Connetic Venture Capital Access Fund
SCHEDULE OF INVESTMENTS (Unaudited)
December 31, 2024
| Shares | Fair Value | |||||||
| COMMON STOCK - 1.3% | ||||||||
| 49,160 | Acorns (a)(b)(c) | $ | 25,686 | |||||
| 16,000 | DataRobot, Inc. (a)(b)(c) | 38,000 | ||||||
| 271,800 | MASV, Inc. (a)(b)(c) | 381,504 | ||||||
| 6,000 | Nuro, Inc. (a)(b)(c) | 33,060 | ||||||
| 39,324 | Volato Group, Inc., Class A Shares (c) | 9,634 | ||||||
| TOTAL COMMON STOCK - (Cost $513,538) | 487,884 | |||||||
| Shares | ||||||||
| PREFERRED STOCK - 28.5% | ||||||||
| 30,552 | Abre.io, Inc. (a)(b)(c) | 289,418 | ||||||
| 388,198 | Acricycle Global, Inc. (a)(b)(c) | 39 | ||||||
| 29,396 | Angler Labs (a)(b)(c) | 1 | ||||||
| 500,000 | Athlyt, Inc. (a)(b)(c) | 125,000 | ||||||
| 325,610 | Base Social Inc. - Preferred 1 (SAFE Conversion) (a)(b)(c) | 504,757 | ||||||
| 32,254 | Base Social Inc. - Series Seed-4 (a)(b)(c) | 50,000 | ||||||
| 118,441 | LaSalle Tools, Inc. dba Character (a)(b)(c) | 150,000 | ||||||
| 645,776 | Claira Technologies, Inc. - Seed Series (a)(b)(c) | 174,997 | ||||||
| 831,202 | Claira Technologies, Inc. - Pre-Seed Series (a)(b)(c) | 225,256 | ||||||
| 6,718 | Live Cyber Holdings dba Cloud Range (a)(b)(c) | 138,481 | ||||||
| 4,807 | Live Cyber Holdings, Inc (a)(b)(c) | 99,089 | ||||||
| 889 | Live Cyber Holdings, Inc - Series A (a)(b)(c) | 18,325 | ||||||
| 20,091 | Cloverleaf.me, Inc. - Seed Series (a)(b)(c) | 82,723 | ||||||
| 36,430 | Cloverleaf.me, Inc. - Series A (a)(b)(c) | 150,000 | ||||||
| 41,263 | Cloverleaf.me, Inc. - Pre-Seed Series (a)(b)(c) | 169,891 | ||||||
| 14,481 | Cloverleaf.me, Inc. - Series A Extension (a)(b)(c) | 59,663 | ||||||
| 104,675 | Colorcast, Inc. - Seed Series (a)(b)(c) | 208,952 | ||||||
| 179,109 | Colorcast, Inc. - Pre-Seed Series (a)(b)(c) | 357,538 | ||||||
| 325,131 | Eighty-Six, Inc. (a)(b)(c) | 187,666 | ||||||
| 215,238 | Elate, Inc. (a)(b)(c) | 163,129 | ||||||
| 37,866 | EVAMORE, INC. (a)(b)(c) | 356,932 | ||||||
| 141,063 | YouBet Technology, Inc. - Pre-Seed Series (a)(b)(c) | - | ||||||
| 385,353 | YouBet Technology, Inc. - Seed Series (a)(b)(c) | 10 | ||||||
| 276,304 | Fireroad Holdings Inc. (a)(b)(c) | 250,000 | ||||||
| 26,692 | Free Brands, Inc./Freedom (a)(b)(c) | 75,000 | ||||||
| 5,502 | EquityZen Growth Technology Fund (a)(b)(c) | 77,100 | ||||||
| 152,905 | Gestalt Tech Corp. (a)(b)(c) | 129,312 | ||||||
| 4,384 | Made With Love Wellness, Inc. (Good Mylk) (a)(b)(c) | 103,550 | ||||||
| 30,830 | GoSite - Series A (a)(b)(c) | - | ||||||
| 56,023 | GoSite - Seed Series (a)(b)(c) | - | ||||||
| 294,218 | DayZero, Inc. dba Haekka (a)(b)(c) | 181,481 | ||||||
| 39,453 | HANDLE (a)(b)(c) | 49,999 | ||||||
| 58,657 | UBQ AI, Corp (Harmony) (a)(b)(c) | 200,003 | ||||||
| 17,730 | Healthy Roster, Inc. (a)(b)(c) | 65,953 | ||||||
| 756,811 | Journeyfront, Inc. - Series A (a)(b)(c) | 150,000 | ||||||
| 1,020,351 | Journeyfront, Inc. - Seed Series (a)(b)(c) | 202,234 | ||||||
| 348,553 | Letterhead, Inc. - Seed Series 1 (a)(b)(c) | 220,495 | ||||||
| 428,107 | Letterhead, Inc. - Pre-Seed Series (a)(b)(c) | 270,820 | ||||||
| 316,155 | Letterhead, Inc. - Seed Series 2 (a)(b)(c) | 200,000 | ||||||
| 639,004 | MANTL, Inc. - Seed Series (a)(b)(c) | - | ||||||
| 829,663 | MANTL, Inc. - Pre-Seed Series (a)(b)(c) | - | ||||||
Connetic Venture Capital Access Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
December 31, 2024
| Shares | Fair Value | |||||||
| PREFERRED STOCK - 28.5% - Continued | ||||||||
| 135,900 | MASV, Inc. (a)(b)(c) | $ | 190,752 | |||||
| 54,391 | Narratize, Inc. - Series Seed 1 (a)(b)(c) | 75,000 | ||||||
| 124,494 | Narratize, Inc. - Series Seed 2 (a)(b)(c) | 171,665 | ||||||
| 239,435 | OpStart Growth, Inc. (a)(b)(c) | 200,000 | ||||||
| 286,533 | Ottonomy, Inc. - Seed Series (a)(b)(c) | 346,103 | ||||||
| 413,942 | Ottonomy, Inc. - Series A (a)(b)(c) | 500,001 | ||||||
| 104,395 | Out of Office, Inc. (a)(b)(c) | 200,000 | ||||||
| 1,302,669 | Passage, Inc. (a)(b)(c) | 537,613 | ||||||
| 51,411 | Energy Club Holdings (PeaTos) - Seed Series (a)(b)(c) | 2,571 | ||||||
| 200,000 | Energy Club Holdings (PeaTos) - Series A (a)(b)(c) | 10,000 | ||||||
| 115,199 | Quiver Quantitative, Inc. - Seed Series (a)(b)(c) | 199,999 | ||||||
| 177,352 | Quiver Quantitative, Inc. - Pre-Seed Series (a)(b)(c) | 307,904 | ||||||
| 53,353 | ReadySet Surgical, Inc. (a)(b)(c) | 148,500 | ||||||
| 208,014 | Resonado, Inc. - Seed Series (a)(b)(c) | 21 | ||||||
| 772,917 | Resonado, Inc. - Series A (a)(b)(c) | 77 | ||||||
| 664,297 | Science Retail, Inc. dba Science on Call (a)(b)(c) | 150,000 | ||||||
| 204,083 | SmartRIA - Seed Plus B Preferred (a)(b)(c) | 26,959 | ||||||
| 51,903 | SmartRIA - Seed Plus C Preferred (a)(b)(c) | 10,110 | ||||||
| 79,618 | SmartRIA - Series AA Investor Preferred (a)(b)(c) | 16,850 | ||||||
| 28,248 | SmartRIA - Series Seed Plus A Preferred (a)(b)(c) | 3,370 | ||||||
| 311,880 | Dr Pino Inc dba Snoots (a)(b)(c) | 267,145 | ||||||
| 413,028 | Softdrive Technologies Group Inc. (a)(b)(c) | 175,000 | ||||||
| 551 | MRC Impact, LLC (a)(b)(c) | 108,958 | ||||||
| 134,405 | TCare, Inc. - Series A (a)(b)(c) | 125,279 | ||||||
| 547,970 | TCare, Inc. - Seed Series (a)(b)(c) | 385,468 | ||||||
| 492,902 | Signal Cortex, Inc. dba TonDone (a)(b)(c) | 234,375 | ||||||
| 146,972 | TripScout, Inc. - Pre-Seed Series (a)(b)(c) | 227,255 | ||||||
| 204,673 | TripScout, Inc. - Seed Series (a)(b)(c) | 316,475 | ||||||
| 20,000 | Venture360/LIQUIFI (a)(b)(c) | 100,000 | ||||||
| 2,398 | Visible, Inc. - Pre-Seed Series (a)(b)(c) | 11,694 | ||||||
| 11,269 | Visible, Inc. - Seed Series (a)(b)(c) | 54,955 | ||||||
| 11,628 | Visible, Inc. - Bridge Series (a)(b)(c) | 56,706 | ||||||
| 248,085 | Warp World, Inc. (a)(b)(c) | 100,000 | ||||||
| TOTAL PREFERRED STOCK - (Cost $10,745,328) | 10,948,619 | |||||||
| Principal Amount ($) | ||||||||
| SIMPLE AGREEMENT FOR FUTURE EQUITY - 28.3% | ||||||||
| 200,000 | 1Fort Inc. (a)(b)(c) | $ | 200,000 | |||||
| 100,000 | 4Degrees AV Inc (Seed 1) - 02/10/2020 (a)(b)(c) | 100,000 | ||||||
| 100,000 | 4Degrees AV Inc (Seed 2) - 06/20/2023 (a)(b)(c) | 100,000 | ||||||
| 150,000 | Acricycle Global, Inc. (a)(b)(c) | 1 | ||||||
| 200,000 | Banrion Capital Management (a)(b)(c) | 100,000 | ||||||
| 100,000 | Get Bizzy, Inc. (Series A) (a)(b)(c) | 182,070 | ||||||
| 300,000 | Get Bizzy, Inc. (Seed) (a)(b)(c) | 3,565,707 | ||||||
| 200,000 | Branded Hospitality Group (a)(b)(c) | 200,000 | ||||||
| 250,000 | A&C Snacks LLC dba Brass Roots (a)(b)(c) | 10 | ||||||
| 250,000 | Ownors Technologies Inc. (a)(b)(c) | 250,000 | ||||||
| 100,000 | Campus Ink, Inc. (Pre-seed) - 08/31/2022 (a)(b)(c) | 302,571 | ||||||
| 150,000 | Campus Ink, Inc. (Seed) - 09/20/2023 (a)(b)(c) | 251,945 | ||||||
| 100,000 | Card.io, Inc. (a)(b)(c) | 100,000 | ||||||
Connetic Venture Capital Access Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
December 31, 2024
| Principal Amount ($) | Fair Value | |||||||
| SIMPLE AGREEMENT FOR FUTURE EQUITY - 28.3% - Continued | ||||||||
| 250,000 | Chezuba Corp. (a)(b)(c) | $ | 250,000 | |||||
| 100,000 | Creators and Makers, Inc. (Seed 1) -12/12/2023 (a)(b)(c) | 100,000 | ||||||
| 100,000 | Creators and Makers, Inc. (Seed 2) - 02/20/2024 (a)(b)(c) | 100,000 | ||||||
| 250,000 | Ebombo, Inc. (a)(b)(c) | 250,000 | ||||||
| 100,000 | FirstIgnite LTD (Pre-seed) - 10/27/2020 (a)(b)(c) | 417,857 | ||||||
| 150,000 | FirstIgnite LTD (Seed) - 09/02/2021 (a)(b)(c) | 192,857 | ||||||
| 50,000 | Frenter.com, Inc. (Pre-seed) - 11/23/2021 (a)(b)(c) | 5 | ||||||
| 200,000 | Frenter.com, Inc. (Seed) - 04/27/2022 (a)(b)(c) | 5 | ||||||
| 125,000 | Gooder AI, Inc. (a)(b)(c) | 125,000 | ||||||
| 250,000 | Houski, Inc. (a)(b)(c) | 250,000 | ||||||
| 150,000 | INTRVL LLC (a)(b)(c) | 150,000 | ||||||
| 250,000 | Kommu (a)(b)(c) | 250,000 | ||||||
| 200,000 | Neon Wild, Inc. (a)(b)(c) | 150,000 | ||||||
| 100,000 | The Nonsense Company, Inc. (Pre-seed 2) - 02/01/2024 (a)(b)(c) | 100,000 | ||||||
| 100,000 | The Nonsense Company, Inc. (Pre-seed 1) - 02/01/2023 (a)(b)(c) | 100,000 | ||||||
| 250,000 | Omnee Technologies Corp. (a)(b)(c) | 250,000 | ||||||
| 200,000 | PARKPAYUSA, INC (a)(b)(c) | 200,000 | ||||||
| 100,000 | Petal (a)(b)(c) | 18,765 | ||||||
| 200,000 | Cognata dba Qooper (a)(b)(c) | 200,000 | ||||||
| 75,000 | Core Supplement, LLC (Pre-seed 3) - 05/04/2023 (a)(b)(c) | 75,000 | ||||||
| 75,000 | Core Supplement, LLC (Pre-seed 2) - 12/15/2021 (a)(b)(c) | 75,000 | ||||||
| 100,000 | Core Supplement, LLC (Pre-seed 1) - 07/21/2020 (a)(b)(c) | 100,000 | ||||||
| 250,001 | Rescription, Inc. (a)(b)(c) | 187,500 | ||||||
| 100,000 | Revnest (a)(b)(c) | 100,000 | ||||||
| 200,000 | Serpa Cloud, Inc. (a)(b)(c) | 100,000 | ||||||
| 100,000 | Shadowscape, Inc. (a)(b)(c) | 75,000 | ||||||
| 592,682 | Spruce Software Inc. (a)(b)(c) | 592,682 | ||||||
| 100,000 | Stagetime, Inc. (a)(b)(c) | 100,000 | ||||||
| 200,000 | Smart Family Tech, Inc dba Support Pay (a)(b)(c) | 200,000 | ||||||
| 100,000 | ThinkRisk Inc. (a)(b)(c) | 100,000 | ||||||
| 150,000 | Whipz (a)(b)(c) | 150,000 | ||||||
| 250,000 | Worklyfe, Inc. (a)(b)(c) | 187,500 | ||||||
| TOTAL SIMPLE AGREEMENT FOR FUTURE EQUITY - (Cost $10,904,478) | 10,499,475 | |||||||
| Principal Amount ($) | Coupon Rate (%) | Maturity | Fair Value | |||||||||||
| CONVERTIBLE NOTES - 26.1% | ||||||||||||||
| 50,000 | Angler Labs (a)(b)(c) | - | ||||||||||||
| 100,000 | Cary Rx Inc. (a)(b)(c) | 3,187,757 | ||||||||||||
| 250,000 | Cary Rx Inc. (a)(b)(c) | 5,266,626 | ||||||||||||
| 100,000 | Cusa Tea, Inc. (a)(b) | 8.00 | 11/15/25 | 92,030 | ||||||||||
| 50,000 | GoSite, Inc. (a)(b) | 12.00 | 11/30/26 | 19,026 | ||||||||||
| 50,000 | Hatch Apps (a)(b) | 8.00 | 11/08/27 | 62,103 | ||||||||||
| 66,285 | Healthy Roster, Inc. (a)(b) | 8.00 | 09/23/27 | 67,723 | ||||||||||
| 100,000 | Native Agtech, Inc. (a)(b) | 8.00 | 12/22/25 | 124,219 | ||||||||||
| 100,000 | Neopenda, PBC (a)(b) | 5.00 | 06/22/25 | 72,644 | ||||||||||
| 100,000 | Energy Club Holdings (PeaTos) (a)(b) | 18.00 | 01/24/27 | 216,866 | ||||||||||
| 200,000 | Digitact, Inc. dba Scription Maintenance (a)(b)(c) | 449,005 | ||||||||||||
| 250,000 | Translator, Inc. (a)(b) | 6.00 | 03/30/25 | 228,865 | ||||||||||
| 250,000 | UnBox The Dress (a)(b) | 5.00 | 11/20/25 | 165,822 | ||||||||||
| TOTAL CONVERTIBLE NOTES - (Cost $9,655,497) | 9,952,686 | |||||||||||||
Connetic Venture Capital Access Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
December 31, 2024
| Shares | Fair Value | |||||||
| EXCHANGE-TRADED FUNDS - 12.8% | ||||||||
| 28,100 | Global X Artificial Intelligence & Technology ETF | $ | 1,085,784 | |||||
| 4,160 | iShares U.S. Technology ETF | 663,603 | ||||||
| 554 | Invesco QQQ Trust Series 1 | 283,221 | ||||||
| 15,378 | ProShares Ultra QQQ 2x Shares | 1,664,515 | ||||||
| 5,018 | The Technology Select Sector SPDR Fund | 1,166,785 | ||||||
| TOTAL EXCHANGE-TRADED FUNDS - (Cost $4,594,734) | 4,863,908 | |||||||
| Shares | ||||||||
| DERIVATIVES - 0.0% | ||||||||
| Warrants - 0.0% | ||||||||
| 12,500 | Volato Group, Inc. - Warrants (c) | 188 | ||||||
| TOTAL DERIVATIVES - (Cost $226) | 188 | |||||||
| Principal Amount ($) | Coupon Rate (%) | Fair Value | ||||||||||
| SHORT TERM INVESTMESTS - 3.3% | ||||||||||||
| Money Market Funds - 3.3% | ||||||||||||
| 1,246,979 | Goldman Sachs Financial Square Government Fund, Institutional Class (d) | 4.40 | 1,246,979 | |||||||||
| TOTAL SHORT TERM INVESTMESTS - (Cost $1,246,979) | 1,246,979 | |||||||||||
| TOTAL INVESTMENTS - 100.3% - (Cost $37,660,780) | 37,999,739 | |||||||||||
| LIABILITIES IN EXCESS OF OTHER ASSETS - (0.3%) | (106,774 | ) | ||||||||||
| NET ASSETS - 100.0% | $ | 37,892,965 | ||||||||||
| Inc. | - Incorporated |
| dba | - doing business as |
| LLC | - Limited Liability Company |
| LTD | - Limited Company |
| (a) | Restricted security |
| (b) | Level 3 securities fair valued using significant unobservable inputs |
| (c) | Non-Income Producing |
| (d) | Rate disclosed is the seven day effective yield as of December 31, 2024. |
