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Annual shareholder report
Blueprint Chesapeake Multi-Asset Trend ETF
TFPN
NYSEArca
This <span id="xdx_901_eoef--ShareholderReportAnnualOrSemiAnnual_c20250701__20260630__oef--ClassAxis__custom--C000243260Member_zzAHnTioS447">annual shareholder report</span> contains important information about the Blueprint Chesapeake Multi-Asset Trend ETF (the "Fund") for the period July 1, 2025 to June 30, 2026.
annual shareholder report
You can find additional information about the Fund at <span id="xdx_907_eoef--AddlInfoWebsite_c20250701__20260630__oef--ClassAxis__custom--C000243260Member_zbzZv6af9dQ5">https://tfpnetf.com/</span>. You can also request this information by contacting us at <span id="xdx_900_eoef--AddlInfoPhoneNumber_c20250701__20260630__oef--ClassAxis__custom--C000243260Member_zLuXXA44Uhyg">(855) 843‑2534</span> or by writing to the Blueprint Chesapeake Multi-Asset Trend ETF, c/o U.S. Bank Global Fund Services, P.O. Box 701, Milwaukee, Wisconsin 53201‑0701.
https://tfpnetf.com/
(855) 843‑2534
<p id="xdx_80B_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000243260Member_zW5fmYdFHWS7" style="font: 700 11pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20.52px; align-content: center; line-height: 20.53px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0; font-weight: bold">What were the Fund costs for the past year?</p>
<p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(based on a hypothetical $10,000 investment)</span><br/><span style="box-sizing: border-box; font-family: Gotham Narrow-Light,Arial"><span style="box-sizing: border-box; font-size: 9pt"></span>
</span>
</p>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; padding-top: 0">
<div style="box-sizing: border-box; text-align-last: auto">
<table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal">
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Name</span>
</div>
</th>
<th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs of a $10,000 investment</span>
</div>
</th>
<th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs paid as a percentage of a $10,000 investment</span>
</div>
</th>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_980_eoef--FundName_c20250701__20260630__oef--ClassAxis__custom--C000243260Member_zw3Dyqvcz9Uf" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">Blueprint Chesapeake Multi-Asset Trend ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$<span id="xdx_907_eoef--ExpensesPaidAmt_c20250701__20260630__oef--ClassAxis__custom--C000243260Member_zeuQTaAb3I27">294</span></span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal"><span id="xdx_909_eoef--ExpenseRatioPct_dp_c20250701__20260630__oef--ClassAxis__custom--C000243260Member_fKg_____zKLxWfzx8Zda">2.48</span>%*</span>
</div>
</td>
</tr>
</table>
</div>
</div>
</div>
<table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td id="xdx_F07_zmTDSLtaStDb" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1F_zRSWIzQgok72" style="text-align: justify">Costs paid as a percentage of a $10,000 investment is an annualized figure.</td>
</tr></table>
Blueprint Chesapeake Multi-Asset Trend ETF
294
0.0248
<p id="xdx_80F_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000243260Member_ziA5U9UOHD18" style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 0 0 -6pt; text-align-last: auto; display: block; min-height: 33.59px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-indent: 0; text-align: center; font-weight: bold">Cumulative Performance</p>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; padding-top: 0">
<div style="box-sizing: border-box; text-align-last: auto">
<table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none">
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Date</div>
</td>
<td id="xdx_4BC_oef--ClassAxis_custom--C000243260Member_zLQMTzjJ88Zh" style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Blueprint Chesapeake Multi-Asset Trend ETF - at NAV - $12,836</div>
</td>
<td id="xdx_4B3_oef--BroadBasedIndexAxis_custom--SAndP500TotalReturnIndexMember_zuqDf1DPRiia" style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">S&P 500 Total Return Index - $17,583</div>
</td>
</tr>
<tr id="xdx_43C_c20230711__20230711_eoef--AccmVal_zh94EJQAzXmh" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">7/11/2023</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10000</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10000</div>
</td>
</tr>
<tr id="xdx_431_c20230711__20230731_eoef--AccmVal_zS3C8MGqTNM2" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">7/31/2023</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9976</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10343</div>
</td>
</tr>
<tr id="xdx_432_c20230711__20230831_eoef--AccmVal_zIN3VMEbdEud" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">8/31/2023</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9972</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10178</div>
</td>
</tr>
<tr id="xdx_433_c20230711__20230930_eoef--AccmVal_zxkHt2U3e1t2" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9/30/2023</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9981</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9693</div>
</td>
</tr>
<tr id="xdx_437_c20230711__20231031_eoef--AccmVal_zOvbF8c5yxwh" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10/31/2023</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9998</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9489</div>
</td>
</tr>
<tr id="xdx_431_c20230711__20231130_eoef--AccmVal_zykfXZZ8z2ol" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">11/30/2023</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9789</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10355</div>
</td>
</tr>
<tr id="xdx_432_c20230711__20231231_eoef--AccmVal_zmtQvpcYgmQ7" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12/31/2023</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9752</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10826</div>
</td>
</tr>
<tr id="xdx_43E_c20230711__20240131_eoef--AccmVal_zfmb1vYdgqZ9" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">1/31/2024</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9769</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">11008</div>
</td>
</tr>
<tr id="xdx_432_c20230711__20240229_eoef--AccmVal_ztW9TFoJbEgd" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">2/29/2024</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10105</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">11596</div>
</td>
</tr>
<tr id="xdx_43A_c20230711__20240331_eoef--AccmVal_zPXLqqqkiRNf" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">3/31/2024</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10423</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">11969</div>
</td>
</tr>
<tr id="xdx_43D_c20230711__20240430_eoef--AccmVal_zfLi3UNNe6Sd" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">4/30/2024</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10196</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">11480</div>
</td>
</tr>
<tr id="xdx_438_c20230711__20240531_eoef--AccmVal_zEqiyXkGTeai" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">5/31/2024</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10473</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12049</div>
</td>
</tr>
<tr id="xdx_43D_c20230711__20240630_eoef--AccmVal_z1GjXSibYB6h" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">6/30/2024</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10165</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12481</div>
</td>
</tr>
<tr id="xdx_438_c20230711__20240731_eoef--AccmVal_zU6u6kiXSYjc" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">7/31/2024</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10167</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12633</div>
</td>
</tr>
<tr id="xdx_437_c20230711__20240831_eoef--AccmVal_zolXWNWiymel" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">8/31/2024</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9811</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12940</div>
</td>
</tr>
<tr id="xdx_43A_c20230711__20240930_eoef--AccmVal_zctQAz7xjKRh" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9/30/2024</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9930</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">13216</div>
</td>
</tr>
<tr id="xdx_432_c20230711__20241031_eoef--AccmVal_zB9aS7CdrMs9" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10/31/2024</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9801</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">13096</div>
</td>
</tr>
<tr id="xdx_430_c20230711__20241130_eoef--AccmVal_zxmm0rkzHwo2" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">11/30/2024</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10469</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">13865</div>
</td>
</tr>
<tr id="xdx_439_c20230711__20241231_eoef--AccmVal_zhZ0inYijwy5" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12/31/2024</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10063</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">13534</div>
</td>
</tr>
<tr id="xdx_430_c20230711__20250131_eoef--AccmVal_zQJawJqRwrg5" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">1/31/2025</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10197</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">13911</div>
</td>
</tr>
<tr id="xdx_43E_c20230711__20250228_eoef--AccmVal_zRIbcgZNKgM1" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">2/28/2025</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9573</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">13730</div>
</td>
</tr>
<tr id="xdx_437_c20230711__20250331_eoef--AccmVal_zcU6AuZxv407" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">3/31/2025</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9184</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12956</div>
</td>
</tr>
<tr id="xdx_43E_c20230711__20250430_eoef--AccmVal_zwPoGQ0Gt2sc" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">4/30/2025</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">8981</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12868</div>
</td>
</tr>
<tr id="xdx_43D_c20230711__20250531_eoef--AccmVal_zenVydzdTSxk" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">5/31/2025</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9086</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">13678</div>
</td>
</tr>
<tr id="xdx_431_c20230711__20250630_eoef--AccmVal_zPGCnlfMYVG8" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">6/30/2025</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9374</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">14374</div>
</td>
</tr>
<tr id="xdx_43A_c20230711__20250731_eoef--AccmVal_z2wKIehcKhD9" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">7/31/2025</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9471</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">14697</div>
</td>
</tr>
<tr id="xdx_430_c20230711__20250831_eoef--AccmVal_zi8UdwQBBfT3" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">8/31/2025</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9635</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">14995</div>
</td>
</tr>
<tr id="xdx_430_c20230711__20250930_eoef--AccmVal_zxSJiqXzOKy8" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9/30/2025</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10113</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">15542</div>
</td>
</tr>
<tr id="xdx_43F_c20230711__20251031_eoef--AccmVal_zWqnpRQ7Qw69" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10/31/2025</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10380</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">15906</div>
</td>
</tr>
<tr id="xdx_431_c20230711__20251130_eoef--AccmVal_zedNpg75vSxf" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">11/30/2025</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10355</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">15945</div>
</td>
</tr>
<tr id="xdx_43F_c20230711__20251231_eoef--AccmVal_zHXTUSKOzO36" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12/31/2025</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10466</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">15954</div>
</td>
</tr>
<tr id="xdx_437_c20230711__20260131_eoef--AccmVal_zmhQV4uh8Vo4" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">1/31/2026</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">11350</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">16186</div>
</td>
</tr>
<tr id="xdx_43B_c20230711__20260228_eoef--AccmVal_zo0OhURTUUh7" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">2/28/2026</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12039</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">16063</div>
</td>
</tr>
<tr id="xdx_43F_c20230711__20260331_eoef--AccmVal_z7kKJKa8exGd" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">3/31/2026</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">11356</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">15263</div>
</td>
</tr>
<tr id="xdx_433_c20230711__20260430_eoef--AccmVal_zRY7csRkN9Z3" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">4/30/2026</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12513</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">16864</div>
</td>
</tr>
<tr id="xdx_434_c20230711__20260531_eoef--AccmVal_z9ctdFj1O58" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">5/31/2026</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12948</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">17752</div>
</td>
</tr>
<tr id="xdx_433_c20230711__20260630_eoef--AccmVal_z39h4hKQCxe5" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">6/30/2026</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12836</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">17583</div>
</td>
</tr>
</table>
</div>
</div><img alt="line" src="qes2jxcb1msz03h80.jpg" style="box-sizing: border-box; width: 100%; height: auto"/>
</div>
</div>
<p style="font: 8pt/1.4 Gotham Narrow-Light,Arial; margin: -26pt 0 4pt; text-align-last: auto; display: block; min-height: 14.92px; align-content: center; line-height: 14.93px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"> </p>
<p style="font: 16px/1.4 Times New Roman,Times,serif; text-align-last: auto; display: block; color: #000; min-height: 22.38px; align-content: center; line-height: 22.4px; box-sizing: border-box"> </p>
10000
10000
9976
10343
9972
10178
9981
9693
9998
9489
9789
10355
9752
10826
9769
11008
10105
11596
10423
11969
10196
11480
10473
12049
10165
12481
10167
12633
9811
12940
9930
13216
9801
13096
10469
13865
10063
13534
10197
13911
9573
13730
9184
12956
8981
12868
9086
13678
9374
14374
9471
14697
9635
14995
10113
15542
10380
15906
10355
15945
10466
15954
11350
16186
12039
16063
11356
15263
12513
16864
12948
17752
12836
17583
<p id="xdx_807_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000243260Member_z2V5SB1Ex11a" style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 33.59px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-indent: 0; text-align: center; font-weight: bold">Annual Performance</p>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; padding-top: 0">
<div style="box-sizing: border-box; text-align-last: auto">
<table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal">
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Average Annual Returns for the</span>
</div>
<div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Periods Ended June 30, 2026:</span>
</div>
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<th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">1 Year</span>
</div>
</th>
<th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Since Inception</span>
</div>
<div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">(<span id="xdx_908_eoef--PerfInceptionDate_c20250701__20260630__oef--ClassAxis__custom--C000243260Member_zZsNpdVPkyGj">7/11/23</span>)</span>
</div>
</th>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Blueprint Chesapeake Multi-Asset</span>
</div>
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Trend ETF - at NAV</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98C_eoef--AvgAnnlRtrPct_dp_c20250701__20260630__oef--ClassAxis__custom--C000243260Member_zFgmrdKfxZTk" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">36.89%</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_983_eoef--AvgAnnlRtrPct_dp_c20230711__20250630__oef--ClassAxis__custom--C000243260Member_zWERASHaChd9" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">8.76%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">S&P 500 Total Return Index</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_985_eoef--AvgAnnlRtrPct_dp_c20250701__20260630__oef--BroadBasedIndexAxis__custom--SAndP500TotalReturnIndexMember_z0T2To65zvMk" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">22.32%</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_985_eoef--AvgAnnlRtrPct_dp_c20230711__20250630__oef--BroadBasedIndexAxis__custom--SAndP500TotalReturnIndexMember_zHstG3jvGWng" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">20.91%</span>
</div>
</td>
</tr>
</table>
</div>
</div>
</div>
2023-07-11
0.3689
0.0876
0.2232
0.2091
The Fund's past performance is not a good indicator of how the Fund will perform in the future.
The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Visit https://tfpnetf.com/ for more recent performance information.
<p id="xdx_806_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000243260Member_dU_gL1FAPTB-JGY_zzGVOznOh1mf" style="font: 700 11pt/1.4 Gotham Narrow-Bold,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 20.52px; align-content: center; line-height: 20.53px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0; font-weight: bold">How did the Fund perform last year and what affected its performance?</p>
<p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-family: Gotham Narrow-Bold,Arial; font-weight: 700">For the period </span><span style="box-sizing: border-box; font-family: Gotham Narrow-Bold,Arial; font-weight: bold"><span style="box-sizing: border-box; font-weight: bold">July 1, 2025</span>
</span><span style="box-sizing: border-box; font-family: Gotham Narrow-Bold,Arial; font-weight: 700"> – </span><span style="box-sizing: border-box; font-family: Gotham Narrow-Bold,Arial; font-weight: bold"><span style="box-sizing: border-box; font-weight: bold">June 30, 2026</span>
</span>
</p>
<p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">During the 12-month reporting period, the TFPN Fund returned 36.89% (NAV) and 37.33% (market price).</p>
<p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 37.34px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">The Fund began the fiscal year with strong gains—benefiting from long positions in select commodities and trend-driven single equities. Trend signals remained persistent throughout the year contributing to a strong year of performance.</p>
<p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 56.01px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">TFPN maintained its systematic approach throughout, adjusting exposures based on the strength and direction of price trends across asset classes. The strategy does not rely on predictions or discretionary decisions, instead following a rules-based process to identify opportunities and manage risk.</p>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; position: relative">
<p style="font: 700 11pt/1.4 Gotham Narrow-Bold,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 20.52px; align-content: center; line-height: 20.53px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0; font-weight: bold"><b style="box-sizing: border-box; font-weight: bold">Performance Drivers</b></p>
<div style="box-sizing: border-box; text-align-last: auto">
<ul style="padding-inline: 0pt; box-sizing: border-box; list-style-type: disc">
<li style="font: normal 10pt Gotham Narrow-Light,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; margin-top: 0; text-align: left; text-indent: 0; margin-right: 0; margin-bottom: 8pt; list-style-position: outside; list-style-type: disc; display: list-item; margin-left: 25pt"><span style="box-sizing: border-box; font-family: Gotham Narrow-Bold,Arial; font-weight: 700">Currencies: </span>Net exposure to foreign currencies increased through the year as central bank paths diverged. Long positions in the Australian Dollar against the New Zealand Dollar and Canadian Dollar contributed early, and short Euro crosses against the Hungarian Forint and South African Rand led later in the period. Long emerging market exposure in the Colombian Peso and Brazilian Real also added.</li>
<li style="font: normal 10pt Gotham Narrow-Light,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; margin-top: 0; text-align: left; text-indent: 0; margin-right: 0; margin-bottom: 8pt; list-style-position: outside; list-style-type: disc; display: list-item; margin-left: 25pt"><span style="box-sizing: border-box; font-family: Gotham Narrow-Bold,Arial; font-weight: 700">Commodities: </span>Commodity results were mixed and roughly flat for the year. Metals led early, with gold becoming the Fund's largest single commodity holding by September and long exposure building in copper and silver. Energy took over later, as long positions in gas oil, heating oil, and Brent crude benefited from sustained trends. Precious metals and grains gave back much of the earlier gain as those trends reversed.</li>
<li style="font: normal 10pt Gotham Narrow-Light,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; margin-top: 0; text-align: left; text-indent: 0; margin-right: 0; margin-bottom: 8pt; list-style-position: outside; list-style-type: disc; display: list-item; margin-left: 25pt"><span style="box-sizing: border-box; font-family: Gotham Narrow-Bold,Arial; font-weight: 700">Fixed Income: </span>Fixed income remained the Fund's largest allocation by weight and contributed meaningfully early in the year, anchored by long short-duration positions in instruments such as STIP and SUB. The portfolio later moved short across the curve in both domestic and foreign bonds. Short-term interest rate futures and European sovereign shorts detracted as rate expectations shifted.</li>
<li style="font: normal 10pt Gotham Narrow-Light,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; margin-top: 0; text-align: left; text-indent: 0; margin-right: 0; margin-bottom: 8pt; list-style-position: outside; list-style-type: disc; display: list-item; margin-left: 25pt"><span style="box-sizing: border-box; font-family: Gotham Narrow-Bold,Arial; font-weight: 700">Equities:</span> Single stocks were the largest driver of the year's return, with the sleeve ending the period roughly four to one net long. Persistent longs in Strategy Inc., AZZ Inc., and Carpenter Technology contributed throughout. Semiconductors and semiconductor equipment led in the second half, including Western Digital, Micron Technology, and Lam Research, while long positions in Bloom Energy and Kodiak Gas Services also added.</li>
</ul>
</div>
<p style="font: 700 11pt/1.4 Gotham Narrow-Bold,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 20.52px; align-content: center; line-height: 20.53px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0; font-weight: bold"><b style="box-sizing: border-box; font-weight: bold">Positioning as of June 30, 2026</b></p>
<p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">At period-end, TFPN held:</p>
<div style="box-sizing: border-box; text-align-last: auto">
<ul style="padding-inline: 0pt; box-sizing: border-box; list-style-type: disc">
<li style="font: normal 10pt Gotham Narrow-Light,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; margin-top: 0; text-align: left; text-indent: 0; margin-right: 0; margin-bottom: 8pt; list-style-position: outside; list-style-type: disc; display: list-item; margin-left: 25pt">Long positions in energy, metals and mixed positioning in softs and livestock commodities</li>
<li style="font: normal 10pt Gotham Narrow-Light,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; margin-top: 0; text-align: left; text-indent: 0; margin-right: 0; margin-bottom: 8pt; list-style-position: outside; list-style-type: disc; display: list-item; margin-left: 25pt">Net long foreign currency exposure, long emerging market currencies and short the Euro and the Sterling</li>
<li style="font: normal 10pt Gotham Narrow-Light,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; margin-top: 0; text-align: left; text-indent: 0; margin-right: 0; margin-bottom: 8pt; list-style-position: outside; list-style-type: disc; display: list-item; margin-left: 25pt">Short positions across the curve in domestic and foreign bonds</li>
<li style="font: normal 10pt Gotham Narrow-Light,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; margin-top: 0; text-align: left; text-indent: 0; margin-right: 0; margin-bottom: 8pt; list-style-position: outside; list-style-type: disc; display: list-item; margin-left: 25pt">Net long single-stock positions (~4:1)</li>
</ul>
</div>
<p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 56.01px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">While the year included periods of disruption, the Fund remained consistent in applying its systematic process—reducing risk when trends weakened and scaling back in when trend strength improved. TFPN’s diversified, rules-based framework is designed to participate in sustained market trends while actively managing downside risk.</p>
</div>
</div>
<p id="xdx_808_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000243260Member_dU_z6jrpdfDA3bk" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 24.23px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0; font-weight: bold">Key Fund Statistics</p>
<p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span></span><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">)</span>
</p>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; padding-top: 0; margin-bottom: 1pt">
<div style="box-sizing: border-box; text-align-last: auto">
<table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal">
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Size (Thousands)</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_986_eus-gaap--AssetsNet_iI_pn3n3_c20260630__oef--ClassAxis__custom--C000243260Member_zJUFHzGoacRf" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$169,983</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Number of Holdings</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_986_eoef--HoldingsCount_iE_uHoldings_c20260630__oef--ClassAxis__custom--C000243260Member_zy69oYRSFiVl" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">433</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Total Advisory Fee Paid</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_982_eoef--AdvisoryFeesPaidAmt_c20250701__20260630__oef--ClassAxis__custom--C000243260Member_zIjTGDoAvGF3" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$1,333,039</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Portfolio Turnover Rate</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98B_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250701__20260630__oef--ClassAxis__custom--C000243260Member_zvsG95KRpYv3" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">66%</span>
</div>
</td>
</tr>
</table>
</div>
</div>
</div>
169983000
433
1333039
0.66
<p id="xdx_802_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000243260Member_dU_zuXr1GBnLPu2" style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 33.59px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0; font-weight: bold">What did the Fund invest in?</p>
<p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -4pt 0 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span></span><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">)</span>
</p>
<div style="box-sizing: border-box; text-align-last: auto; position: relative">
<p style="font: 700 12pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 24.23px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0; margin-top: 8pt; font-weight: bold">Sector/Security Type - Investments <span style="box-sizing: border-box; font-family: Gotham Narrow-Light,Arial; font-weight: 400"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(% of net assets)</span>
</span>
</p>
<p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(Excludes securities sold short and other financial instruments)</span>
</p>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; display: flex; justify-content: center">
<div style="box-sizing: border-box; text-align-last: auto; padding-top: 0">
<div style="box-sizing: border-box; text-align-last: auto">
<table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none">
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">sector</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">%</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Industrials</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_987_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zgrNhcP6MJx" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.235</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Technology</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98D_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__us-gaap--TechnologySectorMember_zXcBWcjrYjm1" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.152</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Materials</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98B_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zb1Cu6BrwuOa" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.151</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Exchange Traded Funds</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_981_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__us-gaap--ExchangeTradedFundsMember_zfMIuIkJh0t6" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.108</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Energy</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98A_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zpqwganfs0C4" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.054</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Financials</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98B_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zuG27at6jCeh" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.044</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Consumer Staples</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98E_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zxvrnqRAFxj1" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.037</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Health Care</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98D_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_z1xRrHo5m88" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.037</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Consumer Discretionary</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_984_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zofok2Emw7l6" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.033</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Utilities</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98F_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zywB6KClmBjg" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.029</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Communications</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_988_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_z1D5FxxH6QKb" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.011</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Real Estate</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_982_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_z4SHb9j1cNze" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.011</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Investment Companies</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_986_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__us-gaap--InvestmentTypeAxis__custom--InvestmentCompaniesMember_zXF0HEApc6U5" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.003</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Purchased Call Options</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_985_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__us-gaap--InvestmentTypeAxis__custom--PurchasedCallOptionsMember_zAqaoIMIdERe" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.003</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Purchased Put Options</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98E_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__us-gaap--InvestmentTypeAxis__custom--PurchasedPutOptionsMember_fKg_____zW1WdzfhNqUe" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Cash & Cash Equivalents</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98C_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__us-gaap--InvestmentTypeAxis__us-gaap--CashAndCashEquivalentsMember_zD8zACTqjzIj" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.092</div>
</td>
</tr>
</table>
</div>
</div><img alt="pie" src="qes1f951mtbwpgxu.jpg" style="box-sizing: border-box; width: 240pt; height: auto"/>
</div>
</div>
</div>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="font: 8pt Gotham Narrow-Light,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0">
<table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td id="xdx_F0C_zmNCm1lmTQ8f" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F19_zp7eg7yTbSud" style="text-align: justify">Less than 0.05% of net assets.</td>
</tr></table>
</div>
</div>
</div>
<div style="display: grid; grid-template-columns: 271pt 25.5pt 271pt; grid-template-rows: 230pt 178pt 40pt; width: 100%; box-sizing: border-box"><div style="margin: 0 0 3.75pt; padding: 30pt 0 0; grid-column: 3 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 271pt; height: auto; min-width: 0; overflow-wrap: break-word">
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; position: relative">
<p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -16pt 0 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"> </p>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="font: 10pt Gotham Narrow-Light,Arial; margin: 8pt 0 0; box-sizing: border-box; text-align-last: auto; padding-top: 0; color: #4f4f4f; text-align: left; text-indent: 0">
<div id="xdx_840_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000243260Member_dU_zx1FyKBJUTC2" style="box-sizing: border-box; text-align-last: auto">
<table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal">
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 700 12pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Top Holdings</span>
</div>
</th>
<th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 700 12pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">(% of Total Net Assets)</span>
</div>
</th>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">First American Government</span>
</div>
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Obligations Fund - Class X, 3.57%</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243260Member__oef--LargestHoldingAxis__custom--FirstAmericanGovernmentObligationsFundClassX357Member_znisjBpnUheb" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">5.1%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Western Digital Corp.</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243260Member__oef--LargestHoldingAxis__custom--WesternDigitalCorpMember_zLCIce71keba" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">3.5%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Lumentum Holdings, Inc.</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_981_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243260Member__oef--LargestHoldingAxis__custom--LumentumHoldingsIncMember_zTAGsPDYp4Sh" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">3.4%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">iShares National Muni Bond ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243260Member__oef--LargestHoldingAxis__custom--ISharesNationalMuniBondETFMember_z1qe8vftcZv9" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">2.6%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Micron Technology, Inc.</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243260Member__oef--LargestHoldingAxis__custom--MicronTechnologyIncMember_zPHLjiiHCGs" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">2.5%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">iShares TIPS Bond ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_983_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243260Member__oef--LargestHoldingAxis__custom--ISharesTIPSBondETFMember_zdsS2h35bs2b" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">2.2%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Bloom Energy Corp. - Class A</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_986_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243260Member__oef--LargestHoldingAxis__custom--BloomEnergyCorpClassAMember_zIUxs4I7qIi9" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">2.1%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Carpenter Technology Corp.</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243260Member__oef--LargestHoldingAxis__custom--CarpenterTechnologyCorpMember_zi7NiHfhLM06" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">2.0%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">AZZ, Inc.</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243260Member__oef--LargestHoldingAxis__custom--AzzIncMember_zdWGmSFRe7Wi" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">1.6%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Lam Research Corp.</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_987_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243260Member__oef--LargestHoldingAxis__custom--LamResearchCorpMember_zZJtiQDt00e8" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">1.5%</span>
</div>
</td>
</tr>
</table>
</div>
</div>
</div>
</div>
</div>
</div>
<div id="xdx_857_zZu0ejZZMK9i"></div>
<div style="margin: 0 0 3.75pt; padding: 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; width: 271pt; height: auto; min-width: 0; overflow-wrap: break-word">
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; position: relative">
<p style="font: 700 12pt/1.4 Gotham Narrow-Bold,Arial; margin: 20pt 0 0; text-align-last: auto; display: block; min-height: 24.23px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0; font-weight: bold">Sector/Security Type - Securities Sold Short</p>
<p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(% of net assets)</p>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; padding-top: 0">
<div style="box-sizing: border-box; text-align-last: auto">
<table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none">
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">sector</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">%</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Financials</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_984_eoef--PctOfTotalShortExposure_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zT0z1vbeDiL" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">-0.047</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Consumer Staples</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_989_eoef--PctOfTotalShortExposure_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zIIVhelvI5Fl" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">-0.032</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Industrials</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98D_eoef--PctOfTotalShortExposure_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_z8uMHLmYDGn9" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">-0.032</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Health Care</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98D_eoef--PctOfTotalShortExposure_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zExOA1SBZSmk" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">-0.021</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Consumer Discretionary</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_981_eoef--PctOfTotalShortExposure_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zw1IVBw7F9T4" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">-0.021</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Technology</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98F_eoef--PctOfTotalShortExposure_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__us-gaap--TechnologySectorMember_z3wOFsAtpGud" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">-0.018</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Materials</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_982_eoef--PctOfTotalShortExposure_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zkd3dsZWjcql" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">-0.014</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Communications</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_987_eoef--PctOfTotalShortExposure_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_z7d1ORXzxsU7" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">-0.009</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Real Estate</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_985_eoef--PctOfTotalShortExposure_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_z86CuSN3ztCb" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">-0.005</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Utilities</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98F_eoef--PctOfTotalShortExposure_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zn8DI38Qb2Sk" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">-0.002</div>
</td>
</tr>
</table>
</div>
</div><img alt="bar" src="qes9cne381msyxreyk.jpg" style="box-sizing: border-box; width: 100%; height: auto"/>
</div>
</div>
</div>
</div>
</div>
<div style="margin: 0 0 3.75pt; padding: 0; grid-column: 3 / 4; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; width: 271pt; height: auto; min-width: 0; overflow-wrap: break-word">
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; position: relative">
<p style="font: 700 12pt/1.4 Gotham Narrow-Bold,Arial; margin: 20pt 0 0; text-align-last: auto; display: block; min-height: 24.23px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0; font-weight: bold">Security Type - Other Financial Instruments</p>
<p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(% of net assets)</p>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; display: flex; justify-content: center">
<div style="box-sizing: border-box; text-align-last: auto; padding-top: 0">
<div style="box-sizing: border-box; text-align-last: auto">
<table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none">
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">sector</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">%</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Open Futures Contracts Purchased</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98B_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--OtherCategory1Axis__custom--OpenFuturesContractsPurchasedMember_zQI3ct9jSCZ7" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.003</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Written Call Options</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_981_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--OtherCategory1Axis__custom--WrittenCallOptionsMember_fKg_____zcYDgPz5EIy4" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.000*</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Written Put Options</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98C_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--OtherCategory1Axis__custom--WrittenPutOptionsMember_zKXhfSEQGb5e" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">-0.004</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Forward Currency Contracts</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98A_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--OtherCategory1Axis__custom--ForwardCurrencyContractsMember_zmOEB76D96U9" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">-0.004</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Open Futures Contracts Sold</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98B_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000243260Member__oef--OtherCategory1Axis__custom--OpenFuturesContractsSoldMember_zHon3pk0EC2j" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">-0.001</div>
</td>
</tr>
</table>
</div>
</div><img alt="bar" src="qes7pinp11mtbvga1l.jpg" style="box-sizing: border-box; width: 230pt; height: auto"/>
</div>
</div>
</div>
<table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td id="xdx_F07_zaZKlicdzpv9" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1A_zWxNJbXgDGw3" style="text-align: justify">Less than 0.05% of net assets.</td>
</tr></table>
</div>
</div>
</div>
<div style="margin: 0 0 5pt; padding: 8pt; grid-column: 1 / 4; grid-row: 3 / 4; box-sizing: border-box; text-align-last: auto; width: 567.5pt; height: auto; min-width: 0; overflow-wrap: break-word">
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; position: relative">
<p style="font: normal 8pt/9pt Gotham Narrow-Light,Arial; margin: -8pt 0 0; text-align-last: auto; display: block; min-height: 23.98px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">Percentages are based on total net assets, excluding Other Financial Instruments. Cash & Cash Equivalents represents cash, short-term investments and other assets in excess of liabilities. Futures contracts and Forward currency contracts percentages are based on unrealized appreciation (depreciation).</p>
</div>
</div>
</div>
</div>
0.235
0.152
0.151
0.108
0.054
0.044
0.037
0.037
0.033
0.029
0.011
0.011
0.003
0.003
0
0.092
<div id="xdx_840_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000243260Member_dU_zx1FyKBJUTC2" style="box-sizing: border-box; text-align-last: auto">
<table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal">
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 700 12pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Top Holdings</span>
</div>
</th>
<th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 700 12pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">(% of Total Net Assets)</span>
</div>
</th>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">First American Government</span>
</div>
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Obligations Fund - Class X, 3.57%</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243260Member__oef--LargestHoldingAxis__custom--FirstAmericanGovernmentObligationsFundClassX357Member_znisjBpnUheb" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">5.1%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Western Digital Corp.</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243260Member__oef--LargestHoldingAxis__custom--WesternDigitalCorpMember_zLCIce71keba" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">3.5%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Lumentum Holdings, Inc.</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_981_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243260Member__oef--LargestHoldingAxis__custom--LumentumHoldingsIncMember_zTAGsPDYp4Sh" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">3.4%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">iShares National Muni Bond ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243260Member__oef--LargestHoldingAxis__custom--ISharesNationalMuniBondETFMember_z1qe8vftcZv9" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">2.6%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Micron Technology, Inc.</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243260Member__oef--LargestHoldingAxis__custom--MicronTechnologyIncMember_zPHLjiiHCGs" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">2.5%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">iShares TIPS Bond ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_983_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243260Member__oef--LargestHoldingAxis__custom--ISharesTIPSBondETFMember_zdsS2h35bs2b" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">2.2%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Bloom Energy Corp. - Class A</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_986_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243260Member__oef--LargestHoldingAxis__custom--BloomEnergyCorpClassAMember_zIUxs4I7qIi9" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">2.1%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Carpenter Technology Corp.</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243260Member__oef--LargestHoldingAxis__custom--CarpenterTechnologyCorpMember_zi7NiHfhLM06" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">2.0%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">AZZ, Inc.</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243260Member__oef--LargestHoldingAxis__custom--AzzIncMember_zdWGmSFRe7Wi" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">1.6%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Lam Research Corp.</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_987_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243260Member__oef--LargestHoldingAxis__custom--LamResearchCorpMember_zZJtiQDt00e8" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">1.5%</span>
</div>
</td>
</tr>
</table>
</div>
0.051
0.035
0.034
0.026
0.025
0.022
0.021
0.020
0.016
0.015
-0.047
-0.032
-0.032
-0.021
-0.021
-0.018
-0.014
-0.009
-0.005
-0.002
0.003
0.000
-0.004
-0.004
-0.001
<p id="xdx_805_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000243260Member_dU_z6I1Y0qhFE3h" style="font: 700 9pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0; font-weight: bold">Fund Changes</p>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="font: 9pt/12pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0">
<p style="font: 9pt/11pt Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 44px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0; display: block"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">Subsequent to the fiscal year end, the Fund discontinued the use of short sales and transitioned to derivative instruments to obtain certain investment exposures. As a result, the Fund revised the Other Expenses presented in its prospectus to reflect the expenses expected to be incurred under its current investment strategy. The revised Other Expenses became effective on <span id="xdx_904_eoef--MaterialChngDate_c20250701__20260630__oef--ClassAxis__custom--C000243260Member_znXQ4DvkAcD5">July 17, 2026</span>.</span>
</p>
</div>
</div>
2026-07-17
Chesapeake Trend-Following Fixed Income ETF
TFFI
NYSEArca
This <span id="xdx_901_eoef--ShareholderReportAnnualOrSemiAnnual_c20250701__20260630__oef--ClassAxis__custom--C000271457Member_zcCwqIqqv5Ia">annual shareholder report</span> contains important information about the <span style="box-sizing: border-box; font-weight: normal">Chesapeake Trend-Following Fixed Income ETF</span> (the "Fund") for the period <span style="box-sizing: border-box; font-weight: normal">February 23, 2026 (commencement of operations)</span> to <span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span>.
annual shareholder report
You can find additional information about the Fund at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_907_eoef--AddlInfoWebsite_c20250701__20260630__oef--ClassAxis__custom--C000271457Member_zMTPBEfKtlga">https://tffietf.com/</span></span>. You can also request this information by contacting us at <span style="box-sizing: border-box; font-weight: normal"><span id="xdx_900_eoef--AddlInfoPhoneNumber_c20250701__20260630__oef--ClassAxis__custom--C000271457Member_zmFAAuEZROxi">(855) 843‑2534</span></span> or by writing to the <span style="box-sizing: border-box; font-weight: normal">Chesapeake Trend-Following Fixed Income ETF</span>, c/o U.S. Bank Global Fund Services, P.O. Box 701, Milwaukee, Wisconsin 53201‑0701.
https://tffietf.com/
(855) 843‑2534
<p id="xdx_80B_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000271457Member_zceg40Oz88f9" style="font: 700 11pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20.52px; align-content: center; line-height: 20.53px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0; font-weight: bold">What were the Fund costs for the past year?</p>
<p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(based on a hypothetical $10,000 investment)</span><br/><span style="box-sizing: border-box; font-family: Gotham Narrow-Light,Arial"><span style="box-sizing: border-box; font-size: 9pt"></span>
</span>
</p>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; padding-top: 0">
<div style="box-sizing: border-box; text-align-last: auto">
<table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal">
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Name</span>
</div>
</th>
<th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs of a $10,000 investment</span>
</div>
</th>
<th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs paid as a percentage of a $10,000 investment</span>
</div>
</th>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_980_eoef--FundName_c20250701__20260630__oef--ClassAxis__custom--C000271457Member_zeqtIxNjDpp1" style="font: 8pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">Chesapeake Trend-Following Fixed Income ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 8pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$<span id="xdx_903_eoef--ExpensesPaidAmt_c20250701__20260630__oef--ClassAxis__custom--C000271457Member_fKg_____zsbobeGieMsj">33</span>*</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 8pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal"><span id="xdx_907_eoef--ExpenseRatioPct_dp_c20250701__20260630__oef--ClassAxis__custom--C000271457Member_fKio___zaA8f5SS5PDi">0.95</span>%**</span>
</div>
</td>
</tr>
</table>
</div>
</div>
</div>
<table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td id="xdx_F0D_zgC3ZaVE4bBi" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F17_zlqEbnV9tb3l" style="text-align: justify">The Fund commenced operations on February 23, 2026. Expenses for a full reporting period
would be higher than the figures shown.</td>
</tr></table>
<table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td id="xdx_F0C_zqvu3divGzii" style="width: 15pt; text-align: right">**</td><td style="width: 5pt"></td><td id="xdx_F1B_zFVvnsZEI2d" style="text-align: justify">Costs paid as a percentage of a $10,000 investment is an annualized figure.</td>
</tr></table>
Chesapeake Trend-Following Fixed Income ETF
33
0.0095
<p id="xdx_80F_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000271457Member_zE0XpZZHWhE9" style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 0 0 -6pt; text-align-last: auto; display: block; min-height: 33.59px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-indent: 0; text-align: center; font-weight: bold">Cumulative Performance</p>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; padding-top: 0">
<div style="box-sizing: border-box; text-align-last: auto">
<table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none">
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Date</div>
</td>
<td id="xdx_4BC_oef--ClassAxis_custom--C000271457Member_zLJoOcPV7J0e" style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Chesapeake Trend-Following Fixed Income ETF - at NAV - $9,836</div>
</td>
<td id="xdx_4B8_oef--BroadBasedIndexAxis_custom--BloombergUSAggregateBondIndexMember_zRwiLFhgTobh" style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Bloomberg U.S. Aggregate Bond Index - $9,920</div>
</td>
</tr>
<tr id="xdx_434_c20260223__20260223_eoef--AccmVal_zrcPfArlQVAf" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">2/23/2026</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10000</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10000</div>
</td>
</tr>
<tr id="xdx_43F_c20260223__20260228_eoef--AccmVal_zHTNxztgr3cg" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">2/28/2026</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9999</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10032</div>
</td>
</tr>
<tr id="xdx_437_c20260223__20260331_eoef--AccmVal_zYpUwcb5JgRe" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">3/31/2026</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9819</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9855</div>
</td>
</tr>
<tr id="xdx_43D_c20260223__20260430_eoef--AccmVal_zhWviEjKY8s3" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">4/30/2026</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9999</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9866</div>
</td>
</tr>
<tr id="xdx_437_c20260223__20260531_eoef--AccmVal_zvfvOAZgdeA7" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">5/31/2026</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9906</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9897</div>
</td>
</tr>
<tr id="xdx_43F_c20260223__20260630_eoef--AccmVal_zQ2Ae1JW64Xk" style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">6/30/2026</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9836</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9920</div>
</td>
</tr>
</table>
</div>
</div><img alt="line" src="qes7pinp11mtbvvvhw.jpg" style="box-sizing: border-box; width: 100%; height: auto"/>
</div>
</div>
<p style="font: 8pt/1.4 Gotham Narrow-Light,Arial; margin: -26pt 0 4pt; text-align-last: auto; display: block; min-height: 14.92px; align-content: center; line-height: 14.93px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"> </p>
<p style="font: 16px/1.4 Times New Roman,Times,serif; text-align-last: auto; display: block; color: #000; min-height: 22.38px; align-content: center; line-height: 22.4px; box-sizing: border-box"> </p>
10000
10000
9999
10032
9819
9855
9999
9866
9906
9897
9836
9920
<p id="xdx_807_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000271457Member_z3wtyrC3iSfi" style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 33.59px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-indent: 0; text-align: center; font-weight: bold">Annual Performance</p>
<table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal">
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold"> </span>
</div>
<div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold"> </span>
</div>
</th>
<th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Since Inception</span>
</div>
<div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">(<span id="xdx_908_eoef--PerfInceptionDate_c20250701__20260630__oef--ClassAxis__custom--C000271457Member_zNgosvfbFr9i">2/23/26</span>)</span>
</div>
</th>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Chesapeake Trend-Following</span>
</div>
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fixed Income ETF - at NAV</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98D_eoef--AvgAnnlRtrPct_dp_c20260223__20260630__oef--ClassAxis__custom--C000271457Member_zolNrP8uGOc5" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">-1.64%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Bloomberg U.S. Aggregate Bond Index</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98A_eoef--AvgAnnlRtrPct_dp_c20260223__20260630__oef--BroadBasedIndexAxis__custom--BloombergUSAggregateBondIndexMember_zdAmefXBMPX3" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">-0.80%</span>
</div>
</td>
</tr>
</table>
2026-02-23
-0.0164
-0.0080
The Fund's past performance is not a good indicator of how the Fund will perform in the future.
The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Visit https://tffietf.com/ for more recent performance information.
<p id="xdx_80A_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000271457Member_dU_zPtyD48Kyzvg" style="font: 700 11pt/1.4 Gotham Narrow-Bold,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 20.52px; align-content: center; line-height: 20.53px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0; font-weight: bold">How did the Fund perform last year and what affected its performance?</p>
<p style="font: normal 10pt/10pt Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 31.11px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">The Chesapeake Trend Following Fixed Income ETF (TFFI) commenced trading on February 23, 2026. The fund returned -1.64% for the period ending June 30<sup style="box-sizing: border-box; font-weight: normal">th</sup>, 2026.</p>
<p style="font: normal 10pt/12pt Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 31.99px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">The strategy applies repeatable systematic investing rules to invest both long and short across four areas of the fixed income asset class:</p>
<div style="box-sizing: border-box; text-align-last: auto">
<ul style="padding-inline: 0pt; box-sizing: border-box; list-style-type: disc; margin-bottom: 12pt">
<li style="font: normal 10pt/12pt Gotham Narrow-Light,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0; margin-right: 0; list-style-position: outside; margin-top: 0; list-style-type: disc; display: list-item; margin-left: 25pt; margin-bottom: 0">Sovereign duration</li>
<li style="font: normal 10pt/12pt Gotham Narrow-Light,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0; margin-right: 0; list-style-position: outside; margin-top: 0; list-style-type: disc; display: list-item; margin-left: 25pt; margin-bottom: 0">Short-term rates</li>
<li style="font: normal 10pt/12pt Gotham Narrow-Light,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0; margin-right: 0; list-style-position: outside; margin-top: 0; list-style-type: disc; display: list-item; margin-left: 25pt; margin-bottom: 0">Credit and spread products</li>
<li style="font: normal 10pt/12pt Gotham Narrow-Light,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0; margin-right: 0; list-style-position: outside; margin-top: 0; list-style-type: disc; display: list-item; margin-left: 25pt; margin-bottom: 0">Inflation-sensitive and hybrid fixed income</li>
</ul>
</div>
<p style="font: normal 10pt/12pt Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 95.97px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">Performance and Positioning: TFFI completed the period with a meaningful net short position in fixed income. Those positions developed as bond prices weakened, both across the US and global curve. The strategy responded systematically to observable price behavior—scaling exposure where trends persisted and cutting risk where they weakened. Fixed income remained net short following the significant shift in interest rate yields. Positioning included short exposure across U.S. Treasury and international government bond futures spanning several maturities, along with increased exposure to short-term Japanese interest-rate futures. The portfolio maintains a meaningful net short, fixed income position.</p>
<p style="font: normal 10pt/12pt Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 15.99px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">TFFI’s broad global exposure and long/short flexibility allow the ETF to adjust to all market cycles and interest rate environments.</p>
<p id="xdx_808_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000271457Member_dU_zaEslj3nbQTb" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 24.23px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0; font-weight: bold">Key Fund Statistics</p>
<p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span></span><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">)</span>
</p>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; padding-top: 0; margin-bottom: 1pt">
<div style="box-sizing: border-box; text-align-last: auto">
<table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal">
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Size (Thousands)</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_986_eus-gaap--AssetsNet_iI_pn3n3_c20260630__oef--ClassAxis__custom--C000271457Member_ztDfkr4YAJJh" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$36,886</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Number of Holdings</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_986_eoef--HoldingsCount_iE_uHoldings_c20260630__oef--ClassAxis__custom--C000271457Member_zXerCihBeLq4" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">48</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Total Advisory Fee Paid</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_982_eoef--AdvisoryFeesPaidAmt_c20250701__20260630__oef--ClassAxis__custom--C000271457Member_znypXjCsLjNk" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$90,371</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Portfolio Turnover Rate</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98B_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250701__20260630__oef--ClassAxis__custom--C000271457Member_z1TJkdbUW17d" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">2%</span>
</div>
</td>
</tr>
</table>
</div>
</div>
</div>
36886000
48
90371
0.02
<p id="xdx_802_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000271457Member_dU_ziW19mnF2qi5" style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 33.59px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0; font-weight: bold">What did the Fund invest in?</p>
<p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -4pt 0 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span></span><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">)</span>
</p>
<div style="box-sizing: border-box; text-align-last: auto; position: relative">
<p style="font: 700 12pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 24.23px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0; font-weight: bold">Sector/Security Type - Investments <span style="box-sizing: border-box; font-family: Gotham Narrow-Light,Arial; font-weight: 400"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(% of net assets)</span>
</span>
</p>
<p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(Excludes securities sold short and other financial instruments)</span>
</p>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; display: flex; justify-content: center">
<div style="box-sizing: border-box; text-align-last: auto; padding-top: 0">
<div style="box-sizing: border-box; text-align-last: auto">
<table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none">
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">sector</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">%</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Exchange Traded Funds</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_981_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000271457Member__oef--IndustrySectorAxis__us-gaap--ExchangeTradedFundsMember_zzz8iQEpnhId" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.571</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Financials</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98B_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000271457Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_z7sNHG5GxDL5" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.013</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Cash & Cash Equivalents</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98C_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000271457Member__us-gaap--InvestmentTypeAxis__us-gaap--CashAndCashEquivalentsMember_zFYfIpWbGYKk" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.416</div>
</td>
</tr>
</table>
</div>
</div><img alt="pie" src="qes2jxcb1msyzepcj.jpg" style="box-sizing: border-box; width: 240pt; height: auto"/>
</div>
</div>
</div>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="font: 8pt Gotham Narrow-Light,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; display: block"></span>
</div>
</div>
</div>
<div style="display: grid; grid-template-columns: 271pt 25.5pt 271pt; grid-template-rows: 230pt 178pt; width: 100%; box-sizing: border-box"><div style="margin: 0 0 3.75pt; padding: 30pt 0 0; grid-column: 3 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 271pt; height: auto; min-width: 0; overflow-wrap: break-word">
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; position: relative">
<p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -24pt 0 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"> </p>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="font: 10pt Gotham Narrow-Light,Arial; margin: 8pt 0 0; box-sizing: border-box; text-align-last: auto; padding-top: 0; color: #4f4f4f; text-align: left; text-indent: 0">
<div id="xdx_840_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000271457Member_dU_zx0TpVvGKud5" style="box-sizing: border-box; text-align-last: auto">
<table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal">
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 700 12pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Top Holdings</span>
</div>
</th>
<th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 700 12pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">(% of Total</span>
</div>
<div style="font: 700 12pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Net Assets)</span>
</div>
</th>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">First American Government</span>
</div>
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Obligations Fund - Class X, 3.57%</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000271457Member__oef--LargestHoldingAxis__custom--FirstAmericanGovernmentObligationsFundClassX357Member_zfAPpqKEqdLb" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">36.0%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">iShares National Muni Bond ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000271457Member__oef--LargestHoldingAxis__custom--ISharesNationalMuniBondETFMember_zKptQbWHbmWb" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">11.4%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">iShares TIPS Bond ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_983_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000271457Member__oef--LargestHoldingAxis__custom--ISharesTIPSBondETFMember_zCjUyANd5Xke" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">9.3%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Vanguard Short-Term Corporate Bond ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000271457Member__oef--LargestHoldingAxis__custom--VanguardShortTermCorporateBondETFMember_zJP89Sa5gMqk" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">9.0%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">SPDR Bloomberg Convertible Securities ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_985_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000271457Member__oef--LargestHoldingAxis__custom--SPDRBloombergConvertibleSecuritiesETFMember_zUhE09ayd5Cl" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">7.9%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">iShares Preferred and Income Securities ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000271457Member__oef--LargestHoldingAxis__custom--ISharesPreferredandIncomeSecuritiesETFMember_zoOThWZhMvGl" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">6.8%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Vanguard Intermediate-Term Corporate</span>
</div>
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Bond ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_986_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000271457Member__oef--LargestHoldingAxis__custom--VanguardIntermediateTermCorporateBondETFMember_z0h75YZ2tnr6" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">4.7%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">iShares MBS ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_987_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000271457Member__oef--LargestHoldingAxis__custom--ISharesMBSETFMember_z8hU3iS3JnJ8" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">4.5%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">iShares J.P. Morgan USD Emerging Markets</span>
</div>
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Bond ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_985_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000271457Member__oef--LargestHoldingAxis__custom--ISharesJPMorganUSDEmergingMarketsBondETFMember_zqJO1kC1m0N9" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">3.5%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Blackstone Mortgage Trust, Inc. - REIT</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_980_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000271457Member__oef--LargestHoldingAxis__custom--BlackstoneMortgageTrustIncREITMember_z8K5q5DKv1Te" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">1.3%</span>
</div>
</td>
</tr>
</table>
</div>
</div>
</div>
</div>
</div>
</div>
<div style="grid-column: 1 / 4; grid-row: 2 / 3; box-sizing: border-box"><div style="display: grid; grid-template-columns: 271pt 25.5pt 271pt; grid-template-rows: 178pt; width: 100%; box-sizing: border-box"><div style="margin: 0 0 3.75pt; padding: 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 271pt; height: auto; min-width: 0; overflow-wrap: break-word">
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; position: relative">
<p style="font: 700 12pt/1.4 Gotham Narrow-Bold,Arial; margin: 16pt 0 0; text-align-last: auto; display: block; min-height: 24.23px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0; font-weight: bold">Sector/Security Type - Securities Sold Short</p>
<p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(% of net assets)</p>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; padding-top: 0">
<div style="box-sizing: border-box; text-align-last: auto">
<table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none">
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">sector</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">%</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Financials</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_984_eoef--PctOfTotalShortExposure_iI_c20260630__oef--ClassAxis__custom--C000271457Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zGOzR2bIkqod" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">-0.3%</div>
</td>
</tr>
</table>
</div>
</div><img alt="bar" src="qes2jxcb1msyzheuv.jpg" style="box-sizing: border-box; width: 100%; height: auto"/>
</div>
</div>
</div>
</div>
</div>
<div style="margin: 0 0 3.75pt; padding: 0; grid-column: 3 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 271pt; height: auto; min-width: 0; overflow-wrap: break-word">
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; position: relative">
<p style="font: 700 12pt/1.4 Gotham Narrow-Bold,Arial; margin: 16pt 0 0; text-align-last: auto; display: block; min-height: 24.23px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0; font-weight: bold">Security Type - Other Financial Instruments</p>
<p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(% of net assets)</p>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; display: flex; justify-content: center">
<div style="box-sizing: border-box; text-align-last: auto; padding-top: 0">
<div style="box-sizing: border-box; text-align-last: auto">
<table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none">
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">sector</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">%</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Open Futures Contracts Purchased</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98A_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000271457Member__oef--OtherCategory1Axis__custom--OpenFuturesContractsPurchasedMember_fKg_____zOPKlFUdInV5" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.000*</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Open Futures Contracts Sold</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98B_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000271457Member__oef--OtherCategory1Axis__custom--OpenFuturesContractsSoldMember_zEXR8S13Y2U" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">-0.008</div>
</td>
</tr>
</table>
</div>
</div><img alt="bar" src="qes7pinp11mtbvov6v.jpg" style="box-sizing: border-box; width: 230pt; height: auto"/>
</div>
</div>
</div>
<table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td id="xdx_F0F_z1lHKwO2obyk" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F18_zrPcklgToD1k" style="text-align: justify">Less than 0.05% of net assets.</td>
</tr></table>
</div>
</div>
</div>
</div></div></div>
0.571
0.013
0.416
<div id="xdx_840_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000271457Member_dU_zx0TpVvGKud5" style="box-sizing: border-box; text-align-last: auto">
<table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal">
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 700 12pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Top Holdings</span>
</div>
</th>
<th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal">
<div style="font: 700 12pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">(% of Total</span>
</div>
<div style="font: 700 12pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right; font-weight: bold"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Net Assets)</span>
</div>
</th>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">First American Government</span>
</div>
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Obligations Fund - Class X, 3.57%</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000271457Member__oef--LargestHoldingAxis__custom--FirstAmericanGovernmentObligationsFundClassX357Member_zfAPpqKEqdLb" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">36.0%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">iShares National Muni Bond ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000271457Member__oef--LargestHoldingAxis__custom--ISharesNationalMuniBondETFMember_zKptQbWHbmWb" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">11.4%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">iShares TIPS Bond ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_983_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000271457Member__oef--LargestHoldingAxis__custom--ISharesTIPSBondETFMember_zCjUyANd5Xke" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">9.3%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Vanguard Short-Term Corporate Bond ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000271457Member__oef--LargestHoldingAxis__custom--VanguardShortTermCorporateBondETFMember_zJP89Sa5gMqk" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">9.0%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">SPDR Bloomberg Convertible Securities ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_985_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000271457Member__oef--LargestHoldingAxis__custom--SPDRBloombergConvertibleSecuritiesETFMember_zUhE09ayd5Cl" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">7.9%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">iShares Preferred and Income Securities ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000271457Member__oef--LargestHoldingAxis__custom--ISharesPreferredandIncomeSecuritiesETFMember_zoOThWZhMvGl" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">6.8%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Vanguard Intermediate-Term Corporate</span>
</div>
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Bond ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_986_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000271457Member__oef--LargestHoldingAxis__custom--VanguardIntermediateTermCorporateBondETFMember_z0h75YZ2tnr6" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">4.7%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">iShares MBS ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_987_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000271457Member__oef--LargestHoldingAxis__custom--ISharesMBSETFMember_z8hU3iS3JnJ8" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">4.5%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">iShares J.P. Morgan USD Emerging Markets</span>
</div>
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Bond ETF</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_985_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000271457Member__oef--LargestHoldingAxis__custom--ISharesJPMorganUSDEmergingMarketsBondETFMember_zqJO1kC1m0N9" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">3.5%</span>
</div>
</td>
</tr>
<tr style="box-sizing: border-box; height: auto; line-height: normal">
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Blackstone Mortgage Trust, Inc. - REIT</span>
</div>
</td>
<td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal">
<div id="xdx_980_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000271457Member__oef--LargestHoldingAxis__custom--BlackstoneMortgageTrustIncREITMember_z8K5q5DKv1Te" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">1.3%</span>
</div>
</td>
</tr>
</table>
</div>
<div style="display: grid; grid-template-columns: 271pt 25.5pt 271pt; grid-template-rows: 178pt; width: 100%; box-sizing: border-box"><div style="margin: 0 0 3.75pt; padding: 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 271pt; height: auto; min-width: 0; overflow-wrap: break-word">
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; position: relative">
<p style="font: 700 12pt/1.4 Gotham Narrow-Bold,Arial; margin: 16pt 0 0; text-align-last: auto; display: block; min-height: 24.23px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0; font-weight: bold">Sector/Security Type - Securities Sold Short</p>
<p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(% of net assets)</p>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; padding-top: 0">
<div style="box-sizing: border-box; text-align-last: auto">
<table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none">
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">sector</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">%</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Financials</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_984_eoef--PctOfTotalShortExposure_iI_c20260630__oef--ClassAxis__custom--C000271457Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zGOzR2bIkqod" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">-0.3%</div>
</td>
</tr>
</table>
</div>
</div><img alt="bar" src="qes2jxcb1msyzheuv.jpg" style="box-sizing: border-box; width: 100%; height: auto"/>
</div>
</div>
</div>
</div>
</div>
<div style="margin: 0 0 3.75pt; padding: 0; grid-column: 3 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 271pt; height: auto; min-width: 0; overflow-wrap: break-word">
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; position: relative">
<p style="font: 700 12pt/1.4 Gotham Narrow-Bold,Arial; margin: 16pt 0 0; text-align-last: auto; display: block; min-height: 24.23px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0; font-weight: bold">Security Type - Other Financial Instruments</p>
<p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(% of net assets)</p>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto">
<div style="box-sizing: border-box; text-align-last: auto; display: flex; justify-content: center">
<div style="box-sizing: border-box; text-align-last: auto; padding-top: 0">
<div style="box-sizing: border-box; text-align-last: auto">
<table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none">
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">sector</div>
</td>
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">%</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Open Futures Contracts Purchased</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98A_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000271457Member__oef--OtherCategory1Axis__custom--OpenFuturesContractsPurchasedMember_fKg_____zOPKlFUdInV5" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.000*</div>
</td>
</tr>
<tr style="box-sizing: border-box">
<td style="box-sizing: border-box">
<div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Open Futures Contracts Sold</div>
</td>
<td style="box-sizing: border-box">
<div id="xdx_98B_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000271457Member__oef--OtherCategory1Axis__custom--OpenFuturesContractsSoldMember_zEXR8S13Y2U" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">-0.008</div>
</td>
</tr>
</table>
</div>
</div><img alt="bar" src="qes7pinp11mtbvov6v.jpg" style="box-sizing: border-box; width: 230pt; height: auto"/>
</div>
</div>
</div>
<table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td id="xdx_F0F_z1lHKwO2obyk" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F18_zrPcklgToD1k" style="text-align: justify">Less than 0.05% of net assets.</td>
</tr></table>
</div>
</div>
</div>
</div>
0.360
0.114
0.093
0.090
0.079
0.068
0.047
0.045
0.035
0.013
-0.003
0.000
-0.008
<p id="xdx_805_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000271457Member_dU_zEFANE7WSrza" style="font: 700 9pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0; font-weight: bold">Fund Changes</p>
<div style="box-sizing: border-box; text-align-last: auto">
<div style="font: 9pt/12pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0">
<p style="font: normal 9pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0; display: block">There were no material changes during the reporting period.</p>
</div>
</div>