Alexis Practical Tactical ETF | ||||||||
Schedule of Investments | ||||||||
February 29, 2024 (Unaudited) | ||||||||
EXCHANGE TRADED FUNDS - 75.8%(d) | Shares | Value | ||||||
Communication Services Select Sector SPDR Fund | 5,017 | $ | 398,149 | |||||
Financial Select Sector SPDR Fund | 10,035 | 404,812 | ||||||
Industrial Select Sector SPDR Fund | 6,464 | 782,144 | ||||||
Invesco QQQ Trust Series 1 | 12,047 | 5,288,632 | ||||||
Invesco S&P 500 Equal Weight ETF | 28,906 | 4,705,608 | ||||||
iShares Cohen & Steers REIT ETF | 50,042 | 2,863,904 | ||||||
iShares Global 100 ETF | 47,286 | 4,077,472 | ||||||
iShares MSCI EAFE ETF | 60,724 | 4,690,929 | ||||||
iShares MSCI USA Momentum Factor ETF | 15,717 | 2,863,795 | ||||||
iShares S&P Mid-Cap 400 Value ETF | 39,368 | 4,426,932 | ||||||
SPDR Dow Jones Industrial Average ETF Trust | 12,310 | 4,800,284 | ||||||
SPDR Gold Shares(a) | 19,517 | 3,694,763 | ||||||
SPDR S&P Homebuilders ETF | 8,848 | 911,963 | ||||||
SPDR S&P MidCap 400 ETF Trust | 8,224 | 4,342,272 | ||||||
VanEck Semiconductor ETF | 8,903 | 1,886,991 | ||||||
Vanguard Dividend Appreciation ETF | 26,686 | 4,760,249 | ||||||
Vanguard FTSE Europe ETF | 62,563 | 4,080,359 | ||||||
Vanguard Health Care ETF | 3,000 | 796,230 | ||||||
Xtrackers MSCI EAFE Hedged Equity ETF | 100,907 | 3,967,663 | ||||||
TOTAL EXCHANGE TRADED FUNDS (Cost $51,353,220) | 59,743,151 | |||||||
COMMON STOCKS - 9.6% | Shares | Value | ||||||
Communications - 0.5% | ||||||||
Alphabet, Inc. - Class A(a) | 2,920 | 404,303 | ||||||
Consumer Discretionary - 2.2% | ||||||||
The Home Depot, Inc. | 2,072 | 788,624 | ||||||
Marriott International, Inc. - Class A | 2,294 | 573,202 | ||||||
TJX Cos., Inc. | 3,882 | 384,861 | ||||||
Caterpillar, Inc. | 1,746,687 | |||||||
Industrials - 0.9% | ||||||||
Caterpillar, Inc. | 2,168 | 724,025 | ||||||
Technology - 6.0% | ||||||||
Advanced Micro Devices, Inc.(a) | 3,708 | 713,901 | ||||||
Apple, Inc. | 6,375 | 1,152,281 | ||||||
Applied Materials, Inc. | 6,653 | 1,341,379 | ||||||
Microsoft Corp. | 1,848 | 764,407 | ||||||
Visa, Inc. - Class A | 2,564 | 724,689 | ||||||
4,696,657 | ||||||||
TOTAL COMMON STOCKS (Cost $5,476,495) | 7,571,672 | |||||||
SHORT-TERM INVESTMENTS – 14.1% | ||||||||
Deposit Accounts – 5.4% | ||||||||
U.S. Bank Money Market Deposit Account - 5.20%(b) | 4,245,176 | 4,245,176 | ||||||
Total Deposit Accounts (Cost $4,245,176) | 4,245,176 | |||||||
U.S. Treasury Bills - 8.7%(c) | ||||||||
04/18/2024, 5.43% | 2,000,000 | 1,985,940 | ||||||
06/13/2024, 5.40% | 2,000,000 | 1,969,869 | ||||||
09/05/2024, 5.19% | 1,500,000 | 1,460,873 | ||||||
11/29/2024, 5.11% | 1,500,000 | 1,444,339 | ||||||
Total U.S. Treasury Bills (Cost $6,867,742) | 6,861,021 | |||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $11,112,918) | 11,106,197 | |||||||
TOTAL INVESTMENTS - 99.5% (Cost $67,942,633) | $ | 78,421,020 | ||||||
Other Assets in Excess of Liabilities – 0.5% | 354,773 | |||||||
TOTAL NET ASSETS - 100.0% | $ | 78,775,793 | ||||||
Percentages are stated as a percent of net assets. |
(a) | Non-income producing security. |
(b) | The rate shown is the seven-day yield. |
(c) | The rate shown is the effective yield based upon purchase price. |
(d) | To the extent the Fund invests more heavily in particular sectors or asset classes, its performance will be especially sensitive to developments that significantly affect those sectors or asset classes. |
Fair Value Measurements
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 February 29, 2024:
Alexis Practical Tactical ETF | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | ||||||||||||||||
Exchange Traded Funds | $ | 59,743,151 | $ | – | $ | – | $ | 59,743,151 | ||||||||
Common Stocks | 7,571,672 | – | – | 7,571,672 | ||||||||||||
Deposit Accounts | 4,245,176 | – | – | 4,245,176 | ||||||||||||
U.S. Treasury Bills | – | 6,861,021 | – | 6,861,021 | ||||||||||||
Total Assets | $ | 71,599,999 | $ | 6,861,021 | $ | – | $ | 78,421,020 | ||||||||
Refer to the Schedule of Investments for industry classifications. | ||||||||||||||||