STF Tactical Growth & Income ETF |
Schedule of Investments |
as of December 31, 2023 (Unaudited) |
COMMON STOCKS - 99.1% | Shares | Value | ||||
Accommodation - 0.5% | ||||||
Marriott International, Inc. - Class A | 964 | $ | 217,392 | |||
Administrative and Support Services - 2.5% | ||||||
Baker Hughes Co. | 3,228 | 110,333 | ||||
Booking Holdings, Inc.(a) | 114 | 404,383 | ||||
PayPal Holdings, Inc.(a) | 3,581 | 219,909 | ||||
PDD Holdings, Inc. - ADR(a)(b) | 2,176 | 318,371 | ||||
1,052,996 | ||||||
Apparel Manufacturing - 0.5% | ||||||
Lululemon Athletica, Inc.(a)(b) | 396 | 202,471 | ||||
Beverage and Tobacco Product Manufacturing - 2.9% | ||||||
Coca-Cola Europacific Partners PLC(b) | 1,499 | 100,043 | ||||
Keurig Dr. Pepper, Inc. | 4,599 | 153,239 | ||||
Monster Beverage Corp.(a) | 3,422 | 197,141 | ||||
PepsiCo, Inc. | 4,485 | 761,733 | ||||
1,212,156 | ||||||
Broadcasting - 1.4% | ||||||
Comcast Corp. - Class A | 13,266 | 581,714 | ||||
Broadcasting and Content Providers - 0.4% | ||||||
Sirius XM Holdings, Inc. | 12,751 | 69,748 | ||||
Warner Bros Discovery, Inc.(a) | 7,991 | 90,938 | ||||
160,686 | ||||||
Broadline Retail - 0.6% | ||||||
MercadoLibre, Inc.(a)(b) | 165 | 259,304 | ||||
Chemical Manufacturing - 4.5% | ||||||
Amgen, Inc. | 1,748 | 503,459 | ||||
AstraZeneca PLC - ADR(b) | 1,901 | 128,032 | ||||
Biogen, Inc.(a) | 476 | 123,175 | ||||
Gilead Sciences, Inc. | 4,078 | 330,359 | ||||
Moderna, Inc.(a) | 1,295 | 128,788 | ||||
Regeneron Pharmaceuticals, Inc.(a) | 353 | 310,036 | ||||
Vertex Pharmaceuticals, Inc.(a) | 826 | 336,091 | ||||
1,859,940 | ||||||
Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 0.8% | ||||||
Charter Communications, Inc. - Class A(a) | 486 | 188,898 | ||||
Ross Stores, Inc. | 1,109 | 153,475 | ||||
342,373 | ||||||
Computer and Electronic Product Manufacturing - 30.5%(e) | ||||||
Advanced Micro Devices, Inc.(a) | 5,316 | 783,632 | ||||
Analog Devices, Inc. | 1,630 | 323,653 | ||||
Apple, Inc. | 19,739 | 3,800,349 | ||||
Broadcom, Inc. | 1,551 | 1,731,303 | ||||
Cisco Systems, Inc. | 13,269 | 670,350 | ||||
Fortinet, Inc.(a) | 2,535 | 148,374 | ||||
GE HealthCare Technologies, Inc. | 1,505 | 116,367 | ||||
GLOBALFOUNDRIES, Inc.(a) | 1,781 | 107,929 | ||||
IDEXX Laboratories, Inc.(a) | 273 | 151,529 | ||||
Illumina, Inc.(a) | 519 | 72,266 | ||||
Intel Corp. | 14,054 | 706,214 | ||||
Lam Research Corp. | 434 | 339,935 | ||||
Marvell Technology, Inc. | 2,822 | 170,195 | ||||
Microchip Technology, Inc. | 1,791 | 161,512 | ||||
Micron Technology, Inc. | 3,638 | 310,467 | ||||
NVIDIA Corp. | 3,131 | 1,550,533 | ||||
NXP Semiconductors(b) | 848 | 194,768 | ||||
ON Semiconductor Corp.(a) | 1,415 | 118,195 | ||||
QUALCOMM, Inc. | 3,633 | 525,441 | ||||
Roper Technologies, Inc. | 347 | 189,174 | ||||
Texas Instruments, Inc. | 2,997 | 510,869 | ||||
12,683,055 | ||||||
Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 1.5% | ||||||
Airbnb, Inc. - Class A(a) | 1,437 | 195,633 | ||||
Automatic Data Processing, Inc. | 1,354 | 315,441 | ||||
Verisk Analytics, Inc. | 475 | 113,459 | ||||
624,533 | ||||||
Food Manufacturing - 1.1% | ||||||
Kraft Heinz Co. | 4,030 | 149,029 | ||||
Mondelez International, Inc. - Class A | 4,413 | 319,634 | ||||
468,663 | ||||||
Food Services and Drinking Places - 1.3% | ||||||
Cintas Corp. | 335 | 201,891 | ||||
Starbucks Corp. | 3,739 | 358,981 | ||||
560,872 | ||||||
General Merchandise Stores - 2.3% | ||||||
Costco Wholesale Corp. | 1,433 | 945,895 | ||||
Health and Personal Care Stores - 0.2% | ||||||
Walgreens Boots Alliance, Inc. | 2,762 | 72,116 | ||||
Machinery Manufacturing - 2.2% | ||||||
Applied Materials, Inc. | 2,771 | 449,096 | ||||
ASML Holding - ADR(b) | 289 | 218,750 | ||||
KLA Corp. | 448 | 260,422 | ||||
928,268 | ||||||
Merchant Wholesalers, Durable Goods - 0.7% | ||||||
Copart, Inc.(a) | 3,141 | 153,909 | ||||
Fastenal Co. | 1,877 | 121,573 | ||||
275,482 | ||||||
Miscellaneous Manufacturing - 1.3% | ||||||
Dexcom, Inc.(a) | 1,265 | 156,974 | ||||
Intuitive Surgical, Inc.(a) | 1,153 | 388,976 | ||||
545,950 | ||||||
Motion Picture and Sound Recording Industries - 0.2% | ||||||
Take-Two Interactive Software, Inc.(a) | 564 | 90,776 | ||||
Motor Vehicle and Parts Dealers - 0.4% | ||||||
O'Reilly Automotive, Inc.(a) | 191 | 181,465 | ||||
Nonstore Retailers - 4.8% | ||||||
Amazon.com, Inc.(a) | 13,064 | 1,984,944 | ||||
Other Information Services - 4.8% | ||||||
CoStar Group, Inc.(a) | 1,348 | 117,802,944 | ||||
Meta Platforms, Inc. - Class A(a) | 4,471 | 1,582,555,944 | ||||
1,700,357,944 | ||||||
Professional, Scientific, and Technical Services - 7.6% | ||||||
Alphabet, Inc. - Class C(a) | 7,272 | 1,024,843 | ||||
Alphabet, Inc. - Class A(a) | 7,516 | 1,049,909 | ||||
CDW Corp. | 433 | 98,430 | ||||
Cognizant Technology Solutions - Class A | 1,648 | 124,473 | ||||
Palo Alto Networks, Inc.(a) | 1,035 | 305,201 | ||||
Paychex, Inc. | 1,188 | 141,503 | ||||
Trade Desk, Inc. - Class A(a) | 1,478 | 106,57 | ||||
Workday, Inc. - Class A(a) | 683 | 188,549 | ||||
Zscaler, Inc.(a) | 485 | 107,457 | ||||
3,146,722 | ||||||
Publishing Industries (Except Internet) - 12.4% | ||||||
Adobe Systems, Inc.(a) | 1,497 | 893,110 | ||||
Autodesk, Inc.(a) | 701 | 170,679 | ||||
Cadence Design Systems, Inc.(a) | 892 | 242,954 | ||||
Crowdstrike Holdings, Inc. - Class A(a) | 740 | 188,937 | ||||
Datadog, Inc. - Class A(a) | 991 | 120,288 | ||||
Microsoft Corp. | 9,381 | 3,527,631 | ||||
5,143,599 | ||||||
Publishing Industries – 3.5% | ||||||
ANSYS, Inc.(a) | 281 | 101,969 | ||||
Dollar Tree, Inc. - Class A(a) | 499 | 118,692 | ||||
Atlassian Corp. - Class A(a)(b) | 700 | 99,435,692 | ||||
Intuit, Inc. | 913 | 570,653 | ||||
MongoDB, Inc.(a) | 234 | 95,671 | ||||
Splunk, Inc.(a) | 551 | 83,945 | ||||
Synopsys, Inc.(a) | 495 | 254,880 | ||||
1,446,732 | ||||||
Rail Transportation - 0.5% | ||||||
CSX Corp. | 6,436 | 223,136 | ||||
Rental and Leasing Services - 1.7% | ||||||
Netflix, Inc.(a) | 1,430 | 696,238 | ||||
Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers - 0.3% | ||||||
DoorDash, Inc. - Class A(a) | 1,224 | 121,041 | ||||
Support Activities for Mining - 0.2% | ||||||
Diamondback Energy, Inc. | 570 | 88,396 | ||||
Telecommunications - 1.5% | ||||||
T-Mobile U.S., Inc. | 3,789 | 607,490 | ||||
Transportation Equipment Manufacturing - 5.1% | ||||||
Honeywell International, Inc. | 2,180 | 457,168 | ||||
PACCAR, Inc. | 1,718 | 167,763 | ||||
Tesla, Inc.(a) | 6,082 | 1,511,255 | ||||
2,136,186 | ||||||
Truck Transportation - 0.3% | ||||||
Old Dominion Freight Line, Inc. | 357 | 144,703 | ||||
Utilities - 1.2% | ||||||
American Electric Power Co., Inc. | 1,722 | 139,861 | ||||
Constellation Energy Corp. | 1,061 | 124,020 | ||||
Exelon Corp. | 3,279 | 117,716 | ||||
Xcel Energy, Inc. | 1,809 | 111,995 | ||||
493,592 | ||||||
TOTAL COMMON STOCKS (Cost $34,919,320) | 41,199,243 | |||||
OPTIONS PURCHASED - 0.7%(c)(d) | Notional Amount | Contracts | Value | |||
Call Options - 0.7% | $– | |||||
NASDAQ 100 Index, Expiration: 01/19/2024; Exercise Price: $17,075.00 | 40,038,192 | 24 | 287,760 | |||
Total Call Options | 287,760 | |||||
TOTAL OPTIONS PURCHASED (Cost $247,669) | 287,760 | |||||
TOTAL INVESTMENTS - 99.8% (Cost $35,166,989) | $ | 41,487,003 | ||||
Other Assets in Excess of Liabilities - 0.2% | 89,313 | |||||
TOTAL NET ASSETS - 100.0% | $ | 41,576,316 | ||||
Percentages are stated as a percent of net assets. |
ADR - American Depositary Receipt |
PLC - Public Limited Company |
(a) | Non-income producing security. | |
(b) | Foreign issued security. | |
(c) | Exchange-traded. | |
(d) | 100 shares per contract. | |
(e) | To the extent the Fund invests more heavily in particular sectors of the economy, its performance will be especially sensitive to developments that significantly affect those sectors. |
STF Tactical Growth & Income ETF | ||||||||||||
Schedule of Options Written | ||||||||||||
as of December 31, 2023 (Unaudited) | ||||||||||||
OPTIONS WRITTEN - (2.2)% (a)(b) | Notional Amount | Contracts | Value | |||||||||
Call Options - (2.2)% | ||||||||||||
NASDAQ 100 Index, Expiration: 01/19/2024; Exercise Price: $16,600.00 | $ | 40,038,192 | 24 | $ | 929,640 | |||||||
Total Call Options | 929,640 | |||||||||||
TOTAL OPTIONS WRITTEN (Premiums received $691,610) | 929,640 |
(a) | Exchange-traded. |
(b) | 100 shares per contract. |
Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels.
Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs
(including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant
unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the
securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
The Fund did not hold any investments during the period with significant unobservable inputs which would be classified as Level 3.
The following is a summary of the inputs used to value the Fund's investments carried at fair value as of December 31, 2023:
STF Tactical Growth & Income ETF | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investments: | ||||||||||||||||
Common Stocks | $ | 41,199,243 | $ | – | $ | – | $ | 41,199,243 | ||||||||
Options | – | 287,760 | – | 287,760 | ||||||||||||
Total Investments | $ | 41,199,243 | $ | 287,760 | $ | – | $ | 41,487,003 | ||||||||
Investments Sold Short: | ||||||||||||||||
Options | $ | – | $ | 929,640 | $ | – | $ | 929,640 | ||||||||
Total Investments Sold Short | $ | – | $ | 929,640 | $ | – | $ | 929,640 | ||||||||
Refer to the Schedule of Investments for industry classifications. | ||||||||||||||||