Overlay Shares Municipal Bond ETF
Schedule of Investments
as of May 31, 2024 (Unaudited)
EXCHANGE TRADED FUNDS - 99.9%			Shares		Value
iShares National Muni Bond ETF(a)(f)				211,605	$	22,375,112
TOTAL EXCHANGE TRADED FUNDS (Cost $23,479,404)						22,375,112
PURCHASED OPTIONS - 0.1%(b)(c)	Notional Amount		Contracts		Value
Put Options - 0.1%					$	–
S&P 500 Index				–	$	–
Expiration: 06/03/2024; Exercise Price: $5,220.00		4,749,759		9		720
Expiration: 06/03/2024; Exercise Price: $5,175.00(g)		4,749,759		9		225
Expiration: 06/07/2024; Exercise Price: $5,175.00(g)		5,277,510		10		3,750
Expiration: 06/14/2024; Exercise Price: $5,150.00(g)		4,749,759		9		10,035
Total Put Options						14,730
TOTAL PURCHASED OPTIONS (Cost $46,661)						14,730
SHORT-TERM INVESTMENTS - 0.0%(d)
Money Market Funds - 0.0%(d)			Shares
First American Government Obligations Fund - Class X, 5.24%(e)				7,211		7,211
TOTAL SHORT-TERM INVESTMENTS (Cost $7,211)						7,211
TOTAL INVESTMENTS - 100.0% (Cost $23,533,276)					$	22,397,053
Other Assets in Excess of Liabilities - 0.0%(d)						642
TOTAL NET ASSETS - 100.0%					$	22,397,695
Percentages are stated as a percent of net assets.

(a)	Fair value of this security exceeds 25% of the Fund’s net assets.  Additional information for this security, including the financial statements, is available from the SEC’s EDGAR database at www.sec.gov.
(b)	Exchange-traded.
(c)	100 shares per contract.
(d)	Represents less than 0.05% of net assets.
(e)	The rate shown represents the 7-day effective yield as of May 31, 2024.
(f)	All or a portion of the security is segregated as collateral for written options. The value of the security segregated as collateral for written options is $14,022,499.
(g)	Held in connection with a written option, see Schedule of Written Options for more detail.

Overlay Shares Municipal Bond ETF
Schedule of Written Options
as of May 31, 2024 (Unaudited)
WRITTEN OPTIONS - (0.2)% (a)(b)	Notional Amount			Contracts			Value
Put Options - (0.2)%
S&P 500 Index		0			0			–
Expiration: 06/03/2024; Exercise Price: $5,275.00	$	(4,749,759	)		(9	)	$	(7,920	)
Expiration: 06/07/2024; Exercise Price: $5,275.00		(5,277,510	)		(10	)		(24,000	)
Expiration: 06/14/2024; Exercise Price: $5,200.00		(4,749,759	)		(9	)		(16,785	)
Total Put Options								(48,705	)
TOTAL WRITTEN OPTIONS (Premiums received $93,558)								(48,705	)
Percentages are stated as a percent of net assets.

(a)	Exchange-traded.
(b)	100 shares per contract.

Overlay Shares Municipal Bond ETF
	Level 1		Level 2			Level 3		Total
Assets:
Investments:
Exchange Traded Funds	$	22,375,112	$	–		$	–	$	22,375,112
Purchased Options		720		14,010			–		14,730
Money Market Funds		7,211		–			–		7,211
Total Investments	$	22,383,043	$	14,010		$	–	$	22,397,053
Liabilities:
Investments:
Written Options	$	–	$	(48,705	)	$	–	$	(48,705	)
Total Investments	$	–	$	(48,705	)	$	–	$	(48,705	)