Cabana Target Drawdown 5 ETF
Schedule of Investments		1
Summary of Investments		2
Cabana Target Drawdown 7 ETF
Schedule of Investments		3
Summary of Investments		4
Cabana Target Drawdown 10 ETF
Schedule of Investments		5
Summary of Investments		6
Cabana Target Drawdown 13 ETF
Schedule of Investments		7
Summary of Investments		8
Cabana Target Drawdown 16 ETF
Schedule of Investments		9
Summary of Investments		10
Cabana Target Leading Sector Aggressive ETF
Schedule of Investments		11
Summary of Investments		12
Cabana Target Leading Sector Conservative ETF
Schedule of Investments		13
Summary of Investments		14
Cabana Target Leading Sector Moderate ETF
Schedule of Investments		15
Summary of Investments		16
Statements of Assets and Liabilities		17
Statements of Operations		19
Statements of Changes in Net Assets		21
Financial Highlights		25
Notes to Financial Statements		29
Disclosure of Fund Expenses		38
Review of Liquidity Risk Management Program		40
Board Consideration of Approval of Advisory and Sub-Advisory Agreements		41

Before investing you should carefully consider each Fund’s investment objectives, risks, charges and expenses. This and other information is available in each Fund’s prospectus, a copy of which may be obtained by visiting the Funds’ website at www.cabanaetfs.com. Please read a Fund’s 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 is classified as a diversified investment company under the Investment Company Act of 1940 (the “1940 Act”) except for the Cabana Target Leading Sector Aggressive ETF, Cabana Target Leading Sector Conservative ETF and Cabana Target Leading Moderate ETF, each of which may invest more of its assets in securities of a single issuer, and may have an adverse effect on a Fund’s performance. 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
EXCHANGE-TRADED FUNDS — 100.0%
CURRENCY — 10.0%
WisdomTree Bloomberg U.S. Dollar Bullish Fund	123,606	$	3,197,687
EQUITY — 51.0%
Invesco QQQ Trust Series 1	8,670		3,347,574
Vanguard Communication Services ETF	21,718		3,079,178
Vanguard Consumer Discretionary ETF	9,797		3,319,321
Vanguard Health Care ETF	12,520		3,235,794
Vanguard S&P 500 ETF	7,837		3,308,468
			16,290,335
FIXED INCOME — 39.0%
Vanguard Intermediate-Term Bond ETF	34,843		3,095,452
Vanguard Long-Term Bond ETF	30,299		3,146,551
Vanguard Tax-Exempt Bond Index ETF	56,704		3,101,142
Vanguard Total Bond Market ETF	36,529		3,118,846
			12,461,991
TOTAL EXCHANGE-TRADED FUNDS (Cost $31,473,138)			31,950,013

SHORT-TERM INVESTMENTS — 0.1%
Invesco Government & Agency Portfolio — Institutional Class, 0.03%(a)	28,318		28,318
TOTAL SHORT TERM INVESTMENTS (Cost $28,318)			28,318
TOTAL INVESTMENTS — 100.1% (Cost $31,501,456)			31,978,331
Liabilities in Excess of Other Assets — (0.1%)			(15,622	)
TOTAL NET ASSETS — 100.0%		$	31,962,709

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

Security Type/Sector	Percent of Total Net Assets
Exchange-Traded Funds
Currency	10.0	%
Equity	51.0	%
Fixed Income	39.0	%
Total Exchange-Traded Funds	100.0	%
Short-Term Investments	0.1	%
Total Investments	100.1	%
Liabilities in Excess of Other Assets	(0.1	)%
Total Net Assets	100.0	%

	Number of Shares	Value
EXCHANGE-TRADED FUNDS — 99.8%
EQUITY — 60.9%
Invesco QQQ Trust Series 1	75,484	$	29,145,127
Vanguard Communication Services ETF	189,133		26,815,277
Vanguard Extended Market ETF	145,559		28,002,640
Vanguard Health Care ETF	109,024		28,177,253
Vanguard Information Technology ETF	67,278		29,209,417
Vanguard S&P 500 ETF	68,231		28,804,399
			170,154,113
FIXED INCOME — 38.9%
Global X US Preferred ETF	1,050,149		27,272,369
Vanguard Intermediate-Term Bond ETF	303,440		26,957,610
Vanguard Long-Term Bond ETF	263,865		27,402,380
Vanguard Total Bond Market ETF	318,113		27,160,488
			108,792,847
TOTAL EXCHANGE-TRADED FUNDS (Cost $273,212,269)			278,946,960

SHORT-TERM INVESTMENTS — 0.3%
Invesco Government & Agency Portfolio — Institutional Class, 0.03%(a)	821,613		821,613
TOTAL SHORT TERM INVESTMENTS (Cost $821,613)			821,613
TOTAL INVESTMENTS — 100.1% (Cost $274,033,882)			279,768,573
Liabilities in Excess of Other Assets — (0.1%)			(136,510	)
TOTAL NET ASSETS — 100.0%		$	279,632,063

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

Security Type/Sector	Percent of Total Net Assets
Exchange-Traded Funds
Equity	60.9	%
Fixed Income	38.9	%
Total Exchange-Traded Funds	99.8	%
Short-Term Investments	0.3	%
Total Investments	100.1	%
Liabilities in Excess of Other Assets	(0.1	)%
Total Net Assets	100.0	%

	Number of Shares	Value
EXCHANGE-TRADED FUNDS — 99.8%
EQUITY — 70.8%
Invesco QQQ Trust Series 1	226,218	$	87,345,032
Vanguard Communication Services ETF	566,786		80,358,919
Vanguard Consumer Discretionary ETF	255,611		86,603,563
Vanguard Extended Market ETF	436,200		83,916,156
Vanguard Information Technology ETF	201,596		87,524,919
Vanguard S&P 500 ETF	204,469		86,318,633
Vanguard Total Stock Market ETF	362,655		85,916,596
			597,983,818
FIXED INCOME — 29.0%
Global X US Preferred ETF	3,147,183		81,732,343
Vanguard Intermediate-Term Bond ETF	909,371		80,788,520
Vanguard Long-Term Bond ETF	790,771		82,121,568
			244,642,431
TOTAL EXCHANGE-TRADED FUNDS (Cost $809,586,738)			842,626,249

SHORT-TERM INVESTMENTS — 0.3%
Invesco Government & Agency Portfolio – Institutional Class, 0.03%(a)	2,353,110		2,353,110
TOTAL SHORT TERM INVESTMENTS (Cost $2,353,110)			2,353,110
TOTAL INVESTMENTS — 100.1% (Cost $811,939,848)			844,979,359
Liabilities in Excess of Other Assets — (0.1%)			(404,956	)
TOTAL NET ASSETS — 100.0%		$	844,574,403

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

Security Type/Sector	Percent of Total Net Assets
Exchange-Traded Funds
Equity	70.8	%
Fixed Income	29.0	%
Total Exchange-Traded Funds	99.8	%
Short-Term Investments	0.3	%
Total Investments	100.1	%
Liabilities in Excess of Other Assets	(0.1	)%
Total Net Assets	100.0	%

	Number of Shares	Value
EXCHANGE-TRADED FUNDS — 99.8%
EQUITY — 90.2%
Invesco QQQ Trust Series 1	79,724	$	30,782,234
Vanguard Communication Services ETF	199,773		28,323,816
Vanguard Consumer Discretionary ETF	90,081		30,520,344
Vanguard Extended Market ETF	153,751		29,578,617
Vanguard Financials ETF	317,764		31,665,183
Vanguard Health Care ETF	115,143		29,758,708
Vanguard Information Technology ETF	71,057		30,850,107
Vanguard Mid-Cap ETF	120,810		30,487,612
Vanguard S&P 500 ETF	72,053		30,417,894
			272,384,515
FIXED INCOME — 9.6%
Vanguard Long-Term Bond ETF	278,699		28,942,891
TOTAL EXCHANGE-TRADED FUNDS (Cost $286,543,012)			301,327,406

SHORT-TERM INVESTMENTS — 0.2%
Invesco Government & Agency Portfolio – Institutional Class, 0.03%(a)	659,884		659,884
TOTAL SHORT TERM INVESTMENTS (Cost $659,884)			659,884
TOTAL INVESTMENTS — 100.0% (Cost $287,202,896)			301,987,290
Liabilities in Excess of Other Assets — (0.0)%			(146,080	)
TOTAL NET ASSETS — 100.0%		$	301,841,210

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

Security Type/Sector	Percent of Total Net Assets
Exchange-Traded Funds
Equity	90.2	%
Fixed Income	9.6	%
Total Exchange-Traded Funds	99.8	%
Short-Term Investments	0.2	%
Total Investments	100.0	%
Liabilities in Excess of Other Assets	(0.0	)%
Total Net Assets	100.0	%

	Number of Shares	Value
EXCHANGE-TRADED FUNDS — 99.8%
EQUITY — 99.8%
Invesco QQQ Trust Series 1	43,725	$	16,882,660
Vanguard Communication Services ETF	109,576		15,535,685
Vanguard Consumer Discretionary ETF	49,414		16,741,957
Vanguard Extended Market ETF	84,331		16,223,598
Vanguard Industrials ETF	80,158		16,083,703
Vanguard Information Technology ETF	38,976		16,921,820
Vanguard Mid-Cap ETF	66,265		16,722,636
Vanguard S&P 500 ETF	39,521		16,684,185
Vanguard Small-Cap ETF	70,542		16,188,684
Vanguard Total Stock Market ETF	70,118		16,611,655
			164,596,583
TOTAL EXCHANGE-TRADED FUNDS (Cost $156,886,654)			164,596,583

SHORT-TERM INVESTMENTS — 0.2%
Invesco Government & Agency Portfolio – Institutional Class, 0.03%(a)	332,677		332,677
TOTAL SHORT TERM INVESTMENTS (Cost $332,677)			332,677
TOTAL INVESTMENTS — 100.0% (Cost $157,219,331)			164,929,260
Liabilities in Excess of Other Assets — (0.0)%			(70,569	)
TOTAL NET ASSETS — 100.0%		$	164,858,691

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

Security Type/Sector	Percent of Total Net Assets
Exchange-Traded Funds
Equity	99.8	%
Total Exchange-Traded Funds	99.8	%
Short-Term Investments	0.2	%
Total Investments	100.0	%
Liabilities in Excess of Other Assets	(0.0	)%
Total Net Assets	100.0	%

	Number of Shares	Value
EXCHANGE-TRADED FUNDS — 99.9%
EQUITY — 99.9%
Invesco QQQ Trust Series 1	183,490	$	70,847,324
Vanguard Communication Services ETF	178,770		25,346,011
Vanguard Consumer Discretionary ETF	288,430		97,722,968
			193,916,303
TOTAL EXCHANGE-TRADED FUNDS (Cost $184,428,445)			193,916,303

SHORT-TERM INVESTMENTS — 0.2%
Invesco Government & Agency Portfolio – Institutional Class, 0.03%(a)	359,313		359,313
TOTAL SHORT TERM INVESTMENTS (Cost $359,313)			359,313
TOTAL INVESTMENTS — 100.1% (Cost $184,787,758)			194,275,616
Liabilities in Excess of Other Assets — (0.1%)			(86,673	)
TOTAL NET ASSETS — 100.0%		$	194,188,943

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

Security Type/Sector	Percent of Total Net Assets
Exchange-Traded Funds
Equity	99.9	%
Total Exchange-Traded Funds	99.9	%
Short-Term Investments	0.2	%
Total Investments	100.1	%
Liabilities in Excess of Other Assets	(0.1	)%
Total Net Assets	100.0	%

	Number of Shares	Value
EXCHANGE-TRADED FUNDS — 99.8%
CURRENCY — 11.9%
WisdomTree Bloomberg U.S. Dollar Bullish Fund(a)	858,188	$	22,201,324
EQUITY — 64.7%
Invesco QQQ Trust Series 1	121,472		46,901,554
SPDR Dow Jones Industrial Average ETF Trust	10,577		3,788,999
Vanguard Communication Services ETF	330,252		46,823,128
Vanguard Health Care ETF	58,200		15,041,790
Vanguard S&P 500 ETF	18,333		7,739,459
			120,294,930
FIXED INCOME — 23.2%
Vanguard Long-Term Bond ETF	346,803		36,015,491
Vanguard Short-Term Bond ETF	44,133		3,594,191
Vanguard Total Bond Market ETF	42,068		3,591,766
			43,201,448
TOTAL EXCHANGE-TRADED FUNDS (Cost $182,379,594)			185,697,702

SHORT-TERM INVESTMENTS — 0.2%
Invesco Government & Agency Portfolio – Institutional Class, 0.03%(b)	327,597		327,597
TOTAL SHORT TERM INVESTMENTS (Cost $327,597)			327,597
TOTAL INVESTMENTS — 100.0% (Cost $182,707,191)			186,025,299
Other Assets in Excess of Liabilities — (0.0)%			43,177
TOTAL NET ASSETS — 100.0%		$	186,068,476

(a) Affiliated issuer.

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

Other Affiliated Issuers

An affiliated company is a company in which the Fund has ownership of at least 5% of the voting securities. Fiscal period to date transactions with companies which are or were affiliates are as follows:

Affiliate		Value at beginning of the period			Purchases Cost			Sales Proceeds				Net Realized Gain/(Loss)			Net Change in Unrealized Appreciation/ (Depreciation)			Value at the end of the period			Number of Shares at the end of the period		Dividend Income			Capital Gain Distributions
WisdomTree Bloomberg U.S. Dollar Bullish Fund		$	—		$	22,446,601		$	(454,810	)		$	6,319		$	203,214		$	22,201,324		858,188		$	—		$	—

Security Type/Sector	Percent of Total Net Assets
Exchange-Traded Funds
Currency	11.9	%
Equity	64.7	%
Fixed Income	23.2	%
Total Exchange-Traded Funds	99.8	%
Short-Term Investments	0.2	%
Total Investments	100.0	%
Other Assets in Excess of Liabilities	0.0	%
Total Net Assets	100.0	%