Applied Finance IVS International Large ETF

IVSI
Inception Date:
12/10/2025
Management Style:
Active
CUSIP:
26923W207
Total Gross Expense Ratio:
0.650%
Asset Class:
Equity
Exchange:
NASDAQ
Advisor:
Applied Finance Advisors
As Of Date:
10/22/2026
NAV ($):
$29.01
Market Price ($):
$28.97
Premium / Discount:
-0.120
30 Day Median Bid/Ask Spread:
0.002091
Shares Outstanding:
325,000
Total Net Assets:
$9,428,250.00

Quarter End Performance
As of 9/30/2026 YTD 1m 3m 6m 1y Since Inception
IVSI NAV 12.19% -3.97% 0.32% 11.06% 14.70%
IVSI Market Price 11.90% -4.03% -0.30% 9.00% 14.34%

The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call 833-356-0909. The Fund’s total expense ratio is 0.65%

NAV returns are based on the fund’s reported net asset value (NAV). NAV is typically calculated at 4:00 pm Eastern time on each business day NASDAQ is open for trading. Market price performance is based on the trade price at which shares are bought and sold on NASDAQ using the last share trade. Performance of less than one year is cumulative.

Premium Discount
Number of Days at 2026 Cumul. Q4 2026 Q3 2026 Q2 2026 Q1 2026 2025 Cumul. Q4 2025 Q3 2025 Q2 2025 Q1 2025
Premium 121 8 37 41 35 11 11
NAV 2 0 1 0 1 1 1
Discount 80 8 26 21 25 3 3

Premium - The number of trading days the ETF's closing price exceeds its NAV.
NAV - This is determined by adding up the value of all the assets in the fund, including assets and cash, subtracting any liabilities, and then dividing that value by the number of outstanding shares in the ETF.
Discount - The number of trading days the ETF's closing price is below its NAV.

From 1/1/2025 to 10/22/2026 :
Days traded at Premium
Days traded at NAV
Days traded at Discount
As of Date Discount Premium As of Date

Holdings
As Of Date Ticker Name Weight Market Value FIGI Shares Held
10/22/2026 1605 Inpex Corporation 0.23% 21,449.67 BBG000DJ3642 859
10/22/2026 2689323D UNIPOL ASSICURAZIONI SPA RIGHT 0.01% 546.46 670
10/22/2026 285A JP KIOXIA HOLDINGS CORP 0.68% 64,313.87 BBG00Q52G5J3 801
10/22/2026 4063 SHIN ETSU CHEMICAL CO LTD 0.45% 42,068.96 BBG000BG24K8 1,137
10/22/2026 4307 NOMURA RESEARCH INSTITUTE LT 0.23% 21,839.38 BBG000KPFMH8 553
10/22/2026 4503 ASTELLAS PHARMA INC 0.25% 23,865.66 BBG000BCLDW3 1,505
10/22/2026 4568 DAIICHI SANKYO CO LTD 0.17% 15,876.37 BBG000BWPLT1 878
10/22/2026 4578 OTSUKA HOLDINGS CO LTD 0.16% 15,250.28 BBG000DZLC98 193
10/22/2026 5108 BRIDGESTONE CORP 0.18% 17,237.36 BBG000BG87J7 677
10/22/2026 5802 SUMITOMO ELECTRIC INDUSTRIES 0.10% 9,721.33 BBG000BLBD45 812
10/22/2026 6098 RECRUIT HOLDINGS CO LTD 1.64% 154,876.65 BBG000F2BCY2 1,267
10/22/2026 6146 DISCO CORP 0.16% 15,022.98 BBG000BKFJQ6 46
10/22/2026 6301 Komatsu Ltd 0.23% 21,660.55 BBG000BGGD50 501
10/22/2026 6367 DAIKIN INDS 0.28% 26,816.12 BBG000BLNXT1 198
10/22/2026 6503 MITSUBISHI ELECTRIC CORP 0.21% 19,540.80 BBG000BGHX91 628
10/22/2026 6701 NEC CORP 0.22% 21,204.52 BBG000BGJMB0 599
10/22/2026 6702 FUJITSU LTD 0.27% 25,916.53 BBG000BGJWM6 889
10/22/2026 6723 RENESAS ELECTRONICS CORP 0.09% 8,243.50 BBG000MHQMB8 443
10/22/2026 6752 PANASONIC CORP 0.14% 13,279.57 BBG000C267K7 563
10/22/2026 6758 SONY GROUP CORPORA 0.19% 17,690.88 BBG000C26F38 680
10/22/2026 6762 TDK CORP 0.16% 14,747.56 BBG000C26MP9 832
10/22/2026 6857 Advantest Corp 0.71% 67,065.63 BBG000BGN014 325
10/22/2026 6861 Keyence Corp 0.42% 39,958.44 BBG000BQF869 78
10/22/2026 6902 DENSO CORP 0.22% 21,126.82 BBG000BGN9N1 1,788
10/22/2026 6920 LASERTEC CORP 0.12% 11,635.80 BBG000BMRC48 49
10/22/2026 7182 JAPAN POST BANK CO LTD 0.16% 15,477.51 BBG000C2T2X9 805
10/22/2026 7203 TOYOTA MOTOR CORP 0.53% 49,995.93 BBG000BCM915 2,543
10/22/2026 7269 SUZUKI MOTOR CORP 0.26% 24,077.81 BBG000BGQTF3 1,851
10/22/2026 7751 CANON INC 0.26% 24,261.28 BBG000BBZM32 777
10/22/2026 7974 NINTENDO CO LTD 0.21% 19,686.64 BBG000BLCPP4 355
10/22/2026 8001 ITOCHU CORP 0.82% 77,643.31 BBG000B9WJ55 5,234
10/22/2026 8002 MARUBENI CORP 0.34% 32,378.41 BBG000B9Y8X6 1,024
10/22/2026 8015 TOYOTA TSUSHO CORP 0.28% 26,681.73 BBG000BDGFD3 571
10/22/2026 8035 TOKYO ELECTRON LTD 0.57% 53,555.92 BBG000BB59S7 889
10/22/2026 8053 SUMITOMO CORP 0.19% 17,788.53 BBG000BB6ZY1 1,639
10/22/2026 8058 Mitsubishi Corporation 0.12% 11,615.72 BBG000BB8GZ0 380
10/22/2026 8306 MITSUBISHI UFJ FINANCIAL GRO 2.35% 221,218.40 BBG000D2VLF3 10,288
10/22/2026 8309 SM TRUST HD 0.18% 17,252.89 BBG000LN14V1 1,667
10/22/2026 8316 SUMITOMO MITSUI FINANCIAL GR 1.39% 131,477.28 BBG000PJ4DL4 6,504
10/22/2026 8591 ORIX CORP 0.37% 34,619.77 BBG000BN25M8 942
10/22/2026 8630 SOMPO HOLDINGS I 0.42% 39,235.78 BBG000QDQHZ8 880
10/22/2026 8725 MS&AD INSURANCE GROUP HOLDIN 0.50% 47,150.77 BBG000MD5MH4 1,421
10/22/2026 8750 DAI-ICHI LIFE INSURANCE 0.50% 47,408.04 BBG000HRVPM7 4,076
10/22/2026 8766 TOKIO MARINE HOLDINGS INC 0.96% 90,438.88 BBG000BBN738 24,841
10/22/2026 8795 T&D HOLDINGS INC 0.14% 12,939.92 BBG000BVF804 422
10/22/2026 8801 MITSUI FUDOSAN CO LTD 0.13% 12,696.47 BBG000BGXQ34 1,287
10/22/2026 8830 SUMITOMO REALTY & DEVELOPMEN 0.23% 21,431.29 BBG000BGY432 1,036
10/22/2026 9022 CENTRAL JAPAN RAILWAY CO 0.13% 12,394.86 BBG000JD6QG9 496
10/22/2026 9433 KDDI CORP 0.52% 48,637.76 BBG000BJ7JH8 2,625
10/22/2026 9434 SOFTBANK CORP 0.88% 82,939.91 BBG00MJLWHH3 52,759
10/22/2026 9531 TOKYO GAS CO LTD 0.14% 12,959.78 BBG000BNDP42 326
10/22/2026 9983 FAST RETAILING CO LTD 0.42% 40,001.27 BBG000CLY9H4 84
10/22/2026 AAF AIRTEL AFRICA PLC 0.23% 21,933.27 BBG00MCFH5X8 5,846
10/22/2026 AAL LN ANGLO AMERICAN-ORD NPV 0.30% 28,366.61 BBG000BWF7M0 584
10/22/2026 ABBN ABB LTD-REG 0.61% 57,604.78 BBG000DM2M32 686
10/22/2026 AD KONINKLIJKE AHOLD DELHAIZE N 0.26% 24,179.53 BBG000BBBBR6 655
10/22/2026 ADDT B ADDTECH AB-B SHARES 0.10% 9,834.44 BBG000D22MJ9 316
10/22/2026 ADM ADMIRAL GROUP PLC 0.13% 12,568.56 BBG000PG2G17 242
10/22/2026 ADS adidas AG 0.13% 11,949.52 BBG000FR1Q22 67
10/22/2026 ADYEN ADYEN NV COMMON STOCK EUR.01 0.31% 28,904.99 BBG00L088N79 27
10/22/2026 AENA AENA SME SA 0.14% 13,611.67 BBG00844B7K9 460
10/22/2026 AER AERCAP HOLDINGS NV 0.19% 18,016.96 BBG000Q9FZL4 122
10/22/2026 AI Air Liquide SA 0.28% 26,479.96 BBG000BLGLP9 136
10/22/2026 AIR Airbus Group SE 0.46% 43,478.65 BBG000CSHL18 199
10/22/2026 ALL Aristocrat Leisure Ltd 0.24% 22,743.98 BBG000G2SMB6 513
10/22/2026 ALV Allianz SE 1.66% 156,250.36 BBG000BBF8T7 322
10/22/2026 AM DASSAULT AVIATION SA 0.15% 14,161.75 BBG000BBR565 42
10/22/2026 AMS AMADEUS IT GROUP SA 0.37% 34,796.86 BBG000QSDXN7 545
10/22/2026 ASM ASM INTERNATIONAL NV 0.19% 17,501.29 BBG000F5L3Q3 22
10/22/2026 ASML ASML HOLDING NV 4.63% 436,310.04 BBG000C1HSN8 274
10/22/2026 ASSABS Assa Abloy AB 1.03% 96,814.21 BBG000BGRXM5 2,627
10/22/2026 ATCO A ATLAS COPCO AB-A SHS 0.93% 87,513.60 BBG000BB5SQ7 4,872
10/22/2026 AZN ASTRAZENECA PLC 2.26% 213,231.68 BBG000C0YGB0 1,226
10/22/2026 BA. BAE SYSTEMS 0.49% 46,277.16 BBG000BD5T18 1,789
10/22/2026 BAMI BANCO BPM SPA 0.12% 10,904.87 BBG00FN3BWH3 751
10/22/2026 BATS BRITISH AMERICAN TOBACCO PLC 1.52% 143,734.32 BBG000BG9MW8 2,396
10/22/2026 BAYN Bayer AG 0.29% 27,175.64 BBG000BBWDG1 548
10/22/2026 BBVA Banco Bilbao Vizcaya Argentaria S.A. 0.88% 82,860.92 BBG000H90QG6 3,329
10/22/2026 BEI Beiersdorf AG 0.12% 10,964.28 BBG000BBKL21 119
10/22/2026 BHP BHP GROUP LTD COMMON STOCK 2.96% 278,712.27 BBG000D0D358 6,950
10/22/2026 BMED BANCA MEDIOLANUM SPA 0.15% 14,333.68 BBG000F0TLL1 572
10/22/2026 BMPS BANCA MONTE DEI PASCHI SIENA 0.20% 19,203.77 BBG000KJYKZ5 1,620
10/22/2026 BNZL BUNZL PLC 0.26% 24,135.71 BBG000BD7MQ4 647
10/22/2026 BP. BP PLC 0.40% 38,125.89 BBG000C059M6 4,650
10/22/2026 BPE BPER BANCA 0.17% 16,372.04 BBG000BJ5F24 1,141
10/22/2026 BTL BT GROUP PLC 0.12% 11,587.76 BBG000C05R19 4,085
10/22/2026 BXB Brambles Limited 0.16% 15,394.21 BBG000Q8XH27 1,033
10/22/2026 Cash&Other Cash & Other 0.27% 25,838.30 25,838
10/22/2026 CCEP COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK 0.58% 54,487.71 BBG00B6BFWH9 477
10/22/2026 CFR CIE FINANCIERE RICHEMONT-REG 0.42% 39,501.19 BBG000BSJVR7 188
10/22/2026 CHF SWISS FRANC 0.00% 138.75 114
10/22/2026 CON Continental AG 0.14% 13,543.91 BBG000BBZ9D0 180
10/22/2026 CPG COMPASS GROUP PLC COMMON STOCK GBP.1105 0.72% 68,100.70 BBG000FNNYW7 2,042
10/22/2026 CPU Computershare Limited 0.13% 11,799.16 BBG000BKP120 391
10/22/2026 CS AXA 0.71% 66,600.40 BBG000BC7ZT4 1,413
10/22/2026 CVC CVC CAPITAL PARTNERS PLC COMMON STOCK 0.30% 28,725.70 BBG01MJB8435 2,052
10/22/2026 DANSKE DANSKE BANK A/S 0.25% 23,887.13 BBG000BR5SD6 465
10/22/2026 DG VINCI SA 0.73% 69,286.43 BBG000BDXB89 583
10/22/2026 DGE DIAGEO PLC 0.40% 37,550.01 BBG000BS6936 1,566
10/22/2026 DHL DHL Group 0.39% 36,777.21 BBG000LW3MC0 574
10/22/2026 DIE D IETEREN SA/NV COMMON STOCK 0.34% 31,640.16 BBG000BRPP68 161
10/22/2026 DNB DNB ASA 0.36% 34,290.03 BBG011M0SYC3 1,020
10/22/2026 DPLM DIPLOMA PLC 0.12% 11,770.87 BBG000BDFF99 121
10/22/2026 DTE DEUTSCHE TELEKOM AG-REG 2.26% 213,375.08 BBG000HJTKL0 7,266
10/22/2026 EBS ERSTE GROUP BANK AG 0.16% 14,915.20 BBG000BMV1Z3 127
10/22/2026 ELE ENDESA SA 0.46% 43,554.31 BBG000C1Q594 907
10/22/2026 ENEL Enel SpA 0.50% 47,393.18 BBG000BK4338 4,594
10/22/2026 EOAN E.ON SE COMMON STOCK 0.56% 52,427.29 BBG000BR7M47 2,545
10/22/2026 EPI A EPIROC AB-A 0.20% 18,887.38 BBG00JWT5W21 755
10/22/2026 EQNR EQUINOR ASA /NOK/ 0.54% 51,178.90 BBG000NSV604 1,106
10/22/2026 ERICBS ERICSSON LM-B SHS 0.69% 64,874.84 BBG000BX2SH2 6,312
10/22/2026 EUR EURO -0.03% -2,471.98 -2,204
10/22/2026 EVN Evolution Mining Ltd 0.21% 19,364.87 BBG000NF2249 2,330
10/22/2026 EVO EVOLUTION GAMING GROUP /SEK/ 0.23% 21,550.63 BBG0088M4LQ6 263
10/22/2026 FER FERROVIAL SA 0.14% 13,137.39 BBG01H0DF657 266
10/22/2026 FMG FORTESCUE LTD COMMON STOCK AUD 0 0.35% 33,341.43 BBG000J47TP2 3,260
10/22/2026 G ASSICURAZIONI GENERALI 0.34% 32,469.86 BBG000BC1TX9 684
10/22/2026 GALD SW GALDERMA GROUP AG 0.34% 31,619.01 BBG01LYFLBM9 139
10/22/2026 GBP BRITISH POUNDS 0.00% 93.53 70
10/22/2026 GIVN GIVAUDAN REG COMMON STOCK CHF10.0 0.26% 24,215.66 BBG000DB0Q75 5
10/22/2026 GLEN GLENCORE PLC 0.38% 35,828.97 BBG001MM1KT7 4,984
10/22/2026 GSK GSK PLC 1.04% 98,354.42 BBG000CT5GJ1 3,835
10/22/2026 HEI Heidelberg Materials AG 0.25% 23,322.71 BBG000BC1HT0 143
10/22/2026 HLMA HALMA PLC 0.23% 21,359.77 BBG000BDLSV9 486
10/22/2026 HLN HALEON PLC 0.17% 16,414.61 BBG015L9B573 3,201
10/22/2026 HMBS HENNES & MAURITZ AB-B SHS 0.24% 22,813.51 BBG000BM9J25 1,303
10/22/2026 HNR1 Hannover Ruck SE 0.52% 48,851.60 BBG000MDN4R3 154
10/22/2026 HO Thales SA 0.25% 23,394.73 BBG000BCFRC1 92
10/22/2026 HOLN HOLCIM AG COMMON STOCK CHF 2 0.17% 15,575.51 BBG000BWZDP2 201
10/22/2026 HOT Hochtief AG 0.25% 23,986.54 BBG000BC3V44 60
10/22/2026 HSBA HSBC HOLDINGS PLC 1.40% 132,411.69 BBG000BS1MT4 7,231
10/22/2026 IAG INTL CONSOLIDATED AIRLINE-DI 0.40% 37,253.70 BBG000C04FX1 6,796
10/22/2026 IHG INTERCONTINENTAL HOTELS GR ADR 0.66% 61,910.82 BBG000DX15P2 369
10/22/2026 III 3I GROUP PLC 0.64% 60,431.27 BBG000BZZ7W0 1,949
10/22/2026 IMB IMPERIAL BRANDS PLC 0.69% 64,836.55 BBG000HH0HR6 1,699
10/22/2026 ISP INTESA SANPAOLO 0.71% 66,963.47 BBG000BNSF20 10,224
10/22/2026 ITX INDUSTRIA DE DISENO TEXTIL 0.68% 64,409.47 BBG000C1W6R5 1,021
10/22/2026 JMT JERONIMO MARTINS 0.13% 12,665.69 BBG000BHWWK1 613
10/22/2026 KBC KBC GROUP NV 0.50% 46,855.41 BBG000BMVWD9 377
10/22/2026 KBX KNORR BREMSE AG COMMON STOCK 0.12% 10,904.37 BBG000FMSMX9 101
10/22/2026 KNEBV KONE OYJ-B 0.12% 10,937.70 BBG000C3VY28 174
10/22/2026 KNIN KUEHNE NAGEL INTL AG REG COMMON STOCK CHF1.0 0.30% 28,396.47 BBG000HXJ2N8 104
10/22/2026 LDO Leonardo Finmeccanica SpA 0.13% 12,630.09 BBG000BVVR77 233
10/22/2026 LIFCO B LIFCO AB-B SHS 0.18% 16,600.31 BBG002HB9BH0 516
10/22/2026 LOGN LOGITECH INTERNATIONAL SA COMMON STOCK CHF 0.25 0.13% 12,289.64 BBG000CYR5S0 112
10/22/2026 MAERBC AP MOLLER - MAERSK A/S B 0.87% 82,336.34 BBG000BLYM22 24
10/22/2026 MC LVMH MOET HENNESSY LOUIS VUI 0.73% 69,164.55 BBG000BC7PK5 159
10/22/2026 MTX MTU Aero Engines Holding AG 0.17% 16,052.05 BBG000BVTMG1 43
10/22/2026 MUV2 Munich Reinsurance Company 1.03% 96,772.85 BBG000BD9DM6 155
10/22/2026 NESN NESTLE SA-REG 1.32% 124,177.84 BBG000CPBD63 1,208
10/22/2026 NOKIA NOKIA OYJ 0.28% 26,268.35 BBG000BBWYN7 3,151
10/22/2026 NOVN NOVARTIS AG-REG 2.48% 233,813.37 BBG000NQV2C4 1,489
10/22/2026 NOVO B NOVO NORDISK A/S-B 1.79% 168,344.35 BBG00JN7GF15 4,237
10/22/2026 NST Northern Star Resources Ltd 0.48% 44,878.15 BBG000C82NF9 2,579
10/22/2026 NTGY NATURGY ENERGY GROUP SA /EUR/ 0.43% 40,265.75 BBG000BWYKD0 1,167
10/22/2026 NXT NEXT PLC 0.18% 17,412.03 BBG000BDWPB5 86
10/22/2026 OR LOREAL 1.32% 124,154.80 BBG000BC9821 268
10/22/2026 PGHN PARTNERS GROUP HOLDING AG 0.11% 10,456.29 BBG000DYF655 14
10/22/2026 PNDORA PANDORA A/S 0.64% 60,032.69 BBG000VGFVT3 487
10/22/2026 PRU PRUDENTIAL PLC 0.16% 15,472.58 BBG000BDY2S6 1,303
10/22/2026 PRX PROSUS /EUR/ 0.62% 58,916.03 BBG00NQKSQ99 1,548
10/22/2026 PST POSTE ITALIANE SPA 0.31% 29,563.66 BBG000BMTRX1 1,100
10/22/2026 PUB Publicis Groupe SA 0.46% 43,150.31 BBG000BCB2K1 379
10/22/2026 QBE QBE Insurance Group Limited 0.52% 48,756.52 BBG000BB1VD8 2,633
10/22/2026 RACE FERRARI NV 0.21% 19,459.84 BBG00BS9K4K2 49
10/22/2026 REL RELX PLC 0.73% 68,974.94 BBG000D03WR1 1,700
10/22/2026 REP Repsol SA 0.13% 12,014.07 BBG000C2V6W8 379
10/22/2026 RKT LN RECKITT BENCKISER GROUP PLC COMMON STOCK 0.94% 88,644.08 BBG000C38N82 1,186
10/22/2026 RMS HERMES INTERNATIONAL 0.66% 62,196.86 BBG000BDYXR9 43
10/22/2026 ROP SW Roche Holding AG 3.82% 360,211.27 BBG020ZHBNC5 754
10/22/2026 RYA RYANAIR HOLDINGS PLC 0.21% 19,753.58 BBG000J9N1Z3 767
10/22/2026 SAF Safran SA 0.53% 49,796.97 BBG000BP01L5 147
10/22/2026 SAMPO Sampo Oyj 0.12% 11,575.34 BBG000BRP3P6 1,119
10/22/2026 SAN SANOFI 0.66% 61,792.77 BBG000BWBBF3 735
10/22/2026 SAN Banco Santander S.A. 0.75% 70,977.95 BBG000K65GY5 5,510
10/22/2026 SAND SANDVIK AB 0.20% 18,880.27 BBG000BR0GF5 556
10/22/2026 SCHP SCHINDLER HOLDING AG COMMON STOCK CHF 0.1 0.14% 13,556.38 BBG000BC8JQ2 38
10/22/2026 SDZ SANDOZ GROUP AG 0.26% 24,737.13 BBG01J3DD3T3 257
10/22/2026 SEBAS SKANDINAVISKA ENSKILDA BAN-A 0.33% 31,517.47 BBG000BGX6S1 1,534
10/22/2026 SECUBS SECURITAS AB-B SHS 0.14% 12,788.86 BBG000BFKBQ8 769
10/22/2026 SEK SWEDISH KRONA 0.00% 215.59 2,136
10/22/2026 SGE SAGE GROUP PLC/THE 0.32% 30,548.14 BBG000BN0P46 1,915
10/22/2026 SHBAS SVENSKA HANDELSBANKEN-A SHS 0.19% 17,766.63 BBG000BGX8G0 1,192
10/22/2026 SHEL SHELL PLC-NEW /GBP/ 0.79% 74,247.79 BBG0149N4YC8 1,425
10/22/2026 SIKA SIKA AG COMMON STOCK CHF 0.01 0.26% 24,727.38 BBG000BC97P8 110
10/22/2026 SOBI SWEDISH ORPHAN BIOVITRUM AB 0.14% 13,364.55 BBG000C3YBM3 293
10/22/2026 SPOT SPOTIFY TECHNOLOGY SA 0.47% 44,358.16 BBG003T4VFC2 76
10/22/2026 SREN Swiss Reinsurance 0.39% 36,671.64 BBG001P1Z4F4 195
10/22/2026 STMPA STMicroelectronics NV 0.11% 10,264.54 BBG000BHHJP2 229
10/22/2026 SU Schneider Electric SE 0.89% 83,563.66 BBG000BBWBV8 316
10/22/2026 TEF TELEFONICA SA 0.11% 10,709.86 BBG000C20331 2,746
10/22/2026 TEL2BS TELE2 AB-B SHS 0.12% 11,614.65 BBG000ND1Y18 718
10/22/2026 TLX Talanx AG 0.36% 33,877.96 BBG000CRQVF3 238
10/22/2026 TSCO TESCO PLC 0.13% 12,171.95 BBG000BF46Y8 1,668
10/22/2026 TTEP TOTALENERGIES SE 0.68% 64,504.34 BBG000C1M473 719
10/22/2026 UBSG UBS GROUP AG-REG 0.55% 51,732.37 BBG007936GV2 1,106
10/22/2026 ULVR LN UNILEVER PLC COMMON STOCK GBP 0.031111 1.27% 120,004.02 BBG000C0M8X7 1,800
10/22/2026 UMG UNIVERSAL MUSIC GROUP BV 0.23% 21,910.10 BBG012J967J2 1,217
10/22/2026 UNI UNIPOL ASSICURAZIONI SPA COMMON STOCK EUR 0 0.20% 18,675.83 BBG000BGHJ38 670
10/22/2026 USBFS03 U.S. Bank Money Market Deposit Account 0.27% 25,473.29 25,473
10/22/2026 VOLVBS VOLVO AB-B SHS 0.48% 45,284.87 BBG000BCH216 1,442
10/22/2026 VWS VESTAS WIND SYSTEMS 0.23% 21,687.73 BBG000BJBK53 760
10/22/2026 WBC Westpac Banking Corporation 0.48% 45,132.22 BBG000D0JD23 1,802
10/22/2026 WES Wesfarmers Ltd 0.14% 12,927.45 BBG000BFJYW3 238
10/22/2026 WKL WOLTERS KLUWER 0.44% 41,087.61 BBG000BCHRB0 422
10/22/2026 ZURN ZURICH INSURANCE GROUP AG 0.66% 62,143.16 BBG000DM6PM0 82

Portfolio holdings will change and should not be considered investment advice or a recommendation to buy, sell or hold any particular security.


Risk Considerations

Investing involves risk, including the possible loss of principal. Shares of the ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

The prices of securities in the Fund’s portfolio will fluctuate due to market conditions and may affect its value. The fund is subject to the risks of the underlying securities it invests in such as convertible securities in which market value may change based on the issuer’s credit rating or the ability of the issuer to pay interest and dividends. Investments in preferred securities may cause their prices to behave more like those of debt securities. If interest rates rise, the value of preferred stock tends to fall. The price of a warrant and rights may not necessarily move parallel to the price of the underlying security and is generally more volatile.

The Fund is a non-diversified portfolio, which means that it can take larger positions in a smaller number of securities than a portfolio that is diversified. This can increase the risk that the value of the Fund could go down because of the poor performance of a limited number of investments. The Fund was recently organized and has no operating history. As a result, investors have a limited track record on which to base their investment decision.

Applied Finance IVS International Large ETF is distributed by Foreside Fund Services, LLC, not an adviser affiliate.

Applied Finance Advisors, LLC is the Adviser to the fund.