TradersAI Large Cap Equity & Cash ETF
Schedule of Investments
May 31, 2025 (Unaudited)
| MONEY MARKET FUND - 0.9% | Shares | Value | ||||||
| Money Market Funds - 0.9% | ||||||||
| First American Government Obligations Fund - Class X, 4.22%(a) | 7,677 | $ | 7,677 | |||||
| TOTAL MONEY MARKET FUND (Cost $7,677) | 7,677 | |||||||
| TOTAL INVESTMENTS - 0.9% (Cost $7,677) | $ | 7,677 | ||||||
| Other Assets in Excess of Liabilities - 99.1% | 840,516 | |||||||
| TOTAL NET ASSETS - 100.0% | $ | 848,193 | ||||||
Percentages are stated as a percent of net assets.
| (a) | The rate shown represents the 7-day annualized effective yield as of May 31, 2025. |
TradersAI Large Cap Equity & Cash ETF
Schedule of Written Options Contracts
May 31, 2025 (Unaudited)
| WRITTEN OPTIONS - (5.5)%(a)(b) | Notional Amount | Contracts | Value | |||||||||
| Call Options - (4.6)% | ||||||||||||
| E-mini S&P 500 Index, Expiration: 6/9/25; Exercise Price: $5,880.00 | $ | (59,160 | ) | (10 | ) | $ | (39,125 | ) | ||||
| (39,125 | ) | |||||||||||
| Put Options – (0.9)% | ||||||||||||
| E-mini S&P 500 Index, Expiration: 6/20/25; Exercise Price: $5,930.00 | (11,939 | ) | (2 | ) | (7,350 | ) | ||||||
| (7,350 | ) | |||||||||||
| TOTAL WRITTEN OPTIONS (Premiums received $37,783) | $ | (46,475 | ) | |||||||||
| (a) | 100 shares per contract. |
| (b) | Exchange-traded. |
TradersAI Large Cap Equity & Cash ETF
Schedule of Futures Contracts
May 31, 2025 (Unaudited)
The TradersAI Large Cap Equity & Cash ETF had the following futures contracts outstanding with Interactive Brokers LLC:
| FUTURES CONTRACTS - (2.6)% | |||||||||||||
| Description | Contracts Purchased | Expiration Date | Notional Value | Value / Unrealized Appreciation (Depreciation) | |||||||||
| S&P 500 Index | 10 | 06/20/25 | $ | 2,958,000 | $ | (21,394 | ) | ||||||
| Description | Contracts Sold | Expiration Date | Notional Value | Value / Unrealized Appreciation (Depreciation) | |||||||||
| E-Mini S&P 500 | (6) | 09/19/25 | (1,790,775 | ) | (614 | ) | |||||||
| Net Unrealized Appreciation (Depreciation) | $ | (22,008 | ) | ||||||||||