# EDGAR Filing Document

**Accession Number:** 0001848758
**File Stem:** 0001145549-23-019497
**Filing Date:** 2023-3
**Character Count:** 35064
**Document Hash:** 9083d743c9670aed3c2a9944c327e127
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-019497.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001145549-23-019497

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230228

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**PERIOD START**: 20230531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SHP ETF Trust
- **CENTRAL INDEX KEY:** 0001848758
- **IRS NUMBER:** 861805230
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23645
- **FILM NUMBER:** 23774833

**BUSINESS ADDRESS:**
- **STREET 1:** 2434 ELLIS STREET
- **STREET 2:** SUITE 804
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75204
- **BUSINESS PHONE:** 914.443.5008

**MAIL ADDRESS:**
- **STREET 1:** 2434 ELLIS STREET
- **STREET 2:** SUITE 804
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75204

## Series and Classes Contracts Data

### FIS Biblically Responsible Risk Managed ETF (Series ID: S000075169)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000234008 | FIS Biblically Responsible Risk Managed ETF |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **SHP ETF Trust** | **SHP ETF Trust** | **SHP ETF Trust** |
| **FIS Biblically Responsible Risk Managed ETF** | **FIS Biblically Responsible Risk Managed ETF** | **FIS Biblically Responsible Risk Managed ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| February 28, 2023 (Unaudited) | February 28, 2023 (Unaudited) | February 28, 2023 (Unaudited) |
| **Investments** | **Number of Shares** | **Value** |
| **COMMON STOCKS — 95.1%** |  |  |
| **Auto Components — 1.0%** |  |  |
| Gentex Corp. | 7500 | $214125 |
| **Automobiles — 1.0%** |  |  |
| Toyota Motor Corp. - SP-ADR^ | 1632 | 221821 |
| **Banks — 6.1%** |  |  |
| First Republic Bank | 2400 | 295224 |
| HDFC Bank Ltd. - ADR^ | 5451 | 368706 |
| KeyCorp | 20352 | 372238 |
| Signature Bank | 1164 | 133918 |
| SVB Financial Group\* | 520 | 149817 |
|  |  | 1319903 |
| **Capital Markets — 3.0%** |  |  |
| Brookfield Corp.^ | 7460 | 248045 |
| FactSet Research Systems Inc. | 960 | 397968 |
|  |  | 646013 |
| **Chemicals — 1.8%** |  |  |
| Valvoline, Inc. | 11274 | 396845 |
| **Commercial Services & Supplies — 3.0%** |  |  |
| GFL Environmental Inc.^ | 15749 | 478297 |
| Republic Services, Inc. | 1349 | 173927 |
|  |  | 652224 |
| **Construction Materials — 2.0%** |  |  |
| Holcim Ltd. - ADR^ | 35590 | 438455 |
| **Containers & Packaging — 2.1%** |  |  |
| Graphic Packaging Holding Co. | 19200 | 456960 |
| **Diversified Telecommunication Services — 4.0%** |  |  |
| Cogent Communications Holdings, Inc. | 6240 | 403977 |
| Orange SA - SP-ADR^ | 20064 | 230335 |
| Verizon Communications Inc. | 6017 | 233520 |
|  |  | 867832 |
| **Energy Equipment & Services — 3.4%** |  |  |
| SBM Offshore NV^ | 27733 | 407782 |
| Tenaris SA^ | 9817 | 324059 |
|  |  | 731841 |
| **Food & Staples Retailing — 3.0%** |  |  |
| Casey's General Stores, Inc. | 1920 | 399264 |
| Kroger Co. (The) | 5640 | 243310 |
|  |  | 642574 |
| **Food Products — 0.9%** |  |  |
| Nestle SA - SP-ADR^ | 1824 | 205227 |
| **Health Care Equipment & Supplies — 5.0%** |  |  |
| Edwards Lifesciences Corp.\* | 3168 | 254834 |
| Medtronic plc^ | 4416 | 365645 |
| Zimmer Biomet Holdings, Inc. | 3744 | 463769 |
|  |  | 1084248 |
| **Health Care Providers & Services — 4.3%** |  |  |
| Chemed Corp. | 864 | 450645 |
| Humana Inc. | 960 | 475219 |
|  |  | 925864 |
| **Hotels, Restaurants & Leisure — 3.0%** |  |  |
| Booking Holdings Inc.\* | 192 | 484608 |
| Domino's Pizza, Inc. | 581 | 170820 |
|  |  | 655428 |
| **Household Durables — 1.9%** |  |  |
| Toll Brothers, Inc. | 6852 | 410709 |
| **Household Products — 2.3%** |  |  |
| Colgate-Palmolive Co. | 3168 | 232215 |
| Reckitt Benckiser Group plc^ | 18433 | 260458 |
|  |  | 492673 |
| **Industrial Conglomerates — 1.0%** |  |  |
| Honeywell International Inc. | 1164 | 222883 |
| **Insurance — 3.1%** |  |  |
| AIA Group Ltd.^ | 9641 | 409935 |
| Progressive Corp. (The) | 1829 | 262498 |
|  |  | 672433 |
| **IT Services — 4.1%** |  |  |
| Capgemini SE^ | 1728 | 325919 |
| Fidelity National Information Services, Inc. | 3936 | 249424 |
| GoDaddy, Inc., Class A\* | 4320 | 327067 |
|  |  | 902410 |
| **Leisure Products — 1.4%** |  |  |
| Polaris Inc. | 2772 | 315315 |
| **Life Sciences Tools & Services — 1.0%** |  |  |
| Charles River Laboratories International, Inc.\* | 960 | 210566 |
| **Machinery — 2.4%** |  |  |
| AGCO Corp. | 2113 | 297532 |
| Nordson Corp. | 1043 | 229084 |
|  |  | 526616 |
| **Oil, Gas & Consumable Fuels — 1.8%** |  |  |
| ConocoPhillips | 1825 | 188614 |
| EOG Resources, Inc. | 1818 | 205470 |
|  |  | 394084 |
| **Pharmaceuticals — 2.8%** |  |  |
| Pacira BioSciences, Inc.\* | 6432 | 273810 |
| Zoetis Inc. | 2030 | 339010 |
|  |  | 612820 |
| **Professional Services — 4.8%** |  |  |
| Experian plc^ | 9408 | 319485 |
| FTI Consulting, Inc.\* | 1152 | 211634 |
| ManpowerGroup Inc. | 3360 | 285197 |
| RELX plc - SP-ADR^ | 7776 | 235535 |
|  |  | 1051851 |
| **Real Estate Investment Trust— 1.4%** |  |  |
| Crown Castle, Inc. | 2359 | 308439 |
| **Road & Rail — 2.5%** |  |  |
| Canadian Pacific Railway Ltd.^ | 3360 | 255158 |
| Old Dominion Freight Line, Inc. | 833 | 282604 |
|  |  | 537762 |
| **Semiconductors & Semiconductor Equipment — 6.9%** |  |  |
| NVIDIA Corp. | 2273 | 527700 |
| ON Semiconductor Corp.\* | 5903 | 456951 |
| Skyworks Solutions, Inc. | 3146 | 350999 |
| Taiwan Semiconductor Manufacturing Co., Ltd. - SP-ADR^ | 1920 | 167175 |
|  |  | 1502825 |
| **Software — 6.2%** |  |  |
| Check Point Software Technologies Ltd.\*^ | 2593 | 320806 |
| Nice Ltd. - SP-ADR\*^ | 1283 | 266107 |
| Palo Alto Networks, Inc.\* | 2538 | 478083 |
| ServiceNow, Inc.\* | 680 | 293876 |
|  |  | 1358872 |
| **Specialty Retail — 4.1%** |  |  |
| Lowe's Companies, Inc. | 2218 | 456353 |
| TJX Companies Inc. (The) | 5568 | 426509 |
|  |  | 882862 |
| **Technology Hardware, Storage & Peripherals — 2.1%** |  |  |
| Logitech International SA^ | 4547 | 248039 |
| NetApp, Inc. | 3270 | 211078 |
|  |  | 459117 |
| **Trading Companies & Distributors — 1.0%** |  |  |
| Fastenal Co. | 4168 | 214902 |
| **Wireless Telecommunication Services — 0.7%** |  |  |
| Tele2 AB, Class B^ | 15840 | 146331 |
| **TOTAL COMMON STOCKS** |  |  |
| **(Cost $21,463,443)** |  | **20682830** |
| **SHORT-TERM INVESTMENTS — 4.6%** |  |  |
| **Money Market Fund** |  |  |
| First American Treasury Obligations Fund, Class X, 4.480% (a) | 1004249 | 1004249 |
| **TOTAL SHORT-TERM INVESTMENTS** |  |  |
| **(Cost $1,004,249)** |  | **1004249** |
| **TOTAL INVESTMENTS — 99.7%** |  |  |
| **(Cost $22,467,692)** |  | **21687079** |
| **OTHER ASSETS LESS LIABILITIES — 0.3%** |  | **65644** |
| **NET ASSETS — 100.0%** |  | $**21752723** |

---

---

| | |
|:---|:---|
| \* <br>| Non-income producing security. |
| *^* <br>| Foreign security. |
| <sup>(a)</sup>  | 7-day net yield. |
| ADR - American Depositary Receipt | ADR - American Depositary Receipt |
| SP-ADR - Sponsored American Depositary Receipt | SP-ADR - Sponsored American Depositary Receipt |
| The Global Industry Classification Standard (GICS<sup>®)</sup> was developed by and/or is the exclusive property of Morgan Stanley Capital International, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard (GICS<sup>®)</sup> was developed by and/or is the exclusive property of Morgan Stanley Capital International, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

------

---

| | |
|:---|:---|
| FIS Biblically Responsible Risk Managed ETF invested, as a percentage of net assets, in the following countries as of February 28, 2023: | FIS Biblically Responsible Risk Managed ETF invested, as a percentage of net assets, in the following countries as of February 28, 2023: |
| United States | 71.0% |
| Canada | 4.5% |
| Switzerland | 4.1% |
| United Kingdom | 3.7% |
| Israel | 2.7% |
| France | 2.5% |
| Hong Kong | 1.9% |
| Netherlands | 1.9% |
| India | 1.7% |
| Ireland | 1.7% |
| Luxembourg | 1.5% |
| Japan | 1.0% |
| Taiwan, Province of China | 0.8% |
| Sweden | 0.7% |
| Other<sup>(1)</sup> | 0.3% |
|  | 100.0% |
| <sup>(1)</sup> Includes cash and net other assets (liabilities). |  |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;<br>

---

| |
|:---|
| **SHP ETF Trust** |
| **FIS Biblically Responsible Risk Managed ETF** |
| **Notes to Quarterly Schedule of Investments** |
| February 28, 2023 (Unaudited) |
| **Investment Valuation** |
| The Fund discloses the fair value of their investments in a hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent of the Fund's (observable inputs) and (2) the Fund's' own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the hierarchy are as follows: |
| • **Level 1 —** Quoted prices in active markets for identical assets that the Fund's have the ability to access. |
| **• Level 2 —** Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). |
| **• Level 3 —** Significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). |
| The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. |
| The following is a summary of the inputs used to value the Fund's investments as of February 28, 2023: |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FIS Biblically Responsible Risk Managed ETF** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Investments** | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks \* | $20682830 | $- | $- | $20682830 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Fund | 1004249 | - | - | 1004249 |
| **Total Investments** | $**21687079** | $**-** | $**-** | $**21687079** |
| \* See Schedule of Investments for segregation by industry type. |  |  |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SHP ETF TRUST

- **b. Investment Company Act file number:** 811-23645

- **c. CIK number of Registrant:** 0001848758

- **d. LEI of Registrant:** 549300Q4QMDLLFX8BQ98

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

  - **Street Address 1:** 14785 Preston Road

  - **City:** Dallas

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 75254

  - **Telephone number:** 914-443-5008

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

- **a. Name of Series:** FIS Biblically Responsible Risk Managed ETF

- **b. EDGAR series identifier (if any):** S000075169

- **c. LEI of Series:** 549300T4B2RKIWZ2L947

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

- **a. Date of fiscal year-end:** 2023-05-31

- **b. Date as of which information is reported:** 2023-02-28

**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:** $21764396.64

**Total Liabilities:** $11674.08

**Net Assets:** $21752722.56

**Cash Not Reported:** $46840.43

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234008 | -4.33%               | 7.11%                | -2.08%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $38.70                   | $-956637.86                                |
| Month 2  | $-1246.99                | $1458660.05                                |
| Month 3  | $0.00                    | $-470479.47                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AGCO Corp                      | AGCO Corp                                    | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      2113 | NS      | $297531.53    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                  | AIA Group Ltd                                | CUSIP: 001317205<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |      9641 | NS      | $409935.32    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc           | Booking Holdings Inc                         | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       192 | NS      | $484608.00    | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp                | Brookfield Corp                              | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |      7460 | NS      | $248045.00    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Railway Ltd   | Canadian Pacific Railway Ltd                 | CUSIP: 13645T100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      3360 | NS      | $255158.40    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc     | Casey's General Stores Inc                   | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      1920 | NS      | $399264.00    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories Int | Charles River Laboratories International Inc | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |       960 | NS      | $210566.40    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                    | Chemed Corp                                  | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |       864 | NS      | $450645.12    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogent Communications Holdings | Cogent Communications Holdings Inc           | CUSIP: 19239V302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6240 | NS      | $403977.60    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co           | Colgate-Palmolive Co                         | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |      3168 | NS      | $232214.40    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                 | ConocoPhillips                               | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      1825 | NS      | $188613.75    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc               | Crown Castle Inc                             | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |      2359 | NS      | $308439.25    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc             | Domino's Pizza Inc                           | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |       581 | NS      | $170819.81    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc              | EOG Resources Inc                            | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      1818 | NS      | $205470.36    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corp      | Edwards Lifesciences Corp                    | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |      3168 | NS      | $254833.92    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting Inc             | FTI Consulting Inc                           | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |      1152 | NS      | $211633.92    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc   | FactSet Research Systems Inc                 | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |       960 | NS      | $397968.00    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                    | Fastenal Co                                  | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |      4168 | NS      | $214902.08    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information  | Fidelity National Information Services Inc   | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      3936 | NS      | $249424.32    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund     | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |   1004249 | NS      | $1004248.97   | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| First Republic Bank/CA         | First Republic Bank/CA                       | CUSIP: 33616C100<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EC               | CORP              | US        |      2400 | NS      | $295224.00    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL Environmental Inc          | GFL Environmental Inc                        | CUSIP: 36168Q104<br>LEI: 549300FYK4MBXWIVZU26 | Long             | EC               | CORP              | CA        |     15749 | NS      | $478297.13    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                    | Gentex Corp                                  | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |      7500 | NS      | $214125.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                    | GoDaddy Inc                                  | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |      4320 | NS      | $327067.20    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co   | Graphic Packaging Holding Co                 | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19200 | NS      | $456960.00    | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                  | HDFC Bank Ltd                                | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |      5451 | NS      | $368705.64    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Capgemini SE                   | Capgemini SE                                 | CUSIP: F4973Q101<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |      1728 | NS      | $325918.45    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Holcim AG                      | Holcim AG                                    | CUSIP: 43475E105<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |     35590 | NS      | $438454.56    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc    | Honeywell International Inc                  | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      1164 | NS      | $222882.72    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                     | Humana Inc                                   | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       960 | NS      | $475219.20    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                        | KeyCorp                                      | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |     20352 | NS      | $372238.08    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The                  | Kroger Co/The                                | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      5640 | NS      | $243309.60    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                 | Lowe's Cos Inc                               | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      2218 | NS      | $456353.50    | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup Inc              | ManpowerGroup Inc                            | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |      3360 | NS      | $285196.80    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                      | Nestle SA                                    | CUSIP: 641069406<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      1824 | NS      | $205227.36    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                     | NetApp Inc                                   | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      3270 | NS      | $211078.50    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Nice Ltd                       | Nice Ltd                                     | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |      1283 | NS      | $266107.03    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp                   | Nordson Corp                                 | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |      1043 | NS      | $229084.52    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                  | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      2273 | NS      | $527699.68    | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc  | Old Dominion Freight Line Inc                | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |       833 | NS      | $282603.58    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp          | ON Semiconductor Corp                        | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |      5903 | NS      | $456951.23    | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA                      | Orange SA                                    | CUSIP: 684060106<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |     20064 | NS      | $230334.72    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacira BioSciences Inc         | Pacira BioSciences Inc                       | CUSIP: 695127100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6432 | NS      | $273810.24    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc         | Palo Alto Networks Inc                       | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      2538 | NS      | $478083.06    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc                    | Polaris Inc                                  | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |      2772 | NS      | $315315.00    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The           | Progressive Corp/The                         | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      1829 | NS      | $262498.08    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group PLC    | Reckitt Benckiser Group PLC                  | CUSIP: 756255204<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |     18433 | NS      | $260458.29    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                       | RELX PLC                                     | CUSIP: 759530108<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |      7776 | NS      | $235535.04    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc          | Republic Services Inc                        | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      1349 | NS      | $173926.57    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SVB Financial Group            | SVB Financial Group                          | CUSIP: 78486Q101<br>LEI: 549300D2KJ20JMXE7542 | Long             | EC               | CORP              | US        |       520 | NS      | $149817.20    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                 | ServiceNow Inc                               | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       680 | NS      | $293875.60    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Signature Bank/New York NY     | Signature Bank/New York NY                   | CUSIP: 82669G104<br>LEI: VLP5AP0XK2GM6GKD1007 | Long             | EC               | CORP              | US        |      1164 | NS      | $133918.20    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions Inc         | Skyworks Solutions Inc                       | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |      3146 | NS      | $350999.22    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                | TJX Cos Inc/The                              | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      5568 | NS      | $426508.80    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd    | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      1920 | NS      | $167174.40    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenaris SA                     | Tenaris SA                                   | CUSIP: 88031M109<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |      9817 | NS      | $324059.17    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers Inc              | Toll Brothers Inc                            | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |      6852 | NS      | $410708.88    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Motor Corp              | Toyota Motor Corp                            | CUSIP: 892331307<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |      1632 | NS      | $221821.44    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                  | Valvoline Inc                                | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |     11274 | NS      | $396844.80    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc     | Verizon Communications Inc                   | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      6017 | NS      | $233519.77    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc     | Zimmer Biomet Holdings Inc                   | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |      3744 | NS      | $463769.28    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                     | Zoetis Inc                                   | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      2030 | NS      | $339010.00    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| SBM Offshore NV                | SBM Offshore NV                              | CUSIP: N/A<br>LEI: 549300RDGCRYZ5QE6513       | Long             | EC               | CORP              | NL        |     27733 | NS      | $407782.01    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Experian PLC                   | Experian PLC                                 | CUSIP: G32655105<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | IE        |      9408 | NS      | $319484.75    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Tele2 AB                       | Tele2 AB                                     | CUSIP: N/A<br>LEI: 213800EKD193RVI9HL76       | Long             | EC               | CORP              | SE        |     15840 | NS      | $146330.82    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                  | Medtronic PLC                                | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |      4416 | NS      | $365644.80    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Logitech International SA      | Logitech International SA                    | CUSIP: H50430232<br>LEI: 549300SN6PRK6IJJC215 | Long             | EC               | CORP              | CH        |      4547 | NS      | $248038.85    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technolog | Check Point Software Technologies Ltd        | CUSIP: N/A<br>LEI: 2549003ZVBH73EPNS513       | Long             | EC               | CORP              | IL        |      2593 | NS      | $320805.96    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-29

**Name of Applicant:** SHP ETF TRUST

**Signature:** /s/ Josh Hunter

**Name of Signer:** Josh Hunter

**Title:** Treasurer