FolioBeyond Enhanced Fixed Income Premium ETF
Schedule of Investments
April 30, 2026 (Unaudited)
| EXCHANGE TRADED FUNDS - 97.8% | Shares | Value | ||||||||||
| FolioBeyond Alternative Income and Interest Rate Hedge ETF(a)(b) | 80,967 | $ | 2,931,006 | |||||||||
| iShares Mortgage Real Estate ETF | 42,548 | 979,455 | ||||||||||
| SPDR Bloomberg Short Term High Yield Bond ETF(b) | 115,306 | 2,906,864 | ||||||||||
| VanEck High Yield Muni ETF(b) | 57,342 | 2,930,176 | ||||||||||
| 9,747,501 | ||||||||||||
| TOTAL EXCHANGE TRADED FUNDS (Cost $9,727,277) | 9,747,501 | |||||||||||
| PURCHASED OPTIONS - 0.4%(c)(d)(e)(f) | Notional Amount | Contracts | Value | |||||||||
| Put Options - 0.4% | ||||||||||||
| iShares 20+ Year Treasury Bond ETF, Expiration: 8/21/2026; Exercise Price: $82.00 | $ | 3,424,800 | 400 | 39,800 | ||||||||
| TOTAL PURCHASED OPTIONS (Cost $39,349) | 39,800 | |||||||||||
| SHORT-TERM INVESTMENTS - 2.1% | ||||||||||||
| Money Market Funds - 2.1% | Shares | Value | ||||||||||
| First American Government Obligations Fund - Class X, 3.58%(g) | 208,460 | 208,460 | ||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $208,460) | 208,460 | |||||||||||
| TOTAL INVESTMENTS - 100.3% (Cost $9,975,086) | 9,995,761 | |||||||||||
| Liabilities in Excess of Other Assets - (0.3)% | (29,616 | ) | ||||||||||
| TOTAL NET ASSETS - 100.0% | $ | 9,966,145 | ||||||||||
Percentages are stated as a percent of net assets.
| (a) | Affiliated company as defined by the Investment Company Act of 1940. |
| (b) | 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. |
| (c) | Exchange-traded. |
| (d) | 100 shares per contract. |
| (e) | Held in connection with written option contracts. See Schedule of Written Options Contracts for further information. |
| (f) | Non-income producing security. |
| (g) | The rate shown represents the 7-day annualized effective yield as of April 30, 2026. |
| FolioBeyond Enhanced Fixed Income Premium ETF | |||||
| Schedule of Written Options Contracts | |||||
| April 30, 2026 (Unaudited) | |||||
| WRITTEN OPTIONS - (0.5)%(a)(b) | Notional Amount | Contracts | Value | |||||||||
| Put Options - (0.5)% | ||||||||||||
| iShares 20+ Year Treasury Bond ETF, Expiration: 8/21/2026; Exercise Price: $83.00 | $ | (3,424,800 | ) | (400) | $ | (50,200 | ) | |||||
| TOTAL WRITTEN OPTIONS (Premiums received $48,250) | $ | (50,200 | ) | |||||||||
Percentages are stated as a percent of net assets.
| (a) | Exchange-traded. |
| (b) | 100 shares per contract. |
The Fund held affiliated securities of the following companies during the period ended April 30, 2026. Transactions during the period in these securities of affiliated companies were as follows:
| Fair Value | |||||||||
| Security Name | Share Balance 4/30/2026 | Balance 7/31/2025 | Purchases | Sales | Realized Gain (Loss) |
Change in Unrealized Appreciation/ (Depreciation) |
Fair Value at 4/30/2026 | Dividend Income | |
| FolioBeyond Alternative Income and Interest Rate Hedge ETF | 80,967 | $3,157,947 | $97,669 | $(282,927) | $(7,307) | $(34,376) | $2,931,006 | $131,382 | |