Overlay Shares Hedged Large Cap Equity ETF | ||||||||||||
Schedule of Investments | ||||||||||||
as of May 31, 2024 (Unaudited) | ||||||||||||
EXCHANGE TRADED FUNDS - 97.9% | Shares | Value | ||||||||||
Vanguard S&P 500 ETF(a) | 44,770 | $ | 21,696,437 | |||||||||
TOTAL EXCHANGE TRADED FUNDS (Cost $18,048,787) | 21,696,437 | |||||||||||
PURCHASED OPTIONS - 1.9%(b)(c) | Notional Amount | Contracts | Value | |||||||||
Put Options - 1.9% | $ | – | ||||||||||
S&P 500 Index | – | $ | – | |||||||||
Expiration: 08/16/2024; Exercise Price: $4,550.00 | 10,555,020 | 20 | 20,100 | |||||||||
Expiration: 12/20/2024; Exercise Price: $4,900.00 | 6,860,763 | 13 | 95,355 | |||||||||
Expiration: 01/17/2025; Exercise Price: $4,900.00 | 5,277,510 | 10 | 81,350 | |||||||||
Expiration: 03/21/2025; Exercise Price: $4,900.00 | 5,277,510 | 10 | 103,550 | |||||||||
Expiration: 06/20/2025; Exercise Price: $4,900.00 | 5,277,510 | 10 | 131,950 | |||||||||
Total Put Options | 432,305 | |||||||||||
TOTAL PURCHASED OPTIONS (Cost $698,865) | 432,305 | |||||||||||
SHORT-TERM INVESTMENTS - 0.1% | ||||||||||||
Money Market Funds - 0.1% | Shares | |||||||||||
First American Government Obligations Fund - Class X, 5.24%(d) | 18,445 | 18,445 | ||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $18,445) | 18,445 | |||||||||||
TOTAL INVESTMENTS - 99.9% (Cost $18,766,097) | $ | 22,147,187 | ||||||||||
Other Assets in Excess of Liabilities - 0.1% | 16,480 | |||||||||||
TOTAL NET ASSETS - 100.0% | $ | 22,163,667 | ||||||||||
Percentages are stated as a percent of net assets. |
(a) | Fair value of this security exceeds 25% of the Fund’s net assets. Additional information for this security, including the financial statements, is available from the SEC’s EDGAR database at www.sec.gov. |
(b) | Exchange-traded. |
(c) | 100 shares per contract. |
(d) | The rate shown represents the 7-day effective yield as of May 31, 2024. |
Overlay Shares Hedged Large Cap Equity ETF | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investments: | ||||||||||||||||
Exchange Traded Funds | $ | 21,696,437 | $ | – | $ | – | $ | 21,696,437 | ||||||||
Purchased Options | – | 432,305 | – | 432,305 | ||||||||||||
Money Market Funds | 18,445 | – | – | 18,445 | ||||||||||||
Total Investments | $ | 21,714,882 | $ | 432,305 | $ | – | $ | 22,147,187 |