REX-OSPREY™ SOL + Staking ETF
  
Consolidated Schedule of Investments
 
 
        
April 30, 2026 (unaudited)
  
   
 
 
 
            
   
 
 
    
  
Shares
    
Value
  
 
43.71
%
EXCHANGE TRADED PRODUCTS
 
 
            
     
CoinShares Physical Staked Solana(A)
 
 
    
3,783,000
    
$
35,458,059
  
     
(Cost: $80,280,578)
 
 
                
     
 
 
 
                
     
 
 
    
  
Quantity
    
Value
  
 
54.79
%
CRYPTO CURRENCIES(B)
 
 
                
     
JitoSOL (Liquid Staking Token on Solana)(A)
 
 
    
26,452
    
$
2,796,486
  
     
Solana(A)
 
 
    
501,015
      
41,642,927
  
     
 
 
 
                
     
TOTAL CRYPTO CURRENCIES
 
 
            
44,439,413
  
     
(Cost: $85,323,802)
 
 
                
     
 
 
 
                
     
 
 
    
  
Shares
    
Value
  
 
0.07
%
MONEY MARKET FUND
 
 
                
     
First American Government Obligations Fund - Institutional Class 3.576%(C)
    
57,679
    
$
57,679
  
     
(Cost: $57,679)
 
 
                
     
 
 
 
                
 
98.57
%
TOTAL INVESTMENTS
 
 
            
79,955,151
  
     
(Cost: $165,599,670)
 
 
                
     
 
 
 
                
 
1.43
%
Other assets, net of liabilities
 
 
            
1,160,629
  
 
100.00
%
NET ASSETS
 
 
          
$
81,115,780
  
     
 
 
 
                
     
 
 
 
                
     
(A)Non-income producing.
 
 
                
     
(B)All or a portion of these investments are a holding of the REX-Osprey™ SOL + Staking ETF (Cayman) Portfolio S.P. subsidiary.
  
     
(C)Effective 7 day yield as of April 30, 2026.
 
 
                
     
 
 
 
                
     
See Notes to Schedule of Investments.
 
 
                
     
 
 
 
                
 
(152.70
%)
REPURCHASE AGREEMENTS(D)
 
 
                
     
Broker
Interest Rate
Maturity Date
  
Cost
    
Value
  
     
Marex Prime Services
4.18%
5/6/2026
  
$
(123,860,930
)
  
$
(123,860,930
)
     
 
 
 
                
     
 
 
 
                
     
 
 
 
                
     
(D)Repurchase agreements are agreements in which the Fund purchases securities from financial institutions, subject to the seller's agreement to repurchase such securities at a mutually agreed upon date and price. The Fund may enter into repurchase agreements with counterparties deemed to be creditworthy. The value of the collateral received will be at least equal to the amount invested by the Fund, plus any accrued interest.
  
     
     
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 establishes 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.
 
 
 
 
The following summarizes the inputs used to value the Fund’s investments as of April 30, 2026:
 
 

 
        
Level 2
    
Level 3
        
 
        
Other
    
Significant
        
 
  
Level 1
    
Significant
    
Unobservable
        
 
  
Quoted Prices
    
Observable Inputs
    
Inputs
    
Total
  
Assets
                        
Exchange Traded Products
  
$
35,458,059
    
$
-
    
$
-
    
$
35,458,059
  
Crypto Currencies
    
44,439,413
      
-
      
-
      
44,439,413
  
Money Market Fund
    
57,679
      
-
      
-
      
57,679
  
 
  
$
79,955,151
    
$
-
    
$
-
    
$
79,955,151
  
Other Financial Instruments
                          
Repurchase Agreements
  
$
-
    
$
(123,860,930
)
  
$
-
    
$
(123,860,930
)
                                 
The cost of investments for Federal income tax purposes has been estimated as of April 30, 2026 since
          
the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income
  
tax purpose is $41,801,130 and the related net unrealized appreciation (depreciation) consists of:
          
                                 
 
                                
 
                  
Gross unrealized appreciation
    
$
-
  
 
                  
Gross unrealized depreciation
      
(85,706,908
)
 
                  
Net unrealized depreciation
    
$
(85,706,908
)