Soundwatch Hedged Equity ETF

Schedule of Investments

July 31, 2026 (Unaudited)

EXCHANGE TRADED FUNDS - 97.1%

Shares

Value

iShares Core S&P 500 ETF (a)(b)

208,648

$        156,552,768

TOTAL EXCHANGE TRADED FUNDS (Cost $52,351,020)

156,552,768

PURCHASED OPTIONS - 1.0% (c)

Notional Amount

Contracts

Value

Call Options - 0.1%

S&P 500 Index, Expiration: 12/31/2026; Exercise Price: $7,570.00 (d)(e)

4,493,832

6

186,780

Put Options - 0.9%

S&P 500 Index, Expiration: 09/30/2026; Exercise Price: $7,120.00 (d)(e)

161,028,980

215

1,474,900

TOTAL PURCHASED OPTIONS (Cost $2,353,038)

1,661,680

SHORT-TERM INVESTMENTS

MONEY MARKET FUNDS - 2.4%

Shares

Value

First American Government Obligations Fund - Class X, 3.58% (f)

3,817,233

3,817,233

TOTAL MONEY MARKET FUNDS (Cost $3,817,233)

3,817,233

TOTAL INVESTMENTS - 100.5% (Cost $58,521,291)

162,031,681

Liabilities in Excess of Other Assets - (0.5)%

(0.00454)

(731,764)

TOTAL NET ASSETS - 100.0%

$        161,299,917

Percentages are stated as a percent of net assets.

(a)						Fair value of this security exceeds 25% of the Fund’s net assets.  Additional information for this security, including the financial statements, is available from the SEC’s EDGAR database at www.sec.gov.
(b)						All or a portion of the security has been pledged as collateral for written options. The fair value of assets committed as collateral as of July 31, 2026 was $50,721,632.
(c)						Non-income producing security.
(d)						Exchange-traded.
(e)						100 shares per contract.
(f)						The rate shown represents the 7-day annualized yield as of July 31, 2026.

Soundwatch Hedged Equity ETF
Schedule of Written Options
July 31, 2026 (Unaudited)
WRITTEN OPTIONS - (0.6)%			Notional Amount						Contracts						Value
Call Options - (0.2)%
S&P 500 Index, Expiration: 09/30/2026; Exercise Price: $8,010.00 (a)(b)			$        (161,028,980)						(215)						$        (294,550)
Put Options - (0.4)%
S&P 500 Index (a)(b)
Expiration: 09/30/2026; Exercise Price: $6,520.00			(161,028,980)						(215)						(512,775)
Expiration: 12/31/2026; Exercise Price: $7,570.00			(4,493,832)						(6)						(167,040)
Total Put Options															(679,815)
TOTAL WRITTEN OPTIONS (Premiums received $2,123,679)															$        (974,365)
Percentages are stated as a percent of net assets.

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(a)						Exchange-traded.
(b)						100 shares per contract.

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Summary of Fair Value Disclosure as of July 31, 2026 (Unaudited)

Soundwatch Hedged Equity ETF has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund’s securities as of July 31, 2026:

Level 1

Level 2

Level 3

Total

Assets:

Investments:

Exchange Traded Funds

$        156,552,768

$        –

$        –

$        156,552,768

Purchased Options

–

1,661,680

–

1,661,680

Money Market Funds

3,817,233

–

–

3,817,233

Total Investments

$        160,370,001

$        1,661,680

$        –

$        162,031,681

Liabilities:

Investments:

Written Options

$        –

$        (974,365)

$        –

$        (974,365)

Total Investments

$        –

$        (974,365)

$        –

$        (974,365)

						Refer to the Schedule of Investments for further disaggregation of investment categories.