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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Schwab US Aggregate Bond ETF</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Global X Us Preferred Etf</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>State Street Utilities Select Sector SPDR ETF</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>United States of America</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>Schwab US REIT ETF</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Invesco NASDAQ 100 ETF</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HNDL TRS N7HNDLT EQ</name>
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        <descOthUnits>Notional</descOthUnits>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CANADIAN IMPERIAL BK OF COMMERCE</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>HNDL TRS N7HNDLT EQ</issuerName>
                <issueTitle>HNDL TRS N7HNDLT EQ</issueTitle>
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                  <cusip value="N7HNDLTC1"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">NASDAQ 7 HANDL INDEX ETF</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="FEDL01" floatingRtSpread="1.05" pmntAmt="-61550538.11000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Year" resetDtUnit="1"/>
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            <terminationDt>2026-03-03</terminationDt>
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            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-03-02</ncom:dateSigned>
      <ncom:nameOfApplicant>Strategy Shares</ncom:nameOfApplicant>
      <ncom:signature>James Szilagyi</ncom:signature>
      <ncom:signerName>James Szilagyi</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
