CCSO

Carbon Collective Climate Solutions U.S. Equity ETF

About the Fund

The Carbon Collective Climate Solutions U.S. Equities ETF is a diversified, US-focused all cap portfolio that allows investors to align their portfolio with solving climate change. The fund offers broad exposure to the climate solutions space and the growing number of US-listed companies within it.

To remain below 1.5ºC of global warming, hundreds of industries must rapidly scale in the coming decades. Using the All US-listed equities as its starting universe, CCSO grants exposure to these industries by including only those companies who generate at least 50% of their revenue from building climate solutions. The resulting list of equities are weighted by market-cap with no single one allowed to make up more than 5% of the fund.

With Carbon Collective & CCSO, investors can level up from “less bad” portfolios to holding the companies actually solving our greatest global challenge, climate change. From clean energy, to building automation, the circular economy, clean transportation, and sustainable food, CCSO diversifies across climate solutions and market caps.

Go beyond reducing your portfolio’s carbon footprint. Invest in the companies actually building climate solutions.

Fund Documents

Fund Details

wdt_ID	Name	Information
1	Fund Inception	09/19/2022
2	Ticker	CCSO
3	Primary Exchange	NASDAQ
4	CUSIP	88636T105
5	IPOV Symbol	CCSO.IV
6	NAV Symbol	CCSO.NV
7	Expense Ratio	0.35%

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* The 30-Day Yield represents net investment income earned by the Fund over the 30-Day period ended on the date indicated by the Yield, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-Day period. The 30-Day unsubsidized SEC Yield does not reflect any fee waivers/reimbursements/limits in effect.

Fund Data & Pricing

Name	Value
Net Assets	$46.89m
NAV	$28.42
Shares Outstanding	1,650,000
Premium/Discount Percentage	0.03%
Closing Price	$28.43
Median 30 Day Spread*	0.25%

Name
05/04/2026

*30 Day Median Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Performance

Month-End

Quarter-End

Month-End

Name
4/30/2026

Fund Name	Fund Ticker	1MO	3MO	6MO	YTD	1YR	3YR	10 Year	Since Inception (Cumulative)	Since Inception (Annualized)
Carbon Collective Climate Solutions U.S. Equity ETF	CCSO MKT	11.91	8.94	11.57	16.81	47.74	18.46	–	46.67	11.19
Carbon Collective Climate Solutions U.S. Equity ETF	CCSO NAV	11.90	8.93	11.59	16.86	47.42	18.47	–	46.68	11.19
S&P 500 TR	SPTR2	10.49	4.19	6.03	5.70	31.05	21.69	–	94.64	20.25

Quarter-End

Name
3/31/2026

Fund Name	Fund Ticker	1MO	3MO	6MO	YTD	1YR	3YR	10 Year	Since Inception (Cumulative)	Since Inception (Annualized)
Carbon Collective Climate Solutions U.S. Equity ETF	CCSO MKT	-6.59	4.39	3.48	4.39	35.07	11.79	–	31.09	7.97
Carbon Collective Climate Solutions U.S. Equity ETF	CCSO NAV	-6.61	4.43	3.53	4.43	35.28	11.90	–	31.09	7.97
S&P 500 TR	SPTR2	-4.98	-4.33	-1.79	-4.33	17.80	18.32	–	76.16	17.40

The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling (833)-794-0140.

Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on historical returns. Returns beyond 1 year are annualized.

A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.

The fund actively rotates between long-tern US treasuries and high yield corporate bonds on a weekly basis based on a proprietary signal that considers the relative performance of large cap US equities and US utilities equities. The fund is composed of US-listed ETF securities.

Distribution Detail

wdt_ID	name	Record Date
1	Ex-Date	12/27/2022
9	Record Date	12/28/2022
10	Payable Date	12/30/2022
11	Amount	0.0416

Top 10 Holdings

Name
05/05/2026

Date	Account	Name	CUSIP	Name	Shares	Price	Market Value	Weightings	NetAssets	SharesOutstanding	CreationUnits
05/05/2026	CCSO	PWR	74762E102	Quanta Services Inc	4,877	757.34	3,693,547.18	7.88%	46,894,650	1,650,000	66
05/05/2026	CCSO	GEV	36828A101	GE Vernova Inc	3,345	1,073.95	3,592,362.75	7.66%	46,894,650	1,650,000	66
05/05/2026	CCSO	JCI	G51502105	Johnson Controls International plc	19,453	144.40	2,809,013.20	5.99%	46,894,650	1,650,000	66
05/05/2026	CCSO	SCCO	84265V105	Southern Copper Corp	16,374	166.30	2,722,982.06	5.81%	46,894,650	1,650,000	66
05/05/2026	CCSO	CARR	14448C104	Carrier Global Corp	36,183	65.89	2,384,097.87	5.08%	46,894,650	1,650,000	66
05/05/2026	CCSO	WM	94106L109	Waste Management Inc	9,675	227.85	2,204,448.75	4.70%	46,894,650	1,650,000	66
05/05/2026	CCSO	RSG	760759100	Republic Services Inc	9,455	206.55	1,952,930.25	4.16%	46,894,650	1,650,000	66
05/05/2026	CCSO	NUE	670346105	Nucor Corp	8,627	225.81	1,948,062.87	4.15%	46,894,650	1,650,000	66
05/05/2026	CCSO	CCJ	13321L108	Cameco Corp	16,430	118.26	1,943,011.80	4.14%	46,894,650	1,650,000	66
05/05/2026	CCSO	WCN	94106B101	Waste Connections Inc	10,051	160.61	1,614,291.11	3.44%	46,894,650	1,650,000	66
05/05/2026	CCSO	ENLT	M4056D110	Enlight Renewable Energy Ltd	15,569	88.80	1,382,527.20	2.95%	46,894,650	1,650,000	66
05/05/2026	CCSO	STLD	858119100	Steel Dynamics Inc	5,417	229.82	1,244,934.94	2.65%	46,894,650	1,650,000	66
05/05/2026	CCSO	ZM	98980L101	Zoom Communications Inc	11,244	106.63	1,198,947.72	2.56%	46,894,650	1,650,000	66
05/05/2026	CCSO	HUBB	443510607	Hubbell Inc	2,012	516.00	1,038,192.00	2.21%	46,894,650	1,650,000	66
05/05/2026	CCSO	FSLR	336433107	First Solar Inc	4,020	211.39	849,787.80	1.81%	46,894,650	1,650,000	66
05/05/2026	CCSO	LI	50202M102	Li Auto Inc	44,690	17.88	799,057.20	1.70%	46,894,650	1,650,000	66
05/05/2026	CCSO	GFL	36168Q104	GFL Environmental Inc	19,613	37.71	739,606.23	1.58%	46,894,650	1,650,000	66
05/05/2026	CCSO	LII	526107107	Lennox International Inc	1,389	514.86	715,140.54	1.52%	46,894,650	1,650,000	66
05/05/2026	CCSO	RIVN	76954A103	Rivian Automotive Inc	48,279	14.51	700,528.29	1.49%	46,894,650	1,650,000	66
05/05/2026	CCSO	XPEV	98422D105	XPeng Inc	38,950	15.98	622,421.00	1.33%	46,894,650	1,650,000	66
05/05/2026	CCSO	NXT	65290E101	Nextpower Inc	5,321	116.93	622,184.53	1.33%	46,894,650	1,650,000	66
05/05/2026	CCSO	NIO	62914V106	NIO Inc	95,191	6.07	577,809.37	1.23%	46,894,650	1,650,000	66
05/05/2026	CCSO	MP	553368101	MP Materials Corp	6,966	66.20	461,149.20	0.98%	46,894,650	1,650,000	66
05/05/2026	CCSO	BLD	89055F103	TopBuild Corp	1,006	430.56	433,143.36	0.92%	46,894,650	1,650,000	66
05/05/2026	CCSO	OKLO	02156V109	Oklo Inc	5,814	68.60	398,840.40	0.85%	46,894,650	1,650,000	66
05/05/2026	CCSO	NXE	65340P106	NexGen Energy Ltd	31,561	12.46	393,250.06	0.84%	46,894,650	1,650,000	66
05/05/2026	CCSO	OC	690742101	Owens Corning	3,377	116.89	394,737.53	0.84%	46,894,650	1,650,000	66
05/05/2026	CCSO	VMI	920253101	Valmont Industries Inc	756	507.08	383,352.48	0.82%	46,894,650	1,650,000	66
05/05/2026	CCSO	WTS	942749102	Watts Water Technologies Inc	1,321	289.93	382,997.53	0.82%	46,894,650	1,650,000	66
05/05/2026	CCSO	DOCU	256163106	Docusign Inc	7,817	48.45	378,733.65	0.81%	46,894,650	1,650,000	66
05/05/2026	CCSO	VFS	Y9390M103	Vinfast Auto Ltd	89,220	4.21	375,616.20	0.80%	46,894,650	1,650,000	66
05/05/2026	CCSO	FGXXX	31846V336	First American Government Obligations Fund 12/01/2031	356,532	100.00	356,532.41	0.76%	46,894,650	1,650,000	66
05/05/2026	CCSO	JOBY	G65163100	Joby Aviation Inc	37,838	8.86	335,244.68	0.71%	46,894,650	1,650,000	66
05/05/2026	CCSO	AYI	00508Y102	Acuity Inc	1,140	285.61	325,595.40	0.69%	46,894,650	1,650,000	66
05/05/2026	CCSO	CWEN	18539C204	Clearway Energy Inc	8,184	38.57	315,656.88	0.67%	46,894,650	1,650,000	66
05/05/2026	CCSO	AAON	000360206	AAON Inc	3,192	91.90	293,344.80	0.63%	46,894,650	1,650,000	66
05/05/2026	CCSO	CMC	201723103	Commercial Metals Co	4,259	67.06	285,608.54	0.61%	46,894,650	1,650,000	66
05/05/2026	CCSO	LKQ	501889208	LKQ Corp	10,282	27.75	285,325.50	0.61%	46,894,650	1,650,000	66
05/05/2026	CCSO	IBP	45780R101	Installed Building Products Inc	1,038	277.02	287,546.76	0.61%	46,894,650	1,650,000	66
05/05/2026	CCSO	ORA	686688102	Ormat Technologies Inc	2,283	114.70	261,860.10	0.56%	46,894,650	1,650,000	66
05/05/2026	CCSO	MYRG	55405W104	MYR Group Inc	576	456.29	262,823.04	0.56%	46,894,650	1,650,000	66
05/05/2026	CCSO	UEC	916896103	Uranium Energy Corp	17,545	14.82	260,016.90	0.55%	46,894,650	1,650,000	66
05/05/2026	CCSO	BEPC	11285B108	Brookfield Renewable Corp	6,888	35.51	244,592.88	0.52%	46,894,650	1,650,000	66
05/05/2026	CCSO	HASI	41068X100	HA Sustainable Infrastructure Capital Inc	4,768	42.23	201,352.64	0.43%	46,894,650	1,650,000	66
05/05/2026	CCSO	DNN	248356107	Denison Mines Corp	47,736	3.76	179,487.36	0.38%	46,894,650	1,650,000	66
05/05/2026	CCSO	ENPH	29355A107	Enphase Energy Inc	5,048	32.54	164,261.92	0.35%	46,894,650	1,650,000	66
05/05/2026	CCSO	UUUU	292671708	Energy Fuels Inc/Canada	7,678	21.62	165,998.36	0.35%	46,894,650	1,650,000	66
05/05/2026	CCSO	PLUG	72919P202	Plug Power Inc	50,833	3.13	159,107.29	0.34%	46,894,650	1,650,000	66
05/05/2026	CCSO	QS	74767V109	QuantumScape Corp	22,401	7.19	161,063.19	0.34%	46,894,650	1,650,000	66
05/05/2026	CCSO	ACHR	03945R102	Archer Aviation Inc	27,135	5.77	156,568.95	0.33%	46,894,650	1,650,000	66
05/05/2026	CCSO	ITRI	465741106	Itron Inc	1,744	84.22	146,879.68	0.31%	46,894,650	1,650,000	66
05/05/2026	CCSO	BMI	056525108	Badger Meter Inc	1,174	120.03	140,915.22	0.30%	46,894,650	1,650,000	66
05/05/2026	CCSO	SMR	67079K100	NuScale Power Corp	11,488	12.18	139,923.84	0.30%	46,894,650	1,650,000	66
05/05/2026	CCSO	SGML	826599102	Sigma Lithium Corp	6,049	22.57	136,525.93	0.29%	46,894,650	1,650,000	66
05/05/2026	CCSO	LEU	15643U104	Centrus Energy Corp	668	206.92	138,222.56	0.29%	46,894,650	1,650,000	66
05/05/2026	CCSO	ERO	296006109	ERO Copper Corp	5,355	24.46	130,983.30	0.28%	46,894,650	1,650,000	66
05/05/2026	CCSO	JKS	47759T100	JinkoSolar Holding Co Ltd	4,823	24.15	116,475.45	0.25%	46,894,650	1,650,000	66
05/05/2026	CCSO	RUN	86771W105	Sunrun Inc	8,415	12.70	106,870.50	0.23%	46,894,650	1,650,000	66
05/05/2026	CCSO	AMPX	03214Q108	Amprius Technologies Inc	5,100	20.38	103,938.00	0.22%	46,894,650	1,650,000	66
05/05/2026	CCSO	FLNC	34379V103	Fluence Energy Inc	7,189	12.33	88,640.37	0.19%	46,894,650	1,650,000	66
05/05/2026	CCSO	SEDG	83417M104	SolarEdge Technologies Inc	2,182	41.52	90,596.64	0.19%	46,894,650	1,650,000	66
05/05/2026	CCSO	LCID	549498202	Lucid Group Inc	13,173	6.69	88,127.37	0.19%	46,894,650	1,650,000	66
05/05/2026	CCSO	RNW	G7500M104	ReNew Energy Global PLC	13,849	5.25	72,707.25	0.16%	46,894,650	1,650,000	66
05/05/2026	CCSO	TGLS	G87264100	Tecnoglass Inc	1,856	41.03	76,151.68	0.16%	46,894,650	1,650,000	66
05/05/2026	CCSO	TMC	87261Y106	TMC the metals co Inc	13,026	5.19	67,604.94	0.14%	46,894,650	1,650,000	66
05/05/2026	CCSO	EOSE	29415C101	Eos Energy Enterprises Inc	9,926	6.38	63,327.88	0.14%	46,894,650	1,650,000	66
05/05/2026	CCSO	AMRC	02361E108	Ameresco Inc	1,973	31.48	62,110.04	0.13%	46,894,650	1,650,000	66
05/05/2026	CCSO	LAR	H5012F103	Lithium Argentina AG	5,842	10.28	60,055.76	0.13%	46,894,650	1,650,000	66
05/05/2026	CCSO	PSNY	731105409	Polestar Automotive Holding UK PLC	3,118	19.15	59,709.70	0.13%	46,894,650	1,650,000	66
05/05/2026	CCSO	LAC	53681J103	Lithium Americas Corp	9,746	5.54	53,992.84	0.12%	46,894,650	1,650,000	66
05/05/2026	CCSO	PLPC	740444104	Preformed Line Products Co	179	309.76	55,447.04	0.12%	46,894,650	1,650,000	66
05/05/2026	CCSO	NVRI	415864107	Enviri Corp	2,990	19.16	57,288.40	0.12%	46,894,650	1,650,000	66
05/05/2026	CCSO	DQ	23703Q203	Daqo New Energy Corp	2,599	19.95	51,850.05	0.11%	46,894,650	1,650,000	66
05/05/2026	CCSO	PCT	74623V103	PureCycle Technologies Inc	7,005	7.35	51,486.75	0.11%	46,894,650	1,650,000	66
05/05/2026	CCSO	SHLS	82489W107	Shoals Technologies Group Inc	6,313	8.27	52,208.51	0.11%	46,894,650	1,650,000	66
05/05/2026	CCSO	LQDT	53635B107	Liquidity Services Inc	1,324	35.82	47,425.68	0.10%	46,894,650	1,650,000	66
05/05/2026	CCSO	IPX	44916E100	IperionX Ltd	1,277	33.49	42,766.73	0.09%	46,894,650	1,650,000	66
05/05/2026	CCSO	WLDN	96924N100	Willdan Group Inc	550	72.72	39,996.00	0.09%	46,894,650	1,650,000	66
05/05/2026	CCSO	ARRY	04271T100	Array Technologies Inc	5,802	7.66	44,443.32	0.09%	46,894,650	1,650,000	66
05/05/2026	CCSO	NNE	63010H108	NANO Nuclear Energy Inc	1,808	23.32	42,162.56	0.09%	46,894,650	1,650,000	66
05/05/2026	CCSO	RERE	00138L108	ATRenew Inc	8,356	4.32	36,097.92	0.08%	46,894,650	1,650,000	66
05/05/2026	CCSO	EVEX	29970N104	Eve Holding Inc	13,799	2.85	39,327.15	0.08%	46,894,650	1,650,000	66
05/05/2026	CCSO	CRML	G2662B103	Critical Metals Corp	3,071	12.91	39,646.61	0.08%	46,894,650	1,650,000	66
05/05/2026	CCSO	BLDP	058586108	Ballard Power Systems Inc	11,844	3.29	38,966.76	0.08%	46,894,650	1,650,000	66
05/05/2026	CCSO	CSIQ	136635109	Canadian Solar Inc	2,424	15.87	38,468.88	0.08%	46,894,650	1,650,000	66
05/05/2026	CCSO	XIFR	65341B106	XPLR Infrastructure LP	3,696	10.40	38,438.40	0.08%	46,894,650	1,650,000	66
05/05/2026	CCSO	LOT	54572F101	Lotus Technology inc	27,547	1.22	33,607.34	0.07%	46,894,650	1,650,000	66
05/05/2026	CCSO	NX	747619104	Quanex Building Products Corp	1,790	18.55	33,204.50	0.07%	46,894,650	1,650,000	66
05/05/2026	CCSO	URG	91688R108	Ur-Energy Inc	18,989	1.77	33,610.53	0.07%	46,894,650	1,650,000	66
05/05/2026	CCSO	APOG	037598109	Apogee Enterprises Inc	860	34.78	29,910.80	0.06%	46,894,650	1,650,000	66
05/05/2026	CCSO	LYTS	50216C108	LSI Industries Inc	1,159	23.27	26,969.93	0.06%	46,894,650	1,650,000	66
05/05/2026	CCSO	MTUS	887399103	Metallus Inc	1,636	18.62	30,462.32	0.06%	46,894,650	1,650,000	66
05/05/2026	CCSO	EVGO	30052F100	EVgo Inc	12,330	2.17	26,756.10	0.06%	46,894,650	1,650,000	66
05/05/2026	CCSO	ADSE	G0085J117	Ads-Tec Energy PLC	2,205	11.88	26,195.40	0.06%	46,894,650	1,650,000	66
05/05/2026	CCSO	UROY	91702V101	Uranium Royalty Corp	7,139	3.81	27,199.59	0.06%	46,894,650	1,650,000	66
05/05/2026	CCSO	Cash&Other	Cash&Other	Cash & Other	29,798	1.00	29,797.63	0.06%	46,894,650	1,650,000	66
05/05/2026	CCSO	NRGV	29280W109	Energy Vault Holdings Inc	5,711	4.44	25,356.84	0.05%	46,894,650	1,650,000	66
05/05/2026	CCSO	MVST	59516C106	Microvast Holdings Inc	12,788	1.87	23,913.56	0.05%	46,894,650	1,650,000	66
05/05/2026	CCSO	EU	29259W700	Encore Energy Corp	9,883	1.86	18,382.38	0.04%	46,894,650	1,650,000	66
05/05/2026	CCSO	GEVO	374396406	Gevo Inc	9,188	2.07	19,019.16	0.04%	46,894,650	1,650,000	66
05/05/2026	CCSO	CLNE	184499101	Clean Energy Fuels Corp	8,366	2.42	20,245.72	0.04%	46,894,650	1,650,000	66
05/05/2026	CCSO	LVWR	53838J105	Livewire Group Inc	8,439	1.67	14,093.13	0.03%	46,894,650	1,650,000	66
05/05/2026	CCSO	HYLN	449109107	Hyliion Holdings Corp	6,609	2.11	13,944.99	0.03%	46,894,650	1,650,000	66
05/05/2026	CCSO	OTLY	67421J207	Oatly Group AB	1,154	10.97	12,659.38	0.03%	46,894,650	1,650,000	66
05/05/2026	CCSO	OPAL	68347P103	OPAL Fuels Inc	6,395	2.18	13,941.10	0.03%	46,894,650	1,650,000	66
05/05/2026	CCSO	EGHT	282914100	8x8 Inc	5,062	2.69	13,616.78	0.03%	46,894,650	1,650,000	66
05/05/2026	CCSO	EAF	384313607	GrafTech International Ltd	808	9.23	7,457.84	0.02%	46,894,650	1,650,000	66
05/05/2026	CCSO	HDSN	444144109	Hudson Technologies Inc	1,710	6.18	10,567.80	0.02%	46,894,650	1,650,000	66
05/05/2026	CCSO	AUDC	M15342104	AudioCodes Ltd	1,145	10.14	11,610.30	0.02%	46,894,650	1,650,000	66
05/05/2026	CCSO	FF	36116M106	FutureFuel Corp	1,684	4.90	8,251.60	0.02%	46,894,650	1,650,000	66
05/05/2026	CCSO	EVTL	G9471C206	Vertical Aerospace Ltd	4,122	2.36	9,727.92	0.02%	46,894,650	1,650,000	66
05/05/2026	CCSO	KLTR	483467106	Kaltura Inc	6,539	1.42	9,285.38	0.02%	46,894,650	1,650,000	66
05/05/2026	CCSO	IONR	46211L101	ioneer Ltd	2,654	3.77	10,005.58	0.02%	46,894,650	1,650,000	66
05/05/2026	CCSO	MNTK	61218C103	Montauk Renewables Inc	5,496	1.37	7,529.52	0.02%	46,894,650	1,650,000	66
05/05/2026	CCSO	NIU	65481N100	Niu Technologies	3,286	3.18	10,449.48	0.02%	46,894,650	1,650,000	66
05/05/2026	CCSO	KULR	50125G307	KULR Technology Group Inc	1,521	2.82	4,289.22	0.01%	46,894,650	1,650,000	66
05/05/2026	CCSO	BYND	08862E109	Beyond Meat Inc	2,544	0.94	2,388.82	0.01%	46,894,650	1,650,000	66
05/05/2026	CCSO	NVX	67010L100	Novonix Ltd	4,191	0.72	3,017.52	0.01%	46,894,650	1,650,000	66
05/05/2026	CCSO	CHPT	15961R303	ChargePoint Holdings Inc	812	6.21	5,042.52	0.01%	46,894,650	1,650,000	66
05/05/2026	CCSO	HAIN	405217100	Hain Celestial Group Inc/The	3,550	0.63	2,252.12	0.00%	46,894,650	1,650,000	66

Holdings are subject to change without notice.

Purchase

The Fund (CCSO) is available through various channels including via phone (833) 794-0140, broker-dealers, investment advisers, and other financial services firms, including: