Schedule of Investments | |||||||
February 29, 2024 (unaudited) | |||||||
Parvin Hedged Equity Solari World Fund | |||||||
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| Shares or Principal |
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Security Description |
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| Amount ($) |
| Fair Value ($)(1) | ||
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Common Stocks - 80.74% | |||||||
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Agricultural Chemicals - 1.66% |
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Nutrien Ltd. (Canada) |
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| 1,750 |
| 91,420 | |
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Agricultural Services - 3.14% |
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Calavo Growers, Inc. |
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| 6,000 |
| 173,160 | |
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Arrangement of Transportation, Freight & Cargo - 2.35% |
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C.H. Robinson Worldwide, Inc. |
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| 1,750 |
| 129,640 | ||
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Beverages - 5.91% |
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Ambev SA ADR |
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| 55,000 |
| 136,950 | |
Diageo plc |
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| 1,250 |
| 188,500 |
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| 325,450 |
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Consumer Staple Products - 3.00% |
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Orkla ASA ADR |
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| 23,000 |
| 165,370 | |
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Crude Petroleum & Natural Gas - 2.34% |
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GeoPark Ltd. (Colombia) |
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| 15,000 |
| 129,000 | |
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Electromedical & Electrotherapeutic Apparatus - 3.40% |
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Medtronic PLC (Ireland) |
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| 2,250 |
| 187,560 | |
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Gold and Silver Ores - 6.11% |
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Agnico Eagle Mines Ltd. |
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| 4,000 |
| 192,240 | |
Silvercorp Metals, Inc. |
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| 60,000 |
| 144,600 | |
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| 336,840 |
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Industrial Inoragnic Chemicals - 2.34% |
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Air Products & Chemicals, Inc. |
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| 550 |
| 128,722 | ||
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Insurance Agents, Brokers & Services - 2.81% |
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BB Seguridade Participacoes SA ADR |
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| 23,000 |
| 154,790 | ||
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Mineral Royalty Traders - 2.79% |
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Royal Gold, Inc. |
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| 1,500 |
| 153,945 | |
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Miscellaneous Manufacturing Industries - 2.96% |
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Amcor PLC (Switzerland) |
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| 18,000 |
| 163,080 | ||
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Ordnance & Accessories (No Vehicles/Guided Missiles) - 2.55% |
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Sturm Ruger & Co., Inc. |
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| 3,250 |
| 140,790 | |
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Petroleum Refining - 2.23% |
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Equinor ASA ADR |
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| 5,000 |
| 123,100 | |
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Radiotelephone Communications - 2.78% |
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Mobile TeleSystems PJSC ADR |
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| 10,000 |
| 0 | ||
SK Telecom Co. Ltd. ADR |
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| 7,000 |
| 153,300 | ||
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| 153,300 |
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Retail - Catalog & Mail-Order Houses - 2.69% |
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Coupang, Inc. Class A (2) |
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| 8,000 |
| 148,160 | |
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Retail - Eating Places- 3.00% |
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Cracker Barrel Old Country Store, Inc. |
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| 2,500 |
| 165,325 | ||
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Search, Detection, Navigation, Guidance, Aeronautical Systems & Instruments - 3.74% |
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Garmin Ltd. (Switzerland) |
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| 1,500 |
| 206,025 | ||
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Semiconductors & Related Devices - 7.73% |
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ChipMOS Technologies, Inc. ADR |
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| 6,000 |
| 168,540 | ||
Intel Corp. |
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| 1,500 |
| 64,575 |
Taiwan Semiconductor Manufacturing Co. ADR |
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| 1,500 |
| 193,005 | ||
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| 426,120 |
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Services - Business Services - 6.54% |
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eBay, Inc. |
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| 4,250 |
| 200,940 |
MercadoLibre, Inc. (Argentina) (2) |
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| 100 |
| 159,530 | ||
Qiwi PLC ADR |
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| 10,000 |
| 0 | |
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| 360,470 |
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Services - Personal Services - 2.70% |
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Carriage Services, Inc. (2) |
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| 6,000 |
| 148,920 | ||
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Surgical & Medical Instruments & Apparatus - 2.93% |
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3M Co. |
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| 1,750 |
| 161,210 |
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Switchgear & Switchboard Apparatus - 1.67% |
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ABB Ltd. ADR (2) |
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| 2,000 |
| 92,080 | |
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Telephone Communications - 3.36% |
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Telenor ASA ADR |
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| 17,000 |
| 184,960 | |
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Total Common Stock |
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| (Cost $ 4,908,696) |
| 4,449,437 | |
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Money Market Registered Investment Companies - 18.37% | |||||||
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Fidelity Investments Money Market Government Portfolio - Class I 5.21% (3) | 107,056 |
| 107,056 | ||||
First American Government Obligations Fund Class X - 5.22% (3) | 905,286 |
| 905,286 | ||||
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Total Money Market Registered Investment Companies | (Cost $ 1,012,342) |
| 1,012,342 | ||||
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Options Purchased - 1.00% | |||||||
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| Long (Short) |
| Notional Value of |
| Fair |
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| Contracts | Expiration Date | Contracts ($) |
| Value ($) |
Put Options |
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iShares MSCI Emerging Markets ETF, December 20, 2024, Put @ $35.00 | 220 | 12/20/2024 | 770,000 |
| 16,500 | ||
SPDR S&P 500 ETF Trust, December 20, 2024, Put @ $400.00 | 95 | 12/20/2024 | 3,800,000 |
| 38,665 | ||
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Total Options (Cost $ 176,425) | 315 |
| 4,570,000 |
| 55,165 | ||
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Total Investments - 100.11% | (Cost $ 6,097,463) |
| 5,516,944 | ||||
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Other Liabilities Less Assets - -.11% |
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| (6,423) | ||||
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Total Net Assets - 100.00% |
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| 5,510,668 | ||||
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(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) | |||||||
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The following is a summary of the inputs used as of February 29, 2024 in valuing the Fund's assets carried at fair value: | |||||||
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| Investments in |
| Other Financial |
Valuation Inputs |
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| Securities |
| Instruments (9) | |
Level 1 - Quoted Prices |
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| $ | 5,461,779 | $ | 0 | |
Level 2 - Other Significant Observable Inputs |
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| 55,165 |
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Level 3 - Significant Unobservable Inputs |
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| - |
| - | ||
Total |
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| $ | 5,516,944 | $ | 0 |
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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. | |||||||
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(2) Represents non-income producing securities. | |||||||
(3) Investment in affiliate. The yield shown represents the 7-day yield in effect at February 29, 2024. |
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NPORT-P Filing
MSS Series Trust NPORT-PParvin Hedged Equity Solari World Fund (Feb 2024 report)
Filed: 22 Apr 24, 10:07am