Bluemonte
Large Cap Core ETF
Schedule of Investments
July 31, 2026 (Unaudited)
| Description | Shares | Fair Value | ||||||
| EXCHANGE-TRADED FUNDS — 99.3% | ||||||||
| Domestic Equity — 99.3% | ||||||||
| iShares Morningstar U.S. Equity ETF | 649,201 | $ | 67,107,907 | |||||
| State Street SPDR Portfolio S&P 500 ETF† | 1,546,091 | 135,901,399 | ||||||
| Vanguard Growth ETF† | 1,350,786 | 115,086,967 | ||||||
| Vanguard Value ETF | 77,628 | 17,074,279 | ||||||
| 335,170,552 | ||||||||
| Total Exchange-Traded Funds | ||||||||
| (Cost $290,968,144) | 335,170,552 | |||||||
| Total Investments - 99.3% | ||||||||
| (Cost $290,968,144) | $ | 335,170,552 | ||||||
Percentages are based on Net Assets of $337,507,335.
| † | Represents greater than 25% of the Fund’s total investments. For further financial information, please go to the Securities & Exchange Commission's website at https://www.sec.gov. |
| ETF — Exchange-Traded Fund |
| S&P— Standard & Poor's |
| SPDR — Standard & Poor's Depositary Receipts |
BLU-QH-001-0300
Bluemonte
Large Cap Growth ETF
Schedule of Investments
July 31, 2026 (Unaudited)
| Description | Shares | Fair Value | ||||||
| EXCHANGE-TRADED FUNDS — 99.2% | ||||||||
| Domestic Equity — 99.2% | ||||||||
| Schwab U.S. Large-Cap Growth ETF† | 2,085,193 | $ | 71,251,045 | |||||
| State Street SPDR Portfolio S&P 500 ETF | 287,437 | 25,265,712 | ||||||
| State Street SPDR Portfolio S&P 500 Growth ETF† | 1,234,054 | 144,557,086 | ||||||
| Vanguard Russell 1000 Growth ETF | 277,383 | 33,815,761 | ||||||
| 274,889,604 | ||||||||
| Total Exchange-Traded Funds | ||||||||
| (Cost $235,050,072) | 274,889,604 | |||||||
| Total Investments - 99.2% | ||||||||
| (Cost $235,050,072) | $ | 274,889,604 | ||||||
Percentages are based on Net Assets of $276,993,906.
| † | Represents greater than 25% of the Fund’s total investments. For further financial information, please go to the Securities & Exchange Commission's website at https://www.sec.gov. |
| ETF — Exchange-Traded Fund |
| S&P— Standard & Poor's |
| SPDR — Standard & Poor's Depositary Receipts |
BLU-QH-001-0300
Bluemonte
Large Cap Value ETF
Schedule of Investments
July 31, 2026 (Unaudited)
| Description | Shares | Fair Value | ||||||
| EXCHANGE-TRADED FUNDS — 99.2% | ||||||||
| Domestic Equity — 99.2% | ||||||||
| Schwab U.S. Large-Cap Value ETF† | 2,457,336 | $ | 83,721,438 | |||||
| State Street SPDR Portfolio S&P 500 ETF | 487,234 | 42,827,869 | ||||||
| State Street SPDR Portfolio S&P 500 Value ETF† | 1,522,435 | 94,482,316 | ||||||
| Vanguard Russell 1000 Value ETF | 533,632 | 58,923,645 | ||||||
| 279,955,268 | ||||||||
| Total Exchange-Traded Funds | ||||||||
| (Cost $237,981,517) | 279,955,268 | |||||||
| Total Investments - 99.2% | ||||||||
| (Cost $237,981,517) | $ | 279,955,268 | ||||||
Percentages are based on Net Assets of $282,077,932.
| † | Represents greater than 25% of the Fund’s total investments. For further financial information, please go to the Securities & Exchange Commission's website at https://www.sec.gov. |
| ETF — Exchange-Traded Fund |
| S&P— Standard & Poor's |
| SPDR — Standard & Poor's Depositary Receipts |
BLU-QH-001-0300
Bluemonte
Dynamic Total Market ETF
Schedule of Investments
July 31, 2026 (Unaudited)
| Description | Shares | Fair Value | ||||||
| EXCHANGE-TRADED FUNDS — 99.8% | ||||||||
| Domestic Equity — 99.8% | ||||||||
| iShares Morningstar Small-Cap Value ETF | 1,120,937 | $ | 89,103,282 | |||||
| Schwab U.S. Small-Cap ETF | 884,626 | 29,688,048 | ||||||
| State Street SPDR Portfolio S&P 500 ETF† | 3,128,751 | 275,017,213 | ||||||
| Vanguard Russell 2000 ETF† | 1,500,394 | 176,641,386 | ||||||
| 570,449,929 | ||||||||
| Total Exchange-Traded Funds | ||||||||
| (Cost $488,867,313) | 570,449,929 | |||||||
| Total Investments - 99.8% | ||||||||
| (Cost $488,867,313) | $ | 570,449,929 | ||||||
Percentages are based on Net Assets of $571,403,027.
| † | Represents greater than 25% of the Fund’s total investments. For further financial information, please go to the Securities & Exchange Commission's website at https://www.sec.gov. |
| ETF — Exchange-Traded Fund |
| S&P— Standard & Poor's |
| SPDR — Standard & Poor's Depositary Receipts |
BLU-QH-001-0300
Bluemonte
Global Equity ETF
Schedule of Investments
July 31, 2026 (Unaudited)
| Description | Shares | Fair Value | ||||||
| EXCHANGE-TRADED FUNDS — 99.3% | ||||||||
| Domestic Equity — 29.0% | ||||||||
| State Street SPDR Portfolio S&P 500 ETF† | 1,355,770 | $ | 119,172,183 | |||||
| International Equity — 70.3% | ||||||||
| iShares Core MSCI Emerging Markets ETF | 1,077,156 | 83,598,077 | ||||||
| State Street SPDR Portfolio Developed World ex-US ETF† | 2,459,567 | 123,125,924 | ||||||
| Vanguard FTSE Developed Markets ETF | 1,165,273 | 82,291,579 | ||||||
| 289,015,580 | ||||||||
| Total Exchange-Traded Funds | ||||||||
| (Cost $360,181,751) | 408,187,763 | |||||||
| Total Investments - 99.3% | ||||||||
| (Cost $360,181,751) | $ | 408,187,763 | ||||||
Percentages are based on Net Assets of $410,911,355.
| † | Represents greater than 25% of the Fund’s total investments. For further financial information, please go to the Securities & Exchange Commission's website at https://www.sec.gov. |
| ETF — Exchange-Traded Fund |
| FTSE — Financial Times Stock Exchange |
| S&P— Standard & Poor's |
| SPDR — Standard & Poor's Depositary Receipts |
BLU-QH-001-0300
Bluemonte
Core Bond ETF
Schedule of Investments
July 31, 2026 (Unaudited)
| Description | Shares | Fair Value | ||||||
| EXCHANGE-TRADED FUNDS — 99.9% | ||||||||
| Domestic Fixed Income — 99.9% | ||||||||
| iShares Core U.S. Aggregate Bond ETF† | 1,975,313 | $ | 192,336,227 | |||||
| iShares MBS ETF | 780,447 | 72,519,135 | ||||||
| Schwab Intermediate-Term U.S. Treasury ETF† | 4,920,898 | 120,119,120 | ||||||
| State Street SPDR Portfolio Corporate Bond ETF | 1,677,396 | 47,705,142 | ||||||
| Vanguard Long-Term Bond ETF | 347,821 | 22,949,230 | ||||||
| Vanguard Short-Term Corporate Bond ETF | 310,979 | 24,449,169 | ||||||
| 480,078,023 | ||||||||
| Total Exchange-Traded Funds | ||||||||
| (Cost $490,265,962) | 480,078,023 | |||||||
| Total Investments - 99.9% | ||||||||
| (Cost $490,265,962) | $ | 480,078,023 | ||||||
Percentages are based on Net Assets of $480,749,316.
| † | Represents greater than 25% of the Fund’s total investments. For further financial information, please go to the Securities & Exchange Commission's website at https://www.sec.gov. |
| ETF — Exchange-Traded Fund |
| MBS — Mortgage-Backed Security |
| SPDR — Standard & Poor's Depositary Receipts |
BLU-QH-001-0300
Bluemonte
Short Term Bond ETF
Schedule of Investments
July 31, 2026 (Unaudited)
| Description | Shares | Fair Value | ||||||
| EXCHANGE-TRADED FUNDS — 99.6% | ||||||||
| Domestic Fixed Income — 99.6% | ||||||||
| iShares Core U.S. Aggregate Bond ETF | 427,454 | $ | 41,621,196 | |||||
| Vanguard Short-Term Bond ETF† | 1,180,438 | 91,578,380 | ||||||
| Vanguard Short-Term Corporate Bond ETF | 424,892 | 33,405,009 | ||||||
| 166,604,585 | ||||||||
| Total Exchange-Traded Funds | ||||||||
| (Cost $168,748,305) | 166,604,585 | |||||||
| Total Investments - 99.6% | ||||||||
| (Cost $168,748,305) | $ | 166,604,585 | ||||||
Percentages are based on Net Assets of $167,346,411.
| † | Represents greater than 25% of the Fund’s total investments. For further financial information, please go to the Securities & Exchange Commission's website at https://www.sec.gov. |
| ETF — Exchange-Traded Fund |
BLU-QH-001-0300
Bluemonte
Long Term Bond ETF
Schedule of Investments
July 31, 2026 (Unaudited)
| Description | Shares | Fair Value | ||||||
| EXCHANGE-TRADED FUNDS — 99.7% | ||||||||
| Domestic Fixed Income — 99.7% | ||||||||
| iShares Core U.S. Aggregate Bond ETF† | 430,282 | $ | 41,896,558 | |||||
| Vanguard Long-Term Bond ETF† | 1,575,688 | 103,963,894 | ||||||
| Vanguard Long-Term Corporate Bond ETF | 222,722 | 16,033,757 | ||||||
| 161,894,209 | ||||||||
| Total Exchange-Traded Funds | ||||||||
| (Cost $168,827,053) | 161,894,209 | |||||||
| Total Investments - 99.7% | ||||||||
| (Cost $168,827,053) | $ | 161,894,209 | ||||||
Percentages are based on Net Assets of $162,310,992.
| † | Represents greater than 25% of the Fund’s total investments. For further financial information, please go to the Securities & Exchange Commission's website at https://www.sec.gov. |
| ETF — Exchange-Traded Fund |
BLU-QH-001-0300
Bluemonte
Diversified Income ETF
Schedule of Investments
July 31, 2026 (Unaudited)
| Description | Shares | Fair Value | ||||||
| EXCHANGE-TRADED FUNDS — 99.5% | ||||||||
| Domestic Equity — 21.3% | ||||||||
| Cohen & Steers Real Estate Active ETF | 407,895 | $ | 11,918,692 | |||||
| Global X MLP ETF | 194,318 | 11,029,490 | ||||||
| 22,948,182 | ||||||||
| Domestic Fixed Income — 78.2% | ||||||||
| Cohen & Steers Preferred and Income Opportunities Active ETF | 408,551 | 10,593,727 | ||||||
| First Trust Senior Loan ETF | 236,044 | 10,581,853 | ||||||
| MFS Active Core Plus Bond ETF | 851,580 | 20,906,289 | ||||||
| PIMCO Active Bond Exchange-Traded Fund | 230,664 | 20,872,785 | ||||||
| State Street SPDR Bloomberg High Yield Bond ETF | 222,369 | 21,276,266 | ||||||
| 84,230,920 | ||||||||
| Total Exchange-Traded Funds | ||||||||
| (Cost $105,701,739) | 107,179,102 | |||||||
| Total Investments - 99.5% | ||||||||
| (Cost $105,701,739) | $ | 107,179,102 | ||||||
Percentages are based on Net Assets of $107,763,617.
| ETF — Exchange-Traded Fund |
| MLP — Master Limited Partnership |
| SPDR — Standard & Poor's Depositary Receipts |
BLU-QH-001-0300