Vesper U.S. Large Cap Short-Term Reversal Strategy ETF

Schedule of Investments

November 30, 2024 (Unaudited)

Description	Shares		Fair Value
COMMON STOCK — 99.7%
Communication Services — 8.0%
Electronic Arts		5,909	$	967,126
Take-Two Interactive Software*		5,170		973,925
				1,941,051
Consumer Staples — 12.0%
Church & Dwight		8,763		965,069
Clorox		5,787		967,413
Constellation Brands, Cl A		4,098		987,413
				2,919,895
Energy — 8.0%
Marathon Petroleum		6,222		971,566
Valero Energy		6,978		970,500
				1,942,066
Financials — 11.9%
BlackRock Funding		947		968,592
Fidelity National Information Services		11,294		963,378
MarketAxess Holdings		3,696		956,118
				2,888,088
Health Care — 15.9%
Biogen*		6,049		971,651
Boston Scientific*		10,651		965,620
Bristol-Myers Squibb		16,284		964,338
Stryker		2,487		975,277
				3,876,886
Industrials — 15.9%
CH Robinson Worldwide		9,164		967,535
Delta Air Lines		15,194		969,681
General Dynamics		3,404		966,770
Honeywell International		4,132		962,467
				3,866,453
Information Technology — 20.1%
Advanced Micro Devices*		7,106		974,765
Broadcom		6,068		983,501
Gartner*		1,857		961,796
NVIDIA		7,183		993,050
Texas Instruments		4,857		976,403
				4,889,515
Utilities — 7.9%
AES		74,203		967,607
American Water Works		6,979		955,704
				1,923,311
Total Common Stock
(Cost $24,120,653)				24,247,265
Total Investments - 99.7%
(Cost $24,120,653)			$	24,247,265

Percentages are based on net assets of $24,327,634.

* Non-income producing security.

Cl — Class

VES-QH-001-2100