Optimize Strategy Index ETF
Schedule of Investments
June 30, 2026 (Unaudited)
COMMON STOCKS - 99.2%									Shares						Value
Banking, Investing & Insurance - 9.5%
AerCap Holdings NV									3,488						$        508,481
Allstate Corp.									2,236						532,034
Ally Financial, Inc.									12,470						572,996
American Express Co.									1,577						533,420
American Financial Group, Inc./OH									3,631						508,122
Ameriprise Financial, Inc. (a)									1,021						468,394
Aon PLC - Class A									1,394						462,376
Assurant, Inc.									2,130						571,969
Bank of New York Mellon Corp.									4,120						595,793
Blackstone, Inc.									4,300						505,981
Bread Financial Holdings, Inc. (a)									6,574						712,293
Broadridge Financial Solutions, Inc.									2,411						330,186
Capital One Financial Corp.									2,529						507,368
Cincinnati Financial Corp.									2,870						531,352
Corpay, Inc. (b)									1,510						503,238
Customers Bancorp, Inc. (b)									7,039						556,785
Dave, Inc. (b)									2,184						813,737
Everest Group Ltd.									1,421						507,624
Fidelity National Information Services, Inc.									9,220						358,474
First American Financial Corp.									7,023						481,708
Gold.com, Inc.									9,056						376,820
Goldman Sachs Group, Inc.									578						584,572
Hartford Insurance Group, Inc.									3,409						451,761
Heritage Insurance Holdings, Inc. (b)									17,661						460,599
Houlihan Lokey, Inc.									3,142						421,436
Jack Henry & Associates, Inc.									2,763						380,576
Kemper Corp.									14,938						402,728
M&T Bank Corp. (a)									2,256						536,951
MarketAxess Holdings, Inc.									2,559						290,421
Mastercard, Inc. - Class A									909						466,862
Moody's Corp.									1,006						455,637
Morgan Stanley									2,962						619,176
Pelagos Insurance Capital Ltd.									25,495						620,803
PennyMac Financial Services, Inc. (a)									5,507						479,660
PennyMac Mortgage Investment Trust (a)									39,926						450,365
PNC Financial Services Group, Inc.									2,303						567,045
Popular, Inc.									3,630						595,973
PROG Holdings, Inc.									14,273						665,264
Prudential Financial, Inc.									4,888						527,562
Reinsurance Group of America, Inc.									2,291						487,181
RenaissanceRe Holdings Ltd.									1,589						503,554
RLJ Lodging Trust (a)									60,551						717,529
S&P Global, Inc.									1,049						427,216
Selective Insurance Group, Inc.									5,928						575,075
SouthState Bank Corp. (a)									5,018						501,298
Texas Capital Bancshares, Inc.									5,166						533,441
Tradeweb Markets, Inc. - Class A									3,810						379,705
Travelers Cos., Inc.									1,550						511,686
Trupanion, Inc. (b)									17,300						428,521
Visa, Inc. - Class A									1,496						513,263
Voya Financial, Inc.									7,011						634,706
WEX, Inc. (b)									2,841						400,837
Wintrust Financial Corp. (a)									3,438						552,555

---

															27,083,109
Bits & Bytes - 53.0% (c)
Advanced Micro Devices, Inc. (b)									14,513						8,430,747
Amphenol Corp. - Class A									21,177						3,733,929
Analog Devices, Inc.									8,843						3,512,174
Apple, Inc.									10,847						3,138,688
Applied Materials, Inc.									8,600						6,217,800
Arrow Electronics, Inc. (b)									20,184						4,307,467
Canadian Solar, Inc. (a)(b)									174,540						2,796,131
Clarivate PLC (a)(b)									1,019,212						2,201,498
Coherent Corp. (b)									11,847						4,673,286
Fabrinet (b)									5,706						3,207,228
First Solar, Inc. (b)									14,759						3,482,534
International Business Machines Corp.									10,789						3,033,975
Keysight Technologies, Inc. (b)									10,251						3,588,568
KLA Corp.									20,768						6,265,913
Lam Research Corp.									14,010						6,070,953
Lumentum Holdings, Inc. (b)									4,790						4,110,107
MACOM Technology Solutions Holdings, Inc. (b)									13,458						5,119,019
Micron Technology, Inc.									7,542						8,705,655
Microsoft Corp.									6,829						2,547,354
Motorola Solutions, Inc.									6,061						2,517,073
NCR Voyix Corp. (a)(b)									355,750						2,906,478
NVIDIA Corp.									15,705						3,142,413
Penguin Solutions, Inc. (a)(b)									152,938						11,624,817
PTC, Inc. (b)									17,163						1,949,888
Qorvo, Inc. (b)									35,969						3,354,829
Sandisk Corp. (b)									5,296						12,041,674
Seagate Technology Holdings PLC									7,916						7,638,940
TE Connectivity PLC									13,566						2,735,041
Teradyne, Inc.									10,228						4,948,716
TTM Technologies, Inc. (b)									31,767						5,941,064
Western Digital Corp.									11,387						7,273,105
															151,217,064
Building Blocks - 1.3%
Ball Corp.									3,117						194,501
Carpenter Technology Corp. (a)									484						298,550
Celanese Corp.									4,120						189,520
CF Industries Holdings, Inc.									1,755						189,996
Commercial Metals Co. (a)									3,117						195,592
Critical Metals Corp. (a)(b)									23,088						236,652
Dakota Gold Corp. (b)									33,307						141,888
Ecolab, Inc.									719						200,321
Martin Marietta Materials, Inc.									333						192,041
Nucor Corp.									1,204						268,191
PPG Industries, Inc.									1,904						230,936
Reliance, Inc.									670						250,312
Sherwin-Williams Co.									616						212,101
Sonoco Products Co. (a)									3,809						214,637
Steel Dynamics, Inc.									1,119						256,766
Tronox Holdings PLC									31,066						195,716
Warrior Met Coal, Inc.									2,626						213,126
															3,680,846
Communication & Media Services - 2.5%
AppLovin Corp. - Class A (b)									932						480,194
Liberty Latin America Ltd. - Class C (b)									64,715						504,130

---

Liberty Media Corp.-Liberty Formula One - Class C (b)									6,211						590,915
Netflix, Inc. (b)									4,839						345,505
Reddit, Inc. - Class A (b)									3,733						647,974
RingCentral, Inc. - Class A									12,382						482,650
Roku, Inc. (b)									5,174						714,736
Sinclair, Inc.									33,353						475,280
Sirius XM Holdings, Inc. (a)									23,385						690,793
Spotify Technology SA (b)									921						422,859
Take-Two Interactive Software, Inc. (b)									2,460						614,951
USA TODAY Co., Inc. (b)									81,810						699,476
Zoom Communications, Inc. - Class A (b)									6,714						579,485
															7,248,948
Consumer Elastic - 8.6%
Adient PLC (b)									30,010						551,584
Advance Auto Parts, Inc. (a)									12,688						789,447
Amazon.com, Inc. (b)									2,995						713,828
AutoNation, Inc. (b)									3,313						615,522
Boot Barn Holdings, Inc. (b)									3,585						588,908
BorgWarner, Inc.									12,328						818,579
Boyd Gaming Corp.									7,970						703,990
Brinker International, Inc. (b)									4,737						795,816
Burlington Stores, Inc. (b)									2,089						661,795
Carvana Co. (b)									10,050						661,491
Covista, Inc. (b)									6,258						780,122
Dauch Corp. (b)									114,651						621,408
Deckers Outdoor Corp. (b)									6,126						608,251
Domino's Pizza, Inc.									1,564						463,007
DoorDash, Inc. - Class A (b)									3,564						657,665
Duolingo, Inc. (a)(b)									6,266						720,715
Five Below, Inc. (b)									2,955						531,280
Freshpet, Inc. (b)									7,684						454,278
Garmin Ltd. (a)									2,623						623,067
Hasbro, Inc. (a)									6,758						558,143
Installed Building Products, Inc.									2,087						479,676
Kohl's Corp. (a)									42,236						748,422
Marriott International, Inc./MD - Class A									1,972						730,804
McDonald's Corp.									1,947						526,294
MGM Resorts International (b)									17,953						858,333
Newell Brands, Inc.									150,614						924,770
Planet Fitness, Inc. - Class A (b)									8,119						423,568
Ralph Lauren Corp.									1,887						757,461
RH (a)(b)									4,492						739,967
Tapestry, Inc.									4,430						648,463
Toll Brothers, Inc.									4,324						712,379
Upbound Group, Inc.									32,482						689,268
Vestis Corp. (b)									81,247						1,179,707
Whirlpool Corp. (a)									10,868						428,417
Wingstop, Inc. (a)									2,787						483,294
Winnebago Industries, Inc. (a)									17,597						549,730
Yum! Brands, Inc.									3,991						638,001
															24,437,450
Consumer Inelastic - 3.9%
Andersons, Inc. (a)									9,808						670,867
Casey's General Stores, Inc.									952						756,640
Costco Wholesale Corp.									634						593,088
CVS Health Corp.									8,123						840,324
Dole PLC									41,480						569,106

---

elf Beauty, Inc. (a)(b)									7,678						568,172
Grocery Outlet Holding Corp. (a)(b)									96,052						958,599
Ingredion, Inc.									5,512						522,042
J M Smucker Co.									5,692						640,350
Nomad Foods Ltd.									61,694						675,549
PepsiCo, Inc.									3,970						537,538
Performance Food Group Co. (b)									7,237						809,024
Philip Morris International, Inc.									3,724						673,709
SharkNinja, Inc. (a)(b)									5,697						867,482
Somnigroup International, Inc. (a)									7,912						620,301
US Foods Holding Corp. (b)									7,017						717,488
															11,020,279
Nuts & Bolts - 8.3%
AAR Corp. (b)									3,226						461,092
Advanced Energy Industries, Inc.									1,168						435,512
AGCO Corp.									2,826						338,272
Astronics Corp. (b)									4,607						374,365
Astronics Corp. - Class B (b)									922						70,042
Automatic Data Processing, Inc.									1,547						346,451
Avis Budget Group, Inc. (a)(b)									3,590						530,710
Blackbaud, Inc. (b)									7,269						215,308
Boeing Co. (b)									1,515						327,952
BrightView Holdings, Inc. (b)									27,520						389,958
Comfort Systems USA, Inc.									264						523,235
Construction Partners, Inc. - Class A (a)(b)									2,964						352,034
Crane Co.									1,832						408,664
Cummins, Inc.									649						462,873
Dycom Industries, Inc. (b)									980						495,478
Eaton Corp. PLC									1,007						429,103
EMCOR Group, Inc.									496						411,620
Eve Holding, Inc. (b)									119,882						300,904
Everforth, Inc. (b)									8,162						145,855
FedEx Corp.									966						302,483
Fedex Freight Holding Co., Inc. (b)									483						72,933
Ferguson Enterprises, Inc.									1,520						360,742
Frontier Group Holdings, Inc. (b)									96,701						764,905
FTAI Aviation Ltd. (a)									1,337						361,699
GE Vernova, Inc.									444						521,638
General Electric Co.									1,083						404,749
HEICO Corp.									1,153						410,687
Herc Holdings, Inc. (a)									2,914						417,693
Hertz Global Holdings, Inc. (a)(b)									84,965						192,446
Hexcel Corp.									3,952						395,437
Hubbell, Inc.									742						388,214
HubSpot, Inc. (b)									1,180						215,362
Huntington Ingalls Industries, Inc.									816						228,390
Insight Enterprises, Inc. (b)									4,119						501,694
Intuit, Inc.									728						190,008
Jacobs Solutions, Inc.									2,559						322,434
JB Hunt Transport Services, Inc.									1,640						474,665
Johnson Controls International PLC									2,644						386,315
Kirby Corp. (b)									2,743						372,966
LCI Industries									2,699						285,770
Leidos Holdings, Inc.									1,968						202,645
Lockheed Martin Corp.									521						265,429
ManpowerGroup, Inc.									12,029						406,219
MasTec, Inc. (b)									1,210						503,433
Millerknoll, Inc. (a)									17,760						363,370

---

NANO Nuclear Energy, Inc. (a)(b)									14,871						314,373
Nordson Corp.									1,283						387,068
Northrop Grumman Corp.									463						235,810
Nova Ltd. (a)(b)									851						462,042
Paylocity Holding Corp. (b)									2,915						304,705
Phinia, Inc.									5,208						428,983
Quanex Building Products Corp.									20,176						375,677
Quanta Services, Inc.									648						466,586
Regal Rexnord Corp. (a)									1,877						447,083
Rockwell Automation, Inc.									947						468,841
SPX Technologies, Inc. (a)(b)									1,711						419,486
Stagwell, Inc. (b)									66,805						496,361
TD SYNNEX Corp.									2,239						598,574
TriNet Group, Inc.									8,974						444,123
Tutor Perini Corp.									4,807						398,837
Vertiv Holdings Co. - Class A									1,390						465,400
Waste Management, Inc.									1,423						317,158
Woodward, Inc.									931						396,085
															23,758,946
Oil, Gas & Others - 1.1%
CNX Resources Corp. (a)(b)									4,355						147,765
DT Midstream, Inc. (a)									1,277						187,387
EQT Corp. (a)									2,917						155,097
Expand Energy Corp.									1,691						154,202
HF Sinclair Corp.									3,214						223,855
IDACORP, Inc. (a)									1,267						191,697
Marathon Petroleum Corp.									817						208,882
Nabors Industries Ltd. (b)									2,295						192,803
NextDecade Corp. (a)(b)									32,155						242,449
Ovintiv, Inc.									3,466						182,485
Par Pacific Holdings, Inc. (b)									3,698						207,384
Phillips 66									1,089						184,095
Primoris Services Corp.									1,357						134,506
Sable Offshore Corp. (b)									12,575						38,731
Targa Resources Corp.									762						204,323
Valaris Ltd. (a)(b)									2,065						149,919
Valero Energy Corp.									804						209,394
World Kinect Corp.									7,400						243,756
															3,258,730
Pharma & Healthcare - 9.3%
Alnylam Pharmaceuticals, Inc. (b)									1,377						414,518
Amgen, Inc.									1,195						432,733
Amylyx Pharmaceuticals, Inc. (a)(b)									31,890						572,744
ArriVent Biopharma, Inc. (a)(b)									18,851						654,884
Axsome Therapeutics, Inc. (b)									2,721						666,019
Becton Dickinson & Co. (a)									2,643						399,965
Bicara Therapeutics, Inc. (b)									23,913						709,977
Biohaven Ltd. (a)(b)									44,524						662,517
Cardinal Health, Inc.									2,028						481,772
Cigna Group									1,626						448,256
Compass Therapeutics, Inc. (b)									80,160						175,550
Corvus Pharmaceuticals, Inc. (a)(b)									27,963						417,767
Cullinan Therapeutics, Inc. (b)									28,061						510,991
Elevance Health, Inc.									1,525						589,763
Eli Lilly & Co.									446						534,946
Enliven Therapeutics, Inc. (a)(b)									15,003						761,402
Gilead Sciences, Inc.									3,069						387,738

---

Globus Medical, Inc. - Class A (b)									5,068						400,423
HCA Healthcare, Inc.									829						323,219
IDEXX Laboratories, Inc. (b)									726						382,196
Incyte Corp. (b)									4,604						521,909
Indivior Pharmaceuticals, Inc. (b)									13,687						561,578
Integer Holdings Corp. (b)									5,256						491,173
Intuitive Surgical, Inc. (b)									901						358,310
IQVIA Holdings, Inc. (b)									2,531						489,040
Kodiak Sciences, Inc. (b)									17,767						692,202
Krystal Biotech, Inc. (a)(b)									1,705						633,697
Labcorp Holdings, Inc.									1,638						458,640
Lantheus Holdings, Inc. (b)									6,087						675,292
Maximus, Inc.									5,662						304,389
MBX Biosciences, Inc. (a)(b)									14,458						798,082
McKesson Corp.									480						362,688
MoonLake Immunotherapeutics (b)									24,335						473,803
Neurocrine Biosciences, Inc. (b)									3,447						580,940
Olema Pharmaceuticals, Inc. (a)(b)									20,496						256,405
Omeros Corp. (a)(b)									38,274						363,986
ORIC Pharmaceuticals, Inc. (b)									32,216						348,899
Oruka Therapeutics, Inc. (a)(b)									13,396						1,274,897
Penumbra, Inc. (a)(b)									1,304						411,738
Rapport Therapeutics, Inc. (b)									14,606						608,632
Repligen Corp. (b)									3,681						502,236
ResMed, Inc. (a)									1,747						340,455
Sana Biotechnology, Inc. (b)									140,217						489,357
Savara, Inc. (b)									83,811						516,276
Solventum Corp. (a)(b)									6,363						490,906
STERIS PLC									1,916						403,452
Stryker Corp.									1,212						381,586
Tenet Healthcare Corp. (b)									1,864						348,717
Thermo Fisher Scientific, Inc.									880						441,197
TransMedics Group, Inc. (a)(b)									3,408						226,359
Trevi Therapeutics, Inc. (a)(b)									31,780						592,697
United Therapeutics Corp. (b)									924						500,651
Universal Health Services, Inc. - Class B									2,293						340,946
Vertex Pharmaceuticals, Inc. (b)									967						480,338
															26,648,853
Real Estate - 1.0%
AGNT, Inc.									18,020						97,488
ARMOUR Residential REIT, Inc. (a)									6,604						115,240
BXP, Inc. (a)									2,209						146,479
Camden Property Trust									1,098						125,710
Chimera Investment Corp.									8,612						114,884
Crown Castle, Inc. (a)									1,293						97,919
EastGroup Properties, Inc. (a)									622						125,974
EPR Properties									2,035						118,050
Equinix, Inc.									119						124,044
Federal Realty Investment Trust									1,055						130,229
Jones Lang LaSalle, Inc. (b)									391						121,190
Lamar Advertising Co. - Class A									860						134,143
Millrose Properties, Inc.									3,929						118,067
PACS Group, Inc. (a)(b)									3,412						145,488
Pebblebrook Hotel Trust									8,827						171,332
Phillips Edison & Co., Inc.									3,021						125,734
Regency Centers Corp.									1,487						118,573
SBA Communications Corp.									595						104,994
Sun Communities, Inc.									834						100,005

---

Uniti Group, Inc. (b)									14,226						163,172
WP Carey, Inc. (a)									1,611						115,187
Xenia Hotels & Resorts, Inc.									7,750						157,790
															2,771,692
Water & Power - 0.7%
Ameren Corp.									1,938						219,072
Atmos Energy Corp.									1,168						201,211
Cheniere Energy, Inc.									843						201,485
DTE Energy Co.									1,440						219,413
Edison International									3,012						224,243
Eversource Energy									2,904						209,872
National Fuel Gas Co. (a)									2,326						179,591
Pinnacle West Capital Corp.									2,110						225,770
Spire, Inc. (a)									2,343						182,965
Veralto Corp.									2,291						203,166
															2,066,788
TOTAL COMMON STOCKS (Cost $194,075,957)															283,192,705
PREFERRED STOCKS - 0.0% (d)									Shares						Value
Communication & Media Services - 0.0% (d)
Liberty Latin America Ltd., Series A, 9.00%, Perpetual (b)									6,472						140,378
TOTAL PREFERRED STOCKS (Cost $163,152)															140,378
RIGHTS - 0.0% (d)									Shares						Value
Cash & Other - 0.0% (d)
Sycamore Partners LLC, Expires 08/28/2026, Exercise Price $3.00 (b)(e)									43,819						23,224
Pharma & Healthcare - 0.0% (d)
Roche Holding AG, Expires 10/28/2026, Exercise Price $1.00 (b)(e)									47,871						16,276
TOTAL RIGHTS (Cost $0)															39,500
SHORT-TERM INVESTMENTS
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 14.6%									Units						Value
Mount Vernon Liquid Assets Portfolio, LLC, 3.75% (f)									41,589,556						41,589,556
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $41,589,556)															41,589,556
MONEY MARKET FUNDS - 0.7%									Shares						Value
First American Government Obligations Fund - Class X, 3.57% (f)									1,999,342						1,999,342
TOTAL MONEY MARKET FUNDS (Cost $1,999,342)															1,999,342
TOTAL INVESTMENTS - 114.5% (Cost $237,828,007)															326,961,481
Liabilities in Excess of Other Assets - (14.5)%												(0.14549)			(41,527,172)
TOTAL NET ASSETS - 100.0%															$        285,434,309
Percentages are stated as a percent of net assets.

REIT - Real Estate Investment Trust

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(a)						All or a portion of this security is on loan as of June 30, 2026. The fair value of these securities was $42,152,809.
(b)						Non-income producing security.
(c)						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.
(d)						Represents less than 0.05% of net assets.
(e)						Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $39,500 or 0.0% of net assets as of June 30, 2026.
(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)

 

Optimize Strategy Index 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:

Common Stocks

$        283,192,705

$        –

$        –

$        283,192,705

Preferred Stocks

140,378

–

–

140,378

Rights

–

–

39,500(b)

39,500

Investments Purchased with Proceeds from Securities Lending (a)

–

–

–

41,589,556

Money Market Funds

1,999,342

–

–

1,999,342

Total Investments

$        285,332,425

$        –

$        39,500

$        326,961,481

						Refer to the Schedule of Investments for further disaggregation of investment categories.
(a)						Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount presented in the table is intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.

(b)						The Advisor values the contingent right position using an imputed value based on final market price of the original stock holding less the cash received for the company’s acquisition.

Fair Value Measurement Using Significant Unobservable Inputs						Level 3
Beginning balance as of March 31, 2026						$        39,500
Ending balance as of June 30, 2026						$        39,500
						$0
Change in unrealized appreciation/depreciation still held as of June 30, 2026						$        -
						0

Description

Fair Value as of June 30, 2026

Valuation Technique

Rights

$        39,500

Acquisition Value

$        39,500