# EDGAR Filing Document

**Accession Number:** 0001771146
**File Stem:** 0001004726-25-000965
**Filing Date:** 2025-9
**Character Count:** 13407
**Document Hash:** 6278dbcefb8c66f19e695f3ab06b3c10
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-25-000965.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0001004726-25-000965

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**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:** 251347557

**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

### Kingsbarn Dividend Opportunity ETF (Series ID: S000076504)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000236450 | Kingsbarn Dividend Opportunity ETF | DVDN            |

## Nport-Ex

**KINGSBARN DIVIDEND OPPORTUNITY ETF**

**Schedule of Investments**

**July 31, 2025 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
| |  | **Shares** | **Value** |
| **95.05%** | **COMMON STOCKS** |  |  |
| **13.51%** | **BUSINESS DEVELOPMENT COMPANIES** |  |  |
|  | Goldman Sachs BDC, Inc. | 11784 | $132216 |
|  | Runway Growth Finance Corp. | 12753 | 137095 |
|  | Trinity Capital Inc. | 9411 | 141071 |
|  |  |  | 410382 |
| **28.75%** | **COMMERCIAL MORTGAGE REAL ESTATE INVESTMENT TRUSTS** |  |  |
|  | Acres Commercial Realty Corp<sup>(A)</sup> | 6900 | 135792 |
|  | BrightSpire Capital, Inc. | 26588 | 137726 |
|  | Claros Mortgage Trust, Inc.<sup>(A)</sup> | 42973 | 122473 |
|  | Granite Point Mortgage Trust, Inc. | 53113 | 135438 |
|  | Sachem Capital Corp. | 172693 | 200324 |
|  | TPG RE Finance Trust, Inc. | 16319 | 141975 |
|  |  |  | 873728 |
| **52.79%** | **RESIDENTIAL MORTGAGE REAL ESTATE INVESTMENT TRUSTS** |  |  |
|  | AGNC Investment Corp. | 14796 | 139526 |
|  | Annaly Capital Management, Inc. | 10524 | 213953 |
|  | ARMOUR Residential REIT, Inc. | 12930 | 210888 |
|  | Cherry Hill Mortgage Investment Corp. | 52800 | 146784 |
|  | Dynex Capital, Inc. | 17091 | 212612 |
|  | Ellington Residential Mortgage REIT | 23736 | 138856 |
|  | Invesco Mortgage Capital, Inc. | 28254 | 213318 |
|  | New York Mortgage Trust, Inc. | 30790 | 194901 |
|  | Orchid Island Capital, Inc. | 19157 | 133333 |
|  |  |  | 1604170 |
| **95.05%** | **TOTAL COMMON STOCKS** |  | 2888281 |

---

**KINGSBARN DIVIDEND OPPORTUNITY ETF**

**Schedule of Investments**

**July 31, 2025 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
| |  | **Shares** | **Value** |
| **95.05%** | **TOTAL INVESTMENTS** | 12 | $2888281 |
| **4.95%** | Other assets, net of liabilities |  | 150298 |
| **100.00%** | **NET ASSETS** |  | $**3038579** |

---

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

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 July 31, 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 | $2888281 | $— | $— | $2888281 |
| TOTAL INVESTMENTS | $2888281 | $— | $— | $2888281 |

---

The cost of investments for Federal income tax purposes has been estimated a/o July 31, 2025 since the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purpose is $2,900,105, and the related net unrealized appreciation (depreciation) consists of:

---

| | |
|:---|:---|
| Gross unrealized appreciation | $49438 |
| Gross unrealized depreciation | (61262) |
| Net unrealized appreciation | $(11824) |

---

## 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:** Kingsbarn Dividend Opportunity ETF

- **b. EDGAR series identifier (if any):** S000076504

- **c. LEI of Series:** 5493008EAMG4UBEU9361

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $3187561.07

**Total Liabilities:** $148981.56

**Net Assets:** $3038579.51

**Cash Not Reported:** $85946.09

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000236450 | 0.22%                | 4.14%                | -2.81%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-20595.92               | $611.31                                    |
| Month 2  | $56465.49                | $4664.85                                   |
| Month 3  | $-56077.08               | $-59657.57                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BRIGHTSPIRE CAPITAL, INC.                   | BRIGHTSPIRE CAPITAL INC              | CUSIP: 10949T109<br>LEI: 549300BOIFLLMVU37752 | Long             | EC               | CORP              | US        |     26588 | NS      | $137725.84    | 4.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TRINITY CAPITAL INC.                        | TRINITY CAPITAL INC                  | CUSIP: 896442308<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EC               | CORP              | US        |      9411 | NS      | $141070.89    | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Ellington Credit Co                         | ELLINGTON CREDIT CO                  | CUSIP: 288578107<br>LEI: 549300KA3MR2ZCRGA787 | Long             | EC               | CORP              | US        |     23736 | NS      | $138855.60    | 4.57%             |  |  |  | No            |                  1 | On Loan: No      |
| SACHEM CAPITAL CORP                         | SACHEM CAPITAL CORP                  | CUSIP: 78590A109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    172693 | NS      | $200323.88    | 6.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Orchid Island Capital Inc                   | ORCHID ISLAND CAPITAL INC            | CUSIP: 68571X301<br>LEI: 549300KBIHGT19K9DY89 | Long             | EC               | CORP              | US        |     19157 | NS      | $133332.72    | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNEX CAPITAL, INC.                         | DYNEX CAPITAL INC                    | CUSIP: 26817Q886<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EC               | CORP              | US        |     17091 | NS      | $212612.04    | 7.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GRANITE POINT MORTGAGE TRUST INC.           | GRANITE POINT MORTGAGE TRUST INC     | CUSIP: 38741L107<br>LEI: 529900VX2HQZ76AYIE02 | Long             | EC               | CORP              | US        |     53113 | NS      | $135438.15    | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP.                       | AGNC INVESTMENT CORP                 | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |     14796 | NS      | $139526.28    | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG RE FINANCE TRUST, INC.                  | TPG RE FINANCE TRUST INC             | CUSIP: 87266M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16319 | NS      | $141975.30    | 4.67%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO MORTGAGE CAPITAL INC.               | INVESCO MORTGAGE CAPITAL INC         | CUSIP: 46131B704<br>LEI: PV3BDP2HFZL2FNXQBL39 | Long             | EC               | CORP              | US        |     28254 | NS      | $213317.70    | 7.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMOUR RESIDENTIAL REIT, INC.               | ARMOUR RESIDENTIAL REIT INC          | CUSIP: 042315705<br>LEI: 549300K0WA0EJUX74V72 | Long             | EC               | CORP              | US        |     12930 | NS      | $210888.30    | 6.94%             |  |  |  | No            |                  1 | On Loan: No      |
| ACRES COMMERCIAL REALTY CORP.               | ACRES COMMERCIAL REALTY CORP         | CUSIP: 00489Q102<br>LEI: 549300RUJWPCMY4JFR46 | Long             | EC               | CORP              | US        |      6900 | NS      | $135792.00    | 4.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CLAROS MORTGAGE TRUST, INC.                 | CLAROS MORTGAGE TRUST INC            | CUSIP: 18270D106<br>LEI: 549300Z9LU2CZ3K30C16 | Long             | EC               | CORP              | US        |     42973 | NS      | $122473.05    | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CHERRY HILL MORTGAGE INVESTMENT CORPORATION | CHERRY HILL MORTGAGE INVESTMENT CORP | CUSIP: 164651101<br>LEI: 254900SBI2EPU32HAT29 | Long             | EC               | CORP              | US        |     52800 | NS      | $146784.00    | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS BDC, INC.                     | GOLDMAN SACHS BDC INC                | CUSIP: 38147U107<br>LEI: 6D01AGSGBNZIJSN77043 | Long             | EC               | CORP              | US        |     11784 | NS      | $132216.48    | 4.35%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MORTGAGE TRUST, INC.               | NEW YORK MORTGAGE TRUST INC          | CUSIP: 649604840<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EC               | CORP              | US        |     30790 | NS      | $194900.70    | 6.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MANAGEMENT, INC.             | ANNALY CAPITAL MANAGEMENT INC        | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |     10524 | NS      | $213952.92    | 7.04%             |  |  |  | No            |                  1 | On Loan: No      |
| RUNWAY GROWTH FINANCE CORP.                 | RUNWAY GROWTH FINANCE CORP           | CUSIP: 78163D100<br>LEI: 254900AXR3J2N1XT0V02 | Long             | EC               | CORP              | US        |     12753 | NS      | $137094.75    | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-02

**Name of Applicant:** ETF Opportunities Trust

**Signature:** Karen Shupe

**Name of Signer:** Karen Shupe

**Title:** Treasurer