RUNNING OAK EFFICIENT GROWTH ETF
SCHEDULE OF INVESTMENTS (Unaudited)
May 31, 2026
 
Shares             Fair Value
    COMMON STOCKS — 98.0%      
    AEROSPACE & DEFENSE - 3.5%      
8,201   Curtiss-Wright Corporation       $ 6,131,150
17,154   General Dynamics Corporation         5,949,350
             

12,080,500

    APPAREL & TEXTILE PRODUCTS - 2.0%      
59,427   Deckers Outdoor Corporation(a)         6,765,764
             
    CHEMICALS - 1.6%      
20,011   Air Products and Chemicals, Inc.         5,575,465
             
    COMMERCIAL SUPPORT SERVICES - 3.3%      
35,945   FTI Consulting, Inc.(a)         5,506,055
29,682   Republic Services, Inc.         5,949,460
             

11,455,515

    CONSTRUCTION MATERIALS - 1.6%      
16,387   Carlisle Companies, Inc.         5,650,401
             
    DIVERSIFIED INDUSTRIALS - 3.5%      
27,871   Honeywell International, Inc.         6,629,396
28,665   ITT, Inc.         5,589,675
             

12,219,071

    ELECTRICAL EQUIPMENT - 5.2%      
25,439   AMETEK, Inc.         5,745,398
14,828   Eaton Corporation PLC         5,940,097
35,079   nVent Electric PLC         5,857,842
             

17,543,337

    ENGINEERING & CONSTRUCTION - 4.7%      
73,677   AECOM         5,110,973
6,427   EMCOR Group, Inc.         5,313,972
49,596   Jacobs Solutions, Inc.         5,944,577
             

16,369,522

    HEALTH CARE FACILITIES & SERVICES - 5.3%      
108,380   Centene Corporation(a)         6,459,448
20,819   Cigna Group         5,775,191
 
 

 

RUNNING OAK EFFICIENT GROWTH ETF
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
May 31, 2026
 
Shares             Fair Value
    COMMON STOCKS — 98.0% (Continued)      
    HEALTH CARE FACILITIES & SERVICES - 5.3% (Continued)      
33,257   IQVIA Holdings, Inc.(a)       $ 6,059,758
             

18,294,397

    INDUSTRIAL SUPPORT SERVICES - 5.0%      
56,942   RB Global, Inc.         6,055,782
14,177   Watsco, Inc.         5,204,377
4,889   WW Grainger, Inc.         6,034,199
             

17,294,358

    INSTITUTIONAL FINANCIAL SERVICES - 1.6%      
38,191   Intercontinental Exchange, Inc.         5,646,539
             
    INSURANCE - 6.8%      
29,933   Arthur J. Gallagher & Company         6,019,825
105,066   Brown & Brown, Inc.         5,909,963
36,264   Marsh & McLennan Companies, Inc.         5,801,152
21,806   Primerica, Inc.         5,886,966
             

23,617,906

    INTERNET MEDIA & SERVICES - 3.3%      
15,089   Alphabet, Inc., Class C         5,679,952
79,264   Uber Technologies, Inc.(a)         5,580,186
             

11,260,138

    LEISURE FACILITIES & SERVICES - 3.5%      
30,226   Darden Restaurants, Inc.         6,163,384
32,508   Texas Roadhouse, Inc.         5,871,595
             

12,034,979

    MACHINERY - 5.0%      
59,574   Franklin Electric Company, Inc.         5,860,890
76,070   Graco, Inc.         5,739,482
77,205   Ingersoll Rand, Inc.         5,530,966
             

17,131,338

    MEDICAL EQUIPMENT & DEVICES - 8.5%      
95,243   Alcon, Inc.         6,313,658
109,930   Boston Scientific Corporation(a)         5,310,718
28,802   ResMed, Inc.         5,488,797
28,510   STERIS plc         6,064,932
 
 

 

RUNNING OAK EFFICIENT GROWTH ETF
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
May 31, 2026
 
Shares             Fair Value
    COMMON STOCKS — 98.0% (Continued)      
    MEDICAL EQUIPMENT & DEVICES - 8.5% (Continued)      
20,746   Stryker Corporation       $ 6,329,398
             

29,507,503

    RETAIL - DISCRETIONARY - 3.5%      
38,585   TJX Companies, Inc.         5,971,029
193,750   Tractor Supply Company         6,108,937
             

12,079,966

    SOFTWARE - 7.1%      
14,935   Intuit, Inc.         4,951,401
17,137   Roper Technologies, Inc.         5,578,608
65,720   ServiceNow, Inc.(a)         8,173,596
85,810   SS&C Technologies Holdings, Inc.         5,793,891
             

24,497,496

    TECHNOLOGY HARDWARE - 3.6%      
9,522   Teledyne Technologies, Inc.(a)         5,902,021
26,860   Zebra Technologies Corporation, Class A(a)         6,543,902
             

12,445,923

    TECHNOLOGY SERVICES - 17.6%      
33,180   Accenture PLC, Class A         6,206,983
93,448   Amdocs Ltd.         5,884,421
28,085   Automatic Data Processing, Inc.         6,230,376
39,814   Broadridge Financial Solutions, Inc.         6,120,208
12,365   CACI International, Inc., Class A(a)         6,349,551
34,095   Equifax, Inc.         5,652,610
26,459   FactSet Research Systems, Inc.         6,494,891
106,875   Fiserv, Inc.(a)         6,044,850
45,894   Leidos Holdings, Inc.         5,865,253
18,640   Visa, Inc., Class A         6,083,350
             

60,932,493

    TRANSPORTATION & LOGISTICS - 1.8%      
13,224   Saia, Inc.(a)         6,246,621
             
 
 

 

RUNNING OAK EFFICIENT GROWTH ETF
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
May 31, 2026
 
Shares             Fair Value
    COMMON STOCKS — 98.0% (Continued)      
               
    TOTAL COMMON STOCKS (Cost $356,930,331)    

$ 338,649,232

               
    TOTAL INVESTMENTS - 98.0% (Cost $356,930,331)     $ 338,649,232
    OTHER ASSETS IN EXCESS OF LIABILITIES- 2.0%    

7,062,962

    NET ASSETS - 100.0%        

$ 345,712,194

           
               
 

 

 

 

LTD  - Limited Company
PLC  - Public Limited Company
 

 

 

 

 

(a) Non-income producing security.