Tradr 1X Short Innovation Daily ETF
SCHEDULE OF INVESTMENTS
As of June 30, 2025 (Unaudited)
| Value | ||||
| Other Assets in Excess of Liabilities — 100.0% | $ | 46,557,753 | ||
| TOTAL NET ASSETS — 100.0% | $ | 46,557,753 | ||
SWAP CONTRACTS
EQUITY SWAP CONTRACTS
| Counterparty | Description | Pay/Receive Equity on Reference Entity | Financing Rate | Pay/Receive Frequency | Termination Date | Notional Amount | Premium Paid (Received) | Unrealized Appreciation (Depreciation) | ||||||||||||||
| TD Cowen | ARK Innovation ETF | Pay | 2.08% (OBFR01* - 225bps) | At Maturity | 5/1/2026 | $ | (21,281,755 | ) | $ | - | $ | (3,049,153 | ) | |||||||||
| Clear Street | ARK Innovation ETF | Pay | 2.26% (OBFR01* - 207bps) | At Maturity | 1/6/2026 | (19,354,005 | ) | - | 6,261,751 | |||||||||||||
| Goldman Sachs | ARK Innovation ETF | Pay | 1.43% (FRED** - 290bps) | At Maturity | 5/8/2026 | (1,890,239 | ) | - | (372,617 | ) | ||||||||||||
| TOTAL EQUITY SWAP CONTRACTS | $ | 2,839,981 | ||||||||||||||||||||
| * | OBFR01 - Overnight Bank Funding Rate, 4.33% as of June 30, 2025. |
| ** | FRED - Federal Funds Effective Rate, 4.33% as of June 30, 2025 |