Collaborative Investment Series Trust NPORTP Rareview Tax Advantaged Income ETF (Dec 2024 report)

Portfolio of Investments	December 31, 2024 (Unaudited)
Rareview Dynamic Fixed Income ETF

Shares			Fair Value ($)

Closed-End Funds — 79.0%
	142,707	Aberdeen Asia-Pacific Income Fund, Inc.		2,100,647
	238,836	Allspring Income Opportunities Fund		1,645,580
	158,330	Allspring Multi-Sector Income Fund		1,455,053
	155,418	BlackRock Credit Allocation Income Trust		1,625,672
	125,287	BlackRock Municipal Income Trust II		1,316,766
	21,201	BlackRock MuniHoldings Fund, Inc.		247,416
	51,368	BlackRock MuniYield Fund, Inc.		533,714
	116,656	Brookfield Real Assets Income Fund, Inc.		1,553,858
	109,516	First Trust Intermediate Duration Preferred & Income Fund		1,971,288
	190,326	Franklin, Ltd. Duration Income Trust		1,261,861
	128,797	Invesco Municipal Opportunity Trust		1,251,907
	85,291	Invesco Municipal Trust		836,705
	105,537	Invesco Quality Municipal Income Trust		1,040,595
	13,426	Invesco Value Municipal Income Trust		159,635
	677,581	Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.		3,076,218
	117,854	Nuveen AMT-Free Municipal Credit Income Fund		1,444,890
	106,583	Nuveen AMT-Free Quality Municipal Income Fund		1,202,256
	172,031	Nuveen Municipal Credit Income Fund		2,093,617
	144,293	Nuveen Quality Municipal Income Fund		1,682,456
	187,323	Nuveen Variable Rate Preferred & Income Fund		3,414,898
	61,576	PGIM Global High Yield Fund, Inc.		758,616
	112,282	PGIM Short Duration High Yield Opportunities Fund		1,809,986
	23,076	PIMCO Dynamic Income Strategy Fund		602,976
	426,777	Templeton Emerging Markets Income Fund		2,189,366
	354,511	Western Asset Emerging Markets Debt Fund, Inc.		3,410,396
	142,549	Western Asset Global High Income Fund, Inc.		952,227
	196,515	Western Asset High Income Fund II, Inc.		827,328
	679,634	Western Asset High Income Opportunity Fund, Inc.		2,670,962
	112,883	Western Asset Managed Municipals Fund, Inc.		1,151,407
Total Closed-End Funds (Cost $44,426,120)				44,288,296

Common Stocks — 3.0%
Financials — 3.0%
	90,801	AGNC Investment Corp.		836,277
	45,737	Annaly Capital Management, Inc.		836,987
				1,673,264
Total Common Stocks (Cost $1,739,710)				1,673,264

Exchange-Traded Funds — 14.6%
	82,291	Angel Oak Income ETF		1,694,372
	11,789	iShares J.P. Morgan USD Emerging Markets Bond ETF		1,049,693
	7,054	iShares MBS ETF		646,711
	32,957	PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF		2,261,509
	27,619	SPDR Bloomberg 1-3 Month T-Bill ETF		2,525,205
Total Exchange-Traded Funds (Cost $8,523,865)				8,177,490

Purchased Options Contracts — 0.6%^(a)
Total Purchased Options Contracts (Cost $320,528)				345,000

Total Investments — 97.2% (Cost $55,010,223)				54,484,050
Other Assets in Excess of Liabilities — 2.8%				1,546,231
Net Assets — 100.0%				56,030,281

Portfolio of Investments (continued)

December 31, 2024 (Unaudited)

Rareview Dynamic Fixed Income ETF

(a)

See Purchased Options Contracts.

AMT — Alternative Minimum Tax

ETF — Exchange-Traded Fund

MBS — Mortgage-Backed Securities

PIMCO — Pacific Investment Management Company

SPDR — Standard & Poor’s Depositary Receipts

Futures Contracts

At December 31, 2024, the Fund’s open futures contracts were as follows:

Futures Contracts Purchased

Description

Number

Contracts

Expiration

Date

Notional

Amount ($)

Value ($)

Unrealized

Appreciation

(Depreciation) ($)

USD Cnh Ph Fut Mar25

3/17/25

8,466,696

8,485,693

18,997

Written Options Contacts

Exchange-traded options on futures contracts written as of December 31, 2024 were as follows:

Description

Put/Call

Number of

Contracts

Notional

Amount

(000)($)^(a)

Premiums

Received ($)

Strike Price

($)

Expiration

Date

Value ($)

3 Month SOFR Options

Call

2,300

555,594

196,972

96.63

4/11/25

(201,250

)

(Total Premiums Received $196,972)

(201,250

)

Purchased Options Contracts

Exchange-traded options on futures contracts purchased as of December 31, 2024 were as follows:

Description

Put/Call

Number of

Contracts

Notional

Amount

(000)($)^(a)

Cost ($)

Strike Price

($)

Expiration

Date

Value ($)

3 Month SOFR Options

Call

2,300

554,156

320,528

96.38

4/11/25

345,000

(Total Cost $320,528) - 0.6%

345,000

(a)

Notional amount is expressed as the number of contracts multiplied by contract size multiplied by the strike price of the underlying asset.

Portfolio of Investments	December 31, 2024 (Unaudited)
Rareview Tax Advantaged Income ETF

Shares			Fair Value ($)

Closed-End Funds — 98.9%
	171,717	BlackRock Municipal Income Trust II		1,804,746
	20,282	BlackRock MuniHoldings Fund, Inc.		236,691
	49,135	BlackRock MuniYield Fund, Inc.		510,513
	152,453	Invesco Municipal Opportunity Trust		1,481,843
	168,606	Invesco Municipal Trust		1,654,025
	171,780	Invesco Quality Municipal Income Trust		1,693,751
	131,388	Invesco Value Municipal Income Trust		1,562,203
	146,422	Nuveen AMT-Free Municipal Credit Income Fund		1,795,134
	119,323	Nuveen AMT-Free Quality Municipal Income Fund		1,345,964
	226,260	Nuveen Municipal Credit Income Fund		2,753,584
	218,737	Nuveen Quality Municipal Income Fund		2,550,473
	204,992	Western Asset Managed Municipals Fund, Inc.		2,090,918
Total Closed-End Funds (Cost $19,895,081)				19,479,845

Total Investments — 98.9% (Cost $19,895,081)				19,479,845
Other Assets in Excess of Liabilities — 1.1%				210,341
Net Assets — 100.0%				19,690,186

AMT — Alternative Minimum Tax

Portfolio of Investments	December 31, 2024 (Unaudited)
Rareview Systematic Equity ETF

Shares			Fair Value ($)

Exchange-Traded Funds — 90.6%
	15,480	Invesco QQQ Trust Series 1		7,913,840
	222,174	U.S. Treasury 3 Month Bill ETF		11,077,596
	204,750	Vanguard FTSE Developed Markets ETF		9,791,145
	88,358	Vanguard FTSE Emerging Markets ETF		3,891,286
	25,794	Vanguard S&P 500 ETF		13,898,066
	16,137	Vanguard Small-Cap ETF		3,877,398
Total Exchange-Traded Funds (Cost $43,529,755)				50,449,331

Total Investments — 90.6% (Cost $43,529,755)				50,449,331
Other Assets in Excess of Liabilities — 9.4%				5,260,802
Net Assets — 100.0%				55,710,133

ETF — Exchange-Traded Fund

FTSE — Financial Times Stock Exchange

S&P — Standard and Poor’s

Futures Contracts

At December 31, 2024, the Fund’s open futures contracts were as follows:

Futures Contracts Purchased

Description	Number of Contracts	Expiration Date	Notional Amount ($)		Value ($)		Unrealized Appreciation (Depreciation) ($)
S&P 500 E-mini Future	42	3/21/25		12,911,633		12,465,075		(446,558	)
NASDAQ 100 E-mini Future	17	3/21/25		7,618,893		7,217,010		(401,883	)
Mini MSCI Emerging Markets Index Future	66	3/21/25		3,669,585		3,543,540		(126,045	)
Mini MSCI EAFE Index Future	79	3/21/25		9,225,853		8,956,625		(269,228	)
Russell 2000 Mini Index Future	31	3/21/25		3,699,486		3,487,190		(212,296	)
								(1,456,010	)

Portfolio of Investments	December 31, 2024 (Unaudited)
Rareview Total Return Bond ETF

Face Value ($)			Fair Value ($)

Asset-Backed Securities — 2.0%
	60,000	Carmax Auto Owner Trust Series 2022-3 4.98% 02/15/2028		59,959
	100,000	Dell Equipment Finance Trust Series 2023-3 5.93% 04/23/2029		101,314
	100,000	Ford Credit Auto Owner Trust Series 2024-A 5.09% 12/15/2028		100,899
	75,000	MetroNet Infrastructure Issuer LLC Series 2023-1A 6.56% 04/20/2053		76,874
	215,000	Verizon Master Trust Series 2024-3 5.34% 04/22/2030		218,621
Total Asset - Backed Securities (Cost $553,793)				557,667

Collateralized Mortgage Obligations — 13.0%
	174,838	Angel Oak Mortgage Trust Series 2021-7 1.98% 10/25/2066		147,720
	50,000	BANK Series 2024-BNK47 6.61% 06/15/2057		51,385
	100,000	BANK Series 2019-BN22 2.98% 11/15/2062		90,214
	140,000	BANK Series 2019-BN22 3.41% 11/15/2062		122,896
	232,243	BBCMS Mortgage Trust Series 2024-C24 5.23% 02/15/2057		232,910
	100,000	BBCMS Mortgage Trust Series 2024-5C29 4.74% 09/15/2057		98,696
	65,000	Benchmark Mortgage Trust Series 2020-B20 2.53% 10/15/2053		51,345
	127,000	Benchmark Mortgage Trust Series 2024-V7 6.23% 05/15/2056		132,025
	100,000	Benchmark Mortgage Trust Series 2024-V7 6.53% 05/15/2056		103,699
	100,000	Benchmark Mortgage Trust Series 2024-V6 6.38% 03/15/2057		103,196
	100,000	BMO Mortgage Trust Series 2024-C9 6.54% 07/15/2057		103,702
	142,547	BRAVO Residential Funding Trust Series 2024-NQM4 4.35% 01/25/2060		137,288
	100,000	CCUBS Commercial Mortgage Trust Series 2017-C1 3.28% 11/15/2050		95,301
	100,838	COLT Mortgage Loan Trust Series 2021-HX1 1.11% 10/25/2066		84,417
	135,000	CSAIL Commercial Mortgage Trust Series 2018-C14 4.42% 11/15/2051		130,425
	100,000	Federal Home Loan Mortgage Corporation Series KG02 2.41% 08/25/2029		90,752
	100,000	Federal Home Loan Mortgage Corporation Series K-158 4.05% 07/25/2033		93,935
	74,251	Flagstar Mortgage Trust Series 2021-4 2.50% 06/01/2051^(a)		64,723
	130,385	GCAT Trust Series 2021-NQM5 1.26% 07/25/2066		107,116
	194,331	JP Morgan Mortgage Trust Series 2021-4 5.00% 08/25/2051		179,994
	20,448	JPMBB Commercial Mortgage Securities Trust Series 2014-C25 3.67% 11/15/2047		20,141
	145,000	MED Commercial Mortgage Trust Series 2024-MOB 5.99% 05/15/2041		144,894
	118,689	Mello Mortgage Capital Acceptance Series 2021-INV2 2.50% 08/25/2051		103,557
	100,000	Morgan Stanley Capital I Trust Series 2019-L2 4.07% 03/15/2052		95,460
	279,102	PRKCM Trust Series 2021-AFC2 2.07% 11/25/2056		241,249
	72,264	PRMI Securitization Trust Series 2021-1 2.00% 04/25/2051		61,773
	93,969	TRK Trust Series 2021-INV2 1.97% 11/25/2056		80,738
	110,000	Wells Fargo Commercial Mortgage Trust Series 2016-C34 3.10% 06/15/2049		106,601
	238,393	Wells Fargo Mortgage Backed Securities Trust Series 2021-1 2.70% 12/25/2050		197,833
	125,141	Wells Fargo Mortgage Backed Securities Trust Series 2021-2 2.50% 06/25/2051^(a)		109,204
	79,586	Wells Fargo Mortgage Backed Securities Trust Series 2022-2 2.50% 12/25/2051		63,560
	141,819	Wells Fargo Mortgage Backed Securities Trust Series 2022-INV1 3.00% 03/25/2052		126,337
Total Collateralized Mortgage Obligations (Cost $3,580,739)				3,573,086

Corporate Bonds — 20.8%
	207,000	Appalachian Power Co. 5.65% 04/01/2034		207,621
	65,000	AthenaHealth Group, Inc. 6.50% 02/15/2030		61,772
	214,000	Bank of America Corp. 5.47% 01/23/2035		214,234
	203,000	Boeing Co. (The) 6.13% 02/15/2033		209,789
	67,000	CCO Holdings LLC/CCO Holdings Capital Corp. 7.38% 03/01/2031		68,305
	202,000	Celanese U.S. Holdings LLC 6.38% 07/15/2032		205,186
	215,000	Citigroup, Inc. 4.91% 05/24/2033		207,796
	205,000	Dell International LLC/EMC Corp. 5.40% 04/15/2034		204,506
	66,000	Directv Financing LLC 8.88% 02/01/2030		64,947
	204,000	Eastman Chemical Co. 5.63% 02/20/2034		203,945
	222,000	EQT Corp. 5.75% 02/01/2034		220,672
	53,000	Expand Energy Corp. 5.38% 03/15/2030		51,825
	203,000	General Motors Financial Co., Inc. 6.10% 01/07/2034		205,940

Portfolio of Investments (continued)	December 31, 2024 (Unaudited)
Rareview Total Return Bond ETF

Face Value ($)			Fair Value ($)

Corporate Bonds — 20.8% (continued)
	240,000	Goldman Sachs Group, Inc. (The) 4.41% 04/23/2039		211,514
	265,000	GXO Logistics, Inc. 2.65% 07/15/2031		221,985
	204,000	HCA, Inc. 5.60% 04/01/2034		200,959
	166,000	Intel Corp. 5.15% 02/21/2034		159,260
	201,000	Interstate Power and Light Co. 5.70% 10/15/2033		204,235
	312,000	JPMorgan Chase & Co. 3.11% 04/22/2041		231,292
	212,000	Morgan Stanley 5.47% 01/18/2035		210,816
	30,000	Newell Brands, Inc. 5.70% 04/01/2026		29,987
	201,000	Ovintiv, Inc. 6.25% 07/15/2033		205,745
	196,000	Patterson-UTI Energy, Inc. 7.15% 10/01/2033		205,388
	63,000	Permian Resources Operating LLC 7.00% 01/15/2032		63,952
	206,000	Philip Morris International, Inc. 5.25% 02/13/2034		203,596
	234,000	Pilgrim’s Pride Corp. 4.25% 04/15/2031		215,339
	64,000	Post Holdings, Inc. 5.50% 12/15/2029		61,927
	205,000	Radian Group, Inc. 6.20% 05/15/2029		210,378
	207,000	State Street Corp. 5.16% 05/18/2034		205,685
	71,000	TEGNA, Inc. 5.00% 09/15/2029		66,401
	48,000	Tenet Healthcare Corp. 5.13% 11/01/2027		47,010
	204,000	Tyson Foods, Inc. 5.70% 03/15/2034		206,751
	205,000	U.S. Bancorp 5.68% 01/23/2035		206,730
	64,000	Univision Communications, Inc. 6.63% 06/01/2027		63,742
	215,000	Wells Fargo & Co. 5.61% 01/15/2044		205,724
Total Corporate Bonds (Cost $5,816,836)				5,764,954

Municipal Bonds — 0.9%
	55,000	California Municipal Finance Authority (COP) Series B 6.77% 11/01/2032		57,317
	20,000	City of Dallas (GO) 5.61% 02/15/2030		20,441
	55,000	County of Miami-Dade Transit System (RB) Series B 5.53% 07/01/2032		55,454
	35,000	Metropolitan Transportation Authority (RB) 6.65% 11/15/2039		37,111
	75,294	State of Illinois (GO) 5.10% 06/01/2033		74,232
Total Municipal Bonds (Cost $249,525)				244,555

Treasury Bill — 4.4%
	1,215,000	United States Treasury Bill 4.10% 3/18/2025^(b)		1,204,436
Total Treasury Bill (Cost $1,204,041)				1,204,436

Treasury Notes — 13.7%
	319,000	United States Treasury Note/Bond 4.50% 03/31/2026		319,869
	131,000	United States Treasury Note/Bond 3.75% 08/15/2027		129,336
	971,000	United States Treasury Note/Bond 4.13% 10/31/2029		959,818
	664,000	United States Treasury Note/Bond 4.13% 10/31/2031		649,931
	1,367,000	United States Treasury Note/Bond 4.25% 11/15/2034		1,331,370
	417,000	United States Treasury Note/Bond 4.25% 02/15/2054		380,408
Total Treasury Notes (Cost $3,818,685)				3,770,732

U.S. Government Agency Mortgages — 32.6%
	75,000	Federal Farm Credit Banks Funding Corp. 6.28% 05/24/2044		74,792
	105,000	Federal Home Loan Banks 5.15% 11/26/2027		105,495
	171,301	Federal Home Loan Mortgage Corporation 3.00% 02/01/2050		150,226
	353,178	Federal Home Loan Mortgage Corporation 2.50% 09/01/2051		287,946
	416,890	Federal Home Loan Mortgage Corporation 2.50% 10/01/2051		339,892
	326,233	Federal Home Loan Mortgage Corporation 2.00% 01/01/2052		254,699
	128,335	Federal Home Loan Mortgage Corporation 2.50% 02/01/2052		104,976
	496,152	Federal Home Loan Mortgage Corporation 2.50% 04/01/2052		407,706
	319,149	Federal Home Loan Mortgage Corporation 2.50% 04/01/2052		260,952
	418,420	Federal Home Loan Mortgage Corporation 3.00% 05/01/2052		356,217
	434,733	Federal Home Loan Mortgage Corporation 2.50% 05/01/2052		359,056
	797,551	Federal Home Loan Mortgage Corporation 3.00% 05/01/2052		678,297
	259,343	Federal Home Loan Mortgage Corporation 3.00% 06/01/2052		220,615

Portfolio of Investments (continued)	December 31, 2024 (Unaudited)
Rareview Total Return Bond ETF

Face Value ($)			Fair Value ($)

U.S. Government Agency Mortgages — 32.6%% (continued)
	180,692	Federal Home Loan Mortgage Corporation 2.50% 08/01/2052		147,309
	158,514	Federal Home Loan Mortgage Corporation 3.50% 08/01/2052		140,274
	250,783	Federal Home Loan Mortgage Corporation 4.00% 08/01/2052		229,681
	373,731	Federal Home Loan Mortgage Corporation 3.00% 09/01/2052		317,962
	388,794	Federal Home Loan Mortgage Corporation 2.50% 10/01/2052		316,828
	93,053	Federal National Mortgage Association 3.03% 12/01/2025		91,708
	265,480	Federal National Mortgage Association 2.50% 09/01/2051		216,440
	89,274	Federal National Mortgage Association 2.50% 12/01/2051		72,785
	88,218	Federal National Mortgage Association 2.50% 01/01/2052		71,921
	244,076	Federal National Mortgage Association 2.00% 03/01/2052		190,124
	299,043	Federal National Mortgage Association 2.50% 04/01/2052		244,634
	483,600	Federal National Mortgage Association 2.50% 04/01/2052		394,484
	163,936	Federal National Mortgage Association 3.00% 04/01/2052		139,390
	164,155	Federal National Mortgage Association 3.00% 04/01/2052		140,386
	94,450	Federal National Mortgage Association 2.50% 05/01/2052		77,002
	88,541	Federal National Mortgage Association 4.00% 06/01/2052		81,117
	328,264	Federal National Mortgage Association 2.50% 06/01/2052		268,088
	638,862	Federal National Mortgage Association 3.00% 06/01/2052		543,524
	44,769	Federal National Mortgage Association 3.00% 06/01/2052		38,124
	458,443	Federal National Mortgage Association 2.50% 06/01/2052		376,753
	173,918	Federal National Mortgage Association 3.50% 07/01/2052		154,140
	223,815	Federal National Mortgage Association 3.50% 10/01/2052		198,193
	299,104	Federal National Mortgage Association 3.00% 10/01/2052		254,435
	210,000	Federal National Mortgage Association 5.00% 01/25/2055		202,666
	500,000	Federal National Mortgage Association 4.50% 01/25/2055		470,236
Total U.S. Government Agency Mortgages (Cost $9,184,870)				8,979,073

Yankee Dollar — 0.8%
	196,000	ArcelorMittal SA 6.80% 11/29/2032		209,426
Total Yankee Dollar (Cost $209,579)				209,426

*Shares*			*Fair Value ($)*

Exchange-Traded Funds — 10.9%
	5,821	iShares 5-10 Year Investment Grade Corporate Bond ETF		299,840
	5,247	iShares MBS ETF		481,045
	1,547	PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF		106,155
	60,792	Rareview Dynamic Fixed Income ETF^(c)		1,436,818
	35,708	VanEck Emerging Markets High Yield Bond ETF		695,235
Total Exchange-Traded Funds (Cost $3,010,074)				3,019,093

Preferred Stock — 0.2%
Financials — 0.2%
	2,180	Rithm Capital Corp.		51,797
Total Preferred Stock (Cost $51,483)				51,797

Total Investments — 99.3% (Cost $27,679,625)				27,374,819
Other Assets in Excess of Liabilities — 0.7%				207,590
Net Assets — 100.0%				27,582,409

(a)

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, 2024 was $173,927 which represented 0.63% of the net assets of the Fund.

(b)

The rate represents the effective yield at December 31, 2024.

(c)

Affiliated security.

Portfolio of Investments (continued)

December 31, 2024 (Unaudited)

Rareview Total Return Bond ETF

COP — Certificate of Participation

ETF — Exchange-Traded Fund

GO — General Obligation

MBS — Mortgage-Backed Securities

PIMCO — Pacific Investment Management Company

RB — Revenue Bond

Affiliated Security

	Balance at September 30, 2024		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss) on Sales		Change in Unrealized Appreciation (Depreciation)			Balance at December 31, 2024		Shares as of December 31, 2024		Dividend Income		Capital Gain Distribution
Rareview Total Return Bond ETF

Rareview Dynamic Fixed Income ETF	$	1,283,328	$	239,937	$	—	$	—	$	(86,447	)	$	1,436,818		60,792	$	24,761	$	—

Collaborative Investment Series Trust NPORT-PRareview Tax Advantaged Income ETF (Dec 2024 report)