# EDGAR Filing Document

**Accession Number:** 0001345125
**File Stem:** 0001580642-25-007554
**Filing Date:** 2025-12
**Character Count:** 80265
**Document Hash:** 2b7607890aa1496184b552be8e2ac636
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-25-007554.hdr.sgml**: 20251203

**ACCESSION NUMBER**: 0001580642-25-007554

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 17

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251203

**DATE AS OF CHANGE**: 20251203

**EFFECTIVENESS DATE**: 20251203

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CYBER HORNET TRUST
- **CENTRAL INDEX KEY:** 0001345125

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21836
- **FILM NUMBER:** 251547404

**BUSINESS ADDRESS:**
- **STREET 1:** 200 2ND AVE. SOUTH #737
- **CITY:** ST. PETERSBURG
- **STATE:** FL
- **ZIP:** 33701
- **BUSINESS PHONE:** 719-884-7500

**MAIL ADDRESS:**
- **STREET 1:** 200 2ND AVE. SOUTH #737
- **CITY:** ST. PETERSBURG
- **STATE:** FL
- **ZIP:** 33701

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ONEFUND Trust
- **DATE OF NAME CHANGE:** 20230314

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Index Funds
- **DATE OF NAME CHANGE:** 20140220

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Giant 5 Funds
- **DATE OF NAME CHANGE:** 20051122

## Series and Classes Contracts Data

### CYBER HORNET S&P 500(R) (Series ID: S000046772)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000146106 | No Load Shares | INDEX           |

?xml version='1.0' encoding='ASCII'?

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

**FORM N-CSR**

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED**

**MANAGEMENT INVESTMENT COMPANIES**

Investment Company Act file number: <u>811-21836</u>

**CYBER HORNET TRUST**

(Exact name of registrant as specified in charter)

200 2nd Ave. South #737

St. Petersburg, FL 33701

(Address of principal executive offices) (Zip code)

Michael G. Willis

200 2<sup>nd</sup> Ave. South #737

St. Petersburg, FL33701

(Name and address of agent for service)

With Copies To:

Bo J. Howell, Esq.

FinTech Law, LLC

6224 Turpin Hills Drive

Cincinnati, Ohio 45244

Registrant's telephone number, including area code: <u>1-727-502-0808</u>

Date of fiscal year end: <u>March 31</u>

Date of reporting period: <u>September 30, 2025</u>

**Item 1. Reports to Stockholders.**

(a) #### CYBER HORNET S&P 500<sup>®</sup>
(INDEX)

#### Semi-Annual Shareholder Report - September 30, 2025
![Image](ic6f46bff2e703a5905072bd2.jpg)

# Fund Overview
This semi-annual shareholder report contains important information about CYBER HORNET S&P 500<sup>®</sup> (the "Fund") for the period of April 1, 2025 to September 30, 2025. You can find additional information about the Fund at https://funddocs.filepoint.com/onefund/. You can also request this information by contacting us at 1-844-464-6339. This report describes changes to the Fund that occurred after the reporting period as described below in Material Fund Changes.

# What were the Fund's costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| No Load Shares | $14 | 0.25% |

---

# **Fund Statistics** 

---

| | |
|:---|:---|
| Net Assets | $151073129 |
| Number of Portfolio Holdings | 508 |
| Total Advisory Fees Paid (net of waivers) | $0 |
| Portfolio Turnover | 11% |

---

# Top 10 Holdings (% of net assets)

---

| | |
|:---|:---|
| &nbsp;&nbsp;Holding Name | &nbsp;&nbsp;% of Net Assets |
| &nbsp;&nbsp;Nvidia Corp. | &nbsp;&nbsp;8.1% |
| &nbsp;&nbsp;Apple, Inc. | &nbsp;&nbsp;6.8% |
| &nbsp;&nbsp;Microsoft Corp. | &nbsp;&nbsp;6.8% |
| &nbsp;&nbsp;Amazon.com, Inc. | &nbsp;&nbsp;3.6% |
| &nbsp;&nbsp;Meta Platforms, Inc., Class A | &nbsp;&nbsp;2.8% |
| &nbsp;&nbsp;Broadcom, Inc. | &nbsp;&nbsp;2.7% |
| &nbsp;&nbsp;Alphabet, Inc., Class A | &nbsp;&nbsp;2.5% |
| &nbsp;&nbsp;Tesla, Inc. | &nbsp;&nbsp;2.2% |
| &nbsp;&nbsp;Alphabet, Inc., Class C | &nbsp;&nbsp;2.1% |
| &nbsp;&nbsp;Berkshire Hathaway, Inc., Class B | &nbsp;&nbsp;1.7% |

---

# Composition of Net Assets (% of net assets)
![Group By Sector Chart](i0c72894622abba6cb9808f93.jpg)

---

| | |
|:---|:---|
| **Value** | **Value** |
| Exchange-Traded Funds | 0.3% |
| Materials | 1.8% |
| Real Estate | 1.8% |
| Utilities | 2.2% |
| Energy | 3.0% |
| Consumer Staples | 5.0% |
| Industrials | 7.8% |
| Health Care | 9.0% |
| Consumer Discretionary | 10.4% |
| Communications | 10.6% |
| Financials | 13.0% |
| Technology | 35.1% |

---

# Material Fund Changes
This is a summary of certain changes to the Fund since April 1, 2025. For more complete information you may review the Fund's prospectus dated July 29, 2025, which is available upon request at 1-844-464-6339 or on the Fund's website at https://funddocs.filepoint.com/onefund/.

Effective October 24, 2025, the Fund changed its name from ONEFUND S&P 500<sup><sup>®</sup></sup> to CYBER HORNET S&P 500<sup><sup>®</sup></sup>.

# Where can I find additional information about the Fund?
Additional information is available on the Fund's website (**https://funddocs.filepoint.com/onefund/**), including its:

* Prospectus

* Financial information

* Holdings

* Proxy voting information

#### CYBER HORNET S&P 500<sup>®</sup> - No Load Shares (INDEX)

#### Semi-Annual Shareholder Report - September 30, 2025
![Image](ic6f46bff2e703a5905072bd2.jpg)

TSR-SAR 093025-INDEX

(b) Not
 Applicable.

**Item 2. Code of Ethics.** 

Not Applicable – disclosed with annual report

**Item 3. Audit Committee Financial Expert.** 

Not Applicable – disclosed with annual report

**Item 4. Principal Accountant Fees and Services.** 

Not Applicable – disclosed with annual report

**Item 5. Audit Committee of Listed Registrants.** 

Not Applicable – disclosed with annual report

**Item 6. Investments.** 

The Registrant's schedule of investments in unaffiliated issuers is included in the Financial Statements under Item 7 of this form.

**Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.**

(a) ![](img_001.jpg)

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| Schedule of Investments | 1 |
| Statement of Assets and Liabilities | 7 |
| Statement of Operations | 8 |
| Statements of Changes in Net Assets | 9 |
| Financial Highlights | 10 |
| Notes to Financial Statements | 11 |
| Additional Information | 16 |

---

<u>CYBER HORNET S&P 500<sup>®</sup></u> <u>Schedule of Investments</u> <br> September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **COMMON STOCKS — 99.67%** |  |  |
| **Communications — 10.62%** |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Inc., Class A | 15580 | $3787498 |
| &nbsp;&nbsp;&nbsp;Alphabet, Inc., Class C | 12762 | 3108185 |
| &nbsp;&nbsp;&nbsp;AppLovin Corp., Class A<sup>(a)</sup> | 13 | 9341 |
| &nbsp;&nbsp;&nbsp;AT&T, Inc. | 18972 | 535770 |
| &nbsp;&nbsp;&nbsp;Booking Holdings, Inc. | 89 | 480535 |
| &nbsp;&nbsp;&nbsp;Charter Communications, Inc., Class A<sup>(a)</sup> | 258 | 70977 |
| &nbsp;&nbsp;&nbsp;Comcast Corp., Class A | 10077 | 316619 |
| &nbsp;&nbsp;&nbsp;Electronic Arts, Inc. | 634 | 127878 |
| &nbsp;&nbsp;&nbsp;Fox Corp., Class A | 635 | 40043 |
| &nbsp;&nbsp;&nbsp;Fox Corp., Class B | 351 | 20109 |
| &nbsp;&nbsp;&nbsp;GoDaddy, Inc., Class A<sup>(a)</sup> | 370 | 50627 |
| &nbsp;&nbsp;&nbsp;Interpublic Group of Companies, Inc. | 1018 | 28412 |
| &nbsp;&nbsp;&nbsp;Match Group, Inc. | 720 | 25430 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Inc., Class A | 5811 | 4267482 |
| &nbsp;&nbsp;&nbsp;Netflix, Inc.<sup>(a)</sup> | 1143 | 1370366 |
| &nbsp;&nbsp;&nbsp;News Corp., Class A | 1012 | 31078 |
| &nbsp;&nbsp;&nbsp;News Corp., Class B | 305 | 10538 |
| &nbsp;&nbsp;&nbsp;Omnicom Group, Inc. | 519 | 42314 |
| &nbsp;&nbsp;&nbsp;Paramount Skydance Corp. | 1279 | 24199 |
| &nbsp;&nbsp;&nbsp;Take-Two Interactive Software, Inc.<sup>(a)</sup> | 414 | 106961 |
| &nbsp;&nbsp;&nbsp;T-Mobile US, Inc. | 1280 | 306406 |
| &nbsp;&nbsp;&nbsp;Trade Desk, Inc. (The), Class A<sup>(a)</sup> | 1171 | 57391 |
| &nbsp;&nbsp;&nbsp;VeriSign, Inc. | 224 | 62624 |
| &nbsp;&nbsp;&nbsp;Verizon Communications, Inc. | 11303 | 496767 |
| &nbsp;&nbsp;&nbsp;Walt Disney Co. (The) | 4840 | 554180 |
| &nbsp;&nbsp;&nbsp;Warner Bros. Discovery, Inc.<sup>(a)</sup> | 5795 | 113176 |
|  |  | 16044906 |
| **Consumer Discretionary — 10.39%** |  |  |
| &nbsp;&nbsp;&nbsp;Airbnb, Inc., Class A<sup>(a)</sup> | 1131 | 137326 |
| &nbsp;&nbsp;&nbsp;Amazon.com, Inc.<sup>(a)</sup> | 24858 | 5458291 |
| &nbsp;&nbsp;&nbsp;Aptiv PLC<sup>(a)</sup> | 736 | 63458 |
| &nbsp;&nbsp;&nbsp;AutoZone, Inc.<sup>(a)</sup> | 46 | 197351 |
| &nbsp;&nbsp;&nbsp;Axon Enterprise, Inc.<sup>(a)</sup> | 185 | 132763 |
| &nbsp;&nbsp;&nbsp;Best Buy Co., Inc. | 502 | 37961 |
| &nbsp;&nbsp;&nbsp;Builders FirstSource, Inc.<sup>(a)</sup> | 327 | 39649 |
| &nbsp;&nbsp;&nbsp;Caesars Entertainment, Inc.<sup>(a)</sup> | 563 | 15215 |
| &nbsp;&nbsp;&nbsp;CarMax, Inc.<sup>(a)</sup> | 419 | 18801 |
| &nbsp;&nbsp;&nbsp;Carnival Corp.<sup>(a)</sup> | 2667 | 77103 |
| &nbsp;&nbsp;&nbsp;Chipotle Mexican Grill, Inc.<sup>(a)</sup> | 3620 | 141868 |
| &nbsp;&nbsp;&nbsp;Copart, Inc.<sup>(a)</sup> | 2272 | 102172 |
| &nbsp;&nbsp;&nbsp;D.R. Horton, Inc. | 789 | 133712 |
| &nbsp;&nbsp;&nbsp;Darden Restaurants, Inc. | 313 | 59583 |
| &nbsp;&nbsp;&nbsp;Deckers Outdoor Corp.<sup>(a)</sup> | 403 | 40852 |
| &nbsp;&nbsp;&nbsp;Domino's Pizza, Inc. | 93 | 40149 |
| &nbsp;&nbsp;&nbsp;DoorDash, Inc., Class A<sup>(a)</sup> | 889 | 241799 |
| &nbsp;&nbsp;&nbsp;eBay, Inc. | 1350 | 122783 |
| &nbsp;&nbsp;&nbsp;Expedia Group, Inc. | 341 | 72889 |
| &nbsp;&nbsp;&nbsp;Ford Motor Co. | 10314 | 123355 |
| &nbsp;&nbsp;&nbsp;General Motors Co. | 2984 | 181934 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **Consumer Discretionary (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Genuine Parts Co. | 367 | $50866 |
| &nbsp;&nbsp;&nbsp;Hasbro, Inc. | 347 | 26320 |
| &nbsp;&nbsp;&nbsp;Hilton Worldwide Holdings, Inc. | 664 | 172268 |
| &nbsp;&nbsp;&nbsp;Home Depot, Inc. (The) | 2669 | 1081452 |
| &nbsp;&nbsp;&nbsp;Las Vegas Sands Corp. | 978 | 52607 |
| &nbsp;&nbsp;&nbsp;Lennar Corp., Class A | 652 | 82178 |
| &nbsp;&nbsp;&nbsp;Live Nation Entertainment, Inc.<sup>(a)</sup> | 373 | 60948 |
| &nbsp;&nbsp;&nbsp;LKQ Corp. | 711 | 21714 |
| &nbsp;&nbsp;&nbsp;Lowe's Companies, Inc. | 1507 | 378724 |
| &nbsp;&nbsp;&nbsp;Lululemon Athletica, Inc.<sup>(a)</sup> | 300 | 53379 |
| &nbsp;&nbsp;&nbsp;Marriott International, Inc., Class A | 641 | 166942 |
| &nbsp;&nbsp;&nbsp;Masco Corp. | 585 | 41178 |
| &nbsp;&nbsp;&nbsp;McDonald's Corp. | 1919 | 583164 |
| &nbsp;&nbsp;&nbsp;MGM Resorts International | 722 | 25025 |
| &nbsp;&nbsp;&nbsp;Mohawk Industries, Inc.<sup>(a)</sup> | 140 | 18049 |
| &nbsp;&nbsp;&nbsp;NIKE, Inc., Class B | 3178 | 221602 |
| &nbsp;&nbsp;&nbsp;Norwegian Cruise Lines Holdings Ltd.<sup>(a)</sup> | 1134 | 27930 |
| &nbsp;&nbsp;&nbsp;NVR, Inc.<sup>(a)</sup> | 8 | 64277 |
| &nbsp;&nbsp;&nbsp;O'Reilly Automotive, Inc.<sup>(a)</sup> | 2272 | 244944 |
| &nbsp;&nbsp;&nbsp;Pool Corp. | 103 | 31937 |
| &nbsp;&nbsp;&nbsp;PulteGroup, Inc. | 556 | 73464 |
| &nbsp;&nbsp;&nbsp;Ralph Lauren Corp. | 103 | 32297 |
| &nbsp;&nbsp;&nbsp;Ross Stores, Inc. | 875 | 133341 |
| &nbsp;&nbsp;&nbsp;Royal Caribbean Cruises Ltd. | 624 | 201914 |
| &nbsp;&nbsp;&nbsp;Starbucks Corp. | 2960 | 250415 |
| &nbsp;&nbsp;&nbsp;Tapestry, Inc. | 601 | 68045 |
| &nbsp;&nbsp;&nbsp;Tesla, Inc.<sup>(a)</sup> | 7377 | 3280700 |
| &nbsp;&nbsp;&nbsp;TJX Companies, Inc. (The) | 2989 | 432031 |
| &nbsp;&nbsp;&nbsp;TKO Group Holdings, Inc. | 186 | 37565 |
| &nbsp;&nbsp;&nbsp;Tractor Supply Co. | 1408 | 80073 |
| &nbsp;&nbsp;&nbsp;Ulta Beauty, Inc.<sup>(a)</sup> | 125 | 68344 |
| &nbsp;&nbsp;&nbsp;Williams-Sonoma, Inc. | 312 | 60980 |
| &nbsp;&nbsp;&nbsp;Wynn Resorts Ltd. | 252 | 32324 |
| &nbsp;&nbsp;&nbsp;Yum! Brands, Inc. | 651 | 98952 |
|  |  | 15694963 |
| **Consumer Staples — 4.96%** |  |  |
| &nbsp;&nbsp;&nbsp;Altria Group, Inc. | 4512 | 298063 |
| &nbsp;&nbsp;&nbsp;Archer-Daniels-Midland Co. | 1399 | 83576 |
| &nbsp;&nbsp;&nbsp;Brown-Forman Corp., Class B | 480 | 12998 |
| &nbsp;&nbsp;&nbsp;Bunge Global SA | 386 | 31363 |
| &nbsp;&nbsp;&nbsp;Campbell Soup Co. | 523 | 16516 |
| &nbsp;&nbsp;&nbsp;Church & Dwight Co., Inc. | 647 | 56697 |
| &nbsp;&nbsp;&nbsp;Clorox Co. (The) | 327 | 40319 |
| &nbsp;&nbsp;&nbsp;Coca-Cola Co. (The) | 10453 | 693243 |
| &nbsp;&nbsp;&nbsp;Colgate-Palmolive Co. | 2162 | 172830 |
| &nbsp;&nbsp;&nbsp;Conagra Brands, Inc. | 1272 | 23290 |
| &nbsp;&nbsp;&nbsp;Constellation Brands, Inc., Class A | 422 | 56831 |
| &nbsp;&nbsp;&nbsp;Costco Wholesale Corp. | 1173 | 1085764 |
| &nbsp;&nbsp;&nbsp;Dollar General Corp. | 567 | 58599 |
| &nbsp;&nbsp;&nbsp;Dollar Tree, Inc.<sup>(a)</sup> | 550 | 51904 |

---

<u>*See Notes to Financial Statements.*</u>   <br> Financial Statements \| September 30, 2025 1

<u>CYBER HORNET S&P 500<sup>®</sup></u> <u>Schedule of Investments</u> <br> September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Consumer Staples (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Estee Lauder Companies, Inc. (The), Class A | 611 | $53841 |
| &nbsp;&nbsp;&nbsp;General Mills, Inc. | 1499 | 75579 |
| &nbsp;&nbsp;&nbsp;Hershey Co. (The) | 394 | 73698 |
| &nbsp;&nbsp;&nbsp;Hormel Foods Corp. | 772 | 19099 |
| &nbsp;&nbsp;&nbsp;J.M. Smucker Co. (The) | 282 | 30625 |
| &nbsp;&nbsp;&nbsp;Kellogg Co. | 694 | 56922 |
| &nbsp;&nbsp;&nbsp;Kenvue, Inc. | 4569 | 74155 |
| &nbsp;&nbsp;&nbsp;Keurig Dr Pepper, Inc. | 2737 | 69821 |
| &nbsp;&nbsp;&nbsp;Kimberly-Clark Corp. | 890 | 110663 |
| &nbsp;&nbsp;&nbsp;Kraft Heinz Co. (The) | 2067 | 53825 |
| &nbsp;&nbsp;&nbsp;Kroger Co. (The) | 1743 | 117496 |
| &nbsp;&nbsp;&nbsp;Lamb Weston Holdings, Inc. | 384 | 22303 |
| &nbsp;&nbsp;&nbsp;McCormick & Co., Inc., Non-Voting Shares | 660 | 44161 |
| &nbsp;&nbsp;&nbsp;Molson Coors Brewing Co., Class B | 493 | 22308 |
| &nbsp;&nbsp;&nbsp;Mondelez International, Inc., Class A | 3485 | 217708 |
| &nbsp;&nbsp;&nbsp;Monster Beverage Corp.<sup>(a)</sup> | 1925 | 129572 |
| &nbsp;&nbsp;&nbsp;PepsiCo, Inc. | 3650 | 512606 |
| &nbsp;&nbsp;&nbsp;Philip Morris International, Inc. | 4183 | 678482 |
| &nbsp;&nbsp;&nbsp;Procter & Gamble Co. (The) | 6341 | 974295 |
| &nbsp;&nbsp;&nbsp;Sysco Corp. | 1313 | 108112 |
| &nbsp;&nbsp;&nbsp;Target Corp. | 1224 | 109793 |
| &nbsp;&nbsp;&nbsp;Tyson Foods, Inc., Class A | 752 | 40834 |
| &nbsp;&nbsp;&nbsp;Walmart, Inc. | 11781 | 1214149 |
|  |  | 7492040 |
| **Energy — 2.99%** |  |  |
| &nbsp;&nbsp;&nbsp;APA Corp. | 811 | 19691 |
| &nbsp;&nbsp;&nbsp;Baker Hughes Co., Class A | 2600 | 126672 |
| &nbsp;&nbsp;&nbsp;Chevron Corp. | 5312 | 824900 |
| &nbsp;&nbsp;&nbsp;ConocoPhillips | 3461 | 327376 |
| &nbsp;&nbsp;&nbsp;Coterra Energy, Inc. | 1979 | 46803 |
| &nbsp;&nbsp;&nbsp;Devon Energy Corp. | 1683 | 59006 |
| &nbsp;&nbsp;&nbsp;Diamondback Energy, Inc. | 468 | 66971 |
| &nbsp;&nbsp;&nbsp;Enphase Energy, Inc.<sup>(a)</sup> | 354 | 12528 |
| &nbsp;&nbsp;&nbsp;EOG Resources, Inc. | 1504 | 168628 |
| &nbsp;&nbsp;&nbsp;EQT Corp. | 1101 | 59927 |
| &nbsp;&nbsp;&nbsp;Expand Energy Corp. | 602 | 63956 |
| &nbsp;&nbsp;&nbsp;Exxon Mobil Corp. | 12038 | 1357284 |
| &nbsp;&nbsp;&nbsp;First Solar, Inc.<sup>(a)</sup> | 284 | 62631 |
| &nbsp;&nbsp;&nbsp;Halliburton Co. | 2336 | 57466 |
| &nbsp;&nbsp;&nbsp;Kinder Morgan, Inc. | 5093 | 144183 |
| &nbsp;&nbsp;&nbsp;Marathon Petroleum Corp. | 967 | 186380 |
| &nbsp;&nbsp;&nbsp;Occidental Petroleum Corp. | 1746 | 82499 |
| &nbsp;&nbsp;&nbsp;ONEOK, Inc. | 1535 | 112009 |
| &nbsp;&nbsp;&nbsp;Phillips 66 | 1130 | 153703 |
| &nbsp;&nbsp;&nbsp;Schlumberger Ltd. | 3753 | 128991 |
| &nbsp;&nbsp;&nbsp;Targa Resources Corp. | 589 | 98681 |
| &nbsp;&nbsp;&nbsp;Texas Pacific Land Corp. | 2 | 1867 |
| &nbsp;&nbsp;&nbsp;Valero Energy Corp. | 900 | 153234 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Energy (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Williams Companies, Inc. (The) | 3162 | $200313 |
|  |  | 4515699 |
| **Financials — 13.02%** |  |  |
| &nbsp;&nbsp;&nbsp;Aflac, Inc. | 1383 | 154481 |
| &nbsp;&nbsp;&nbsp;Allstate Corp. (The) | 691 | 148323 |
| &nbsp;&nbsp;&nbsp;American Express Co. | 1486 | 493590 |
| &nbsp;&nbsp;&nbsp;American International Group, Inc. | 1844 | 144828 |
| &nbsp;&nbsp;&nbsp;Ameriprise Financial, Inc. | 264 | 129690 |
| &nbsp;&nbsp;&nbsp;Aon PLC, Class A | 575 | 205034 |
| &nbsp;&nbsp;&nbsp;Apollo Asset Management, Inc., Class A | 45 | 5997 |
| &nbsp;&nbsp;&nbsp;Arch Capital Group Ltd. | 967 | 87736 |
| &nbsp;&nbsp;&nbsp;Arthur J. Gallagher & Co. | 572 | 177172 |
| &nbsp;&nbsp;&nbsp;Assurant, Inc. | 138 | 29891 |
| &nbsp;&nbsp;&nbsp;Bank of America Corp. | 18179 | 937855 |
| &nbsp;&nbsp;&nbsp;Bank of New York Mellon Corp. (The) | 1995 | 217375 |
| &nbsp;&nbsp;&nbsp;Berkshire Hathaway, Inc., Class B<sup>(a)</sup> | 4940 | 2483536 |
| &nbsp;&nbsp;&nbsp;BlackRock, Inc. | 368 | 429039 |
| &nbsp;&nbsp;&nbsp;Blackstone Group L.P. (The), Class A | 1906 | 325640 |
| &nbsp;&nbsp;&nbsp;Brown & Brown, Inc. | 623 | 58431 |
| &nbsp;&nbsp;&nbsp;Capital One Financial Corp. | 1673 | 355646 |
| &nbsp;&nbsp;&nbsp;Cboe Global Markets, Inc. | 277 | 67934 |
| &nbsp;&nbsp;&nbsp;Charles Schwab Corp. (The) | 3961 | 378157 |
| &nbsp;&nbsp;&nbsp;Chubb Ltd. | 993 | 280274 |
| &nbsp;&nbsp;&nbsp;Cincinnati Financial Corp. | 407 | 64347 |
| &nbsp;&nbsp;&nbsp;Citigroup, Inc. | 5044 | 511966 |
| &nbsp;&nbsp;&nbsp;Citizens Financial Group, Inc. | 1222 | 64962 |
| &nbsp;&nbsp;&nbsp;CME Group, Inc. | 941 | 254249 |
| &nbsp;&nbsp;&nbsp;Coinbase Global, Inc., Class A<sup>(a)</sup> | 592 | 199794 |
| &nbsp;&nbsp;&nbsp;ERIE Indemnity Co., Class A | 67 | 21317 |
| &nbsp;&nbsp;&nbsp;Everest Re Group, Ltd. | 115 | 40276 |
| &nbsp;&nbsp;&nbsp;Fifth Third Bancorp | 1776 | 79121 |
| &nbsp;&nbsp;&nbsp;Franklin Resources, Inc. | 798 | 18458 |
| &nbsp;&nbsp;&nbsp;Globe Life, Inc. | 227 | 32454 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs Group, Inc. (The) | 834 | 664156 |
| &nbsp;&nbsp;&nbsp;Hartford Financial Services Group, Inc. (The) | 788 | 105111 |
| &nbsp;&nbsp;&nbsp;Huntington Bancshares, Inc. | 3756 | 64866 |
| &nbsp;&nbsp;&nbsp;Interactive Brokers Group, Inc., Class A | 21 | 1445 |
| &nbsp;&nbsp;&nbsp;Intercontinental Exchange, Inc. | 1519 | 255921 |
| &nbsp;&nbsp;&nbsp;Invesco Ltd. | 1196 | 27436 |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase & Co. | 7665 | 2417770 |
| &nbsp;&nbsp;&nbsp;KeyCorp | 2461 | 45996 |
| &nbsp;&nbsp;&nbsp;KKR & Co., Inc. | 1785 | 231961 |
| &nbsp;&nbsp;&nbsp;Loews Corp. | 485 | 48689 |
| &nbsp;&nbsp;&nbsp;M&T Bank Corp. | 433 | 85569 |
| &nbsp;&nbsp;&nbsp;Marsh & McLennan Companies, Inc. | 1300 | 261989 |
| &nbsp;&nbsp;&nbsp;MasterCard, Inc., Class A | 2224 | 1265034 |
| &nbsp;&nbsp;&nbsp;MetLife, Inc. | 1611 | 132698 |

---

<u>*See Notes to Financial Statements.*</u>   <br> 2 https://cyberhornet.io/

<u>CYBER HORNET S&P 500<sup>®</sup></u> <u>Schedule of Investments</u> <br> September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Moody's Corp. | 413 | $196786 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley | 3250 | 516620 |
| &nbsp;&nbsp;&nbsp;MSCI, Inc. | 208 | 118021 |
| &nbsp;&nbsp;&nbsp;Nasdaq, Inc. | 893 | 78986 |
| &nbsp;&nbsp;&nbsp;Northern Trust Corp. | 530 | 71338 |
| &nbsp;&nbsp;&nbsp;PayPal Holdings, Inc.<sup>(a)</sup> | 2667 | 178849 |
| &nbsp;&nbsp;&nbsp;PNC Financial Services Group, Inc. (The) | 1050 | 210977 |
| &nbsp;&nbsp;&nbsp;Principal Financial Group, Inc. | 568 | 47093 |
| &nbsp;&nbsp;&nbsp;Progressive Corp. (The) | 1548 | 382279 |
| &nbsp;&nbsp;&nbsp;Prudential Financial, Inc. | 953 | 98864 |
| &nbsp;&nbsp;&nbsp;Raymond James Financial, Inc. | 496 | 85610 |
| &nbsp;&nbsp;&nbsp;Regions Financial Corp. | 2426 | 63974 |
| &nbsp;&nbsp;&nbsp;Robinhood Markets, Inc., Class A<sup>(a)</sup> | 36 | 5154 |
| &nbsp;&nbsp;&nbsp;S&P Global, Inc. | 847 | 412243 |
| &nbsp;&nbsp;&nbsp;State Street Corp. | 798 | 92576 |
| &nbsp;&nbsp;&nbsp;Synchrony Financial | 1066 | 75739 |
| &nbsp;&nbsp;&nbsp;T. Rowe Price Group, Inc. | 579 | 59429 |
| &nbsp;&nbsp;&nbsp;Travelers Companies, Inc. (The) | 602 | 168090 |
| &nbsp;&nbsp;&nbsp;Truist Financial Corp. | 3508 | 160386 |
| &nbsp;&nbsp;&nbsp;U.S. Bancorp | 4128 | 199506 |
| &nbsp;&nbsp;&nbsp;Visa, Inc., Class A | 4497 | 1535186 |
| &nbsp;&nbsp;&nbsp;W.R. Berkley Corp. | 782 | 59917 |
| &nbsp;&nbsp;&nbsp;Wells Fargo & Co. | 9221 | 772904 |
| &nbsp;&nbsp;&nbsp;Willis Towers Watson PLC | 265 | 91544 |
|  |  | 19688285 |
| **Health Care — 8.96%** |  |  |
| &nbsp;&nbsp;&nbsp;Abbott Laboratories | 4698 | 629250 |
| &nbsp;&nbsp;&nbsp;AbbVie, Inc. | 4756 | 1101203 |
| &nbsp;&nbsp;&nbsp;Agilent Technologies, Inc. | 769 | 98701 |
| &nbsp;&nbsp;&nbsp;Align Technology, Inc.<sup>(a)</sup> | 189 | 23667 |
| &nbsp;&nbsp;&nbsp;AmerisourceBergen Corp. | 438 | 136888 |
| &nbsp;&nbsp;&nbsp;Amgen, Inc. | 1403 | 395927 |
| &nbsp;&nbsp;&nbsp;Baxter International, Inc. | 1334 | 30375 |
| &nbsp;&nbsp;&nbsp;Becton, Dickinson and Co. | 764 | 142998 |
| &nbsp;&nbsp;&nbsp;Biogen, Inc.<sup>(a)</sup> | 376 | 52670 |
| &nbsp;&nbsp;&nbsp;Bio-Techne Corp. | 418 | 23253 |
| &nbsp;&nbsp;&nbsp;Boston Scientific Corp.<sup>(a)</sup> | 3897 | 380464 |
| &nbsp;&nbsp;&nbsp;Bristol-Myers Squibb Co. | 5365 | 241962 |
| &nbsp;&nbsp;&nbsp;Cardinal Health, Inc. | 643 | 100925 |
| &nbsp;&nbsp;&nbsp;Centene Corp.<sup>(a)</sup> | 1409 | 50273 |
| &nbsp;&nbsp;&nbsp;Charles River Laboratories International, Inc.<sup>(a)</sup> | 136 | 21279 |
| &nbsp;&nbsp;&nbsp;Cigna Corp. | 737 | 212440 |
| &nbsp;&nbsp;&nbsp;Cooper Companies, Inc. (The)<sup>(a)</sup> | 515 | 35308 |
| &nbsp;&nbsp;&nbsp;CVS Health Corp. | 3329 | 250974 |
| &nbsp;&nbsp;&nbsp;Danaher Corp. | 1700 | 337042 |
| &nbsp;&nbsp;&nbsp;DaVita, Inc.<sup>(a)</sup> | 142 | 18868 |
| &nbsp;&nbsp;&nbsp;DexCom, Inc.<sup>(a)</sup> | 1005 | 67626 |
| &nbsp;&nbsp;&nbsp;Edwards LifeSciences Corp.<sup>(a)</sup> | 1600 | 124432 |
| &nbsp;&nbsp;&nbsp;Elevance Health, Inc. | 614 | 198396 |
| &nbsp;&nbsp;&nbsp;Eli Lilly & Co. | 2135 | 1629004 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Health Care (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;GE HealthCare Technologies, Inc. | 1057 | $79381 |
| &nbsp;&nbsp;&nbsp;Gilead Sciences, Inc. | 3250 | 360750 |
| &nbsp;&nbsp;&nbsp;HCA Healthcare, Inc. | 491 | 209264 |
| &nbsp;&nbsp;&nbsp;Henry Schein, Inc.<sup>(a)</sup> | 345 | 22898 |
| &nbsp;&nbsp;&nbsp;Hologic, Inc.<sup>(a)</sup> | 624 | 42114 |
| &nbsp;&nbsp;&nbsp;Humana, Inc. | 325 | 84555 |
| &nbsp;&nbsp;&nbsp;IDEXX Laboratories, Inc.<sup>(a)</sup> | 215 | 137361 |
| &nbsp;&nbsp;&nbsp;Incyte Corp.<sup>(a)</sup> | 494 | 41896 |
| &nbsp;&nbsp;&nbsp;Insulet Corp.<sup>(a)</sup> | 187 | 57733 |
| &nbsp;&nbsp;&nbsp;Intuitive Surgical, Inc.<sup>(a)</sup> | 936 | 418607 |
| &nbsp;&nbsp;&nbsp;IQVIA Holdings, Inc.<sup>(a)</sup> | 482 | 91551 |
| &nbsp;&nbsp;&nbsp;Johnson & Johnson | 6478 | 1201151 |
| &nbsp;&nbsp;&nbsp;Labcorp Holdings, Inc. | 223 | 64014 |
| &nbsp;&nbsp;&nbsp;McKesson Corp. | 344 | 265754 |
| &nbsp;&nbsp;&nbsp;Medtronic PLC | 3394 | 323245 |
| &nbsp;&nbsp;&nbsp;Merck & Co., Inc. | 6816 | 572067 |
| &nbsp;&nbsp;&nbsp;Mettler-Toledo International, Inc.<sup>(a)</sup> | 57 | 69974 |
| &nbsp;&nbsp;&nbsp;Moderna, Inc.<sup>(a)</sup> | 884 | 22834 |
| &nbsp;&nbsp;&nbsp;Molina Healthcare, Inc.<sup>(a)</sup> | 152 | 29087 |
| &nbsp;&nbsp;&nbsp;PerkinElmer, Inc. | 329 | 28837 |
| &nbsp;&nbsp;&nbsp;Pfizer, Inc. | 14802 | 377155 |
| &nbsp;&nbsp;&nbsp;Quest Diagnostics, Inc. | 292 | 55649 |
| &nbsp;&nbsp;&nbsp;Regeneron Pharmaceuticals, Inc. | 276 | 155187 |
| &nbsp;&nbsp;&nbsp;ResMed, Inc. | 389 | 106481 |
| &nbsp;&nbsp;&nbsp;Solventum Corp.<sup>(a)</sup> | 368 | 26864 |
| &nbsp;&nbsp;&nbsp;STERIS PLC | 262 | 64829 |
| &nbsp;&nbsp;&nbsp;Stryker Corp. | 907 | 335291 |
| &nbsp;&nbsp;&nbsp;Thermo Fisher Scientific, Inc. | 1031 | 500055 |
| &nbsp;&nbsp;&nbsp;UnitedHealth Group, Inc. | 2473 | 853926 |
| &nbsp;&nbsp;&nbsp;Universal Health Services, Inc., Class B | 163 | 33324 |
| &nbsp;&nbsp;&nbsp;Vertex Pharmaceuticals, Inc.<sup>(a)</sup> | 672 | 263182 |
| &nbsp;&nbsp;&nbsp;Viatris, Inc. | 3205 | 31730 |
| &nbsp;&nbsp;&nbsp;Waters Corp.<sup>(a)</sup> | 154 | 46171 |
| &nbsp;&nbsp;&nbsp;West Pharmaceutical Services, Inc. | 113 | 29643 |
| &nbsp;&nbsp;&nbsp;Zimmer Biomet Holdings, Inc. | 547 | 53880 |
| &nbsp;&nbsp;&nbsp;Zoetis, Inc., Class A | 1204 | 176169 |
|  |  | 13536534 |
| **Industrials — 7.81%** |  |  |
| &nbsp;&nbsp;&nbsp;3M Co. | 1452 | 225321 |
| &nbsp;&nbsp;&nbsp;A.O. Smith Corp. | 326 | 23932 |
| &nbsp;&nbsp;&nbsp;Allegion PLC | 233 | 41323 |
| &nbsp;&nbsp;&nbsp;AMETEK, Inc. | 610 | 114680 |
| &nbsp;&nbsp;&nbsp;Amphenol Corp., Class A | 3186 | 394268 |
| &nbsp;&nbsp;&nbsp;Boeing Co. (The)<sup>(a)</sup> | 1560 | 336695 |
| &nbsp;&nbsp;&nbsp;Carrier Global Corp. | 2217 | 132355 |
| &nbsp;&nbsp;&nbsp;Caterpillar, Inc. | 1310 | 625067 |
| &nbsp;&nbsp;&nbsp;CH Robinson Worldwide, Inc. | 310 | 41044 |
| &nbsp;&nbsp;&nbsp;Cintas Corp. | 894 | 183502 |
| &nbsp;&nbsp;&nbsp;CSX Corp. | 5057 | 179574 |
| &nbsp;&nbsp;&nbsp;Cummins, Inc. | 374 | 157966 |
| &nbsp;&nbsp;&nbsp;Deere & Co. | 678 | 310022 |

---

<u>*See Notes to Financial Statements.*</u>   <br> Financial Statements \| September 30, 2025 3

<u>CYBER HORNET S&P 500<sup>®</sup></u> <u>Schedule of Investments</u> <br> September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Delta Air Lines, Inc. | 1671 | $94829 |
| &nbsp;&nbsp;&nbsp;Dover Corp. | 367 | 61227 |
| &nbsp;&nbsp;&nbsp;Eaton Corp. PLC | 1052 | 393710 |
| &nbsp;&nbsp;&nbsp;EMCOR Group, Inc. | 2 | 1299 |
| &nbsp;&nbsp;&nbsp;Emerson Electric Co. | 1503 | 197164 |
| &nbsp;&nbsp;&nbsp;Expeditors International of Washington, Inc. | 380 | 46584 |
| &nbsp;&nbsp;&nbsp;Fastenal Co. | 2987 | 146482 |
| &nbsp;&nbsp;&nbsp;FedEx Corp. | 605 | 142665 |
| &nbsp;&nbsp;&nbsp;Fortive Corp. | 921 | 45120 |
| &nbsp;&nbsp;&nbsp;GE Vernova LLC | 728 | 447646 |
| &nbsp;&nbsp;&nbsp;Generac Holdings, Inc.<sup>(a)</sup> | 164 | 27454 |
| &nbsp;&nbsp;&nbsp;General Dynamics Corp. | 682 | 232562 |
| &nbsp;&nbsp;&nbsp;General Electric Co. | 2912 | 875987 |
| &nbsp;&nbsp;&nbsp;Honeywell International, Inc. | 1700 | 357850 |
| &nbsp;&nbsp;&nbsp;Howmet Aerospace Inc. | 1031 | 202313 |
| &nbsp;&nbsp;&nbsp;Hubbell, Inc. | 140 | 60243 |
| &nbsp;&nbsp;&nbsp;Huntington Ingalls Industries, Inc. | 105 | 30231 |
| &nbsp;&nbsp;&nbsp;IDEX Corp. | 200 | 32552 |
| &nbsp;&nbsp;&nbsp;Illinois Tool Works, Inc. | 714 | 186183 |
| &nbsp;&nbsp;&nbsp;Ingersoll Rand, Inc. | 1076 | 88899 |
| &nbsp;&nbsp;&nbsp;Jacobs Solutions, Inc. | 334 | 50053 |
| &nbsp;&nbsp;&nbsp;JB Hunt Transport Services, Inc. | 217 | 29115 |
| &nbsp;&nbsp;&nbsp;Johnson Controls International PLC | 1769 | 194502 |
| &nbsp;&nbsp;&nbsp;Keysight Technologies, Inc.<sup>(a)</sup> | 463 | 80988 |
| &nbsp;&nbsp;&nbsp;L3Harris Technologies, Inc. | 501 | 153010 |
| &nbsp;&nbsp;&nbsp;Lennox International, Inc. | 3 | 1588 |
| &nbsp;&nbsp;&nbsp;Lockheed Martin Corp., Class B | 561 | 280057 |
| &nbsp;&nbsp;&nbsp;Nordson Corp. | 145 | 32908 |
| &nbsp;&nbsp;&nbsp;Norfolk Southern Corp. | 595 | 178744 |
| &nbsp;&nbsp;&nbsp;Northrop Grumman Corp. | 364 | 221792 |
| &nbsp;&nbsp;&nbsp;Old Dominion Freight Line, Inc. | 468 | 65885 |
| &nbsp;&nbsp;&nbsp;Otis Worldwide Corp. | 1070 | 97830 |
| &nbsp;&nbsp;&nbsp;PACCAR, Inc. | 1359 | 133617 |
| &nbsp;&nbsp;&nbsp;Parker-Hannifin Corp. | 340 | 257771 |
| &nbsp;&nbsp;&nbsp;Pentair PLC | 440 | 48734 |
| &nbsp;&nbsp;&nbsp;Quanta Services, Inc. | 384 | 159138 |
| &nbsp;&nbsp;&nbsp;Republic Services, Inc. | 539 | 123690 |
| &nbsp;&nbsp;&nbsp;Rockwell Automation, Inc. | 303 | 105908 |
| &nbsp;&nbsp;&nbsp;Rollins, Inc. | 747 | 43879 |
| &nbsp;&nbsp;&nbsp;Roper Technologies, Inc. | 277 | 138137 |
| &nbsp;&nbsp;&nbsp;RTX Corp. | 3520 | 589001 |
| &nbsp;&nbsp;&nbsp;Snap-on, Inc. | 138 | 47821 |
| &nbsp;&nbsp;&nbsp;Southwest Airlines Co. | 1563 | 49875 |
| &nbsp;&nbsp;&nbsp;Stanley Black & Decker, Inc. | 408 | 30327 |
| &nbsp;&nbsp;&nbsp;TE Connectivity PLC | 816 | 179136 |
| &nbsp;&nbsp;&nbsp;Teledyne Technologies, Inc.<sup>(a)</sup> | 124 | 72669 |
| &nbsp;&nbsp;&nbsp;Textron, Inc. | 519 | 43850 |
| &nbsp;&nbsp;&nbsp;Trane Technologies PLC | 598 | 252332 |
| &nbsp;&nbsp;&nbsp;Transdigm Group, Inc. | 148 | 195067 |
| &nbsp;&nbsp;&nbsp;Trimble, Inc.<sup>(a)</sup> | 661 | 53971 |
| &nbsp;&nbsp;&nbsp;Union Pacific Corp. | 1610 | 380557 |
| &nbsp;&nbsp;&nbsp;United Airlines Holdings, Inc.<sup>(a)</sup> | 856 | 82604 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;United Parcel Service, Inc., Class B | 1938 | $161881 |
| &nbsp;&nbsp;&nbsp;United Rentals, Inc. | 177 | 168976 |
| &nbsp;&nbsp;&nbsp;Veralto Corp. | 581 | 61940 |
| &nbsp;&nbsp;&nbsp;Verisk Analytics, Inc. | 378 | 95071 |
| &nbsp;&nbsp;&nbsp;W.W. Grainger, Inc. | 114 | 108637 |
| &nbsp;&nbsp;&nbsp;Wabtec Corp. | 394 | 78985 |
| &nbsp;&nbsp;&nbsp;Waste Management, Inc. | 961 | 212218 |
| &nbsp;&nbsp;&nbsp;Xylem, Inc. | 631 | 93073 |
|  |  | 11792086 |
| **Materials — 1.77%** |  |  |
| &nbsp;&nbsp;&nbsp;Air Products & Chemicals, Inc. | 588 | 160359 |
| &nbsp;&nbsp;&nbsp;Albemarle Corp. | 312 | 25297 |
| &nbsp;&nbsp;&nbsp;Amcor PLC | 3929 | 32139 |
| &nbsp;&nbsp;&nbsp;Avery Dennison Corp. | 214 | 34704 |
| &nbsp;&nbsp;&nbsp;Ball Corp. | 836 | 42151 |
| &nbsp;&nbsp;&nbsp;CF Industries Holdings, Inc. | 507 | 45478 |
| &nbsp;&nbsp;&nbsp;Corteva, Inc. | 1847 | 124913 |
| &nbsp;&nbsp;&nbsp;Dow, Inc. | 1846 | 42329 |
| &nbsp;&nbsp;&nbsp;DuPont de Nemours, Inc. | 1137 | 88572 |
| &nbsp;&nbsp;&nbsp;Eastman Chemical Co. | 312 | 19672 |
| &nbsp;&nbsp;&nbsp;Ecolab, Inc. | 668 | 182938 |
| &nbsp;&nbsp;&nbsp;Freeport-McMoRan, Inc. | 3775 | 148056 |
| &nbsp;&nbsp;&nbsp;International Flavors & Fragrances, Inc. | 669 | 41170 |
| &nbsp;&nbsp;&nbsp;International Paper Co. | 918 | 42595 |
| &nbsp;&nbsp;&nbsp;Linde PLC | 1288 | 611799 |
| &nbsp;&nbsp;&nbsp;LyondellBasell Industries N.V., Class A | 672 | 32955 |
| &nbsp;&nbsp;&nbsp;Martin Marietta Materials, Inc. | 163 | 102736 |
| &nbsp;&nbsp;&nbsp;Mosaic Co. (The) | 869 | 30137 |
| &nbsp;&nbsp;&nbsp;Newmont Corp. | 3030 | 255459 |
| &nbsp;&nbsp;&nbsp;Nucor Corp. | 649 | 87894 |
| &nbsp;&nbsp;&nbsp;Packaging Corporation of America | 233 | 50778 |
| &nbsp;&nbsp;&nbsp;PPG Industries, Inc. | 623 | 65484 |
| &nbsp;&nbsp;&nbsp;Sherwin-Williams Co. (The) | 614 | 212604 |
| &nbsp;&nbsp;&nbsp;Smurfit WestRock PLC | 687 | 29246 |
| &nbsp;&nbsp;&nbsp;Steel Dynamics, Inc. | 392 | 54657 |
| &nbsp;&nbsp;&nbsp;Vulcan Materials Co. | 349 | 107359 |
|  |  | 2671481 |
| **Real Estate — 1.82%** |  |  |
| &nbsp;&nbsp;&nbsp;Alexandria Real Estate Equities, Inc. | 418 | 34836 |
| &nbsp;&nbsp;&nbsp;American Tower Corp. | 1236 | 237707 |
| &nbsp;&nbsp;&nbsp;AvalonBay Communities, Inc. | 374 | 72246 |
| &nbsp;&nbsp;&nbsp;BXP, Inc. | 384 | 28547 |
| &nbsp;&nbsp;&nbsp;Camden Property Trust | 284 | 30326 |
| &nbsp;&nbsp;&nbsp;CBRE Group, Inc., Class A<sup>(a)</sup> | 786 | 123842 |
| &nbsp;&nbsp;&nbsp;Crown Castle International Corp. | 1145 | 110481 |
| &nbsp;&nbsp;&nbsp;Digital Realty Trust, Inc. | 798 | 137958 |
| &nbsp;&nbsp;&nbsp;Equinix, Inc. | 250 | 195810 |
| &nbsp;&nbsp;&nbsp;Equity Residential | 906 | 58645 |
| &nbsp;&nbsp;&nbsp;Essex Property Trust, Inc. | 169 | 45235 |

---

<u>*See Notes to Financial Statements.*</u>   <br> 4 https://cyberhornet.io/

<u>CYBER HORNET S&P 500<sup>®</sup></u> <u>Schedule of Investments</u> <br> September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Real Estate (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Extra Space Storage, Inc. | 559 | $78785 |
| &nbsp;&nbsp;&nbsp;Federal Realty Investment Trust | 196 | 19857 |
| &nbsp;&nbsp;&nbsp;Healthpeak Properties, Inc. | 1882 | 36040 |
| &nbsp;&nbsp;&nbsp;Host Hotels & Resorts, Inc. | 1874 | 31895 |
| &nbsp;&nbsp;&nbsp;Invitation Homes, Inc. | 1511 | 44318 |
| &nbsp;&nbsp;&nbsp;Iron Mountain, Inc. | 772 | 78698 |
| &nbsp;&nbsp;&nbsp;Kimco Realty Corp. | 1774 | 38762 |
| &nbsp;&nbsp;&nbsp;Mid-America Apartment Communities, Inc. | 306 | 42757 |
| &nbsp;&nbsp;&nbsp;Prologis, Inc. | 2448 | 280345 |
| &nbsp;&nbsp;&nbsp;Public Storage | 415 | 119873 |
| &nbsp;&nbsp;&nbsp;Realty Income Corp. | 2195 | 133434 |
| &nbsp;&nbsp;&nbsp;Regency Centers Corp. | 438 | 31930 |
| &nbsp;&nbsp;&nbsp;SBA Communications Corp., Class A | 279 | 53945 |
| &nbsp;&nbsp;&nbsp;Simon Property Group, Inc. | 857 | 160833 |
| &nbsp;&nbsp;&nbsp;UDR, Inc. | 806 | 30032 |
| &nbsp;&nbsp;&nbsp;Ventas, Inc. | 1064 | 74469 |
| &nbsp;&nbsp;&nbsp;VICI Properties, Inc. | 2749 | 89645 |
| &nbsp;&nbsp;&nbsp;Welltower, Inc. | 1542 | 274692 |
| &nbsp;&nbsp;&nbsp;Weyerhaeuser Co. | 1929 | 47820 |
|  |  | 2743763 |
| **Technology — 35.13%** |  |  |
| &nbsp;&nbsp;&nbsp;Accenture PLC, Class A | 1692 | 417247 |
| &nbsp;&nbsp;&nbsp;Adobe, Inc.<sup>(a)</sup> | 1175 | 414481 |
| &nbsp;&nbsp;&nbsp;Advanced Micro Devices, Inc.<sup>(a)</sup> | 4314 | 697962 |
| &nbsp;&nbsp;&nbsp;Akamai Technologies, Inc.<sup>(a)</sup> | 401 | 30380 |
| &nbsp;&nbsp;&nbsp;Analog Devices, Inc. | 1296 | 318427 |
| &nbsp;&nbsp;&nbsp;Apple, Inc. | 40396 | 10286034 |
| &nbsp;&nbsp;&nbsp;Applied Materials, Inc. | 2161 | 442443 |
| &nbsp;&nbsp;&nbsp;Arista Networks, Inc.<sup>(a)</sup> | 2723 | 396768 |
| &nbsp;&nbsp;&nbsp;Autodesk, Inc.<sup>(a)</sup> | 557 | 176942 |
| &nbsp;&nbsp;&nbsp;Automatic Data Processing, Inc. | 1065 | 312578 |
| &nbsp;&nbsp;&nbsp;Block, Inc.<sup>(a)</sup> | 1526 | 110284 |
| &nbsp;&nbsp;&nbsp;Broadcom, Inc. | 12372 | 4081647 |
| &nbsp;&nbsp;&nbsp;Broadridge Financial Solutions, Inc. | 311 | 74071 |
| &nbsp;&nbsp;&nbsp;Cadence Design Systems, Inc.<sup>(a)</sup> | 716 | 251502 |
| &nbsp;&nbsp;&nbsp;CDW Corp. | 346 | 55111 |
| &nbsp;&nbsp;&nbsp;Cisco Systems, Inc. | 10713 | 732984 |
| &nbsp;&nbsp;&nbsp;Cognizant Technology Solutions Corp., Class A | 1299 | 87124 |
| &nbsp;&nbsp;&nbsp;Corning, Inc. | 2030 | 166521 |
| &nbsp;&nbsp;&nbsp;Corpay, Inc.<sup>(a)</sup> | 191 | 55019 |
| &nbsp;&nbsp;&nbsp;CoStar Group, Inc.<sup>(a)</sup> | 1066 | 89938 |
| &nbsp;&nbsp;&nbsp;Crowdstrike Holdings, Inc., Class A<sup>(a)</sup> | 606 | 297170 |
| &nbsp;&nbsp;&nbsp;Datadog, Inc., Class A<sup>(a)</sup> | 865 | 123176 |
| &nbsp;&nbsp;&nbsp;Dayforce, Inc.<sup>(a)</sup> | 416 | 28658 |
| &nbsp;&nbsp;&nbsp;Dell Technologies, Inc., Class C | 754 | 106895 |
| &nbsp;&nbsp;&nbsp;EPAM Systems, Inc.<sup>(a)</sup> | 154 | 23222 |
| &nbsp;&nbsp;&nbsp;Equifax, Inc. | 327 | 83885 |
| &nbsp;&nbsp;&nbsp;F5, Inc.<sup>(a)</sup> | 153 | 49448 |
| &nbsp;&nbsp;&nbsp;FactSet Research Systems, Inc. | 102 | 29222 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Technology (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Fair Isaac Corp.<sup>(a)</sup> | 66 | $98771 |
| &nbsp;&nbsp;&nbsp;Fidelity National Information Services, Inc. | 1560 | 102866 |
| &nbsp;&nbsp;&nbsp;Fiserv, Inc.<sup>(a)</sup> | 1521 | 196103 |
| &nbsp;&nbsp;&nbsp;Fortinet, Inc.<sup>(a)</sup> | 1656 | 139236 |
| &nbsp;&nbsp;&nbsp;Garmin Ltd. | 400 | 98488 |
| &nbsp;&nbsp;&nbsp;Gartner, Inc.<sup>(a)</sup> | 207 | 54414 |
| &nbsp;&nbsp;&nbsp;Gen Digital, Inc. | 1491 | 42329 |
| &nbsp;&nbsp;&nbsp;Global Payments, Inc. | 685 | 56910 |
| &nbsp;&nbsp;&nbsp;Hewlett Packard Enterprise Co. | 3416 | 83897 |
| &nbsp;&nbsp;&nbsp;HP, Inc. | 2308 | 62847 |
| &nbsp;&nbsp;&nbsp;Intel Corp. | 11151 | 374116 |
| &nbsp;&nbsp;&nbsp;International Business Machines Corp. | 2472 | 697499 |
| &nbsp;&nbsp;&nbsp;Intuit, Inc. | 728 | 497158 |
| &nbsp;&nbsp;&nbsp;Jabil, Inc. | 333 | 72318 |
| &nbsp;&nbsp;&nbsp;Jack Henry & Associates, Inc. | 195 | 29041 |
| &nbsp;&nbsp;&nbsp;KLA Corp. | 350 | 377510 |
| &nbsp;&nbsp;&nbsp;Lam Research Corp. | 3401 | 455394 |
| &nbsp;&nbsp;&nbsp;Leidos Holdings, Inc. | 355 | 67081 |
| &nbsp;&nbsp;&nbsp;MarketAxess Holdings, Inc. | 99 | 17251 |
| &nbsp;&nbsp;&nbsp;Microchip Technology, Inc. | 1409 | 90486 |
| &nbsp;&nbsp;&nbsp;Micron Technology, Inc. | 2896 | 484559 |
| &nbsp;&nbsp;&nbsp;Microsoft Corp. | 19757 | 10233139 |
| &nbsp;&nbsp;&nbsp;Monolithic Power Systems, Inc. | 125 | 115080 |
| &nbsp;&nbsp;&nbsp;Motorola Solutions, Inc. | 442 | 202122 |
| &nbsp;&nbsp;&nbsp;NetApp, Inc. | 533 | 63139 |
| &nbsp;&nbsp;&nbsp;Nvidia Corp. | 65389 | 12200280 |
| &nbsp;&nbsp;&nbsp;NXP Semiconductors NV | 671 | 152807 |
| &nbsp;&nbsp;&nbsp;ON Semiconductor Corp.<sup>(a)</sup> | 1106 | 54537 |
| &nbsp;&nbsp;&nbsp;Oracle Corp. | 4318 | 1214394 |
| &nbsp;&nbsp;&nbsp;Palantir Technologies, Inc., Class A<sup>(a)</sup> | 5275 | 962267 |
| &nbsp;&nbsp;&nbsp;Palo Alto Networks, Inc.<sup>(a)</sup> | 1693 | 344729 |
| &nbsp;&nbsp;&nbsp;Paychex, Inc. | 834 | 105718 |
| &nbsp;&nbsp;&nbsp;Paycom Software, Inc. | 128 | 26642 |
| &nbsp;&nbsp;&nbsp;PTC, Inc.<sup>(a)</sup> | 311 | 63139 |
| &nbsp;&nbsp;&nbsp;Qualcomm, Inc. | 2948 | 490429 |
| &nbsp;&nbsp;&nbsp;Salesforce, Inc. | 2621 | 621177 |
| &nbsp;&nbsp;&nbsp;Seagate Technology PLC | 506 | 119446 |
| &nbsp;&nbsp;&nbsp;ServiceNow, Inc.<sup>(a)</sup> | 551 | 507074 |
| &nbsp;&nbsp;&nbsp;Skyworks Solutions, Inc. | 426 | 32793 |
| &nbsp;&nbsp;&nbsp;Super Micro Computer, Inc.<sup>(a)</sup> | 1261 | 60452 |
| &nbsp;&nbsp;&nbsp;Synopsys, Inc.<sup>(a)</sup> | 477 | 235347 |
| &nbsp;&nbsp;&nbsp;Teradyne, Inc. | 395 | 54368 |
| &nbsp;&nbsp;&nbsp;Texas Instruments, Inc. | 2407 | 442238 |
| &nbsp;&nbsp;&nbsp;Tyler Technologies, Inc.<sup>(a)</sup> | 111 | 58071 |
| &nbsp;&nbsp;&nbsp;Uber Technologies, Inc.<sup>(a)</sup> | 5557 | 544419 |
| &nbsp;&nbsp;&nbsp;Western Digital Corp.<sup>(a)</sup> | 805 | 96648 |
| &nbsp;&nbsp;&nbsp;Workday, Inc., Class A<sup>(a)</sup> | 21 | 5055 |
| &nbsp;&nbsp;&nbsp;Zebra Technologies Corp., Class A<sup>(a)</sup> | 128 | 38036 |
|  |  | 53080959 |

---

<u>*See Notes to Financial Statements.*</u>   <br> Financial Statements \| September 30, 2025 5

<u>CYBER HORNET S&P 500<sup>®</sup></u> <u>Schedule of Investments</u> <br> September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Utilities — 2.20%** |  |  |
| &nbsp;&nbsp;&nbsp;AES Corp. | 1785 | $23491 |
| &nbsp;&nbsp;&nbsp;Alliant Energy Corp. | 661 | 44558 |
| &nbsp;&nbsp;&nbsp;Ameren Corp. | 692 | 72231 |
| &nbsp;&nbsp;&nbsp;American Electric Power Co., Inc. | 1367 | 153788 |
| &nbsp;&nbsp;&nbsp;American Water Works Co., Inc. | 510 | 70986 |
| &nbsp;&nbsp;&nbsp;Atmos Energy Corp. | 398 | 67959 |
| &nbsp;&nbsp;&nbsp;CenterPoint Energy, Inc. | 1661 | 64447 |
| &nbsp;&nbsp;&nbsp;CMS Energy Corp. | 775 | 56777 |
| &nbsp;&nbsp;&nbsp;Consolidated Edison, Inc. | 912 | 91674 |
| &nbsp;&nbsp;&nbsp;Constellation Energy Corp. | 817 | 268850 |
| &nbsp;&nbsp;&nbsp;Dominion Energy, Inc. | 2205 | 134880 |
| &nbsp;&nbsp;&nbsp;DTE Energy Co. | 542 | 76655 |
| &nbsp;&nbsp;&nbsp;Duke Energy Corp. | 2043 | 252821 |
| &nbsp;&nbsp;&nbsp;Edison International | 1007 | 55667 |
| &nbsp;&nbsp;&nbsp;Entergy Corp. | 1120 | 104373 |
| &nbsp;&nbsp;&nbsp;Evergy, Inc. | 611 | 46448 |
| &nbsp;&nbsp;&nbsp;Eversource Energy | 919 | 65378 |
| &nbsp;&nbsp;&nbsp;Exelon Corp. | 2598 | 116936 |
| &nbsp;&nbsp;&nbsp;FirstEnergy Corp. | 1357 | 62178 |
| &nbsp;&nbsp;&nbsp;NextEra Energy, Inc. | 5435 | 410287 |
| &nbsp;&nbsp;&nbsp;Nisource, Inc. | 1090 | 47197 |
| &nbsp;&nbsp;&nbsp;NRG Energy, Inc. | 590 | 95551 |
| &nbsp;&nbsp;&nbsp;PG&E Corp. | 5644 | 85112 |
| &nbsp;&nbsp;&nbsp;Pinnacle West Capital Corp. | 302 | 27077 |
| &nbsp;&nbsp;&nbsp;PPL Corp. | 1937 | 71979 |
| &nbsp;&nbsp;&nbsp;Public Service Enterprise Group, Inc. | 1317 | 109917 |
| &nbsp;&nbsp;&nbsp;Sempra Energy | 1660 | 149367 |
| &nbsp;&nbsp;&nbsp;Southern Co. (The) | 2891 | 273980 |
| &nbsp;&nbsp;&nbsp;Vistra Corp. | 32 | 6269 |
| &nbsp;&nbsp;&nbsp;WEC Energy Group, Inc. | 836 | 95797 |
| &nbsp;&nbsp;&nbsp;Xcel Energy, Inc. | 1439 | 116055 |
|  |  | 3318685 |
| **Total Common Stocks<br> (Cost $84,787,710)** |  | 150579401 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **EXCHANGE-TRADED FUNDS — 0.32%** |  |  |
| &nbsp;&nbsp;&nbsp;SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust | 720 | $479650 |
| **Total Exchange-Traded Funds<br> (Cost $446,245)** |  | 479650 |
| **RIGHT — 0.00%** |  |  |
| &nbsp;&nbsp;&nbsp;Sycamore Partners, LLC | 1885 | 999 |
| **Total Right <br> Cost ($–)** |  | 999 |
| **Total Investments — 99.99%<br> (Cost $85,233,955)** |  | 151060050 |
| **Other Assets in Excess of Liabilities — 0.01%** |  | 13079 |
| **NET ASSETS — 100.00%** |  | $**151073129** |

---

*<sup>(a)</sup>* *Non-income producing security.*

<u>*See Notes to Financial Statements.*</u>   <br> 6 https://cyberhornet.io/

<u>CYBER HORNET S&P 500<sup>®</sup></u> <u>Statement of Assets and Liabilities</u> <br> September 30, 2025 (Unaudited)

---

| | |
|:---|:---|
| **ASSETS:** | |
| &nbsp;&nbsp;&nbsp;Investments in securities at fair value (cost $85,233,955) | $151060050 |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | 64770 |
| &nbsp;&nbsp;&nbsp;Receivable for fund shares sold | 91793 |
| &nbsp;&nbsp;&nbsp;Dividends receivable | 67847 |
| &nbsp;&nbsp;&nbsp;Receivable from Investment Adviser | 2863 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 17406 |
| &nbsp;&nbsp;&nbsp;**Total Assets** | 151304729 |
| **LIABILITIES:** |  |
| &nbsp;&nbsp;&nbsp;Payable for fund shares redeemed | 53716 |
| &nbsp;&nbsp;&nbsp;Payable for investments purchased | 99365 |
| &nbsp;&nbsp;&nbsp;Payable to Administrator | 26698 |
| &nbsp;&nbsp;&nbsp;Payable to trustees | 1268 |
| &nbsp;&nbsp;&nbsp;Other accrued expenses | 50553 |
| &nbsp;&nbsp;&nbsp;**Total Liabilities** | 231600 |
| **NET ASSETS** | $151073129 |
| **NET ASSETS CONSIST OF:** |  |
| &nbsp;&nbsp;&nbsp;Paid-in capital | $85160958 |
| &nbsp;&nbsp;&nbsp;Accumulated earnings | 65912171 |
| **NET ASSETS<sup>(a)</sup>** | $151073129 |
| &nbsp;&nbsp;&nbsp;**Shares of beneficial interest outstanding, without par value** | 2387507 |
| &nbsp;&nbsp;&nbsp;**Net asset value, offering and redemption price per share** | $63.28 |

---

*<sup>(a)</sup>* *The Fund charges a 0.25% redemption fee on shares redeemed within 30 calendar days of purchase.*

<u>*See Notes to Financial Statements.*</u>   <br> Financial Statements \| September 30, 2025 7

<u>CYBER HORNET S&P 500<sup>®</sup></u> <u>Statement of Operations</u> <br> For the six months ended September 30, 2025 (Unaudited)

---

| | |
|:---|:---|
| **INVESTMENT INCOME:** |  |
| &nbsp;&nbsp;&nbsp;Dividend income (net of foreign taxes withheld of $531) | $874970 |
| &nbsp;&nbsp;&nbsp;**Total investment income** | 874970 |
| **EXPENSES:** |  |
| &nbsp;&nbsp;&nbsp;Investment Adviser fees (Note 4) | 168242 |
| &nbsp;&nbsp;&nbsp;Fund accounting and administration fees | 57131 |
| &nbsp;&nbsp;&nbsp;Legal fees | 23010 |
| &nbsp;&nbsp;&nbsp;Chief compliance officer fees | 29594 |
| &nbsp;&nbsp;&nbsp;Transfer agent fees | 18295 |
| &nbsp;&nbsp;&nbsp;Registration expenses | 16572 |
| &nbsp;&nbsp;&nbsp;Custodian fees | 10797 |
| &nbsp;&nbsp;&nbsp;Insurance expenses | 9972 |
| &nbsp;&nbsp;&nbsp;Audit and tax preparation fees | 9776 |
| &nbsp;&nbsp;&nbsp;Printing and postage expenses | 7959 |
| &nbsp;&nbsp;&nbsp;Pricing | 6148 |
| &nbsp;&nbsp;&nbsp;Trustee fees and expenses | 673 |
| &nbsp;&nbsp;&nbsp;Miscellaneous expenses | 16253 |
| &nbsp;&nbsp;&nbsp;**Total expenses** | 374422 |
| &nbsp;&nbsp;&nbsp;Fees waived/reimbursed by Investment Adviser (Note 3) | (206017) |
| &nbsp;&nbsp;&nbsp;**Net operating expenses** | 168405 |
| **NET INVESTMENT INCOME:** | 706565 |
| **NET REALIZED AND CHANGE IN UNREALIZED GAIN (LOSS) ON INVESTMENTS:** |  |
| &nbsp;&nbsp;&nbsp;Net realized gain on Investments | 261315 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized gain on investments | 23449203 |
| **NET REALIZED AND CHANGE IN UNREALIZED GAIN ON INVESTMENTS** | 23710518 |
| **NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS** | $24417083 |

---

<u>*See Notes to Financial Statements.*</u>   <br> 8 https://cyberhornet.io/

<u>CYBER HORNET S&P 500<sup>®</sup></u> <u>Statements of Changes in Net Assets</u>

---

| | | |
|:---|:---|:---|
|  | **For the<br> Six Months Ended<br> September 30,<br> 2025<br> (Unaudited)** | **For the**<br> **Year Ended<br> March 31,<br> 2025** |
| **INCREASE (DECREASE) IN NET ASSETS DUE TO:** |  |  |
| **OPERATIONS:** |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income | $706565 | $1349639 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 261315 | 199414 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 23449203 | 7598300 |
| &nbsp;&nbsp;&nbsp;**Net increase (decrease) in net assets resulting from operations** | 24417083 | 9147353 |
| **Distributions to shareholders from earnings** |  | (2531583) |
| **CAPITAL TRANSACTIONS** |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from shares sold | 17304894 | 27812757 |
| &nbsp;&nbsp;&nbsp;Reinvestment of distributions |  | 2501429 |
| &nbsp;&nbsp;&nbsp;Amount paid for shares redeemed | (13062655) | (28334754) |
| &nbsp;&nbsp;&nbsp;Proceeds from redemption fees<sup>(a)</sup> | 2833 | 6073 |
| &nbsp;&nbsp;&nbsp;**Net increase (decrease) in net assets resulting from capital transactions** | 4245072 | 1985505 |
| &nbsp;&nbsp;&nbsp;**Total Increase (Decrease) in Net Assets** | 28662155 | 8601275 |
| **NET ASSETS** |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of year | 122410974 | 113809699 |
| &nbsp;&nbsp;&nbsp;End of year | $151073129 | $122410974 |
| **SHARE TRANSACTIONS** |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 304209 | 515098 |
| &nbsp;&nbsp;&nbsp;Shares issued in reinvestment of distributions |  | 44055 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (233537) | (525575) |
| &nbsp;&nbsp;&nbsp;**Net increase (decrease) in shares outstanding** | 70672 | 33578 |

---

*<sup>(a)</sup>* *The Fund charges a 0.25% redemption fee on shares redeemed within 30 calendar days of purchase. Shares are redeemed at the Net Asset Value if held longer than 30 calendar days.*

<u>*See Notes to Financial Statements.*</u>   <br> Financial Statements \| September 30, 2025 9

<u>CYBER HORNET S&P 500<sup>®</sup></u> <u>Financial Highlights</u> <br> *(For a share outstanding during each period)*

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **For the<br> Six Months Ended<br> September 30,<br> 2025<br> (Unaudited)** | **For the<br> Year Ended<br> March 31,<br> 2025** | **For the<br> Year Ended<br> March 31,<br> 2024** | **For the<br> Year Ended<br> March 31,<br> 2023** | **For the**<br> **Year Ended<br> March 31,<br> 2022** | **For the<br> Year Ended<br> March 31,<br> 2021** |
| **SELECTED PER SHARE DATA** |  |  |  |  |  |  |
| **Net asset value, beginning of period** | $52.84 | $49.85 | $42.74 | $47.16 | $42.58 | $25.34 |
| **Investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income<sup>(a)</sup> | 0.30 | 0.58 | 0.66 | 0.71 | 0.63 | 0.56 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 10.14 | 3.50 | 7.16 | (3.78) | 4.83 | 17.25 |
| &nbsp;&nbsp;&nbsp;Total from investment operations | 10.44 | 4.08 | 7.82 | (3.07) | 5.46 | 17.81 |
| **Less distributions to shareholders from:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income |  | (0.74) | (0.71) | (0.50) | (0.53) | (0.58) |
| &nbsp;&nbsp;&nbsp;Net realized gains |  | (0.35) |  | (0.85) | (0.35) |  |
| &nbsp;&nbsp;&nbsp;Total distributions |  | (1.09) | (0.71) | (1.35) | (0.88) | (0.58) |
| Paid in capital from redemption fees |  | — <sup>(b)</sup> | — <sup>(b)</sup> | — <sup>(b)</sup> | — <sup>(b)</sup> | 0.01 |
| &nbsp;&nbsp;&nbsp;**Net asset value, end of period** | $63.28 | $52.84 | $49.85 | $42.74 | $47.16 | $42.58 |
| **Total Return<sup>(c)</sup>** | 19.76 %<sup>(d)</sup> | 8.03% | 18.48% | (6.52)% | (12.83)% | (70.67)% |
| **Ratios and Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net assets, end of period (000 omitted) | $151073 | $122411 | $113810 | $101449 | $102267 | $70202 |
| &nbsp;&nbsp;&nbsp;Ratio of expenses to average net assets after expense waiver | 0.25 %<sup>(e)</sup> | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| &nbsp;&nbsp;&nbsp;Ratio of expenses to average net assets before expense waiver | 0.56 %<sup>(e)</sup> | 0.63% | 0.71% | 0.65% | 0.66% | 0.86% |
| &nbsp;&nbsp;&nbsp;Ratio of net investment income to average net assets after expense waiver | 1.05 %<sup>(e)</sup> | 1.09% | 1.50% | 1.66% | 1.37% | 1.61% |
| **Portfolio turnover rate** | 11 %<sup>(d)</sup> | 18% | 81% | 42% | 60% | 96% |

---

*<sup>(a)</sup>* *Calculated using the average shares method.*

*<sup>(b)</sup>* *Rounds to less than $0.005 per share.*

*<sup>(c)</sup>* *Total return represents the rate that the investor would have earned or lost on an investment in the Fund, assuming reinvestment of distributions.*

*<sup>(d)</sup>* *Not annualized.*

*<sup>(e)</sup>* *Annualized.*

<u>*See Notes to Financial Statements.*</u>   <br> 10 https://cyberhornet.io/

<u>CYBER HORNET S&P 500<sup>®</sup></u> <u>Notes to Financial Statements</u> <br> September 30, 2025 (Unaudited)

**1.** **ORGANIZATION** 

The CYBER HORNET S&P 500<sup>®</sup> (the "Fund") (formerly known as the ONEFUND S&P 500<sup>®</sup>) is a separate series of CYBER HORNET TRUST (formerly known as ONEFUND TRUST), an open-end management investment company that was organized as a trust under the laws of the State of Delaware on November 9, 2005 (the "Trust"). The Trust currently has two series, one of which is covered by this report. The Fund currently offers one class of shares: No Load Shares. The Fund is diversified, as that term is defined in the Investment Company Act of 1940, as amended (the "1940 Act").

The Fund seeks to achieve its investment objective, to replicate, before fees and expenses, the total return of the S&P 500<sup>®</sup> (the "Index"), by investing in a portfolio of assets whose performance, before fees and expenses, is expected to match approximately the performance of the Index. The Fund expects that its portfolio will consist primarily of securities of issuers included in the Index. The Index is designed to measure the performance of approximately 500 U.S. issuers chosen for market size, liquidity and industry grouping, among other factors.

The Fund has adopted Financial Accounting Standards Board ("FASB") Accounting Standards Update 2023-07, Segment Reporting ("Topic 280") - Improvements to Reportable Segment Disclosures ("ASU 2023-07"). Adoption of ASU 2023-07 impacted financial statement disclosures only and did not affect the Fund's financial position or the results of its operations. An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker ("CODM") to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The CODM is the Adviser of the Fund. The Fund operates as a single operating segment. The Fund's income, expenses, assets, changes in net assets resulting from operations and performance are regularly monitored and assessed as a whole by the CODM responsible for oversight functions of the Fund, using the information presented in the financial statements and financial highlights.

**2.** **SIGNIFICANT ACCOUNTING POLICIES** 

The following is a summary of significant accounting policies consistently followed by the Fund. These policies are in conformity with accounting principles generally accepted in The United States of America ("GAAP"). The Fund is an investment company and accordingly follows the Investment Company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, "Financial Services-Investment Companies."

**Use of Estimates** — The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

**Cash and Cash Equivalents** — Idle cash may be swept into various interest bearing overnight demand deposits and is classified as a cash equivalent on the Statement of Assets and Liabilities. The Fund maintains cash in bank deposit accounts which, at times, may exceed United States federally insured limit of $250,000. Amounts swept overnight are available on the next business day.

**Expenses** — The Fund bears expenses incurred specifically for the Fund and general Trust expenses. Expenses of the Trust which are not attributable to a specific series are allocated among all of their series in a manner deemed by the Trustees to be fair and equitable.

**Fees on Redemptions** — The Fund charges a redemption fee of 0.25% on redemptions of Fund's shares occurring within 30 days following the issuance of such shares. The redemption fee is not a fee to finance sales or sales promotion expenses but is paid to the Fund to defray the costs of liquidating an investor and discourage short-term trading of the Fund's shares. No redemption fee will be imposed on the redemption of shares representing dividends or capital gains distributions, or on amounts representing capital appreciation of shares. The Fund's redemption fees allocated fees for the six months ended September 30, 2025, are reported on the Statements of Changes.

**Federal Income Taxes** — As of and during the six months ended September 30, 2025 the Fund did not have a liability for any unrecognized tax benefits. The Fund files U.S. federal, state, and local tax returns as required. The Fund's tax returns are subject to examination by the relevant tax authorities until expiration of the applicable statute of limitations which is generally three years after the filing of the tax return for federal purposes and four years for most state returns. Tax returns for open years have incorporated no uncertain tax positions that require a provision for income taxes. Therefore, no provision is made by the Fund for federal income or excise taxes. The Fund intends to continue to qualify each year as a "regulated investment company" under Subchapter M of the Internal Revenue Code of 1986, as amended. By so qualifying, the Fund will not be subject to federal income taxes to the extent that it distributes substantially all of its taxable or tax-exempt income, if any, for its tax year ended September 30, 2025. In addition, by distributing in each calendar year substantially all of its net investment income, capital gains and certain other amounts, if any, the Fund will not be subject to a federal excise tax. Interest or penalties, if any, will be recorded in the Statement of Operations when incurred.

**Investment Transactions** — Investment security transactions are accounted for on trade date. Gains and losses on securities sold are determined on a specific identification basis.

    <br> Financial Statements \| September 30, 2025 11

<u>CYBER HORNET S&P 500<sup>®</sup></u> <u>Notes to Financial Statements</u> <br> September 30, 2025 (Unaudited)

**Investment Income** — Dividend income is recorded on the ex-dividend date. Withholding taxes on foreign dividends have been provided for in accordance with the Fund's understanding of the applicable country's tax rules and rates. Interest income, which includes amortization of premium and accretion of discount, is recorded on the accrual basis.

**Dividends and Distributions** — The Fund intends to distribute its net investment income and net realized long-term and short-term capital gains, if any, at least annually. Dividends and distributions to shareholders, which are determined in accordance with income tax regulations, are recorded on the ex-dividend date. The treatment for financial reporting purposes of distributions made to shareholders during the period from net investment income or net realized capital gains may differ from their ultimate treatment for federal income tax purposes. These differences are caused primarily by differences in the timing of the recognition of certain components of income, expense or realized capital gain for federal income tax purposes. Where such differences are permanent in nature, they are reclassified among the components of the net assets based on their ultimate characterization for federal income tax purposes. Any such reclassifications will have no effect on net assets, results of operations or net asset Value ("NAV") per share of the Funds.

**3.** **SECURITIES VALUATION AND FAIR VALUE MEASUREMENT** 

The Fund's portfolio securities are valued as of the close of trading of the New York Stock Exchange ("NYSE") (normally 4:00 p.m., Eastern Time). Each security, excluding short-term investments, is valued at the last sale price reported by the principal security exchange on which the issue is traded. Money market funds, representing short-term investments, are valued at their daily net asset value. Securities that are traded on the Nasdaq Stock Market, Inc. are valued at the Nasdaq Official Closing Price or if no sale is reported, the mean between the bid and the ask. Securities which are traded over-the-counter are valued at the last sale price or, if no sale, at the mean between the bid and the ask. Securities for which quotations are not readily available are valued at fair value as determined by the Fund's investment adviser, as the Valuation Designee appointed by the Board of Trustees (the "Board"), in accordance with procedures approved by the Board. The fair value of a security is the amount which the Fund might reasonably expect to receive upon a current sale. The fair value of a security may differ from the last quoted price and the Fund may not be able to sell a security at the fair value. Market quotations may not be available, for example, if trading in particular securities was halted during the day and not resumed prior to the close of trading on the NYSE. As of September 30, 2025, there were no securities that were internally fair valued.

A three-tier hierarchy has been established to classify fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability that are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability that are developed based on the best information available. In accordance with the authoritative guidance on fair value measurements and disclosure under GAAP, the Fund discloses fair value of its investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value.

Various inputs are used in determining the value of the Fund's investments as of the reporting period end. These inputs are categorized in the following hierarchy under applicable financial accounting standards:

Level 1 — Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Fund has the ability to access at the measurement date;

Level 2 — Quoted prices which are not active, quoted prices for similar assets or liabilities in active markets or inputs other than quoted prices that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and

Level 3 — Significant unobservable prices or inputs (including the Fund's own assumptions in determining the fair value of investments) where there is little or no market activity for the asset or liability at the measurement date.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

An investment level within the fair value hierarchy is based on the lowest level input, individually or in the aggregate, that is significant to fair value measurement. The valuation techniques used by the Fund to measure fair value during the six months ended September 30, 2025, maximized the use of observable inputs and minimized the use of unobservable inputs.

    <br> 12 https://cyberhornet.io/

<u>CYBER HORNET S&P 500<sup>®</sup></u> <u>Notes to Financial Statements</u> <br> September 30, 2025 (Unaudited)

The inputs or methodologies used for valuing securities are not necessarily an indication of the risk or liquidity associated with investing in those securities. The following is a summary of the inputs used in valuing the Fund's investments as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities at Value** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets** | | | | |
| &nbsp;&nbsp;&nbsp;Common Stocks\* | $150579401 | $— | $— | $150579401 |
| &nbsp;&nbsp;&nbsp;Exchange-Traded Funds | 479650 |  |  | 479650 |
| &nbsp;&nbsp;&nbsp;Rights | 999 |  |  | 999 |
| &nbsp;&nbsp;&nbsp;TOTAL | $151060050 | $— | $— | $151060050 |

---

*\** *See Schedule of Investments for sector classifications.*

The Fund did not hold any investments at the end of the reporting period for which significant unobservable inputs (Level 3) were used in determining fair value; therefore, no reconciliation of Level 3 securities is included for this reporting period.

**4.** **ADVISORY FEES, ADMINISTRATION FEES AND OTHER AGREEMENTS** 

**Investment Advisory Agreement** — CYBER HORNET ETFS, LLC (formerly, ONEFUND, LLC) (the "Adviser") currently provides investment advisory services for individuals, trusts, estates and institutions. The Adviser commenced operations in 2004 and is registered as an investment adviser with the Securities and Exchange Commission. The Adviser is entitled to an investment advisory fee, computed daily and payable monthly, of 0.25% of the average daily net assets of the Fund. An officer and trustee of the Trust is also an officer of the Adviser.

The Adviser has agreed to waive and/or reimburse fees or expenses in order to limit total annual fund operating expenses after fee waiver/expense reimbursement (excluding acquired fund fees and expenses, brokerage expenses, interest expenses, taxes and extraordinary expenses) to 0.25% of the Fund's average daily net assets for No Load Shares. The Adviser intends to reimburse fund expenses no less frequently than on a quarterly basis, but there have been and there may continue to be instances where the Adviser reimburses fund expenses on a less frequent basis. This agreement is in effect through July 31, 2026, and may not be terminated or modified by the Adviser prior to this date except with the approval of the Fund's Board. Amounts previously waived or reimbursed by the Adviser under this agreement are not subject to subsequent recapture by the Adviser.

**Fund Accounting and Administration Fees and Expenses** — Ultimus Fund Solutions, LLC ("Ultimus" or the "Administrator") provides administrative, fund accounting and other services to the Fund under a Master Services Agreement with the Trust (the "Master Services Agreement"). Under the Master Services Agreement, Ultimus is paid fees for its services and is reimbursed for certain out-of-pocket expenses. Administrator fees paid by the Fund for the six months ended September 30, 2025 are disclosed in the Statement of Operations.

Certain officers and trustees of the Trust are also officers of the Adviser and/or the Administrator. Such officers are paid no fees by the Trust for serving as officers or trustees to the Trust.

**Transfer Agent and Shareholder Services Agreement** — Ultimus serves as transfer, dividend paying and shareholder servicing agent for the Fund (the "Transfer Agent") under the Master Services Agreement. Transfer Agent fees paid by the Fund for the six months ended September 30, 2025 are disclosed in the Statement of Operations.

**Compliance Services** — Gryphon Fund Group ("Gryphon"), provides a Chief Compliance Officer to the Trust, as well as related compliance services, pursuant to a consulting agreement between Gryphon and the Trust. Under the terms of such agreement Gryphon is entitled to receive fees from the Fund.

**Distributor** — The Fund has entered into a Distribution Agreement with Ultimus Fund Distributors, LLC (the "Distributor") to provide distribution services to the Fund. The Distributor serves as underwriter/distributor of shares of the Fund. Distribution services fees are paid by the Adviser pursuant to the terms set forth in the Distribution Agreement.

**5.** **PURCHASES AND SALES OF INVESTMENT SECURITIES** 

The aggregate cost of purchases and proceeds from sales of investment securities, excluding short-term securities, are shown below for the six months ended September 30, 2025.

---

| | | |
|:---|:---|:---|
|  | **Cost of Investments<br> Purchased** | **Proceeds from<br> Investments Sold** |
| CYBER HORNET S&P 500<sup>®</sup> | $19699313 | $14727531 |

---

    <br> Financial Statements \| September 30, 2025 13

<u>CYBER HORNET S&P 500<sup>®</sup></u> <u>Notes to Financial Statements</u> <br> September 30, 2025 (Unaudited)

**6.** **TAX BASIS INFORMATION** 

Distributions are determined in accordance with federal income tax regulations, which differ from GAAP, and, therefore, may differ significantly in amount or character from net investment income and realized gains for financial reporting purposes. Financial reporting records are adjusted for permanent book/tax differences to reflect tax character but are not adjusted for temporary differences. The amounts and characteristics of tax basis distributions and composition of distributable earnings/(accumulated losses) are finalized at fiscal year-end.

The tax character of distributions paid during the fiscal year ended March 31, 2025, were as follows:

---

| | | |
|:---|:---|:---|
|  | **Ordinary Income** | **Long-Term<br> Capital Gains** |
| CYBER HORNET S&P 500<sup>®</sup> | $1866270 | $665313 |

---

As of September 30, 2025, net unrealized appreciation/(depreciation) of investments based on the federal tax cost were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Gross Appreciation<br> (excess of value over<br> tax cost)** | **Gross Depreciation<br> (excess of tax cost<br> over value)** | **Net Unrealized**<br> **Appreciation** | **Cost of Investments<br> for Income Tax<br> Purposes** |
| CYBER HORNET S&P 500<sup>®</sup> | $66202178 | $(1691162) | $64511016 | $86549034 |

---

The difference between book basis and tax basis cost is primarily attributable to wash sales.

At March 31, 2025, components of distributable earnings on a tax basis were as follows:

---

| | |
|:---|:---|
|  | **CYBER HORNET<br> S&P 500<sup>®</sup>** |
| Accumulated ordinary income | $312756 |
| Accumulated capital and other losses | 120519 |
| Net unrealized appreciation on investments | 41061813 |
| &nbsp;&nbsp;&nbsp;Total | $41495088 |

---

**Capital Losses** — As of March 31, 2025, the Fund did not have any short-term and long-term capital loss carryforwards. During the fiscal year ended March 31, 2025, the Fund did not utilize short-term and long-term capital loss carryforwards.

**7.** **BENEFICIAL OWNERSHIP** 

As of September 30, 2025, the following entities owned beneficially 25% or greater of the Fund's outstanding shares. The shares are held under omnibus accounts (whereby the transactions of two or more shareholders are combined and carried in the name of the origination broker rather than designated separately).

---

| | |
|:---|:---|
| **CYBER HORNET S&P 500<sup>®</sup>** | **Percentage** |
| Charles Schwab & Co. | 69% |

---

**8.** **SECTOR RISK** 

If a Fund has significant investments in the securities of issuers within a particular sector, any development affecting that sector will have a greater impact on the value of the net assets of the Fund than would be the case if the Fund did not have significant investments in that sector. In addition, this may increase the risk of loss in the Fund and increase the volatility of the Fund's NAV per share. For instance, economic or market factors, regulatory changes or other developments may negatively impact all companies in a particular sector, and therefore the value of the Fund's portfolio will be adversely affected. As of September 30, 2025, the Fund had 35.13% of the value of its net assets invested in stocks within the Technology sector.

    <br> 14 https://cyberhornet.io/

<u>CYBER HORNET S&P 500<sup>®</sup></u> <u>Notes to Financial Statements</u> <br> September 30, 2025 (Unaudited)

**9.** **COMMITMENTS AND CONTINGENCIES** 

Under the Trust's organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Fund. In addition, in the normal course of business, the Trust entered into contracts with its service providers, on behalf of the Fund, and others that provide for general indemnifications. The Fund's maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Fund. The Fund expects the risk of loss to be remote.

**10.** **SUBSEQUENT EVENTS** 

Management of the Fund has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date at which these financial statements were issued. Based upon this evaluation, management has determined there were no items requiring adjustment of the financial statements or additional disclosure.

    <br> Financial Statements \| September 30, 2025 15

<u>CYBER HORNET S&P 500<sup>®</sup></u> <u>Additional Information</u> <br> September 30, 2025 (Unaudited)

**Changes in and Disagreements with Accountants**

There were no changes in or disagreements with accountants during the period covered by this report.

**Proxy Disclosures**

There were no matters submitted to a vote of shareholders during the period covered by this report.

**Remuneration Paid to Directors, Officers and Others**

Refer to the financial statements included herein.

**Statement Regarding Basis for Approval of Investment Advisory Agreement**

Not applicable.

    <br> 16 https://cyberhornet.io/

**Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.** 

Not Applicable.

**Item 9. Proxy Disclosures for Open-End Management Investment Companies.** 

Not Applicable.

**Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.** 

Included under Item 7

**Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.** 

Not Applicable.

**Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.** 

Not Applicable.

**Item 13. Portfolio Managers of Closed-End Management Investment Companies.**

Not Applicable.

**Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.** 

Not Applicable.

**Item 15. Submission of Matters to a Vote of Security Holders.** 

None

**Item 16. Controls and Procedures**

(a) The registrant's Principal Executive Officer and Principal Financial Officer have concluded that the
 registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act) are effective in design and operation
 and are sufficient to form the basis of the certifications required by Rule 30a-(2) under the Act, based on their evaluation of these
 disclosure controls and procedures as of a date within 90 days of this report on Form N-CSR.

(b) There were no changes in the registrant's internal control over financial reporting (as defined in Rule
 30a-3(d) under the Act) during the period covered by this report that have materially affected, or are reasonably likely to materially
 affect, the registrant's internal control over financial reporting.

**Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.** 

Not Applicable.

**Item 18. Recovery of Erroneously Awarded Compensation.** 

(a) Not Applicable.

(b) Not Applicable.

**Item 19. Exhibits.** 

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| | |
|:---|:---|
| (a)(1) | Not Applicable – disclosed with annual report. |
| (a)(2) | Not Applicable. |
| (a)(3) | [Certifications by the registrant's principal executive officer and principal financial officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and required by Rule 30a-2under the Investment Company Act of 1940 are filed herewith.](cyberhornet_ex99cert.htm) |
| (a)(4) | Not Applicable. |
| (b) | [Certifications required by Rule 30a-2(b) under the Act (17 CFR 270.30a-2(b)): Attached hereto](cyberhornet_ex99-906cert.htm) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| | |
|:---|:---|
| (Registrant) | CYBER HORNET TRUST |
| By (Signature and Title) | /s/ Michael G. Willis |
|  | Michael G. Willis, President and Principal Executive Officer |
| Date | 12/03/2025 |
| Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. | Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. |
| By (Signature and Title) | /s/ Michael G. Willis |
|  | Michael G. Willis, President and Principal Executive Officer |
| Date | 12/03/2025 |
| By (Signature and Title) | /s/ Michael G. Willis |
|  | Michael G. Willis, President and Principal Executive Officer |
| Date | 12/03/2025 |

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## Ex-99.Cert

**EX-99.CERT**

**<u>CERTIFICATIONS</u>**

I, Michael G. Willis, certify that:

1. I have reviewed this report on Form N-CSR of CYBER HORNET TRUST (the "registrant");

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

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| | |
|:---|:---|
| 12/03/2025 | /s/ Michael G. Willis |
| Date | Michael G. Willis |
|  | Principal Executive Officer and Principal Financial Officer<br> CYBER HORNET TRUST |

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## Exhibit 99.906

**EX-99.906CERT**

**section 906 CERTIFICATION**

This certification is provided pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. § 1350, and accompanies the report on Form N-CSR for the period ended September 30, 2025 of CYBER HORNET TRUST (the "Registrant").

I, Michael G. Willis, the Principal Executive Officer and Principal Financial Officer of the Registrant, certify that, to the best of my knowledge:

1. the Form N-CSR fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a) or 78o(d)); and

2. the information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

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| |
|:---|
| /s/ Michael G. Willis |
| Michael G. Willis |
| Principal Executive Officer and Principal Financial Officer<br> CYBER HORNET TRUST |

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<u>12/03/2025</u> <br> Date

This certification is being furnished solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and is not being filed as part of Form N-CSR or as a separate disclosure document. A signed original of this written statement required by Section 906 has been provided to the Registrant and will be retained by the Registrant and furnished to the Securities and Exchange Commission or its staff upon request.