Hull
Tactical
US
ETF
Schedule
of
Investments
July
31,
2026
(Unaudited)
ETF
–
Exchange-Traded
Fund
SPDR
-
Standard
&
Poor’s
Depositary
Receipt
EXCHANGE-TRADED
FUNDS
—
80.05%
Shares
Fair
Value
Exchange-Traded
Funds
—
80.05%
SPDR
S&P
500
ETF
Trust
(a)(b)
167,329
$
124,999,783
Total
Exchange-Traded
Funds
(Cost $106,959,360)
124,999,783
U.S.
GOVERNMENT
&
AGENCIES
(c)(d)
—
12.71%
Principal
Amount
United
States
Treasury
Bill,
3.68%,
10/1/2026
$
5,000,000
4,969,857
United
States
Treasury
Bill,
3.69%,
10/15/2026
10,000,000
9,925,428
United
States
Treasury
Bill,
3.70%,
10/29/2026
5,000,000
4,955,382
Total
U.S.
Government
&
Agencies
(Cost $19,850,481)
19,850,667
Description
Number
of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Fair
Value
PURCHASED
CALL
OPTIONS
—
0.12%
S&P
500
Index
20
$
14,979,440
$
7,650.00
August
2026
85,500
S&P
500
Index
20
14,979,440
7,635.00
August
2026
95,900
S&P
500
Index
20
14,979,440
7,900.00
September
2026
14,100
Total
Purchased
Call
Options
(Cost
$180,573)
195,500
PURCHASED
PUT
OPTIONS
—
0.03%
S&P
500
Index
10
7,489,720
6,905.00
August
2026
16,400
S&P
500
Index
10
7,489,720
7,105.00
August
2026
29,150
Total
Purchased
Put
Options
(Cost
$104,913)
45,550
Total
Purchased
Options
(Cost
$285,486)
241,050
Total
Investments
—
92.91%
(Cost
$127,095,327)
145,091,500
Other
Assets
in
Excess
of
Liabilities
—
7.09%
11,068,459
Net
Assets
—
100.00%
$
156,159,959
(a)
Securities,
or
a
portion
thereof,
have
been
pledged
as
collateral
on
open
future
contracts
and/or
written
options
contracts.
The
total
collateral
pledged
is
$125,181,907.
(b)
Represents
an
investment
greater
than
25%
of
the
Fund’s
net
assets.
Performance
of
the
Fund
may
be
adversely
impacted
by
concentrated
investments
in
securities.
As
of
July
31,
2026,
the
percentage
of
net
assets
invested
in
SPDR
S&P
500
ETF
Trust
was
80.05%
of
the
Fund.
The
financial
statements
and
portfolio
holdings
for
this
security
can
be
found
at
www.sec.gov.
(c)
The
rate
shown
represents
effective
yield
at
time
of
purchase.
(d)
Non-income
producing
security.
Hull
Tactical
US
ETF
Schedule
of
Open
Written
Option
Contracts
July
31,
2026
(Unaudited)
Description
Number
of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Fair
Value
Written
Put
Options
(
0.04)%
S&P
500
Index
(30)
$
(22,469,160)
$
7,020.00
August
2026
$
(67,800)
Total
Written
Put
Options
(Premiums
Received
$157,513)
(67,800)
Total
Written
Options
(Premiums
Received
$157,513)
$
(67,800)
Hull
Tactical
US
ETF
Schedule
of
Futures
Contracts
July
31,
2026
(Unaudited)
Contracts
Expiration
Date
Notional
Value
Value
Value
and
Unrealized
Appreciation
(Depreciation)
LONG
CONTRACTS
Cboe
Volatility
Index
Future
265
October
2026
$
5,422,059
$
5,380,799
$
(41,260)
Cboe
Volatility
Index
Future
202
November
2026
4,234,078
4,189,884
(44,194)
CME
E-Mini
S&P
500
Index
Future
150
September
2026
55,823,414
56,394,375
570,961
485,507
SHORT
CONTRACTS
Cboe
Volatility
Index
Future
(131)
August
2026
$
(2,440,406)
$
(2,371,703)
$
68,703
Cboe
Volatility
Index
Future
(126)
September
2026
(2,495,341)
(2,425,487)
69,854
138,557
Total
Futures
$
624,064