# EDGAR Filing Document

**Accession Number:** 0001592900
**File Stem:** 0001592900-26-000787
**Filing Date:** 2026-2
**Character Count:** 521798
**Document Hash:** afc18014d8d5cb2c14118d42b9648322
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592900-26-000787.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001592900-26-000787

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 18

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**EFFECTIVENESS DATE**: 20260226

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EA Series Trust
- **CENTRAL INDEX KEY:** 0001592900

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22961
- **FILM NUMBER:** 26683402

**BUSINESS ADDRESS:**
- **STREET 1:** 3803 WEST CHESTER PIKE, SUITE 150
- **CITY:** NEWTOWN SQUARE
- **STATE:** PA
- **ZIP:** 19073
- **BUSINESS PHONE:** 1.215.882.9983

**MAIL ADDRESS:**
- **STREET 1:** 3803 WEST CHESTER PIKE, SUITE 150
- **CITY:** NEWTOWN SQUARE
- **STATE:** PA
- **ZIP:** 19073

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Alpha Architect ETF Trust
- **DATE OF NAME CHANGE:** 20140428

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Empowered Funds ETF Trust
- **DATE OF NAME CHANGE:** 20131125

## Series and Classes Contracts Data

### Strive 500 ETF (Series ID: S000077125)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000237295 | Strive 500 ETF | STRV            |

### Strive U.S. Energy ETF (Series ID: S000077126)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000237296 | Strive U.S. Energy ETF | DRLL            |

### Strive U.S. Semiconductor ETF (Series ID: S000077127)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000237297 | Strive U.S. Semiconductor ETF | SHOC            |

### Strive Emerging Markets Ex-China ETF (Series ID: S000077313)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000237654 | Strive Emerging Markets Ex-China ETF | STXE            |

### Strive 1000 Growth ETF (Series ID: S000078017)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000238755 | Strive 1000 Growth ETF | STXG            |

### Strive 1000 Value ETF (Series ID: S000078018)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000238756 | Strive 1000 Value ETF | STXV            |

### Strive Small-Cap ETF (Series ID: S000078019)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000238757 | Strive Small-Cap ETF | STXK            |

### Strive 1000 Dividend Growth ETF (Series ID: S000078020)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000238758 | Strive 1000 Dividend Growth ETF | STXD            |

### Strive Natural Resources and Security ETF (Series ID: S000079383)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000240405 | Strive Natural Resources and Security ETF | FTWO            |

### Strive International Developed Markets ETF (Series ID: S000080100)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000241772 | Strive International Developed Markets ETF | STXI            |

### Strive Total Return Bond ETF (Series ID: S000080332)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000242670 | Strive Total Return Bond ETF | STXT            |

### Strive Enhanced Income Short Maturity ETF (Series ID: S000080333)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000242671 | Strive Enhanced Income Short Maturity ETF | BUXX            |

### Strive Mid-Cap ETF (Series ID: S000084251)

| Class ID   | Class Name         | Ticker Symbol   |
|:---|:---|:---|
| C000248532 | Strive Mid-Cap ETF | STXM            |

?xml version='1.0' encoding='ASCII'? ck0001592900-20251231

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>811-22961</u>**

**<u>EA Series Trust</u>**

(Exact name of registrant as specified in charter)

**<u>3803 West Chester Pike, Suite 150</u>**

**<u>Newtown Square, PA 19073</u>**

(Address of principal executive offices) (Zip code)

**<u>3803 West Chester Pike, Suite 150</u>**

**<u>Newtown Square, PA 19073</u>**

(Name and address of agent for service)

**<u>215-330-4476</u>**

Registrant's telephone number, including area code

Date of fiscal year end: **<u>June 30, 2026</u>**

Date of reporting period: **<u>December 31, 2025</u>**

------

**<u>Item 1. Report to Stockholders</u>.**

(a) ------

---

| | | |
|:---|:---|:---|
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive 1000 Dividend Growth ETF<br>Ticker: STXD<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/stxd |
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive 1000 Dividend Growth ETF<br>Ticker: STXD<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/stxd |

---

**This semi-annual shareholder report contains important information about the Strive 1000 Dividend Growth ETF (the "Fund") for the period of July 1, 2025 to December 31, 2025 (the "Period"). You can find additional information about the Fund at https://www.strivefunds.com/stxd. You can also request this information by contacting us at (215) 330-4476.**<br>

---

| | |
|:---|:---|
| **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** | **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** |
| **COST OF $10,000 INVESTMENT** | **COST PAID AS A PERCENTAGE OF $10,000 INVESTMENT** |
| $18 | 0.35% |

---

---

| | | | |
|:---|:---|:---|:---|
| **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** |
| **Net Assets** | $51467027 | **Portfolio Turnover Rate\*** | 1% |
| **# of Portfolio Holdings** | 202 | **Advisory Fees Paid** | $92916 |
| \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. |

---

---

| | |
|:---|:---|
| **SECTOR WEIGHTING<br>(as a % of Net Assets)** | **SECTOR WEIGHTING<br>(as a % of Net Assets)** |
| Financials | 25.7% |
| Information Technology | 22.8% |
| Health Care | 17.2% |
| Industrials | 14.8% |
| Consumer Staples | 6.4% |
| Consumer Discretionary | 6.3% |
| Materials | 2.7% |
| Real Estate | 2.1% |
| Utilities | 1.6% |
| Energy | 0.1% |
| Communication Services | 0.1% |
| Cash and Cash Equivalents | 0.2% |

---

---

| | |
|:---|:---|
| **TOP 10 HOLDINGS<br>(as a % of Net Assets)** | **TOP 10 HOLDINGS<br>(as a % of Net Assets)** |
| Eli Lilly & Co. | 5.4% |
| JPMorgan Chase & Co. | 5.1% |
| Broadcom, Inc. | 5.1% |
| Microsoft Corp. | 4.6% |
| Visa, Inc. - Class A | 3.5% |
| Mastercard, Inc. - Class A | 2.7% |
| AbbVie, Inc. | 2.4% |
| Costco Wholesale Corp. | 2.2% |
| Bank of America Corp. | 2.2% |
| Home Depot, Inc. | 2.0% |

---

**Availability of Additional Information**

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy information, visit https://www.strivefunds.com/stxd. You can also request information by calling (215) 330-4476.

**Householding**

Householding is an option available to certain investors of the Fund. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Householding for the Fund is available through certain broker-dealers. If you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents or you are currently enrolled in householding and wish to change your householding status, please contact your broker-dealer.

Semi-Annual Shareholder Report: December 31, 2025

------

---

| | | |
|:---|:---|:---|
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive 1000 Growth ETF<br>Ticker: STXG<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/stxg |
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive 1000 Growth ETF<br>Ticker: STXG<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/stxg |

---

**This semi-annual shareholder report contains important information about the Strive 1000 Growth ETF (the "Fund") for the period of July 1, 2025 to December 31, 2025 (the "Period"). You can find additional information about the Fund at https://www.strivefunds.com/stxg. You can also request this information by contacting us at (215) 330-4476.**<br>

---

| | |
|:---|:---|
| **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** | **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** |
| **COST OF $10,000 INVESTMENT** | **COST PAID AS A PERCENTAGE OF $10,000 INVESTMENT** |
| $10 | 0.18% |

---

---

| | | | |
|:---|:---|:---|:---|
| **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** |
| **Net Assets** | $142875507 | **Portfolio Turnover Rate\*** | 6% |
| **# of Portfolio Holdings** | 706 | **Advisory Fees Paid** | $127386 |
| \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions.  | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions.  | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions.  | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions.  |

---

---

| | |
|:---|:---|
| **SECTOR WEIGHTING<br>(as a % of Net Assets)** | **SECTOR WEIGHTING<br>(as a % of Net Assets)** |
| Information Technology | 41.3% |
| Communication Services | 12.3% |
| Consumer Discretionary | 12.2% |
| Financials | 10.1% |
| Industrials | 9.3% |
| Health Care | 6.4% |
| Consumer Staples | 3.4% |
| Real Estate | 1.9% |
| Materials | 1.3% |
| Utilities | 0.9% |
| Energy | 0.6% |
| Cash and Cash Equivalents | 0.3% |

---

---

| | |
|:---|:---|
| **TOP 10 HOLDINGS<br>(as a % of Net Assets)** | **TOP 10 HOLDINGS<br>(as a % of Net Assets)** |
| NVIDIA Corp. | 9.4% |
| Apple, Inc. | 8.6% |
| Microsoft Corp. | 7.8% |
| Amazon.com, Inc. | 4.8% |
| Alphabet, Inc. - Class A | 3.8% |
| Broadcom, Inc. | 3.5% |
| Meta Platforms, Inc. - Class A | 3.1% |
| Alphabet, Inc. - Class C | 3.1% |
| Tesla, Inc. | 2.8% |
| Eli Lilly & Co. | 2.0% |

---

**Availability of Additional Information**

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy information, visit https://www.strivefunds.com/stxg. You can also request information by calling (215) 330-4476.

**Householding**

Householding is an option available to certain investors of the Fund. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Householding for the Fund is available through certain broker-dealers. If you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents or you are currently enrolled in householding and wish to change your householding status, please contact your broker-dealer.

Semi-Annual Shareholder Report: December 31, 2025

------

---

| | | |
|:---|:---|:---|
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive 1000 Value ETF<br>Ticker: STXV<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/stxv |
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive 1000 Value ETF<br>Ticker: STXV<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/stxv |

---

**This semi-annual shareholder report contains important information about the Strive 1000 Value ETF (the "Fund") for the period of July 1, 2025 to December 31, 2025 (the "Period"). You can find additional information about the Fund at https://www.strivefunds.com/stxv. You can also request this information by contacting us at (215) 330-4476.**<br>

---

| | |
|:---|:---|
| **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** | **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** |
| **COST OF $10,000 INVESTMENT** | **COST PAID AS A PERCENTAGE OF $10,000 INVESTMENT** |
| $10 | 0.18% |

---

---

| | | | |
|:---|:---|:---|:---|
| **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** |
| **Net Assets** | $68884519 | **Portfolio Turnover Rate\*** | 12% |
| **# of Portfolio Holdings** | 706 | **Advisory Fees Paid** | $60779 |
| \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. |

---

---

| | |
|:---|:---|
| **SECTOR WEIGHTING<br>(as a % of Net Assets)** | **SECTOR WEIGHTING<br>(as a % of Net Assets)** |
| Financials | 21.9% |
| Health Care | 19.5% |
| Information Technology | 9.8% |
| Energy | 9.4% |
| Industrials | 8.6% |
| Consumer Staples | 7.8% |
| Utilities | 6.1% |
| Consumer Discretionary | 5.5% |
| Communication Services | 4.7% |
| Materials | 3.9% |
| Real Estate | 2.5% |
| Cash and Cash Equivalents | 0.3% |

---

---

| | |
|:---|:---|
| **TOP 10 HOLDINGS<br>(as a % of Net Assets)** | **TOP 10 HOLDINGS<br>(as a % of Net Assets)** |
| Exxon Mobil Corp. | 3.0% |
| Johnson & Johnson | 2.6% |
| Bank of America Corp. | 2.3% |
| Micron Technology, Inc. | 2.0% |
| UnitedHealth Group, Inc. | 1.8% |
| AbbVie, Inc. | 1.6% |
| Merck & Co., Inc. | 1.6% |
| Wells Fargo & Co. | 1.6% |
| Chevron Corp. | 1.4% |
| Citigroup, Inc. | 1.3% |

---

**Availability of Additional Information**

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy information, visit https://www.strivefunds.com/stxv. You can also request information by calling (215) 330-4476.

**Householding**

Householding is an option available to certain investors of the Fund. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Householding for the Fund is available through certain broker-dealers. If you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents or you are currently enrolled in householding and wish to change your householding status, please contact your broker-dealer.

Semi-Annual Shareholder Report: December 31, 2025

------

---

| | | |
|:---|:---|:---|
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive 500 ETF<br>Ticker: STRV<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/strv |
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive 500 ETF<br>Ticker: STRV<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/strv |

---

**This semi-annual shareholder report contains important information about the Strive 500 ETF (the "Fund") for the period of July 1, 2025 to December 31, 2025 (the "Period"). You can find additional information about the Fund at https://www.strivefunds.com/strv. You can also request this information by contacting us at (215) 330-4476.** <br>

---

| | |
|:---|:---|
| **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** | **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** |
| **COST OF $10,000 INVESTMENT** | **COST PAID AS A PERCENTAGE OF $10,000 INVESTMENT** |
| $3 | 0.05% |

---

---

| | | | |
|:---|:---|:---|:---|
| **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** |
| **Net Assets** | $1017174096 | **Portfolio Turnover Rate\*** | 1% |
| **# of Portfolio Holdings** | 508 | **Advisory Fees Paid** | $273858 |
| \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. |

---

---

| | |
|:---|:---|
| **SECTOR WEIGHTING<br>(as a % of Net Assets)** | **SECTOR WEIGHTING<br>(as a % of Net Assets)** |
| Information Technology | 34.3% |
| Financials | 13.2% |
| Communication Services | 10.8% |
| Consumer Discretionary | 10.4% |
| Health Care | 9.8% |
| Industrials | 8.2% |
| Consumer Staples | 4.6% |
| Energy | 2.9% |
| Utilities | 2.2% |
| Materials | 1.8% |
| Real Estate | 1.7% |
| Cash and Cash Equivalents | 0.1% |

---

---

| | |
|:---|:---|
| **TOP 10 HOLDINGS<br>(as a % of Net Assets)** | **TOP 10 HOLDINGS<br>(as a % of Net Assets)** |
| NVIDIA Corp. | 7.4% |
| Apple, Inc. | 6.7% |
| Microsoft Corp. | 6.1% |
| Amazon.com, Inc. | 3.8% |
| Alphabet, Inc. - Class A | 3.1% |
| Broadcom, Inc. | 2.7% |
| Alphabet, Inc. - Class C | 2.5% |
| Meta Platforms, Inc. - Class A | 2.4% |
| Tesla, Inc. | 2.2% |
| Eli Lilly & Co. | 1.6% |

---

**Availability of Additional Information**

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy information, visit https://www.strivefunds.com/strv. You can also request information by calling (215) 330-4476.

**Householding**

Householding is an option available to certain investors of the Fund. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Householding for the Fund is available through certain broker-dealers. If you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents or you are currently enrolled in householding and wish to change your householding status, please contact your broker-dealer.

Semi-Annual Shareholder Report: December 31, 2025

------

---

| | | |
|:---|:---|:---|
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive Emerging Markets Ex-China ETF<br>Ticker: STXE<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/stxe |
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive Emerging Markets Ex-China ETF<br>Ticker: STXE<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/stxe |

---

**This semi-annual shareholder report contains important information about the Strive Emerging Markets Ex-China ETF (the "Fund") for the period of July 1, 2025 to December 31, 2025 (the "Period"). You can find additional information about the Fund at https://www.strivefunds.com/stxe. You can also request this information by contacting us at (215) 330-4476.**<br>

---

| | |
|:---|:---|
| **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** | **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** |
| **COST OF $10,000 INVESTMENT** | **COST PAID AS A PERCENTAGE OF $10,000 INVESTMENT** |
| $18 | 0.32% |

---

---

| | | | |
|:---|:---|:---|:---|
| **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** |
| **Net Assets** | $108519656 | **Portfolio Turnover Rate\*** | 11% |
| **# of Portfolio Holdings** | 218 | **Advisory Fees Paid** | $162989 |
| \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. |

---

---

| | |
|:---|:---|
| **SECTOR WEIGHTING<br>(as a % of Net Assets)** | **SECTOR WEIGHTING<br>(as a % of Net Assets)** |
| Information Technology | 38.8% |
| Financials | 27.5% |
| Materials | 7.5% |
| Industrials | 5.3% |
| Consumer Discretionary | 4.7% |
| Communication Services | 4.2% |
| Energy | 3.9% |
| Consumer Staples | 2.9% |
| Utilities | 2.4% |
| Health Care | 1.7% |
| Real Estate | 0.7% |
| Cash and Cash Equivalents | 0.4% |

---

---

| | |
|:---|:---|
| **TOP 10 COUNTRY WEIGHTING<br>(as a % of Net Assets)** | **TOP 10 COUNTRY WEIGHTING<br>(as a % of Net Assets)** |
| Taiwan | 27.0% |
| India | 21.9% |
| South Korea | 19.4% |
| Brazil | 5.5% |
| Saudi Arabia | 5.3% |
| South Africa | 4.7% |
| Mexico | 3.2% |
| United Arab Emirates | 2.0% |
| Thailand | 1.6% |
| Poland | 1.4% |

---

**Availability of Additional Information**

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy information, visit https://www.strivefunds.com/stxe. You can also request information by calling (215) 330-4476.

**Householding**

Householding is an option available to certain investors of the Fund. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Householding for the Fund is available through certain broker-dealers. If you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents or you are currently enrolled in householding and wish to change your householding status, please contact your broker-dealer.

Semi-Annual Shareholder Report: December 31, 2025

------

---

| | | |
|:---|:---|:---|
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive Enhanced Income Short Maturity ETF<br>Ticker: BUXX<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/buxx |
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive Enhanced Income Short Maturity ETF<br>Ticker: BUXX<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/buxx |

---

**This semi-annual shareholder report contains important information about the Strive Enhanced Income Short Maturity ETF (the "Fund") for the period of July 1, 2025 to December 31, 2025 (the "Period"). You can find additional information about the Fund at https://www.strivefunds.com/buxx. You can also request this information by contacting us at (215) 330-4476.**<br>

---

| | |
|:---|:---|
| **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** | **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** |
| **COST OF $10,000 INVESTMENT** | **COST PAID AS A PERCENTAGE OF $10,000 INVESTMENT** |
| $13 | 0.25% |

---

---

| | | | |
|:---|:---|:---|:---|
| **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** |
| **Net Assets** | $321553087 | **Portfolio Turnover Rate\*** | 36% |
| **# of Portfolio Holdings** | 301 | **Advisory Fees Paid** | $392923 |
| \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. |

---

---

| | |
|:---|:---|
| **INVESTMENT WEIGHTING<br>(as a % of Net Assets)** | **INVESTMENT WEIGHTING<br>(as a % of Net Assets)** |
| Asset-Backed Securities | 32.8% |
| Corporate Bonds | 27.0% |
| Collateralized Mortgage Obligations | 16.2% |
| Collateralized Loan Obligations | 13.7% |
| Mortgage-Backed Securities | 4.5% |
| Money Market Funds | 4.4% |
| U.S. Treasury Bills | 2.8% |
| Cash and Cash Equivalents | (1.4)% |

---

**Availability of Additional Information**

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy information, visit https://www.strivefunds.com/buxx. You can also request information by calling (215) 330-4476.

**Householding**

Householding is an option available to certain investors of the Fund. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Householding for the Fund is available through certain broker-dealers. If you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents or you are currently enrolled in householding and wish to change your householding status, please contact your broker-dealer.

Semi-Annual Shareholder Report: December 31, 2025

------

---

| | | |
|:---|:---|:---|
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive International Developed Markets ETF<br>Ticker: STXI<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/stxi |
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive International Developed Markets ETF<br>Ticker: STXI<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/stxi |

---

**This semi-annual shareholder report contains important information about the Strive International Developed Markets ETF (the "Fund") for the period of July 1, 2025 to December 31, 2025 (the "Period"). You can find additional information about the Fund at https://www.strivefunds.com/stxi. You can also request this information by contacting us at (215) 330-4476.**<br>

---

| | |
|:---|:---|
| **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** | **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** |
| **COST OF $10,000 INVESTMENT** | **COST PAID AS A PERCENTAGE OF $10,000 INVESTMENT** |
| $15 | 0.29% |

---

---

| | | | |
|:---|:---|:---|:---|
| **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** |
| **Net Assets** | $21873432 | **Portfolio Turnover Rate\*** | 6% |
| **# of Portfolio Holdings** | 243 | **Advisory Fees Paid** | $29198 |
| \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. |

---

---

| | |
|:---|:---|
| **SECTOR WEIGHTING<br>(as a % of Net Assets)** | **SECTOR WEIGHTING<br>(as a % of Net Assets)** |
| Financials | 30.5% |
| Industrials | 16.4% |
| Health Care | 11.1% |
| Consumer Discretionary | 8.9% |
| Information Technology | 8.9% |
| Consumer Staples | 6.5% |
| Materials | 6.2% |
| Energy | 4.9% |
| Communication Services | 3.0% |
| Utilities | 2.7% |
| Real Estate | 0.5% |
| Cash and Cash Equivalents | 0.4% |

---

---

| | |
|:---|:---|
| **TOP 10 COUNTRY WEIGHTING<br>(as a % of Net Assets)** | **TOP 10 COUNTRY WEIGHTING<br>(as a % of Net Assets)** |
| Japan | 18.1% |
| United Kingdom | 14.1% |
| Canada | 12.9% |
| France | 10.4% |
| Switzerland | 10.2% |
| Germany | 9.5% |
| Australia | 5.0% |
| Netherlands | 4.6% |
| Spain | 3.4% |
| Italy | 2.7% |

---

**Availability of Additional Information**

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy information, visit https://www.strivefunds.com/stxi. You can also request information by calling (215) 330-4476.

**Householding**

Householding is an option available to certain investors of the Fund. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Householding for the Fund is available through certain broker-dealers. If you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents or you are currently enrolled in householding and wish to change your householding status, please contact your broker-dealer.

Semi-Annual Shareholder Report: December 31, 2025

------

---

| | | |
|:---|:---|:---|
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive Mid-Cap ETF<br>Ticker: STXM<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/stxm |
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive Mid-Cap ETF<br>Ticker: STXM<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/stxm |

---

**This semi-annual shareholder report contains important information about the Strive Mid-Cap ETF (the "Fund") for the period of July 1, 2025 to December 31, 2025 (the "Period"). You can https://www.strivefunds.com/stxm. You can also request this information by contacting us at (215) 330-4476.** <br>

---

| | |
|:---|:---|
| **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** | **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** |
| **COST OF $10,000 INVESTMENT** | **COST PAID AS A PERCENTAGE OF $10,000 INVESTMENT** |
| $9 | 0.18% |

---

---

| | | | |
|:---|:---|:---|:---|
| **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** |
| **Net Assets** | $21090974 | **Portfolio Turnover Rate\*** | 17% |
| **# of Portfolio Holdings** | 403 | **Advisory Fees Paid** | $17983 |
| \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. |

---

---

| | |
|:---|:---|
| **SECTOR WEIGHTING<br>(as a % of Net Assets)** | **SECTOR WEIGHTING<br>(as a % of Net Assets)** |
| Industrials | 24.9% |
| Information Technology | 15.3% |
| Financials | 14.2% |
| Consumer Discretionary | 10.7% |
| Health Care | 10.1% |
| Real Estate | 6.8% |
| Consumer Staples | 4.7% |
| Materials | 4.7% |
| Communication Services | 3.2% |
| Energy | 2.5% |
| Utilities | 2.4% |
| Cash and Cash Equivalents | 0.5% |

---

---

| | |
|:---|:---|
| **TOP 10 HOLDINGS<br>(as a % of Net Assets)** | **TOP 10 HOLDINGS<br>(as a % of Net Assets)** |
| Sandisk Corp./DE | 0.9% |
| Ciena Corp. | 0.9% |
| Coherent Corp. | 0.8% |
| Lumentum Holdings, Inc. | 0.7% |
| AerCap Holdings NV | 0.7% |
| KeyCorp. | 0.6% |
| Flex Ltd. | 0.6% |
| Credo Technology Group Holding Ltd. | 0.6% |
| Pure Storage, Inc. - Class A | 0.6% |
| Curtiss-Wright Corp. | 0.6% |

---

**Availability of Additional Information**

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy information, visit https://www.strivefunds.com/stxm. You can also request information by calling (215) 330-4476.

**Householding**

Householding is an option available to certain investors of the Fund. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Householding for the Fund is available through certain broker-dealers. If you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents or you are currently enrolled in householding and wish to change your householding status, please contact your broker-dealer.

Semi-Annual Shareholder Report: December 31, 2025

------

---

| | | |
|:---|:---|:---|
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive Natural Resources and Security ETF<br>Ticker: FTWO<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/ftwo |
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive Natural Resources and Security ETF<br>Ticker: FTWO<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/ftwo |

---

**This semi-annual shareholder report contains important information about the Strive Natural Resources and Security ETF (the "Fund") for the period of July 1, 2025 to December 31, 2025 (the "Period"). You can find additional information about the Fund at https://www.strivefunds.com/ftwo. You can also request this information by contacting us at (215) 330-4476.**<br>

---

| | |
|:---|:---|
| **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** | **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** |
| **COST OF $10,000 INVESTMENT** | **COST PAID AS A PERCENTAGE OF $10,000 INVESTMENT** |
| $26 | 0.49% |

---

---

| | | | |
|:---|:---|:---|:---|
| **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** |
| **Net Assets** | $55382848 | **Portfolio Turnover Rate\*** | 14% |
| **# of Portfolio Holdings** | 51 | **Advisory Fees Paid** | $117963 |
| \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. |

---

---

| | |
|:---|:---|
| **SECTOR WEIGHTING<br>(as a % of Net Assets)** | **SECTOR WEIGHTING<br>(as a % of Net Assets)** |
| Industrials | 32.7% |
| Materials | 29.4% |
| Energy | 24.6% |
| Utilities | 12.1% |
| Consumer Staples | 1.0% |
| Cash and Cash Equivalents | 0.2% |

---

---

| | |
|:---|:---|
| **TOP 10 HOLDINGS<br>(as a % of Net Assets)** | **TOP 10 HOLDINGS<br>(as a % of Net Assets)** |
| Constellation Energy Corp. | 9.8% |
| Deere & Co. | 9.3% |
| Exxon Mobil Corp. | 7.2% |
| General Electric Co. | 5.0% |
| Newmont Corp. | 4.5% |
| Chevron Corp. | 4.1% |
| RTX Corp. | 4.0% |
| Corteva, Inc. | 3.6% |
| Cameco Corp. | 3.6% |
| Agnico Eagle Mines Ltd. | 3.5% |

---

**Availability of Additional Information**

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy information, visit https://www.strivefunds.com/ftwo. You can also request information by calling (215) 330-4476.

**Householding**

Householding is an option available to certain investors of the Fund. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Householding for the Fund is available through certain broker-dealers. If you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents or you are currently enrolled in householding and wish to change your householding status, please contact your broker-dealer.

Semi-Annual Shareholder Report: December 31, 2025

------

---

| | | |
|:---|:---|:---|
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive Small-Cap ETF<br>Ticker: STXK<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/stxk |
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive Small-Cap ETF<br>Ticker: STXK<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/stxk |

---

**This semi-annual shareholder report contains important information about the Strive Small-Cap ETF (the "Fund") for the period of July 1, 2025 to December 31, 2025 (the "Period"). You can find additional information about the Fund at https://www.strivefunds.com/stxk. You can also request this information by contacting us at (215) 330-4476.**<br>

---

| | |
|:---|:---|
| **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** | **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** |
| **COST OF $10,000 INVESTMENT** | **COST PAID AS A PERCENTAGE OF $10,000 INVESTMENT** |
| $10 | 0.18% |

---

---

| | | | |
|:---|:---|:---|:---|
| **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** |
| **Net Assets** | $65219043 | **Portfolio Turnover Rate\*** | 19% |
| **# of Portfolio Holdings** | 594 | **Advisory Fees Paid** | $58038 |
| \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. |

---

---

| | |
|:---|:---|
| **SECTOR WEIGHTING<br>(as a % of Net Assets)** | **SECTOR WEIGHTING<br>(as a % of Net Assets)** |
| Financials | 18.4% |
| Information Technology | 15.2% |
| Industrials | 14.4% |
| Health Care | 13.6% |
| Consumer Discretionary | 11.9% |
| Real Estate | 7.7% |
| Materials | 5.6% |
| Energy | 4.7% |
| Utilities | 3.3% |
| Communication Services | 2.7% |
| Consumer Staples | 2.1% |
| Cash and Cash Equivalents | 0.4% |

---

---

| | |
|:---|:---|
| **TOP 10 HOLDINGS<br>(as a % of Net Assets)** | **TOP 10 HOLDINGS<br>(as a % of Net Assets)** |
| Guardant Health, Inc. | 0.6% |
| Hecla Mining Co. | 0.6% |
| Coeur Mining, Inc. | 0.5% |
| Avidity Biosciences, Inc. | 0.5% |
| Arrowhead Pharmaceuticals, Inc. | 0.4% |
| Columbia Banking System, Inc. | 0.4% |
| Lincoln National Corp. | 0.4% |
| CareTrust REIT, Inc. | 0.4% |
| Advanced Energy Industries, Inc. | 0.4% |
| Affiliated Managers Group, Inc. | 0.4% |

---

**Availability of Additional Information**

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy information, visit https://www.strivefunds.com/stxk. You can also request information by calling (215) 330-4476.

**Householding**

Householding is an option available to certain investors of the Fund. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Householding for the Fund is available through certain broker-dealers. If you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents or you are currently enrolled in householding and wish to change your householding status, please contact your broker-dealer.

Semi-Annual Shareholder Report: December 31, 2025

------

---

| | | |
|:---|:---|:---|
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive Total Return Bond ETF<br>Ticker: STXT<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/stxt |
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive Total Return Bond ETF<br>Ticker: STXT<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/stxt |

---

**This semi-annual shareholder report contains important information about the Strive Total Return Bond ETF (the "Fund") for the period of July 1, 2025 to December 31, 2025 (the "Period"). You can find additional information about the Fund at https://www.strivefunds.com/stxt. You can also request this information by contacting us at (215) 330-4476.** <br>

---

| | |
|:---|:---|
| **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** | **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** |
| **COST OF $10,000 INVESTMENT** | **COST PAID AS A PERCENTAGE OF $10,000 INVESTMENT** |
| $25 | 0.49% |

---

---

| | | | |
|:---|:---|:---|:---|
| **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** |
| **Net Assets** | $120865710 | **Portfolio Turnover Rate\*** | 36% |
| **# of Portfolio Holdings** | 223 | **Advisory Fees Paid** | $306367 |
| \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. |

---

---

| | |
|:---|:---|
| **SECTOR WEIGHTING<br>(as a % of Net Assets)** | **SECTOR WEIGHTING<br>(as a % of Net Assets)** |
| Mortgage-Backed Securities | 36.8% |
| Asset-Backed Securities | 15.7% |
| U.S. Treasury Securities | 14.2% |
| Collateralized Mortgage Obligations | 12.1% |
| Corporate Bonds | 10.2% |
| Collateralized Loan Obligations | 5.8% |
| Convertible Bonds | 2.8% |
| Money Market Funds | 0.9% |
| U.S. Treasury Bills | 0.8% |
| Cash and Cash Equivalents | 0.7% |

---

**Availability of Additional Information**

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy information, visit https://www.strivefunds.com/stxt. You can also request information by calling (215) 330-4476.

**Householding**

Householding is an option available to certain investors of the Fund. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Householding for the Fund is available through certain broker-dealers. If you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents or you are currently enrolled in householding and wish to change your householding status, please contact your broker-dealer.

Semi-Annual Shareholder Report: December 31, 2025

------

---

| | | |
|:---|:---|:---|
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive U.S. Energy ETF<br>Ticker: DRLL<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/drll |
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive U.S. Energy ETF<br>Ticker: DRLL<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/drll |

---

**This semi-annual shareholder report contains important information about the Strive U.S. Energy ETF (the "Fund") for the period of July 1, 2025 to December 31, 2025 (the "Period"). You can find additional information about the Fund at https://www.strivefunds.com/drll. You can also request this information by contacting us at (215) 330-4476.** 

---

| | |
|:---|:---|
| **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** | **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** |
| **COST OF $10,000 INVESTMENT** | **COST PAID AS A PERCENTAGE OF $10,000 INVESTMENT** |
| $21 | 0.41% |

---

---

| | | | |
|:---|:---|:---|:---|
| **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** |
| **Net Assets** | $237799618 | **Portfolio Turnover Rate\*** | 8% |
| **# of Portfolio Holdings** | 39 | **Advisory Fees Paid** | $525452 |
| \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. |

---

---

| | |
|:---|:---|
| **INDUSTRY WEIGHTING<br>(as a % of Net Assets)** | **INDUSTRY WEIGHTING<br>(as a % of Net Assets)** |
| Integrated Oil & Gas | 49.7% |
| Oil & Gas Exploration & Production | 35.9% |
| Oil & Gas Refining & Marketing | 13.4% |
| Automotive Retail | 0.8% |
| Real Estate Operating Companies | 0.1% |
| Cash & Cash Equivalents | 0.1% |

---

---

| | |
|:---|:---|
| **Top 10 Holdings<br>(as a % of Net Assets)** | **Top 10 Holdings<br>(as a % of Net Assets)** |
| Exxon Mobil Corp. | 23.5% |
| Chevron Corp. | 22.9% |
| ConocoPhillips | 4.8% |
| EOG Resources, Inc. | 4.5% |
| Phillips 66 | 4.4% |
| Valero Energy Corp. | 4.1% |
| Marathon Petroleum Corp. | 3.8% |
| EQT Corp. | 3.7% |
| Occidental Petroleum Corp. | 3.3% |
| Diamondback Energy, Inc. | 3.1% |

---

**Availability of Additional Information**

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy information, visit https://www.strivefunds.com/drll. You can also request information by calling (215) 330-4476.

**Householding**

Householding is an option available to certain investors of the Fund. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Householding for the Fund is available through certain broker-dealers. If you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents or you are currently enrolled in householding and wish to change your householding status, please contact your broker-dealer.

Semi-Annual Shareholder Report: December 31, 2025

------

---

| | | |
|:---|:---|:---|
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive U.S. Semiconductor ETF<br>Ticker: SHOC<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/shoc |
| ![White Strive_300 Jpeg600.jpg](ck0001592900-20251231_g1.jpg) | Fund Name: Strive U.S. Semiconductor ETF<br>Ticker: SHOC<br>Listed on: New York Stock Exchange | December 31, 2025<br>Semi-Annual Shareholder Report<br>https://www.strivefunds.com/shoc |

---

**This semi-annual shareholder report contains important information about the Strive U.S. Semiconductor ETF (the "Fund") for the period of July 1, 2025 to December 31, 2025 (the "Period"). You can find additional information about the Fund at https://www.strivefunds.com/shoc. You can also request this information by contacting us at (215) 330-4476.**<br>

---

| | |
|:---|:---|
| **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** | **WHAT WERE THE FUND COSTS FOR THE PERIOD? <br>(based on a hypothetical $10,000 investment)** |
| **COST OF $10,000 INVESTMENT** | **COST PAID AS A PERCENTAGE OF $10,000 INVESTMENT** |
| $23 | 0.40% |

---

---

| | | | |
|:---|:---|:---|:---|
| **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** | **KEY FUND STATISTICS (as of Period End)** |
| **Net Assets** | $139734350 | **Portfolio Turnover Rate\*** | 7% |
| **# of Portfolio Holdings** | 31 | **Advisory Fees Paid** | $244231 |
| \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. | \*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions. |

---

---

| | |
|:---|:---|
| **INDUSTRY WEIGHTING<br>(as a % of Net Assets)** | **INDUSTRY WEIGHTING<br>(as a % of Net Assets)** |
| Semiconductors | 71.7% |
| Semiconductor Materials & Equipment | 20.0% |
| Application Software | 4.9% |
| Electronic Manufacturing Services | 1.9% |
| Electronic Equipment & Instruments | 1.0% |
| Specialty Chemicals | 0.1% |
| Cash & Cash Equivalents | 0.4% |

---

---

| | |
|:---|:---|
| **TOP 10 HOLDINGS<br>(as a % of Net Assets)** | **TOP 10 HOLDINGS<br>(as a % of Net Assets)** |
| NVIDIA Corp. | 21.4% |
| Broadcom, Inc. | 17.2% |
| Micron Technology, Inc. | 5.4% |
| Lam Research Corp. | 4.9% |
| Applied Materials, Inc. | 4.7% |
| Texas Instruments, Inc. | 4.5% |
| KLA Corp. | 4.5% |
| ASML Holding NV | 4.4% |
| Intel Corp. | 4.3% |
| Advanced Micro Devices, Inc. | 4.1% |

---

**Availability of Additional Information**

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy information, visit https://www.strivefunds.com/shoc. You can also request information by calling (215) 330-4476.

**Householding**

Householding is an option available to certain investors of the Fund. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Householding for the Fund is available through certain broker-dealers. If you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents or you are currently enrolled in householding and wish to change your householding status, please contact your broker-dealer.

Semi-Annual Shareholder Report: December 31, 2025

------

(b) Not applicable.

**<u>Item 2. Code of Ethics</u>.**

Not applicable for semi-annual reports.

**<u>Item 3. Audit Committee Financial Expert</u>.**

Not applicable for semi-annual reports.

**<u>Item 4. Principal Accountant Fees and Services.</u>**

Not applicable for semi-annual reports.

**<u>Item 5. Audit Committee of Listed Registrants</u>.**

Not applicable for semi-annual reports.

**<u>Item 6. Investments</u>**

(a) ------

---

| |
|:---|
| **STRIVE 1000 DIVIDEND GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **COMMON STOCKS - 97.7%**  | | |
| **<u>Communication Services</u> - 0.1%**  | |  |
| **Publishing - 0.1%** |  |  |
| New York Times Co. - Class A  | 450 | $31239 |
| **<u>Consumer Discretionary</u> - 6.3%**  |  |  |
| **Broadline Retail - 0.2%** |  |  |
| eBay, Inc.  | 1391 | 121156 |
| **Casinos & Gaming - 0.1%** |  |  |
| Churchill Downs, Inc.  | 189 | 21504 |
| **Consumer Electronics - 0.2%** |  |  |
| Garmin Ltd.  | 498 | 101019 |
| **Distributors - 0.0%**<sup>(a)</sup> |  |  |
| Pool Corp.  | 91 | 20816 |
| **Footwear - 0.4%** |  |  |
| NIKE, Inc. - Class B  | 3531 | 224960 |
| **Home Improvement Retail - 2.8%** |  |  |
| Home Depot, Inc.  | 2985 | 1027139 |
| Lowe's Cos., Inc.  | 1675 | 403943 |
|  |  | 1431082 |
| **Homefurnishing Retail - 0.1%** |  |  |
| Williams-Sonoma, Inc.  | 356 | 63578 |
| **Other Specialty Retail - 0.2%** |  |  |
| Dick's Sporting Goods, Inc.  | 197 | 39000 |
| Tractor Supply Co.  | 1532 | 76615 |
|  |  | 115615 |
| **Restaurants - 2.2%** |  |  |
| Domino's Pizza, Inc.  | 91 | 37931 |
| McDonald's Corp.  | 2158 | 659549 |
| Starbucks Corp.  | 3341 | 281346 |
| Wingstop, Inc.  | 94 | 22418 |
| Yum! Brands, Inc.  | 832 | 125865 |
|  |  | 1127109 |
| **Specialized Consumer Services - 0.1%** |  |  |
| Service Corp. International  | 416 | 32436 |
| **Total Consumer Discretionary** |  | 3259275 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 DIVIDEND GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **<u>Consumer Staples</u> - 6.4%**  | |  |
| **Consumer Staples Merchandise Retail - 2.2%** |  |  |
| Costco Wholesale Corp.  | 1332 | $1148637 |
| **Distillers & Vintners - 0.2%** |  |  |
| Brown-Forman Corp. - Class A  | 132 | 3473 |
| Brown-Forman Corp. - Class B  | 835 | 21760 |
| Constellation Brands, Inc. - Class A  | 397 | 54770 |
|  |  | 80003 |
| **Food Retail - 0.1%** |  |  |
| Casey's General Stores, Inc.  | 124 | 68536 |
| **Household Products - 2.0%** |  |  |
| Procter & Gamble Co.  | 7088 | 1015781 |
| **Packaged Foods & Meats - 0.7%** |  |  |
| Hershey Co.  | 419 | 76250 |
| Lamb Weston Holdings, Inc.  | 399 | 16714 |
| Marzetti Co.  | 54 | 8879 |
| McCormick & Co., Inc.  | 722 | 49175 |
| Mondelez International, Inc. - Class A  | 3877 | 208699 |
|  |  | 359717 |
| **Soft Drinks & Non-alcoholic Beverages - 1.2%** |  |  |
| PepsiCo, Inc.  | 4088 | 586710 |
| **Total Consumer Staples** |  | 3259384 |
| **<u>Energy</u> - 0.1%**  |  |  |
| **Oil & Gas Exploration & Production - 0.1%** |  |  |
| Texas Pacific Land Corp.  | 180 | 51700 |
| **<u>Financials</u> - 25.7%** <sup>(b)</sup> |  |  |
| **Asset Management & Custody Banks - 2.4%** |  |  |
| Ameriprise Financial, Inc.  | 285 | 139747 |
| Ares Management Corp. - Class A  | 581 | 93907 |
| Bank of New York Mellon Corp.  | 2154 | 250058 |
| Blackrock, Inc.  | 424 | 453824 |
| Hamilton Lane, Inc. - Class A  | 119 | 15983 |
| KKR & Co., Inc.  | 2048 | 261079 |
| SEI Investments Co.  | 347 | 28461 |
|  |  | 1243059 |
| **Diversified Banks - 7.4%** |  |  |
| Bank of America Corp.  | 20572 | 1131460 |
| First Citizens BancShares, Inc. - Class A  | 28 | 60093 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 DIVIDEND GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| JPMorgan Chase & Co.  | 8167 | $2631571 |
|  |  | 3823124 |
| **Financial Exchanges & Data - 3.3%** |  |  |
| Cboe Global Markets, Inc.  | 304 | 76304 |
| CME Group, Inc.  | 1084 | 296019 |
| FactSet Research Systems, Inc.  | 125 | 36274 |
| Intercontinental Exchange, Inc.  | 1725 | 279381 |
| MarketAxess Holdings, Inc.  | 108 | 19575 |
| Moody's Corp.  | 458 | 233969 |
| Morningstar, Inc.  | 78 | 16950 |
| MSCI, Inc.  | 219 | 125647 |
| Nasdaq, Inc.  | 1463 | 142101 |
| S&P Global, Inc.  | 937 | 489667 |
|  |  | 1715887 |
| **Insurance Brokers - 1.7%** |  |  |
| Aon PLC - Class A  | 629 | 221961 |
| Arthur J Gallagher & Co.  | 771 | 199527 |
| Brown & Brown, Inc.  | 857 | 68303 |
| Marsh & McLennan Cos., Inc.  | 1478 | 274199 |
| Willis Towers Watson PLC  | 298 | 97923 |
|  |  | 861913 |
| **Investment Banking & Brokerage - 3.3%** |  |  |
| Evercore, Inc. - Class A  | 100 | 34025 |
| Goldman Sachs Group, Inc.  | 919 | 807801 |
| Houlihan Lokey, Inc.  | 150 | 26129 |
| Jefferies Financial Group, Inc.  | 423 | 26213 |
| Morgan Stanley  | 3708 | 658281 |
| Raymond James Financial, Inc.  | 536 | 86076 |
| Stifel Financial Corp.  | 281 | 35187 |
|  |  | 1673712 |
| **Life & Health Insurance - 0.4%** |  |  |
| Aflac, Inc.  | 1605 | 176983 |
| Primerica, Inc.  | 105 | 27128 |
|  |  | 204111 |
| **Property & Casualty Insurance - 0.7%** |  |  |
| Allstate Corp.  | 770 | 160275 |
| Cincinnati Financial Corp.  | 446 | 72841 |
| Erie Indemnity Co. - Class A  | 70 | 20065 |
| Kinsale Capital Group, Inc.  | 61 | 23858 |
| W R Berkley Corp.  | 814 | 57078 |
|  |  | 334117 |
| **Regional Banks - 0.2%** |  |  |
| Commerce Bancshares, Inc.  | 355 | 18576 |
| Cullen/Frost Bankers, Inc.  | 173 | 21907 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 DIVIDEND GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| East West Bancorp, Inc.  | 405 | $45518 |
| First Financial Bankshares, Inc.  | 354 | 10574 |
| Wintrust Financial Corp.  | 192 | 26845 |
|  |  | 123420 |
| **Transaction & Payment Processing Services - 6.3%** |  |  |
| Jack Henry & Associates, Inc.  | 211 | 38503 |
| Mastercard, Inc. - Class A  | 2460 | 1404365 |
| Visa, Inc. - Class A  | 5108 | 1791427 |
|  |  | 3234295 |
| **Total Financials** |  | 13213638 |
| **<u>Health Care</u> - 17.2%**  |  |  |
| **Biotechnology - 3.4%** |  |  |
| AbbVie, Inc.  | 5309 | 1213053 |
| Amgen, Inc.  | 1608 | 526315 |
|  |  | 1739368 |
| **Health Care Equipment - 2.3%** |  |  |
| Abbott Laboratories  | 5118 | 641234 |
| ResMed, Inc.  | 423 | 101888 |
| STERIS PLC  | 288 | 73014 |
| Stryker Corp.  | 1042 | 366232 |
|  |  | 1182368 |
| **Health Care Facilities - 0.1%** |  |  |
| Ensign Group, Inc.  | 163 | 28395 |
| **Health Care Services - 0.0%**<sup>(a)</sup> |  |  |
| Chemed Corp.  | 47 | 20109 |
| **Life Sciences Tools & Services - 2.5%** |  |  |
| Agilent Technologies, Inc.  | 846 | 115115 |
| Danaher Corp.  | 1946 | 445478 |
| Thermo Fisher Scientific, Inc.  | 1136 | 658255 |
| West Pharmaceutical Services, Inc.  | 225 | 61907 |
|  |  | 1280755 |
| **Managed Health Care - 1.7%** |  |  |
| UnitedHealth Group, Inc.  | 2721 | 898229 |
| **Pharmaceuticals - 7.2%** |  |  |
| Eli Lilly & Co.  | 2580 | 2772675 |
| Merck & Co., Inc.  | 7543 | 793976 |
| Zoetis, Inc.  | 1204 | 151487 |
|  |  | 3718138 |
| **Total Health Care** |  | 8867362 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 DIVIDEND GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **<u>Industrials</u> - 14.8%**  | |  |
| **Aerospace & Defense - 3.6%** |  |  |
| BWX Technologies, Inc.  | 262 | $45284 |
| General Dynamics Corp.  | 708 | 238355 |
| HEICO Corp.  | 130 | 42067 |
| HEICO Corp. - Class A  | 221 | 55787 |
| L3Harris Technologies, Inc.  | 557 | 163518 |
| Lockheed Martin Corp.  | 701 | 339053 |
| Northrop Grumman Corp.  | 426 | 242909 |
| RTX Corp.  | 4044 | 741670 |
|  |  | 1868643 |
| **Agricultural & Farm Machinery - 0.1%** |  |  |
| Toro Co.  | 299 | 23537 |
| **Air Freight & Logistics - 0.1%** |  |  |
| Expeditors International of Washington, Inc.  | 406 | 60498 |
| **Building Products - 1.1%** |  |  |
| A O Smith Corp.  | 346 | 23141 |
| Advanced Drainage Systems, Inc.  | 223 | 32297 |
| Allegion PLC  | 259 | 41238 |
| Armstrong World Industries, Inc.  | 150 | 28665 |
| Carlisle Cos., Inc.  | 142 | 45420 |
| Lennox International, Inc.  | 91 | 44188 |
| Masco Corp.  | 642 | 40741 |
| Owens Corning  | 240 | 26858 |
| Trane Technologies PLC  | 673 | 261932 |
|  |  | 544480 |
| **Cargo Ground Transportation - 0.3%** |  |  |
| JB Hunt Transport Services, Inc.  | 224 | 43532 |
| Knight-Swift Transportation Holdings, Inc.  | 452 | 23630 |
| Landstar System, Inc.  | 100 | 14370 |
| Old Dominion Freight Line, Inc.  | 562 | 88122 |
|  |  | 169654 |
| **Construction & Engineering - 0.6%** |  |  |
| Comfort Systems USA, Inc.  | 111 | 103595 |
| Quanta Services, Inc.  | 449 | 189505 |
|  |  | 293100 |
| **Construction Machinery & Heavy Transportation Equipment - 2.1%** |  |  |
| Allison Transmission Holdings, Inc.  | 258 | 25258 |
| Caterpillar, Inc.  | 1426 | 816913 |
| Cummins, Inc.  | 422 | 215410 |
|  |  | 1057581 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 DIVIDEND GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Data Processing & Outsourced Services - 0.3%** |  |  |
| Broadridge Financial Solutions, Inc.  | 338 | $75432 |
| Genpact Ltd.  | 476 | 22267 |
| SS&C Technologies Holdings, Inc.  | 620 | 54200 |
|  |  | 151899 |
| **Electrical Components & Equipment - 1.1%** |  |  |
| AMETEK, Inc.  | 678 | 139200 |
| Eaton Corp. PLC  | 1172 | 373294 |
| Hubbell, Inc.  | 154 | 68393 |
|  |  | 580887 |
| **Environmental & Facilities Services - 0.8%** |  |  |
| Republic Services, Inc.  | 592 | 125463 |
| Tetra Tech, Inc.  | 765 | 25658 |
| Waste Management, Inc.  | 1210 | 265849 |
|  |  | 416970 |
| **Human Resource & Employment Services - 0.8%** |  |  |
| Automatic Data Processing, Inc.  | 1219 | 313563 |
| Paychex, Inc.  | 954 | 107020 |
| Robert Half, Inc.  | 300 | 8148 |
|  |  | 428731 |
| **Industrial Machinery & Supplies & Components - 1.7%** |  |  |
| Graco, Inc.  | 479 | 39264 |
| IDEX Corp.  | 207 | 36834 |
| Illinois Tool Works, Inc.  | 846 | 208370 |
| ITT, Inc.  | 238 | 41296 |
| Lincoln Electric Holdings, Inc.  | 163 | 39061 |
| Parker-Hannifin Corp.  | 392 | 344552 |
| Snap-on, Inc.  | 150 | 51690 |
| Watts Water Technologies, Inc. - Class A  | 67 | 18493 |
| Xylem, Inc.  | 707 | 96279 |
|  |  | 875839 |
| **Rail Transportation - 1.2%** |  |  |
| CSX Corp.  | 5589 | 202601 |
| Union Pacific Corp.  | 1767 | 408743 |
|  |  | 611344 |
| **Research & Consulting Services - 0.4%** |  |  |
| Booz Allen Hamilton Holding Corp.  | 360 | 30370 |
| Jacobs Solutions, Inc.  | 353 | 46758 |
| KBR, Inc.  | 387 | 15557 |
| Verisk Analytics, Inc.  | 416 | 93055 |
|  |  | 185740 |
| **Trading Companies & Distributors - 0.6%** |  |  |
| Fastenal Co.  | 3377 | 135519 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 DIVIDEND GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Watsco, Inc.  | 114 | $38412 |
| WW Grainger, Inc.  | 139 | 140258 |
|  |  | 314189 |
| **Total Industrials** |  | 7583092 |
| **<u>Information Technology</u> - 22.8%**  |  |  |
| **Application Software - 1.4%** |  |  |
| Intuit, Inc.  | 828 | 548483 |
| Roper Technologies, Inc.  | 329 | 146448 |
|  |  | 694931 |
| **Communications Equipment - 0.4%** |  |  |
| Motorola Solutions, Inc.  | 506 | 193960 |
| **Electronic Components - 1.0%** |  |  |
| Amphenol Corp. - Class A  | 3673 | 496369 |
| Littelfuse, Inc.  | 61 | 15428 |
|  |  | 511797 |
| **Electronic Equipment & Instruments - 0.0%**<sup>(a)</sup> |  |  |
| Cognex Corp.  | 459 | 16515 |
| **Electronic Manufacturing Services - 0.4%** |  |  |
| TE Connectivity PLC  | 884 | 201119 |
| **IT Consulting & Other Services - 1.3%** |  |  |
| Accenture PLC - Class A  | 1872 | 502258 |
| Amdocs Ltd.  | 316 | 25441 |
| Cognizant Technology Solutions Corp. - Class A  | 1436 | 119188 |
|  |  | 646887 |
| **Semiconductor Materials & Equipment - 3.4%** |  |  |
| Applied Materials, Inc.  | 2421 | 622173 |
| KLA Corp.  | 399 | 484817 |
| Lam Research Corp.  | 3882 | 664520 |
|  |  | 1771510 |
| **Semiconductors - 8.3%** |  |  |
| Analog Devices, Inc.  | 1494 | 405173 |
| Broadcom, Inc.  | 7529 | 2605787 |
| Microchip Technology, Inc.  | 1546 | 98511 |
| Monolithic Power Systems, Inc.  | 141 | 127797 |
| QUALCOMM, Inc.  | 3306 | 565491 |
| Texas Instruments, Inc.  | 2754 | 477792 |
| Universal Display Corp.  | 103 | 12028 |
|  |  | 4292579 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 DIVIDEND GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Systems Software - 6.5%** |  |  |
| Dolby Laboratories, Inc. - Class A  | 155 | $9954 |
| Microsoft Corp.  | 4946 | 2391984 |
| Oracle Corp.  | 4937 | 962271 |
|  |  | 3364209 |
| **Technology Distributors - 0.1%** |  |  |
| CDW Corp.  | 388 | 52846 |
| **Total Information Technology** |  | 11746353 |
| **<u>Materials</u> - 2.7%**  |  |  |
| **Construction Materials - 0.4%** |  |  |
| Martin Marietta Materials, Inc.  | 180 | 112079 |
| Vulcan Materials Co.  | 389 | 110950 |
|  |  | 223029 |
| **Gold - 0.1%** |  |  |
| Royal Gold, Inc.  | 190 | 42235 |
| **Industrial Gases - 1.5%** |  |  |
| Air Products and Chemicals, Inc.  | 650 | 160563 |
| Linde PLC  | 1409 | 600784 |
|  |  | 761347 |
| **Paper & Plastic Packaging Products & Materials - 0.1%** |  |  |
| Avery Dennison Corp.  | 230 | 41832 |
| **Specialty Chemicals - 0.6%** |  |  |
| PPG Industries, Inc.  | 671 | 68751 |
| RPM International, Inc.  | 359 | 37336 |
| Sherwin-Williams Co.  | 695 | 225201 |
|  |  | 331288 |
| **Total Materials** |  | 1399731 |
| **<u>Utilities</u> - 1.6%**  |  |  |
| **Electric Utilities - 1.0%** |  |  |
| NextEra Energy, Inc.  | 6145 | 493321 |
| **Gas Utilities - 0.1%** |  |  |
| Atmos Energy Corp.  | 446 | 74763 |
| **Independent Power Producers & Energy Traders - 0.3%** |  |  |
| Vistra Corp.  | 1019 | 164395 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 DIVIDEND GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Water Utilities - 0.2%** |  |  |
| American Water Works Co., Inc.  | 574 | $74907 |
| Essential Utilities, Inc.  | 731 | 28041 |
|  |  | 102948 |
| **Total Utilities** |  | 835427 |
| **TOTAL COMMON STOCKS** (Cost $39,952,781) |  | 50247201 |
| **REAL ESTATE INVESTMENT TRUSTS - 2.1%**  |  |  |
| **<u>Real Estate</u> - 2.1%**  |  |  |
| **Data Center REITs - 0.4%** |  |  |
| Equinix, Inc.  | 299 | 229082 |
| **Industrial REITs - 0.8%** |  |  |
| EastGroup Properties, Inc.  | 138 | 24583 |
| First Industrial Realty Trust, Inc.  | 343 | 19644 |
| Prologis, Inc.  | 2793 | 356554 |
| Rexford Industrial Realty, Inc.  | 608 | 23542 |
|  |  | 424323 |
| **Multi-Family Residential REITs - 0.1%** |  |  |
| Mid-America Apartment Communities, Inc.  | 337 | 46813 |
| **Retail REITs - 0.0%**<sup>(a)</sup> |  |  |
| Agree Realty Corp.  | 274 | 19736 |
| **Self-Storage REITs - 0.1%** |  |  |
| CubeSmart  | 653 | 23541 |
| National Storage Affiliates Trust  | 207 | 5839 |
|  |  | 29380 |
| **Single-Family Residential REITs - 0.1%** |  |  |
| Equity LifeStyle Properties, Inc.  | 476 | 28850 |
| **Telecom Tower REITs - 0.6%** |  |  |
| American Tower Corp.  | 1397 | 245271 |
| SBA Communications Corp.  | 308 | 59577 |
|  |  | 304848 |
| **Total Real Estate** |  | 1083032 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $1,120,228) |  | 1083032 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 DIVIDEND GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **SHORT-TERM INVESTMENTS** | | |
| **MONEY MARKET FUNDS - 0.2%**  | | |
| First American Government Obligations Fund - Class X, 3.67% <sup>(c)</sup> | 121426 | $121426 |
| **TOTAL MONEY MARKET FUNDS** (Cost $121,426) |  | 121426 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $41,194,435**)** |  | $51451659 |
| Other Assets in Excess of Liabilities - 0.0% <sup>(a)</sup> |  | 15368 |
| **TOTAL NET ASSETS - 100.0%** |  | $51467027 |

---

Percentages are stated as a percent of net assets.

PLC - Public Limited Company <br> REIT - Real Estate Investment Trust

(a) Represents less than 0.05% of net assets.

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

(c) The rate shown represents the 7-day annualized yield as of December 31, 2025.

The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **COMMON STOCKS - 98.0%**  | | |
| **<u>Communication Services</u> - 12.3%**  | |  |
| **Advertising - 0.0%**<sup>(a)</sup> |  |  |
| Trade Desk, Inc. - Class A <sup>(b)</sup> | 1324 | $50259 |
| **Alternative Carriers - 0.0%**<sup>(a)</sup> |  |  |
| Iridium Communications, Inc.  | 320 | 5562 |
| **Interactive Home Entertainment - 0.3%** |  |  |
| Electronic Arts, Inc.  | 676 | 138127 |
| ROBLOX Corp. - Class A <sup>(b)</sup> | 1433 | 116116 |
| Take-Two Interactive Software, Inc. <sup>(b)</sup> | 575 | 147217 |
|  |  | 401460 |
| **Interactive Media & Services - 10.2%** |  |  |
| Alphabet, Inc. - Class A  | 17567 | 5498471 |
| Alphabet, Inc. - Class C  | 14099 | 4424266 |
| IAC, Inc. <sup>(b)</sup> | 74 | 2894 |
| Match Group, Inc.  | 345 | 11140 |
| Meta Platforms, Inc. - Class A  | 6714 | 4431844 |
| Pinterest, Inc. - Class A <sup>(b)</sup> | 1773 | 45903 |
| Reddit, Inc. - Class A <sup>(b)</sup> | 344 | 79075 |
| Snap, Inc. - Class A <sup>(b)</sup> | 3190 | 25743 |
| ZoomInfo Technologies, Inc. <sup>(b)</sup> | 1129 | 11482 |
|  |  | 14530818 |
| **Movies & Entertainment - 1.7%** |  |  |
| Liberty Media Corp.-Liberty Formula One - Class A <sup>(b)</sup> | 42 | 3754 |
| Liberty Media Corp.-Liberty Formula One - Class C <sup>(b)</sup> | 609 | 59993 |
| Live Nation Entertainment, Inc. <sup>(b)</sup> | 574 | 81795 |
| Madison Square Garden Sports Corp. <sup>(b)</sup> | 71 | 18364 |
| Netflix, Inc. <sup>(b)</sup> | 12905 | 1209973 |
| Roku, Inc. <sup>(b)</sup> | 319 | 34608 |
| Spotify Technology SA <sup>(b)</sup> | 379 | 220089 |
| TKO Group Holdings, Inc.  | 169 | 35321 |
| Walt Disney Co.  | 4393 | 499792 |
| Warner Bros Discovery, Inc. <sup>(b)</sup> | 7229 | 208340 |
| Warner Music Group Corp. - Class A  | 351 | 10765 |
|  |  | 2382794 |
| **Publishing - 0.0%**<sup>(a)</sup> |  |  |
| New York Times Co. - Class A  | 400 | 27768 |
| News Corp. - Class A  | 351 | 9168 |
| News Corp. - Class B  | 68 | 2015 |
|  |  | 38951 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Wireless Telecommunication Services - 0.1%** |  |  |
| T-Mobile US, Inc.  | 756 | $153498 |
| **Total Communication Services** |  | 17563342 |
| **<u>Consumer Discretionary</u> - 12.2%**  |  |  |
| **Apparel Retail - 0.5%** |  |  |
| Burlington Stores, Inc. <sup>(b)</sup> | 160 | 46216 |
| Ross Stores, Inc.  | 810 | 145914 |
| TJX Cos., Inc.  | 3533 | 542704 |
|  |  | 734834 |
| **Apparel, Accessories & Luxury Goods - 0.1%** |  |  |
| Lululemon Athletica, Inc. <sup>(b)</sup> | 341 | 70863 |
| Ralph Lauren Corp.  | 81 | 28643 |
| Tapestry, Inc.  | 473 | 60435 |
|  |  | 159941 |
| **Automobile Manufacturers - 2.9%** |  |  |
| Lucid Group, Inc. <sup>(b)</sup> | 271 | 2865 |
| Rivian Automotive, Inc. - Class A <sup>(b)</sup> | 2638 | 51995 |
| Tesla, Inc. <sup>(b)</sup> | 8988 | 4042083 |
|  |  | 4096943 |
| **Automotive Parts & Equipment - 0.0%**<sup>(a)</sup> |  |  |
| Gentex Corp.  | 382 | 8889 |
| **Automotive Retail - 0.4%** |  |  |
| AutoZone, Inc. <sup>(b)</sup> | 54 | 183141 |
| Carvana Co. <sup>(b)</sup> | 396 | 167120 |
| Murphy USA, Inc.  | 35 | 14123 |
| O'Reilly Automotive, Inc. <sup>(b)</sup> | 2706 | 246815 |
| Valvoline, Inc. <sup>(b)</sup> | 318 | 9241 |
|  |  | 620440 |
| **Broadline Retail - 4.8%** |  |  |
| Amazon.com, Inc. <sup>(b)</sup> | 29499 | 6808959 |
| eBay, Inc.  | 245 | 21340 |
| Etsy, Inc. <sup>(b)</sup> | 335 | 18572 |
| Ollie's Bargain Outlet Holdings, Inc. <sup>(b)</sup> | 193 | 21155 |
|  |  | 6870026 |
| **Casinos & Gaming - 0.2%** |  |  |
| Boyd Gaming Corp.  | 27 | 2301 |
| Caesars Entertainment, Inc. <sup>(b)</sup> | 628 | 14689 |
| Churchill Downs, Inc.  | 151 | 17181 |
| DraftKings, Inc. - Class A <sup>(b)</sup> | 1573 | 54206 |
| Las Vegas Sands Corp.  | 1060 | 68995 |
| MGM Resorts International <sup>(b)</sup> | 382 | 13939 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Sportradar Group AG - Class A <sup>(b)</sup> | 469 | $11148 |
| Wynn Resorts Ltd.  | 90 | 10830 |
|  |  | 193289 |
| **Computer & Electronics Retail - 0.0%**<sup>(a)</sup> |  |  |
| GameStop Corp. - Class A <sup>(b)</sup> | 1336 | 26827 |
| **Consumer Electronics - 0.1%** |  |  |
| Garmin Ltd.  | 474 | 96151 |
| **Distributors - 0.0%**<sup>(a)</sup> |  |  |
| Genuine Parts Co.  | 28 | 3443 |
| Pool Corp.  | 107 | 24476 |
|  |  | 27919 |
| **Education Services - 0.0%**<sup>(a)</sup> |  |  |
| Bright Horizons Family Solutions, Inc. <sup>(b)</sup> | 159 | 16123 |
| Duolingo, Inc. <sup>(b)</sup> | 99 | 17374 |
|  |  | 33497 |
| **Footwear - 0.2%** |  |  |
| Deckers Outdoor Corp. <sup>(b)</sup> | 562 | 58263 |
| NIKE, Inc. - Class B  | 2565 | 163416 |
| On Holding AG - Class A <sup>(b)</sup> | 614 | 28539 |
|  |  | 250218 |
| **Home Furnishings - 0.0%**<sup>(a)</sup> |  |  |
| Somnigroup International, Inc.  | 419 | 37408 |
| **Home Improvement Retail - 0.5%** |  |  |
| Floor & Decor Holdings, Inc. - Class A <sup>(b)</sup> | 301 | 18328 |
| Home Depot, Inc.  | 1689 | 581185 |
| Lowe's Cos., Inc.  | 397 | 95740 |
|  |  | 695253 |
| **Homebuilding - 0.1%** |  |  |
| Installed Building Products, Inc.  | 57 | 14785 |
| NVR, Inc. <sup>(b)</sup> | 5 | 36464 |
| TopBuild Corp. <sup>(b)</sup> | 89 | 37130 |
|  |  | 88379 |
| **Homefurnishing Retail - 0.1%** |  |  |
| RH <sup>(b)</sup> | 13 | 2329 |
| Wayfair, Inc. - Class A <sup>(b)</sup> | 214 | 21488 |
| Williams-Sonoma, Inc.  | 213 | 38039 |
|  |  | 61856 |
| **Hotels, Resorts & Cruise Lines - 1.1%** |  |  |
| Airbnb, Inc. - Class A <sup>(b)</sup> | 1200 | 162864 |
| Booking Holdings, Inc.  | 101 | 540888 |
| Carnival Corp. <sup>(b)</sup> | 3115 | 95132 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Choice Hotels International, Inc.  | 51 | $4858 |
| Expedia Group, Inc.  | 343 | 97175 |
| Hilton Worldwide Holdings, Inc.  | 719 | 206533 |
| Hyatt Hotels Corp. - Class A  | 123 | 19719 |
| Marriott International, Inc. - Class A  | 700 | 217168 |
| Norwegian Cruise Line Holdings Ltd. <sup>(b)</sup> | 1406 | 31382 |
| Royal Caribbean Cruises Ltd.  | 709 | 197754 |
| Viking Holdings Ltd. <sup>(b)</sup> | 304 | 21709 |
| Wyndham Hotels & Resorts, Inc.  | 281 | 21233 |
|  |  | 1616415 |
| **Household Appliances - 0.0%**<sup>(a)</sup> |  |  |
| SharkNinja, Inc. <sup>(b)</sup> | 149 | 16673 |
| **Leisure Facilities - 0.0%**<sup>(a)</sup> |  |  |
| Planet Fitness, Inc. - Class A <sup>(b)</sup> | 318 | 34494 |
| Vail Resorts, Inc.  | 50 | 6640 |
|  |  | 41134 |
| **Leisure Products - 0.0%**<sup>(a)</sup> |  |  |
| YETI Holdings, Inc. <sup>(b)</sup> | 154 | 6802 |
| **Other Specialty Retail - 0.1%** |  |  |
| Chewy, Inc. - Class A <sup>(b)</sup> | 298 | 9849 |
| Dick's Sporting Goods, Inc.  | 77 | 15244 |
| Five Below, Inc. <sup>(b)</sup> | 149 | 28065 |
| Tractor Supply Co.  | 1292 | 64613 |
| Ulta Beauty, Inc. <sup>(b)</sup> | 116 | 70181 |
|  |  | 187952 |
| **Restaurants - 1.1%** |  |  |
| Aramark  | 809 | 29820 |
| Cava Group, Inc. <sup>(b)</sup> | 168 | 9860 |
| Chipotle Mexican Grill, Inc. <sup>(b)</sup> | 4270 | 157990 |
| Darden Restaurants, Inc.  | 244 | 44901 |
| Domino's Pizza, Inc.  | 70 | 29177 |
| DoorDash, Inc. - Class A <sup>(b)</sup> | 1074 | 243239 |
| Dutch Bros, Inc. - Class A <sup>(b)</sup> | 410 | 25100 |
| McDonald's Corp.  | 1893 | 578558 |
| Starbucks Corp.  | 3133 | 263830 |
| Texas Roadhouse, Inc.  | 174 | 28884 |
| Wingstop, Inc.  | 67 | 15979 |
| Yum! Brands, Inc.  | 851 | 128739 |
|  |  | 1556077 |
| **Specialized Consumer Services - 0.0%**<sup>(a)</sup> |  |  |
| Service Corp. International  | 289 | 22533 |
| **Total Consumer Discretionary** |  | 17449456 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **<u>Consumer Staples</u> - 3.4%**  | |  |
| **Consumer Staples Merchandise Retail - 1.6%** |  |  |
| BJ's Wholesale Club Holdings, Inc. <sup>(b)</sup> | 317 | $28539 |
| Costco Wholesale Corp.  | 1378 | 1188305 |
| Dollar Tree, Inc. <sup>(b)</sup> | 26 | 3198 |
| Walmart, Inc.  | 10124 | 1127915 |
|  |  | 2347957 |
| **Distillers & Vintners - 0.0%**<sup>(a)</sup> |  |  |
| Brown-Forman Corp. - Class A  | 76 | 1999 |
| Brown-Forman Corp. - Class B  | 178 | 4639 |
|  |  | 6638 |
| **Food Distributors - 0.1%** |  |  |
| Performance Food Group Co. <sup>(b)</sup> | 362 | 32551 |
| Sysco Corp.  | 319 | 23507 |
| US Foods Holding Corp. <sup>(b)</sup> | 770 | 57997 |
|  |  | 114055 |
| **Food Retail - 0.1%** |  |  |
| Casey's General Stores, Inc.  | 101 | 55824 |
| Maplebear, Inc. <sup>(b)</sup> | 347 | 15608 |
| Sprouts Farmers Market, Inc. <sup>(b)</sup> | 289 | 23025 |
|  |  | 94457 |
| **Household Products - 0.5%** |  |  |
| Church & Dwight Co., Inc.  | 592 | 49639 |
| Colgate-Palmolive Co.  | 1736 | 137179 |
| Kimberly-Clark Corp.  | 11 | 1110 |
| Procter & Gamble Co.  | 3318 | 475502 |
|  |  | 663430 |
| **Packaged Foods & Meats - 0.1%** |  |  |
| Hershey Co.  | 311 | 56596 |
| Lamb Weston Holdings, Inc.  | 372 | 15583 |
| Marzetti Co.  | 24 | 3946 |
| McCormick & Co., Inc.  | 316 | 21523 |
| Mondelez International, Inc. - Class A  | 1410 | 75900 |
| Post Holdings, Inc. <sup>(b)</sup> | 8 | 793 |
|  |  | 174341 |
| **Personal Care Products - 0.1%** |  |  |
| BellRing Brands, Inc. <sup>(b)</sup> | 355 | 9489 |
| Coty, Inc. - Class A <sup>(b)</sup> | 1185 | 3650 |
| elf Beauty, Inc. <sup>(b)</sup> | 143 | 10874 |
| Estee Lauder Cos., Inc. - Class A  | 302 | 31625 |
| Kenvue, Inc.  | 2336 | 40296 |
|  |  | 95934 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Soft Drinks & Non-alcoholic Beverages - 0.6%** |  |  |
| Celsius Holdings, Inc. <sup>(b)</sup> | 591 | $27032 |
| Coca-Cola Co.  | 7953 | 555994 |
| Coca-Cola Consolidated, Inc.  | 90 | 13797 |
| Keurig Dr Pepper, Inc.  | 503 | 14089 |
| Monster Beverage Corp. <sup>(b)</sup> | 2146 | 164534 |
| PepsiCo, Inc.  | 906 | 130029 |
| Primo Brands Corp.  | 176 | 2878 |
|  |  | 908353 |
| **Tobacco - 0.3%** |  |  |
| Philip Morris International, Inc.  | 3146 | 504618 |
| **Total Consumer Staples** |  | 4909783 |
| **<u>Energy</u> - 0.6%**  |  |  |
| **Integrated Oil & Gas - 0.2%** |  |  |
| Chevron Corp.  | 1291 | 196761 |
| Exxon Mobil Corp.  | 400 | 48136 |
|  |  | 244897 |
| **Oil & Gas Drilling - 0.0%**<sup>(a)</sup> |  |  |
| Noble Corp. PLC  | 138 | 3897 |
| **Oil & Gas Equipment & Services - 0.1%** |  |  |
| Baker Hughes Co.  | 1795 | 81745 |
| Weatherford International PLC  | 174 | 13617 |
|  |  | 95362 |
| **Oil & Gas Exploration & Production - 0.1%** |  |  |
| EQT Corp.  | 900 | 48240 |
| Texas Pacific Land Corp.  | 168 | 48253 |
| Venture Global, Inc. - Class A  | 104 | 709 |
| Viper Energy, Inc. - Class A  | 107 | 4134 |
|  |  | 101336 |
| **Oil & Gas Storage & Transportation - 0.2%** |  |  |
| Cheniere Energy, Inc.  | 460 | 89419 |
| DT Midstream, Inc.  | 124 | 14840 |
| Hess Midstream LP - Class A  | 309 | 10661 |
| Kinetik Holdings, Inc.  | 137 | 4939 |
| ONEOK, Inc.  | 465 | 34177 |
| Targa Resources Corp.  | 467 | 86162 |
| Williams Cos., Inc.  | 2301 | 138313 |
|  |  | 378511 |
| **Total Energy** |  | 824003 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **<u>Financials</u> - 10.1%**  | |  |
| **Asset Management & Custody Banks - 0.7%** |  |  |
| Ameriprise Financial, Inc.  | 168 | $82377 |
| Ares Management Corp. - Class A  | 570 | 92129 |
| Bank of New York Mellon Corp.  | 371 | 43069 |
| Blackrock, Inc.  | 316 | 338227 |
| Blackstone, Inc.  | 1111 | 171250 |
| Blue Owl Capital, Inc. - Class A  | 1562 | 23336 |
| Hamilton Lane, Inc. - Class A  | 66 | 8864 |
| KKR & Co., Inc.  | 1676 | 213657 |
| SEI Investments Co.  | 126 | 10335 |
| State Street Corp.  | 289 | 37284 |
| TPG, Inc.  | 68 | 4341 |
|  |  | 1024869 |
| **Commercial & Residential Mortgage Finance - 0.0%**<sup>(a)</sup> |  |  |
| Rocket Cos., Inc. - Class A  | 343 | 6640 |
| UWM Holdings Corp.  | 94 | 412 |
|  |  | 7052 |
| **Consumer Finance - 0.4%** |  |  |
| American Express Co.  | 1276 | 472056 |
| Capital One Financial Corp.  | 13 | 3151 |
| SLM Corp.  | 1 | 27 |
| SoFi Technologies, Inc. <sup>(b)</sup> | 2946 | 77126 |
| Upstart Holdings, Inc. <sup>(b)</sup> | 260 | 11370 |
|  |  | 563730 |
| **Diversified Banks - 1.9%** |  |  |
| First Citizens BancShares, Inc. - Class A  | 12 | 25754 |
| JPMorgan Chase & Co.  | 7880 | 2539094 |
| Wells Fargo & Co.  | 1367 | 127404 |
|  |  | 2692252 |
| **Diversified Financial Services - 0.1%** |  |  |
| Apollo Global Management, Inc.  | 1179 | 170672 |
| **Financial Exchanges & Data - 1.3%** |  |  |
| Cboe Global Markets, Inc.  | 310 | 77810 |
| CME Group, Inc.  | 690 | 188425 |
| Coinbase Global, Inc. - Class A <sup>(b)</sup> | 640 | 144730 |
| FactSet Research Systems, Inc.  | 94 | 27278 |
| Intercontinental Exchange, Inc.  | 1730 | 280191 |
| MarketAxess Holdings, Inc.  | 66 | 11963 |
| Moody's Corp.  | 485 | 247762 |
| Morningstar, Inc.  | 74 | 16081 |
| MSCI, Inc.  | 232 | 133105 |
| Nasdaq, Inc.  | 1496 | 145306 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| S&P Global, Inc.  | 955 | $499073 |
| Tradeweb Markets, Inc. - Class A  | 326 | 35058 |
|  |  | 1806782 |
| **Insurance Brokers - 0.5%** |  |  |
| Aon PLC - Class A  | 586 | 206788 |
| Arthur J Gallagher & Co.  | 716 | 185294 |
| Brown & Brown, Inc.  | 861 | 68622 |
| Marsh & McLennan Cos., Inc.  | 1126 | 208895 |
| Ryan Specialty Holdings, Inc.  | 296 | 15282 |
| Willis Towers Watson PLC  | 223 | 73278 |
|  |  | 758159 |
| **Investment Banking & Brokerage - 1.1%** |  |  |
| Charles Schwab Corp.  | 4333 | 432910 |
| Evercore, Inc. - Class A  | 114 | 38789 |
| Goldman Sachs Group, Inc.  | 281 | 246999 |
| Houlihan Lokey, Inc.  | 147 | 25606 |
| Interactive Brokers Group, Inc. - Class A  | 1306 | 83989 |
| LPL Financial Holdings, Inc.  | 229 | 81792 |
| Morgan Stanley  | 1968 | 349379 |
| PJT Partners, Inc. - Class A  | 71 | 11871 |
| Raymond James Financial, Inc.  | 241 | 38702 |
| Robinhood Markets, Inc. - Class A <sup>(b)</sup> | 2292 | 259225 |
| Stifel Financial Corp.  | 49 | 6136 |
|  |  | 1575398 |
| **Life & Health Insurance - 0.0%**<sup>(a)</sup> |  |  |
| Primerica, Inc.  | 25 | 6459 |
| **Multi-Sector Holdings - 1.2%** |  |  |
| Berkshire Hathaway, Inc. - Class B <sup>(b)</sup> | 3446 | 1732132 |
| **Property & Casualty Insurance - 0.3%** |  |  |
| Cincinnati Financial Corp.  | 62 | 10126 |
| Erie Indemnity Co. - Class A  | 75 | 21499 |
| Kinsale Capital Group, Inc.  | 60 | 23467 |
| Markel Group, Inc. <sup>(b)</sup> | 1 | 2150 |
| Progressive Corp.  | 1280 | 291482 |
| RLI Corp.  | 146 | 9341 |
| W R Berkley Corp.  | 103 | 7222 |
|  |  | 365287 |
| **Regional Banks - 0.0%**<sup>(a)</sup> |  |  |
| Commerce Bancshares, Inc.  | 78 | 4067 |
| Cullen/Frost Bankers, Inc.  | 23 | 2913 |
| First Financial Bankshares, Inc.  | 135 | 4032 |
| Flagstar Bank NA  | 1047 | 13182 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Old National Bancorp/IN  | 124 | $2766 |
| Southstate Bank Corp.  | 24 | 2259 |
| UMB Financial Corp.  | 50 | 5752 |
| Western Alliance Bancorp  | 54 | 4540 |
| Wintrust Financial Corp.  | 38 | 5313 |
|  |  | 44824 |
| **Transaction & Payment Processing Services - 2.6%** |  |  |
| Affirm Holdings, Inc. <sup>(b)</sup> | 626 | 46593 |
| Block, Inc. <sup>(b)</sup> | 1716 | 111694 |
| Corpay, Inc. <sup>(b)</sup> | 170 | 51158 |
| Euronet Worldwide, Inc. <sup>(b)</sup> | 28 | 2131 |
| Fiserv, Inc. <sup>(b)</sup> | 912 | 61259 |
| Jack Henry & Associates, Inc.  | 174 | 31752 |
| Mastercard, Inc. - Class A  | 2548 | 1454602 |
| PayPal Holdings, Inc.  | 950 | 55461 |
| Shift4 Payments, Inc. - Class A <sup>(b)</sup> | 200 | 12594 |
| Toast, Inc. - Class A <sup>(b)</sup> | 1619 | 57491 |
| Visa, Inc. - Class A  | 5229 | 1833863 |
| WEX, Inc. <sup>(b)</sup> | 76 | 11322 |
|  |  | 3729920 |
| **Total Financials** |  | 14477536 |
| **<u>Health Care</u> - 6.4%**  |  |  |
| **Biotechnology - 1.2%** |  |  |
| AbbVie, Inc.  | 1895 | 432989 |
| Alnylam Pharmaceuticals, Inc. <sup>(b)</sup> | 390 | 155084 |
| Amgen, Inc.  | 410 | 134197 |
| BioMarin Pharmaceutical, Inc. <sup>(b)</sup> | 254 | 15095 |
| Bridgebio Pharma, Inc. <sup>(b)</sup> | 522 | 39928 |
| CRISPR Therapeutics AG <sup>(b)</sup> | 90 | 4720 |
| Cytokinetics, Inc. <sup>(b)</sup> | 337 | 21413 |
| Exact Sciences Corp. <sup>(b)</sup> | 565 | 57381 |
| Exelixis, Inc. <sup>(b)</sup> | 909 | 39841 |
| Gilead Sciences, Inc.  | 600 | 73644 |
| Halozyme Therapeutics, Inc. <sup>(b)</sup> | 356 | 23959 |
| Incyte Corp. <sup>(b)</sup> | 259 | 25581 |
| Insmed, Inc. <sup>(b)</sup> | 451 | 78492 |
| Ionis Pharmaceuticals, Inc. <sup>(b)</sup> | 355 | 28084 |
| Moderna, Inc. <sup>(b)</sup> | 492 | 14509 |
| Natera, Inc. <sup>(b)</sup> | 325 | 74454 |
| Neurocrine Biosciences, Inc. <sup>(b)</sup> | 295 | 41840 |
| Regeneron Pharmaceuticals, Inc.  | 82 | 63293 |
| Roivant Sciences Ltd. <sup>(b)</sup> | 1408 | 30554 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Vaxcyte, Inc. <sup>(b)</sup> | 318 | $14673 |
| Vertex Pharmaceuticals, Inc. <sup>(b)</sup> | 783 | 354981 |
|  |  | 1724712 |
| **Health Care Distributors - 0.0%**<sup>(a)</sup> |  |  |
| Henry Schein, Inc. <sup>(b)</sup> | 75 | 5669 |
| McKesson Corp.  | 25 | 20507 |
|  |  | 26176 |
| **Health Care Equipment - 1.9%** |  |  |
| Abbott Laboratories  | 3340 | 418469 |
| Boston Scientific Corp. <sup>(b)</sup> | 4616 | 440136 |
| Dexcom, Inc. <sup>(b)</sup> | 1176 | 78051 |
| Edwards Lifesciences Corp. <sup>(b)</sup> | 1797 | 153194 |
| GE HealthCare Technologies, Inc.  | 474 | 38877 |
| Glaukos Corp. <sup>(b)</sup> | 157 | 17727 |
| Globus Medical, Inc. - Class A <sup>(b)</sup> | 308 | 26891 |
| IDEXX Laboratories, Inc. <sup>(b)</sup> | 274 | 185369 |
| Inspire Medical Systems, Inc. <sup>(b)</sup> | 52 | 4796 |
| Insulet Corp. <sup>(b)</sup> | 224 | 63670 |
| Intuitive Surgical, Inc. <sup>(b)</sup> | 1088 | 616200 |
| Masimo Corp. <sup>(b)</sup> | 140 | 18208 |
| Medtronic PLC  | 494 | 47454 |
| Penumbra, Inc. <sup>(b)</sup> | 105 | 32646 |
| ResMed, Inc.  | 476 | 114654 |
| STERIS PLC  | 297 | 75295 |
| Stryker Corp.  | 1074 | 377479 |
|  |  | 2709116 |
| **Health Care Facilities - 0.1%** |  |  |
| Encompass Health Corp.  | 191 | 20273 |
| Ensign Group, Inc.  | 135 | 23517 |
| HCA Healthcare, Inc.  | 158 | 73764 |
|  |  | 117554 |
| **Health Care Services - 0.0%**<sup>(a)</sup> |  |  |
| Chemed Corp.  | 41 | 17542 |
| Hims & Hers Health, Inc. <sup>(b)</sup> | 553 | 17956 |
| Option Care Health, Inc. <sup>(b)</sup> | 436 | 13891 |
|  |  | 49389 |
| **Health Care Supplies - 0.0%**<sup>(a)</sup> |  |  |
| Align Technology, Inc. <sup>(b)</sup> | 232 | 36227 |
| Cooper Cos., Inc. <sup>(b)</sup> | 104 | 8524 |
| Lantheus Holdings, Inc. <sup>(b)</sup> | 164 | 10914 |
| Solventum Corp. <sup>(b)</sup> | 173 | 13708 |
|  |  | 69373 |
| **Health Care Technology - 0.0%**<sup>(a)</sup> |  |  |
| Doximity, Inc. - Class A <sup>(b)</sup> | 293 | 12974 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Life Sciences Tools & Services - 0.9%** |  |  |
| Agilent Technologies, Inc.  | 642 | $87357 |
| Bio-Techne Corp.  | 402 | 23642 |
| Bruker Corp.  | 283 | 13332 |
| Charles River Laboratories International, Inc. <sup>(b)</sup> | 127 | 25334 |
| Danaher Corp.  | 1006 | 230293 |
| ICON PLC <sup>(b)</sup> | 101 | 18404 |
| Illumina, Inc. <sup>(b)</sup> | 380 | 49841 |
| IQVIA Holdings, Inc. <sup>(b)</sup> | 334 | 75287 |
| Medpace Holdings, Inc. <sup>(b)</sup> | 65 | 36507 |
| Mettler-Toledo International, Inc. <sup>(b)</sup> | 70 | 97593 |
| QIAGEN NV  | 336 | 15110 |
| Repligen Corp. <sup>(b)</sup> | 144 | 23596 |
| Sotera Health Co. <sup>(b)</sup> | 297 | 5239 |
| Tempus AI, Inc. <sup>(b)</sup> | 314 | 18542 |
| Thermo Fisher Scientific, Inc.  | 728 | 421840 |
| Waters Corp. <sup>(b)</sup> | 160 | 60773 |
| West Pharmaceutical Services, Inc.  | 193 | 53102 |
|  |  | 1255792 |
| **Managed Health Care - 0.0%**<sup>(a)</sup> |  |  |
| HealthEquity, Inc. <sup>(b)</sup> | 302 | 27666 |
| **Pharmaceuticals - 2.3%** |  |  |
| Eli Lilly & Co.  | 2632 | 2828557 |
| Johnson & Johnson  | 1184 | 245029 |
| Zoetis, Inc.  | 1123 | 141296 |
|  |  | 3214882 |
| **Total Health Care** |  | 9207634 |
| **<u>Industrials</u> - 9.3%**  |  |  |
| **Aerospace & Defense - 2.5%** |  |  |
| AeroVironment, Inc. <sup>(b)</sup> | 117 | 28301 |
| ATI, Inc. <sup>(b)</sup> | 359 | 41199 |
| Axon Enterprise, Inc. <sup>(b)</sup> | 228 | 129488 |
| Boeing Co. <sup>(b)</sup> | 2337 | 507409 |
| BWX Technologies, Inc.  | 317 | 54790 |
| Carpenter Technology Corp.  | 144 | 45337 |
| Curtiss-Wright Corp.  | 110 | 60640 |
| General Dynamics Corp.  | 265 | 89215 |
| General Electric Co.  | 3117 | 960129 |
| HEICO Corp.  | 97 | 31388 |
| HEICO Corp. - Class A  | 285 | 71943 |
| Hexcel Corp.  | 83 | 6134 |
| Howmet Aerospace, Inc.  | 1226 | 251355 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Huntington Ingalls Industries, Inc.  | 27 | $9182 |
| Kratos Defense & Security Solutions, Inc. <sup>(b)</sup> | 514 | 39018 |
| L3Harris Technologies, Inc.  | 299 | 87777 |
| Leonardo DRS, Inc.  | 220 | 7500 |
| Lockheed Martin Corp.  | 60 | 29020 |
| Northrop Grumman Corp.  | 212 | 120885 |
| Rocket Lab Corp. <sup>(b)</sup> | 1302 | 90828 |
| RTX Corp.  | 3311 | 607237 |
| StandardAero, Inc. <sup>(b)</sup> | 171 | 4904 |
| Textron, Inc.  | 103 | 8979 |
| TransDigm Group, Inc.  | 126 | 167561 |
| Woodward, Inc.  | 151 | 45650 |
|  |  | 3495869 |
| **Agricultural & Farm Machinery - 0.2%** |  |  |
| Deere & Co.  | 721 | 335676 |
| Toro Co.  | 36 | 2834 |
|  |  | 338510 |
| **Air Freight & Logistics - 0.0%**<sup>(a)</sup> |  |  |
| Expeditors International of Washington, Inc.  | 56 | 8344 |
| GXO Logistics, Inc. <sup>(b)</sup> | 126 | 6633 |
|  |  | 14977 |
| **Building Products - 0.5%** |  |  |
| A O Smith Corp.  | 311 | 20800 |
| AAON, Inc.  | 199 | 15174 |
| Advanced Drainage Systems, Inc.  | 175 | 25345 |
| Allegion PLC  | 161 | 25634 |
| Armstrong World Industries, Inc.  | 56 | 10701 |
| Carlisle Cos., Inc.  | 82 | 26228 |
| Carrier Global Corp.  | 1640 | 86658 |
| Johnson Controls International PLC  | 1400 | 167650 |
| Lennox International, Inc.  | 93 | 45159 |
| Masco Corp.  | 293 | 18594 |
| Simpson Manufacturing Co., Inc.  | 76 | 12272 |
| Trane Technologies PLC  | 689 | 268159 |
| Trex Co., Inc. <sup>(b)</sup> | 315 | 11050 |
|  |  | 733424 |
| **Cargo Ground Transportation - 0.1%** |  |  |
| JB Hunt Transport Services, Inc.  | 119 | 23127 |
| Landstar System, Inc.  | 53 | 7616 |
| Old Dominion Freight Line, Inc.  | 598 | 93766 |
| Saia, Inc. <sup>(b)</sup> | 64 | 20897 |
| U-Haul Holding Co.  | 27 | 1262 |
| U-Haul Holding Co. <sup>(b)</sup> | 2 | 101 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| XPO, Inc. <sup>(b)</sup> | 350 | $47569 |
|  |  | 194338 |
| **Construction & Engineering - 0.4%** |  |  |
| AECOM  | 301 | 28694 |
| API Group Corp. <sup>(b)</sup> | 910 | 34817 |
| Comfort Systems USA, Inc.  | 120 | 111995 |
| Dycom Industries, Inc. <sup>(b)</sup> | 88 | 29735 |
| EMCOR Group, Inc.  | 127 | 77697 |
| Everus Construction Group, Inc. <sup>(b)</sup> | 111 | 9497 |
| Fluor Corp. <sup>(b)</sup> | 133 | 5271 |
| MasTec, Inc. <sup>(b)</sup> | 163 | 35431 |
| Quanta Services, Inc.  | 473 | 199634 |
| Sterling Infrastructure, Inc. <sup>(b)</sup> | 93 | 28480 |
| Valmont Industries, Inc.  | 22 | 8851 |
| WillScot Holdings Corp.  | 578 | 10884 |
|  |  | 580986 |
| **Construction Machinery & Heavy Transportation Equipment - 0.8%** |  |  |
| Allison Transmission Holdings, Inc.  | 37 | 3622 |
| Caterpillar, Inc.  | 1369 | 784259 |
| Cummins, Inc.  | 244 | 124550 |
| Federal Signal Corp.  | 188 | 20415 |
| Oshkosh Corp.  | 19 | 2387 |
| PACCAR, Inc.  | 353 | 38657 |
| Westinghouse Air Brake Technologies Corp.  | 519 | 110781 |
|  |  | 1084671 |
| **Data Processing & Outsourced Services - 0.1%** |  |  |
| Broadridge Financial Solutions, Inc.  | 331 | 73869 |
| Genpact Ltd.  | 33 | 1544 |
| SS&C Technologies Holdings, Inc.  | 307 | 26838 |
|  |  | 102251 |
| **Diversified Support Services - 0.2%** |  |  |
| Cintas Corp.  | 972 | 182804 |
| Copart, Inc. <sup>(b)</sup> | 2681 | 104961 |
|  |  | 287765 |
| **Electrical Components & Equipment - 0.9%** |  |  |
| Acuity, Inc.  | 83 | 29883 |
| AMETEK, Inc.  | 687 | 141048 |
| Eaton Corp. PLC  | 1215 | 386990 |
| Emerson Electric Co.  | 1035 | 137365 |
| Generac Holdings, Inc. <sup>(b)</sup> | 106 | 14455 |
| Hubbell, Inc.  | 189 | 83937 |
| Nextpower, Inc. - Class A <sup>(b)</sup> | 444 | 38677 |
| nVent Electric PLC  | 648 | 66077 |
| Regal Rexnord Corp.  | 31 | 4350 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Rockwell Automation, Inc.  | 349 | $135785 |
| Vertiv Holdings Co. - Class A  | 1126 | 182423 |
|  |  | 1220990 |
| **Environmental & Facilities Services - 0.4%** |  |  |
| Clean Harbors, Inc. <sup>(b)</sup> | 130 | 30482 |
| Republic Services, Inc.  | 646 | 136907 |
| Rollins, Inc.  | 892 | 53538 |
| Tetra Tech, Inc.  | 731 | 24518 |
| Veralto Corp.  | 699 | 69746 |
| Waste Management, Inc.  | 1233 | 270902 |
|  |  | 586093 |
| **Heavy Electrical Equipment - 0.4%** |  |  |
| Bloom Energy Corp. - Class A <sup>(b)</sup> | 657 | 57087 |
| GE Vernova, Inc.  | 862 | 563377 |
| NuScale Power Corp. <sup>(b)</sup> | 302 | 4279 |
|  |  | 624743 |
| **Human Resource & Employment Services - 0.3%** |  |  |
| Automatic Data Processing, Inc.  | 1188 | 305589 |
| Dayforce, Inc. <sup>(b)</sup> | 389 | 26903 |
| Paychex, Inc.  | 867 | 97260 |
| Paycom Software, Inc.  | 185 | 29482 |
| Paylocity Holding Corp. <sup>(b)</sup> | 143 | 21808 |
|  |  | 481042 |
| **Industrial Conglomerates - 0.2%** |  |  |
| 3M Co.  | 551 | 88215 |
| Honeywell International, Inc.  | 1110 | 216550 |
|  |  | 304765 |
| **Industrial Machinery & Supplies & Components - 0.9%** |  |  |
| Chart Industries, Inc. <sup>(b)</sup> | 149 | 30728 |
| Crane Co.  | 147 | 27111 |
| Donaldson Co., Inc.  | 142 | 12590 |
| Dover Corp.  | 187 | 36510 |
| Esab Corp.  | 150 | 16758 |
| Flowserve Corp.  | 96 | 6660 |
| Fortive Corp.  | 307 | 16949 |
| Gates Industrial Corp. PLC <sup>(b)</sup> | 74 | 1589 |
| Graco, Inc.  | 367 | 30083 |
| IDEX Corp.  | 96 | 17082 |
| Illinois Tool Works, Inc.  | 639 | 157386 |
| Ingersoll Rand, Inc.  | 1212 | 96015 |
| ITT, Inc.  | 175 | 30364 |
| Lincoln Electric Holdings, Inc.  | 152 | 36425 |
| Middleby Corp. <sup>(b)</sup> | 60 | 8920 |
| Mueller Industries, Inc.  | 138 | 15842 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Nordson Corp.  | 143 | $34382 |
| Otis Worldwide Corp.  | 935 | 81672 |
| Parker-Hannifin Corp.  | 387 | 340158 |
| Pentair PLC  | 478 | 49779 |
| RBC Bearings, Inc. <sup>(b)</sup> | 79 | 35426 |
| Snap-on, Inc.  | 29 | 9993 |
| SPX Technologies, Inc. <sup>(b)</sup> | 143 | 28609 |
| Symbotic, Inc. <sup>(b)</sup> | 51 | 3035 |
| Watts Water Technologies, Inc. - Class A  | 48 | 13249 |
| Xylem, Inc.  | 663 | 90287 |
|  |  | 1227602 |
| **Office Services & Supplies - 0.0%**<sup>(a)</sup> |  |  |
| MSA Safety, Inc.  | 53 | 8487 |
| **Passenger Airlines - 0.0%**<sup>(a)</sup> |  |  |
| Delta Air Lines, Inc.  | 132 | 9161 |
| Joby Aviation, Inc. <sup>(b)</sup> | 1347 | 17780 |
| Southwest Airlines Co.  | 460 | 19012 |
|  |  | 45953 |
| **Passenger Ground Transportation - 0.4%** |  |  |
| Grab Holdings Ltd. - Class A <sup>(b)</sup> | 8559 | 42709 |
| Lyft, Inc. - Class A <sup>(b)</sup> | 953 | 18460 |
| Uber Technologies, Inc. <sup>(b)</sup> | 6524 | 533076 |
|  |  | 594245 |
| **Rail Transportation - 0.2%** |  |  |
| CSX Corp.  | 3204 | 116145 |
| Norfolk Southern Corp.  | 283 | 81708 |
| Union Pacific Corp.  | 607 | 140411 |
|  |  | 338264 |
| **Research & Consulting Services - 0.3%** |  |  |
| Amentum Holdings, Inc. <sup>(b)</sup> | 187 | 5423 |
| Booz Allen Hamilton Holding Corp.  | 154 | 12992 |
| CACI International, Inc. - Class A <sup>(b)</sup> | 43 | 22911 |
| Equifax, Inc.  | 374 | 81151 |
| FTI Consulting, Inc. <sup>(b)</sup> | 97 | 16571 |
| Jacobs Solutions, Inc.  | 177 | 23445 |
| KBR, Inc.  | 297 | 11939 |
| Leidos Holdings, Inc.  | 180 | 32472 |
| Parsons Corp. <sup>(b)</sup> | 213 | 13163 |
| TransUnion  | 589 | 50507 |
| UL Solutions, Inc.  | 92 | 7255 |
| Verisk Analytics, Inc.  | 406 | 90818 |
|  |  | 368647 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Trading Companies & Distributors - 0.5%** |  |  |
| Applied Industrial Technologies, Inc.  | 118 | $30299 |
| Core & Main, Inc. - Class A <sup>(b)</sup> | 703 | 36535 |
| Fastenal Co.  | 3547 | 142341 |
| Ferguson Enterprises, Inc.  | 424 | 94395 |
| FTAI Aviation Ltd.  | 282 | 55512 |
| MSC Industrial Direct Co., Inc. - Class A  | 16 | 1345 |
| QXO, Inc. <sup>(b)</sup> | 1654 | 31906 |
| SiteOne Landscape Supply, Inc. <sup>(b)</sup> | 80 | 9965 |
| United Rentals, Inc.  | 180 | 145677 |
| Watsco, Inc.  | 85 | 28641 |
| WESCO International, Inc.  | 12 | 2936 |
| WW Grainger, Inc.  | 144 | 145303 |
|  |  | 724855 |
| **Total Industrials** |  | 13358477 |
| **<u>Information Technology</u> - 41.3%** <sup>(c)</sup> |  |  |
| **Application Software - 3.9%** |  |  |
| Adobe, Inc. <sup>(b)</sup> | 1153 | 403539 |
| Appfolio, Inc. - Class A <sup>(b)</sup> | 34 | 7910 |
| AppLovin Corp. - Class A <sup>(b)</sup> | 774 | 521537 |
| Atlassian Corp. - Class A <sup>(b)</sup> | 453 | 73449 |
| Aurora Innovation, Inc. <sup>(b)</sup> | 2979 | 11439 |
| Autodesk, Inc. <sup>(b)</sup> | 646 | 191223 |
| Bentley Systems, Inc. - Class B  | 645 | 24617 |
| BILL Holdings, Inc. <sup>(b)</sup> | 307 | 16744 |
| Cadence Design Systems, Inc. <sup>(b)</sup> | 849 | 265380 |
| CCC Intelligent Solutions Holdings, Inc. <sup>(b)</sup> | 867 | 6893 |
| Circle Internet Group, Inc. <sup>(b)</sup> | 53 | 4203 |
| Confluent, Inc. - Class A <sup>(b)</sup> | 583 | 17630 |
| Datadog, Inc. - Class A <sup>(b)</sup> | 970 | 131910 |
| Docusign, Inc. <sup>(b)</sup> | 605 | 41382 |
| Dropbox, Inc. - Class A <sup>(b)</sup> | 698 | 19404 |
| Dynatrace, Inc. <sup>(b)</sup> | 992 | 42993 |
| Elastic NV <sup>(b)</sup> | 301 | 22708 |
| Fair Isaac Corp. <sup>(b)</sup> | 77 | 130178 |
| Figma, Inc. - Class A <sup>(b)</sup> | 68 | 2541 |
| Freshworks, Inc. - Class A <sup>(b)</sup> | 585 | 7166 |
| Guidewire Software, Inc. <sup>(b)</sup> | 295 | 59298 |
| HubSpot, Inc. <sup>(b)</sup> | 141 | 56583 |
| Intuit, Inc.  | 846 | 560407 |
| Klaviyo, Inc. - Class A <sup>(b)</sup> | 66 | 2143 |
| Manhattan Associates, Inc. <sup>(b)</sup> | 162 | 28076 |
| Nutanix, Inc. - Class A <sup>(b)</sup> | 677 | 34994 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Palantir Technologies, Inc. - Class A <sup>(b)</sup> | 6846 | $1216877 |
| Pegasystems, Inc.  | 154 | 9197 |
| Procore Technologies, Inc. <sup>(b)</sup> | 144 | 10475 |
| PTC, Inc. <sup>(b)</sup> | 383 | 66722 |
| Roper Technologies, Inc.  | 320 | 142442 |
| Salesforce, Inc.  | 2853 | 755788 |
| Samsara, Inc. - Class A <sup>(b)</sup> | 611 | 21660 |
| ServiceTitan, Inc. - Class A <sup>(b)</sup> | 162 | 17253 |
| SPS Commerce, Inc. <sup>(b)</sup> | 103 | 9180 |
| Strategy, Inc. - Class A <sup>(b)</sup> | 636 | 96640 |
| Synopsys, Inc. <sup>(b)</sup> | 542 | 254588 |
| Trimble, Inc. <sup>(b)</sup> | 626 | 49047 |
| Tyler Technologies, Inc. <sup>(b)</sup> | 137 | 62191 |
| Unity Software, Inc. <sup>(b)</sup> | 711 | 31405 |
| Vertex, Inc. - Class A <sup>(b)</sup> | 174 | 3475 |
| Workday, Inc. - Class A <sup>(b)</sup> | 641 | 137674 |
| Zoom Communications, Inc. - Class A <sup>(b)</sup> | 276 | 23816 |
|  |  | 5592777 |
| **Communications Equipment - 0.8%** |  |  |
| Arista Networks, Inc. <sup>(b)</sup> | 3107 | 407110 |
| Ciena Corp. <sup>(b)</sup> | 430 | 100564 |
| Cisco Systems, Inc.  | 4939 | 380451 |
| F5, Inc. <sup>(b)</sup> | 105 | 26803 |
| Lumentum Holdings, Inc. <sup>(b)</sup> | 70 | 25801 |
| Motorola Solutions, Inc.  | 463 | 177477 |
|  |  | 1118206 |
| **Electronic Components - 0.5%** |  |  |
| Amphenol Corp. - Class A  | 3791 | 512316 |
| Coherent Corp. <sup>(b)</sup> | 414 | 76412 |
| Corning, Inc.  | 1254 | 109800 |
| Littelfuse, Inc.  | 40 | 10117 |
|  |  | 708645 |
| **Electronic Equipment & Instruments - 0.2%** |  |  |
| Cognex Corp.  | 430 | 15471 |
| Keysight Technologies, Inc. <sup>(b)</sup> | 453 | 92045 |
| Ralliant Corp.  | 268 | 13644 |
| Teledyne Technologies, Inc. <sup>(b)</sup> | 146 | 74567 |
| Vontier Corp.  | 457 | 16991 |
| Zebra Technologies Corp. - Class A <sup>(b)</sup> | 135 | 32781 |
|  |  | 245499 |
| **Electronic Manufacturing Services - 0.1%** |  |  |
| Flex Ltd. <sup>(b)</sup> | 214 | 12930 |
| Jabil, Inc.  | 166 | 37851 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| TE Connectivity PLC  | 568 | $129226 |
|  |  | 180007 |
| **Internet Services & Infrastructure - 0.6%** |  |  |
| Akamai Technologies, Inc. <sup>(b)</sup> | 186 | 16228 |
| Cloudflare, Inc. - Class A <sup>(b)</sup> | 860 | 169549 |
| CoreWeave, Inc. - Class A <sup>(b)</sup> | 885 | 63375 |
| GoDaddy, Inc. - Class A <sup>(b)</sup> | 426 | 52858 |
| MongoDB, Inc. <sup>(b)</sup> | 248 | 104083 |
| Okta, Inc. <sup>(b)</sup> | 562 | 48596 |
| Snowflake, Inc. - Class A <sup>(b)</sup> | 938 | 205760 |
| Twilio, Inc. - Class A <sup>(b)</sup> | 432 | 61448 |
| VeriSign, Inc.  | 282 | 68512 |
|  |  | 790409 |
| **IT Consulting & Other Services - 0.6%** |  |  |
| Accenture PLC - Class A  | 1077 | 288959 |
| Cognizant Technology Solutions Corp. - Class A  | 13 | 1079 |
| EPAM Systems, Inc. <sup>(b)</sup> | 128 | 26225 |
| Gartner, Inc. <sup>(b)</sup> | 237 | 59790 |
| Globant SA <sup>(b)</sup> | 175 | 11440 |
| International Business Machines Corp.  | 1355 | 401364 |
| Kyndryl Holdings, Inc. <sup>(b)</sup> | 495 | 13147 |
|  |  | 802004 |
| **Semiconductor Materials & Equipment - 1.2%** |  |  |
| Applied Materials, Inc.  | 1837 | 472091 |
| Enphase Energy, Inc. <sup>(b)</sup> | 465 | 14903 |
| Entegris, Inc.  | 448 | 37744 |
| KLA Corp.  | 406 | 493323 |
| Lam Research Corp.  | 3607 | 617446 |
| MKS, Inc.  | 22 | 3516 |
| Onto Innovation, Inc. <sup>(b)</sup> | 133 | 20995 |
| Teradyne, Inc.  | 427 | 82650 |
|  |  | 1742668 |
| **Semiconductors - 15.1%** |  |  |
| Advanced Micro Devices, Inc. <sup>(b)</sup> | 4989 | 1068444 |
| Analog Devices, Inc.  | 1428 | 387274 |
| Astera Labs, Inc. <sup>(b)</sup> | 373 | 62052 |
| Broadcom, Inc.  | 14269 | 4938501 |
| Cirrus Logic, Inc. <sup>(b)</sup> | 155 | 18367 |
| Credo Technology Group Holding Ltd. <sup>(b)</sup> | 437 | 62880 |
| First Solar, Inc. <sup>(b)</sup> | 303 | 79153 |
| GLOBALFOUNDRIES, Inc. <sup>(b)</sup> | 150 | 5238 |
| Intel Corp. <sup>(b)</sup> | 7646 | 282137 |
| Lattice Semiconductor Corp. <sup>(b)</sup> | 366 | 26930 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| MACOM Technology Solutions Holdings, Inc. <sup>(b)</sup> | 185 | $31687 |
| Marvell Technology, Inc.  | 2477 | 210495 |
| Microchip Technology, Inc.  | 1323 | 84302 |
| Monolithic Power Systems, Inc.  | 154 | 139579 |
| NVIDIA Corp.  | 72150 | 13455975 |
| NXP Semiconductors NV  | 517 | 112220 |
| ON Semiconductor Corp. <sup>(b)</sup> | 1288 | 69745 |
| QUALCOMM, Inc.  | 935 | 159932 |
| Rambus, Inc. <sup>(b)</sup> | 312 | 28670 |
| Silicon Laboratories, Inc. <sup>(b)</sup> | 56 | 7319 |
| Texas Instruments, Inc.  | 2063 | 357910 |
| Universal Display Corp.  | 79 | 9226 |
|  |  | 21598036 |
| **Systems Software - 9.6%** |  |  |
| Commvault Systems, Inc. <sup>(b)</sup> | 137 | 17174 |
| Crowdstrike Holdings, Inc. - Class A <sup>(b)</sup> | 732 | 343132 |
| CyberArk Software Ltd. <sup>(b)</sup> | 125 | 55758 |
| Dolby Laboratories, Inc. - Class A  | 72 | 4624 |
| Fortinet, Inc. <sup>(b)</sup> | 1817 | 144288 |
| Gen Digital, Inc.  | 752 | 20447 |
| Gitlab, Inc. - Class A <sup>(b)</sup> | 293 | 10996 |
| Microsoft Corp.  | 22953 | 11100530 |
| Monday.com Ltd. <sup>(b)</sup> | 92 | 13576 |
| Nebius Group NV <sup>(b)</sup> | 554 | 46373 |
| Oracle Corp.  | 5084 | 990922 |
| Palo Alto Networks, Inc. <sup>(b)</sup> | 2082 | 383504 |
| Qualys, Inc. <sup>(b)</sup> | 64 | 8506 |
| Rubrik, Inc. - Class A <sup>(b)</sup> | 255 | 19502 |
| SentinelOne, Inc. - Class A <sup>(b)</sup> | 683 | 10245 |
| ServiceNow, Inc. <sup>(b)</sup> | 3130 | 479485 |
| UiPath, Inc. - Class A <sup>(b)</sup> | 1172 | 19209 |
| Zscaler, Inc. <sup>(b)</sup> | 284 | 63877 |
|  |  | 13732148 |
| **Technology Distributors - 0.0%**<sup>(a)</sup> |  |  |
| CDW Corp.  | 159 | 21656 |
| **Technology Hardware, Storage & Peripherals - 8.7%** |  |  |
| Apple, Inc.  | 44938 | 12216844 |
| Dell Technologies, Inc. - Class C  | 166 | 20896 |
| IonQ, Inc. <sup>(b)</sup> | 979 | 43928 |
| NetApp, Inc.  | 198 | 21204 |
| Pure Storage, Inc. - Class A <sup>(b)</sup> | 897 | 60108 |
| Seagate Technology Holdings PLC  | 111 | 30568 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Super Micro Computer, Inc. <sup>(b)</sup> | 1525 | $44637 |
|  |  | 12438185 |
| **Total Information Technology** |  | 58970240 |
| **<u>Materials</u> - 1.3%**  |  |  |
| **Construction Materials - 0.3%** |  |  |
| CRH PLC  | 905 | 112944 |
| Eagle Materials, Inc.  | 104 | 21495 |
| James Hardie Industries PLC <sup>(b)</sup> | 1650 | 34237 |
| Martin Marietta Materials, Inc.  | 165 | 102739 |
| Vulcan Materials Co.  | 408 | 116370 |
|  |  | 387785 |
| **Copper - 0.0%**<sup>(a)</sup> |  |  |
| Freeport-McMoRan, Inc.  | 964 | 48962 |
| **Diversified Metals & Mining - 0.0%**<sup>(a)</sup> |  |  |
| MP Materials Corp. <sup>(b)</sup> | 453 | 22885 |
| **Fertilizers & Agricultural Chemicals - 0.1%** |  |  |
| Corteva, Inc.  | 990 | 66360 |
| **Gold - 0.1%** |  |  |
| Newmont Corp.  | 475 | 47429 |
| Royal Gold, Inc.  | 227 | 50460 |
|  |  | 97889 |
| **Industrial Gases - 0.4%** |  |  |
| Air Products and Chemicals, Inc.  | 372 | 91891 |
| Linde PLC  | 1243 | 530003 |
|  |  | 621894 |
| **Metal, Glass & Plastic Containers - 0.0%**<sup>(a)</sup> |  |  |
| AptarGroup, Inc.  | 64 | 7805 |
| Ball Corp.  | 73 | 3867 |
|  |  | 11672 |
| **Paper & Plastic Packaging Products & Materials - 0.0%**<sup>(a)</sup> |  |  |
| Avery Dennison Corp.  | 37 | 6730 |
| International Paper Co.  | 198 | 7799 |
| Packaging Corp. of America  | 95 | 19592 |
| Smurfit WestRock PLC  | 63 | 2436 |
|  |  | 36557 |
| **Specialty Chemicals - 0.4%** |  |  |
| Albemarle Corp.  | 362 | 51201 |
| Axalta Coating Systems Ltd. <sup>(b)</sup> | 359 | 11599 |
| Ecolab, Inc.  | 773 | 202928 |
| International Flavors & Fragrances, Inc.  | 51 | 3437 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| RPM International, Inc.  | 292 | $30368 |
| Sherwin-Williams Co.  | 695 | 225201 |
| Solstice Advanced Materials, Inc. <sup>(b)</sup> | 297 | 14428 |
|  |  | 539162 |
| **Steel - 0.0%**<sup>(a)</sup> |  |  |
| Cleveland-Cliffs, Inc. <sup>(b)</sup> | 1388 | 18433 |
| **Total Materials** |  | 1851599 |
| **<u>Real Estate</u> - 0.2%**  |  |  |
| **Real Estate Development - 0.0%**<sup>(a)</sup> |  |  |
| Howard Hughes Holdings, Inc. <sup>(b)</sup> | 48 | 3829 |
| **Real Estate Services - 0.2%** |  |  |
| CBRE Group, Inc. - Class A <sup>(b)</sup> | 820 | 131848 |
| CoStar Group, Inc. <sup>(b)</sup> | 1212 | 81495 |
| Jones Lang LaSalle, Inc. <sup>(b)</sup> | 13 | 4374 |
| Zillow Group, Inc. - Class A <sup>(b)</sup> | 68 | 4639 |
| Zillow Group, Inc. - Class C <sup>(b)</sup> | 394 | 26879 |
|  |  | 249235 |
| **Total Real Estate** |  | 253064 |
| **<u>Utilities</u> - 0.9%**  |  |  |
| **Electric Utilities - 0.6%** |  |  |
| Alliant Energy Corp.  | 171 | 11117 |
| American Electric Power Co., Inc.  | 107 | 12338 |
| Constellation Energy Corp.  | 956 | 337726 |
| Entergy Corp.  | 189 | 17469 |
| IDACORP, Inc.  | 33 | 4176 |
| NextEra Energy, Inc.  | 3002 | 241000 |
| NRG Energy, Inc.  | 470 | 74843 |
| Oklo, Inc. <sup>(b)</sup> | 362 | 25977 |
| PPL Corp.  | 241 | 8440 |
| Southern Co.  | 968 | 84410 |
| TXNM Energy, Inc.  | 68 | 4004 |
|  |  | 821500 |
| **Gas Utilities - 0.0%**<sup>(a)</sup> |  |  |
| Atmos Energy Corp.  | 203 | 34029 |
| **Independent Power Producers & Energy Traders - 0.2%** |  |  |
| Talen Energy Corp. <sup>(b)</sup> | 111 | 41607 |
| Vistra Corp.  | 1124 | 181335 |
|  |  | 222942 |
| **Multi-Utilities - 0.1%** |  |  |
| Ameren Corp.  | 190 | 18973 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| CenterPoint Energy, Inc.  | 406 | $15566 |
| CMS Energy Corp.  | 92 | 6433 |
| NiSource, Inc.  | 364 | 15201 |
| Public Service Enterprise Group, Inc.  | 373 | 29952 |
| Sempra  | 286 | 25251 |
| WEC Energy Group, Inc.  | 134 | 14132 |
|  |  | 125508 |
| **Water Utilities - 0.0%**<sup>(a)</sup> |  |  |
| American Water Works Co., Inc.  | 199 | 25970 |
| **Total Utilities** |  | 1229949 |
| **TOTAL COMMON STOCKS** (Cost $95,651,766) |  | 140095083 |
| **REAL ESTATE INVESTMENT TRUSTS - 1.7%**  |  |  |
| **<u>Real Estate</u> - 1.7%**  |  |  |
| **Data Center REITs - 0.3%** |  |  |
| Digital Realty Trust, Inc.  | 1045 | 161672 |
| Equinix, Inc.  | 290 | 222186 |
|  |  | 383858 |
| **Diversified REITs - 0.0%**<sup>(a)</sup> |  |  |
| WP Carey, Inc.  | 9 | 579 |
| **Health Care REITs - 0.4%** |  |  |
| Healthpeak Properties, Inc.  | 59 | 949 |
| Ventas, Inc.  | 1394 | 107868 |
| Welltower, Inc.  | 2120 | 393493 |
|  |  | 502310 |
| **Hotel & Resort REITs - 0.0%**<sup>(a)</sup> |  |  |
| Host Hotels & Resorts, Inc.  | 1313 | 23280 |
| Ryman Hospitality Properties, Inc.  | 244 | 23087 |
|  |  | 46367 |
| **Industrial REITs - 0.2%** |  |  |
| Americold Realty Trust, Inc.  | 25 | 322 |
| EastGroup Properties, Inc.  | 120 | 21377 |
| First Industrial Realty Trust, Inc.  | 323 | 18498 |
| Lineage, Inc.  | 78 | 2730 |
| Prologis, Inc.  | 2182 | 278554 |
| Rexford Industrial Realty, Inc.  | 154 | 5963 |
| STAG Industrial, Inc.  | 294 | 10807 |
|  |  | 338251 |
| **Multi-Family Residential REITs - 0.2%** |  |  |
| AvalonBay Communities, Inc.  | 220 | 39888 |
| Camden Property Trust  | 300 | 33024 |
| Equity Residential  | 783 | 49360 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Essex Property Trust, Inc.  | 86 | $22504 |
| Mid-America Apartment Communities, Inc.  | 161 | 22365 |
| UDR, Inc.  | 1023 | 37524 |
|  |  | 204665 |
| **Office REITs - 0.0%**<sup>(a)</sup> |  |  |
| Vornado Realty Trust  | 323 | 10749 |
| **Other Specialized REITs - 0.1%** |  |  |
| Iron Mountain, Inc.  | 893 | 74075 |
| Lamar Advertising Co. - Class A  | 64 | 8101 |
|  |  | 82176 |
| **Retail REITs - 0.1%** |  |  |
| Agree Realty Corp.  | 3 | 216 |
| Brixmor Property Group, Inc.  | 56 | 1468 |
| Federal Realty Investment Trust  | 49 | 4939 |
| Kimco Realty Corp.  | 191 | 3872 |
| Realty Income Corp.  | 1810 | 102030 |
| Regency Centers Corp.  | 88 | 6075 |
| Simon Property Group, Inc.  | 396 | 73303 |
|  |  | 191903 |
| **Self-Storage REITs - 0.1%** |  |  |
| CubeSmart  | 334 | 12041 |
| Extra Space Storage, Inc.  | 479 | 62375 |
| National Storage Affiliates Trust  | 68 | 1918 |
| Public Storage  | 314 | 81483 |
|  |  | 157817 |
| **Single-Family Residential REITs - 0.1%** |  |  |
| American Homes 4 Rent - Class A  | 856 | 27478 |
| Equity LifeStyle Properties, Inc.  | 404 | 24487 |
| Invitation Homes, Inc.  | 1441 | 40045 |
| Sun Communities, Inc.  | 298 | 36925 |
|  |  | 128935 |
| **Telecom Tower REITs - 0.2%** |  |  |
| American Tower Corp.  | 1027 | 180311 |
| Crown Castle, Inc.  | 891 | 79183 |
| SBA Communications Corp.  | 314 | 60737 |
|  |  | 320231 |
| **Timber REITs - 0.0%**<sup>(a)</sup> |  |  |
| Weyerhaeuser Co.  | 287 | 6799 |
| **Total Real Estate** |  | 2374640 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $2,299,755) |  | 2374640 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 GROWTH ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **CONTINGENT VALUE RIGHTS - 0.0%** <sup>(a)</sup> | | |
| **Health Care *-* 0.0%**<sup>(a)</sup> | |  |
| ABIOMED, Inc., Exercise Price $0.00 <sup>(b)(d)</sup> | 4 | $— |
| **TOTAL CONTINGENT VALUE RIGHTS** (Cost $0) |  |  |
| **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 0.3%**  |  |  |
| First American Government Obligations Fund - Class X, 3.67% <sup>(e)</sup> | 388868 | 388868 |
| **TOTAL MONEY MARKET FUNDS** (Cost $388,868) |  | 388868 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $98,340,389**)** |  | $142858591 |
| Other Assets in Excess of Liabilities - 0.0% <sup>(a)</sup> |  | 16916 |
| **TOTAL NET ASSETS - 100.0%** |  | $142875507 |

---

Percentages are stated as a percent of net assets.

---

| |
|:---|
| LP - Limited Partnership |
| PLC - Public Limited Company |
| REIT - Real Estate Investment Trust |

---

(a) Represents less than 0.05% of net assets.

(b) Non-income producing security.

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

(d) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of December 31, 2025.

(e) The rate shown represents the 7-day annualized yield as of December 31, 2025.

The Global Industry Classification Standard ("GICS®") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **COMMON STOCKS - 97.1%**  | | |
| **<u>Communication Services</u> - 4.7%**  | |  |
| **Advertising - 0.2%** |  |  |
| Omnicom Group, Inc.  | 1334 | $107720 |
| **Alternative Carriers - 0.1%** |  |  |
| AST SpaceMobile, Inc. <sup>(a)</sup> | 836 | 60719 |
| **Broadcasting - 0.2%** |  |  |
| Fox Corp. - Class A  | 792 | 57871 |
| Fox Corp. - Class B  | 472 | 30647 |
| Nexstar Media Group, Inc.  | 105 | 21320 |
| Paramount Skydance Corp.  | 3732 | 50009 |
|  |  | 159847 |
| **Cable & Satellite - 0.9%** |  |  |
| Charter Communications, Inc. - Class A <sup>(a)</sup> | 391 | 81621 |
| Comcast Corp. - Class A  | 15283 | 456809 |
| EchoStar Corp. - Class A <sup>(a)</sup> | 571 | 62068 |
| Liberty Broadband Corp. - Class A <sup>(a)</sup> | 25 | 1207 |
| Liberty Broadband Corp. - Class C <sup>(a)</sup> | 483 | 23474 |
| Sirius XM Holdings, Inc.  | 775 | 15496 |
|  |  | 640675 |
| **Integrated Telecommunication Services - 2.1%** |  |  |
| AT&T, Inc.  | 30250 | 751410 |
| Frontier Communications Parent, Inc. <sup>(a)</sup> | 916 | 34872 |
| Verizon Communications, Inc.  | 16333 | 665243 |
|  |  | 1451525 |
| **Interactive Home Entertainment - 0.1%** |  |  |
| Electronic Arts, Inc.  | 141 | 28811 |
| ROBLOX Corp. - Class A <sup>(a)</sup> | 547 | 44323 |
|  |  | 73134 |
| **Interactive Media & Services - 0.5%** |  |  |
| Alphabet, Inc. - Class A  | 500 | 156500 |
| Alphabet, Inc. - Class C  | 405 | 127089 |
| IAC, Inc. <sup>(a)</sup> | 192 | 7507 |
| Match Group, Inc.  | 402 | 12981 |
| ZoomInfo Technologies, Inc. <sup>(a)</sup> | 708 | 7200 |
|  |  | 311277 |
| **Movies & Entertainment - 0.3%** |  |  |
| Liberty Live Holdings, Inc. - Class A <sup>(a)</sup> | 86 | 7009 |
| Liberty Live Holdings, Inc. - Class C <sup>(a)</sup> | 224 | 18628 |
| Walt Disney Co.  | 1604 | 182487 |
|  |  | 208124 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Publishing - 0.1%** |  |  |
| New York Times Co. - Class A  | 35 | $2430 |
| News Corp. - Class A  | 1102 | 28784 |
| News Corp. - Class B  | 312 | 9245 |
|  |  | 40459 |
| **Wireless Telecommunication Services - 0.2%** |  |  |
| T-Mobile US, Inc.  | 842 | 170960 |
| **Total Communication Services** |  | 3224440 |
| **<u>Consumer Discretionary</u> - 5.5%**  |  |  |
| **Apparel Retail - 0.1%** |  |  |
| Abercrombie & Fitch Co. - Class A <sup>(a)</sup> | 201 | 25300 |
| Gap, Inc.  | 927 | 23731 |
| Ross Stores, Inc.  | 254 | 45756 |
|  |  | 94787 |
| **Apparel, Accessories & Luxury Goods - 0.2%** |  |  |
| Columbia Sportswear Co.  | 65 | 3581 |
| Levi Strauss & Co. - Class A  | 274 | 5683 |
| Lululemon Athletica, Inc. <sup>(a)</sup> | 86 | 17871 |
| PVH Corp.  | 205 | 13739 |
| Ralph Lauren Corp.  | 20 | 7072 |
| Tapestry, Inc.  | 231 | 29515 |
| VF Corp.  | 1584 | 28639 |
|  |  | 106100 |
| **Automobile Manufacturers - 0.9%** |  |  |
| Ford Motor Co.  | 16508 | 216585 |
| General Motors Co.  | 3942 | 320563 |
| Stellantis NV  | 7512 | 81806 |
| Thor Industries, Inc.  | 212 | 21766 |
|  |  | 640720 |
| **Automotive Parts & Equipment - 0.2%** |  |  |
| Aptiv PLC <sup>(a)</sup> | 959 | 72970 |
| BorgWarner, Inc.  | 895 | 40329 |
| Gentex Corp.  | 616 | 14334 |
| Lear Corp.  | 224 | 25671 |
|  |  | 153304 |
| **Automotive Retail - 0.2%** |  |  |
| AutoNation, Inc. <sup>(a)</sup> | 149 | 30766 |
| CarMax, Inc. <sup>(a)</sup> | 633 | 24459 |
| Lithia Motors, Inc.  | 106 | 35227 |
| Murphy USA, Inc.  | 66 | 26632 |
| Penske Automotive Group, Inc.  | 65 | 10289 |
| Valvoline, Inc. <sup>(a)</sup> | 291 | 8456 |
|  |  | 135829 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Broadline Retail - 0.3%** |  |  |
| Dillard's, Inc. - Class A  | 12 | $7276 |
| eBay, Inc.  | 1621 | 141189 |
| Etsy, Inc. <sup>(a)</sup> | 216 | 11975 |
| Macy's, Inc.  | 1105 | 24365 |
|  |  | 184805 |
| **Casinos & Gaming - 0.1%** |  |  |
| Boyd Gaming Corp.  | 191 | 16281 |
| Brightstar Lottery PLC  | 432 | 6687 |
| Churchill Downs, Inc.  | 77 | 8761 |
| MGM Resorts International <sup>(a)</sup> | 458 | 16713 |
|  |  | 48442 |
| **Computer & Electronics Retail - 0.1%** |  |  |
| Best Buy Co., Inc.  | 812 | 54347 |
| **Consumer Electronics - 0.0%**<sup>(b)</sup> |  |  |
| Garmin Ltd.  | 67 | 13591 |
| **Distributors - 0.2%** |  |  |
| Genuine Parts Co.  | 540 | 66398 |
| LKQ Corp.  | 1076 | 32495 |
| Pool Corp.  | 45 | 10294 |
|  |  | 109187 |
| **Footwear - 0.1%** |  |  |
| Crocs, Inc. <sup>(a)</sup> | 190 | 16249 |
| NIKE, Inc. - Class B  | 1152 | 73394 |
|  |  | 89643 |
| **Home Furnishings - 0.0%**<sup>(b)</sup> |  |  |
| Mohawk Industries, Inc. <sup>(a)</sup> | 217 | 23718 |
| Somnigroup International, Inc.  | 15 | 1339 |
|  |  | 25057 |
| **Home Improvement Retail - 1.6%** |  |  |
| Home Depot, Inc.  | 1907 | 656199 |
| Lowe's Cos., Inc.  | 1750 | 422030 |
|  |  | 1078229 |
| **Homebuilding - 0.7%** |  |  |
| DR Horton, Inc.  | 1133 | 163186 |
| Installed Building Products, Inc.  | 18 | 4669 |
| Lennar Corp. - Class A  | 903 | 92828 |
| Lennar Corp. - Class B  | 18 | 1712 |
| NVR, Inc. <sup>(a)</sup> | 5 | 36464 |
| PulteGroup, Inc.  | 839 | 98381 |
| Toll Brothers, Inc.  | 414 | 55981 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| TopBuild Corp. <sup>(a)</sup> | 8 | $3338 |
|  |  | 456559 |
| **Homefurnishing Retail - 0.1%** |  |  |
| RH <sup>(a)</sup> | 21 | 3762 |
| Williams-Sonoma, Inc.  | 221 | 39468 |
|  |  | 43230 |
| **Hotels, Resorts & Cruise Lines - 0.0%**<sup>(b)</sup> |  |  |
| Travel + Leisure Co.  | 247 | 17421 |
| Wyndham Hotels & Resorts, Inc.  | 130 | 9823 |
|  |  | 27244 |
| **Household Appliances - 0.0%**<sup>(b)</sup> |  |  |
| Whirlpool Corp.  | 217 | 15654 |
| **Leisure Facilities - 0.0%**<sup>(b)</sup> |  |  |
| Vail Resorts, Inc.  | 143 | 18990 |
| **Leisure Products - 0.1%** |  |  |
| Brunswick Corp.  | 279 | 20713 |
| Hasbro, Inc.  | 524 | 42968 |
| Mattel, Inc. <sup>(a)</sup> | 1236 | 24522 |
| YETI Holdings, Inc. <sup>(a)</sup> | 203 | 8967 |
|  |  | 97170 |
| **Motorcycle Manufacturers - 0.0%**<sup>(b)</sup> |  |  |
| Harley-Davidson, Inc.  | 471 | 9651 |
| **Other Specialty Retail - 0.2%** |  |  |
| Bath & Body Works, Inc.  | 878 | 17631 |
| Dick's Sporting Goods, Inc.  | 264 | 52264 |
| Five Below, Inc. <sup>(a)</sup> | 45 | 8476 |
| Tractor Supply Co.  | 522 | 26105 |
| Ulta Beauty, Inc. <sup>(a)</sup> | 5 | 3025 |
|  |  | 107501 |
| **Restaurants - 0.3%** |  |  |
| Darden Restaurants, Inc.  | 203 | 37356 |
| Domino's Pizza, Inc.  | 3 | 1251 |
| McDonald's Corp.  | 441 | 134783 |
| Starbucks Corp.  | 196 | 16505 |
| Yum! Brands, Inc.  | 11 | 1664 |
|  |  | 191559 |
| **Specialized Consumer Services - 0.1%** |  |  |
| ADT, Inc.  | 1314 | 10604 |
| H&R Block, Inc.  | 558 | 24318 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Service Corp. International  | 432 | $33683 |
|  |  | 68605 |
| **Total Consumer Discretionary** |  | 3770204 |
| **<u>Consumer Staples</u> - 7.8%**  |  |  |
| **Agricultural Products & Services - 0.3%** |  |  |
| Archer-Daniels-Midland Co.  | 2018 | 116015 |
| Bunge Global SA  | 702 | 62534 |
| Darling Ingredients, Inc. <sup>(a)</sup> | 632 | 22752 |
| Ingredion, Inc.  | 254 | 28006 |
|  |  | 229307 |
| **Brewers - 0.0%**<sup>(b)</sup> |  |  |
| Molson Coors Beverage Co. - Class B  | 683 | 31883 |
| **Consumer Staples Merchandise Retail - 1.3%** |  |  |
| BJ's Wholesale Club Holdings, Inc. <sup>(a)</sup> | 225 | 20257 |
| Dollar General Corp.  | 930 | 123476 |
| Dollar Tree, Inc. <sup>(a)</sup> | 791 | 97301 |
| Target Corp.  | 1883 | 184063 |
| Walmart, Inc.  | 4381 | 488087 |
|  |  | 913184 |
| **Distillers & Vintners - 0.2%** |  |  |
| Brown-Forman Corp. - Class A  | 1 | 26 |
| Brown-Forman Corp. - Class B  | 875 | 22803 |
| Constellation Brands, Inc. - Class A  | 581 | 80155 |
|  |  | 102984 |
| **Food Distributors - 0.2%** |  |  |
| Performance Food Group Co. <sup>(a)</sup> | 325 | 29224 |
| Sysco Corp.  | 1340 | 98745 |
| US Foods Holding Corp. <sup>(a)</sup> | 126 | 9490 |
|  |  | 137459 |
| **Food Retail - 0.3%** |  |  |
| Albertsons Cos., Inc. - Class A  | 1272 | 21840 |
| Kroger Co.  | 2508 | 156700 |
| Maplebear, Inc. <sup>(a)</sup> | 139 | 6252 |
|  |  | 184792 |
| **Household Products - 1.6%** |  |  |
| Church & Dwight Co., Inc.  | 206 | 17273 |
| Clorox Co.  | 522 | 52633 |
| Colgate-Palmolive Co.  | 1254 | 99091 |
| Kimberly-Clark Corp.  | 1358 | 137009 |
| Procter & Gamble Co.  | 5384 | 771581 |
| Reynolds Consumer Products, Inc.  | 338 | 7747 |
|  |  | 1085334 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Packaged Foods & Meats - 1.0%** |  |  |
| Campbell's Co.  | 767 | $21376 |
| Conagra Brands, Inc.  | 1927 | 33356 |
| Flowers Foods, Inc.  | 679 | 7388 |
| General Mills, Inc.  | 2261 | 105136 |
| Hershey Co.  | 195 | 35486 |
| Hormel Foods Corp.  | 1123 | 26615 |
| J M Smucker Co.  | 431 | 42156 |
| Kraft Heinz Co.  | 3423 | 83008 |
| Lamb Weston Holdings, Inc.  | 237 | 9928 |
| Marzetti Co.  | 14 | 2302 |
| McCormick & Co., Inc.  | 641 | 43659 |
| Mondelez International, Inc. - Class A  | 3533 | 190181 |
| Pilgrim's Pride Corp.  | 246 | 9592 |
| Post Holdings, Inc. <sup>(a)</sup> | 182 | 18027 |
| Tyson Foods, Inc. - Class A  | 1196 | 70110 |
|  |  | 698320 |
| **Personal Care Products - 0.2%** |  |  |
| Coty, Inc. - Class A <sup>(a)</sup> | 183 | 564 |
| Estee Lauder Cos., Inc. - Class A  | 424 | 44401 |
| Kenvue, Inc.  | 5206 | 89803 |
|  |  | 134768 |
| **Soft Drinks & Non-alcoholic Beverages - 1.6%** |  |  |
| Coca-Cola Co.  | 4000 | 279640 |
| Coca-Cola Consolidated, Inc.  | 70 | 10731 |
| Keurig Dr Pepper, Inc.  | 4653 | 130331 |
| PepsiCo, Inc.  | 4547 | 652585 |
|  |  | 1073287 |
| **Tobacco - 1.1%** |  |  |
| Altria Group, Inc.  | 7104 | 409617 |
| Philip Morris International, Inc.  | 2276 | 365070 |
|  |  | 774687 |
| **Total Consumer Staples** |  | 5366005 |
| **<u>Energy</u> - 9.4%**  |  |  |
| **Integrated Oil & Gas - 4.6%** |  |  |
| Chevron Corp.  | 6359 | 969175 |
| Exxon Mobil Corp.  | 17441 | 2098850 |
| Occidental Petroleum Corp.  | 3033 | 124717 |
|  |  | 3192742 |
| **Oil & Gas Drilling - 0.0%**<sup>(b)</sup> |  |  |
| Noble Corp. PLC  | 352 | 9940 |
| Transocean Ltd. <sup>(a)</sup> | 2858 | 11804 |
|  |  | 21744 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Oil & Gas Equipment & Services - 0.7%** |  |  |
| Baker Hughes Co.  | 1710 | $77873 |
| Halliburton Co.  | 3160 | 89302 |
| NOV, Inc.  | 1389 | 21710 |
| SLB Ltd.  | 6234 | 239261 |
| Weatherford International PLC  | 273 | 21365 |
|  |  | 449511 |
| **Oil & Gas Exploration & Production - 2.1%** |  |  |
| Antero Resources Corp. <sup>(a)</sup> | 1233 | 42489 |
| APA Corp.  | 1504 | 36788 |
| Chord Energy Corp.  | 241 | 22341 |
| ConocoPhillips  | 5282 | 494448 |
| Coterra Energy, Inc.  | 2942 | 77433 |
| Devon Energy Corp.  | 2598 | 95165 |
| Diamondback Energy, Inc.  | 777 | 116806 |
| EOG Resources, Inc.  | 2310 | 242573 |
| EQT Corp.  | 1755 | 94068 |
| Expand Energy Corp.  | 951 | 104952 |
| Matador Resources Co.  | 435 | 18461 |
| Murphy Oil Corp.  | 503 | 15719 |
| Ovintiv, Inc.  | 1087 | 42600 |
| Permian Resources Corp.  | 2643 | 37081 |
| Range Resources Corp.  | 896 | 31593 |
| Venture Global, Inc. - Class A  | 145 | 989 |
|  |  | 1473506 |
| **Oil & Gas Refining & Marketing - 1.0%** |  |  |
| HF Sinclair Corp.  | 649 | 29906 |
| Marathon Petroleum Corp.  | 1298 | 211094 |
| PBF Energy, Inc. - Class A  | 441 | 11960 |
| Phillips 66  | 1696 | 218852 |
| Valero Energy Corp.  | 1284 | 209022 |
|  |  | 680834 |
| **Oil & Gas Storage & Transportation - 1.0%** |  |  |
| Antero Midstream Corp.  | 1408 | 25048 |
| Cheniere Energy, Inc.  | 216 | 41988 |
| DT Midstream, Inc.  | 243 | 29082 |
| Hess Midstream LP - Class A  | 133 | 4589 |
| Kinder Morgan, Inc.  | 8074 | 221954 |
| ONEOK, Inc.  | 2190 | 160965 |
| Targa Resources Corp.  | 271 | 50000 |
| Williams Cos., Inc.  | 1999 | 120160 |
|  |  | 653786 |
| **Total Energy** |  | 6472123 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **<u>Financials</u> - 21.7%**  | |  |
| **Asset Management & Custody Banks - 2.0%** |  |  |
| Affiliated Managers Group, Inc.  | 118 | $34017 |
| Ameriprise Financial, Inc.  | 181 | 88752 |
| Bank of New York Mellon Corp.  | 2508 | 291154 |
| Blackrock, Inc.  | 160 | 171254 |
| Blackstone, Inc.  | 1543 | 237838 |
| Carlyle Group, Inc.  | 1099 | 64962 |
| Franklin Resources, Inc.  | 1284 | 30675 |
| Invesco Ltd.  | 1752 | 46025 |
| KKR & Co., Inc.  | 596 | 75978 |
| Northern Trust Corp.  | 779 | 106404 |
| SEI Investments Co.  | 244 | 20013 |
| State Street Corp.  | 740 | 95467 |
| T Rowe Price Group, Inc.  | 893 | 91425 |
| TPG, Inc.  | 256 | 16343 |
|  |  | 1370307 |
| **Commercial & Residential Mortgage Finance - 0.2%** |  |  |
| Essent Group Ltd.  | 434 | 28215 |
| MGIC Investment Corp.  | 910 | 26590 |
| Radian Group, Inc.  | 639 | 22998 |
| Rocket Cos., Inc. - Class A  | 3373 | 65301 |
| UWM Holdings Corp.  | 77 | 337 |
|  |  | 143441 |
| **Consumer Finance - 1.5%** |  |  |
| Ally Financial, Inc.  | 1111 | 50317 |
| American Express Co.  | 366 | 135402 |
| Capital One Financial Corp.  | 2640 | 639830 |
| Credit Acceptance Corp. <sup>(a)</sup> | 13 | 5765 |
| OneMain Holdings, Inc.  | 453 | 30600 |
| SLM Corp.  | 879 | 23786 |
| Synchrony Financial  | 1512 | 126146 |
|  |  | 1011846 |
| **Diversified Banks - 7.0%** |  |  |
| Bank of America Corp.  | 28536 | 1569480 |
| Citigroup, Inc.  | 7763 | 905864 |
| Comerica, Inc.  | 491 | 42683 |
| Fifth Third Bancorp  | 2778 | 130038 |
| First Citizens BancShares, Inc. - Class A  | 23 | 49362 |
| JPMorgan Chase & Co.  | 711 | 229098 |
| KeyCorp  | 4534 | 93582 |
| PNC Financial Services Group, Inc.  | 1664 | 347327 |
| US Bancorp  | 6522 | 348014 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Wells Fargo & Co.  | 11688 | $1089322 |
|  |  | 4804770 |
| **Diversified Financial Services - 0.2%** |  |  |
| Corebridge Financial, Inc.  | 1022 | 30834 |
| Equitable Holdings, Inc.  | 1232 | 58705 |
| Voya Financial, Inc.  | 438 | 32626 |
|  |  | 122165 |
| **Financial Exchanges & Data - 0.3%** |  |  |
| CME Group, Inc.  | 585 | 159752 |
| FactSet Research Systems, Inc.  | 12 | 3482 |
| Intercontinental Exchange, Inc.  | 46 | 7450 |
| MarketAxess Holdings, Inc.  | 39 | 7069 |
|  |  | 177753 |
| **Insurance Brokers - 0.3%** |  |  |
| Aon PLC - Class A  | 82 | 28936 |
| Marsh & McLennan Cos., Inc.  | 539 | 99995 |
| Willis Towers Watson PLC  | 203 | 66706 |
|  |  | 195637 |
| **Investment Banking & Brokerage - 2.3%** |  |  |
| Charles Schwab Corp.  | 1292 | 129084 |
| Evercore, Inc. - Class A  | 82 | 27900 |
| Goldman Sachs Group, Inc.  | 905 | 795495 |
| Houlihan Lokey, Inc.  | 20 | 3484 |
| Jefferies Financial Group, Inc.  | 570 | 35323 |
| Lazard, Inc.  | 435 | 21124 |
| Morgan Stanley  | 2383 | 423054 |
| Raymond James Financial, Inc.  | 440 | 70659 |
| Stifel Financial Corp.  | 391 | 48961 |
|  |  | 1555084 |
| **Life & Health Insurance - 1.2%** |  |  |
| Aflac, Inc.  | 2272 | 250533 |
| F&G Annuities & Life, Inc.  | 64 | 1969 |
| Globe Life, Inc.  | 324 | 45315 |
| Lincoln National Corp.  | 653 | 29078 |
| MetLife, Inc.  | 2383 | 188114 |
| Primerica, Inc.  | 122 | 31520 |
| Principal Financial Group, Inc.  | 936 | 82565 |
| Prudential Financial, Inc.  | 1473 | 166272 |
| Unum Group  | 664 | 51460 |
|  |  | 846826 |
| **Multi-Sector Holdings - 0.7%** |  |  |
| Berkshire Hathaway, Inc. - Class B <sup>(a)</sup> | 989 | 497121 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Property & Casualty Insurance - 3.3%** |  |  |
| Allstate Corp.  | 1103 | $229589 |
| American Financial Group, Inc.  | 304 | 41551 |
| American International Group, Inc.  | 2337 | 199930 |
| Arch Capital Group Ltd. <sup>(a)</sup> | 1467 | 140715 |
| Assurant, Inc.  | 218 | 52505 |
| Axis Capital Holdings Ltd.  | 326 | 34911 |
| Chubb Ltd.  | 1546 | 482538 |
| Cincinnati Financial Corp.  | 502 | 81987 |
| Fidelity National Financial, Inc.  | 1064 | 58084 |
| First American Financial Corp.  | 436 | 26788 |
| Hanover Insurance Group, Inc.  | 134 | 24491 |
| Hartford Insurance Group, Inc.  | 1190 | 163982 |
| Loews Corp.  | 743 | 78245 |
| Markel Group, Inc. <sup>(a)</sup> | 51 | 109632 |
| Old Republic International Corp.  | 885 | 40391 |
| Progressive Corp.  | 730 | 166236 |
| RLI Corp.  | 117 | 7486 |
| Selective Insurance Group, Inc.  | 232 | 19411 |
| Travelers Cos., Inc.  | 934 | 270916 |
| W R Berkley Corp.  | 855 | 59953 |
|  |  | 2289341 |
| **Regional Banks - 1.8%** |  |  |
| Bank OZK  | 436 | 20065 |
| BOK Financial Corp.  | 93 | 11017 |
| Citizens Financial Group, Inc.  | 1708 | 99764 |
| Commerce Bancshares, Inc.  | 470 | 24592 |
| Cullen/Frost Bankers, Inc.  | 194 | 24566 |
| East West Bancorp, Inc.  | 582 | 65411 |
| First Financial Bankshares, Inc.  | 242 | 7229 |
| First Horizon Corp.  | 2033 | 48589 |
| Huntington Bancshares, Inc.  | 6683 | 115950 |
| M&T Bank Corp.  | 642 | 129350 |
| Old National Bancorp/IN  | 1291 | 28802 |
| Pinnacle Financial Partners, Inc.  | 324 | 30913 |
| Popular, Inc.  | 288 | 35862 |
| Prosperity Bancshares, Inc.  | 377 | 26054 |
| Regions Financial Corp.  | 3855 | 104471 |
| Southstate Bank Corp.  | 297 | 27951 |
| Synovus Financial Corp.  | 588 | 29429 |
| TFS Financial Corp.  | 214 | 2863 |
| Truist Financial Corp.  | 5433 | 267358 |
| UMB Financial Corp.  | 222 | 25539 |
| United Bankshares, Inc.  | 475 | 18240 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Webster Financial Corp.  | 666 | $41918 |
| Western Alliance Bancorp  | 162 | 13619 |
| Wintrust Financial Corp.  | 270 | 37751 |
| Zions Bancorp NA  | 592 | 34656 |
|  |  | 1271959 |
| **Reinsurance - 0.2%** |  |  |
| Everest Group Ltd.  | 175 | 59386 |
| Reinsurance Group of America, Inc.  | 259 | 52696 |
| RenaissanceRe Holdings Ltd.  | 190 | 53421 |
|  |  | 165503 |
| **Transaction & Payment Processing Services - 0.7%** |  |  |
| Corpay, Inc. <sup>(a)</sup> | 42 | 12639 |
| Euronet Worldwide, Inc. <sup>(a)</sup> | 134 | 10198 |
| Fidelity National Information Services, Inc.  | 2207 | 146677 |
| Fiserv, Inc. <sup>(a)</sup> | 1037 | 69655 |
| Global Payments, Inc.  | 1030 | 79722 |
| Jack Henry & Associates, Inc.  | 12 | 2190 |
| PayPal Holdings, Inc.  | 2726 | 159144 |
| Western Union Co.  | 1509 | 14049 |
| WEX, Inc. <sup>(a)</sup> | 61 | 9088 |
|  |  | 503362 |
| **Total Financials** |  | 14955115 |
| **<u>Health Care</u> - 19.5%**  |  |  |
| **Biotechnology - 4.0%** |  |  |
| AbbVie, Inc.  | 4888 | 1116859 |
| Amgen, Inc.  | 1716 | 561664 |
| Biogen, Inc. <sup>(a)</sup> | 596 | 104890 |
| BioMarin Pharmaceutical, Inc. <sup>(a)</sup> | 457 | 27160 |
| CRISPR Therapeutics AG <sup>(a)</sup> | 223 | 11694 |
| Cytokinetics, Inc. <sup>(a)</sup> | 106 | 6735 |
| Gilead Sciences, Inc.  | 4513 | 553926 |
| Incyte Corp. <sup>(a)</sup> | 342 | 33779 |
| Insmed, Inc. <sup>(a)</sup> | 294 | 51168 |
| Ionis Pharmaceuticals, Inc. <sup>(a)</sup> | 347 | 27451 |
| Moderna, Inc. <sup>(a)</sup> | 443 | 13064 |
| Natera, Inc. <sup>(a)</sup> | 87 | 19931 |
| Regeneron Pharmaceuticals, Inc.  | 324 | 250086 |
| Summit Therapeutics, Inc. <sup>(a)</sup> | 247 | 4320 |
| Vaxcyte, Inc. <sup>(a)</sup> | 10 | 461 |
|  |  | 2783188 |
| **Health Care Distributors - 1.3%** |  |  |
| Cardinal Health, Inc.  | 1004 | 206322 |
| Cencora, Inc.  | 781 | 263783 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Henry Schein, Inc. <sup>(a)</sup> | 398 | $30081 |
| McKesson Corp.  | 488 | 400301 |
|  |  | 900487 |
| **Health Care Equipment - 2.0%** |  |  |
| Abbott Laboratories  | 2678 | 335527 |
| Baxter International, Inc.  | 2096 | 40054 |
| Becton Dickinson & Co.  | 1216 | 235989 |
| GE HealthCare Technologies, Inc.  | 1233 | 101131 |
| Globus Medical, Inc. - Class A <sup>(a)</sup> | 27 | 2357 |
| Hologic, Inc. <sup>(a)</sup> | 932 | 69425 |
| Medtronic PLC  | 4750 | 456285 |
| STERIS PLC  | 71 | 18000 |
| Teleflex, Inc.  | 174 | 21235 |
| Zimmer Biomet Holdings, Inc.  | 837 | 75263 |
|  |  | 1355266 |
| **Health Care Facilities - 0.5%** |  |  |
| Encompass Health Corp.  | 184 | 19530 |
| HCA Healthcare, Inc.  | 487 | 227361 |
| Tenet Healthcare Corp. <sup>(a)</sup> | 385 | 76507 |
| Universal Health Services, Inc. - Class B  | 229 | 49926 |
|  |  | 373324 |
| **Health Care Services - 1.4%** |  |  |
| Chemed Corp.  | 27 | 11552 |
| Cigna Group  | 1127 | 310184 |
| CVS Health Corp.  | 5261 | 417513 |
| DaVita, Inc. <sup>(a)</sup> | 164 | 18632 |
| Labcorp Holdings, Inc.  | 354 | 88812 |
| Option Care Health, Inc. <sup>(a)</sup> | 180 | 5735 |
| Quest Diagnostics, Inc.  | 471 | 81733 |
|  |  | 934161 |
| **Health Care Supplies - 0.1%** |  |  |
| Align Technology, Inc. <sup>(a)</sup> | 85 | 13273 |
| Cooper Cos., Inc. <sup>(a)</sup> | 701 | 57454 |
| Dentsply Sirona, Inc.  | 862 | 9853 |
| Solventum Corp. <sup>(a)</sup> | 277 | 21949 |
|  |  | 102529 |
| **Life Sciences Tools & Services - 1.4%** |  |  |
| Agilent Technologies, Inc.  | 324 | 44087 |
| Avantor, Inc. <sup>(a)</sup> | 2763 | 31664 |
| Bio-Rad Laboratories, Inc. - Class A <sup>(a)</sup> | 61 | 18482 |
| Bruker Corp.  | 130 | 6124 |
| Charles River Laboratories International, Inc. <sup>(a)</sup> | 120 | 23938 |
| Danaher Corp.  | 1373 | 314307 |
| ICON PLC <sup>(a)</sup> | 191 | 34804 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Illumina, Inc. <sup>(a)</sup> | 90 | $11804 |
| IQVIA Holdings, Inc. <sup>(a)</sup> | 240 | 54098 |
| QIAGEN NV  | 486 | 21855 |
| Revvity, Inc.  | 470 | 45473 |
| Sotera Health Co. <sup>(a)</sup> | 194 | 3422 |
| Thermo Fisher Scientific, Inc.  | 590 | 341876 |
| Waters Corp. <sup>(a)</sup> | 32 | 12155 |
| West Pharmaceutical Services, Inc.  | 15 | 4127 |
|  |  | 968216 |
| **Managed Health Care - 2.7%** |  |  |
| Centene Corp. <sup>(a)</sup> | 2065 | 84975 |
| Elevance Health, Inc.  | 920 | 322506 |
| Humana, Inc.  | 501 | 128321 |
| Molina Healthcare, Inc. <sup>(a)</sup> | 227 | 39393 |
| UnitedHealth Group, Inc.  | 3806 | 1256399 |
|  |  | 1831594 |
| **Pharmaceuticals - 6.1%** |  |  |
| Bristol-Myers Squibb Co.  | 8613 | 464585 |
| Elanco Animal Health, Inc. <sup>(a)</sup> | 1776 | 40191 |
| Jazz Pharmaceuticals PLC <sup>(a)</sup> | 217 | 36890 |
| Johnson & Johnson  | 8559 | 1771285 |
| Merck & Co., Inc.  | 10588 | 1114493 |
| Organon & Co.  | 1124 | 8059 |
| Perrigo Co. PLC  | 500 | 6960 |
| Pfizer, Inc.  | 23899 | 595085 |
| Royalty Pharma PLC - Class A  | 1526 | 58965 |
| Viatris, Inc.  | 4914 | 61179 |
| Zoetis, Inc.  | 196 | 24661 |
|  |  | 4182353 |
| **Total Health Care** |  | 13431118 |
| **<u>Industrials</u> - 8.6%**  |  |  |
| **Aerospace & Defense - 1.9%** |  |  |
| General Dynamics Corp.  | 560 | 188530 |
| General Electric Co.  | 58 | 17866 |
| Huntington Ingalls Industries, Inc.  | 126 | 42849 |
| L3Harris Technologies, Inc.  | 385 | 113024 |
| Lockheed Martin Corp.  | 907 | 438689 |
| Northrop Grumman Corp.  | 306 | 174484 |
| RTX Corp.  | 1138 | 208709 |
| Textron, Inc.  | 738 | 64331 |
| TransDigm Group, Inc.  | 67 | 89100 |
|  |  | 1337582 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Agricultural & Farm Machinery - 0.2%** |  |  |
| AGCO Corp.  | 232 | $24202 |
| CNH Industrial NV  | 3611 | 33293 |
| Deere & Co.  | 80 | 37246 |
| Toro Co.  | 368 | 28969 |
|  |  | 123710 |
| **Air Freight & Logistics - 1.1%** |  |  |
| CH Robinson Worldwide, Inc.  | 491 | 78933 |
| Expeditors International of Washington, Inc.  | 503 | 74952 |
| FedEx Corp.  | 907 | 261996 |
| GXO Logistics, Inc. <sup>(a)</sup> | 314 | 16529 |
| United Parcel Service, Inc. - Class B  | 3106 | 308084 |
|  |  | 740494 |
| **Building Products - 0.6%** |  |  |
| A O Smith Corp.  | 292 | 19529 |
| Advanced Drainage Systems, Inc.  | 65 | 9414 |
| Allegion PLC  | 68 | 10827 |
| Builders FirstSource, Inc. <sup>(a)</sup> | 455 | 46815 |
| Carlisle Cos., Inc.  | 73 | 23350 |
| Carrier Global Corp.  | 1146 | 60555 |
| Fortune Brands Innovations, Inc.  | 550 | 27511 |
| Johnson Controls International PLC  | 870 | 104182 |
| Masco Corp.  | 521 | 33063 |
| Owens Corning  | 340 | 38049 |
| Simpson Manufacturing Co., Inc.  | 3 | 484 |
| UFP Industries, Inc.  | 231 | 21033 |
|  |  | 394812 |
| **Cargo Ground Transportation - 0.2%** |  |  |
| JB Hunt Transport Services, Inc.  | 196 | 38091 |
| Knight-Swift Transportation Holdings, Inc.  | 666 | 34818 |
| Landstar System, Inc.  | 145 | 20837 |
| Old Dominion Freight Line, Inc.  | 10 | 1568 |
| U-Haul Holding Co.  | 361 | 16873 |
| U-Haul Holding Co. <sup>(a)</sup> | 7 | 353 |
|  |  | 112540 |
| **Construction & Engineering - 0.1%** |  |  |
| AECOM  | 175 | 16683 |
| Everus Construction Group, Inc. <sup>(a)</sup> | 56 | 4791 |
| Fluor Corp. <sup>(a)</sup> | 512 | 20290 |
| MasTec, Inc. <sup>(a)</sup> | 40 | 8695 |
| Valmont Industries, Inc.  | 20 | 8046 |
| WillScot Holdings Corp.  | 179 | 3371 |
|  |  | 61876 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Construction Machinery & Heavy Transportation Equipment - 0.7%** | **Construction Machinery & Heavy Transportation Equipment - 0.7%** |  |
| Allison Transmission Holdings, Inc.  | 324 | $31720 |
| Caterpillar, Inc.  | 123 | 70463 |
| Cummins, Inc.  | 254 | 129654 |
| Oshkosh Corp.  | 255 | 32036 |
| PACCAR, Inc.  | 1701 | 186276 |
| Westinghouse Air Brake Technologies Corp.  | 85 | 18143 |
|  |  | 468292 |
| **Data Processing & Outsourced Services - 0.1%** |  |  |
| Concentrix Corp.  | 221 | 9189 |
| Genpact Ltd.  | 545 | 25495 |
| Maximus, Inc.  | 233 | 20113 |
| SS&C Technologies Holdings, Inc.  | 584 | 51053 |
|  |  | 105850 |
| **Electrical Components & Equipment - 0.3%** |  |  |
| Acuity, Inc.  | 37 | 13322 |
| AMETEK, Inc.  | 19 | 3901 |
| Emerson Electric Co.  | 964 | 127942 |
| Generac Holdings, Inc. <sup>(a)</sup> | 85 | 11591 |
| Regal Rexnord Corp.  | 169 | 23714 |
| Rockwell Automation, Inc.  | 12 | 4669 |
| Sensata Technologies Holding PLC  | 613 | 20407 |
|  |  | 205546 |
| **Environmental & Facilities Services - 0.0%**<sup>(b)</sup> |  |  |
| Veralto Corp.  | 67 | 6685 |
| Waste Management, Inc.  | 50 | 10986 |
|  |  | 17671 |
| **Heavy Electrical Equipment - 0.0%**<sup>(b)</sup> |  |  |
| NuScale Power Corp. <sup>(a)</sup> | 93 | 1318 |
| **Human Resource & Employment Services - 0.1%** |  |  |
| Automatic Data Processing, Inc.  | 4 | 1029 |
| Paychex, Inc.  | 233 | 26138 |
| Robert Half, Inc.  | 418 | 11353 |
| TriNet Group, Inc.  | 128 | 7568 |
|  |  | 46088 |
| **Industrial Conglomerates - 0.7%** |  |  |
| 3M Co.  | 1508 | 241431 |
| Honeywell International, Inc.  | 1167 | 227670 |
|  |  | 469101 |
| **Industrial Machinery & Supplies & Components - 0.8%** |  |  |
| Crane Co.  | 55 | 10144 |
| Donaldson Co., Inc.  | 189 | 16757 |
| Dover Corp.  | 292 | 57010 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Esab Corp.  | 40 | $4469 |
| Flowserve Corp.  | 238 | 16513 |
| Fortive Corp.  | 1011 | 55817 |
| Gates Industrial Corp. PLC <sup>(a)</sup> | 662 | 14213 |
| Graco, Inc.  | 196 | 16066 |
| IDEX Corp.  | 190 | 33809 |
| Illinois Tool Works, Inc.  | 338 | 83249 |
| ITT, Inc.  | 27 | 4685 |
| Lincoln Electric Holdings, Inc.  | 22 | 5272 |
| Middleby Corp. <sup>(a)</sup> | 147 | 21855 |
| Mueller Industries, Inc.  | 228 | 26174 |
| Nordson Corp.  | 97 | 23322 |
| Otis Worldwide Corp.  | 501 | 43762 |
| Pentair PLC  | 238 | 24785 |
| Snap-on, Inc.  | 184 | 63406 |
| Stanley Black & Decker, Inc.  | 616 | 45757 |
| Timken Co.  | 240 | 20191 |
|  |  | 587256 |
| **Passenger Airlines - 0.2%** |  |  |
| Alaska Air Group, Inc. <sup>(a)</sup> | 168 | 8450 |
| American Airlines Group, Inc. <sup>(a)</sup> | 654 | 10026 |
| Delta Air Lines, Inc.  | 674 | 46776 |
| Southwest Airlines Co.  | 231 | 9547 |
| United Airlines Holdings, Inc. <sup>(a)</sup> | 332 | 37124 |
|  |  | 111923 |
| **Rail Transportation - 1.0%** |  |  |
| CSX Corp.  | 3703 | 134234 |
| Norfolk Southern Corp.  | 542 | 156486 |
| Union Pacific Corp.  | 1652 | 382141 |
|  |  | 672861 |
| **Research & Consulting Services - 0.3%** |  |  |
| Amentum Holdings, Inc. <sup>(a)</sup> | 346 | 10034 |
| Booz Allen Hamilton Holding Corp.  | 308 | 25983 |
| CACI International, Inc. - Class A <sup>(a)</sup> | 32 | 17050 |
| Clarivate PLC <sup>(a)</sup> | 1419 | 4739 |
| Equifax, Inc.  | 24 | 5207 |
| FTI Consulting, Inc. <sup>(a)</sup> | 37 | 6321 |
| Jacobs Solutions, Inc.  | 321 | 42520 |
| KBR, Inc.  | 504 | 20261 |
| Leidos Holdings, Inc.  | 327 | 58991 |
| Science Applications International Corp.  | 198 | 19931 |
| TransUnion  | 38 | 3258 |
|  |  | 214295 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Trading Companies & Distributors - 0.3%** |  |  |
| AerCap Holdings NV  | 731 | $105088 |
| Air Lease Corp.  | 434 | 27876 |
| Ferguson Enterprises, Inc.  | 205 | 45639 |
| MSC Industrial Direct Co., Inc. - Class A  | 156 | 13120 |
| SiteOne Landscape Supply, Inc. <sup>(a)</sup> | 5 | 623 |
| United Rentals, Inc.  | 5 | 4047 |
| Watsco, Inc.  | 13 | 4380 |
| WESCO International, Inc.  | 175 | 42812 |
|  |  | 243585 |
| **Total Industrials** |  | 5914800 |
| **<u>Information Technology</u> - 9.8%**  |  |  |
| **Application Software - 0.2%** |  |  |
| Adobe, Inc. <sup>(a)</sup> | 161 | 56348 |
| Dropbox, Inc. - Class A <sup>(a)</sup> | 511 | 14206 |
| Figma, Inc. - Class A <sup>(a)</sup> | 87 | 3251 |
| Pegasystems, Inc.  | 21 | 1254 |
| Strategy, Inc. - Class A <sup>(a)</sup> | 229 | 34797 |
| Trimble, Inc. <sup>(a)</sup> | 47 | 3683 |
| Zoom Communications, Inc. - Class A <sup>(a)</sup> | 635 | 54794 |
|  |  | 168333 |
| **Communications Equipment - 1.0%** |  |  |
| Ciena Corp. <sup>(a)</sup> | 40 | 9355 |
| Cisco Systems, Inc.  | 8446 | 650595 |
| F5, Inc. <sup>(a)</sup> | 15 | 3829 |
| Lumentum Holdings, Inc. <sup>(a)</sup> | 120 | 44231 |
|  |  | 708010 |
| **Electronic Components - 0.2%** |  |  |
| Coherent Corp. <sup>(a)</sup> | 86 | 15873 |
| Corning, Inc.  | 1718 | 150428 |
| Littelfuse, Inc.  | 38 | 9611 |
|  |  | 175912 |
| **Electronic Equipment & Instruments - 0.1%** |  |  |
| Cognex Corp.  | 125 | 4497 |
| Crane NXT Co.  | 156 | 7343 |
| Keysight Technologies, Inc. <sup>(a)</sup> | 110 | 22351 |
| Ralliant Corp.  | 64 | 3258 |
| Vontier Corp.  | 375 | 13943 |
| Zebra Technologies Corp. - Class A <sup>(a)</sup> | 93 | 22582 |
|  |  | 73974 |
| **Electronic Manufacturing Services - 0.3%** |  |  |
| Flex Ltd. <sup>(a)</sup> | 1286 | 77700 |
| Jabil, Inc.  | 132 | 30099 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| TE Connectivity PLC  | 473 | $107612 |
|  |  | 215411 |
| **Internet Services & Infrastructure - 0.1%** |  |  |
| Akamai Technologies, Inc. <sup>(a)</sup> | 518 | 45196 |
| **IT Consulting & Other Services - 1.7%** |  |  |
| Accenture PLC - Class A  | 1185 | 317935 |
| Amdocs Ltd.  | 472 | 38001 |
| Cognizant Technology Solutions Corp. - Class A  | 1816 | 150728 |
| EPAM Systems, Inc. <sup>(a)</sup> | 104 | 21308 |
| Globant SA <sup>(a)</sup> | 44 | 2876 |
| International Business Machines Corp.  | 2064 | 611377 |
| Kyndryl Holdings, Inc. <sup>(a)</sup> | 566 | 15033 |
|  |  | 1157258 |
| **Semiconductor Materials & Equipment - 0.7%** |  |  |
| Amkor Technology, Inc.  | 491 | 19385 |
| Applied Materials, Inc.  | 875 | 224866 |
| Enphase Energy, Inc. <sup>(a)</sup> | 324 | 10384 |
| Entegris, Inc.  | 96 | 8088 |
| Lam Research Corp.  | 450 | 77031 |
| MKS, Inc.  | 253 | 40429 |
| Onto Innovation, Inc. <sup>(a)</sup> | 2 | 316 |
| Qnity Electronics, Inc.  | 788 | 64340 |
| Teradyne, Inc.  | 57 | 11033 |
|  |  | 455872 |
| **Semiconductors - 3.7%** |  |  |
| Analog Devices, Inc.  | 154 | 41765 |
| Cirrus Logic, Inc. <sup>(a)</sup> | 95 | 11257 |
| First Solar, Inc. <sup>(a)</sup> | 111 | 28997 |
| Intel Corp. <sup>(a)</sup> | 6394 | 235939 |
| Microchip Technology, Inc.  | 206 | 13126 |
| Micron Technology, Inc.  | 4731 | 1350275 |
| NXP Semiconductors NV  | 305 | 66203 |
| Qorvo, Inc. <sup>(a)</sup> | 368 | 31100 |
| QUALCOMM, Inc.  | 3290 | 562755 |
| Skyworks Solutions, Inc.  | 657 | 41660 |
| Texas Instruments, Inc.  | 1027 | 178174 |
| Universal Display Corp.  | 3 | 350 |
|  |  | 2561601 |
| **Systems Software - 0.1%** |  |  |
| Dolby Laboratories, Inc. - Class A  | 160 | 10275 |
| Gen Digital, Inc.  | 1201 | 32655 |
| Nebius Group NV <sup>(a)</sup> | 77 | 6445 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Rubrik, Inc. - Class A <sup>(a)</sup> | 266 | $20344 |
|  |  | 69719 |
| **Technology Distributors - 0.2%** |  |  |
| Arrow Electronics, Inc. <sup>(a)</sup> | 219 | 24130 |
| CDW Corp.  | 335 | 45627 |
| TD SYNNEX Corp.  | 314 | 47172 |
|  |  | 116929 |
| **Technology Hardware, Storage & Peripherals - 1.5%** |  |  |
| Dell Technologies, Inc. - Class C  | 1115 | 140356 |
| Hewlett Packard Enterprise Co.  | 5322 | 127835 |
| HP, Inc.  | 3857 | 85934 |
| NetApp, Inc.  | 583 | 62434 |
| Sandisk Corp. <sup>(a)</sup> | 593 | 140766 |
| Seagate Technology Holdings PLC  | 749 | 206267 |
| Western Digital Corp.  | 1442 | 248413 |
|  |  | 1012005 |
| **Total Information Technology** |  | 6760220 |
| **<u>Materials</u> - 3.9%**  |  |  |
| **Aluminum - 0.1%** |  |  |
| Alcoa Corp.  | 1093 | 58082 |
| **Commodity Chemicals - 0.2%** |  |  |
| Dow, Inc.  | 3016 | 70514 |
| LyondellBasell Industries NV - Class A  | 1066 | 46158 |
| Westlake Corp.  | 177 | 13087 |
|  |  | 129759 |
| **Construction Materials - 0.3%** |  |  |
| CRH PLC  | 1612 | 201178 |
| Eagle Materials, Inc.  | 58 | 11987 |
| James Hardie Industries PLC <sup>(a)</sup> | 204 | 4233 |
|  |  | 217398 |
| **Copper - 0.3%** |  |  |
| Freeport-McMoRan, Inc.  | 4733 | 240389 |
| **Fertilizers & Agricultural Chemicals - 0.3%** |  |  |
| CF Industries Holdings, Inc.  | 692 | 53519 |
| Corteva, Inc.  | 1163 | 77956 |
| FMC Corp.  | 472 | 6547 |
| Mosaic Co.  | 1312 | 31606 |
| Scotts Miracle-Gro Co.  | 218 | 12720 |
|  |  | 182348 |
| **Gold - 0.6%** |  |  |
| Newmont Corp.  | 4003 | 399700 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Royal Gold, Inc.  | 119 | $26452 |
|  |  | 426152 |
| **Industrial Gases - 0.3%** |  |  |
| Air Products and Chemicals, Inc.  | 403 | 99549 |
| Linde PLC  | 292 | 124506 |
|  |  | 224055 |
| **Metal, Glass & Plastic Containers - 0.2%** |  |  |
| AptarGroup, Inc.  | 106 | 12928 |
| Ball Corp.  | 1067 | 56519 |
| Crown Holdings, Inc.  | 504 | 51897 |
|  |  | 121344 |
| **Paper & Plastic Packaging Products & Materials - 0.6%** |  |  |
| Amcor PLC  | 9733 | 81173 |
| Avery Dennison Corp.  | 269 | 48926 |
| Graphic Packaging Holding Co.  | 1117 | 16822 |
| International Paper Co.  | 1963 | 77323 |
| Packaging Corp. of America  | 247 | 50939 |
| Sealed Air Corp.  | 551 | 22828 |
| Smurfit WestRock PLC  | 2117 | 81864 |
| Sonoco Products Co.  | 330 | 14401 |
|  |  | 394276 |
| **Specialty Chemicals - 0.5%** |  |  |
| Axalta Coating Systems Ltd. <sup>(a)</sup> | 824 | 26624 |
| Celanese Corp.  | 463 | 19576 |
| DuPont de Nemours, Inc.  | 1572 | 63194 |
| Eastman Chemical Co.  | 521 | 33255 |
| International Flavors & Fragrances, Inc.  | 1001 | 67457 |
| PPG Industries, Inc.  | 962 | 98567 |
| RPM International, Inc.  | 257 | 26728 |
| Sherwin-Williams Co.  | 63 | 20414 |
| Solstice Advanced Materials, Inc. <sup>(a)</sup> | 293 | 14234 |
|  |  | 370049 |
| **Steel - 0.5%** |  |  |
| Cleveland-Cliffs, Inc. <sup>(a)</sup> | 161 | 2138 |
| Commercial Metals Co.  | 448 | 31011 |
| Nucor Corp.  | 894 | 145820 |
| Reliance, Inc.  | 222 | 64129 |
| Steel Dynamics, Inc.  | 558 | 94553 |
|  |  | 337651 |
| **Total Materials** |  | 2701503 |
| **<u>Real Estate</u> - 0.1%**  |  |  |
| **Real Estate Development - 0.0%**<sup>(b)</sup> |  |  |
| Howard Hughes Holdings, Inc. <sup>(a)</sup> | 67 | 5344 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Real Estate Services - 0.1%** |  |  |
| CBRE Group, Inc. - Class A <sup>(a)</sup> | 183 | $29425 |
| Jones Lang LaSalle, Inc. <sup>(a)</sup> | 196 | 65948 |
| Zillow Group, Inc. - Class A <sup>(a)</sup> | 25 | 1706 |
| Zillow Group, Inc. - Class C <sup>(a)</sup> | 74 | 5048 |
|  |  | 102127 |
| **Total Real Estate** |  | 107471 |
| **<u>Utilities</u> - 6.1%**  |  |  |
| **Electric Utilities - 3.8%** |  |  |
| Alliant Energy Corp.  | 855 | 55584 |
| American Electric Power Co., Inc.  | 2101 | 242266 |
| Duke Energy Corp.  | 3285 | 385035 |
| Edison International  | 1628 | 97713 |
| Entergy Corp.  | 1568 | 144930 |
| Evergy, Inc.  | 953 | 69083 |
| Eversource Energy  | 1547 | 104159 |
| Exelon Corp.  | 4212 | 183601 |
| FirstEnergy Corp.  | 2298 | 102881 |
| IDACORP, Inc.  | 187 | 23667 |
| NextEra Energy, Inc.  | 4609 | 370011 |
| NRG Energy, Inc.  | 180 | 28663 |
| OGE Energy Corp.  | 742 | 31683 |
| PG&E Corp.  | 8997 | 144582 |
| Pinnacle West Capital Corp.  | 452 | 40092 |
| Portland General Electric Co.  | 497 | 23851 |
| PPL Corp.  | 2235 | 78270 |
| Southern Co.  | 3307 | 288370 |
| TXNM Energy, Inc.  | 328 | 19313 |
| Xcel Energy, Inc.  | 2450 | 180957 |
|  |  | 2614711 |
| **Gas Utilities - 0.2%** |  |  |
| Atmos Energy Corp.  | 403 | 67555 |
| MDU Resources Group, Inc.  | 716 | 13976 |
| National Fuel Gas Co.  | 345 | 27621 |
| UGI Corp.  | 855 | 32003 |
|  |  | 141155 |
| **Independent Power Producers & Energy Traders - 0.1%** |  |  |
| AES Corp.  | 2850 | 40869 |
| **Multi-Utilities - 1.8%** |  |  |
| Ameren Corp.  | 912 | 91072 |
| Black Hills Corp.  | 309 | 21451 |
| CenterPoint Energy, Inc.  | 2201 | 84386 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| CMS Energy Corp.  | 1082 | $75664 |
| Consolidated Edison, Inc.  | 1506 | 149576 |
| Dominion Energy, Inc.  | 3608 | 211393 |
| DTE Energy Co.  | 777 | 100218 |
| NiSource, Inc.  | 1491 | 62264 |
| Public Service Enterprise Group, Inc.  | 1553 | 124706 |
| Sempra  | 2539 | 224168 |
| WEC Energy Group, Inc.  | 1173 | 123705 |
|  |  | 1268603 |
| **Renewable Electricity - 0.0%**<sup>(b)</sup> |  |  |
| Clearway Energy, Inc. - Class A  | 54 | 1697 |
| Clearway Energy, Inc. - Class C  | 264 | 8780 |
|  |  | 10477 |
| **Water Utilities - 0.2%** |  |  |
| American Water Works Co., Inc.  | 413 | 53896 |
| Essential Utilities, Inc.  | 1188 | 45572 |
|  |  | 99468 |
| **Total Utilities** |  | 4175283 |
| **TOTAL COMMON STOCKS** (Cost $58,751,612) |  | 66878282 |
| **REAL ESTATE INVESTMENT TRUSTS - 2.6%**  |  |  |
| **<u>Financials</u> - 0.2%**  |  |  |
| **Mortgage REITs - 0.2%** |  |  |
| AGNC Investment Corp.  | 4363 | 46771 |
| Annaly Capital Management, Inc.  | 2711 | 60618 |
| Rithm Capital Corp.  | 1977 | 21549 |
| Starwood Property Trust, Inc.  | 1469 | 26457 |
| **Total Financials** |  | 155395 |
| **<u>Real Estate</u> - 2.4%**  |  |  |
| **Diversified REITs - 0.1%** |  |  |
| WP Carey, Inc.  | 858 | 55221 |
| **Health Care REITs - 0.2%** |  |  |
| Alexandria Real Estate Equities, Inc.  | 683 | 33426 |
| Healthcare Realty Trust, Inc.  | 1523 | 25815 |
| Healthpeak Properties, Inc.  | 2439 | 39219 |
| Omega Healthcare Investors, Inc.  | 1246 | 55248 |
|  |  | 153708 |
| **Hotel & Resort REITs - 0.0%**<sup>(b)</sup> |  |  |
| Host Hotels & Resorts, Inc.  | 1104 | 19574 |
| **Industrial REITs - 0.3%** |  |  |
| Americold Realty Trust, Inc.  | 763 | 9812 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| EastGroup Properties, Inc.  | 14 | $2494 |
| First Industrial Realty Trust, Inc.  | 164 | 9392 |
| Prologis, Inc.  | 933 | 119107 |
| Rexford Industrial Realty, Inc.  | 598 | 23155 |
| STAG Industrial, Inc.  | 546 | 20071 |
|  |  | 184031 |
| **Multi-Family Residential REITs - 0.2%** |  |  |
| AvalonBay Communities, Inc.  | 297 | 53849 |
| Camden Property Trust  | 92 | 10128 |
| Equity Residential  | 496 | 31268 |
| Essex Property Trust, Inc.  | 124 | 32448 |
| Mid-America Apartment Communities, Inc.  | 209 | 29032 |
|  |  | 156725 |
| **Office REITs - 0.1%** |  |  |
| BXP, Inc.  | 656 | 44267 |
| Cousins Properties, Inc.  | 707 | 18226 |
| Kilroy Realty Corp.  | 452 | 16891 |
|  |  | 79384 |
| **Other Specialized REITs - 0.3%** |  |  |
| Gaming and Leisure Properties, Inc.  | 1082 | 48354 |
| Lamar Advertising Co. - Class A  | 186 | 23544 |
| VICI Properties, Inc.  | 4465 | 125556 |
|  |  | 197454 |
| **Retail REITs - 0.6%** |  |  |
| Agree Realty Corp.  | 88 | 6339 |
| Brixmor Property Group, Inc.  | 864 | 22654 |
| Federal Realty Investment Trust  | 206 | 20765 |
| Kimco Realty Corp.  | 1781 | 36101 |
| NNN REIT, Inc.  | 865 | 34280 |
| Realty Income Corp.  | 1333 | 75141 |
| Regency Centers Corp.  | 366 | 25265 |
| Simon Property Group, Inc.  | 787 | 145681 |
|  |  | 366226 |
| **Self-Storage REITs - 0.2%** |  |  |
| CubeSmart  | 525 | 18926 |
| Extra Space Storage, Inc.  | 239 | 31123 |
| National Storage Affiliates Trust  | 116 | 3272 |
| Public Storage  | 252 | 65394 |
|  |  | 118715 |
| **Single-Family Residential REITs - 0.1%** |  |  |
| American Homes 4 Rent - Class A  | 352 | 11299 |
| Equity LifeStyle Properties, Inc.  | 212 | 12849 |
| Invitation Homes, Inc.  | 777 | 21593 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 1000 VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Sun Communities, Inc.  | 159 | $19702 |
|  |  | 65443 |
| **Telecom Tower REITs - 0.2%** |  |  |
| American Tower Corp.  | 580 | 101830 |
| Crown Castle, Inc.  | 623 | 55366 |
|  |  | 157196 |
| **Timber REITs - 0.1%** |  |  |
| Rayonier, Inc.  | 637 | 13800 |
| Weyerhaeuser Co.  | 2657 | 62944 |
|  |  | 76744 |
| **Total Real Estate** |  | 1630421 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $1,834,233) | **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $1,834,233) | 1785816 |
| **RIGHTS - 0.0%** <sup>(b)</sup> |  |  |
| Sycamore Partners LLC, Expires 08/28/2026, Exercise Price $3.00 <sup>(a)(c)</sup> | 2903 |  |
| **TOTAL RIGHTS** (Cost $0) |  |  |
| **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 0.2%**  |  |  |
| First American Government Obligations Fund - Class X, 3.67% <sup>(d)</sup> | 142785 | 142785 |
| **TOTAL MONEY MARKET FUNDS** (Cost $142,785) |  | 142785 |
| **TOTAL INVESTMENTS - 99.9% (**Cost $60,728,630**)** |  | $68806883 |
| Other Assets in Excess of Liabilities - 0.1%  |  | 77636 |
| **TOTAL NET ASSETS - 100.0%** |  | $68884519 |

---

Percentages are stated as a percent of net assets.

---

| |
|:---|
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| PLC - Public Limited Company |
| REIT - Real Estate Investment Trust |

---

(a) Non-income producing security.

(b) Represents less than 0.05% of net assets.

(c) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of December 31, 2025.

(d) The rate shown represents the 7-day annualized yield as of December 31, 2025.

The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 500 ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **COMMON STOCKS - 98.3%**  | | |
| **<u>Communication Services</u> - 10.8%**  | |  |
| **Advertising - 0.1%** |  |  |
| Omnicom Group, Inc.  | 5483 | $442752 |
| Trade Desk, Inc. - Class A <sup>(a)</sup> | 7411 | 281322 |
|  |  | 724074 |
| **Broadcasting - 0.0%**<sup>(b)</sup> |  |  |
| Fox Corp. - Class A  | 3567 | 260641 |
| Fox Corp. - Class B  | 1950 | 126613 |
|  |  | 387254 |
| **Cable & Satellite - 0.2%** |  |  |
| Charter Communications, Inc. - Class A <sup>(a)</sup> | 1481 | 309159 |
| Comcast Corp. - Class A  | 66032 | 1973696 |
|  |  | 2282855 |
| **Integrated Telecommunication Services - 0.6%** |  |  |
| AT&T, Inc.  | 124704 | 3097647 |
| Verizon Communications, Inc.  | 67419 | 2745976 |
|  |  | 5843623 |
| **Interactive Home Entertainment - 0.2%** |  |  |
| Electronic Arts, Inc.  | 4658 | 951769 |
| ROBLOX Corp. - Class A <sup>(a)</sup> | 9767 | 791420 |
| Take-Two Interactive Software, Inc. <sup>(a)</sup> | 2917 | 746840 |
|  |  | 2490029 |
| **Interactive Media & Services - 8.1%** |  |  |
| Alphabet, Inc. - Class A  | 100584 | 31482792 |
| Alphabet, Inc. - Class C  | 80741 | 25336526 |
| Meta Platforms, Inc. - Class A  | 37586 | 24810143 |
| Pinterest, Inc. - Class A <sup>(a)</sup> | 9830 | 254499 |
| Reddit, Inc. - Class A <sup>(a)</sup> | 2387 | 548699 |
| Snap, Inc. - Class A <sup>(a)</sup> | 17343 | 139958 |
|  |  | 82572617 |
| **Movies & Entertainment - 1.4%** |  |  |
| Liberty Media Corp.-Liberty Formula One - Class A <sup>(a)</sup> | 255 | 22792 |
| Liberty Media Corp.-Liberty Formula One - Class C <sup>(a)</sup> | 3578 | 352469 |
| Live Nation Entertainment, Inc. <sup>(a)</sup> | 2567 | 365797 |
| Netflix, Inc. <sup>(a)</sup> | 73813 | 6920707 |
| Spotify Technology SA <sup>(a)</sup> | 2332 | 1354216 |
| TKO Group Holdings, Inc.  | 1129 | 235961 |
| Walt Disney Co.  | 31191 | 3548600 |
| Warner Bros Discovery, Inc. <sup>(a)</sup> | 38012 | 1095506 |
| Warner Music Group Corp. - Class A  | 2321 | 71185 |
|  |  | 13967233 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 500 ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Wireless Telecommunication Services - 0.2%** |  |  |
| T-Mobile US, Inc.  | 8233 | $1671628 |
| **Total Communication Services** |  | 109939313 |
| **<u>Consumer Discretionary</u> - 10.4%**  |  |  |
| **Apparel Retail - 0.4%** |  |  |
| Ross Stores, Inc.  | 5568 | 1003020 |
| TJX Cos., Inc.  | 19423 | 2983567 |
|  |  | 3986587 |
| **Apparel, Accessories & Luxury Goods - 0.1%** |  |  |
| Lululemon Athletica, Inc. <sup>(a)</sup> | 1813 | 376759 |
| Tapestry, Inc.  | 3631 | 463933 |
|  |  | 840692 |
| **Automobile Manufacturers - 2.5%** |  |  |
| Ford Motor Co.  | 67967 | 891727 |
| General Motors Co.  | 17257 | 1403339 |
| Rivian Automotive, Inc. - Class A <sup>(a)</sup> | 12826 | 252800 |
| Stellantis NV  | 31686 | 345061 |
| Tesla, Inc. <sup>(a)</sup> | 50484 | 22703665 |
|  |  | 25596592 |
| **Automotive Parts & Equipment - 0.0%**<sup>(b)</sup> |  |  |
| Aptiv PLC <sup>(a)</sup> | 3944 | 300099 |
| **Automotive Retail - 0.3%** |  |  |
| AutoZone, Inc. <sup>(a)</sup> | 319 | 1081888 |
| Carvana Co. <sup>(a)</sup> | 2317 | 977820 |
| O'Reilly Automotive, Inc. <sup>(a)</sup> | 15417 | 1406185 |
|  |  | 3465893 |
| **Broadline Retail - 3.8%** |  |  |
| Amazon.com, Inc. <sup>(a)</sup> | 165645 | 38234179 |
| eBay, Inc.  | 8269 | 720230 |
|  |  | 38954409 |
| **Casinos & Gaming - 0.1%** |  |  |
| DraftKings, Inc. - Class A <sup>(a)</sup> | 8040 | 277059 |
| Las Vegas Sands Corp.  | 5913 | 384877 |
|  |  | 661936 |
| **Computer & Electronics Retail - 0.0%**<sup>(b)</sup> |  |  |
| Best Buy Co., Inc.  | 3359 | 224818 |
| **Consumer Electronics - 0.1%** |  |  |
| Garmin Ltd.  | 2676 | 542827 |
| **Distributors - 0.0%**<sup>(b)</sup> |  |  |
| Genuine Parts Co.  | 2363 | 290555 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 500 ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Footwear - 0.2%** |  |  |
| Deckers Outdoor Corp. <sup>(a)</sup> | 2826 | $292972 |
| NIKE, Inc. - Class B  | 20109 | 1281144 |
|  |  | 1574116 |
| **Home Improvement Retail - 0.8%** |  |  |
| Home Depot, Inc.  | 17540 | 6035514 |
| Lowe's Cos., Inc.  | 9806 | 2364815 |
|  |  | 8400329 |
| **Homebuilding - 0.2%** |  |  |
| DR Horton, Inc.  | 4906 | 706611 |
| Lennar Corp. - Class A  | 3703 | 380668 |
| Lennar Corp. - Class B  | 109 | 10368 |
| NVR, Inc. <sup>(a)</sup> | 48 | 350053 |
| PulteGroup, Inc.  | 3472 | 407127 |
|  |  | 1854827 |
| **Homefurnishing Retail - 0.0%**<sup>(b)</sup> |  |  |
| Williams-Sonoma, Inc.  | 1985 | 354501 |
| **Hotels, Resorts & Cruise Lines - 0.9%** |  |  |
| Airbnb, Inc. - Class A <sup>(a)</sup> | 6479 | 879330 |
| Booking Holdings, Inc.  | 578 | 3095381 |
| Carnival Corp. <sup>(a)</sup> | 16923 | 516828 |
| Expedia Group, Inc.  | 2312 | 655013 |
| Hilton Worldwide Holdings, Inc.  | 4081 | 1172267 |
| Marriott International, Inc. - Class A  | 3808 | 1181394 |
| Royal Caribbean Cruises Ltd.  | 4000 | 1115680 |
| Viking Holdings Ltd. <sup>(a)</sup> | 3057 | 218300 |
|  |  | 8834193 |
| **Other Specialty Retail - 0.1%** |  |  |
| Tractor Supply Co.  | 9286 | 464393 |
| Ulta Beauty, Inc. <sup>(a)</sup> | 752 | 454967 |
|  |  | 919360 |
| **Restaurants - 0.9%** |  |  |
| Chipotle Mexican Grill, Inc. <sup>(a)</sup> | 23830 | 881710 |
| Darden Restaurants, Inc.  | 1903 | 350190 |
| Domino's Pizza, Inc.  | 623 | 259679 |
| DoorDash, Inc. - Class A <sup>(a)</sup> | 6072 | 1375186 |
| McDonald's Corp.  | 12433 | 3799898 |
| Starbucks Corp.  | 19336 | 1628285 |
| Yum! Brands, Inc.  | 4784 | 723723 |
|  |  | 9018671 |
| **Total Consumer Discretionary** |  | 105820405 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 500 ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **<u>Consumer Staples</u> - 4.6%**  | |  |
| **Agricultural Products & Services - 0.0%**<sup>(b)</sup> |  |  |
| Archer-Daniels-Midland Co.  | 8191 | $470901 |
| **Consumer Staples Merchandise Retail - 1.6%** |  |  |
| Costco Wholesale Corp.  | 7772 | 6702106 |
| Dollar General Corp.  | 3728 | 494967 |
| Dollar Tree, Inc. <sup>(a)</sup> | 3116 | 383299 |
| Target Corp.  | 7902 | 772421 |
| Walmart, Inc.  | 74912 | 8345946 |
|  |  | 16698739 |
| **Distillers & Vintners - 0.1%** |  |  |
| Brown-Forman Corp. - Class A  | 526 | 13839 |
| Brown-Forman Corp. - Class B  | 5012 | 130613 |
| Constellation Brands, Inc. - Class A  | 2612 | 360351 |
|  |  | 504803 |
| **Food Distributors - 0.1%** |  |  |
| Sysco Corp.  | 8342 | 614722 |
| **Food Retail - 0.1%** |  |  |
| Kroger Co.  | 11573 | 723081 |
| **Household Products - 0.8%** |  |  |
| Church & Dwight Co., Inc.  | 4140 | 347139 |
| Clorox Co.  | 2009 | 202567 |
| Colgate-Palmolive Co.  | 14140 | 1117343 |
| Kimberly-Clark Corp.  | 5734 | 578503 |
| Procter & Gamble Co.  | 40779 | 5844039 |
|  |  | 8089591 |
| **Packaged Foods & Meats - 0.3%** |  |  |
| General Mills, Inc.  | 9634 | 447981 |
| Hershey Co.  | 2473 | 450036 |
| Hormel Foods Corp.  | 4850 | 114945 |
| Kraft Heinz Co.  | 14975 | 363144 |
| McCormick & Co., Inc.  | 4265 | 290489 |
| Mondelez International, Inc. - Class A  | 23442 | 1261883 |
| Tyson Foods, Inc. - Class A  | 4805 | 281669 |
|  |  | 3210147 |
| **Personal Care Products - 0.1%** |  |  |
| Estee Lauder Cos., Inc. - Class A  | 3676 | 384951 |
| Kenvue, Inc.  | 33384 | 575874 |
|  |  | 960825 |
| **Soft Drinks & Non-alcoholic Beverages - 0.9%** |  |  |
| Coca-Cola Co.  | 61210 | 4279191 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 500 ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Keurig Dr Pepper, Inc.  | 19592 | $548772 |
| Monster Beverage Corp. <sup>(a)</sup> | 12568 | 963589 |
| PepsiCo, Inc.  | 23843 | 3421947 |
|  |  | 9213499 |
| **Tobacco - 0.6%** |  |  |
| Altria Group, Inc.  | 29421 | 1696415 |
| Philip Morris International, Inc.  | 26984 | 4328233 |
|  |  | 6024648 |
| **Total Consumer Staples** |  | 46510956 |
| **<u>Energy</u> - 2.9%**  |  |  |
| **Integrated Oil & Gas - 1.4%** |  |  |
| Chevron Corp.  | 33670 | 5131645 |
| Exxon Mobil Corp.  | 73727 | 8872307 |
| Occidental Petroleum Corp.  | 11697 | 480981 |
|  |  | 14484933 |
| **Oil & Gas Equipment & Services - 0.2%** |  |  |
| Baker Hughes Co.  | 17047 | 776321 |
| Halliburton Co.  | 14136 | 399483 |
| SLB Ltd.  | 26140 | 1003253 |
|  |  | 2179057 |
| **Oil & Gas Exploration & Production - 0.6%** |  |  |
| ConocoPhillips  | 22378 | 2094804 |
| Coterra Energy, Inc.  | 12320 | 324262 |
| Devon Energy Corp.  | 11242 | 411794 |
| Diamondback Energy, Inc.  | 3218 | 483762 |
| EOG Resources, Inc.  | 9798 | 1028888 |
| EQT Corp.  | 10685 | 572716 |
| Expand Energy Corp.  | 3813 | 420803 |
| Texas Pacific Land Corp.  | 930 | 267115 |
| Venture Global, Inc. - Class A  | 1185 | 8082 |
|  |  | 5612226 |
| **Oil & Gas Refining & Marketing - 0.3%** |  |  |
| Marathon Petroleum Corp.  | 5530 | 899344 |
| Phillips 66  | 7376 | 951799 |
| Valero Energy Corp.  | 5448 | 886880 |
|  |  | 2738023 |
| **Oil & Gas Storage & Transportation - 0.4%** |  |  |
| Cheniere Energy, Inc.  | 3661 | 711662 |
| Kinder Morgan, Inc.  | 33295 | 915280 |
| ONEOK, Inc.  | 10114 | 743379 |
| Targa Resources Corp.  | 3647 | 672871 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 500 ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Williams Cos., Inc.  | 21012 | $1263031 |
|  |  | 4306223 |
| **Total Energy** |  | 29320462 |
| **<u>Financials</u> - 13.2%**  |  |  |
| **Asset Management & Custody Banks - 1.1%** |  |  |
| Ameriprise Financial, Inc.  | 1579 | 774247 |
| Ares Management Corp. - Class A  | 3527 | 570069 |
| Bank of New York Mellon Corp.  | 12559 | 1457974 |
| Blackrock, Inc.  | 2469 | 2642670 |
| Blackstone, Inc.  | 12408 | 1912569 |
| Blue Owl Capital, Inc. - Class A  | 9763 | 145859 |
| Carlyle Group, Inc.  | 4565 | 269837 |
| KKR & Co., Inc.  | 11633 | 1482975 |
| Northern Trust Corp.  | 3243 | 442961 |
| State Street Corp.  | 4822 | 622086 |
| T Rowe Price Group, Inc.  | 3683 | 377066 |
| TPG, Inc.  | 1340 | 85546 |
|  |  | 10783859 |
| **Commercial & Residential Mortgage Finance - 0.0%**<sup>(b)</sup> |  |  |
| Rocket Cos., Inc. - Class A  | 16307 | 315703 |
| **Consumer Finance - 0.7%** |  |  |
| American Express Co.  | 8709 | 3221895 |
| Capital One Financial Corp.  | 11223 | 2720006 |
| SoFi Technologies, Inc. <sup>(a)</sup> | 19442 | 508992 |
| Synchrony Financial  | 7001 | 584093 |
|  |  | 7034986 |
| **Diversified Banks - 3.4%** |  |  |
| Bank of America Corp.  | 118343 | 6508865 |
| Citigroup, Inc.  | 32275 | 3766170 |
| Fifth Third Bancorp  | 11699 | 547630 |
| First Citizens BancShares, Inc. - Class A  | 166 | 356266 |
| JPMorgan Chase & Co.  | 47122 | 15183651 |
| PNC Financial Services Group, Inc.  | 6729 | 1404544 |
| US Bancorp  | 26799 | 1429995 |
| Wells Fargo & Co.  | 55426 | 5165703 |
|  |  | 34362824 |
| **Diversified Financial Services - 0.1%** |  |  |
| Apollo Global Management, Inc.  | 6987 | 1011438 |
| Corebridge Financial, Inc.  | 4317 | 130244 |
|  |  | 1141682 |
| **Financial Exchanges & Data - 1.0%** |  |  |
| Cboe Global Markets, Inc.  | 1699 | 426449 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 500 ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| CME Group, Inc.  | 6304 | $1721496 |
| Coinbase Global, Inc. - Class A <sup>(a)</sup> | 3516 | 795108 |
| FactSet Research Systems, Inc.  | 619 | 179628 |
| Intercontinental Exchange, Inc.  | 9903 | 1603890 |
| Moody's Corp.  | 2645 | 1351198 |
| MSCI, Inc.  | 1236 | 709130 |
| Nasdaq, Inc.  | 7928 | 770047 |
| S&P Global, Inc.  | 5476 | 2861703 |
| Tradeweb Markets, Inc. - Class A  | 1882 | 202390 |
|  |  | 10621039 |
| **Insurance Brokers - 0.5%** |  |  |
| Aon PLC - Class A  | 3536 | 1247784 |
| Arthur J Gallagher & Co.  | 4257 | 1101669 |
| Brown & Brown, Inc.  | 4014 | 319916 |
| Marsh & McLennan Cos., Inc.  | 8449 | 1567458 |
| Willis Towers Watson PLC  | 1636 | 537590 |
|  |  | 4774417 |
| **Investment Banking & Brokerage - 1.4%** |  |  |
| Charles Schwab Corp.  | 29836 | 2980915 |
| Goldman Sachs Group, Inc.  | 5346 | 4699134 |
| Interactive Brokers Group, Inc. - Class A  | 6334 | 407340 |
| LPL Financial Holdings, Inc.  | 1420 | 507181 |
| Morgan Stanley  | 21370 | 3793816 |
| Raymond James Financial, Inc.  | 3142 | 504574 |
| Robinhood Markets, Inc. - Class A <sup>(a)</sup> | 13003 | 1470639 |
|  |  | 14363599 |
| **Life & Health Insurance - 0.3%** |  |  |
| Aflac, Inc.  | 9777 | 1078110 |
| MetLife, Inc.  | 10254 | 809450 |
| Principal Financial Group, Inc.  | 3852 | 339785 |
| Prudential Financial, Inc.  | 6092 | 687665 |
|  |  | 2915010 |
| **Multi-Sector Holdings - 1.2%** |  |  |
| Berkshire Hathaway, Inc. - Class B <sup>(a)</sup> | 23388 | 11755978 |
| **Property & Casualty Insurance - 1.0%** |  |  |
| Allstate Corp.  | 4397 | 915236 |
| American International Group, Inc.  | 10735 | 918379 |
| Arch Capital Group Ltd. <sup>(a)</sup> | 6106 | 585688 |
| Chubb Ltd.  | 6406 | 1999441 |
| Cincinnati Financial Corp.  | 2539 | 414669 |
| Erie Indemnity Co. - Class A  | 470 | 134725 |
| Hartford Insurance Group, Inc.  | 4996 | 688449 |
| Loews Corp.  | 2874 | 302661 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 500 ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Markel Group, Inc. <sup>(a)</sup> | 204 | $438529 |
| Progressive Corp.  | 10123 | 2305210 |
| Travelers Cos., Inc.  | 4142 | 1201428 |
| W R Berkley Corp.  | 4736 | 332088 |
|  |  | 10236503 |
| **Regional Banks - 0.3%** |  |  |
| Citizens Financial Group, Inc.  | 7434 | 434220 |
| Huntington Bancshares, Inc.  | 24195 | 419783 |
| M&T Bank Corp.  | 2817 | 567569 |
| Regions Financial Corp.  | 16157 | 437855 |
| Truist Financial Corp.  | 23109 | 1137194 |
|  |  | 2996621 |
| **Transaction & Payment Processing Services - 2.2%** |  |  |
| Affirm Holdings, Inc. <sup>(a)</sup> | 4432 | 329874 |
| Block, Inc. <sup>(a)</sup> | 9455 | 615426 |
| Corpay, Inc. <sup>(a)</sup> | 1098 | 330421 |
| Fidelity National Information Services, Inc.  | 9297 | 617879 |
| Fiserv, Inc. <sup>(a)</sup> | 9966 | 669416 |
| Global Payments, Inc.  | 4275 | 330885 |
| Mastercard, Inc. - Class A  | 14188 | 8099645 |
| PayPal Holdings, Inc.  | 17310 | 1010558 |
| Toast, Inc. - Class A <sup>(a)</sup> | 7707 | 273675 |
| Visa, Inc. - Class A  | 29525 | 10354713 |
|  |  | 22632492 |
| **Total Financials** |  | 133934713 |
| **<u>Health Care</u> - 9.8%**  |  |  |
| **Biotechnology - 1.9%** |  |  |
| AbbVie, Inc.  | 30826 | 7043433 |
| Alnylam Pharmaceuticals, Inc. <sup>(a)</sup> | 2311 | 918969 |
| Amgen, Inc.  | 9290 | 3040710 |
| Biogen, Inc. <sup>(a)</sup> | 2442 | 429767 |
| Gilead Sciences, Inc.  | 21673 | 2660144 |
| Incyte Corp. <sup>(a)</sup> | 2887 | 285149 |
| Insmed, Inc. <sup>(a)</sup> | 3298 | 573984 |
| Moderna, Inc. <sup>(a)</sup> | 5412 | 159600 |
| Natera, Inc. <sup>(a)</sup> | 2032 | 465511 |
| Regeneron Pharmaceuticals, Inc.  | 1773 | 1368525 |
| Vertex Pharmaceuticals, Inc. <sup>(a)</sup> | 4527 | 2052361 |
|  |  | 18998153 |
| **Health Care Distributors - 0.4%** |  |  |
| Cardinal Health, Inc.  | 4069 | 836179 |
| Cencora, Inc.  | 2968 | 1002442 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 500 ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| McKesson Corp.  | 2213 | $1815302 |
|  |  | 3653923 |
| **Health Care Equipment - 2.0%** |  |  |
| Abbott Laboratories  | 30477 | 3818463 |
| Baxter International, Inc.  | 8140 | 155555 |
| Becton Dickinson & Co.  | 5025 | 975202 |
| Boston Scientific Corp. <sup>(a)</sup> | 26454 | 2522389 |
| Dexcom, Inc. <sup>(a)</sup> | 6636 | 440431 |
| Edwards Lifesciences Corp. <sup>(a)</sup> | 10040 | 855910 |
| GE HealthCare Technologies, Inc.  | 7865 | 645087 |
| Hologic, Inc. <sup>(a)</sup> | 3419 | 254681 |
| IDEXX Laboratories, Inc. <sup>(a)</sup> | 1323 | 895049 |
| Insulet Corp. <sup>(a)</sup> | 1517 | 431192 |
| Intuitive Surgical, Inc. <sup>(a)</sup> | 6114 | 3462725 |
| Medtronic PLC  | 22258 | 2138104 |
| ResMed, Inc.  | 2456 | 591577 |
| STERIS PLC  | 1605 | 406900 |
| Stryker Corp.  | 5927 | 2083163 |
| Zimmer Biomet Holdings, Inc.  | 4317 | 388185 |
|  |  | 20064613 |
| **Health Care Facilities - 0.1%** |  |  |
| HCA Healthcare, Inc.  | 2832 | 1322148 |
| **Health Care Services - 0.4%** |  |  |
| Cigna Group  | 4911 | 1351654 |
| CVS Health Corp.  | 21822 | 1731794 |
| Labcorp Holdings, Inc.  | 1383 | 346967 |
| Quest Diagnostics, Inc.  | 2377 | 412481 |
|  |  | 3842896 |
| **Health Care Supplies - 0.0%**<sup>(b)</sup> |  |  |
| Align Technology, Inc. <sup>(a)</sup> | 1232 | 192377 |
| Cooper Cos., Inc. <sup>(a)</sup> | 3382 | 277189 |
|  |  | 469566 |
| **Life Sciences Tools & Services - 0.9%** |  |  |
| Agilent Technologies, Inc.  | 4913 | 668512 |
| Danaher Corp.  | 11329 | 2593435 |
| ICON PLC <sup>(a)</sup> | 1338 | 243810 |
| Illumina, Inc. <sup>(a)</sup> | 2591 | 339836 |
| IQVIA Holdings, Inc. <sup>(a)</sup> | 3029 | 682767 |
| Mettler-Toledo International, Inc. <sup>(a)</sup> | 339 | 472630 |
| Thermo Fisher Scientific, Inc.  | 6654 | 3855660 |
| Waters Corp. <sup>(a)</sup> | 966 | 366916 |
| West Pharmaceutical Services, Inc.  | 1175 | 323289 |
|  |  | 9546855 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 500 ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Managed Health Care - 0.7%** |  |  |
| Centene Corp. <sup>(a)</sup> | 9250 | $380638 |
| Elevance Health, Inc.  | 3924 | 1375558 |
| Humana, Inc.  | 1941 | 497148 |
| UnitedHealth Group, Inc.  | 15908 | 5251390 |
|  |  | 7504734 |
| **Pharmaceuticals - 3.4%** |  |  |
| Bristol-Myers Squibb Co.  | 35192 | 1898257 |
| Eli Lilly & Co.  | 14761 | 15863352 |
| Johnson & Johnson  | 41896 | 8670377 |
| Merck & Co., Inc.  | 43977 | 4629019 |
| Pfizer, Inc.  | 97967 | 2439378 |
| Royalty Pharma PLC - Class A  | 5908 | 228285 |
| Zoetis, Inc.  | 7231 | 909804 |
|  |  | 34638472 |
| **Total Health Care** |  | 100041360 |
| **<u>Industrials</u> - 8.2%**  |  |  |
| **Aerospace & Defense - 2.3%** |  |  |
| Axon Enterprise, Inc. <sup>(a)</sup> | 1416 | 804189 |
| Boeing Co. <sup>(a)</sup> | 13588 | 2950226 |
| General Dynamics Corp.  | 4215 | 1419022 |
| General Electric Co.  | 17627 | 5429645 |
| HEICO Corp.  | 688 | 222630 |
| HEICO Corp. - Class A  | 1370 | 345829 |
| Howmet Aerospace, Inc.  | 6977 | 1430424 |
| L3Harris Technologies, Inc.  | 2989 | 877481 |
| Lockheed Martin Corp.  | 3989 | 1929360 |
| Northrop Grumman Corp.  | 2514 | 1433508 |
| Rocket Lab Corp. <sup>(a)</sup> | 7824 | 545802 |
| RTX Corp.  | 23235 | 4261299 |
| TransDigm Group, Inc.  | 975 | 1296604 |
|  |  | 22946019 |
| **Agricultural & Farm Machinery - 0.2%** |  |  |
| Deere & Co.  | 4530 | 2109032 |
| **Air Freight & Logistics - 0.3%** |  |  |
| Expeditors International of Washington, Inc.  | 2440 | 363584 |
| FedEx Corp.  | 3752 | 1083803 |
| United Parcel Service, Inc. - Class B  | 12679 | 1257630 |
|  |  | 2705017 |
| **Building Products - 0.4%** |  |  |
| Builders FirstSource, Inc. <sup>(a)</sup> | 1835 | 188803 |
| Carrier Global Corp.  | 14325 | 756933 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 500 ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Johnson Controls International PLC  | 11736 | $1405386 |
| Lennox International, Inc.  | 522 | 253473 |
| Masco Corp.  | 3332 | 211449 |
| Trane Technologies PLC  | 4066 | 1582487 |
|  |  | 4398531 |
| **Cargo Ground Transportation - 0.1%** |  |  |
| JB Hunt Transport Services, Inc.  | 1292 | 251087 |
| Old Dominion Freight Line, Inc.  | 3479 | 545507 |
|  |  | 796594 |
| **Construction & Engineering - 0.2%** |  |  |
| Comfort Systems USA, Inc.  | 623 | 581439 |
| EMCOR Group, Inc.  | 791 | 483926 |
| Quanta Services, Inc.  | 2532 | 1068656 |
|  |  | 2134021 |
| **Construction Machinery & Heavy Transportation Equipment - 0.7%** |  |  |
| Caterpillar, Inc.  | 8124 | 4653996 |
| Cummins, Inc.  | 2405 | 1227632 |
| PACCAR, Inc.  | 9873 | 1081192 |
| Westinghouse Air Brake Technologies Corp.  | 2797 | 597020 |
|  |  | 7559840 |
| **Data Processing & Outsourced Services - 0.1%** |  |  |
| Broadridge Financial Solutions, Inc.  | 1892 | 422238 |
| SS&C Technologies Holdings, Inc.  | 3660 | 319957 |
|  |  | 742195 |
| **Diversified Support Services - 0.2%** |  |  |
| Cintas Corp.  | 5898 | 1109237 |
| Copart, Inc. <sup>(a)</sup> | 15284 | 598368 |
|  |  | 1707605 |
| **Electrical Components & Equipment - 0.6%** |  |  |
| AMETEK, Inc.  | 4003 | 821856 |
| Eaton Corp. PLC  | 6942 | 2211096 |
| Emerson Electric Co.  | 9017 | 1196736 |
| Hubbell, Inc.  | 872 | 387264 |
| Rockwell Automation, Inc.  | 2014 | 783587 |
| Vertiv Holdings Co. - Class A  | 6298 | 1020339 |
|  |  | 6420878 |
| **Environmental & Facilities Services - 0.3%** |  |  |
| Republic Services, Inc.  | 3464 | 734126 |
| Rollins, Inc.  | 4931 | 295959 |
| Veralto Corp.  | 4022 | 401315 |
| Waste Management, Inc.  | 6982 | 1534015 |
|  |  | 2965415 |
| **Heavy Electrical Equipment - 0.3%** |  |  |
| GE Vernova, Inc.  | 4793 | 3132561 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 500 ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Human Resource & Employment Services - 0.2%** |  |  |
| Automatic Data Processing, Inc.  | 7061 | $1816301 |
| Paychex, Inc.  | 5555 | 623160 |
|  |  | 2439461 |
| **Industrial Conglomerates - 0.4%** |  |  |
| 3M Co.  | 9480 | 1517748 |
| Honeywell International, Inc.  | 11203 | 2185593 |
|  |  | 3703341 |
| **Industrial Machinery & Supplies & Components - 0.6%** |  |  |
| Dover Corp.  | 2384 | 465452 |
| Fortive Corp.  | 5938 | 327837 |
| IDEX Corp.  | 1139 | 202674 |
| Illinois Tool Works, Inc.  | 4862 | 1197511 |
| Ingersoll Rand, Inc.  | 7005 | 554936 |
| Otis Worldwide Corp.  | 7057 | 616429 |
| Parker-Hannifin Corp.  | 2235 | 1964476 |
| Symbotic, Inc. <sup>(a)</sup> | 305 | 18147 |
| Xylem, Inc.  | 4100 | 558338 |
|  |  | 5905800 |
| **Passenger Airlines - 0.0%**<sup>(b)</sup> |  |  |
| Delta Air Lines, Inc.  | 2618 | 181689 |
| Southwest Airlines Co.  | 2490 | 102912 |
| United Airlines Holdings, Inc. <sup>(a)</sup> | 1341 | 149951 |
|  |  | 434552 |
| **Passenger Ground Transportation - 0.3%** |  |  |
| Grab Holdings Ltd. - Class A <sup>(a)</sup> | 47419 | 236621 |
| Uber Technologies, Inc. <sup>(a)</sup> | 36558 | 2987154 |
|  |  | 3223775 |
| **Rail Transportation - 0.5%** |  |  |
| CSX Corp.  | 33637 | 1219341 |
| Norfolk Southern Corp.  | 4218 | 1217821 |
| Union Pacific Corp.  | 10321 | 2387454 |
|  |  | 4824616 |
| **Research & Consulting Services - 0.2%** |  |  |
| Booz Allen Hamilton Holding Corp.  | 2047 | 172685 |
| Equifax, Inc.  | 2011 | 436347 |
| Jacobs Solutions, Inc.  | 1999 | 264788 |
| Leidos Holdings, Inc.  | 2349 | 423760 |
| TransUnion  | 3314 | 284175 |
| Verisk Analytics, Inc.  | 2434 | 544461 |
|  |  | 2126216 |
| **Trading Companies & Distributors - 0.3%** |  |  |
| Fastenal Co.  | 21905 | 879048 |
| Ferguson Enterprises, Inc.  | 3379 | 752267 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 500 ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| United Rentals, Inc.  | 1060 | $857879 |
| Watsco, Inc.  | 566 | 190714 |
| WW Grainger, Inc.  | 825 | 832466 |
|  |  | 3512374 |
| **Total Industrials** |  | 83787843 |
| **<u>Information Technology</u> - 34.3%** <sup>(c)</sup> |  |  |
| **Application Software - 3.0%** |  |  |
| Adobe, Inc. <sup>(a)</sup> | 7536 | 2637525 |
| AppLovin Corp. - Class A <sup>(a)</sup> | 4352 | 2932465 |
| Atlassian Corp. - Class A <sup>(a)</sup> | 2759 | 447344 |
| Autodesk, Inc. <sup>(a)</sup> | 3762 | 1113590 |
| Bentley Systems, Inc. - Class B  | 3299 | 125906 |
| Cadence Design Systems, Inc. <sup>(a)</sup> | 4672 | 1460374 |
| Circle Internet Group, Inc. <sup>(a)</sup> | 594 | 47104 |
| Datadog, Inc. - Class A <sup>(a)</sup> | 5089 | 692053 |
| Fair Isaac Corp. <sup>(a)</sup> | 437 | 738801 |
| Figma, Inc. - Class A <sup>(a)</sup> | 755 | 28214 |
| HubSpot, Inc. <sup>(a)</sup> | 810 | 325053 |
| Intuit, Inc.  | 4750 | 3146495 |
| Nutanix, Inc. - Class A <sup>(a)</sup> | 4623 | 238963 |
| Palantir Technologies, Inc. - Class A <sup>(a)</sup> | 38069 | 6766765 |
| PTC, Inc. <sup>(a)</sup> | 1844 | 321243 |
| Roper Technologies, Inc.  | 1976 | 879577 |
| Salesforce, Inc.  | 16286 | 4314324 |
| Samsara, Inc. - Class A <sup>(a)</sup> | 6045 | 214295 |
| Strategy, Inc. - Class A <sup>(a)</sup> | 4358 | 662198 |
| Synopsys, Inc. <sup>(a)</sup> | 3111 | 1461299 |
| Trimble, Inc. <sup>(a)</sup> | 4140 | 324369 |
| Tyler Technologies, Inc. <sup>(a)</sup> | 856 | 388581 |
| Workday, Inc. - Class A <sup>(a)</sup> | 3575 | 767839 |
| Zoom Communications, Inc. - Class A <sup>(a)</sup> | 4048 | 349302 |
|  |  | 30383679 |
| **Communications Equipment - 0.8%** |  |  |
| Arista Networks, Inc. <sup>(a)</sup> | 18138 | 2376622 |
| Cisco Systems, Inc.  | 63055 | 4857127 |
| Motorola Solutions, Inc.  | 2878 | 1103195 |
|  |  | 8336944 |
| **Electronic Components - 0.4%** |  |  |
| Amphenol Corp. - Class A  | 20912 | 2826048 |
| Corning, Inc.  | 13468 | 1179258 |
|  |  | 4005306 |
| **Electronic Equipment & Instruments - 0.1%** |  |  |
| Keysight Technologies, Inc. <sup>(a)</sup> | 2950 | 599410 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 500 ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Teledyne Technologies, Inc. <sup>(a)</sup> | 929 | $474468 |
| Zebra Technologies Corp. - Class A <sup>(a)</sup> | 1197 | 290656 |
|  |  | 1364534 |
| **Electronic Manufacturing Services - 0.2%** |  |  |
| Jabil, Inc.  | 1840 | 419557 |
| TE Connectivity PLC  | 5091 | 1158253 |
|  |  | 1577810 |
| **Internet Services & Infrastructure - 0.4%** |  |  |
| Cloudflare, Inc. - Class A <sup>(a)</sup> | 4964 | 978653 |
| CoreWeave, Inc. - Class A <sup>(a)</sup> | 4972 | 356045 |
| GoDaddy, Inc. - Class A <sup>(a)</sup> | 2412 | 299281 |
| MongoDB, Inc. <sup>(a)</sup> | 1383 | 580431 |
| Okta, Inc. <sup>(a)</sup> | 2558 | 221190 |
| Snowflake, Inc. - Class A <sup>(a)</sup> | 5451 | 1195731 |
| Twilio, Inc. - Class A <sup>(a)</sup> | 2419 | 344079 |
| VeriSign, Inc.  | 1335 | 324338 |
|  |  | 4299748 |
| **IT Consulting & Other Services - 0.8%** |  |  |
| Accenture PLC - Class A  | 10883 | 2919909 |
| Cognizant Technology Solutions Corp. - Class A  | 8510 | 706330 |
| Gartner, Inc. <sup>(a)</sup> | 1225 | 309043 |
| International Business Machines Corp.  | 15831 | 4689300 |
|  |  | 8624582 |
| **Semiconductor Materials & Equipment - 1.1%** |  |  |
| Applied Materials, Inc.  | 13790 | 3543892 |
| KLA Corp.  | 2337 | 2839642 |
| Lam Research Corp.  | 22286 | 3814917 |
| Qnity Electronics, Inc.  | 3175 | 259239 |
| Teradyne, Inc.  | 2803 | 542549 |
|  |  | 11000239 |
| **Semiconductors - 12.8%** |  |  |
| Advanced Micro Devices, Inc. <sup>(a)</sup> | 28135 | 6025392 |
| Analog Devices, Inc.  | 8494 | 2303573 |
| Astera Labs, Inc. <sup>(a)</sup> | 2316 | 385290 |
| Broadcom, Inc.  | 80529 | 27871087 |
| First Solar, Inc. <sup>(a)</sup> | 1664 | 434687 |
| GlobalFoundries, Inc. <sup>(a)</sup> | 1715 | 59888 |
| Intel Corp. <sup>(a)</sup> | 68407 | 2524218 |
| Marvell Technology, Inc.  | 14970 | 1272151 |
| Microchip Technology, Inc.  | 9243 | 588964 |
| Micron Technology, Inc.  | 19324 | 5515263 |
| Monolithic Power Systems, Inc.  | 768 | 696084 |
| NVIDIA Corp.  | 404707 | 75477855 |
| NXP Semiconductors NV  | 4117 | 893636 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 500 ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| ON Semiconductor Corp. <sup>(a)</sup> | 7274 | $393887 |
| QUALCOMM, Inc.  | 19108 | 3268423 |
| Texas Instruments, Inc.  | 15762 | 2734549 |
|  |  | 130444947 |
| **Systems Software - 7.5%** |  |  |
| Crowdstrike Holdings, Inc. - Class A <sup>(a)</sup> | 4172 | 1955667 |
| CyberArk Software Ltd. <sup>(a)</sup> | 886 | 395209 |
| Fortinet, Inc. <sup>(a)</sup> | 10918 | 866998 |
| Microsoft Corp.  | 128901 | 62339101 |
| Oracle Corp.  | 28630 | 5580273 |
| Palo Alto Networks, Inc. <sup>(a)</sup> | 11180 | 2059356 |
| ServiceNow, Inc. <sup>(a)</sup> | 18077 | 2769216 |
| Zscaler, Inc. <sup>(a)</sup> | 1554 | 349526 |
|  |  | 76315346 |
| **Technology Distributors - 0.0%**<sup>(b)</sup> |  |  |
| CDW Corp.  | 2323 | 316393 |
| **Technology Hardware, Storage & Peripherals - 7.2%** |  |  |
| Apple, Inc.  | 252317 | 68594900 |
| Dell Technologies, Inc. - Class C  | 5414 | 681514 |
| Hewlett Packard Enterprise Co.  | 21952 | 527287 |
| HP, Inc.  | 16295 | 363053 |
| NetApp, Inc.  | 3455 | 369996 |
| Seagate Technology Holdings PLC  | 3587 | 987824 |
| Super Micro Computer, Inc. <sup>(a)</sup> | 8488 | 248444 |
| Western Digital Corp.  | 5913 | 1018632 |
|  |  | 72791650 |
| **Total Information Technology** |  | 349461178 |
| **<u>Materials</u> - 1.8%**  |  |  |
| **Commodity Chemicals - 0.1%** |  |  |
| Dow, Inc.  | 11968 | 279812 |
| LyondellBasell Industries NV - Class A  | 4370 | 189221 |
|  |  | 469033 |
| **Construction Materials - 0.3%** |  |  |
| CRH PLC  | 11644 | 1453171 |
| Martin Marietta Materials, Inc.  | 990 | 616434 |
| Vulcan Materials Co.  | 2342 | 667985 |
|  |  | 2737590 |
| **Copper - 0.1%** |  |  |
| Freeport-McMoRan, Inc.  | 24242 | 1231251 |
| **Fertilizers & Agricultural Chemicals - 0.1%** |  |  |
| CF Industries Holdings, Inc.  | 2934 | 226916 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 500 ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Corteva, Inc.  | 11941 | $800405 |
|  |  | 1027321 |
| **Gold - 0.2%** |  |  |
| Newmont Corp.  | 19513 | 1948373 |
| **Industrial Gases - 0.4%** |  |  |
| Air Products and Chemicals, Inc.  | 3764 | 929783 |
| Linde PLC  | 8158 | 3478490 |
|  |  | 4408273 |
| **Metal, Glass & Plastic Containers - 0.0%**<sup>(b)</sup> |  |  |
| Ball Corp.  | 5147 | 272636 |
| **Paper & Plastic Packaging Products & Materials - 0.1%** |  |  |
| Amcor PLC  | 37057 | 309055 |
| International Paper Co.  | 9234 | 363727 |
| Packaging Corp. of America  | 1441 | 297178 |
| Smurfit WestRock PLC  | 8521 | 329507 |
|  |  | 1299467 |
| **Specialty Chemicals - 0.4%** |  |  |
| DuPont de Nemours, Inc.  | 6350 | 255270 |
| Ecolab, Inc.  | 4284 | 1124636 |
| International Flavors & Fragrances, Inc.  | 4318 | 290990 |
| PPG Industries, Inc.  | 3928 | 402463 |
| Sherwin-Williams Co.  | 3934 | 1274734 |
| Solstice Advanced Materials, Inc. <sup>(a)</sup> | 2800 | 136024 |
|  |  | 3484117 |
| **Steel - 0.1%** |  |  |
| Nucor Corp.  | 3956 | 645263 |
| Steel Dynamics, Inc.  | 2515 | 426167 |
|  |  | 1071430 |
| **Total Materials** |  | 17949491 |
| **<u>Real Estate</u> - 0.1%**  |  |  |
| **Real Estate Services - 0.1%** |  |  |
| CBRE Group, Inc. - Class A <sup>(a)</sup> | 5191 | 834661 |
| CoStar Group, Inc. <sup>(a)</sup> | 7003 | 470881 |
| **Total Real Estate** |  | 1305542 |
| **<u>Utilities</u> - 2.2%**  |  |  |
| **Electric Utilities - 1.4%** |  |  |
| Alliant Energy Corp.  | 4323 | 281038 |
| American Electric Power Co., Inc.  | 9255 | 1067194 |
| Constellation Energy Corp.  | 5618 | 1984671 |
| Duke Energy Corp.  | 13292 | 1557955 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 500 ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Edison International  | 6607 | $396552 |
| Entergy Corp.  | 7427 | 686478 |
| Evergy, Inc.  | 3805 | 275824 |
| Eversource Energy  | 6223 | 418995 |
| Exelon Corp.  | 16924 | 737717 |
| FirstEnergy Corp.  | 9400 | 420838 |
| NextEra Energy, Inc.  | 35775 | 2872017 |
| NRG Energy, Inc.  | 3384 | 538868 |
| PG&E Corp.  | 38013 | 610869 |
| PPL Corp.  | 12290 | 430396 |
| Southern Co.  | 18743 | 1634390 |
| Xcel Energy, Inc.  | 10296 | 760462 |
|  |  | 14674264 |
| **Gas Utilities - 0.1%** |  |  |
| Atmos Energy Corp.  | 2678 | 448913 |
| **Independent Power Producers & Energy Traders - 0.1%** |  |  |
| Vistra Corp.  | 5693 | 918452 |
| **Multi-Utilities - 0.6%** |  |  |
| Ameren Corp.  | 4643 | 463650 |
| CenterPoint Energy, Inc.  | 11200 | 429408 |
| CMS Energy Corp.  | 4896 | 342377 |
| Consolidated Edison, Inc.  | 5940 | 589961 |
| Dominion Energy, Inc.  | 14307 | 838247 |
| DTE Energy Co.  | 3117 | 402031 |
| NiSource, Inc.  | 8218 | 343184 |
| Public Service Enterprise Group, Inc.  | 8564 | 687689 |
| Sempra  | 10931 | 965098 |
| WEC Energy Group, Inc.  | 5452 | 574968 |
|  |  | 5636613 |
| **Water Utilities - 0.0%**<sup>(b)</sup> |  |  |
| American Water Works Co., Inc.  | 3326 | 434043 |
| **Total Utilities** |  | 22112285 |
| **TOTAL COMMON STOCKS** (Cost $725,543,134) |  | 1000183548 |
| **REAL ESTATE INVESTMENT TRUSTS - 1.6%**  |  |  |
| **<u>Real Estate</u> - 1.6%**  |  |  |
| **Data Center REITs - 0.2%** |  |  |
| Digital Realty Trust, Inc.  | 5720 | 884941 |
| Equinix, Inc.  | 1734 | 1328522 |
|  |  | 2213463 |
| **Health Care REITs - 0.3%** |  |  |
| Alexandria Real Estate Equities, Inc.  | 2746 | 134389 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 500 ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Ventas, Inc.  | 6963 | $538797 |
| Welltower, Inc.  | 11443 | 2123935 |
|  |  | 2797121 |
| **Industrial REITs - 0.2%** |  |  |
| Prologis, Inc.  | 15976 | 2039496 |
| **Multi-Family Residential REITs - 0.2%** |  |  |
| AvalonBay Communities, Inc.  | 2387 | 432787 |
| Equity Residential  | 6317 | 398224 |
| Essex Property Trust, Inc.  | 974 | 254876 |
| Mid-America Apartment Communities, Inc.  | 1893 | 262957 |
| UDR, Inc.  | 5322 | 195211 |
|  |  | 1544055 |
| **Other Specialized REITs - 0.1%** |  |  |
| Iron Mountain, Inc.  | 4888 | 405460 |
| VICI Properties, Inc.  | 17349 | 487854 |
|  |  | 893314 |
| **Retail REITs - 0.2%** |  |  |
| Realty Income Corp.  | 14834 | 836193 |
| Simon Property Group, Inc.  | 5374 | 994781 |
|  |  | 1830974 |
| **Self-Storage REITs - 0.1%** |  |  |
| Extra Space Storage, Inc.  | 3573 | 465276 |
| Public Storage  | 2726 | 707397 |
|  |  | 1172673 |
| **Single-Family Residential REITs - 0.1%** |  |  |
| Invitation Homes, Inc.  | 9694 | 269396 |
| Sun Communities, Inc.  | 2043 | 253148 |
|  |  | 522544 |
| **Telecom Tower REITs - 0.2%** |  |  |
| American Tower Corp.  | 8177 | 1435636 |
| Crown Castle, Inc.  | 7311 | 649728 |
| SBA Communications Corp.  | 1739 | 336375 |
|  |  | 2421739 |
| **Timber REITs - 0.0%**<sup>(b)</sup> |  |  |
| Weyerhaeuser Co.  | 12291 | 291174 |
| **Total Real Estate** |  | 15726553 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $15,278,260) |  | 15726553 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE 500 ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **SHORT-TERM INVESTMENTS** | | |
| **MONEY MARKET FUNDS - 0.1%**  | | |
| First American Government Obligations Fund - Class X, 3.67% <sup>(d)</sup> | 801658 | $801658 |
| **TOTAL MONEY MARKET FUNDS** (Cost $801,658) |  | 801658 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $741,623,052**)** |  | $1016711759 |
| Other Assets in Excess of Liabilities - 0.0% <sup>(b)</sup> |  | 462337 |
| **TOTAL NET ASSETS - 100.0%** |  | $1017174096 |

---

Percentages are stated as a percent of net assets.

PLC - Public Limited Company <br> REIT - Real Estate Investment Trust

(a) Non-income producing security.

(b) Represents less than 0.05% of net assets.

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

(d) The rate shown represents the 7-day annualized yield as of December 31, 2025.

The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE EMERGING MARKETS EX-CHINA ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **COMMON STOCKS - 96.9%**  | | |
| **Brazil - 3.7%**  | |  |
| Ambev SA  | 82979 | $211697 |
| Axia Energia  | 23077 | 211745 |
| B3 SA - Brasil Bolsa Balcao  | 102833 | 261786 |
| Banco BTG Pactual SA  | 26521 | 255930 |
| Banco do Brasil SA  | 57483 | 230572 |
| Banco Santander Brasil SA  | 73601 | 453983 |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP  | 9534 | 231511 |
| Embraer SA  | 13720 | 222359 |
| Equatorial SA  | 22381 | 157246 |
| Petroleo Brasileiro SA - Petrobras  | 57931 | 343796 |
| Rede D'Or Sao Luiz SA <sup>(a)</sup> | 21079 | 157253 |
| Vale SA  | 70458 | 925768 |
| WEG SA  | 40020 | 354135 |
|  |  | 4017781 |
| **Chile - 0.7%**  |  |  |
| Banco de Chile  | 994718 | 192133 |
| Falabella SA  | 46000 | 320883 |
| Latam Airlines Group SA  | 8433808 | 228343 |
|  |  | 741359 |
| **Czech Republic - 0.2%**  |  |  |
| CEZ AS  | 3020 | 190243 |
| **Greece - 0.6%**  |  |  |
| Alpha Bank SA  | 44679 | 187974 |
| National Bank of Greece SA  | 16940 | 258802 |
| Piraeus Bank SA  | 21161 | 168956 |
|  |  | 615732 |
| **Hungary - 0.5%**  |  |  |
| OTP Bank Nyrt  | 5001 | 536756 |
| **India - 21.9%**  |  |  |
| Adani Ports & Special Economic Zone Ltd.  | 15018 | 245590 |
| Adani Power Ltd. <sup>(b)</sup> | 121807 | 193784 |
| Apollo Hospitals Enterprise Ltd.  | 1860 | 145740 |
| Asian Paints Ltd.  | 9494 | 292543 |
| Avenue Supermarts Ltd. <sup>(a)(b)</sup> | 4711 | 198243 |
| Axis Bank Ltd.  | 51181 | 722848 |
| Bajaj Auto Ltd.  | 2004 | 208317 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE EMERGING MARKETS EX-CHINA ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Bajaj Finance Ltd.  | 49468 | $543117 |
| Bajaj Finserv Ltd.  | 10908 | 247568 |
| Bharat Electronics Ltd.  | 68658 | 305251 |
| Bharti Airtel Ltd.  | 48943 | 1146585 |
| BSE Ltd.  | 7570 | 221694 |
| Cholamandalam Investment and Finance Co. Ltd.  | 8498 | 160941 |
| Cipla Ltd.  | 11073 | 186190 |
| Divi's Laboratories Ltd.  | 2168 | 154195 |
| Eicher Motors Ltd.  | 2608 | 212184 |
| Eternal Ltd. <sup>(b)</sup> | 142898 | 442068 |
| Grasim Industries Ltd.  | 6749 | 212428 |
| HCL Technologies Ltd.  | 16361 | 295494 |
| HDFC Bank Ltd.  | 270320 | 2981119 |
| HDFC Life Insurance Co. Ltd. <sup>(a)</sup> | 19783 | 165047 |
| Hindalco Industries Ltd.  | 25593 | 252486 |
| Hindustan Aeronautics Ltd.  | 3460 | 168948 |
| Hindustan Unilever Ltd.  | 11745 | 302630 |
| ICICI Bank Ltd.  | 128879 | 1925598 |
| Infosys Ltd.  | 60886 | 1094302 |
| InterGlobe Aviation Ltd. <sup>(a)</sup> | 3939 | 221735 |
| ITC Ltd.  | 138883 | 622722 |
| Jio Financial Services Ltd.  | 46850 | 153744 |
| JSW Steel Ltd.  | 16474 | 213496 |
| Kotak Mahindra Bank Ltd.  | 26518 | 649412 |
| Kwality Wall's India Ltd. <sup>(b)</sup> | 15145 | 6437 |
| Larsen & Toubro Ltd.  | 18744 | 851598 |
| Mahindra & Mahindra Ltd.  | 17103 | 705817 |
| Maruti Suzuki India Ltd.  | 2296 | 426531 |
| Max Healthcare Institute Ltd.  | 13797 | 160429 |
| Nestle India Ltd.  | 12696 | 181938 |
| NTPC Ltd.  | 80967 | 296872 |
| Oil & Natural Gas Corp. Ltd.  | 54366 | 145400 |
| Power Grid Corp. of India Ltd.  | 80447 | 236832 |
| Reliance Industries Ltd.  | 117132 | 2046566 |
| SBI Life Insurance Co. Ltd. <sup>(a)</sup> | 8032 | 181847 |
| Shriram Finance Ltd. <sup>(b)</sup> | 25095 | 278146 |
| State Bank of India  | 64278 | 702428 |
| Sun Pharmaceutical Industries Ltd.  | 19896 | 380678 |
| Tata Consultancy Services Ltd.  | 12681 | 452360 |
| Tata Consumer Products Ltd.  | 11036 | 146362 |
| Tata Steel Ltd.  | 146974 | 294473 |
| Tech Mahindra Ltd.  | 12241 | 216670 |
| Titan Co. Ltd.  | 7017 | 316306 |
| Trent Ltd.  | 3971 | 189052 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE EMERGING MARKETS EX-CHINA ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| TVS Motor Co. Ltd.  | 4703 | $194641 |
| UltraTech Cement Ltd.  | 2255 | 295651 |
| Wipro Ltd.  | 52802 | 154671 |
|  |  | 23747724 |
| **Indonesia - 1.3%**  |  |  |
| Bank Central Asia Tbk PT  | 823098 | 398592 |
| Bank Mandiri Persero Tbk PT  | 730432 | 223400 |
| Bank Rakyat Indonesia Persero Tbk PT  | 1080341 | 237124 |
| Barito Renewables Energy Tbk PT  | 314370 | 182872 |
| Dian Swastatika Sentosa Tbk PT <sup>(b)</sup> | 30000 | 181709 |
| Telkom Indonesia Persero Tbk PT  | 930444 | 194180 |
|  |  | 1417877 |
| **Kuwait - 1.1%**  |  |  |
| Kuwait Finance House KSCP  | 236579 | 623345 |
| National Bank of Kuwait SAKP  | 161229 | 531668 |
|  |  | 1155013 |
| **Malaysia - 1.1%**  |  |  |
| CIMB Group Holdings Bhd  | 146078 | 296980 |
| Malayan Banking Bhd  | 119436 | 308450 |
| Public Bank Bhd  | 273431 | 305908 |
| Tenaga Nasional Bhd  | 74542 | 252025 |
|  |  | 1163363 |
| **Mexico - 3.2%**  |  |  |
| America Movil SAB de CV  | 532667 | 549898 |
| Cemex SAB de CV  | 293052 | 336544 |
| Fomento Economico Mexicano SAB de CV  | 41281 | 417292 |
| Grupo Aeroportuario del Pacifico SAB de CV - Class B  | 7520 | 196700 |
| Grupo Financiero Banorte SAB de CV  | 56007 | 518906 |
| Grupo Mexico SAB de CV - Class B  | 123581 | 1168040 |
| Wal-Mart de Mexico SAB de CV  | 80038 | 248948 |
|  |  | 3436328 |
| **Peru - 0.3%**  |  |  |
| Credicorp Ltd.  | 1051 | 301637 |
| **Philippines - 0.2%**  |  |  |
| International Container Terminal Services, Inc.  | 20186 | 194543 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE EMERGING MARKETS EX-CHINA ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Poland - 1.4%**  | |  |
| Allegro.eu SA <sup>(a)(b)</sup> | 19990 | $172727 |
| Bank Polska Kasa Opieki SA  | 4162 | 237779 |
| KGHM Polska Miedz SA <sup>(b)</sup> | 2679 | 209544 |
| ORLEN SA  | 11421 | 305758 |
| Powszechna Kasa Oszczednosci Bank Polski SA  | 16842 | 399517 |
| Powszechny Zaklad Ubezpieczen SA  | 11490 | 213605 |
|  |  | 1538930 |
| **Qatar - 0.6%**  |  |  |
| Qatar Islamic Bank QPSC  | 35268 | 231988 |
| Qatar National Bank QPSC  | 87534 | 448609 |
|  |  | 680597 |
| **Saudi Arabia - 5.3%**  |  |  |
| ACWA Power Co. <sup>(b)</sup> | 3578 | 173424 |
| Al Rajhi Bank  | 76836 | 1997310 |
| Alinma Bank  | 44048 | 286310 |
| Almarai Co. JSC  | 14804 | 170743 |
| Banque Saudi Fransi  | 37250 | 167043 |
| Etihad Etisalat Co.  | 11204 | 197148 |
| Riyad Bank  | 34735 | 251335 |
| Saudi Arabian Mining Co. <sup>(b)</sup> | 28310 | 460034 |
| Saudi Arabian Oil Co. <sup>(a)</sup> | 95976 | 609765 |
| Saudi Awwal Bank  | 16110 | 139075 |
| Saudi Basic Industries Corp.  | 13640 | 186555 |
| Saudi National Bank  | 73869 | 746016 |
| Saudi Telecom Co.  | 37296 | 427371 |
|  |  | 5812129 |
| **South Africa - 4.7%**  |  |  |
| Absa Group Ltd.  | 15072 | 217852 |
| Bid Corp. Ltd.  | 6670 | 169920 |
| Capitec Bank Holdings Ltd.  | 1744 | 437664 |
| Discovery Ltd.  | 11396 | 156612 |
| FirstRand Ltd.  | 98172 | 537990 |
| Gold Fields Ltd.  | 16970 | 743678 |
| Impala Platinum Holdings Ltd.  | 17940 | 283833 |
| MTN Group Ltd.  | 32763 | 335346 |
| Naspers Ltd.  | 14973 | 998661 |
| Sanlam Ltd.  | 35987 | 214031 |
| Shoprite Holdings Ltd.  | 10309 | 168225 |
| Standard Bank Group Ltd.  | 25299 | 443649 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE EMERGING MARKETS EX-CHINA ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Valterra Platinum Ltd.  | 5129 | $436572 |
|  |  | 5144033 |
| **South Korea - 18.5%**  |  |  |
| Alteogen, Inc. <sup>(b)</sup> | 591 | 184412 |
| Celltrion, Inc.  | 2625 | 329822 |
| Doosan Enerbility Co. Ltd. <sup>(b)</sup> | 7755 | 405367 |
| Hana Financial Group, Inc.  | 4736 | 309366 |
| Hanwha Aerospace Co. Ltd.  | 625 | 408264 |
| HD Hyundai Electric Co. Ltd.  | 392 | 210620 |
| HD Hyundai Heavy Industries Co. Ltd.  | 470 | 166069 |
| HD Korea Shipbuilding & Offshore Engineering Co. Ltd.  | 840 | 237326 |
| Hyundai Mobis Co. Ltd.  | 1005 | 260224 |
| Hyundai Motor Co.  | 2283 | 469897 |
| Hyundai Rotem Co. Ltd.  | 900 | 117393 |
| Kakao Corp.  | 5482 | 228710 |
| KB Financial Group, Inc.  | 6294 | 544835 |
| Kia Corp.  | 4130 | 349196 |
| Korea Electric Power Corp.  | 4960 | 162516 |
| KT&G Corp.  | 1643 | 162070 |
| LG Chem Ltd.  | 811 | 187472 |
| NAVER Corp.  | 2273 | 382633 |
| POSCO Holdings, Inc.  | 1005 | 212783 |
| Samsung Biologics Co. Ltd. <sup>(a)(b)</sup> | 171 | 201204 |
| Samsung C&T Corp.  | 1335 | 221952 |
| Samsung Electro-Mechanics Co. Ltd.  | 919 | 162677 |
| Samsung Electronics Co. Ltd.  | 95576 | 7954991 |
| Samsung Fire & Marine Insurance Co. Ltd.  | 578 | 199414 |
| Samsung Heavy Industries Co. Ltd. <sup>(b)</sup> | 12000 | 200757 |
| Samsung Life Insurance Co. Ltd. <sup>(b)</sup> | 1419 | 155242 |
| Samsung SDI Co. Ltd.  | 1146 | 214395 |
| Shinhan Financial Group Co. Ltd.  | 8199 | 437682 |
| SK Hynix, Inc.  | 9566 | 4322978 |
| SK Square Co. Ltd. <sup>(b)</sup> | 1582 | 404135 |
| Woori Financial Group, Inc.  | 12000 | 233244 |
|  |  | 20037646 |
| **Taiwan - 27.0%** <sup>(c)</sup> |  |  |
| Accton Technology Corp.  | 7654 | 288665 |
| Alchip Technologies Ltd.  | 1207 | 134835 |
| ASE Technology Holding Co. Ltd.  | 53096 | 423308 |
| Asia Vital Components Co. Ltd.  | 4476 | 215107 |
| Asustek Computer, Inc.  | 10125 | 176589 |
| Cathay Financial Holding Co. Ltd.  | 140078 | 337930 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE EMERGING MARKETS EX-CHINA ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Chunghwa Telecom Co. Ltd.  | 67424 | $280035 |
| CTBC Financial Holding Co. Ltd.  | 286596 | 457890 |
| Delta Electronics, Inc.  | 29226 | 895741 |
| E.Sun Financial Holding Co. Ltd.  | 225836 | 242579 |
| Elite Material Co. Ltd.  | 4771 | 249783 |
| Evergreen Marine Corp. Taiwan Ltd.  | 27879 | 168585 |
| First Financial Holding Co. Ltd.  | 182533 | 170795 |
| Fubon Financial Holding Co. Ltd.  | 125690 | 384425 |
| Hon Hai Precision Industry Co. Ltd.  | 190187 | 1395207 |
| Hua Nan Financial Holdings Co. Ltd.  | 160645 | 158495 |
| Lite-On Technology Corp.  | 33596 | 174820 |
| MediaTek, Inc.  | 22717 | 1033889 |
| Mega Financial Holding Co. Ltd.  | 180254 | 229473 |
| Nan Ya Plastics Corp.  | 78649 | 150687 |
| Quanta Computer, Inc.  | 43020 | 372414 |
| Realtek Semiconductor Corp.  | 7903 | 122995 |
| SinoPac Financial Holdings Co. Ltd.  | 203080 | 184850 |
| Taiwan Mobile Co. Ltd.  | 41460 | 143168 |
| Taiwan Semiconductor Manufacturing Co. Ltd.  | 388301 | 19155219 |
| TS Financial Holding Co. Ltd.  | 380230 | 246867 |
| Unimicron Technology Corp.  | 20731 | 145154 |
| Uni-President Enterprises Corp.  | 78608 | 192889 |
| United Microelectronics Corp.  | 189981 | 297785 |
| Wistron Corp.  | 46423 | 222360 |
| Wiwynn Corp.  | 1533 | 218822 |
| Yageo Corp.  | 27220 | 200118 |
| Yuanta Financial Holding Co. Ltd.  | 201380 | 251881 |
|  |  | 29323360 |
| **Thailand - 1.6%**  |  |  |
| Advanced Info Service PCL  | 22410 | 222642 |
| Bangkok Bank PCL  | 33063 | 177882 |
| Delta Electronics Thailand PCL  | 92775 | 509445 |
| Gulf Development PCL <sup>(b)</sup> | 132159 | 175135 |
| Kasikornbank PCL  | 40408 | 249464 |
| PTT PCL  | 234076 | 237754 |
| SCB X PCL  | 49770 | 219585 |
|  |  | 1791907 |
| **United Arab Emirates - 2.0%**  |  |  |
| Abu Dhabi Commercial Bank PJSC  | 61564 | 239702 |
| Abu Dhabi Islamic Bank PJSC  | 43198 | 244174 |
| Aldar Properties PJSC  | 76864 | 182075 |
| Dubai Islamic Bank PJSC  | 102192 | 257932 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE EMERGING MARKETS EX-CHINA ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Emaar Properties PJSC  | 134864 | $515918 |
| Emirates NBD Bank PJSC  | 49660 | 376566 |
| Emirates Telecommunications Group Co. PJSC  | 70261 | 350851 |
|  |  | 2167218 |
| **United Kingdom - 0.8%**  |  |  |
| Anglogold Ashanti PLC  | 9536 | 825273 |
| **United States - 0.2%**  |  |  |
| Southern Copper Corp.  | 1823 | 261599 |
| **TOTAL COMMON STOCKS** (Cost $69,099,517) |  | 105101048 |
| **PREFERRED STOCKS - 2.7%**  |  |  |
| **Brazil - 1.8%**  |  |  |
| Axia Energia <sup>(b)</sup> | 6066 | 54426 |
| Banco Bradesco SA | 118102 | 393763 |
| Itau Unibanco Holding SA  | 117036 | 841500 |
| Itausa SA  | 114460 | 245015 |
| Petroleo Brasileiro SA - Petrobras | 66445 | 374922 |
|  |  | 1909626 |
| **India - 0.0%** <sup>(d)</sup> |  |  |
| TVS Motor Co. Ltd., 6.00%, 09/01/2026 <sup>(b)(e)</sup> | 18812 | 2093 |
| **South Korea - 0.9%**  |  |  |
| Samsung Electronics Co. Ltd.  | 16000 | 990733 |
| **TOTAL PREFERRED STOCKS** (Cost $2,298,128) |  | 2902452 |
| **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 1.0%**  |  |  |
| First American Government Obligations Fund - Class X, 3.67% <sup>(f)</sup> | 1114565 | 1114565 |
| **TOTAL MONEY MARKET FUNDS** (Cost $1,114,565) |  | 1114565 |
| **TOTAL INVESTMENTS - 100.6% (**Cost $72,512,210**)** |  | $109118065 |
| Liabilities in Excess of Other Assets - (0.6)%  |  | (598409) |
| **TOTAL NET ASSETS - 100.0%** |  | $108519656 |

---

Percentages are stated as a percent of net assets.

---

| |
|:---|
| JSC - Public Joint Stock Company |
| PCL - Public Company Limited |
| PJSC - Public Joint Stock Company |
| PLC - Public Limited Company |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE EMERGING MARKETS EX-CHINA ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of December 31, 2025, the value of these securities total $1,907,821 or 1.8% of the Fund's net assets.

(b) Non-income producing security.

(c) To the extent that the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting such country or region.

(d) Represents less than 0.05% of net assets.

(e) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $2,093 or 0.0% of net assets as of December 31, 2025.

(f) The rate shown represents the 7-day annualized yield as of December 31, 2025.

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE ENHANCED INCOME SHORT MATURITY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| **ASSET-BACKED SECURITIES - 32.8%**  | | |
| ACHV ABS Trust |  |  |
| Series 2023-1PL, Class D, 8.47%, 03/18/2030 <sup>(a)</sup> | $275572 | $278050 |
| Series 2023-3PL, Class D, 8.36%, 08/19/2030 <sup>(a)</sup> | 650978 | 656626 |
| Series 2024-1PL, Class A, 5.90%, 04/25/2031 <sup>(a)</sup> | 63987 | 64092 |
| Series 2024-1PL, Class C, 6.42%, 04/25/2031 <sup>(a)</sup> | 90156 | 91236 |
| Series 2024-1PL, Class D, 7.29%, 04/25/2031 <sup>(a)</sup> | 634034 | 644020 |
| Series 2024-2PL, Class B, 5.43%, 10/27/2031 <sup>(a)</sup> | 155994 | 157587 |
| Series 2024-2PL, Class C, 5.72%, 10/27/2031 <sup>(a)</sup> | 1478919 | 1494404 |
| Series 2024-3AL, Class C, 5.68%, 12/26/2031 <sup>(a)</sup> | 360436 | 365090 |
| Series 2024-3AL, Class D, 6.75%, 12/26/2031 <sup>(a)</sup> | 728619 | 739048 |
| Affirm, Inc., Series 2025-1A, Class B, 5.13%, 02/15/2033 <sup>(a)</sup> | 1000000 | 1008145 |
| American Credit Acceptance Receivables Trust |  |  |
| Series 2022-4, Class D, 8.00%, 02/15/2029 <sup>(a)</sup> | 636505 | 641857 |
| Series 2023-1, Class D, 6.35%, 04/12/2029 <sup>(a)</sup> | 1790000 | 1805327 |
| Series 2023-3, Class D, 6.82%, 10/12/2029 <sup>(a)</sup> | 3700000 | 3767762 |
| Series 2024-2, Class D, 6.53%, 04/12/2030 <sup>(a)</sup> | 1500000 | 1532146 |
| American Express Travel Related Services Co., Inc., Series 2023-1, Class A, 4.87%, 05/15/2028  | 4236000 | 4251931 |
| AmeriCredit Automobile Receivables Trust, Series 2025-1, Class A2A, 4.22%, 03/19/2029 <sup>(a)</sup> | 1000000 | 1001790 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2024-1A, Class A, 6.46%, 04/17/2028 <sup>(a)</sup> | 203273 | 204443 |
| Avis Budget Car Rental LLC |  |  |
| Series 2020-2A, Class A, 2.02%, 02/20/2027 <sup>(a)</sup> | 885000 | 883245 |
| Series 2020-2A, Class B, 2.96%, 02/20/2027 <sup>(a)</sup> | 166667 | 166452 |
| Series 2021-1A, Class A, 1.38%, 08/20/2027 <sup>(a)</sup> | 1207000 | 1193032 |
| Series 2021-1A, Class C, 2.13%, 08/20/2027 <sup>(a)</sup> | 570000 | 563734 |
| Series 2021-2A, Class A, 1.66%, 02/20/2028 <sup>(a)</sup> | 1000000 | 977780 |
| Series 2022-5A, Class B, 7.09%, 04/20/2027 <sup>(a)</sup> | 666667 | 669965 |
| BA Credit Card Trust, Series 2023-A1, Class A1, 4.79%, 05/15/2028  | 2132000 | 2139333 |
| BOF URSA Funding Trust, Series 2023-CAR2, Class A2, 5.54%, 10/27/2031 <sup>(a)</sup> | 194227 | 195592 |
| Cherry Securitization Trust, Series 2025-1A, Class A, 6.13%, 11/15/2032 <sup>(a)</sup> | 500000 | 507949 |
| COOPR Residential Mortgage Trust |  |  |
| Series 2025-CES1, Class A1A, 5.65%, 05/25/2060 <sup>(a)(b)</sup> | 454545 | 459688 |
| Series 2025-CES2, Class A1B, 5.60%, 06/25/2060 <sup>(a)(b)</sup> | 936977 | 952554 |
| DT Auto Owner Trust, Series 2022-2A, Class D, 5.46%, 03/15/2028 <sup>(a)</sup> | 1537267 | 1543425 |
| Exeter Automobile Receivables Trust |  |  |
| Series 2022-3A, Class D, 6.76%, 09/15/2028  | 696393 | 703874 |
| Series 2023-3A, Class D, 6.68%, 04/16/2029  | 1000000 | 1023814 |
| FHF Trust, Series 2023-2A, Class A2, 6.79%, 10/15/2029 <sup>(a)</sup> | 209001 | 209842 |
| FIGRE Trust 2023-HE1 |  |  |
| Series 2024-SL1, Class A1, 5.75%, 07/25/2053 <sup>(a)(c)</sup> | 2409836 | 2466088 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE ENHANCED INCOME SHORT MATURITY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| Series 2025-HE7, Class A, 5.15%, 11/25/2055 <sup>(a)(c)</sup> | $979114 | $984322 |
| FIGRE Trust 2024-HE3, Series 2024-HE3, Class A, 5.94%, 07/25/2054 <sup>(a)(c)</sup> | 1373296 | 1400779 |
| Flagship Credit Auto Trust |  |  |
| Series 2021-3, Class D, 1.65%, 09/15/2027 <sup>(a)</sup> | 78000 | 76324 |
| Series 2021-4, Class D, 2.26%, 12/15/2027 <sup>(a)</sup> | 116000 | 110150 |
| FREED ABS Trust |  |  |
| Series 2022-3FP, Class D, 7.36%, 08/20/2029 <sup>(a)</sup> | 111938 | 112467 |
| Series 2022-4FP, Class D, 7.40%, 12/18/2029 <sup>(a)</sup> | 224968 | 226042 |
| Frontier Communications Parent, Inc., Series 2023-1, Class A2, 6.60%, 08/20/2053 <sup>(a)</sup> | 1000000 | 1009472 |
| GLS Auto Receivables Trust, Series 2022-3A, Class D, 6.42%, 06/15/2028 <sup>(a)</sup> | 1917820 | 1936405 |
| GS Mortgage-Backed Securities Trust, Series 2024-HE2, Class A1, 5.37% (30 day avg SOFR US + 1.50%), 01/25/2055 <sup>(a)</sup> | 1033110 | 1043498 |
| Hertz Corp., Series 2021-2A, Class C, 2.52%, 12/27/2027 <sup>(a)</sup> | 500000 | 490939 |
| Hyundai Auto Lease Securitization Trust, Series 2025-B, Class A2B, 4.68% (30 day avg SOFR US + 0.70%), 09/15/2027 <sup>(a)</sup> | 1795642 | 1799743 |
| Lendbuzz Securitization Trust, Series 2024-3A, Class A2, 4.97%, 10/15/2029 <sup>(a)</sup> | 345797 | 345943 |
| Lobel Automobile Receivables Trust |  |  |
| Series 2023-1, Class C, 8.31%, 10/16/2028 <sup>(a)</sup> | 79038 | 79270 |
| Series 2023-1, Class D, 8.00%, 03/15/2030 <sup>(a)</sup> | 1516000 | 1533613 |
| Marlette Funding Trust |  |  |
| Series 2023-3A, Class C, 7.06%, 09/15/2033 <sup>(a)</sup> | 292012 | 293216 |
| Series 2023-3A, Class D, 8.04%, 09/15/2033 <sup>(a)</sup> | 1628000 | 1672813 |
| Octane Receivables Trust, Series 2022-2A, Class D, 7.70%, 02/20/2030 <sup>(a)</sup> | 1000000 | 1028954 |
| Oportun Financial Corp., Series 2024-2, Class A, 5.86%, 02/09/2032 <sup>(a)</sup> | 16355 | 16357 |
| Pagaya AI Debt Selection Trust |  |  |
| Series 2023-7, Class ABC, 8.80%, 07/15/2031 <sup>(a)(c)</sup> | 51915 | 52005 |
| Series 2023-7, Class C, 8.80%, 07/15/2031 <sup>(a)</sup> | 94479 | 94727 |
| Series 2023-8, Class A, 7.30%, 06/16/2031 <sup>(a)</sup> | 77 | 78 |
| Series 2023-8, Class B, 7.96%, 06/16/2031 <sup>(a)</sup> | 1301363 | 1328441 |
| Series 2023-8, Class C, 9.54%, 06/16/2031 <sup>(a)</sup> | 1182869 | 1208407 |
| Series 2024-1, Class B, 7.11%, 07/15/2031 <sup>(a)</sup> | 389943 | 391159 |
| Series 2024-1, Class C, 8.34%, 07/15/2031 <sup>(a)</sup> | 309870 | 311256 |
| Series 2024-10, Class C, 5.99%, 06/15/2032 <sup>(a)</sup> | 654955 | 659449 |
| Series 2024-11, Class B, 5.64%, 07/15/2032 <sup>(a)</sup> | 1289305 | 1299285 |
| Series 2024-2, Class B, 6.61%, 08/15/2031 <sup>(a)</sup> | 377692 | 379201 |
| Series 2024-3, Class A, 6.26%, 10/15/2031 <sup>(a)</sup> | 128061 | 128488 |
| Series 2024-3, Class B, 6.57%, 10/15/2031 <sup>(a)</sup> | 595388 | 597605 |
| Series 2024-5, Class B, 6.60%, 10/15/2031 <sup>(a)</sup> | 489024 | 492313 |
| Series 2024-8, Class C, 6.03%, 01/15/2032 <sup>(a)</sup> | 268449 | 270006 |
| Series 2024-8, Class D, 6.53%, 01/15/2032 <sup>(a)</sup> | 427367 | 430607 |
| Series 2024-9, Class D, 6.17%, 03/15/2032 <sup>(a)</sup> | 288438 | 290176 |
| Series 2025-1, Class B, 5.63%, 07/15/2032 <sup>(a)</sup> | 999915 | 1008554 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE ENHANCED INCOME SHORT MATURITY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| Series 2025-1, Class C, 5.87%, 07/15/2032 <sup>(a)</sup> | $499957 | $502918 |
| Series 2025-3, Class A2, 5.37%, 12/15/2032 <sup>(a)</sup> | 499899 | 504486 |
| Series 2025-3, Class B, 6.06%, 12/15/2032 <sup>(a)</sup> | 499899 | 506319 |
| Series 2025-4, Class A2, 5.37%, 01/17/2033 <sup>(a)</sup> | 1499947 | 1513304 |
| Series 2025-4, Class B, 5.69%, 01/17/2033 <sup>(a)</sup> | 999964 | 1010946 |
| Series 2025-4, Class C, 6.15%, 01/17/2033 <sup>(a)</sup> | 999964 | 1014358 |
| Series 2025-6, Class A2, 4.50%, 04/15/2033 <sup>(a)</sup> | 1000000 | 1001009 |
| Series 2025-6, Class B, 4.88%, 04/15/2033 <sup>(a)</sup> | 1000000 | 997442 |
| Series 2025-7, Class A2, 4.53%, 05/15/2033 <sup>(a)</sup> | 3000000 | 3002887 |
| Series 2025-7, Class B, 5.06%, 05/15/2033 <sup>(a)</sup> | 1000000 | 1000692 |
| Series 2025-R1, Class A2, 5.34%, 06/15/2032 <sup>(a)</sup> | 1000000 | 1007909 |
| Series 2025-R1, Class B, 5.71%, 06/15/2032 <sup>(a)</sup> | 1000000 | 1006532 |
| Series 2025-R3, Class A, 4.84%, 01/18/2033 <sup>(a)</sup> | 2684847 | 2688394 |
| Pagaya Technologies Ltd. |  |  |
| Series 2025-1, Class A, 5.72%, 01/20/2034 <sup>(a)</sup> | 1750000 | 1764368 |
| Series 2025-1, Class C, 6.30%, 01/20/2034 <sup>(a)</sup> | 750000 | 756031 |
| Prestige Auto Receivables Trust, Series 2025-1A, Class B, 5.34%, 11/15/2028 <sup>(a)</sup> | 2000000 | 1999020 |
| Purchasing Power Funding, Series 2024-A, Class B, 6.43%, 08/15/2028 <sup>(a)</sup> | 400000 | 401804 |
| RCKT Mortgage Trust, Series 2025-CES7, Class A1B, 5.48%, 07/25/2055 <sup>(a)(b)</sup> | 919819 | 931612 |
| Reach Financial LLC, Series 2024-1A, Class B, 6.29%, 02/18/2031 <sup>(a)</sup> | 450010 | 453211 |
| Research-Driven Pagaya Motor Asset Trust |  |  |
| Series 2023-3A, Class A, 7.13%, 01/26/2032 <sup>(a)</sup> | 62892 | 62995 |
| Series 2023-4A, Class A, 7.54%, 03/25/2032 <sup>(a)</sup> | 74353 | 74494 |
| Series 2025-3A, Class A2, 5.15%, 02/27/2034 <sup>(a)</sup> | 2000000 | 2015392 |
| Series 2025-6A, Class A3, 5.01%, 08/25/2034 <sup>(a)</sup> | 1000000 | 1002114 |
| Series 2025-6A, Class C, 5.53%, 08/25/2034 <sup>(a)</sup> | 1000000 | 1000828 |
| SAFCO Auto Receivables Trust |  |  |
| Series 2024-1A, Class B, 6.31%, 11/20/2028 <sup>(a)</sup> | 200515 | 200202 |
| Series 2025-1A, Class A, 5.46%, 09/10/2029 <sup>(a)</sup> | 981319 | 981563 |
| Saluda Grade Mortgage Funding LLC, Series 2023-FIG4, Class A, 6.72%, 11/25/2053 <sup>(a)(c)</sup> | 323466 | 330127 |
| Sotheby's Artfi Master Trust, Series 2024-1A, Class A1, 6.43%, 12/22/2031 <sup>(a)</sup> | 1312000 | 1316604 |
| Strike Acceptance Auto Funding Trust, Series 2025-1A, Class A, 5.84%, 04/15/2032 <sup>(a)</sup> | 593635 | 596095 |
| Theorem Funding Trust, Series 2022-2A, Class B, 9.27%, 12/15/2028 <sup>(a)</sup> | 1050690 | 1052109 |
| Towd Point Mortgage Trust |  |  |
| Series 2025-CES2, Class A2, 5.58%, 07/25/2065 <sup>(a)(b)</sup> | 500000 | 504162 |
| Series 2025-CRM1, Class A1, 5.80%, 01/25/2065 <sup>(a)(b)</sup> | 2423737 | 2461804 |
| Tricolor Auto Securitization Trust, Series 2024-3A, Class B, 5.36%, 09/15/2028 <sup>(a)(i)</sup> | 2000000 | 995040 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE ENHANCED INCOME SHORT MATURITY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| Upgrade Master Pass-Thru Trust |  |  |
| Series 2025-ST4, Class A, 5.50%, 08/16/2032 <sup>(a)</sup> | $830633 | $835425 |
| Series 2025-ST8, Class B, 5.07%, 12/15/2033 <sup>(a)</sup> | 1000000 | 1002682 |
| Upgrade Receivables Trust, Series 2024-1A, Class A, 5.37%, 02/18/2031 <sup>(a)</sup> | 12190 | 12150 |
| Upstart Pass-Through Trust Series, Series 2022-ST3, Class A, 4.30%, 05/20/2030 <sup>(a)</sup> | 69323 | 69180 |
| Upstart Securitization Trust |  |  |
| Series 2024-1, Class A, 5.33%, 11/20/2034 <sup>(a)</sup> | 534403 | 536673 |
| Series 2025-1, Class A, 5.45%, 04/20/2035 <sup>(a)</sup> | 617693 | 621997 |
| Veros Automobile Receivables Trust |  |  |
| Series 2024-1, Class A, 6.28%, 11/15/2027 <sup>(a)</sup> | 125801 | 125694 |
| Series 2025-1, Class A, 5.31%, 09/15/2028 <sup>(a)</sup> | 308352 | 308385 |
| Verus Securitization Trust, Series 2024-9, Class A3, 5.89%, 11/25/2069 <sup>(a)(b)</sup> | 1841380 | 1866927 |
| Vista Point Securitization Trust |  |  |
| Series 2024-CES2, Class A1, 5.25%, 10/25/2054 <sup>(a)(b)</sup> | 354142 | 356517 |
| Series 2024-CES2, Class A2, 5.66%, 10/25/2054 <sup>(a)(b)</sup> | 1000000 | 1001345 |
| Series 2024-CES3, Class A1, 5.68%, 01/25/2055 <sup>(a)(b)</sup> | 1604902 | 1627479 |
| Series 2025-CES1, Class A1, 5.81%, 04/25/2055 <sup>(a)(b)</sup> | 2494283 | 2538175 |
| Series 2025-CES2, Class A1, 5.60%, 08/25/2055 <sup>(a)(c)</sup> | 2361921 | 2378665 |
| Series 2025-CES3, Class A1, 5.30%, 11/25/2055 <sup>(a)(b)</sup> | 989404 | 992952 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $105,944,155) |  | 105393002 |
| **CORPORATE BONDS - 27.0%**  |  |  |
| **<u>Consumer Discretionary</u> - 3.4%** |  |  |
| **Automobile Manufacturers - 0.0%**<sup>(d)</sup> |  |  |
| General Motors Co., 5.35%, 04/15/2028  | 145000 | 148564 |
| **Automotive - 1.0%** |  |  |
| Ford Motor Credit Co. LLC, 2.90%, 02/16/2028  | 1700000 | 1637682 |
| General Motors Financial Co., Inc., 2.40%, 04/10/2028  | 1550000 | 1493481 |
|  |  | 3131163 |
| **Automotive Parts & Equipment - 0.5%** |  |  |
| BorgWarner, Inc., 2.65%, 07/01/2027  | 1550000 | 1519804 |
| **Homebuilding - 0.9%** |  |  |
| Meritage Homes Corp., 5.13%, 06/06/2027  | 1350000 | 1359754 |
| Toll Brothers Finance Corp., 4.88%, 03/15/2027  | 1500000 | 1512113 |
|  |  | 2871867 |
| **Hotels, Resorts & Cruise Lines - 1.0%** |  |  |
| Carnival Corp., 4.00%, 08/01/2028 <sup>(a)</sup> | 1600000 | 1577207 |
| Royal Caribbean Cruises Ltd. |  |  |
| 4.25%, 07/01/2026 <sup>(a)</sup> | 1500000 | 1500168 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE ENHANCED INCOME SHORT MATURITY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| 5.50%, 04/01/2028 <sup>(a)</sup> | $100000 | $101844 |
|  |  | 3179219 |
| **Total Consumer Discretionary** |  | 10850617 |
| **<u>Consumer Staples</u> - 0.6%** |  |  |
| **Packaged Foods & Meats - 0.6%** |  |  |
| Conagra Brands, Inc., 1.38%, 11/01/2027  | 1150000 | 1094100 |
| Kraft Heinz Foods Co., 3.00%, 06/01/2026  | 900000 | 896191 |
| **Total Consumer Staples** |  | 1990291 |
| **<u>Energy</u> - 2.5%** |  |  |
| **Integrated Oil & Gas - 0.4%** |  |  |
| Occidental Petroleum Corp., 3.20%, 08/15/2026  | 1500000 | 1488791 |
| **Oil & Gas Exploration & Production - 1.4%** |  |  |
| Continental Resources, Inc., 2.27%, 11/15/2026 <sup>(a)</sup> | 1550000 | 1518301 |
| EQT Corp. |  |  |
| 3.13%, 05/15/2026 <sup>(a)</sup> | 879000 | 874140 |
| 3.90%, 10/01/2027  | 671000 | 668501 |
| Ovintiv, Inc., 5.38%, 01/01/2026  | 1400000 | 1400000 |
|  |  | 4460942 |
| **Oil & Gas Storage & Transportation - 0.7%** |  |  |
| ONEOK, Inc., 4.85%, 07/15/2026  | 200000 | 200403 |
| Targa Resources Partners LP / Targa Resources Partners Finance Corp., 5.00%, 01/15/2028  | 810000 | 810233 |
| Western Midstream Operating LP, 4.75%, 08/15/2028  | 1150000 | 1164579 |
|  |  | 2175215 |
| **Total Energy** |  | 8124948 |
| **<u>Financials</u> - 8.8%** |  |  |
| **Asset Management & Custody Banks - 0.5%** |  |  |
| Ares Capital Corp. |  |  |
| 7.00%, 01/15/2027  | 950000 | 973823 |
| 2.88%, 06/15/2028  | 785000 | 750425 |
|  |  | 1724248 |
| **Automotive Retail - 0.2%** |  |  |
| Penske Truck Leasing Co. LP / PTL Finance Corp., 5.75%, 05/24/2026 <sup>(a)</sup> | 625000 | 628096 |
| **Brokerage & Investment Management - 0.6%** |  |  |
| LPL Holdings, Inc., 5.70%, 05/20/2027  | 1765000 | 1799934 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE ENHANCED INCOME SHORT MATURITY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| **Commercial & Residential Mortgage Finance - 0.5%** | | |
| Radian Group, Inc., 4.88%, 03/15/2027  | $1550000 | $1556133 |
| **Consumer Finance - 0.6%** |  |  |
| Ally Financial, Inc., 7.10%, 11/15/2027  | 1770000 | 1861082 |
| **Consumer Finance - 0.1%** |  |  |
| Synchrony Bank, 5.63%, 08/23/2027  | 250000 | 255141 |
| **Diversified Banks - 3.3%** |  |  |
| ABN AMRO Bank NV, 4.80%, 04/18/2026 <sup>(a)</sup> | 1735000 | 1738503 |
| Barclays PLC, 5.20%, 05/12/2026  | 1688000 | 1695452 |
| Capital One NA, 3.45%, 07/27/2026  | 1200000 | 1196568 |
| Citigroup, Inc., 4.60%, 03/09/2026  | 1550000 | 1551125 |
| Comerica, Inc., 3.80%, 07/22/2026  | 1550000 | 1544987 |
| Fifth Third Bank, Inc., 3.85%, 03/15/2026  | 1550000 | 1548917 |
| KeyBank NA/Cleveland OH, 3.40%, 05/20/2026  | 630000 | 628652 |
| Lloyds Banking Group PLC, 4.65%, 03/24/2026  | 850000 | 851085 |
|  |  | 10755289 |
| **Diversified Financial Services - 0.1%** |  |  |
| Apollo Management Holdings LP, 4.40%, 05/27/2026 <sup>(a)</sup> | 370000 | 370059 |
| **Finance Companies - 1.5%** |  |  |
| Athene Global Funding |  |  |
| 5.62%, 05/08/2026 <sup>(a)</sup> | 700000 | 703437 |
| 5.52%, 03/25/2027 <sup>(a)</sup> | 655000 | 665503 |
| Avolon Holdings Funding Ltd. |  |  |
| 2.53%, 11/18/2027 <sup>(a)</sup> | 198000 | 192119 |
| 2.75%, 02/21/2028 <sup>(a)</sup> | 335000 | 324719 |
| 6.38%, 05/04/2028 <sup>(a)</sup> | 1116000 | 1163218 |
| Macquarie Airfinance Holdings Ltd., 5.20%, 03/27/2028 <sup>(a)</sup> | 1700000 | 1726128 |
|  |  | 4775124 |
| **Private Equity - 0.2%** |  |  |
| HAT Holdings I LLC / HAT Holdings II LLC, 3.38%, 06/15/2026 <sup>(a)</sup> | 747000 | 742394 |
| **Regional Banks - 0.1%** |  |  |
| Manufacturers & Traders Trust Co., 3.40%, 08/17/2027  | 250000 | 247047 |
| **Specialized REITs - 0.5%** |  |  |
| VICI Properties LP / VICI Note Co., Inc. |  |  |
| 4.50%, 09/01/2026 <sup>(a)</sup> | 1455000 | 1456709 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE ENHANCED INCOME SHORT MATURITY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| 3.75%, 02/15/2027 <sup>(a)</sup> | $150000 | $149081 |
|  |  | 1605790 |
| **Transaction & Payment Processing Services - 0.6%** |  |  |
| Global Payments, Inc. |  |  |
| 4.80%, 04/01/2026  | 200000 | 200047 |
| 4.95%, 08/15/2027  | 1625000 | 1643543 |
|  |  | 1843590 |
| **Total Financials** |  | 28163927 |
| **<u>Health Care</u> - 0.6%** |  |  |
| **Health Care Providers & Services - 0.6%** |  |  |
| HCA, Inc. |  |  |
| 5.25%, 06/15/2026  | 695000 | 695555 |
| 5.20%, 06/01/2028  | 1150000 | 1178484 |
| **Total Health Care** |  | 1874039 |
| **<u>Industrials</u> - 4.1%** |  |  |
| **Aerospace & Defense - 0.6%** |  |  |
| Boeing Co. |  |  |
| 2.75%, 02/01/2026  | 592000 | 591327 |
| 3.10%, 05/01/2026  | 958000 | 954358 |
| Hexcel Corp., 4.20%, 02/15/2027 <sup>(b)</sup> | 570000 | 569077 |
|  |  | 2114762 |
| **Cargo Ground Transportation - 0.1%** |  |  |
| XPO, Inc., 6.25%, 06/01/2028 <sup>(a)</sup> | 250000 | 255377 |
| **Commercial Services - 0.5%** |  |  |
| Ashtead Capital, Inc., 1.50%, 08/12/2026 <sup>(a)</sup> | 1550000 | 1523903 |
| **Construction & Engineering - 0.6%** |  |  |
| MasTec, Inc., 4.50%, 08/15/2028 <sup>(a)</sup> | 1880000 | 1870452 |
| **Passenger Airlines - 1.1%** |  |  |
| Delta Air Lines, Inc., 4.95%, 07/10/2028  | 1825000 | 1858298 |
| Southwest Airlines Co., 4.38%, 11/15/2028  | 1880000 | 1884396 |
|  |  | 3742694 |
| **Trading Companies & Distributors - 1.2%** |  |  |
| Air Lease Corp., 1.88%, 08/15/2026  | 1600000 | 1576618 |
| Aircastle Ltd., 2.85%, 01/26/2028 <sup>(a)</sup> | 1550000 | 1507477 |
| GATX Corp. |  |  |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE ENHANCED INCOME SHORT MATURITY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| 3.25%, 09/15/2026  | $450000 | $447768 |
| 3.50%, 03/15/2028  | 280000 | 276293 |
|  |  | 3808156 |
| **Total Industrials** |  | 13315344 |
| **<u>Information Technology</u> - 1.7%** |  |  |
| **Electronic Manufacturing Services - 0.1%** |  |  |
| Flex Ltd., 3.75%, 02/01/2026  | 300000 | 299751 |
| **Systems Software - 0.6%** |  |  |
| Oracle Corp., 2.30%, 03/25/2028  | 1825000 | 1740680 |
| **Technology Distributors - 1.0%** |  |  |
| Arrow Electronics, Inc. |  |  |
| 7.50%, 01/15/2027  | 500000 | 515288 |
| 3.88%, 01/12/2028  | 1050000 | 1043249 |
| Avnet, Inc. |  |  |
| 4.63%, 04/15/2026  | 1200000 | 1199601 |
| 6.25%, 03/15/2028  | 500000 | 518022 |
|  |  | 3276160 |
| **Total Information Technology** |  | 5316591 |
| **<u>Materials</u> - 2.8%** |  |  |
| **Commodity Chemicals - 0.4%** |  |  |
| Cabot Corp., 3.40%, 09/15/2026  | 1200000 | 1192624 |
| **Fertilizers & Agricultural Chemicals - 0.5%** |  |  |
| FMC Corp., 3.20%, 10/01/2026  | 1550000 | 1534603 |
| **Metal, Glass & Plastic Containers - 0.9%** |  |  |
| Berry Global, Inc., 1.57%, 01/15/2026  | 1200000 | 1198815 |
| Silgan Holdings, Inc., 1.40%, 04/01/2026 <sup>(a)</sup> | 1650000 | 1636175 |
|  |  | 2834990 |
| **Packaging & Containers - 0.0%**<sup>(d)</sup> |  |  |
| Graphic Packaging International LLC, 1.51%, 04/15/2026 <sup>(a)</sup> | 108000 | 107030 |
| **Paper & Plastic Packaging Products & Materials - 0.5%** |  |  |
| Sealed Air Corp., 1.57%, 10/15/2026 <sup>(a)</sup> | 1650000 | 1615587 |
| **Steel - 0.5%** |  |  |
| ArcelorMittal SA, 6.55%, 11/29/2027  | 1700000 | 1771313 |
| **Total Materials** |  | 9056147 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE ENHANCED INCOME SHORT MATURITY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| **<u>Real Estate</u> - 0.4%** | | |
| **Telecom Tower REITs - 0.4%** | | |
| Crown Castle, Inc. |  |  |
| 2.90%, 03/15/2027  | $125000 | $123270 |
| 3.80%, 02/15/2028  | 1160000 | 1151210 |
| **Total Real Estate** |  | 1274480 |
| **<u>Technology</u> - 0.5%** |  |  |
| **Technology Distributors - 0.5%** |  |  |
| CDW LLC / CDW Finance Corp. |  |  |
| 2.67%, 12/01/2026  | 890000 | 878483 |
| 4.25%, 04/01/2028  | 810000 | 808207 |
| **Total Technology** |  | 1686690 |
| **<u>Utilities</u> - 1.6%** |  |  |
| **Electric Utilities - 0.6%** |  |  |
| NRG Energy, Inc., 2.45%, 12/02/2027 <sup>(a)</sup> | 700000 | 677074 |
| Pacific Gas and Electric Co., 3.15%, 01/01/2026  | 1400000 | 1400000 |
|  |  | 2077074 |
| **Gas Utilities - 0.5%** |  |  |
| National Fuel Gas Co., 5.50%, 10/01/2026  | 1550000 | 1565868 |
| **Utilities - 0.5%** |  |  |
| Vistra Operations Co. LLC |  |  |
| 5.05%, 12/30/2026 <sup>(a)</sup> | 400000 | 403060 |
| 3.70%, 01/30/2027 <sup>(a)</sup> | 1150000 | 1143376 |
|  |  | 1546436 |
| **Total Utilities** |  | 5189378 |
| **TOTAL CORPORATE BONDS** (Cost $86,389,967) |  | 86842452 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.2%**  |  |  |
| Federal Home Loan Mortgage Corp. |  |  |
| Series K054, Class A2, 2.75%, 01/25/2026  | 247734 | 247396 |
| Series K055, Class A2, 2.67%, 03/25/2026  | 1970619 | 1965598 |
| Series K056, Class A2, 2.53%, 05/25/2026  | 2102326 | 2092188 |
| Series K058, Class A2, 2.65%, 08/25/2026  | 2777000 | 2756886 |
| Series K734, Class A2, 3.21%, 02/25/2026  | 393518 | 392908 |
| Series K735, Class A2, 2.86%, 05/25/2026  | 1530840 | 1524877 |
| Series K-F100, Class AS, 4.19% (30 day avg SOFR US + 0.18%), 01/25/2028  | 253682 | 253025 |
| Series K-F101, Class AS, 4.21% (30 day avg SOFR US + 0.20%), 01/25/2031  | 279953 | 277149 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE ENHANCED INCOME SHORT MATURITY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| Series K-F102, Class AS, 4.21% (30 day avg SOFR US + 0.20%), 01/25/2031  | $2472918 | $2439972 |
| Series K-F103, Class AS, 4.25% (30 day avg SOFR US + 0.24%), 01/25/2031  | 2458963 | 2429151 |
| Series K-F104, Class AS, 4.26% (30 day avg SOFR US + 0.25%), 01/25/2031  | 507572 | 505249 |
| Series K-F105, Class AS, 4.26% (30 day avg SOFR US + 0.25%), 02/25/2031  | 944788 | 938328 |
| Series K-F107, Class AS, 4.26% (30 day avg SOFR US + 0.25%), 03/25/2028  | 1053542 | 1051593 |
| Series K-F112, Class AS, 4.24% (30 day avg SOFR US + 0.23%), 04/25/2031  | 407489 | 402267 |
| Series K-F113, Class AS, 4.24% (30 day avg SOFR US + 0.23%), 05/25/2028  | 289418 | 287879 |
| Series K-F114, Class AS, 4.23% (30 day avg SOFR US + 0.22%), 05/25/2031  | 1119853 | 1104905 |
| Series K-F115, Class AS, 4.22% (30 day avg SOFR US + 0.21%), 06/25/2031  | 2712338 | 2675282 |
| Series K-F117, Class AS, 4.25% (30 day avg SOFR US + 0.24%), 06/25/2031  | 385215 | 380759 |
| Series K-F118, Class AS, 4.21% (30 day avg SOFR US + 0.20%), 07/25/2028  | 183864 | 182627 |
| Series K-F120, Class AS, 4.21% (30 day avg SOFR US + 0.20%), 08/25/2031  | 1454180 | 1444339 |
| Series K-F121, Class AS, 4.19% (30 day avg SOFR US + 0.18%), 08/25/2028  | 754193 | 748516 |
| Series K-F122, Class AS, 4.20% (30 day avg SOFR US + 0.19%), 09/25/2031  | 1382402 | 1375662 |
| Series KF125, Class AS, 4.23% (30 day avg SOFR US + 0.22%), 10/25/2028  | 957452 | 950898 |
| Series KF127, Class AS, 4.22% (30 day avg SOFR US + 0.21%), 12/25/2028  | 3180778 | 3165303 |
| Series KF129, Class AS, 4.26% (30 day avg SOFR US + 0.25%), 01/25/2029  | 1729042 | 1717762 |
| Series KF133, Class AS, 4.38% (30 day avg SOFR US + 0.37%), 02/25/2029  | 1349098 | 1344553 |
| Series KF160, Class AS, 4.71% (30 day avg SOFR US + 0.70%), 10/25/2030  | 476031 | 478910 |
| Series KF48, Class A, 4.41% (30 day avg SOFR US + 0.40%), 06/25/2028  | 852266 | 850882 |
| Series KF57, Class A, 4.66% (30 day avg SOFR US + 0.65%), 12/25/2028  | 540119 | 542626 |
| Series KF59, Class A, 4.66% (30 day avg SOFR US + 0.65%), 02/25/2029  | 995467 | 998387 |
| Series KF61, Class A, 4.65% (30 day avg SOFR US + 0.64%), 03/25/2029  | 341770 | 342773 |
| Series KF75, Class AL, 4.63% (30 day avg SOFR US + 0.62%), 12/25/2029  | 231074 | 233029 |
| Series KF75, Class AS, 4.55% (SOFR 1M Historical Calendar Day Compounded + 0.55%), 12/25/2029  | 250261 | 250756 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE ENHANCED INCOME SHORT MATURITY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| Series KF79, Class AL, 4.59% (30 day avg SOFR US + 0.58%), 05/25/2030  | $731201 | $732795 |
| Series KF86, Class AS, 4.33% (30 day avg SOFR US + 0.32%), 08/25/2027  | 507760 | 506859 |
| Series KF87, Class AL, 4.47% (30 day avg SOFR US + 0.46%), 08/25/2030  | 93584 | 93796 |
| Series KF87, Class AS, 4.36% (30 day avg SOFR US + 0.35%), 08/25/2030  | 374334 | 373398 |
| Series KF88, Class AL, 4.45% (30 day avg SOFR US + 0.44%), 09/25/2030  | 3325604 | 3319751 |
| Series KF90, Class AS, 4.39% (30 day avg SOFR US + 0.38%), 09/25/2030  | 303439 | 301887 |
| Series KF91, Class AS, 4.39% (30 day avg SOFR US + 0.38%), 10/25/2030  | 311159 | 309580 |
| Series KF93, Class AS, 4.32% (30 day avg SOFR US + 0.31%), 10/25/2027  | 849151 | 847037 |
| Series KF94, Class AL, 4.42% (30 day avg SOFR US + 0.41%), 11/25/2030  | 890919 | 887564 |
| Series KF94, Class AS, 4.35% (30 day avg SOFR US + 0.34%), 11/25/2030  | 296973 | 295999 |
| Series KF95, Class AL, 4.38% (30 day avg SOFR US + 0.37%), 11/25/2030  | 805712 | 803413 |
| Series KF96, Class AL, 4.38% (30 day avg SOFR US + 0.37%), 12/25/2030  | 551237 | 548180 |
| Series KF97, Class AS, 4.26% (30 day avg SOFR US + 0.25%), 12/25/2030  | 197738 | 195563 |
| Series KF99, Class AS, 4.21% (30 day avg SOFR US + 0.20%), 12/25/2030  | 512565 | 505751 |
| Series KJ21, Class A2, 3.70%, 09/25/2026  | 779233 | 777733 |
| Federal National Mortgage Association |  |  |
| Series 2015-M10, Class A2, 3.09%, 04/25/2027 <sup>(c)</sup> | 896643 | 887191 |
| Series 2017-M15, Class ATS2, 3.16%, 11/25/2027 <sup>(c)</sup> | 471908 | 466456 |
| Series 2017-M4, Class A2, 2.57%, 12/25/2026 <sup>(c)</sup> | 847215 | 837021 |
| Freddie Mac Structured Agency Credit Risk Debt Notes |  |  |
| Series 2021-DNA7, Class M1, 4.72% (30 day avg SOFR US + 0.85%), 11/25/2041 <sup>(a)</sup> | 87400 | 87522 |
| Series 2024-DNA1, Class M1, 5.22% (30 day avg SOFR US + 1.35%), 02/25/2044 <sup>(a)</sup> | 733574 | 735870 |
| Series 2024-HQA2, Class M1, 5.07% (30 day avg SOFR US + 1.20%), 08/25/2044 <sup>(a)</sup> | 1026084 | 1028169 |
| GS Mortgage-Backed Securities Trust, Series 2023-PJ6, Class A16, 6.50%, 04/25/2054 <sup>(a)(c)</sup> | 216070 | 220118 |
| Sequoia Mortgage Trust, Series 2023-4, Class A10, 5.88%, 11/25/2053 <sup>(a)(c)</sup> | 88185 | 88370 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE ENHANCED INCOME SHORT MATURITY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| Verus Securitization Trust, Series 2021-R3, Class A3, 1.38%, 04/25/2064 <sup>(a)(c)</sup> | $892756 | $836404 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** (Cost $52,053,553) |  | 52038862 |
| **COLLATERALIZED LOAN OBLIGATIONS - 13.7%**  |  |  |
| Alinea CLO, Series 2018-1A, Class BR, 5.03% (3 mo. Term SOFR + 1.15%), 07/20/2031 <sup>(a)</sup> | 2650000 | 2650117 |
| BCRED BSL Static CLO Ltd., Series 2025-1A, Class AR, 5.54% (3 mo. Term SOFR + 1.25%), 07/24/2035 <sup>(a)</sup> | 2105000 | 2109728 |
| Black Diamond CLO Ltd. |  |  |
| Series 2019-2A, Class A1AR, 5.18% (3 mo. Term SOFR + 1.32%), 07/23/2032 <sup>(a)</sup> | 735398 | 735694 |
| Series 2022-1A, Class B, 6.71% (3 mo. Term SOFR + 2.85%), 10/25/2035 <sup>(a)</sup> | 1000000 | 1000583 |
| Blackrock CLO Ltd., Series 2023-2A, Class A, 6.26% (3 mo. Term SOFR + 2.38%), 10/20/2033 <sup>(a)</sup> | 1000000 | 997822 |
| BlueMountain CLO Ltd., Series 2018-22A, Class A2, 5.57% (3 mo. Term SOFR + 1.66%), 07/15/2031 <sup>(a)</sup> | 1500000 | 1500369 |
| Canyon Capital CLO Ltd., Series 2016-1A, Class AR, 5.24% (3 mo. Term SOFR + 1.33%), 07/15/2031 <sup>(a)</sup> | 801006 | 801176 |
| CarVal CLO, Series 2022-1A, Class A1, 5.38% (3 mo. Term SOFR + 1.51%), 04/21/2034 <sup>(a)</sup> | 2000000 | 2001852 |
| Crown Point CLO Ltd., Series 2020-9A, Class AR, 5.36% (3 mo. Term SOFR + 1.45%), 07/14/2034 <sup>(a)</sup> | 4400000 | 4402618 |
| Dryden Senior Loan Fund, Series 2018-61A, Class A1R2, 4.96% (3 mo. Term SOFR + 1.08%), 01/17/2032 <sup>(a)</sup> | 1936832 | 1936782 |
| Fortress Credit Opportunities, Series 2025-31A, Class A1, 5.38% (3 mo. Term SOFR + 1.50%), 07/20/2033 <sup>(a)</sup> | 1499954 | 1499581 |
| Gallatin CLO Ltd., Series 2017-1A, Class A1R, 5.26% (3 mo. Term SOFR + 1.35%), 07/15/2031 <sup>(a)</sup> | 988920 | 988912 |
| Golub Capital Partners CLO Ltd., Series 2022-61A, Class A1AR, 5.09% (3 mo. Term SOFR + 1.23%), 07/25/2035 <sup>(a)</sup> | 1040000 | 1037695 |
| KKR CLO Trust, Series 18, Class A1R2, 5.19% (3 mo. Term SOFR + 1.05%), 10/18/2035 <sup>(a)</sup> | 1750000 | 1752690 |
| LJV I MM CLO LLC, Series 2022-1A, Class A1, 5.71% (3 mo. Term SOFR + 1.85%), 04/28/2034 <sup>(a)</sup> | 2313878 | 2313778 |
| Maranon Loan Funding Ltd., Series 2021-3A, Class XR, 5.20% (3 mo. Term SOFR + 1.30%), 10/15/2036 <sup>(a)</sup> | 750000 | 748354 |
| Milos Clo, Series 2017-1A, Class AR, 5.22% (3 mo. Term SOFR + 1.33%), 10/20/2030 <sup>(a)</sup> | 122019 | 122028 |
| Octagon Investment Partners Ltd., Series 2016-1A, Class XRR, 5.17% (3 mo. Term SOFR + 1.30%), 04/24/2037 <sup>(a)</sup> | 921053 | 923552 |
| OZLM Ltd., Series 2019-24A, Class A1AR, 5.31% (3 mo. Term SOFR + 1.42%), 07/20/2032 <sup>(a)</sup> | 1013161 | 1013077 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE ENHANCED INCOME SHORT MATURITY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| Palmer Square Loan Funding Ltd. |  |  |
| Series 2022-3A, Class A1AR, 5.00% (3 mo. Term SOFR + 1.10%), 04/15/2031 <sup>(a)</sup> | $24103 | $24043 |
| Series 2024-1A, Class A1, 4.95% (3 mo. Term SOFR + 1.05%), 10/15/2032 <sup>(a)</sup> | 2736424 | 2736742 |
| ROMARK CLO LLC, Series 2021-4A, Class A1R, 5.07% (3 mo. Term SOFR + 1.14%), 07/10/2034 <sup>(a)</sup> | 1000000 | 999581 |
| Sound Point CLO Ltd. |  |  |
| Series 2015-2A, Class ARRR, 5.36% (3 mo. Term SOFR + 1.47%), 07/20/2032 <sup>(a)</sup> | 2098774 | 2099888 |
| Series 2018-1A, Class A, 5.17% (3 mo. Term SOFR + 1.26%), 04/15/2031 <sup>(a)</sup> | 1940928 | 1940979 |
| Steele Creek CLO Ltd., Series 2014-1RA, Class B, 5.63% (3 mo. Term SOFR + 1.76%), 04/21/2031 <sup>(a)</sup> | 118817 | 118817 |
| Symphony CLO Ltd. |  |  |
| Series 2014-15A, Class AR3, 5.22% (3 mo. Term SOFR + 1.34%), 01/17/2032 <sup>(a)</sup> | 850221 | 850400 |
| Series 2021-26A, Class AR, 5.23% (3 mo. Term SOFR + 1.34%), 04/20/2033 <sup>(a)</sup> | 1806707 | 1808464 |
| Series 2025-52A, Class A, 5.31% (3 mo. Term SOFR + 1.41%), 01/16/2031 <sup>(a)</sup> | 75270 | 75270 |
| THL Credit Lake Shore MM CLO Ltd., Series 2019-2A, Class A1RR, 5.28% (3 mo. Term SOFR + 1.40%), 10/17/2031 <sup>(a)</sup> | 397501 | 397356 |
| TIAA CLO Ltd., Series 2016-1A, Class ARR, 5.13% (3 mo. Term SOFR + 1.25%), 07/20/2031 <sup>(a)</sup> | 412032 | 412031 |
| Trinitas CLO Ltd., Series 2020-14A, Class A1R2, 4.96% (3 mo. Term SOFR + 1.10%), 01/25/2034 <sup>(a)</sup> | 2200000 | 2199578 |
| Venture CDO Ltd., Series 2018-32A, Class A1, 5.25% (3 mo. Term SOFR + 1.36%), 07/18/2031 <sup>(a)</sup> | 262113 | 262306 |
| Voya CLO Ltd., Series 2019-3A, Class AR, 5.22% (3 mo. Term SOFR + 1.34%), 10/17/2032 <sup>(a)</sup> | 1549568 | 1547512 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $44,044,084) | **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $44,044,084) | 44009375 |
| **MORTGAGE-BACKED SECURITIES - 4.5%**  |  |  |
| Federal Home Loan Mortgage Corp. |  |  |
| Pool WN2035, 2.05%, 10/01/2026  | 1571908 | 1551360 |
| Series KF130, Class AS, 4.30% (30 day avg SOFR US + 0.29%), 01/25/2029  | 588125 | 586858 |
| Series KF135, Class AS, 4.38% (30 day avg SOFR US + 0.37%), 05/25/2029  | 605745 | 604882 |
| Series KF166, Class AS, 4.61% (30 day avg SOFR US + 0.60%), 01/25/2032  | 2000000 | 2003536 |
| Series KJ49, Class AFL, 4.61% (30 day avg SOFR US + 0.60%), 01/25/2031  | 907179 | 908200 |
| Federal National Mortgage Association |  |  |
| Pool AN1613, 2.55%, 07/01/2026  | 2594904 | 2573164 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE ENHANCED INCOME SHORT MATURITY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| Pool AN1760, 2.63%, 06/01/2026  | $1000000 | $991628 |
| Pool AN3381, 2.52%, 10/01/2026  | 2698578 | 2663348 |
| Pool AN7890, 3.06%, 12/01/2027  | 2750000 | 2696334 |
| **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $14,595,650) |  | 14579310 |
| **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 4.4%**  | **Shares** |  |
| First American Government Obligations Fund - Class X, 3.67% <sup>(e)</sup> | 14198428 | 14198428 |
| **TOTAL MONEY MARKET FUNDS** (Cost $14,198,428) |  | 14198428 |
| **U.S. TREASURY BILLS - 2.8%**  | **Par** |  |
| 3.64%, 03/10/2026 <sup>(f)</sup> | $3000000 | 2980622 |
| 0.00%, 04/30/2026 <sup>(g)</sup> | 6000000 | 5931083 |
| **TOTAL U.S. TREASURY BILLS** (Cost $8,910,632) |  | 8911705 |
| **TOTAL INVESTMENTS - 101.4% (**Cost $326,136,469**)** |  | $325973134 |
| Liabilities in Excess of Other Assets - (1.4)% <sup>(h)</sup> |  | (4420047) |
| **TOTAL NET ASSETS - 100.0%** |  | $321553087 |

---

Percentages are stated as a percent of net assets.

---

| |
|:---|
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| PLC - Public Limited Company |
| REIT - Real Estate Investment Trust |
| SOFR - Secured Overnight Financing Rate |

---

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of December 31, 2025, the value of these securities total $170,451,015 or 53.0% of the Fund's net assets.

(b) Step coupon bond. The rate disclosed is as of December 31, 2025.

(c) Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of December 31, 2025.

(d) Represents less than 0.05% of net assets.

(e) The rate shown represents the 7-day annualized yield as of December 31, 2025.

(f) The rate shown is the annualized yield as of December 31, 2025.

(g) Zero coupon bonds make no periodic interest payments.

(h) Includes cash of $41,325 that is pledged as collateral for derivatives.

(i) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $995,040 or 0.3% of net assets as of December 31, 2025.

The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE INTERNATIONAL DEVELOPED MARKETS ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **COMMON STOCKS - 99.2%**  | | |
| **Australia - 4.8%**  | |  |
| ANZ Group Holdings Ltd.  | 3814 | $92496 |
| BHP Group Ltd.  | 6239 | 189403 |
| Commonwealth Bank of Australia  | 2101 | 225136 |
| CSL Ltd.  | 610 | 70283 |
| Macquarie Group Ltd.  | 476 | 64548 |
| National Australia Bank Ltd.  | 3846 | 108594 |
| Rio Tinto Ltd.  | 462 | 45267 |
| Transurban Group  | 3808 | 36112 |
| Wesfarmers Ltd.  | 1431 | 77439 |
| Westpac Banking Corp.  | 4291 | 110535 |
| Woodside Energy Group Ltd.  | 2338 | 36807 |
|  |  | 1056620 |
| **Austria - 0.2%**  |  |  |
| Erste Group Bank AG  | 415 | 50185 |
| **Belgium - 0.8%**  |  |  |
| Anheuser-Busch InBev SA/NV  | 1258 | 81164 |
| KBC Group NV  | 324 | 42360 |
| UCB SA  | 154 | 43182 |
|  |  | 166706 |
| **Canada - 12.9%**  |  |  |
| Agnico Eagle Mines Ltd.  | 630 | 106837 |
| Alimentation Couche-Tard, Inc.  | 953 | 52047 |
| Bank of Montreal  | 859 | 111556 |
| Bank of Nova Scotia  | 1534 | 113137 |
| Barrick Mining Corp.  | 2142 | 93308 |
| Brookfield Corp.  | 2516 | 115521 |
| Cameco Corp.  | 558 | 51094 |
| Canadian Imperial Bank of Commerce  | 1140 | 103348 |
| Canadian National Railway Co.  | 770 | 76156 |
| Canadian Natural Resources Ltd.  | 2590 | 87727 |
| Canadian Pacific Kansas City Ltd.  | 1139 | 83856 |
| Celestica, Inc. <sup>(a)</sup> | 143 | 42300 |
| Cenovus Energy, Inc.  | 2119 | 35848 |
| Constellation Software, Inc.  | 25 | 60133 |
| Dollarama, Inc.  | 336 | 50218 |
| Enbridge, Inc.  | 2742 | 131212 |
| Fairfax Financial Holdings Ltd.  | 28 | 53364 |
| Fortis, Inc.  | 645 | 33534 |
| Franco-Nevada Corp.  | 238 | 49334 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE INTERNATIONAL DEVELOPED MARKETS ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Intact Financial Corp.  | 224 | $46631 |
| Kinross Gold Corp.  | 1489 | 41940 |
| Loblaw Cos. Ltd.  | 723 | 32685 |
| Manulife Financial Corp.  | 2104 | 76400 |
| National Bank of Canada  | 481 | 60490 |
| Nutrien Ltd.  | 591 | 36479 |
| Power Corp. of Canada  | 644 | 34228 |
| Royal Bank of Canada  | 1664 | 283676 |
| Shopify, Inc. - Class A <sup>(a)</sup> | 1529 | 246191 |
| Sun Life Financial, Inc.  | 714 | 44571 |
| Suncor Energy, Inc.  | 1513 | 67154 |
| TC Energy Corp.  | 1305 | 71860 |
| Toronto-Dominion Bank  | 2070 | 195093 |
| Waste Connections, Inc.  | 322 | 56473 |
| Wheaton Precious Metals Corp.  | 583 | 68539 |
|  |  | 2812940 |
| **Denmark - 1.5%**  |  |  |
| Danske Bank AS  | 826 | 41406 |
| DSV AS  | 238 | 60477 |
| Novo Nordisk AS  | 4264 | 218210 |
|  |  | 320093 |
| **Finland - 0.7%**  |  |  |
| Nokia Oyj  | 6852 | 44868 |
| Nordea Bank Abp  | 4095 | 77408 |
| Sampo Oyj  | 2988 | 36274 |
|  |  | 158550 |
| **France - 10.4%**  |  |  |
| Air Liquide SA  | 723 | 136168 |
| Airbus SE  | 747 | 174170 |
| AXA SA  | 2242 | 107921 |
| BNP Paribas SA  | 1307 | 124092 |
| Capgemini SE  | 206 | 34437 |
| Cie de Saint-Gobain SA  | 490 | 50076 |
| Danone SA  | 811 | 73178 |
| Engie SA  | 2048 | 53937 |
| EssilorLuxottica SA  | 397 | 125923 |
| Hermes International SCA  | 42 | 104738 |
| Legrand SA  | 322 | 48153 |
| L'Oreal SA  | 301 | 129679 |
| LVMH Moet Hennessy Louis Vuitton SE  | 322 | 244077 |
| Orange SA  | 2271 | 37898 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE INTERNATIONAL DEVELOPED MARKETS ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Safran SA  | 434 | $151685 |
| Sanofi SA  | 1418 | 137847 |
| Schneider Electric SE  | 689 | 190201 |
| Societe Generale SA  | 959 | 77449 |
| TotalEnergies SE  | 2572 | 168027 |
| Vinci SA  | 715 | 100874 |
|  |  | 2270530 |
| **Germany - 9.3%**  |  |  |
| adidas AG  | 211 | 41919 |
| Allianz SE  | 485 | 222574 |
| BASF SE  | 1149 | 59994 |
| Bayer AG  | 1162 | 50540 |
| Bayerische Motoren Werke AG  | 364 | 39843 |
| Commerzbank AG  | 866 | 36740 |
| Deutsche Bank AG  | 2246 | 87394 |
| Deutsche Boerse AG  | 238 | 62568 |
| Deutsche Post AG  | 1190 | 65351 |
| Deutsche Telekom AG  | 4359 | 141694 |
| E.ON SE  | 2682 | 50824 |
| Heidelberg Materials AG  | 152 | 39835 |
| Infineon Technologies AG  | 1539 | 68240 |
| Mercedes-Benz Group AG  | 987 | 69676 |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen  | 164 | 108354 |
| Rheinmetall AG  | 58 | 106400 |
| RWE AG  | 850 | 45211 |
| SAP SE  | 1351 | 330796 |
| Siemens AG  | 986 | 277114 |
| Siemens Energy AG <sup>(a)</sup> | 902 | 127627 |
|  |  | 2032694 |
| **Hong Kong - 1.2%**  |  |  |
| AIA Group Ltd.  | 13168 | 135187 |
| Hong Kong Exchanges & Clearing Ltd.  | 1534 | 80340 |
| Prudential PLC  | 3216 | 49614 |
|  |  | 265141 |
| **Ireland - 0.2%**  |  |  |
| Experian PLC  | 1180 | 53491 |
| **Israel - 0.5%**  |  |  |
| Bank Hapoalim BM  | 1562 | 35340 |
| Bank Leumi Le-Israel BM  | 1550 | 34168 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE INTERNATIONAL DEVELOPED MARKETS ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Teva Pharmaceutical Industries Ltd. <sup>(a)</sup> | 1366 | $43281 |
|  |  | 112789 |
| **Italy - 2.7%**  |  |  |
| Enel SpA  | 9854 | 102799 |
| Eni SpA  | 2535 | 48083 |
| Ferrari NV  | 135 | 50563 |
| Generali  | 1363 | 57264 |
| Intesa Sanpaolo SpA  | 19210 | 133670 |
| Prysmian SpA  | 373 | 37865 |
| UniCredit SpA  | 1919 | 159939 |
|  |  | 590183 |
| **Japan - 18.1%**  |  |  |
| Advantest Corp.  | 910 | 114069 |
| Aeon Co. Ltd.  | 2907 | 45969 |
| Bridgestone Corp.  | 1400 | 31407 |
| Chugai Pharmaceutical Co. Ltd.  | 784 | 41257 |
| Dai-ichi Life Holdings, Inc.  | 4480 | 37281 |
| Daiichi Sankyo Co. Ltd.  | 2324 | 49673 |
| Daikin Industries Ltd.  | 336 | 43073 |
| Disco Corp.  | 112 | 34442 |
| East Japan Railway Co.  | 1292 | 34082 |
| FANUC Corp.  | 1162 | 45133 |
| Fast Retailing Co. Ltd.  | 226 | 82153 |
| Fujikura Ltd.  | 344 | 38300 |
| Fujitsu Ltd.  | 2184 | 60358 |
| Hitachi Ltd.  | 5583 | 174718 |
| Honda Motor Co. Ltd.  | 4766 | 46735 |
| Hoya Corp.  | 420 | 63507 |
| ITOCHU Corp.  | 8750 | 110325 |
| Japan Tobacco, Inc.  | 1344 | 48392 |
| KDDI Corp.  | 3649 | 63096 |
| Keyence Corp.  | 238 | 86120 |
| Komatsu Ltd.  | 1148 | 36645 |
| Marubeni Corp.  | 2016 | 56024 |
| Mitsubishi Corp.  | 4530 | 103706 |
| Mitsubishi Electric Corp.  | 2453 | 71802 |
| Mitsubishi Estate Co. Ltd.  | 1400 | 34151 |
| Mitsubishi Heavy Industries Ltd.  | 4078 | 99971 |
| Mitsubishi UFJ Financial Group, Inc.  | 12615 | 200774 |
| Mitsui & Co. Ltd.  | 3514 | 104159 |
| Mitsui Fudosan Co. Ltd.  | 3192 | 36283 |
| Mizuho Financial Group, Inc.  | 2940 | 106984 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE INTERNATIONAL DEVELOPED MARKETS ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| MS&AD Insurance Group Holdings, Inc.  | 1633 | $38396 |
| Murata Manufacturing Co. Ltd.  | 2268 | 46999 |
| NEC Corp.  | 1647 | 55832 |
| Nintendo Co. Ltd.  | 1464 | 99024 |
| NTT, Inc.  | 64260 | 64695 |
| ORIX Corp.  | 1330 | 38667 |
| Otsuka Holdings Co. Ltd.  | 542 | 30702 |
| Panasonic Holdings Corp.  | 2840 | 36688 |
| Recruit Holdings Co. Ltd.  | 1708 | 96468 |
| Seven & i Holdings Co. Ltd.  | 2524 | 36263 |
| Shin-Etsu Chemical Co. Ltd.  | 2314 | 71987 |
| SoftBank Corp.  | 35523 | 48713 |
| SoftBank Group Corp.  | 4668 | 131124 |
| Sompo Holdings, Inc.  | 1120 | 38153 |
| Sony Group Corp.  | 7480 | 192157 |
| Sumitomo Corp.  | 1428 | 49338 |
| Sumitomo Electric Industries Ltd.  | 935 | 37755 |
| Sumitomo Mitsui Financial Group, Inc.  | 4514 | 145270 |
| Suzuki Motor Corp.  | 2191 | 32654 |
| Takeda Pharmaceutical Co. Ltd.  | 1899 | 58616 |
| TDK Corp.  | 2261 | 31914 |
| Tokio Marine Holdings, Inc.  | 2254 | 83705 |
| Tokyo Electron Ltd.  | 561 | 122916 |
| Toyota Motor Corp.  | 12956 | 277581 |
|  |  | 3966206 |
| **Netherlands - 4.6%**  |  |  |
| Adyen NV <sup>(a)(b)</sup> | 37 | 59788 |
| Argenx SE <sup>(a)</sup> | 77 | 64863 |
| ASM International NV  | 57 | 34672 |
| ASML Holding NV  | 478 | 517592 |
| Ferrovial SE  | 623 | 40517 |
| ING Groep NV  | 3680 | 103837 |
| Koninklijke Ahold Delhaize NV  | 1162 | 47618 |
| Prosus NV  | 1580 | 98133 |
| Universal Music Group NV  | 1382 | 36104 |
|  |  | 1003124 |
| **Singapore - 1.5%**  |  |  |
| DBS Group Holdings Ltd.  | 2588 | 113474 |
| Oversea-Chinese Banking Corp. Ltd.  | 4935 | 75864 |
| Sea Ltd. - ADR <sup>(a)</sup> | 341 | 43501 |
| Singapore Telecommunications Ltd.  | 10543 | 37320 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE INTERNATIONAL DEVELOPED MARKETS ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| United Overseas Bank Ltd.  | 1788 | $48769 |
|  |  | 318928 |
| **Spain - 3.4%**  |  |  |
| Amadeus IT Group SA  | 545 | 40248 |
| Banco Bilbao Vizcaya Argentaria SA  | 7276 | 171442 |
| Banco Santander SA  | 18473 | 218614 |
| CaixaBank SA  | 4113 | 50487 |
| Iberdrola SA  | 8117 | 176139 |
| Industria de Diseno Textil SA  | 1404 | 92960 |
|  |  | 749890 |
| **Sweden - 1.9%**  |  |  |
| Assa Abloy AB - Class B  | 1204 | 46936 |
| Atlas Copco AB - Class A  | 3165 | 57085 |
| Investor AB <sup>(a)</sup> | 2270 | 81465 |
| Sandvik AB  | 1288 | 42054 |
| Skandinaviska Enskilda Banken AB - Class A  | 1863 | 39480 |
| Swedbank AB - Class A  | 1344 | 46875 |
| Telefonaktiebolaget LM Ericsson - Class B  | 3568 | 35112 |
| Volvo AB - Class B  | 1906 | 61260 |
|  |  | 410267 |
| **Switzerland - 10.2%**  |  |  |
| ABB Ltd.  | 1955 | 146162 |
| Alcon AG  | 641 | 51209 |
| Amrize Ltd. <sup>(a)</sup> | 593 | 32618 |
| Cie Financiere Richemont SA  | 652 | 141619 |
| Galderma Group AG  | 167 | 34176 |
| Geberit AG  | 42 | 32853 |
| Givaudan SA  | 10 | 39717 |
| Glencore PLC  | 13652 | 74814 |
| Holcim AG  | 606 | 59491 |
| Lonza Group AG  | 87 | 59069 |
| Nestle SA  | 3233 | 321382 |
| Novartis AG  | 2465 | 341073 |
| Partners Group Holding AG  | 28 | 34727 |
| Roche Holding AG  | 885 | 366692 |
| Sandoz Group AG  | 564 | 41184 |
| Sika AG  | 208 | 42698 |
| Swiss Life Holding AG  | 36 | 41668 |
| Swiss Re AG  | 380 | 63733 |
| UBS Group AG  | 3494 | 163033 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE INTERNATIONAL DEVELOPED MARKETS ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Zurich Insurance Group AG  | 185 | $140554 |
|  |  | 2228472 |
| **United Kingdom - 14.1%**  |  |  |
| 3i Group PLC  | 1242 | 54627 |
| Anglo American PLC  | 1446 | 60131 |
| Ashtead Group PLC  | 532 | 36472 |
| AstraZeneca PLC  | 1902 | 353547 |
| Aviva PLC - Class B <sup>(a)</sup> | 3680 | 33949 |
| BAE Systems PLC  | 3770 | 87101 |
| Barclays PLC  | 17650 | 113234 |
| BP PLC  | 18292 | 106714 |
| British American Tobacco PLC  | 2805 | 159331 |
| Compass Group PLC  | 2112 | 67300 |
| Diageo PLC  | 2824 | 61039 |
| GSK PLC  | 4852 | 119326 |
| Haleon PLC  | 11184 | 56503 |
| HSBC Holdings PLC  | 21810 | 345082 |
| Imperial Brands PLC  | 1009 | 42421 |
| Lloyds Banking Group PLC  | 74237 | 98306 |
| London Stock Exchange Group PLC  | 625 | 75418 |
| National Grid PLC  | 6120 | 94167 |
| NatWest Group PLC  | 10082 | 88580 |
| Reckitt Benckiser Group PLC  | 868 | 70224 |
| RELX PLC  | 2219 | 90331 |
| Rio Tinto PLC  | 1359 | 109802 |
| Rolls-Royce Holdings PLC  | 10564 | 163756 |
| Shell PLC  | 7263 | 268249 |
| SSE PLC  | 1334 | 39182 |
| Standard Chartered PLC  | 2952 | 72500 |
| Tesco PLC  | 8126 | 48392 |
| Unilever PLC  | 2704 | 177121 |
|  |  | 3092805 |
| **United States - 0.2%**  |  |  |
| Flutter Entertainment PLC <sup>(a)</sup> | 209 | 45441 |
| **TOTAL COMMON STOCKS** (Cost $17,345,111) |  | 21705055 |
| **REAL ESTATE INVESTMENT TRUSTS - 0.2%**  |  |  |
| **Australia - 0.2%**  |  |  |
| Goodman Group  | 2381 | 49226 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $54,070) |  | 49226 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE INTERNATIONAL DEVELOPED MARKETS ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **PREFERRED STOCKS - 0.2%**  | | |
| **Germany - 0.2%**  | |  |
| Volkswagen AG | 248 | $30180 |
| **TOTAL PREFERRED STOCKS** (Cost $29,230) |  | 30180 |
| **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 0.3%**  |  |  |
| First American Government Obligations Fund - Class X, 3.67% <sup>(c)</sup> | 62178 | 62178 |
| **TOTAL MONEY MARKET FUNDS** (Cost $62,178) |  | 62178 |
| **TOTAL INVESTMENTS - 99.9% (**Cost $17,490,589**)** |  | $21846639 |
| Other Assets in Excess of Liabilities - 0.1%  |  | 26793 |
| **TOTAL NET ASSETS - 100.0%** |  | $21873432 |

---

Percentages are stated as a percent of net assets.

---

| |
|:---|
| ADR - American Depositary Receipt |
| PLC - Public Limited Company |

---

(a) Non-income producing security.

(b) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of December 31, 2025, the value of these securities total $59,788 or 0.3% of the Fund's net assets.

(c) The rate shown represents the 7-day annualized yield as of December 31, 2025.

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE MID-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **COMMON STOCKS - 92.5%**  | | |
| **<u>Communication Services</u> - 3.2%**  | |  |
| **Alternative Carriers - 0.4%** |  |  |
| AST SpaceMobile, Inc. <sup>(a)</sup> | 1201 | $87229 |
| **Broadcasting - 0.3%** |  |  |
| Paramount Skydance Corp.  | 4963 | 66504 |
| **Cable & Satellite - 0.7%** |  |  |
| EchoStar Corp. - Class A <sup>(a)</sup> | 748 | 81308 |
| Liberty Broadband Corp. - Class A <sup>(a)</sup> | 92 | 4442 |
| Liberty Broadband Corp. - Class C <sup>(a)</sup> | 641 | 31152 |
| Sirius XM Holdings, Inc.  | 1065 | 21295 |
|  |  | 138197 |
| **Integrated Telecommunication Services - 0.3%** |  |  |
| Frontier Communications Parent, Inc. <sup>(a)</sup> | 1387 | 52803 |
| **Interactive Media & Services - 0.2%** |  |  |
| Match Group, Inc.  | 1376 | 44431 |
| **Movies & Entertainment - 0.5%** |  |  |
| Liberty Live Holdings, Inc. - Class A <sup>(a)</sup> | 110 | 8965 |
| Liberty Live Holdings, Inc. - Class C <sup>(a)</sup> | 294 | 24449 |
| Roku, Inc. <sup>(a)</sup> | 723 | 78438 |
|  |  | 111852 |
| **Publishing - 0.6%** |  |  |
| New York Times Co. - Class A  | 859 | 59632 |
| News Corp. - Class A  | 2127 | 55557 |
| News Corp. - Class B  | 703 | 20830 |
|  |  | 136019 |
| **Wireless Telecommunication Services - 0.2%** |  |  |
| Millicom International Cellular SA  | 568 | 31490 |
| **Total Communication Services** |  | 668525 |
| **<u>Consumer Discretionary</u> - 10.7%**  |  |  |
| **Apparel Retail - 0.8%** |  |  |
| Burlington Stores, Inc. <sup>(a)</sup> | 358 | 103408 |
| Gap, Inc.  | 1389 | 35559 |
| Urban Outfitters, Inc. <sup>(a)</sup> | 359 | 27018 |
|  |  | 165985 |
| **Apparel, Accessories & Luxury Goods - 0.4%** |  |  |
| Levi Strauss & Co. - Class A  | 574 | 11905 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE MID-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Ralph Lauren Corp.  | 218 | $77087 |
|  |  | 88992 |
| **Automobile Manufacturers - 0.0%**<sup>(b)</sup> |  |  |
| Lucid Group, Inc. <sup>(a)</sup> | 725 | 7663 |
| **Automotive Parts & Equipment - 0.3%** |  |  |
| BorgWarner, Inc.  | 1229 | 55379 |
| **Automotive Retail - 0.8%** |  |  |
| AutoNation, Inc. <sup>(a)</sup> | 192 | 39644 |
| CarMax, Inc. <sup>(a)</sup> | 843 | 32574 |
| Lithia Motors, Inc.  | 134 | 44532 |
| Murphy USA, Inc.  | 99 | 39949 |
| Penske Automotive Group, Inc.  | 105 | 16620 |
|  |  | 173319 |
| **Broadline Retail - 0.2%** |  |  |
| Dillard's, Inc. - Class A  | 15 | 9095 |
| Ollie's Bargain Outlet Holdings, Inc. <sup>(a)</sup> | 343 | 37596 |
|  |  | 46691 |
| **Casinos & Gaming - 0.9%** |  |  |
| Boyd Gaming Corp.  | 321 | 27362 |
| Churchill Downs, Inc.  | 344 | 39140 |
| MGM Resorts International <sup>(a)</sup> | 1073 | 39154 |
| Red Rock Resorts, Inc. - Class A  | 281 | 17408 |
| Sportradar Group AG - Class A <sup>(a)</sup> | 848 | 20157 |
| Wynn Resorts Ltd.  | 439 | 52825 |
|  |  | 196046 |
| **Computer & Electronics Retail - 0.2%** |  |  |
| GameStop Corp. - Class A <sup>(a)</sup> | 2309 | 46365 |
| **Distributors - 0.4%** |  |  |
| LKQ Corp.  | 1444 | 43609 |
| Pool Corp.  | 184 | 42090 |
|  |  | 85699 |
| **Education Services - 0.4%** |  |  |
| Bright Horizons Family Solutions, Inc. <sup>(a)</sup> | 319 | 32347 |
| Duolingo, Inc. <sup>(a)</sup> | 223 | 39136 |
|  |  | 71483 |
| **Footwear - 0.3%** |  |  |
| On Holding AG - Class A <sup>(a)</sup> | 1286 | 59773 |
| **Home Furnishings - 0.6%** |  |  |
| Mohawk Industries, Inc. <sup>(a)</sup> | 287 | 31369 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE MID-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Somnigroup International, Inc.  | 1157 | $103297 |
|  |  | 134666 |
| **Home Improvement Retail - 0.2%** |  |  |
| Floor & Decor Holdings, Inc. - Class A <sup>(a)</sup> | 604 | 36778 |
| **Homebuilding - 0.7%** |  |  |
| Toll Brothers, Inc.  | 550 | 74371 |
| TopBuild Corp. <sup>(a)</sup> | 160 | 66750 |
|  |  | 141121 |
| **Homefurnishing Retail - 0.3%** |  |  |
| Wayfair, Inc. - Class A <sup>(a)</sup> | 578 | 58037 |
| **Hotels, Resorts & Cruise Lines - 0.6%** |  |  |
| Hyatt Hotels Corp. - Class A  | 227 | 36393 |
| Norwegian Cruise Line Holdings Ltd. <sup>(a)</sup> | 2628 | 58657 |
| Wyndham Hotels & Resorts, Inc.  | 418 | 31584 |
|  |  | 126634 |
| **Household Appliances - 0.2%** |  |  |
| SharkNinja, Inc. <sup>(a)</sup> | 435 | 48676 |
| **Leisure Facilities - 0.3%** |  |  |
| Life Time Group Holdings, Inc. <sup>(a)</sup> | 742 | 19722 |
| Planet Fitness, Inc. - Class A <sup>(a)</sup> | 471 | 51090 |
|  |  | 70812 |
| **Leisure Products - 0.3%** |  |  |
| Hasbro, Inc.  | 744 | 61008 |
| **Other Specialty Retail - 0.9%** |  |  |
| Bath & Body Works, Inc.  | 1189 | 23875 |
| Chewy, Inc. - Class A <sup>(a)</sup> | 1232 | 40718 |
| Dick's Sporting Goods, Inc.  | 360 | 71269 |
| Five Below, Inc. <sup>(a)</sup> | 303 | 57073 |
|  |  | 192935 |
| **Restaurants - 1.3%** |  |  |
| Aramark  | 1467 | 54074 |
| Brinker International, Inc. <sup>(a)</sup> | 244 | 35019 |
| Cava Group, Inc. <sup>(a)</sup> | 557 | 32690 |
| Dutch Bros, Inc. - Class A <sup>(a)</sup> | 680 | 41630 |
| Texas Roadhouse, Inc.  | 373 | 61918 |
| Wingstop, Inc.  | 156 | 37204 |
|  |  | 262535 |
| **Specialized Consumer Services - 0.6%** |  |  |
| ADT, Inc.  | 2959 | 23879 |
| H&R Block, Inc.  | 747 | 32554 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE MID-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Service Corp. International  | 774 | $60349 |
|  |  | 116782 |
| **Total Consumer Discretionary** |  | 2247379 |
| **<u>Consumer Staples</u> - 4.7%**  |  |  |
| **Agricultural Products & Services - 0.6%** |  |  |
| Bunge Global SA  | 931 | 82934 |
| Ingredion, Inc.  | 358 | 39473 |
|  |  | 122407 |
| **Brewers - 0.2%** |  |  |
| Molson Coors Beverage Co. - Class B  | 952 | 44439 |
| **Consumer Staples Merchandise Retail - 0.3%** |  |  |
| BJ's Wholesale Club Holdings, Inc. <sup>(a)</sup> | 741 | 66712 |
| **Food Distributors - 0.8%** |  |  |
| Performance Food Group Co. <sup>(a)</sup> | 865 | 77781 |
| US Foods Holding Corp. <sup>(a)</sup> | 1258 | 94752 |
|  |  | 172533 |
| **Food Retail - 1.2%** |  |  |
| Albertsons Cos., Inc. - Class A  | 2193 | 37654 |
| Casey's General Stores, Inc.  | 208 | 114964 |
| Maplebear, Inc. <sup>(a)</sup> | 1096 | 49298 |
| Sprouts Farmers Market, Inc. <sup>(a)</sup> | 572 | 45571 |
|  |  | 247487 |
| **Packaged Foods & Meats - 0.8%** |  |  |
| Campbell's Co.  | 1101 | 30685 |
| Conagra Brands, Inc.  | 2680 | 46391 |
| J M Smucker Co.  | 597 | 58393 |
| Lamb Weston Holdings, Inc.  | 778 | 32590 |
| Pilgrim's Pride Corp.  | 246 | 9591 |
|  |  | 177650 |
| **Personal Care Products - 0.2%** |  |  |
| BellRing Brands, Inc. <sup>(a)</sup> | 707 | 18898 |
| elf Beauty, Inc. <sup>(a)</sup> | 311 | 23649 |
|  |  | 42547 |
| **Soft Drinks & Non-alcoholic Beverages - 0.6%** |  |  |
| Celsius Holdings, Inc. <sup>(a)</sup> | 1077 | 49262 |
| Coca-Cola Consolidated, Inc.  | 315 | 48289 |
| Primo Brands Corp.  | 1442 | 23577 |
|  |  | 121128 |
| **Total Consumer Staples** |  | 994903 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE MID-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **<u>Energy</u> - 2.5%**  | |  |
| **Oil & Gas Exploration & Production - 1.7%** |  |  |
| Antero Resources Corp. <sup>(a)</sup> | 1641 | $56549 |
| APA Corp.  | 2030 | 49654 |
| Chord Energy Corp.  | 318 | 29478 |
| Matador Resources Co.  | 645 | 27374 |
| Ovintiv, Inc.  | 1430 | 56042 |
| Permian Resources Corp.  | 4098 | 57495 |
| Range Resources Corp.  | 1309 | 46155 |
| Viper Energy, Inc. - Class A  | 940 | 36312 |
|  |  | 359059 |
| **Oil & Gas Refining & Marketing - 0.2%** |  |  |
| HF Sinclair Corp.  | 898 | 41380 |
| **Oil & Gas Storage & Transportation - 0.6%** |  |  |
| Antero Midstream Corp.  | 1875 | 33356 |
| DT Midstream, Inc.  | 569 | 68098 |
| Hess Midstream LP - Class A  | 733 | 25289 |
| Kinetik Holdings, Inc.  | 244 | 8796 |
|  |  | 135539 |
| **Total Energy** |  | 535978 |
| **<u>Financials</u> - 13.2%**  |  |  |
| **Asset Management & Custody Banks - 1.2%** |  |  |
| Franklin Resources, Inc.  | 1762 | 42094 |
| Hamilton Lane, Inc. - Class A  | 222 | 29817 |
| Invesco Ltd.  | 2489 | 65386 |
| Janus Henderson Group PLC  | 698 | 33204 |
| SEI Investments Co.  | 638 | 52328 |
| StepStone Group, Inc. - Class A  | 387 | 24834 |
|  |  | 247663 |
| **Commercial & Residential Mortgage Finance - 0.0%**<sup>(b)</sup> |  |  |
| UWM Holdings Corp.  | 935 | 4095 |
| **Consumer Finance - 0.8%** |  |  |
| Ally Financial, Inc.  | 1546 | 70018 |
| OneMain Holdings, Inc.  | 670 | 45259 |
| SLM Corp.  | 1099 | 29739 |
| Upstart Holdings, Inc. <sup>(a)</sup> | 464 | 20291 |
|  |  | 165307 |
| **Diversified Banks - 0.9%** |  |  |
| Comerica, Inc.  | 732 | 63633 |
| KeyCorp  | 6292 | 129867 |
|  |  | 193500 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE MID-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Diversified Financial Services - 0.6%** |  |  |
| Equitable Holdings, Inc.  | 1711 | $81529 |
| Voya Financial, Inc.  | 538 | 40076 |
|  |  | 121605 |
| **Financial Exchanges & Data - 0.3%** |  |  |
| MarketAxess Holdings, Inc.  | 203 | 36794 |
| Morningstar, Inc.  | 135 | 29337 |
|  |  | 66131 |
| **Insurance Brokers - 0.1%** |  |  |
| Ryan Specialty Holdings, Inc.  | 599 | 30926 |
| **Investment Banking & Brokerage - 1.3%** |  |  |
| Evercore, Inc. - Class A  | 210 | 71453 |
| Houlihan Lokey, Inc.  | 307 | 53476 |
| Jefferies Financial Group, Inc.  | 832 | 51559 |
| PJT Partners, Inc. - Class A  | 127 | 21235 |
| Stifel Financial Corp.  | 547 | 68495 |
| Virtu Financial, Inc. - Class A  | 450 | 14994 |
|  |  | 281212 |
| **Life & Health Insurance - 0.9%** |  |  |
| F&G Annuities & Life, Inc.  | 88 | 2728 |
| Globe Life, Inc.  | 454 | 63496 |
| Primerica, Inc.  | 181 | 46763 |
| Unum Group  | 927 | 71843 |
|  |  | 184830 |
| **Property & Casualty Insurance - 1.7%** |  |  |
| American Financial Group, Inc.  | 403 | 55082 |
| Assurant, Inc.  | 293 | 70569 |
| Axis Capital Holdings Ltd.  | 415 | 44442 |
| Fidelity National Financial, Inc.  | 1474 | 80466 |
| Kinsale Capital Group, Inc.  | 130 | 50846 |
| Old Republic International Corp.  | 1283 | 58556 |
|  |  | 359961 |
| **Regional Banks - 3.8%** |  |  |
| BOK Financial Corp.  | 122 | 14452 |
| Cadence Bank  | 1018 | 43611 |
| Commerce Bancshares, Inc.  | 760 | 39789 |
| Cullen/Frost Bankers, Inc.  | 357 | 45207 |
| East West Bancorp, Inc.  | 771 | 86653 |
| First Horizon Corp.  | 2820 | 67398 |
| Old National Bancorp  | 1932 | 43103 |
| Pinnacle Financial Partners, Inc.  | 424 | 40454 |
| Popular, Inc.  | 378 | 47069 |
| Prosperity Bancshares, Inc.  | 511 | 35315 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE MID-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Southstate Bank Corp.  | 565 | $53172 |
| Synovus Financial Corp.  | 746 | 37337 |
| UMB Financial Corp.  | 384 | 44175 |
| Webster Financial Corp.  | 941 | 59227 |
| Western Alliance Bancorp  | 592 | 49769 |
| Wintrust Financial Corp.  | 372 | 52013 |
| Zions Bancorp NA  | 821 | 48061 |
|  |  | 806805 |
| **Reinsurance - 1.1%** |  |  |
| Everest Group Ltd.  | 233 | 79068 |
| Reinsurance Group of America, Inc.  | 371 | 75484 |
| RenaissanceRe Holdings Ltd.  | 254 | 71415 |
|  |  | 225967 |
| **Transaction & Payment Processing Services - 0.5%** |  |  |
| Jack Henry & Associates, Inc.  | 406 | 74087 |
| Shift4 Payments, Inc. - Class A <sup>(a)</sup> | 370 | 23299 |
|  |  | 97386 |
| **Total Financials** |  | 2785388 |
| **<u>Health Care</u> - 10.1%**  |  |  |
| **Biotechnology - 3.4%** |  |  |
| BioMarin Pharmaceutical, Inc. <sup>(a)</sup> | 1072 | 63709 |
| Bridgebio Pharma, Inc. <sup>(a)</sup> | 983 | 75190 |
| Exact Sciences Corp. <sup>(a)</sup> | 1042 | 105826 |
| Exelixis, Inc. <sup>(a)</sup> | 1458 | 63904 |
| Halozyme Therapeutics, Inc. <sup>(a)</sup> | 688 | 46302 |
| Ionis Pharmaceuticals, Inc. <sup>(a)</sup> | 870 | 68826 |
| Madrigal Pharmaceuticals, Inc. <sup>(a)</sup> | 104 | 60563 |
| Neurocrine Biosciences, Inc. <sup>(a)</sup> | 569 | 80701 |
| Revolution Medicines, Inc. <sup>(a)</sup> | 973 | 77499 |
| Roivant Sciences Ltd. <sup>(a)</sup> | 2465 | 53491 |
| Summit Therapeutics, Inc. <sup>(a)</sup> | 653 | 11421 |
|  |  | 707432 |
| **Health Care Distributors - 0.2%** |  |  |
| Henry Schein, Inc. <sup>(a)</sup> | 585 | 44214 |
| **Health Care Equipment - 0.8%** |  |  |
| Globus Medical, Inc. - Class A <sup>(a)</sup> | 632 | 55180 |
| Masimo Corp. <sup>(a)</sup> | 296 | 38498 |
| Penumbra, Inc. <sup>(a)</sup> | 213 | 66224 |
|  |  | 159902 |
| **Health Care Facilities - 1.3%** |  |  |
| Encompass Health Corp.  | 560 | 59438 |
| Ensign Group, Inc.  | 318 | 55396 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE MID-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Tenet Healthcare Corp. <sup>(a)</sup> | 496 | $98565 |
| Universal Health Services, Inc. - Class B  | 304 | 66278 |
|  |  | 279677 |
| **Health Care Services - 0.3%** |  |  |
| DaVita, Inc. <sup>(a)</sup> | 210 | 23858 |
| Hims & Hers Health, Inc. <sup>(a)</sup> | 1166 | 37860 |
|  |  | 61718 |
| **Health Care Supplies - 0.3%** |  |  |
| Solventum Corp. <sup>(a)</sup> | 831 | 65849 |
| **Health Care Technology - 0.2%** |  |  |
| Doximity, Inc. - Class A <sup>(a)</sup> | 732 | 32413 |
| **Life Sciences Tools & Services - 2.2%** |  |  |
| Avantor, Inc. <sup>(a)</sup> | 3687 | 42253 |
| Bio-Rad Laboratories, Inc. - Class A <sup>(a)</sup> | 103 | 31208 |
| Bio-Techne Corp.  | 874 | 51400 |
| Charles River Laboratories International, Inc. <sup>(a)</sup> | 271 | 54059 |
| Medpace Holdings, Inc. <sup>(a)</sup> | 129 | 72453 |
| QIAGEN NV  | 1261 | 56707 |
| Repligen Corp. <sup>(a)</sup> | 300 | 49158 |
| Revvity, Inc.  | 659 | 63758 |
| Tempus AI, Inc. <sup>(a)</sup> | 570 | 33659 |
|  |  | 454655 |
| **Managed Health Care - 0.4%** |  |  |
| HealthEquity, Inc. <sup>(a)</sup> | 475 | 43515 |
| Molina Healthcare, Inc. <sup>(a)</sup> | 286 | 49632 |
|  |  | 93147 |
| **Pharmaceuticals - 1.0%** |  |  |
| Corcept Therapeutics, Inc. <sup>(a)</sup> | 508 | 17678 |
| Elanco Animal Health, Inc. <sup>(a)</sup> | 2850 | 64496 |
| Jazz Pharmaceuticals PLC <sup>(a)</sup> | 341 | 57970 |
| Viatris, Inc.  | 6454 | 80352 |
|  |  | 220496 |
| **Total Health Care** |  | 2119503 |
| **<u>Industrials</u> - 24.9%**  |  |  |
| **Aerospace & Defense - 4.3%** |  |  |
| AeroVironment, Inc. <sup>(a)</sup> | 212 | 51281 |
| Archer Aviation, Inc. - Class A <sup>(a)</sup> | 2970 | 22335 |
| ATI, Inc. <sup>(a)</sup> | 757 | 86873 |
| BWX Technologies, Inc.  | 512 | 88494 |
| Carpenter Technology Corp.  | 273 | 85951 |
| Curtiss-Wright Corp.  | 212 | 116869 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE MID-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Huntington Ingalls Industries, Inc.  | 213 | $72435 |
| Karman Holdings, Inc. <sup>(a)</sup> | 622 | 45512 |
| Kratos Defense & Security Solutions, Inc. <sup>(a)</sup> | 929 | 70520 |
| Leonardo DRS, Inc.  | 423 | 14420 |
| Loar Holdings, Inc. <sup>(a)</sup> | 251 | 17068 |
| Moog, Inc. - Class A  | 157 | 38237 |
| StandardAero, Inc. <sup>(a)</sup> | 641 | 18384 |
| Textron, Inc.  | 997 | 86909 |
| Woodward, Inc.  | 341 | 103091 |
|  |  | 918379 |
| **Agricultural & Farm Machinery - 0.6%** |  |  |
| AGCO Corp.  | 345 | 35990 |
| CNH Industrial NV  | 4507 | 41555 |
| Toro Co.  | 551 | 43375 |
|  |  | 120920 |
| **Air Freight & Logistics - 0.5%** |  |  |
| CH Robinson Worldwide, Inc.  | 645 | 103690 |
| **Building Products - 2.5%** |  |  |
| A O Smith Corp.  | 638 | 42669 |
| AAON, Inc.  | 380 | 28975 |
| Advanced Drainage Systems, Inc.  | 447 | 64739 |
| Allegion PLC  | 478 | 76107 |
| Armstrong World Industries, Inc.  | 240 | 45864 |
| Carlisle Cos., Inc.  | 241 | 77086 |
| Fortune Brands Innovations, Inc.  | 676 | 33814 |
| Owens Corning  | 465 | 52038 |
| Simpson Manufacturing Co., Inc.  | 235 | 37946 |
| Trex Co., Inc. <sup>(a)</sup> | 602 | 21118 |
| Zurn Elkay Water Solutions Corp.  | 918 | 42678 |
|  |  | 523034 |
| **Cargo Ground Transportation - 1.2%** |  |  |
| Knight-Swift Transportation Holdings, Inc.  | 889 | 46477 |
| Ryder System, Inc.  | 210 | 40192 |
| Saia, Inc. <sup>(a)</sup> | 150 | 48978 |
| U-Haul Holding Co.  | 562 | 26268 |
| U-Haul Holding Co. <sup>(a)</sup> | 41 | 2067 |
| XPO, Inc. <sup>(a)</sup> | 630 | 85623 |
|  |  | 249605 |
| **Construction & Engineering - 2.1%** |  |  |
| AECOM  | 760 | 72451 |
| API Group Corp. <sup>(a)</sup> | 2153 | 82374 |
| Dycom Industries, Inc. <sup>(a)</sup> | 157 | 53050 |
| Fluor Corp. <sup>(a)</sup> | 916 | 36301 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE MID-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| IES Holdings, Inc. <sup>(a)</sup> | 48 | $18673 |
| MasTec, Inc. <sup>(a)</sup> | 359 | 78036 |
| Sterling Infrastructure, Inc. <sup>(a)</sup> | 166 | 50834 |
| Valmont Industries, Inc.  | 109 | 43853 |
|  |  | 435572 |
| **Construction Machinery & Heavy Transportation Equipment - 0.6%** |  |  |
| Allison Transmission Holdings, Inc.  | 471 | 46111 |
| Federal Signal Corp.  | 334 | 36269 |
| Oshkosh Corp.  | 353 | 44347 |
|  |  | 126727 |
| **Data Processing & Outsourced Services - 0.4%** |  |  |
| ExlService Holdings, Inc. <sup>(a)</sup> | 873 | 37050 |
| Genpact Ltd.  | 976 | 45657 |
|  |  | 82707 |
| **Electrical Components & Equipment - 1.5%** |  |  |
| Acuity Brands, Inc.  | 171 | 61567 |
| Generac Holdings, Inc. <sup>(a)</sup> | 324 | 44184 |
| Nextpower, Inc. - Class A <sup>(a)</sup> | 803 | 69949 |
| nVent Electric PLC  | 896 | 91365 |
| Regal Rexnord Corp.  | 373 | 52340 |
|  |  | 319405 |
| **Environmental & Facilities Services - 0.7%** |  |  |
| Casella Waste Systems, Inc. - Class A <sup>(a)</sup> | 348 | 34083 |
| Clean Harbors, Inc. <sup>(a)</sup> | 272 | 63779 |
| Tetra Tech, Inc.  | 1484 | 49773 |
|  |  | 147635 |
| **Heavy Electrical Equipment - 0.5%** |  |  |
| Bloom Energy Corp. - Class A <sup>(a)</sup> | 1221 | 106093 |
| NuScale Power Corp. <sup>(a)</sup> | 673 | 9536 |
|  |  | 115629 |
| **Human Resource & Employment Services - 0.7%** |  |  |
| Dayforce, Inc. <sup>(a)</sup> | 917 | 63420 |
| Paycom Software, Inc.  | 286 | 45577 |
| Paylocity Holding Corp. <sup>(a)</sup> | 245 | 37362 |
|  |  | 146359 |
| **Industrial Machinery & Supplies & Components - 5.5%** |  |  |
| Chart Industries, Inc. <sup>(a)</sup> | 251 | 51764 |
| Crane Co.  | 275 | 50718 |
| Donaldson Co., Inc.  | 650 | 57629 |
| Esab Corp.  | 319 | 35639 |
| Flowserve Corp.  | 731 | 50717 |
| Gates Industrial Corp. PLC <sup>(a)</sup> | 1429 | 30681 |
| Graco, Inc.  | 952 | 78036 |
| ITT, Inc.  | 436 | 75650 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE MID-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| JBT Marel Corp.  | 305 | $45954 |
| Lincoln Electric Holdings, Inc.  | 313 | 75007 |
| Middleby Corp. <sup>(a)</sup> | 276 | 41033 |
| Mueller Industries, Inc.  | 610 | 70028 |
| Nordson Corp.  | 293 | 70446 |
| Pentair PLC  | 937 | 97579 |
| RBC Bearings, Inc. <sup>(a)</sup> | 175 | 78475 |
| Snap-on, Inc.  | 290 | 99934 |
| SPX Technologies, Inc. <sup>(a)</sup> | 273 | 54616 |
| Stanley Black & Decker, Inc.  | 870 | 64624 |
| Watts Water Technologies, Inc. - Class A  | 153 | 42231 |
|  |  | 1170761 |
| **Marine Transportation - 0.2%** |  |  |
| Kirby Corp. <sup>(a)</sup> | 314 | 34597 |
| **Office Services & Supplies - 0.1%** |  |  |
| MSA Safety, Inc.  | 208 | 33309 |
| **Passenger Airlines - 0.3%** |  |  |
| American Airlines Group, Inc. <sup>(a)</sup> | 989 | 15161 |
| Joby Aviation, Inc. <sup>(a)</sup> | 2975 | 39270 |
|  |  | 54431 |
| **Research & Consulting Services - 0.5%** |  |  |
| CACI International, Inc. - Class A <sup>(a)</sup> | 123 | 65536 |
| Parsons Corp. <sup>(a)</sup> | 302 | 18663 |
| UL Solutions, Inc.  | 345 | 27207 |
|  |  | 111406 |
| **Trading Companies & Distributors - 2.7%** |  |  |
| AerCap Holdings NV  | 969 | 139303 |
| Air Lease Corp.  | 565 | 36290 |
| Applied Industrial Technologies, Inc.  | 210 | 53922 |
| Core & Main, Inc. - Class A <sup>(a)</sup> | 1070 | 55608 |
| FTAI Aviation Ltd.  | 579 | 113976 |
| QXO, Inc. <sup>(a)</sup> | 3604 | 69521 |
| SiteOne Landscape Supply, Inc. <sup>(a)</sup> | 247 | 30766 |
| WESCO International, Inc.  | 265 | 64830 |
|  |  | 564216 |
| **Total Industrials** |  | 5258382 |
| **<u>Information Technology</u> - 15.3%**  |  |  |
| **Application Software - 3.7%** |  |  |
| Appfolio, Inc. - Class A <sup>(a)</sup> | 118 | 27453 |
| Aurora Innovation, Inc. <sup>(a)</sup> | 8556 | 32855 |
| CCC Intelligent Solutions Holdings, Inc. <sup>(a)</sup> | 3190 | 25360 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE MID-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Confluent, Inc. - Class A <sup>(a)</sup> | 1486 | $44937 |
| Docusign, Inc. <sup>(a)</sup> | 1129 | 77224 |
| Dropbox, Inc. - Class A <sup>(a)</sup> | 1083 | 30107 |
| Dynatrace, Inc. <sup>(a)</sup> | 1694 | 73418 |
| Elastic NV <sup>(a)</sup> | 520 | 39229 |
| Guidewire Software, Inc. <sup>(a)</sup> | 479 | 96284 |
| InterDigital, Inc.  | 149 | 47439 |
| Klaviyo, Inc. - Class A <sup>(a)</sup> | 676 | 21950 |
| Manhattan Associates, Inc. <sup>(a)</sup> | 349 | 60485 |
| Pegasystems, Inc.  | 520 | 31054 |
| Procore Technologies, Inc. <sup>(a)</sup> | 670 | 48736 |
| ServiceTitan, Inc. - Class A <sup>(a)</sup> | 313 | 33334 |
| Unity Software, Inc. <sup>(a)</sup> | 1895 | 83702 |
|  |  | 773567 |
| **Communications Equipment - 2.0%** |  |  |
| Ciena Corp. <sup>(a)</sup> | 784 | 183354 |
| F5, Inc. <sup>(a)</sup> | 327 | 83470 |
| Lumentum Holdings, Inc. <sup>(a)</sup> | 389 | 143382 |
|  |  | 410206 |
| **Electronic Components - 0.9%** |  |  |
| Coherent Corp. <sup>(a)</sup> | 885 | 163345 |
| Littelfuse, Inc.  | 133 | 33638 |
|  |  | 196983 |
| **Electronic Equipment & Instruments - 0.1%** |  |  |
| Itron, Inc. <sup>(a)</sup> | 252 | 23401 |
| **Electronic Manufacturing Services - 0.6%** |  |  |
| Flex Ltd. <sup>(a)</sup> | 2136 | 129057 |
| **Internet Services & Infrastructure - 0.3%** |  |  |
| Akamai Technologies, Inc. <sup>(a)</sup> | 790 | 68927 |
| **IT Consulting & Other Services - 0.7%** |  |  |
| Amdocs Ltd.  | 627 | 50480 |
| EPAM Systems, Inc. <sup>(a)</sup> | 302 | 61873 |
| Kyndryl Holdings, Inc. <sup>(a)</sup> | 1282 | 34050 |
|  |  | 146403 |
| **Semiconductor Materials & Equipment - 0.6%** |  |  |
| Entegris, Inc.  | 850 | 71612 |
| MKS, Inc.  | 377 | 60245 |
|  |  | 131857 |
| **Semiconductors - 2.0%** |  |  |
| Credo Technology Group Holding Ltd. <sup>(a)</sup> | 854 | 122882 |
| Lattice Semiconductor Corp. <sup>(a)</sup> | 763 | 56142 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE MID-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| MACOM Technology Solutions Holdings, Inc. <sup>(a)</sup> | 376 | $64401 |
| Qorvo, Inc. <sup>(a)</sup> | 520 | 43945 |
| Rambus, Inc. <sup>(a)</sup> | 600 | 55134 |
| Skyworks Solutions, Inc.  | 844 | 53518 |
| Universal Display Corp.  | 247 | 28845 |
|  |  | 424867 |
| **Systems Software - 2.1%** |  |  |
| Commvault Systems, Inc. <sup>(a)</sup> | 245 | 30713 |
| Dolby Laboratories, Inc. - Class A  | 338 | 21706 |
| Gen Digital, Inc.  | 3136 | 85268 |
| Gitlab, Inc. - Class A <sup>(a)</sup> | 730 | 27397 |
| Monday.com Ltd. <sup>(a)</sup> | 244 | 36005 |
| Nebius Group NV <sup>(a)</sup> | 1173 | 98186 |
| Rubrik, Inc. - Class A <sup>(a)</sup> | 775 | 59272 |
| SentinelOne, Inc. - Class A <sup>(a)</sup> | 1767 | 26505 |
| UiPath, Inc. - Class A <sup>(a)</sup> | 2247 | 36828 |
| Varonis Systems, Inc. <sup>(a)</sup> | 636 | 20861 |
|  |  | 442741 |
| **Technology Distributors - 0.5%** |  |  |
| Arrow Electronics, Inc. <sup>(a)</sup> | 287 | 31621 |
| TD SYNNEX Corp.  | 408 | 61294 |
|  |  | 92915 |
| **Technology Hardware, Storage & Peripherals - 1.8%** |  |  |
| IonQ, Inc. <sup>(a)</sup> | 1783 | 80003 |
| Pure Storage, Inc. - Class A <sup>(a)</sup> | 1788 | 119814 |
| Sandisk Corp./DE <sup>(a)</sup> | 791 | 187768 |
|  |  | 387585 |
| **Total Information Technology** |  | 3228509 |
| **<u>Materials</u> - 4.7%**  |  |  |
| **Aluminum - 0.4%** |  |  |
| Alcoa Corp.  | 1456 | 77372 |
| **Commodity Chemicals - 0.1%** |  |  |
| Westlake Corp.  | 195 | 14418 |
| **Construction Materials - 0.5%** |  |  |
| Eagle Materials, Inc.  | 179 | 36996 |
| James Hardie Industries PLC <sup>(a)</sup> | 3276 | 67977 |
|  |  | 104973 |
| **Diversified Metals & Mining - 0.2%** |  |  |
| MP Materials Corp. <sup>(a)</sup> | 823 | 41578 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE MID-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Fertilizers & Agricultural Chemicals - 0.2%** |  |  |
| Mosaic Co.  | 1784 | $42976 |
| **Forest Products - 0.1%** |  |  |
| Louisiana-Pacific Corp.  | 351 | 28347 |
| **Gold - 0.5%** |  |  |
| Royal Gold, Inc.  | 474 | 105365 |
| **Metal, Glass & Plastic Containers - 0.5%** |  |  |
| AptarGroup, Inc.  | 371 | 45247 |
| Crown Holdings, Inc.  | 648 | 66725 |
|  |  | 111972 |
| **Paper & Plastic Packaging Products & Materials - 0.5%** |  |  |
| Avery Dennison Corp.  | 431 | 78390 |
| Graphic Packaging Holding Co.  | 1650 | 24849 |
|  |  | 103239 |
| **Specialty Chemicals - 1.3%** |  |  |
| Albemarle Corp.  | 658 | 93068 |
| Axalta Coating Systems Ltd. <sup>(a)</sup> | 1218 | 39354 |
| Eastman Chemical Co.  | 644 | 41106 |
| NewMarket Corp.  | 47 | 32301 |
| RPM International, Inc.  | 714 | 74256 |
|  |  | 280085 |
| **Steel - 0.4%** |  |  |
| Reliance, Inc.  | 292 | 84350 |
| **Total Materials** |  | 994675 |
| **<u>Real Estate</u> - 0.8%**  |  |  |
| **Real Estate Services - 0.8%** |  |  |
| Jones Lang LaSalle, Inc. <sup>(a)</sup> | 261 | 87819 |
| Zillow Group, Inc. - Class A <sup>(a)</sup> | 280 | 19104 |
| Zillow Group, Inc. - Class C <sup>(a)</sup> | 924 | 63035 |
| **Total Real Estate** |  | 169958 |
| **<u>Utilities</u> - 2.4%**  |  |  |
| **Electric Utilities - 0.9%** |  |  |
| IDACORP, Inc.  | 304 | 38474 |
| OGE Energy Corp.  | 1132 | 48336 |
| Oklo, Inc. <sup>(a)</sup> | 677 | 48582 |
| Pinnacle West Capital Corp.  | 672 | 59606 |
|  |  | 194998 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE MID-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Gas Utilities - 0.4%** |  |  |
| National Fuel Gas Co.  | 499 | $39950 |
| UGI Corp.  | 1204 | 45066 |
|  |  | 85016 |
| **Independent Power Producers & Energy Traders - 0.7%** |  |  |
| AES Corp.  | 3965 | 56858 |
| Talen Energy Corp. <sup>(a)</sup> | 259 | 97084 |
|  |  | 153942 |
| **Renewable Electricity - 0.1%** |  |  |
| Clearway Energy, Inc. - Class A  | 168 | 5278 |
| Clearway Energy, Inc. - Class C  | 461 | 15333 |
|  |  | 20611 |
| **Water Utilities - 0.3%** |  |  |
| Essential Utilities, Inc.  | 1581 | 60647 |
| **Total Utilities** |  | 515214 |
| **TOTAL COMMON STOCKS** (Cost $17,237,650) |  | 19518414 |
| **REAL ESTATE INVESTMENT TRUSTS - 7.0%**  |  |  |
| **<u>Financials</u> - 1.0%**  |  |  |
| **Mortgage REITs - 1.0%** |  |  |
| AGNC Investment Corp.  | 5734 | 61468 |
| Annaly Capital Management, Inc.  | 3602 | 80541 |
| Rithm Capital Corp.  | 2980 | 32482 |
| Starwood Property Trust, Inc.  | 1960 | 35300 |
| **Total Financials** |  | 209791 |
| **<u>Real Estate</u> - 6.0%**  |  |  |
| **Diversified REITs - 0.4%** |  |  |
| WP Carey, Inc.  | 1218 | 78391 |
| **Health Care REITs - 0.6%** |  |  |
| Healthpeak Properties, Inc.  | 3916 | 62969 |
| Omega Healthcare Investors, Inc.  | 1634 | 72452 |
|  |  | 135421 |
| **Hotel & Resort REITs - 0.3%** |  |  |
| Host Hotels & Resorts, Inc.  | 3811 | 67569 |
| **Industrial REITs - 1.0%** |  |  |
| EastGroup Properties, Inc.  | 299 | 53264 |
| First Industrial Realty Trust, Inc.  | 746 | 42723 |
| Lineage, Inc.  | 398 | 13930 |
| Rexford Industrial Realty, Inc.  | 1333 | 51614 |
| STAG Industrial, Inc.  | 1054 | 38745 |
|  |  | 200276 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE MID-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Multi-Family Residential REITs - 0.3%** |  |  |
| Camden Property Trust  | 596 | $65608 |
| **Office REITs - 0.4%** |  |  |
| BXP, Inc.  | 891 | 60125 |
| Vornado Realty Trust  | 988 | 32880 |
|  |  | 93005 |
| **Other Specialized REITs - 0.6%** |  |  |
| Gaming and Leisure Properties, Inc.  | 1589 | 71012 |
| Lamar Advertising Co. - Class A  | 491 | 62151 |
|  |  | 133163 |
| **Retail REITs - 1.6%** |  |  |
| Agree Realty Corp.  | 635 | 45739 |
| Brixmor Property Group, Inc.  | 1718 | 45046 |
| Federal Realty Investment Trust  | 481 | 48485 |
| Kimco Realty Corp.  | 3756 | 76134 |
| NNN REIT, Inc.  | 1098 | 43514 |
| Regency Centers Corp.  | 1014 | 69996 |
|  |  | 328914 |
| **Self-Storage REITs - 0.2%** |  |  |
| CubeSmart  | 1279 | 46108 |
| **Single-Family Residential REITs - 0.6%** |  |  |
| American Homes 4 Rent - Class A  | 1798 | 57716 |
| Equity LifeStyle Properties, Inc.  | 992 | 60125 |
|  |  | 117841 |
| **Total Real Estate** |  | 1266296 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $1,454,825) |  | 1476087 |
| **RIGHTS - 0.0%** <sup>(b)</sup> |  |  |
| Sycamore Partners LLC, Expires 08/28/2026, Exercise Price $3.00 <sup>(a)(c)</sup> | 3622 |  |
| **Pharmaceuticals — 0.0%**<sup>(b)</sup> |  |  |
| Sanofi SA, Expires 07/21/2026, Exercise Price $6.00 <sup>(a)(c)</sup> | 353 |  |
| **TOTAL RIGHTS** (Cost $0) |  |  |
| **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 0.4%**  |  |  |
| First American Government Obligations Fund - Class X, 3.67% <sup>(d)</sup> | 78562 | 78562 |
| **TOTAL MONEY MARKET FUNDS** (Cost $78,562) |  | 78562 |
| **TOTAL INVESTMENTS - 99.9% (**Cost $18,771,037**)** |  | $21073063 |
| Other Assets in Excess of Liabilities - 0.1%  |  | 17911 |
| **TOTAL NET ASSETS - 100.0%** |  | $21090974 |

---

Percentages are stated as a percent of net assets.

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE MID-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| |
|:---|
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| PLC - Public Limited Company |
| REIT - Real Estate Investment Trust |

---

(a) Non-income producing security.

(b) Represents less than 0.05% of net assets.

(c) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of December 31, 2025.

(d) The rate shown represents the 7-day annualized yield as of December 31, 2025.

The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE NATURAL RESOURCES AND SECURITY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **COMMON STOCKS - 99.8%**  | | |
| **<u>Consumer Staples</u> - 1.0%**  | |  |
| **Agricultural Products & Services - 1.0%** |  |  |
| Darling Ingredients, Inc. <sup>(a)</sup> | 6580 | $236880 |
| Ingredion, Inc.  | 2804 | 309169 |
| **Total Consumer Staples** |  | 546049 |
| **<u>Energy</u> - 24.6%**  |  |  |
| **Coal & Consumable Fuels - 5.2%** |  |  |
| Cameco Corp.  | 21506 | 1969236 |
| Centrus Energy Corp. - Class A <sup>(a)</sup> | 826 | 200520 |
| Energy Fuels, Inc. <sup>(a)</sup> | 11102 | 160801 |
| NexGen Energy Ltd. <sup>(a)</sup> | 28587 | 263053 |
| Uranium Energy Corp. <sup>(a)</sup> | 23472 | 274153 |
|  |  | 2867763 |
| **Integrated Oil & Gas - 11.3%** |  |  |
| Chevron Corp.  | 14948 | 2278225 |
| Exxon Mobil Corp.  | 33156 | 3989993 |
|  |  | 6268218 |
| **Oil & Gas Equipment & Services - 0.8%** |  |  |
| SLB Ltd.  | 11632 | 446436 |
| **Oil & Gas Exploration & Production - 3.4%** |  |  |
| Canadian Natural Resources Ltd.  | 15922 | 539298 |
| ConocoPhillips  | 9736 | 911387 |
| EOG Resources, Inc.  | 4249 | 446187 |
|  |  | 1896872 |
| **Oil & Gas Refining & Marketing - 1.4%** |  |  |
| Marathon Petroleum Corp.  | 2366 | 384783 |
| Phillips 66  | 3137 | 404798 |
|  |  | 789581 |
| **Oil & Gas Storage & Transportation - 2.5%** |  |  |
| Enbridge, Inc.  | 16882 | 807847 |
| Williams Cos., Inc.  | 9485 | 570143 |
|  |  | 1377990 |
| **Total Energy** |  | 13646860 |
| **<u>Industrials</u> - 32.7%** <sup>(b)</sup> |  |  |
| **Aerospace & Defense - 21.5%** |  |  |
| Axon Enterprise, Inc. <sup>(a)</sup> | 666 | 378241 |
| Boeing Co. <sup>(a)</sup> | 6776 | 1471205 |
| BWX Technologies, Inc.  | 4504 | 778471 |
| General Dynamics Corp.  | 2129 | 716749 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE NATURAL RESOURCES AND SECURITY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| General Electric Co.  | 9061 | $2791060 |
| Howmet Aerospace, Inc.  | 3560 | 729871 |
| L3Harris Technologies, Inc.  | 1664 | 488501 |
| Lockheed Martin Corp.  | 2064 | 998295 |
| Northrop Grumman Corp.  | 1271 | 724737 |
| RTX Corp.  | 11956 | 2192731 |
| TransDigm Group, Inc.  | 496 | 659606 |
|  |  | 11929467 |
| **Agricultural & Farm Machinery - 11.0%** |  |  |
| AGCO Corp.  | 2723 | 284063 |
| CNH Industrial NV  | 35212 | 324655 |
| Deere & Co.  | 11018 | 5129650 |
| Toro Co.  | 4279 | 336843 |
|  |  | 6075211 |
| **Heavy Electrical Equipment - 0.2%** |  |  |
| NuScale Power Corp. <sup>(a)</sup> | 5936 | 84113 |
| **Total Industrials** |  | 18088791 |
| **<u>Materials</u> - 29.4%** <sup>(b)</sup> |  |  |
| **Copper - 3.9%** |  |  |
| First Quantum Minerals Ltd. <sup>(a)</sup> | 18933 | 507620 |
| Freeport-McMoRan, Inc.  | 32410 | 1646104 |
|  |  | 2153724 |
| **Diversified Metals & Mining - 0.9%** |  |  |
| Teck Resources Ltd. - Class B  | 10912 | 522405 |
| **Fertilizers & Agricultural Chemicals - 7.6%** |  |  |
| CF Industries Holdings, Inc.  | 7072 | 546949 |
| Corteva, Inc.  | 29940 | 2006878 |
| Mosaic Co.  | 13938 | 335766 |
| Nutrien Ltd.  | 21363 | 1318621 |
|  |  | 4208214 |
| **Gold - 17.0%** |  |  |
| Agnico Eagle Mines Ltd.  | 11421 | 1936798 |
| Barrick Mining Corp.  | 38417 | 1673493 |
| Franco-Nevada Corp.  | 4354 | 902522 |
| Kinross Gold Corp.  | 27498 | 774524 |
| Newmont Corp.  | 24757 | 2471986 |
| Royal Gold, Inc.  | 1912 | 425019 |
| Wheaton Precious Metals Corp.  | 10308 | 1211831 |
|  |  | 9396173 |
| **Total Materials** |  | 16280516 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE NATURAL RESOURCES AND SECURITY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **<u>Utilities</u> - 12.1%**  | |  |
| **Electric Utilities - 10.6%** |  |  |
| Constellation Energy Corp.  | 15424 | $5448836 |
| Oklo, Inc. <sup>(a)</sup> | 5848 | 419653 |
|  |  | 5868489 |
| **Independent Power Producers & Energy Traders - 1.5%** |  |  |
| Talen Energy Corp. <sup>(a)</sup> | 2252 | 844140 |
| **Total Utilities** |  | 6712629 |
| **TOTAL COMMON STOCKS** (Cost $44,689,894) |  | 55274845 |
| **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 0.2%**  |  |  |
| First American Government Obligations Fund - Class X, 3.67% <sup>(c)</sup> | 91958 | 91958 |
| **TOTAL MONEY MARKET FUNDS** (Cost $91,958) |  | 91958 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $44,781,852**)** |  | $55366803 |
| Other Assets in Excess of Liabilities - 0.0% <sup>(d)</sup> |  | 16045 |
| **TOTAL NET ASSETS - 100.0%** |  | $55382848 |

---

Percentages are stated as a percent of net assets.

(a) Non-income producing security.

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

(c) The rate shown represents the 7-day annualized yield as of December 31, 2025.

(d) Represents less than 0.05% of net assets.

The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **COMMON STOCKS - 92.4%**  | | |
| **<u>Communication Services</u> - 2.7%**  | |  |
| **Advertising - 0.2%** |  |  |
| DoubleVerify Holdings, Inc. <sup>(a)</sup> | 5231 | $59843 |
| Magnite, Inc. <sup>(a)</sup> | 4422 | 71769 |
|  |  | 131612 |
| **Alternative Carriers - 0.7%** |  |  |
| Cogent Communications Holdings, Inc.  | 1458 | 31434 |
| Globalstar, Inc. <sup>(a)</sup> | 1630 | 99495 |
| Iridium Communications, Inc.  | 2961 | 51462 |
| Lumen Technologies, Inc. <sup>(a)</sup> | 30254 | 235074 |
|  |  | 417465 |
| **Broadcasting - 0.4%** |  |  |
| Newsmax, Inc. <sup>(a)</sup> | 267 | 2064 |
| Nexstar Media Group, Inc.  | 901 | 182948 |
| TEGNA, Inc.  | 5101 | 99010 |
|  |  | 284022 |
| **Interactive Media & Services - 0.7%** |  |  |
| Cargurus, Inc. <sup>(a)</sup> | 2605 | 99902 |
| IAC, Inc. <sup>(a)</sup> | 2177 | 85120 |
| Rumble, Inc. <sup>(a)</sup> | 2940 | 18581 |
| TripAdvisor, Inc. <sup>(a)</sup> | 3537 | 51499 |
| Trump Media & Technology Group Corp. <sup>(a)</sup> | 5148 | 68159 |
| Yelp, Inc. <sup>(a)</sup> | 1984 | 60294 |
| ZoomInfo Technologies, Inc. <sup>(a)</sup> | 8293 | 84340 |
|  |  | 467895 |
| **Movies & Entertainment - 0.4%** |  |  |
| Atlanta Braves Holdings, Inc. - Class A <sup>(a)</sup> | 320 | 13597 |
| Atlanta Braves Holdings, Inc. - Class C <sup>(a)</sup> | 1193 | 47064 |
| Cinemark Holdings, Inc.  | 3292 | 76506 |
| Madison Square Garden Sports Corp. <sup>(a)</sup> | 556 | 143809 |
|  |  | 280976 |
| **Publishing - 0.1%** |  |  |
| John Wiley & Sons, Inc. - Class A  | 1222 | 37430 |
| **Wireless Telecommunication Services - 0.2%** |  |  |
| Array Digital Infrastructure, Inc.  | 500 | 26810 |
| Gogo, Inc. <sup>(a)</sup> | 2345 | 10928 |
| Telephone and Data Systems, Inc.  | 2834 | 116194 |
|  |  | 153932 |
| **Total Communication Services** |  | 1773332 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **<u>Consumer Discretionary</u> - 11.9%**  | |  |
| **Apparel Retail - 0.6%** |  |  |
| Abercrombie & Fitch Co. - Class A <sup>(a)</sup> | 1492 | $187798 |
| Boot Barn Holdings, Inc. <sup>(a)</sup> | 972 | 171529 |
| Buckle, Inc.  | 1029 | 54969 |
|  |  | 414296 |
| **Apparel, Accessories & Luxury Goods - 0.9%** |  |  |
| Capri Holdings Ltd. <sup>(a)</sup> | 3689 | 90012 |
| Columbia Sportswear Co.  | 820 | 45174 |
| Kontoor Brands, Inc.  | 1749 | 106846 |
| PVH Corp.  | 1518 | 101736 |
| Under Armour, Inc. - Class A <sup>(a)</sup> | 6056 | 30098 |
| Under Armour, Inc. - Class C <sup>(a)</sup> | 3772 | 18106 |
| VF Corp.  | 12260 | 221661 |
|  |  | 613633 |
| **Automobile Manufacturers - 0.3%** |  |  |
| Thor Industries, Inc.  | 1627 | 167044 |
| **Automotive Parts & Equipment - 1.7%** |  |  |
| Dana, Inc.  | 4169 | 99056 |
| Dorman Products, Inc. <sup>(a)</sup> | 881 | 108531 |
| Garrett Motion, Inc.  | 4979 | 86784 |
| Gentex Corp.  | 6993 | 162727 |
| LCI Industries  | 780 | 94645 |
| Lear Corp.  | 1760 | 201696 |
| Patrick Industries, Inc.  | 1026 | 111249 |
| QuantumScape Corp. <sup>(a)</sup> | 14169 | 147641 |
| Visteon Corp.  | 862 | 81976 |
|  |  | 1094305 |
| **Automotive Retail - 0.8%** |  |  |
| Advance Auto Parts, Inc.  | 1902 | 74749 |
| Asbury Automotive Group, Inc. <sup>(a)</sup> | 626 | 145564 |
| Group 1 Automotive, Inc.  | 395 | 155353 |
| Sonic Automotive, Inc. - Class A  | 464 | 28703 |
| Valvoline, Inc. <sup>(a)</sup> | 4038 | 117344 |
|  |  | 521713 |
| **Broadline Retail - 0.5%** |  |  |
| Etsy, Inc. <sup>(a)</sup> | 3000 | 166320 |
| Macy's, Inc.  | 8264 | 182221 |
|  |  | 348541 |
| **Casinos & Gaming - 0.6%** |  |  |
| Brightstar Lottery PLC  | 3224 | 49907 |
| Caesars Entertainment, Inc. <sup>(a)</sup> | 6264 | 146515 |
| Penn Entertainment, Inc. <sup>(a)</sup> | 4789 | 70638 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Rush Street Interactive, Inc. <sup>(a)</sup> | 2847 | $55317 |
| Sharplink Gaming, Inc. <sup>(a)</sup> | 6236 | 55750 |
|  |  | 378127 |
| **Education Services - 0.7%** |  |  |
| Adtalem Global Education, Inc. <sup>(a)</sup> | 1089 | 112679 |
| Graham Holdings Co. - Class B  | 106 | 116452 |
| Grand Canyon Education, Inc. <sup>(a)</sup> | 923 | 153504 |
| Stride, Inc. <sup>(a)</sup> | 1398 | 90772 |
|  |  | 473407 |
| **Footwear - 0.2%** |  |  |
| Crocs, Inc. <sup>(a)</sup> | 1725 | 147522 |
| **Homebuilding - 1.9%** |  |  |
| Cavco Industries, Inc. <sup>(a)</sup> | 256 | 151229 |
| Champion Homes, Inc. <sup>(a)</sup> | 1892 | 159874 |
| Dream Finders Homes, Inc. - Class A <sup>(a)</sup> | 905 | 15476 |
| Green Brick Partners, Inc. <sup>(a)</sup> | 987 | 61845 |
| Installed Building Products, Inc.  | 765 | 198433 |
| KB Home  | 1888 | 106502 |
| M/I Homes, Inc. <sup>(a)</sup> | 818 | 104663 |
| Meritage Homes Corp.  | 2224 | 146339 |
| Taylor Morrison Home Corp. <sup>(a)</sup> | 3035 | 178671 |
| Tri Pointe Homes, Inc. <sup>(a)</sup> | 2716 | 85473 |
|  |  | 1208505 |
| **Homefurnishing Retail - 0.1%** |  |  |
| RH <sup>(a)</sup> | 489 | 87604 |
| **Hotels, Resorts & Cruise Lines - 0.6%** |  |  |
| Choice Hotels International, Inc.  | 824 | 78494 |
| Global Business Travel Group I <sup>(a)</sup> | 5232 | 40025 |
| Hilton Grand Vacations, Inc. <sup>(a)</sup> | 2390 | 106953 |
| Marriott Vacations Worldwide Corp.  | 1010 | 58267 |
| Travel + Leisure Co.  | 1987 | 140143 |
|  |  | 423882 |
| **Household Appliances - 0.2%** |  |  |
| Whirlpool Corp.  | 1782 | 128554 |
| **Housewares & Specialties - 0.1%** |  |  |
| Newell Brands, Inc.  | 13351 | 49666 |
| **Leisure Facilities - 0.4%** |  |  |
| Six Flags Entertainment Corp. <sup>(a)</sup> | 2940 | 45099 |
| United Parks & Resorts, Inc. <sup>(a)</sup> | 856 | 31073 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Vail Resorts, Inc.  | 1180 | $156704 |
|  |  | 232876 |
| **Leisure Products - 1.1%** |  |  |
| Acushnet Holdings Corp.  | 880 | 70241 |
| Brunswick Corp.  | 2070 | 153677 |
| Mattel, Inc. <sup>(a)</sup> | 9851 | 195444 |
| Peloton Interactive, Inc. - Class A <sup>(a)</sup> | 13954 | 85957 |
| Polaris, Inc.  | 1685 | 106576 |
| YETI Holdings, Inc. <sup>(a)</sup> | 2637 | 116476 |
|  |  | 728371 |
| **Motorcycle Manufacturers - 0.1%** |  |  |
| Harley-Davidson, Inc.  | 3874 | 79378 |
| **Other Specialty Retail - 0.3%** |  |  |
| Academy Sports & Outdoors, Inc.  | 2108 | 105316 |
| Signet Jewelers Ltd.  | 1356 | 112385 |
|  |  | 217701 |
| **Restaurants - 0.3%** |  |  |
| Cheesecake Factory, Inc.  | 1458 | 73600 |
| Shake Shack, Inc. - Class A <sup>(a)</sup> | 1232 | 100001 |
|  |  | 173601 |
| **Specialized Consumer Services - 0.4%** |  |  |
| Driven Brands Holdings, Inc. <sup>(a)</sup> | 1937 | 28706 |
| Frontdoor, Inc. <sup>(a)</sup> | 2352 | 135687 |
| OneSpaWorld Holdings Ltd.  | 3175 | 65850 |
|  |  | 230243 |
| **Tires & Rubber - 0.1%** |  |  |
| Goodyear Tire & Rubber Co. <sup>(a)</sup> | 8303 | 72734 |
| **Total Consumer Discretionary** |  | 7791703 |
| **<u>Consumer Staples</u> - 2.1%**  |  |  |
| **Agricultural Products & Services - 0.3%** |  |  |
| Darling Ingredients, Inc. <sup>(a)</sup> | 4758 | 171288 |
| **Brewers - 0.1%** |  |  |
| Boston Beer Co., Inc. - Class A <sup>(a)</sup> | 252 | 49173 |
| **Consumer Staples Merchandise Retail - 0.1%** |  |  |
| PriceSmart, Inc.  | 817 | 100221 |
| **Food Distributors - 0.1%** |  |  |
| Chefs' Warehouse, Inc. <sup>(a)</sup> | 1178 | 73425 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Household Products - 0.3%** |  |  |
| Central Garden & Pet Co. <sup>(a)</sup> | 254 | $8166 |
| Central Garden & Pet Co. - Class A <sup>(a)</sup> | 1605 | 46850 |
| Reynolds Consumer Products, Inc.  | 1752 | 40156 |
| WD-40 Co.  | 428 | 84273 |
|  |  | 179445 |
| **Packaged Foods & Meats - 1.1%** |  |  |
| Cal-Maine Foods, Inc.  | 1394 | 110920 |
| Flowers Foods, Inc.  | 6231 | 67793 |
| Freshpet, Inc. <sup>(a)</sup> | 1544 | 94076 |
| J & J Snack Foods Corp.  | 505 | 45637 |
| Marzetti Co.  | 642 | 105558 |
| Post Holdings, Inc. <sup>(a)</sup> | 1574 | 155905 |
| Seaboard Corp.  | 8 | 35558 |
| Simply Good Foods Co. <sup>(a)</sup> | 2946 | 59156 |
| Tootsie Roll Industries, Inc.  | 548 | 20073 |
|  |  | 694676 |
| **Personal Care Products - 0.1%** |  |  |
| Coty, Inc. - Class A <sup>(a)</sup> | 11797 | 36335 |
| Interparfums, Inc.  | 581 | 49286 |
|  |  | 85621 |
| **Soft Drinks & Non-alcoholic Beverages - 0.0%**<sup>(b)</sup> |  |  |
| National Beverage Corp. <sup>(a)</sup> | 804 | 25640 |
| **Total Consumer Staples** |  | 1379489 |
| **<u>Energy</u> - 4.7%**  |  |  |
| **Coal & Consumable Fuels - 0.7%** |  |  |
| Centrus Energy Corp. - Class A <sup>(a)</sup> | 534 | 129634 |
| Core Natural Resources, Inc.  | 1582 | 140023 |
| Uranium Energy Corp. <sup>(a)</sup> | 15165 | 177127 |
|  |  | 446784 |
| **Oil & Gas Drilling - 0.6%** |  |  |
| Noble Corp. PLC  | 4042 | 114146 |
| Patterson-UTI Energy, Inc.  | 12057 | 73669 |
| Transocean Ltd. <sup>(a)</sup> | 31709 | 130958 |
| Valaris Ltd. <sup>(a)</sup> | 1868 | 94147 |
|  |  | 412920 |
| **Oil & Gas Equipment & Services - 1.4%** |  |  |
| Archrock, Inc.  | 5532 | 143943 |
| Cactus, Inc. - Class A  | 2182 | 99674 |
| Kodiak Gas Services, Inc.  | 2312 | 86469 |
| NOV, Inc.  | 11798 | 184403 |
| Oceaneering International, Inc. <sup>(a)</sup> | 3151 | 75718 |
| Solaris Energy Infrastructure, Inc. - Class A  | 1499 | 68909 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Tidewater, Inc. <sup>(a)</sup> | 1356 | $68491 |
| Weatherford International PLC  | 2259 | 176789 |
|  |  | 904396 |
| **Oil & Gas Exploration & Production - 1.5%** |  |  |
| California Resources Corp.  | 2235 | 99927 |
| Civitas Resources, Inc.  | 2943 | 79726 |
| CNX Resources Corp. <sup>(a)</sup> | 4267 | 156898 |
| Comstock Resources, Inc. <sup>(a)</sup> | 2505 | 58066 |
| Crescent Energy Co. - Class A  | 8591 | 72078 |
| Gulfport Energy Corp. <sup>(a)</sup> | 436 | 90684 |
| Magnolia Oil & Gas Corp. - Class A  | 5839 | 127816 |
| Murphy Oil Corp.  | 4313 | 134781 |
| Northern Oil & Gas, Inc.  | 3081 | 66149 |
| Sable Offshore Corp. <sup>(a)</sup> | 2390 | 21558 |
| SM Energy Co.  | 3605 | 67413 |
|  |  | 975096 |
| **Oil & Gas Refining & Marketing - 0.1%** |  |  |
| CVR Energy, Inc. <sup>(a)</sup> | 964 | 24524 |
| PBF Energy, Inc. - Class A  | 2641 | 71624 |
|  |  | 96148 |
| **Oil & Gas Storage & Transportation - 0.4%** |  |  |
| Excelerate Energy, Inc. - Class A  | 771 | 21627 |
| Golar LNG Ltd.  | 3096 | 115202 |
| NextDecade Corp. <sup>(a)</sup> | 5712 | 30102 |
| Scorpio Tankers, Inc.  | 1407 | 71518 |
|  |  | 238449 |
| **Total Energy** |  | 3073793 |
| **<u>Financials</u> - 18.2%**  |  |  |
| **Asset Management & Custody Banks - 1.0%** |  |  |
| Affiliated Managers Group, Inc.  | 862 | 248497 |
| Artisan Partners Asset Management, Inc. - Class A  | 2203 | 89750 |
| Cohen & Steers, Inc.  | 881 | 55309 |
| Federated Hermes, Inc.  | 2446 | 127363 |
| GCM Grosvenor, Inc. - Class A  | 2264 | 25629 |
| Victory Capital Holdings, Inc. - Class A  | 1796 | 113310 |
|  |  | 659858 |
| **Commercial & Residential Mortgage Finance - 1.3%** |  |  |
| Enact Holdings, Inc.  | 935 | 37063 |
| Essent Group Ltd.  | 3038 | 197500 |
| MGIC Investment Corp.  | 7042 | 205767 |
| NMI Holdings, Inc. - Class A <sup>(a)</sup> | 2430 | 99120 |
| PennyMac Financial Services, Inc.  | 897 | 118261 |
| Radian Group, Inc.  | 4257 | 153209 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Walker & Dunlop, Inc.  | 1031 | $62015 |
|  |  | 872935 |
| **Consumer Finance - 1.0%** |  |  |
| Bread Financial Holdings, Inc.  | 1455 | 107714 |
| Credit Acceptance Corp. <sup>(a)</sup> | 152 | 67406 |
| Dave, Inc. <sup>(a)</sup> | 355 | 78600 |
| Enova International, Inc. <sup>(a)</sup> | 756 | 118843 |
| FirstCash Holdings, Inc.  | 1234 | 196675 |
| Nelnet, Inc. - Class A  | 558 | 74192 |
|  |  | 643430 |
| **Diversified Financial Services - 0.3%** |  |  |
| Jackson Financial, Inc. - Class A  | 2178 | 232284 |
| **Insurance Brokers - 0.2%** |  |  |
| Baldwin Insurance Group, Inc. - Class A <sup>(a)</sup> | 2213 | 53178 |
| Goosehead Insurance, Inc. - Class A  | 780 | 57447 |
| Hagerty, Inc. - Class A <sup>(a)</sup> | 834 | 11209 |
|  |  | 121834 |
| **Investment Banking & Brokerage - 1.2%** |  |  |
| BGC Group, Inc. - Class A  | 11979 | 106973 |
| Lazard, Inc.  | 3674 | 178409 |
| Moelis & Co. - Class A  | 2358 | 162089 |
| Piper Sandler Cos.  | 547 | 185821 |
| StoneX Group, Inc. <sup>(a)</sup> | 1491 | 141839 |
|  |  | 775131 |
| **Life & Health Insurance - 1.1%** |  |  |
| Brighthouse Financial, Inc. <sup>(a)</sup> | 1822 | 118047 |
| CNO Financial Group, Inc.  | 3090 | 131232 |
| F&G Annuities & Life, Inc.  | 604 | 18634 |
| Genworth Financial, Inc. - Class A <sup>(a)</sup> | 13022 | 117589 |
| Lincoln National Corp.  | 6001 | 267225 |
| Oscar Health, Inc. - Class A <sup>(a)</sup> | 6571 | 94425 |
|  |  | 747152 |
| **Property & Casualty Insurance - 2.1%** |  |  |
| Assured Guaranty Ltd.  | 1477 | 132738 |
| First American Financial Corp.  | 3231 | 198513 |
| Hamilton Insurance Group Ltd. - Class B <sup>(a)</sup> | 1520 | 42408 |
| Hanover Insurance Group, Inc.  | 1025 | 187339 |
| Kemper Corp.  | 1954 | 79215 |
| Mercury General Corp.  | 853 | 80233 |
| Palomar Holdings, Inc. <sup>(a)</sup> | 836 | 112659 |
| RLI Corp.  | 2949 | 188677 |
| Selective Insurance Group, Inc.  | 1916 | 160312 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| White Mountains Insurance Group Ltd.  | 79 | $164165 |
|  |  | 1346259 |
| **Regional Banks - 8.8%** |  |  |
| Ameris Bancorp  | 2090 | 155224 |
| Associated Banc-Corp.  | 5191 | 133720 |
| Atlantic Union Bankshares Corp.  | 4510 | 159203 |
| Axos Financial, Inc. <sup>(a)</sup> | 1730 | 149057 |
| Banc of California, Inc.  | 4060 | 78317 |
| BancFirst Corp.  | 595 | 63082 |
| Bancorp, Inc. <sup>(a)</sup> | 1407 | 95001 |
| Bank of Hawaii Corp.  | 1253 | 85668 |
| Bank OZK  | 3438 | 158217 |
| BankUnited, Inc.  | 2395 | 106745 |
| Banner Corp.  | 1082 | 67798 |
| Cathay General Bancorp  | 2144 | 103748 |
| Columbia Banking System, Inc.  | 9715 | 271534 |
| Community Financial System, Inc.  | 1676 | 96269 |
| Customers Bancorp, Inc. <sup>(a)</sup> | 1080 | 78970 |
| CVB Financial Corp.  | 4155 | 77283 |
| Eastern Bankshares, Inc.  | 6974 | 128531 |
| Enterprise Financial Services Corp.  | 1135 | 61290 |
| FB Financial Corp.  | 1340 | 74772 |
| First Bancorp  | 1295 | 65773 |
| First BanCorp  | 5073 | 105163 |
| First Financial Bancorp  | 2920 | 73058 |
| First Financial Bankshares, Inc.  | 3877 | 115806 |
| First Hawaiian, Inc.  | 4009 | 101428 |
| First Interstate BancSystem, Inc. - Class A  | 2769 | 95807 |
| First Merchants Corp.  | 1824 | 68364 |
| Flagstar Bank NA  | 10838 | 136450 |
| FNB Corp.  | 11304 | 193298 |
| Fulton Financial Corp.  | 5771 | 111553 |
| Glacier Bancorp, Inc.  | 4307 | 189723 |
| Hancock Whitney Corp.  | 2680 | 170662 |
| Home BancShares, Inc.  | 5865 | 162930 |
| Independent Bank Corp.  | 1571 | 114809 |
| International Bancshares Corp.  | 1813 | 120456 |
| NBT Bancorp, Inc.  | 1630 | 67678 |
| Park National Corp.  | 471 | 71677 |
| Provident Financial Services, Inc.  | 4055 | 80086 |
| Renasant Corp.  | 2989 | 105273 |
| Seacoast Banking Corp. of Florida  | 3187 | 100136 |
| ServisFirst Bancshares, Inc.  | 1611 | 115654 |
| Simmons First National Corp. - Class A  | 4418 | 83279 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Stock Yards Bancorp, Inc.  | 920 | $59754 |
| Texas Capital Bancshares, Inc. <sup>(a)</sup> | 1443 | 130649 |
| TFS Financial Corp.  | 1898 | 25395 |
| Towne Bank  | 2580 | 86095 |
| Trustmark Corp.  | 1769 | 68903 |
| United Bankshares, Inc.  | 4459 | 171226 |
| United Community Banks, Inc.  | 3875 | 120977 |
| Valley National Bancorp  | 15380 | 179638 |
| WaFd, Inc.  | 2531 | 81068 |
| WesBanco, Inc.  | 2998 | 99654 |
| WSFS Financial Corp.  | 1802 | 99542 |
|  |  | 5716393 |
| **Reinsurance - 0.1%** |  |  |
| SiriusPoint Ltd. <sup>(a)</sup> | 3298 | 72193 |
| **Transaction & Payment Processing Services - 1.1%** |  |  |
| Euronet Worldwide, Inc. <sup>(a)</sup> | 1274 | 96964 |
| EVERTEC, Inc.  | 2015 | 58616 |
| Marqeta, Inc. - Class A <sup>(a)</sup> | 13299 | 63170 |
| Paymentus Holdings, Inc. - Class A <sup>(a)</sup> | 1359 | 42931 |
| Payoneer Global, Inc. <sup>(a)</sup> | 11291 | 63455 |
| Remitly Global, Inc. <sup>(a)</sup> | 5300 | 73140 |
| Sezzle, Inc. <sup>(a)</sup> | 519 | 32944 |
| Western Union Co.  | 10286 | 95763 |
| WEX, Inc. <sup>(a)</sup> | 1125 | 167603 |
|  |  | 694586 |
| **Total Financials** |  | 11882055 |
| **<u>Health Care</u> - 13.6%**  |  |  |
| **Biotechnology - 6.7%** |  |  |
| ACADIA Pharmaceuticals, Inc. <sup>(a)</sup> | 3973 | 106119 |
| ADMA Biologics, Inc. <sup>(a)</sup> | 7409 | 135140 |
| Agios Pharmaceuticals, Inc. <sup>(a)</sup> | 1830 | 49813 |
| Alkermes PLC <sup>(a)</sup> | 5219 | 146028 |
| Alvotech SA <sup>(a)</sup> | 3704 | 19001 |
| Apellis Pharmaceuticals, Inc. <sup>(a)</sup> | 3460 | 86915 |
| Apogee Therapeutics, Inc. <sup>(a)</sup> | 1537 | 116013 |
| Arcellx, Inc. <sup>(a)</sup> | 1729 | 112731 |
| Arrowhead Pharmaceuticals, Inc. <sup>(a)</sup> | 4223 | 280365 |
| Avidity Biosciences, Inc. <sup>(a)</sup> | 4196 | 302657 |
| Catalyst Pharmaceuticals, Inc. <sup>(a)</sup> | 3677 | 85821 |
| CG oncology, Inc. <sup>(a)</sup> | 1981 | 82251 |
| CRISPR Therapeutics AG <sup>(a)</sup> | 2835 | 148667 |
| Cytokinetics, Inc. <sup>(a)</sup> | 3794 | 241071 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Disc Medicine, Inc. <sup>(a)</sup> | 848 | $67340 |
| Ideaya Biosciences, Inc. <sup>(a)</sup> | 2712 | 93754 |
| ImmunityBio, Inc. <sup>(a)</sup> | 13965 | 27651 |
| Immunovant, Inc. <sup>(a)</sup> | 2209 | 56153 |
| Kiniksa Pharmaceuticals International PLC <sup>(a)</sup> | 1243 | 51274 |
| Krystal Biotech, Inc. <sup>(a)</sup> | 858 | 211531 |
| Kymera Therapeutics, Inc. <sup>(a)</sup> | 1893 | 147294 |
| Mirum Pharmaceuticals, Inc. <sup>(a)</sup> | 1342 | 106004 |
| MoonLake Immunotherapeutics <sup>(a)</sup> | 1189 | 15671 |
| Newamsterdam Pharma Co. NV <sup>(a)</sup> | 2428 | 85174 |
| Nuvalent, Inc. - Class A <sup>(a)</sup> | 1483 | 149175 |
| Protagonist Therapeutics, Inc. <sup>(a)</sup> | 1961 | 171274 |
| PTC Therapeutics, Inc. <sup>(a)</sup> | 2504 | 190204 |
| Recursion Pharmaceuticals, Inc. - Class A <sup>(a)</sup> | 13098 | 53571 |
| Rhythm Pharmaceuticals, Inc. <sup>(a)</sup> | 2167 | 231956 |
| Scholar Rock Holding Corp. <sup>(a)</sup> | 2579 | 113605 |
| Soleno Therapeutics, Inc. <sup>(a)</sup> | 1495 | 69218 |
| TG Therapeutics, Inc. <sup>(a)</sup> | 4602 | 137186 |
| Twist Bioscience Corp. <sup>(a)</sup> | 1834 | 58174 |
| Ultragenyx Pharmaceutical, Inc. <sup>(a)</sup> | 2871 | 66033 |
| Vaxcyte, Inc. <sup>(a)</sup> | 4248 | 196003 |
| Vericel Corp. <sup>(a)</sup> | 1601 | 57652 |
| Viking Therapeutics, Inc. <sup>(a)</sup> | 3723 | 130975 |
|  |  | 4399464 |
| **Health Care Equipment - 1.7%** |  |  |
| Envista Holdings Corp. <sup>(a)</sup> | 5265 | 114303 |
| Glaukos Corp. <sup>(a)</sup> | 1769 | 199738 |
| Inspire Medical Systems, Inc. <sup>(a)</sup> | 933 | 86050 |
| Integer Holdings Corp. <sup>(a)</sup> | 1111 | 87136 |
| iRhythm Technologies, Inc. <sup>(a)</sup> | 1039 | 184360 |
| LivaNova PLC <sup>(a)</sup> | 1739 | 107001 |
| PROCEPT BioRobotics Corp. <sup>(a)</sup> | 1669 | 52507 |
| Teleflex, Inc.  | 1464 | 178666 |
| TransMedics Group, Inc. <sup>(a)</sup> | 1049 | 127611 |
|  |  | 1137372 |
| **Health Care Facilities - 0.2%** |  |  |
| Acadia Healthcare Co., Inc. <sup>(a)</sup> | 2860 | 40584 |
| Concentra Group Holdings Parent, Inc.  | 3976 | 78248 |
| Surgery Partners, Inc. <sup>(a)</sup> | 2452 | 37883 |
|  |  | 156715 |
| **Health Care Services - 2.0%** |  |  |
| BrightSpring Health Services, Inc. <sup>(a)</sup> | 3697 | 138453 |
| Chemed Corp.  | 476 | 203661 |
| CorVel Corp. <sup>(a)</sup> | 926 | 62663 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| GeneDx Holdings Corp. <sup>(a)</sup> | 563 | $73224 |
| Guardant Health, Inc. <sup>(a)</sup> | 3937 | 402125 |
| Option Care Health, Inc. <sup>(a)</sup> | 5191 | 165385 |
| Privia Health Group, Inc. <sup>(a)</sup> | 3520 | 83459 |
| RadNet, Inc. <sup>(a)</sup> | 2218 | 158254 |
|  |  | 1287224 |
| **Health Care Supplies - 1.0%** |  |  |
| Dentsply Sirona, Inc.  | 6329 | 72341 |
| Haemonetics Corp. <sup>(a)</sup> | 1520 | 121828 |
| ICU Medical, Inc. <sup>(a)</sup> | 833 | 118844 |
| Lantheus Holdings, Inc. <sup>(a)</sup> | 2171 | 144480 |
| Merit Medical Systems, Inc. <sup>(a)</sup> | 1853 | 163323 |
|  |  | 620816 |
| **Health Care Technology - 0.2%** |  |  |
| Waystar Holding Corp. <sup>(a)</sup> | 3778 | 123730 |
| **Life Sciences Tools & Services - 0.4%** |  |  |
| Bruker Corp.  | 3309 | 155887 |
| Sotera Health Co. <sup>(a)</sup> | 5532 | 97584 |
|  |  | 253471 |
| **Managed Health Care - 0.2%** |  |  |
| Alignment Healthcare, Inc. <sup>(a)</sup> | 5085 | 100429 |
| **Pharmaceuticals - 1.2%** |  |  |
| Amneal Pharmaceuticals, Inc. <sup>(a)</sup> | 5382 | 67813 |
| Axsome Therapeutics, Inc. <sup>(a)</sup> | 1302 | 237797 |
| Crinetics Pharmaceuticals, Inc. <sup>(a)</sup> | 2941 | 136904 |
| Ligand Pharmaceuticals, Inc. <sup>(a)</sup> | 602 | 113820 |
| Organon & Co.  | 8327 | 59705 |
| Perrigo Co. PLC  | 4399 | 61234 |
| Prestige Consumer Healthcare, Inc. <sup>(a)</sup> | 1561 | 96298 |
|  |  | 773571 |
| **Total Health Care** |  | 8852792 |
| **<u>Industrials</u> - 14.2%**  |  |  |
| **Aerospace & Defense - 0.9%** |  |  |
| AAR Corp. <sup>(a)</sup> | 1228 | 101666 |
| Boeing Co. <sup>(a)</sup> | 0<sup>(c)</sup> | 47 |
| Hexcel Corp.  | 2531 | 187041 |
| Intuitive Machines, Inc. <sup>(a)</sup> | 3227 | 52374 |
| Mercury Systems, Inc. <sup>(a)</sup> | 1668 | 121780 |
| VSE Corp.  | 688 | 118866 |
|  |  | 581774 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Agricultural & Farm Machinery - 0.1%** |  |  |
| Alamo Group, Inc.  | 326 | $54726 |
| **Air Freight & Logistics - 0.4%** |  |  |
| GXO Logistics, Inc. <sup>(a)</sup> | 3601 | 189557 |
| Hub Group, Inc. - Class A  | 1869 | 79638 |
|  |  | 269195 |
| **Building Products - 1.6%** |  |  |
| AZZ, Inc.  | 938 | 100535 |
| CSW Industrials, Inc.  | 532 | 156158 |
| Griffon Corp.  | 1398 | 102963 |
| Hayward Holdings, Inc. <sup>(a)</sup> | 6749 | 104272 |
| Modine Manufacturing Co. <sup>(a)</sup> | 1691 | 225765 |
| Resideo Technologies, Inc. <sup>(a)</sup> | 4329 | 152034 |
| Tecnoglass, Inc.  | 967 | 48659 |
| UFP Industries, Inc.  | 1832 | 166804 |
|  |  | 1057190 |
| **Cargo Ground Transportation - 0.4%** |  |  |
| Landstar System, Inc.  | 1095 | 157352 |
| RXO, Inc. <sup>(a)</sup> | 5163 | 65260 |
| Schneider National, Inc. - Class B  | 1425 | 37805 |
|  |  | 260417 |
| **Commercial Printing - 0.2%** |  |  |
| Brady Corp. - Class A  | 1352 | 105956 |
| **Construction & Engineering - 2.0%** |  |  |
| Arcosa, Inc.  | 1614 | 171600 |
| Argan, Inc.  | 414 | 129715 |
| Construction Partners, Inc. - Class A <sup>(a)</sup> | 1492 | 161957 |
| Everus Construction Group, Inc. <sup>(a)</sup> | 1630 | 139463 |
| Granite Construction, Inc.  | 1394 | 160798 |
| MYR Group, Inc. <sup>(a)</sup> | 484 | 105754 |
| Primoris Services Corp.  | 1695 | 210417 |
| Tutor Perini Corp.  | 1420 | 95168 |
| WillScot Holdings Corp.  | 5702 | 107369 |
|  |  | 1282241 |
| **Construction Machinery & Heavy Transportation Equipment - 0.5%** |  |  |
| Atmus Filtration Technologies, Inc.  | 2639 | 136991 |
| REV Group, Inc.  | 1502 | 91337 |
| Terex Corp.  | 2017 | 107667 |
|  |  | 335995 |
| **Data Processing & Outsourced Services - 0.5%** |  |  |
| Concentrix Corp.  | 1687 | 70145 |
| Maximus, Inc.  | 1783 | 153909 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Verra Mobility Corp. <sup>(a)</sup> | 4884 | $109450 |
|  |  | 333504 |
| **Diversified Support Services - 0.4%** |  |  |
| ACV Auctions, Inc. - Class A <sup>(a)</sup> | 5314 | 42618 |
| OPENLANE, Inc. <sup>(a)</sup> | 3382 | 100716 |
| UniFirst Corp./MA  | 475 | 91628 |
|  |  | 234962 |
| **Electrical Components & Equipment - 1.1%** |  |  |
| Atkore, Inc.  | 1066 | 67425 |
| EnerSys  | 1175 | 172431 |
| Enovix Corp. <sup>(a)</sup> | 5169 | 37785 |
| Powell Industries, Inc.  | 305 | 97228 |
| Sensata Technologies Holding PLC  | 4625 | 153966 |
| Sunrun, Inc. <sup>(a)</sup> | 7104 | 130714 |
| Vicor Corp. <sup>(a)</sup> | 741 | 81214 |
|  |  | 740763 |
| **Environmental & Facilities Services - 0.1%** |  |  |
| ABM Industries, Inc.  | 1967 | 83204 |
| **Human Resource & Employment Services - 0.5%** |  |  |
| Alight, Inc. - Class A  | 13583 | 26487 |
| First Advantage Corp. <sup>(a)</sup> | 2632 | 38243 |
| Insperity, Inc.  | 1109 | 42940 |
| Korn Ferry  | 1640 | 108273 |
| Robert Half, Inc.  | 3176 | 86260 |
| TriNet Group, Inc.  | 944 | 55819 |
|  |  | 358022 |
| **Industrial Machinery & Supplies & Components - 1.5%** |  |  |
| Albany International Corp. - Class A  | 958 | 48571 |
| Enerpac Tool Group Corp.  | 1709 | 65352 |
| Enpro, Inc.  | 665 | 142396 |
| ESCO Technologies, Inc.  | 815 | 159243 |
| Franklin Electric Co., Inc.  | 1260 | 120368 |
| Kadant, Inc.  | 373 | 106312 |
| Mueller Water Products, Inc. - Class A  | 4965 | 118266 |
| Timken Co.  | 2051 | 172551 |
| Worthington Enterprises, Inc.  | 989 | 51003 |
|  |  | 984062 |
| **Marine Transportation - 0.2%** |  |  |
| Matson, Inc.  | 1024 | 126515 |
| **Office Services & Supplies - 0.2%** |  |  |
| HNI Corp.  | 2080 | 87443 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Pitney Bowes, Inc.  | 5182 | $54774 |
|  |  | 142217 |
| **Passenger Airlines - 0.2%** |  |  |
| Alaska Air Group, Inc. <sup>(a)</sup> | 925 | 46527 |
| Copa Holdings SA - Class A  | 243 | 29308 |
| SkyWest, Inc. <sup>(a)</sup> | 326 | 32734 |
|  |  | 108569 |
| **Passenger Ground Transportation - 0.5%** |  |  |
| Avis Budget Group, Inc. <sup>(a)</sup> | 516 | 66213 |
| Lyft, Inc. - Class A <sup>(a)</sup> | 12090 | 234183 |
|  |  | 300396 |
| **Research & Consulting Services - 1.5%** |  |  |
| Amentum Holdings, Inc. <sup>(a)</sup> | 4926 | 142854 |
| CBIZ, Inc. <sup>(a)</sup> | 1645 | 82990 |
| Clarivate PLC <sup>(a)</sup> | 12606 | 42104 |
| Exponent, Inc.  | 1611 | 111900 |
| FTI Consulting, Inc. <sup>(a)</sup> | 966 | 165022 |
| Huron Consulting Group, Inc. <sup>(a)</sup> | 540 | 93371 |
| KBR, Inc.  | 4061 | 163252 |
| Science Applications International Corp.  | 1484 | 149380 |
|  |  | 950873 |
| **Security & Alarm Services - 0.2%** |  |  |
| Brink's Co.  | 1307 | 152566 |
| **Trading Companies & Distributors - 1.2%** |  |  |
| Boise Cascade Co.  | 1190 | 87584 |
| GATX Corp.  | 1166 | 197754 |
| Herc Holdings, Inc.  | 1042 | 154612 |
| McGrath RentCorp  | 802 | 84154 |
| MSC Industrial Direct Co., Inc. - Class A  | 1490 | 125309 |
| Rush Enterprises, Inc. - Class A  | 1931 | 104158 |
| Rush Enterprises, Inc. - Class B  | 223 | 12546 |
|  |  | 766117 |
| **Total Industrials** |  | 9229264 |
| **<u>Information Technology</u> - 15.2%**  |  |  |
| **Application Software - 5.1%** |  |  |
| ACI Worldwide, Inc. <sup>(a)</sup> | 3316 | 158538 |
| Agilysys, Inc. <sup>(a)</sup> | 812 | 96498 |
| Alarm.com Holdings, Inc. <sup>(a)</sup> | 1510 | 77040 |
| Alkami Technology, Inc. <sup>(a)</sup> | 2095 | 48332 |
| Asana, Inc. - Class A <sup>(a)</sup> | 2889 | 39608 |
| AvePoint, Inc. <sup>(a)</sup> | 4824 | 67005 |
| BILL Holdings, Inc. <sup>(a)</sup> | 2841 | 154948 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Bitdeer Technologies Group <sup>(a)</sup> | 3076 | $34482 |
| Blackbaud, Inc. <sup>(a)</sup> | 1527 | 96690 |
| BlackLine, Inc. <sup>(a)</sup> | 1819 | 100572 |
| Box, Inc. - Class A <sup>(a)</sup> | 4466 | 133578 |
| Braze, Inc. - Class A <sup>(a)</sup> | 2554 | 87577 |
| C3.ai, Inc. - Class A <sup>(a)</sup> | 4521 | 60943 |
| Cleanspark, Inc. <sup>(a)</sup> | 8774 | 88793 |
| Clear Secure, Inc. - Class A  | 2684 | 94155 |
| Clearwater Analytics Holdings, Inc. - Class A <sup>(a)</sup> | 8958 | 216067 |
| Core Scientific, Inc. <sup>(a)</sup> | 9429 | 137286 |
| Five9, Inc. <sup>(a)</sup> | 2378 | 47679 |
| Freshworks, Inc. - Class A <sup>(a)</sup> | 7202 | 88224 |
| Intapp, Inc. <sup>(a)</sup> | 1791 | 82064 |
| Life360, Inc. <sup>(a)</sup> | 2385 | 152974 |
| LiveRamp Holdings, Inc. <sup>(a)</sup> | 2038 | 59856 |
| MARA Holdings, Inc. <sup>(a)</sup> | 11459 | 102902 |
| nCino, Inc. <sup>(a)</sup> | 3342 | 85689 |
| Pagaya Technologies Ltd. - Class A <sup>(a)</sup> | 2005 | 41904 |
| PAR Technology Corp. <sup>(a)</sup> | 1272 | 46148 |
| Q2 Holdings, Inc. <sup>(a)</sup> | 1904 | 137393 |
| RingCentral, Inc. - Class A <sup>(a)</sup> | 2473 | 71420 |
| Riot Platforms, Inc. <sup>(a)</sup> | 10595 | 134239 |
| SoundHound AI, Inc. - Class A <sup>(a)</sup> | 11619 | 115841 |
| Sprinklr, Inc. - Class A <sup>(a)</sup> | 4941 | 38441 |
| SPS Commerce, Inc. <sup>(a)</sup> | 1204 | 107313 |
| Vertex, Inc. - Class A <sup>(a)</sup> | 2097 | 41877 |
| Workiva, Inc. <sup>(a)</sup> | 1590 | 137137 |
| Zeta Global Holdings Corp. - Class A <sup>(a)</sup> | 5896 | 119984 |
|  |  | 3303197 |
| **Communications Equipment - 0.7%** |  |  |
| Calix, Inc. <sup>(a)</sup> | 1892 | 100144 |
| Extreme Networks, Inc. <sup>(a)</sup> | 4154 | 69164 |
| Viasat, Inc. <sup>(a)</sup> | 3997 | 137737 |
| Viavi Solutions, Inc. <sup>(a)</sup> | 7059 | 125791 |
|  |  | 432836 |
| **Electronic Components - 0.3%** |  |  |
| Belden, Inc.  | 1249 | 145571 |
| Vishay Intertechnology, Inc.  | 3910 | 56656 |
|  |  | 202227 |
| **Electronic Equipment & Instruments - 2.3%** |  |  |
| Advanced Energy Industries, Inc.  | 1193 | 249778 |
| Badger Meter, Inc.  | 941 | 164120 |
| Cognex Corp.  | 5527 | 198861 |
| Crane NXT Co.  | 1562 | 73523 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Mirion Technologies, Inc. <sup>(a)</sup> | 7616 | $178367 |
| Novanta, Inc. <sup>(a)</sup> | 1145 | 136244 |
| OSI Systems, Inc. <sup>(a)</sup> | 508 | 129571 |
| Ralliant Corp.  | 3630 | 184803 |
| Vontier Corp.  | 4656 | 173110 |
|  |  | 1488377 |
| **Electronic Manufacturing Services - 1.0%** |  |  |
| IPG Photonics Corp. <sup>(a)</sup> | 775 | 55490 |
| Plexus Corp. <sup>(a)</sup> | 854 | 125538 |
| Sanmina Corp. <sup>(a)</sup> | 1641 | 246265 |
| TTM Technologies, Inc. <sup>(a)</sup> | 3175 | 219075 |
|  |  | 646368 |
| **Internet Services & Infrastructure - 0.4%** |  |  |
| Applied Digital Corp. <sup>(a)</sup> | 7813 | 191575 |
| DigitalOcean Holdings, Inc. <sup>(a)</sup> | 2197 | 105720 |
|  |  | 297295 |
| **IT Consulting & Other Services - 0.4%** |  |  |
| ASGN, Inc. <sup>(a)</sup> | 1351 | 65078 |
| DXC Technology Co. <sup>(a)</sup> | 5731 | 83959 |
| Globant SA <sup>(a)</sup> | 1385 | 90537 |
|  |  | 239574 |
| **Semiconductor Materials & Equipment - 1.2%** |  |  |
| ACM Research, Inc. - Class A <sup>(a)</sup> | 1609 | 63475 |
| Amkor Technology, Inc.  | 3714 | 146629 |
| Axcelis Technologies, Inc. <sup>(a)</sup> | 1009 | 81063 |
| Enphase Energy, Inc. <sup>(a)</sup> | 4060 | 130123 |
| FormFactor, Inc. <sup>(a)</sup> | 2452 | 136772 |
| Onto Innovation, Inc. <sup>(a)</sup> | 1551 | 244841 |
|  |  | 802903 |
| **Semiconductors - 2.3%** |  |  |
| Ambarella, Inc. <sup>(a)</sup> | 1302 | 92234 |
| Cirrus Logic, Inc. <sup>(a)</sup> | 1692 | 200502 |
| Diodes, Inc. <sup>(a)</sup> | 1441 | 71099 |
| Impinj, Inc. <sup>(a)</sup> | 920 | 160089 |
| Power Integrations, Inc.  | 1769 | 62870 |
| Rigetti Computing, Inc. <sup>(a)</sup> | 10251 | 227060 |
| Semtech Corp. <sup>(a)</sup> | 2750 | 202648 |
| Silicon Laboratories, Inc. <sup>(a)</sup> | 1019 | 133183 |
| SiTime Corp. <sup>(a)</sup> | 668 | 235931 |
| Synaptics, Inc. <sup>(a)</sup> | 1203 | 89046 |
|  |  | 1474662 |
| **Systems Software - 1.0%** |  |  |
| Appian Corp. - Class A <sup>(a)</sup> | 1303 | 46152 |
| JFrog Ltd. <sup>(a)</sup> | 3179 | 198560 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Onestream, Inc. <sup>(a)</sup> | 2688 | $49405 |
| Progress Software Corp. <sup>(a)</sup> | 1358 | 58340 |
| Qualys, Inc. <sup>(a)</sup> | 1151 | 152968 |
| Tenable Holdings, Inc. <sup>(a)</sup> | 3853 | 90661 |
| Teradata Corp. <sup>(a)</sup> | 2983 | 90803 |
|  |  | 686889 |
| **Technology Distributors - 0.3%** |  |  |
| Avnet, Inc.  | 2669 | 128325 |
| Insight Enterprises, Inc. <sup>(a)</sup> | 1012 | 82448 |
|  |  | 210773 |
| **Technology Hardware, Storage & Peripherals - 0.2%** |  |  |
| Diebold Nixdorf, Inc. <sup>(a)</sup> | 795 | 53973 |
| Quantum Computing, Inc. <sup>(a)</sup> | 5229 | 53649 |
|  |  | 107622 |
| **Total Information Technology** |  | 9892723 |
| **<u>Materials</u> - 5.6%**  |  |  |
| **Aluminum - 0.1%** |  |  |
| Constellium SE <sup>(a)</sup> | 4491 | 84655 |
| **Commodity Chemicals - 0.5%** |  |  |
| Cabot Corp.  | 1699 | 112610 |
| Hawkins, Inc.  | 610 | 86656 |
| Olin Corp.  | 3666 | 76363 |
| PureCycle Technologies, Inc. <sup>(a)</sup> | 5161 | 44333 |
|  |  | 319962 |
| **Construction Materials - 0.3%** |  |  |
| Knife River Corp. <sup>(a)</sup> | 1913 | 134579 |
| United States Lime & Minerals, Inc.  | 347 | 41550 |
|  |  | 176129 |
| **Diversified Metals & Mining - 0.1%** |  |  |
| Materion Corp.  | 648 | 80560 |
| **Fertilizers & Agricultural Chemicals - 0.2%** |  |  |
| FMC Corp.  | 3900 | 54093 |
| Scotts Miracle-Gro Co.  | 1362 | 79473 |
|  |  | 133566 |
| **Gold - 0.5%** |  |  |
| Coeur Mining, Inc. <sup>(a)</sup> | 17963 | 320280 |
| **Metal, Glass & Plastic Containers - 0.3%** |  |  |
| Ardagh Metal Packaging SA  | 4604 | 18876 |
| Greif, Inc. - Class A  | 828 | 56056 |
| Greif, Inc. - Class B  | 192 | 14341 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Silgan Holdings, Inc.  | 2831 | $114287 |
|  |  | 203560 |
| **Paper & Plastic Packaging Products & Materials - 0.5%** |  |  |
| Sealed Air Corp.  | 4685 | 194100 |
| Sonoco Products Co.  | 3136 | 136855 |
|  |  | 330955 |
| **Silver - 0.6%** |  |  |
| Hecla Mining Co.  | 20417 | 391802 |
| **Specialty Chemicals - 1.6%** |  |  |
| Ashland, Inc.  | 1451 | 85130 |
| Avient Corp.  | 2881 | 90002 |
| Balchem Corp.  | 1039 | 159341 |
| Celanese Corp.  | 3500 | 147980 |
| Element Solutions, Inc.  | 7541 | 188450 |
| HB Fuller Co.  | 1721 | 102331 |
| Perimeter Solutions, Inc. <sup>(a)</sup> | 4466 | 122949 |
| Sensient Technologies Corp.  | 1342 | 126081 |
|  |  | 1022264 |
| **Steel - 0.9%** |  |  |
| Cleveland-Cliffs, Inc. <sup>(a)</sup> | 15561 | 206650 |
| Commercial Metals Co.  | 3500 | 242270 |
| Warrior Met Coal, Inc.  | 1654 | 145833 |
|  |  | 594753 |
| **Total Materials** |  | 3658486 |
| **<u>Real Estate</u> - 0.9%**  |  |  |
| **Diversified Real Estate Activities - 0.1%** |  |  |
| St Joe Co.  | 1391 | 82584 |
| **Real Estate Development - 0.1%** |  |  |
| Howard Hughes Holdings, Inc. <sup>(a)</sup> | 988 | 78813 |
| **Real Estate Operating Companies - 0.1%** |  |  |
| Landbridge Co. LLC - Class A  | 738 | 36154 |
| **Real Estate Services - 0.6%** |  |  |
| Compass, Inc. - Class A <sup>(a)</sup> | 16388 | 173221 |
| Cushman & Wakefield Ltd. <sup>(a)</sup> | 7325 | 118592 |
| Newmark Group, Inc. - Class A  | 4728 | 81983 |
|  |  | 373796 |
| **Total Real Estate** |  | 571347 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **<u>Utilities</u> - 3.3%**  | |  |
| **Electric Utilities - 0.8%** |  |  |
| MGE Energy, Inc.  | 1169 | $91673 |
| Otter Tail Corp.  | 1316 | 106346 |
| Portland General Electric Co.  | 3501 | 168013 |
| TXNM Energy, Inc.  | 3331 | 196129 |
|  |  | 562161 |
| **Gas Utilities - 1.3%** |  |  |
| Chesapeake Utilities Corp.  | 731 | 91200 |
| MDU Resources Group, Inc.  | 6457 | 126041 |
| New Jersey Resources Corp.  | 3203 | 147722 |
| ONE Gas, Inc.  | 1982 | 153109 |
| Southwest Gas Holdings, Inc.  | 2178 | 174284 |
| Spire, Inc.  | 1809 | 149604 |
|  |  | 841960 |
| **Multi-Utilities - 0.6%** |  |  |
| Avista Corp.  | 2565 | 98855 |
| Black Hills Corp.  | 2315 | 160707 |
| Northwestern Energy Group, Inc.  | 1946 | 125595 |
|  |  | 385157 |
| **Renewable Electricity - 0.3%** |  |  |
| Ormat Technologies, Inc.  | 1871 | 206689 |
| **Water Utilities - 0.3%** |  |  |
| American States Water Co.  | 1225 | 88788 |
| California Water Service Group  | 1899 | 82284 |
|  |  | 171072 |
| **Total Utilities** |  | 2167039 |
| **TOTAL COMMON STOCKS** (Cost $54,149,797) |  | 60272023 |
| **REAL ESTATE INVESTMENT TRUSTS - 7.2%**  |  |  |
| **<u>Financials</u> - 0.2%**  |  |  |
| **Mortgage REITs - 0.2%** |  |  |
| Arbor Realty Trust, Inc.  | 5820 | 45163 |
| Blackstone Mortgage Trust, Inc. - Class A  | 5148 | 98481 |
| **Total Financials** |  | 143644 |
| **<u>Industrials</u> - 0.2%**  |  |  |
| **Security & Alarm Services - 0.2%** |  |  |
| CoreCivic, Inc. <sup>(a)</sup> | 3405 | 65070 |
| GEO Group, Inc. <sup>(a)</sup> | 4316 | 69574 |
| **Total Industrials** |  | 134644 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **<u>Real Estate</u> - 6.8%**  | |  |
| **Diversified REITs - 0.4%** |  |  |
| Broadstone Net Lease, Inc.  | 5927 | $102952 |
| Essential Properties Realty Trust, Inc.  | 6293 | 186650 |
|  |  | 289602 |
| **Health Care REITs - 1.6%** |  |  |
| American Healthcare REIT, Inc.  | 5227 | 245983 |
| CareTrust REIT, Inc.  | 7003 | 253229 |
| Healthcare Realty Trust, Inc.  | 11520 | 195264 |
| Medical Properties Trust, Inc.  | 14774 | 73870 |
| National Health Investors, Inc.  | 1430 | 109209 |
| Sabra Health Care REIT, Inc.  | 7510 | 142239 |
|  |  | 1019794 |
| **Hotel & Resort REITs - 0.5%** |  |  |
| Apple Hospitality REIT, Inc.  | 6790 | 80461 |
| Park Hotels & Resorts, Inc.  | 5914 | 61860 |
| Ryman Hospitality Properties, Inc.  | 1996 | 188862 |
|  |  | 331183 |
| **Industrial REITs - 0.6%** |  |  |
| Americold Realty Trust, Inc.  | 9135 | 117476 |
| LXP Industrial Trust  | 1845 | 91475 |
| Terreno Realty Corp.  | 3235 | 189927 |
|  |  | 398878 |
| **Multi-Family Residential REITs - 0.2%** |  |  |
| Independence Realty Trust, Inc.  | 7448 | 130191 |
| **Office REITs - 1.0%** |  |  |
| COPT Defense Properties  | 3614 | 100469 |
| Cousins Properties, Inc.  | 5352 | 137974 |
| Douglas Emmett, Inc.  | 5217 | 57335 |
| Highwoods Properties, Inc.  | 3449 | 89053 |
| Kilroy Realty Corp.  | 3759 | 140474 |
| SL Green Realty Corp.  | 2280 | 104584 |
|  |  | 629889 |
| **Other Specialized REITs - 0.7%** |  |  |
| EPR Properties  | 2390 | 119261 |
| Four Corners Property Trust, Inc.  | 3184 | 73423 |
| Millrose Properties, Inc.  | 3851 | 115030 |
| Outfront Media, Inc. <sup>(a)</sup> | 5231 | 126067 |
|  |  | 433781 |
| **Retail REITs - 1.4%** |  |  |
| Acadia Realty Trust  | 4185 | 85960 |
| Curbline Properties Corp.  | 3072 | 71301 |
| InvenTrust Properties Corp.  | 2476 | 69848 |
| Kite Realty Group Trust  | 7013 | 168102 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE SMALL-CAP ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Macerich Co.  | 8063 | $148843 |
| Phillips Edison & Co., Inc.  | 4014 | 142778 |
| Tanger, Inc.  | 3547 | 118363 |
| Urban Edge Properties  | 4040 | 77528 |
|  |  | 882723 |
| **Self-Storage REITs - 0.1%** |  |  |
| National Storage Affiliates Trust  | 2264 | 63867 |
| **Timber REITs - 0.3%** |  |  |
| PotlatchDeltic Corp.  | 2461 | 97899 |
| Rayonier, Inc.  | 5556 | 120292 |
|  |  | 218191 |
| **Total Real Estate** |  | 4398099 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $4,546,278) |  | 4676387 |
| **RIGHTS - 0.0%** <sup>(b)</sup> |  |  |
| **Pharmaceuticals - 0.0%**<sup>(b)</sup> |  |  |
| Novo Nordisk AS, Exercise Price $0.00 <sup>(a)(d)</sup> | 2475 |  |
| Pfizer, Inc., Expires 11/16/2026, Exercise Price $20.65 <sup>(a)(d)</sup> | 2014 |  |
| **TOTAL RIGHTS** (Cost $0) |  |  |
| **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 0.3%**  |  |  |
| First American Government Obligations Fund - Class X, 3.67% <sup>(e)</sup> | 212973 | 212973 |
| **TOTAL MONEY MARKET FUNDS** (Cost $212,973) |  | 212973 |
| **TOTAL INVESTMENTS - 99.9% (**Cost $58,909,048**)** |  | $65161383 |
| Other Assets in Excess of Liabilities - 0.1%  |  | 57660 |
| **TOTAL NET ASSETS - 100.0%** |  | $65219043 |

---

Percentages are stated as a percent of net assets.

---

| |
|:---|
| LLC - Limited Liability Company |
| PLC - Public Limited Company |
| REIT - Real Estate Investment Trust |

---

(a) Non-income producing security.

(b) Represents less than 0.05% of net assets.

(c) Rounds to zero.

(d) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of December 31, 2025.

(e) The rate shown represents the 7-day annualized yield as of December 31, 2025.

The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE TOTAL RETURN BOND ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| **MORTGAGE-BACKED SECURITIES - 36.8%**  | | |
| Federal Home Loan Mortgage Corp. |  |  |
| Pool QF3730, 5.00%, 11/01/2052  | $740178 | $743478 |
| Pool QF5342, 4.00%, 12/01/2052  | 1366629 | 1296741 |
| Pool QJ0225, 6.00%, 07/01/2054  | 1119720 | 1155797 |
| Pool QJ7711, 5.00%, 11/01/2054  | 888589 | 887750 |
| Pool QX1669, 5.00%, 12/01/2054  | 898490 | 906065 |
| Pool SD1961, 5.50%, 12/01/2052  | 331760 | 336501 |
| Pool SD2500, 5.00%, 03/01/2053  | 837948 | 836109 |
| Pool SD8134, 2.00%, 03/01/2051  | 1373394 | 1114319 |
| Pool SD8256, 4.00%, 10/01/2052  | 1796009 | 1712021 |
| Pool SD8322, 4.50%, 05/01/2053  | 837840 | 818100 |
| Pool SD8325, 6.00%, 05/01/2053  | 805805 | 828999 |
| Pool SD8384, 6.00%, 12/01/2053  | 1628081 | 1676468 |
| Pool SL0079, 5.00%, 02/01/2055  | 951308 | 951928 |
| Pool SL0741, 6.00%, 02/01/2055  | 852422 | 878875 |
| Federal National Mortgage Association |  |  |
| Pool BT0240, 2.00%, 09/01/2051  | 1470341 | 1195734 |
| Pool CB4379, 4.00%, 08/01/2052  | 2160953 | 2055170 |
| Pool DB6624, 5.50%, 06/01/2054  | 601147 | 616477 |
| Pool DC9709, 6.00%, 01/01/2055  | 428342 | 441742 |
| Pool FA0516, 5.00%, 02/01/2055  | 957036 | 957329 |
| Pool FA1342, 5.00%, 03/01/2054  | 3247630 | 3254713 |
| Pool FA2387, 4.50%, 06/01/2053  | 3355927 | 3292590 |
| Pool FS4932, 6.00%, 06/01/2053  | 613050 | 632994 |
| Pool FS5635, 4.00%, 11/01/2052  | 1713569 | 1625938 |
| Pool FS8417, 4.00%, 10/01/2052  | 991640 | 947746 |
| Pool FS9287, 5.50%, 09/01/2054  | 957177 | 972651 |
| Pool MA4437, 2.00%, 10/01/2051  | 2549491 | 2078118 |
| Pool MA4919, 5.50%, 02/01/2053  | 792168 | 803489 |
| Pool MA5008, 4.50%, 05/01/2053  | 1251450 | 1221965 |
| Pool MA5039, 5.50%, 06/01/2053  | 835235 | 849781 |
| Pool MA5109, 6.50%, 08/01/2053  | 264817 | 276081 |
| Pool MA5165, 5.50%, 10/01/2053  | 776043 | 790286 |
| Pool MA5215, 5.50%, 12/01/2053  | 2445900 | 2486969 |
| Pool MB0302, 5.50%, 02/01/2055  | 884593 | 897234 |
| Ginnie Mae II Pool |  |  |
| Pool MA8493, 6.50%, 12/20/2052  | 81082 | 83822 |
| Pool MA8570, 5.50%, 01/20/2053  | 654132 | 660618 |
| Pool MA8727, 6.00%, 03/20/2053  | 833551 | 849729 |
| Pool MA8800, 5.00%, 04/20/2053  | 391056 | 392154 |
| Pool MA8801, 5.50%, 04/20/2053  | 762906 | 771425 |
| Pool MA8877, 4.50%, 05/20/2053  | 1260869 | 1228797 |
| Pool MA8880, 6.00%, 05/20/2053  | 563327 | 574260 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE TOTAL RETURN BOND ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| Pool MA9018, 6.00%, 07/20/2053  | $289147 | $294759 |
| Pool MA9166, 3.00%, 09/20/2053  | 157221 | 142082 |
| **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $43,798,419) |  | 44537804 |
| **ASSET-BACKED SECURITIES - 15.7%**  |  |  |
| Affirm, Inc., Series 2024-A, Class D, 6.89%, 02/15/2029 <sup>(a)</sup> | 200000 | 200433 |
| American Credit Acceptance Receivables Trust, Series 2023-1, Class D, 6.35%, 04/12/2029 <sup>(a)</sup> | 250000 | 252141 |
| American Heritage Auto Receivables Trust, Series 2024-1A, Class D, 6.34%, 01/18/2033 <sup>(a)</sup> | 250000 | 256983 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, Class D, 5.82%, 01/15/2032 <sup>(a)</sup> | 500000 | 499645 |
| Avis Budget Car Rental LLC, Series 2025-2A, Class C, 6.24%, 08/20/2031 <sup>(a)</sup> | 1000000 | 1038387 |
| Carvana Auto Receivables Trust |  |  |
| Series 2023-P4, Class D, 7.37%, 10/10/2030 <sup>(a)</sup> | 1000000 | 1066375 |
| Series 2023-P5, Class D, 7.18%, 12/10/2030 <sup>(a)</sup> | 1000000 | 1063084 |
| Exeter Automobile Receivables Trust, Series 2025-5A, Class D, 5.16%, 03/15/2032  | 1000000 | 1007882 |
| FHF Trust |  |  |
| Series 2024-2A, Class D, 7.15%, 09/15/2031 <sup>(a)</sup> | 500000 | 491357 |
| Series 2024-3A, Class D, 6.01%, 12/15/2031 <sup>(a)</sup> | 500000 | 473346 |
| FIGRE Trust 2024-HE1, Series 2024-HE1, Class B, 6.51%, 03/25/2054 <sup>(a)(b)</sup> | 644268 | 665179 |
| FREED ABS Trust, Series 2022-4FP, Class D, 7.40%, 12/18/2029 <sup>(a)</sup> | 71581 | 71922 |
| GLS Auto Select Receivables Trust, Series 2024-2A, Class D, 6.37%, 08/15/2031 <sup>(a)</sup> | 1000000 | 1034346 |
| GoodLeap Sustainable Home Solutions Trust, Series 2022-1GS, Class A, 2.70%, 01/20/2049 <sup>(a)</sup> | 118811 | 103519 |
| GreenSky LLC, Series 2024-2, Class D, 6.43%, 10/27/2059 <sup>(a)</sup> | 966443 | 986052 |
| Hertz Corp. |  |  |
| Series 2023-4A, Class C, 7.51%, 03/25/2030 <sup>(a)</sup> | 500000 | 527491 |
| Series 2025-6A, Class A, 4.89%, 05/25/2032 <sup>(a)</sup> | 1000000 | 1006606 |
| Mariner Finance Issuance Trust, Series 2024-BA, Class D, 6.36%, 11/20/2038 <sup>(a)</sup> | 538000 | 551597 |
| Marlette Funding Trust |  |  |
| Series 2023-2A, Class D, 7.92%, 06/15/2033 <sup>(a)</sup> | 300000 | 306126 |
| Series 2024-1A, Class D, 6.93%, 07/17/2034 <sup>(a)</sup> | 500000 | 513722 |
| Marlette Funding Trust 2025-1, Series 2025-1A, Class D, 6.02%, 07/16/2035 <sup>(a)</sup> | 500000 | 505471 |
| Octane Receivables Trust, Series 2024-RVM1, Class D, 6.30%, 01/22/2046 <sup>(a)</sup> | 500000 | 514463 |
| Pagaya AI Debt Selection Trust |  |  |
| Series 2025-1, Class D, 6.28%, 07/15/2032 <sup>(a)</sup> | 916965 | 921267 |
| Series 2025-7, Class D, 5.54%, 05/15/2033 <sup>(a)</sup> | 950000 | 951399 |
| Purchasing Power Funding, Series 2024-A, Class D, 7.26%, 08/15/2028 <sup>(a)</sup> | 200000 | 200274 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE TOTAL RETURN BOND ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| Republic Finance Issuance Trust, Series 2024-A, Class C, 7.28%, 08/20/2032 <sup>(a)</sup> | $250000 | $257596 |
| Saluda Grade Mortgage Funding LLC, Series 2023-FIG4, Class A, 6.72%, 11/25/2053 <sup>(a)(b)</sup> | 323466 | 330127 |
| SoFi Consumer Loan Program Trust, Series 2025-1, Class D, 5.72%, 02/27/2034 <sup>(a)</sup> | 1000000 | 1016556 |
| Sunnova Energy International, Inc., Series 2023-B, Class A, 5.30%, 08/22/2050 <sup>(a)</sup> | 84485 | 77470 |
| Theorem Funding Trust, Series 2022-2A, Class B, 9.27%, 12/15/2028 <sup>(a)</sup> | 140092 | 140281 |
| Towd Point Mortgage Trust, Series 2024-4, Class A2, 4.58%, 10/27/2064 <sup>(a)(b)</sup> | 1500000 | 1436170 |
| Veros Automobile Receivables Trust, Series 2024-1, Class C, 7.57%, 12/15/2028 <sup>(a)</sup> | 500000 | 513335 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $18,619,148) |  | 18980602 |
| **U.S. TREASURY SECURITIES - 14.2%**  |  |  |
| United States Treasury Note/Bond |  |  |
| 1.25%, 04/30/2028  | 1000000 | 950156 |
| 4.38%, 08/31/2028  | 1000000 | 1021270 |
| 3.50%, 04/30/2030  | 1000000 | 992969 |
| 4.13%, 08/31/2030  | 1000000 | 1017773 |
| 1.25%, 08/15/2031  | 2250000 | 1960708 |
| 4.13%, 11/15/2032  | 1200000 | 1213875 |
| 3.50%, 02/15/2033  | 1000000 | 971973 |
| 3.88%, 08/15/2033  | 1000000 | 991914 |
| 4.38%, 05/15/2034  | 1000000 | 1022129 |
| 4.50%, 05/15/2038  | 1000000 | 1019336 |
| 3.50%, 02/15/2039  | 1200000 | 1094062 |
| 1.13%, 05/15/2040  | 3000000 | 1904648 |
| 1.13%, 08/15/2040  | 1000000 | 628516 |
| 3.88%, 08/15/2040  | 1600000 | 1482500 |
| 1.88%, 11/15/2051  | 1500000 | 829629 |
| **TOTAL U.S. TREASURY SECURITIES** (Cost $17,103,787) |  | 17101458 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 12.1%**  |  |  |
| Ellington Financial Mortgage Trust, Series 2021-2, Class M1, 2.30%, 06/25/2066 <sup>(a)(b)</sup> | 885000 | 625708 |
| Federal Home Loan Mortgage Corp. |  |  |
| Series K-171, Class A2, 4.40%, 06/25/2035 <sup>(b)</sup> | 2000000 | 1992436 |
| Series K-172, Class A2, 4.58%, 08/25/2035 <sup>(b)</sup> | 2000000 | 2017364 |
| Series K-173, Class A2, 4.60%, 09/25/2035 <sup>(b)</sup> | 2000000 | 2019754 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2023-HQA2, Class M1B, 7.22% (30 day avg SOFR US + 3.35%), 06/25/2043 <sup>(a)</sup> | 500000 | 516214 |
| GCAT, Series 2021-NQM4, Class A3, 1.56%, 08/25/2066 <sup>(a)(b)</sup> | 1030986 | 856635 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE TOTAL RETURN BOND ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| GS Mortgage-Backed Securities Trust |  |  |
| Series 2021-MM1, Class A2, 2.50%, 04/25/2052 <sup>(a)(b)</sup> | $1573743 | $1291730 |
| Series 2023-PJ4, Class A15, 6.00%, 01/25/2054 <sup>(a)(b)</sup> | 275373 | 278342 |
| JP Morgan Mortgage Trust, Series 2021-1, Class A3, 2.50%, 06/25/2051 <sup>(a)(b)</sup> | 422904 | 357281 |
| MFRA Trust, Series 2021-NQM2, Class A3, 1.47%, 11/25/2064 <sup>(a)(b)</sup> | 339141 | 301776 |
| Onslow Bay Mortgage Loan Trust |  |  |
| Series 2021-J2, Class A1, 2.50%, 07/25/2051 <sup>(a)(b)</sup> | 1114724 | 930747 |
| Series 2021-NQM2, Class A3, 1.56%, 05/25/2061 <sup>(a)(b)</sup> | 610024 | 519774 |
| RCKT Mortgage Trust, Series 2022-4, Class A2, 3.50%, 06/25/2052 <sup>(a)(b)</sup> | 774502 | 697769 |
| SGR Residential Mortgage Trust |  |  |
| Series 2020-2, Class A1, 1.38%, 05/25/2065 <sup>(a)(b)</sup> | 309152 | 288368 |
| Series 2021-1, Class M1, 2.50%, 07/25/2061 <sup>(a)(b)</sup> | 744000 | 511984 |
| Starwood Mortgage Residential Trust, Series 2022-2, Class A1, 3.17%, 02/25/2067 <sup>(a)(b)</sup> | 1024760 | 995719 |
| Western Alliance Bancorp, Series 2021-CL2, Class M3, 7.97% (30 day avg SOFR US + 4.10%), 07/25/2059 <sup>(a)</sup> | 418027 | 442587 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** (Cost $14,542,054) |  | 14644188 |
| **CORPORATE BONDS - 10.2%**  |  |  |
| **<u>Communication Services</u> - 0.5%** |  |  |
| **Cable & Satellite - 0.1%** |  |  |
| Comcast Corp., 6.50%, 11/15/2035  | 110000 | 122118 |
| **Integrated Telecommunication Services - 0.3%** |  |  |
| AT&T, Inc., 4.90%, 08/15/2037  | 185000 | 180342 |
| Verizon Communications, Inc., 4.27%, 01/15/2036  | 195000 | 182796 |
|  |  | 363138 |
| **Wireless Telecommunication Services - 0.1%** |  |  |
| T-Mobile USA, Inc., 5.75%, 01/15/2034  | 115000 | 122042 |
| **Total Communication Services** |  | 607298 |
| **<u>Consumer Discretionary</u> - 0.7%** |  |  |
| **Automobile Manufacturers - 0.1%** |  |  |
| Ford Motor Credit Co. LLC, 6.13%, 03/08/2034  | 60000 | 60996 |
| General Motors Financial Co., Inc., 6.10%, 01/07/2034  | 85000 | 90143 |
|  |  | 151139 |
| **Automotive Parts & Equipment - 0.2%** |  |  |
| BorgWarner, Inc., 5.40%, 08/15/2034  | 90000 | 92841 |
| Phinia, Inc., 6.75%, 04/15/2029 <sup>(a)</sup> | 100000 | 103623 |
|  |  | 196464 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE TOTAL RETURN BOND ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| **Automotive Retail - 0.1%** | | |
| O'Reilly Automotive, Inc., 4.70%, 06/15/2032  | $90000 | $90956 |
| **Home Improvement Retail - 0.1%** |  |  |
| Lowe's Cos., Inc., 5.15%, 07/01/2033  | 90000 | 93058 |
| **Homebuilding - 0.1%** |  |  |
| Meritage Homes Corp., 5.65%, 03/15/2035  | 90000 | 92001 |
| PulteGroup, Inc., 6.38%, 05/15/2033  | 85000 | 93273 |
|  |  | 185274 |
| **Hotels, Resorts & Cruise Lines - 0.1%** |  |  |
| Royal Caribbean Cruises Ltd., 6.00%, 02/01/2033 <sup>(a)</sup> | 120000 | 123341 |
| **Total Consumer Discretionary** |  | 840232 |
| **<u>Consumer Staples</u> - 1.2%** |  |  |
| **Agricultural Products & Services - 0.1%** |  |  |
| Bunge Ltd. Finance Corp., 2.75%, 05/14/2031  | 130000 | 119449 |
| **Brewers - 0.1%** |  |  |
| Molson Coors Beverage Co., 4.20%, 07/15/2046  | 75000 | 60321 |
| **Distillers & Vintners - 0.1%** |  |  |
| Brown-Forman Corp., 4.00%, 04/15/2038  | 100000 | 90291 |
| Constellation Brands, Inc., 4.90%, 05/01/2033  | 90000 | 90480 |
|  |  | 180771 |
| **Food & Beverage - 0.2%** |  |  |
| JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl, 6.75%, 03/15/2034  | 110000 | 121597 |
| Mars, Inc., 5.20%, 03/01/2035 <sup>(a)</sup> | 120000 | 123383 |
|  |  | 244980 |
| **Food Retail - 0.1%** |  |  |
| Kroger Co., 5.00%, 09/15/2034  | 120000 | 120709 |
| **Packaged Foods & Meats - 0.4%** |  |  |
| Campbell's Co., 5.40%, 03/21/2034  | 120000 | 122262 |
| Conagra Brands, Inc., 5.30%, 11/01/2038  | 95000 | 90748 |
| J M Smucker Co., 6.20%, 11/15/2033  | 110000 | 119289 |
| Kraft Heinz Foods Co., 6.88%, 01/26/2039  | 80000 | 89471 |
| Tyson Foods, Inc., 4.88%, 08/15/2034  | 120000 | 119708 |
|  |  | 541478 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE TOTAL RETURN BOND ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| **Soft Drinks & Non-alcoholic Beverages - 0.1%** | | |
| Keurig Dr Pepper, Inc., 5.30%, 03/15/2034  | $120000 | $122406 |
| **Tobacco - 0.1%** |  |  |
| Philip Morris International, Inc., 5.25%, 02/13/2034  | 115000 | 118906 |
| **Total Consumer Staples** |  | 1509020 |
| **<u>Energy</u> - 0.9%** |  |  |
| **Midstream - 0.1%** |  |  |
| Plains All American Pipeline LP / PAA Finance Corp., 5.70%, 09/15/2034  | 90000 | 92956 |
| **Oil & Gas Exploration & Production - 0.1%** |  |  |
| Continental Resources, Inc., 5.75%, 01/15/2031 <sup>(a)</sup> | 90000 | 92338 |
| Hess Corp., 7.13%, 03/15/2033  | 80000 | 92669 |
|  |  | 185007 |
| **Oil & Gas Storage & Transportation - 0.7%** |  |  |
| Cheniere Corpus Christi Holdings LLC, 2.74%, 12/31/2039  | 105000 | 89797 |
| Cheniere Energy Partners LP, 5.75%, 08/15/2034  | 90000 | 94014 |
| Energy Transfer LP, 7.38%, 02/01/2031 <sup>(a)</sup> | 60000 | 62339 |
| Kinder Morgan, Inc., 5.95%, 08/01/2054  | 90000 | 89853 |
| MPLX LP, 5.00%, 03/01/2033  | 90000 | 90597 |
| ONEOK, Inc., 6.05%, 09/01/2033  | 85000 | 90607 |
| Targa Resources Corp., 6.50%, 03/30/2034  | 85000 | 92800 |
| Western Midstream Operating LP, 6.15%, 04/01/2033  | 85000 | 90197 |
| Williams Cos., Inc., 5.60%, 03/15/2035  | 90000 | 93807 |
|  |  | 794011 |
| **Total Energy** |  | 1071974 |
| **<u>Financials</u> - 3.5%** |  |  |
| **Commercial & Residential Mortgage Finance - 0.2%** |  |  |
| Enact Holdings, Inc., 6.25%, 05/28/2029  | 85000 | 89083 |
| NMI Holdings, Inc., 6.00%, 08/15/2029  | 90000 | 93306 |
| Radian Group, Inc., 6.20%, 05/15/2029  | 85000 | 89170 |
|  |  | 271559 |
| **Consumer Finance - 0.4%** |  |  |
| American Express Co., 5.28% to 07/26/2034 then SOFR + 1.42%, 07/26/2035  | 235000 | 242259 |
| Capital One Financial Corp., 6.18% to 01/30/2035 then SOFR + 2.04%, 01/30/2036  | 230000 | 240177 |
|  |  | 482436 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE TOTAL RETURN BOND ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| **Diversified Banks - 1.1%** | | |
| Bank of America Corp., 2.48% to 09/21/2031 then 5 yr. CMT Rate + 1.20%, 09/21/2036  | $310000 | $272136 |
| Fifth Third Bancorp, 5.63% to 01/29/2031 then SOFR + 1.84%, 01/29/2032  | 230000 | 241471 |
| JPMorgan Chase & Co., 6.25% to 10/23/2033 then SOFR + 1.81%, 10/23/2034  | 275000 | 302415 |
| PNC Financial Services Group, Inc., 5.68% to 01/22/2034 then SOFR + 1.90%, 01/22/2035  | 260000 | 274225 |
| Wells Fargo & Co., 5.56% to 07/25/2033 then SOFR + 1.99%, 07/25/2034  | 230000 | 241264 |
|  |  | 1331511 |
| **Diversified Capital Markets - 0.2%** |  |  |
| UBS Group AG, 5.70% to 02/08/2034 then 1 yr. CMT Rate + 1.77%, 02/08/2035 <sup>(a)</sup> | 230000 | 241961 |
| **Financial Exchanges & Data - 0.1%** |  |  |
| MSCI, Inc., 5.25%, 09/01/2035  | 120000 | 120836 |
| **Investment Banking & Brokerage - 0.5%** |  |  |
| Goldman Sachs Group, Inc., 5.54% to 01/28/2035 then SOFR + 1.38%, 01/28/2036  | 235000 | 244036 |
| LPL Holdings, Inc., 4.00%, 03/15/2029 <sup>(a)</sup> | 125000 | 122974 |
| Morgan Stanley, 5.95% to 01/19/2033 then 5 yr. CMT Rate + 2.43%, 01/19/2038  | 230000 | 242103 |
|  |  | 609113 |
| **Life & Health Insurance - 0.1%** |  |  |
| Prudential Financial, Inc., 5.20%, 03/14/2035  | 120000 | 123143 |
| **Regional Banks - 0.2%** |  |  |
| M&T Bank Corp., 5.40% to 07/30/2030 then 5 yr. CMT Rate + 1.43%, 07/30/2035  | 240000 | 242421 |
| **Specialized Finance - 0.5%** |  |  |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 3.30%, 01/30/2032  | 130000 | 120068 |
| Aircastle Ltd. / Aircastle Ireland DAC, 5.25%, 03/15/2030 <sup>(a)</sup> | 120000 | 122665 |
| Avolon Holdings Funding Ltd., 5.75%, 11/15/2029 <sup>(a)</sup> | 115000 | 119370 |
| GGAM Finance Ltd., 6.88%, 04/15/2029 <sup>(a)</sup> | 100000 | 103969 |
| Macquarie Airfinance Holdings Ltd., 6.50%, 03/26/2031 <sup>(a)</sup> | 115000 | 123230 |
|  |  | 589302 |
| **Transaction & Payment Processing Services - 0.2%** |  |  |
| Fiserv, Inc., 5.25%, 08/11/2035  | 90000 | 89832 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE TOTAL RETURN BOND ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| Global Payments, Inc., 5.40%, 08/15/2032  | $90000 | $91585 |
|  |  | 181417 |
| **Total Financials** |  | 4193699 |
| **<u>Health Care</u> - 0.8%** |  |  |
| **Biotechnology - 0.1%** |  |  |
| Amgen, Inc., 5.25%, 03/02/2033  | 115000 | 119078 |
| **Health Care Equipment - 0.3%** |  |  |
| Baxter International, Inc., 2.54%, 02/01/2032  | 140000 | 122032 |
| GE HealthCare Technologies, Inc., 5.50%, 06/15/2035  | 115000 | 119534 |
| Zimmer Biomet Holdings, Inc., 2.60%, 11/24/2031  | 135000 | 122109 |
|  |  | 363675 |
| **Health Care Facilities - 0.1%** |  |  |
| HCA, Inc., 5.45%, 09/15/2034  | 120000 | 123577 |
| **Life Sciences Tools & Services - 0.2%** |  |  |
| Agilent Technologies, Inc., 4.75%, 09/09/2034  | 120000 | 119837 |
| Bio-Rad Laboratories, Inc., 3.70%, 03/15/2032  | 130000 | 122781 |
|  |  | 242618 |
| **Pharmaceuticals - 0.1%** |  |  |
| Royalty Pharma PLC, 3.30%, 09/02/2040  | 155000 | 120061 |
| **Total Health Care** |  | 969009 |
| **<u>Industrials</u> - 0.7%** |  |  |
| **Aerospace & Defense - 0.1%** |  |  |
| Northrop Grumman Corp., 5.20%, 06/01/2054  | 95000 | 89009 |
| RTX Corp., 6.10%, 03/15/2034  | 85000 | 93042 |
|  |  | 182051 |
| **Air Freight & Logistics - 0.0%**<sup>(c)</sup> |  |  |
| United Parcel Service, Inc., 5.50%, 05/22/2054  | 60000 | 58380 |
| **Building Products - 0.0%**<sup>(c)</sup> |  |  |
| Carrier Global Corp., 3.38%, 04/05/2040  | 75000 | 60673 |
| **Commercial Services - 0.1%** |  |  |
| Ashtead Capital, Inc., 5.95%, 10/15/2033 <sup>(a)</sup> | 115000 | 121734 |
| **Environmental & Facilities Services - 0.1%** |  |  |
| Waste Management, Inc., 4.88%, 02/15/2034  | 90000 | 92364 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE TOTAL RETURN BOND ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| **Rail Transportation - 0.2%** | | |
| Burlington Northern Santa Fe LLC, 4.13%, 06/15/2047  | $110000 | $90611 |
| CSX Corp., 6.15%, 05/01/2037  | 85000 | 93434 |
|  |  | 184045 |
| **Trading Companies & Distributors - 0.2%** |  |  |
| GATX Corp., 5.50%, 06/15/2035  | 120000 | 123078 |
| United Rentals North America, Inc., 6.00%, 12/15/2029 <sup>(a)</sup> | 60000 | 61684 |
|  |  | 184762 |
| **Total Industrials** |  | 884009 |
| **<u>Information Technology</u> - 0.8%** |  |  |
| **Application Software - 0.1%** |  |  |
| Roper Technologies, Inc., 1.75%, 02/15/2031  | 140000 | 122875 |
| **Electronic Components - 0.1%** |  |  |
| Amphenol Corp., 5.25%, 04/05/2034  | 90000 | 93779 |
| **Systems Software - 0.2%** |  |  |
| Oracle Corp., 3.90%, 05/15/2035  | 140000 | 120738 |
| VMware LLC, 2.20%, 08/15/2031  | 135000 | 120013 |
|  |  | 240751 |
| **Technology - 0.1%** |  |  |
| IBM International Capital Pte Ltd., 4.90%, 02/05/2034  | 120000 | 121200 |
| **Technology Distributors - 0.2%** |  |  |
| Arrow Electronics, Inc., 5.88%, 04/10/2034  | 115000 | 120301 |
| CDW LLC / CDW Finance Corp., 5.55%, 08/22/2034  | 120000 | 122380 |
|  |  | 242681 |
| **Technology Hardware, Storage & Peripherals - 0.1%** |  |  |
| Dell International LLC / EMC Corp., 4.85%, 02/01/2035  | 125000 | 123392 |
| **Total Information Technology** |  | 944678 |
| **<u>Materials</u> - 0.5%** |  |  |
| **Construction Materials - 0.1%** |  |  |
| CRH America Finance, Inc., 5.40%, 05/21/2034  | 115000 | 119494 |
| **Copper - 0.1%** |  |  |
| Freeport-McMoRan, Inc., 5.40%, 11/14/2034  | 90000 | 92871 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE TOTAL RETURN BOND ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| **Fertilizers & Agricultural Chemicals - 0.2%** | | |
| Mosaic Co., 5.63%, 11/15/2043  | $95000 | $91802 |
| Nutrien Ltd., 2.95%, 05/13/2030  | 95000 | 89849 |
|  |  | 181651 |
| **Mining - 0.0%**<sup>(c)</sup> |  |  |
| Barrick International Barbados Corp., 6.35%, 10/15/2036 <sup>(a)</sup> | 55000 | 60142 |
| **Steel - 0.1%** |  |  |
| Nucor Corp., 5.10%, 06/01/2035  | 90000 | 92148 |
| **Total Materials** |  | 546306 |
| **<u>Real Estate</u> - 0.2%** |  |  |
| **Telecom Tower REITs - 0.2%** |  |  |
| American Tower Corp., 5.55%, 07/15/2033  | 115000 | 120487 |
| Crown Castle, Inc., 5.10%, 05/01/2033  | 120000 | 121059 |
| **Total Real Estate** |  | 241546 |
| **<u>Utilities</u> - 0.4%** |  |  |
| **Electric Utilities - 0.2%** |  |  |
| Duke Energy Florida LLC, 6.40%, 06/15/2038  | 110000 | 122831 |
| Virginia Electric and Power Co., 5.15%, 03/15/2035  | 120000 | 122297 |
|  |  | 245128 |
| **Independent Power Producers & Energy Traders - 0.1%** |  |  |
| Vistra Operations Co. LLC, 6.00%, 04/15/2034 <sup>(a)</sup> | 115000 | 121280 |
| **Multi-Utilities - 0.1%** |  |  |
| Berkshire Hathaway Energy Co., 6.13%, 04/01/2036  | 110000 | 119399 |
| **Total Utilities** |  | 485807 |
| **TOTAL CORPORATE BONDS** (Cost $11,936,418) |  | 12293578 |
| **COLLATERALIZED LOAN OBLIGATIONS - 5.8%**  |  |  |
| Ballyrock CLO Ltd., Series 2019-1A, Class A2R, 5.72% (3 mo. Term SOFR + 1.81%), 07/15/2032 <sup>(a)</sup> | 1200000 | 1201588 |
| BlueMountain CLO Ltd., Series 2020-29A, Class BR, 5.87% (3 mo. Term SOFR + 2.01%), 07/25/2034 <sup>(a)</sup> | 1710000 | 1711423 |
| Dryden Senior Loan Fund, Series 2018-64A, Class D, 6.80% (3 mo. Term SOFR + 2.91%), 04/18/2031 <sup>(a)</sup> | 500000 | 504153 |
| Jamestown CLO Ltd., Series 2018-11A, Class A2, 5.87% (3 mo. Term SOFR + 1.96%), 07/14/2031 <sup>(a)</sup> | 1030000 | 1031895 |
| Madison Park Funding Ltd., Series 2019-37A, Class BR2, 5.85% (3 mo. Term SOFR + 1.95%), 04/15/2037 <sup>(a)</sup> | 750000 | 750816 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE TOTAL RETURN BOND ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Par** | **Value**  |
| Ocean Trails CLO, Series 2023-14A, Class D1R, 6.98% (3 mo. Term SOFR + 3.10%), 01/20/2038 <sup>(a)</sup> | $580000 | $583357 |
| Octagon Investment Partners Ltd., Series 2018-1A, Class C, 5.87% (3 mo. Term SOFR + 1.96%), 04/15/2031 <sup>(a)</sup> | 500000 | 500717 |
| Voya CLO Ltd., Series 2016-1A, Class BR, 5.95% (3 mo. Term SOFR + 2.06%), 01/20/2031 <sup>(a)</sup> | 750000 | 751007 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $7,024,637) |  | 7034956 |
| **CONVERTIBLE BONDS - 2.8%**  |  |  |
| **<u>Information Technology</u> - 2.8%** |  |  |
| **Application Software - 2.8%** |  |  |
| Strategy, Inc. |  |  |
| 0.63%, 09/15/2028  | 525000 | 613725 |
| 0.00%, 12/01/2029 <sup>(d)</sup> | 1250000 | 1029500 |
| 0.00%, 03/01/2030 <sup>(a)(d)</sup> | 2000000 | 1730000 |
| **Total Information Technology** |  | 3373225 |
| **TOTAL CONVERTIBLE BONDS** (Cost $4,553,035) |  | 3373225 |
| **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 0.9%**  | **Shares** |  |
| First American Government Obligations Fund - Class X, 3.67% <sup>(e)</sup> | 1035066 | 1035066 |
| **TOTAL MONEY MARKET FUNDS** (Cost $1,035,066) |  | 1035066 |
| **U.S. TREASURY BILLS - 0.8%**  | **Par** |  |
| 3.77%, 03/10/2026 <sup>(f)</sup> | $1000000 | 993541 |
| **TOTAL U.S. TREASURY BILLS** (Cost $992,964) |  | 993541 |
| **TOTAL INVESTMENTS - 99.3% (**Cost $119,605,528**)** |  | $119994418 |
| Other Assets in Excess of Liabilities - 0.7% <sup>(g)</sup> |  | 871292 |
| **TOTAL NET ASSETS - 100.0%** |  | $120865710 |

---

Percentages are stated as a percent of net assets.

---

| |
|:---|
| CMT - Constant Maturity Treasury |
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| PLC - Public Limited Company |
| REIT - Real Estate Investment Trust |
| SOFR - Secured Overnight Financing Rate |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE TOTAL RETURN BOND ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of December 31, 2025, the value of these securities total $37,056,343 or 30.7% of the Fund's net assets.

(b) Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of December 31, 2025.

(c) Represents less than 0.05% of net assets.

(d) Zero coupon bonds make no periodic interest payments.

(e) The rate shown represents the 7-day annualized yield as of December 31, 2025.

(f) The rate shown is the annualized yield as of December 31, 2025.

(g) Includes cash of $651,544 that is pledged as collateral for derivatives.

The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.

---

| |
|:---|
| **STRIVE TOTAL RETURN BOND ETF** |
| **SCHEDULE OF FUTURES CONTRACTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Contracts Purchased** | **Expiration Date** | **Notional** | **Value / Unrealized Appreciation (Depreciation)** |
| U.S. Treasury 10 Year Notes | 152 | 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17090500 | $(39719) |
| U.S. Treasury 5 Year Note | 115 | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12570039 | (7590) |
| U.S. Treasury Long Bonds | 17 | 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1965094 | (9622) |
| **Net Unrealized Appreciation (Depreciation)** |  |  |  | $(56931) |

---

The Fund has recorded a liability of $(56,931) as of December 31, 2025 related to the current day's variation margin related to these contracts.

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE U.S. ENERGY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **COMMON STOCKS - 99.9%**  | | |
| **<u>Consumer Discretionary</u> - 0.8%**  | |  |
| **Automotive Retail - 0.8%** |  |  |
| Murphy USA, Inc.  | 4674 | $1886052 |
| **<u>Energy</u> - 99.0%** <sup>(a)</sup> |  |  |
| **Integrated Oil & Gas - 49.7%**<sup>(a)</sup> |  |  |
| Chevron Corp.  | 356921 | 54398330 |
| Exxon Mobil Corp.  | 464499 | 55897810 |
| Occidental Petroleum Corp.  | 190137 | 7818433 |
|  |  | 118114573 |
| **Oil & Gas Exploration & Production - 35.9%**<sup>(a)</sup> |  |  |
| Antero Resources Corp. <sup>(b)</sup> | 76627 | 2640566 |
| APA Corp.  | 94564 | 2313036 |
| California Resources Corp.  | 18068 | 807820 |
| Chord Energy Corp.  | 15057 | 1395784 |
| Civitas Resources, Inc.  | 23509 | 636859 |
| CNX Resources Corp. <sup>(b)</sup> | 34748 | 1277684 |
| Comstock Resources, Inc. <sup>(b)</sup> | 19798 | 458918 |
| ConocoPhillips  | 123094 | 11522829 |
| Coterra Energy, Inc.  | 197041 | 5186119 |
| Crescent Energy Co. - Class A  | 46043 | 386301 |
| Devon Energy Corp.  | 167280 | 6127466 |
| Diamondback Energy, Inc.  | 49297 | 7410818 |
| EOG Resources, Inc.  | 101124 | 10619031 |
| EQT Corp.  | 164541 | 8819398 |
| Expand Energy Corp.  | 61447 | 6781291 |
| Gulfport Energy Corp. <sup>(b)</sup> | 3511 | 730253 |
| Magnolia Oil & Gas Corp. - Class A  | 46803 | 1024518 |
| Matador Resources Co.  | 29867 | 1267556 |
| Murphy Oil Corp.  | 34872 | 1089750 |
| Northern Oil & Gas, Inc.  | 24158 | 518672 |
| Ovintiv, Inc.  | 67275 | 2636507 |
| Permian Resources Corp.  | 193376 | 2713065 |
| Range Resources Corp.  | 62076 | 2188800 |
| Sable Offshore Corp. <sup>(b)</sup> | 15517 | 139963 |
| SM Energy Co.  | 28685 | 536410 |
| Texas Pacific Land Corp.  | 15111 | 4340181 |
| Viper Energy, Inc. - Class A  | 44861 | 1732980 |
|  |  | 85302575 |
| **Oil & Gas Refining & Marketing - 13.4%** |  |  |
| CVR Energy, Inc. <sup>(b)</sup> | 7228 | 183881 |
| HF Sinclair Corp.  | 42337 | 1950889 |
| Marathon Petroleum Corp.  | 55392 | 9008401 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE U.S. ENERGY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| PBF Energy, Inc. - Class A  | 21050 | $570876 |
| Phillips 66  | 80528 | 10391333 |
| Valero Energy Corp.  | 60051 | 9775702 |
|  |  | 31881082 |
| **Total Energy** |  | 235298230 |
| **<u>Real Estate</u> - 0.1%**  |  |  |
| **Real Estate Operating Companies - 0.1%** |  |  |
| Landbridge Co. LLC - Class A  | 6143 | 300946 |
| **TOTAL COMMON STOCKS** (Cost $249,111,627) |  | 237485228 |
| **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 0.1%**  |  |  |
| First American Government Obligations Fund - Class X, 3.67% <sup>(c)</sup> | 330916 | 330916 |
| **TOTAL MONEY MARKET FUNDS** (Cost $330,916) |  | 330916 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $249,442,543**)** |  | $237816144 |
| Liabilities in Excess of Other Assets - (0.0)% <sup>(d)</sup> |  | (16526) |
| **TOTAL NET ASSETS - 100.0%** |  | $237799618 |

---

Percentages are stated as a percent of net assets.

LLC - Limited Liability Company

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

(b) Non-income producing security.

(c) The rate shown represents the 7-day annualized yield as of December 31, 2025.

(d) Represents less than (0.05)% of net assets.

The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE U.S. SEMICONDUCTOR ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **COMMON STOCKS - 99.6%**  | | |
| **<u>Information Technology</u> - 99.5%** <sup>(a)</sup> | | |
| **Application Software - 4.9%** |  |  |
| Cadence Design Systems, Inc. <sup>(b)</sup> | 10774 | $3367737 |
| Synopsys, Inc. <sup>(b)</sup> | 7340 | 3447745 |
|  |  | 6815482 |
| **Electronic Equipment & Instruments - 1.0%** |  |  |
| Keysight Technologies, Inc. <sup>(b)</sup> | 6773 | 1376206 |
| **Electronic Manufacturing Services - 1.9%** |  |  |
| TE Connectivity PLC  | 11666 | 2654132 |
| **Semiconductor Materials & Equipment - 20.0%** |  |  |
| Applied Materials, Inc.  | 25427 | 6534485 |
| ASML Holding NV  | 5752 | 6153835 |
| Entegris, Inc.  | 5984 | 504152 |
| KLA Corp.  | 5121 | 6222424 |
| Lam Research Corp.  | 40179 | 6877841 |
| MKS, Inc.  | 2649 | 423310 |
| Teradyne, Inc.  | 6200 | 1200072 |
|  |  | 27916119 |
| **Semiconductors - 71.7%**<sup>(a)</sup> |  |  |
| Advanced Micro Devices, Inc. <sup>(b)</sup> | 26744 | 5727495 |
| Analog Devices, Inc.  | 19477 | 5282162 |
| ARM Holdings PLC - ADR <sup>(b)</sup> | 5403 | 590602 |
| Astera Labs, Inc. <sup>(b)</sup> | 5397 | 897845 |
| Broadcom, Inc.  | 69638 | 24101712 |
| Intel Corp. <sup>(b)</sup> | 162543 | 5997837 |
| Lattice Semiconductor Corp. <sup>(b)</sup> | 5338 | 392770 |
| Marvell Technology, Inc.  | 34141 | 2901302 |
| Microchip Technology, Inc.  | 21004 | 1338375 |
| Micron Technology, Inc.  | 26463 | 7552805 |
| Monolithic Power Systems, Inc.  | 1825 | 1654107 |
| NVIDIA Corp.  | 160270 | 29890355 |
| NXP Semiconductors NV  | 9977 | 2165608 |
| ON Semiconductor Corp. <sup>(b)</sup> | 15892 | 860552 |
| QUALCOMM, Inc.  | 21240 | 3633102 |
| Rambus, Inc. <sup>(b)</sup> | 4243 | 389889 |
| STMicroelectronics NV  | 24763 | 642352 |
| Texas Instruments, Inc.  | 36019 | 6248936 |
|  |  | 100267806 |
| **Total Information Technology** |  | 139029745 |

---

The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **STRIVE U.S. SEMICONDUCTOR ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **<u>Materials</u> - 0.1%**  | |  |
| **Specialty Chemicals - 0.1%** |  |  |
| DuPont de Nemours, Inc.  | 5525 | $222105 |
| **TOTAL COMMON STOCKS** (Cost $101,985,405) |  | 139251850 |
| **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 0.4%**  |  |  |
| First American Government Obligations Fund - Class X, 3.67% <sup>(c)</sup> | 503077 | 503077 |
| **TOTAL MONEY MARKET FUNDS** (Cost $503,077) |  | 503077 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $102,488,482**)** |  | $139754927 |
| Liabilities in Excess of Other Assets - (0.0)% <sup>(d)</sup> |  | (20577) |
| **TOTAL NET ASSETS - 100.0%** |  | $139734350 |

---

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt <br> PLC - Public Limited Company

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

(b) Non-income producing security.

(c) The rate shown represents the 7-day annualized yield as of December 31, 2025.

(d) Represents less than (0.05)% of net assets.

The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.

(b) Not applicable

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**<u>Item 7. Financial Statements and Financial Highlights for Open-End Management Investment</u>**

**<u>Companies.</u>**

**STATEMENTS OF ASSETS AND LIABILITIES**

**December 31, 2025 (Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Strive 1000 Dividend Growth ETF** | **Strive 1000 Growth ETF** | **Strive 1000 Value ETF** | **Strive 500 ETF** | **Strive Emerging Markets Ex-China ETF** |
| **ASSETS:** | | | | | |
| &nbsp;&nbsp;&nbsp;Investments, at value (See Note 2) | $51451659 | $142858591 | $68806883 | $1016711759 | $109118065 |
| &nbsp;&nbsp;&nbsp;Dividends receivable | 30656 | 38578 | 87321 | 504524 | 217644 |
| &nbsp;&nbsp;&nbsp;Dividend tax reclaims receivable | 68 | 279 | 977 | 5528 | 7021 |
| &nbsp;&nbsp;&nbsp;Receivable for investments sold |  |  |  |  | 168 |
| &nbsp;&nbsp;&nbsp;Foreign currency, at value |  |  |  |  | 13150 |
| Total assets | 51482383 | 142897448 | 68895181 | 1017221811 | 109356048 |
| **LIABILITIES:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Payable to adviser (See Note 3) | 15356 | 21941 | 10662 | 47715 | 28589 |
| &nbsp;&nbsp;&nbsp;Deferred foreign capital gains tax |  |  |  |  | 807803 |
| Total liabilities | 15356 | 21941 | 10662 | 47715 | 836392 |
| **NET ASSETS** | $51467027 | $142875507 | $68884519 | $1017174096 | $108519656 |
| **NET ASSETS CONSISTS OF:** | **NET ASSETS CONSISTS OF:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Paid-in capital | $39910151 | $98357704 | $59925809 | $718702402 | $79312960 |
| &nbsp;&nbsp;&nbsp;Total distributable earnings | 11556876 | 44517803 | 8958710 | 298471694 | 29206696 |
| Total net assets | $51467027 | $142875507 | $68884519 | $1017174096 | $108519656 |
| Net assets | $51467027 | $142875507 | $68884519 | $1017174096 | $108519656 |
| Shares issued and outstanding<sup>(a)</sup> | 1390000 | 2810000 | 2060000 | 23080000 | 3000000 |
| Net asset value per share | $37.03 | $50.85 | $33.44 | $44.07 | $36.17 |
| **COST:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Investments, at cost | $41194435 | $98340389 | $60728630 | $741623052 | $72512210 |
| &nbsp;&nbsp;&nbsp;Foreign currency, at cost |  |  |  |  | 13102 |

---

(a) Unlimited shares authorized.

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**STATEMENTS OF ASSETS AND LIABILITIES (CONTINUED)**

**December 31, 2025 (Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Strive Enhanced Income Short Maturity ETF** | **Strive International Developed Markets ETF** | **Strive Mid Cap ETF** | **Strive Natural Resources and Security ETF** | **Strive Small-Cap ETF** |
| **ASSETS:** | | | | | |
| &nbsp;&nbsp;&nbsp;Investments, at value (See Note 2) | $325973134 | $21846639 | $21073063 | $55366803 | $65161383 |
| &nbsp;&nbsp;&nbsp;Interest receivable | 1922384 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposit at broker for other investments | 41325 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Dividends receivable | 39156 | 14826 | 21174 | 37171 | 67805 |
| &nbsp;&nbsp;&nbsp;Dividend tax reclaims receivable |  | 20277 |  | 1846 |  |
| Total assets | 327975999 | 21881742 | 21094237 | 55405820 | 65229188 |
| **LIABILITIES:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Payable for investments purchased | 6352801 | 2975 |  |  |  |
| &nbsp;&nbsp;&nbsp;Payable to adviser (See Note 3) | 70111 | 5335 | 3263 | 22972 | 10145 |
| Total liabilities | 6422912 | 8310 | 3263 | 22972 | 10145 |
| **NET ASSETS** | $321553087 | $21873432 | $21090974 | $55382848 | $65219043 |
| **NET ASSETS CONSISTS OF:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Paid-in capital | $321795710 | $18015989 | $18620527 | $45331900 | $60496388 |
| &nbsp;&nbsp;&nbsp;Total distributable earnings (accumulated losses) | (242623) | 3857443 | 2470447 | 10050948 | 4722655 |
| Total net assets | $321553087 | $21873432 | $21090974 | $55382848 | $65219043 |
| Net assets | $321553087 | $21873432 | $21090974 | $55382848 | $65219043 |
| Shares issued and outstanding<sup>(a)</sup> | 15890000 | 700000 | 740000 | 1370000 | 1960000 |
| Net asset value per share | $20.24 | $31.25 | $28.50 | $40.43 | $33.28 |
| **COST:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Investments, at cost | $326136469 | $17490589 | $18771037 | $44781852 | $58909048 |

---

(a) Unlimited shares authorized.

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**STATEMENTS OF ASSETS AND LIABILITIES (CONTINUED)**

**December 31, 2025 (Unaudited)**

---

| | | | |
|:---|:---|:---|:---|
| | **Strive Total Return Bond ETF** | **Strive U.S. Energy ETF** | **Strive U.S. Semiconductor ETF** |
| **ASSETS:** | | | |
| &nbsp;&nbsp;&nbsp;Investments, at value (See Note 2) | $119994418 | $237816144 | $139754927 |
| &nbsp;&nbsp;&nbsp;Interest receivable | 696383 |  |  |
| &nbsp;&nbsp;&nbsp;Deposit at broker for future contracts (See Note 2) | 651544 |  |  |
| &nbsp;&nbsp;&nbsp;Dividends receivable | 9199 | 64606 | 27121 |
| &nbsp;&nbsp;&nbsp;Dividend tax reclaims receivable |  | 3369 |  |
| Total assets | 121351544 | 237884119 | 139782048 |
| **LIABILITIES:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Payable for investments purchased | 377741 |  |  |
| &nbsp;&nbsp;&nbsp;Variation margin on futures contracts | 56931 |  |  |
| &nbsp;&nbsp;&nbsp;Payable to adviser (See Note 3) | 51162 | 84501 | 47698 |
| Total liabilities | 485834 | 84501 | 47698 |
| **NET ASSETS** | $120865710 | $237799618 | $139734350 |
| **NET ASSETS CONSISTS OF:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Paid-in capital | $120664183 | $260654853 | $95432312 |
| &nbsp;&nbsp;&nbsp;Total distributable earnings (accumulated losses) | 201527 | (22855235) | 44302038 |
| Total net assets | $120865710 | $237799618 | $139734350 |
| Net assets | $120865710 | $237799618 | $139734350 |
| Shares issued and outstanding<sup>(a)</sup> | 6020000 | 8330000 | 2040000 |
| Net asset value per share | $20.08 | $28.55 | $68.50 |
| **COST:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Investments, at cost | $119605528 | $249442543 | $102488482 |

---

(a) Unlimited shares authorized.

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**STATEMENTS OF OPERATIONS**

**For the Period Ended December 31, 2025 (Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Strive 1000 Dividend Growth ETF** | **Strive 1000 Growth ETF** | **Strive 1000 Value ETF** | **Strive 500 ETF** | **Strive Emerging Markets Ex-China ETF** |
| **INVESTMENT INCOME:** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $413018 | $480473 | $886818 | $5827867 | $1370313 |
| &nbsp;&nbsp;&nbsp;Less: Issuance fees | (6) | (12) | (20) | (120) |  |
| &nbsp;&nbsp;&nbsp;Less: Dividend withholding taxes | (185) | (343) | (361) | (1450) | (190254) |
| Total investment income | 412827 | 480118 | 886437 | 5826297 | 1180059 |
| **EXPENSES:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Investment advisory fee (See Note 3) | 92916 | 127386 | 60779 | 273858 | 162989 |
| Total expenses | 92916 | 127386 | 60779 | 273858 | 162989 |
| **NET INVESTMENT INCOME (LOSS)** | 319911 | 352732 | 825658 | 5552439 | 1017070 |
| **REALIZED AND UNREALIZED GAIN (LOSS)** | **REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |
| Net realized gain (loss) from: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Investments | (86733) | (791135) | (788533) | (690016) | (269919) |
| &nbsp;&nbsp;&nbsp;Foreign capital gains tax |  |  |  |  | (35772) |
| &nbsp;&nbsp;&nbsp;In-kind redemptions | 2544693 | 1470367 | 2393211 | 27503319 | 225109 |
| &nbsp;&nbsp;&nbsp;Distributions received from other investment companies |  | 1841 |  |  |  |
| &nbsp;&nbsp;&nbsp;Foreign currency translation |  |  |  |  | (67757) |
| Net realized gain (loss) | 2457960 | 681073 | 1604678 | 26813303 | (148339) |
| Net change in unrealized appreciation (depreciation) on: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Investments | 940651 | 13141029 | 3888358 | 68820854 | 16052121 |
| &nbsp;&nbsp;&nbsp;Deferred foreign capital gains tax |  |  |  |  | 231860 |
| &nbsp;&nbsp;&nbsp;Foreign currency translation |  |  |  |  | (4335) |
| Net change in unrealized appreciation (depreciation) | 940651 | 13141029 | 3888358 | 68820854 | 16279646 |
| Net realized and unrealized gain (loss) | 3398611 | 13822102 | 5493036 | 95634157 | 16131307 |
| **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $3718522 | $14174834 | $6318694 | $101186596 | $17148377 |

---

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**STATEMENTS OF OPERATIONS (CONTINUED)**

**For the Period Ended December 31, 2025 (Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Strive Enhanced Income Short Maturity ETF** | **Strive International Developed Markets ETF** | **Strive Mid Cap ETF** | **Strive Natural Resources and Security ETF** | **Strive Small-Cap ETF** |
| **INVESTMENT INCOME:** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $336198 | $198611 | $151724 | $395439 | $518773 |
| &nbsp;&nbsp;&nbsp;Less: Dividend withholding taxes |  | (25795) | (440) | (14073) | (523) |
| &nbsp;&nbsp;&nbsp;Less: Issuance fees |  | (6) | (4) |  | (10) |
| &nbsp;&nbsp;&nbsp;Interest income | 7590149 |  |  |  |  |
| Total investment income | 7926347 | 172810 | 151280 | 381366 | 518240 |
| **EXPENSES:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Investment advisory fee (See Note 3) | 392923 | 29198 | 17983 | 117963 | 58038 |
| Total expenses | 392923 | 29198 | 17983 | 117963 | 58038 |
| **NET INVESTMENT INCOME (LOSS)** | 7533424 | 143612 | 133297 | 263403 | 460202 |
| **REALIZED AND UNREALIZED GAIN (LOSS)** | **REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |
| Net realized gain (loss) from: | 108670 | (63135 | 376068 | 123768 | 3699811 |
| &nbsp;&nbsp;&nbsp;Investments | 108964 | (61125) | (485341) | 289 | (1685008) |
| &nbsp;&nbsp;&nbsp;In-kind redemptions |  |  | 861410 | 122337 | 5384819 |
| &nbsp;&nbsp;&nbsp;Futures contracts | (294) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Foreign currency translation |  | (2010) |  | 1142 |  |
| Net realized gain (loss) | 108670 | (63135) | 376069 | 123768 | 3699811 |
| Net change in unrealized appreciation (depreciation) on: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Investments | (825121) | 2039335 | 1060813 | 5604150 | 1965662 |
| &nbsp;&nbsp;&nbsp;Future contracts | (11330) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Foreign currency translation |  | (726) |  | 10 |  |
| Net change in unrealized appreciation (depreciation) | (836451) | 2038609 | 1060813 | 5604160 | 1965662 |
| Net realized and unrealized gain (loss) | (727781) | 1975474 | 1436882 | 5727928 | 5665473 |
| **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $6805643 | $2119086 | $1570179 | $5991331 | $6125675 |

---

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**STATEMENTS OF OPERATIONS (CONTINUED)**

**For the Period Ended December 31, 2025 (Unaudited)**

---

| | | | |
|:---|:---|:---|:---|
| | **Strive Total Return Bond ETF** | **Strive U.S. Energy ETF** | **Strive U.S. Semiconductor ETF** |
| **INVESTMENT INCOME:** | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $82665 | $4298246 | $393678 |
| &nbsp;&nbsp;&nbsp;Less: Dividend withholding taxes |  | (185) | (7115) |
| &nbsp;&nbsp;&nbsp;Less: Issuance fees |  |  | (153) |
| &nbsp;&nbsp;&nbsp;Interest income | 3138437 |  |  |
| Total investment income | 3221102 | 4298061 | 386410 |
| **EXPENSES:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Investment advisory fee (See Note 3) | 306367 | 525452 | 244231 |
| Total expenses | 306367 | 525452 | 244231 |
| **NET INVESTMENT INCOME (LOSS)** | 2914735 | 3772609 | 142179 |
| **REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |
| Net realized gain (loss) from: | 1138460 | 1827392 | 11418670 |
| &nbsp;&nbsp;&nbsp;Investments | 427175 | (2556685) | (61388) |
| &nbsp;&nbsp;&nbsp;In-kind redemptions |  | 4384077 | 11480058 |
| &nbsp;&nbsp;&nbsp;Futures contracts | 711285 |  |  |
| Net realized gain (loss) | 1138460 | 1827392 | 11418670 |
| Net change in unrealized appreciation (depreciation) on: |  |  |  |
| &nbsp;&nbsp;&nbsp;Investments | (885528) | 11582674 | 18763447 |
| &nbsp;&nbsp;&nbsp;Future contracts | (614556) |  |  |
| Net change in unrealized appreciation (depreciation) | (1500084) | 11582674 | 18763447 |
| Net realized and unrealized gain (loss) | (361624) | 13410066 | 30182117 |
| **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $2553111 | $17182675 | $30324296 |

---

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**STATEMENTS OF CHANGES IN NET ASSETS** 

---

| | | | |
|:---|:---|:---|:---|
| | **Strive 1000 Dividend Growth ETF** | **Strive 1000 Dividend Growth ETF** | **Strive 1000 Dividend Growth ETF** |
| | **Period ended December 31, 2025 (Unaudited)** | **Period ended** <br>**June 30, 2025**<sup>(a)</sup> | **Year ended <br>July 31, 2024** |
| **OPERATIONS:** | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $319911 | $565697 | $499800 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) | 2457960 | 897955 | 134921 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) | 940651 | 2676363 | 5164282 |
| Net increase (decrease) in net assets from operations | 3718522 | 4140015 | 5799003 |
| **DISTRIBUTIONS TO SHAREHOLDERS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;From earnings | (318778) | (602333) | (485575) |
| Total distributions to shareholders | (318778) | (602333) | (485575) |
| **CAPITAL TRANSACTIONS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 2134156 | 9911624 | 17841150 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (6148782) | (4567154) | (2370182) |
| Net increase (decrease) in net assets from capital transactions | (4014626) | 5344470 | 15470968 |
| **NET INCREASE (DECREASE) IN NET ASSETS** | (614882) | 8882152 | 20784396 |
| **NET ASSETS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of the period | 52081909 | 43199757 | 22415361 |
| &nbsp;&nbsp;&nbsp;End of the period | $51467027 | $52081909 | $43199757 |
| **SHARES TRANSACTIONS** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 60000 | 300000 | 620000 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (170000) | (140000) | (80000) |
| Total increase (decrease) in shares outstanding | (110000) | 160000 | 540000 |

---

(a) For the period August 1, 2024 to June 30, 2025. See Note 1.

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)**

---

| | | | |
|:---|:---|:---|:---|
| | **Strive 1000 Growth ETF** | **Strive 1000 Growth ETF** | **Strive 1000 Growth ETF** |
| | **Period ended December 31, 2025 (Unaudited)** | **Period ended** <br>**June 30, 2025**<sup>(a)</sup> | **Year ended <br>July 31, 2024** |
| **OPERATIONS:** | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $352732 | $586023 | $342956 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) | 681073 | (311002) | 102826 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) | 13141029 | 16049450 | 12170244 |
| Net increase (decrease) in net assets from operations | 14174834 | 16324471 | 12616026 |
| **DISTRIBUTIONS TO SHAREHOLDERS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;From earnings | (326424) | (621083) | (350997) |
| Total distributions to shareholders | (326424) | (621083) | (350997) |
| **CAPITAL TRANSACTIONS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 2340366 | 27794907 | 46415893 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (2942622) | (821471) | (706110) |
| &nbsp;&nbsp;&nbsp;ETF transaction fees (See Note 1) |  |  | 1 |
| Net increase (decrease) in net assets from capital transactions | (602256) | 26973436 | 45709784 |
| **NET INCREASE (DECREASE) IN NET ASSETS** | 13246154 | 42676824 | 57974813 |
| **NET ASSETS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of the period | 129629353 | 86952529 | 28977716 |
| &nbsp;&nbsp;&nbsp;End of the period | $142875507 | $129629353 | $86952529 |
| **SHARES TRANSACTIONS** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 50000 | 650000 | 1310000 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (60000) | (20000) | (20000) |
| Total increase (decrease) in shares outstanding | (10000) | 630000 | 1290000 |

---

(a) For the period August 1, 2024 to June 30, 2025. See Note 1.

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)**

---

| | | | |
|:---|:---|:---|:---|
| | **Strive 1000 Value ETF** | **Strive 1000 Value ETF** | **Strive 1000 Value ETF** |
| | **Period ended December 31, 2025 (Unaudited)** | **Period ended** <br>**June 30, 2025**<sup>(a)</sup> | **Year ended <br>July 31, 2024** |
| **OPERATIONS:** | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $825658 | $1474613 | $815676 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) | 1604678 | 3137970 | 569429 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) | 3888358 | (927463) | 4181033 |
| Net increase (decrease) in net assets from operations | 6318694 | 3685120 | 5566138 |
| **DISTRIBUTIONS TO SHAREHOLDERS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;From earnings | (846703) | (1560714) | (750769) |
| Total distributions to shareholders | (846703) | (1560714) | (750769) |
| **CAPITAL TRANSACTIONS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 8913880 | 21070148 | 36289885 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (7752086) | (15622754) | (3526850) |
| Net increase (decrease) in net assets from capital transactions | 1161794 | 5447394 | 32763035 |
| **NET INCREASE (DECREASE) IN NET ASSETS** | 6633785 | 7571800 | 37578404 |
| **NET ASSETS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of the period | 62250734 | 54678934 | 17100530 |
| &nbsp;&nbsp;&nbsp;End of the period | $68884519 | $62250734 | $54678934 |
| **SHARES TRANSACTIONS** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 280000 | 690000 | 1330000 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (240000) | (520000) | (130000) |
| Total increase (decrease) in shares outstanding | 40000 | 170000 | 1200000 |

---

(a) For the period August 1, 2024 to June 30, 2025. See Note 1.

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)**

---

| | | | |
|:---|:---|:---|:---|
| | **Strive 500 ETF** | **Strive 500 ETF** | **Strive 500 ETF** |
| | **Period ended December 31, 2025 (Unaudited)** | **Period ended** <br>**June 30, 2025**<sup>(a)</sup> | **Year ended <br>July 31, 2024** |
| **OPERATIONS:** | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $5552439 | $8823875 | $5657210 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) | 26813303 | 1645366 | 4645378 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) | 68820854 | 93471415 | 82705354 |
| Net increase (decrease) in net assets from operations | 101186596 | 103940656 | 93007942 |
| **DISTRIBUTIONS TO SHAREHOLDERS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;From earnings | (5687613) | (9265451) | (5358321) |
| Total distributions to shareholders | (5687613) | (9265451) | (5358321) |
| **CAPITAL TRANSACTIONS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 57456350 | 238341972 | 281414552 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (59286465) | (10719940) | (19724717) |
| &nbsp;&nbsp;&nbsp;ETF transaction fees (See Note 1) |  | 13 | 9 |
| Net increase (decrease) in net assets from capital transactions | (1830115) | 227622045 | 261689844 |
| **NET INCREASE (DECREASE) IN NET ASSETS** | 93668868 | 322297250 | 349339465 |
| **NET ASSETS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of the period | 923505228 | 601207978 | 251868513 |
| &nbsp;&nbsp;&nbsp;End of the period | $1017174096 | $923505228 | $601207978 |
| **SHARES TRANSACTIONS** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 1350000 | 6370000 | 9060000 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (1360000) | (290000) | (650000) |
| Total increase (decrease) in shares outstanding | (10000) | 6080000 | 8410000 |

---

(a) For the period August 1, 2024 to June 30, 2025. See Note 1.

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)**

---

| | | | |
|:---|:---|:---|:---|
| | **Strive Emerging Markets Ex-China ETF** | **Strive Emerging Markets Ex-China ETF** | **Strive Emerging Markets Ex-China ETF** |
| | **Period ended December 31, 2025 (Unaudited)** | **Period ended** <br>**June 30, 2025**<sup>(a)</sup> | **Year ended <br>July 31, 2024** |
| **OPERATIONS:** | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $1017070 | $1989454 | $2883534 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) | (148339) | (1495710) | (3135048) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) | 16279646 | 6143651 | 3542221 |
| Net increase (decrease) in net assets from operations | 17148377 | 6637395 | 3290707 |
| **DISTRIBUTIONS TO SHAREHOLDERS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;From earnings | (1772689) | (3932685) | (1599535) |
| Total distributions to shareholders | (1772689) | (3932685) | (1599535) |
| **CAPITAL TRANSACTIONS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold |  | 4469560 | 31796470 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (6173820) | (8277105) | (87293030) |
| &nbsp;&nbsp;&nbsp;ETF transaction fees (See Note 1) | 16960 | 57996 | 424052 |
| Net increase (decrease) in net assets from capital transactions | (6156860) | (3749549) | (55072508) |
| **NET INCREASE (DECREASE) IN NET ASSETS** | 9218828 | (1044839) | (53381336) |
| **NET ASSETS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of the period | 99300828 | 100345667 | 153727003 |
| &nbsp;&nbsp;&nbsp;End of the period | $108519656 | $99300828 | $100345667 |
| **SHARES TRANSACTIONS** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold |  | 150000 | 1150000 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (200000) | (300000) | (3500000) |
| Total increase (decrease) in shares outstanding | (200000) | (150000) | (2350000) |

---

(a) For the period August 1, 2024 to June 30, 2025. See Note 1.

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)**

---

| | | | |
|:---|:---|:---|:---|
| | **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** |
| | **Period ended December 31, 2025 (Unaudited)** | **Period ended** <br>**June 30, 2025**<sup>(a)</sup> | **Period ended** <br>**July 31, 2024**<sup>(b)</sup> |
| **OPERATIONS:** | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $7533424 | $9608702 | $4183104 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) | 108670 | 150916 | 51287 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) | (836451) | 241430 | 431686 |
| Net increase (decrease) in net assets from operations | 6805643 | 10001048 | 4666077 |
| **DISTRIBUTIONS TO SHAREHOLDERS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;From earnings | (8107581) | (9514662) | (4093148) |
| Total distributions to shareholders | (8107581) | (9514662) | (4093148) |
| **CAPITAL TRANSACTIONS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 109565493 | 225092385 | 119308162 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (101895835) | (26021470) | (4253025) |
| Net increase (decrease) in net assets from capital transactions | 7669658 | 199070915 | 115055137 |
| **NET INCREASE (DECREASE) IN NET ASSETS** | 6367720 | 199557301 | 115628066 |
| **NET ASSETS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of the period | 315185367 | 115628066 |  |
| &nbsp;&nbsp;&nbsp;End of the period | $321553087 | $315185367 | $115628066 |
| **SHARES TRANSACTIONS** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 5390000 | 11080000 | 5920000 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (5010000) | (1280000) | (210000) |
| Total increase (decrease) in shares outstanding | 380000 | 9800000 | 5710000 |

---

(a) For the period August 1, 2024 to June 30, 2025. See Note 1.

(b) The Fund commenced operations on August 9, 2023.

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)**

---

| | | | |
|:---|:---|:---|:---|
| | **Strive International Developed Markets ETF** | **Strive International Developed Markets ETF** | **Strive International Developed Markets ETF** |
| | **Period ended December 31, 2025 (Unaudited)** | **Period ended June 30, 2025**<sup>(a)</sup> | **Period ended July 31, 2024**<sup>(b)</sup> |
| **OPERATIONS:** | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $143612 | $390599 | $4944 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) | (63135) | (223196) | (56) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) | 2038609 | 2198236 | 120273 |
| Net increase (decrease) in net assets from operations | 2119086 | 2365639 | 125161 |
| **DISTRIBUTIONS TO SHAREHOLDERS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;From earnings | (359503) | (392940) |  |
| Total distributions to shareholders | (359503) | (392940) |  |
| **CAPITAL TRANSACTIONS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 1506935 | 6364635 | 10144250 |
| &nbsp;&nbsp;&nbsp;ETF transaction fees (See Note 1) | 40 | 59 | 70 |
| Net increase (decrease) in net assets from capital transactions | 1506975 | 6364694 | 10144320 |
| **NET INCREASE (DECREASE) IN NET ASSETS** | 3266558 | 8337393 | 10269481 |
| **NET ASSETS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of the period | 18606874 | 10269481 |  |
| &nbsp;&nbsp;&nbsp;End of the period | $21873432 | $18606874 | $10269481 |
| **SHARES TRANSACTIONS** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 50000 | 250000 | 400000 |
| &nbsp;&nbsp;&nbsp;Shares redeemed |  |  |  |
| Total increase (decrease) in shares outstanding | 50000 | 250000 | 400000 |

---

(a) For the period August 1, 2024 to June 30, 2025. See Note 1.

(b) The Fund commenced operations on June 25, 2024.

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)**

---

| | | | |
|:---|:---|:---|:---|
| | **Strive Mid Cap ETF** | **Strive Mid Cap ETF** | **Strive Mid Cap ETF** |
| | **Period ended December 31, 2025 (Unaudited)** | **Period ended June 30, 2025**<sup>(a)</sup> | **Period ended July 31, 2024**<sup>(b)</sup> |
| **OPERATIONS:** | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $133297 | $175047 | $30394 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) | 376069 | (57733) | (11259) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) | 1060813 | 718696 | 522518 |
| Net increase (decrease) in net assets from operations | 1570179 | 836010 | 541653 |
| **DISTRIBUTIONS TO SHAREHOLDERS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;From earnings | (127321) | (187000) | (21665) |
| Total distributions to shareholders | (127321) | (187000) | (21665) |
| **CAPITAL TRANSACTIONS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 4736647 | 5548112 | 11867833 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (2242648) | (1430826) |  |
| Net increase (decrease) in net assets from capital transactions | 2493999 | 4117286 | 11867833 |
| **NET INCREASE (DECREASE) IN NET ASSETS** | 3936857 | 4766296 | 12387821 |
| **NET ASSETS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of the period | 17154117 | 12387821 |  |
| &nbsp;&nbsp;&nbsp;End of the period | $21090974 | $17154117 | $12387821 |
| **SHARES TRANSACTIONS** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 170000 | 220000 | 490000 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (80000) | (60000) |  |
| Total increase (decrease) in shares outstanding | 90000 | 160000 | 490000 |

---

(a) For the period August 1, 2024 to June 30, 2025. See Note 1.

(b) The Fund commenced operations on April 10, 2024.

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)**

---

| | | | |
|:---|:---|:---|:---|
| | **Strive Natural Resources and Security ETF** | **Strive Natural Resources and Security ETF** | **Strive Natural Resources and Security ETF** |
| | **Period ended December 31, 2025 (Unaudited)** | **Period ended** <br>**June 30, 2025**<sup>(a)</sup> | **Period ended** <br>**July 31, 2024**<sup>(b)</sup> |
| **OPERATIONS:** | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $263403 | $335921 | $87473 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) | 123768 | 747809 | 348917 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) | 5604160 | 4145236 | 835574 |
| Net increase (decrease) in net assets from operations | 5991331 | 5228966 | 1271964 |
| **DISTRIBUTIONS TO SHAREHOLDERS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;From earnings | (354676) | (332147) | (76248) |
| Total distributions to shareholders | (354676) | (332147) | (76248) |
| **CAPITAL TRANSACTIONS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 14474900 | 19197201 | 25055282 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (380961) | (11649535) | (3043232) |
| &nbsp;&nbsp;&nbsp;ETF transaction fees (See Note 1) | 3 |  |  |
| Net increase (decrease) in net assets from capital transactions | 14093942 | 7547666 | 22012050 |
| **NET INCREASE (DECREASE) IN NET ASSETS** | 19730597 | 12444485 | 23207766 |
| **NET ASSETS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of the period | 35652251 | 23207766 |  |
| &nbsp;&nbsp;&nbsp;End of the period | $55382848 | $35652251 | $23207766 |
| **SHARES TRANSACTIONS** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 380000 | 600000 | 910000 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (10000) | (400000) | (110000) |
| Total increase (decrease) in shares outstanding | 370000 | 200000 | 800000 |

---

(a) For the period August 1, 2024 to June 30, 2025. See Note 1.

(b) The Fund commenced operations on August 30, 2023.

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)**

---

| | | | |
|:---|:---|:---|:---|
| | **Strive Small-Cap ETF** | **Strive Small-Cap ETF** | **Strive Small-Cap ETF** |
| | **Period ended December 31, 2025 (Unaudited)** | **Period ended** <br>**June 30, 2025**<sup>(a)</sup> | **Year ended <br>July 31, 2024** |
| **OPERATIONS:** | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $460202 | $733225 | $507005 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) | 3699811 | 128559 | 1497696 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) | 1965662 | (2322836) | 4721382 |
| Net increase (decrease) in net assets from operations | 6125675 | (1461052) | 6726083 |
| **DISTRIBUTIONS TO SHAREHOLDERS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;From earnings | (469195) | (895104) | (530975) |
| &nbsp;&nbsp;&nbsp;Return of capital |  | (85083) |  |
| Total distributions to shareholders | (469195) | (980187) | (530975) |
| **CAPITAL TRANSACTIONS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 12872067 | 20760909 | 35108214 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (14010742) | (12464167) | (10297175) |
| &nbsp;&nbsp;&nbsp;ETF transaction fees (See Note 1) |  | 2 | 4 |
| Net increase (decrease) in net assets from capital transactions | (1138675) | 8296744 | 24811043 |
| **NET INCREASE (DECREASE) IN NET ASSETS** | 4517805 | 5855505 | 31006151 |
| **NET ASSETS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of the period | 60701238 | 54845733 | 23839582 |
| &nbsp;&nbsp;&nbsp;End of the period | $65219043 | $60701238 | $54845733 |
| **SHARES TRANSACTIONS** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 390000 | 690000 | 1260000 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (430000) | (430000) | (370000) |
| Total increase (decrease) in shares outstanding | (40000) | 260000 | 890000 |

---

(a) For the period August 1, 2024 to June 30, 2025. See Note 1.

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)**

---

| | | | |
|:---|:---|:---|:---|
| | **Strive Total Return Bond ETF** | **Strive Total Return Bond ETF** | **Strive Total Return Bond ETF** |
| | **Period ended December 31, 2025 (Unaudited)** | **Period ended** <br>**June 30, 2025**<sup>(a)</sup> | **Period ended** <br>**July 31, 2024**<sup>(b)</sup> |
| **OPERATIONS:** | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $2914735 | $5686349 | $3701274 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) | 1138460 | (230400) | (894469) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) | (1500084) | (509162) | 2341205 |
| Net increase (decrease) in net assets from operations | 2553111 | 4946787 | 5148010 |
| **DISTRIBUTIONS TO SHAREHOLDERS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;From earnings | (3133164) | (5676002) | (3637215) |
| Total distributions to shareholders | (3133164) | (5676002) | (3637215) |
| **CAPITAL TRANSACTIONS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 12276586 | 37233228 | 100345459 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (20229790) | (8961300) |  |
| Net increase (decrease) in net assets from capital transactions | (7953204) | 28271928 | 100345459 |
| **NET INCREASE (DECREASE) IN NET ASSETS** | (8533257) | 27542713 | 101856254 |
| **NET ASSETS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of the period | 129398967 | 101856254 |  |
| &nbsp;&nbsp;&nbsp;End of the period | $120865710 | $129398967 | $101856254 |
| **SHARES TRANSACTIONS** |  |  |  |
| &nbsp;&nbsp;&nbsp;Shares sold | 610000 | 1840000 | 5020000 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (1000000) | (450000) |  |
| Total increase (decrease) in shares outstanding | (390000) | 1390000 | 5020000 |

---

(a) For the period August 1, 2024 to June 30, 2025. See Note 1.

(b) The Fund commenced operations on August 9, 2023.

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)**

---

| | | | |
|:---|:---|:---|:---|
| | **Strive U.S. Energy ETF** | **Strive U.S. Energy ETF** | **Strive U.S. Energy ETF** |
| | **Period ended December 31, 2025 (Unaudited)** | **Period ended** <br>**June 30, 2025**<sup>(a)</sup> | **Year ended** <br>**July 31, 2024** |
| **OPERATIONS:** | | | |
| &nbsp;&nbsp;Net investment income (loss) | $3772609 | $8499847 | $9493069 |
| &nbsp;&nbsp;Net realized gain (loss) | 1827392 | 2903104 | 15050085 |
| &nbsp;&nbsp;Net change in unrealized appreciation (depreciation) | 11582674 | (39729553) | (4310160) |
| Net increase (decrease) in net assets from operations | 17182675 | (28326602) | 20232994 |
| **DISTRIBUTIONS TO SHAREHOLDERS:** |  |  |  |
| &nbsp;&nbsp;From earnings | (3752372) | (8592613) | (9743291) |
| Total distributions to shareholders | (3752372) | (8592613) | (9743291) |
| **CAPITAL TRANSACTIONS:** |  |  |  |
| &nbsp;&nbsp;Shares sold | 2636928 | 42813334 | 98672695 |
| &nbsp;&nbsp;Shares redeemed | (40184369) | (88188217) | (125154920) |
| Net increase (decrease) in net assets from capital transactions | (37547441) | (45374883) | (26482225) |
| **NET INCREASE (DECREASE) IN NET ASSETS** | (24117138) | (82294098) | (15992522) |
| **NET ASSETS:** |  |  |  |
| &nbsp;&nbsp;Beginning of the period | 261916756 | 344210854 | 360203376 |
| &nbsp;&nbsp;End of the period | $237799618 | $261916756 | $344210854 |
| **SHARES TRANSACTIONS** |  |  |  |
| &nbsp;&nbsp;Shares sold | 90000 | 1460000 | 3120000 |
| &nbsp;&nbsp;Shares redeemed | (1410000) | (3130000) | (4060000) |
| Total increase (decrease) in shares outstanding | (1320000) | (1670000) | (940000) |

---

(a) For the period August 1, 2024 to June 30, 2025. See Note 1.

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)**

---

| | | | |
|:---|:---|:---|:---|
| | **Strive U.S. Semiconductor ETF** | **Strive U.S. Semiconductor ETF** | **Strive U.S. Semiconductor ETF** |
| | **Period ended December 31, 2025 (Unaudited)** | **Period ended** <br>**June 30, 2025**<sup>(a)</sup> | **Year ended** <br>**July 31, 2024** |
| **OPERATIONS:** | | | |
| &nbsp;&nbsp;Net investment income (loss) | $142179 | $273026 | $269073 |
| &nbsp;&nbsp;Net realized gain (loss) | 11418670 | (1251158) | 13999964 |
| &nbsp;&nbsp;Net change in unrealized appreciation (depreciation) | 18763447 | 11085082 | (1271109) |
| Net increase (decrease) in net assets from operations | 30324296 | 10106950 | 12997928 |
| **DISTRIBUTIONS TO SHAREHOLDERS:** |  |  |  |
| &nbsp;&nbsp;From earnings | (131833) | (299204) | (254625) |
| Total distributions to shareholders | (131833) | (299204) | (254625) |
| **CAPITAL TRANSACTIONS:** |  |  |  |
| &nbsp;&nbsp;Shares sold | 28354841 | 16385664 | 67659754 |
| &nbsp;&nbsp;Shares redeemed | (21767412) | (6408243) | (33860172) |
| Net increase (decrease) in net assets from capital transactions | 6587429 | 9977421 | 33799582 |
| **NET INCREASE (DECREASE) IN NET ASSETS** | 36779892 | 19785167 | 46542885 |
| **NET ASSETS:** |  |  |  |
| &nbsp;&nbsp;Beginning of the period | 102954458 | 83169291 | 36626406 |
| &nbsp;&nbsp;End of the period | $139734350 | $102954458 | $83169291 |
| **SHARES TRANSACTIONS** |  |  |  |
| &nbsp;&nbsp;Shares sold | 440000 | 330000 | 1530000 |
| &nbsp;&nbsp;Shares redeemed | (340000) | (140000) | (780000) |
| Total increase (decrease) in shares outstanding | 100000 | 190000 | 750000 |

---

(a) For the period August 1, 2024 to June 30, 2025. See Note 1.

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **INVESTMENT OPERATIONS:** | **INVESTMENT OPERATIONS:** | **INVESTMENT OPERATIONS:** | **LESS DISTRIBUTIONS FROM:** | **LESS DISTRIBUTIONS FROM:** | **LESS DISTRIBUTIONS FROM:** | **LESS DISTRIBUTIONS FROM:** | | | | **SUPPLEMENTAL DATA AND RATIOS:** | **SUPPLEMENTAL DATA AND RATIOS:** | **SUPPLEMENTAL DATA AND RATIOS:** | **SUPPLEMENTAL DATA AND RATIOS:** |
| **For the period ended** | **Net asset value, beginning of period** | **Net investment income (loss)** <sup>(a)</sup> | **Net realized and unrealized gain (loss) on investments** <sup>(b)</sup> | **Total from investment operations** | **Net investment income** | **Net realized gains** | **Return of capital** | **Total distributions** | **ETF transaction fees per share** | **Net asset value, end of period** | **Total return** <sup>(c)</sup> | **Net assets, end of period (in thousands)** | **Ratio of expense to average net assets** <sup>(d)</sup> | **Ratio of net investment income (loss) to average net assets** <sup>(d)</sup> | **Portfolio turnover rate** <sup>(c)(e)</sup> |
| **Strive 1000 Dividend Growth ETF** | **Strive 1000 Dividend Growth ETF** | **Strive 1000 Dividend Growth ETF** | **Strive 1000 Dividend Growth ETF** | **Strive 1000 Dividend Growth ETF** | **Strive 1000 Dividend Growth ETF** | **Strive 1000 Dividend Growth ETF** | **Strive 1000 Dividend Growth ETF** | **Strive 1000 Dividend Growth ETF** | **Strive 1000 Dividend Growth ETF** | **Strive 1000 Dividend Growth ETF** | **Strive 1000 Dividend Growth ETF** | **Strive 1000 Dividend Growth ETF** | **Strive 1000 Dividend Growth ETF** | **Strive 1000 Dividend Growth ETF** | **Strive 1000 Dividend Growth ETF** |
| 12/31/2025 <sup>(f)</sup> | $34.72 | 0.22 | 2.31 | 2.53 | (0.22) | – | – | (0.22) | – | $37.03 | 7.29% | $51467 | 0.35% | 1.21% | 1% |
| 6/30/2025<sup>(q)</sup> | $32.24 | 0.39 | 2.50 | 2.89 | (0.41) | – | – | (0.41) | – | $34.72 | 9.02% | $52082 | 0.35% | 1.29% | 18% |
| 7/31/2024 | $28.02 | 0.44 | 4.20 | 4.64 | (0.42) | – | – | (0.42) | – | $32.24 | 16.73% | $43200 | 0.35% | 1.50% | 10% |
| 7/31/2023 <sup>(g)</sup> | $24.59 | 0.30 | 3.35 | 3.65 | (0.22) | – | – | (0.22) | 0.00 <sup>(h)</sup> | $28.02 | 14.90% | $22415 | 0.35% | 1.56% | 18% |
| **Strive 1000 Growth ETF** | **Strive 1000 Growth ETF** | **Strive 1000 Growth ETF** | **Strive 1000 Growth ETF** | **Strive 1000 Growth ETF** | **Strive 1000 Growth ETF** | **Strive 1000 Growth ETF** | **Strive 1000 Growth ETF** | **Strive 1000 Growth ETF** | **Strive 1000 Growth ETF** | **Strive 1000 Growth ETF** | **Strive 1000 Growth ETF** | **Strive 1000 Growth ETF** | **Strive 1000 Growth ETF** | **Strive 1000 Growth ETF** | **Strive 1000 Growth ETF** |
| 12/31/2025 <sup>(f)</sup> | $45.97 | 0.12 | 4.87 | 4.99 | (0.11) | – | – | (0.11) | – | $50.85 | 10.86% | $142876 | 0.18% | 0.50% | 6% |
| 6/30/2025<sup>(q)</sup> | $39.70 | 0.24 | 6.27 | 6.51 | (0.23) | (0.01) | – | (0.24) | – | $45.97 | 16.43% | $129629 | 0.18% | 0.61% | 8% |
| 7/31/2024 | $32.20 | 0.24 | 7.49 | 7.73 | (0.23) | – | – | (0.23) | 0.00 <sup>(h)</sup> | $39.70 | 24.14% | $86953 | 0.18% | 0.65% | 9% |
| 7/31/2023 <sup>(g)</sup> | $24.51 | 0.16 | 7.64 | 7.8 | (0.11) | – | – | (0.11) | – | $32.20 | 31.88% | $28978 | 0.18% | 0.74% | 2% |
| **Strive 1000 Value ETF** | **Strive 1000 Value ETF** | **Strive 1000 Value ETF** | **Strive 1000 Value ETF** | **Strive 1000 Value ETF** | **Strive 1000 Value ETF** | **Strive 1000 Value ETF** | **Strive 1000 Value ETF** | **Strive 1000 Value ETF** | **Strive 1000 Value ETF** | **Strive 1000 Value ETF** | **Strive 1000 Value ETF** | **Strive 1000 Value ETF** | **Strive 1000 Value ETF** | **Strive 1000 Value ETF** | **Strive 1000 Value ETF** |
| 12/31/2025 <sup>(f)</sup> | $30.82 | 0.4 | 2.62 | 3.02 | (0.40) | – | – | (0.40) | – | $33.44 | 9.83% | $68885 | 0.18% | 2.45% | 12% |
| 6/30/2025<sup>(q)</sup> | $29.56 | 0.73 | 1.30 | 2.03 | (0.77) | – | – | (0.77) | – | $30.82 | 6.97% | $62251 | 0.18% | 2.63% | 17% |
| 7/31/2024 | $26.31 | 0.73 | 3.18 | 3.91 | (0.66) | – | – | (0.66) | – | $29.56 | 15.12% | $54679 | 0.18% | 2.66% | 13% |
| 7/31/2023 <sup>(g)</sup> | $24.45 | 0.47 | 1.72 | 2.19 | (0.33) | – | – | (0.33) | – | $26.31 | 9.03% | $17101 | 0.18% | 2.62% | 4% |
| **Strive 500 ETF** | **Strive 500 ETF** | **Strive 500 ETF** | **Strive 500 ETF** | **Strive 500 ETF** | **Strive 500 ETF** | **Strive 500 ETF** | **Strive 500 ETF** | **Strive 500 ETF** | **Strive 500 ETF** | **Strive 500 ETF** | **Strive 500 ETF** | **Strive 500 ETF** | **Strive 500 ETF** | **Strive 500 ETF** | **Strive 500 ETF** |
| 12/31/2025 <sup>(f)</sup> | $40.00 | 0.24 | 4.07 | 4.31 | (0.24) | – | – | (0.24) | – | $44.07 | 10.80% | $1017174 | 0.05% | 1.10% | 1% |
| 6/30/2025<sup>(q)</sup> | $35.34 | 0.44 | 4.67 | 5.11 | (0.45) | – | – | (0.45) | 0.00 <sup>(h)</sup> | $40.00 | 14.50% | $923505 | 0.05% | 1.28% | 2% |
| 7/31/2024 | $29.29 | 0.44 | 6.02 | 6.46 | (0.41) | – | – | (0.41) | 0.00 <sup>(h)</sup> | $35.34 | 22.26% | $601208 | 0.05% | 1.40% | 4% |
| 7/31/2023 <sup>(i)</sup> | $25.10 | 0.35 | 4.10 | 4.45 | (0.26) | – | – | (0.26) | – | $29.29 | 17.85% | $251869 | 0.05% | 1.52% | 3% |

---

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**FINANCIAL HIGHLIGHTS (CONTINUED)**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **INVESTMENT OPERATIONS:** | **INVESTMENT OPERATIONS:** | **INVESTMENT OPERATIONS:** | **LESS DISTRIBUTIONS FROM:** | **LESS DISTRIBUTIONS FROM:** | **LESS DISTRIBUTIONS FROM:** | **LESS DISTRIBUTIONS FROM:** | | | | **SUPPLEMENTAL DATA AND RATIOS:** | **SUPPLEMENTAL DATA AND RATIOS:** | **SUPPLEMENTAL DATA AND RATIOS:** | **SUPPLEMENTAL DATA AND RATIOS:** |
| **For the period ended** | **Net asset value, beginning of period** | **Net investment income (loss)** <sup>(a)</sup> | **Net realized and unrealized gain (loss) on investments** <sup>(b)</sup> | **Total from investment operations** | **Net investment income** | **Net realized gains** | **Return of capital** | **Total distributions** | **ETF transaction fees per share** | **Net asset value, end of period** | **Total return** <sup>(c)</sup> | **Net assets, end of period (in thousands)** | **Ratio of expense to average net assets** <sup>(d)</sup> | **Ratio of net investment income (loss) to average net assets** <sup>(d)</sup> | **Portfolio turnover rate** <sup>(c)(e)</sup> |
| **Strive Emerging Markets Ex-China ETF** | **Strive Emerging Markets Ex-China ETF** | **Strive Emerging Markets Ex-China ETF** | **Strive Emerging Markets Ex-China ETF** | **Strive Emerging Markets Ex-China ETF** | **Strive Emerging Markets Ex-China ETF** | **Strive Emerging Markets Ex-China ETF** | **Strive Emerging Markets Ex-China ETF** | **Strive Emerging Markets Ex-China ETF** | **Strive Emerging Markets Ex-China ETF** | **Strive Emerging Markets Ex-China ETF** | **Strive Emerging Markets Ex-China ETF** | **Strive Emerging Markets Ex-China ETF** | **Strive Emerging Markets Ex-China ETF** | **Strive Emerging Markets Ex-China ETF** | **Strive Emerging Markets Ex-China ETF** |
| 12/31/2025 <sup>(f)</sup> | $31.03 | 0.33 | 5.39 | 5.72 | (0.59) | – | – | (0.59) | 0.01 | $36.17 | 18.63% | $108520 | 0.32% | 2.00% | 11% |
| 6/30/2025<sup>(q)</sup> | $29.95 | 0.59 | 1.63 | 2.22 | (1.16) | – | – | (1.16) | 0.02 | $31.03 | 7.72% | $99301 | 0.32% | 2.24% | 21% |
| 7/31/2024 | $26.97 | 0.82 | 2.35 | 3.17 | (0.31) | – | – | (0.31) | 0.12 | $29.95 | 12.38% | $100346 | 0.32% | 3.02% | 80% |
| 7/31/2023 <sup>(j)</sup> | $25.17 | 0.29 | 1.43 | 1.88 | (0.08) | – | – | (0.08) | 0.16 | $26.97 | 7.49% | $153727 | 1.29% | 2.28% | 39% |
| **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** |
| 12/31/2025 <sup>(f)</sup> | $20.32 | 0.49 | (0.04) | 0.45 | (0.53) | (0.00) <sup>(h)</sup> | – | (0.53) | – | $20.24 | 2.22% | $321553 | 0.25% | 4.79% | 36% |
| 6/30/2025<sup>(q)</sup> | $20.25 | 0.98 | 0.04 | 1.02 | (0.95) | – | – | (0.95) | – | $20.32 | 5.15% | $315185 | 0.25% | 5.29% | 54% |
| 7/31/2024 <sup>(k)</sup> | $20.00 | 1.17 | 0.12 | 1.29 | (1.04) | – | – | (1.04) | – | $20.25 | 6.57% | $115628 | 0.25% | 5.94% | 83% |
| **Strive International Developed Markets ETF** | **Strive International Developed Markets ETF** | **Strive International Developed Markets ETF** | **Strive International Developed Markets ETF** | **Strive International Developed Markets ETF** | **Strive International Developed Markets ETF** | **Strive International Developed Markets ETF** | **Strive International Developed Markets ETF** | **Strive International Developed Markets ETF** | **Strive International Developed Markets ETF** | **Strive International Developed Markets ETF** | **Strive International Developed Markets ETF** | **Strive International Developed Markets ETF** | **Strive International Developed Markets ETF** | **Strive International Developed Markets ETF** | **Strive International Developed Markets ETF** |
| 12/31/2025 <sup>(f)</sup> | $28.63 | 0.21 | 2.93 | 3.14 | (0.52) | – | – | (0.52) | 0.00 <sup>(h)</sup> | $31.25 | 11.03% | $21873 | 0.29% | 1.43% | 6% |
| 6/30/2025<sup>(q)</sup> | $25.67 | 0.65 | 2.93 | 3.58 | (0.62) | – | – | (0.62) | 0.00 <sup>(h)</sup> | $28.63 | 14.05% | $18607 | 0.29% | 2.73% | 12% |
| 7/31/2024 <sup>(l)</sup> | $25.11 | 0.02 | 0.54 | 0.56 | – | – | – | – | 0.00 <sup>(h)</sup> | $25.67 | 2.24% | $10269 | 0.29% | 0.77% | 0% |
| **Strive Mid Cap ETF** | **Strive Mid Cap ETF** | **Strive Mid Cap ETF** | **Strive Mid Cap ETF** | **Strive Mid Cap ETF** | **Strive Mid Cap ETF** | **Strive Mid Cap ETF** | **Strive Mid Cap ETF** | **Strive Mid Cap ETF** | **Strive Mid Cap ETF** | **Strive Mid Cap ETF** | **Strive Mid Cap ETF** | **Strive Mid Cap ETF** | **Strive Mid Cap ETF** | **Strive Mid Cap ETF** | **Strive Mid Cap ETF** |
| 12/31/2025 <sup>(f)</sup> | $26.39 | 0.19 | 2.10 | 2.29 | (0.18) | – | – | (0.18) | – | $28.50 | 8.66% | $21091 | 0.18% | 1.33% | 17% |
| 6/30/2025<sup>(q)</sup> | $25.28 | 0.31 | 1.12 | 1.43 | (0.32) | (0.00) <sup>(h)</sup> | – | (0.32) | – | $26.39 | 5.71% | $17154 | 0.18% | 1.31% | 24% |
| 7/31/2024 <sup>(m)</sup> | $24.50 | 0.09 | 0.75 | 0.84 | (0.06) | – | – | (0.06) | – | $25.28 | 3.44% | $12388 | 0.18% | 1.24% | 4% |
| **Strive Natural Resources and Security ETF** | **Strive Natural Resources and Security ETF** | **Strive Natural Resources and Security ETF** | **Strive Natural Resources and Security ETF** | **Strive Natural Resources and Security ETF** | **Strive Natural Resources and Security ETF** | **Strive Natural Resources and Security ETF** | **Strive Natural Resources and Security ETF** | **Strive Natural Resources and Security ETF** | **Strive Natural Resources and Security ETF** | **Strive Natural Resources and Security ETF** | **Strive Natural Resources and Security ETF** | **Strive Natural Resources and Security ETF** | **Strive Natural Resources and Security ETF** | **Strive Natural Resources and Security ETF** | **Strive Natural Resources and Security ETF** |
| 12/31/2025 <sup>(f)</sup> | $35.65 | 0.21 | 4.84 | 5.05 | (0.27) | – | – | (0.27) | 0.00 <sup>(h)</sup> | $40.43 | 14.14% | $55383 | 0.49% | 1.09% | 14% |
| 6/30/2025 <sup>(q)</sup> | $29.01 | 0.40 | 6.63 | 7.03 | (0.39) | – | – | (0.39) | – | $35.65 | 24.46% | $35652 | 0.49% | 1.40% | 21% |
| 7/31/2024 <sup>(n)</sup> | $25.13 | 0.30 | 3.84 | 4.14 | (0.26) | – | – | (0.26) | – | $29.01 | 16.60% | $23208 | 0.49% | 1.20% | 27% |

---

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**FINANCIAL HIGHLIGHTS (CONTINUED)**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **INVESTMENT OPERATIONS:** | **INVESTMENT OPERATIONS:** | **INVESTMENT OPERATIONS:** | **LESS DISTRIBUTIONS FROM:** | **LESS DISTRIBUTIONS FROM:** | **LESS DISTRIBUTIONS FROM:** | **LESS DISTRIBUTIONS FROM:** | | | | **SUPPLEMENTAL DATA AND RATIOS:** | **SUPPLEMENTAL DATA AND RATIOS:** | **SUPPLEMENTAL DATA AND RATIOS:** | **SUPPLEMENTAL DATA AND RATIOS:** |
| **For the period ended** | **Net asset value, beginning of period** | **Net investment income (loss)** <sup>(a)</sup> | **Net realized and unrealized gain (loss) on investments** <sup>(b)</sup> | **Total from investment operations** | **Net investment income** | **Net realized gains** | **Return of capital** | **Total distributions** | **ETF transaction fees per share** | **Net asset value, end of period** | **Total return** <sup>(c)</sup> | **Net assets, end of period (in thousands)** | **Ratio of expense to average net assets** <sup>(d)</sup> | **Ratio of net investment income (loss) to average net assets** <sup>(d)</sup> | **Portfolio turnover rate** <sup>(c)(e)</sup> |
| **Strive Small-Cap ETF** | **Strive Small-Cap ETF** | **Strive Small-Cap ETF** | **Strive Small-Cap ETF** | **Strive Small-Cap ETF** | **Strive Small-Cap ETF** | **Strive Small-Cap ETF** | **Strive Small-Cap ETF** | **Strive Small-Cap ETF** | **Strive Small-Cap ETF** | **Strive Small-Cap ETF** | **Strive Small-Cap ETF** | **Strive Small-Cap ETF** | **Strive Small-Cap ETF** | **Strive Small-Cap ETF** | **Strive Small-Cap ETF** |
| 12/31/2025 <sup>(f)</sup> | $30.35 | 0.23 | 2.94 | 3.17 | (0.24) | – | – | (0.24) | – | $33.28 | 10.41% | $65219 | 0.18% | 1.43% | 19% |
| 6/30/2025<sup>(q)</sup> | $31.52 | 0.39 | (1.04) | (0.65) | (0.47) | – | (0.05) | (0.52) | 0.00 <sup>(h)</sup> | $30.35 | -2.08% | $60701 | 0.18% | 1.41% | 32% |
| 7/31/2024 | $28.05 | 0.38 | 3.48 | 3.86 | (0.39) | – | – | (0.39) | 0.00 <sup>(h)</sup> | $31.52 | 13.99% | $54846 | 0.18% | 1.36% | 31% |
| 7/31/2023 <sup>(g)</sup> | $24.32 | 0.25 | 3.67 | 3.92 | (0.19) | – | – | (0.19) | 0.00 <sup>(h)</sup> | $28.05 | 16.20% | $23840 | 0.18% | 1.34% | 20% |
| **Strive Total Return Bond ETF** | **Strive Total Return Bond ETF** | **Strive Total Return Bond ETF** | **Strive Total Return Bond ETF** | **Strive Total Return Bond ETF** | **Strive Total Return Bond ETF** | **Strive Total Return Bond ETF** | **Strive Total Return Bond ETF** | **Strive Total Return Bond ETF** | **Strive Total Return Bond ETF** | **Strive Total Return Bond ETF** | **Strive Total Return Bond ETF** | **Strive Total Return Bond ETF** | **Strive Total Return Bond ETF** | **Strive Total Return Bond ETF** | **Strive Total Return Bond ETF** |
| 12/31/2025 <sup>(f)</sup> | $20.19 | 0.48 | (0.08) | 0.4 | (0.51) | – | – | (0.51) | – | $20.08 | 2.01% | $120866 | 0.49% | 4.66% | 36% |
| 6/30/2025 <sup>(q)</sup> | $20.29 | 0.93 | (0.11) | 0.82 | (0.92) | – | – | (0.92) | – | $20.19 | 4.11% | $129399 | 0.49% | 5.05% | 39% |
| 7/31/2024 <sup>(k)</sup> | $20.00 | 1.04 | 0.21 | 1.25 | (0.96) | – | – | (0.96) | – | $20.29 | 6.45% | $101856 | 0.49% | 5.35% | 51% |
| **Strive U.S. Energy ETF** | **Strive U.S. Energy ETF** | **Strive U.S. Energy ETF** | **Strive U.S. Energy ETF** | **Strive U.S. Energy ETF** | **Strive U.S. Energy ETF** | **Strive U.S. Energy ETF** | **Strive U.S. Energy ETF** | **Strive U.S. Energy ETF** | **Strive U.S. Energy ETF** | **Strive U.S. Energy ETF** | **Strive U.S. Energy ETF** | **Strive U.S. Energy ETF** | **Strive U.S. Energy ETF** | **Strive U.S. Energy ETF** | **Strive U.S. Energy ETF** |
| 12/31/2025 <sup>(f)</sup> | $27.14 | 0.42 | 1.42 | 1.84 | (0.43) | – | – | (0.43) | – | $28.55 | 6.74% | $237800 | 0.41% | 2.94% | 8% |
| 6/30/2025<sup>(q)</sup> | $30.41 | 0.79 | (3.24) | (2.45) | (0.82) | – | – | (0.82) | – | $27.14 | -8.08% | $261917 | 0.41% | 3.07% | 8% |
| 7/31/2024 | $29.38 | 0.81 | 1.06 | 1.87 | (0.84) | – | – | (0.84) | – | $30.41 | 6.43% | $344211 | 0.41% | 2.74% | 21% |
| 7/31/2023 <sup>(o)</sup> | $25.12 | 0.84 | 4.20 | 5.04 | (0.78) | – | – | (0.78) | 0.00 <sup>(h)</sup> | $29.38 | 20.22% | $360203 | 0.41% | 3.04% | 6% |
| **Strive U.S. Semiconductor ETF** | **Strive U.S. Semiconductor ETF** | **Strive U.S. Semiconductor ETF** | **Strive U.S. Semiconductor ETF** | **Strive U.S. Semiconductor ETF** | **Strive U.S. Semiconductor ETF** | **Strive U.S. Semiconductor ETF** | **Strive U.S. Semiconductor ETF** | **Strive U.S. Semiconductor ETF** | **Strive U.S. Semiconductor ETF** | **Strive U.S. Semiconductor ETF** | **Strive U.S. Semiconductor ETF** | **Strive U.S. Semiconductor ETF** | **Strive U.S. Semiconductor ETF** | **Strive U.S. Semiconductor ETF** | **Strive U.S. Semiconductor ETF** |
| 12/31/2025 <sup>(f)</sup> | $53.07 | 0.07 | 15.43 | 15.5 | (0.07) | – | – | (0.07) | – | $68.50 | 29.20% | $139734 | 0.40% | 0.23% | 7% |
| 6/30/2025<sup>(q)</sup> | $47.53 | 0.16 | 5.55 | 5.71 | (0.17) | – | – | (0.17) | – | $53.07 | 12.07% | $102954 | 0.40% | 0.38% | 25% |
| 7/31/2024 | $36.63 | 0.21 | 10.90 | 11.11 | (0.21) | – | – | (0.21) | – | $47.53 | 30.46% | $83169 | 0.40% | 0.51% | 29% |
| 7/31/2023 <sup>(p)</sup> | $25.07 | 0.22 | 11.53 | 11.75 | (0.19) | – | – | (0.19) | – | $36.63 | 47.03% | $36626 | 0.40% | 0.92% | 10% |

---

(a) Net investment income per share has been calculated based on average shares outstanding during the periods.

(b) Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the periods.

(c) Not annualized for periods less than one year.

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**FINANCIAL HIGHLIGHTS (CONTINUED)**

(d) Annualized for periods less than one year.

(e) Portfolio turnover rate excludes in-kind transactions.

(f) Unaudited.

(g) Inception date of the Fund was November 9, 2022.

(h) Amount represents less than $0.005 per share.

(i) Inception date of the Fund was September 14, 2022.

(j) Inception date of the Fund was January 30, 2023.

(k) Inception date of the Fund was August 9, 2023.

(l) Inception date of the Fund was June 25, 2024.

(m) Inception date of the Fund was April 10, 2024.

(n) Inception date of the Fund was August 30, 2023.

(o) Inception date of the Fund was August 8, 2022.

(p) Inception date of the Fund was October 5, 2022.

(q) For the period August 1, 2024 to June 30, 2025. See Note 1.

The accompanying notes are an integral part of these financial statements.

------

**STRIVE ETFs**

**NOTES TO THE FINANCIAL STATEMENTS December 31, 2025 (Unaudited)**

**NOTE 1 – ORGANIZATION**

The funds listed in the table below (individually, a "Fund", or collectively, the "Funds") are each a series of the EA Series Trust (the "Trust"), which was organized as a Delaware statutory trust on October 11, 2013. The Trust is registered with the Securities and Exchange Commission ("SEC") under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company, and the offering of the Funds' shares ("Shares") is registered under the Securities Act of 1933, as amended (the "Securities Act"). Each Fund qualifies as an investment company as defined in the Financial Accounting Standards Codification Topic 946-Financial Services-Investment Companies. See the Funds' Prospectus and Statement of Additional Information regarding the risks of investing in shares of each Fund. Each Fund is listed on the New York Stock Exchange.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Ticker** | **Commencement of Operations** | **Creation Unit Size** | **Diversification Classification** |
| Strive 1000 Dividend Growth ETF | STXD | November 9, 2022 | 10000 | Diversified |
| Strive 1000 Growth ETF | STXG | November 9, 2022 | 10000 | Diversified |
| Strive 1000 Value ETF | STXV | November 9, 2022 | 10000 | Diversified |
| Strive 500 ETF | STRV | September 14, 2022 | 10000 | Diversified |
| Strive Emerging Markets Ex-China ETF | STXE | January 30, 2023 | 50000 | Diversified |
| Strive Enhanced Income Short Maturity ETF | BUXX | August 9, 2023 | 10000 | Non-diversified |
| Strive International Developed Markets ETF | STXI | June 25, 2024 | 50000 | Diversified |
| Strive Mid-Cap ETF | STXM | April 10, 2024 | 10000 | Diversified |
| Strive Natural Resources and Security ETF | FTWO | August 30, 2023 | 10000 | Non-diversified |
| Strive Small-Cap ETF | STXK | November 9, 2022 | 10000 | Diversified |
| Strive Total Return Bond ETF | STXT | August 9, 2023 | 10000 | Non-diversified |
| Strive U.S. Energy ETF | DRLL | August 8, 2022 | 10000 | Non-diversified |
| Strive U.S. Semiconductor ETF | SHOC | October 5, 2022 | 10000 | Non-diversified |

---

Effective February 1, 2025, the Funds' fiscal year end changed from July 31 to June 30.

Prior to August 16, 2024, the name of the Strive Natural Resources and Security ETF was Strive FAANG 2.0 ETF.

The investment objective of the below Funds is to seek to track the total return performance, before fees and expenses, of an index as described in the table below, and each Fund's strategy is to track the investment results of its underlying index. The underlying index for each Fund is defined below:

---

| | | |
|:---|:---|:---|
| **Fund** | **Index Description** | **Index** |
| STXD | U.S.-listed equities with a history of consistently growing dividends | Bloomberg U.S. 1000 Dividend Growth Index |
| STXG | Large- and mid-capitalization U.S. equity securities that exhibit growth characteristics | Bloomberg U.S. 1000 Growth Index |
| STXV | Large- and mid-capitalization U.S. equity securities that exhibit value characteristics | Bloomberg U.S. 1000 Value Index |
| STRV | U.S.-listed large cap equity securities | Bloomberg 500 Index |
| STXE | Emerging market, ex-China securities | Bloomberg Emerging Markets ex China Large & Mid Cap Index |
| STXI | Developed markets, ex-US securities | Bloomberg Developed Markets ex U.S. Large & Mid Cap Index |

---

------

**STRIVE ETFs**

**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Fund** | **Index Description** | **Index** |
| STXM | U.S. mid-capitalization companies | Bloomberg U.S. 400 Index |
| FTWO | Companies that are engaged in national security and natural resource security | Bloomberg Natural Resources and Security Total Return Index |
| STXK | U.S. small-capitalization companies | Bloomberg U.S. 600 Index |
| DRLL | U.S.-listed equities in the energy sector | Bloomberg U.S. Energy Select Index |
| SHOC | U.S.-listed equities in the semiconductor sector | Bloomberg U.S. Listed Semiconductors Select Index |

---

Prior to January 26, 2024, STRV's underlying index was the Solactive GBS United States 500 Index. Prior to January 25, 2023, STXK's underlying index was the Bloomberg US 2000. Prior to April 11, 2024, DRLL's underlying index was the Solactive United States Energy Regulated Capped Index. Prior to March 21, 2024, SHOC's underlying index was the Solactive United States Semiconductors 30 Capped Total Return Index. The investment objective of BUXX is to seek to provide current income while seeking to minimize price volatility and maintain liquidity, and the investment objective of the STXT is to seek to maximize total return. Each Fund manages to its respective index.

Market prices for the shares may be different from their net asset value ("NAV"). Each Fund issues and redeems shares on a continuous basis at NAV only in blocks of shares, called "Creation Units." Creation Units are issued and redeemed principally in-kind for securities included in a specified universe. Once created, shares generally trade in the secondary market at market prices that change throughout the day in share amounts less than a Creation Unit. Except when aggregated in Creation Units, shares are not redeemable securities of the Fund. Shares of the Fund may only be purchased or redeemed by certain financial institutions ("Authorized Participants"). An Authorized Participant is a participant of a clearing agency registered with the SEC, which has a written agreement with the Trust or one of its service providers that allows the authorized participant to place orders for the purchase and redemption of creation units. Most retail investors do not qualify as Authorized Participants nor have the resources to buy and sell whole Creation Units. Therefore, they are unable to purchase or redeem the shares directly from the Fund. Rather, most retail investors may purchase shares in the secondary market with the assistance of a broker and are subject to customary brokerage commissions or fees.

Authorized Participants may be required to pay a transaction fee to compensate the Trust or its custodian for costs incurred in connection with creation and redemption transactions. Certain transactions consisting all or partially of cash may also be subject to a variable charge, which is payable to the relevant Fund, of up to 2.00% of the value of the order in addition to the transaction fee. A Fund may determine to waive the variable charge on certain orders when such waiver is determined to be in the best interests of Fund shareholders. Transaction fees received by a Fund, if any, are displayed in the Capital Share Transactions sections of the Statements of Changes in Net Assets.

The end of the reporting period for each Fund is December 31, 2025, and the period covered by these Notes to Financial Statements is from July 1, 2025 to December 31, 2025 (the "current fiscal period").

**NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES**

The following is a summary of significant accounting policies consistently followed by the Funds. These policies are in conformity with accounting principles generally accepted in the United States of America ("GAAP").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.*Security Valuation.* Equity securities that are traded on a national securities exchange, except those listed on the NASDAQ Global Market® ("NASDAQ") are valued at the last reported sale price on the exchange on which the security is principally traded. Securities traded on NASDAQ will be valued at the NASDAQ Official Closing Price ("NOCP"). If, on a particular day, an exchange-traded or NASDAQ security does not trade, then the most recent quoted bid for exchange-traded or the mean between the most recent quoted bid and ask price for NASDAQ securities will be used. Equity securities that are not traded on a listed exchange are generally valued at the last sale price in the over-the-counter market. If a non-exchange traded security does not trade on a particular day, then the mean between the last quoted closing bid and asked price will be used. Prices denominated in foreign currencies are converted to U.S. dollar equivalents at the current exchange rate, which approximates fair value. Redeemable

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**STRIVE ETFs**

**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) December 31, 2025 (Unaudited)**

securities issued by open-end investment companies are valued at the investment company's applicable net asset value, with the exception of exchange-traded open-end investment companies which are priced as equity securities. Fair values for debt securities, including asset-backed securities ("ABS"), collateralized loan obligations ("CLO"), collateralized mortgage obligations ("CMO"), corporate obligations, whole loans, and mortgage-backed securities ("MBS") are normally determined on the basis of valuations provided by independent pricing services. Vendors typically value such securities based on one or more inputs, including but not limited to, benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and pricing models such as yield measurers calculated using factors such as cash flows, financial or collateral performance and other reference data. In addition to these inputs, MBS and ABS may utilize cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements and specific deal information. Reverse repurchase agreements are priced at their acquisition cost, and assessed for credit adjustments, which represents fair value. Futures contracts are carried at fair value using the primary exchange's closing (settlement) price.

Subject to its oversight, the Trust's Board of Trustees (the "Board") has delegated primary responsibility for determining or causing to be determined the value of the Fund's investments to Empowered Funds, LLC dba EA Advisers (the "Adviser"), pursuant to the Trust's valuation policy and procedures, which have been adopted by the Trust and approved by the Board. In accordance with Rule 2a-5 under the 1940 Act, the Board designated the Adviser as the "valuation designee" of each Fund. If the Adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the Adviser in accordance with the Trust's fair valuation policy and procedures. The Adviser will provide the Board with periodic reports, no less frequently than quarterly, that discuss the functioning of the valuation process, if applicable, and that identify issues and valuation problems that have arisen, if any. As appropriate, the Adviser and the Board will review any securities valued by the Adviser in accordance with the Trust's valuation policies during these periodic reports. The use of fair value pricing by each Fund may cause the net asset value of its shares to differ significantly from the net asset value that would be calculated without regard to such considerations. As of the current fiscal period end, STXG, STXV, STXE, BUXX, STXM and STXK held securities that required fair valuation due to unobservable inputs.

As described above, the Funds may use various methods to measure the fair value of their investments on a recurring basis. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are:

Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the Funds have 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 Funds' own assumptions about the assumptions a market participant would use in valuing the asset or liability and would be based on the best information available.

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.

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**STRIVE ETFs**

**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) December 31, 2025 (Unaudited)**

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

The following is a summary of the fair value classification of the Funds' investments as of the current fiscal period end:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **TOTAL** |
| **<u>STXD</u>** | | | | |
| **<u>Investments:</u>** | | | | |
| Common Stocks | $50247201 | $— | $— | $50247201 |
| Real Estate Investment Trusts | 1083032 |  |  | 1083032 |
| Money Market Funds | 121426 |  |  | 121426 |
| **Total Investments** | $**51451659** | $**—** | $**—** | $**51451659** |
| **<u>STXG</u>** |  |  |  |  |
| **<u>Investments:</u>** |  |  |  |  |
| Common Stocks | $140095083 | $— | $— | $140095083 |
| Real Estate Investment Trusts | 2374640 |  |  | 2374640 |
| Contingent Value Rights |  |  | 0<sup>(a)(b)</sup> | 0<sup>(a)(b)</sup> |
| Money Market Funds | 388868 |  |  | 388868 |
| **Total Investments** | $**142858591** | $**—** | **$0**<sup>(a)(b)</sup> | $**142858591** |
| **<u>STXV</u>** |  |  |  |  |
| **<u>Investments:</u>** |  |  |  |  |
| Common Stocks | $66878282 | $— | $— | $66878282 |
| Real Estate Investment Trusts | 1785816 |  |  | 1785816 |
| Rights |  |  | 0<sup>(a)(b)</sup> | 0<sup>(a)(b)</sup> |
| Money Market Funds | 142785 |  |  | 142785 |
| **Total Investments** | $**68806883** | $**—** | **$0**<sup>(a)(b)</sup> | $**68806883** |
| **<u>STRV</u>** |  |  |  |  |
| **<u>Investments:</u>** |  |  |  |  |
| Common Stocks | $1000183548 | $— | $— | $1000183548 |
| Real Estate Investment Trusts | 15726553 |  |  | 15726553 |
| Money Market Funds | 801658 |  |  | 801658 |
| **Total Investments** | $**1016711759** | $**—** | $**—** | $**1016711759** |
| **<u>STXE</u>** |  |  |  |  |
| **<u>Investments:</u>** |  |  |  |  |
| Common Stocks | $105094611 | $6437 | $— | $105101048 |
| Preferred Stocks | 2900359 |  | 2093<sup>(b)</sup> | 2902452 |
| Money Market Funds | 1114565 |  |  | 1114565 |
| **Total Investments** | $**109109535** | $**6437** | **$2093**<sup>(b)</sup> | $**109118065** |

---

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**STRIVE ETFs**

**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) December 31, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **TOTAL** |
| **<u>BUXX</u>** | **<u>BUXX</u>** | | | |
| **<u>Investments:</u>** | | | | |
| Asset-Backed Securities | $— | $104397962 | $995040<sup>(b)</sup> | $105393002 |
| Corporate Bonds |  | 86842452 |  | 86842452 |
| Collateralized Mortgage Obligations |  | 52038862 |  | 52038862 |
| Collateralized Loan Obligations |  | 44009375 |  | 44009375 |
| Mortgage-Backed Securities |  | 14579310 |  | 14579310 |
| Money Market Funds | 14198428 |  |  | 14198428 |
| U.S. Treasury Bills |  | 8911705 |  | 8911705 |
| **Total Investments** | $**14198428** | $**310779666** | **$995040**<sup>(b)</sup> | $**325973134** |
| **<u>STXI</u>** |  |  |  |  |
| **<u>Investments:</u>** |  |  |  |  |
| Common Stocks | $21705055 | $— | $— | $21705055 |
| Real Estate Investment Trusts | 49226 |  |  | 49226 |
| Preferred Stocks | 30180 |  |  | 30180 |
| Money Market Funds | 62178 |  |  | 62178 |
| **Total Investments** | $**21846639** | $**—** | $**—** | $**21846639** |
| **<u>STXM</u>** |  |  |  |  |
| **<u>Investments:</u>** |  |  |  |  |
| Common Stocks | $19518414 | $— | $— | $19518414 |
| Real Estate Investment Trusts | 1476087 |  |  | 1476087 |
| Rights |  |  | 0<sup>(a)(b)</sup> | 0<sup>(a)(b)</sup> |
| Money Market Funds | 78562 |  |  | 78562 |
| **Total Investments** | $**21073063** | $**—** | **$0**<sup>(a)(b)</sup> | $**21073063** |
| **<u>FTWO</u>** |  |  |  |  |
| **<u>Investments:</u>** |  |  |  |  |
| Common Stocks | $55274845 | $— | $— | $55274845 |
| Money Market Funds | 91958 |  |  | 91958 |
| **Total Investments** | $**55366803** | $**—** | $**—** | $**55366803** |
| **<u>STXK</u>** |  |  |  |  |
| **<u>Investments:</u>** |  |  |  |  |
| Common Stocks | $60272023 | $— | $— | $60272023 |
| Real Estate Investment Trusts | 4676387 |  |  | 4676387 |
| Rights |  |  | 0<sup>(a)(b)</sup> | 0<sup>(a)(b)</sup> |
| Money Market Funds | 212973 |  |  | 212973 |
| **Total Investments** | $**65161383** | $**—** | **$0**<sup>(a)(b)</sup> | $**65161383** |

---

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**STRIVE ETFs**

**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) December 31, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **TOTAL** |
| **<u>STXT</u>** | | | | |
| **<u>Asstes:</u>** | | | | |
| **<u>Investments:</u>** | | | | |
| Mortgage-Backed Securities | $— | $44537804 | $— | $44537804 |
| Asset-Backed Securities |  | 18980602 |  | 18980602 |
| U.S. Treasury Securities |  | 17101458 |  | 17101458 |
| Collateralized Mortgage Obligations |  | 14644188 |  | 14644188 |
| Corporate Bonds |  | 12293578 |  | 12293578 |
| Collateralized Loan Obligations |  | 7034956 |  | 7034956 |
| Convertible Bonds |  | 3373225 |  | 3373225 |
| Money Market Funds | 1035066 |  |  | 1035066 |
| U.S. Treasury Bills |  | 993541 |  | 993541 |
| **Total Investments** | $**1035066** | $**118959352** | $**—** | $**119994418** |
| **<u>Liabilities:</u>** |  |  |  |  |
| **<u>Other Financial Instruments:</u>** |  |  |  |  |
| Futures Contracts<sup>(c)</sup> | $(56931) | $— | $— | $(56931) |
| **Total Other Financial Instruments** | $**(56931)** | $**—** | $**—** | $**(56931)** |
| **<u>DRLL</u>** |  |  |  |  |
| **<u>Investments:</u>** |  |  |  |  |
| Common Stocks | $237485228 | $— | $— | $237485228 |
| Money Market Funds | 330916 |  |  | 330916 |
| **Total Investments** | $**237816144** | $**—** | $**—** | $**237816144** |
| **<u>SHOC</u>** |  |  |  |  |
| **<u>Investments:</u>** |  |  |  |  |
| Common Stocks | $139251850 | $— | $— | $139251850 |
| Money Market Funds | 503077 |  |  | 503077 |
| **Total Investments** | $**139754927** | $**—** | $**—** | $**139754927** |

---

Refer to the Schedule of Investments for further disaggregation of investment categories.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

(a) Amount is less than $0.50.

(b) Management has decided that the amount of Level 3 securities compared to total net assets is not material to STXG, STXV, STXE, BUXX, STXM and STXK; therefore, the roll forward of Level 3 securities and assumptions are not shown for the current fiscal period for the respective funds.

(c) The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of December 31, 2025.

During the current fiscal period, the Funds, other than STXG, STXV, STXE, BUXX, STXM and STXK, did not invest in any Level 3 investments and recognized no transfers to/from Level 3. Transfers between levels are recognized at the end of the reporting period.

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**STRIVE ETFs**

**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.*Derivative Transactions* The values of derivative instruments on the Statements of Assets and Liabilities for STXT as of the current fiscal period, was as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Derivatives** | **Type of Derivative Risk** | **Statements of Assets and Liabilities Location** | **Value of Unrealized Appreciation (Depreciation)\*** |
| STXT | Futures Contracts | Interest Rate | Variation margin on futures contracts | $(56931) |

---

\* Represents the value of unrealized appreciation (depreciation) as presented in the Schedule of Open Futures Contracts.

The effect of derivative instruments on the Statements of Operations for the current fiscal period, for BUXX and STXT was as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Derivatives** | **Type of Derivative Risk** | **Location of Gain (Loss) on Derivatives in Income** | **Realized Gain (Loss) on Derivatives** |
| BUXX | Futures Contracts | Interest Rate | Net realized gain (loss) on futures contracts | $(294) |
| STXT | Futures Contracts | Interest Rate | Net realized gain (loss) on futures contracts | $711285 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Derivatives** | **Type of Derivative Risk** | **Location of Gain (Loss) on Derivatives in Income** | **Change in Unrealized Appreciation (Depreciation) on Derivatives** |
| BUXX | Futures Contracts | Interest Rate | Net change in Unrealized appreciation (depreciation) on futures contracts | $(11330) |
| STXT | Futures Contracts | Interest Rate | Net change in Unrealized appreciation (depreciation) on futures contracts | $(614556) |

---

The average notional value of long futures held in BUXX and STXT during the current fiscal period was $0 and $31,734,473, respectively.

**Balance Sheet Offsetting Information**

During the ordinary course of business, the Funds may enter into transactions subject to enforceable netting agreements or other similar arrangements ("netting agreements"). Generally, the right to offset in netting agreements allows the Funds to offset any exposure to a specific counterparty with any collateral received or delivered to that counterparty based on the terms of the agreement. Generally, the Funds manage their cash collateral and securities collateral on a counterparty basis. As of the current fiscal period, the Funds were not subject to any netting agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.*Foreign Currency.* Investment securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts using the spot rate of exchange at the date of valuation. Purchases and sales of investment securities and income and expense items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions.

The Funds isolate the portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. That portion of gains (losses) attributable to the changes in market prices and the portion of gains (losses) attributable to changes in foreign exchange rates are included on the "Statement of Operations" under "Net realized gain (loss) – Foreign currency translation" and "Change in net unrealized appreciation (depreciation) – Foreign currency translation," respectively.

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**STRIVE ETFs**

**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) December 31, 2025 (Unaudited)**

Each Fund reports net realized foreign exchange gains or losses that arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund's books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at fiscal year-end, resulting from changes in exchange rates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D.*Federal Income Taxes.* The Funds' policy is to comply with the provisions of Subchapter M of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies and to distribute substantially all of their net investment income and net capital gains to shareholders. Therefore, no federal income tax provision is required. Each Fund plans to file U.S. Federal and various state and local tax returns.

Each Fund recognizes the tax benefits of uncertain tax positions only when the position is more likely than not to be sustained. Management has analyzed each Fund's uncertain tax positions and concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions. Management is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next 12 months. Income and capital gain distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits on uncertain tax positions as income tax expenses in the Statements of Operations. During the current fiscal period, the Funds did not incur any interest or penalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E.Gains and losses realized on sales of securities are determined on a specific identification basis. Dividend income is recorded on the ex-dividend date, net of any foreign taxes withheld at source. Interest income is recorded on an accrual basis. Withholding taxes on foreign dividends have been provided for in accordance with the Funds' understanding of the applicable tax rules and regulations.

Distributions received from a Funds' investments in REITs and MLPs may be characterized as ordinary income, net capital gain, or return of capital. The proper characterization of such distributions is generally not known until after the end of each calendar year. As such, the Funds must use estimates in reporting the character of their income and distributions for financial statement purposes. Such estimates are based on historical information available from each MLP and other industry sources. The actual character of distributions to each Fund's shareholders will be reflected on the Form 1099 received by shareholders after the end of the calendar year. Due to the nature of such investments, a portion of the distributions received by each Fund's shareholders may represent a return of capital.

Distributions to shareholders from net investment income for each Fund except BUXX and STXT are declared and paid on a quarterly basis, whereas distributions to shareholders from net investment income for BUXX and STXT are declared and paid on a monthly basis and distributions to shareholders from net realized gains on securities normally are declared and paid on an annual basis. Distributions are recorded on the ex-dividend date. The Funds may distribute more frequently, if necessary, for tax purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F.*Use of Estimates.* The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, as well as the reported amounts of increases and decreases in net assets from operations during the period. Actual results could differ from those estimates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G.*Share Valuation.* The NAV per share of each Fund is calculated by dividing the sum of the value of the securities held by the Fund, plus cash and other assets, minus all liabilities (including estimated accrued expenses) by the total number of shares outstanding for the Fund, rounded to the nearest cent. The Funds' shares will not be priced on the days on which the New York Stock Exchange ("NYSE") is closed for regular trading. The offering and redemption price per share for each Fund is equal to the Fund's net asset value per share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H.*Guarantees and Indemnifications.* In the normal course of business, the Funds enter into contracts with service providers that contain general indemnification clauses. Additionally, as is customary, the Trust's organizational

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**STRIVE ETFs**

**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) December 31, 2025 (Unaudited)**

documents permit the Trust to indemnify its officers and trustees against certain liabilities under certain circumstances. Each Fund's maximum exposure under these arrangements is unknown as this would involve future claims that may be against the Funds that have not yet occurred. As of the date of this report, no claim has been made for indemnification pursuant to any such agreement of the Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I.*Segment Reporting:* The Funds adopted Financial Accounting Standards Board Update 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures ("ASU 2023-07") during the current fiscal period. The Funds' adoption of the new standard impacted financial statement disclosures only and did not affect each Fund's financial position or results of operations.

The Treasurer (principal financial officer) acts as the Funds' Chief Operating Decision Maker ("CODM') and is responsible for assessing performance and allocating resources with respect to each Fund. The CODM has concluded that each Fund operates as a single operating segment since the Funds have a single investment strategy as disclosed in their prospectus, against which the CODM assesses performance. The financial information provided to and reviewed by the CODM is presented within the Funds' financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J.*Reclassification of Capital Accounts.* GAAP requires that certain components of net assets relating to permanent differences be reclassified between financial and tax reporting. These reclassifications have no effect on net assets or net asset value per share. In addition, the Funds realized net capital gains resulting from in-kind redemptions, in which shareholders exchanged Fund shares for securities held by the Funds rather than for cash. Because such gains are not taxable to the Funds, and are not distributed to shareholders, they have been reclassified from distributable earnings to paid-in capital. For the fiscal period ended June 30, 2025, the following table shows the reclassifications made:

---

| | | |
|:---|:---|:---|
| | **Distributable<br>Earnings** | **Paid-in<br>Capital** |
| STXD | $(1539737) | $1539737 |
| STXG | (257034) | 257034 |
| STXV | (3556075) | 3556075 |
| STRV | (4078278) | 4078278 |
| STXE | (47386) | 47386 |
| BUXX |  |  |
| STXI |  |  |
| STXM | (141409) | 141409 |
| FTWO | (1219834) | 1219834 |
| STXK | (3841168) | 3841168 |
| STXT |  |  |
| DRLL | (6685256) | 6685256 |
| SHOC | (1884143) | 1884143 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K.*New Accounting Pronouncement:* In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. Effective for annual periods beginning after December 15, 2024, the amendments require greater disaggregation of disclosures related to income taxes paid. The ASU has been adopted by the Funds as of the reporting period end. Management has evaluated the impact of the ASU and determined it does not materially impact the financial statements.

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**STRIVE ETFs**

**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) December 31, 2025 (Unaudited)**

**NOTE 3 – COMMITMENTS AND OTHER RELATED PARTY TRANSACTIONS.**

Empowered Funds, LLC dba EA Advisers (the "Adviser") serves as the investment adviser to the Funds. Pursuant to investment advisory agreements (the "Advisory Agreements") between the Trust, on behalf of the Funds, and the Adviser, the Adviser provides investment advice to the Funds and oversees the day-to-day operations of the Funds, subject to the direction and control of the Board and the officers of the Trust. Under the Advisory Agreements, the Adviser is also responsible for arranging transfer agency, custody, fund administration and accounting, and other non-distribution related services necessary for the Funds to operate. The Adviser administers the Funds' business affairs, provides office facilities and equipment and certain clerical, bookkeeping and administrative services. The Adviser agrees to pay all expenses incurred by the Funds except for the fee paid to the Adviser pursuant to the Advisory Agreement, payments under any distribution plan adopted pursuant to Rule 12b-1, brokerage expenses, acquired fund fees and expenses, taxes, interest (including borrowing costs), litigation expense (including class action-related services) and other non-routine or extraordinary expenses.

Strive Asset Management, LLC serves as an investment sub-adviser to the Funds. Pursuant to an investment sub-advisory agreement (the "Sub-Advisory Agreement") among the Trust, the Adviser and the Sub-Adviser, the Sub-Adviser is responsible for determining the investment exposures for the Funds, subject to the overall supervision and oversight of the Adviser and the Board.

Along with Strive Asset Management, LLC, Angel Oak Capital Advisors, LLC ("Angel Oak") also serves as a sub-adviser to BUXX and STXT only. Pursuant to an investment sub-advisory agreement (the "Angel Oak Sub-Advisory Agreement") among the Trust, Angel Oak, and the Adviser, Angel Oak is responsible for implementing Strive Asset Management, LLC's sector allocations and duration target by selecting investments and executing each Fund's transactions in accordance with such sector allocations and duration targets, subject to the investment objective, policies and limitations of each Fund, subject to the overall supervision and oversight of the Adviser and the Board.

The table below represents the annual rate based on average daily net assets that each Fund pays the Adviser monthly:

---

| | |
|:---|:---|
| STXD | 0.35% |
| STXG | 0.18% |
| STXV | 0.18% |
| STRV | 0.0545% |
| STXE | 0.32% |
| BUXX | 0.25% |
| STXI | 0.29% |
| STXM | 0.18% |
| FTWO | 0.49% |
| STXK | 0.18% |
| STXT | 0.49% |
| DRLL | 0.41% |
| SHOC | 0.40% |

---

U.S. Bancorp Fund Services, LLC ("Fund Services" or "Administrator"), doing business as U.S. Bank Global Fund Services, acts as the Funds' Administrator and, in that capacity, performs various administrative and accounting services for the Funds. The Administrator prepares various federal and state regulatory filings, reports and returns for the Funds, including regulatory compliance monitoring and financial reporting; prepares reports and materials to be supplied to the trustees; monitors the activities of the Funds' Custodian, transfer agent and fund accountant. Fund Services also serves as the transfer agent and fund accountant to the Funds. U.S. Bank N.A. (the "Custodian"), an affiliate of the Administrator, serves as the Funds' Custodian.

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**STRIVE ETFs**

**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) December 31, 2025 (Unaudited)**

**NOTE 4 – PURCHASES AND SALES OF SECURITIES**

For the current fiscal period, purchases and sales of securities for the applicable Funds, excluding short-term securities and in-kind transactions for each Fund were as follows:

---

| | | |
|:---|:---|:---|
| | **Purchases** | **Sales** |
| STXD | $766132 | $1007090 |
| STXG | 7769776 | 7754518 |
| STXV | 8717631 | 8084664 |
| STRV | 11992110 | 11372900 |
| STXE | 10730230 | 17392307 |
| BUXX | 126602603 | 102821335 |
| STXI | 1129391 | 1316800 |
| STXM | 3602067 | 3310120 |
| FTWO | 6723503 | 6645601 |
| STXK | 12617182 | 12274540 |
| STXT | 43429070 | 50489677 |
| DRLL | 21030240 | 21570865 |
| SHOC | 8297939 | 8250994 |

---

For the current fiscal period, in-kind transactions associated with creations and redemptions for each Fund were as follows:

---

| | | |
|:---|:---|:---|
| | **Purchases** | **Sales** |
| STXD | $1974689 | $5826457 |
| STXG | 2074272 | 2619015 |
| STXV | 7951498 | 7544110 |
| STRV | 50929232 | 52725772 |
| STXE |  | 792356 |
| BUXX |  |  |
| STXI | 1472080 |  |
| STXM | 4358835 | 2198757 |
| FTWO | 14268952 | 377088 |
| STXK | 12034864 | 13690880 |
| STXT |  |  |
| DRLL | 2617299 | 39885103 |
| SHOC | 28142656 | 21864060 |

---

There were no purchases or sales of U.S. Government securities during the current fiscal period, except for the following:

---

| | | |
|:---|:---|:---|
| | **Purchases** | **Sales** |
| STXT | $6212244 | $6956518 |

---

------

**STRIVE ETFs**

**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) December 31, 2025 (Unaudited)**

**NOTE 5 – TAX INFORMATION**

The components of tax basis cost of investments and net unrealized appreciation (depreciation) for federal income tax purposes for the fiscal period June 30, 2025, for each Fund were as follows:

---

| | | | |
|:---|:---|:---|:---|
| | **STXD** | **STXG** | **STXV** |
| Tax cost of Investments | $43013964 | $98486074 | $58447224 |
| Gross tax unrealized appreciation | 11169703 | 34587389 | 8272118 |
| Gross tax unrealized depreciation | (2107362) | (3449929) | (4524868) |
| Net tax unrealized appreciation (depreciation) | $9062341 | $31137460 | $3747250 |
| Undistributed ordinary income |  |  | 23110 |
| Undistributed long-term gain |  |  |  |
| Total distributable earnings | $— | $— | $23110 |
| Other accumulated gain (loss) | (905209) | (468067) | (283641) |
| Total accumulated gain (loss) | $8157132 | $30669393 | $3486719 |
|  | **STRV** | **STXE** | **BUXX** |
| Tax cost of Investments | $719165979 | $81901883 | $325098763 |
| Gross tax unrealized appreciation | 236767833 | 24146146 | 909651 |
| Gross tax unrealized depreciation | (32734664) | (6116515) | (247865) |
| Net tax unrealized appreciation (depreciation) | $204033169 | $18029631 | $661786 |
| Undistributed ordinary income | 126481 | 644827 | 368495 |
| Undistributed long-term gain |  |  | 29034 |
| Total distributable earnings | $126481 | $644827 | $397529 |
| Other accumulated gain (loss) | (1186939) | (4843450) |  |
| Total accumulated gain (loss) | $202972711 | $13831008 | $1059315 |
|  | **STXI** | **STXM** | **FTWO** |
| Tax cost of Investments | $16283703 | $15944768 | $30866186 |
| Gross tax unrealized appreciation | 3030343 | 2365591 | 5828768 |
| Gross tax unrealized depreciation | (754831) | (1169229) | (1067160) |
| Net tax unrealized appreciation (depreciation) | $2275512 | $1196362 | $4761608 |
| Undistributed ordinary income | 37038 | 1702 | 20293 |
| Undistributed long-term gain |  |  |  |
| Total distributable earnings | $37038 | $1702 | $20293 |
| Other accumulated gain (loss) | (214690) | (170475) | (367608) |
| Total accumulated gain (loss) | $2097860 | $1027589 | $4414293 |

---

------

**STRIVE ETFs**

**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) December 31, 2025 (Unaudited)**

---

| | | | |
|:---|:---|:---|:---|
| | **STXK** | **STXT** | **DRLL** |
| Tax cost of Investments | $57553314 | $127251746 | $287178234 |
| Gross tax unrealized appreciation | 9488934 | 1860190 | 14676387 |
| Gross tax unrealized depreciation | (6403036) | (585771) | (39908752) |
| Net tax unrealized appreciation (depreciation) | $3085898 | $1274419 | $(25232365) |
| Undistributed ordinary income |  | 144180 |  |
| Undistributed long-term gain |  |  |  |
| Total distributable earnings | $— | $144180 | $— |
| Other accumulated gain (loss) | (3849557) | (637019) | (11053173) |
| Total accumulated gain (loss) | $(763659) | $781580 | $(36285538) |
|  | **SHOC** |  |  |
| Tax cost of Investments | $85086407 |  |  |
| Gross tax unrealized appreciation | 22413018 |  |  |
| Gross tax unrealized depreciation | (4590885) |  |  |
| Net tax unrealized appreciation (depreciation) | $17822133 |  |  |
| Undistributed ordinary income |  |  |  |
| Undistributed long-term gain |  |  |  |
| Total distributable earnings | $— |  |  |
| Other accumulated gain (loss) | (3712558) |  |  |
| Total accumulated gain (loss) | $14109575 |  |  |

---

The difference between book and tax-basis cost is attributable to the realization for tax purposes of unrealized gains on investments in REITs, partnerships, passive foreign investment companies and wash sales. Under tax law, certain capital and foreign currency losses realized after October 31 and within the taxable year are deemed to arise on the first business day of each Fund's next taxable year.

For the fiscal period ended June 30, 2025, the Funds did not defer any post-October capital losses or qualified late-year losses.

For the fiscal period ended June 30, 2025, each Fund had the following capital loss carryforwards that do not expire:

---

| | | |
|:---|:---|:---|
| | **Unlimited Short-Term&nbsp;&nbsp;&nbsp;&nbsp;** | **Unlimited Long-Term&nbsp;&nbsp;&nbsp;&nbsp;** |
| STXD | $(538994) | $(366215) |
| STXG | (468067) |  |
| STXV | (283641) |  |
| STRV | (772809) | (414130) |
| STXE | (3821590) |  |
| BUXX |  |  |
| STXI | (184028) | (30662) |
| STXM | (170475) |  |
| FTWO | (338466) | (29151) |
| STXK | (2631049) | (1218508) |

---

------

**STRIVE ETFs**

**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| | **Unlimited Short-Term&nbsp;&nbsp;&nbsp;&nbsp;** | **Unlimited Long-Term&nbsp;&nbsp;&nbsp;&nbsp;** |
| STXT | $(218386) | $(418633) |
| DRLL | (5031452) | (6021721) |
| SHOC | (3164468) | (548090) |

---

**NOTE 6 – DISTRIBUTIONS TO SHAREHOLDERS**

The tax character of distributions paid by each Fund during the current fiscal period, fiscal period ended June 30, 2025, and fiscal period ended July 31, 2024, were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Current Fiscal Period** | **Fiscal Period Ended June 30, 2025** | **Fiscal Period Ended June 30, 2025** | **Fiscal Period Ended June 30, 2025** | **Fiscal Period Ended July 31, 2024** |
| | **Ordinary Income** | **Long-Term Capital Gains** | **Return of Capital** | **Ordinary Income** | **Ordinary Income** |
| STXD | $318778 | $— | $— | $602333 | $485575 |
| STXG | 326424 | 30259 |  | 590824 | 350997 |
| STXV | 846703 |  |  | 1560714 | 750769 |
| STRV | 5687613 |  |  | 9265451 | 5358321 |
| STXE | 1772689 |  |  | 3932685 | 1599535 |
| BUXX<sup>(a)</sup> | 8107581 |  |  | 9514662 | 4093148 |
| STXI<sup>(b)</sup> | 359503 |  |  | 392940 |  |
| STXM<sup>(c)</sup> | 127321 | 636 |  | 186364 | 21665 |
| FTWO<sup>(d)</sup> | 354676 |  |  | 332147 | 76248 |
| STXK | 469195 |  | 85083 | 895104 | 530975 |
| STXT<sup>(a)</sup> | 3133164 |  |  | 5676002 | 3637215 |
| DRLL | 3752372 |  |  | 8592613 | 9743291 |
| SHOC | 131833 |  |  | 299204 | 254625 |

---

---

| |
|:---|
| (a) The Fund commenced operations on August 9, 2023. |
| (b) The Fund commenced operations on June 25, 2024. |
| (c) The Fund commenced operations on April 10, 2024. |
| (d) The Fund commenced operations on August 30, 2023. |

---

**NOTE 7 – CREDIT FACILITY**

The Custodian has made available to STXE and another series of the Trust a $30 million secured credit facility, pursuant to a Loan Agreement ("Agreement") effective December 10, 2025, expiring on December 9, 2026, for the purposes of having cash available to satisfy redemption requests. Advances under the Agreement would be limited to the lesser of $30 million, 25% of the gross market value of the Fund, or 33.33% of the unencumbered assets of the Fund. Principal is due 45 days after the initial advance and at the maturity. Interest is payable monthly in arrears. Under the credit facility, the interest rate paid on outstanding borrowings is equal to the lender's prime rate. As of the current fiscal period, the prime rate was 6.75%. The interest paid on outstanding borrowings is paid by the Adviser. For the current fiscal period, STXE's did not utilize the credit facility.

As of the current fiscal period, STXE had no outstanding borrowings under the Agreement.

------

**STRIVE ETFs**

**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) December 31, 2025 (Unaudited)**

**NOTE 8 – SUBSEQUENT EVENTS**

In preparing these financial statements, management of the Funds have evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued. There were no transactions that occurred during the period subsequent to the current fiscal period that materially impacted the amounts or disclosures in the Funds' financial statements.

------

**STRIVE ETFs**

**FEDERAL TAX INFORMATION (UNAUDITED)**

For the fiscal period ended June 30, 2025, certain dividends paid by the Funds may be subject to a maximum tax rate of 23.8%, as provided for by the Tax Cuts and Jobs Act of 2017. The percentage of dividends declared from ordinary income designated as qualified dividend income were as follows:

---

| | |
|:---|:---|
| STXD | 100.00% |
| STXG | 100.00% |
| STXV | 97.25% |
| STRV | 97.22% |
| STXE | 39.44% |
| BUXX | 0.00% |
| STXI | 95.45% |
| STXM | 82.47% |
| FTWO | 100.00% |
| STXK | 82.73% |
| STXT | 0.00% |
| DRLL | 100.00% |
| SHOC | 100.00% |

---

For corporate shareholders, the percent of ordinary income distributions qualifying for the corporate dividends received deduction for the fiscal period ended June 30, 2025, were as follows:

---

| | |
|:---|:---|
| STXD | 100.00% |
| STXG | 100.00% |
| STXV | 93.65% |
| STRV | 92.74% |
| STXE | 0.00% |
| BUXX | 0.00% |
| STXI | 0.00% |
| STXM | 78.91% |
| FTWO | 100.00% |
| STXK | 81.32% |
| STXT | 0.00% |
| DRLL | 100.00% |
| SHOC | 100.00% |

---

------

**STRIVE ETFs**

**FEDERAL TAX INFORMATION (UNAUDITED) (CONTINUED)**

The percentage of taxable ordinary income distributions that are designated as short-term capital gain distributions under the Internal Revenue Section 871(k)(2)(C) for the fiscal period ended June 30, 2025, were as follows:

---

| | |
|:---|:---|
| STXD | 0.00% |
| STXG | 0.00% |
| STXV | 0.00% |
| STRV | 0.00% |
| STXE | 0.64% |
| BUXX | 0.00% |
| STXI | 0.00% |
| STXM | 2.31% |
| FTWO | 0.00% |
| STXK | 0.00% |
| STXT | 0.00% |
| DRLL | 0.00% |
| SHOC | 0.00% |

---

------

**STRIVE ETFs**

**FOREIGN TAX CREDIT PASS THROUGH (UNAUDITED)**

Pursuant to Section 853 of the Internal Revenue code, the Funds designate the following amounts as foreign taxes paid for the current fiscal period. Foreign taxes paid for purposes of Section 853 may be less than actual foreign taxes paid for financial statement purposes.

---

| | | | |
|:---|:---|:---|:---|
| | **Creditable Foreign Tax Credit Paid** | **Per Share Amount** | **Portion of Ordinary Income Distribution Derived From Foreign Sourced Income** |
| STXE | $332160 | $0.10 | 99.80% |
| STXI | 57342 | 0.09 | 100.00% |

---

Foreign taxes paid or withheld should be included in taxable income with an offsetting deduction from gross income or as a credit for taxes paid to foreign governments.

Above figures may differ from those cited elsewhere in this report due to difference in the calculation of income and gains under GAAP purposes and Internal Revenue Service purposes.

Shareholders are strongly advised to consult their own tax advisers with respect to the tax consequences of their investments in the Funds.

------

**<u>Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment</u>**

**<u>Companies.</u>**

There were no matters concerning changes in and disagreements with Accountants on accounting and financial disclosures required by Item 304 of Regulation S-K.

**<u>Item 9. Proxy Disclosures for Open-End Management Investment Companies.</u>**

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

**<u>Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management</u>**

**<u>Investment Companies</u>**

Not applicable. The Independent Trustees are paid by the Adviser out. See Note 3 to the Financial Statements under Item 7.

**<u>Item 11. Statement Regarding Basis for Approval of Investment Advisory Contracts.</u>**

Not applicable.

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

Not applicable to open-end investment companies.

**<u>Item 13. Portfolio Managers of Closed-End Management Investment Companies</u>.**

Not applicable to open-end investment companies.

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

Not applicable to open-end investment companies.

**<u>Item 15. Submission of Matters to a Vote of Security Holders.</u>**

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant's board of trustees.

**<u>Item 16. Controls and Procedures.</u>**

(a) The Registrant's President (principal executive officer) and Treasurer (principal financial officer) have reviewed the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the "Act")) as of a date within 90 days of the filing of this report, as required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934. Based on their review, such officers have concluded that the disclosure controls and procedures are effective in ensuring that information required to be disclosed in this report is appropriately recorded, processed, summarized and reported and made known to them by others within the Registrant and by the Registrant's service provider.

(b) There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred 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.

------

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

Not applicable to open-end investment companies.

**<u>Item 18. Changes in and Disagreements with Accountants for Open-End Management Investment</u>**

**<u>Companies.</u>**

There were no matters concerning changes in and disagreements with Accountants on accounting and financial disclosures required by Item 304 of Regulation S-K.

**<u>Item 19. Exhibits</u>.**

(a) (1) Any code of ethics or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy Item 2 requirements through filing an exhibit. *Not Applicable*.

(2) Any policy required by the listing standards adopted pursuant to Rule 10D-1 under the Exchange Act (17 CFR 240.10D-1) by the registered national securities exchange or registered national securities association upon which the registrant's securities are listed. *Not Applicable.*

(3) A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)). *<u>[Filed herewith](exhibit99cert.htm)</u>*.

(4) Any written solicitation to purchase securities under Rule 23c-1 under the Act sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons. *Not Applicable.*

(5) Change in the registrant's independent public accountant. *Not Applicable.*

(b) Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. *<u>[Filed herewith.](exhibit99906cert.htm)</u>*

------

**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.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant) | EA Series Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By (Signature and Title) | /s/ Wesley R. Gray, PhD. |
|  | Wesley R. Gray, PhD., President (principal executive officer) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date: | February 25, 2026 |

---

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.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By (Signature and Title) | /s/ Wesley R. Gray, PhD. |
|  | Wesley R. Gray, PhD., President (principal executive officer) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date: | February 25, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By (Signature and Title) | /s/ Sean R. Hegarty, CPA |
|  | Sean R. Hegarty, CPA, Treasurer (principal financial officer) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date: | February 25, 2026 |

---

## Exhibit 99.906

**EX-99.906 CERT**

**<u>Certification Pursuant to Section 906 of the Sarbanes-Oxley Act</u>**

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, each of the undersigned officers of the EA Series Trust, does hereby certify, to such officer's knowledge, that the report on Form N-CSR of the EA Series Trust for the period ended December 31, 2025 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as applicable, and that the information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the EA Series Trust for the stated period.

---

| | |
|:---|:---|
| /s/ Wesley R. Gray, PhD. | /s/ Sean R. Hegarty, CPA |
| Wesley R. Gray, PhD. | Sean R. Hegarty, CPA |
| President (principal executive officer) | Treasurer (principal financial officer) |
| EA Series Trust | EA Series Trust |
| Date: February 25, 2026 | Date: February 25, 2026 |

---

This statement accompanies this report on Form N-CSR pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed as filed by the EA Series Trust for purposes of Section 18 of the Securities Exchange Act of 1934.

## Ex-99.Cert

**EX-99.CERT**

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

I, Wesley R. Gray, PhD., certify that:

1. I have reviewed this report on Form N-CSR of EA Series Trust;

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(s) 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;&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;&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;&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;&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(s) 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;&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;&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.

---

| | |
|:---|:---|
| Date: February 25, 2026 | /s/ Wesley R. Gray, PhD. |
| | Wesley R. Gray, PhD. |
| | President (principal executive officer) |
| | EA Series Trust |

---

------

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

I, Sean R. Hegarty, certify that:

1. I have reviewed this report on Form N-CSR of EA Series Trust;

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(s) 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;&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;&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;&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;&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(s) 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;&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;&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.

---

| | |
|:---|:---|
| Date: February 25, 2026 | /s/ Sean R. Hegarty, CPA |
| | Sean R. Hegarty, CPA |
| | Treasurer (principal financial officer) |
| | EA Series Trust |

---

<br>