Robinson Alternative Yield Pre-Merger SPAC ETF | ||||||||
SCHEDULE OF INVESTMENTS at July 31, 2023 (Unaudited) | ||||||||
Shares | Value | |||||||
Common Stocks - 87.0% (1) | ||||||||
Special Purpose Acquisition Companies (SPACs) - 87.0% | ||||||||
10X Capital Venture Acquisition Corp III - Class A | 5,103 | $ | 53,633 | |||||
Acropolis Infrastructure Acquisition Corp. - Class A | 50,000 | 508,000 | ||||||
Aequi Acquisition Corp. - Class A | 3,952 | 40,468 | ||||||
AltC Acquisition Corp. - Class A | 4,183 | 43,210 | ||||||
AltEnergy Acquisition Corp. - Class A | 15,612 | 162,521 | ||||||
Andretti Acquisition Corp. - Class A | 12,385 | 132,148 | ||||||
Anzu Special Acquisition Corp I - Class A | 50,000 | 515,500 | ||||||
AP Acquisition Corp. - Class A | 13,849 | 149,846 | ||||||
Atlantic Coastal Acquisition Corp II - Class A | 49,919 | 520,905 | ||||||
Atlantic Coastal Acquisition Corp. - Class A | 45,000 | 465,300 | ||||||
AxonPrime Infrastructure Acquisition Corp. - Class A | 10,100 | 104,232 | ||||||
Banyan Acquisition Corp. - Class A | 31,460 | 329,915 | ||||||
Belong Acquisition Corp. - Class A | 35,000 | 358,050 | ||||||
Berenson Acquisition Corp I - Class A | 28,092 | 288,505 | ||||||
Blue Whale Acquisition Corp I - Class A | 25,157 | 255,092 | ||||||
Bluescape Opportunities Acquisition Corp. - Class A | 39,340 | 394,580 | ||||||
Bridgetown Holdings Ltd. - Class A | 25,351 | 261,115 | ||||||
BurTech Acquisition Corp. - Class A | 50,000 | 524,000 | ||||||
Cartica Acquisition Corp. - Class A | 45,177 | 482,039 | ||||||
CF Acquisition Corp IV - Class A | 1,854 | 19,374 | ||||||
Chain Bridge I - Class A | 93 | 979 | ||||||
Churchill Capital Corp V - Class A | 43,698 | 447,468 | ||||||
Clover Leaf Capital Corp. - Class A | 5,018 | 58,058 | ||||||
Concord Acquisition Corp III - Class A | 43,802 | 459,921 | ||||||
Conyers Park III Acquisition Corp. - Class A | 7,690 | 78,822 | ||||||
Crixus BH3 Acquisition Co. - Class A | 7,783 | 81,099 | ||||||
Crown PropTech Acquisitions - Class A | 60,000 | 619,800 | ||||||
DA32 Life Science Tech Acquisition Corp. - Class A | 24,555 | 253,162 | ||||||
DHC Acquisition Corp. - Class A | 26,059 | 268,668 | ||||||
dMY Squared Technology Group, Inc. | 35,701 | 370,930 | ||||||
ESH Acquisition Corp. - Class A | 30,000 | 302,100 | ||||||
EVe Mobility Acquisition Corp. - Class A | 53,963 | 570,929 | ||||||
ExcelFin Acquisition Corp. - Class A | 50,000 | 522,500 | ||||||
FG Merger Corp. | 19,265 | 204,594 | ||||||
FinServ Acquisition Corp II - Class A | 8,900 | 91,492 | ||||||
Forest Road Acquisition Corp II - Class A (2) | 50,000 | 510,500 | ||||||
Four Leaf Acquisition Corp. | 8,415 | 86,927 | ||||||
FTAC Emerald Acquisition Corp. - Class A | 44,434 | 463,002 | ||||||
FTAC Zeus Acquisition Corp. - Class A | 31,404 | 328,486 | ||||||
Future Health ESG Corp. | 4,475 | 46,182 | ||||||
Gores Holdings IX, Inc. - Class A | 50,000 | 514,000 | ||||||
Healthwell Acquisition Corp I - Class A | 44,078 | 452,240 | ||||||
Hennessy Capital Investment Corp VI - Class A | 6,266 | 64,414 | ||||||
Hudson Acquisition I Corp. | 6,628 | 69,859 | ||||||
Inception Growth Acquisition Ltd. | 40,000 | 416,000 | ||||||
Investcorp India Acquisition Corp. - Class A | 19,328 | 206,810 | ||||||
Jaws Mustang Acquisition Corp. - Class A | 10,675 | 113,262 | ||||||
Juniper II Corp. - Class A | 60,000 | 622,800 | ||||||
Jupiter Acquisition Corp. - Class A | 25,026 | 256,016 | ||||||
KnightSwan Acquisition Corp. - Class A | 42,730 | 443,965 | ||||||
LAMF Global Ventures Corp I | 37,983 | 399,961 | ||||||
Landcadia Holdings IV, Inc. - Class A | 40,000 | 408,800 | ||||||
Live Oak Crestview Climate Acquisition Corp. - Class A | 3 | 31 | ||||||
M3-Brigade Acquisition II Corp. - Class A | 60,000 | 614,400 | ||||||
Northern Star Investment Corp II - Class A | 40,000 | 406,800 | ||||||
Northern Star Investment Corp IV - Class A | 61,304 | 640,621 | ||||||
OmniLit Acquisition Corp. - Class A | 24,104 | 256,467 | ||||||
Osiris Acquisition Corp. - Class A | 1,650 | 16,533 | ||||||
Pearl Holdings Acquisition Corp. - Class A | 16,829 | 178,051 | ||||||
PepperLime Health Acquisition Corp. - Class A | 41,976 | 447,464 | ||||||
Pivotal Investment Corp III - Class A | 22,232 | 227,656 | ||||||
PowerUp Acquisition Corp. | 3,235 | 33,967 | ||||||
Prospector Capital Corp. - Class A | 50,000 | 526,500 | ||||||
RMG Acquisition Corp III - Class A (2) | 40,000 | 418,800 | ||||||
Roth CH Acquisition V Co. | 41,046 | 433,035 | ||||||
Screaming Eagle Acquisition Corp. - Class A | 29,547 | 306,402 | ||||||
Seaport Global Acquisition II Corp. - Class A | 1,200 | 12,672 | ||||||
Semper Paratus Acquisition Corp. | 1,003 | 10,742 | ||||||
SilverBox Corp III | 34,065 | 345,249 | ||||||
Southport Acquisition Corp. - Class A | 3,113 | 32,904 | ||||||
Thunder Bridge Capital Partners III, Inc. - Class A | 44,857 | 462,476 | ||||||
Trailblazer Merger Corp I | 34,734 | 355,676 | ||||||
Tristar Acquisition I Corp. - Class A | 16,951 | 178,833 | ||||||
Twelve Seas Investment Co II | 8,480 | 87,853 | ||||||
Vector Acquisition Corp II | 19,117 | 198,052 | ||||||
Total Common Stocks | ||||||||
(Cost $21,027,903) | 21,533,363 | |||||||
Rights - 0.0% (1) (3) | ||||||||
Special Purpose Acquisition Companies (SPACs) - 0.0% (3) | ||||||||
ESH Acquisition Corp., Strike Price $10.00, Expiration 12/13/2024 (2) | 30,000 | 4,500 | ||||||
Total Rights | ||||||||
(Cost $4,739) | 4,500 | |||||||
Units | ||||||||
Units - 1.8% (1) | ||||||||
Special Purpose Acquisition Companies (SPACs) - 1.8% | ||||||||
Alchemy Investments Acquisition Corp 1 | 2,000 | 20,500 | ||||||
Haymaker Acquisition Corp 4 | 10,000 | 101,400 | ||||||
Inflection Point Acquisition Corp II | 10,000 | 102,250 | ||||||
TMT Acquisition Corp. | 20,000 | 212,000 | ||||||
Total Units | ||||||||
(Cost $420,000) | 436,150 | |||||||
Shares | ||||||||
Warrants - 0.1% (1) | ||||||||
10X Capital Venture Acquisition Corp III, Strike Price $11.50, Expires 06/30/2028 | 1,352 | 41 | ||||||
AEON Biopharma, Inc., Strike Price $11.50, Expires 12/31/2027 | 1,353 | 257 | ||||||
Aetherium Acquisition Corp., Strike Price $11.50, Expires 01/21/2028 | 10,414 | 272 | ||||||
Andretti Acquisition Corp., Strike Price $11.50, Expires 03/23/2028 | 9,097 | 2,083 | ||||||
Anzu Special Acquisition Corp I, Strike Price $11.50, Expires 12/31/2027 | 1,504 | 60 | ||||||
AP Acquisition Corp., Strike Price $11.50, Expires 12/07/2026 | 8,236 | 473 | ||||||
Arogo Capital Acquisition Corp., Strike Price $11.50, Expires 03/23/2028 | 13,804 | 739 | ||||||
Artemis Strategic Investment Corp., Strike Price $11.50, Expires 12/31/2027 | 1,875 | 77 | ||||||
Ault Disruptive Technologies Corp., Strike Price $11.50, Expires 06/20/2028 | 12,707 | 1,169 | ||||||
BioPlus Acquisition Corp., Strike Price $11.50, Expires 07/19/2028 | 9,125 | 1,323 | ||||||
Black Mountain Acquisition Corp., Strike Price $11.50, Expires 10/15/2027 | 2,275 | 114 | ||||||
BurTech Acquisition Corp., Strike Price $11.50, Expires 12/18/2026 | 17,802 | 349 | ||||||
C5 Acquisition Corp., Strike Price $11.50, Expires 05/19/2028 | 7,417 | 297 | ||||||
Canna-Global Acquisition Corp., Strike Price $11.50, Expires 02/09/2028 | 2,621 | 82 | ||||||
CF Acquisition Corp VII, Strike Price $11.50, Expires 03/15/2026 | 6,696 | 670 | ||||||
Crixus BH3 Acquisition Co., Strike Price $11.50, Expires 11/23/2026 | 7,013 | 169 | ||||||
EVe Mobility Acquisition Corp., Strike Price $11.50, Expires 12/31/2028 | 9,031 | 632 | ||||||
Finnovate Acquisition Corp., Strike Price $11.50, Expires 09/30/2026 | 1,599 | 49 | ||||||
FinServ Acquisition Corp II, Strike Price $11.50, Expires 02/17/2026 | 3,184 | 120 | ||||||
FTAC Emerald Acquisition Corp., Strike Price $11.50, Expires 08/22/2028 | 6,120 | 326 | ||||||
Fusion Acquisition Corp II, Strike Price $11.50, Expires 12/31/2027 | 1,744 | 3 | ||||||
Gardiner Healthcare Acquisitions Corp., Strike Price $11.50, Expires 07/30/2028 | 14,671 | 880 | ||||||
Getaround, Inc., Strike Price $11.50, Expires 03/09/2026 | 945 | 16 | ||||||
Global Partner Acquisition Corp II, Strike Price $11.50, Expires 12/31/2027 | 826 | 28 | ||||||
Golden Arrow Merger Corp., Strike Price $11.50, Expires 07/31/2026 | 1,344 | 92 | ||||||
Healthcare AI Acquisition Corp., Strike Price $11.50, Expires 12/14/2026 | 8,583 | 356 | ||||||
Investcorp India Acquisition Corp., Strike Price $11.50, Expires 06/28/2027 | 11,867 | 831 | ||||||
KnightSwan Acquisition Corp., Strike Price $11.50, Expires 07/21/2028 | 12,352 | 865 | ||||||
Northern Star Investment Corp IV, Strike Price $11.50, Expires 12/31/2027 | 1,130 | 77 | ||||||
OmniLit Acquisition Corp., Strike Price $11.50, Expires 11/08/2026 | 736 | 41 | ||||||
Osiris Acquisition Corp., Strike Price $11.50, Expires 05/01/2028 | 1,469 | 118 | ||||||
Oxus Acquisition Corp., Strike Price $11.50, Expires 08/26/2026 | 5,803 | 570 | ||||||
Pearl Holdings Acquisition Corp., Strike Price $11.50, Expires 12/15/2026 | 10,168 | 915 | ||||||
PepperLime Health Acquisition Corp., Strike Price $11.50, Expires 10/01/2026 | 1,942 | 60 | ||||||
Phoenix Biotech Acquisition Corp., Strike Price $11.50, Expires 09/01/2026 | 2,401 | 186 | ||||||
PROOF Acquisition Corp I, Strike Price $11.50, Expires 12/03/2028 | 9,590 | 984 | ||||||
Revelstone Capital Acquisition Corp., Strike Price $11.50, Expires 05/24/2028 | 10,028 | 913 | ||||||
Roth CH Acquisition V Co., Strike Price $11.50, Expires 12/10/2026 | 1,153 | 96 | ||||||
Schultze Special Purpose Acquisition Corp II, Strike Price $11.50, Expires 03/25/2028 | 1,716 | 77 | ||||||
Southport Acquisition Corp., Strike Price $11.50, Expires 05/24/2028 | 10,001 | 724 | ||||||
Spree Acquisition Corp 1 Ltd., Strike Price $11.50, Expires 12/22/2028 | 6,937 | 212 | ||||||
Swiftmerge Acquisition Corp., Strike Price $11.50, Expires 06/17/2028 | 8,804 | 830 | ||||||
Target Global Acquisition I Corp., Strike Price $11.50, Expires 12/31/2027 | 5,556 | 271 | ||||||
TG Venture Acquisition Corp., Strike Price $11.50, Expires 08/13/2023 | 6,369 | 143 | ||||||
Thunder Bridge Capital Partners IV, Inc., Strike Price $11.50, Expires 04/30/2028 | 300 | 50 | ||||||
TLG Acquisition One Corp., Strike Price $11.50, Expires 01/25/2028 | 1,388 | 167 | ||||||
Tristar Acquisition I Corp., Strike Price $11.50, Expires 12/31/2028 | 1,761 | 119 | ||||||
Twelve Seas Investment Co II, Strike Price $11.50, Expires 03/02/2028 | 1,032 | 64 | ||||||
Zalatoris Acquisition Corp., Strike Price $11.50, Expires 12/31/2027 | 749 | 135 | ||||||
Total Warrants | ||||||||
(Cost $59,020) | 19,125 | |||||||
Short-Term Investments - 11.1% | ||||||||
Money Market Funds - 11.1% | ||||||||
First American Government Obligations Fund, Class X, 5.175% (4) | 2,744,779 | 2,744,779 | ||||||
Total Short-Term Investments | ||||||||
(Cost $2,744,779) | 2,744,779 | |||||||
Investments Purchased With Collateral From Securities Lending - 0.2% | ||||||||
Mount Vernon Liquid Assets Portfolio, LLC, 5.440% (4) (5) | 60,675 | 60,675 | ||||||
Total Investments Purchased With Collateral From Securities Lending | ||||||||
(Cost $60,675) | 60,675 | |||||||
Total Investments in Securities - 100.2% | ||||||||
(Cost $24,317,116) | 24,798,592 | |||||||
Liabilities in Excess of Other Assets - (0.2)% | (57,725 | ) | ||||||
Total Net Assets - 100.0% | $ | 24,740,867 |
(1) | Non-income producing security. | |
(2) | This security or a portion of this security was out on loan as of July 31, 2023. Total loaned securities had a value of $17,900 or 0.07% of net assets. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. | |
(3) | Does not round to 0.1% or (0.1)%, as applicable. | |
(4) | The rate shown is the annualized seven-day effective yield as of July 31, 2023. | |
(5) | Privately offered liquidity fund. |
Summary of Fair Value Exposure at July 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 July 31, 2023: |
Investments in Securities | Investments Measured at Net Asset Value | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Common Stocks | $ | – | $ | 18,416,160 | $ | 3,117,203 | $ | – | $ | 21,533,363 | |||||||||
Rights | – | 4,500 | – | – | 4,500 | ||||||||||||||
Units | – | 121,900 | 314,250 | – | 436,150 | ||||||||||||||
Warrants | – | 11,981 | 7,144 | – | 19,125 | ||||||||||||||
Short-Term Investments | – | 2,744,779 | – | – | 2,744,779 | ||||||||||||||
Investments Purchased With Collateral From Securities Lending (1) | 60,675 | – | – | – | 60,675 | ||||||||||||||
Total Investments in Securities | $ | 60,675 | $ | 21,299,320 | $ | 3,438,597 | $ | – | $ | 24,798,592 | |||||||||
(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. |