VANECK
LONG/FLAT
TREND
ETF
SCHEDULE
OF
INVESTMENTS
June
30,
2025
(unaudited)
FootnoteRuleAboveBlank
Number
of
Shares
Value
EXCHANGE
TRADED
FUND:
99.7%(a)
(Cost:
$23,986,980)
Vanguard
S&P
500
ETF
45,465
$
25,825,484
Underline
Total
Investments:
99.7%
(Cost:
$23,986,980)
25,825,484
Other
assets
less
liabilities:
0.3%
79,470
NET
ASSETS:
100.0%
$
25,904,954
(a)
The
underlying
fund’s
shareholder
reports
and
registration
documents
are
available
free
of
charge
on
the
SEC’s
website
at
https://www.
sec.gov
or
on
the
fund's
webpage.