of 1% or more of the Fund’s net asset value, provide the change in value of the portfolio resulting from a 100 basis point change in interest rates, for each of the following maturities: 3 month, 1 year, 5 years, 10 years, and 30 years.

Currency Metric RecordISO Currency code3 month1 year5 years10 years30 years
#1 United States Dollar
Interest Rate Risk (DV01)
17.23020500710.062804002416.651021003578.700854002108.69411500
Interest Rate Risk (DV100)
1885.1258120068959.79390000242922.36250900366280.14802600218173.89656000

c. Credit Spread Risk (SDV01, CR01 or CS01). Provide the change in value of the portfolio resulting from a 1 basis point change in credit spreads where the shift is applied to the option adjusted spread, aggregated by investment grade and non-investment grade exposures, for each of the following maturities: 3 month, 1 year, 5 years, 10 years, and 30 years.

Credit Spread Risk3 month1 year5 years10 years30 years
Investment grade 7.25090900565.450759002142.025931001286.226621003.85066400
Non-Investment grade 9.97332000124.8009190071.721964000.000000000.00000000

For purposes of Item B.3., calculate value as the sum of the absolute values of:
(i) the value of each debt security,
(ii) the notional value of each swap, including, but not limited to, total return swaps, interest rate swaps, and credit default swaps, for which the underlying reference asset or assets are debt securities or an interest rate;
(iii) the notional value of each futures contract for which the underlying reference asset or assets are debt securities or an interest rate; and
(iv) the delta-adjusted notional value of any option for which the underlying reference asset is an asset described in clause (i),(ii), or (iii).

Report zero for maturities to which the Fund has no exposure. For exposures that fall between any of the listed maturities in (a) and (b), use linear interpolation to approximate exposure to each maturity listed above. For exposures outside of the range of maturities listed above, include those exposures in the nearest maturity.

Item B.4. Securities lending.

a. For each borrower in any securities lending transaction, provide the following information:

Borrower Information RecordName of borrowerLEI (if any) of borrowerAggregate value of all securities on loan to the borrower
— — — —

b. Did any securities lending counterparty provide any non-cash collateral? ☐ Yes ☒ No

Item B.5. Return information.

a. Monthly total returns of the Fund for each of the preceding three months. If the Fund is a Multiple Class Fund, report returns for each class. Such returns shall be calculated in accordance with the methodologies outlined in Item 26(b) (1) of Form N-1A, Instruction 13 to sub-Item 1 of Item 4 of Form N-2, or Item 26(b) (i) of Form N-3, as applicable.

Monthly Total Return Record Monthly total returns of the Fund for each of the preceding three months Class identification number(s) (if any) of the Class(es) for which returns are reported
Month 1 Month 2 Month 3
#1-0.140000000.190000001.40000000C000162390

b. For each of the preceding three months, monthly net realized gain (loss) and net change in unrealized appreciation (or depreciation) attributable to derivatives for each of the following categories: commodity contracts, credit contracts, equity contracts, foreign exchange contracts, interest rate contracts, and other contracts. Within each such asset category, further report the same information for each of the following types of derivatives instrument: forward, future, option, swaption, swap, warrant, and other. Report in U.S. dollars. Losses and depreciation shall be reported as negative numbers.
i. Asset category.
c. For each of the preceding three months, monthly net realized gain (loss) and net change in unrealized appreciation (or depreciation) attributable to investment other than derivatives. Report in U.S. dollars. Losses and depreciation shall be reported as negative numbers.

MonthMonthly net realized gain(loss)Monthly net change in unrealized appreciation (or depreciation)
Month 1 654.32000000-92215.07000000
Month 2 584.05000000-31075.91000000
Month 3 1364.87000000166126.42000000

Item B.6. Flow information.

a. Provide the aggregate dollar amounts for sales and redemptions/repurchases of Fund shares during each of the preceding three months. If shares of the Fund are held in omnibus accounts, for purposes of calculating the Fund's sales, redemptions, and repurchases, use net sales or redemptions/repurchases from such omnibus accounts. The amounts to be reported under this Item should be after any front-end sales load has been deducted and before any deferred or contingent deferred sales load or charge has been deducted. Shares sold shall include shares sold by the Fund to a registered unit investment trust. For mergers and other acquisitions, include in the value of shares sold any transaction in which the Fund acquired the assets of another investment company or of a personal holding company in exchange for its own shares. For liquidations, include in the value of shares redeemed any transaction in which the Fund liquidated all or part of its assets. Exchanges are defined as the redemption or repurchase of shares of one Fund or series and the investment of all or part of the proceeds in shares of another Fund or series in the same family of investment companies.

MonthTotal net asset value of shares sold (including exchanges but excluding reinvestment of dividends and distributions)Total net asset value of shares sold in connection with reinvestments of dividends and distributionsTotal net asset value of shares redeemed or repurchased, including exchanges
Month 1 0.000000000.00000000566471.78000000
Month 2 0.000000000.00000000567724.30000000
Month 3 0.000000000.00000000568823.20000000

Item B.7. Highly Liquid Investment Minimum information.

a. If applicable, provide the Fund's current Highly Liquid Investment Minimum.
—
b. If applicable, provide the number of days that the Fund's holdings in Highly Liquid Investments fell below the Fund's Highly Liquid Investment Minimum during the reporting period.
—
c. Did the Fund's Highly Liquid Investment Minimum change during the reporting period? ☐ Yes ☐ No ☐ N/A

Item B.8. Derivatives Transactions.

For portfolio investments of open-end management investment companies, provide the percentage of the Fund's Highly Liquid Investments that it has pledged as margin or collateral in connection with derivatives transactions that are classified among the following categories as specified in rule 22e-4 [17 CFR 270.22e-4]:
(1) Moderately Liquid Investments
(2) Less Liquid Investments
(3) Illiquid Investments
For purposes of Item B.8, when computing the required percentage, the denominator should only include assets (and exclude liabilities) that are categorized by the Fund as Highly Liquid Investments.
Classification
—

Item B.9. Derivatives Exposure for limited derivatives users.

If the Fund is excepted from the rule 18f-4 [17 CFR 270.18f-4] program requirement and limit on fund leverage risk under rule 18f-4(c)(4) [17 CFR 270.18f-4(c)(4)], provide the following information:
a. Derivatives exposure (as defined in rule 18f-4(a) [17 CFR 270.18f-4(a)]), reported as a percentage of the Fund’s net asset value.
—
b. Exposure from currency derivatives that hedge currency risks, as provided in rule 18f-4(c)(4)(i)(B) [17 CFR 270.18f-4(c)(4)(i)(B)], reported as a percentage of the Fund's net asset value.
—
c. Exposure from interest rate derivatives that hedge interest rate risks, as provided in rule 18f-4(c)(4)(i)(B) [17 CFR 270.18f-4(c)(4)(i)(B)], reported as a percentage of the Fund's net asset value.
—
d. The number of business days, if any, in excess of the five-business-day period described in rule 18f-4(c)(4)(ii) [17 CFR 270.18f-4(c)(4)(ii)], that the Fund’s derivatives exposure exceeded 10 percent of its net assets during the reporting period.
—

Item B.10. VaR information.

For Funds subject to the limit on fund leverage risk described in rule 18f-4(c)(2) [17 CFR 270.18f-4(c)(2)], provide the following information, as determined in accordance with the requirement under rule 18f-4(c)(2)(ii) to determine the fund’s compliance with the applicable VaR test at least once each business day:
a. Median daily VaR during the reporting period, reported as a percentage of the Fund's net asset value.
—
b. For Funds that were subject to the Relative VaR Test during the reporting period, provide:
i. As applicable, the name of the Fund’s Designated Index, or a statement that the Fund's Designated Reference Portfolio is the Fund’s Securities Portfolio.
—
ii. As applicable, the index identifier for the Fund’s Designated Index.
—
iii. Median VaR Ratio during the reporting period, reported as a percentage of the VaRof the Fund's Designated Reference Portfolio.
—
c. Backtesting Results. Number of exceptions that the Fund identified as a result of its backtesting of its VaR calculation model (as described in rule 18f-4(c)(1)(iv) [17 CFR 270.18f-4(c)(1)(iv)] during the reporting period.
—

NPORT-P: Part C: Schedule of Portfolio Investments

For each investment held by the Fund and its consolidated subsidiaries, disclose the information requested in Part C. A Fund may report information for securities in an aggregate amount not exceeding five percent of its total assets as miscellaneous securities in Part D in lieu of reporting those securities in Part C, provided that the securities so listed are not restricted, have been held for not more than one year prior to the end of the reporting period covered by this report, and have not been previously reported by name to the shareholders of the Fund or to any exchange, or set forth in any registration statement, application, or report to shareholders or otherwise made available to the public.
Schedule of Portfolio Investments Record: 1

Item C.1. Identification of investment.

a. Name of issuer (if any).
American Honda Finance
b. LEI (if any) of issuer. (1)
B6Q2VFHD1797Q7NZ3E43
c. Title of the issue or description of the investment.
American Honda Finance Corp.
d. CUSIP (if any).
02665WFL0
At least one of the following other identifiers:
- ISIN
US02665WFL00

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
180000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
186702.03000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.165184236210

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2031-07-10
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
5.05000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 2

Item C.1. Identification of investment.

a. Name of issuer (if any).
Bank Of America Corp
b. LEI (if any) of issuer. (1)
9DJT3UXIJIZJI4WXO774
c. Title of the issue or description of the investment.
Bank of America Corp.
d. CUSIP (if any).
06051GFL8
At least one of the following other identifiers:
- ISIN
US06051GFL86

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
205000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
205336.16000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.281477532708

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2026-10-22
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
4.25000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 3

Item C.1. Identification of investment.

a. Name of issuer (if any).
Bank Of America Corp
b. LEI (if any) of issuer. (1)
9DJT3UXIJIZJI4WXO774
c. Title of the issue or description of the investment.
Bank of America Corp.
d. CUSIP (if any).
06055HAB9
At least one of the following other identifiers:
- ISIN
US06055HAB96

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
364000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
369116.38000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
2.303609592799

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
9999-12-31
b. Coupon.
i. Coupon category. (13)
Variable
ii. Annualized rate.
6.12500000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 4

Item C.1. Identification of investment.

a. Name of issuer (if any).
Cvs Health Corp
b. LEI (if any) of issuer. (1)
549300EJG376EN5NQE29
c. Title of the issue or description of the investment.
CVS Health Corp.
d. CUSIP (if any).
126650CX6
At least one of the following other identifiers:
- ISIN
US126650CX62

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
62000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
62393.58000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.389390602002

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2028-03-25
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
4.30000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 5

Item C.1. Identification of investment.

a. Name of issuer (if any).
Citigroup Inc
b. LEI (if any) of issuer. (1)
6SHGI4ZSSLCXXQSBB395
c. Title of the issue or description of the investment.
Citigroup, Inc.
d. CUSIP (if any).
172967BL4
At least one of the following other identifiers:
- ISIN
US172967BL44

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
90000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
100298.90000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.625953007523

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2032-06-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
6.62500000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 6

Item C.1. Identification of investment.

a. Name of issuer (if any).
Citigroup Inc
b. LEI (if any) of issuer. (1)
6SHGI4ZSSLCXXQSBB395
c. Title of the issue or description of the investment.
Citigroup, Inc.
d. CUSIP (if any).
172967KA8
At least one of the following other identifiers:
- ISIN
US172967KA87

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
267000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
268688.70000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.676852885251

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2027-09-29
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
4.45000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 7

Item C.1. Identification of investment.

a. Name of issuer (if any).
Columbia Pipeline Holdco
b. LEI (if any) of issuer. (1)
N/A
c. Title of the issue or description of the investment.
Columbia Pipelines Holding Co. LLC
d. CUSIP (if any).
19828AAF4
At least one of the following other identifiers:
- ISIN
US19828AAF49

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
226000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
230619.74000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.439269222766

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☒ Yes ☐ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2032-11-17
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
4.99900000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 8

Item C.1. Identification of investment.

a. Name of issuer (if any).
Comcast Corp
b. LEI (if any) of issuer. (1)
51M0QTTNCGUN7KFCFZ59
c. Title of the issue or description of the investment.
Comcast Corp.
d. CUSIP (if any).
20030NES6
At least one of the following other identifiers:
- ISIN
US20030NES62

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
149000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
150083.74000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.936654025451

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☒ Yes ☐ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2037-01-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
5.16800000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 9

Item C.1. Identification of investment.

a. Name of issuer (if any).
Concentrix Corp
b. LEI (if any) of issuer. (1)
5493000EAJN1KMPVA737
c. Title of the issue or description of the investment.
Concentrix Corp.
d. CUSIP (if any).
20602DAC5
At least one of the following other identifiers:
- ISIN
US20602DAC56

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
504000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
484898.64000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
3.026192331641

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2033-08-02
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
6.85000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 10

Item C.1. Identification of investment.

a. Name of issuer (if any).
Dell Int Llc / Emc Corp
b. LEI (if any) of issuer. (1)
254900ZARLSVK41DKO78
c. Title of the issue or description of the investment.
Dell International LLC / EMC Corp.
d. CUSIP (if any).
24703DBT7
At least one of the following other identifiers:
- ISIN
US24703DBT72

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
176000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
177696.16000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.108979717398

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2032-10-06
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
4.75000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 11

Item C.1. Identification of investment.

a. Name of issuer (if any).
Dominion Energy Inc
b. LEI (if any) of issuer. (1)
ILUL7B6Z54MRYCF6H308
c. Title of the issue or description of the investment.
Dominion Energy, Inc.
d. CUSIP (if any).
25746UCY3
At least one of the following other identifiers:
- ISIN
US25746UCY38

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
337000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
339477.10000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
2.118634518727

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2028-06-01
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
4.25000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 12

Item C.1. Identification of investment.

a. Name of issuer (if any).
Duke Energy Corp
b. LEI (if any) of issuer. (1)
I1BZKREC126H0VB1BL91
c. Title of the issue or description of the investment.
Duke Energy Corp.
d. CUSIP (if any).
26441CCJ2
At least one of the following other identifiers:
- ISIN
US26441CCJ27

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
218000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
218544.88000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.363911517622

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2035-09-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
4.95000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 13

Item C.1. Identification of investment.

a. Name of issuer (if any).
Dupont De Nemours Inc
b. LEI (if any) of issuer. (1)
5493004JF0SDFLM8GD76
c. Title of the issue or description of the investment.
DuPont de Nemours, Inc.
d. CUSIP (if any).
26614NAC6
At least one of the following other identifiers:
- ISIN
US26614NAC65

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
67000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
67956.19000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.424106161785

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☒ Yes ☐ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2028-11-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
4.72500000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 14

Item C.1. Identification of investment.

a. Name of issuer (if any).
Flex Ltd
b. LEI (if any) of issuer. (1)
549300EAQH74YHD07T53
c. Title of the issue or description of the investment.
Flex, Ltd.
d. CUSIP (if any).
33938XAF2
At least one of the following other identifiers:
- ISIN
US33938XAF24

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
206000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
211562.08000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.320332728015

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
SINGAPORE
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2032-01-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
5.25000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 15

Item C.1. Identification of investment.

a. Name of issuer (if any).
Ford Motor Company
b. LEI (if any) of issuer. (1)
20S05OYHG0MQM4VUIC57
c. Title of the issue or description of the investment.
Ford Motor Co.
d. CUSIP (if any).
345370CX6
At least one of the following other identifiers:
- ISIN
US345370CX67

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
203000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
237251.04000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.480654344425

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2030-04-22
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
9.62500000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 16

Item C.1. Identification of investment.

a. Name of issuer (if any).
Ford Motor Credit Co Llc
b. LEI (if any) of issuer. (1)
UDSQCVRUX5BONN0VY111
c. Title of the issue or description of the investment.
Ford Motor Credit Co. LLC
d. CUSIP (if any).
345397C35
At least one of the following other identifiers:
- ISIN
US345397C353

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
336000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
350671.31000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
2.188496196336

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2027-11-04
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
7.35000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 17

Item C.1. Identification of investment.

a. Name of issuer (if any).
General Motors Finl Co
b. LEI (if any) of issuer. (1)
5493008B6JBRUJ90QL97
c. Title of the issue or description of the investment.
General Motors Financial Co., Inc.
d. CUSIP (if any).
37045XED4
At least one of the following other identifiers:
- ISIN
US37045XED49

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
504000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
548689.66000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
3.424304183536

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2033-01-09
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
6.40000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 18

Item C.1. Identification of investment.

a. Name of issuer (if any).
Goldman Sachs Group Inc
b. LEI (if any) of issuer. (1)
784F5XWPLTWKTBV3E584
c. Title of the issue or description of the investment.
Goldman Sachs Group, Inc.
d. CUSIP (if any).
38141GB60
At least one of the following other identifiers:
- ISIN
US38141GB607

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
242000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
245980.65000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.535134758806

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2030-10-23
b. Coupon.
i. Coupon category. (13)
Variable
ii. Annualized rate.
4.69200000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 19

Item C.1. Identification of investment.

a. Name of issuer (if any).
Goodyear Tire & Rubber
b. LEI (if any) of issuer. (1)
5493002BI0S2ZQUY3437
c. Title of the issue or description of the investment.
Goodyear Tire & Rubber Co.
d. CUSIP (if any).
382550BG5
At least one of the following other identifiers:
- ISIN
US382550BG56

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
148000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
147701.53000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.921786948005

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2027-03-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
4.87500000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 20

Item C.1. Identification of investment.

a. Name of issuer (if any).
Hca Inc
b. LEI (if any) of issuer. (1)
L3CJ6J7LJ2DX62FTXD46
c. Title of the issue or description of the investment.
HCA, Inc.
d. CUSIP (if any).
404121AH8
At least one of the following other identifiers:
- ISIN
US404121AH82

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
148000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
148168.38000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.924700501011

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2026-09-01
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
5.37500000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 21

Item C.1. Identification of investment.

a. Name of issuer (if any).
Hp Inc
b. LEI (if any) of issuer. (1)
WHKXQACZ14C5XRO8LW03
c. Title of the issue or description of the investment.
HP, Inc.
d. CUSIP (if any).
40434LAR6
At least one of the following other identifiers:
- ISIN
US40434LAR69

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
180000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
186618.52000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.164663060647

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2030-04-25
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
5.40000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 22

Item C.1. Identification of investment.

a. Name of issuer (if any).
Hess Midstream Operation
b. LEI (if any) of issuer. (1)
N/A
c. Title of the issue or description of the investment.
Hess Midstream Operations LP
d. CUSIP (if any).
428102AE7
At least one of the following other identifiers:
- ISIN
US428102AE79

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
148000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
145177.42000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.906034290241

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☒ Yes ☐ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2030-02-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
4.25000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 23

Item C.1. Identification of investment.

a. Name of issuer (if any).
Hyatt Hotels Corp
b. LEI (if any) of issuer. (1)
T27JQIMTYSH41TCD5186
c. Title of the issue or description of the investment.
Hyatt Hotels Corp.
d. CUSIP (if any).
448579AJ1
At least one of the following other identifiers:
- ISIN
US448579AJ19

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
504000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
529710.31000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
3.305856411792

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2030-04-23
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
5.75000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 24

Item C.1. Identification of investment.

a. Name of issuer (if any).
Ingersoll Rand Inc
b. LEI (if any) of issuer. (1)
5299004C02FMZCUOIR50
c. Title of the issue or description of the investment.
Ingersoll Rand, Inc.
d. CUSIP (if any).
45687VAB2
At least one of the following other identifiers:
- ISIN
US45687VAB27

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
504000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
539504.34000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
3.366979739508

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2033-08-14
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
5.70000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 25

Item C.1. Identification of investment.

a. Name of issuer (if any).
Iron Mountain Inc
b. LEI (if any) of issuer. (1)
SQL3F6CKNNBM3SQGHX24
c. Title of the issue or description of the investment.
Iron Mountain, Inc.
d. CUSIP (if any).
46284VAC5
At least one of the following other identifiers:
- ISIN
US46284VAC54

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
286000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
286064.04000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.785290229327

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☒ Yes ☐ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2027-09-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
4.87500000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 26

Item C.1. Identification of investment.

a. Name of issuer (if any).
Jpmorgan Chase & Co
b. LEI (if any) of issuer. (1)
8I5DZWZKVSZI1NUHU748
c. Title of the issue or description of the investment.
JPMorgan Chase & Co.
d. CUSIP (if any).
46625HNJ5
At least one of the following other identifiers:
- ISIN
US46625HNJ58

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
175000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
176302.43000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.100281621156

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2027-10-01
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
4.25000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 27

Item C.1. Identification of investment.

a. Name of issuer (if any).
Johnson Controls/tyco Fi
b. LEI (if any) of issuer. (1)
549300XQ6S1GYKGBL205
c. Title of the issue or description of the investment.
Johnson Controls International PLC / Tyco Fire & Security Finance SCA
d. CUSIP (if any).
47837RAE0
At least one of the following other identifiers:
- ISIN
US47837RAE09

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
206000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
211930.53000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.322632178813

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
IRELAND
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2032-12-01
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
4.90000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 28

Item C.1. Identification of investment.

a. Name of issuer (if any).
Kinetik Holdings Lp
b. LEI (if any) of issuer. (1)
549300RD6AJIMYC0HY12
c. Title of the issue or description of the investment.
Kinetik Holdings LP
d. CUSIP (if any).
49461MAB6
At least one of the following other identifiers:
- ISIN
US49461MAB63

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
587000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
605458.22000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
3.778589732677

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☒ Yes ☐ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2028-12-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
6.62500000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 29

Item C.1. Identification of investment.

a. Name of issuer (if any).
Lennar Corp
b. LEI (if any) of issuer. (1)
529900G61XVRLX5TJX09
c. Title of the issue or description of the investment.
Lennar Corp.
d. CUSIP (if any).
526057CY8
At least one of the following other identifiers:
- ISIN
US526057CY87

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
180000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
186456.73000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.163653349304

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2030-07-30
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
5.20000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 30

Item C.1. Identification of investment.

a. Name of issuer (if any).
Mplx Lp
b. LEI (if any) of issuer. (1)
5493000CZJ19CK4P3G36
c. Title of the issue or description of the investment.
MPLX LP
d. CUSIP (if any).
55336VCB4
At least one of the following other identifiers:
- ISIN
US55336VCB45

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
176000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
178911.81000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.116566438425

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2033-01-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
5.00000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 31

Item C.1. Identification of investment.

a. Name of issuer (if any).
Marriott International
b. LEI (if any) of issuer. (1)
225YDZ14ZO8E1TXUSU86
c. Title of the issue or description of the investment.
Marriott International, Inc.
d. CUSIP (if any).
571903AY9
At least one of the following other identifiers:
- ISIN
US571903AY99

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
337000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
338096.40000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
2.110017741100

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2028-04-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
4.00000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 32

Item C.1. Identification of investment.

a. Name of issuer (if any).
Microchip Technology Inc
b. LEI (if any) of issuer. (1)
5493007PTFULNYZJ1R12
c. Title of the issue or description of the investment.
Microchip Technology, Inc.
d. CUSIP (if any).
595017BL7
At least one of the following other identifiers:
- ISIN
US595017BL79

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
206000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
211585.95000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.320481697727

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2030-02-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
5.05000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 33

Item C.1. Identification of investment.

a. Name of issuer (if any).
Oneok Inc
b. LEI (if any) of issuer. (1)
2T3D6M0JSY48PSZI1Q41
c. Title of the issue or description of the investment.
ONEOK, Inc.
d. CUSIP (if any).
682680DC4
At least one of the following other identifiers:
- ISIN
US682680DC47

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
176000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
179772.79000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.121939707927

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2035-10-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
5.40000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 34

Item C.1. Identification of investment.

a. Name of issuer (if any).
Pnc Financial Services
b. LEI (if any) of issuer. (1)
CFGNEKW0P8842LEUIA51
c. Title of the issue or description of the investment.
PNC Financial Services Group, Inc.
d. CUSIP (if any).
693475BF1
At least one of the following other identifiers:
- ISIN
US693475BF18

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
364000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
370810.44000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
2.314182011359

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
9999-12-31
b. Coupon.
i. Coupon category. (13)
Variable
ii. Annualized rate.
6.20000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 35

Item C.1. Identification of investment.

a. Name of issuer (if any).
Ppg Industries Inc
b. LEI (if any) of issuer. (1)
549300BKPEP01R3V6C59
c. Title of the issue or description of the investment.
PPG Industries, Inc.
d. CUSIP (if any).
693506BY2
At least one of the following other identifiers:
- ISIN
US693506BY26

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
218000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
219491.63000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.369820067067

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2031-03-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
4.37500000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 36

Item C.1. Identification of investment.

a. Name of issuer (if any).
Phillips 66 Co
b. LEI (if any) of issuer. (1)
RVJMT2IZVVSKIRJJBH76
c. Title of the issue or description of the investment.
Phillips 66 Co.
d. CUSIP (if any).
718547AU6
At least one of the following other identifiers:
- ISIN
US718547AU68

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
291000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
304743.69000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.901867610505

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2031-06-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
5.25000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 37

Item C.1. Identification of investment.

a. Name of issuer (if any).
Public Service Enterpris
b. LEI (if any) of issuer. (1)
PUSS41EMO3E6XXNV3U28
c. Title of the issue or description of the investment.
Public Service Enterprise Group, Inc.
d. CUSIP (if any).
744573AV8
At least one of the following other identifiers:
- ISIN
US744573AV86

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
336000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
346659.95000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
2.163461795597

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2027-11-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
5.85000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 38

Item C.1. Identification of investment.

a. Name of issuer (if any).
Royal Bank Of Canada
b. LEI (if any) of issuer. (1)
ES7IP3U3RHIGC71XBU11
c. Title of the issue or description of the investment.
Royal Bank of Canada
d. CUSIP (if any).
78016FZU1
At least one of the following other identifiers:
- ISIN
US78016FZU10

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
311000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
321971.01000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
2.009381180101

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
CANADA (FEDERAL LEVEL)
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2027-11-01
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
6.00000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 39

Item C.1. Identification of investment.

a. Name of issuer (if any).
Southern Calif Gas Co
b. LEI (if any) of issuer. (1)
XY0N0J73VHV5F4CUJV89
c. Title of the issue or description of the investment.
Southern California Gas Co.
d. CUSIP (if any).
842434CZ3
At least one of the following other identifiers:
- ISIN
US842434CZ32

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
297000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
309646.70000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.932466688415

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2033-06-01
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
5.20000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 40

Item C.1. Identification of investment.

a. Name of issuer (if any).
Textron Inc
b. LEI (if any) of issuer. (1)
3PPKBHUG1HD6BO7RNR87
c. Title of the issue or description of the investment.
Textron, Inc.
d. CUSIP (if any).
883203CE9
At least one of the following other identifiers:
- ISIN
US883203CE97

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
206000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
217249.52000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.355827336362

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2035-05-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
5.50000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 41

Item C.1. Identification of investment.

a. Name of issuer (if any).
United Mexican States
b. LEI (if any) of issuer. (1)
254900EGTWEU67VP6075
c. Title of the issue or description of the investment.
Mexico Government International Bond
d. CUSIP (if any).
91087BBB5
At least one of the following other identifiers:
- ISIN
US91087BBB53

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
151000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
158414.10000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.988642770051

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
MEXICO
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2030-05-13
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
6.00000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 42

Item C.1. Identification of investment.

a. Name of issuer (if any).
Us Treasury N/b
b. LEI (if any) of issuer. (1)
254900HROIFWPRGM1V77
c. Title of the issue or description of the investment.
U.S. Treasury Bond
d. CUSIP (if any).
912810PT9
At least one of the following other identifiers:
- ISIN
US912810PT97

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
364000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
388939.69000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
2.427324414333

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
U.S. Treasury

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2037-02-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
4.75000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 43

Item C.1. Identification of investment.

a. Name of issuer (if any).
Us Treasury N/b
b. LEI (if any) of issuer. (1)
254900HROIFWPRGM1V77
c. Title of the issue or description of the investment.
U.S. Treasury Bond
d. CUSIP (if any).
912810TL2
At least one of the following other identifiers:
- ISIN
US912810TL26

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
661000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
594086.66000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
3.707621235692

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
U.S. Treasury

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2052-11-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
4.00000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 44

Item C.1. Identification of investment.

a. Name of issuer (if any).
Us Treasury N/b
b. LEI (if any) of issuer. (1)
254900HROIFWPRGM1V77
c. Title of the issue or description of the investment.
U.S. Treasury Bond
d. CUSIP (if any).
912810TR9
At least one of the following other identifiers:
- ISIN
US912810TR95

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
379000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
318078.71000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.985089818070

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
U.S. Treasury

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2053-05-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
3.62500000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 45

Item C.1. Identification of investment.

a. Name of issuer (if any).
Us Treasury N/b
b. LEI (if any) of issuer. (1)
254900HROIFWPRGM1V77
c. Title of the issue or description of the investment.
U.S. Treasury Bond
d. CUSIP (if any).
912810TW8
At least one of the following other identifiers:
- ISIN
US912810TW80

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
1827000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
1881096.34000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
11.73968918367

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
U.S. Treasury

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2043-11-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
4.75000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 46

Item C.1. Identification of investment.

a. Name of issuer (if any).
Us Treasury N/b
b. LEI (if any) of issuer. (1)
254900HROIFWPRGM1V77
c. Title of the issue or description of the investment.
U.S. Treasury Bond
d. CUSIP (if any).
91282CKQ3
At least one of the following other identifiers:
- ISIN
US91282CKQ32

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
809000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
840064.34000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
5.242737459097

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
U.S. Treasury

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2034-05-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
4.37500000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 47

Item C.1. Identification of investment.

a. Name of issuer (if any).
Verizon Communications
b. LEI (if any) of issuer. (1)
2S72QS2UO2OESLG6Y829
c. Title of the issue or description of the investment.
Verizon Communications, Inc.
d. CUSIP (if any).
92343VHF4
At least one of the following other identifiers:
- ISIN
US92343VHF40

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
218000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
221149.10000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.380164131970

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2033-01-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
4.75000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 48

Item C.1. Identification of investment.

a. Name of issuer (if any).
Vistra Operations Co Llc
b. LEI (if any) of issuer. (1)
549300ZH5GKBTJZ7NM23
c. Title of the issue or description of the investment.
Vistra Operations Co. LLC
d. CUSIP (if any).
92840VAP7
At least one of the following other identifiers:
- ISIN
US92840VAP76

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
307000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
324569.61000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
2.025598720726

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☒ Yes ☐ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2031-10-15
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
7.75000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 49

Item C.1. Identification of investment.

a. Name of issuer (if any).
Williams Companies Inc
b. LEI (if any) of issuer. (1)
D71FAKCBLFS2O0RBPG08
c. Title of the issue or description of the investment.
Williams Cos., Inc.
d. CUSIP (if any).
969457CS7
At least one of the following other identifiers:
- ISIN
US969457CS75

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
170000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
174681.13000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.090163288741

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☐ 1 ☒ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2035-09-30
b. Coupon.
i. Coupon category. (13)
Fixed
ii. Annualized rate.
5.30000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 50

Item C.1. Identification of investment.

a. Name of issuer (if any).
State Street Institutional Treasury Plus Money Market Fund
b. LEI (if any) of issuer. (1)
549300PNASLVKQG64331
c. Title of the issue or description of the investment.
State Street Institutional Treasury Plus Money Market Fund
d. CUSIP (if any).
857492862
At least one of the following other identifiers:
- ISIN
US8574928623

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
299584.90000000
b. Units
Number of shares
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
299584.90000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
1.869672241307

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Short-term investment vehicle (e.g., money market fund, liquidity pool, or other cash management vehicle)
b. Issuer type. (7)
Registered fund

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No

NPORT-P: Part E: Explanatory Notes (if any)

The Fund may provide any information it believes would be helpful in understanding the information reported in response to any Item of this Form. The Fund may also explain any assumptions that it made in responding to any Item of this Form. To the extent responses relate to a particular Item, provide the Item number(s), as applicable.

NPORT-P: Additional notes

IdentifierNote
(1) LEI (if any) of issuer. In the case of a holding in a fund that is a series of a series trust, report the LEI of the series.
(2) Balance. Indicate whether amount is expressed in number of shares, principal amount, or other units. For derivatives contracts, as applicable, provide the number of contracts.
(3) Currency. Indicate the currency in which the investment is denominated.
(4) Value. Report values in U.S. dollars. If currency of investment is not denominated in U.S. dollars, provide the exchange rate used to calculate value.
(5) Indicate payoff profile among the following categories (long, short, N/A). For derivatives, respond N/A to this Item and respond to the relevant payoff profile question in Item [C/D].11.
(6) Asset type (short-term investment vehicle (e.g., money market fund, liquidity pool, or other cash management vehicle), repurchase agreement, equity-common, equity-preferred, debt, derivative-commodity, derivative-credit, derivative-equity, derivative-foreign exchange, derivative-interest rate, derivatives-other, structured note, loan, ABS-mortgage backed security, ABS-asset backed commercial paper, ABS-collateralized bond/debt obligation, ABS-other, commodity, real estate, other). If “other” provide a brief description.
(7) Issuer type (corporate, U.S. Treasury, U.S. government agency, U.S. government sponsored entity, municipal, non-U.S. sovereign, private fund, registered fund, other). If “other” provide a brief description.
(8) Report the ISO country code that corresponds to the country where the issuer is organized.
(9) If different from the country where the issuer is organized, also report the ISO country code that corresponds to the country of investment or issuer based on the concentrations of the risk and economic exposure of the investments.
(10) Liquidity classification information. For portfolio investments of open-end management investment companies, provide the liquidity classification(s) for each portfolio investment among the following categories as specified in rule 22e-4 [17 CFR 270.22e-4]: Highly Liquid Investments, Moderately Liquid Investments, Less Liquid Investments, Illiquid Investments. For portfolio investments with multiple liquidity classifications, indicate the percentage amount attributable to each classification.
(11) Funds may choose to indicate the percentage amount of a holding attributable to multiple classification categories only in the following circumstances:
(1) if portions of the position have differing liquidity features that justify treating the portions separately;
(2) if a fund has multiple sub-advisers with differing liquidity views; or
(3) if the fund chooses to classify the position through evaluation of how long it would take to liquidate the entire position (rather than basing it on the sizes it would reasonably anticipated trading).
In (1) and (2), a fund would classify using the reasonably anticipated trade size for each portion of the position.
(12) Indicate the level within the fair value hierarchy in which the fair value measurements fall pursuant to U.S. Generally Accepted Accounting Principles 7 (ASC 820, Fair Value Measurement). [1/2/3] Report "N/A" if the investment does not have a level associated with it (i.e., net asset value used as the practical expedient).
(13) Select the category that most closely reflects the coupon type among the following (fixed, floating, variable, none).
(14) Are there any interest payments in arrears or have any coupon payments been legally deferred by the issuer? [Y/N]
(15) Enter "N" if the interest may be paid in kind but is not actually paid in kind or if the Fund has the option of electing in-kind payment and has elected to be paid in-kind.
(16) Description of the reference instrument, including the name of issuer, title of issue, and currency in which denominated, as well as CUSIP of reference instrument, ISIN (if CUSIP is not available), ticker (if CUSIP and ISIN are not available), or other identifier (if CUSIP, ISIN, and ticker are not available).
If other identifier provided, indicate the type of identifier used.
(17) Conversion ratio per US$1000 notional, or, if bond currency is not in U.S. dollars, per 1000 units of the relevant currency, indicating the relevant currency. If there is more than one conversion ratio, provide each conversion ratio.
(18) Select the category that reflects the transaction (repurchase, reverse repurchase). Select "repurchase agreement" if the Fund is the cash lender and receives collateral. Select "reverse repurchase agreement" if the Fund is the cash borrower and posts collateral.
(19) If multiple securities of an issuer are subject to the repurchase agreement, those securities may be aggregated.
(20) Category of investments that most closely represents the collateral, selected from among the following (asset-backed securities; agency collateralized mortgage obligations; agency debentures and agency strips; agency mortgage-backed securities; private label collateralized mortgage obligations; corporate debt securities; equities; money market; U.S. Treasuries (including strips); other instrument). If "other instrument", include a brief description, including, if applicable, whether it is a collateralized debt obligation, municipal debt, whole loan, or international debt
(21) Type of derivative instrument that most closely represents the investment, selected from among the following (forward, future, option, swaption, swap (including but not limited to total return swaps, credit default swaps, and interest rate swaps), warrant, other).
(22) In the case of a holding in a fund that is a series of a series trust, report the LEI of the series.
(23) Description and terms of payments necessary for a user of financial information to understand the terms of payments to be paid and received, including, as applicable, description of the reference instrument, obligation, or index, financing rate, floating coupon rate, fixed coupon rate, and payment frequency.
(24) Depreciation shall be reported as a negative number.
(25) If the reference instrument is a derivative, indicate the category of derivative from among the categories listed in sub-Item C.11.a. and provide all information required to be reported on this Form for that category.
(26) If the reference instrument is an index or custom basket, and if the index’s or custom basket’s components are publicly available on a website and are updated on that website no less frequently than quarterly, identify the index and provide the index identifier, if any. If the index’s or custom basket’s components are not publicly available in that manner, and the notional amount of the derivative represents 1% or less of the net asset value of the Fund, provide a narrative description of the index. If the index’s or custom basket’s components are not publicly available in that manner, and the notional amount of the derivative represents more than 5% of the net asset value of the Fund, provide the (i) name, (ii) identifier, (iii) number of shares or notional amount or contract value as of the trade date (all of which would be reported as negative for short positions), and (iv) value of every component in the index or custom basket. The identifier shall include CUSIP of the index’s or custom basket’s components, ISIN (if CUSIP is not available), ticker (if CUSIP and ISIN are not available), or other identifier (if CUSIP, ISIN, and ticker are not available). If other identifier provided, indicate the type of identifier used.

If the index’s or custom basket’s components are not publicly available in that manner, and the notional amount of the derivative represents greater than 1%, but 5% or less, of the net asset value of the Fund, Funds shall report the required component information described above, but may limit reporting to the (i) 50 largest components in the index and (ii) any other components where the notional value for that components is over 1% of the notional value of the index or custom basket.
An index or custom basket, where the components are publicly available on a website and are updated on that website no less frequently than quarterly.
(27) If the index’s or custom basket’s components are not publicly available in that manner, and the notional amount of the derivative represents 1% or less of the net asset value of the Fund, provide a narrative description of the index.
(28) If the reference instrument is neither a derivative or an index, the description of the reference instrument shall include the name of issuer and title of issue, as well as CUSIP of the reference instrument, ISIN (if CUSIP is not available), ticker if (CUSIP and ISIN are not available), or other identifier (if CUSIP, ISIN, and ticker are not available).
(29) If the Fund is required to adopt a policy as described in rule 35d-1(a)(2)(i) or (a)(3)(i) [17 CFR 270.35d-1(a)(2)(i) or (3)(i)], is the investment included in the Fund’s 80% basket, as defined in rule 35d-1(g), as applicable?

NPORT-P: Signatures

The Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Registrant:
ALPS ETF TRUST
By (Signature):
Erich Rettinger
Name:
Erich Rettinger
Title:
Treasurer
Date:
2026-03-30

ALPS ETF Trust

 

Schedules of Investments

(Unaudited)

 

February 28, 2026

 

 

 

Alerian Energy Infrastructure ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Shares   Value 
CANADIAN ENERGY INFRASTRUCTURE COMPANIES (28.26%)          
Gathering + Processing (4.81%)          
Keyera Corp.   503,017   $19,198,024 
           
Pipeline Transportation | Natural Gas (4.86%)          
TC Energy Corp.   301,504    19,373,795 
           
Pipeline Transportation | Petroleum (16.65%)          
Enbridge, Inc.(a)   612,984    32,566,952 
Pembina Pipeline Corp.   433,475    19,051,227 
South Bow Corp.(a)   458,311    14,736,645 
Total Pipeline Transportation | Petroleum        66,354,824 
           
Storage (1.94%)          
Gibson Energy, Inc.   359,784    7,730,852 
           
TOTAL CANADIAN ENERGY INFRASTRUCTURE COMPANIES          
(Cost $86,875,598)        112,657,495 

 

Security Description  Shares   Value 
EXCHANGE TRADED FUND (0.39%)
Exchange Traded Fund (0.39%)        
Energy Select Sector SPDR ETF   28,065    1,569,395 
           
TOTAL EXCHANGE TRADED FUND          
(Cost $1,569,605)        1,569,395 

 

Security Description  Shares   Value 
U.S. ENERGY INFRASTRUCTURE COMPANIES (29.07%)          
Energy (1.87%)          
Venture Global, Inc.   770,120    7,462,463 
           
Gathering + Processing (5.41%)          
Targa Resources Corp.   91,447    21,563,203 
           
Liquefaction (5.62%)          
Cheniere Energy, Inc.   88,553    20,874,599 
NextDecade Corp.(a)(b)   281,068    1,514,956 
Total Liquefaction        22,389,555 
           
Pipeline Transportation | Natural Gas (16.17%)          
DT Midstream, Inc.   142,008    19,716,391 
Kinder Morgan, Inc.   632,970    21,058,912 
Kinetik Holdings, Inc.   100,927    4,591,169 
Security Description  Shares   Value 
Pipeline Transportation | Natural Gas (continued)          
ONEOK, Inc.   230,595   $19,086,348 
Total Pipeline Transportation | Natural Gas        64,452,820 
           
TOTAL U.S. ENERGY INFRASTRUCTURE COMPANIES          
(Cost $75,834,770)        115,868,041 

 

Security Description  Shares   Value 
U.S. ENERGY INFRASTRUCTURE MLPS (26.58%)          
Gathering + Processing (6.19%)          
Delek Logistics Partners LP   23,739    1,232,766 
Hess Midstream LP, Class A   283,489    10,965,355 
Western Midstream Partners LP   299,850    12,470,761 
Total Gathering + Processing        24,668,882 
           
Pipeline Transportation | Natural Gas (15.18%)          
Energy Transfer LP   1,689,143    31,823,454 
Enterprise Products Partners LP   793,205    28,666,429 
Total Pipeline Transportation | Natural Gas        60,489,883 
           
Pipeline Transportation | Petroleum (5.21%)          
Genesis Energy LP   131,853    2,381,265 
MPLX LP   312,107    18,395,587 
Total Pipeline Transportation | Petroleum        20,776,852 
           
TOTAL U.S. ENERGY INFRASTRUCTURE MLPS          
(Cost $86,702,326)        105,935,617 

 

Security Description  Shares   Value 
U.S. GENERAL PARTNERS (15.46%)          
Gathering + Processing (10.55%)          
Antero Midstream Corp.   733,713    16,493,868 
The Williams Cos., Inc.   342,235    25,571,799 
Total Gathering + Processing        42,065,667 
           
Pipeline Transportation | Petroleum (4.91%)          
Plains GP Holdings LP, Class A   867,644    19,556,696 
           
TOTAL U.S. GENERAL PARTNERS          
(Cost $40,183,561)        61,622,363 

   

 

    7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (1.87%)
Money Market Fund (0.13%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)               
(Cost $513,990)   3.63%   513,990   $513,990 
                
                
Investments Purchased with Collateral from Securities Loaned (1.74%)               
State Street Navigator Securities Lending Government Money Market Portfolio, 3.70%               
(Cost $6,936,118)        6,936,118   $6,936,118 
TOTAL SHORT TERM INVESTMENTS
(Cost $7,450,108)             7,450,108 
                
TOTAL INVESTMENTS (101.63%)
(Cost $298,615,968)            $405,103,019 
LIABILITIES IN EXCESS OF OTHER ASSETS (-1.63%)             (6,511,161)
NET ASSETS - 100.00%            $398,591,858 

 

(a) Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $8,052,993.
(b) Non-income producing security.

 

See Notes to Quarterly Schedule of Investments.

   

 

Alerian MLP ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Shares   Value 
MASTER LIMITED PARTNERSHIPS (107.65%)          
Compression (4.15%)          
USA Compression Partners LP(a)   17,989,096   $491,462,103 
           
Gathering + Processing (22.24%)          
Hess Midstream LP, Class A(a)   30,270,258    1,170,853,579 
Western Midstream Partners LP(a)   35,092,771    1,459,508,346 
Total Gathering + Processing        2,630,361,925 
           
Liquefaction (4.90%)          
Cheniere Energy Partners LP   9,456,744    579,698,407 
           
Marketing & Distribution (18.61%)          
Global Partners LP(a)   6,081,241    285,696,702 
Suburban Propane Partners LP(a)   15,255,485    309,686,346 
Sunoco LP(a)   25,182,585    1,606,397,097 
Total Marketing & Distribution        2,201,780,145 
           
Pipeline Transportation | Natural Gas (25.96%)          
Energy Transfer LP   82,428,641    1,552,955,596 
Enterprise Products Partners LP   41,989,570    1,517,503,060 
Total Pipeline Transportation | Natural Gas        3,070,458,656 
           
Pipeline Transportation | Petroleum (31.79%)          
Delek Logistics Partners LP(a)   4,517,622    234,600,110 
Genesis Energy LP(a)   25,067,267    452,714,842 
MPLX LP   24,829,986    1,463,479,375 
Plains All American Pipeline LP(a)   76,971,691    1,609,478,059 
Total Pipeline Transportation | Petroleum        3,760,272,386 
           
TOTAL MASTER LIMITED PARTNERSHIPS          
(Cost $5,301,832,636)        12,734,033,622 
    7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (0.03%)
Money Market Fund (0.03%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)   3.63%   3,166,201   $3,166,201 
                
TOTAL SHORT TERM INVESTMENTS
(Cost $3,166,201)             3,166,201 
                
TOTAL INVESTMENTS (107.68%)
(Cost $5,304,998,837)            $12,737,199,823 
LIABILITIES IN EXCESS OF OTHER ASSETS (-7.68%)             (907,928,646)
NET ASSETS - 100.00%            $11,829,271,177 

  

(a)Affiliated Company. See Note 6 in Notes to Quarterly Schedule of Investments.

  

See Notes to Quarterly Schedule of Investments.

   

 

ALPS Active Equity Opportunity ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Shares   Value 
COMMON STOCKS (96.69%)          
Communication Services (8.80%)          
Alphabet, Inc., Class A   4,442   $1,384,838 
Meta Platforms, Inc., Class A   1,248    808,929 
Walt Disney Co.   2,715    287,898 
Total Communication Services        2,481,665 
           
Consumer Discretionary (9.17%)          
Amazon.com, Inc.(a)   4,791    1,006,110 
Lowe's Cos., Inc.   1,275    337,327 
Marriott International, Inc., Class A   903    308,582 
McDonald's Corp.   1,059    361,183 
O'Reilly Automotive, Inc.(a)   3,472    325,951 
Tesla, Inc.(a)   614    247,141 
Total Consumer Discretionary        2,586,294 
           
Consumer Staples (3.27%)          
Costco Wholesale Corp.   356    359,841 
Walmart, Inc.   4,389    561,573 
Total Consumer Staples        921,414 
           
Energy (3.04%)          
Baker Hughes Co.   5,247    342,419 
ConocoPhillips   2,951    334,821 
Enbridge, Inc.(b)   3,374    179,294 
Total Energy        856,534 
           
Financials (12.06%)          
American Express Co.   1,966    607,297 
Goldman Sachs Group, Inc.   691    593,963 
Intercontinental Exchange, Inc.   2,167    355,670 
JPMorgan Chase & Co.   2,395    719,219 
Mastercard, Inc., Class A   907    469,110 
S&P Global, Inc.   663    292,966 
Wells Fargo & Co.   4,421    360,090 
Total Financials        3,398,315 
           
Health Care (14.39%)          
Boston Scientific Corp.(a)   3,575    274,739 
Eli Lilly & Co.   365    383,976 
Gilead Sciences, Inc.   3,104    462,341 
HCA Healthcare, Inc.   758    401,513 
IQVIA Holdings, Inc.(a)   1,478    264,281 
Johnson & Johnson   4,511    1,120,668 
Merck & Co., Inc.   2,020    250,116 
Thermo Fisher Scientific, Inc.   884    460,661 
Vertex Pharmaceuticals, Inc.(a)   885    439,695 
Total Health Care        4,057,990 
           
Industrials (11.71%)          
Caterpillar, Inc.   1,434    1,065,218 
Deere & Co.   790    497,471 
Old Dominion Freight Line, Inc.(b)   1,310    265,996 
RTX Corp.   2,139    433,404 
Security Description  Shares   Value 
Industrials (continued)          
Schneider Electric SE, ADR(b)   5,655   $368,763 
Trane Technologies PLC   635    293,573 
Waste Management, Inc.   1,568    377,637 
Total Industrials        3,302,062 
           
Information Technology (26.49%)          
Amphenol Corp., Class A   4,647    678,741 
Apple, Inc.   3,755    991,996 
Corning, Inc.   3,682    553,699 
International Business Machines Corp.   1,026    246,455 
Lam Research Corp.   2,583    604,138 
Microsoft Corp.   3,015    1,184,111 
Motorola Solutions, Inc.   685    330,348 
NVIDIA Corp.   5,671    1,004,844 
QUALCOMM, Inc.   1,377    196,030 
Synopsys, Inc.(a)   445    184,230 
Taiwan Semiconductor Manufacturing Co., Ltd., ADR   3,026    1,133,479 
TE Connectivity PLC   1,565    360,185 
Total Information Technology        7,468,256 
           
Materials (2.39%)          
Freeport-McMoRan, Inc.   4,903    333,796 
Linde PLC   669    339,906 
Total Materials        673,702 
           
Real Estate (2.19%)          
Equity LifeStyle Properties, Inc.   4,327    290,601 
Welltower, Inc.   1,575    326,214 
Total Real Estate        616,815 
           
Utilities (3.18%)          
Alliant Energy Corp.   3,920    283,573 
Duke Energy Corp.   2,387    312,339 
NRG Energy, Inc.   1,683    301,189 
Total Utilities        897,101 
           
TOTAL COMMON STOCKS          
(Cost $20,649,128)        27,260,148 

   

 

    7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (5.29%)
Money Market Fund (3.25%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)               
(Cost $917,478)   3.63%   917,478   $917,478 
                
Investments Purchased with Collateral from Securities Loaned (2.04%)               
State Street Navigator Securities Lending Government Money Market Portfolio, 3.70%               
(Cost $574,622)        574,622   $574,622 
TOTAL SHORT TERM INVESTMENTS
(Cost $1,492,100)             1,492,100 
                
TOTAL INVESTMENTS (101.98%)
(Cost $22,141,228)            $28,752,248 
LIABILITIES IN EXCESS OF OTHER ASSETS (-1.98%)             (557,192)
NET ASSETS - 100.00%            $28,195,056 

  

(a) Non-income producing security.
(b) Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $732,583.

 

See Notes to Quarterly Schedule of Investments.

   

 

ALPS Active REIT ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Shares   Value 
COMMON STOCKS (98.81%)          
Data Center REITs (15.18%)          
Digital Realty Trust, Inc.   12,597   $2,232,188 
Equinix, Inc.   5,503    5,361,353 
Total Data Center REITs        7,593,541 
           
Diversified REITs (4.46%)          
Broadstone Net Lease, Inc.   50,653    982,162 
Essential Properties Realty Trust, Inc.   36,782    1,248,381 
Total Diversified REITs        2,230,543 
           
Health Care REITs (19.23%)          
Alexandria Real Estate Equities, Inc.(a)   13,532    731,269 
CareTrust REIT, Inc.   31,640    1,285,217 
Sabra Health Care REIT, Inc.   47,314    972,303 
Ventas, Inc.   23,775    2,048,454 
Welltower, Inc.   22,089    4,575,073 
Total Health Care REITs        9,612,316 
           
Hotel & Resort REITs (2.61%)          
Host Hotels & Resorts, Inc.   66,685    1,306,359 
           
Industrial REITs (14.00%)          
First Industrial Realty Trust, Inc.   16,127    1,018,259 
Lineage, Inc.   13,247    536,768 
Prologis, Inc.   32,905    4,691,266 
Terreno Realty Corp.   11,329    748,394 
Total Industrial REITs        6,994,687 
           
Multi-Family Residential REITs (7.81%)          
AvalonBay Communities, Inc.   7,682    1,361,481 
Camden Property Trust   7,971    863,578 
Essex Property Trust, Inc.   6,579    1,678,369 
Total Multi-Family Residential REITs        3,903,428 
           
Office REITs (1.51%)          
BXP, Inc.(a)   13,101    754,356 
           
Other Specialized REITs (5.59%)          
Gaming and Leisure Properties, Inc.   22,250    1,088,248 
VICI Properties, Inc.   56,383    1,703,330 
Total Other Specialized REITs        2,791,578 
           
Retail REITs (14.82%)          
Curbline Properties Corp.   39,081    1,086,843 
InvenTrust Properties Corp.   38,841    1,211,839 
Macerich Co.   65,225    1,335,156 
Realty Income Corp.   23,288    1,560,296 
Security Description  Shares   Value 
Retail REITs (continued)          
Simon Property Group, Inc.   10,847   $2,211,161 
Total Retail REITs        7,405,295 
           
Self-Storage REITs (6.32%)          
CubeSmart   25,695    1,057,092 
Extra Space Storage, Inc.   13,897    2,098,864 
Total Self-Storage REITs        3,155,956 
           
Single-Family Residential REITs (5.04%)          
Equity LifeStyle Properties, Inc.   18,673    1,254,079 
Invitation Homes, Inc.   47,948    1,262,950 
Total Single-Family Residential REITs        2,517,029 
           
Telecom Tower REITs (2.24%)          
American Tower Corp.   5,848    1,121,997 
           
TOTAL COMMON STOCKS          
(Cost $43,721,701)        49,387,085 

 

    7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (1.13%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)   3.63%   563,877   $563,877 
                
TOTAL SHORT TERM INVESTMENTS
(Cost $563,877)             563,877 
                
TOTAL INVESTMENTS (99.94%)
(Cost $44,285,578)            $49,950,962 
OTHER ASSETS IN EXCESS OF LIABILITIES (0.06%)             27,619 
NET ASSETS - 100.00%            $49,978,581 

  

(a)Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $1,329,269.

  

See Notes to Quarterly Schedule of Investments.

   

 

ALPS | Intermediate Municipal Bond ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Principal
Amount		   Value 
GOVERNMENT BONDS (9.71%)          
United States Treasury Bill          
3.75%, 03/17/2026  $2,600,000   $2,596,078 
3.76%, 03/24/2026   1,200,000    1,197,351 
3.72%, 03/26/2026   1,200,000    1,197,099 
           
TOTAL GOVERNMENT BONDS          
(Cost $4,990,050)        4,990,528 

 

Security Description  Principal
Amount		   Value 
MUNICIPAL BONDS (91.96%)          
General Obligation Limited (0.98%)          
Pennsylvania (0.98%)          
School District of Philadelphia          
5.00%, 09/01/2034   500,000    505,712 
Total Pennsylvania        505,712 
           
Total General Obligation Limited        505,712 
           
General Obligation Unlimited (16.56%)          
California (4.43%)          
Allan Hancock Joint Community College District          
0.00%, 08/01/2042(a)   350,000    325,976 
Antelope Valley Community College District          
5.00%, 08/01/2036(b)   295,000    348,510 
Chino Valley Unified School District          
0.00%, 08/01/2035(a)   245,000    179,135 
Fremont Unified School District/Alameda County CA          
5.00%, 08/01/2036(b)   150,000    182,414 
Lake Tahoe Unified School District          
0.00%, 08/01/2045(a)   150,000    139,430 
Mt San Antonio Community College District          
0.00%, 08/01/2043(a)   365,000    382,149 
San Mateo County Community College District          
0.00%, 09/01/2035(a)   110,000    84,787 
San Mateo Union High School District          
0.00%, 09/01/2041(a)   570,000    639,447 
Total California        2,281,848 
           
Michigan (0.42%)          
Warren Consolidated Schools          
5.00%, 05/01/2026   215,000    215,905 
Total Michigan        215,905 
Security Description  Principal
Amount		   Value 
General Obligation Unlimited (continued)          
Minnesota (1.81%)          
Morris Area Schools Independent School District No 2769          
0.00%, 02/01/2033(a)  $750,000   $613,170 
St Cloud Independent School District No 742          
0.00%, 02/01/2038(a)   500,000    314,781 
Total Minnesota        927,951 
           
Oregon (3.69%)          
Clackamas & Washington Counties School District No 3          
0.00%, 06/15/2036(a)   600,000    403,201 
Multnomah County School District No 40          
0.00%, 06/15/2043(a)   1,000,000    449,271 
Oregon Coast Community College District          
5.00%, 06/15/2040   400,000    455,540 
Washington & Multnomah Counties School District No 48J Beaverton          
0.00%, 06/15/2034(a)   200,000    144,199 
0.00%, 06/15/2041(a)   150,000    77,597 
0.00%, 06/15/2042(a)   750,000    366,281 
Total Oregon        1,896,089 
           
South Carolina (1.31%)          
Orangeburg County School District          
5.00%, 08/13/2026   660,000    667,805 
Total South Carolina        667,805 
           
Texas (3.68%)          
Cedar Hill Independent School District          
5.00%, 02/15/2037   200,000    230,223 
El Paso Independent School District          
5.00%, 08/15/2038(b)   250,000    283,521 
5.00%, 08/15/2039(b)   400,000    449,241 
Fort Bend Independent School District          
0.72%, 08/01/2051   65,000    64,305 
4.00%, 08/01/2054   150,000    153,294 
3.80%, 08/01/2055   300,000    308,822 
North East Independent School District          
3.75%, 08/01/2049   395,000    401,273 
Total Texas        1,890,679 

   

 

Security Description  Principal
Amount		   Value 
General Obligation Unlimited (continued)          
Washington (0.91%)          
Washington Clackamas & Yamhill Counties School District No 88J          
0.00%, 06/15/2037(a)  $150,000   $91,624 
0.00%, 06/15/2039(a)   255,000    141,231 
0.00%, 06/15/2040(a)   200,000    110,532 
0.00%, 06/15/2041(a)   250,000    125,601 
Total Washington        468,988 
           
Wisconsin (0.31%)          
State of Wisconsin          
5.00%, 05/01/2030(b)   150,000    161,407 
Total Wisconsin        161,407 
           
Total General Obligation Unlimited        8,510,672 
           
Revenue Bonds (74.42%)          
Alabama (4.27%)          
Black Belt Energy Gas District          
7D US MUNI + 0.65%, 04/01/2053(c)   100,000    99,857 
Energy Southeast A Cooperative District          
5.00%, 09/01/2033   350,000    371,130 
Industrial Development Board of the City of Mobile Alabama          
3.92%, 06/01/2034   65,000    65,190 
Southeast Energy Authority A Cooperative District          
5.00%, 10/01/2030   1,000,000    1,090,375 
5.00%, 09/01/2035   190,000    212,982 
5.25%, 03/01/2055   170,000    182,175 
5.00%, 10/01/2055   160,000    175,835 
Total Alabama        2,197,544 
           
Arizona (3.09%)          
Maricopa County & Phoenix Industrial Development Authorities          
6.00%, 09/01/2056   295,000    333,890 
Salt Verde Financial Corp.          
5.00%, 12/01/2032   675,000    747,587 
5.00%, 12/01/2037   450,000    501,693 
Total Arizona        1,583,170 
           
California (6.38%)          
California Community Choice Financing Authority          
7D US MUNI + 0.45%, 02/01/2052(c)   260,000    249,761 
1D US SOFR + 1.45%, 04/01/2056(c)   300,000    300,310 
City of Los Angeles Department of Airports          
5.00%, 05/15/2033   405,000    469,652 
Security Description  Principal
Amount		   Value 
Revenue Bonds (continued)          
Long Beach Bond Finance Authority          
3M US SOFR + 1.45%, 11/15/2027(c)  $430,000   $435,547 
Los Angeles Department of Water & Power          
5.00%, 07/01/2032   225,000    229,851 
5.00%, 07/01/2035   175,000    207,773 
Modesto Irrigation District          
3M US SOFR + 0.63%, 09/01/2037(c)   615,000    604,472 
Northern California Energy Authority          
5.00%, 12/01/2054   300,000    323,390 
Northern California Gas Authority No 1          
3M US SOFR + 0.72%, 07/01/2027(c)   125,000    125,323 
San Diego County Regional Airport Authority          
5.00%, 07/01/2034   105,000    123,378 
San Francisco City & County Airport Comm-San Francisco International Airport          
5.00%, 05/01/2037   100,000    114,343 
Southern California Public Power Authority          
3M CME TERM SOFR + 1.47%, 11/01/2038(c)   100,000    99,160 
Total California        3,282,960 
           
Colorado (2.44%)          
City & County of Denver Co. Airport System Revenue          
5.25%, 11/15/2035   250,000    287,532 
5.75%, 11/15/2036   250,000    313,298 
Colorado Health Facilities Authority          
5.00%, 11/15/2039   75,000    82,251 
4.00%, 11/15/2043   100,000    99,240 
E-470 Public Highway Authority          
0.00%, 09/01/2035(a)   300,000    188,284 
0.00%, 09/01/2037(a)   500,000    283,243 
Total Colorado        1,253,848 
           
Connecticut (0.70%)          
Connecticut Housing Finance Authority          
4.00%, 11/15/2047   40,000    40,135 
6.00%, 11/15/2054   285,000    320,605 
Total Connecticut        360,740 
           
District of Columbia (0.93%)          
District of Columbia          
5.00%, 07/15/2040   200,000    200,150 

   

 

Security Description  Principal
Amount		   Value 
Revenue Bonds (continued)          
Metropolitan Washington Airports Authority Aviation Revenue          
5.00%, 10/01/2037  $250,000   $276,803 
Total District of Columbia        476,953 
           
Florida (4.26%)          
City Of South Miami Health Facilities Authority, Inc.          
5.00%, 08/15/2042   350,000    357,916 
County of Broward FL Airport System Revenue          
5.00%, 10/01/2031   200,000    215,582 
5.00%, 10/01/2042   115,000    117,112 
County of Lee FL Airport Revenue          
5.00%, 10/01/2056(b)   125,000    137,618 
County of Miami-Dade FL Aviation Revenue          
5.00%, 10/01/2036   250,000    284,232 
Florida Housing Finance Corp.          
5.50%, 01/01/2054   110,000    115,854 
Greater Orlando Aviation Authority          
5.00%, 10/01/2033   300,000    322,595 
5.00%, 10/01/2037   300,000    340,207 
5.25%, 10/01/2044   175,000    190,625 
Martin County Health Facilities Authority          
4.00%, 01/01/2046   110,000    104,601 
Total Florida        2,186,342 
           
Georgia (0.97%)          
Main Street Natural Gas, Inc.          
5.00%, 12/01/2053   300,000    326,388 
5.00%, 04/01/2054   160,000    174,338 
Total Georgia        500,726 
           
Illinois (3.07%)          
Illinois Finance Authority          
5.00%, 08/15/2035   225,000    244,662 
5.00%, 02/15/2036   385,000    392,803 
4.00%, 07/15/2047   200,000    183,642 
5.00%, 08/15/2047   555,000    570,583 
Illinois Housing Development Authority          
6.25%, 04/01/2054   165,000    181,404 
Total Illinois        1,573,094 
           
Kentucky (1.49%)          
County of Trimble KY          
4.70%, 06/01/2054   300,000    303,128 
Kentucky Public Energy Authority          
1D US SOFR + 1.20%, 08/01/2052(c)   460,000    462,646 
Total Kentucky        765,774 
Security Description  Principal
Amount		   Value 
Revenue Bonds (continued)          
Louisiana (0.12%)          
Louisiana Public Facilities Authority          
3M US SOFR + 0.70%, 02/15/2036(c)  $60,000   $59,579 
Total Louisiana        59,579 
           
Massachusetts (0.42%)          
Massachusetts Development Finance Agency          
4.00%, 07/01/2041   125,000    125,044 
Massachusetts Housing Finance Agency          
3.00%, 12/01/2050   95,000    94,665 
Total Massachusetts        219,709 
           
Michigan (1.12%)          
Gerald R Ford International Airport Authority          
5.00%, 01/01/2046   100,000    103,405 
Michigan Finance Authority          
4.00%, 04/15/2042   200,000    202,948 
7D US MUNI + 0.75%, 04/15/2047(c)   275,000    274,416 
Total Michigan        580,769 
           
Minnesota (1.37%)          
Minnesota Housing Finance Agency          
2.47%, 01/01/2050   193,652    162,976 
3.50%, 07/01/2050   535,000    537,571 
Total Minnesota        700,547 
           
Missiouri (0.44%)          
Missouri Housing Development Commission          
5.75%, 05/01/2057(b)   200,000    227,983 
Total Missiouri        227,983 
           
Missouri (0.62%)          
Missouri Housing Development Commission          
4.00%, 05/01/2050   150,000    151,912 
6.00%, 05/01/2055   145,000    163,495 
Total Missouri        315,407 
           
Nebraska (2.19%)          
Central Plains Energy Project          
5.00%, 05/01/2053   165,000    175,643 
Nebraska Investment Finance Authority          
3.50%, 09/01/2046   80,000    80,073 
3.00%, 09/01/2050   305,000    303,383 
6.25%, 09/01/2055   500,000    567,707 
Total Nebraska        1,126,806 

   

 

Security Description  Principal
Amount		   Value 
Revenue Bonds (continued)          
Nevada (0.74%)          
County of Clark NV          
3.75%, 01/01/2036  $275,000   $275,181 
County of Washoe NV          
4.13%, 03/01/2036   100,000    103,371 
Total Nevada        378,552 
           
New Jersey (2.38%)          
New Jersey Transportation Trust Fund Authority          
0.00%, 12/15/2034(a)   200,000    154,682 
0.00%, 12/15/2039(a)   400,000    242,872 
5.25%, 06/15/2041   300,000    343,147 
5.00%, 06/15/2042   250,000    278,664 
4.25%, 06/15/2044   200,000    203,405 
Total New Jersey        1,222,770 
           
New Mexico (1.37%)          
City of Farmington NM          
1.80%, 04/01/2029   180,000    171,033 
New Mexico Mortgage Finance Authority          
5.25%, 03/01/2053   215,000    229,537 
6.00%, 03/01/2055   270,000    302,399 
Total New Mexico        702,969 
           
New York (7.14%)          
Metropolitan Transportation Authority          
1D US SOFR + 0.43%, 11/01/2026(c)   15,000    14,952 
1D US SOFR + 0.80%, 11/01/2032(c)   460,000    460,028 
4.75%, 11/15/2045   130,000    131,586 
New York City Municipal Water Finance Authority          
4.00%, 06/15/2045   100,000    99,135 
New York City Transitional Finance Authority Future Tax Secured Revenue          
5.00%, 05/01/2038   100,000    115,219 
5.00%, 05/01/2040   115,000    129,148 
5.00%, 11/01/2041   200,000    228,153 
5.00%, 05/01/2042   300,000    334,633 
5.00%, 05/01/2042   100,000    111,544 
5.25%, 02/01/2047   150,000    159,555 
New York State Dormitory Authority          
4.00%, 07/01/2038   100,000    105,378 
5.00%, 03/15/2045   200,000    217,925 
New York State Housing Finance Agency          
3.60%, 11/01/2044   200,000    205,854 
3.95%, 11/01/2050   175,000    179,476 
New York State Thruway Authority          
5.00%, 03/15/2042   100,000    109,316 
Security Description  Principal
Amount		   Value 
Revenue Bonds (continued)          
Triborough Bridge & Tunnel Authority          
1D US SOFR + 1.05%, 04/01/2026(c)  $250,000   $250,086 
0.00%, 11/15/2039(a)   1,000,000    607,165 
5.25%, 05/15/2047   200,000    213,912 
Total New York        3,673,065 
           
North Carolina (3.06%)          
North Carolina Housing Finance Agency          
6.25%, 01/01/2055   675,000    739,757 
University of North Carolina at Chapel Hill          
1D US SOFR + 1.05%, 12/01/2041(c)   830,000    833,829 
Total North Carolina        1,573,586 
           
North Dakota (0.90%)          
North Dakota Housing Finance Agency          
4.25%, 01/01/2049   210,000    211,943 
5.75%, 07/01/2053   235,000    251,079 
Total North Dakota        463,022 
           
Ohio (1.58%)          
Lancaster Port Authority          
5.00%, 02/01/2055   390,000    421,509 
Ohio Housing Finance Agency          
6.50%, 03/01/2056   335,000    392,675 
Total Ohio        814,184 
           
Oklahoma (0.77%)          
Oklahoma Housing Finance Agency          
5.00%, 03/01/2052   380,000    395,729 
Total Oklahoma        395,729 
           
Oregon (1.90%)          
Port of Portland OR Airport Revenue          
5.00%, 07/01/2036   200,000    225,387 
4.00%, 07/01/2038   305,000    310,662 
4.00%, 07/01/2047   485,000    444,097 
Total Oregon        980,146 
           
Pennslyvania (3.58%)          
Allegheny County Airport Authority          
4.00%, 01/01/2046   700,000    656,844 
Butler County General Authority          
3M US SOFR + 0.70%, 10/01/2034(c)   350,000    344,000 

   

 

Security Description  Principal
Amount		   Value 
Revenue Bonds (continued)          
Pennsylvania Turnpike Commission          
0.00%, 12/01/2037(a)  $790,000   $830,249 
Total Pennslyvania        1,831,093 
           
South Carolina (2.10%)          
South Carolina State Housing Finance & Development Authority          
5.75%, 01/01/2054   135,000    149,249 
6.00%, 01/01/2054   830,000    926,458 
Total South Carolina        1,075,707 
           
South Dakota (0.26%)          
South Dakota Housing Development Authority          
6.00%, 05/01/2054   125,000    133,585 
Total South Dakota        133,585 
           
Tennessee (0.72%)          
New Memphis Arena Public Building Authority          
0.00%, 04/01/2030(a)   350,000    370,803 
Total Tennessee        370,803 
           
Texas (6.47%)          
City of Austin TX Airport System Revenue          
5.00%, 11/15/2036   200,000    221,930 
City of Houston TX Airport System Revenue          
5.00%, 07/01/2036   135,000    151,101 
5.25%, 07/01/2048   500,000    523,601 
City of San Antonio TX Electric & Gas Systems Revenue          
3.15%, 02/01/2055   435,000    442,097 
Main Street Energy, Inc.          
5.00%, 12/01/2033   250,000    273,080 
North Texas Tollway Authority          
0.00%, 01/01/2038(a)   100,000    67,276 
Texas Department of Housing & Community Affairs          
2.15%, 07/01/2037   215,000    181,711 
4.30%, 09/01/2038   100,000    104,502 
3.50%, 07/01/2052   375,000    377,185 
Texas Municipal Gas Acquisition & Supply Corp. V          
5.00%, 01/01/2055   320,000    350,390 
Texas Municipal Gas Acquisition and Supply Corp. I          
3M CME TERM SOFR + 0.70%, 12/15/2026(c)   170,000    170,019 
6.25%, 12/15/2026   15,000    15,443 
Security Description  Principal
Amount		   Value 
Revenue Bonds (continued)          
Texas Municipal Gas Acquisition and Supply Corp. II          
3M CME TERM SOFR + 1.05%, 09/15/2027(c)  $235,000   $235,809 
3M CME TERM SOFR + 0.86%, 09/15/2027(c)   120,000    120,255 
Texas Water Development Board          
4.00%, 10/15/2043   100,000    100,814 
Total Texas        3,335,213 
           
Virginia (2.77%)          
City of Norfolk VA Water Revenue          
5.00%, 11/01/2033   300,000    356,124 
FHLMC Multifamily VRD Certificates          
4.64%, 10/25/2040   275,000    294,016 
4.60%, 06/25/2042   319,477    337,754 
Freddie Mac Multifamily ML Certificates          
4.69%, 10/25/2040   147,930    154,844 
Virginia Housing Development Authority          
3.13%, 07/01/2056   285,000    285,041 
Total Virginia        1,427,779 
           
Washington (1.33%)          
County of King WA Sewer Revenue          
7D US MUNI + 0.23%, 01/01/2040(c)   115,000    114,247 
Port of Seattle WA          
5.00%, 05/01/2031   250,000    256,678 
5.00%, 04/01/2037   300,000    315,399 
Total Washington        686,324 
           
Wisconsin (1.27%)          
Public Finance Authority          
3.70%, 10/01/2046   455,000    470,817 
Wisconsin Health & Educational Facilities Authority          
4.00%, 11/15/2043   180,000    177,513 
Total Wisconsin        648,330 
           
Wyoming (2.20%)          
Wyoming Community Development Authority          
3.50%, 06/01/2052   730,000    735,028 
6.25%, 12/01/2055   350,000    397,746 
Total Wyoming        1,132,774 

   

 

Security Description  Principal
Amount		   Value 
Revenue Bonds (continued)          
Total Revenue Bonds       38,257,582 
           
TOTAL MUNICIPAL BONDS          
(Cost $45,514,573)        47,273,966 
           
TOTAL INVESTMENTS (101.67%)          
(Cost $50,504,623)       $52,264,494 
LIABILITIES IN EXCESS OF OTHER ASSETS (-1.67%)        (856,223)
NET ASSETS - 100.00%       $51,408,271 

  

Investment Abbreviations:

SOFR - Secured Overnight Financing Rate

 

Reference Rates:

1D US SOFR - 1 Day SOFR as of February 28, 2026 was 3.68%

7D US MUNI- SIFMA Municipal Swap Index Yield as of February 28, 2026 was 1.88%

3M US SOFR - 3 Month SOFR as of February 28, 2026 was 3.73%

3M CME TERM SOFR – 3 Month CME TERM SOFR as of February 28, 2026 was 3.67%

 

  

(a) Zero coupon bond.
(b) Represents a security purchased on a when-issued basis.
(c) Floating or variable rate security. Interest rate resets periodically on specific dates. The rate shown represents the coupon or interest rate in effect as of February 28, 2026. Security description includes the reference rate and spread if published and available.

  

See Notes to Quarterly Schedule of Investments.

   

 

ALPS Clean Energy ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Shares   Value 
COMMON STOCKS (92.85%)
Consumer Discretionary (11.10%)          
EVgo, Inc.(a)(b)   191,697   $525,250 
Lucid Group, Inc.(a)(b)   194,129    1,941,290 
Rivian Automotive, Inc.(a)   323,064    4,952,571 
Tesla, Inc.(a)   12,746    5,130,392 
Total Consumer Discretionary        12,549,503 
           
Consumer Staples (2.78%)          
Andersons, Inc.   48,075    3,138,817 
           
Energy (3.61%)          
Clean Energy Fuels Corp.(a)   245,272    554,315 
Gevo, Inc.(a)(b)   347,184    631,875 
Green Plains, Inc.(a)   101,346    1,391,481 
REX American Resources Corp.(a)   42,496    1,511,157 
Total Energy        4,088,828 
           
Financials (5.60%)          
HA Sustainable Infrastructure Capital, Inc.(b)   173,519    6,336,914 
           
Industrials (28.46%)          
Ameresco, Inc., Class A(a)(b)   47,835    1,457,054 
American Superconductor Corp.(a)   65,297    2,127,376 
Amprius Technologies, Inc.(a)(b)   153,716    1,649,373 
Array Technologies, Inc.(a)(b)   225,623    1,710,222 
Ballard Power Systems, Inc.(a)(b)   373,880    800,103 
Energy Vault Holdings, Inc.(a)(b)   174,443    523,329 
Eos Energy Enterprises, Inc.(a)(b)   386,861    2,203,174 
Fluence Energy, Inc.(a)(b)   96,867    1,505,313 
Microvast Holdings, Inc.(a)(b)   296,375    663,880 
Nextpower, Inc.(a)(b)   64,011    6,727,556 
Plug Power, Inc.(a)(b)   2,079,761    3,722,772 
Shoals Technologies Group, Inc., Class A(a)   246,721    1,463,056 
Sunrun, Inc.(a)   322,669    4,275,364 
T1 Energy, Inc.(a)(b)   231,853    1,428,214 
Willdan Group, Inc.(a)   21,444    1,911,518 
Total Industrials        32,168,304 
           
Information Technology (15.78%)          
Enphase Energy, Inc.(a)(b)   185,567    7,843,917 
First Solar, Inc.(a)   22,513    4,439,564 
Security Description  Shares   Value 
Information Technology (continued)          
Itron, Inc.(a)(b)   59,248   $5,566,350 
Total Information Technology        17,849,831 
           
Materials (8.26%)          
Albemarle Corp.   46,319    8,275,816 
American Battery Technology Co.(a)(b)   188,354    695,026 
Aspen Aerogels, Inc.(a)   121,640    379,517 
Total Materials        9,350,359 
           
Utilities (17.26%)          
Boralex, Inc., Class A(b)   152,520    3,103,959 
Clearway Energy, Inc., Class C(b)   125,375    4,803,116 
Northland Power, Inc.(b)   391,565    6,275,145 
Ormat Technologies, Inc.(b)   51,480    5,338,476 
Total Utilities        19,520,696 
           
TOTAL COMMON STOCKS          
(Cost $183,803,282)        105,003,252 

 

Security Description  Shares   Value 
MASTER LIMITED PARTNERSHIPS (7.06%)          
Utilities (7.06%)          
Brookfield Renewable Partners LP   204,310   $6,496,041 
XPLR Infrastructure LP(a)   140,507    1,487,969 
Total Utilities        7,984,010 
           
TOTAL MASTER LIMITED PARTNERSHIPS          
(Cost $13,912,435)        7,984,010 

 

    7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (19.51%)
Money Market Fund (0.03%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)               
(Cost $35,351)   3.63%   35,351   $35,351 

   

 

    7 Day Yield (continued)  Shares (continued)   Value (continued) 
Investments Purchased with Collateral from Securities Loaned (19.48%)               
State Street Navigator Securities Lending Government Money Market Portfolio, 3.70%               
(Cost $22,025,078)       22,025,078   $22,025,078 
TOTAL SHORT TERM INVESTMENTS
(Cost $22,060,429)             22,060,429 
                
TOTAL INVESTMENTS (119.42%)
(Cost $219,776,146)            $135,047,691 
LIABILITIES IN EXCESS OF OTHER ASSETS (-19.42%)             (21,953,790)
NET ASSETS - 100.00%            $113,093,901 

  

(a) Non-income producing security.
(b) Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $30,796,260.

 

See Notes to Quarterly Schedule of Investments.

   

 

ALPS Disruptive Technologies ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Shares   Value 
COMMON STOCKS (98.53%)          
Communication Services (1.11%)          
Netflix, Inc.(a)   8,618   $829,396 
           
Consumer Discretionary (3.33%)          
ADT, Inc.   99,739    799,907 
Garmin, Ltd.   3,848    972,890 
Tesla, Inc.(a)   1,814    730,153 
Total Consumer Discretionary        2,502,950 
           
Financials (15.20%)          
Adyen NV(a)(b)(c)   518    608,886 
American Express Co.   2,105    650,235 
Block, Inc.(a)   12,747    811,984 
Corpay, Inc.(a)   2,562    832,905 
Fidelity National Information Services, Inc.   12,059    614,527 
Fiserv, Inc.(a)   11,896    741,002 
Global Payments, Inc.   9,897    756,725 
GMO Payment Gateway, Inc.(d)   13,205    684,159 
Jack Henry & Associates, Inc.   4,332    703,777 
LendingTree, Inc.(a)(d)   14,495    541,678 
Mastercard, Inc., Class A   1,440    744,782 
Moody's Corp.   1,669    797,098 
Pagseguro Digital, Ltd., Class A   79,343    841,829 
PayPal Holdings, Inc.   13,144    607,384 
S&P Global, Inc.   1,630    720,264 
Visa, Inc., Class A   2,347    751,369 
Total Financials        11,408,604 
           
Health Care (12.08%)          
Align Technology, Inc.(a)   4,949    940,804 
Boston Scientific Corp.(a)   8,839    679,277 
Dexcom, Inc.(a)   11,763    863,757 
Globus Medical, Inc.(a)   9,123    870,882 
HealthEquity, Inc.(a)   8,327    636,932 
Hologic, Inc.(a)   10,837    816,676 
Insulet Corp.(a)   2,755    679,411 
Intuitive Surgical, Inc.(a)   1,481    745,698 
PROCEPT BioRobotics Corp.(a)(d)   22,506    510,661 
ResMed, Inc.   3,211    822,851 
Smith & Nephew PLC, Sponsored ADR(d)   24,729    912,500 
Tempus AI, Inc.(a)(d)   10,980    584,685 
Total Health Care        9,064,134 
           
Industrials (17.18%)          
AeroVironment, Inc.(a)(d)   3,247    819,056 
AutoStore Holdings, Ltd.(a)(b)(c)   716,144    820,964 
Experian PLC   18,224    684,232 
FANUC Corp.   21,013    957,100 
Security Description  Shares   Value 
Industrials (continued)          
Goldwind Science & Technology Co., Ltd., Class H   475,400   $940,664 
Proto Labs, Inc.(a)   16,930    1,051,015 
RELX PLC, Sponsored ADR(d)   20,131    700,357 
Schneider Electric SE   2,885    943,247 
Sensata Technologies Holding PLC   22,524    841,046 
SS&C Technologies Holdings, Inc.   9,312    701,100 
Stratasys, Ltd.(a)   95,442    919,106 
Thomson Reuters Corp.(d)   6,141    591,252 
TransUnion   9,455    742,690 
Verisk Analytics, Inc.   3,749    778,181 
Vestas Wind Systems A/S   30,357    779,856 
Wolters Kluwer NV   7,781    626,113 
Total Industrials        12,895,979 
           
Information Technology (45.17%)          
Adobe, Inc.(a)   2,313    606,954 
Alarm.com Holdings, Inc.(a)   15,366    735,263 
Allegro MicroSystems, Inc.(a)(d)   28,470    1,038,301 
Autodesk, Inc.(a)   2,995    736,381 
Cadence Design Systems, Inc.(a)   2,685    809,258 
Check Point Software Technologies, Ltd.(a)(d)   4,085    621,206 
Cognex Corp.   21,987    1,196,093 
Crowdstrike Holdings, Inc., Class A(a)   1,567    582,893 
Dassault Systemes SE   33,132    726,210 
Datadog, Inc., Class A(a)   5,411    605,816 
Dynatrace, Inc.(a)   17,909    643,291 
First Solar, Inc.(a)   2,972    586,078 
Fortinet, Inc.(a)   9,831    776,944 
Gen Digital, Inc.   29,190    658,818 
Guidewire Software, Inc.(a)   3,965    576,194 
Intuit, Inc.   1,198    490,018 
Itron, Inc.(a)(d)   8,252    775,275 
Keyence Corp.   2,382    1,007,620 
Nebius Group NV(a)(d)   8,600    784,235 
Nemetschek SE   8,303    665,174 
Okta, Inc.(a)   8,951    648,948 
Omron Corp.(d)   31,050    1,103,893 
Open Text Corp.(d)   24,272    601,218 
Palo Alto Networks, Inc.(a)   8,139    1,212,059 
PTC, Inc.(a)   5,062    792,658 
Qorvo, Inc.(a)   9,069    751,820 
Renishaw PLC   19,271    1,116,738 
Rubrik, Inc.(a)   9,312    483,852 
SailPoint, Inc.(a)(d)   37,298    525,902 
Salesforce, Inc.   3,090    601,901 
Samsara, Inc., Class A(a)   18,493    534,448 
SAP SE, Sponsored ADR   3,279    660,817 
SenseTime Group, Inc.(a)(b)(c)(d)   2,991,000    978,726 
ServiceNow, Inc.(a)   4,674    504,839 
Silicon Laboratories, Inc.(a)   5,670    1,159,685 
Skyworks Solutions, Inc.   11,882    707,930 
Snowflake, Inc., Class A(a)   3,676    619,075 

   

 

Security Description  Shares   Value 
Information Technology (continued)          
SolarEdge Technologies, Inc.(a)(d)   25,324   $896,470 
SoundHound AI, Inc.(a)(d)   67,405    579,683 
Synopsys, Inc.(a)   1,888    781,632 
Temenos AG   8,517    792,047 
Workday, Inc., Class A(a)   3,619    484,077 
Xero, Ltd.(a)   10,722    634,382 
Xinyi Solar Holdings, Ltd.(d)   2,120,000    937,597 
Zoom Communications, Inc., Class A(a)   8,986    664,425 
Zscaler, Inc.(a)   3,350    492,417 
Total Information Technology        33,889,261 
           
Real Estate (1.40%)          
Equinix, Inc.   1,077    1,049,278 
           
Utilities (3.06%)          
China Longyuan Power Group Corp., Ltd., Class H(d)   927,000    896,974 
Enlight Renewable Energy, Ltd.(a)   20,325    1,391,723 
Total Utilities        2,288,697 
           
TOTAL COMMON STOCKS          
(Cost $70,319,174)        73,928,299 

 

Security Description  Shares   Value 
MASTER LIMITED PARTNERSHIPS (1.22%)          
Utilities (1.22%)          
Brookfield Renewable Partners LP   28,774   $914,870 
           
TOTAL MASTER LIMITED PARTNERSHIPS          
(Cost $791,369)        914,870 

 

    7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (7.26%)
Money Market Fund (0.26%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)               
(Cost $189,077)   3.63%   189,077   $189,077 
    7 Day Yield (continued)  Shares (continued)   Value (continued) 
Investments Purchased with Collateral from Securities Loaned (7.00%)               
State Street Navigator Securities Lending Government Money Market Portfolio, 3.70%               
(Cost $5,254,943)       5,254,943   $5,254,943 
TOTAL SHORT TERM INVESTMENTS
(Cost $5,444,020)             5,444,020 
                
TOTAL INVESTMENTS (107.01%)
(Cost $76,554,563)            $80,287,189 
LIABILITIES IN EXCESS OF OTHER ASSETS (-7.01%)             (5,255,465)
NET ASSETS - 100.00%            $75,031,724 

  

(a) Non-income producing security.
(b) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $2,408,575, representing 3.21% of net assets.
(c) Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration.  Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of February 28, 2026, the market value of those securities was $2,408,575, representing 3.21% of net assets.
(d) Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $11,272,449.

  

See Notes to Quarterly Schedule of Investments.

   

 

ALPS Dynamic Core Income ETF (formerly, RiverFront Dynamic Core Income ETF)

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Principal
Amount		   Value 
CORPORATE BONDS (70.76%)          
Communications  (2.32%)          
Comcast Corp.          
5.168%, 01/15/2037(a)  $149,000   $150,084 
Verizon Communications, Inc.          
4.750%, 01/15/2033   218,000    221,149 
Total Communications        371,233 
           
Consumer Discretionary  (15.76%)          
American Honda Finance Corp.          
5.050%, 07/10/2031   180,000    186,702 
Ford Motor Co.          
9.625%, 04/22/2030   203,000    237,251 
Ford Motor Credit Co. LLC          
7.350%, 11/04/2027   336,000    350,671 
General Motors Financial Co., Inc.          
6.400%, 01/09/2033   504,000    548,690 
Goodyear Tire & Rubber Co.          
4.875%, 03/15/2027   148,000    147,702 
Hyatt Hotels Corp.          
5.750%, 04/23/2030   504,000    529,710 
Lennar Corp.          
5.200%, 07/30/2030   180,000    186,457 
Marriott International, Inc.          
4.000%, 04/15/2028(b)   337,000    338,096 
Total Consumer Discretionary        2,525,279 
           
Energy  (11.36%)          
Columbia Pipelines Holding Co. LLC          
4.999%, 11/17/2032(a)   226,000    230,620 
Hess Midstream Operations LP          
4.250%, 02/15/2030(a)   148,000    145,177 
Kinetik Holdings LP          
6.625%, 12/15/2028(a)   587,000    605,458 
MPLX LP          
5.000%, 01/15/2033   176,000    178,912 
ONEOK, Inc.          
5.400%, 10/15/2035   176,000    179,773 
Phillips 66 Co.          
5.250%, 06/15/2031   291,000    304,744 
Williams Cos., Inc.          
5.300%, 09/30/2035   170,000    174,681 
Total Energy        1,819,365 
           
Financials  (14.63%)          
Bank of America Corp.          
4.250%, 10/22/2026   205,000    205,336 
5Y US TI + 3.23%(c)(d)   364,000    369,117 
Citigroup, Inc.          
4.450%, 09/29/2027   267,000    268,689 
6.625%, 06/15/2032   90,000    100,299 
Security Description  Principal
Amount		   Value 
Financials (continued)          
Goldman Sachs Group, Inc.          
1D US SOFR + 1.135%, 10/23/2030(c)  $242,000   $245,981 
Iron Mountain, Inc.          
4.875%, 09/15/2027(a)   286,000    286,064 
JPMorgan Chase & Co.          
4.250%, 10/01/2027   175,000    176,302 
PNC Financial Services Group, Inc.          
5Y US TI + 3.238%(c)(d)   364,000    370,810 
Royal Bank of Canada          
6.000%, 11/01/2027   311,000    321,971 
Total Financials        2,344,569 
           
Health Care  (1.31%)          
CVS Health Corp.          
4.300%, 03/25/2028   62,000    62,394 
HCA, Inc.          
5.375%, 09/01/2026   148,000    148,168 
Total Health Care        210,562 
           
Industrials  (6.05%)          
Ingersoll Rand, Inc.          
5.700%, 08/14/2033   504,000    539,504 
Johnson Controls International PLC / Tyco Fire & Security Finance SCA          
4.900%, 12/01/2032   206,000    211,931 
Textron, Inc.          
5.500%, 05/15/2035   206,000    217,249 
Total Industrials        968,684 
           
Materials  (1.79%)          
DuPont de Nemours, Inc.          
4.725%, 11/15/2028(a)   67,000    67,956 
PPG Industries, Inc.          
4.375%, 03/15/2031   218,000    219,492 
Total Materials        287,448 
           
Technology  (7.94%)          
Concentrix Corp.          
6.850%, 08/02/2033   504,000    484,899 
Dell International LLC / EMC Corp.          
4.750%, 10/06/2032   176,000    177,696 
Flex, Ltd.          
5.250%, 01/15/2032   206,000    211,562 
HP, Inc.          
5.400%, 04/25/2030   180,000    186,618 
Microchip Technology, Inc.          
5.050%, 02/15/2030   206,000    211,586 
Total Technology        1,272,361 
           
Utilities  (9.60%)          
Dominion Energy, Inc.          
4.250%, 06/01/2028   337,000    339,477 
Duke Energy Corp.          
4.950%, 09/15/2035   218,000    218,545 

   

 

Security Description  Principal
Amount		   Value 
Utilities (continued)          
Public Service Enterprise Group, Inc.          
5.850%, 11/15/2027  $336,000   $346,660 
Southern California Gas Co.          
5.200%, 06/01/2033   297,000    309,647 
Vistra Operations Co. LLC          
7.750%, 10/15/2031(a)   307,000    324,569 
Total Utilities        1,538,898 
           
TOTAL CORPORATE BONDS          
(Cost $11,098,986)        11,338,399 
           
GOVERNMENT BONDS (26.09%)          
Mexico Government International Bond          
6.000%, 05/13/2030   151,000    158,414 
United States Treasury Bond          
4.375%, 05/15/2034   809,000    840,064 
4.750%, 02/15/2037   364,000    388,940 
4.750%, 11/15/2043   1,827,000    1,881,096 
4.000%, 11/15/2052   661,000    594,087 
3.625%, 05/15/2053   379,000    318,079 
TOTAL GOVERNMENT BONDS          
(Cost $4,284,809)        4,180,680 

 

    7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (1.87%)
Money Market Fund (1.87%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)   3.63%   299,585   $299,585 
                
TOTAL SHORT TERM INVESTMENTS
(Cost $299,585)             299,585 
                
TOTAL INVESTMENTS (98.72%)
(Cost $15,683,380)            $15,818,664 
OTHER ASSETS IN EXCESS OF LIABILITIES (1.28%)             204,727 
NET ASSETS - 100.00%            $16,023,391 

 

Investment Abbreviations:

SOFR - Secured Overnight Financing Rate

TI - Treasury Index

 

Reference Rates:

1D US SOFR - 1 Day SOFR as of February 28, 2026 was 3.68%

5Y US TI - 5 Year US TI as of February 28, 2026 was 3.51% 

 

(a) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $1,809,928, representing 11.30% of net assets.
(b) Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration.  Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of February 28, 2026, the market value of those securities was $338,096, representing 2.11% of net assets.
(c) Floating or variable rate security. Interest rate resets periodically on specific dates. The rate shown represents the coupon or interest rate in effect as of February 28, 2026. Security description includes the reference rate and spread if published and available.
(d) Securities are perpetual and thus do not have a predetermined maturity date.

 

See Notes to Quarterly Schedule of Investments.

   

 

ALPS Dynamic US Dividend Advantage ETF (formerly, Riverfront Dynamic US Dividend Advantage ETF)

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

  

Security Description  Shares   Value 
COMMON STOCKS (97.94%)          
Communication Services (5.63%)          
Alphabet, Inc., Class A   3,416   $1,064,972 
Alphabet, Inc., Class C   9,846    3,066,340 
TEGNA, Inc.   26,419    553,478 
Total Communication Services        4,684,790 
           
Consumer Discretionary (9.62%)          
Amazon.com, Inc.(a)   15,407    3,235,470 
Ethan Allen Interiors, Inc.   15,458    352,133 
H&R Block, Inc.   21,624    662,127 
Perdoceo Education Corp.   66,413    2,214,873 
TJX Cos., Inc.   7,698    1,244,459 
Upbound Group, Inc.   13,399    287,409 
Total Consumer Discretionary        7,996,471 
           
Consumer Staples (2.87%)          
Altria Group, Inc.   11,050    762,892 
B&G Foods, Inc.(b)   100,994    536,278 
Coca-Cola Co.   7,410    604,360 
Philip Morris International, Inc.   2,580    482,021 
Total Consumer Staples        2,385,551 
           
Energy (8.44%)          
Antero Midstream Corp.   79,928    1,796,781 
Crescent Energy Co.(b)   73,736    859,762 
Devon Energy Corp.   7,985    347,587 
EOG Resources, Inc.   8,114    1,006,785 
Exxon Mobil Corp.   6,987    1,065,518 
Kinder Morgan, Inc.   40,608    1,351,028 
VAALCO Energy, Inc.(b)   114,879    591,627 
Total Energy        7,019,088 
           
Financials (17.40%)          
Fidelity National Information Services, Inc.   13,766    701,515 
First Financial Corp.   15,360    973,210 
First Horizon National Corp.   39,527    940,347 
FNB Corp.   27,603    468,975 
Fulton Financial Corp.(b)   26,672    545,442 
Hanmi Financial Corp.   34,772    907,897 
Heritage Commerce Corp.   66,406    825,427 
Huntington Bancshares, Inc.   36,626    615,317 
Old Republic International Corp.   32,599    1,397,519 
OneMain Holdings, Inc.   10,828    595,757 
Ready Capital Corp.   36,304    67,162 
Starwood Property Trust, Inc.   15,054    268,112 
TrustCo Bank Corp. NY   19,510    846,149 
Universal Insurance Holdings, Inc.   34,538    1,214,701 
US Bancorp   24,750    1,352,835 
Valley National Bancorp(b)   51,955    655,152 
Security Description  Shares   Value 
Financials (continued)          
Visa, Inc., Class A   3,104   $993,715 
Washington Trust Bancorp, Inc.   21,618    728,310 
Western Union Co.(b)   38,974    375,320 
Total Financials        14,472,862 
           
Health Care (1.47%)          
Amgen, Inc.   1,778    690,148 
National Research Corp.(b)   39,826    534,067 
Total Health Care        1,224,215 
           
Industrials (7.19%)          
Apogee Enterprises, Inc.   12,879    512,842 
Deluxe Corp.   36,283    1,006,853 
Genco Shipping & Trading, Ltd.   36,273    872,365 
Lockheed Martin Corp.   986    648,867 
MSC Industrial Direct Co. Inc, Class A, Class A   5,007    469,857 
Paychex, Inc.   3,578    335,080 
Pitney Bowes, Inc.(b)   132,862    1,425,609 
Trane Technologies PLC   1,540    711,973 
Total Industrials        5,983,446 
           
Information Technology (32.60%)          
Apple, Inc.   26,011    6,871,586 
Cisco Systems, Inc.   22,566    1,793,094 
Hewlett Packard Enterprise Co.   62,900    1,350,463 
International Business Machines Corp.   6,202    1,489,782 
Microsoft Corp.   13,656    5,363,258 
NVIDIA Corp.   53,608    9,498,802 
QUALCOMM, Inc.   5,222    743,404 
Total Information Technology        27,110,389 
           
Materials (3.28%)          
Greif, Inc.(b)   6,376    557,135 
Myers Industries, Inc.   60,234    1,347,434 
Ramaco Resources, Inc.(a)(b)   54,910    824,322 
Total Materials        2,728,891 
           
Real Estate (5.69%)          
Camden Property Trust   3,890    421,442 
Chiron Real Estate, Inc.   18,252    632,067 
Curbline Properties Corp.(b)   20,470    569,271 
Invitation Homes, Inc.   13,234    348,583 
Medical Properties Trust, Inc.   99,293    571,928 
Piedmont Realty Trust, Inc., Class A   31,791    241,294 
SITE Centers Corp.(b)   10,050    61,908 
Tanger, Inc.   26,338    976,086 
Universal Health Realty Income Trust   20,826    908,430 
Total Real Estate        4,731,009 
           
Utilities (3.75%)          
Clearway Energy, Inc., Class C(b)   39,060    1,496,389 
Evergy, Inc.   6,754    565,040 

   

 

Security Description  Shares   Value 
Utilities (continued)          
Public Service Enterprise Group, Inc.   12,294   $1,058,144 
Total Utilities        3,119,573 
           
TOTAL COMMON STOCKS          
(Cost $63,032,860)        81,456,285 

 

    7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (7.64%)
Money Market Fund (2.02%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)               
(Cost $1,680,629)   3.63%   1,680,629   $1,680,629 
                
                
Investments Purchased with Collateral from Securities Loaned (5.62%)               
State Street Navigator Securities Lending Government Money Market Portfolio, 3.70%               
(Cost $4,675,971)        4,675,971    4,675,971 
TOTAL SHORT TERM INVESTMENTS
(Cost $6,356,600)             6,356,600 
                
TOTAL INVESTMENTS (105.58%)
(Cost $69,389,460)            $87,812,885 
LIABILITIES IN EXCESS OF OTHER ASSETS (-5.58%)             (4,645,046)
NET ASSETS - 100.00%            $83,167,839 

 

(a) Non-income producing security.
(b) Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $7,880,215.

 

See Notes to Quarterly Schedule of Investments.

   

 

ALPS Electrification Infrastructure ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Shares   Value 
COMMON STOCKS (99.75%)          
Consumer Discretionary (0.48%)          
QuantumScape Corp.(a)(b)   101,540   $702,657 
           
Energy (14.78%)          
Antero Midstream Corp.   71,907    1,616,469 
Cameco Corp.   13,578    1,607,634 
Cheniere Energy, Inc.   6,778    1,597,778 
DT Midstream, Inc.   10,903    1,513,773 
Enbridge, Inc.   27,397    1,455,877 
Kinder Morgan, Inc.   48,388    1,609,869 
NexGen Energy, Ltd.(a)(b)   137,723    1,760,099 
ONEOK, Inc.   17,685    1,463,787 
Pembina Pipeline Corp.(b)   33,142    1,457,917 
South Bow Corp.(b)   47,217    1,520,860 
Targa Resources Corp.   6,979    1,645,649 
TC Energy Corp.   23,867    1,536,319 
Uranium Energy Corp.(a)   91,735    1,406,298 
Williams Cos., Inc.   21,309    1,592,208 
Total Energy        21,784,537 
           
Industrials (29.30%)          
Acuity, Inc.   3,477    1,048,628 
AECOM   12,980    1,271,780 
AMETEK, Inc.   6,398    1,530,530 
Argan, Inc.   3,940    1,777,925 
Bloom Energy Corp., Class A(a)   11,898    1,852,161 
Comfort Systems USA, Inc.   1,288    1,841,028 
Dycom Industries, Inc.(a)   3,574    1,501,151 
Eaton Corp. PLC   3,689    1,386,768 
EMCOR Group, Inc.   2,041    1,478,949 
Emerson Electric Co.   9,273    1,397,905 
EnerSys   8,560    1,422,244 
Fluor Corp.(a)   28,903    1,511,916 
GE Vernova, Inc.   1,835    1,603,056 
Generac Holdings, Inc.(a)   7,742    1,744,815 
Hubbell, Inc.   2,803    1,434,099 
IES Holdings, Inc.(a)(b)   2,723    1,348,838 
Jacobs Solutions, Inc.   9,545    1,315,874 
MasTec, Inc.(a)   5,575    1,661,462 
Nextpower, Inc.(a)   13,846    1,455,215 
NuScale Power Corp.(a)   61,180    786,163 
nVent Electric PLC   11,954    1,414,875 
Primoris Services Corp.   9,460    1,425,811 
Quanta Services, Inc.   2,783    1,567,052 
Regal Rexnord Corp.   8,497    1,877,666 
Rockwell Automation, Inc.   3,154    1,285,097 
Security Description  Shares   Value 
Industrials (continued)          
Sterling Infrastructure, Inc.(a)   3,820   $1,635,457 
Tetra Tech, Inc.   37,306    1,337,047 
Valmont Industries, Inc.   3,062    1,408,306 
Vertiv Holdings Co.   7,249    1,847,698 
Total Industrials        43,169,516 
           
Information Technology (12.64%)          
Amphenol Corp., Class A   9,281    1,355,583 
Badger Meter, Inc.   7,103    1,082,710 
Belden, Inc.   10,354    1,483,728 
Cognex Corp.   35,165    1,912,976 
Coherent Corp.(a)   6,538    1,692,884 
Corning, Inc.   13,557    2,038,702 
First Solar, Inc.(a)   4,746    935,911 
Itron, Inc.(a)   13,229    1,242,865 
Keysight Technologies, Inc.(a)   6,082    1,869,181 
Littelfuse, Inc.   4,752    1,674,890 
TE Connectivity PLC   5,330    1,226,700 
Trimble, Inc.(a)   15,599    1,043,105 
Zebra Technologies Corp.(a)   4,731    1,059,555 
Total Information Technology        18,618,790 
           
Materials (4.60%)          
Freeport-McMoRan, Inc.   26,984    1,837,071 
Hudbay Minerals, Inc.(b)   69,752    1,976,074 
MP Materials Corp.(a)(b)   21,669    1,275,654 
Teck Resources, Ltd., Class B   28,827    1,697,622 
Total Materials        6,786,421 
           
Utilities (37.95%)          
AES Corp.   92,709    1,602,011 
Alliant Energy Corp.   20,004    1,447,089 
Ameren Corp.   13,357    1,513,081 
American Electric Power Co., Inc.   11,361    1,520,329 
Black Hills Corp.   18,040    1,328,826 
Brookfield Renewable Corp.(b)   33,250    1,420,773 
CenterPoint Energy, Inc.   34,765    1,512,278 
CMS Energy Corp.   18,643    1,455,459 
Consolidated Edison, Inc.   13,566    1,526,446 
Constellation Energy Corp.   3,445    1,136,437 
Dominion Energy, Inc.   22,297    1,407,833 
DTE Energy Co.   9,898    1,467,280 
Duke Energy Corp.   11,349    1,485,017 
Edison International   22,435    1,676,793 
Entergy Corp.   13,874    1,486,044 
Evergy, Inc.   17,709    1,481,535 
Eversource Energy   19,218    1,464,604 
Exelon Corp.   30,089    1,488,503 
FirstEnergy Corp.(b)   29,448    1,506,560 
Fortis, Inc.(b)   25,831    1,485,283 

   

 

Security Description  Shares   Value 
Utilities (continued)          
IDACORP, Inc.(b)   10,306   $1,483,755 
NextEra Energy, Inc.   15,943    1,494,975 
NiSource, Inc.   31,182    1,474,909 
NRG Energy, Inc.   7,565    1,353,832 
OGE Energy Corp.(b)   30,488    1,498,180 
Oklo, Inc.(a)(b)   12,579    791,848 
Ormat Technologies, Inc.   11,296    1,171,395 
PG&E Corp.   87,535    1,663,165 
Pinnacle West Capital Corp.(b)   14,911    1,495,573 
Portland General Electric Co.(b)   27,280    1,472,029 
PPL Corp.   38,749    1,510,436 
Public Service Enterprise Group, Inc.   16,421    1,413,355 
Sempra   14,564    1,402,076 
Southern Co.   15,292    1,489,135 
Talen Energy Corp.(a)   3,511    1,302,476 
TXNM Energy, Inc.   22,259    1,313,726 
Vistra Corp.   7,445    1,294,611 
WEC Energy Group, Inc.   12,520    1,464,339 
Xcel Energy, Inc.   17,340    1,445,462 
Total Utilities        55,947,458 
           
TOTAL COMMON STOCKS          
(Cost $122,399,838)        147,009,379 

 

    7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (8.72%)
Money Market Fund (0.14%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)               
(Cost $200,293)   3.63%   200,293   $200,293 
                
Investments Purchased with Collateral from Securities Loaned (8.58%)               
State Street Navigator Securities Lending Government Money Market Portfolio, 3.70%               
(Cost $12,650,753)        12,650,753    12,650,753 
TOTAL SHORT TERM INVESTMENTS
(Cost $12,851,046)             12,851,046 
                
TOTAL INVESTMENTS (108.47%)
(Cost $135,250,884)            $159,860,425 
LIABILITIES IN EXCESS OF OTHER ASSETS (-8.47%)             (12,488,806)
NET ASSETS - 100.00%            $147,371,619 
(a) Non-income producing security.
(b) Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $15,373,779.

  

See Notes to Quarterly Schedule of Investments.

   

 

ALPS Emerging Sector Dividend Dogs ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Shares   Value 
COMMON STOCKS (95.15%)          
Brazil (8.20%)          
Axia Energia   56,600   $676,462 
BB Seguridade Participacoes SA   80,900    547,276 
Cia Energetica de Minas Gerais   258,600    608,857 
MBRF Global Foods Co. SA   144,780    584,034 
Total Brazil        2,416,629 
           
Chile (5.45%)          
Empresas CMPC SA   324,123    480,212 
Empresas COPEC SA   68,172    562,611 
Falabella SA   75,600    561,335 
Total Chile        1,604,158 
           
China (8.23%)          
China Feihe, Ltd.(a)(b)(c)   1,002,000    486,694 
China Shenhua Energy Co., Ltd., Class H   106,000   $609,167 
COSCO SHIPPING Holdings Co., Ltd.(b)   301,500    585,010 
Yankuang Energy Group Co., Ltd., Class H   415,400    743,360 
Total China        2,424,231 
           
Colombia (3.96%)          
Cementos Argos SA   186,706    592,164 
Interconexion Electrica SA ESP   78,218    573,293 
Total Colombia        1,165,457 
           
Great Britain (2.78%)          
Anglogold Ashanti PLC   6,416    819,772 
           
Hong Kong (1.71%)          
China State Construction International Holdings, Ltd.   424,000    503,484 
           
Hungary (6.07%)          
Magyar Telekom Telecommunications PLC(d)   98,316    667,441 
Richter Gedeon Nyrt   29,904    1,119,604 
Total Hungary        1,787,045 
           
India (10.35%)          
Dr Reddy's Laboratories, Ltd., ADR(b)   63,236    909,334 
Infosys, Ltd., Sponsored ADR(b)   74,771    1,079,693 
Wipro, Ltd., ADR(b)   478,055    1,061,282 
Total India        3,050,309 
Security Description  Shares   Value 
Indonesia (9.51%)          
Alamtri Resources Indonesia Tbk PT   4,960,100   $692,313 
Bank Mandiri Persero Tbk PT   1,831,900    576,396 
Bank Rakyat Indonesia Persero Tbk PT   2,432,100    567,224 
Telkom Indonesia Persero Tbk PT   2,487,100    525,162 
XLSMART Telecom Sejahtera Tbk PT   2,329,600    440,491 
Total Indonesia        2,801,586 
           
Malaysia (10.73%)          
MISC Bhd   287,800    596,902 
MR DIY Group M Bhd(a)(c)   1,460,400    671,837 
Petronas Dagangan Bhd   112,600    636,070 
Petronas Gas Bhd   123,000    567,741 
Sime Darby Bhd   1,098,800    689,044 
Total Malaysia        3,161,594 
           
Mexico (8.70%)          
Banco del Bajio SA(a)(b)(c)   190,946    638,408 
Grupo Aeroportuario del Sureste SAB de CV, ADR(b)   1,673    601,728 
Grupo Mexico SAB de CV, Series B   55,440    705,088 
Kimberly-Clark de Mexico SAB de CV, Class A(b)   246,300    618,253 
Total Mexico        2,563,477 
           
Philippines (6.07%)          
Globe Telecom, Inc.   20,130    607,409 
Manila Electric Co.   53,100    587,493 
PLDT, Inc.   24,390    592,144 
Total Philippines        1,787,046 
           
Russia (0.00%)(e)          
Mobile TeleSystems PJSC, Sponsored ADR(d)(f)(g)   64,600    646 
Novolipetsk Steel PJSC, GDR(c)(d)(f)(g)   17,594    176 
Severstal PAO, GDR(c)(d)(f)(g)   23,283    233 
X5 Retail Group NV, GDR(c)(d)(f)(g)   17,785    178 
Total Russia        1,233 
           
South Africa (1.95%)          
Mr Price Group, Ltd.   50,032    575,578 
           
Thailand (11.44%)          
Bangkok Dusit Medical Services PCL   1,390,000    970,339 
Charoen Pokphand Foods PCL   817,500    552,276 
PTT Exploration & Production PCL   155,400    684,890 
PTT PCL   536,200    638,231 

 
 

Security Description  Shares   Value 
Thailand (continued)          
Thai Beverage PCL(b)   1,442,600   $524,623 
Total Thailand        3,370,359 
           
TOTAL COMMON STOCKS          
(Cost $26,474,356)        28,031,958 

 

Security Description  Shares   Value 
PREFERRED STOCK (4.22%)          
Brazil (2.35%)          
Itausa SA(d)   249,400    694,224 
           
Colombia (1.87%)          
Grupo Argos SA/Colombia   155,136    549,922 
           
TOTAL PREFERRED STOCK          
(Cost $1,028,314)        1,244,146 

 

    7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (12.87%)
Money Market Fund (0.16%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)               
(Cost $48,418)   3.63%   48,418   $48,418 
                
Investments Purchased with Collateral from Securities Loaned (12.71%)               
State Street Navigator Securities Lending Government Money Market Portfolio, 3.70%               
(Cost $3,743,293)        3,743,293    3,743,293 
TOTAL SHORT TERM INVESTMENTS
(Cost $3,791,711)             3,791,711 
                
TOTAL INVESTMENTS (112.24%)
(Cost $31,294,381)            $33,067,815 
LIABILITIES IN EXCESS OF OTHER ASSETS (-12.24%)             (3,606,169)
NET ASSETS - 100.00%            $29,461,646 

  

(a) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $1,796,939, representing 6.10% of net assets.
(b) Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $5,104,401.
(c) Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration.  Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of February 28, 2026, the market value of those securities was $1,797,526, representing 6.10% of net assets.
(d) Non-income producing security.
(e) Less than 0.005%.
(f) Security deemed to be illiquid under the procedures utilized by the Valuation Designee. As of February 28, 2026, the fair value of illiquid securities in the aggregate was $1,233, representing less than 0.005% of the Fund's net assets.
(g) As a result of the use of significant unobservable inputs to determine fair value, these investments have been classified as Level 3 securities under the fair value hierarchy.

 

See Notes to Quarterly Schedule of Investments.

 
 

ALPS Equal Sector Weight ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Shares   Value 
EXCHANGE TRADED FUNDS (99.98%)(a)          
Communication Services (8.56%)          
Communication Services Select Sector SPDR Fund   483,562   $57,084,494 
           
Consumer Discretionary (8.10%)          
Consumer Discretionary Select Sector SPDR Fund(b)   462,378    54,033,493 
           
Consumer Staples (9.65%)          
Consumer Staples Select Sector SPDR Fund(b)   715,344    64,388,113 
           
Energy (10.71%)          
Energy Select Sector SPDR Fund(b)   1,277,158    71,418,675 
           
Financials (7.92%)          
Financial Select Sector SPDR Fund   1,027,688    52,853,994 
           
Healthcare (8.73%)          
Health Care Select Sector SPDR Fund(b)   363,641    58,255,288 
           
Industrials (9.60%)          
Industrial Select Sector SPDR Fund   361,540    64,043,196 
           
Materials (9.95%)          
Materials Select Sector SPDR Fund(b)   1,242,292    66,350,816 
           
Real Estate (9.19%)          
Real Estate Select Sector SPDR Fund   1,397,509    61,266,795 
           
Technology (8.11%)          
Technology Select Sector SPDR Fund   389,634    54,065,614 
           
Utilities (9.46%)          
Utilities Select Sector SPDR Fund   1,322,181    63,107,699 
           
TOTAL EXCHANGE TRADED FUNDS          
(Cost $533,227,098)        666,868,177 
7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (14.07%)
Money Market Fund (0.03%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)               
(Cost $176,847)   3.63%   176,847   $176,847 
                
Investments Purchased with Collateral from Securities Loaned (14.04%)               
State Street Navigator Securities Lending Government Money Market Portfolio, 3.70%               
(Cost $93,630,899)        93,630,899   $93,630,899 
TOTAL SHORT TERM INVESTMENTS
(Cost $93,807,746)             93,807,746 
                
TOTAL INVESTMENTS (114.05%)
(Cost $627,034,844)            $760,675,923 
LIABILITIES IN EXCESS OF OTHER ASSETS (-14.05%)             (93,709,888)
NET ASSETS - 100.00%            $666,966,035 

  

(a) The financial statements of the Underlying Sector ETFs, including the portfolio of investments, are included in The Select Sector SPDR Trust's N-CSR filing dated March 6, 2026, available at www.sec.gov or can be found at www.ssga.com and should be read in conjunction with the Fund's financial statements.
(b) Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $93,707,476.

  

Common Abbreviations:

SPDR® - Standard & Poor's Depositary Receipts

 

See Notes to Quarterly Schedule of Investments.

   

 

ALPS International Sector Dividend Dogs ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Shares   Value 
COMMON STOCKS (99.56%)          
Australia (8.34%)          
BHP Group, Ltd.   301,251   $12,522,201 
Fortescue, Ltd.   597,628    8,990,852 
Origin Energy, Ltd.   1,177,710    10,183,090 
Woodside Energy Group, Ltd.   555,326    11,188,010 
Total Australia        42,884,153 
           
Austria (2.08%)          
OMV AG   164,788   $10,670,301 
           
Denmark (3.46%)          
A P Moller-Maersk A/S(a)   3,966    9,830,958 
Coloplast A/S, Class B   103,005    7,949,023 
Total Denmark        17,779,981 
           
Finland (4.23%)          
Nokia Oyj   1,476,545    11,312,542 
UPM-Kymmene Oyj(b)   327,193    10,430,773 
Total Finland        21,743,315 
           
France (19.79%)          
BNP Paribas SA   99,645    11,244,222 
Bouygues SA   180,361    11,226,876 
Cap Gemini SA   52,706    6,660,570 
Carrefour SA   549,101    10,410,282 
Cie Generale des Etablissements Michelin SCA(b)   277,433    11,276,831 
Engie SA(b)   358,602    12,258,340 
Orange SA(b)   568,811    12,225,629 
Pernod Ricard SA(b)   102,158    9,446,757 
Publicis Groupe SA   88,901    7,922,527 
Sanofi SA   93,383    9,070,060 
Total France        101,742,094 
           
Germany (7.33%)          
BASF SE   174,079    10,017,189 
Bayerische Motoren Werke AG   81,141    8,577,086 
Daimler Truck Holding AG   202,312    10,286,403 
Mercedes-Benz Group AG   126,098    8,790,847 
Total Germany        37,671,525 
           
Hong Kong (3.83%)          
China Resources Power Holdings Co., Ltd.(b)   3,951,600    9,435,270 
Security Description  Shares   Value 
Hong Kong (continued)          
WH Group, Ltd.(c)(d)   8,153,000   $10,254,559 
Total Hong Kong        19,689,829 
           
Italy (5.72%)          
Banca Monte dei Paschi di Siena SpA(b)   952,994    9,344,028 
Banco BPM SpA(b)   628,827    9,313,781 
Enel SpA   892,356    10,748,635 
Total Italy        29,406,444 
           
Japan (10.30%)          
Astellas Pharma, Inc.   691,600    11,521,131 
Canon, Inc.(b)   297,263    9,064,556 
Kyocera Corp.(b)   632,900    11,199,815 
Nippon Steel Corp.(b)   2,252,900    9,175,196 
Takeda Pharmaceutical Co., Ltd.   321,000    11,961,060 
Total Japan        52,921,758 
           
Netherlands (1.24%)          
Stellantis NV(b)   774,980    6,355,988 
           
Norway (6.78%)          
Aker BP ASA   370,159    11,141,792 
Equinor ASA   397,707    11,778,582 
Telenor ASA   642,167    11,906,865 
Total Norway        34,827,239 
           
Poland (6.20%)          
Bank Polska Kasa Opieki SA   159,388    10,090,135 
ORLEN SA   351,203    11,269,870 
Santander Bank Polska SA   63,684    10,536,916 
Total Poland        31,896,921 
           
Portugal (2.15%)          
EDP SA   2,072,147    11,057,197 
           
Singapore (2.06%)          
Singapore Airlines, Ltd.   1,864,115    10,581,347 
           
Sweden (5.99%)          
Evolution AB(b)(c)(d)   134,687    8,181,837 
Telefonaktiebolaget LM Ericsson, Class B   950,413    11,006,877 
Telia Co. AB   2,254,959    11,580,032 
Total Sweden        30,768,746 
           
Switzerland (1.90%)          
Kuehne + Nagel International AG(b)   41,849    9,762,136 

   

 

Security Description  Shares   Value 
United Kingdom (8.16%)          
British American Tobacco PLC   161,249   $10,083,088 
GSK PLC   374,601    11,111,367 
Imperial Brands PLC   214,968    9,632,611 
Vodafone Group PLC   7,222,468    11,144,732 
Total United Kingdom        41,971,798 
           
TOTAL COMMON STOCKS          
(Cost $408,454,356)        511,730,772 

 

    7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (9.86%)
Money Market Fund (0.18%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)               
(Cost $933,035)   3.63%   933,035   $933,035 
                
Investments Purchased with Collateral from Securities Loaned (9.68%)               
State Street Navigator Securities Lending Government Money Market Portfolio, 3.70%               
(Cost $49,776,503)        49,776,503    49,776,503 
TOTAL SHORT TERM INVESTMENTS
(Cost $50,709,538)             50,709,538 
                
TOTAL INVESTMENTS (109.42%)
(Cost $459,163,894)            $562,440,310 
LIABILITIES IN EXCESS OF OTHER ASSETS (-9.42%)             (48,425,544)
NET ASSETS - 100.00%            $514,014,766 

  

(a) Non-income producing security.
(b) Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $72,055,618.
(c) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $18,436,396, representing 3.59% of net assets.
(d) Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration.  Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of February 28, 2026, the market value of those securities was $18,436,396, representing 3.59% of net assets.

 

See Notes to Quarterly Schedule of Investments.

   

 

ALPS Medical Breakthroughs ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Shares   Value 
COMMON STOCKS (99.99%)          
Biotechnology (80.85%)          
ACADIA Pharmaceuticals, Inc.(a)   150,789   $3,703,378 
Agios Pharmaceuticals, Inc.(a)   51,973    1,571,144 
Akebia Therapeutics, Inc.(a)(b)   236,514    309,833 
Alkermes PLC(a)(b)   147,168    4,429,756 
Altimmune, Inc.(a)(b)   92,999    400,826 
Amicus Therapeutics, Inc.(a)   274,988    3,951,577 
Anavex Life Sciences Corp.(a)(b)   79,635    352,783 
Apellis Pharmaceuticals, Inc.(a)(b)   112,768    2,363,617 
Apogee Therapeutics, Inc.(a)   48,872    3,421,040 
Arcturus Therapeutics Holdings, Inc.(a)(b)   25,324    208,417 
ArriVent Biopharma, Inc.(a)   36,792    845,112 
ARS Pharmaceuticals, Inc.(a)(b)   88,100    817,568 
Bicara Therapeutics, Inc.(a)(b)   48,826    819,300 
Bicycle Therapeutics PLC, ADR(a)(b)   44,503    255,002 
Candel Therapeutics, Inc.(a)(b)   48,929    256,877 
Celcuity, Inc.(a)(b)   41,241    4,607,031 
Celldex Therapeutics, Inc.(a)(b)   59,226    1,782,110 
CG oncology, Inc.(a)(b)   71,897    4,227,544 
Compass Therapeutics, Inc.(a)(b)   158,523    895,655 
Corvus Pharmaceuticals, Inc.(a)(b)   66,564    1,215,459 
Day One Biopharmaceuticals, Inc.(a)(b)   91,514    970,048 
Denali Therapeutics, Inc.(a)(b)   131,033    2,775,279 
Design Therapeutics, Inc.(a)   50,771    530,049 
Dianthus Therapeutics, Inc.(a)   38,214    2,109,031 
Disc Medicine, Inc.(a)(b)   33,646    2,241,497 
Forte Biosciences, Inc.(a)   11,166    337,437 
Galapagos NV, Sponsored ADR(a)(b)   58,387    1,965,306 
Geron Corp.(a)   568,951    955,838 
Ideaya Biosciences, Inc.(a)(b)   78,135    2,515,947 
Immatics NV(a)   119,488    1,235,506 
Immunocore Holdings PLC, ADR(a)(b)   45,035    1,454,631 
KalVista Pharmaceuticals, Inc.(a)(b)   45,051    733,430 
Kura Oncology, Inc.(a)   77,558    677,081 
Kymera Therapeutics, Inc.(a)(b)   70,365    6,427,843 
MannKind Corp.(a)   273,687    897,693 
Mineralys Therapeutics, Inc.(a)   70,537    2,063,913 
Mirum Pharmaceuticals, Inc.(a)(b)   45,804    4,227,250 
MoonLake Immunotherapeutics(a)   63,143    1,105,634 
Neurogene, Inc.(a)(b)   13,806    324,303 
Newamsterdam Pharma Co. NV(a)(b)   101,063    3,583,693 
Security Description  Shares   Value 
Biotechnology (continued)          
Novavax, Inc.(a)(b)   144,833   $1,468,607 
Olema Pharmaceuticals, Inc.(a)   70,109    1,696,638 
Oruka Therapeutics, Inc.(a)(b)   43,144    1,484,585 
Palvella Therapeutics, Inc.(a)   10,552    1,424,731 
Protara Therapeutics, Inc.(a)(b)   46,015    292,655 
REGENXBIO, Inc.(a)(b)   45,118    407,867 
Relay Therapeutics, Inc.(a)   154,480    1,584,965 
Rezolute, Inc.(a)(b)   82,647    265,297 
Rigel Pharmaceuticals, Inc.(a)(b)   16,180    562,093 
Sarepta Therapeutics, Inc.(a)   93,395    1,565,300 
Sionna Therapeutics, Inc.(a)   39,776    1,453,415 
Spyre Therapeutics, Inc.(a)(b)   69,157    2,974,443 
Stoke Therapeutics, Inc.(a)(b)   50,908    1,853,560 
Taysha Gene Therapies, Inc.(a)(b)   244,138    1,105,945 
Tectonic Therapeutic, Inc.(a)(b)   16,682    391,193 
Travere Therapeutics, Inc.(a)(b)   79,744    2,375,574 
Tyra Biosciences, Inc.(a)   47,570    1,584,557 
Upstream Bio, Inc.(a)   48,162    369,884 
Vanda Pharmaceuticals, Inc.(a)   52,672    469,308 
Vera Therapeutics, Inc.(a)   56,977    2,324,092 
Vericel Corp.(a)   45,076    1,608,312 
Viking Therapeutics, Inc.(a)(b)   100,746    3,409,245 
Xencor, Inc.(a)   63,648    812,785 
Xenon Pharmaceuticals, Inc.(a)   68,873    2,977,380 
Zai Lab, Ltd., ADR(a)(b)   99,972    1,921,462 
Zenas Biopharma, Inc.(a)(b)   47,842    1,260,637 
Zura Bio, Ltd.(a)   57,952    383,642 
Total Biotechnology        111,593,610 
           
Health Care Equipment & Supplies (0.20%)          
Delcath Systems, Inc.(a)(b)   31,472    280,101 
           
Health Care Providers & Services (0.31%)          
Fulgent Genetics, Inc.(a)   27,554    422,403 
           
Pharmaceuticals (18.63%)          
Aardvark Therapeutics, Inc.(a)   19,407    242,393 
Aclaris Therapeutics, Inc.(a)(b)   96,567    277,147 
Alto Neuroscience, Inc.(a)   27,688    545,177 
Amylyx Pharmaceuticals, Inc.(a)(b)   97,879    1,484,824 
Atea Pharmaceuticals, Inc.(a)(b)   69,634    325,887 
Crinetics Pharmaceuticals, Inc.(a)(b)   84,576    3,476,074 
Edgewise Therapeutics, Inc.(a)   94,360    2,872,318 
Maze Therapeutics, Inc.(a)   42,889    1,955,310 
MBX Biosciences, Inc.(a)   40,022    1,302,716 
Nuvation Bio, Inc.(a)(b)   305,559    1,805,854 
Oculis Holding AG(a)   50,955    1,498,587 
Pharvaris NV(a)   57,094    1,620,899 
Rapport Therapeutics, Inc.(a)(b)   42,477    1,233,107 
Structure Therapeutics, Inc., ADR(a)   54,083    3,406,147 
Tarsus Pharmaceuticals, Inc.(a)   37,835    2,857,300 

   

 

Security Description  Shares   Value 
Pharmaceuticals (continued)          
Theravance Biopharma, Inc.(a)(b)   45,164   $824,243 
Total Pharmaceuticals        25,727,983 
           
TOTAL COMMON STOCKS          
(Cost $129,715,528)        138,024,097 

 

7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (12.52%)
Money Market Fund (0.04%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)               
(Cost $50,717)   3.63%   50,717   $50,717 
                
Investments Purchased with Collateral from Securities Loaned (12.48%)               
State Street Navigator Securities Lending Government Money Market Portfolio, 3.70%               
(Cost $17,227,119)        17,227,119    17,227,119 
TOTAL SHORT TERM INVESTMENTS
(Cost $17,277,836)             17,277,836 
                
TOTAL INVESTMENTS (112.51%)
(Cost $146,993,364)            $155,301,933 
LIABILITIES IN EXCESS OF OTHER ASSETS (-12.51%)             (17,273,310)
NET ASSETS - 100.00%            $138,028,623 

 

(a) Non-income producing security.
(b) Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $37,769,543.

 

See Notes to Quarterly Schedule of Investments.

   

 

ALPS Nautilus SMR Nuclear & Technology ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Shares   Value 
COMMON STOCKS (99.99%)          
Artificial Intelligence (24.91%)          
Advanced Micro Devices, Inc.(a)   229   $45,848 
Ambiq Micro, Inc.(a)   189    5,802 
Analog Devices, Inc.   69    24,550 
Arista Networks, Inc.(a)   141    18,824 
ARM Holdings PLC, ADR(a)   142    18,098 
Astera Labs, Inc.(a)   941    111,819 
C3.ai, Inc.(a)   1,495    11,885 
Cisco Systems, Inc.   552    43,862 
Coherent Corp.(a)   551    142,670 
CoreWeave, Inc.(a)   1,242    98,814 
Crowdstrike Holdings, Inc., Class A(a)   28    10,415 
Intel Corp.(a)   595    27,138 
Lumentum Holdings, Inc.(a)   206    144,387 
Micron Technology, Inc.   281    115,876 
Nebius Group NV(a)   1,317    120,097 
Palantir Technologies, Inc., Class A(a)   302    41,432 
Palo Alto Networks, Inc.(a)   94    13,998 
QUALCOMM, Inc.   143    20,357 
Sandisk Corp.(a)   21    13,343 
Shanghai Biren Technology Co., Ltd.(a)   13,400    65,121 
Super Micro Computer, Inc.(a)(b)   3,895    126,159 
Taiwan Semiconductor Manufacturing Co., Ltd., ADR   322    120,615 
Veritone, Inc.(a)   925    2,609 
Vertiv Holdings Co.   504    128,465 
Whitefiber, Inc.(a)   112    1,887 
Total AI        1,474,071 
           
Nuclear Generation/Transmission (14.25%)          
CGN Power Co., Ltd.(c)(d)   510,000    204,694 
CLP Holdings, Ltd.   500    4,742 
Constellation Energy Corp.   927    305,798 
Dominion Energy, Inc.   688    43,440 
Duke Energy Corp.   622    81,389 
Endesa SA   253    10,335 
Entergy Corp.   351    37,596 
Fortum Oyj   345    8,076 
Korea Electric Power Corp., ADR   485    9,458 
Peninsula Energy, Ltd.(a)   15,494    8,270 
PG&E Corp.   1,752    33,288 
Public Service Enterprise Group, Inc.   395    33,998 
Talen Energy Corp.(a)   42    15,581 
Vistra Corp.   273    47,472 
Total Nuclear Generation/Transmission        844,137 
Security Description  Shares   Value 
Nuclear Plant Ops/Construction/SMRs (17.74%)          
AtkinsRealis Group, Inc.   135   $9,358 
Babcock International Group PLC   373    6,796 
BWX Technologies, Inc.   1,312    270,246 
GE Vernova, Inc.   211    184,329 
Mirion Technologies, Inc.(a)   164    3,544 
NANO Nuclear Energy, Inc.(a)   2,073    55,121 
NuScale Power Corp.(a)   9,340    120,019 
Oklo, Inc.(a)   4,033    253,876 
Perma-Fix Environmental Services, Inc.(a)   872    11,894 
Rolls-Royce Holdings PLC   6,572    118,106 
Terrestrial Energy, Inc.(a)   2,584    17,830 
Total Nuclear Plant Ops/Construction/SMRs        1,051,119 
           
Uranium/Miners (43.09%)          
Bannerman Energy, Ltd.(a)   9,545    31,586 
Boss Energy, Ltd.(a)   19,801    23,039 
Cameco Corp.   2,213    262,019 
Centrus Energy Corp.(a)   922    186,788 
CGN Mining Co., Ltd.   143,000    89,748 
Deep Yellow, Ltd.(a)   45,784    85,691 
Denison Mines Corp.(a)   45,076    188,418 
Encore Energy Corp.(a)   9,154    24,716 
Energy Fuels, Inc.(a)   12,100    257,972 
Honeywell International, Inc.   508    123,744 
IsoEnergy, Ltd.(a)   1,638    19,321 
Lightbridge Corp.(a)   1,542    19,938 
Lotus Resources, Ltd.(a)   11,980    18,671 
NAC Kazatomprom JSC, GDR(d)   3,016    247,312 
NexGen Energy, Ltd.(a)   22,320    285,249 
Paladin Energy, Ltd.(a)   22,359    213,057 
Silex Systems, Ltd.(a)   11,459    56,268 
Uranium Energy Corp.(a)   16,942    259,721 
Uranium Royalty Corp.(a)   5,946    25,508 
Ur-Energy, Inc.(a)   16,972    28,343 
Yellow Cake PLC(a)(c)(d)   12,132    103,984 
Total Uranium/Miners        2,551,093 
           
TOTAL COMMON STOCKS          
(Cost $5,994,148)        5,920,420 

 

    7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (2.41%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)   3.63%   142,647   $142,647 
                
TOTAL SHORT TERM INVESTMENTS
(Cost $142,647)             142,647 
                
TOTAL INVESTMENTS (102.40%)
(Cost $6,136,795)            $6,063,067 
LIABILITIES IN EXCESS OF OTHER ASSETS (-2.40%)             (142,013)
NET ASSETS - 100.00%            $5,921,054 

   

 

(a) Non-income producing security.
(b) Security, or a portion of security, is being held as collateral for written options contracts aggregating a total market value of  $16,195
(c) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $308,678, representing 5.21% of net assets.
(d) Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration.  Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of February 28, 2026, the market value of those securities was $555,990, representing 9.39% of net assets.

 

WRITTEN OPTION CONTRACTS 0.00%

 

Security Description  Expiration
Date		  Strike
Price		   Contracts  Premiums
Received		   Notional
Value		   Value
(Note 2)		 
Written Call Option Contracts - 0.00%                          
Super Micro Computer, Inc.  03/27/26  $40.00   5  $190    (20,000)   (220)
                           
TOTAL WRITTEN OPTION CONTRACTS          $190   $(20,000)  $(220)

 

See Notes to Quarterly Schedule of Investments.

   

 

ALPS | O'Shares International Developed Quality Dividend ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Shares   Value 
COMMON STOCKS (99.13%)          
Aerospace & Defense (5.31%)          
Airbus SE   1,800   $391,856 
Rolls-Royce Holdings PLC   36,135    649,381 
Safran SA   2,828    1,136,132 
Total Aerospace & Defense        2,177,369 
           
Automobiles (3.85%)          
Ferrari NV(a)   1,786    678,263 
Toyota Motor Corp.   37,000    906,253 
Total Automobiles        1,584,516 
           
Banks (8.51%)          
Commonwealth Bank of Australia(a)   9,472    1,177,066 
HSBC Holdings PLC   82,813    1,555,303 
Nordea Bank Abp   38,919    756,600 
Total Banks        3,488,969 
           
Biotechnology (0.59%)          
CSL, Ltd.   2,324    242,722 
           
Broadline Retail (4.53%)          
Dollarama, Inc.   4,188    616,571 
Prosus NV   13,940    716,675 
Wesfarmers, Ltd.   9,242    523,664 
Total Broadline Retail        1,856,910 
           
Capital Markets (3.40%)          
3i Group PLC   14,776    661,508 
Brookfield Asset Management, Ltd., Class A   15,690    733,508 
Total Capital Markets        1,395,016 
           
Consumer Staples Distribution & Retail (1.56%)          
Alimentation Couche-Tard, Inc.   10,568    641,339 
           
Diversified Telecommunication Services (2.66%)          
Deutsche Telekom AG   27,111    1,092,051 
           
Electric Utilities (2.99%)          
Iberdrola SA   51,814    1,227,529 
           
Electrical Equipment (5.80%)          
ABB, Ltd.   13,150    1,228,371 
Schneider Electric SE   3,527    1,153,148 
Total Electrical Equipment        2,381,519 
           
Electronic Equipment, Instruments & Components (2.06%)          
Keyence Corp.   2,000    846,028 
Security Description  Shares   Value 
Entertainment (1.07%)          
Nintendo Co., Ltd.(a)   7,600   $437,755 
           
Food Products (3.28%)          
Nestle SA(a)   12,305    1,344,051 
           
Ground Transportation (2.09%)          
Canadian National Railway Co.   7,622    855,321 
           
Health Care Equipment & Supplies (2.15%)          
Alcon AG   2,270    197,402 
EssilorLuxottica SA   1,147    305,213 
Hoya Corp.   2,100    380,088 
Total Health Care Equipment & Supplies        882,703 
           
Household Durables (1.29%)          
Sony Group Corp.   22,700    529,543 
           
Industrial Conglomerates (4.96%)          
Hitachi Ltd.   25,800    863,387 
Siemens AG   3,984    1,164,635 
Total Industrial Conglomerates        2,028,022 
           
Machinery (2.68%)          
Atlas Copco AB(a)   50,940    1,100,608 
           
Personal Care Products (4.89%)          
L'Oreal SA   2,055    964,962 
Unilever PLC   14,150    1,042,519 
Total Personal Care Products        2,007,481 
           
Pharmaceuticals (12.41%)          
AstraZeneca PLC   4,277    895,829 
GSK PLC   8,197    243,138 
Novartis AG   9,007    1,528,794 
Novo Nordisk A/S, Class B   15,117    568,716 
Roche Holding AG   2,712    1,294,536 
Sanofi SA   5,689    552,559 
Total Pharmaceuticals        5,083,572 
           
Professional Services (4.75%)          
Experian PLC   12,313    462,300 
Recruit Holdings Co., Ltd.   14,600    641,908 
RELX PLC   18,073    629,363 
Wolters Kluwer NV   2,648    213,077 
Total Professional Services        1,946,648 
           
Semiconductors & Semiconductor Equipment (5.63%)          
ASML Holding NV   1,584    2,308,499 
           
Software (3.07%)          
Constellation Software, Inc.   162    299,364 
SAP SE   4,757    960,944 
Total Software        1,260,308 
           
Specialty Retail (3.61%)          
Fast Retailing Co., Ltd.   2,000    884,065 

   

 

Security Description  Shares   Value 
Specialty Retail (continued)          
Industria de Diseno Textil SA(a)   8,856   $594,579 
Total Specialty Retail        1,478,644 
           
Textiles, Apparel & Luxury Goods (3.75%)          
Hermes International SCA   279    675,487 
LVMH Moet Hennessy Louis Vuitton SE   1,341    862,139 
Total Textiles, Apparel & Luxury Goods        1,537,626 
           
Trading Companies & Distributors (2.24%)          
ITOCHU Corp.   63,500    923,030 
           
TOTAL COMMON STOCKS          
(Cost $33,327,881)        40,657,779 

 

    7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (8.19%)
Money Market Fund (0.05%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)               
(Cost $19,280)   3.63%   19,280   $19,280 
                
Investments Purchased with Collateral from Securities Loaned (8.14%)               
State Street Navigator Securities Lending Government Money Market Portfolio, 3.70%               
(Cost $3,339,166)        3,339,166    3,339,166 
TOTAL SHORT TERM INVESTMENTS
(Cost $3,358,446)             3,358,446 
                
TOTAL INVESTMENTS (107.32%)
(Cost $36,686,327)            $44,016,225 
LIABILITIES IN EXCESS OF OTHER ASSETS (-7.32%)             (3,002,089)
NET ASSETS - 100.00%            $41,014,136 

 

(a) Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $3,203,954.

 

See Notes to Quarterly Schedule of Investments.

   

 

ALPS | O'Shares Global Internet Giants ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Shares   Value 
COMMON STOCKS (99.95%)          
Broadline Retail (13.42%)          
Alibaba Group Holding, Ltd., Sponsored ADR   7,672   $1,105,612 
Amazon.com, Inc.(a)   32,135    6,748,351 
JD.com, Inc., ADR   16,366    434,190 
MercadoLibre, Inc.(a)   1,366    2,400,854 
Naspers, Ltd.   24,796    1,378,532 
PDD Holdings, Inc., ADR(a)   28,217    2,926,949 
Total Broadline Retail        14,994,488 
           
Diversified Consumer Services (0.95%)          
Duolingo, Inc.(a)(b)   10,459    1,056,359 
           
Entertainment (9.60%)          
Live Nation Entertainment, Inc.(a)   6,699    1,086,176 
NetEase, Inc., ADR   5,563    639,578 
Netflix, Inc.(a)   29,357    2,825,318 
ROBLOX Corp., Class A(a)   25,776    1,769,780 
Spotify Technology SA(a)   3,177    1,635,964 
Take-Two Interactive Software, Inc.(a)   7,321    1,548,245 
Tencent Music Entertainment Group, ADR   84,088    1,227,685 
Total Entertainment        10,732,746 
           
Ground Transportation (3.04%)          
Grab Holdings, Ltd.(a)(b)   338,800    1,429,736 
Uber Technologies, Inc.(a)   26,176    1,974,194 
Total Ground Transportation        3,403,930 
           
Health Care Technology (0.80%)          
Veeva Systems, Inc., Class A(a)   4,899    891,667 
           
Hotels, Restaurants & Leisure (5.08%)          
Airbnb, Inc., Class A(a)   6,569    887,538 
Booking Holdings, Inc.   204    864,827 
DoorDash, Inc., Class A(a)   10,278    1,813,759 
Meituan, Class B(a)(c)(d)   96,017    995,958 
Trip.com Group, Ltd., ADR   21,300    1,120,806 
Total Hotels, Restaurants & Leisure        5,682,888 
           
Interactive Media & Services (19.63%)          
Alphabet, Inc., Class A   26,924    8,393,825 
Kuaishou Technology(c)(d)   96,600    776,045 
Meta Platforms, Inc., Class A   12,892    8,356,337 
Pinterest, Inc., Class A(a)   44,069    754,902 
Reddit, Inc.(a)   10,165    1,482,159 
Tencent Holdings, Ltd.   32,717    2,166,246 
Total Interactive Media & Services        21,929,514 
           
IT Services (6.90%)          
Cloudflare, Inc., Class A(a)   12,086    2,081,088 
Security Description  Shares   Value 
IT Services (continued)          
MongoDB, Inc.(a)   3,771   $1,238,660 
Shopify, Inc., Class A(a)   19,605    2,366,912 
Snowflake, Inc., Class A(a)   12,048    2,029,004 
Total IT Services        7,715,664 
           
Media (0.85%)          
Trade Desk, Inc., Class A(a)   39,935    951,252 
           
Professional Services (0.75%)          
Paychex, Inc.   8,937    836,950 
           
Real Estate Management & Development (1.62%)          
CoStar Group, Inc.(a)   22,310    995,695 
Zillow Group, Inc.(a)   18,319    817,394 
Total Real Estate Management & Development        1,813,089 
           
Software (37.31%)          
Adobe, Inc.(a)   2,709    710,869 
AppLovin Corp., Class A(a)   4,505    1,958,639 
Atlassian Corp., Class A(a)   11,128    836,047 
Crowdstrike Holdings, Inc., Class A(a)   5,093    1,894,494 
Datadog, Inc., Class A(a)   13,954    1,562,290 
Fair Isaac Corp.(a)   778    1,096,482 
Fortinet, Inc.(a)   13,254    1,047,464 
Guidewire Software, Inc.(a)   7,333    1,065,632 
HubSpot, Inc.(a)   3,893    1,029,737 
Intuit, Inc.   2,852    1,166,554 
Microsoft Corp.   17,398    6,832,890 
Nutanix, Inc.(a)   26,753    1,024,105 
Oracle Corp.   23,446    3,409,047 
Palantir Technologies, Inc., Class A(a)   26,200    3,594,377 
Palo Alto Networks, Inc.(a)   18,481    2,752,191 
Rubrik, Inc.(a)   24,862    1,291,830 
Salesforce, Inc.   5,144    1,002,000 
Samsara, Inc., Class A(a)   47,980    1,386,622 
SAP SE   5,843    1,180,323 
ServiceNow, Inc.(a)   14,494    1,565,497 
WiseTech Global, Ltd.(b)   46,463    1,571,923 
Workday, Inc., Class A(a)   5,698    762,164 
Xero, Ltd.(a)   27,939    1,653,049 
Zscaler, Inc.(a)   8,838    1,299,098 
Total Software        41,693,324 
           
TOTAL COMMON STOCKS          
(Cost $102,041,190)        111,701,871 

   

 

    7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (3.06%)
Money Market Fund (0.07%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)               
(Cost $79,018)   3.63%   79,018   $79,018 
                
                
Investments Purchased with Collateral from Securities Loaned (2.99%)               
State Street Navigator Securities Lending Government Money Market Portfolio, 3.70%               
(Cost $3,343,657)        3,343,657   $3,343,657 
TOTAL SHORT TERM INVESTMENTS
(Cost $3,422,675)             3,422,675 
                
TOTAL INVESTMENTS (103.01%)
(Cost $105,463,865)            $115,124,546 
LIABILITIES IN EXCESS OF OTHER ASSETS (-3.01%)             (3,364,181)
NET ASSETS - 100.00%            $111,760,365 

  

(a) Non-income producing security.
(b) Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $3,063,614.
(c) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $1,772,003, representing 1.59% of net assets.
(d) Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration.  Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of February 28, 2026, the market value of those securities was $1,772,003, representing 1.59% of net assets.

 

See Notes to Quarterly Schedule of Investments.

   

 

ALPS | O'Shares U.S. Quality Dividend ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Shares   Value 
COMMON STOCKS (99.87%)          
Aerospace & Defense (1.69%)          
General Dynamics Corp.   12,156   $4,340,300 
Lockheed Martin Corp.   6,461    4,251,855 
Northrop Grumman Corp.   4,140    2,998,933 
RTX Corp.   8,864    1,796,024 
Total Aerospace & Defense        13,387,112 
           
Air Freight & Logistics (0.52%)          
Expeditors International of Washington, Inc.   9,791    1,419,989 
United Parcel Service, Inc., Class B   23,463    2,720,769 
Total Air Freight & Logistics        4,140,758 
           
Banks (0.70%)          
JPMorgan Chase & Co.   18,352    5,511,106 
           
Beverages (2.08%)          
Coca-Cola Co.   135,231    11,029,440 
PepsiCo, Inc.   32,081    5,445,429 
Total Beverages        16,474,869 
           
Biotechnology (1.78%)          
AbbVie, Inc.   8,858    2,055,765 
Amgen, Inc.   14,345    5,568,155 
Gilead Sciences, Inc.   43,260    6,443,577 
Total Biotechnology        14,067,497 
           
Building Products (0.32%)          
Trane Technologies PLC   5,512    2,548,308 
           
Capital Markets (4.06%)          
Blackrock, Inc.   4,172    4,435,796 
Cboe Global Markets, Inc.   21,592    6,471,554 
Moody's Corp.   16,492    7,876,415 
MSCI, Inc.   9,316    5,327,168 
S&P Global, Inc.   10,657    4,709,115 
T Rowe Price Group, Inc.   35,486    3,358,040 
Total Capital Markets        32,178,088 
           
Commercial Services & Supplies (0.81%)          
Cintas Corp.   11,435    2,299,922 
Republic Services, Inc.   4,712    1,079,048 
Waste Management, Inc.   12,442    2,996,531 
Total Commercial Services & Supplies        6,375,501 
           
Communications Equipment (3.95%)          
Cisco Systems, Inc.   290,259    23,063,981 
Motorola Solutions, Inc.   16,998    8,197,455 
Total Communications Equipment        31,261,436 
Security Description  Shares   Value 
Consumer Staples Distribution & Retail (1.53%)          
Costco Wholesale Corp.   5,085   $5,139,867 
Walmart, Inc.   54,605    6,986,710 
Total Consumer Staples Distribution & Retail        12,126,577 
           
Diversified Telecommunication Services (1.62%)          
AT&T, Inc.   131,926    3,695,247 
Verizon Communications, Inc.   181,758    9,113,346 
Total Diversified Telecommunication Services        12,808,593 
           
Electrical Equipment (0.55%)          
AMETEK, Inc.   6,536    1,563,542 
Eaton Corp. PLC   7,400    2,781,808 
Total Electrical Equipment        4,345,350 
           
Electronic Equipment, Instruments & Components (0.93%)          
Amphenol Corp., Class A   50,171    7,327,976 
           
Entertainment (0.35%)          
Walt Disney Co.   26,472    2,807,091 
           
Financial Services (8.79%)          
Mastercard, Inc., Class A   65,642    33,950,699 
Visa, Inc., Class A   111,112    35,571,395 
Total Financial Services        69,522,094 
           
Food Products (0.35%)          
General Mills, Inc.   9,110    412,045 
Hershey Co.   5,541    1,309,227 
Mondelez International, Inc., Class A   16,727    1,030,049 
Total Food Products        2,751,321 
           
Ground Transportation (1.66%)          
CSX Corp.   57,670    2,461,932 
Norfolk Southern Corp.   6,516    2,050,846 
Union Pacific Corp.   32,558    8,627,219 
Total Ground Transportation        13,139,997 
           
Health Care Equipment & Supplies (2.94%)          
Abbott Laboratories   175,306    20,396,853 
Medtronic PLC   17,762    1,734,637 
Stryker Corp.   2,857    1,106,973 
Total Health Care Equipment & Supplies        23,238,463 
           
Health Care Providers & Services (0.62%)          
Cigna Group   2,422    701,944 
Elevance Health, Inc.   2,923    935,360 
UnitedHealth Group, Inc.   11,191    3,281,985 
Total Health Care Providers & Services        4,919,289 
           
Hotels, Restaurants & Leisure (5.09%)          
Booking Holdings, Inc.   318    1,348,113 
McDonald's Corp.   96,015    32,746,877 

   

 

Security Description  Shares   Value 
Hotels, Restaurants & Leisure (continued)          
Starbucks Corp.   21,870   $2,143,697 
Yum! Brands, Inc.   24,340    4,093,014 
Total Hotels, Restaurants & Leisure        40,331,701 
           
Household Durables (0.31%)          
Garmin, Ltd.   9,579    2,421,859 
           
Household Products (2.59%)          
Colgate-Palmolive Co.   34,087    3,379,385 
Kimberly-Clark Corp.   12,295    1,370,155 
Procter & Gamble Co.   94,168    15,744,890 
Total Household Products        20,494,430 
           
Industrial Conglomerates (0.99%)          
3M Co.   14,471    2,392,346 
Honeywell International, Inc.   22,209    5,409,890 
Total Industrial Conglomerates        7,802,236 
           
Insurance (4.73%)          
Allstate Corp.   25,359    5,440,013 
Chubb, Ltd.   20,124    6,859,467 
Marsh & McLennan Cos., Inc.   112,061    20,926,270 
Travelers Cos., Inc.   13,806    4,261,084 
Total Insurance        37,486,834 
           
Interactive Media & Services (5.25%)          
Alphabet, Inc., Class A   122,994    38,344,610 
Meta Platforms, Inc., Class A   4,912    3,183,860 
Total Interactive Media & Services        41,528,470 
           
IT Services (4.05%)          
Accenture PLC, Class A   117,433    24,510,615 
Cognizant Technology Solutions Corp., Class A   78,311    5,045,578 
International Business Machines Corp.   10,371    2,491,218 
Total IT Services        32,047,411 
           
Machinery (4.11%)          
Caterpillar, Inc.   8,866    6,585,930 
Cummins, Inc.   6,286    3,670,207 
Dover Corp.   8,396    1,893,298 
Graco, Inc.   12,714    1,194,099 
Illinois Tool Works, Inc.   31,110    9,041,498 
Otis Worldwide Corp.   33,692    3,118,532 
PACCAR, Inc.   17,741    2,236,963 
Parker-Hannifin Corp.   2,312    2,333,224 
Snap-on, Inc.   6,606    2,544,763 
Total Machinery        32,618,514 
           
Media (2.44%)          
Comcast Corp., Class A   624,665    19,339,628 
           
Personal Care Products (0.06%)          
Kenvue, Inc.   23,331    446,089 
           
Pharmaceuticals (9.91%)          
Bristol-Myers Squibb Co.   30,414    1,896,921 
Eli Lilly & Co.   4,359    4,585,624 
Security Description  Shares   Value 
Pharmaceuticals (continued)          
Johnson & Johnson   175,805   $43,675,236 
Merck & Co., Inc.   194,764    24,115,678 
Pfizer, Inc.   49,430    1,366,740 
Zoetis, Inc.   22,060    2,892,066 
Total Pharmaceuticals        78,532,265 
           
Professional Services (1.57%)          
Automatic Data Processing, Inc.   31,213    6,690,819 
Broadridge Financial Solutions, Inc.   5,596    1,040,129 
Paychex, Inc.   40,220    3,766,603 
Verisk Analytics, Inc.   4,306    893,796 
Total Professional Services        12,391,347 
           
Semiconductors & Semiconductor Equipment (2.65%)          
QUALCOMM, Inc.   41,407    5,894,701 
Texas Instruments, Inc.   71,102    15,081,445 
Total Semiconductors & Semiconductor Equipment        20,976,146 
           
Software (4.04%)          
Microsoft Corp.   77,153    30,301,069 
Salesforce, Inc.   8,648    1,684,544 
Total Software        31,985,613 
           
Specialty Retail (9.35%)          
Home Depot, Inc.   91,284    34,753,644 
Lowe's Cos., Inc.   52,363    13,853,679 
Ross Stores, Inc.   16,190    3,329,312 
TJX Cos., Inc.   136,678    22,095,365 
Total Specialty Retail        74,032,000 
           
Technology Hardware, Storage & Peripherals (4.60%)          
Apple, Inc.   138,225    36,516,282 
           
Tobacco (1.25%)          
Altria Group, Inc.   80,801    5,578,501 
Philip Morris International, Inc.   23,121    4,319,696 
Total Tobacco        9,898,197 
           
Trading Companies & Distributors (0.84%)          
Fastenal Co.   94,342    4,343,506 
WW Grainger, Inc.   2,040    2,335,249 
Total Trading Companies & Distributors        6,678,755 
           
Wireless Telecommunication Services (0.79%)          
T-Mobile US, Inc.   28,719    6,234,608 
           
TOTAL COMMON STOCKS          
(Cost $627,270,199)        790,693,811 

   

 

    7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (0.06%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)   3.63%   486,177   $486,177 
                
TOTAL SHORT TERM INVESTMENTS
(Cost $486,177)             486,177 
                
TOTAL INVESTMENTS (99.93%)
(Cost $627,756,376)            $791,179,988 
OTHER ASSETS IN EXCESS OF LIABILITIES (0.07%)             533,117 
NET ASSETS - 100.00%            $791,713,105 

 

See Notes to Quarterly Schedule of Investments.

   

 

ALPS | O'Shares U.S. Small-Cap Quality Dividend ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Shares   Value 
COMMON STOCKS (99.86%)          
Automobile Components (2.90%)          
Gentex Corp.   657,175   $15,377,895 
Lear Corp.   89,802    11,786,513 
Total Automobile Components        27,164,408 
           
Beverages (0.59%)          
Molson Coors Beverage Co., Class B   111,786    5,476,396 
           
Building Products (4.07%)          
A O Smith Corp.(a)   251,283    19,600,074 
Armstrong World Industries, Inc.   31,273    5,425,866 
Simpson Manufacturing Co., Inc.   26,792    5,186,127 
UFP Industries, Inc.   76,431    7,865,514 
Total Building Products        38,077,581 
           
Capital Markets (9.05%)          
Artisan Partners Asset Management, Inc., Class A   135,020    5,438,606 
Cohen & Steers, Inc.   88,595    5,924,348 
Diamond Hill Investment Group, Inc.   19,851    3,411,791 
Evercore, Inc., Class A   13,562    4,188,488 
Federated Hermes, Inc.   262,880    14,723,909 
Houlihan Lokey, Inc.   80,174    13,130,096 
Lazard, Inc., Class A   82,401    4,169,491 
MarketAxess Holdings, Inc.   29,598    5,682,816 
Moelis & Co., Class A   72,851    4,324,435 
PJT Partners, Inc.   15,114    2,232,036 
SEI Investments Co.   212,726    17,298,877 
Victory Capital Holdings, Inc.   60,126    4,159,517 
Total Capital Markets        84,684,410 
           
Commercial Services & Supplies (3.09%)          
Brady Corp., Class A   103,752    9,580,460 
Ennis, Inc.   185,083    3,907,102 
MSA Safety, Inc.   78,959    15,429,378 
Total Commercial Services & Supplies        28,916,940 
           
Consumer Finance (0.87%)          
FirstCash Holdings, Inc.   42,010    8,099,108 
           
Consumer Staples Distribution & Retail (0.39%)          
Albertsons Cos., Inc.   137,551    2,462,162 
PriceSmart, Inc.   7,646    1,182,225 
Total Consumer Staples Distribution & Retail        3,644,387 
Security Description  Shares   Value 
Distributors (2.01%)          
LKQ Corp.   567,144   $18,778,138 
           
Diversified Consumer Services (3.68%)          
ADT, Inc.   503,468    4,037,813 
Graham Holdings Co., Class B   3,180    3,349,208 
H&R Block, Inc.   358,145    10,966,400 
Service Corp. International   190,915    16,071,225 
Total Diversified Consumer Services        34,424,646 
           
Electric Utilities (1.38%)          
IDACORP, Inc.   20,347    2,929,358 
MGE Energy, Inc.   13,564    1,112,519 
OGE Energy Corp.   95,216    4,678,914 
Otter Tail Corp.   21,201    1,804,205 
Portland General Electric Co.   45,084    2,432,733 
Total Electric Utilities        12,957,729 
           
Electronic Equipment, Instruments & Components (7.26%)          
Avnet, Inc.   345,042    22,717,565 
Badger Meter, Inc.   71,268    10,863,381 
Littelfuse, Inc.   42,897    15,119,477 
TD SYNNEX Corp.   122,541    19,215,654 
Total Electronic Equipment, Instruments & Components        67,916,077 
           
Financial Services (8.50%)          
Enact Holdings, Inc.   135,379    5,664,257 
Essent Group, Ltd.   290,540    17,676,454 
MGIC Investment Corp.   645,581    17,127,264 
Radian Group, Inc.   525,777    18,149,822 
Western Union Co.   2,167,843    20,876,328 
Total Financial Services        79,494,125 
           
Food Products (3.86%)          
Bunge Global SA   85,681    10,337,413 
Cal-Maine Foods, Inc.(a)   54,011    4,704,898 
Campbell's Company(a)   78,248    2,108,784 
Conagra Brands, Inc.   365,884    7,043,267 
Flowers Foods, Inc.   144,940    1,432,007 
Fresh Del Monte Produce, Inc.   22,088    948,238 
Ingredion, Inc.   55,581    6,528,544 
J & J Snack Foods Corp.   8,021    698,308 
Lamb Weston Holdings, Inc.   12,430    599,002 
Marzetti Company   10,982    1,804,782 
Total Food Products        36,205,243 
           
Gas Utilities (1.70%)          
Chesapeake Utilities Corp.   7,100    965,387 
National Fuel Gas Co.   31,377    2,856,248 
New Jersey Resources Corp.   65,822    3,570,184 
Northwest Natural Holding Co.   15,265    809,656 
ONE Gas, Inc.   23,354    2,042,074 
Southwest Gas Holdings, Inc.   14,168    1,249,193 
Spire, Inc.   22,225    2,036,032 
UGI Corp.   62,816    2,349,947 
Total Gas Utilities        15,878,721 

   

 

Security Description  Shares   Value 
Ground Transportation (1.51%)          
Landstar System, Inc.   86,907   $14,161,496 
           
Health Care Providers & Services (6.31%)          
Chemed Corp.   40,768    16,715,288 
Encompass Health Corp.   147,234    15,883,604 
National HealthCare Corp.   161,678    26,434,352 
Total Health Care Providers & Services        59,033,244 
           
Hotels, Restaurants & Leisure (5.80%)          
Choice Hotels International, Inc.   37,225    3,921,654 
Texas Roadhouse, Inc.   111,500    20,390,004 
Vail Resorts, Inc.(a)   103,584    14,067,743 
Wendy's Co.   585,950    4,488,377 
Wyndham Hotels & Resorts, Inc.   138,929    11,364,392 
Total Hotels, Restaurants & Leisure        54,232,170 
           
Household Durables (1.21%)          
Meritage Homes Corp.   59,891    4,516,979 
Toll Brothers, Inc.   43,468    6,834,909 
Total Household Durables        11,351,888 
           
Household Products (0.24%)          
Energizer Holdings, Inc.   20,295    438,169 
Reynolds Consumer Products, Inc.   36,609    908,269 
WD-40 Co.   3,668    873,718 
Total Household Products        2,220,156 
           
Insurance (2.64%)          
Primerica, Inc.   68,041    17,259,280 
RLI Corp.   120,072    7,482,887 
Total Insurance        24,742,167 
           
IT Services (1.63%)          
Amdocs, Ltd.   218,792    15,271,682 
           
Machinery (13.00%)          
Allison Transmission Holdings, Inc.   153,772    19,267,632 
Crane Co.   26,588    5,331,692 
Donaldson Co., Inc.   228,474    21,193,248 
Federal Signal Corp.   34,487    4,015,321 
Franklin Electric Co., Inc.   82,565    8,225,125 
ITT, Inc.   87,275    17,665,333 
Lincoln Electric Holdings, Inc.   76,883    22,069,266 
Mueller Industries, Inc.   119,686    14,118,161 
Watts Water Technologies, Inc., Class A   29,387    9,660,682 
Total Machinery        121,546,460 
           
Media (4.10%)          
New York Times Co., Class A   247,022    19,709,885 
Nexstar Media Group, Inc.   45,304    11,372,210 
TEGNA, Inc.   348,702    7,305,307 
Total Media        38,387,402 
Security Description  Shares   Value 
Multi-Utilities (0.57%)          
Avista Corp.   31,432   $1,276,768 
Black Hills Corp.   30,011    2,210,610 
Northwestern Energy Group, Inc.   26,078    1,824,417 
Total Multi-Utilities        5,311,795 
           
Pharmaceuticals (2.51%)          
Royalty Pharma PLC, Class A   508,728    23,508,321 
           
Professional Services (1.82%)          
Exponent, Inc.   110,272    8,025,596 
Korn Ferry   144,004    9,024,731 
Total Professional Services        17,050,327 
           
Semiconductors & Semiconductor Equipment (1.59%)          
Skyworks Solutions, Inc.   250,000    14,895,000 
           
Software (3.36%)          
Dolby Laboratories, Inc., Class A   258,911    17,235,705 
InterDigital, Inc.(a)   38,774    14,211,834 
Total Software        31,447,539 
           
Specialty Retail (1.40%)          
Dick's Sporting Goods, Inc.(a)   23,032    4,690,006 
Murphy USA, Inc.(a)   9,592    3,747,978 
Penske Automotive Group, Inc.(a)   29,433    4,636,286 
Total Specialty Retail        13,074,270 
           
Textiles, Apparel & Luxury Goods (1.14%)          
Columbia Sportswear Co.   66,742    4,133,999 
Ralph Lauren Corp.   18,016    6,532,602 
Total Textiles, Apparel & Luxury Goods        10,666,601 
           
Tobacco (0.06%)          
Universal Corp.   10,181    547,025 
           
Trading Companies & Distributors (0.86%)          
Applied Industrial Technologies, Inc.   28,485    8,049,291 
           
Water Utilities (0.76%)          
American States Water Co.   17,224    1,283,705 
California Water Service Group   18,472    832,718 
Essential Utilities, Inc.   124,647    4,982,140 
Total Water Utilities        7,098,563 
           
TOTAL COMMON STOCKS          
(Cost $853,126,364)        934,313,306 

   

 

    7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (3.98%)
Money Market Fund (0.05%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)               
(Cost $477,571)   3.63%   477,571   $477,571 
                
                
Investments Purchased with Collateral from Securities Loaned (3.93%)               
State Street Navigator Securities Lending Government Money Market Portfolio, 3.70%               
(Cost $36,782,696)        36,782,696   $36,782,696 
TOTAL SHORT TERM INVESTMENTS
(Cost $37,260,267)             37,260,267 
                
TOTAL INVESTMENTS (103.84%)
(Cost $890,386,631)            $971,573,573 
LIABILITIES IN EXCESS OF OTHER ASSETS (-3.84%)             (35,963,062)
NET ASSETS - 100.00%            $935,610,511 

 

(a)Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $35,730,677.

 

See Notes to Quarterly Schedule of Investments.

   

 

ALPS REIT Dividend Dogs ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Shares   Value 
COMMON STOCKS (99.47%)          
Data Center REITs (2.70%)          
Equinix, Inc.   296   $288,381 
           
Diversified REITs (10.98%)          
AH Realty Trust Inc   31,855    199,094 
American Assets Trust, Inc.   11,549    225,436 
CTO Realty Growth, Inc.   12,439    242,312 
Gladstone Commercial Corp.   20,386    254,621 
Global Net Lease, Inc.   26,702    251,533 
Total Diversified REITs        1,172,996 
           
Health Care REITs (11.19%)          
Alexandria Real Estate Equities, Inc.   4,739    256,096 
Chiron Real Estate, Inc.   6,279    217,442 
Community Healthcare Trust, Inc.   14,445    246,865 
Sila Realty Trust, Inc.   9,649    248,269 
Universal Health Realty Income Trust   5,223    227,827 
Total Health Care REITs        1,196,499 
           
Hotel & Resort REITs (10.48%)          
Apple Hospitality REIT, Inc.   18,239    223,610 
Braemar Hotels & Resorts, Inc.   82,506    240,093 
Park Hotels & Resorts, Inc.(a)   20,329    229,921 
RLJ Lodging Trust   28,874    231,570 
Summit Hotel Properties, Inc.   43,189    194,782 
Total Hotel & Resort REITs        1,119,976 
           
Industrial REITs (10.75%)          
Americold Realty Trust, Inc.(a)   17,367    232,544 
Innovative Industrial Properties, Inc.(a)   3,901    206,597 
Lineage, Inc.   5,978    242,228 
LXP Industrial Trust   4,448    220,443 
One Liberty Properties, Inc.(a)   10,528    247,303 
Total Industrial REITs        1,149,115 
           
Multi-Family Residential REITs (8.15%)          
BRT Apartments Corp.(a)   14,673    215,253 
Centerspace   3,379    212,539 
NexPoint Residential Trust, Inc.   7,455    210,156 
UDR, Inc.   6,213    232,988 
Total Multi-Family Residential REITs        870,936 
           
Office REITs (10.67%)          
Brandywine Realty Trust   73,462    234,344 
Security Description  Shares   Value 
Office REITs (continued)          
Easterly Government Properties, Inc.   10,087   $234,825 
Highwoods Properties, Inc.   8,554    192,379 
Postal Realty Trust, Inc.(a)   14,315    296,750 
SL Green Realty Corp.   4,948    182,334 
Total Office REITs        1,140,632 
           
Retail REITs (11.58%)          
FrontView REIT, Inc.   14,685    243,330 
Getty Realty Corp.   7,755    254,519 
NNN REIT, Inc.   5,456    247,266 
Realty Income Corp.   3,824    256,208 
Saul Centers, Inc.   6,923    235,936 
Total Retail REITs        1,237,259 
           
Self-Storage REITs (2.43%)          
National Storage Affiliates Trust   7,421    259,884 
           
Single-Family Residential REITs (1.96%)          
UMH Properties, Inc.   13,867    209,114 
           
Specialized REITs (9.80%)          
EPR Properties   4,418    262,473 
Gaming and Leisure Properties, Inc.   5,082    248,561 
Gladstone Land Corp.   24,656    302,776 
VICI Properties, Inc.   7,717    233,130 
Total Specialized REITs        1,046,940 
           
Technology REITs (4.42%)          
Crown Castle, Inc.   2,433    217,851 
Digital Realty Trust, Inc.   1,435    254,282 
Total Technology REITs        472,133 
           
Telecom Tower REITs (4.36%)          
American Tower Corp.   1,220    234,069 
SBA Communications Corp.   1,155    232,340 
Total Telecom Tower REITs        466,409 
           
TOTAL COMMON STOCKS          
(Cost $11,158,770)        10,630,274 

 

    7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (9.06%)
Money Market Fund (0.36%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)               
(Cost $38,835)   3.63%   38,835   $38,835 

   

 

    7 Day Yield  Shares   Value 
Investments Purchased with Collateral from Securities Loaned (8.70%)               
State Street Navigator Securities Lending Government Money Market Portfolio, 3.70%               
(Cost $929,631)       929,631   $929,631 
TOTAL SHORT TERM INVESTMENTS
(Cost $968,466)             968,466 
                
TOTAL INVESTMENTS (108.53%)
(Cost $12,127,236)            $11,598,740 
LIABILITIES IN EXCESS OF OTHER ASSETS (-8.53%)             (911,331)
NET ASSETS - 100.00%            $10,687,409 

  

(a)Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $1,045,003.

 

See Notes to Quarterly Schedule of Investments.

   

 

ALPS Sector Dividend Dogs ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Shares   Value 
COMMON STOCKS (99.53%)          
Communication Services (10.46%)          
AT&T, Inc.   1,024,342   $28,691,820 
Comcast Corp., Class A   986,998    30,557,458 
Omnicom Group, Inc.   313,733    26,758,288 
T-Mobile US, Inc.   129,038    28,012,859 
Verizon Communications, Inc.   615,758    30,874,106 
Total Communication Services        144,894,531 
           
Consumer Discretionary (9.26%)          
Best Buy Co., Inc.   342,733    21,239,164 
Darden Restaurants, Inc.(a)   138,130   $29,539,100 
Ford Motor Co.   1,829,759    25,781,304 
Genuine Parts Co.   191,341    22,819,328 
Starbucks Corp.   295,032    28,919,037 
Total Consumer Discretionary        128,297,933 
           
Consumer Staples (9.86%)          
Altria Group, Inc.   428,510    29,584,331 
General Mills, Inc.   539,278    24,391,544 
Kenvue, Inc.   1,452,817    27,777,861 
Kraft Heinz Co.   1,029,772    25,342,689 
Target Corp.   259,299    29,505,633 
Total Consumer Staples        136,602,058 
           
Energy (10.81%)          
Chevron Corp.   167,872    31,351,775 
ConocoPhillips   263,492    29,895,802 
EOG Resources, Inc.   232,692    28,872,423 
Kinder Morgan, Inc.   941,888    31,336,614 
ONEOK, Inc.   342,142    28,319,093 
Total Energy        149,775,707 
           
Financials (8.64%)          
KeyCorp   1,218,623    25,274,241 
Prudential Financial, Inc.   214,925    21,144,321 
T Rowe Price Group, Inc.   239,539    22,667,576 
Truist Financial Corp.   504,699    24,886,708 
US Bancorp   471,346    25,763,772 
Total Financials        119,736,618 
           
Health Care (10.07%)          
AbbVie, Inc.   112,715    26,158,897 
Bristol-Myers Squibb Co.   480,407    29,962,985 
CVS Health Corp.   317,005    25,328,700 
Merck & Co., Inc.   251,001    31,078,944 
Security Description  Shares   Value 
Health Care (continued)          
Pfizer, Inc.   973,973   $26,930,353 
Total Health Care        139,459,879 
           
Industrials (10.19%)          
Lockheed Martin Corp.   52,471    34,530,115 
Paychex, Inc.   217,715    20,389,010 
Snap-On, Inc.   71,760    27,643,387 
United Parcel Service, Inc., Class B   249,456    28,926,918 
Watsco, Inc.(a)   71,000    29,630,430 
Total Industrials        141,119,860 
           
Information Technology (8.60%)          
Accenture PLC, Class A   92,751    19,358,989 
Hewlett Packard Enterprise Co.   1,054,824    22,647,071 
HP, Inc.   1,017,727    19,326,636 
Microchip Technology, Inc.   374,797    27,974,848 
Texas Instruments, Inc.   140,320    29,763,275 
Total Information Technology        119,070,819 
           
Materials (11.18%)          
Amcor PLC(a)   611,835    29,631,169 
International Paper Co.   653,292    28,450,867 
LyondellBasell Industries NV, Class A   567,148    32,622,353 
Smurfit Westrock PLC   677,041    31,827,697 
The Dow Chemical Co.   1,050,326    32,276,518 
Total Materials        154,808,604 
           
Utilities (10.46%)          
Dominion Resources, Inc.   424,337    26,792,638 
Edison International   431,740    32,268,248 
Evergy, Inc.   341,168    28,542,115 
Eversource Energy   369,692    28,174,227 
FirstEnergy Corp.(a)   568,901    29,104,975 
Total Utilities        144,882,203 
           
TOTAL COMMON STOCKS          
(Cost $1,256,999,825)        1,378,648,212 

 

7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (2.90%)
Money Market Fund (0.15%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)               
(Cost $2,046,002)   3.63%   2,046,002   $2,046,002 

   

 

7 Day Yield  Shares   Value 
Investments Purchased with Collateral from Securities Loaned (2.75%)               
State Street Navigator Securities Lending Government Money Market Portfolio, 3.70%               
(Cost $38,195,434)      38,195,434   $38,195,434 
TOTAL SHORT TERM INVESTMENTS
(Cost $40,241,436)             40,241,436 
                
TOTAL INVESTMENTS (102.43%)
(Cost $1,297,241,261)            $1,418,889,648 
LIABILITIES IN EXCESS OF OTHER ASSETS (-2.43%)             (33,695,220)
NET ASSETS - 100.00%            $1,385,194,428 

  

(a)Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $43,780,602.

  

See Notes to Quarterly Schedule of Investments.

   

 

ALPS | Smith Core Plus Bond ETF

SCHEDULE OF INVESTMENTS

 

February 28, 2026 (Unaudited)

 

   Principal   Value 
Security Description  Amount   (Note 2) 
BANK LOANS (0.93%)
 
Aerospace & Defense (0.44%)          
TransDigm, Inc.          
1M US SOFR + 2.50%, 02/28/2031(a)  $11,174,070   $11,186,640 
           
Biotechnology (0.13%)          
BioMarin Pharmaceutical Inc          
3M SOFR + 0.00%, 01/29/2031(a)   3,521,000    3,521,740 
           
Casinos & Gaming (0.25%)          
Caesars Entertainment, Inc.          
1M US SOFR + 2.25%, 02/06/2031(a)   6,344,048    6,305,984 
           
Pharmaceuticals (0.11%)          
Amneal Pharmaceuticals LLC          
1M SOFR + 3.00%, 08/02/2032(a)   2,704,322    2,709,947 
           
TOTAL BANK LOANS          
(Cost $23,783,539)        23,724,311 

 

   Principal   Value 
Security Description  Amount   (Note 2) 
COLLATERALIZED MORTGAGE OBLIGATIONS (3.39%)
 
Fannie Mae          
Series 2000-34, Class  TZ,          
8.500%, 10/25/2030  $76,126   $80,292 
Series 2000-40, Class  FA,          
30D US SOFR + 0.614%, 07/25/2030(a)   25,440    25,465 
Series 2001-51, Class  PZ,          
6.500%, 10/25/2031   81,697    85,575 
Series 2002-60, Class  FV,          
30D US SOFR + 1.114%, 04/25/2032(a)   5,614    5,681 
Series 2002-90, Class  A1,          
6.500%, 06/25/2042   162,393    164,891 
Series 2003-119, Class  ZP,          
4.000%, 12/25/2033   30,564    30,030 
Series 2003-18, Class  A1,          
6.500%, 12/25/2042   33,603    35,040 
Series 2003-30, Class  JQ,          
5.500%, 04/25/2033   1,733    1,786 
   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2003-47, Class  PE,          
5.750%, 06/25/2033  $24,305   $25,481 
Series 2004-52, Class  ZX,          
7.000%, 07/25/2034   242,633    256,694 
Series 2004-90, Class  AZ,          
6.000%, 12/25/2034   356,728    376,631 
Series 2004-92, Class  TB,          
5.500%, 12/25/2034   6,622    6,886 
Series 2005-105, Class  Z,          
6.000%, 12/25/2035   470,915    503,853 
Series 2005-122, Class  PY,          
6.000%, 01/25/2036   19,628    20,658 
Series 2005-27, Class  GH,          
5.500%, 04/25/2035   96,869    100,869 
Series 2005-3, Class  CH,          
5.250%, 02/25/2035   3,728    3,850 
Series 2005-48, Class  TD,          
5.500%, 06/25/2035   57,434    59,727 
Series 2005-75, Class  ZP,          
5.750%, 09/25/2035   142,631    152,114 
Series 2005-99, Class  AC,          
5.500%, 12/25/2035   38,000    39,095 
Series 2006-125, Class  KY,          
5.500%, 01/25/2037   78,496    80,210 
Series 2006-78, Class  BZ,          
6.500%, 08/25/2036   292,640    315,156 
Series 2007-36, Class  PH,          
5.500%, 04/25/2037   90,714    94,763 
Series 2007-55, Class  PH,          
6.000%, 06/25/2047   29,286    31,636 
Series 2007-77, Class  HN,          
6.000%, 08/25/2037   350,118    373,289 
Series 2008-24, Class  WD,          
5.500%, 02/25/2038   101,732    104,011 
Series 2008-6, Class  A,          
5.000%, 02/25/2038   161,615    164,125 
Series 2009-106, Class  LK,          
5.500%, 08/25/2037   521,615    537,594 
Series 2009-106, Class  DZ,          
4.500%, 01/25/2040   55,160    54,893 
Series 2009-77, Class  NX,          
5.500%, 10/25/2039   619,069    651,967 
Series 2010-123, Class  BP,          
4.500%, 11/25/2040   78,933    80,194 
Series 2010-141, Class  AL,          
4.000%, 12/25/2040   14,862    14,848 
Series 2010-2, Class  GZ,          
5.000%, 01/25/2040   127,173    129,232 
Series 2010-41, Class  NB,          
5.000%, 05/25/2040   60,549    63,182 

   

 

   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2010-85, Class  NJ,          
4.500%, 08/25/2040  $316,637   $321,080 
Series 2010-9, Class  ME,          
5.000%, 02/25/2040   36,801    37,893 
Series 2011-110, Class  ED,          
2.500%, 04/25/2041   61,032    60,062 
Series 2011-121, Class  JP,          
4.500%, 12/25/2041   12,365    12,446 
Series 2011-145, Class  JA,          
4.500%, 12/25/2041   3,471    3,463 
Series 2011-148, Class  P,          
4.000%, 09/25/2041   111,617    110,605 
Series 2011-29, Class  JC,          
4.000%, 03/25/2041   111,775    109,245 
Series 2011-74, Class  UB,          
4.000%, 07/25/2040   98,518    93,745 
Series 2012-103, Class  PY,          
3.000%, 09/25/2042   8,000    7,236 
Series 2012-108, Class  PL,          
3.000%, 10/25/2042   198,479    184,122 
Series 2012-111, Class  B,          
7.000%, 10/25/2042   170,683    186,712 
Series 2012-111, Class  PB,          
1.750%, 06/25/2042   106,480    99,806 
Series 2012-112, Class  DA,          
3.000%, 10/25/2042   164,145    154,350 
Series 2012-120, Class  QC,          
2.500%, 11/25/2042   151,000    112,583 
Series 2012-128, Class  NP,          
2.500%, 11/25/2042   78,165    55,362 
Series 2012-128, Class  JE,          
2.000%, 09/25/2042   121,209    112,700 
Series 2012-129, Class  HT,          
2.000%, 12/25/2032   372,368    343,548 
Series 2012-133, Class  KA,          
2.500%, 07/25/2042   129,259    118,675 
Series 2012-136, Class  PL,          
3.500%, 12/25/2042   418,000    403,362 
Series 2012-137, Class  CZ,          
4.000%, 12/25/2042   166,941    163,593 
Series 2012-139, Class  GB,          
2.500%, 12/25/2042   102,000    73,833 
Series 2012-152, Class  PB,          
3.500%, 01/25/2043   14,212    13,878 
Series 2012-154, Class  PW,          
3.000%, 10/25/2042   253,152    221,209 
Series 2012-16, Class  K,          
4.000%, 10/25/2041   69,208    69,034 
Series 2012-17, Class  JA,          
3.500%, 12/25/2041   71,183    69,177 
   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2012-19, Class  CB,          
3.500%, 03/25/2042  $256,837   $249,777 
Series 2012-26, Class  MA,          
3.500%, 03/25/2042   39,704    38,423 
Series 2012-28, Class  PT,          
4.000%, 03/25/2042   247,077    246,888 
Series 2012-29, Class  NM,          
3.500%, 04/25/2042   50,000    47,037 
Series 2012-30, Class  DZ,          
4.000%, 04/25/2042   174,939    172,486 
Series 2012-35, Class  EP,          
2.000%, 11/25/2040   43,869    43,248 
Series 2012-36, Class  MB,          
2.000%, 08/25/2041   238,073    234,742 
Series 2012-37, Class  CA,          
2.000%, 01/25/2040   63,605    62,719 
Series 2012-38, Class  MC,          
3.000%, 04/25/2042   80,000    70,479 
Series 2012-39, Class  NB,          
4.000%, 04/25/2042   32,000    30,920 
Series 2012-47, Class  HF,          
30D US SOFR + 0.514%, 05/25/2027(a)   1,143    1,143 
Series 2012-51, Class  HJ,          
3.500%, 05/25/2042   62,156    56,457 
Series 2012-56, Class  WB,          
3.500%, 05/25/2042   164,149    160,836 
Series 2012-58, Class  KB,          
3.500%, 06/25/2042   193,135    187,584 
Series 2012-75, Class  KE,          
4.000%, 07/25/2042   200,000    196,495 
Series 2012-83, Class  AC,          
3.000%, 08/25/2042   85,000    79,360 
Series 2012-90, Class  PB,          
2.500%, 01/25/2042   59,576    57,982 
Series 2012-93, Class  TL,          
3.000%, 09/25/2042   190,000    169,048 
Series 2013-10, Class  GD,          
2.000%, 02/25/2033   116,708    110,944 
Series 2013-119, Class  NU,          
1.750%, 05/25/2043   171,516    167,632 
Series 2013-123, Class  AG,          
2.500%, 02/25/2033   375,492    372,315 
Series 2013-14, Class  PC,          
1.250%, 03/25/2043   203,348    177,007 
Series 2013-18, Class  NG,          
2.000%, 12/25/2042   44,342    40,507 
Series 2013-20, Class  CA,          
2.500%, 01/25/2043   37,888    34,712 
Series 2013-29, Class  JE,          
1.250%, 04/25/2043   23,632    19,810 

   

 

   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2013-35, Class  KL,          
2.000%, 04/25/2033  $76,934   $73,121 
Series 2013-37, Class  PK,          
3.500%, 04/25/2043   300,000    285,925 
Series 2013-41, Class  JL,          
1.500%, 04/25/2038   157,020    146,852 
Series 2013-44, Class  Z,          
3.000%, 05/25/2043   735,131    600,163 
Series 2013-67, Class  KZ,          
2.500%, 04/25/2043   148,952    133,099 
Series 2013-67, Class  PK,          
3.000%, 05/25/2042   180,791    178,305 
Series 2013-7, Class  PZ,          
2.000%, 02/25/2043   194,822    124,995 
Series 2013-75, Class  FC,          
30D US SOFR + 0.364%, 07/25/2042(a)   80,372    80,231 
Series 2013-86, Class  CY,          
4.500%, 08/25/2043   1,320,900    1,296,079 
Series 2013-86, Class  Z,          
3.000%, 08/25/2043   180,936    144,830 
Series 2013-86, Class  LG,          
3.500%, 08/25/2043   230,000    204,777 
Series 2013-9, Class  BC,          
6.500%, 07/25/2042   130,293    140,028 
Series 2014-14, Class  PA,          
3.500%, 02/25/2044   82,122    81,139 
Series 2014-8, Class  Z,          
3.000%, 03/25/2034   111,420    109,145 
Series 2015-27, Class  ME,          
3.500%, 10/25/2044   30,000    28,881 
Series 2015-47, Class  AY,          
3.000%, 07/25/2045   74,595    68,004 
Series 2015-58, Class  ZL,          
3.000%, 08/25/2045   272,476    244,456 
Series 2015-59, Class  LP,          
3.500%, 08/25/2045   127,000    108,740 
Series 2015-65, Class  LD,          
3.500%, 01/25/2036   124,000    121,094 
Series 2015-66, Class  KC,          
2.000%, 09/25/2045   381,814    331,011 
Series 2015-75, Class  LB,          
3.000%, 10/25/2045   103,071    81,155 
Series 2016-26, Class  PA,          
3.000%, 10/25/2045   100,521    95,894 
Series 2016-28, Class  TA,          
3.250%, 07/25/2043   494,202    398,364 
Series 2016-37, Class  BK,          
3.000%, 06/25/2046   48,882    47,709 
Series 2016-42, Class  DA,          
3.000%, 07/25/2045   92,490    89,929 
   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2016-6, Class  PA,          
3.000%, 11/25/2044  $91,822   $89,845 
Series 2016-79, Class  JC,          
2.500%, 11/25/2046   340,168    286,888 
Series 2016-8, Class  CB,          
3.500%, 03/25/2046   43,135    41,688 
Series 2017-10, Class  FA,          
30D US SOFR + 0.514%, 03/25/2047(a)   22,072    21,967 
Series 2017-15, Class  PE,          
3.500%, 04/25/2046   39,854    39,186 
Series 2017-25, Class  QH,          
3.000%, 04/25/2047   243,118    221,056 
Series 2017-38, Class  JA,          
3.000%, 03/25/2047   56,919    52,868 
Series 2017-38, Class  JG,          
2.500%, 03/25/2047   319,172    288,884 
Series 2017-98, Class  JC,          
2.500%, 11/25/2047   129,699    117,592 
Series 2018-15, Class  KG,          
2.500%, 01/25/2048   84,230    73,896 
Series 2018-2, Class  BA,          
3.000%, 02/25/2045   60,860    60,215 
Series 2018-2, Class  HD,          
3.000%, 02/25/2047   35,686    35,073 
Series 2018-25, Class  AL,          
3.500%, 04/25/2048   98,000    91,857 
Series 2018-28, Class  CA,          
3.000%, 05/25/2048   84,404    77,153 
Series 2018-35, Class  LB,          
3.500%, 05/25/2048   106,000    98,627 
Series 2018-50, Class  DY,          
3.000%, 10/25/2047   84,675    79,664 
Series 2018-6, Class  PA,          
3.000%, 02/25/2048   58,144    53,568 
Series 2018-8, Class  KL,          
2.500%, 03/25/2047   74,833    69,850 
Series 2018-83, Class  LH,          
4.000%, 11/25/2048   37,416    36,318 
Series 2018-94, Class  KD,          
3.500%, 12/25/2048   122,658    114,405 
Series 2019-12, Class  HA,          
3.500%, 11/25/2057   46,929    46,054 
Series 2019-36, Class  NJ,          
3.000%, 07/25/2049   100,000    87,341 
Series 2019-45, Class  PT,          
3.000%, 08/25/2049   43,938    40,970 
Series 2019-74, Class  GL,          
3.500%, 12/25/2049   174,253    129,458 
Series 2019-81, Class  ML,          
2.500%, 01/25/2050   119,847    82,217 

   

 

   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2020-10, Class  DA,          
3.500%, 03/25/2060  $262,542   $243,012 
Series 2020-38, Class  LC,          
1.500%, 06/25/2040   84,911    79,642 
Series 2021-59, Class  H,          
2.000%, 06/25/2048   46,246    39,790 
Series 2021-6, Class  KU,          
1.500%, 02/25/2051   191,229    115,307 
Series 2021-66, Class  HU,          
1.500%, 10/25/2051   366,995    185,593 
Series 2021-72, Class  NA,          
1.500%, 10/25/2051   98,024    53,550 
Series 2021-87, Class  QB,          
2.000%, 12/25/2051   46,230    28,734 
Series 2021-94, Class  PU,          
2.000%, 01/25/2052   39,318    26,103 
Series 2022-90, Class  AY,          
4.500%, 12/25/2041   405,000    413,301 
Series 2023-12, Class  GB,          
6.000%, 06/25/2045   12,032,758    12,278,405 
Series 2023-42, Class  B,          
6.000%, 07/25/2045   6,791,379    6,931,228 
Series 2024-39, Class  AZ,          
3.000%, 11/25/2047   136,998    115,891 
         38,897,110 
Freddie Mac          
Series 1998-2034, Class  Z,          
6.500%, 02/15/2028   2,369    2,407 
Series 1998-2045, Class  PD,          
6.750%, 04/15/2028   36,165    36,458 
Series 1998-2098, Class  ZB,          
6.000%, 11/15/2028   219,096    222,607 
Series 1998-2104, Class  QH,          
6.500%, 12/15/2028   93,712    96,075 
Series 2002-2412, Class  OF,          
30D US SOFR + 1.064%, 12/15/2031(a)   47,827    48,333 
Series 2002-2422, Class  TA,          
6.500%, 02/15/2032   202,157    213,118 
Series 2002-2455, Class  GK,          
6.500%, 05/15/2032   14,400    15,213 
Series 2002-2489, Class  PE,          
6.000%, 08/15/2032   248,089    259,761 
Series 2002-2495, Class  ZB,          
4.500%, 09/15/2032   1,968    1,952 
Series 2002-2513, Class  AF,          
30D US SOFR + 1.114%, 02/15/2032(a)   14,427    14,597 
Series 2003-2554, Class  MN,          
5.500%, 01/15/2033   3,809    3,911 
   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2003-2624, Class  QH,          
5.000%, 06/15/2033  $13,646   $14,058 
Series 2003-2646, Class  ZN,          
5.000%, 07/15/2033   154,292    158,450 
Series 2003-2673, Class  PE,          
5.500%, 09/15/2033   114,828    119,661 
Series 2003-2725, Class  TA,          
4.500%, 12/15/2033   26,100    26,447 
Series 2004-2768, Class  PW,          
4.250%, 03/15/2034   7,024    7,067 
Series 2005-2944, Class  OH,          
5.500%, 03/15/2035   42,875    45,212 
Series 2005-2973, Class  GE,          
5.500%, 05/15/2035   206,000    215,160 
Series 2005-2978, Class  CN,          
5.500%, 05/15/2035   113,663    119,950 
Series 2005-3033, Class  WY,          
5.500%, 09/15/2035   78,686    81,969 
Series 2005-3034, Class  ZM,          
6.000%, 09/15/2035   439,333    467,223 
Series 2006-3108, Class  PZ,          
6.000%, 02/15/2036   206,365    223,360 
Series 2006-3137, Class  XP,          
6.000%, 04/15/2036   2,615    2,779 
Series 2007-3259, Class  ZL,          
4.500%, 01/15/2037   424,425    430,096 
Series 2007-3271, Class  PC,          
6.000%, 02/15/2037   758,611    807,574 
Series 2007-3388, Class  DZ,          
5.500%, 11/15/2037   191,728    196,433 
Series 2008-3472, Class  CZ,          
6.000%, 08/15/2036   1,210,151    1,285,921 
Series 2008-3485, Class  MA,          
5.500%, 07/15/2036   29,303    30,568 
Series 2009-3515, Class  LE,          
2.979%, 05/15/2037(a)   178,447    186,218 
Series 2009-3533, Class  CB,          
4.500%, 05/15/2029   31,655    31,685 
Series 2009-3575, Class  D,          
4.500%, 03/15/2037   145,808    148,477 
Series 2009-3587, Class  DA,          
4.500%, 10/15/2039   57,880    58,610 
Series 2010-3626, Class  ME,          
5.000%, 01/15/2040   27,677    28,632 
Series 2010-3638, Class  DB,          
5.000%, 02/15/2040   75,000    78,390 
Series 2010-3645, Class  WD,          
4.500%, 02/15/2040   15,000    15,061 

   

 

   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2010-3662, Class  QB,          
5.000%, 03/15/2038  $99,245   $102,731 
Series 2010-3674, Class  QN,          
5.750%, 05/15/2036   363,142    358,033 
Series 2010-3681, Class  MT,          
4.544%, 02/15/2038(a)   76,473    70,727 
Series 2010-3704, Class  CT,          
7.000%, 12/15/2036   476,810    514,095 
Series 2010-3764, Class  QY,          
4.000%, 11/15/2030   854,610    847,120 
Series 2010-3772, Class  NE,          
4.500%, 12/15/2040   172,000    164,002 
Series 2011-3924, Class  LC,          
4.000%, 09/15/2041   97,967    96,972 
Series 2011-3943, Class  LA,          
3.000%, 10/15/2026   22,282    22,185 
Series 2011-3954, Class  PG,          
2.500%, 07/15/2041   33,471    32,506 
Series 2011-3957, Class  BZ,          
4.000%, 11/15/2041   162,232    160,007 
Series 2011-3957, Class  HZ,          
4.000%, 11/15/2041   291,730    281,784 
Series 2011-3966, Class  NA,          
4.000%, 12/15/2041   113,176    113,177 
Series 2011-3968, Class  G,          
3.000%, 12/15/2026   29,819    29,701 
Series 2012-3985, Class  B,          
2.367%, 01/15/2042   126,000    116,872 
Series 2012-3990, Class  GY,          
3.500%, 01/15/2042   140,000    127,942 
Series 2012-3992, Class  HZ,          
4.000%, 01/15/2042   482,682    475,271 
Series 2012-3994, Class  HJ,          
2.000%, 06/15/2041   227,862    222,052 
Series 2012-3997, Class  EC,          
3.500%, 02/15/2042   62,765    57,020 
Series 2012-4029, Class  NE,          
2.500%, 03/15/2041   94,676    93,172 
Series 2012-4039, Class  LT,          
3.500%, 05/15/2042   40,000    35,921 
Series 2012-4050, Class  ND,          
2.500%, 09/15/2041   1,168    1,165 
Series 2012-4068, Class  PE,          
3.000%, 06/15/2042   8,733    8,242 
Series 2012-4075, Class  PB,          
3.000%, 07/15/2042   22,066    20,902 
Series 2012-4077, Class  BE,          
4.000%, 07/15/2042   15,000    14,517 
Series 2012-4093, Class  PA,          
3.000%, 08/15/2042   59,363    55,426 
   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2012-4096, Class  BY,          
2.000%, 08/15/2042  $190,000   $162,657 
Series 2012-4101, Class  QN,          
3.500%, 09/15/2042   5,084    4,732 
Series 2012-4112, Class  CP,          
2.000%, 01/15/2042   168,760    164,594 
Series 2012-4116, Class  UC,          
2.500%, 10/15/2042   40,000    30,803 
Series 2012-4117, Class  EB,          
3.500%, 10/15/2042   83,000    73,558 
Series 2012-4118, Class  PB,          
2.500%, 10/15/2042   146,513    131,347 
Series 2012-4125, Class  KP,          
2.500%, 05/15/2041   62,192    60,794 
Series 2012-4135, Class  AU,          
2.000%, 11/15/2042   168,055    126,023 
Series 2012-4138, Class  HA,          
1.250%, 12/15/2027   48,367    47,698 
Series 2012-4140, Class  BW,          
2.500%, 12/15/2042   150,000    116,013 
Series 2012-4147, Class  LW,          
2.000%, 12/15/2032   190,202    179,311 
Series 2013-4160, Class  HB,          
2.500%, 12/15/2032   8,809    8,449 
Series 2013-4161, Class  BA,          
2.500%, 12/15/2041   32,889    32,441 
Series 2013-4161, Class  LT,          
2.500%, 08/15/2042   7,957    7,595 
Series 2013-4161, Class  ZW,          
2.500%, 02/15/2033   171,046    150,990 
Series 2013-4163, Class  YL,          
2.500%, 02/15/2043   1,595,600    1,351,733 
Series 2013-4171, Class  MN,          
3.000%, 02/15/2043   46,000    36,507 
Series 2013-4176, Class  YD,          
3.000%, 03/15/2043   66,000    57,972 
Series 2013-4193, Class  PK,          
3.000%, 04/15/2043   71,081    69,313 
Series 2013-4224, Class  KC,          
3.000%, 05/15/2032   8,770    8,748 
Series 2013-4224, Class  PA,          
3.000%, 12/15/2042   271,995    267,286 
Series 2013-4229, Class  ZA,          
4.000%, 07/15/2043   113,124    111,413 
Series 2013-4247, Class  AK,          
4.500%, 12/15/2042   31,485    31,480 
Series 2014-4315, Class  UZ,          
3.000%, 03/15/2044   995,679    932,613 

   

 

   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2014-4330, Class  PE,          
3.000%, 11/15/2043  $141,579   $138,524 
Series 2014-4383, Class  WT,          
3.172%, 09/15/2029(a)   113,231    112,281 
Series 2015-4447, Class  PA,          
3.000%, 12/15/2044   151,039    146,675 
Series 2015-4472, Class  MA,          
3.000%, 05/15/2045   100,831    97,380 
Series 2015-4491, Class  CD,          
2.500%, 03/15/2040   214,934    191,709 
Series 2016-4613, Class  AF,          
30D US SOFR + 1.21%, 11/15/2037(a)   255,329    255,822 
Series 2016-4614, Class  PB,          
3.000%, 01/15/2046   112,426    106,807 
Series 2016-4616, Class  HP,          
3.000%, 09/15/2046   67,539    62,888 
Series 2016-4619, Class  GP,          
3.000%, 10/15/2046   355,424    317,080 
Series 2016-4619, Class  MC,          
2.500%, 05/15/2043   80,313    78,947 
Series 2016-4621, Class  DA,          
3.000%, 12/15/2045   102,535    98,502 
Series 2016-4624, Class  BA,          
2.000%, 04/15/2036   168,258    157,747 
Series 2017-4670, Class  TY,          
3.000%, 03/15/2047   222,000    187,385 
Series 2017-4734, Class  WA,          
5.708%, 01/15/2041(a)   205,125    215,566 
Series 2017-4748, Class  GA,          
3.000%, 01/15/2045   10,470    10,440 
Series 2018-4760, Class  P,          
3.000%, 02/15/2044   103,352    102,557 
Series 2018-4792, Class  BD,          
3.500%, 02/15/2048   87,510    84,388 
Series 2018-4813, Class  CJ,          
3.000%, 08/15/2048   171,124    154,557 
Series 2018-4819, Class  CB,          
4.000%, 08/15/2048   808,112    783,776 
Series 2018-4824, Class  KQ,          
4.000%, 06/15/2046   52,874    52,722 
Series 2018-4827, Class  LA,          
3.500%, 08/15/2044   53,841    53,701 
Series 2018-4839, Class  AE,          
4.000%, 04/15/2051   107,665    107,799 
Series 2019-4879, Class  BC,          
3.000%, 04/15/2049   123,378    113,766 
Series 2019-4888, Class  NW,          
3.000%, 05/15/2049   174,400    139,415 
   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2019-4911, Class  HG,          
2.250%, 04/15/2049  $15,631   $13,551 
Series 2019-4919, Class  JL,          
2.500%, 09/25/2049   484,025    422,330 
Series 2019-4926, Class  BP,          
3.000%, 10/25/2049   262,689    239,437 
Series 2019-4932, Class  CB,          
3.500%, 03/25/2049   274,929    267,566 
Series 2020-4961, Class  JB,          
2.500%, 12/15/2042   62,453    58,571 
Series 2020-4988, Class  AK,          
1.000%, 07/25/2050   123,547    99,327 
Series 2020-4989, Class  FA,          
30D US SOFR + 0.464%, 08/15/2040(a)   29,137    28,743 
Series 2020-4989, Class  FB,          
30D US SOFR + 0.464%, 10/15/2040(a)   26,863    26,491 
Series 2020-5002, Class  TJ,          
2.000%, 07/25/2050   122,595    106,155 
Series 2020-5005, Class  DY,          
1.500%, 08/25/2050   142,756    66,168 
Series 2020-5036, Class  NL,          
2.500%, 11/25/2050   111,000    68,823 
Series 2020-5058, Class  LW,          
1.250%, 01/25/2051   48,315    24,410 
Series 2021-5080, Class  CA,          
2.000%, 02/25/2051   30,270    17,679 
Series 2021-5083, Class  MA,          
2.000%, 03/25/2051   231,266    143,642 
Series 2021-5085, Class  HA,          
1.500%, 03/25/2051   235,175    130,040 
Series 2021-5094, Class  Z,          
2.000%, 07/25/2050   217,886    159,104 
Series 2021-5116, Class  HJ,          
2.000%, 06/25/2051   31,738    18,171 
Series 2022-5206, Class  ZY,          
3.500%, 03/25/2052   154,660    124,976 
Series 2022-5271, Class  A,          
5.500%, 10/25/2047   276,093    280,357 
Series 2024-5407, Class  LB,          
6.000%, 05/25/2054   9,033,173    9,453,075 
         29,398,095 
Freddie Mac Strips          
Series 2016-349, Class  300,          
3.000%, 05/15/2046   91,208    87,490 

   

 

   Principal   Value 
Security Description  Amount   (Note 2) 
Freddie Mac Structured Pass-Through Certificates          
Series 2002-41, Class  3A,          
4.464%, 07/25/2032(a)  $12,038   $11,329 
           
Ginnie Mae          
Series 2003-40, Class  PZ,          
5.500%, 05/16/2033   348,473    347,742 
Series 2003-52, Class  AP,          
–%, 06/16/2033(b)   11,635    10,497 
Series 2004-1, Class  TE,          
5.000%, 06/20/2033   35,450    35,363 
Series 2004-87, Class  BC,          
4.500%, 10/20/2034   4,413    4,403 
Series 2005-13, Class  BG,          
5.000%, 02/20/2035   55,632    55,960 
Series 2005-20, Class  GZ,          
5.000%, 02/16/2035   149,301    149,249 
Series 2005-51, Class  DC,          
5.000%, 07/20/2035   2,988    3,008 
Series 2005-73, Class  PH,          
5.000%, 09/20/2035   100,694    100,492 
Series 2006-17, Class  NZ,          
6.000%, 04/20/2036   203,195    205,838 
Series 2006-20, Class  QB,          
6.000%, 04/20/2036   170,424    170,187 
Series 2006-38, Class  ZK,          
6.500%, 08/20/2036   124,485    124,207 
Series 2007-35, Class  NE,          
6.000%, 06/16/2037   974,865    987,685 
Series 2007-57, Class  Z,          
5.500%, 10/20/2037   199,061    202,467 
Series 2008-38, Class  PL,          
5.500%, 05/20/2038   13,479    13,807 
Series 2008-50, Class  KB,          
6.000%, 06/20/2038   99,758    102,532 
Series 2008-55, Class  PL,          
5.500%, 06/20/2038   14,912    14,882 
Series 2008-60, Class  JP,          
5.500%, 07/20/2038   41,564    41,533 
Series 2008-7, Class  PQ,          
5.000%, 02/20/2038   4,505    4,493 
Series 2008-7, Class  PB,          
5.000%, 02/20/2038   131,485    131,147 
Series 2009-15, Class  FM,          
1M CME TERM SOFR + 1.154%, 03/20/2039(a)   32,833    32,844 
Series 2009-45, Class  ZB,          
6.000%, 06/20/2039   406,728    432,371 
Series 2009-47, Class  LT,          
5.000%, 06/20/2039   64,012    64,249 
   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2009-61, Class  AP,          
4.000%, 08/20/2039  $29,264   $28,979 
Series 2009-94, Class  FA,          
1M CME TERM SOFR + 0.814%, 10/16/2039(a)   17,397    17,461 
Series 2010-134, Class  YL,          
4.500%, 10/20/2040   47,000    47,129 
Series 2010-29, Class  AD,          
3.500%, 10/20/2039   74,625    73,614 
Series 2010-H20, Class  AF,          
1M CME TERM SOFR + 0.444%, 10/20/2060(a)   9,541    9,523 
Series 2010-H27, Class  FA,          
1M CME TERM SOFR + 0.494%, 12/20/2060(a)   84,969    84,384 
Series 2011-100, Class  MY,          
4.000%, 07/20/2041   20,331    20,288 
Series 2011-141, Class  GH,          
3.000%, 10/16/2041   56,490    46,530 
Series 2011-150, Class  DW,          
3.000%, 07/16/2041   136,884    124,396 
Series 2011-71, Class  ZC,          
5.500%, 07/16/2034   36,963    37,199 
Series 2011-H11, Class  FB,          
1M CME TERM SOFR + 0.614%, 04/20/2061(a)   12,100    12,108 
Series 2012-108, Class  CB,          
2.500%, 09/20/2042   17,000    14,379 
Series 2012-108, Class  PB,          
2.750%, 09/16/2042   38,000    31,505 
Series 2012-116, Class  BY,          
3.000%, 09/16/2042   60,000    50,782 
Series 2012-124, Class  LD,          
2.000%, 10/20/2042   132,325    105,383 
Series 2012-32, Class  PE,          
3.500%, 03/16/2042   144,000    135,282 
Series 2012-40, Class  PW,          
4.000%, 01/20/2042   103,966    103,170 
Series 2012-61, Class  MY,          
3.000%, 05/16/2042   25,000    22,180 
Series 2012-65, Class  LM,          
3.000%, 05/20/2042   128,747    122,109 
Series 2012-77, Class  MU,          
2.500%, 06/20/2042   156,704    139,905 
Series 2012-84, Class  QH,          
2.500%, 07/16/2042   108,948    100,949 
Series 2012-97, Class  BP,          
2.500%, 08/20/2042   146,000    119,297 
Series 2012-H14, Class  FK,          
1M CME TERM SOFR + 0.694%, 07/20/2062(a)   11,982    11,997 

   

 

   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2012-H20, Class  PT,          
4.438%, 07/20/2062(a)  $61,657   $61,925 
Series 2012-H30, Class  GA,          
1M CME TERM SOFR + 0.464%, 12/20/2062(a)   48,511    48,147 
Series 2013-117, Class  ED,          
4.000%, 08/20/2043   151,000    146,525 
Series 2013-149, Class  BP,          
3.500%, 10/20/2043   104,000    88,989 
Series 2013-150, Class  PY,          
3.500%, 10/16/2043   120,000    115,394 
Series 2013-152, Class  HL,          
4.000%, 06/20/2043   100,000    95,566 
Series 2013-22, Class  GB,          
2.500%, 08/20/2042   78,152    73,182 
Series 2013-41, Class  MY,          
3.000%, 03/20/2043   16,480    15,290 
Series 2013-44, Class  CE,          
2.500%, 03/16/2043   286,782    235,978 
Series 2013-58, Class  C,          
2.500%, 04/20/2043   161,384    141,816 
Series 2013-9, Class  KY,          
3.000%, 01/20/2043   25,000    22,918 
Series 2013-H22, Class  FB,          
1M CME TERM SOFR + 0.814%, 08/20/2063(a)   70,042    70,290 
Series 2014-129, Class  KJ,          
3.000%, 07/16/2039   100,000    92,594 
Series 2014-21, Class  PB,          
4.000%, 02/16/2044   22,000    20,482 
Series 2014-32, Class  DA,          
3.500%, 02/20/2044   163,826    146,144 
Series 2014-72, Class  ML,          
3.500%, 03/20/2044   250,257    236,658 
Series 2014-98, Class  ZP,          
3.000%, 07/16/2044   247,609    203,776 
Series 2014-H19, Class  HA,          
3.000%, 09/20/2064   240,502    233,872 
Series 2014-H25, Class  FB,          
1M CME TERM SOFR + 0.594%, 12/20/2064(a)   44,860    44,872 
Series 2015-159, Class  XO,          
–%, 12/20/2043(b)   2,202,733    1,428,262 
Series 2015-31, Class  B,          
3.000%, 02/20/2045   200,000    186,724 
Series 2015-H29, Class  FA,          
1M CME TERM SOFR + 0.814%, 10/20/2065(a)   263    264 
Series 2016-163, Class  B,          
3.000%, 10/20/2046   40,000    32,708 
   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2016-46, Class  Z,          
3.000%, 04/20/2046  $33,566   $22,635 
Series 2016-66, Class  AB,          
6.423%, 08/20/2034(a)   526,131    552,601 
Series 2016-H08, Class  FT,          
1M CME TERM SOFR + 0.834%, 02/20/2066(a)   12,611    12,669 
Series 2016-H22, Class  FA,          
1M CME TERM SOFR + 0.88448%, 10/20/2066(a)   175,899    176,547 
Series 2016-H24, Class  FG,          
1M CME TERM SOFR + 0.864%, 10/20/2066(a)   140,613    141,042 
Series 2017-107, Class  T,          
3.000%, 01/20/2047   13,853    13,818 
Series 2017-11, Class  PZ,          
4.000%, 01/20/2047   287,449    238,228 
Series 2017-134, Class  CG,          
2.500%, 09/20/2047   160,000    140,023 
Series 2017-H14, Class  FD,          
1M CME TERM SOFR + 0.584%, 06/20/2067(a)   12,304    12,305 
Series 2018-1, Class  QJ,          
3.000%, 01/20/2048   137,000    92,163 
Series 2018-115, Class  CA,          
3.500%, 08/20/2048   96,962    91,976 
Series 2018-14, Class  P,          
2.250%, 08/20/2046   560,813    513,211 
Series 2018-H07, Class  FE,          
1M CME TERM SOFR + 0.464%, 02/20/2068(a)   2,469    2,464 
Series 2019-108, Class  NJ,          
3.500%, 08/20/2049   108,133    99,529 
Series 2019-119, Class  JE,          
3.000%, 09/20/2049   57,455    52,492 
Series 2019-145, Class  PA,          
3.500%, 08/20/2049   167,266    163,392 
Series 2019-153, Class  JZ,          
3.000%, 12/20/2049   191,069    173,825 
Series 2019-158, Class  LA,          
3.500%, 04/20/2049   259,152    254,450 
Series 2019-18, Class  HD,          
3.500%, 02/20/2049   120,000    111,131 
Series 2019-20, Class  AB,          
3.250%, 02/20/2049   174,005    166,647 
Series 2019-61, Class  KU,          
3.500%, 05/20/2049   376,206    346,306 
Series 2019-85, Class  KG,          
3.000%, 06/20/2043   95,084    92,657 

   

 

   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2020-116, Class  CA,          
1.000%, 08/20/2050  $330,943   $158,966 
Series 2020-122, Class  MA,          
1.000%, 08/20/2050   253,959    122,144 
Series 2020-149, Class  WB,          
1.000%, 10/20/2050   54,095    25,137 
Series 2020-15, Class  JH,          
2.500%, 02/20/2050   223,231    192,215 
Series 2020-160, Class  KU,          
1.500%, 10/20/2050   249,998    133,039 
Series 2020-183, Class  HM,          
1.000%, 12/20/2050   330,000    185,147 
Series 2020-183, Class  BK,          
1.250%, 12/20/2050   231,648    119,324 
Series 2020-183, Class  HY,          
1.000%, 12/20/2050   146,000    63,210 
Series 2020-67, Class  UA,          
2.000%, 05/20/2050   126,605    75,173 
Series 2020-98, Class  CE,          
3.000%, 07/20/2050   9,845    9,340 
Series 2020-H04, Class  FP,          
1M CME TERM SOFR + 0.614%, 06/20/2069(a)   27,632    27,670 
Series 2020-H13, Class  FC,          
1M CME TERM SOFR + 0.564%, 07/20/2070(a)   311,963    311,264 
Series 2020-H20, Class  FA,          
1M CME TERM SOFR + 0.464%, 04/20/2070(a)   154,945    154,043 
Series 2021-225, Class  EU,          
2.000%, 12/20/2051   38,350    23,411 
Series 2021-7, Class  TU,          
1.000%, 01/16/2051   189,999    104,337 
Series 2021-76, Class  ND,          
1.250%, 08/20/2050   2,141    1,725 
Series 2021-97, Class  JT,          
2.000%, 06/20/2051   108,850    58,468 
Series 2021-H08, Class  AF,          
30D US SOFR + 0.30%, 01/20/2068(a)   497,867    496,924 
Series 2021-H19, Class  FM,          
30D US SOFR + 0.82%, 12/20/2071(a)   176,354    177,265 
Series 2022-24, Class  BC,          
4.000%, 02/20/2052   149,068    144,372 
Series 2022-36, Class  UP,          
2.000%, 11/20/2051   100,000    63,223 
Series 2023-113, Class  JD,          
6.000%, 08/20/2053   175,000    184,713 
Series 2023-13, Class  CA,          
2.500%, 12/20/2051   893,770    801,536 
   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2023-149, Class  B,          
6.000%, 01/20/2050  $260,012   $261,081 
Series 2023-170, Class  HC,          
6.000%, 11/20/2041   271,456    272,405 
Series 2023-173, Class  DX,          
6.000%, 11/20/2053   780,000    821,405 
Series 2023-19, Class  GZ,          
5.000%, 02/20/2053   604,486    568,235 
Series 2023-19, Class  WB,          
5.637%, 11/20/2051(a)   91,297    95,289 
Series 2023-81, Class  AL,          
4.500%, 08/20/2040   275,000    272,642 
Series 2024-20, Class  PL,          
7.500%, 02/20/2054   237,000    274,833 
Series 2024-22, Class  EL,          
3.000%, 02/20/2054   120,000    94,234 
Series 2024-57, Class  JL,          
1.000%, 05/20/2051   105,000    58,075 
Series 2024-77, Class  PA,          
7.500%, 11/20/2052   82,853    86,212 
Series 2024-97, Class  PA,          
7.500%, 02/20/2054   106,584    109,415 
         18,452,464 
           
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS          
(Cost $84,065,868)        86,846,488 

 

   Principal   Value 
Security Description  Amount   (Note 2) 
COMMERCIAL MORTGAGE-BACKED SECURITIES (0.37%)
 
Fannie Mae-Aces          
Series 2016-M11, Class  AL,          
2.944%, 07/25/2039   82,729    77,362 
Series 2018-M15, Class  1A2,          
3.700%, 01/25/2036   400,000    387,129 
Series 2019-M16, Class  X,          
1.155%, 07/25/2031(a)   4,548,668    152,886 
Series 2019-M23, Class  X3,          
0.324%, 10/25/2031(a)(c)   36,668,215    567,708 
Series 2019-M26, Class  X1,          
0.603%, 03/25/2030(a)(c)   9,805,718    142,930 
Series 2019-M32, Class  X2,          
1.121%, 10/25/2029(a)(c)   4,037,464    117,254 
Series 2020-M10, Class  X2,          
1.715%, 12/25/2030(a)(c)   9,552,035    524,926 
Series 2020-M12, Class  IO,          
1.281%, 07/25/2029(a)(c)   2,311,167    70,169 
Series 2020-M13, Class  X1,          
1.130%, 06/25/2031(a)(c)   4,248,243    129,635 

   

 

   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2020-M15, Class  X1,          
1.449%, 09/25/2031(a)(c)  $6,312,672   $363,150 
Series 2020-M19, Class  X2,          
0.239%, 12/25/2032(a)(c)   21,170,543    281,763 
Series 2020-M30, Class  X,          
0.900%, 07/25/2031(a)(c)   5,615,566    187,083 
Series 2021-M21, Class  X,          
0.651%, 03/25/2028(a)(c)   36,837,757    217,096 
Series 2021-M3, Class  X1,          
1.830%, 11/25/2033(a)(c)   2,926,989    174,617 
Series 2021-M8, Class  X,          
0.216%, 11/25/2035(a)(c)   9,215,433    128,180 
         3,521,888 
Freddie Mac Multiclass Certificates Series 2020-P003          
Series 2020-P003, Class  A3,          
1.956%, 09/25/2046   1,400,000    1,129,525 
           
Freddie Mac Multifamily Structured Pass Through Certificates          
Series 2017-KW03, Class  X1,          
0.763%, 06/25/2027(a)(c)   34,554,313    235,681 
Series 2017-Q006, Class  A2,          
3.176%, 04/25/2028(a)   1,994,791    1,963,353 
Series 2018-Q007, Class  APT2,          
6.439%, 10/25/2047(a)   585,550    584,340 
Series 2019-K094, Class  X1,          
0.872%, 06/25/2029(a)(c)   1,933,089    49,480 
Series 2019-Q010, Class  APT3,          
4.060%, 02/25/2027(a)   668,961    664,811 
Series 2020-KG04, Class  X1,          
0.840%, 11/25/2030(a)   4,889,155    157,729 
Series 2020-Q014, Class  X,          
2.736%, 10/25/2055(a)   4,166,377    602,464 
Series 2023-KJ45, Class  A2,          
4.660%, 01/25/2031   600,000    616,666 
         4,874,524 
           
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES          
(Cost $9,453,463)        9,525,937 

 

   Principal   Value 
Security Description  Amount   (Note 2) 
MORTGAGE-BACKED SECURITIES (9.40%)
 
Fannie Mae Pool          
Series 2004-,          
6.000%, 08/01/2034   22,167    23,232 
   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2006-,          
5.500%, 01/01/2037  $169,591   $174,623 
Series 2007-,          
5.500%, 08/01/2037   347,348    355,838 
Series 2007-943003,          
5.500%, 08/01/2047   30,204    30,949 
Series 2008-,          
6.340%, 08/01/2038   1,166,289    1,163,323 
Series 2009-,          
5.000%, 12/01/2039   339,698    344,862 
5.450%, 11/01/2037   134,269    135,792 
5.500%, 02/01/2037   247,295    254,172 
Series 2010-,          
6.500%, 08/01/2028   491,889    490,676 
Series 2012-AM1671,          
2.100%, 12/01/2027   75,722    74,581 
Series 2013-,          
2.500%, 03/01/2033   253,444    242,847 
3.000%, 01/01/2043   336,303    317,291 
3.500%, 07/01/2043   358,409    345,529 
Series 2015-,          
2.830%, 04/01/2030   216,857    209,388 
3.410%, 01/01/2032   140,214    137,053 
3.500%, 06/01/2030   148,053    146,721 
3.600%, 02/01/2040   559,935    539,971 
5.541%, 03/01/2038   483,135    505,080 
Series 2016-,          
3.100%, 03/01/2033   184,740    176,127 
4.500%, 01/01/2039   174,541    178,152 
Series 2017-,          
2.000%, 07/01/2032   158,339    150,664 
2.500%, 01/01/2047   148,820    132,174 
3.000%, 10/01/2027   1,305,679    1,291,825 
3.210%, 11/01/2032   60,000    57,436 
3.260%, 08/01/2029   142,008    140,497 
3.630%, 01/01/2037   669,693    635,181 
5.500%, 09/01/2056   246,905    256,280 
5.865%, 05/01/2048   518,450    546,160 
7.000%, 02/01/2030   297,965    306,658 
Series 2017-AN6670,          
3.210%, 09/01/2027   27,262    26,967 
Series 2017-AN7060,          
2.930%, 10/01/2027   195,000    192,136 
Series 2018-,          
3.000%, 03/01/2033   352,976    341,761 
3.000%, 01/01/2048   254,416    237,227 
3.000%, 04/01/2048   292,582    266,267 
3.485%, 04/01/2028   805,000    802,689 
3.545%, 04/01/2028   479,000    478,010 
4.000%, 11/01/2040   379,141    383,302 
4.500%, 07/01/2040   88,530    89,914 
4.500%, 09/01/2040   196,741    196,786 
4.500%, 02/01/2041   425,574    432,224 
5.500%, 12/01/2048   74,918    77,970 

   

 

   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2018-387770,          
3.625%, 07/01/2028  $115,000   $115,053 
Series 2018-387983,          
3.630%, 08/01/2028   197,057    195,382 
Series 2018-AN8272,          
3.170%, 02/01/2028   200,000    198,298 
Series 2019-,          
3.340%, 05/01/2031   229,160    224,626 
3.800%, 01/01/2029   101,328    101,156 
4.000%, 08/01/2048   113,312    112,040 
Series 2020-,          
2.010%, 04/01/2030   184,219    172,354 
Series 2021-,          
1.270%, 12/01/2029   182,282    166,273 
2.000%, 09/01/2051   951,918    801,229 
2.500%, 09/01/2051   1,907,021    1,619,693 
6.000%, 01/01/2039   203,641    211,213 
Series 2022-,          
3.010%, 04/01/2032   103,804    99,223 
3.680%, 04/01/2032   310,000    302,927 
3.890%, 07/01/2032   200,000    198,237 
Series 2023-,          
3.000%, 12/01/2050   4,977,546    4,581,950 
3.500%, 04/01/2044   298,915    290,378 
4.070%, 07/01/2033   120,000    120,506 
4.490%, 06/01/2028   40,000    40,606 
4.520%, 07/01/2033   220,000    227,196 
4.610%, 11/01/2030   175,878    181,316 
4.670%, 07/01/2030   185,000    190,333 
4.775%, 03/01/2035   347,434    358,858 
4.790%, 03/01/2028   260,000    262,895 
4.920%, 08/01/2028   200,000    203,172 
4.980%, 08/01/2028   196,531    199,854 
5.130%, 10/01/2028   40,000    41,377 
5.320%, 02/01/2033   250,000    258,740 
5.350%, 07/01/2033   1,656,000    1,716,333 
5.470%, 11/01/2033   1,953,840    2,074,985 
5.555%, 01/01/2030   1,000,000    1,045,054 
5.620%, 01/01/2032   492,974    525,021 
6.000%, 10/01/2028   3,286,276    3,464,800 
6.220%, 06/01/2032   2,100,000    2,265,167 
6.500%, 06/01/2053   1,024,926    1,079,077 
6.500%, 07/01/2053   5,613,029    5,862,242 
6.500%, 08/01/2053   1,589,401    1,666,743 
6.500%, 10/01/2053   127,953    133,550 
7.000%, 04/01/2053   503,392    522,872 
7.500%, 01/01/2054   2,255,467    2,473,441 
Series 2024-,          
5.340%, 07/01/2029   4,500,000    4,574,629 
5.790%, 01/01/2029   750,000    759,609 
5.810%, 06/01/2031   7,415,000    7,727,485 
6.000%, 06/01/2054   1,338,262    1,392,349 
6.000%, 07/01/2054   1,688,694    1,755,141 
6.470%, 01/01/2034   1,170,000    1,247,838 
6.500%, 01/01/2054   1,093,637    1,144,206 
   Principal   Value 
Security Description  Amount   (Note 2) 
7.000%, 02/01/2054  $1,945,909   $2,075,545 
7.000%, 05/01/2054   1,096,587    1,162,670 
7.500%, 12/01/2053   257,604    277,369 
7.500%, 01/01/2054   212,992    223,573 
7.500%, 03/01/2054   270,243    283,668 
Series 2025-,          
1.500%, 02/01/2051   17,596,431    13,634,583 
3.500%, 08/01/2049   7,502,595    7,130,666 
6.000%, 04/01/2040   3,244,265    3,379,259 
         93,961,095 
Freddie Mac Gold Pool          
Series 2004-,          
5.500%, 07/01/2034   66,052    67,495 
Series 2005-,          
5.500%, 11/01/2035   86,013    89,045 
Series 2006-,          
6.500%, 12/01/2034   193,199    198,349 
Series 2013-,          
3.000%, 04/01/2043   1,271,135    1,188,044 
Series 2015-,          
4.500%, 06/01/2034   395,473    403,852 
Series 2024-,          
2.500%, 02/01/2047   1,481,603    1,321,522 
         3,268,307 
Freddie Mac Non Gold Pool          
Series 2016-,          
5Y US TI + 1.24%, 06/01/2045(a)   367,937    365,870 
           
Freddie Mac Pool          
Series 2018-,          
3.000%, 06/01/2043   291,084    271,771 
3.500%, 03/01/2043   283,468    273,284 
4.000%, 06/01/2037   626,439    618,634 
4.500%, 01/01/2036   15,416    15,555 
5.500%, 07/01/2033   92,874    94,136 
Series 2019-,          
3.000%, 10/01/2049   225,153    202,943 
Series 2020-,          
1.500%, 12/01/2045   3,503,411    2,833,849 
2.000%, 06/01/2050   648,400    525,414 
Series 2021-,          
1.000%, 11/01/2036   131,715    116,950 
1.500%, 10/01/2036   3,788,342    3,431,421 
Series 2022-,          
3.000%, 12/01/2051   300,546    270,888 
3.000%, 03/01/2052   4,272,182    3,929,198 
3.500%, 07/01/2037   396,412    369,246 
3.750%, 06/01/2037   336,984    319,565 
5.500%, 09/01/2052   638,639    653,501 
6.000%, 06/01/2052   234,934    245,238 
6.500%, 12/01/2038   286,346    298,601 

   

 

   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2023-,          
4.350%, 01/01/2033  $1,000,000   $1,016,356 
4.450%, 04/01/2030   1,000,000    1,015,767 
5.100%, 06/01/2028   1,150,000    1,149,374 
6.500%, 04/01/2053   983,151    1,027,001 
6.500%, 07/01/2053   752,542    787,211 
6.500%, 08/01/2053   3,497,853    3,664,860 
6.500%, 11/01/2053   79,218    82,346 
7.000%, 12/01/2053   282,602    300,144 
Series 2024-,          
5.030%, 02/01/2029   5,000,000    5,025,750 
6.500%, 01/01/2054   3,605,751    3,775,710 
6.500%, 02/01/2054   1,402,717    1,473,333 
6.500%, 04/01/2054   1,332,636    1,394,226 
7.000%, 08/01/2054   1,266,978    1,313,166 
         36,495,438 
Ginnie Mae I Pool          
Series 2011-,          
4.500%, 03/15/2041   578,628    584,017 
Series 2013-,          
3.500%, 02/15/2043   468,797    449,505 
3.500%, 06/15/2043   105,994    101,921 
Series 2015-,          
3.000%, 07/15/2045   590,867    545,595 
         1,681,038 
Ginnie Mae II Pool          
Series 2011-,          
4.000%, 10/20/2041   333,740    323,336 
Series 2012-,          
3.150%, 12/20/2042   256,651    237,755 
3.500%, 04/20/2042   122,612    115,839 
3.500%, 05/20/2042   128,220    120,704 
3.500%, 11/20/2042   152,734    144,203 
4.500%, 03/20/2042   845,358    871,917 
Series 2013-,          
2.500%, 02/20/2043   2,989,352    2,644,030 
3.000%, 01/20/2043   591,203    557,614 
3.000%, 03/20/2043   390,191    369,226 
Series 2015-,          
3.000%, 01/20/2040   540,408    500,426 
4.700%, 02/20/2065(a)   173,285    174,473 
Series 2016-,          
3.000%, 07/20/2046   325,201    298,669 
3.750%, 09/20/2046   113,609    108,940 
3.750%, 10/20/2046   123,893    118,879 
Series 2017-,          
3.000%, 11/20/2047   676,841    621,609 
3.750%, 07/20/2047   2,486,728    2,325,905 
4.000%, 09/20/2047   270,466    260,528 
Series 2018-,          
3.500%, 04/20/2048   328,002    311,437 
4.500%, 02/20/2048   647,820    645,066 
4.500%, 05/20/2048   751,587    741,946 
4.500%, 09/20/2048   37,964    38,005 
   Principal   Value 
Security Description  Amount   (Note 2) 
Series 2019-,          
4.500%, 11/20/2049  $792,548   $784,285 
5.000%, 07/20/2049   665,548    671,247 
6.000%, 05/20/2049   102,110    106,075 
Series 2020-,          
3.000%, 01/20/2050   2,585,957    2,352,655 
3.000%, 03/20/2050   1,748,056    1,585,926 
3.500%, 12/20/2049   829,692    762,293 
6.500%, 05/20/2039   169,800    182,240 
Series 2021-,          
2.000%, 03/20/2051   981,028    819,774 
2.000%, 09/20/2051   2,774,501    2,318,423 
2.500%, 09/20/2036   454,880    423,740 
2.500%, 02/20/2051   2,779,028    2,407,602 
2.500%, 09/20/2051   3,278,310    2,864,440 
2.500%, 12/20/2051   260,450    228,212 
3.000%, 08/20/2051   26,972    25,072 
3.500%, 02/20/2051   462,137    439,451 
3.500%, 03/20/2051   525,456    493,820 
6.500%, 11/20/2036   154,716    161,351 
6.500%, 09/20/2051   235,426    252,678 
Series 2022-,          
3.000%, 12/20/2044   7,148    6,565 
3.000%, 06/20/2051   1,215,700    1,104,249 
3.500%, 01/20/2052   106,733    98,791 
4.000%, 12/20/2051   316,176    299,356 
5.000%, 11/20/2052   246,391    248,191 
5.500%, 07/20/2035   155,592    158,662 
5.500%, 12/20/2052   4,001,760    3,957,595 
5.500%, 08/20/2062   4,378,024    4,436,606 
6.000%, 12/20/2037   96,221    100,646 
7.000%, 11/20/2052   152,502    156,985 
Series 2023-,          
5.500%, 08/20/2053   122,348    125,213 
6.000%, 09/20/2053   1,872,808    1,938,442 
6.500%, 09/20/2053   664,754    701,285 
6.500%, 10/20/2053   33,362    35,035 
6.500%, 11/20/2053   1,742,918    1,829,419 
7.000%, 11/20/2053   24,119    24,864 
8.000%, 12/20/2063   521,334    549,797 
Series 2024-,          
3.000%, 10/20/2050   4,248,981    3,865,507 
6.000%, 01/20/2054   289,290    300,329 
6.000%, 02/20/2054   3,807,612    3,950,048 
6.000%, 06/20/2054   2,914,341    3,014,096 
6.000%, 11/20/2064   6,007,634    6,172,299 
6.500%, 01/20/2054   6,470,738    6,795,754 
6.500%, 08/20/2054   934,037    972,001 
6.500%, 04/20/2064   502,775    526,572 
6.500%, 05/20/2064   2,250,402    2,356,910 
6.500%, 09/20/2064   1,525,995    1,595,644 
6.500%, 10/20/2064   2,749,935    2,880,089 
6.500%, 12/20/2064   2,268,173    2,375,528 
7.000%, 04/20/2054   1,057,735    1,093,559 
7.000%, 12/20/2063   408,809    426,782 
8.000%, 12/20/2053   527,602    557,267 

   

 

   Principal   Value 
Security Description  Amount   (Note 2) 
8.000%, 08/20/2054  $2,180,240   $2,311,614 
8.000%, 09/20/2054   588,182    637,067 
8.000%, 12/20/2063   1,015,264    1,065,826 
8.500%, 06/20/2054   514,309    563,417 
Series 2025-,          
6.500%, 06/20/2055   1,154,797    1,213,557 
6.500%, 09/20/2055   2,816,827    2,883,999 
6.500%, 10/20/2064   294,991    308,953 
6.500%, 12/20/2064   1,157,276    1,212,049 
6.500%, 01/20/2065   12,546,730    13,140,574 
Series 2026-,          
6.500%, 09/20/2065   406,698    425,947 
         104,826,880 
           
TOTAL MORTGAGE-BACKED SECURITIES          
(Cost $234,409,990)        240,598,628 

 

   Principal   Value 
CORPORATE BONDS (41.19%)
 
Advertising & Marketing (0.06%)          
Omnicom Group, Inc.          
5.30%, 06/02/2036   1,600,000    1,588,835 
           
Aerospace & Defense (3.86%)          
Boeing Co.          
6.53%, 05/01/2034   10,854,000    12,173,065 
7.01%, 05/01/2064   20,950,000    24,308,853 
General Dynamics Corp.          
4.95%, 08/15/2035   3,973,000    4,110,734 
General Electric Co.          
4.90%, 01/29/2036   5,820,000    5,972,208 
Howmet Aerospace, Inc.          
4.75%, 04/15/2036   2,648,000    2,657,309 
L3Harris Technologies, Inc.          
5.35%, 06/01/2034   10,165,000    10,610,602 
Lockheed Martin Corp.          
5.00%, 08/15/2035   8,090,000    8,363,901 
Northrop Grumman Corp.          
5.25%, 07/15/2035   13,025,000    13,639,332 
RTX Corp.          
6.10%, 03/15/2034   15,275,000    16,893,948 
Total Aerospace & Defense        98,729,952 
           
Airlines (1.53%)          
Alaska Airlines 2020-1 Class A Pass Through Trust          
4.80%, 08/15/2027(d)   2,824,412    2,849,364 
AS Mileage Plan IP, Ltd.          
5.02%, 10/20/2029(d)   7,893,000    8,028,777 
5.31%, 10/20/2031(d)   5,907,000    6,025,347 
Southwest Airlines Co.          
5.25%, 11/15/2035   8,048,000    7,985,511 
   Principal   Value 
Security Description  Amount   (Note 2) 
United Airlines 2020-1 Class A Pass Through Trust          
Series 20-1          
5.88%, 10/15/2027  $1,900,563   $1,947,535 
United Airlines Holdings, Inc.          
4.88%, 03/01/2029   6,104,000    6,163,289 
5.38%, 03/01/2031   6,035,000    6,160,586 
Total Airlines        39,160,409 
           
Apparel & Textile Products (0.98%)          
Gildan Activewear, Inc.          
5.40%, 10/07/2035(d)   13,653,000    13,821,514 
VF Corp.          
2.95%, 04/23/2030   12,314,000    11,315,003 
Total Apparel & Textile Products        25,136,517 
           
Auto Parts Manufacturing (0.21%)          
Goodyear Tire & Rubber Co.          
5.63%, 04/30/2033   1,950,000    1,857,341 
6.63%, 07/15/2030   3,426,000    3,502,760 
Total Auto Parts Manufacturing        5,360,101 
           
Automobiles Manufacturing (2.22%)          
Ford Motor Credit Co. LLC          
6.50%, 02/07/2035   17,946,000    18,821,840 
6.80%, 05/12/2028   7,250,000    7,585,368 
General Motors Co.          
5.63%, 04/15/2030   2,800,000    2,939,256 
6.25%, 04/15/2035   10,950,000    11,768,771 
General Motors Financial Co., Inc.          
5.45%, 01/08/2036   5,880,000    5,984,421 
Hyundai Capital America          
4.55%, 01/08/2031(d)   6,411,000    6,472,106 
5.45%, 06/24/2026(d)   2,942,000    2,954,343 
Total Automobiles Manufacturing        56,526,105 
           
Banks (4.13%)          
Capital One NA          
5.97%, 08/09/2028(a)   5,550,000    5,791,783 
Cooperatieve Rabobank UA          
3.75%, 07/21/2026   2,750,000    2,746,566 
Danske Bank A/S          
1Y US TI + 0.95%, 03/01/2028(a)(d)   4,588,000    4,656,313 
1Y US TI + 1.40%, 03/01/2030(a)(d)   3,370,000    3,517,773 
Fifth Third Bancorp          
1D US SOFR + 0.95%, 04/29/2032(a)   6,124,000    6,161,688 
1D US SOFR + 1.24%, 01/29/2037(a)   2,584,000    2,592,960 
First Citizens BancShares, Inc.          
1D US SOFR + 1.41%, 03/12/2031(a)   2,108,000    2,147,333 
5Y US TI + 1.97%, 03/12/2040(a)   13,000,000    13,244,568 

   

 

   Principal   Value 
Security Description  Amount   (Note 2) 
Goldman Sachs Bank USA          
1D US SOFR + 0.777%, 03/18/2027(a)  $2,143,000   $2,144,230 
Huntington Bancshares, Inc.          
5Y US TI + 1.35%, 01/28/2041(a)   1,343,000    1,350,006 
Morgan Stanley Private Bank NA          
1D US SOFR + 1.02%, 11/19/2031(a)   5,570,000    5,605,464 
Pinnacle Financial Partners, Inc.          
1D US SOFR + 2.347%, 11/01/2030(a)   11,450,000    12,009,768 
PNC Financial Services Group, Inc.          
5Y US TI + 1.17%, 01/25/2041(a)   6,010,000    6,078,181 
Regions Financial Corp.          
1D US SOFR + 2.06%, 09/06/2035(a)   3,567,000    3,699,164 
US Bancorp          
1D US SOFR + 0.867%, 01/26/2032(a)   1,289,000    1,303,564 
1D US SOFR + 1.101%, 01/26/2037(a)   773,000    781,616 
Wells Fargo & Co.          
1D US SOFR + 1.10%, 01/23/2037(a)   5,920,000    5,944,814 
1D US SOFR + 1.23%, 01/23/2047(a)   3,614,000    3,580,104 
1D US SOFR + 1.34%, 09/15/2036(a)   2,323,000    2,330,634 
1D US SOFR + 1.74%, 04/23/2036(a)   9,575,000    10,073,917 
1D US SOFR + 2.02%, 04/24/2034(a)   9,300,000    9,694,440 
Total Banks        105,454,886 
           
Biotechnology (0.35%)          
BioMarin Pharmaceutical, Inc.          
5.50%, 02/15/2034(d)   4,893,000    4,939,592 
GENMAB A/S/GENMAB FINANCE LLC          
6.25%, 12/15/2032(d)   3,754,000    3,898,503 
Total Biotechnology        8,838,095 
           
Cable & Satellite (0.40%)          
CCO Holdings LLC / CCO Holdings Capital Corp.          
5.00%, 02/01/2028(d)   4,961,000    4,953,330 
Sirius XM Radio LLC          
5.00%, 08/01/2027(d)   5,306,000    5,306,135 
Total Cable & Satellite        10,259,465 
   Principal   Value 
Security Description  Amount   (Note 2) 
Casinos & Gaming (0.16%)          
Station Casinos LLC          
4.50%, 02/15/2028(d)  $4,154,000   $4,139,392 
           
Chemicals (0.51%)          
Celanese US Holdings LLC          
7.00%, 02/15/2031   5,684,000    5,857,794 
Eastman Chemical Co.          
4.50%, 02/20/2031   4,700,000    4,701,200 
Ecolab, Inc.          
5.00%, 09/01/2035   2,324,000    2,400,600 
Total Chemicals        12,959,594 
           
Consumer Finance (1.97%)          
American Express Co.          
1D US SOFR + 1.237%, 10/24/2036(a)   7,304,000    7,236,536 
1D US SOFR + 1.79%, 04/25/2036(a)   1,050,000    1,112,368 
5Y US TI + 1.15%, 02/08/2041(a)   784,000    801,444 
SOFRINDX + 1.32%, 01/30/2036(a)   3,345,000    3,487,371 
Fidelity National Information Services, Inc.          
2.25%, 03/01/2031   5,490,000    4,956,287 
Fiserv, Inc.          
2.65%, 06/01/2030   3,700,000    3,434,161 
5.25%, 08/11/2035   3,800,000    3,803,248 
5.45%, 03/15/2034   3,650,000    3,722,953 
Global Payments, Inc.          
4.88%, 11/15/2030   6,340,000    6,335,042 
5.55%, 11/15/2035   5,900,000    5,871,729 
Synchrony Financial          
3.70%, 08/04/2026   1,500,000    1,497,126 
1D US SOFR + 1.53%, 02/25/2032(a)   1,971,000    1,960,101 
Visa, Inc.          
4.70%, 02/12/2036   6,107,000    6,174,444 
Total Consumer Finance        50,392,810 
           
Consumer Products (0.24%)          
L'Oreal SA          
5.00%, 05/20/2035(d)   5,900,000    6,137,819 
           
Consumer Services (0.23%)          
Sodexo, Inc.          
5.80%, 08/15/2035(d)   5,675,000    5,976,936 

   

 

   Principal   Value 
Security Description  Amount   (Note 2) 
Diversified Banks (1.35%)          
Bank of America Corp.          
1D US SOFR + 0.87%, 02/06/2032(a)  $1,845,000   $1,859,217 
1D US SOFR + 1.13%, 02/06/2037(a)   1,845,000    1,872,380 
1D US SOFR + 1.91%, 04/25/2034(a)   5,117,000    5,312,225 
JPMorgan Chase & Co.          
1D US SOFR + 0.93%, 04/22/2028(a)   2,434,000    2,477,983 
1D US SOFR + 1.07%, 01/22/2037(a)   3,866,000    3,890,673 
1D US SOFR + 1.19%, 10/22/2036(a)   4,562,000    4,555,108 
1D US SOFR + 1.30%, 02/05/2037(a)   3,920,000    3,961,458 
1D US SOFR + 1.62%, 01/23/2035(a)   7,176,000    7,481,609 
1D US SOFR + 1.635%, 07/23/2036(a)   3,249,000    3,380,181 
Total Diversified Banks        34,790,834 
           
Electrical Equipment Manufacturing (0.12%)          
GE Vernova, Inc.          
4.88%, 02/04/2036   2,945,000    2,983,406 
           
Entertainment Content (1.22%)          
Discovery Communications LLC          
4.13%, 05/15/2029   2,290,000    2,260,012 
Discovery Global Holdings, Inc.          
4.05%, 03/15/2029   3,798,000    3,760,476 
4.28%, 03/15/2032   4,418,000    4,064,560 
5.14%, 03/15/2052   4,370,000    2,873,275 
Paramount Global          
4.20%, 05/19/2032   8,328,000    7,337,617 
4.38%, 03/15/2043   2,502,000    1,579,336 
4.95%, 05/19/2050   3,018,000    1,908,951 
Walt Disney Co.          
4.00%, 03/14/2031   1,849,000    1,853,267 
4.63%, 03/14/2036   5,821,000    5,806,390 
Total Entertainment Content        31,443,884 
           
Exploration & Production (1.90%)          
Ascent Resources Utica Holdings LLC / ARU Finance Corp.          
6.63%, 07/15/2033(d)   353,000    366,538 
Hilcorp Energy I LP / Hilcorp Finance Co.          
6.25%, 11/01/2028(d)   4,240,000    4,272,678 
7.25%, 02/15/2035(d)   10,297,000    10,205,120 
Occidental Petroleum Corp.          
7.88%, 09/15/2031   10,820,000    12,567,145 
   Principal   Value 
Security Description  Amount   (Note 2) 
Permian Resources Operating LLC          
5.88%, 07/01/2029(d)  $2,324,000   $2,333,103 
6.25%, 02/01/2033(d)   3,637,000    3,767,938 
7.00%, 01/15/2032(d)   6,218,000    6,529,472 
9.88%, 07/15/2031(d)   2,112,000    2,265,671 
Viper Energy Partners LLC          
5.70%, 08/01/2035   5,767,000    5,986,002 
Total Exploration & Production        48,293,667 
           
Financial Services (4.23%)          
Affiliated Managers Group, Inc.          
5.50%, 02/15/2036   5,653,000    5,701,955 
Charles Schwab Corp.          
SOFRINDX + 1.05%, 03/03/2027(a)(e)   3,718,000    3,747,903 
Citadel Securities Global Holdings LLC          
5.50%, 06/18/2030(d)   6,484,000    6,673,234 
6.20%, 06/18/2035(d)   7,496,000    7,935,270 
Goldman Sachs Group, Inc.          
1D US SOFR + 1.19%, 01/21/2037(a)   5,940,000    5,984,087 
1D US SOFR + 1.55%, 07/23/2035(a)   5,905,000    6,097,411 
1D US SOFR + 1.58%, 04/23/2031(a)   4,479,000    4,637,560 
5Y US TI + 1.18%, 02/02/2041(a)   6,257,000    6,212,187 
Jane Street Group / JSG Finance, Inc.          
6.13%, 11/01/2032(d)   3,544,000    3,567,872 
6.75%, 05/01/2033(d)   4,450,000    4,569,924 
7.13%, 04/30/2031(d)   11,550,000    12,023,680 
Morgan Stanley          
1D US SOFR + 1.184%, 01/30/2037(a)   3,949,000    3,984,202 
1D US SOFR + 2.05%, 11/01/2034(a)   6,593,000    7,409,017 
1D US SOFR + 2.62%, 04/20/2037(a)   6,026,000    6,175,118 
5Y US TI + 1.17%, 01/18/2041(a)   6,752,000    6,720,244 
Series I          
1D US SOFR + 1.314%, 10/22/2036(a)   6,325,000    6,294,932 
UBS Group AG          
1D US SOFR + 1.34%, 03/23/2037(a)(d)   8,400,000    8,376,175 
1D US SOFR + 1.34%, 08/10/2037(a)(d)   1,965,000    1,983,629 
Total Financial Services        108,094,400 
           
Food & Beverage (0.57%)          
Pilgrim's Pride Corp.          
3.50%, 03/01/2032   555,000    521,132 
6.25%, 07/01/2033   3,925,000    4,235,024 
6.88%, 05/15/2034   8,692,000    9,736,778 

   

 

   Principal   Value 
Security Description  Amount   (Note 2) 
Total Food & Beverage        14,492,934 
           
Health Care Facilities & Services (0.58%)          
HCA, Inc.          
2.38%, 07/15/2031  $8,850,000   $7,996,514 
5.45%, 09/15/2034   5,500,000    5,712,615 
5.70%, 11/15/2055   1,216,000    1,171,543 
Total Health Care Facilities & Services        14,880,672 
           
Homebuilders (0.02%)          
Taylor Morrison Communities, Inc.          
5.13%, 08/01/2030(d)   603,000    608,746 
           
Integrated Oils (0.57%)          
Saudi Arabian Oil Co.          
4.38%, 02/02/2031(d)   2,414,000    2,415,331 
5.00%, 02/02/2036(d)   6,133,000    6,144,806 
TotalEnergies Capital USA LLC          
4.57%, 01/13/2033   3,079,000    3,118,302 
4.86%, 01/13/2036   3,078,000    3,111,603 
Total Integrated Oils        14,790,042 
           
Internet Media (0.79%)          
Alphabet, Inc.          
4.70%, 11/15/2035   6,091,000    6,169,828 
4.80%, 02/15/2036   3,700,000    3,762,224 
5.35%, 11/15/2045   1,260,000    1,266,220 
5.45%, 11/15/2055   1,800,000    1,790,481 
5.65%, 02/15/2056   1,848,000    1,892,347 
5.70%, 11/15/2075   2,700,000    2,700,536 
Meta Platforms, Inc.          
4.88%, 11/15/2035   2,701,000    2,728,920 
Total Internet Media        20,310,556 
           
Manufactured Goods (0.09%)          
Chart Industries, Inc.          
7.50%, 01/01/2030(d)   2,310,000    2,402,543 
           
Medical Equipment & Devices Manufacturing (2.07%)          
Abbott Laboratories          
4.65%, 03/15/2036   2,657,000    2,658,858 
5.50%, 03/15/2056   2,660,000    2,671,090 
Insulet Corp.          
6.50%, 04/01/2033(d)   1,919,000    1,997,044 
Medline Borrower LP/Medline Co.-Issuer, Inc.          
6.25%, 04/01/2029(d)   11,390,000    11,768,399 
Solventum Corp.          
5.45%, 03/13/2031   5,850,000    6,137,731 
5.60%, 03/23/2034   8,400,000    8,786,047 
Thermo Fisher Scientific, Inc.          
4.90%, 02/12/2036   7,818,000    7,956,604 
5.55%, 02/12/2046   4,402,000    4,490,772 
VSP Optical Group, Inc.          
5.45%, 12/01/2035(d)   6,600,000    6,717,664 
   Principal   Value 
Security Description  Amount   (Note 2) 
Total Medical Equipment & Devices Manufacturing        53,184,209 
           
Pharmaceuticals (0.34%)          
AbbVie, Inc.          
4.13%, 03/15/2031  $1,330,000   $1,334,662 
4.75%, 03/15/2036   1,330,000    1,337,486 
Amneal Pharmaceuticals LLC          
6.88%, 08/01/2032(d)   5,721,000    6,021,805 
Total Pharmaceuticals        8,693,953 
           
Pipeline (1.76%)          
Buckeye Partners LP          
4.50%, 03/01/2028(d)   3,874,000    3,879,669 
6.88%, 07/01/2029(d)   7,489,000    7,774,907 
Energy Transfer LP          
7.38%, 02/01/2031(d)   6,349,000    6,590,403 
Flex Intermediate Holdco LLC          
3.36%, 06/30/2031(d)   7,300,000    6,802,708 
4.32%, 12/30/2039(d)   5,250,000    4,509,150 
Kinetik Holdings LP          
6.63%, 12/15/2028(d)   5,640,000    5,817,350 
MPLX LP          
6.20%, 09/15/2055   3,935,000    4,000,773 
NuStar Logistics LP          
6.38%, 10/01/2030   4,238,000    4,464,784 
Targa Resources Corp.          
4.35%, 01/15/2029   1,212,000    1,222,213 
Total Pipeline        45,061,957 
           
Power Generation (0.44%)          
Constellation Energy Generation LLC          
4.40%, 01/15/2031   2,867,000    2,887,204 
5.88%, 01/15/2066   5,633,000    5,627,039 
Vistra Operations Co. LLC          
7.75%, 10/15/2031(d)   2,512,000    2,655,762 
Total Power Generation        11,170,005 
           
Property & Casualty Insurance (0.22%)          
Brown & Brown, Inc.          
5.55%, 06/23/2035   5,550,000    5,666,016 
           
Publishing & Broadcasting (0.36%)          
Nexstar Media, Inc.          
4.75%, 11/01/2028(d)   5,350,000    5,326,973 
5.63%, 07/15/2027(d)   3,725,000    3,727,790 
Total Publishing & Broadcasting        9,054,763 
           
Real Estate (0.89%)          
CoStar Group, Inc.          
2.80%, 07/15/2030(d)   6,325,000    5,817,174 
Cushman & Wakefield US Borrower LLC          
6.75%, 05/15/2028(d)   6,278,000    6,300,174 

   

 

   Principal   Value 
Security Description  Amount   (Note 2) 
GLP Capital LP / GLP Financing II, Inc.          
5.63%, 03/01/2036  $3,765,000   $3,768,577 
Iron Mountain, Inc.          
5.25%, 03/15/2028(d)   603,000    603,741 
VICI Properties LP / VICI Note Co., Inc.          
4.13%, 08/15/2030(d)   6,529,000    6,380,455 
Total Real Estate        22,870,121 
           
Refining & Marketing (0.24%)          
HF Sinclair Corp.          
5.00%, 02/01/2028   1,000,000    999,069 
Sunoco LP          
5.38%, 07/15/2031(d)   990,000    993,549 
5.63%, 03/15/2031(d)   1,379,000    1,391,503 
5.63%, 07/15/2034(d)   990,000    991,084 
5.88%, 03/15/2034(d)   1,879,000    1,887,444 
Total Refining & Marketing        6,262,649 
           
Restaurants (0.34%)          
Starbucks Corp.          
3.35%, 03/12/2050   3,900,000    2,758,541 
5.40%, 05/15/2035   5,644,000    5,952,834 
Total Restaurants        8,711,375 
           
Retail - Consumer Discretionary (0.22%)          
Amazon.com, Inc.          
4.65%, 11/20/2035   5,584,000    5,618,080 
           
Semiconductors (1.08%)          
Broadcom, Inc.          
5.20%, 07/15/2035   4,339,000    4,486,037 
Foundry JV Holdco LLC          
6.10%, 01/25/2036(d)   5,200,000    5,557,786 
6.25%, 01/25/2035(d)   5,000,000    5,388,849 
6.30%, 01/25/2039(d)   11,250,000    12,183,219 
Total Semiconductors        27,615,891 
           
Software & Services (1.99%)          
Fair Isaac Corp.          
6.00%, 05/15/2033(d)   6,085,000    6,155,624 
Leidos, Inc.          
2.30%, 02/15/2031   1,967,000    1,787,711 
5.00%, 03/15/2036   1,854,000    1,850,377 
5.40%, 03/15/2032   6,071,000    6,335,727 
Oracle Corp.          
5.70%, 02/04/2036   3,619,000    3,622,385 
6.70%, 02/04/2056   3,683,000    3,573,881 
Synopsys, Inc.          
4.85%, 04/01/2030   7,370,000    7,548,179 
5.15%, 04/01/2035   9,820,000    10,061,276 
VMware LLC          
2.20%, 08/15/2031   3,050,000    2,733,631 
4.70%, 05/15/2030   7,181,000    7,343,797 
   Principal   Value 
Security Description  Amount   (Note 2) 
Total Software & Services        51,012,588 
           
Supermarkets & Pharmacies (0.97%)          
Albertsons Cos. Inc / Safeway, Inc. / New Albertsons LP / Albertsons LLC          
5.50%, 03/31/2031(d)  $1,225,000   $1,234,776 
6.50%, 02/15/2028(d)   9,350,000    9,523,302 
Albertsons Cos., Inc.          
5.63%, 03/31/2032(d)   1,901,000    1,909,643 
Kroger Co.          
5.00%, 09/15/2034   12,150,000    12,358,021 
Total Supermarkets & Pharmacies        25,025,742 
           
Transportation & Logistics (0.30%)          
Allison Transmission, Inc.          
5.88%, 12/01/2033(d)   1,140,000    1,164,811 
Fedex Freight Holding Co., Inc.          
5.25%, 03/15/2036(d)   6,536,000    6,518,299 
Total Transportation & Logistics        7,683,110 
           
Travel & Lodging (0.53%)          
Carnival Corp.          
4.00%, 08/01/2028(d)   3,134,000    3,114,158 
5.75%, 08/01/2032(d)   10,100,000    10,494,395 
Total Travel & Lodging        13,608,553 
           
Utilities (0.61%)          
American Water Capital Corp.          
5.15%, 03/01/2034   3,408,000    3,545,079 
5.25%, 03/01/2035   5,049,000    5,252,019 
Edison International          
4.80%, 03/15/2031   2,375,000    2,374,414 
Pacific Gas and Electric Co.          
5.20%, 05/01/2036   986,000    989,651 
6.00%, 05/01/2056   530,000    523,852 
Xcel Energy, Inc.          
5Y US TI + 2.168%, 12/03/2056(a)   2,944,000    2,951,347 
Total Utilities        15,636,362 
           
Wireless Telecommunications Services (0.54%)          
SoftBank Corp.          
5.33%, 07/09/2035(d)   6,770,000    6,899,963 
T-Mobile USA, Inc.          
4.95%, 11/15/2035   4,298,000    4,339,290 
Verizon Communications, Inc.          
5.00%, 01/15/2036   2,468,000    2,479,898 
Total Wireless Telecommunications Services        13,719,151 
           
TOTAL CORPORATE BONDS          
(Cost $1,031,556,958)        1,054,347,125 

   

 

   Principal   Value 
Security Description  Amount   (Note 2) 
GOVERNMENT BONDS (39.67%)
 
U.S. Treasury Bonds (39.67%)          
United States Treasury Bonds          
4.63%, 11/15/2045  $106,065,000   $106,785,911 
4.63%, 11/15/2055   127,901,000    127,711,146 
4.75%, 08/15/2055   91,519,000    93,220,681 
4.88%, 08/15/2045   70,228,000    73,070,039 
United States Treasury Inflation Indexed Bonds          
1.63%, 10/15/2029   24,096,102    24,684,050 
United States Treasury Notes          
3.50%, 10/31/2027   37,323,000    37,368,196 
3.50%, 01/31/2028   20,146,000    20,186,135 
3.63%, 08/31/2027   47,016,000    47,142,723 
3.75%, 06/30/2027   19,083,000    19,156,052 
3.75%, 01/31/2031   58,256,000    58,856,765 
3.75%, 10/31/2032   14,090,000    14,131,830 
4.00%, 05/31/2030   43,137,000    44,019,960 
4.00%, 11/15/2035   21,322,000    21,401,958 
4.13%, 01/31/2027   57,385,000    57,686,498 
4.13%, 10/31/2029   118,260,000    121,024,790 
4.13%, 02/15/2036   66,617,000    67,506,962 
4.25%, 01/31/2030   79,179,000    81,467,768 
Total U.S. Treasury Bonds        1,015,421,464 
           
TOTAL GOVERNMENT BONDS          
(Cost $998,571,167)        1,015,421,464 

 

       Value 
   Shares   (Note 2) 
PREFERRED STOCK (2.60%)
           
Energy (0.07%)          
Pipeline (0.07%)          
Energy Transfer LP, Series B, 4.16%(f)(g)   1,712,000   $1,735,355 
           
Total Energy        1,735,355 
           
Financials (1.27%)          
Banks (0.39%)          
Bank of Hawaii., 8.000%   86,678    2,303,034 
US Bancorp, 5Y US TI + 2.541%(a)(f)(g)   4,402,000    4,364,542 
Wells Fargo & Co., Series BB, 5Y US TI + 3.45%(a)(f)(g)   3,302,000    3,300,582 
         9,968,158 
           
Consumer Finance (0.20%)          
Ally Financial, Inc., Series C, 7Y US TI + 3.481%(f)(g)   2,500,000    2,364,763 
American Express Co., 3.550%(f)(g)   2,817,000    2,801,459 
         5,166,222 
       Value 
   Shares   (Note 2) 
Financial Services (0.66%)          
Charles Schwab Corp., Series I, 5Y US TI + 3.17%(a)(f)(g)   7,818,000   $7,796,085 
Goldman Sachs Group, Inc., Series X, 5Y US TI + 2.81%(a)(f)(g)   2,159,000    2,299,497 
UBS Group AG, 6.000%(a)(d)(f)(g)   6,952,000    6,998,690 
         17,094,272 
           
Life Insurance (0.02%)          
Jackson Financial, Inc., 8.000%(f)(g)   16,545    427,688 
           
Total Financials        32,656,340 
           
Government (0.31%)          
Government Agencies (0.31%)          
CoBank ACB, Series M, 5Y US TI + 2.82%(a)(f)(g)   3,826,000    3,981,210 
Farm Credit Bank of Texas, 5Y US TI + 3.29%(a)(f)(g)   2,543,000    2,675,595 
Farm Credit Bank of Texas, Series 6, 5Y US TI + 3.01%(a)(f)(g)   1,156,000    1,199,740 
         7,856,545 
           
Total Government        7,856,545 
           
Health Care (0.25%)          
Health Care Facilities & Services (0.25%)          
CVS Health Corp., 5Y US TI + 2.89%(a)(g)   6,200,000    6,524,936 
           
Total Health Care        6,524,936 
           
Utilities (0.70%)          
Power Generation (0.09%)          
Vistra Corp., 5Y US TI + 6.930%(a)(d)(f)(g)   2,175,000    2,217,067 
           
Utilities (0.61%)          
American Electric Power Co., Inc., 5Y US TI + 2.67%(a)(f)(g)   6,865,000    6,770,146 
Dominion Energy, Inc., 5Y US TI + 2.26%(a)(g)   1,763,000    1,790,032 
Dominion Energy, Inc., 5Y US TI + 2.00%(a)(g)   2,086,000    2,124,501 
Entergy Corp., 5Y US TI + 2.67%(a)(g)   2,758,000    2,887,626 
Eversource Energy, Series B(a)(g)   2,100,000    2,114,185 
           
Total Utilities        17,903,557 

   

 

       Value 
   Shares   (Note 2) 
TOTAL PREFERRED STOCK          
(Cost $65,354,433)      $66,676,733 

 

   7-Day       Value 
   Yield   Shares   (Note 2) 
SHORT TERM INVESTMENTS (1.76%)
 
Money Market Fund (1.76%)
Morgan Stanley Institutional Liquidity Funds - Government Portfolio   3.59%   45,153,721    45,153,721 
                
TOTAL SHORT TERM INVESTMENTS
(Cost $45,153,721)             45,153,721 
                
TOTAL INVESTMENTS (99.31%)               
(Cost $2,492,349,139)            $2,542,294,407 
                
Other Assets In Excess Of Liabilities (0.69%)             17,600,951 
                
NET ASSETS (100.00%)            $2,559,895,358 

 

Investment Abbreviations:

SOFR - Secured Overnight Financing Rate

SOFRINDX - US SOFR Secured Overnight Financing Rate Compounded Index

TI – Treasury Index

 

Reference Rates:

3M US L - 3 Month LIBOR as of February 28, 2026 was 5.28%

1M US SOFR - 1 Month SOFR as of February 28, 2026 was 3.67%

3M US SOFR - 3 Month SOFR as of February 28, 2026 was 3.73%

7Y US TI - 7 Year US Treasury Index as of February 28, 2026 was 3.72%

30D US SOFR - 30 Day SOFR as of February 28, 2026 was 3.67%

1D US SOFR - 1 Day SOFR as of February 28, 2026 was 3.68%

1M CME TERM SOFR - 1 Month CME TERM SOFR as of February 28, 2026 was 3.67%

1Y US TI - 1 Year US TI as of February 28, 2026 was 3.48%

5Y US TI - 5 Year US TI as of February 28, 2026 was 3.51%

 

  

(a) Floating or variable rate security.  The reference rate is described above.  The rate in effect as of February 28, 2026 is based on the reference rate plus the displayed spread as of the security's last reset date.
(b) Issued with zero coupon.
(c) Interest only security.
(d) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of February 28, 2026, the aggregate market value of those securities was $347,434,304, representing 13.57% of net assets.
(e) The SOFRINDX is a compounded average of the daily Secured Overnight Financing Rate determined by reference to the SOFR Index for any interest period.
(f) Perpetual maturity.  This security has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.
(g) Non-Income Producing Security.

 

See Notes to Quarterly Schedule of Investments. 

   

 

Barron's 400 ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Shares   Value 
COMMON STOCKS (97.77%)          
Communication Services (3.07%)          
Alphabet, Inc., Class A   2,025   $631,314 
Cargurus, Inc.(a)   13,513    414,849 
Comcast Corp., Class A   14,746    456,536 
EverQuote, Inc.(a)   19,855    313,709 
Fox Corp.   9,224    477,158 
IDT Corp., Class B, Class B   7,350    374,483 
Meta Platforms, Inc., Class A   642    416,132 
Netflix, Inc.(a)   4,181    402,379 
New York Times Co., Class A   8,262    659,225 
Pinterest, Inc., Class A(a)   13,888    237,901 
Reddit, Inc.(a)   1,920    279,955 
T-Mobile US, Inc.   2,012    436,785 
Verizon Communications, Inc.   11,077    555,401 
Walt Disney Co.   4,196    444,944 
Yelp, Inc.(a)(b)   15,742    350,889 
Total Communication Services        6,451,660 
           
Consumer Discretionary (12.30%)          
Abercrombie & Fitch Co., Class A(a)   5,643    551,885 
Airbnb, Inc., Class A(a)   3,968    536,117 
Amazon.com, Inc.(a)   2,176    456,960 
Boot Barn Holdings, Inc.(a)   2,764    523,004 
Boyd Gaming Corp.   5,749    478,489 
Brinker International, Inc.(a)   3,171    469,942 
Build-A-Bear Workshop, Inc.(b)   6,576    319,988 
Burlington Stores, Inc.(a)   1,854    568,937 
Carnival Corp.   15,454    487,574 
Carvana Co.(a)(b)   1,369    457,465 
Cavco Industries, Inc.(a)   909    524,729 
Covista, Inc.(a)   3,552    348,096 
Cricut, Inc.(b)   73,596    316,463 
Deckers Outdoor Corp.(a)   4,117    482,801 
Dick's Sporting Goods, Inc.(b)   2,249    457,964 
Dorman Products, Inc.(a)   3,026    356,644 
eBay, Inc.   5,366    487,555 
Expedia, Inc.   2,211    476,891 
Frontdoor, Inc.(a)   7,355    504,332 
Gentex Corp.   17,132    400,889 
GigaCloud Technology, Inc.(a)   16,317    723,496 
Grand Canyon Education, Inc.(a)   2,324    369,679 
Green Brick Partners, Inc.(a)   6,623    487,850 
Installed Building Products, Inc.(b)   1,819    596,196 
Kontoor Brands, Inc.(b)   6,008    391,782 
Las Vegas Sands Corp.   9,103    516,322 
Laureate Education, Inc.(a)   16,870    545,576 
Levi Strauss & Co., Class A(b)   22,252    493,104 
Monarch Casino & Resort, Inc.   4,683    450,036 
Norwegian Cruise Line Holdings, Ltd.(a)(b)   18,294    453,508 
NVR, Inc.(a)   61    458,585 
Perdoceo Education Corp.   14,003    467,000 
Security Description  Shares   Value 
Consumer Discretionary (continued)          
PulteGroup, Inc.   3,552   $487,334 
Ralph Lauren Corp.   1,569    568,919 
Ross Stores, Inc.   3,288    676,144 
Royal Caribbean Cruises, Ltd.(b)   1,451    451,203 
Rush Street Interactive, Inc.(a)   23,042    455,080 
Sally Beauty Holdings, Inc.(a)(b)   32,469    521,777 
SharkNinja, Inc.(a)(b)   4,272    524,901 
Standard Motor Products, Inc.   12,039    477,708 
Stride, Inc.(a)(b)   3,081    259,975 
Texas Roadhouse, Inc.   2,929    535,626 
TJX Cos., Inc.   3,496    565,163 
Toll Brothers, Inc.   3,392    533,358 
TopBuild Corp.(a)(b)   1,162    520,925 
Tractor Supply Co.(b)   8,048    417,208 
Ulta Beauty, Inc.(a)   946    647,811 
Universal Technical Institute, Inc.(a)(b)   17,931    649,102 
Urban Outfitters, Inc.(a)   7,200    476,640 
Visteon Corp.(b)   3,911    374,165 
Williams-Sonoma, Inc.   2,481    510,218 
Wyndham Hotels & Resorts, Inc.   5,664    463,315 
XPEL, Inc.(a)(b)   14,045    598,598 
Total Consumer Discretionary        25,875,029 
           
Consumer Staples (2.82%)          
Cal-Maine Foods, Inc.(b)   4,405    383,720 
Casey's General Stores, Inc.   894    612,917 
Coca-Cola Consolidated, Inc.   4,068    823,363 
Colgate-Palmolive Co.   5,846    579,572 
Energizer Holdings, Inc.(b)   16,474    355,674 
Kimberly-Clark Corp.   3,813    424,921 
Maplebear, Inc.(a)(b)   10,508    394,155 
Monster Beverage Corp.(a)   7,531    642,394 
Niagen Bioscience, Inc.(a)(b)   50,626    255,661 
Oil-Dri Corp. of America   7,446    505,137 
Pilgrim's Pride Corp.   11,172    482,184 
Sprouts Farmers Market, Inc.(a)   3,577    264,233 
Vital Farms, Inc.(a)(b)   10,019    211,301 
Total Consumer Staples        5,935,232 
           
Energy (6.03%)          
Archrock, Inc.   19,960    705,187 
Baker Hughes Co.   10,470    683,272 
California Resources Corp.   9,196    541,093 
Cheniere Energy, Inc.   2,070    487,961 
Devon Energy Corp.   14,012    609,942 
EOG Resources, Inc.   4,116    510,713 
EQT Corp.   9,570    587,790 
Halliburton Co.   21,903    788,508 
Innovex International, Inc.(a)(b)   29,301    772,081 
Oceaneering International, Inc.(a)   20,069    712,450 
SandRidge Energy, Inc.   43,332    759,610 
Schlumberger Ltd.   13,686    702,639 
Targa Resources Corp.   2,929    690,658 
TechnipFMC PLC   12,218    810,176 
TETRA Technologies, Inc.(a)   103,892    899,705 
Tidewater, Inc.(a)(b)   8,236    654,103 
Venture Global, Inc.(b)   35,774    346,650 

   

 

Security Description  Shares   Value 
Energy (continued)          
Viper Energy, Inc.   12,621   $587,381 
Weatherford International PLC   7,820    824,697 
Total Energy        12,674,616 
           
Financials (19.15%)          
1st Source Corp.   7,697    515,776 
American Coastal Insurance Corp.   44,152    502,891 
Ameris Bancorp   6,545    508,285 
Artisan Partners Asset Management, Inc., Class A(b)   10,515    423,544 
Atlanticus Holdings Corp.(a)(b)   6,742    352,674 
Axos Financial, Inc.(a)   5,323    462,143 
BancFirst Corp.   3,648    401,280 
Bancorp, Inc.(a)   6,422    337,091 
Bank of NT Butterfield & Son, Ltd.   10,774    546,780 
Bank OZK   9,337    434,731 
Burke & Herbert Financial Services Corp.(b)   7,916    510,107 
Cantaloupe, Inc.(a)   45,090    470,740 
CBOE Holdings, Inc.   2,082    624,017 
City Holding Co.   3,856    462,604 
Coinbase Global, Inc.(a)(b)   1,505    264,654 
Columbia Banking System, Inc.   18,685    531,588 
Commerce Bancshares, Inc.   8,577    437,341 
Community Trust Bancorp, Inc.   8,556    513,702 
Corpay, Inc.(a)   1,590    516,909 
Diamond Hill Investment Group, Inc.   3,426    588,827 
East West Bancorp, Inc.   4,456    487,709 
Enova International, Inc.(a)   4,230    588,181 
Enterprise Financial Services Corp.   8,048    459,541 
Equity Bancshares, Inc.   11,704    525,276 
Esquire Financial Holdings, Inc.(b)   5,020    506,920 
Evercore, Inc., Class A   1,451    448,127 
EVERTEC, Inc.   14,564    412,307 
Federated Hermes, Inc.   9,090    509,131 
First BanCorp   22,404    473,397 
First Business Financial Services, Inc.   9,399    513,655 
First Citizens BancShares, Inc., Class A(b)   248    470,741 
Fulton Financial Corp.(b)   25,072    512,722 
Hamilton Insurance Group, Ltd.   20,410    644,752 
Hamilton Lane, Inc., Class A   3,278    343,993 
Hancock Whitney Corp.(b)   7,710    507,395 
Hanover Insurance Group, Inc.   2,698    487,340 
HCI Group, Inc.   2,698    475,981 
Home BancShares, Inc.(b)   16,324    448,257 
Huntington Bancshares, Inc.   59,373    997,466 
Interactive Brokers Group, Inc.   7,804    555,567 
International Bancshares Corp.   6,906    463,462 
Kinsale Capital Group, Inc.(b)   1,126    438,768 
Mastercard, Inc., Class A   837    432,905 
Mercantile Bank Corp.   10,200    526,932 
Mercury General Corp.   6,134    555,618 
Security Description  Shares   Value 
Financials (continued)          
Moelis & Co., Class A   6,518   $386,908 
Nicolet Bankshares, Inc.   3,617    552,533 
Northeast Bank(b)   4,405    488,426 
Northrim BanCorp, Inc.   21,338    501,230 
OFG Bancorp   11,131    446,130 
Old Second Bancorp, Inc.   26,673    523,591 
Orrstown Financial Services, Inc.   13,821    496,727 
Palomar Holdings, Inc.(a)   4,171    515,994 
Park National Corp.   2,867    471,707 
Paymentus Holdings, Inc.(a)   14,879    364,089 
PayPal Holdings, Inc.   7,292    336,963 
Popular, Inc.   3,938    533,048 
Preferred Bank(b)   5,196    455,793 
PROG Holdings, Inc.   13,708    482,659 
Progressive Corp.   1,962    419,201 
Provident Financial Services, Inc.   24,571    516,974 
Regions Financial Corp.   17,929    498,964 
RenaissanceRe Holdings, Ltd.   1,974    597,056 
Republic Bancorp, Inc.   6,412    442,428 
SEI Investments Co.   5,631    457,913 
ServisFirst Bancshares, Inc.   5,821    471,559 
Shore Bancshares, Inc.   28,593    531,258 
Skyward Specialty Insurance Group, Inc.(a)   10,567    491,048 
Southern Missouri Bancorp, Inc.   8,758    542,208 
Stock Yards Bancorp, Inc.(b)   6,328    405,878 
The Hartford Financial Services Group, Inc.   3,678    517,973 
Travelers Cos., Inc.   1,748    539,503 
Trinity Capital, Inc.(b)   30,267    447,649 
Trustmark Corp.(b)   12,121    516,233 
United Bankshares, Inc.   13,022    537,809 
Unity Bancorp, Inc.   9,383    499,082 
Velocity Financial, Inc.(a)(b)   26,017    483,656 
Virtu Financial, Inc., Class A   13,297    550,629 
Visa, Inc., Class A   1,460    467,404 
Webster Financial Corp.   7,927    571,775 
Westamerica BanCorp   10,015    507,260 
Wintrust Financial Corp.   3,596    518,040 
Total Financials        40,279,125 
           
Health Care (13.09%)          
Abbott Laboratories   3,637    423,165 
ACADIA Pharmaceuticals, Inc.(a)   20,625    506,550 
Addus HomeCare Corp.(a)   4,511    467,024 
Amgen, Inc.   1,785    692,866 
Amphastar Pharmaceuticals, Inc.(a)   17,378    351,557 
Ardent Health, Inc.(a)(b)   37,195    349,261 
Biogen, Inc.(a)   3,363    645,091 
BioMarin Pharmaceutical, Inc.(a)   9,004    555,817 
Boston Scientific Corp.(a)   4,738    364,115 
Bristol-Myers Squibb Co.   10,535    657,068 
Catalyst Pharmaceuticals, Inc.(a)   24,387    562,852 
CorMedix, Inc.(a)(b)   37,598    268,074 

   

 

Security Description  Shares   Value 
Health Care (continued)          
Dexcom, Inc.(a)   6,388   $469,071 
Doximity, Inc., Class A(a)   6,853    168,104 
Eli Lilly & Co.   652    685,898 
Encompass Health Corp.   3,870    417,496 
Ensign Group, Inc.   2,900    621,093 
Exelixis, Inc.(a)   12,436    547,930 
Gilead Sciences, Inc.   4,246    632,442 
Globus Medical, Inc., Class A(a)   8,400    801,864 
Halozyme Therapeutics, Inc.(a)   6,342    440,959 
Harmony Biosciences Holdings, Inc.(a)(b)   15,035    429,099 
IDEXX Laboratories, Inc.(a)   758    497,801 
Illumina, Inc.(a)   5,190    697,847 
Incyte Corp.(a)   5,861    593,543 
Insulet Corp.(a)   1,422    350,679 
Intuitive Surgical, Inc.(a)   1,079    543,287 
iRadimed Corp.   6,830    707,110 
Johnson & Johnson   2,782    691,132 
LeMaitre Vascular, Inc.   5,276    570,758 
Medpace Holdings, Inc.(a)   989    446,791 
Merck & Co., Inc.   5,883    728,433 
Neurocrine Biosciences, Inc.(a)   3,436    454,411 
NovaBridge Biosciences, ADR(a)(b)   119,062    390,523 
Nutex Health, Inc.(a)(b)   5,048    557,602 
Penumbra, Inc.(a)   1,784    614,392 
Pfizer, Inc.   20,405    564,198 
Quest Diagnostics, Inc.   2,663    564,316 
Regeneron Pharmaceuticals, Inc.   877    685,525 
ResMed, Inc.   1,808    463,318 
Rigel Pharmaceuticals, Inc.(a)(b)   13,014    452,106 
SIGA Technologies, Inc.   54,660    353,650 
Stoke Therapeutics, Inc.(a)(b)   21,071    767,195 
Tenet Healthcare Corp.(a)   2,526    604,699 
TransMedics Group, Inc.(a)(b)   4,331    629,121 
United Therapeutics Corp.(a)   1,221    615,262 
Universal Health Services, Inc., Class B   2,543    524,112 
Veeva Systems, Inc., Class A(a)   1,762    320,702 
Vertex Pharmaceuticals, Inc.(a)   1,253    622,528 
Waters Corp.(a)   1,668    532,726 
West Pharmaceutical Services, Inc.   1,925    489,605 
Zoetis, Inc.   3,289    431,188 
Total Health Care        27,521,956 
           
Industrials (21.23%)          
Advanced Drainage Systems, Inc.   3,446    590,438 
AMETEK, Inc.   2,612    624,843 
Applied Industrial Technologies, Inc.   1,853    523,621 
Argan, Inc.   2,115    954,394 
Armstrong World Industries, Inc.   2,478    429,933 
ATI, Inc.(a)   6,482    1,060,390 
Atmus Filtration Technologies, Inc.   10,508    678,081 
Security Description  Shares   Value 
Industrials (continued)          
Automatic Data Processing, Inc.   1,654   $354,551 
AZZ, Inc.(b)   4,160    565,677 
Blue Bird Corp.(a)(b)   8,414    490,284 
Booz Allen Hamilton Holding Corp.(b)   4,656    367,033 
Broadridge Financial Solutions, Inc.   1,974    366,907 
BWX Technologies, Inc.   2,950    607,641 
CACI International, Inc., Class A(a)   990    604,068 
Carlisle Cos., Inc.   1,328    524,255 
Carpenter Technology Corp.   2,033    809,276 
Caterpillar, Inc.   1,147    852,026 
Cintas Corp.   2,408    484,321 
Comfort Systems USA, Inc.   655    936,237 
Crane Co.   2,664    534,212 
Cummins, Inc.   1,183    690,718 
Curtiss-Wright Corp.   974    682,121 
Delta Air Lines, Inc.   8,142    534,929 
Dycom Industries, Inc.(a)   1,915    804,338 
EMCOR Group, Inc.   769    557,233 
Everus Construction Group, Inc.(a)   6,188    747,944 
ExlService Holdings, Inc.(a)   11,189    349,656 
Expeditors International of Washington, Inc.   3,940    571,418 
Fastenal Co.   10,273    472,969 
Federal Signal Corp.   3,875    451,166 
Generac Holdings, Inc.(a)   2,646    596,329 
General Dynamics Corp.   1,521    543,073 
General Electric Co.   1,748    598,271 
Genpact, Ltd.   11,457    455,072 
Great Lakes Dredge & Dock Corp.(a)   40,311    683,272 
Greenbrier Cos., Inc.(b)   10,559    595,739 
HEICO Corp., Class A   1,963    471,336 
Howmet Aerospace, Inc.   2,669    700,693 
Hubbell, Inc.   1,112    568,933 
IBEX Holdings, Ltd.(a)   11,986    346,395 
IES Holdings, Inc.(a)(b)   1,293    640,488 
Innodata, Inc.(a)(b)   7,796    344,349 
Interface, Inc.   17,077    537,755 
ITT, Inc.   2,745    555,615 
Leidos Holdings, Inc.   2,649    463,840 
Lennox International, Inc.(b)   891    507,817 
Lincoln Electric Holdings, Inc.   2,040    585,582 
McGrath RentCorp   3,989    442,580 
Modine Manufacturing Co.(a)   3,254    739,472 
MSA Safety, Inc.   2,880    562,781 
Mueller Industries, Inc.   4,921    580,481 
Mueller Water Products, Inc.   19,445    581,989 
Nextpower, Inc.(a)(b)   7,413    779,106 
Nordson Corp.   2,188    642,047 
Oshkosh Corp.(b)   3,557    604,761 
Parker-Hannifin Corp.   652    657,985 
Paychex, Inc.   3,611    338,170 
Paycom Software, Inc.(b)   2,187    275,190 
Paylocity Holding Corp.(a)   2,870    305,626 
Powell Industries, Inc.(b)   1,689    884,360 

   

 

Security Description  Shares   Value 
Industrials (continued)          
Power Solutions International, Inc.(a)(b)   5,154   $430,359 
Primoris Services Corp.   3,992    601,674 
Rollins, Inc.   8,496    517,321 
SkyWest, Inc.(a)   4,527    471,170 
Snap-on, Inc.   1,481    570,511 
Sterling Infrastructure, Inc.(a)   1,587    679,442 
Uber Technologies, Inc.(a)   5,081    383,209 
UL Solutions, Inc.(b)   7,291    612,225 
Union Pacific Corp.   2,271    601,770 
United Airlines Holdings, Inc.(a)   4,565    485,260 
Upwork, Inc.(a)(b)   29,393    394,454 
Veralto Corp.   4,472    435,707 
Vertiv Holdings Co.   3,610    920,153 
Waste Management, Inc.   2,230    537,073 
Willdan Group, Inc.(a)(b)   4,827    430,279 
Woodward, Inc.   2,074    802,140 
Xylem, Inc.   3,445    446,334 
Zurn Elkay Water Solutions Corp.   10,429    531,670 
Total Industrials        44,660,538 
           
Information Technology (13.62%)          
A10 Networks, Inc.   27,902    537,392 
Adobe, Inc.(a)   1,422    373,147 
Amphenol Corp., Class A   4,103    599,284 
Analog Devices, Inc.   2,021    719,052 
Appfolio, Inc., Class A(a)   1,763    313,391 
Applied Materials, Inc.   2,935    1,092,700 
AppLovin Corp., Class A(a)   853    370,859 
Arista Networks, Inc.(a)   3,489    465,781 
Astera Labs, Inc.(a)   2,122    252,157 
Autodesk, Inc.(a)   1,531    376,427 
Broadcom, Inc.   1,369    437,464 
Cadence Design Systems, Inc.(a)   1,416    426,782 
Cirrus Logic, Inc.(a)   4,165    587,765 
Clear Secure, Inc.   13,056    635,044 
Climb Global Solutions, Inc.(b)   3,704    350,695 
Cognizant Technology Solutions Corp., Class A   7,038    453,458 
Corning, Inc.   6,321    950,552 
Credo Technology Group Holding, Ltd.(a)   3,007    337,596 
DigitalOcean Holdings, Inc.(a)(b)   13,649    765,163 
Docusign, Inc.(a)   6,084    274,206 
Dynatrace, Inc.(a)   9,927    356,578 
Exodus Movement, Inc.(a)   17,156    174,991 
F5, Inc.(a)   1,510    409,754 
First Solar, Inc.(a)   2,410    475,252 
Frequency Electronics, Inc.(a)(b)   18,109    909,253 
Gen Digital, Inc.   16,708    377,100 
Harmonic, Inc.(a)   49,140    522,358 
InterDigital, Inc.(b)   1,543    565,556 
Intuit, Inc.   754    308,409 
Itron, Inc.(a)(b)   4,079    383,222 
KLA Corp.   503    766,849 
Lam Research Corp.   4,218    986,548 
Manhattan Associates, Inc.(a)   2,252    304,988 
Micron Technology, Inc.   3,127    1,289,481 
Microsoft Corp.   954    374,674 
Security Description  Shares   Value 
Information Technology (continued)          
Monolithic Power Systems, Inc.   593   $677,645 
Motorola Solutions, Inc.   1,006    485,154 
Napco Security Technologies, Inc.   11,628    541,981 
NetApp, Inc.   3,926    388,792 
NVIDIA Corp.   2,747    486,741 
OneSpan, Inc.(b)   31,736    350,365 
Oracle Corp.   1,662    241,655 
Palantir Technologies, Inc., Class A(a)   2,849    390,854 
Pegasystems, Inc.(b)   8,387    366,763 
PTC, Inc.(a)   2,380    372,684 
QUALCOMM, Inc.   3,013    428,931 
Qualys, Inc.(a)   3,644    336,961 
Rambus, Inc.(a)(b)   5,661    564,175 
Salesforce, Inc.   2,039    397,177 
ServiceNow, Inc.(a)   2,622    283,202 
Synopsys, Inc.(a)   1,142    472,788 
Texas Instruments, Inc.   2,668    565,909 
Tyler Technologies, Inc.(a)   888    314,965 
Ubiquiti, Inc.(b)   798    612,058 
Western Digital Corp.   5,052    1,413,044 
Zoom Communications, Inc., Class A(a)   5,802    429,000 
Total Information Technology        28,644,772 
           
Materials (5.72%)          
Alcoa Corp.   14,789    918,101 
Cabot Corp.(b)   6,176    470,241 
CF Industries Holdings, Inc.   5,686    565,984 
Coeur Mining, Inc.(a)   31,918    866,574 
Corteva, Inc.   6,550    524,786 
CRH PLC   4,290    514,714 
Ecolab, Inc.   1,820    561,197 
Freeport-McMoRan, Inc.   10,892    741,527 
Hecla Mining Co.(b)   43,493    1,083,411 
Idaho Strategic Resources, Inc.(a)(b)   16,301    702,084 
NewMarket Corp.   595    372,476 
Newmont Corp.   6,243    811,590 
Packaging Corp. of America   2,265    525,797 
Royal Gold, Inc.(b)   2,576    772,259 
RPM International, Inc.   3,859    440,389 
Southern Copper Corp.(b)   4,663    1,018,038 
SSR Mining, Inc.(a)   21,747    700,036 
United States Lime & Minerals, Inc.   3,838    438,146 
Total Materials        12,027,350 
           
Utilities (0.74%)          
Constellation Energy Corp.   1,501    495,150 
Edison International   8,672    648,145 
Vistra Corp.   2,324    404,121 
Total Utilities        1,547,416 
           
TOTAL COMMON STOCKS          
(Cost $165,593,148)        205,617,694 

   

 

Security Description  Shares   Value 
LIMITED PARTNERSHIPS (1.99%)          
Energy (1.58%)          
Black Stone Minerals LP   39,641   $598,579 
Cheniere Energy Partners LP   9,551    585,476 
Enterprise Products Partners LP   15,648    565,519 
Hess Midstream LP, Class A   12,407    479,903 
MPLX LP   9,542   $562,406 
Western Midstream Partners LP   12,694    527,943 
Total Energy        3,319,826 
           
Industrials (0.41%)          
FTAI Aviation, Ltd.   2,840    868,472 
           
TOTAL LIMITED PARTNERSHIPS          
(Cost $3,097,732)        4,188,298 

 

    7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (8.35%)
Money Market Fund (0.20%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)               
(Cost $413,566)   3.63%   413,566   $413,566 
                
                
Investments Purchased with Collateral from Securities Loaned (8.15%)               
State Street Navigator Securities Lending Government Money Market Portfolio, 3.70%               
(Cost $17,148,134)        17,148,134    17,148,134 
TOTAL SHORT TERM INVESTMENTS
(Cost $17,561,700)             17,561,700 
                
TOTAL INVESTMENTS (108.11%)
(Cost $186,252,580)            $227,367,692 
LIABILITIES IN EXCESS OF OTHER ASSETS (-8.11%)             (17,058,826)
NET ASSETS - 100.00%            $210,308,866 

  

(a) Non-income producing security.
(b) Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $26,255,513.

 

See Notes to Quarterly Schedule of Investments.

   

 

Level Four Large Cap Growth Active ETF

Schedule of Investments

 

As of February 28, 2026 (Unaudited) 

 

Security Description  Shares   Value 
COMMON STOCKS (93.04%)          
Communication Services (12.68%)          
Alphabet, Inc., Class A   25,281   $7,881,604 
Meta Platforms, Inc., Class A   5,001    3,241,548 
Netflix, Inc.(a)   24,039    2,313,514 
Walt Disney Co.   10,779    1,143,005 
Total Communication Services        14,579,671 
           
Consumer Discretionary (14.98%)          
Amazon.com, Inc.(a)   31,237    6,559,770 
Booking Holdings, Inc.   584    2,475,780 
Etsy, Inc.(a)   17,533    962,211 
Home Depot, Inc.   3,179    1,210,309 
McDonald's Corp.   3,862    1,317,174 
PulteGroup, Inc.   9,709    1,332,075 
RH(a)(b)   20,264    3,357,947 
Total Consumer Discretionary        17,215,266 
           
Consumer Staples (2.09%)          
Celsius Holdings, Inc.(a)   19,750    1,058,798 
Constellation Brands, Inc., Class A   8,540    1,348,124 
Total Consumer Staples        2,406,922 
           
Energy (1.86%)          
Phillips 66   13,817    2,132,378 
           
Financials (8.45%)          
Blackrock, Inc.   2,081    2,212,581 
Mastercard, Inc., Class A   4,268    2,207,452 
Morgan Stanley   7,362    1,225,847 
PayPal Holdings, Inc.   63,800    2,948,199 
Visa, Inc., Class A   3,503    1,121,450 
Total Financials        9,715,529 
           
Health Care (7.68%)          
AbbVie, Inc.   5,979    1,387,606 
Dexcom, Inc.(a)   17,663    1,296,994 
Intuitive Surgical, Inc.(a)   2,628    1,323,224 
UnitedHealth Group, Inc.   11,676    3,424,221 
Vertex Pharmaceuticals, Inc.(a)   2,804    1,393,112 
Total Health Care        8,825,157 
           
Industrials (7.88%)          
Copart, Inc.(a)   27,376    1,042,752 
Fortive Corp.   17,772    1,052,102 
Lockheed Martin Corp.   2,608    1,716,273 
Paycom Software, Inc.(b)   6,163    775,490 
TransDigm Group, Inc.   927    1,207,686 
Uber Technologies, Inc.(a)   43,266    3,263,122 
Total Industrials        9,057,425 
Security Description  Shares   Value 
Information Technology (36.79%)          
Apple, Inc.   31,968   $8,445,306 
Applied Materials, Inc.   4,238    1,577,807 
Arista Networks, Inc.(a)   8,379    1,118,597 
Broadcom, Inc.   6,883    2,199,463 
Docusign, Inc.(a)   34,155    1,539,366 
Lam Research Corp.   6,185    1,446,610 
Micron Technology, Inc.   3,654    1,506,800 
Microsoft Corp.   13,512    5,306,702 
MongoDB, Inc.(a)   3,606    1,184,463 
Monolithic Power Systems, Inc.   2,335    2,668,297 
NVIDIA Corp.   26,436    4,684,194 
Palo Alto Networks, Inc.(a)   5,754    856,886 
Ralliant Corp.   27,768    1,274,274 
Salesforce, Inc.   9,471    1,844,855 
ServiceNow, Inc.(a)   16,457    1,777,521 
Snowflake, Inc., Class A(a)   13,308    2,241,200 
Twilio, Inc., Class A(a)   21,561    2,608,019 
Total Information Technology        42,280,360 
           
Real Estate (0.63%)          
Zillow Group, Inc.(a)   16,225    723,960 
           
TOTAL COMMON STOCKS          
(Cost $93,427,912)        106,936,668 

 

    7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (7.78%)
Money Market Fund (6.95%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)               
(Cost $7,991,016)   3.63%   7,991,016   $7,991,016 
                
                
Investments Purchased with Collateral from Securities Loaned (0.83%)               
State Street Navigator Securities Lending Government Money Market Portfolio, 3.70%               
(Cost $955,315)        955,315    955,315 
TOTAL SHORT TERM INVESTMENTS
(Cost $8,946,331)             8,946,331 
                
TOTAL INVESTMENTS (100.82%)
(Cost $102,374,243)            $115,882,999 
LIABILITIES IN EXCESS OF OTHER ASSETS (-0.82%)             (943,225)
NET ASSETS - 100.00%            $114,939,774 

  

(a) Non-income producing security.
(b) Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $879,864.

  

See Notes to Quarterly Schedule of Investments.

   

 

RiverFront Strategic Income Fund

Schedule of Investments

 

As of February 28, 2026 (Unaudited)

 

Security Description  Principal
Amount		   Value 
CORPORATE BONDS (68.76%)          
Communications (2.72%)          
Charter Communications Operating LLC / Charter Communications Operating Capital          
5.850%, 12/01/2035  $720,000   $724,932 
Netflix, Inc.          
4.375%, 11/15/2026   503,000    505,024 
Sirius XM Radio LLC          
5.000%, 08/01/2027(a)   598,000    598,015 
Total Communications        1,827,971 
           
Consumer Discretionary (12.18%)          
Brink's Co.          
6.500%, 06/15/2029(a)   688,000    709,035 
General Motors Financial Co., Inc.          
5.400%, 04/06/2026   590,000    590,649 
Group 1 Automotive, Inc.          
6.375%, 01/15/2030(a)   720,000    738,441 
Hilton Domestic Operating Co., Inc.          
5.500%, 03/31/2034(a)   848,000    857,508 
Hyatt Hotels Corp.          
5.750%, 01/30/2027   610,000    618,415 
Las Vegas Sands Corp.          
6.000%, 08/15/2029   664,000    695,003 
Lennar Corp.          
4.750%, 11/29/2027   607,000    612,688 
Marriott International, Inc.          
4.900%, 04/15/2029   590,000    605,180 
MGM Resorts International          
5.500%, 04/15/2027   616,000    621,941 
Newell Brands, Inc.          
6.375%, 09/15/2027   725,000    737,815 
Service Corp. International          
5.750%, 10/15/2032   723,000    738,009 
Volkswagen Group of America Finance LLC          
6.450%, 11/16/2030(a)   603,000    651,718 
Total Consumer Discretionary        8,176,402 
           
Consumer Staples (2.03%)          
Coty, Inc./HFC Prestige Products Inc/HFC Prestige International US LLC          
5.600%, 01/15/2031(a)   716,000    718,680 
Post Holdings, Inc.          
6.250%, 02/15/2032(a)   628,000    646,807 
Total Consumer Staples        1,365,487 
Security Description  Principal
Amount		   Value 
Energy (10.38%)        
Columbia Pipelines Holding Co. LLC          
6.042%, 08/15/2028(a)  $609,000   $636,798 
4.999%, 11/17/2032(a)   424,000    432,667 
EQT Corp.          
6.375%, 04/01/2029   844,000    872,310 
Hess Midstream Operations LP          
6.500%, 06/01/2029(a)   664,000    687,395 
Hilcorp Energy I LP / Hilcorp Finance Co.          
7.250%, 02/15/2035(a)   723,000    716,548 
Kinetik Holdings LP          
6.625%, 12/15/2028(a)   609,000    628,150 
Murphy Oil Corp.          
6.000%, 10/01/2032   1,203,000    1,205,797 
Sunoco LP          
5.625%, 03/15/2031(a)   385,000    388,491 
Sunoco LP / Sunoco Finance Corp.          
7.000%, 09/15/2028(a)   609,000    626,043 
Venture Global Plaquemines LNG LLC          
6.750%, 01/15/2036(a)   725,000    772,709 
Total Energy        6,966,908 
           
Financials (16.15%)          
Aircastle, Ltd.          
6.500%, 07/18/2028(a)   609,000    640,568 
American Express Co.          
5.850%, 11/05/2027   652,000    673,010 
Avolon Holdings Funding, Ltd.          
6.375%, 05/04/2028(a)   622,000    648,384 
Block, Inc.          
6.500%, 05/15/2032   640,000    658,799 
Citigroup, Inc.          
4.450%, 09/29/2027   830,000    835,249 
EPR Properties          
4.750%, 12/15/2026   500,000    501,597 
HAT Holdings I LLC / HAT Holdings II LLC          
8.000%, 06/15/2027(a)   171,000    177,934 
Howard Hughes Corp.          
5.875%, 03/01/2032(a)   670,000    670,063 
HSBC USA, Inc.          
5.294%, 03/04/2027   628,000    637,301 
Iron Mountain, Inc.          
4.875%, 09/15/2027(a)   574,000    574,129 
Keybank National Association          
5.850%, 11/15/2027   609,000    627,243 
Macquarie Airfinance Holdings, Ltd.          
6.400%, 03/26/2029(a)   688,000    725,702 
OneMain Finance Corp.          
6.625%, 01/15/2028   664,000    678,136 
6.625%, 05/15/2029   727,000    743,086 
Penske Truck Leasing Co. Lp / PTL Finance Corp.          
6.050%, 08/01/2028(a)   609,000    635,146 
Royal Bank of Canada          
6.000%, 11/01/2027   652,000    675,000 

   

 

Security Description  Principal
Amount		   Value 
Financials (continued)        
Starwood Property Trust, Inc.        
6.000%, 04/15/2030(a)  $720,000   $739,370 
Total Financials        10,840,717 
           
Health Care (1.79%)          
DaVita, Inc.          
4.625%, 06/01/2030(a)   574,000    562,280 
HCA, Inc.          
5.625%, 09/01/2028   616,000    635,558 
Total Health Care        1,197,838 
           
Industrials (7.80%)          
L3Harris Technologies, Inc.          
5.400%, 07/31/2033   788,000    830,442 
MasTec, Inc.          
4.500%, 08/15/2028(a)   544,000    543,995 
Textron, Inc.          
5.500%, 05/15/2035   934,000    985,005 
TransDigm, Inc.          
6.375%, 03/01/2029(a)   628,000    645,855 
Trinity Industries, Inc.          
7.750%, 07/15/2028(a)   664,000    683,559 
United Rentals North America, Inc.          
6.000%, 12/15/2029(a)   786,000    806,688 
WESCO Distribution, Inc.          
6.375%, 03/15/2029(a)   720,000    741,081 
Total Industrials        5,236,625 
           
Materials (10.40%)          
Alcoa Nederland Holding BV          
7.125%, 03/15/2031(a)   616,000    651,686 
ArcelorMittal SA          
6.550%, 11/29/2027   609,000    633,460 
Avient Corp.          
6.250%, 11/01/2031(a)   723,000    747,057 
Ball Corp.          
6.000%, 06/15/2029   616,000    635,889 
Berry Global, Inc.          
4.875%, 07/15/2026(a)   276,000    276,058 
Celanese US Holdings LLC          
6.500%, 04/15/2030   480,000    492,170 
7.050%, 11/15/2030   609,000    649,796 
Freeport-McMoRan, Inc.          
5.000%, 09/01/2027   278,000    278,219 
Methanex Corp.          
5.125%, 10/15/2027   505,000    507,333 
Methanex US Operations, Inc.          
6.250%, 03/15/2032(a)   404,000    418,396 
Qnity Electronics, Inc.          
5.750%, 08/15/2032(a)   720,000    737,580 
Sasol Financing USA LLC          
4.375%, 09/18/2026   327,000    324,597 
Security Description  Principal
Amount		   Value 
Materials (continued)        
Sealed Air Corp./Sealed Air Corp US          
6.125%, 02/01/2028(a)  $616,000   $624,897 
Total Materials        6,977,138 
           
Technology (2.46%)          
CDW LLC / CDW Finance Corp.          
3.569%, 12/01/2031   8,000    7,451 
Concentrix Corp.          
6.600%, 08/02/2028   884,000    891,941 
Seagate Data Storage Technology Pte, Ltd.          
5.875%, 07/15/2030(a)   727,000    748,856 
Total Technology        1,648,248 
           
Utilities (2.85%)          
American Electric Power Co., Inc.          
5.750%, 11/01/2027   652,000    671,210 
NRG Energy, Inc.          
5.750%, 01/15/2028   598,000    598,272 
Vistra Operations Co. LLC          
7.750%, 10/15/2031(a)   609,000    643,853 
Total Utilities        1,913,335 
           
TOTAL CORPORATE BONDS          
(Cost $45,442,331)        46,150,669 
           
GOVERNMENT BONDS (26.20%)          
Mexico Government International Bond          
6.000%, 05/13/2030   630,000    660,933 
U.S. Treasury Note          
4.625%, 09/30/2030   811,000    849,221 
United States Treasury Bond          
4.375%, 05/15/2034   2,666,000    2,768,370 
4.750%, 02/15/2037   1,178,000    1,258,711 
4.750%, 11/15/2043   2,824,000    2,907,617 
4.500%, 02/15/2044   3,414,000    3,404,265 
4.625%, 05/15/2044   1,057,000    1,069,346 
4.000%, 11/15/2052   5,188,000    4,662,816 
TOTAL GOVERNMENT BONDS          
(Cost $18,389,519)        17,581,279 

   

 

    7 Day Yield  Shares   Value 
SHORT TERM INVESTMENTS (3.73%)
Money Market Fund (3.73%)
State Street Institutional Treasury Plus Money Market Fund (Premier Class)   3.63%   2,503,664   $2,503,664 
TOTAL SHORT TERM INVESTMENTS
(Cost $2,503,664)             2,503,664 
                
TOTAL INVESTMENTS (98.69%)
(Cost $66,335,514)            $66,235,612 
OTHER ASSETS IN EXCESS OF LIABILITIES (1.31%)             881,628 
NET ASSETS - 100.00%            $67,117,240 

  

(a)Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $23,452,142, representing 34.94% of net assets.

 

See Notes to Quarterly Schedule of Investments.

   

 

ALPS ETF Trust

Notes to Quarterly Schedules of Investments

February 28, 2026 (Unaudited)

 

1. Portfolio Valuation

 

Shares of the ALPS Active REIT ETF, the ALPS Electrification Infrastructure ETF, and the Level Four Large Cap Growth Active ETF are listed on the NASDAQ Stock Market LLC (“NASDAQ”). Shares of the Alerian Energy Infrastructure ETF, the Alerian MLP ETF, the ALPS Active Equity Opportunity ETF, the ALPS| BBH Intermediate Municipal Bond ETF (formerly, ALPS Intermediate Municipal Bond ETF), the ALPS Clean Energy ETF, the ALPS Disruptive Technologies ETF, the ALPS Dynamic Core Income ETF (formerly RiverFront Dynamic Core Income ETF), the ALPS Dynamic US Dividend Advantage ETF (formerly, RiverFront Dynamic US Dividend Advantage ETF), the ALPS Emerging Sector Dividend Dogs ETF, the ALPS Equal Sector Weight ETF, the ALPS International Sector Dividend Dogs ETF, the ALPS Medical Breakthroughs ETF, the ALPS Nautilus SMR Nuclear & Technology ETF, the ALPS | O’Shares International Developed Quality Dividend ETF (formerly, ALPS | O’Shares Europe Quality Dividend ETF), the ALPS | O’Shares Global Internet Giants ETF, the ALPS | O’Shares U.S. Quality Dividend ETF, the ALPS | O’Shares U.S. Small-Cap Quality Dividend ETF, the ALPS REIT Dividend Dogs ETF, the ALPS Sector Dividend Dogs ETF, the ALPS | Smith Core Plus Bond ETF, the Barron’s 400SM ETF, and the RiverFront Strategic Income Fund (each a “Fund” and along with ALPS Active REIT ETF, ALPS Electrification Infrastructure ETF, Level Four Large Cap Growth Active ETF, collectively, the “Funds”) are listed on the New York Stock Exchange Arca, Inc. (“NYSE”). Each Fund’s Net Asset Value (“NAV”) is determined daily, as of the close of regular trading on the NYSE, normally 4:00 p.m. Eastern time, on each day the NYSE is open for trading. The NAV is computed by dividing the value of all assets of each Fund (including accrued interest and dividends), less all liabilities (including accrued expenses and dividends declared but unpaid), by the total number of shares outstanding.

 

The following is a summary of significant accounting policies consistently followed by the Funds in the preparation of the schedules of investments. The accompanying schedules of investments were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The preparation of the schedules of investments in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the schedules of investments and the reported amounts of revenue and expenses during the period. Actual results could differ from those estimates. Each Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946. In regards to Financial Accounting Standards Board Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures (“ASU 2023-07”), the Chief Operating Decision Maker (“CODM”) monitors the operating results of each Fund as a whole. The Funds’ Treasurer is the CODM for each Fund. Each Fund’s financial information is used by the CODM to assess each segment’s performance. The CODM has determined that each Fund is a single operating segment as defined by ASU 2023-07 that recognizes revenues and incurs expenses. This is supported by the single investment strategy of each Fund, against which the CODM assesses performance.

 

Portfolio securities listed on any exchange other than the NASDAQ are valued at the last sale price on the business day as of which such value is being determined. If there has been no sale on such day, the securities are valued at the mean of the most recent bid and ask prices on such day. Securities traded on the NASDAQ are valued at the NASDAQ Official Closing Price as determined by NASDAQ. Portfolio securities traded on more than one securities exchange are valued at the last sale price on the business day as of which such value is being determined at the close of the exchange representing the principal market for such securities. Portfolio securities traded in the over-the-counter market, but excluding securities traded on the NASDAQ, are valued at the latest quoted sale price in such market.

 

Corporate bonds and the United State Government Bonds are typically valued at the mean between the evaluated bid and ask prices formulated by an independent pricing service.

 

Each Fund’s investments are valued at market value or, in the absence of market value with respect to any portfolio securities, at fair value according to procedures adopted by the Trust’s Board of Trustees (the “Board”). Pursuant to Rule 2a-5 under the 1940 Act, the Board designated ALPS Advisors, Inc. (the “Adviser”) as the valuation designee ("Valuation Designee") for each Fund to perform the fair value determinations relating to Fund investments. The Adviser may carry out its designated responsibilities as Valuation Designee through various teams and committees. When market quotations are not readily available or when events occur that make established valuation methods unreliable, securities of the Funds may be valued in good faith by the Valuation Designee. These securities generally include, but are not limited to, restricted securities (securities which may not be publicly sold without registration under the Securities Act of 1933) for which a pricing service is unable to provide a market price; securities whose trading has been formally suspended; a security whose market price is not available from a pre-established primary pricing source or the pricing source is not willing to provide a price; a security with respect to which an event has occurred that is most likely to materially affect the value of the security after the market has closed but before the calculation of a Fund’s NAV or make it difficult or impossible to obtain a reliable market quotation; or a security whose price, as provided by the pricing service, does not reflect the security’s “fair value” due to the security being de-listed from a national exchange or the security’s primary trading market is temporarily closed at a time when, under normal conditions, it would be open. As a general principle, the current “fair value” of a security would be the amount which the owner might reasonably expect to receive from the sale on the applicable exchange or principal market. A variety of factors may be considered in determining the fair value of such securities.

   

 

The accounting records of each Fund are maintained in U.S. dollars.

 

Certain Funds may directly purchase securities of foreign issuers. Investments in non-U.S. issuers may involve unique risks compared to investing in securities of U.S. issuers, including, among others, greater market volatility than U.S. securities and less complete financial information than for U.S. issuers. In addition, adverse political, economic or social developments could undermine the value of a Fund’s investments or prevent a Fund from realizing the full value of its investments. Financial reporting standards for companies based in foreign markets differ from those in the United States. Finally, the value of the currency of the country in which a Fund has invested could decline relative to the value of the U.S. dollar, which may affect the value of the investment to U.S. investors.

 

Because foreign markets may be open on different days than the days during which investors may purchase the shares of each Fund, the value of each Fund’s securities may change on the days when investors are not able to purchase the shares of the Funds. The value of securities denominated in foreign currencies is converted into U.S. dollars using exchange rates determined daily as of the close of regular trading on the NYSE or NASDAQ. Any use of a different rate from the rates used by the Index may adversely affect a Fund’s ability to track their Index.

 

2. Fair Value Measurements

 

Each Fund discloses the classification of its fair value measurements following a three-tier hierarchy based on the inputs used to measure fair value. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability that are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability that are developed based on the best information available.

 

Valuation techniques used to value each Fund’s investments by major category are as follows:

 

Exchange Traded Options and equity securities, including restricted securities, Exchange Traded Funds, Closed-End Funds and Limited Partnerships, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, the exchange traded options or equity securities are valued at the mean of the most recent quoted bid and ask prices on such day and are generally categorized as Level 2 in the hierarchy. Investments in open-end mutual funds are valued at their closing NAV each business day and are categorized as Level 1 in the hierarchy.

 

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. For corporate bonds, pricing vendors utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances. Certain Funds may invest a significant portion of its assets in below investment grade securities. The value of these securities can be more volatile due to changes in the credit quality of the issuer and is sensitive to changes in economic, market and regulatory conditions.

 

Treasury Bills and Treasury Notes are typically valued at the mean between the evaluated bid and ask prices formulated by an independent pricing service and are categorized as Level 2 in the hierarchy, due to their active trading, short-term maturity and liquidity.

 

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

   

 

Various inputs are used in determining the value of each Fund’s investments as of the end of the reporting period. When inputs used fall into different levels of the fair value hierarchy, the level in the hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The designated input levels are not necessarily an indication of the risk or liquidity associated with these investments.

 

These inputs are categorized in the following hierarchy under applicable financial accounting standards:

 

Level 1 – Unadjusted quoted prices in active markets for identical investments, unrestricted assets or liabilities that a Fund has the ability to access at the measurement date;
Level 2 – Quoted prices which are not active, quoted prices for similar assets or liabilities in active markets or inputs other than quoted prices that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and
Level 3 – Significant unobservable prices or inputs (including the Fund’s own assumptions in determining the fair value of investments) where there is little or no market activity for the asset or liability at the measurement date.

 

The following is a summary of the inputs used to value each Fund’s investments at February 28, 2026:

 

 

Alerian Energy Infrastructure ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Canadian Energy Infrastructure Companies*  $112,657,495   $–   $–   $112,657,495 
Exchange Traded Fund   1,569,395    –    –    1,569,395 
U.S. Energy Infrastructure Companies*   115,868,041    –    –    115,868,041 
U.S. Energy Infrastructure MLPs*   105,935,617    –    –    105,935,617 
U.S. General Partners*   61,622,363    –    –    61,622,363 
Short Term Investments   7,450,108    –    –    7,450,108 
Total  $405,103,019   $–   $–   $405,103,019 

 

 

Alerian MLP ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Master Limited Partnerships*  $12,734,033,622   $–   $–   $12,734,033,622 
Short Term Investments   3,166,201    –    –    3,166,201 
Total  $12,737,199,823   $–   $–   $12,737,199,823 

 

ALPS Active Equity Opportunity ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Common Stocks*  $27,260,148   $–   $–   $27,260,148 
Short Term Investments   1,492,100    –    –    1,492,100 
Total  $28,752,248   $–   $–   $28,752,248 

 

 

ALPS Active REIT ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Common Stocks*  $49,387,085   $–   $–   $49,387,085 
Short Term Investments   563,877    –    –    563,877 
Total  $49,950,962   $–   $–   $49,950,962 

 

 

ALPS|BBH Intermediate Municipal Bond ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Government Bonds*  $–   $4,990,528   $–   $4,990,528 
Municipal Bonds*   –    47,273,966    –    47,273,966 
Total  $–   $52,264,494   $–   $52,264,494 

 

ALPS Clean Energy ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Common Stocks*  $105,003,252   $–   $–   $105,003,252 
Master Limited Partnerships*   7,984,010    –    –    7,984,010 
Short Term Investments   22,060,429    –    –    22,060,429 
Total  $135,047,691   $–   $–   $135,047,691 

 

   

 

ALPS Disruptive Technologies ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Common Stocks*  $73,928,299   $–   $–   $73,928,299 
Master Limited Partnerships*   914,870    –    –    914,870 
Short Term Investments   5,444,020    –    –    5,444,020 
Total  $80,287,189   $–   $–   $80,287,189 

 

ALPS Dynamic Core Income ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Corporate Bonds*  $–   $11,338,399   $–   $11,338,399 
Government Bonds*   –    4,180,680    –    4,180,680 
Short Term Investments   299,585    –    –    299,585 
Total  $299,585   $15,519,079   $–   $15,818,664 

 

ALPS Dynamic US Dividend Advantage ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Common Stocks*  $81,456,285   $–   $–   $81,456,285 
Short Term Investments   6,356,600    –    –    6,356,600 
Total  $87,812,885   $–   $–   $87,812,885 

 

ALPS Electrification Infrastructure ETF

Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Common Stocks*  $147,009,379   $–   $–   $147,009,379 
Short Term Investments   12,851,046    –    –    12,851,046 
Total  $159,860,425   $–   $–   $159,860,425 

 

 

ALPS Emerging Sector Dividend Dogs ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Common Stocks*                    
Russia  $–   $–   $1,233   $1,233 
Other*   28,030,725    –    –    28,030,725 
Preferred Stock*   1,244,146    –    –    1,244,146 
Short Term Investments   3,791,711    –    –    3,791,711 
Total  $33,066,582   $–   $1,233   $33,067,815 

 

 

ALPS Equal Sector Weight ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Exchange Traded Funds*  $666,868,177   $–   $–   $666,868,177 
Short Term Investments   93,807,746    –    –    93,807,746 
Total  $760,675,923   $–   $–   $760,675,923 

 

 

ALPS International Sector Dividend Dogs ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Common Stocks*  $511,730,772   $–   $–   $511,730,772 
Short Term Investments   50,709,538    –    –    50,709,538 
Total  $562,440,310   $–   $–   $562,440,310 

 

ALPS Medical Breakthroughs ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Common Stocks*  $138,024,097   $–   $–   $138,024,097 
Short Term Investments   17,277,836    –    –    17,277,836 
Total  $155,301,933   $–   $–   $155,301,933 

   

 

 

ALPS Nautilus SMR Nuclear & Technology ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Common Stocks*  $5,920,420   $–   $–   $5,920,420 
Short Term Investments   142,647    –    –    142,647 
Total  $6,063,067   $–   $–   $6,063,067 
Other Financial Instruments                
Liabilities                    
Written Options  $(220)  $–   $–   $(220)
Total  $(220)  $–   $–   $(220)

 

ALPS | O'Shares International Developed Quality Dividend ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Common Stocks*  $40,657,779   $–   $–   $40,657,779 
Short Term Investments   3,358,446    –    –    3,358,446 
Total  $44,016,225   $–   $–   $44,016,225 

 

 

ALPS | O'Shares Global Internet Giants ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Common Stocks*  $111,701,871   $–   $–   $111,701,871 
Short Term Investments   3,422,675    –    –    3,422,675 
Total  $115,124,546   $–   $–   $115,124,546 

 

 

ALPS | O'Shares U.S. Quality Dividend ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Common Stocks*  $790,693,811   $–   $–   $790,693,811 
Short Term Investments   486,177    –    –    486,177 
Total  $791,179,988   $–   $–   $791,179,988 

 

 

ALPS | O'Shares U.S. Small-Cap Quality Dividend ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Common Stocks*  $934,313,306   $–   $–   $934,313,306 
Short Term Investments   37,260,267    –    –    37,260,267 
Total  $971,573,573   $–   $–   $971,573,573 

 

 

ALPS REIT Dividend Dogs ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Common Stocks*  $10,630,274   $–   $–   $10,630,274 
Short Term Investments   968,466    –    –    968,466 
Total  $11,598,740   $–   $–   $11,598,740 

 

 

ALPS Sector Dividend Dogs ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Common Stocks*  $1,378,648,212   $–   $–   $1,378,648,212 
Short Term Investments   40,241,436    –    –    40,241,436 
Total  $1,418,889,648   $–   $–   $1,418,889,648 

   

 

 

ALPS | Smith Core Plus Bond ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Bank Loans*  $–   $23,724,311   $–   $23,724,311 
Collateralized Mortgage Obligations*   –    86,846,488    –    86,846,488 
Commercial Mortgage-Backed Securities*   –    9,525,937    –    9,525,937 
Mortgage-Backed Securities*   –    240,598,628    –    240,598,628 
Corporate Bonds*   –    1,054,347,125    –    1,054,347,125 
Government Bonds*   –    1,015,421,464    –    1,015,421,464 
Preferred Stock*   2,730,722    63,946,011    –    66,676,733 
Short Term Investments   45,153,721    –    –    45,153,721 
Total  $47,884,443   $2,494,409,964   $–   $2,542,294,407 

Barron's 400SM ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Common Stocks*  $205,617,694   $–   $–   $205,617,694 
Limited Partnerships*   4,188,298    –    –    4,188,298 
Short Term Investments   17,561,700    –    –    17,561,700 
Total  $227,367,692   $–   $–   $227,367,692 

 

 

Level Four Large Cap Growth Active ETF
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Common Stocks*  $106,936,668   $–   $–   $106,936,668 
Short Term Investments   8,946,331    –    –    8,946,331 
Total  $115,882,999   $–   $–   $115,882,999 

 

RiverFront Strategic Income Fund
Investments in Securities at Value  Level 1 - Quoted and
Unadjusted Prices		   Level 2 - Other Significant
Observable Inputs		   Level 3 - Significant
Unobservable Inputs		   Total 
Corporate Bonds*  $–   $46,150,669   $–   $46,150,669 
Government Bonds*   –    17,581,279    –    17,581,279 
Short Term Investments   2,503,664    –    –    2,503,664 
Total  $2,503,664   $63,731,948   $–   $66,235,612 

 

*For a detailed sector, state or country breakdown, see the accompanying Schedule of Investments.

 

The Funds, except for the ALPS Emerging Sector Dividend Dogs ETF, did not have any securities that used significant unobservable inputs (Level 3) in determining fair value and there were no transfers into or out of Level 3 during the three months ended February 28, 2026. As of February 28, 2026, the ALPS Emerging Sector Dividend Dogs ETF held securities classified as Level 3 in the fair value hierarchy valued at $1,233, which represents less than 0.005% of the Fund’s net assets.

 

3. Lending of Portfolio Securities

Alerian Energy Infrastructure ETF, ALPS Active Equity Opportunity ETF, ALPS Active REIT ETF, ALPS Clean Energy ETF, ALPS Disruptive Technologies ETF, ALPS Dynamic US Dividend Advantage ETF, ALPS Electrification Infrastructure ETF, ALPS Emerging Sector Dividend Dogs ETF, ALPS Equal Sector Weight ETF, ALPS International Sector Dividend Dogs ETF, ALPS Medical Breakthroughs ETF, ALPS Nautilus SMR, Nuclear & Technology ETF, ALPS | O’Shares International Developed Quality Dividend ETF, ALPS | O’Shares Global Internet Giants ETF, ALPS | O’Shares U.S. Quality Dividend ETF, ALPS | O’Shares U.S. Small-Cap Quality Dividend ETF, ALPS REIT Dividend Dogs ETF, ALPS Sector Dividend Dogs ETF, Barron’s 400SM ETF and Level Four Large Cap Growth Active ETF have entered into a securities lending agreement with State Street Bank & Trust Co. (“SSB”), the Funds’ lending agent. The Funds may lend their portfolio securities only to borrowers that are approved by SSB. Each Fund will limit such lending to not more than 33 1/3% of the value of its total assets. Each Fund’s securities held as SSB as custodian shall be available to be lent except those securities the Fund or ALPS Advisors Inc. specifically identifies in writing as not being available for lending. The borrower pledges and maintains with each Fund collateral consisting of cash (U.S. Dollars only), securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and cash equivalents (including irrevocable bank letters of credit issued by a person other than the borrower or an affiliate of the borrower). The initial collateral received by each Fund is required to have a value of no less than 102% of the market value of the loaned securities for U.S equity securities and a value of no less than 105% of the market value for non-U.S. equity securities. The collateral is maintained thereafter, at a market value equal to not less than 102% of the current value of the U.S. equity securities on loan and not less than 105% of the current value of the non-U.S. equity securities on loan. The market value of the loaned securities is determined at the close of each business day and any additional required collateral is delivered to each Fund on the next business day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the customary time period for settlement of securities transactions.

   

 

Any cash collateral received is reinvested in a money market fund managed by SSB as disclosed in each Fund’s Schedule of Investments. Non-cash collateral, in the form of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, is not disclosed in a Fund’s Schedule of Investments as it is held by the lending agent on behalf of each Fund, and each Fund does not have the ability to re-hypothecate these securities.

 

The following is a summary of each Fund’s securities lending agreements and related cash and non-cash collateral received as of February 28, 2026:

 

 

Fund  Market Value of
Securities on Loan		   Cash Collateral
Received		   Non-Cash Collateral
 Received		   Total Collateral
Received		 
Alerian Energy Infrastructure ETF  $8,052,993   $6,936,118   $1,390,272   $8,236,390 
ALPS Active Equity Opportunity ETF   732,583    574,622    161,808    736,430 
ALPS Active REIT ETF   1,329,269    -    1,416,760    1,416,760 
ALPS Clean Energy ETF   30,796,260    22,025,078    11,143,579    33,168,657 
ALPS Disruptive Technologies ETF   11,272,449    5,254,943    6,802,164    12,057,107 
ALPS Dynamic US Dividend Advantage ETF   7,880,215    4,675,971    3,413,492    8,089,463 
ALPS Electrification Infrastructure ETF   15,373,779    12,650,753    3,256,048    15,906,801 
ALPS Emerging Sector Dividend Dogs ETF   5,104,401    3,743,293    1,655,433    5,398,726 
ALPS Equal Sector Weight ETF   93,707,476    93,630,899    994,795    94,625,694 
ALPS International Sector Dividend Dogs ETF   72,055,618    49,776,503    26,218,618    75,995,121 
ALPS Medical Breakthroughs ETF   37,769,543    17,227,119    22,390,255    39,617,374 
ALPS | O'Shares International Developed Quality Dividend ETF   3,203,954    3,339,165    -    3,339,165 
ALPS | O'Shares Global Internet Giants ETF   3,063,614    3,343,657    14,634    3,358,291 
ALPS | O’Shares U.S. Small-Cap Quality Dividend ETF   35,730,677    36,782,696    -    36,782,696 
ALPS REIT Dividend Dogs ETF   1,045,003    929,631    152,923    1,082,554 
ALPS Sector Dividend Dogs ETF   43,780.602    38,195,434    6,023,091    44,218,525 
Barron's 400SM ETF   26,255,513    17,148,134    10,116,834    27,264,968 
Level Four Large Cap Growth Active ETF   879,864    955,315    -    955,315 

  

The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, each Fund benefits from a borrower default indemnity provided by SSB. SSB’s indemnity allows for full replacement of securities lent wherein SSB will purchase the unreturned loaned securities on the open market by applying the proceeds of the collateral, or to the extent such proceeds are insufficient or the collateral is unavailable, SSB will purchase the unreturned loan securities at SSB’s expense. However, the Funds could suffer a loss if the value of the investments purchased with cash collateral falls below the value of the cash collateral received.

 

4. Return of Capital Estimates

 

The Alerian MLP ETF (the “Alerian Fund”) expects a portion of the distributions it receives from Master Limited Partnerships (“MLPs”) to be treated as a tax-deferred return of capital, thus reducing the Alerian Fund’s current tax liability. Return of capital distributions are not taxable income to the shareholder, but reduce the investor’s tax basis in the investor’s Fund Shares. Such a reduction in tax basis will result in larger taxable gains and/or lower tax losses on a subsequent sale of Fund Shares. Shareholders who periodically receive the payment of dividends or other distributions consisting of a return of capital may be under the impression that they are receiving net profits from the Alerian Fund when, in fact, they are not. Shareholders should not assume that the source of the distributions is from the net profits of the Alerian Fund.

 

5. Master Limited Partnerships

 

MLPs are publicly traded partnerships engaged in, among other things, the transportation, storage and processing of minerals and natural resources and are treated as partnerships for U.S. federal income tax purposes. By confining their operations to these specific activities, their interests, or units, are able to trade on public securities exchanges exactly like the shares of a corporation, without entity level taxation. To qualify as a MLP and to not be taxed as a corporation, a partnership must receive at least 90% of its income from qualifying sources as set forth in Section 7704(d) of the Internal Revenue Code of 1986, as amended (the “Code”). These qualifying sources include, among other things, natural resource-based activities such as the processing, transportation and storage of mineral or natural resources. MLPs generally have two classes of owners; the general partner and limited partners. The general partner of an MLP is typically owned by a major energy company, an investment fund, the direct management of the MLP, or is an entity owned by one or more of such parties. The general partner may be structured as a private or publicly traded corporation or other entity. The general partner typically controls the operations and management of the MLP through an up to 2% equity interest in the MLP plus, in many cases, ownership of common units and subordinated units. Limited partners typically own the remainder of the partnership, through ownership of common units, and have a limited role in the partnership’s operations and management.

   

 

MLPs are typically structured such that common units and general partner interests have first priority to receive quarterly cash distributions up to an established minimum amount (“minimum quarterly distributions” or “MQD”). Common and general partner interests also accrue arrearages in distributions to the extent the MQD is not paid. Once common and general partner interests have been paid, subordinated units receive distributions of up to the MQD; however, subordinated units do not accrue arrearages. Distributable cash in excess of the MQD is paid to both common and subordinated units and is distributed to both common and subordinated units generally on a pro rata basis. The general partner is also eligible to receive incentive distributions if the general partner operates the business in a manner which results in distributions paid per common unit surpassing specified target levels. As the general partner increases cash distributions to the limited partners, the general partner receives an increasingly higher percentage of the incremental cash distributions.

 

6. Affiliated Companies

 

As defined by the Investment Company Act of 1940, an affiliated person, including an affiliated company, is one in which a Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund.

 

For the three months ended February 28, 2026, the Alerian MLP ETF held shares in the following affiliates, as defined by the Investment Company Act of 1940:

 

Security Name  Share Balance
as of February
28, 2026		   Market Value as
of November 30,
2025		   Purchases   Purchases
In-Kind		   Sales   Market Value as
of February 28,
2026		   Dividends*   Return of Capital
Distributions		   Change in
Unrealized
Appreciation /
(Depreciation)		   Realized
Gain/(Loss)		 
Delek Logistics Partners LP   4,517,622   $200,212,251   $3,634,425   $8,358,805   $(4,719,858)  $234,600,110   $-   $(5,034,572)  $32,198,306   $(49,247)
Genesis Energy LP   25,067,267    378,170,107    6,707,182    15,740,112    (8,928,730)   452,714,842    -    (4,472,037)   65,829,821    (331,612)
Global Partners LP   6,081,241    256,165,908    7,007,673    10,387,745    (5,744,128)   285,696,702    -    (4,587,459)   23,410,236    (943,273)
Hess Midstream LP, Class A   30,270,258    991,444,357    14,390,301    40,034,255    (24,925,971)   1,170,853,579    -    (22,942,456)   177,094,161    (4,241,068)
Plains All American Pipeline LP   76,971,691    1,346,945,298    -    55,049,327    (59,412,116)   1,609,478,059    -    (31,891,602)   298,339,777    447,375 
Suburban Propane Partners LP   15,255,485    285,117,141    8,057,976    11,143,204    (6,283,604)   309,686,346    -    (4,907,311)   16,847,909    (288,970)
Sunoco LP   25,182,585    1,378,002,744    16,876,909    53,835,174    (32,299,635)   1,606,397,097    -    (23,297,779)   214,091,987    (812,303)
USA Compression Partners LP   17,989,096    439,516,246    7,135,634    17,059,163    (9,838,029)   491,462,103    -    (9,298,773)   47,412,006    (524,144)
Western Midstream Partners LP   35,092,771    1,375,665,822    -    53,912,604    (47,748,699)   1,459,508,346    -    (31,658,003)   109,336,723    (101)
                            $7,620,397,184   $-   $(138,089,992)  $984,560,926   $(6,743,343)

 

*100% of the income received was estimated as Return of Capital.