VETZ

The Academy Veteran Bond ETF, NYSE: VETZ, is the first publicly traded ETF to primarily invest in loans to U.S. service members, military veterans, their survivors, and veteran-owned businesses.

About Academy Asset Management

Academy Asset Management is a service-disabled veteran-owned asset manager, that is committed to opportunities for veterans, AAM helps veterans by pairing them with Wall Street veterans for mentorship. Investing in this ETF will support Academy fulfill its mission.

INVESTMENT OBJECTIVE

The Academy Veteran Bond ETF seeks to generate income.

ABOUT THE FUND

The Academy Veteran Bond ETF is the first publicly traded ETF to primarily invest in loans to U.S. service members, military veterans, their survivors, and veteran-owned businesses. At least 80% of the underlying assets will consist of loans to veterans or their families.

GOVERNMENT BACKED MBS AND ABS SECURITIES

The Fund will primarily invest in MBS that are guaranteed by government-sponsored enterprises, such as the Ginnie Mae, Fannie Mae, and Freddie Mac. The Fund also invests in pools of small business loans backed by the Small Business Administration (SBA).

FUND INFORMATION

Fund Inception	8/1/2023
Ticker	VETZ
Primary Exchange	NYSE
CUSIP	886364389
NAV Symbol	VETZ.NV
Expense Ratio	0.35%
Benchmark	Bloomberg US MBS Index
30 Day SEC Yield* As of 10/31/2025	6.17%

*The 30-Day SEC Yield is calculated with a standardized formula mandated by the SEC. The formula is based on the maximum offering price per share and does not reflect waivers in effect.

FUND DATA & PRICING

Name	Value
Net Assets	$84.69m
NAV	$20.17
Shares Outstanding	4,200,000
Premium/Discount Percentage	0.38%
Closing Price	$20.24
Median 30 Day Spread**	0.25%

Name
11/26/2025

**Median 30 Day 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

Name
10/31/2025

Fund Name	Fund Ticker	1 Month	3 Month	6 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception (Cumulative)	Since Inception (Annualized)	Date
Academy Veteran Bond ETF	VETZ MKT	1.22	3.51	4.07	7.06	7.42	–	–	–	13.80	5.91	10/31/2025
Academy Veteran Bond ETF	VETZ NAV	0.97	3.39	4.03	7.43	7.57	–	–	–	13.51	5.79	10/31/2025
Bloomberg U.S. Aggregate Bond Index (USD)	LBUSTRUU	0.62	2.94	3.50	6.80	6.16	–	–	–	12.48	5.37	10/31/2025
Bloomberg US MBS Index	LUMSTRUU	0.86	3.73	4.19	7.68	7.32	5.85	–	–	13.21	5.66	10/31/2025

Name
9/30/2025

Fund Name	Fund Ticker	1 Month	3 Month	6 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception (Cumulative)	Since Inception (Annualized)	Date
Academy Veteran Bond ETF	VETZ MKT	0.91	1.84	2.92	5.77	3.38	–	–	–	12.42	5.56	09/30/2025
Academy Veteran Bond ETF	VETZ NAV	0.97	1.95	3.11	6.40	3.72	–	–	–	12.42	5.56	09/30/2025
Bloomberg U.S. MBS Index	LUMSTRUU	1.22	2.43	3.59	6.76	3.39	5.04	–	–	12.24	5.47	09/30/2025

The performance data quoted 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. Performance current to the most recent month-end can be obtained by calling (866) 631-0504. 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 returns.
Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.
NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

DISTRIBUTION DETAIL

EX Date	Record Date	Payable Date	Fund Total
11/03/2025	11/03/2025	11/04/2025	0.1142
10/01/2025	10/01/2025	10/02/2025	0.0938
09/02/2025	09/02/2025	09/03/2025	0.0987
08/01/2025	08/01/2025	08/04/2025	0.1004
07/01/2025	07/01/2025	07/02/2025	0.1139
06/02/2025	06/02/2025	06/03/2025	0.0986
05/01/2025	05/01/2025	05/02/2025	0.0883
04/01/2025	04/01/2025	04/02/2025	0.0971
03/03/2025	03/03/2025	03/04/2025	0.0910
02/03/2025	02/03/2025	02/04/2025	0.0907
12/27/2024	12/27/2024	12/30/2024	0.1859
12/02/2024	12/02/2024	12/05/2024	0.1020
11/01/2024	11/01/2024	11/06/2024	0.0936
10/01/2024	10/01/2024	10/04/2024	0.0991
09/03/2024	09/03/2024	09/06/2024	0.0867
08/01/2024	08/01/2024	08/06/2024	0.0878
07/01/2024	07/01/2024	07/05/2024	0.0847
06/03/2024	06/03/2024	06/06/2024	0.0834
05/01/2024	05/02/2024	05/07/2024	0.0864
04/01/2024	04/02/2024	04/05/2024	0.0849
03/01/2024	03/04/2024	03/07/2024	0.0794
02/01/2024	02/02/2024	02/07/2024	0.0848
12/22/2023	12/26/2023	12/29/2023	0.1094
12/01/2023	12/04/2023	12/07/2023	0.0855
11/01/2023	11/02/2023	11/07/2023	0.0737
10/02/2023	10/03/2023	10/06/2023	0.0729
09/01/2023	09/05/2023	09/08/2023	0.0424

HOLDINGS

Name
11/28/2025

Date	Account	StockTicker	CUSIP	SecurityName	Par Value	Price	Market Value	Weighting	NetAssets	SharesOutstanding	CreationUnits
11/28/2025	VETZ	36179XVD5	36179XVD5	Ginnie Mae II Pool 4% 03/20/2053	3,495,711	92.91	3,247,815	3.83	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3622ABV33	3622ABV33	Ginnie Mae II Pool 3% 04/20/2052	3,352,207	89.93	3,014,621	3.56	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179YG81	36179YG81	Ginnie Mae II Pool 3% 04/20/2052	2,831,137	88.60	2,508,429	2.96	84,693,840	4,200,000	168.00
11/28/2025	VETZ	8316A06X3	8316A06X3	Small Business Administration Pools 4.7% 07/25/2035	2,336,757	100.63	2,351,526	2.78	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179YRA4	36179YRA4	Ginnie Mae II Pool 2% 01/20/2054	2,593,605	83.55	2,167,015	2.56	84,693,840	4,200,000	168.00
11/28/2025	VETZ	FGXXX	31846V336	First American Government Obligations Fund 12/01/2031	2,171,254	100.00	2,171,253	2.56	84,693,840	4,200,000	168.00
11/28/2025	VETZ	8316A06Z8	8316A06Z8	Small Business Administration Pools 6.25% 07/25/2035	2,063,939	104.26	2,151,822	2.54	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3622AC4Z0	3622AC4Z0	Ginnie Mae II Pool 5% 01/20/2054	1,975,770	100.06	1,977,045	2.33	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3622AD5M6	3622AD5M6	Ginnie Mae II Pool 5% 09/20/2055	1,954,907	99.53	1,945,646	2.30	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3622ACB82	3622ACB82	Ginnie Mae II Pool 3.5% 12/20/2052	2,017,080	91.15	1,838,467	2.17	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617YDDX7	3617YDDX7	Ginnie Mae II Pool 3% 03/20/2052	1,898,191	89.93	1,707,032	2.02	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179XK62	36179XK62	Ginnie Mae II Pool 4% 11/20/2052	1,798,265	92.86	1,669,847	1.97	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3622ABAK8	3622ABAK8	Ginnie Mae II Pool 2.5% 01/20/2051	1,855,114	85.11	1,578,911	1.86	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617QUHP1	3617QUHP1	Ginnie Mae II Pool 2.5% 03/20/2051	1,836,170	85.72	1,573,969	1.86	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179YE67	36179YE67	Ginnie Mae II Pool 4.5% 09/20/2053	1,501,813	97.73	1,467,792	1.73	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179XZ33	36179XZ33	Ginnie Mae II Pool 3% 01/20/2053	1,555,438	88.60	1,378,141	1.63	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179YC69	36179YC69	Ginnie Mae II Pool 5% 08/20/2053	1,311,444	100.01	1,311,593	1.55	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3618F3BF9	3618F3BF9	Ginnie Mae II Pool 5.5% 07/20/2053	1,227,082	101.21	1,241,927	1.47	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179XVB9	36179XVB9	Ginnie Mae II Pool 3% 01/20/2052	1,385,115	88.60	1,227,232	1.45	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3618BGBL1	3618BGBL1	Ginnie Mae II Pool 5% 04/20/2053	1,203,543	100.06	1,204,319	1.42	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617XW2T7	3617XW2T7	Ginnie Mae II Pool 3% 04/20/2052	1,328,054	89.93	1,194,311	1.41	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3618K1E23	3618K1E23	Ginnie Mae II Pool 4% 12/20/2039	1,205,736	98.86	1,192,019	1.41	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179X5A0	36179X5A0	Ginnie Mae II Pool 2% 06/20/2053	1,412,271	83.60	1,180,687	1.39	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3618F35B5	3618F35B5	Ginnie Mae II Pool 4.5% 07/20/2050	1,112,564	97.47	1,084,404	1.28	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617MK2Y4	3617MK2Y4	Ginnie Mae II Pool 3.5% 02/20/2050	1,148,120	92.75	1,064,933	1.26	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179XXL5	36179XXL5	Ginnie Mae II Pool 2.5% 03/20/2052	1,267,891	83.54	1,059,217	1.25	84,693,840	4,200,000	168.00
11/28/2025	VETZ	8316A0QH6	8316A0QH6	Small Business Administration Pools 4.9% 11/25/2033	1,047,716	100.41	1,052,018	1.24	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3618G9BQ1	3618G9BQ1	Ginnie Mae II Pool 5.5% 03/20/2054	1,005,533	101.11	1,016,716	1.20	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617YDD41	3617YDD41	Ginnie Mae II Pool 3% 04/20/2052	1,127,751	88.60	999,204	1.18	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3622AD3A4	3622AD3A4	Ginnie Mae II Pool 5.5% 07/20/2055	986,780	100.60	992,711	1.17	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179XMY9	36179XMY9	Ginnie Mae II Pool 2% 12/20/2052	1,124,360	81.90	920,825	1.09	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617FHUN2	3617FHUN2	Ginnie Mae II Pool 3% 02/20/2052	1,012,369	90.00	911,137	1.08	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3622AAM68	3622AAM68	Ginnie Mae II Pool 3.5% 04/20/2050	964,447	92.82	895,156	1.06	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3618GR4N6	3618GR4N6	Ginnie Mae II Pool 5% 03/20/2054	879,281	100.45	883,206	1.04	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179RBV0	36179RBV0	Ginnie Mae II Pool 2.5% 04/20/2045	951,556	88.57	842,795	1.00	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617F6F45	3617F6F45	Ginnie Mae II Pool 3% 06/20/2052	904,269	89.93	813,204	0.96	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617F4WK5	3617F4WK5	Ginnie Mae II Pool 2.5% 07/20/2052	922,279	85.73	790,628	0.93	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179YG99	36179YG99	Ginnie Mae II Pool 3.5% 10/20/2053	826,554	90.70	749,708	0.89	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3622ACP38	3622ACP38	Ginnie Mae II Pool 4% 04/20/2053	794,525	94.87	753,776	0.89	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179YJ88	36179YJ88	Ginnie Mae II Pool 3% 02/20/2052	842,848	88.60	746,775	0.88	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3618BBTQ2	3618BBTQ2	Ginnie Mae II Pool 4.5% 04/20/2053	756,827	97.54	738,229	0.87	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617QG2A1	3617QG2A1	Ginnie Mae II Pool 2.5% 09/20/2050	811,276	86.56	702,246	0.83	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3622ACLD0	3622ACLD0	Ginnie Mae II Pool 2.5% 01/20/2053	842,954	83.53	704,103	0.83	84,693,840	4,200,000	168.00
11/28/2025	VETZ	8316A04S6	8316A04S6	Small Business Administration Pools 4.66% 06/25/2050	691,321	99.83	690,135	0.81	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617MKSP5	3617MKSP5	Ginnie Mae II Pool 3% 02/20/2050	759,308	90.03	683,637	0.81	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179YE26	36179YE26	Ginnie Mae II Pool 2.5% 09/20/2053	806,471	83.54	673,739	0.80	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3618F3CY7	3618F3CY7	Ginnie Mae II Pool 5% 06/20/2053	675,616	100.06	676,052	0.80	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3622ACM98	3622ACM98	Ginnie Mae II Pool 4.5% 06/20/2053	679,233	97.97	665,466	0.79	84,693,840	4,200,000	168.00
11/28/2025	VETZ	8316A0PZ7	8316A0PZ7	Small Business Administration Pools 4.8% 10/25/2033	646,591	100.12	647,363	0.76	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179XZZ2	36179XZZ2	Ginnie Mae II Pool 2% 08/20/2052	783,452	81.90	641,629	0.76	84,693,840	4,200,000	168.00
11/28/2025	VETZ	8316A0UN8	8316A0UN8	Small Business Administration Pools 4.55% 08/25/2034	633,640	99.53	630,671	0.74	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3618AGLP2	3618AGLP2	Ginnie Mae II Pool 3.5% 09/20/2060	662,801	91.57	606,917	0.72	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617Q64V5	3617Q64V5	Ginnie Mae II Pool 2.5% 10/20/2050	696,275	86.43	601,780	0.71	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3618BWFF5	3618BWFF5	Ginnie Mae II Pool 5% 06/20/2053	604,236	100.06	604,626	0.71	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179XXK7	36179XXK7	Ginnie Mae II Pool 2% 12/20/2051	739,038	81.90	605,255	0.71	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617FHUY8	3617FHUY8	Ginnie Mae II Pool 3% 09/20/2052	662,519	90.00	596,270	0.70	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179RD55	36179RD55	Ginnie Mae II Pool 2.5% 05/20/2045	650,849	88.57	576,458	0.68	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179WYB8	36179WYB8	Ginnie Mae II Pool 2% 03/20/2037	619,498	92.92	575,653	0.68	84,693,840	4,200,000	168.00
11/28/2025	VETZ	8316A02J8	8316A02J8	Small Business Administration Pools 4.6% 03/25/2035	560,066	99.63	557,968	0.66	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179YUS1	36179YUS1	Ginnie Mae II Pool 6% 04/20/2054	524,685	100.77	528,748	0.62	84,693,840	4,200,000	168.00
11/28/2025	VETZ	8316A05M8	8316A05M8	Small Business Administration Pools 7.52% 07/25/2035	449,132	107.95	484,839	0.57	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3618BB6T1	3618BB6T1	Ginnie Mae II Pool 4.5% 02/20/2062	462,875	97.92	453,246	0.54	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617MK3V9	3617MK3V9	Ginnie Mae II Pool 3% 02/20/2050	493,203	90.03	444,051	0.52	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3618BN5M1	3618BN5M1	Ginnie Mae II Pool 5.5% 08/20/2053	428,462	101.28	433,944	0.51	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3622ABUU4	3622ABUU4	Ginnie Mae II Pool 3% 04/20/2052	483,807	89.93	435,084	0.51	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3618BHEF9	3618BHEF9	Ginnie Mae II Pool 4.5% 05/20/2053	445,532	97.54	434,583	0.51	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179W4Z8	36179W4Z8	Ginnie Mae II Pool 1.5% 04/20/2052	541,397	78.83	426,804	0.50	84,693,840	4,200,000	168.00
11/28/2025	VETZ	8316A0TS9	8316A0TS9	Small Business Administration Pools 4.55% 05/25/2034	415,796	99.60	414,127	0.49	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3618K1EW7	3618K1EW7	Ginnie Mae II Pool 5.5% 12/20/2054	402,551	100.53	404,681	0.48	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179XEL6	36179XEL6	Ginnie Mae II Pool 2% 02/20/2037	426,064	94.17	401,206	0.47	84,693,840	4,200,000	168.00
11/28/2025	VETZ	8316A0VE7	8316A0VE7	Small Business Administration Pools 4.55% 08/25/2034	400,072	99.52	398,159	0.47	84,693,840	4,200,000	168.00
11/28/2025	VETZ	Cash&Other	Cash&Other	Cash & Other	400,423	1.00	400,423	0.47	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3618A4RU2	3618A4RU2	Ginnie Mae II Pool 3% 11/20/2052	448,094	89.69	401,896	0.47	84,693,840	4,200,000	168.00
11/28/2025	VETZ	8316A03U2	8316A03U2	Small Business Administration Pools 4.6% 04/25/2035	379,573	99.63	378,157	0.45	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3618MARS0	3618MARS0	Ginnie Mae II Pool 4.875% 02/20/2065	382,876	99.23	379,931	0.45	84,693,840	4,200,000	168.00
11/28/2025	VETZ	8316A0XW5	8316A0XW5	Small Business Administration Pools 4.6% 11/25/2034	372,253	99.63	370,873	0.44	84,693,840	4,200,000	168.00
11/28/2025	VETZ	8316A0T83	8316A0T83	Small Business Administration Pools 4.55% 05/25/2034	370,864	99.60	369,376	0.44	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617VEY49	3617VEY49	Ginnie Mae II Pool 2% 04/20/2051	421,616	82.67	348,548	0.41	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3622ACNJ5	3622ACNJ5	Ginnie Mae II Pool 2% 12/20/2052	428,406	81.53	349,295	0.41	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3622ACLE8	3622ACLE8	Ginnie Mae II Pool 3% 11/20/2052	387,946	88.60	343,726	0.41	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3622ACEZ9	3622ACEZ9	Ginnie Mae II Pool 2% 12/20/2052	425,058	81.90	348,113	0.41	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3622ADXC7	3622ADXC7	Ginnie Mae II Pool 5.5% 05/20/2055	345,498	100.53	347,328	0.41	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3618A8CW5	3618A8CW5	Ginnie Mae II Pool 4.5% 11/20/2052	330,862	97.97	324,156	0.38	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36290RUZ4	36290RUZ4	Ginnie Mae I Pool 4.5% 08/15/2033	315,299	100.99	318,420	0.38	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617F8RJ5	3617F8RJ5	Ginnie Mae II Pool 4% 08/20/2052	337,107	94.87	319,818	0.38	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3622ACB90	3622ACB90	Ginnie Mae II Pool 2.5% 12/20/2052	387,112	83.53	323,347	0.38	84,693,840	4,200,000	168.00
11/28/2025	VETZ	8316A1CR7	8316A1CR7	Small Business Administration Pools 4.65% 11/25/2035	300,000	100.54	301,607	0.36	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3622ACLC2	3622ACLC2	Ginnie Mae II Pool 3.5% 11/20/2052	293,522	92.00	270,035	0.32	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179YYF5	36179YYF5	Ginnie Mae II Pool 4.5% 05/20/2054	278,910	97.47	271,843	0.32	84,693,840	4,200,000	168.00
11/28/2025	VETZ	8316A0PN4	8316A0PN4	Small Business Administration Pools 4.8% 10/25/2033	249,669	100.12	249,966	0.30	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179V7C8	36179V7C8	Ginnie Mae II Pool 1.5% 02/20/2051	313,174	80.31	251,496	0.30	84,693,840	4,200,000	168.00
11/28/2025	VETZ	8316A0Q29	8316A0Q29	Small Business Administration Pools 4.95% 12/25/2033	253,691	100.53	255,032	0.30	84,693,840	4,200,000	168.00
11/28/2025	VETZ	8316A03T5	8316A03T5	Small Business Administration Pools 5.375% 08/25/2035	237,909	101.81	242,220	0.29	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3618F3MM2	3618F3MM2	Ginnie Mae II Pool 5.5% 06/20/2053	229,656	101.80	233,793	0.28	84,693,840	4,200,000	168.00
11/28/2025	VETZ	8316A0US7	8316A0US7	Small Business Administration Pools 6.25% 08/25/2034	212,392	103.51	219,844	0.26	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179XCJ3	36179XCJ3	Ginnie Mae II Pool 2.5% 08/20/2037	216,062	94.89	205,030	0.24	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3622ABYM8	3622ABYM8	Ginnie Mae II Pool 3.5% 06/20/2052	215,751	92.00	198,487	0.23	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179YLZ5	36179YLZ5	Ginnie Mae II Pool 3% 09/20/2053	192,270	88.65	170,456	0.20	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617J6Q80	3617J6Q80	Ginnie Mae II Pool 4.5% 11/20/2048	167,124	99.26	165,892	0.20	84,693,840	4,200,000	168.00
11/28/2025	VETZ	8316A0VZ0	8316A0VZ0	Small Business Administration Pools 4.6% 08/25/2034	151,866	99.65	151,327	0.18	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3618BM3Y9	3618BM3Y9	Ginnie Mae II Pool 6.5% 05/20/2053	136,721	103.09	140,950	0.17	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179T6X8	36179T6X8	Ginnie Mae II Pool 3% 08/20/2048	157,557	89.74	141,386	0.17	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617N8BV6	3617N8BV6	Ginnie Mae II Pool 3.5% 06/20/2051	147,426	92.48	136,333	0.16	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36295V4N6	36295V4N6	Ginnie Mae I Pool 4% 07/15/2049	145,445	95.80	139,334	0.16	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617FFZ84	3617FFZ84	Ginnie Mae II Pool 5% 08/20/2052	131,711	100.16	131,917	0.16	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617NEKL5	3617NEKL5	Ginnie Mae II Pool 3.5% 05/20/2050	134,582	91.92	123,703	0.15	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179Y7E8	36179Y7E8	Ginnie Mae II Pool 5.5% 09/20/2054	129,480	100.67	130,349	0.15	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617MQDQ6	3617MQDQ6	Ginnie Mae II Pool 3.5% 12/20/2050	133,517	91.92	122,724	0.14	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617YXL48	3617YXL48	Ginnie Mae II Pool 3% 09/20/2052	117,380	90.00	105,644	0.12	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179XGX8	36179XGX8	Ginnie Mae II Pool 2% 01/20/2037	105,879	94.17	99,701	0.12	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179VFD7	36179VFD7	Ginnie Mae II Pool 3% 02/20/2050	112,353	89.08	100,089	0.12	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36180CDB2	36180CDB2	Ginnie Mae I Pool 2.5% 04/15/2043	97,328	88.50	86,133	0.10	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36179W7G7	36179W7G7	Ginnie Mae II Pool 1.5% 12/20/2043	100,184	87.11	87,272	0.10	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617F6UJ5	3617F6UJ5	Ginnie Mae II Pool 3.5% 05/20/2052	81,112	91.45	74,179	0.09	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36295CF89	36295CF89	Ginnie Mae I Pool 2.5% 12/15/2042	74,422	88.42	65,801	0.08	84,693,840	4,200,000	168.00
11/28/2025	VETZ	8316A0WP1	8316A0WP1	Small Business Administration Pools 4.6% 09/25/2034	62,021	99.64	61,795	0.07	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3617N7YM3	3617N7YM3	Ginnie Mae II Pool 2.5% 04/20/2050	59,455	86.43	51,386	0.06	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36180CDA4	36180CDA4	Ginnie Mae I Pool 2.5% 04/15/2043	37,583	88.50	33,260	0.04	84,693,840	4,200,000	168.00
11/28/2025	VETZ	3618FFT97	3618FFT97	Ginnie Mae II Pool 7% 08/20/2053	33,370	103.71	34,609	0.04	84,693,840	4,200,000	168.00
11/28/2025	VETZ	36180CDC0	36180CDC0	Ginnie Mae I Pool 2.5% 05/15/2043	9,739	88.50	8,618	0.01	84,693,840	4,200,000	168.00

Fund holdings and sector allocations are subject to change.

LITERATURE

BUY VETZ

Information on the Academy Veteran Bond ETF (VETZ) is available via phone (866) 631-0504. The VETZ ETF is available to purchase through various channels including, broker-dealers, investment advisers, and other financial services firms, including:

This Fund is not affiliated with these financial service firms. Their listing should not be viewed as a recommendation or endorsement.