VegaShares Space & AI ETF
Schedule of Investments
August 31, 2026 (Unaudited)
| COMMON STOCKS - 98.3% | Shares | Value | ||||||
| Industrial Products - 31.9%(a) | ||||||||
| AeroVironment, Inc.(b) | 147 | $ | 21,808 | |||||
| Firefly Aerospace, Inc.(b) | 1,177 | 24,858 | ||||||
| Intuitive Machines, Inc. - Class A(b) | 1,409 | 21,642 | ||||||
| Karman Holdings, Inc.(b) | 523 | 21,678 | ||||||
| Kratos Defense & Security Solutions, Inc.(b) | 1,082 | 55,160 | ||||||
| Mercury Systems, Inc.(b) | 520 | 45,412 | ||||||
| Redwire Corp.(b) | 3,307 | 35,385 | ||||||
| Rocket Lab Corp.(b) | 732 | 46,789 | ||||||
| Voyager Technologies, Inc. - Class A(b) | 1,823 | 61,308 | ||||||
| 334,040 | ||||||||
| Industrial Services - 3.5% | ||||||||
| Spire Global, Inc. - Class A(b) | 2,743 | 36,400 | ||||||
| Media - 15.3% | ||||||||
| Space Exploration Technologies Corp. - Class A(b) | 1,118 | 160,645 | ||||||
| Software & Tech Services - 11.8% | ||||||||
| Palantir Technologies, Inc. - Class A(b) | 450 | 83,871 | ||||||
| Planet Labs PBC - Class A(b) | 2,006 | 39,819 | ||||||
| 123,690 | ||||||||
| Tech Hardware & Semiconductors - 22.2% | ||||||||
| Coherent Corp.(b) | 162 | 45,008 | ||||||
| Lumentum Holdings, Inc.(b) | 68 | 62,204 | ||||||
| Micron Technology, Inc. | 38 | 36,432 | ||||||
| NVIDIA Corp. | 294 | 64,909 | ||||||
| STMicroelectronics NV | 485 | 24,318 | ||||||
| 232,871 | ||||||||
| Telecommunications - 13.6% | ||||||||
| AST SpaceMobile, Inc. - Class A(b) | 607 | 35,874 | ||||||
| BlackSky Technology, Inc.(b) | 1,542 | 35,620 | ||||||
| Iridium Communications, Inc. | 528 | 24,806 | ||||||
| Viasat, Inc.(b) | 679 | 45,676 | ||||||
| 141,976 | ||||||||
| TOTAL COMMON STOCKS (Cost $1,282,491) | 1,029,622 | |||||||
| SHORT-TERM INVESTMENTS - 1.8% | ||||||||
| Money Market Funds - 1.8% | Shares | Value | ||||||
| First American Government Obligations Fund – Class X, 3.58%(c) | 19,014 | $ | 19,014 | |||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $19,014) | 19,014 | |||||||
| TOTAL INVESTMENTS - 100.1% (Cost $1,301,505) | $ | 1,048,636 | ||||||
| Liabilities in Excess of Other Assets - (0.1)% | (956 | ) | ||||||
| TOTAL NET ASSETS - 100.0% | $ | 1,047,680 | ||||||
| Percentages are stated as a percent of net assets. | ||||||||
| (a) | To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors. |
| (b) | Non-income producing security. |
| (c) | The rate shown represents the 7-day annualized effective yield as of August 31, 2026. |