1
QUARTERLY REPORT
REX AI EQUITY PREMIUM INCOME ETF
Schedule of InvestmentsFebruary 28, 2026 (unaudited)
|
|
|
|
|
Shares |
|
Value |
|
|
99.28% |
|
COMMON STOCKS(A) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6.25% |
|
APPLICATIONS SOFTWARE |
|
|
|
|
|
|
|
|
Microsoft Corp. |
|
28,582 |
|
$11,225,295 |
|
|
|
|
ServiceNow, Inc.(B) |
|
113,806 |
|
12,292,186 |
|
|
|
|
|
|
|
|
23,517,481 |
|
|
|
|
|
|
|
|
|
|
|
2.96% |
|
COMPUTER AIDED DESIGN |
|
|
|
|
|
|
|
|
Synopsys, Inc.(B) |
|
26,864 |
|
11,121,696 |
|
|
|
|
|
|
|
|
|
|
|
9.56% |
|
COMPUTER DATA SECURITY |
|
|
|
|
|
|
|
|
CrowdStrike Holdings, Inc.(B) |
|
96,623 |
|
35,941,823 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.45% |
|
COMPUTER SERVICES |
|
|
|
|
|
|
|
|
International Business Machines Corp. |
|
38,354 |
|
9,213,014 |
|
|
|
|
|
|
|
|
|
|
|
5.21% |
|
COMPUTER SOFTWARE |
|
|
|
|
|
|
|
|
Datadog, Inc. Class A(B) |
|
174,979 |
|
19,590,649 |
|
|
|
|
|
|
|
|
|
|
|
2.90% |
|
COMPUTERS |
|
|
|
|
|
|
|
|
Apple, Inc. |
|
41,222 |
|
10,890,028 |
|
|
|
|
|
|
|
|
|
|
|
3.04% |
|
ECOMMERCE/PRODUCTS |
|
|
|
|
|
|
|
|
Amazon.com, Inc.(B) |
|
54,506 |
|
11,446,260 |
|
|
|
|
|
|
|
|
|
|
|
26.61% |
|
ELECTRONIC COMPONENTS-SEMICONDUCTORS |
|
|
|
|
|
|
|
|
Advanced Micro Devices(B) |
|
55,017 |
|
11,014,954 |
|
|
|
|
Arm Holdings plc ADR(B) |
|
150,948 |
|
19,238,323 |
|
|
|
|
Broadcom, Inc. |
|
34,439 |
|
11,004,982 |
|
|
|
|
Intel Corp.(B) |
|
226,649 |
|
10,337,461 |
|
|
|
|
Micron Technology, Inc. |
|
29,053 |
|
11,980,586 |
|
|
|
|
Nvidia Corp. |
|
206,119 |
|
36,522,226 |
|
|
|
|
|
|
|
|
100,098,532 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
QUARTERLY REPORT
REX AI EQUITY PREMIUM INCOME ETF
Schedule of Investments - continuedFebruary 28, 2026 (unaudited)
|
|
|
|
|
Shares |
|
Value |
|
|
2.98% |
|
ELECTRONIC FORMS |
|
|
|
|
|
|
|
|
Adobe, Inc.(B) |
|
42,714 |
|
$11,208,581 |
|
|
|
|
|
|
|
|
|
|
|
13.36% |
|
ENTERPRISE SOFTWARE/SERVICES |
|
|
|
|
|
|
|
|
Palantir Technologies Inc.(B) |
|
281,209 |
|
38,579,063 |
|
|
|
|
Salesforce, Inc. |
|
59,912 |
|
11,670,258 |
|
|
|
|
|
|
|
|
50,249,321 |
|
|
|
|
|
|
|
|
|
|
|
2.87% |
|
INFORMATION TECHNOLOGY - |
|
|
|
|
|
|
|
|
Super Micro Computer, Inc.(B) |
|
333,472 |
|
10,801,158 |
|
|
|
|
|
|
|
|
|
|
|
6.30% |
|
INFORMATION TECHNOLOGY- SOFTWARE & SERVICES |
|
|
|
|
|
|
|
|
Arista Networks, Inc.(B) |
|
83,337 |
|
11,125,490 |
|
|
|
|
IonQ, Inc.(B) |
|
327,661 |
|
12,572,353 |
|
|
|
|
|
|
|
|
23,697,843 |
|
|
|
|
|
|
|
|
|
|
|
2.98% |
|
INTERNET CONTENT - ENTERTAINMENT |
|
|
|
|
|
|
|
|
Meta Platforms, Inc. |
|
17,329 |
|
11,232,311 |
|
|
|
|
|
|
|
|
|
|
|
2.85% |
|
INTERNET SECURITY |
|
|
|
|
|
|
|
|
Palo Alto Networks, Inc.(B) |
|
71,958 |
|
10,715,985 |
|
|
|
|
|
|
|
|
|
|
|
2.86% |
|
NETWORKING PRODUCTS |
|
|
|
|
|
|
|
|
Cisco Systems, Inc. |
|
135,166 |
|
10,740,290 |
|
|
|
|
|
|
|
|
|
|
|
3.16% |
|
SEMICON COMPONENTS - |
|
|
|
|
|
|
|
|
Qualcomm, Inc. |
|
83,489 |
|
11,885,494 |
|
|
|
|
|
|
|
|
|
|
|
2.94% |
|
WEB PORTALS/INTERNET SERVICE PROVIDERS |
|
|
|
|
|
|
|
|
Alphabet, Inc. Class A |
|
35,511 |
|
11,070,909 |
|
|
|
|
|
|
|
|
|
|
|
99.28% |
|
TOTAL COMMON STOCKS |
|
373,421,375 |
|
||
|
|
|
(Cost: $340,503,491) |
|
|
|
|
|
3
QUARTERLY REPORT
REX AI EQUITY PREMIUM INCOME ETF
Schedule of Investments - continuedFebruary 28, 2026 (unaudited)
|
|
|
|
|
Principal |
|
Value |
|
|
2.89% |
|
US TREASURY BILL |
|
|
|
|
|
|
|
|
US Treasury 03/24/2026 3.3488%(C) |
|
$10,900,000 |
|
$10,876,051 |
|
|
|
|
|
|
|
|
|
|
|
2.89% |
|
TOTAL US TREASURY BILL |
|
10,876,051 |
|
||
|
|
|
(Cost: $10,874,860) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
102.17% |
|
TOTAL INVESTMENTS |
|
384,297,426 |
|
||
|
|
|
(Cost: $351,378,351) |
|
|
|
|
|
|
(2.17% |
) |
Liabilities in excess of other assets |
|
(8,167,897 |
) |
||
|
100.00% |
|
NET ASSETS |
|
$376,129,529 |
|
||
(A)All or a portion of the securities are held as collateral for options written.
(B)Non-income producing.
(C)Zero coupon security. The rate shown is the yield-to-maturity on the date of February 28, 2026.
ADR - Security represented is held by the custodian in the form of American Depositary Receipts.
4
QUARTERLY REPORT
REX AI EQUITY PREMIUM INCOME ETF
Schedule of Options WrittenFebruary 28, 2026 (unaudited)
|
(2.31%) |
|
OPTIONS WRITTEN(A) |
|
|
|
|
|
|
|
|
|
Description |
Number of Contracts |
Notional Amount |
Exercise Price |
Expiration Date |
Value |
|
|
(2.31%) |
|
CALL OPTIONS |
|
|
|
|
|
|
|
|
|
Adobe, Inc. |
427 |
$(11,204,907) |
$280.00 |
03/20/26 |
$(307,867 |
) |
|
|
|
Advanced Micro Devices |
542 |
(10,851,382) |
220.00 |
03/20/26 |
(186,990 |
) |
|
|
|
Advanced Micro Devices |
8 |
(160,168) |
230.00 |
03/20/26 |
(1,384 |
) |
|
|
|
Alphabet, Inc. Class A |
350 |
(10,911,600) |
330.00 |
03/20/26 |
(105,000 |
) |
|
|
|
Alphabet, Inc. Class A |
5 |
(155,880) |
340.00 |
03/20/26 |
(650 |
) |
|
|
|
Amazon.com, Inc. |
537 |
(11,277,000) |
220.00 |
03/20/26 |
(148,749 |
) |
|
|
|
Amazon.com, Inc. |
8 |
(168,000) |
230.00 |
03/20/26 |
(688 |
) |
|
|
|
Apple, Inc. |
406 |
(10,725,708) |
290.00 |
03/20/26 |
(15,834 |
) |
|
|
|
Apple, Inc. |
6 |
(158,508) |
300.00 |
03/20/26 |
(72 |
) |
|
|
|
Arista Networks, Inc. |
12 |
(160,200) |
145.00 |
03/20/26 |
(2,880 |
) |
|
|
|
Arista Networks, Inc. |
821 |
(10,960,350) |
160.00 |
03/20/26 |
(44,334 |
) |
|
|
|
Arm Holdings plc |
1,488 |
(18,964,560) |
140.00 |
03/20/26 |
(300,576 |
) |
|
|
|
Arm Holdings plc |
21 |
(267,645) |
145.00 |
03/20/26 |
(2,541 |
) |
|
|
|
Broadcom, Inc. |
5 |
(159,775) |
360.00 |
03/20/26 |
(3,160 |
) |
|
|
|
Broadcom, Inc. |
339 |
(10,832,745) |
370.00 |
03/20/26 |
(161,025 |
) |
|
|
|
Cisco Systems, Inc. |
1,351 |
(10,735,046) |
85.00 |
03/20/26 |
(32,424 |
) |
|
|
|
CrowdStrike Holdings, Inc. |
952 |
(35,412,496) |
390.00 |
03/20/26 |
(1,219,512 |
) |
|
|
|
CrowdStrike Holdings, Inc. |
14 |
(520,772) |
400.00 |
03/20/26 |
(15,190 |
) |
|
|
|
Datadog, Inc. Class A |
1,725 |
(19,313,100) |
115.00 |
03/20/26 |
(862,500 |
) |
|
|
|
Datadog, Inc. Class A |
24 |
(268,704) |
120.00 |
03/20/26 |
(6,792 |
) |
|
|
|
Intel Corp. |
2,266 |
(10,335,226) |
50.00 |
03/20/26 |
(253,792 |
) |
|
|
|
International Business Machines Corp. |
378 |
(9,079,938) |
255.00 |
03/20/26 |
(117,180 |
) |
|
|
|
International Business Machines Corp. |
5 |
(120,105) |
260.00 |
03/20/26 |
(950 |
) |
|
|
|
IonQ, Inc. |
3,276 |
(12,570,012) |
35.00 |
03/20/26 |
(1,647,828 |
) |
|
|
|
Meta Platforms, Inc. |
173 |
(11,213,514) |
700.00 |
03/20/26 |
(53,630 |
) |
|
|
|
Micron Technology, Inc. |
286 |
(11,793,782) |
440.00 |
03/20/26 |
(563,420 |
) |
|
|
|
Micron Technology, Inc. |
4 |
(164,948) |
470.00 |
03/20/26 |
(4,556 |
) |
|
|
|
Microsoft Corp. |
285 |
(11,193,090) |
430.00 |
03/20/26 |
(31,065 |
) |
|
|
|
Nvidia Corp. |
2,032 |
(36,005,008) |
200.00 |
03/20/26 |
(308,864 |
) |
|
|
|
Nvidia Corp. |
29 |
(513,851) |
210.00 |
03/20/26 |
(2,001 |
) |
|
|
|
Palantir Technologies Inc. |
2,812 |
(38,577,828) |
145.00 |
03/20/26 |
(1,065,748 |
) |
|
|
|
Palo Alto Networks, Inc. |
10 |
(148,920) |
160.00 |
03/20/26 |
(1,780 |
) |
|
|
|
Palo Alto Networks, Inc. |
709 |
(10,558,428) |
180.00 |
03/20/26 |
(12,762 |
) |
5
QUARTERLY REPORT
REX AI EQUITY PREMIUM INCOME ETF
Schedule of Options Written - continuedFebruary 28, 2026 (unaudited)
|
|
|
Description |
Number of Contracts |
Notional Amount |
Exercise Price |
Expiration Date |
Value |
|
|
|
|
Qualcomm, Inc. |
834 |
$(11,872,824) |
$155.00 |
03/20/26 |
$(60,882 |
) |
|
|
|
Salesforce, Inc. |
590 |
(11,492,610) |
200.00 |
03/20/26 |
(354,000 |
) |
|
|
|
Salesforce, Inc. |
9 |
(175,311) |
210.00 |
03/20/26 |
(2,493 |
) |
|
|
|
ServiceNow, Inc. |
1,138 |
(12,291,538) |
115.00 |
03/20/26 |
(292,466 |
) |
|
|
|
Super Micro Computer, Inc. |
3,287 |
(10,646,593) |
35.00 |
03/20/26 |
(361,570 |
) |
|
|
|
Super Micro Computer, Inc. |
47 |
(152,233) |
37.00 |
03/20/26 |
(2,914 |
) |
|
|
|
Synopsys, Inc. |
264 |
(10,929,600) |
460.00 |
03/20/26 |
(146,520 |
) |
|
|
|
Synopsys, Inc. |
4 |
(165,600) |
490.00 |
03/20/26 |
(820 |
) |
|
|
|
TOTAL CALL OPTIONS |
(8,703,409 |
) |
||||
|
|
|
(Premiums Received: $9,587,909) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2.31%) |
|
TOTAL OPTIONS WRITTEN |
$(8,703,409 |
) |
||||
|
|
|
(Premiums Received: $9,587,909) |
|
|
|
|
|
|
(A)Non-income producing.
6
QUARTERLY REPORT
REX AI EQUITY PREMIUM INCOME ETF
Schedule of Investments - continuedFebruary 28, 2026 (unaudited)
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 February 28, 2026:
|
|
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
|
|
|
|
|
Quoted Prices |
|
Other Significant Observable Inputs |
|
Significant Unobservable Inputs |
|
Total |
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
COMMON STOCKS |
|
$373,421,375 |
|
$— |
|
$— |
|
$373,421,375 |
|
|
US TREASURY BILL |
|
— |
|
10,876,051 |
|
— |
|
10,876,051 |
|
|
|
|
$373,421,375 |
|
$— |
|
$— |
|
$384,297,426 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
CALL OPTIONS WRITTEN |
|
$(8,703,409 |
) |
$— |
|
$— |
|
$(8,703,409 |
) |
The cost of investments for Federal income tax purposes has been estimated a/o February 28, 2026 since the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purpose is $341,790,442, and the related net unrealized appreciation (depreciation) consists of:
|
|
Gross unrealized appreciation |
|
$65,358,163 |
|
|
|
Gross unrealized depreciation |
|
(31,554,587 |
) |
|
|
Net unrealized appreciation |
|
$33,803,575 |
|