# EDGAR Filing Document

**Accession Number:** 0001719812
**File Stem:** 0001752724-25-210956
**Filing Date:** 2025-8
**Character Count:** 68230
**Document Hash:** c912fc703f0b9f78ee0d9f9732bae7dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210956.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210956

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Collaborative Investment Series Trust
- **CENTRAL INDEX KEY:** 0001719812

**ORGANIZATION NAME:**
- **EIN:** 826635713
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23306
- **FILM NUMBER:** 251269853

**BUSINESS ADDRESS:**
- **STREET 1:** 500 DAMONTE RANCH
- **STREET 2:** PARKWAY BUILDING 700, UNIT 700
- **CITY:** RENO
- **STATE:** NV
- **ZIP:** 89521
- **BUSINESS PHONE:** 2036226000

**MAIL ADDRESS:**
- **STREET 1:** 500 DAMONTE RANCH
- **STREET 2:** PARKWAY BUILDING 700, UNIT 700
- **CITY:** RENO
- **STATE:** NV
- **ZIP:** 89521

## Series and Classes Contracts Data

### Anydrus Advantage ETF (Series ID: S000084713)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000249165 | Anydrus Advantage ETF | NDOW            |

## Nport-Ex

---

| | |
|:---|:---|
| Portfolio of Investments | June 30, 2025 (Unaudited) |
| **Anydrus Advantage ETF** |  |

---

---

| | | |
|:---|:---|:---|
| ***Shares*** | | ***Fair Value ($)*** |
| **Common Stocks — 39.7%** | **Common Stocks — 39.7%** | **Common Stocks — 39.7%** |
| **Communication Services — 4.4%** | **Communication Services — 4.4%** | **Communication Services — 4.4%** |
| 2206 | Alphabet, Inc., Class A | 388764 |
| 1850 | Baidu, Inc., ADR<sup>(a)</sup> | 158656 |
| 3191 | Iridium Communications, Inc. | 96272 |
| 1975 | JOYY, Inc., ADR | 100547 |
| 4461 | KT Corp., ADR | 92700 |
| 526 | Meta Platforms, Inc., Class A | 388235 |
| 184 | Netflix, Inc.<sup>(a)</sup> | 246400 |
| 4123 | PT Telkom Indonesia Persero Tbk, ADR | 69844 |
| 1117 | VEON Ltd., ADR<sup>(a)</sup> | 51460 |
| 2351 | Walt Disney Co. (The) | 291547 |
| 6658 | Warner Bros Discovery, Inc.<sup>(a)</sup> | 76301 |
| 11140 | Yalla Group, Ltd., ADR<sup>(a)</sup> | 75084 |
|  |  | 2035810 |
| **Consumer Discretionary — 3.7%** | **Consumer Discretionary — 3.7%** | **Consumer Discretionary — 3.7%** |
| 1392 | Alibaba Group Holding, Ltd., ADR | 157866 |
| 2076 | Amazon.com, Inc.<sup>(a)</sup> | 455453 |
| 4139 | Carnival Corp.<sup>(a)</sup> | 116389 |
| 2219 | Coupang, Inc.<sup>(a)</sup> | 66481 |
| 629 | Darden Restaurants, Inc. | 137103 |
| 17329 | Jumia Technologies AG, ADR<sup>(a)</sup> | 69663 |
| 12702 | Melco Resorts & Entertainment, Ltd., ADR<sup>(a)</sup> | 91835 |
| 44 | MercadoLibre, Inc.<sup>(a)</sup> | 115000 |
| 934 | Modine Manufacturing Co.<sup>(a)</sup> | 91999 |
| 1295 | Tapestry, Inc. | 113714 |
| 257 | Tesla, Inc.<sup>(a)</sup> | 81639 |
| 446 | Ulta Beauty, Inc.<sup>(a)</sup> | 208648 |
|  |  | 1705790 |
| **Consumer Staples — 1.8%** | **Consumer Staples — 1.8%** | **Consumer Staples — 1.8%** |
| 3997 | Albertsons Cos, Inc., Class A | 85975 |
| 1964 | Coca-Cola Co. (The) | 138953 |
| 955 | Coca-Cola Femsa Sab de CV, ADR | 92377 |
| 970 | Colgate-Palmolive Co. | 88173 |
| 1491 | Monster Beverage Corp.<sup>(a)</sup> | 93396 |
| 909 | Target Corp. | 89673 |
| 1161 | US Foods Holding Corp.<sup>(a)</sup> | 89409 |
| 1457 | Walmart, Inc. | 142466 |
|  |  | 820422 |
| **Energy — 1.6%** | **Energy — 1.6%** |  |
| 802 | Cheniere Energy, Inc. | 195303 |
| 434 | Chevron Corp. | 62144 |
| 800 | Expand Energy Corp. | 93552 |
| 2719 | Noble Corp. PLC | 72190 |
| 3436 | Occidental Petroleum Corp. | 144346 |
| 5086 | Petroleo Brasileiro SA, ADR | 63626 |
| 1418 | Tidewater, Inc.<sup>(a)</sup> | 65412 |
| 1877 | YPF SA, ADR<sup>(a)</sup> | 59032 |
|  |  | 755605 |
| **Financials — 5.2%** | **Financials — 5.2%** |  |
| 9408 | Aegon, Ltd. | 68114 |
| 924 | Allstate Corp. (The) | 186011 |
| 709 | American Express Co. | 226157 |
| 4869 | Barclays PLC, ADR | 90515 |
| 1075 | Capital One Financial Corp. | 228717 |

---

---

| | |
|:---|:---|
| Portfolio of Investments (continued) | June 30, 2025 (Unaudited) |
| **Anydrus Advantage ETF** |  |

---

---

| | | |
|:---|:---|:---|
| ***Shares*** | | ***Fair Value ($)*** |
| **Common Stocks — 39.7% (continued)** | **Common Stocks — 39.7% (continued)** | **Common Stocks — 39.7% (continued)** |
| **Financials — 5.2% (continued)** | **Financials — 5.2% (continued)** | **Financials — 5.2% (continued)** |
| 559 | Futu Holdings, Ltd., ADR | 69087 |
| 1150 | Intercontinental Exchange, Inc. | 210990 |
| 4853 | Invesco, Ltd. | 76532 |
| 9798 | Itau Unibanco Holding SA, ADR | 66528 |
| 1115 | JPMorgan Chase & Co. | 323249 |
| 529 | Kaspi.KZ JSC, ADR | 44907 |
| 165 | Mastercard, Inc., Class A | 92720 |
| 5104 | NU Holdings, Ltd., Class A<sup>(a)</sup> | 70027 |
| 668 | Progressive Corp. (The) | 178262 |
| 313 | Visa, Inc., Class A | 111131 |
| 2914 | Wells Fargo & Co. | 233469 |
| 5513 | XP, Inc., Class A | 111363 |
|  |  | 2387779 |
| **Health Care — 4.1%** | **Health Care — 4.1%** |  |
| 486 | AbbVie, Inc. | 90211 |
| 1346 | Boston Scientific Corp.<sup>(a)</sup> | 144574 |
| 2970 | Bristol-Myers Squibb Co. | 137482 |
| 1374 | Cardinal Health, Inc. | 230832 |
| 702 | Danaher Corp. | 138673 |
| 113 | Eli Lilly & Co. | 88087 |
| 556 | Encompass Health Corp. | 68182 |
| 1249 | Gilead Sciences, Inc. | 138476 |
| 1277 | Halozyme Therapeutics, Inc.<sup>(a)</sup> | 66430 |
| 304 | HCA Healthcare, Inc. | 116462 |
| 123 | McKesson Corp. | 90132 |
| 1052 | Medtronic PLC | 91703 |
| 4192 | Pfizer, Inc. | 101614 |
| 15702 | Rezolute, Inc.<sup>(a)</sup> | 70031 |
| 3276 | Royalty Pharma PLC, Class A | 118034 |
| 347 | Universal Health Services, Inc., Class B | 62859 |
| 397 | Veeva Systems, Inc., Class A<sup>(a)</sup> | 114328 |
|  |  | 1868110 |
| **Industrials — 3.7%** | **Industrials — 3.7%** |  |
| 841 | Chart Industries, Inc.<sup>(a)</sup> | 138471 |
| 1927 | Embraer SA, ADR | 109666 |
| 1748 | Euroseas, Ltd. | 78171 |
| 229 | GE Vernova, Inc. | 121175 |
| 570 | General Electric Co. | 146712 |
| 525 | Honeywell International, Inc. | 122262 |
| 493 | Howmet Aerospace, Inc. | 91762 |
| 861 | Huntington Ingalls Industries, Inc. | 207897 |
| 572 | L3Harris Technologies, Inc. | 143480 |
| 650 | MasTec, Inc.<sup>(a)</sup> | 110780 |
| 1215 | RELX PLC, ADR | 66023 |
| 1149 | Tecnoglass, Inc. | 88887 |
| 1249 | Textron, Inc. | 100282 |
| 1931 | Uber Technologies, Inc.<sup>(a)</sup> | 180162 |
|  |  | 1705730 |
| **Information Technology — 12.7%** | **Information Technology — 12.7%** | **Information Technology — 12.7%** |
| 393 | Analog Devices, Inc. | 93542 |
| 1307 | Apple, Inc. | 268158 |
| 1256 | Applied Materials, Inc. | 229936 |
| 261 | ASML Holding NV | 209163 |
| 298 | Autodesk, Inc.<sup>(a)</sup> | 92252 |
| 1761 | Broadcom, Inc. | 485420 |
| 4011 | Cisco Systems, Inc. | 278283 |

---

---

| | |
|:---|:---|
| Portfolio of Investments (continued) | June 30, 2025 (Unaudited) |
| **Anydrus Advantage ETF** |  |

---

---

| | | |
|:---|:---|:---|
| ***Shares*** | | ***Fair Value ($)*** |
| **Common Stocks — 39.7% (continued)** | **Common Stocks — 39.7% (continued)** | **Common Stocks — 39.7% (continued)** |
| **Information Technology — 12.7% (continued)** | **Information Technology — 12.7% (continued)** | **Information Technology — 12.7% (continued)** |
| 2134 | Dell Technologies, Inc., Class C | 261628 |
| 3095 | D-Wave Quantum, Inc.<sup>(a)</sup> | 45311 |
| 860 | Fortinet, Inc.<sup>(a)</sup> | 90919 |
| 7020 | Hexagon AB, ADR | 70270 |
| 284 | KLA Corp. | 254390 |
| 8820 | Materialise NV, ADR<sup>(a)</sup> | 49833 |
| 3669 | Micron Technology, Inc. | 452204 |
| 1153 | Microsoft Corp. | 573514 |
| 269 | Monolithic Power Systems, Inc. | 196741 |
| 564 | Nice, Ltd., ADR<sup>(a)</sup> | 95265 |
| 3669 | NVIDIA Corp. | 579666 |
| 701 | NXP Semiconductors NV | 153161 |
| 1071 | Oracle Corp. | 234153 |
| 1336 | Palo Alto Networks, Inc.<sup>(a)</sup> | 273399 |
| 24498 | Rezolve Ai PLC(a) | 75331 |
| 1186 | Seagate Technology Holdings PLC | 171175 |
| 86 | ServiceNow, Inc.<sup>(a)</sup> | 88415 |
| 1551 | Silicon Motion Technology Corp., ADR | 116589 |
| 204 | Snowflake, Inc., Class A<sup>(a)</sup> | 45649 |
| 1422 | Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 322069 |
| 245 | VeriSign, Inc. | 70756 |
|  |  | 5877192 |
| **Materials — 1.6%** | **Materials — 1.6%** |  |
| 3385 | Cia de Minas Buenaventura SAA, ADR | 55582 |
| 6681 | Constellium SE<sup>(a)</sup> | 88857 |
| 1346 | Crown Holdings, Inc. | 138611 |
| 295 | Linde PLC | 138408 |
| 1705 | Newmont Corp. | 99333 |
| 2976 | Ternium SA, ADR | 89578 |
| 12563 | Vale SA, ADR | 121987 |
|  |  | 732356 |
| **Telecommunication Services — 0.1%** | **Telecommunication Services — 0.1%** | **Telecommunication Services — 0.1%** |
| 6935 | Turkcell Iletisim Hizmetleri AS, ADR | 41957 |
| **Utilities — 0.8%** | **Utilities — 0.8%** |  |
| 1981 | Sempra | 150100 |
| 382 | Talen Energy Corp.<sup>(a)</sup> | 111074 |
| 575 | Vistra Corp. | 111441 |
|  |  | 372615 |
| **Total Common Stocks (Cost $16,502,592)** | **Total Common Stocks (Cost $16,502,592)** | **18303366** |
| **Exchange-Traded Funds — 58.9%**  | **Exchange-Traded Funds — 58.9%**  | **Exchange-Traded Funds — 58.9%**  |
| 10380 | Even Herd Long Short ETF | 232979 |
| 40093 | Fidelity Emerging Markets Multifactor ETF | 1122203 |
| 22625 | Flexshares Developed Markets EX-US Quality Low Volatility Index Fund ETF | 706839 |
| 13716 | Future Fund Long/Short ETF (The) | 347289 |
| 34437 | iShares 1-3 Year International Treasury Bond ETF | 2636497 |
| 28027 | iShares Core International Aggregate Bond ETF | 1431899 |
| 16796 | iShares Core MSCI International Developed Markets ETF | 1277168 |
| 133060 | iShares iBonds Dec 2027 Term Treasury ETF | 2992519 |
| 131807 | iShares iBonds Dec 2028 Term Treasury ETF | 2947205 |
| 30510 | iShares International Select Dividend ETF | 1052900 |
| 17316 | iShares MSCI Brazil ETF | 499567 |
| 8196 | iShares MSCI India ETF | 456353 |
| 6753 | iShares MSCI Japan ETF | 506272 |
| 12478 | iShares MSCI United Kingdom ETF | 495626 |
| 3637 | JPMorgan Realty Income ETF | 173267 |

---

---

| | |
|:---|:---|
| Portfolio of Investments (continued) | June 30, 2025 (Unaudited) |
| **Anydrus Advantage ETF** |  |

---

---

| | | |
|:---|:---|:---|
| ***Shares*** | | ***Fair Value ($)*** |
| **Exchange-Traded Funds — 58.9% (continued)** | **Exchange-Traded Funds — 58.9% (continued)** | **Exchange-Traded Funds — 58.9% (continued)** |
| 38217 | NYLI Merger Arbitrage ETF | 1347914 |
| 22899 | Roundhill Bitcoin Covered Call Strategy ETF | 1068009 |
| 8370 | SPDR Bloomberg 1-3 Month T-Bill ETF | 767780 |
| 25970 | SPDR Bloomberg International Corporate Bond ETF | 846362 |
| 23216 | SPDR SSgA Multi-Asset Real Return ETF | 675353 |
| 20958 | Vanguard FTSE All-World ex-US ETF | 1408797 |
| 44750 | Vanguard Intermediate-Term Treasury ETF | 2676498 |
| 20566 | Vanguard Long-Term Treasury ETF | 1154164 |
| 3800 | Virtus Reaves Utilities ETF | 287280 |
| **Total Exchange-Traded Funds (Cost $25,887,346)** | **Total Exchange-Traded Funds (Cost $25,887,346)** | **27110740** |
| **Total Investments — 98.6% (Cost $42,389,938)** | **Total Investments — 98.6% (Cost $42,389,938)** | **45414106** |
| **Other Assets in Excess of Liabilities — 1.4%** | **Other Assets in Excess of Liabilities — 1.4%** | **649137** |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | **46063243** |

---

(a) Non-income
producing security

ADR — American Depositary Receipt

ETF — Exchange-Traded Fund

FTSE — Financial Times Stock Exchange

MSCI — Morgan Stanley Capital International

PLC — Public Limited Company

SPDR — Standard & Poor's Depositary Receipts

SSgA — State Street Global Advisors

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Collaborative Investment Series Trust

- **b. Investment Company Act file number:** 811-23306

- **c. CIK number of Registrant:** 0001719812

- **d. LEI of Registrant:** 549300H9U9P1LQU16S78

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

  - **Street Address 1:** 500 Damonte Ranch Parkway

  - **City:** Reno

  - **State:** NV

  - **Foreign country:** US

  - **Zip / Postal Code:** 89521

  - **Telephone number:** 775-460-2204

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

- **a. Name of Series:** Anydrus Advantage ETF

- **b. EDGAR series identifier (if any):** S000084713

- **c. LEI of Series:** 254900QNMM7FMKX1ZN31

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $49185539.43

**Total Liabilities:** $3122296.13

**Net Assets:** $46063243.30

**Cash Not Reported:** $684441.73

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249165 | -0.36%               | 2.40%                | 3.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-716506.31              | $585144.48                                 |
| Month 2  | $92625.76                | $861952.38                                 |
| Month 3  | $202889.74               | $1160470.95                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TARGET CORPORATION                                              | TARGET CORP                                        | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |       909 | NS      | $89672.85     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Materialise NV                                                  | MATERIALISE NV                                     | CUSIP: 57667T100<br>LEI: 5493004CXYDPCZ5RQK28 | Long             |  | CORP              | BE        |      8820 | NS      | $49833.00     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORPORATION                                              | ORACLE CORP                                        | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      1071 | NS      | $234152.73    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| TAPESTRY, INC.                                                  | TAPESTRY INC                                       | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |      1295 | NS      | $113713.95    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WALT DISNEY COMPANY                                         | WALT DISNEY CO THE                                 | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      2351 | NS      | $291547.51    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ALLSTATE CORPORATION                                        | ALLSTATE CORP                                      | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |       924 | NS      | $186010.44    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA INC.                                                 | GE VERNOVA LLC                                     | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |       229 | NS      | $121175.35    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Joint Stock Company Kaspi.kz                                    | KASPI KZ JSC                                       | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             |  | CORP              | KZ        |       529 | NS      | $44906.81     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VEON Ltd.                                                       | VEON LTD                                           | CUSIP: 91822M502<br>LEI: N/A                  | Long             |  | CORP              | BM        |      1117 | NS      | $51460.19     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH, INC.                                           | CARDINAL HEALTH INC                                | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      1374 | NS      | $230832.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| NYLI Merger Arbitrage ETF                                       | IQ MERGER ARBITRAGE ETF                            | CUSIP: 45409B800<br>LEI: N/A                  | Long             |  | RF                | US        |     38217 | NS      | $1347913.59   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| TIDEWATER INC.                                                  | TIDEWATER INC                                      | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |      1418 | NS      | $65412.34     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORPORATION                                           | MICROSOFT CORP                                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1153 | NS      | $573513.73    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PUBLIC LIMITED COMPANY                                | MEDTRONIC PLC                                      | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      1052 | NS      | $91702.84     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| WARNER BROS. DISCOVERY, INC.                                    | WARNER BROS DISCOVERY INC                          | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |      6658 | NS      | $76300.68     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares International Select Dividend ETF                       | ISHARES INTERNATIONAL SELECT DIVIDEND ETF          | CUSIP: 464288448<br>LEI: 549300N6YD8GRWDMTI21 | Long             |  | RF                | US        |     30510 | NS      | $1052900.10   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| DELL TECHNOLOGIES INC.                                          | DELL TECHNOLOGIES INC                              | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      2134 | NS      | $261628.40    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Roundhill Bitcoin Covered Call Strategy ETF                     | ROUNDHILL BITCOIN COVERED CALL STRATEGY ETF        | CUSIP: 77926X502<br>LEI: N/A                  | Long             |  | RF                | US        |     22899 | NS      | $1068009.36   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NOBLE CORPORATION PLC                                           | NOBLE CORP PLC                                     | CUSIP: G65431127<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | GB        |      2719 | NS      | $72189.45     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                                   | ALPHABET INC                                       | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      2206 | NS      | $388763.38    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| FlexShares Dev Mkts ex-US Ql Low Volatility Idx Fd              | FLEXSHARES DEVELOPED MARKETS EX US QUALITY LOW VOL | CUSIP: 33939L647<br>LEI: N/A                  | Long             |  | RF                | US        |     22625 | NS      | $706838.94    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Rezolve AI PLC                                                  | REZOLVE AI PLC                                     | CUSIP: G75398100<br>LEI: 2138007EPO6C1AEMWX44 | Long             | EC               | CORP              | GB        |     24498 | NS      | $75331.35     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTA BEAUTY, INC.                                               | ULTA BEAUTY INC                                    | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |       446 | NS      | $208647.72    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL HEALTH SERVICES, INC.                                 | UNIVERSAL HEALTH SERVICES                          | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |       347 | NS      | $62859.05     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Bloomberg 1-3 Month T-Bill ETF                             | SPDR BLOOMBERG 1 3 MONTH T BILL ETF                | CUSIP: 78468R663<br>LEI: N/A                  | Long             |  | RF                | US        |      8370 | NS      | $767780.10    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CHART INDUSTRIES, INC.                                          | CHART INDUSTRIES INC                               | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |       841 | NS      | $138470.65    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Jumia Technologies AG                                           | JUMIA TECHNOLOGIES AG                              | CUSIP: 48138M105<br>LEI: 391200JWCL5VCOSXNT56 | Long             |  | CORP              | DE        |     17329 | NS      | $69662.58     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROGRESSIVE CORPORATION                                     | PROGRESSIVE CORPORATION                            | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |       668 | NS      | $178262.48    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                                      | ALBERTSONS COS INC CLASS A                         | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |      3997 | NS      | $85975.47     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                         | BRISTOL MYERS SQUIBB CO                            | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      2970 | NS      | $137481.30    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPAND ENERGY CORPORATION                                       | EXPAND ENERGY CORP                                 | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |       800 | NS      | $93552.00     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nu Holdings Ltd                                                 | NU HOLDINGS LTD CAYMAN ISLANDS                     | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |      5104 | NS      | $70026.88     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTEC, INC.                                                    | MASTEC INC                                         | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |       650 | NS      | $110779.50    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexagon Aktiebolag                                              | HEXAGON AB                                         | CUSIP: 428263107<br>LEI: 549300WJFW6ILNI4TA80 | Long             |  | CORP              | SE        |      7020 | NS      | $70270.20     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TERNIUM S.A.                                                    | TERNIUM SA                                         | CUSIP: 880890108<br>LEI: 529900QG4KU23TEI2E46 | Long             |  | CORP              | LU        |      2976 | NS      | $89577.60     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TALEN ENERGY CORP                                               | TALEN ENERGY CORP                                  | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       382 | NS      | $111074.14    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM, INC.                                                | AMAZON COM INC                                     | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      2076 | NS      | $455453.64    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares iBonds Dec 2028 Term Treasury ETF                       | ISHARES IBONDS DEC 2028 TERM TREASURY ETF          | CUSIP: 46436E833<br>LEI: 549300HVACYCKR8TRD69 | Long             |  | RF                | US        |    131807 | NS      | $2947204.52   | 6.40%             |  |  |  | No            |                  1 | On Loan: No      |
| IRIDIUM COMMUNICATIONS INC.                                     | IRIDIUM COMMUNICATIONS INC                         | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |      3191 | NS      | $96272.47     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Yalla Group Ltd                                                 | YALLA GROUP LTD                                    | CUSIP: 98459U103<br>LEI: 254900JO9GJYWVJTAX89 | Long             |  | CORP              | KY        |     11140 | NS      | $75083.60     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                                                          | SEMPRA ENERGY                                      | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |      1981 | NS      | $150100.37    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORPORATION                                             | CHEVRON CORP                                       | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       434 | NS      | $62144.46     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.                    | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD          | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             |  | CORP              | TW        |      1422 | NS      | $322068.78    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA, INC.                                                     | TESLA INC                                          | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       257 | NS      | $81638.62     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| JOYY INC.                                                       | JOYY INC                                           | CUSIP: 46591M109<br>LEI: 549300N6CHVU5CQZPW24 | Long             |  | CORP              | KY        |      1975 | NS      | $100547.25    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORPORATION                               | CAPITAL ONE FINANCIAL CORP                         | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      1075 | NS      | $228717.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISIGN, INC.                                                  | VERISIGN INC                                       | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |       245 | NS      | $70756.00     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| XP Inc.                                                         | XP INC                                             | CUSIP: G98239109<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               | CORP              | KY        |      5513 | NS      | $111362.60    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding S.A.                                      | ITAU UNIBANCO HOLDING SA                           | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             |  | CORP              | BR        |      9798 | NS      | $66528.42     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS PLC                                                    | BARCLAYS PLC                                       | CUSIP: 06738E204<br>LEI: 213800LBQA1Y9L22JB70 | Long             |  | RF                | GB        |      4869 | NS      | $90514.71     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| HONEYWELL INTERNATIONAL INCORPORATION                           | HONEYWELL INTERNATIONAL INC                        | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |       525 | NS      | $122262.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCOMPASS HEALTH CORPORATION                                    | ENCOMPASS HEALTH CORP                              | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |       556 | NS      | $68182.28     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS, INC.                                             | CISCO SYSTEMS INC                                  | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      4011 | NS      | $278283.18    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Reaves Utilities ETF                                     | VIRTUS REAVES UTILITIES ETF                        | CUSIP: 26923G806<br>LEI: N/A                  | Long             |  | RF                | US        |      3800 | NS      | $287280.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Futu Holdings Ltd                                               | FUTU HOLDINGS LTD                                  | CUSIP: 36118L106<br>LEI: 213800X4W4ZRESFPTQ37 | Long             |  | CORP              | KY        |       559 | NS      | $69086.81     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTINET, INC.                                                  | FORTINET INC                                       | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |       860 | NS      | $90919.20     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| THE COCA-COLA COMPANY                                           | COCA COLA CO                                       | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      1964 | NS      | $138953.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| EMBRAER S.A.                                                    | EMBRAER SA                                         | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             |  | CORP              | BR        |      1927 | NS      | $109665.57    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TURKCELL ILETISIM HIZMETLERI ANONIM SIRKETI                     | TURKCELL ILETISIM HIZMETLERI AS                    | CUSIP: 900111204<br>LEI: 7890003EX1LTLS2FFL84 | Long             |  | CORP              | TR        |      6935 | NS      | $41956.75     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust - iShares MSCI India ETF                          | ISHARES MSCI INDIA ETF                             | CUSIP: 46429B598<br>LEI: 549300282VMCFH7S5848 | Long             |  | RF                | US        |      8196 | NS      | $456353.28    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Brazil ETF                                         | ISHARES MSCI BRAZIL ETF                            | CUSIP: 464286400<br>LEI: N/A                  | Long             |  | RF                | US        |     17316 | NS      | $499566.60    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO LTD                                                     | INVESCO LTD                                        | CUSIP: G491BT108<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | BM        |      4853 | NS      | $76531.81     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                                 | INTERCONTINENTAL EXCHANGE INC                      | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      1150 | NS      | $210990.50    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Long Term Treasury ETF                                 | VANGUARD LONG TERM TREASURY ETF                    | CUSIP: 92206C847<br>LEI: N/A                  | Long             |  | RF                | US        |     20566 | NS      | $1154163.92   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| REZOLUTE, INC.                                                  | REZOLUTE INC                                       | CUSIP: 76200L309<br>LEI: 549300T05L48T72P2G08 | Long             | EC               | CORP              | US        |     15702 | NS      | $70030.92     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMONT CORPORATION                                             | NEWMONT CORP                                       | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      1705 | NS      | $99333.30     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SILICON MOTION TECHNOLOGY CORPORATION                           | SILICON MOTION TECHNOLOGY CORP                     | CUSIP: 82706C108<br>LEI: 5299005RBVBZQJTYFC89 | Long             |  | CORP              | KY        |      1551 | NS      | $116588.67    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO.                                            | JPMORGAN CHASE CO                                  | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      1115 | NS      | $323249.65    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL ELECTRIC COMPANY                                        | GENERAL ELECTRIC COMPANY                           | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |       570 | NS      | $146712.30    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Intermediate Term Treasury ETF                         | VANGUARD INTERMEDIATE TERM TREASURY ETF            | CUSIP: 92206C706<br>LEI: N/A                  | Long             |  | RF                | US        |     44750 | NS      | $2676497.50   | 5.81%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORPORATION                                              | NVIDIA CORP                                        | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      3669 | NS      | $579665.31    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MONSTER BEVERAGE CORPORATION                                    | MONSTER BEVERAGE CORP                              | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |      1491 | NS      | $93396.24     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORPORATION                                            | MCKESSON CORP                                      | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       123 | NS      | $90131.94     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXTRON INC.                                                    | TEXTRON INC                                        | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |      1249 | NS      | $100282.21    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON SCIENTIFIC CORPORATION                                   | BOSTON SCIENTIFIC CORP                             | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |      1346 | NS      | $144573.86    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP.                                                    | VISTRA ENERGY CORP                                 | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |       575 | NS      | $111440.75    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BAIDU, INC.                                                     | BAIDU INC                                          | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             |  | CORP              | KY        |      1850 | NS      | $158656.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MONOLITHIC POWER SYSTEMS, INC.                                  | MONOLITHIS POWER SYSTEMS                           | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       269 | NS      | $196741.22    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                                           | GILEAD SCIENCES INC                                | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      1249 | NS      | $138476.63    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLIUM SE                                                  | CONSTELLIUM SE                                     | CUSIP: F21107101<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               | CORP              | FR        |      6681 | NS      | $88857.30     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares iBonds Dec 2027 Term Treasury ETF                       | ISHARES IBONDS DEC 2027 TERM TREASURY ETF          | CUSIP: 46436E841<br>LEI: 54930020FRFZSOL6BW27 | Long             |  | RF                | US        |    133060 | NS      | $2992519.40   | 6.50%             |  |  |  | No            |                  1 | On Loan: No      |
| NICE LTD                                                        | NICE LTD                                           | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             |  | CORP              | IL        |       564 | NS      | $95265.24     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC.                                                      | APPLE INC                                          | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      1307 | NS      | $268157.19    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Bloomberg International Corporate Bond ETF                 | SPDR BLOOMBERG INTERNATIONAL CORPORATE BOND ETF    | CUSIP: 78464A151<br>LEI: N/A                  | Long             |  | RF                | US        |     25970 | NS      | $846362.30    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola FEMSA, S.A.B. de C.V.                                 | COCA COLA FEMSA SAB DE CV                          | CUSIP: 191241108<br>LEI: 5493008KEVFYPMGTXO33 | Long             |  | CORP              | MX        |       955 | NS      | $92377.15     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| DARDEN RESTAURANTS, INC.                                        | DARDEN RESTAURANTS INC                             | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |       629 | NS      | $137103.13    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MICRON TECHNOLOGY, INC.                                         | MICRON TECHNOLOGY INC                              | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      3669 | NS      | $452204.25    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Even Herd Long Short ETF                                        | EVEN HERD LONG SHORT ETF                           | CUSIP: 88636J543<br>LEI: N/A                  | Long             |  | RF                | US        |     10380 | NS      | $232979.10    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC.                                                     | PFIZER INC                                         | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      4192 | NS      | $101614.08    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ANALOG DEVICES, INC.                                            | ANALOG DEVICES INC                                 | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |       393 | NS      | $93541.86     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INCORPORATED.                                        | MATERCARD INC CLASS A                              | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       165 | NS      | $92720.10     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS, INC.                                            | META PLATFORMS INC                                 | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       526 | NS      | $388235.34    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| SNOWFLAKE INC.                                                  | SNOWFLAKE INC                                      | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |       204 | NS      | $45649.08     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY, INC.                                           | CHENIERE ENERGY INC                                | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |       802 | NS      | $195303.04    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard FTSE All World ex US Index Fund Investor Shares        | VANGUARD FTSE ALL WORLD EX US ETF                  | CUSIP: 922042775<br>LEI: N/A                  | Long             |  | RF                | US        |     20958 | NS      | $1408796.76   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EUROSEAS LTD                                                    | EUROSEAS LTD                                       | CUSIP: Y23592135<br>LEI: 213800ADWWZOFC9KU444 | Long             | EC               | CORP              | MH        |      1748 | NS      | $78170.56     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWMET AEROSPACE INC.                                           | HOWMET AEROSPACE INC                               | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |       493 | NS      | $91762.09     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MELCO RESORTS & ENTERTAINMENT LIMITED                           | MELCO RESORTS ENTERT ADR                           | CUSIP: 585464100<br>LEI: 529900NRV6LBR3T6B421 | Long             |  | CORP              | KY        |     12702 | NS      | $91835.46     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIALS, INC.                                         | APPLIED MATERIALS INC                              | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      1256 | NS      | $229935.92    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| COLGATE-PALMOLIVE COMPANY                                       | COLGATE PALMOLIVE CO                               | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |       970 | NS      | $88173.00     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| VEEVA SYSTEMS INC.                                              | VEEVA SYSTEMS INC                                  | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |       397 | NS      | $114328.06    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY              | SEAGATE TECHNOLOGY HOLD                            | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |      1186 | NS      | $171175.38    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC.                                                     | ABBVIE INC                                         | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |       486 | NS      | $90211.32     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro S.A. (Petrobras)                            | PETROLEO BRASILEIRO SA                             | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             |  | CORP              | BR        |      5086 | NS      | $63625.86     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORPORATION                                | OCCIDENTAL PETROLEUM CORP                          | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |      3436 | NS      | $144346.36    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core MSCI International Developed Mkt ETF               | ISHARES CORE MSCI INTERNATIONAL DEVELOPED MARKETS  | CUSIP: 46435G326<br>LEI: 549300LRJOM3FVVFKB50 | Long             |  | RF                | US        |     16796 | NS      | $1277167.84   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS HOLDING CORP.                                          | US FOODS HOLDING CORP                              | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |      1161 | NS      | $89408.61     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW, INC.                                                | SERVICENOW INC                                     | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |        86 | NS      | $88414.88     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| D-Wave Quantum Inc                                              | D WAVE QUANTUM INC                                 | CUSIP: 26740W109<br>LEI: 5493001U37G4PRD4GW95 | Long             | EC               | CORP              | US        |      3095 | NS      | $45310.80     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| L3HARRIS TECHNOLOGIES, INC.                                     | L3HARRIS TECHNOLOGIES INC                          | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |       572 | NS      | $143480.48    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                                        | AMERICAN EXPRESS CO                                | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |       709 | NS      | $226156.82    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN HOLDINGS, INC.                                            | CROWN HOLDINGS INC                                 | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |      1346 | NS      | $138611.08    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust - iShares MSCI United Kingdom ETF                 | ISHARES MSCI UNITED KINGDOM ETF                    | CUSIP: 46435G334<br>LEI: 549300D5PVRLB9ULJS58 | Long             |  | RF                | US        |     12478 | NS      | $495626.16    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Future Fund Long/Short ETF                                      | FUTURE FUND LONG SHORT ETF THE                     | CUSIP: 66538F165<br>LEI: N/A                  | Long             |  | RF                | US        |     13716 | NS      | $347289.12    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Telkom Indonesia (Persero) Tbk                               | TELKOM INDONESIA PERSERO TBK PT                    | CUSIP: 715684106<br>LEI: 529900M5SQZAOKV1PC81 | Long             |  | CORP              | ID        |      4123 | NS      | $69843.62     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PALO ALTO NETWORKS, INC.                                        | PALO ALTO NETWORKS INC                             | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      1336 | NS      | $273399.04    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares S&P/Citigroup 1 3 Year International Treasury Bond Fund | ISHARES 1 3 YEAR INTERNATIONAL TREASURY BOND ETF   | CUSIP: 464288125<br>LEI: N/A                  | Long             |  | RF                | US        |     34437 | NS      | $2636496.72   | 5.72%             |  |  |  | No            |                  1 | On Loan: No      |
| KT CORPORATION                                                  | KT CORP                                            | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             |  | CORP              | KR        |      4461 | NS      | $92699.58     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC.                                                    | WALMART INC                                        | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      1457 | NS      | $142465.46    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors N.V.                                         | NXP SEMICONDUCTORS NV                              | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |       701 | NS      | $153161.49    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corporation                                            | CARNIVAL CORPORATION                               | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |      4139 | NS      | $116388.68    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC.                                                       | VISA INC                                           | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |       313 | NS      | $111130.65    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR SSgA Multi-Asset Real Return ETF                           | SPDR SSGA MULTI ASSET REAL RETURN ETF              | CUSIP: 78467V103<br>LEI: N/A                  | Long             |  | RF                | US        |     23216 | NS      | $675353.44    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares, Inc - iShares MSCI Japan ETF                           | ISHARES MSCI JAPAN ETF                             | CUSIP: 46434G822<br>LEI: 5493008I6YRUC6I0S051 | Long             |  | RF                | US        |      6753 | NS      | $506272.41    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Realty Income ETF                                      | JPMORGAN REALTY INCOME ETF                         | CUSIP: 46641Q126<br>LEI: N/A                  | Long             |  | RF                | US        |      3637 | NS      | $173266.68    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORPORATION                                             | DANAHER CORP                                       | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |       702 | NS      | $138673.08    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MODINE MANUFACTURING COMPANY                                    | MODINE MANUFACTURING CO                            | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |       934 | NS      | $91999.00     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PUBLIC LIMITED COMPANY                                    | NEW LINDE PLC                                      | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |       295 | NS      | $138408.10    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES, INC.                                         | UBER TECHNOLOGIES INC                              | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      1931 | NS      | $180162.30    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| VALE S.A.                                                       | VALE SA                                            | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             |  | CORP              | BR        |     12563 | NS      | $121986.73    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| YPF Sociedad Anonima                                            | YPF SA                                             | CUSIP: 984245100<br>LEI: 5493003N7447U18U5U53 | Long             |  | CORP              | AR        |      1877 | NS      | $59031.65     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON INGALLS INDUSTRIES, INC.                             | HUNTINGTON INGALLS INDUSTRIES INC                  | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |       861 | NS      | $207897.06    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PUBLIC LIMITED COMPANY                                     | RELX PLC                                           | CUSIP: 759530108<br>LEI: 549300WSX3VBUFFJOO66 | Long             |  | CORP              | GB        |      1215 | NS      | $66023.10     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORPORATION                                                 | KLA CORP                                           | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       284 | NS      | $254390.16    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC.                                                   | BROADCOM INC                                       | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1761 | NS      | $485419.65    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTODESK, INC.                                                  | AUTODESK INC                                       | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |       298 | NS      | $92251.86     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYALTY PHARMA PLC                                              | ROYALTY PHARMA PLC                                 | CUSIP: G7709Q104<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | GB        |      3276 | NS      | $118034.28    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                               | ASML HOLDING NV                                    | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             |  | CORP              | NL        |       261 | NS      | $209162.79    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Compania de Minas Buenaventura S.A.A.                           | CIA DE MINAS BUENAVENTURA SAA                      | CUSIP: 204448104<br>LEI: 529900WQB1ZU9KB6EL71 | Long             |  | CORP              | PE        |      3385 | NS      | $55581.70     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core International Aggregate Bond ETF                   | ISHARES CORE INTERNATIONAL AGGREGATE BOND ETF      | CUSIP: 46435G672<br>LEI: 549300FPQU8XYG8LAX15 | Long             |  | RF                | US        |     28027 | NS      | $1431899.43   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Emerging Markets Multifactor ETF                       | FIDELITY EMERGING MARKETS MULTIFACTOR ETF          | CUSIP: 316092543<br>LEI: N/A                  | Long             |  | RF                | US        |     40093 | NS      | $1122203.07   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX, INC.                                                   | NETFLIX INC                                        | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       184 | NS      | $246399.92    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Tecnoglass Inc.                                                 | TECNOGLASS INC                                     | CUSIP: G87264100<br>LEI: 529900YRWTPOC2E6IO67 | Long             | EC               | CORP              | KY        |      1149 | NS      | $88886.64     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY AND COMPANY                                           | ELI LILLY CO                                       | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       113 | NS      | $88086.89     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Limited                                   | ALIBABA GROUP HOLDING ADR                          | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             |  | CORP              | KY        |      1392 | NS      | $157866.72    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                                           | WELLS FARGO CO                                     | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      2914 | NS      | $233469.68    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| COUPANG, INC.                                                   | COUPANG INC                                        | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |      2219 | NS      | $66481.24     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre, Inc.                                              | MERCADOLIBRE INC                                   | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |        44 | NS      | $114999.72    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Aegon Ltd                                                       | AEGON LTD                                          | CUSIP: 0076CA104<br>LEI: O4QK7KMMK83ITNTHUG69 | Long             |  | CORP              | BM        |      9408 | NS      | $68113.92     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA HEALTHCARE, INC.                                            | HCA HEALTHCARE INC                                 | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |       304 | NS      | $116462.40    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HALOZYME THERAPEUTICS, INC.                                     | HALOZYME THERAPEUTICS INC                          | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |      1277 | NS      | $66429.54     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Collaborative Investment Series Trust

**Signature:** Bill McCormick

**Name of Signer:** Bill McCormick

**Title:** Treasurer