1
QUARTERLY REPORT
BRENDAN WOOD TOPGUN ETF
Schedule of InvestmentsMay 31, 2026 (unaudited)
|
|
|
|
|
Shares |
|
Value |
|
|
99.60% |
|
COMMON STOCKS |
|
|
|
|
|
|
4.47% |
|
COMMUNICATION SERVICES |
|
|
|
|
|
|
|
|
Alphabet, Inc. Class C |
|
2,445 |
|
$920,371 |
|
|
|
|
|
|
|
|
|
|
|
4.35% |
|
CONSUMER DISCRETIONARY |
|
|
|
|
|
|
|
|
Amazon.com, Inc.(A) |
|
3,308 |
|
895,277 |
|
|
|
|
|
|
|
|
|
|
|
4.13% |
|
CONSUMER STAPLES |
|
|
|
|
|
|
|
|
Costco Wholesale Corp. |
|
889 |
|
850,169 |
|
|
|
|
|
|
|
|
|
|
|
22.41% |
|
FINANCIALS |
|
|
|
|
|
|
|
|
Brookfield Corp. ADR |
|
16,830 |
|
767,280 |
|
|
|
|
JPMorgan Chase & Co. |
|
2,391 |
|
715,650 |
|
|
|
|
Mastercard, Inc. Class A |
|
1,349 |
|
666,379 |
|
|
|
|
Morgan Stanley |
|
4,317 |
|
897,936 |
|
|
|
|
Royal Bank of Canada ADR |
|
4,540 |
|
860,466 |
|
|
|
|
Visa, Inc. Class A |
|
2,175 |
|
709,833 |
|
|
|
|
|
|
|
|
4,617,544 |
|
|
|
|
|
|
|
|
|
|
|
6.86% |
|
HEALTH CARE |
|
|
|
|
|
|
|
|
Eli Lilly & Co. |
|
716 |
|
791,180 |
|
|
|
|
HCA Healthcare, Inc. |
|
1,646 |
|
623,077 |
|
|
|
|
|
|
|
|
1,414,257 |
|
|
|
|
|
|
|
|
|
|
|
14.64% |
|
INDUSTRIALS |
|
|
|
|
|
|
|
|
Ametek, Inc. |
|
3,044 |
|
687,487 |
|
|
|
|
Canadian Pacific Kansas City Southern ADR |
|
10,487 |
|
936,699 |
|
|
|
|
Parker-Hannifin Corp. |
|
877 |
|
740,741 |
|
|
|
|
Waste Connections, Inc. ADR |
|
4,373 |
|
651,664 |
|
|
|
|
|
|
|
|
3,016,591 |
|
|
|
|
|
|
|
|
|
|
|
27.54% |
|
INFORMATION TECHNOLOGY - HARDWARE |
|
|
|
|
|
|
|
|
Advanced Micro Devices(A) |
|
1,850 |
|
954,785 |
|
|
|
|
ASML Holding NV ADR |
|
491 |
|
791,865 |
|
|
|
|
Broadcom, Inc. |
|
2,227 |
|
994,957 |
|
|
|
|
Micron Technology, Inc. |
|
1,000 |
|
971,000 |
|
|
|
|
Nvidia Corp. |
|
4,133 |
|
872,642 |
|
|
|
|
Taiwan Semiconductor Manufacturing Co. Ltd. ADR |
|
2,601 |
|
1,088,388 |
|
|
|
|
|
|
|
|
5,673,637 |
|
|
|
|
|
|
|
|
|
|
2
QUARTERLY REPORT
BRENDAN WOOD TOPGUN ETF
Schedule of Investments (continued)May 31, 2026 (unaudited)
|
|
|
|
|
Shares |
|
Value |
|
|
11.67% |
|
REAL ESTATE |
|
|
|
|
|
|
|
|
Equinix, Inc. REIT |
|
650 |
|
$694,226 |
|
|
|
|
Prologis, Inc. REIT |
|
6,039 |
|
866,415 |
|
|
|
|
Welltower, Inc. REIT |
|
4,112 |
|
844,317 |
|
|
|
|
|
|
|
|
2,404,958 |
|
|
|
|
|
|
|
|
|
|
|
3.53% |
|
UTILITIES |
|
|
|
|
|
|
|
|
NextEra Energy, Inc. |
|
8,365 |
|
727,839 |
|
|
|
|
|
|
|
|
|
|
|
99.60% |
|
TOTAL COMMON STOCKS |
|
20,520,643 |
|
||
|
|
|
(Cost: $15,698,332) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
99.60% |
|
TOTAL INVESTMENTS |
|
20,520,643 |
|
||
|
|
|
(Cost: $15,698,332) |
|
|
|
|
|
|
0.40% |
|
Other assets, net of liabilities |
|
81,640 |
|
||
|
100.00% |
|
NET ASSETS |
|
$20,602,283 |
|
||
(A)Non-income producing
ADR - Security represented is held by the custodian in the form of American Depositary Receipts.
REIT - Real Estate Investment Trust.
In accordance with U.S. GAAP, “fair value” is defined as the price that a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. Various inputs are used in determining the value of a Fund’s investments. U.S. GAAP establisheds a three-tier hierarchy of inputs to establish a classification of fair value measurements for disclosure purposes. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining fair value of investments).
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
3
QUARTERLY REPORT
BRENDAN WOOD TOPGUN ETF
Schedule of Investments (continued)May 31, 2026 (unaudited)
The following summarizes the inputs used to value the Fund’s investments as of May 31, 2026:
|
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
|
|
|
Quoted |
|
Other Significant Observable Inputs |
|
Significant Unobservable Inputs |
Total |
|
|
Assets |
|
|
|
|
|
|
|
|
Common Stocks |
$20,520,643 |
|
$— |
|
$— |
|
$20,520,643 |
|
|
$20,520,643 |
|
$— |
|
$— |
|
$20,520,643 |
The cost of investments for Federal income tax purposes has been estimated a/o May 31, 2026 since the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purpose is $15,698,332, and the related net unrealized appreciation (depreciation) consists of:
|
|
Gross unrealized appreciation |
|
$5,017,933 |
|
|
|
Gross unrealized depreciation |
|
(195,622 |
) |
|
|
Net unrealized appreciation |
|
$4,822,311 |
|