NPORT-EX 2 alexis.htm

Alexis Practical Tactical ETF
  
Schedule of Investments
  
February 29, 2024 (Unaudited)
  
   
EXCHANGE TRADED FUNDS - 75.8%(d)
Shares
  
Value
  
Communication Services Select Sector SPDR Fund
    
5,017
    
$
398,149
  
Financial Select Sector SPDR Fund
    
10,035
      
404,812
  
Industrial Select Sector SPDR Fund
    
6,464
      
782,144
  
Invesco QQQ Trust Series 1
    
12,047
      
5,288,632
  
Invesco S&P 500 Equal Weight ETF
    
28,906
      
4,705,608
  
iShares Cohen & Steers REIT ETF
    
50,042
      
2,863,904
  
iShares Global 100 ETF
    
47,286
      
4,077,472
  
iShares MSCI EAFE ETF
    
60,724
      
4,690,929
  
iShares MSCI USA Momentum Factor ETF
    
15,717
      
2,863,795
  
iShares S&P Mid-Cap 400 Value ETF
    
39,368
      
4,426,932
  
SPDR Dow Jones Industrial Average ETF Trust
    
12,310
      
4,800,284
  
SPDR Gold Shares(a)
    
19,517
      
3,694,763
  
SPDR S&P Homebuilders ETF
    
8,848
      
911,963
  
SPDR S&P MidCap 400 ETF Trust
    
8,224
      
4,342,272
  
VanEck Semiconductor ETF
    
8,903
      
1,886,991
  
Vanguard Dividend Appreciation ETF
    
26,686
      
4,760,249
  
Vanguard FTSE Europe ETF
    
62,563
      
4,080,359
  
Vanguard Health Care ETF
    
3,000
      
796,230
  
Xtrackers MSCI EAFE Hedged Equity ETF
    
100,907
      
3,967,663
  
TOTAL EXCHANGE TRADED FUNDS (Cost $51,353,220)
      
59,743,151
  
                 
COMMON STOCKS - 9.6%
Shares
  
Value
  
Communications - 0.5%
          
Alphabet, Inc. - Class A(a)
    
2,920
      
404,303
  
                 
Consumer Discretionary - 2.2%
          
The Home Depot, Inc.
    
2,072
      
788,624
  
Marriott International, Inc. - Class A
    
2,294
      
573,202
  
TJX Cos., Inc.
    
3,882
      
384,861
  
Caterpillar, Inc.
            
1,746,687
  
                 
Industrials - 0.9%
          
Caterpillar, Inc.
    
2,168
      
724,025
  
                 
Technology - 6.0%
          
Advanced Micro Devices, Inc.(a)
    
3,708
      
713,901
  
Apple, Inc.
    
6,375
      
1,152,281
  
Applied Materials, Inc.
    
6,653
      
1,341,379
  
Microsoft Corp.
    
1,848
      
764,407
  
Visa, Inc. - Class A
    
2,564
      
724,689
  
             
4,696,657
  
TOTAL COMMON STOCKS (Cost $5,476,495)
      
7,571,672
  
                 
SHORT-TERM INVESTMENTS – 14.1%
                
Deposit Accounts – 5.4%
                
U.S. Bank Money Market Deposit Account - 5.20%(b)
    
4,245,176
      
4,245,176
  
Total Deposit Accounts (Cost $4,245,176)
            
4,245,176
  
                 
U.S. Treasury Bills - 8.7%(c)
                
04/18/2024, 5.43%
    
2,000,000
      
1,985,940
  
06/13/2024, 5.40%
    
2,000,000
      
1,969,869
  
09/05/2024, 5.19%
    
1,500,000
      
1,460,873
  
11/29/2024, 5.11%
    
1,500,000
      
1,444,339
  
Total U.S. Treasury Bills (Cost $6,867,742)
      
6,861,021
  
TOTAL SHORT-TERM INVESTMENTS (Cost $11,112,918)
      
11,106,197
  
                 
TOTAL INVESTMENTS - 99.5% (Cost $67,942,633)
    
$
78,421,020
  
Other Assets in Excess of Liabilities – 0.5%
      
354,773
  
TOTAL NET ASSETS - 100.0%
          
$
78,775,793
  
                 
Percentages are stated as a percent of net assets.
          

(a)
Non-income producing security.
(b)
The rate shown is the seven-day yield.
(c)
The rate shown is the effective yield based upon purchase price.
(d)
To the extent the Fund invests more heavily in particular sectors or asset classes, its performance will be especially sensitive to developments that significantly affect those sectors or asset classes.
Fair Value Measurements

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.

The Fund did not hold any investments during the period with significant unobservable inputs which would be classified as Level 3.

The following is a summary of the inputs used to value the Fund's investments carried at fair value as of February 29, 2024:

Alexis Practical Tactical ETF
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
  Exchange Traded Funds
  
$
59,743,151
    
$
–
    
$
–
    
$
59,743,151
  
  Common Stocks
    
7,571,672
      
–
      
–
      
7,571,672
  
  Deposit Accounts
    
4,245,176
      
–
      
–
      
4,245,176
  
  U.S. Treasury Bills
    
–
      
6,861,021
      
–
      
6,861,021
  
Total Assets
  
$
71,599,999
    
$
6,861,021
    
$
–
    
$
78,421,020
  
                                 
   
Refer to the Schedule of Investments for industry classifications.