Quarterly Report | July 31, 20261
IDX ETF FundsIDX Alternative FIAT ETF
Consolidated Schedule of InvestmentsJuly 31, 2026 (unaudited)
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Shares |
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Value |
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EXCHANGE TRADED FUNDS - 1.18% |
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Commodity - 1.18% |
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iShares Bitcoin Trust ETF(a) |
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2,000 |
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$71,280 |
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iShares Ethereum Trust ETF(a) |
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|
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2,800 |
|
39,396 |
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iShares Silver Trust(a) |
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|
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1,800 |
|
94,248 |
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SPDR Gold MiniShares Trust(a) |
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2,400 |
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192,336 |
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TOTAL EXCHANGE TRADED FUNDS - 1.18% - (Cost: $483,720) |
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Short-Term Investments - 80.97% |
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Shares |
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Coupon |
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Money Market Fund - 80.97% |
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First American Government Obligations Fund, Class X(a)(b)(c) |
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27,306,557 |
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3.583 |
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Total Short-Term Investments - (Cost: $27,306,557) |
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27,306,557 |
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Total Investments - 82.14% - (Cost: $27,790,277) |
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Net Assets - 100.00% |
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(a)All or a portion of this investment is a holding of IDX Alternative FIAT (Cayman) Portfolio S.P.
(b)Fair value of this security exceeds 25% of the Fund’s total investments. Additional information for this security, including the financial statements, is available from the SEC’s EDGAR database at www.sec.gov.
(c)Variable rate security; the rate shown represents the seven day effective yield at July 31, 2026.
2(216) 329-4271 | www.idx-funds.com
IDX ETF FundsIDX Alternative FIAT ETF
Consolidated Schedule of Open Future Contracts July 31, 2026 (unaudited)
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Number of Contracts |
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Expiration Date |
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Notional Value |
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Unrealized Appreciation |
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Unrealized (Depreciation) |
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Purchase Contracts |
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||||||||||
|
BTCQ6(a) |
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29 |
|
8/28/26 |
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$9,153,850 |
|
$— |
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$(296,677 |
) |
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DCRQ6(a) |
|
31 |
|
8/28/26 |
|
2,901,600 |
|
— |
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(129,391 |
) |
|
GCZ6(a) |
|
46 |
|
12/29/26 |
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18,892,200 |
|
41,859 |
|
— |
|
|
SIU6(a) |
|
27 |
|
9/28/26 |
|
7,801,110 |
|
— |
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(636,854 |
) |
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Total Purchase Contracts |
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38,748,760 |
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41,859 |
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(1,062,922 |
) |
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Total Futures Contracts |
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41,859 |
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(1,062,922 |
) |
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Net Unrealized Depreciation |
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$(1,021,064 |
) |
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(a)All or a portion of this investment is a holding of IDX Alternative FIAT (Cayman) Portfolio S.P.
Quarterly Report | July 31, 20263
IDX ETF FundsIDX Alternative FIAT ETF
Consolidated Schedule of Open Future Contracts July 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 anindication 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:
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Assets: |
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Investments |
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Exchange Traded Funds(a) |
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$397,260 |
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$— |
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$— |
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$397,260 |
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Short-Term Investments |
|
27,306,557 |
|
— |
|
— |
|
27,306,557 |
|
|
|
|
$27,703,817 |
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$— |
|
$— |
|
$27,703,817 |
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Other Financial Instruments(b) |
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|
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Unrealized appreciation of open futures contracts |
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$41,859 |
|
$— |
|
$— |
|
$41,859 |
|
|
|
|
$27,745,676 |
|
$— |
|
$— |
|
$27,745,676 |
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Liabilities:(b) |
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Other Financial Instruments(b) |
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Unrealized depreciation of open futures contracts |
|
$(1,062,922 |
) |
$— |
|
$— |
|
$(1,062,922 |
) |
|
|
|
$(1,062,922 |
) |
$— |
|
$— |
|
$(1,062,922 |
) |
The cost of investments for Federal income tax purposes has been estimated a/o July 31, 2026, since the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purposes is $27,790,277, and the related net unrealized appreciation (depreciation) consists of:
|
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Gross unrealized appreciation |
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$16,308 |
|
|
|
Gross unrealized depreciation |
|
(102,768 |
) |
|
|
Net unrealized appreciation (depreciation) |
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|
(a)For a detailed break-out of Exchange Traded Funds by industry, please refer to the consolidated Schedule of Investments.
(b)Other financial instruments are derivative financial instruments not reflected in the Schedule of Investments, such as future contracts. These contracts are valued at the unrealized appreciation/(depreciation) on the instrument.