FORMULAFOLIOS HEDGED GROWTH ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
EXCHANGE-TRADED FUNDS — 98.0% | |||||||
EQUITY - 55.5% | |||||||
30,333 | iShares Core S&P 500 ETF | $ 13,731,446 | |||||
33,295 | iShares Core S&P Mid-Cap ETF | 8,799,869 | |||||
83,036 | iShares Core S&P Small-Cap ETF | 8,368,368 | |||||
64,561 | Vanguard High Dividend Yield ETF | 6,952,574 | |||||
37,852,257 | |||||||
FIXED INCOME - 42.5% | |||||||
202,812 | iShares 1-3 Year Treasury Bond ETF | 16,476,447 | |||||
136,418 | SPDR Bloomberg 1-3 Month T-Bill ETF | 12,531,357 | |||||
29,007,804 | |||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $65,585,518) | 66,860,061 | ||||||
TOTAL INVESTMENTS - 98.0% (Cost $65,585,518) | $ 66,860,061 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 2.0% | 1,382,385 | ||||||
NET ASSETS - 100.0% | $ 68,242,446 | ||||||
ETF | - Exchange-Traded Fund |
SPDR | - Standard & Poor's Depositary Receipt |
FORMULAFOLIOS SMART GROWTH ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
EXCHANGE-TRADED FUNDS — 99.3% | |||||||
EQUITY - 76.3% | |||||||
14,039 | iShares Core S&P 500 ETF | $ 6,355,316 | |||||
9,561 | iShares Core S&P Mid-Cap ETF | 2,526,972 | |||||
24,272 | iShares Core S&P Small-Cap ETF | 2,446,132 | |||||
14,953 | SPDR S&P Dividend ETF | 1,828,004 | |||||
17,352 | Vanguard High Dividend Yield ETF | 1,868,637 | |||||
15,025,061 | |||||||
FIXED INCOME - 23.0% | |||||||
49,428 | SPDR Bloomberg 1-3 Month T-Bill ETF | 4,540,456 | |||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $16,885,507) | 19,565,517 | ||||||
TOTAL INVESTMENTS - 99.3% (Cost $16,885,507) | $ 19,565,517 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 0.7% | 143,076 | ||||||
NET ASSETS - 100.0% | $ 19,708,593 | ||||||
ETF | - Exchange-Traded Fund |
SPDR | - Standard & Poor's Depositary Receipt |
FORMULAFOLIOS TACTICAL GROWTH ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
EXCHANGE-TRADED FUNDS — 98.6% | |||||||
FIXED INCOME - 98.6% | |||||||
63,169 | iShares 0-3 Month Treasury Bond ETF | $ 6,359,223 | |||||
47,652 | iShares Core U.S. Aggregate Bond ETF | 4,612,714 | |||||
36,906 | SPDR Bloomberg 1-3 Month T-Bill ETF | 3,390,185 | |||||
128,892 | Vanguard Ultra Short Bond ETF(a) | 6,349,220 | |||||
20,711,342 | |||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $20,837,847) | 20,711,342 | ||||||
Shares | Fair Value | ||||||
SHORT-TERM INVESTMENT — 1.3% | |||||||
MONEY MARKET FUND - 1.3% | |||||||
266,325 | Morgan Stanley Institutional Liquidity Funds Government Funds – Institutional Class, 5.17% (Cost $266,325)(b)(c) | 266,325 | |||||
TOTAL INVESTMENTS - 99.9% (Cost $21,104,172) | $ 20,977,667 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 0.1% | 26,182 | ||||||
NET ASSETS - 100.0% | $ 21,003,849 | ||||||
ETF | - Exchange-Traded Fund |
SPDR | - Standard & Poor's Depositary Receipt |
(a) | All or a portion of the security is on loan. The total fair value of securities on loan as of August 31, 2023 was $260,972. |
(b) | Security was purchased with cash received as collateral for securities on loan at August 31, 2023. Total collateral had a value of $266,325 at August 31, 2023. |
(c) | Rate disclosed is the seven day effective yield as of August 31, 2023. |
FORMULAFOLIOS TACTICAL INCOME ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
EXCHANGE-TRADED FUNDS — 98.0% | |||||||
FIXED INCOME - 98.0% | |||||||
178,478 | iShares 1-3 Year Treasury Bond ETF | $ 14,499,553 | |||||
133,955 | iShares 7-10 Year Treasury Bond ETF | 12,698,934 | |||||
152,180 | iShares Core U.S. Aggregate Bond ETF | 14,731,024 | |||||
126,826 | SPDR Bloomberg 1-3 Month T-Bill ETF | 11,650,236 | |||||
238,430 | Vanguard Total Bond Market ETF | 17,107,353 | |||||
70,687,100 | |||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $78,765,824) | 70,687,100 | ||||||
TOTAL INVESTMENTS - 98.0% (Cost $78,765,824) | $ 70,687,100 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 2.0% | 1,447,342 | ||||||
NET ASSETS - 100.0% | $ 72,134,442 | ||||||
ETF | - Exchange-Traded Fund |
SPDR | - Standard & Poor's Depositary Receipt |