AXS Dynamic Opportunity Fund

SCHEDULE OF INVESTMENTS

As of June 30, 2026 (Unaudited)

Number of Shares			Value
		COMMON STOCKS — 73.5%
		ADVERTISING — 0.1%
	5,000	Trade Desk, Inc. - Class A*	$	90,400

		AEROSPACE/DEFENSE — 2.4%
	5,500	FTAI Aviation Ltd.		1,487,915

		AUTO MANUFACTURERS — 4.5%
	6,718	Tesla, Inc.*		2,825,591

		COMMERCIAL SERVICES — 0.6%
	350	United Rentals, Inc.		396,512

		COMPUTERS — 6.9%
	8,173	Apple, Inc.		2,364,939
	1,272	Crowdstrike Holdings, Inc. - Class A*		970,714
	600	Leidos Holdings, Inc.		61,782
	1,000	Parsons Corp.*		52,390
	969	Seagate Technology Holdings PLC		935,085
				4,384,910
		DIVERSIFIED FINANCIAL SERVICES — 0.8%
	2,300	Apollo Global Management, Inc.		272,113
	700	Visa, Inc. - Class A		240,163
				512,276
		ENGINEERING & CONSTRUCTION — 3.4%
	600	Comfort Systems USA, Inc.		1,189,170
	6,000	Granite Construction, Inc.		948,480
				2,137,650
		INSURANCE — 0.8%
	12,000	Equitable Holdings, Inc.		526,560

		INTERNET — 11.1%
	5,000	Alphabet, Inc. - Class A		1,786,850
	8,500	Amazon.com, Inc.*		2,025,890
	1,513	AppLovin Corp. - Class A*		779,543
	2,800	Meta Platforms, Inc. - Class A		1,577,212
	2,000	Netflix, Inc.*		142,800
	1,500	Spotify Technology S.A.*		688,695
				7,000,990
		MACHINERY-CONSTRUCTION & MINING — 6.6%
	12,500	Vertiv Holdings Co. - Class A		4,185,250

AXS Dynamic Opportunity Fund

SCHEDULE OF INVESTMENTS - Continued

As of June 30, 2026 (Unaudited)

Number of Shares			Value
		COMMON STOCKS (Continued)
		METAL FABRICATE/HARDWARE — 0.8%
	3,300	Advanced Drainage Systems, Inc.	$	517,968

		OIL & GAS SERVICES — 0.2%
	1,500	Tidewater, Inc.*		99,945

		PHARMACEUTICALS — 0.5%
	6,000	Novo Nordisk A/S - ADR		287,640

		SEMICONDUCTORS — 28.9%
	7,816	Advanced Micro Devices, Inc.*		4,540,392
	5,812	Broadcom, Inc.		2,195,483
	4,844	KLA Corp.		1,461,483
	9,326	Lam Research Corp.		4,041,236
	20,000	NVIDIA Corp.		4,001,800
	4,300	Taiwan Semiconductor Manufacturing Co., Ltd. - ADR		2,053,551
				18,293,945
		SOFTWARE — 4.8%
	1,700	Microsoft Corp.		634,134
	19,432	Palantir Technologies, Inc. - Class A*		2,267,131
	1,500	ServiceNow, Inc.*		148,920
				3,050,185
		TELECOMMUNICATIONS — 1.1%
	4,000	Arista Networks, Inc.*		679,520
		TOTAL COMMON STOCKS
		(Cost $25,438,864)		46,477,257
		EXCHANGE-TRADED FUNDS — 6.1%
	31,500	ProShares Short S&P500		1,040,130
	42,689	ProShares UltraPro Short QQQ		1,550,038
	22,120	ProShares UltraShort S&P500		1,257,964
		TOTAL EXCHANGE-TRADED FUNDS
		(Cost $7,860,370)		3,848,132
		MUTUAL FUNDS — 18.4%
		EQUITY FUND — 18.4%
	907,080	AXS Adaptive Plus Fund - Class I¹		11,674,114
		TOTAL MUTUAL FUNDS
		(Cost $10,585,934)		11,674,114

		SHORT-TERM INVESTMENTS — 1.2%
	337,442	Goldman Sachs Financial Square Government Fund, 3.22%²		337,442

AXS Dynamic Opportunity Fund

SCHEDULE OF INVESTMENTS - Continued

As of June 30, 2026 (Unaudited)

Number of Shares			Value
		SHORT-TERM INVESTMENTS (Continued)
	402,307	JPMorgan U.S. Government Money Market Fund, 3.23%²	$	402,307
		TOTAL SHORT-TERM INVESTMENTS
		(Cost $739,749)		739,749

		TOTAL INVESTMENTS — 99.2%
		(Cost $44,624,917)		62,739,252
		Other Assets in Excess of Liabilities — 0.8%		480,450
		TOTAL NET ASSETS — 100.0%	$	63,219,702

PLC – Public Limited Company

ADR – American Depository Receipt

Non-income producing security.

Affiliated company.

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

AXS Dynamic Opportunity Fund

	Value Beginning of Period		Additions		Reductions		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value End of Period		Dividend Income
Mutual Funds - 18.5%
AXS Adaptive Plus Fund - Class I	$	9,928,669	$	197,400	$	-	$	-	$	1,548,045	$	11,674,114	$	197,400
Total	$	9,928,669	$	197,400	$	-	$	-	$	1,548,045	$	11,674,114	$	197,400

	Shares Beginning of Period		Additions		Reductions		Shares End of Period
Mutual Funds
AXS Adaptive Plus Fund - Class I		888,870		18,210		-		907,080
Total		888,870		18,210		-		907,080