ARROW VALTORO ETF
SCHEDULE OF INVESTMENTS (Unaudited)
April 30, 2026

Shares							Fair Value
		SHORT-TERM INVESTMENT — 77.6%
		MONEY MARKET FUND - 77.6%
2,684,645		First American Government Obligations Fund, Class X, 3.58% (Cost $2,684,645)^(a)					$ 2,684,645

		TOTAL INVESTMENTS - 77.6% (Cost $2,684,645)					$ 2,684,645
		OTHER ASSETS IN EXCESS OF LIABILITIES - 22.4%					774,213
		NET ASSETS - 100.0%					$ 3,458,858

OPEN FUTURES CONTRACTS
Number of Contracts		Open Long Futures Contracts			Expiration	Notional Amount^(b)	Value and Unrealized Appreciation (Depreciation)
2		CME Bitcoin Futures^(c)			06/01/2026	$ 767,400	$ 12,808
36		CME Micro Bitcoin Futures^(c)			06/01/2026	276,264	4,540
16		COMEX E-Micro Gold Futures^(c)			06/29/2026	740,736	(267)
		TOTAL FUTURES CONTRACTS					$ 17,081

^(a)	Rate disclosed is the seven day effective yield as of April 30, 2026.
^(b)	The amounts shown are the underlying reference notional amounts to stock exchange indices and equities upon which the fair value of the futures contracts held by the Fund are based. Notional values do not represent the current fair value of, and are not necessarily indicative of the future cash flows of the Fund's futures contracts. Further, the underlying price changes in relation to the variables specified by the notional values affects the fair value of these derivative financial instruments. The notional values as set forth within this schedule do not purport to represent economic value at risk to the Fund.
^(c)	All or a portion of this investment is a holding of the ATV Fund Limited.