LHA Market StateTM Tactical Q ETF
  
Schedule of Investments
  
March 31, 2026 (Unaudited)
  
   
EXCHANGE TRADED FUNDS - 61.2%
Shares
 
Value
 
Domestic Equity - 61.2%
      
Invesco QQQ Trust Series 1 (a)(b)
    
33,790
    
$
19,502,912
  
TOTAL EXCHANGE TRADED FUNDS (Cost $16,018,064)
      
19,502,912
  
                 
SHORT-TERM INVESTMENTS
  
U.S. TREASURY BILLS - 30.1%
Par
 
Value
 
3.94%, 05/14/2026 (b)(c)
    
4,833,000
      
4,812,034
  
3.61%, 10/29/2026 (b)(c)
    
1,883,000
      
1,843,731
  
3.42%, 01/21/2027 (c)
    
3,000,000
      
2,914,028
  
TOTAL U.S. TREASURY BILLS (Cost $9,574,202)
      
9,569,793
  
                 
MONEY MARKET FUNDS - 9.2%
Shares
 
Value
 
First American Government Obligations Fund - Class X, 3.58% (b)(d)
    
1,469,280
      
1,469,280
  
First American Treasury Obligations Fund - Class X, 3.59% (b)(d)
    
1,469,279
      
1,469,279
  
TOTAL MONEY MARKET FUNDS (Cost $2,938,559)
      
2,938,559
  
                 
TOTAL INVESTMENTS - 100.5% (Cost $28,530,825)
      
32,011,264
  
Liabilities in Excess of Other Assets - (0.5)%
      
(165,718
)
TOTAL NET ASSETS - 100.0%
          
$
31,845,546
  
                 
Par amount is in USD unless otherwise indicated.
          
Percentages are stated as a percent of net assets.
          

(a)
Fair value of this security exceeds 25% of the Fund’s net assets.  Additional information for this security, including the financial statements, is available from the SEC’s EDGAR database at www.sec.gov.
(b)
All or a portion of the security has been pledged as collateral for futures contracts. The fair value of assets committed as collateral as of March 31, 2026 was $14,519,606, or 45.6% of net assets.
(c)
The rate shown is the annualized yield as of March 31, 2026.
(d)
The rate shown represents the 7-day annualized yield as of March 31, 2026.
LHA Market StateTM Tactical Q ETF
  
Schedule of Futures Contracts
  
March 31, 2026 (Unaudited)
  
   
Description
  
Contracts
Purchased
  
Expiration Date
  
Notional Value
    
Value / Unrealized
Appreciation
(Depreciation)
  
   CBOE Volatility Index
  
26
  
04/15/2026
  
$
650,582
    
$
(51,021
)
   CBOE Volatility Index
  
28
  
05/19/2026
    
683,536
      
(39,281
)
   Nasdaq 100 Index
  
19
  
06/18/2026
    
9,087,700
      
(372,343
)
Net Unrealized Appreciation (Depreciation)
      
$ –
  
$
–
    
$
(462,645
)
Summary of Fair Value Disclosure as of March 31, 2026 (Unaudited)
 
LHA Market StateTM Tactical Q 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 March 31, 2026:


   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Investments:
                        
  Exchange Traded Funds
  
$
19,502,912
    
$
–
    
$
–
    
$
19,502,912
  
  U.S. Treasury Bills
    
–
      
9,569,793
      
–
      
9,569,793
  
  Money Market Funds
    
2,938,559
      
–
      
–
      
2,938,559
  
Total Investments
  
$
22,441,471
    
$
9,569,793
    
$
–
    
$
32,011,264
  
                                 
Liabilities:
                                
Other Financial Instruments:
                                
  Futures Contracts *
  
$
(462,645
)
  
$
–
    
$
–
    
$
(462,645
)
Total Other Financial Instruments
  
$
(462,645
)
  
$
–
    
$
–
    
$
(462,645
)
   
* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of March 31, 2026.
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.