AXS Short Innovation Daily ETF

SCHEDULE OF INVESTMENTS

As of December 31, 2022 (Unaudited)

	Value
Other Assets in Excess of Liabilities — 100.0%	$	257,782,181
TOTAL NET ASSETS — 100.0%	$	257,782,181

SWAP CONTRACTS

EQUITY SWAP CONTRACTS

Counterparty

Description

Pay/Receive Equity on Reference Entity

Financing Rate

Pay/Receive Frequency

Termination Date

Notional Amount

Premium Paid (Received)

Unrealized Appreciation (Depreciation)

Cowen

Ark Innovation ETF

Pay

2.42% (OBFR01* -190bps)

At Maturity

8/8/2023

$

(284,404,451

)

$

-

$

26,750,310

TOTAL EQUITY SWAP CONTRACTS

$

26,750,310

^* OBFR01 - Overnight Bank Funding Rate, 4.32% as of December 31, 2022.