NPORT-EX 2 longmstr-soi.htm

 

T-REX 2X LONG MSTR DAILY TARGET ETF

 

Schedule of Investments May 31, 2025  (unaudited)

 

Other Assets In Excess of Liabilities - 100.00% (a)  $1,637,823,619 
      
TOTAL NET ASSETS - 100.00%  $1,637,823,619 

 

SWAP CONTRACTS

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  Clear Street Derivatives LLC  Equity Pay  (OBFR01(b)  +1500bps   Quarterly    10/20/2026   $888,104,170   $356,747,538 
Cantor Fitzgerald Secured LLC  Cantor Fitzgerald
Secured LLC		  Equity Pay  (OBFR01(b)  +1950bps   Monthly    10/17/2025   $1,172,585,718   $620,112,643 
Marex Prime Services  Marex Prime Services  Equity Pay   (OBFR01(b)  +1,000bps   Monthly    11/3/2025   $271,044,453   $(1,301,333)
Natixis  Natixis  Equity Pay   (OBFR01(b)  +800bps   Monthly    5/22/2026   $98,035,802   $528,398 
TOTAL RETURN SWAP CONTRACTS                     $2,429,770,143   $976,087,246 

 

(a) Includes cash which is being held as collateral for total return swap contracts.

(b) OBFR01 - Overnight Bank Funding Rate, 4.33% as of May 31, 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 May 31, 2025:

 

   Level 1   Level 2   Level 3 
       Other   Significant 
       Significant   Unobservable 
   Quoted Prices   Observable Inputs   Inputs 
Total Return Swap Contracts       $976,087,246