Overlay Shares Foreign Equity ETF
Schedule of Investments
as of May 31, 2024 (Unaudited)
EXCHANGE TRADED FUNDS - 99.9%			Shares		Value
iShares Core MSCI EAFE ETF(a)(e)				189,297	$	14,282,459
iShares Core MSCI Emerging Markets ETF(e)				65,824		3,461,684
TOTAL EXCHANGE TRADED FUNDS (Cost $15,767,332)						17,744,143
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		4,222,008		8		640
Expiration: 06/03/2024; Exercise Price: $5,175.00(f)		4,222,008		8		200
Expiration: 06/07/2024; Exercise Price: $5,175.00(f)		4,749,759		9		3,375
Expiration: 06/14/2024; Exercise Price: $5,150.00(f)		4,222,008		8		8,920
Total Put Options						13,135
TOTAL PURCHASED OPTIONS (Cost $41,650)						13,135
SHORT-TERM INVESTMENTS - 0.1%
Money Market Funds - 0.1%			Shares
First American Government Obligations Fund - Class X, 5.24%(d)				17,275		17,275
TOTAL SHORT-TERM INVESTMENTS (Cost $17,275)						17,275
TOTAL INVESTMENTS - 100.1% (Cost $15,826,257)					$	17,774,553
Liabilities in Excess of Other Assets - (0.1)%						(18,203	)
TOTAL NET ASSETS - 100.0%					$	17,756,350
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)	The rate shown represents the 7-day effective yield as of May 31, 2024.
(e)	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 $14,956,557.
(f)	Held in connection with a written option, see Schedule of Written Options for more detail.

Overlay Shares Foreign Equity 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	$	(4,222,008	)		(8	)	$	(7,040	)
Expiration: 06/07/2024; Exercise Price: $5,275.00		(4,749,759	)		(9	)		(21,600	)
Expiration: 06/14/2024; Exercise Price: $5,200.00		(4,222,008	)		(8	)		(14,920	)
Total Put Options								(43,560	)
TOTAL WRITTEN OPTIONS (Premiums received $83,650)								(43,560	)
Percentages are stated as a percent of net assets.

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

Overlay Shares Foreign Equity ETF
	Level 1		Level 2			Level 3		Total
Assets:
Investments:
Exchange Traded Funds	$	17,744,143	$	–		$	–	$	17,744,143
Purchased Options		640		12,495			–		13,135
Money Market Funds		17,275		–			–		17,275
Total Investments	$	17,762,058	$	12,495		$	–	$	17,774,553
Liabilities:
Investments:
Written Options	$	–	$	(43,560	)	$	–	$	(43,560	)
Total Investments	$	–	$	(43,560	)	$	–	$	(43,560	)