Schedule of Investments - InfraCap MLP ETF
January 31, 2024 (unaudited)
| Security Description | | Shares | | | Value | |
| COMMON STOCKS - 130.6% | | | | | | | | |
| Energy - 130.6% | | | | | | | | |
| Cheniere Energy Partners LP(1) | | | 453,008 | | | $ | 23,973,183 | |
| Cheniere Energy, Inc.(1)(2) | | | 32,863 | | | | 5,389,203 | |
| Delek Logistics Partners LP | | | 143,179 | | | | 6,723,686 | |
| Energy Transfer LP(1)(2) | | | 4,287,607 | | | | 61,312,780 | |
| EnLink Midstream LLC(1) | | | 2,518,802 | | | | 30,376,752 | |
| Enterprise Products Partners LP(1)(2) | | | 1,908,985 | | | | 51,084,439 | |
| Genesis Energy LP(1) | | | 772,220 | | | | 8,903,697 | |
| Global Partners LP | | | 12,115 | | | | 570,495 | |
| Hess Midstream LP Class A | | | 436,484 | | | | 14,757,524 | |
| HF Sinclair Corp.(1)(2) | | | 84,891 | | | | 4,795,493 | |
| Kinder Morgan, Inc.(1)(2) | | | 364,099 | | | | 6,160,555 | |
| Marathon Petroleum Corp.(2) | | | 32,747 | | | | 5,422,903 | |
| MPLX LP(1) | | | 1,595,535 | | | | 61,507,874 | |
| New Fortress Energy, Inc.(2) | | | 132,848 | | | | 4,414,539 | |
| NuStar Energy LP(1) | | | 1,739,672 | | | | 38,272,784 | |
| ONEOK, Inc.(1)(2) | | | 190,393 | | | | 12,994,322 | |
| Phillips 66 | | | 2,212 | | | | 319,214 | |
| Plains All American Pipeline LP(1) | | | 3,661,626 | | | | 56,535,506 | |
| Sunoco LP | | | 60,054 | | | | 3,571,411 | |
| Targa Resources Corp.(1)(2) | | | 81,980 | | | | 6,965,021 | |
| USA Compression Partners LP | | | 70,695 | | | | 1,763,840 | |
| Valero Energy Corp.(2) | | | 6,192 | | | | 860,069 | |
| Western Midstream Partners LP(1) | | | 1,511,142 | | | | 43,415,110 | |
| Williams Cos., Inc. (The)(1)(2) | | | 131,963 | | | | 4,573,838 | |
| Total Energy | | | | | | | 454,664,238 | |
| Utilities - 0.0%(3) | | | | | | | | |
| Suburban Propane Partners LP | | | 5,039 | | | | 99,873 | |
| Total Common Stocks | | | | | | | | |
| (Cost $312,271,866) | | | | | | | 454,764,111 | |
| | | | | | | | | |
| PREFERRED STOCKS - 0.7% | | | | | | | | |
| | | | | | | | | |
| Energy - 0.7% | | | | | | | | |
| Brookfield Infrastructure Finance ULC, 5.00% (Canada) | | | 941 | | | | 16,608 | |
| Energy Transfer LP, Series I, 9.25% | | | 220,467 | | | | 2,467,026 | |
| NuStar Energy LP, Series B, 11.28% | | | 1,041 | | | | 26,754 | |
| Total Energy | | | | | | | 2,510,388 | |
| | | | | | | | | |
| Total Preferred Stocks | | | | | | | | |
| (Cost $2,113,519) | | | | | | | 2,510,388 | |
| MONEY MARKET FUND - 0.5% | | | | | | | | |
Dreyfus Government Cash Management Fund, Institutional Shares, 5.22%(4)
(Cost $1,629,334) | | | 1,629,334 | | | | 1,629,334 | |
| | | | | | | | | |
| TOTAL INVESTMENTS - 131.8% | | | | | | | | |
| (Cost $316,014,719) | | | | | | | 458,903,833 | |
| Liabilities in Excess of Other Assets - (31.8)% | | | | | | | (110,766,007 | ) |
| Net Assets - 100.0% | | | | | | $ | 348,137,826 | |
| Security Description | | Notional
Amount | | | Number
of
contracts | | | Value | |
| WRITTEN OPTIONS - (0.2)% | | | | | | |
| | | | | | | |
| Written Call Options | | | | | | | | | | | | |
| Cheniere Energy, Inc., Expires 02/02/24, Strike Price $172.50 | | | (10,000 | ) | | | (100 | ) | | $ | (500 | ) |
| Cheniere Energy, Inc., Expires 02/02/24, Strike Price $175.00 | | | (1,000 | ) | | | (10 | ) | | | (10 | ) |
| Cheniere Energy, Inc., Expires 02/09/24, Strike Price $175.00 | | | (10,000 | ) | | | (100 | ) | | | (1,000 | ) |
| Energy Transfer LP, Expires 02/02/24, Strike Price $14.00 | | | (100,000 | ) | | | (1,000 | ) | | | (32,000 | ) |
| Energy Transfer LP, Expires 02/16/24, Strike Price $14.00 | | | (100,000 | ) | | | (1,000 | ) | | | (36,000 | ) |
| Energy Transfer LP, Expires 04/19/24, Strike Price $15.00 | | | (37,500 | ) | | | (375 | ) | | | (4,125 | ) |
| Enterprise Products Partners LP, Expires 02/16/24, Strike Price $27.00 | | | (22,900 | ) | | | (229 | ) | | | (5,725 | ) |
| Enterprise Products Partners LP, Expires 02/23/24, Strike Price $27.00 | | | (3,200 | ) | | | (32 | ) | | | (800 | ) |
| Enterprise Products Partners LP, Expires 06/21/24, Strike Price $28.00 | | | (10,000 | ) | | | (100 | ) | | | (3,700 | ) |
| HF Sinclair Corp., Expires 02/16/24, Strike Price $55.00 | | | (50,000 | ) | | | (500 | ) | | | (132,500 | ) |
| HF Sinclair Corp., Expires 03/15/24, Strike Price $60.00 | | | (30,000 | ) | | | (300 | ) | | | (36,000 | ) |
| Kinder Morgan, Inc., Expires 02/02/24, Strike Price $18.50 | | | (25,000 | ) | | | (250 | ) | | | 0 | |
| Kinder Morgan, Inc., Expires 03/15/24, Strike Price $18.00 | | | (100,000 | ) | | | (1,000 | ) | | | (8,000 | ) |
| Kinder Morgan, Inc., Expires 03/15/24, Strike Price $19.00 | | | (200,000 | ) | | | (2,000 | ) | | | (4,000 | ) |
| Kinder Morgan, Inc., Expires 04/19/24, Strike Price $19.00 | | | (100,000 | ) | | | (1,000 | ) | | | (3,000 | ) |
| Marathon Petroleum Corp., Expires 02/02/24, Strike Price $160.00 | | | (10,000 | ) | | | (100 | ) | | | (54,500 | ) |
| Marathon Petroleum Corp., Expires 02/16/24, Strike Price $165.00 | | | (20,000 | ) | | | (200 | ) | | | (90,000 | ) |
| New Fortress Energy, Inc., Expires 03/15/24, Strike Price $40.00 | | | (1,600 | ) | | | (16 | ) | | | (1,040 | ) |
| ONEOK, Inc., Expires 02/16/24, Strike Price $75.00 | | | (25,000 | ) | | | (250 | ) | | | (1,250 | ) |
| ONEOK, Inc., Expires 02/16/24, Strike Price $77.50 | | | (25,000 | ) | | | (250 | ) | | | 0 | |
| ONEOK, Inc., Expires 04/19/24, Strike Price $75.00 | | | (51,000 | ) | | | (510 | ) | | | (35,190 | ) |
Schedule of Investments - InfraCap MLP ETF (continued)
January 31, 2024 (unaudited)
| Security Description | | Notional
Amount | | | Number
of
contracts | | | Value | |
| WRITTEN OPTIONS (continued) | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Written Call Options (continued) | | | | | | | | | | | | |
| Targa Resources Corp., Expires 02/16/24, Strike Price $87.50 | | | (30,000 | ) | | | (300 | ) | | $ | (46,800 | ) |
| Targa Resources Corp., Expires 03/15/24, Strike Price $92.50 | | | (10,000 | ) | | | (100 | ) | | | (7,500 | ) |
| Targa Resources Corp., Expires 03/15/24, Strike Price $95.00 | | | (7,700 | ) | | | (77 | ) | | | (3,465 | ) |
| Valero Energy Corp., Expires 02/16/24, Strike Price $135.00 | | | (5,000 | ) | | | (50 | ) | | | (31,250 | ) |
| Williams Cos., Inc. (The), Expires 02/02/24, Strike Price $37.00 | | | (25,000 | ) | | | (250 | ) | | | 0 | |
| Williams Cos., Inc. (The), Expires 02/09/24, Strike Price $35.00 | | | (50,000 | ) | | | (500 | ) | | | (27,000 | ) |
| Williams Cos., Inc. (The), Expires 02/09/24, Strike Price $36.00 | | | (50,000 | ) | | | (500 | ) | | | (3,500 | ) |
| Written Put Options | | | | | | | | | | | | |
| Marathon Petroleum Corp., Expires 02/02/24, Strike Price $162.50 | | | (5,000 | ) | | | (50 | ) | | | (2,800 | ) |
| Marathon Petroleum Corp., Expires 02/09/24, Strike Price $160.00 | | | (10,000 | ) | | | (100 | ) | | | (11,300 | ) |
| Marathon Petroleum Corp., Expires 02/16/24, Strike Price $157.50 | | | (20,000 | ) | | | (200 | ) | | | (25,000 | ) |
| Marathon Petroleum Corp., Expires 02/16/24, Strike Price $160.00 | | | (5,000 | ) | | | (50 | ) | | | (8,600 | ) |
| ONEOK, Inc., Expires 02/16/24, Strike Price $65.00 | | | (50,000 | ) | | | (500 | ) | | | (10,000 | ) |
| ONEOK, Inc., Expires 03/15/24, Strike Price $65.00 | | | (50,000 | ) | | | (500 | ) | | | (35,000 | ) |
| Phillips 66, Expires 02/09/24, Strike Price $139.00 | | | (10,000 | ) | | | (100 | ) | | | (5,000 | ) |
| Valero Energy Corp., Expires 02/16/24, Strike Price $134.00 | | | (10,000 | ) | | | (100 | ) | | | (11,300 | ) |
| Total Written Options - (0.2)% | | | | | | | | | | | | |
| (Premiums Received $441,035) | | | | | | | | | | $ | (677,855 | ) |
| (1) | Security, or a portion thereof, has been pledged as collateral for borrowings. The aggregate market value of the collateral at January 31, 2024 was $375,550,648. |
| (2) | Subject to written call options. |
| (3) | Amount rounds to less than 0.05%. |
| (4) | The rate shown reflects the seven-day yield as of January 31, 2024. |
Schedule of Investments - InfraCap MLP ETF (continued)
January 31, 2024 (unaudited)
Fair Value Measurements
The Fund utilizes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access. Level 2 includes 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 securities, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data. Level 3 includes 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 would be based on the best information available. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following table summarizes valuation of the Fund’s investments under the fair value hierarchy levels as of January 31, 2024.
| | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Asset Valuation Inputs | | | | | | | | | | | | | | | | |
| Common Stocks | | $ | 454,764,111 | | | $ | — | | | $ | — | | | $ | 454,764,111 | |
| Preferred Stocks | | | 2,510,388 | | | | — | | | | — | | | | 2,510,388 | |
| Money Market Fund | | | 1,629,334 | | | | — | | | | — | | | | 1,629,334 | |
| Total | | $ | 458,903,833 | | | $ | — | | | $ | — | | | $ | 458,903,833 | |
| Liability Valuation Inputs | | | | | | | | | | | | | | | | |
| Written Options | | $ | 674,345 | | | $ | 3,510 | | | $ | — | | | $ | 677,855 | |
| Total | | $ | 674,345 | | | $ | 3,510 | | | $ | — | | | $ | 677,855 | |
