Semiannual Report
February 28, 2023 (Unaudited)
Nationwide ETFs
Nationwide Nasdaq-100® Risk-Managed Income ETF| NUSI
Nationwide Dow Jones® Risk-Managed Income ETF| NDJI
Nationwide Russell 2000® Risk-Managed Income ETF| NTKI
Nationwide S&P 500® Risk-Managed Income ETF| NSPI
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Nationwide ETFs |
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Table of Contents
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Page | |
|
Letter to Investors |
1 |
|
Portfolio Allocations |
4 |
|
Schedules of Investments and Schedules of Written Options |
5 |
|
Statements of Assets and Liabilities |
42 |
|
Statements of Operations |
43 |
|
Statements of Changes in Net Assets |
44 |
|
Financial Highlights |
48 |
|
Notes to Financial Statements |
52 |
|
Expense Examples |
62 |
|
Review of Liquidity Risk Management Program |
64 |
|
Federal Tax Information |
65 |
|
Information About Portfolio Holdings |
65 |
|
Information About Proxy Voting |
65 |
|
Information About the Funds’ Trustees |
65 |
|
Frequency Distribution of Premiums and Discounts |
65 |
|
Letter to Investors (Unaudited) |
|
February 28, 2023
Dear Investors,
In these complex and uncertain times, we continue to work relentlessly to navigate markets and manage the assets entrusted to us. At Nationwide, we hold your confidence in the highest regard and will continue to work carefully to fulfill your diverse investment needs. In addition, we will maintain our unshakeable commitment to our employees, communities, and ultimately you, our investors.
During the six-month reporting period ended February 28, 2023, equity markets in the United States and other developed market economies showed remarkable endurance in the face of inflation, rising interest rates, and the ongoing war in Ukraine. Still, the concerns that weighed on equities and bond markets at the beginning of the reporting period will likely continue in the coming months. In the second quarter of 2022, the U.S. annualized gross domestic product (“GDP”) decreased by -0.6%. Then, the economy experienced stronger-than-anticipated growth, as the third and fourth quarters of 2022 delivered annualized GDP growth of 3.2% and 2.7%, respectively. Finally, the Atlanta Fed GDPNow1 initial estimate for the first quarter of 2023 GDP, as of this writing, was estimated at 2.6%.
In the U.S., the Federal Reserve (“Fed”) continued to take several steps to quell inflation. The Fed moderated the pace of interest rate hikes to 0.50% in December after four increases in a row of 0.75%. In January 2023, the Fed downshifted the interest rate hiking cycle to 0.25%, pushing the federal funds rate to a range between 4.25% and 4.75%. Likewise, following the Fed’s announcement of its interest rate hike decision on February 1, 2023, the European Central Bank (“ECB”) and the Bank of England (“BoE”) each followed suit with a 0.50% hike and reiterated that quantitative tightening (“QT”) would commence in March 2023 for the ECB (after the reporting period ended), while the BoE’s quantitative tightening will continue as scheduled.
Amid interludes of volatility, equity markets posted weak results during the reporting period as economic and geopolitical concerns weighed on investor sentiment. Unlike the first three quarters of 2022, the fourth quarter of 2022 saw most major U.S. indices record positive gains; however, the Nasdaq lagged and recorded a slight loss during the fourth quarter of 2022. Likewise, January 2023 saw equity markets stage a nice rally, only for the rally to be unwound in February 2023. Primary drivers behind the S&P 500® Index’s (“S&P 500”) lackluster performance during the reporting period were fears of a Fed policy mistake, inflationary concerns, and highly negative investor sentiment. However, during the first two months of the reporting period, investors appeared less reactive to negative news as two of the most significant headwinds of 2022, inflation, and aggressive monetary policy, moderated. As measured by the MSCI EAFE® Index, international markets enjoyed a risk-on rally during the reporting period. International markets benefited from better-than-expected Eurozone gross domestic product (“GDP”) growth, albeit tepid and export-centered sectors improved from China’s reopening. Further, a falling U.S. dollar buttressed global economic sentiment, and lower gas prices moderated inflationary pressures internationally.
During the reporting period, short-term and long-term U.S. Treasury yields moved higher. The benchmark 10-year U.S. Treasury note yield was 3.91% on February 28, 2023, versus 3.26% on September 1, 2022. Likewise, the 2-year Treasury note yield, considered a proxy for the federal funds rate, was 4.79% on February 28, 2023, versus 3.52% on September 1, 2022. Within U.S. fixed-income markets, investor demand for shorter-duration and higher-quality bonds was a general theme during the reporting period. Also, the yield curve inversion between the 10-year U.S. Treasury note yield and the 2-year U.S. Treasury note yield continued to invert, falling to -0.89 on February 28, 2023, from -0.25 on September 1, 2022.
During the reporting period, investors have been confronted by an economic and financial market environment unlike anything experienced in the past decade. Uncertainty could continue to weigh on financial markets until clarity on inflation becomes more apparent. Further, corporate earnings will likely remain under stress as inflationary pressures challenge corporate profitability. Recent market volatility has shed light on the divergent viewpoints of investors, many of whom aim to prioritize shorter time horizons, reacting imprecisely to external stimuli and failing to control emotion when faced with volatility. Nevertheless, a long-term view and properly diversified portfolios remain crucial to a successful investment approach. Amid the challenges facing investors, Nationwide will continue seeking to deliver exceptional results for our clients. We thank
1
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Letter to Investors (Unaudited) (Continued) |
|
February 28, 2023
you for your trust and will work diligently to meet your investment needs.
Sincerely,
Kevin
T. Jestice
President and Chief Executive Officer
Nationwide Fund Advisors
|
1 |
GDPNow is not an official forecast of the Atlanta Fed. Rather, it is best viewed as a running estimate of real GDP growth based on available economic data for the current measured quarter. There are no subjective adjustments made to GDPNow—the estimate is based solely on the mathematical results of the model. |
The following chart provides returns for various market segments for the six-month reporting period that ended February 28, 2023:
|
Index |
Semi-annual
|
|
Bloomberg Emerging Markets USD Aggregate Bond Index |
1.60% |
|
Bloomberg U.S. Municipal Bond Index |
0.66% |
|
Bloomberg U.S. 1-3 Year Government/Credit Bond Index |
-0.29% |
|
Bloomberg U.S. 10-20 Year Treasury Bond Index |
-5.78% |
|
Bloomberg U.S. Aggregate Bond Index |
-2.13% |
|
Bloomberg U.S. Corporate High Yield Index |
2.51% |
|
MSCI EAFE® Index |
12.58% |
|
MSCI Emerging Markets® Index |
-2.29% |
|
MSCI ACWI ex USA Index |
7.30% |
|
Russell 1000® Growth Index |
-1.24% |
|
Russell 1000® Value Index |
4.07% |
|
Russell 2000® Index |
3.63% |
|
S&P 500® Index |
1.26% |
Source: Morningstar
Definitions
Bloomberg Emerging Markets USD Aggregate Bond Index: An unmanaged index that includes fixed and floating-rate US dollar-denominated debt issued from sovereign, quasi sovereign, and corporate emerging markets issuers.
Bloomberg U.S. Municipal Bond Index: An unmanaged index that covers the USD-denominated long-term tax-exempt bond market. The index has four main sectors: state and local general obligation bonds, revenue bonds, insured bonds and pre-refunded bonds.
Bloomberg U.S. 1-3 Year Government/Credit Bond Index: An unmanaged index that measures the performance of non-securitized component of the U.S. Aggregate Index with maturities of 1-3 years, including Treasuries, government-related issues and corporates.
Bloomberg U.S. 10-20 Year Treasury Bond Index: An unmanaged index that measures U.S. dollar-denominated, fixed-rate, nominal debt issued by the U.S. Treasury with 10 to 20 years to maturity.
Bloomberg U.S. Aggregate Bond Index: An unmanaged, market value-weighted index of U.S. dollar denominated, investment-grade, fixed-rate, taxable debt issues, which includes Treasuries, government-related and corporate securities, mortgage-backed securities (agency fixed-rate and hybrid adjustable-rate mortgage pass-throughs), asset-backed securities and commercial mortgage-backed securities (agency and non-agency).
Bloomberg U.S. Corporate High Yield Index: An unmanaged index that measures the U.S. dollar-denominated, high yield, fixed-rate corporate bond market.
Duration: A measurement of a bond’s interest rate risk that considers a bond’s maturity, yield, coupon and call features. These many factors are calculated into one number that measures how sensitive a bond’s value may be to interest rate changes.
MSCI EAFE® Index: An unmanaged, free float-adjusted, market capitalization-weighted index that is designed to measure the performance of large-cap and mid-cap stocks in developed markets as determined by MSCI; excludes the United States and Canada.
MSCI Emerging Markets® Index: An unmanaged, free float adjusted, market capitalization-weighted index that is designed to measure the performance of large-cap and mid-cap stocks in emerging-country markets as determined by MSCI.
MSCI ACWI ex USA: An unmanaged, free float-adjusted, market capitalization-weighted index that is designed to measure the performance of large-cap and mid-cap stocks in global developed and emerging markets as determined by MSCI; excludes the United States.
Nasdaq: Acronym of National Association of Securities Dealers Automated Quotations, an American stock market that handles electronic securities trading around the world. It was developed by the National Association of Securities Dealers (NASD) and is monitored by the Securities and Exchange Commission (SEC).
Russell 1000® Growth Index: An unmanaged index that measures the performance of the large-capitalization growth segment of the U.S. equity universe; includes those Russell 1000® Index companies with higher price-to-book ratios and higher forecasted growth values.
2
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Letter to Investors (Unaudited) (Continued) |
|
February 28, 2023
Russell 1000® Value Index: An unmanaged index that measures the performance of the large-capitalization value segment of the U.S. equity universe; includes those Russell 1000® Index companies with lower price-to-book ratios and lower forecasted growth values.
Russell 2000® Index: An unmanaged index that measures the performance of the small-capitalization segment of the U.S. equity universe.
S&P 500® Index: An unmanaged, market capitalization-weighted index of 500 stocks of leading large-cap U.S. companies in leading industries; gives a broad look at the U.S. equities market and those companies’ stock price performance.
Russell Investment Group is the source and owner of the trademarks, service marks and copy rights related to the Russell Indexes. The Fund is not sponsored, endorsed, or promoted by Russell, and Russell bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. Russell® is a trademark of Russell Investment Group.
Bloomberg® and its indexes are service marks of Bloomberg Finance L.P. and its affiliates including Bloomberg Index Services Limited, the administrator of the index, and have been licensed for use for certain purposes by Nationwide. Bloomberg is not affiliated with Nationwide, and Bloomberg does not approve, endorse, review or recommend this product. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any date or information relating to this product.
Investing involves risk, including the possible loss of principal. Shares of any 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 Fund’s return may not match or achieve a high degree of correlation with the return of the underlying index.
KEY RISKS: The Funds are subject to the risks of investing in equity securities. The Funds may also be subject to the risks of investing in foreign securities (which are volatile, harder to price and less liquid than U.S. securities), including emerging markets (which may include currency fluctuations, political risks, differences in account and limited availability of information). Please refer to the summary prospectus for a more detailed explanation of the Funds’ principal risks. There is no assurance that the investment objectives of any fund will be achieved.
Diversification does not assure a profit or protect against a loss in a declining market.
©2023 Morningstar, Inc. All Rights Reserved. The information contained herein (1) is proprietary to Morningstar (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Nationwide Fund Advisors (NFA) is the registered investment advisor to Nationwide ETFs, which are distributed by Quasar Distributors LLC. NFA is not affiliated with any distributor, subadviser, or index provider contracted by NFA for the Nationwide ETFs. Nationwide is not an affiliate of third-party sources such as Morningstar, Inc. or MSCI. Representatives of the Nationwide ETF Sales Desk are registered with Nationwide Investment Services Corporation, member FINRA, Columbus, Ohio.
Nationwide, the Nationwide N and Eagle and Nationwide is on your side are service marks of Nationwide Mutual Insurance Company © 2023 Nationwide Services LLC.
3
|
Portfolio Allocations |
Nationwide ETFs |
As of February 28, 2023 (Unaudited)
|
Nationwide
Nasdaq-100® Risk-Managed | |
|
Sector/Asset Class |
Percentage
|
|
Information Technology (a) |
49.5% |
|
Communication Services |
15.7 |
|
Consumer Discretionary |
15.6 |
|
Health Care |
6.3 |
|
Consumer Staples |
5.9 |
|
Industrials |
3.5 |
|
Purchased Options |
1.7 |
|
Utilities |
1.2 |
|
Energy |
0.5 |
|
Short-Term Investments and Other Assets and Liabilities |
0.1 |
|
Total |
100.0% |
|
(a) |
To the extent that the Fund invests more heavily in particular sectors or the economy, its performance will be especially sensitive to developments that significantly affect those sectors. See Note 8 in Notes to Financial Statements. |
|
Nationwide Dow Jones® Risk-Managed Income ETF | |
|
Sector/Asset Class |
Percentage
|
|
Information Technology |
19.2% |
|
Health Care |
18.9 |
|
Financials |
16.7 |
|
Industrials |
14.4 |
|
Consumer Discretionary |
13.3 |
|
Consumer Staples |
7.3 |
|
Energy |
3.1 |
|
Communication Services |
2.7 |
|
Short-Term Investments and Other Assets and Liabilities |
2.6 |
|
Materials |
1.1 |
|
Purchased Options |
0.7 |
|
Total |
100.0% |
|
Nationwide
Russell 2000® Risk-Managed | |
|
Sector/Asset Class |
Percentage
|
|
Financials |
16.9% |
|
Industrials |
16.0 |
|
Health Care |
13.7 |
|
Information Technology |
12.0 |
|
Consumer Discretionary |
11.0 |
|
Energy |
5.9 |
|
Real Estate |
5.7 |
|
Materials |
4.5 |
|
Short-Term Investments and Other Assets and Liabilities |
4.2 |
|
Consumer Staples |
3.3 |
|
Utilities |
3.0 |
|
Communication Services |
2.6 |
|
Purchased Options |
1.2 |
|
Contingent Value Rights (a) |
0.0 |
|
Total |
100.0% |
|
(a) |
Represents less than 0.05% of net assets. |
|
Nationwide S&P 500® Risk-Managed Income ETF | |
|
Sector/Asset Class |
Percentage
|
|
Information Technology (a) |
26.3% |
|
Health Care |
13.7 |
|
Financials |
11.3 |
|
Consumer Discretionary |
10.4 |
|
Industrials |
8.2 |
|
Communication Services |
7.2 |
|
Consumer Staples |
6.3 |
|
Energy |
4.4 |
|
Short-Term Investments and Other Assets and Liabilities |
3.2 |
|
Materials |
2.7 |
|
Utilities |
2.7 |
|
Real Estate |
2.6 |
|
Purchased Options |
1.0 |
|
Contingent Value Rights (b) |
0.0 |
|
Total |
100.0% |
|
(a) |
To the extent that the Fund invests more heavily in particular sectors or the economy, its performance will be especially sensitive to developments that significantly affect those sectors. See Note 8 in Notes to Financial Statements. |
|
(b) |
Represents less than 0.05% of net assets. |
4
|
Schedules of Investments |
February 28, 2023 (Unaudited)
Nationwide Nasdaq-100® Risk-Managed Income ETF
|
Shares |
Security Description |
Value |
||||||
|
COMMON STOCKS — 98.2% |
||||||||
|
Communication Services — 15.7% | ||||||||
| 28,676 |
Activision Blizzard, Inc. |
$ | 2,186,545 | |||||
| 171,884 |
Alphabet, Inc. - Class A (a) |
15,479,873 | ||||||
| 171,822 |
Alphabet, Inc. - Class C (a) |
15,515,527 | ||||||
| 5,720 |
Charter Communications, Inc. - Class A (a) |
2,102,729 | ||||||
| 157,989 |
Comcast Corporation - Class A |
5,872,452 | ||||||
| 10,120 |
Electronic Arts, Inc. |
1,122,713 | ||||||
| 82,361 |
Meta Platforms, Inc. - Class A (a) |
14,408,233 | ||||||
| 16,305 |
Netflix, Inc. (a) |
5,252,329 | ||||||
| 142,488 |
Sirius XM Holdings, Inc. |
625,522 | ||||||
| 45,600 |
T-Mobile US, Inc. (a) |
6,483,408 | ||||||
| 88,940 |
Warner Bros. Discovery, Inc. (a) |
1,389,243 | ||||||
| 70,438,574 | ||||||||
|
Consumer Discretionary — 15.6% |
||||||||
| 14,603 |
Airbnb, Inc. - Class A (a) |
1,800,258 | ||||||
| 288,003 |
Amazon.com, Inc. (a) |
27,138,522 | ||||||
| 1,435 |
Booking Holdings, Inc. (a) |
3,621,940 | ||||||
| 8,127 |
Dollar Tree, Inc. (a) |
1,180,691 | ||||||
| 19,883 |
eBay, Inc. |
912,630 | ||||||
| 17,824 |
JD.com, Inc. - ADR |
792,099 | ||||||
| 61,594 |
Lucid Group, Inc. (a) |
562,353 | ||||||
| 4,495 |
Lululemon Athletica, Inc. (a) |
1,389,854 | ||||||
| 11,619 |
Marriott International, Inc. - Class A |
1,966,400 | ||||||
| 1,863 |
MercadoLibre, Inc. (a) |
2,272,860 | ||||||
| 2,314 |
O’Reilly Automotive, Inc. (a) |
1,920,851 | ||||||
| 17,156 |
PDD Holdings, Inc. - ADR (a) |
1,505,096 | ||||||
| 33,448 |
Rivian Automotive, Inc. - Class A (a) |
645,546 | ||||||
| 12,763 |
Ross Stores, Inc. |
1,410,822 | ||||||
| 42,066 |
Starbucks Corporation |
4,294,517 | ||||||
| 89,182 |
Tesla, Inc. (a) |
18,345,630 | ||||||
| 69,760,069 | ||||||||
|
Consumer Staples — 5.9% |
||||||||
| 16,263 |
Costco Wholesale Corporation |
7,874,219 | ||||||
| 51,920 |
Keurig Dr Pepper, Inc. |
1,793,836 | ||||||
| 44,856 |
Kraft Heinz Company |
1,746,693 | ||||||
| 50,049 |
Mondelez International, Inc. - Class A |
3,262,193 | ||||||
| 19,137 |
Monster Beverage Corporation (a) |
1,947,381 | ||||||
| 50,502 |
PepsiCo, Inc. |
8,763,613 | ||||||
| 31,669 |
Walgreens Boots Alliance, Inc. |
1,125,200 | ||||||
| 26,513,135 | ||||||||
|
Energy — 0.5% |
||||||||
| 36,703 |
Baker Hughes Company |
1,123,112 | ||||||
| 6,492 |
Diamondback Energy, Inc. |
912,645 | ||||||
| 2,035,757 | ||||||||
|
Health Care — 6.3% |
||||||||
| 2,892 |
Align Technology, Inc. (a) |
895,074 | ||||||
| 19,569 |
Amgen, Inc. |
4,533,354 | ||||||
| 22,428 |
AstraZeneca plc - ADR |
1,461,857 | ||||||
| 5,279 |
Biogen, Inc. (a) |
1,424,591 | ||||||
| 14,161 |
DexCom, Inc. (a) |
1,572,013 | ||||||
| 45,958 |
Gilead Sciences, Inc. |
3,700,998 | ||||||
| 3,092 |
IDEXX Laboratories, Inc. (a) |
1,463,258 | ||||||
| 5,768 |
Illumina, Inc. (a) |
1,148,986 | ||||||
| 12,971 |
Intuitive Surgical, Inc. (a) |
2,975,417 | ||||||
| 14,081 |
Moderna, Inc. (a) |
1,954,584 | ||||||
| 3,980 |
Regeneron Pharmaceuticals, Inc. (a) |
3,026,472 | ||||||
| 6,831 |
Seagen, Inc. (a) |
1,227,462 | ||||||
| 9,432 |
Vertex Pharmaceuticals, Inc. (a) |
2,738,015 | ||||||
| 28,122,081 | ||||||||
|
Industrials — 3.5% |
||||||||
| 3,756 |
Cintas Corporation |
1,646,894 | ||||||
| 17,481 |
Copart, Inc. (a) |
1,231,711 | ||||||
| 14,951 |
CoStar Group, Inc. (a) |
1,056,438 | ||||||
| 76,991 |
CSX Corporation |
2,347,455 | ||||||
| 21,020 |
Fastenal Company |
1,083,791 | ||||||
| 24,630 |
Honeywell International, Inc. |
4,716,153 | ||||||
| 4,064 |
Old Dominion Freight Line, Inc. |
1,378,753 | ||||||
| 19,132 |
PACCAR, Inc. |
1,381,330 | ||||||
| 5,729 |
Verisk Analytics, Inc. |
980,289 | ||||||
| 15,822,814 | ||||||||
|
Information Technology — 49.5% (b) | ||||||||
| 17,068 |
Adobe, Inc. (a) |
5,529,179 | ||||||
| 59,058 |
Advanced Micro Devices, Inc. (a) |
4,640,778 | ||||||
| 18,680 |
Analog Devices, Inc. |
3,427,220 | ||||||
| 3,214 |
ANSYS, Inc. (a) |
975,803 | ||||||
| 361,168 |
Apple, Inc. |
53,239,775 | ||||||
| 31,550 |
Applied Materials, Inc. |
3,664,533 | ||||||
| 3,266 |
ASML Holding NV - NY |
2,017,506 | ||||||
| 5,456 |
Atlassian Corporation - Class A (a) |
896,584 | ||||||
| 7,925 |
Autodesk, Inc. (a) |
1,574,618 | ||||||
| 15,225 |
Automatic Data Processing, Inc. |
3,346,759 | ||||||
| 14,879 |
Broadcom, Inc. |
8,842,440 | ||||||
| 10,099 |
Cadence Design Systems, Inc. (a) |
1,948,501 | ||||||
| 150,442 |
Cisco Systems, Inc. |
7,284,402 | ||||||
The accompanying notes are an integral part of these financial statements.
5
|
Schedules of Investments (Continued) |
February 28, 2023 (Unaudited)
Nationwide Nasdaq-100® Risk-Managed Income ETF (Continued)
|
Shares |
Security Description |
Value |
||||||
|
COMMON STOCKS — 98.2% (Continued) | ||||||||
|
Information Technology — 49.5% (b) (Continued) | ||||||||
| 18,877 |
Cognizant Technology Solutions Corporation - Class A |
$ | 1,182,267 | |||||
| 8,014 |
Crowdstrike Holdings, Inc. - Class A (a) |
967,210 | ||||||
| 10,721 |
Datadog, Inc. - Class A (a) |
820,371 | ||||||
| 5,003 |
Enphase Energy, Inc. (a) |
1,053,282 | ||||||
| 23,310 |
Fiserv, Inc. (a) |
2,682,748 | ||||||
| 28,617 |
Fortinet, Inc. (a) |
1,700,994 | ||||||
| 19,986 |
GlobalFoundries, Inc. (a) |
1,305,885 | ||||||
| 151,163 |
Intel Corporation |
3,768,494 | ||||||
| 10,320 |
Intuit, Inc. |
4,202,098 | ||||||
| 5,238 |
KLA Corporation |
1,987,192 | ||||||
| 5,022 |
Lam Research Corporation |
2,440,742 | ||||||
| 31,224 |
Marvell Technology, Inc. |
1,409,764 | ||||||
| 20,196 |
Microchip Technology, Inc. |
1,636,482 | ||||||
| 39,846 |
Micron Technology, Inc. |
2,303,896 | ||||||
| 209,570 |
Microsoft Corporation |
52,270,950 | ||||||
| 90,140 |
NVIDIA Corporation |
20,926,901 | ||||||
| 9,525 |
NXP Semiconductors NV |
1,700,022 | ||||||
| 11,087 |
Palo Alto Networks, Inc. (a) |
2,088,458 | ||||||
| 13,208 |
Paychex, Inc. |
1,458,163 | ||||||
| 41,807 |
PayPal Holdings, Inc. (a) |
3,076,995 | ||||||
| 41,069 |
QUALCOMM, Inc. |
5,073,254 | ||||||
| 5,653 |
Synopsys, Inc. (a) |
2,056,335 | ||||||
| 33,273 |
Texas Instruments, Inc. |
5,704,656 | ||||||
| 7,454 |
Workday, Inc. - Class A (a) |
1,382,493 | ||||||
| 9,024 |
Zoom Video Communications, Inc. - Class A (a) |
673,100 | ||||||
| 5,283 |
Zscaler, Inc. (a) |
692,865 | ||||||
| 221,953,715 | ||||||||
|
Utilities — 1.2% |
||||||||
| 18,874 |
American Electric Power Company, Inc. |
1,660,345 | ||||||
| 11,993 |
Constellation Energy Corporation |
898,156 | ||||||
| 36,435 |
Exelon Corporation |
1,471,610 | ||||||
| 20,079 |
Xcel Energy, Inc. |
1,296,501 | ||||||
| 5,326,612 | ||||||||
|
TOTAL COMMON STOCKS (Cost $502,304,558) |
439,972,757 | |||||||
|
Contracts |
Security
|
Notional
|
Value |
|||||||||
|
PURCHASED OPTIONS (c) — 1.7% | ||||||||||||
| 365 |
Nasdaq 100 Index Put, Expiration: 03/17/2023, Exercise Price: $11,925.00 |
$ | 439,537,380 | $ | 7,809,175 | |||||||
|
TOTAL PURCHASED OPTIONS (Cost $5,502,455) |
7,809,175 | |||||||||||
Shares |
||||||||||||
|
SHORT-TERM INVESTMENTS — 0.4% | ||||||||||||
|
Money Market Funds — 0.4% |
||||||||||||
| 1,603,115 |
Invesco Government & Agency Portfolio - Institutional Class, 4.51% (d) |
1,603,115 | ||||||||||
|
TOTAL SHORT-TERM INVESTMENTS (Cost $1,603,115) |
1,603,115 | |||||||||||
|
Total Investments (Cost $509,410,128) — 100.3% |
449,385,047 | |||||||||||
|
Liabilities in Excess of Other Assets — (0.3)% |
(1,190,569 | ) | ||||||||||
|
NET ASSETS — 100.0% |
$ | 448,194,478 | ||||||||||
Percentages are stated as a percent of net assets.
|
ADR |
American Depositary Receipt. |
|
NY |
New York Registry Shares. |
|
(a) |
Non-income producing security. |
|
(b) |
To the extent the Fund invests more heavily in particular sectors of the economy, its performance will be especially sensitive to developments that significantly affect those sectors. See Note 8 in Notes to Financial Statements. |
|
(c) |
Exchange traded. |
|
(d) |
Rate shown is the annualized seven-day yield as of February 28, 2023. |
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, 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. Bancorp Fund Services, LLC.
The accompanying notes are an integral part of these financial statements.
6
|
Schedules of Written Options |
February 28, 2023 (Unaudited)
Nationwide Nasdaq-100® Risk-Managed Income ETF (Continued)
|
Contracts |
Security Description |
Notional
|
Value |
|||||||||
|
WRITTEN OPTIONS (a) — (0.3)% |
||||||||||||
| (365 | ) |
Nasdaq 100 Index Call, Expiration: 03/17/2023, Exercise Price: $12,700.00 |
$ | (439,537,380 | ) | $ | (1,372,400 | ) | ||||
|
TOTAL WRITTEN OPTIONS (Premiums Received $8,237,105) |
$ | (1,372,400 | ) | |||||||||
Percentages are stated as a percent of net assets.
|
(a) |
Exchange traded. |
The accompanying notes are an integral part of these financial statements.
7
|
Schedules of Investments (Continued) |
February 28, 2023 (Unaudited)
Nationwide Dow Jones® Risk-Managed Income ETF
|
Shares |
Security Description |
Value |
||||||
|
COMMON STOCKS — 96.7% |
||||||||
|
Communication Services — 2.7% | ||||||||
| 4,869 |
Verizon Communications, Inc. |
$ | 188,966 | |||||
| 4,869 |
Walt Disney Company (a) |
485,001 | ||||||
| 673,967 | ||||||||
|
Consumer Discretionary — 13.3% |
||||||||
| 4,869 |
Home Depot, Inc. |
1,443,853 | ||||||
| 4,869 |
McDonald’s Corporation |
1,284,978 | ||||||
| 4,869 |
NIKE, Inc. - Class B |
578,389 | ||||||
| 3,307,220 | ||||||||
|
Consumer Staples — 7.3% |
||||||||
| 4,869 |
Coca-Cola Company |
289,754 | ||||||
| 4,869 |
Procter & Gamble Company |
669,780 | ||||||
| 4,869 |
Walgreens Boots Alliance, Inc. |
172,996 | ||||||
| 4,869 |
Walmart, Inc. |
692,030 | ||||||
| 1,824,560 | ||||||||
|
Energy — 3.1% |
||||||||
| 4,869 |
Chevron Corporation |
782,789 | ||||||
|
Financials — 16.7% |
||||||||
| 4,869 |
American Express Company |
847,157 | ||||||
| 4,869 |
Goldman Sachs Group, Inc. |
1,712,185 | ||||||
| 4,869 |
JPMorgan Chase & Company |
697,971 | ||||||
| 4,869 |
Travelers Companies, Inc. |
901,349 | ||||||
| 4,158,662 | ||||||||
|
Health Care — 18.9% |
||||||||
| 4,869 |
Amgen, Inc. |
1,127,953 | ||||||
| 4,869 |
Johnson & Johnson |
746,223 | ||||||
| 4,869 |
Merck & Company, Inc. |
517,283 | ||||||
| 4,869 |
UnitedHealth Group, Inc. |
2,317,351 | ||||||
| 4,708,810 | ||||||||
|
Industrials — 14.4% |
||||||||
| 4,869 |
3M Company |
524,586 | ||||||
| 4,869 |
Boeing Company (a) |
981,347 | ||||||
| 4,869 |
Caterpillar, Inc. |
1,166,369 | ||||||
| 4,869 |
Honeywell International, Inc. |
932,316 | ||||||
| 3,604,618 | ||||||||
|
Information Technology — 19.2% |
||||||||
| 4,869 |
Apple, Inc. |
717,739 | ||||||
| 4,869 |
Cisco Systems, Inc. |
235,757 | ||||||
| 4,869 |
Intel Corporation |
121,384 | ||||||
| 4,869 |
International Business Machines Corporation |
629,562 | ||||||
| 4,869 |
Microsoft Corporation |
1,214,426 | ||||||
| 4,869 |
Salesforce, Inc. (a) |
796,617 | ||||||
| 4,869 |
Visa, Inc. - Class A |
1,070,888 | ||||||
| 4,786,373 | ||||||||
|
Materials — 1.1% |
||||||||
| 4,869 |
Dow, Inc. |
278,507 | ||||||
|
TOTAL COMMON STOCKS (Cost $25,570,084) |
24,125,506 | |||||||
|
Contracts |
Notional
|
|||||||||||
|
PURCHASED OPTIONS (b) — 0.7% | ||||||||||||
| 738 |
Dow Jones Industrial Average Index Put, Expiration: 03/17/2023, Exercise Price: $320.00 |
$ | 24,100,866 | 177,120 | ||||||||
|
TOTAL PURCHASED OPTIONS (Cost $113,954) |
177,120 | |||||||||||
Shares |
||||||||||||
|
SHORT-TERM INVESTMENTS — 2.5% | ||||||||||||
|
Money Market Funds — 2.5% | ||||||||||||
| 615,308 |
Invesco Government & Agency Portfolio - Institutional Class, 4.51% (c) |
615,308 | ||||||||||
|
TOTAL SHORT-TERM INVESTMENTS (Cost $615,308) |
615,308 | |||||||||||
|
Total Investments (Cost $26,299,346) — 99.9% |
24,917,934 | |||||||||||
|
Other Assets in Excess of Liabilities — 0.1% |
18,419 | |||||||||||
|
NET ASSETS — 100.0% |
$ | 24,936,353 | ||||||||||
Percentages are stated as a percent of net assets.
|
(a) |
Non-income producing security. |
|
(b) |
Exchange traded. |
|
(c) |
Rate shown is the annualized seven-day yield as of February 28, 2023. |
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, 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. Bancorp Fund Services, LLC.
The accompanying notes are an integral part of these financial statements.
8
|
Schedules of Investments (Continued) |
February 28, 2023 (Unaudited)
Nationwide Russell 2000® Risk-Managed Income ETF
|
Shares |
Security Description |
Value |
||||||
|
COMMON STOCKS — 94.6% |
||||||||
|
Communication Services — 2.6% | ||||||||
| 77 |
AdTheorent Holding Company, Inc. (a) |
$ | 117 | |||||
| 429 |
Advantage Solutions, Inc. (a) |
944 | ||||||
| 161 |
AMC Networks, Inc. - Class A (a) |
3,600 | ||||||
| 65 |
Anterix, Inc. (a) |
1,963 | ||||||
| 60 |
Arena Group Holdings, Inc. (a) |
472 | ||||||
| 60 |
ATN International, Inc. |
2,523 | ||||||
| 686 |
Audacy, Inc. (a) |
147 | ||||||
| 122 |
Bandwidth, Inc. - Class A (a) |
1,940 | ||||||
| 114 |
Boston Omaha Corporation - Class A (a) |
2,746 | ||||||
| 385 |
Bumble, Inc. - Class A (a) |
9,309 | ||||||
| 182 |
Cardlytics, Inc. (a) |
992 | ||||||
| 517 |
Cargurus, Inc. (a) |
8,815 | ||||||
| 369 |
Cars.com, Inc. (a) |
7,085 | ||||||
| 573 |
Charge Enterprises, Inc. (a) |
647 | ||||||
| 557 |
Cinemark Holdings, Inc. (a) |
7,581 | ||||||
| 1,969 |
Clear Channel Outdoor Holdings, Inc. (a) |
3,485 | ||||||
| 229 |
Cogent Communications Holdings, Inc. |
14,825 | ||||||
| 412 |
Consolidated Communications Holdings, Inc. (a) |
1,248 | ||||||
| 100 |
Cumulus Media, Inc. - Class A (a) |
542 | ||||||
| 6 |
Daily Journal Corporation (a) |
1,822 | ||||||
| 210 |
DHI Group, Inc. (a) |
890 | ||||||
| 202 |
EchoStar Corporation - Class A (a) |
4,032 | ||||||
| 330 |
Entravision Communications Corporation - Class A |
2,165 | ||||||
| 391 |
Eventbrite, Inc. - Class A (a) |
3,425 | ||||||
| 104 |
EverQuote, Inc. - Class A (a) |
1,420 | ||||||
| 290 |
EW Scripps Company - Class A (a) |
3,660 | ||||||
| 727 |
fuboTV, Inc. (a) |
1,389 | ||||||
| 45 |
Gambling.com Group, Ltd. (a) |
440 | ||||||
| 756 |
Gannett Company, Inc. (a) |
2,291 | ||||||
| 3,413 |
Globalstar, Inc. (a) |
4,369 | ||||||
| 310 |
Gogo, Inc. (a) |
5,103 | ||||||
| 462 |
Gray Television, Inc. |
5,405 | ||||||
| 110 |
IDT Corporation - Class B (a) |
3,345 | ||||||
| 598 |
iHeartMedia, Inc. - Class A (a) |
4,341 | ||||||
| 265 |
IMAX Corporation (a) |
4,887 | ||||||
| 103 |
Innovid Corporation (a) |
174 | ||||||
| 91 |
Integral Ad Science Holding Corporation (a) |
994 | ||||||
| 645 |
Iridium Communications, Inc. |
39,585 | ||||||
| 241 |
John Wiley & Sons, Inc. - Class A |
10,722 | ||||||
| 169 |
KORE Group Holdings, Inc. (a) |
291 | ||||||
| 22 |
Leafly Holdings, Inc. (a) |
12 | ||||||
| 228 |
Liberty Latin America, Ltd. - Class A (a) |
2,011 | ||||||
| 880 |
Liberty Latin America, Ltd. - Class C (a) |
7,726 | ||||||
| 56 |
Liberty Media Corporation-Liberty Braves - Class A (a) |
1,918 | ||||||
| 198 |
Liberty Media Corporation-Liberty Braves - Class C (a) |
6,627 | ||||||
| 290 |
Lions Gate Entertainment Corporation - Class A (a) |
3,077 | ||||||
| 606 |
Lions Gate Entertainment Corporation - Class B (a) |
6,030 | ||||||
| 106 |
Loyalty Ventures, Inc. (a) |
187 | ||||||
| 140 |
Madison Square Garden Entertainment Corporation (a) |
8,473 | ||||||
| 655 |
Magnite, Inc. (a) |
7,290 | ||||||
| 114 |
Marcus Corporation |
1,834 | ||||||
| 101 |
MediaAlpha, Inc. - Class A (a) |
1,529 | ||||||
| 114 |
Ooma, Inc. (a) |
1,492 | ||||||
| 39 |
Outbrain, Inc. (a) |
172 | ||||||
| 380 |
Playstudios, Inc. (a) |
1,414 | ||||||
| 203 |
PubMatic, Inc. - Class A (a) |
3,082 | ||||||
| 254 |
QuinStreet, Inc. (a) |
4,310 | ||||||
| 466 |
Quotient Technology, Inc. (a) |
1,761 | ||||||
| 316 |
Radius Global Infrastructure, Inc. - Class A (a) |
4,307 | ||||||
| 97 |
Reservoir Media, Inc. (a) |
656 | ||||||
| 140 |
Scholastic Corporation |
6,385 | ||||||
| 264 |
Shenandoah Telecommunications Company |
5,153 | ||||||
| 114 |
Shutterstock, Inc. |
8,575 | ||||||
| 241 |
Sinclair Broadcast Group, Inc. - Class A |
3,921 | ||||||
| 1,374 |
Skillz, Inc. (a) |
859 | ||||||
| 303 |
Stagwell, Inc. (a) |
2,079 | ||||||
| 140 |
TechTarget, Inc. (a) |
5,282 | ||||||
| 1,209 |
TEGNA, Inc. |
21,038 | ||||||
| 541 |
Telephone and Data Systems, Inc. |
6,865 | ||||||
| 39 |
Thryv Holdings, Inc. (a) |
930 | ||||||
| 492 |
TrueCar, Inc. (a) |
1,146 | ||||||
The accompanying notes are an integral part of these financial statements.
9
|
Schedules of Investments (Continued) |
February 28, 2023 (Unaudited)
Nationwide Russell 2000® Risk-Managed Income ETF (Continued)
|
Shares |
Security Description |
Value |
||||||
|
COMMON STOCKS — 94.6% (Continued) | ||||||||
|
Communication Services — 2.6% (Continued) | ||||||||
| 78 |
United States Cellular Corporation (a) |
$ | 1,882 | |||||
| 43 |
Urban One, Inc. - Class A (a) |
294 | ||||||
| 62 |
Urban One, Inc. - Class D (a) |
309 | ||||||
| 692 |
Vimeo, Inc. (a) |
2,650 | ||||||
| 1,088 |
Vinco Ventures, Inc. (a) |
533 | ||||||
| 121 |
Vivid Seats, Inc. - Class A (a) |
928 | ||||||
| 111 |
Wejo Group, Ltd. (a) |
73 | ||||||
| 290 |
WideOpenWest, Inc. (a) |
3,170 | ||||||
| 365 |
Yelp, Inc. (a) |
10,958 | ||||||
| 228 |
Ziff Davis, Inc. (a) |
18,008 | ||||||
| 372 |
ZipRecruiter, Inc. - Class A (a) |
6,346 | ||||||
| 341,023 | ||||||||
|
Consumer Discretionary — 11.0% |
||||||||
| 144 |
1-800-Flowers.com, Inc. - Class A (a) |
1,426 | ||||||
| 33 |
1stdibs.com, Inc. (a) |
168 | ||||||
| 391 |
2U, Inc. (a) |
3,503 | ||||||
| 170 |
Aaron’s Company, Inc. |
2,440 | ||||||
| 320 |
Abercrombie & Fitch Company - Class A (a) |
9,411 | ||||||
| 424 |
Academy Sports & Outdoors, Inc. |
25,079 | ||||||
| 308 |
Accel Entertainment, Inc. (a) |
2,818 | ||||||
| 189 |
Acushnet Holdings Corporation |
9,120 | ||||||
| 529 |
Adient plc (a) |
22,599 | ||||||
| 264 |
Adtalem Global Education, Inc. (a) |
10,328 | ||||||
| 54 |
aka Brands Holding Corporation (a) |
76 | ||||||
| 423 |
Allbirds, Inc. - Class A (a) |
1,210 | ||||||
| 638 |
American Axle & Manufacturing Holdings, Inc. (a) |
5,614 | ||||||
| 837 |
American Eagle Outfitters, Inc. |
12,028 | ||||||
| 105 |
American Public Education, Inc. (a) |
1,159 | ||||||
| 34 |
America’s Car-Mart, Inc./TX (a) |
2,889 | ||||||
| 430 |
AMMO, Inc. (a) |
839 | ||||||
| 657 |
Arko Corporation |
5,269 | ||||||
| 130 |
Asbury Automotive Group, Inc. (a) |
29,522 | ||||||
| 145 |
Aterian, Inc. (a) |
174 | ||||||
| 166 |
Bally’s Corporation (a) |
3,279 | ||||||
| 257 |
BARK, Inc. (a) |
347 | ||||||
| 500 |
Beachbody Company, Inc. (a) |
323 | ||||||
| 154 |
Beazer Homes USA, Inc. (a) |
2,296 | ||||||
| 557 |
Bed Bath & Beyond, Inc. (a) |
785 | ||||||
| 118 |
Big 5 Sporting Goods Corporation |
1,042 | ||||||
| 174 |
Big Lots, Inc. |
2,497 | ||||||
| 4 |
Biglari Holdings, Inc. - Class B (a) |
719 | ||||||
| 119 |
BJ’s Restaurants, Inc. (a) |
3,808 | ||||||
| 481 |
Bloomin’ Brands, Inc. |
12,554 | ||||||
| 78 |
Bluegreen Vacations Holding Corporation |
2,587 | ||||||
| 160 |
Boot Barn Holdings, Inc. (a) |
12,392 | ||||||
| 194 |
Bowlero Corporation (a) |
2,984 | ||||||
| 62 |
Boxed, Inc. (a) |
38 | ||||||
| 242 |
Brinker International, Inc. (a) |
9,196 | ||||||
| 170 |
Buckle, Inc. |
6,934 | ||||||
| 80 |
Build-A-Bear Workshop, Inc. (a) |
1,676 | ||||||
| 208 |
Caleres, Inc. |
5,431 | ||||||
| 232 |
Camping World Holdings, Inc. - Class A |
5,297 | ||||||
| 616 |
Canoo, Inc. (a) |
461 | ||||||
| 241 |
CarParts.com, Inc. (a) |
1,511 | ||||||
| 82 |
Carriage Services, Inc. |
2,781 | ||||||
| 108 |
Cato Corporation - Class A |
999 | ||||||
| 52 |
Cavco Industries, Inc. (a) |
14,820 | ||||||
| 880 |
Cenntro Electric Group, Ltd. (a) |
477 | ||||||
| 147 |
Century Casinos, Inc. (a) |
1,361 | ||||||
| 160 |
Century Communities, Inc. |
9,570 | ||||||
| 247 |
Cheesecake Factory, Inc. |
9,248 | ||||||
| 662 |
Chegg, Inc. (a) |
10,519 | ||||||
| 642 |
Chico’s FAS, Inc. (a) |
3,692 | ||||||
| 78 |
Children’s Place, Inc. (a) |
3,266 | ||||||
| 107 |
Chuy’s Holdings, Inc. (a) |
3,825 | ||||||
| 44 |
Citi Trends, Inc. (a) |
1,234 | ||||||
| 148 |
Clarus Corporation |
1,465 | ||||||
| 97 |
Conn’s, Inc. (a) |
831 | ||||||
| 166 |
Container Store Group, Inc. (a) |
722 | ||||||
| 2,803 |
ContextLogic, Inc. - Class A (a) |
1,364 | ||||||
| 398 |
Coursera, Inc. (a) |
4,485 | ||||||
| 129 |
Cracker Barrel Old Country Store, Inc. |
14,056 | ||||||
| 318 |
Crocs, Inc. (a) |
38,703 | ||||||
| 807 |
Dana, Inc. |
12,783 | ||||||
| 215 |
Dave & Buster’s Entertainment, Inc. (a) |
8,604 | ||||||
| 332 |
Denny’s Corporation (a) |
3,874 | ||||||
| 330 |
Designer Brands, Inc. - Class A |
3,231 | ||||||
| 293 |
Destination XL Group, Inc. (a) |
1,752 | ||||||
| 32 |
Dillard’s, Inc. - Class A |
11,405 | ||||||
| 84 |
Dine Brands Global, Inc. |
6,440 | ||||||
| 147 |
Dorman Products, Inc. (a) |
13,675 | ||||||
The accompanying notes are an integral part of these financial statements.
10
|
Schedules of Investments (Continued) |
February 28, 2023 (Unaudited)
Nationwide Russell 2000® Risk-Managed Income ETF (Continued)
|
Shares |
Security Description |
Value |
||||||
|
COMMON STOCKS — 94.6% (Continued) | ||||||||
|
Consumer Discretionary — 11.0% (Continued) | ||||||||
| 104 |
Dream Finders Homes, Inc. - Class A (a) |
$ | 1,251 | |||||
| 66 |
Duluth Holdings, Inc. - Class B (a) |
397 | ||||||
| 116 |
Duolingo, Inc. (a) |
10,532 | ||||||
| 101 |
El Pollo Loco Holdings, Inc. |
1,209 | ||||||
| 252 |
Ermenegildo Zegna NV |
3,281 | ||||||
| 122 |
Ethan Allen Interiors, Inc. |
3,605 | ||||||
| 72 |
European Wax Center, Inc. - Class A |
1,329 | ||||||
| 437 |
Everi Holdings, Inc. (a) |
8,299 | ||||||
| 312 |
EVgo, Inc. (a) |
1,850 | ||||||
| 320 |
Express, Inc. (a) |
326 | ||||||
| 111 |
F45 Training Holdings, Inc. (a) |
230 | ||||||
| 302 |
Faraday Future Intelligent Electric, Inc. (a) |
161 | ||||||
| 66 |
First Watch Restaurant Group, Inc. (a) |
1,008 | ||||||
| 898 |
Fisker, Inc. (a) |
6,672 | ||||||
| 433 |
Foot Locker, Inc. |
18,931 | ||||||
| 260 |
Fossil Group, Inc. (a) |
1,126 | ||||||
| 233 |
Fox Factory Holding Corporation (a) |
27,379 | ||||||
| 155 |
Franchise Group, Inc. |
4,311 | ||||||
| 426 |
Frontdoor, Inc. (a) |
12,035 | ||||||
| 187 |
Full House Resorts, Inc. (a) |
1,810 | ||||||
| 135 |
Funko, Inc. - Class A (a) |
1,459 | ||||||
| 81 |
Genesco, Inc. (a) |
3,643 | ||||||
| 176 |
Gentherm, Inc. (a) |
11,178 | ||||||
| 242 |
G-III Apparel Group, Ltd. (a) |
4,021 | ||||||
| 90 |
Golden Entertainment, Inc. (a) |
3,700 | ||||||
| 1,465 |
Goodyear Tire & Rubber Company (a) |
16,642 | ||||||
| 695 |
GoPro, Inc. - Class A (a) |
3,607 | ||||||
| 21 |
Graham Holdings Company - Class B |
13,161 | ||||||
| 168 |
Green Brick Partners, Inc. (a) |
5,242 | ||||||
| 98 |
Group 1 Automotive, Inc. |
21,665 | ||||||
| 118 |
Groupon, Inc. (a) |
886 | ||||||
| 308 |
GrowGeneration Corporation (a) |
1,304 | ||||||
| 221 |
Guess?, Inc. |
4,650 | ||||||
| 94 |
Haverty Furniture Companies, Inc. |
3,548 | ||||||
| 132 |
Helen of Troy, Ltd. (a) |
14,875 | ||||||
| 83 |
Hibbett, Inc. |
5,970 | ||||||
| 456 |
Hilton Grand Vacations, Inc. (a) |
21,769 | ||||||
| 262 |
Holley, Inc. (a) |
571 | ||||||
| 29 |
Hovnanian Enterprises, Inc. - Class A (a) |
1,975 | ||||||
| 56 |
Inspirato, Inc. (a) |
58 | ||||||
| 118 |
Inspired Entertainment, Inc. (a) |
1,866 | ||||||
| 131 |
Installed Building Products, Inc. |
15,115 | ||||||
| 511 |
International Game Technology plc |
13,572 | ||||||
| 147 |
iRobot Corporation (a) |
6,040 | ||||||
| 119 |
Jack in the Box, Inc. |
9,330 | ||||||
| 66 |
JOANN, Inc. |
240 | ||||||
| 30 |
Johnson Outdoors, Inc. - Class A |
1,946 | ||||||
| 441 |
KB Home |
15,554 | ||||||
| 294 |
Kontoor Brands, Inc. |
15,332 | ||||||
| 132 |
Krispy Kreme, Inc. |
1,717 | ||||||
| 19 |
Kura Sushi USA, Inc. - Class A (a) |
1,190 | ||||||
| 78 |
Lands’ End, Inc. (a) |
593 | ||||||
| 52 |
Landsea Homes Corporation (a) |
340 | ||||||
| 166 |
Latham Group, Inc. (a) |
528 | ||||||
| 528 |
Laureate Education, Inc. |
6,262 | ||||||
| 228 |
La-Z-Boy, Inc. |
7,383 | ||||||
| 127 |
LCI Industries |
14,327 | ||||||
| 39 |
Legacy Housing Corporation (a) |
778 | ||||||
| 114 |
LGI Homes, Inc. (a) |
11,891 | ||||||
| 202 |
Life Time Group Holdings, Inc. (a) |
3,650 | ||||||
| 65 |
Lifetime Brands, Inc. |
515 | ||||||
| 518 |
Light & Wonder, Inc. (a) |
32,432 | ||||||
| 153 |
Lindblad Expeditions Holdings, Inc. (a) |
1,313 | ||||||
| 140 |
LL Flooring Holdings, Inc. (a) |
707 | ||||||
| 792 |
Lordstown Motors Corporation - Class A (a) |
824 | ||||||
| 52 |
Lovesac Company (a) |
1,497 | ||||||
| 26 |
Lulu’s Fashion Lounge Holdings, Inc. (a) |
79 | ||||||
| 1,197 |
Luminar Technologies, Inc. (a) |
10,713 | ||||||
| 153 |
M/I Homes, Inc. (a) |
8,850 | ||||||
| 114 |
Malibu Boats, Inc. - Class A (a) |
6,813 | ||||||
| 39 |
Marine Products Corporation |
499 | ||||||
| 117 |
MarineMax, Inc. (a) |
3,929 | ||||||
| 101 |
MasterCraft Boat Holdings, Inc. (a) |
3,411 | ||||||
| 303 |
MDC Holdings, Inc. |
11,211 | ||||||
| 202 |
Meritage Homes Corporation |
22,064 | ||||||
| 264 |
Modine Manufacturing Company (a) |
6,444 | ||||||
| 65 |
Monarch Casino & Resort, Inc. |
4,785 | ||||||
| 166 |
Monro, Inc. |
8,373 | ||||||
The accompanying notes are an integral part of these financial statements.
11
|
Schedules of Investments (Continued) |
February 28, 2023 (Unaudited)
Nationwide Russell 2000® Risk-Managed Income ETF (Continued)
|
Shares |
Security Description |
Value |
||||||
|
COMMON STOCKS — 94.6% (Continued) | ||||||||
|
Consumer Discretionary — 11.0% (Continued) | ||||||||
| 101 |
Motorcar Parts of America, Inc. (a) |
$ | 1,322 | |||||
| 78 |
Movado Group, Inc. |
2,700 | ||||||
| 82 |
Mullen Automotive, Inc. (a) |
19 | ||||||
| 127 |
Murphy USA, Inc. |
32,395 | ||||||
| 455 |
National Vision Holdings, Inc. (a) |
16,999 | ||||||
| 52 |
NeoGames SA (a) |
809 | ||||||
| 254 |
Nerdy, Inc. (a) |
638 | ||||||
| 202 |
Noodles & Company (a) |
1,180 | ||||||
| 254 |
ODP Corporation (a) |
11,501 | ||||||
| 101 |
ONE Group Hospitality, Inc. (a) |
859 | ||||||
| 277 |
OneSpaWorld Holdings, Ltd. (a) |
3,210 | ||||||
| 52 |
OneWater Marine, Inc. - Class A (a) |
1,447 | ||||||
| 241 |
Overstock.com, Inc. (a) |
4,667 | ||||||
| 88 |
Oxford Industries, Inc. |
10,350 | ||||||
| 166 |
Papa John’s International, Inc. |
13,936 | ||||||
| 140 |
Patrick Industries, Inc. |
10,199 | ||||||
| 352 |
Perdoceo Education Corporation (a) |
4,852 | ||||||
| 101 |
PetMed Express, Inc. |
1,897 | ||||||
| 140 |
PLBY Group, Inc. (a) |
298 | ||||||
| 114 |
Portillo’s, Inc. - Class A (a) |
2,590 | ||||||
| 303 |
Purple Innovation, Inc. (a) |
1,309 | ||||||
| 2,056 |
Qurate Retail, Inc. - Series A (a) |
4,338 | ||||||
| 39 |
RCI Hospitality Holdings, Inc. |
3,267 | ||||||
| 430 |
RealReal, Inc. (a) |
581 | ||||||
| 303 |
Red Rock Resorts, Inc. - Class A |
13,232 | ||||||
| 88 |
Rent the Runway, Inc. - Class A (a) |
300 | ||||||
| 189 |
Revolve Group, Inc. (a) |
5,117 | ||||||
| 26 |
Rocky Brands, Inc. |
692 | ||||||
| 457 |
Rover Group, Inc. (a) |
1,910 | ||||||
| 50 |
RumbleON, Inc. - Class B (a) |
455 | ||||||
| 264 |
Rush Street Interactive, Inc. (a) |
1,106 | ||||||
| 166 |
Ruth’s Hospitality Group, Inc. |
3,096 | ||||||
| 593 |
Sally Beauty Holdings, Inc. (a) |
9,541 | ||||||
| 264 |
SeaWorld Entertainment, Inc. (a) |
17,054 | ||||||
| 189 |
Shake Shack, Inc. - Class A (a) |
10,544 | ||||||
| 88 |
Shoe Carnival, Inc. |
2,319 | ||||||
| 277 |
Signet Jewelers, Ltd. |
19,839 | ||||||
| 277 |
Skyline Champion Corporation (a) |
18,950 | ||||||
| 127 |
Sleep Number Corporation (a) |
5,062 | ||||||
| 228 |
Smith & Wesson Brands, Inc. |
2,494 | ||||||
| 65 |
Snap One Holdings Corporation (a) |
760 | ||||||
| 267 |
Solid Power, Inc. (a) |
902 | ||||||
| 67 |
Solo Brands, Inc. - Class A (a) |
277 | ||||||
| 243 |
Sonder Holdings, Inc. (a) |
250 | ||||||
| 114 |
Sonic Automotive, Inc. - Class A |
6,485 | ||||||
| 616 |
Sonos, Inc. (a) |
11,969 | ||||||
| 254 |
Sportsman’s Warehouse Holdings, Inc. (a) |
2,283 | ||||||
| 114 |
Standard Motor Products, Inc. |
4,443 | ||||||
| 430 |
Steven Madden, Ltd. |
15,609 | ||||||
| 518 |
Stitch Fix, Inc. - Class A (a) |
2,414 | ||||||
| 140 |
Stoneridge, Inc. (a) |
3,333 | ||||||
| 127 |
Strategic Education, Inc. |
10,827 | ||||||
| 228 |
Stride, Inc. (a) |
9,683 | ||||||
| 88 |
Sturm Ruger & Company, Inc. |
5,128 | ||||||
| 65 |
Superior Group of Companies, Inc. |
753 | ||||||
| 73 |
Sweetgreen, Inc. - Class A (a) |
637 | ||||||
| 127 |
Target Hospitality Corporation (a) |
1,883 | ||||||
| 642 |
Taylor Morrison Home Corporation (a) |
23,003 | ||||||
| 365 |
Texas Roadhouse, Inc. |
37,063 | ||||||
| 296 |
ThredUp, Inc. - Class A (a) |
471 | ||||||
| 188 |
Tile Shop Holdings, Inc. (a) |
1,026 | ||||||
| 114 |
Tilly’s, Inc. - Class A (a) |
990 | ||||||
| 620 |
Topgolf Callaway Brands Corporation (a) |
14,371 | ||||||
| 68 |
Torrid Holdings, Inc. (a) |
186 | ||||||
| 129 |
Traeger, Inc. (a) |
513 | ||||||
| 65 |
TravelCenters of America, Inc. (a) |
5,483 | ||||||
| 593 |
Tri Pointe Homes, Inc. (a) |
14,137 | ||||||
| 254 |
Tupperware Brands Corporation (a) |
1,041 | ||||||
| 65 |
Udemy, Inc. (a) |
614 | ||||||
| 65 |
Unifi, Inc. (a) |
673 | ||||||
| 65 |
Universal Electronics, Inc. (a) |
827 | ||||||
| 166 |
Universal Technical Institute, Inc. (a) |
1,205 | ||||||
| 329 |
Upbound Group, Inc. |
8,834 | ||||||
| 365 |
Urban Outfitters, Inc. (a) |
9,837 | ||||||
| 232 |
Vacasa, Inc. - Class A (a) |
336 | ||||||
| 303 |
Vista Outdoor, Inc. (a) |
8,654 | ||||||
| 140 |
Visteon Corporation (a) |
23,386 | ||||||
| 505 |
Vivint Smart Home, Inc. (a) |
5,676 | ||||||
| 307 |
Vizio Holding Corporation - Class A (a) |
3,147 | ||||||
| 522 |
Volta, Inc. (a) |
448 | ||||||
| 303 |
Vuzix Corporation (a) |
1,257 | ||||||
| 427 |
Warby Parker, Inc. - Class A (a) |
5,555 | ||||||
The accompanying notes are an integral part of these financial statements.
12
|
Schedules of Investments (Continued) |
February 28, 2023 (Unaudited)
Nationwide Russell 2000® Risk-Managed Income ETF (Continued)
|
Shares |
Security Description |
Value |
||||||
|
COMMON STOCKS — 94.6% (Continued) | ||||||||
|
Consumer Discretionary — 11.0% (Continued) | ||||||||
| 30 |
Weyco Group, Inc. |
$ | 795 | |||||
| 153 |
Wingstop, Inc. |
26,064 | ||||||
| 13 |
Winmark Corporation |
3,796 | ||||||
| 176 |
Winnebago Industries, Inc. |
11,186 | ||||||
| 440 |
Wolverine World Wide, Inc. |
7,370 | ||||||
| 655 |
Workhorse Group, Inc. (a) |
1,349 | ||||||
| 290 |
WW International, Inc. (a) |
1,061 | ||||||
| 39 |
Xometry, Inc. - Class A (a) |
1,186 | ||||||
| 88 |
XPEL, Inc. (a) |
5,879 | ||||||
| 39 |
Xponential Fitness, Inc. - Class A (a) |
990 | ||||||
| 114 |
Zumiez, Inc. (a) |
2,652 | ||||||
| 1,456,561 | ||||||||
|
Consumer Staples — 3.3% |
||||||||
| 857 |
22nd Century Group, Inc. (a) |
774 | ||||||
| 33 |
Alico, Inc. |
849 | ||||||
| 170 |
Andersons, Inc. |
7,757 | ||||||
| 396 |
AppHarvest, Inc. (a) |
404 | ||||||
| 359 |
B&G Foods, Inc. |
4,549 | ||||||
| 430 |
Beauty Health Company (a) |
5,422 | ||||||
| 217 |
BellRing Brands, Inc. (a) |
6,701 | ||||||
| 744 |
Benson Hill, Inc. (a) |
1,659 | ||||||
| 264 |
Beyond Meat, Inc. (a) |
4,710 | ||||||
| 130 |
BRC, Inc. - Class A (a) |
866 | ||||||
| 91 |
Calavo Growers, Inc. |
2,937 | ||||||
| 229 |
Cal-Maine Foods, Inc. |
13,007 | ||||||
| 292 |
Celsius Holdings, Inc. (a) |
26,514 | ||||||
| 54 |
Central Garden & Pet Company (a) |
2,187 | ||||||
| 219 |
Central Garden & Pet Company - Class A (a) |
8,416 | ||||||
| 169 |
Chefs’ Warehouse, Inc. (a) |
5,501 | ||||||
| 22 |
Coca-Cola Consolidated, Inc. |
12,251 | ||||||
| 176 |
Duckhorn Portfolio, Inc. (a) |
2,684 | ||||||
| 293 |
Edgewell Personal Care Company |
12,511 | ||||||
| 262 |
elf Beauty, Inc. (a) |
19,585 | ||||||
| 374 |
Energizer Holdings, Inc. |
13,550 | ||||||
| 190 |
Fresh Del Monte Produce, Inc. |
5,943 | ||||||
| 385 |
Hain Celestial Group, Inc. (a) |
6,865 | ||||||
| 529 |
Herbalife Nutrition, Ltd. (a) |
10,236 | ||||||
| 193 |
HF Foods Group, Inc. (a) |
749 | ||||||
| 438 |
Honest Company, Inc. (a) |
1,222 | ||||||
| 704 |
Hostess Brands, Inc. (a) |
17,389 | ||||||
| 77 |
Ingles Markets, Inc. - Class A |
6,884 | ||||||
| 95 |
Inter Parfums, Inc. |
11,439 | ||||||
| 80 |
J & J Snack Foods Corporation |
11,297 | ||||||
| 47 |
John B Sanfilippo & Son, Inc. |
4,219 | ||||||
| 101 |
Lancaster Colony Corporation |
19,389 | ||||||
| 140 |
Lifecore Biomedical, Inc. (a) |
811 | ||||||
| 88 |
Local Bounti Corporation (a) |
60 | ||||||
| 65 |
Medifast, Inc. |
7,288 | ||||||
| 78 |
MGP Ingredients, Inc. |
7,912 | ||||||
| 215 |
Mission Produce, Inc. (a) |
2,477 | ||||||
| 131 |
National Beverage Corporation (a) |
6,111 | ||||||
| 52 |
Natural Grocers by Vitamin Cottage, Inc. |
571 | ||||||
| 52 |
Nature’s Sunshine Products, Inc. (a) |
564 | ||||||
| 264 |
Nu Skin Enterprises, Inc. - Class A |
10,518 | ||||||
| 127 |
PriceSmart, Inc. |
8,854 | ||||||
| 844 |
Primo Water Corporation |
13,065 | ||||||
| 277 |
Rite Aid Corporation (a) |
1,069 | ||||||
| 26 |
Seneca Foods Corporation - Class A (a) |
1,446 | ||||||
| 453 |
Simply Good Foods Company (a) |
17,345 | ||||||
| 127 |
Sovos Brands, Inc. (a) |
1,660 | ||||||
| 189 |
SpartanNash Company |
5,058 | ||||||
| 616 |
Sprouts Farmers Market, Inc. (a) |
18,658 | ||||||
| 474 |
SunOpta, Inc. (a) |
3,640 | ||||||
| 241 |
Tattooed Chef, Inc. (a) |
304 | ||||||
| 39 |
Thorne HealthTech, Inc. (a) |
193 | ||||||
| 77 |
Tootsie Roll Industries, Inc. |
3,390 | ||||||
| 277 |
TreeHouse Foods, Inc. (a) |
13,515 | ||||||
| 78 |
Turning Point Brands, Inc. |
1,864 | ||||||
| 264 |
United Natural Foods, Inc. (a) |
10,753 | ||||||
| 127 |
Universal Corporation/VA |
6,425 | ||||||
| 65 |
USANA Health Sciences, Inc. (a) |
3,951 | ||||||
| 303 |
Utz Brands, Inc. |
4,969 | ||||||
| 782 |
Vector Group, Ltd. |
10,378 | ||||||
| 329 |
Veru, Inc. (a) |
1,301 | ||||||
| 39 |
Village Super Market, Inc. - Class A |
871 | ||||||
| 165 |
Vintage Wine Estates, Inc. (a) |
252 | ||||||
| 53 |
Vita Coco Company, Inc. (a) |
896 | ||||||
| 127 |
Vital Farms, Inc. (a) |
2,052 | ||||||
| 65 |
WD-40 Company |
11,273 | ||||||
| 88 |
Weis Markets, Inc. |
6,727 | ||||||
| 209 |
Whole Earth Brands, Inc. (a) |
719 | ||||||
| 435,406 | ||||||||
|
Energy — 5.9% |
||||||||
| 167 |
Aemetis, Inc. (a) |
596 | ||||||
| 380 |
Alto Ingredients, Inc. (a) |
1,110 | ||||||
The accompanying notes are an integral part of these financial statements.
13
|
Schedules of Investments (Continued) |
February 28, 2023 (Unaudited)
Nationwide Russell 2000® Risk-Managed Income ETF (Continued)
|
Shares |
Security Description |
Value |
||||||
|
COMMON STOCKS — 94.6% (Continued) | ||||||||
|
Energy — 5.9% (Continued) | ||||||||
| 187 |
Amplify Energy Corporation (a) |
$ | 1,567 | |||||
| 80 |
Arch Resources, Inc. |
12,588 | ||||||
| 743 |
Archrock, Inc. |
8,225 | ||||||
| 184 |
Ardmore Shipping Corporation |
3,340 | ||||||
| 14 |
Battalion Oil Corporation (a) |
126 | ||||||
| 374 |
Berry Corporation |
3,527 | ||||||
| 814 |
Borr Drilling, Ltd. (a) |
5,885 | ||||||
| 114 |
Bristow Group, Inc. (a) |
3,105 | ||||||
| 290 |
Cactus, Inc. - Class A |
13,326 | ||||||
| 470 |
California Resources Corporation |
19,834 | ||||||
| 258 |
Callon Petroleum Company (a) |
10,000 | ||||||
| 39 |
Centrus Energy Corporation - Class A (a) |
1,748 | ||||||
| 1,112 |
ChampionX Corporation |
33,995 | ||||||
| 218 |
Chord Energy Corporation |
29,347 | ||||||
| 242 |
Civitas Resources, Inc. |
16,981 | ||||||
| 847 |
Clean Energy Fuels Corporation (a) |
4,743 | ||||||
| 1,183 |
CNX Resources Corporation (a) |
18,159 | ||||||
| 506 |
Comstock Resources, Inc. |
6,143 | ||||||
| 173 |
CONSOL Energy, Inc. |
9,468 | ||||||
| 171 |
Crescent Energy Company - Class A |
1,973 | ||||||
| 154 |
CVR Energy, Inc. |
4,886 | ||||||
| 355 |
Delek US Holdings, Inc. |
8,935 | ||||||
| 281 |
Denbury, Inc. (a) |
23,427 | ||||||
| 777 |
DHT Holdings, Inc. |
8,990 | ||||||
| 540 |
Diamond Offshore Drilling, Inc. (a) |
6,415 | ||||||
| 101 |
DMC Global, Inc. (a) |
2,704 | ||||||
| 153 |
Dorian LPG, Ltd. |
3,358 | ||||||
| 195 |
Dril-Quip, Inc. (a) |
6,679 | ||||||
| 144 |
Earthstone Energy, Inc. - Class A (a) |
2,009 | ||||||
| 36 |
Empire Petroleum Corporation (a) |
468 | ||||||
| 805 |
Energy Fuels, Inc./Canada (a) |
5,402 | ||||||
| 2,230 |
Equitrans Midstream Corporation |
13,447 | ||||||
| 86 |
Excelerate Energy, Inc. - Class A |
1,858 | ||||||
| 228 |
Expro Group Holdings NV (a) |
5,182 | ||||||
| 146 |
FLEX LNG, Ltd. |
5,065 | ||||||
| 649 |
Frontline plc |
12,253 | ||||||
| 1,142 |
Gevo, Inc. (a) |
2,113 | ||||||
| 520 |
Golar LNG, Ltd. (a) |
11,872 | ||||||
| 262 |
Green Plains, Inc. (a) |
9,084 | ||||||
| 67 |
Gulfport Energy Corporation (a) |
4,430 | ||||||
| 747 |
Helix Energy Solutions Group, Inc. (a) |
6,185 | ||||||
| 549 |
Helmerich & Payne, Inc. |
23,102 | ||||||
| 29 |
HighPeak Energy, Inc. |
776 | ||||||
| 257 |
International Seaways, Inc. |
13,220 | ||||||
| 33 |
Kinetik Holdings, Inc. |
982 | ||||||
| 2,366 |
Kosmos Energy, Ltd. (a) |
18,620 | ||||||
| 453 |
Liberty Energy, Inc. |
6,908 | ||||||
| 743 |
Magnolia Oil & Gas Corporation - Class A |
16,235 | ||||||
| 554 |
Matador Resources Company |
29,799 | ||||||
| 769 |
Murphy Oil Corporation |
30,005 | ||||||
| 26 |
Nabors Industries, Ltd. (a) |
3,908 | ||||||
| 22 |
NACCO Industries, Inc. - Class A |
823 | ||||||
| 189 |
National Energy Services Reunited Corporation (a) |
1,221 | ||||||
| 479 |
Newpark Resources, Inc. (a) |
2,122 | ||||||
| 140 |
NextDecade Corporation (a) |
988 | ||||||
| 844 |
NexTier Oilfield Solutions, Inc. (a) |
7,706 | ||||||
| 189 |
Noble Corporation plc (a) |
7,879 | ||||||
| 818 |
Nordic American Tankers, Ltd. |
3,624 | ||||||
| 264 |
Northern Oil and Gas, Inc. |
8,195 | ||||||
| 528 |
Oceaneering International, Inc. (a) |
11,030 | ||||||
| 316 |
Oil States International, Inc. (a) |
2,885 | ||||||
| 241 |
Par Pacific Holdings, Inc. (a) |
6,695 | ||||||
| 906 |
Patterson-UTI Energy, Inc. |
12,412 | ||||||
| 554 |
PBF Energy, Inc. - Class A |
24,215 | ||||||
| 454 |
Peabody Energy Corporation (a) |
12,394 | ||||||
| 972 |
Permian Resources Corporation |
10,507 | ||||||
| 86 |
ProFrac Holding Corporation - Class A (a) |
1,645 | ||||||
| 440 |
ProPetro Holding Corporation (a) |
3,876 | ||||||
| 114 |
Ranger Oil Corporation - Class A |
4,731 | ||||||
| 78 |
REX American Resources Corporation (a) |
2,575 | ||||||
| 153 |
Riley Exploration Permian, Inc. |
4,682 | ||||||
| 469 |
Ring Energy, Inc. (a) |
985 | ||||||
| 342 |
RPC, Inc. |
2,999 | ||||||
| 162 |
SandRidge Energy, Inc. (a) |
2,364 | ||||||
| 228 |
Scorpio Tankers, Inc. |
13,762 | ||||||
| 303 |
Select Energy Services, Inc. - Class A |
2,248 | ||||||
| 655 |
SFL Corporation, Ltd. |
6,760 | ||||||
| 63 |
SilverBow Resources, Inc. (a) |
1,551 | ||||||
| 299 |
Sitio Royalties Corporation - Class A |
7,030 | ||||||
The accompanying notes are an integral part of these financial statements.
14
|
Schedules of Investments (Continued) |
February 28, 2023 (Unaudited)
Nationwide Russell 2000® Risk-Managed Income ETF (Continued)
|
Shares |
Security Description |
Value |
||||||
|
COMMON STOCKS — 94.6% (Continued) | ||||||||
|
Energy — 5.9% (Continued) | ||||||||
| 593 |
SM Energy Company |
$ | 17,499 | |||||
| 153 |
Solaris Oilfield Infrastructure, Inc. - Class A |
1,366 | ||||||
| 202 |
Talos Energy, Inc. (a) |
3,598 | ||||||
| 365 |
Teekay Corporation (a) |
2,278 | ||||||
| 114 |
Teekay Tankers, Ltd. - Class A (a) |
5,147 | ||||||
| 2,014 |
Tellurian, Inc. (a) |
3,001 | ||||||
| 642 |
TETRA Technologies, Inc. (a) |
2,286 | ||||||
| 202 |
Tidewater, Inc. (a) |
9,866 | ||||||
| 1,258 |
Uranium Energy Corporation (a) |
4,655 | ||||||
| 932 |
Ur-Energy, Inc. (a) |
997 | ||||||
| 378 |
US Silica Holdings, Inc. (a) |
4,589 | ||||||
| 316 |
VAALCO Energy, Inc. |
1,482 | ||||||
| 323 |
Valaris, Ltd. (a) |
21,722 | ||||||
| 274 |
Vertex Energy, Inc. (a) |
2,595 | ||||||
| 52 |
Vital Energy, Inc. (a) |
2,672 | ||||||
| 492 |
W&T Offshore, Inc. (a) |
2,760 | ||||||
| 406 |
Weatherford International plc (a) |
27,048 | ||||||
| 335 |
World Fuel Services Corporation |
9,196 | ||||||
| 784,764 | ||||||||
|
Financials — 16.9% |
||||||||
| 88 |
1st Source Corporation |
4,384 | ||||||
| 44 |
ACNB Corporation |
1,630 | ||||||
| 66 |
AFC Gamma, Inc. |
1,022 | ||||||
| 80 |
Alerus Financial Corporation |
1,600 | ||||||
| 72 |
Amalgamated Financial Corporation |
1,696 | ||||||
| 94 |
A-Mark Precious Metals, Inc. |
2,755 | ||||||
| 244 |
Ambac Financial Group, Inc. (a) |
4,038 | ||||||
| 154 |
Amerant Bancorp, Inc. |
4,374 | ||||||
| 443 |
American Equity Investment Life Holding Company |
18,451 | ||||||
| 55 |
American National Bankshares, Inc. |
1,851 | ||||||
| 369 |
Ameris Bancorp |
17,664 | ||||||
| 109 |
AMERISAFE, Inc. |
5,945 | ||||||
| 41 |
Angel Oak Mortgage, Inc. |
308 | ||||||
| 758 |
Apollo Commercial Real Estate Finance, Inc. |
8,709 | ||||||
| 775 |
Arbor Realty Trust, Inc. |
11,687 | ||||||
| 232 |
Ares Commercial Real Estate Corporation |
2,624 | ||||||
| 172 |
Argo Group International Holdings, Ltd. |
4,997 | ||||||
| 482 |
ARMOUR Residential REIT, Inc. |
2,617 | ||||||
| 79 |
Arrow Financial Corporation |
2,408 | ||||||
| 324 |
Artisan Partners Asset Management, Inc. - Class A |
10,682 | ||||||
| 104 |
AssetMark Financial Holdings, Inc. (a) |
3,255 | ||||||
| 802 |
Associated Banc-Corp |
18,566 | ||||||
| 9 |
Associated Capital Group, Inc. - Class A |
324 | ||||||
| 408 |
Atlantic Union Bankshares Corporation |
15,284 | ||||||
| 27 |
Atlanticus Holdings Corporation (a) |
865 | ||||||
| 262 |
Avantax, Inc. (a) |
7,491 | ||||||
| 318 |
Axos Financial, Inc. (a) |
15,070 | ||||||
| 101 |
B Riley Financial, Inc. |
4,018 | ||||||
| 262 |
Bakkt Holdings, Inc. (a) |
383 | ||||||
| 295 |
Banc of California, Inc. |
5,177 | ||||||
| 93 |
BancFirst Corporation |
8,393 | ||||||
| 171 |
Banco Latinoamericano de Comercio Exterior SA |
3,129 | ||||||
| 290 |
Bancorp, Inc. (a) |
10,031 | ||||||
| 34 |
Bank First Corporation |
2,772 | ||||||
| 86 |
Bank of Marin Bancorp |
2,494 | ||||||
| 264 |
Bank of NT Butterfield & Son, Ltd. |
9,544 | ||||||
| 493 |
BankUnited, Inc. |
17,462 | ||||||
| 30 |
Bankwell Financial Group, Inc. |
905 | ||||||
| 189 |
Banner Corporation |
11,903 | ||||||
| 82 |
Bar Harbor Bankshares |
2,449 | ||||||
| 66 |
BayCom Corporation |
1,355 | ||||||
| 75 |
BCB Bancorp, Inc. |
1,301 | ||||||
| 271 |
Berkshire Hills Bancorp, Inc. |
7,875 | ||||||
| 1,739 |
BGC Partners, Inc. - Class A |
8,452 | ||||||
| 858 |
Blackstone Mortgage Trust, Inc. - Class A |
18,165 | ||||||
| 158 |
Blue Foundry Bancorp (a) |
1,934 | ||||||
| 95 |
Blue Ridge Bankshares, Inc. |
1,163 | ||||||
| 254 |
Bread Financial Holdings, Inc. |
10,432 | ||||||
| 114 |
Bridgewater Bancshares, Inc. (a) |
1,677 | ||||||
| 298 |
Bright Health Group, Inc. (a) |
259 | ||||||
| 332 |
Brightsphere Investment Group, Inc. |
8,323 | ||||||
| 450 |
BrightSpire Capital, Inc. |
3,326 | ||||||
| 708 |
Broadmark Realty Capital, Inc. |
3,611 | ||||||
| 511 |
Brookline Bancorp, Inc. |
6,623 | ||||||
| 253 |
BRP Group, Inc. - Class A (a) |
7,271 | ||||||
| 108 |
Business First Bancshares, Inc. |
2,251 | ||||||
| 134 |
Byline Bancorp, Inc. |
3,303 | ||||||
| 1,024 |
Cadence Bank |
27,197 | ||||||
| 40 |
Cambridge Bancorp |
3,181 | ||||||
| 77 |
Camden National Corporation |
3,169 | ||||||
The accompanying notes are an integral part of these financial statements.
15
|
Schedules of Investments (Continued) |
February 28, 2023 (Unaudited)
Nationwide Russell 2000® Risk-Managed Income ETF (Continued)
|
Shares |
Security Description |
Value |
||||||
|
COMMON STOCKS — 94.6% (Continued) | ||||||||
|
Financials — 16.9% (Continued) | ||||||||
| 437 |
Cannae Holdings, Inc. (a) |
$ | 9,867 | |||||
| 45 |
Capital Bancorp, Inc. |
914 | ||||||
| 70 |
Capital City Bank Group, Inc. |
2,497 | ||||||
| 713 |
Capitol Federal Financial, Inc. |
5,982 | ||||||
| 110 |
Capstar Financial Holdings, Inc. |
1,903 | ||||||
| 143 |
Carter Bankshares, Inc. (a) |
2,484 | ||||||
| 407 |
Cathay General Bancorp |
17,468 | ||||||
| 148 |
Central Pacific Financial Corporation |
3,320 | ||||||
| 34 |
Chicago Atlantic Real Estate Finance, Inc. |
498 | ||||||
| 1,255 |
Chimera Investment Corporation |
8,145 | ||||||
| 83 |
Citizens & Northern Corporation |
1,868 | ||||||
| 82 |
City Holding Company |
8,052 | ||||||
| 79 |
Civista Bancshares, Inc. |
1,685 | ||||||
| 477 |
Claros Mortgage Trust, Inc. |
6,649 | ||||||
| 88 |
CNB Financial Corporation/PA |
2,098 | ||||||
| 675 |
CNO Financial Group, Inc. |
17,294 | ||||||
| 47 |
Coastal Financial Corporation/WA (a) |
2,169 | ||||||
| 140 |
Cohen & Steers, Inc. |
10,130 | ||||||
| 87 |
Colony Bankcorp, Inc. |
1,094 | ||||||
| 424 |
Columbia Banking System, Inc. |
12,606 | ||||||
| 209 |
Columbia Financial, Inc. (a) |
4,410 | ||||||
| 291 |
Community Bank System, Inc. |
17,766 | ||||||
| 84 |
Community Trust Bancorp, Inc. |
3,591 | ||||||
| 286 |
Compass Diversified Holdings |
6,226 | ||||||
| 207 |
ConnectOne Bancorp, Inc. |
5,020 | ||||||
| 78 |
Consumer Portfolio Services, Inc. (a) |
863 | ||||||
| 144 |
Cowen, Inc. - Class A |
5,615 | ||||||
| 90 |
Crawford & Company - Class A |
497 | ||||||
| 255 |
CrossFirst Bankshares, Inc. (a) |
3,608 | ||||||
| 111 |
Curo Group Holdings Corporation |
324 | ||||||
| 157 |
Customers Bancorp, Inc. (a) |
4,836 | ||||||
| 715 |
CVB Financial Corporation |
17,110 | ||||||
| 17 |
Diamond Hill Investment Group, Inc. |
2,968 | ||||||
| 187 |
Dime Community Bancshares, Inc. |
5,730 | ||||||
| 80 |
Donegal Group, Inc. - Class A |
1,230 | ||||||
| 156 |
Donnelley Financial Solutions, Inc. (a) |
6,600 | ||||||
| 198 |
Dynex Capital, Inc. |
2,620 | ||||||
| 177 |
Eagle Bancorp, Inc. |
7,754 | ||||||
| 945 |
Eastern Bankshares, Inc. |
14,818 | ||||||
| 132 |
eHealth, Inc. (a) |
972 | ||||||
| 291 |
Ellington Financial, Inc. |
3,745 | ||||||
| 156 |
Employers Holdings, Inc. |
6,928 | ||||||
| 80 |
Enact Holdings, Inc. |
1,940 | ||||||
| 156 |
Encore Capital Group, Inc. (a) |
8,062 | ||||||
| 196 |
Enova International, Inc. (a) |
9,555 | ||||||
| 66 |
Enstar Group, Ltd. (a) |
16,138 | ||||||
| 53 |
Enterprise Bancorp, Inc./MA |
1,876 | ||||||
| 192 |
Enterprise Financial Services Corporation |
10,456 | ||||||
| 72 |
Equity Bancshares, Inc. - Class A |
2,164 | ||||||
| 34 |
Esquire Financial Holdings, Inc. |
1,564 | ||||||
| 605 |
Essent Group, Ltd. |
25,985 | ||||||
| 273 |
EZCORP, Inc. - Class A (a) |
2,408 | ||||||
| 64 |
Farmers & Merchants Bancorp, Inc./Archbold OH |
1,658 | ||||||
| 169 |
Farmers National Banc Corporation |
2,408 | ||||||
| 180 |
FB Financial Corporation |
6,784 | ||||||
| 47 |
Federal Agricultural Mortgage Corporation - Class C |
6,667 | ||||||
| 522 |
Federated Hermes, Inc. |
20,540 | ||||||
| 104 |
Finance Of America Companies, Inc. - Class A (a) |
152 | ||||||
| 85 |
Financial Institutions, Inc. |
2,122 | ||||||
| 56 |
First Bancorp, Inc. |
1,640 | ||||||
| 1,112 |
First BanCorp/Puerto Rico |
16,135 | ||||||
| 189 |
First Bancorp/Southern Pines NC |
7,842 | ||||||
| 111 |
First Bancshares, Inc. |
3,475 | ||||||
| 86 |
First Bank/Hamilton NJ |
1,172 | ||||||
| 281 |
First Busey Corporation |
6,783 | ||||||
| 43 |
First Business Financial Services, Inc. |
1,523 | ||||||
| 509 |
First Commonwealth Financial Corporation |
8,149 | ||||||
| 93 |
First Community Bankshares, Inc. |
2,903 | ||||||
| 518 |
First Financial Bancorp |
12,764 | ||||||
| 704 |
First Financial Bankshares, Inc. |
25,823 | ||||||
| 52 |
First Financial Corporation/IN |
2,285 | ||||||
| 220 |
First Foundation, Inc. |
3,315 | ||||||
| 32 |
First Guaranty Bancshares, Inc. |
656 | ||||||
| 52 |
First Internet Bancorp |
1,405 | ||||||
| 482 |
First Interstate BancSystem, Inc. - Class A |
17,130 | ||||||
| 307 |
First Merchants Corporation |
12,562 | ||||||
| 91 |
First Mid Bancshares, Inc. |
2,820 | ||||||
| 129 |
First of Long Island Corporation |
2,196 | ||||||
| 40 |
First Western Financial, Inc. (a) |
1,035 | ||||||
| 216 |
FirstCash Holdings, Inc. |
19,063 | ||||||
| 66 |
Five Star Bancorp |
1,803 | ||||||
The accompanying notes are an integral part of these financial statements.
16
|
Schedules of Investments (Continued) |
February 28, 2023 (Unaudited)
Nationwide Russell 2000® Risk-Managed Income ETF (Continued)
|
Shares |
Security Description |
Value |
||||||
|
COMMON STOCKS — 94.6% (Continued) | ||||||||
|
Financials — 16.9% (Continued) | ||||||||
| 161 |
Flushing Financial Corporation |
$ | 3,133 | |||||
| 323 |
Focus Financial Partners, Inc. - Class A (a) |
16,751 | ||||||
| 196 |
Franklin BSP Realty Trust, Inc. |
2,746 | ||||||
| 859 |
Fulton Financial Corporation |
14,775 | ||||||
| 77 |
FVCBankcorp, Inc. (a) |
1,043 | ||||||
| 243 |
GCM Grosvenor, Inc. - Class A |
2,000 | ||||||
| 2,795 |
Genworth Financial, Inc. - Class A (a) |
17,413 | ||||||
| 133 |
German American Bancorp, Inc. |
5,227 | ||||||
| 606 |
Glacier Bancorp, Inc. |
28,712 | ||||||
| 96 |
Goosehead Insurance, Inc. - Class A (a) |
4,478 | ||||||
| 293 |
Granite Point Mortgage Trust, Inc. |
1,755 | ||||||
| 55 |
Great Southern Bancorp, Inc. |
3,200 | ||||||
| 296 |
Green Dot Corporation - Class A (a) |
5,603 | ||||||
| 17 |
Greene County Bancorp, Inc. |
957 | ||||||
| 144 |
Greenlight Capital Re, Ltd. - Class A (a) |
1,322 | ||||||
| 45 |
Guaranty Bancshares, Inc./TX |
1,404 | ||||||
| 198 |
Hamilton Lane, Inc. - Class A |
15,404 | ||||||
| 472 |
Hancock Whitney Corporation |
23,185 | ||||||
| 170 |
Hanmi Financial Corporation |
4,015 | ||||||
| 418 |
Hannon Armstrong Sustainable Infrastructure Capital, Inc. |
13,129 | ||||||
| 260 |
HarborOne Bancorp, Inc. |
3,554 | ||||||
| 56 |
HBT Financial, Inc. |
1,272 | ||||||
| 33 |
HCI Group, Inc. |
1,733 | ||||||
| 220 |
Heartland Financial USA, Inc. |
10,877 | ||||||
| 323 |
Heritage Commerce Corporation |
3,912 | ||||||
| 193 |
Heritage Financial Corporation/WA |
5,379 | ||||||
| 342 |
Hilltop Holdings, Inc. |
11,344 | ||||||
| 8 |
Hingham Institution For Savings |
2,278 | ||||||
| 48 |
Hippo Holdings, Inc. (a) |
826 | ||||||
| 42 |
Home Bancorp, Inc. |
1,661 | ||||||
| 839 |
Home BancShares, Inc./AR |
20,220 | ||||||
| 39 |
Home Point Capital, Inc. |
61 | ||||||
| 109 |
HomeStreet, Inc. |
2,750 | ||||||
| 80 |
HomeTrust Bancshares, Inc. |
2,342 | ||||||
| 638 |
Hope Bancorp, Inc. |
8,173 | ||||||
| 231 |
Horace Mann Educators Corporation |
8,538 | ||||||
| 235 |
Horizon Bancorp, Inc./IN |
3,577 | ||||||
| 278 |
Houlihan Lokey, Inc. |
26,604 | ||||||
| 249 |
Independent Bank Corporation |
19,840 | ||||||
| 110 |
Independent Bank Corporation/MI |
2,426 | ||||||
| 193 |
Independent Bank Group, Inc. |
11,360 | ||||||
| 294 |
International Bancshares Corporation |
14,268 | ||||||
| 175 |
Invesco Mortgage Capital, Inc. |
2,193 | ||||||
| 7 |
Investors Title Company |
1,143 | ||||||
| 408 |
Jackson Financial, Inc. - Class A |
18,516 | ||||||
| 205 |
James River Group Holdings, Ltd. |
4,941 | ||||||
| 55 |
John Marshall Bancorp, Inc. |
1,464 | ||||||
| 378 |
Kearny Financial Corporation/MD |
3,795 | ||||||
| 119 |
Kinsale Capital Group, Inc. |
37,924 | ||||||
| 192 |
KKR Real Estate Finance Trust, Inc. |
2,784 | ||||||
| 616 |
Ladder Capital Corporation |
6,961 | ||||||
| 264 |
Lakeland Bancorp, Inc. |
5,082 | ||||||
| 127 |
Lakeland Financial Corporation |
9,096 | ||||||
| 177 |
Lemonade, Inc. (a) |
2,885 | ||||||
| 505 |
LendingClub Corporation (a) |
4,747 | ||||||
| 65 |
LendingTree, Inc. (a) |
2,140 | ||||||
| 166 |
Live Oak Bancshares, Inc. |
5,737 | ||||||
| 78 |
Luther Burbank Corporation (a) |
907 | ||||||
| 140 |
Macatawa Bank Corporation |
1,527 | ||||||
| 90 |
MarketWise, Inc. (a) |
177 | ||||||
| 254 |
MBIA, Inc. (a) |
3,503 | ||||||
| 78 |
Mercantile Bank Corporation |
2,698 | ||||||
| 78 |
Merchants Bancorp/IN |
2,360 | ||||||
| 133 |
Mercury General Corporation |
4,529 | ||||||
| 101 |
Metrocity Bankshares, Inc. |
2,037 | ||||||
| 52 |
Metropolitan Bank Holding Corporation (a) |
2,902 | ||||||
| 574 |
MFA Financial, Inc. |
6,148 | ||||||
| 78 |
Mid Penn Bancorp, Inc. |
2,387 | ||||||
| 114 |
Midland States Bancorp, Inc. |
2,969 | ||||||
| 78 |
MidWestOne Financial Group, Inc. |
2,343 | ||||||
| 329 |
Moelis & Company - Class A |
14,091 | ||||||
| 760 |
Moneylion, Inc. (a) |
508 | ||||||
| 342 |
Mr Cooper Group, Inc. (a) |
15,879 | ||||||
| 52 |
MVB Financial Corporation |
1,419 | ||||||
| 153 |
National Bank Holdings Corporation - Class A |
6,195 | ||||||
| 13 |
National Western Life Group, Inc. - Class A |
3,507 | ||||||
| 844 |
Navient Corporation |
15,234 | ||||||
| 228 |
NBT Bancorp, Inc. |
9,255 | ||||||
The accompanying notes are an integral part of these financial statements.
17
|
Schedules of Investments (Continued) |
February 28, 2023 (Unaudited)
Nationwide Russell 2000® Risk-Managed Income ETF (Continued)
|
Shares |
Security Description |
Value |
||||||
|
COMMON STOCKS — 94.6% (Continued) | ||||||||
|
Financials — 16.9% (Continued) | ||||||||
| 88 |
Nelnet, Inc. - Class A |
$ | 8,261 | |||||
| 121 |
NerdWallet, Inc. - Class A (a) |
2,497 | ||||||
| 2,014 |
New York Mortgage Trust, Inc. |
5,377 | ||||||
| 42 |
Nexpoint Real Estate Finance, Inc. |
758 | ||||||
| 39 |
NI Holdings, Inc. (a) |
540 | ||||||
| 65 |
Nicolet Bankshares, Inc. (a) |
4,840 | ||||||
| 440 |
NMI Holdings, Inc. - Class A (a) |
10,270 | ||||||
| 35 |
Northeast Bank |
1,543 | ||||||
| 241 |
Northfield Bancorp, Inc. |
3,545 | ||||||
| 681 |
Northwest Bancshares, Inc. |
9,411 | ||||||
| 316 |
OceanFirst Financial Corporation |
7,496 | ||||||
| 264 |
OFG Bancorp |
8,031 | ||||||
| 1,605 |
Old National Bancorp/IN |
28,360 | ||||||
| 140 |
Old Second Bancorp, Inc. |
2,321 | ||||||
| 567 |
Open Lending Corporation - Class A (a) |
4,014 | ||||||
| 101 |
Oportun Financial Corporation (a) |
610 | ||||||
| 52 |
Oppenheimer Holdings, Inc. - Class A |
2,293 | ||||||
| 65 |
OppFi, Inc. (a) |
137 | ||||||
| 140 |
Orchid Island Capital, Inc. |
1,590 | ||||||
| 114 |
Origin Bancorp, Inc. |
4,322 | ||||||
| 52 |
Orrstown Financial Services, Inc. |
1,196 | ||||||
| 554 |
Oscar Health, Inc. - Class A (a) |
3,069 | ||||||
| 518 |
Pacific Premier Bancorp, Inc. |
16,794 | ||||||
| 127 |
Palomar Holdings, Inc. (a) |
7,620 | ||||||
| 78 |
Park National Corporation |
9,966 | ||||||
| 52 |
Parke Bancorp, Inc. |
1,061 | ||||||
| 172 |
Pathward Financial, Inc. |
8,774 | ||||||
| 61 |
PCB Bancorp |
1,114 | ||||||
| 88 |
Peapack-Gladstone Financial Corporation |
3,269 | ||||||
| 166 |
PennyMac Financial Services, Inc. |
10,038 | ||||||
| 518 |
PennyMac Mortgage Investment Trust |
6,750 | ||||||
| 140 |
Peoples Bancorp, Inc./OH |
4,355 | ||||||
| 39 |
Peoples Financial Services Corporation |
1,932 | ||||||
| 232 |
Perella Weinberg Partners |
2,346 | ||||||
| 65 |
Pioneer Bancorp, Inc./NY (a) |
735 | ||||||
| 88 |
Piper Sandler Companies |
13,287 | ||||||
| 127 |
PJT Partners, Inc. - Class A |
10,018 | ||||||
| 228 |
PRA Group, Inc. (a) |
9,704 | ||||||
| 65 |
Preferred Bank/Los Angeles CA |
4,576 | ||||||
| 189 |
Premier Financial Corporation |
4,691 | ||||||
| 133 |
Primis Financial Corporation |
1,557 | ||||||
| 277 |
ProAssurance Corporation |
5,510 | ||||||
| 352 |
PROG Holdings, Inc. (a) |
8,701 | ||||||
| 78 |
Provident Bancorp, Inc. |
715 | ||||||
| 417 |
Provident Financial Services, Inc. |
9,737 | ||||||
| 78 |
QCR Holdings, Inc. |
4,172 | ||||||
| 968 |
Radian Group, Inc. |
20,667 | ||||||
| 78 |
RBB Bancorp |
1,541 | ||||||
| 316 |
Ready Capital Corporation |
3,558 | ||||||
| 13 |
Red River Bancshares, Inc. |
658 | ||||||
| 593 |
Redwood Trust, Inc. |
4,513 | ||||||
| 39 |
Regional Management Corporation |
1,229 | ||||||
| 303 |
Renasant Corporation |
10,902 | ||||||
| 52 |
Republic Bancorp, Inc./KY - Class A |
2,314 | ||||||
| 231 |
Republic First Bancorp, Inc. (a) |
462 | ||||||
| 215 |
RLI Corporation |
29,650 | ||||||
| 41 |
Root, Inc./OH - Class A (a) |
205 | ||||||
| 202 |
S&T Bancorp, Inc. |
7,527 | ||||||
| 78 |
Safety Insurance Group, Inc. |
6,294 | ||||||
| 241 |
Sandy Spring Bancorp, Inc. |
7,941 | ||||||
| 114 |
Sculptor Capital Management, Inc. |
1,023 | ||||||
| 349 |
Seacoast Banking Corporation of Florida |
10,648 | ||||||
| 303 |
Selective Insurance Group, Inc. |
30,763 | ||||||
| 730 |
Selectquote, Inc. (a) |
1,708 | ||||||
| 264 |
ServisFirst Bancshares, Inc. |
19,523 | ||||||
| 91 |
Shore Bancshares, Inc. |
1,552 | ||||||
| 78 |
Sierra Bancorp |
1,576 | ||||||
| 52 |
Silvercrest Asset Management Group, Inc. - Class A |
925 | ||||||
| 140 |
Silvergate Capital Corporation - Class A (a) |
1,947 | ||||||
| 681 |
Simmons First National Corporation - Class A |
15,139 | ||||||
| 453 |
SiriusPoint, Ltd. (a) |
3,216 | ||||||
| 65 |
SmartFinancial, Inc. |
1,775 | ||||||
| 52 |
South Plains Financial, Inc. |
1,367 | ||||||
| 39 |
Southern First Bancshares, Inc. (a) |
1,570 | ||||||
| 39 |
Southern Missouri Bancorp, Inc. |
1,805 | ||||||
| 166 |
Southside Bancshares, Inc. |
6,340 | ||||||
| 418 |
SouthState Corporation |
33,723 | ||||||
| 249 |
Stellar Bancorp, Inc. |
7,283 | ||||||
| 202 |
StepStone Group, Inc. - Class A |
5,777 | ||||||
| 88 |
Sterling Bancorp, Inc./MI (a) |
546 | ||||||
The accompanying notes are an integral part of these financial statements.
18
|
Schedules of Investments (Continued) |
February 28, 2023 (Unaudited)
Nationwide Russell 2000® Risk-Managed Income ETF (Continued)
|
Shares |
Security Description |
Value |
||||||
|
COMMON STOCKS — 94.6% (Continued) | ||||||||
|
Financials — 16.9% (Continued) | ||||||||
| 140 |
Stewart Information Services Corporation |
$ | 5,949 | |||||
| 127 |
Stock Yards Bancorp, Inc. |
7,433 | ||||||
| 88 |
StoneX Group, Inc. (a) |
8,873 | ||||||
| 52 |
Summit Financial Group, Inc. |
1,324 | ||||||
| 125 |
Sunlight Financial Holdings, Inc. (a) |
164 | ||||||
| 19 |
SWK Holdings Corporation (a) |
356 | ||||||
| 264 |
Texas Capital Bancshares, Inc. (a) |
17,485 | ||||||
| 13 |
Third Coast Bancshares, Inc. (a) |
240 | ||||||
| 114 |
Tiptree, Inc. |
1,835 | ||||||
| 78 |
Tompkins Financial Corporation |
5,834 | ||||||
| 365 |
Towne Bank/Portsmouth VA |
11,070 | ||||||
| 316 |
TPG RE Finance Trust, Inc. |
2,683 | ||||||
| 88 |
Trean Insurance Group, Inc. (a) |
536 | ||||||
| 153 |
TriCo Bancshares |
7,728 | ||||||
| 127 |
Triumph Financial, Inc. (a) |
7,728 | ||||||
| 140 |
Trupanion, Inc. (a) |
8,313 | ||||||
| 101 |
TrustCo Bank Corporation NY |
3,783 | ||||||
| 342 |
Trustmark Corporation |
10,055 | ||||||
| 453 |
Two Harbors Investment Corporation |
7,506 | ||||||
| 228 |
UMB Financial Corporation |
20,670 | ||||||
| 730 |
United Bankshares, Inc./WV |
29,762 | ||||||
| 563 |
United Community Banks, Inc./GA |
18,641 | ||||||
| 114 |
United Fire Group, Inc. |
3,254 | ||||||
| 37 |
Unity Bancorp, Inc. |
977 | ||||||
| 140 |
Universal Insurance Holdings, Inc. |
2,706 | ||||||
| 153 |
Univest Financial Corporation |
4,315 | ||||||
| 57 |
USCB Financial Holdings, Inc. (a) |
724 | ||||||
| 2,177 |
Valley National Bancorp |
25,210 | ||||||
| 127 |
Value Line, Inc. |
6,383 | ||||||
| 233 |
Velocity Financial, Inc. (a) |
2,246 | ||||||
| 264 |
Veritex Holdings, Inc. |
7,038 | ||||||
| 84 |
Victory Capital Holdings, Inc. - Class A |
2,853 | ||||||
| 39 |
Virtus Investment Partners, Inc. |
8,207 | ||||||
| 153 |
Walker & Dunlop, Inc. |
13,346 | ||||||
| 352 |
Washington Federal, Inc. |
12,345 | ||||||
| 88 |
Washington Trust Bancorp, Inc. |
3,696 | ||||||
| 114 |
Waterstone Financial, Inc. |
1,835 | ||||||
| 342 |
WesBanco, Inc. |
12,363 | ||||||