ETFMG Sit Ultra Short ETF
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Schedule of Investments
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June 30, 2023 (Unaudited)
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Principal Amount
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Fair Value
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CORPORATE BONDS - 87.8%
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Canada - 12.6%
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Banks - 8.1 %
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Bank of Montreal
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5.592%, (SOFRINDX + 0.710%), 03/08/2024 (b)
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1,565,000
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$
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1,565,821 |
Bank of Nova Scotia
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5.090%, (SOFRINDX + 0.445%), 04/15/2024 (b)
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2,000,000
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1,997,222
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Royal Bank of Canada
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5.866%, (SOFRINDX + 0.840%), 04/14/2025 (b)
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1,952,000
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1,953,795
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Toronto-Dominion Bank
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5.792%, (SOFR + 0.910%), 03/08/2024 (b)
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1,625,000
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1,628,952
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7,145,790
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Oil, Gas & Consumable Fuels - 4.5%
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Enbridge, Inc.
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5.090%, (SOFRINDX + 0.630%), 02/16/2024 (b)
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2,535,000
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2,533,366
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TransCanada PipeLines Ltd.
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6.203%, 03/09/2026
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1,500,000
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1,501,257
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4,034,623
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Ireland - 2.3%
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Capital Goods - 2.3%
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AerCap Ireland Capital DAC / AerCap Global Aviation Trust
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6.500%, 07/15/2025
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2,000,000
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2,010,909
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United States - 72.9%
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Automotive - 4.2%
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General Motors Financial Co., Inc.
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5.958%, (SOFR + 0.760%), 03/08/2024 (b)
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2,244,000
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2,239,085
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Toyota Motor Credit Corp.
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5.448%, (SOFR + 0.380%), 02/22/2024 (b)
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1,500,000
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1,499,289
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3,738,374
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Banks - 32.1%
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Bank of America Corp.
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5.090%, (SOFR + 0.690%), 04/22/2025 (b)
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552,000
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551,526
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6.146%, (SOFR + 1.100%), 04/25/2025 (b)
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2,000,000
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2,006,679
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Citigroup, Inc.
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5.090%, (SOFR + 1.372%), 05/24/2025 (b)
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2,600,000
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2,611,678
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Citizens Bank
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6.064%, (SOFR + 1.450%), 10/24/2025 (b)
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2,000,000
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1,896,089
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Comerica Bank
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2.500%, 07/23/2024
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1,500,000
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1,411,275
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Comerica, Inc.
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3.700%, 07/31/2023
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400,000
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398,826
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Fifth Third Bank
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5.852%, (SOFR + 1.230%), 10/27/2025 (b)
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1,431,000
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1,394,456
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3.850%, 03/15/2026
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1,300,000
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1,200,095
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First-Citizens Bank & Trust Co.
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2.969%, (TSFR3M + 1.715%), 09/27/2025 (b)
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2,600,000
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2,459,917
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Huntington National Bank
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4.008%, (SOFR + 1.205%), 05/16/2025 (b)
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850,000
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818,049
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KeyBank
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4.150%, 08/08/2025
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1,500,000
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1,385,308
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4.700%, 01/26/2026
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1,000,000
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931,373
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M&T Bank Corp.
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5.948%, (3 Month LIBOR USD + 0.680%), 07/26/2023 (b)
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2,500,000
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2,499,076
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Old National Bancorp
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4.125%, 08/15/2024
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1,500,000
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1,455,256
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PNC Financial Services Group, Inc.
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3.900%, 04/29/2024
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2,500,000
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2,455,169
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Regions Financial Corp.
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2.250%, 05/18/2025
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2,071,000
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1,916,314
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Truist Bank
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3.300%, 05/15/2026
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1,000,000
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917,209
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US Bancorp
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3.100%, 04/27/2026
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2,250,000
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2,101,793
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28,410,088
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Capital Goods - 0.8%
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Air Lease Corp.
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4.250%, 09/15/2024
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685,000
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668,863
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Chemical Manufacturing - 2.7%
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Celanese US Holdings LLC
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5.900%, 07/05/2024
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2,400,000
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2,395,532
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Diversified Financial Services - 1.7%
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Morgan Stanley
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5.090%, (SOFR + 0.455%), 01/25/2024 (b)
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1,500,000
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1,498,709
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Insurance - 11.6%
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Cigna Group
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6.150%, (3 Month LIBOR USD + 0.890%), 07/15/2023 (b)
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898,000
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897,840
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Fairfax US, Inc.
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4.875%, 08/13/2024 (a)
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750,000
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735,397
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Jackson National Life Global Funding
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2.650%, 06/21/2024 (a)
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1,500,000
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1,452,509
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Lincoln National Corp.
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3.350%, 03/09/2025
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2,501,000
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2,390,311
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Nationwide Mutual Insurance Co.
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7.842%, (3 Month LIBOR USD + 2.290%), 12/15/2024 (a)(b)(c)
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2,000,000
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1,998,425
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New York Life Global Funding
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5.512%, (SOFRINDX + 0.430%), 06/06/2024 (a)(b)
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1,620,000
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1,619,242
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Pacific Life Insurance Co.
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7.900%, 12/30/2023 (a)
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1,200,000
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1,207,711
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10,301,435
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Health Care Equipment & Supplies - 3.9%
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GE HealthCare Technologies, Inc.
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5.550%, 11/15/2024
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1,500,000
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1,493,063
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Thermo Fisher Scientific, Inc.
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5.423%, (SOFRINDX + 0.390%), 10/18/2023 (b)
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1,965,000
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1,965,031
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3,458,094
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Multi-Utilities - 5.1%
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CenterPoint Energy, Inc.
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5.776%, (SOFRINDX + 0.650%), 05/13/2024
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2,669,000
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2,666,580
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NextEra Energy Capital Holdings, Inc.
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5.468%, (SOFRINDX + 1.020%), 03/21/2024 (b)
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1,503,000
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1,503,645
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Public Service Co of New Hampshire
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3.500%, 11/01/2023
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330,000
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327,495
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4,497,720
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Oil, Gas & Consumable Fuels - 4.5%
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Kinder Morgan, Inc.
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5.625%, 11/15/2023 (a)
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2,000,000
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1,998,990
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Williams Cos., Inc.
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4.300%, 03/04/2024
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2,000,000
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1,977,762
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3,976,752
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Retailing - 0.4%
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Genuine Parts Co.
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1.750%, 02/01/2025
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354,000
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331,711
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Technology Hardware, Storage & Peripherals - 2.8%
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Arrow Electronics, Inc.
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6.125%, 03/01/2026
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2,000,000
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1,993,352
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Hewlett Packard Enterprise Co.
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5.900%, 10/01/2024
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500,000
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500,270
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2,493,622
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Wireless Telecommunication Services - 3.1%
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Sprint LLC
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7.625%, 03/01/2026
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500,000
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519,843
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Verizon Communications, Inc.
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5.582%, (SOFR + 0.500%), 03/22/2024 (b)
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2,271,000
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2,271,409
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2,791,252
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TOTAL CORPORATE BONDS (Cost $77,602,016)
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77,753,474
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MUNICIPAL BONDS - 4.7%
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Dallas Independent School District
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6.000%, 02/15/2026
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500,000
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504,491
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District of Columbia Water & Sewer Authority
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4.568%, 10/01/2023
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1,000,000
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995,589
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Iowa Student Loan Liquidity Corp.
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3.586%, 12/01/2023
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1,000,000
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988,843
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Minnesota Housing Finance Agency
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2.498%, 07/01/2023
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245,000
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245,000
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San Bernardino City Unified School District
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8.253%, 02/01/2026
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1,400,000
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1,449,103
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TOTAL MUNICIPAL BONDS (Cost $4,212,511)
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4,183,026
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US GOVERNMENT AGENCY ISSUE - 2.3%
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UNITED STATES - 2.3%
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Federal Home Loan Banks
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5.625%, 06/15/2026
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2,000,000
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1,998,002
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TOTAL US GOVERNMENT AGENCY ISSUE (Cost $2,000,000)
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1,998,002
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SHORT-TERM INVESTMENTS - 4.3%
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Money Market Funds - 4.3%
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First American Government Obligations Fund - Class X, 5.01% (d)
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3,763,075
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3,763,075
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TOTAL SHORT-TERM INVESTMENTS (Cost $3,763,075)
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3,763,075
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Total Investments (Cost $87,577,602) - 99.0%
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87,697,577
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Other Assets in Excess of Liabilities - 1.0%
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880,823
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TOTAL NET ASSETS - 100.0%
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$
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88,578,400 |
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Percentages are stated as a percent of net assets.
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(a)
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Restriced security as defined in Rule 144(a) under the Securities Act of 1933. Resale to the public may require
registration or may extend only to qualified institutional buyers. At June 30, 2023, the market value of these securities total $9,012,274, which represents 10.17% of total net assets.
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(b)
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Variable rate security based on a reference index and spread. The rate reported is the rate in effect as of June 30, 2023.
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(c)
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Variable rate security. The coupon is based on an underlying pool of assets. The rate reported is the rate in effect as of
June 30, 2023.
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(d)
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The rate shown is the seven-day yield at period end.
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The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard &
Poor’s Financial Services LLC (“S&P”). GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services (“Fund Services”).
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The accompanying notes are an integral part of these financial statements.
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