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Schedule of Investments |
May 31, 2024 (unaudited) |
Monteagle Enhanced Equity |
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| Shares or Principal |
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Security Description | | | Amount ($) | | Fair Value ($)(1) |
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Common Stocks - 77.10% |
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Automobiles & Components - 2.51% |
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Borgwarner, Inc. |
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| 9,200 |
| 328,072 |
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Commercial & Professional Services - 2.83% |
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Republic Services, Inc. (2) |
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| 2,000 |
| 370,380 |
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Communication Services - 2.89% |
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Liberty Formula One Group (2) |
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| 5,100 |
| 378,114 |
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Computers - 2.99% |
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Dell Technologies, Inc. |
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| 2,800 |
| 390,768 |
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Data & Transaction Processing - 3.07% |
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MasterCard, Inc. Class A |
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| 900 |
| 402,363 |
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Diversified Financials - 3.02% |
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Apollo Global Management, Inc. |
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| 3,400 |
| 394,944 |
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Food, Beverage & Tobacco - 2.93% |
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The Coca-Cola Co. |
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| 6,100 |
| 383,873 |
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Health Care Equipment & Services - 4.57% |
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Humana, Inc. |
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| 700 |
| 250,684 |
UnitedHealth Group, Inc. |
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| 700 |
| 346,759 |
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| 597,443 |
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Hotels & Motels - 2.91% |
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Hilton Worldwide Holdings, Inc. |
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| 1,900 |
| 381,140 |
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Industrial Products - 2.80% |
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Eaton Corp. plc |
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| 1,100 |
| 366,135 |
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Internet - 2.77% |
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Alphabet, Inc. (2) |
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| 2,100 |
| 362,250 |
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Mass Merchants - 3.12% |
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Walmart, Inc. |
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| 6,200 |
| 407,712 |
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Medical Instruments & Equipment - 3.04% |
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Thermo Fisher Scientific, Inc. |
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| 700 |
| 397,586 |
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Oil & Gas - 8.27% |
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Cheniere Energy, Inc. |
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| 2,200 |
| 347,138 |
Exxon Mobil Corp. |
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| 3,300 |
| 386,958 |
Linde plc (2) |
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| 800 |
| 348,416 |
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| 1,082,512 |
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Pharmaceuticals, Biotechnology & Life Science - 5.84% |
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AbbVie, Inc. |
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| 2,200 |
| 354,728 |
Eli Lilly & Co. |
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| 500 |
| 410,170 |
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| 764,898 |
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Radio Telephone Communications - 3.07% |
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T-Mobile US, Inc. |
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| 2,300 |
| 402,408 |
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Real Estate Management & Development - 2.78% |
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Ares Management Corp. (2) |
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| 2,600 |
| 364,442 |
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Software & Services - 17.69% |
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Amazon.com, Inc. (2) |
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| 2,100 |
| 370,524 |
Microsoft Corp. |
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| 1,600 |
| 664,208 |
Salesforce.com, Inc. (2) |
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| 2,200 |
| 515,768 |
SeviceNow, Inc. (2) |
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| 500 |
| 328,465 |
Visa, Inc. Class A |
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| 1,600 |
| 435,936 |
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| 2,314,901 |
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Total Common Stock |
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| (Cost $ 10,327,205) |
| 10,089,941 |
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Exchange Traded Funds - 1.61% |
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SPDR S&P 500 ETF Trust | 400 |
| 210,948 |
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Total Exchange Traded Funds | (Cost $ 200,338) |
| 210,948 |
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Real Estate Investment Trusts - 4.82% |
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Prologis, Inc. | 3,400 |
| 375,666 |
SBA Communications Corp. | 1,300 |
| 255,684 |
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Total Real Estate Investment Trusts | (Cost $ 770,542) |
| 631,350 |
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Money Market Registered Investment Companies - 11.03% |
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Federated Hermes Government Obligations Fund - Institutional Class 5.23% (3) | 1,443,489 |
| 1,443,489 |
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Total Money Market Registered Investment Companies | (Cost $ 1,443,489) |
| 1,443,489 |
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Total Investments - 94.56% | (Cost $ 14,061,061) |
| 12,375,728 |
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Other Assets less Liabilities - 5.44% |
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| 711,330 |
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Total Net Assets - 100.00% |
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| 13,087,058 |
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Options |
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| Long (Short) |
| Notional Value of |
| Fair |
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| Contracts | Expiration Date | Contracts ($) |
| Value ($) |
Call Options Written |
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Eli Lilly and Company Strike $855.00 | -5 | 6/21/2024 | (427,500) |
| (3,950) |
Republic Services, Inc. Strike $190.00 | -20 | 6/21/2024 | (380,000) |
| (1,600) |
T-Mobile US, Inc. Strike $175.00 | -23 | 6/21/2024 | (402,500) |
| (6,325) |
UnitedHealth Group Inc. Strike $540.00 | -7 | 6/21/2024 | (378,000) |
| (504) |
Walmart Inc. Strike $65.00 |
| -62 | 6/21/2024 | (403,000) |
| (9,176) |
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Total Call Options Written |
| -117 |
| (1,991,000) |
| (21,555) |
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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 May 31, 2024 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 | | | $ | 12,164,780 | $ | 0 |
Level 2 - Other Significant Observable Inputs | | | - | | - |
Level 3 - Significant Unobservable Inputs | | | - | | - |
Total | | | | $ | 12,164,780 | $ | 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 May 31, 2024. |
