AXS Merger Fund
SCHEDULE OF INVESTMENTS
As of June 30, 2024 (Unaudited)
Number of Shares | Value | |
COMMON STOCKS — 59.7% | ||
APPAREL — 3.8% | ||
18,100 | Capri Holdings Ltd.*,1 | $598,748 |
BANKS — 0.3% | ||
1 | Columbia Banking System, Inc. | 20 |
900 | Independent Bank Group, Inc. | 40,968 |
40,988 | ||
BIOTECHNOLOGY — 1.6% | ||
4,900 | Cerevel Therapeutics Holdings, Inc.* | 200,361 |
2,300 | Olink Holding A.B. - ADR* | 58,604 |
258,965 | ||
COMMERCIAL SERVICES — 2.7% | ||
7,100 | Aaron's Co., Inc. | 70,858 |
2,400 | Nuvei Corp. | 77,712 |
6,200 | Park Lawn Corp. | 117,873 |
17,900 | Target Hospitality Corp.* | 155,909 |
422,352 | ||
DIVERSIFIED FINANCIAL SERVICES — 1.5% | ||
7,300 | Canaccord Genuity Group, Inc. | 45,141 |
1,500 | Discover Financial Services | 196,215 |
241,356 | ||
ELECTRIC — 0.5% | ||
3,600 | Atlantica Sustainable Infrastructure PLC | 79,020 |
ELECTRICAL COMPONENTS & EQUIPMENT — 5.6% | ||
3,100 | Encore Wire Corp.1 | 898,473 |
ENTERTAINMENT — 0.4% | ||
10,100 | Cineplex, Inc.* | 60,684 |
ENVIRONMENTAL CONTROL — 0.7% | ||
1,900 | Stericycle, Inc.* | 110,447 |
FOOD — 0.7% | ||
2,000 | Albertsons Cos., Inc. | 39,500 |
13,800 | Whole Earth Brands, Inc.* | 67,068 |
106,568 | ||
HEALTHCARE-PRODUCTS — 6.5% | ||
7,200 | Axonics, Inc.*,1 | 484,056 |
8,600 | Silk Road Medical, Inc.* | 232,544 |
AXS Merger Fund
SCHEDULE OF INVESTMENTS - Continued
As of June 30, 2024 (Unaudited)
Number of Shares | Value | |
COMMON STOCKS (Continued) | ||
HEALTHCARE-PRODUCTS (Continued) | ||
7,500 | Surmodics, Inc.*,1 | $315,300 |
1,031,900 | ||
HOME FURNISHINGS — 1.8% | ||
26,600 | Vizio Holding Corp. - Class A*,1 | 287,280 |
INTERNET — 2.5% | ||
3,800 | Perficient, Inc.* | 284,202 |
2,700 | Squarespace, Inc.* | 117,801 |
402,003 | ||
IRON/STEEL — 2.4% | ||
1,700 | Haynes International, Inc. | 99,790 |
7,400 | United States Steel Corp. | 279,720 |
379,510 | ||
MACHINERY-DIVERSIFIED — 2.2% | ||
16,500 | Hollysys Automation Technologies Ltd.* | 357,060 |
MEDIA — 0.1% | ||
700 | Endeavor Group Holdings, Inc. - Class A | 18,921 |
OIL & GAS — 13.2% | ||
1,600 | Diamond Offshore Drilling, Inc.* | 24,784 |
12,700 | Hess Corp. | 1,873,504 |
800 | SilverBow Resources, Inc.* | 30,264 |
26,400 | Southwestern Energy Co.* | 177,672 |
2,106,224 | ||
OIL & GAS SERVICES — 0.4% | ||
1,900 | ChampionX Corp. | 63,099 |
PIPELINES — 1.7% | ||
20,800 | Equitrans Midstream Corp. | 269,984 |
RETAIL — 1.9% | ||
3,500 | Hibbett, Inc. | 305,235 |
SOFTWARE — 8.5% | ||
2,220 | ANSYS, Inc.* | 713,730 |
9,000 | Everbridge, Inc.* | 314,910 |
7,800 | HashiCorp, Inc. - Class A* | 262,782 |
9,700 | Sharecare, Inc.* | 13,095 |
1 | Unity Software, Inc.* | 13 |
AXS Merger Fund
SCHEDULE OF INVESTMENTS - Continued
As of June 30, 2024 (Unaudited)
Number of Shares | Value | |
COMMON STOCKS (Continued) | ||
SOFTWARE (Continued) | ||
2,900 | WalkMe Ltd.* | $40,513 |
1,345,043 | ||
TRANSPORTATION — 0.7% | ||
13,800 | Overseas Shipholding Group, Inc. - Class A | 117,024 |
TOTAL COMMON STOCKS | ||
(Cost $9,919,570) | 9,500,884 | |
WARRANTS — 0.0% | ||
PHARMACEUTICALS — 0.0% | ||
6,700 | Bristol-Myers Squibb Co. , Strike Price: 1.00 USD, Expiration Date: December 31, 2026* | 4,690 |
TOTAL WARRANTS | ||
(Cost $0) | 4,690 | |
SHORT-TERM INVESTMENTS — 1.5% | ||
243,761 | Fidelity Investments Money Market Funds - Treasury Portfolio, Class I, 5.12%2 | 243,761 |
TOTAL SHORT-TERM INVESTMENTS | ||
(Cost $243,761) | 243,761 | |
TOTAL INVESTMENTS — 61.2% | ||
(Cost $10,163,331) | 9,749,335 | |
Other Assets in Excess of Liabilities — 38.8% | 6,168,286 | |
TOTAL NET ASSETS — 100.0% | $15,917,621 | |
SECURITIES SOLD SHORT — (20.6)% | ||
COMMON STOCKS — (20.6)% | ||
BANKS — (0.3)% | ||
(540) | SouthState Corp. | (41,267) |
DIVERSIFIED FINANCIAL SERVICES — (1.3)% | ||
(1,528) | Capital One Financial Corp. | (211,551) |
(1) | Intercontinental Exchange, Inc. | (137) |
(211,688) | ||
OIL & GAS — (15.8)% | ||
(2) | APA Corp. | (59) |
(2,289) | Chesapeake Energy Corp. | (188,133) |
(13,020) | Chevron Corp. | (2,036,589) |
(373) | Crescent Energy Co. - Class A | (4,420) |
(7,289) | EQT Corp. | (269,547) |
(371) | Noble Corp. PLC | (16,565) |
(2,515,313) |
AXS Merger Fund
SCHEDULE OF INVESTMENTS - Continued
As of June 30, 2024 (Unaudited)
Number of Shares | Value | |
SECURITIES SOLD SHORT (Continued) | ||
COMMON STOCKS (Continued) | ||
OIL & GAS SERVICES — (0.4)% | ||
(1,397) | Schlumberger N.V. | $(65,910) |
SOFTWARE — (2.8)% | ||
(760) | Synopsys, Inc.* | (452,246) |
TOTAL COMMON STOCKS | ||
(Proceeds $3,189,841) | (3,286,424) | |
TOTAL SECURITIES SOLD SHORT | ||
(Proceeds $3,189,841) | $(3,286,424) |
ADR – American Depository Receipt |
PLC – Public Limited Company |
*Non-income producing security. |
1All or a portion of this security is segregated as collateral for securities sold short. The market value of the securities pledged as collateral was $2,461,622, which represents 15.5% of total net assets of the Fund. |
2The rate is the annualized seven-day yield at period end. |