N-CSR 1 easeries-strive_ncsr.htm N-CSR

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-22961

EA Series Trust
(Exact name of registrant as specified in charter)

19 E. Eagle Road

Havertown, PA 19083
(Address of principal executive offices) (Zip code)

19 E. Eagle Road

Havertown, PA 19083

(Name and address of agent for service)

215-882-9983

Registrant’s telephone number, including area code

Date of fiscal year end: July 31, 2023

Date of reporting period: July 31, 2023

Item 1. Reports to Stockholders.

Strive U.S. Energy ETF

Strive 500 ETF

Strive U.S. Semiconductor ETF

Strive Emerging Markets Ex-China ETF

Strive 1000 Dividend Growth ETF

Strive 1000 Growth ETF

Strive 1000 Value ETF

Strive Small-Cap ETF

Annual Report

July 31, 2023

STRIVE ETFs

TABLE OF CONTENTS

		Page
Letter to Shareholders		1 – 4
Sector Allocations		5 – 20
Index Overview		21
Schedules of Investments		22 – 131
Statements of Assets and Liabilities		132 – 133
Statements of Operations		134 – 135
Statements of Changes in Net Assets		136 – 137
Financial Highlights		138
Notes to Financial Statements		139 – 155
Report of Independent Registered Public Accounting Firm		156 – 157
Expense Example		158 – 159
Liquidity Risk Management Program		160
Federal Tax Information		161
Management of the Funds		162 – 163
Information About Portfolio Holdings		164
Information About Proxy Voting		164
Privacy Policy		164

STRIVE ETFs

LETTER TO SHAREHOLDERS

JULY 31, 2023

6555 Longshore Street, Suite 220

Dublin, OH 43017

Phone: 872-270-5406

www.strivefunds.com

July 31, 2023

Dear Strive ETF Shareholders,

Thank you for your investment in the Strive U.S. Energy ETF (DRLL), Strive 500 ETF (STRV), Strive U.S. Semiconductor ETF (SHOC), Strive 1000 Dividend Growth ETF (STXD), Strive 1000 Growth ETF (STXG), Strive 1000 Value ETF (STXV), Strive Small-Cap ETF (STXK), and Strive Emerging Markets Ex-China ETF (STXE), collectively referred to as the “Funds”. The information presented in this letter relates to the operations of the Funds for their fiscal periods beginning on their respective inceptions through July 31, 2023. The inception dates are as follows: DRLL: August 8, 2022, STRV: September 14, 2022, SHOC: October 5, 2022, STXD: November 9, 2022, STXG: November 9, 2022, STXV: November 9, 2022, STXK: November 9, 2022, and STXE: January 30, 2023.

DRLL is a passively managed exchange-traded fund (“ETF”) that seeks to track the investment results of the Solactive United States Energy Regulated Capped Index (the “Index”), which measures the performance of the energy sector of the U.S. equity market as defined by Solactive AG. The Index includes large, and mid-capitalization companies.

STRV is a passively managed ETF that seeks to track the investment results of the Solactive GBS United States 500 Index (the “Index”), which is a float-adjusted, capitalization weighted index consisting of equity securities of the 500 largest companies in the U.S. stock market.

SHOC is a passively managed ETF that seeks to track the investment results of the Solactive United States Semiconductors 30 Capped Index (the “Index”), which measures the performance of the largest thirty (30) U.S. companies in the U.S. semiconductor sector as defined by Solactive AG. The Index includes large, mid, and small capitalization companies.

STXD is a passively managed ETF that seeks to track the investment results of the Bloomberg US 1000 Dividend Growth Index (the “Index”). The Index is a subset of the Bloomberg US 1000 Growth Index, which measures the performance of large- and mid-capitalization growth companies in the U.S. equity market as determined by Bloomberg.

STXG is a passively managed exchange-traded fund (“ETF”) that seeks to track the investment results of the Bloomberg US 1000 Growth Index (the “Index”), which measures the performance of large- and mid-capitalization growth companies in the U.S. equity market as determined by Bloomberg. The Index includes large- and mid-capitalization companies.

STXV is a passively managed ETF that seeks to track the investment results of the Bloomberg US 1000 Value Index (the “Index”), which measures the performance of the large- and mid-capitalization value sector of the U.S. equity market as determined by Bloomberg. The Index includes large- and mid-capitalization companies.

STRIVE ETFs

LETTER TO SHAREHOLDERS (CONTINUED)

JULY 31, 2023

STXK is a passively managed ETF that, as of January 25, 2023, seeks to track the investment results of the Bloomberg US 600 Index (the “Index”), which measures the performance of the small-capitalization sector in the U.S. equity market as determined by Bloomberg. Prior to January 25, 2023, the ETF sought to track the investment results of the Bloomberg US 2000 Index, which measures the performance of the small- and mid-capitalization sectors of the U.S. equity market as determined by Bloomberg and includes small- and mid-capitalization companies.

STXE is a passively managed ETF that seeks to track the investment results of the Bloomberg Emerging Markets ex China Large & Mid Cap Index (the “Index”), which tracks large and mid-capitalization equity securities across 24 emerging market economies, excluding China. Components of the Index are selected and weighted according to free-float market capitalization.

Strive launched eight passively managed ETFs during its first fiscal year ending July 31, 2023. One of Strive’s core differentiators is our approach to shareholder voting and engagement, in which we are unapologetically committed to shareholder primacy and believe the purpose of a for-profit company is to maximize long-run value to investors. We leverage our voice and vote to maximize long-run client value by mandating the corporate pursuit of excellence through our variety of investment funds and client solutions.

DRLL

For FY 2023, DRLL was up 20.15% at its market price and up 20.22% at net asset value (“NAV”). Over the period, DRLL underperformed the Solactive United States Energy Regulated Capped Index, which was up 20.60%.

DRLL distributes income to shareholders on a quarterly basis.

STRV

For FY 2023, STRV was up 17.92% at its market price and up 17.85% at net asset value (“NAV”). Over the period, STRV underperformed the Solactive GBS United States 500 Index, which was up 17.95%.

STRV distributes income to shareholders on a quarterly basis.

SHOC

For FY 2023, SHOC was up 47.06% at its market price and up 47.03% at net asset value (“NAV”). Over the period, SHOC underperformed the Solactive United States Semiconductors 30 Capped Index, which was up 47.62%.

SHOC distributes income to shareholders on a quarterly basis.

STXD

For FY 2023, STXD was up 14.97% at its market price and up 14.90% at net asset value (“NAV”). Over the period, STXD underperformed the Bloomberg US 1000 Dividend Growth Index, which was up 15.22%.

STXD distributes income to shareholders on a quarterly basis.

STXG

For FY 2023, STXG was up 31.78% at its market price and up 31.88% at net asset value (“NAV”). Over the period, STXG underperformed the Bloomberg US 1000 Growth Index, which was up 32.12%.

STXG distributes income to shareholders on a quarterly basis.

STRIVE ETFs

LETTER TO SHAREHOLDERS (CONTINUED)

JULY 31, 2023

STXV

For FY 2023, STXV was up 8.93% at its market price and up 9.03% at net asset value (“NAV”). Over the period, STXV underperformed the Bloomberg US 1000 Value Index, which was up 9.16%.

STXV distributes income to shareholders on a quarterly basis.

STXK

For FY 2023, STXK was up 16.33% at its market price and up 16.20% at net asset value (“NAV”). Over the period, STXK underperformed the Bloomberg US 600 Index, which was up 17.12%.

STXK distributes income to shareholders on a quarterly basis.

STXE

For FY 2023, STXE was up 8.24% at its market price and up 7.49% at net asset value (“NAV”). Over the period, STXE outperformed the Bloomberg Emerging Markets ex China Large & Mid Cap Index, which was up 7.64%.

STXE distributes income to shareholders on a quarterly basis.

We appreciate your continued investment in the Funds and thank you for being clients of Strive. We remain committed to maximizing shareholder value above any other non-pecuniary factors.

Sincerely,

/s/ Matthew Cole

Matthew Cole, CFA

Portfolio Manager

Chief Executive Officer and Chief Investment Officer

Strive Asset Management, LLC

The performance data quoted represents past performance. Past performance does not guarantee future results. The 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 and current performance may be lower or higher than the performance quoted.

Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. ETF shares may only be redeemed at NAV by authorized participants in large creation units. There can be no guarantee that an active trading market for shares will exist. The trading of shares may incur brokerage commissions.

Any offering must be preceded or accompanied by a prospectus.

Investments involve risk and principal loss is possible. There can be no assurance that the Fund will achieve its investment objective. The Fund is subject to the following principal risks, among others:

Please refer to the prospectus for each respective ETF for additional risk information.

STRIVE ETFs

LETTER TO SHAREHOLDERS (CONTINUED)

JULY 31, 2023

This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. We make no representation or warranty as to the accuracy or completeness of the information contained in this report, including third-party data sources. The views expressed are as of the publication date and subject to change at any time. No part of this material may be reproduced in any form or referred to in any other publication without express written permission. References to other funds should not be interpreted as an offer or recommendation of these securities.

The Funds are distributed by Quasar Distributors, LLC. The Funds’ investment adviser is Empowered Funds, LLC dba EA Advisers. The Funds’ investment sub-adviser is Strive Asset Management, LLC.

STRIVE ETFs

Strive U.S. Energy ETF

Growth of $10,000 (Unaudited)

		Average Annual Return*
		Since Inception
		(August 9, 2022)
Strive U.S. Energy ETF - NAV		20.22%
Strive U.S. Energy ETF - MKT		20.15%
Solactive United States Energy Regulated Capped Index TR		20.60%

See “Index Overview” section for a description of the Index.

This chart assumes an initial gross investment of $10,000 made on August 9, 2022. Returns shown include the dividends. Past performance does not guarantee future results. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Investment return and principal value will fluctuate, so that your shares, when redeemed, may be worth more or less than the original cost.

STRIVE ETFs

Strive U.S. Energy ETF

Tabular Presentation of Schedule of Investments

As of July 31, 2023

Sector¹	% Net Assets
Energy		92.8	%²
Utilities		6.0	%
Industrials		0.7	%
Materials		0.1	%
Other³		0.4	%
Total		100.0	%

1.	Sector designations may be different than the sector designations presented in other Fund materials. The sector designations may represent the investment adviser’s internal sector classifications.
2.	For purposes of the Fund’s compliance with its concentration limits, the Fund uses various sub-classifications and none of the Fund’s holdings in the sub-classifications exceed 25% of the Fund’s total assets.
3.	Cash, cash equivalents, short-term investments and other assets less liabilities.

STRIVE ETFs

Strive 500 ETF

Growth of $10,000 (Unaudited)

		Average Annual Return*
		Since Inception
		(September 15, 2022)
Strive 500 ETF - NAV		17.85%
Strive 500 ETF - MKT		17.92%
Solactive GBS United States 500 Index TR		17.95%

See “Index Overview” section for a description of the Index.

This chart assumes an initial gross investment of $10,000 made on September 15, 2022. Returns shown include the dividends. Past performance does not guarantee future results. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Investment return and principal value will fluctuate, so that your shares, when redeemed, may be worth more or less than the original cost.

STRIVE ETFs

Strive 500 ETF

Tabular Presentation of Schedule of Investments

As of July 31, 2023

Sector¹	% Net Assets
Information Technology		28.9	%²
Health Care		13.0	%
Financials		12.4	%
Consumer Discretionary		10.4	%
Communication Services		8.8	%
Industrials		8.5	%
Consumer Staples		6.3	%
Energy		4.3	%
Utilities		2.4	%
Materials		2.4	%
Real Estate		2.2	%
Other³		0.4	%
Total		100.0	%

1.	Sector designations may be different than the sector designations presented in other Fund materials. The sector designations may represent the investment adviser’s internal sector classifications.
2.	For purposes of the Fund’s compliance with its concentration limits, the Fund uses various sub-classifications and none of the Fund’s holdings in the sub-classifications exceed 25% of the Fund’s total assets.
3.	Cash, cash equivalents, short-term investments and other assets less liabilities.

STRIVE ETFs

Strive U.S. Semiconductor ETF

Growth of $10,000 (Unaudited)

		Average Annual Return*
		Since Inception
		(October 6, 2022)
Strive U.S. Semiconductor ETF - NAV		47.03%
Strive U.S. Semiconductor ETF - MKT		47.06%
Solactive United States Semiconductors 30 Capped Index TR		47.62%

See “Index Overview” section for a description of the Index.

This chart assumes an initial gross investment of $10,000 made on October 6, 2022. Returns shown include the dividends. Past performance does not guarantee future results. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Investment return and principal value will fluctuate, so that your shares, when redeemed, may be worth more or less than the original cost.

STRIVE ETFs

Strive U.S. Semiconductor ETF

Tabular Presentation of Schedule of Investments

As of July 31, 2023

Sector¹	% Net Assets
Information Technology		99.8	%²
Other³		0.2	%
Total		100.0	%

1.	Sector designations may be different than the sector designations presented in other Fund materials. The sector designations may represent the investment adviser’s internal sector classifications.
2.	For purposes of the Fund’s compliance with its concentration limits, the Fund uses various sub-classifications and none of the Fund’s holdings in the sub-classifications exceed 25% of the Fund’s total assets.
3.	Cash, cash equivalents, short-term investments and other assets less liabilities.

STRIVE ETFs

Strive Emerging Markets Ex-China ETF

Growth of $10,000 (Unaudited)

		Average Annual Return*
		Since Inception
		(January 31, 2023)
Strive Emerging Markets Ex-China ETF - NAV		7.49%
Strive Emerging Markets Ex-China ETF - MKT		8.24%
Bloomberg Emerging Markets Ex-China Large & Mid-Cap Net Return Index		7.64%

See “Index Overview” section for a description of the Index.

This chart assumes an initial gross investment of $10,000 made on January 31, 2023. Returns shown include the dividends. Past performance does not guarantee future results. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Investment return and principal value will fluctuate, so that your shares, when redeemed, may be worth more or less than the original cost.

STRIVE ETFs

Strive Emerging Markets Ex-China ETF

Tabular Presentation of Schedule of Investments

As of July 31, 2023

Sector¹	% Net Assets
Financials		27.5	%²
Information Technology		23.7	%
Materials		9.7	%
Energy		9.2	%
Industrials		8.1	%
Consumer Staples		5.8	%
Communication Services		4.9	%
Consumer Discretionary		4.8	%
Utilities		2.5	%
Health Care		2.3	%
Real Estate		1.1	%
Other³		0.4	%
Total		100.0	%

1.	Sector designations may be different than the sector designations presented in other Fund materials. The sector designations may represent the investment adviser’s internal sector classifications.
2.	For purposes of the Fund’s compliance with its concentration limits, the Fund uses various sub-classifications and none of the Fund’s holdings in the sub-classifications exceed 25% of the Fund’s total assets.
3.	Cash, cash equivalents, short-term investments and other assets less liabilities.

STRIVE ETFs

Strive 1000 Dividend Growth ETF

Growth of $10,000 (Unaudited)

		Average Annual Return*
		Since Inception
		(November 10, 2022)
Strive 1000 Dividend Growth ETF - NAV		14.90%
Strive 1000 Dividend Growth ETF - MKT		14.97%
Bloomberg US 1000 Dividend Growth Total Return Index		15.22%

See “Index Overview” section for a description of the Index.

This chart assumes an initial gross investment of $10,000 made on November 10, 2022. Returns shown include the dividends. Past performance does not guarantee future results. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Investment return and principal value will fluctuate, so that your shares, when redeemed, may be worth more or less than the original cost.

STRIVE ETFs

Strive 1000 Dividend Growth ETF

Tabular Presentation of Schedule of Investments

As of July 31, 2023

Sector¹	% Net Assets
Health Care		23.5	%
Information Technology		23.4	%
Industrials		13.3	%
Financials		11.7	%
Consumer Staples		8.8	%
Consumer Discretionary		7.2	%
Real Estate		3.2	%
Utilities		3.1	%
Energy		2.9	%
Materials		2.3	%
Communication Services		0.1	%
Other²		0.5	%
Total		100.0	%

1.	Sector designations may be different than the sector designations presented in other Fund materials. The sector designations may represent the investment adviser’s internal sector classifications.
2.	For purposes of the Fund’s compliance with its concentration limits, the Fund uses various sub-classifications and none of the Fund’s holdings in the sub-classifications exceed 25% of the Fund’s total assets.
2.	Cash, cash equivalents, short-term investments and other assets less liabilities.

STRIVE ETFs

Strive 1000 Growth ETF

Growth of $10,000 (Unaudited)

		Average Annual Return*
		Since Inception
		(November 10, 2022)
Strive 1000 Growth ETF - NAV		31.88%
Strive 1000 Growth ETF - MKT		31.78%
Bloomberg US 1000 Growth Total Return Index		32.12%

See “Index Overview” section for a description of the Index.

STRIVE ETFs

Strive 1000 Growth ETF

Tabular Presentation of Schedule of Investments

As of July 31, 2023

Sector¹	% Net Assets
Information Technology		36.8	%²
Health Care		13.8	%
Consumer Discretionary		13.2	%
Communication Services		8.5	%
Financials		8.2	%
Industrials		8.2	%
Consumer Staples		5.7	%
Real Estate		2.4	%
Materials		1.4	%
Utilities		0.8	%
Energy		0.8	%
Other³		0.2	%
Total		100.0	%

1.	Sector designations may be different than the sector designations presented in other Fund materials. The sector designations may represent the investment adviser’s internal sector classifications.
2.	For purposes of the Fund’s compliance with its concentration limits, the Fund uses various sub-classifications and none of the Fund’s holdings in the sub-classifications exceed 25% of the Fund’s total assets.
3.	Cash, cash equivalents, short-term investments and other assets less liabilities.

STRIVE ETFs

Strive 1000 Value ETF

Growth of $10,000 (Unaudited)

		Average Annual Return*
		Since Inception
		(November 10, 2022)
Strive 1000 Value ETF - NAV		9.03%
Strive 1000 Value ETF - MKT		8.93%
Bloomberg US 1000 Value Total Return Index		9.16%

See “Index Overview” section for a description of the Index.

STRIVE ETFs

Strive 1000 Value ETF

Tabular Presentation of Schedule of Investments

As of July 31, 2023

Sector¹	% Net Assets
Financials		21.6	%
Energy		11.9	%
Industrials		11.8	%
Health Care		11.5	%
Communication Services		8.0	%
Consumer Staples		7.7	%
Information Technology		7.5	%
Utilities		5.9	%
Consumer Discretionary		5.7	%
Real Estate		4.1	%
Materials		3.7	%
Other²		0.6	%
Total		100.0	%

1.	Sector designations may be different than the sector designations presented in other Fund materials. The sector designations may represent the investment adviser’s internal sector classifications.
2.	Cash, cash equivalents, short-term investments and other assets less liabilities.

STRIVE ETFs

Strive Small-Cap ETF

Growth of $10,000 (Unaudited)

		Average Annual Return*
		Since Inception
		(November 10, 2022)
Strive Small-Cap ETF - NAV		16.20%
Strive Small-Cap ETF - MKT		16.33%
Bloomberg US 600 Total Return Index		17.12%

See “Index Overview” section for a description of the Index.

STRIVE ETFs

Strive Small-Cap ETF

Tabular Presentation of Schedule of Investments

As of July 31, 2023

Sector¹	% Net Assets
Industrials		18.2	%
Information Technology		15.9	%
Financials		15.0	%
Health Care		12.5	%
Consumer Discretionary		11.2	%
Real Estate		6.6	%
Materials		5.2	%
Energy		5.1	%
Utilities		4.0	%
Consumer Staples		3.8	%
Communication Services		1.9	%
Other²		0.6	%
Total		100.0	%

1.	Sector designations may be different than the sector designations presented in other Fund materials. The sector designations may represent the investment adviser’s internal sector classifications.
2.	Cash, cash equivalents, short-term investments and other assets less liabilities.

STRIVE ETFs

INDEX OVERVIEW (UNAUDITED)

July 31, 2023

Solactive United States Energy Regulated Capped Index

The Solactive United States Energy Regulated Capped Index is a subset of the GBS Index Universe of the Solactive GBS United States 1000 Index with selection criteria contingent on being assigned to one of the following national industries, according to the North America Industry Classification System (NAICS): Crude Petroleum Extraction, Natural Gas Extraction, Bituminous Coal and Lignite Surface Mining, Bituminous Coal Underground Mining, Anthracite Mining, Drilling Oil and Gas Wells, Support Activities for Oil and Gas Operations, Support Activities for Coal Mining, Hydroelectric Power Generation, Nuclear Electric Power Generation, Solar Electric Power Generation, Wind Electric Power Generation, Geothermal Electric Power Generation, and Biomass Electric Power Generation.

The Solactive GBS United States 1000 Index intends to track the performance of the largest 1000 companies from the US stock market and is based on the Solactive Global Benchmark Series. Constituents are selected based on company market capitalization and weighted by free float market capitalization. The index is calculated as a net total return index in USD and is reconstituted quarterly.

Solactive GBS United States 500 Index

The Solactive GBS United States 500 Index intends to track the performance of the largest 500 companies from the US stock market and is based on the Solactive Global Benchmark Series. Constituents are selected based on company market capitalization and weighted by free float market capitalization. The index is calculated as a total return index in USD and is reconstituted quarterly.

Solactive United States Semiconductors 30 Capped Index

The Solactive United States Semiconductors 30 Capped Index is a representation of the largest 30 securities in the semiconductors industry in the United States stock market. To be eligible for inclusion in the index, securities must be assigned either to the Semiconductor and Related Device Manufacturing Industry or to the Semiconductor Machinery Manufacturing.

Bloomberg Emerging Markets Ex-China Large & Mid-Cap Index

The Bloomberg Emerging Markets ex China Large & Mid Cap Index is a float market-cap-weighted equity benchmark that covers 85% market cap of the measured market.

Bloomberg US 1000 Dividend Growth Index

The Bloomberg US 1000 Dividend Growth Index aims to track a subset of stocks in the Bloomberg US 1000 Growth Index which have increased their trailing full year dividend payment for five consecutive years and have a calculated five year dividend growth rate greater than the benchmark index.

Bloomberg US 1000 Growth Index

The Bloomberg US 1000 Growth Index provides exposure to companies with superior growth factor scores based on their earnings yield, valuation, dividend yield, and growth.

Bloomberg US 1000 Value Index

The Bloomberg US 1000 Value Index provides exposure to companies with superior value factor scores based on their earnings yield, valuation, dividend yield, and growth.

Bloomberg US 600 Index

The Bloomberg US 600 Index is a float market-cap-weighted benchmark of the lower 600 in capitalization of the Bloomberg US 1500 Index.

The Bloomberg US 1500 Index is a float market-cap-weighted benchmark of the 1500 most highly capitalized US companies.

Strive U.S. Energy ETF

Schedule of Investments

July 31, 2023

Shares			Value
COMMON STOCKS - 99.6%
Aerospace & Defense - 0.3%
	17,063	BWX Technologies, Inc.	$	1,177,347

Construction & Engineering - 0.2%
	36,107	MDU Resources Group, Inc.		798,687

Construction Materials - 0.1%
	8,904	Knife River Corp. (a)		387,057

Electric Utilities - 2.5%
	187,935	Exelon Corp.		7,866,959
	9,455	IDACORP, Inc.		972,163
				8,839,122
Electrical Components & Equipment - 0.2%
	38,453	Sunrun, Inc. (a)		729,838

Gas Utilities - 2.1%
	58,117	APA Corp		2,353,157
	27,017	Atmos Energy Corp		3,288,239
	16,255	National Fuel Gas Co.		863,303
	13,143	Southwest Gas Holdings, Inc.		866,649
				7,371,348
Independent Power Producers & Energy Traders - 0.8%
	125,470	AES Corp.		2,713,916

Integrated Oil & Gas - 37.8%
	328,380	Chevron Corp.		53,742,671
	690,287	Exxon Mobil Corp.		74,026,378
	133,453	Occidental Petroleum Corp.		8,424,888
				136,193,937
Multi-Utilities - 0.6%
	77,427	NiSource, Inc.		2,155,568

Oil & Gas Drilling - 0.5%
	18,691	Helmerich & Payne, Inc.		836,796
	19,347	Noble Corp. PLC ADR (b)		1,011,268
				1,848,064
Oil & Gas Equipment & Services - 6.6%
	170,473	Halliburton Co.		6,662,085
	72,484	NOV, Inc.		1,455,479
	268,649	Schlumberger Ltd. ADR (b)		15,672,983
				23,790,547
Oil & Gas Exploration & Production - 27.0%
	59,327	Antero Midstream Corp		708,364
	48,009	Antero Resources Corp (a)		1,284,241
	21,287	Chesapeake Energy Corp.		1,795,345
	7,643	Chord Energy Corp.		1,198,728

The accompanying notes are an integral part of these financial statements.

Strive U.S. Energy ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	12,398	Civitas Resources, Inc.	$	928,114
	230,070	ConocoPhillips		27,083,840
	142,735	Coterra Energy, Inc.		3,930,922
	122,810	Devon Energy Corp.		6,631,740
	32,958	Diamondback Energy, Inc.		4,855,372
	111,113	EOG Resources, Inc.		14,725,806
	63,914	EQT Corp.		2,695,893
	52,263	Hess Corp.		7,929,865
	34,481	Magnolia Oil & Gas Corp. - Class A		763,754
	117,959	Marathon Oil Corp.		3,098,783
	20,718	Matador Resources Co.		1,152,542
	27,599	Murphy Oil Corp.		1,194,209
	45,813	Ovintiv, Inc.		2,111,521
	16,251	PDC Energy, Inc.		1,233,288
	39,431	Permian Resources Corp.		460,948
	44,262	Pioneer Natural Resources Co.		9,988,605
	43,651	Range Resources Corp.		1,371,951
	22,471	SM Energy Co.		815,473
	181,066	Southwestern Energy Co. (a)		1,173,308
				97,132,612
Oil & Gas Refining & Marketing - 9.3%
	31,916	Brookfield Renewable Corp - Class A ADR (b)(c)		994,822
	29,813	HF Sinclair Corp.		1,552,959
	84,331	Marathon Petroleum Corp.		11,217,710
	21,440	PBF Energy, Inc. - Class A		1,017,114
	87,773	Phillips 66		9,791,078
	70,024	Valero Energy Corp.		9,026,794
				33,600,477
Oil & Gas Storage & Transportation - 11.2%
	190,772	Baker Hughes Co		6,827,730
	45,539	Cheniere Energy, Inc.		7,370,942
	17,915	DT Midstream, Inc.		958,811
	43,651	EnLink Midstream LLC		506,352
	7,630	Hess Midstream LP - Class A		237,980
	371,865	Kinder Morgan, Inc.		6,585,729
	14,417	New Fortress Energy, Inc.		411,605
	84,076	ONEOK, Inc.		5,636,455
	33,868	Plains GP Holdings LP - Class A		531,389
	42,135	Targa Resources Corp.		3,454,649
	230,375	Williams Cos., Inc.		7,936,419
				40,458,061
Renewable Electricity - 0.4%
	5,604	Clearway Energy, Inc. - Class A		138,251
	14,606	Clearway Energy, Inc. - Class C		385,744
	15,919	NextEra Energy Partners LP		866,789
				1,390,784
		TOTAL COMMON STOCKS (Cost $337,756,725)		358,587,365

The accompanying notes are an integral part of these financial statements.

Strive U.S. Energy ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.0% (d)
	48,000	First American Government Obligations Fund - Class X, 5.14% (e)	$	48,000
		TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $48,000)		48,000

MONEY MARKET FUNDS - 0.4%
	1,435,943	First American Government Obligations Fund - Class X, 5.14% (e)		1,435,943
		TOTAL MONEY MARKET FUNDS (Cost $1,435,943)		1,435,943

		TOTAL INVESTMENTS (Cost $339,240,668) - 100.0%	$	360,071,308
		Other Assets in Excess of Liabilities - 0.0% (d)		132,068
		TOTAL NET ASSETS - 100.0%	$	360,203,376

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

	(a)	Non-income producing security.
	(b)	Foreign issued security.
	(c)	This security or a portion of this security was out on loan as of July 31, 2023. Total loaned securities had a market value of $46,755 as of July 31, 2023.
	(d)	Represents less than 0.05% of net assets.
	(e)	Rate shown is the 7-day effective yield.

The Global Industry Classification Standard (GICS^®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor 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.

Strive 500 ETF

Schedule of Investments

July 31, 2023

Shares			Value
COMMON STOCKS - 97.3%
Advertising - 0.1%
	1,236	Omnicom Group, Inc.	$	104,590
	2,752	Trade Desk, Inc. - Class A (a)		251,148
				355,738
Aerospace & Defense - 1.6%
	471	Axon Enterprise, Inc. (a)		87,573
	3,902	Boeing Co. (a)		931,993
	1,433	General Dynamics Corp.		320,390
	488	HEICO Corp. - Class A		68,491
	395	HEICO Corp.		69,512
	2,616	Howmet Aerospace, Inc.		133,782
	1,204	L3Harris Technologies, Inc.		228,146
	1,617	Lockheed Martin Corp.		721,780
	943	Northrop Grumman Corp.		419,635
	9,460	RTX Corp.		831,818
	351	TransDigm Group, Inc.		315,802
				4,128,922
Agricultural & Farm Machinery - 0.3%
	1,748	Deere & Co.		750,941

Agricultural Products & Services - 0.1%
	3,471	Archer-Daniels-Midland Co.		294,896

Air Freight & Logistics - 0.6%
	1,032	Expeditors International of Washington, Inc.		131,374
	1,491	FedEx Corp.		402,495
	4,710	United Parcel Service, Inc. - Class B		881,382
				1,415,251
Apparel Retail - 0.4%
	2,254	Ross Stores, Inc.		258,399
	7,426	TJX Cos., Inc.		642,572
				900,971
Apparel, Accessories & Luxury Goods - 0.1%
	708	Lululemon Athletica, Inc. (a)		267,999

Application Software - 2.9%
	2,950	Adobe, Inc. (a)		1,611,201
	603	Ansys, Inc. (a)		206,286
	176	Aspen Technology, Inc. (a)		31,416
	879	Atlassian Corp. - Class A (a)		159,925
	1,376	Autodesk, Inc. (a)		291,698
	1,376	Bentley Systems, Inc. - Class B		74,139
	1,720	Cadence Design Systems, Inc. (a)		402,497
	2,021	Datadog, Inc. - Class A (a)		235,891
	181	Fair Isaac Corp. (a)		151,673
	309	HubSpot, Inc. (a)		179,390

The accompanying notes are an integral part of these financial statements.

Strive 500 ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	1,758	Intuit, Inc.	$	899,569
	11,008	Palantir Technologies, Inc. - Class A (a)		218,399
	688	Roper Technologies, Inc.		339,218
	6,301	Salesforce, Inc. (a)		1,417,788
	1,032	Splunk, Inc. (a)		111,797
	995	Synopsys, Inc. (a)		449,541
	237	Tyler Technologies, Inc. (a)		94,001
	1,275	Workday, Inc. - Class A (a)		302,341
	1,376	Zoom Video Communications, Inc. - Class A (a)		100,930
				7,277,700
Asset Management & Custody Banks - 1.0%
	688	Ameriprise Financial, Inc.		239,734
	898	Ares Management Corp. - Class A		89,100
	5,018	Bank of New York Mellon Corp.		227,616
	964	BlackRock, Inc.		712,251
	4,472	Blackstone, Inc.		468,621
	2,752	Blue Owl Capital, Inc.		33,905
	1,892	Franklin Resources, Inc.		55,322
	4,138	KKR & Co., Inc.		245,714
	1,230	Northern Trust Corp.		98,548
	2,236	State Street Corp.		161,976
	1,500	T. Rowe Price Group, Inc.		184,890
				2,517,677
Automobile Manufacturers - 2.2%
	25,112	Ford Motor Co.		331,730
	8,819	General Motors Co.		338,385
	3,612	Lucid Group, Inc. (a)		27,487
	3,276	Rivian Automotive, Inc. - Class A (a)		90,549
	17,740	Tesla, Inc. (a)		4,744,208
				5,532,359
Automotive Parts & Equipment - 0.1%
	1,720	Aptiv PLC ADR (a)(b)		188,323
	258	Mobileye Global, Inc. - Class A (a)		9,850
				198,173
Automotive Retail - 0.2%
	99	AutoZone, Inc. (a)		245,690
	379	O’Reilly Automotive, Inc. (a)		350,874
				596,564
Biotechnology - 2.1%
	11,411	AbbVie, Inc.		1,706,857
	805	Alnylam Pharmaceuticals, Inc. (a)		157,297
	3,440	Amgen, Inc.		805,476
	906	Biogen, Inc. (a)		244,792
	1,204	BioMarin Pharmaceutical, Inc. (a)		105,868
	7,966	Gilead Sciences, Inc.		606,531
	1,405	Horizon Therapeutics PLC ADR (a)(b)		140,879
	1,204	Incyte Corp. (a)		76,719

The accompanying notes are an integral part of these financial statements.

Strive 500 ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	2,105	Moderna, Inc. (a)	$	247,674
	635	Regeneron Pharmaceuticals, Inc. (a)		471,113
	860	Seagen, Inc. (a)		164,931
	1,681	Vertex Pharmaceuticals, Inc. (a)		592,284
				5,320,421
Broadcasting - 0.1%
	1,910	Fox Corp. - Class A		63,890
	860	Fox Corp. - Class B		27,013
	3,647	Paramount Global - Class B		58,461
				149,364
Broadline Retail - 3.4%
	58,387	Amazon.com, Inc. (a)		7,805,174
	6,978	Coupang, Inc. (a)		126,651
	16	Dillard’s, Inc. - Class A		5,489
	3,612	eBay, Inc.		160,770
	729	Etsy, Inc. (a)		74,103
	275	MercadoLibre, Inc. (a)		340,464
				8,512,651
Building Products - 0.4%
	252	Carlisle Cos., Inc.		69,854
	5,332	Carrier Global Corp.		317,521
	4,472	Johnson Controls International PLC ADR (b)		311,028
	194	Lennox International, Inc.		71,283
	1,496	Trane Technologies PLC ADR (b)		298,362
				1,068,048
Cable & Satellite - 0.6%
	660	Charter Communications, Inc. - Class A (a)		267,425
	27,005	Comcast Corp. - Class A		1,222,246
	4,313	Sirius XM Holdings, Inc.		21,996
				1,511,667
Cargo Ground Transportation - 0.1%
	516	JB Hunt Transport Services, Inc.		105,233
	579	Old Dominion Freight Line, Inc.		242,885
				348,118
Casinos & Gaming - 0.1%
	2,064	Las Vegas Sands Corp.		123,448
	1,926	MGM Resorts International		97,783
				221,231
Commercial & Residential Mortgage Finance - 0.0% (c)
	688	Rocket Cos., Inc. - Class A (a)(d)		7,520

Commodity Chemicals - 0.2%
	4,489	Dow, Inc.		253,494
	1,576	LyondellBasell Industries N.V. - Class A ADR (b)		155,803
				409,297

The accompanying notes are an integral part of these financial statements.

Strive 500 ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Communications Equipment - 0.8%
	1,548	Arista Networks, Inc. (a)	$	240,079
	26,739	Cisco Systems, Inc.		1,391,498
	1,051	Motorola Solutions, Inc.		301,248
	12	Ubiquiti, Inc.		2,132
				1,934,957
Computer & Electronics Retail - 0.0% (c)
	1,231	Best Buy Co., Inc.		102,235

Construction & Engineering - 0.1%
	875	Quanta Services, Inc.		176,418

Construction Machinery & Heavy Transportation Equipment - 0.6%
	3,301	Caterpillar, Inc.		875,326
	881	Cummins, Inc.		229,765
	3,311	PACCAR, Inc.		285,176
	1,233	Westinghouse Air Brake Technologies Corp.		146,037
				1,536,304
Construction Materials - 0.1%
	382	Martin Marietta Materials, Inc.		170,548
	860	Vulcan Materials Co.		189,630
				360,178
Consumer Electronics - 0.0% (c)
	1,032	Garmin Ltd. ADR (b)		109,278

Consumer Finance - 0.5%
	3,810	American Express Co.		643,433
	2,408	Capital One Financial Corp.		281,784
	1,720	Discover Financial Services		181,546
	2,975	Synchrony Financial		102,757
				1,209,520
Consumer Staples Merchandise Retail - 1.5%
	2,822	Costco Wholesale Corp.		1,582,211
	1,395	Dollar General Corp.		235,560
	1,246	Dollar Tree, Inc. (a)		192,295
	2,924	Target Corp.		399,038
	9,261	Walmart, Inc.		1,480,463
				3,889,567
Copper - 0.2%
	9,116	Freeport-McMoRan, Inc.		407,029
	526	Southern Copper Corp.		45,993
				453,022
Data Processing & Outsourced Services - 0.1%
	719	Broadridge Financial Solutions, Inc.		120,734
	1,376	SS&C Technologies Holdings, Inc.		80,152
				200,886

The accompanying notes are an integral part of these financial statements.

Strive 500 ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Distillers & Vintners - 0.2%
	1,892	Brown-Forman Corp. - Class B	$	133,575
	1,046	Constellation Brands, Inc. - Class A		285,349
				418,924
Distributors - 0.1%
	860	Genuine Parts Co.		133,919
	254	Pool Corp.		97,724
				231,643
Diversified Banks - 2.8%
	45,881	Bank of America Corp.		1,468,192
	12,384	Citigroup, Inc.		590,221
	4,300	Fifth Third Bancorp		125,130
	18,835	JPMorgan Chase & Co.		2,975,177
	5,848	KeyCorp		71,989
	2,580	PNC Financial Services Group, Inc.		353,176
	9,514	U.S. Bancorp		377,516
	24,670	Wells Fargo & Co.		1,138,767
				7,100,168
Diversified Financial Services - 0.1%
	2,669	Apollo Global Management, Inc.		218,084

Diversified Support Services - 0.2%
	545	Cintas Corp.		273,612
	2,869	Copart, Inc. (a)		253,591
				527,203
Drug Retail - 0.1%
	4,472	Walgreens Boots Alliance, Inc.		134,026

Electric Utilities - 1.6%
	1,548	Alliant Energy Corp.		83,190
	3,412	American Electric Power Co., Inc.		289,133
	390	Avangrid, Inc.		14,461
	2,064	Constellation Energy Corp.		199,486
	4,988	Duke Energy Corp.		466,977
	2,408	Edison International		173,280
	1,311	Entergy Corp.		134,640
	1,400	Evergy, Inc.		83,958
	2,236	Eversource Energy		161,730
	6,611	Exelon Corp.		276,736
	3,440	FirstEnergy Corp.		135,502
	13,003	NextEra Energy, Inc.		953,120
	10,070	PG&E Corp. (a)		177,333
	4,644	PPL Corp.		127,849
	7,120	Southern Co.		515,061
	3,440	Xcel Energy, Inc.		215,791
				4,008,247

The accompanying notes are an integral part of these financial statements.

Strive 500 ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Electrical Components & Equipment - 0.5%
	1,405	AMETEK, Inc.	$	222,833
	2,580	Eaton Corp. PLC ADR (b)		529,726
	3,784	Emerson Electric Co.		345,668
	749	Rockwell Automation, Inc.		251,881
				1,350,108
Electronic Components - 0.2%
	3,784	Amphenol Corp. - Class A		334,165
	5,416	Corning, Inc.		183,819
				517,984
Electronic Equipment & Instruments - 0.2%
	1,217	Keysight Technologies, Inc. (a)		196,034
	259	Teledyne Technologies, Inc. (a)		99,593
	1,548	Trimble, Inc. (a)		83,282
	344	Zebra Technologies Corp. - Class A (a)		105,938
				484,847
Electronic Manufacturing Services - 0.1%
	775	Jabil, Inc.		85,769
	2,064	TE Connectivity Ltd. ADR (b)		296,163
				381,932
Environmental & Facilities Services - 0.3%
	1,376	Republic Services, Inc.		207,927
	1,548	Rollins, Inc.		63,205
	2,611	Waste Management, Inc.		427,656
				698,788
Fertilizers & Agricultural Chemicals - 0.2%
	1,227	CF Industries Holdings, Inc.		100,712
	4,644	Corteva, Inc.		262,061
	747	FMC Corp.		71,884
	2,236	Mosaic Co.		91,139
				525,796
Financial Exchanges & Data - 1.0%
	2,262	CME Group, Inc.		450,048
	228	FactSet Research Systems, Inc.		99,189
	3,612	Intercontinental Exchange, Inc.		414,658
	1,032	Moody’s Corp.		364,038
	518	MSCI, Inc.		283,905
	2,236	Nasdaq, Inc.		112,896
	2,075	S&P Global, Inc.		818,608
	688	Tradeweb Markets, Inc. - Class A		56,272
				2,599,614
Food Distributors - 0.1%
	3,268	Sysco Corp.		249,381

The accompanying notes are an integral part of these financial statements.

Strive 500 ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Food Retail - 0.1%
	1,032	Albertsons Cos., Inc. - Class A	$	22,425
	4,544	Kroger Co.		221,020
				243,445
Footwear - 0.3%
	7,836	NIKE, Inc. - Class B		865,016

Gas Utilities - 0.0% (c)
	967	Atmos Energy Corp.		117,694

Gold - 0.1%
	4,988	Newmont Corp.		214,085

Health Care Distributors - 0.3%
	1,065	AmerisourceBergen Corp.		199,048
	1,588	Cardinal Health, Inc.		145,254
	899	McKesson Corp.		361,758
				706,060
Health Care Equipment - 2.5%
	11,124	Abbott Laboratories		1,238,435
	3,268	Baxter International, Inc.		147,812
	1,900	Becton Dickinson and Co.		529,378
	9,116	Boston Scientific Corp. (a)		472,665
	2,447	Dexcom, Inc. (a)		304,798
	3,956	Edwards Lifesciences Corp. (a)		324,669
	2,446	GE HealthCare Technologies, Inc.		190,788
	1,548	Hologic, Inc. (a)		122,942
	516	IDEXX Laboratories, Inc. (a)		286,241
	414	Insulet Corp. (a)		114,575
	2,257	Intuitive Surgical, Inc. (a)		732,171
	8,477	Medtronic PLC ADR (b)		743,942
	913	ResMed, Inc.		203,006
	692	STERIS PLC ADR (b)		156,081
	2,075	Stryker Corp.		588,076
	261	Teleflex, Inc.		65,555
	1,376	Zimmer Biomet Holdings, Inc.		190,094
				6,411,228
Health Care Facilities - 0.1%
	1,376	HCA Healthcare, Inc.		375,387

Health Care Services - 0.6%
	64	Chemed Corp.		33,350
	1,924	Cigna Group		567,772
	8,428	CVS Health Corp.		629,487
	534	Laboratory Corp. of America Holdings		114,239
	706	Quest Diagnostics, Inc.		95,458
				1,440,306

The accompanying notes are an integral part of these financial statements.

Strive 500 ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Health Care Supplies - 0.1%
	436	Align Technology, Inc. (a)	$	164,760
	369	Cooper Cos., Inc.		144,375
				309,135
Health Care Technology - 0.1%
	909	Veeva Systems, Inc. - Class A (a)		185,636

Home Improvement Retail - 1.2%
	6,591	Home Depot, Inc.		2,200,339
	3,895	Lowe’s Cos., Inc.		912,482
				3,112,821
Homebuilding - 0.2%
	1,932	D.R. Horton, Inc.		245,403
	1,548	Lennar Corp. - Class A		196,333
	39	Lennar Corp. - Class B		4,481
	17	NVR, Inc. (a)		107,209
				553,426
Hotels, Resorts & Cruise Lines - 0.8%
	2,519	Airbnb, Inc. - Class A (a)		383,367
	237	Booking Holdings, Inc. (a)		704,080
	6,064	Carnival Corp. ADR (a)(b)		114,246
	898	Expedia Group, Inc. (a)		110,032
	1,720	Hilton Worldwide Holdings, Inc.		267,443
	1,753	Marriott International, Inc. - Class A		353,773
				1,932,941
Household Products - 1.3%
	1,548	Church & Dwight Co., Inc.		148,097
	801	Clorox Co.		121,335
	5,332	Colgate-Palmolive Co.		406,618
	2,253	Kimberly-Clark Corp.		290,862
	15,324	Procter & Gamble Co.		2,395,141
				3,362,053
Human Resource & Employment Services - 0.4%
	2,619	Automatic Data Processing, Inc.		647,574
	2,064	Paychex, Inc.		258,970
	280	Paycom Software, Inc.		103,253
				1,009,797
Independent Power Producers & Energy Traders - 0.0% (c)
	4,128	AES Corp.		89,289

Industrial Conglomerates - 0.8%
	3,492	3M Co.		389,358
	6,956	General Electric Co.		794,653
	4,300	Honeywell International, Inc.		834,759
				2,018,770

The accompanying notes are an integral part of these financial statements.

Strive 500 ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Industrial Gases - 0.7%
	1,396	Air Products and Chemicals, Inc.	$	426,241
	3,145	Linde PLC ADR (b)		1,228,657
				1,654,898
Industrial Machinery & Supplies & Components - 0.8%
	878	Dover Corp.		128,162
	2,236	Fortive Corp.		175,191
	442	IDEX Corp.		99,808
	1,942	Illinois Tool Works, Inc.		511,367
	2,580	Ingersoll Rand, Inc.		168,397
	280	Nordson Corp.		70,451
	2,752	Otis Worldwide Corp.		250,322
	818	Parker-Hannifin Corp.		335,388
	1,057	Stanley Black & Decker, Inc.		104,928
	1,204	Xylem, Inc.		135,751
				1,979,765
Insurance Brokers - 0.6%
	1,277	Aon PLC - Class A ADR (b)		406,725
	1,376	Arthur J. Gallagher & Co.		295,565
	1,548	Brown & Brown, Inc.		109,057
	3,220	Marsh & McLennan Cos., Inc.		606,712
	688	Willis Towers Watson PLC ADR (b)		145,395
				1,563,454
Integrated Oil & Gas - 2.0%
	11,380	Chevron Corp.		1,862,451
	26,394	Exxon Mobil Corp.		2,830,493
	4,534	Occidental Petroleum Corp.		286,231
				4,979,175
Integrated Telecommunication Services - 0.6%
	46,028	AT&T, Inc.		668,327
	27,100	Verizon Communications, Inc.		923,568
				1,591,895
Interactive Home Entertainment - 0.4%
	4,738	Activision Blizzard, Inc.		439,497
	1,720	Electronic Arts, Inc.		234,522
	2,503	Roblox Corp. - Class A (a)		98,243
	1,032	Take-Two Interactive Software, Inc. (a)		157,834
				930,096
Interactive Media & Services - 5.7%
	38,614	Alphabet, Inc. - Class A (a)		5,124,850
	33,543	Alphabet, Inc. - Class C (a)		4,464,909
	14,367	Meta Platforms, Inc. - Class A (a)		4,577,326
	3,612	Pinterest, Inc. - Class A (a)		104,712
	6,536	Snap, Inc. - Class A (a)		74,249
				14,346,046

The accompanying notes are an integral part of these financial statements.

Strive 500 ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Internet Services & Infrastructure - 0.4%
	1,032	Akamai Technologies, Inc. (a)	$	97,524
	1,741	Cloudflare, Inc. - Class A (a)		119,729
	421	MongoDB, Inc. (a)		178,251
	897	Okta, Inc. (a)		68,943
	1,720	Snowflake, Inc. - Class A (a)		305,661
	601	VeriSign, Inc. (a)		126,781
				896,889
Investment Banking & Brokerage - 1.0%
	9,011	Charles Schwab Corp.		595,627
	2,156	Goldman Sachs Group, Inc.		767,256
	552	Interactive Brokers Group, Inc. - Class A		48,206
	516	LPL Financial Holdings, Inc.		118,350
	8,428	Morgan Stanley		771,668
	1,204	Raymond James Financial, Inc.		132,524
				2,433,631
IT Consulting & Other Services - 1.1%
	4,310	Accenture PLC - Class A ADR (b)		1,363,468
	747	Amdocs Ltd. ADR (b)		69,949
	3,268	Cognizant Technology Solutions Corp. - Class A		215,786
	344	EPAM Systems, Inc. (a)		81,463
	446	Gartner, Inc. (a)		157,701
	5,856	International Business Machines Corp.		844,318
				2,732,685
Life & Health Insurance - 0.3%
	3,616	Aflac, Inc.		261,581
	4,182	MetLife, Inc.		263,341
	1,548	Principal Financial Group, Inc.		123,639
	2,408	Prudential Financial, Inc.		232,348
				880,909
Life Sciences Tools & Services - 1.5%
	1,892	Agilent Technologies, Inc.		230,389
	3,956	Avantor, Inc. (a)		81,375
	92	Bio-Rad Laboratories, Inc. - Class A (a)		37,293
	4,187	Danaher Corp.		1,067,936
	534	Fortrea Holdings, Inc. (a)		17,067
	1,032	Illumina, Inc. (a)		198,299
	1,099	IQVIA Holdings, Inc. (a)		245,912
	129	Mettler-Toledo International, Inc. (a)		162,214
	728	Revvity, Inc.		89,508
	2,498	Thermo Fisher Scientific, Inc.		1,370,553
	358	Waters Corp. (a)		98,883
	437	West Pharmaceutical Services, Inc.		160,833
				3,760,262
Managed Health Care - 1.8%
	3,612	Centene Corp. (a)		245,941
	1,554	Elevance Health, Inc.		732,913

The accompanying notes are an integral part of these financial statements.

Strive 500 ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	768	Humana, Inc.	$	350,845
	352	Molina Healthcare, Inc. (a)		107,180
	6,021	UnitedHealth Group, Inc.		3,048,854
				4,485,733
Metal, Glass & Plastic Containers- 0.0% (c)
	2,064	Ball Corp.		121,136

Movies & Entertainment - 1.1%
	862	Endeavor Group Holdings, Inc. - Class A (a)		20,343
	1,032	Live Nation Entertainment, Inc. (a)		90,558
	2,810	Netflix, Inc. (a)		1,233,506
	800	Spotify Technology S.A. ADR (a)(b)		119,528
	11,772	Walt Disney Co. (a)		1,046,413
	14,104	Warner Bros Discovery, Inc. (a)		184,339
	710	Warner Music Group Corp. - Class A		22,401
				2,717,088
Multi-line Insurance - 0.2%
	4,701	American International Group, Inc.		283,376
	2,064	Hartford Financial Services Group, Inc.		148,360
				431,736
Multi-Sector Holdings - 1.2%
	8,325	Berkshire Hathaway, Inc. - Class B (a)		2,930,067

Multi-Utilities - 0.7%
	1,720	Ameren Corp.		147,352
	3,956	CenterPoint Energy, Inc.		119,036
	1,892	CMS Energy Corp.		115,544
	2,236	Consolidated Edison, Inc.		212,107
	5,338	Dominion Energy, Inc.		285,850
	1,258	DTE Energy Co.		143,789
	3,096	Public Service Enterprise Group, Inc.		195,420
	1,955	Sempra Energy		291,334
	2,064	WEC Energy Group, Inc.		185,471
				1,695,903
Oil & Gas Equipment & Services - 0.4%
	6,918	Baker Hughes Co.		247,595
	5,774	Halliburton Co.		225,648
	9,140	Schlumberger Ltd. ADR (b)		533,228
				1,006,471
Oil & Gas Exploration & Production - 1.1%
	7,947	ConocoPhillips		935,521
	4,988	Coterra Energy, Inc.		137,370
	4,128	Devon Energy Corp.		222,912
	1,066	Diamondback Energy, Inc.		157,043
	3,685	EOG Resources, Inc.		488,373
	2,098	EQT Corp.		88,494
	1,752	Hess Corp.		265,831

The accompanying notes are an integral part of these financial statements.

Strive 500 ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	4,010	Marathon Oil Corp.	$	105,343
	1,552	Pioneer Natural Resources Co.		350,240
	52	Texas Pacific Land Corp.		78,328
				2,829,455
Oil & Gas Refining & Marketing - 0.4%
	2,960	Marathon Petroleum Corp.		393,739
	3,096	Phillips 66		345,359
	2,436	Valero Energy Corp.		314,025
				1,053,123
Oil & Gas Storage & Transportation - 0.4%
	1,554	Cheniere Energy, Inc.		251,530
	12,728	Kinder Morgan, Inc.		225,413
	2,752	ONEOK, Inc.		184,494
	1,401	Targa Resources Corp.		114,868
	7,740	Williams Cos., Inc.		266,643
				1,042,948
Other Specialty Retail - 0.1%
	538	Chewy, Inc. - Class A (a)		18,238
	370	Dick’s Sporting Goods, Inc.		52,170
	688	Tractor Supply Co.		154,105
	312	Ulta Beauty, Inc. (a)		138,778
				363,291
Packaged Foods & Meats - 0.8%
	1,227	Campbell Soup Co.		56,221
	3,096	Conagra Brands, Inc.		101,580
	3,784	General Mills, Inc.		282,816
	901	Hershey Co.		208,410
	1,892	Hormel Foods Corp.		77,345
	613	J.M. Smucker Co.		92,348
	1,720	Kellogg Co.		115,051
	4,988	Kraft Heinz Co.		180,466
	1,548	McCormick & Co., Inc.		138,515
	8,772	Mondelez International, Inc. - Class A		650,268
	1,892	Tyson Foods, Inc. - Class A		105,422
				2,008,442
Paper & Plastic Packaging Products & Materials - 0.1%
	9,632	Amcor PLC ADR (b)		98,824
	457	Avery Dennison Corp.		84,093
	2,408	International Paper Co.		86,832
				269,749
Passenger Airlines - 0.2%
	4,128	Delta Air Lines, Inc.		190,961
	3,784	Southwest Airlines Co.		129,261
	2,064	United Airlines Holdings, Inc. (a)		112,096
				432,318

The accompanying notes are an integral part of these financial statements.

Strive 500 ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Passenger Ground Transportation - 0.3%
	89	Avis Budget Group, Inc. (a)	$	19,606
	12,463	Uber Technologies, Inc. (a)		616,420
				636,026
Personal Care Products - 0.1%
	1,376	Estee Lauder Cos., Inc. - Class A		247,680

Pharmaceuticals - 3.9%
	13,588	Bristol-Myers Squibb Co.		845,038
	5,516	Eli Lilly & Co.		2,507,298
	16,950	Johnson & Johnson		2,839,634
	16,380	Merck & Co., Inc.		1,746,927
	36,301	Pfizer, Inc.		1,309,014
	2,278	Royalty Pharma PLC - Class A ADR (b)		71,484
	7,740	Viatris, Inc.		81,502
	2,960	Zoetis, Inc.		556,746
				9,957,643
Property & Casualty Insurance - 0.8%
	1,720	Allstate Corp.		193,810
	2,434	Arch Capital Group Ltd. ADR (a)(b)		189,097
	2,635	Chubb Ltd. ADR (b)		538,620
	1,032	Cincinnati Financial Corp.		111,023
	1,232	Loews Corp.		77,185
	80	Markel Corp. (a)		115,977
	3,784	Progressive Corp.		476,708
	1,554	Travelers Cos., Inc.		268,236
	1,229	W.R. Berkley Corp.		75,817
				2,046,473
Rail Transportation - 0.7%
	13,432	CSX Corp.		447,554
	1,417	Norfolk Southern Corp.		330,997
	3,956	Union Pacific Corp.		917,871
				1,696,422
Real Estate Services - 0.1%
	1,919	CBRE Group, Inc. - Class A (a)		159,872
	2,580	CoStar Group, Inc. (a)		216,643
				376,515
Regional Banks - 0.3%
	3,096	Citizens Financial Group, Inc.		99,877
	8,944	Huntington Bancshares, Inc.		109,475
	1,058	M&T Bank Corp.		147,972
	5,848	Regions Financial Corp.		119,124
	8,428	Truist Financial Corp.		279,978
				756,426
Reinsurance - 0.0% (c)
	224	Everest Group Ltd. ADR (b)		80,754

The accompanying notes are an integral part of these financial statements.

Strive 500 ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Research & Consulting Services - 0.2%
	757	Equifax, Inc.	$	154,489
	728	Jacobs Solutions, Inc.		91,298
	1,204	TransUnion		95,947
	1,032	Verisk Analytics, Inc.		236,266
				578,000
Restaurants - 1.2%
	176	Chipotle Mexican Grill, Inc. (a)		345,361
	720	Darden Restaurants, Inc.		121,622
	1,575	DoorDash, Inc. - Class A (a)		142,994
	4,748	McDonald’s Corp.		1,392,114
	7,224	Starbucks Corp.		733,742
	2,580	Yum China Holdings, Inc.		157,432
	1,764	Yum! Brands, Inc.		242,850
				3,136,115
Semiconductor Materials & Equipment - 0.9%
	5,360	Applied Materials, Inc.		812,522
	860	Enphase Energy, Inc. (a)		130,574
	877	KLA Corp.		450,734
	860	Lam Research Corp.		617,901
	344	SolarEdge Technologies, Inc. (a)		83,062
	1,032	Teradyne, Inc.		116,554
				2,211,347
Semiconductors - 6.5%
	10,320	Advanced Micro Devices, Inc. (a)		1,180,608
	3,268	Analog Devices, Inc.		652,064
	2,645	Broadcom, Inc.		2,376,929
	692	First Solar, Inc. (a)		143,521
	386	GlobalFoundries, Inc. ADR (a)(b)		24,584
	27,122	Intel Corp.		970,154
	5,332	Marvell Technology, Inc.		347,273
	3,440	Microchip Technology, Inc.		323,154
	7,052	Micron Technology, Inc.		503,442
	251	Monolithic Power Systems, Inc.		140,432
	15,384	NVIDIA Corp.		7,188,789
	2,752	ON Semiconductor Corp. (a)		296,528
	7,259	Qualcomm, Inc.		959,422
	1,032	Skyworks Solutions, Inc.		118,030
	5,848	Texas Instruments, Inc.		1,052,640
				16,277,570
Soft Drinks & Non-alcoholic Beverages - 1.4%
	25,354	Coca-Cola Co.		1,570,173
	5,852	Keurig Dr. Pepper, Inc.		199,027
	3,281	Monster Beverage Corp. (a)		188,625
	8,855	PepsiCo, Inc.		1,659,958
				3,617,783

The accompanying notes are an integral part of these financial statements.

Strive 500 ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Specialty Chemicals - 0.6%
	706	Albemarle Corp.	$	149,870
	695	Celanese Corp.		87,146
	2,669	DuPont de Nemours, Inc.		207,194
	1,582	Ecolab, Inc.		289,727
	1,577	International Flavors & Fragrances, Inc.		133,430
	1,548	PPG Industries, Inc.		222,757
	1,548	Sherwin-Williams Co.		428,022
				1,518,146
Steel - 0.2%
	1,592	Nucor Corp.		273,967
	1,046	Steel Dynamics, Inc.		111,483
				385,450
Systems Software - 7.7%
	1,376	Crowdstrike Holdings, Inc. - Class A (a)		222,444
	4,300	Fortinet, Inc. (a)		334,196
	47,597	Microsoft Corp.		15,988,784
	10,074	Oracle Corp.		1,180,975
	1,897	Palo Alto Networks, Inc. (a)		474,174
	1,312	ServiceNow, Inc. (a)		764,896
	1,401	VMware, Inc. - Class A (a)		220,840
	606	Zscaler, Inc. (a)		97,190
				19,283,499
Technology Distributors - 0.1%
	860	CDW Corp.		160,880

Technology Hardware, Storage & Peripherals - 7.8%
	96,686	Apple, Inc.		18,993,965
	1,548	Dell Technologies, Inc. - Class C		81,920
	8,256	Hewlett Packard Enterprise Co.		143,489
	6,536	HP, Inc.		214,577
	1,376	NetApp, Inc.		107,342
	1,204	Seagate Technology Holdings PLC ADR (b)		76,454
	1,930	Western Digital Corp. (a)		82,141
				19,699,888
Tobacco - 0.6%
	11,352	Altria Group, Inc.		515,608
	9,997	Philip Morris International, Inc.		996,901
				1,512,509
Trading Companies & Distributors - 0.3%
	3,612	Fastenal Co.		211,699
	1,283	Ferguson PLC ADR (b)		207,358
	434	United Rentals, Inc.		201,671
	260	W.W. Grainger, Inc.		192,007
				812,735

The accompanying notes are an integral part of these financial statements.

Strive 500 ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Transaction & Payment Processing Services - 2.6%
	3,348	Block, Inc. (a)	$	269,614
	3,784	Fidelity National Information Services, Inc.		228,478
	3,997	Fiserv, Inc. (a)		504,461
	446	FleetCor Technologies, Inc. (a)		111,014
	1,720	Global Payments, Inc.		189,630
	5,462	Mastercard, Inc. - Class A		2,153,557
	7,259	PayPal Holdings, Inc. (a)		550,377
	10,509	Visa, Inc. - Class A		2,498,305
				6,505,436
Water Utilities - 0.1%
	1,296	American Water Works Co., Inc.		191,069

Wireless Telecommunication Services - 0.2%
	3,624	T-Mobile US, Inc. (a)		499,278
		TOTAL COMMON STOCKS (Cost $215,426,511)		245,476,516

REAL ESTATE INVESTMENT TRUSTS - 2.3%
Data Center REITs - 0.3%
	1,959	Digital Realty Trust, Inc.		244,131
	572	Equinix, Inc.		463,274
				707,405
Diversified REITs - 0.0% (c)
	1,261	W.P. Carey, Inc.		85,155

Health Care REITs - 0.2%
	3,440	Healthpeak Properties, Inc.		75,095
	2,580	Ventas, Inc.		125,182
	3,145	Welltower, Inc.		258,362
				458,639
Industrial REITs - 0.3%
	5,916	Prologis, Inc.		738,021

Multi-Family Residential REITs - 0.3%
	860	AvalonBay Communities, Inc.		162,239
	688	Camden Property Trust		75,054
	2,408	Equity Residential		158,784
	375	Essex Property Trust, Inc.		91,331
	799	Mid-America Apartment Communities, Inc.		119,578
	2,064	UDR, Inc.		84,376
				691,362
Office REITs - 0.1%
	1,139	Alexandria Real Estate Equities, Inc.		143,150

Other Specialized REITs - 0.1%
	7,095	VICI Properties, Inc.		223,351

The accompanying notes are an integral part of these financial statements.

Strive 500 ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Retail REITs - 0.2%
	4,221	Realty Income Corp.	$	257,354
	2,064	Simon Property Group, Inc.		257,174
				514,528
Self-Storage REITs - 0.2%
	860	Extra Space Storage, Inc.		120,030
	968	Public Storage		272,734
				392,764
Single-Family Residential REITs - 0.1%
	3,956	Invitation Homes, Inc.		140,438
	714	Sun Communities, Inc.		93,034
				233,472
Telecom Tower REITs - 0.4%
	3,016	American Tower Corp.		573,975
	2,752	Crown Castle, Inc.		298,014
	688	SBA Communications Corp.		150,638
				1,022,627
Timber REITs - 0.1%
	4,816	Weyerhaeuser Co.		164,033
		TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $5,333,428)		5,374,507

INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.0% (c)
	7,301	First American Government Obligations Fund - Class X, 5.14% (e)		7,301
		TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $7,301)		7,301

MONEY MARKET FUNDS - 0.3%
	821,711	First American Government Obligations Fund - Class X, 5.14% (e)		821,711
		TOTAL MONEY MARKET FUNDS (Cost $821,711)		821,711

		TOTAL INVESTMENTS (Cost $221,588,951) - 99.9%	$	251,680,035
		Other Assets in Excess of Liabilities - 0.1%		188,478
		TOTAL NET ASSETS - 100.0%	$	251,868,513

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

	(a)	Non-income producing security.
	(b)	Foreign issued security.
	(c)	Represents less than 0.05% of net assets.
	(d)	This security or a portion of this security was out on loan as of July 31, 2023. Total loaned securities had a market value of $7,094 as of July 31, 2023.
	(e)	Rate shown is the 7-day effective yield.

The Global Industry Classification Standard (GICS^®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor 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.

Strive U.S. Semiconductor ETF

Schedule of Investments

July 31, 2023

Shares			Value
COMMON STOCKS - 99.8%
Electronic Manufacturing Services - 4.2%
	10,614	TE Connectivity Ltd. ADR (a)	$	1,523,003

Semiconductor Materials & Equipment - 19.4%
	11,457	Applied Materials, Inc.		1,736,767
	1,105	Axcelis Technologies, Inc. (b)		221,530
	4,529	Enphase Energy, Inc. (b)		687,638
	5,100	Entegris, Inc.		559,521
	3,526	KLA Corp.		1,812,188
	2,625	Lam Research Corp.		1,886,036
	1,967	MKS Instruments, Inc.		214,737
				7,118,417
Semiconductors - 76.2%
	23,649	Advanced Micro Devices, Inc. (b)		2,705,446
	7,039	Analog Devices, Inc.		1,404,492
	3,564	Broadcom, Inc.		3,202,789
	1,874	Cirrus Logic, Inc. (b)		151,419
	3,420	First Solar, Inc. (b)		709,308
	2,578	GlobalFoundries, Inc. ADR (a)(b)		164,193
	41,252	Intel Corp.		1,475,584
	4,649	Lattice Semiconductor Corp. (b)		422,780
	29,317	Marvell Technology, Inc.		1,909,416
	16,558	Microchip Technology, Inc.		1,555,458
	20,980	Micron Technology, Inc.		1,497,762
	1,529	Monolithic Power Systems, Inc.		855,460
	8,172	NVIDIA Corp.		3,818,694
	14,770	ON Semiconductor Corp. (b)		1,591,467
	1,909	Power Integrations, Inc.		185,440
	3,414	Qorvo, Inc. (b)		375,608
	18,004	Qualcomm, Inc.		2,379,589
	3,660	Rambus, Inc. (b)		229,153
	1,055	Silicon Laboratories, Inc. (b)		157,343
	5,438	Skyworks Solutions, Inc.		621,944
	12,356	Texas Instruments, Inc.		2,224,080
	4,234	Wolfspeed, Inc. (b)		279,021
				27,916,446
		TOTAL COMMON STOCKS (Cost $27,868,841)		36,557,866

MONEY MARKET FUNDS - 0.2%
	61,338	First American Government Obligations Fund - Class X, 5.14% (c)		61,338
		TOTAL MONEY MARKET FUNDS (Cost $61,338)		61,338

		TOTAL INVESTMENTS (Cost $27,930,179) - 100.0%	$	36,619,204
		Other Assets in Excess of Liabilities - 0.0% (d)		7,202
		TOTAL NET ASSETS - 100.0%	$	36,626,406

The accompanying notes are an integral part of these financial statements.

Strive U.S. Semiconductor ETF

Schedule of Investments (Continued)

July 31, 2023

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

	(a)	Foreign issued security.
	(b)	Non-income producing security.
	(c)	Rate shown is the 7-day effective yield.
	(d)	Represents less than 0.05% of net assets.

The Global Industry Classification Standard (GICS^®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor 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.

Strive Emerging Markets Ex-China ETF

Schedule of Investments

July 31, 2023

Shares			Value
COMMON STOCKS - 96.3%
Bermuda - 0.1%
	1,242	Credicorp Ltd. ADR	$	195,056

Brazil - 5.8%
	135,185	Ambev S.A.		423,386
	11,581	Atacadao S.A.		33,086
	172,456	B3 S.A. - Brasil Bolsa Balcao		544,127
	36,969	Banco Bradesco S.A.		116,096
	58,148	Banco BTG Pactual S.A.		417,350
	43,870	Banco do Brasil S.A.		447,444
	115,266	Banco Santander Brasil S.A.		700,067
	16,457	BB Seguridade Participacoes S.A.		108,373
	11,323	Caixa Seguridade Participacoes S.A.		25,813
	27,319	CCR S.A.		76,664
	14,875	Centrais Eletricas Brasileiras S.A.		121,485
	8,320	Cia de Saneamento Basico do Estado de Sao Paulo SABESP		101,643
	6,099	Cia Energetica de Minas Gerais		23,848
	4,126	Cia Paranaense de Energia		7,146
	12,988	Cia Siderurgica Nacional S.A.		37,931
	29,176	Cosan S.A.		122,658
	4,107	CPFL Energia S.A.		31,223
	9,948	Energisa S.A		105,544
	3,802	Engie Brasil Energia S.A.		35,433
	27,173	Equatorial Energia S.A.		193,479
	120,719	Hapvida Participacoes e Investimentos S.A. (a)(b)		123,304
	9,821	Hypera S.A.		89,658
	9,851	Itau Unibanco Holding S.A.		51,601
	18,279	Itausa S.A.		38,423
	17,140	JBS S.A.		68,034
	27,432	Klabin S.A.		133,310
	25,393	Localiza Rent a Car S.A.		360,697
	23,116	Lojas Renner S.A.		91,511
	62,714	Magazine Luiza S.A. (a)		44,429
	26,193	Natura & Co. Holding S.A. (a)		100,812
	4,305	Neoenergia S.A.		17,716
	116,752	Petroleo Brasileiro S.A.		859,453
	19,699	PRIO Brasil S.A.(a)		190,293
	29,144	Raia Drogasil S.A.		179,347
	29,928	Rede D’Or Sao Luiz S.A. (b)		227,652
	29,737	Rumo S.A.		146,209
	27,920	Sendas Distribuidora S.A.		80,181
	23,920	Suzano S.A.		243,209
	9,911	Telefonica Brasil S.A.		88,636
	17,692	TIM Brasil S.A.		53,464
	108,000	Vale S.A.		1,583,886
	27,435	Vibra Energia S.A.		99,152
	46,386	WEG S.A.		391,688
				8,935,461

The accompanying notes are an integral part of these financial statements.

Strive Emerging Markets Ex-China ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Cayman Islands - 0.2%
	43,967	Chailease Holding Co., Ltd.	$	291,001
	15,348	Zhen Ding Technology Holding Ltd.		51,280
				342,281
Chile - 0.5%
	3,032	AntarChile S.A.		27,105
	1,599,427	Banco de Chile		178,065
	2,121	Banco de Credito e Inversiones S.A.		63,710
	1,707,853	Banco Santander Chile		91,180
	35,511	Cencosud S.A.		76,318
	411,034	Cia Sud Americana de Vapores S.A.		31,111
	29,298	Empresas CMPC S.A.		57,832
	15,057	Empresas Copec S.A.		115,492
	544,169	Enel Americas S.A. (a)		73,555
	22,617	Falabella S.A.		62,545
	11,147	Quinenco S.A.		38,798
				815,711
Colombia - 0.1%
	1,555	Banco de Bogota S.A.		12,120
	4,741	Bancolombia S.A.		40,627
	99,675	Ecopetrol S.A.		58,392
	4,412	Grupo de Inversiones Suramericana S.A.		42,387
	55,944	Grupo Energia Bogota S.A. ESP		25,183
	8,888	Interconexion Electrica S.A. ESP		38,943
				217,652
Czech Republic - 0.2%
	3,922	CEZ AS		173,562
	1,817	Komercni Banka AS		59,585
	11,101	Moneta Money Bank AS (b)		43,684
				276,831
Greece - 0.2%
	60,500	Eurobank Ergasias Services and Holdings S.A. - Class A (a)		105,601
	4,048	Hellenic Telecommunications Organization S.A.		63,869
	13,360	National Bank of Greece S.A. (a)		91,956
	4,466	OPAP S.A.		78,615
				340,041
Hungary - 0.3%
	11,788	MOL Hungarian Oil & Gas PLC		93,092
	5,391	OTP Bank Nyrt		196,176
	3,397	Richter Gedeon Nyrt		85,691
				374,959
India - 22.1%
	1,300	ABB India Ltd.		71,960
	1,768	ACC Ltd.		43,376
	9,728	Adani Enterprises Ltd.		294,766
	15,381	Adani Green Energy Ltd. (a)		204,454
	18,185	Adani Ports & Special Economic Zone Ltd.		171,981

The accompanying notes are an integral part of these financial statements.

Strive Emerging Markets Ex-China ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	39,641	Adani Power Ltd. (a)	$	131,721
	4,652	Adani Total Gas Ltd.		37,539
	6,030	Adani Transmission Ltd. (a)		60,169
	3,372	Adani Wilmar Ltd. (a)		16,887
	660	Alkem Laboratories Ltd.		31,927
	14,332	Ambuja Cements Ltd.		80,679
	3,060	Apollo Hospitals Enterprise Ltd.		192,474
	46,108	Ashok Leyland Ltd.		103,149
	14,046	Asian Paints Ltd.		576,766
	2,759	Astral Ltd.		66,061
	8,707	AU Small Finance Bank Ltd. (b)		77,263
	5,672	Avenue Supermarts Ltd. (a)(b)		258,799
	80,565	Axis Bank Ltd.		934,372
	2,555	Bajaj Auto Ltd.		153,191
	7,708	Bajaj Finance Ltd.		684,153
	12,757	Bajaj Finserv Ltd.		247,901
	942	Bajaj Holdings & Investment Ltd.		86,396
	1,666	Balkrishna Industries Ltd.		51,497
	20,291	Bandhan Bank Ltd. (b)		55,113
	40,562	Bank of Baroda		99,717
	6,910	Berger Paints India Ltd.		57,331
	87,623	Bharat Electronics Ltd.		139,240
	6,263	Bharat Forge Ltd.		70,927
	19,383	Bharat Petroleum Corp. Ltd.		88,963
	65,156	Bharti Airtel Ltd.		704,963
	7,769	Biocon Ltd.		24,285
	145	Bosch Ltd.		33,444
	2,451	Britannia Industries Ltd.		142,859
	10,440	Canara Bank		43,709
	14,161	CG Power & Industrial Solutions Ltd.		69,222
	10,585	Cholamandalam Investment and Finance Co., Ltd.		145,696
	10,822	Cipla Ltddia		154,602
	34,567	Coal India Ltd.		96,348
	2,919	Colgate-Palmolive India Ltd.		71,668
	5,556	Container Corp. Of India Ltd.		46,928
	15,406	Dabur India Ltd.		107,816
	1,977	Dalmia Bharat Ltd.		46,963
	2,661	Divi’s Laboratories Ltd.		119,198
	15,195	DLF Ltd.		95,836
	2,493	Dr Reddy’s Laboratories Ltd.		170,965
	3,118	Eicher Motors Ltd. (a)		127,584
	24,323	FSN E-Commerce Ventures Ltd. (a)		42,555
	49,624	GAIL India Ltd.		71,858
	8,936	Godrej Consumer Products Ltd. (a)		112,552
	2,344	Godrej Properties Ltd. (a)		49,602
	7,707	Grasim Industries Ltd.		173,300
	3,750	Gujarat Gas Ltd.		22,008
	5,194	Havells India Ltd.		84,245

The accompanying notes are an integral part of these financial statements.

Strive Emerging Markets Ex-China ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	29,544	HCL Technologies Ltd.	$	401,122
	1,277	HDFC Asset Management Co., Ltd. (b)		39,343
	212,743	HDFC Bank Ltd.		4,270,961
	22,818	HDFC Life Insurance Co., Ltd. (b)		179,453
	2,319	Hero MotoCorp Ltd.		90,328
	28,671	Hindalco Industries Ltd.		161,257
	2,039	Hindustan Aeronautics Ltd.		98,208
	12,276	Hindustan Petroleum Corp. Ltd.		42,149
	24,358	Hindustan Unilever Ltd.		758,382
	45	Honeywell Automation India Ltd.		23,522
	198,631	ICICI Bank Ltd.		2,410,898
	5,403	ICICI Lombard General Insurance Co., Ltd. (b)		91,015
	9,393	ICICI Prudential Life Insurance Co., Ltd. (b)		66,180
	63,193	Indian Oil Corp. Ltd.		72,030
	5,924	Indian Railway Catering & Tourism Corp. Ltd.		46,143
	38,332	Indian Railway Finance Corp. Ltd. (b)		17,803
	19,865	Indus Towers Ltd. (a)		41,542
	14,466	IndusInd Bank Ltd.		249,355
	1,820	Info Edge India Ltd.		101,503
	96,100	Infosys Ltd.		1,584,009
	3,016	InterGlobe Aviation Ltd. (a)(b)		95,080
	204,287	ITC Ltd.		1,156,692
	9,751	Jindal Steel & Power Ltd.		79,284
	91,036	Jio Financial Services Ltd. (a)(c)		275,658
	12,500	JSW Energy Ltd.		43,876
	20,368	JSW Steel Ltd.		202,259
	8,036	Jubilant Foodworks Ltd.		46,751
	38,219	Kotak Mahindra Bank Ltd.		862,694
	506	L&T Technology Services Ltd. (b)		24,831
	29,449	Larsen & Toubro Ltd.		960,052
	4,799	Life Insurance Corp. of India		37,339
	2,242	LTIMindtree Ltd. (b)		133,340
	4,784	Lupin Ltd.		57,319
	4,372	Macrotech Developers Ltd. (b)		40,364
	26,792	Mahindra & Mahindra Ltd.		480,537
	11,270	Marico Ltd.		76,808
	3,801	Maruti Suzuki India Ltd.		453,851
	7,045	Max Financial Services Ltd. (a)		69,787
	1,650	Mphasis Ltd.		46,039
	72	MRF Ltd.		90,127
	2,291	Muthoot Finance Ltd.		37,615
	825	Nestle India Ltd.		226,222
	59,206	NHPC Ltd.		37,072
	15,792	NMDC Ltd.		22,512
	102,223	NTPC Ltd.		271,377
	64,532	Oil & Natural Gas Corp. Ltd.		138,913
	3,501	One 97 Communications Ltd. (a)		34,070
	113	Page Industries Ltd.		51,940

The accompanying notes are an integral part of these financial statements.

Strive Emerging Markets Ex-China ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	1,611	Patanjali Foods Ltd.	$	26,070
	14,969	Petronet LNG Ltd.		42,505
	1,812	PI Industries Ltd.		79,657
	2,947	Pidilite Industries Ltd.		93,695
	25,723	Power Finance Corp. Ltd.		81,752
	73,684	Power Grid Corp. of India Ltd.		238,346
	180	Procter & Gamble Hygiene & Health Care Ltd.		34,498
	43,863	Punjab National Bank		32,984
	26,262	REC Ltd.		64,802
	91,036	Reliance Industries Ltd.		2,821,605
	50,325	Samvardhana Motherson International Ltd.		60,146
	6,270	SBI Cards & Payment Services Ltd.		65,205
	9,633	SBI Life Insurance Co., Ltd. (b)		150,166
	653	Shree Cement Ltd.		191,405
	3,235	Shriram Finance Ltd.		74,461
	1,954	Siemens Ltd.		94,625
	3,339	SRF Ltd.		88,116
	93,499	State Bank of India		705,033
	25,999	Steel Authority of India Ltd.		29,903
	30,102	Sun Pharmaceutical Industries Ltd.		418,470
	2,109	Tata Communications Ltd.		46,056
	26,670	Tata Consultancy Services Ltd.		1,109,440
	12,882	Tata Consumer Products Ltd.		134,586
	857	Tata Elxsi Ltd.		74,598
	36,502	Tata Motors Ltd.		285,940
	9,292	Tata Motors Ltd.		46,805
	34,980	Tata Power Co., Ltd.		100,667
	173,635	Tata Steel Ltd.		259,981
	13,077	Tech Mahindra Ltd.		177,357
	11,233	Titan Co., Ltd.		410,274
	2,093	Torrent Pharmaceuticals Ltd.		50,967
	4,512	Trent Ltd.		96,391
	2,058	Tube Investments of India Ltd.		77,047
	5,222	TVS Motor Co., Ltd.		87,407
	2,699	UltraTech Cement Ltd.		272,961
	16,143	Union Bank of India Ltd. (a)		17,468
	1,482	United Breweries Ltd.		27,753
	6,767	United Spirits Ltd. (a)		83,579
	11,142	UPL Ltd.		84,626
	9,929	Varun Beverages Ltd.		97,106
	20,846	Vedanta Ltd.		69,952
	30,387	Wipro Ltd.		149,647
	413,310	Yes Bank Ltd. (a)		85,176
	121,370	Zomato Ltd. (a)		124,102
	3,889	Zydus Lifesciences Ltd.		29,895
				34,037,815

The accompanying notes are an integral part of these financial statements.

Strive Emerging Markets Ex-China ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Indonesia - 2.7%
	307,598	Adaro Energy Indonesia Tbk PT	$	49,159
	203,494	Adaro Minerals Indonesia Tbk PT (a)		12,482
	184,783	Aneka Tambang Tbk		24,323
	607,277	Astra International Tbk PT		275,852
	343,779	Avia Avian Tbk PT		14,134
	1,662,282	Bank Central Asia Tbk PT		1,005,857
	139,089	Bank Jago Tbk PT (a)		26,840
	1,166,049	Bank Mandiri Persero Tbk PT		442,681
	110,295	Bank Mega Tbk PT		39,130
	190,487	Bank Negara Indonesia Persero Tbk PT		112,107
	2,264,084	Bank Rakyat Indonesia Persero Tbk PT		848,281
	399,976	Bank Syariah Indonesia Tbk PT		43,897
	572,029	Barito Pacific Tbk PT		29,398
	19,283	Bayan Resources Tbk PT		25,382
	500,196	Chandra Asri Petrochemical Tbk PT		70,319
	183,796	Charoen Pokphand Indonesia Tbk PT (a)		63,073
	411,191	Dayamitra Telekomunikasi PT		17,860
	493,077	Elang Mahkota Teknologi Tbk PT		21,253
	17,683,076	GoTo Gojek Tokopedia Tbk PT (a)		132,506
	10,067	Gudang Garam Tbk PT		18,642
	56,267	Indah Kiat Pulp & Paper Tbk PT		34,141
	49,949	Indofood CBP Sukses Makmur Tbk PT		37,097
	110,455	Indofood Sukses Makmur Tbk PT		53,653
	506,873	Kalbe Farma Tbk PT		64,367
	314,011	Merdeka Copper Gold Tbk PT (a)		73,089
	35,901	MNC Digital Entertainment Tbk PT (a)		8,999
	421,688	Sarana Menara Nusantara Tbk PT		28,383
	73,056	Semen Indonesia Persero Tbk PT		33,791
	464,588	Sumber Alfaria Trijaya Tbk PT		83,182
	1,510,033	Telkom Indonesia Persero Tbk PT		372,502
	102,780	Tower Bersama Infrastructure Tbk PT		13,154
	125,935	Unilever Indonesia Tbk PT		32,152
	33,237	United Tractors Tbk PT		60,666
	101,764	Vale Indonesia Tbk PT		46,394
				4,214,746
Kuwait - 1.1%
	34,018	Agility Public Warehousing Co. KSC (a)		69,763
	38,980	Boubyan Bank KSCP		78,671
	35,048	Commercial Bank of Kuwait KPSC		66,171
	250,944	Kuwait Finance House KSCP		644,514
	46,165	Mobile Telecommunications Co. KSCP		78,294
	213,709	National Bank of Kuwait SAKP		669,232
				1,606,645
Luxembourg - 0.1%
	10,292	Allegro.eu S.A. (a)(b)		90,750

The accompanying notes are an integral part of these financial statements.

Strive Emerging Markets Ex-China ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Malaysia - 1.2%
	30,245	AMMB Holdings Bhd	$	25,892
	53,242	Axiata Group Bhd		31,527
	33,372	CELCOMDIGI BHD		32,713
	146,847	CIMB Group Holdings Bhd		180,750
	37,806	Dialog Group Bhd		19,285
	45,096	Genting Bhd		43,106
	60,570	Genting Malaysia Bhd		34,926
	22,525	Hong Leong Bank Bhd		97,813
	3,968	Hong Leong Financial Group Bhd		16,104
	26,314	IHH Healthcare Bhd		34,724
	30,346	IOI Corp. Bhd		28,065
	7,755	Kuala Lumpur Kepong Bhd		40,108
	135,439	Malayan Banking Bhd		270,938
	20,033	Maxis Bhd		17,949
	19,057	MISC Bhd		30,388
	46,560	MR DIY Group M Bhd (b)		15,179
	823	Nestle Malaysia Bhd		24,440
	30,574	Petronas Chemicals Group Bhd		47,126
	2,673	Petronas Dagangan Bhd		13,611
	6,348	Petronas Gas Bhd		24,046
	10,405	PPB Group Bhd		38,537
	112,689	Press Metal Aluminium Holdings Bhd		125,960
	343,471	Public Bank Bhd		317,648
	12,025	QL Resources Bhd		14,615
	31,847	RHB Bank Bhd		40,188
	44,973	Sime Darby Bhd		21,743
	34,533	Sime Darby Plantation Bhd		34,847
	27,532	Telekom Malaysia Bhd		31,080
	58,778	Tenaga Nasional Bhd		125,143
	8,859	Westports Holdings Bhd		6,877
				1,785,328
Mexico - 4.2%
	118,104	Alfa S.A.B. de C.V. - Class A		72,717
	904,522	America Movil S.A.B. de C.V. (a)		948,546
	10,322	Arca Continental S.A.B. de C.V.		103,565
	10,148	Becle S.A.B. de C.V.		26,532
	438,652	Cemex S.A.B. de C.V. (a)		334,261
	12,277	Coca-Cola Femsa S.A.B. de C.V.		103,444
	4,261	El Puerto de Liverpool S.A.B. de C.V.		26,660
	65,641	Fomento Economico Mexicano S.A.B. de C.V.		743,709
	17,705	GMexico Transportes S.A.B. de C.V. - Class C (b)		42,293
	4,416	Gruma S.A.B. de C.V. - Class B		78,879
	9,224	Grupo Aeroportuario del Pacifico S.A.B. de C.V. - Class B		175,501
	4,433	Grupo Aeroportuario del Sureste S.A.B. de C.V. - Class B		125,771
	31,552	Grupo Bimbo S.A.B. de C.V. - Class A		163,987
	67,841	Grupo Carso S.A.B. de C.V.		539,608
	1,172	Grupo Elektra S.A.B. de C.V. (a)		88,251

The accompanying notes are an integral part of these financial statements.

Strive Emerging Markets Ex-China ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	87,186	Grupo Financiero Banorte S.A.B. de C.V.	$	826,718
	40,189	Grupo Financiero Inbursa S.A.B. de C.V. (a)		97,874
	190,596	Grupo Mexico S.A.B. de C.V. - Class B		991,509
	2,393	Grupo Simec S.A.B. de C.V. - Class B (a)		28,589
	69,179	Grupo Televisa SAB		73,290
	2,949	Industrias CH S.A.B. de C.V. - Class B (a)		35,066
	2,675	Industrias Penoles S.A.B. de C.V.		38,305
	39,161	Kimberly-Clark de Mexico S.A.B. de C.V. - Class A		92,354
	20,213	Orbia Advance Corp. S.A.B. de C.V.		45,906
	5,304	Promotora y Operadora de Infraestructura S.A.B. de C.V.		55,172
	155,912	Wal-Mart de Mexico S.A.B. de C.V.		649,439
				6,507,946
Panama - 0.0% (d)
	928	InRetail Peru Corp. ADR (a)(b)		31,181
	726	Intercorp Financial Services, Inc. ADR		17,816
				48,997
Peru - 0.0% (d)
	20,585	Minsur S.A.		22,733

Philippines - 1.1%
	57,984	Aboitiz Equity Ventures, Inc.		56,796
	32,271	Aboitiz Power Corp.		21,181
	173,520	ACEN Corp.		16,491
	7,834	Ayala Corp.		87,718
	233,808	Ayala Land, Inc.		116,638
	70,180	Bank of the Philippine Islands		146,302
	85,476	BDO Unibank, Inc.		225,809
	68,773	Emperador, Inc.		26,232
	695	Globe Telecom, Inc.		24,295
	1,525	Golden MV Holdings, Inc. (a)		23,600
	25,542	International Container Terminal Services, Inc.		100,912
	72,504	JG Summit Holdings, Inc.		56,828
	11,384	Jollibee Foods Corp.		52,852
	5,445	Manila Electric Co.		35,292
	47,171	Metropolitan Bank & Trust Co.		51,530
	157,223	Monde Nissin Corp. (b)		23,444
	1,979	PLDT, Inc.		47,201
	10,585	San Miguel Corp.		20,987
	19,024	SM Investments Corp.		315,883
	351,905	SM Prime Holdings, Inc.		213,994
	20,930	Universal Robina Corp.		46,719
				1,710,704
Poland - 1.1%
	4,326	Bank Polska Kasa Opieki S.A.		127,761
	5,411	Cyfrowy Polsat S.A.		21,816
	1,174	Dino Polska S.A. (a)(b)		130,804
	698	ING Bank Slaski S.A. (a)		34,816
	3,346	KGHM Polska Miedz S.A.		103,621

The accompanying notes are an integral part of these financial statements.

Strive Emerging Markets Ex-China ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	17	LPP S.A.	$	58,567
	32,568	ORLEN S.A.		581,251
	25,135	PGE Polska Grupa Energetyczna S.A. (a)		53,475
	30,721	Powszechna Kasa Oszczednosci Bank Polski S.A. (a)		311,838
	13,939	Powszechny Zaklad Ubezpieczen S.A.		141,038
	817	Santander Bank Polska S.A. (a)		81,054
				1,646,041
Qatar - 1.3%
	99,095	Commercial Bank PSQC		170,149
	47,878	Industries Qatar Q.S.C.		175,333
	163,698	Masraf Al Rayan Q.S.C.		112,880
	106,394	Mesaieed Petrochemical Holding Co.		56,997
	24,391	Ooredoo Q.P.S.C.		76,590
	8,623	Qatar Electricity & Water Co. Q.S.C.		42,997
	19,475	Qatar Fuel Q.S.C.		89,885
	82,953	Qatar Gas Transport Co., Ltd.		96,057
	34,825	Qatar International Islamic Bank Q.S.C.		99,309
	70,977	Qatar Islamic Bank S.A.Q.		412,408
	142,692	Qatar National Bank Q.P.S.C.		665,635
				1,998,240
Republic of Korea - 13.8%
	629	Amorepacific Corp.		55,614
	667	AMOREPACIFIC Group		14,338
	2,221	Celltrion Healthcare Co., Ltd.		114,652
	2,748	Celltrion, Inc.		316,053
	150	CJ CheilJedang Corp.		32,950
	1,208	Coway Co., Ltd.		38,856
	948	DB Insurance Co., Ltd.		56,152
	9,706	Doosan Enerbility Co., Ltd. (a)		133,180
	1,153	Ecopro BM Co., Ltd.		379,011
	315	F&F Co., Ltd.		25,578
	1,693	GS Holdings Corp.		50,073
	7,703	Hana Financial Group, Inc.		237,499
	1,612	Hankook Tire & Technology Co., Ltd.		48,942
	2,789	Hanon Systems		18,664
	2,056	Hanwha Solutions Corp. (a)		61,052
	827	HD Hyundai Co., Ltd.		39,966
	224	HD Hyundai Heavy Industries Co., Ltd. (a)		24,550
	943	HD Korea Shipbuilding & Offshore Engineering Co., Ltd. (a)		91,219
	2,761	HLB, Inc. (a)		71,156
	5,993	HMM Co., Ltd.		82,232
	321	HYBE Co., Ltd. (a)		66,106
	1,546	Hyundai Engineering & Construction Co., Ltd.		45,362
	364	Hyundai Glovis Co., Ltd.		49,775
	1,630	Hyundai Mobis Co., Ltd.		297,956
	3,581	Hyundai Motor Co.		550,642
	1,841	Hyundai Steel Co.		52,212
	5,272	Industrial Bank of Korea		42,973

The accompanying notes are an integral part of these financial statements.

Strive Emerging Markets Ex-China ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	8,136	Kakao Corp.	$	327,444
	814	Kakao Games Corp. (a)		20,116
	3,836	KakaoBank Corp.		78,246
	441	Kakaopay Corp. (a)		17,368
	2,392	Kangwon Land, Inc.		29,275
	9,152	KB Financial Group, Inc.		366,181
	6,623	Kia Corp.		429,704
	1,474	Korea Aerospace Industries Ltd.		56,895
	6,646	Korea Electric Power Corp. (a)		100,161
	737	Korea Investment Holdings Co., Ltd.		28,245
	207	Korea Zinc Co., Ltd.		80,224
	5,305	Korean Air Lines Co., Ltd.		102,383
	630	Krafton, Inc. (a)		84,913
	4,753	KT Corp.		110,002
	2,869	KT&G Corp.		185,917
	310	Kumho Petrochemical Co., Ltd.		29,209
	571	L&F Co., Ltd.		115,351
	1,258	LG Chem Ltd.		639,536
	3,036	LG Corp.		198,883
	5,065	LG Display Co., Ltd. (a)		53,604
	2,862	LG Electronics, Inc.		243,393
	303	LG Energy Solution Ltd. (a)		133,119
	202	LG H&H Co., Ltd.		67,827
	291	LG Innotek Co., Ltd.		60,271
	5,713	LG Uplus Corp.		44,865
	523	Lotte Chemical Corp.		61,792
	2,373	Meritz Financial Group, Inc.		91,595
	4,226	Mirae Asset Securities Co., Ltd.		22,976
	3,859	NAVER Corp.		687,242
	303	NCSoft Corp.		65,727
	356	Netmarble Corp. (a)(b)		13,741
	405	Orion Corp.		36,063
	633	POSCO Future M Co., Ltd.		261,712
	1,837	POSCO Holdings, Inc.		925,238
	526	Samsung Biologics Co., Ltd. (a)(b)		316,099
	2,159	Samsung C&T Corp.		174,969
	489	Samsung Card Co., Ltd.		10,934
	1,187	Samsung Electro-Mechanics Co., Ltd.		135,402
	145,982	Samsung Electronics Co., Ltd.		7,993,993
	3,173	Samsung Engineering Co., Ltd. (a)		92,105
	697	Samsung Fire & Marine Insurance Co., Ltd.		133,423
	15,791	Samsung Heavy Industries Co., Ltd. (a)		111,868
	1,625	Samsung Life Insurance Co., Ltd.		88,985
	1,395	Samsung SDI Co., Ltd.		727,788
	743	Samsung SDS Co., Ltd.		74,787
	13,165	Shinhan Financial Group Co., Ltd.		362,008
	490	SK Biopharmaceuticals Co., Ltd. (a)		31,292
	378	SK Bioscience Co., Ltd. (a)		21,737

The accompanying notes are an integral part of these financial statements.

Strive Emerging Markets Ex-China ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	14,566	SK Hynix, Inc.	$	1,410,147
	386	SK IE Technology Co., Ltd. (a)(b)		32,493
	738	SK, Inc.		88,469
	1,019	SK Innovation Co., Ltd. (a)		172,678
	2,176	SK Square Co., Ltd. (a)		75,797
	3,361	SK Telecom Co., Ltd.		121,557
	348	SKC Co., Ltd.		27,083
	816	S-Oil Corp.		47,949
	13,279	Woori Financial Group, Inc.		121,367
	1,122	Yuhan Corp.		64,258
				21,203,169
Saudi Arabia - 10.1%
	3,307	ACWA Power Co.		162,547
	118,275	Al Rajhi Bank		2,351,881
	54,337	Alinma Bank		535,896
	6,107	Almarai Co. JSC		112,158
	18,642	Arab National Bank		132,426
	596	Arabian Internet & Communications Services Co.		57,986
	13,285	Bank AlBilad		154,926
	18,231	Bank Al-Jazira (a)		89,318
	22,128	Banque Saudi Fransi		251,267
	1,836	Bupa Arabia for Cooperative Insurance Co.		84,469
	2,103	Dr Sulaiman Al Habib Medical Services Group Co.		162,002
	656	Elm Co.		118,939
	13,768	Etihad Etisalat Co.		171,935
	21,639	Jarir Marketing Co.		89,403
	17,392	Kingdom Holding Co.		35,743
	1,180	Mouwasat Medical Services Co.		78,948
	832	Nahdi Medical Co.		38,544
	8,908	Rabigh Refining & Petrochemical Co. (a)		24,694
	53,521	Riyad Bank		453,665
	5,901	SABIC Agri-Nutrients Co.		226,816
	16,209	Sahara International Petrochemical Co.		163,317
	36,625	Saudi Arabian Mining Co. (a)		433,455
	717,984	Saudi Arabian Oil Co. (b)		6,200,736
	24,861	Saudi Awwal Bank		252,480
	27,175	Saudi Basic Industries Corp.		620,774
	19,423	Saudi Electricity Co.		116,178
	15,265	Saudi Industrial Investment Group		101,642
	17,299	Saudi Investment Bank		82,539
	24,223	Saudi Kayan Petrochemical Co. (a)		79,159
	113,792	Saudi National Bank		1,169,283
	686	Saudi Research & Media Group (a)		34,231
	1,192	Saudi Tadawul Group Holding Co.		63,991
	54,422	Saudi Telecom Co.		615,069
	10,235	Savola Group		115,402
	6,847	Yanbu National Petrochemical Co.		83,589
				15,465,408

The accompanying notes are an integral part of these financial statements.

Strive Emerging Markets Ex-China ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
South Africa - 3.3%
	22,791	Absa Group Ltd.	$	241,435
	1,741	African Rainbow Minerals Ltd.		19,543
	1,023	Anglo American Platinum Ltd.		50,934
	11,442	AngloGold Ashanti Ltd.		252,465
	6,653	Aspen Pharmacare Holdings Ltd.		71,349
	6,184	Bid Corp. Ltd.		146,476
	6,479	Bidvest Group Ltd.		100,534
	1,950	Capitec Bank Holdings Ltd.		195,549
	4,606	Clicks Group Ltd.		72,249
	8,771	Discovery Ltd. (a)		77,485
	7,079	Exxaro Resources Ltd.		64,133
	117,564	FirstRand Ltd.		478,506
	24,245	Gold Fields Ltd.		372,695
	21,748	Impala Platinum Holdings Ltd.		156,874
	3,924	Investec Ltd.		24,494
	1,004	Kumba Iron Ore Ltd.		27,430
	43,329	MTN Group Ltd.		339,315
	4,742	MultiChoice Group		23,469
	4,057	Naspers Ltd.		797,190
	12,557	Nedbank Group Ltd.		165,004
	7,794	Northam Platinum Holdings Ltd. (a)		65,852
	120,627	Old Mutual Ltd.		87,753
	12,795	OUTsurance Group Ltd.		27,667
	45,687	Pepkor Holdings Ltd. (b)		44,400
	8,967	Remgro Ltd.		80,616
	41,044	Sanlam Ltd.		150,945
	13,248	Sasol Ltd.		184,070
	10,368	Shoprite Holdings Ltd.		149,806
	39,381	Sibanye Stillwater Ltd.		74,474
	33,216	Standard Bank Group Ltd.		354,750
	6,893	Vodacom Group Ltd.		45,470
	15,205	Woolworths Holdings, Ltd.		68,017
				5,010,949
Taiwan - 18.5%
	11,630	Accton Technology Corp.		141,367
	10,736	Advantech Co., Ltd.		133,746
	108,393	ASE Technology Holding Co., Ltd.		394,921
	55,065	Asia Cement Corp.		70,613
	15,648	Asustek Computer, Inc.		181,244
	145,106	AUO Corp.		95,578
	15,680	Catcher Technology Co., Ltd.		86,566
	270,877	Cathay Financial Holding Co., Ltd.		394,337
	148,158	Chang Hwa Commercial Bank Ltd.		88,867
	44,368	Cheng Shin Rubber Industry Co., Ltd.		54,284
	83,652	China Airlines Ltd.		66,413
	470,637	China Development Financial Holding Corp. (a)		187,946
	343,017	China Steel Corp.		305,071

The accompanying notes are an integral part of these financial statements.

Strive Emerging Markets Ex-China ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	122,723	Chunghwa Telecom Co., Ltd.	$	452,989
	102,067	Compal Electronics, Inc.		98,896
	519,622	CTBC Financial Holding Co., Ltd.		434,031
	54,603	Delta Electronics, Inc.		635,050
	18,569	E Ink Holdings, Inc.		132,946
	393,142	E.Sun Financial Holding Co., Ltd.		323,380
	4,214	Eclat Textile Co., Ltd.		72,677
	1,615	eMemory Technology, Inc.		95,328
	69,604	Eva Airways Corp.		81,395
	44,920	Evergreen Marine Corp. Taiwan Ltd.		148,654
	68,775	Far Eastern New Century Corp.		64,997
	45,998	Far EasTone Telecommunications Co., Ltd.		103,921
	10,579	Feng TAY Enterprise Co., Ltd.		71,365
	310,935	First Financial Holding Co., Ltd.		287,422
	96,409	Formosa Chemicals & Fibre Corp.		200,632
	28,484	Formosa Petrochemical Corp.		72,691
	138,113	Formosa Plastics Corp.		365,647
	209,073	Fubon Financial Holding Co., Ltd.		435,756
	7,138	Giant Manufacturing Co., Ltd.		52,695
	4,918	Globalwafers Co., Ltd.		80,437
	341,095	Hon Hai Precision Industry Co., Ltd.		1,177,631
	6,513	Hotai Motor Co., Ltd.		157,092
	290,390	Hua Nan Financial Holdings Co., Ltd. - Class C		205,596
	214,649	Innolux Corp.		113,723
	62,117	Inventec Corp.		125,908
	2,259	Largan Precision Co., Ltd.		156,343
	51,969	Lite-On Technology Corp.		248,877
	41,324	MediaTek, Inc.		907,309
	309,591	Mega Financial Holding Co., Ltd.		396,514
	16,418	Micro-Star International Co., Ltd.		101,612
	1,084	momo.com, Inc.		20,661
	142,108	Nan Ya Plastics Corp.		316,534
	3,709	Nan Ya Printed Circuit Board Corp.		29,269
	27,472	Nanya Technology Corp.		63,202
	3,701	Nien Made Enterprise Co., Ltd.		38,274
	13,599	Novatek Microelectronics Corp.		183,475
	41,922	Pegatron Corp.		101,915
	5,313	PharmaEssentia Corp. (a)		57,988
	54,769	Pou Chen Corp.		54,461
	72,370	Powerchip Semiconductor Manufacturing Corp.		68,970
	12,426	President Chain Store Corp.		110,316
	63,980	Quanta Computer, Inc.		485,553
	10,153	Realtek Semiconductor Corp.		139,082
	36,845	Ruentex Development Co., Ltd. (a)		41,738
	94,965	Shanghai Commercial & Savings Bank Ltd.		133,111
	326,078	Shin Kong Financial Holding Co., Ltd. (a)		99,920
	12,020	Sino-American Silicon Products, Inc.		65,595
	257,187	SinoPac Financial Holdings Co., Ltd.		152,627

The accompanying notes are an integral part of these financial statements.

Strive Emerging Markets Ex-China ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	31,173	Synnex Technology International Corp.	$	58,722
	277,786	Taishin Financial Holding Co., Ltd.		161,316
	141,968	Taiwan Business Bank		65,051
	156,393	Taiwan Cement Corp.		185,622
	277,225	Taiwan Cooperative Financial Holding Co., Ltd.		259,348
	51,891	Taiwan High Speed Rail Corp.		49,783
	66,411	Taiwan Mobile Co., Ltd.		199,488
	720,484	Taiwan Semiconductor Manufacturing Co., Ltd.		12,953,191
	29,555	Unimicron Technology Corp.		173,513
	141,514	Uni-President Enterprises Corp.		339,077
	310,989	United Microelectronics Corp.		465,101
	22,106	Vanguard International Semiconductor Corp.		54,374
	1,601	Voltronic Power Technology Corp.		89,152
	59,842	Walsin Lihwa Corp.		76,168
	37,930	Wan Hai Lines Ltd.		60,830
	66,897	Winbond Electronics Corp.		62,477
	66,320	Wistron Corp.		298,610
	1,759	Wiwynn Corp.		99,630
	37,342	WPG Holdings Ltd.		59,887
	8,671	Yageo Corp.		126,782
	58,098	Yang Ming Marine Transport Corp.		85,964
	350,747	Yuanta Financial Holding Co., Ltd.		272,325
				28,361,569
Thailand - 3.1%
	31,336	Advanced Info Service PCL		206,900
	126,257	Airports of Thailand PCL (a)		263,737
	171,572	Asset World Corp. PCL		22,456
	17,190	B Grimm Power PCL		19,461
	54,544	Bangkok Bank PCL		273,288
	338,362	Bangkok Dusit Medical Services PCL		284,203
	182,241	Bangkok Expressway & Metro PCL		48,450
	20,184	Berli Jucker PCL		20,639
	165,765	BTS Group Holdings PCL		39,227
	21,262	Bumrungrad Hospital PCL		134,174
	7,551	Carabao Group PCL		16,049
	92,605	Central Pattana PCL		183,972
	105,866	Central Retail Corp. PCL (b)		127,582
	76,571	Charoen Pokphand Foods PCL		45,412
	141,901	CP ALL PCL		263,250
	38,950	CP Axtra PCL		39,259
	140,272	Delta Electronics Thailand PCL		463,083
	4,629	Electricity Generating PCL		18,054
	35,647	Energy Absolute PCL		64,569
	14,002	Global Power Synergy PCL		23,624
	130,115	Gulf Energy Development PCL		189,117
	126,185	Home Product Center PCL		52,349
	42,115	Indorama Ventures PCL		42,141
	21,574	Intouch Holdings PCL		48,532

The accompanying notes are an integral part of these financial statements.

Strive Emerging Markets Ex-China ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	71,788	Kasikornbank PCL	$	264,260
	142,106	Krung Thai Bank PCL		85,109
	22,480	Krungthai Card PCL		30,868
	170,039	Land & Houses PCL		42,226
	66,910	Minor International PCL		64,508
	30,453	Osotspa PCL		26,023
	40,533	PTT Exploration & Production PCL		188,877
	52,677	PTT Global Chemical PCL		60,789
	59,584	PTT Oil & Retail Business PCL (b)		37,252
	396,960	PTT PCL		405,904
	77,229	SCB X PCL		253,829
	24,707	SCG Packaging PCL		29,234
	21,340	Siam Cement PCL		202,622
	46,046	Siam Global House PCL		22,197
	99,896	Thai Life Insurance PCL		32,687
	27,470	Thai Oil PCL		41,130
	2,043,178	TMBThanachart Bank PCL		102,670
	259,601	True Corp. PCL (a)		54,986
				4,834,699
Turkey - 0.9%
	103,203	Akbank TAS		107,023
	12,619	Aselsan Elektronik Sanayi Ve Ticaret AS		34,940
	13,849	BIM Birlesik Magazalar AS		111,079
	60,219	Enka Insaat ve Sanayi AS		75,143
	56,421	Eregli Demir ve Celik Fabrikalari TAS (a)		87,324
	1,417	Ford Otomotiv Sanayi AS		49,942
	1,087	Gubre Fabrikalari TAS (a)		12,571
	32,410	Haci Omer Sabanci Holding AS		69,288
	21,019	Hektas Ticaret TAS (a)		23,888
	3,233	Iskenderun Demir ve Celik AS (a)		4,857
	30,962	KOC Holding AS		155,139
	20,890	Koza Altin Isletmeleri AS		21,710
	36,602	Sasa Polyester Sanayi AS (a)		82,802
	2,666	Tofas Turk Otomobil Fabrikasi AS		29,883
	21,707	Turk Hava Yollari AO (a)		188,769
	25,832	Turkcell Iletisim Hizmetleri AS		49,569
	12,635	Turkiye Garanti Bankasi AS		20,587
	74,195	Turkiye Is Bankasi AS - Class C		41,610
	28,170	Turkiye Petrol Rafinerileri AS		108,110
	40,652	Turkiye Sise ve Cam Fabrikalari AS		80,571
	58,824	Yapi ve Kredi Bankasi AS		31,068
				1,385,873
United Arab Emirates - 4.1%
	71,341	Abu Dhabi Commercial Bank PJSC		170,539
	52,413	Abu Dhabi Islamic Bank PJSC		160,397
	274,879	Abu Dhabi National Energy Co. PJSC		242,481
	70,529	Abu Dhabi National Oil Co. for Distribution PJSC		74,890
	19,051	Abu Dhabi Ports Co. PJSC (a)		34,234

The accompanying notes are an integral part of these financial statements.

Strive Emerging Markets Ex-China ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	38,269	ADNOC Drilling Co. PJSC	$	41,052
	89,578	Aldar Properties PJSC		126,091
	41,420	Alpha Dhabi Holding PJSC (a)		225,093
	220,776	Dubai Electricity & Water Authority PJSC		161,093
	127,958	Dubai Islamic Bank PJSC		200,321
	18,125	Emaar Development PJSC		31,287
	186,203	Emaar Properties PJSC		342,708
	19,831	Emirates Integrated Telecommunications Co. PJSC		29,804
	73,731	Emirates NBD Bank PJSC		341,264
	104,406	Emirates Telecommunications Group Co. PJSC		636,743
	154,889	First Abu Dhabi Bank PJSC		617,380
	25,546	International Holding Co. PJSC (a)		2,748,026
	91,690	Multiply Group PJSC (a)		80,633
	4,333	National Marine Dredging Co. (a)		25,930
				6,289,966
United States - 0.2%
	2,532	Southern Copper Corp.		221,398
		TOTAL COMMON STOCKS (Cost $138,650,428)		147,940,968

PREFERRED STOCKS - 3.2%
Brazil - 2.2%
	160,370	Banco Bradesco S.A.		564,665
	8,543	Banco Santander Brasil S.A.		27,352
	4,070	Braskem S.A. - Class A		21,672
	5,316	Centrais Eletricas Brasileiras S.A. - Class B		49,116
	34,716	Cia Energetica de Minas Gerais		93,163
	22,748	Cia Paranaense de Energia		40,168
	4,049	CTEEP-Cia de Transmissao de Energia Eletrica Paulista		21,578
	25,710	Energisa S.A.		47,465
	35,574	Gerdau S.A.		220,271
	148,289	Itau Unibanco Holding S.A.		897,495
	159,067	Itausa S.A.		330,328
	77,054	Klabin S.A.		75,282
	146,390	Petroleo Brasileiro S.A.		963,396
	21,277	Raizen S.A.		18,853
				3,370,804
Chile - 0.2%
	5,284	Sociedad Quimica y Minera de Chile S.A. - Class B		387,445

Colombia - 0.1%
	11,069	Bancolombia S.A.		84,126
	80,789	Grupo Aval Acciones y Valores S.A.		10,508
	2,284	Grupo de Inversiones Suramericana S.A.		8,173
				102,807
Republic of Korea - 0.7%
	24,672	Samsung Electronics Co., Ltd.		1,111,029
		TOTAL PREFERRED STOCKS (Cost $4,474,277)		4,972,085

The accompanying notes are an integral part of these financial statements.

Strive Emerging Markets Ex-China ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
REAL ESTATE INVESTMENT TRUSTS - 0.1%
Mexico - 0.1%
	93,742	Fibra Uno Administracion S.A. de CV	$	140,907

South Africa - 0.0% (d)
	57,324	Growthpoint Properties Ltd.		40,612
		TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $170,156)		181,519

MONEY MARKET FUNDS - 0.5%
	810,994	First American Government Obligations Fund - Class X, 5.14% (e)		810,994
		TOTAL MONEY MARKET FUNDS (Cost $810,994)		810,994

		TOTAL INVESTMENTS (Cost $144,105,855) - 100.1%	$	153,905,566
		Other Liabilities in Excess of Assets - (0.1%)		(178,563	)
		TOTAL NET ASSETS - 100.0%	$	153,727,003

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

	(a)	Non-income producing security.
	(b)	144A restricted security.
	(c)	Value determined using significant unobservable inputs.
	(d)	Represents less than 0.05% of net assets.
	(e)	Rate shown is the 7-day effective yield.

The accompanying notes are an integral part of these financial statements.

Strive 1000 Dividend Growth ETF

Schedule of Investments

July 31, 2023

Shares			Value
COMMON STOCKS - 96.3%
Advertising - 0.1%
	562	Interpublic Group of Cos., Inc.	$	19,237

Aerospace & Defense - 2.0%
	130	BWX Technologies, Inc.		8,970
	52	Curtiss-Wright Corp.		9,951
	359	General Dynamics Corp.		80,265
	102	HEICO Corp. - Class A		14,316
	62	HEICO Corp.		10,911
	58	Huntington Ingalls Industries, Inc.		13,321
	282	L3Harris Technologies, Inc.		53,436
	377	Lockheed Martin Corp.		168,281
	204	Northrop Grumman Corp.		90,780
				450,231
Agricultural & Farm Machinery - 0.1%
	85	AGCO Corp		11,313
	147	Toro Co.		14,943
				26,256
Air Freight & Logistics - 1.0%
	228	Expeditors International of Washington, Inc.		29,024
	1,078	United Parcel Service, Inc. - Class B		201,726
				230,750
Application Software - 1.3%
	407	Intuit, Inc.		208,262
	157	Roper Technologies, Inc.		77,409
				285,671
Asset Management & Custody Banks - 1.0%
	156	Ameriprise Financial, Inc.		54,358
	205	BlackRock, Inc.		151,464
	177	SEI Investments Co.		11,149
				216,971
Biotechnology - 3.2%
	2,637	AbbVie Inc		394,442
	795	Amgen, Inc.		186,149
	1,862	Gilead Sciences, Inc.		141,773
				722,364
Broadcasting - 0.0% (a)
	50	Nexstar Media Group, Inc.		9,336

Broadline Retail - 0.0% (a)
	3	Dillard’s, Inc. - Class A		1,029

Building Products - 0.8%
	103	Advanced Drainage Systems, Inc.		12,565
	180	A.O. Smith Corp.		13,073
	128	Allegion PLC ADR (b)		14,958
	75	Carlisle Cos., Inc.		20,790

The accompanying notes are an integral part of these financial statements.

Strive 1000 Dividend Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	181	Fortune Brands Innovations, Inc.	$	12,864
	48	Lennox International, Inc.		17,637
	324	Masco Corp.		19,660
	336	Trane Technologies PLC ADR (b)		67,012
				178,559
Cable & Satellite - 0.0% (a)
	7	Cable One, Inc.		5,068
	980	Sirius XM Holdings, Inc.		4,998
				10,066
Cargo Ground Transportation - 0.4%
	122	JB Hunt Transport Services, Inc.		24,881
	50	Landstar System, Inc.		10,179
	148	Old Dominion Freight Line, Inc.		62,085
				97,145
Casinos & Gaming - 0.0% (a)
	96	Churchill Downs, Inc.		11,122

Communications Equipment - 1.6%
	5,596	Cisco Systems, Inc.		291,216
	248	Motorola Solutions, Inc.		71,084
				362,300
Construction Machinery & Heavy Transportation Equipment - 1.2%
	770	Caterpillar, Inc.		204,181
	210	Cummins, Inc.		54,768
	87	Oshkosh Corp.		8,010
				266,959
Construction Materials - 0.4%
	90	Martin Marietta Materials, Inc.		40,181
	194	Vulcan Materials Co.		42,777
				82,958
Consumer Electronics - 0.1%
	224	Garmin Ltd. ADR (b)		23,719

Consumer Staples Merchandise Retail - 2.3%
	660	Costco Wholesale Corp.		370,042
	323	Dollar General Corp.		54,542
	684	Target Corp.		93,345
				517,929
Data Processing & Outsourced Services - 0.3%
	173	Broadridge Financial Solutions, Inc.		29,050
	261	Genpact Ltd. ADR (b)		9,419
	321	SS&C Technologies Holdings, Inc.		18,698
				57,167
Distillers & Vintners - 0.4%
	439	Brown-Forman Corp. - Class B		30,993
	233	Constellation Brands, Inc. - Class A		63,562
				94,555

The accompanying notes are an integral part of these financial statements.

Strive 1000 Dividend Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Distributors - 0.2%
	205	Genuine Parts Co.	$	31,923
	56	Pool Corp.		21,545
				53,468
Diversified Banks - 0.1%
	16	First Citizens BancShares, Inc. - Class A		22,901

Electric Utilities - 1.8%
	359	Alliant Energy Corp.		19,293
	766	American Electric Power Co., Inc.		64,911
	500	Eversource Energy		36,165
	69	IDACORP, Inc.		7,095
	3,012	NextEra Energy, Inc.		220,780
	118	PNM Resources, Inc.		5,289
	819	Xcel Energy, Inc.		51,376
				404,909
Electrical Components & Equipment - 1.0%
	592	Eaton Corp. PLC ADR (b)		121,549
	81	Hubbell, Inc.		25,272
	98	Regal Rexnord Corp.		15,306
	170	Rockwell Automation, Inc.		57,169
				219,296
Electronic Components - 0.6%
	882	Amphenol Corp. - Class A		77,889
	1,110	Corning, Inc.		37,673
	34	Littelfuse, Inc.		10,356
				125,918
Electronic Equipment & Instruments - 0.1%
	242	Cognex Corp.		13,218
	183	National Instruments Corp.		10,797
				24,015
Electronic Manufacturing Services - 0.3%
	469	TE Connectivity Ltd. ADR (b)		67,297

Environmental & Facilities Services - 0.7%
	307	Republic Services, Inc.		46,391
	78	Tetra Tech, Inc.		13,198
	612	Waste Management, Inc.		100,239
				159,828
Fertilizers & Agricultural Chemicals - 0.1%
	180	FMC Corp.		17,321

Financial Exchanges & Data - 2.8%
	149	Cboe Global Markets, Inc.		20,812
	533	CME Group, Inc.		106,046
	57	FactSet Research Systems, Inc.		24,797
	827	Intercontinental Exchange, Inc.		94,940

The accompanying notes are an integral part of these financial statements.

Strive 1000 Dividend Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	51	MarketAxess Holdings, Inc.	$	13,730
	233	Moody’s Corp.		82,191
	35	Morningstar, Inc.		8,067
	116	MSCI, Inc.		63,577
	579	Nasdaq, Inc.		29,234
	488	S&P Global, Inc.		192,521
				635,915
Food Distributors - 0.2%
	749	Sysco Corp.		57,156

Food Retail - 0.1%
	51	Casey’s General Stores, Inc.		12,886

Footwear - 0.9%
	1,827	Nike, Inc. - Class B		201,683

Gas Utilities - 0.1%
	213	Atmos Energy Corp.		25,924

Gold - 0.1%
	96	Royal Gold, Inc.		11,533

Health Care Equipment - 3.0%
	2,574	Abbott Laboratories		286,563
	736	Baxter International, Inc.		33,289
	1,984	Medtronic PLC ADR (b)		174,116
	145	Steris PLC ADR (b)		32,705
	505	Stryker Corp.		143,122
				669,795
Health Care Services - 0.1%
	22	Chemed Corp.		11,464
	163	Quest Diagnostics, Inc.		22,039
				33,503
Home Improvement Retail - 3.2%
	1,510	Home Depot, Inc.		504,098
	885	Lowe’s Cos., Inc.		207,329
				711,427
Household Products - 2.7%
	354	Church & Dwight Co., Inc.		33,867
	178	Clorox Co.		26,963
	3,513	Procter & Gamble Co.		549,082
				609,912
Human Resource & Employment Services - 1.0%
	612	Automatic Data Processing, Inc.		151,323
	481	Paychex, Inc.		60,351
	149	Robert Half International, Inc.		11,048
				222,722

The accompanying notes are an integral part of these financial statements.

Strive 1000 Dividend Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Independent Power Producers & Energy Traders - 0.9%
	950	AES Corp.	$	20,549

Industrial Conglomerates - 0.9%
	990	Honeywell International, Inc.		192,189

Industrial Gases - 0.4%
	330	Air Products and Chemicals, Inc.		100,759

Industrial Machinery & Supplies & Components - 1.7%
	176	Donaldson Co., Inc.		11,058
	208	Dover Corp.		30,362
	241	Graco, Inc.		19,119
	112	IDEX Corp.		25,291
	409	Illinois Tool Works, Inc.		107,698
	116	ITT, Inc.		11,554
	82	Lincoln Electric Holdings, Inc.		16,458
	75	Nordson Corp.		18,871
	190	Parker-Hannifin Corp.		77,902
	77	Snap-on, Inc.		20,978
	354	Xylem, Inc.		39,914
				379,205
Insurance Brokers - 1.6%
	288	Aon PLC - Class A ADR (b)		91,728
	315	Arthur J. Gallagher & Co.		67,662
	339	Brown & Brown, Inc.		23,883
	736	Marsh & McLennan Cos., Inc.		138,677
	157	Willis Towers Watson PLC ADR (b)		33,179
				355,129
Integrated Oil & Gas - 1.9%
	2,581	Chevron Corp.		422,406

Investment Banking & Brokerage - 0.2%
	68	Houlihan Lokey, Inc.		6,790
	290	Raymond James Financial, Inc.		31,920
				38,710
IT Consulting & Other Services - 0.1%
	176	Amdocs Ltd. ADR (b)		16,481

Life & Health Insurance - 0.4%
	821	Aflac, Inc.		59,391
	129	Globe Life, Inc.		14,470
	51	Primerica, Inc.		10,848
				84,709

The accompanying notes are an integral part of these financial statements.

Strive 1000 Dividend Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Life Sciences Tools & Services - 3.0%
	432	Agilent Technologies, Inc.	$	52,605
	1,004	Danaher Corp.		256,080
	574	Thermo Fisher Scientific, Inc.		314,931
	109	West Pharmaceutical Services, Inc.		40,116
				663,732
Managed Health Care - 4.2%
	353	Elevance Health, Inc.		166,485
	184	Humana, Inc.		84,057
	1,387	UnitedHealth Group, Inc.		702,335
				952,877
Metal, Glass & Plastic Containers - 0.1%
	452	Ball Corp.		26,528

Multi-Utilities - 0.8%
	389	Ameren Corp.		33,326
	419	CMS Energy Corp.		25,588
	469	Sempra Energy		69,890
	470	WEC Energy Group, Inc.		42,234
				171,038
Office Services & Supplies - 0.0% (a)
	51	MSA Safety, Inc.		8,466

Oil & Gas Exploration & Production - 1.0%
	1,814	ConocoPhillips		213,544
	9	Texas Pacific Land Corp.		13,557
				227,101
Other Specialty Retail - 0.2%
	82	Dick’s Sporting Goods, Inc.		11,562
	161	Tractor Supply Co.		36,062
				47,624
Packaged Foods & Meats - 1.4%
	279	Flowers Foods, Inc.		6,894
	218	Hershey Co.		50,426
	417	Hormel Foods Corp.		17,047
	146	J.M. Smucker Co.		21,995
	208	Lamb Weston Holdings, Inc.		21,555
	28	Lancaster Colony Corp.		5,394
	371	McCormick & Co., Inc.		33,197
	2,026	Mondelez International, Inc. - Class A		150,187
				306,695
Paper & Plastic Packaging Products & Materials - 0.1%
	115	Avery Dennison Corp.		21,161

The accompanying notes are an integral part of these financial statements.

Strive 1000 Dividend Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Pharmaceuticals - 10.0%
	3,130	Bristol-Myers Squibb Co.	$	194,655
	1,264	Eli Lilly & Co.		574,551
	3,875	Johnson & Johnson		649,179
	3,771	Merck & Co., Inc.		402,177
	8,417	Pfizer, Inc.		303,517
	630	Zoetis, Inc.		118,497
				2,242,576
Property & Casualty Insurance - 0.8%
	385	Allstate Corp.		43,382
	224	Cincinnati Financial Corp.		24,098
	34	Erie Indemnity Co. - Class A		7,547
	32	Kinsale Capital Group, Inc.		11,924
	83	Selective Insurance Group, Inc.		8,565
	343	Travelers Cos., Inc.		59,205
	290	W.R. Berkley Corp.		17,890
				172,611
Rail Transportation - 1.7%
	3,025	CSX Corp.		100,793
	340	Norfolk Southern Corp.		79,421
	897	Union Pacific Corp.		208,122
				388,336
Regional Banks - 0.1%
	163	Commerce Bancshares, Inc.		8,668
	83	Cullen/Frost Bankers, Inc.		9,012
	196	First Financial Bankshares, Inc.		6,388
				24,068
Renewable Electricity - 0.0% (a)
	119	NextEra Energy Partners LP		6,480

Research & Consulting Services - 0.1%
	194	Booz Allen Hamilton Holding Corp.		23,490

Restaurants - 2.5%
	50	Domino’s Pizza, Inc.		19,837
	1,089	McDonald’s Corp.		319,295
	1,680	Starbucks Corp.		170,638
	418	Yum! Brands, Inc.		57,546
				567,316
Semiconductor Materials & Equipment - 2.0%
	1,254	Applied Materials, Inc.		190,094
	205	KLA Corp.		105,360
	199	Lam Research Corp.		142,980
				438,434

The accompanying notes are an integral part of these financial statements.

Strive 1000 Dividend Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Semiconductors - 5.8%
	752	Analog Devices, Inc.	$	150,047
	608	Broadcom, Inc.		546,379
	801	Microchip Technology, Inc.		75,246
	67	Monolithic Power Systems, Inc.		37,486
	1,662	Qualcomm, Inc.		219,667
	228	Skyworks Solutions, Inc.		26,076
	1,352	Texas Instruments, Inc.		243,360
	64	Universal Display Corp.		9,336
				1,307,597
Soft Drinks & Non-alcoholic Beverages - 1.7%
	2,052	PepsiCo, Inc.		384,668

Specialized Consumer Services - 0.1%
	213	Service Corp. International		14,196

Specialty Chemicals - 1.1%
	68	Ashland, Inc.		6,212
	376	Ecolab, Inc.		68,861
	350	PPG Industries, Inc.		50,365
	181	RPM International, Inc.		18,699
	352	Sherwin-Williams Co.		97,328
				241,465
Systems Software - 6.0%
	83	Dolby Laboratories, Inc. - Class A		7,355
	3,166	Microsoft Corp.		1,063,523
	2,309	Oracle Corp.		270,684
				1,341,562
Technology Distributors - 0.2%
	201	CDW Corp.		37,601

Technology Hardware, Storage & Peripherals - 5.2%
	5,863	Apple, Inc.		1,151,786
	309	NetApp, Inc.		24,105
				1,175,891
Trading Companies & Distributors - 0.5%
	833	Fastenal Co.		48,822
	48	Watsco, Inc.		18,153
	65	W.W. Grainger, Inc.		48,002
				114,977
Transaction & Payment Processing Services - 4.8%
	101	Jack Henry & Associates, Inc.		16,925
	1,252	Mastercard, Inc. - Class A		493,639
	2,402	Visa, Inc. - Class A		571,027
				1,081,591

The accompanying notes are an integral part of these financial statements.

Strive 1000 Dividend Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Water Utilities - 0.3%
	290	American Water Works Co., Inc.	$	42,755
	341	Essential Utilities, Inc.		14,421
				57,176
		TOTAL COMMON STOCKS (Cost $20,136,439)		21,607,127

REAL ESTATE INVESTMENT TRUSTS - 3.2%
Data Center REITs - 0.8%
	434	Digital Realty Trust, Inc.		54,085
	138	Equinix, Inc.		111,769
				165,854
Industrial REITs - 0.9%
	65	EastGroup Properties, Inc.		11,517
	192	First Industrial Realty Trust, Inc.		9,926
	1,374	Prologis, Inc.		171,407
	279	Rexford Industrial Realty, Inc.		15,370
				208,220
Multi-Family Residential REITs - 0.1%
	172	Mid-America Apartment Communities, Inc.		25,742

Retail REITs - 0.0% (a)
	128	Agree Realty Corp.		8,292

Self-Storage REITs - 0.3%
	323	CubeSmart		14,005
	311	Extra Space Storage, Inc.		43,406
	117	National Storage Affiliates Trust		3,953
				61,364
Single-Family Residential REITs - 0.2%
	245	Equity LifeStyle Properties, Inc.		17,439
	177	Sun Communities, Inc.		23,063
				40,502
Telecom Tower REITs - 0.9%
	693	American Tower Corp.		131,885
	645	Crown Castle, Inc.		69,847
				201,732
		TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $706,466)		711,706

MONEY MARKET FUNDS - 0.4%
	82,776	First American Government Obligations Fund - Class X, 5.14% (b)		82,776
		TOTAL MONEY MARKET FUNDS (Cost $82,776)		82,776

		TOTAL INVESTMENTS (Cost $20,925,681) - 99.9%	$	22,401,609
		Other Assets in Excess of Liabilities - 0.1%		13,752
		TOTAL NET ASSETS - 100.0%	$	22,415,361

The accompanying notes are an integral part of these financial statements.

Strive 1000 Dividend Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

	(a)	Represents less than 0.05% of net assets.
	(b)	Foreign issued security.
	(c)	Rate shown is the 7-day effective yield.

The Global Industry Classification Standard (GICS^®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor 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.

Strive 1000 Growth ETF

Schedule of Investments

July 31, 2023

Shares			Value
COMMON STOCKS - 97.7%
Advertising - 0.1%
	38	Interpublic Group of Cos., Inc.	$	1,301
	432	Trade Desk, Inc. - Class A (a)		39,424
				40,725
Aerospace & Defense - 0.9%
	67	Axon Enterprise, Inc. (a)		12,457
	72	BWX Technologies, Inc.		4,968
	28	Curtiss-Wright Corp.		5,358
	101	General Dynamics Corp.		22,582
	72	HEICO Corp. - Class A		10,105
	41	HEICO Corp.		7,215
	3	Hexcel Corp.		212
	165	Howmet Aerospace, Inc.		8,438
	33	Huntington Ingalls Industries, Inc.		7,579
	108	L3Harris Technologies, Inc.		20,465
	153	Lockheed Martin Corp.		68,295
	115	Northrop Grumman Corp.		51,175
	72	Textron, Inc.		5,599
	44	TransDigm Group, Inc.		39,588
	36	Woodward, Inc.		4,334
				268,370
Agricultural & Farm Machinery - 0.4%
	4	AGCO Corp.		532
	270	Deere & Co.		115,992
	93	Toro Co.		9,453
				125,977
Agricultural Products & Services - 0.0% (c)
	56	Archer-Daniels-Midland Co.		4,759
	144	Darling Ingredients, Inc. (a)		9,973
				14,732
Air Freight & Logistics - 0.2%
	19	CH Robinson Worldwide, Inc.		1,903
	126	Expeditors International of Washington, Inc.		16,040
	21	GXO Logistics, Inc. (a)		1,408
	263	United Parcel Service, Inc. - Class B		49,215
				68,566
Alternative Carriers - 0.0% (c)
	109	Iridium Communications, Inc.		5,728

Apparel Retail - 0.5%
	57	Burlington Stores, Inc. (a)		10,124
	326	Ross Stores, Inc.		37,373
	1,148	TJX Cos., Inc.		99,336
				146,833
Apparel, Accessories & Luxury Goods - 0.2%
	18	Columbia Sportswear Co.		1,415

The accompanying notes are an integral part of these financial statements.

Strive 1000 Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	114	Lululemon Athletica, Inc. (a)	$	43,152
	144	Under Armour, Inc. - Class C (a)		1,068
	126	Under Armour, Inc. - Class A (a)		1,016
				46,651
Application Software - 4.3%
	108	ACI Worldwide, Inc. (a)		2,505
	456	Adobe, Inc. (a)		249,054
	90	ANSYS, Inc. (a)		30,789
	180	AppLovin Corp. - Class A (a)		5,652
	18	Aspen Technology, Inc. (a)		3,213
	144	Atlassian Corp. - Class A (a)		26,199
	216	Autodesk, Inc. (a)		45,790
	216	Bentley Systems, Inc. - Class B		11,638
	100	BILL Holdings, Inc. (a)		12,534
	144	Black Knight, Inc. (a)		10,126
	270	Cadence Design Systems, Inc. (a)		63,183
	162	CCC Intelligent Solutions Holdings, Inc. (a)		1,785
	156	Confluent, Inc. - Class A (a)		5,388
	252	Datadog, Inc. - Class A (a)		29,413
	198	DocuSign, Inc. (a)		10,656
	270	Dropbox, Inc. - Class A (a)		7,277
	198	Dynatrace, Inc. (a)		10,829
	72	Elastic N.V. ADR (a)(b)		4,784
	24	Fair Isaac Corp. (a)		20,111
	72	Five9, Inc. (a)		6,318
	18	Guidewire Software, Inc. (a)		1,527
	129	HashiCorp, Inc. - Class A (a)		3,820
	45	HubSpot, Inc. (a)		26,125
	270	Intuit, Inc.		138,159
	54	Manhattan Associates, Inc. (a)		10,293
	216	Nutanix, Inc. - Class A (a)		6,523
	1,752	Palantir Technologies, Inc. - Class A (a)		34,760
	36	Pegasystems, Inc.		1,899
	72	Procore Technologies, Inc. (a)		5,461
	108	PTC, Inc. (a)		15,747
	90	RingCentral, Inc. - Class A (a)		3,722
	95	Roper Technologies, Inc.		46,840
	963	Salesforce, Inc. (a)		216,685
	72	Samsara, Inc. - Class A (a)		2,012
	126	Smartsheet, Inc. - Class A (a)		5,594
	162	Splunk, Inc. (a)		17,549
	150	Synopsys, Inc. (a)		67,770
	41	Tyler Technologies, Inc. (a)		16,262
	252	Unity Software, Inc. (a)		11,552
	198	Workday, Inc. - Class A (a)		46,952
	216	Zoom Video Communications, Inc. - Class A (a)		15,844
				1,252,340

The accompanying notes are an integral part of these financial statements.

Strive 1000 Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Asset Management & Custody Banks - 0.6%
	56	Ameriprise Financial, Inc.	$	19,513
	158	Ares Management Corp. - Class A		15,677
	75	BlackRock, Inc.		55,414
	471	Blackstone, Inc.		49,356
	378	Blue Owl Capital, Inc.		4,657
	417	KKR & Co., Inc.		24,761
	72	SEI Investments Co.		4,535
	36	TPG, Inc.		1,059
				174,972
Automobile Manufacturers - 2.6%
	454	Lucid Group, Inc. (a)		3,455
	705	Rivian Automotive, Inc. - Class A (a)		19,486
	2,751	Tesla, Inc. (a)		735,700
				758,641
Automotive Parts & Equipment - 0.1%
	145	Aptiv PLC ADR (a)(b)		15,876
	144	Gentex Corp.		4,836
	216	QuantumScape Corp. (a)(d)		2,875
				23,587
Automotive Retail - 0.4%
	1	Advance Auto Parts, Inc.		74
	18	AutoZone, Inc. (a)		44,671
	7	Murphy USA, Inc.		2,149
	60	O’Reilly Automotive, Inc. (a)		55,547
	55	Valvoline, Inc.		2,088
				104,529
Biotechnology - 2.2%
	1,083	AbbVie, Inc.		161,995
	126	Alnylam Pharmaceuticals, Inc. (a)		24,620
	349	Amgen, Inc.		81,718
	90	Apellis Pharmaceuticals, Inc. (a)		2,318
	108	Arrowhead Pharmaceuticals, Inc. (a)		3,728
	44	Biogen, Inc. (a)		11,888
	180	BioMarin Pharmaceutical, Inc. (a)		15,827
	72	CRISPR Therapeutics AG ADR (a)(b)		4,128
	90	Denali Therapeutics, Inc. (a)		2,559
	180	Exact Sciences Corp. (a)		17,557
	306	Exelixis, Inc. (a)		6,031
	306	Gilead Sciences, Inc.		23,299
	144	Halozyme Therapeutics, Inc. (a)		6,186
	234	Horizon Therapeutics PLC ADR (a)(b)		23,463
	180	Incyte Corp. (a)		11,470
	39	Ionis Pharmaceuticals, Inc. (a)		1,616
	326	Moderna, Inc. (a)		38,357
	166	Natera, Inc. (a)		7,507
	90	Neurocrine Biosciences, Inc. (a)		9,170
	103	Regeneron Pharmaceuticals, Inc. (a)		76,417

The accompanying notes are an integral part of these financial statements.

Strive 1000 Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	374	Roivant Sciences Ltd. ADR (a)(b)	$	4,481
	18	Sarepta Therapeutics, Inc. (a)		1,951
	86	Seagen, Inc. (a)		16,493
	19	United Therapeutics Corp. (a)		4,612
	254	Vertex Pharmaceuticals, Inc. (a)		89,494
				646,885
Brewers - 0.0% (c)
	8	Boston Beer Co., Inc. - Class A (a)		2,972

Broadline Retail - 4.2%
	8,933	Amazon.com, Inc. (a)		1,194,163
	270	eBay, Inc.		12,018
	126	Etsy, Inc. (a)		12,808
				1,218,989
Building Products - 0.5%
	72	A.O. Smith Corp.		5,229
	72	Advanced Drainage Systems, Inc.		8,783
	72	Allegion PLC ADR (b)		8,414
	36	Armstrong World Industries, Inc.		2,785
	45	Carlisle Cos., Inc.		12,474
	541	Carrier Global Corp.		32,217
	18	Fortune Brands Innovations, Inc.		1,279
	488	Johnson Controls International PLC ADR (b)		33,940
	18	Lennox International, Inc.		6,614
	56	Masco Corp.		3,398
	164	Trane Technologies PLC ADR (b)		32,708
	108	Trex Co., Inc. (a)		7,467
				155,308
Cable & Satellite - 0.1%
	55	Charter Communications, Inc. - Class A (a)		22,285
	18	Liberty Broadband Corp. - Class A (a)		1,599
	126	Liberty Broadband Corp. - Class C (a)		11,230
	270	Sirius XM Holdings, Inc.		1,377
				36,491
Cargo Ground Transportation - 0.3%
	93	JB Hunt Transport Services, Inc.		18,966
	41	Landstar System, Inc.		8,347
	98	Old Dominion Freight Line, Inc.		41,110
	33	Saia, Inc. (a)		13,964
	58	U-Haul Holding Co.		3,318
				85,705
Casinos & Gaming - 0.1%
	22	Boyd Gaming Corp.		1,503
	57	Caesars Entertainment, Inc. (a)		3,364
	72	Churchill Downs, Inc.		8,341
	360	DraftKings, Inc. - Class A (a)		11,441
	90	Light & Wonder, Inc. (a)		6,327

The accompanying notes are an integral part of these financial statements.

Strive 1000 Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	38	MGM Resorts International	$	1,929
				32,905
Commodity Chemicals - 0.0% (c)
	72	Olin Corp.		4,153

Communications Equipment - 0.6%
	234	Arista Networks, Inc. (a)		36,291
	144	Ciena Corp. (a)		6,077
	1,260	Cisco Systems, Inc.		65,570
	37	F5, Inc. (a)		5,855
	128	Juniper Networks, Inc.		3,558
	54	Lumentum Holdings, Inc. (a)		2,827
	153	Motorola Solutions, Inc.		43,854
				164,032
Construction & Engineering - 0.2%
	90	AECOM		7,830
	40	EMCOR Group, Inc.		8,602
	20	MasTec, Inc. (a)		2,355
	144	Quanta Services, Inc.		29,033
	19	Valmont Industries, Inc.		5,030
	216	WillScot Mobile Mini Holdings Corp. (a)		10,357
				63,207
Construction Machinery & Heavy Transportation Equipment - 0.3%
	307	Caterpillar, Inc.		81,407
	38	Cummins, Inc.		9,910
	56	Westinghouse Air Brake Technologies Corp.		6,633
				97,950
Construction Materials - 0.2%
	42	Eagle Materials, Inc.		7,744
	61	Martin Marietta Materials, Inc.		27,234
	126	Vulcan Materials Co.		27,783
				62,761
Consumer Electronics - 0.0% (c)
	90	Garmin Ltd. ADR (b)		9,530

Consumer Finance - 0.1%
	199	American Express Co.		33,607
	3	Credit Acceptance Corp. (a)		1,670
				35,277
Consumer Staples Merchandise Retail - 1.5%
	72	BJ’s Wholesale Club Holdings, Inc. (a)		4,774
	441	Costco Wholesale Corp.		247,255
	218	Dollar General Corp.		36,811
	182	Dollar Tree, Inc. (a)		28,088
	183	Target Corp.		24,974
	595	Walmart, Inc.		95,117
				437,019

The accompanying notes are an integral part of these financial statements.

Strive 1000 Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Copper - 0.1%
	612	Freeport-McMoRan, Inc.	$	27,326

Data Processing & Outsourced Services - 0.1%
	108	Broadridge Financial Solutions, Inc.		18,135
	18	Concentrix Corp.		1,498
	162	Genpact Ltd. ADR (b)		5,847
	37	Maximus, Inc.		3,099
	129	SS&C Technologies Holdings, Inc.		7,514
				36,093
Distillers & Vintners - 0.2%
	39	Brown-Forman Corp. - Class A		2,804
	306	Brown-Forman Corp. - Class B		21,604
	123	Constellation Brands, Inc. - Class A		33,554
				57,962
Distributors - 0.1%
	92	Genuine Parts Co.		14,326
	91	LKQ Corp.		4,986
	36	Pool Corp.		13,851
				33,163
Diversified Financial Services - 0.0% (c)
	184	Apollo Global Management, Inc.		15,036

Diversified Support Services - 0.3%
	84	Cintas Corp.		42,171
	432	Copart, Inc. (a)		38,184
				80,355
Education Services - 0.0% (c)
	36	Bright Horizons Family Solutions, Inc. (a)		3,493

Electric Utilities - 0.6%
	57	Alliant Energy Corp.		3,063
	324	Constellation Energy Corp.		31,315
	73	Eversource Energy		5,280
	18	IDACORP, Inc.		1,851
	1,653	NextEra Energy, Inc.		121,165
	18	PNM Resources, Inc.		807
	144	Southern Co.		10,417
	147	Xcel Energy, Inc.		9,221
				183,119
Electrical Components & Equipment - 0.7%
	18	Acuity Brands, Inc.		2,974
	227	AMETEK, Inc.		36,002
	180	ChargePoint Holdings, Inc. (a)(d)		1,559
	231	Eaton Corp. PLC ADR (b)		47,429
	343	Emerson Electric Co.		31,333
	60	Generac Holdings, Inc. (a)		9,222

The accompanying notes are an integral part of these financial statements.

Strive 1000 Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	36	Hubbell, Inc.	$	11,232
	76	nVent Electric PLC ADR (b)		4,019
	576	Plug Power, Inc. (a)		7,557
	110	Rockwell Automation, Inc.		36,992
	54	Sensata Technologies Holding PLC ADR (b)		2,282
	306	Vertiv Holdings Co.		7,959
				198,560
Electronic Components - 0.2%
	594	Amphenol Corp. - Class A		52,456
	40	Coherent Corp. (a)		1,894
	3	Corning, Inc.		102
	18	Littelfuse, Inc.		5,483
				59,935
Electronic Equipment & Instruments - 0.3%
	127	Cognex Corp.		6,937
	180	Keysight Technologies, Inc. (a)		28,994
	108	National Instruments Corp.		6,372
	45	Teledyne Technologies, Inc. (a)		17,304
	252	Trimble, Inc. (a)		13,558
	54	Zebra Technologies Corp. - Class A (a)		16,630
				89,795
Electronic Manufacturing Services - 0.1%
	174	TE Connectivity Ltd. ADR (b)		24,967

Environmental & Facilities Services - 0.4%
	58	Clean Harbors, Inc. (a)		9,643
	180	Republic Services, Inc.		27,200
	234	Rollins, Inc.		9,554
	54	Tetra Tech, Inc.		9,137
	396	Waste Management, Inc.		64,861
				120,395
Fertilizers & Agricultural Chemicals - 0.1%
	562	Corteva, Inc.		31,714
	90	FMC Corp.		8,661
				40,375
Financial Exchanges & Data - 1.3%
	103	Cboe Global Markets, Inc.		14,387
	55	CME Group, Inc.		10,943
	144	Coinbase Global, Inc. - Class A (a)		14,200
	36	FactSet Research Systems, Inc.		15,661
	450	Intercontinental Exchange, Inc.		51,660
	36	MarketAxess Holdings, Inc.		9,692
	156	Moody’s Corp.		55,029
	37	Morningstar, Inc.		8,528
	76	MSCI, Inc.		41,654
	400	Nasdaq, Inc.		20,196
	324	S&P Global, Inc.		127,821

The accompanying notes are an integral part of these financial statements.

Strive 1000 Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	108	Tradeweb Markets, Inc. - Class A	$	8,833
				378,604
Food Distributors - 0.1%
	360	Sysco Corp.		27,472

Food Retail - 0.0% (c)
	18	Casey’s General Stores, Inc.		4,548

Footwear - 0.6%
	55	Crocs, Inc. (a)		5,959
	25	Deckers Outdoor Corp. (a)		13,592
	1,225	NIKE, Inc. - Class B		135,228
	162	On Holding AG - Class A ADR (a)(b)		5,832
	40	Skechers USA, Inc. - Class A (a)		2,223
				162,834
Gas Utilities - 0.0% (c)
	36	Atmos Energy Corp.		4,382

Gold - 0.0% (c)
	54	Newmont Corp.		2,318
	88	Royal Gold, Inc.		10,572
				12,890
Health Care Distributors - 0.0% (c)
	72	Henry Schein, Inc. (a)		5,673

Health Care Equipment - 3.0%
	1,713	Abbott Laboratories		190,708
	4	ABIOMED, Inc. (a)		-
	219	Baxter International, Inc.		9,905
	181	Becton Dickinson & Co.		50,430
	1,422	Boston Scientific Corp. (a)		73,731
	379	Dexcom, Inc. (a)		47,208
	612	Edwards Lifesciences Corp. (a)		50,227
	126	Envista Holdings Corp. (a)		4,336
	290	GE HealthCare Technologies, Inc.		22,620
	72	Globus Medical, Inc. - Class A (a)		4,339
	216	Hologic, Inc. (a)		17,155
	81	IDEXX Laboratories, Inc. (a)		44,933
	27	Inspire Medical Systems, Inc. (a)		7,771
	72	Insulet Corp. (a)		19,926
	54	Integra LifeSciences Holdings Corp. (a)		2,455
	348	Intuitive Surgical, Inc. (a)		112,891
	54	Masimo Corp. (a)		6,604
	73	Medtronic PLC ADR (b)		6,406
	90	Novocure Ltd. ADR (a)(b)		2,938
	36	Penumbra, Inc. (a)		10,921
	144	ResMed, Inc.		32,018

The accompanying notes are an integral part of these financial statements.

Strive 1000 Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	36	Shockwave Medical, Inc. (a)	$	9,382
	109	STERIS PLC ADR (b)		24,585
	337	Stryker Corp.		95,509
	41	Teleflex, Inc.		10,298
	75	Zimmer Biomet Holdings, Inc.		10,361
				867,657
Health Care Facilities - 0.1%
	54	Acadia Healthcare Co., Inc. (a)		4,268
	81	HCA Healthcare, Inc.		22,098
				26,366
Health Care Services - 0.2%
	198	agilon health, Inc. (a)		3,792
	19	Chemed Corp.		9,901
	108	Cigna Group		31,871
	90	Guardant Health, Inc. (a)		3,512
	13	Laboratory Corp. of America Holdings		2,781
	144	Option Care Health, Inc. (a)		4,864
	40	Quest Diagnostics, Inc.		5,408
	72	R1 RCM, Inc. (a)		1,244
				63,373
Health Care Supplies - 0.2%
	72	Align Technology, Inc. (a)		27,208
	48	Cooper Cos., Inc.		18,780
	36	DENTSPLY SIRONA, Inc.		1,495
	18	ICU Medical, Inc. (a)		3,207
				50,690
Health Care Technology - 0.1%
	90	Doximity, Inc. - Class A (a)		3,216
	90	Teladoc Health, Inc. (a)		2,679
	144	Veeva Systems, Inc. - Class A (a)		29,408
				35,303
Home Furnishings - 0.0% (c)
	144	Tempur Sealy International, Inc.		6,427

Home Improvement Retail - 1.6%
	108	Floor & Decor Holdings, Inc. - Class A (a)		12,404
	991	Home Depot, Inc.		330,835
	474	Lowe’s Cos., Inc.		111,044
				454,283
Homebuilding - 0.1%
	2	NVR, Inc. (a)		12,613
	19	TopBuild Corp. (a)		5,205
				17,818
Homefurnishing Retail - 0.0% (c)
	18	RH (a)		6,987
	1	Wayfair, Inc. - Class A (a)		78
				7,065

The accompanying notes are an integral part of these financial statements.

Strive 1000 Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Hotels, Resorts & Cruise Lines - 0.9%
	374	Airbnb, Inc. - Class A (a)	$	56,919
	35	Booking Holdings, Inc. (a)		103,978
	36	Choice Hotels International, Inc.		4,707
	259	Hilton Worldwide Holdings, Inc.		40,272
	272	Marriott International, Inc. - Class A		54,892
	36	Wyndham Hotels & Resorts, Inc.		2,805
				263,573
Household Products - 1.4%
	234	Church & Dwight Co., Inc.		22,387
	72	Clorox Co.		10,907
	612	Colgate-Palmolive Co.		46,671
	189	Kimberly-Clark Corp.		24,400
	1,964	Procter & Gamble Co.		306,973
	18	Reynolds Consumer Products, Inc.		498
				411,836
Human Resource & Employment Services - 0.6%
	414	Automatic Data Processing, Inc.		102,366
	144	Ceridian HCM Holding, Inc. (a)		10,197
	307	Paychex, Inc.		38,519
	54	Paycom Software, Inc.		19,913
	36	Paylocity Holding Corp. (a)		8,167
	18	Robert Half, Inc.		1,335
	36	TriNet Group, Inc. (a)		3,788
				184,285
Independent Power Producers & Energy Traders - 0.0% (c)
	201	AES Corp.		4,348
	127	Vistra Corp.		3,564
				7,912
Industrial Conglomerates - 0.4%
	128	General Electric Co.		14,623
	495	Honeywell International, Inc.		96,094
				110,717
Industrial Gases - 0.2%
	217	Air Products and Chemicals, Inc.		66,257

Industrial Machinery & Supplies & Components - 1.0%
	36	Chart Industries, Inc. (a)		6,558
	3	Crane Co.		281
	3	Crane NXT Co.		177
	90	Donaldson Co., Inc.		5,655
	108	Dover Corp.		15,765
	18	Flowserve Corp.		680
	144	Fortive Corp.		11,282
	162	Graco, Inc.		12,851
	72	IDEX Corp.		16,258
	222	Illinois Tool Works, Inc.		58,457

The accompanying notes are an integral part of these financial statements.

Strive 1000 Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	360	Ingersoll Rand, Inc.	$	23,497
	36	ITT, Inc.		3,586
	50	Lincoln Electric Holdings, Inc.		10,036
	36	Middleby Corp. (a)		5,467
	54	Nordson Corp.		13,587
	325	Otis Worldwide Corp.		29,562
	84	Parker-Hannifin Corp.		34,441
	72	Pentair PLC ADR (b)		5,004
	27	RBC Bearings, Inc. (a)		6,103
	13	Snap-on, Inc.		3,542
	236	Xylem, Inc.		26,609
				289,398
Insurance Brokers - 0.8%
	185	Aon PLC - Class A ADR (b)		58,923
	198	Arthur J. Gallagher & Co.		42,530
	234	Brown & Brown, Inc.		16,485
	492	Marsh & McLennan Cos., Inc.		92,703
	90	Ryan Specialty Holdings, Inc. (a)		3,901
	108	Willis Towers Watson PLC ADR (b)		22,824
				237,366
Integrated Oil & Gas - 0.1%
	93	Chevron Corp.		15,220
	235	Exxon Mobil Corp.		25,201
				40,421
Interactive Home Entertainment - 0.5%
	633	Activision Blizzard, Inc.		58,717
	270	Electronic Arts, Inc.		36,815
	108	Playtika Holding Corp. (a)		1,290
	342	Roblox Corp. - Class A (a)		13,424
	162	Take-Two Interactive Software, Inc. (a)		24,776
				135,022
Interactive Media & Services - 6.5%
	5,913	Alphabet, Inc. - Class A (a)		784,773
	5,040	Alphabet, Inc. - Class C (a)		670,874
	90	Bumble, Inc. - Class A (a)		1,667
	1,251	Meta Platforms, Inc. - Class A (a)		398,569
	576	Pinterest, Inc. - Class A (a)		16,698
	1,026	Snap, Inc. - Class A (a)		11,655
	18	Ziff Davis, Inc. (a)		1,305
	342	ZoomInfo Technologies, Inc. (a)		8,745
				1,894,286
Internet Services & Infrastructure - 0.6%
	146	Akamai Technologies, Inc. (a)		13,797
	252	Cloudflare, Inc. - Class A (a)		17,330
	162	GoDaddy, Inc. - Class A (a)		12,489
	66	MongoDB, Inc. (a)		27,944
	144	Okta, Inc. (a)		11,068

The accompanying notes are an integral part of these financial statements.

Strive 1000 Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	270	Snowflake, Inc. - Class A (a)	$	47,982
	218	Twilio, Inc. - Class A (a)		14,395
	90	VeriSign, Inc. (a)		18,986
				163,991
Investment Banking & Brokerage - 0.5%
	1,514	Charles Schwab Corp.		100,075
	40	Houlihan Lokey, Inc.		3,994
	78	LPL Financial Holdings, Inc.		17,890
	148	Raymond James Financial, Inc.		16,290
				138,249
IT Consulting & Other Services - 0.9%
	660	Accenture PLC - Class A ADR (b)		208,791
	72	Amdocs Ltd. ADR (b)		6,742
	74	Cognizant Technology Solutions Corp. - Class A		4,886
	54	EPAM Systems, Inc. (a)		12,788
	73	Gartner, Inc. (a)		25,812
	36	Globant S.A. ADR (a)(b)		6,290
				265,309
Leisure Facilities - 0.1%
	90	Planet Fitness, Inc. - Class A (a)		6,080
	41	Vail Resorts, Inc.		9,656
				15,736
Leisure Products - 0.0% (c)
	360	Mattel, Inc. (a)		7,668
	18	Polaris, Inc.		2,445
	90	YETI Holdings, Inc. (a)		3,834
				13,947
Life & Health Insurance - 0.0% (c)
	94	Aflac, Inc.		6,800
	36	Globe Life, Inc.		4,038
	11	Primerica, Inc.		2,340
				13,178
Life Sciences Tools & Services - 2.3%
	90	10X Genomics, Inc. - Class A (a)		5,668
	289	Agilent Technologies, Inc.		35,192
	612	Avantor, Inc. (a)		12,589
	19	Bio-Rad Laboratories, Inc. - Class A (a)		7,702
	144	Bio-Techne Corp.		12,010
	108	Bruker Corp.		7,422
	54	Charles River Laboratories International, Inc. (a)		11,315
	672	Danaher Corp.		171,400
	13	Fortrea Holdings, Inc. (a)		415
	80	ICON PLC ADR (a)(b)		20,113
	156	Illumina, Inc. (a)		29,975
	180	IQVIA Holdings, Inc. (a)		40,277
	20	Medpace Holdings, Inc. (a)		5,063
	21	Mettler-Toledo International, Inc. (a)		26,407

The accompanying notes are an integral part of these financial statements.

Strive 1000 Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	54	Repligen Corp. (a)	$	9,264
	126	Revvity, Inc.		15,492
	90	Sotera Health Co. (a)		1,708
	384	Thermo Fisher Scientific, Inc.		210,685
	55	Waters Corp. (a)		15,192
	72	West Pharmaceutical Services, Inc.		26,499
				664,388
Managed Health Care - 2.0%
	156	Elevance Health, Inc.		73,574
	90	HealthEquity, Inc. (a)		6,115
	80	Humana, Inc.		36,546
	55	Molina Healthcare, Inc. (a)		16,747
	902	UnitedHealth Group, Inc.		456,746
				589,728
Metal, Glass & Plastic Containers - 0.1%
	66	AptarGroup, Inc.		8,016
	234	Ball Corp.		13,733
	22	Crown Holdings, Inc.		2,041
				23,790
Movies & Entertainment - 1.0%
	4	Atlanta Braves Holdings, Inc. - Class C (a)		163
	126	Endeavor Group Holdings, Inc. - Class A (a)		2,974
	18	Liberty Media Corp. - Liberty Formula One - Class A (a)		1,157
	128	Liberty Media Corp. - Liberty Formula One - Class C (a)		9,293
	73	Live Nation Entertainment, Inc. (a)		6,406
	436	Netflix, Inc. (a)		191,391
	126	Roku, Inc. (a)		12,130
	111	Spotify Technology S.A. ADR (a)(b)		16,585
	576	Walt Disney Co. (a)		51,201
	126	Warner Music Group Corp. - Class A		3,975
	38	World Wrestling Entertainment, Inc. - Class A		3,990
				299,265
Multi-Sector Holdings - 0.9%
	772	Berkshire Hathaway, Inc. - Class B (a)		271,713

Multi-Utilities - 0.1%
	57	Ameren Corp.		4,883
	126	CMS Energy Corp.		7,695
	18	DTE Energy Co.		2,057
	126	Sempra		18,777
	111	WEC Energy Group, Inc.		9,974
				43,386
Office Services & Supplies - 0.0% (c)
	36	MSA Safety, Inc.		5,976

Oil & Gas Equipment & Services - 0.3%
	198	ChampionX Corp.		7,049

The accompanying notes are an integral part of these financial statements.

Strive 1000 Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	234	Halliburton Co.	$	9,145
	453	NOV, Inc.		9,096
	991	Schlumberger N.V. ADR (b)		57,815
				83,105
Oil & Gas Exploration & Production - 0.3%
	274	ConocoPhillips		32,255
	272	Hess Corp.		41,271
	38	Matador Resources Co.		2,114
	5	Texas Pacific Land Corp.		7,532
				83,172
Oil & Gas Storage & Transportation - 0.1%
	91	Cheniere Energy, Inc.		14,729
	54	New Fortress Energy, Inc.		1,542
	72	ONEOK, Inc.		4,827
	216	Targa Resources Corp.		17,710
				38,808
Other Specialty Retail - 0.2%
	90	Chewy, Inc. - Class A (a)		3,051
	20	Dick’s Sporting Goods, Inc.		2,820
	54	Five Below, Inc. (a)		11,250
	108	Tractor Supply Co.		24,191
	48	Ulta Beauty, Inc. (a)		21,350
				62,662
Packaged Foods & Meats - 0.6%
	74	Campbell Soup Co.		3,391
	36	Conagra Brands, Inc.		1,181
	72	Flowers Foods, Inc.		1,779
	309	General Mills, Inc.		23,095
	144	Hershey Co.		33,309
	180	Hormel Foods Corp.		7,358
	19	J M Smucker Co.		2,862
	39	Kellogg Co.		2,609
	144	Lamb Weston Holdings, Inc.		14,923
	18	Lancaster Colony Corp.		3,467
	166	McCormick & Co., Inc.		14,854
	831	Mondelez International, Inc. - Class A		61,602
				170,430
Paper & Plastic Packaging Products & Materials - 0.1%
	147	Amcor PLC ADR (b)		1,508
	56	Avery Dennison Corp.		10,305
	144	Graphic Packaging Holding Co.		3,485
	57	Sealed Air Corp.		2,600
				17,898
Passenger Ground Transportation - 0.3%
	288	Lyft, Inc. - Class A (a)		3,660
	1,893	Uber Technologies, Inc. (a)		93,628
				97,288

The accompanying notes are an integral part of these financial statements.

Strive 1000 Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Personal Care Products - 0.2%
	146	BellRing Brands, Inc. (a)	$	5,249
	216	Estee Lauder Cos., Inc. - Class A		38,880
	98	Kenvue, Inc. (a)		2,321
	90	Olaplex Holdings, Inc. (a)		324
				46,774
Pharmaceuticals - 3.6%
	631	Bristol-Myers Squibb Co.		39,242
	162	Catalent, Inc. (a)		7,860
	848	Eli Lilly & Co.		385,458
	38	Jazz Pharmaceuticals PLC ADR (a)(b)		4,956
	1,587	Johnson & Johnson		265,870
	1,783	Merck & Co., Inc.		190,157
	1,800	Pfizer, Inc.		64,908
	288	Royalty Pharma PLC - Class A ADR (b)		9,037
	415	Zoetis, Inc.		78,057
				1,045,545
Property & Casualty Insurance - 0.5%
	202	Arch Capital Group Ltd. ADR (a)(b)		15,693
	127	Chubb Ltd. ADR (b)		25,960
	37	Cincinnati Financial Corp.		3,980
	18	Erie Indemnity Co. - Class A		3,995
	19	Kinsale Capital Group, Inc.		7,080
	10	Markel Group, Inc. (a)		14,497
	577	Progressive Corp.		72,690
	36	RLI Corp.		4,803
	18	Selective Insurance Group, Inc.		1,857
	126	W.R. Berkley Corp.		7,773
				158,328
Publishing - 0.0% (c)
	126	New York Times Co. - Class A		5,136
	18	News Corp. - Class B		362
	146	News Corp. - Class A		2,894
				8,392
Rail Transportation - 0.6%
	1,545	CSX Corp.		51,479
	144	Norfolk Southern Corp.		33,637
	331	Union Pacific Corp.		76,799
				161,915
Real Estate Development - 0.0% (c)
	18	Howard Hughes Corp. (a)		1,520

Real Estate Services - 0.2%
	164	CBRE Group, Inc. - Class A (a)		13,663
	396	CoStar Group, Inc. (a)		33,252
	2	Zillow Group, Inc. - Class A (a)		106
	20	Zillow Group, Inc. - Class C (a)		1,083
				48,104

The accompanying notes are an integral part of these financial statements.

Strive 1000 Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Regional Banks - 0.0% (c)
	54	Commerce Bancshares, Inc.	$	2,872
	18	Cullen/Frost Bankers, Inc.		1,954
	144	First Financial Bankshares, Inc.		4,693
				9,519
Renewable Electricity - 0.0% (c)
	37	NextEra Energy Partners LP		2,015

Research & Consulting Services - 0.5%
	127	Booz Allen Hamilton Holding Corp.		15,377
	11	CACI International, Inc. - Class A (a)		3,855
	252	Clarivate PLC ADR (a)(b)		2,397
	252	Dun & Bradstreet Holdings, Inc.		2,979
	126	Equifax, Inc.		25,714
	36	FTI Consulting, Inc. (a)		6,306
	92	Jacobs Solutions, Inc.		11,538
	146	KBR, Inc.		8,978
	90	Leidos Holdings, Inc.		8,418
	18	Science Applications International Corp.		2,184
	198	TransUnion		15,779
	147	Verisk Analytics, Inc.		33,654
				137,179
Restaurants - 1.4%
	18	Aramark		727
	28	Chipotle Mexican Grill, Inc. (a)		54,944
	47	Darden Restaurants, Inc.		7,939
	36	Domino’s Pizza, Inc.		14,283
	306	DoorDash, Inc. - Class A (a)		27,782
	36	Dutch Bros, Inc. - Class A (a)		1,116
	529	McDonald’s Corp.		155,103
	1,027	Starbucks Corp.		104,312
	54	Texas Roadhouse, Inc.		6,024
	126	Wendy’s Co.		2,708
	253	Yum! Brands, Inc.		34,831
				409,769
Semiconductor Materials & Equipment - 1.2%
	786	Applied Materials, Inc.		119,150
	128	Enphase Energy, Inc. (a)		19,434
	144	Entegris, Inc.		15,798
	137	KLA Corp.		70,411
	126	Lam Research Corp.		90,530
	18	MKS Instruments, Inc.		1,965
	54	SolarEdge Technologies, Inc. (a)		13,039
	162	Teradyne, Inc.		18,296
				348,623
Semiconductors - 7.9%
	1,598	Advanced Micro Devices, Inc. (a)		182,811
	396	Analog Devices, Inc.		79,014

The accompanying notes are an integral part of these financial statements.

Strive 1000 Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	407	Broadcom, Inc.	$	365,751
	54	Cirrus Logic, Inc. (a)		4,363
	100	First Solar, Inc. (a)		20,740
	72	GLOBALFOUNDRIES, Inc. ADR (a)(b)		4,586
	144	Lattice Semiconductor Corp. (a)		13,095
	704	Marvell Technology, Inc.		45,852
	526	Microchip Technology, Inc.		49,412
	42	Monolithic Power Systems, Inc.		23,499
	2,366	NVIDIA Corp.		1,105,608
	253	NXP Semiconductors N.V. ADR (b)		56,414
	453	ON Semiconductor Corp. (a)		48,811
	72	Qorvo, Inc. (a)		7,921
	865	Qualcomm, Inc.		114,327
	36	Silicon Laboratories, Inc. (a)		5,369
	18	Skyworks Solutions, Inc.		2,059
	19	Synaptics, Inc. (a)		1,716
	788	Texas Instruments, Inc.		141,840
	36	Universal Display Corp.		5,252
	1	Wolfspeed, Inc. (a)		66
				2,278,506
Soft Drinks & Non-alcoholic Beverages - 1.6%
	36	Celsius Holdings, Inc. (a)		5,209
	2,985	Coca-Cola Co.		184,861
	20	Keurig Dr. Pepper, Inc.		680
	756	Monster Beverage Corp. (a)		43,462
	1,172	PepsiCo, Inc.		219,703
				453,915
Specialized Consumer Services - 0.0% (c)
	144	Service Corp. International		9,598

Specialized Finance - 0.0% (c)
	540	SoFi Technologies, Inc. (a)		6,183

Specialty Chemicals - 0.6%
	116	Albemarle Corp.		24,624
	18	Ashland, Inc.		1,644
	72	Axalta Coating Systems Ltd. ADR (a)(b)		2,304
	187	Ecolab, Inc.		34,247
	1,044	Ginkgo Bioworks Holdings, Inc. (a)(d)		2,620
	4	International Flavors & Fragrances, Inc.		338
	148	PPG Industries, Inc.		21,297
	111	RPM International, Inc.		11,467
	234	Sherwin-Williams Co.		64,701
				163,242
Systems Software - 10.3%
	216	Crowdstrike Holdings, Inc. - Class A (a)		34,919
	54	Dolby Laboratories, Inc. - Class A		4,785

The accompanying notes are an integral part of these financial statements.

Strive 1000 Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	696	Fortinet, Inc. (a)	$	54,093
	306	Gen Digital, Inc.		5,952
	82	Gitlab, Inc. - Class A (a)		4,070
	7,420	Microsoft Corp.		2,492,526
	18	Monday.com Ltd. ADR (a)(b)		3,254
	1,491	Oracle Corp.		174,790
	296	Palo Alto Networks, Inc. (a)		73,988
	198	SentinelOne, Inc. - Class A (a)		3,301
	203	ServiceNow, Inc. (a)		118,349
	90	Teradata Corp. (a)		5,117
	306	UiPath, Inc. - Class A (a)		5,532
	90	Zscaler, Inc. (a)		14,434
				2,995,110
Technology Distributors - 0.1%
	148	CDW Corp.		27,686

Technology Hardware, Storage & Peripherals - 10.1%
	14,875	Apple, Inc.		2,922,194
	54	NetApp, Inc.		4,213
	270	Pure Storage, Inc. - Class A (a)		9,987
				2,936,394
Trading Companies & Distributors - 0.4%
	542	Fastenal Co.		31,767
	90	Ferguson PLC ADR (b)		14,546
	36	SiteOne Landscape Supply, Inc. (a)		6,120
	48	United Rentals, Inc.		22,305
	22	Watsco, Inc.		8,320
	45	W.W. Grainger, Inc.		33,232
				116,290
Transaction & Payment Processing Services - 3.4%
	180	Affirm Holdings, Inc. (a)		3,490
	524	Block, Inc. (a)		42,198
	19	Euronet Worldwide, Inc. (a)		1,670
	578	Fiserv, Inc. (a)		72,949
	72	FleetCor Technologies, Inc. (a)		17,922
	94	Global Payments, Inc.		10,364
	72	Jack Henry & Associates, Inc.		12,065
	837	Mastercard, Inc. - Class A		330,012
	1,120	PayPal Holdings, Inc. (a)		84,918
	452	Toast, Inc. - Class A (a)		9,976
	1,607	Visa, Inc. - Class A		382,032
	41	WEX, Inc. (a)		7,763
				975,359
Water Utilities - 0.1%
	159	American Water Works Co., Inc.		23,441
	180	Essential Utilities, Inc.		7,612
				31,053

The accompanying notes are an integral part of these financial statements.

Strive 1000 Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Wireless Telecommunication Services - 0.2%
	398	T-Mobile US, Inc. (a)	$	54,832
		TOTAL COMMON STOCKS (Cost $25,160,794)		28,309,737

REAL ESTATE INVESTMENT TRUSTS - 2.1%
Data Center REITs - 0.3%
	163	Digital Realty Trust, Inc.		20,313
	93	Equinix, Inc.		75,323
				95,636
Health Care REITs - 0.0% (c)
	163	Healthpeak Properties, Inc.		3,558
	92	Welltower, Inc.		7,558
				11,116
Industrial REITs - 0.5%
	1	Americold Realty Trust, Inc.		32
	36	EastGroup Properties, Inc.		6,378
	126	First Industrial Realty Trust, Inc.		6,514
	915	Prologis, Inc.		114,146
	180	Rexford Industrial Realty, Inc.		9,916
	108	STAG Industrial, Inc.		3,920
				140,906
Multi-Family Residential REITs - 0.2%
	146	Apartment Income REIT Corp.		5,043
	55	AvalonBay Communities, Inc.		10,376
	90	Camden Property Trust		9,818
	110	Equity Residential		7,253
	19	Essex Property Trust, Inc.		4,627
	91	Mid-America Apartment Communities, Inc.		13,619
	148	UDR, Inc.		6,050
				56,786
Other Specialized REITs - 0.1%
	21	Gaming and Leisure Properties, Inc.		997
	200	Iron Mountain, Inc.		12,280
	18	Lamar Advertising Co. - Class A		1,777
				15,054
Retail REITs - 0.1%
	36	Agree Realty Corp.		2,332
	18	Federal Realty Investment Trust		1,827
	18	NNN REIT, Inc.		768
	144	Realty Income Corp.		8,780
	36	Regency Centers Corp.		2,359
				16,066
Self-Storage REITs - 0.2%
	162	CubeSmart		7,024
	141	Extra Space Storage, Inc.		19,710
	38	National Storage Affiliates Trust		1,284
	65	Public Storage		18,314
				46,332

The accompanying notes are an integral part of these financial statements.

Strive 1000 Growth ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Single-Family Residential REITs - 0.2%
	288	American Homes 4 Rent - Class A	$	10,794
	162	Equity LifeStyle Properties, Inc.		11,531
	612	Invitation Homes, Inc.		21,726
	126	Sun Communities, Inc.		16,418
				60,469
Telecom Tower REITs - 0.5%
	463	American Tower Corp.		88,114
	410	Crown Castle, Inc.		44,399
	108	SBA Communications Corp.		23,647
				156,160
Timber REITs - 0.0% (c)
	90	Rayonier, Inc.		2,981
		TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $592,970)		601,506

INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.0%
	6,750	First American Government Obligations Fund - Class X, 5.14% (e)		6,750
		TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $6,750)		6,750

MONEY MARKET FUNDS - 0.2%
	58,485	First American Government Obligations Fund - Class X, 5.14% (e)		58,485
		TOTAL MONEY MARKET FUNDS (Cost $58,485)		58,485

		TOTAL INVESTMENTS (Cost $25,818,999) - 100.0%	$	28,976,478
		Other Assets in Excess of Liabilities - 0.0% (c)		1,238
		TOTAL NET ASSETS - 100.0%	$	28,977,716

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

	(a)	Non-income producing security.
	(b)	Foreign issued security.
	(c)	Represents less than 0.05% of net assets.
	(d)	This security or a portion of this security was out on loan as of July 31, 2023. Total loaned securities had a market value of $6,697 as of July 31, 2023.
	(e)	Rate shown is the 7-day effective yield.

The Global Industry Classification Standard (GICS^®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor 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.

Strive 1000 Value ETF

Schedule of Investments

July 31, 2023

Shares			Value
COMMON STOCKS - 95.5%
Advertising - 0.2%
	442	Interpublic Group of Cos., Inc.	$	15,129
	267	Omnicom Group, Inc.		22,593
				37,722
Aerospace & Defense - 3.2%
	793	Boeing Co. (a)		189,407
	26	BWX Technologies, Inc.		1,793
	13	Curtiss-Wright Corp.		2,487
	184	General Dynamics Corp.		41,138
	92	Hexcel Corp.		6,502
	260	Howmet Aerospace, Inc.		13,295
	26	Huntington Ingalls Industries, Inc.		5,971
	105	L3Harris Technologies, Inc.		19,896
	132	Lockheed Martin Corp.		58,921
	27	Northrop Grumman Corp.		12,015
	1,937	RTX Corp.		170,320
	171	Textron, Inc.		13,299
	8	TransDigm Group, Inc.		7,198
	40	Woodward, Inc.		4,815
				547,057
Agricultural & Farm Machinery - 0.1%
	69	AGCO Corp.		9,184

Agricultural Products & Services - 0.5%
	627	Archer-Daniels-Midland Co.		53,270
	195	Bunge Ltd. ADR (b)		21,191
	26	Darling Ingredients, Inc. (a)		1,801
	78	Ingredion, Inc.		8,678
				84,940
Air Freight & Logistics - 1.3%
	119	CH Robinson Worldwide, Inc.		11,921
	39	Expeditors International of Washington, Inc.		4,965
	304	FedEx Corp.		82,065
	108	GXO Logistics, Inc. (a)		7,244
	606	United Parcel Service, Inc. - Class B		113,401
				219,596
Alternative Carriers - 0.0% (c)
	1,300	Lumen Technologies, Inc.		2,327

Aluminum - 0.0% (c)
	234	Alcoa Corp.		8,468

Apparel Retail - 0.0% (c)
	338	Gap, Inc.		3,481
	2	Ross Stores, Inc.		229
				3,710

The accompanying notes are an integral part of these financial statements.

Strive 1000 Value ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Apparel, Accessories & Luxury Goods - 0.3%
	144	Capri Holdings Ltd. ADR (a)(b)	$	5,315
	14	Columbia Sportswear Co.		1,101
	117	Levi Strauss & Co. - Class A		1,763
	81	PVH Corp.		7,261
	52	Ralph Lauren Corp.		6,829
	288	Tapestry, Inc.		12,427
	91	Under Armour, Inc. - Class C (a)		675
	78	Under Armour, Inc. - Class A (a)		629
	442	VF Corp.		8,756
				44,756
Application Software - 0.1%
	42	ACI Worldwide, Inc. (a)		974
	13	Aspen Technology, Inc. (a)		2,321
	80	Guidewire Software, Inc. (a)		6,786
	13	Procore Technologies, Inc. (a)		986
	13	Roper Technologies, Inc.		6,410
				17,477
Asset Management & Custody Banks - 1.8%
	39	Affiliated Managers Group, Inc.		5,407
	57	Ameriprise Financial, Inc.		19,862
	1,003	Bank of New York Mellon Corp.		45,496
	82	BlackRock, Inc.		60,586
	300	Blackstone, Inc.		31,437
	52	Blue Owl Capital, Inc.		641
	325	Carlyle Group, Inc.		11,586
	377	Franklin Resources, Inc.		11,023
	572	Invesco Ltd. ADR (b)		9,610
	287	KKR & Co., Inc.		17,042
	260	Northern Trust Corp.		20,831
	65	SEI Investments Co.		4,094
	420	State Street Corp.		30,425
	286	T. Rowe Price Group, Inc.		35,252
	26	TPG, Inc.		765
				304,057
Automobile Manufacturers - 0.8%
	5,148	Ford Motor Co.		68,005
	1,783	General Motors Co.		68,414
	78	Lucid Group, Inc. (a)		594
	65	Thor Industries, Inc.		7,507
				144,520
Automotive Parts & Equipment - 0.3%
	156	Aptiv PLC ADR (a)(b)		17,080
	312	BorgWarner, Inc.		14,508
	134	Gentex Corp.		4,500
	78	Lear Corp.		12,071
	62	Phinia, Inc. (a)		1,748
				49,907

The accompanying notes are an integral part of these financial statements.

Strive 1000 Value ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Automotive Retail - 0.3%
	68	Advance Auto Parts, Inc.	$	5,059
	52	AutoNation, Inc. (a)		8,371
	199	CarMax, Inc. (a)		16,439
	35	Lithia Motors, Inc.		10,869
	14	Murphy USA, Inc.		4,298
	27	Penske Automotive Group, Inc.		4,358
	147	Valvoline, Inc.		5,582
				54,976
Biotechnology - 2.1%
	906	AbbVie, Inc.		135,519
	235	Amgen, Inc.		55,025
	130	Biogen, Inc. (a)		35,125
	54	Exelixis, Inc. (a)		1,064
	1,263	Gilead Sciences, Inc.		96,165
	118	Ionis Pharmaceuticals, Inc. (a)		4,889
	34	Karuna Therapeutics, Inc. (a)		6,792
	96	Sarepta Therapeutics, Inc. (a)		10,405
	66	Seagen, Inc. (a)		12,657
	27	United Therapeutics Corp. (a)		6,553
				364,194
Brewers - 0.1%
	234	Molson Coors Beverage Co. - Class B		16,326

Broadcasting - 0.2%
	403	Fox Corp. - Class A		13,480
	182	Fox Corp. - Class B		5,717
	42	Nexstar Media Group, Inc.		7,842
	650	Paramount Global - Class B		10,420
	13	Paramount Global - Class A		250
				37,709
Broadline Retail - 0.2%
	2	Dillard’s, Inc. - Class A		686
	377	eBay, Inc.		16,780
	169	Kohl’s Corp.		4,808
	338	Macy’s, Inc.		5,607
				27,881
Building Products - 0.8%
	53	A.O. Smith Corp.		3,849
	26	Allegion PLC ADR (b)		3,038
	13	Armstrong World Industries, Inc.		1,006
	176	Builders FirstSource, Inc. (a)		25,420
	3	Carlisle Cos., Inc.		832
	368	Carrier Global Corp.		21,914
	157	Fortune Brands Innovations, Inc.		11,158
	238	Johnson Controls International PLC ADR (b)		16,553
	16	Lennox International, Inc.		5,879
	211	Masco Corp.		12,803

The accompanying notes are an integral part of these financial statements.

Strive 1000 Value ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	117	Owens Corning	$	16,379
	78	Trane Technologies PLC ADR (b)		15,556
				134,387
Cable & Satellite - 1.7%
	5	Cable One, Inc.		3,620
	52	Charter Communications, Inc. - Class A (a)		21,070
	5,527	Comcast Corp. - Class A		250,152
	325	DISH Network Corp. - Class A (a)		2,577
	195	Liberty Media Corp. - Liberty SiriusXM - Class C (a)		6,207
	104	Liberty Media Corp. - Liberty SiriusXM - Class A (a)		3,297
	585	Sirius XM Holdings, Inc.		2,984
				289,907
Cargo Ground Transportation - 0.1%
	169	Knight-Swift Transportation Holdings, Inc.		10,267
	15	Landstar System, Inc.		3,054
	53	U-Haul Holding Co.		3,079
	143	XPO, Inc. (a)		9,901
				26,301
Casinos & Gaming - 0.5%
	52	Boyd Gaming Corp.		3,553
	183	Caesars Entertainment, Inc. (a)		10,801
	496	Las Vegas Sands Corp.		29,666
	340	MGM Resorts International		17,262
	208	Penn Entertainment, Inc. (a)		5,468
	130	Wynn Resorts Ltd.		14,167
				80,917
Commercial & Residential Mortgage Finance - 0.1%
	130	Essent Group Ltd. ADR (b)		6,448
	390	MGIC Investment Corp.		6,529
	221	Radian Group, Inc.		5,952
	143	Rocket Cos., Inc. - Class A (a)(d)		1,563
	65	TFS Financial Corp.		943
	104	UWM Holdings Corp.		682
				22,117
Commodity Chemicals - 0.6%
	940	Dow, Inc.		53,082
	347	LyondellBasell Industries N.V. - Class A ADR (b)		34,304
	78	Olin Corp.		4,499
	39	Westlake Corp.		5,363
				97,248
Communications Equipment - 1.1%
	3,272	Cisco Systems, Inc.		170,275
	29	F5, Inc. (a)		4,589
	238	Juniper Networks, Inc.		6,616
	40	Lumentum Holdings, Inc. (a)		2,094
	18	Motorola Solutions, Inc.		5,159
				188,733

The accompanying notes are an integral part of these financial statements.

Strive 1000 Value ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Computer & Electronics Retail - 0.2%
	260	Best Buy Co., Inc.	$	21,593
	339	GameStop Corp. - Class A (a)(d)		7,526
				29,119
Construction & Engineering - 0.1%
	56	AECOM		4,872
	26	EMCOR Group, Inc.		5,591
	42	MasTec, Inc. (a)		4,946
	260	MDU Resources Group, Inc.		5,751
				21,160
Construction Machinery & Heavy Transportation Equipment - 1.2%
	130	Allison Transmission Holdings, Inc.		7,630
	273	Caterpillar, Inc.		72,391
	143	Cummins, Inc.		37,294
	78	Oshkosh Corp.		7,181
	683	PACCAR, Inc.		58,827
	144	Westinghouse Air Brake Technologies Corp.		17,055
				200,378
Construction Materials - 0.0% (c)
	4	Eagle Materials, Inc.		737
	65	Knife River Corp. (a)		2,826
				3,563
Consumer Electronics - 0.0% (c)
	79	Garmin Ltd. ADR (b)		8,365

Consumer Finance - 1.2%
	342	Ally Financial, Inc.		10,445
	456	American Express Co.		77,009
	500	Capital One Financial Corp.		58,510
	1	Credit Acceptance Corp. (a)		557
	334	Discover Financial Services		35,254
	159	OneMain Holdings, Inc.		7,231
	286	SLM Corp.		4,627
	563	Synchrony Financial		19,446
				213,079
Consumer Staples Merchandise Retail - 1.4%
	92	BJ’s Wholesale Club Holdings, Inc. (a)		6,101
	41	Dollar Tree, Inc. (a)		6,328
	355	Target Corp.		48,447
	1,088	Walmart, Inc.		173,928
				234,804
Copper - 0.3%
	1,085	Freeport-McMoRan, Inc.		48,445

Data Processing & Outsourced Services - 0.1%
	3	Broadridge Financial Solutions, Inc.		504
	26	Concentrix Corp.		2,164

The accompanying notes are an integral part of these financial statements.

Strive 1000 Value ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	16	Genpact Ltd. ADR (b)	$	577
	26	Maximus, Inc.		2,178
	106	SS&C Technologies Holdings, Inc.		6,175
				11,598
Distillers & Vintners - 0.1%
	54	Constellation Brands, Inc. - Class A		14,731

Distributors - 0.1%
	66	Genuine Parts Co.		10,278
	212	LKQ Corp.		11,615
				21,893
Diversified Banks - 8.5%
	9,168	Bank of America Corp.		293,376
	2,499	Citigroup, Inc.		119,102
	169	Comerica, Inc.		9,119
	871	Fifth Third Bancorp		25,346
	13	First Citizens BancShares, Inc. - Class A		18,607
	3,804	JPMorgan Chase & Co.		600,880
	1,183	KeyCorp		14,563
	525	PNC Financial Services Group, Inc.		71,867
	1,942	U.S. Bancorp		77,059
	4,972	Wells Fargo & Co.		229,508
				1,459,427
Diversified Chemicals - 0.0% (c)
	234	Huntsman Corp.		6,966

Diversified Financial Services - 0.3%
	248	Apollo Global Management, Inc.		20,264
	95	Corebridge Financial, Inc.		1,777
	494	Equitable Holdings, Inc.		14,173
	130	Voya Financial, Inc.		9,654
				45,868
Drug Retail - 0.1%
	938	Walgreens Boots Alliance, Inc.		28,112

Education Services - 0.0% (c)
	32	Bright Horizons Family Solutions, Inc. (a)		3,105

Electric Utilities - 3.7%
	238	Alliant Energy Corp.		12,790
	666	American Electric Power Co., Inc.		56,437
	91	Avangrid, Inc.		3,374
	1,016	Duke Energy Corp.		95,118
	494	Edison International		35,548
	282	Entergy Corp.		28,961
	290	Evergy, Inc.		17,391
	351	Eversource Energy		25,388

The accompanying notes are an integral part of these financial statements.

Strive 1000 Value ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	1,277	Exelon Corp.	$	53,455
	702	FirstEnergy Corp.		27,652
	130	Hawaiian Electric Industries, Inc.		4,991
	52	IDACORP, Inc.		5,347
	536	NextEra Energy, Inc.		39,289
	299	NRG Energy, Inc.		11,359
	260	OGE Energy Corp.		9,399
	2,475	PG&E Corp. (a)		43,585
	143	Pinnacle West Capital Corp.		11,843
	91	PNM Resources, Inc.		4,079
	117	Portland General Electric Co.		5,577
	923	PPL Corp.		25,410
	1,239	Southern Co.		89,629
	507	Xcel Energy, Inc.		31,804
				638,426
Electrical Components & Equipment - 0.6%
	15	Acuity Brands, Inc.		2,479
	78	ChargePoint Holdings, Inc. (a)(d)		675
	215	Eaton Corp. PLC ADR (b)		44,144
	301	Emerson Electric Co.		27,496
	15	Hubbell, Inc.		4,680
	104	nVent Electric PLC ADR (b)		5,500
	78	Regal Rexnord Corp.		12,182
	134	Sensata Technologies Holding PLC ADR (b)		5,662
	260	Sunrun, Inc. (a)		4,935
				107,753
Electronic Components - 0.2%
	81	Coherent Corp. (a)		3,836
	977	Corning, Inc.		33,159
	9	Littelfuse, Inc.		2,741
				39,736
Electronic Equipment & Instruments - 0.1%
	42	Cognex Corp.		2,294
	27	National Instruments Corp.		1,593
	227	Vontier Corp.		7,021
				10,908
Electronic Manufacturing Services - 0.4%
	585	Flex Ltd. ADR (a)(b)		16,006
	26	IPG Photonics Corp. (a)		3,418
	174	Jabil, Inc.		19,257
	208	TE Connectivity Ltd. ADR (b)		29,846
				68,527
Environmental & Facilities Services - 0.1%
	29	Republic Services, Inc.		4,382
	104	Stericycle, Inc. (a)		4,419
	13	Waste Management, Inc.		2,129
				10,930

The accompanying notes are an integral part of these financial statements.

Strive 1000 Value ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Fertilizers & Agricultural Chemicals - 0.3%
	250	CF Industries Holdings, Inc.	$	20,520
	171	Corteva, Inc.		9,650
	41	FMC Corp.		3,945
	442	Mosaic Co.		18,016
	52	Scotts Miracle-Gro Co.		3,642
				55,773
Financial Exchanges & Data - 0.5%
	391	CME Group, Inc.		77,793
	139	Intercontinental Exchange, Inc.		15,957
				93,750
Food Distributors - 0.2%
	195	Performance Food Group Co. (a)		11,653
	182	Sysco Corp.		13,888
	263	US Foods Holding Corp. (a)		11,238
				36,779
Food Retail - 0.3%
	397	Albertsons Cos., Inc. - Class A		8,627
	16	Casey’s General Stores, Inc.		4,043
	859	Kroger Co.		41,782
				54,452
Footwear - 0.0% (c)
	105	Skechers USA, Inc. - Class A (a)		5,836

Gas Utilities - 0.2%
	147	Atmos Energy Corp.		17,891
	130	National Fuel Gas Co.		6,904
	273	UGI Corp.		7,368
				32,163
Gold - 0.2%
	964	Newmont Corp.		41,375

Health Care Distributors - 0.9%
	221	AmerisourceBergen Corp.		41,305
	345	Cardinal Health, Inc.		31,557
	78	Henry Schein, Inc. (a)		6,146
	176	McKesson Corp.		70,822
				149,830
Health Care Equipment - 1.4%
	354	Baxter International, Inc.		16,011
	126	Becton Dickinson & Co.		35,106
	93	Envista Holdings Corp. (a)		3,200
	81	GE HealthCare Technologies, Inc.		6,318
	28	Hologic, Inc. (a)		2,224
	13	Integra LifeSciences Holdings Corp. (a)		591
	1,659	Medtronic PLC ADR (b)		145,594
	56	QuidelOrtho Corp. (a)		4,892

The accompanying notes are an integral part of these financial statements.

Strive 1000 Value ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	9	Teleflex, Inc.	$	2,261
	160	Zimmer Biomet Holdings, Inc.		22,104
				238,301
Health Care Facilities - 0.4%
	30	Acadia Healthcare Co., Inc. (a)		2,371
	104	Encompass Health Corp.		6,867
	163	HCA Healthcare, Inc.		44,468
	143	Tenet Healthcare Corp. (a)		10,686
	78	Universal Health Services, Inc. - Class B		10,839
				75,231
Health Care Services - 1.5%
	261	Cigna Group		77,021
	1,788	CVS Health Corp.		133,546
	65	DaVita, Inc. (a)		6,629
	93	Laboratory Corp. of America Holdings		19,895
	104	Premier, Inc. - Class A		2,886
	80	Quest Diagnostics, Inc.		10,817
	119	R1 RCM, Inc. (a)		2,056
				252,850
Health Care Supplies - 0.1%
	234	Dentsply Sirona, Inc.		9,716
	9	ICU Medical, Inc. (a)		1,604
				11,320
Health Care Technology - 0.0% (c)
	65	Teladoc Health, Inc. (a)		1,935

Home Furnishings - 0.1%
	169	Leggett & Platt, Inc.		4,945
	65	Mohawk Industries, Inc. (a)		6,912
	17	Tempur Sealy International, Inc.		759
				12,616
Home Improvement Retail - 0.2%
	26	Home Depot, Inc.		8,680
	156	Lowe’s Cos., Inc.		36,546
				45,226
Homebuilding - 0.8%
	408	D.R. Horton, Inc.		51,824
	325	Lennar Corp. - Class A		41,220
	13	Lennar Corp. - Class B		1,494
	1	NVR, Inc. (a)		6,306
	299	PulteGroup, Inc.		25,233
	143	Toll Brothers, Inc.		11,487
	14	TopBuild Corp. (a)		3,835
				141,399

The accompanying notes are an integral part of these financial statements.

Strive 1000 Value ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Homefurnishing Retail - 0.1%
	2	RH (a)	$	776
	91	Wayfair, Inc. - Class A (a)		7,086
	84	Williams-Sonoma, Inc.		11,646
				19,508
Hotels, Resorts & Cruise Lines - 0.7%
	2	Booking Holdings, Inc. (a)		5,942
	1,281	Carnival Corp. ADR (a)(b)		24,134
	195	Expedia Group, Inc. (a)		23,893
	55	Hyatt Hotels Corp. - Class A		6,949
	41	Marriott Vacations Worldwide Corp.		5,269
	533	Norwegian Cruise Line Holdings Ltd. ADR (a)(b)		11,763
	286	Royal Caribbean Cruises Ltd. ADR (a)(b)		31,205
	104	Travel + Leisure Co.		4,236
	65	Wyndham Hotels & Resorts, Inc.		5,065
				118,456
Household Appliances - 0.1%
	74	Whirlpool Corp.		10,675

Household Products - 0.8%
	27	Church & Dwight Co., Inc.		2,583
	65	Clorox Co.		9,846
	286	Colgate-Palmolive Co.		21,810
	221	Kimberly-Clark Corp.		28,531
	521	Procter & Gamble Co.		81,432
	39	Reynolds Consumer Products, Inc.		1,080
				145,282
Housewares & Specialties - 0.0% (c)
	481	Newell Brands, Inc.		5,368

Human Resource & Employment Services - 0.1%
	65	ManpowerGroup, Inc.		5,127
	13	Paychex, Inc.		1,631
	104	Robert Half International, Inc.		7,712
	13	TriNet Group, Inc. (a)		1,368
				15,838
Independent Power Producers & Energy Traders - 0.1%
	574	AES Corp.		12,416
	340	Vistra Corp.		9,540
				21,956
Industrial Conglomerates - 1.5%
	729	3M Co.		81,284
	1,253	General Electric Co.		143,143
	221	Honeywell International, Inc.		42,903
				267,330

The accompanying notes are an integral part of these financial statements.

100

Strive 1000 Value ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Industrial Gases - 0.0% (c)
	1	Air Products and Chemicals, Inc.	$	305

Industrial Machinery & Supplies & Components - 0.9%
	52	Crane Co.		4,872
	52	Crane NXT Co.		3,076
	29	Donaldson Co., Inc.		1,822
	39	Dover Corp.		5,693
	162	Flowserve Corp.		6,117
	261	Fortive Corp.		20,449
	143	Gates Industrial Corp. PLC ADR (a)(b)		1,948
	65	Illinois Tool Works, Inc.		17,116
	66	Ingersoll Rand, Inc.		4,308
	42	ITT, Inc.		4,183
	5	Lincoln Electric Holdings, Inc.		1,004
	15	Middleby Corp. (a)		2,278
	107	Otis Worldwide Corp.		9,733
	57	Parker-Hannifin Corp.		23,371
	130	Pentair PLC ADR (b)		9,035
	52	Snap-on, Inc.		14,167
	195	Stanley Black & Decker, Inc.		19,358
				148,530
Insurance Brokers - 0.0% (c)
	6	Aon PLC - Class A ADR (b)		1,911
	13	Arthur J. Gallagher & Co.		2,792
	13	Willis Towers Watson PLC ADR (b)		2,747
				7,450
Integrated Oil & Gas - 5.5%
	2,158	Chevron Corp.		353,178
	5,026	Exxon Mobil Corp.		538,988
	886	Occidental Petroleum Corp.		55,933
				948,099
Integrated Telecommunication Services - 1.8%
	9,403	AT&T, Inc.		136,532
	312	Frontier Communications Parent, Inc. (a)		5,682
	5,125	Verizon Communications, Inc.		174,660
				316,874
Interactive Home Entertainment - 0.1%
	117	Activision Blizzard, Inc.		10,853
	5	Electronic Arts, Inc.		682
	121	Playtika Holding Corp. (a)		1,445
				12,980
Interactive Media & Services - 2.5%
	65	Bumble, Inc. - Class A (a)		1,204
	95	IAC, Inc. (a)		6,612
	364	Match Group, Inc. (a)		16,930

The accompanying notes are an integral part of these financial statements.

101

Strive 1000 Value ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	1,263	Meta Platforms, Inc. - Class A (a)	$	402,392
	26	Ziff Davis, Inc. (a)		1,886
				429,024
Internet Services & Infrastructure - 0.0% (c)
	7	Akamai Technologies, Inc. (a)		662

Investment Banking & Brokerage - 2.1%
	39	Evercore, Inc. - Class A		5,267
	438	Goldman Sachs Group, Inc.		155,871
	130	Interactive Brokers Group, Inc. - Class A		11,353
	208	Jefferies Financial Group, Inc.		7,652
	143	Lazard Ltd. - Class A ADR (b)		5,019
	1,695	Morgan Stanley		155,194
	41	Raymond James Financial, Inc.		4,513
	903	Robinhood Markets, Inc. - Class A (a)		11,613
	130	Stifel Financial Corp.		8,260
	130	Virtu Financial, Inc. - Class A		2,413
				367,155
IT Consulting & Other Services - 1.3%
	65	Amdocs Ltd. ADR (b)		6,087
	562	Cognizant Technology Solutions Corp. - Class A		37,109
	299	DXC Technology Co. (a)		8,267
	1,191	International Business Machines Corp.		171,718
				223,181
Leisure Products - 0.1%
	91	Brunswick Corp.		7,854
	169	Hasbro, Inc.		10,911
	52	Polaris, Inc.		7,064
				25,829
Life & Health Insurance - 1.1%
	599	Aflac, Inc.		43,332
	67	Globe Life, Inc.		7,515
	195	Lincoln National Corp.		5,468
	793	MetLife, Inc.		49,935
	28	Primerica, Inc.		5,956
	325	Principal Financial Group, Inc.		25,958
	481	Prudential Financial, Inc.		46,412
	221	Unum Group		10,743
				195,319
Life Sciences Tools & Services - 0.1%
	93	Fortrea Holdings, Inc. (a)		2,972
	143	Maravai LifeSciences Holdings, Inc. - Class A (a)		1,617
	131	Syneos Health, Inc. (a)		5,556
				10,145
Managed Health Care - 0.9%
	776	Centene Corp. (a)		52,838
	110	Elevance Health, Inc.		51,879

The accompanying notes are an integral part of these financial statements.

102

Strive 1000 Value ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	65	Humana, Inc.	$	29,694
	34	UnitedHealth Group, Inc.		17,217
				151,628
Metal, Glass & Plastic Containers - 0.2%
	26	AptarGroup, Inc.		3,158
	94	Ball Corp.		5,517
	152	Berry Global Group, Inc.		9,967
	107	Crown Holdings, Inc.		9,925
				28,567
Motorcycle Manufacturers - 0.0% (c)
	169	Harley-Davidson, Inc.		6,525

Movies & Entertainment - 1.2%
	663	AMC Entertainment Holdings, Inc. - Class A (a)(d)		3,295
	3	Atlanta Braves Holdings, Inc. - Class C (a)		107
	13	Liberty Media Corp. - Liberty Formula One - Class A (a)		836
	78	Liberty Media Corp. - Liberty Formula One - Class C (a)		5,663
	104	Live Nation Entertainment, Inc. (a)		9,126
	15	Madison Square Garden Sports Corp.		3,191
	1,646	Walt Disney Co. (a)		146,313
	2,968	Warner Bros Discovery, Inc. (a)		38,792
				207,323
Multi-line Insurance - 0.6%
	964	American International Group, Inc.		58,110
	66	Assurant, Inc.		8,878
	416	Hartford Financial Services Group, Inc.		29,902
				96,890
Multi-Sector Holdings - 1.3%
	659	Berkshire Hathaway, Inc. - Class B (a)		231,942

Multi-Utilities - 1.8%
	249	Ameren Corp.		21,332
	78	Black Hills Corp.		4,706
	852	CenterPoint Energy, Inc.		25,637
	247	CMS Energy Corp.		15,084
	463	Consolidated Edison, Inc.		43,920
	1,082	Dominion Energy, Inc.		57,941
	209	DTE Energy Co.		23,889
	520	NiSource, Inc.		14,477
	650	Public Service Enterprise Group, Inc.		41,028
	250	Sempra Energy		37,255
	250	WEC Energy Group, Inc.		22,465
				307,734
Office Services & Supplies - 0.0% (c)
	13	MSA Safety, Inc.		2,158

The accompanying notes are an integral part of these financial statements.

103

Strive 1000 Value ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Oil & Gas Equipment & Services - 0.6%
	1,301	Baker Hughes Co.	$	46,563
	768	Halliburton Co.		30,013
	537	Schlumberger Ltd. ADR (b)		31,329
				107,905
Oil & Gas Exploration & Production - 3.4%
	338	Antero Resources Corp. (a)		9,042
	429	APA Corp.		17,370
	160	Chesapeake Energy Corp.		13,494
	52	Chord Energy Corp.		8,156
	1,239	ConocoPhillips		145,855
	1,008	Coterra Energy, Inc.		27,760
	846	Devon Energy Corp.		45,684
	235	Diamondback Energy, Inc.		34,620
	772	EOG Resources, Inc.		102,313
	490	EQT Corp.		20,668
	822	Marathon Oil Corp.		21,594
	82	Matador Resources Co.		4,562
	195	Murphy Oil Corp.		8,438
	325	Ovintiv, Inc.		14,979
	124	PDC Energy, Inc.		9,410
	404	Permian Resources Corp.		4,723
	300	Pioneer Natural Resources Co.		67,701
	325	Range Resources Corp.		10,215
	1,404	Southwestern Energy Co. (a)		9,098
				575,682
Oil & Gas Refining & Marketing - 1.3%
	195	HF Sinclair Corp.		10,158
	586	Marathon Petroleum Corp.		77,950
	160	PBF Energy, Inc. - Class A		7,590
	604	Phillips 66		67,376
	488	Valero Energy Corp.		62,908
				225,982
Oil & Gas Storage & Transportation - 1.0%
	196	Cheniere Energy, Inc.		31,725
	130	DT Midstream, Inc.		6,958
	52	Hess Midstream LP - Class A		1,622
	2,627	Kinder Morgan, Inc.		46,524
	482	ONEOK, Inc.		32,313
	1,616	Williams Cos., Inc.		55,671
				174,813
Other Specialty Retail - 0.1%
	313	Bath & Body Works, Inc.		11,600
	39	Dick’s Sporting Goods, Inc.		5,499
				17,099

The accompanying notes are an integral part of these financial statements.

104

Strive 1000 Value ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Packaged Foods & Meats - 1.3%
	147	Campbell Soup Co.	$	6,736
	563	Conagra Brands, Inc.		18,472
	143	Flowers Foods, Inc.		3,534
	342	General Mills, Inc.		25,561
	171	Hormel Foods Corp.		6,990
	107	J.M. Smucker Co.		16,120
	276	Kellogg Co.		18,462
	1,062	Kraft Heinz Co.		38,423
	92	McCormick & Co., Inc.		8,232
	676	Mondelez International, Inc. - Class A		50,112
	52	Pilgrim’s Pride Corp. (a)		1,288
	66	Post Holdings, Inc. (a)		5,630
	364	Tyson Foods, Inc. - Class A		20,282
				219,842
Paper & Plastic Packaging Products & Materials - 0.5%
	1,732	Amcor PLC ADR (b)		17,770
	26	Avery Dennison Corp.		4,784
	241	Graphic Packaging Holding Co.		5,832
	481	International Paper Co.		17,345
	117	Packaging Corp. of America		17,942
	95	Sealed Air Corp.		4,334
	126	Sonoco Products Co.		7,389
	325	Westrock Co.		10,819
				86,215
Passenger Airlines - 0.2%
	39	Alaska Air Group, Inc. (a)		1,897
	208	American Airlines Group, Inc. (a)		3,484
	209	Delta Air Lines, Inc.		9,668
	182	Southwest Airlines Co.		6,217
	104	United Airlines Holdings, Inc. (a)		5,648
				26,914
Passenger Ground Transportation - 0.1%
	27	Avis Budget Group, Inc. (a)		5,948
	3,488	Grab Holdings Ltd. - Class A ADR (a)(b)		13,359
	185	Hertz Global Holdings, Inc. (a)		3,117
				22,424
Personal Care Products - 0.1%
	4	BellRing Brands, Inc. (a)		144
	455	Coty, Inc. - Class A (a)		5,478
	162	Kenvue, Inc. (a)		3,836
				9,458
Pharmaceuticals - 4.0%
	1,945	Bristol-Myers Squibb Co.		120,960
	26	Catalent, Inc. (a)		1,262
	614	Elanco Animal Health, Inc. (a)		7,411
	30	Jazz Pharmaceuticals PLC ADR (a)(b)		3,913
	1,332	Johnson & Johnson		223,150

The accompanying notes are an integral part of these financial statements.

105

Strive 1000 Value ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	984	Merck & Co., Inc.	$	104,944
	325	Organon & Co.		7,144
	169	Perrigo Co. PLC ADR (b)		6,192
	5,105	Pfizer, Inc.		184,086
	83	Royalty Pharma PLC - Class A ADR (b)		2,605
	1,547	Viatris, Inc.		16,290
				677,957
Property & Casualty Insurance - 1.7%
	344	Allstate Corp.		38,762
	91	American Financial Group, Inc.		11,067
	184	Arch Capital Group Ltd. ADR (a)(b)		14,295
	104	Axis Capital Holdings Ltd. ADR (b)		5,732
	370	Chubb Ltd. ADR (b)		75,632
	146	Cincinnati Financial Corp.		15,707
	338	Fidelity National Financial, Inc.		13,239
	130	First American Financial Corp.		8,239
	39	Hanover Insurance Group, Inc.		4,426
	251	Loews Corp.		15,725
	4	Markel Group, Inc. (a)		5,799
	364	Old Republic International Corp.		10,035
	13	RLI Corp.		1,734
	53	Selective Insurance Group, Inc.		5,469
	299	Travelers Cos., Inc.		51,610
	93	W.R. Berkley Corp.		5,737
				283,208
Publishing - 0.0% (c)
	15	New York Times Co. - Class A		611
	91	News Corp. - Class B		1,830
	290	News Corp. - Class A		5,748
				8,189
Rail Transportation - 0.8%
	654	CSX Corp.		21,791
	113	Norfolk Southern Corp.		26,396
	354	Union Pacific Corp.		82,135
				130,322
Real Estate Development - 0.0% (c)
	26	Howard Hughes Corp. (a)		2,195

Real Estate Services - 0.2%
	171	CBRE Group, Inc. - Class A (a)		14,246
	65	Jones Lang LaSalle, Inc. (a)		10,826
	41	Zillow Group, Inc. - Class A (a)		2,182
	171	Zillow Group, Inc. - Class C (a)		9,261
				36,515
Regional Banks - 1.6%
	143	Bank OZK		6,253
	39	BOK Financial Corp.		3,474
	637	Citizens Financial Group, Inc.		20,550

The accompanying notes are an integral part of these financial statements.

106

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Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	54	Commerce Bancshares, Inc.	$	2,872
	53	Cullen/Frost Bankers, Inc.		5,755
	182	East West Bancorp, Inc.		11,322
	29	First Financial Bankshares, Inc.		945
	689	First Horizon Corp.		9,391
	1,957	Huntington Bancshares, Inc.		23,954
	221	M&T Bank Corp.		30,909
	927	New York Community Bancorp, Inc.		12,857
	91	Pinnacle Financial Partners, Inc.		6,907
	91	Popular, Inc. ADR (b)		6,602
	117	Prosperity Bancshares, Inc.		7,408
	1,267	Regions Financial Corp.		25,809
	97	SouthState Corp.		7,534
	182	Synovus Financial Corp.		6,170
	1,718	Truist Financial Corp.		57,072
	169	United Bankshares, Inc.		5,651
	221	Webster Financial Corp.		10,458
	133	Western Alliance Bancorp		6,909
	78	Wintrust Financial Corp.		6,580
	195	Zions Bancorp NA		7,459
				282,841
Reinsurance - 0.3%
	66	Everest Group Ltd. ADR (b)		23,794
	91	Reinsurance Group of America, Inc.		12,772
	54	RenaissanceRe Holdings Ltd. ADR (b)		10,085
				46,651
Renewable Electricity - 0.0% (c)
	39	Clearway Energy, Inc. - Class A		962
	104	Clearway Energy, Inc. - Class C		2,747
	54	NextEra Energy Partners LP		2,940
				6,649
Research & Consulting Services - 0.1%
	13	CACI International, Inc. - Class A (a)		4,556
	119	Clarivate PLC ADR (a)(b)		1,132
	104	Dun & Bradstreet Holdings, Inc.		1,229
	30	Jacobs Solutions, Inc.		3,762
	3	KBR, Inc.		184
	65	Leidos Holdings, Inc.		6,079
	42	Science Applications International Corp.		5,096
				22,038
Restaurants - 0.7%
	276	Aramark		11,142
	92	Darden Restaurants, Inc.		15,541
	263	McDonald’s Corp.		77,112
	117	Starbucks Corp.		11,884
	2	Texas Roadhouse, Inc.		223
	39	Wendy’s Co.		838

The accompanying notes are an integral part of these financial statements.

107

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Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	28	Yum! Brands, Inc.	$	3,855
				120,595
Semiconductor Materials & Equipment - 0.2%
	118	Amkor Technology, Inc.		3,433
	66	Applied Materials, Inc.		10,005
	13	Lam Research Corp.		9,340
	65	MKS Instruments, Inc.		7,096
				29,874
Semiconductors - 2.6%
	143	Analog Devices, Inc.		28,533
	13	Cirrus Logic, Inc. (a)		1,050
	5,437	Intel Corp.		194,481
	173	Marvell Technology, Inc.		11,267
	1,434	Micron Technology, Inc.		102,373
	29	Qorvo, Inc. (a)		3,191
	329	Qualcomm, Inc.		43,484
	182	Skyworks Solutions, Inc.		20,815
	17	Synaptics, Inc. (a)		1,535
	157	Texas Instruments, Inc.		28,260
	147	Wolfspeed, Inc. (a)		9,687
				444,676
Soft Drinks & Non-alcoholic Beverages - 0.9%
	1,200	Coca-Cola Co.		74,316
	1,177	Keurig Dr. Pepper, Inc.		40,030
	266	PepsiCo, Inc.		49,864
				164,210
Specialized Consumer Services - 0.0% (c)
	260	ADT, Inc.		1,659
	173	H&R Block, Inc.		5,815
	13	Service Corp. International		866
				8,340
Specialized Finance - 0.0% (c)
	378	SoFi Technologies, Inc. (a)		4,328

Specialty Chemicals - 0.8%
	39	Ashland, Inc.		3,563
	134	Axalta Coating Systems Ltd. ADR (a)(b)		4,288
	130	Celanese Corp.		16,301
	561	DuPont de Nemours, Inc.		43,550
	156	Eastman Chemical Co.		13,350
	80	Ecolab, Inc.		14,651
	313	International Flavors & Fragrances, Inc.		26,483
	119	PPG Industries, Inc.		17,124
	13	RPM International, Inc.		1,343
				140,653

The accompanying notes are an integral part of these financial statements.

108

Strive 1000 Value ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Steel - 0.8%
	654	Cleveland-Cliffs, Inc. (a)	$	11,543
	146	Commercial Metals Co.		8,354
	333	Nucor Corp.		57,306
	78	Reliance Steel & Aluminum Co.		22,843
	211	Steel Dynamics, Inc.		22,488
	274	United States Steel Corp.		6,987
				129,521
Systems Software - 0.4%
	13	Dolby Laboratories, Inc. - Class A		1,152
	312	Gen Digital, Inc.		6,068
	94	Oracle Corp.		11,020
	13	Teradata Corp. (a)		739
	304	VMware, Inc. - Class A (a)		47,920
				66,899
Technology Distributors - 0.1%
	79	Arrow Electronics, Inc. (a)		11,261
	58	TD SYNNEX Corp.		5,725
				16,986
Technology Hardware, Storage & Peripherals - 0.8%
	325	Dell Technologies, Inc. - Class C		17,199
	1,664	Hewlett Packard Enterprise Co.		28,920
	1,170	HP, Inc.		38,411
	209	NetApp, Inc.		16,304
	260	Seagate Technology Holdings PLC ADR (b)		16,510
	437	Western Digital Corp. (a)		18,599
				135,943
Tobacco - 1.8%
	2,446	Altria Group, Inc.		111,097
	2,041	Philip Morris International, Inc.		203,529
				314,626
Trading Companies & Distributors - 0.4%
	130	Air Lease Corp.		5,504
	26	Fastenal Co.		1,524
	146	Ferguson PLC ADR (b)		23,597
	65	MSC Industrial Direct Co., Inc. - Class A		6,560
	26	United Rentals, Inc.		12,082
	13	Watsco, Inc.		4,916
	65	WESCO International, Inc.		11,412
				65,595
Transaction & Payment Processing Services - 0.4%
	26	Euronet Worldwide, Inc. (a)		2,285
	767	Fidelity National Information Services, Inc.		46,311
	210	Global Payments, Inc.		23,153
	494	Western Union Co.		6,017
				77,766

The accompanying notes are an integral part of these financial statements.

109

Strive 1000 Value ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Water Utilities - 0.0% (c)
	40	American Water Works Co., Inc.	$	5,897
	40	Essential Utilities, Inc.		1,692
				7,589
Wireless Telecommunication Services - 0.2%
	276	T-Mobile US, Inc. (a)		38,025
		TOTAL COMMON STOCKS (Cost $15,426,021)		16,341,404

REAL ESTATE INVESTMENT TRUSTS - 3.9%
Data Center REITs - 0.1%
	157	Digital Realty Trust, Inc.		19,565

Diversified REITs - 0.1%
	288	W.P. Carey, Inc.		19,449

Health Care REITs - 0.6%
	494	Healthcare Realty Trust, Inc.		9,648
	481	Healthpeak Properties, Inc.		10,500
	754	Medical Properties Trust, Inc.		7,608
	299	Omega Healthcare Investors, Inc.		9,538
	520	Ventas, Inc.		25,230
	524	Welltower, Inc.		43,047
				105,571
Hotel & Resort REITs - 0.1%
	897	Host Hotels & Resorts, Inc.		16,505

Industrial REITs - 0.1%
	341	Americold Realty Trust, Inc.		11,055
	3	EastGroup Properties, Inc.		532
	40	First Industrial Realty Trust, Inc.		2,068
	2	Prologis, Inc.		250
	111	STAG Industrial, Inc.		4,029
				17,934
Mortgage REITs - 0.3%
	772	AGNC Investment Corp.		7,867
	685	Annaly Capital Management, Inc.		13,762
	208	Blackstone Mortgage Trust, Inc. - Class A		4,782
	598	Rithm Capital Corp.		6,028
	377	Starwood Property Trust, Inc.		7,819
				40,258
Multi-Family Residential REITs - 0.4%
	104	AvalonBay Communities, Inc.		19,620
	26	Camden Property Trust		2,836
	326	Equity Residential		21,496
	53	Essex Property Trust, Inc.		12,908
	26	Mid-America Apartment Communities, Inc.		3,891
	211	UDR, Inc.		8,626
				69,377

The accompanying notes are an integral part of these financial statements.

110

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Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Office REITs - 0.3%
	228	Alexandria Real Estate Equities, Inc.	$	28,655
	184	Boston Properties, Inc.		12,260
	196	Cousins Properties, Inc.		4,788
	143	Kilroy Realty Corp.		5,105
	221	Vornado Realty Trust		4,968
				55,776
Other Specialized REITs - 0.4%
	276	Gaming and Leisure Properties, Inc.		13,099
	132	Iron Mountain, Inc.		8,105
	78	Lamar Advertising Co. - Class A		7,699
	1,319	VICI Properties, Inc.		41,522
				70,425
Retail REITs - 0.9%
	78	Agree Realty Corp.		5,053
	390	Brixmor Property Group, Inc.		8,869
	67	Federal Realty Investment Trust		6,802
	767	Kimco Realty Corp.		15,539
	208	NNN REIT, Inc.		8,877
	677	Realty Income Corp.		41,277
	169	Regency Centers Corp.		11,075
	418	Simon Property Group, Inc.		52,083
				149,575
Retail REITs - 0.1%
	169	Spirit Realty Capital, Inc.		6,816

Self-Storage REITs - 0.3%
	106	CubeSmart		4,596
	76	Extra Space Storage, Inc.		10,668
	52	National Storage Affiliates Trust		1,757
	122	Public Storage		34,374
				51,395
Telecom Tower REITs - 0.0% (c)
	26	Crown Castle, Inc.		2,816

Timber REITs - 0.2%
	107	Rayonier, Inc.		3,544
	949	Weyerhaeuser Co.		32,323
				35,867
		TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $640,387)		661,329

INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.1%
	12,381	First American Government Obligations Fund - Class X, 5.14% (e)		12,381
		TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $12,381)		12,381

The accompanying notes are an integral part of these financial statements.

111

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Schedule of Investments (Continued)

July 31, 2023

Shares			Value
MONEY MARKET FUNDS - 0.5%
	78,413	First American Government Obligations Fund - Class X, 5.14% (e)	$	78,413
		TOTAL MONEY MARKET FUNDS (Cost $78,413)		78,413

		TOTAL INVESTMENTS (Cost $16,157,202) - 100.0%	$	17,093,527
		Other Assets in Excess of Liabilities - 0.0% (c)		7,003
		TOTAL NET ASSETS - 100.0%	$	17,100,530

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

	(a)	Non-income producing security.
	(b)	Foreign issued security.
	(c)	Represents less than 0.05% of net assets.
	(d)	This security or a portion of this security was out on loan as of July 31, 2023. Total loaned securities had a market value of $12,391 as of July 31, 2023.
	(e)	Rate shown is the 7-day effective yield.

The Global Industry Classification Standard (GICS^®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor 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.

112

Strive Small-Cap ETF

Schedule of Investments

July 31, 2023

Shares			Value
COMMON STOCKS - 93.3%
Aerospace & Defense - 1.4%
	1,190	BWX Technologies, Inc.	$	82,110
	1,108	Hexcel Corp.		78,313
	740	Mercury Systems, Inc. (a)		28,105
	376	Moog, Inc. - Class A		39,645
	545	Parsons Corp. (a)		26,934
	3,527	Rocket Lab USA, Inc. (a)		25,994
	1,361	Spirit AeroSystems Holdings, Inc. - Class A		43,307
				324,408
Air Freight & Logistics - 0.3%
	340	Forward Air Corp.		40,406
	410	Hub Group, Inc. - Class A (a)		36,953
				77,359
Alternative Carriers - 0.3%
	561	Cogent Communications Holdings, Inc.		34,356
	8,841	Globalstar, Inc. (a)		9,548
	13,297	Lumen Technologies, Inc.		23,802
				67,706
Aluminum - 0.2%
	1,276	Arconic Corp. (a)		38,140

Apparel Retail - 0.8%
	2,459	American Eagle Outfitters, Inc.		34,549
	392	Boot Barn Holdings, Inc. (a)		36,809
	1,190	Foot Locker, Inc.		31,975
	3,554	Gap, Inc.		36,606
	783	Urban Outfitters, Inc. (a)		28,478
	1,046	Victoria’s Secret & Co. (a)		21,433
				189,850
Apparel, Accessories & Luxury Goods - 0.5%
	478	Carter’s, Inc.		35,855
	4,404	Hanesbrands, Inc.		23,209
	701	Kontoor Brands, Inc.		29,694
	2,466	Under Armour, Inc. - Class C (a)		18,298
	2,538	Under Armour, Inc. - Class A (a)		20,456
				127,512
Application Software - 5.6%
	1,430	ACI Worldwide, Inc. (a)		33,162
	616	Alarm.com Holdings, Inc. (a)		34,009
	680	Altair Engineering, Inc. - Class A (a)		50,959
	766	Alteryx, Inc. - Class A (a)		31,758
	232	Appfolio, Inc. - Class A (a)		41,897
	2,162	AppLovin Corp. - Class A (a)		67,887
	953	Asana, Inc. - Class A (a)		23,139
	702	Blackbaud, Inc. (a)		52,966
	734	BlackLine, Inc. (a)		42,631
	1,847	Box, Inc. - Class A (a)		57,719

The accompanying notes are an integral part of these financial statements.

113

Strive Small-Cap ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	629	Braze, Inc. - Class A (a)	$	28,594
	2,274	CCC Intelligent Solutions Holdings, Inc. (a)		25,059
	1,132	Clear Secure, Inc. - Class A		26,840
	978	Clearwater Analytics Holdings, Inc. - Class A (a)		16,851
	1,387	DoubleVerify Holdings, Inc. (a)		58,393
	552	EngageSmart, Inc. (a)		10,466
	647	Envestnet, Inc. (a)		40,101
	920	Five9, Inc. (a)		80,730
	2,023	Freshworks, Inc. - Class A (a)		37,749
	461	Informatica, Inc. - Class A (a)		8,777
	265	Instructure Holdings, Inc. (a)		7,200
	877	Jamf Holding Corp. (a)		19,048
	115	MicroStrategy, Inc. - Class A (a)		50,356
	868	nCino, Inc. (a)		28,080
	1,720	NCR Corp. (a)		46,234
	699	New Relic, Inc. (a)		58,702
	1,116	PagerDuty, Inc. (a)		28,927
	554	Pegasystems, Inc.		29,224
	687	PowerSchool Holdings, Inc. - Class A (a)		16,605
	1,124	RingCentral, Inc. - Class A (a)		46,489
	1,078	Sprinklr, Inc. - Class A (a)		15,135
	595	Sprout Social, Inc. - Class A (a)		33,998
	477	SPS Commerce, Inc. (a)		86,046
	861	Verint Systems, Inc. (a)		32,176
	608	Workiva, Inc. (a)		64,016
				1,331,923
Asset Management & Custody Banks - 1.0%
	867	Artisan Partners Asset Management, Inc. - Class A		35,972
	345	Cohen & Steers, Inc.		22,187
	1,122	Federated Hermes, Inc.		37,957
	743	Focus Financial Partners, Inc. - Class A (a)		38,881
	431	Hamilton Lane, Inc. - Class A		38,113
	1,730	Janus Henderson Group PLC ADR (b)		50,776
	735	StepStone Group, Inc. - Class A		20,631
				244,517
Automobile Manufacturers - 0.4%
	2,580	Fisker, Inc. (a)(c)		15,919
	631	Thor Industries, Inc.		72,874
				88,793
Automotive Parts & Equipment - 1.5%
	1,224	Adient PLC ADR (a)(b)		52,093
	1,709	Dana, Inc.		32,437
	343	Dorman Products, Inc. (a)		29,049
	545	Fox Factory Holding Corp. (a)		60,986
	425	Gentherm, Inc. (a)		25,402
	324	LCI Industries		44,151
	3,054	Luminar Technologies, Inc. (a)(c)		22,600

The accompanying notes are an integral part of these financial statements.

114

Strive Small-Cap ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	2,978	QuantumScape Corp. (a)(c)	$	39,637
	368	Visteon Corp. (a)		56,705
				363,060
Automotive Retail - 0.5%
	282	Asbury Automotive Group, Inc. (a)		63,619
	531	Camping World Holdings, Inc. - Class A		17,008
	179	Group 1 Automotive, Inc.		46,277
				126,904
Biotechnology - 3.9%
	1,569	ACADIA Pharmaceuticals, Inc. (a)		45,878
	2,146	Alkermes PLC ADR (a)(b)		62,835
	852	Alvotech S.A. ADR (a)(b)		8,350
	3,730	Amicus Therapeutics, Inc. (a)		50,803
	1,347	Arrowhead Pharmaceuticals, Inc. (a)		46,498
	919	Beam Therapeutics, Inc. (a)		28,370
	773	Blueprint Medicines Corp. (a)		51,018
	757	Cerevel Therapeutics Holdings, Inc. (a)		23,157
	992	CRISPR Therapeutics AG ADR (a)(b)		56,871
	1,190	Cytokinetics, Inc. (a)		39,687
	1,305	Denali Therapeutics, Inc. (a)		37,101
	680	Immunovant, Inc. (a)		15,524
	1,734	Insmed, Inc. (a)		38,304
	1,080	Intellia Therapeutics, Inc. (a)		45,716
	187	Madrigal Pharmaceuticals, Inc. (a)		38,391
	665	Mirati Therapeutics, Inc. (a)		20,130
	1,389	Natera, Inc. (a)		62,811
	478	ProKidney Corp. ADR (a)(b)(c)		6,128
	503	Prothena Corp. PLC ADR (a)(b)		34,642
	957	PTC Therapeutics, Inc. (a)		38,605
	1,513	Relay Therapeutics, Inc. (a)		19,064
	1,277	REVOLUTION Medicines, Inc. (a)		33,521
	666	Sage Therapeutics, Inc. (a)		23,097
	859	Ultragenyx Pharmaceutical, Inc. (a)		37,040
	1,072	Vaxcyte, Inc. (a)		51,520
	1,347	Vir Biotechnology, Inc. (a)		18,966
				934,027
Brewers - 0.2%
	121	Boston Beer Co., Inc. - Class A (a)		44,944

Broadcasting - 0.2%
	2,875	TEGNA, Inc.		48,588

Broadline Retail - 0.5%
	1,411	Kohl’s Corp.		40,143
	1,278	Nordstrom, Inc. (c)		29,535
	801	Ollie’s Bargain Outlet Holdings, Inc. (a)		58,377
				128,055

The accompanying notes are an integral part of these financial statements.

115

Strive Small-Cap ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Building Products - 2.0%
	598	AAON, Inc.	$	62,944
	580	Armstrong World Industries, Inc.		44,868
	1,547	AZEK Co., Inc. (a)		48,265
	677	Griffon Corp.		28,243
	1,437	Hayward Holdings, Inc. (a)		19,197
	1,898	Resideo Technologies, Inc. (a)		35,530
	554	Simpson Manufacturing Co., Inc.		87,531
	802	UFP Industries, Inc.		82,413
	1,830	Zurn Elkay Water Solutions Corp. - Class C		55,704
				464,695
Cable & Satellite - 0.2%
	66	Cable One, Inc.		47,780

Cargo Ground Transportation - 0.9%
	572	Ryder System, Inc.		58,430
	587	Schneider National, Inc. - Class B		18,085
	737	Werner Enterprises, Inc.		34,654
	1,446	XPO, Inc. (a)		100,121
				211,290
Casinos & Gaming - 0.6%
	1,360	International Game Technology PLC (b)		46,009
	2,048	Penn Entertainment, Inc. (a)		53,842
	629	Red Rock Resorts, Inc. - Class A		30,507
	1,175	Sportradar Holding AG - Class A ADR (a)(b)		17,308
				147,666
Coal & Consumable Fuels - 0.3%
	238	Arch Resources, Inc.		30,569
	391	Enviva, Inc.		5,267
	1,619	Peabody Energy Corp.		36,330
				72,166
Commercial & Residential Mortgage Finance - 1.3%
	375	Enact Holdings, Inc.		10,200
	1,379	Essent Group Ltd. ADR (b)		68,398
	3,811	MGIC Investment Corp.		63,796
	810	Mr Cooper Group, Inc. (a)		46,956
	306	PennyMac Financial Services, Inc.		23,020
	2,040	Radian Group, Inc.		54,937
	648	TFS Financial Corp.		9,402
	411	Walker & Dunlop, Inc.		37,393
				314,102
Commercial Printing - 0.1%
	602	Brady Corp. - Class A		31,051

Commodity Chemicals - 0.3%
	746	Cabot Corp.		52,966
	1,547	Tronox Holdings PLC ADR (b)		20,560
				73,526

The accompanying notes are an integral part of these financial statements.

116

Strive Small-Cap ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Communications Equipment - 0.9%
	756	Calix, Inc. (a)	$	34,103
	1,691	Extreme Networks, Inc. (a)		44,964
	875	Lumentum Holdings, Inc. (a)		45,815
	922	NetScout Systems, Inc. (a)		25,770
	952	Viasat, Inc. (a)		29,455
	2,856	Viavi Solutions, Inc. (a)		31,045
				211,152
Construction & Engineering - 1.3%
	425	Ameresco, Inc. - Class A (a)		24,739
	2,468	API Group Corp. (a)		70,980
	632	Arcosa, Inc.		48,778
	462	Comfort Systems USA, Inc.		80,374
	368	Dycom Industries, Inc. (a)		36,645
	1,888	Fluor Corp. (a)		58,490
				320,006
Construction Machinery & Heavy Transportation Equipment - 0.8%
	1,190	Allison Transmission Holdings, Inc.		69,841
	782	Federal Signal Corp.		47,772
	887	Terex Corp.		52,005
	1,100	Trinity Industries, Inc.		28,842
				198,460
Construction Materials - 0.6%
	469	Eagle Materials, Inc.		86,470
	1,583	Summit Materials, Inc. - Class A (a)		57,273
				143,743
Consumer Electronics - 0.1%
	1,639	Sonos, Inc. (a)		28,092

Consumer Finance - 0.9%
	493	FirstCash Holdings, Inc.		46,973
	1,190	Navient Corp.		22,658
	175	Nelnet, Inc. - Class A		17,269
	1,568	OneMain Holdings, Inc.		71,313
	3,133	SLM Corp.		50,692
				208,905
Consumer Staples Merchandise Retail - 0.1%
	325	PriceSmart, Inc.		25,262

Data Processing & Outsourced Services - 0.5%
	796	Maximus, Inc.		66,673
	238	TTEC Holdings, Inc.		8,197
	1,811	Verra Mobility Corp. (a)		38,013
				112,883
Diversified Chemicals - 0.3%
	1,924	Chemours Co.		71,150

The accompanying notes are an integral part of these financial statements.

117

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July 31, 2023

Shares			Value
Diversified Financial Services - 0.2%
	1,056	Jackson Financial, Inc. - Class A	$	34,868

Diversified Real Estate Activities - 0.1%
	478	St Joe Co.		30,343

Diversified Support Services - 0.2%
	825	Driven Brands Holdings, Inc. (a)		21,343
	193	UniFirst Corp.		31,324
				52,667
Education Services - 0.9%
	750	Bright Horizons Family Solutions, Inc. (a)		72,773
	1,564	Chegg, Inc. (a)		15,843
	404	Duolingo, Inc. (a)		62,697
	46	Graham Holdings Co. - Class B		26,991
	393	Grand Canyon Education, Inc. (a)		42,660
				220,964
Electric Utilities - 1.5%
	754	ALLETE, Inc.		43,302
	1,423	Hawaiian Electric Industries, Inc.		54,629
	663	IDACORP, Inc.		68,170
	470	MGE Energy, Inc.		37,713
	534	Otter Tail Corp.		43,259
	1,105	PNM Resources, Inc.		49,526
	1,164	Portland General Electric Co.		55,488
				352,087
Electrical Components & Equipment - 1.5%
	1,942	Array Technologies, Inc. (a)		36,995
	510	Atkore, Inc. (a)		80,922
	3,779	ChargePoint Holdings, Inc. (a)(c)		32,726
	222	Encore Wire Corp.		37,893
	523	EnerSys		56,651
	496	Fluence Energy, Inc. (a)		14,503
	2,170	Shoals Technologies Group, Inc. - Class A (a)		56,333
	1,073	SunPower Corp. (a)		10,591
	293	Vicor Corp. (a)		27,035
				353,649
Electronic Components - 0.6%
	553	Belden, Inc.		53,442
	245	Rogers Corp. (a)		41,309
	1,707	Vishay Intertechnology, Inc.		48,052
				142,803
Electronic Equipment & Instruments - 1.0%
	485	Advanced Energy Industries, Inc.		60,712
	389	Badger Meter, Inc.		64,045
	581	Itron, Inc. (a)		45,707
	2,063	Vontier Corp.		63,809
				234,273

The accompanying notes are an integral part of these financial statements.

118

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Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Electronic Manufacturing Services - 0.6%
	375	IPG Photonics Corp. (a)	$	49,293
	352	Plexus Corp. (a)		34,667
	766	Sanmina Corp. (a)		47,077
				131,037
Environmental & Facilities Services - 0.6%
	871	ABM Industries, Inc.		40,310
	668	Casella Waste Systems, Inc. - Class A (a)		53,901
	1,232	Stericycle, Inc. (a)		52,348
				146,559
Fertilizers & Agricultural Chemicals - 0.2%
	531	Scotts Miracle-Gro Co.		37,191

Food Distributors - 0.1%
	752	United Natural Foods, Inc. (a)		15,642

Food Retail - 0.4%
	1,159	Grocery Outlet Holding Corp. (a)		38,769
	1,361	Sprouts Farmers Market, Inc. (a)		53,419
	206	Weis Markets, Inc.		13,666
				105,854
Footwear - 0.1%
	918	Steven Madden Ltd.		30,643

Forest Products - 0.3%
	835	Louisiana-Pacific Corp.		63,569

Gas Utilities - 1.2%
	1,195	National Fuel Gas Co.		63,466
	1,267	New Jersey Resources Corp.		56,635
	710	ONE Gas, Inc.		56,182
	901	Southwest Gas Holdings, Inc.		59,412
	667	Spire, Inc.		42,401
				278,096
Health Care Distributors - 0.2%
	886	AdaptHealth Corp. (a)		12,174
	1,143	Patterson Cos., Inc.		37,593
				49,767
Health Care Equipment - 2.1%
	632	Axonics, Inc. (a)		38,154
	393	CONMED Corp.		47,573
	651	Enovis Corp. (a)		41,599
	613	Glaukos Corp. (a)		47,287
	568	Inari Medical, Inc. (a)		32,416
	884	Inmode Ltd. ADR (a)(b)		37,932
	428	Integer Holdings Corp. (a)		39,581
	935	Integra LifeSciences Holdings Corp. (a)		42,514

The accompanying notes are an integral part of these financial statements.

119

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Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	393	iRhythm Technologies, Inc. (a)	$	41,289
	702	LivaNova PLC ADR (a)(b)		41,032
	683	NuVasive, Inc. (a)		28,146
	580	Omnicell, Inc. (a)		36,627
	851	Tandem Diabetes Care, Inc. (a)		29,717
				503,867
Health Care Facilities - 0.6%
	705	Ensign Group, Inc.		68,293
	1,365	Select Medical Holdings Corp.		40,964
	887	Surgery Partners, Inc. (a)		34,265
				143,522
Health Care Services - 1.3%
	425	Agiliti, Inc. (a)		7,297
	418	Amedisys, Inc. (a)		37,971
	528	AMN Healthcare Services, Inc. (a)		56,575
	119	CorVel Corp. (a)		24,343
	1,280	Guardant Health, Inc. (a)		49,946
	714	MSP Recovery, Inc. (a)		145
	2,195	Option Care Health, Inc. (a)		74,147
	1,514	Premier, Inc. - Class A		42,014
	819	Privia Health Group, Inc. (a)		22,866
				315,304
Health Care Supplies - 1.4%
	654	Haemonetics Corp. (a)		60,325
	303	ICU Medical, Inc. (a)		53,989
	871	Lantheus Holdings, Inc. (a)		75,333
	734	Merit Medical Systems, Inc. (a)		54,808
	2,588	Neogen Corp. (a)		60,016
	622	STAAR Surgical Co. (a)		34,067
				338,538
Health Care Technology - 0.6%
	1,515	Certara, Inc. (a)		29,497
	1,388	Evolent Health, Inc. - Class A (a)		42,181
	936	GoodRx Holdings, Inc. - Class A (a)		8,649
	2,029	Teladoc Health, Inc. (a)		60,403
				140,730
Heavy Electrical Equipment - 0.2%
	2,341	Bloom Energy Corp. - Class A (a)		41,810
	687	NuScale Power Corp. (a)		5,207
				47,017
Home Furnishings - 0.2%
	1,684	Leggett & Platt, Inc.		49,274

Homebuilding - 1.6%
	104	Cavco Industries, Inc. (a)		30,748
	313	Installed Building Products, Inc.		46,330
	969	KB Home		52,297

The accompanying notes are an integral part of these financial statements.

120

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Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	264	LGI Homes, Inc. (a)	$	36,630
	752	MDC Holdings, Inc.		38,563
	468	Meritage Homes Corp.		69,709
	683	Skyline Champion Corp. (a)		47,578
	1,366	Taylor Morrison Home Corp. (a)		66,142
				387,997
Hotels, Resorts & Cruise Lines - 0.5%
	189	Global Business Travel Group I (a)		1,331
	1,092	Hilton Grand Vacations, Inc. (a)		50,778
	4,200	Sabre Corp. (a)		17,220
	969	Travel + Leisure Co.		39,467
				108,796
Household Appliances - 0.2%
	306	Helen of Troy Ltd. ADR (a)(b)		43,238

Household Products - 0.5%
	965	Energizer Holdings, Inc.		34,451
	528	Spectrum Brands Holdings, Inc.		41,400
	178	WD-40 Co.		40,851
				116,702
Human Resource & Employment Services - 1.3%
	4,361	Alight, Inc. - Class A (a)		42,651
	621	ASGN, Inc. (a)		47,395
	471	Insperity, Inc.		55,413
	664	Korn Ferry		34,980
	669	ManpowerGroup, Inc.		52,771
	871	Paycor HCM, Inc. (a)		23,395
	443	TriNet Group, Inc. (a)		46,617
				303,222
Industrial Machinery & Supplies & Components - 2.6%
	402	Albany International Corp. - Class A		38,705
	268	EnPro Industries, Inc.		37,193
	756	Esab Corp.		51,937
	325	ESCO Technologies, Inc.		32,679
	1,685	Flowserve Corp.		63,626
	531	Franklin Electric Co., Inc.		52,473
	1,396	Gates Industrial Corp. PLC ADR (a)(b)		19,014
	801	Hillenbrand, Inc.		41,604
	415	John Bean Technologies Corp.		51,298
	148	Kadant, Inc.		32,982
	1,037	Kennametal, Inc.		31,608
	738	Mueller Industries, Inc.		59,822
	580	SPX Technologies, Inc. (a)		49,074
	359	Watts Water Technologies, Inc. - Class A		66,964
				628,979

The accompanying notes are an integral part of these financial statements.

121

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Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Insurance Brokers - 0.1%
	792	BRP Group, Inc. - Class A (a)	$	19,729
	256	Hagerty, Inc. - Class A (a)		2,260
				21,989
Interactive Home Entertainment - 0.0% (d)
	597	Playtika Holding Corp. (a)		7,128

Interactive Media & Services - 0.8%
	1,203	Bumble, Inc. - Class A (a)		22,280
	1,024	IAC, Inc. (a)		71,270
	852	Rumble, Inc. (a)(c)		7,344
	307	Shutterstock, Inc.		15,795
	1,345	TripAdvisor, Inc. (a)		25,084
	599	Ziff Davis, Inc. (a)		43,439
				185,212
Internet Services & Infrastructure - 0.2%
	731	DigitalOcean Holdings, Inc. (a)		36,199
	612	Squarespace, Inc. - Class A (a)		20,282
				56,481
Investment Banking & Brokerage - 1.0%
	414	Evercore, Inc. - Class A		55,914
	1,411	Lazard Ltd. - Class A ADR (b)		49,525
	829	Moelis & Co. - Class A		40,480
	233	Piper Sandler Cos.		34,102
	289	PJT Partners, Inc. - Class A		22,921
	1,242	Virtu Financial, Inc. - Class A		23,052
				225,994
IT Consulting & Other Services - 0.3%
	2,945	Kyndryl Holdings, Inc. (a)		40,229
	443	Perficient, Inc. (a)		28,259
	1,088	Thoughtworks Holding, Inc. (a)		7,714
				76,202
Leisure Facilities - 0.3%
	497	Bowlero Corp. (a)		6,029
	716	Life Time Group Holdings, Inc. (a)		12,952
	460	SeaWorld Entertainment, Inc. (a)		25,470
	982	Six Flags Entertainment Corp. (a)		23,470
				67,921
Leisure Products - 0.6%
	391	Acushnet Holdings Corp.		23,315
	4,124	Peloton Interactive, Inc. - Class A (a)		40,044
	1,837	Topgolf Callaway Brands Corp. (a)		36,685
	1,126	YETI Holdings, Inc. (a)		47,968
				148,012

The accompanying notes are an integral part of these financial statements.

122

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Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Life & Health Insurance - 1.0%
	1,095	American Equity Investment Life Holding Co.	$	58,769
	886	Brighthouse Financial, Inc. (a)		46,187
	1,447	CNO Financial Group, Inc.		37,217
	208	F&G Annuities & Life, Inc.		5,450
	6,360	Genworth Financial, Inc. - Class A (a)		37,270
	2,177	Lincoln National Corp.		61,043
				245,936
Life Sciences Tools & Services - 0.7%
	894	Azenta, Inc. (a)		42,000
	1,413	Maravai LifeSciences Holdings, Inc. - Class A (a)		15,981
	3,005	Pacific Biosciences of California, Inc. (a)		39,696
	1,260	Sotera Health Co. (a)		23,915
	1,326	Syneos Health, Inc. (a)		56,236
				177,828
Managed Health Care - 0.5%
	1,056	Alignment Healthcare, Inc. (a)		6,558
	1,090	HealthEquity, Inc. (a)		74,055
	1,007	Progyny, Inc. (a)		42,052
				122,665
Marine Transportation - 0.6%
	797	Kirby Corp. (a)		64,940
	459	Matson, Inc.		42,898
				107,838
Metal, Glass & Plastic Containers - 0.3%
	1,734	Ardagh Metal Packaging S.A. ADR (b)		6,555
	35	Greif, Inc. - Class B		2,767
	326	Greif, Inc. - Class A		24,114
	1,976	O-I Glass, Inc. (a)		45,369
				78,805
Mortgage REITs - 0.1%
	1,591	Claros Mortgage Trust, Inc.		19,601

Movies & Entertainment - 0.3%
	6,698	AMC Entertainment Holdings, Inc. - Class A (a)(c)		33,289
	222	Madison Square Garden Sports Corp.		47,231
				80,520
Multi-Utilities - 0.6%
	976	Avista Corp.		37,713
	851	Black Hills Corp.		51,341
	772	NorthWestern Corp.		43,595
				132,649
Office Services & Supplies - 0.3%
	479	MSA Safety, Inc.		79,514

The accompanying notes are an integral part of these financial statements.

123

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Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Oil & Gas Drilling - 1.0%
	1,186	Helmerich & Payne, Inc.	$	53,097
	1,445	Noble Corp. PLC ADR (b)		75,530
	2,756	Patterson-UTI Energy, Inc.		43,655
	8,407	Transocean Ltd. ADR (a)(b)		73,982
				246,264
Oil & Gas Equipment & Services - 0.8%
	820	Cactus, Inc. - Class A		41,640
	2,091	Liberty Energy, Inc.		34,439
	2,521	NexTier Oilfield Solutions, Inc. (a)		30,050
	1,030	ProFrac Holding Corp. - Class A (a)		13,256
	938	Weatherford International PLC ADR (a)(b)		77,948
				197,333
Oil & Gas Exploration & Production - 1.7%
	920	California Resources Corp.		49,082
	803	Callon Petroleum Co. (a)		30,161
	2,098	CNX Resources Corp. (a)		42,799
	1,190	Comstock Resources, Inc.		15,173
	493	Crescent Energy Co. - Class A		5,852
	633	Denbury, Inc. (a)		55,647
	171	HighPeak Energy, Inc.		2,591
	2,368	Magnolia Oil & Gas Corp. - Class A		52,451
	972	Northern Oil and Gas, Inc.		38,268
	1,037	Sitio Royalties Corp. - Class A		28,352
	1,583	SM Energy Co.		57,447
	978	Viper Energy Partners LP		26,523
				404,346
Oil & Gas Refining & Marketing - 0.1%
	374	CVR Energy, Inc.		13,741

Oil & Gas Storage & Transportation - 1.2%
	4,192	Antero Midstream Corp.		50,052
	1,259	DT Midstream, Inc.		67,382
	5,430	Equitrans Midstream Corp.		56,309
	222	Excelerate Energy, Inc. - Class A		4,711
	1,329	Golar LNG Ltd. ADR (b)		32,055
	204	Kinetik Holdings, Inc.		7,344
	2,398	Plains GP Holdings LP - Class A		37,625
	699	Scorpio Tankers, Inc. ADR (b)		32,881
				288,359
Other Specialty Retail - 0.7%
	1,003	Academy Sports & Outdoors, Inc.		59,969
	2,200	Leslie’s, Inc. (a)		14,014
	1,063	National Vision Holdings, Inc. (a)		22,993
	502	ODP Corp. (a)		25,040
	1,005	Petco Health & Wellness Co., Inc. (a)		8,201
	566	Signet Jewelers Ltd. ADR (b)		45,557
				175,774

The accompanying notes are an integral part of these financial statements.

124

Strive Small-Cap ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Packaged Foods & Meats - 1.5%
	494	Cal-Maine Foods, Inc.	$	22,818
	635	Freshpet, Inc. (a)		46,698
	1,718	Hostess Brands, Inc. (a)		41,301
	156	J & J Snack Foods Corp.		25,010
	255	Lancaster Colony Corp.		49,121
	690	Post Holdings, Inc. (a)		58,857
	3	Seaboard Corp.		10,815
	1,259	Simply Good Foods Co. (a)		48,736
	166	Tootsie Roll Industries, Inc.		5,787
	721	TreeHouse Foods, Inc. (a)		37,211
	886	Utz Brands, Inc.		14,841
				361,195
Passenger Airlines - 0.2%
	102	Copa Holdings S.A. - Class A ADR (b)		12,038
	461	Frontier Group Holdings, Inc. (a)		4,287
	1,022	JetBlue Airways Corp. (a)		7,941
	3,673	Joby Aviation, Inc. (a)		32,873
				57,139
Personal Care Products - 0.8%
	1,752	BellRing Brands, Inc. (a)		62,984
	671	elf Beauty, Inc. (a)		78,319
	240	Inter Parfums, Inc.		35,894
	1,108	Olaplex Holdings, Inc. (a)		3,989
				181,186
Pharmaceuticals - 1.3%
	667	Amylyx Pharmaceuticals, Inc. (a)		15,641
	461	Axsome Therapeutics, Inc. (a)		36,175
	1,092	Corcept Therapeutics, Inc. (a)		27,824
	412	Harmony Biosciences Holdings, Inc. (a)		14,572
	1,140	Intra-Cellular Therapies, Inc. (a)		70,498
	1,736	Perrigo Co. PLC ADR (b)		63,607
	650	Prestige Consumer Healthcare, Inc. (a)		42,387
	1,124	Revance Therapeutics, Inc. (a)		26,560
	85	Scilex Holding Co. (a)		465
	698	Supernus Pharmaceuticals, Inc. (a)		21,422
				319,151
Property & Casualty Insurance - 1.1%
	748	Assured Guaranty Ltd. ADR (b)		44,715
	1,006	Axis Capital Holdings Ltd. ADR (b)		55,451
	427	Hanover Insurance Group, Inc.		48,456
	833	Kemper Corp.		42,458
	493	Trupanion, Inc. (a)		15,209
	32	White Mountains Insurance Group Ltd. ADR (b)		49,505
				255,794
Publishing - 0.1%
	544	John Wiley & Sons, Inc. - Class A		18,621

The accompanying notes are an integral part of these financial statements.

125

Strive Small-Cap ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Real Estate Development - 0.2%
	444	Howard Hughes Corp. (a)	$	37,487

Real Estate Operating Companies - 0.1%
	1,496	Kennedy-Wilson Holdings, Inc.		24,684

Real Estate Services - 0.1%
	2,074	Cushman & Wakefield PLC ADR (a)(b)		20,387

Regional Banks - 6.8%
	882	Ameris Bancorp		38,499
	1,973	Associated Banc-Corp		37,388
	986	Atlantic Union Bankshares Corp.		31,532
	748	Axos Financial, Inc. (a)		35,156
	222	BancFirst Corp.		22,178
	495	Bank of Hawaii Corp.		28,279
	1,412	Bank OZK		61,747
	971	BankUnited, Inc.		28,975
	2,329	Cadence Bank		58,341
	918	Cathay General Bancorp		34,921
	2,705	Columbia Banking System, Inc.		60,457
	493	Columbia Financial, Inc. (a)		8,618
	719	Community Bank System, Inc.		38,704
	1,683	CVB Financial Corp.		31,758
	2,169	Eastern Bankshares, Inc.		30,626
	2,313	First BanCorp/Puerto Rico ADR (b)		34,348
	1,157	First Financial Bancorp		26,715
	1,819	First Financial Bankshares, Inc.		59,281
	1,670	First Hawaiian, Inc.		34,552
	1,091	First Interstate BancSystem, Inc. - Class A		31,344
	783	First Merchants Corp.		25,150
	4,746	FNB Corp.		60,701
	2,091	Fulton Financial Corp.		29,901
	1,429	Glacier Bancorp, Inc.		46,728
	1,098	Hancock Whitney Corp.		48,323
	2,465	Home BancShares Inc/AR		59,924
	578	Independent Bank Corp.		34,825
	470	Independent Bank Group, Inc.		21,089
	733	International Bancshares Corp.		36,386
	3,747	Old National Bancorp		63,811
	1,227	Pacific Premier Bancorp, Inc.		31,338
	1,685	PacWest Bancorp		15,671
	905	Popular, Inc. ADR (b)		65,658
	647	ServisFirst Bancshares, Inc.		38,613
	1,615	Simmons First National Corp. - Class A		32,607
	615	Texas Capital Bancshares, Inc. (a)		39,268
	514	UMB Financial Corp.		36,494
	1,778	United Bankshares, Inc.		59,456

The accompanying notes are an integral part of these financial statements.

126

Strive Small-Cap ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
	1,470	United Community Banks Inc/GA	$	42,733
	801	Wintrust Financial Corp.		67,572
	799	WSFS Financial Corp.		34,956
				1,624,623
Reinsurance - 0.2%
	168	Enstar Group Ltd. ADR (a)(b)		42,988

Renewable Electricity - 0.3%
	665	Ormat Technologies, Inc.		54,065
	1,329	Sunnova Energy International, Inc. (a)		23,470
				77,535
Research & Consulting Services - 0.4%
	631	CBIZ, Inc. (a)		33,374
	667	Exponent, Inc.		59,750
				93,124
Restaurants - 0.9%
	291	Cracker Barrel Old Country Store, Inc.		27,121
	408	Papa John’s International, Inc.		33,742
	504	Shake Shack, Inc. - Class A (a)		39,141
	2,319	Wendy’s Co.		49,835
	396	Wingstop, Inc.		66,758
				216,597
Security & Alarm Services - 0.2%
	595	Brink’s Co.		43,411

Semiconductor Materials & Equipment - 0.9%
	418	Axcelis Technologies, Inc. (a)		83,801
	715	Kulicke & Soffa Industries, Inc.		42,814
	646	Onto Innovation, Inc. (a)		80,311
				206,926
Semiconductors - 2.3%
	498	Ambarella, Inc. ADR (a)(b)		41,543
	724	Cirrus Logic, Inc. (a)		58,499
	1,114	Credo Technology Group Holding Ltd. ADR (a)(b)		18,905
	572	Diodes, Inc. (a)		54,048
	303	Impinj, Inc. (a)		20,186
	723	MACOM Technology Solutions Holdings, Inc. (a)		50,552
	956	MaxLinear, Inc. (a)		23,585
	732	Power Integrations, Inc.		71,106
	1,395	Rambus, Inc. (a)		87,341
	408	Silicon Laboratories, Inc. (a)		60,849
	206	SiTime Corp. (a)		26,576
	510	Synaptics, Inc. (a)		46,058
				559,248
Silver - 0.2%
	7,297	Hecla Mining Co.		42,031

The accompanying notes are an integral part of these financial statements.

127

Strive Small-Cap ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Soft Drinks & Non-alcoholic Beverages - 0.2%
	62	Coca-Cola Consolidated, Inc.	$	39,271
	291	National Beverage Corp. (a)		15,379
				54,650
Specialized Consumer Services - 0.0% (d)
	1,193	Mister Car Wash, Inc. (a)		11,846

Specialized Finance - 0.5%
	10,066	SoFi Technologies, Inc. (a)		115,256

Specialty Chemicals - 2.2%
	1,169	Avient Corp.		47,380
	427	Balchem Corp.		57,534
	2,925	Element Solutions, Inc.		61,308
	18,049	Ginkgo Bioworks Holdings, Inc. (a)(c)		45,303
	706	HB Fuller Co.		52,265
	446	Ingevity Corp. (a)		28,553
	318	Innospec, Inc.		34,071
	2,388	Livent Corp. (a)		58,793
	91	NewMarket Corp.		41,105
	178	Quaker Chemical Corp.		35,668
	544	Sensient Technologies Corp.		34,838
	272	Stepan Co.		26,063
				522,881
Steel - 0.6%
	174	Alpha Metallurgical Resources, Inc.		30,140
	1,666	ATI, Inc. (a)		79,435
	410	Worthington Industries, Inc.		30,594
				140,169
Systems Software - 1.7%
	534	Appian Corp. - Class A (a)		27,512
	581	CommVault Systems, Inc. (a)		45,277
	546	Progress Software Corp.		32,793
	425	Qualys, Inc. (a)		58,990
	2,984	SentinelOne, Inc. - Class A (a)		49,743
	1,472	Tenable Holdings, Inc. (a)		71,628
	1,294	Teradata Corp. (a)		73,564
	1,355	Varonis Systems, Inc. (a)		38,889
				398,396
Technology Distributors - 0.5%
	1,175	Avnet, Inc.		56,988
	427	Insight Enterprises, Inc. (a)		62,637
				119,625
Technology Hardware, Storage & Peripherals - 0.9%
	600	Super Micro Computer, Inc. (a)		198,162
	1,379	Xerox Holdings Corp.		22,036
				220,198

The accompanying notes are an integral part of these financial statements.

128

Strive Small-Cap ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Tires & Rubber - 0.3%
	3,793	Goodyear Tire & Rubber Co. (a)	$	60,991

Trading Companies & Distributors - 2.9%
	1,343	Air Lease Corp.		56,863
	500	Applied Industrial Technologies, Inc.		72,495
	646	Beacon Roofing Supply, Inc. (a)		55,343
	512	Boise Cascade Co.		52,987
	1,012	Core & Main, Inc. - Class A (a)		31,989
	464	GATX Corp.		58,167
	530	GMS, Inc. (a)		39,056
	347	Herc Holdings, Inc.		46,439
	326	McGrath RentCorp		31,420
	601	MSC Industrial Direct Co., Inc. - Class A		60,653
	546	Rush Enterprises, Inc. - Class A		35,315
	71	Rush Enterprises, Inc. - Class B		4,878
	705	Triton International Ltd. ADR (b)		59,439
	2,082	Univar Solutions, Inc. (a)		75,243
				680,287
Transaction & Payment Processing Services - 0.9%
	2,654	Affirm Holdings, Inc. (a)		51,461
	835	EVERTEC, Inc. ADR (b)		32,841
	1,233	Flywire Corp. (a)		42,095
	6,360	Marqeta, Inc. - Class A (a)		35,489
	700	Shift4 Payments, Inc. - Class A (a)		48,293
				210,179
Water Utilities - 0.4%
	479	American States Water Co.		42,348
	714	California Water Service Group		37,856
	365	SJW Group		25,718
				105,922
		TOTAL COMMON STOCKS (Cost $20,407,266)		22,207,552

REAL ESTATE INVESTMENT TRUSTS - 6.1%
Diversified REITs - 0.4%
	2,486	Broadstone Net Lease, Inc.		40,522
	1,931	Essential Properties Realty Trust, Inc.		47,406
				87,928
Health Care REITs - 0.5%
	544	National Health Investors, Inc.		29,871
	3,086	Physicians Realty Trust		45,488
	2,979	Sabra Health Care REIT, Inc.		38,697
				114,056
Hotel & Resort REITs - 0.6%
	2,653	Apple Hospitality REIT, Inc.		41,122
	2,705	Park Hotels & Resorts, Inc.		36,869
	684	Ryman Hospitality Properties, Inc.		65,178
				143,169

The accompanying notes are an integral part of these financial statements.

129

Strive Small-Cap ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
Industrial REITs - 0.5%
	361	Innovative Industrial Properties, Inc.	$	28,602
	3,744	LXP Industrial Trust		37,702
	1,060	Terreno Realty Corp.		62,900
				129,204
Mortgage REITs - 0.8%
	2,100	Arbor Realty Trust, Inc. (c)		35,511
	2,134	Blackstone Mortgage Trust, Inc. - Class A		49,061
	1,182	Hannon Armstrong Sustainable Infrastructure Capital, Inc.		30,862
	6,292	Rithm Capital Corp.		63,423
				178,857
Multi-Family Residential REITs - 0.2%
	2,961	Independence Realty Trust, Inc.		50,455

Office REITs - 1.3%
	1,466	Corporate Office Properties Trust		38,116
	1,956	Cousins Properties, Inc.		47,785
	2,160	Douglas Emmett, Inc.		31,752
	1,394	Equity Commonwealth		27,308
	1,361	Highwoods Properties, Inc.		34,392
	1,497	Kilroy Realty Corp.		53,443
	833	SL Green Realty Corp.		31,412
	2,295	Vornado Realty Trust		51,592
				315,800
Other Specialized REITs - 0.4%
	971	EPR Properties		43,345
	1,175	Four Corners Property Trust, Inc.		30,903
	1,853	Outfront Media, Inc.		28,647
				102,895
Retail REITs - 0.8%
	2,878	Kite Realty Group Trust		65,849
	2,843	Macerich Co.		36,248
	1,513	Phillips Edison & Co., Inc.		53,424
	2,356	SITE Centers Corp.		33,102
				188,623
Self-Storage REITs - 0.2%
	1,089	National Storage Affiliates Trust		36,797

Timber REITs - 0.5%
	1,039	PotlatchDeltic Corp.		55,722
	1,887	Rayonier, Inc.		62,497
				118,219
		TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $1,378,162)		1,466,003

The accompanying notes are an integral part of these financial statements.

130

Strive Small-Cap ETF

Schedule of Investments (Continued)

July 31, 2023

Shares			Value
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 1.0%
	248,817	First American Government Obligations Fund - Class X, 5.14% (e)	$	248,817
		TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $248,817)		248,817

MONEY MARKET FUNDS - 0.4%
	102,793	First American Government Obligations Fund - Class X, 5.14% (e)		102,793
		TOTAL MONEY MARKET FUNDS (Cost $102,793)		102,793

		TOTAL INVESTMENTS (Cost $22,137,038) - 100.8%	$	24,025,165
		Other Liabilities in Excess of Assets - (0.8%)		(185,583	)
		TOTAL NET ASSETS - 100.0%	$	23,839,582

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

	(a)	Non-income producing security.
	(b)	Foreign issued security.
	(c)	This security or a portion of this security was out on loan as of July 31, 2023. Total loaned securities had a market value of $247,441 as of July 31, 2023.
	(d)	Represents less than 0.05% of net assets.
	(e)	Rate shown is the 7-day effective yield.

The Global Industry Classification Standard (GICS^®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor 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.

131

STRIVE ETFs

STATEMENTS OF ASSETS AND LIABILITIES

July 31, 2023

	Strive U.S. Energy ETF		Strive 500 ETF		Strive U.S. Semiconductor ETF		Strive Emerging Markets Ex-China ETF
Assets:
Investments in securities, at value⁽¹⁾	$	360,071,308	$	251,680,035	$	36,619,204	$	153,905,566
Dividends and interest receivable		229,067		169,978		15,384		467,223
Receivable for return of capital		69,865		2,992		-		1,275
Securities lending income receivable (Note 5)		552		497		36		-
Receivable for fund shares sold		-		1,464,350		366,264		-
Foreign currencies, at value		-		-		-		989
Prepaid expenses and other assets		-		-		-		143
Total assets		360,370,792		253,317,852		37,000,888		154,375,196

Liabilities:
Accrued investment advisory fees		119,416		10,845		11,386		41,068
Due to securities lending agent (Note 5)		48,000		7,301		-		-
Payable for investment securities purchased		-		1,431,193		363,096		86,708
Deferred tax payable		-		-		-		520,417
Spot trade payable		-		-		-		-
Total liabilities		167,416		1,449,339		374,482		648,193
Net Assets	$	360,203,376	$	251,868,513	$	36,626,406	$	153,727,003

Net Assets Consist of:
Paid-in capital	$	341,355,043	$	221,862,100	$	28,070,355	$	144,351,951
Total distributable earnings (accumulated deficit)		18,848,333		30,006,413		8,556,051		9,375,052
Net Assets:	$	360,203,376	$	251,868,513	$	36,626,406	$	153,727,003

Calculation of Net Asset Value Per Share:
Net Assets	$	360,203,376	$	251,868,513	$	36,626,406	$	153,727,003
Shares Outstanding (unlimited shares of beneficial interest authorized, no par value)		12,260,000		8,600,000		1,000,000		5,700,000
Net Asset Value per Share	$	29.38	$	29.29	$	36.63	$	26.97

Cost of Investments in Securities	$	339,240,668	$	221,588,951	$	27,930,179	$	144,105,855
Cost of Foreign Currency	$	-	$	-	$	-	$	992

(1) Includes loaned securities with a value of	$	46,755	$	7,094	$	-	$	-

The accompanying notes are an integral part of these financial statements.

132

STRIVE ETFs

STATEMENTS OF ASSETS AND LIABILITIES

July 31, 2023

	Strive 1000 Dividend Growth ETF		Strive 1000 Growth ETF		Strive 1000 Value ETF		Strive Small-Cap ETF
Assets:
Investments in securities, at value⁽¹⁾	$	22,401,609	$	28,976,478	$	17,093,527	$	24,025,165
Dividends and interest receivable		19,652		11,875		21,067		4,364
Securities lending income receivable (Note 5)		93		42		369		3,314
Receivable for return of capital		-		205		355		1,490
Margin deposit		-		9		-		-
Receivable for investments sold		-		-		-		57,362
Total assets		22,421,354		28,988,609		17,115,318		24,091,695

Liabilities:
Accrued investment advisory fees		5,993		4,143		2,407		3,296
Due to securities lending agent (Note 5)		-		6,750		12,381		248,817
Total liabilities		5,993		10,893		14,788		252,113
Net Assets	$	22,415,361	$	28,977,716	$	17,100,530	$	23,839,582

Net Assets Consist of:
Paid-in capital	$	21,017,161	$	25,825,518	$	16,172,997	$	22,001,825
Total distributable earnings (accumulated deficit)		1,398,200		3,152,198		927,533		1,837,757
Net Assets:	$	22,415,361	$	28,977,716	$	17,100,530	$	23,839,582

Calculation of Net Asset Value Per Share:
Net Assets	$	22,415,361	$	28,977,716	$	17,100,530	$	23,839,582
Shares Outstanding (unlimited shares of beneficial interest authorized, no par value)		800,000		900,000		650,000		850,000
Net Asset Value per Share	$	28.02	$	32.20	$	26.31	$	28.05

Cost of Investments in Securities	$	20,925,681	$	25,818,999	$	16,157,202	$	22,137,038

(1) Includes loaned securities with a value of	$	-	$	6,697	$	12,391	$	247,441

The accompanying notes are an integral part of these financial statements.

133

STRIVE ETFs

STATEMENTS OF OPERATIONS

For the Period Ended July 31, 2023

	Strive U.S. Energy ETF⁽¹⁾		Strive 500 ETF⁽²⁾		Strive U.S. Semiconductor ETF⁽³⁾		Strive Emerging Markets Ex-China ETF⁽⁴⁾
Investment Income:
Dividend income (net of foreign withholding tax of $7,383, $0, $0, and $329,255, respectively)	$	11,552,309	$	1,687,856	$	205,910	$	2,108,650
Interest income		45,096		18,126		1,407		22,646
Securities lending income (Note 5)		1,937		1,706		577		-
Total investment income		11,599,342		1,707,688		207,894		2,131,296

Expenses:
Investment advisory fees		1,376,512		59,262		63,106		191,376
Indian Rupee Tax		-		-		-		577,586
Net expenses		1,376,512		59,262		63,106		768,962

Net Investment Income (Loss)		10,222,830		1,648,426		144,788		1,362,334

Realized and Unrealized Gain (Loss) on Investments:
Net realized gain (loss) on:
Investments		7,725,816		729,927		645,463		(1,343,468	)
Foreign currency		-		-		-		19,402
		7,725,816		729,927		645,463		(1,324,066	)
Net change in unrealized appreciation (depreciation) on:
Investments		20,830,640		30,091,084		8,689,025		10,129,430
Foreign currency		-		-		-		(329,732	)
		20,830,640		30,091,084		8,689,025		9,799,698
Net realized and unrealized gain (loss) on investments:		28,556,456		30,821,011		9,334,488		8,475,632
Net Increase (Decrease) in Net Assets Resulting from Operations	$	38,779,286	$	32,469,437	$	9,479,276	$	9,837,966

	(1)	The Fund commenced operations on August 9, 2022.
	(2)	The Fund commenced operations on September 15, 2022.
	(3)	The Fund commenced operations on October 6, 2022.
	(4)	The Fund commenced operations on January 31, 2023.

The accompanying notes are an integral part of these financial statements.

134

STRIVE ETFs

STATEMENTS OF OPERATIONS

For the Period Ended July 31, 2023

	Strive 1000 Dividend Growth ETF⁽¹⁾		Strive 1000 Growth ETF⁽¹⁾		Strive 1000 Value ETF⁽¹⁾		Strive Small-Cap ETF⁽¹⁾
Investment Income:
Dividend income (net of foreign withholding tax of $0, $52, $6, and $80, respectively)	$	127,554	$	65,578	$	140,437	$	84,989
Interest income		1,177		1,574		849		1,419
Securities lending income (Note 5)		169		142		909		7,375
Total investment income		128,900		67,294		142,195		93,783

Expenses:
Investment advisory fees		23,607		13,177		9,131		11,124
Net expenses		23,607		13,177		9,131		11,124

Net Investment Income		105,293		54,117		133,064		82,659

Realized and Unrealized Gain on Investments:
Net realized gain (loss) on:
Investments		30,599		28,675		1,603		133,494
		30,599		28,675		1,603		133,494
Net change in unrealized appreciation on:
Investments		1,475,928		3,157,479		936,325		1,888,127
		1,475,928		3,157,479		936,325		1,888,127
Net realized and unrealized gain on investments:		1,506,527		3,186,154		937,928		2,021,621
Net Increase in Net Assets Resulting from Operations	$	1,611,820	$	3,240,271	$	1,070,992	$	2,104,280

(1)

The Fund commenced operations on November 10, 2022.

The accompanying notes are an integral part of these financial statements.

135

STRIVE ETFs

STATEMENTS OF CHANGES IN NET ASSETS

	Strive U.S. Energy ETF For the Period Ended July 31, 2023⁽¹⁾			Strive 500 ETF For the Period Ended July 31, 2023⁽²⁾			Strive U.S. Semiconductor ETF For the Period Ended July 31, 2023⁽³⁾			Strive Emerging Markets Ex-China ETF For the Period Ended July 31, 2023⁽⁴⁾
Increase (Decrease) in Net Assets from:
Operations:
Net investment income (loss)	$	10,222,830		$	1,648,426		$	144,788		$	1,362,334
Net realized gain (loss) on investments		7,725,816			729,927			645,463			(1,324,066	)
Net change in unrealized appreciation (depreciation) on investments		20,830,640			30,091,084			8,689,025			9,799,698
Net increase (decrease) in net assets resulting from operations		38,779,286			32,469,437			9,479,276			9,837,966

Distributions to Shareholders:
Distributable earnings		(9,891,239	)		(1,419,614	)		(137,017	)		(462,914	)
Total distributions to shareholders		(9,891,239	)		(1,419,614	)		(137,017	)		(462,914	)

Capital Share Transactions:
Proceeds from shares sold		423,825,077			229,618,180			31,001,497			143,615,130
Payments for shares redeemed		(92,509,749	)		(8,799,490	)		(3,717,350	)		-
Transaction fees (See Note 1)		1			-			-			736,821
Net increase in net assets derived from net change in capital share transactions		331,315,329			220,818,690			27,284,147			144,351,951

Net Increase in Net Assets		360,203,376			251,868,513			36,626,406			153,727,003

Net Assets:
Beginning of period		-			-			-			-
End of period	$	360,203,376		$	251,868,513		$	36,626,406		$	153,727,003

Changes in Shares Outstanding:
Shares outstanding, beginning of period		-			-			-			-
Shares sold		15,500,000			8,950,000			1,150,000			5,700,000
Shares repurchased		(3,240,000	)		(350,000	)		(150,000	)		-
Shares outstanding, end of period		12,260,000			8,600,000			1,000,000			5,700,000

	(1)	The Fund commenced operations on August 9, 2022.
	(2)	The Fund commenced operations on September 15, 2022.
	(3)	The Fund commenced operations on October 6, 2022.
	(4)	The Fund commenced operations on January 31, 2023.

The accompanying notes are an integral part of these financial statements.

136

STRIVE ETFs

STATEMENTS OF CHANGES IN NET ASSETS

	Strive 1000 Dividend Growth ETF For the Period Ended July 31, 2023⁽¹⁾			Strive 1000 Growth ETF For the Period Ended July 31, 2023⁽¹⁾			Strive 1000 Value ETF For the Period Ended July 31, 2023⁽¹⁾			Strive Small-Cap ETF For the Period Ended July 31, 2023⁽¹⁾
Increase (Decrease) in Net Assets from:
Operations:
Net investment income	$	105,293		$	54,117		$	133,064		$	82,659
Net realized gain (loss) on investments		30,599			28,675			1,603			133,494
Net change in unrealized appreciation on investments		1,475,928			3,157,479			936,325			1,888,127
Net increase in net assets resulting from operations		1,611,820			3,240,271			1,070,992			2,104,280

Distributions to Shareholders:
Distributable earnings		(84,274	)		(43,091	)		(102,472	)		(67,734	)
Total distributions to shareholders		(84,274	)		(43,091	)		(102,472	)		(67,734	)

Capital Share Transactions:
Proceeds from shares sold		22,209,595			27,123,990			17,387,200			24,431,395
Payments for shares redeemed		(1,321,780	)		(1,343,455	)		(1,255,190	)		(2,628,360	)
Transaction fees (See Note 1)		-			1			-			1
Net increase in net assets derived from net change in capital share transactions		20,887,815			25,780,536			16,132,010			21,803,036

Net Increase in Net Assets		22,415,361			28,977,716			17,100,530			23,839,582

Net Assets:
Beginning of period		-			-			-			-
End of period	$	22,415,361		$	28,977,716		$	17,100,530		$	23,839,582

Changes in Shares Outstanding:
Shares outstanding, beginning of period		-			-			-			-
Shares sold		850,000			950,000			700,000			950,000
Shares repurchased		(50,000	)		(50,000	)		(50,000	)		(100,000	)
Shares outstanding, end of period		800,000			900,000			650,000			850,000

(1)

The Fund commenced operations on November 10, 2022.

The accompanying notes are an integral part of these financial statements.

137

STRIVE ETFs

FINANCIAL HIGHLIGHTS

For the Period Ended July 31, 2023

	Net Asset Value, Beginning of Period	Net Investment Income (Loss)⁽¹⁾	Net Realized and Unrealized Gain (Loss) on Investments	Net Increase in Net Asset Value Resulting from Operations	Distributions from Net Investment Income	Total Distributions	Net Asset Value, End of Period	Total Return⁽²⁾	Net Assets, End of Period (000’s)	Net Expenses⁽³⁾	Net Investment Income (Loss)⁽³⁾	Portfolio Turnover Rate⁽⁴⁾⁽⁶⁾
Strive U.S. Energy ETF
August 9, 2022⁽⁵⁾to July 31, 2023	$25.12	0.84	4.20	5.04	(0.78)	(0.78)	$29.38	20.22%	$360,203	0.41%	3.04%	6%
Strive 500 ETF
September 15, 2022⁽⁵⁾to July 31, 2023	$25.10	0.35	4.10	4.45	(0.26)	(0.26)	$29.29	17.85%	$251,869	0.05%	1.52%	3%
Strive U.S. Semiconductor ETF
October 6, 2022⁽⁵⁾ to July 31, 2023	$25.07	0.22	11.53	11.75	(0.19)	(0.19)	$36.63	47.03%	$36,626	0.40%	0.92%	10%
Strive Emerging Markets Ex-China ETF
January 31, 2023⁽⁵⁾to July 31, 2023	$25.17	0.29	1.59	1.88	(0.08)	(0.08)	$26.97	7.49%	$153,727	1.29%	2.28%	39%
Strive 1000 Dividend Growth ETF
November 10, 2022⁽⁵⁾to July 31, 2023	$24.59	0.30	3.35	3.65	(0.22)	(0.22)	$28.02	14.90%	$22,415	0.35%	1.56%	18%
Strive 1000 Growth ETF
November 10, 2022⁽⁵⁾ to July 31, 2023	$24.51	0.16	7.64	7.80	(0.11)	(0.11)	$32.20	31.88%	$28,978	0.18%	0.74%	2%
Strive 1000 Value ETF
November 10, 2022⁽⁵⁾ to July 31, 2023	$24.45	0.47	1.72	2.19	(0.33)	(0.33)	$26.31	9.03%	$17,101	0.18%	2.62%	4%
Strive Small-Cap ETF
November 10, 2022⁽⁵⁾to July 31, 2023	$24.32	0.25	3.67	3.92	(0.19)	(0.19)	$28.05	16.20%	$23,840	0.18%	1.34%	20%

	(1)	Net investment income per share represents net investment income divided by the daily average shares of beneficial interest outstanding throughout the period.
	(2)	All returns reflect reinvested dividends, if any, but do not reflect the impact of taxes. Total return for a period of less than one year is not annualized.
	(3)	For periods of less than one year, these ratios are annualized.
	(4)	Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year.
	(5)	Commencement of operations.
	(6)	Excludes the impact of in-kind transactions.

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements.

138

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JULY 31, 2023

NOTE 1 – ORGANIZATION

Each of Strive U.S. Energy ETF, Strive 500 ETF, Strive U.S. Semiconductor ETF, Strive Emerging Markets Ex-China ETF, Strive 1000 Dividend Growth ETF, Strive 1000 Growth ETF, Strive 1000 Value ETF, and Strive Small-Cap ETF (individually a “Fund” or collectively the “Funds”) is a series of the EA Series Trust (the “Trust”), which was organized as a Delaware statutory trust on October 11, 2013. The Trust is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company and the offering of the Funds’ shares (“Shares”) is registered under the Securities Act of 1933, as amended (the “Securities Act”). Each of the Funds is considered non-diversified under the 1940 Act. Non-diversified funds generally hold securities of fewer issuers than diversified funds and may be more susceptible to the risks associated with these particular issuers, or to a single economic, political or regulatory occurrence affecting these issuers. Each Fund qualifies as an investment company as defined in the Financial Accounting Standards Codification Topic 946-Financial Services - Investment Companies. The investment objective of each Fund is to seek to track the total return performance, before fees and expenses, of its particular index. The underlying index for each Fund is defined below:

Fund		Index
Strive U.S. Energy ETF		Solactive United States Energy Regulated Capped Index
Strive 500 ETF		Solactive GBS United States 500 Index
Strive U.S. Semiconductor ETF		Solactive United States Semiconductors 30 Capped Index
Strive Emerging Markets Ex-China ETF		Bloomberg Emerging Markets ex China Large & Mid Cap Index
Strive 1000 Dividend Growth ETF		Bloomberg U.S. 1000 Dividend Growth Index
Strive 1000 Growth ETF		Bloomberg U.S. 1000 Growth Index
Strive 1000 Value ETF		Bloomberg U.S. 1000 Value Index
Strive Small-Cap ETF		Bloomberg U.S. 600 Index

Strive U.S. Energy ETF commenced operations on August 9, 2022. Strive 500 ETF commenced operations on September 15, 2022. Strive U.S. Semiconductor ETF commenced operations on October 6, 2022. Strive 1000 Dividend Growth ETF, Strive 1000 Growth ETF, Strive 1000 Value ETF, and Strive Small-Cap ETF commenced operations on November 10, 2022. Strive Emerging Markets Ex-China ETF commenced operations on January 31, 2023. Each Fund manages to its respective index. A short description of each index is as follows:

The Solactive United States Energy Regulated Capped Index, Solactive GBS United States 500 Index, Solactive United States Semiconductors 30 Capped Index, and Solactive GBS Emerging Markets ex China Large and Mid Cap Index are based on proprietary methodologies developed by Solactive AG, licensed to Strive Assets Management, LLC.

The Bloomberg U.S. 1000 Dividend Growth Index, Bloomberg U.S. 1000 Growth Index, Bloomberg U.S. 1000 Value Index, and Bloomberg U.S. 2000 Index are based on proprietary methodologies developed by Bloomberg Index Services Limited, licensed to Strive Assets Management, LLC.

Effective January 25, 2023 Strive Small-Cap ETF changed its name from Strive 2000 ETF to Strive Small-Cap ETF, and its Index from Bloomberg U.S. 2000 Index to the Bloomberg U.S. 600 Index.

Shares of the Strive U.S. Energy ETF, Strive 500 ETF, Strive U.S. Semiconductor ETF, and Strive Emerging Markets Ex-China ETF are listed and traded on the NYSE Arca, Inc. Shares of Strive 1000 Dividend Growth ETF, Strive 1000 Growth ETF, Strive 1000 Value ETF, and Strive Small-Cap ETF are listed and traded on The Nasdaq Stock Market.

139

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
JULY 31, 2023

Market prices for the shares may be different from their net asset value (“NAV”). The Funds issue and redeem shares on a continuous basis at NAV only in blocks of shares, called “Creation Units.” These are the blocks of shares for each fund. Strive U.S. Energy ETF and Strive U.S. Semiconductor ETF 10,000 shares, Strive 500 ETF, Strive 1000 Dividend Growth ETF, Strive 1000 Growth ETF, Strive Small-Cap ETF, and Strive 1000 Value ETF 50,000 shares, Strive Emerging Markets Ex-China 100,000 shares. Creation Units are issued and redeemed principally in-kind for securities included in a specified universe. Once created, shares generally trade in the secondary market at market prices that change throughout the day in share amounts less than a Creation Unit. Except when aggregated in Creation Units, shares are not redeemable securities of the Funds. Shares of the Funds may only be purchased or redeemed by certain financial institutions (“Authorized Participants”). An Authorized Participant is either (i) a broker-dealer or other participant in the clearing process through the Continuous Net Settlement System of the National Securities Clearing Corporation or (ii) a DTC participant and, in each case, must have executed a Participant Agreement with the Distributor. Most retail investors do not qualify as Authorized Participants nor have the resources to buy and sell whole Creation Units. Therefore, they are unable to purchase or redeem the shares directly from the Funds. Rather, most retail investors may purchase shares in the secondary market with the assistance of a broker and are subject to customary brokerage commissions or fees.

Authorized Participants may be required to pay a transaction fee to compensate the Fund as applicable or its custodian for costs incurred in connection with creation and redemption transactions. The standard transaction fee, which is payable to the Trust’s custodian, typically applies to in-kind purchases of the Funds effected through the clearing process on any business day, regardless of the number of Creation Units purchased or redeemed that day (“Standard Transaction Fees”). Variable fees are imposed to compensate the Funds for the transaction costs associated with the cash transactions fees. Certain fund deposits consisting of cash-in-lieu or cash value may be subject to a variable charge (“Variable Transaction Fees”), which are payable to a Fund, of up to 2.00% of the value of the order in addition to the Standard Transaction Fees. Variable Transaction Fees received by a Fund, if any, are displayed in the Capital Share Transactions sections of the Statements of Changes in Net Assets.

Because, among other things, the Funds impose transaction fees on purchases and redemptions of Shares to cover the custodial and other costs incurred by the Funds in effecting trades, the Board determined that it is not necessary to adopt policies and procedures to detect and deter market timing of the Funds’ Shares.

NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of significant accounting policies consistently followed by the Fund. These policies are in conformity with accounting principles generally accepted in the United States of America (“GAAP”).

Security Valuation. Equity securities that are traded on a national securities exchange, except those listed on the NASDAQ Global Market^®(“NASDAQ”) are valued at the last reported sale price on the exchange on which the security is principally traded. Securities traded on NASDAQ will be valued at the NASDAQ Official Closing Price (“NOCP”). If, on a particular day, an exchange-traded or NASDAQ security does not trade, then the most recent quoted bid for exchange-traded or the mean between the most recent quoted bid and ask price for NASDAQ securities will be used. Equity securities that are not traded on a listed exchange are generally valued at the last sale price in the over-the-counter market. If a non-exchange traded security does not trade on a particular day, then the mean between the last quoted closing bid and asked price will be used. Prices denominated in foreign currencies are converted to U.S. dollar equivalents at the current exchange rate, which approximates fair value. Redeemable securities issued by open-end investment companies are valued at the investment company’s applicable net asset value, with the exception of exchange-traded open-end investment companies which are priced as equity securities.

140

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
JULY 31, 2023

Subject to its oversight, the Trust’s Board of Trustees (the “Board”) has delegated primary responsibility for determining or causing to be determined the value of the Fund’s investments to Empowered Funds, LLC d/b/a EA Advisers (the “Adviser”), pursuant to the Trust’s valuation policy and procedures, which have been adopted by the Trust and approved by the Board. Effective September 8, 2022, and in accordance with Rule 2a-5 under the 1940 Act, the Board designated the Adviser as the “valuation designee” of the Fund. If the Adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the Adviser in accordance with the Trust’s fair valuation policy and procedures. The Adviser will provide the Board with periodic reports, no less frequently than quarterly, that discuss the functioning of the valuation process, if applicable, and that identify issues and valuation problems that have arisen, if any. As appropriate, the Adviser and the Board will review any securities valued by the Adviser in accordance with the Trust’s valuation policies during these periodic reports. The use of fair value pricing by the Fund may cause the net asset value of its shares to differ significantly from the net asset value that would be calculated without regard to such considerations. As of July 31, 2023, the Funds did hold securities valued by the valuation designee.

As described above, the Funds may use various methods to measure the fair value of their investments on a recurring basis. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are:

Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the Funds have the ability to access.

Level 2 – Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 – Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing the Funds’ own assumptions about the assumptions a market participant would use in valuing the asset or liability and would be based on the best information available.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

141

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
JULY 31, 2023

The following is a summary of the fair value classification of the Funds’ investments as of July 31, 2023:

DESCRIPTION	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL
Strive U.S. Energy ETF
Assets*
Common Stocks	$	358,587,365	$	-	$	-	$	358,587,365
Investments Purchased with Proceeds from Securities Lending		48,000		-		-		48,000
Money Market Funds		1,435,943		-		-		1,435,943
Total Investments in Securities	$	360,071,308	$	-	$	-	$	360,071,308

Strive 500 ETF
Assets*
Common Stocks	$	245,476,516	$	-	$	-	$	245,476,516
Real Estate Invesment Trusts		5,374,507		-		-		5,374,507
Investments Purchased with Proceeds from Securities Lending		7,301		-		-		7,301
Money Market Funds		821,711		-		-		821,711
Total Investments in Securities	$	251,680,035	$	-	$	-	$	251,680,035

Strive U.S. Semiconductor ETF
Assets*
Common Stocks	$	36,557,866	$	-	$	-	$	36,557,866
Investments Purchased with Proceeds from Securities Lending		-		-		-		-
Money Market Funds		61,338		-		-		61,338
Total Investments in Securities	$	36,619,204	$	-	$	-	$	36,619,204

Strive Emerging Markets Ex-China ETF
Assets*
Common Stocks	$	147,665,310	$	-	$	275,658	$	147,940,968
Preferred Stocks		4,972,085		-		-		4,972,085
Real Estate Invesment Trusts		181,519		-		-		181,519
Money Market Funds		810,994		-		-		810,994
Total Investments in Securities	$	153,629,908	$	-	$	275,658	$	153,905,566

Strive 1000 Dividend Growth ETF
Assets*
Common Stocks	$	21,607,127	$	-	$	-	$	21,607,127
Real Estate Invesment Trusts		711,706		-		-		711,706
Money Market Funds		82,776		-		-		82,776
Total Investments in Securities	$	22,401,609	$	-	$	-	$	22,401,609

Strive 1000 Growth ETF
Assets*
Common Stocks	$	28,309,737	$	-	$	-	$	28,309,737
Real Estate Invesment Trusts		601,506		-		-		601,506
Investments Purchased with Proceeds from Securities Lending		6,750		-		-		6,750
Money Market Funds		58,485		-		-		58,485
Total Investments in Securities	$	28,976,478	$	-	$	-	$	28,976,478

142

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JULY 31, 2023

DESCRIPTION	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL
Strive 1000 Value ETF
Assets*
Common Stocks	$	16,341,404	$	-	$	-	$	16,341,404
Real Estate Invesment Trusts		661,329		-		-		661,329
Investments Purchased with Proceeds from Securities Lending		12,381		-		-		12,381
Money Market Funds		78,413		-		-		78,413
Total Investments in Securities	$	17,093,527	$	-	$	-	$	17,093,527

Strive Small-Cap ETF
Assets*
Common Stocks	$	22,207,552	$	-	$	-	$	22,207,552
Real Estate Invesment Trusts		1,466,003		-		-		1,466,003
Investments Purchased with Proceeds from Securities Lending		248,817		-		-		248,817
Money Market Funds		102,793		-		-		102,793
Total Investments in Securities	$	24,025,165	$	-	$	-	$	24,025,165

For further detail on each asset class, see the Schedule of Investments

During the fiscal year ended July 31, 2023. Strive Emerging Markets Ex-China ETF did invest in a Level 3 investment and recognized the transfer to/from Level 3. Transfers between levels are recognized at the end of the reporting period.

	Strive Emerging Markets Ex-China ETF
	Rights
Value, Beginning of Period	$	-
Purchases		124,156
Proceeds from Sales		-
Net Realized Gains (Losses)		-
Return of Capital		-
Change in Unrealized Appreciation (Depreciation)		151,502
Transfers In/(Out) of Level 3		-
Value, End of Year		275,658

143

STRIVE ETFs

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
JULY 31, 2023

Foreign Currency. Investment securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts using the spot rate of exchange at the date of valuation. Purchases and sales of investment securities and income and expense items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions.

The Funds isolate the portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. That portion of gains (losses) attributable to the changes in market prices and the portion of gains (losses) attributable to changes in foreign exchange rates are included on the “Statement of Operations” under “Net realized gain (loss) – Foreign currency” and “Change in Net Unrealized Appreciation (Depreciation) – Foreign Currency,” respectively. Each Fund reports net realized foreign exchange gains or losses that arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at fiscal period end, resulting from changes in exchange rates.

Federal Income Taxes. Each Fund intends to continue to comply with the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended, as necessary to qualify as a regulated investment company and distribute substantially all net taxable investment income and net realized gains to shareholders in a manner which results in no tax cost to a Fund. Therefore, no federal income tax provision is required. As of and during the fiscal year ended July 31, 2023. The Funds did not have any tax positions that did not meet the “more-likely-than-not” threshold of being sustained by the applicable tax authority. As of and during the fiscal year ended July 31, 2023. The Funds did not have liabilities for any unrecognized tax benefits. A Fund would/will recognize interest and penalties, if any, related to unrecognized tax benefits on uncertain tax positions as income tax expense in the Funds’ Statement of Operations. During the fiscal year ended July 31, 2023. The Funds did not incur any interest or penalties. Each Fund is subject to examination by U.S. taxing authorities for the tax periods since each Fund’s commencement of operations.

Each Fund may be subject to taxes imposed on realized and unrealized gains on securities of certain foreign countries in which the Fund invests. The foreign tax expense, if any, was recorded on an accrual basis and is included in “Net realized gain (loss) on investments” and “Net increase (decrease) in unrealized appreciation or depreciation on investments” on the accompanying Statements of Operations. The amount of foreign tax owed, if any, is included in “Payable for foreign taxes” on the accompanying Statements of Assets and Liabilities and is comprised of withholding taxes on foreign dividends and taxes on unrealized gains.

Security Transactions and Investment Income. Investment securities transactions are accounted for on the trade date. Gains and losses realized on sales of securities are determined on a specific identification basis. Dividend income is recorded on the ex-dividend date, net of any foreign taxes withheld at source. Interest income is recorded on an accrual basis. Withholding taxes on foreign dividends have been provided for in accordance with the Funds’ understanding of the applicable tax rules and regulations.

Distributions to shareholders from net investment income and from net realized gains on securities for each Fund are declared and paid on a quarterly basis. Distributions are recorded on the ex-dividend date. The Funds may distribute more frequently, if necessary, for tax purposes.

144

STRIVE ETFs

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
JULY 31, 2023

Use of Estimates. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, as well as the reported amounts of increases and decreases in net assets from operations during the period. Actual results could differ from those estimates.

Share Valuation. The NAV per share of each Fund is calculated by dividing the sum of the value of the securities held by the Fund, plus cash and other assets, minus all liabilities (including estimated accrued expenses) by the total number of shares outstanding for the Fund, rounded to the nearest cent. The Funds’ shares will not be priced on the days on which the New York Stock Exchange (“NYSE”) is closed for regular trading. The offering and redemption price per share for each Fund is equal to the Fund’s net asset value per share.

Guarantees and Indemnifications. In the normal course of business, the Funds enter into contracts with service providers that contain general indemnification clauses. Additionally, as is customary, the Trust’s organizational documents permit the Trust to indemnify its officers and trustees against certain liabilities under certain circumstances. Each Fund’s maximum exposure under these arrangements is unknown as this would involve future claims that may be against the Funds that have not yet occurred. As of the date of this Report, no claim has been made for indemnification pursuant to any such agreement of the Funds.

Reclassification of Capital Accounts. GAAP requires that certain components of net assets relating to permanent differences be reclassified between financial and tax reporting. These reclassifications have no effect on net assets or net asset value per share. In addition, the Funds realized net capital gains resulting from in-kind redemptions, in which shareholders exchanged Fund shares for securities held by the Funds rather than for cash. Because such gains are not taxable to the Funds, and are not distributed to shareholders, they have been reclassified from distributable earnings to paid-in capital. For the fiscal year ended July 31, 2023. The following table shows the reclassifications made:

	Distributable Earnings			Paid in Capital
Strive U.S. Energy ETF	$	(10,039,714	)	$	10,039,714
Strive 500 ETF		(1,043,410	)		1,043,410
Strive U.S. Semiconductor ETF		(786,208	)		786,208
Strive Emerging Markets Ex-China ETF		-			-
Strive 1000 Dividend Growth ETF		(129,346	)		129,346
Strive 1000 Growth ETF		(44,982	)		44,982
Strive 1000 Value ETF		(40,987	)		40,987
Strive Small-Cap ETF		(198,789	)		198,789

145

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
JULY 31, 2023

NOTE 3 – RISKS

An investment in the Funds involves risk, including those described below. There is no assurance that the Funds will achieve its investment objective. An investor may lose money by investing in the Funds. An investment in the Funds is not a bank deposit and is not insured or guaranteed by the FDIC or any government agency. More complete risk descriptions are set forth below under the heading “Additional Information About the Fund’s Risks”.

The Strive U.S. Energy ETF and the Strive U.S. Semiconductor ETF are subject to non-diversification risk. Because the Funds are non-diversified, they may be more sensitive to economic, business, political or other changes affecting individual issuers or investments than a diversified fund, which may result in greater fluctuation in the value of the Funds’ Shares and greater risk of loss.

The Strive U.S. Energy ETF is subject to energy sector risk. The market value of securities in the energy sector may decline for many reasons including, fluctuations in energy prices and supply and demand of energy fuels caused by geopolitical events, the success of exploration projects, weather or meteorological events, taxes, increased governmental or environmental regulation, resource depletion, rising interest rates, declines in domestic or foreign production, accidents or catastrophic events that result in injury, loss of life or property, pollution or other environmental damage claims, terrorist threats or attacks, among other factors. Markets for various energy-related commodities can have significant volatility and are subject to control or manipulation by large producers or purchasers. Companies in the energy sector may need to make substantial expenditures, and may incur significant amounts of debt, to maintain or expand their reserves through exploration of new sources of supply, through the development of existing sources, through acquisitions, or through long-term contracts to acquire reserves. Factors adversely affecting producers, refiners, distributors, or others in the energy sector may adversely affect companies that service or supply those entities, either because demand for those services or products is curtailed, or those services or products come under price pressure. Issuers in the energy sector may also be impacted by changing investor and consumer preferences arising from the sector’s potential exposure to sustainability and environmental concerns.

The Strive U.S. Semiconductor ETF is subject to semiconductor sector risk. The semiconductor sector is highly cyclical and periodically experiences significant economic downturns characterized by diminished product demand, resulting in production overcapacity and excess inventory, which can result in rapid erosion of product selling prices. The sector has experienced significant downturns, often in connection with, or in anticipation of, maturing product cycles of both semiconductor companies’ and their customers’ products and the decline in general economic conditions. The Strive U.S. Semiconductor ETF is also subject to technology sector risk. The Fund will have exposure to companies operating in the technology sector. Technology companies, including information technology companies, may have limited product lines, financial resources and/or personnel. Technology companies typically face intense competition and potentially rapid product obsolescence. They are also heavily dependent on intellectual property rights and may be adversely affected by the loss or impairment of those rights.

The Strive 1000 Growth ETF is subject to growth investing risk. The Fund invests in growth securities, which may be more volatile than other types of investments, may perform differently than the market as a whole and may underperform when compared to securities with different investment parameters. Under certain market conditions, growth securities have performed better during the later stages of economic recovery (although there is no guarantee that they will continue to do so). Therefore, growth securities may go in and out of favor over time.

The Strive 1000 Value ETF is subject to value investing risk. Securities issued by companies that may be perceived as undervalued may be appropriately valued. Value securities may fail to appreciate for long periods of time or may never realize their full potential value. In addition, the Fund’s ability to realize any benefits of investing in value securities may depend on the Fund’s ability to stay invested until the market’s perception of such securities

146

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JULY 31, 2023

change. Value securities have generally performed better than non-value securities during periods of economic recovery (although there is no assurance that they will continue to do so). Value securities may go in and out of favor over time.

The Strive Emerging Markets Ex-China ETF is subject to sampling risk. The Fund’s use of a representative sampling approach will result in it holding a smaller number of securities than are in the Index. As a result, an adverse development respecting a security held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Index. Conversely, a positive development relating to a security in the Index that is not held by the Fund could cause the Fund to underperform the Index. To the extent the assets in the Fund are smaller, these risks will be greater.

Emerging Markets Risk. Investments in securities and instruments traded in developing or emerging markets, or that provide exposure to those securities or markets, can involve additional risks relating to political, economic, or regulatory conditions not associated with investments in U.S. securities and instruments. For example, developing and emerging markets may be subject to (i) greater market volatility, (ii) lower trading volume and liquidity, (iii) greater social, political and economic uncertainty, (iv) governmental controls on foreign investments and limitations on repatriation of invested capital, (v) lower disclosure, corporate governance, auditing and financial reporting standards, (vi) fewer protections of property rights, (vii) restrictions on the transfer of securities or currency, and (viii) settlement and trading practices that differ from those in U.S. markets. Each of these factors may impact the ability of the Fund to buy, sell or otherwise transfer securities, adversely affect the trading market and price for Shares and cause the Fund to decline in value.

See the Funds’ Prospectus and Statement of Additional Information regarding the risks of investing in shares of the Funds.

NOTE 4 – COMMITMENTS AND OTHER RELATED PARTY TRANSACTIONS.

Empowered Funds, LLC d/b/a EA Advisers (the “Adviser”) serves as the investment adviser to the Funds. Pursuant to an investment advisory agreement (the “Advisory Agreement”) between the Trust, on behalf of the Funds, and the Adviser, the Adviser provides investment advice to the Funds and oversees the day-to-day operations of the Funds, subject to the direction and control of the Board and the officers of the Trust. Under the Advisory Agreement, the Adviser is also responsible for arranging transfer agency, custody, fund administration and accounting, and other non-distribution related services necessary for the Funds to operate. The Adviser administers the Funds’ business affairs, provides office facilities and equipment and certain clerical, bookkeeping and administrative services. The Adviser agrees to pay all expenses incurred by the Funds except for the fee paid to the Adviser pursuant to the Advisory Agreement, payments under any distribution plan adopted pursuant to Rule 12b-1, brokerage expenses, acquired fund fees and expenses, taxes (including tax-related services), interest (including borrowing costs), litigation expense (including class action-related services) and other non-routine or extraordinary expenses.

U.S. Bancorp Fund Services, LLC (“Fund Services” or “Administrator”), doing business as U.S. Bank Global Fund Services, acts as the Funds’ Administrator and, in that capacity, performs various administrative and accounting services for the Funds. The Administrator prepares various federal and state regulatory filings, reports and returns for the Funds, including regulatory compliance monitoring and financial reporting; prepares reports and materials to be supplied to the trustees; monitors the activities of the Funds’ Custodian, transfer agent and fund accountant. Fund Services also serves as the transfer agent and fund accountant to the Funds. U.S. Bank N.A. (the “Custodian”), an affiliate of the Administrator, serves as the Funds’ Custodian.

The Custodian acts as the securities lending agent (the “Securities Lending Agent”) for the Funds.

147

STRIVE ETFs

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JULY 31, 2023

Strive Asset Management, LLC, serves as a discretionary investment sub-adviser to the Funds. Pursuant to an investment sub-advisory agreement (the “Sub-Advisory Agreement”) among the Trust, the Adviser and the Sub-Adviser, the Sub-Adviser is responsible for determining the investment exposures for the Funds, subject to the overall supervision and oversight of the Adviser and the Board.

At a Board meeting held on July 26, 2022, the Board of Trustees of the Trust (the “Trustees”) including each Trustee who is not an “interested person” of the Trust, as defined in the 1940 Act, approved the Advisory Agreement and Sub-Advisory Agreement for the Strive U.S. Energy ETF, Strive 500 ETF, Strive U.S. Semiconductor ETF, and Strive Emerging Markets Ex-China ETF.

At a Board meeting held on November 4, 2022, the Trustees including each Trustee who is not an “interested person” of the Trust, as defined in the 1940 Act, approved the Advisory Agreement and Sub-Advisory Agreement for the Strive 1000 Dividend Growth ETF, Strive 1000 Growth ETF, Strive 1000 Value ETF, and Strive Small-Cap ETF.

The table below represents the annual rate based on average daily net assets that each Fund pays the Adviser monthly:

Strive U.S. Energy ETF	0.41	%
Strive 500 ETF	0.0545	%
Strive U.S. Semiconductor ETF	0.40	%
Strive Emerging Markets Ex-China ETF	0.32	%
Strive 1000 Dividend Growth ETF	0.35	%
Strive 1000 Growth ETF	0.18	%
Strive 1000 Value ETF	0.18	%
Strive Small-Cap ETF	0.18	%

NOTE 5 – SECURITIES LENDING

The Funds may lend up to 33⅓% of the value of the securities in their portfolios to brokers, dealers and financial institutions (but not individuals) under terms of participation in a securities lending program administered by the Securities Lending Agent. The securities lending agreement requires that loans are collateralized at all times in an amount equal to at least 102% of the value of any domestic loaned securities at the time of the loan, plus accrued interest. The use of loans of foreign securities, which are denominated and payable in U.S. dollars, shall be collateralized in an amount equal to 105% of the value of any loaned securities at the time of the loan plus accrued interest. The Funds receive compensation in the form of fees and earn interest on the cash collateral. The amount of fees depends on a number of factors including the type of security and length of the loan. The Funds continue to receive interest payments or dividends on the securities loaned during the borrowing period. Gain or loss on the value of securities loaned that may occur during the term of the loan will be for the account of the Funds. The Funds have the right under the terms of the securities lending agreement to recall the securities from the borrower on demand.

The securities lending agreement provides that, in the event of a borrower’s material default, the Securities Lending Agent shall take all actions the Securities Lending Agent deems appropriate to liquidate the collateral, purchase replacement securities at the Securities Lending Agent’s expense, or pay the Fund an amount equal to the market value of the loaned securities, subject to certain limitations which are set forth in detail in the securities lending agreement between the Funds and the Securities Lending Agent.

148

STRIVE ETFs

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
JULY 31, 2023

As of the end of the current fiscal period, certain Funds had loaned securities and received cash collateral for the loans. The cash collateral is invested by the Securities Lending Agent in accordance with the Trust approved investment guidelines. Those guidelines require the cash collateral to be invested in readily marketable, high quality, short-term obligations; however, such investments are subject to risk of payment delays or default on the part of the issuer or counterparty or otherwise may not generate sufficient interest to support the costs associated with securities lending. The Funds could also experience delays in recovering its securities and possible loss of income or value if the borrower fails to return the borrowed securities, although the Funds are indemnified from this risk by contract with the Securities Lending Agent.

As of the end of the current fiscal year. The values of the securities on loan and payable for collateral due to broker for the Funds were as follows:

	Value of Securities on Loan		Payable for Collateral Received*		Percentage of Net Assets of Securities On Loan
Strive U.S. Energy ETF	$	46,755	$	48,000		0.01	%
Strive 500 ETF		7,094		7,301		0.00	%^
Strive U.S. Semiconductor ETF		-		-		0.00	%
Strive Emerging Markets Ex-China ETF		-		-		0.00	%
Strive 1000 Dividend Growth ETF		-		-		0.00	%
Strive 1000 Growth ETF		6,697		6,750		0.02	%
Strive 1000 Value ETF		12,391		12,381		0.07	%
Strive Small-Cap ETF		247,441		248,817		1.04	%

	*	The cash collateral received was invested in the First American Money Market Government Obligations Fund as shown on the Schedule of Investments. The investment objective is to seek maximum current income to the extent consistent with the preservation of capital and maintenance of liquidity.
	^	Rounds to less than 0.005%.

The interest income earned by the Funds on the investment of cash collateral received from borrowers for the securities loaned to them (“Securities Lending Income, Net”) is reflected in the Funds’ Statement of Operations. Net securities lending income earned on collateral investments and recognized by the Funds during the fiscal period, was as follows:

Strive U.S. Energy ETF	$	1,937
Strive 500 ETF		1,706
Strive U.S. Semiconductor ETF		577
Strive Emerging Markets Ex-China ETF		-
Strive 1000 Dividend Growth ETF		169
Strive 1000 Growth ETF		142
Strive 1000 Value ETF		909
Strive Small-Cap ETF		7,375

149

STRIVE ETFs

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
JULY 31, 2023

NOTE 6 – PURCHASES AND SALES OF SECURITIES

For the fiscal year ended July 31, 2023. Purchases and sales of securities for the Funds, excluding short-term securities and in-kind transactions, were as follows:

	Purchases		Sales
Strive U.S. Energy ETF	$	31,752,328	$	18,703,555
Strive 500 ETF		6,496,319		3,129,998
Strive U.S. Semiconductor ETF		4,116,036		1,814,496
Strive Emerging Markets Ex-China ETF		161,560,064		41,486,516
Strive 1000 Dividend Growth ETF		1,795,575		1,616,416
Strive 1000 Growth ETF		901,821		221,353
Strive 1000 Value ETF		884,892		312,708
Strive Small-Cap ETF		3,756,433		1,648,612

For the fiscal year ended July 31, 2023. In-kind transactions associated with creations and redemptions were as follows:

	Purchases		Sales
Strive U.S. Energy ETF	$	409,166,878	$	91,608,431
Strive 500 ETF		225,327,456		8,631,948
Strive U.S. Semiconductor ETF		28,578,618		3,656,780
Strive Emerging Markets Ex-China ETF		23,995,597		-
Strive 1000 Dividend Growth ETF		21,922,446		1,288,118
Strive 1000 Growth ETF		25,335,195		288,739
Strive 1000 Value ETF		15,923,847		427,400
Strive Small-Cap ETF		21,540,304		1,984,966

For the fiscal year ended July 31, 2023. Short term and long-term gains on in-kind transactions were as follows:

	Short Term		Long Term
Strive U.S. Energy ETF	$	10,039,714	$	-
Strive 500 ETF		1,043,410		-
Strive U.S. Semiconductor ETF		786,208		-
Strive Emerging Markets Ex-China ETF		-		-
Strive 1000 Dividend Growth ETF		129,346		-
Strive 1000 Growth ETF		44,982		-
Strive 1000 Value ETF		40,987		-
Strive Small-Cap ETF		198,789		-

There were no purchases or sales of U.S. Government securities during the fiscal year ended July 31, 2023.

150

STRIVE ETFs

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
JULY 31, 2023

NOTE 7 – TAX INFORMATION

The components of tax basis cost of investments and net unrealized appreciation (depreciation) for federal income tax purposes at July 31, 2023 were as follows:

	Strive U.S. Energy ETF
Tax cost of Investments	$	340,403,747
Gross tax unrealized appreciation		30,816,758
Gross tax unrealized depreciation		(11,149,197	)
Net tax unrealized appreciation (depreciation)	$	19,667,561
Undistributed ordinary income		331,591
Undistributed long-term gain		-
Total distributable earnings		331,591
Other accumulated gain (loss)		(1,150,819	)
Total accumulated gain (loss)	$	18,848,333

	Strive 500 ETF
Tax cost of Investments	$	221,704,573
Gross tax unrealized appreciation		33,925,270
Gross tax unrealized depreciation		(3,949,808	)
Net tax unrealized appreciation (depreciation)	$	29,975,462
Undistributed ordinary income		229,083
Undistributed long-term gain		-
Total distributable earnings		229,083
Other accumulated gain (loss)		(198,132	)
Total accumulated gain (loss)	$	30,006,413

	Strive U.S. Semiconductor ETF
Tax cost of Investments	$	28,049,070
Gross tax unrealized appreciation		9,181,233
Gross tax unrealized depreciation		(611,099	)
Net tax unrealized appreciation (depreciation)	$	8,570,134
Undistributed ordinary income		7,771
Undistributed long-term gain		-
Total distributable earnings		7,771
Other accumulated gain (loss)		(21,854	)
Total accumulated gain (loss)	$	8,556,051

151

STRIVE ETFs

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
JULY 31, 2023

	Strive Emerging Markets Ex-China ETF
Tax cost of Investments	$	145,141,793
Gross tax unrealized appreciation		13,609,074
Gross tax unrealized depreciation		(4,845,314	)
Net tax unrealized appreciation (depreciation)	$	8,763,760
Undistributed ordinary income		786,005
Undistributed long-term gain		-
Total distributable earnings		786,005
Other accumulated gain (loss)		(174,713	)
Total accumulated gain (loss)	$	9,375,052

	Strive 1000 Dividend Growth ETF
Tax cost of Investments	$	20,982,610
Gross tax unrealized appreciation		1,773,257
Gross tax unrealized depreciation		(354,258	)
Net tax unrealized appreciation (depreciation)	$	1,418,999
Undistributed ordinary income		21,019
Undistributed long-term gain		-
Total distributable earnings		21,019
Other accumulated gain (loss)		(41,818	)
Total accumulated gain (loss)	$	1,398,200

	Strive 1000 Growth ETF
Tax cost of Investments	$	25,830,280
Gross tax unrealized appreciation		3,383,844
Gross tax unrealized depreciation		(237,646	)
Net tax unrealized appreciation (depreciation)	$	3,146,198
Undistributed ordinary income		11,319
Undistributed long-term gain		-
Total distributable earnings		11,319
Other accumulated gain (loss)		(5,319	)
Total accumulated gain (loss)	$	3,152,198

152

STRIVE ETFs

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
JULY 31, 2023

	Strive 1000 Value ETF
Tax cost of Investments	$	16,179,867
Gross tax unrealized appreciation		1,297,658
Gross tax unrealized depreciation		(383,998	)
Net tax unrealized appreciation (depreciation)	$	913,660
Undistributed ordinary income		33,009
Undistributed long-term gain		-
Total distributable earnings		33,009
Other accumulated gain (loss)		(19,136	)
Total accumulated gain (loss)	$	927,533

	Strive Small-Cap ETF
Tax cost of Investments	$	22,164,642
Gross tax unrealized appreciation		2,504,780
Gross tax unrealized depreciation		(644,257	)
Net tax unrealized appreciation (depreciation)	$	1,860,523
Undistributed ordinary income		19,759
Undistributed long-term gain		-
Total distributable earnings		19,759
Other accumulated gain (loss)		(42,525	)
Total accumulated gain (loss)	$	1,837,757

The difference between book and tax-basis cost is attributable to the realization for tax purposes of unrealized gains on investments in REITs, partnerships, passive foreign investment companies and wash sales. Under tax law, certain capital and foreign currency losses realized after October 31 and within the taxable year are deemed to arise on the first business day of the Fund’s next taxable year.

For the fiscal year ended July 31, 2023, the Funds did not defer any Post-October capital losses or qualified late year losses.

At July 31, 2023, the Funds had the following capital loss carryforwards:

	Unlimited Short-Term			Unlimited Long-Term
Strive U.S. Energy ETF	$	(1,150,819	)	$	-
Strive 500 ETF		(198,132	)		-
Strive U.S. Semiconductor ETF		(21,854	)		-
Strive Emerging Markets Ex-China ETF		(174,713	)		-
Strive 1000 Dividend Growth ETF		(41,818	)		-
Strive 1000 Growth ETF		(5,319	)		-
Strive 1000 Value ETF		(19,136	)		-
Strive Small-Cap ETF		(42,525	)		-

153

STRIVE ETFs

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
JULY 31, 2023

NOTE 8 – DISTRIBUTIONS TO SHAREHOLDERS

The tax character of distributions paid by the Funds during the fiscal year ended July 31, 2023. Was as follows:

	Fiscal Period Ended July 31, 2023
	Ordinary Income
Strive U.S. Energy ETF	$	9,891,239
Strive 500 ETF		1,419,614
Strive U.S. Semiconductor ETF		137,017
Strive Emerging Markets Ex-China ETF		462,914
Strive 1000 Dividend Growth ETF		84,274
Strive 1000 Growth ETF		43,091
Strive 1000 Value ETF		102,472
Strive Small-Cap ETF		67,734

NOTE 9 – CHANGE IN INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

On June 9, 2023, the Board of Trustees (“Board”) of the EA Series Trust (the “Trust”), including a majority of the Independent Trustees, upon the recommendation and approval of the Audit Committee of the Board, appointed Tait Weller & Baker, LLP (“Tait”) to serve as the Fund’s independent registered public accounting firm for the Funds for the fiscal year period July 31, 2023. Tait was approved as the auditor for all funds in the Trust. Tait replaces Cohen & Company, Ltd. (“Cohen”) in this role. Cohen did not resign and did not decline to stand for re-election.

During the interim period from inception of the Funds through June 9, 2023, during which Cohen served as the Fund’s independent registered public accounting firm, there were no disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K and related instructions) with Cohen on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Cohen, would have caused it to make a reference in connection with its opinion to the subject matter of the disagreement.

During the interim period from inception of the Funds through June 9, 2023, neither the Funds, nor anyone on their behalf, consulted with Tait with respect to: (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might have been rendered on the Fund’s financial statements, and no written report or oral advice was provided that Tait concluded was an important factor considered by the Fund in reaching a decision as to any accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a “disagreement” (as defined in Item 304(a)(1)(iv) of Regulation S-K and related instructions) or a “reportable event” (as defined in Item 304(a)(1)(v) of Regulation S-K).

154

STRIVE ETFs

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
JULY 31, 2023

NOTE 10 – Other

Effective July 13, 2023, Wesley Gray, Ph.D., and John Vogel, Ph.d., resigned as Principal Executive Officer and Principal Financial Officer of the Trust, respectively. Patrick Cleary and Sean Hegarty, CPA., were named their replacements as Principal Executive Officer of the Trust. Dr. Gray continues to serve as a Trustee and Chairman of the Board of Trustees.

NOTE 11 – SUBSEQUENT EVENTS

In preparing these financial statements, management of the Funds has evaluated events and transactions for potential recognition or disclosure through date the financial statements were issued. There were no transactions that occurred during the period subsequent to July 31, 2023, that materially impacted the amounts or disclosures in the Funds’ financial statements.

155

STRIVE ETFs

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

	taitweller.com

To the Shareholders of

Strive ETFs and

The Board of Trustees of EA Series Trust

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of Strive U.S. Energy ETF, Strive 500 ETF, Strive U.S. Semiconductor ETF, Strive Emerging Markets Ex-China ETF, Strive 1000 Dividend Growth ETF, Strive 1000 Growth ETF, Strive 1000 Value ETF and Strive Small-Cap ETF (the “Funds”), each a series of EA Series Trust (the “Trust”), including the schedules of investments, as of July 31, 2023, the related statements of operations, statements of changes in net assets, and the financial highlights for each of the periods indicated in the table below, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Funds as of July 31, 2023, the results of their operations, the changes in their net assets, and the financial highlights for the periods indicated in the table below, in conformity with accounting principles generally accepted in the United States of America.

Individual Funds Constituting EA Series Trust	Statement Of Operations	Statements Of Changes In Net Assets	Financial Highlights
Strive U.S. Energy ETF	For the period August 9, 2022 (commencement of operations) to July 31, 2023	For the period August 9, 2022 (commencement of operations) to July 31, 2023	For the period August 9, 2022 (commencement of operations) to July 31, 2023

Strive 500 ETF	For the period September 15, 2022 (commencement of operations) to July 31, 2023	For the period September 15, 2022 (commencement of operations) to July 31, 2023	For the period September 15, 2022 (commencement of operations) to July 31, 2023

Strive U.S. Semiconductor ETF	For the period October 6, 2022 (commencement of operations) to July 31, 2023	For the period October 6, 2022 (commencement of operations) to July 31, 2023	For the period October 6, 2022 (commencement of operations) to July 31, 2023

Strive Emerging Markets Ex-China ETF	For the period January 31, 2023 (commencement of operations) to July 31, 2023	For the period January 31, 2023 (commencement of operations) to July 31, 2023	For the period January 31, 2023 (commencement of operations) to July 31, 2023

Strive 1000 Dividend Growth ETF, Strive 1000 Growth ETF, Strive 1000 Value ETF and Strive Small-Cap ETF	For the period November 10, 2022 (commencement of operations) to July 31, 2023	For the period November 10, 2022 (commencement of operations) to July 31, 2023	For the period November 10, 2022 (commencement of operations) to July 31, 2023

156

STRIVE ETFs

To the Shareholders of
Strive ETFs and
The Board of Trustees of EA Series Trust
Page 2

Basis for Opinion

These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We have served as the auditor of one or more of the funds in the Trust since 2023.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Funds are not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of July 31, 2023 by correspondence with the custodian and brokers or through other appropriate auditing procedures when replies from brokers were unable to be obtained. We believe that our audits provide a reasonable basis for our opinion.



	TAIT, WELLER & BAKER LLP

Philadelphia, Pennsylvania

September 28, 2023

157

STRIVE ETFs

EXPENSE EXAMPLE (UNAUDITED)

JULY 31, 2023

As a shareholder of the Strive U.S. Energy ETF, Strive 500 ETF, Strive U.S. Semiconductor ETF, Strive Emerging Markets Ex-China ETF, Strive 1000 Dividend Growth ETF, Strive 1000 Growth ETF, Strive 1000 Value ETF, and/or Strive Small-Cap ETF, you incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares, and (2) ongoing costs, including management fees and other Fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in each Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The example is based on an investment of $1,000 invested at the beginning of the most recent six-month period and held the entire period (February 1, 2023 to July 31, 2023).

Actual Expenses

The first line of the table below provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled “Expenses Paid During the Fiscal Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second line of the table below provides information about hypothetical account values and hypothetical expenses based on each of the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not each Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in each Fund compared to other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales of Fund shares. Therefore, the second line of the table is useful in comparing ongoing costs only and will not help you determine the relative total costs of owning different funds. If these transactional costs were included, your costs would have been higher. The information assumes the reinvestment of all dividends and distributions.

	Annualized Expense Ratio	Beginning Account Value		Ending Account Value		Expenses Paid During the Period
Strive U.S. Energy ETF¹
Actual	0.41%	$	1,000.00	$	989.00	$	2.02
Hypothetical (5% annual return before expenses)	0.41%		1,000.00		1,022.76		2.06

Strive 500 ETF¹
Actual	0.05%	$	1,000.00	$	1,140.60	$	0.27
Hypothetical (5% annual return before expenses)	0.05%		1,000.00		1,024.55		0.25

158

STRIVE ETFs

EXPENSE EXAMPLE (UNAUDITED)
JULY 31, 2023 (CONTINUED)

	Annualized Expense Ratio	Beginning Account Value		Ending Account Value		Expenses Paid During the Period
Strive U.S. Semiconductor ETF¹
Actual	0.40%	$	1,000.00	$	1,322.00	$	2.30
Hypothetical (5% annual return before expenses)	0.40%		1,000.00		1,022.81		2.01

Strive Emerging Markets Ex-China ETF¹
Actual	1.29%	$	1,000.00	$	1,077.30	$	6.64
Hypothetical (5% annual return before expenses)	1.29%		1,000.00		1,018.40		6.46

Strive 1000 Dividend Growth ETF¹
Actual	0.35%	$	1,000.00	$	1,077.10	$	1.80
Hypothetical (5% annual return before expenses)	0.35%		1,000.00		1,023.06		1.76

Strive 1000 Growth ETF¹
Actual	0.18%	$	1,000.00	$	1,193.50	$	0.98
Hypothetical (5% annual return before expenses)	0.18%		1,000.00		1,023.90		0.90

Strive 1000 Value ETF¹
Actual	0.18%	$	1,000.00	$	1,011.70	$	0.90
Hypothetical (5% annual return before expenses)	0.18%		1,000.00		1,023.90		0.90

Strive Small-Cap ETF¹
Actual	0.18%	$	1,000.00	$	1,044.50	$	0.91
Hypothetical (5% annual return before expenses)	0.18%		1,000.00		1,023.90		0.90

1.	The dollar amounts shown as expenses paid during the period are equal to the annualized six-month expense ratio multiplied by the average account value during the period, multiplied by 181/365, to reflect the one-half year period.

159

STRIVE ETFs

REVIEW OF LIQUIDITY RISK MANAGEMENT PROGRAM (UNAUDITED)

Pursuant to Rule 22e-4 under the Investment Company Act of 1940, the Trust, on behalf of the series of the Trust covered by this shareholder report (each a “Fund”, and collectively, the “Funds”), has adopted a liquidity risk management program (“the Program”) to govern the Trust’s approach to managing liquidity risk. Rule 22e-4 seeks to promote effective liquidity risk management, thereby reducing the risk that a Fund will be unable to meet its redemption obligations and mitigating dilution of the interests of fund shareholders. The Trust’s liquidity risk management program is tailored to reflect each Fund’s particular risks, but not to eliminate all adverse impacts of liquidity risk, which would be incompatible with the nature of the Fund.

The Trust’s Board of Trustees has designated the Chief Operating Officer of the Adviser as the Program Administrator, responsible for administering the Program and its policies and procedures.

At the June 9, 2023, meeting of the Board of Trustees of the Trust, the Program Administrator provided the Trustees with a report pertaining to the operation, adequacy, and effectiveness of implementation of the Program for the period ended March 31, 2023. The report concluded that the Program appeared effectively tailored to identify potential illiquid scenarios and to enable the Funds to deliver appropriate reporting. In addition, the report concluded that the Program is adequately operating, and its implementation has been effective. The report reflected that there were no liquidity events that impacted the Funds’ ability to timely meet redemptions without dilution to existing shareholders. The report further described material changes that were made to the Program since its implementation.

There can be no assurance that the Program will achieve its objectives in the future. Please refer to the prospectus for more information regarding the Funds’ exposure to liquidity risk and other principal risks to which an investment in the Funds may be subject.

The Strive Funds were analyzed at the Board of Trustee meeting on which each respective Fund was approved.

160

STRIVE ETFs

FEDERAL TAX INFORMATION (UNAUDITED)

For the fiscal period ended July 31, 2023, certain dividends paid by the Funds may be subject to a maximum tax rate of 23.8%, as provided for by the Tax Cuts and Jobs Act of 2017. The percentage of dividends declared from ordinary income designated as qualified dividend income was as follows:

Strive U.S. Energy ETF	100.00	%
Strive 500 ETF	97.13	%
Strive U.S. Semiconductor ETF	100.00	%
Strive Emerging Markets Ex-China ETF	60.10	%
Strive 1000 Dividend Growth ETF	100.00	%
Strive 1000 Growth ETF	100.00	%
Strive 1000 Value ETF	96.54	%
Strive Small-Cap ETF	74.13	%

For corporate shareholders, the percent of ordinary income distributions qualifying for the corporate dividends received deduction for the fiscal period ended July 31, 2023 was as follows:

Strive U.S. Energy ETF	100.00	%
Strive 500 ETF	93.95	%
Strive U.S. Semiconductor ETF	100.00	%
Strive Emerging Markets Ex-China ETF	0.24	%
Strive 1000 Dividend Growth ETF	100.00	%
Strive 1000 Growth ETF	100.00	%
Strive 1000 Value ETF	93.89	%
Strive Small-Cap ETF	68.41	%

SHORT TERM CAPITAL GAIN

The percentage of taxable ordinary income distributions that are designated as short-term capital gain distributions under the Internal Revenue Section 871 (k)(2)(C) for the fiscal period ended July 31, 2023 was as follows:

Strive U.S. Energy ETF			0.00	%
Strive 500 ETF			0.00	%
Strive U.S. Semiconductor ETF			0.00	%
Strive Emerging Markets Ex-China ETF			0.00	%
Strive 1000 Dividend Growth ETF			0.00	%
Strive 1000 Growth ETF			0.00	%
Strive 1000 Value ETF			0.00	%
Strive Small-Cap ETF			0.00	%

161

STRIVE ETFs

MANAGEMENT OF THE FUNDS

The table below sets forth certain information about each of the Trust’s executive officers as well as its affiliated and independent Trustees.

Name, Address, and Year of Birth	Position(s) Held with Trust	Term of Office and Length of Time Served	Principal Occupation During Past 5 Years	Number of Funds in Fund Complex Overseen by Trustee	Other Directorships Held by Trustee During Past 5 Years
Independent Trustees
Daniel Dorn Born: 1975	Trustee	Since 2014	Associate Professor of Finance, Drexel University, LeBow College of Business (2003 – present).	42	None
Michael S. Pagano, Ph.D., CFA Born: 1962	Trustee	Since 2014	The Robert J. and Mary Ellen Darretta Endowed Chair in Finance, Villanova University (1999 – present); Co-Editor of the Financial Review (2023 – present); Founder, Michael S. Pagano, LLC (business consulting firm) (2008 – present).	42	Citadel Federal Credit Union (pro bono service for non-profit)
Chukwuemeka (Emeka) O. Oguh Born: 1983	Trustee	Since 2018	Co-founder and CEO, PeopleJoy (2016 – present).	42	None
Interested Trustee*
Wesley R. Gray, Ph.D. Born: 1980	Trustee and Chairman; President	Since 2014; 2014 – 2023	Founder and Executive Managing Member, EA Advisers (2013 – present); Founder and Executive Managing Member, Empirical Finance, LLC d/b/a Alpha Architect (2010 – present).	42	None

*	Dr. Gray is an “interested person,” as defined by the Investment Company Act, because of his employment with and ownership interest in the Adviser.

Additional information about the Affiliated Trustee and Independent Trustees is available in the Statement of Additional Information (SAI).

162

STRIVE ETFs

MANAGEMENT OF THE FUNDS (Continued)

OFFICERS TABLE

Name, Address, and Year of Birth	Position(s) Held with Trust	Term of Office and Length of Time Served	Principal Occupation During Past 5 Years
Patrick R. Cleary Born: 1982	President and Chief Executive Officer; Secretary	Since 2023; Since 2015	Chief Operating Officer (2014 – 2022) and Managing Member (2014 – present), Alpha Architect, LLC; Chief Executive Officer of EA Advisers (2021 – present).
Sean Hegarty Born: 1993	Treasurer and Chief Financial Officer; Assistant Treasurer	Since 2023; 2022 – 2023	Chief Operating Officer, EA Advisers (2022 – present); Assistant Vice President – Fund Administration, U.S. Bank Global Fund Services (2018 – 2022); Staff Accountant, Cohen & Company (2015 – 2018).
Jessica D. Leighty Born: 1981	Chief Compliance Officer	Since 2022	Chief Compliance Officer, Alpha Architect (2021 – Present), Chief Compliance Officer, Snow Capital (2015 – 2021).
Brian P. Massaro Born: 1997	Assistant Treasurer	Since 2023	Chief Data Officer, EA Advisers (2023 – present); Assistant Operating Officer, EA Advisers (2022 – 2023); Mutual Funds Administrator, U.S. Bank Global Fund Services (2019 – 2022).

163

STRIVE ETFs

INFORMATION ABOUT PORTFOLIO HOLDINGS (UNAUDITED)

The Funds file their complete schedules of portfolio holdings for their first and third fiscal quarters with the Securities and Exchange Commission (“SEC”) on Part F of Form N-PORT. The Funds’ Form N-PORT is available without charge, upon request, by calling (215) 882-9983. Furthermore, you may obtain the Form N-PORT on the SEC’s website at www.sec.gov. Each Funds’ portfolio holdings are posted on their website at https://strivefunds.com/.

INFORMATION ABOUT PROXY VOTING (UNAUDITED)

A description of the policies and procedures the Funds use to determine how to vote proxies relating to portfolio securities is provided in the Statement of Additional Information (“SAI”). The SAI is available without charge upon request by calling (215) 882-9983, by accessing the SEC’s website at www.sec.gov, or by accessing the Funds’ website at https://strivefunds.com/.

When available, information regarding how the Funds voted proxies relating to portfolio securities during the twelve months ending June 30 is (1) available by calling (215) 882-9983 and (2) the SEC’s website at www.sec.gov.

FREQUENCY DISTRIBUTION OF PREMIUMS AND DISCOUNTS (UNAUDITED)

Information regarding how often shares of each Fund trade on an exchange at a price above (i.e., at premium) or below (i.e., at a discount) the NAV of each Fund is available, without charge, on the Funds’ website at https://strivefunds.com/.

PRIVACY POLICY (UNAUDITED)

EA Series Trust (the “Trust”) is strongly committed to preserving and safeguarding the personal financial information of any customers of the Trust. Confidentiality is extremely important to us.

Regulation S-P requires, among others, each investment company to “adopt written policies and procedures that address administrative, technical, and physical safeguards for the protection of customer records and information.” However, Pursuant to Regulation S-P’s definition of “customer,” the Trust currently does not have, nor does it anticipate having in the future, any customers. In addition, the Trust does not collect any non-public personal information from any consumers.

Nonetheless, the Trust has instituted certain technical, administrative and physical safeguards through which the Trust would seek to protect personal financial information about any customers from unauthorized use and access. First, technical procedures are used in order to limit the accessibility and exposure of Trust-maintained information contained in electronic form. If customer information were obtained by the Trust, such technical procedures would cover such information.

Second, administrative procedures that are in place, would be used to control the number and type of employees, affiliated and nonaffiliated persons, to whom customer information (if the Trust were to obtain any) would be accessible.

Third, physical safeguards have been established, which if customer information were obtained by the Trust, to prevent access to such information contained in hard-copy form.

As these procedures illustrate, the Trust realizes the importance of information confidentiality and security and emphasizes practices which are aimed at achieving those goals.

164

Adviser

Empowered Funds, LLC d/b/a EA Advisers

19 East Eagle Road

Havertown, Pennsylvania 19083

Sub-Adviser

Strive Asset Management, LLC

6515 Longshore Loop, Suite 100

Dublin, Ohio 43017

Distributor

Quasar Distributors, LLC

111 East Kilbourn Avenue, Suite 2200

Milwaukee, Wisconsin 53202

Custodian and Securities Lending Agent

U.S. Bank National Association Custody Operations

1555 North River Center Drive, Suite 302

Milwaukee, Wisconsin 53212

Transfer Agent

U.S. Bank Global Fund Services, LLC

615 East Michigan Street

Milwaukee, Wisconsin 53202

Independent Registered Public Accounting Firm

Tait, Weller & Baker LLP

Two Liberty Place

50 South 16^th Street, Suite 2900

Philadelphia, Pennsylvania 19102

Legal Counsel

Practus, LLP

11300 Tomahawk Creek Parkway, Suite 310

Leawood, Kansas 66211

Strive U.S. Energy ETF

Symbol – DRLL

CUSIP – 02072L722

Strive 500 ETF

Symbol – STRV

CUSIP – 02072L680

Strive U.S. Semiconductor ETF

Symbol – SHOC

CUSIP – 02072L672

Strive Emerging Markets Ex-China ETF

Symbol – STXE

CUSIP – 02072L698

Strive 1000 Dividend Growth ETF

Symbol – STXD

CUSIP – 02072L581

Strive 1000 Growth ETF

Symbol – STXG

CUSIP – 02072L615

Strive 1000 Value ETF

Symbol – STXV

CUSIP – 02072L599

Strive Small-Cap ETF

Symbol – STXK

CUSIP – 02072L573

Item 2. Code of Ethics.

The registrant has adopted a code of ethics that applies to the registrant’s principal executive officer and principal financial officer. The registrant has not made any amendments to its code of ethics during the period covered by this report. The registrant has not granted any waivers from any provisions of the code of ethics during the period covered by this report.

A copy of the registrant’s Code of Ethics is incorporated by reference.

Item 3. Audit Committee Financial Expert.

The registrant’s Board of Trustees of the Trust has determined that there is at least one audit committee financial expert serving on its audit committee. Mr. Michael Pagano is an “audit committee financial expert” and is considered to be “independent” as each term is defined in Item 3 of Form N-CSR.

Item 4. Principal Accountant Fees and Services.

The registrant has engaged its principal accountant to perform audit services, audit-related services, tax services and other services during the past fiscal year. “Audit services” refer to performing an audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years. “Audit-related services” refer to the assurance and related services by the principal accountant that are reasonably related to the performance of the audit. “Tax services” refer to professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning, including review of the registrant’s tax returns and calculations of required income, capital gain and excise distributions. There were no “Other services” provided by the principal accountant. The following tables detail the aggregate fees billed or expected to be billed for the last fiscal year for audit fees, audit-related fees, tax fees and other fees by the principal accountant.

Strive U.S. Energy ETF

	FYE 7/31/2023	FYE 7/31/2022
Audit Fees	$7,250	N/A
Audit-Related Fees	N/A	N/A
Tax Fees	$1,750	N/A
All Other Fees	N/A	N/A

Strive 500 ETF

	FYE 7/31/2023	FYE 7/31/2022
Audit Fees	$7,250	N/A
Audit-Related Fees	N/A	N/A
Tax Fees	$1,750	N/A
All Other Fees	N/A	N/A

Strive U.S. Semiconductor ETF

	FYE 7/31/2023	FYE 7/31/2022
Audit Fees	$7,250	N/A
Audit-Related Fees	N/A	N/A
Tax Fees	$1,750	N/A
All Other Fees	N/A	N/A

Strive 1000 Dividend Growth ETF

	FYE 7/31/2023	FYE 7/31/2022
Audit Fees	$7,250	N/A
Audit-Related Fees	N/A	N/A
Tax Fees	$1,750	N/A
All Other Fees	N/A	N/A

Strive 1000 Growth ETF

	FYE 7/31/2023	FYE 7/31/2022
Audit Fees	$7,250	N/A
Audit-Related Fees	N/A	N/A
Tax Fees	$1,750	N/A
All Other Fees	N/A	N/A

Strive Small-Cap ETF

	FYE 7/31/2023	FYE 7/31/2022
Audit Fees	$7,250	N/A
Audit-Related Fees	N/A	N/A
Tax Fees	$1,750	N/A
All Other Fees	N/A	N/A

Strive 1000 Value ETF

	FYE 7/31/2023	FYE 7/31/2022
Audit Fees	$7,250	N/A
Audit-Related Fees	N/A	N/A
Tax Fees	$1,750	N/A
All Other Fees	N/A	N/A

Strive Emerging Markets Ex-China ETF

	FYE 7/31/2023	FYE 7/31/2022
Audit Fees	$7,250	N/A
Audit-Related Fees	N/A	N/A
Tax Fees	$1,750	N/A
All Other Fees	N/A	N/A

The audit committee has adopted pre-approval policies and procedures that require the audit committee to pre-approve all audit and non-audit services of the registrant, including services provided to any entity affiliated with the registrant.

The percentage of fees billed by Tait Weller & Baker, LLP applicable to non-audit services pursuant to waiver of pre-approval requirement were as follows:

Strive U.S. Energy ETF

	FYE 7/31/2023	FYE 7/31/2022
Audit-Related Fees	0%	0%
Tax Fees	0%	0%
All Other Fees	0%	0%

Strive 500 ETF

	FYE 7/31/2023	FYE 7/31/2022
Audit-Related Fees	0%	0%
Tax Fees	0%	0%
All Other Fees	0%	0%

Strive U.S. Semiconductor ETF

	FYE 7/31/2023	FYE 7/31/2022
Audit-Related Fees	0%	0%
Tax Fees	0%	0%
All Other Fees	0%	0%

Strive 1000 Dividend Growth ETF

	FYE 7/31/2023	FYE 7/31/2022
Audit-Related Fees	0%	0%
Tax Fees	0%	0%
All Other Fees	0%	0%

Strive 1000 Growth ETF

	FYE 7/31/2023	FYE 7/31/2022
Audit-Related Fees	0%	0%
Tax Fees	0%	0%
All Other Fees	0%	0%

Strive Small-Cap ETF

	FYE 7/31/2023	FYE 7/31/2022
Audit-Related Fees	0%	0%
Tax Fees	0%	0%
All Other Fees	0%	0%

Strive 1000 Value ETF

	FYE 7/31/2023	FYE 7/31/2022
Audit-Related Fees	0%	0%
Tax Fees	0%	0%
All Other Fees	0%	0%

Strive Emerging Markets Ex-China ETF

	FYE 7/31/2023	FYE 7/31/2022
Audit-Related Fees	0%	0%
Tax Fees	0%	0%
All Other Fees	0%	0%

All of the principal accountant’s hours spent on auditing the registrant’s financial statements were attributed to work performed by full-time permanent employees of the principal accountant. (If more than 50 percent of the accountant’s hours were spent to audit the registrant’s financial statements for the most recent fiscal year, state how many hours were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees.)

The following tables indicate the non-audit fees billed or expected to be billed by the registrant’s accountant for services to the registrant and to the registrant’s investment adviser (and any other controlling entity, etc.—not sub-adviser) for the past year. The audit committee of the board of trustees/directors has considered whether the provision of non-audit services that were rendered to the registrant’s investment adviser is compatible with maintaining the principal accountant’s independence and has concluded that the provision of such non-audit services by the accountant has not compromised the accountant’s independence.

Strive U.S. Energy ETF

Non-Audit Related Fees	FYE 7/31/2023	FYE 7/31/2022
Registrant	N/A	N/A
Registrant’s Investment Adviser	N/A	N/A

Strive 500 ETF

Non-Audit Related Fees

FYE

7/31/2023

FYE
7/31/2022

Registrant

N/A

Registrant’s Investment Adviser

N/A

Strive U.S. Semiconductor ETF

Non-Audit Related Fees	FYE 7/31/2023	FYE 7/31/2022
Registrant	N/A	N/A
Registrant’s Investment Adviser	N/A	N/A

Strive 1000 Dividend Growth ETF

Non-Audit Related Fees	FYE 7/31/2023	FYE 7/31/2022
Registrant	N/A	N/A
Registrant’s Investment Adviser	N/A	N/A

Strive 1000 Growth ETF

Non-Audit Related Fees	FYE 7/31/2023	FYE 7/31/2022
Registrant	N/A	N/A
Registrant’s Investment Adviser	N/A	N/A

Strive Small-Cap ETF

Non-Audit Related Fees	FYE 7/31/2023	FYE 7/31/2022
Registrant	N/A	N/A
Registrant’s Investment Adviser	N/A	N/A

Strive 1000 Value ETF

Non-Audit Related Fees	FYE 7/31/2023	FYE 7/31/2022
Registrant	N/A	N/A
Registrant’s Investment Adviser	N/A	N/A

Strive Emerging Markets Ex-China ETF

Non-Audit Related Fees	FYE 7/31/2023	FYE 7/31/2022
Registrant	N/A	N/A
Registrant’s Investment Adviser	N/A	N/A

Item 5. Audit Committee of Listed Registrants.

The registrant is an issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934, (the “Act”) and has a separately-designated standing audit committee established in accordance with Section 3(a)(58)(A) of the Act. The independent members of the committee are as follows: Daniel Dorn, Chukwuemeka (Emeka) Oguh, and Michael Pagano.

Item 6. Investments.

Schedule of Investments is included as part of the report to shareholders filed under Item 1 of this Form.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable to open-end investment companies.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable to open-end investment companies.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable to open-end investment companies.

Item 10. Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of trustees.

Item 11. Controls and Procedures.

(a)

The Registrant’s Principal Executive Officer and Treasurer have reviewed the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) as of a date within 90 days of the filing of this report, as required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934. Based on their review, such officers have concluded that the disclosure controls and procedures are effective in ensuring that information required to be disclosed in this report is appropriately recorded, processed, summarized and reported and made known to them by others within the Registrant and by the Registrant’s service provider.

(b)

There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the fiscal period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable to open-end investment companies.

Item 13. Exhibits.

(a)

(1) Any code of ethics or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy Item 2 requirements through filing an exhibit. Filed herewith.

(2) A separate certification for each principal executive and principal financial officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. Filed herewith.

(3) Any written solicitation to purchase securities under Rule 23c-1 under the Act sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons. Not applicable to open-end investment companies.

(4) Change in the registrant’s independent public accountant. Filed herewith.

(b)

Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. Furnished herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)	EA Series Trust

By (Signature and Title)	/s/ Patrick Cleary
	Patrick Cleary, President, Chief Executive Officer

Date:	October 5, 2023

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)	/s/ Patrick Cleary
	Patrick Cleary, President, Chief Executive Officer

Date:	October 5, 2023

By (Signature and Title)	/s/ Sean Hegarty
	Sean Hegarty, Chief Financial Officer and Treasurer

Date:	October 5, 2023