Optimized Equity Income ETF
Schedule of Investments
July 31, 2026 (Unaudited)

COMMON STOCKS - 98.2%

Shares  

Value  
Basic Materials - 0.4%

Freeport-McMoRan, Inc.

            3,222

    $        201,794






Communications - 19.9%

Alphabet, Inc. - Class A (a)

            4,475

             1,593,682
Alphabet, Inc. - Class C (a)

            3,580

             1,276,807
Amazon.com, Inc. (a)(b)

            7,697

             2,090,351
AppLovin Corp. - Class A (b)

            358

             141,732
Arista Networks, Inc. (b)

            1,253

             225,979
AT&T, Inc.

            11,277

             262,190
Booking Holdings, Inc.

            4,475

             863,227
Cisco Systems, Inc.

            6,086

             705,915
Meta Platforms, Inc. - Class A (a)

            1,790

             996,511
Netflix, Inc. (b)

            3,580

             256,722
Uber Technologies, Inc. (b)

            3,222

             226,700
Verizon Communications, Inc.

            6,623

             310,023
Walt Disney Co.

            2,685

             258,270




             9,208,109






Consumer, Cyclical - 6.1%

Costco Wholesale Corp.

            537

             511,165
Home Depot, Inc.

            1,611

             534,787
McDonald's Corp.

            1,074

             290,667
Tesla, Inc. (a)(b)

            2,148

             668,479
TJX Cos., Inc.

            1,790

             281,639
Walmart, Inc.

            4,654

             517,525




             2,804,262






Consumer, Non-cyclical - 15.8%

Abbott Laboratories

            2,864

             302,725
AbbVie, Inc.

            2,864

             718,692
Amgen, Inc.

            895

             344,718
Boston Scientific Corp. (b)

            2,327

             108,741
Coca-Cola Co.

            4,654

             407,644
Eli Lilly & Co. (a)

            716

             822,569
Gilead Sciences, Inc.

            1,969

             256,383
Intuitive Surgical, Inc. (b)

            537

             189,738
Johnson & Johnson

            3,759

             963,620
Merck & Co., Inc.

            3,938

             512,728
Mobility Global, Inc. (b)

            537

             10,944
PepsiCo, Inc.

            2,148

             299,775
Pfizer, Inc.

            8,950

             223,840
Philip Morris International, Inc.

            2,506

             478,195
Procter & Gamble Co.

            3,401

             491,411
S&P Global, Inc.

            537

             221,206
Thermo Fisher Scientific, Inc.

            716

             411,199
UnitedHealth Group, Inc.

            1,253

             519,243




             7,283,371






Energy - 3.3%

Chevron Corp.

            3,043

             598,954
ExxonMobil Holdings Corp.

            6,094

             947,251




             1,546,205








Financial - 13.1%

American Express Co.

            895

             300,944
Bank of America Corp.

            10,203

             632,076
Berkshire Hathaway, Inc. - Class B (b)

            1,432

             732,525
Blackrock, Inc.

            358

             390,360
Charles Schwab Corp.

            2,685

             282,569
Citigroup, Inc.

            2,864

             379,337
Goldman Sachs Group, Inc. (a)

            295

             300,422
JPMorgan Chase & Co. (a)

            2,148

             755,645
Mastercard, Inc. - Class A

            1,253

             718,094
Morgan Stanley (a)

            1,790

             376,652
Progressive Corp.

            1,074

             227,065
Visa, Inc. - Class A

            1,432

             524,298
Wells Fargo & Co.

            4,833

             417,813




             6,037,800






Industrial - 6.6%

Amphenol Corp. - Class A

            1,611

             258,888
Boeing Co. (b)

            1,611

             348,202
Caterpillar, Inc.

            587

             478,293
Eaton Corp. PLC

            716

             297,283
GE Vernova, Inc.

            537

             531,786
General Electric Co.

            1,790

             644,525
RTX Corp.

            2,327

             500,817




             3,059,794






Technology - 32.4% (c)

Accenture PLC - Class A

            895

             148,499
Adobe, Inc. (b)

            716

             179,294
Advanced Micro Devices, Inc. (b)

            1,502

             715,177
Apple, Inc.

            6,345

             1,960,034
Applied Materials, Inc.

            545

             276,680
Broadcom, Inc. (a)

            3,580

             1,393,622
Intel Corp. (b)

            6,802

             613,540
International Business Machines Corp.

            1,074

             240,200
Intuit, Inc.

            358

             113,153
Lam Research Corp.

            1,164

             341,075
Micron Technology, Inc.

            1,432

             1,178,579
Microsoft Corp. (a)

            5,907

             2,745,101
NVIDIA Corp. (a)

            18,974

             3,809,031
Oracle Corp.

            1,253

             162,727
Palantir Technologies, Inc. - Class A (b)

            1,790

             220,277
QUALCOMM, Inc.

            1,790

             264,222
Salesforce, Inc.

            1,253

             230,577
ServiceNow, Inc. (b)

            895

             99,551
Texas Instruments, Inc.

            1,074

             296,145




             14,987,484






Utilities - 0.6%

NextEra Energy, Inc.

            3,222

             280,056
TOTAL COMMON STOCKS (Cost $41,845,033)

             45,408,875






REAL ESTATE INVESTMENT TRUSTS - 0.8%

Shares  

Value  
Financial - 0.8%

Realty Income Corp.

            6,132

             391,651
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $376,204)

             391,651








PURCHASED OPTIONS - 0.2% (b)
Notional Amount  

Contracts  

Value  
Put Options - 0.2%




S&P 500 Index (d)(e)




Expiration: 07/31/2026; Exercise Price: $7,485.00
             18,724,300

            25

             450
Expiration: 08/28/2026; Exercise Price: $7,200.00
             17,226,356

            23

             81,995
TOTAL PURCHASED OPTIONS (Cost $157,764)

             82,445






SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 0.1%
Shares  

Value  
First American Government Obligations Fund - Class X, 3.58% (f)

            58,536

             58,536
TOTAL MONEY MARKET FUNDS (Cost $58,536)

             58,536






TOTAL INVESTMENTS - 99.3% (Cost $42,437,537)

             45,941,507
Other Assets in Excess of Liabilities - 0.7%
0.00676
            312,881
TOTAL NET ASSETS - 100.0%




    $        46,254,388


Percentages are stated as a percent of net assets.




(a)

Held in connection with written option contracts. See Schedule of Written Options for further information.
(b)

Non-income producing security.
(c)

To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect that industry or sector.
(d)

Exchange-traded.
(e)

100 shares per contract.
(f)

The rate shown represents the 7-day annualized yield as of July 31, 2026.




Optimized Equity Income ETF
Schedule of Written Options
July 31, 2026 (Unaudited)

WRITTEN OPTIONS - (1.0)%
Notional Amount

Contracts

Value
Call Options - (1.0)% (a)(b)
Alphabet, Inc.





Expiration: 08/07/2026; Exercise Price: $270.00
    $        (712,260)

(20)

    $        (166,860)
Expiration: 08/07/2026; Exercise Price: $335.00
             (712,260)

(20)

             (44,050)
Expiration: 08/21/2026; Exercise Price: $337.50
             (891,625)

(25)

             (59,063)
Amazon.com, Inc., Expiration: 08/21/2026; Exercise Price: $280.00
             (407,370)

(15)

             (7,613)
Broadcom, Inc., Expiration: 08/07/2026; Exercise Price: $400.00
             (389,280)

(10)

             (6,625)
Eli Lilly & Co., Expiration: 08/07/2026; Exercise Price: $1,200.00
             (344,652)

(3)

             (6,705)
Goldman Sachs Group, Inc., Expiration: 08/21/2026; Exercise Price: $1,025.00
             (203,676)

(2)

             (6,315)
JPMorgan Chase & Co., Expiration: 08/21/2026; Exercise Price: $360.00
             (351,790)

(10)

             (3,800)
Meta Platforms, Inc., Expiration: 08/21/2026; Exercise Price: $590.00
             (278,355)

(5)

             (4,790)
Microsoft Corp., Expiration: 08/21/2026; Exercise Price: $470.00
             (929,440)

(20)

             (22,250)
Morgan Stanley, Expiration: 08/21/2026; Exercise Price: $215.00
             (105,210)

(5)

             (2,162)
NVIDIA Corp., Expiration: 08/21/2026; Exercise Price: $210.00
             (803,000)

(40)

             (14,900)
S&P 500 Index, Expiration: 08/21/2026; Exercise Price: $7,550.00
             (14,979,440)

(20)

             (123,800)
Tesla, Inc., Expiration: 08/21/2026; Exercise Price: $330.00
             (311,210)

(10)

             (6,700)
TOTAL WRITTEN OPTIONS (Premiums received $412,901)




    $        (475,633)

Percentages are stated as a percent of net assets.




(a)

100 shares per contract.
(b)

Exchange-traded.


Summary of Fair Value Disclosure as of July 31, 2026 (Unaudited)

Optimized Equity Income ETF has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of July 31, 2026:



Level 1

Level 2

Level 3

Total
Assets:







Investments:







  Common Stocks
    $        45,408,875

    $        –

    $        –

    $        45,408,875
  Real Estate Investment Trusts
            391,651

            –

            –

            391,651
  Purchased Options
            –

            82,445

            –

            82,445
  Money Market Funds
            58,536

            –

            –

            58,536
Total Investments
    $        45,859,062

    $        82,445

    $        –

    $        45,941,507








Liabilities:







Investments:







  Written Options
    $        –

    $        (475,633)

    $        –

    $        (475,633)
Total Investments
    $        –

    $        (475,633)

    $        –

    $        (475,633)





 

Refer to the Schedule of Investments for further disaggregation of investment categories.