AXS Tactical Income Fund
SCHEDULE OF INVESTMENTS
As of June 30, 2026 (Unaudited)

Number
of Shares
  Value
  EXCHANGE-TRADED FUNDS — 98.4%  
33,203 Alerian MLP ETF $1,721,576
40,465 iShares 0-5 Year High Yield Corporate Bond ETF 1,716,121
63,035 iShares Fallen Angels USD Bond ETF 1,717,073
19,865 iShares Interest Rate Hedged High Yield Bond ETF 1,720,508
33,878 Janus Henderson AAA CLO ETF 1,710,500
36,130 Janus Henderson B-BBB CLO ETF 1,710,756
42,720 State Street Blackstone Senior Loan ETF 1,721,189
16,025 State Street SPDR Bloomberg Convertible Securities ETF 1,727,815
17,810 State Street SPDR Bloomberg High Yield Bond ETF 1,716,350
25,443 Vanguard Emerging Markets Government Bond ETF 1,710,787
20,696 Vanguard Intermediate-Term Corporate Bond ETF 1,710,524
29,017 Vanguard Intermediate-Term Treasury ETF 1,711,423
22,609 Vanguard Long-Term Corporate Bond ETF 1,701,327
36,522 Vanguard Mortgage-Backed Securities ETF 1,709,595
21,695 Vanguard Short-Term Corporate Bond ETF 1,714,556
34,140 Vanguard Short-Term Inflation-Protected Securities ETF 1,714,852
29,475 Vanguard Short-Term Treasury ETF 1,715,445
76,066 WisdomTree Trust Interest Rate Hedged U.S. Aggregate Bond Fund 1,719,852
  TOTAL EXCHANGE-TRADED FUNDS  
  (Cost $30,421,709) 30,870,249
  SHORT-TERM INVESTMENTS — 2.1%  
642,396 JPMorgan U.S. Government Money Market Fund, 3.23%1 642,396
  TOTAL SHORT-TERM INVESTMENTS  
  (Cost $642,396) 642,396
  TOTAL INVESTMENTS — 100.5%  
  (Cost $31,064,105) 31,512,645
  Liabilities in Excess of Other Assets — (0.5)% (151,744)
  TOTAL NET ASSETS — 100.0% $31,360,901
    
ETF – Exchange-Traded Fund
    
1The rate is the annualized seven-day yield at period end.