Hull
Tactical
US
ETF
Schedule
of
Investments
January
31,
2026
(Unaudited)
ETF
-
Exchange
-
Traded
Fund
SPDR
-
Standard
&
Depositary
Receipt
EXCHANGE-TRADED
FUNDS
—
50.24%
Shares
Fair
Value
Exchange-Traded
Funds
—
50.24%
Alpha
Architect
1-3
Month
Box
ETF
36,447
$
4,207,806
SPDR
S&P
500
ETF
Trust
(
a)(b)
93,454
64,667,365
Total
Exchange-Traded
Funds
(Cost $56,090,967)
68,875,171
U.S.
GOVERNMENT
&
AGENCIES
(c)(d)
—
22.49%
Principal
Amount
United
States
Treasury
Bill,
3.87%,
2/5/2026
$
6,000,000
5,998,198
United
States
Treasury
Bill,
3.77%,
3/10/2026
10,000,000
9,963,735
United
States
Treasury
Bill,
3.78%,
3/17/2026
5,000,000
4,978,303
United
States
Treasury
Bill,
3.58%,
4/21/2026
5,000,000
4,961,325
United
States
Treasury
Bill,
3.58%,
7/2/2026
5,000,000
4,926,177
Total
U.S.
Government
&
Agencies
(Cost $30,825,469)
30,827,738
Description
Number
of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Fair
Value
PURCHASED
CALL
OPTIONS
—
0.05%
S&P
500
Index
12
$
8,326,836
$
7,210.00
March
2026
43,080
S&P
500
Index
6
4,163,418
7,215.00
March
2026
20,820
T
otal
P
urchased
C
all
Options
(Cost
$62,372)
63,900
Total
Purchased
Options
(Cost
$62,372)
63,900
Total
Investments
—
72.78%
(Cost
$86,978,808)
99,766,809
Other
Assets
in
Excess
of
Liabilities
—
27.22%
37,320,745
Net
Assets
—
100.00%
$
137,087,554
(a)
Represents
an
investment
greater
that
25%
of
the
Fund’s
net
assets.
Performance
of
the
Fund
may
be
adversely
impacted
by
concentrated
investments
in
securities.
As
of
January
31,
2026,
the
percentage
of
net
assets
invested
in
SPDR
S&P
500
ETF
was
47.17%
of
the
Fund.
The
financial
statements
and
portfolio
holdings
for
this
security
can
be
found
at
www.sec.gov.
(b)
Securities,
or
a
portion
thereof,
have
been
pledged
as
collateral
on
open
futures
contracts
and/or
written
options
contracts.
The
total
collateral
pledged
is
$57,656,850.
(c)
The
rate
shown
represents
effective
yield
at
time
of
purchase.
(d)
Non-income
producing
security.
Hull
Tactical
US
ETF
Schedule
of
Open
Written
Option
Contracts
January
31,
2026
(Unaudited)
Description
Number
of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Fair
Value
Written
Put
Options
(0.10)%
S&P
500
Index
(6)
$
(4,163,418)
$
6,535.00
March
2026
$
(32,700)
S&P
500
Index
(18)
(12,490,254)
6,580.00
March
2026
(108,900)
Total
Written
Put
Options
(Premiums
Received
$152,869)
$
(141,600)
Total
Written
Options
(Premiums
Received
$152,869)
$
(141,600)
Hull
Tactical
US
ETF
Schedule
of
Futures
Contracts
January
31,
2026
(Unaudited)
Contracts
Expiration
Date
Notional
Value
Value
Value
and
Unrealized
Appreciation
(Depreciation)
LONG
CONTRACTS
Cboe
Volatility
Index
Future
224
April
2026
$
4,530,352
$
4,603,021
$
72,669
Cboe
Volatility
Index
Future
169
May
2026
3,458,413
3,523,515
65,102
CME
E-Mini
S&P
500
Index
Future
88
March
2026
30,681,998
30,649,300
(32,698)
105,073
SHORT
CONTRACTS
Cboe
Volatility
Index
Future
(110)
February
2026
$
(2,019,770)
$
(2,094,928)
$
(75,158)
Cboe
Volatility
Index
Future
(80)
March
2026
(1,552,731)
(1,591,848)
(39,117)
Total
Futures
(
9
,
202
)