Pinnacle Focused Opportunities ETF

Schedule of Investments

as of February 29, 2024 (Unaudited)

COMMON STOCKS - 99.7%	Shares		Value
Apparel - 3.5%
Deckers Outdoor Corp.(a)		959	$	858,871
Biotechnology - 3.9%
Apellis Pharmaceuticals, Inc.(a)		15,633		968,777
Commercial Services - 3.7%
Affirm Holdings, Inc. - Class A(a)		24,616		923,592
Computers - 9.8%
Crowdstrike Holdings, Inc. - Class A(a)		3,252		1,054,136
International Business Machines Corp.		3,059		566,007
Kyndryl Holdings, Inc.(a)		35,872		788,108
				2,408,251
Electric - 6.2%
NRG Energy, Inc.		10,591		585,894
Vistra Corp.		17,260		941,361
				1,527,255
Electrical Components & Equipment - 2.4%
Acuity Brands, Inc.		2,389		600,212
Insurance - 5.8%
Assured Guaranty Ltd.		7,067		647,337
The Progressive Corp.		4,164		789,328
				1,436,665
Internet - 4.6%
GoDaddy, Inc. - Class A(a)		5,299		604,881
Palo Alto Networks, Inc.(a)		1,686		523,587
				1,128,468
Iron & Steel - 4.0%
United States Steel Corp.		20,999		994,093
Machinery - Construction & Mining - 4.5%
Vertiv Holdings Co. - Class A		16,502		1,115,865
Machinery - Diversified - 2.9%
Crane Co.		5,936		721,580
Pharmaceuticals - 3.5%
Eli Lilly & Co.		1,133		853,919
Private Equity - 3.4%
KKR & Co., Inc.		8,474		832,655
Retail - 8.7%
The Gap, Inc.		50,349		953,610
Wingstop, Inc.		3,408		1,196,378
				2,149,988

Semiconductors - 8.0%
Advanced Micro Devices, Inc.(a)	3,353		645,553
Broadcom, Inc.	475		617,733
NVIDIA Corp.	907		717,546
			1,980,832
Software - 20.6%
Elastic NV(a)	8,189		1,095,770
Fair Isaac Corp.(a)	600		761,946
Gitlab, Inc. - Class A(a)	10,264		740,240
Informatica, Inc. - Class A(a)	24,137		786,383
Nutanix, Inc. - Class A(a)	17,038		1,076,121
SentinelOne, Inc. - Class A(a)	20,901		588,781
			5,049,241
Telecommunications - 4.2%
Arista Networks, Inc.(a)	3,709		1,029,396
TOTAL COMMON STOCKS (Cost $20,974,761)			24,579,660
SHORT-TERM INVESTMENTS - 0.3%
Money Market Funds - 0.3%
First American Government Obligations Fund - Class X, 5.23%(b)	70,038		70,038
TOTAL SHORT-TERM INVESTMENTS (Cost $70,038)			70,038
TOTAL INVESTMENTS - 100.0% (Cost $21,044,799)		$	24,649,698
Liabilities in Excess of Other Assets - 0.0%(c)			(4,319	)
TOTAL NET ASSETS - 100.0%		$	24,645,379

Percentages are stated as a percent of net assets.

(a)	Non-income producing security.
(b)	The rate shown represents the 7-day effective yield as of February 29, 2024.
(c)	Represents less than 0.05% of net assets.

Summary of Fair Value Exposure at February 29, 2024 (Unaudited)

The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are:

• Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

• Level 2 — Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment spreads, credit risk, yield curves, default rates and similar data.

• Level 3 — Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The following is a summary of the inputs used to value the Fund's investments as of February 29, 2024:

Pinnacle Focused Opportunities ETF

	Level 1		Level 2		Level 3		Total
Assets:
Common Stocks	$	24,579,660	$	—	$	—	$	24,579,660
Money Market Funds		70,038		—		—		70,038
Total Assets	$	24,649,698	$	—	$	—	$	24,649,698

Refer to the Schedule of Investments for industry classifications.