Schedule of Investments | |||||||
September 29, 2023 (unaudited) | |||||||
West Hills Tactical Core Fund | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
| Shares or Principal |
|
|
Security Description |
|
| Amount ($) |
| Fair Value ($)(1) | ||
|
|
|
|
|
|
|
|
|
|
|
| ||||
Exchanged Traded Funds - 98.10% (4) | |||||||
|
|
|
| ||||
SPDR S&P 500 ETF Trust | 16,115 |
| 6,888,840 | ||||
|
|
|
| ||||
|
|
|
| ||||
Total Exchange Traded Funds | (Cost $ 6,888,840) |
| 6,888,840 | ||||
|
|
|
| ||||
Money Market Registered Investment Companies - 1.54% | |||||||
|
|
|
| ||||
Federated Hermes Treasury Obligations Fund - Service Shares, 5.20% (3) | 108,106 |
| 108,106 | ||||
|
|
|
| ||||
Total Money Market Registered Investment Companies | (Cost $ 108,106) |
| 108,106 | ||||
|
|
|
| ||||
Total Investments - 100.54% | (Cost $ 6,996,946) |
| 7,061,036 | ||||
|
|
|
| ||||
Liabilities in Excess of Other Assets - (.55%) |
|
| (38,839) | ||||
|
|
|
| ||||
Total Net Assets - 100.00% |
|
| 7,022,197 | ||||
|
|
|
| ||||
Options | |||||||
|
|
|
|
|
| ||
| Long (Short) |
| Notional Value of |
| Fair | ||
| Contracts | Expiration Date | Contracts ($) |
| Value ($) | ||
|
|
|
|
|
| ||
|
|
|
|
|
| ||
Put Options |
|
|
|
|
| ||
SPDR S&P 500 ETF Trust, Strike $441.00 | 13 | 10/20/2023 | 573,300 |
| 19,500 | ||
SPDR S&P 500 ETF Trust, Strike $440.00 | 13 | 10/27/2023 | 572,000 |
| 18,005 | ||
SPDR S&P 500 ETF Trust, Strike $424.00 | 13 | 11/3/2023 | 551,200 |
| 7,904 | ||
SPDR S&P 500 ETF Trust, Strike $434.00 | 13 | 10/13/2023 | 564,200 |
| 10,790 | ||
SPDR S&P 500 ETF Trust, Strike $420.00 | 13 | 11/17/2023 | 546,000 |
| 7,891 | ||
|
|
|
|
|
| ||
| 65 |
| 2,806,700 |
| 64,090 | ||
|
|
|
|
|
| ||
|
|
|
|
|
| ||
|
|
|
|
|
| ||
| 0 |
| 0 |
| 0 | ||
Call Options Written |
|
|
|
|
| ||
SPDR S&P 500 ETF Trust, Strike $445.00 | (25) | 11/17/2023 | (1,112,500) |
| (8,325) | ||
SPDR S&P 500 ETF Trust, Strike $446.00 | (25) | 11/3/2023 | (1,115,000) |
| (4,475) | ||
|
|
|
|
|
| ||
| (50) |
| (2,227,500) |
| (12,800) | ||
|
|
|
|
|
| ||
Put Options Written |
|
|
|
|
| ||
SPDR S&P 500 ETF Trust, Strike $405.00 | (13) | 10/20/2023 | (526,500) |
| (1,456) | ||
SPDR S&P 500 ETF Trust, Strike $405.00 | (13) | 10/27/2023 | (526,500) |
| (2,080) | ||
SPDR S&P 500 ETF Trust, Strike $410.00 | (13) | 10/13/2023 | (533,000) |
| (1,274) | ||
SPDR S&P 500 ETF Trust, Strike $390.00 | (13) | 11/3/2023 | (507,000) |
| (1,287) | ||
SPDR S&P 500 ETF Trust, Strike $385.00 | (13) | 11/17/2023 | (500,500) |
| (1,729) | ||
|
|
|
|
|
| ||
| (65) |
| (2,593,500) |
| (7,826) | ||
|
|
|
|
|
| ||
Total Options |
|
|
|
| (Cost $ 37,734) |
| 43,464 |
|
|
|
|
|
|
|
|
(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 September 29, 2023 in valuing the Fund's assets carried at fair value: | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments in |
| Other Financial |
Valuation Inputs |
|
|
| Securities |
| Instruments (5) | |
Level 1 - Quoted Prices |
|
| $ | 7,061,036 | $ | 0 | |
Level 2 - Other Significant Observable Inputs |
|
| - |
| - | ||
Level 3 - Significant Unobservable Inputs |
|
| - |
| - | ||
Total |
|
|
| $ | 7,061,036 | $ | 0 |
|
|
|
|
|
|
|
|
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. | |||||||
|
|
|
|
|
|
|
|
(2) Represents non-income producing securities. | |||||||
(3) Variable rate security; the coupon rate shown represents the yield at September 29, 2023. | |||||||
(4) Exchange-traded fund. |
- FRNKX Dashboard
- Filings
-
NPORT-P Filing
Frank Value Fund (FRNKX) NPORT-PWest Hills Core Fund (Sep 2023 report)
Filed: 24 Nov 23, 11:24am