NPORT-EX 2 axsfirstpriorityclobondetf.htm 12/31/23 PART F
AXS First Priority CLO Bond ETF
SCHEDULE OF INVESTMENTS
As of December 31, 2023 (Unaudited)

Principal
Amount
  Value
  COLLATERALIZED MORTGAGE OBLIGATIONS — 96.1%  
$350,000 AIMCO CLO Series
Series 2017-AA, 6.727%, (3-Month Term SOFR+131.16 basis points), 4/20/20341,2,3
$348,881
450,000 Allegro CLO XIV Ltd.
Series 2021-2A, 6.815%, (3-Month Term SOFR+142.16 basis points), 1,2,3
447,749
270,498 AMMC CLO XI Ltd.
Series 2012-11A, 6.662%, (3-Month Term SOFR+127.16 basis points), 4/30/20311,2,3
270,337
198,330 AMMC CLO XVIII Ltd.
Series 2016-18A, 6.741%, (3-Month Term SOFR+136.16 basis points), 5/26/20311,2,3
198,339
237,526 Bain Capital Credit CLO
Series 2018-1A, 6.634%, (3-Month Term SOFR+122.16 basis points), 4/23/20311,2,3
237,507
235,970 Barings CLO Ltd.
Series 2015-2A, 6.867%, (3-Month Term SOFR+145.16 basis points), 10/20/20301,2,3
236,248
375,000 Battalion CLO X Ltd.
Series 2016-10A, 6.830%, (3-Month Term SOFR+143.16 basis points), 1,2,3
374,272
250,000 Battalion CLO XX Ltd.
Series 2021-20A, 6.835%, (3-Month Term SOFR+144.16 basis points), 7/15/20341,2,3
248,841
450,000 BlueMountain CLO Ltd.
Series 2016-2A, 6.749%, (3-Month Term SOFR+138.16 basis points), 1,2,3
448,990
470,000 BlueMountain CLO XXIV Ltd.
Series 2019-24A, 6.777%, (3-Month Term SOFR+136.16 basis points), 1,2,3
469,159
182,842 Burnham Park CLO Ltd.
Series 2016-1A, 6.827%, (3-Month Term SOFR+141.16 basis points), 10/20/20291,2,3
182,954
250,000 CBAM Ltd.
Series 2017-2A, 6.854%, (3-Month Term SOFR+145.16 basis points), 1,2,3
249,071
353,612 Cedar Funding VII CLO Ltd.
Series 2018-7A, 6.677%, (3-Month Term SOFR+126.16 basis points), 1/20/20311,2,3
353,541
  CIFC Funding Ltd.  
290,000 Series 2021-4A, 6.705%, (3-Month Term SOFR+131.16 basis points), 7/15/20331,2,3 290,329
250,000 Series 2014-4RA, 6.834%, (3-Month Term SOFR+143.16 basis points), 1/17/20351,2,3 250,233
500,000 Eaton Vance CLO Ltd.
Series 2013-1A, 6.905%, (3-Month Term SOFR+151.16 basis points), 1,2,3
499,812
250,000 Elmwood CLO IV Ltd.
Series 2020-1A, 6.895%, (3-Month Term SOFR+150.16 basis points), 4/15/20331,2,3
250,378
361,059 Generate CLO IV Ltd.
Series 4A, 6.767%, (3-Month Term SOFR+135.16 basis points), 4/20/20321,2,3
361,007

AXS First Priority CLO Bond ETF
SCHEDULE OF INVESTMENTS - Continued
As of December 31, 2023 (Unaudited)

Principal
Amount
  Value
  COLLATERALIZED MORTGAGE OBLIGATIONS (Continued)  
$500,000 Generate CLO VIII Ltd.
Series 8A, 6.877%, (3-Month Term SOFR+146.16 basis points), 1,2,3
$499,378
302,800 LCM XVIII LP
Series 18A, 6.697%, (3-Month Term SOFR+128.16 basis points), 4/20/20311,2,3
302,773
375,000 Magnetite XII Ltd.
Series 2015-12A, 6.755%, (3-Month Term SOFR+136.16 basis points), 10/15/20311,2,3
375,352
450,000 MP CLO VIII Ltd.
Series 2015-2A, 6.852%, (3-Month Term SOFR+146.16 basis points), 1,2,3
448,767
162,231 Palmer Square CLO Ltd.
Series 2014-1A, 6.794%, (3-Month Term SOFR+139.16 basis points), 1/17/20311,2,3
162,487
250,000 Recette CLO Ltd.
Series 2015-1A, 6.757%, (3-Month Term SOFR+134.16 basis points), 4/20/20341,2,3
249,065
300,000 Rockford Tower CLO Ltd.
Series 2021-1A, 6.847%, (3-Month Term SOFR+143.16 basis points), 7/20/20341,2,3
300,380
500,000 RRX III Ltd.
Series 2021-3A, 6.975%, (3-Month Term SOFR+158.16 basis points), 1,2,3
499,828
334,610 Shackleton CLO IV Ltd.
Series 2013-4RA, 6.655%, (3-Month Term SOFR+126.16 basis points), 4/13/20311,2,3
334,310
375,000 Symphony CLO XXII Ltd.
Series 2020-22A, 6.947%, (3-Month Term SOFR+155.16 basis points), 4/18/20331,2,3
376,357
307,000 Symphony CLO XXXII Ltd.
Series 2022-32A, 6.732%, (3-Month Term SOFR+132 basis points), 1,2,3
306,083
450,000 TCW CLO Ltd.
Series 2022-1A, 6.752%, (3-Month Term SOFR+134 basis points), 1,2,3
448,093
250,000 Thompson Park CLO Ltd.
Series 2021-1A, 6.655%, (3-Month Term SOFR+126.16 basis points), 4/15/20341,2,3
249,729
186,059 TICP CLO IX Ltd.
Series 2017-9A, 6.817%, (3-Month Term SOFR+140.16 basis points), 1/20/20311,2,3
186,405
300,000 Vibrant CLO XI Ltd.
Series 2019-11A, 6.797%, (3-Month Term SOFR+138.16 basis points), 7/20/20321,2,3
299,560
  Voya CLO Ltd.  
450,000 Series 2022-3A, 7.116%, (3-Month Term SOFR+170 basis points), 1,2,3 451,874
375,000 Series 2018-3A, 6.805%, (3-Month Term SOFR+141.16 basis points), 10/15/20311,2,3 375,127

AXS First Priority CLO Bond ETF
SCHEDULE OF INVESTMENTS - Continued
As of December 31, 2023 (Unaudited)

Principal
Amount
  Value
  COLLATERALIZED MORTGAGE OBLIGATIONS (Continued)  
$375,000 Wellfleet CLO Ltd.
Series 2021-2A, 6.855%, (3-Month Term SOFR+146.16 basis points), 1,2,3
$373,662
  TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS  
  (Cost $11,901,617) 11,956,878
  TOTAL INVESTMENTS — 96.1%  
  (Cost $11,901,617) 11,956,878
  Other Assets in Excess of Liabilities — 3.9% 480,155
  TOTAL NET ASSETS — 100.0% $12,437,033
    
LP – Limited Partnership
    
1Callable.
2Floating rate security.
3Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted and may be resold in transactions exempt from registration normally to qualified institutional buyers. The total value of these securities is $11,956,878, which represents 96.1% of total net assets of the Fund.