| BEACON SELECTIVE RISK ETF | |||||||
| SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
| May 31, 2025 | |||||||
| Shares | Fair Value | ||||||
| EXCHANGE-TRADED FUNDS — 99.6% | |||||||
| EQUITY - 63.4% | |||||||
| 16,600 | Vanguard Communication Services ETF | $ 2,645,376 | |||||
| 7,372 | Vanguard Consumer Discretionary ETF | 2,623,252 | |||||
| 13,294 | Vanguard Consumer Staples ETF | 2,985,301 | |||||
| 19,425 | Vanguard Financials ETF | 2,386,944 | |||||
| 9,000 | Vanguard Industrials ETF | 2,424,510 | |||||
| 4,322 | Vanguard Information Technology ETF | 2,620,731 | |||||
| 16,859 | Vanguard Utilities ETF | 2,983,369 | |||||
|
18,669,483 | |||||||
| FIXED INCOME - 36.2% | |||||||
| 35,052 | Vanguard Intermediate-Term Bond ETF | 2,678,323 | |||||
| 67,978 | Vanguard Short-Term Bond ETF | 5,326,756 | |||||
| 53,089 | Vanguard Short-Term Inflation-Protected Securities ETF | 2,655,512 | |||||
|
10,660,591 | |||||||
| TOTAL EXCHANGE-TRADED FUNDS (Cost $28,465,647) |
29,330,074 | ||||||
| TOTAL INVESTMENTS - 99.6% (Cost $28,465,647) | $ 29,330,074 | ||||||
| OTHER ASSETS IN EXCESS OF LIABILITIES- 0.4% |
118,720 | ||||||
| NET ASSETS - 100.0% |
$ 29,448,794 | ||||||
| BEACON TACTICAL RISK ETF | |||||||
| SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
| May 31, 2025 | |||||||
| Shares | Fair Value | ||||||
| EXCHANGE-TRADED FUNDS — 99.2% | |||||||
| FIXED INCOME - 99.2% | |||||||
| 113,056 | Vanguard Intermediate-Term Bond ETF | $ 8,638,609 | |||||
| 122,371 | Vanguard Long-Term Bond ETF | 8,312,662 | |||||
| 111,159 | Vanguard Short-Term Bond ETF | 8,710,419 | |||||
|
25,661,690 | |||||||
| TOTAL EXCHANGE-TRADED FUNDS (Cost $25,823,223) |
25,661,690 | ||||||
| TOTAL INVESTMENTS - 99.2% (Cost $25,823,223) | $ 25,661,690 | ||||||
| OTHER ASSETS IN EXCESS OF LIABILITIES- 0.8% |
195,328 | ||||||
| NET ASSETS - 100.0% |
$ 25,857,018 | ||||||