Schedule of Investments | |||||||
August 31, 2022 (unaudited) | |||||||
Parvin Hedged Equity Solari World Fund | |||||||
Shares or Principal | |||||||
Security Description |
|
| Amount ($) |
| Fair Value ($)(1) | ||
| |||||||
Common Stocks - 78.78% | |||||||
Agricultural Chemicals - 3.26% | |||||||
Nutrien Ltd. (Canada) | 1,750 | 160,598 | |||||
Agricultural Services - 2.36% | |||||||
Calavo Growers, Inc. | 2,750 | 115,610 | |||||
Arrangement of Transportation of Freight & Cargo - 0.00% | |||||||
C.H. Robinson Worldwide, Inc. | 1,600 | 182,640 | |||||
Beverages - 1.77% | |||||||
Ambev SA ADR (2) | 30,000 | 87,000 | |||||
Consumer Staple Products - 3.94% | |||||||
Orkla ASA ADR (2) | 23,000 | 193,200 | |||||
Crude Petroleum & Natural Gas - 1.75% | |||||||
GeoPark Ltd. (Colombia) | 7,000 | 86,100 | |||||
Electromedical & Electrotherapeutic Apparatus - 3.58% | |||||||
Medtronic plc (2) | 2,000 | 175,840 | |||||
Industrial Inoragnic Chemicals - 3.73% | |||||||
Air Products & Chemicals, Inc. | 725 | 183,026 | |||||
Insurance Agents, Brokers & Services - 5.38% | |||||||
BB Seguridade Participacoes SA ADR | 16,000 | 86,720 | |||||
Zurich Insurance Group AG ADR | 4,000 | 177,200 | |||||
263,920 | |||||||
Miscellaneous Manufacturing Industries - 3.67% | |||||||
Amcor PLC (Switzerland) | 15,000 | 180,150 | |||||
Petroleum Refining - 3.56% | |||||||
Equinor ASA ADR | 4,500 | 174,555 | |||||
Radiotelephone Communications - 2.86% | |||||||
Mobile TeleSystems PJSC ADR | 10,000 | 55,000 | |||||
SK Telecom Co. Ltd. ADR | 4,000 | 85,400 | |||||
140,400 | |||||||
Retail - Eating Places- 3.96% | |||||||
Cracker Barrel Old Country Store, Inc. (2) | 1,800 | 194,292 | |||||
Search, Detection, Navigation, Guidance, Aeronautical Systems - 3.61% | |||||||
Garmin Ltd. (2) | 2,000 | 176,980 | |||||
Semiconductors & Related Devices - 7.05% | |||||||
ChipMOS Technologies, Inc. ADR | 3,750 | 86,887 | |||||
Intel Corp. | 5,500 | 175,560 | |||||
Taiwan Semiconductor Manufacturing Co. Ltd. (2) | 1,000 | 83,350 | |||||
345,797 | |||||||
Services - Business Services - 6.50% | |||||||
eBay, Inc. | 4,000 | 176,520 | |||||
MercadoLibre, Inc. (Argentina) (2) | 100 | 85,536 | |||||
Qiwi PLC ADR (2) | 10,000 | 56,700 | |||||
318,756 | |||||||
Services - Prepackaged Software - 3.80% | |||||||
Adobe, Inc. (2) | 500 | 186,720 | |||||
Surgical & Medical Instruments & Apparatus - 7.15% | |||||||
3M Co. | 1,400 | 174,090 | |||||
Becton, Dickinson & Co. | 700 | 176,694 | |||||
350,784 | |||||||
Switchgear & Switchboard Apparatus - 3.51% | |||||||
ABB Ltd. ADR (2) | 6,250 | 172,313 | |||||
Telephone Communications - 3.62% | |||||||
Telenor ASA ADR | 16,250 | 177,450 | |||||
Total Common Stock | (Cost $ 4,188,298) | 3,866,131 | |||||
Money Market Registered Investment Companies - 21.05% | |||||||
First American Government Obligations Fund Class X - 2.04% (3) | 932,783 | ||||||
Fidelity Investments Money Market Government Portfolio - Class I 2.03% (3) | 100,263 | ||||||
Total Money Market Registered Investment Companies | (Cost $ 1,033,046) | 1,033,046 | |||||
Options Purchased - 4.40% | |||||||
Long (Short) | Notional Value of | Fair | |||||
Contracts | Expiration Date | Contracts ($) | Value ($) | ||||
Put Options | |||||||
iShares MSCI EAFE ETF, June 16, 2023, Put @ $60.00 | 150 | 6/16/2023 | 900,000 | 58,125 | |||
iShares MSCI Emerging Markets ETF, June 16, 2023, Put @ $35.00 | 200 | 6/16/2023 | 700,000 | 32,600 | |||
S&P 500 Index, June 16, 2023, Put @ $3,500.00 | 8 | 6/16/2023 | 2,800,000 | 125,408 | |||
Total Options (Cost $ 233,395) | 358 | 4,400,000 | 216,133 | ||||
Total Investments - 104.24% | (Cost $ 5,454,739) | 5,115,310 | |||||
Other Assets less Liabilities - -4.24% | (208,031) | ||||||
Total Net Assets - 100.00% | 4,907,279 | ||||||
Options Written - 0.00% | |||||||
Long (Short) | Notional Value of | Fair | |||||
Contracts | Expiration Date | Contracts ($) | Value ($) | ||||
Call Options Written | |||||||
Becton, Dickinson & Co., Strike $270.00 | (7) | 9/16/2022 | (189,000) | (210) | |||
CH Robinson Worldwide, Inc., Strike $120.00 | (16) | 9/16/2022 | (192,000) | (912) | |||
Nutrien, Ltd., Strike $95.00 | (17) | 9/16/2022 | (161,500) | (3,825) | |||
(40) | (542,500) | (4,947) | |||||
(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 August 31, 2022 in valuing the Fund's assets carried at fair value: | |||||||
|
|
|
|
| Investments in |
| Other Financial |
Valuation Inputs |
|
|
| Securities |
| Instruments (9) | |
Level 1 - Quoted Prices |
|
| $ | 4,899,177 | $ | 0 | |
Level 2 - Other Significant Observable Inputs |
|
| 216,133 |
| - | ||
Level 3 - Significant Unobservable Inputs |
|
| - |
| - | ||
Total |
|
|
| $ | 5,115,310 | $ | 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) Investment in affiliate. The yield shown represents the 7-day yield in effect at August 31, 2022. |
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NPORT-P/A Filing
MSS Series Trust NPORT-P/AParvin Hedged Equity Solari World Fund (Aug 2022 report)
Filed: 19 Oct 22, 4:59pm