Otter Creek Focus Strategy ETF
  
Schedule of Investments
  
July 31, 2025 (Unaudited)
  
   
COMMON STOCKS - 97.7%
  
Shares
    
Value
 
Aerospace & Defense - 8.4%
        
L3Harris Technologies, Inc.
    
1,300
    
$
357,266
  
Parsons Corp. (a)
    
5,310
      
394,002
  
             
751,268
  
                 
Application Software - 6.2%
          
Guidewire Software, Inc. (a)
    
1,247
      
282,096
  
Workday, Inc. - Class A (a)
    
1,167
      
267,687
  
             
549,783
  
                 
Casinos & Gaming - 4.4%
          
DraftKings, Inc. - Class A (a)
    
8,744
      
393,830
  
                 
Communications Equipment - 4.3%
          
F5, Inc. (a)
    
1,224
      
383,626
  
                 
Construction & Engineering - 3.0%
          
Quanta Services, Inc.
    
665
      
270,076
  
                 
Electrical Components & Equipment - 4.5%
          
Vertiv Holdings Co. - Class A
    
2,754
      
400,982
  
                 
Electronic Components - 5.6%
          
Coherent Corp. (a)
    
1,822
      
196,047
  
Corning, Inc.
    
4,817
      
304,627
  
             
500,674
  
                 
Electronic Manufacturing Services - 4.1%
          
Flex Ltd. (a)
    
7,370
      
367,542
  
                 
Financial Exchanges & Data - 6.3%
          
Intercontinental Exchange, Inc.
    
1,392
      
257,283
  
Nasdaq, Inc.
    
3,161
      
304,152
  
             
561,435
  
                 
Health Care Equipment - 4.1%
          
Hologic, Inc. (a)
    
5,407
      
361,296
  
                 
Health Care Technology - 1.4%
          
Waystar Holding Corp. (a)
    
3,479
      
128,653
  
                 
Industrial Conglomerates - 5.4%
          
3M Co.
    
1,835
      
273,819
  
GE HealthCare Technologies, Inc.
    
2,910
      
207,541
  
             
481,360
  
                 
Insurance Brokers - 8.5%
          
Baldwin Insurance Group, Inc. - Class A (a)
    
9,540
      
351,454
  
Brown & Brown, Inc.
    
2,190
      
200,100
  
Ryan Specialty Holdings, Inc.
    
3,315
      
202,845
  
             
754,399
  
                 
Interactive Home Entertainment - 2.2%
          
Take-Two Interactive Software, Inc. (a)
    
899
      
200,234
  
                 
Investment Banking & Brokerage - 4.9%
          
LPL Financial Holdings, Inc.
    
1,107
      
438,073
  
                 
IT Consulting & Other Services - 1.9%
          
EPAM Systems, Inc. (a)
    
1,058
      
166,857
  
                 
Life Sciences Tools & Services - 3.9%
          
Avantor, Inc. (a)
    
25,510
      
342,854
  
                 
Multi-Utilities - 3.1%
          
CenterPoint Energy, Inc.
    
7,036
      
273,138
  
                 
Property & Casualty Insurance - 4.0%
          
W R Berkley Corp.
    
5,137
      
353,477
  
                 
Rail Transportation - 1.8%
          
Canadian Pacific Kansas City Ltd.
    
2,216
      
162,987
  
                 
Specialized REITs - 2.5%
          
SBA Communications Corp.
    
993
      
223,147
  
                 
Technology Hardware, Storage & Peripherals - 4.4%
          
CompoSecure, Inc. (a)
    
27,626
      
392,566
  
                 
Transaction & Payment Processing - 2.8%
          
Block, Inc. (a)
    
3,265
      
252,254
  
TOTAL COMMON STOCKS (Cost $7,688,899)
      
8,710,511
  
                 
TOTAL INVESTMENTS - 97.7% (Cost $7,688,899)
      
8,710,511
  
Other Assets in Excess of Liabilities - 2.3%
      
200,671
  
TOTAL NET ASSETS - 100.0%
          
$
8,911,182
  
two
      
–
%
Par amount is in USD unless otherwise indicated.
          
Percentages are stated as a percent of net assets.
      
–
%

REIT - Real Estate Investment Trust

(a)
Non-income producing security.


Summary of Fair Value Disclosure as of July 31, 2025 (Unaudited)
 
Otter Creek Focus Strategy ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
 
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
 
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
 
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.
 
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of July 31, 2025:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Common Stocks
  
$
8,710,511
    
$
–
    
$
–
    
$
8,710,511
  
Total Investments
  
$
8,710,511
    
$
–
    
$
–
    
$
8,710,511
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.