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Schedule of Investments |
May 31, 2023 (unaudited) |
Monteagle Enhanced Equity |
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| | | | | Shares or Principal | | |
Security Description | | | Amount ($) | | Fair Value ($)(1) |
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Common Stocks - 49.66% |
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Banks - 2.38% | | | | | | |
JPMorgan Chase & Co. | | | | 2,200 | | 298,562 |
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Capital Goods - 2.08% | | | | | | |
Northrop Grumman Corp. | | | 600 | | 261,294 |
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Chemicals - 2.29% | | | | | | |
Dow, Inc. | | | | | 5,900 | | 287,802 |
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Data & Transaction Processing - 1.45% | | | | | |
MasterCard, Inc. Class A (2) | | | 500 | | 182,510 |
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Defense Primes - 2.57% | | | | | |
Raytheon Technologies Corporation | | | 3,500 | | 322,490 |
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Diversified Financials - 2.50% | | | | | |
Apollo Global Management, Inc. | | | 4,700 | | 314,195 |
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Food, Beverage & Tobacco - 3.37% | | | | | |
Coca-Cola Co. | | | | 7,100 | | 423,586 |
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Health Care Equipment & Services - 5.50% | | | | | |
Humana, Inc. | | | | | 700 | | 351,309 |
UnitedHealth Group, Inc. | | | | 700 | | 341,068 |
| | | | | | | |
| | | | | | | 692,377 |
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Industrial Products - 2.52% | | | | | |
Eaton Corporation PLC | | | | 1,800 | | 316,620 |
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Medical Instruments & Equipment - 2.43% | | | | | |
Thermo Fisher Scientific, Inc. (2) | | | 600 | | 305,076 |
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Oil & Gas - 2.89% | | | | | | |
Cheniere Energy, Inc. | | | | 2,600 | | 363,402 |
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Oil, Gas & Consumable Fuels - 2.28% | | | | | |
Exxon Mobil Corp. | | | | 2,800 | | 286,104 |
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Pharmaceuticals, Biotechnology & Life Science - 4.81% | | | | | |
AbbVie, Inc. | | | | | 2,600 | | 358,696 |
Gilead Sciences, Inc. | | | | 3,200 | | 246,208 |
| | | | | | | |
| | | | | | | 604,904 |
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Radio Telephone Communications - 2.95% | | | | | |
T-Mobile US, Inc. (2) | | | | 2,700 | | 370,575 |
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Technology Hardware & Equipment - 4.80% | | | | | |
Apple, Inc. | | | | | 3,400 | | 602,650 |
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Telecommunication Services - 2.24% | | | | | |
Verizon Communications, Inc. | | | 7,900 | | 281,477 |
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Utilities - 2.60% | | | | | | |
CenterPoint Energy, Inc. | | | | 11,600 | | 327,236 |
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Total Common Stock | | | | (Cost $ 6,368,226) | | 6,240,860 |
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Real Estate Investment Trusts - 2.29% |
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SBA Communications Corp. | 1,300 | | 288,314 |
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Total Real Estate Investment Trusts | (Cost $ 344,484) | | 288,314 |
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Money Market Registered Investment Companies - 19.80% |
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Federated Hermes Government Obligations Fund - Institutional Class 4.90% (5) | 2,488,232 | | 2,488,232 |
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Total Money Market Registered Investment Companies | (Cost $ 2,488,232) | | 2,488,232 |
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Total Investments - 71.75% | (Cost $ 9,200,942) | | 9,017,406 |
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Other Assets less Liabilities - 28.25% | | | 3,549,673 |
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Total Net Assets - 100.00% | | | 12,567,079 |
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Options |
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| | | Long (Short) | | Notional Value of | | Fair |
| | | Contracts | Expiration Date | Contracts ($) | | Value ($) |
Call Options Written | | | | | | |
Apple, Inc., Strike $180.00 | -34 | 6/16/2023 | (612,000) | | (9,112) |
Eaton Corporation PLC, Strike $180.00 | -18 | 6/16/2023 | (324,000) | | (4,500) |
JPMorgan Chase & Co, Strike $140.00 | -22 | 6/16/2023 | (308,000) | | (1,826) |
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Total Call Options Written | -74 | | (1,244,000) | | (15,438) |
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Put Options Written | | | | | | |
MasterCard, Inc., Strike $360.00 | -6 | 6/2/2023 | (216,000) | | (726) |
Mondelez International, Inc., Strike $73.00 | -49 | 6/2/2023 | (357,700) | | (1,960) |
Salesforce, Inc., Strike $205.00 | -30 | 6/2/2023 | (615,000) | | (10,500) |
Visa, Inc., Strike $220.00 | | -19 | 6/2/2023 | (418,000) | | (1,995) |
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Total Put Options Written | -104 | | (1,606,700) | | (15,181) |
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(1) Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments. |
These inputs are summarized in the three broad levels listed below. |
• Level 1 - quoted prices in active markets for identical securities |
• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) |
|
The following is a summary of the inputs used as of May 31, 2023 in valuing the Fund's assets carried at fair value: |
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| | | | | Investments in | | Other Financial |
Valuation Inputs | | | | Securities | | Instruments (9) |
Level 1 - Quoted Prices | | | $ | 9,017,406 | $ | 0 |
Level 2 - Other Significant Observable Inputs | | | 0 | | - |
Level 3 - Significant Unobservable Inputs | | | - | | - |
Total | | | | $ | 9,017,406 | $ | 0 |
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The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term |
debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment |
Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active |
market, such securities are reflected as Level 2. |
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(2) Represents non-income producing securities. |
(5) Investment in affiliate. The yield shown represents the 7-day yield in effect at May 31, 2023. |
