1
QUARTERLY REPORT
REX CRYPTO EQUITY PREMIUM INCOME ETF
Schedule of InvestmentsJuly 31, 2026 (unaudited)
|
|
|
|
|
Shares |
|
Value |
|
|
98.54% |
|
COMMON STOCKS(A) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.10% |
|
CONSUMER DISCRETIONARY |
|
|
|
|
|
|
|
|
Tesla, Inc.(B) |
|
14,520 |
|
$4,518,769 |
|
|
|
|
|
|
|
|
|
|
|
15.34% |
|
CRYPTO-CURRENCY/BLOCKCHAIN |
|
|
|
|
|
|
|
|
Bitdeer Technologies Group(B) |
|
62,810 |
|
660,761 |
|
|
|
|
Cipher Digital, Inc.(B) |
|
220,400 |
|
4,919,328 |
|
|
|
|
CleanSpark, Inc.(B) |
|
229,896 |
|
3,163,369 |
|
|
|
|
Coinbase Global, Inc.(B) |
|
34,524 |
|
5,049,480 |
|
|
|
|
Riot Platforms, Inc.(B) |
|
153,873 |
|
3,103,618 |
|
|
|
|
|
|
|
|
16,896,556 |
|
|
|
|
|
|
|
|
|
|
|
12.15% |
|
FINANCIALS - DIGITAL |
|
|
|
|
|
|
|
|
Interactive Brokers Group, Inc. |
|
33,815 |
|
2,975,382 |
|
|
|
|
Nu Holdings Ltd.(B) |
|
419,764 |
|
6,015,218 |
|
|
|
|
Robinhood Markets, Inc.(B) |
|
50,678 |
|
4,386,688 |
|
|
|
|
|
|
|
|
13,377,288 |
|
|
|
|
|
|
|
|
|
|
|
22.50% |
|
FINANCIALS - PAYMENT SYSTEMS |
|
|
|
|
|
|
|
|
Block, Inc.(B) |
|
37,741 |
|
3,066,079 |
|
|
|
|
Fiserv, Inc.(B) |
|
64,470 |
|
3,477,512 |
|
|
|
|
Mastercard, Inc. Class A |
|
10,591 |
|
6,069,702 |
|
|
|
|
PayPal Holdings, Inc. |
|
111,660 |
|
6,388,069 |
|
|
|
|
Visa, Inc. Class A |
|
15,778 |
|
5,776,799 |
|
|
|
|
|
|
|
|
24,778,161 |
|
|
|
|
|
|
|
|
|
|
|
20.75% |
|
INFORMATION TECHNOLOGY - HARDWARE |
|
|
|
|
|
|
|
|
Advanced Micro Devices(B) |
|
11,032 |
|
5,252,887 |
|
|
|
|
Micron Technology, Inc. |
|
5,856 |
|
4,819,664 |
|
|
|
|
Nvidia Corp. |
|
29,323 |
|
5,886,592 |
|
|
|
|
Rambus, Inc.(B) |
|
17,330 |
|
1,577,550 |
|
|
|
|
Taiwan Semiconductor Manufacturing Co. Ltd. |
|
13,158 |
|
5,319,122 |
|
|
|
|
|
|
|
|
22,855,815 |
|
2
QUARTERLY REPORT
REX CRYPTO EQUITY PREMIUM INCOME ETF
Schedule of Investments - continuedJuly 31, 2026 (unaudited)
|
|
|
|
|
Shares |
|
Value |
|
|
23.70% |
|
INFORMATION TECHNOLOGY - SOFTWARE & SERVICES |
|
|
|
|
|
|
|
|
Applied Digital Corporation(B) |
|
172,806 |
|
$4,733,156 |
|
|
|
|
Core Scientific, Inc.(B) |
|
102,730 |
|
2,128,566 |
|
|
|
|
IREN Ltd.(B) |
|
147,165 |
|
5,415,672 |
|
|
|
|
MARA Holdings, Inc.(B) |
|
434,828 |
|
4,922,253 |
|
|
|
|
Strategy, Inc. Class A(B) |
|
56,694 |
|
5,288,416 |
|
|
|
|
TeraWulf, Inc.(B) |
|
204,729 |
|
3,615,514 |
|
|
|
|
|
|
|
|
26,103,577 |
|
|
|
|
|
|
|
|
|
|
|
98.54% |
|
TOTAL COMMON STOCKS |
|
108,530,166 |
|
||
|
|
|
(Cost: $85,450,287) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.50% |
|
MONEY MARKET FUND |
|
|
|
|
|
|
|
|
First American Treasury Obligations Fund - Institutional Class 3.607%(C) |
|
4,951,982 |
|
4,951,982 |
|
|
|
|
(Cost: $4,951,982) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
103.04% |
|
TOTAL INVESTMENTS |
|
113,482,148 |
|
||
|
|
|
(Cost: $90,402,269) |
|
|
|
|
|
|
(3.04%) |
|
Liabilities in excess of other assets |
|
(3,348,273 |
) |
||
|
100.00% |
|
NET ASSETS |
|
$110,133,875 |
|
||
(A)All or a portion of the security is held as collateral for options written.
(B)Non-income producing.
(C)Effective 7 day yield as of July 31, 2026.
3
QUARTERLY REPORT
REX CRYPTO EQUITY PREMIUM INCOME ETF
Schedule of Options WrittenJuly 31, 2026 (unaudited)
|
(2.99%) |
|
OPTIONS WRITTEN(A) |
|
|
|
Description |
|
Number |
|
Notional Amount |
|
Exercise Price |
|
Expiration Date |
|
Value |
|
|
(2.99%) |
|
CALL OPTIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Advanced Micro Devices |
|
108 |
|
$(5,142,420 |
) |
$530.00 |
|
08/21/2026 |
|
$(205,200 |
) |
|
|
|
Advanced Micro Devices |
|
2 |
|
(95,230 |
) |
590.00 |
|
08/21/2026 |
|
(1,596 |
) |
|
|
|
Applied Digital Corporation |
|
25 |
|
(68,475 |
) |
31.00 |
|
08/21/2026 |
|
(3,775 |
) |
|
|
|
Applied Digital Corporation |
|
12 |
|
(32,868 |
) |
33.00 |
|
08/21/2026 |
|
(1,248 |
) |
|
|
|
Applied Digital Corporation |
|
1,691 |
|
(4,631,649 |
) |
35.00 |
|
08/21/2026 |
|
(125,134 |
) |
|
|
|
Bitdeer |
|
623 |
|
(655,396 |
) |
14.00 |
|
08/21/2026 |
|
(28,658 |
) |
|
|
|
Bitdeer |
|
5 |
|
(5,260 |
) |
14.50 |
|
08/21/2026 |
|
(300 |
) |
|
|
|
Block, Inc. |
|
3 |
|
(24,372 |
) |
85.00 |
|
08/21/2026 |
|
(1,050 |
) |
|
|
|
Block, Inc. |
|
5 |
|
(40,620 |
) |
87.00 |
|
08/21/2026 |
|
(1,300 |
) |
|
|
|
Block, Inc. |
|
369 |
|
(2,997,756 |
) |
90.00 |
|
08/21/2026 |
|
(66,420 |
) |
|
|
|
Cipher Digital, Inc. |
|
2,157 |
|
(4,814,424 |
) |
23.00 |
|
08/21/2026 |
|
(593,175 |
) |
|
|
|
Cipher Digital, Inc. |
|
31 |
|
(69,192 |
) |
26.00 |
|
08/21/2026 |
|
(5,642 |
) |
|
|
|
Cipher Digital, Inc. |
|
16 |
|
(35,712 |
) |
29.00 |
|
08/21/2026 |
|
(1,568 |
) |
|
|
|
CleanSpark, Inc. |
|
2,250 |
|
(3,096,000 |
) |
15.00 |
|
08/21/2026 |
|
(211,500 |
) |
|
|
|
CleanSpark, Inc. |
|
48 |
|
(66,048 |
) |
17.00 |
|
08/21/2026 |
|
(2,208 |
) |
|
|
|
Coinbase Global, Inc. |
|
8 |
|
(117,008 |
) |
180.00 |
|
08/21/2026 |
|
(1,400 |
) |
|
|
|
Coinbase Global, Inc. |
|
337 |
|
(4,928,962 |
) |
185.00 |
|
08/21/2026 |
|
(53,920 |
) |
|
|
|
Core Scientific, Inc. |
|
1,005 |
|
(2,082,360 |
) |
25.00 |
|
08/21/2026 |
|
(52,260 |
) |
|
|
|
Core Scientific, Inc. |
|
15 |
|
(31,080 |
) |
26.00 |
|
08/21/2026 |
|
(495 |
) |
|
|
|
Core Scientific, Inc. |
|
7 |
|
(14,504 |
) |
27.00 |
|
08/21/2026 |
|
(175 |
) |
|
|
|
Fiserv, Inc. |
|
635 |
|
(3,425,190 |
) |
55.00 |
|
08/21/2026 |
|
(165,100 |
) |
|
|
|
Fiserv, Inc. |
|
9 |
|
(48,546 |
) |
58.00 |
|
08/21/2026 |
|
(1,418 |
) |
|
|
|
Interactive Brokers |
|
2 |
|
(17,598 |
) |
100.00 |
|
08/21/2026 |
|
(100 |
) |
|
|
|
Interactive Brokers |
|
5 |
|
(43,995 |
) |
105.00 |
|
08/21/2026 |
|
(105 |
) |
|
|
|
Interactive Brokers |
|
331 |
|
(2,912,469 |
) |
110.00 |
|
08/21/2026 |
|
(1,655 |
) |
|
|
|
IREN Ltd. |
|
20 |
|
(73,600 |
) |
43.00 |
|
08/21/2026 |
|
(4,080 |
) |
|
|
|
IREN Ltd. |
|
1,451 |
|
(5,339,680 |
) |
45.00 |
|
08/21/2026 |
|
(246,670 |
) |
|
|
|
MARA Holdings, Inc. |
|
4,348 |
|
(4,921,936 |
) |
14.00 |
|
08/21/2026 |
|
(143,484 |
) |
4
QUARTERLY REPORT
REX CRYPTO EQUITY PREMIUM INCOME ETF
Schedule of Options Written - continuedJuly 31, 2026 (unaudited)
|
|
|
Description |
|
Number |
|
Notional Amount |
|
Exercise Price |
|
Expiration Date |
|
Value |
|
|
|
|
Mastercard, Inc. Class A |
|
1 |
|
$(57,310 |
) |
$580.00 |
|
08/21/2026 |
|
$(1,060 |
) |
|
|
|
Mastercard, Inc. Class A |
|
1 |
|
(57,310 |
) |
610.00 |
|
08/21/2026 |
|
(295 |
) |
|
|
|
Mastercard, Inc. Class A |
|
103 |
|
(5,902,930 |
) |
620.00 |
|
08/21/2026 |
|
(18,231 |
) |
|
|
|
Micron Technology, Inc. |
|
1 |
|
(82,303 |
) |
1030.00 |
|
08/21/2026 |
|
(1,725 |
) |
|
|
|
Micron Technology, Inc. |
|
57 |
|
(4,691,271 |
) |
880.00 |
|
08/21/2026 |
|
(296,115 |
) |
|
|
|
Nu Holdings Ltd. |
|
4,197 |
|
(6,014,301 |
) |
16.00 |
|
08/21/2026 |
|
(75,546 |
) |
|
|
|
Nvidia Corp. |
|
287 |
|
(5,761,525 |
) |
220.00 |
|
08/21/2026 |
|
(41,615 |
) |
|
|
|
Nvidia Corp. |
|
6 |
|
(120,450 |
) |
230.00 |
|
08/21/2026 |
|
(342 |
) |
|
|
|
PayPal Holdings, Inc. |
|
1,093 |
|
(6,253,053 |
) |
55.00 |
|
08/21/2026 |
|
(333,365 |
) |
|
|
|
PayPal Holdings, Inc. |
|
7 |
|
(40,047 |
) |
62.00 |
|
08/21/2026 |
|
(252 |
) |
|
|
|
PayPal Holdings, Inc. |
|
16 |
|
(91,536 |
) |
64.00 |
|
08/21/2026 |
|
(288 |
) |
|
|
|
Rambus, Inc. |
|
169 |
|
(1,538,407 |
) |
105.00 |
|
08/21/2026 |
|
(59,150 |
) |
|
|
|
Rambus, Inc. |
|
3 |
|
(27,309 |
) |
110.00 |
|
08/21/2026 |
|
(729 |
) |
|
|
|
Rambus, Inc. |
|
1 |
|
(9,103 |
) |
115.00 |
|
08/21/2026 |
|
(165 |
) |
|
|
|
Riot Platforms, Inc. |
|
1,506 |
|
(3,037,602 |
) |
23.00 |
|
08/21/2026 |
|
(191,262 |
) |
|
|
|
Riot Platforms, Inc. |
|
21 |
|
(42,357 |
) |
26.00 |
|
08/21/2026 |
|
(1,239 |
) |
|
|
|
Riot Platforms, Inc. |
|
11 |
|
(22,187 |
) |
28.00 |
|
08/21/2026 |
|
(352 |
) |
|
|
|
Robinhood Markets, Inc. |
|
499 |
|
(4,319,344 |
) |
105.00 |
|
08/21/2026 |
|
(47,904 |
) |
|
|
|
Robinhood Markets, Inc. |
|
7 |
|
(60,592 |
) |
107.00 |
|
08/21/2026 |
|
(651 |
) |
|
|
|
Strategy, Inc. Class A |
|
11 |
|
(102,608 |
) |
105.00 |
|
08/21/2026 |
|
(3,190 |
) |
|
|
|
Strategy, Inc. Class A |
|
555 |
|
(5,177,040 |
) |
115.00 |
|
08/21/2026 |
|
(70,485 |
) |
|
|
|
Taiwan Semiconductor Manufacturing |
|
128 |
|
(5,174,400 |
) |
450.00 |
|
08/21/2026 |
|
(57,600 |
) |
|
|
|
Taiwan Semiconductor Manufacturing |
|
3 |
|
(121,275 |
) |
460.00 |
|
08/21/2026 |
|
(975 |
) |
|
|
|
TeraWulf, Inc. |
|
29 |
|
(51,214 |
) |
21.00 |
|
08/21/2026 |
|
(2,320 |
) |
|
|
|
TeraWulf, Inc. |
|
2,018 |
|
(3,563,788 |
) |
22.00 |
|
08/21/2026 |
|
(123,098 |
) |
|
|
|
Tesla, Inc. |
|
144 |
|
(4,481,424 |
) |
350.00 |
|
08/21/2026 |
|
(42,624 |
) |
|
|
|
Tesla, Inc. |
|
1 |
|
(31,121 |
) |
360.00 |
|
08/21/2026 |
|
(202 |
) |
|
|
|
Visa, Inc. Class A |
|
1 |
|
(36,613 |
) |
390.00 |
|
08/21/2026 |
|
(136 |
) |
|
|
|
Visa, Inc. Class A |
|
2 |
|
(73,226 |
) |
400.00 |
|
08/21/2026 |
|
(90 |
) |
|
|
|
Visa, Inc. Class A |
|
154 |
|
(5,638,402 |
) |
410.00 |
|
08/21/2026 |
|
(1,540 |
) |
|
|
|
||||||||||||
|
(2.99%) |
|
TOTAL OPTIONS WRITTEN |
|
(3,292,182 |
) |
||||||||
|
|
|
(Premiums Received: $4,579,280) |
|
|
|
||||||||
(A)Non-income producing.
5
QUARTERLY REPORT
REX CRYPTO EQUITY PREMIUM INCOME ETF
Schedule of Options Written - continuedJuly 31, 2026 (unaudited)
In accordance with U.S. GAAP, “fair value” is defined as the price that a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. Various inputs are used in determining the value of a Fund’s investments. U.S. GAAP established a three-tier hierarchy of inputs to establish a classification of fair value measurements for disclosure purposes. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining fair value of investments).
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following summarizes the inputs used to value the Fund’s investments as of July 31, 2026:
|
|
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
|
|
|
|
|
Quoted Prices |
|
Other |
|
Significant |
|
Total |
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
Common Stocks |
|
$108,530,166 |
|
$— |
|
$— |
|
$108,530,166 |
|
|
Money Market Fund |
|
4,951,982 |
|
— |
|
— |
|
4,951,982 |
|
|
|
|
$113,482,148 |
|
$— |
|
$— |
|
$113,482,148 |
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Call Options Written |
|
$(3,292,182 |
) |
$— |
|
$— |
|
$(3,292,182 |
) |
The cost of investments for Federal income tax purposes has been estimated as of July 31, 2026, since the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purposes is $85,822,989, and the related net unrealized appreciation (depreciation) consists of:
|
|
Gross unrealized appreciation |
|
$30,291,748 |
|
|
|
Gross unrealized depreciation |
|
(5,924,771 |
) |
|
|
Net unrealized appreciation (depreciation) |
|
$24,366,977 |
|