|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 1.1%
|
|||||
|
34,038
|
Dreyfus Government Cash Management Fund, Institutional Shares - 3.55% (a)
|
$34,038
|
|||
|
|
(Cost $34,038)
|
|
|||
|
|
Total Investments — 1.1%
|
34,038
|
|||
|
|
(Cost $34,038)
|
|
|||
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
PURCHASED OPTIONS — 159.7%
|
|||||
|
|
Call Options Purchased — 153.8%
|
|
|||
|
44
|
State Street® SPDR® S&P 500® ETF Trust
|
$3,018,356
|
$6.89
|
01/15/27
|
2,960,878
|
|
150
|
State Street® SPDR® S&P 500® ETF Trust
|
10,289,850
|
605.17
|
01/15/27
|
1,721,993
|
|
|
Total Call Options Purchased
|
4,682,871
|
|||
|
|
(Cost $4,853,824)
|
|
|||
|
|
Put Options Purchased — 5.9%
|
|
|||
|
44
|
State Street® SPDR® S&P 500® ETF Trust
|
3,018,356
|
691.63
|
01/15/27
|
180,578
|
|
|
(Cost $165,570)
|
|
|
|
|
|
|
Total Purchased Options
|
4,863,449
|
|||
|
|
(Cost $5,019,394)
|
|
|||
|
WRITTEN OPTIONS — (60.7)%
|
|||||
|
|
Call Options Written — (57.4)%
|
|
|||
|
(150)
|
State Street® SPDR® S&P 500® ETF Trust
|
(10,289,850
)
|
622.46
|
01/15/27
|
(1,518,096
)
|
|
(44)
|
State Street® SPDR® S&P 500® ETF Trust
|
(3,018,356
)
|
691.63
|
01/15/27
|
(229,182
)
|
|
|
Total Call Options Written
|
(1,747,278
)
|
|||
|
|
(Premiums received $1,911,823)
|
|
|||
|
|
Put Options Written — (3.3)%
|
|
|||
|
(44)
|
State Street® SPDR® S&P 500® ETF Trust
|
(3,018,356
)
|
622.46
|
01/15/27
|
(102,519
)
|
|
|
(Premiums received $94,767)
|
|
|
|
|
|
|
Total Written Options
|
(1,849,797
)
|
|||
|
|
(Premiums received $2,006,590)
|
|
|||
|
|
Net Other Assets and Liabilities — (0.1)%
|
(1,891
)
|
|||
|
|
Net Assets — 100.0%
|
$3,045,799
|
|||
|
(a)
|
Rate shown reflects yield as of February 28, 2026.
|
|
ASSETS TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Money Market Funds
|
$34,038
|
$34,038
|
$—
|
$—
|
|
Purchased Options
|
4,863,449
|
—
|
4,863,449
|
—
|
|
Total
|
$4,897,487
|
$34,038
|
$4,863,449
|
$—
|
|
LIABILITIES TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Written Options
|
$(1,849,797
)
|
$—
|
$(1,849,797
)
|
$—
|
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 2.4%
|
|||||
|
162,346
|
Dreyfus Government Cash Management Fund, Institutional Shares - 3.55% (a)
|
$162,346
|
|||
|
|
(Cost $162,346)
|
|
|||
|
|
Total Investments — 2.4%
|
162,346
|
|||
|
|
(Cost $162,346)
|
|
|||
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
PURCHASED OPTIONS — 105.3%
|
|||||
|
|
Call Options Purchased — 105.3%
|
|
|||
|
101
|
State Street® SPDR® S&P 500® ETF Trust
|
$6,928,499
|
$13.83
|
01/15/27
|
6,728,864
|
|
127
|
State Street® SPDR® S&P 500® ETF Trust
|
8,712,073
|
705.49
|
01/15/27
|
553,257
|
|
|
Total Purchased Options
|
7,282,121
|
|||
|
|
(Cost $7,350,778)
|
|
|||
|
WRITTEN OPTIONS — (7.6)%
|
|||||
|
|
Call Options Written — (7.6)%
|
|
|||
|
(101)
|
State Street® SPDR® S&P 500® ETF Trust
|
(6,928,499
)
|
691.66
|
01/15/27
|
(525,885
)
|
|
|
(Premiums received $564,345)
|
|
|
|
|
|
|
Net Other Assets and Liabilities — (0.1)%
|
(3,703
)
|
|||
|
|
Net Assets — 100.0%
|
$6,914,879
|
|||
|
(a)
|
Rate shown reflects yield as of February 28, 2026.
|
|
ASSETS TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Money Market Funds
|
$162,346
|
$162,346
|
$—
|
$—
|
|
Purchased Options
|
7,282,121
|
—
|
7,282,121
|
—
|
|
Total
|
$7,444,467
|
$162,346
|
$7,282,121
|
$—
|
|
LIABILITIES TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Written Options
|
$(525,885
)
|
$—
|
$(525,885
)
|
$—
|
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 1.1%
|
|||||
|
494,065
|
Dreyfus Government Cash Management Fund, Institutional Shares - 3.55% (a)
|
$494,065
|
|||
|
|
(Cost $494,065)
|
|
|||
|
|
Total Investments — 1.1%
|
494,065
|
|||
|
|
(Cost $494,065)
|
|
|||
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
PURCHASED OPTIONS — 122.6%
|
|||||
|
|
Call Options Purchased — 97.9%
|
|
|||
|
638
|
State Street® SPDR® S&P 500® ETF Trust
|
$43,766,162
|
$6.92
|
02/19/27
|
42,959,443
|
|
|
(Cost $43,003,206)
|
|
|
|
|
|
|
Put Options Purchased — 24.7%
|
|
|||
|
2,552
|
State Street® SPDR® S&P 500® ETF Trust
|
175,064,648
|
603.28
|
02/19/27
|
5,465,006
|
|
1,276
|
State Street® SPDR® S&P 500® ETF Trust
|
87,532,324
|
689.46
|
02/19/27
|
5,357,324
|
|
|
Total Put Options Purchased
|
10,822,330
|
|||
|
|
(Cost $10,865,294)
|
|
|||
|
|
Total Purchased Options
|
53,781,773
|
|||
|
|
(Cost $53,868,500)
|
|
|||
|
WRITTEN OPTIONS — (23.7)%
|
|||||
|
|
Call Options Written — (2.3)%
|
|
|||
|
(638)
|
State Street® SPDR® S&P 500® ETF Trust
|
(43,766,162
)
|
774.95
|
02/19/27
|
(996,932
)
|
|
|
(Premiums received $1,049,396)
|
|
|
|
|
|
|
Put Options Written — (21.4)%
|
|
|||
|
(3,828)
|
State Street® SPDR® S&P 500® ETF Trust
|
(262,596,972
)
|
620.52
|
02/19/27
|
(9,402,181
)
|
|
|
(Premiums received $9,434,678)
|
|
|
|
|
|
|
Total Written Options
|
(10,399,113
)
|
|||
|
|
(Premiums received $10,484,074)
|
|
|||
|
|
Net Other Assets and Liabilities — (0.0)%
|
(4,138
)
|
|||
|
|
Net Assets — 100.0%
|
$43,872,587
|
|||
|
(a)
|
Rate shown reflects yield as of February 28, 2026.
|
|
ASSETS TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Money Market Funds
|
$494,065
|
$494,065
|
$—
|
$—
|
|
Purchased Options
|
53,781,773
|
—
|
53,781,773
|
—
|
|
Total
|
$54,275,838
|
$494,065
|
$53,781,773
|
$—
|
|
LIABILITIES TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Written Options
|
$(10,399,113
)
|
$—
|
$(10,399,113
)
|
$—
|
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 0.3%
|
|||||
|
8,132
|
Dreyfus Government Cash Management Fund, Institutional Shares - 3.55% (a)
|
$8,132
|
|||
|
|
(Cost $8,132)
|
|
|||
|
|
Total Investments — 0.3%
|
8,132
|
|||
|
|
(Cost $8,132)
|
|
|||
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
PURCHASED OPTIONS — 119.9%
|
|||||
|
|
Call Options Purchased — 119.8%
|
|
|||
|
448
|
iShares MSCI Emerging Markets ETF
|
$2,803,584
|
$0.45
|
03/20/26
|
2,781,668
|
|
|
(Cost $2,041,560)
|
|
|
|
|
|
|
Put Options Purchased — 0.1%
|
|
|||
|
448
|
iShares MSCI Emerging Markets ETF
|
2,803,584
|
44.58
|
03/20/26
|
1,304
|
|
|
(Cost $118,296)
|
|
|
|
|
|
|
Total Purchased Options
|
2,782,972
|
|||
|
|
(Cost $2,159,856)
|
|
|||
|
WRITTEN OPTIONS — (20.2)%
|
|||||
|
|
Call Options Written — (20.1)%
|
|
|||
|
(448)
|
iShares MSCI Emerging Markets ETF
|
(2,803,584
)
|
52.30
|
03/20/26
|
(467,237
)
|
|
|
(Premiums received $26,184)
|
|
|
|
|
|
|
Put Options Written — (0.1)%
|
|
|||
|
(448)
|
iShares MSCI Emerging Markets ETF
|
(2,803,584
)
|
40.12
|
03/20/26
|
(901
)
|
|
|
(Premiums received $36,039)
|
|
|
|
|
|
|
Total Written Options
|
(468,138
)
|
|||
|
|
(Premiums received $62,223)
|
|
|||
|
|
Net Other Assets and Liabilities — (0.0)%
|
(1,013
)
|
|||
|
|
Net Assets — 100.0%
|
$2,321,953
|
|||
|
(a)
|
Rate shown reflects yield as of February 28, 2026.
|
|
ASSETS TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Money Market Funds
|
$8,132
|
$8,132
|
$—
|
$—
|
|
Purchased Options
|
2,782,972
|
—
|
2,782,972
|
—
|
|
Total
|
$2,791,104
|
$8,132
|
$2,782,972
|
$—
|
|
LIABILITIES TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Written Options
|
$(468,138
)
|
$—
|
$(468,138
)
|
$—
|
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 0.4%
|
|||||
|
26,108
|
Dreyfus Government Cash Management Fund, Institutional Shares - 3.55% (a)
|
$26,108
|
|||
|
|
(Cost $26,108)
|
|
|||
|
|
Total Investments — 0.4%
|
26,108
|
|||
|
|
(Cost $26,108)
|
|
|||
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
PURCHASED OPTIONS — 104.2%
|
|||||
|
|
Call Options Purchased — 104.1%
|
|
|||
|
348
|
Invesco S&P 500® Equal Weight ETF
|
$7,132,956
|
$1.74
|
03/20/26
|
7,066,537
|
|
|
(Cost $5,759,335)
|
|
|
|
|
|
|
Put Options Purchased — 0.1%
|
|
|||
|
348
|
Invesco S&P 500® Equal Weight ETF
|
7,132,956
|
173.84
|
03/20/26
|
7,374
|
|
|
(Cost $478,668)
|
|
|
|
|
|
|
Total Purchased Options
|
7,073,911
|
|||
|
|
(Cost $6,238,003)
|
|
|||
|
WRITTEN OPTIONS — (4.5)%
|
|||||
|
|
Call Options Written — (4.4)%
|
|
|||
|
(348)
|
Invesco S&P 500® Equal Weight ETF
|
(7,132,956
)
|
197.93
|
03/20/26
|
(300,818
)
|
|
|
(Premiums received $53,675)
|
|
|
|
|
|
|
Put Options Written — (0.1)%
|
|
|||
|
(348)
|
Invesco S&P 500® Equal Weight ETF
|
(7,132,956
)
|
156.46
|
03/20/26
|
(2,899
)
|
|
|
(Premiums received $212,604)
|
|
|
|
|
|
|
Total Written Options
|
(303,717
)
|
|||
|
|
(Premiums received $266,279)
|
|
|||
|
|
Net Other Assets and Liabilities — (0.1)%
|
(4,123
)
|
|||
|
|
Net Assets — 100.0%
|
$6,792,179
|
|||
|
(a)
|
Rate shown reflects yield as of February 28, 2026.
|
|
ASSETS TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Money Market Funds
|
$26,108
|
$26,108
|
$—
|
$—
|
|
Purchased Options
|
7,073,911
|
—
|
7,073,911
|
—
|
|
Total
|
$7,100,019
|
$26,108
|
$7,073,911
|
$—
|
|
LIABILITIES TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Written Options
|
$(303,717
)
|
$—
|
$(303,717
)
|
$—
|
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 1.3%
|
|||||
|
97,522
|
Dreyfus Government Cash Management Fund, Institutional Shares - 3.55% (a)
|
$97,522
|
|||
|
|
(Cost $97,522)
|
|
|||
|
|
Total Investments — 1.3%
|
97,522
|
|||
|
|
(Cost $97,522)
|
|
|||
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
PURCHASED OPTIONS — 122.0%
|
|||||
|
|
Call Options Purchased — 122.0%
|
|
|||
|
112
|
State Street® SPDR® S&P 500® ETF Trust
|
$7,683,088
|
$10.53
|
04/17/26
|
7,548,930
|
|
131
|
State Street® SPDR® S&P 500® ETF Trust
|
8,986,469
|
536.94
|
04/17/26
|
1,985,397
|
|
|
Total Purchased Options
|
9,534,327
|
|||
|
|
(Cost $6,823,288)
|
|
|||
|
WRITTEN OPTIONS — (23.2)%
|
|||||
|
|
Call Options Written — (23.2)%
|
|
|||
|
(112)
|
State Street® SPDR® S&P 500® ETF Trust
|
(7,683,088
)
|
526.41
|
04/17/26
|
(1,813,271
)
|
|
|
(Premiums received $716,169)
|
|
|
|
|
|
|
Net Other Assets and Liabilities — (0.1)%
|
(3,933
)
|
|||
|
|
Net Assets — 100.0%
|
$7,814,645
|
|||
|
(a)
|
Rate shown reflects yield as of February 28, 2026.
|
|
ASSETS TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Money Market Funds
|
$97,522
|
$97,522
|
$—
|
$—
|
|
Purchased Options
|
9,534,327
|
—
|
9,534,327
|
—
|
|
Total
|
$9,631,849
|
$97,522
|
$9,534,327
|
$—
|
|
LIABILITIES TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Written Options
|
$(1,813,271
)
|
$—
|
$(1,813,271
)
|
$—
|
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 0.6%
|
|||||
|
13,935
|
Dreyfus Government Cash Management Fund, Institutional Shares - 3.55% (a)
|
$13,935
|
|||
|
|
(Cost $13,935)
|
|
|||
|
|
Total Investments — 0.6%
|
13,935
|
|||
|
|
(Cost $13,935)
|
|
|||
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
PURCHASED OPTIONS — 115.6%
|
|||||
|
|
Call Options Purchased — 115.3%
|
|
|||
|
432
|
iShares MSCI Emerging Markets ETF
|
$2,703,456
|
$0.46
|
06/18/26
|
2,665,487
|
|
|
(Cost $2,014,091)
|
|
|
|
|
|
|
Put Options Purchased — 0.3%
|
|
|||
|
432
|
iShares MSCI Emerging Markets ETF
|
2,703,456
|
46.33
|
06/18/26
|
8,001
|
|
|
(Cost $85,053)
|
|
|
|
|
|
|
Total Purchased Options
|
2,673,488
|
|||
|
|
(Cost $2,099,144)
|
|
|||
|
WRITTEN OPTIONS — (16.1)%
|
|||||
|
|
Call Options Written — (15.9)%
|
|
|||
|
(432)
|
iShares MSCI Emerging Markets ETF
|
(2,703,456
)
|
55.06
|
06/18/26
|
(369,463
)
|
|
|
(Premiums received $37,475)
|
|
|
|
|
|
|
Put Options Written — (0.2)%
|
|
|||
|
(432)
|
iShares MSCI Emerging Markets ETF
|
(2,703,456
)
|
41.70
|
06/18/26
|
(4,251
)
|
|
|
(Premiums received $41,279)
|
|
|
|
|
|
|
Total Written Options
|
(373,714
)
|
|||
|
|
(Premiums received $78,754)
|
|
|||
|
|
Net Other Assets and Liabilities — (0.1)%
|
(1,454
)
|
|||
|
|
Net Assets — 100.0%
|
$2,312,255
|
|||
|
(a)
|
Rate shown reflects yield as of February 28, 2026.
|
|
ASSETS TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Money Market Funds
|
$13,935
|
$13,935
|
$—
|
$—
|
|
Purchased Options
|
2,673,488
|
—
|
2,673,488
|
—
|
|
Total
|
$2,687,423
|
$13,935
|
$2,673,488
|
$—
|
|
LIABILITIES TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Written Options
|
$(373,714
)
|
$—
|
$(373,714
)
|
$—
|
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 0.6%
|
|||||
|
96,532
|
Dreyfus Government Cash Management Fund, Institutional Shares - 3.55% (a)
|
$96,532
|
|||
|
|
(Cost $96,532)
|
|
|||
|
|
Total Investments — 0.6%
|
96,532
|
|||
|
|
(Cost $96,532)
|
|
|||
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
PURCHASED OPTIONS — 103.9%
|
|||||
|
|
Call Options Purchased — 103.0%
|
|
|||
|
904
|
Invesco S&P 500® Equal Weight ETF
|
$18,529,288
|
$1.78
|
06/18/26
|
18,284,937
|
|
|
(Cost $15,854,138)
|
|
|
|
|
|
|
Put Options Purchased — 0.9%
|
|
|||
|
904
|
Invesco S&P 500® Equal Weight ETF
|
18,529,288
|
177.65
|
06/18/26
|
162,829
|
|
|
(Cost $817,717)
|
|
|
|
|
|
|
Total Purchased Options
|
18,447,766
|
|||
|
|
(Cost $16,671,855)
|
|
|||
|
WRITTEN OPTIONS — (4.4)%
|
|||||
|
|
Call Options Written — (4.0)%
|
|
|||
|
(904)
|
Invesco S&P 500® Equal Weight ETF
|
(18,529,288
)
|
205.70
|
06/18/26
|
(706,449
)
|
|
|
(Premiums received $172,163)
|
|
|
|
|
|
|
Put Options Written — (0.4)%
|
|
|||
|
(904)
|
Invesco S&P 500® Equal Weight ETF
|
(18,529,288
)
|
159.89
|
06/18/26
|
(79,290
)
|
|
|
(Premiums received $403,011)
|
|
|
|
|
|
|
Total Written Options
|
(785,739
)
|
|||
|
|
(Premiums received $575,174)
|
|
|||
|
|
Net Other Assets and Liabilities — (0.1)%
|
(9,213
)
|
|||
|
|
Net Assets — 100.0%
|
$17,749,346
|
|||
|
(a)
|
Rate shown reflects yield as of February 28, 2026.
|
|
ASSETS TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Money Market Funds
|
$96,532
|
$96,532
|
$—
|
$—
|
|
Purchased Options
|
18,447,766
|
—
|
18,447,766
|
—
|
|
Total
|
$18,544,298
|
$96,532
|
$18,447,766
|
$—
|
|
LIABILITIES TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Written Options
|
$(785,739
)
|
$—
|
$(785,739
)
|
$—
|
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 1.7%
|
|||||
|
109,846
|
Dreyfus Government Cash Management Fund, Institutional Shares - 3.55% (a)
|
$109,846
|
|||
|
|
(Cost $109,846)
|
|
|||
|
|
Total Investments — 1.7%
|
109,846
|
|||
|
|
(Cost $109,846)
|
|
|||
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
PURCHASED OPTIONS — 109.6%
|
|||||
|
|
Call Options Purchased — 109.6%
|
|
|||
|
96
|
State Street® SPDR® S&P 500® ETF Trust
|
$6,585,504
|
$12.55
|
07/17/26
|
6,435,827
|
|
120
|
State Street® SPDR® S&P 500® ETF Trust
|
8,231,880
|
640.13
|
07/17/26
|
802,577
|
|
|
Total Purchased Options
|
7,238,404
|
|||
|
|
(Cost $6,561,677)
|
|
|||
|
WRITTEN OPTIONS — (11.2)%
|
|||||
|
|
Call Options Written — (11.2)%
|
|
|||
|
(96)
|
State Street® SPDR® S&P 500® ETF Trust
|
(6,585,504
)
|
627.58
|
07/17/26
|
(741,718
)
|
|
|
(Premiums received $535,291)
|
|
|
|
|
|
|
Net Other Assets and Liabilities — (0.1)%
|
(4,096
)
|
|||
|
|
Net Assets — 100.0%
|
$6,602,436
|
|||
|
(a)
|
Rate shown reflects yield as of February 28, 2026.
|
|
ASSETS TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Money Market Funds
|
$109,846
|
$109,846
|
$—
|
$—
|
|
Purchased Options
|
7,238,404
|
—
|
7,238,404
|
—
|
|
Total
|
$7,348,250
|
$109,846
|
$7,238,404
|
$—
|
|
LIABILITIES TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Written Options
|
$(741,718
)
|
$—
|
$(741,718
)
|
$—
|
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 0.8%
|
|||||
|
177,006
|
Dreyfus Government Cash Management Fund, Institutional Shares - 3.55% (a)
|
$177,006
|
|||
|
|
(Cost $177,006)
|
|
|||
|
|
Total Investments — 0.8%
|
177,006
|
|||
|
|
(Cost $177,006)
|
|
|||
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
PURCHASED OPTIONS — 110.7%
|
|||||
|
|
Call Options Purchased — 98.8%
|
|
|||
|
322
|
State Street® SPDR® S&P 500® ETF Trust
|
$22,088,878
|
$6.67
|
08/21/26
|
21,781,532
|
|
|
(Cost $21,270,734)
|
|
|
|
|
|
|
Put Options Purchased — 11.9%
|
|
|||
|
1,288
|
State Street® SPDR® S&P 500® ETF Trust
|
88,355,512
|
580.74
|
08/21/26
|
1,191,027
|
|
644
|
State Street® SPDR® S&P 500® ETF Trust
|
44,177,756
|
663.73
|
08/21/26
|
1,424,734
|
|
|
Total Put Options Purchased
|
2,615,761
|
|||
|
|
(Cost $4,078,344)
|
|
|||
|
|
Total Purchased Options
|
24,397,293
|
|||
|
|
(Cost $25,349,078)
|
|
|||
|
WRITTEN OPTIONS — (11.4)%
|
|||||
|
|
Call Options Written — (1.8)%
|
|
|||
|
(322)
|
State Street® SPDR® S&P 500® ETF Trust
|
(22,088,878
)
|
734.38
|
08/21/26
|
(401,466
)
|
|
|
(Premiums received $563,291)
|
|
|
|
|
|
|
Put Options Written — (9.6)%
|
|
|||
|
(1,932)
|
State Street® SPDR® S&P 500® ETF Trust
|
(132,533,268
)
|
597.34
|
08/21/26
|
(2,121,433
)
|
|
|
(Premiums received $3,356,436)
|
|
|
|
|
|
|
Total Written Options
|
(2,522,899
)
|
|||
|
|
(Premiums received $3,919,727)
|
|
|||
|
|
Net Other Assets and Liabilities — (0.1)%
|
(12,244
)
|
|||
|
|
Net Assets — 100.0%
|
$22,039,156
|
|||
|
(a)
|
Rate shown reflects yield as of February 28, 2026.
|
|
ASSETS TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Money Market Funds
|
$177,006
|
$177,006
|
$—
|
$—
|
|
Purchased Options
|
24,397,293
|
—
|
24,397,293
|
—
|
|
Total
|
$24,574,299
|
$177,006
|
$24,397,293
|
$—
|
|
LIABILITIES TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Written Options
|
$(2,522,899
)
|
$—
|
$(2,522,899
)
|
$—
|
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 0.9%
|
|||||
|
122,306
|
Dreyfus Government Cash Management Fund, Institutional Shares - 3.55% (a)
|
$122,306
|
|||
|
|
(Cost $122,306)
|
|
|||
|
|
Total Investments — 0.9%
|
122,306
|
|||
|
|
(Cost $122,306)
|
|
|||
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
PURCHASED OPTIONS — 108.3%
|
|||||
|
|
Call Options Purchased — 106.6%
|
|
|||
|
2,397
|
iShares MSCI Emerging Markets ETF
|
$15,000,426
|
$0.53
|
09/18/26
|
14,787,980
|
|
|
(Cost $12,767,698)
|
|
|
|
|
|
|
Put Options Purchased — 1.7%
|
|
|||
|
2,397
|
iShares MSCI Emerging Markets ETF
|
15,000,426
|
53.01
|
09/18/26
|
243,583
|
|
|
(Cost $721,481)
|
|
|
|
|
|
|
Total Purchased Options
|
15,031,563
|
|||
|
|
(Cost $13,489,179)
|
|
|||
|
WRITTEN OPTIONS — (9.1)%
|
|||||
|
|
Call Options Written — (8.2)%
|
|
|||
|
(2,397)
|
iShares MSCI Emerging Markets ETF
|
(15,000,426
)
|
62.12
|
09/18/26
|
(1,146,077
)
|
|
|
(Premiums received $238,573)
|
|
|
|
|
|
|
Put Options Written — (0.9)%
|
|
|||
|
(2,397)
|
iShares MSCI Emerging Markets ETF
|
(15,000,426
)
|
47.71
|
09/18/26
|
(121,792
)
|
|
|
(Premiums received $307,837)
|
|
|
|
|
|
|
Total Written Options
|
(1,267,869
)
|
|||
|
|
(Premiums received $546,410)
|
|
|||
|
|
Net Other Assets and Liabilities — (0.1)%
|
(10,240
)
|
|||
|
|
Net Assets — 100.0%
|
$13,875,760
|
|||
|
(a)
|
Rate shown reflects yield as of February 28, 2026.
|
|
ASSETS TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Money Market Funds
|
$122,306
|
$122,306
|
$—
|
$—
|
|
Purchased Options
|
15,031,563
|
—
|
15,031,563
|
—
|
|
Total
|
$15,153,869
|
$122,306
|
$15,031,563
|
$—
|
|
LIABILITIES TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Written Options
|
$(1,267,869
)
|
$—
|
$(1,267,869
)
|
$—
|
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 0.8%
|
|||||
|
293,394
|
Dreyfus Government Cash Management Fund, Institutional Shares - 3.55% (a)
|
$293,394
|
|||
|
|
(Cost $293,394)
|
|
|||
|
|
Total Investments — 0.8%
|
293,394
|
|||
|
|
(Cost $293,394)
|
|
|||
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
PURCHASED OPTIONS — 103.3%
|
|||||
|
|
Call Options Purchased — 100.8%
|
|
|||
|
1,836
|
Invesco S&P 500® Equal Weight ETF
|
$37,632,492
|
$1.89
|
09/18/26
|
36,997,988
|
|
|
(Cost $34,622,050)
|
|
|
|
|
|
|
Put Options Purchased — 2.5%
|
|
|||
|
1,836
|
Invesco S&P 500® Equal Weight ETF
|
37,632,492
|
189.21
|
09/18/26
|
926,556
|
|
|
(Cost $1,564,220)
|
|
|
|
|
|
|
Total Purchased Options
|
37,924,544
|
|||
|
|
(Cost $36,186,270)
|
|
|||
|
WRITTEN OPTIONS — (4.0)%
|
|||||
|
|
Call Options Written — (2.7)%
|
|
|||
|
(1,836)
|
Invesco S&P 500® Equal Weight ETF
|
(37,632,492
)
|
216.78
|
09/18/26
|
(1,012,793
)
|
|
|
(Premiums received $173,467)
|
|
|
|
|
|
|
Put Options Written — (1.3)%
|
|
|||
|
(1,836)
|
Invesco S&P 500® Equal Weight ETF
|
(37,632,492
)
|
170.29
|
09/18/26
|
(474,532
)
|
|
|
(Premiums received $967,538)
|
|
|
|
|
|
|
Total Written Options
|
(1,487,325
)
|
|||
|
|
(Premiums received $1,141,005)
|
|
|||
|
|
Net Other Assets and Liabilities — (0.1)%
|
(22,659
)
|
|||
|
|
Net Assets — 100.0%
|
$36,707,954
|
|||
|
(a)
|
Rate shown reflects yield as of February 28, 2026.
|
|
ASSETS TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Money Market Funds
|
$293,394
|
$293,394
|
$—
|
$—
|
|
Purchased Options
|
37,924,544
|
—
|
37,924,544
|
—
|
|
Total
|
$38,217,938
|
$293,394
|
$37,924,544
|
$—
|
|
LIABILITIES TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Written Options
|
$(1,487,325
)
|
$—
|
$(1,487,325
)
|
$—
|
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 0.9%
|
|||||
|
28,029
|
Dreyfus Government Cash Management Fund, Institutional Shares - 3.55% (a)
|
$28,029
|
|||
|
|
(Cost $28,029)
|
|
|||
|
|
Total Investments — 0.9%
|
28,029
|
|||
|
|
(Cost $28,029)
|
|
|||
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
PURCHASED OPTIONS — 168.1%
|
|||||
|
|
Call Options Purchased — 164.2%
|
|
|||
|
46
|
State Street® SPDR® S&P 500® ETF Trust
|
$3,155,554
|
$6.61
|
10/16/26
|
3,104,838
|
|
162
|
State Street® SPDR® S&P 500® ETF Trust
|
11,113,038
|
581.31
|
10/16/26
|
2,050,860
|
|
|
Total Call Options Purchased
|
5,155,698
|
|||
|
|
(Cost $5,050,069)
|
|
|||
|
|
Put Options Purchased — 3.9%
|
|
|||
|
46
|
State Street® SPDR® S&P 500® ETF Trust
|
3,155,554
|
664.36
|
10/16/26
|
123,618
|
|
|
(Cost $164,446)
|
|
|
|
|
|
|
Total Purchased Options
|
5,279,316
|
|||
|
|
(Cost $5,214,515)
|
|
|||
|
WRITTEN OPTIONS — (68.9)%
|
|||||
|
|
Call Options Written — (66.8)%
|
|
|||
|
(162)
|
State Street® SPDR® S&P 500® ETF Trust
|
(11,113,038
)
|
597.92
|
10/16/26
|
(1,822,199
)
|
|
(46)
|
State Street® SPDR® S&P 500® ETF Trust
|
(3,155,554
)
|
664.36
|
10/16/26
|
(276,744
)
|
|
|
Total Call Options Written
|
(2,098,943
)
|
|||
|
|
(Premiums received $2,081,781)
|
|
|||
|
|
Put Options Written — (2.1)%
|
|
|||
|
(46)
|
State Street® SPDR® S&P 500® ETF Trust
|
(3,155,554
)
|
597.92
|
10/16/26
|
(66,133
)
|
|
|
(Premiums received $94,987)
|
|
|
|
|
|
|
Total Written Options
|
(2,165,076
)
|
|||
|
|
(Premiums received $2,176,768)
|
|
|||
|
|
Net Other Assets and Liabilities — (0.1)%
|
(1,966
)
|
|||
|
|
Net Assets — 100.0%
|
$3,140,303
|
|||
|
(a)
|
Rate shown reflects yield as of February 28, 2026.
|
|
ASSETS TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Money Market Funds
|
$28,029
|
$28,029
|
$—
|
$—
|
|
Purchased Options
|
5,279,316
|
—
|
5,279,316
|
—
|
|
Total
|
$5,307,345
|
$28,029
|
$5,279,316
|
$—
|
|
LIABILITIES TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Written Options
|
$(2,165,076
)
|
$—
|
$(2,165,076
)
|
$—
|
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 2.1%
|
|||||
|
516,773
|
Dreyfus Government Cash Management Fund, Institutional Shares - 3.55% (a)
|
$516,773
|
|||
|
|
(Cost $516,773)
|
|
|||
|
|
Total Investments — 2.1%
|
516,773
|
|||
|
|
(Cost $516,773)
|
|
|||
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
PURCHASED OPTIONS — 106.8%
|
|||||
|
|
Call Options Purchased — 106.8%
|
|
|||
|
365
|
State Street® SPDR® S&P 500® ETF Trust
|
$25,038,635
|
$13.29
|
10/16/26
|
24,398,352
|
|
446
|
State Street® SPDR® S&P 500® ETF Trust
|
30,595,154
|
677.68
|
10/16/26
|
2,264,552
|
|
|
Total Purchased Options
|
26,662,904
|
|||
|
|
(Cost $25,955,836)
|
|
|||
|
WRITTEN OPTIONS — (8.8)%
|
|||||
|
|
Call Options Written — (8.8)%
|
|
|||
|
(365)
|
State Street® SPDR® S&P 500® ETF Trust
|
(25,038,635
)
|
664.39
|
10/16/26
|
(2,195,114
)
|
|
|
(Premiums received $2,133,150)
|
|
|
|
|
|
|
Net Other Assets and Liabilities — (0.1)%
|
(15,457
)
|
|||
|
|
Net Assets — 100.0%
|
$24,969,106
|
|||
|
(a)
|
Rate shown reflects yield as of February 28, 2026.
|
|
ASSETS TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Money Market Funds
|
$516,773
|
$516,773
|
$—
|
$—
|
|
Purchased Options
|
26,662,904
|
—
|
26,662,904
|
—
|
|
Total
|
$27,179,677
|
$516,773
|
$26,662,904
|
$—
|
|
LIABILITIES TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Written Options
|
$(2,195,114
)
|
$—
|
$(2,195,114
)
|
$—
|
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 0.9%
|
|||||
|
163,513
|
Dreyfus Government Cash Management Fund, Institutional Shares - 3.55% (a)
|
$163,513
|
|||
|
|
(Cost $163,513)
|
|
|||
|
|
Total Investments — 0.9%
|
163,513
|
|||
|
|
(Cost $163,513)
|
|
|||
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
PURCHASED OPTIONS — 115.1%
|
|||||
|
|
Call Options Purchased — 99.1%
|
|
|||
|
253
|
State Street® SPDR® S&P 500® ETF Trust
|
$17,355,547
|
$6.62
|
11/20/26
|
17,081,371
|
|
|
(Cost $16,913,331)
|
|
|
|
|
|
|
Put Options Purchased — 16.0%
|
|
|||
|
1,012
|
State Street® SPDR® S&P 500® ETF Trust
|
69,422,188
|
576.68
|
11/20/26
|
1,351,566
|
|
506
|
State Street® SPDR® S&P 500® ETF Trust
|
34,711,094
|
659.06
|
11/20/26
|
1,406,564
|
|
|
Total Put Options Purchased
|
2,758,130
|
|||
|
|
(Cost $3,192,551)
|
|
|||
|
|
Total Purchased Options
|
19,839,501
|
|||
|
|
(Cost $20,105,882)
|
|
|||
|
WRITTEN OPTIONS — (15.9)%
|
|||||
|
|
Call Options Written — (2.3)%
|
|
|||
|
(253)
|
State Street® SPDR® S&P 500® ETF Trust
|
(17,355,547
)
|
751.13
|
11/20/26
|
(399,292
)
|
|
|
(Premiums received $509,499)
|
|
|
|
|
|
|
Put Options Written — (13.6)%
|
|
|||
|
(1,518)
|
State Street® SPDR® S&P 500® ETF Trust
|
(104,133,282
)
|
593.16
|
11/20/26
|
(2,350,335
)
|
|
|
(Premiums received $2,748,772)
|
|
|
|
|
|
|
Total Written Options
|
(2,749,627
)
|
|||
|
|
(Premiums received $3,258,271)
|
|
|||
|
|
Net Other Assets and Liabilities — (0.1)%
|
(9,596
)
|
|||
|
|
Net Assets — 100.0%
|
$17,243,791
|
|||
|
(a)
|
Rate shown reflects yield as of February 28, 2026.
|
|
ASSETS TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Money Market Funds
|
$163,513
|
$163,513
|
$—
|
$—
|
|
Purchased Options
|
19,839,501
|
—
|
19,839,501
|
—
|
|
Total
|
$20,003,014
|
$163,513
|
$19,839,501
|
$—
|
|
LIABILITIES TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Written Options
|
$(2,749,627
)
|
$—
|
$(2,749,627
)
|
$—
|
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 1.1%
|
|||||
|
109,886
|
Dreyfus Government Cash Management Fund, Institutional Shares - 3.55% (a)
|
$109,886
|
|||
|
|
(Cost $109,886)
|
|
|||
|
|
Total Investments — 1.1%
|
109,886
|
|||
|
|
(Cost $109,886)
|
|
|||
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
PURCHASED OPTIONS — 108.7%
|
|||||
|
|
Call Options Purchased — 105.6%
|
|
|||
|
1,769
|
iShares MSCI Emerging Markets ETF
|
$11,070,402
|
$0.54
|
12/18/26
|
10,840,326
|
|
|
(Cost $10,330,817)
|
|
|
|
|
|
|
Put Options Purchased — 3.1%
|
|
|||
|
1,769
|
iShares MSCI Emerging Markets ETF
|
11,070,402
|
53.72
|
12/18/26
|
319,888
|
|
|
(Cost $456,396)
|
|
|
|
|
|
|
Total Purchased Options
|
11,160,214
|
|||
|
|
(Cost $10,787,213)
|
|
|||
|
WRITTEN OPTIONS — (9.8)%
|
|||||
|
|
Call Options Written — (8.0)%
|
|
|||
|
(1,769)
|
iShares MSCI Emerging Markets ETF
|
(11,070,402
)
|
64.35
|
12/18/26
|
(813,563
)
|
|
|
(Premiums received $378,726)
|
|
|
|
|
|
|
Put Options Written — (1.8)%
|
|
|||
|
(1,769)
|
iShares MSCI Emerging Markets ETF
|
(11,070,402
)
|
48.35
|
12/18/26
|
(185,550
)
|
|
|
(Premiums received $190,815)
|
|
|
|
|
|
|
Total Written Options
|
(999,113
)
|
|||
|
|
(Premiums received $569,541)
|
|
|||
|
|
Net Other Assets and Liabilities — (0.0)%
|
(4,708
)
|
|||
|
|
Net Assets — 100.0%
|
$10,266,279
|
|||
|
(a)
|
Rate shown reflects yield as of February 28, 2026.
|
|
ASSETS TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Money Market Funds
|
$109,886
|
$109,886
|
$—
|
$—
|
|
Purchased Options
|
11,160,214
|
—
|
11,160,214
|
—
|
|
Total
|
$11,270,100
|
$109,886
|
$11,160,214
|
$—
|
|
LIABILITIES TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Written Options
|
$(999,113
)
|
$—
|
$(999,113
)
|
$—
|
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 1.0%
|
|||||
|
787,775
|
Dreyfus Government Cash Management Fund, Institutional Shares - 3.55% (a)
|
$787,775
|
|||
|
|
(Cost $787,775)
|
|
|||
|
|
Total Investments — 1.0%
|
787,775
|
|||
|
|
(Cost $787,775)
|
|
|||
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
PURCHASED OPTIONS — 104.1%
|
|||||
|
|
Call Options Purchased — 100.4%
|
|
|||
|
3,851
|
Invesco S&P 500® Equal Weight ETF
|
$78,933,947
|
$1.93
|
12/18/26
|
77,249,443
|
|
|
(Cost $73,384,357)
|
|
|
|
|
|
|
Put Options Purchased — 3.7%
|
|
|||
|
3,851
|
Invesco S&P 500® Equal Weight ETF
|
78,933,947
|
192.88
|
12/18/26
|
2,836,184
|
|
|
(Cost $3,705,273)
|
|
|
|
|
|
|
Total Purchased Options
|
80,085,627
|
|||
|
|
(Cost $77,089,630)
|
|
|||
|
WRITTEN OPTIONS — (5.0)%
|
|||||
|
|
Call Options Written — (2.9)%
|
|
|||
|
(3,851)
|
Invesco S&P 500® Equal Weight ETF
|
(78,933,947
)
|
221.46
|
12/18/26
|
(2,240,165
)
|
|
|
(Premiums received $1,085,592)
|
|
|
|
|
|
|
Put Options Written — (2.1)%
|
|
|||
|
(3,851)
|
Invesco S&P 500® Equal Weight ETF
|
(78,933,947
)
|
173.59
|
12/18/26
|
(1,601,631
)
|
|
|
(Premiums received $1,938,835)
|
|
|
|
|
|
|
Total Written Options
|
(3,841,796
)
|
|||
|
|
(Premiums received $3,024,427)
|
|
|||
|
|
Net Other Assets and Liabilities — (0.1)%
|
(46,317
)
|
|||
|
|
Net Assets — 100.0%
|
$76,985,289
|
|||
|
(a)
|
Rate shown reflects yield as of February 28, 2026.
|
|
ASSETS TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Money Market Funds
|
$787,775
|
$787,775
|
$—
|
$—
|
|
Purchased Options
|
80,085,627
|
—
|
80,085,627
|
—
|
|
Total
|
$80,873,402
|
$787,775
|
$80,085,627
|
$—
|
|
LIABILITIES TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Written Options
|
$(3,841,796
)
|
$—
|
$(3,841,796
)
|
$—
|
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 1.0%
|
|||||
|
738,397
|
Dreyfus Government Cash Management Fund, Institutional Shares - 3.55% (a)
|
$738,397
|
|||
|
|
(Cost $738,397)
|
|
|||
|
|
Total Investments — 1.0%
|
738,397
|
|||
|
|
(Cost $738,397)
|
|
|||
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
PURCHASED OPTIONS — 99.7%
|
|||||
|
|
Call Options Purchased — 98.0%
|
|
|||
|
1,049
|
State Street® SPDR® S&P 500® ETF Trust
|
$71,960,351
|
$6.92
|
04/17/26
|
71,080,167
|
|
|
(Cost $71,494,373)
|
|
|
|
|
|
|
Put Options Purchased — 1.7%
|
|
|||
|
1,049
|
State Street® SPDR® S&P 500® ETF Trust
|
71,960,351
|
674.37
|
04/17/26
|
1,208,028
|
|
|
(Cost $1,453,948)
|
|
|
|
|
|
|
Total Purchased Options
|
72,288,195
|
|||
|
|
(Cost $72,948,321)
|
|
|||
|
WRITTEN OPTIONS — (0.6)%
|
|||||
|
|
Call Options Written — (0.3)%
|
|
|||
|
(1,049)
|
State Street® SPDR® S&P 500® ETF Trust
|
(71,960,351
)
|
719.40
|
04/17/26
|
(238,197
)
|
|
|
(Premiums received $823,228)
|
|
|
|
|
|
|
Put Options Written — (0.3)%
|
|
|||
|
(1,049)
|
State Street® SPDR® S&P 500® ETF Trust
|
(71,960,351
)
|
587.91
|
04/17/26
|
(230,979
)
|
|
|
(Premiums received $385,290)
|
|
|
|
|
|
|
Total Written Options
|
(469,176
)
|
|||
|
|
(Premiums received $1,208,518)
|
|
|||
|
|
Net Other Assets and Liabilities — (0.1)%
|
(44,781
)
|
|||
|
|
Net Assets — 100.0%
|
$72,512,635
|
|||
|
(a)
|
Rate shown reflects yield as of February 28, 2026.
|
|
ASSETS TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Money Market Funds
|
$738,397
|
$738,397
|
$—
|
$—
|
|
Purchased Options
|
72,288,195
|
—
|
72,288,195
|
—
|
|
Total
|
$73,026,592
|
$738,397
|
$72,288,195
|
$—
|
|
LIABILITIES TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Written Options
|
$(469,176
)
|
$—
|
$(469,176
)
|
$—
|
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 1.1%
|
|||||
|
803,250
|
Dreyfus Government Cash Management Fund, Institutional Shares - 3.55% (a)
|
$803,250
|
|||
|
|
(Cost $803,250)
|
|
|||
|
|
Total Investments — 1.1%
|
803,250
|
|||
|
|
(Cost $803,250)
|
|
|||
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
PURCHASED OPTIONS — 101.3%
|
|||||
|
|
Call Options Purchased — 98.4%
|
|
|||
|
1,077
|
State Street® SPDR® S&P 500® ETF Trust
|
$73,881,123
|
$6.89
|
05/15/26
|
72,987,622
|
|
|
(Cost $73,369,869)
|
|
|
|
|
|
|
Put Options Purchased — 2.9%
|
|
|||
|
1,077
|
State Street® SPDR® S&P 500® ETF Trust
|
73,881,123
|
689.43
|
05/15/26
|
2,123,812
|
|
|
(Cost $2,154,322)
|
|
|
|
|
|
|
Total Purchased Options
|
75,111,434
|
|||
|
|
(Cost $75,524,191)
|
|
|||
|
WRITTEN OPTIONS — (2.3)%
|
|||||
|
|
Call Options Written — (1.1)%
|
|
|||
|
(1,077)
|
State Street® SPDR® S&P 500® ETF Trust
|
(73,881,123
)
|
715.56
|
05/15/26
|
(788,299
)
|
|
|
(Premiums received $807,428)
|
|
|
|
|
|
|
Put Options Written — (1.2)%
|
|
|||
|
(1,077)
|
State Street® SPDR® S&P 500® ETF Trust
|
(73,881,123
)
|
637.72
|
05/15/26
|
(894,610
)
|
|
|
(Premiums received $1,230,689)
|
|
|
|
|
|
|
Total Written Options
|
(1,682,909
)
|
|||
|
|
(Premiums received $2,038,117)
|
|
|||
|
|
Net Other Assets and Liabilities — (0.1)%
|
(50,670
)
|
|||
|
|
Net Assets — 100.0%
|
$74,181,105
|
|||
|
(a)
|
Rate shown reflects yield as of February 28, 2026.
|
|
ASSETS TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Money Market Funds
|
$803,250
|
$803,250
|
$—
|
$—
|
|
Purchased Options
|
75,111,434
|
—
|
75,111,434
|
—
|
|
Total
|
$75,914,684
|
$803,250
|
$75,111,434
|
$—
|
|
LIABILITIES TABLE
|
||||
|
|
Total
Value at
2/28/2026
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Written Options
|
$(1,682,909
)
|
$—
|
$(1,682,909
)
|
$—
|