Applied Finance Valuation Large Cap ETF

VSLU
Inception Date:
4/29/2021
Management Style:
Active
CUSIP:
26923N405
Total Gross Expense Ratio:
0.490%
Asset Class:
Equity
Exchange:
NYSE Arca, Inc.
Advisor:
Applied Finance Advisors, LLC
As Of Date:
6/18/2025
NAV ($):
$37.57
Market Price ($):
$37.58
Premium / Discount:
0.008
30 Day Median Bid/Ask Spread:
0.002143
Shares Outstanding:
6,475,000
Total Net Assets:
$243,291,650.00

Quarter End Performance
As of 3/31/2025 YTD 1m 3m 6m 1y Since Inception
VSLU NAV -4.33% -5.86% -4.33% -2.16% 8.14% 9.71%
VSLU Market Price -4.29% -5.66% -4.29% -2.15% 8.09% 9.74%

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 0.49%

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 NYSE Arca is open for trading. Market price performance is based on the trade price at which shares are bought and sold on the NYSE Arca using the last share trade. Performance of less than one year is cumulative.

Premium Discount
Number of Days at 2025 Cumul. Q4 2025 Q3 2025 Q2 2025 Q1 2025 2024 Cumul. Q4 2024 Q3 2024 Q2 2024 Q1 2024
Premium 80 33 47 199 57 52 51 39
NAV 0 0 0 0 0 0 0 0
Discount 35 22 13 52 6 12 12 22

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 1/1/2024 to 6/18/2025 :
Days traded at Premium
Days traded at NAV
Days traded at Discount
As of Date Discount Premium

Holdings
As Of Date Ticker Name Weight Market Value FIGI Shares Held
6/18/2025 A AGILENT TECHNOLOGIES INC 0.12% 281,753.28 BBG000C2V3D6 2,439
6/18/2025 AAPL APPLE INC 5.83% 14,181,281.20 BBG000B9XRY4 72,140
6/18/2025 ABBV ABBVIE INC 1.55% 3,778,987.77 BBG0025Y4RY4 20,373
6/18/2025 ABNB AIRBNB INC 0.14% 343,377.66 BBG001Y2XS07 2,598
6/18/2025 ABT ABBOTT LABORATORIES COMMON STOCK USD 0 0.29% 699,257.21 BBG000B9ZXB4 5,281
6/18/2025 ACGL ARCH CAPITAL GROUP CO 0.08% 189,088.20 BBG000HXNN20 2,094
6/18/2025 ACN ACCENTURE PLC-CL A 0.60% 1,458,981.56 BBG000D9D830 4,762
6/18/2025 ADBE ADOBE SYSTEMS INC 0.86% 2,086,780.80 BBG000BB5006 5,520
6/18/2025 ADM ARCHER-DANIELS-MIDLAND CO 0.04% 103,984.74 BBG000BB6WG8 1,926
6/18/2025 ADP AUTOMATIC DATA PROCESSING 0.21% 519,975.15 BBG000JG0547 1,695
6/18/2025 ADSK AUTODESK INC 0.10% 250,616.31 BBG000BM7HL0 849
6/18/2025 AFL AFLAC INC 0.10% 236,664.78 BBG000BBBNC6 2,306
6/18/2025 AIG AMERICAN INTERNATIONAL GROUP 0.00% 8,930.50 BBG000BBDZG3 106
6/18/2025 AIZ ASSURANT INC 0.02% 38,485.92 BBG000BZX1N5 197
6/18/2025 AKAM AKAMAI TECHNOLOGIES INC 0.01% 18,651.90 BBG000BJQWD2 237
6/18/2025 ALGN Align Technology Inc. 0.01% 28,441.58 BBG000BRNLL2 158
6/18/2025 ALL ALLSTATE CORP 0.16% 387,426.60 BBG000BVMGF2 1,980
6/18/2025 ALLE Allegion Public Limited Company 0.05% 115,869.60 BBG003PS7JV1 847
6/18/2025 AMAT APPLIED MATERIALS INC 0.68% 1,649,066.44 BBG000BBPFB9 9,541
6/18/2025 AMCR AMCOR PLC 0.01% 31,720.25 BBG00LNJRQ09 3,505
6/18/2025 AMD ADVANCED MICRO DEVICES INC 0.13% 317,101.79 BBG000BBQCY0 2,501
6/18/2025 AME AMETEK INC 0.11% 272,506.08 BBG000B9XG87 1,533
6/18/2025 AMGN AMGEN INC 0.66% 1,614,687.25 BBG000BBS2Y0 5,575
6/18/2025 AMP AMERIPRISE FINANCIAL INC 0.42% 1,022,482.17 BBG000G3QLY3 2,019
6/18/2025 AMT AMERICAN TOWER CORP 0.19% 463,066.52 BBG000B9XYV2 2,149
6/18/2025 AMTM-W Amentum Holdings Inc 0.00% 853.32 BBG01NY7B734 39
6/18/2025 AMZN AMAZON.COM INC 4.48% 10,903,976.16 BBG000BVPV84 51,308
6/18/2025 ANET ARISTA NETWORKS INC 0.30% 739,155.84 BBG01QQZBFH1 8,191
6/18/2025 AOS AO Smith Corp 0.01% 23,276.52 BBG000BC1L02 369
6/18/2025 APA APA CORP 0.04% 87,475.17 BBG00YTS96G2 4,307
6/18/2025 APTV.UN APTIV HOLDINGS LTD COMMON STOCK USD 0.01 0.05% 124,562.06 BBG01R914LT5 1,841
6/18/2025 AVB AVALONBAY COMMUNITIES INC 0.02% 40,064.88 BBG000BLPBL5 194
6/18/2025 AVGO Broadcom Inc. 4.86% 11,818,767.88 BBG00KHY5S69 47,038
6/18/2025 AVY AVERY DENNISON CORP 0.02% 50,787.56 BBG000BCQ4P6 292
6/18/2025 AXP AMERICAN EXPRESS CO 0.73% 1,783,855.56 BBG000BCQZS4 6,018
6/18/2025 AZO AUTOZONE INC 0.40% 980,187.36 BBG000C7LMS8 272
6/18/2025 BALL BALL CORP 0.03% 65,488.59 BBG000BDDNH5 1,173
6/18/2025 BBY BEST BUY CO INC 0.06% 139,382.32 BBG000BCWCG1 2,057
6/18/2025 BF B BROWN-FORMAN CORP 0.02% 49,684.05 BBG000BD2NY8 1,937
6/18/2025 BG Bunge Global SA 0.03% 73,316.35 BBG01JZ8VL91 857
6/18/2025 BIIB BIOGEN INC 0.07% 175,764.06 BBG000C17X76 1,389
6/18/2025 BK BANK OF NEW YORK MELLON CORP 0.05% 125,675.20 BBG000BD8PN9 1,372
6/18/2025 BKNG BOOKING HOLDINGS INC 0.91% 2,204,370.42 BBG000BLBVN4 417
6/18/2025 BLDR BUILDERS FIRSTSOURCE INC 0.05% 131,211.80 BBG000BKD3K9 1,228
6/18/2025 BR Broadridge Financial Solutions, Inc. 0.03% 65,630.04 BBG000PPFKQ7 276
6/18/2025 BXP Boston Properties Inc 0.01% 33,273.44 BBG000BS5CM9 464
6/18/2025 CAG CONAGRA BRANDS INC 0.00% 6,665.00 BBG000BDXGP9 310
6/18/2025 CAH CARDINAL HEALTH INC 0.09% 211,712.00 BBG000D898T9 1,280
6/18/2025 CARR CARRIER GLOBAL CORP-W/I 0.03% 62,664.42 BBG00RP5HYS8 897
6/18/2025 CAT CATERPILLAR INC 0.51% 1,252,104.00 BBG000BF0K17 3,480
6/18/2025 CB CHUBB LIMITED 0.19% 470,061.90 BBG000BR14K5 1,666
6/18/2025 CBOE CBOE HOLDINGS INC 0.09% 213,261.20 BBG000QH56C1 937
6/18/2025 CCL CARNIVAL CORP 0.12% 290,639.10 BBG000BF6LY3 12,310
6/18/2025 CDW CDW CORP/DE 0.12% 288,320.00 BBG001P63B80 1,696
6/18/2025 CEG CONSTELLATION ENERGY CORPORATION 0.22% 537,171.79 BBG014KFRNP7 1,753
6/18/2025 CF CF INDUSTRIES HOLDINGS INC 0.03% 68,812.66 BBG000BWJFZ4 686
6/18/2025 CHD CHURCH & DWIGHT CO INC 0.05% 109,889.94 BBG000BFJT36 1,146
6/18/2025 CHRW C.H. ROBINSON WORLDWIDE INC 0.02% 37,083.77 BBG000BTCH57 397
6/18/2025 CHTR CHARTER COMMUNICATIONS INC-A 0.17% 422,721.60 BBG000VPGNR2 1,120
6/18/2025 CI CIGNA CORP 0.09% 218,822.40 BBG00KXRCDP0 696
6/18/2025 CL COLGATE-PALMOLIVE CO 0.12% 282,208.00 BBG000BFQYY3 3,200
6/18/2025 CMCSA COMCAST CORP-CLASS A 0.29% 698,869.74 BBG000BFT2L4 20,399
6/18/2025 CMI CUMMINS INC 0.13% 324,439.70 BBG000BGPTV6 1,030
6/18/2025 CNC CENTENE CORP 0.03% 74,287.05 BBG000BDXCJ5 1,347
6/18/2025 COF CAPITAL ONE FINANCIAL CORP 0.17% 424,112.67 BBG000BGKTF9 2,151
6/18/2025 COP CONOCOPHILLIPS 0.26% 626,959.20 BBG000BQQH30 6,684
6/18/2025 COR Cencora, Inc. 0.35% 851,079.00 BBG000MDCQC2 2,868
6/18/2025 CPT CAMDEN PROPERTY TRUST 0.01% 34,107.90 BBG000BB0V03 295
6/18/2025 CRL Charles River Laboratories Int 0.01% 30,656.19 BBG000BG5BL8 211
6/18/2025 CRM SALESFORCE.COM INC 0.27% 649,269.00 BBG000BN2DC2 2,502
6/18/2025 CSX CSX CORP 0.21% 504,136.88 BBG000BGJRC8 15,637
6/18/2025 CTAS CINTAS CORP 0.08% 197,496.32 BBG000H3YXF8 896
6/18/2025 CTSH COGNIZANT TECH SOLUTIONS-A 0.08% 191,914.50 BBG000BBDV81 2,425
6/18/2025 CTVA CORTEVA INC-W/I 0.02% 59,888.96 BBG00BN969C1 808
6/18/2025 CVS CVS HEALTH CORP 0.03% 76,331.28 BBG000BGRY34 1,142
6/18/2025 CVX CHEVRON CORP 0.32% 769,698.86 BBG000K4ND22 5,194
6/18/2025 CZR CAESARS ENTERTAINMENT INC COMMON STOCK 0.01% 31,163.25 BBG0074Q3NK6 1,123
6/18/2025 DAL DELTA AIR LINES INC 0.12% 290,972.08 BBG000R7Z112 6,118
6/18/2025 DE DEERE & CO 0.25% 607,401.86 BBG000BH1NH9 1,157
6/18/2025 DECK DECKERS OUTDOOR CORP 0.05% 114,635.00 BBG000BKXYX5 1,135
6/18/2025 DELL DELL TECHNOLOGIES - CLASS C 0.36% 881,543.28 BBG00DW3SZS1 7,563
6/18/2025 DG DOLLAR GEN CORP NEW 0.04% 94,340.40 BBG000NV1KK7 840
6/18/2025 DHI DR HORTON INC 0.13% 321,270.72 BBG000DQTXY6 2,649
6/18/2025 DLTR DOLLAR TREE INC 0.03% 81,925.20 BBG000BSC0K9 840
6/18/2025 DOC HEALTHPEAK PROPERTIES INC 0.05% 127,653.35 BBG000BKYDP9 7,487
6/18/2025 DOV DOVER CORP 0.04% 89,607.00 BBG000BHB3M6 510
6/18/2025 DOW DOW INC 0.01% 19,693.50 BBG00BN96922 691
6/18/2025 DPZ Dominos Pizza INC 0.11% 272,082.93 BBG000P458P3 609
6/18/2025 DRI DARDEN RESTAURANTS INC 0.04% 92,886.75 BBG000BBNYF6 417
6/18/2025 DVA DAVITA INC 0.06% 134,703.68 BBG000MQ1SN9 992
6/18/2025 EA ELECTRONIC ARTS INC 0.04% 101,623.00 BBG000BP0KQ8 673
6/18/2025 EBAY EBAY INC 0.08% 201,655.53 BBG000C43RR5 2,601
6/18/2025 EFX EQUIFAX INC 0.06% 146,712.81 BBG000BHPL78 579
6/18/2025 EG EVEREST RE GROUP LTD 0.03% 65,248.40 BBG000C1XVK6 196
6/18/2025 EMN EASTMAN CHEMICAL CO 0.00% 9,637.59 BBG000BLW530 129
6/18/2025 EMR EMERSON ELECTRIC CO 0.03% 62,271.44 BBG000BHX7N2 484
6/18/2025 ENPH ENPHASE ENERGY INC 0.01% 24,956.68 BBG001R3MNY9 686
6/18/2025 EOG EOG RESOURCES INC 0.17% 421,099.56 BBG000BZ9223 3,402
6/18/2025 EPAM EPAM SYSTEMS INC 0.01% 21,947.66 BBG000MHTV89 133
6/18/2025 EQR EQUITY RESIDENTIAL 0.02% 40,426.69 BBG000BG8M31 587
6/18/2025 ESS ESSEX PROPERTY TRUST INC 0.00% 7,668.27 BBG000CGJMB9 27
6/18/2025 ETN EATON CORP PLC 0.16% 389,107.32 BBG000BJ3PD2 1,162
6/18/2025 EW EDWARDS LIFESCIENCES CORP 0.09% 222,827.76 BBG000BRXP69 3,012
6/18/2025 EXPD EXPEDITORS INTL WASH INC 0.02% 37,542.56 BBG000BJ5GK2 332
6/18/2025 EXPE EXPEDIA GROUP INC 0.09% 230,693.20 BBG000QY3XZ2 1,420
6/18/2025 EXR EXTRA SPACE STORAGE INC 0.01% 29,290.00 BBG000PV27K3 200
6/18/2025 FCX FREEPORT-MCMORAN INC 0.16% 377,538.24 BBG000BJDB15 9,168
6/18/2025 FDS FACTSET RESEARCH SYSTEMS INC 0.05% 132,187.44 BBG000BDJL83 311
6/18/2025 FDX FEDEX CORP 0.05% 122,815.00 BBG000BJF1Z8 550
6/18/2025 FFIV F5 Inc 0.02% 50,420.48 BBG000CXYSZ6 176
6/18/2025 FI FISERV INC 0.71% 1,729,133.76 BBG000BJKPG0 10,716
6/18/2025 FICO FAIR ISAAC CORP 0.17% 410,928.12 BBG000DW76Y6 233
6/18/2025 FIS FIDELITY NATIONAL INFO SERV 0.04% 101,515.28 BBG000BK2F42 1,262
6/18/2025 FITB FIFTH THIRD BANCORP 0.02% 42,308.98 BBG000BJL3N0 1,091
6/18/2025 FOXA FOX CORP - CLASS A 0.06% 154,555.75 BBG00JHNJW99 2,825
6/18/2025 FRT FEDERAL REALTY INVS TRUST 0.01% 21,705.74 BBG000BJVN28 227
6/18/2025 FTNT FORTINET INC 0.19% 465,889.22 BBG000BCMBG4 4,621
6/18/2025 FTV FORTIVE CORP 0.07% 174,156.02 BBG00BLVZ228 2,494
6/18/2025 GD GENERAL DYNAMICS CORP 0.12% 287,164.43 BBG000BK67C7 1,031
6/18/2025 GDDY GODADDY INC - CLASS A 0.05% 112,732.38 BBG006MDLY05 639
6/18/2025 GEHC GE HEALTHCARE TECHNOLOG-W/I 0.12% 297,121.37 BBG01BFR8YV1 4,133
6/18/2025 GEN GEN DIGITAL INC 0.05% 112,067.12 BBG000BH2JM1 3,817
6/18/2025 GILD GILEAD SCIENCES INC 0.60% 1,447,416.00 BBG000CKGBP2 13,402
6/18/2025 GIS GENERAL MILLS INC 0.04% 108,038.40 BBG000BKCFC2 2,040
6/18/2025 GL GLOBE LIFE INC 0.03% 71,227.45 BBG000BVD6X4 595
6/18/2025 GLW CORNING INC 0.04% 85,833.00 BBG000BKFZM4 1,700
6/18/2025 GNRC GENERAC HOLDINGS INC 0.01% 36,400.80 BBG000PQ4W72 290
6/18/2025 GOOGL ALPHABET INC-CL A 6.54% 15,910,602.68 BBG009S39JX6 91,799
6/18/2025 GPC GENUINE PARTS CO 0.04% 89,390.24 BBG000BKL348 752
6/18/2025 GPN GLOBAL PAYMENTS INC 0.09% 228,632.32 BBG000CX0P89 3,002
6/18/2025 GRMN GARMIN LTD 0.07% 163,200.90 BBG000C4LN67 823
6/18/2025 GWW WW GRAINGER INC 0.12% 284,648.91 BBG000BKR1D6 273
6/18/2025 HAL HALLIBURTON CO 0.05% 133,234.40 BBG000BKTFN2 5,980
6/18/2025 HAS HASBRO INC 0.02% 37,225.64 BBG000BKVJK4 548
6/18/2025 HCA HCA HEALTHCARE INC 0.40% 965,138.46 BBG000QW7VC1 2,561
6/18/2025 HD HOME DEPOT INC 0.73% 1,770,547.06 BBG000BKZB36 5,102
6/18/2025 HES HESS CORP 0.07% 167,507.56 BBG000BBD070 1,166
6/18/2025 HIG HARTFORD FINANCIAL SVCS GRP 0.09% 210,456.50 BBG000G0Z878 1,685
6/18/2025 HLT HILTON WORLDWIDE 0.42% 1,013,263.08 BBG0058KMH30 4,093
6/18/2025 HOLX HOLOGIC INC 0.02% 58,276.67 BBG000C3NTN5 911
6/18/2025 HPQ HP INC 0.14% 352,399.32 BBG000KHWT55 14,574
6/18/2025 HSIC HENRY SCHEIN INC 0.01% 31,154.94 BBG000BNMMJ3 438
6/18/2025 HSY HERSHEY CO/THE 0.08% 187,540.60 BBG000BLHRS2 1,105
6/18/2025 HUBB HUBBELL INC 0.04% 97,290.12 BBG000BLK267 244
6/18/2025 HUM HUMANA INC 0.01% 29,208.00 BBG000BLKK03 120
6/18/2025 IBM International Business Machines Corporation 0.39% 959,515.48 BBG000BLNNH6 3,388
6/18/2025 ICE INTERCONTINENTAL EXCHANGE IN 0.25% 603,813.84 BBG000C1FB75 3,359
6/18/2025 IDXX IDEXX LABS 0.13% 323,346.70 BBG000BLRT07 622
6/18/2025 INCY Incyte Corp. 0.05% 130,190.89 BBG000BNPSQ9 1,907
6/18/2025 INVH INVITATION HOMES INC REIT USD.01 0.01% 20,216.25 BBG00FQH6BS9 599
6/18/2025 IP INTERNATIONAL PAPER CO 0.03% 77,712.20 BBG000BM5SR2 1,685
6/18/2025 IPG Interpublic Group of Companies Inc. 0.03% 68,570.68 BBG000C90DH9 2,971
6/18/2025 IQV IQVIA HOLDINGS INC COMMON STOCK USD.01 0.17% 411,417.21 BBG00333FYS2 2,661
6/18/2025 IT Gartner Inc 0.16% 398,171.89 BBG000BB65D0 997
6/18/2025 ITW ILLINOIS TOOL WORKS 0.12% 301,637.50 BBG000BMBL90 1,250
6/18/2025 J JACOBS SOLUTIONS INC COMMON STOCK 0.03% 82,898.34 BBG019C1BQR4 651
6/18/2025 JBHT JB Hunt Transport Services, Inc. 0.02% 47,402.41 BBG000BMDBZ1 341
6/18/2025 JBL JABIL CIRCUIT INC 0.03% 66,719.16 BBG000BJNGN9 326
6/18/2025 JCI JOHNSON CONTROLS 0.02% 56,293.12 BBG000BVWLJ6 544
6/18/2025 JKHY JACK HENRY 0.02% 55,868.12 BBG000BMH2Q7 308
6/18/2025 JNJ JOHNSON & JOHNSON 1.58% 3,853,563.18 BBG000BMHYD1 25,566
6/18/2025 JNPR JUNIPER NETWORKS INC 0.02% 42,733.20 BBG000BY33P5 1,192
6/18/2025 KDP KEURIG DR PEPPER INC 0.09% 215,632.53 BBG000TJM7F0 6,493
6/18/2025 KEYS KEYSIGHT TEC 0.06% 136,119.00 BBG0059FN811 850
6/18/2025 KHC KRAFT HEINZ CO/THE 0.06% 153,052.80 BBG005CPNTQ2 5,960
6/18/2025 KLAC KLA CORPORATION 0.51% 1,250,985.76 BBG000BMTFR4 1,436
6/18/2025 KMI KINDER MORGAN INC 0.05% 111,327.66 BBG0019JZ882 4,038
6/18/2025 KO COCA-COLA CO/THE 0.49% 1,201,624.02 BBG000BMX289 17,362
6/18/2025 KR KROGER CO 0.07% 169,107.12 BBG000BMY992 2,581
6/18/2025 KVUE KENVUE INC 0.05% 113,400.24 BBG01C79X561 5,309
6/18/2025 L LOEWS CORP 0.02% 37,186.93 BBG000C45984 421
6/18/2025 LDOS LEIDOS HOLDINGS INC 0.09% 215,107.50 BBG000C23PB0 1,450
6/18/2025 LEN LENNAR CORP-A 0.05% 122,334.03 BBG000BN5HF7 1,183
6/18/2025 LHX L3HARRIS TECHNOLOGIES INC 0.10% 247,088.19 BBG000BLGFJ9 993
6/18/2025 LII LENNOX INTERNATIONAL INC 0.05% 119,994.48 BBG000BB5B84 219
6/18/2025 LKQ LKQ CORP 0.02% 56,469.52 BBG000PXDL44 1,532
6/18/2025 LMT LOCKHEED MARTIN CORP 0.18% 431,112.00 BBG000C1BW00 920
6/18/2025 LOW LOWES COS INC 0.48% 1,160,197.49 BBG000BNDN65 5,503
6/18/2025 LRCX LAM RESH CORP 0.43% 1,044,433.52 BBG000BNFLM9 11,323
6/18/2025 LULU LULULEMON ATHLETICA INC 0.13% 323,311.10 BBG000R8ZVD1 1,414
6/18/2025 LUV SOUTHWEST AIRLINES CO 0.01% 25,644.68 BBG000BNJHS8 823
6/18/2025 LVS LAS VEGAS SANDS CORP 0.06% 148,026.54 BBG000JWD753 3,543
6/18/2025 LW LAMB WESTON 0.02% 55,508.46 BBG003CVMLQ2 1,043
6/18/2025 LYB LYONDELLBASELL INDUSTRIES NV COMMON STOCK USD 0.04 0.04% 98,925.68 BBG000WCFV84 1,687
6/18/2025 LYV LIVE NATION ENTERTAINMENT IN 0.04% 89,252.52 BBG000FQ7YR4 602
6/18/2025 MA MASTERCARD INC - A 4.31% 10,472,911.20 BBG000F1ZSQ2 19,440
6/18/2025 MAA MID-AMERICA APARTMENT COMM 0.02% 44,973.84 BBG000BLMY92 302
6/18/2025 MAR Marriott International, Inc Class A 0.50% 1,208,845.82 BBG000BGD7W6 4,694
6/18/2025 MAS MASCO CORP 0.06% 147,012.60 BBG000BNNKG9 2,414
6/18/2025 MCD MCDONALDS CORP 0.42% 1,024,421.31 BBG000BNSZP1 3,537
6/18/2025 MCHP MICROCHIP TECHNOLOGY INC 0.17% 416,146.36 BBG000BHCP19 6,118
6/18/2025 MCK MCKESSON CORP 0.56% 1,357,230.42 BBG000DYGNW7 1,862
6/18/2025 MCO Moodys Corporation 0.46% 1,121,225.33 BBG000F86GP6 2,383
6/18/2025 MDLZ MONDELEZ INTERNATIONAL INC-A 0.14% 333,806.85 BBG000D4LWF6 5,031
6/18/2025 MDT MEDTRONIC PLC 0.13% 320,115.82 BBG000BNWG87 3,734
6/18/2025 MET METLIFE INC 0.16% 388,115.55 BBG000BB6KF5 4,941
6/18/2025 META META PLATFORMS INC 4.69% 11,409,932.23 BBG000MM2P62 16,399
6/18/2025 MGM MGM Resorts International 0.04% 95,948.38 BBG000C2BXK4 2,827
6/18/2025 MHK MOHAWK INDUSTRIES INC 0.00% 4,997.49 BBG000FLZN98 51
6/18/2025 MKC MCCORMICK-N/V 0.02% 42,163.20 BBG000G6Y5W4 576
6/18/2025 MNST MONSTER BEVERAGE CORP 0.13% 321,826.67 BBG008NVB1C0 5,093
6/18/2025 MO ALTRIA GROUP INC 0.22% 534,160.71 BBG000BP6LJ8 8,979
6/18/2025 MOH Molina Healthcare Inc 0.05% 114,591.92 BBG000MBHNC8 388
6/18/2025 MOS MOSAIC CO/THE 0.01% 20,224.20 BBG000BFXHL6 555
6/18/2025 MPC MARATHON PETROLEUM CORP 0.13% 327,975.78 BBG001DCCGR8 1,959
6/18/2025 MRK MERCK & CO. INC. 1.22% 2,972,899.26 BBG000BPD168 37,494
6/18/2025 MSFT MICROSOFT CORP 7.47% 18,157,394.16 BBG000BPH459 37,809
6/18/2025 MSI MOTOROLA SOLUTIONS INC 0.14% 349,290.62 BBG000BP8Z50 863
6/18/2025 MTB M & T BANK CORP 0.01% 25,983.10 BBG000D9KWL9 143
6/18/2025 MTCH MATCH GROUP INC 0.04% 90,112.20 BBG00VT0KNC3 2,974
6/18/2025 MTD METTLER-TOLEDO 0.17% 407,787.32 BBG000BZCKH3 356
6/18/2025 NCLH NORWEGIAN CRUISE LINE HOLDIN 0.04% 107,489.55 BBG000BSRN78 5,845
6/18/2025 NDAQ NASDAQ INC 0.19% 450,505.92 BBG000F5VVB6 5,216
6/18/2025 NEM NEWMONT GOLDCORP CORPORATION COM 0.09% 212,532.48 BBG000BPWXK1 3,648
6/18/2025 NKE NIKE INC -CL B 0.18% 438,707.72 BBG000C5HS04 7,372
6/18/2025 NOC NORTHROP GRUMMAN CORP 0.10% 237,432.00 BBG000BQ2C28 480
6/18/2025 NRG NRG ENERGY INC 0.19% 463,109.76 BBG000D8RG11 3,034
6/18/2025 NSC NORFOLK SOUTHERN CORP 0.14% 330,579.51 BBG000BQ5DS5 1,307
6/18/2025 NTAP NETAPP INC 0.05% 109,942.50 BBG000FP1N32 1,070
6/18/2025 NTRS NORTHERN TRUST CORP 0.02% 48,720.22 BBG000BQ74K1 439
6/18/2025 NUE NUCOR CORP 0.04% 85,676.22 BBG000BQ8KV2 679
6/18/2025 NVDA NVIDIA CORP 8.72% 21,211,565.92 BBG000BBJQV0 145,804
6/18/2025 NVR NVR INC 0.11% 272,207.13 BBG000BQBYR3 39
6/18/2025 NXPI NXP Semiconductors NV 0.09% 215,467.55 BBG000BND699 1,019
6/18/2025 ODFL Old Dominion Freight Line Inc. 0.04% 88,000.92 BBG000CHSS88 564
6/18/2025 OMC OMNICOM GROUP 0.06% 147,864.60 BBG000BS9489 2,130
6/18/2025 ON ON Semiconductor Corporation 0.07% 173,764.50 BBG000DV7MX4 3,325
6/18/2025 ORCL ORACLE CORP 1.19% 2,886,177.69 BBG000BQLTW7 13,687
6/18/2025 ORLY OREILLY AUTOMOTIVE INC 0.49% 1,187,550.72 BBG000BGYWY6 13,446
6/18/2025 OTIS OTIS WORLDWIDE CORP-W/I 0.22% 536,326.02 BBG00RP60KV0 5,606
6/18/2025 PAYX PAYCHEX INC 0.05% 125,968.16 BBG000BQSQ38 838
6/18/2025 PCAR PACCAR INC 0.08% 187,246.08 BBG000BQVTF5 2,064
6/18/2025 PEP PEPSICO INC 0.30% 735,569.93 BBG000DH7JK6 5,699
6/18/2025 PFE PFIZER INC 0.30% 725,020.68 BBG000BR2B91 30,361
6/18/2025 PFG PRINCIPAL FINANCIAL GROUP 0.02% 40,947.83 BBG000NSCNT7 539
6/18/2025 PG PROCTER & GAMBLE CO/THE 0.61% 1,476,696.90 BBG000BR2TH3 9,345
6/18/2025 PGR PROGRESSIVE CORP 0.50% 1,204,807.24 BBG000BR37X2 4,628
6/18/2025 PH PARKER-HANNIFIN CORP COMMON STOCK USD 0.5 0.14% 345,713.70 BBG000BR3KL6 530
6/18/2025 PHM PULTEGROUP INC 0.09% 218,405.42 BBG000BR54L0 2,203
6/18/2025 PLD PROLOGIS INC 0.03% 74,501.72 BBG000B9Z0J8 709
6/18/2025 PM PHILIP MORRIS INTERNATIONAL 0.63% 1,532,828.34 BBG000J2XL74 8,394
6/18/2025 PNC PNC FINANCIAL SERVICES GROUP 0.06% 155,113.95 BBG000BRD0D8 885
6/18/2025 PNR Pentair plc 0.05% 127,185.28 BBG000C221G9 1,312
6/18/2025 PPG PPG INDUSTRIES INC 0.05% 117,656.88 BBG000BRJ809 1,087
6/18/2025 PSA PUBLIC STORAGE 0.06% 157,909.83 BBG000BPPN67 543
6/18/2025 PSX PHILLIPS 66 0.05% 132,558.84 BBG00286S4N9 1,062
6/18/2025 PWR QUANTA SERVICES INC 0.07% 169,041.67 BBG000BBL8V7 469
6/18/2025 PYPL PAYPAL HOLDINGS INC 0.27% 645,792.26 BBG0077VNXV6 9,418
6/18/2025 QCOM QUALCOMM INC 0.40% 970,634.34 BBG000CGC1X8 6,318
6/18/2025 RCL ROYAL CARIBBEAN CRUISES LTD 0.19% 459,778.26 BBG000BB5792 1,717
6/18/2025 REG REGENCY CENTERS CORP 0.01% 12,800.32 BBG000BL46Q4 181
6/18/2025 REGN REGENERON PHARMACEUTICALS 0.21% 516,147.90 BBG000C734W3 1,005
6/18/2025 RL RALPH LAUREN CORP 0.03% 72,576.51 BBG000BS0ZF1 271
6/18/2025 RMD RESMED INC 0.07% 175,114.24 BBG000L4M7F1 698
6/18/2025 ROK ROCKWELL AUTOMATION INC 0.04% 101,688.80 BBG000BBCDZ2 316
6/18/2025 RTX RTX Corp. 0.24% 573,998.45 BBG000BW8S60 3,935
6/18/2025 RVTY Revvity Inc. 0.01% 25,301.88 BBG000FXW512 268
6/18/2025 SHW SHERWIN-WILLIAMS CO/THE 0.29% 704,042.28 BBG000BSXQV7 2,124
6/18/2025 SLB SCHLUMBERGER LTD 0.10% 251,953.80 BBG000BT41Q8 7,028
6/18/2025 SNA SNAP-ON INC 0.04% 95,727.84 BBG000BT7JW9 312
6/18/2025 SNPS SYNOPSYS INC 0.10% 241,546.20 BBG000BSFRF3 510
6/18/2025 SO THE SOUTHERN COMPANY 0.13% 316,054.58 BBG000BT9DW0 3,566
6/18/2025 SOLV SOLVENTUM CORP W/I COMMON STOCK 0.04% 91,659.06 BBG018YZH6T3 1,262
6/18/2025 SPG SIMON PROPERTY GROUP INC 0.16% 391,964.50 BBG000BJ2D31 2,495
6/18/2025 SPGI S&P GLOBAL INC 0.28% 677,042.61 BBG000BP1Q11 1,347
6/18/2025 STLD Steel Dynamics Inc 0.04% 103,437.45 BBG000HGYNZ9 795
6/18/2025 STZ CONSTELLATION BRANDS INC-A 0.12% 291,840.00 BBG000J1QLT0 1,824
6/18/2025 SWKS SKYWORKS SOLUTIONS INC 0.01% 23,419.74 BBG000KLB4Q1 327
6/18/2025 SYF SYNCHRONY FINANCIAL 0.10% 233,694.35 BBG00658F3P3 3,803
6/18/2025 SYK STRYKER CORP 0.34% 815,199.84 BBG000DN7P92 2,184
6/18/2025 SYY SYSCO CORP 0.06% 149,049.55 BBG000BTVJ25 2,015
6/18/2025 T AT&T INC 0.22% 533,340.12 BBG000BSJK37 19,282
6/18/2025 TAP MOLSON COORS BREWING CO - Class B 0.01% 31,677.69 BBG000BS7KS3 649
6/18/2025 TDY TELEDYNE TECH 0.02% 47,427.18 BBG000BMT9T6 97
6/18/2025 TECH BIO-TECHNE CORP 0.01% 19,751.22 BBG000C15114 394
6/18/2025 TEL TE CONNECTIVITY LTD 0.06% 145,927.98 BBG01Q08MMR1 891
6/18/2025 TER TERADYNE INC 0.01% 35,797.90 BBG000BV4DR6 415
6/18/2025 TGT TARGET CORP 0.13% 304,003.52 BBG000H8TVT2 3,196
6/18/2025 TKO TKO GROUP HOLDINGS INC COMMON STOCK USD.00001 0.01% 34,310.25 BBG01G9JKWV5 195
6/18/2025 TMO THERMO FISHER SCIENTIFIC INC 0.43% 1,051,668.24 BBG000BVDLH9 2,679
6/18/2025 TMUS T-MOBILE US INC 0.37% 888,158.81 BBG000NDV1D4 4,019
6/18/2025 TROW T ROWE PRICE GROUP INC 0.05% 110,936.56 BBG000BVMPN3 1,204
6/18/2025 TRV The Travelers Companies Inc. 0.05% 127,416.90 BBG000BJ81C1 481
6/18/2025 TT TRANE TECHNOLOGIES PLC 0.21% 516,847.66 BBG000BM6788 1,231
6/18/2025 TXN TEXAS INSTRUMENTS INC 0.18% 429,626.10 BBG000BVV7G1 2,166
6/18/2025 TXT TEXTRON INC 0.01% 23,442.66 BBG000BVVQQ8 306
6/18/2025 UAL UNITED AIRLINES HOLDINGS INC 0.09% 225,723.40 BBG000M65M61 3,038
6/18/2025 UBER UBER TECHNOLOGIES INC 0.13% 325,082.24 BBG002B04MT8 3,896
6/18/2025 UDR UDR INC 0.02% 41,243.36 BBG000C41023 1,003
6/18/2025 UHS UNIVERSAL HEALTH SERVICES-B 0.01% 34,932.96 BBG000CB8Q50 204
6/18/2025 ULTA Ulta Beauty Inc. 0.09% 225,840.42 BBG00FWQ4VD6 477
6/18/2025 UNH UNITEDHEALTH GROUP INC 0.45% 1,104,691.20 BBG000CH5208 3,596
6/18/2025 UNP UNION PACIFIC CORP 0.32% 772,372.79 BBG000BW3299 3,479
6/18/2025 UPS UNITED PARCEL SERVICE-CL B 0.08% 188,598.21 BBG000L9CV04 1,901
6/18/2025 URI UNITED RENTALS INC 0.19% 461,820.87 BBG000BXMFC3 661
6/18/2025 V VISA INC-CLASS A SHARES 4.32% 10,508,892.12 BBG000PSKYX7 30,874
6/18/2025 VICI VICI PROPERTIES INC REIT 0.01% 31,004.47 BBG00HVVB499 959
6/18/2025 VLO VALERO ENERGY CORP 0.09% 221,817.22 BBG000BBGGQ1 1,591
6/18/2025 VLTO VERALTO CORP-W/I 0.08% 183,677.79 BBG019Q32XJ9 1,893
6/18/2025 VRSK VERISK ANALYTICS INC 0.05% 116,382.60 BBG000BCZL41 380
6/18/2025 VRSN VERISIGN INC 0.14% 337,954.32 BBG000BGKHZ3 1,202
6/18/2025 VRTX VERTEX PHARMACEUTICALS INC 0.21% 517,453.60 BBG000C1S2X2 1,154
6/18/2025 VST VISTRA ENERGY CORP 0.16% 383,633.34 BBG00DXDL6Q1 2,118
6/18/2025 VTRS VIATRIS INC 0.02% 52,295.51 BBG00Y4RQNH4 5,963
6/18/2025 VZ VERIZON COMMUNICATIONS INC 0.28% 680,929.47 BBG000HS77T5 16,341
6/18/2025 WAB WABTEC CORP 0.10% 241,976.05 BBG000BDD940 1,205
6/18/2025 WAT WATERS CORP 0.06% 145,924.80 BBG000FQRVM3 430
6/18/2025 WBA WALGREENS BOOTS ALLIANCE INC 0.01% 19,568.02 BBG000BWLMJ4 1,718
6/18/2025 WBD Warner Bros Discovery Inc 0.05% 133,108.01 BBG011386VF4 12,593
6/18/2025 WFC WELLS FARGO & CO 0.22% 531,401.40 BBG000BWQFY7 7,110
6/18/2025 WMT WAL-MART STORES INC 0.97% 2,355,284.21 BBG000BWXBC2 24,769
6/18/2025 WRB W.R. Berkley Corporation 0.05% 119,213.64 BBG000BD1HP2 1,638
6/18/2025 WSM WILLIAMS-SONOMA INC 0.04% 98,831.04 BBG000FSMWC3 616
6/18/2025 WY WEYERHAEUSER CO 0.01% 21,944.65 BBG000BX3BL3 845
6/18/2025 WYNN WYNN RESORTS LTD 0.02% 60,228.63 BBG000LD9JQ8 693
6/18/2025 XOM EXXON MOBIL CORP 0.80% 1,954,564.92 BBG000GZQ728 17,268
6/18/2025 XYL Xylem Inc/NY 0.02% 41,668.29 BBG001D8R5D0 333
6/18/2025 YUM YUM! BRANDS INC 0.23% 559,527.84 BBG000BH3GZ2 4,044
6/18/2025 ZBH ZIMMER BIOMET HOLDINGS INC 0.03% 68,274.70 BBG000BKPL53 754
6/18/2025 ZTS ZOETIS INC 0.24% 582,095.24 BBG0039320N9 3,754
6/18/2025 CASH AND CASH EQUIVALENTS 0.49% 1,180,852.53
6/18/2025 CONTRA ABIOMED INC COMMON STOCK 0.00% 0.00 BBG01F3NM7X5 2

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.

The Applied Finance Valuation Large Cap ETF is distributed by Foreside Fund Services, LLC, not an adviser affiliate.

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