AXS FTSE Venture Capital Return Tracker Fund

SCHEDULE OF INVESTMENTS

As of June 30, 2026 (Unaudited)

Number of Shares			Value
		COMMON STOCKS — 101.0%
		AEROSPACE/DEFENSE — 1.8%
	1,112	Boeing Co.*	$	240,715
	1,570	General Electric Co.		586,756
	506	Honeywell Aerospace, Inc.*		111,867
	1,880	RTX Corp.		356,692
				1,296,030
		AGRICULTURE — 0.3%
	1,107	Altria Group, Inc.		79,649
	862	Philip Morris International, Inc.		155,944
				235,593
		AUTO MANUFACTURERS — 0.1%
	125	Tesla, Inc.*		52,575

		BANKS — 2.2%
	4,837	Bank of America Corp.		275,612
	1,198	Citigroup, Inc.		167,672
	202	Goldman Sachs Group, Inc.		204,297
	1,847	JPMorgan Chase & Co.		604,579
	883	Morgan Stanley		184,582
	1,982	Wells Fargo & Co.		163,792
				1,600,534
		BEVERAGES — 0.5%
	2,748	Coca-Cola Co.		223,330
	495	Monster Beverage Corp.*		47,579
	894	PepsiCo, Inc.		121,048
				391,957
		BIOTECHNOLOGY — 0.1%
	82	Amgen, Inc.		29,694
	532	Corteva, Inc.		45,055
				74,749
		BUILDING MATERIALS — 0.0%
	48	Martin Marietta Materials, Inc.		27,682

		CHEMICALS — 0.5%
	155	Air Products and Chemicals, Inc.		45,443
	218	Ecolab, Inc.		60,737
	398	Linde PLC¹		206,538
	201	Sherwin-Williams Co.		69,208
				381,926

AXS FTSE Venture Capital Return Tracker Fund

SCHEDULE OF INVESTMENTS - Continued

As of June 30, 2026 (Unaudited)

Number of Shares			Value
		COMMON STOCKS (Continued)
		COMPUTERS — 11.8%
	7,588	Accenture PLC - Class A¹	$	944,251
	3,285	Apple, Inc.²		950,547
	3,172	Crowdstrike Holdings, Inc. - Class A*^,2		2,420,680
	7,295	Fortinet, Inc.*^,2		1,120,658
	11,594	International Business Machines Corp.²		3,260,349
				8,696,485
		COSMETICS/PERSONAL CARE — 0.4%
	525	Colgate-Palmolive Co.		48,132
	1,520	Procter & Gamble Co.		222,893
				271,025
		DISTRIBUTION/WHOLESALE — 0.5%
	11,765	Copart, Inc.*		331,655

		DIVERSIFIED FINANCIAL SERVICES — 6.9%
	392	American Express Co.		132,594
	2,724	Coinbase Global, Inc. - Class A*		398,222
	7,244	Mastercard, Inc. - Class A²		3,720,518
	2,527	Visa, Inc. - Class A²		866,988
				5,118,322
		ELECTRIC — 0.0%
	25	Constellation Energy Corp.		6,209
	148	NextEra Energy, Inc.		12,990
				19,199
		ELECTRICAL COMPONENTS & EQUIPMENT — 0.4%
	617	Eaton Corp. PLC¹		262,916

		ELECTRONICS — 0.2%
	506	Honeywell International, Inc.		113,294

		FOOD — 0.1%
	348	Kroger Co.		19,324
	778	Mondelez International, Inc. - Class A		45,000
				64,324
		HEALTHCARE-PRODUCTS — 2.9%
	3,201	Abbott Laboratories		290,459
	508	Agilent Technologies, Inc.		67,477
	2,545	Boston Scientific Corp.*		108,620
	1,304	Danaher Corp.		248,386
	1,037	Edwards Lifesciences Corp.*		93,807
	771	GE HealthCare Technologies, Inc.		49,352

AXS FTSE Venture Capital Return Tracker Fund

SCHEDULE OF INVESTMENTS - Continued

As of June 30, 2026 (Unaudited)

Number of Shares			Value
		COMMON STOCKS (Continued)
		HEALTHCARE-PRODUCTS (Continued)
	139	IDEXX Laboratories, Inc.*	$	73,175
	654	Intuitive Surgical, Inc.*		260,083
	2,365	Medtronic PLC¹		185,014
	218	Natera, Inc.*		59,176
	256	ResMed, Inc.		49,889
	714	Stryker Corp.		224,796
	733	Thermo Fisher Scientific, Inc.		367,497
	196	Waters Corp.*		73,508
				2,151,239
		HEALTHCARE-SERVICES — 1.7%
	885	Centene Corp.*		56,808
	486	Cigna Group		133,981
	400	Elevance Health, Inc.		154,692
	305	HCA Healthcare, Inc.		118,916
	216	Humana, Inc.		85,800
	1,672	UnitedHealth Group, Inc.²		694,933
				1,245,130
		INSURANCE — 2.0%
	2,880	Berkshire Hathaway, Inc. - Class B*^,2		1,441,123

		INTERNET — 30.3%
	5,672	Airbnb, Inc. - Class A*		811,663
	9,408	Alphabet, Inc. - Class A²		3,362,137
	363	Amazon.com, Inc.*		86,517
	3,434	AppLovin Corp. - Class A*		1,769,300
	4,947	DoorDash, Inc. - Class A*		912,870
	5,406	eBay, Inc.		604,121
	642	MercadoLibre, Inc.*		1,089,724
	5,657	Meta Platforms, Inc. - Class A²		3,186,532
	41,598	Netflix, Inc.*^,2		2,970,097
	10,979	Palo Alto Networks, Inc.*^,2		3,744,059
	9,649	Robinhood Markets, Inc. - Class A*		967,602
	2,333	Spotify Technology S.A.*^,1		1,071,150
	23,977	Uber Technologies, Inc.*^,2		1,730,180
				22,305,952
		IRON/STEEL — 0.1%
	154	Nucor Corp.		34,303
	115	Steel Dynamics, Inc.		26,388
				60,691
		MACHINERY-CONSTRUCTION & MINING — 1.0%
	699	Caterpillar, Inc.		744,365

AXS FTSE Venture Capital Return Tracker Fund

SCHEDULE OF INVESTMENTS - Continued

As of June 30, 2026 (Unaudited)

Number of Shares			Value
		COMMON STOCKS (Continued)
		MACHINERY-CONSTRUCTION & MINING (Continued)
	18	GE Vernova, Inc.	$	21,148
				765,513
		MACHINERY-DIVERSIFIED — 0.3%
	401	Deere & Co.		254,366

		MEDIA — 0.1%
	65	Charter Communications, Inc. - Class A*		9,244
	2,177	Comcast Corp. - Class A		53,445
	76	EchoStar Corp. - Class A*		7,714
				70,403
		MINING — 0.2%
	1,248	Freeport-McMoRan, Inc.		78,487
	835	Newmont Corp.		77,989
				156,476
		OIL & GAS — 0.7%
	795	Chevron Corp.		131,779
	491	ConocoPhillips		51,044
	183	EOG Resources, Inc.		23,741
	1,659	Exxon Mobil Corp.		226,819
	114	Marathon Petroleum Corp.		29,146
	156	Phillips 66		26,372
	115	Valero Energy Corp.		29,951
				518,852
		OIL & GAS SERVICES — 0.0%
	584	SLB Ltd.¹		27,150

		PHARMACEUTICALS — 1.1%
	269	AbbVie, Inc.		67,691
	475	Becton Dickinson & Co.		71,882
	341	Cencora, Inc.		96,496
	2,206	CVS Health Corp.		228,211
	676	Dexcom, Inc.*		45,529
	130	Eli Lilly & Co.		155,926
	367	Johnson & Johnson		93,207
	377	Merck & Co., Inc.		48,444
				807,386
		PIPELINES — 0.1%
	780	Kinder Morgan, Inc.		24,937
	487	Williams Cos., Inc.		36,203
				61,140

AXS FTSE Venture Capital Return Tracker Fund

SCHEDULE OF INVESTMENTS - Continued

As of June 30, 2026 (Unaudited)

Number of Shares			Value
		COMMON STOCKS (Continued)
		RETAIL — 0.5%
	15	Costco Wholesale Corp.	$	14,032
	34	Home Depot, Inc.		11,991
	3,104	Walmart, Inc.		351,559
				377,582
		SEMICONDUCTORS — 3.3%
	365	Advanced Micro Devices, Inc.*		212,032
	175	Applied Materials, Inc.		126,525
	1,059	Broadcom, Inc.		400,037
	1,031	Intel Corp.*		143,959
	273	Lam Research Corp.		118,299
	237	Micron Technology, Inc.		273,567
	5,501	NVIDIA Corp.		1,100,695
	201	Texas Instruments, Inc.		59,912
				2,435,026
		SOFTWARE — 30.1%
	4,937	Adobe, Inc.*^,2		1,012,184
	2,608	Autodesk, Inc.*^,2		507,047
	3,450	Cadence Design Systems, Inc.*^,2		1,294,854
	3,178	Cloudflare, Inc. - Class A*		779,500
	5,056	CoreWeave, Inc. - Class A*		503,274
	3,673	Datadog, Inc. - Class A*		956,302
	2,688	Electronic Arts, Inc.		551,148
	3,418	Intuit, Inc.²		892,098
	7,948	Microsoft Corp.²		2,964,763
	15,849	Oracle Corp.²		2,322,671
	22,859	Palantir Technologies, Inc. - Class A*		2,666,960
	8,178	ROBLOX Corp. - Class A*		444,720
	1,242	Roper Technologies, Inc.²		420,280
	11,544	Salesforce, Inc.²		1,808,483
	13,083	ServiceNow, Inc.*^,2		1,298,880
	4,629	Snowflake, Inc.*^,2		1,178,080
	4,125	Strategy, Inc.*		358,586
	2,396	Synopsys, Inc.*^,2		1,068,784
	1,907	Take-Two Interactive Software, Inc.*		476,712
	294	Veeva Systems, Inc. - Class A*		52,176
	2,534	Workday, Inc. - Class A*^,2		310,212
	3,522	Zoom Communications, Inc.*		303,984
				22,171,698
		TELECOMMUNICATIONS — 0.5%
	171	AST SpaceMobile, Inc.*		15,195
	4,237	AT&T, Inc.		87,706
	873	Cisco Systems, Inc.		102,543

AXS FTSE Venture Capital Return Tracker Fund

SCHEDULE OF INVESTMENTS - Continued

As of June 30, 2026 (Unaudited)

Number of Shares			Value
		COMMON STOCKS (Continued)
		TELECOMMUNICATIONS (Continued)
	39	Globalstar, Inc.*	$	3,170
	527	Lumen Technologies, Inc.*		4,048
	67	Millicom International Cellular S.A.¹		6,081
	370	T-Mobile US, Inc.		62,060
	2,589	Verizon Communications, Inc.		109,618
				390,421
		TRANSPORTATION — 0.3%
	892	Union Pacific Corp.		242,624
		TOTAL COMMON STOCKS
		(Cost $59,173,723)		74,421,038

Principal Amount
		SHORT-TERM INVESTMENTS — 3.0%
$	2,230,958	UMB Bank, Institutional Banking Money Market II Deposit Investment, 3.06%³		2,230,958
		TOTAL SHORT-TERM INVESTMENTS
		(Cost $2,230,958)		2,230,958

		TOTAL INVESTMENTS — 104.0%
		(Cost $61,404,681)		76,651,996

		Liabilities in Excess of Other Assets — (4.0)%		(2,928,326	)
		TOTAL NET ASSETS — 100.0%	$	73,723,670

PLC – Public Limited Company

Non-income producing security.

Foreign security denominated in U.S. Dollars.

All or a portion of this security is segregated as collateral for swap agreement. As of June 30, 2026, the aggregate value of those securities was $25,950,259, representing 35.2% of net assets.

The rate is the annualized seven-day yield at period end.

AXS FTSE Venture Capital Return Tracker Fund

SCHEDULE OF INVESTMENTS - Continued

As of June 30, 2026 (Unaudited)

SWAP CONTRACTS

EQUITY SWAP CONTRACTS

Premium

Unrealized

Pay/Receive

Termination

Notional

Paid

Appreciation

Counterparty

Reference Entity

Fund Pays

Fund Receives

Frequency

Date

Amount

(Received)

(Depreciation)

BNP Paribas

BNP Paribas Index Swap¹

0.50%

Index Return

Monthly

7/2/26

85,203,270

1,305

(111,940

)

BNP Paribas

BNP Paribas Equity Basket Swap²

1-Month Federal Funds + 0.85%

Basket Return

Monthly

7/2/26

23,804,053

1,001

(2,491,848

)

TOTAL EQUITY SWAP CONTRACTS

(2,603,788

)

The BNP Paribas Index Swap is made up of the NASDAQ 100 Total Return Index and the S&P 500 Total Return Index and exposure to each index was 4.00% and (4.00)%, respectively.

BNP Paribas Equity Basket Swap Top 50 Holdings^

Number of					Percentage of Equity
Shares		Description	Value		Swap's Notional Amount
	3,524	Palo Alto Networks, Inc.	$	1,201,754		5.05	%
	2,325	Mastercard, Inc. - Class A		1,194,120		5.02	%
	3,020	Alphabet, Inc. - Class A		1,079,257		4.53	%
	3,722	International Business Machines Corp.		1,046,664		4.40	%
	1,816	Meta Platforms, Inc. - Class A		1,022,935		4.30	%
	13,352	Netflix, Inc.		953,333		4.00	%
	2,551	Microsoft Corp.		951,574		4.00	%
	7,337	Palantir Technologies, Inc. - Class A		856,008		3.60	%
	1,018	Crowdstrike Holdings, Inc. - Class A		776,877		3.26	%
	5,087	Oracle Corp.		745,500		3.13	%
	3,706	Salesforce, Inc.		580,582		2.44	%
	1,102	AppLovin Corp. - Class A		567,783		2.39	%
	7,696	Uber Technologies, Inc.		555,343		2.33	%
	925	Berkshire Hathaway, Inc. - Class B		462,861		1.94	%
	4,199	ServiceNow, Inc.		416,877		1.75	%
	1,108	Cadence Design Systems, Inc.		415,855		1.75	%
	1,486	Snowflake, Inc.		378,187		1.59	%
	2,341	Fortinet, Inc.		359,624		1.51	%
	1,766	NVIDIA Corp.		353,359		1.48	%
	206	MercadoLibre, Inc.		349,662		1.47	%
	749	Spotify Technology S.A.		343,888		1.44	%
	769	Synopsys, Inc.		343,028		1.44	%
	1,585	Adobe, Inc.		324,957		1.37	%
	3,097	Robinhood Markets, Inc. - Class A		310,567		1.30	%
	1,179	Datadog, Inc. - Class A		306,964		1.29	%
	1,054	Apple, Inc.		304,985		1.28	%
	2,436	Accenture PLC - Class A		303,136		1.27	%
	1,588	DoorDash, Inc. - Class A		293,034		1.23	%
	1,097	Intuit, Inc.		286,317		1.20	%
	811	Visa, Inc. - Class A		278,246		1.17	%
	1,821	Airbnb, Inc. - Class A		260,585		1.09	%
	1,020	Cloudflare, Inc. - Class A		250,186		1.05	%
	224	Caterpillar, Inc.		238,538		1.00	%
	537	UnitedHealth Group, Inc.		223,193		0.94	%
	593	JPMorgan Chase & Co.		194,107		0.82	%
	1,735	eBay, Inc.		193,886		0.81	%
	504	General Electric Co.		188,360		0.79	%
	863	Electronic Arts, Inc.		176,950		0.74	%
	837	Autodesk, Inc.		162,730		0.68	%
	1,623	CoreWeave, Inc. - Class A		161,553		0.68	%
	612	Take-Two Interactive Software, Inc.		152,988		0.64	%
	2,625	ROBLOX Corp. - Class A		142,748		0.60	%
	399	Roper Technologies, Inc.		135,018		0.57	%
	340	Broadcom, Inc.		128,435		0.54	%
	874	Coinbase Global, Inc. - Class A		127,770		0.54	%
	235	Thermo Fisher Scientific, Inc.		117,820		0.49	%
	1,324	Strategy, Inc.		115,095		0.48	%
	603	RTX Corp.		114,407		0.48	%
	996	Walmart, Inc.		112,807		0.47	%
	3,776	Copart, Inc.		106,445		0.45	%

These investments are not direct holdings of the Fund. The holdings were determined based on the absolute notional values of the positions within the underlying swap basket.