THOR ADAPTIVERISK DYNAMIC ETF
SCHEDULE OF INVESTMENTS (Unaudited)
May 31, 2026
 
Shares             Fair Value
    COMMON STOCKS — 26.9%      
    BIOTECH & PHARMA - 1.3%      
544   Eli Lilly & Company       $ 601,120
             
 
    E-COMMERCE DISCRETIONARY - 1.8%      
3,135   Amazon.com, Inc.(a)         848,456
             
 
    ELECTRIC UTILITIES - 1.8%      
520   NextEra Energy, Inc.         45,245
8,567   Southern Company (The)         788,593
             

833,838

    INTERNET MEDIA & SERVICES - 2.0%      
2,450   Alphabet, Inc., Class C         922,254
             
 
    LEISURE FACILITIES & SERVICES - 0.1%      
180   McDonald's Corporation         50,256
             
 
    OIL & GAS PRODUCERS - 1.6%      
4,979   Exxon Mobil Corporation         723,250
             
 
    RETAIL - CONSUMER STAPLES - 6.1%      
1,569   Costco Wholesale Corporation         1,500,466
11,437   Walmart, Inc.         1,323,833
             

2,824,299

    RETAIL - DISCRETIONARY - 2.7%      
5,930   O'Reilly Automotive, Inc.(a)         515,198
4,538   TJX Companies, Inc. (The)         702,256
             

1,217,454

    SEMICONDUCTORS - 7.2%      
3,779   Broadcom, Inc.         1,688,343
7,739   NVIDIA Corporation         1,634,012
             

3,322,355

    TECHNOLOGY HARDWARE - 2.3%      
3,359   Apple, Inc.         1,048,210
             
 
 
 

 

THOR ADAPTIVERISK DYNAMIC ETF
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
May 31, 2026
 
Shares             Fair Value
    COMMON STOCKS — 26.9% (Continued)      
    TOTAL COMMON STOCKS (Cost $12,382,006)    

$ 12,391,492

               
    EXCHANGE-TRADED FUNDS — 72.6%      
    ALTERNATIVE - 0.1%      
5,881   ProShares Bitcoin Strategy ETF         58,928
             
 
    COMMODITY - 20.0%      
214,652   FT Vest Gold Strategy Target Income ETF, USD Class         5,155,941
162,092   Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF         2,856,061
21,236   ProShares Ultra Gold(a)         1,208,328
             

9,220,330

    EQUITY - 36.3%      
56,875   Amplify Transformational Data Sharing ETF         3,865,225
26,878   Innovator U.S. Equity Power Buffer ETF - October, USD Class(a)         1,244,183
52,851   ProShares UltraPro QQQ         4,469,080
20,576   Roundhill Magnificent Seven ETF         1,454,929
3,536   SPDR S&P Aerospace & Defense ETF         1,018,368
38,518   State Street Energy Select Sector SPDR ETF         2,168,178
2,707   VanEck Semiconductor ETF         1,621,304
5,090   WisdomTree Japan Hedged Equity Fund         873,037
             

16,714,304

    FIXED INCOME - 7.3%      
4,160   BondBloxx Bloomberg Three Year Target Duration US, USD Class         204,672
11,463   iShares 3-7 Year Treasury Bond ETF         1,349,654
38,555   Simplify Interest Rate Hedge ETF, USD Class         1,789,337
             

3,343,663

    SPECIALTY - 8.9%      
52,784   ProShares UltraShort Yen(a)         2,850,183
48,046   WisdomTree Bloomberg U.S. Dollar Bullish Fund         1,256,883
             

4,107,066

 
 

 

THOR ADAPTIVERISK DYNAMIC ETF
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
May 31, 2026
 
Shares             Fair Value
    EXCHANGE-TRADED FUNDS — 72.6% (Continued)      
    TOTAL EXCHANGE-TRADED FUNDS (Cost $32,386,027)    

$ 33,444,291

               
    TOTAL INVESTMENTS - 99.5% (Cost $44,768,033)     $ 45,835,783
    OTHER ASSETS IN EXCESS OF LIABILITIES- 0.5%    

218,076

    NET ASSETS - 100.0%        

$ 46,053,859

 

 

 

 

 

          
ETF   -Exchange-Traded Fund          
SPDR   -Standard & Poor’s Depositary Receipt          
 

 

 

 

 

(a) Non-income producing security.