EXCHANGE LISTED FUNDS TRUST
QRAFT AI-Enhanced U.S. High Dividend ETF (HDIV)
QRAFT AI-Enhanced U.S. Large Cap ETF (QRFT)
QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM)
QRAFT AI-Enhanced U.S. Next Value ETF (NVQ)
Semi-Annual Report
October 31, 2022
(Unaudited)
Exchange Listed Funds Trust TABLE OF CONTENTS |
October 31, 2022 (Unaudited) |
QRAFT AI-Enhanced U.S. High Dividend ETF |
||
1 | ||
3 | ||
QRAFT AI-Enhanced U.S. Large Cap ETF |
||
4 | ||
9 | ||
QRAFT AI-Enhanced U.S. Large Cap Momentum ETF |
||
10 | ||
11 | ||
QRAFT AI-Enhanced U.S. Next Value ETF |
||
12 | ||
14 | ||
15 | ||
16 | ||
17 | ||
19 | ||
21 | ||
29 | ||
30 | ||
31 |
Before investing you should carefully consider each Fund’s investment objectives, risks, charges and expenses. This and other information is available in the Funds’ prospectus, a copy of which may be obtained by visiting the Funds’ website at www.qraftaietf.com. Please read the Funds’ prospectus carefully before you invest.
There are risks involved with investing, including possible loss of principal, and there is no guarantee each Fund will achieve its investment objective. Each Fund, except for the QRAFT AI-Enhanced U.S. Large Cap ETF, is classified as a non-diversified investment company under the Investment Company Act of 1940 (the “1940 Act”). The QRAFT AI-Enhanced U.S. Large Cap ETF is classified as a diversified investment company under the 1940 Act. Concentration in a particular industry or sector will subject each Fund to loss due to adverse occurrences that may affect that industry or sector.
Individual shares of each Fund may be purchased or sold in the secondary market throughout the regular trading day on the NYSE Arca, Inc. (the “Exchange”) through a brokerage account. However, shares are not individually redeemable directly from a Fund. Each Fund issues and redeems shares on a continuous basis, at net asset value (“NAV”), only in large blocks of shares (“Creation Units”).
Distributor: Foreside Fund Services, LLC
i
Number of
|
Value | ||||
COMMON STOCKS — 99.3% | |||||
COMMUNICATION SERVICES — 1.0% |
|
||||
News Corp., Class A |
845 |
$ |
14,255 | ||
Sirius XM Holdings, Inc. |
5,194 |
|
31,372 | ||
|
45,627 | ||||
CONSUMER DISCRETIONARY — 26.2% | |||||
Advance Auto Parts, Inc. |
86 |
|
16,333 | ||
Bath & Body Works, Inc. |
337 |
|
11,249 | ||
Best Buy Co., Inc. |
309 |
|
21,139 | ||
BRP, Inc. |
132 |
|
8,824 | ||
Columbia Sportswear Co. |
102 |
|
7,599 | ||
Crocs, Inc.* |
101 |
|
7,146 | ||
Darden Restaurants, Inc. |
170 |
|
24,334 | ||
Dick’s Sporting Goods, Inc. |
85 |
|
9,670 | ||
Dollar Tree, Inc.* |
294 |
|
46,599 | ||
DR Horton, Inc. |
462 |
|
35,519 | ||
Garmin Ltd. |
263 |
|
23,154 | ||
Genuine Parts Co. |
189 |
|
33,616 | ||
Hasbro, Inc. |
198 |
|
12,919 | ||
Home Depot, Inc. (The) |
1,181 |
|
349,730 | ||
Lithia Motors, Inc., Class A |
42 |
|
8,322 | ||
Lowe’s Cos., Inc. |
792 |
|
154,400 | ||
Newell Brands, Inc. |
636 |
|
8,783 | ||
O’Reilly Automotive, Inc.* |
82 |
|
68,648 | ||
Penske Automotive Group, Inc. |
110 |
|
12,278 | ||
Polaris, Inc. |
92 |
|
9,347 | ||
Ross Stores, Inc. |
461 |
|
44,113 | ||
Tapestry, Inc. |
360 |
|
11,405 | ||
Target Corp. |
592 |
|
97,236 | ||
Tempur Sealy International, Inc. |
283 |
|
7,610 | ||
Tractor Supply Co. |
149 |
|
32,746 | ||
Ulta Beauty, Inc.* |
69 |
|
28,937 | ||
VF Corp. |
543 |
|
15,340 | ||
Whirlpool Corp. |
81 |
|
11,197 | ||
Williams-Sonoma, Inc. |
100 |
|
12,383 | ||
Yum! Brands, Inc. |
374 |
|
44,225 | ||
|
1,174,801 | ||||
CONSUMER STAPLES — 32.1% |
|
||||
Albertsons Cos., Inc., Class A |
735 |
|
15,075 | ||
Altria Group, Inc. |
2,314 |
|
107,069 | ||
BJ’s Wholesale Club Holdings, Inc.* |
192 |
|
14,861 | ||
Casey’s General Stores, Inc. |
55 |
|
12,799 | ||
Clorox Co. (The) |
168 |
|
24,535 | ||
Colgate-Palmolive Co. |
1,081 |
|
79,821 |
Number of
|
Value | ||||
COMMON STOCKS (Continued) | |||||
CONSUMER STAPLES (Continued) | |||||
Coty, Inc., Class A* |
1,309 |
$ |
8,783 | ||
Estee Lauder Cos., Inc. (The), Class A |
300 |
|
60,147 | ||
Flowers Foods, Inc. |
331 |
|
9,503 | ||
Hershey Co. (The) |
193 |
|
46,083 | ||
Kellogg Co. |
452 |
|
34,723 | ||
Kimberly-Clark Corp. |
440 |
|
54,762 | ||
Kroger Co. (The) |
940 |
|
44,452 | ||
PepsiCo, Inc. |
1,753 |
|
318,310 | ||
Philip Morris International, Inc. |
1,977 |
|
181,587 | ||
Sysco Corp. |
662 |
|
57,303 | ||
US Foods Holding Corp.* |
343 |
|
10,208 | ||
Walmart, Inc. |
2,513 |
|
357,675 | ||
|
1,437,696 | ||||
ENERGY — 3.1% |
|
||||
Antero Midstream Corp. |
776 |
|
8,264 | ||
Enterprise Products Partners LP |
2,819 |
|
71,180 | ||
Magellan Midstream Partners LP |
295 |
|
15,915 | ||
MPLX LP |
1,331 |
|
44,642 | ||
|
140,001 | ||||
FINANCIALS — 6.1% |
|
||||
AGNC Investment Corp., REIT |
847 |
|
6,962 | ||
American Financial Group, Inc. |
120 |
|
17,413 | ||
Annaly Capital Management, Inc., REIT |
636 |
|
11,798 | ||
Citizens Financial Group, Inc. |
672 |
|
27,485 | ||
FS KKR Capital Corp. |
451 |
|
8,659 | ||
Invesco Ltd. |
689 |
|
10,555 | ||
KeyCorp |
1,276 |
|
22,802 | ||
Owl Rock Capital Corp. |
649 |
|
7,704 | ||
Prudential Financial, Inc. |
488 |
|
51,333 | ||
T Rowe Price Group, Inc. |
302 |
|
32,060 | ||
Truist Financial Corp. |
1,711 |
|
76,636 | ||
|
273,407 | ||||
HEALTH CARE — 4.2% |
|
||||
Cardinal Health, Inc. |
368 |
|
27,931 | ||
CVS Health Corp. |
1,675 |
|
158,623 | ||
|
186,554 | ||||
INDUSTRIALS — 7.0% |
|
||||
3M Co. |
734 |
|
92,330 | ||
Acuity Brands, Inc. |
51 |
|
9,362 | ||
AGCO Corp. |
111 |
|
13,783 | ||
Donaldson Co., Inc. |
187 |
|
10,743 |
1
QRAFT AI-Enhanced U.S. High Dividend ETF SCHEDULE OF INVESTMENTS (Concluded) |
October 31, 2022 (Unaudited) |
Number of
|
Value | ||||
COMMON STOCKS (Continued) | |||||
INDUSTRIALS (Continued) | |||||
Fastenal Co. |
760 |
$ |
36,731 | ||
Ferguson PLC |
282 |
|
30,811 | ||
Fortune Brands Home & Security, Inc. |
193 |
|
11,642 | ||
Landstar System, Inc. |
57 |
|
8,904 | ||
Lennox International, Inc. |
52 |
|
12,146 | ||
Robert Half International, Inc. |
159 |
|
12,157 | ||
Snap-On, Inc. |
75 |
|
16,654 | ||
UFP Industries, Inc. |
100 |
|
7,123 | ||
WESCO International, Inc.* |
77 |
|
10,608 | ||
WW Grainger, Inc. |
67 |
|
39,151 | ||
|
312,145 | ||||
INFORMATION TECHNOLOGY — 15.9% | |||||
Cisco Systems, Inc. |
5,270 |
|
239,416 | ||
Hewlett Packard Enterprise Co. |
1,772 |
|
25,286 | ||
International Business Machines Corp. |
1,154 |
|
159,587 | ||
Juniper Networks, Inc. |
468 |
|
14,321 | ||
Logitech International SA |
241 |
|
11,963 | ||
National Instruments Corp. |
209 |
|
7,980 | ||
NetApp, Inc. |
303 |
|
20,989 | ||
Seagate Technology Holdings PLC |
293 |
|
14,550 | ||
Texas Instruments, Inc. |
1,164 |
|
186,973 | ||
Ubiquiti, Inc. |
82 |
|
28,434 | ||
|
709,499 | ||||
MATERIALS — 3.1% |
|
||||
Dow, Inc. |
943 |
|
44,076 | ||
Reliance Steel & Aluminum Co. |
85 |
|
17,126 | ||
Southern Copper Corp. |
1,012 |
|
47,533 | ||
Steel Dynamics, Inc. |
253 |
|
23,795 | ||
United States Steel Corp. |
386 |
|
7,859 | ||
|
140,389 | ||||
REAL ESTATE — 0.4% |
|
||||
Omega Healthcare Investors, Inc., REIT |
349 |
|
11,091 | ||
Vornado Realty Trust, REIT |
310 |
|
7,313 | ||
|
18,404 | ||||
UTILITIES — 0.2% |
|
||||
NextEra Energy Partners LP |
128 |
|
9,481 | ||
TOTAL COMMON
STOCKS |
|
4,448,004 |
Number of
|
Value | ||||
SHORT-TERM INVESTMENTS — 0.5% | |||||
Invesco Government & Agency Portfolio – Institutional Class, 3.07%(a) |
22,518 |
$ |
22,518 | ||
TOTAL SHORT TERM
INVESTMENTS |
|
22,518 | |||
TOTAL INVESTMENTS
— 99.8% |
|
4,470,522 | |||
Other Assets in Excess of Liabilities — 0.2% |
|
10,146 | |||
TOTAL NET ASSETS — 100.0% |
$ |
4,480,668 |
* Non-income producing security.
(a) The rate is the annualized seven-day yield at period end.
REIT : Real Estate Investment Trust
2
Security Type/Sector |
Percent of
| ||
Common Stocks |
| ||
Communication Services |
1.0 |
% | |
Consumer Discretionary |
26.2 |
% | |
Consumer Staples |
32.1 |
% | |
Energy |
3.1 |
% | |
Financials |
6.1 |
% | |
Health Care |
4.2 |
% | |
Industrials |
7.0 |
% | |
Information Technology |
15.9 |
% | |
Materials |
3.1 |
% | |
Real Estate |
0.4 |
% | |
Utilities |
0.2 |
% | |
Total Common Stocks |
99.3 |
% | |
Short-Term Investments |
0.5 |
% | |
Total Investments |
99.8 |
% | |
Other Assets in Excess of Liabilities |
0.2 |
% | |
Total Net Assets |
100.0 |
% |
3
Number of
|
Value | ||||
COMMON STOCKS — 99.7% | |||||
COMMUNICATION SERVICES — 3.4% | |||||
Activision Blizzard, Inc. |
65 |
$ |
4,732 | ||
Alphabet, Inc., Class A* |
1,025 |
|
96,873 | ||
AT&T, Inc. |
591 |
|
10,774 | ||
BCE, Inc. |
171 |
|
7,712 | ||
Comcast Corp., Class A |
369 |
|
11,712 | ||
Electronic Arts, Inc. |
27 |
|
3,401 | ||
Meta Platforms, Inc., Class A* |
190 |
|
17,700 | ||
Netflix, Inc.* |
37 |
|
10,800 | ||
TELUS Corp. |
261 |
|
5,452 | ||
T-Mobile US, Inc.* |
103 |
|
15,611 | ||
Verizon Communications, Inc. |
346 |
|
12,930 | ||
Walt Disney Co. (The)* |
150 |
|
15,981 | ||
Warner Bros Discovery, Inc.* |
241 |
|
3,133 | ||
|
216,811 | ||||
CONSUMER DISCRETIONARY — 8.9% | |||||
Airbnb, Inc., Class A* |
31 |
|
3,314 | ||
Amazon.com, Inc.* |
855 |
|
87,586 | ||
AutoZone, Inc.* |
2 |
|
5,066 | ||
Booking Holdings, Inc.* |
3 |
|
5,608 | ||
Chipotle Mexican Grill, Inc.* |
3 |
|
4,495 | ||
Coupang, Inc.* |
134 |
|
2,314 | ||
Dollar Tree, Inc.* |
24 |
|
3,804 | ||
Ferrari NV |
17 |
|
3,345 | ||
Ford Motor Co. |
325 |
|
4,345 | ||
Home Depot, Inc. (The) |
85 |
|
25,171 | ||
Las Vegas Sands Corp.* |
76 |
|
2,889 | ||
Lowe’s Cos., Inc. |
52 |
|
10,137 | ||
Lululemon Athletica, Inc.* |
349 |
|
114,835 | ||
Magna International, Inc. |
66 |
|
3,678 | ||
McDonald’s Corp. |
60 |
|
16,360 | ||
MercadoLibre, Inc.* |
3 |
|
2,705 | ||
Murphy USA, Inc. |
204 |
|
64,160 | ||
NVR, Inc.* |
17 |
|
72,042 | ||
O’Reilly Automotive, Inc.* |
5 |
|
4,186 | ||
Pool Corp. |
132 |
|
40,158 | ||
Rivian Automotive, Inc., Class A* |
89 |
|
3,112 | ||
Ross Stores, Inc. |
29 |
|
2,775 | ||
Starbucks Corp. |
94 |
|
8,140 | ||
Stellantis NV |
312 |
|
4,218 | ||
Target Corp. |
38 |
|
6,242 |
Number of
|
Value | ||||
COMMON STOCKS (Continued) | |||||
CONSUMER DISCRETIONARY (Continued) | |||||
Tesla, Inc.* |
262 |
$ |
59,616 | ||
TJX Cos., Inc. (The) |
96 |
|
6,922 | ||
Yum! Brands, Inc. |
28 |
|
3,311 | ||
|
570,534 | ||||
CONSUMER STAPLES — 3.9% |
|
||||
Altria Group, Inc. |
150 |
|
6,940 | ||
Archer-Daniels-Midland Co. |
45 |
|
4,364 | ||
Coca-Cola Co. (The) |
359 |
|
21,486 | ||
Colgate-Palmolive Co. |
69 |
|
5,095 | ||
Costco Wholesale Corp. |
157 |
|
78,736 | ||
Estee Lauder Cos., Inc. (The), Class A |
18 |
|
3,609 | ||
General Mills, Inc. |
49 |
|
3,997 | ||
Hershey Co. (The) |
15 |
|
3,582 | ||
Hormel Foods Corp. |
45 |
|
2,090 | ||
Kimberly-Clark Corp. |
28 |
|
3,485 | ||
Kroger Co. (The) |
73 |
|
3,452 | ||
Mondelez International, Inc., Class A |
115 |
|
7,070 | ||
Monster Beverage Corp.* |
45 |
|
4,217 | ||
PepsiCo, Inc. |
115 |
|
20,882 | ||
Philip Morris International, Inc. |
129 |
|
11,849 | ||
Procter & Gamble Co. (The) |
199 |
|
26,799 | ||
Sysco Corp. |
42 |
|
3,636 | ||
Walgreens Boots Alliance, Inc. |
86 |
|
3,139 | ||
Walmart, Inc. |
227 |
|
32,309 | ||
|
246,737 | ||||
ENERGY — 4.6% |
|
||||
Canadian Natural Resources Ltd. |
218 |
|
13,067 | ||
Cenovus Energy, Inc. |
371 |
|
7,494 | ||
Chevron Corp. |
163 |
|
29,487 | ||
ConocoPhillips |
108 |
|
13,618 | ||
Coterra Energy, Inc. |
1,865 |
|
58,057 | ||
Devon Energy Corp. |
54 |
|
4,177 | ||
Enbridge, Inc. |
381 |
|
14,840 | ||
Energy Transfer LP |
308 |
|
3,933 | ||
Enterprise Products Partners LP |
1,446 |
|
36,512 | ||
EOG Resources, Inc. |
48 |
|
6,553 | ||
Exxon Mobil Corp. |
347 |
|
38,451 | ||
Hess Corp. |
31 |
|
4,374 | ||
Marathon Petroleum Corp. |
45 |
|
5,113 |
4
QRAFT AI-Enhanced U.S. Large Cap ETF SCHEDULE OF INVESTMENTS (Continued) |
October 31, 2022 (Unaudited) |
Number of
|
Value | ||||
COMMON STOCKS (Continued) | |||||
ENERGY (Continued) | |||||
MPLX LP |
101 |
$ |
3,388 | ||
Occidental Petroleum Corp. |
78 |
|
5,663 | ||
Ovintiv, Inc. |
59 |
|
2,988 | ||
Pembina Pipeline Corp. |
104 |
|
3,433 | ||
Phillips 66 |
39 |
|
4,067 | ||
Pioneer Natural Resources Co. |
20 |
|
5,128 | ||
Schlumberger NV |
116 |
|
6,035 | ||
Suncor Energy, Inc. |
267 |
|
9,182 | ||
TC Energy Corp. |
185 |
|
8,125 | ||
Valero Energy Corp. |
33 |
|
4,143 | ||
Williams Cos., Inc. (The) |
121 |
|
3,960 | ||
|
291,788 | ||||
FINANCIALS — 18.9% |
|
||||
Aflac, Inc. |
65 |
|
4,232 | ||
Allstate Corp. (The) |
279 |
|
35,224 | ||
American Express Co. |
62 |
|
9,204 | ||
American International Group, Inc. |
79 |
|
4,503 | ||
Ameriprise Financial, Inc. |
10 |
|
3,091 | ||
Aon PLC, Class A |
202 |
|
56,861 | ||
Apollo Global Management, Inc. |
58 |
|
3,211 | ||
Arthur J Gallagher & Co. |
208 |
|
38,913 | ||
Bank of America Corp. |
666 |
|
24,003 | ||
Bank of Montreal |
122 |
|
11,234 | ||
Bank of New York Mellon Corp. (The) |
80 |
|
3,369 | ||
Bank of Nova Scotia (The) |
227 |
|
10,969 | ||
Berkshire Hathaway, Inc., Class B* |
417 |
|
123,053 | ||
BlackRock, Inc. |
73 |
|
47,151 | ||
Blackstone, Inc. |
59 |
|
5,377 | ||
Brookfield Asset Management, Inc., Class A |
295 |
|
11,685 | ||
Canadian Imperial Bank of Commerce |
171 |
|
7,765 | ||
Capital One Financial Corp. |
32 |
|
3,393 | ||
Charles Schwab Corp. (The) |
150 |
|
11,950 | ||
Chubb Ltd. |
35 |
|
7,521 | ||
Citigroup, Inc. |
160 |