Hexis Active Nicotine Engagement ETF
Schedule of Investments
June 30, 2026 (Unaudited)
COMMON STOCKS - 59.4%									Shares						Value
Specialty Retail - 2.1%
Haypp Group AB (a)(c)									2,256						$        32,108
Tobacco - 57.3% (b)
Altria Group, Inc.									954						68,640
British American Tobacco PLC									3,882						240,832
Imperial Brands PLC(c)									5,286						195,554
Japan Tobacco, Inc. – ADR(a)									3,771						69,311
KT&G Corp.(c)									246						26,945
Philip Morris International, Inc.									1,344						243,143
RLX Technology, Inc. - ADR									6,972						13,247
Scandinavian Tobacco Group AS (c)									1,386						14,090
Smoore International Holdings Ltd. (c)									6,000						5,371
Turning Point Brands, Inc.									90						7,633
															884,766
TOTAL COMMON STOCKS (Cost $913,505)															916,874
EXCHANGE TRADED FUNDS - 1.9%									Shares						Value
State Street SPDR Portfolio Developed World ex-US ETF									306						15,419
State Street SPDR S&P 500 ETF Trust									18						13,442
TOTAL EXCHANGE TRADED FUNDS (Cost $28,234)															28,861
SHORT-TERM INVESTMENTS – 37.7%									Shares						Value
Money Market Funds - 37.7%
First American Treasury Obligations Fund - Class X, 3.58% (d)(e)									582,790						582,790
TOTAL SHORT-TERM INVESTMENTS (Cost $582,790)															582,790
TOTAL INVESTMENTS - 99.0% (Cost $1,524,529)															1,528,525
Other Assets in Excess of Liabilities - 1.0%												0.01016			15,688
TOTAL NET ASSETS - 100.0%															$        1,544,213
Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt
PLC – Public Liability Company

(a)						Non-income producing security.
(b)						To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect that industry or sector.
(c)						Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of June 30, 2026, the value of these securities total $274,068 or 17.7% of the Fund’s net assets.
(d)						The rate shown represents the 7-day annualized yield as of June 30, 2026.
(e)						Fair value of this security exceeds 25% of the Fund’s net assets.  Additional information for this security, including the financial statements, is available from the SEC’s EDGAR database at www.sec.gov.

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Hexis Active Nicotine Engagement ETF

Schedule of Total Return Swap Contracts

June 30, 2026 (Unaudited)

Reference Entity

Counterparty

Pay/ Receive Reference Entity

Financing Rate

Payment Frequency

Maturity Date

Notional Amount

Value/ Unrealized Appreciation (Depreciation)

Altria Group, Inc.

Cantor Fitzgerald & Co.

Receive

OBFR + 1.00%

Termination

06/07/2027

$        53,963

$        402

British American Tobacco PLC

Cantor Fitzgerald & Co.

Receive

OBFR + 1.00%

Termination

06/07/2027

154,153

2,401

Imperial Brands PLC

Cantor Fitzgerald & Co.

Receive

OBFR + 1.00%

Termination

06/07/2027

117,054

(2,168)

Philip Morris International, Inc.

Cantor Fitzgerald & Co.

Receive

OBFR + 1.00%

Termination

06/07/2027

218,177

8,025

Net Unrealized Appreciation (Depreciation)

0

0

8,660

There are no upfront payments or receipts associated with total return swaps in the Fund as of June 30, 2026.

OBFR - Overnight Bank Funding Rate was 3.63% as of June 30, 2026.

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

 

Hexis Active Nicotine Engagement 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

Assets:

Investments:

Common Stocks

$        916,874

$        –

$        –

$        916,874

Exchange Traded Funds

28,861

–

–

28,861

Money Market Funds

582,790

–

–

582,790

Total Investments

$        1,528,525

$        –

$        –

$        1,528,525

Other Financial Instruments:

Total Return Swaps *

$        –

$        10,828

$        –

$        10,828

Total Other Financial Instruments

$        –

$        10,828

$        –

$        10,828

Liabilities:

Other Financial Instruments:

Total Return Swaps *

$        –

$        (2,168)

$        –

$        (2,168)

Total Other Financial Instruments

$        –

$        (2,168)

$        –

$        (2,168)

* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2026.

						As of the period ended June 30, 2026, the Fund did not hold any Level 3 securities, nor were there any transfers into or out of Level 3. Refer to the Fund’s Schedule of Investments and Schedule of Total Return Swap Contracts for further information on the classification of investments.