Schedule of Investments | |||||||
February 28, 2023 (unaudited) | |||||||
Parvin Hedged Equity Solari World Fund | |||||||
Shares or Principal | |||||||
Security Description |
|
| Amount ($) |
| Fair Value ($)(1) | ||
| |||||||
Common Stocks - 84.33% | |||||||
Agricultural Chemicals - 2.70% | |||||||
Nutrien Ltd. (Canada) | 1,750 | 136,115 | |||||
Agricultural Services - 3.19% | |||||||
Calavo Growers, Inc. | 5,000 | 161,350 | |||||
Arrangement of Transportation, Freight & Cargo - 3.17% | |||||||
C.H. Robinson Worldwide, Inc. | 1,600 | 159,936 | |||||
Beverages - 1.51% | |||||||
Ambev SA ADR | 30,000 | 76,500 | |||||
Consumer Staple Products - 3.05% | |||||||
Orkla ASA ADR (2) | 23,000 | 154,330 | |||||
Crude Petroleum & Natural Gas - 1.79% | |||||||
GeoPark Ltd. (Colombia) | 7,000 | 90,580 | |||||
Electromedical & Electrotherapeutic Apparatus - 3.28% | |||||||
Medtronic PLC (Ireland) | 2,000 | 165,600 | |||||
Gold and Silver Ores - 5.47% | |||||||
Agnico Eagle Mines Limited | 4,000 | 184,120 | |||||
Silvercorp Metals, Inc. (2) | 30,000 | 92,100 | |||||
276,220 | |||||||
Industrial Energy Products - 0.15% | |||||||
Accelleron Industries AG ADR (2) | 312 | 7,588 | |||||
Industrial Inoragnic Chemicals - 4.10% | |||||||
Air Products & Chemicals, Inc. | 725 | 207,336 | |||||
Insurance Agents, Brokers & Services - 5.86% | |||||||
BB Seguridade Participacoes SA ADR | 16,000 | 106,640 | |||||
Zurich Insurance Group AG ADR (2) | 4,000 | 189,400 | |||||
296,040 | |||||||
Miscellaneous Manufacturing Industries - 3.31% | |||||||
Amcor PLC (Switzerland) | 15,000 | 167,100 | |||||
Petroleum Refining - 2.72% | |||||||
Equinor ASA ADR | 4,500 | 137,295 | |||||
Radiotelephone Communications - 1.51% | |||||||
Mobile TeleSystems PJSC ADR (2) | 10,000 | 0 | |||||
SK Telecom Co. Ltd. ADR | 4,000 | 76,120 | |||||
76,120 | |||||||
Retail - Eating Places- 3.88% | |||||||
Cracker Barrel Old Country Store, Inc. | 1,800 | 196,128 | |||||
Search, Detection, Navigation, Guidance, Aeronautical Systems - 3.88% | |||||||
Garmin Ltd. (Switzerland) (2) | 2,000 | 196,260 | |||||
Semiconductors & Related Devices - 6.30% | |||||||
ChipMOS Technologies, Inc. ADR (2) | 4,000 | 94,120 | |||||
Intel Corp. | 5,500 | 137,115 | |||||
Taiwan Semiconductor Manufacturing Co. (Taiwan) | 1,000 | 87,070 | |||||
318,305 | |||||||
Services - Business Services - 6.28% | |||||||
eBay, Inc. | 4,250 | 195,075 | |||||
MercadoLibre, Inc. (Argentina) (2) | 100 | 122,000 | |||||
Qiwi PLC ADR (2) | 10,000 | 0 | |||||
317,075 | |||||||
Services - Personal Services - 4.03% | |||||||
Carriage Services, Inc. | 6,000 | 203,520 | |||||
Services - Prepackaged Software - 3.85% | |||||||
Adobe, Inc. (2) | 600 | 194,370 | |||||
Surgical & Medical Instruments & Apparatus - 6.23% | |||||||
3M Co. | 1,400 | 150,836 | |||||
Becton, Dickinson & Co. | 700 | 164,185 | |||||
315,021 | |||||||
Switchgear & Switchboard Apparatus - 4.28% | |||||||
ABB Ltd. ADR (2) | 6,500 | 216,450 | |||||
Telephone Communications - 3.79% | |||||||
Telenor ASA ADR (2) | 17,000 | 191,420 | |||||
Total Common Stock | (Cost $ 4,744,045) | 4,260,659 | |||||
Money Market Registered Investment Companies - 14.69% | |||||||
Fidelity Investments Money Market Government Portfolio - Class I 2.03% (3) | 101,841 | 101,841 | |||||
First American Government Obligations Fund Class X - 2.04% (3) | 640,279 | 640,279 | |||||
Total Money Market Registered Investment Companies | (Cost $ 742,120) | 742,120 | |||||
Options Purchased - 0.75% | |||||||
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 | 7,950 | |||
iShares MSCI Emerging Markets ETF, June 16, 2023, Put @ $35.00 | 200 | 6/16/2023 | 700,000 | 10,800 | |||
Vanguard 500 Index Fund ETF, June 16, 2023, Put @ $310.00 | 80 | 6/16/2023 | 2,480,000 | 19,360 | |||
Total Options (Cost $ 155,950) | 430 | 4,080,000 | 38,110 | ||||
Total Investments - 99.77% | (Cost $ 5,642,116) | 5,040,889 | |||||
Other Assets less Liabilities - .23% | 11,762 | ||||||
Total Net Assets - 100.00% | 5,052,651 | ||||||
Options Written - 0.00% | |||||||
Long (Short) | Notional Value of | Fair | |||||
Contracts | Expiration Date | Contracts ($) | Value ($) | ||||
Call Options Written | |||||||
Becton, Dickinson & Co., Strike $260.00 | (7) | 3/17/2023 | (182,000) | (140) | |||
Adobe, Inc., Strike $380.00 | (6) | 3/17/2023 | (228,000) | (330) | |||
(13) | (410,000) | (470) | |||||
(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 February 28, 2023 in valuing the Fund's assets carried at fair value: | |||||||
|
|
|
|
| Investments in |
| Other Financial |
Valuation Inputs |
|
|
| Securities |
| Instruments (9) | |
Level 1 - Quoted Prices |
|
| $ | 5,002,779 | $ | 0 | |
Level 2 - Other Significant Observable Inputs |
|
| 38,110 |
| - | ||
Level 3 - Significant Unobservable Inputs |
|
| - |
| - | ||
Total |
|
|
| $ | 5,040,889 | $ | 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 February 28, 2023. |
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NPORT-P Filing
MSS Series Trust NPORT-PParvin Hedged Equity Solari World Fund (Feb 2023 report)
Filed: 27 Apr 23, 1:16pm