REGENTS PARK HEDGED MARKET STRATEGY ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
October 31, 2023 | |||||||
Principal Amount ($) | Spread | Coupon Rate (%) | Maturity | Fair Value | |||
CORPORATE BONDS — 42.2% | |||||||
AEROSPACE & DEFENSE — 1.6% | |||||||
796,000 | L3 Technologies, Inc. | 3.9500 | 05/28/24 | $ 787,237 | |||
500,000 | Raytheon Technologies Corporation | 3.7000 | 12/15/23 | 498,709 | |||
1,285,946 | |||||||
ASSET MANAGEMENT — 0.6% | |||||||
500,000 | Charles Schwab Corporation (The) | 3.5500 | 02/01/24 | 496,776 | |||
AUTOMOTIVE — 3.0% | |||||||
500,000 | Daimler Finance North America, LLC(a) | 3.6500 | 02/22/24 | 496,529 | |||
400,000 | Ford Motor Credit Company, LLC | 3.3700 | 11/17/23 | 399,879 | |||
525,000 | Ford Motor Credit Company, LLC | 3.8100 | 01/09/24 | 522,541 | |||
1,000,000 | Volkswagen Group of America Finance, LLC(a) | 4.2500 | 11/13/23 | 999,411 | |||
2,418,360 | |||||||
BANKING — 10.0% | |||||||
829,000 | Bank of Ireland Group plc(a) | 4.5000 | 11/25/23 | 827,505 | |||
404,000 | Bank of Montreal(b) | 0.4500 | 12/29/23 | 398,808 | |||
500,000 | Bank of Montreal | 3.3000 | 02/05/24 | 496,398 | |||
250,000 | BNP Paribas S.A.(a) | 4.3750 | 09/28/25 | 239,431 | |||
700,000 | BPCE S.A.(a) | 4.5000 | 03/15/25 | 675,406 | |||
500,000 | Canadian Imperial Bank of Commerce | 3.8500 | 02/16/24 | 494,101 | |||
500,000 | Citibank NA | 3.6500 | 01/23/24 | 497,359 | |||
100,000 | Cooperatieve Rabobank UA | 4.6250 | 12/01/23 | 99,823 | |||
1,168,000 | Credit Agricole S.A.(a) | 4.3750 | 03/17/25 | 1,129,236 | |||
100,000 | Fifth Third Bancorp | 4.3000 | 01/16/24 | 99,519 | |||
850,000 | Fifth Third Bancorp | 3.6500 | 01/25/24 | 843,969 | |||
950,000 | Societe Generale S.A.(a) | 4.2500 | 04/14/25 | 910,165 | |||
1,000,000 | Svenska Handelsbanken A.B. | 3.9000 | 11/20/23 | 998,853 | |||
420,000 | Toronto-Dominion Bank (The) | 2.6500 | 06/12/24 | 411,536 | |||
8,122,109 | |||||||
BIOTECH & PHARMA — 0.7% | |||||||
200,000 | AbbVie, Inc. | 3.7500 | 11/14/23 | 199,832 | |||
355,000 | Bayer US Finance II, LLC(a) | 3.8750 | 12/15/23 | 354,034 | |||
553,866 |
REGENTS PARK HEDGED MARKET STRATEGY ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
October 31, 2023 | |||||||
Principal Amount ($) | Spread | Coupon Rate (%) | Maturity | Fair Value | |||
CORPORATE BONDS — 42.2% (Continued) | |||||||
CONTAINERS & PACKAGING — 0.5% | |||||||
400,000 | Ball Corporation | 4.0000 | 11/15/23 | $ 399,445 | |||
ELECTRIC UTILITIES — 4.1% | |||||||
560,000 | American Electric Power Company, Inc. | 0.7500 | 11/01/23 | 560,000 | |||
350,000 | Electricite de France S.A.(a) | 3.6250 | 10/13/25 | 336,431 | |||
700,000 | Enel Finance International N.V.(a) | 2.6500 | 09/10/24 | 679,044 | |||
500,000 | Pennsylvania Electric Company(a) | 4.1500 | 04/15/25 | 482,784 | |||
1,300,000 | Public Service Enterprise Group, Inc. | 0.8410 | 11/08/23 | 1,298,836 | |||
3,357,095 | |||||||
ENTERTAINMENT CONTENT — 1.2% | |||||||
1,000,000 | Walt Disney Company (The) B | 7.7500 | 01/20/24 | 1,003,474 | |||
FOOD — 1.6% | |||||||
150,000 | Cargill, Inc.(a) | 0.4000 | 02/02/24 | 147,962 | |||
950,000 | Danone S.A.(a) | 2.5890 | 11/02/23 | 950,000 | |||
250,000 | Mondelez International, Inc. B | 2.1250 | 03/17/24 | 246,429 | |||
1,344,391 | |||||||
GAS & WATER UTILITIES — 1.2% | |||||||
1,000,000 | Korea Gas Corporation(a) | 3.8750 | 02/12/24 | 993,912 | |||
HEALTH CARE FACILITIES & SERVICES — 2.3% | |||||||
434,000 | Cigna Corporation | 0.6130 | 03/15/24 | 425,457 | |||
500,000 | CVS Health Corporation | 4.0000 | 12/05/23 | 498,981 | |||
500,000 | Laboratory Corp of America Holdings | 4.0000 | 11/01/23 | 500,000 | |||
500,000 | Laboratory Corp of America Holdings | 3.2500 | 09/01/24 | 488,857 | |||
1,913,295 | |||||||
INSTITUTIONAL FINANCIAL SERVICES — 1.8% | |||||||
500,000 | Bank of New York Mellon Corporation (The) | 3.6500 | 02/04/24 | 496,836 | |||
500,000 | Goldman Sachs Group, Inc. (The) | 1.2170 | 12/06/23 | 497,709 | |||
500,000 | Morgan Stanley MTN(c) | SOFRRATE + 0.455% | 5.7660 | 01/25/24 | 499,932 | ||
1,494,477 | |||||||
INSURANCE — 1.2% | |||||||
500,000 | American International Group, Inc. | 4.1250 | 02/15/24 | 496,899 |
REGENTS PARK HEDGED MARKET STRATEGY ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
October 31, 2023 | |||||||
Principal Amount ($) | Spread | Coupon Rate (%) | Maturity | Fair Value | |||
CORPORATE BONDS — 42.2% (Continued) | |||||||
INSURANCE — 1.2% (Continued) | |||||||
500,000 | Pacific Life Insurance Company(a) | 7.9000 | 12/30/23 | $ 500,727 | |||
997,626 | |||||||
LEISURE FACILITIES & SERVICES — 0.6% | |||||||
500,000 | Marriott International, Inc. | 4.1500 | 12/01/23 | 499,270 | |||
MEDICAL EQUIPMENT & DEVICES — 1.1% | |||||||
300,000 | Baxter International, Inc. | 0.8680 | 12/01/23 | 298,764 | |||
600,000 | Becton Dickinson and Company | 3.7340 | 12/15/24 | 585,390 | |||
884,154 | |||||||
OIL & GAS PRODUCERS — 1.2% | |||||||
1,000,000 | Phillips 66 | 0.9000 | 02/15/24 | 984,662 | |||
REAL ESTATE INVESTMENT TRUSTS — 2.8% | |||||||
1,000,000 | American Tower Corporation | 0.6000 | 01/15/24 | 988,682 | |||
750,000 | Crown Castle International Corporation | 3.2000 | 09/01/24 | 732,490 | |||
375,000 | Office Properties Income Trust | 4.2500 | 05/15/24 | 351,298 | |||
200,000 | VICI Properties, L.P. / VICI Note Company, Inc.(a) | 5.6250 | 05/01/24 | 198,769 | |||
2,271,239 | |||||||
RETAIL - CONSUMER STAPLES — 0.6% | |||||||
500,000 | Walgreens Boots Alliance, Inc. | 0.9500 | 11/17/23 | 498,849 | |||
SPECIALTY FINANCE — 3.3% | |||||||
500,000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 4.8750 | 01/16/24 | 498,459 | |||
1,500,000 | American Express Company | 3.4000 | 02/22/24 | 1,488,139 | |||
750,000 | Capital One Financial Corporation(c) | SOFRRATE + 0.690% | 1.3430 | 12/06/24 | 742,465 | ||
2,729,063 | |||||||
TECHNOLOGY SERVICES — 0.7% | |||||||
600,000 | International Business Machines Corporation | 3.6250 | 02/12/24 | 596,417 | |||
TELECOMMUNICATIONS — 1.8% | |||||||
980,000 | British Telecommunications plc | 4.5000 | 12/04/23 | 978,439 | |||
500,000 | T-Mobile USA, Inc. | 3.5000 | 04/15/25 | 483,042 | |||
1,461,481 |
REGENTS PARK HEDGED MARKET STRATEGY ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
October 31, 2023 | |||||||
Principal Amount ($) | Spread | Coupon Rate (%) | Maturity | Fair Value | |||
CORPORATE BONDS — 42.2% (Continued) | |||||||
TRANSPORTATION EQUIPMENT — 0.3% | |||||||
250,000 | Daimler Trucks Finance North America, LLC(a) | 1.1250 | 12/14/23 | $ 248,642 | |||
TOTAL CORPORATE BONDS (Cost $34,910,157) | 34,554,549 | ||||||
Principal Amount ($) | Coupon Rate (%) | Maturity | Fair Value | ||||
U.S. GOVERNMENT & AGENCIES — 53.7% | |||||||
U.S. TREASURY BILLS — 53.7% | |||||||
41,000,000 | United States Treasury Bill(d) | – | 11/02/23 | 40,994,001 | |||
1,600,000 | United States Treasury Bill(d) | – | 01/11/24 | 1,583,307 | |||
1,000,000 | United States Treasury Note | 2.2500 | 03/31/24 | 986,973 | |||
500,000 | United States Treasury Note | 2.5000 | 04/30/24 | 492,649 | |||
44,056,930 | |||||||
TOTAL U.S. GOVERNMENT & AGENCIES (Cost $44,074,062) | 44,056,930 | ||||||
Contracts(e) | |||||||
INDEX OPTIONS PURCHASED - 0.8% | Broker/Counterparty | Expiration Date | Exercise Price | Notional Value | Fair Value | ||
CALL OPTIONS PURCHASED - 0.1% | |||||||
50 | S&P 500 INDEX | IB | 01/19/2024 | $ 4,500 | $ 22,500,000 | $ 97,250 | |
25 | S&P 500 INDEX | IB | 12/15/2023 | 4,600 | 11,500,000 | 4,500 | |
TOTAL CALL OPTIONS PURCHASED (Cost - $480,317) | 101,750 | ||||||
PUT OPTIONS PURCHASED - 0.7% | |||||||
10 | S&P 500 INDEX | IB | 11/17/2023 | $ 4,400 | $ 4,400,400 | $ 211,850 | |
10 | S&P 500 INDEX | IB | 11/17/2023 | 4,500 | 4,500,000 | 309,300 | |
TOTAL PUT OPTIONS PURCHASED (Cost - $162,928) | 521,150 | ||||||
TOTAL INDEX OPTIONS PURCHASED (Cost - $643,245) | 622,900 | ||||||
TOTAL INVESTMENTS - 96.7% (Cost $79,627,464) | $ 79,234,379 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 3.3% | 2,693,202 | ||||||
NET ASSETS - 100.0% | $ 81,927,581 | ||||||
REGENTS PARK HEDGED MARKET STRATEGY ETF | |||||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||||
October 31, 2023 | |||||||||
OPEN FUTURES CONTRACTS | |||||||||
Number of Contracts | Open Long Futures Contracts | Broker/Counterparty | Expiration | Notional Amount(f) | Value and Unrealized Depreciation | ||||
200 | CME E-Mini Standard & Poor's 500 Index Future | IB | 12/15/2023 | $ 42,122,500 | $ (2,942,500) | ||||
TOTAL FUTURES CONTRACTS | |||||||||
A/S | - Anonim Sirketi | ||||||||
IB | - Interactive Broker | ||||||||
LLC | - Limited Liability Company | ||||||||
Lp | - Limited Partnership | ||||||||
N.V. | - Naamioze Vennootschap | ||||||||
Plc | - Public Limited Company | ||||||||
S&P | - Standard & Poor's | ||||||||
S.A. | - Société Anonyme | ||||||||
SOFRRATE | United States SOFR Secured Overnight Financing Rate | ||||||||
(a) | Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of October 31, 2023 the total market value of 144A securities is $10,169,988 or 12.4% of net assets. |
(b) | Step bond. Coupon rate is fixed rate that changes on a specified date. The rate shown is the current rate at October 31, 2023. |
(c) | Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. |
(d) | Zero coupon bond. |
(e) | Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security. |
(f) | The amounts shown are the underlying reference notional amounts to stock exchange indices and equities upon which the fair value of the futures contracts held by the Fund are based. Notional values do not represent the current fair value of, and are not necessarily indicative of the future cash flows of the Fund's futures contracts. Further, the underlying price changes in relation to the variables specified by the notional values affects the fair value of these derivative financial instruments. The notional values as set forth within this schedule do not purport to represent economic value at risk to the Fund. |