# EDGAR Filing Document

**Accession Number:** 0001771146
**File Stem:** 0001752724-25-160216
**Filing Date:** 2025-6
**Character Count:** 41282
**Document Hash:** b7795d87891a698847b80e4b03796a5d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-160216.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-160216

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETF Opportunities Trust
- **CENTRAL INDEX KEY:** 0001771146

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23439
- **FILM NUMBER:** 251080171

**BUSINESS ADDRESS:**
- **STREET 1:** 8370 STONY POINT PARKWAY, SUITE 205
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23235
- **BUSINESS PHONE:** 804-267-7400

**MAIL ADDRESS:**
- **STREET 1:** 8370 STONY POINT PARKWAY, SUITE 205
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23235

## Series and Classes Contracts Data

### Cultivar ETF (Series ID: S000074803)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000233014 | Cultivar ETF | CVAR            |

## Nport-Ex

**CULTIVAR CAPITAL**

**Schedule of Investments**

**April 30, 2025 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
| |  | **Shares** | **Value** |
| **85.72%** | **COMMON STOCKS** |  |  |
| **2.25%** | **COMMUNICATION SERVICES** |  |  |
|  | Comcast Corp. Class A | 5995 | $205029 |
|  | John Wiley & Sons, Inc. Class A | 6044 | 263760 |
|  | Paramount Global Class B | 15231 | 178812 |
|  | Warner Bros. Discovery, Inc.<sup>(A)</sup> | 6769 | 58687 |
|  |  |  | 706288 |
| **3.86%** | **CONSUMER DISCRETIONARY** |  |  |
|  | Advance Auto Parts | 4725 | 154602 |
|  | Alibaba Group Holdings ADR | 1026 | 122535 |
|  | Hasbro, Inc. | 5172 | 320147 |
|  | Lululemon Athletica, Inc. ADR<sup>(A)</sup> | 581 | 157317 |
|  | Monro, Inc. | 7109 | 99099 |
|  | NIKE, Inc. | 6379 | 359776 |
|  |  |  | 1213476 |
| **11.20%** | **CONSUMER STAPLES** |  |  |
|  | Archer-Daniels-Midland Co. | 1785 | 85234 |
|  | The Clorox Co. | 2086 | 296838 |
|  | Dollar General Corp. | 4337 | 406334 |
|  | General Mills, Inc. | 2617 | 148489 |
|  | The Hershey Compan | 3132 | 523639 |
|  | Hormel Foods Corp. | 12995 | 388550 |
|  | The JM Smucker Co. | 2968 | 345089 |
|  | Kimberly-Clark Corp. | 2504 | 329977 |
|  | McCormick & Co., Inc. | 6897 | 528724 |
|  | Target Corp. | 801 | 77457 |
|  | Tyson Foods, Inc. Class A | 6306 | 386179 |
|  |  |  | 3516510 |
| **4.09%** | **ENERGY** |  |  |
|  | BP plc ADR | 7562 | 207653 |
|  | Core Laboratories, Inc. ADR | 50041 | 568966 |
|  | Equinor ASA ADR | 9892 | 220493 |
|  | Halliburton Co. | 7409 | 146846 |
|  | World Kinect Corp. | 5522 | 138547 |
|  |  |  | 1282505 |

---

**CULTIVAR CAPITAL**

**Schedule of Investments**

**April 30, 2025 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares** | **Value** |
| **8.37%** | **FINANCIALS** |  |  |
|  | Global Payments, Inc. | 4717 | $359954 |
|  | Independent Bank Corp. | 3842 | 227024 |
|  | MarketAxess Holdings, Inc. | 6487 | 1437454 |
|  | PayPal Holdings, Inc.<sup>(A)</sup> | 2388 | 157226 |
|  | The Western Union Co. | 45114 | 447080 |
|  |  |  | 2628738 |
| **16.29%** | **HEALTH CARE** |  |  |
|  | Agilent Technologies, Inc. | 1457 | 156773 |
|  | Biogen, Inc.<sup>(A)</sup> | 2163 | 261896 |
|  | Bio-Techne Corp. | 2903 | 146166 |
|  | Bristol-Myers Squibb Co. | 3541 | 177758 |
|  | CVS Health Corp. | 5923 | 395123 |
|  | Edwards Lifescience Corp.<sup>(A)</sup> | 4995 | 377073 |
|  | Fresenius Medical Care AG ADR | 16505 | 418897 |
|  | Humana, Inc. | 1579 | 414077 |
|  | Illumina, Inc.<sup>(A)</sup> | 2016 | 156442 |
|  | Inogen, Inc.<sup>(A)</sup> | 18925 | 134935 |
|  | Johnson & Johnson | 2649 | 414065 |
|  | Medtronic plc ADR | 5088 | 431259 |
|  | Perrigo Co. plc ADR | 15824 | 406993 |
|  | Pfizer, Inc. | 5874 | 143384 |
|  | Regeneron Pharmaceuticals, Inc. | 261 | 156276 |
|  | Thermo Fisher Scientific, Inc. | 180 | 77220 |
|  | Veeva Systems, Inc. Class A<sup>(A)</sup> | 1363 | 318519 |
|  | Zimmer Biomet Holdings | 2250 | 231862 |
|  | Zoetis, Inc. | 1892 | 295909 |
|  |  |  | 5114627 |
| **11.31%** | **INDUSTRIALS** |  |  |
|  | 3M Co. | 1203 | 167109 |
|  | Healthcare Services Group, Inc.<sup>(A)</sup> | 60895 | 865318 |
|  | Huntington Ingalls Industries | 794 | 182890 |
|  | Paycom Software, Inc. | 2504 | 566881 |
|  | Proto Labs, Inc.<sup>(A)</sup> | 21276 | 748064 |
|  | Southwest Airlines Co. | 25524 | 713651 |
|  | Steelcase, Inc. | 11388 | 112969 |

---

**CULTIVAR CAPITAL**

**Schedule of Investments**

**April 30, 2025 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  | **INDUSTRIALS Continued** | **Shares** | **Value** |
|  | UPS, Inc. Class B | 2017 | $192220 |
|  |  |  | 3549102 |
| **9.21%** | **INFORMATION TECHNOLOGY** |  |  |
|  | Adobe, Inc.<sup>(A)</sup> | 830 | 311233 |
|  | Cognex Corp. | 9127 | 249167 |
|  | Cognizant Tech Solutions | 2081 | 153099 |
|  | Dassault Systemes S.A. ADR | 9767 | 366067 |
|  | Intel Corp.<sup>(A)</sup> | 22038 | 442964 |
|  | Microchip Technology, Inc. | 3984 | 183583 |
|  | Nice Systems Ltd. ADR<sup>(A)</sup> | 887 | 138243 |
|  | Qorvo, Inc.<sup>(A)</sup> | 7381 | 528996 |
|  | Skyworks Solutions, Inc. | 3347 | 215145 |
|  | STMicroelectronics NV ADR | 6601 | 149909 |
|  | Teradyne, Inc. | 2077 | 154134 |
|  |  |  | 2892540 |
| **9.96%** | **MATERIALS** |  |  |
|  | Albemarle Corp. | 2080 | 121784 |
|  | Barrick Gold Corp. ADR | 20094 | 382590 |
|  | First Majestic Silver Corp. ADR | 61596 | 385591 |
|  | FMC Corp. | 9093 | 381179 |
|  | Newmont Goldcorp Corp. | 25429 | 1339600 |
|  | Nutrien Ltd. ADR | 5141 | 293294 |
|  | Sociedad Quimica y Minera de Chile SA ADR | 6548 | 223942 |
|  |  |  | 3127980 |
| **4.54%** | **REAL ESTATE** |  |  |
|  | Alexandria Real Estate Equities, Inc. REIT | 5292 | 384517 |
|  | Crown Castle, Inc. REIT | 1770 | 187195 |
|  | Douglas Emmett, Inc. REIT | 19965 | 276116 |
|  | Empire State Realty Trust REIT | 16499 | 117473 |
|  | Kilroy Realty Corp. REIT | 5533 | 174345 |
|  | LTC Properties, Inc. REIT | 4463 | 160088 |
|  | Piedmont Office Realty Trust, Inc. REIT<sup>(A)</sup> | 21398 | 126462 |
|  |  |  | 1426196 |

---

**CULTIVAR CAPITAL**

**Schedule of Investments**

**April 30, 2025 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares** | **Value** |
| **4.64%** | **UTILITIES** |  |  |
|  | Eversource Energy | 8059 | $479349 |
|  | Northwest Natural Holding Co. | 15882 | 684514 |
|  | Portland General Electric | 6976 | 293829 |
|  |  |  | 1457692 |
| **85.72%** | **TOTAL COMMON STOCKS** |  | 26915654 |
| **7.06%** | **DEBT SECURITIES** |  |  |
| **7.06%** | **TREASURIES** |  |  |
|  | US Treasury 5/15/2052 2.875% | 2253000 | 1605505 |
|  | US Treasury 05/15/2054 4.625% | 620000 | 611402 |
| **7.06%** | **TOTAL TREASURIES** |  | 2216907 |
| **7.06%** | **TOTAL DEBT SECURITIES** |  | 2216907 |
| **3.04%** | **Short-Term Investments** |  |  |
|  | US Treasury Bill 05/01/2025 0.01%<sup>(B)</sup> | 954000 | 953888 |
| **95.83%** | **TOTAL INVESTMENTS** |  | 30086449 |
| **4.17%** | Other assets, net of liabilities |  | 1310656 |
| **100.00%** | **NET ASSETS** |  | $**31397105** |

---

<sup>(A)</sup> Non-income producing

<sup>(B)</sup> Zero coupon security. The rate shown is the yield-to-maturity on the date of April 30, 2025

ADR - Security represented is held by the custodian in the form of American Depositary Receipts.

REIT - Real Estate Investment Trust.

**See Notes to Schedule of Investments.**

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 April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | Level 1 | Level 2 | Level 3 | |
| |<br>Quoted Prices | Other<br>Significant<br>Observable Inputs | Significant<br>Unobservable<br>Inputs |<br>Total |
| COMMON STOCKS | $26915654 | $— | $— | $26915654 |
| DEBT SECURITIES |  | 2216907 |  | 2216907 |
| SHORT-TERM INVESTMENTS | 953888 |  |  | 953888 |
| TOTAL INVESTMENTS | $27869542 | $2216907 | $— | $30086449 |

---

The cost of investments for Federal income tax purposes has been estimated a/o April 30, 2025 since the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purpose is $31,617,636, and the related net unrealized appreciation (depreciation) consists of:

---

| | |
|:---|:---|
| Gross unrealized appreciation | $1513168 |
| Gross unrealized depreciation | (3044355) |
| Net unrealized appreciation | $(1531187) |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ETF Opportunities Trust

- **b. Investment Company Act file number:** 811-23439

- **c. CIK number of Registrant:** 0001771146

- **d. LEI of Registrant:** 549300FWST5041130Z58

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 8730 Stony Point Parkway

  - **City:** Richmond

  - **State:** VA

  - **Foreign country:** US

  - **Zip / Postal Code:** 23235

  - **Telephone number:** 804-267-7400

**Item A.2. Information about the Series.**

- **a. Name of Series:** Cultivar ETF

- **b. EDGAR series identifier (if any):** S000074803

- **c. LEI of Series:** 5493004PE30ULXCQI638

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $31807531.84

**Total Liabilities:** $410427.33

**Net Assets:** $31397104.51

**Cash Not Reported:** $1318374.83

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233014 | 0.17%                | 1.02%                | -2.94%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $98606.98                | $-70926.05                                 |
| Month 2  | $-127191.02              | $371859.40                                 |
| Month 3  | $-189498.29              | $-760665.07                                |

### Schedule of Portfolio Investments

| Name                                       | Title                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PARAMOUNT GLOBAL                           | Paramount Global                      | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |     15231 | NS      | $178811.94    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Limited              | ALIBABA GROUP HOLDING ADR             | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             |  | CORP              | KY        |      1026 | NS      | $122535.18    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| MCCORMICK & COMPANY, INCORPORATED          | MCCORMICK CO INC                      | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |      6897 | NS      | $528724.02    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| WORLD KINECT CORPORATION                   | WORLD KINECT CORP                     | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |      5522 | NS      | $138546.98    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHWEST AIRLINES CO.                     | SOUTHWEST AIRLINES CO                 | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |     25524 | NS      | $713651.04    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ILLUMINA, INC.                             | ILLUMINA INC                          | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |      2016 | NS      | $156441.60    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCOM SOFTWARE, INC.                      | PAYCOM SOFTWARE INC                   | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |      2504 | NS      | $566880.56    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HERSHEY COMPANY                        | HERSHEY CO THE                        | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      3132 | NS      | $523639.08    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M COMPANY                                 | 3M CO                                 | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      1203 | NS      | $167108.73    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CORE LABORATORIES INC.                     | CORE LABORATORIES INC                 | CUSIP: 21867A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50041 | NS      | $568966.17    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| AGILENT TECHNOLOGIES, INC.                 | AGILENT TECHNOLOGIES INC              | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |      1457 | NS      | $156773.20    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR GENERAL CORPORATION                 | DOLLAR GENERAL CORP                   | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      4337 | NS      | $406333.53    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd.                               | NUTRIEN LTD                           | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |      5141 | NS      | $293294.05    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| DASSAULT SYSTEMES SE                       | DASSAULT SYSTEMES SE                  | CUSIP: 237545108<br>LEI: 96950065LBWY0APQIM86 | Long             |  | CORP              | FR        |      9767 | NS      | $366067.16    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROCHIP TECHNOLOGY INCORPORATED          | MICROCHIP TECHNOLOGY INC              | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |      3984 | NS      | $183582.72    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Proto Labs, Inc.                           | PROTO LABS INC                        | CUSIP: 743713109<br>LEI: 529900QHG5MGWT2WQQ09 | Long             | EC               | CORP              | US        |     21276 | NS      | $748064.16    | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS, INC.               | ZIMMER BIOMET HOLDINGS INC            | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |      2250 | NS      | $231862.50    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Sociedad Quimica y Minera de Chile S.A.    | SOCIEDAD QUIMICA Y MINERA DE CHILE SA | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             |  | CORP              | CL        |      6548 | NS      | $223941.60    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| MARKETAXESS HOLDINGS INC.                  | MARKETAXESS HOLDINGS INC              | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |      6487 | NS      | $1437454.33   | 4.58%             |  |  |  | No            |                  1 | On Loan: No      |
| HALLIBURTON COMPANY                        | HALLIBURTON CO                        | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |      7409 | NS      | $146846.38    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| THE J. M. SMUCKER COMPANY                  | J M SMUCKER CO                        | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |      2968 | NS      | $345089.36    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius Medical Care AG                  | FRESENIUS MEDICAL CARE AG CO KGAA     | CUSIP: 358029106<br>LEI: 549300CP8NY40UP89Q40 | Long             |  | CORP              | DE        |     16505 | NS      | $418896.90    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON INGALLS INDUSTRIES, INC.        | HUNTINGTON INGALLS INDUSTRIES INC     | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |       794 | NS      | $182889.96    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| KILROY REALTY CORPORATION                  | KILROY REALTY CORP                    | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |      5533 | NS      | $174344.83    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| LULULEMON ATHLETICA INC.                   | LULULEMON ATHLETICA INC               | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |       581 | NS      | $157317.37    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| STEELCASE INC.                             | STEELCASE INC                         | CUSIP: 858155203<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | EC               | CORP              | US        |     11388 | NS      | $112968.96    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| WARNER BROS. DISCOVERY, INC.               | WARNER BROS DISCOVERY INC             | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |      6769 | NS      | $58687.23     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                   | UNITED STATES TREASURY NOTE BOND      | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2253000 | PA      | $1605505.49   | 5.11%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BIOGEN INC.                                | BIOGEN INC                            | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |      2163 | NS      | $261896.04    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| TERADYNE, INC.                             | TERADYNE INC                          | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |      2077 | NS      | $154134.17    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| EDWARDS LIFESCIENCES CORPORATION           | EDWARDS LIFESCIENCES CORP             | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |      4995 | NS      | $377072.55    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                          | JOHNSON JOHNSON                       | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      2649 | NS      | $414065.19    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC.                                 | ADOBE INC                             | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       830 | NS      | $311233.40    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST MAJESTIC SILVER CORP.                | FIRST MAJESTIC SILVER CORP            | CUSIP: 32076V103<br>LEI: 529900PWCU5DUH1DYR51 | Long             | EC               | CORP              | CA        |     61596 | NS      | $385590.96    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INCORPORATED      | THERMO FISHER SCIENTIFIC INC          | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       180 | NS      | $77220.00     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBEMARLE CORPORATION                      | ALBEMARLE CORP                        | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |      2080 | NS      | $121784.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MILLS, INC.                        | GENERAL MILLS INC                     | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |      2617 | NS      | $148488.58    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                          | EVERSOURCE ENERGY                     | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |      8059 | NS      | $479349.32    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| INDEPENDENT BANK CORP.                     | INDEPENDENT BANK CORP                 | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |      3842 | NS      | $227023.78    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| EMPIRE STATE REALTY TRUST, INC.            | EMPIRE STATE REALTY TRUST INC         | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |     16499 | NS      | $117472.88    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCE AUTO PARTS, INC.                   | ADVANCE AUTO PARTS                    | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |      4725 | NS      | $154602.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENERON PHARMACEUTICALS, INC.            | REGENERON PHARMACEUTICALS INC         | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       261 | NS      | $156276.36    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                        | COMCAST CORP CLASS A                  | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      5995 | NS      | $205029.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC CORPORATION                            | FMC CORP                              | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |      9093 | NS      | $381178.56    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BP P.L.C.                                  | BP PLC                                | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             |  | CORP              | GB        |      7562 | NS      | $207652.52    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHN WILEY & SONS, INC.                    | JOHN WILEY SONS INC                   | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |      6044 | NS      | $263760.16    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC.                                | PFIZER INC                            | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      5874 | NS      | $143384.34    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| COGNEX CORPORATION                         | COGNEX CORP                           | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |      9127 | NS      | $249167.10    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYPAL HOLDINGS, INC.                      | PAYPAL HOLDINGS INC                   | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      2388 | NS      | $157225.92    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN CASTLE INC.                          | CROWN CASTLE INC                      | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |      1770 | NS      | $187195.20    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MONRO, INC.                                | MONRO INC                             | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7109 | NS      | $99099.46     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOETIS INC.                                | ZOETIS INC                            | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      1892 | NS      | $295908.80    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| TYSON FOODS, INCORPORATED                  | TYSON FOODS INC CLASS A               | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |      6306 | NS      | $386179.44    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PUBLIC LIMITED COMPANY           | MEDTRONIC PLC                         | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      5088 | NS      | $431258.88    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE AURIFERE BARRICK                   | BARRICK GOLD CORP                     | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     20094 | NS      | $382589.76    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHER-DANIELS-MIDLAND COMPANY.            | ARCHER DANIELS MIDLAND CO             | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |      1785 | NS      | $85233.75     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| HORMEL FOODS CORPORATION                   | HORMEL FOODS CORP                     | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |     12995 | NS      | $388550.50    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORPORATION                     | CVS HEALTH CORP                       | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      5923 | NS      | $395123.33    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| VEEVA SYSTEMS INC.                         | VEEVA SYSTEMS INC                     | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      1363 | NS      | $318519.47    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHCARE SERVICES GROUP, INC.            | HEALTHCARE SERVICES GROUP INC         | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |     60895 | NS      | $865317.95    | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Inogen Inc                                 | INOGEN INC                            | CUSIP: 45780L104<br>LEI: 549300J8WJIVTOJ8IH97 | Long             | EC               | CORP              | US        |     18925 | NS      | $134935.25    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY-CLARK CORPORATION                 | KIMBERLY CLARK CORP                   | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      2504 | NS      | $329977.12    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE, INC.                                 | NIKE INC CL B                         | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      6379 | NS      | $359775.60    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHWEST NATURAL HOLDING COMPANY          | NORTHWEST NATURAL HOLDING CO          | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |     15882 | NS      | $684514.20    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PIEDMONT OFFICE REALTY TRUST, INC.         | PIEDMONT OFFICE REALTY TRUST INC      | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21398 | NS      | $126462.18    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro, Inc.                               | HASBRO INC                            | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |      5172 | NS      | $320146.80    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics N.V.                    | STMICROELECTRONICS NV                 | CUSIP: 861012102<br>LEI: 213800Z8NOHIKRI42W10 | Long             |  | CORP              | NL        |      6601 | NS      | $149908.71    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| DOUGLAS EMMETT, INC.                       | DOUGLAS EMMETT INC                    | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19965 | NS      | $276115.95    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                    | BRISTOL MYERS SQUIBB CO               | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      3541 | NS      | $177758.20    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION | COGNIZANT TECHNOLOGY SOLUTIONS CORP   | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      2081 | NS      | $153099.17    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| PORTLAND GENERAL ELECTRIC COMPANY          | PORTLAND GENERAL ELECTRIC CO          | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |      6976 | NS      | $293829.12    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CLOROX COMPANY                         | CLOROX CO THE                         | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |      2086 | NS      | $296837.80    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINOR ASA                                | EQUINOR ASA                           | CUSIP: 29446M102<br>LEI: OW6OFBNCKXC4US5C7523 | Long             |  | CORP              | NO        |      9892 | NS      | $220492.68    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMONT CORPORATION                        | NEWMONT CORP                          | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     25429 | NS      | $1339599.72   | 4.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BIO-TECHNE CORPORATION                     | BIO TECHNE CORP                       | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |      2903 | NS      | $146166.05    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEL CORPORATION                          | INTEL CORP                            | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     22038 | NS      | $442963.80    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PAYMENTS INC.                       | GLOBAL PAYMENTS INC                   | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |      4717 | NS      | $359954.27    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NICE LTD                                   | NICE LTD                              | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             |  | CORP              | IL        |       887 | NS      | $138243.39    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC.                                | HUMANA INC                            | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      1579 | NS      | $414076.96    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC PROPERTIES, INC.                       | LTC PROPERTIES INC                    | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |      4463 | NS      | $160087.81    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ALEXANDRIA REAL ESTATE EQUITIES, INC.      | ALEXANDRIA REAL ESTATE EQUITIES INC   | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |      5292 | NS      | $384516.72    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                   | U S TREASURY BOND                     | CUSIP: 912810UA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    620000 | PA      | $611402.04    | 1.95%             | 2054-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE, INC.                | UNITED PARCEL SERVICE INC CLASS B     | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      2017 | NS      | $192220.10    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYWORKS SOLUTIONS, INC.                   | SKYWORKS SOLUTIONS INC                | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |      3347 | NS      | $215145.16    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WESTERN UNION COMPANY                  | WESTERN UNION COMPANY                 | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |     45114 | NS      | $447079.74    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                   | UNITED STATES TREASURY BILL           | CUSIP: 912797ND5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    954000 | PA      | $953888.02    | 3.04%             | 2025-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TARGET CORPORATION                         | TARGET CORP                           | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |       801 | NS      | $77456.70     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| QORVO, INC.                                | QORVO INC                             | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |      7381 | NS      | $528996.27    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| PERRIGO COMPANY PUBLIC LIMITED COMPANY     | PERRIGO CO PLC                        | CUSIP: G97822103<br>LEI: 549300IFOQS6R1QLY196 | Long             | EC               | CORP              | IE        |     15824 | NS      | $406993.28    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** ETF Opportunities Trust

**Signature:** Karen Shupe

**Name of Signer:** Karen Shupe

**Title:** Treasurer