AXS TSLA Bear Daily ETF
SCHEDULE OF INVESTMENTS
As of December 31, 2023 (Unaudited)
| Value | ||||
| Other Assets in Excess of Liabilities — 100.0% | $ | 85,071,100 | ||
| TOTAL NET ASSETS — 100.0% | $ | 85,071,100 | ||
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 | Tesla, Inc. | Pay | 4.97% (OBFR01* -35bps) | At Maturity | 7/17/2024 | $ | (59,446,460 | ) | $ | - | $ | 3,325,523 | ||||||||||
| Clear Street | Tesla, Inc. | Pay | 4.97% (OBFR01* -35bps) | At Maturity | 4/25/2024 | (30,122,460 | ) | - | (8,535,801 | ) | ||||||||||||
| TOTAL EQUITY SWAP CONTRACTS | $ | (5,210,278 | ) | |||||||||||||||||||
| * | OBFR01 - Overnight Bank Funding Rate, 5.32% as of December 31, 2023. |