# EDGAR Filing Document

**Accession Number:** 0001771146
**File Stem:** 0000894189-25-015889
**Filing Date:** 2025-11
**Character Count:** 78512
**Document Hash:** 868d656490fabdb8d5843bd3e03d997d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-015889.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000894189-25-015889

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**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:** 251528673

**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

### SMI 3Fourteen Real Asset Allocation ETF (Series ID: S000090496)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000257751 | SMI 3Fourteen REAL Asset Allocation ETF | RAA             |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** |
| |  | **Shares** | **Value** |
| 27.04<br>**%** | **COMMON STOCKS** |  |  |
| 3.56<br>**%** | **COMMUNICATION SERVICES** |  |  |
|  | Alphabet, Inc. Class A | 14163 | $3443025 |
|  | Alphabet, Inc. Class C | 13224 | 3220705 |
|  | Charter Communications, Inc.<sup>(A)</sup> | 793 | 218158 |
|  | Comcast Corp. Class A | 21589 | 678326 |
|  | Electronic Arts, Inc. | 1500 | 302550 |
|  | Meta Platforms, Inc. | 5313 | 3901761 |
|  | Netflix, Inc.<sup>(A)</sup> | 2557 | 3065638 |
|  | Take-Two Interactive<sup>(A)</sup> | 1098 | 283679 |
|  | T-Mobile US, Inc. | 6624 | 1585653 |
|  | The Trade Desk, Inc<sup>(A)</sup> | 2648 | 129778 |
|  | Warner Bros. Discovery, Inc.<sup>(A)</sup> | 14580 | 284747 |
|  |  |  | 17114020 |
| 3.22<br>**%** | **CONSUMER DISCRETIONARY** |  |  |
|  | Airbnb, Inc.<sup>(A)</sup> | 2574 | 312535 |
|  | Amazon.com, Inc.<sup>(A)</sup> | 26022 | 5713651 |
|  | Booking Holdings, Inc. | 194 | 1047458 |
|  | DoorDash, Inc.<sup>(A)</sup> | 2424 | 659304 |
|  | Genuine Parts Co. | 2035 | 282051 |
|  | Lululemon Athletica, Inc.<sup>(A)</sup> | 699 | 124373 |
|  | Marriott International Class A | 1651 | 429986 |
|  | McDonald's Corp. | 932 | 283225 |
|  | MercadoLibre, Inc.<sup>(A)</sup> | 320 | 747821 |
|  | O'Reilly Automotive, Inc.<sup>(A)</sup> | 4991 | 538080 |
|  | Pinduoduo, Inc.<sup>(A)</sup> | 3932 | 519692 |
|  | Ross Stores, Inc. | 1926 | 293503 |
|  | Starbucks Corp. | 6795 | 574857 |
|  | Tesla, Inc.<sup>(A)</sup> | 8941 | 3976242 |
|  |  |  | 15502778 |

| | | | |
|:---|:---|:---|:---|
| **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** |
| |  | **Shares** | **Value** |
| 1.49<br>**%** | **CONSUMER STAPLES** |  |  |
|  | Coca-Cola European Partners plc | 2706 | $244649 |
|  | Costco Wholesale Corp. | 2609 | 2414969 |
|  | Hormel Foods Corp. | 19412 | 480253 |
|  | The JM Smucker Co | 1853 | 201236 |
|  | Kenvue, Inc. | 29449 | 477957 |
|  | Keurig Dr Pepper, Inc. | 8079 | 206095 |
|  | Kimberly-Clark Corp. | 3872 | 481444 |
|  | The Kraft Heinz Co | 7004 | 182384 |
|  | Mondelez International Inc. Class A | 7559 | 472211 |
|  | Monster Beverage Corp.<sup>(A)</sup> | 5803 | 390600 |
|  | PepsiCo, Inc. | 8069 | 1133210 |
|  | Target Corp. | 5475 | 491108 |
|  |  |  | 7176116 |
| 1.18<br>**%** | **ENERGY** |  |  |
|  | Baker Hughes Co. | 6127 | 298508 |
|  | Canadian Natural Resources Ltd. | 14970 | 478441 |
|  | Cheniere Energy, Inc. | 2050 | 481709 |
|  | Chevron Corp. | 5018 | 779245 |
|  | Diamondback Energy, Inc. | 1749 | 250282 |
|  | EQT Corp. | 8800 | 478984 |
|  | Exxon Mobil Corp. | 4255 | 479751 |
|  | Marathon Petroleum Corp. | 2491 | 480115 |
|  | Occidental Petroleum Corp. | 10243 | 483982 |
|  | Schlumberger Ltd. | 14176 | 487229 |
|  | Suncor Energy, Inc. | 11524 | 481818 |
|  | Williams Cos., Inc. | 7605 | 481777 |
|  |  |  | 5661841 |
| 0.33<br>**%** | **FINANCIALS** |  |  |
|  | Cincinnati Financial Corp. | 2532 | 400309 |
|  | Franklin Resources, Inc. | 17466 | 403989 |
|  | PayPal Holdings, Inc.<sup>(A)</sup> | 5848 | 392167 |
|  | T Rowe Price Group, Inc. | 3919 | 402246 |
|  |  |  | 1598711 |

| | | | |
|:---|:---|:---|:---|
| **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** |
| |  | **Shares** | **Value** |
| 1.17<br>**%** | **HEALTH CARE** |  |  |
|  | Abbvie, Inc. | 2216 | $513093 |
|  | Amgen, Inc. | 3095 | 873409 |
|  | AstraZeneca plc | 3411 | 261692 |
|  | Biogen, Inc.<sup>(A)</sup> | 863 | 120889 |
|  | Dexcom, Inc.<sup>(A)</sup> | 2294 | 154363 |
|  | GE Healthcare Technologies | 2657 | 199541 |
|  | Gilead Sciences, Inc. | 7281 | 808191 |
|  | Idexx Laboratories, Inc.<sup>(A)</sup> | 470 | 300278 |
|  | Intuitive Surgical, Inc.<sup>(A)</sup> | 2090 | 934711 |
|  | Medtronic plc | 5359 | 510391 |
|  | Regeneron Pharmaceuticals, Inc. | 605 | 340173 |
|  | Vertex Pharmaceuticals<sup>(A)</sup> | 1532 | 599992 |
|  |  |  | 5616723 |
| 1.39<br>**%** | **INDUSTRIALS** |  |  |
|  | Automatic Data Processing, Inc. | 4139 | 1214797 |
|  | Axon Enterprise, Inc.<sup>(A)</sup> | 461 | 330832 |
|  | CH Robinson Worldwide, Inc. | 3818 | 505503 |
|  | Cintas Corp. | 2384 | 489340 |
|  | Copart, Inc.<sup>(A)</sup> | 5678 | 255340 |
|  | CSX Corp. | 11189 | 397321 |
|  | Fastenal Co. | 6758 | 331412 |
|  | Honeywell International | 3765 | 792533 |
|  | Illinois Tool Works, Inc. | 1920 | 500659 |
|  | Old Dominion Freight | 1265 | 178087 |
|  | PACCAR, Inc. | 3146 | 309315 |
|  | Paychex, Inc. | 2193 | 277985 |
|  | Stanley Black & Decker, Inc. | 6760 | 502471 |
|  | Thomson Reuters Corp. | 2669 | 414576 |
|  | Verisk Analytics, Inc. | 818 | 205735 |
|  |  |  | 6705906 |

| | | | |
|:---|:---|:---|:---|
| **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** |
| |  | **Shares** | **Value** |
| 12.64<br>**%** | **INFORMATION TECHNOLOGY** |  |  |
|  | Adobe, Inc.<sup>(A)</sup> | 2561 | $903393 |
|  | Advanced Micro Devices<sup>(A)</sup> | 9647 | 1560788 |
|  | Analog Devices, Inc. | 2921 | 717690 |
|  | Apple, Inc. | 35772 | 9108624 |
|  | Applied Materials, Inc. | 4698 | 961869 |
|  | AppLovin Corp.<sup>(A)</sup> | 1837 | 1319958 |
|  | Arm Holdings plc<sup>(A)</sup> | 823 | 116446 |
|  | ASML Holding NV | 500 | 484045 |
|  | Atlassian Corp. Class A<sup>(A)</sup> | 1021 | 163054 |
|  | Autodesk, Inc.<sup>(A)</sup> | 1284 | 407888 |
|  | Broadcom, Inc. | 18874 | 6226721 |
|  | Cadence Design Systems<sup>(A)</sup> | 1609 | 565178 |
|  | CDW Corp. | 784 | 124876 |
|  | Cisco Systems, Inc. | 23340 | 1596923 |
|  | Cognizant Tech Solutions | 2865 | 192156 |
|  | CrowdStrike Holdings, Inc.<sup>(A)</sup> | 1499 | 735080 |
|  | Datadog, Inc. Class A<sup>(A)</sup> | 1963 | 279531 |
|  | Fortinet, Inc.<sup>(A)</sup> | 4559 | 383321 |
|  | GlobalFoundries, Inc.<sup>(A)</sup> | 3478 | 124652 |
|  | Intel Corp.<sup>(A)</sup> | 26782 | 898536 |
|  | International Business Machines Corp. | 1451 | 409414 |
|  | Intuit, Inc. | 1673 | 1142508 |
|  | KLA Corp. | 785 | 846701 |
|  | Lam Research Corp. | 7410 | 992199 |
|  | Marvell Technology, Inc. | 5073 | 426487 |
|  | Microchip Technology, Inc. | 3235 | 207752 |
|  | Micron Technology, Inc. | 6554 | 1096615 |
|  | Microsoft Corp. | 17884 | 9263018 |
|  | MicroStrategy, Inc. Class A<sup>(A)</sup> | 1602 | 516180 |
|  | Nvidia Corp. | 57143 | 10661741 |
|  | NXP Semiconductors NV | 1514 | 344783 |
|  | ON Semiconductor Corp.<sup>(A)</sup> | 2474 | 121993 |
|  | Palantir Technologies Inc.<sup>(A)</sup> | 13424 | 2448806 |
|  | Palo Alto Networks, Inc.<sup>(A)</sup> | 3984 | 811222 |
|  | Qualcomm, Inc. | 6371 | 1059880 |
|  | Roper Technologies, Inc. | 644 | 321156 |
|  | Shopify, Inc. Class A<sup>(A)</sup> | 7348 | 1091986 |

| | | | |
|:---|:---|:---|:---|
| **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** |
| | **INFORMATION TECHNOLOGY Continued** | **Shares** | **Value** |
|  | Synopsys, Inc.<sup>(A)</sup> | 1079 | $532367 |
|  | Texas Instruments, Inc. | 5419 | 995633 |
|  | Workday, Inc. Class A<sup>(A)</sup> | 1296 | 311986 |
|  | Zscaler, Inc.<sup>(A)</sup> | 926 | 277485 |
|  |  |  | 60750641 |
| 0.48<br>**%** | **MATERIALS** |  |  |
|  | Air Products and Chemicals, Inc. | 900 | 245448 |
|  | Amcor plc | 58807 | 481041 |
|  | Linde plc | 2774 | 1317650 |
|  | PPG Industries, Inc. | 2292 | 240912 |
|  |  |  | 2285051 |
| 1.14<br>**%** | **REAL ESTATE** |  |  |
|  | Alexandria Real Estate Equities, Inc. REIT | 1163 | 96924 |
|  | AvalonBay Communities, Inc. REIT | 998 | 192784 |
|  | CoStar Group, Inc.<sup>(A)</sup> | 2527 | 213203 |
|  | Digital Realty Trust, Inc. REIT | 1970 | 340574 |
|  | Equinix, Inc. REIT | 556 | 435481 |
|  | Equity Residential REIT | 2238 | 144866 |
|  | Essex Property Trust, Inc. REIT | 360 | 96358 |
|  | Extra Space Storage, Inc. REIT | 1371 | 193229 |
|  | Invitation Homes, Inc. REIT | 3288 | 96437 |
|  | Iron Mountain, Inc. REIT | 1901 | 193788 |
|  | Kimco Realty Corp. REIT | 4411 | 96380 |
|  | Mid-America Apartment Communities REIT | 689 | 96274 |
|  | Prologis, Inc. REIT | 5062 | 579700 |
|  | Public Storage REIT | 1001 | 289139 |
|  | Realty Income Corp. REIT | 12587 | 765164 |
|  | Simon Property Group, Inc. REIT | 1801 | 337994 |
|  | Sun Communities, Inc. REIT | 748 | 96492 |
|  | Ventas, Inc. REIT | 2752 | 192612 |
|  | Vici Properties, Inc. REIT | 7388 | 240923 |
|  | W. P. Carey, Inc. REIT | 1422 | 96085 |
|  | Welltower, Inc. REIT | 3767 | 671053 |
|  |  |  | 5465460 |

| | | | |
|:---|:---|:---|:---|
| **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** |
| |  | **Shares** | **Value** |
| 0.44<br>**%** | **UTILITIES** |  |  |
|  | American Electric Power, Inc. | 3135 | $352688 |
|  | Consolidated Edison, Inc. | 2933 | 294825 |
|  | Constellation Energy Corp. | 1883 | 619639 |
|  | Eversource Energy | 4154 | 295516 |
|  | Exelon Corp. | 5911 | 266054 |
|  | Xcel Energy, Inc. | 3532 | 284856 |
|  |  |  | 2113578 |
| 27.04<br>**%** | **TOTAL COMMON STOCKS** |  | 129990825 |
|  | (Cost: $113,229,096) |  |  |
| 72.94<br>**%** | **EXCHANGE TRADED FUNDS** |  |  |
| 1.99<br>**%** | **COMMODITIES** |  |  |
|  | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 712309 | 9566310 |
| 7.97<br>**%** | **CORPORATE BONDS** |  |  |
|  | Vanguard International Corporate Bond Index | 455441 | 38307143 |
| 2.01<br>**%** | **CRYPTO CURRENCY** |  |  |
|  | Grayscale Bitcoin Mini Trust ETF<sup>(A)</sup> | 191444 | 9692810 |
| 2.99<br>**%** | **EMERGING EX. CHINA** |  |  |
|  | iShares MSCI Emerging Markets ex China | 213292 | 14399343 |
| 4.98<br>**%** | **EMERGING MKT BONDS** |  |  |
|  | iShares J.P. Morgan USD Emerging Markets Bond ETF | 251343 | 23925340 |
| 1.00<br>**%** | **EUROPE** |  |  |
|  | Franklin FTSE Europe ETF | 138285 | 4798489 |
| 4.01<br>**%** | **GOLD** |  |  |
|  | Sprott Physical Gold Trust<sup>(A)</sup> | 650382 | 19264315 |
| 8.98<br>**%** | **HIGH YIELD BONDS** |  |  |
|  | Schwab High Yield Bond ETF | 1614786 | 43163230 |

| | | | |
|:---|:---|:---|:---|
| **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** | **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** |
| |  | **Shares** | **Value** |
| 2.00<br>**%** | **JAPAN** |  |  |
|  | Franklin FTSE Japan ETF | 277770 | $9599731 |
| 3.99<br>**%** | **MANAGED FUTURES** |  |  |
|  | iMGP DBi Managed Futures Strategy ETF | 703075 | 19200978 |
| 4.02<br>**%** | **MINERS** |  |  |
|  | SPDR S&P Metals & Mining ETF | 207554 | 19341957 |
| 7.96<br>**%** | **TREASURIES** |  |  |
|  | Schwab Long-Term U.S. Treasury ETF | 443533 | 14330551 |
|  | Schwab U.S. TIPS ETF | 710730 | 19154174 |
|  | US Treasury 3 Month Bill ETF | 95713 | 4785650 |
|  |  |  | 38270375 |
| 18.03<br>**%** | **US LARGE CAP** |  |  |
|  | BNY Mellon US Large Cap Core Equity ETF | 675429 | 86711575 |
| 3.01<br>**%** | **US SMALL CAP** |  |  |
|  | Vanguard Small-Cap ETF | 56926 | 14475143 |
| 72.94<br>**%** | **TOTAL EXCHANGE TRADED FUNDS** |  | 350716739 |
|  | (Cost: $335,489,166) |  |  |
| 0.07<br>**%** | **MONEY MARKET FUND** |  |  |
|  | First American Money Market Funds 0.000%<sup>(B)</sup> | 333478 | 333478 |
|  | (Cost: $333,478) |  |  |
| 100.05<br>**%** | **TOTAL INVESTMENTS** |  | 481041042 |
|  | (Cost: $449,051,740) |  |  |
| **(0.05**<br>**%)** | Liabilities in excess of other assets |  | (243232) |
| 100.00<br>**%** | **NET ASSETS** |  | $**480797810** |

| |
|:---|
| **SMI 3FOURTEEN REAL ASSET ALLOCATION ETF** |
| **Schedule of Investments** |
| **September 30, 2025 (unaudited)** |
| <sup>(A)</sup>Non-income producing |
| <sup>(B)</sup>Effective 7 day yield as of September 30, 2025 |
| 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 | In accordance with U.S. GAAP, "fair value" is defined as the price that a Fund would receive | 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 | upon selling an investment in an orderly transaction to an independent buyer in the | 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 | principal or most advantageous market for the investment. Various inputs are used | 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 | in determining the value of a Fund's investments. U.S. GAAP established a three-tier | 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 | hierarchy of inputs to establish a classification of fair value measurements for | hierarchy of inputs to establish a classification of fair value measurements for |  |  |
| disclosure purposes. Level 1 includes quoted prices in active markets for identical | disclosure purposes. Level 1 includes quoted prices in active markets for identical | disclosure purposes. Level 1 includes quoted prices in active markets for identical |  |  |
| securities. Level 2 includes other significant observable inputs (including quoted | securities. Level 2 includes other significant observable inputs (including quoted | securities. Level 2 includes other significant observable inputs (including quoted |  |  |
| prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). | prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). | prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). |  |  |
| Level 3 includes significant unobservable inputs (including the Fund's own assumptions in | Level 3 includes significant unobservable inputs (including the Fund's own assumptions in | Level 3 includes significant unobservable inputs (including the Fund's own assumptions in |  |  |
| determining fair value of investments). | determining fair value of investments). |  |  |  |
| The inputs or methodology used for valuing securities are not necessarily an | The inputs or methodology used for valuing securities are not necessarily an | The inputs or methodology used for valuing securities are not necessarily an |  |  |
| indication of the risk associated with investing in those securities. | indication of the risk associated with investing in those securities. |  |  |  |
| The following summarizes the inputs used to value the Fund's investments as of September 30, 2025: | The following summarizes the inputs used to value the Fund's investments as of September 30, 2025: | The following summarizes the inputs used to value the Fund's investments as of September 30, 2025: | The following summarizes the inputs used to value the Fund's investments as of September 30, 2025: |  |
|  | Level 1 | Level 2 | Level 3 |  |
|  |  | Other | Significant |  |
|  |  | Significant | Unobservable |  |
|  | Quoted Prices | Observable Inputs | Inputs | Total |
| COMMON STOCKS | $129990825 | $- | $- | $129990825 |
| EXCHANGE TRADED FUNDS | 350716739 | - | - | 350716739 |
| MONEY MARKET FUND | 333478 | - | - | 333478 |
| TOTAL INVESTMENTS | $481041042 | $- | $- | $481041042 |
| The cost of investments for Federal income tax purposes has been estimated a/o September 30, 2025 since | The cost of investments for Federal income tax purposes has been estimated a/o September 30, 2025 since | The cost of investments for Federal income tax purposes has been estimated a/o September 30, 2025 since | The cost of investments for Federal income tax purposes has been estimated a/o September 30, 2025 since |  |
| the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income | the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income | the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income | the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income |  |
| tax purpose is $449,051,740, and the related net unrealized appreciation (depreciation) consists of: | tax purpose is $449,051,740, and the related net unrealized appreciation (depreciation) consists of: | tax purpose is $449,051,740, and the related net unrealized appreciation (depreciation) consists of: |  |  |
|  |  |  | Gross unrealized appreciation | $33396855 |
|  |  |  | Gross unrealized depreciation | (1407552) |
|  |  |  | Net unrealized appreciation | $31989302 |

---

## 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:** SMI 3Fourteen REAL Asset Allocation ETF

- **b. EDGAR series identifier (if any):** S000090496

- **c. LEI of Series:** 254900253575A8QBZ259

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $606275559.00

**Total Liabilities:** $62423396.77

**Net Assets:** $543852162.23

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000257751 | 1.39%                | 1.58%                | 3.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3810477.19              | $1390425.39                                |
| Month 2  | $2194351.12              | $4373041.20                                |
| Month 3  | $5008525.76              | $10758629.39                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alphabet Inc                   | Alphabet Inc                                                    | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     17753 | NS      | $4315754.30   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                | AstraZeneca PLC                                                 | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      4413 | NS      | $338565.36    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                                              | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      6814 | NS      | $5004065.32   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co               | Genuine Parts Co                                                | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |      6678 | NS      | $925570.80    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                            | International Business Machines Corp                            | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      5236 | NS      | $1477389.76   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Emerging Markets  | iShares MSCI Emerging Markets ex China ETF                      | CUSIP: 46434G764<br>LEI: 549300OO3LEZN53XCB15 | Long             | EC               | RF                | US        |    249126 | NS      | $16818496.26  | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co/The                  | Clorox Co/The                                                   | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |     13199 | NS      | $1627436.70   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                    | Datadog Inc                                                     | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      2461 | NS      | $350446.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                       | KLA Corp                                                        | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      1005 | NS      | $1083993.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp              | Kimco Realty Corp                                               | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |      4611 | NS      | $100750.35    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The             | Kraft Heinz Co/The                                              | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |      8822 | NS      | $229724.88    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| iMGP DBi Managed Futures Strat | iMGP DBi Managed Futures Strategy ETF                           | CUSIP: 53700T827<br>LEI: 5493001M6OM3MQRFQ366 | Long             | EC               | RF                | US        |    607164 | NS      | $16581648.84  | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc         | Marvell Technology Inc                                          | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8075 | NS      | $678865.25    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp          | ON Semiconductor Corp                                           | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |      2532 | NS      | $124852.92    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc         | T Rowe Price Group Inc                                          | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     14678 | NS      | $1506549.92   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                   | QUALCOMM Inc                                                    | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      8350 | NS      | $1389106.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                | T-Mobile US Inc                                                 | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      8520 | NS      | $2039517.60   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                    | Workday Inc                                                     | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      1606 | NS      | $386612.38    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                    | Zscaler Inc                                                     | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      1098 | NS      | $329026.68    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBALFOUNDRIES Inc            | GLOBALFOUNDRIES Inc                                             | CUSIP: N/A<br>LEI: 549300BA76VK784VMX48       | Long             | EC               | CORP              | US        |      4176 | NS      | $149667.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc         | Diamondback Energy Inc                                          | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      2126 | NS      | $304230.60    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                   | DoorDash Inc                                                    | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      2965 | NS      | $806450.35    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                  | Medtronic PLC                                                   | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |     17237 | NS      | $1641651.88   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk Inc/The             | Trade Desk Inc/The                                              | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |      3304 | NS      | $161929.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc            | VICI Properties Inc                                             | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |      7732 | NS      | $252140.52    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc      | Warner Bros Discovery Inc                                       | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |     19911 | NS      | $388861.83    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                  | Welltower Inc                                                   | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |      4074 | NS      | $725742.36    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                   | Chevron Corp                                                    | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5762 | NS      | $894780.98    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                                                      | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      7529 | NS      | $1743264.66   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                      | Adobe Inc                                                       | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      3216 | NS      | $1134444.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc | Air Products and Chemicals Inc                                  | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |       367 | NS      | $100088.24    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equitie | Alexandria Real Estate Equities Inc                             | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |      1204 | NS      | $100341.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc             | Analog Devices Inc                                              | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      3730 | NS      | $916461.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                  | AppLovin Corp                                                   | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      2258 | NS      | $1622463.32   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                   | Autodesk Inc                                                    | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      1394 | NS      | $442831.98    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                | Baker Hughes Co                                                 | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7487 | NS      | $364766.64    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                     | Biogen Inc                                                      | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |      1081 | NS      | $151426.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc           | Booking Holdings Inc                                            | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       222 | NS      | $1198637.94   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corp      | Cincinnati Financial Corp                                       | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |      5991 | NS      | $947177.10    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc       | Digital Realty Trust Inc                                        | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      2134 | NS      | $368925.92    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources Inc         | Franklin Resources Inc                                          | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |     60836 | NS      | $1407136.68   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategy Inc                   | Strategy Inc                                                    | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |      1949 | NS      | $627987.29    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc     | Mondelez International Inc                                      | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      9836 | NS      | $614454.92    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc        | O'Reilly Automotive Inc                                         | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      6533 | NS      | $704322.73    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc             | PPG Industries Inc                                              | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |     14014 | NS      | $1473011.54   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                    | PepsiCo Inc                                                     | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     10260 | NS      | $1440914.40   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Schwab US TIPS ETF             | Schwab US TIPS ETF                                              | CUSIP: 808524870<br>LEI: 5493001H0ESLTZTZWE77 | Long             | EC               | RF                | US        |    588894 | NS      | $15870693.30  | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software  | Take-Two Interactive Software Inc                               | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      1334 | NS      | $344652.24    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc     | Vertex Pharmaceuticals Inc                                      | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      1912 | NS      | $748815.68    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                | Xcel Energy Inc                                                 | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |      4392 | NS      | $354214.80    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                | ASML Holding NV                                                 | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |       577 | NS      | $558587.93    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Optimum Yield Diversif | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | CUSIP: 46090F100<br>LEI: 549300FMDZNC0BEIYQ10 | Long             | EC               | RF                | US        |    397312 | NS      | $5335900.16   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc         | Intuitive Surgical Inc                                          | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      2661 | NS      | $1190079.03   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares J.P. Morgan USD Emergi | iShares J.P. Morgan USD Emerging Markets Bond ETF               | CUSIP: 464288281<br>LEI: 54930070R8WH6MNUJG74 | Long             | EC               | RF                | US        |    337215 | NS      | $32099495.85  | 5.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communit | Mid-America Apartment Communities Inc                           | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |       635 | NS      | $88728.55     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                     | Airbnb Inc                                                      | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |      3259 | NS      | $395707.78    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                                                    | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     16612 | NS      | $4045852.60   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc  | Automatic Data Processing Inc                                   | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      8221 | NS      | $2412863.50   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc     | Charter Communications Inc                                      | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      1037 | NS      | $285283.89    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp      | Constellation Energy Corp                                       | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      2459 | NS      | $809183.13    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp          | Costco Wholesale Corp                                           | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      3373 | NS      | $3122149.99   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp             | Realty Income Corp                                              | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     28591 | NS      | $1738046.89   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                | Ross Stores Inc                                                 | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      2483 | NS      | $378384.37    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Schwab Long-Term U.S. Treasury | Schwab Long-Term U.S. Treasury ETF                              | CUSIP: 808524680<br>LEI: 5493006AVMCWPOJLOR38 | Long             | EC               | RF                | US        |    839130 | NS      | $27112290.30  | 4.99%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                 | A O Smith Corp                                                  | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |      2790 | NS      | $204813.90    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                                                  | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     33285 | NS      | $7308387.45   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                     | Kenvue Inc                                                      | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |     76367 | NS      | $1239436.41   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc           | Keurig Dr Pepper Inc                                            | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     10442 | NS      | $266375.42    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp          | Monster Beverage Corp                                           | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |      7410 | NS      | $498767.10    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc      | Palantir Technologies Inc                                       | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     17380 | NS      | $3170459.60   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV          | NXP Semiconductors NV                                           | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |      1880 | NS      | $428132.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc     | Advanced Micro Devices Inc                                      | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     12838 | NS      | $2077060.02   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc | American Electric Power Co Inc                                  | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      4122 | NS      | $463725.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                      | Amgen Inc                                                       | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      3886 | NS      | $1096629.20   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc          | Applied Materials Inc                                           | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      6133 | NS      | $1255670.42   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ARM Holdings PLC               | ARM Holdings PLC                                                | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |       992 | NS      | $140358.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                 | Atlassian Corp                                                  | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | AU        |      1206 | NS      | $192598.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BNY Mellon US Large Cap Core E | BNY Mellon US Large Cap Core Equity ETF                         | CUSIP: 09661T107<br>LEI: 549300LQKBY0N1SODR76 | Long             | EC               | RF                | US        |    596287 | NS      | $76551325.06  | 14.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD  | Marriott International Inc/MD                                   | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      2051 | NS      | $534162.44    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc               | MercadoLibre Inc                                                | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |       342 | NS      | $799233.48    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                    | Netflix Inc                                                     | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      3301 | NS      | $3957634.92   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                    | Paychex Inc                                                     | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      2708 | NS      | $343266.08    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc            | PayPal Holdings Inc                                             | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      7341 | NS      | $492287.46    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc         | Roper Technologies Inc                                          | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |       813 | NS      | $405434.97    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                    | Shopify Inc                                                     | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      9167 | NS      | $1362307.87   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc       | Simon Property Group Inc                                        | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      1995 | NS      | $374401.65    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                    | CDW Corp/DE                                                     | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |       978 | NS      | $155775.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc            | Sun Communities Inc                                             | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |       832 | NS      | $107328.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                    | Target Corp                                                     | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     16097 | NS      | $1443900.90   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc     | Cadence Design Systems Inc                                      | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      1989 | NS      | $698656.14    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions | Cognizant Technology Solutions Corp                             | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      3597 | NS      | $241250.79    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Intermediate-Term Cor | Vanguard Intermediate-Term Corporate Bond ETF                   | CUSIP: 92206C870<br>LEI: N/A                  | Long             | EC               | RF                | US        |    570554 | NS      | $47989296.94  | 8.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Small-Cap ETF         | Vanguard Small-Cap ETF                                          | CUSIP: 922908751<br>LEI: N/A                  | Long             | EC               | RF                | US        |     20863 | NS      | $5305043.64   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential             | Equity Residential                                              | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |      2299 | NS      | $148814.27    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                      | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    220219 | NS      | $220219.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                   | Comcast Corp                                                    | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     27732 | NS      | $871339.44    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                     | Copart Inc                                                      | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |      7369 | NS      | $331383.93    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                    | Equinix Inc                                                     | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |       529 | NS      | $414333.96    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc      | AvalonBay Communities Inc                                       | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |      1043 | NS      | $201476.31    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc            | Axon Enterprise Inc                                             | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       548 | NS      | $393266.72    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                                                    | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     24305 | NS      | $8018462.55   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc        | Extra Space Storage Inc                                         | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1392 | NS      | $196188.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp              | Hormel Foods Corp                                               | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |     61223 | NS      | $1514657.02   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| F/m US Treasury 3 Month Bill E | F/m US Treasury 3 Month Bill ETF                                | CUSIP: 74933W452<br>LEI: 549300KRKRLYQRNPKC82 | Long             | EC               | RF                | US        |    210773 | NS      | $10538650.00  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                    | Exelon Corp                                                     | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |      7640 | NS      | $343876.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                    | Fastenal Co                                                     | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |      8861 | NS      | $434543.44    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc | GE HealthCare Technologies Inc                                  | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |      3396 | NS      | $255039.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc    | Honeywell International Inc                                     | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      4848 | NS      | $1020504.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Global Metals & M | iShares MSCI Global Metals & Mining Producers ETF               | CUSIP: 46434G848<br>LEI: 549300P22YCPXTDJWG70 | Long             | EC               | RF                | US        |    256661 | NS      | $11421414.50  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CH Robinson Worldwide Inc      | CH Robinson Worldwide Inc                                       | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |     12306 | NS      | $1629314.40   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                       | CSX Corp                                                        | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     14136 | NS      | $501969.36    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                    | Cintas Corp                                                     | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2951 | NS      | $605722.26    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc        | Consolidated Edison Inc                                         | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |      9292 | NS      | $934031.84    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                   | Fortinet Inc                                                    | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      5770 | NS      | $485141.60    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin FTSE Europe ETF       | Franklin FTSE Europe ETF                                        | CUSIP: 35473P652<br>LEI: 549300MGO0V5Y80BBI27 | Long             | EC               | RF                | US        |    304500 | NS      | $10566150.00  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin FTSE Japan ETF        | Franklin FTSE Japan ETF                                         | CUSIP: 35473P744<br>LEI: 549300V7MZYC1Z30JS82 | Long             | EC               | RF                | US        |    311697 | NS      | $10772248.32  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc        | Illinois Tool Works Inc                                         | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |      5870 | NS      | $1530661.20   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                     | Intel Corp                                                      | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     33315 | NS      | $1117718.25   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                     | Intuit Inc                                                      | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      2029 | NS      | $1385624.39   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc           | Invitation Homes Inc                                            | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5040 | NS      | $147823.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc              | Iron Mountain Inc                                               | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |      2158 | NS      | $219986.52    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp            | Kimberly-Clark Corp                                             | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      6551 | NS      | $814551.34    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc        | Lululemon Athletica Inc                                         | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | CA        |       669 | NS      | $119035.17    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc           | Verisk Analytics Inc                                            | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      1014 | NS      | $255031.14    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                                       | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     46523 | NS      | $11846151.49  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc              | Cisco Systems Inc                                               | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     29810 | NS      | $2039600.20   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc               | CoStar Group Inc                                                | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |      3249 | NS      | $274118.13    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc         | IDEXX Laboratories Inc                                          | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |       540 | NS      | $345000.60    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp              | Lam Research Corp                                               | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     10014 | NS      | $1340874.60   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                                                  | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     23077 | NS      | $11952732.15  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc       | Microchip Technology Inc                                        | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |      4098 | NS      | $263173.56    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc          | Micron Technology Inc                                           | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      8537 | NS      | $1428410.84   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc  | Old Dominion Freight Line Inc                                   | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      1462 | NS      | $205820.36    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc         | Palo Alto Networks Inc                                          | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      5022 | NS      | $1022579.64   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc  | Regeneron Pharmaceuticals Inc                                   | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       651 | NS      | $366037.77    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Schwab High Yield Bond ETF     | Schwab High Yield Bond ETF                                      | CUSIP: 808524631<br>LEI: 54930009R7VCR5XYW907 | Long             | EC               | RF                | US        |   1594634 | NS      | $42624566.82  | 7.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                 | Starbucks Corp                                                  | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      8507 | NS      | $719692.20    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc          | Texas Instruments Inc                                           | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      6793 | NS      | $1248077.89   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners | Coca-Cola Europacific Partners PLC                              | CUSIP: N/A<br>LEI: 549300LTH67W4GWMRF57       | Long             | EC               | CORP              | GB        |      3487 | NS      | $315259.67    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc       | Crowdstrike Holdings Inc                                        | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      1940 | NS      | $951337.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                     | Dexcom Inc                                                      | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      2910 | NS      | $195813.90    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc            | Electronic Arts Inc                                             | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      1895 | NS      | $382221.50    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc       | Essex Property Trust Inc                                        | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |       342 | NS      | $91539.72     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy              | Eversource Energy                                               | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     14250 | NS      | $1013745.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc            | Gilead Sciences Inc                                             | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      9149 | NS      | $1015539.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Grayscale Bitcoin Mini Trust E | Grayscale Bitcoin Mini Trust ETF                                | CUSIP: 389930207<br>LEI: 529900WHTNX5LZCNWB27 | Long             | EC               | RF                | US        |    328860 | NS      | $16650181.80  | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                | McDonald's Corp                                                 | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      2929 | NS      | $890093.81    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                                     | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     78349 | NS      | $14618356.42  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                     | PACCAR Inc                                                      | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |      4066 | NS      | $399769.12    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings Inc               | PDD Holdings Inc                                                | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | IE        |      5134 | NS      | $678560.78    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                   | Prologis Inc                                                    | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      5492 | NS      | $628943.84    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                 | Public Storage                                                  | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      1044 | NS      | $301559.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Physical Gold Trust     | Sprott Physical Gold Trust                                      | CUSIP: 85207H104<br>LEI: N/A                  | Long             | EC               | RF                | CA        |    594885 | NS      | $17620493.70  | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc     | Stanley Black & Decker Inc                                      | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     20920 | NS      | $1554983.60   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                   | Synopsys Inc                                                    | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      1101 | NS      | $543221.70    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                                                       | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     11720 | NS      | $5212118.40   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Thomson Reuters Corp           | Thomson Reuters Corp                                            | CUSIP: 884903808<br>LEI: 549300561UZND4C7B569 | Long             | EC               | CORP              | CA        |      3413 | NS      | $530141.29    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                     | Ventas Inc                                                      | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |      3021 | NS      | $211439.79    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey Inc                   | WP Carey Inc                                                    | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |      1465 | NS      | $98990.05     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                      | Amcor PLC                                                       | CUSIP: N/A<br>LEI: 549300GSODGFCDQ3DI89       | Long             | EC               | CORP              | CH        |    183398 | NS      | $1500195.64   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                      | Linde PLC                                                       | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | US        |      3567 | NS      | $1694325.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-26

**Name of Applicant:** ETF Opportunities Trust

**Signature:** /s/ Ann MacDonald

**Name of Signer:** Ann MacDonlad

**Title:** Principal Financial Officer