Robinson Alternative Yield Pre-Merger SPAC ETF | ||||||||
SCHEDULE OF INVESTMENTS at Janaury 31, 2023 (Unaudited) | ||||||||
Shares | Value | |||||||
Common Stocks - 96.9% | ||||||||
Special Purpose Acquisition Companies (SPACs) - 96.9% | ||||||||
Accretion Acquisition Corp. (1) | 2,065 | $ | 21,125 | |||||
Acropolis Infrastructure Acquisition Corp. - Class A (1) | 30,000 | 301,800 | ||||||
Aequi Acquisition Corp. - Class A (1) | 7,851 | 78,117 | ||||||
Aetherium Acquisition Corp. - Class A (1) | 24,300 | 249,318 | ||||||
Ahren Acquisition Corp. - Class A (1) | 26,465 | 272,589 | ||||||
Alset Capital Acquisition Corp. - Class A (1) | 33,000 | 334,950 | ||||||
AltC Acquisition Corp. - Class A (1) | 30,000 | 300,600 | ||||||
Altitude Acquisition Corp. - Class A (1) | 29,306 | 293,646 | ||||||
Andretti Acquisition Corp. - Class A (1) | 25,000 | 259,375 | ||||||
Anthemis Digital Acquisitions I Corp. - Class A (1) | 19,818 | 205,215 | ||||||
Anzu Special Acquisition Corp. I - Class A (1) | 24,612 | 248,335 | ||||||
AP Acquisition Corp. - Class A (1) | 26,309 | 274,140 | ||||||
Arogo Capital Acquisition Corp. - Class A (1) | 25,000 | 255,500 | ||||||
Artemis Strategic Investment Corp. - Class A (1) | 5,276 | 54,185 | ||||||
Athena Technology Acquisition Corp. II - Class A (1) | 25,000 | 253,750 | ||||||
Ault Disruptive Technologies Corp. (1) | 26,447 | 273,462 | ||||||
Aurora Technology Acquisition Corp. - Class A (1) | 32,000 | 328,000 | ||||||
AxonPrime Infrastructure Acquisition Corp. - Class A (1) | 7,088 | 71,234 | ||||||
B Riley Principal 250 Merger Corp. - Class A (1) | 35,000 | 352,450 | ||||||
Belong Acquisition Corp. - Class A (1) | 35,000 | 350,000 | ||||||
Berenson Acquisition Corp. I - Class A (1) | 27,004 | 271,390 | ||||||
Bilander Acquisition Corp. - Class A (1) | 30,000 | 299,100 | ||||||
BioPlus Acquisition Corp. - Class A (1) | 29,172 | 301,347 | ||||||
Black Mountain Acquisition Corp. - Class A (1) | 5,228 | 53,744 | ||||||
Blue Whale Acquisition Corp. I - Class A (1) | 40,000 | 394,800 | ||||||
Bluescape Opportunities Acquisition Corp. - Class A (1) | 40,000 | 394,400 | ||||||
Bridgetown Holdings Ltd. - Class A (1) | 28,503 | 285,030 | ||||||
Build Acquisition Corp. - Class A (1) | 19,378 | 195,912 | ||||||
Bullpen Parlay Acquisition Co. - Class A (1) | 20,164 | 209,302 | ||||||
BurTech Acquisition Corp. - Class A (1) | 26,482 | 268,792 | ||||||
BYTE Acquisition Corp. - Class A (1) | 24,786 | 250,339 | ||||||
C5 Acquisition Corp. - Class A (1) | 26,000 | 267,800 | ||||||
CF Acquisition Corp. VII - Class A (1) | 33,685 | 343,924 | ||||||
Churchill Capital Corp. VI - Class A (1) | 30,000 | 301,200 | ||||||
Churchill Capital Corp. VII - Class A (1) | 47,542 | 478,273 | ||||||
Clover Leaf Capital Corp. - Class A (1) | 2,846 | 31,164 | ||||||
Colombier Acquisition Corp. - Class A (1) | 30,000 | 301,500 | ||||||
Crescera Capital Acquisition Corp. - Class A (1) | 17,747 | 183,504 | ||||||
Crixus BH3 Acquisition Co. - Class A (1) | 11,103 | 113,251 | ||||||
DA32 Life Science Tech Acquisition Corp. - Class A (1) | 25,000 | 251,250 | ||||||
Disruptive Acquisition Corp. I - Class A (1) (2) | 11,684 | 118,709 | ||||||
Dragoneer Growth Opportunities Corp. III - Class A (1) | 51,000 | 503,880 | ||||||
Emerging Markets Horizon Corp. - Class A (1) | 30,000 | 310,350 | ||||||
EVe Mobility Acquisition Corp. - Class A (1) | 26,465 | 273,119 | ||||||
FG Merger Corp. (1) | 32,000 | 329,760 | ||||||
Finnovate Acquisition Corp. - Class A (1) | 3,540 | 36,604 | ||||||
FinServ Acquisition Corp. II - Class A (1) | 20,000 | 202,000 | ||||||
Fintech Evolution Acquisition Group (1) | 37,398 | 380,338 | ||||||
Flame Acquisition Corp. - Class A (1) | 24,848 | 251,959 | ||||||
FTAC Emerald Acquisition Corp. - Class A (1) | 30,000 | 303,300 | ||||||
FTAC Zeus Acquisition Corp. - Class A (1) | 5,132 | 52,167 | ||||||
Fusion Acquisition Corp. II - Class A (1) | 24,584 | 248,790 | ||||||
Games & Esports Experience Acquisition Corp. - Class A (1) | 23,788 | 247,871 | ||||||
Globalink Investment, Inc. (1) | 904 | 9,266 | ||||||
Goal Acquisitions Corp. (1) | 22,951 | 232,723 | ||||||
Golden Arrow Merger Corp. - Class A (1) | 10,149 | 102,099 | ||||||
Gores Holdings IX, Inc. - Class A (1) | 35,251 | 352,510 | ||||||
GX Acquisition Corp. II (1) | 24,552 | 247,975 | ||||||
Healthcare AI Acquisition Corp. - Class A (1) | 26,465 | 273,516 | ||||||
Healthwell Acquisition Corp. I - Class A (1) | 12,063 | 121,233 | ||||||
Hennessy Capital Investment Corp. VI - Class A (1) | 9,000 | 90,045 | ||||||
Ibere Pharmaceuticals - Class A (1) | 9,557 | 97,195 | ||||||
Insight Acquisition Corp. - Class A (1) | 28,191 | 286,280 | ||||||
Integral Acquisition Corp. 1 - Class A (1) | 6,601 | 67,264 | ||||||
Investcorp India Acquisition Corp. - Class A (1) | 32,000 | 332,800 | ||||||
Jackson Acquisition Co. - Class A (1) | 26,552 | 271,361 | ||||||
Jaws Hurricane Acquisition Corp. - Class A (1) | 31,300 | 314,878 | ||||||
Jupiter Acquisition Corp. - Class A (1) | 25,000 | 250,250 | ||||||
Khosla Ventures Acquisition Co. III - Class A (1) | 43,746 | 440,960 | ||||||
Khosla Ventures Acquisition Co. - Class A (1) | 20,143 | 203,444 | ||||||
Kismet Acquisition Two Corp. - Class A (1) | 9,525 | 96,869 | ||||||
KnightSwan Acquisition Corp. - Class A (1) | 30,000 | 308,550 | ||||||
Landcadia Holdings IV, Inc. - Class A (1) | 25,000 | 250,000 | ||||||
Legato Merger Corp. II (1) | 3,564 | 36,567 | ||||||
Liberty Resources Acquisition Corp. - Class A (1) | 30,000 | 312,300 | ||||||
Logistics Innovation Technologies Corp. - Class A (1) | 30,000 | 301,500 | ||||||
Marblegate Acquisition Corp. - Class A (1) | 12,001 | 120,490 | ||||||
Mason Industrial Technology, Inc. - Class A (1) | 24,700 | 247,741 | ||||||
Medicus Sciences Acquisition Corp. - Class A (1) | 6,274 | 63,556 | ||||||
Motive Capital Corp. II - Class A (1) | 29,588 | 305,348 | ||||||
Newbury Street Acquisition Corp. (1) | 24,766 | 249,641 | ||||||
Northern Star Investment Corp. II - Class A (1) | 40,000 | 399,600 | ||||||
Northern Star Investment Corp. IV - Class A (1) | 29,576 | 298,718 | ||||||
OmniLit Acquisition Corp. - Class A (1) | 24,567 | 249,355 | ||||||
Oxus Acquisition Corp. - Class A (1) | 8,000 | 82,800 | ||||||
Pearl Holdings Acquisition Corp. - Class A (1) | 26,482 | 273,294 | ||||||
Pivotal Investment Corp. III - Class A (1) | 30,000 | 299,400 | ||||||
Post Holdings Partnering Corp. - Class A (1) | 30,000 | 300,900 | ||||||
Priveterra Acquisition Corp. - Class A (1) | 24,626 | 248,969 | ||||||
PROOF Acquisition Corp. I - Class A (1) | 26,000 | 266,760 | ||||||
Redwoods Acquisition Corp. (1) | 32,000 | 326,720 | ||||||
Revelstone Capital Acquisition Corp. - Class A (1) | 26,759 | 271,604 | ||||||
Ross Acquisition Corp. II - Class A (1) | 11,581 | 117,779 | ||||||
Roth CH Acquisition V Co. (1) | 14,064 | 143,804 | ||||||
Schultze Special Purpose Acquisition Corp. II - Class A (1) | 7,924 | 80,825 | ||||||
Screaming Eagle Acquisition Corp. - Class A (1) | 46,000 | 461,380 | ||||||
Southport Acquisition Corp. - Class A (1) | 26,449 | 271,499 | ||||||
Spree Acquisition Corp 1 Ltd. - Class A (1) | 26,482 | 274,089 | ||||||
StoneBridge Acquisition Corp. - Class A (1) | 8,637 | 89,047 | ||||||
Swiftmerge Acquisition Corp. - Class A (1) | 26,658 | 272,178 | ||||||
Tailwind International Acquisition Corp. - Class A (1) | 28,842 | 292,890 | ||||||
Target Global Acquisition I Corp. - Class A (1) | 26,570 | 274,999 | ||||||
TB SA Acquisition Corp. - Class A (1) | 28,405 | 288,595 | ||||||
Tech and Energy Transition Corp. (1) | 24,573 | 248,187 | ||||||
TG Venture Acquisition Corp. - Class A (1) | 10,080 | 103,421 | ||||||
Thunder Bridge Capital Partners III, Inc. - Class A (1) | 30,000 | 299,400 | ||||||
Thunder Bridge Capital Partners IV, Inc. - Class A (1) | 2,970 | 29,819 | ||||||
TPG Pace Beneficial II Corp. (1) | 45,000 | 446,175 | ||||||
Trajectory Alpha Acquisition Corp. - Class A (1) | 2,600 | 26,338 | ||||||
Tristar Acquisition I Corp. - Class A (1) | 31,406 | 321,911 | ||||||
Twelve Seas Investment Co. II (1) | 10,164 | 102,860 | ||||||
VMG Consumer Acquisition Corp. - Class A (1) | 23,000 | 235,980 | ||||||
Warburg Pincus Capital Corp. I-B - Class A (1) | 22,015 | 223,562 | ||||||
Total Common Stocks | ||||||||
(Cost $26,121,254) | 26,841,879 | |||||||
Warrants - 0.1% | ||||||||
10X Capital Venture Acquisition Corp. III, Strike Price $11.50, Expires 06/30/2028 (1) | 2,500 | 252 | ||||||
Aetherium Acquisition Corp., Strike Price $11.50, Expires 01/21/2028 (1) | 16,400 | 444 | ||||||
Ahren Acquisition Corp., Strike Price $11.50, Expires 06/17/2028 (1) | 13,232 | 1,463 | ||||||
Andretti Acquisition Corp., Strike Price $11.50, Expires 03/23/2028 (1) | 12,500 | 886 | ||||||
Anthemis Digital Acquisitions I Corp., Strike Price $11.50, Expires 04/01/2023 (1) | 9,909 | 942 | ||||||
Anzu Special Acquisition Corp. I, Strike Price $11.50, Expires 12/31/2027 (1) | 1,730 | 68 | ||||||
AP Acquisition Corp., Strike Price $11.50, Expires 12/07/2026 (1) | 13,154 | 1,368 | ||||||
Arbor Rapha Capital Bioholdings Corp. I, Strike Price $11.50, Expires 03/14/2023 (1) | 6,782 | 718 | ||||||
Arogo Capital Acquisition Corp., Strike Price $11.50, Expires 03/23/2028 (1) | 25,000 | 1,000 | ||||||
Artemis Strategic Investment Corp., Strike Price $11.50, Expires 02/12/2023 (1) | 2,638 | 224 | ||||||
Ault Disruptive Technologies Corp., Strike Price $11.50, Expires 06/20/2028 (1) | 19,835 | 1,041 | ||||||
BioPlus Acquisition Corp., Strike Price $11.50, Expires 07/19/2028 (1) | 14,586 | 1,167 | ||||||
Black Mountain Acquisition Corp., Strike Price $11.50, Expires 10/15/2027 (1) | 3,920 | 278 | ||||||
Build Acquisition Corp., Strike Price $11.50, Expires 04/29/2023 (1) | 1,773 | 98 | ||||||
Bullpen Parlay Acquisition Co., Strike Price $11.50, Expires 12/03/2026 (1) | 10,082 | 625 | ||||||
BurTech Acquisition Corp., Strike Price $11.50, Expires 12/18/2026 (1) | 26,482 | 553 | ||||||
C5 Acquisition Corp., Strike Price $11.50, Expires 05/19/2028 (1) | 13,000 | 287 | ||||||
Canna-Global Acquisition Corp., Strike Price $11.50, Expires 02/09/2028 (1) | 3,552 | 67 | ||||||
CF Acquisition Corp. VII, Strike Price $11.50, Expires 03/15/2026 (1) | 11,228 | 1,477 | ||||||
Colombier Acquisition Corp., Strike Price $11.50, Expires 12/31/2028 (1) | 8,112 | 774 | ||||||
Crescera Capital Acquisition Corp., Strike Price $11.50, Expires 04/20/2028 (1) | 8,873 | 443 | ||||||
Crixus BH3 Acquisition Co., Strike Price $11.50, Expires 11/23/2026 (1) | 9,917 | 1,214 | ||||||
EVe Mobility Acquisition Corp., Strike Price $11.50, Expires 05/12/2028 (1) | 13,232 | 1,060 | ||||||
Finnovate Acquisition Corp., Strike Price $11.50, Expires 04/15/2023 (1) | 2,654 | 69 | ||||||
FinServ Acquisition Corp. II, Strike Price $11.50, Expires 02/17/2026 (1) | 5,000 | 131 | ||||||
Fintech Evolution Acquisition Group, Strike Price $11.50, Expires 03/31/2028 (1) | 1,736 | 52 | ||||||
FTAC Emerald Acquisition Corp., Strike Price $11.50, Expires 08/22/2028 (1) | 12,500 | 1,218 | ||||||
Fusion Acquisition Corp. II, Strike Price $11.50, Expires 12/31/2027 (1) | 1,777 | 36 | ||||||
Games & Esports Experience Acquisition Corp., Strike Price $11.50, Expires 10/21/2028 (1) | 11,894 | 357 | ||||||
Gardiner Healthcare Acquisitions Corp., Strike Price $11.50, Expires 07/30/2028 (1) | 26,000 | 2,713 | ||||||
Getaround, Inc., Strike Price $11.50, Expires 03/09/2026 (1) | 963 | 56 | ||||||
Global Partner Acquisition Corp. II, Strike Price $11.50, Expires 12/31/2027 (1) | 841 | 51 | ||||||
Golden Arrow Merger Corp., Strike Price $11.50, Expires 07/31/2026 (1) | 1,626 | 54 | ||||||
Healthcare AI Acquisition Corp., Strike Price $11.50, Expires 12/14/2026 (1) | 13,232 | 1,172 | ||||||
Investcorp India Acquisition Corp., Strike Price $11.50, Expires 06/28/2027 (1) | 16,000 | 802 | ||||||
Jackson Acquisition Co., Strike Price $11.50, Expires 12/31/2028 (1) | 13,276 | – | ||||||
KnightSwan Acquisition Corp., Strike Price $11.50, Expires 07/21/2028 (1) | 15,000 | 1,787 | ||||||
Legato Merger Corp. II, Strike Price $11.50, Expires 02/05/2023 (1) | 1,782 | 838 | ||||||
Motive Capital Corp. II, Strike Price $11.50, Expires 05/15/2028 (1) | 9,862 | 836 | ||||||
Northern Star Investment Corp. IV, Strike Price $11.50, Expires 12/31/2027 (1) | 1,686 | 59 | ||||||
OmniLit Acquisition Corp., Strike Price $11.50, Expires 11/08/2026 (1) | 750 | 64 | ||||||
Osiris Acquisition Corp., Strike Price $11.50, Expires 05/01/2028 (1) | 2,531 | 252 | ||||||
Oxus Acquisition Corp., Strike Price $11.50, Expires 08/26/2026 (1) | 8,000 | 720 | ||||||
Pearl Holdings Acquisition Corp., Strike Price $11.50, Expires 12/15/2026 (1) | 13,241 | 1,073 | ||||||
PepperLime Health Acquisition Corp., Strike Price $11.50, Expires 03/28/2023 (1) | 2,668 | 200 | ||||||
Phoenix Biotech Acquisition Corp., Strike Price $11.50, Expires 09/01/2026 (1) | 3,743 | 191 | ||||||
Priveterra Acquisition Corp., Strike Price $11.50, Expires 12/31/2027 (1) | 1,628 | 117 | ||||||
PROOF Acquisition Corp. I, Strike Price $11.50, Expires 12/03/2028 (1) | 13,000 | 554 | ||||||
Revelstone Capital Acquisition Corp., Strike Price $11.50, Expires 05/24/2028 (1) | 13,329 | 966 | ||||||
Ross Acquisition Corp. II, Strike Price $11.50, Expires 02/12/2026 (1) | 1,342 | 295 | ||||||
Roth CH Acquisition V Co., Strike Price $11.50, Expires 12/10/2026 (1) | 1,792 | 97 | ||||||
Schultze Special Purpose Acquisition Corp. II, Strike Price $11.50, Expires 03/25/2028 (1) | 2,672 | 40 | ||||||
Southport Acquisition Corp., Strike Price $11.50, Expires 05/24/2028 (1) | 13,224 | 600 | ||||||
Spree Acquisition Corp 1 Ltd., Strike Price $11.50, Expires 12/22/2028 (1) | 13,241 | 475 | ||||||
Swiftmerge Acquisition Corp., Strike Price $11.50, Expires 06/17/2028 (1) | 13,329 | 1,866 | ||||||
Target Global Acquisition I Corp., Strike Price $11.50, Expires 12/31/2027 (1) | 8,856 | 1,106 | ||||||
TB SA Acquisition Corp., Strike Price $11.50, Expires 03/25/2028 (1) | 1,572 | 47 | ||||||
Tech and Energy Transition Corp., Strike Price $11.50, Expires 12/31/2027 (1) | 1,759 | 53 | ||||||
TG Venture Acquisition Corp., Strike Price $11.50, Expires 08/13/2023 (1) | 10,080 | 756 | ||||||
Thunder Bridge Capital Partners IV, Inc., Strike Price $11.50, Expires 03/12/2023 (1) | 594 | 103 | ||||||
TLG Acquisition One Corp., Strike Price $11.50, Expires 01/25/2028 (1) | 1,630 | 130 | ||||||
Trajectory Alpha Acquisition Corp., Strike Price $11.50, Expires 12/31/2027 (1) | 1,300 | 104 | ||||||
Tristar Acquisition I Corp., Strike Price $11.50, Expires 12/31/2028 (1) | 2,664 | 78 | ||||||
Twelve Seas Investment Co. II, Strike Price $11.50, Expires 03/02/2028 (1) | 1,602 | 40 | ||||||
Total Warrants | ||||||||
(Cost $111,364) | 36,607 | |||||||
Short-Term Investments - 3.0% | ||||||||
Money Market Funds - 3.0% | ||||||||
First American Government Obligations Fund, Class X, 4.140% (3) | 833,137 | 833,137 | ||||||
Total Short-Term Investments | ||||||||
(Cost $833,137) | 833,137 | |||||||
Investments Purchased With Collateral From Securities Lending - 0.0% (4) | ||||||||
Mount Vernon Liquid Assets Portfolio, LLC, 4.530% (3) | 6,300 | 6,300 | ||||||
Total Investments Purchased With Collateral From Securities Lending | ||||||||
(Cost $6,300) | 6,300 | |||||||
Total Investments in Securities - 100.0% | ||||||||
(Cost $27,072,055) | 27,717,923 | |||||||
Liabilities in Excess of Other Assets - (0.0)% (4) | (11,889 | ) | ||||||
Total Net Assets - 100.0% | $ | 27,706,034 |
(1) | Non-income producing security. | ||||
(2) | This security or a portion of this security was out on loan as of January 31, 2023. Total loaned securities had a value of $6,093 or 0.00% (4) of net assets. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. | ||||
(3) | The rate shown is the annualized seven-day effective yield as of January 31, 2023. | ||||
(4) | Does not round to 0.1% or (0.1)%, as applicable. |
Summary of Fair Value Exposure at January 31, 2023 (Unaudited) | |||||
Robinson Alternative Yield Pre-Merger SPAC ETF (the “Fund”) utilizes various methods to measure the fair value of its investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: | |||||
• Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access. • Level 2 — Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment spreads, credit risk, yield curves, default rates and similar data. • Level 3 — Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. | |||||
The following is a summary of the inputs used to value the Fund’s investments as of January 31, 2023: |
Investments in Securities | Investments Measured at Net Asset Value | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Common Stocks | $ | – | $ | 20,510,105 | $ | 6,331,774 | $ | – | $ | 26,841,879 | |||||||||
Warrants | – | 17,492 | 19,115 | – | 36,607 | ||||||||||||||
Short-Term Investments | – | 833,137 | – | – | 833,137 | ||||||||||||||
Investments Purchased With Collateral From Securities Lending (1) | 6,300 | – | – | – | 6,300 | ||||||||||||||
Total Investments in Securities | $ | 6,300 | $ | 21,360,734 | $ | 6,350,889 | $ | – | $ | 27,717,923 | |||||||||
(1) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. |