Infrastructure Capital Equity Income ETF
Schedule of Investments
August 31, 2026 (Unaudited)

COMMON STOCKS - 96.4%

Shares  

Value  
Aerospace & Defense - 6.1%

Lockheed Martin Corp. (a)(c)

            9,461

    $        5,309,797
RTX Corp. (b)

            9,784

             2,032,430




             7,342,227






Banks - 6.9%

Bank of America Corp. (b)

            33,817

             2,094,625
Citizens Financial Group, Inc. (b)

            14,478

             997,100
Fifth Third Bancorp (b)(c)

            25,616

             1,377,372
Huntington Bancshares, Inc./OH (b)

            63,636

             1,061,767
JPMorgan Chase & Company (b)

            509

             181,214
U.S. Bancorp (b)

            11,229

             691,482
Zions Bancorp NA (b)

            27,993

             1,866,853




             8,270,413






Beverages - 5.2%

Celsius Holdings, Inc. (a)(b)(d)

            154,373

             4,855,031
Coca-Cola Co. (a)(b)

            5,695

             504,976
PepsiCo, Inc. (a)(b)

            6,348

             890,878




             6,250,885






Broadline Retail - 3.3%

Amazon.com, Inc. (a)(b)(d)

            15,000

             3,896,550






Capital Markets - 9.2%

Blackstone, Inc. (b)

            12,952

             1,855,245
Goldman Sachs Group, Inc. (a)(b)

            1,540

             1,579,886
KKR & Co., Inc. (b)

            52,328

             5,741,428
Morgan Stanley (b)

            2,048

             436,879
TPG, Inc. (b)

            25,089

             1,357,817




             10,971,255






Chemicals - 0.8%

Albemarle Corp. (b)

            7,239

             977,048






Diversified Telecommunication Services - 0.0% (e)

AT&T, Inc.

            429

             11,107






Electric Utilities - 5.5%

Alliant Energy Corp. (b)(c)

            21,588

             1,467,552
Edison International (b)

            17

             918
NextEra Energy, Inc. (a)(b)(c)

            29,554

             2,433,476
Southern Co. (a)(b)

            4,057

             357,016
Xcel Energy, Inc. (b)(c)

            31,422

             2,378,331




             6,637,293






Electrical Equipment - 2.0%

GE Vernova, Inc. (b)

            2,665

             2,394,582






Financial Services - 0.0% (e)

Apollo Global Management, Inc.

            1

             117








Food Products - 1.5%

Kraft Heinz Co. (a)(b)(c)

            69,446

             1,782,679






Hotels, Restaurants & Leisure - 0.5%

McDonald's Corp. (a)(b)

            2,371

             624,853






Household Durables - 8.1%

DR Horton, Inc. (b)

            35,034

             5,064,515
Lennar Corp. - Class A (c)

            54,975

             4,623,947




             9,688,462






Independent Power and Renewable Electricity Producers - 1.9%

Vistra Corp. (a)(b)(c)

            16,179

             2,222,509






Industrial REITs - 1.5%

Rexford Industrial Realty, Inc. (b)(c)

            46,927

             1,738,176






Insurance - 1.8%

Brighthouse Financial, Inc. (c)(d)

            40,480

             2,146,250






Interactive Media & Services - 2.0%

Alphabet, Inc. - Class A (b)

            1,611

             546,693
Meta Platforms, Inc. - Class A (a)(b)(c)

            3,281

             1,877,847




             2,424,540






IT Services - 0.1%

CoreWeave, Inc. - Class A (a)(d)

            1,000

             84,890






Metals & Mining - 0.5%

Freeport-McMoRan, Inc. (a)

            8,000

             605,920






Office REITs - 1.3%

BXP, Inc. (b)

            11,436

             777,534
Kilroy Realty Corp. (b)

            22,474

             815,806




             1,593,340






Oil, Gas & Consumable Fuels - 6.0%

Cheniere Energy, Inc. (b)

            3,825

             1,115,714
Chevron Corp. (a)(b)

            4,859

             1,001,634
Energy Transfer LP (b)

            78,704

             1,692,923
EOG Resources, Inc. (c)

            8,192

             1,187,513
ExxonMobil Holdings Corp. (a)(b)

            5,736

             923,209
Phillips 66 (b)

            5,120

             1,262,490




             7,183,483






Passenger Airlines - 0.5%

Delta Air Lines, Inc. (b)

            7,216

             562,848






Pharmaceuticals - 2.3%

Eli Lilly & Co. (a)(b)

            550

             636,202
Merck & Co., Inc. (a)(c)

            14,629

             2,161,581




             2,797,783






Semiconductors & Semiconductor Equipment - 20.3%

Advanced Micro Devices, Inc. (a)(b)(d)

            6,043

             2,844,561
Broadcom, Inc. (a)(b)

            18,220

             6,747,595


Marvell Technology, Inc. (a)(b)

            33,668

             7,126,169
Micron Technology, Inc.

            1,000

             958,730
NVIDIA Corp. (a)(b)(c)

            29,652

             6,546,568




             24,223,623






Software - 6.0%

Microsoft Corp. (a)(c)

            4,364

             2,213,814
Oracle Corp. (a)(b)

            32,475

             4,842,672
Workday, Inc. - Class A

            500

             98,725




             7,155,211






Specialized REITs - 2.1%

Crown Castle, Inc. (a)(c)

            18,075

             1,376,230
Safehold, Inc. (b)(c)

            71,433

             1,081,496




             2,457,726






Technology Hardware, Storage & Peripherals - 0.1%

Sandisk Corp./DE (d)

            100

             156,670






Tobacco - 0.9%

Philip Morris International, Inc. (a)

            5,990

             1,121,927
TOTAL COMMON STOCKS (Cost $116,705,700)

             115,322,367






PREFERRED STOCKS - 8.4%

Shares  

Value  
Consumer Finance - 0.3%

SLM Corp., Series B, 5.63% (3 mo. Term SOFR + 1.96%), Perpetual Maturity (b)(c)

            5,403

             406,468






Diversified REITs - 0.9%

Global Net Lease, Inc., Series B, 6.88%, Perpetual Maturity (b)(c)

            47,379

             1,053,709






Electrical Equipment - 1.1%

Babcock & Wilcox Enterprises, Inc., Series A, 7.75%, Perpetual Maturity (b)(c)

            59,071

             1,313,739






Financial Services - 0.3%

Merchants Bancorp, 7.63%, Perpetual Maturity (b)

            15,162

             380,414






Hotel & Resort REITs - 1.1%

RLJ Lodging Trust, Series A, 1.95%, Perpetual Maturity (b)(c)

            49,105

             1,245,794






Industrial REITs - 0.1%

Innovative Industrial Properties, Inc., Series A, 9.00%, Perpetual Maturity(b)

            2,646

             66,335






Insurance - 1.0%

Brighthouse Financial, Inc.

–

$–
Series A, 6.60%, Perpetual Maturity (b)

            42,850

             616,611
Series B, 6.75%, Perpetual Maturity (b)

            41,746

             614,084





             1,230,695






Mortgage REITs - 3.6%

Adamas Trust, Inc., Series D, 8.00% to 10/15/2027 then 3 mo. SOFR+ 5.70%, Perpetual Maturity (b)(c)(f)

            98,954

             2,466,923
AGNC Investment Corp., Series G, 7.75% to 10/15/2027 then 5 yr. CMT Rate + 4.39%, Perpetual Maturity (a)(c)(f)

            9,838

             250,574
Rithm Capital Corp., Series E, 8.75%, Perpetual Maturity (b)

            65,548

             1,615,103





             4,332,600
TOTAL PREFERRED STOCKS (Cost $9,553,211)

             10,029,754






BABY BONDS(g) - 7.0%

Shares  

Value  


Financial Services - 1.1%

Corebridge Financial, Inc., 6.38%, 12/15/2064 (b)

            60,002

             1,299,643






Health Care REITs - 0.8%

Diversified Healthcare Trust, 5.63%, 08/01/2042 (b)(c)

            48,078

             889,443






Mortgage REITs - 3.3%

AGNC Investment Corp., Series H, 8.75%, Perpetual Maturity (b)

            44,274

             1,136,071
PennyMac Mortgage Investment Trust, 9.00%, 02/15/2030 (b)

            731

             18,472
Redwood Trust, Inc.

–

$–
9.00%, 09/01/2029 (b)(c)

            79,984

             1,952,409
9.13%, 03/01/2030 (b)

            35,458

             834,327





             3,941,279






Telecommunications Resellers - 1.8%

Qwest Corp.

–

$–
6.50%, 09/01/2051 (b)

            87,072

             1,453,232
6.75%, 06/15/2052 (b)

            43,034

             742,767





             2,195,999
TOTAL BABY BONDS (Cost $8,527,210)

             8,326,364






CONVERTIBLE PREFERRED STOCKS - 3.5%

Shares  

Value  
Capital Markets - 0.0% (e)

KKR & Co., Inc., Series D, 6.25%, 03/01/2028

            295

             14,343






Chemicals - 0.3%

Albemarle Corp., 7.25%, 03/01/2027 (b)

            7,025

             385,040






Electric Utilities - 0.6%

PG&E Corp., Series A, 6.00%, 12/01/2027 (b)

            19,040

             645,075






Interactive Media & Services - 0.9%

Alphabet, Inc., Series A, 6.25%, 05/15/2029 (b)

            21,536

             1,043,635






Software - 1.7%

Oracle Corp., Series D, 6.50%, 01/15/2029 (b)

            44,394

             2,072,312
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $5,072,166)

             4,160,405






PURCHASED OPTIONS(d) - 0.3%
Notional Amount  

Contracts(h)  

Value  
Call Options - 0.3%




Marvell Technology, Inc., Expiration: 03/19/2027; Exercise Price: $300.00
             4,444,860

            210

             399,420
TOTAL PURCHASED OPTIONS (Cost $594,540)

             399,420






SHORT-TERM INVESTMENTS - 0.5%
Shares  

Value  
Money Market Funds – 0.5%




First American Government Obligations Fund - Class X, 3.59% (i)

            413,617

             413,617
First American Treasury Obligations Fund - Class X, 3.60% (i)

            137,873

             137,873
TOTAL SHORT-TERM INVESTMENTS (Cost $551,490)

             551,490






TOTAL INVESTMENTS - 116.1% (Cost $141,004,317)

             138,789,800
Liabilities in Excess of Other Assets - (16.1)%
(0.16057)
            (19,202,377)
TOTAL NET ASSETS - 100.0%




    $        119,587,423


Percentages are stated as a percent of net assets.






CMT - Constant Maturity Treasury
ETF – Exchange Traded Fund
REIT - Real Estate Investment Trust
SOFR - Secured Overnight Financing Rate
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use.




(a)

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

All or a portion of this security has been committed as collateral for a borrowing facility. The total value of assets committed as collateral as of August 31, 2026 was $86,232,566.
(c)

All or a portion of this security has been committed as collateral for open written options contracts. The total value of assets committed as collateral as of August 31, 2026 was $17,312,279.
(d)

Non-income producing security.
(e)

Represents less than 0.05% of net assets.
(f)

This security has a fixed-to-variable rate feature.
(g)

Baby bonds are preferred stocks which have been deemed to be fixed income securities based upon certain intrinsic characteristics.
(h)

100 shares per contract.
(i)

The rate shown represents the 7-day annualized yield as of August 31, 2026.



Infrastructure Capital Equity Income ETF
Schedule of Written Options
August 31, 2026 (Unaudited)

WRITTEN OPTIONS(b) - (0.2)%
Notional Amount

Contracts(a)

Value
Written Call Options - (0.1)%
Advanced Micro Devices, Inc.





Expiration: 09/18/2026; Exercise Price: $650.00
    $        (470,720)

(10)

    $        (160)
Expiration: 09/25/2026; Exercise Price: $650.00
             (470,720)

(10)

             (400)
Expiration: 10/02/2026; Exercise Price: $650.00
             (470,720)

(10)

             (700)
Expiration: 10/16/2026; Exercise Price: $650.00
             (470,720)

(10)

             (1,850)
Amazon.com, Inc.





Expiration: 09/02/2026; Exercise Price: $265.00
             (259,770)

(10)

             (590)
Expiration: 09/04/2026; Exercise Price: $267.50
             (259,770)

(10)

             (890)
Expiration: 09/09/2026; Exercise Price: $270.00
             (259,770)

(10)

             (1,070)
Expiration: 09/11/2026; Exercise Price: $270.00
             (259,770)

(10)

             (1,560)
Expiration: 09/18/2026; Exercise Price: $272.50
             (259,770)

(10)

             (2,250)
Expiration: 09/18/2026; Exercise Price: $275.00
             (259,770)

(10)

             (1,740)
Expiration: 09/18/2026; Exercise Price: $305.00
             (259,770)

(10)

             (100)
Expiration: 09/25/2026; Exercise Price: $275.00
             (259,770)

(10)

             (2,980)
Expiration: 09/25/2026; Exercise Price: $310.00
             (259,770)

(10)

             (150)
Expiration: 10/02/2026; Exercise Price: $280.00
             (259,770)

(10)

             (2,500)
Expiration: 10/02/2026; Exercise Price: $310.00
             (519,540)

(20)

             (540)
Expiration: 10/16/2026; Exercise Price: $310.00
             (259,770)

(10)

             (750)
Broadcom, Inc.





Expiration: 09/09/2026; Exercise Price: $450.00
             (370,340)

(10)

             (930)
Expiration: 09/09/2026; Exercise Price: $460.00
             (370,340)

(10)

             (690)
Expiration: 09/18/2026; Exercise Price: $500.00
             (370,340)

(10)

             (470)
Expiration: 09/25/2026; Exercise Price: $480.00
             (370,340)

(10)

             (1,100)
Celsius Holdings, Inc.





Expiration: 09/11/2026; Exercise Price: $30.00
             (94,350)

(30)

             (6,450)
Expiration: 09/18/2026; Exercise Price: $30.00
             (62,900)

(20)

             (4,700)
Expiration: 09/25/2026; Exercise Price: $30.00
             (62,900)

(20)

             (4,800)
CoreWeave, Inc.
         Expiration: 09/18/2026; Exercise Price: $120.00
             (84,890)

(10)

             (180)
Crown Castle, Inc.







Expiration: 09/18/2026; Exercise Price: $97.50
             (228,420)

(30)

             (1,125)
Expiration: 10/16/2026; Exercise Price: $90.00
             (152,280)

(20)

             (300)
Expiration: 12/18/2026; Exercise Price: $90.00
             (152,280)

(20)

             (1,800)
Expiration: 01/15/2027; Exercise Price: $90.00
             (152,280)

(20)

             (2,600)
Eli Lilly & Co.
         Expiration: 09/18/2026; Exercise Price: $1,300.00
             (578,365)

(5)

             (1,325)
Freeport-McMoRan, Inc.





Expiration: 09/04/2026; Exercise Price: $81.00
             (227,220)

(30)

             (660)
Expiration: 09/11/2026; Exercise Price: $85.00
             (227,220)

(30)

             (780)
Expiration: 09/11/2026; Exercise Price: $90.00
             (227,220)

(30)

             (420)
Expiration: 09/18/2026; Exercise Price: $95.00
             (227,220)

(30)

             (300)
Goldman Sachs Group, Inc.





Expiration: 09/04/2026; Exercise Price: $1,200.00
             (1,025,900)

(10)

             (980)
Expiration: 09/18/2026; Exercise Price: $1,150.00
             (1,025,900)

(10)

             (1,210)
Kraft Heinz Co.





Expiration: 09/18/2026; Exercise Price: $30.00
             (128,350)

(50)

             (100)
Expiration: 12/18/2026; Exercise Price: $30.00
             (102,680)

(40)

             (1,160)
Expiration: 01/15/2027; Exercise Price: $30.00
             (513,400)

(200)

             (8,400)
Expiration: 03/19/2027; Exercise Price: $30.00
             (564,740)

(220)

             (15,840)
Lockheed Martin Corp.





Expiration: 09/04/2026; Exercise Price: $570.00
             (561,230)

(10)

             (1,900)
Expiration: 09/11/2026; Exercise Price: $572.50
             (561,230)

(10)

             (3,560)
Expiration: 09/11/2026; Exercise Price: $605.00
             (561,230)

(10)

             (400)
Expiration: 09/18/2026; Exercise Price: $577.50
             (561,230)

(10)

             (4,630)
Expiration: 09/18/2026; Exercise Price: $605.00
             (561,230)

(10)

             (1,220)
Expiration: 09/25/2026; Exercise Price: $615.00
             (561,230)

(10)

             (3,700)
Expiration: 10/02/2026; Exercise Price: $620.00
             (1,122,460)

(20)

             (3,400)
Expiration: 10/09/2026; Exercise Price: $625.00
             (561,230)

(10)

             (2,250)
Expiration: 10/16/2026; Exercise Price: $630.00
             (561,230)

(10)

             (2,525)
Expiration: 11/20/2026; Exercise Price: $630.00
             (561,230)

(10)

             (8,500)
Marvell Technology, Inc.





Expiration: 09/04/2026; Exercise Price: $240.00
             (211,660)

(10)

             (430)
Expiration: 09/11/2026; Exercise Price: $245.00
             (211,660)

(10)

             (1,130)
Expiration: 09/18/2026; Exercise Price: $250.00
             (211,660)

(10)

             (1,770)
Expiration: 09/25/2026; Exercise Price: $260.00
             (211,660)

(10)

             (1,900)
Expiration: 10/02/2026; Exercise Price: $265.00
             (846,640)

(40)

             (9,040)
McDonald's Corp.





Expiration: 09/11/2026; Exercise Price: $290.00
             (1,054,160)

(40)

             (120)
Expiration: 09/18/2026; Exercise Price: $290.00
             (1,054,160)

(40)

             (640)
Expiration: 09/25/2026; Exercise Price: $290.00
             (527,080)

(20)

             (700)
Merck & Co., Inc.





Expiration: 09/04/2026; Exercise Price: $160.00
             (738,800)

(50)

             (50)
Expiration: 09/11/2026; Exercise Price: $165.00
             (443,280)

(30)

             (420)
Expiration: 09/18/2026; Exercise Price: $170.00
             (295,520)

(20)

             (180)
Meta Platforms, Inc.





Expiration: 09/04/2026; Exercise Price: $630.00
             (572,340)

(10)

             (280)
Expiration: 09/11/2026; Exercise Price: $635.00
             (572,340)

(10)

             (950)
Expiration: 09/18/2026; Exercise Price: $640.00
             (572,340)

(10)

             (1,900)
Expiration: 09/25/2026; Exercise Price: $640.00
             (572,340)

(10)

             (3,600)
Expiration: 09/25/2026; Exercise Price: $645.00
             (572,340)

(10)

             (2,910)
Expiration: 10/02/2026; Exercise Price: $650.00
             (572,340)

(10)

             (4,160)
Microsoft Corp.
         Expiration: 09/04/2026; Exercise Price: $522.50
             (507,290)

(10)

             (1,140)
NextEra Energy, Inc.





Expiration: 09/18/2026; Exercise Price: $90.00
             (823,400)

(100)

             (700)
Expiration: 10/16/2026; Exercise Price: $95.00
             (823,400)

(100)

             (1,700)


NVIDIA Corp.





Expiration: 09/02/2026; Exercise Price: $225.00
             (220,780)

(10)

             (660)
Expiration: 09/04/2026; Exercise Price: $227.50
             (220,780)

(10)

             (920)
Expiration: 09/09/2026; Exercise Price: $230.00
             (220,780)

(10)

             (1,060)
Expiration: 09/11/2026; Exercise Price: $235.00
             (220,780)

(10)

             (720)
Expiration: 09/18/2026; Exercise Price: $237.50
             (220,780)

(10)

             (1,170)
Oracle Corp.





Expiration: 09/18/2026; Exercise Price: $220.00
             (894,720)

(60)

             (2,040)
Expiration: 10/16/2026; Exercise Price: $190.00
             (149,120)

(10)

             (3,230)
Expiration: 10/16/2026; Exercise Price: $230.00
             (447,360)

(30)

             (2,520)
Expiration: 11/20/2026; Exercise Price: $230.00
             (149,120)

(10)

             (2,040)
PepsiCo, Inc.





Expiration: 09/11/2026; Exercise Price: $149.00
             (280,680)

(20)

             (200)
Expiration: 09/18/2026; Exercise Price: $150.00
             (280,680)

(20)

             (400)
Philip Morris International, Inc.





Expiration: 09/18/2026; Exercise Price: $200.00
             (374,600)

(20)

             (1,700)
Expiration: 09/25/2026; Exercise Price: $205.00
             (374,600)

(20)

             (1,500)
Southern Co.





Expiration: 09/18/2026; Exercise Price: $92.50
             (176,000)

(20)

             (380)
Expiration: 09/18/2026; Exercise Price: $97.50
             (88,000)

(10)

             (50)
Vistra Corp.





Expiration: 10/16/2026; Exercise Price: $180.00
             (686,850)

(50)

             (2,250)
Expiration: 11/20/2026; Exercise Price: $195.00
             (686,850)

(50)

             (5,050)
Expiration: 11/20/2026; Exercise Price: $200.00
             (686,850)

(50)

             (4,600)
Total Written Call Options




            (170,845)






Written Put Options - (0.1)%
Apple, Inc.





Expiration: 09/04/2026; Exercise Price: $310.00
             (633,700)

(20)

             (1,740)
Expiration: 09/09/2026; Exercise Price: $310.00
             (633,700)

(20)

             (4,600)
Chevron Corp.
         Expiration: 09/04/2026; Exercise Price: $202.50
             (412,280)

(20)

             (1,800)
Coca-Cola Co.
         Expiration: 09/04/2026; Exercise Price: $85.00
             (177,340)

(20)

             (20)
ExxonMobil Holdings Corp.





Expiration: 09/04/2026; Exercise Price: $145.00
             (643,800)

(40)

             (80)
Expiration: 09/04/2026; Exercise Price: $150.00
             (321,900)

(20)

             (140)
Expiration: 09/11/2026; Exercise Price: $150.00
             (482,850)

(30)

             (900)
Expiration: 09/18/2026; Exercise Price: $152.50
             (482,850)

(30)

             (3,210)
Lockheed Martin Corp.





Expiration: 09/04/2026; Exercise Price: $575.00
             (561,230)

(10)

             (19,000)
Expiration: 09/11/2026; Exercise Price: $580.00
             (561,230)

(10)

             (24,500)
Expiration: 09/18/2026; Exercise Price: $580.00
             (561,230)

(10)

             (25,780)
NVIDIA Corp.





Expiration: 09/02/2026; Exercise Price: $200.00
             (662,340)

(30)

             (180)
Expiration: 09/09/2026; Exercise Price: $210.00
             (220,780)

(10)

             (740)
Walmart, Inc.





Expiration: 09/04/2026; Exercise Price: $103.00
             (314,610)

(30)

             (930)
Expiration: 09/11/2026; Exercise Price: $102.00
             (314,610)

(30)

             (1,530)
Total Written Put Options




            (85,150)
TOTAL WRITTEN OPTIONS (Premiums received $332,550)




    $        (255,995)

(a)

100 shares per contract.
(b)

Non-income producing security.




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

Infrastructure Capital Equity Income 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:







  Common Stocks
    $        115,322,367

    $        –

    $        –

    $        115,322,367
  Preferred Stocks
            10,029,754

            –

            –

            10,029,754
  Baby Bonds
            8,326,364

            –

            –

            8,326,364
  Convertible Preferred Stocks
            4,160,405

            –

            –

            4,160,405
  Purchased Options
            399,420

            –

            –

            399,420
  Money Market Funds
            551,490

            –

            –

            551,490
Total Investments
    $        138,789,800

    $        –

    $        –

    $        138,789,800








Liabilities:







Investments:







  Written Options
    $        (203,365)

    $        (52,630)

    $        –

    $        (255,995)
Total Investments
    $        (203,365)

    $        (52,630)

    $        –

    $        (255,995)





 

As of the period ended August 31, 2026, the Fund did not hold any Level 3 securities, nor were there any transfers into or out of Level 3. Refer to the Fund’s
Schedule of Investments and Schedule of Written Options for further information on the classification of investments.