NightShares
500
ETF
Schedule
of
Investments
February
28,
2023
(Unaudited)
1
Exchange-Traded
Funds
—
29.73%
Shares
Fair
Value
BondBloxx
Bloomberg
One
Year
Target
Duration
U.S.
Treasury
ETF
7,000
$
348,145
BondBloxx
Bloomberg
Six
Month
Target
Duration
U.S.
Treasury
ETF
14,100
707,546
Total
Exchange-Traded
Funds
(Cost $1,056,482)
1,055,691
U.S.
Government
&
Agencies
—
51.75%
(a)
Principal
Amount
U.S.
Treasury
Bill
4.49%,
3/02/2023
$
1,340,000
1,339,839
U.S.
Treasury
Bill
4.25%,
4/13/2023
500,000
497,337
Total
U.S.
Government
&
Agencies
(Cost $1,837,384)
1,837,176
Total
Investments
—
81.48%
(Cost
$2,893,866)
2,892,867
Other
Assets
in
Excess
of
Liabilities — 18.52%
(b)
657,676
Net
Assets
—
100.00%
$
3,550,543
(a)
The
rate
shown
represents
effective
yield
at
time
of
purchase.
(b)
Includes
cash
held
as
margin
for
futures
contracts.
NightShares
500
ETF
Schedule
of
Futures
Contracts
February
28,
2023
(Unaudited)
2
Contracts
Expiration
Date
Notional
Value
Value
and
Unrealized
Appreciation
(Depreciation)
LONG
CONTRACTS
CME
E-Mini
Standard
&
Poor’
s
500
Index
Future
17
March
2023
$
3,379,175
$
(2,138)
$
(2,138)
NightShares
2000
ETF
Schedule
of
Investments
February
28,
2023
(Unaudited)
3
Exchange-Traded
Funds
—
54.45%
Shares
Fair
Value
BondBloxx
Bloomberg
One
Year
Target
Duration
U.S.
Treasury
ETF
15,000
$
746,025
BondBloxx
Bloomberg
Six
Month
Target
Duration
U.S.
Treasury
ETF
51,500
2,584,301
Total
Exchange-Traded
Funds
(Cost $3,333,888)
3,330,326
U.S.
Government
&
Agencies
—
25.25%
(a)
Principal
Amount
U.S.
Treasury
Bill
4.49%,
3/02/2023
$
550,000
549,933
U.S.
Treasury
Bill
4.25%,
4/13/2023
1,000,000
994,674
Total
U.S.
Government
&
Agencies
(Cost $1,545,029)
1,544,607
Total
Investments
—
79.70%
(Cost
$4,878,917)
4,874,933
Other
Assets
in
Excess
of
Liabilities — 20.30%
(b)
1,241,661
Net
Assets
—
100.00%
$
6,116,594
(a)
The
rate
shown
represents
effective
yield
at
time
of
purchase.
(b)
Includes
cash
held
as
margin
for
futures
contracts.
NightShares
2000
ETF
Schedule
of
Futures
Contracts
February
28,
2023
(Unaudited)
4
Contracts
Expiration
Date
Notional
Value
Value
and
Unrealized
Appreciation
(Depreciation)
LONG
CONTRACTS
CME
E-Mini
Russell
2000
Index
Futures
64
March
2023
$
6,077,120
$
(2,585)
$
(2,585)
NightShares
500
1x/1.5x
ETF
Schedule
of
Investments
February
28,
2023
(Unaudited)
5
Exchange-Traded
Funds
—
79.89%
Shares
Fair
Value
BondBloxx
Bloomberg
One
Year
Target
Duration
U.S.
Treasury
ETF
27,550
$
1,370,199
iShares
Core
S&P
500
ETF
24,446
9,728,775
Total
Exchange-Traded
Funds
(Cost $11,260,192)
11,098,974
U.S.
Government
&
Agencies
—
2.95%
(a)
Principal
Amount
U.S.
Treasury
Bill
4.49%,
3/02/2023
$
410,000
409,950
Total
U.S.
Government
&
Agencies
(Cost $409,950)
409,950
Total
Investments
—
82.84%
(Cost
$11,670,142)
11,508,924
Other
Assets
in
Excess
of
Liabilities — 17.16%
(b)
2,383,651
Net
Assets
—
100.00%
$
13,892,575
(a)
The
rate
shown
represents
effective
yield
at
time
of
purchase.
(b)
Includes
cash
held
as
margin
for
futures
contracts.
NightShares
500
1x/1.5x
ETF
Schedule
of
Futures
Contracts
February
28,
2023
(Unaudited)
6
Contracts
Expiration
Date
Notional
Value
Value
and
Unrealized
Appreciation
(Depreciation)
LONG
CONTRACTS
CME
E-Mini
Standard
&
Poor’s
500
Index
Future
56
March
2023
$
11,131,400
$
73,922
$
73,922