# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0000910472-25-001621
**Filing Date:** 2025-9
**Character Count:** 127958
**Document Hash:** 64d5b1272e938c19b23bc5c2b2b903cf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-001621.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0000910472-25-001621

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ultimus Managers Trust
- **CENTRAL INDEX KEY:** 0001545440

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** OH

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22680
- **FILM NUMBER:** 251349656

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-587-3400

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### Westwood LBRTY Global Equity ETF (Series ID: S000091091)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000258486 | Westwood LBRTY Global Equity ETF | BFRE            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** | **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** | **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** |
| **MASTER LIMITED PARTNERSHIPS - 24.1% <sup>(a)</sup>** | **Shares** | **Value** |
| **Crude & Refined Products - 6.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delek Logistics Partners, L.P. <sup>(b)</sup> | &nbsp;&nbsp;15427 | &nbsp;&nbsp;$711339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genesis Energy, L.P. <sup>(b)</sup> | &nbsp;&nbsp;45264 | &nbsp;&nbsp;785783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MPLX, L.P. <sup>(b)</sup> | &nbsp;&nbsp;116922 | &nbsp;&nbsp;6138405 |
|  |  | &nbsp;&nbsp;7635527 |
| **Gathering & Processing - 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Midstream Partners, L.P. <sup>(b)</sup> | &nbsp;&nbsp;86739 | &nbsp;&nbsp;3532879 |
| **Natural Gas Liquids Infrastructure - 15.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy Transfer, L.P. <sup>(b)</sup> | &nbsp;&nbsp;623552 | &nbsp;&nbsp;11248879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enterprise Products Partners, L.P. <sup>(b)</sup> | &nbsp;&nbsp;257157 | &nbsp;&nbsp;7969295 |
|  |  | &nbsp;&nbsp;19218174 |
| **Total Master Limited Partnerships** (Cost $28,381,041) | **Total Master Limited Partnerships** (Cost $28,381,041) | &nbsp;&nbsp;$30386580 |
| **MLP RELATED COMPANIES - 76.6%** | **Shares** | **Value** |
| **Crude & Refined Products - 17.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enbridge, Inc. <sup>(b)</sup> | &nbsp;&nbsp;225449 | &nbsp;&nbsp;$10210585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plains GP Holdings, L.P. - Class A <sup>(b)</sup> | &nbsp;&nbsp;295265 | &nbsp;&nbsp;5787194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;South Bow Corporation <sup>(b)</sup> | &nbsp;&nbsp;220199 | &nbsp;&nbsp;5782426 |
|  |  | &nbsp;&nbsp;21780205 |
| **Gathering & Processing - 22.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Antero Midstream Corporation <sup>(b)</sup> | &nbsp;&nbsp;322667 | &nbsp;&nbsp;5920939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DT Midstream, Inc. <sup>(b)</sup> | &nbsp;&nbsp;57301 | &nbsp;&nbsp;5886532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hess Midstream, L.P. - Class A <sup>(b)</sup> | &nbsp;&nbsp;159579 | &nbsp;&nbsp;6946473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinetik Holdings, Inc. <sup>(b)</sup> | &nbsp;&nbsp;89544 | &nbsp;&nbsp;3884419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Targa Resources Corporation <sup>(b)</sup> | &nbsp;&nbsp;36119 | &nbsp;&nbsp;6010563 |
|  |  | &nbsp;&nbsp;28648926 |
| **Liquefied Natural Gas - 5.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cheniere Energy, Inc. <sup>(b)</sup> | &nbsp;&nbsp;25597 | &nbsp;&nbsp;6037821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NextDecade Corporation <sup>(b)(c)</sup> | &nbsp;&nbsp;92993 | &nbsp;&nbsp;1056400 |
|  |  | &nbsp;&nbsp;7094221 |
| **Natural Gas Liquids Infrastructure - 10.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ONEOK, Inc. <sup>(b)</sup> | &nbsp;&nbsp;86468 | &nbsp;&nbsp;7099888 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** | **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** | **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MLP RELATED COMPANIES - 76.6% (Continued)** | **Shares** | **Value** |
| **Natural Gas Liquids Infrastructure - 10.3% (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pembina Pipeline Corporation <sup>(b)</sup> | &nbsp;&nbsp;156827 | &nbsp;&nbsp;$5832396 |
|  |  | &nbsp;&nbsp;12932284 |
| **Natural Gas Pipelines - 20.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan, Inc. <sup>(b)</sup> | &nbsp;&nbsp;335816 | &nbsp;&nbsp;9422997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TC Energy Corporation <sup>(b)</sup> | &nbsp;&nbsp;127985 | &nbsp;&nbsp;6127922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Williams Companies, Inc. (The) <sup>(b)</sup> | &nbsp;&nbsp;164133 | &nbsp;&nbsp;9839773 |
|  |  | &nbsp;&nbsp;25390692 |
| **Water - 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aris Water Solutions, Inc. - Class A <sup>(b)</sup> | &nbsp;&nbsp;31202 | &nbsp;&nbsp;663667 |
| **Total MLP Related Companies** (Cost $87,057,935) | **Total MLP Related Companies** (Cost $87,057,935) | &nbsp;&nbsp;$96509995 |
| **Investments at Value - 100.7%** (Cost $115,438,976) | **Investments at Value - 100.7%** (Cost $115,438,976) | &nbsp;&nbsp;$126896575 |
| **Liabilities in Excess of Other Assets - (0.7%)** | **Liabilities in Excess of Other Assets - (0.7%)** | &nbsp;&nbsp; (896310) |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$126000265 |

---

<sup>(a)</sup> The security is considered a non-income producing security as any distributions received during the last 12 months (if applicable) are treated as return of capital per Generally Accepted Accounting Principles.

<sup>(b)</sup> All or a portion of the security covers a written call option. The total value of these securities as of July 31, 2025 was $114,335,356.

<sup>(c)</sup> Non-income producing security.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** | **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** | **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** | **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** | **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** |
| **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS** | **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS** | **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS** | **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS** | **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS** |
| **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** |  |  |
| **WRITTEN OPTION CONTRACTS** | **Strike Price** | **Contracts** | **Notional Value** | **Value of Options** |
| **Call Option Contracts** | **Call Option Contracts** | **Call Option Contracts** | **Call Option Contracts** | **Call Option Contracts** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Antero Midstream Corporation, 08/15/25 | &nbsp;&nbsp;$19 .00 | 2475 | $4541625 | &nbsp;&nbsp;&nbsp;&nbsp;$37125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Antero Midstream Corporation, 08/15/25 | &nbsp;&nbsp;20 .00 | 68 | 124780 | &nbsp;&nbsp;&nbsp;&nbsp;170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Antero Midstream Corporation, 09/19/25 | &nbsp;&nbsp;19 .00 | 522 | 957870 | &nbsp;&nbsp;&nbsp;&nbsp;20880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aris Water Solutions, Inc. - Class A, 08/15/25 | &nbsp;&nbsp;25 .00 | 16 | 34032 | &nbsp;&nbsp;&nbsp;&nbsp;560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aris Water Solutions, Inc. - Class A, 08/15/25 | &nbsp;&nbsp;30 .00 | 226 | 480702 | &nbsp;&nbsp;&nbsp;&nbsp;4520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aris Water Solutions, Inc. - Class A, 09/19/25 | &nbsp;&nbsp;25 .00 | 54 | 114858 | &nbsp;&nbsp;&nbsp;&nbsp;3510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cheniere Energy, Inc., 08/15/25 | &nbsp;&nbsp;250 .00 | 1 | 23588 | &nbsp;&nbsp;&nbsp;&nbsp;167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cheniere Energy, Inc., 08/15/25 | &nbsp;&nbsp;260 .00 | 207 | 4882716 | &nbsp;&nbsp;&nbsp;&nbsp;10350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cheniere Energy, Inc., 09/19/25 | &nbsp;&nbsp;250 .00 | 33 | 778404 | &nbsp;&nbsp;&nbsp;&nbsp;17160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cheniere Energy, Inc., 09/19/25 | &nbsp;&nbsp;260 .00 | 2 | 47176 | &nbsp;&nbsp;&nbsp;&nbsp;540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delek Logistics Partners, L.P., 08/15/25 | &nbsp;&nbsp;45 .00 | 113 | 521043 | &nbsp;&nbsp;&nbsp;&nbsp;19210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delek Logistics Partners, L.P., 08/15/25 | &nbsp;&nbsp;50 .00 | 1 | 4611 | &nbsp;&nbsp;&nbsp;&nbsp;10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delek Logistics Partners, L.P., 09/19/25 | &nbsp;&nbsp;50 .00 | 32 | 147552 | &nbsp;&nbsp;&nbsp;&nbsp;320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DT Midstream, Inc., 08/15/25 | &nbsp;&nbsp;110 .00 | 344 | 3533912 | &nbsp;&nbsp;&nbsp;&nbsp;43000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DT Midstream, Inc., 08/15/25 | &nbsp;&nbsp;115 .00 | 83 | 852659 | &nbsp;&nbsp;&nbsp;&nbsp;2075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DT Midstream, Inc., 09/19/25 | &nbsp;&nbsp;110 .00 | 117 | 1201941 | &nbsp;&nbsp;&nbsp;&nbsp;11700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enbridge, Inc., 08/15/25 | &nbsp;&nbsp;47 .50 | 1802 | 8161258 | &nbsp;&nbsp;&nbsp;&nbsp;12614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enbridge, Inc., 09/19/25 | &nbsp;&nbsp;47 .50 | 339 | 1535331 | &nbsp;&nbsp;&nbsp;&nbsp;8475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy Transfer, L.P., 08/15/25 | &nbsp;&nbsp;18 .00 | 316 | 570064 | &nbsp;&nbsp;&nbsp;&nbsp;9164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy Transfer, L.P., 08/15/25 | &nbsp;&nbsp;19 .00 | 4452 | 8031408 | &nbsp;&nbsp;&nbsp;&nbsp;17808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy Transfer, L.P., 09/19/25 | &nbsp;&nbsp;18 .00 | 1061 | 1914044 | &nbsp;&nbsp;&nbsp;&nbsp;48806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy Transfer, L.P., 09/19/25 | &nbsp;&nbsp;19 .00 | 63 | 113652 | &nbsp;&nbsp;&nbsp;&nbsp;819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enterprise Products Partners, L.P., 08/15/25 | &nbsp;&nbsp;33 .00 | 1922 | 5956278 | &nbsp;&nbsp;&nbsp;&nbsp;3844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enterprise Products Partners, L.P., 09/19/25 | &nbsp;&nbsp;33 .00 | 520 | 1611480 | &nbsp;&nbsp;&nbsp;&nbsp;7280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genesis Energy, L.P., 08/15/25 | &nbsp;&nbsp;17 .50 | 28 | 48608 | &nbsp;&nbsp;&nbsp;&nbsp;1316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genesis Energy, L.P., 08/15/25 | &nbsp;&nbsp;20 .00 | 12 | 20832 | &nbsp;&nbsp;&nbsp;&nbsp;30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genesis Energy, L.P., 09/19/25 | &nbsp;&nbsp;17 .50 | 14 | 24304 | &nbsp;&nbsp;&nbsp;&nbsp;1162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genesis Energy, L.P., 09/19/25 | &nbsp;&nbsp;20 .00 | 376 | 652736 | &nbsp;&nbsp;&nbsp;&nbsp;4888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hess Midstream, L.P. - Class A, 08/15/25 | &nbsp;&nbsp;41 .00 | 1126 | 4901478 | &nbsp;&nbsp;&nbsp;&nbsp;275870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hess Midstream, L.P. - Class A, 09/19/25 | &nbsp;&nbsp;41 .00 | 49 | 213297 | &nbsp;&nbsp;&nbsp;&nbsp;14210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hess Midstream, L.P. - Class A, 09/19/25 | &nbsp;&nbsp;43 .00 | 332 | 1445196 | &nbsp;&nbsp;&nbsp;&nbsp;58100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hess Midstream, L.P. - Class A, 09/19/25 | &nbsp;&nbsp;46 .00 | 9 | 39177 | &nbsp;&nbsp;&nbsp;&nbsp;225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan, Inc., 08/15/25 | &nbsp;&nbsp;29 .00 | 17 | 47702 | &nbsp;&nbsp;&nbsp;&nbsp;323 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** | **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** | **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** | **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** | **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** |
| **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS (Continued)** | **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS (Continued)** | **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS (Continued)** | **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS (Continued)** | **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS (Continued)** |
| **WRITTEN OPTION CONTRACTS (Continued)** | **Strike Price** | **Contracts** | **Notional Value** | **Value of Options** |
| **Call Option Contracts (Continued)** | **Call Option Contracts (Continued)** | **Call Option Contracts (Continued)** | **Call Option Contracts (Continued)** | **Call Option Contracts (Continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan, Inc., 08/15/25 | &nbsp;&nbsp;$30 .00 | 2600 | $7295600 | &nbsp;&nbsp;&nbsp;&nbsp;$13000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan, Inc., 09/19/25 | &nbsp;&nbsp;29 .00 | 250 | 701500 | &nbsp;&nbsp;&nbsp;&nbsp;14750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan, Inc., 09/19/25 | &nbsp;&nbsp;30 .00 | 323 | 906338 | &nbsp;&nbsp;&nbsp;&nbsp;9044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinetik Holdings, Inc., 08/15/25 | &nbsp;&nbsp;50 .00 | 702 | 3045276 | &nbsp;&nbsp;&nbsp;&nbsp;14040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinetik Holdings, Inc., 09/19/25 | &nbsp;&nbsp;45 .00 | 8 | 34704 | &nbsp;&nbsp;&nbsp;&nbsp;1176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinetik Holdings, Inc., 09/19/25 | &nbsp;&nbsp;50 .00 | 140 | 607320 | &nbsp;&nbsp;&nbsp;&nbsp;2800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MPLX, L.P., 08/15/25 | &nbsp;&nbsp;55 .00 | 850 | 4462500 | &nbsp;&nbsp;&nbsp;&nbsp;5950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MPLX, L.P., 09/19/25 | &nbsp;&nbsp;55 .00 | 254 | 1333500 | &nbsp;&nbsp;&nbsp;&nbsp;7366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NextDecade Corporation, 08/15/25 | &nbsp;&nbsp;10 .00 | 181 | 205616 | &nbsp;&nbsp;&nbsp;&nbsp;26426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NextDecade Corporation, 08/15/25 | &nbsp;&nbsp;11 .00 | 5 | 5680 | &nbsp;&nbsp;&nbsp;&nbsp;400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NextDecade Corporation, 08/15/25 | &nbsp;&nbsp;13 .00 | 42 | 47712 | &nbsp;&nbsp;&nbsp;&nbsp;630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NextDecade Corporation, 09/19/25 | &nbsp;&nbsp;12 .00 | 556 | 631616 | &nbsp;&nbsp;&nbsp;&nbsp;38920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NextDecade Corporation, 09/19/25 | &nbsp;&nbsp;13 .00 | 94 | 106784 | &nbsp;&nbsp;&nbsp;&nbsp;3760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ONEOK, Inc., 08/15/25 | &nbsp;&nbsp;85 .00 | 44 | 361284 | &nbsp;&nbsp;&nbsp;&nbsp;3608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ONEOK, Inc., 08/15/25 | &nbsp;&nbsp;90 .00 | 628 | 5156508 | &nbsp;&nbsp;&nbsp;&nbsp;7536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ONEOK, Inc., 09/19/25 | &nbsp;&nbsp;85 .00 | 145 | 1190595 | &nbsp;&nbsp;&nbsp;&nbsp;29000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ONEOK, Inc., 09/19/25 | &nbsp;&nbsp;90 .00 | 4 | 32844 | &nbsp;&nbsp;&nbsp;&nbsp;328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pembina Pipeline Corporation, 08/15/25 | &nbsp;&nbsp;40 .00 | 1148 | 4269412 | &nbsp;&nbsp;&nbsp;&nbsp;11480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pembina Pipeline Corporation, 09/19/25 | &nbsp;&nbsp;40 .00 | 341 | 1268179 | &nbsp;&nbsp;&nbsp;&nbsp;5115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plains GP Holdings, L.P. - Class A, 08/15/25 | &nbsp;&nbsp;20 .00 | 353 | 691880 | &nbsp;&nbsp;&nbsp;&nbsp;8119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plains GP Holdings, L.P. - Class A, 08/15/25 | &nbsp;&nbsp;21 .00 | 75 | 147000 | &nbsp;&nbsp;&nbsp;&nbsp;600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plains GP Holdings, L.P. - Class A, 09/19/25 | &nbsp;&nbsp;21 .00 | 2377 | 4658920 | &nbsp;&nbsp;&nbsp;&nbsp;26147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;South Bow Corporation, 08/15/25 | &nbsp;&nbsp;30 .00 | 1 | 2626 | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Targa Resources Corporation, 08/15/25 | &nbsp;&nbsp;180 .00 | 262 | 4359942 | &nbsp;&nbsp;&nbsp;&nbsp;34060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Targa Resources Corporation, 08/15/25 | &nbsp;&nbsp;185 .00 | 18 | 299538 | &nbsp;&nbsp;&nbsp;&nbsp;990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Targa Resources Corporation, 09/19/25 | &nbsp;&nbsp;175 .00 | 4 | 66564 | &nbsp;&nbsp;&nbsp;&nbsp;1860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Targa Resources Corporation, 09/19/25 | &nbsp;&nbsp;180 .00 | 57 | 948537 | &nbsp;&nbsp;&nbsp;&nbsp;21660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TC Energy Corporation, 08/15/25 | &nbsp;&nbsp;50 .00 | 911 | 4361868 | &nbsp;&nbsp;&nbsp;&nbsp;15487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TC Energy Corporation, 08/15/25 | &nbsp;&nbsp;52 .50 | 89 | 426132 | &nbsp;&nbsp;&nbsp;&nbsp;2893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TC Energy Corporation, 09/19/25 | &nbsp;&nbsp;50 .00 | 19 | 90972 | &nbsp;&nbsp;&nbsp;&nbsp;1159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TC Energy Corporation, 09/19/25 | &nbsp;&nbsp;52 .50 | 196 | 938448 | &nbsp;&nbsp;&nbsp;&nbsp;3920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Midstream Partners, L.P., 08/15/25 | &nbsp;&nbsp;41 .00 | 204 | 830892 | &nbsp;&nbsp;&nbsp;&nbsp;6936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Midstream Partners, L.P., 08/15/25 | &nbsp;&nbsp;42 .00 | 40 | 162920 | &nbsp;&nbsp;&nbsp;&nbsp;600 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** | **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** | **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** | **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** | **WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF** |
| **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS (Continued)** | **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS (Continued)** | **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS (Continued)** | **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS (Continued)** | **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS (Continued)** |
| **WRITTEN OPTION CONTRACTS (Continued)** | **Strike Price** | **Contracts** | **Notional Value** | **Value of Options** |
| **Call Option Contracts (Continued)** | **Call Option Contracts (Continued)** | **Call Option Contracts (Continued)** | **Call Option Contracts (Continued)** | **Call Option Contracts (Continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Midstream Partners, L.P., 09/19/25 | &nbsp;&nbsp;$42 .00 | 118 | $480614 | &nbsp;&nbsp;&nbsp;&nbsp;$4366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Midstream Partners, L.P., 09/19/25 | &nbsp;&nbsp;43 .00 | 462 | 1881726 | &nbsp;&nbsp;&nbsp;&nbsp;8316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Williams Companies, Inc. (The), 08/15/25 | &nbsp;&nbsp;65 .00 | 1277 | 7655615 | &nbsp;&nbsp;&nbsp;&nbsp;26817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Williams Companies, Inc. (The), 09/19/25 | &nbsp;&nbsp;65 .00 | 282 | 1690590 | &nbsp;&nbsp;&nbsp;&nbsp;18330 |
| **Total Written Option Contracts** (Premiums $1,194,211) | **Total Written Option Contracts** (Premiums $1,194,211) |  | $114892066 | &nbsp;&nbsp;&nbsp;&nbsp;$1013825 |
| The average monthly notional value of written option contracts during the nine months ended July 31, 2025 was $82,240,202. | The average monthly notional value of written option contracts during the nine months ended July 31, 2025 was $82,240,202. | The average monthly notional value of written option contracts during the nine months ended July 31, 2025 was $82,240,202. | The average monthly notional value of written option contracts during the nine months ended July 31, 2025 was $82,240,202. | The average monthly notional value of written option contracts during the nine months ended July 31, 2025 was $82,240,202. |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD SALIENT ENHANCED ENERGY INCOME ETF** | **WESTWOOD SALIENT ENHANCED ENERGY INCOME ETF** | **WESTWOOD SALIENT ENHANCED ENERGY INCOME ETF** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** |
| **MLP RELATED COMPANIES - 100.7%** | **Shares** | **Value** |
| **Exploration & Production - 64.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;APA Corporation <sup>(a)</sup> | &nbsp;&nbsp;7005 | &nbsp;&nbsp;$135126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chevron Corporation <sup>(a)</sup> | &nbsp;&nbsp;21260 | &nbsp;&nbsp;3223878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ConocoPhillips <sup>(a)</sup> | &nbsp;&nbsp;12531 | &nbsp;&nbsp;1194705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coterra Energy, Inc. <sup>(a)</sup> | &nbsp;&nbsp;10946 | &nbsp;&nbsp;266973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Devon Energy Corporation <sup>(a)</sup> | &nbsp;&nbsp;8634 | &nbsp;&nbsp;286821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diamondback Energy, Inc. <sup>(a)</sup> | &nbsp;&nbsp;3986 | &nbsp;&nbsp;592559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EOG Resources, Inc. <sup>(a)</sup> | &nbsp;&nbsp;6930 | &nbsp;&nbsp;831739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EQT Corporation <sup>(a)</sup> | &nbsp;&nbsp;8840 | &nbsp;&nbsp;475150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expand Energy Corporation <sup>(a)</sup> | &nbsp;&nbsp;3056 | &nbsp;&nbsp;320208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exxon Mobil Corporation <sup>(a)</sup> | &nbsp;&nbsp;34284 | &nbsp;&nbsp;3827466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Occidental Petroleum Corporation <sup>(a)</sup> | &nbsp;&nbsp;11261 | &nbsp;&nbsp;494808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas Pacific Land Corporation <sup>(a)</sup> | &nbsp;&nbsp;222 | &nbsp;&nbsp;214925 |
|  |  | &nbsp;&nbsp;11864358 |
| **Gathering & Processing - 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Targa Resources Corporation <sup>(a)</sup> | &nbsp;&nbsp;3087 | &nbsp;&nbsp;513708 |
| **Natural Gas Liquids Infrastructure - 3.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ONEOK, Inc. <sup>(a)</sup> | &nbsp;&nbsp;8560 | &nbsp;&nbsp;702862 |
| **Natural Gas Pipelines - 9.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan, Inc. <sup>(a)</sup> | &nbsp;&nbsp;28065 | &nbsp;&nbsp;787504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Williams Companies, Inc. (The) <sup>(a)</sup> | &nbsp;&nbsp;17396 | &nbsp;&nbsp;1042890 |
|  |  | &nbsp;&nbsp;1830394 |
| **Oilfield Services & Equipment - 8.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baker Hughes Company <sup>(a)</sup> | &nbsp;&nbsp;14170 | &nbsp;&nbsp;638358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Halliburton Company <sup>(a)</sup> | &nbsp;&nbsp;12910 | &nbsp;&nbsp;289184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schlumberger Ltd. <sup>(a)</sup> | &nbsp;&nbsp;19680 | &nbsp;&nbsp;665184 |
|  |  | &nbsp;&nbsp;1592726 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD SALIENT ENHANCED ENERGY INCOME ETF** | **WESTWOOD SALIENT ENHANCED ENERGY INCOME ETF** | **WESTWOOD SALIENT ENHANCED ENERGY INCOME ETF** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MLP RELATED COMPANIES - 100.7% (Continued)** | **Shares** | **Value** |
| **Refining - 11.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marathon Petroleum Corporation <sup>(a)</sup> | &nbsp;&nbsp;4264 | &nbsp;&nbsp;$725690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phillips 66 <sup>(a)</sup> | &nbsp;&nbsp;5598 | &nbsp;&nbsp;691801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valero Energy Corporation <sup>(a)</sup> | &nbsp;&nbsp;4580 | &nbsp;&nbsp;628880 |
|  |  | &nbsp;&nbsp;2046371 |
| **Investments at Value - 100.7%** (Cost $18,652,800) | **Investments at Value - 100.7%** (Cost $18,652,800) | &nbsp;&nbsp;$18550419 |
| **Liabilities in Excess of Other Assets - (0.7%)** | **Liabilities in Excess of Other Assets - (0.7%)** | &nbsp;&nbsp; (125393) |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$18425026 |

---

<sup>(a)</sup> All or a portion of the security covers a written call option. The total value of securities as of July 31, 2025 was $18,207,681.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **WESTWOOD SALIENT ENHANCED ENERGY INCOME ETF** | **WESTWOOD SALIENT ENHANCED ENERGY INCOME ETF** | **WESTWOOD SALIENT ENHANCED ENERGY INCOME ETF** | **WESTWOOD SALIENT ENHANCED ENERGY INCOME ETF** | **WESTWOOD SALIENT ENHANCED ENERGY INCOME ETF** |
| **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS** | **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS** | **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS** | **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS** | **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS** |
| **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** |  |  |
| **WRITTEN OPTION CONTRACTS** | **Strike Price** | **Contracts** | **Notional Value** | **Value of Options** |
| **Call Option Contracts** | **Call Option Contracts** | **Call Option Contracts** | **Call Option Contracts** | **Call Option Contracts** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;APA Corporation, 08/15/25 | &nbsp;&nbsp;$20 .00 | 5 | $9645 | &nbsp;&nbsp;&nbsp;&nbsp;$250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;APA Corporation, 08/15/25 | &nbsp;&nbsp;22 .50 | 57 | 109953 | &nbsp;&nbsp;&nbsp;&nbsp;513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;APA Corporation, 09/19/25 | &nbsp;&nbsp;20 .00 | 4 | 7716 | &nbsp;&nbsp;&nbsp;&nbsp;420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baker Hughes Company, 08/15/25 | &nbsp;&nbsp;42 .00 | 123 | 554115 | &nbsp;&nbsp;&nbsp;&nbsp;40590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baker Hughes Company, 09/19/25 | &nbsp;&nbsp;43 .00 | 11 | 49555 | &nbsp;&nbsp;&nbsp;&nbsp;3454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chevron Corporation, 08/15/25 | &nbsp;&nbsp;155 .00 | 3 | 46402 | &nbsp;&nbsp;&nbsp;&nbsp;1148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chevron Corporation, 08/15/25 | &nbsp;&nbsp;160 .00 | 156 | 2365584 | &nbsp;&nbsp;&nbsp;&nbsp;9672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chevron Corporation, 08/15/25 | &nbsp;&nbsp;165 .00 | 6 | 90984 | &nbsp;&nbsp;&nbsp;&nbsp;150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chevron Corporation, 09/19/25 | &nbsp;&nbsp;155 .00 | 10 | 151640 | &nbsp;&nbsp;&nbsp;&nbsp;3100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chevron Corporation, 09/19/25 | &nbsp;&nbsp;160 .00 | 23 | 348772 | &nbsp;&nbsp;&nbsp;&nbsp;3680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ConocoPhillips, 08/15/25 | &nbsp;&nbsp;100 .00 | 109 | 1039206 | &nbsp;&nbsp;&nbsp;&nbsp;10028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ConocoPhillips, 09/19/25 | &nbsp;&nbsp;100 .00 | 10 | 95340 | &nbsp;&nbsp;&nbsp;&nbsp;2160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coterra Energy, Inc., 08/15/25 | &nbsp;&nbsp;28 .00 | 95 | 231705 | &nbsp;&nbsp;&nbsp;&nbsp;760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coterra Energy, Inc., 09/19/25 | &nbsp;&nbsp;26 .00 | 8 | 19512 | &nbsp;&nbsp;&nbsp;&nbsp;368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Devon Energy Corporation, 08/01/25 | &nbsp;&nbsp;37 .00 | 2 | 6644 | &nbsp;&nbsp;&nbsp;&nbsp;2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Devon Energy Corporation, 08/15/25 | &nbsp;&nbsp;35 .00 | 73 | 242506 | &nbsp;&nbsp;&nbsp;&nbsp;3650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Devon Energy Corporation, 09/19/25 | &nbsp;&nbsp;35 .00 | 7 | 23254 | &nbsp;&nbsp;&nbsp;&nbsp;756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diamondback Energy, Inc., 08/15/25 | &nbsp;&nbsp;165 .00 | 34 | 505444 | &nbsp;&nbsp;&nbsp;&nbsp;2108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diamondback Energy, Inc., 09/19/25 | &nbsp;&nbsp;150 .00 | 2 | 29732 | &nbsp;&nbsp;&nbsp;&nbsp;1460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diamondback Energy, Inc., 09/19/25 | &nbsp;&nbsp;155 .00 | 1 | 14866 | &nbsp;&nbsp;&nbsp;&nbsp;520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EOG Resources, Inc., 08/15/25 | &nbsp;&nbsp;130 .00 | 60 | 720120 | &nbsp;&nbsp;&nbsp;&nbsp;2850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EOG Resources, Inc., 09/19/25 | &nbsp;&nbsp;125 .00 | 5 | 60010 | &nbsp;&nbsp;&nbsp;&nbsp;1600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EQT Corporation, 08/15/25 | &nbsp;&nbsp;65 .00 | 76 | 408500 | &nbsp;&nbsp;&nbsp;&nbsp;532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EQT Corporation, 09/19/25 | &nbsp;&nbsp;60 .00 | 7 | 37625 | &nbsp;&nbsp;&nbsp;&nbsp;595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expand Energy Corporation, 09/19/25 | &nbsp;&nbsp;110 .00 | 29 | 303862 | &nbsp;&nbsp;&nbsp;&nbsp;5655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exxon Mobil Corporation, 08/15/25 | &nbsp;&nbsp;120 .00 | 309 | 3449676 | &nbsp;&nbsp;&nbsp;&nbsp;7725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exxon Mobil Corporation, 09/19/25 | &nbsp;&nbsp;115 .00 | 29 | 323756 | &nbsp;&nbsp;&nbsp;&nbsp;6525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Halliburton Company, 08/15/25 | &nbsp;&nbsp;23 .00 | 10 | 22400 | &nbsp;&nbsp;&nbsp;&nbsp;410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Halliburton Company, 08/15/25 | &nbsp;&nbsp;24 .00 | 102 | 228480 | &nbsp;&nbsp;&nbsp;&nbsp;1734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Halliburton Company, 09/19/25 | &nbsp;&nbsp;23 .00 | 10 | 22400 | &nbsp;&nbsp;&nbsp;&nbsp;870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan, Inc., 08/15/25 | &nbsp;&nbsp;30 .00 | 243 | 681858 | &nbsp;&nbsp;&nbsp;&nbsp;1215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan, Inc., 09/19/25 | &nbsp;&nbsp;30 .00 | 23 | 64538 | &nbsp;&nbsp;&nbsp;&nbsp;644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marathon Petroleum Corporation, 08/15/25 | &nbsp;&nbsp;180 .00 | 39 | 663741 | &nbsp;&nbsp;&nbsp;&nbsp;5109 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **WESTWOOD SALIENT ENHANCED ENERGY INCOME ETF** | **WESTWOOD SALIENT ENHANCED ENERGY INCOME ETF** | **WESTWOOD SALIENT ENHANCED ENERGY INCOME ETF** | **WESTWOOD SALIENT ENHANCED ENERGY INCOME ETF** | **WESTWOOD SALIENT ENHANCED ENERGY INCOME ETF** |
| **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS (Continued)** | **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS (Continued)** | **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS (Continued)** | **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS (Continued)** | **SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS (Continued)** |
| **WRITTEN OPTION CONTRACTS (Continued)** | **Strike Price** | **Contracts** | **Notional Value** | **Value of Options** |
| **Call Option Contracts (Continued)** | **Call Option Contracts (Continued)** | **Call Option Contracts (Continued)** | **Call Option Contracts (Continued)** | **Call Option Contracts (Continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marathon Petroleum Corporation, 09/19/25 | &nbsp;&nbsp;$185 .00 | 1 | $17019 | &nbsp;&nbsp;&nbsp;&nbsp;$220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Occidental Petroleum Corporation, 08/15/25 | &nbsp;&nbsp;47 .50 | 103 | 452582 | &nbsp;&nbsp;&nbsp;&nbsp;4017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Occidental Petroleum Corporation, 09/19/25 | &nbsp;&nbsp;47 .50 | 3 | 13182 | &nbsp;&nbsp;&nbsp;&nbsp;279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ONEOK, Inc., 08/15/25 | &nbsp;&nbsp;90 .00 | 74 | 607614 | &nbsp;&nbsp;&nbsp;&nbsp;888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ONEOK, Inc., 09/19/25 | &nbsp;&nbsp;85 .00 | 7 | 57477 | &nbsp;&nbsp;&nbsp;&nbsp;1400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phillips 66, 08/15/25 | &nbsp;&nbsp;130 .00 | 47 | 580826 | &nbsp;&nbsp;&nbsp;&nbsp;3760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phillips 66, 08/15/25 | &nbsp;&nbsp;135 .00 | 1 | 12358 | &nbsp;&nbsp;&nbsp;&nbsp;21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phillips 66, 09/19/25 | &nbsp;&nbsp;130 .00 | 3 | 37074 | &nbsp;&nbsp;&nbsp;&nbsp;738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phillips 66, 09/19/25 | &nbsp;&nbsp;135 .00 | 2 | 24716 | &nbsp;&nbsp;&nbsp;&nbsp;260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schlumberger Ltd., 08/15/25 | &nbsp;&nbsp;37 .50 | 171 | 577980 | &nbsp;&nbsp;&nbsp;&nbsp;1197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schlumberger Ltd., 09/19/25 | &nbsp;&nbsp;37 .50 | 15 | 50700 | &nbsp;&nbsp;&nbsp;&nbsp;570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Targa Resources Corporation, 08/15/25 | &nbsp;&nbsp;180 .00 | 26 | 432666 | &nbsp;&nbsp;&nbsp;&nbsp;3380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Targa Resources Corporation, 09/19/25 | &nbsp;&nbsp;180 .00 | 3 | 49923 | &nbsp;&nbsp;&nbsp;&nbsp;1140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas Pacific Land Corporation, 08/15/25 | &nbsp;&nbsp;1200 .00 | 2 | 193626 | &nbsp;&nbsp;&nbsp;&nbsp;350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valero Energy Corporation, 08/15/25 | &nbsp;&nbsp;150 .00 | 39 | 535509 | &nbsp;&nbsp;&nbsp;&nbsp;1326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valero Energy Corporation, 09/19/25 | &nbsp;&nbsp;150 .00 | 3 | 41193 | &nbsp;&nbsp;&nbsp;&nbsp;570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valero Energy Corporation, 09/19/25 | &nbsp;&nbsp;160 .00 | 1 | 13731 | &nbsp;&nbsp;&nbsp;&nbsp;64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Williams Companies, Inc. (The), 08/15/25 | &nbsp;&nbsp;65 .00 | 151 | 905245 | &nbsp;&nbsp;&nbsp;&nbsp;3171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Williams Companies, Inc. (The), 09/19/25 | &nbsp;&nbsp;65 .00 | 14 | 83930 | &nbsp;&nbsp;&nbsp;&nbsp;910 |
| **Total Written Option Contracts** (Premiums $344,296) | **Total Written Option Contracts** (Premiums $344,296) |  | $17616892 | &nbsp;&nbsp;&nbsp;&nbsp;$144514 |
| The average monthly notional value of written option contracts during the nine months ended July 31, 2025 was $15,346,466. | The average monthly notional value of written option contracts during the nine months ended July 31, 2025 was $15,346,466. | The average monthly notional value of written option contracts during the nine months ended July 31, 2025 was $15,346,466. | The average monthly notional value of written option contracts during the nine months ended July 31, 2025 was $15,346,466. | The average monthly notional value of written option contracts during the nine months ended July 31, 2025 was $15,346,466. |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD LBRTY GLOBAL EQUITY ETF** | **WESTWOOD LBRTY GLOBAL EQUITY ETF** | **WESTWOOD LBRTY GLOBAL EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 100.0%** | **Shares** | **Value** |
| **Australia - 0.1%** | **Australia - 0.1%** | **Australia - 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coles Group Ltd. | &nbsp;&nbsp;52 | &nbsp;&nbsp;$693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Woolworths Group Ltd. | &nbsp;&nbsp;83 | &nbsp;&nbsp;1681 |
|  |  | &nbsp;&nbsp;2374 |
| **Austria - 0.1%** | **Austria - 0.1%** | **Austria - 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verbund AG | &nbsp;&nbsp;25 | &nbsp;&nbsp;1865 |
| **Bermuda - 0.0% <sup>(a)</sup>** | **Bermuda - 0.0% <sup>(a)</sup>** | **Bermuda - 0.0% <sup>(a)</sup>** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Everest Group Ltd. | &nbsp;&nbsp;1 | &nbsp;&nbsp;336 |
| **Brazil - 0.1%** | **Brazil - 0.1%** | **Brazil - 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Embraer S.A. - ADR | &nbsp;&nbsp;39 | &nbsp;&nbsp;2246 |
| **Canada - 5.3%** | **Canada - 5.3%** | **Canada - 5.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agnico Eagle Mines Ltd. | &nbsp;&nbsp;81 | &nbsp;&nbsp;10056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brookfield Corporation | &nbsp;&nbsp;29 | &nbsp;&nbsp;1942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian National Railway Company | &nbsp;&nbsp;258 | &nbsp;&nbsp;24091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CGI, Inc. | &nbsp;&nbsp;22 | &nbsp;&nbsp;2121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Constellation Software, Inc. | &nbsp;&nbsp;7 | &nbsp;&nbsp;24149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dollarama, Inc. | &nbsp;&nbsp;68 | &nbsp;&nbsp;9294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fairfax Financial Holdings Ltd. | &nbsp;&nbsp;3 | &nbsp;&nbsp;5306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fortis, Inc. | &nbsp;&nbsp;362 | &nbsp;&nbsp;17713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hydro One Ltd. | &nbsp;&nbsp;176 | &nbsp;&nbsp;6224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Metro, Inc. | &nbsp;&nbsp;97 | &nbsp;&nbsp;7417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nutrien Ltd. | &nbsp;&nbsp;154 | &nbsp;&nbsp;9137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RB Global, Inc. | &nbsp;&nbsp;60 | &nbsp;&nbsp;6497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shopify, Inc. - Class A <sup>(b)</sup> | &nbsp;&nbsp;37 | &nbsp;&nbsp;4523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sun Life Financial, Inc. | &nbsp;&nbsp;112 | &nbsp;&nbsp;6829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Teck Resources Ltd. - Class B | &nbsp;&nbsp;261 | &nbsp;&nbsp;8463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Waste Connections, Inc. | &nbsp;&nbsp;15 | &nbsp;&nbsp;2801 |
|  |  | &nbsp;&nbsp;146563 |
| **Cayman Islands - 0.2%** | **Cayman Islands - 0.2%** | **Cayman Islands - 0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NU Holdings Ltd. - Class A <sup>(b)</sup> | &nbsp;&nbsp;412 | &nbsp;&nbsp;5035 |
| **Denmark - 0.7%** | **Denmark - 0.7%** | **Denmark - 0.7%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Novo Nordisk A/S - Class B | &nbsp;&nbsp;277 | &nbsp;&nbsp;13320 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD LBRTY GLOBAL EQUITY ETF** | **WESTWOOD LBRTY GLOBAL EQUITY ETF** | **WESTWOOD LBRTY GLOBAL EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 100.0% (Continued)** | **Shares** | **Value** |
| **Denmark - 0.7% (Continued)** | **Denmark - 0.7% (Continued)** | **Denmark - 0.7% (Continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Orsted A/S <sup>(b)</sup> | &nbsp;&nbsp;117 | &nbsp;&nbsp;$5515 |
|  |  | &nbsp;&nbsp;18835 |
| **France - 3.0%** | **France - 3.0%** | **France - 3.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Air Liquide S.A. | &nbsp;&nbsp;248 | &nbsp;&nbsp;48932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Danone S.A. | &nbsp;&nbsp;279 | &nbsp;&nbsp;22899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legrand S.A. | &nbsp;&nbsp;42 | &nbsp;&nbsp;6232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schneider Electric SE | &nbsp;&nbsp;12 | &nbsp;&nbsp;3127 |
|  |  | &nbsp;&nbsp;81190 |
| **Germany - 1.0%** | **Germany - 1.0%** | **Germany - 1.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E.ON SE | &nbsp;&nbsp;377 | &nbsp;&nbsp;6868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MTU Aero Engines AG | &nbsp;&nbsp;42 | &nbsp;&nbsp;18138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Symrise AG | &nbsp;&nbsp;29 | &nbsp;&nbsp;2632 |
|  |  | &nbsp;&nbsp;27638 |
| **Ireland - 0.3%** | **Ireland - 0.3%** | **Ireland - 0.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allegion plc | &nbsp;&nbsp;31 | &nbsp;&nbsp;5143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Linde plc | &nbsp;&nbsp;3 | &nbsp;&nbsp;1381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TE Connectivity plc | &nbsp;&nbsp;14 | &nbsp;&nbsp;2881 |
|  |  | &nbsp;&nbsp;9405 |
| **Japan - 3.0%** | **Japan - 3.0%** | **Japan - 3.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aeon Company Ltd. | &nbsp;&nbsp;300 | &nbsp;&nbsp;9615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Astellas Pharma, Inc. | &nbsp;&nbsp;100 | &nbsp;&nbsp;1047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Daiichi Sankyo Company Ltd. | &nbsp;&nbsp;600 | &nbsp;&nbsp;14801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eisai Company Ltd. | &nbsp;&nbsp;200 | &nbsp;&nbsp;5667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FUJIFILM Holdings Corporation | &nbsp;&nbsp;400 | &nbsp;&nbsp;8372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kao Corporation | &nbsp;&nbsp;100 | &nbsp;&nbsp;4516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kikkoman Corporation | &nbsp;&nbsp;300 | &nbsp;&nbsp;2634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mitsubishi UFJ Financial Group, Inc. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;16795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resona Holdings, Inc. | &nbsp;&nbsp;400 | &nbsp;&nbsp;3685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shin-Etsu Chemical Company Ltd. | &nbsp;&nbsp;100 | &nbsp;&nbsp;2915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sompo Holdings, Inc. | &nbsp;&nbsp;200 | &nbsp;&nbsp;5931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TOPPAN Holdings, Inc. | &nbsp;&nbsp;100 | &nbsp;&nbsp;2714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unicharm Corporation | &nbsp;&nbsp;700 | &nbsp;&nbsp;4856 |
|  |  | &nbsp;&nbsp;83548 |
| **Netherlands - 0.2%** | **Netherlands - 0.2%** | **Netherlands - 0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASML Holding N.V. | &nbsp;&nbsp;8 | &nbsp;&nbsp;5600 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD LBRTY GLOBAL EQUITY ETF** | **WESTWOOD LBRTY GLOBAL EQUITY ETF** | **WESTWOOD LBRTY GLOBAL EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 100.0% (Continued)** | **Shares** | **Value** |
| **Norway - 0.6%** | **Norway - 0.6%** | **Norway - 0.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equinor ASA | &nbsp;&nbsp;583 | &nbsp;&nbsp;$15096 |
| **Portugal - 0.1%** | **Portugal - 0.1%** | **Portugal - 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EDP S.A. | &nbsp;&nbsp;845 | &nbsp;&nbsp;3653 |
| **Spain - 0.6%** | **Spain - 0.6%** | **Spain - 0.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Iberdrola S.A. | &nbsp;&nbsp;984 | &nbsp;&nbsp;17252 |
| **Switzerland - 1.0%** | **Switzerland - 1.0%** | **Switzerland - 1.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amrize Ltd. <sup>(b)</sup> | &nbsp;&nbsp;75 | &nbsp;&nbsp;3791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Holcim AG | &nbsp;&nbsp;75 | &nbsp;&nbsp;6000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nestle S.A. | &nbsp;&nbsp;195 | &nbsp;&nbsp;17069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sika AG | &nbsp;&nbsp;8 | &nbsp;&nbsp;1897 |
|  |  | &nbsp;&nbsp;28757 |
| **Taiwan Province Of China - 0.3%** | **Taiwan Province Of China - 0.3%** | **Taiwan Province Of China - 0.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Company Ltd. - ADR | &nbsp;&nbsp;29 | &nbsp;&nbsp;7007 |
| **United Kingdom - 3.0%** | **United Kingdom - 3.0%** | **United Kingdom - 3.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3i Group plc | &nbsp;&nbsp;261 | &nbsp;&nbsp;14308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ashtead Group plc | &nbsp;&nbsp;88 | &nbsp;&nbsp;5902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Barclays plc | &nbsp;&nbsp;1554 | &nbsp;&nbsp;7620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BP plc | &nbsp;&nbsp;4496 | &nbsp;&nbsp;24033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola Europacific Partners plc | &nbsp;&nbsp;109 | &nbsp;&nbsp;10564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GSK plc | &nbsp;&nbsp;256 | &nbsp;&nbsp;4794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Haleon plc | &nbsp;&nbsp;1038 | &nbsp;&nbsp;4928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Melrose Industries plc | &nbsp;&nbsp;374 | &nbsp;&nbsp;2530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sage Group plc (The) | &nbsp;&nbsp;415 | &nbsp;&nbsp;6686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unilever plc | &nbsp;&nbsp;12 | &nbsp;&nbsp;699 |
|  |  | &nbsp;&nbsp;82064 |
| **United States - 80.4%** | **United States - 80.4%** | **United States - 80.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AbbVie, Inc. | &nbsp;&nbsp;131 | &nbsp;&nbsp;24762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Micro Devices, Inc. <sup>(b)</sup> | &nbsp;&nbsp;245 | &nbsp;&nbsp;43196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AECOM | &nbsp;&nbsp;27 | &nbsp;&nbsp;3044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Airbnb, Inc. - Class A <sup>(b)</sup> | &nbsp;&nbsp;130 | &nbsp;&nbsp;17213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Inc. - Class A | &nbsp;&nbsp;274 | &nbsp;&nbsp;52581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Inc. - Class C | &nbsp;&nbsp;249 | &nbsp;&nbsp;48022 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD LBRTY GLOBAL EQUITY ETF** | **WESTWOOD LBRTY GLOBAL EQUITY ETF** | **WESTWOOD LBRTY GLOBAL EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 100.0% (Continued)** | **Shares** | **Value** |
| **United States - 80.4% (Continued)** | **United States - 80.4% (Continued)** | **United States - 80.4% (Continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com, Inc. <sup>(b)</sup> | &nbsp;&nbsp;491 | &nbsp;&nbsp;$114948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Express Company | &nbsp;&nbsp;111 | &nbsp;&nbsp;33223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American International Group, Inc. | &nbsp;&nbsp;321 | &nbsp;&nbsp;24920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ameriprise Financial, Inc. | &nbsp;&nbsp;20 | &nbsp;&nbsp;10364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AMETEK, Inc. | &nbsp;&nbsp;40 | &nbsp;&nbsp;7394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amphenol Corporation - Class A | &nbsp;&nbsp;335 | &nbsp;&nbsp;35681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple, Inc. | &nbsp;&nbsp;424 | &nbsp;&nbsp;88009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Applied Materials, Inc. | &nbsp;&nbsp;90 | &nbsp;&nbsp;16205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Autodesk, Inc. <sup>(b)</sup> | &nbsp;&nbsp;47 | &nbsp;&nbsp;14246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AvalonBay Communities, Inc. | &nbsp;&nbsp;53 | &nbsp;&nbsp;9873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Axon Enterprise, Inc. <sup>(b)</sup> | &nbsp;&nbsp;7 | &nbsp;&nbsp;5288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America Corporation | &nbsp;&nbsp;1356 | &nbsp;&nbsp;64098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of New York Mellon Corporation (The) | &nbsp;&nbsp;352 | &nbsp;&nbsp;35710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bentley Systems, Inc. - Class B | &nbsp;&nbsp;117 | &nbsp;&nbsp;6784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BioMarin Pharmaceutical, Inc. <sup>(b)</sup> | &nbsp;&nbsp;107 | &nbsp;&nbsp;6190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boston Scientific Corporation <sup>(b)</sup> | &nbsp;&nbsp;224 | &nbsp;&nbsp;23502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broadcom, Inc. | &nbsp;&nbsp;187 | &nbsp;&nbsp;54922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cadence Design Systems, Inc. <sup>(b)</sup> | &nbsp;&nbsp;52 | &nbsp;&nbsp;18958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Camden Property Trust | &nbsp;&nbsp;14 | &nbsp;&nbsp;1529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cencora, Inc. | &nbsp;&nbsp;14 | &nbsp;&nbsp;4005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chipotle Mexican Grill, Inc. <sup>(b)</sup> | &nbsp;&nbsp;223 | &nbsp;&nbsp;9562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Church & Dwight Company, Inc. | &nbsp;&nbsp;31 | &nbsp;&nbsp;2907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cincinnati Financial Corporation | &nbsp;&nbsp;18 | &nbsp;&nbsp;2655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cintas Corporation | &nbsp;&nbsp;5 | &nbsp;&nbsp;1113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cisco Systems, Inc. | &nbsp;&nbsp;436 | &nbsp;&nbsp;29683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citizens Financial Group, Inc. | &nbsp;&nbsp;17 | &nbsp;&nbsp;811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CMS Energy Corporation | &nbsp;&nbsp;94 | &nbsp;&nbsp;6937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola Company (The) | &nbsp;&nbsp;51 | &nbsp;&nbsp;3462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Colgate-Palmolive Company | &nbsp;&nbsp;182 | &nbsp;&nbsp;15261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consolidated Edison, Inc. | &nbsp;&nbsp;80 | &nbsp;&nbsp;8280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Constellation Energy Corporation | &nbsp;&nbsp;10 | &nbsp;&nbsp;3478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Copart, Inc. <sup>(b)</sup> | &nbsp;&nbsp;214 | &nbsp;&nbsp;9701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corteva, Inc. | &nbsp;&nbsp;45 | &nbsp;&nbsp;3246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Costco Wholesale Corporation | &nbsp;&nbsp;23 | &nbsp;&nbsp;21611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coterra Energy, Inc. | &nbsp;&nbsp;310 | &nbsp;&nbsp;7561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crowdstrike Holdings, Inc. - Class A <sup>(b)</sup> | &nbsp;&nbsp;22 | &nbsp;&nbsp;10001 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD LBRTY GLOBAL EQUITY ETF** | **WESTWOOD LBRTY GLOBAL EQUITY ETF** | **WESTWOOD LBRTY GLOBAL EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 100.0% (Continued)** | **Shares** | **Value** |
| **United States - 80.4% (Continued)** | **United States - 80.4% (Continued)** | **United States - 80.4% (Continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crown Castle, Inc. | &nbsp;&nbsp;120 | &nbsp;&nbsp;$12611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deere & Company | &nbsp;&nbsp;41 | &nbsp;&nbsp;21498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diamondback Energy, Inc. | &nbsp;&nbsp;26 | &nbsp;&nbsp;3865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Digital Realty Trust, Inc. | &nbsp;&nbsp;27 | &nbsp;&nbsp;4764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dollar Tree, Inc. <sup>(b)</sup> | &nbsp;&nbsp;110 | &nbsp;&nbsp;12491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DoorDash, Inc. - Class A <sup>(b)</sup> | &nbsp;&nbsp;5 | &nbsp;&nbsp;1251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dover Corporation | &nbsp;&nbsp;110 | &nbsp;&nbsp;19925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dynatrace, Inc. <sup>(b)</sup> | &nbsp;&nbsp;131 | &nbsp;&nbsp;6892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;East West Bancorp, Inc. | &nbsp;&nbsp;37 | &nbsp;&nbsp;3709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edwards Lifesciences Corporation <sup>(b)</sup> | &nbsp;&nbsp;128 | &nbsp;&nbsp;10152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Elevance Health, Inc. | &nbsp;&nbsp;5 | &nbsp;&nbsp;1415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eli Lilly & Company | &nbsp;&nbsp;54 | &nbsp;&nbsp;39964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EMCOR Group, Inc. | &nbsp;&nbsp;13 | &nbsp;&nbsp;8157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equinix, Inc. | &nbsp;&nbsp;17 | &nbsp;&nbsp;13348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equitable Holdings, Inc. | &nbsp;&nbsp;245 | &nbsp;&nbsp;12581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Essex Property Trust, Inc. | &nbsp;&nbsp;22 | &nbsp;&nbsp;5724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exelon Corporation | &nbsp;&nbsp;207 | &nbsp;&nbsp;9303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Extra Space Storage, Inc. | &nbsp;&nbsp;32 | &nbsp;&nbsp;4300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair Isaac Corporation <sup>(b)</sup> | &nbsp;&nbsp;7 | &nbsp;&nbsp;10057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fifth Third Bancorp | &nbsp;&nbsp;166 | &nbsp;&nbsp;6901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fortinet, Inc. <sup>(b)</sup> | &nbsp;&nbsp;24 | &nbsp;&nbsp;2398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Electric Company | &nbsp;&nbsp;50 | &nbsp;&nbsp;13554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Mills, Inc. | &nbsp;&nbsp;131 | &nbsp;&nbsp;6416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group, Inc. (The) | &nbsp;&nbsp;77 | &nbsp;&nbsp;55717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Graco, Inc. | &nbsp;&nbsp;22 | &nbsp;&nbsp;1848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hartford Insurance Group, Inc. (The) | &nbsp;&nbsp;55 | &nbsp;&nbsp;6841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hershey Company (The) | &nbsp;&nbsp;25 | &nbsp;&nbsp;4653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home Depot, Inc. (The) | &nbsp;&nbsp;48 | &nbsp;&nbsp;17640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Illinois Tool Works, Inc. | &nbsp;&nbsp;88 | &nbsp;&nbsp;22526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Illumina, Inc. <sup>(b)</sup> | &nbsp;&nbsp;9 | &nbsp;&nbsp;924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intercontinental Exchange, Inc. | &nbsp;&nbsp;88 | &nbsp;&nbsp;16265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Business Machines Corporation | &nbsp;&nbsp;38 | &nbsp;&nbsp;9620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intuitive Surgical, Inc. <sup>(b)</sup> | &nbsp;&nbsp;7 | &nbsp;&nbsp;3368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Johnson & Johnson | &nbsp;&nbsp;183 | &nbsp;&nbsp;30147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase & Company | &nbsp;&nbsp;99 | &nbsp;&nbsp;29328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Keysight Technologies, Inc. <sup>(b)</sup> | &nbsp;&nbsp;34 | &nbsp;&nbsp;5573 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD LBRTY GLOBAL EQUITY ETF** | **WESTWOOD LBRTY GLOBAL EQUITY ETF** | **WESTWOOD LBRTY GLOBAL EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 100.0% (Continued)** | **Shares** | **Value** |
| **United States - 80.4% (Continued)** | **United States - 80.4% (Continued)** | **United States - 80.4% (Continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kimberly-Clark Corporation | &nbsp;&nbsp;83 | &nbsp;&nbsp;$10343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kimco Realty Corporation | &nbsp;&nbsp;139 | &nbsp;&nbsp;2951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KLA Corporation | &nbsp;&nbsp;12 | &nbsp;&nbsp;10548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lennox International, Inc. | &nbsp;&nbsp;4 | &nbsp;&nbsp;2436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loews Corporation | &nbsp;&nbsp;23 | &nbsp;&nbsp;2082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lowe's Companies, Inc. | &nbsp;&nbsp;35 | &nbsp;&nbsp;7825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LPL Financial Holdings, Inc. | &nbsp;&nbsp;18 | &nbsp;&nbsp;7123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lululemon Athletica, Inc. <sup>(b)</sup> | &nbsp;&nbsp;1 | &nbsp;&nbsp;201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Martin Marietta Materials, Inc. | &nbsp;&nbsp;12 | &nbsp;&nbsp;6899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Inc. - Class A | &nbsp;&nbsp;95 | &nbsp;&nbsp;73477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corporation | &nbsp;&nbsp;254 | &nbsp;&nbsp;135508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mondelez International, Inc. - Class A | &nbsp;&nbsp;184 | &nbsp;&nbsp;11904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley | &nbsp;&nbsp;52 | &nbsp;&nbsp;7408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NetApp, Inc. | &nbsp;&nbsp;150 | &nbsp;&nbsp;15620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netflix, Inc. <sup>(b)</sup> | &nbsp;&nbsp;29 | &nbsp;&nbsp;33623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NiSource, Inc. | &nbsp;&nbsp;23 | &nbsp;&nbsp;976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nordson Corporation | &nbsp;&nbsp;7 | &nbsp;&nbsp;1499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NVIDIA Corporation | &nbsp;&nbsp;843 | &nbsp;&nbsp;149944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Occidental Petroleum Corporation | &nbsp;&nbsp;60 | &nbsp;&nbsp;2636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oracle Corporation | &nbsp;&nbsp;21 | &nbsp;&nbsp;5329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PepsiCo, Inc. | &nbsp;&nbsp;329 | &nbsp;&nbsp;45376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PPG Industries, Inc. | &nbsp;&nbsp;95 | &nbsp;&nbsp;10022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Procter & Gamble Company (The) | &nbsp;&nbsp;250 | &nbsp;&nbsp;37618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prudential Financial, Inc. | &nbsp;&nbsp;97 | &nbsp;&nbsp;10047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PTC, Inc. <sup>(b)</sup> | &nbsp;&nbsp;92 | &nbsp;&nbsp;19762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Storage | &nbsp;&nbsp;26 | &nbsp;&nbsp;7070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pure Storage, Inc. - Class A <sup>(b)</sup> | &nbsp;&nbsp;105 | &nbsp;&nbsp;6250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quanta Services, Inc. | &nbsp;&nbsp;25 | &nbsp;&nbsp;10154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realty Income Corporation | &nbsp;&nbsp;141 | &nbsp;&nbsp;7914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regal Rexnord Corporation | &nbsp;&nbsp;53 | &nbsp;&nbsp;8103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regency Centers Corporation | &nbsp;&nbsp;36 | &nbsp;&nbsp;2570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Robinhood Markets, Inc. - Class A <sup>(b)</sup> | &nbsp;&nbsp;108 | &nbsp;&nbsp;11129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ross Stores, Inc. | &nbsp;&nbsp;24 | &nbsp;&nbsp;3277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SBA Communications Corporation - Class A | &nbsp;&nbsp;73 | &nbsp;&nbsp;16404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Snap, Inc. - Class A <sup>(b)</sup> | &nbsp;&nbsp;552 | &nbsp;&nbsp;5205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Snap-on, Inc. | &nbsp;&nbsp;15 | &nbsp;&nbsp;4818 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD LBRTY GLOBAL EQUITY ETF** | **WESTWOOD LBRTY GLOBAL EQUITY ETF** | **WESTWOOD LBRTY GLOBAL EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 100.0% (Continued)** | **Shares** | **Value** |
| **United States - 80.4% (Continued)** | **United States - 80.4% (Continued)** | **United States - 80.4% (Continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stanley Black & Decker, Inc. | &nbsp;&nbsp;24 | &nbsp;&nbsp;$1624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stryker Corporation | &nbsp;&nbsp;43 | &nbsp;&nbsp;16887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Take-Two Interactive Software, Inc. <sup>(b)</sup> | &nbsp;&nbsp;42 | &nbsp;&nbsp;9355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tesla, Inc. <sup>(b)</sup> | &nbsp;&nbsp;102 | &nbsp;&nbsp;31444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TJX Companies, Inc. (The) | &nbsp;&nbsp;169 | &nbsp;&nbsp;21045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UDR, Inc. | &nbsp;&nbsp;78 | &nbsp;&nbsp;3065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UnitedHealth Group, Inc. | &nbsp;&nbsp;59 | &nbsp;&nbsp;14725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Visa, Inc. - Class A | &nbsp;&nbsp;93 | &nbsp;&nbsp;32128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;W.R. Berkley Corporation | &nbsp;&nbsp;38 | &nbsp;&nbsp;2615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;W.W. Grainger, Inc. | &nbsp;&nbsp;6 | &nbsp;&nbsp;6237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo & Company | &nbsp;&nbsp;140 | &nbsp;&nbsp;11288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Digital Corporation | &nbsp;&nbsp;100 | &nbsp;&nbsp;7869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Williams Companies, Inc. (The) | &nbsp;&nbsp;186 | &nbsp;&nbsp;11151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zillow Group, Inc. - Class C <sup>(b)</sup> | &nbsp;&nbsp;61 | &nbsp;&nbsp;4853 |
|  |  | &nbsp;&nbsp;2204999 |
| **Investments at Value - 100.0%** (Cost $2,400,717) | **Investments at Value - 100.0%** (Cost $2,400,717) | &nbsp;&nbsp;$2743463 |
| **Other Assets in Excess of Liabilities - 0.0% <sup>(a)</sup>** | **Other Assets in Excess of Liabilities - 0.0% <sup>(a)</sup>** | &nbsp;&nbsp;31 |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$2743494 |

---

---

| | |
|:---|:---|
| A/S | - Aktieselskab |
| ADR | - American Depositary Receipt |
| AG | - Aktiengesellschaft |
| ASA | - Allmennaksjeselskap |
| N.V. | - Naamloze Vennootschap |
| plc | - Public Limited Company |
| S.A. | - Societe Anonyme |
| SE | - Societe Europaea |

---

<sup>(a)</sup> Percentage rounds to less than 0.1%.

<sup>(b)</sup> Non-income producing security.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Ultimus Managers Trust

- **b. Investment Company Act file number:** 811-22680

- **c. CIK number of Registrant:** 0001545440

- **d. LEI of Registrant:** 549300FU214TAR7BFY91

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

**Item A.2. Information about the Series.**

- **a. Name of Series:** Westwood LBRTY Global Equity ETF

- **b. EDGAR series identifier (if any):** S000091091

- **c. LEI of Series:** 25490061Q4SYAETP5241

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $2744656.32

**Total Liabilities:** $1162.28

**Net Assets:** $2743494.04

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000258486 | 6.08%                | 4.75%                | 1.11%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $180272.76                                 |
| Month 2  | $97587.69                | $29251.71                                  |
| Month 3  | $-1.50                   | $30221.72                                  |

### Schedule of Portfolio Investments

| Name                                         | Title                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Unicharm Corp.                               | Unicharm Corporation                            | CUSIP: J94104114<br>LEI: 353800UQ4BZIJTAQEG85 | Long             | EC               | CORP              | JP        |       700 | NS      | $4855.63      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial, Inc.                   | Prudential Financial, Inc.                      | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |        97 | NS      | $10047.26     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                            | ASML Holding N.V.                               | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |         8 | NS      | $5600.37      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                                | RB Global, Inc.                                 | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | US        |        60 | NS      | $6496.68      | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.                      | Intuitive Surgical, Inc.                        | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |         7 | NS      | $3367.63      | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Melrose Industries PLC                       | Melrose Industries plc                          | CUSIP: G5973J210<br>LEI: 213800RGNXXZY2M7TR85 | Long             | EC               | CORP              | GB        |       374 | NS      | $2529.89      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                              | Deere & Company                                 | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |        41 | NS      | $21499.17     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortis Inc                                   | Fortis, Inc.                                    | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |       362 | NS      | $17713.34     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowes Companies, Inc.                        | Lowe's Companies, Inc.                          | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |        35 | NS      | $7824.95      | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                   | Copart, Inc.                                    | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |       214 | NS      | $9700.62      | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corporation                           | Cintas Corporation                              | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         5 | NS      | $1112.75      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                       | TJX Companies, Inc. (The)                       | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |       169 | NS      | $21045.57     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Hydro One Ltd                                | Hydro One Ltd.                                  | CUSIP: 448811208<br>LEI: 5493007QZDXTP1W2VL44 | Long             | EC               | CORP              | CA        |       176 | NS      | $6224.02      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                                 | Barclays plc                                    | CUSIP: G08036124<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |      1554 | NS      | $7620.18      | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corporation                    | Regal Rexnord Corporation                       | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |        53 | NS      | $8102.64      | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corporation             | Cincinnati Financial Corporation                | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |        18 | NS      | $2655.18      | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                    | Goldman Sachs Group, Inc. (The)                 | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |        77 | NS      | $55716.43     | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                 | NVIDIA Corporation                              | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |       843 | NS      | $149944.41    | 5.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Eisai Co Ltd.                                | Eisai Company Ltd.                              | CUSIP: J12852117<br>LEI: 353800HDEE0ZYEX4QV91 | Long             | EC               | CORP              | JP        |       200 | NS      | $5667.33      | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Embraer S.A.                                 | Embraer S.A.                                    | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |        39 | NS      | $2245.62      | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corporation             | Edwards Lifesciences Corporation                | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |       128 | NS      | $10151.68     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                     | Visa, Inc.                                      | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |        93 | NS      | $32128.71     | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Kao Corp.                                    | Kao Corporation                                 | CUSIP: J30642169<br>LEI: 353800HM38HFCB8RGL63 | Long             | EC               | CORP              | JP        |       100 | NS      | $4516.09      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corporation                            | Loews Corporation                               | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |        23 | NS      | $2082.42      | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                          | Fifth Third Bancorp                             | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |       166 | NS      | $6900.62      | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Aeon Co Ltd.                                 | Aeon Company Ltd.                               | CUSIP: J00288100<br>LEI: 5299009MXFL34SA71416 | Long             | EC               | CORP              | JP        |       300 | NS      | $9615.10      | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Woolworths Group Ltd.                        | Woolworths Group Ltd.                           | CUSIP: Q98418108<br>LEI: QNWEWQBS7HP85QHXQL92 | Long             | EC               | CORP              | AU        |        83 | NS      | $1680.70      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd.                   | Shin-Etsu Chemical Company Ltd.                 | CUSIP: J72810120<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |       100 | NS      | $2914.57      | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc.                            | Crown Castle, Inc.                              | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |       120 | NS      | $12610.80     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                     | Crowdstrike Holdings, Inc.                      | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |        22 | NS      | $10000.54     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company                     | American Express Company                        | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |       111 | NS      | $33223.41     | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                       | Agnico Eagle Mines Ltd.                         | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |        81 | NS      | $10055.43     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co (The)                           | Coca-Cola Company (The)                         | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |        51 | NS      | $3462.39      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                          | Cisco Systems, Inc.                             | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |       436 | NS      | $29682.88     | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ametek, Inc.                                 | AMETEK, Inc.                                    | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |        40 | NS      | $7394.00      | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                             | Novo Nordisk A/S                                | CUSIP: K72807140<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |       277 | NS      | $13319.93     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                      | UDR, Inc.                                       | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |        78 | NS      | $3064.62      | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK plc                                      | GSK plc                                         | CUSIP: G3910J179<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |       256 | NS      | $4794.08      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.                   | Ameriprise Financial, Inc.                      | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |        20 | NS      | $10363.80     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Sika AG                                      | Sika A.G.                                       | CUSIP: H7631K273<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |         8 | NS      | $1896.93      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corporation                | Boston Scientific Corporation                   | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |       224 | NS      | $23502.08     | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp.                     | SBA Communications Corporation                  | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |        73 | NS      | $16404.56     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Taiwan Semiconductor Manufacturing Company Ltd. | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |        29 | NS      | $7006.98      | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                                  | AbbVie, Inc.                                    | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |       131 | NS      | $24761.62     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Verbund AG                                   | Verbund A.G.                                    | CUSIP: A91460104<br>LEI: 5299006UDSEJCTTEJS30 | Long             | EC               | CORP              | AT        |        25 | NS      | $1865.44      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                            | Johnson & Johnson                               | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |       183 | NS      | $30147.42     | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                               | Morgan Stanley                                  | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |        52 | NS      | $7407.92      | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJIFILM Holdings Corp.                      | FUJIFILM Holdings Corporation                   | CUSIP: J14208102<br>LEI: 529900UBKMFM0ST6H474 | Long             | EC               | CORP              | JP        |       400 | NS      | $8371.69      | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co. (The)                            | Hershey Company (The)                           | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |        25 | NS      | $4653.25      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc.                     | Illinois Tool Works, Inc.                       | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |        88 | NS      | $22525.36     | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                | Dynatrace, Inc.                                 | CUSIP: 268150109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       131 | NS      | $6891.91      | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                                    | Nestle S.A.                                     | CUSIP: H57312649<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |       195 | NS      | $17069.04     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Coles Group Ltd.                             | Coles Group Ltd.                                | CUSIP: Q26203408<br>LEI: 549300OHQRG2HN8LZ793 | Long             | EC               | CORP              | AU        |        52 | NS      | $693.07       | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corp.            | Bank of New York Mellon Corporation (The)       | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |       352 | NS      | $35710.40     | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                | Equinix, Inc.                                   | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |        17 | NS      | $13347.89     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                           | Coterra Energy, Inc.                            | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |       310 | NS      | $7560.90      | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Life Financial Inc.                      | Sun Life Financial, Inc.                        | CUSIP: 866796105<br>LEI: 549300V040JZX5S66Z78 | Long             | EC               | CORP              | CA        |       112 | NS      | $6828.64      | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.                  | LPL Financial Holdings, Inc.                    | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |        18 | NS      | $7123.14      | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software Inc.                  | Constellation Software, Inc.                    | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |         7 | NS      | $24149.80     | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                          | Stryker Corporation                             | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |        43 | NS      | $16887.39     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc.           | Take-Two Interactive Software, Inc.             | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |        42 | NS      | $9354.66      | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Danone SA                                    | Danone S.A.                                     | CUSIP: F12033134<br>LEI: 969500KMUQ2B6CBAF162 | Long             | EC               | CORP              | FR        |       279 | NS      | $22898.52     | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Group PLC                            | Ashtead Group plc                               | CUSIP: G05320109<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |        88 | NS      | $5901.53      | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                                      | PTC, Inc.                                       | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |        92 | NS      | $19762.52     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Grainger W W Inc                             | WW Grainger, Inc.                               | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |         6 | NS      | $6237.24      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc.                    | Digital Realty Trust, Inc.                      | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |        27 | NS      | $4763.88      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corporation                     | Kimco Realty Corporation                        | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |       139 | NS      | $2950.97      | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                              | Ross Stores, Inc.                               | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |        24 | NS      | $3276.96      | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Haleon PLC                                   | Haleon plc                                      | CUSIP: G4232K100<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |      1038 | NS      | $4928.17      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                 | Broadcom, Inc.                                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |       187 | NS      | $54921.90     | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                | Intercontinental Exchange, Inc.                 | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |        88 | NS      | $16265.04     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Kikkoman Corp                                | Kikkoman Corporation                            | CUSIP: J32620106<br>LEI: 529900T9K5UH9HXOND47 | Long             | EC               | CORP              | JP        |       300 | NS      | $2634.06      | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion PLC                                 | Allegion plc                                    | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |        31 | NS      | $5143.52      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap Inc                                     | Snap, Inc.                                      | CUSIP: 83304A106<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | EC               | CORP              | US        |       552 | NS      | $5205.36      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                        | Bank of America Corporation                     | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      1356 | NS      | $64098.12     | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries, Inc.                         | PPG Industries, Inc.                            | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |        95 | NS      | $10022.50     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.                   | Constellation Energy Corporation                | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |        10 | NS      | $3478.40      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc                   | Chipotle Mexican Grill, Inc.                    | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       223 | NS      | $9562.24      | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                  | Equinor ASA                                     | CUSIP: R2R90P103<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |       583 | NS      | $15095.65     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills, Inc.                          | General Mills, Inc.                             | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |       131 | NS      | $6416.38      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corporation                            | Dover Corporation                               | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |       110 | NS      | $19925.40     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Sompo Holdings Inc.                          | Sompo Holdings, Inc.                            | CUSIP: J7621A101<br>LEI: 353800CWW4SRGEYEB512 | Long             | EC               | CORP              | JP        |       200 | NS      | $5931.27      | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc.                     | Extra Space Storage, Inc.                       | CUSIP: 30225T102<br>LEI: 529900SDJHKRQWED6A16 | Long             | EC               | CORP              | US        |        32 | NS      | $4299.52      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                       | Applied Materials, Inc.                         | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |        90 | NS      | $16205.40     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Zillow Group Inc                             | Zillow Group, Inc.                              | CUSIP: 98954M200<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |        61 | NS      | $4852.55      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies, Inc.                  | Keysight Technologies, Inc.                     | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |        34 | NS      | $5572.94      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                  | Nutrien Ltd.                                    | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |       154 | NS      | $9137.08      | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.                     | Procter & Gamble Company (The)                  | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |       250 | NS      | $37617.50     | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Emcor Group Inc                              | EMCOR Group, Inc.                               | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |        13 | NS      | $8157.37      | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                 | DoorDash, Inc.                                  | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |         5 | NS      | $1251.25      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Legrand SA                                   | Legrand S.A.                                    | CUSIP: F56196185<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |        42 | NS      | $6231.90      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc.                                  | NetApp, Inc.                                    | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |       150 | NS      | $15619.50     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | Meta Platforms, Inc.                            | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |        95 | NS      | $73476.80     | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-On Incorporated                         | Snap-on, Inc.                                   | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |        15 | NS      | $4817.85      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                 | Fortinet, Inc.                                  | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |        24 | NS      | $2397.60      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| W.R. Berkley Corporation                     | W R Berkley Corporation                         | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |        38 | NS      | $2614.78      | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Symrise AG                                   | Symrise A.G.                                    | CUSIP: D827A1108<br>LEI: 529900D82I6R9601CF26 | Long             | EC               | CORP              | DE        |        29 | NS      | $2632.45      | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                          | TE Connectivity plc                             | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |        14 | NS      | $2880.50      | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                | Alphabet, Inc.                                  | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |       274 | NS      | $52580.60     | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                 | Oracle Corporation                              | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |        21 | NS      | $5329.17      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp.                        | Western Digital Corporation                     | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |       100 | NS      | $7869.00      | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                        | Colgate-Palmolive Company                       | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |       182 | NS      | $15260.70     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Insurance Group Inc.            | Hartford Insurance Group, Inc. (The)            | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |        55 | NS      | $6841.45      | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola, S.A.                              | Iberdrola S.A.                                  | CUSIP: E6165F166<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |       984 | NS      | $17252.02     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollarama Inc                                | Dollarama, Inc.                                 | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |        68 | NS      | $9294.05      | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                                 | Exelon Corporation                              | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |       207 | NS      | $9302.58      | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.                   | Occidental Petroleum Corporation                | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |        60 | NS      | $2636.40      | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc.                     | Lululemon Athletica, Inc.                       | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | CA        |         1 | NS      | $200.53       | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                             | Pure Storage, Inc.                              | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |       105 | NS      | $6249.60      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                        | Camden Property Trust                           | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |        14 | NS      | $1528.80      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP SA                                       | EDP - Energias de Portugal S.A.                 | CUSIP: X67925119<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |       845 | NS      | $3652.85      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.        | International Business Machines Corporation     | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |        38 | NS      | $9619.70      | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                              | Dollar Tree, Inc.                               | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |       110 | NS      | $12490.50     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc.            | American International Group, Inc.              | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |       321 | NS      | $24919.23     | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker, Inc.                 | Stanley Black & Decker, Inc.                    | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |        24 | NS      | $1623.60      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                         | Amphenol Corporation                            | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |       335 | NS      | $35680.85     | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Metro Inc.                                   | Metro, Inc.                                     | CUSIP: 59162N109<br>LEI: 549300KQ7DCG4IXSNW78 | Long             | EC               | CORP              | CA        |        97 | NS      | $7417.11      | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corporation                       | Fair Isaac Corporation                          | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |         7 | NS      | $10057.04     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CGI Inc                                      | CGI, Inc.                                       | CUSIP: 12532H104<br>LEI: 549300WSRCZY73ZG3090 | Long             | EC               | CORP              | CA        |        22 | NS      | $2120.93      | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                        | Robinhood Markets, Inc.                         | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |       108 | NS      | $11129.40     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corporation                       | CMS Energy Corporation                          | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |        94 | NS      | $6937.20      | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation                 | Costco Wholesale Corporation                    | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |        23 | NS      | $21611.72     | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc.                    | Lennox International, Inc.                      | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |         4 | NS      | $2436.00      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                 | Autodesk, Inc.                                  | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |        47 | NS      | $14246.17     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corporation                   | Kimberly-Clark Corporation                      | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |        83 | NS      | $10343.46     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Liquide S.A.(L')                         | Air Liquide S.A.                                | CUSIP: F01764103<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |       248 | NS      | $48931.72     | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Fairfax Financial Holdings Limited           | Fairfax Financial Holdings Ltd.                 | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |         3 | NS      | $5306.21      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                               | Public Storage                                  | CUSIP: 74460D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        26 | NS      | $7070.44      | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                | Netflix, Inc.                                   | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |        29 | NS      | $33622.60     | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| The Sage Group PLC                           | Sage Group plc (The)                            | CUSIP: G7771K142<br>LEI: 2138005RN5XYLTF8G138 | Long             | EC               | CORP              | GB        |       415 | NS      | $6686.48      | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Holcim AG                                    | Holcim A.G.                                     | CUSIP: H3816Q102<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |        75 | NS      | $5999.93      | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp.                             | Brookfield Corporation                          | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |        29 | NS      | $1942.47      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                    | Tesla, Inc.                                     | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       102 | NS      | $31443.54     | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems Incorporated                 | Bentley Systems, Inc.                           | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |       117 | NS      | $6783.66      | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                          | Axon Enterprise, Inc.                           | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |         7 | NS      | $5288.43      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc.                      | Church & Dwight Company, Inc.                   | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |        31 | NS      | $2906.87      | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                        | AECOM                                           | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |        27 | NS      | $3043.98      | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Resona Holdings Inc.                         | Resona Holdings, Inc.                           | CUSIP: J6448E106<br>LEI: 52990067JE75XZCYYT81 | Long             | EC               | CORP              | JP        |       400 | NS      | $3684.50      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPMorgan Chase & Company                        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |        99 | NS      | $29327.76     | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian National Railway Company            | Canadian National Railway Company               | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |       258 | NS      | $24090.68     | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                  | AvalonBay Communities, Inc.                     | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |        53 | NS      | $9872.84      | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                            | Wells Fargo & Company                           | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |       140 | NS      | $11288.20     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                       | Diamondback Energy, Inc.                        | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |        26 | NS      | $3865.16      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                        | Quanta Services, Inc.                           | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |        25 | NS      | $10153.25     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison, Inc.                    | Consolidated Edison, Inc.                       | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |        80 | NS      | $8280.00      | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                                 | 3i Group plc                                    | CUSIP: G88473148<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |       261 | NS      | $14308.12     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp                                 | Nordson Corporation                             | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |         7 | NS      | $1499.47      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                  | Corteva, Inc.                                   | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |        45 | NS      | $3245.85      | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                            | Everest Group Ltd.                              | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |         1 | NS      | $335.80       | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| E.ON SE                                      | E.ON S.E.                                       | CUSIP: D24914133<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | EC               | CORP              | DE        |       377 | NS      | $6868.05      | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                              | Eli Lilly & Company                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |        54 | NS      | $39963.78     | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corporation                    | Realty Income Corporation                       | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |       141 | NS      | $7914.33      | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TOPPAN Holdings Inc                          | Toppan Printing Company Ltd.                    | CUSIP: 890747108<br>LEI: 3538003H9W4KIDODQY20 | Long             | EC               | CORP              | JP        |       100 | NS      | $2714.30      | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                | Alphabet, Inc.                                  | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |       249 | NS      | $48022.14     | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                    | Graco, Inc.                                     | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |        22 | NS      | $1847.56      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc.                       | Waste Connections, Inc.                         | CUSIP: 94106B101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        15 | NS      | $2801.02      | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Amrize Ltd.                                  | Amrize Ltd.                                     | CUSIP: H2927K103<br>LEI: 529900SLCCO6K43P8146 | Long             | EC               | CORP              | US        |        75 | NS      | $3791.27      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                              | Home Depot, Inc. (The)                          | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |        48 | NS      | $17640.48     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc.                                | NiSource, Inc.                                  | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |        23 | NS      | $976.35       | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                                  | PepsiCo, Inc.                                   | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |       329 | NS      | $45375.68     | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.          | Mitsubishi UFJ Financial Group, Inc.            | CUSIP: J44497105<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |      1200 | NS      | $16795.10     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                                   | Airbnb, Inc.                                    | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |       130 | NS      | $17213.30     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC           | Coca-Cola Europacific Partners plc              | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |       109 | NS      | $10564.28     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                    | Linde plc                                       | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | US        |         3 | NS      | $1380.78      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                        | East West Bancorp, Inc.                         | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        37 | NS      | $3709.25      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp.                        | Regency Centers Corporation                     | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |        36 | NS      | $2570.40      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                       | BP plc                                          | CUSIP: G12793108<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |      4496 | NS      | $24032.70     | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust, Inc.                   | Essex Property Trust, Inc.                      | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |        22 | NS      | $5723.96      | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MTU Aero Engines AG                          | MTU Aero Engines A.G.                           | CUSIP: D5565H104<br>LEI: 529900807L67JY81RD65 | Long             | EC               | CORP              | DE        |        42 | NS      | $18137.02     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.                      | UnitedHealth Group, Inc.                        | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |        59 | NS      | $14724.04     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Biomarin Pharmaceutical Inc.                 | BioMarin Pharmaceutical, Inc.                   | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |       107 | NS      | $6189.95      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                                 | Illumina, Inc.                                  | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |         9 | NS      | $924.39       | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiichi Sankyo Co Ltd.                       | Daiichi Sankyo Company Ltd.                     | CUSIP: J11257102<br>LEI: 353800XGIU2IHQGC9504 | Long             | EC               | CORP              | JP        |       600 | NS      | $14801.65     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Nu Holdings Ltd.                             | NU Holdings Ltd./Cayman Islands                 | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | BR        |       412 | NS      | $5034.64      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                  | Shopify, Inc.                                   | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |        37 | NS      | $4522.73      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.                  | Advanced Micro Devices, Inc.                    | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |       245 | NS      | $43195.95     | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                             | Amazon.com, Inc.                                | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |       491 | NS      | $114948.01    | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Companies Inc. (The)                | Williams Companies, Inc. (The)                  | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |       186 | NS      | $11150.70     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corporation                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |       254 | NS      | $135509.00    | 4.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                       | Equitable Holdings, Inc.                        | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |       245 | NS      | $12580.75     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                | Martin Marietta Materials, Inc.                 | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |        12 | NS      | $6898.56      | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.                 | Cadence Design Systems, Inc.                    | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |        52 | NS      | $18957.64     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Orsted A/S                                   | Orsted A/S                                      | CUSIP: K7653Q105<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | EC               | CORP              | DK        |       117 | NS      | $5515.20      | 0.20%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Teck Resources Limited                       | Teck Resources Ltd.                             | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |       261 | NS      | $8463.29      | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                    | KLA Corporation                                 | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |        12 | NS      | $10548.36     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                        | Schneider Electric S.E.                         | CUSIP: F86921107<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |        12 | NS      | $3127.43      | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                 | Mondelez International, Inc.                    | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |       184 | NS      | $11902.96     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                                 | Unilever plc                                    | CUSIP: G92087165<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |        12 | NS      | $698.57       | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                   | Apple, Inc.                                     | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |       424 | NS      | $88009.68     | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc                 | Citizens Financial Group, Inc.                  | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |        17 | NS      | $811.24       | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                                 | General Electric Company                        | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |        50 | NS      | $13554.00     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc.                         | Elevance Health, Inc.                           | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |         5 | NS      | $1415.40      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Astellas Pharma Inc.                         | Astellas Pharma, Inc.                           | CUSIP: J03393105<br>LEI: 529900IB708DY2HBBB35 | Long             | EC               | CORP              | JP        |       100 | NS      | $1046.79      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                  | Cencora, Inc.                                   | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |        14 | NS      | $4005.12      | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

**Name of Applicant:** Westwood LBRTY Global Equity ETF

**Signature:** Daniel D. Bauer

**Name of Signer:** Daniel D. Bauer

**Title:** Treasurer