1
QUARTERLY REPORT
TUTTLE CAPITAL MEMORY STACK INCOME BLAST ETF
Schedule of InvestmentsJuly 31, 2026 (unaudited)
|
|
|
|
|
Principal |
|
Value |
|
107.93% |
|
US TREASURY BILLS(A) (B) |
|
|
|
|
|
|
|
US Treasury Bill 09/03/2026 3.569% |
|
$6,745,000 |
|
$6,724,060 |
|
|
|
|
|
|
|
|
|
107.93% |
|
TOTAL US TREASURY BILLS |
|
6,724,060 |
||
|
|
|
(Cost: $6,722,650) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
Value |
|
10.93% |
|
MONEY MARKET FUND |
|
|
|
|
|
|
|
First American Money Market Funds - Class X 3.583%(C) |
|
680,848 |
|
$680,848 |
|
|
|
(Cost: $680,848) |
|
|
|
|
|
15.13% |
|
OPTIONS PURCHASED(B)(D) |
|
|
|
Description |
Number of Contracts |
Notional Amount |
|
Exercise Price |
|
Expiration Date |
Value |
|
|
13.84% |
|
CALL OPTIONS |
|
|
|
|
|
|
|
|
|
|
|
Amkor Technology, Inc. |
58 |
$289,246 |
|
$65.00 |
|
01/15/27 |
$45,820 |
|
|
|
|
Applied Materials, Inc. |
8 |
406,136 |
|
620.00 |
|
11/20/26 |
43,140 |
|
|
|
|
FormFactor, Inc. |
20 |
212,400 |
|
130.00 |
|
01/15/27 |
46,200 |
|
|
|
|
Lam Research Corp. |
17 |
498,134 |
|
370.00 |
|
11/20/26 |
53,890 |
|
|
|
|
Onto Innovation, Inc. |
17 |
439,586 |
|
320.00 |
|
12/18/26 |
72,420 |
|
|
|
|
Penguin Solutions, Inc. |
31 |
163,153 |
|
60.00 |
|
01/15/27 |
44,020 |
|
|
|
|
Rambus, Inc. |
29 |
263,987 |
|
150.00 |
|
11/20/26 |
15,718 |
|
|
|
|
Roundhill Memory ETF |
560 |
2,820,720 |
|
60.00 |
|
11/20/26 |
399,280 |
|
|
|
|
Silicon Motion Technology Corp. |
9 |
228,240 |
|
270.00 |
|
12/18/26 |
50,490 |
|
|
|
|
Western Digital Corp. |
7 |
381,388 |
|
520.00 |
|
11/20/26 |
91,000 |
|
|
|
|
TOTAL CALL OPTIONS |
861,978 |
|
||||||
|
|
|
(Cost: $2,146,207) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
QUARTERLY REPORT
TUTTLE CAPITAL MEMORY STACK INCOME BLAST ETF
Schedule of Investments - continuedJuly 31, 2026 (unaudited)
|
|
|
Description |
Number of Contracts |
Notional Amount |
|
Exercise Price |
|
Expiration Date |
Value |
|
|
1.29% |
|
PUT OPTIONS |
|
|
|
|
|
|
|
|
|
|
|
Amkor Technology, Inc. |
58 |
289,246 |
|
$40.00 |
|
08/21/26 |
$6,206 |
|
|
|
|
Applied Materials, Inc. |
8 |
406,136 |
|
445.00 |
|
08/07/26 |
3,720 |
|
|
|
|
FormFactor, Inc. |
20 |
212,400 |
|
80.00 |
|
08/21/26 |
3,600 |
|
|
|
|
Lam Research Corp. |
17 |
498,134 |
|
260.00 |
|
08/07/26 |
6,375 |
|
|
|
|
Onto Innovation, Inc. |
17 |
439,586 |
|
230.00 |
|
08/21/26 |
26,690 |
|
|
|
|
Penguin Solutions, Inc. |
31 |
163,153 |
|
45.00 |
|
08/21/26 |
7,750 |
|
|
|
|
Rambus, Inc. |
29 |
263,987 |
|
70.00 |
|
08/21/26 |
3,741 |
|
|
|
|
Roundhill Memory ETF |
560 |
2,820,720 |
|
33.00 |
|
08/14/26 |
10,640 |
|
|
|
|
Silicon Motion Technology Corp. |
9 |
228,240 |
|
230.00 |
|
08/21/26 |
9,900 |
|
|
|
|
Western Digital Corp. |
7 |
381,388 |
|
370.00 |
|
08/14/26 |
1,750 |
|
|
|
|
TOTAL PUT OPTIONS |
80,372 |
|
||||||
|
|
|
(Cost: $107,316) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15.13% |
|
TOTAL OPTIONS PURCHASED |
942,350 |
|
||||||
|
|
|
(Cost: $2,253,523) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
133.98% |
|
TOTAL INVESTMENTS |
8,347,258 |
|
||||||
|
|
|
(Cost: $9,657,021) |
|
|
|
|
|
|
|
|
|
(33.98% |
) |
Liabilities in excess of other assets |
(2,117,061 |
) |
||||||
|
100.00% |
|
NET ASSETS |
$6,230,197 |
|
||||||
(A)Zero coupon security. The rate shown is the annualized yield-to-maturity on the date of July 31, 2026.
(B) All or a portion of the security is held as collateral for options written.
(C)Effective 7 day yield as of July 31, 2026.
(D)Non-income producing.
3
QUARTERLY REPORT
TUTTLE CAPITAL MEMORY STACK INCOME BLAST ETF
Schedule of Options WrittenJuly 31, 2026 (unaudited)
|
(33.30%) |
|
OPTIONS WRITTEN(A) |
|
|
|
Description |
Number of Contracts |
Notional Amount |
|
Exercise Price |
|
Expiration Date |
Value |
|
|
(33.30%) |
|
PUT OPTIONS |
|
|
|
|
|
|
|
|
|
|
|
Amkor Technology, Inc. |
58 |
$(289,246) |
|
$50.00 |
|
08/21/26 |
$(24,360 |
) |
|
|
|
Amkor Technology, Inc. |
58 |
(289,246) |
|
65.00 |
|
01/15/27 |
(122,380 |
) |
|
|
|
Applied Materials, Inc. |
8 |
(406,136) |
|
455.00 |
|
08/07/26 |
(5,000 |
) |
|
|
|
Applied Materials, Inc. |
8 |
(406,136) |
|
620.00 |
|
11/20/26 |
(125,980 |
) |
|
|
|
FormFactor, Inc. |
20 |
(212,400) |
|
130.00 |
|
01/15/27 |
(86,300 |
) |
|
|
|
FormFactor, Inc. |
20 |
(212,400) |
|
90.00 |
|
08/21/26 |
(7,780 |
) |
|
|
|
Lam Research Corp. |
17 |
(498,134) |
|
270.00 |
|
08/07/26 |
(10,455 |
) |
|
|
|
Lam Research Corp. |
17 |
(498,134) |
|
370.00 |
|
11/20/26 |
(171,488 |
) |
|
|
|
Onto Innovation, Inc. |
17 |
(439,586) |
|
240.00 |
|
08/21/26 |
(31,280 |
) |
|
|
|
Onto Innovation, Inc. |
17 |
(439,586) |
|
320.00 |
|
12/18/26 |
(169,745 |
) |
|
|
|
Penguin Solutions, Inc. |
31 |
(163,153) |
|
55.00 |
|
08/21/26 |
(22,630 |
) |
|
|
|
Penguin Solutions, Inc. |
31 |
(163,153) |
|
60.00 |
|
01/15/27 |
(63,705 |
) |
|
|
|
Rambus, Inc. |
29 |
(263,987) |
|
80.00 |
|
08/21/26 |
(8,700 |
) |
|
|
|
Rambus, Inc. |
29 |
(263,987) |
|
150.00 |
|
11/20/26 |
(180,090 |
) |
|
|
|
Roundhill Memory ETF |
560 |
(2,820,720) |
|
40.00 |
|
08/14/26 |
(44,800 |
) |
|
|
|
Roundhill Memory ETF |
560 |
(2,820,720) |
|
60.00 |
|
11/20/26 |
(856,800 |
) |
|
|
|
Silicon Motion Technology Corp. |
9 |
(228,240) |
|
240.00 |
|
08/21/26 |
(13,680 |
) |
|
|
|
Silicon Motion Technology Corp. |
9 |
(228,240) |
|
270.00 |
|
12/18/26 |
(61,110 |
) |
|
|
|
Western Digital Corp. |
7 |
(381,388) |
|
380.00 |
|
08/14/26 |
(1,974 |
) |
|
|
|
Western Digital Corp. |
7 |
(381,388) |
|
520.00 |
|
11/20/26 |
(66,353 |
) |
|
|
|
TOTAL PUT OPTIONS |
(2,074,610 |
) |
||||||
|
|
|
(Premiums Received: $1,595,227) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(33.30%) |
|
TOTAL OPTIONS WRITTEN |
$(2,074,610 |
) |
||||||
|
|
|
(Premiums Received: $1,595,227) |
|
|
|
|
|
|
|
|
(A)Non-income producing.
4
QUARTERLY REPORT
TUTTLE CAPITAL MEMORY STACK INCOME BLAST ETF
Schedule of Options WrittenJuly 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 Observable Inputs |
|
Significant Unobservable Inputs |
|
Total |
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
US Treasury Bills |
|
$— |
|
$6,724,060 |
|
$— |
|
$6,724,060 |
|
|
Money Market Fund |
|
680,848 |
|
— |
|
— |
|
680,848 |
|
|
Options Purchased |
|
942,350 |
|
— |
|
— |
|
942,350 |
|
|
|
|
$1,623,198 |
|
$6,724,060 |
|
$— |
|
$8,347,258 |
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Options Written |
|
$(2,074,610 |
) |
$— |
|
$— |
|
$(2,074,610 |
) |
|
|
|
$(2,074,610 |
) |
$— |
|
$— |
|
$(2,074,610 |
) |
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 $8,061,794, and the related net unrealized appreciation (depreciation) consists of:
|
|
Gross unrealized appreciation |
|
$101,449 |
|
|
|
Gross unrealized depreciation |
|
(1,890,595 |
) |
|
|
Net unrealized appreciation (depreciation) |
|
$(1,789,146 |
) |