BlueStar Israel Technology ETF
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Schedule of Investments
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June 30, 2023 (Unaudited)
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Shares
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Value
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COMMON STOCKS - 99.6%
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Cayman Islands - 0.9%
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Software - 0.9% (d)
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Sapiens International Corp. NV
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35,343
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$
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940,124 |
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Gibraltar - 0.7%
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Hotels, Restaurants & Leisure - 0.7%
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888 Holdings PLC (a)
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538,337
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670,016
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Guernsey - 7.8%
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IT Services - 7.8%
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Amdocs, Ltd.
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78,977
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7,806,877
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Israel - 66.2%
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Aerospace & Defense - 4.7%
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Elbit Systems, Ltd. (b)
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22,440
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4,689,062
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Communications Equipment - 1.7%
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Gilat Satellite Networks, Ltd. (a)
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86,476
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538,745
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Radware, Ltd. (a)
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39,042
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757,025
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Silicom, Ltd. (a)
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11,315
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417,071
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Total Communications Equipment
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1,712,841
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Diversified Financial Services - 1.5%
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Plus500, Ltd.
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80,209
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1,492,332
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Electronic Equipment, Instruments & Components - 0.5%
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Innoviz Technologies, Ltd. (a)(b)
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180,512
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512,654
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Health Care Equipment & Supplies - 4.4%
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Alpha Tau Medical, Ltd. (a)
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35,577
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155,471
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Inmode, Ltd. (a)(b)
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77,444
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2,892,533
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Nano-X Imaging, Ltd. (a)
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61,170
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947,523
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Sisram Medical, Ltd. (e)
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338,222
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403,139
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Total Health Care Equipment & Supplies
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4,398,666
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Household Durables - 0.8%
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Maytronics, Ltd.
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55,060
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752,262
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Independent Power and Renewable Electricity Producers - 2.4%
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Energix-Renewable Energies, Ltd.
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260,730
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844,128
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Enlight Renewable Energy, Ltd. (a)
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90,254
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1,586,408
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Total Independent Power and Renewable Electricity Producers
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2,430,536
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Interactive Media & Services - 0.8%
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Taboola.com, Ltd. (a)(b)
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266,958
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830,239
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IT Services - 5.2%
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Formula Systems 1985, Ltd.
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8,524
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627,600
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Matrix IT, Ltd.
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33,827
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689,317
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One Software Technologies, Ltd.
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40,097
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539,819
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Wix.com, Ltd. (a)
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41,716
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3,263,860
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Total IT Services
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5,120,596
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Machinery - 1.2%
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Kornit Digital, Ltd. (a)
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39,997
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1,174,712
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Media - 2.0%
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Perion Network, Ltd. (a)
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49,672
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1,523,441
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Tremor International, Ltd. (a)
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135,947
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488,953
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Total Media
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2,012,394
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Professional Services - 1.0%
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Fiverr International, Ltd. (a)
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36,289
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943,877
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Semiconductors & Semiconductor Equipment - 7.2%
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Camtek, Ltd. (a)(b)
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30,129
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1,073,496
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Nova, Ltd. (a)(b)
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18,327
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2,149,757
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Tower Semiconductor, Ltd. (a)
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104,576
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3,923,692
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Total Semiconductors & Semiconductor Equipment
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7,146,945
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Software - 30.7% (d)
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Cellebrite DI, Ltd. (a)(b)
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70,415
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506,988
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Check Point Software Technologies, Ltd. (a)
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59,594
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7,486,198
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Cognyte Software, Ltd. (a)
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93,301
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568,203
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CyberArk Software, Ltd. (a)
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38,501
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6,018,861
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Hilan, Ltd.
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13,963
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689,768
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JFrog, Ltd. (a)
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76,964
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2,131,903
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Magic Software Enterprises, Ltd.
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28,861
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377,728
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Monday.com, Ltd. (a)(b)
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23,883
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4,089,247
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Nice, Ltd. - ADR (a)(b)
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34,608
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7,146,552
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Pagaya Technologies, Ltd. - Class A (a)(b)
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355,238
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497,333
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Riskified, Ltd. (a)
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112,751
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547,970
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WalkMe, Ltd. (a)
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49,645
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476,592
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Total Software
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30,537,343
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Technology Hardware, Storage & Peripherals - 2.1%
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Nano Dimension, Ltd. - ADR (a)(b)
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317,298
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916,991
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Stratasys, Ltd. (a)
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65,891
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1,170,224
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Total Technology Hardware, Storage & Peripherals
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2,087,215
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Total Israel
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65,841,674
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Jersey - 1.9%
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Health Care Equipment & Supplies - 1.9%
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Novocure, Ltd. (a)
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44,961
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1,865,882
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Luxembourg - 0.6%
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Hotels, Restaurants & Leisure - 0.6%
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NEOGAMES SA (a)
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22,335
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583,390
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United States - 21.5%
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Aerospace & Defense - 1.1%
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Leonardo DRS, Inc. (a)
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61,937
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1,073,988
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Auto Components - 1.9%
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Mobileye Global, Inc. - Class A (a)(b)
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52,489
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2,016,627
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Biotechnology - 0.4%
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Lineage Cell Therapeutics, Inc. (a)(b)
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307,593
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433,706
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Pluri, Inc. (a)
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1
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1
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Total Biotechnology
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433,707
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Electronic Equipment, Instruments & Components - 0.6%
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Vishay Precision Group, Inc. (a)
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15,459
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574,302
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Entertainment - 1.0%
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Playtika Holding Corp. (a)
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86,117
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998,957
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Independent Power & Renewable Energy - 3.0%
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Ormat Technologies, Inc.
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37,016
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2,979,057
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Insurance - 1.2%
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Lemonade, Inc. (a)(b)
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68,951
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1,161,824
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IT Services - 1.0%
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Payoneer Global, Inc. (a)
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206,258
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992,101
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Pharmaceuticals - 0.4%
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Oramed Pharmaceuticals, Inc. (a)(b)
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98,571
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352,884
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Semiconductors & Semiconductor Equipment - 7.5%
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CEVA, Inc. (a)
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24,630
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629,297
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SolarEdge Technologies, Inc. (a)(b)
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25,456
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6,848,936
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Total Semiconductors & Semiconductor Equipment
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7,478,233
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Software - 3.4% (d)
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LivePerson, Inc. (a)
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115,898
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523,859
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SentinelOne, Inc. - Class A (a)(b)
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188,224
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2,842,182
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Total Software
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3,366,041
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Total United States
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21,427,721
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TOTAL COMMON STOCKS (Cost $123,678,479)
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99,135,684
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INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 32.9%
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Mount Vernon Liquid Assets Portfolio, LLC, 5.22% (c)
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32,741,452
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32,741,452
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TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL (Cost $32,741,452)
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32,741,452
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SHORT-TERM INVESTMENTS - 0.3%
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Money Market Funds - 0.3%
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First American Government Obligations Fund - Class X, 5.01% (c)
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305,896
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305,896
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TOTAL SHORT-TERM INVESTMENTS (Cost $305,896)
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305,896
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Total Investments (Cost $156,725,827) - 132.8%
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132,183,032
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Liabilities in Excess of Other Assets - (32.8)%
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(32,675,465)
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TOTAL NET ASSETS - 100.0%
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$
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99,507,567 |
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Percentages are stated as a percent of net assets.
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ADR
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American Depositary Receipt
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PLC
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Public Limited Company
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(a)
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Non-income producing security.
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(b)
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All or a portion of this security was out on loan at June 30, 2023.
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(c)
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The rate shown is the annualized seven-day yield at period end.
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(d)
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As of June 30, 2023 the Fund had a significant portion of its assets in the Software Industry.
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(e)
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Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. This security may be
resold in transactions exempt from registration to qualified institutional investors. At June 30, 2023, the market value of these securities total $403,139, which represents 0.4% of total net assets.
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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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