# EDGAR Filing Document

**Accession Number:** 0001452937
**File Stem:** 0002048251-25-000411
**Filing Date:** 2025-9
**Character Count:** 109500
**Document Hash:** d4f139bb441108dea743ba8c62087ac1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-000411.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0002048251-25-000411

**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**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EXCHANGE TRADED CONCEPTS TRUST
- **CENTRAL INDEX KEY:** 0001452937

**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:** 811-22263
- **FILM NUMBER:** 251348602

**BUSINESS ADDRESS:**
- **STREET 1:** 10900 HEFNER POINTE DRIVE
- **STREET 2:** SUITE 400
- **CITY:** OKLAHOMA CITY
- **STATE:** OK
- **ZIP:** 73120
- **BUSINESS PHONE:** 405-778-8377

**MAIL ADDRESS:**
- **STREET 1:** 10900 HEFNER POINTE DRIVE
- **STREET 2:** SUITE 400
- **CITY:** OKLAHOMA CITY
- **STATE:** OK
- **ZIP:** 73120

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FAITHSHARES TRUST
- **DATE OF NAME CHANGE:** 20090717

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FAITHSHARES INC
- **DATE OF NAME CHANGE:** 20090225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VERITAS FUNDS INC
- **DATE OF NAME CHANGE:** 20081230

## Series and Classes Contracts Data

### Bluemonte Long Term Bond ETF (Series ID: S000092509)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000260540 | Bluemonte Long Term Bond ETF | BLTD            |

## Nport-Ex

**Bluemonte**

**Large Cap Core ETF**

Schedule of Investments

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **EXCHANGE-TRADED FUNDS — 99.1%** | **EXCHANGE-TRADED FUNDS — 99.1%** | **EXCHANGE-TRADED FUNDS — 99.1%** |
| **Commodities — 0.0%** | **Commodities — 0.0%** | **Commodities — 0.0%** |
| &nbsp;&nbsp;&nbsp;iShares Gold Trust\* | 10 | $620 |
| **Domestic Equity — 99.1%** | **Domestic Equity — 99.1%** | **Domestic Equity — 99.1%** |
| &nbsp;&nbsp;&nbsp;AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF\* | 8 | 267 |
| &nbsp;&nbsp;&nbsp;AllianzIM U.S. Large Cap 6 Month Buffer10 Feb/Aug ETF\* | 17 | 513 |
| &nbsp;&nbsp;&nbsp;AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF\* | 12 | 389 |
| &nbsp;&nbsp;&nbsp;AllianzIM U.S. Large Cap 6 Month Buffer10 Jun/Dec ETF\* | 20 | 555 |
| &nbsp;&nbsp;&nbsp;Avantis U.S. Equity ETF | 15 | 1547 |
| &nbsp;&nbsp;&nbsp;Avantis U.S. Large Cap Value ETF | 18 | 1249 |
| &nbsp;&nbsp;&nbsp;BlackRock U.S. Equity Factor Rotation ETF | 20 | 1120 |
| &nbsp;&nbsp;&nbsp;Capital Group Dividend Value ETF | 24 | 974 |
| &nbsp;&nbsp;&nbsp;Capital Group Growth ETF | 21 | 876 |
| &nbsp;&nbsp;&nbsp;Dimensional US Core Equity 1 ETF | 21 | 1436 |
| &nbsp;&nbsp;&nbsp;Dimensional US Core Equity 2 ETF | 20 | 733 |
| &nbsp;&nbsp;&nbsp;Dimensional US Core Equity Market ETF | 27 | 1170 |
| &nbsp;&nbsp;&nbsp;Dimensional US Large Cap Value ETF | 6 | 188 |
| &nbsp;&nbsp;&nbsp;Energy Select Sector SPDR Fund | 17 | 1483 |
| &nbsp;&nbsp;&nbsp;Fidelity High Dividend ETF | 21 | 1124 |
| &nbsp;&nbsp;&nbsp;Financial Select Sector SPDR Fund | 13 | 681 |
| &nbsp;&nbsp;&nbsp;First Trust Capital Strength ETF | 3 | 273 |
| &nbsp;&nbsp;&nbsp;First Trust Dorsey Wright Focus 5 ETF | 15 | 910 |
| &nbsp;&nbsp;&nbsp;First Trust Morningstar Dividend Leaders Index Fund | 10 | 423 |
| &nbsp;&nbsp;&nbsp;First Trust North American Energy Infrastructure Fund | 15 | 574 |
| &nbsp;&nbsp;&nbsp;First Trust Value Line Dividend Index Fund | 9 | 404 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 22 | 2730 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Domestic Equity (continued)** | **Domestic Equity (continued)** | **Domestic Equity (continued)** |
| &nbsp;&nbsp;&nbsp;Innovator Equity Managed Floor ETF | 9 | $309 |
| &nbsp;&nbsp;&nbsp;Innovator U.S. Equity Power Buffer ETF - November\* | 10 | 400 |
| &nbsp;&nbsp;&nbsp;Invesco FTSE RAFI US 1000 ETF | 945 | 40257 |
| &nbsp;&nbsp;&nbsp;Invesco High Yield Equity Dividend Achievers ETF | 18 | 370 |
| &nbsp;&nbsp;&nbsp;Invesco NASDAQ 100 ETF | 91 | 21164 |
| &nbsp;&nbsp;&nbsp;Invesco QQQ Trust, Series 1 | 75 | 42376 |
| &nbsp;&nbsp;&nbsp;Invesco S&P 500 Equal Weight ETF | 10 | 1836 |
| &nbsp;&nbsp;&nbsp;Invesco S&P 500 Equal Weight Health Care ETF | 5 | 140 |
| &nbsp;&nbsp;&nbsp;Invesco S&P 500 Quality ETF | 11 | 785 |
| &nbsp;&nbsp;&nbsp;Invesco S&P SmallCap Consumer Staples ETF | 16 | 555 |
| &nbsp;&nbsp;&nbsp;iShares Core Dividend Growth ETF | 22 | 1422 |
| &nbsp;&nbsp;&nbsp;iShares Core S&P 500 ETF | 7 | 4444 |
| &nbsp;&nbsp;&nbsp;iShares Core S&P Mid-Cap ETF | 9 | 567 |
| &nbsp;&nbsp;&nbsp;iShares Core S&P Small-Cap ETF | 19 | 2095 |
| &nbsp;&nbsp;&nbsp;iShares Core S&P Total U.S. Stock Market ETF | 12 | 1657 |
| &nbsp;&nbsp;&nbsp;iShares Core S&P U.S. Value ETF | 23 | 2194 |
| &nbsp;&nbsp;&nbsp;iShares ESG Aware MSCI USA ETF | 12 | 1659 |
| &nbsp;&nbsp;&nbsp;iShares Expanded Tech-Software Sector ETF\* | 14 | 1563 |
| &nbsp;&nbsp;&nbsp;iShares Morningstar Growth ETF | 3 | 301 |
| &nbsp;&nbsp;&nbsp;iShares Morningstar U.S. Equity ETF | 437777 | 38390723 |
| &nbsp;&nbsp;&nbsp;iShares MSCI USA Momentum Factor ETF | 10 | 2413 |
| &nbsp;&nbsp;&nbsp;iShares MSCI USA Quality Factor ETF | 18 | 3314 |
| &nbsp;&nbsp;&nbsp;iShares Russell 1000 ETF | 16 | 5558 |
| &nbsp;&nbsp;&nbsp;iShares Russell 1000 Growth ETF | 25 | 11010 |
| &nbsp;&nbsp;&nbsp;iShares Russell 1000 Value ETF | 13 | 2541 |
| &nbsp;&nbsp;&nbsp;iShares Russell 2000 ETF | 19 | 4168 |
| &nbsp;&nbsp;&nbsp;iShares Russell 2500 ETF | 8 | 552 |
| &nbsp;&nbsp;&nbsp;iShares Russell Mid-Cap Growth ETF | 16 | 2263 |
| &nbsp;&nbsp;&nbsp;iShares S&P 100 ETF | 22 | 6898 |
| &nbsp;&nbsp;&nbsp;iShares S&P 500 Growth ETF | 25 | 2848 |

---

**Bluemonte**

**Large Cap Core ETF**

Schedule of Investments

July 31, 2025 (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Domestic Equity (continued)** | **Domestic Equity (continued)** | **Domestic Equity (continued)** |
| &nbsp;&nbsp;&nbsp;iShares S&P 500 Value ETF | 26 | $5122 |
| &nbsp;&nbsp;&nbsp;iShares S&P Mid-Cap 400 Growth ETF | 22 | 2047 |
| &nbsp;&nbsp;&nbsp;iShares U.S. Insurance ETF | 6 | 765 |
| &nbsp;&nbsp;&nbsp;iShares U.S. Tech Breakthrough Multisector ETF | 19 | 1098 |
| &nbsp;&nbsp;&nbsp;iShares U.S. Technology ETF | 13 | 2357 |
| &nbsp;&nbsp;&nbsp;LHA Market State Tactical Beta ETF | 8 | 303 |
| &nbsp;&nbsp;&nbsp;ProShares S&P 500 Dividend Aristocrats ETF | 17 | 1730 |
| &nbsp;&nbsp;&nbsp;Real Estate Select Sector SPDR Fund | 20 | 828 |
| &nbsp;&nbsp;&nbsp;Schwab 1000 Index ETF | 11 | 336 |
| &nbsp;&nbsp;&nbsp;Schwab U.S. Broad Market ETF | 15 | 366 |
| &nbsp;&nbsp;&nbsp;Schwab U.S. Dividend Equity ETF | 256 | 6784 |
| &nbsp;&nbsp;&nbsp;Schwab U.S. Large-Cap ETF | 5 | 125 |
| &nbsp;&nbsp;&nbsp;Schwab U.S. Large-Cap Growth ETF | 37 | 1118 |
| &nbsp;&nbsp;&nbsp;Schwab U.S. Large-Cap Value ETF | 25 | 696 |
| &nbsp;&nbsp;&nbsp;Schwab U.S. Mid-Cap ETF | 30 | 857 |
| &nbsp;&nbsp;&nbsp;Schwab U.S. REIT ETF | 10 | 209 |
| &nbsp;&nbsp;&nbsp;Schwab U.S. Small-Cap ETF | 14 | 361 |
| &nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 1500 Composite Stock Market ETF | 23 | 1760 |
| &nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 400 Mid Cap ETF | 22 | 1216 |
| &nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 500 ETF† | 1043516 | 77574979 |
| &nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 500 Growth ETF | 53 | 5224 |
| &nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 500 Value ETF | 30 | 1585 |
| &nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 600 Small Cap ETF | 20 | 860 |
| &nbsp;&nbsp;&nbsp;SPDR S&P 600 Small Cap Growth ETF | 11 | 981 |
| &nbsp;&nbsp;&nbsp;SPDR S&P 600 Small Cap Value ETF | 8 | 647 |
| &nbsp;&nbsp;&nbsp;SPDR S&P Dividend ETF | 9 | 1233 |
| &nbsp;&nbsp;&nbsp;Technology Select Sector SPDR Fund | 9 | 2365 |
| &nbsp;&nbsp;&nbsp;VanEck Morningstar Wide Moat ETF | 18 | 1743 |
| &nbsp;&nbsp;&nbsp;Vanguard Dividend Appreciation ETF | 13 | 2679 |
| &nbsp;&nbsp;&nbsp;Vanguard Growth ETF† | 151980 | 69178256 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Domestic Equity (continued)** | **Domestic Equity (continued)** | **Domestic Equity (continued)** |
| &nbsp;&nbsp;&nbsp;Vanguard High Dividend Yield ETF | 23 | 3085 |
| &nbsp;&nbsp;&nbsp;Vanguard Mid-Cap ETF | 7 | 2002 |
| &nbsp;&nbsp;&nbsp;Vanguard Mid-Cap Growth ETF | 10 | 2912 |
| &nbsp;&nbsp;&nbsp;Vanguard Mid-Cap Value ETF | 18 | 3012 |
| &nbsp;&nbsp;&nbsp;Vanguard Real Estate ETF | 39 | 3476 |
| &nbsp;&nbsp;&nbsp;Vanguard Russell 1000 Growth ETF | 20 | 2268 |
| &nbsp;&nbsp;&nbsp;Vanguard Russell 1000 Value ETF | 16 | 1373 |
| &nbsp;&nbsp;&nbsp;Vanguard S&P 500 ETF | 22 | 12782 |
| &nbsp;&nbsp;&nbsp;Vanguard Small-Cap ETF | 18 | 4348 |
| &nbsp;&nbsp;&nbsp;Vanguard Total Stock Market ETF | 19 | 5907 |
| &nbsp;&nbsp;&nbsp;Vanguard Value ETF | 52479 | 9290882 |
| &nbsp;&nbsp;&nbsp;WisdomTree U.S. Quality Dividend Growth Fund | 3 | 255 |
| &nbsp;&nbsp;&nbsp;WisdomTree U.S. SmallCap Fund | 15 | 773 |
|  |  | 194707706 |
| **Domestic Fixed Income — 0.0%** | **Domestic Fixed Income — 0.0%** | **Domestic Fixed Income — 0.0%** |
| &nbsp;&nbsp;&nbsp;BlackRock Flexible Income ETF | 180 | 9493 |
| &nbsp;&nbsp;&nbsp;Dimensional Core Fixed Income ETF | 203 | 8541 |
| &nbsp;&nbsp;&nbsp;First Trust Preferred Securities and Income ETF | 14 | 251 |
|  |  | 18285 |
| **International Equity — 0.0%** | **International Equity — 0.0%** | **International Equity — 0.0%** |
| &nbsp;&nbsp;&nbsp;Capital Group International Focus Equity ETF | 20 | 534 |
| &nbsp;&nbsp;&nbsp;Capital Group New Geography Equity ETF | 13 | 371 |
| &nbsp;&nbsp;&nbsp;Dimensional Emerging Markets Core Equity 2 ETF | 10 | 299 |
| &nbsp;&nbsp;&nbsp;Dimensional Global Real Estate ETF | 13 | 345 |
| &nbsp;&nbsp;&nbsp;Dimensional International Core Equity 2 ETF | 22 | 677 |
| &nbsp;&nbsp;&nbsp;Dimensional World ex US Core Equity 2 ETF | 41 | 1201 |
| &nbsp;&nbsp;&nbsp;Franklin International Core Dividend Tilt Index ETF | 22 | 772 |
| &nbsp;&nbsp;&nbsp;iShares Core MSCI EAFE ETF | 28 | 2292 |
| &nbsp;&nbsp;&nbsp;iShares Core MSCI Emerging Markets ETF | 24 | 1448 |
| &nbsp;&nbsp;&nbsp;iShares Currency Hedged MSCI EAFE ETF | 3 | 114 |

---

**Bluemonte**

**Large Cap Core ETF**

Schedule of Investments

July 31, 2025 (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **International Equity (continued)** | **International Equity (continued)** | **International Equity (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Exponential Technologies ETF | 9 | $594 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI ACWI ex U.S. ETF | 1 | 60 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI EAFE ETF | 5 | 438 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI EAFE Growth ETF | 21 | 2257 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI EAFE Value ETF | 18 | 1140 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI Emerging Markets ex China ETF | 11 | 691 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI World ETF | 24 | 4106 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab Emerging Markets Equity ETF | 17 | 517 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab International Equity ETF | 32 | 697 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio Developed World ex-US ETF | 55 | 2196 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio Emerging Markets ETF | 19 | 817 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR S&P Kensho New Economies Composite ETF | 5 | 279 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard FTSE All-World ex-US ETF | 17 | 1132 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard FTSE Developed Markets ETF | 26 | 1462 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard FTSE Emerging Markets ETF | 12 | 598 |
| &nbsp;&nbsp;&nbsp;&nbsp;WisdomTree International MidCap Dividend Fund | 14 | 1040 |
|  |  | 26077 |
| Total Exchange-Traded Funds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cost $188,743,036) |  | 194752688 |
| **COMMON STOCK — 0.1%** |  |  |
| **Communication Services — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Cl A | 11 | 2111 |
| &nbsp;&nbsp;&nbsp;&nbsp;AT&T | 17 | 466 |
| &nbsp;&nbsp;&nbsp;&nbsp;Comcast, Cl A | 18 | 598 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lumen Technologies\* | 10 | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 20 | 15468 |
| &nbsp;&nbsp;&nbsp;&nbsp;Verizon Communications | 7 | 299 |
| &nbsp;&nbsp;&nbsp;&nbsp;Walt Disney | 10 | 1191 |
| &nbsp;&nbsp;&nbsp;&nbsp;Warner Bros Discovery\* | 10 | 132 |
|  |  | 20310 |
| **Consumer Discretionary — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amazon.com\* | 8 | 1873 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home Depot | 4 | 1470 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lowe's | 15 | 3353 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Consumer Discretionary — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Service Corp International | 16 | $1221 |
| &nbsp;&nbsp;&nbsp;&nbsp;Starbucks | 13 | 1159 |
| &nbsp;&nbsp;&nbsp;&nbsp;TJX | 3 | 374 |
| &nbsp;&nbsp;&nbsp;&nbsp;Williams-Sonoma | 5 | 935 |
|  |  | 10385 |
| **Consumer Staples — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Altria Group | 11 | 681 |
| &nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola | 9 | 611 |
| &nbsp;&nbsp;&nbsp;&nbsp;PepsiCo | 7 | 966 |
| &nbsp;&nbsp;&nbsp;&nbsp;Procter & Gamble | 17 | 2558 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sysco | 7 | 557 |
| &nbsp;&nbsp;&nbsp;&nbsp;Walmart | 18 | 1764 |
|  |  | 7137 |
| **Energy — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Antero Midstream | 16 | 294 |
| &nbsp;&nbsp;&nbsp;&nbsp;BP ADR | 13 | 418 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chevron | 16 | 2426 |
| &nbsp;&nbsp;&nbsp;&nbsp;ConocoPhillips | 23 | 2193 |
| &nbsp;&nbsp;&nbsp;&nbsp;Exxon Mobil | 19 | 2121 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan | 22 | 617 |
| &nbsp;&nbsp;&nbsp;&nbsp;Marathon Petroleum | 16 | 2723 |
| &nbsp;&nbsp;&nbsp;&nbsp;Phillips 66 | 10 | 1236 |
| &nbsp;&nbsp;&nbsp;&nbsp;Williams | 19 | 1139 |
|  |  | 13167 |
| **Financials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Aflac | 18 | 1788 |
| &nbsp;&nbsp;&nbsp;&nbsp;Allstate | 14 | 2845 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ares Capital | 18 | 408 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of America | 7 | 331 |
| &nbsp;&nbsp;&nbsp;&nbsp;Berkshire Hathaway, Cl B\* | 14 | 6606 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chubb | 14 | 3725 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fifth Third Bancorp | 17 | 707 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gladstone Investment | 7 | 97 |
| &nbsp;&nbsp;&nbsp;&nbsp;Globe Life | 19 | 2669 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group | 14 | 10130 |
| &nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase | 17 | 5036 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mizuho Financial Group ADR | 16 | 95 |
| &nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley | 15 | 2137 |
| &nbsp;&nbsp;&nbsp;&nbsp;Regions Financial | 16 | 405 |
| &nbsp;&nbsp;&nbsp;&nbsp;ServisFirst Bancshares | 5 | 393 |
| &nbsp;&nbsp;&nbsp;&nbsp;SoFi Technologies\* | 20 | 452 |
| &nbsp;&nbsp;&nbsp;&nbsp;Visa, Cl A | 13 | 4491 |
|  |  | 42315 |
| **Health Care — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Abbott Laboratories | 17 | 2145 |
| &nbsp;&nbsp;&nbsp;&nbsp;AbbVie | 26 | 4915 |
| &nbsp;&nbsp;&nbsp;&nbsp;CVS Health | 35 | 2173 |

---

**Bluemonte**

**Large Cap Core ETF**

Schedule of Investments

July 31, 2025 (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Health Care — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Johnson & Johnson | 14 | $2306 |
| &nbsp;&nbsp;&nbsp;&nbsp;Merck | 21 | 1641 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pfizer | 7 | 163 |
|  |  | 13343 |
| **Industrials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Canadian Pacific Kansas City | 9 | 662 |
| &nbsp;&nbsp;&nbsp;&nbsp;Carrier Global | 4 | 274 |
| &nbsp;&nbsp;&nbsp;&nbsp;Copart\* | 11 | 499 |
| &nbsp;&nbsp;&nbsp;&nbsp;Covenant Logistics Group, Cl A | 5 | 121 |
| &nbsp;&nbsp;&nbsp;&nbsp;CSX | 16 | 569 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eaton | 4 | 1539 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hertz Global Holdings\* | 17 | 109 |
| &nbsp;&nbsp;&nbsp;&nbsp;Paychex | 17 | 2454 |
| &nbsp;&nbsp;&nbsp;&nbsp;Republic Services, Cl A | 11 | 2537 |
| &nbsp;&nbsp;&nbsp;&nbsp;RTX | 23 | 3624 |
| &nbsp;&nbsp;&nbsp;&nbsp;Union Pacific | 20 | 4439 |
| &nbsp;&nbsp;&nbsp;&nbsp;Waste Management | 20 | 4583 |
|  |  | 21410 |
| **Information Technology — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accenture PLC, Cl A | 70 | 18697 |
| &nbsp;&nbsp;&nbsp;&nbsp;Apple | 15 | 3114 |
| &nbsp;&nbsp;&nbsp;&nbsp;Applied Materials | 15 | 2701 |
| &nbsp;&nbsp;&nbsp;&nbsp;Broadcom | 11 | 3231 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cisco Systems | 4 | 272 |
| &nbsp;&nbsp;&nbsp;&nbsp;DocuSign, Cl A\* | 15 | 1135 |
| &nbsp;&nbsp;&nbsp;&nbsp;International Business Machines | 10 | 2532 |
| &nbsp;&nbsp;&nbsp;&nbsp;Microsoft | 17 | 9069 |
| &nbsp;&nbsp;&nbsp;&nbsp;NVIDIA | 6 | 1067 |
| &nbsp;&nbsp;&nbsp;&nbsp;Oracle | 19 | 4822 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pure Storage, Cl A\* | 14 | 833 |
| &nbsp;&nbsp;&nbsp;&nbsp;QUALCOMM | 26 | 3816 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing ADR | 17 | 4107 |
| &nbsp;&nbsp;&nbsp;&nbsp;Texas Instruments | 21 | 3802 |
|  |  | 59198 |
| **Materials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dow | 41 | 955 |
| &nbsp;&nbsp;&nbsp;&nbsp;Freeport-McMoRan, Cl B | 12 | 483 |
| &nbsp;&nbsp;&nbsp;&nbsp;Graphic Packaging Holding | 15 | 336 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hecla Mining | 5 | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;Newmont | 13 | 807 |
| &nbsp;&nbsp;&nbsp;&nbsp;Packaging Corp of America | 23 | 4456 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pan American Silver | 21 | 567 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wheaton Precious Metals | 12 | 1098 |
|  |  | 8731 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Real Estate — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Iron Mountain<sup>‡</sup> | 19 | $1850 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realty Income<sup>‡</sup> | 8 | 449 |
| &nbsp;&nbsp;&nbsp;&nbsp;STAG Industrial<sup>‡</sup> | 12 | 412 |
|  |  | 2711 |
| **Utilities — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;American Electric Power | 4 | 453 |
| &nbsp;&nbsp;&nbsp;&nbsp;Duke Energy | 21 | 2554 |
| &nbsp;&nbsp;&nbsp;&nbsp;NextEra Energy | 54 | 3837 |
| &nbsp;&nbsp;&nbsp;&nbsp;Public Service Enterprise Group | 19 | 1706 |
| &nbsp;&nbsp;&nbsp;&nbsp;Southern | 18 | 1701 |
| &nbsp;&nbsp;&nbsp;&nbsp;WEC Energy Group | 18 | 1963 |
| &nbsp;&nbsp;&nbsp;&nbsp;Xcel Energy | 11 | 808 |
|  |  | 13022 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cost $159,818) |  | 211729 |
| **CLOSED-END FUNDS — 0.0%** | **CLOSED-END FUNDS — 0.0%** | **CLOSED-END FUNDS — 0.0%** |
| **Domestic Equity — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BlackRock Science and Technology Term Trust | 4 | 85 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eaton Vance Enhanced Equity Income Fund | 14 | 294 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eaton Vance Tax-Managed Diversified Equity Income Fund | 16 | 251 |
|  |  | 630 |
| **Domestic Fixed Income — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cohen & Steers REIT and Preferred and Income Fund | 15 | 334 |
| &nbsp;&nbsp;&nbsp;&nbsp;DNP Select Income Fund | 161 | 1576 |
| &nbsp;&nbsp;&nbsp;&nbsp;FS Credit Opportunities Corp. | 11 | 82 |
|  |  | 1992 |
| Total Closed-End Funds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cost $2,359) |  | 2622 |
| **PREFERRED STOCK — 0.0%** | **PREFERRED STOCK — 0.0%** | **PREFERRED STOCK — 0.0%** |
| **Financials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group, 5.232% | 19 | 399 |
| &nbsp;&nbsp;&nbsp;&nbsp;MetLife, 5.580% | 15 | 359 |
|  |  | 758 |
| Total Preferred Stock |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cost $712) |  | 758 |
| Total Investments - 99.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cost $188,905,925) |  | $194967797 |

---

**Bluemonte**

**Large Cap Core ETF**

Schedule of Investments

July 31, 2025 (Unaudited) (Concluded)

Percentages are based on Net Assets of $196,465,665.

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| † | Represents greater than 25% of the Fund's total investments. For further financial information, please go to the Securities Exchange Commission's website at https://www.sec.gov. |
| ‡ | Real Estate Investment Trust. |

---

ACWI — All Country World Index

ADR — American Depositary Receipt

Cl — Class

EAFE — Europe, Australasia and the Far East

ESG — Environmental, Social and Governance

ETF — Exchange-Traded Fund

FTSE — Financial Times Stock Exchange

NASDAQ — National Association of Securities Dealers Automated Quotations

PLC — Public Limited Company

REIT — Real Estate Investment Trust

S&P— Standard & Poor's

SPDR — Standard & Poor's Depositary Receipts

BLU-QH-001-0100

**Bluemonte**

**Large Cap Growth ETF**

Schedule of Investments

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **EXCHANGE-TRADED FUNDS — 99.0%** | **EXCHANGE-TRADED FUNDS — 99.0%** | **EXCHANGE-TRADED FUNDS — 99.0%** |
| **Commodities — 0.0%** | **Commodities — 0.0%** | **Commodities — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Gold Trust\* | 17 | $1054 |
| **Domestic Equity — 99.0%** | **Domestic Equity — 99.0%** | **Domestic Equity — 99.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF\* | 14 | 468 |
| &nbsp;&nbsp;&nbsp;&nbsp;AllianzIM U.S. Large Cap 6 Month Buffer10 Feb/Aug ETF\* | 6 | 181 |
| &nbsp;&nbsp;&nbsp;&nbsp;AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF\* | 17 | 551 |
| &nbsp;&nbsp;&nbsp;&nbsp;AllianzIM U.S. Large Cap 6 Month Buffer10 Jun/Dec ETF\* | 8 | 222 |
| &nbsp;&nbsp;&nbsp;&nbsp;Avantis U.S. Equity ETF | 17 | 1753 |
| &nbsp;&nbsp;&nbsp;&nbsp;Avantis U.S. Large Cap Value ETF | 12 | 832 |
| &nbsp;&nbsp;&nbsp;&nbsp;BlackRock U.S. Equity Factor Rotation ETF | 26 | 1456 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital Group Dividend Value ETF | 15 | 609 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital Group Growth ETF | 44 | 1836 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional US Core Equity 1 ETF | 11 | 752 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional US Core Equity 2 ETF | 34 | 1246 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional US Core Equity Market ETF | 19 | 823 |
| &nbsp;&nbsp;&nbsp;&nbsp;Energy Select Sector SPDR Fund | 12 | 1047 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fidelity High Dividend ETF | 9 | 482 |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial Select Sector SPDR Fund | 15 | 786 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Capital Strength ETF | 12 | 1090 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Dorsey Wright Focus 5 ETF | 12 | 728 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Morningstar Dividend Leaders Index Fund | 11 | 465 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Value Line Dividend Index Fund | 16 | 719 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 14 | 1737 |
| &nbsp;&nbsp;&nbsp;&nbsp;Innovator Equity Managed Floor ETF | 7 | 241 |
| &nbsp;&nbsp;&nbsp;&nbsp;Innovator U.S. Equity Power Buffer ETF - November\* | 17 | 681 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Domestic Equity (continued)** | **Domestic Equity (continued)** | **Domestic Equity (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco FTSE RAFI US 1000 ETF | 73 | $3110 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco High Yield Equity Dividend Achievers ETF | 11 | 226 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco NASDAQ 100 ETF | 18 | 4186 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco QQQ Trust, Series 1 | 14 | 7910 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco S&P 500 Equal Weight ETF | 15 | 2754 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco S&P 500 Equal Weight Health Care ETF | 14 | 391 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco S&P 500 Quality ETF | 10 | 714 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco S&P SmallCap Consumer Staples ETF | 5 | 174 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core S&P 500 ETF | 16 | 10158 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core S&P Mid-Cap ETF | 18 | 1135 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core S&P Small-Cap ETF | 13 | 1434 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core S&P Total U.S. Stock Market ETF | 5 | 691 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares ESG Aware MSCI USA ETF | 5 | 691 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Expanded Tech-Software Sector ETF\* | 6 | 670 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Morningstar Growth ETF | 15 | 1506 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI USA Momentum Factor ETF | 8 | 1930 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI USA Quality Factor ETF | 18 | 3314 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Russell 1000 ETF | 11 | 3821 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Russell 1000 Growth ETF | 9 | 3964 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Russell 1000 Value ETF | 14 | 2736 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Russell 2000 ETF | 9 | 1974 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Russell 2500 ETF | 16 | 1104 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Russell Mid-Cap Growth ETF | 7 | 990 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares S&P 100 ETF | 7 | 2195 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares S&P 500 Growth ETF | 21 | 2392 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares S&P 500 Value ETF | 14 | 2758 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares S&P Mid-Cap 400 Growth ETF | 10 | 930 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares U.S. Tech Breakthrough Multisector ETF | 20 | 1156 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares U.S. Technology ETF | 15 | 2720 |
| &nbsp;&nbsp;&nbsp;&nbsp;LHA Market State Tactical Beta ETF | 8 | 303 |
| &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Select Sector SPDR Fund | 15 | 621 |

---

**Bluemonte**

**Large Cap Growth ETF**

Schedule of Investments

July 31, 2025 (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Domestic Equity (continued)** | **Domestic Equity (continued)** | **Domestic Equity (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab 1000 Index ETF | 11 | $336 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Broad Market ETF | 13 | 317 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Dividend Equity ETF | 57 | 1510 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Large-Cap ETF | 14 | 351 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Large-Cap Growth ETF† | 1458224 | 44067529 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Large-Cap Value ETF | 34 | 946 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Mid-Cap ETF | 24 | 686 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. REIT ETF | 11 | 230 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Small-Cap ETF | 16 | 412 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 1500 Composite Stock Market ETF | 28 | 2142 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 400 Mid Cap ETF | 36 | 1989 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 500 ETF | 201395 | 14971704 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 500 Growth ETF† | 871488 | 85893857 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 500 Value ETF | 52 | 2747 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 600 Small Cap ETF | 23 | 989 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR S&P 600 Small Cap Growth ETF | 10 | 892 |
| &nbsp;&nbsp;&nbsp;&nbsp;Technology Select Sector SPDR Fund | 10 | 2627 |
| &nbsp;&nbsp;&nbsp;&nbsp;VanEck Morningstar Wide Moat ETF | 14 | 1355 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Dividend Appreciation ETF | 12 | 2473 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Growth ETF | 15 | 6828 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Mid-Cap ETF | 7 | 2002 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Mid-Cap Growth ETF | 7 | 2038 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Russell 1000 Growth ETF | 194094 | 22012201 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Russell 1000 Value ETF | 8 | 686 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard S&P 500 ETF | 8 | 4648 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Small-Cap ETF | 20 | 4831 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Total Stock Market ETF | 10 | 3109 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Value ETF | 16 | 2833 |
| &nbsp;&nbsp;&nbsp;&nbsp;WisdomTree U.S. Quality Dividend Growth Fund | 12 | 1022 |
| &nbsp;&nbsp;&nbsp;&nbsp;WisdomTree U.S. SmallCap Fund | 4 | 206 |
|  |  | 167080859 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Domestic Fixed Income — 0.0%** | **Domestic Fixed Income — 0.0%** | **Domestic Fixed Income — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;BlackRock Flexible Income ETF | 18 | $949 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional Core Fixed Income ETF | 20 | 842 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Preferred Securities and Income ETF | 16 | 287 |
|  |  | 2078 |
| **International Equity — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital Group International Focus Equity ETF | 9 | 240 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital Group New Geography Equity ETF | 22 | 629 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional Emerging Markets Core Equity 2 ETF | 16 | 479 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional Global Real Estate ETF | 18 | 477 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional International Core Equity 2 ETF | 15 | 462 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional World ex US Core Equity 2 ETF | 54 | 1582 |
| &nbsp;&nbsp;&nbsp;&nbsp;Franklin International Core Dividend Tilt Index ETF | 10 | 351 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core MSCI EAFE ETF | 40 | 3275 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core MSCI Emerging Markets ETF | 13 | 784 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Currency Hedged MSCI EAFE ETF | 2 | 76 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Exponential Technologies ETF | 11 | 725 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI ACWI ex U.S. ETF | 11 | 663 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI EAFE ETF | 16 | 1400 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI EAFE Growth ETF | 14 | 1505 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI EAFE Value ETF | 15 | 950 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI Emerging Markets ex China ETF | 15 | 942 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI World ETF | 6 | 1026 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab Emerging Markets Equity ETF | 14 | 426 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab International Equity ETF | 30 | 654 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio Developed World ex-US ETF | 75 | 2994 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio Emerging Markets ETF | 28 | 1204 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR S&P Kensho New Economies Composite ETF | 14 | 781 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard FTSE All-World ex-US ETF | 8 | 533 |

---

**Bluemonte**

**Large Cap Growth ETF**

Schedule of Investments

July 31, 2025 (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **International Equity (continued)** | **International Equity (continued)** | **International Equity (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard FTSE Developed Markets ETF | 15 | $843 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard FTSE Emerging Markets ETF | 6 | 299 |
| &nbsp;&nbsp;&nbsp;&nbsp;WisdomTree International MidCap Dividend Fund | 18 | 1338 |
|  |  | 24638 |
| Total Exchange-Traded Funds<br> (Cost $155,707,877) |  | 167108629 |
| **COMMON STOCK — 0.0%** |  |  |
| **Communication Services — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Cl A | 13 | 2495 |
| &nbsp;&nbsp;&nbsp;&nbsp;AT&T | 24 | 658 |
| &nbsp;&nbsp;&nbsp;&nbsp;Comcast, Cl A | 14 | 465 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lumen Technologies\* | 12 | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 12 | 9281 |
| &nbsp;&nbsp;&nbsp;&nbsp;Verizon Communications | 7 | 299 |
| &nbsp;&nbsp;&nbsp;&nbsp;Warner Bros Discovery\* | 9 | 118 |
|  |  | 13370 |
| **Consumer Discretionary — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amazon.com\* | 11 | 2575 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home Depot | 13 | 4778 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lowe's | 6 | 1341 |
| &nbsp;&nbsp;&nbsp;&nbsp;Service Corp International | 18 | 1374 |
| &nbsp;&nbsp;&nbsp;&nbsp;TJX | 21 | 2615 |
| &nbsp;&nbsp;&nbsp;&nbsp;Williams-Sonoma | 16 | 2993 |
|  |  | 15676 |
| **Consumer Staples — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Altria Group | 6 | 372 |
| &nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola | 8 | 543 |
| &nbsp;&nbsp;&nbsp;&nbsp;PepsiCo | 8 | 1103 |
| &nbsp;&nbsp;&nbsp;&nbsp;Procter & Gamble | 11 | 1655 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sysco | 15 | 1194 |
| &nbsp;&nbsp;&nbsp;&nbsp;Walmart | 10 | 980 |
|  |  | 5847 |
| **Energy — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BP ADR | 6 | 193 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chevron | 11 | 1668 |
| &nbsp;&nbsp;&nbsp;&nbsp;Exxon Mobil | 4 | 447 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan | 2 | 56 |
| &nbsp;&nbsp;&nbsp;&nbsp;Marathon Petroleum | 13 | 2212 |
| &nbsp;&nbsp;&nbsp;&nbsp;Williams | 8 | 480 |
|  |  | 5056 |
| **Financials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Aflac | 13 | 1292 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of America | 4 | 189 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Financials — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chubb | 7 | $1862 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fifth Third Bancorp | 6 | 249 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gladstone Investment | 12 | 167 |
| &nbsp;&nbsp;&nbsp;&nbsp;Globe Life | 4 | 562 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group | 3 | 2171 |
| &nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase | 16 | 4740 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mizuho Financial Group ADR | 17 | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley | 13 | 1852 |
| &nbsp;&nbsp;&nbsp;&nbsp;Regions Financial | 17 | 431 |
| &nbsp;&nbsp;&nbsp;&nbsp;ServisFirst Bancshares | 3 | 236 |
| &nbsp;&nbsp;&nbsp;&nbsp;SoFi Technologies\* | 11 | 248 |
| &nbsp;&nbsp;&nbsp;&nbsp;Visa, Cl A | 15 | 5182 |
|  |  | 19281 |
| **Health Care — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Abbott Laboratories | 9 | 1136 |
| &nbsp;&nbsp;&nbsp;&nbsp;AbbVie | 7 | 1323 |
| &nbsp;&nbsp;&nbsp;&nbsp;CVS Health | 48 | 2981 |
| &nbsp;&nbsp;&nbsp;&nbsp;Johnson & Johnson | 8 | 1318 |
| &nbsp;&nbsp;&nbsp;&nbsp;Merck | 20 | 1562 |
|  |  | 8320 |
| **Industrials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Copart\* | 11 | 499 |
| &nbsp;&nbsp;&nbsp;&nbsp;Covenant Logistics Group, Cl A | 14 | 338 |
| &nbsp;&nbsp;&nbsp;&nbsp;CSX | 13 | 462 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eaton | 13 | 5001 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hertz Global Holdings\* | 19 | 122 |
| &nbsp;&nbsp;&nbsp;&nbsp;Paychex | 4 | 577 |
| &nbsp;&nbsp;&nbsp;&nbsp;Republic Services, Cl A | 9 | 2076 |
| &nbsp;&nbsp;&nbsp;&nbsp;RTX | 6 | 946 |
| &nbsp;&nbsp;&nbsp;&nbsp;Waste Management | 8 | 1833 |
|  |  | 11854 |
| **Information Technology — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Apple | 17 | 3529 |
| &nbsp;&nbsp;&nbsp;&nbsp;Applied Materials | 10 | 1800 |
| &nbsp;&nbsp;&nbsp;&nbsp;Broadcom | 11 | 3231 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cisco Systems | 9 | 613 |
| &nbsp;&nbsp;&nbsp;&nbsp;International Business Machines | 10 | 2532 |
| &nbsp;&nbsp;&nbsp;&nbsp;Microsoft | 11 | 5868 |
| &nbsp;&nbsp;&nbsp;&nbsp;NVIDIA | 23 | 4091 |
| &nbsp;&nbsp;&nbsp;&nbsp;Oracle | 9 | 2284 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pure Storage, Cl A\* | 14 | 833 |
| &nbsp;&nbsp;&nbsp;&nbsp;QUALCOMM | 8 | 1174 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing ADR | 11 | 2658 |

---

**Bluemonte**

**Large Cap Growth ETF**

Schedule of Investments

July 31, 2025 (Unaudited) (Concluded)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Information Technology — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Texas Instruments | 16 | $2897 |
|  |  | 31510 |
| **Materials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dow | 73 | 1700 |
| &nbsp;&nbsp;&nbsp;&nbsp;Graphic Packaging Holding | 17 | 380 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hecla Mining | 14 | 80 |
| &nbsp;&nbsp;&nbsp;&nbsp;Newmont | 6 | 373 |
| &nbsp;&nbsp;&nbsp;&nbsp;Packaging Corp of America | 9 | 1744 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pan American Silver | 4 | 108 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wheaton Precious Metals | 9 | 823 |
|  |  | 5208 |
| **Real Estate — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Iron Mountain<sup>‡</sup> | 10 | 974 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realty Income<sup>‡</sup> | 17 | 954 |
|  |  | 1928 |
| **Utilities — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;American Electric Power | 3 | 339 |
| &nbsp;&nbsp;&nbsp;&nbsp;Duke Energy | 9 | 1095 |
| &nbsp;&nbsp;&nbsp;&nbsp;NextEra Energy | 27 | 1919 |
| &nbsp;&nbsp;&nbsp;&nbsp;Southern | 24 | 2267 |
| &nbsp;&nbsp;&nbsp;&nbsp;WEC Energy Group | 5 | 545 |
| &nbsp;&nbsp;&nbsp;&nbsp;Xcel Energy | 6 | 441 |
|  |  | 6606 |
| Total Common Stock<br> (Cost $90,406) |  | 124656 |
| **CLOSED-END FUNDS — 0.0%** |  |  |
| **Domestic Equity — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BlackRock Science and Technology Term Trust | 5 | 106 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eaton Vance Enhanced Equity Income Fund | 12 | 252 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eaton Vance Tax-Managed Diversified Equity Income Fund | 15 | 235 |
|  |  | 593 |
| **Domestic Fixed Income — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;DNP Select Income Fund | 9 | 88 |
| &nbsp;&nbsp;&nbsp;&nbsp;FS Credit Opportunities Corp. | 11 | 82 |
|  |  | 170 |
| Total Closed-End Funds<br> (Cost $585) |  | 763 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **PREFERRED STOCK — 0.0%** | **PREFERRED STOCK — 0.0%** | **PREFERRED STOCK — 0.0%** |
| **Financials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;MetLife, 5.580% | 10 | $239 |
| Total Preferred Stock<br> (Cost $227) |  | 239 |
| Total Investments - 99.0%<br> (Cost $155,799,095) |  | $167234287 |

---

Percentages are based on Net Assets of $168,840,264.

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| † | Represents greater than 25% of the Fund's total investments. For further financial information, please go to the Securities Exchange Commission's website at https://www.sec.gov. |
| ‡ | Real Estate Investment Trust. |

---

ACWI — All Country World Index

ADR — American Depositary Receipt

Cl — Class

EAFE — Europe, Australasia and the Far East

ESG — Environmental, Social and Governance

ETF — Exchange-Traded Fund

FTSE — Financial Times Stock Exchange

NASDAQ — National Association of Securities Dealers Automated Quotations

REIT — Real Estate Investment Trust

S&P— Standard & Poor's

SPDR — Standard & Poor's Depositary Receipts

BLU-QH-001-0100

**Bluemonte**

**Large Cap Value ETF**

Schedule of Investments

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **EXCHANGE-TRADED FUNDS — 99.0%** | **EXCHANGE-TRADED FUNDS — 99.0%** | **EXCHANGE-TRADED FUNDS — 99.0%** |
| **Commodities — 0.0%** | **Commodities — 0.0%** | **Commodities — 0.0%** |
| &nbsp;&nbsp;&nbsp;iShares Gold Trust\* | 19 | $1178 |
| **Domestic Equity — 99.0%** | **Domestic Equity — 99.0%** | **Domestic Equity — 99.0%** |
| &nbsp;&nbsp;&nbsp;AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF\* | 19 | 635 |
| &nbsp;&nbsp;&nbsp;AllianzIM U.S. Large Cap 6 Month Buffer10 Feb/Aug ETF\* | 18 | 543 |
| &nbsp;&nbsp;&nbsp;AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF\* | 8 | 259 |
| &nbsp;&nbsp;&nbsp;AllianzIM U.S. Large Cap 6 Month Buffer10 Jun/Dec ETF\* | 20 | 555 |
| &nbsp;&nbsp;&nbsp;Avantis U.S. Equity ETF | 12 | 1237 |
| &nbsp;&nbsp;&nbsp;Avantis U.S. Large Cap Value ETF | 16 | 1110 |
| &nbsp;&nbsp;&nbsp;BlackRock U.S. Equity Factor Rotation ETF | 17 | 952 |
| &nbsp;&nbsp;&nbsp;Capital Group Dividend Value ETF | 18 | 731 |
| &nbsp;&nbsp;&nbsp;Capital Group Growth ETF | 28 | 1168 |
| &nbsp;&nbsp;&nbsp;Dimensional US Core Equity 1 ETF | 23 | 1572 |
| &nbsp;&nbsp;&nbsp;Dimensional US Core Equity 2 ETF | 17 | 623 |
| &nbsp;&nbsp;&nbsp;Dimensional US Core Equity Market ETF | 18 | 780 |
| &nbsp;&nbsp;&nbsp;Energy Select Sector SPDR Fund | 10 | 872 |
| &nbsp;&nbsp;&nbsp;Fidelity High Dividend ETF | 21 | 1124 |
| &nbsp;&nbsp;&nbsp;Financial Select Sector SPDR Fund | 10 | 524 |
| &nbsp;&nbsp;&nbsp;First Trust Capital Strength ETF | 10 | 908 |
| &nbsp;&nbsp;&nbsp;First Trust Dorsey Wright Focus 5 ETF | 6 | 364 |
| &nbsp;&nbsp;&nbsp;First Trust Morningstar Dividend Leaders Index Fund | 10 | 423 |
| &nbsp;&nbsp;&nbsp;First Trust Value Line Dividend Index Fund | 12 | 539 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 19 | 2358 |
| &nbsp;&nbsp;&nbsp;Innovator Equity Managed Floor ETF | 10 | 344 |
| &nbsp;&nbsp;&nbsp;Innovator U.S. Equity Power Buffer ETF - November\* | 19 | 761 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Domestic Equity (continued)** | **Domestic Equity (continued)** | **Domestic Equity (continued)** |
| &nbsp;&nbsp;&nbsp;Invesco FTSE RAFI US 1000 ETF | 2064 | $87926 |
| &nbsp;&nbsp;&nbsp;Invesco High Yield Equity Dividend Achievers ETF | 15 | 309 |
| &nbsp;&nbsp;&nbsp;Invesco NASDAQ 100 ETF | 14 | 3256 |
| &nbsp;&nbsp;&nbsp;Invesco QQQ Trust, Series 1 | 9 | 5085 |
| &nbsp;&nbsp;&nbsp;Invesco S&P 500 Equal Weight ETF | 14 | 2571 |
| &nbsp;&nbsp;&nbsp;Invesco S&P 500 Equal Weight Health Care ETF | 12 | 335 |
| &nbsp;&nbsp;&nbsp;Invesco S&P 500 Quality ETF | 10 | 714 |
| &nbsp;&nbsp;&nbsp;Invesco S&P SmallCap Consumer Staples ETF | 17 | 590 |
| &nbsp;&nbsp;&nbsp;iShares Core S&P 500 ETF | 18 | 11428 |
| &nbsp;&nbsp;&nbsp;iShares Core S&P Mid-Cap ETF | 10 | 630 |
| &nbsp;&nbsp;&nbsp;iShares Core S&P Small-Cap ETF | 11 | 1213 |
| &nbsp;&nbsp;&nbsp;iShares Core S&P Total U.S. Stock Market ETF | 13 | 1796 |
| &nbsp;&nbsp;&nbsp;iShares ESG Aware MSCI USA ETF | 13 | 1797 |
| &nbsp;&nbsp;&nbsp;iShares Expanded Tech-Software Sector ETF\* | 14 | 1563 |
| &nbsp;&nbsp;&nbsp;iShares Morningstar Growth ETF | 9 | 904 |
| &nbsp;&nbsp;&nbsp;iShares MSCI USA Momentum Factor ETF | 11 | 2654 |
| &nbsp;&nbsp;&nbsp;iShares MSCI USA Quality Factor ETF | 14 | 2578 |
| &nbsp;&nbsp;&nbsp;iShares Russell 1000 ETF | 14 | 4863 |
| &nbsp;&nbsp;&nbsp;iShares Russell 1000 Growth ETF | 17 | 7487 |
| &nbsp;&nbsp;&nbsp;iShares Russell 1000 Value ETF | 12 | 2345 |
| &nbsp;&nbsp;&nbsp;iShares Russell 2000 ETF | 17 | 3730 |
| &nbsp;&nbsp;&nbsp;iShares Russell 2500 ETF | 12 | 828 |
| &nbsp;&nbsp;&nbsp;iShares Russell Mid-Cap Growth ETF | 10 | 1414 |
| &nbsp;&nbsp;&nbsp;iShares S&P 100 ETF | 20 | 6271 |
| &nbsp;&nbsp;&nbsp;iShares S&P 500 Growth ETF | 15 | 1709 |
| &nbsp;&nbsp;&nbsp;iShares S&P 500 Value ETF | 14 | 2758 |
| &nbsp;&nbsp;&nbsp;iShares S&P Mid-Cap 400 Growth ETF | 13 | 1209 |
| &nbsp;&nbsp;&nbsp;iShares U.S. Tech Breakthrough Multisector ETF | 13 | 751 |
| &nbsp;&nbsp;&nbsp;iShares U.S. Technology ETF | 10 | 1813 |
| &nbsp;&nbsp;&nbsp;LHA Market State Tactical Beta ETF | 10 | 379 |
| &nbsp;&nbsp;&nbsp;Real Estate Select Sector SPDR Fund | 15 | 621 |

---

**Bluemonte**

**Large Cap Value ETF**

Schedule of Investments

July 31, 2025 (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Domestic Equity (continued)** | **Domestic Equity (continued)** | **Domestic Equity (continued)** |
| &nbsp;&nbsp;&nbsp;Schwab 1000 Index ETF | 16 | $488 |
| &nbsp;&nbsp;&nbsp;Schwab U.S. Broad Market ETF | 18 | 439 |
| &nbsp;&nbsp;&nbsp;Schwab U.S. Dividend Equity ETF | 31 | 822 |
| &nbsp;&nbsp;&nbsp;Schwab U.S. Large-Cap ETF | 12 | 301 |
| &nbsp;&nbsp;&nbsp;Schwab U.S. Large-Cap Growth ETF | 43 | 1299 |
| &nbsp;&nbsp;&nbsp;Schwab U.S. Large-Cap Value ETF† | 1685227 | 46899867 |
| &nbsp;&nbsp;&nbsp;Schwab U.S. Mid-Cap ETF | 11 | 314 |
| &nbsp;&nbsp;&nbsp;Schwab U.S. REIT ETF | 10 | 209 |
| &nbsp;&nbsp;&nbsp;Schwab U.S. Small-Cap ETF | 17 | 438 |
| &nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 1500 Composite Stock Market ETF | 18 | 1377 |
| &nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 400 Mid Cap ETF | 21 | 1160 |
| &nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 500 ETF | 334839 | 24891931 |
| &nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 500 Growth ETF | 36 | 3548 |
| &nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 500 Value ETF† | 1044331 | 55172007 |
| &nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 600 Small Cap ETF | 12 | 516 |
| &nbsp;&nbsp;&nbsp;SPDR S&P 600 Small Cap Growth ETF | 10 | 892 |
| &nbsp;&nbsp;&nbsp;Technology Select Sector SPDR Fund | 9 | 2365 |
| &nbsp;&nbsp;&nbsp;VanEck Morningstar Wide Moat ETF | 8 | 775 |
| &nbsp;&nbsp;&nbsp;Vanguard Dividend Appreciation ETF | 18 | 3709 |
| &nbsp;&nbsp;&nbsp;Vanguard Growth ETF | 17 | 7738 |
| &nbsp;&nbsp;&nbsp;Vanguard Mid-Cap ETF | 16 | 4576 |
| &nbsp;&nbsp;&nbsp;Vanguard Mid-Cap Growth ETF | 11 | 3203 |
| &nbsp;&nbsp;&nbsp;Vanguard Russell 1000 Growth ETF | 7 | 794 |
| &nbsp;&nbsp;&nbsp;Vanguard Russell 1000 Value ETF | 365988 | 31401770 |
| &nbsp;&nbsp;&nbsp;Vanguard S&P 500 ETF | 14 | 8134 |
| &nbsp;&nbsp;&nbsp;Vanguard Small-Cap ETF | 6 | 1449 |
| &nbsp;&nbsp;&nbsp;Vanguard Total Stock Market ETF | 4 | 1244 |
| &nbsp;&nbsp;&nbsp;Vanguard Value ETF | 22 | 3895 |
| &nbsp;&nbsp;&nbsp;WisdomTree U.S. Quality Dividend Growth Fund | 10 | 852 |
| &nbsp;&nbsp;&nbsp;WisdomTree U.S. SmallCap Fund | 16 | 825 |
|  |  | 158596846 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Domestic Fixed Income — 0.0%** | **Domestic Fixed Income — 0.0%** | **Domestic Fixed Income — 0.0%** |
| &nbsp;&nbsp;&nbsp;BlackRock Flexible Income ETF | 14 | $739 |
| &nbsp;&nbsp;&nbsp;Dimensional Core Fixed Income ETF | 17 | 715 |
| &nbsp;&nbsp;&nbsp;First Trust Preferred Securities and Income ETF | 11 | 197 |
|  |  | 1651 |
| **International Equity — 0.0%** | **International Equity — 0.0%** | **International Equity — 0.0%** |
| &nbsp;&nbsp;&nbsp;Capital Group International Focus Equity ETF | 18 | 480 |
| &nbsp;&nbsp;&nbsp;Capital Group New Geography Equity ETF | 20 | 572 |
| &nbsp;&nbsp;&nbsp;Dimensional Emerging Markets Core Equity 2 ETF | 7 | 210 |
| &nbsp;&nbsp;&nbsp;Dimensional Global Real Estate ETF | 3 | 80 |
| &nbsp;&nbsp;&nbsp;Dimensional International Core Equity 2 ETF | 23 | 708 |
| &nbsp;&nbsp;&nbsp;Dimensional World ex US Core Equity 2 ETF | 37 | 1084 |
| &nbsp;&nbsp;&nbsp;Franklin International Core Dividend Tilt Index ETF | 19 | 666 |
| &nbsp;&nbsp;&nbsp;iShares Core MSCI EAFE ETF | 28 | 2292 |
| &nbsp;&nbsp;&nbsp;iShares Core MSCI Emerging Markets ETF | 13 | 784 |
| &nbsp;&nbsp;&nbsp;iShares Currency Hedged MSCI EAFE ETF | 8 | 303 |
| &nbsp;&nbsp;&nbsp;iShares Exponential Technologies ETF | 15 | 989 |
| &nbsp;&nbsp;&nbsp;iShares MSCI ACWI ex U.S. ETF | 9 | 542 |
| &nbsp;&nbsp;&nbsp;iShares MSCI EAFE ETF | 10 | 875 |
| &nbsp;&nbsp;&nbsp;iShares MSCI EAFE Growth ETF | 10 | 1075 |
| &nbsp;&nbsp;&nbsp;iShares MSCI EAFE Value ETF | 15 | 950 |
| &nbsp;&nbsp;&nbsp;iShares MSCI Emerging Markets ex China ETF | 15 | 942 |
| &nbsp;&nbsp;&nbsp;iShares MSCI World ETF | 9 | 1540 |
| &nbsp;&nbsp;&nbsp;Schwab Emerging Markets Equity ETF | 5 | 152 |
| &nbsp;&nbsp;&nbsp;Schwab International Equity ETF | 30 | 654 |
| &nbsp;&nbsp;&nbsp;SPDR Portfolio Developed World ex-US ETF | 50 | 1996 |
| &nbsp;&nbsp;&nbsp;SPDR Portfolio Emerging Markets ETF | 18 | 774 |
| &nbsp;&nbsp;&nbsp;SPDR S&P Kensho New Economies Composite ETF | 16 | 893 |
| &nbsp;&nbsp;&nbsp;Vanguard FTSE All-World ex-US ETF | 16 | 1066 |

---

**Bluemonte**

**Large Cap Value ETF**

Schedule of Investments

July 31, 2025 (Unaudited) (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Fair Value | Fair Value |
| **International Equity (continued)** | **International Equity (continued)** | **International Equity (continued)** | **International Equity (continued)** |
| &nbsp;&nbsp;&nbsp;Vanguard FTSE Developed Markets ETF | 15 | $| 843 |
| &nbsp;&nbsp;&nbsp;Vanguard FTSE Emerging Markets ETF | 13 |  | 647 |
| &nbsp;&nbsp;&nbsp;WisdomTree International MidCap Dividend Fund | 3 |  | 223 |
|  |  |  | 21340 |
| Total Exchange-Traded Funds |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $157,096,322) |  |  | 158621015 |
| **COMMON STOCK — 0.1%** | **COMMON STOCK — 0.1%** | **COMMON STOCK — 0.1%** | **COMMON STOCK — 0.1%** |
| **Communication Services — 0.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl A | 16 |  | 3070 |
| &nbsp;&nbsp;&nbsp;AT&T | 23 |  | 630 |
| &nbsp;&nbsp;&nbsp;Comcast, Cl A | 8 |  | 266 |
| &nbsp;&nbsp;&nbsp;Lumen Technologies\* | 10 |  | 45 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 6 |  | 4641 |
| &nbsp;&nbsp;&nbsp;Verizon Communications | 21 |  | 898 |
| &nbsp;&nbsp;&nbsp;Warner Bros Discovery\* | 9 |  | 118 |
|  |  |  | 9668 |
| **Consumer Discretionary — 0.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Amazon.com\* | 17 |  | 3980 |
| &nbsp;&nbsp;&nbsp;Home Depot | 23 |  | 8453 |
| &nbsp;&nbsp;&nbsp;Lowe's | 11 |  | 2459 |
| &nbsp;&nbsp;&nbsp;Service Corp International | 21 |  | 1603 |
| &nbsp;&nbsp;&nbsp;TJX | 22 |  | 2740 |
| &nbsp;&nbsp;&nbsp;Williams-Sonoma | 10 |  | 1870 |
|  |  |  | 21105 |
| **Consumer Staples — 0.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Altria Group | 10 |  | 619 |
| &nbsp;&nbsp;&nbsp;Coca-Cola | 16 |  | 1086 |
| &nbsp;&nbsp;&nbsp;PepsiCo | 10 |  | 1379 |
| &nbsp;&nbsp;&nbsp;Procter & Gamble | 12 |  | 1806 |
| &nbsp;&nbsp;&nbsp;Sysco | 13 |  | 1035 |
| &nbsp;&nbsp;&nbsp;Walmart | 14 |  | 1372 |
|  |  |  | 7297 |
| **Energy — 0.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;BP ADR | 4 |  | 129 |
| &nbsp;&nbsp;&nbsp;Chevron | 15 |  | 2275 |
| &nbsp;&nbsp;&nbsp;Exxon Mobil | 13 |  | 1451 |
| &nbsp;&nbsp;&nbsp;Kinder Morgan | 14 |  | 393 |
| &nbsp;&nbsp;&nbsp;Marathon Petroleum | 13 |  | 2212 |
| &nbsp;&nbsp;&nbsp;Williams | 10 |  | 599 |
|  |  |  | 7059 |
| **Financials — 0.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Aflac | 7 |  | 695 |
| &nbsp;&nbsp;&nbsp;Bank of America | 13 |  | 615 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Financials — continued** | **Financials — continued** |  |
| &nbsp;&nbsp;&nbsp;Chubb | 15 | $3991 |
| &nbsp;&nbsp;&nbsp;Fifth Third Bancorp | 18 | 748 |
| &nbsp;&nbsp;&nbsp;Gladstone Investment | 21 | 292 |
| &nbsp;&nbsp;&nbsp;Globe Life | 8 | 1124 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs Group | 15 | 10854 |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase | 10 | 2962 |
| &nbsp;&nbsp;&nbsp;Mizuho Financial Group ADR | 6 | 35 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley | 14 | 1994 |
| &nbsp;&nbsp;&nbsp;Regions Financial | 14 | 355 |
| &nbsp;&nbsp;&nbsp;ServisFirst Bancshares | 4 | 315 |
| &nbsp;&nbsp;&nbsp;SoFi Technologies\* | 5 | 113 |
| &nbsp;&nbsp;&nbsp;Visa, Cl A | 16 | 5527 |
|  |  | 29620 |
| **Health Care — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Abbott Laboratories | 17 | 2145 |
| &nbsp;&nbsp;&nbsp;AbbVie | 18 | 3402 |
| &nbsp;&nbsp;&nbsp;CVS Health | 21 | 1304 |
| &nbsp;&nbsp;&nbsp;Johnson & Johnson | 5 | 824 |
| &nbsp;&nbsp;&nbsp;Merck | 16 | 1250 |
|  |  | 8925 |
| **Industrials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Copart\* | 19 | 862 |
| &nbsp;&nbsp;&nbsp;Covenant Logistics Group, Cl A | 12 | 290 |
| &nbsp;&nbsp;&nbsp;CSX | 13 | 462 |
| &nbsp;&nbsp;&nbsp;Eaton | 4 | 1539 |
| &nbsp;&nbsp;&nbsp;Hertz Global Holdings\* | 5 | 32 |
| &nbsp;&nbsp;&nbsp;Paychex | 14 | 2021 |
| &nbsp;&nbsp;&nbsp;Republic Services, Cl A | 8 | 1845 |
| &nbsp;&nbsp;&nbsp;RTX | 6 | 945 |
| &nbsp;&nbsp;&nbsp;Waste Management | 20 | 4583 |
|  |  | 12579 |
| **Information Technology — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Apple | 16 | 3321 |
| &nbsp;&nbsp;&nbsp;Applied Materials | 14 | 2521 |
| &nbsp;&nbsp;&nbsp;Broadcom | 10 | 2937 |
| &nbsp;&nbsp;&nbsp;Cisco Systems | 7 | 477 |
| &nbsp;&nbsp;&nbsp;International Business Machines | 18 | 4557 |
| &nbsp;&nbsp;&nbsp;Microsoft | 15 | 8002 |
| &nbsp;&nbsp;&nbsp;NVIDIA | 22 | 3913 |
| &nbsp;&nbsp;&nbsp;Oracle | 22 | 5583 |
| &nbsp;&nbsp;&nbsp;Pure Storage, Cl A\* | 9 | 536 |
| &nbsp;&nbsp;&nbsp;QUALCOMM | 15 | 2201 |
| &nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing ADR | 15 | 3624 |

---

**Bluemonte**

**Large Cap Value ETF**

Schedule of Investments

July 31, 2025 (Unaudited) (Concluded)

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Fair Value | Fair Value |
| **Information Technology — continued** | **Information Technology — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Texas Instruments | 11 | $| 1992 |
|  |  |  | 39664 |
| **Materials — 0.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Dow | 26 |  | 606 |
| &nbsp;&nbsp;&nbsp;Graphic Packaging Holding | 18 |  | 403 |
| &nbsp;&nbsp;&nbsp;Hecla Mining | 12 |  | 69 |
| &nbsp;&nbsp;&nbsp;Newmont | 14 |  | 869 |
| &nbsp;&nbsp;&nbsp;Packaging Corp of America | 7 |  | 1356 |
| &nbsp;&nbsp;&nbsp;Pan American Silver | 15 |  | 405 |
| &nbsp;&nbsp;&nbsp;Wheaton Precious Metals | 13 |  | 1190 |
|  |  |  | 4898 |
| **Real Estate — 0.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Iron Mountain<sup>‡</sup> | 18 |  | 1752 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realty Income<sup>‡</sup> | 15 |  | 842 |
|  |  |  | 2594 |
| **Utilities — 0.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;American Electric Power | 9 |  | 1018 |
| &nbsp;&nbsp;&nbsp;Duke Energy | 18 |  | 2189 |
| &nbsp;&nbsp;&nbsp;NextEra Energy | 16 |  | 1137 |
| &nbsp;&nbsp;&nbsp;Southern | 18 |  | 1701 |
| &nbsp;&nbsp;&nbsp;WEC Energy Group | 12 |  | 1309 |
| &nbsp;&nbsp;&nbsp;Xcel Energy | 15 |  | 1102 |
|  |  |  | 8456 |
| Total Common Stock |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $107,969) |  |  | 151865 |
| **CLOSED-END FUNDS — 0.0%** | **CLOSED-END FUNDS — 0.0%** | **CLOSED-END FUNDS — 0.0%** | **CLOSED-END FUNDS — 0.0%** |
| **Domestic Equity — 0.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;BlackRock Science and Technology Term Trust | 7 |  | 149 |
| &nbsp;&nbsp;&nbsp;Eaton Vance Enhanced Equity Income Fund | 14 |  | 293 |
| &nbsp;&nbsp;&nbsp;Eaton Vance Tax-Managed Diversified Equity Income Fund | 17 |  | 267 |
|  |  |  | 709 |
| **Domestic Fixed Income — 0.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;DNP Select Income Fund | 8 |  | 79 |
| &nbsp;&nbsp;&nbsp;FS Credit Opportunities Corp. | 16 |  | 119 |
|  |  |  | 198 |
| Total Closed-End Funds |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $669) |  |  | 907 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **PREFERRED STOCK — 0.0%** | **PREFERRED STOCK — 0.0%** | **PREFERRED STOCK — 0.0%** |
| **Financials — 0.0%** | **Financials — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;MetLife, 5.580% | 14 | $335 |
| Total Preferred Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $317) |  | 335 |
| Total Investments - 99.1% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $157,205,277) |  | $158774122 |

---

Percentages are based on Net Assets of $160,226,095.

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| † | Represents greater than 25% of the Fund's total investments. For further financial information, please go to the Securities Exchange Commission's website at https://www.sec.gov. |
| ‡ | Real Estate Investment Trust. |

---

ACWI — All Country World Index

ADR — American Depositary Receipt

Cl — Class

EAFE — Europe, Australasia and the Far East

ESG — Environmental, Social and Governance

ETF — Exchange-Traded Fund

FTSE — Financial Times Stock Exchange

NASDAQ — National Association of Securities Dealers Automated Quotations

REIT — Real Estate Investment Trust

S&P— Standard & Poor's

SPDR — Standard & Poor's Depositary Receipts

BLU-QH-001-0100

**Bluemonte**

**Dynamic Total Market ETF**

Schedule of Investments

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **EXCHANGE-TRADED FUNDS — 99.1%** | **EXCHANGE-TRADED FUNDS — 99.1%** | **EXCHANGE-TRADED FUNDS — 99.1%** |
| **Commodities — 0.0%** | **Commodities — 0.0%** | **Commodities — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Gold Trust\* | 26 | $1612 |
| **Domestic Equity — 99.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF\* | 39 | 1303 |
| &nbsp;&nbsp;&nbsp;&nbsp;AllianzIM U.S. Large Cap 6 Month Buffer10 Feb/Aug ETF\* | 54 | 1630 |
| &nbsp;&nbsp;&nbsp;&nbsp;AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF\* | 45 | 1458 |
| &nbsp;&nbsp;&nbsp;&nbsp;AllianzIM U.S. Large Cap 6 Month Buffer10 Jun/Dec ETF\* | 58 | 1610 |
| &nbsp;&nbsp;&nbsp;&nbsp;Avantis U.S. Equity ETF | 28 | 2887 |
| &nbsp;&nbsp;&nbsp;&nbsp;Avantis U.S. Large Cap Value ETF | 35 | 2428 |
| &nbsp;&nbsp;&nbsp;&nbsp;Avantis U.S. Small Cap Equity ETF | 41 | 2150 |
| &nbsp;&nbsp;&nbsp;&nbsp;BlackRock U.S. Equity Factor Rotation ETF | 42 | 2352 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital Group Dividend Value ETF | 42 | 1705 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital Group Growth ETF | 81 | 3380 |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Discretionary Select Sector SPDR Fund | 24 | 5314 |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Staples Select Sector SPDR Fund | 14 | 1117 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional US Core Equity 1 ETF | 42 | 2871 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional US Core Equity 2 ETF | 60 | 2198 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional US Core Equity Market ETF | 58 | 2514 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional US Large Cap Value ETF | 12 | 375 |
| &nbsp;&nbsp;&nbsp;&nbsp;Energy Select Sector SPDR Fund | 38 | 3314 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fidelity High Dividend ETF | 60 | 3212 |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial Select Sector SPDR Fund | 43 | 2252 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Capital Strength ETF | 25 | 2270 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Dorsey Wright Focus 5 ETF | 59 | 3581 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Morningstar Dividend Leaders Index Fund | 14 | 592 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Domestic Equity (continued)** | **Domestic Equity (continued)** | **Domestic Equity (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust North American Energy Infrastructure Fund | 50 | $1914 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Rising Dividend Achievers ETF | 20 | 1267 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Value Line Dividend Index Fund | 55 | 2471 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 52 | 6453 |
| &nbsp;&nbsp;&nbsp;&nbsp;Innovator Equity Managed Floor ETF | 36 | 1238 |
| &nbsp;&nbsp;&nbsp;&nbsp;Innovator U.S. Equity Power Buffer ETF - November\* | 28 | 1121 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco FTSE RAFI US 1000 ETF | 111 | 4729 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco High Yield Equity Dividend Achievers ETF | 25 | 514 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco NASDAQ 100 ETF | 42 | 9768 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco QQQ Trust, Series 1 | 41 | 23165 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco S&P 500 Equal Weight ETF | 10 | 1836 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco S&P 500 Equal Weight Health Care ETF | 29 | 810 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco S&P 500 Quality ETF | 50 | 3569 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco S&P MidCap 400 GARP ETF | 8 | 913 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco S&P SmallCap Consumer Staples ETF | 52 | 1805 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core Dividend Growth ETF | 36 | 2327 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core S&P 500 ETF | 17 | 10793 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core S&P Mid-Cap ETF | 30 | 1891 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core S&P Small-Cap ETF | 41 | 4521 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core S&P Total U.S. Stock Market ETF | 23 | 3177 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core S&P U.S. Value ETF | 12 | 1145 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares ESG Aware MSCI USA ETF | 23 | 3180 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Expanded Tech-Software Sector ETF\* | 25 | 2791 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Morningstar Growth ETF | 50 | 5020 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Morningstar Small-Cap Value ETF | 487024 | 30419519 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI USA Momentum Factor ETF | 19 | 4585 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI USA Quality Factor ETF | 25 | 4603 |

---

**Bluemonte**

**Dynamic Total Market ETF**

Schedule of Investments

July 31, 2025 (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Domestic Equity (continued)** | **Domestic Equity (continued)** | **Domestic Equity (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Russell 1000 ETF | 15 | $5210 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Russell 1000 Growth ETF | 41 | 18057 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Russell 1000 Value ETF | 11 | 2150 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Russell 2000 ETF | 51 | 11189 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Russell 2500 ETF | 54 | 3727 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Russell Mid-Cap ETF | 32 | 2999 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Russell Mid-Cap Growth ETF | 26 | 3677 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares S&P 100 ETF | 37 | 11601 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares S&P 500 Growth ETF | 24 | 2734 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares S&P 500 Value ETF | 11 | 2167 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares S&P Mid-Cap 400 Growth ETF | 4 | 372 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Select Dividend ETF | 33 | 4457 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares U.S. Industrials ETF | 14 | 2028 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares U.S. Insurance ETF | 13 | 1657 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares U.S. Tech Breakthrough Multisector ETF | 40 | 2312 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares U.S. Technology ETF | 43 | 7796 |
| &nbsp;&nbsp;&nbsp;&nbsp;LHA Market State Tactical Beta ETF | 59 | 2237 |
| &nbsp;&nbsp;&nbsp;&nbsp;ProShares S&P 500 Dividend Aristocrats ETF | 54 | 5496 |
| &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Select Sector SPDR Fund | 53 | 2195 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab 1000 Index ETF | 49 | 1495 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Broad Market ETF | 17 | 414 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Dividend Equity ETF | 76 | 2014 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Large-Cap ETF | 28 | 701 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Large-Cap Growth ETF | 103 | 3113 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Large-Cap Value ETF | 63 | 1753 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Mid-Cap ETF | 77 | 2201 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. REIT ETF | 23 | 481 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Small-Cap ETF | 48 | 1236 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 1500 Composite Stock Market ETF | 975 | 74597 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 400 Mid Cap ETF† | 2386644 | 131862081 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 500 ETF† | 2104244 | 156429499 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 500 Growth ETF | 922 | 90872 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 500 Value ETF | 83 | 4385 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 600 Small Cap ETF | 67 | 2880 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Domestic Equity (continued)** | **Domestic Equity (continued)** | **Domestic Equity (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR S&P 400 Mid Cap Growth ETF | 35 | $3106 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR S&P 400 Mid Cap Value ETF | 18 | 1444 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR S&P 500 ETF Trust | 42 | 26547 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR S&P 600 Small Cap Growth ETF | 50 | 4460 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR S&P 600 Small Cap Value ETF | 15 | 1213 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR S&P Dividend ETF | 17 | 2328 |
| &nbsp;&nbsp;&nbsp;&nbsp;Technology Select Sector SPDR Fund | 21 | 5518 |
| &nbsp;&nbsp;&nbsp;&nbsp;Utilities Select Sector SPDR Fund | 37 | 3170 |
| &nbsp;&nbsp;&nbsp;&nbsp;VanEck Morningstar Wide Moat ETF | 49 | 4744 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Dividend Appreciation ETF | 21 | 4327 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Growth ETF | 15 | 6828 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard High Dividend Yield ETF | 38 | 5097 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Large-Cap ETF | 31 | 9054 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Mid-Cap ETF | 48 | 13728 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Mid-Cap Growth ETF | 24 | 6988 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Mid-Cap Value ETF | 31 | 5188 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Real Estate ETF | 37 | 3298 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Russell 1000 Growth ETF | 52 | 5897 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Russell 1000 Value ETF | 60 | 5148 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard S&P 500 ETF | 51 | 29632 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Small-Cap ETF | 34 | 8213 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Total Stock Market ETF | 15 | 4663 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Value ETF | 36 | 6373 |
| &nbsp;&nbsp;&nbsp;&nbsp;WisdomTree U.S. Quality Dividend Growth Fund | 25 | 2129 |
| &nbsp;&nbsp;&nbsp;&nbsp;WisdomTree U.S. SmallCap Fund | 51 | 2629 |
| &nbsp;&nbsp;&nbsp;&nbsp;WisdomTree US SmallCap Dividend Fund | 12 | 383 |
|  |  | 319317526 |
| **Domestic Fixed Income — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BlackRock Flexible Income ETF | 39 | 2057 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional Core Fixed Income ETF | 22 | 926 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Preferred Securities and Income ETF | 27 | 484 |

---

**Bluemonte**

**Dynamic Total Market ETF**

Schedule of Investments

July 31, 2025 (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Domestic Fixed Income (continued)** | **Domestic Fixed Income (continued)** | **Domestic Fixed Income (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Morningstar Multi-Asset Income ETF | 23 | $472 |
|  |  | 3939 |
| **International Equity — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital Group International Focus Equity ETF | 23 | 614 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital Group New Geography Equity ETF | 21 | 600 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional Emerging Markets Core Equity 2 ETF | 27 | 808 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional Global Real Estate ETF | 16 | 424 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional International Core Equity 2 ETF | 72 | 2217 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional World ex US Core Equity 2 ETF | 61 | 1787 |
| &nbsp;&nbsp;&nbsp;&nbsp;Franklin International Core Dividend Tilt Index ETF | 40 | 1403 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core MSCI EAFE ETF | 52 | 4257 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core MSCI Emerging Markets ETF | 44 | 2655 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core MSCI International Developed Markets ETF | 19 | 1422 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Currency Hedged MSCI EAFE ETF | 26 | 984 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Exponential Technologies ETF | 35 | 2308 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI ACWI ex U.S. ETF | 23 | 1386 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI EAFE ETF | 53 | 4639 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI EAFE Growth ETF | 30 | 3225 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI EAFE Min Vol Factor ETF | 8 | 654 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI EAFE Value ETF | 49 | 3103 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI Emerging Markets ex China ETF | 33 | 2073 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI World ETF | 14 | 2396 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab Emerging Markets Equity ETF | 41 | 1248 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab International Equity ETF | 32 | 697 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio Developed World ex-US ETF | 81 | 3234 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio Emerging Markets ETF | 34 | 1462 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR S&P Kensho New Economies Composite ETF | 13 | 725 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **International Equity (continued)** | **International Equity (continued)** | **International Equity (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard FTSE All-World ex-US ETF | 29 | $1931 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard FTSE Developed Markets ETF | 46 | 2586 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard FTSE Emerging Markets ETF | 15 | 747 |
| &nbsp;&nbsp;&nbsp;&nbsp;WisdomTree International MidCap Dividend Fund | 17 | 1263 |
|  |  | 50848 |
| Total Exchange-Traded Funds<br> (Cost $312,455,396) |  | 319373925 |
| **COMMON STOCK — 0.2%** |  |  |
| **Communication Services — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Cl A | 41 | 7868 |
| &nbsp;&nbsp;&nbsp;&nbsp;AT&T | 55 | 1508 |
| &nbsp;&nbsp;&nbsp;&nbsp;Comcast, Cl A | 29 | 964 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lumen Technologies\* | 56 | 249 |
| &nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 39 | 30164 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nintendo ADR | 35 | 735 |
| &nbsp;&nbsp;&nbsp;&nbsp;Verizon Communications | 26 | 1112 |
| &nbsp;&nbsp;&nbsp;&nbsp;Walt Disney | 35 | 4169 |
| &nbsp;&nbsp;&nbsp;&nbsp;Warner Bros Discovery\* | 49 | 645 |
|  |  | 47414 |
| **Consumer Discretionary — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amazon.com\* | 52 | 12174 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ford Motor | 46 | 509 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home Depot | 51 | 18743 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lowe's | 26 | 5813 |
| &nbsp;&nbsp;&nbsp;&nbsp;McDonald's | 28 | 8402 |
| &nbsp;&nbsp;&nbsp;&nbsp;Service Corp International | 44 | 3357 |
| &nbsp;&nbsp;&nbsp;&nbsp;Starbucks | 37 | 3299 |
| &nbsp;&nbsp;&nbsp;&nbsp;TJX | 46 | 5728 |
| &nbsp;&nbsp;&nbsp;&nbsp;Williams-Sonoma | 53 | 9914 |
|  |  | 67939 |
| **Consumer Staples — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Altria Group | 50 | 3097 |
| &nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola | 59 | 4006 |
| &nbsp;&nbsp;&nbsp;&nbsp;Costco Wholesale | 54 | 50740 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mondelez International, Cl A | 53 | 3429 |
| &nbsp;&nbsp;&nbsp;&nbsp;PepsiCo | 58 | 7999 |
| &nbsp;&nbsp;&nbsp;&nbsp;Procter & Gamble | 52 | 7824 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sysco | 31 | 2468 |
| &nbsp;&nbsp;&nbsp;&nbsp;Walmart | 36 | 3527 |
|  |  | 83090 |
| **Energy — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Antero Midstream | 28 | 514 |
| &nbsp;&nbsp;&nbsp;&nbsp;BP ADR | 36 | 1157 |

---

**Bluemonte**

**Dynamic Total Market ETF**

Schedule of Investments

July 31, 2025 (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Energy — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chevron | 32 | $4853 |
| &nbsp;&nbsp;&nbsp;&nbsp;ConocoPhillips | 23 | 2193 |
| &nbsp;&nbsp;&nbsp;&nbsp;Exxon Mobil | 58 | 6475 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan | 36 | 1010 |
| &nbsp;&nbsp;&nbsp;&nbsp;Marathon Petroleum | 8 | 1362 |
| &nbsp;&nbsp;&nbsp;&nbsp;ONEOK | 6 | 493 |
| &nbsp;&nbsp;&nbsp;&nbsp;Phillips 66 | 19 | 2348 |
| &nbsp;&nbsp;&nbsp;&nbsp;Williams | 51 | 3057 |
|  |  | 23462 |
| **Financials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Aflac | 48 | 4769 |
| &nbsp;&nbsp;&nbsp;&nbsp;Allstate | 32 | 6504 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ares Capital | 30 | 679 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ares Management, Cl A | 45 | 8349 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of America | 20 | 945 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bankinter ADR | 14 | 199 |
| &nbsp;&nbsp;&nbsp;&nbsp;Berkshire Hathaway, Cl B\* | 51 | 24066 |
| &nbsp;&nbsp;&nbsp;&nbsp;Charles Schwab | 41 | 4007 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chubb | 26 | 6917 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fifth Third Bancorp | 54 | 2245 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gladstone Investment | 27 | 375 |
| &nbsp;&nbsp;&nbsp;&nbsp;Globe Life | 21 | 2950 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group | 49 | 35456 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hartford Financial Services Group | 54 | 6717 |
| &nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase | 19 | 5629 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mizuho Financial Group ADR | 44 | 260 |
| &nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley | 43 | 6125 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prudential Financial | 50 | 5179 |
| &nbsp;&nbsp;&nbsp;&nbsp;Regions Financial | 19 | 481 |
| &nbsp;&nbsp;&nbsp;&nbsp;ServisFirst Bancshares | 30 | 2360 |
| &nbsp;&nbsp;&nbsp;&nbsp;SoFi Technologies\* | 17 | 384 |
| &nbsp;&nbsp;&nbsp;&nbsp;Toronto-Dominion Bank | 31 | 2259 |
| &nbsp;&nbsp;&nbsp;&nbsp;Truist Financial | 32 | 1399 |
| &nbsp;&nbsp;&nbsp;&nbsp;US Bancorp | 42 | 1888 |
| &nbsp;&nbsp;&nbsp;&nbsp;Visa, Cl A | 49 | 16928 |
|  |  | 147070 |
| **Health Care — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Abbott Laboratories | 30 | 3786 |
| &nbsp;&nbsp;&nbsp;&nbsp;AbbVie | 24 | 4536 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amgen | 15 | 4427 |
| &nbsp;&nbsp;&nbsp;&nbsp;CVS Health | 97 | 6024 |
| &nbsp;&nbsp;&nbsp;&nbsp;Danaher | 29 | 5718 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gilead Sciences | 38 | 4267 |
| &nbsp;&nbsp;&nbsp;&nbsp;Haleon ADR | 16 | 151 |
| &nbsp;&nbsp;&nbsp;&nbsp;Johnson & Johnson | 35 | 5766 |
| &nbsp;&nbsp;&nbsp;&nbsp;Merck | 28 | 2187 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pfizer | 49 | 1141 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Health Care — continued** | **Health Care — continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;UnitedHealth Group | 49 | $12228 |
|  |  | 50231 |
| **Industrials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Boeing\* | 53 | 11757 |
| &nbsp;&nbsp;&nbsp;&nbsp;Canadian Pacific Kansas City | 52 | 3825 |
| &nbsp;&nbsp;&nbsp;&nbsp;Carrier Global | 32 | 2196 |
| &nbsp;&nbsp;&nbsp;&nbsp;Caterpillar | 47 | 20587 |
| &nbsp;&nbsp;&nbsp;&nbsp;Copart\* | 42 | 1904 |
| &nbsp;&nbsp;&nbsp;&nbsp;Covenant Logistics Group, Cl A | 28 | 676 |
| &nbsp;&nbsp;&nbsp;&nbsp;CSX | 7 | 249 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eaton | 47 | 18082 |
| &nbsp;&nbsp;&nbsp;&nbsp;General Electric | 13 | 3524 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hertz Global Holdings\* | 32 | 205 |
| &nbsp;&nbsp;&nbsp;&nbsp;Paychex | 55 | 7938 |
| &nbsp;&nbsp;&nbsp;&nbsp;Republic Services, Cl A | 23 | 5305 |
| &nbsp;&nbsp;&nbsp;&nbsp;RTX | 40 | 6303 |
| &nbsp;&nbsp;&nbsp;&nbsp;Union Pacific | 58 | 12874 |
| &nbsp;&nbsp;&nbsp;&nbsp;Waste Management | 59 | 13520 |
|  |  | 108945 |
| **Information Technology — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accenture PLC, Cl A | 106 | 28313 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amphenol, Cl A | 50 | 5326 |
| &nbsp;&nbsp;&nbsp;&nbsp;Apple | 48 | 9963 |
| &nbsp;&nbsp;&nbsp;&nbsp;Applied Materials | 30 | 5401 |
| &nbsp;&nbsp;&nbsp;&nbsp;Broadcom | 24 | 7049 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cisco Systems | 57 | 3881 |
| &nbsp;&nbsp;&nbsp;&nbsp;DocuSign, Cl A\* | 50 | 3782 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hackett Group | 41 | 959 |
| &nbsp;&nbsp;&nbsp;&nbsp;International Business Machines | 23 | 5822 |
| &nbsp;&nbsp;&nbsp;&nbsp;Microsoft | 20 | 10670 |
| &nbsp;&nbsp;&nbsp;&nbsp;NVIDIA | 62 | 11028 |
| &nbsp;&nbsp;&nbsp;&nbsp;Oracle | 47 | 11927 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pure Storage, Cl A\* | 42 | 2500 |
| &nbsp;&nbsp;&nbsp;&nbsp;QUALCOMM | 37 | 5430 |
| &nbsp;&nbsp;&nbsp;&nbsp;Salesforce | 51 | 13175 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing ADR | 24 | 5799 |
| &nbsp;&nbsp;&nbsp;&nbsp;Texas Instruments | 30 | 5432 |
|  |  | 136457 |
| **Materials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dow | 107 | 2492 |
| &nbsp;&nbsp;&nbsp;&nbsp;DuPont de Nemours | 29 | 2085 |
| &nbsp;&nbsp;&nbsp;&nbsp;Freeport-McMoRan, Cl B | 21 | 845 |
| &nbsp;&nbsp;&nbsp;&nbsp;Graphic Packaging Holding | 46 | 1029 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hecla Mining | 28 | 161 |
| &nbsp;&nbsp;&nbsp;&nbsp;Newmont | 24 | 1490 |

---

**Bluemonte**

**Dynamic Total Market ETF**

Schedule of Investments

July 31, 2025 (Unaudited) (Concluded)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Materials — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Packaging Corp of America | 14 | $2712 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pan American Silver | 50 | 1351 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wheaton Precious Metals | 45 | 4118 |
|  |  | 16283 |
| **Real Estate — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Iron Mountain<sup>‡</sup> | 32 | 3116 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prologis<sup>‡</sup> | 34 | 3630 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realty Income<sup>‡</sup> | 34 | 1908 |
| &nbsp;&nbsp;&nbsp;&nbsp;STAG Industrial<sup>‡</sup> | 21 | 721 |
|  |  | 9375 |
| **Utilities — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ameren | 53 | 5360 |
| &nbsp;&nbsp;&nbsp;&nbsp;American Electric Power | 28 | 3168 |
| &nbsp;&nbsp;&nbsp;&nbsp;Duke Energy | 38 | 4622 |
| &nbsp;&nbsp;&nbsp;&nbsp;NextEra Energy | 47 | 3340 |
| &nbsp;&nbsp;&nbsp;&nbsp;Public Service Enterprise Group | 11 | 988 |
| &nbsp;&nbsp;&nbsp;&nbsp;Southern | 61 | 5763 |
| &nbsp;&nbsp;&nbsp;&nbsp;WEC Energy Group | 45 | 4908 |
| &nbsp;&nbsp;&nbsp;&nbsp;Xcel Energy | 47 | 3452 |
|  |  | 31601 |
| Total Common Stock<br> (Cost $476,298) |  | 721867 |
| **CLOSED-END FUNDS — 0.0%** |  |  |
| **Domestic Equity — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BlackRock Science and Technology Term Trust | 53 | 1127 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eaton Vance Enhanced Equity Income Fund | 36 | 755 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eaton Vance Tax-Managed Diversified Equity Income Fund | 55 | 863 |
|  |  | 2745 |
| **Domestic Fixed Income — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cohen & Steers REIT and Preferred and Income Fund | 50 | 1114 |
| &nbsp;&nbsp;&nbsp;&nbsp;DNP Select Income Fund | 19 | 186 |
| &nbsp;&nbsp;&nbsp;&nbsp;FS Credit Opportunities Corp. | 12 | 89 |
|  |  | 1389 |
| Total Closed-End Funds<br> (Cost $3,254) |  | 4134 |
| **PREFERRED STOCK — 0.0%** |  |  |
| **Financials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group, 5.232% | 30 | 630 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Financials — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;MetLife, 5.580% | 30 | $718 |
|  |  | 1348 |
| Total Preferred Stock<br> (Cost $1,268) |  | 1348 |
| Total Investments - 99.3%<br> (Cost $312,936,216) |  | $320101274 |

---

Percentages are based on Net Assets of $322,288,817.

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| † | Represents greater than 25% of the Fund's total investments. For further financial information, please go to the Securities Exchange Commission's website at https://www.sec.gov. |
| ‡ | Real Estate Investment Trust. |

---

ACWI — All Country World Index

ADR — American Depositary Receipt

Cl — Class

EAFE — Europe, Australasia and the Far East

ESG — Environmental, Social and Governance

ETF — Exchange-Traded Fund

FTSE — Financial Times Stock Exchange

GARP — Growth at a Reasonable Price

NASDAQ — National Association of Securities Dealers Automated Quotations

PLC — Public Limited Company

REIT — Real Estate Investment Trust

S&P— Standard & Poor's

SPDR — Standard & Poor's Depositary Receipts

BLU-QH-001-0100

**Bluemonte**

**Global Equity ETF**

Schedule of Investments

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **EXCHANGE-TRADED FUNDS — 99.4%** | **EXCHANGE-TRADED FUNDS — 99.4%** | **EXCHANGE-TRADED FUNDS — 99.4%** |
| **Commodities — 0.0%** | **Commodities — 0.0%** | **Commodities — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Gold Trust\* | 27 | $1674 |
| **Domestic Equity — 15.6%** | **Domestic Equity — 15.6%** | **Domestic Equity — 15.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp;AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF\* | 9 | 301 |
| &nbsp;&nbsp;&nbsp;&nbsp;AllianzIM U.S. Large Cap 6 Month Buffer10 Feb/Aug ETF\* | 21 | 634 |
| &nbsp;&nbsp;&nbsp;&nbsp;AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF\* | 13 | 421 |
| &nbsp;&nbsp;&nbsp;&nbsp;AllianzIM U.S. Large Cap 6 Month Buffer10 Jun/Dec ETF\* | 24 | 666 |
| &nbsp;&nbsp;&nbsp;&nbsp;Avantis U.S. Equity ETF | 20 | 2062 |
| &nbsp;&nbsp;&nbsp;&nbsp;Avantis U.S. Large Cap Value ETF | 10 | 694 |
| &nbsp;&nbsp;&nbsp;&nbsp;BlackRock U.S. Equity Factor Rotation ETF | 23 | 1288 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital Group Dividend Value ETF | 19 | 771 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital Group Growth ETF | 28 | 1168 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional US Core Equity 1 ETF | 9 | 615 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional US Core Equity 2 ETF | 18 | 660 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional US Core Equity Market ETF | 30 | 1300 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional US Large Cap Value ETF | 16 | 501 |
| &nbsp;&nbsp;&nbsp;&nbsp;Energy Select Sector SPDR Fund | 22 | 1919 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fidelity High Dividend ETF | 25 | 1338 |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial Select Sector SPDR Fund | 20 | 1047 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Capital Strength ETF | 14 | 1271 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Dorsey Wright Focus 5 ETF | 14 | 850 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Morningstar Dividend Leaders Index Fund | 23 | 972 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust North American Energy Infrastructure Fund | 8 | 306 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Value Line Dividend Index Fund | 22 | 988 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 17 | 2110 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Domestic Equity (continued)** | **Domestic Equity (continued)** | **Domestic Equity (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Innovator Equity Managed Floor ETF | 5 | $172 |
| &nbsp;&nbsp;&nbsp;&nbsp;Innovator U.S. Equity Power Buffer ETF - November\* | 8 | 320 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco FTSE RAFI US 1000 ETF | 520 | 22152 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco High Yield Equity Dividend Achievers ETF | 8 | 165 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco NASDAQ 100 ETF | 23 | 5349 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco QQQ Trust, Series 1 | 18 | 10170 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco S&P 500 Equal Weight ETF | 1 | 184 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco S&P 500 Equal Weight Health Care ETF | 16 | 447 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco S&P 500 Quality ETF | 20 | 1428 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco S&P SmallCap Consumer Staples ETF | 20 | 694 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core Dividend Growth ETF | 9 | 582 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core S&P 500 ETF | 12 | 7619 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core S&P Mid-Cap ETF | 16 | 1008 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core S&P Small-Cap ETF | 24 | 2647 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core S&P Total U.S. Stock Market ETF | 236413 | 32653364 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core S&P U.S. Value ETF | 16 | 1526 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares ESG Aware MSCI USA ETF | 10 | 1382 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Expanded Tech-Software Sector ETF\* | 12 | 1340 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Morningstar Growth ETF | 17 | 1707 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI USA Momentum Factor ETF | 8 | 1930 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI USA Quality Factor ETF | 28 | 5155 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Russell 1000 ETF | 24 | 8337 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Russell 1000 Growth ETF | 20 | 8808 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Russell 1000 Value ETF | 21 | 4104 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Russell 2000 ETF | 15 | 3291 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Russell 2500 ETF | 21 | 1449 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Russell Mid-Cap Growth ETF | 11 | 1556 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares S&P 100 ETF | 20 | 6271 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares S&P 500 Growth ETF | 26 | 2961 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares S&P 500 Value ETF | 7 | 1379 |

---

**Bluemonte**

**Global Equity ETF**

Schedule of Investments

July 31, 2025 (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Domestic Equity (continued)** | **Domestic Equity (continued)** | **Domestic Equity (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares S&P Mid-Cap 400 Growth ETF | 15 | $1395 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares U.S. Insurance ETF | 16 | 2040 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares U.S. Tech Breakthrough Multisector ETF | 26 | 1503 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares U.S. Technology ETF | 20 | 3626 |
| &nbsp;&nbsp;&nbsp;&nbsp;LHA Market State Tactical Beta ETF | 10 | 379 |
| &nbsp;&nbsp;&nbsp;&nbsp;ProShares S&P 500 Dividend Aristocrats ETF | 10 | 1018 |
| &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Select Sector SPDR Fund | 27 | 1118 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab 1000 Index ETF | 18 | 549 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Broad Market ETF | 9 | 219 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Dividend Equity ETF | 40 | 1060 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Large-Cap ETF | 16 | 401 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Large-Cap Growth ETF | 42 | 1269 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Large-Cap Value ETF | 37 | 1030 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Mid-Cap ETF | 19 | 543 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. REIT ETF | 25 | 523 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab U.S. Small-Cap ETF | 27 | 695 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 1500 Composite Stock Market ETF | 21 | 1607 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 400 Mid Cap ETF | 22 | 1215 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 500 ETF | 46 | 3420 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 500 Growth ETF | 46 | 4534 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 500 Value ETF | 38 | 2008 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 600 Small Cap ETF | 21 | 903 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR S&P 600 Small Cap Growth ETF | 20 | 1784 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR S&P 600 Small Cap Value ETF | 18 | 1456 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR S&P Dividend ETF | 19 | 2602 |
| &nbsp;&nbsp;&nbsp;&nbsp;Technology Select Sector SPDR Fund | 24 | 6306 |
| &nbsp;&nbsp;&nbsp;&nbsp;VanEck Morningstar Wide Moat ETF | 15 | 1452 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Dividend Appreciation ETF | 21 | 4327 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Growth ETF | 11 | 5007 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard High Dividend Yield ETF | 10 | 1341 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Fair Value | Fair Value |
| **Domestic Equity (continued)** | **Domestic Equity (continued)** | **Domestic Equity (continued)** | **Domestic Equity (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Mid-Cap ETF | 18 | $| 5148 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Mid-Cap Growth ETF | 25 |  | 7280 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Mid-Cap Value ETF | 5 |  | 837 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Real Estate ETF | 9 |  | 802 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Russell 1000 Growth ETF | 5 |  | 567 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Russell 1000 Value ETF | 27 |  | 2317 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard S&P 500 ETF | 21 |  | 12201 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Small-Cap ETF | 26 |  | 6280 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Total Stock Market ETF | 15 |  | 4663 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Value ETF | 17 |  | 3010 |
| &nbsp;&nbsp;&nbsp;&nbsp;WisdomTree U.S. Quality Dividend Growth Fund | 14 |  | 1192 |
| &nbsp;&nbsp;&nbsp;&nbsp;WisdomTree U.S. SmallCap Fund | 19 |  | 979 |
|  |  |  | 32879985 |
| **Domestic Fixed Income — 0.0%** | **Domestic Fixed Income — 0.0%** | **Domestic Fixed Income — 0.0%** | **Domestic Fixed Income — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;BlackRock Flexible Income ETF | 25 |  | 1318 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional Core Fixed Income ETF | 25 |  | 1052 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Preferred Securities and Income ETF | 19 |  | 341 |
|  |  |  | 2711 |
| **International Equity — 83.8%** | **International Equity — 83.8%** | **International Equity — 83.8%** | **International Equity — 83.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital Group International Focus Equity ETF | 21 |  | 561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital Group New Geography Equity ETF | 28 |  | 800 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional Emerging Markets Core Equity 2 ETF | 20 |  | 599 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional Global Real Estate ETF | 4 |  | 106 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional International Core Equity 2 ETF | 22 |  | 677 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional World ex US Core Equity 2 ETF | 2491 |  | 72961 |
| &nbsp;&nbsp;&nbsp;&nbsp;Franklin International Core Dividend Tilt Index ETF | 14 |  | 491 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core MSCI EAFE ETF | 29 |  | 2374 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core MSCI Emerging Markets ETF | 14 |  | 845 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core MSCI International Developed Markets ETF | 697395 |  | 52200016 |

---

**Bluemonte**

**Global Equity ETF**

Schedule of Investments

July 31, 2025 (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **International Equity (continued)** | **International Equity (continued)** | **International Equity (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Currency Hedged MSCI EAFE ETF | 11 | $416 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Exponential Technologies ETF | 13 | 857 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI ACWI ex U.S. ETF | 12 | 723 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI EAFE ETF | 19 | 1663 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI EAFE Growth ETF | 19 | 2042 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI EAFE Value ETF | 11 | 697 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI Emerging Markets ex China ETF | 7 | 440 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI World ETF | 28 | 4791 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab Emerging Markets Equity ETF | 13 | 396 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab International Equity ETF | 13 | 283 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio Developed World ex-US ETF† | 2076014 | 82874479 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio Emerging Markets ETF | 26 | 1118 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR S&P Kensho New Economies Composite ETF | 10 | 558 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard FTSE All-World ex-US ETF | 15 | 999 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard FTSE Developed Markets ETF | 746073 | 41944224 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard FTSE Emerging Markets ETF | 14 | 697 |
| &nbsp;&nbsp;&nbsp;&nbsp;WisdomTree International MidCap Dividend Fund | 5 | 372 |
|  |  | 177114185 |
| Total Exchange-Traded Funds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cost $211,169,437) |  | 209998555 |
| **COMMON STOCK — 0.1%** | **COMMON STOCK — 0.1%** | **COMMON STOCK — 0.1%** |
| **Canada — 0.0%** |  |  |
| &nbsp;&nbsp;*Industrials — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Canadian Pacific Kansas City | 11 | $809 |
| &nbsp;&nbsp;*Materials — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Pan American Silver | 18 | 487 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Canada — continued** | **Canada — continued** |  |
| &nbsp;&nbsp;*Materials — continued* | &nbsp;&nbsp;*Materials — continued* |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Wheaton Precious Metals | 22 | $2013 |
|  |  | 2500 |
|  |  | 3309 |
| **Ireland — 0.0%** |  |  |
| &nbsp;&nbsp;*Information Technology — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accenture PLC, Cl A | 58 | 15492 |
| **Japan — 0.0%** |  |  |
| &nbsp;&nbsp;*Financials — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mizuho Financial Group ADR | 13 | 77 |
| **Taiwan — 0.0%** |  |  |
| &nbsp;&nbsp;*Information Technology — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing ADR | 7 | 1691 |
| **United Kingdom — 0.0%** |  |  |
| &nbsp;&nbsp;*Energy — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BP ADR | 5 | 161 |
| **United States — 0.1%** |  |  |
| &nbsp;&nbsp;*Communication Services — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Cl A | 15 | 2878 |
| &nbsp;&nbsp;&nbsp;&nbsp;AT&T | 26 | 713 |
| &nbsp;&nbsp;&nbsp;&nbsp;Comcast, Cl A | 17 | 565 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lumen Technologies\* | 18 | 80 |
| &nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 20 | 15469 |
| &nbsp;&nbsp;&nbsp;&nbsp;Verizon Communications | 21 | 898 |
| &nbsp;&nbsp;&nbsp;&nbsp;Walt Disney | 26 | 3097 |
| &nbsp;&nbsp;&nbsp;&nbsp;Warner Bros Discovery\* | 19 | 250 |
|  |  | 23950 |
| &nbsp;&nbsp;*Consumer Discretionary — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amazon.com\* | 24 | 5619 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home Depot | 14 | 5145 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lowe's | 13 | 2906 |
| &nbsp;&nbsp;&nbsp;&nbsp;Service Corp International | 20 | 1526 |
| &nbsp;&nbsp;&nbsp;&nbsp;Starbucks | 21 | 1872 |
| &nbsp;&nbsp;&nbsp;&nbsp;TJX | 14 | 1744 |
| &nbsp;&nbsp;&nbsp;&nbsp;Williams-Sonoma | 19 | 3554 |
|  |  | 22366 |
| &nbsp;&nbsp;*Consumer Staples — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Altria Group | 20 | 1239 |
| &nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola | 17 | 1154 |
| &nbsp;&nbsp;&nbsp;&nbsp;PepsiCo | 9 | 1241 |

---

**Bluemonte**

**Global Equity ETF**

Schedule of Investments

July 31, 2025 (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **United States — continued** | **United States — continued** |  |
| &nbsp;&nbsp;*Consumer Staples — continued* | &nbsp;&nbsp;*Consumer Staples — continued* |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Procter & Gamble | 11 | $1655 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sysco | 18 | 1433 |
| &nbsp;&nbsp;&nbsp;&nbsp;Walmart | 7 | 686 |
|  |  | 7408 |
| &nbsp;&nbsp;*Energy — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Antero Midstream | 26 | 477 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chevron | 8 | 1213 |
| &nbsp;&nbsp;&nbsp;&nbsp;ConocoPhillips | 22 | 2097 |
| &nbsp;&nbsp;&nbsp;&nbsp;Exxon Mobil | 15 | 1675 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan | 9 | 253 |
| &nbsp;&nbsp;&nbsp;&nbsp;Marathon Petroleum | 25 | 4255 |
| &nbsp;&nbsp;&nbsp;&nbsp;Phillips 66 | 21 | 2595 |
| &nbsp;&nbsp;&nbsp;&nbsp;Williams | 15 | 899 |
|  |  | 13464 |
| &nbsp;&nbsp;*Financials — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Aflac | 15 | 1490 |
| &nbsp;&nbsp;&nbsp;&nbsp;Allstate | 13 | 2642 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ares Capital | 5 | 113 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of America | 12 | 567 |
| &nbsp;&nbsp;&nbsp;&nbsp;Berkshire Hathaway, Cl B\* | 10 | 4719 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chubb | 12 | 3193 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fifth Third Bancorp | 21 | 873 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gladstone Investment | 21 | 292 |
| &nbsp;&nbsp;&nbsp;&nbsp;Globe Life | 7 | 983 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group | 18 | 13024 |
| &nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase | 21 | 6221 |
| &nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley | 8 | 1140 |
| &nbsp;&nbsp;&nbsp;&nbsp;Regions Financial | 24 | 608 |
| &nbsp;&nbsp;&nbsp;&nbsp;ServisFirst Bancshares | 4 | 315 |
| &nbsp;&nbsp;&nbsp;&nbsp;SoFi Technologies\* | 16 | 361 |
| &nbsp;&nbsp;&nbsp;&nbsp;Visa, Cl A | 6 | 2073 |
|  |  | 38614 |
| &nbsp;&nbsp;*Health Care — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Abbott Laboratories | 15 | 1893 |
| &nbsp;&nbsp;&nbsp;&nbsp;AbbVie | 25 | 4725 |
| &nbsp;&nbsp;&nbsp;&nbsp;CVS Health | 15 | 932 |
| &nbsp;&nbsp;&nbsp;&nbsp;Johnson & Johnson | 16 | 2636 |
| &nbsp;&nbsp;&nbsp;&nbsp;Merck | 5 | 390 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pfizer | 7 | 163 |
|  |  | 10739 |
| &nbsp;&nbsp;*Industrials — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Carrier Global | 9 | 617 |
| &nbsp;&nbsp;&nbsp;&nbsp;Copart\* | 14 | 635 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **United States — continued** | **United States — continued** |  |
| &nbsp;&nbsp;*Industrials — continued* | &nbsp;&nbsp;*Industrials — continued* |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Covenant Logistics Group, Cl A | 16 | $386 |
| &nbsp;&nbsp;&nbsp;&nbsp;CSX | 25 | 889 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eaton | 15 | 5771 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hertz Global Holdings\* | 25 | 160 |
| &nbsp;&nbsp;&nbsp;&nbsp;Paychex | 21 | 3031 |
| &nbsp;&nbsp;&nbsp;&nbsp;Republic Services, Cl A | 27 | 6227 |
| &nbsp;&nbsp;&nbsp;&nbsp;RTX | 10 | 1576 |
| &nbsp;&nbsp;&nbsp;&nbsp;Union Pacific | 13 | 2886 |
| &nbsp;&nbsp;&nbsp;&nbsp;Waste Management | 24 | 5500 |
|  |  | 27678 |
| &nbsp;&nbsp;*Information Technology — 0.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Apple | 27 | 5605 |
| &nbsp;&nbsp;&nbsp;&nbsp;Applied Materials | 7 | 1261 |
| &nbsp;&nbsp;&nbsp;&nbsp;Broadcom | 26 | 7636 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cisco Systems | 18 | 1225 |
| &nbsp;&nbsp;&nbsp;&nbsp;DocuSign, Cl A\* | 8 | 605 |
| &nbsp;&nbsp;&nbsp;&nbsp;International Business Machines | 9 | 2278 |
| &nbsp;&nbsp;&nbsp;&nbsp;Microsoft | 17 | 9069 |
| &nbsp;&nbsp;&nbsp;&nbsp;NVIDIA | 17 | 3024 |
| &nbsp;&nbsp;&nbsp;&nbsp;Oracle | 18 | 4568 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pure Storage, Cl A\* | 8 | 476 |
| &nbsp;&nbsp;&nbsp;&nbsp;QUALCOMM | 26 | 3816 |
| &nbsp;&nbsp;&nbsp;&nbsp;Texas Instruments | 17 | 3078 |
|  |  | 42641 |
| &nbsp;&nbsp;*Materials — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dow | 21 | 489 |
| &nbsp;&nbsp;&nbsp;&nbsp;Freeport-McMoRan, Cl B | 22 | 885 |
| &nbsp;&nbsp;&nbsp;&nbsp;Graphic Packaging Holding | 7 | 157 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hecla Mining | 16 | 92 |
| &nbsp;&nbsp;&nbsp;&nbsp;Newmont | 11 | 683 |
| &nbsp;&nbsp;&nbsp;&nbsp;Packaging Corp of America | 27 | 5231 |
|  |  | 7537 |
| &nbsp;&nbsp;*Real Estate — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Iron Mountain<sup>‡</sup> | 17 | 1655 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realty Income<sup>‡</sup> | 20 | 1123 |
| &nbsp;&nbsp;&nbsp;&nbsp;STAG Industrial<sup>‡</sup> | 22 | 755 |
|  |  | 3533 |
| &nbsp;&nbsp;*Utilities — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;American Electric Power | 12 | 1358 |
| &nbsp;&nbsp;&nbsp;&nbsp;Duke Energy | 13 | 1581 |
| &nbsp;&nbsp;&nbsp;&nbsp;NextEra Energy | 31 | 2203 |

---

**Bluemonte**

**Global Equity ETF**

Schedule of Investments

July 31, 2025 (Unaudited) (Concluded)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **United States — continued** | **United States — continued** |  |
| &nbsp;&nbsp;*Utilities — continued* | &nbsp;&nbsp;*Utilities — continued* |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Public Service Enterprise Group | 17 | $1526 |
| &nbsp;&nbsp;&nbsp;&nbsp;Southern | 29 | 2740 |
| &nbsp;&nbsp;&nbsp;&nbsp;WEC Energy Group | 18 | 1964 |
| &nbsp;&nbsp;&nbsp;&nbsp;Xcel Energy | 24 | 1762 |
|  |  | 13134 |
|  |  | 211064 |
| Total Common Stock <br> (Cost $169,381) |  | 231794 |
| **CLOSED-END FUNDS — 0.0%** | **CLOSED-END FUNDS — 0.0%** | **CLOSED-END FUNDS — 0.0%** |
| **Domestic Equity — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BlackRock Science and Technology Term Trust | 6 | 128 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eaton Vance Enhanced Equity Income Fund | 28 | 587 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eaton Vance Tax-Managed Diversified Equity Income Fund | 30 | 471 |
|  |  | 1186 |
| **Domestic Fixed Income — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cohen & Steers REIT and Preferred and Income Fund | 8 | 178 |
| &nbsp;&nbsp;&nbsp;&nbsp;DNP Select Income Fund | 23 | 225 |
| &nbsp;&nbsp;&nbsp;&nbsp;FS Credit Opportunities Corp. | 28 | 209 |
|  |  | 612 |
| Total Closed-End Funds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cost $1,367) |  | 1798 |
| **PREFERRED STOCK — 0.0%** | **PREFERRED STOCK — 0.0%** | **PREFERRED STOCK — 0.0%** |
| **United States — 0.0%** |  |  |
| &nbsp;&nbsp;*Financials — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group, 5.232% | 7 | 147 |
| &nbsp;&nbsp;&nbsp;&nbsp;MetLife, 5.580% | 7 | 167 |
|  |  | 314 |
| Total Preferred Stock <br> (Cost $296) |  | 314 |
| Total Investments - 99.5% <br> (Cost $211,340,481) |  | $210232461 |

---

Percentages are based on Net Assets $211,209,357.

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| † | Represents greater than 25% of the Fund's total investments. For further financial information, please go to the Securities Exchange Commission's website at https://www.sec.gov. |
| ‡ | Real Estate Investment Trust. |

---

---

| |
|:---|
| ACWI — All Country World Index |
| ADR — American Depositary Receipt |
| Cl — Class |
| EAFE — Europe, Australasia and the Far East |
| ESG — Environmental, Social and Governance |
| ETF — Exchange-Traded Fund |
| FTSE — Financial Times Stock Exchange |
| NASDAQ — National Association of Securities Dealers Automated Quotations |
| PLC — Public Limited Company |
| REIT — Real Estate Investment Trust |
| S&P— Standard & Poor's |
| SPDR — Standard & Poor's Depositary Receipts |

---

BLU-QH-001-0100

**Bluemonte**

**Core Bond ETF**

Schedule of Investments

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **EXCHANGE-TRADED FUNDS — 99.8%** | **EXCHANGE-TRADED FUNDS — 99.8%** | **EXCHANGE-TRADED FUNDS — 99.8%** |
| **Domestic Fixed Income — 99.8%** | **Domestic Fixed Income — 99.8%** | **Domestic Fixed Income — 99.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp;BlackRock Ultra Short-Term Bond ETF | 107 | $5424 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital Group Short Duration Income ETF | 30 | 775 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional Short-Duration Fixed Income ETF | 150 | 7187 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fidelity Total Bond ETF | 44 | 2003 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Senior Loan ETF | 131 | 6015 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco Preferred ETF | 117 | 1326 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco Total Return Bond ETF | 21 | 979 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares 0-5 Year High Yield Corporate Bond ETF | 100 | 4304 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares 1-3 Year Treasury Bond ETF | 153 | 12625 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares 3-7 Year Treasury Bond ETF | 44 | 5206 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares 5-10 Year Investment Grade Corporate Bond ETF | 44 | 2339 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Broad USD High Yield Corporate Bond ETF | 135 | 5048 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Broad USD Investment Grade Corporate Bond ETF | 117 | 6001 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core Total USD Bond Market ETF | 137 | 6301 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core U.S. Aggregate Bond ETF† | 1265926 | 124845622 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares iBoxx $ High Yield Corporate Bond ETF | 144 | 11575 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares iBoxx $ Investment Grade Corporate Bond ETF | 48 | 5237 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares MBS ETF | 502396 | 46757996 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares National Muni Bond ETF | 80 | 8310 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares U.S. Treasury Bond ETF | 68 | 1552 |
| &nbsp;&nbsp;&nbsp;&nbsp;Janus Henderson AAA CLO ETF | 89 | 4520 |
| &nbsp;&nbsp;&nbsp;&nbsp;PIMCO Active Bond Exchange-Traded Fund | 15 | 1376 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schwab Intermediate-Term U.S. Treasury ETF | 2506847 | 62270079 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Bloomberg 1-3 Month T-Bill ETF | 61 | 5597 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Bloomberg High Yield Bond ETF | 43 | 4166 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio Corporate Bond ETF | 2153434 | 62686464 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio Intermediate Term Treasury ETF | 9 | 257 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Domestic Fixed Income (continued)** | **Domestic Fixed Income (continued)** | **Domestic Fixed Income (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio Long Term Treasury ETF | 72 | $1890 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio Mortgage Backed Bond ETF | 121 | 2653 |
| &nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio Short Term Corporate Bond ETF | 38 | 1144 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Intermediate-Term Corporate Bond ETF | 4 | 331 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Long-Term Treasury ETF | 14 | 776 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Short-Term Bond ETF | 17 | 1332 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Short-Term Corporate Bond ETF | 196637 | 15589381 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Total Bond Market ETF | 28 | 2050 |
|  |  | 312267841 |
| **International Fixed Income — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional Global Credit ETF | 104 | 5650 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dimensional Global ex US Core Fixed Income ETF | 127 | 6780 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares J.P. Morgan USD Emerging Markets Bond ETF | 27 | 2508 |
| &nbsp;&nbsp;&nbsp;&nbsp;VanEck J.P. Morgan EM Local Currency Bond ETF | 129 | 3208 |
|  |  | 18146 |
| Total Exchange-Traded Funds<br> (Cost $312,582,823) |  | 312285987 |
| **CLOSED-END FUND — 0.0%** |  |  |
| **Domestic Fixed Income — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;PIMCO Strategic Income Fund | 92 | 651 |
| Total Closed-End Fund<br> (Cost $610) |  | 651 |
| Total Investments - 99.8%<br> (Cost $312,583,433) |  | $312286638 |

---

Percentages are based on Net Assets $312,762,483.

† Represents greater than 25% of the Fund's total investments. For further financial information, please go to the Securities Exchange Commission's website at https://www.sec.gov.

**Bluemonte**

**Core Bond ETF**

Schedule of Investments

July 31, 2025 (Unaudited) (Concluded)

Cl — Class

CLO — Collateralized Loan Obligation

EM — Emerging Markets

ETF — Exchange-Traded Fund

MBS — Mortgage-Backed Security

SPDR — Standard & Poor's Depositary Receipts

USD — U.S. Dollar

BLU-QH-001-0100

**Bluemonte**

**Short Term Bond ETF**

Schedule of Investments

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **EXCHANGE-TRADED FUNDS — 99.8%** | **EXCHANGE-TRADED FUNDS — 99.8%** | **EXCHANGE-TRADED FUNDS — 99.8%** |
| **Domestic Fixed Income — 99.8%** | **Domestic Fixed Income — 99.8%** | **Domestic Fixed Income — 99.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core U.S. Aggregate Bond ETF† | 267048 | $26336274 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Short-Term Bond ETF† | 737253 | 57785890 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Short-Term Corporate Bond ETF | 265480 | 21047254 |
|  |  | 105169418 |
| Total Exchange-Traded Funds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cost $105,267,009) |  | 105169418 |
| Total Investments - 99.8% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cost $105,267,009) |  | $105169418 |

---

Percentages are based on Net Assets $105,328,606.

† Represents greater than 25% of the Fund's total investments. For further financial information, please go to the Securities Exchange Commission's website at https://www.sec.gov.

ETF — Exchange-Traded Fund <br>

BLU-QH-001-0100

**Bluemonte**

**Long Term Bond ETF**

Schedule of Investments

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **EXCHANGE-TRADED FUNDS — 99.8%** | **EXCHANGE-TRADED FUNDS — 99.8%** | **EXCHANGE-TRADED FUNDS — 99.8%** |
| **Domestic Fixed Income — 99.8%** | **Domestic Fixed Income — 99.8%** | **Domestic Fixed Income — 99.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares Core U.S. Aggregate Bond ETF† | 280814 | $27693877 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Long-Term Bond ETF† | 851459 | 58639981 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Long-Term Corporate Bond ETF | 283545 | 21379293 |
|  |  | 107713151 |
| Total Exchange-Traded Funds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cost $107,593,086) |  | 107713151 |
| Total Investments - 99.8% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cost $107,593,086) |  | $107713151 |

---

Percentages are based on Net Assets $107,906,287.

† Represents
 greater than 25% of the Fund's total investments. For further financial information, please go to the Securities Exchange Commission's
 website at https://www.sec.gov.

ETF — Exchange-Traded Fund

BLU-QH-001-0100

**Bluemonte**

**Diversified Income ETF**

Schedule of Investments

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **EXCHANGE-TRADED FUNDS — 98.2%** | **EXCHANGE-TRADED FUNDS — 98.2%** | **EXCHANGE-TRADED FUNDS — 98.2%** |
| **Domestic Equity — 21.9%** | **Domestic Equity — 21.9%** | **Domestic Equity — 21.9%** |
| &nbsp;&nbsp;&nbsp;Global X MLP ETF | 169318 | $8730036 |
| &nbsp;&nbsp;&nbsp;Real Estate Select Sector SPDR Fund | 207151 | 8578123 |
|  |  | 17308159 |
| **Domestic Fixed Income — 76.3%** | **Domestic Fixed Income — 76.3%** | **Domestic Fixed Income — 76.3%** |
| &nbsp;&nbsp;&nbsp;First Trust Senior Loan ETF | 175284 | 8049041 |
| &nbsp;&nbsp;&nbsp;Invesco Preferred ETF | 606581 | 6872563 |
| &nbsp;&nbsp;&nbsp;PIMCO Active Bond Exchange-Traded Fund† | 306880 | 28143965 |
| &nbsp;&nbsp;&nbsp;SPDR Bloomberg High Yield Bond ETF | 176257 | 17077541 |
|  |  | 60143110 |
| Total Exchange-Traded Funds |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $76,450,905) |  | 77451269 |
| Total Investments - 98.2% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $76,450,905) |  | $77451269 |

---

Percentages are based on Net Assets $78,884,111.

† Represents greater than 25% of the Fund's total investments. For further financial information, please go to the Securities Exchange Commission's website at https://www.sec.gov.

Cl — Class

ETF — Exchange-Traded Fund

MLP — Master Limited Partnership

SPDR — Standard & Poor's Depositary Receipts

BLU-QH-001-0100

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** EXCHANGE TRADED CONCEPTS TRUST

- **b. Investment Company Act file number:** 811-22263

- **c. CIK number of Registrant:** 0001452937

- **d. LEI of Registrant:** 549300TXJW88BSB0KL90

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

  - **Street Address 1:** 10900 HEFNER POINTE DRIVE

  - **City:** OKLAHOMA CITY

  - **State:** OK

  - **Foreign country:** US

  - **Zip / Postal Code:** 73120

  - **Telephone number:** 4057788377

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

- **a. Name of Series:** Bluemonte Long Term Bond ETF

- **b. EDGAR series identifier (if any):** S000092509

- **c. LEI of Series:** 529900Y9RZ4NDPDC6U89

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

- **a. Date of fiscal year-end:** 2026-04-30

- **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:** $106915742.71

**Total Liabilities:** $16286.46

**Net Assets:** $106899456.25

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000260540 | -0.41%               | 1.40%                |  |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $91943.12                | $-690024.49                                |
| Month 2  | $0.00                    | $809220.57                                 |
| Month 3  | $0.00                    | $0.00                                      |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| iShares Core US Aggregate Bond ETF    | ISHARES CORE U.S. AGGREGATE MUTUAL FUND  | CUSIP: 464287226<br>LEI: N/A | Long             | EC               | RF                | US        |    280854 | NS      | $27697821.48  | 25.91%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Long-Term Bond Index Fund    | VANGUARD LONG-TERM BOND ETF MUTUAL FUND  | CUSIP: 921937793<br>LEI: N/A | Long             | EC               | RF                | US        |    843551 | NS      | $58095357.37  | 54.35%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Long Term Corporate Bond Etf | VANGUARD LONG-TERM CORP BOND MUTUAL FUND | CUSIP: 92206C813<br>LEI: N/A | Long             | EC               | RF                | US        |    280913 | NS      | $21180840.20  | 19.81%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

**Name of Applicant:** EXCHANGE TRADED CONCEPTS TRUST

**Signature:** Dennis Lowenfels

**Name of Signer:** Dennis Lowenfels

**Title:** CCO