NPORT-EX 2 lmdtf_soi.htm

 

T-REX 2X Long MSTR Daily Target EF Fund

Schedule of Investments

November 30, 2024 (unaudited)

 

 

       Shares     Value  
 13.17%  COMMON STOCK             
                   
 13.17%  INFORMATION TECHNOLOGY             
     Microstrategy Inc.   1,000,000   $ 387,470,000  
                   
 13.17%  TOTAL COMMON STOCK         387,470,000  
                   
 13.17%  TOTAL INVESTMENTS         387,470,000  
                   
 86.83%  Other assets net of liabilities         2,554,866,583  
 100.00%  NET ASSETS       $ 2,942,336,583  

 

(A) Non-income producing

 

SHORT INVESTMENTS

 

 32.31%  OPTIONS PURCHASED                            
     Description   Number of Contracts    Notional Amount    Exercise Price   Expiration Date      Value  
 32.31%  CALL                            
     Microstrategy Inc.   3,000    46,492,410    105   01/17/2025    $ 39,129,000  
     Microstrategy Inc.   8,576    122,923,839    185   01/17/2025      103,023,488  
     Microstrategy Inc.   11,400    87,785,928    95   01/03/2025      106,225,200  
     Microstrategy Inc.   10,000    147,168,100    93   12/27/2024      115,550,000  
     Microstrategy Inc.   7,000    57,523,830    64   12/20/2024      54,635,000  
     Microstrategy Inc.   1,701    16,090,031    250   12/06/2024      1,746,927  
     Microstrategy Inc.   5,055    1,218,967,765    98   12/20/2024      86,946,000  
     Microstrategy Inc.   6,500    179,270,195    350   12/13/2024      108,797,000  
     Microstrategy Inc.   6,445    135,015,995    160   12/13/2024      101,702,100  
     Microstrategy Inc.   5,055    100,151,682    134   12/27/2024      80,652,525  
     Microstrategy Inc.   8,369    81,361,354    67   12/06/2024      77,053,383  
     Microstrategy Inc.   9,500    59,113,180    99   12/06/2024      50,017,500  
     Microstrategy Inc.   1,795    19,261,158    117   12/20/2024      6,542,775  
     Microstrategy Inc.   5,606    70,745,702    117   12/20/2024      18,667,980  
                              950,688,878  
                                  
 32.31%  TOTAL OPTIONS PURCHASED                        950,688,878  

 

T-REX 2X Long MSTR Daily Target EF Fund

Schedule of Investments

November 30, 2024 (unaudited)

 

 

SWAP CONTRACTS

EQUITY SWAP CONTRACTS              

 

   Reference  Pay/Receive                Unrealized 
   Entity/  Equity on  Financing Pay/Receive Termination     Notional   Appreciation 
Counterparty  Obligation  Reference Entity  Rate Frequency Date Contracts   Amount   (Depreciation) 
Clear Street Derivatives LLC  Clear Street Derivatives LLC  Equity Receiver  X.XX% (OBFR01)(b)
20.58%		  Quarterly  10/20/2026  77,310,000   $(608,528,436)  $571,525,367 
Cantor Fitzgerald Secured  Cantor Fitzgerald Secured  Equity Receiver  254.58%  Monthly  10/17/2025  173,653,553   $(907,174,365)  $663,498,242 
Marex Prime Services  Marex Prime Services  Equity Receiver  14.58%  Monthly  11/3/2025  171,423,947   $(194,222,143)  $18,341,174 
TOTAL EQUITY SWAP CONTRACTS              422,387,500   $(1,709,924,944)  $1,253,364,783 

 

(a) Includes cash which is being held as collateral for total return swap contracts.

(b) OBFR01 - Overnight Bank Funding Rate, 4.58% as of November 30, 2024.

 

In accordance with U.S. GAAP, “fair value” is defined as the price that a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. Various inputs are used in determining the value of a Fund’s investments. U.S. GAAP established a three-tier hierarchy of inputs to establish a classification of fair value measurements for disclosure purposes. 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, credit risk, etc.). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining fair value of investments).

 

 

 

 

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

 

The following summarizes the inputs used to value the Fund’s investments as of July 31, 2024:

 

   Level 1   Level 2   Level 3       
       Other   Significant       
       Significant   Unobservable       
   Quoted Prices   Observable Inputs   Inputs   Total  
COMMON STOCK  $387,470,000           $ 387,470,000  
TOTAL INVESTMENTS  $387,470,000           $ 387,470,000  
OPTIONS PURCHASED       $950,688,878      $ 950,688,878  
TOTAL RETURN SWAP CONTRACTS       $1,253,364,783      $ 1,253,364,783  

 

The cost of investments for Federal income tax purposes has been estimated a/o November 30, 2024 since the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purpose is $1,598,542,579, and the related net unrealized appreciation (depreciation) consists of:

 

Gross unrealized appreciation  $33,727,600 
Gross unrealized depreciation   (294,111,301)
Net unrealized appreciation  $(260,383,701)