|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) — 75.3%
|
|||||
|
|
Automobiles — 0.1%
|
|
|||
|
415
|
Tesla, Inc. (b)
|
$143,781
|
|||
|
|
Banks — 4.2%
|
|
|||
|
17,873
|
JPMorgan Chase & Co.
|
4,718,472
|
|||
|
|
Capital Markets — 13.2%
|
|
|||
|
20,447
|
Coinbase Global, Inc.,
Class A (b)
|
5,042,639
|
|||
|
237,446
|
Galaxy Digital, Inc., Class A (b)
|
4,309,645
|
|||
|
76,478
|
Robinhood Markets, Inc.,
Class A (b)
|
5,059,020
|
|||
|
186,545
|
Sol Strategies, Inc. (CAD) (b)
|
394,200
|
|||
|
|
|
14,805,504
|
|||
|
|
Financial Services — 8.5%
|
|
|||
|
8,149
|
Mastercard, Inc., Class A
|
4,772,054
|
|||
|
12,993
|
Visa, Inc., Class A
|
4,744,914
|
|||
|
|
|
9,516,968
|
|||
|
|
Health Care Equipment &
Supplies — 2.0%
|
|
|||
|
56,459
|
Semler Scientific, Inc. (b)
|
2,258,360
|
|||
|
|
Hotels, Restaurants & Leisure
— 15.4%
|
|
|||
|
2,340,980
|
Metaplanet, Inc. (JPY) (b)
|
17,358,669
|
|||
|
|
Interactive Media & Services
— 0.4%
|
|
|||
|
17,274
|
Rumble, Inc. (b)
|
155,639
|
|||
|
13,450
|
Trump Media & Technology
Group Corp. (b)
|
286,888
|
|||
|
|
|
442,527
|
|||
|
|
Semiconductors &
Semiconductor Equipment
— 4.2%
|
|
|||
|
35,116
|
NVIDIA Corp.
|
4,745,225
|
|||
|
|
Software — 19.3%
|
|
|||
|
34,399
|
Bitdeer Technologies Group,
Class A (b)
|
442,371
|
|||
|
321,404
|
Cipher Mining, Inc. (b)
|
1,002,781
|
|||
|
116,882
|
Cleanspark, Inc. (b)
|
1,008,692
|
|||
|
58,766
|
Core Scientific, Inc. (b)
|
625,858
|
|||
|
169,639
|
Hive Digital Technologies
Ltd. (b)
|
305,350
|
|||
|
15,116
|
Hut 8 Corp. (b)
|
230,821
|
|||
|
141,634
|
IREN Ltd. (b)
|
1,188,309
|
|||
|
69,941
|
MARA Holdings, Inc. (b)
|
987,567
|
|||
|
10,317
|
Microsoft Corp.
|
4,749,534
|
|||
|
13,521
|
MicroStrategy, Inc., Class A (b)
|
4,990,060
|
|||
|
77,355
|
Riot Platforms, Inc. (b)
|
624,255
|
|||
|
18,008
|
Salesforce, Inc.
|
4,778,783
|
|||
|
222,721
|
Terawulf, Inc. (b)
|
786,205
|
|||
|
|
|
21,720,586
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Specialty Retail — 3.7%
|
|
|||
|
139,889
|
GameStop Corp., Class A (b)
|
$4,168,692
|
|||
|
|
Technology Hardware, Storage
& Peripherals — 4.3%
|
|
|||
|
23,801
|
Apple, Inc.
|
4,780,431
|
|||
|
|
Total Common Stocks
|
84,659,215
|
|||
|
|
(Cost $64,996,397)
|
|
|||
|
EXCHANGE-TRADED PRODUCTS — 22.8%
|
|||||
|
|
Capital Markets — 22.8%
|
|
|||
|
84,264
|
Bitwise Bitcoin ETF (b)
|
4,797,149
|
|||
|
59,005
|
Fidelity Wise Origin Bitcoin
Fund (b)
|
5,391,877
|
|||
|
45,957
|
Invesco Galaxy Bitcoin ETF (b)
|
4,801,128
|
|||
|
99,160
|
iShares Bitcoin Trust ETF (b)
|
5,896,054
|
|||
|
162,327
|
VanEck Bitcoin ETF (b)
|
4,804,879
|
|||
|
|
Total Exchange-Traded
Products
|
25,691,087
|
|||
|
|
(Cost $20,310,926)
|
|
|||
|
|
|||||
|
|
|||||
|
|
Total Investments — 98.1%
|
110,350,302
|
|||
|
|
(Cost $85,307,323)
|
|
|||
|
|
Net Other Assets and
Liabilities — 1.9%
|
2,087,792
|
|||
|
|
Net Assets — 100.0%
|
$112,438,094
|
|||
|
(a)
|
Securities are issued in U.S. dollars unless otherwise
indicated in the security description.
|
|
(b)
|
Non-income producing security.
|
|
Abbreviations throughout the Consolidated Portfolio of
Investments:
|
|
|
CAD
|
– Canadian Dollar
|
|
JPY
|
– Japanese Yen
|
|
USD
|
– United States Dollar
|
|
Country Allocation†
|
% of Net
Assets
|
|
United States
|
80.6%
|
|
Japan
|
15.4
|
|
Australia
|
1.1
|
|
Canada
|
0.6
|
|
Cayman Islands
|
0.4
|
|
Total Investments
|
98.1
|
|
Net Other Assets and Liabilities
|
1.9
|
|
Total
|
100.0%
|
|
†
|
Portfolio securities are categorized based upon their country of
incorporation.
|
|
Currency Exposure Diversification
|
% of Total
Investments
|
|
USD
|
83.9%
|
|
JPY
|
15.7
|
|
CAD
|
0.4
|
|
Total
|
100.0%
|
|
|
Total
Value at
5/31/2025
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Common Stocks*
|
$ 84,659,215
|
$ 84,659,215
|
$ —
|
$ —
|
|
Exchange-Traded
Products*
|
25,691,087
|
25,691,087
|
—
|
—
|
|
Total Investments
|
$110,350,302
|
$110,350,302
|
$—
|
$—
|
|
*
|
See Consolidated Portfolio of Investments for industry breakout.
|