# EDGAR Filing Document

**Accession Number:** 0002043954
**File Stem:** 0000894189-26-016915
**Filing Date:** 2026-6
**Character Count:** 51641
**Document Hash:** f84c30b670257697b59bf27f2bbae103
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-016915.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000894189-26-016915

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** REX ETF Trust
- **CENTRAL INDEX KEY:** 0002043954

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24023
- **FILM NUMBER:** 261049580

**BUSINESS ADDRESS:**
- **STREET 1:** 1241 POST ROAD
- **CITY:** FAIRFIELD
- **STATE:** CT
- **ZIP:** 06824
- **BUSINESS PHONE:** 203-654-7008

**MAIL ADDRESS:**
- **STREET 1:** 1241 POST ROAD
- **CITY:** FAIRFIELD
- **STATE:** CT
- **ZIP:** 06824

## Series and Classes Contracts Data

### REX IncomeMax Option Strategy ETF (Series ID: S000096102)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000264889 | REX IncomeMax Option Strategy ETF | ULTI            |

## Nport-Ex

aa

---

| | | | |
|:---|:---|:---|:---|
| **REX IncomeMax Option Strategy ETF** | **REX IncomeMax Option Strategy ETF** | **REX IncomeMax Option Strategy ETF** | **REX IncomeMax Option Strategy ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 97.8%** | **COMMON STOCKS - 97.8%** | **Shares**  | **Value**  |
| **Administrative and Support and Waste Management and Remediation Services - 5.0%** | **Administrative and Support and Waste Management and Remediation Services - 5.0%** | **Administrative and Support and Waste Management and Remediation Services - 5.0%** | |
| Upstart Holdings, Inc. <sup>(a)(b)</sup> | Upstart Holdings, Inc. <sup>(a)(b)</sup> | 28300 | $725895 |
| **Finance and Insurance - 23.7%** | **Finance and Insurance - 23.7%** | **Finance and Insurance - 23.7%** |  |
| Affirm Holdings, Inc. <sup>(a)(b)</sup> | Affirm Holdings, Inc. <sup>(a)(b)</sup> | 16700 | 765194 |
| Lemonade, Inc. <sup>(a)(b)</sup> | Lemonade, Inc. <sup>(a)(b)</sup> | 11600 | 727088 |
| Planet Labs PBC <sup>(a)(b)</sup> | Planet Labs PBC <sup>(a)(b)</sup> | 22600 | 631670 |
| Sable Offshore Corp. <sup>(a)(b)(c)</sup> | Sable Offshore Corp. <sup>(a)(b)(c)</sup> | 38600 | 637672 |
| Terawulf, Inc. <sup>(a)(b)</sup> | Terawulf, Inc. <sup>(a)(b)</sup> | 47800 | 689754 |
|  |  |  | 3451378 |
| **Information - 20.0%** | **Information - 20.0%** | **Information - 20.0%** |  |
| Applied Digital Corp. <sup>(a)(b)</sup> | Applied Digital Corp. <sup>(a)(b)</sup> | 29800 | 707452 |
| AST SpaceMobile, Inc. <sup>(a)(b)(c)</sup> | AST SpaceMobile, Inc. <sup>(a)(b)(c)</sup> | 8900 | 737543 |
| Fastly, Inc. - Class A <sup>(a)(b)</sup> | Fastly, Inc. - Class A <sup>(a)(b)</sup> | 25800 | 749748 |
| Nebius Group NV <sup>(a)(b)(c)</sup> | Nebius Group NV <sup>(a)(b)(c)</sup> | 7000 | 726320 |
|  |  |  | 2921063 |
| **Manufacturing - 39.7% <sup>(d)</sup>** | **Manufacturing - 39.7% <sup>(d)</sup>** | **Manufacturing - 39.7% <sup>(d)</sup>** |  |
| Applied Optoelectronics, Inc. <sup>(a)(b)</sup> | Applied Optoelectronics, Inc. <sup>(a)(b)</sup> | 7300 | 617507 |
| Babcock & Wilcox Enterprises, Inc. <sup>(a)(b)</sup> | Babcock & Wilcox Enterprises, Inc. <sup>(a)(b)</sup> | 47900 | 703651 |
| Coherent Corp. <sup>(a)(b)</sup> | Coherent Corp. <sup>(a)(b)</sup> | 2900 | 690809 |
| Firefly Aerospace, Inc. <sup>(a)(b)</sup> | Firefly Aerospace, Inc. <sup>(a)(b)</sup> | 29400 | 837018 |
| Intuitive Machines, Inc. <sup>(a)(b)</sup> | Intuitive Machines, Inc. <sup>(a)(b)</sup> | 39300 | 729408 |
| Lumentum Holdings, Inc. <sup>(a)(b)</sup> | Lumentum Holdings, Inc. <sup>(a)(b)</sup> | 1100 | 773036 |
| SolarEdge Technologies, Inc. <sup>(a)(b)(c)</sup> | SolarEdge Technologies, Inc. <sup>(a)(b)(c)</sup> | 13700 | 699385 |
| Unusual Machines, Inc. <sup>(a)(b)</sup> | Unusual Machines, Inc. <sup>(a)(b)</sup> | 58900 | 730360 |
|  |  |  | 5781174 |
| **Software Publishers - 5.0%** | **Software Publishers - 5.0%** | **Software Publishers - 5.0%** |  |
| Red Cat Holdings, Inc. <sup>(a)(b)</sup> | Red Cat Holdings, Inc. <sup>(a)(b)</sup> | 55300 | 723877 |
| **Utilities - 4.4%** | **Utilities - 4.4%** | **Utilities - 4.4%** |  |
| Venture Global, Inc. - Class A <sup>(b)(c)</sup> | Venture Global, Inc. - Class A <sup>(b)(c)</sup> | 41300 | 650888 |
| **TOTAL COMMON STOCKS** (Cost $14,061,724) | **TOTAL COMMON STOCKS** (Cost $14,061,724) | **TOTAL COMMON STOCKS** (Cost $14,061,724) | 14254275 |
| **PURCHASED OPTIONS - 2.3% <sup>(a)</sup>** | **Notional Amount**  | **Contracts**  | **Value**  |
| **Call Options - 1.1% <sup>(b)(e)(f)</sup>** | **Call Options - 1.1% <sup>(b)(e)(f)</sup>** |  |  |
|  Affirm Holdings, Inc., Expiration: 04/02/2026; Exercise Price: $46.00 | 765194 | 167 | 18203 |
|  Applied Digital Corp., Expiration: 04/02/2026; Exercise Price: $26.00 | 707452 | 298 | 4470 |
|  Applied Optoelectronics, Inc., Expiration: 04/02/2026; Exercise Price: $110.00 | 617507 | 73 | 730 |
|  AST SpaceMobile, Inc., Expiration: 04/02/2026; Exercise Price: $89.00 | 737543 | 89 | 6853 |
|  Babcock & Wilcox Enterprises, Inc., Expiration: 04/02/2026; Exercise Price: $17.00 | 703651 | 479 | 7185 |
|  Coherent Corp., Expiration: 04/02/2026; Exercise Price: $267.50 | 690809 | 29 | 725 |
|  Fastly, Inc., Expiration: 04/02/2026; Exercise Price: $30.50 | 749748 | 258 | 5160 |
|  Firefly Aerospace, Inc., Expiration: 04/02/2026; Exercise Price: $27.00 | 837018 | 294 | 58800 |
|  Intuitive Machines, Inc., Expiration: 04/02/2026; Exercise Price: $20.50 | 729408 | 393 | 7860 |
|  Lemonade, Inc., Expiration: 04/02/2026; Exercise Price: $66.00 | 727088 | 116 | 5800 |
|  Lumentum Holdings, Inc., Expiration: 04/02/2026; Exercise Price: $770.00 | 773036 | 11 | 3740 |
|  Nebius Group NV, Expiration: 04/02/2026; Exercise Price: $110.00 | 726320 | 70 | 5600 |
|  Planet Labs PBC, Expiration: 04/02/2026; Exercise Price: $35.00 | 631670 | 226 | 226 |
|  Red Cat Holdings, Inc., Expiration: 04/02/2026; Exercise Price: $14.00 | 723877 | 553 | 9954 |
|  Sable Offshore Corp., Expiration: 04/02/2026; Exercise Price: $20.50 | 637672 | 386 | 3860 |
|  SolarEdge Technologies, Inc., Expiration: 04/02/2026; Exercise Price: $57.00 | 699385 | 137 | 2466 |
|  Terawulf, Inc., Expiration: 04/02/2026; Exercise Price: $16.00 | 689754 | 478 | 3824 |
|  Unusual Machines, Inc., Expiration: 04/02/2026; Exercise Price: $13.50 | 730360 | 589 | 5890 |
|  Upstart Holdings, Inc., Expiration: 04/02/2026; Exercise Price: $27.00 | 725895 | 283 | 4811 |
|  Venture Global, Inc., Expiration: 04/02/2026; Exercise Price: $18.50 | 650888 | 413 | 2065 |
| **Total Call Options** |  |  | 158222 |
| **Put Options - 1.2% <sup>(b)(e)(f)</sup>** | **Put Options - 1.2% <sup>(b)(e)(f)</sup>** |  |  |
|  Affirm Holdings, Inc., Expiration: 04/02/2026; Exercise Price: $39.00 | 765194 | 167 | 835 |
|  Applied Digital Corp., Expiration: 04/02/2026; Exercise Price: $21.00 | 1414904 | 596 | 7152 |
|  Applied Optoelectronics, Inc., Expiration: 04/02/2026; Exercise Price: $78.00 | 1235014 | 146 | 21170 |
|  AST SpaceMobile, Inc., Expiration: 04/02/2026; Exercise Price: $71.00 | 1475086 | 178 | 3738 |
|  Babcock & Wilcox Enterprises, Inc., Expiration: 04/02/2026; Exercise Price: $12.00 | 1407302 | 958 | 4790 |
|  Coherent Corp., Expiration: 04/02/2026; Exercise Price: $207.50 | 1381618 | 58 | 5046 |
|  Fastly, Inc., Expiration: 04/02/2026; Exercise Price: $24.50 | 1499496 | 516 | 5160 |
|  Firefly Aerospace, Inc., Expiration: 04/02/2026; Exercise Price: $21.00 | 837018 | 294 | 588 |
|  Intuitive Machines, Inc., Expiration: 04/02/2026; Exercise Price: $15.50 | 1458816 | 786 | 6288 |
|  Lemonade, Inc., Expiration: 04/02/2026; Exercise Price: $56.00 | 727088 | 116 | 2320 |
|  Lumentum Holdings, Inc., Expiration: 04/02/2026; Exercise Price: $630.00 | 1546072 | 22 | 7920 |
|  Nebius Group NV, Expiration: 04/02/2026; Exercise Price: $92.00 | 1452640 | 140 | 4340 |
|  Planet Labs PBC, Expiration: 04/02/2026; Exercise Price: $26.00 | 1263340 | 452 | 9040 |
|  Red Cat Holdings, Inc., Expiration: 04/02/2026; Exercise Price: $11.00 | 1447754 | 1106 | 5530 |
|  Sable Offshore Corp., Expiration: 04/06/2026; Exercise Price: $15.50 | 1275344 | 772 | 26248 |
|  SolarEdge Technologies, Inc., Expiration: 04/02/2026; Exercise Price: $47.00 | 1398770 | 274 | 10686 |
|  Terawulf, Inc., Expiration: 04/02/2026; Exercise Price: $13.00 | 1379508 | 956 | 9560 |
|  Unusual Machines, Inc., Expiration: 04/02/2026; Exercise Price: $10.50 | 1460720 | 1178 | 17670 |
|  Upstart Holdings, Inc., Expiration: 04/02/2026; Exercise Price: $23.00 | 725895 | 283 | 1981 |
|  Venture Global, Inc., Expiration: 04/02/2026; Exercise Price: $15.50 | 1301776 | 826 | 33040 |
| **Total Put Options** |  |  | 183102 |
| **TOTAL PURCHASED OPTIONS** (Cost $597,048) | **TOTAL PURCHASED OPTIONS** (Cost $597,048) | **TOTAL PURCHASED OPTIONS** (Cost $597,048) | 341324 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 7.3%** | **MONEY MARKET FUNDS - 7.3%** | **Shares**  | **Value**  |
| First American Government Obligations Fund - Class X, 3.58% <sup>(g)</sup> | First American Government Obligations Fund - Class X, 3.58% <sup>(g)</sup> | 1063849 | 1063849 |
| **TOTAL MONEY MARKET FUNDS** (Cost $1,063,849) | **TOTAL MONEY MARKET FUNDS** (Cost $1,063,849) | **TOTAL MONEY MARKET FUNDS** (Cost $1,063,849) | 1063849 |
| **TOTAL INVESTMENTS - 107.4% (**Cost $15,722,621**)** | **TOTAL INVESTMENTS - 107.4% (**Cost $15,722,621**)** | **TOTAL INVESTMENTS - 107.4% (**Cost $15,722,621**)** | 15659448 |
| Liabilities in Excess of Other Assets - (7.4%) <sup>(h)</sup> | Liabilities in Excess of Other Assets - (7.4%) <sup>(h)</sup> | Liabilities in Excess of Other Assets - (7.4%) <sup>(h)</sup> | (1085489) |
| **TOTAL NET ASSETS - 100.0%** |  |  | $14573959 |
| Percentages are stated as a percentage of net assets. | Percentages are stated as a percentage of net assets. | Percentages are stated as a percentage of net assets. |  |

---

(a) Non-income producing security.

(b) Held in connection with written option contracts. See Schedule of Written Options for further information.

(c) All or a portion of the security has been pledged as collateral for written options. The fair value of assets committed as collateral as of March 31, 2026 was $3,410,373.

(d) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.

(e) 100 shares per contract.

(f) Exchange-traded.

(g) The rate shown represents the 7-day annualized yield as of March 31, 2026.

(h) Includes cash of $291,451 that is pledged as collateral for written options.

------

---

| | | | |
|:---|:---|:---|:---|
| **REX IncomeMax Option Strategy ETF** | **REX IncomeMax Option Strategy ETF** | **REX IncomeMax Option Strategy ETF** | **REX IncomeMax Option Strategy ETF** |
| **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **WRITTEN OPTIONS - (8.2%) <sup>(a)(b)</sup>** | **Notional Amount** | **Contracts** | **Value** |
| **Call Options - (4.1%)** | **Call Options - (4.1%)** | **Call Options - (4.1%)** | **Call Options - (4.1%)** |
| Affirm Holdings, Inc., Expiration: 04/02/2026; Exercise Price: $42.50 | $(765194) | (167) | $(59452) |
| AST SpaceMobile, Inc., Expiration: 04/02/2026; Exercise Price: $80.00 | (737543) | (89) | (39605) |
| Babcock & Wilcox Enterprises, Inc., Expiration: 04/02/2026; Exercise Price: $15.00 | (703651) | (479) | (21555) |
| Coherent Corp., Expiration: 04/02/2026; Exercise Price: $242.50 | (690809) | (29) | (14123) |
| Fastly, Inc., Expiration: 04/02/2026; Exercise Price: $27.50 | (749748) | (258) | (49536) |
| Firefly Aerospace, Inc., Expiration: 04/02/2026; Exercise Price: $24.00 | (837018) | (294) | (137886) |
| Intuitive Machines, Inc., Expiration: 04/02/2026; Exercise Price: $18.00 | (729408) | (393) | (44802) |
| Lemonade, Inc., Expiration: 04/02/2026; Exercise Price: $61.00 | (727088) | (116) | (29928) |
| Lumentum Holdings, Inc., Expiration: 04/02/2026; Exercise Price: $700.00 | (773036) | (11) | (27225) |
| Planet Labs PBC, Expiration: 04/02/2026; Exercise Price: $31.00 | (631670) | (226) | (4068) |
| Red Cat Holdings, Inc., Expiration: 04/02/2026; Exercise Price: $12.50 | (723877) | (553) | (52535) |
| SolarEdge Technologies, Inc., Expiration: 04/02/2026; Exercise Price: $52.00 | (699385) | (137) | (16166) |
| Terawulf, Inc., Expiration: 04/02/2026; Exercise Price: $14.50 | (689754) | (478) | (22944) |
| Unusual Machines, Inc., Expiration: 04/02/2026; Exercise Price: $12.00 | (730360) | (589) | (41230) |
| Upstart Holdings, Inc., Expiration: 04/02/2026; Exercise Price: $25.00 | (725895) | (283) | (31696) |
| Venture Global, Inc., Expiration: 04/02/2026; Exercise Price: $17.00 | (650888) | (413) | (6195) |
| **Total Call Options** |  |  | (598946) |
| **Put Options - (4.1%)** | **Put Options - (4.1%)** | **Put Options - (4.1%)** | **Put Options - (4.1%)** |
| Applied Digital Corp., Expiration: 04/02/2026; Exercise Price: $23.50 | (707452) | (298) | (20860) |
| Applied Optoelectronics, Inc., Expiration: 04/02/2026; Exercise Price: $97.00 | (617507) | (73) | (93440) |
| AST SpaceMobile, Inc., Expiration: 04/02/2026; Exercise Price: $80.00 | (737543) | (89) | (13706) |
| Babcock & Wilcox Enterprises, Inc., Expiration: 04/02/2026; Exercise Price: $15.00 | (703651) | (479) | (38320) |
| Coherent Corp., Expiration: 04/02/2026; Exercise Price: $242.50 | (690809) | (29) | (50083) |
| Fastly, Inc., Expiration: 04/02/2026; Exercise Price: $27.50 | (749748) | (258) | (13416) |
| Intuitive Machines, Inc., Expiration: 04/02/2026; Exercise Price: $18.00 | (729408) | (393) | (18471) |
| Lumentum Holdings, Inc., Expiration: 04/02/2026; Exercise Price: $700.00 | (773036) | (11) | (24200) |
| Nebius Group NV, Expiration: 04/02/2026; Exercise Price: $101.00 | (726320) | (70) | (13160) |
| Planet Labs PBC, Expiration: 04/02/2026; Exercise Price: $31.00 | (631670) | (226) | (71642) |
| Red Cat Holdings, Inc., Expiration: 04/02/2026; Exercise Price: $12.50 | (723877) | (553) | (16590) |
| Sable Offshore Corp., Expiration: 04/02/2026; Exercise Price: $18.50 | (637672) | (386) | (90131) |
| SolarEdge Technologies, Inc., Expiration: 04/02/2026; Exercise Price: $52.00 | (699385) | (137) | (31236) |
| Terawulf, Inc., Expiration: 04/02/2026; Exercise Price: $14.50 | (689754) | (478) | (25812) |
| Unusual Machines, Inc., Expiration: 04/02/2026; Exercise Price: $12.00 | (730360) | (589) | (23560) |
| Venture Global, Inc., Expiration: 04/02/2026; Exercise Price: $17.00 | (650888) | (413) | (58233) |
| **Total Put Options** |  |  | (602860) |
| **TOTAL WRITTEN OPTIONS** (Premiums received $1,200,908) |  |  | $(1201806) |
| Percentages are stated as a percentage of net assets. | Percentages are stated as a percentage of net assets. | Percentages are stated as a percentage of net assets. | Percentages are stated as a percentage of net assets. |

---

(a) 100 shares per contract.

(b) Exchange-traded.

------

#### Summary of Fair Value Disclosure as of March 31, 2026 (Unaudited)
REX IncomeMax Option Strategy ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $14254275 | $– | $– | $14254275 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Purchased Options | – | 341324 | – | 341324 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 1063849 | – | – | 1063849 |
| Total Investments | $15318124 | $341324 | $– | $15659448 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Written Options | $– | $(1201806) | $– | $(1201806) |
| Total Investments | $– | $(1201806) | $– | $(1201806) |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-24023

- **c. CIK number of Registrant:** 0002043954

- **d. LEI of Registrant:** 529900HJ88CACDMNTC36

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

  - **Street Address 1:** 777 Brickell Avenue

  - **City:** Miami

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33131

  - **Telephone number:** 203-654-7008

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

- **a. Name of Series:** REX IncomeMax Option Strategy ETF

- **b. EDGAR series identifier (if any):** S000096102

- **c. LEI of Series:** 5299008H38XHO9JHQB68

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $18611639.96

**Total Liabilities:** $3995528.74

**Net Assets:** $14616111.22

**Cash Not Reported:** $350302.66

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000264889 | 11.41%               | -11.79%              | 5.08%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4685785.69              | $-1144184.95                               |
| Month 2  | $-3930772.17             | $1950769.63                                |
| Month 3  | $1389696.52              | $-513563.89                                |

**Designated Index Information**

- **Index Name:** Melanion Bitcoin Exposure Index

- **Index Identifier:** MBCEXI

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Venture Global Inc             | Venture Global Inc                         | CUSIP: 92333F101<br>LEI: 2549007XC91CAB3E0N98 | Long             | EC               | CORP              | US        |     41300 | NS      | $650888.00    | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Babcock & Wilcox Enterprises Inc           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       479 | NC      | $7185.00      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Babcock & Wilcox Enterprises Inc           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       958 | NC      | $4790.00      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Babcock & Wilcox Enterprises Inc           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -479 | NC      | $-38320.00    | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Coherent Corp                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -29 | NC      | $-14123.00    | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Coherent Corp                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        29 | NC      | $725.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Coherent Corp                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        58 | NC      | $5046.00      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Coherent Corp                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -29 | NC      | $-50083.00    | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Firefly Aerospace Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -294 | NC      | $-137886.00   | -0.94%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Fastly Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -258 | NC      | $-49536.00    | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Fastly Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       258 | NC      | $5160.00      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Fastly Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       258 | NC      | $2580.00      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Fastly Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -258 | NC      | $-13416.00    | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Lumentum Holdings Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -11 | NC      | $-27225.00    | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Lumentum Holdings Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        11 | NC      | $3740.00      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Lumentum Holdings Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        11 | NC      | $3960.00      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Lumentum Holdings Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -11 | NC      | $-24200.00    | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Lemonade Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -116 | NC      | $-12180.00    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Nebius Group NV                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        70 | NC      | $5600.00      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Nebius Group NV                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -70 | NC      | $-13160.00    | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Red Cat Holdings Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -553 | NC      | $-52535.00    | -0.36%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Red Cat Holdings Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       553 | NC      | $9954.00      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Red Cat Holdings Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       553 | NC      | $2765.00      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Terawulf Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -478 | NC      | $-22944.00    | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| AST SpaceMobile Inc            | AST SpaceMobile Inc                        | CUSIP: 00217D100<br>LEI: 254900MBSC9P2UCI6623 | Long             | EC               | CORP              | US        |      8900 | NS      | $737543.00    | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Affirm Holdings Inc            | Affirm Holdings Inc                        | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16700 | NS      | $765194.00    | 5.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Digital Corp           | Applied Digital Corp                       | CUSIP: 038169207<br>LEI: 2549004NE2B6RYXINZ02 | Long             | EC               | CORP              | US        |     29800 | NS      | $707452.00    | 4.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Optoelectronics Inc    | Applied Optoelectronics Inc                | CUSIP: 03823U102<br>LEI: 529900I8U6Q5SYDNLT48 | Long             | EC               | CORP              | US        |      7300 | NS      | $617507.00    | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Babcock & Wilcox Enterprises I | Babcock & Wilcox Enterprises Inc           | CUSIP: 05614L209<br>LEI: 5493006H661OZN2C0T54 | Long             | EC               | CORP              | US        |     47900 | NS      | $703651.00    | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                  | Coherent Corp                              | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |      2900 | NS      | $690809.00    | 4.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastly Inc                     | Fastly Inc                                 | CUSIP: 31188V100<br>LEI: 549300E2FZC83FJ3H565 | Long             | EC               | CORP              | US        |     25800 | NS      | $749748.00    | 5.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Firefly Aerospace Inc          | Firefly Aerospace Inc                      | CUSIP: 31816X106<br>LEI: 529900JPYLDP30163X55 | Long             | EC               | CORP              | US        |     29400 | NS      | $837018.00    | 5.73%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1063849 | NS      | $1063849.32   | 7.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Machines Inc         | Intuitive Machines Inc                     | CUSIP: 46125A100<br>LEI: 254900386IE2PEPLVM59 | Long             | EC               | CORP              | US        |     39300 | NS      | $729408.00    | 4.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Lemonade Inc                   | Lemonade Inc                               | CUSIP: 52567D107<br>LEI: 5493009BKR06OXXU6853 | Long             | EC               | CORP              | US        |     11600 | NS      | $727088.00    | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc          | Lumentum Holdings Inc                      | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |      1100 | NS      | $773036.00    | 5.29%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Affirm Holdings Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -167 | NC      | $-59452.00    | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Affirm Holdings Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       167 | NC      | $18203.00     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Firefly Aerospace Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       294 | NC      | $58800.00     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Firefly Aerospace Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       294 | NC      | $588.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Firefly Aerospace Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -294 | NC      | $-2940.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Nebius Group NV                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       140 | NC      | $1960.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Planet Labs PBC                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -226 | NC      | $-4068.00     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Planet Labs PBC                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       226 | NC      | $226.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Red Cat Holdings Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -553 | NC      | $-16590.00    | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | SolarEdge Technologies Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -137 | NC      | $-16166.00    | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | SolarEdge Technologies Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       137 | NC      | $2466.00      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | SolarEdge Technologies Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       274 | NC      | $4384.00      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | SolarEdge Technologies Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -137 | NC      | $-31236.00    | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Sable Offshore Corp                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -386 | NC      | $-3088.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Sable Offshore Corp                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       386 | NC      | $3860.00      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Sable Offshore Corp                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       386 | NC      | $28178.00     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Sable Offshore Corp                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -386 | NC      | $-90131.00    | -0.62%            |  |  |  | No            |                  2 | On Loan: No      |
| Planet Labs PBC                | Planet Labs PBC                            | CUSIP: 72703X106<br>LEI: 254900Q7PVI3HTQBRB44 | Long             | EC               | CORP              | US        |     22600 | NS      | $631670.00    | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Cat Holdings Inc           | Red Cat Holdings Inc                       | CUSIP: 75644T100<br>LEI: 5493005OGSQW28V2PY05 | Long             | EC               | CORP              | PR        |     55300 | NS      | $723877.00    | 4.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Sable Offshore Corp            | Sable Offshore Corp                        | CUSIP: 78574H104<br>LEI: 254900IMMKZUOZF7V487 | Long             | EC               | CORP              | US        |     38600 | NS      | $637672.00    | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SolarEdge Technologies Inc     | SolarEdge Technologies Inc                 | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | IL        |     13700 | NS      | $699385.00    | 4.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Terawulf Inc                   | Terawulf Inc                               | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Long             | EC               | CORP              | US        |     47800 | NS      | $689754.00    | 4.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Unusual Machines Inc /US       | Unusual Machines Inc /US                   | CUSIP: 91532F102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58900 | NS      | $730360.00    | 5.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Upstart Holdings Inc           | Upstart Holdings Inc                       | CUSIP: 91680M107<br>LEI: 549300WNB47JRNENIC75 | Long             | EC               | CORP              | US        |     28300 | NS      | $725895.00    | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Applied Optoelectronics Inc                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -73 | NC      | $-4015.00     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Applied Optoelectronics Inc                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        73 | NC      | $730.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Applied Optoelectronics Inc                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       146 | NC      | $21170.00     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Applied Optoelectronics Inc                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -73 | NC      | $-93440.00    | -0.64%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Affirm Holdings Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       167 | NC      | $835.00       | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Affirm Holdings Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -167 | NC      | $-4676.00     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Applied Digital Corp                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       298 | NC      | $4470.00      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Applied Digital Corp                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       596 | NC      | $3576.00      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Applied Digital Corp                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -298 | NC      | $-20860.00    | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | AST SpaceMobile Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -89 | NC      | $-39605.00    | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | AST SpaceMobile Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        89 | NC      | $6853.00      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | AST SpaceMobile Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        89 | NC      | $1869.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | AST SpaceMobile Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -89 | NC      | $-13706.00    | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Babcock & Wilcox Enterprises Inc           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -479 | NC      | $-21555.00    | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Nebius Group NV                | Nebius Group NV                            | CUSIP: N/A<br>LEI: 549300GGZHJ5Q1B18P93       | Long             | EC               | CORP              | NL        |      7000 | NS      | $726320.00    | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Planet Labs PBC                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       452 | NC      | $9040.00      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Planet Labs PBC                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -226 | NC      | $-71642.00    | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Unusual Machines Inc /US                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -589 | NC      | $-41230.00    | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Unusual Machines Inc /US                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       589 | NC      | $5890.00      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Unusual Machines Inc /US                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1178 | NC      | $11780.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Unusual Machines Inc /US                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -589 | NC      | $-23560.00    | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Upstart Holdings Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -283 | NC      | $-31696.00    | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Upstart Holdings Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       283 | NC      | $4811.00      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Upstart Holdings Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       283 | NC      | $1981.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Upstart Holdings Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -283 | NC      | $-10754.00    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Venture Global Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -413 | NC      | $-6195.00     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Venture Global Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       413 | NC      | $2065.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Venture Global Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       413 | NC      | $16520.00     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Venture Global Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -413 | NC      | $-58233.00    | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Terawulf Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       478 | NC      | $3824.00      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Terawulf Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       478 | NC      | $4780.00      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Terawulf Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -478 | NC      | $-25812.00    | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Lemonade Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -116 | NC      | $-29928.00    | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Lemonade Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       116 | NC      | $5800.00      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Lemonade Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       116 | NC      | $2320.00      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Intuitive Machines Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -393 | NC      | $-44802.00    | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Intuitive Machines Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       393 | NC      | $7860.00      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Intuitive Machines Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       393 | NC      | $3144.00      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Intuitive Machines Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -393 | NC      | $-18471.00    | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

**Name of Applicant:** REX ETF Trust

**Signature:** s/ Robert Rokose

**Name of Signer:** Robert Rokose

**Title:** Chief Financial Officer