| Unlimited HFND Multi-Strategy Return Tracker ETF | ||||||||
| Consolidated Schedule of Investments | ||||||||
| May 31, 2026 (Unaudited) | ||||||||
| EXCHANGE TRADED FUNDS - 54.3% | Shares | Value | ||||||
| Consumer Discretionary Select Sector SPDR Fund | 2,881 | $ | 348,226 | |||||
| Energy Select Sector SPDR Fund | 6,390 | 359,693 | ||||||
| Financial Select Sector SPDR Fund | 21,884 | 1,128,777 | ||||||
| Industrial Select Sector SPDR Fund | 5,635 | 975,588 | ||||||
| Invesco Senior Loan ETF | 20,173 | 412,941 | ||||||
| iShares Agency Bond ETF | 16,750 | 1,831,277 | ||||||
| iShares Convertible Bond ETF | 9,721 | 1,173,130 | ||||||
| iShares iBoxx USD Investment Grade Corporate Bond ETF | 5,527 | 604,433 | ||||||
| iShares J.P. Morgan EM High Yield Bond ETF | 26,926 | 1,094,273 | ||||||
| iShares MSCI Brazil ETF | 517 | 18,565 | ||||||
| iShares MSCI China ETF | 8,776 | 483,558 | ||||||
| iShares MSCI Mexico ETF | 271 | 21,254 | ||||||
| iShares MSCI South Africa ETF | 614 | 42,618 | ||||||
| iShares MSCI South Korea ETF | 255 | 52,487 | ||||||
| iShares Preferred and Income Securities ETF | 304 | 9,594 | ||||||
| Materials Select Sector SPDR Fund | 23,371 | 1,195,427 | ||||||
| SPDR S&P Biotech ETF | 4,206 | 574,918 | ||||||
| SPDR S&P Retail ETF | 6,126 | 514,523 | ||||||
| Technology Select Sector SPDR Fund | 1,615 | 308,497 | ||||||
| Utilities Select Sector SPDR Fund | 9,333 | 414,572 | ||||||
| Vanguard Emerging Markets Government Bond ETF | 6,651 | 447,280 | ||||||
| Vanguard Growth ETF | 21,506 | 1,926,938 | ||||||
| Vanguard Mid-Cap ETF | 13,973 | 1,103,308 | ||||||
| Vanguard US Momentum Factor ETF | 3,906 | 909,707 | ||||||
| Vanguard Value ETF | 9,588 | 2,031,218 | ||||||
| 17,982,802 | ||||||||
| TOTAL EXCHANGE TRADED FUNDS (Cost $16,929,704) | 17,982,802 | |||||||
| SHORT-TERM INVESTMENTS - 38.7% | ||||||||
| Money Market Funds - 38.7% | Shares | Value | ||||||
| First American Government Obligations Fund - Class X, 3.55%(a)(b)(c) | 12,848,295 | 12,848,295 | ||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $12,848,295) | 12,848,295 | |||||||
| TOTAL INVESTMENTS - 93.0% (Cost $29,777,999) | $ | 30,831,097 | ||||||
| Other Assets in Excess of Liabilities - 7.0% | 2,338,375 | |||||||
| TOTAL NET ASSETS - 100.0% | $ | 33,169,472 | ||||||
| Percentages are stated as a percent of net assets. | ||||||||
| (a) | The rate shown represents the 7-day annualized effective yield as of May 31, 2026. |
| (b) | Fair value of this security exceeds 25% of the Fund’s net assets. Additional information for this security, including the financial statements, is available from the SEC’s EDGAR database at www.sec.gov. |
| (c) | All or a portion of the investment is a holding of the Unlimited HFND Cayman Subsidiary. |
| Unlimited HFND Multi-Strategy Return Tracker ETF | ||||||||||||||
| Consolidated Schedule of Futures Contracts | ||||||||||||||
| May 31, 2026 (Unaudited) | ||||||||||||||
| The Unlimited HFND Multi-Strategy Return Tracker ETF had the following futures contracts outstanding with Phillip Capital, Inc. as of May 31, 2026: | ||||||||||||||
| FUTURES CONTRACTS - 1.7% | ||||||||||||||
| Description | Contracts Purchased | Expiration Date | Notional Value | Value / Unrealized Appreciation (Depreciation) | ||||||||||
| Australian Dollar/U.S. Dollar Cross Currency Rate | 13 | 06/15/2026 | $ | 933,465 | $ | 11,179 | ||||||||
| Bloomberg Commodity Index(a) | 160 | 06/17/2026 | 2,161,747 | (25,681 | ) | |||||||||
| British Pound/U.S. Dollar Cross Currency Rate | 3 | 06/15/2026 | 252,394 | 1,095 | ||||||||||
| CBOE VIX | 97 | 06/17/2026 | 1,706,065 | (259,391 | ) | |||||||||
| E-Mini Russell 2000 Index | 4 | 06/18/2026 | 584,860 | 11,405 | ||||||||||
| E-Mini S&P 500 Index | 4 | 06/18/2026 | 1,519,150 | 138,163 | ||||||||||
| Euro Stoxx 50 | 23 | 06/19/2026 | 1,627,578 | 47,432 | ||||||||||
| Euro/U.S. Dollar Cross Currency Rate | 4 | 06/15/2026 | 583,650 | 6,947 | ||||||||||
| iBoxx iShares USD High Yield Corporate Bond Index | 54 | 09/01/2026 | 9,925,740 | 22,500 | ||||||||||
| MSCI EAFE Index | 10 | 06/19/2026 | 1,555,650 | 73,035 | ||||||||||
| MSCI Emerging Markets Index | 41 | 06/19/2026 | 3,584,425 | 473,923 | ||||||||||
| Nikkei 225 | 1 | 06/11/2026 | 331,150 | 75,671 | ||||||||||
| 576,278 | ||||||||||||||
| Description | Contracts Sold | Expiration Date | Notional Value | Value / Unrealized Appreciation (Depreciation) | ||||||||||
| Canadian Dollar/U.S. Dollar Cross Currency Rate | (3 | ) | 06/16/2026 | (217,605 | ) | 1,513 | ||||||||
| E-Mini S&P Real Estate Index | (6 | ) | 06/18/2026 | (323,025 | ) | (4,109 | ) | |||||||
| Japanese Yen/U.S. Dollar Cross Currency Rate | (8 | ) | 06/15/2026 | (628,700 | ) | 4,706 | ||||||||
| U.S. Treasury 5 Year Note | (76 | ) | 09/30/2026 | (8,148,032 | ) | (13,578 | ) | |||||||
| U.S. Treasury Long Bond | (3 | ) | 09/21/2026 | (336,656 | ) | (1,603 | ) | |||||||
| (13,071 | ) | |||||||||||||
| Net Unrealized Appreciation (Depreciation) | $ | 563,207 | ||||||||||||
| (a) | All or a portion of the investment is a holding of the Unlimited HFND Cayman Subsidiary. |