VSLU

Applied Finance Valuation Large Cap ETF

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:

8/10/2022

NAV ($):

$25.54

Market Price ($):

$25.51

Premium / Discount:

-0.116

30 Day Median Bid/Ask Spread:

0.003797

Shares Outstanding:

525,000

Total Net Assets:

$13,407,660.00

Quarter End Performance

As of 6/30/2022	YTD	1m	3m	6m	1y	Since Inception
VSLU NAV	-18.43%	-8.10%	-14.26%	-18.43%	-9.21%	-6.06%
VSLU Market Price	-18.71%	-8.34%	-14.65%	-18.71%	-9.48%	-6.19%

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	2022 Cumul.	Q3 2022	Q2 2022	Q1 2022	2021 Cumul.	Q4 2021	Q3 2021	Q2 2021
Premium	94	17	36	41	158	53	63	42
NAV	0	0	0	0	0	0	0	0
Discount	57	11	26	20	13	11	1	1

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 1/1/2020 to 8/10/2022 :

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
8/10/2022	A	AGILENT TECHNOLOGIES INC	0.08 %	10,208.66	BBG000C2V3D6	77
8/10/2022	AAP	ADVANCE AUTO PARTS INC	0.06 %	8,176.98	BBG000F7RCJ1	42
8/10/2022	AAPL	APPLE INC	7.38 %	989,038.56	BBG000B9XRY4	5,844
8/10/2022	ABBV	ABBVIE INC	1.89 %	253,128.24	BBG0025Y4RY4	1,796
8/10/2022	ABMD	ABIOMED INC	0.00 %	586.68	BBG000C101X4	2
8/10/2022	ABT	ABBOTT LABORATORIES COMMON STOCK USD 0	0.43 %	57,340.40	BBG000B9ZXB4	520
8/10/2022	ACN	ACCENTURE PLC-CL A	0.62 %	83,234.24	BBG000D9D830	263
8/10/2022	ADBE	ADOBE SYSTEMS INC	0.84 %	112,230.40	BBG000BB5006	256
8/10/2022	ADI	ANALOG DEVICES INC	0.06 %	7,703.52	BBG000BB6G37	44
8/10/2022	ADM	ARCHER-DANIELS-MIDLAND CO	0.05 %	6,186.40	BBG000BB6WG8	74
8/10/2022	ADSK	AUTODESK INC	0.08 %	10,637.04	BBG000BM7HL0	47
8/10/2022	AFL	AFLAC INC	0.12 %	15,921.18	BBG000BBBNC6	258
8/10/2022	AIZ	ASSURANT INC	0.01 %	1,619.10	BBG000BZX1N5	10
8/10/2022	AKAM	AKAMAI TECHNOLOGIES INC	0.04 %	4,991.48	BBG000BJQWD2	52
8/10/2022	ALGN	Align Technology Inc.	0.02 %	2,590.29	BBG000BRNLL2	9
8/10/2022	ALL	ALLSTATE CORP	0.31 %	41,717.23	BBG000BVMGF2	337
8/10/2022	ALLE	Allegion Public Limited Company	0.05 %	7,334.64	BBG003PS7JV1	72
8/10/2022	AMAT	APPLIED MATERIALS INC	0.58 %	77,842.05	BBG000BBPFB9	741
8/10/2022	AMCR	AMCOR PLC	0.03 %	3,507.96	BBG00LNJRQ09	276
8/10/2022	AMD	ADVANCED MICRO DEVICES INC	0.35 %	46,553.50	BBG000BBQCY0	470
8/10/2022	AMGN	AMGEN INC	0.77 %	103,608.99	BBG000BBS2Y0	411
8/10/2022	ANET	ARISTA NETWORKS INC	0.05 %	6,628.44	BBG000N2HDY5	52
8/10/2022	ANSS	ANSYS INC	0.02 %	2,584.80	BBG000GXZ4W7	9
8/10/2022	AON	Aon plc	0.52 %	69,666.48	BBG00SSQFPK6	234
8/10/2022	AOS	AO Smith Corp	0.02 %	3,331.80	BBG000BC1L02	54
8/10/2022	APA	APA CORP	0.07 %	8,936.18	BBG00YTS96G2	269
8/10/2022	APD	AIR PRODUCTS & CHEMICALS INC	0.07 %	9,562.68	BBG000BC4JJ4	36
8/10/2022	APH	AMPHENOL CORP-CL A	0.10 %	14,021.07	BBG000B9YJ35	179
8/10/2022	APTV	APTIV PLC COMMON STOCK USD.01	0.03 %	3,370.56	BBG001QD41M9	32
8/10/2022	ATVI	ACTIVISION BLIZZARD INC	0.20 %	26,862.12	BBG000CVWGS6	332
8/10/2022	AVB	AVALONBAY COMMUNITIES INC	0.01 %	1,282.32	BBG000BLPBL5	6
8/10/2022	AVGO	Broadcom Inc.	1.80 %	240,529.17	BBG00KHY5S69	437
8/10/2022	AWK	AMERICAN WATER WORKS CO INC	0.04 %	5,486.95	BBG000TRJ294	35
8/10/2022	AXP	AMERICAN EXPRESS CO	1.14 %	152,531.16	BBG000BCQZS4	939
8/10/2022	AZO	AUTOZONE INC	0.70 %	93,377.34	BBG000C7LMS8	42
8/10/2022	BBWI	Bath & Body Works Inc	0.04 %	5,825.04	BBG000BNGTQ7	156
8/10/2022	BBY	BEST BUY CO INC	0.19 %	24,966.18	BBG000BCWCG1	318
8/10/2022	BDX	BECTON DICKINSON AND CO	0.05 %	6,464.00	BBG000BCZYD3	25
8/10/2022	BF/B	BROWN-FORMAN CORP	0.06 %	7,668.93	BBG000BD2NY8	101
8/10/2022	BIIB	BIOGEN INC	0.22 %	29,177.28	BBG000C17X76	132
8/10/2022	BIO	Bio-Rad Laboratories Inc	0.00 %	548.49	BBG000DY28W5	1
8/10/2022	BKNG	BOOKING HOLDINGS INC	0.09 %	12,142.14	BBG000BLBVN4	6
8/10/2022	BLK	BLACKROCK INC	0.42 %	55,841.17	BBG000C2PW58	77
8/10/2022	BLL	BALL CORP	0.06 %	8,564.52	BBG000BDDNH5	149
8/10/2022	BMY	BRISTOL-MYERS SQUIBB CO	1.13 %	151,292.06	BBG000DQLV23	2,021
8/10/2022	BRO	BROWN & BROWN INC	0.03 %	4,579.53	BBG000BWSGF4	69
8/10/2022	BSX	BOSTON SCIENTIFIC CORP	0.07 %	9,920.82	BBG000C0LW92	237
8/10/2022	BXP	Boston Properties Inc	0.03 %	4,300.24	BBG000BS5CM9	49
8/10/2022	CAG	CONAGRA BRANDS INC	0.05 %	6,193.80	BBG000BDXGP9	180
8/10/2022	CAH	CARDINAL HEALTH INC	0.09 %	12,048.00	BBG000D898T9	192
8/10/2022	CARR	CARRIER GLOBAL CORP-W/I	0.10 %	12,772.28	BBG00RP5HYS8	298
8/10/2022	CAT	CATERPILLAR INC	0.25 %	33,948.16	BBG000BF0K17	178
8/10/2022	CB	CHUBB LIMITED	0.11 %	14,178.40	BBG000BR14K5	74
8/10/2022	CBOE	CBOE HOLDINGS INC	0.19 %	25,705.82	BBG000QH56C1	217
8/10/2022	CBRE	CBRE GROUP INC - A	0.16 %	21,575.84	BBG000C04224	253
8/10/2022	CCI	CROWN CASTLE INTL CORP	0.10 %	13,635.00	BBG000FV1Z23	75
8/10/2022	CDNS	CADENCE DESIGN SYS INC	0.05 %	6,894.58	BBG000C13CD9	37
8/10/2022	CE	Celanese Corp	0.07 %	9,109.60	BBG000JYP7L8	80
8/10/2022	CEGVV	CONSTELLATION ENERGY CORP WHEN ISS	0.19 %	25,449.60	BBG014KFRNP7	330
8/10/2022	CF	CF INDUSTRIES HOLDINGS INC	0.07 %	10,026.38	BBG000BWJFZ4	98
8/10/2022	CHD	CHURCH & DWIGHT CO INC	0.13 %	16,913.28	BBG000BFJT36	192
8/10/2022	CHTR	CHARTER COMMUNICATIONS INC-A	0.34 %	45,343.62	BBG000VPGNR2	98
8/10/2022	CI	CIGNA CORP	0.14 %	18,085.41	BBG00KXRCDP0	63
8/10/2022	CL	COLGATE-PALMOLIVE CO	0.28 %	37,117.08	BBG000BFQYY3	462
8/10/2022	CLX	CLOROX COMPANY	0.05 %	6,964.32	BBG000BFS7D3	48
8/10/2022	CMCSA	COMCAST CORP-CLASS A	0.26 %	35,219.84	BBG000BFT2L4	904
8/10/2022	CMG	CHIPOTLE MEXICAN GRILL INC	0.06 %	8,291.45	BBG000QX74T1	5
8/10/2022	CMI	CUMMINS INC	0.11 %	15,310.41	BBG000BGPTV6	69
8/10/2022	CMS	CMS ENERGY CORP	0.03 %	3,988.08	BBG000BFVXX0	58
8/10/2022	COO	The Cooper Companies Inc.	0.01 %	1,328.96	BBG000BG3445	4
8/10/2022	COP	CONOCOPHILLIPS	0.32 %	43,478.94	BBG000BQQH30	453
8/10/2022	COST	COSTCO WHOLESALE CORP	0.49 %	65,318.22	BBG000F6H8W8	121
8/10/2022	CPB	CAMPBELL SOUP CO	0.03 %	3,945.26	BBG000BG4202	79
8/10/2022	CSCO	CISCO SYSTEMS INC	0.48 %	63,875.76	BBG000C3J3C9	1,388
8/10/2022	CSX	CSX CORP	0.34 %	45,367.92	BBG000BGJRC8	1,332
8/10/2022	CTAS	CINTAS CORP	0.09 %	12,089.84	BBG000H3YXF8	28
8/10/2022	CTRA	COTERRA ENERCOTERRA ENERG	0.11 %	14,958.24	BBG000C3GN47	528
8/10/2022	CTSH	COGNIZANT TECH SOLUTIONS-A	0.08 %	10,632.16	BBG000BBDV81	154
8/10/2022	CTVA	CORTEVA INC-W/I	0.06 %	7,991.97	BBG00BN969C1	133
8/10/2022	CVS	CVS HEALTH CORP	0.35 %	46,822.50	BBG000BGRY34	450
8/10/2022	CVX	CHEVRON CORP	0.40 %	52,978.80	BBG000K4ND22	340
8/10/2022	DD	DUPONT DE NEMOURS INC	0.00 %	425.18	BBG00BN961G4	7
8/10/2022	DE	DEERE & CO	0.36 %	48,625.68	BBG000BH1NH9	138
8/10/2022	DFS	DISCOVER FINANCIAL SERVICES	0.66 %	88,003.70	BBG000QBR5J5	815
8/10/2022	DG	DOLLAR GEN CORP NEW	0.34 %	45,027.03	BBG000NV1KK7	177
8/10/2022	DGX	QUEST DIAGNOSTICS INC	0.09 %	11,983.30	BBG000BN84F3	85
8/10/2022	DHI	DR HORTON INC	0.34 %	46,189.38	BBG000DQTXY6	589
8/10/2022	DLR	DIGITAL REALTY TRUST INC	0.03 %	4,505.00	BBG000Q5ZRM7	34
8/10/2022	DLTR	DOLLAR TREE INC	0.17 %	22,903.86	BBG000BSC0K9	138
8/10/2022	DOV	DOVER CORP	0.07 %	9,100.61	BBG000BHB3M6	67
8/10/2022	DOW	DOW INC	0.12 %	15,941.80	BBG00BN96922	295
8/10/2022	DPZ	Dominos Pizza INC	0.28 %	37,329.00	BBG000P458P3	92
8/10/2022	DRI	DARDEN RESTAURANTS INC	0.03 %	3,896.40	BBG000BBNYF6	30
8/10/2022	DVA	DAVITA INC	0.04 %	4,833.60	BBG000MQ1SN9	53
8/10/2022	DVN	DEVON ENERGY CORP	0.17 %	22,158.45	BBG000BBVJZ8	369
8/10/2022	EA	ELECTRONIC ARTS INC	0.07 %	9,443.52	BBG000BP0KQ8	72
8/10/2022	EBAY	EBAY INC	0.14 %	18,527.00	BBG000C43RR5	382
8/10/2022	EL	ESTEE LAUDER	0.27 %	36,242.50	BBG000FKJRC5	133
8/10/2022	EMN	EASTMAN CHEMICAL CO	0.02 %	2,350.32	BBG000BLW530	24
8/10/2022	EMR	EMERSON ELECTRIC CO	0.11 %	15,144.42	BBG000BHX7N2	173
8/10/2022	EOG	EOG RESOURCES INC	0.22 %	28,991.34	BBG000BZ9223	266
8/10/2022	EPAM	EPAM SYSTEMS INC	0.05 %	6,172.88	BBG000MHTV89	14
8/10/2022	EQR	EQUITY RESIDENTIAL	0.04 %	5,739.99	BBG000BG8M31	73
8/10/2022	ESS	ESSEX PROPERTY TRUST INC	0.01 %	1,456.00	BBG000CGJMB9	5
8/10/2022	ETN	EATON CORP PLC	0.00 %	149.34	BBG000BJ3PD2	1
8/10/2022	EW	EDWARDS LIFESCIENCES CORP	0.11 %	14,436.54	BBG000BRXP69	139
8/10/2022	EXPD	EXPEDITORS INTL WASH INC	0.09 %	12,463.04	BBG000BJ5GK2	116
8/10/2022	EXR	EXTRA SPACE STORAGE INC	0.05 %	6,412.04	BBG000PV27K3	31
8/10/2022	F	FORD MOTOR CO	0.48 %	64,216.50	BBG000BQPC32	4,143
8/10/2022	FANG	DIAMONDBACK ENERGY INC	0.10 %	13,234.20	BBG002PHSYX9	105
8/10/2022	FAST	FASTENAL CO	0.06 %	7,511.34	BBG000BJ8YN7	138
8/10/2022	FBHS	FORTUNE BRANDS HOME & SECURI	0.07 %	9,503.20	BBG001B4BV87	140
8/10/2022	FCX	FREEPORT-MCMORAN INC	0.17 %	22,827.80	BBG000BJDB15	727
8/10/2022	FDS	FACTSET RESEARCH SYSTEMS INC	0.12 %	16,526.20	BBG000BDJL83	38
8/10/2022	FDX	FEDEX CORP	0.22 %	29,521.15	BBG000BJF1Z8	127
8/10/2022	FE	FIRSTENERGY CORP	0.01 %	1,857.91	BBG000BB6M98	47
8/10/2022	FFIV	F5 Inc	0.02 %	2,554.80	BBG000CXYSZ6	15
8/10/2022	FIS	FIDELITY NATIONAL INFO SERV	0.33 %	44,646.36	BBG000BK2F42	447
8/10/2022	FISV	FISERV INC	0.49 %	65,309.02	BBG000BJKPG0	613
8/10/2022	FMC	FMC CORP	0.09 %	11,469.15	BBG000BJP882	105
8/10/2022	FOXA	FOX CORP - CLASS A	0.03 %	4,604.16	BBG00JHNJW99	132
8/10/2022	FRT.UN	FEDERAL REALTY INVS TRUST	0.01 %	1,093.70	BBG000BJVN28	10
8/10/2022	GD	GENERAL DYNAMICS CORP	0.10 %	13,366.68	BBG000BK67C7	58
8/10/2022	GILD	GILEAD SCIENCES INC	0.54 %	72,926.70	BBG000CKGBP2	1,155
8/10/2022	GIS	GENERAL MILLS INC	0.11 %	15,205.68	BBG000BKCFC2	196
8/10/2022	GLW	CORNING INC	0.07 %	9,126.40	BBG000BKFZM4	248
8/10/2022	GNRC	GENERAC HOLDINGS INC	0.11 %	15,318.76	BBG000PQ4W72	59
8/10/2022	GOOGL	ALPHABET INC-CL A	6.02 %	806,897.70	BBG009S39JX6	6,741
8/10/2022	GPC	GENUINE PARTS CO	0.12 %	15,650.96	BBG000BKL348	101
8/10/2022	GPN	GLOBAL PAYMENTS INC	0.24 %	31,824.00	BBG000CX0P89	240
8/10/2022	GRMN	GARMIN LTD	0.10 %	13,371.52	BBG000C4LN67	136
8/10/2022	GWW	WW GRAINGER INC	0.09 %	11,864.37	BBG000BKR1D6	21
8/10/2022	HAL	HALLIBURTON CO	0.02 %	2,414.85	BBG000BKTFN2	85
8/10/2022	HAS	HASBRO INC	0.12 %	16,474.50	BBG000BKVJK4	210
8/10/2022	HCA	HCA HEALTHCARE INC	0.36 %	47,895.12	BBG000QW7VC1	221
8/10/2022	HD	HOME DEPOT INC	2.68 %	358,628.58	BBG000BKZB36	1,151
8/10/2022	HES	HESS CORP	0.02 %	2,582.16	BBG000BBD070	24
8/10/2022	HIG	HARTFORD FINANCIAL SVCS GRP	0.08 %	11,292.58	BBG000G0Z878	169
8/10/2022	HLT	HILTON WORLDWIDE	0.05 %	6,816.66	BBG0058KMH30	51
8/10/2022	HOLX	HOLOGIC INC	0.13 %	17,482.08	BBG000C3NTN5	242
8/10/2022	HON	HONEYWELL INTERNATIONAL INC	0.36 %	47,729.66	BBG000H556T9	242
8/10/2022	HPE	HEWLETT-PACKARD ENTERPRIS	0.04 %	5,310.66	BBG0078W3NQ3	366
8/10/2022	HPQ	HP INC	0.31 %	40,911.92	BBG000KHWT55	1,204
8/10/2022	HSIC	HENRY SCHEIN INC	0.03 %	4,333.71	BBG000BNMMJ3	57
8/10/2022	HSY	HERSHEY CO/THE	0.14 %	19,022.64	BBG000BLHRS2	84
8/10/2022	IBM	International Business Machines Corporation	0.13 %	17,752.50	BBG000BLNNH6	135
8/10/2022	IDXX	IDEXX LABS	0.09 %	12,008.70	BBG000BLRT07	30
8/10/2022	IEX	IDEX CORP	0.02 %	2,137.20	BBG000C1HN22	10
8/10/2022	ILMN	ILLUMINA INC	0.01 %	1,818.40	BBG000DSMS70	8
8/10/2022	INTC	INTEL CORP	0.85 %	113,254.74	BBG000C0G1D1	3,202
8/10/2022	INTU	INTUIT INC	0.17 %	22,948.32	BBG000BH5DV1	48
8/10/2022	IP	INTERNATIONAL PAPER CO	0.06 %	7,944.03	BBG000BM5SR2	183
8/10/2022	IPG	Interpublic Group of Companies Inc.	0.04 %	5,358.60	BBG000C90DH9	180
8/10/2022	IPGP	IPG PHOTONICS CORP	0.00 %	514.00	BBG000DCGRL8	5
8/10/2022	IQV	IQVIA HOLDINGS INC COMMON STOCK USD.01	0.32 %	43,383.89	BBG00333FYS2	181
8/10/2022	IR	INGERSOLL RAND INC	0.14 %	18,728.15	BBG002R1CW27	365
8/10/2022	IRM	IRON MOUNTAIN INC	0.04 %	5,737.78	BBG000KCZPC3	106
8/10/2022	IT	Gartner Inc	0.14 %	19,225.60	BBG000BB65D0	64
8/10/2022	ITW	ILLINOIS TOOL WORKS	0.21 %	28,175.40	BBG000BMBL90	132
8/10/2022	JBHT	JB Hunt Transport Services, Inc.	0.08 %	10,309.68	BBG000BMDBZ1	54
8/10/2022	JCI	JOHNSON CONTROLS	0.00 %	55.45	BBG000BVWLJ6	1
8/10/2022	JKHY	JACK HENRY	0.01 %	1,882.44	BBG000BMH2Q7	9
8/10/2022	JNJ	JOHNSON & JOHNSON	2.22 %	297,989.82	BBG000BMHYD1	1,746
8/10/2022	JNPR	JUNIPER NETWORKS INC	0.01 %	1,895.52	BBG000BY33P5	66
8/10/2022	K	KELLOGG CO	0.06 %	7,551.00	BBG000BMKDM3	100
8/10/2022	KEYS	KEYSIGHT TEC	0.06 %	8,161.44	BBG0059FN811	49
8/10/2022	KHC	KRAFT HEINZ CO/THE	0.03 %	3,438.07	BBG005CPNTQ2	89
8/10/2022	KIM	KIMCO REALTY CORP	0.01 %	1,244.10	BBG000CN3S73	55
8/10/2022	KLAC	KLA Corporation	0.36 %	48,311.79	BBG000BMTFR4	129
8/10/2022	KMB	Kimberly-Clark Corp	0.09 %	11,938.08	BBG000BMW2Z0	88
8/10/2022	KMI	KINDER MORGAN INC	0.02 %	2,376.34	BBG0019JZ882	131
8/10/2022	KMX	CARMAX INC	0.13 %	17,503.50	BBG000BLMZK6	175
8/10/2022	KO	COCA-COLA CO/THE	0.52 %	69,123.90	BBG000BMX289	1,086
8/10/2022	KR	KROGER CO	0.08 %	10,480.96	BBG000BMY992	224
8/10/2022	LDOS	LEIDOS HOLDINGS INC	0.15 %	19,728.00	BBG000C23PB0	200
8/10/2022	LEN	LENNAR CORP-A	0.26 %	34,388.32	BBG000BN5HF7	394
8/10/2022	LH	Laboratory Corp. of America Holdings	0.15 %	19,951.47	BBG000D9DMK0	77
8/10/2022	LHX	L3HARRIS TECHNOLOGIES INC	0.05 %	6,336.36	BBG000BLGFJ9	27
8/10/2022	LIN	LINDE PLC COMMON STOCK EUR.001	0.07 %	9,591.40	BBG00GVR8YQ9	31
8/10/2022	LKQ	LKQ CORP	0.15 %	20,441.40	BBG000PXDL44	372
8/10/2022	LLY	ELI LILLY & CO	0.55 %	74,020.23	BBG000BNBDC2	243
8/10/2022	LMT	LOCKHEED MARTIN CORP	0.45 %	60,198.60	BBG000C1BW00	140
8/10/2022	LOW	LOWES COS INC	1.02 %	136,770.97	BBG000BNDN65	679
8/10/2022	LRCX	LAM RESEARCH CORP	0.36 %	48,505.10	BBG000BNFLM9	98
8/10/2022	LW	LAMB WESTON	0.01 %	2,016.25	BBG003CVMLQ2	25
8/10/2022	LYB	LYONDELLBASELL INDUSTRIES NV COMMON STOCK USD 0.04	0.28 %	37,647.00	BBG000WCFV84	423
8/10/2022	MA	MASTERCARD INC - A	3.16 %	424,056.00	BBG000F1ZSQ2	1,200
8/10/2022	MAA	MID-AMERICA APARTMENT COMM	0.01 %	1,108.44	BBG000BLMY92	6
8/10/2022	MAR	Marriott International, Inc Class A	0.26 %	34,344.12	BBG000BGD7W6	213
8/10/2022	MAS	MASCO CORP	0.15 %	20,279.70	BBG000BNNKG9	378
8/10/2022	MCD	MCDONALDS CORP	0.77 %	102,975.84	BBG000BNSZP1	394
8/10/2022	MCHP	MICROCHIP TECHNOLOGY INC	0.10 %	13,360.41	BBG000BHCP19	189
8/10/2022	MCK	MCKESSON CORP	0.43 %	57,177.99	BBG000DYGNW7	159
8/10/2022	MCO	Moodys Corporation	1.82 %	244,162.78	BBG000F86GP6	757
8/10/2022	MDLZ	MONDELEZ INTERNATIONAL INC-A	0.21 %	27,851.04	BBG000D4LWF6	432
8/10/2022	MDT	MEDTRONIC PLC	0.14 %	18,457.32	BBG000BNWG87	196
8/10/2022	META	META PLATFORMS INC	3.68 %	492,575.08	BBG000MM2P62	2,762
8/10/2022	MHK	MOHAWK INDUSTRIES INC	0.02 %	3,107.50	BBG000FLZN98	25
8/10/2022	MKTX	MarketAxess Holdings Inc.	0.03 %	3,776.22	BBG000BJBZ23	14
8/10/2022	MMC	MARSH & MCLENNAN COS	0.46 %	61,763.52	BBG000BP4MH0	364
8/10/2022	MMM	3M CO	0.31 %	41,975.78	BBG000BP52R2	281
8/10/2022	MO	ALTRIA GROUP INC	0.33 %	44,382.08	BBG000BP6LJ8	992
8/10/2022	MOH	Molina Healthcare Inc	0.07 %	8,903.79	BBG000MBHNC8	27
8/10/2022	MOS	MOSAIC CO/THE	0.05 %	6,856.73	BBG000BFXHL6	127
8/10/2022	MPC	MARATHON PETROLEUM CORP	0.08 %	10,850.52	BBG001DCCGR8	114
8/10/2022	MPWR	MONOLITHIC POWER SYSTEMS INC	0.01 %	1,064.02	BBG000C30L48	2
8/10/2022	MRNA	MODERNA INC	0.56 %	75,633.18	BBG003PHHZT1	434
8/10/2022	MRO	MARATHON OIL CORP	0.03 %	3,418.02	BBG000C8H633	153
8/10/2022	MSFT	MICROSOFT CORP	5.61 %	751,526.84	BBG000BPH459	2,599
8/10/2022	MSI	MOTOROLA SOLUTIONS INC	0.10 %	13,915.00	BBG000BP8Z50	55
8/10/2022	MTD	METTLER-TOLEDO	0.25 %	33,669.50	BBG000BZCKH3	25
8/10/2022	MU	MICRON TECHNOLOGY INC	0.18 %	24,130.20	BBG000C5Z1S3	393
8/10/2022	NDSN	NORDSON CORP	0.03 %	4,043.79	BBG000BPWGR1	17
8/10/2022	NEM	NEWMONT GOLDCORP CORPORATION COM	0.02 %	2,469.96	BBG000BPWXK1	54
8/10/2022	NFLX	NETFLIX INC	0.31 %	41,986.92	BBG000CL9VN6	172
8/10/2022	NKE	NIKE INC -CL B	0.50 %	67,318.30	BBG000C5HS04	595
8/10/2022	NLOK	Nortonlifelock Inc	0.02 %	2,360.98	BBG000BH2JM1	97
8/10/2022	NLSN	Nielsen Holdings PLC	0.10 %	13,535.60	BBG0088CYPX8	494
8/10/2022	NOC	NORTHROP GRUMMAN CORP	0.30 %	39,743.76	BBG000BQ2C28	84
8/10/2022	NOW	SERVICENOW INC	0.03 %	3,613.40	BBG000M1R011	7
8/10/2022	NRG	NRG ENERGY INC	0.03 %	3,453.12	BBG000D8RG11	88
8/10/2022	NSC	NORFOLK SOUTHERN CORP	0.23 %	30,393.26	BBG000BQ5DS5	118
8/10/2022	NUE	NUCOR CORP	0.26 %	34,523.56	BBG000BQ8KV2	244
8/10/2022	NVR	NVR INC	0.20 %	26,363.94	BBG000BQBYR3	6
8/10/2022	NWL	NEWELL BRANDS INC	0.00 %	594.79	BBG000BQC9V2	29
8/10/2022	NXPI	NXP Semiconductors NV	0.26 %	35,094.15	BBG000BND699	195
8/10/2022	ODFL	Old Dominion Freight Line Inc.	0.10 %	13,561.34	BBG000CHSS88	43
8/10/2022	OGN	ORGANON CO WI	0.06 %	7,816.96	BBG00ZQRGW24	248
8/10/2022	OKE	ONEOK INC	0.09 %	12,701.04	BBG000BQHGR6	204
8/10/2022	OMC	OMNICOM GROUP	0.13 %	17,457.12	BBG000BS9489	243
8/10/2022	ORCL	ORACLE CORP	0.90 %	120,652.24	BBG000BQLTW7	1,556
8/10/2022	ORLY	OREILLY AUTOMOTIVE INC	0.73 %	97,896.88	BBG000BGYWY6	136
8/10/2022	OXY	OCCIDENTAL PETROLEUM CORP	0.15 %	20,115.20	BBG000BQQ2S6	320
8/10/2022	PAYX	PAYCHEX INC	0.05 %	6,376.32	BBG000BQSQ38	48
8/10/2022	PCAR	PACCAR INC	0.08 %	10,817.00	BBG000BQVTF5	116
8/10/2022	PEAK	HEALTHPEAK PROPERTIES INC	0.01 %	1,634.44	BBG000BKYDP9	58
8/10/2022	PEP	PEPSICO INC	0.42 %	55,772.98	BBG000DH7JK6	317
8/10/2022	PFE	PFIZER INC	1.92 %	256,593.15	BBG000BR2B91	5,137
8/10/2022	PG	PROCTER & GAMBLE CO/THE	0.90 %	120,843.80	BBG000BR2TH3	826
8/10/2022	PGR	PROGRESSIVE CORP	0.19 %	25,991.35	BBG000BR37X2	215
8/10/2022	PH	PARKER-HANNIFIN CORP COMMON STOCK USD 0.5	0.07 %	9,590.08	BBG000BR3KL6	32
8/10/2022	PHM	PULTEGROUP INC	0.12 %	15,930.93	BBG000BR54L0	361
8/10/2022	PKG	Packaging Corp. of America	0.04 %	4,800.12	BBG000BB8SW7	34
8/10/2022	PLD	PROLOGIS INC	0.04 %	4,838.76	BBG000B9Z0J8	36
8/10/2022	PM	PHILIP MORRIS INTERNATIONAL	0.74 %	98,522.52	BBG000J2XL74	1,004
8/10/2022	PNC	PNC FINANCIAL SERVICES GROUP	0.12 %	15,590.32	BBG000BRD0D8	92
8/10/2022	PNR	Pentair plc	0.05 %	6,632.71	BBG000C221G9	133
8/10/2022	PPL	PPL CORP	0.03 %	3,480.00	BBG000BRJL00	120
8/10/2022	PSX	PHILLIPS 66	0.09 %	11,474.42	BBG00286S4N9	134
8/10/2022	PXD	PIONEER NATURAL RESOURCES CO	0.21 %	28,531.80	BBG000BXRPH1	131
8/10/2022	PYPL	PAYPAL HOLDINGS INC	0.27 %	35,508.69	BBG0077VNXV6	359
8/10/2022	QCOM	QUALCOMM INC	0.73 %	97,307.38	BBG000CGC1X8	662
8/10/2022	QRVO	QORVO INC	0.05 %	6,867.63	BBG007TJF1N7	63
8/10/2022	REG	REGENCY CENTERS CORP	0.00 %	260.48	BBG000BL46Q4	4
8/10/2022	REGN	REGENERON PHARMACEUTICALS	0.37 %	50,036.22	BBG000C734W3	78
8/10/2022	RHI	ROBERT HALF INTL INC	0.02 %	2,881.80	BBG000BS5DR2	36
8/10/2022	RMD	RESMED INC	0.03 %	4,140.86	BBG000L4M7F1	17
8/10/2022	ROL	Rollins Inc	0.02 %	2,911.74	BBG000BSBBP1	78
8/10/2022	ROP	ROPER TECHNOLOGIES INC	0.35 %	47,377.44	BBG000F1ZSN5	108
8/10/2022	RSG	REPUBLIC SERVICES INC	0.00 %	142.94	BBG000BPXVJ6	1
8/10/2022	SBUX	STARBUCKS CORP	0.39 %	51,980.49	BBG000CTQBF3	601
8/10/2022	SEDG	SOLAREDGE TECHNOLOGIES INC	0.01 %	1,618.70	BBG0084BBZY6	5
8/10/2022	SEE	SEALED AIR CORP	0.03 %	4,142.16	BBG000C22QV7	72
8/10/2022	SHW	SHERWIN-WILLIAMS CO/THE	0.30 %	39,973.36	BBG000BSXQV7	164
8/10/2022	SJM	J M Smucker Co COM STK NPV	0.05 %	6,435.84	BBG000BT1715	48
8/10/2022	SLB	SCHLUMBERGER LTD	0.01 %	873.00	BBG000BT41Q8	25
8/10/2022	SNA	SNAP-ON INC	0.05 %	6,576.91	BBG000BT7JW9	29
8/10/2022	SNPS	SYNOPSYS INC	0.07 %	9,017.04	BBG000BSFRF3	24
8/10/2022	SPG	SIMON PROPERTY GROUP INC	0.23 %	31,075.02	BBG000BJ2D31	279
8/10/2022	SPGI	S&P GLOBAL INC	2.94 %	393,593.20	BBG000BP1Q11	1,001
8/10/2022	STX	SEAGATE TECHNOLOGY-ORDINARY SHARES	0.04 %	5,141.76	BBG0113JGQF0	64
8/10/2022	STZ	CONSTELLATION BRANDS INC-A	0.09 %	11,622.24	BBG000J1QLT0	48
8/10/2022	SYF	SYNCHRONY FINANCIAL	0.31 %	41,472.58	BBG00658F3P3	1,163
8/10/2022	SYK	STRYKER CORP	0.13 %	17,536.00	BBG000DN7P92	80
8/10/2022	SYY	SYSCO CORP	0.02 %	2,206.44	BBG000BTVJ25	27
8/10/2022	TDG	TRANSDIGM GROUP INC	0.04 %	5,994.54	BBG000L8CBX4	9
8/10/2022	TECH	BIO-TECHNE CORP	0.01 %	1,519.80	BBG000C15114	4
8/10/2022	TEL	TE CONNECTIVITY LTD	0.08 %	10,065.75	BBG000RGM5P1	75
8/10/2022	TER	TERADYNE INC	0.06 %	8,623.44	BBG000BV4DR6	87
8/10/2022	TFX	TELEFLEX INC	0.02 %	3,302.65	BBG000BV59Y6	13
8/10/2022	TGT	TARGET CORP	0.53 %	71,261.40	BBG000H8TVT2	420
8/10/2022	TPR	TAPESTRY INC COMMON STOCK USD.01	0.05 %	6,715.80	BBG000BY29C7	195
8/10/2022	TRMB	TRIMBLE INC	0.05 %	6,230.00	BBG000BNPS52	89
8/10/2022	TROW	T ROWE PRICE GROUP INC	0.36 %	47,662.29	BBG000BVMPN3	367
8/10/2022	TRV	The Travelers Companies Inc.	0.04 %	5,775.35	BBG000BJ81C1	35
8/10/2022	TSCO	TRACTOR SUPPLY COMPANY	0.10 %	13,076.40	BBG000BLXZN1	68
8/10/2022	TSLA	Tesla Inc.	0.49 %	66,230.25	BBG000N9MNX3	75
8/10/2022	TSN	TYSON FOODS INC-CL A	0.12 %	15,713.28	BBG000DKCC19	198
8/10/2022	TT	TRANE TECHNOLOGIES PLC	0.08 %	10,425.36	BBG000BM6788	66
8/10/2022	TTWO	TAKE-TWO INTERACTIVE SOFTWRE	0.05 %	6,437.08	BBG000BS1YV5	52
8/10/2022	TXN	TEXAS INSTRUMENTS INC	1.32 %	177,077.04	BBG000BVV7G1	967
8/10/2022	TXT	TEXTRON INC	0.01 %	1,742.26	BBG000BVVQQ8	26
8/10/2022	UAA	UNDER ARMOUR INC-CLASS A	0.00 %	439.20	BBG000BXM6V2	45
8/10/2022	UHS	UNIVERSAL HEALTH SERVICES-B	0.02 %	2,928.64	BBG000CB8Q50	26
8/10/2022	ULTA	Ulta Beauty Inc.	0.07 %	9,537.00	BBG00FWQ4VD6	25
8/10/2022	UNH	UNITEDHEALTH GROUP INC	0.69 %	91,950.12	BBG000CH5208	171
8/10/2022	UNP	UNION PACIFIC CORP	0.65 %	86,523.92	BBG000BW3299	367
8/10/2022	UPS	UNITED PARCEL SERVICE-CL B	0.51 %	68,198.69	BBG000L9CV04	337
8/10/2022	URI	UNITED RENTALS INC	0.10 %	13,773.90	BBG000BXMFC3	42
8/10/2022	V	VISA INC-CLASS A SHARES	1.01 %	135,319.80	BBG000PSKYX7	638
8/10/2022	VIAC	PARAMOUNT GLOBAL CLASS B COMMON STOCK USD.001	0.02 %	2,784.99	BBG000C496P7	111
8/10/2022	VLO	VALERO ENERGY CORP	0.06 %	8,605.52	BBG000BBGGQ1	77
8/10/2022	VMC	VULCAN MATERIALS CO	0.01 %	1,396.16	BBG000BWGYF8	8
8/10/2022	VRSK	VERISK ANALYTICS INC	0.15 %	19,608.55	BBG000BCZL41	97
8/10/2022	VRSN	VERISIGN INC	0.20 %	27,179.60	BBG000BGKHZ3	136
8/10/2022	VRTX	VERTEX PHARMACEUTICALS INC	0.23 %	31,055.85	BBG000C1S2X2	105
8/10/2022	VTR	Ventas Inc.	0.04 %	5,407.50	BBG000FRVHB9	105
8/10/2022	VTRS	VIATRIS INC	0.02 %	3,198.69	BBG00Y4RQNH4	297
8/10/2022	WAB	WABTEC CORP	0.03 %	4,531.20	BBG000BDD940	48
8/10/2022	WAT	WATERS CORP	0.06 %	7,938.96	BBG000FQRVM3	24
8/10/2022	WBA	WALGREENS BOOTS ALLIANCE INC	0.13 %	17,835.30	BBG000BWLMJ4	447
8/10/2022	WBD	Warner Bros Discovery Inc	0.03 %	4,349.20	BBG011386VF4	332
8/10/2022	WHR	WHIRLPOOL CORP	0.09 %	12,331.36	BBG000BWSV34	74
8/10/2022	WLTW	WILLIS TOWERS WATSON PLC	0.05 %	7,107.21	BBG000DB3KT1	33
8/10/2022	WM	WASTE MANAGEMENT INC	0.00 %	170.07	BBG000BWVSR1	1
8/10/2022	WMB	Williams Companies Inc.	0.06 %	7,990.84	BBG000BWVCP8	242
8/10/2022	WMT	WAL-MART STORES INC	1.10 %	146,961.32	BBG000BWXBC2	1,138
8/10/2022	WRK	WESTROCK CO	0.00 %	458.37	BBG008NXC572	11
8/10/2022	WST	WEST PHARMACEUTICAL SERVICES	0.01 %	1,355.36	BBG000BX24N8	4
8/10/2022	WY	WEYERHAEUSER CO	0.05 %	6,061.44	BBG000BX3BL3	168
8/10/2022	XOM	EXXON MOBIL CORP	0.71 %	94,925.10	BBG000GZQ728	1,038
8/10/2022	XRAY	DENTSPLY SIRONA INC	0.00 %	407.44	BBG000BX57K1	11
8/10/2022	XYL	Xylem Inc/NY	0.01 %	703.36	BBG001D8R5D0	7
8/10/2022	YUM	YUM! BRANDS INC	0.31 %	41,951.36	BBG000BH3GZ2	352
8/10/2022	ZBH	ZIMMER BIOMET HOLDINGS INC	0.02 %	2,759.28	BBG000BKPL53	24
8/10/2022	ZBRA	ZEBRA TECHNOLOGIES CORP-CL A	0.09 %	12,168.19	BBG000CC7LQ7	37
8/10/2022	ZTS	ZOETIS INC	0.18 %	24,194.34	BBG0039320N9	139
8/10/2022		CASH AND CASH EQUIVALENTS	1.21 %	161,858.86

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.