MRP SynthEquity ETF
Schedule of Investments
March 31, 2025 (Unaudited)
| PURCHASED OPTIONS - 12.8%(a)(b)(c) | Notional Amount | Contracts | Value | |||||||||
| Call Options - 12.8% | ||||||||||||
| S&P 500 Index, Expiration: 3/20/2026; Exercise Price: $6,800.00 | $ | 18,519,105 | 33 | $ | 98,340 | |||||||
| S&P 500 Index, Expiration: 3/20/2026; Exercise Price: $5,900.00 | 18,519,105 | 33 | 1,023,495 | |||||||||
| 1,121,835 | ||||||||||||
| TOTAL PURCHASED OPTIONS (Cost $1,425,379) | 1,121,835 | |||||||||||
| U.S. TREASURY SECURITIES - 90.2% | Interest Rate | Maturity Date | Par | Value | ||||||||||
| U.S. Treasury Note/Bond | 4.63 | % | 03/15/26 | 1,983,000 | 1,993,099 | |||||||||
| U.S. Treasury Note/Bond | 4.00 | % | 12/15/25 | 1,985,000 | 1,983,571 | |||||||||
| U.S. Treasury Note/Bond | 3.50 | % | 09/15/25 | 1,986,000 | 1,980,046 | |||||||||
| U.S. Treasury Note/Bond | 2.88 | % | 06/15/25 | 1,986,000 | 1,980,066 | |||||||||
| 7,936,782 | ||||||||||||||
| TOTAL U.S. TREASURY SECURITIES (Cost $7,938,586) | 7,936,782 | |||||||||||||
| SHORT-TERM INVESTMENTS - 0.4% | ||||||||||||||
| Money Market Funds - 0.4% | Shares | Value | ||||||||||||
| First American Government Obligations Fund - Class X, 4.27%(d) | 37,166 | 37,166 | ||||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $37,166) | 37,166 | |||||||||||||
| TOTAL INVESTMENTS - 103.4% (Cost $9,401,131) | $ | 9,095,783 | ||||||||||||
| Liabilities in Excess of Other Assets - (3.4)% | (300,556 | ) | ||||||||||||
| TOTAL NET ASSETS - 100.0% | $ | 8,795,227 | ||||||||||||
| Percentages are stated as a percent of net assets. | ||||||||||||||
| (a) | Exchange-traded. |
| (b) | 100 shares per contract. |
| (c) | Held in connection with written option contracts. See Schedule of Written Options Contracts for further information. |
| (d) | The rate shown represents the 7-day annualized effective yield as of March 31, 2025. |
| MRP SynthEquity ETF | ||||||||||||
| Schedule of Written Options Contracts | ||||||||||||
| March 31, 2025 (Unaudited) | ||||||||||||
| WRITTEN OPTIONS - (0.7)%(a)(b) | Notional Amount | Contracts | Value | |||||||||
| Call Options - (0.7)% | ||||||||||||
| S&P 500 Index, Expiration: 3/20/2026; Exercise Price: $6,950.00 | $ | (18,519,105 | ) | (33 | ) | $ | (61,215 | ) | ||||
| TOTAL WRITTEN OPTIONS (Premiums received $89,469) | (61,215 | ) | ||||||||||
| (a) | 100 shares per contract. |
| (b) | Exchange-traded. |