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Schedule of Investments |
November 30, 2023 (unaudited) |
Monteagle Enhanced Equity |
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| | | | | Shares or Principal | | |
Security Description | | | Amount ($) | | Fair Value ($)(1) |
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Common Stocks - 57.15% |
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Automobiles & Components - 2.32% | | | | | |
Borgwarner, Inc. | | | | 9,200 | | 309,948 |
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Chemicals - 2.29% | | | | | | |
Dow, Inc. | | | | | 5,900 | | 305,325 |
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Communication Services - 2.42% | | | | | |
Liberty Formula One Group (2) | | | 5,100 | | 324,666 |
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Consumer Services - 2.10% | | | | | |
McDonald's Corp. | | | | 1,000 | | 281,840 |
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Data & Transaction Processing - 3.40% | | | | | |
MasterCard, Inc. Class A (2) | | | 1,100 | | 455,213 |
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Defense Primes - 2.92% | | | | | |
RTX Corp. | | | | | 4,800 | | 391,104 |
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Electric Utilities - 2.23% | | | | | |
NextEra Energy, Inc. | | | | 5,100 | | 298,401 |
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Food, Beverage & Tobacco - 5.75% | | | | | |
Coca-Cola Co. | | | | 7,100 | | 414,924 |
Mondelez International, Inc. Class A | | | 5,000 | | 355,300 |
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| | | | | | | 770,224 |
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Health Care Equipment & Services - 2.53% | | | | | |
Humana, Inc. | | | | | 700 | | 339,402 |
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Mass Merchants - 2.91% | | | | | |
Walmart, Inc. | | | | | 2,500 | | 389,225 |
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Medical Instruments & Equipment - 2.59% | | | | | |
Thermo Fisher Scientific, Inc. | | | 700 | | 347,032 |
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Oil & Gas - 3.54% | | | | | | |
Cheniere Energy, Inc. | | | | 2,600 | | 473,590 |
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Pharmaceuticals, Biotechnology & Life Science - 2.98% | | | | | |
AbbVie, Inc. | | | | | 2,800 | | 398,692 |
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Radio Telephone Communications - 3.03% | | | | | |
T-Mobile US, Inc. | | | | 2,700 | | 406,215 |
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Real Estate Management & Development - 2.85% | | | | | |
Ares Management Corporation (2) | | | 3,400 | | 381,650 |
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Software & Services - 5.64% | | | | | |
Salesforce.com, Inc. (2) | | | | 3,000 | | 755,700 |
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Technology Hardware & Equipment - 4.96% | | | | | |
Apple, Inc. (2) | | | | 3,500 | | 664,825 |
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Telecommunication Services - 2.69% | | | | | |
Verizon Communications, Inc. | | | 9,400 | | 360,302 |
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Total Common Stock | | | | (Cost $ 7,782,088) | | 7,653,354 |
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Real Estate Investment Trusts - 5.32% |
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Prologis, Inc. | 3,400 | | 390,762 |
SBA Communications Corp. | 1,300 | | 321,048 |
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Total Real Estate Investment Trusts | (Cost $ 770,542) | | 711,810 |
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Money Market Registered Investment Companies - 4.54% |
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Federated Hermes Government Obligations Fund - Institutional Class 5.23% (3) | 607,979 | | 607,979 |
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Total Money Market Registered Investment Companies | (Cost $ 607,979) | | 607,979 |
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Total Investments - 67.01% | (Cost $ 8,882,630) | | 8,973,143 |
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Other Assets less Liabilities - 32.99% | | | 4,417,647 |
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Total Net Assets - 100.00% | | | 13,390,790 |
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Options |
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| | | Long (Short) | | Notional Value of | | Fair |
| | | Contracts | Expiration Date | Contracts ($) | | Value ($) |
Call Options Written | | | | | | |
Cheniere Energy, Inc., Strike $177.50 | -26 | 12/1/2023 | (461,500) | | (10,400) |
Salesforce, Inc., Strike $230.00 | -30 | 12/1/2023 | (690,000) | | (64,800) |
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Total Call Options Written | -56 | | (1,151,500) | | (75,200) |
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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) |
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The following is a summary of the inputs used as of November 30, 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 | | | $ | 8,973,143 | $ | 0 |
Level 2 - Other Significant Observable Inputs | | | 0 | | - |
Level 3 - Significant Unobservable Inputs | | | - | | - |
Total | | | | $ | 8,973,143 | $ | 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. |
(3) Investment in affiliate. The yield shown represents the 7-day yield in effect at November 30, 2023. |
