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smart:C000263238Member smart:CapitalOneFinancialCorpMember 2025-12-31 0001742912 smart:C000263238Member smart:GoldmanSachsGroupIncMember 2025-12-31 0001742912 smart:C000263238Member smart:AdvancedMicroDevicesIncMember 2025-12-31 0001742912 smart:C000263238Member smart:MicronTechnologyIncMember 2025-12-31 iso4217:USD pure smart:Holdings false N-1A 0001742912 N-CSR Tidal Trust I 2025-12-31 Annual Shareholder Report SMART Earnings Growth 30 ETF SGRT NYSEArca This <span id="xdx_90A_eoef--ShareholderReportAnnualOrSemiAnnual_c20250101__20251231__oef--ClassAxis__custom--C000263237Member_zdRqr7WAw8Be">annual shareholder report</span> contains important information about the SMART Earnings Growth 30 ETF (the "Fund") for the period August 19, 2025 (commencement of operations) to December 31, 2025. annual shareholder report You can find additional information about the Fund at <span id="xdx_900_eoef--AddlInfoWebsite_c20250101__20251231__oef--ClassAxis__custom--C000263237Member_z48cQBRWBkUl">www.smartwayetfs.com/sgrt/</span>. You can also request this information by contacting us at <span id="xdx_904_eoef--AddlInfoPhoneNumber_c20250101__20251231__oef--ClassAxis__custom--C000263237Member_zqXQrVhxP9Vg">(877) 752-2442</span> or by writing the Fund at SMARTWAY ETFs c/o U.S. Bank Global Fund Services, P.O. Box 701, Milwaukee, Wisconsin 53201-0701. www.smartwayetfs.com/sgrt/ (877) 752-2442 <p id="xdx_808_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000263237Member_zWd4AcgD9Ny5" style="font: bold 11pt/9pt Gotham Narrow-Bold,Arial,Arial; margin: -8pt 0 0pt; text-align-last: auto; display: block; min-height: 12px; align-content: center; box-sizing: border-box; color: #231F20; font-weight: bold; text-indent: 0">What were the Fund costs for the period?</p><p style="font: normal 10pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0pt 0; text-align-last: auto; display: block; min-height: 16.36px; align-content: center; box-sizing: border-box; color: #4F4F4F; text-indent: 0"><span style="box-sizing: border-box; font-family: Gotham Narrow-Light,Arial; font-weight: normal"><span style="box-sizing: border-box; font-size: 9pt">(based on a hypothetical $10,000 investment)</span></span></p><div style="box-sizing: border-box; text-align-last: auto"><div style="box-sizing: border-box; text-align-last: auto; padding-top: 0px"><div style="box-sizing: border-box; text-align-last: auto"><table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"><tr style="box-sizing: border-box; display: table-row; height: auto"><th style="border-bottom: #4F4F4F 1.4pt solid; box-sizing: border-box"><div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231F20; font-weight: bold; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Name</span></div></th><th style="border-bottom: #4F4F4F 1.4pt solid; box-sizing: border-box"><div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231F20; font-weight: bold; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment*</span></div></th><th style="border-bottom: #4F4F4F 1.4pt solid; box-sizing: border-box"><div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231F20; font-weight: bold; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment**</span></div></th></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_983_eoef--FundName_c20250101__20251231__oef--ClassAxis__custom--C000263237Member_z1s3d8E3Kd7c" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SMART Earnings Growth 30 ETF</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_98B_eoef--ExpensesPaidAmt_c20250101__20251231__oef--ClassAxis__custom--C000263237Member_fKg_____zxFjK5Y1j3a9" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$25</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_98C_eoef--ExpenseRatioPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000263237Member_fKio___zZT75SQnO616" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.59%</span></div></td></tr></table></div></div></div><div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 3pt 0 4pt; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0"><div style="box-sizing: border-box; text-align-last: auto"><table border="0" cellpadding="0" cellspacing="0" style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; width: 100%; margin-bottom: 1pt; color: #4F4F4F"> <tr style="vertical-align: top"> <td id="xdx_F0B_zM9O4Y3jKBF3">*</td> <td id="xdx_F1F_zGbQpJohO36f"> The Fund commenced operations on August 19, 2025. Expenses for a full reporting period would be higher than figures shown.</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; width: 100%; margin-bottom: 4pt; color: #4F4F4F"> <tr style="vertical-align: top"> <td id="xdx_F00_zfidBe64rmKd">**</td> <td id="xdx_F12_zcuf27mYxf6a">Cost paid as a percentage of a $10,000 investment is an annualized figure.</td></tr> </table> </div></div><p style="font: normal 10pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4F4F4F; text-indent: 0"> </p> SMART Earnings Growth 30 ETF 25 0.0059 <p id="xdx_80F_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000263237Member_zVbkiu5XuWY9" style="font: bold 18pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 0pt; text-align-last: auto; display: block; min-height: 28.18px; align-content: center; box-sizing: border-box; color: #231F20; font-weight: bold; text-indent: 0; text-align: center">Cumulative Performance</p><p style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; margin: -3pt 0 0pt; text-align-last: auto; display: block; min-height: 11.81px; align-content: center; box-sizing: border-box; color: #4F4F4F; text-indent: 0; text-align: center">(Initial Investment of $10,000)</p><div style="box-sizing: border-box; text-align-last: auto; display: flex; justify-content: center"><div style="box-sizing: border-box; text-align-last: auto; padding-top: 0px"><div style="box-sizing: border-box; text-align-last: auto"><table style="margin: 0; padding: 0; box-sizing: border-box; table-layout: fixed; border-collapse: collapse; display: none"><tr style="box-sizing: border-box; display: table-row"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">Date</div></td><td id="xdx_4BA_oef--ClassAxis_custom--C000263237Member_zWtTstmD2xEc" style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">SMART Earnings Growth 30 ETF - $12,505 </div></td><td id="xdx_4B4_oef--BroadBasedIndexAxis_custom--SAndP500TotalReturnIndexMember_zodpW9LdbTa6" style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">S&amp;P 500^® Total Return Index - $10,726</div></td></tr><tr id="xdx_43D_c20250819__20250819_eoef--AccmVal_z5LbTS2rPJbf" style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">8/19/2025</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10000</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10000</div></td></tr><tr id="xdx_438_c20250819__20250831_eoef--AccmVal_zD6aFTLOpyN9" style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">8/31/2025</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10321</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10080</div></td></tr><tr id="xdx_433_c20250819__20250930_eoef--AccmVal_zWThvW91WOtk" style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">9/30/2025</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">11773</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10448</div></td></tr><tr id="xdx_433_c20250819__20251031_eoef--AccmVal_zjZtFOzPCcT4" style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10/31/2025</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">13039</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10693</div></td></tr><tr id="xdx_43E_c20250819__20251130_eoef--AccmVal_zm1amnDkoFG5" style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">11/30/2025</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">12090</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10719</div></td></tr><tr id="xdx_434_c20250819__20251231_eoef--AccmVal_zg6fssdeRyI3" style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">12/31/2025</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">12505</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10726</div></td></tr></table></div></div><img alt="line" src="qes1xqbb1ml80zca0.jpg" style="box-sizing: border-box; width: 240pt; height: auto"/></div><div style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0pt 0 4pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4F4F4F; text-indent: 0"><span style="box-sizing: border-box; display: block"></span></div> 10000 10000 10321 10080 11773 10448 13039 10693 12090 10719 12505 10726 <p id="xdx_80B_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000263237Member_zuvl0bWgsId5" style="font: bold 18pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 28.18px; align-content: center; box-sizing: border-box; color: #231F20; font-weight: bold; text-indent: 0; text-align: center">Annual Performance</p><div style="box-sizing: border-box; text-align-last: auto"><div style="box-sizing: border-box; text-align-last: auto; padding-top: 0px"><div style="box-sizing: border-box; text-align-last: auto"><table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"><tr style="box-sizing: border-box; display: table-row; height: auto"><th style="border-bottom: #4F4F4F 1.4pt solid; box-sizing: border-box"><div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231F20; font-weight: bold; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Average Annual Total Returns for the</span></div><div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231F20; font-weight: bold; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Period Ended December 31, 2025</span></div></th><th style="border-bottom: #4F4F4F 1.4pt solid; box-sizing: border-box"><div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231F20; font-weight: bold; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Since Inception</span></div><div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231F20; font-weight: bold; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(<span id="xdx_903_eoef--PerfInceptionDate_c20250101__20251231__oef--ClassAxis__custom--C000263237Member_zcvxJCzxbiVg">08/19/2025</span>)</span></div></th></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SMART Earnings Growth 30 ETF</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_985_eoef--AvgAnnlRtrPct_dp_c20250819__20251231__oef--ClassAxis__custom--C000263237Member_zwKgrjIwsvXf" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25.05%</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">S&amp;P 500^® Total Return Index</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_986_eoef--AvgAnnlRtrPct_dp_c20250819__20251231__oef--BroadBasedIndexAxis__custom--SAndP500TotalReturnIndexMember_zN17miZjS8gd" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.26%</span></div></td></tr></table></div></div></div><div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0"><div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> 2025-08-19 0.2505 0.0726 The Fund's past performance is not a good indicator of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Visit www.smartwayetfs.com/sgrt/ for more recent performance information. <p id="xdx_804_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000263237Member_z3xTFwzSdVN9" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 4pt 0 0pt; text-align-last: auto; display: block; min-height: 17.27px; align-content: center; box-sizing: border-box; color: #231F20; font-weight: bold; text-indent: 0"><b style="box-sizing: border-box">How did the Fund perform in the past </b>period<b style="box-sizing: border-box">?</b></p><div style="font: normal 10pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0"><div style="box-sizing: border-box; text-align-last: auto"><p style="font: normal 10pt Gotham Narrow-Light,Arial,Arial; margin: 0pt 0 8pt; text-align-last: auto; min-height: 65.45px; align-content: center; box-sizing: border-box; color: #4F4F4F; text-indent: 0; display: block">The SMART Earnings Growth 30 ETF (“SGRT”) delivered strong results since inception returning 25.05% for the fiscal period ended December 31, 2025, significantly outperforming the S&amp;P 500^® Total Return Index which returned 7.26%, while generating meaningful positive alpha. This outperformance reflects the disciplined stock selection process and the concentrated portfolio construction, which typically consists of approximately 30 high-conviction companies.</p></div></div><p style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 0pt; text-align-last: auto; display: block; min-height: 17.27px; align-content: center; box-sizing: border-box; color: #231F20; font-weight: bold; text-indent: 0">What Factors Influenced Performance?</p><p style="font: normal 10pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 65.45px; align-content: center; box-sizing: border-box; color: #4F4F4F; text-indent: 0; display: block">The higher concentration of the portfolio increased the Fund’s sensitivity to market movements, resulting in a higher beta profile. This structure enabled SGRT to capture a greater share of market upside during favorable conditions, producing a larger margin of benchmark outperformance and higher alpha relative to the S&amp;P 500^® Total Return Index. While this approach can lead to increased volatility, it remains a deliberate component of the Fund’s long-term capital appreciation objective.</p> <p id="xdx_80B_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000263237Member_zTuyF8CGm4we" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20.9px; align-content: center; box-sizing: border-box; color: #231F20; font-weight: bold; text-indent: 0">Key Fund Statistics</p><p style="font: normal 10pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16.36px; align-content: center; box-sizing: border-box; color: #4F4F4F; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt">(as of </span><span style="box-sizing: border-box; font-size: 9pt">December 31, 2025</span><span style="box-sizing: border-box; font-size: 9pt">)</span></p><div style="box-sizing: border-box; text-align-last: auto"><div style="box-sizing: border-box; text-align-last: auto; padding-top: 0px"><div style="box-sizing: border-box; text-align-last: auto"><table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"><tr style="box-sizing: border-box; display: table-row; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Size (Thousands)</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_988_eus-gaap--AssetsNet_iE_pn3n3_c20250101__20251231__oef--ClassAxis__custom--C000263237Member_ztY3MxuiR0A2" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$31,839</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_98B_eoef--HoldingsCount_iI_uHoldings_c20251231__oef--ClassAxis__custom--C000263237Member_zQS24KEOhwfl" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Advisory Fee Paid</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_987_eoef--AdvisoryFeesPaidAmt_c20250101__20251231__oef--ClassAxis__custom--C000263237Member_z3WqcLU3Iaca" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$31,926</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover Rate</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_986_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250101__20251231__oef--ClassAxis__custom--C000263237Member_zEQZbGLhvcFa" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">175%</span></div></td></tr></table></div></div></div><div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0"><div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> 31839000 25 31926 1.75 <div id="xdx_80A_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000263237Member_zZKBbmgxTl59" style="box-sizing: border-box; text-align-last: auto; position: relative"><p style="font: bold 18pt/normal Gotham Narrow-Bold,Arial,Arial; margin: -12pt 0 0pt; text-align-last: auto; display: block; min-height: 28.18px; align-content: center; box-sizing: border-box; color: #231F20; font-weight: bold; text-indent: 0">What did the Fund invest in?</p><p style="font: normal 10pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16.36px; align-content: center; box-sizing: border-box; color: #4F4F4F; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt">(as of </span><span style="box-sizing: border-box; font-size: 9pt">December 31, 2025</span><span style="box-sizing: border-box; font-size: 9pt">)</span></p></div><div style="box-sizing: border-box; text-align-last: auto; position: relative"><p style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 8pt 0 0pt; text-align-last: auto; display: block; min-height: 20.9px; align-content: center; box-sizing: border-box; color: #231F20; font-weight: bold; text-indent: 0">Sector Breakdown</p><p style="font: normal 10pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0pt 0; text-align-last: auto; display: block; min-height: 16.36px; align-content: center; box-sizing: border-box; color: #4F4F4F; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt">(% of total net assets)</span></p><div style="box-sizing: border-box; text-align-last: auto"><div style="box-sizing: border-box; text-align-last: auto; padding-top: 0px"><div style="box-sizing: border-box; text-align-last: auto"><table style="margin: 0; padding: 0; box-sizing: border-box; table-layout: fixed; border-collapse: collapse; display: none"><tr style="box-sizing: border-box; display: table-row"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">sector</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">%</div></td></tr><tr style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">Tech Hardware &amp; Semiconductors </div></td><td style="box-sizing: border-box"><div id="xdx_98B_eoef--PctOfNav_iI_c20251231__oef--ClassAxis__custom--C000263237Member__oef--IndustrySectorAxis__custom--TechHardwareAndSemiconductorsSectorMember_zRAih6P46686" style="box-sizing: border-box; text-align-last: auto">0.249</div></td></tr><tr style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">Health Care </div></td><td style="box-sizing: border-box"><div id="xdx_982_eoef--PctOfNav_iI_c20251231__oef--ClassAxis__custom--C000263237Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zpEQn6L5lHpl" style="box-sizing: border-box; text-align-last: auto">0.151</div></td></tr><tr style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">Industrial Products </div></td><td style="box-sizing: border-box"><div id="xdx_987_eoef--PctOfNav_iI_c20251231__oef--ClassAxis__custom--C000263237Member__oef--IndustrySectorAxis__custom--IndustrialProductsSectorMember_zzq9pGua3W81" style="box-sizing: border-box; text-align-last: auto">0.131</div></td></tr><tr style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">Media </div></td><td style="box-sizing: border-box"><div id="xdx_988_eoef--PctOfNav_iI_c20251231__oef--ClassAxis__custom--C000263237Member__oef--IndustrySectorAxis__custom--MediaSectorMember_zsBwFv6sgy28" style="box-sizing: border-box; text-align-last: auto">0.121</div></td></tr><tr style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">Financial Services </div></td><td style="box-sizing: border-box"><div id="xdx_98E_eoef--PctOfNav_iI_c20251231__oef--ClassAxis__custom--C000263237Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zix6AEersiua" style="box-sizing: border-box; text-align-last: auto">0.117</div></td></tr><tr style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">Software &amp; Tech Services </div></td><td style="box-sizing: border-box"><div id="xdx_98E_eoef--PctOfNav_iI_c20251231__oef--ClassAxis__custom--C000263237Member__oef--IndustrySectorAxis__custom--SoftwareAndTechServicesSectorMember_z93iCrarMGYj" style="box-sizing: border-box; text-align-last: auto">0.089</div></td></tr><tr style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">Industrial Services </div></td><td style="box-sizing: border-box"><div id="xdx_98C_eoef--PctOfNav_iI_c20251231__oef--ClassAxis__custom--C000263237Member__oef--IndustrySectorAxis__custom--IndustrialServicesSectorMember_zwNdc9SwdSZ1" style="box-sizing: border-box; text-align-last: auto">0.071</div></td></tr><tr style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">Materials </div></td><td style="box-sizing: border-box"><div id="xdx_98C_eoef--PctOfNav_iI_c20251231__oef--ClassAxis__custom--C000263237Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_znNDp1gvgcnb" style="box-sizing: border-box; text-align-last: auto">0.052</div></td></tr><tr style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">Utilities </div></td><td style="box-sizing: border-box"><div id="xdx_981_eoef--PctOfNav_iI_c20251231__oef--ClassAxis__custom--C000263237Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zkomMZOlIdT7" style="box-sizing: border-box; text-align-last: auto">0.019</div></td></tr></table></div></div><img alt="bar" src="qes1iy8111ml814lel.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div><div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0"><div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div><p style="font: normal 10pt/normal Gotham Narrow-Light,Arial,Arial; margin: -6pt 0 0pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4F4F4F; text-indent: 0"> </p></div> 0.249 0.151 0.131 0.121 0.117 0.089 0.071 0.052 0.019 <div id="xdx_80A_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000263237Member_zafcKzIp6V5j" style="box-sizing: border-box; text-align-last: auto"><table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"><tr style="box-sizing: border-box; display: table-row; height: auto"><th style="border-bottom: #4F4F4F 1.4pt solid; box-sizing: border-box"><div style="font: bold 13pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231F20; font-weight: bold; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Top Ten Holdings</span></div></th><th style="border-bottom: #4F4F4F 1.4pt solid; box-sizing: border-box"><div style="font: bold 13pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231F20; font-weight: bold; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(% of total net assets)</span></div></th></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Eli Lilly &amp; Co.</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_98B_eoef--PctOfNav_iI_dp_c20251231__oef--ClassAxis__custom--C000263237Member__oef--LargestHoldingAxis__custom--EliLillyAndCoMember_zamxbL9zV0V6" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.6</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Micron Technology, Inc.</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_981_eoef--PctOfNav_iI_dp_c20251231__oef--ClassAxis__custom--C000263237Member__oef--LargestHoldingAxis__custom--MicronTechnologyIncMember_zbkrz9QkXew8" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.3</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">AppLovin Corp. - Class A</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_981_eoef--PctOfNav_iI_dp_c20251231__oef--ClassAxis__custom--C000263237Member__oef--LargestHoldingAxis__custom--AppLovinCorpClassAMember_zJNBJZ2Fh2Id" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.8</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Palantir Technologies, Inc. -</span></div><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class A</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_983_eoef--PctOfNav_iI_dp_c20251231__oef--ClassAxis__custom--C000263237Member__oef--LargestHoldingAxis__custom--PalantirTechnologiesIncClassAMember_zcigXQxdOnIj" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.9</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Capital One Financial Corp.</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_984_eoef--PctOfNav_iI_dp_c20251231__oef--ClassAxis__custom--C000263237Member__oef--LargestHoldingAxis__custom--CapitalOneFinancialCorpMember_zZcg3TsR8Vz2" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.1</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Amphenol Corp.</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_983_eoef--PctOfNav_iI_dp_c20251231__oef--ClassAxis__custom--C000263237Member__oef--LargestHoldingAxis__custom--AmphenolCorpMember_z8d34K3kFVw3" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.8</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Broadcom, Inc.</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_98B_eoef--PctOfNav_iI_dp_c20251231__oef--ClassAxis__custom--C000263237Member__oef--LargestHoldingAxis__custom--BroadcomIncMember_zsIcDEcogKr1" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.8</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Lumentum Holdings, Inc.</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_981_eoef--PctOfNav_iI_dp_c20251231__oef--ClassAxis__custom--C000263237Member__oef--LargestHoldingAxis__custom--LumentumHoldingsIncMember_zSpXNJ06yUk5" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.5</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Corning, Inc.</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_986_eoef--PctOfNav_iI_dp_c20251231__oef--ClassAxis__custom--C000263237Member__oef--LargestHoldingAxis__custom--CorningIncMember_zfKyGAB3r9O5" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Comfort Systems USA, Inc.</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_982_eoef--PctOfNav_iI_dp_c20251231__oef--ClassAxis__custom--C000263237Member__oef--LargestHoldingAxis__custom--ComfortSystemsUSAIncMember_zkQSg1g4yeod" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr></table></div> 0.116 0.103 0.098 0.089 0.071 0.048 0.048 0.045 0.040 0.036 SMART Trend 25 ETF STRN NYSEArca This <span id="xdx_90A_eoef--ShareholderReportAnnualOrSemiAnnual_c20250101__20251231__oef--ClassAxis__custom--C000263238Member_z609s86KRnVh">annual shareholder report</span> contains important information about the SMART Trend 25 ETF (the "Fund") for the period August 19, 2025 (commencement of operations) to December 31, 2025. annual shareholder report You can find additional information about the Fund at <span id="xdx_900_eoef--AddlInfoWebsite_c20250101__20251231__oef--ClassAxis__custom--C000263238Member_zWHl6g1wGU54">www.smartwayetfs.com/strn/</span>. You can also request this information by contacting us at <span id="xdx_904_eoef--AddlInfoPhoneNumber_c20250101__20251231__oef--ClassAxis__custom--C000263238Member_z5qckA6MaZif">(877) 752-2442</span> or by writing the Fund at SMARTWAY ETFs c/o U.S. Bank Global Fund Services, P.O. Box 701, Milwaukee, Wisconsin 53201-0701. www.smartwayetfs.com/strn/ (877) 752-2442 <p id="xdx_808_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000263238Member_zP2idvvdJ7N7" style="font: bold 11pt/10pt Gotham Narrow-Bold,Arial,Arial; margin: -8pt 0 0pt; text-align-last: auto; display: block; min-height: 13.33px; align-content: center; box-sizing: border-box; color: #231F20; font-weight: bold; text-indent: 0">What were the Fund costs for the period?</p><p style="font: normal 10pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0pt 0; text-align-last: auto; display: block; min-height: 16.36px; align-content: center; box-sizing: border-box; color: #4F4F4F; text-indent: 0"><span style="box-sizing: border-box; font-family: Gotham Narrow-Light,Arial; font-weight: normal"><span style="box-sizing: border-box; font-size: 9pt">(based on a hypothetical $10,000 investment)</span></span></p><div style="box-sizing: border-box; text-align-last: auto"><div style="box-sizing: border-box; text-align-last: auto; padding-top: 0px"><div style="box-sizing: border-box; text-align-last: auto"><table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"><tr style="box-sizing: border-box; display: table-row; height: auto"><th style="border-bottom: #4F4F4F 1.4pt solid; box-sizing: border-box"><div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231F20; font-weight: bold; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Name</span></div></th><th style="border-bottom: #4F4F4F 1.4pt solid; box-sizing: border-box"><div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231F20; font-weight: bold; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment*</span></div></th><th style="border-bottom: #4F4F4F 1.4pt solid; box-sizing: border-box"><div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231F20; font-weight: bold; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment**</span></div></th></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_983_eoef--FundName_c20250101__20251231__oef--ClassAxis__custom--C000263238Member_znbN2V3QP5o7" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SMART Trend 25 ETF</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_987_eoef--ExpensesPaidAmt_c20250101__20251231__oef--ClassAxis__custom--C000263238Member_fKg_____z9S2vOWpcaqd" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$23</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_980_eoef--ExpenseRatioPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000263238Member_fKio___zS7YJrExleMc" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.59%</span></div></td></tr></table></div></div></div><div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 3pt 0 4pt; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0"><div style="box-sizing: border-box; text-align-last: auto"><table border="0" cellpadding="0" cellspacing="0" style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; width: 100%; margin-bottom: 1pt; color: #4F4F4F"> <tr style="vertical-align: top"> <td id="xdx_F09_zb3FpXhrlMs2">*</td> <td id="xdx_F1D_zK4vswoG3pL4"> The Fund commenced operations on August 19, 2025. Expenses for a full reporting period would be higher than figures shown.</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; width: 100%; margin-bottom: 4pt; color: #4F4F4F"> <tr style="vertical-align: top"> <td id="xdx_F02_zqKOFzKLtHcb">**</td> <td id="xdx_F13_ztAWeRMtcwR1">Cost paid as a percentage of a $10,000 investment is an annualized figure.</td></tr> </table> </div></div><p style="font: normal 10pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4F4F4F; text-indent: 0"> </p> SMART Trend 25 ETF 23 0.0059 <p id="xdx_80F_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000263238Member_zuppfmThbua" style="font: bold 18pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 0pt; text-align-last: auto; display: block; min-height: 28.18px; align-content: center; box-sizing: border-box; color: #231F20; font-weight: bold; text-indent: 0; text-align: center">Cumulative Performance</p><p style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; margin: -3pt 0 0pt; text-align-last: auto; display: block; min-height: 11.81px; align-content: center; box-sizing: border-box; color: #4F4F4F; text-indent: 0; text-align: center">(Initial Investment of $10,000)</p><div style="box-sizing: border-box; text-align-last: auto; display: flex; justify-content: center"><div style="box-sizing: border-box; text-align-last: auto; padding-top: 0px"><div style="box-sizing: border-box; text-align-last: auto"><table style="margin: 0; padding: 0; box-sizing: border-box; table-layout: fixed; border-collapse: collapse; display: none"><tr style="box-sizing: border-box; display: table-row"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">Date</div></td><td id="xdx_4BA_oef--ClassAxis_custom--C000263238Member_zQcZaVNrfOQ1" style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">SMART Trend 25 ETF - $11,019 </div></td><td id="xdx_4BF_oef--BroadBasedIndexAxis_custom--SAndP500TotalReturnIndexMember_zatXLupQwyhj" style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">S&amp;P 500^® Total Return Index - $10,726</div></td></tr><tr id="xdx_430_c20250819__20250819_eoef--AccmVal_zIfVvhKQzUU6" style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">8/19/2025</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10000</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10000</div></td></tr><tr id="xdx_43D_c20250819__20250831_eoef--AccmVal_zNFTXsT0h13h" style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">8/31/2025</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10208</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10080</div></td></tr><tr id="xdx_43D_c20250819__20250930_eoef--AccmVal_zYpZQTX9TNbd" style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">9/30/2025</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10966</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10448</div></td></tr><tr id="xdx_436_c20250819__20251031_eoef--AccmVal_z2qH7hbNCKZd" style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10/31/2025</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10977</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10693</div></td></tr><tr id="xdx_43D_c20250819__20251130_eoef--AccmVal_ztNCFmxLsqcc" style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">11/30/2025</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10848</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10719</div></td></tr><tr id="xdx_43C_c20250819__20251231_eoef--AccmVal_zrtQNZAVzqM9" style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">12/31/2025</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">11019</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">10726</div></td></tr></table></div></div><img alt="line" src="qes1iy8111ml81nez7.jpg" style="box-sizing: border-box; width: 240pt; height: auto"/></div><div style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0pt 0 4pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4F4F4F; text-indent: 0"><span style="box-sizing: border-box; display: block"></span></div> 10000 10000 10208 10080 10966 10448 10977 10693 10848 10719 11019 10726 <p id="xdx_80B_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000263238Member_z8FgpF0X9fMb" style="font: bold 18pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 28.18px; align-content: center; box-sizing: border-box; color: #231F20; font-weight: bold; text-indent: 0; text-align: center">Annual Performance</p><div style="box-sizing: border-box; text-align-last: auto"><div style="box-sizing: border-box; text-align-last: auto; padding-top: 0px"><div style="box-sizing: border-box; text-align-last: auto"><table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"><tr style="box-sizing: border-box; display: table-row; height: auto"><th style="border-bottom: #4F4F4F 1.4pt solid; box-sizing: border-box"><div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231F20; font-weight: bold; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div><div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231F20; font-weight: bold; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Average Annual Total Returns for the</span></div><div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231F20; font-weight: bold; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Period Ended December 31, 2025</span></div></th><th style="border-bottom: #4F4F4F 1.4pt solid; box-sizing: border-box"><div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231F20; font-weight: bold; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div><div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231F20; font-weight: bold; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Since Inception</span></div><div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231F20; font-weight: bold; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(<span id="xdx_90F_eoef--PerfInceptionDate_c20250101__20251231__oef--ClassAxis__custom--C000263238Member_zLeBm9N3W2Ki">08/19/2025</span>)</span></div></th></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SMART Trend 25 ETF </span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_989_eoef--AvgAnnlRtrPct_dp_c20250819__20251231__oef--ClassAxis__custom--C000263238Member_zzxi2y7S3246" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.19%</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">S&amp;P 500^® Total Return Index</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_989_eoef--AvgAnnlRtrPct_dp_c20250819__20251231__oef--BroadBasedIndexAxis__custom--SAndP500TotalReturnIndexMember_zZA524FzkxR5" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.26%</span></div></td></tr></table></div></div></div> 2025-08-19 0.1019 0.0726 The Fund's past performance is not a good indicator of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Visit www.smartwayetfs.com/strn/ for more recent performance information. <p id="xdx_804_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000263238Member_zpmm9W3q45B8" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 4pt 0 0pt; text-align-last: auto; display: block; min-height: 17.27px; align-content: center; box-sizing: border-box; color: #231F20; font-weight: bold; text-indent: 0"><b style="box-sizing: border-box">How did the Fund perform in the past </b>period<b style="box-sizing: border-box">?</b></p><div style="font: normal 10pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0"><div style="box-sizing: border-box; text-align-last: auto"><p style="font: normal 10pt Gotham Narrow-Light,Arial,Arial; margin: 0pt 0 8pt; text-align-last: auto; min-height: 65.45px; align-content: center; box-sizing: border-box; color: #4F4F4F; text-indent: 0; display: block">The SMART Trend 25 ETF (“STRN”) delivered strong results since inception returning 10.19% for the fiscal period ended December 31, 2025, outperforming the S&amp;P 500^® Total Return Index which returned 7.26%, and generating positive alpha. This performance was driven by a disciplined stock selection process, combined with a more balanced portfolio structure that typically holds approximately 25 companies.</p></div></div><p style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 0pt; text-align-last: auto; display: block; min-height: 17.27px; align-content: center; box-sizing: border-box; color: #231F20; font-weight: bold; text-indent: 0">What Factors Influenced Performance?</p><p style="font: normal 10pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 65.45px; align-content: center; box-sizing: border-box; color: #4F4F4F; text-indent: 0; display: block">STRN’s lower concentration resulted in a reduced beta profile and lower overall volatility. While this led to a more moderate level of alpha generation, the Fund still delivered clear excess returns over the benchmark, providing investors with a smoother return profile while participating meaningfully in market upside. This balance reflects STRN’s strategy of capturing market trends while managing risk more conservatively.</p> <p id="xdx_80B_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000263238Member_zZHcCoXIJQu8" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20.9px; align-content: center; box-sizing: border-box; color: #231F20; font-weight: bold; text-indent: 0">Key Fund Statistics</p><p style="font: normal 10pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16.36px; align-content: center; box-sizing: border-box; color: #4F4F4F; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt">(as of </span><span style="box-sizing: border-box; font-size: 9pt">December 31, 2025</span><span style="box-sizing: border-box; font-size: 9pt">)</span></p><div style="box-sizing: border-box; text-align-last: auto"><div style="box-sizing: border-box; text-align-last: auto; padding-top: 0px"><div style="box-sizing: border-box; text-align-last: auto"><table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"><tr style="box-sizing: border-box; display: table-row; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Size (Thousands)</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_988_eus-gaap--AssetsNet_iE_pn3n3_c20250101__20251231__oef--ClassAxis__custom--C000263238Member_zyqRrYXU4fxk" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$10,449</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_98B_eoef--HoldingsCount_iI_uHoldings_c20251231__oef--ClassAxis__custom--C000263238Member_z5tyWwfxiHFj" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">26</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Advisory Fee Paid</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_987_eoef--AdvisoryFeesPaidAmt_c20250101__20251231__oef--ClassAxis__custom--C000263238Member_zgQrZoTRNXH5" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$19,106</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover Rate</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_986_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250101__20251231__oef--ClassAxis__custom--C000263238Member_ztfgjDCnKD3a" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">183%</span></div></td></tr></table></div></div></div><div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0"><div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> 10449000 26 19106 1.83 <div id="xdx_80A_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000263238Member_z0T4bXiFwdh6" style="box-sizing: border-box; text-align-last: auto; position: relative"><p style="font: bold 18pt/normal Gotham Narrow-Bold,Arial,Arial; margin: -12pt 0 0pt; text-align-last: auto; display: block; min-height: 28.18px; align-content: center; box-sizing: border-box; color: #231F20; font-weight: bold; text-indent: 0">What did the Fund invest in?</p><p style="font: normal 10pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16.36px; align-content: center; box-sizing: border-box; color: #4F4F4F; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt">(as of </span><span style="box-sizing: border-box; font-size: 9pt">December 31, 2025</span><span style="box-sizing: border-box; font-size: 9pt">)</span></p></div><div style="box-sizing: border-box; text-align-last: auto; position: relative"><p style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 8pt 0 0pt; text-align-last: auto; display: block; min-height: 20.9px; align-content: center; box-sizing: border-box; color: #231F20; font-weight: bold; text-indent: 0">Sector Breakdown</p><p style="font: normal 10pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0pt 0; text-align-last: auto; display: block; min-height: 16.36px; align-content: center; box-sizing: border-box; color: #4F4F4F; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt">(% of total net assets)</span></p><div style="box-sizing: border-box; text-align-last: auto"><div style="box-sizing: border-box; text-align-last: auto; padding-top: 0px"><div style="box-sizing: border-box; text-align-last: auto"><table style="margin: 0; padding: 0; box-sizing: border-box; table-layout: fixed; border-collapse: collapse; display: none"><tr style="box-sizing: border-box; display: table-row"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">sector</div></td><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">%</div></td></tr><tr style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">Financial Services </div></td><td style="box-sizing: border-box"><div id="xdx_986_eoef--PctOfNav_iI_c20251231__oef--ClassAxis__custom--C000263238Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zVoDTuClwCT9" style="box-sizing: border-box; text-align-last: auto">0.269</div></td></tr><tr style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">Media </div></td><td style="box-sizing: border-box"><div id="xdx_987_eoef--PctOfNav_iI_c20251231__oef--ClassAxis__custom--C000263238Member__oef--IndustrySectorAxis__custom--MediaSectorMember_zhmhstqiecu3" style="box-sizing: border-box; text-align-last: auto">0.235</div></td></tr><tr style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">Tech Hardware &amp; Semiconductors </div></td><td style="box-sizing: border-box"><div id="xdx_988_eoef--PctOfNav_iI_c20251231__oef--ClassAxis__custom--C000263238Member__oef--IndustrySectorAxis__custom--TechHardwareAndSemiconductorsSectorMember_zU7G67RXEfA3" style="box-sizing: border-box; text-align-last: auto">0.207</div></td></tr><tr style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">Health Care </div></td><td style="box-sizing: border-box"><div id="xdx_982_eoef--PctOfNav_iI_c20251231__oef--ClassAxis__custom--C000263238Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zMZ2ofEvamBi" style="box-sizing: border-box; text-align-last: auto">0.071</div></td></tr><tr style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">Retail &amp; Wholesale - Discretionary </div></td><td style="box-sizing: border-box"><div id="xdx_98F_eoef--PctOfNav_iI_c20251231__oef--ClassAxis__custom--C000263238Member__oef--IndustrySectorAxis__custom--RetailAndWholesaleDiscretionarySectorMember_z9bUDccqzAIe" style="box-sizing: border-box; text-align-last: auto">0.071</div></td></tr><tr style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">Materials </div></td><td style="box-sizing: border-box"><div id="xdx_982_eoef--PctOfNav_iI_c20251231__oef--ClassAxis__custom--C000263238Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zdP4y1b6Yakh" style="box-sizing: border-box; text-align-last: auto">0.069</div></td></tr><tr style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">Software &amp; Tech Services </div></td><td style="box-sizing: border-box"><div id="xdx_98F_eoef--PctOfNav_iI_c20251231__oef--ClassAxis__custom--C000263238Member__oef--IndustrySectorAxis__custom--SoftwareAndTechServicesSectorMember_zhPgFiElWT1b" style="box-sizing: border-box; text-align-last: auto">0.044</div></td></tr><tr style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">Industrial Products </div></td><td style="box-sizing: border-box"><div id="xdx_981_eoef--PctOfNav_iI_c20251231__oef--ClassAxis__custom--C000263238Member__oef--IndustrySectorAxis__custom--IndustrialProductsSectorMember_zvVOWzt0zsbk" style="box-sizing: border-box; text-align-last: auto">0.035</div></td></tr><tr style="box-sizing: border-box"><td style="box-sizing: border-box"><div style="box-sizing: border-box; text-align-last: auto">Cash &amp; Other</div></td><td style="box-sizing: border-box"><div id="xdx_984_eoef--PctOfNav_iI_c20251231__oef--ClassAxis__custom--C000263238Member__oef--IndustrySectorAxis__custom--CashAndOtherSectorMember_zhdd9dNAyXxe" style="box-sizing: border-box; text-align-last: auto">-0.001</div></td></tr></table></div></div><img alt="bar" src="qes1iy8111ml81rvc8.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div><div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0"><div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div><p style="font: normal 10pt/normal Gotham Narrow-Light,Arial,Arial; margin: -6pt 0 0pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4F4F4F; text-indent: 0"> </p></div> 0.269 0.235 0.207 0.071 0.071 0.069 0.044 0.035 -0.001 <div id="xdx_80A_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000263238Member_zW3N7eNKmeB4" style="box-sizing: border-box; text-align-last: auto"><table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"><tr style="box-sizing: border-box; display: table-row; height: auto"><th style="border-bottom: #4F4F4F 1.4pt solid; box-sizing: border-box"><div style="font: bold 13pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231F20; font-weight: bold; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Top Ten Holdings</span></div></th><th style="border-bottom: #4F4F4F 1.4pt solid; box-sizing: border-box"><div style="font: bold 13pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231F20; font-weight: bold; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(% of total net assets)</span></div></th></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alphabet, Inc. - Class C</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_98D_eoef--PctOfNav_iI_dp_c20251231__oef--ClassAxis__custom--C000263238Member__oef--LargestHoldingAxis__custom--AlphabetIncClassCMember_zOm6KJOuf6ml" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.1</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alphabet, Inc. - Class A</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_987_eoef--PctOfNav_iI_dp_c20251231__oef--ClassAxis__custom--C000263238Member__oef--LargestHoldingAxis__custom--AlphabetIncClassAMember_zJlhQ3c8pnxi" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.1</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Amazon.com, Inc.</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_988_eoef--PctOfNav_iI_dp_c20251231__oef--ClassAxis__custom--C000263238Member__oef--LargestHoldingAxis__custom--AmazonDotComIncMember_zUaGIOx7J54l" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.1</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Eli Lilly &amp; Co.</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_982_eoef--PctOfNav_iI_dp_c20251231__oef--ClassAxis__custom--C000263238Member__oef--LargestHoldingAxis__custom--EliLillyAndCoMember_zGwHk3vFFYH4" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.1</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Newmont Corp.</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_986_eoef--PctOfNav_iI_dp_c20251231__oef--ClassAxis__custom--C000263238Member__oef--LargestHoldingAxis__custom--NewmontCorpMember_znXV3HkHv6jb" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.9</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Charles Schwab Corp.</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_980_eoef--PctOfNav_iI_dp_c20251231__oef--ClassAxis__custom--C000263238Member__oef--LargestHoldingAxis__custom--CharlesSchwabCorpMember_zYAlf6NJNtwj" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.3</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Capital One Financial Corp.</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_986_eoef--PctOfNav_iI_dp_c20251231__oef--ClassAxis__custom--C000263238Member__oef--LargestHoldingAxis__custom--CapitalOneFinancialCorpMember_z282Aqwi4Dd7" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.2</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Goldman Sachs Group, Inc.</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_985_eoef--PctOfNav_iI_dp_c20251231__oef--ClassAxis__custom--C000263238Member__oef--LargestHoldingAxis__custom--GoldmanSachsGroupIncMember_zTakOLW7zmGa" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.8</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advanced Micro Devices, Inc.</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_989_eoef--PctOfNav_iI_dp_c20251231__oef--ClassAxis__custom--C000263238Member__oef--LargestHoldingAxis__custom--AdvancedMicroDevicesIncMember_zCQj8wLIMH5j" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.8</span></div></td></tr><tr style="box-sizing: border-box; height: auto"><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Micron Technology, Inc.</span></div></td><td style="border-bottom: black 1pt solid; box-sizing: border-box"><div id="xdx_98E_eoef--PctOfNav_iI_dp_c20251231__oef--ClassAxis__custom--C000263238Member__oef--LargestHoldingAxis__custom--MicronTechnologyIncMember_zx2ZVBM6RxG2" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4F4F4F; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div></td></tr></table></div> 0.071 0.071 0.071 0.071 0.069 0.063 0.062 0.048 0.048 0.047  The Fund commenced operations on August 19, 2025. Expenses for a full reporting period would be higher than figures shown. Cost paid as a percentage of a $10,000 investment is an annualized figure.  The Fund commenced operations on August 19, 2025. Expenses for a full reporting period would be higher than figures shown. Cost paid as a percentage of a $10,000 investment is an annualized figure.