Overlay Shares Small Cap Equity ETF | ||||||||||||
Schedule of Investments | ||||||||||||
as of May 31, 2024 (Unaudited) | ||||||||||||
EXCHANGE TRADED FUNDS - 99.9% | Shares | Value | ||||||||||
iShares Core S&P Small-Cap ETF(a)(f) | 97,996 | $ | 10,745,262 | |||||||||
TOTAL EXCHANGE TRADED FUNDS (Cost $10,300,908) | 10,745,262 | |||||||||||
PURCHASED OPTIONS - 0.0%(b)(c)(d) | Notional Amount | Contracts | Value | |||||||||
Put Options - 0.0%(d) | $ | – | ||||||||||
S&P 500 Index | – | $ | – | |||||||||
Expiration: 06/03/2024; Exercise Price: $5,220.00 | 2,638,755 | 5 | 400 | |||||||||
Expiration: 06/03/2024; Exercise Price: $5,175.00(g) | 2,638,755 | 5 | 125 | |||||||||
Expiration: 06/07/2024; Exercise Price: $5,175.00(g) | 2,638,755 | 5 | 1,875 | |||||||||
Expiration: 06/14/2024; Exercise Price: $5,150.00(g) | 2,638,755 | 5 | 5,575 | |||||||||
Total Put Options | 7,975 | |||||||||||
TOTAL PURCHASED OPTIONS (Cost $25,055) | 7,975 | |||||||||||
SHORT-TERM INVESTMENTS - 0.1% | ||||||||||||
Money Market Funds - 0.1% | Shares | |||||||||||
First American Government Obligations Fund - Class X, 5.24%(e) | 6,092 | 6,092 | ||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $6,092) | 6,092 | |||||||||||
TOTAL INVESTMENTS - 100.0% (Cost $10,332,055) | $ | 10,759,329 | ||||||||||
Liabilities in Excess of Other Assets - 0.0%(f) | (5,027 | ) | ||||||||||
TOTAL NET ASSETS - 100.0% | $ | 10,754,302 | ||||||||||
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) | Represents less than 0.05% of net assets. |
(e) | The rate shown represents the 7-day effective yield as of May 31, 2024. |
(f) | 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 $7,518,372. |
(g) | Held in connection with a written option, see Schedule of Written Options for more detail. |
Overlay Shares Small Cap 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 | $ | (2,638,755 | ) | (5 | ) | $ | (4,400 | ) | ||||
Expiration: 06/07/2024; Exercise Price: $5,275.00 | (2,638,755 | ) | (5 | ) | (12,000 | ) | ||||||
Expiration: 06/14/2024; Exercise Price: $5,200.00 | (2,638,755 | ) | (5 | ) | (9,325 | ) | ||||||
Total Put Options | (25,725 | ) | ||||||||||
TOTAL WRITTEN OPTIONS (Premiums received $49,543) | (25,725 | ) | ||||||||||
Percentages are stated as a percent of net assets. |
(a) | Exchange-traded. |
(b) | 100 shares per contract. |
Overlay Shares Small Cap Equity ETF | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | ||||||||||||||||
Investments: | ||||||||||||||||
Exchange Traded Funds | $ | 10,745,261 | $ | – | $ | – | $ | 10,745,261 | ||||||||
Purchased Options | 400 | 7,575 | – | 7,975 | ||||||||||||
Money Market Funds | 6,092 | – | – | 6,092 | ||||||||||||
Total Investments | $ | 10,751,754 | $ | 7,575 | $ | – | $ | 10,759,329 | ||||||||
Liabilities: | ||||||||||||||||
Investments: | ||||||||||||||||
Written Options | $ | – | $ | (25,725 | ) | $ | – | $ | (25,725 | ) | ||||||
Total Investments | $ | – | $ | (25,725 | ) | $ | – | $ | (25,725 | ) | ||||||