Alexis Practical Tactical ETF
Schedule of Investments
August 31, 2026 (Unaudited)

EXCHANGE TRADED FUNDS - 78.7%

Shares  

Value  
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

            10,140

    $        1,808,875
Invesco QQQ Trust Series 1

            6,795

             4,870,384
Invesco S&P 500 Equal Weight ETF

            48,009

             10,532,695
iShares 0-5 Year High Yield Corporate Bond ETF

            56,510

             2,391,503
iShares Expanded Tech-Software Sector ETF (a)

            14,914

             1,640,242
iShares Flexible Income Active ETF

            189,461

             9,842,499
iShares Global 100 ETF

            26,706

             3,849,670
iShares MSCI Emerging Markets ETF

            82,224

             5,510,652
iShares MSCI International Momentum Factor ETF

            152,153

             8,103,669
iShares MSCI USA Momentum Factor ETF

            26,891

             8,076,981
iShares Russell 1000 Value ETF

            40,914

             10,511,216
JPMorgan Ultra-Short Income ETF

            189,445

             9,574,550
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund

            94,468

             9,519,540
PIMCO Multisector Bond Active ETF

            375,777

             9,834,084
State Street Industrial Select Sector SPDR ETF

            15,055

             2,636,582
State Street SPDR Dow Jones REIT ETF

            89,027

             9,973,695
State Street SPDR S&P MidCap 400 ETF Trust

            13,398

             9,206,168
VanEck Gold Miners ETF (a)

            21,638

             2,131,559
VanEck Semiconductor ETF

            7,192

             4,003,283
Vanguard Dividend Appreciation ETF

            39,802

             9,634,870
Vanguard Morningstar Mega Cap Growth ETF

            101,205

             9,098,329
Xtrackers MSCI EAFE Hedged Equity ETF

            144,019

             8,027,619
TOTAL EXCHANGE TRADED FUNDS (Cost $135,055,996)

             150,778,665






COMMON STOCKS - 18.8%

Shares  

Value  
Communications - 2.3%

Alphabet, Inc. - Class A

            5,303

             1,799,573
Meta Platforms, Inc. - Class A

            2,150

             1,230,531
Space Exploration Technologies Corp. - Class A (a)(b)

            10,126

             1,455,005




             4,485,109






Consumer Discretionary - 2.6%

Home Depot, Inc.

            2,810

             921,202
Marriott International, Inc. - Class A

            4,032

             1,377,977
Tesla, Inc. (b)

            3,923

             1,443,468
TJX Cos., Inc.

            9,944

             1,331,601




             5,074,248






Consumer Staples - 1.0%

Costco Wholesale Corp.

            1,004

             947,666
Walmart, Inc. (a)

            8,536

             895,170




             1,842,836






Financials - 1.7%

Charles Schwab Corp. (a)

            10,042

             1,102,812
Morgan Stanley

            4,518

             963,780
Visa, Inc. - Class A

            3,026

             1,147,974




             3,214,566






Health Care - 1.8%

Amgen, Inc.

            3,054

             1,312,853
Eli Lilly & Co.

            960

             1,110,461
Johnson & Johnson

            3,514

             934,197






             3,357,511






Industrials - 2.6%

Boeing Co. (b)

            5,020

             1,043,056
Caterpillar, Inc.

            2,390

             1,905,953
General Electric Co.

            3,054

             1,025,258
United Rentals, Inc.

            902

             936,276




             4,910,543






Materials - 1.3%

Freeport-McMoRan, Inc.

            32,783

             2,482,984






Technology - 5.5%

Apple, Inc.

            5,470

             1,733,170
Applied Materials, Inc.

            4,255

             1,950,449
Cisco Systems, Inc.

            8,757

             967,561
International Business Machines Corp.

            6,614

             1,546,816
Microsoft Corp.

            4,108

             2,083,947
NVIDIA Corp. (a)

            10,216

             2,255,489




             10,537,432
TOTAL COMMON STOCKS (Cost $28,319,035)

             35,905,229






SHORT-TERM INVESTMENTS
U.S. TREASURY BILLS - 1.6%
Par  

Value  
3.44%, 10/29/2026 (c)(d)

             3,000,000

             2,981,896
TOTAL U.S. TREASURY BILLS (Cost $2,983,808)

             2,981,896






TOTAL INVESTMENTS - 99.1% (Cost $166,358,839)

             189,665,790
Money Market Deposit Account - 1.1% (e)

             2,095,938
Liabilities in Excess of Other Assets - (0.2)%
(0.00150)
            (286,823)
TOTAL NET ASSETS - 100.0%




    $        191,474,905


Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.




REIT - Real Estate Investment Trust




(a)

Held in connection with written option contracts. See Schedule of Written Options for further information.
(b)

Non-income producing security.
(c)

The rate shown is the annualized yield as of August 31, 2026.
(d)

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 August 31, 2026 was $2,981,880.
(e)

The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and is subject to change daily. The rate as of August 31, 2026 was 3.36%.






Alexis Practical Tactical ETF
Schedule of Written Options
August 31, 2026 (Unaudited)

WRITTEN OPTIONS - (0.1)%
Notional Amount

Contracts

Value
Call Options - (0.1)% (a)(b)
Charles Schwab Corp., Expiration: 11/20/2026; Exercise Price: $115.00
    $        (549,100)

(50)

    $        (18,150)
iShares Expanded Tech-Software Sector ETF, Expiration: 11/20/2026; Exercise Price: $120.00
             (549,900)

(50)

             (16,500)
NVIDIA Corp., Expiration: 11/20/2026; Exercise Price: $250.00
             (441,560)

(20)

             (11,600)
Space Exploration Technologies Corp., Expiration: 11/20/2026; Exercise Price: $175.00
             (718,450)

(50)

             (28,000)
VanEck Gold Miners ETF





Expiration: 09/18/2026; Exercise Price: $80.00
             (492,550)

(50)

             (89,000)
Expiration: 11/20/2026; Exercise Price: $103.00
             (492,550)

(50)

             (33,250)
Walmart, Inc., Expiration: 11/20/2026; Exercise Price: $110.00
             (209,740)

(20)

             (6,800)
TOTAL WRITTEN OPTIONS (Premiums received $144,860)




    $        (203,300)

Percentages are stated as a percent of net assets.




(a)

100 shares per contract.
(b)

Exchange-traded.







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

Alexis Practical Tactical 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 August 31, 2026:



Level 1

Level 2

Level 3

Total
Assets:







Investments:







  Exchange Traded Funds
    $        150,778,665

    $        –

    $        –

    $        150,778,665
  Common Stocks
            35,905,229

            –

            –

            35,905,229
  U.S. Treasury Bills
            –

            2,981,896

            –

            2,981,896
Total Investments
    $        186,683,894

    $        2,981,896

    $        –

    $        189,665,790








Liabilities:







Investments:







  Written Options
    $        (203,300)

    $        –

    $        –

    $        (203,300)
Total Investments
    $        (203,300)

    $        –

    $        –

    $        (203,300)





 

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