Portfolio of Investments | December 31, 2021 (Unaudited) |
The SPAC and New Issue ETF |
Portfolio of Investments Summary Table | Percentage of Fair Value (%) | |||
Financials | 96.0 | |||
Health Care | 0.5 | |||
Private Investment in Public Equity | 1.2 | |||
Warrants | 1.7 | |||
Private Investment | 0.5 | |||
Rights | 0.1 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2021, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.
Portfolio of Investments | ||||||||
Shares | Fair Value ($) | |||||||
Common Stocks — 96.0% | ||||||||
Financials — 95.5% | ||||||||
283,228 | Accelerate Acquisition Corp.(a) | 2,752,977 | ||||||
80,544 | Acropolis Infrastructure Acquisition Corp.(a) | 803,024 | ||||||
108,530 | Adara Acquisition Corp.(a) | 1,062,509 | ||||||
255,379 | Adara Acquisition Corp. — Founder Shares (a)(b)(c) | 2,000,128 | ||||||
85,847 | AEA-Bridges Impact Corp., Class A(a)(d) | 857,611 | ||||||
221,132 | Apollo Strategic Growth Capital(a) | 2,182,573 | ||||||
93,349 | Ares Acquisition Corp.(a) | 909,219 | ||||||
103,314 | Astrea Acquisition Corp.(a)(d) | 1,020,742 | ||||||
30,060 | Athena Technology Acquisition Corp. II(a) | 299,698 | ||||||
64,773 | Atlas Crest Investment Corp. II(a) | 630,241 | ||||||
113,025 | Avanti Acquisition Corp.(a) | 1,109,905 | ||||||
56,826 | Bridgetown 2 Holdings, Ltd., Class A(a) | 563,146 | ||||||
15,356 | BurTech Acquisition Corp.(a) | 153,714 | ||||||
33,860 | Capstar Special Purpose Acquisition Corp.(a) | 337,246 | ||||||
195,410 | CC Neuberger Principal Holdings II(a) | 1,934,559 | ||||||
51,200 | Churchill Capital Corp. V(a) | 503,808 | ||||||
63,203 | CITIC Capital Acquisition Corp., Class A(a) | 632,662 | ||||||
64,817 | Class Acceleration Corp.(a) | 629,373 | ||||||
158,039 | Cohn Robbins Holdings Corp.(a) | 1,553,523 | ||||||
36,944 | Crucible Acquisition Corp.(a) | 359,835 | ||||||
75,000 | Decarbonization Plus Acquisition Corp. IV, Class A(a) | 739,500 | ||||||
57,736 | Deep Medicine Acquisition Corp., Class A(a) | 566,968 | ||||||
124,820 | E.Merge Technology Acquisition Corp., Class A(a) | 1,228,229 | ||||||
42,489 | Endurance Acquisition Corp.(a) | 425,315 | ||||||
65,841 | Fintech Acquisition Corp. VI(a) | 655,118 | ||||||
75,002 | Fortistar Sustainable Solutions Corp., Class A(a) | 728,269 | ||||||
111,460 | Fortress Capital Acquisition Corp.(a) | 1,087,850 | ||||||
29,046 | G Squared Ascend I, Inc.(a) | 286,974 | ||||||
97,746 | G&P Acquisition Corp., Class A(a) | 958,888 | ||||||
85,000 | Gesher I Acquisition Corp.(a) | 853,400 | ||||||
250,000 | Global Consumer Acquisition Corp. — Founder Shares(a)(b)(c) | 2,024,000 | ||||||
38,320 | Global Consumer Acquisition Corp.(a) | 380,134 | ||||||
85,047 | GO Acquisition Corp.(a) | 836,862 | ||||||
34,765 | Gobi Acquisition Corp.(a) | 336,178 | ||||||
30,669 | Golden Arrow Merger Corp.(a) | 296,569 | ||||||
116,220 | Good Works II Acquisition Corp.(a) | 1,138,956 | ||||||
97,612 | Gores Metropoulos II, Inc.(a)(d) | 973,192 | ||||||
80,324 | Hudson Executive Investment Corp. II(a) | 785,569 | ||||||
48,736 | Hudson Executive Investment Corp. III(a) | 473,714 | ||||||
40,277 | Integrated Rail And Resources Acquisition Corp.(a) | 404,784 | ||||||
70,785 | International Media Acquisition Corp., Class A(a) | 695,109 | ||||||
75,279 | Isleworth Healthcare Acquisition Corp.(a) | 740,745 | ||||||
49,554 | Kadem Sustainable Impact Corp.(a) | 480,178 |
Portfolio of Investments (Continued) | December 31, 2021 (Unaudited) |
The SPAC and New Issue ETF |
Shares/Units | Fair Value ($) | |||||||
Financials — 95.5% (continued) | ||||||||
76,953 | Kernel Group Holdings, Inc., Class A(a) | 750,292 | ||||||
55,818 | Lux Health Tech Acquisition Corp., Class A(a) | 547,016 | ||||||
120,612 | Metals Acquisition Corp., Class A(a) | 1,160,287 | ||||||
38,412 | Moringa Acquisition Corp.(a) | 372,596 | ||||||
8,530 | Motive Capital Corp. II(a) | 85,044 | ||||||
108,761 | New Vista Acquisition Corp.(a) | 1,058,245 | ||||||
95,260 | Newbury Street Acquisition Corp.(a) | 924,022 | ||||||
38,499 | NewHold Investment Corp. II(a) | 379,600 | ||||||
28,680 | NorthView Acquisition Corp.(a) | 287,374 | ||||||
66,600 | Oaktree Acquisition Corp. II, Class A(a) | 658,008 | ||||||
31,329 | Peridot Acquisition Corp. II(a) | 304,831 | ||||||
50,000 | Pioneer Merger Corp., Class A(a)(d) | 493,500 | ||||||
57,117 | Primavera Capital Acquisition Corp.(a) | 573,454 | ||||||
92,004 | Property Solutions Acquisition Corp. II(a) | 893,359 | ||||||
84,837 | RMG Acquisition Corp. III(a) | 827,161 | ||||||
9,560 | Sagaliam Acquisition Corp.(a) | 95,600 | ||||||
76,075 | Schultze Special Purpose Acquisition Corp. II(a) | 775,204 | ||||||
78,138 | ScION Tech Growth II(a) | 760,283 | ||||||
54,382 | Shelter Acquisition Corp. I(a) | 540,557 | ||||||
70,445 | Sierra Lake Acquisition Corp.(a) | 704,450 | ||||||
106,377 | Silver Spike Acquisition Corp. II(a) | 1,033,984 | ||||||
99,025 | Spartan Acquisition Corp. III(a) | 977,377 | ||||||
73,950 | Spree Acquisition Corp. 1, Ltd.(a)(d) | 740,979 | ||||||
68,889 | Springwater Special Situations Corp. — Founder Shares(a)(b)(c) | 552,765 | ||||||
20,000 | Springwater Special Situations Corp. — Private Placement Units(a)(b)(c)(e) | 160,480 | ||||||
105,230 | Springwater Special Situations Corp.(a) | 1,027,571 | ||||||
695 | SVF Investment Corp., Class A(a) | 6,978 | ||||||
40,000 | Target Global Acquisition I Corp.(a) | 398,400 | ||||||
99,660 | Trebia Acquisition Corp.(a)(d) | 992,614 | ||||||
99,882 | Twelve Seas Investment Co. II(a) | 968,855 | ||||||
55,746 | VectoIQ Acquisition Corp. II(a) | 542,966 | ||||||
48,591 | VY Global Growth(a) | 476,678 | ||||||
75,992 | Worldwide Webb Acquisition Corp.(a) | 758,400 | ||||||
58,221,924 | ||||||||
Health Care — 0.5% | ||||||||
167,317 | Talkspace, Inc. (a) | 329,614 | ||||||
Total Common Stocks (Cost $60,198,110) | 58,551,538 | |||||||
Private Investment in Public Equity — 1.2% | ||||||||
200,000 | Shapeways Holdings, Inc. (a)(b)(c) | 742,000 | ||||||
Total Private Investment in Public Equity (Cost $2,000,000) | 742,000 | |||||||
Warrants — 1.7% | ||||||||
102,587 | Accelerate Acquisition Corp., 12/31/2027(a) | 85,157 | ||||||
425,000 | Adara Acquisition Corp.(a)(b)(c)(f) | 167,247 | ||||||
29,365 | Apollo Strategic Growth, 10/29/2027(a) | 37,587 | ||||||
16,709 | Ares Acquistion Corp., Class A, 12/31/2027(a) | 14,889 | ||||||
20,237 | Atlas Crest Investment Corp. II, 02/28/2026(a) | 16,590 | ||||||
14,797 | BigBear.ai Holdings, Inc., 12/31/2028(a) | 11,986 | ||||||
22,326 | CC Neuberger Principal Holdings II — CW25, 07/29/2025(a) | 30,363 | ||||||
12,814 | Churchill Capital Corp. V, 10/29/2027(a) | 12,559 | ||||||
30,742 | Class Acceleration Corp., Class A, 03/31/2028(a) | 15,648 | ||||||
12,309 | Crucible Acquisition Corp., 12/26/2025(a) | 8,738 | ||||||
21,269 | Decarbonization Plus Acquisition Corp. II, 10/02/2025(a) | 33,392 | ||||||
37,500 | Decarbonization Plus Acquisition Corp. IV, 12/31/2028(a) | 34,504 | ||||||
47,224 | Fathom Digital Manufacturing C, 12/31/2027(a) | 41,557 | ||||||
18,958 | Fortress Capital Acquisition Corp., 12/31/2027(a) | 14,787 |
Portfolio of Investments (Continued) | December 31, 2021 (Unaudited) |
The SPAC and New Issue ETF |
Shares/Units | Fair Value ($) | |||||||
Warrants — 1.7% (continued) | ||||||||
16,225 | G Squared Ascend I, Inc., Class A, 12/31/2027(a) | 13,952 | ||||||
26,860 | Global Consumer Acquisition Corp., Class C, 12/31/2027(a) | 16,116 | ||||||
12,288 | Golden Arrow Merger Corp., 07/31/2026(a) | 6,140 | ||||||
59,550 | Good Works II Acquisition Corp., 03/22/2022(a) | 32,764 | ||||||
17,781 | Gores Metropoulos II, Inc., 01/31/2028(a) | 33,606 | ||||||
21,169 | Healthcare Capital Corp., 03/08/2025(a) | 10,292 | ||||||
21,001 | Hudson Executive Investment Corp. II, 01/31/2027(a) | 14,073 | ||||||
9,802 | Hudson Executive Investment Corp. III, 12/31/2028(a) | 7,008 | ||||||
23,500 | Hyzon Motors, Inc., Class C, 10/02/2025(a) | 44,650 | ||||||
77,807 | Kadem Sustainable Impact Corp., 03/16/2026(a) | 41,238 | ||||||
34,445 | Kernel Group Holdings, Inc., Class A, 01/31/2027(a) | 17,223 | ||||||
40,204 | Metals Acquisition Corp., 07/12/2023(a) | 24,122 | ||||||
19,193 | Moringa Acquisition Corp., 02/10/2026(a) | 10,746 | ||||||
22,717 | New Vista Acquisition Corp., 12/31/2027(a) | 17,147 | ||||||
43,193 | Newbury Street Acquisition C, 12/31/2027(a) | 25,916 | ||||||
9,659 | Oaktree Acquisition Corp. II, 09/15/2027(a) | 10,240 | ||||||
20,577 | P3 Health Partners, Inc., 11/19/2026(a) | 21,606 | ||||||
5,958 | Peridot Acquisition Corp. II, Class A, 04/30/2028(a) | 5,063 | ||||||
24,342 | Property Solutions Acquisition Corp., 03/01/2026(a) | 13,899 | ||||||
31,973 | ScION Tech Growth II, 01/28/2026(a) | 19,184 | ||||||
31,014 | Silver Spike Acquisition Corp. II, 02/26/2026(a) | 27,295 | ||||||
1,216 | Solid Power, Inc., 12/08/2026(a) | 2,785 | ||||||
16,114 | Spartan Acquisition Corp. III , 02/04/2026(a) | 23,204 | ||||||
70,160 | Springwater Special Situations Corp., 04/12/2026(a) | 34,989 | ||||||
14,112 | SVF Investment Corp. — CW27, 12/31/2027(a) | 18,346 | ||||||
29,795 | Twelve Seas Investment Co. II, 03/02/2028(a) | 14,898 | ||||||
11,154 | VectoIQ Acquisition Corp. II, 12/31/2027(a) | 9,703 | ||||||
Total Warrants (Cost $201,437) | 1,041,209 | |||||||
Private Investment — 0.4% | ||||||||
N/A | Silver Spike Sponsor II, LLC(a)(b)(c)(g) | 270,000 | ||||||
Total Private Investment (Cost $225,000) | 270,000 | |||||||
Rights — 0.1% | ||||||||
69,024 | Deep Medicine Acquisition Corp., 01/12/2029(a) | 22,088 | ||||||
74,451 | International Media Acquisition Corp.(a) | 13,513 | ||||||
Total Rights (Cost $–) | 35,601 | |||||||
Total Investments — 99.4% (Cost $62,624,547) | 60,640,348 | |||||||
Other Assets in Excess of Liabilities — 0.6% | 369,356 | |||||||
Net Assets — 100.0% | 61,009,704 |
Portfolio of Investments (Continued) | December 31, 2021 (Unaudited) |
The SPAC and New Issue ETF |
(a) | Non-income producing security |
(b) | Security was valued using unobservable inputs in good faith pursuant to procedures approved by the Board of Trustees as of December 31, 2021. The total of all such securities represent 9.70% of the net assets of the Fund. |
(c) | Security which is restricted to resale. The Fund’s Advisor has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. The aggregate value of these securities at December 31, 2021 was $5,916,620 which represented 9.70% of the total investments of the Fund. |
(d) | This security or a partial position of this security was on loan as of December 31, 2021. The total value of securities on loan as of December 31, 2021 was $3,013,330. |
(e) | Each unit represents one share and ½ warrant. |
(f) | Warrant expires five years after initial business combination. |
(g) | This position represents a private placement investment in a SPAC sponsor. The return on this investment is subject to a waterfall upon the consummation of a deal and may be paid in cash and/or SPAC shares and/or warrants. |
The illiquid restricted securities held as of December 31, 2021 are identified below.
Security | Acquisition | Acquisition Cost ($) | Shares or Units | Fair Value ($) | Percentage of Net Assets (%) | |||||||||||||
Adara Acquisition Corp. —Founder Shares | 01/14/2021 | — | 255,379 | 2,000,128 | 3.3 | |||||||||||||
Global Consumer Acquisition Corp. — Founder Shares | 06/01/2021 | 500,000 | 250,000 | 2,024,000 | 3.3 | |||||||||||||
Silver Spike Sponsor II, LLC(g) | 02/12/2021 | 225,000 | N/A | 270,000 | 0.4 | |||||||||||||
Springwater Special Situations Corp. — Founder Shares | 08/12/2021 | — | 68,889 | 552,765 | 0.9 | |||||||||||||
Shapeways Holdings, Inc. | 09/27/2021 | 2,000,000 | 200,000 | 742,000 | 1.2 | |||||||||||||
Adara Acquisition Corp.(f) | 01/14/2021 | 425,000 | 425,000 | 167,247 | 0.3 | |||||||||||||
Springwater Special Situations Corp. — Private Placement Units | 08/12/2021 | 200,000 | 20,000 | 160,840 | 0.3 |
(a) Acquisition date represents the initial purchase date of the security.
Portfolio of Investments | December 31, 2021 (Unaudited) |
The De-SPAC ETF |
Portfolio of Investments Summary Table | Percentage of Fair Value (%) | |||
Communication Services | 4.3 | |||
Consumer Discretionary | 4.1 | |||
Financials | 4.5 | |||
Health Care | 15.1 | |||
Industrials | 27.2 | |||
Information Technology | 36.4 | |||
Real Estate | 4.2 | |||
Technology | 4.2 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2021, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.
Portfolio of Investments | ||||||||
Shares | Fair Value ($) | |||||||
Common Stocks — 98.8% | ||||||||
Communication Services — 4.2% | ||||||||
18,548 | Genius Sports, Ltd.(a) | 140,965 | ||||||
Consumer Discretionary — 4.0% | ||||||||
3,521 | Lucid Group, Inc.(a) | 133,974 | ||||||
Financials — 4.5% | ||||||||
9,392 | SoFi Technologies, Inc.(a) | 148,487 | ||||||
Health Care — 14.9% | ||||||||
19,440 | Butterfly Network, Inc.(a) | 130,054 | ||||||
14,770 | Cano Health, Inc.(a) | 131,601 | ||||||
31,611 | Clover Health Investments Corp.(a) | 117,593 | ||||||
13,937 | Ginkgo Bioworks Holdings, Inc.(a) | 115,816 | ||||||
495,064 | ||||||||
Industrials — 26.8% | ||||||||
13,500 | Alight, Inc., Class A(a) | 145,935 | ||||||
15,339 | Astra Space, Inc.(a) | 106,299 | ||||||
10,565 | Aurora Innovation, Inc.(a) | 118,962 | ||||||
6,950 | ChargePoint Holdings, Inc.(a) | 132,397 | ||||||
19,482 | Microvast Holdings, Inc.(a) | 110,268 | ||||||
15,411 | Proterra, Inc.(a) | 136,079 | ||||||
7,413 | Stem, Inc.(a) | 140,625 | ||||||
890,565 | ||||||||
Information Technology — 36.0% | ||||||||
15,661 | Aeva Technologies, Inc.(a) | 118,397 | ||||||
12,146 | E2open Parent Holdings, Inc.(a) | 136,764 | ||||||
15,134 | Embark Technology, Inc.(a) | 131,363 | ||||||
7,559 | IonQ, Inc.(a) | 126,235 | ||||||
17,318 | ironSource, Ltd., Class A(a) | 134,042 | ||||||
5,958 | Matterport, Inc.(a) | 122,973 | ||||||
12,277 | Mirion Technologies, Inc.(a) | 128,540 | ||||||
21,497 | Payoneer Global, Inc.(a) | 158,003 | ||||||
35,526 | Paysafe, Ltd.(a) | 138,907 | ||||||
1,195,224 | ||||||||
Real Estate — 4.2% | ||||||||
16,031 | WeWork, Inc., Class A(a) | 137,867 | ||||||
Technology — 4.2% | ||||||||
8,112 | Navitas Semiconductor Corp.(a) | 137,985 | ||||||
Total Common Stocks (Cost $3,523,098) | 3,280,131 | |||||||
Total Investments — 98.8% (Cost $3,523,098) | 3,280,131 | |||||||
Other Assets in Excess of Liabilities — 1.2% | 40,605 |
Portfolio of Investments (Continued) | December 31, 2021 (Unaudited) |
The De-SPAC ETF |
Fair Value ($) | ||||
Net Assets — 100.0% | 3,320,736 |
(a) | Non-income producing security |
Portfolio of Investments | December 31, 2021 (Unaudited) |
The Short De-SPAC ETF |
Total Return Swap Agreements | ||||||||||||||||||||||||||
Pay/Receive | Financing Rate (%) | Description | Counterparty | Expiration Date | Payment Frequency | Notional Amount ($) | Value ($) | Upfront Premiums Paid/(Received) ($) | Unrealized Appreciation/ (Depreciation) ($) | |||||||||||||||||
Pay | 2.18 | Aeva Technologies, Inc. | Cowen | 5/20/22 | At Maturity | 928,554 | 119,281 | — | 119,281 | |||||||||||||||||
Pay | 1.93 | Alight, Inc. | Cowen | 5/20/22 | At Maturity | 958,163 | (38,832 | ) | — | (38,832 | ) | |||||||||||||||
Pay | 3.93 | Astra Space, Inc. | Cowen | 5/20/22 | At Maturity | 948,042 | 196,743 | — | 196,743 | |||||||||||||||||
Pay | 6.93 | Aurora Innovation, Inc. Class A | Cowen | 5/20/22 | At Maturity | 901,609 | 83,238 | — | 83,238 | |||||||||||||||||
Pay | 2.93 | Butterfly Network, Inc. | Cowen | 5/20/22 | At Maturity | 924,088 | 17,141 | — | 17,141 | |||||||||||||||||
Pay | 1.93 | Cano Health, Inc., Class A | Cowen | 5/20/22 | At Maturity | 919,272 | 16,046 | — | 16,046 | |||||||||||||||||
Pay | 2.18 | ChargePoint Holdings Inc., Class A | Cowen | 5/20/22 | At Maturity | 991,557 | 84,157 | — | 84,157 | |||||||||||||||||
Pay | 1.93 | Clover Health Investments Corp | Cowen | 5/20/22 | At Maturity | 901,472 | 91,766 | — | 91,766 | |||||||||||||||||
Pay | 8.93 | Embark Technology | Cowen | 5/20/22 | At Maturity | 933,139 | 12,417 | — | 12,417 | |||||||||||||||||
Pay | 2.43 | E2open Parent Holdings, Inc. | Cowen | 5/20/22 | At Maturity | 944,188 | 6,996 | — | 6,996 | |||||||||||||||||
Pay | 2.43 | Genius Sports, Ltd. | Cowen | 5/20/22 | At Maturity | 959,311 | (12,868 | ) | — | (12,868 | ) | |||||||||||||||
Pay | 14.93 | Ginkgo Bioworks Holdings, Inc. Class A | Cowen | 5/20/22 | At Maturity | 943,153 | 140,365 | — | 140,365 | |||||||||||||||||
Pay | 9.93 | IonQ, Inc. | Cowen | 5/20/22 | At Maturity | 905,062 | 37,489 | — | 37,489 | |||||||||||||||||
Pay | 1.93 | ironSource, Ltd., Class A | Cowen | 5/20/22 | At Maturity | 944,349 | 28,484 | — | 28,484 | |||||||||||||||||
Pay | 1.93 | Lucid Group | Cowen | 5/20/22 | At Maturity | 1,106,850 | 133,786 | — | 133,786 | |||||||||||||||||
Pay | 6.43 | Matterport, Inc. | Cowen | 5/20/22 | At Maturity | 1,009,053 | 154,975 | — | 154,975 | |||||||||||||||||
Pay | 69.93 | Microvast Holdings, Inc. | Cowen | 5/20/22 | At Maturity | 924,428 | 144,001 | — | 144,001 | |||||||||||||||||
Pay | 2.43 | Mirion Technologies, Inc., Class A | Cowen | 5/20/22 | At Maturity | 928,178 | 28,922 | — | 28,922 | |||||||||||||||||
Pay | 36.43 | Navitas Semiconductor Corp. | Cowen | 5/20/22 | At Maturity | 920,815 | (34,035 | ) | — | (34,035 | ) | |||||||||||||||
Pay | 1.93 | Payoneer Global, Inc. | Cowen | 5/20/22 | At Maturity | 1,025,123 | (55,960 | ) | — | (55,960 | ) | |||||||||||||||
Pay | 2.43 | Paysafe Ltd. | Cowen | 5/20/22 | At Maturity | 891,802 | (53,426 | ) | — | (53,426 | ) | |||||||||||||||
Pay | 2.43 | Proterra, Inc. | Cowen | 5/20/22 | At Maturity | 998,043 | 68,317 | — | 68,317 | |||||||||||||||||
Pay | 1.93 | SoFi Technologies, Inc. | Cowen | 5/20/22 | At Maturity | 986,938 | (26,246 | ) | — | (26,246 | ) | |||||||||||||||
Pay | 1.43 | Stem, Inc. | Cowen | 5/20/22 | At Maturity | 989,505 | 6,504 | — | 6,504 | |||||||||||||||||
Pay | 8.43 | WeWork, Inc. | Cowen | 5/20/22 | At Maturity | 917,150 | (37,759 | ) | — | (37,759 | ) | |||||||||||||||
1,111,502 | — | 1,111,502 |
Portfolio of Investments | December 31, 2021 (Unaudited) |
Tuttle Capital Short Innovation ETF |
Total Return Swap Agreements | ||||||||||||||||||||||||||||
Pay/Receive | Financing Rate(%) | Description | Counterparty | Expiration Date | Payment Frequency | Notional Amount ($) | Value ($) | Upfront Premiums Paid/(Received) ($) | Unrealized Appreciation/ (Depreciation) ($) | |||||||||||||||||||
Pay | 5.93 | Ark Innovation ETF | Cowen | 11/10/22 | At Maturity | 88,719,643 | (141,324 | ) | — | (141,324 | ) | |||||||||||||||||
(141,324 | ) | — | (141,324 | ) |
Portfolio of Investments | December 31, 2021 (Unaudited) |
Trend Aggregation ESG ETF |
Portfolio of Investments | ||||
Fair Value ($) | ||||
Total Investments — 0.0% (Cost $—) | — | |||
Other Assets in Excess of Liabilities — (100.0%) | 364,583 | |||
Net Assets — 100.0% | 364,583 |
Portfolio of Investments | December 31, 2021 (Unaudited) |
The Active Dividend Stock ETF |
Portfolio of Investments | ||||
Fair Value ($) | ||||
Total Investments — 0.0% (Cost $—) | — | |||
Other Assets in Excess of Liabilities — (100.0%) | 28,534 | |||
Net Assets — 100.0% | 28,534 |
Portfolio of Investments | December 31, 2021 (Unaudited) |
FOMO ETF |
Portfolio of Investments Summary Table | Percentage of Fair Value (%) | |||
Communication Services | 5.2 | |||
Consumer Discretionary | 11.7 | |||
Consumer Staples | 11.3 | |||
Energy | 3.7 | |||
Financials | 9.6 | |||
Health Care | 9.0 | |||
Industrials | 8.8 | |||
Information Technology | 20.3 | |||
Materials | 7.0 | |||
Real Estate | 6.5 | |||
Utilities | 6.9 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2021, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.
Portfolio of Investments | ||||||||
Shares | Fair Value ($) | |||||||
Common Stocks — 95.4% | ||||||||
Communication Services — 5.0% | ||||||||
248 | Meta Platforms, Inc., Class A(a) | 83,415 | ||||||
527 | ROBLOX Corp., Class A(a) | 54,365 | ||||||
933 | Walt Disney Co. (The)(a) | 144,513 | ||||||
282,293 | ||||||||
Consumer Discretionary — 11.2% | ||||||||
1,100 | Dutch Bros, Inc., Class A(a) | 56,001 | ||||||
5,861 | Ford Motor Co. | 121,733 | ||||||
5,253 | Goodyear Tire & Rubber Co.(a) | 111,994 | ||||||
4,200 | Macy’s, Inc. | 109,956 | ||||||
220 | O’Reilly Automotive, Inc.(a) | 155,371 | ||||||
75 | Tesla, Inc.(a) | 79,258 | ||||||
634,313 | ||||||||
Consumer Staples — 10.7% | ||||||||
2,400 | Altria Group, Inc. | 113,736 | ||||||
100 | Costco Wholesale Corp. | 56,770 | ||||||
2,173 | Mondelez International, Inc., Class A | 144,092 | ||||||
885 | Procter & Gamble Co. (The) | 144,768 | ||||||
2,807 | Walgreens Boots Alliance, Inc. | 146,413 | ||||||
605,779 | ||||||||
Energy — 3.5% | ||||||||
959 | Chevron Corp. | 112,539 | ||||||
1,926 | Devon Energy Corp. | 84,840 | ||||||
197,379 | ||||||||
Financials — 9.2% | ||||||||
1,596 | American Electric Power Co., Inc. | 141,996 | ||||||
2,000 | Bank of America Corp. | 88,980 | ||||||
1,362 | Marvell Technology, Inc. | 119,162 | ||||||
3,509 | SoFi Technologies, Inc.(a) | 55,477 | ||||||
11,000 | Supernova Partners Acquisition Co. II, Ltd., Class A(a) | 113,190 | ||||||
518,805 | ||||||||
Health Care — 8.6% | ||||||||
1,073 | AbbVie, Inc. | 145,284 | ||||||
2,338 | Gilead Sciences, Inc. | 169,762 | ||||||
1,277 | GlaxoSmithKline PLC, ADR | 56,316 | ||||||
1,900 | Pfizer, Inc. | 112,195 | ||||||
483,557 |
Portfolio of Investments (Continued) | December 31, 2021 (Unaudited) |
FOMO ETF |
Shares | Fair Value ($) | |||||||
Industrials — 8.4% | ||||||||
1,889 | Builders FirstSource, Inc.(a) | 161,906 | ||||||
1,525 | CSX Corp. | 57,340 | ||||||
230 | Illinois Tool Works, Inc. | 56,764 | ||||||
160 | Old Dominion Freight Line, Inc. | 57,341 | ||||||
1,988 | Uber Technologies, Inc.(a) | 83,357 | ||||||
266 | United Parcel Service, Inc., Class B | 57,014 | ||||||
473,722 | ||||||||
Information Technology — 19.3% | ||||||||
785 | Advanced Micro Devices, Inc.(a) | 112,961 | ||||||
662 | Apple, Inc. | 117,551 | ||||||
836 | Arista Networks, Inc.(a) | 120,175 | ||||||
178 | Broadcom, Inc. | 118,443 | ||||||
2,469 | Cisco Systems, Inc. | 156,460 | ||||||
316 | Datadog, Inc., Class A(a) | 56,283 | ||||||
1,112 | International Business Machines Corp. | 148,630 | ||||||
300 | NVIDIA Corp. | 88,233 | ||||||
213 | Palo Alto Networks, Inc.(a) | 118,601 | ||||||
600 | Trade Desk, Inc. (The), Class A(a) | 54,984 | ||||||
1,092,321 | ||||||||
Materials — 6.7% | ||||||||
2,817 | Freeport-McMoRan, Inc. | 117,553 | ||||||
1,834 | Louisiana-Pacific Corp. | 143,694 | ||||||
942 | Newmont Corp. | 58,423 | ||||||
1,500 | The Mosaic Co. | 58,935 | ||||||
378,605 | ||||||||
Real Estate — 6.2% | ||||||||
1,048 | Prologis, Inc. | 176,441 | ||||||
462 | Public Storage | 173,047 | ||||||
349,488 | ||||||||
Utilities — 6.6% | ||||||||
2,344 | Alcoa Corp. | 139,655 | ||||||
1,400 | Lamb Weston Holdings, Inc. | 88,732 | ||||||
1,535 | NextEra Energy, Inc. | 143,308 | ||||||
371,695 | ||||||||
Total Common Stocks (Cost $5,216,119) | 5,387,957 | |||||||
Total Investments — 95.4% (Cost $5,216,119) | 5,387,957 | |||||||
Other Assets in Excess of Liabilities — 4.6% | 259,759 | |||||||
Net Assets — 100.0% | 5,647,716 |
(a) Non-income producing security
ADR — American Depositary Receipt
PLC— Public Limited Company
Portfolio of Investments | December 31, 2021 (Unaudited) |
Fat Tail Risk ETF |
Portfolio of Investments Summary Table | Percentage of Fair Value (%) | |||
Exchange-Traded Note | 7.0 | |||
Exchange-Traded Funds | 93.0 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2021, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.
Portfolio of Investments | ||||||||
Shares | Fair Value ($) | |||||||
Exchange-Traded Note — 6.6% | ||||||||
6,410 | iPath Series B S&P 500 VIX Short-Term Futures ETN (a) | 118,777 | ||||||
Total Exchange-Traded Note (Cost $173,320) | 118,777 | |||||||
Exchange-Traded Funds — 87.6% | ||||||||
996 | Consumer Staples Select Sector SPDR Fund ETF | 76,802 | ||||||
1,305 | Defiance Next Gen Connectivity ETF | 54,418 | ||||||
1,378 | Financial Select Sector SPDR Fund ETF | 53,811 | ||||||
525 | Health Care Select Sector SPDR Fund ETF | 73,967 | ||||||
220 | Invesco QQQ Trust Series 1 | 87,527 | ||||||
2,194 | Invesco S&P 500 Low Volatility ETF | 150,574 | ||||||
450 | iShares 20+ Year Treasury Bond ETF | 66,685 | ||||||
1,834 | iShares MSCI USA Min Vol Factor ETF | 148,371 | ||||||
668 | iShares U.S. Real Estate ETF | 77,581 | ||||||
815 | Materials Select Sector SPDR Fund ETF | 73,847 | ||||||
1,426 | Real Estate Select Sector SPDR Fund ETF | 73,881 | ||||||
846 | SPDR S&P 500 ETF Trust | 401,816 | ||||||
406 | SPDR S&P Metals & Mining ETF | 18,181 | ||||||
1,044 | Utilities Select Sector SPDR Fund ETF | 74,730 | ||||||
197 | VanEck Semiconductor ETF | 60,832 | ||||||
281 | Vanguard Mega Capital Growth ETF | 73,274 | ||||||
Total Exchange-Traded Funds (Cost $1,485,708) | 1,566,297 | |||||||
Total Investments — 94.2% (Cost $1,659,028) | 1,685,074 | |||||||
Other Assets in Excess of Liabilities — 5.8% | 103,394 | |||||||
Net Assets — 100.0% | 1,788,468 |
a) Non-income producing security
ETF — Exchange-Traded Fund
ETN — Exchange-Traded Note
S&P — Standard and Poor’s
SPDR — Standard & Poor’s Depositary Receipts
Portfolio of Investments | December 31, 2021 (Unaudited) |
Rareview Dynamic Fixed Income ETF
Portfolio of Investments Summary Table | Percentage of Fair Value (%) | |||
Financials | 6.0 | |||
Closed End Funds | 93.8 | |||
Options on Futures | 0.2 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2021, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.
Portfolio of Investments | ||||||||
Shares | Fair Value ($) | |||||||
Common Stocks — 5.9% | ||||||||
Financials — 5.9% | ||||||||
98,474 | AGNC Investment Corp. | 1,481,049 | ||||||
64,734 | Great Ajax Corp. | 851,899 | ||||||
57,305 | TPG RE Finance Trust, Inc. | 705,998 | ||||||
71,374 | Two Harbors Investment Corp. | 411,828 | ||||||
3,450,774 | ||||||||
Total Common Stocks (Cost $3,758,716) | 3,450,774 | |||||||
Closed End Funds — 91.7% | ||||||||
536,742 | Aberdeen Asia-Pacific Income Fund, Inc. | 2,050,354 | ||||||
43,527 | Aberdeen Global Premier Properties Fund | 297,725 | ||||||
172,195 | Angel Oak Financial Strategies Income Term Trust | 2,937,647 | ||||||
22,427 | Apollo Senior Floating Rate Fund, Inc. | 361,299 | ||||||
244,836 | Ares Dynamic Credit Allocation Fund, Inc. | 3,998,172 | ||||||
21,994 | BlackRock MuniHoldings Fund, Inc. | 368,619 | ||||||
249,431 | BlackRock MuniVest Fund, Inc. | 2,387,055 | ||||||
61,485 | BlackRock MuniYield Quality Fund III, Inc. | 911,208 | ||||||
212,750 | Blackstone Strategic Credit Fund | 2,869,997 | ||||||
214,640 | BrandywineGLOBAL Global Income Opportunities Fund | 2,513,434 | ||||||
93,990 | Doubleline Yield Opportunities Fund | 1,757,613 | ||||||
135,900 | Eaton Vance Municipal Bond Fund | 1,845,522 | ||||||
279,604 | Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. | 1,532,230 | ||||||
73,652 | Nuveen AMT-Free Quality Municipal Income Fund | 1,148,971 | ||||||
617,912 | Nuveen Credit Strategies Income Fund | 4,010,249 | ||||||
170,827 | Nuveen Floating Rate Income Fund | 1,737,311 | ||||||
77,831 | Nuveen Municipal Credit Opportunities Fund | 1,218,833 | ||||||
86,641 | Nuveen New Jersey Quality Municipal Income Fund | 1,332,539 | ||||||
63,755 | Nuveen New York AMT-Free Quality Municipal Income | 879,181 | ||||||
65,317 | Nuveen Quality Municipal Income Fund | 1,052,257 | ||||||
571,797 | Nuveen Senior Income Fund | 3,373,602 | ||||||
162,916 | Nuveen Short Duration Credit Opportunities Fund | 2,414,187 | ||||||
217,117 | PGIM Global High Yield Fund, Inc. | 3,276,296 | ||||||
220,918 | PGIM High Yield Bond Fund, Inc. | 3,545,734 | ||||||
46,043 | PIMCO Dynamic Income Opportunities Fund | 900,601 | ||||||
237,731 | Western Asset Emerging Markets Debt Fund, Inc. | 3,042,957 | ||||||
113,654 | Western Asset Managed Municipals Fund, Inc. | 1,486,594 | ||||||
53,250,187 | ||||||||
Total Closed End Funds (Cost $53,842,731) | 53,250,187 |
Portfolio of Investments (Continued) | December 31, 2021 (Unaudited) |
Rareview Dynamic Fixed Income ETF
Fair Value ($) | ||||
Purchased Options on Futures — 0.2% | ||||
Total Purchased Options on Futures (Cost $413,745) | 122,400 | |||
Total Investments — 97.8% (Cost $58,015,192) | 56,823,361 | |||
Other Assets in Excess of Liabilities — 2.2% | 1,285,019 | |||
Net Assets — 100.0% | 58,108,380 |
AMT — Alternative Minimum Tax
Written Options on Futures Contracts
Exchange-traded options on futures contracts written as of December 31, 2021 were as follows:
Description | Put/Call | Number of Contracts | Notional (000)($)(a) | Premiums Received ($) | Strike Price ($) | Expiration Date | Value ($) | |||||||||||||||||
Euro$ 3Y Midcurve Options | Put | 3,264 | 794,621 | 198,255 | 97.38 | 3/11/22 | (40,800 | ) | ||||||||||||||||
(Total Premiums Received $198,255) | (40,800 | ) |
Purchased Options on Futures Contracts
Exchanged-traded options on futures contracts purchased as of December 31, 2021 were as follows:
Description | Put/Call | Number of Contracts | Notional (000)($)(a) | Strike Price ($) | Expiration Date | Value ($) | ||||||||||||||
Euro$ 3Y Midcurve Options | Put | 3,264 | 796,661 | 97.63 | 3/11/22 | 122,400 | ||||||||||||||
(Total Cost $413,745) | 122,400 |
Futures Contracts
At December 31, 2021, the Fund’s open future contracts were as follows:
Futures Contracts Sold
Description | Number of Contracts | Expiration Date | Notional Amount ($) | Value and Unrealized Appreciation/(Depreciation) ($) | |||||||||
U.S. Treasury 10-Year Note March Futures (U.S. Dollar) | 39 | 3/22/22 | 5,711,063 | (90,251 | ) | ||||||||
(90,251 | ) |
(a) | Notional amount is expressed as the number of contracts multiplied by 2,500, multiplied by the strike price of the underlying asset. |
Portfolio of Investments | December 31, 2021 (Unaudited) |
Rareview Tax Advantaged Income ETF
Portfolio of Investments Summary Table | Percentage of Fair Value (%) | |||
Closed End Funds | 99.8 | |||
Options on Futures | 0.2 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2021, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.
Portfolio of Investments | ||||||||
Shares | Fair Value ($) | |||||||
Closed End Funds — 97.9% | ||||||||
121,566 | BlackRock MuniHoldings Fund, Inc. | 2,037,446 | ||||||
384,392 | BlackRock MuniVest Fund, Inc. | 3,678,631 | ||||||
131,874 | BlackRock MuniYield Quality Fund III, Inc. | 1,954,373 | ||||||
210,866 | Eaton Vance Municipal Bond Fund | 2,863,560 | ||||||
232,037 | Nuveen AMT-Free Quality Municipal Income Fund | 3,619,777 | ||||||
67,445 | Nuveen California Quality Municipal Income Fund | 1,054,840 | ||||||
69,341 | Nuveen Municipal Credit Opportunities Fund | 1,085,880 | ||||||
102,668 | Nuveen New Jersey Quality Municipal Income Fund | 1,579,034 | ||||||
111,435 | Nuveen New York AMT-Free Quality Municipal Income | 1,536,689 | ||||||
198,027 | Nuveen Quality Municipal Income Fund | 3,190,215 | ||||||
184,717 | Western Asset Managed Municipals Fund, Inc. | 2,416,098 | ||||||
25,016,543 | ||||||||
Total Closed End Funds (Cost $24,634,315) | 25,016,543 | |||||||
Purchased Options on Futures — 0.2% | ||||||||
Total Purchased Options on Futures (Cost $133,717) | 45,900 | |||||||
Total Investments — 98.1% (Cost $24,768,032) | 25,062,443 | |||||||
Other Assets in Excess of Liabilities — 1.9% | 483,571 | |||||||
Net Assets — 100.0% | 25,546,014 |
AMT — Alternative Minimum Tax
Written Options on Futures Contracts
Exchange-traded options on futures contracts written as of December 31, 2021 were as follows:
Description | Put/Call | Number of Contracts | Notional Amount (000)($)(a) | Premiums Received ($) | Strike Price ($) | Expiration Date | Value ($) | ||||||||||||||||||
Euro$ 3Y Midcurve Options | Put | 1,224 | 297,983 | 62,096 | 97.38 | 3/11/22 | (15,300 | ) | |||||||||||||||||
(Total Premiums Received $62,096) | (15,300 | ) |
Purchased Options on Futures Contracts
Exchanged-traded options on futures contracts purchased as of December 31, 2021 were as follows:
Description | Put/Call | Number of Contracts | Notional Amount (000)($)(a) | Strike Price ($) | Expiration Date | Value ($) | |||||||||||||||
Euro$ 3Y Midcurve Options | Put | 1,224 | 298,748 | 97.63 | 3/11/22 | 45,900 | |||||||||||||||
(Total Cost $133,717) | 45,900 |
(a) | Notional amount is expressed as the number of contracts multiplied by 2,500, multiplied by the strike price of the underlying asset. |
Portfolio of Investments (Continued) | December 31, 2021 (Unaudited) |
Rareview Tax Advantaged Income ETF
Futures Contracts
At December 31, 2021, the Fund’s open future contracts were as follows:
Futures Contracts Sold
Description | Number of Contracts | Expiration Date | Notional Amount ($) | Value and Unrealized Appreciation/(Depreciation) ($) | |||||||||
U.S. Treasury 10-Year Note March Futures (U.S. Dollar) | 21 | 3/22/22 | 3,075,188 | (48,597) | |||||||||
(48,597) |
Portfolio of Investments | December 31, 2021 (Unaudited) |
Revere Sector Opportunity ETF
Portfolio of Investments Summary Table | Percentage of Fair Value (%) | |||
Exchange-Traded Funds | 100.0 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2021, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.
Portfolio of Investments | ||||||||
Shares | Fair Value ($) | |||||||
Exchange-Traded Funds — 99.0% | ||||||||
8,949 | Communication Services Select Sector SPDR Fund ETF | 695,158 | ||||||
5,723 | Consumer Discretionary Select Sector SPDR Fund ETF | 1,170,010 | ||||||
1,054 | Consumer Staples Select Sector SPDR Fund ETF | 81,274 | ||||||
6,372 | Energy Select Sector SPDR Fund ETF | 353,646 | ||||||
26,918 | Financial Select Sector SPDR Fund ETF | 1,051,148 | ||||||
6,543 | Health Care Select Sector SPDR Fund ETF | 921,843 | ||||||
6,137 | Industrial Select Sector SPDR Fund ETF | 649,356 | ||||||
2,211 | Materials Select Sector SPDR Fund ETF | 200,339 | ||||||
4,235 | Real Estate Select Sector SPDR Fund ETF | 219,415 | ||||||
13,128 | Technology Select Sector SPDR Fund ETF | 2,282,566 | ||||||
1,120 | Utilities Select Sector SPDR Fund ETF | 80,170 | ||||||
7,704,925 | ||||||||
Total Exchange-Traded Funds (Cost $7,366,703) | 7,704,925 | |||||||
Total Investments — 99.0% (Cost $7,366,703) | 7,704,925 | |||||||
Other Assets in Excess of Liabilities — 1.0% | 77,265 | |||||||
Net Assets — 100.0% | 7,782,190 |
ETF — Exchange-Traded Fund
SPDR — Standard & Poor’s Depositary Receipts
Portfolio of Investments | December 31, 2021 (Unaudited) |
Mohr Growth ETF
Portfolio of Investments Summary Table | Percentage of Fair Value (%) | |||
Communication Services | 2.4 | |||
Consumer Discretionary | 4.1 | |||
Energy | 3.4 | |||
Financials | 3.5 | |||
Health Care | 13.5 | |||
Industrials | 4.3 | |||
Information Technology | 14.9 | |||
Materials | 3.7 | |||
Utilities | 8.4 | |||
Exchange-Traded Funds | 41.8 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2021, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.
Portfolio of Investments | ||||||||
Shares | Fair Value ($) | |||||||
Common Stocks — 57.6% | ||||||||
Communication Services — 2.4% | ||||||||
1,116 | Activision Blizzard, Inc. | 74,247 | ||||||
Consumer Discretionary — 4.1% | ||||||||
6,160 | Ford Motor Co. | 127,943 | ||||||
Energy — 3.3% | ||||||||
4,555 | Halliburton Co. | 104,173 | ||||||
Financials — 3.5% | ||||||||
160 | SVB Financial Group(a) | 108,518 | ||||||
Health Care — 13.4% | ||||||||
1,840 | Cerner Corp. | 170,881 | ||||||
372 | Danaher Corp. | 122,392 | ||||||
490 | Moderna, Inc.(a) | 124,450 | ||||||
417,723 | ||||||||
Industrials — 4.2% | ||||||||
645 | J.B. Hunt Transport Services, Inc. | 131,838 | ||||||
Information Technology — 14.7% | ||||||||
697 | Advanced Micro Devices, Inc.(a) | 100,298 | ||||||
890 | Arista Networks, Inc.(a) | 127,938 | ||||||
728 | QUALCOMM, Inc. | 133,129 | ||||||
163 | Zebra Technologies Corp.(a) | 97,018 | ||||||
458,383 | ||||||||
Materials — 3.7% | ||||||||
2,890 | The Mosaic Co. | 113,548 | ||||||
Utilities — 8.3% | ||||||||
2,250 | Lamb Weston Holdings, Inc. | 142,605 | ||||||
2,695 | NRG Energy, Inc. | 116,101 | ||||||
258,706 | ||||||||
Total Common Stocks (Cost $1,777,153) | 1,795,079 | |||||||
Exchange-Traded Funds — 41.4% | ||||||||
580 | Invesco Exchange-Traded Fund Trust-Invesco S&P 500® Top 50 ETF | 214,072 | ||||||
2,173 | Invesco S&P 500 GARP ETF | 210,846 | ||||||
2,675 | Schwab U.S. Dividend Equity ETF | 216,220 | ||||||
475 | Vanguard Information Technology ETF | 217,631 | ||||||
2,711 | Vanguard Russell 1000 Growth ETF | 212,922 | ||||||
3,323 | WisdomTree U.S. Quality Dividend Growth Fund | 218,853 | ||||||
1,290,544 |
Portfolio of Investments (Continued) | December 31, 2021 (Unaudited) |
Mohr Growth ETF
Fair Value ($) | ||||
Total Exchange-Traded Funds (Cost $1,270,456) | 1,290,544 | |||
Total Investments — 99.0% (Cost $3,047,609) | 3,085,623 | |||
Other Assets in Excess of Liabilities — 1.0% | 29,401 | |||
Net Assets — 100.0% | 3,115,024 |
(a) Non-income producing security
ETF — Exchange-Traded Fund |
S&P — Standard and Poor’s |
Portfolio of Investments | December 31, 2021 (Unaudited) |
Mindful Conservative ETF
Portfolio of Investments Summary Table | Percentage of Fair Value (%) | |||
Exchange-Traded Funds | 100.0 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2021, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.
Portfolio of Investments | ||||||||
Shares | Fair Value ($) | |||||||
Exchange-Traded Funds — 92.6% | ||||||||
1,964 | First Trust Rising Dividend Achievers ETF | 101,716 | ||||||
572 | iShares Convertible Bond ETF | 51,011 | ||||||
1,882 | iShares Core Total USD Bond Market ETF | 99,614 | ||||||
514 | iShares Core U.S. Aggregate Bond ETF | 58,637 | ||||||
987 | iShares MSCI USA ESG Select ETF | 104,869 | ||||||
1,497 | iShares Preferred & Income Securities ETF | 59,027 | ||||||
540 | PIMCO Active Bond ETF | 59,081 | ||||||
1,753 | Schwab Intermediate-Term U.S. Treasury ETF | 98,414 | ||||||
1,394 | Schwab U.S. Large-Capital Value ETF | 102,069 | ||||||
689 | SPDR Bloomberg Barclays Convertible Securities ETF | 57,160 | ||||||
657 | Vanguard Intermediate-Term Bond ETF | 57,566 | ||||||
628 | Vanguard Intermediate-Term Corporate Bond ETF | 58,253 | ||||||
559 | Vanguard Long-Term Bond ETF | 57,532 | ||||||
554 | Vanguard Long-Term Corporate Bond ETF | 58,635 | ||||||
718 | Vanguard Short-Term Bond ETF | 58,036 | ||||||
720 | Vanguard Short-Term Corporate Bond ETF | 58,507 | ||||||
1,140,127 | ||||||||
Total Exchange-Traded Funds (Cost $1,145,270) | 1,140,127 | |||||||
Total Investments — 92.6% (Cost $1,145,270) | 1,140,127 | |||||||
Other Assets in Excess of Liabilities — 7.4% | 90,708 | |||||||
Net Assets — 100.0% | 1,230,835 |
ETF — Exchange-Traded Fund
SPDR — Standard & Poor’s Depositary Receipts
Portfolio of Investments | December 31, 2021 (Unaudited) |
Adaptive Core ETF
Portfolio of Investments Summary Table | Percentage of Fair Value (%) | |||
Consumer Discretionary | 3.6 | |||
Financials | 1.3 | |||
Health Care | 4.6 | |||
Information Technology | 15.3 | |||
Exchange-Traded Funds | 75.2 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2021, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.
Portfolio of Investments | ||||||||
Shares | Fair Value ($) | |||||||
Common Stocks — 23.1% | ||||||||
Consumer Discretionary — 3.4% | ||||||||
61 | Tesla, Inc.(a) | 64,464 | ||||||
Financials — 1.2% | ||||||||
150 | JPMorgan Chase & Co. | 23,753 | ||||||
Health Care — 4.3% | ||||||||
293 | Eli Lilly & Co. | 80,932 | ||||||
Information Technology — 14.2% | ||||||||
205 | Accenture PLC, Class A | 84,983 | ||||||
766 | Cisco Systems, Inc. | 48,541 | ||||||
96 | Intuit, Inc. | 61,749 | ||||||
409 | QUALCOMM, Inc. | 74,794 | ||||||
270,067 | ||||||||
Total Common Stocks (Cost $440,155) | 439,216 | |||||||
Exchange-Traded Funds — 70.2% | ||||||||
2,280 | First Trust SSI Strategic Convertible Securities ETF | 94,426 | ||||||
1,627 | Invesco Dynamic Large Capital Growth ETF | 131,413 | ||||||
1,288 | Invesco S&P 500 GARP ETF | 124,975 | ||||||
2,365 | iShares Core 1-5 Year USD Bond ETF | 119,267 | ||||||
946 | iShares MSCI USA Min Vol Factor ETF | 76,531 | ||||||
452 | SPDR Bloomberg Barclays Convertible Securities ETF | 37,498 | ||||||
846 | SPDR SSGA US Large Capital Low Volatility Index ETF | 127,462 | ||||||
3,681 | VanEck Vectors Fallen Angel High Yield Bond ETF | 121,363 | ||||||
1,341 | Vanguard Intermediate-Term Bond ETF | 117,498 | ||||||
1,400 | Vanguard Intermediate-Term Corporate Bond ETF | 129,864 | ||||||
729 | Vanguard Mega Capital ETF | 122,530 | ||||||
1,632 | Vanguard Russell 1000 Growth ETF | 128,177 | ||||||
1,331,004 | ||||||||
Total Exchange-Traded Funds (Cost $1,341,347) | 1,331,004 | |||||||
Total Investments — 93.3% (Cost $1,781,502) | 1,770,220 | |||||||
Other Assets in Excess of Liabilities — 6.7% | 126,463 | |||||||
Net Assets — 100.0% | 1,896,683 |
(a) Non-income producing security
ETF — Exchange-Traded Fund
PLC — Public Limited Company
S&P — Standard and Poor’s
SPDR — Standard & Poor’s Depositary Receipts
Portfolio of Investments | December 31, 2021 (Unaudited) |
Goose Hollow Tactical Allocation ETF |
Portfolio of Investments Summary Table | Percentage of Fair Value (%) | |||
Preferred Stock | 6.8 | |||
Exchange-Traded Funds | 93.2 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2021, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.
Portfolio of Investments | ||||||||
Shares | Fair Value ($) | |||||||
Preferred Stock — 2.6% | ||||||||
10,000 | Federal National Mortgage Association, 8.25% | 31,200 | ||||||
Total Preferred Stock (Cost $35,350) | 31,200 | |||||||
Exchange-Traded Funds — 35.2% | ||||||||
400 | Aberdeen Standard Physical Platinum Shares ETF | 35,960 | ||||||
4,000 | iShares MSCI Brazil ETF | 112,280 | ||||||
2,552 | iShares MSCI Chile ETF | 58,926 | ||||||
2,000 | iShares MSCI Europe Financials ETF | 40,100 | ||||||
5,600 | VanEck China Bond ETF | 138,207 | ||||||
1,600 | VanEck Egypt Index ETF | 43,430 | ||||||
Total Exchange-Traded Funds (Cost $434,369) | 428,903 | |||||||
Total Investments — 37.8% (Cost $469,719) | 460,103 | |||||||
Other Assets in Excess of Liabilities — 62.2% | 756,909 | |||||||
Net Assets — 100.0% | 1,217,012 |
ETF — Exchange-Traded Fund