Build Bond Innovation ETF
Schedule of Investments
June 30, 2026 (Unaudited)
U.S. TREASURY SECURITIES - 65.6%									Par						Value
United States Treasury Note/Bond
4.25%, 11/30/2026(a)									$        270,000						$        270,380
4.25%, 12/31/2026(a)									150,000						150,211
4.13%, 01/31/2027									350,000						350,239
4.13%, 02/28/2027									520,000						520,379
3.88%, 03/31/2027(a)									320,000						319,692
3.75%, 04/30/2027(a)									220,000						219,452
3.88%, 05/31/2027									650,000						648,814
3.75%, 06/30/2027									590,000						588,047
3.88%, 07/31/2027									440,000						438,840
3.63%, 08/31/2027									30,000						29,831
3.50%, 09/30/2027									530,000						525,963
3.50%, 10/31/2027									460,000						456,173
3.38%, 11/30/2027									490,000						484,870
3.38%, 02/29/2028									400,000						395,125
3.88%, 03/15/2028									40,000						39,822
3.88%, 03/31/2028									650,000						647,029
3.75%, 04/15/2028									500,000						496,582
3.50%, 01/15/2029									170,000						167,344
3.50%, 02/15/2029									640,000						629,675
4.13%, 06/15/2029									300,000						299,848
4.00%, 03/31/2030									130,000						129,261
TOTAL U.S. TREASURY SECURITIES (Cost $7,842,929)															7,807,577
CORPORATE BONDS - 32.6%									Par						Value
Aerospace Product and Parts Manufacturing - 0.5%
Lockheed Martin Corp., 4.45%, 05/15/2028									61,000						61,111
Architectural and Structural Metals Manufacturing - 1.2%
Nucor Corp.
4.30%, 05/23/2027									67,000						67,029
2.70%, 06/01/2030									80,000						74,634
															141,663
Automotive Parts, Accessories, and Tire Retailers - 0.4%
AutoZone, Inc., 6.25%, 11/01/2028									44,000						45,581
Beverage Manufacturing - 0.2%
PepsiCo, Inc., 3.60%, 02/18/2028									27,000						26,720
Building Material and Supplies Dealers - 1.3%
Lowe's Cos., Inc.
3.35%, 04/01/2027									40,000						39,740
3.10%, 05/03/2027									115,000						113,912
															153,652
Clothing and Clothing Accessories Retailers - 0.0% (b)
Ross Stores, Inc., 4.70%, 04/15/2027									6,000						6,016
Commercial and Service Industry Machinery Manufacturing - 0.1%
KLA Corp., 4.10%, 03/15/2029									15,000						14,869

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Communications Equipment Manufacturing - 0.2%
QUALCOMM, Inc., 3.25%, 05/20/2027									22,000						21,813
Computer Systems Design and Related Services - 1.4%
Oracle Corp.
2.65%, 07/15/2026									133,000						132,907
2.80%, 04/01/2027									33,000						32,570
4.45%, 09/26/2030									1,000						966
															166,443
Converted Paper Product Manufacturing - 0.3%
Kimberly-Clark Corp., 3.95%, 11/01/2028									32,000						31,719
Depository Credit Intermediation - 0.5%
Bank of New York Mellon Corp., 3.85%, 04/26/2029									22,000						21,723
US Bancorp, 3.15%, 04/27/2027									37,000						36,690
															58,413
Electric Power Generation, Transmission and Distribution - 0.7%
Berkshire Hathaway Energy Co., 3.25%, 04/15/2028									81,000						79,370
MidAmerican Energy Co., 3.10%, 05/01/2027									7,000						6,937
															86,307
Electrical Equipment Manufacturing - 0.2%
Eaton Corp., 4.35%, 05/18/2028									28,000						28,008
Freight Transportation Arrangement - 0.1%
JB Hunt Transport Services, Inc., 4.90%, 03/15/2030									15,000						15,087
Gasoline Stations - 0.3%
Valero Energy Partners LP, 4.50%, 03/15/2028									32,000						31,981
Grocery and Convenience Retailers - 0.1%
Kroger Co., 2.65%, 10/15/2026									8,000						7,966
Insurance Carriers - 0.7%
Radian Group, Inc., 6.20%, 05/15/2029									86,000						88,844
Lessors of Real Estate - 2.3%
AvalonBay Communities, Inc., 3.20%, 01/15/2028									3,000						2,945
Camden Property Trust
4.10%, 10/15/2028									36,000						35,745
3.15%, 07/01/2029									11,000						10,567
2.80%, 05/15/2030									7,000						6,551
Essex Portfolio LP, 3.63%, 05/01/2027									119,000						118,261
Mid-America Apartments LP
3.60%, 06/01/2027									29,000						28,819
4.20%, 06/15/2028									5,000						4,978
Simon Property Group LP, 3.38%, 06/15/2027									5,000						4,957
Ventas Realty LP
3.85%, 04/01/2027									21,000						20,921
4.00%, 03/01/2028									46,000						45,554
															279,298
Management of Companies and Enterprises - 0.5%
Schlumberger Investment SA, 4.50%, 05/15/2028									62,000						62,038

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Metal Ore Mining - 0.5%
Newmont Corp., 2.80%, 10/01/2029									60,000						56,823
Natural Gas Distribution - 0.2%
Kinder Morgan, Inc., 4.30%, 03/01/2028									20,000						19,930
Navigational, Measuring, Electromedical, and Control Instruments Manufacturing - 0.1%
L3Harris Technologies, Inc., 5.40%, 01/15/2027									14,000						14,072
Nondepository Credit Intermediation - 1.6%
American Honda Finance Corp.
4.90%, 03/12/2027									30,000						30,100
4.45%, 10/22/2027									40,000						39,962
Caterpillar Financial Services Corp., 3.60%, 08/12/2027									1,000						994
General Motors Financial Co., Inc., 4.35%, 01/17/2027									19,000						18,984
John Deere Capital Corp., 4.95%, 07/14/2028									20,000						20,256
Toyota Motor Credit Corp., 4.35%, 10/08/2027									76,000						76,086
															186,382
Oil and Gas Extraction - 1.7%
Diamondback Energy, Inc.
3.25%, 12/01/2026									15,000						14,947
5.20%, 04/18/2027									76,000						76,451
Enterprise Products Operating LLC, 4.15%, 10/16/2028									64,000						63,557
Occidental Petroleum Corp., 7.20%, 03/15/2029									41,000						43,093
															198,048
Other Financial Investment Activities - 0.6%
Blackrock, Inc., 3.25%, 04/30/2029									52,000						50,525
Blackstone Secured Lending Fund, 5.88%, 11/15/2027									25,000						25,190
															75,715
Other General Purpose Machinery Manufacturing - 0.1%
Xylem, Inc., 3.25%, 11/01/2026									15,000						14,951
Other Miscellaneous Retailers - 0.4%
eBay, Inc., 5.95%, 11/22/2027									45,000						45,817
Petroleum and Coal Products Manufacturing - 1.0%
Phillips 66, 3.90%, 03/15/2028									46,000						45,504
Phillips 66 Co., 4.95%, 12/01/2027									79,000						79,533
															125,037
Petroleum and Petroleum Products Merchant Wholesalers - 1.4%
Energy Transfer LP
4.20%, 04/15/2027									67,000						66,876
5.50%, 06/01/2027									16,000						16,108
4.00%, 10/01/2027									85,000						84,498
5.55%, 02/15/2028									1,000						1,014
															168,496
Pipeline Transportation of Natural Gas - 0.6%
El Paso Natural Gas Co. LLC, 7.50%, 11/15/2026									71,000						71,638
Rail Transportation - 1.5%

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Burlington Northern Santa Fe LLC, 3.25%, 06/15/2027									32,000						31,720
CSX Corp., 3.25%, 06/01/2027									151,000						149,512
															181,232
Restaurants and Other Eating Places - 0.3%
McDonald's Corp.
3.50%, 07/01/2027									14,000						13,891
3.80%, 04/01/2028									20,000						19,808
															33,699
Securities and Commodity Contracts Intermediation and Brokerage - 0.2%
Goldman Sachs Group, Inc., 3.85%, 01/26/2027									20,000						19,955
Securities and Commodity Exchanges - 1.0%
Intercontinental Exchange, Inc., 4.00%, 09/15/2027									121,000						120,435
Semiconductor and Other Electronic Component Manufacturing - 2.3%
Amphenol Corp., 5.05%, 04/05/2027									82,000						82,457
Analog Devices, Inc., 3.45%, 06/15/2027									102,000						101,288
Intel Corp., 3.75%, 03/25/2027									64,000						63,698
Micron Technology, Inc., 5.88%, 09/15/2033									2,000						2,090
Texas Instruments, Inc., 4.60%, 02/15/2028									20,000						20,098
															269,631
Ship and Boat Building - 1.1%
Huntington Ingalls Industries, Inc., 4.20%, 05/01/2030									130,000						127,340
Soap, Cleaning Compound, and Toilet Preparation Manufacturing - 1.0%
Clorox Co.
3.90%, 05/15/2028									21,000						20,769
4.40%, 05/01/2029									98,000						97,352
Estee Lauder Cos., Inc., 4.38%, 05/15/2028									2,000						1,996
															120,117
Software Publishers - 1.0%
Autodesk, Inc., 3.50%, 06/15/2027									122,000						120,797
Hewlett Packard Enterprise Co., 4.40%, 09/25/2027									4,000						3,994
															124,791
Sugar and Confectionery Product Manufacturing - 0.6%
Hershey Co., 2.45%, 11/15/2029									73,000						68,478
Tobacco Manufacturing - 0.6%
Philip Morris International, Inc.
5.25%, 09/07/2028									16,000						16,252
5.50%, 09/07/2030									52,000						53,683
															69,935
Traveler Accommodation - 0.4%
Marriott International, Inc., 5.45%, 09/15/2026									50,000						50,059
Warehouse Clubs, Supercenters, and Other General Merchandise Retailers - 0.6%
Walmart, Inc., 3.90%, 04/15/2028									67,000						66,721
Waste Treatment and Disposal - 0.9%
Waste Management, Inc.

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3.15%, 11/15/2027									35,000						34,494
4.50%, 03/15/2028									70,000						70,214
															104,708
Web Search Portals, Libraries, Archives, and Other Information Services - 0.6%
Meta Platforms, Inc., 4.95%, 05/15/2033									70,000						70,061
Wired and Wireless Telecommunications (except Satellite) - 1.3%
AT&T, Inc.
3.80%, 02/15/2027									15,000						14,947
4.25%, 03/01/2027									40,000						39,957
2.30%, 06/01/2027									102,000						100,051
															154,955
TOTAL CORPORATE BONDS (Cost $3,887,174)															3,886,555
PURCHASED OPTIONS - 0.7% (c)(d)(e)			Notional Amount						Contracts						Value
Call Options - 0.6%
iShares 20+ Year Treasury Bond ETF, Expiration: 10/16/2026; Exercise Price: $89.00			518,520						60						4,860
iShares 3-7 Year Treasury Bond ETF, Expiration: 10/16/2026; Exercise Price: $117.00			2,349,000						200						27,000
iShares 7-10 Year Treasury Bond ETF, Expiration: 10/16/2026; Exercise Price: $96.00			2,647,960						280						15,820
Novo Nordisk AS, Expiration: 10/16/2026; Exercise Price: $50.00			86,292						18						6,156
Platinum Group Metals Ltd., Expiration: 07/17/2026; Exercise Price: $5.00			13,500						100						250
Roundhill Memory ETF, Expiration: 08/21/2026; Exercise Price: $80.00			81,235						11						8,811
Smith & Wesson Brands, Inc., Expiration: 09/18/2026; Exercise Price: $16.00			82,720						55						5,775
State Street Health Care Select Sector SPDR ETF, Expiration: 01/15/2027; Exercise Price: $160.00			142,794						9						8,100
Total Call Options															76,772
Put Options - 0.1%
iShares iBoxx USD High Yield Corporate Bond ETF, Expiration: 09/18/2026; Exercise Price: $77.00 (c)(d)			2,798,950						350						10,500
TOTAL PURCHASED OPTIONS (Cost $111,071)															87,272
SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 0.3%									Shares						Value
First American Government Obligations Fund - Class X, 3.57% (f)									31,848						31,848
TOTAL MONEY MARKET FUNDS (Cost $31,848)															31,848
TOTAL INVESTMENTS - 99.2% (Cost $11,873,022)															11,813,252
Other Assets in Excess of Liabilities - 0.8%												0.00783			93,234
TOTAL NET ASSETS - 100.0%															$        11,906,486
Par amount is in USD unless otherwise indicated.
Percentages are stated as a percent of net assets.

(a) (b)						All or a portion of this security is held for collateral on purchased options. The fair value of assets committed as collateral as of June 30, 2026 is $879,754 Represents less than 0.05% of net assets.
(c)						Non-income producing security.
(d)						100 shares per contract.
(e)						Exchange-traded.
(f)						The rate shown represents the 7-day annualized yield as of June 30, 2026.

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Summary of Fair Value Disclosure as of June 30, 2026 (Unaudited)

 

Build Bond Innovation ETF has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund’s securities as of June 30, 2026:

			Level 1						Level 2						Level 3						Total
Investments:
U.S. Treasury Securities			$        –						$        7,807,577						$        –						$        7,807,577
Corporate Bonds			–						3,886,555						–						3,886,555
Purchased Options			44,202						43,070						–						87,272
Money Market Funds			31,848						–						–						31,848
Total Investments			$        76,050						$        11,737,202						$        –						$        11,813,252

						Refer to the Schedule of Investments for further disaggregation of investment categories. Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report.