REX BITCOIN CORPORATE TREASURY CONVERTIBLE BOND ETF
Schedule of Investments
September 30, 2025 (unaudited)
				Shares		Value
	109.71	%	CONVERTIBLE BONDS
	6.28	%	COMMUNICATION SERVICES
			Trump Media & Technology Group Corp. 05/29/2028 0.011% 144A		483,000	$	451,907
	11.49	%	CONSUMER DISCRETIONARY
			GameStop Corp. 04/01/2030 -0.059% 144A(A)		728,000		827,736
	19.99	%	FINANCIALS
			MARA Holdings, Inc. 03/01/2030 0.047% 144A(A)		450,000		451,800
			MARA Holdings, Inc. 06/01/2031 0.035% 144A(A)		420,000		399,665
			MARA Holdings, Inc. 09/01/2031 2.125%		138,000		167,258
			Riot Platforms, Inc. 01/15/2030 0.750% 144A		275,000		421,233
							1,439,956
	71.95	%	INFORMATION TECHNOLOGY
			MicroStrategy Incorporated 12/01/2029 0.039% 144A(A)		1,618,000		1,454,195
			MicroStrategy Incorporated 03/01/2030 0.011% 144A(A)		905,000		954,775
			MicroStrategy Incorporated 03/15/2030 0.625%		362,000		812,147
			MicroStrategy Incorporated 03/15/2031 0.875%		275,000		432,712
			MicroStrategy, Inc. 06/15/2032 2.250%		363,000		648,499
			Strategy Inc. 09/15/2028 0.625%		465,000		880,012
							5,182,340
	109.71	%	TOTAL CONVERTIBLE BONDS				7,901,939
			(Cost: $7,058,871)
	2.05	%	MONEY MARKET FUND
			First American Money Market Funds 4.050%(B)		147,540		147,540
			(Cost: $147,540)
	111.76	%	TOTAL INVESTMENTS				8,049,479
			(Cost: $7,206,411)
	(11.76	%)	Liabilities in excess of other assets				(847,146	)
	100.00	%	NET ASSETS			$	7,202,333

REX BITCOIN CORPORATE TREASURY CONVERTIBLE BOND ETF

Schedule of Investments

September 30, 2025 (unaudited)

^(A)Zero coupon security. The rate shown is the yield-to-maturity on the date of September 30,2025

^(B)Effective 7 day yield as of September 30,2025

See Notes to Schedule of Investments.

A 144A Security is exempt from the registration requirements for resales of restricted securities to qualified institutional buyers. The aggregate amount of these securities is $4,961,310 and is 68.88% of the Fund's  net assets.

In accordance with U.S. GAAP, "fair value" is defined as the price that a Fund would receive

upon selling an investment in an orderly transaction to an independent buyer in the

principal or most advantageous market for the investment. Various inputs are used

in determining the value of a Fund’s investments. U.S. GAAP established a three-tier

hierarchy of inputs to establish a classification of fair value measurements for

disclosure purposes. Level 1 includes quoted prices in active markets for identical

securities. Level 2 includes other significant observable inputs (including quoted

prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in

determining fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an

indication of the risk associated with investing in those securities.

The following summarizes the inputs used to value the Fund’s investments as of September 30, 2025:
	Level 1		Level 2		Level 3
			Other		Significant
			Significant		Unobservable
	Quoted Prices		Observable Inputs		Inputs		Total
CONVERTIBLE BONDS	$	-	$	7,901,939	$	-	$	7,901,939
MONEY MARKET FUND		147,540		-		-		147,540
TOTAL INVESTMENTS	$	147,540	$	7,901,939	$	-	$	8,049,479
The cost of investments for Federal income tax purposes has been estimated a/o September 30, 2025 since
the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income
tax purpose is $7,206,411, and the related net unrealized appreciation (depreciation) consists of:
					Gross unrealized appreciation		$	952,876
					Gross unrealized depreciation			(109,808	)
					Net unrealized appreciation		$	843,068