Ironclad Managed Risk Fund
SCHEDULE OF INVESTMENTS
As of December 31, 2023 (Unaudited)
Number of Shares | Value | |
EXCHANGE-TRADED FUNDS – 94.6% | ||
148,775 | iShares Core S&P 500 ETF | $71,059,403 |
16,603 | SPDR S&P 500 ETF Trust | 7,891,572 |
162,858 | Vanguard S&P 500 ETF | 71,136,375 |
TOTAL EXCHANGE-TRADED FUNDS | ||
(Cost $142,790,806) | 150,087,350 |
Number of Contracts | ||
PURCHASED OPTIONS CONTRACTS – 1.1% | ||
PUT OPTIONS – 1.1% | ||
S&P 500 Index | ||
268 | Exercise Price: $4,675.00, Notional Amount: $125,290,000, Expiration Date: March 28, 2024 | 1,826,420 |
TOTAL PUT OPTIONS | ||
(Cost $1,822,937) | 1,826,420 | |
TOTAL PURCHASED OPTIONS CONTRACTS | ||
(Cost $1,822,937) | 1,826,420 |
Principal Amount | ||
SHORT-TERM INVESTMENTS–23.7% | ||
$37,625,119 | UMB Bank Demand Deposit, 4.79%1 | 37,625,119 |
TOTAL SHORT-TERM INVESTMENTS | ||
(Cost $37,625,119) | 37,625,119 | |
TOTAL INVESTMENTS – 119.4% | ||
(Cost $182,238,862) | 189,538,889 | |
Liabilities in Excess of Other Assets – (19.4)% | (30,814,341) | |
TOTAL NET ASSETS – 100.0% | $158,724,548 |
ETF – Exchange-Traded Fund |
1The rate is the annualized seven-day yield at period end. |