# EDGAR Filing Document

**Accession Number:** 0001848758
**File Stem:** 0001145549-23-019498
**Filing Date:** 2023-3
**Character Count:** 40935
**Document Hash:** e5983e27d771dc90fc64cba71189482e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-019498.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001145549-23-019498

**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:** 23774834

**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 Knights of Columbus Global Belief ETF (Series ID: S000071907)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000227524 | FIS Knights of Columbus Global Belief ETF |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **SHP ETF Trust** | **SHP ETF Trust** | **SHP ETF Trust** |
| **FIS Knights of Columbus Global Belief ETF** | **FIS Knights of Columbus Global Belief ETF** | **FIS Knights of Columbus Global Belief 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 — 92.5%** |  |  |
| **Auto Components — 0.7%** |  |  |
| Magna International, Inc.^ | 2444 | $136521 |
| **Automobiles — 2.2%** |  |  |
| Mercedes-Benz Group AG^ | 3036 | 233910 |
| Tesla, Inc.\* | 853 | 175471 |
|  |  | 409381 |
| **Banks — 7.9%** |  |  |
| Bank of Montreal^ | 2314 | 219800 |
| BNP Paribas SA^ | 2820 | 197829 |
| CaixaBank SA^ | 48000 | 206263 |
| Citizens Financial Group, Inc. | 4984 | 208132 |
| KB Financial Group, Inc.^ | 4272 | 164600 |
| United Overseas Bank Ltd.^ | 10235 | 227487 |
| Wells Fargo & Co. | 5052 | 236282 |
|  |  | 1460393 |
| **Beverages — 1.2%** |  |  |
| Pernod Ricard SA^ | 1045 | 219096 |
| **Biotechnology — 1.3%** |  |  |
| Horizon Therapeutics plc\*^ | 2184 | 239126 |
| **Capital Markets — 0.9%** |  |  |
| Franklin Resources, Inc. | 5874 | 173107 |
| **Chemicals — 2.6%** |  |  |
| Chemours Co. (The) | 3295 | 112623 |
| Nutrien Ltd.^ | 1961 | 153141 |
| Shin-Ltsu Chemical Co., Ltd.^ | 1540 | 216503 |
|  |  | 482267 |
| **Construction & Engineering — 3.4%** |  |  |
| AECOM | 2201 | 190078 |
| Quanta Services, Inc. | 1201 | 193842 |
| Stantec, Inc.^ | 4183 | 243523 |
|  |  | 627443 |
| **Consumer Finance — 1.3%** |  |  |
| American Express Co. | 1355 | 235757 |
| **Diversified Financial Services — 1.9%** |  |  |
| Berkshire Hathaway, Inc. Class B\* | 1157 | 353093 |
| **Diversified Telecommunication Services — 1.0%** |  |  |
| Nippon Telegraph & Telephone Corp.^ | 6100 | 176755 |
| **Electric Utilities — 1.6%** |  |  |
| Entergy Corp. | 1205 | 123958 |
| Exelon Corp. | 4450 | 179736 |
|  |  | 303694 |
| **Electrical Equipment — 0.8%** |  |  |
| Fuji Electric Co. Ltd.^ | 4005 | 154655 |
| **Food & Staples Retailing — 0.9%** |  |  |
| BJ's Wholesale Club Holdings, Inc.\* | 2194 | 157529 |
| **Food Products — 3.8%** |  |  |
| Darling Ingredients, Inc.\* | 2710 | 171462 |
| General Mills, Inc. | 2035 | 161803 |
| Nestle SA^ | 3313 | 374972 |
|  |  | 708237 |
| **Health Care Equipment & Supplies — 2.5%** |  |  |
| Hoya Corp.^ | 1604 | 158616 |
| ICU Medical, Inc.\* | 767 | 130881 |
| Sonova Holding AG^ | 731 | 180322 |
|  |  | 469819 |
| **Health Care Providers & Services — 0.9%** |  |  |
| Quest Diagnostics Inc. | 1152 | 159391 |
| **Hotels, Restaurants & Leisure — 1.0%** |  |  |
| Darden Restaurants, Inc. | 1246 | 178166 |
| **Insurance — 1.8%** |  |  |
| Hartford Financial Services Group, Inc. (The) | 2473 | 193586 |
| MAPFRE, SA\*^ | 67000 | 144097 |
|  |  | 337683 |
| **Interactive Media & Services — 5.0%** |  |  |
| Alphabet, Inc. Class A\* | 3649 | 328629 |
| Baidu, Inc.\*^ | 9167 | 157426 |
| Meta Platforms, Inc., Class A\* | 1664 | 291100 |
| Tencent Holdings Ltd.^ | 3150 | 137886 |
|  |  | 915041 |
| **Internet & Direct Marketing Retail — 2.5%** |  |  |
| Alibaba Group Holding Ltd.\*^ | 9200 | 101382 |
| Meituan, Class B\*^ (b) | 315 | 5462 |
| MercadoLibre, Inc.\* | 167 | 203740 |
| PDD Holdings Inc.\* | 1630 | 143000 |
|  |  | 453584 |
| **IT Services — 3.8%** |  |  |
| Accenture plc^ | 890 | 236339 |
| Infosys Ltd.^ | 9237 | 165712 |
| Visa, Inc. | 1335 | 293620 |
|  |  | 695671 |
| **Machinery — 1.4%** |  |  |
| Caterpillar, Inc. | 1068 | 255839 |
| **Marine — 1.5%** |  |  |
| A.P. Moller - Maersk A/S^ | 70 | 163679 |
| COSCO SHIPPING Holdings Co., Ltd.^ | 107789 | 111778 |
|  |  | 275457 |
| **Metals & Mining — 2.1%** |  |  |
| BHP Group Ltd.^ | 5874 | 179043 |
| Boliden AB^ | 4895 | 201905 |
|  |  | 380948 |
| **Multiline Retail — 0.9%** |  |  |
| Target Corp. | 1019 | 171702 |
| **Multi-Utilities — 1.2%** |  |  |
| Veolia Environnement SA^ | 7064 | 212081 |
| **Oil, Gas & Consumable Fuels — 5.8%** |  |  |
| Canadian Natural Resources Ltd.^ | 3486 | 197441 |
| Cheniere Energy, Inc. | 1082 | 170242 |
| ConocoPhillips | 1933 | 199776 |
| Equinor ASA^ | 5418 | 167647 |
| Pioneer Natural Resources Co. | 710 | 142291 |
| Woodside Energy Group Ltd.^ | 7671 | 185760 |
|  |  | 1063157 |
| **Paper & Forest Products — 0.9%** |  |  |
| Suzano SA^ | 17500 | 159775 |
| **Personal Products — 1.9%** |  |  |
| Natura & Co. Holding SA^ | 17200 | 100792 |
| Unilever plc^ | 5032 | 251966 |
|  |  | 352758 |
| **Pharmaceuticals — 4.8%** |  |  |
| Bristol-Myers Squibb Co. | 3560 | 245497 |
| Eli Lilly & Co. | 979 | 304684 |
| Ipsen SA\*^ | 1780 | 204060 |
| Ono Pharmaceutical Co Ltd.^ | 6700 | 136740 |
|  |  | 890981 |
| **Real Estate Investment Trust — 0.9%** |  |  |
| VICI Properties Inc. | 4814 | 161413 |
| **Real Estate Management & Development — 1.0%** |  |  |
| CK Asset Holdings Ltd.^ | 28678 | 179751 |
| **Road & Rail — 1.0%** |  |  |
| CSX Corp. | 6201 | 189069 |
| **Semiconductors & Semiconductor Equipment — 5.1%** |  |  |
| ASML Holding NV^ | 380 | 235347 |
| Broadcom, Inc. | 460 | 273373 |
| NVIDIA Corp. | 688 | 159726 |
| Taiwan Semiconductor Manufacturing Co., Ltd. - SP-ADR^ | 3204 | 278972 |
|  |  | 947418 |
| **Software — 5.2%** |  |  |
| Microsoft Corp. | 3204 | 799142 |
| ServiceNow, Inc.\* | 356 | 153852 |
|  |  | 952994 |
| **Specialty Retail — 1.2%** |  |  |
| Tractor Supply Co. | 940 | 219264 |
| **Technology Hardware, Storage & Peripherals — 3.8%** |  |  |
| Apple Inc. | 4788 | 705799 |
| **Textiles, Apparel & Luxury Goods — 2.9%** |  |  |
| Deckers Outdoor Corp.\* | 566 | 235654 |
| LVMH Moet Hennessy Louis Vuitton SE\*^ | 364 | 304572 |
|  |  | 540226 |
| **Trading Companies & Distributors — 1.0%** |  |  |
| Ferguson plc^ | 1225 | 177150 |
| **Wireless Telecommunication Services — 0.9%** |  |  |
| MTN Group Ltd.^ | 20234 | 159623 |
| **TOTAL COMMON STOCKS** |  |  |
| **(Cost $17,792,266)** |  | **17041814** |
| **SHORT-TERM INVESTMENTS — 7.2%** |  |  |
| **Money Market Fund** |  |  |
| First American Treasury Obligations Fund, Class X, 4.480% (a) | 1329277 | 1329277 |
| **TOTAL SHORT-TERM INVESTMENTS** |  |  |
| **(Cost $1,329,277)** |  | **1329277** |
| **TOTAL INVESTMENTS — 99.7%** |  |  |
| **(Cost $19,121,543)** |  | **18371091** |
| **OTHER ASSETS LESS LIABILITIES — 0.3%** |  | **55296** |
| **NET ASSETS — 100.0%** |  | $**18426387** |

---

---

| | |
|:---|:---|
| \* <br>| Non-income producing security. |
| *^* <br>| Foreign security. |
| <sup>(a)</sup>  | 7-day net yield. |
| <sup>(b)</sup>  | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "qualified institutional buyers." These securities have been deemed to be liquid by the Fund's adviser under the supervision of the Board of Trustees. As of February 28, 2023, the value of these investments was $5,462 or 0.03% of total net assets. |
| 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 Knights of Columbus Global Belief ETF invested, as a percentage of net assets, in the following countries as of February 28, 2023: | FIS Knights of Columbus Global Belief ETF invested, as a percentage of net assets, in the following countries as of February 28, 2023: |
| United States | 55.2% |
| France | 6.2% |
| Canada | 5.1% |
| Japan | 4.6% |
| Cayman Islands | 3.9% |
| Switzerland | 3.0% |
| Ireland | 2.6% |
| Australia | 2.0% |
| Spain | 1.9% |
| Taiwan, Province of China | 1.5% |
| Brazil | 1.4% |
| United Kingdom | 1.4% |
| Netherlands | 1.3% |
| Germany | 1.3% |
| Singapore | 1.2% |
| Sweden | 1.1% |
| Jersey, Province of the United Kingdom | 0.9% |
| Norway | 0.9% |
| India | 0.9% |
| Denmark | 0.9% |
| South Korea | 0.9% |
| South Africa | 0.9% |
| China | 0.6% |
| Other<sup>(1)</sup> | 0.3% |
|  | 100.0% |
| <sup>(1)</sup> Includes cash and net other assets (liabilities). |  |

---

------

---

| |
|:---|
| **SHP ETF Trust** |
| **FIS Knights of Columbus Global Belief 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 Knights of Columbus Global Belief ETF** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Investments** | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks \* | $17041814 | $- | $- | $17041814 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Fund | 1329277 | - | - | 1329277 |
| **Total Investments** | $**18371091** | $**-** | $**-** | $**18371091** |
| \* 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 Knights of Columbus Global Belief ETF

- **b. EDGAR series identifier (if any):** S000071907

- **c. LEI of Series:** 549300HX3NK7DRNCRF78

**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:** $18602982.02

**Total Liabilities:** $176595.64

**Net Assets:** $18426386.38

**Cash Not Reported:** $1822.89

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227524 | -4.44%               | 7.42%                | -2.86%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-602929.06              | $-242911.46                                |
| Month 2  | $32.07                   | $1296656.32                                |
| Month 3  | $-452904.16              | $-100290.96                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Unilever PLC                   | Unilever PLC                              | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |      5032 | NS      | $251965.52    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Mapfre SA                      | Mapfre SA                                 | CUSIP: N/A<br>LEI: 95980020140005693107       | Long             | EC               | CORP              | ES        |     67000 | NS      | $144096.72    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CaixaBank SA                   | CaixaBank SA                              | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |     48000 | NS      | $206263.32    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                | ASML Holding NV                           | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |       380 | NS      | $235346.52    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                    | Nutrien Ltd                               | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |      1961 | NS      | $153140.78    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Meituan                        | Meituan                                   | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | CN        |       315 | NS      | $5461.69      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson PLC                   | Ferguson PLC                              | CUSIP: N/A<br>LEI: 213800DU1LGY3R2S2X42       | Long             | EC               | CORP              | GB        |      1225 | NS      | $177150.42    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd      | Alibaba Group Holding Ltd                 | CUSIP: G01719114<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |      9200 | NS      | $101382.25    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Boliden AB                     | Boliden AB                                | CUSIP: N/A<br>LEI: 21380059QU7IM1ONDJ56       | Long             | EC               | CORP              | SE        |      4895 | NS      | $201904.79    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodside Energy Group Ltd      | Woodside Energy Group Ltd                 | CUSIP: N/A<br>LEI: 2549005ZC5RXAOO7FH41       | Long             | EC               | CORP              | AU        |      7671 | NS      | $185760.17    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd           | Tencent Holdings Ltd                      | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | CN        |      3150 | NS      | $137886.49    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| CK Asset Holdings Ltd          | CK Asset Holdings Ltd                     | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | HK        |     28678 | NS      | $179751.27    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                  | Accenture PLC                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |       890 | NS      | $236339.50    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Therapeutics Plc       | Horizon Therapeutics Plc                  | CUSIP: N/A<br>LEI: 529900P0GSQ79OOZEV53       | Long             | EC               | CORP              | US        |      2184 | NS      | $239126.16    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1664 | NS      | $291100.16    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund  | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |   1327211 | NS      | $1327210.66   | 7.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources Inc         | Franklin Resources Inc                    | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |      5874 | NS      | $173106.78    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc              | General Mills Inc                         | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |      2035 | NS      | $161802.85    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Veolia Environnement SA        | Veolia Environnement SA                   | CUSIP: F9686M107<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |      7064 | NS      | $212081.06    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH MOET HENNESSY EUR0.30     | LVMH MOET HENNESSY EUR0.30                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FR        |       364 | NS      | $304571.82    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Financial Services Gr | Hartford Financial Services Group Inc/The | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      2473 | NS      | $193586.44    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AP Moller - Maersk A/S         | AP Moller - Maersk A/S                    | CUSIP: K0514G101<br>LEI: 549300D2K6PKKKXVNN73 | Long             | EC               | CORP              | DK        |        70 | NS      | $163679.11    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical Inc                | ICU Medical Inc                           | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |       767 | NS      | $130880.88    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                    | Infosys Ltd                               | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |      9237 | NS      | $165711.78    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Pernod Ricard SA               | Pernod Ricard SA                          | CUSIP: F72027109<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |      1045 | NS      | $219095.92    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group Inc         | KB Financial Group Inc                    | CUSIP: 48241A105<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |      4272 | NS      | $164600.16    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                 | Eli Lilly & Co                            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       979 | NS      | $304684.38    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG         | Mercedes-Benz Group AG                    | CUSIP: D1668R123<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |      3036 | NS      | $233909.96    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc               | MercadoLibre Inc                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |       167 | NS      | $203740.00    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      3204 | NS      | $799141.68    | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                  | BHP Group Ltd                             | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |      5874 | NS      | $179043.10    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Fuji Electric Co Ltd           | Fuji Electric Co Ltd                      | CUSIP: N/A<br>LEI: 5299000HVNGZZTYYM906       | Long             | EC               | CORP              | JP        |      4005 | NS      | $154654.77    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Natura & Co Holding SA         | Natura & Co Holding SA                    | CUSIP: 63884N108<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     17200 | NS      | $100792.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoya Corp                      | Hoya Corp                                 | CUSIP: J22848105<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |      1604 | NS      | $158616.01    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| MTN Group Ltd                  | MTN Group Ltd                             | CUSIP: S8039R108<br>LEI: 2549009JD6Q6XHZS5E05 | Long             | EC               | CORP              | ZA        |     20234 | NS      | $159623.32    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| NTT                            | Nippon Telegraph & Telephone Corp         | CUSIP: N/A<br>LEI: 353800VHQU5VIXVUA841       | Long             | EC               | CORP              | JP        |      6100 | NS      | $176755.13    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Ono Pharmaceutical Co Ltd      | Ono Pharmaceutical Co Ltd                 | CUSIP: N/A<br>LEI: 529900G26L4NG4GFJZ86       | Long             | EC               | CORP              | JP        |      6700 | NS      | $136739.71    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                          | AECOM                                     | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |      2201 | NS      | $190078.36    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      3649 | NS      | $328628.94    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co            | American Express Co                       | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      1355 | NS      | $235756.45    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      4788 | NS      | $705799.08    | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings I | BJ's Wholesale Club Holdings Inc          | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      2194 | NS      | $157529.20    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |       688 | NS      | $159726.08    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd      | Shin-Etsu Chemical Co Ltd                 | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |      1540 | NS      | $216503.32    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| United Overseas Bank Ltd       | United Overseas Bank Ltd                  | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |     10235 | NS      | $227486.68    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                      | Nestle SA                                 | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |      3313 | NS      | $374972.57    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                    | Equinor ASA                               | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |      5418 | NS      | $167647.45    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonova Holding AG              | Sonova Holding AG                         | CUSIP: N/A<br>LEI: 5299004A0QNX7FBNHS61       | Long             | EC               | CORP              | CH        |       731 | NS      | $180322.43    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings Inc               | PDD Holdings Inc                          | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | CN        |      1630 | NS      | $142999.90    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Co   | Pioneer Natural Resources Co              | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |       710 | NS      | $142291.10    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                 | BNP Paribas SA                            | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |      2820 | NS      | $197829.15    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc            | Quanta Services Inc                       | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      1201 | NS      | $193841.40    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc          | Quest Diagnostics Inc                     | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      1152 | NS      | $159390.72    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                 | ServiceNow Inc                            | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       356 | NS      | $153852.52    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzano SA                      | Suzano SA                                 | CUSIP: 86959K105<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |     17500 | NS      | $159775.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      3204 | NS      | $278972.28    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                    | Target Corp                               | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      1019 | NS      | $171701.50    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                                 | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       853 | NS      | $175470.63    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co              | Tractor Supply Co                         | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |       940 | NS      | $219264.40    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc            | VICI Properties Inc                       | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |      4814 | NS      | $161413.42    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1335 | NS      | $293619.90    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co               | Wells Fargo & Co                          | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      5052 | NS      | $236282.04    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| COSCO SHIPPING Holdings Co Ltd | COSCO SHIPPING Holdings Co Ltd            | CUSIP: N/A<br>LEI: 3003009XI0QGYYA29S17       | Long             | EC               | CORP              | CN        |    107789 | NS      | $111778.13    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc                      | Baidu Inc                                 | CUSIP: N/A<br>LEI: 254900AL64IANZYI1E02       | Long             | EC               | CORP              | CN        |      9167 | NS      | $157425.52    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Ipsen SA                       | Ipsen SA                                  | CUSIP: F5362H107<br>LEI: 549300M6SGDPB4Z94P11 | Long             | EC               | CORP              | FR        |      1780 | NS      | $204059.60    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc         | Berkshire Hathaway Inc                    | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      1157 | NS      | $353093.26    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co        | Bristol-Myers Squibb Co                   | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      3560 | NS      | $245497.60    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |       460 | NS      | $273373.40    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                       | CSX Corp                                  | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |      6201 | NS      | $189068.49    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                | Caterpillar Inc                           | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      1068 | NS      | $255839.40    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemours Co/The                | Chemours Co/The                           | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |      3295 | NS      | $112623.10    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc            | Cheniere Energy Inc                       | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      1082 | NS      | $170241.88    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc   | Citizens Financial Group Inc              | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |      4984 | NS      | $208131.84    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Montreal               | Bank of Montreal                          | CUSIP: 063671101<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | EC               | CORP              | CA        |      2314 | NS      | $219799.83    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                 | ConocoPhillips                            | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      1933 | NS      | $199775.55    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd | Canadian Natural Resources Ltd            | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |      3486 | NS      | $197440.57    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants Inc         | Darden Restaurants Inc                    | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |      1246 | NS      | $178165.54    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients Inc        | Darling Ingredients Inc                   | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |      2710 | NS      | $171461.70    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp           | Deckers Outdoor Corp                      | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |       566 | NS      | $235654.10    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International Inc        | Magna International Inc                   | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |      2444 | NS      | $136520.77    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Stantec Inc                    | Stantec Inc                               | CUSIP: 85472N109<br>LEI: 549300MZ7NGUZDCP2T16 | Long             | EC               | CORP              | CA        |      4183 | NS      | $243523.14    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                   | Entergy Corp                              | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      1205 | NS      | $123958.35    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                    | Exelon Corp                               | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |      4450 | NS      | $179735.50    | 0.98%             |  |  |  | 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