FolioBeyond Alternative Income and Interest Rate Hedge ETF
Schedule of Investments
April 30, 2026 (Unaudited)
| COLLATERALIZED MORTGAGE OBLIGATIONS - 94.0%(a) | Par | Value | ||||||
| Federal Home Loan Mortgage Corp. REMICs | ||||||||
| Series 4591, Class QI, 3.50%, 04/15/2046 | $ | 2,489,828 | $ | 386,847 | ||||
| Series 4791, Class JI, 4.00%, 05/15/2048 | 11,246,164 | 2,386,770 | ||||||
| Series 4912, Class PI, 4.00%, 06/25/2049 | 931,482 | 188,066 | ||||||
| Series 4998, Class GI, 4.00%, 08/25/2050 | 1,695,115 | 338,877 | ||||||
| Series 5018, Class IN, 5.50%, 10/25/2050 | 3,027,588 | 739,741 | ||||||
| Series 5023, Class IB, 4.50%, 10/25/2050 | 2,812,367 | 625,112 | ||||||
| Series 5058, Class IP, 3.50%, 12/25/2050 | 16,631,698 | 3,376,048 | ||||||
| Series 5068, Class AI, 3.00%, 11/25/2050 | 14,717,239 | 2,462,247 | ||||||
| Series 5070, Class IH, 3.50%, 02/25/2051 | 3,578,184 | 708,577 | ||||||
| Series 5086, Class BI, 3.00%, 03/25/2051 | 3,347,906 | 577,468 | ||||||
| Series 5094, Class CI, 3.50%, 04/25/2036 | 3,550,405 | 325,584 | ||||||
| Series 5102, Class MI, 4.50%, 04/25/2051 | 6,918,232 | 1,622,060 | ||||||
| Series 5145, Class IH, 3.00%, 09/25/2051 | 1,514,409 | 254,078 | ||||||
| Series 5151, Class HI, 4.00%, 08/25/2050 | 13,437,873 | 3,035,019 | ||||||
| Series 5153, Class PI, 3.00%, 10/25/2051 | 36,521,697 | 4,743,522 | ||||||
| Series 5159, Class BI, 3.00%, 03/25/2050 | 1,061,344 | 183,436 | ||||||
| Series 5162, Class CI, 3.00%, 11/25/2050 | 10,053,393 | 1,724,450 | ||||||
| Series 5169, Class IY, 4.00%, 01/25/2049 | 4,356,751 | 912,084 | ||||||
| Series 5170, Class IC, 4.50%, 08/25/2050 | 16,808,891 | 3,899,037 | ||||||
| Series 5188, Class LI, 3.00%, 02/25/2052 | 19,245,094 | 2,060,622 | ||||||
| Series 5191, Class IJ, 3.00%, 02/25/2052 | 37,072,982 | 4,247,807 | ||||||
| Series 5205, Class PI, 3.00%, 03/25/2052 | 7,732,018 | 737,552 | ||||||
| Series 5206, Class XI, 3.50%, 08/25/2051 | 16,201,416 | 1,967,869 | ||||||
| Series 5211, Class IH, 3.50%, 04/25/2052 | 17,696,795 | 2,802,956 | ||||||
| Series 5227, Class BI, 3.50%, 08/25/2048 | 2,564,883 | 315,489 | ||||||
| Series 5228, Class DI, 4.50%, 01/25/2046 | 5,742,488 | 783,721 | ||||||
| Series 5236, Class UI, 4.00%, 12/15/2047 | 9,566,092 | 1,476,108 | ||||||
| Series 5267, Class GI, 5.00%, 07/25/2047 | 2,275,513 | 240,862 | ||||||
| Series 5274, Class PI, 5.50%, 02/25/2044 | 2,279,968 | 316,131 | ||||||
| Series 5293, Class CI, 2.50%, 04/25/2051 | 20,136,257 | 3,140,153 | ||||||
| Series 5410, Class IO, 4.00%, 05/25/2052 | 45,654,736 | 5,617,975 | ||||||
| Series 5445, Class IO, 3.00%, 02/25/2052 | 38,226,298 | 4,762,431 | ||||||
| Series 5446, Class EI, 6.00%, 08/25/2054 | 8,849,183 | 1,817,834 | ||||||
| Federal Home Loan Mortgage Corp. Strips | ||||||||
| Pool S1-5439, Series 363, Class C18, 4.50%, 09/15/2048 | 1,887,379 | 404,915 | ||||||
| Series 389, Class C27, 4.00%, 10/15/2052 | 7,819,732 | 1,711,509 | ||||||
| Federal National Mortgage Association REMICs | ||||||||
| Series 2018-1, Class IY, 4.50%, 02/25/2048 | 3,156,971 | 699,161 | ||||||
| Series 2018-56, Class IO, 4.00%, 08/25/2048 | 1,407,577 | 280,703 | ||||||
| Series 2019-65, Class HI, 4.00%, 11/25/2049 | 656,181 | 137,852 | ||||||
| Series 2020-20, Class GI, 3.50%, 04/25/2050 | 2,005,985 | 364,349 | ||||||
| Series 2020-44, Class AI, 4.00%, 07/25/2050 | 1,597,583 | 312,202 | ||||||
| Series 2020-78, Class KI, 4.00%, 07/25/2049 | 6,211,502 | 1,213,158 | ||||||
| Series 2020-8, Class CI, 3.50%, 02/25/2050 | 1,311,562 | 231,676 | ||||||
| Series 2020-88, Class IA, 3.50%, 11/25/2046 | 5,982,905 | 842,826 | ||||||
| Series 2021-17, Class IA, 2.50%, 04/25/2051 | 16,768,859 | 2,337,564 | ||||||
| Series 2021-17, Class IG, 4.00%, 02/25/2051 | 1,260,337 | 264,104 | ||||||
| Series 2021-25, Class IJ, 3.50%, 05/25/2051 | 13,938,773 | 2,762,916 | ||||||
| Series 2021-26, Class EI, 3.50%, 05/25/2041 | 863,855 | 112,055 | ||||||
| Series 2021-30, Class NI, 4.50%, 03/25/2048 | 2,671,557 | 355,128 | ||||||
| Series 2021-36, Class HI, 3.50%, 06/25/2051 | 3,129,006 | 620,974 | ||||||
| Series 2021-69, Class HI, 4.00%, 01/25/2051 | 16,728,927 | 3,742,264 | ||||||
| Series 2021-73, Class EI, 3.50%, 11/25/2051 | 889,064 | 158,198 | ||||||
| Series 2021-79, Class LI, 3.00%, 11/25/2051 | 2,509,074 | 380,173 | ||||||
| Series 2021-9, Class CI, 4.00%, 03/25/2051 | 19,785,669 | 4,163,142 | ||||||
| Series 2021-93, Class KI, 3.00%, 08/25/2051 | 39,029,390 | 4,797,457 | ||||||
| Series 2022-10, Class PI, 3.50%, 04/25/2051 | 12,991,119 | 1,976,869 | ||||||
| Series 2022-18, Class DI, 3.50%, 07/25/2046 | 35,351,124 | 4,196,878 | ||||||
| Series 2022-56, Class IA, 3.50%, 04/25/2052 | 28,439,270 | 3,140,347 | ||||||
| Series 2022-87, Class BI, 5.50%, 11/25/2048 | 1,043,689 | 121,775 | ||||||
| Series 2023-25, Class CI, 3.00%, 02/25/2052 | 22,361,849 | 3,130,780 | ||||||
| Series 2024-9, Class GI, 3.50%, 10/25/2049 | 30,926,636 | 4,366,238 | ||||||
| Government National Mortgage Association | ||||||||
| Series 2018-127, Class ID, 5.00%, 07/20/2045 | 8,576,825 | 1,181,371 | ||||||
| Series 2018-59, Class GI, 3.00%, 04/20/2048 | 5,104,519 | 788,884 | ||||||
| Series 2019-119, Class IN, 5.00%, 09/20/2049 | 1,461,452 | 347,823 | ||||||
| Series 2019-151, Class DI, 3.50%, 11/20/2048 | 3,731,137 | 551,047 | ||||||
| Series 2019-27, Class PI, 4.50%, 02/20/2049 | 254,759 | 46,891 | ||||||
| Series 2019-70, Class PI, 4.50%, 05/20/2048 | 1,510,433 | 236,499 | ||||||
| Series 2020-1, Class PI, 4.50%, 01/20/2050 | 6,986,620 | 1,553,782 | ||||||
| Series 2020-104, Class PI, 4.00%, 12/20/2049 | 2,501,186 | 433,905 | ||||||
| Series 2020-165, Class IC, 2.50%, 11/20/2050 | 3,485,741 | 167,218 | ||||||
| Series 2020-167, Class EI, 4.50%, 02/20/2049 | 3,030,589 | 673,170 | ||||||
| Series 2020-167, Class ID, 4.00%, 11/20/2050 | 6,654,343 | 1,410,130 | ||||||
| Series 2020-17, Class BI, 5.00%, 02/20/2050 | 506,328 | 109,906 | ||||||
| Series 2020-189, Class IA, 4.00%, 12/20/2049 | 16,909,131 | 3,709,209 | ||||||
| Series 2020-191, Class UE, 4.00%, 12/20/2050 | 774,943 | 159,115 | ||||||
| Series 2020-191, Class UH, 3.50%, 12/20/2050 | 16,899,819 | 3,353,227 | ||||||
| Series 2020-35, Class DI, 3.50%, 03/20/2050 | 482,491 | 84,093 | ||||||
| Series 2020-51, Class EI, 4.50%, 01/20/2050 | 3,009,152 | 625,377 | ||||||
| Series 2020-61, Class IC, 4.00%, 05/20/2050 | 3,448,470 | 716,967 | ||||||
| Series 2020-93, Class PI, 3.00%, 04/20/2050 | 2,833,681 | 350,551 | ||||||
| Series 2021-119, Class IO, 3.00%, 07/20/2051 | 4,210,949 | 677,921 | ||||||
| Series 2021-136, Class IG, 4.00%, 02/20/2049 | 9,789,544 | 2,193,115 | ||||||
| Series 2021-154, Class HI, 3.00%, 09/20/2051 | 50,641,973 | 6,161,690 | ||||||
| Series 2021-160, Class IV, 3.50%, 12/20/2050 | 15,578,933 | 3,044,114 | ||||||
| Series 2021-161, Class IC, 4.50%, 09/20/2051 | 1,805,252 | 401,602 | ||||||
| Series 2021-161, Class XI, 3.50%, 09/20/2051 | 1,979,482 | 379,375 | ||||||
| Series 2021-176, Class GI, 3.00%, 10/20/2051 | 2,233,134 | 345,569 | ||||||
| Series 2021-177, Class LI, 3.00%, 10/20/2051 | 19,032,076 | 2,606,420 | ||||||
| Series 2021-194, Class IQ, 2.50%, 11/20/2051 | 14,447,494 | 2,051,166 |
| Series 2021-216, Class ID, 3.00%, 12/20/2051 | 42,081,661 | 6,597,361 | ||||||
| Series 2021-225, Class IP, 3.00%, 12/20/2051 | 25,327,212 | 2,475,454 | ||||||
| Series 2021-49, Class LI, 3.00%, 02/20/2051 | 18,048,796 | 3,141,985 | ||||||
| Series 2021-49, Class WI, 2.50%, 05/20/2048 | 12,102,036 | 1,104,884 | ||||||
| Series 2021-58, Class EI, 3.50%, 04/20/2051 | 3,665,923 | 711,233 | ||||||
| Series 2021-91, Class IC, 3.00%, 05/20/2050 | 5,003,461 | 766,332 | ||||||
| Series 2021-97, Class WI, 3.00%, 03/20/2050 | 16,801,544 | 2,860,081 | ||||||
| Series 2022-10, Class GI, 4.50%, 01/20/2052 | 15,459,331 | 3,420,859 | ||||||
| Series 2022-34, Class TI, 3.50%, 06/20/2049 | 4,774,994 | 879,647 | ||||||
| Series 2022-46, Class DI, 4.00%, 03/20/2052 | 8,049,557 | 1,635,934 | ||||||
| Series 2022-51, Class GI, 4.00%, 03/20/2052 | 15,888,494 | 3,458,706 | ||||||
| Series 2022-6, Class PI, 3.50%, 01/20/2052 | 16,013,322 | 2,397,305 | ||||||
| Series 2022-61, Class CI, 4.00%, 01/20/2047 | 8,823,556 | 1,705,634 | ||||||
| Series 2022-61, Class GI, 3.00%, 11/20/2046 | 10,516,847 | 1,403,941 | ||||||
| Series 2022-65, Class HI, 4.00%, 01/20/2050 | 3,998,730 | 585,279 | ||||||
| Series 2022-81, Class GI, 3.50%, 03/20/2052 | 32,073,437 | 3,658,979 | ||||||
| Series 2022-90, Class QI, 4.00%, 11/20/2047 | 4,234,508 | 369,969 | ||||||
| Series 2023-18, Class IB, 5.00%, 02/20/2053 | 11,939,490 | 2,663,853 | ||||||
| Series 2023-192, Class IE, 4.50%, 09/20/2049 | 22,968,194 | 4,602,346 | ||||||
| Series 2023-25, Class EI, 3.00%, 08/20/2051 | 15,523,636 | 2,187,853 | ||||||
| Series 2023-79, Class HI, 3.00%, 10/20/2051 | 18,117,302 | 2,838,735 | ||||||
| Series 2024-26, Class LI, 5.00%, 02/20/2054 | 810,385 | 158,119 | ||||||
| Series 2024-4, Class GI, 5.00%, 02/20/2053 | 19,666,682 | 4,699,757 | ||||||
| Series 2024-4, Class IO, 3.00%, 09/20/2051 | 30,146,862 | 4,127,130 | ||||||
| Series 2024-58, Class IA, 3.00%, 01/20/2052 | 43,237,995 | 6,779,765 | ||||||
| Series 2025-25, Class IO, 3.50%, 09/20/2051 | 45,094,682 | 7,368,886 | ||||||
| Series 2025-97, Class IO, 3.50%, 10/20/2051 | 31,810,725 | 5,266,768 | ||||||
| TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $203,455,616) | 213,828,678 | |||||||
| SHORT-TERM INVESTMENTS - 7.2% | ||||||||
| Money Market Funds - 7.2% | Shares | Value | ||||||
| First American Government Obligations Fund - Class X, 3.58%(b) | 16,412,281 | 16,412,281 | ||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $16,412,281) | 16,412,281 | |||||||
| TOTAL INVESTMENTS - 101.2% (Cost $219,867,897) | 230,240,959 | |||||||
| Liabilities in Excess of Other Assets - (1.2)% | (2,684,913 | ) | ||||||
| TOTAL NET ASSETS - 100.0% | $ | 227,556,046 |
Percentages are stated as a percent of net assets.
| REMICs | Real Estate Mortgage Investment Conduits |
| (a) | Interest-only security. |
| (b) | The rate shown represents the 7-day annualized effective yield as of April 30, 2026. |