Overlay Shares Foreign Equity ETF | ||||||||||||
Schedule of Investments | ||||||||||||
as of May 31, 2024 (Unaudited) | ||||||||||||
EXCHANGE TRADED FUNDS - 99.9% | Shares | Value | ||||||||||
iShares Core MSCI EAFE ETF(a)(e) | 189,297 | $ | 14,282,459 | |||||||||
iShares Core MSCI Emerging Markets ETF(e) | 65,824 | 3,461,684 | ||||||||||
TOTAL EXCHANGE TRADED FUNDS (Cost $15,767,332) | 17,744,143 | |||||||||||
PURCHASED OPTIONS - 0.1%(b)(c) | Notional Amount | Contracts | Value | |||||||||
Put Options - 0.1% | $ | – | ||||||||||
S&P 500 Index | – | $ | – | |||||||||
Expiration: 06/03/2024; Exercise Price: $5,220.00 | 4,222,008 | 8 | 640 | |||||||||
Expiration: 06/03/2024; Exercise Price: $5,175.00(f) | 4,222,008 | 8 | 200 | |||||||||
Expiration: 06/07/2024; Exercise Price: $5,175.00(f) | 4,749,759 | 9 | 3,375 | |||||||||
Expiration: 06/14/2024; Exercise Price: $5,150.00(f) | 4,222,008 | 8 | 8,920 | |||||||||
Total Put Options | 13,135 | |||||||||||
TOTAL PURCHASED OPTIONS (Cost $41,650) | 13,135 | |||||||||||
SHORT-TERM INVESTMENTS - 0.1% | ||||||||||||
Money Market Funds - 0.1% | Shares | |||||||||||
First American Government Obligations Fund - Class X, 5.24%(d) | 17,275 | 17,275 | ||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $17,275) | 17,275 | |||||||||||
TOTAL INVESTMENTS - 100.1% (Cost $15,826,257) | $ | 17,774,553 | ||||||||||
Liabilities in Excess of Other Assets - (0.1)% | (18,203 | ) | ||||||||||
TOTAL NET ASSETS - 100.0% | $ | 17,756,350 | ||||||||||
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. |
(e) | All or a portion of the security is segregated as collateral for written options. The value of the security segregated as collateral for written options is $14,956,557. |
(f) | Held in connection with a written option, see Schedule of Written Options for more detail. |
Overlay Shares Foreign Equity ETF | ||||||||||||
Schedule of Written Options | ||||||||||||
as of May 31, 2024 (Unaudited) | ||||||||||||
WRITTEN OPTIONS - (0.2)% (a)(b) | Notional Amount | Contracts | Value | |||||||||
Put Options - (0.2)% | ||||||||||||
S&P 500 Index | 0 | 0 | – | |||||||||
Expiration: 06/03/2024; Exercise Price: $5,275.00 | $ | (4,222,008 | ) | (8 | ) | $ | (7,040 | ) | ||||
Expiration: 06/07/2024; Exercise Price: $5,275.00 | (4,749,759 | ) | (9 | ) | (21,600 | ) | ||||||
Expiration: 06/14/2024; Exercise Price: $5,200.00 | (4,222,008 | ) | (8 | ) | (14,920 | ) | ||||||
Total Put Options | (43,560 | ) | ||||||||||
TOTAL WRITTEN OPTIONS (Premiums received $83,650) | (43,560 | ) | ||||||||||
Percentages are stated as a percent of net assets. |
(a) | Exchange-traded. |
(b) | 100 shares per contract. |
Overlay Shares Foreign Equity ETF | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | ||||||||||||||||
Investments: | ||||||||||||||||
Exchange Traded Funds | $ | 17,744,143 | $ | – | $ | – | $ | 17,744,143 | ||||||||
Purchased Options | 640 | 12,495 | – | 13,135 | ||||||||||||
Money Market Funds | 17,275 | – | – | 17,275 | ||||||||||||
Total Investments | $ | 17,762,058 | $ | 12,495 | $ | – | $ | 17,774,553 | ||||||||
Liabilities: | ||||||||||||||||
Investments: | ||||||||||||||||
Written Options | $ | – | $ | (43,560 | ) | $ | – | $ | (43,560 | ) | ||||||
Total Investments | $ | – | $ | (43,560 | ) | $ | – | $ | (43,560 | ) | ||||||