QRAFT AI-Enhanced U.S. High Dividend ETF
Schedule of Investments		1
Summary of Investments		3
QRAFT AI-Enhanced U.S. Large Cap ETF
Schedule of Investments		4
Summary of Investments		9
QRAFT AI-Enhanced U.S. Large Cap Momentum ETF
Schedule of Investments		10
Summary of Investments		11
QRAFT AI-Enhanced U.S. Next Value ETF
Schedule of Investments		12
Summary of Investments		14
Statements of Assets and Liabilities		15
Statements of Operations		16
Statements of Changes in Net Assets		17
Financial Highlights		19
Notes to Financial Statements		21
Disclosure of Fund Expenses		29
Review of Liquidity Risk Management Program		30
Board Consideration and Approval of Advisory Agreement		31

Before investing you should carefully consider each Fund’s investment objectives, risks, charges and expenses. This and other information is available in the Funds’ prospectus, a copy of which may be obtained by visiting the Funds’ website at www.qraftaietf.com. Please read the Funds’ prospectus carefully before you invest.

There are risks involved with investing, including possible loss of principal, and there is no guarantee each Fund will achieve its investment objective. Each Fund, except for the QRAFT AI-Enhanced U.S. Large Cap ETF, is classified as a non-diversified investment company under the Investment Company Act of 1940 (the “1940 Act”). The QRAFT AI-Enhanced U.S. Large Cap ETF is classified as a diversified investment company under the 1940 Act. Concentration in a particular industry or sector will subject each Fund to loss due to adverse occurrences that may affect that industry or sector.

Individual shares of each Fund may be purchased or sold in the secondary market throughout the regular trading day on the NYSE Arca, Inc. (the “Exchange”) through a brokerage account. However, shares are not individually redeemable directly from a Fund. Each Fund issues and redeems shares on a continuous basis, at net asset value (“NAV”), only in large blocks of shares (“Creation Units”).

Distributor: Foreside Fund Services, LLC

	Number of Shares	Value
COMMON STOCKS — 99.3%
COMMUNICATION SERVICES — 1.0%
News Corp., Class A	845	$	14,255
Sirius XM Holdings, Inc.	5,194		31,372
			45,627
CONSUMER DISCRETIONARY — 26.2%
Advance Auto Parts, Inc.	86		16,333
Bath & Body Works, Inc.	337		11,249
Best Buy Co., Inc.	309		21,139
BRP, Inc.	132		8,824
Columbia Sportswear Co.	102		7,599
Crocs, Inc.*	101		7,146
Darden Restaurants, Inc.	170		24,334
Dick’s Sporting Goods, Inc.	85		9,670
Dollar Tree, Inc.*	294		46,599
DR Horton, Inc.	462		35,519
Garmin Ltd.	263		23,154
Genuine Parts Co.	189		33,616
Hasbro, Inc.	198		12,919
Home Depot, Inc. (The)	1,181		349,730
Lithia Motors, Inc., Class A	42		8,322
Lowe’s Cos., Inc.	792		154,400
Newell Brands, Inc.	636		8,783
O’Reilly Automotive, Inc.*	82		68,648
Penske Automotive Group, Inc.	110		12,278
Polaris, Inc.	92		9,347
Ross Stores, Inc.	461		44,113
Tapestry, Inc.	360		11,405
Target Corp.	592		97,236
Tempur Sealy International, Inc.	283		7,610
Tractor Supply Co.	149		32,746
Ulta Beauty, Inc.*	69		28,937
VF Corp.	543		15,340
Whirlpool Corp.	81		11,197
Williams-Sonoma, Inc.	100		12,383
Yum! Brands, Inc.	374		44,225
			1,174,801
CONSUMER STAPLES — 32.1%
Albertsons Cos., Inc., Class A	735		15,075
Altria Group, Inc.	2,314		107,069
BJ’s Wholesale Club Holdings, Inc.*	192		14,861
Casey’s General Stores, Inc.	55		12,799
Clorox Co. (The)	168		24,535
Colgate-Palmolive Co.	1,081		79,821

	Number of Shares	Value
COMMON STOCKS (Continued)
CONSUMER STAPLES (Continued)
Coty, Inc., Class A*	1,309	$	8,783
Estee Lauder Cos., Inc. (The), Class A	300		60,147
Flowers Foods, Inc.	331		9,503
Hershey Co. (The)	193		46,083
Kellogg Co.	452		34,723
Kimberly-Clark Corp.	440		54,762
Kroger Co. (The)	940		44,452
PepsiCo, Inc.	1,753		318,310
Philip Morris International, Inc.	1,977		181,587
Sysco Corp.	662		57,303
US Foods Holding Corp.*	343		10,208
Walmart, Inc.	2,513		357,675
			1,437,696
ENERGY — 3.1%
Antero Midstream Corp.	776		8,264
Enterprise Products Partners LP	2,819		71,180
Magellan Midstream Partners LP	295		15,915
MPLX LP	1,331		44,642
			140,001
FINANCIALS — 6.1%
AGNC Investment Corp., REIT	847		6,962
American Financial Group, Inc.	120		17,413
Annaly Capital Management, Inc., REIT	636		11,798
Citizens Financial Group, Inc.	672		27,485
FS KKR Capital Corp.	451		8,659
Invesco Ltd.	689		10,555
KeyCorp	1,276		22,802
Owl Rock Capital Corp.	649		7,704
Prudential Financial, Inc.	488		51,333
T Rowe Price Group, Inc.	302		32,060
Truist Financial Corp.	1,711		76,636
			273,407
HEALTH CARE — 4.2%
Cardinal Health, Inc.	368		27,931
CVS Health Corp.	1,675		158,623
			186,554
INDUSTRIALS — 7.0%
3M Co.	734		92,330
Acuity Brands, Inc.	51		9,362
AGCO Corp.	111		13,783
Donaldson Co., Inc.	187		10,743

	Number of Shares	Value
COMMON STOCKS (Continued)
INDUSTRIALS (Continued)
Fastenal Co.	760	$	36,731
Ferguson PLC	282		30,811
Fortune Brands Home & Security, Inc.	193		11,642
Landstar System, Inc.	57		8,904
Lennox International, Inc.	52		12,146
Robert Half International, Inc.	159		12,157
Snap-On, Inc.	75		16,654
UFP Industries, Inc.	100		7,123
WESCO International, Inc.*	77		10,608
WW Grainger, Inc.	67		39,151
			312,145
INFORMATION TECHNOLOGY — 15.9%
Cisco Systems, Inc.	5,270		239,416
Hewlett Packard Enterprise Co.	1,772		25,286
International Business Machines Corp.	1,154		159,587
Juniper Networks, Inc.	468		14,321
Logitech International SA	241		11,963
National Instruments Corp.	209		7,980
NetApp, Inc.	303		20,989
Seagate Technology Holdings PLC	293		14,550
Texas Instruments, Inc.	1,164		186,973
Ubiquiti, Inc.	82		28,434
			709,499
MATERIALS — 3.1%
Dow, Inc.	943		44,076
Reliance Steel & Aluminum Co.	85		17,126
Southern Copper Corp.	1,012		47,533
Steel Dynamics, Inc.	253		23,795
United States Steel Corp.	386		7,859
			140,389
REAL ESTATE — 0.4%
Omega Healthcare Investors, Inc., REIT	349		11,091
Vornado Realty Trust, REIT	310		7,313
			18,404
UTILITIES — 0.2%
NextEra Energy Partners LP	128		9,481
TOTAL COMMON STOCKS (Cost $4,324,089)			4,448,004

	Number of Shares	Value
SHORT-TERM INVESTMENTS — 0.5%
Invesco Government & Agency Portfolio – Institutional Class, 3.07%(a)	22,518	$	22,518
TOTAL SHORT TERM INVESTMENTS (Cost $22,518)			22,518
TOTAL INVESTMENTS — 99.8% (Cost $4,346,607)			4,470,522
Other Assets in Excess of Liabilities — 0.2%			10,146
TOTAL NET ASSETS — 100.0%		$	4,480,668

* Non-income producing security.

(a) The rate is the annualized seven-day yield at period end.

REIT : Real Estate Investment Trust

	Number of Shares	Value
COMMON STOCKS — 99.7%
COMMUNICATION SERVICES — 3.4%
Activision Blizzard, Inc.	65	$	4,732
Alphabet, Inc., Class A*	1,025		96,873
AT&T, Inc.	591		10,774
BCE, Inc.	171		7,712
Comcast Corp., Class A	369		11,712
Electronic Arts, Inc.	27		3,401
Meta Platforms, Inc., Class A*	190		17,700
Netflix, Inc.*	37		10,800
TELUS Corp.	261		5,452
T-Mobile US, Inc.*	103		15,611
Verizon Communications, Inc.	346		12,930
Walt Disney Co. (The)*	150		15,981
Warner Bros Discovery, Inc.*	241		3,133
			216,811
CONSUMER DISCRETIONARY — 8.9%
Airbnb, Inc., Class A*	31		3,314
Amazon.com, Inc.*	855		87,586
AutoZone, Inc.*	2		5,066
Booking Holdings, Inc.*	3		5,608
Chipotle Mexican Grill, Inc.*	3		4,495
Coupang, Inc.*	134		2,314
Dollar Tree, Inc.*	24		3,804
Ferrari NV	17		3,345
Ford Motor Co.	325		4,345
Home Depot, Inc. (The)	85		25,171
Las Vegas Sands Corp.*	76		2,889
Lowe’s Cos., Inc.	52		10,137
Lululemon Athletica, Inc.*	349		114,835
Magna International, Inc.	66		3,678
McDonald’s Corp.	60		16,360
MercadoLibre, Inc.*	3		2,705
Murphy USA, Inc.	204		64,160
NVR, Inc.*	17		72,042
O’Reilly Automotive, Inc.*	5		4,186
Pool Corp.	132		40,158
Rivian Automotive, Inc., Class A*	89		3,112
Ross Stores, Inc.	29		2,775
Starbucks Corp.	94		8,140
Stellantis NV	312		4,218
Target Corp.	38		6,242

	Number of Shares	Value
COMMON STOCKS (Continued)
CONSUMER DISCRETIONARY (Continued)
Tesla, Inc.*	262	$	59,616
TJX Cos., Inc. (The)	96		6,922
Yum! Brands, Inc.	28		3,311
			570,534
CONSUMER STAPLES — 3.9%
Altria Group, Inc.	150		6,940
Archer-Daniels-Midland Co.	45		4,364
Coca-Cola Co. (The)	359		21,486
Colgate-Palmolive Co.	69		5,095
Costco Wholesale Corp.	157		78,736
Estee Lauder Cos., Inc. (The), Class A	18		3,609
General Mills, Inc.	49		3,997
Hershey Co. (The)	15		3,582
Hormel Foods Corp.	45		2,090
Kimberly-Clark Corp.	28		3,485
Kroger Co. (The)	73		3,452
Mondelez International, Inc., Class A	115		7,070
Monster Beverage Corp.*	45		4,217
PepsiCo, Inc.	115		20,882
Philip Morris International, Inc.	129		11,849
Procter & Gamble Co. (The)	199		26,799
Sysco Corp.	42		3,636
Walgreens Boots Alliance, Inc.	86		3,139
Walmart, Inc.	227		32,309
			246,737
ENERGY — 4.6%
Canadian Natural Resources Ltd.	218		13,067
Cenovus Energy, Inc.	371		7,494
Chevron Corp.	163		29,487
ConocoPhillips	108		13,618
Coterra Energy, Inc.	1,865		58,057
Devon Energy Corp.	54		4,177
Enbridge, Inc.	381		14,840
Energy Transfer LP	308		3,933
Enterprise Products Partners LP	1,446		36,512
EOG Resources, Inc.	48		6,553
Exxon Mobil Corp.	347		38,451
Hess Corp.	31		4,374
Marathon Petroleum Corp.	45		5,113

	Number of Shares	Value
COMMON STOCKS (Continued)
ENERGY (Continued)
MPLX LP	101	$	3,388
Occidental Petroleum Corp.	78		5,663
Ovintiv, Inc.	59		2,988
Pembina Pipeline Corp.	104		3,433
Phillips 66	39		4,067
Pioneer Natural Resources Co.	20		5,128
Schlumberger NV	116		6,035
Suncor Energy, Inc.	267		9,182
TC Energy Corp.	185		8,125
Valero Energy Corp.	33		4,143
Williams Cos., Inc. (The)	121		3,960
			291,788
FINANCIALS — 18.9%
Aflac, Inc.	65		4,232
Allstate Corp. (The)	279		35,224
American Express Co.	62		9,204
American International Group, Inc.	79		4,503
Ameriprise Financial, Inc.	10		3,091
Aon PLC, Class A	202		56,861
Apollo Global Management, Inc.	58		3,211
Arthur J Gallagher & Co.	208		38,913
Bank of America Corp.	666		24,003
Bank of Montreal	122		11,234
Bank of New York Mellon Corp. (The)	80		3,369
Bank of Nova Scotia (The)	227		10,969
Berkshire Hathaway, Inc., Class B*	417		123,053
BlackRock, Inc.	73		47,151
Blackstone, Inc.	59		5,377
Brookfield Asset Management, Inc., Class A	295		11,685
Canadian Imperial Bank of Commerce	171		7,765
Capital One Financial Corp.	32		3,393
Charles Schwab Corp. (The)	150		11,950
Chubb Ltd.	35		7,521
Citigroup, Inc.	160

Security Type/Sector	Percent of Total Net Assets
Common Stocks
Communication Services	1.0	%
Consumer Discretionary	26.2	%
Consumer Staples	32.1	%
Energy	3.1	%
Financials	6.1	%
Health Care	4.2	%
Industrials	7.0	%
Information Technology	15.9	%
Materials	3.1	%
Real Estate	0.4	%
Utilities	0.2	%
Total Common Stocks	99.3	%
Short-Term Investments	0.5	%
Total Investments	99.8	%
Other Assets in Excess of Liabilities	0.2	%
Total Net Assets	100.0	%