NPORT-EX 2 ccup.htm NPORT-EX
 
          
T- REX 2X LONG CRCL DAILY TARGET ETF
Schedule of Investments
        
September 30, 2025 (unaudited)

 
            
 
  
Shares
    
Value
  
MONEY MARKET FUND - 1.91%
            
First American Government Obligations Fund - Institutional Class 4.04%(A)
    
261,984
    
$
261,984
  
(Cost: $261,984)
                
TOTAL INVESTMENTS -1.91%
            
261,984
  
(Cost: $261,984)
                
 
                
Other Assets, Net of Liabilities - 98.09%(B)
            
13,455,561
  
 
                
TOTAL NET ASSETS - 100.00%
          
$
13,717,545
  
 
                
TOTAL RETURN SWAP CONTRACTS
                


 Reference
Pay/Receive
 
 
 
        
Unrealized
  

 Entity/
Equity on
Financing
Pay/Receive
Termination
  
Notional
    
Appreciation
  
Counterparty
Obligation
Reference Entity
Rate
Frequency
Date
  
Amount
    
(Depreciation)
  
Clear Street Derivatives, LLC.
Circle Internet Group, Inc.
Receive
 OBFRO1 (C) +125bps
Monthly
8/11/2027
  
$
27,431,862
    
$
(602,888
)
TOTAL RETURN SWAP CONTRACTS
 
 
 
 
     
  
$
27,431,862
    
$
(602,888
)

(A) Effective 7 day yield as of September 30, 2025.
 
 
 
 
 
 
 
 
 
(B) Includes cash which is being held as collateral for total return swap contracts.
 
 
 
 
 
 
 
(C) OBFR01 - Overnight Bank Funding Rate, 4.09% as of September 30, 2025.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 2
    
Level 3
        
 
        
Other
    
Significant
        
 
  
Level 1
    
Significant
    
Unobservable
        
 
  
Quoted Prices
    
Observable Inputs
    
Inputs
    
Total
  
Assets
                        
Money Market Fund
  
$
261,984
    
$
-
    
$
-
    
$
261,984
  
 
  
$
261,984
    
$
-
    
$
-
    
$
261,984
  
Liabilities
                                
Net Unrealized Depreciation of
                                
Total Return Swap Contracts
  
$
-
    
$
(602,888
)
  
$
-
    
$
(602,888
)
 
  
$
-
    
$
(602,888
)
  
$
-
    
$
(602,888
)