Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) NPORT-P Strategy Shares NASDAQ 5HANDL Index ETF (Jul 2023 report)

Strategy Shares Nasdaq 5HANDL™ Index ETF (FIVR)^† July 31, 2023 (Unaudited)

Portfolio of Investments Summary Table
	Percentage of Value
Exchange-Traded Funds	100.0%
Total	100.0%
Portfolio holdings and allocations are subject to change. As of July 31, 2023, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.

Portfolio of Investments

Shares			Value
Exchange-Traded Funds — 99.6%
	4,152	Alerian MLP ETF	$	173,221
	1,624	Dimensional Core Fixed Income ETF		67,737
	3,528	Fidelity MSCI Utilities Index ETF		152,692
	4,896	Global X U.S. Preferred ETF		95,815
	428	Invesco QQQ Trust		164,215
	1,020	Invesco Taxable Municipal Bond ETF		26,775
	1,152	iShares Broad USD High Yield Corporate Bond ETF		40,942
	116	iShares Core S&P 500 ETF		53,381
	2,520	iShares Core U.S. Aggregate Bond ETF		246,154
	144	iShares MBS ETF		13,380
	1,960	JPMorgan Equity Premium Income ETF		109,525
	5,344	Schwab U.S. Aggregate Bond ETF		245,610
	1,008	Schwab U.S. Large-Cap ETF		54,644
	4,168	Schwab U.S. REIT ETF		82,985
	832	Vanguard Dividend Appreciation ETF		138,320
	684	Vanguard Intermediate-Term Corporate Bond ETF		54,104
	128	Vanguard S&P 500 ETF		53,847
	3,396	Vanguard Total Bond Market ETF		245,938
	3,292	WisdomTree U.S. Efficient Core Fund		125,080
Total Exchange-Traded Funds (Cost $2,222,363)			$	2,144,365
Total Investments — 99.6% (Cost $2,222,363)			$	2,144,365
Other Assets less Liabilities — 0.4%				9,469
Net Assets — 100.0%			$	2,153,834

ETF — Exchange-Traded Fund

MBS — Mortgage-Backed Security

MLP — Master Limited Partnership

MSCI — Morgan Stanley Capital International

REIT — Real Estate Investment Trust

S&P — Standard and Poor’s

USD — United States Dollar

^† Strategy Shares Nasdaq 5HANDL™ Index ETF (FIVR) ceased operations and liquidated following the close of the market on August 30, 2023.

Strategy Shares Gold-Hedged Bond ETF (GLDB) July 31, 2023 (Unaudited)

Portfolio of Investments Summary Table
	Percentage of Value
Communication Services	11.0%
Consumer Discretionary	6.1%
Consumer Staples	12.7%
Energy	5.2%
Financials	26.4%
Health Care	8.6%
Industrials	8.6%
Information Technology	8.3%
Materials	3.1%
Real Estate	3.9%
Utilities	6.1%
Total	100.0%
Portfolio holdings and allocations are subject to change. As of July 31, 2023, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.

Portfolio of Investments*

Principal Amount			Value
Corporate Bonds — 74.6%
Communication Services — 6.2%
$	532,000	Verizon Communications, Inc., 4.52%, 9/15/48	$	459,652
	504,000	Walt Disney Co. (The), 2.65%, 1/13/31		433,531
				893,183
Consumer Discretionary — 4.8%
	448,000	Amazon.com, Inc., 1.50%, 6/03/30		366,701
	308,000	Home Depot, Inc. (The), 5.88%, 12/16/36		333,964
				700,665
Consumer Staples — 10.1%
	476,000	Anheuser-Busch Companies LLC / Anheuser-Busch InBev Worldwide, Inc., 4.70%, 2/01/36		461,504
	392,000	BAT Capital Corp., 3.56%, 8/15/27		364,075
	420,000	Coca-Cola Co. (The), 1.38%, 3/15/31		333,727
	364,000	Costco Wholesale Corp., 1.60%, 4/20/30		302,037
				1,461,343
Energy — 4.1%
	364,000	Chevron Corp., 2.24%, 5/11/30		314,760
	336,000	MPLX LP, 2.65%, 8/15/30		282,279
				597,039
Financials — 18.6%
	140,000	Capital One Financial Corp., 3.80%, 1/31/28		129,732
	476,000	Citigroup, Inc., 4.41%, 3/31/31		447,390
	364,000	Fiserv, Inc., 3.50%, 7/01/29		334,942
	504,000	Goldman Sachs Group, Inc. (The), 1.99%, 1/27/32		396,978
	448,000	JPMorgan Chase & Co., 4.49%, 3/24/31		428,954
	392,000	MetLife, Inc., 4.55%, 3/23/30		383,627
	168,000	Northern Trust Corp., 1.95%, 5/01/30		139,395
$	476,000	Wells Fargo & Co., 3.00%, 10/23/26		443,688
				2,704,706

Principal Amount			Value
Health Care — 6.8%
$	392,000	AbbVie, Inc., 3.20%, 11/21/29	$	355,079
	308,000	Amgen, Inc., 2.20%, 2/21/27		279,725
	364,000	CVS Health Corp., 4.30%, 3/25/28		352,530
				987,334
Industrials — 6.9%
	392,000	Boeing Co. (The), 5.15%, 5/01/30		388,674
	280,000	General Electric Co., 5.88%, 1/14/38		299,916
	308,000	Southwest Airlines Co., 5.13%, 6/15/27		307,106
				995,696
Information Technology — 6.6%
	336,000	Apple, Inc., 3.35%, 2/09/27		322,361
	336,000	Broadcom Corp. / Broadcom Cayman Finance, Ltd., 3.88%, 1/15/27		320,347
	336,000	Oracle Corp., 5.38%, 7/15/40		320,030
				962,738
Materials — 2.5%
	252,000	Dow Chemical Co. (The), 3.60%, 11/15/50		185,893
	196,000	Sherwin-Williams Co. (The), 2.95%, 8/15/29		174,476
				360,369
Real Estate — 3.1%
	504,000	Equinix, Inc., 3.20%, 11/18/29		444,162
Utilities — 4.9%
	448,000	NextEra Energy Capital Holdings, Inc., 2.25%, 6/01/30		372,238
	364,000	Pacific Gas and Electric Co., 4.55%, 7/01/30		330,627
				702,865
Total Corporate Bonds (Cost $11,602,194)			$	10,810,100

Strategy Shares Gold-Hedged Bond ETF (GLDB) (Continued) July 31, 2023 (Unaudited)

Principal Amount			Value
Yankee Dollars — 5.0%
Communication Services — 2.6%
$	308,000	Orange SA, 9.00%, 3/01/31	$	375,828
Financials — 2.4%
	308,000	Shell International Finance BV, 6.38%, 12/15/38		346,063
Total Yankee Dollars (Cost $792,442)			$	721,891
Total Investments — 79.6% (Cost $12,394,636)			$	11,531,991
Other Assets less Liabilities — 20.4%				2,954,102
Net Assets — 100.0%			$	14,486,093

* Portfolio of Investments is presented on a consolidated basis.

LLC — Limited Liability Corporation

LP — Limited Partnership

SA — Societe Anonyme (French public limited company)

Total Return Swap Agreements

Pay/ Receive	Financing Rate	Description	Counterparty	Payment Frequency	Expiration Date	Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
Receive	Effective Federal Funds Rate(a) + 85 bps	iShares Gold Trust	BNP PARIBAS SA	Monthly	5/20/24	$	14,261,415	$	(134,678	)
Receive	Effective Federal Funds Rate(a) + 85 bps	iShares IBoxx $ Investment Grade Corporate Bond	BNP PARIBAS SA	Monthly	5/20/24		2,598,065		(20,936	)
								$	(155,614	)

(a) The Effective Federal Funds Rate at July 31, 2023 was 5.33%.

Strategy Shares Nasdaq 7HANDL™ Index ETF (HNDL) July 31, 2023 (Unaudited)

Portfolio of Investments Summary Table
	Percentage of Value
Exchange-Traded Funds	100.0%
Total	100.0%
Portfolio holdings and allocations are subject to change. As of July 31, 2023, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.

Portfolio of Investments

Shares			Value
Exchange-Traded Funds — 93.4%
	1,874,538	Alerian MLP ETF	$	78,205,725
	732,555	Dimensional Core Fixed Income ETF		30,554,869
	1,593,558	Fidelity MSCI Utilities Index ETF		68,969,190
	2,211,714	Global X U.S. Preferred ETF		43,283,243
	192,672	Invesco QQQ Trust		73,924,393
	461,610	Invesco Taxable Municipal Bond ETF		12,117,263
	519,813	iShares Broad USD High Yield Corporate Bond ETF		18,474,154
	52,182	iShares Core S&P 500 ETF		24,013,113
	1,137,969	iShares Core U.S. Aggregate Bond ETF		111,156,811
	64,224	iShares MBS ETF		5,967,694
	885,087	JPMorgan Equity Premium Income ETF		49,458,662
	2,414,421	Schwab U.S. Aggregate Bond ETF		110,966,789
	455,589	Schwab U.S. Large-Cap ETF		24,697,480
	1,882,566	Schwab U.S. REIT ETF		37,481,889
	377,316	Vanguard Dividend Appreciation ETF		62,728,785
	309,078	Vanguard Intermediate-Term Corporate Bond ETF		24,448,070
	58,203	Vanguard S&P 500 ETF		24,484,838
	1,533,348	Vanguard Total Bond Market ETF		111,045,062
	1,487,187	WisdomTree U.S. Efficient Core Fund		56,505,670
Total Exchange-Traded Funds (Cost $1,007,848,600)			$	968,483,700
Total Investments — 93.4% (Cost $1,007,848,600)			$	968,483,700
Other Assets less Liabilities — 6.6%				67,913,477
Net Assets — 100.0%			$	1,036,397,177

ETF — Exchange-Traded Fund

MBS — Mortgage-Backed Security

MLP — Master Limited Partnership

MSCI — Morgan Stanley Capital International

REIT — Real Estate Investment Trust

S&P — Standard and Poor’s

USD — United States Dollar

Total Return Swap Agreements

Pay/ Receive	Financing Rate	Description	Counterparty	Payment Frequency	Expiration Date	Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
Receive	Effective Federal Funds Rate(a) + 85 bps	Nasdaq 7HANDLTM Index	BNP PARIBAS SA	Monthly	1/12/24	$	363,790,578	$	7,311,827
Pay	Effective Federal Funds Rate(a) + 85 bps	Nasdaq 7HANDLTM Index	BNP PARIBAS SA	Monthly	1/12/24		10,000,000		(96	)
								$	7,311,731

(a) The Effective Federal Funds Rate at July 31, 2023 was 5.33%.

SA — Societe Anonyme (French public limited company)

Strategy Shares Halt Climate Change ETF (NZRO) July 31, 2023 (Unaudited)

Portfolio of Investments Summary Table
	Percentage of Value
Communication Services	8.2%
Consumer Discretionary	4.3%
Consumer Staples	4.0%
Energy	0.3%
Financials	5.7%
Health Care	21.4%
Industrials	15.5%
Information Technology	29.9%
Materials	2.2%
Real Estate	0.6%
Utilities	7.9%
Total	100.0%
Portfolio holdings and allocations are subject to change. As of July 31, 2023, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.

Portfolio of Investments

Shares			Value
Common Stocks — 99.4%
Communication Services — 8.1%
	200	Alphabet, Inc., Class C †	$	26,622
	98	Meta Platforms, Inc., Class A †		31,223
	81	Netflix, Inc. †		35,557
				93,402
Consumer Discretionary — 4.2%
	6	Arcimoto, Inc. †		9
	1,366	Canoo, Inc. †		881
	590	Fisker, Inc. †		3,640
	161	Tesla, Inc. †		43,057
	910	Workhorse Group, Inc. †		1,210
				48,797
Consumer Staples — 4.0%
	126	Beyond Meat, Inc. †		2,167
	88	Ingredion, Inc.		9,791
	90	McCormick & Co., Inc.		8,053
	476	Unilever PLC ADR		25,576
				45,587
Energy — 0.3%
	278	Aemetis, Inc. †		2,052
	120	Enviva, Inc.		1,616
				3,668
Financials — 5.6%
	180	Hannon Armstrong Sustainable Infrastructure Capital, Inc.		4,700
	68	Mastercard, Inc., Class A		26,811
	10	MSCI, Inc.		5,481
	116	Visa, Inc., Class A		27,577
				64,569
Health Care — 21.3%
	188	Abbott Laboratories		20,930
	188	AbbVie, Inc.		28,120
	112	Amgen, Inc.		26,224
	102	Baxter International, Inc.		4,613
	126	Beam Therapeutics, Inc. †		3,890
	404	Boston Scientific Corp. †		20,948
	140	Edwards Lifesciences Corp. †		11,490
	240	Gilead Sciences, Inc.		18,274

Shares			Value
Common Stocks – (Continued)
Health Care – (Continued)
	66	IQVIA Holdings, Inc. †	$	14,769
	118	Moderna, Inc. †		13,884
	460	Pfizer, Inc.		16,588
	72	The Cigna Group		21,247
	56	UnitedHealth Group, Inc.		28,357
	26	Waters Corp. †		7,181
	22	West Pharmaceutical Services, Inc.		8,097
				244,612
Industrials — 15.4%
	128	Ameresco, Inc., Class A †		7,451
	254	Aris Water Solution, Inc., Class A		2,776
	618	Array Technologies, Inc. †		11,773
	748	Ballard Power Systems, Inc. †		3,531
	370	Blink Charging Co. †		2,368
	458	Bloom Energy Corp., Class A †		8,180
	108	Casella Waste Systems, Inc. †		8,715
	518	ChargePoint Holdings, Inc. †		4,486
	22	Cintas Corp.		11,045
	478	Emeren Group, Ltd. ADR †		1,840
	112	EnerSys		12,131
	318	Fluence Energy, Inc. †		9,298
	910	Freyr Battery SA †		7,662
	1,696	FuelCell Energy, Inc. †		3,714
	386	GreenPower Motor Co., Inc. †		1,787
	98	Heritage-Crystal Clean, Inc. †		4,515
	216	Johnson Controls International PLC		15,023
	86	ManpowerGroup, Inc.		6,784
	860	Nikola Corp. †		2,296
	348	Plug Power, Inc. †		4,566
	408	Shoals Technologies Group, Inc., Class A †		10,592
	152	Stericycle, Inc. †		6,458
	456	SunPower Corp. †		4,501
	276	Sunrun, Inc. †		5,238
	1,076	Sunworks, Inc. †		1,861
	218	TPI Composites, Inc. †		1,295
	46	Watts Water Technologies, Inc., Class A		8,581
	76	Xylem, Inc.		8,569
				177,036

Strategy Shares Halt Climate Change ETF (NZRO) July 31, 2023 (Unaudited)

Shares			Value
Common Stocks – (Continued)
Information Technology — 29.8%
	85	Adobe, Inc. †	$	46,423
	188	Apple, Inc.		36,933
	64	Autodesk, Inc. †		13,567
	296	Canadian Solar, Inc. †		10,703
	418	Cisco Systems, Inc.		21,753
	60	Enphase Energy, Inc. †		9,110
	104	First Solar, Inc. †		21,569
	30	Gartner, Inc. †		10,608
	44	Intuit, Inc.		22,515
	46	Keysight Technologies, Inc. †		7,410
	242	Maxeon Solar Technologies, Ltd. †		5,975
	104	Microsoft Corp.		34,936
	94	NetApp, Inc.		7,333
	290	Oracle Corp.		33,997
	112	Salesforce, Inc. †		25,201
	44	ServiceNow, Inc. †		25,652
	36	SolarEdge Technologies, Inc. †		8,693
				342,378
Materials — 2.2%
	74	Ecolab, Inc.		13,553
	1,016	PureCycle Technologies, Inc. †		12,029
				25,582
Real Estate — 0.6%
	82	CBRE Group, Inc., Class A †		6,831
Utilities — 7.9%
	52	American Water Works Co., Inc.		7,666
	260	Atlantica Sustainable Infrastructure PLC		6,271
	262	Brookfield Renewable Corp., Class A		8,167
	130	California Water Service Group		6,893
	262	Clearway Energy, Inc., Class C		6,919
	188	Global Water Resources, Inc.		2,388
	902	Montauk Renewables, Inc. †		7,893
	114	NextEra Energy Partners LP		6,207
	298	NextEra Energy, Inc.		21,843
	116	Ormat Technologies, Inc.		9,430
	374	Sunnova Energy International, Inc. †		6,605
				90,282
Total Common Stocks (Cost $1,230,542)			$	1,142,744
Total Investments — 99.4% (Cost $1,230,542)			$	1,142,744
Other Assets less Liabilities — 0.6%				6,507
Net Assets — 100.0%			$	1,149,251

ADR — American Depositary Receipt

LP — Limited Partnership

MSCI — Morgan Stanley Capital International

PLC — Public Liability Company

† Non-income producing security

Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) July 31, 2023 (Unaudited)

Portfolio of Investments Summary Table
	Percentage of Value
Exchange-Traded Funds	100.0%
Total	100.0%
Portfolio holdings and allocations are subject to change. As of July 31, 2023, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.

Portfolio of Investments

Shares			Value
Exchange-Traded Funds — 99.8%
	9,782	iShares 1-3 Year Treasury Bond ETF	$	793,516
	1,005	iShares 7-10 Year Treasury Bond ETF		96,219
	134,536	iShares Core MSCI EAFE ETF		9,356,979
	74,236	iShares Core S&P 500 ETF		34,161,922
Total Exchange-Traded Funds (Cost $41,933,086)			$	44,408,636
Total Investments — 99.8% (Cost $41,933,086)			$	44,408,636
Other Assets less Liabilities — 0.2%				101,220
Net Assets — 100.0%			$	44,509,856

ETF — Exchange-Traded Fund

MSCI EAFE — MSCI Europe, Australasia and Far East

MSCI — Morgan Stanley Capital International

S&P — Standard and Poor’s