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        <cusip>46641Q332</cusip>
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          <isin value="US46641Q3323"/>
          <other otherDesc="Internal" value="BL4SB69"/>
        </identifiers>
        <balance>507892.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28233716.28000000</valUSD>
        <pctVal>4.159325723358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ETF"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Global X Us Preferred Etf</name>
        <lei>N/A</lei>
        <title>GLOBAL X US PREFERRED ETF</title>
        <cusip>37954Y657</cusip>
        <identifiers>
          <isin value="US37954Y6573"/>
          <other otherDesc="Internal" value="BZ0WZ61"/>
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        <balance>1089088.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20398618.24000000</valUSD>
        <pctVal>3.005077217790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ETF"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vanguard Total Bond Market Index Fund</name>
        <lei>N/A</lei>
        <title>VANGUARD TOTAL BOND MARKET ETF</title>
        <cusip>921937835</cusip>
        <identifiers>
          <isin value="US9219378356"/>
          <other otherDesc="Internal" value="B1VZBS5"/>
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        <balance>1027565.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75526027.50000000</valUSD>
        <pctVal>11.12631953400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ETF"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NASDAQ 7 HANDL ETF TOTAL RETURN SWAP</name>
        <lei>N/A</lei>
        <title>NASDAQ 7 HANDL ETF TOTAL RETURN SWAP 1/11/2021</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="NQ7HANCT2"/>
        </identifiers>
        <balance>53322828.45330000</balance>
        <units>OU</units>
        <descOthUnits>Notional</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>1983180.13000000</valUSD>
        <pctVal>0.292157505833</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Total Return Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CIBC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>NASDAQ 7 HANDL ETF TOTAL RETURN SWAP </issuerName>
                <issueTitle>NASDAQ 7 HANDL ETF TOTAL RETURN SWAP </issueTitle>
                <identifiers>
                  <cusip value="86280R506"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">NASDAQ 7HANDL INDEX TR</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="FEDL01" floatingRtSpread="1.05" pmntAmt="-53322828.45330000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Year" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2026-03-03</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>53322828.45330000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>1983180.13000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WisdomTree US Efficient Core Fund</name>
        <lei>N/A</lei>
        <title>WISDOMTREE US EFFICIENT CORE F</title>
        <cusip>97717Y790</cusip>
        <identifiers>
          <isin value="US97717Y7904"/>
          <other otherDesc="Internal" value="BF0WNC3"/>
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        <balance>914991.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41531441.49000000</valUSD>
        <pctVal>6.118315818023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ETF"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DFA Dimensional Core Fixed Income ETF</name>
        <lei>N/A</lei>
        <title>DIMENSIONAL CORE FIXED INCOME ETF</title>
        <cusip>25434V872</cusip>
        <identifiers>
          <isin value="US25434V8726"/>
          <other otherDesc="Internal" value="BMCXCF9"/>
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        <balance>394009.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16528677.55000000</valUSD>
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        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Utilities Select Sector SPDR Fund</name>
        <lei>N/A</lei>
        <title>UTILITIES SELECT SECTOR SPDR FUND</title>
        <cusip>81369Y886</cusip>
        <identifiers>
          <isin value="US81369Y8865"/>
          <other otherDesc="Internal" value="2371812"/>
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        <balance>420189.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33152912.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Schwab 5-10 Year Corporate Bond ETF</name>
        <lei>N/A</lei>
        <title>SCHWAB 5 10 YEAR CORPORATE BOND ETF</title>
        <cusip>808524698</cusip>
        <identifiers>
          <isin value="US8085246986"/>
          <other otherDesc="Internal" value="BKPWCJ3"/>
        </identifiers>
        <balance>369138.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8283456.72000000</valUSD>
        <pctVal>1.220299668387</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ETF"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR Portfolio High Yield Bond ETF</name>
        <lei>N/A</lei>
        <title>SPDR PORTFOLIO HIGH YIELD BOND ETF</title>
        <cusip>78468R606</cusip>
        <identifiers>
          <isin value="US78468R6062"/>
          <other otherDesc="Internal" value="B829594"/>
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        <balance>1065526.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24773479.50000000</valUSD>
        <pctVal>3.649571651126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ETF"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Schwab US REIT ETF</name>
        <lei>N/A</lei>
        <title>SCHWAB U S REIT ETF</title>
        <cusip>808524847</cusip>
        <identifiers>
          <isin value="US8085248479"/>
          <other otherDesc="Internal" value="B3R0QY9"/>
        </identifiers>
        <balance>1735734.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36502486.02000000</valUSD>
        <pctVal>5.377461739851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ETF"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-05-30</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>
</edgarSubmission>
