TOEWS AGILITY SHARES DYNAMIC TACTICAL INCOME ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
July 31, 2021 | |||||||
Shares | Fair Value | ||||||
EXCHANGE-TRADED FUNDS — 98.9% | |||||||
FIXED INCOME - 98.9% | |||||||
139,400 | iShares iBoxx High Yield Corporate Bond ETF | $ 12,244,896 | |||||
123,100 | PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 12,228,754 | |||||
111,400 | SPDR Bloomberg Barclays High Yield Bond ETF | 12,228,378 | |||||
36,702,028 | |||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $36,616,934) | 36,702,028 | ||||||
TOTAL INVESTMENTS - 98.9% (Cost $36,616,934) | $ 36,702,028 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 1.1% | 419,655 | ||||||
NET ASSETS - 100.0% | $ 37,121,683 | ||||||
ETF | - Exchange-Traded Fund |
SPDR | - Standard & Poor's Depositary Receipt |
TOEWS AGILITY SHARES MANAGED RISK ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
July 31, 2021 | |||||||
Shares | Fair Value | ||||||
EXCHANGE-TRADED FUNDS — 75.5% | |||||||
FIXED INCOME - 75.5% | |||||||
28,200 | iShares Core U.S. Aggregate Bond ETF | $ 3,284,172 | |||||
38,200 | Vanguard Total Bond Market ETF | 3,314,232 | |||||
6,598,404 | |||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $6,505,707) | 6,598,404 | ||||||
Contracts(a) | |||||||
INDEX OPTIONS PURCHASED - 7.4% | Broker/Counterparty | Expiration Date | Exercise Price | Notional Value | Fair Value | ||
PUT OPTIONS PURCHASED - 7.4% | |||||||
21 | S&P500 INDEX SPX US 12/16/22 P4125 | EDF | 12/16/2022 | $ 4,125 | $ 8,662,500 | $ 649,530 | |
TOTAL INDEX OPTIONS PURCHASED (Cost - $759,011) | 649,530 | ||||||
Contracts(b) | |||||||
FUTURE OPTIONS PURCHASED - 0.1% | Broker/Counterparty | Expiration Date | Exercise Price | Notional Value | Fair Value | ||
PUT OPTIONS PURCHASED - 0.1% | |||||||
21 | S&P500 E-Mini OPTN Sep21P ESU1P 3560 Index | EDF | 09/17/2021 | $ 3,560 | $ 3,738,000 | $ 8,295 | |
TOTAL FUTURE OPTIONS PURCHASED (Cost - $14,100) | 8,295 | ||||||
TOTAL INVESTMENTS - 83.0% (Cost $7,278,818) | $ 7,256,229 | ||||||
CALL OPTIONS WRITTEN - (0.5)% (Proceeds - $40,362) | (40,845) | ||||||
PUT OPTIONS WRITTEN - (0.6)% (Proceeds - $77,850) | (57,540) | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 18.1% | 1,586,070 | ||||||
NET ASSETS - 100.0% | $ 8,743,914 | ||||||
WRITTEN FUTURE OPTIONS - (1.1)% | Counterparty | Expiration Date | Exercise Price | Notional Value | Fair Value | ||
CALL OPTIONS WRITTEN- (0.5)% | |||||||
21 | S&P E-Mini 3rd Wk Aug21C 3EQ1C 4440 Index | EDF | 08/20/2021 | $ 4,440 | $ 4,662,000 | $ 26,250 | |
21 | S&P500 E-Mini OPTN Sep21C ESU1C 4570 Index | EDF | 09/17/2021 | 4,570 | 4,798,500 | 14,595 | |
TOTAL CALL OPTIONS WRITTEN (Proceeds - $40,362) | 40,845 | ||||||
TOEWS AGILITY SHARES MANAGED RISK ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
July 31, 2021 | |||||||
Contracts(b) | |||||||
WRITTEN FUTURE OPTIONS - (1.1)% (continued) | Counterparty | Expiration Date | Exercise Price | Notional Value | Fair Value | ||
PUT OPTIONS WRITTEN - (0.6)% | |||||||
21 | S&P500 E-Mini OPTN Sep21P ESU1P 4240 Index | EDF | 09/17/2021 | $ 4,240 | $ 4,452,000 | $ 57,540 | |
TOTAL PUT OPTIONS WRITTEN (Proceeds - $77,850) | |||||||
TOTAL FUTURE OPTIONS WRITTEN (Proceeds - $118,212) | $ 98,385 | ||||||
OPEN FUTURES CONTRACTS | |||||||
Contracts | Open Long Futures Contracts | Expiration | Notional Amount(c) | Unrealized Appreciation | |||
39 | CME E-Mini Standard & Poor's 500 Index Future | 09/17/2021 | $ 8,559,525 | $ 259,663 | |||
7 | Micro E-Mini S&P 500 Future | 09/17/2021 | 153,633 | 560 | |||
TOTAL FUTURES CONTRACTS | $ 260,223 | ||||||
ETF | - Exchange-Traded Fund |
EDF | - ED&F Man Capital Markets, Inc. |
(a) | Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security. |
(b) | Each contract is equivalent to 50 futures contracts. |
(c) | The amounts shown are the underlying reference notional amounts to stock exchange indices and equities upon which the fair value of the futures contracts held by the Fund are based. Notional values do not represent the current fair value of, and are not necessarily indicative of the future cash flows of the Fund's futures contracts. Further, the underlying price changes in relation to the variables specified by the notional values affects the fair value of these derivative financial instruments. The notional values as set forth within this schedule do not purport to represent economic value at risk to the Fund. |