CBOE VEST S&P 500® DIVIDEND ARISTOCRATS TARGET INCOME FUND
Schedule of Investments | January 31, 2024 (unaudited) | |||
99.79% | COMMON STOCK |
| Shares | Value |
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4.53% | CONSUMER DISCRETIONARY |
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| Genuine Parts Co. . . . . . . . . . . . | 6,918 | $ 970,111 | |
| Lowe’s Cos., Inc. . . . . . . . . . . . . | 4,787 | 1,018,865 | |
| McDonald’s Corp. . . . . . . . . . . . | 3,465 | 1,014,275 | |
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| �� | 3,003,251 |
24.55% | CONSUMER STAPLES |
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| Archer-Daniels-Midland Co. . . . . . . . | 12,827 | 712,925 | |
| Brown-Forman Corp. Class B . . . . . . | 15,809 | 867,914 | |
| Church & Dwight Co. . . . . . . . . . . | 9,766 | 975,135 | |
| The Clorox Co . . . . . . . . . . . . . | 7,354 | 1,068,168 | |
| The Coca-Cola Co . . . . . . . . . . . | 16,074 | 956,242 | |
| Colgate-Palmolive Co. . . . . . . . . . | 12,279 | 1,033,892 | |
| Hormel Foods Corp. . . . . . . . . . . | 28,886 | 877,268 | |
| The JM Smucker Co . . . . . . . . . . | 7,921 | 1,042,008 | |
| Kenvue, Inc. . . . . . . . . . . . . . . | 44,593 | 925,751 | |
| Kimberly-Clark Corp. . . . . . . . . . . | 7,423 | 897,960 | |
| McCormick & Co., Inc. . . . . . . . . . | 14,303 | 974,892 | |
| PepsiCo, Inc. . . . . . . . . . . . . . | 5,495 | 926,072 | |
| The Procter & Gamble Co . . . . . . . . | 5,967 | 937,654 | |
| Sysco Corp. . . . . . . . . . . . . . . | 13,692 | 1,108,094 | |
| Target Corp. . . . . . . . . . . . . . . | 8,204 | 1,141,012 | |
| Walgreens Boots Alliance, Inc. . . . . . . | 41,700 | 941,169 | |
| Walmart, Inc. . . . . . . . . . . . . . . | 5,457 | 901,769 | |
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| 16,287,925 |
2.54% | ENERGY |
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| Chevron Corp. . . . . . . . . . . . . . | 5,685 | 838,140 | |
| Exxon Mobil Corp. . . . . . . . . . . . | 8,217 | 844,790 | |
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| 1,682,930 |
10.86% | FINANCIALS |
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| Aflac, Inc. . . . . . . . . . . . . . . . | 11,501 | 969,994 | |
| Brown & Brown, Inc. . . . . . . . . . . | 12,831 | 995,172 | |
| Chubb Ltd. . . . . . . . . . . . . . . | 4,231 | 1,036,595 | |
| Cincinnati Financial Corp. . . . . . . . . | 8,960 | 992,768 |
1
QUARTERLY REPORT
CBOE VEST S&P 500® DIVIDEND ARISTOCRATS TARGET INCOME FUND
Schedule of Investments - continued | January 31, 2024 (unaudited) | |||
| Franklin Resources, Inc. . . . . . . . . . |
| Shares | Value |
|
| 39,507 | $ 1,052,071 | |
| S&P Global, Inc. . . . . . . . . . . . . | 2,563 | 1,149,121 | |
| T Rowe Price Group, Inc. . . . . . . . . | 9,324 | 1,011,188 | |
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| 7,206,909 |
10.33% | HEALTH CARE |
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| Abbott Laboratories . . . . . . . . . . | 9,401 | 1,063,723 | |
| AbbVie, Inc. . . . . . . . . . . . . . . | 6,091 | 1,001,360 | |
| Becton Dickinson & Co. . . . . . . . . . | 3,436 | 820,551 | |
| Cardinal Health, Inc. . . . . . . . . . . | 9,573 | 1,045,276 | |
| Johnson & Johnson . . . . . . . . . . | 5,914 | 939,735 | |
| Medtronic plc . . . . . . . . . . . . . | 12,384 | 1,084,095 | |
| West Pharmaceutical Services, Inc. . . . . | 2,410 | 899,002 | |
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| 6,853,742 |
23.00% | INDUSTRIALS |
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| 3M Co. . . . . . . . . . . . . . . . . | 9,891 | 933,216 | |
| A O Smith Corp. . . . . . . . . . . . . | 13,420 | 1,041,526 | |
| Automatic Data Processing, Inc. . . . . . | 3,706 | 910,861 | |
| Caterpillar, Inc. . . . . . . . . . . . . . | 3,570 | 1,072,107 | |
| CH Robinson Worldwide, Inc. . . . . . . | 10,679 | 897,997 | |
| Cintas Corp. . . . . . . . . . . . . . . | 1,763 | 1,065,857 | |
| Dover Corp. . . . . . . . . . . . . . . | 6,760 | 1,012,513 | |
| Emerson Electric Co. . . . . . . . . . . | 9,818 | 900,605 | |
| Expeditors International of Washington, Inc. . | 7,944 | 1,003,566 | |
| General Dynamics Corp. . . . . . . . . | 3,839 | 1,017,297 | |
| Grainger WW, Inc. . . . . . . . . . . . | 1,300 | 1,164,332 | |
| Illinois Tool Works, Inc. . . . . . . . . . | 3,996 | 1,042,556 | |
| Nordson Corp. . . . . . . . . . . . . . | 4,169 | 1,049,421 | |
| Pentair plc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 14,988 | 1,096,672 | |
| Stanley Black & Decker, Inc. . . . . . . . | 11,232 | 1,047,946 | |
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| 15,256,472 |
3.30% | INFORMATION TECHNOLOGY |
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| International Business Machines Corp. . . | 6,492 | 1,192,321 | |
| Roper Technologies, Inc. . . . . . . . . | 1,854 | 995,598 | |
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| 2,187,919 |
2
QUARTERLY REPORT
CBOE VEST S&P 500® DIVIDEND ARISTOCRATS TARGET INCOME FUND
Schedule of Investments - continued | January 31, 2024 (unaudited) | ||||
11.95% | MATERIALS |
| Shares |
| Value |
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| Air Products and Chemicals, Inc. . . . . . | 3,215 | $ | 822,108 | |
| Albemarle Corp. . . . . . . . . . . . . | 6,399 |
| 734,221 | |
| Amcor plc . . . . . . . . . . . . . . . | 103,625 |
| 977,184 | |
| Ecolab, Inc. . . . . . . . . . . . . . . | 5,563 |
| 1,102,698 | |
| Linde plc . . . . . . . . . . . . . . . | 2,428 |
| 982,927 | |
| Nucor Corp. . . . . . . . . . . . . . . | 6,056 |
| 1,132,048 | |
| PPG Industries, Inc. . . . . . . . . . . . | 7,257 |
| 1,023,527 | |
| The Sherwin-Williams Co . . . . . . . . | 3,795 |
| 1,155,122 | |
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| 7,929,835 |
4.49% | REAL ESTATE |
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| Essex Property Trust, Inc. . . . . . . . . | 4,151 |
| 968,304 | |
| Federal Realty Investment Trust . . . . . | 10,171 |
| 1,034,696 | |
| Realty Income Corp. . . . . . . . . . . | 17,968 |
| 977,280 | |
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| 2,980,280 |
4.24% | UTILITIES |
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| Atmos Energy Corp. . . . . . . . . . . | 8,230 |
| 937,726 | |
| Consolidated Edison, Inc. . . . . . . . . | 10,167 |
| 924,180 | |
| NextEra Energy, Inc. . . . . . . . . . . | 16,167 |
| 947,871 | |
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| 2,809,777 |
99.79% | TOTAL COMMON STOCK . . . . . . . . . . . . . . . |
| 66,199,040 | ||
0.00% | MONEY MARKET FUND |
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| Federated Treasury Obligations Fund 5.190%(B) . . . . . . |
| — | ||
99.79% | TOTAL INVESTMENTS . . . . . . . . . . . . . . . . |
| 66,199,040 | ||
0.21% | Assets net of liabilities . . . . . . . . . . . . . . . . . |
| 138,277 | ||
100.00% | NET ASSETS . . . . . . . . . . . . . . . . . . . . . | $ | 66,337,317 |
(A)Non-income producing
(B)Effective 7 day yield as of January 31,2024
3
QUARTERLY REPORT
CBOE VEST S&P 500® DIVIDEND ARISTOCRATS TARGET INCOME FUND
Schedule of Investments - continued |
| January 31, 2024 (unaudited) |
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| Number |
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| of | Notional | Exercise | Expiration |
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(0.20%) | Description | Contracts | Amount | Price | Date | Value | ||
OPTIONS WRITTEN |
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(0.20%) | CALL |
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| CALL 3M Co. . . . | (27) | (254,745) | 96 | 02/02/2024 $ | (486) | ||
| CALL Abbott Labs . | (23) | (260,245) | 112 | 02/02/2024 | (3,312) | ||
| CALL Abbvie, Inc. . | (16) | (263,040) | 165 | 02/02/2024 | (3,872) | ||
| CALL Aflac, Inc. . . | (31) | (261,454) | 85 | 02/02/2024 | (2,635) | ||
| CALL |
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| Albemarle Corp. | (22) | (252,428) | 120 | 02/02/2024 | (990) | ||
| CALL Archer- |
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| Daniels- |
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| Midland Co. . . | (50) | (277,900) | 52 | 02/02/2024 | (21,350) | ||
| CALL |
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| Automatic Data |
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| Processing, Inc. . | (11) | (270,358) | 235 | 02/02/2024 | (12,320) | ||
| CALL |
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| Cardinal Health . | (25) | (272,975) | 106 | 02/02/2024 | (10,750) | ||
| CALL Caterpillar, |
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| Inc. . . . . . . | (9) | (270,279) | 300 | 02/02/2024 | (2,808) | ||
| CALL Chevron |
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| Corp. . . . . . | (18) | (265,374) | 149 | 02/02/2024 | (1,908) | ||
| CALL The |
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| Clorox Co. . . . | (18) | (261,450) | 145 | 02/02/2024 | (7,380) | ||
| CALL The |
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| Coca-Cola Co. . | (44) | (261,756) | 59 | 02/02/2024 | (2,772) | ||
| CALL Emerson |
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| Electric Co. . . | (28) | (256,844) | 95 | 02/02/2024 | (280) | ||
| CALL Exxon |
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| Mobil Corp. . . | (26) | (267,306) | 103 | 02/02/2024 | (3,068) | ||
| CALL General |
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| Dynamics . . . | (10) | (264,990) | 265 | 02/02/2024 | (1,470) | ||
| CALL Hormel |
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| Foods Corp. . . . . | (85) | (258,145) | 31 | 02/02/2024 | (850) | ||
| CALL International |
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| Business |
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| Machines Corp. . | (14) | (257,124) | 187.5 | 02/02/2024 | (182) | ||
| CALL Johnson & |
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| Johnson . . . . | (16) | (254,240) | 160 | 02/02/2024 | (528) | ||
| CALL Kenvue, Inc. . | (125) | (259,500) | 21 | 02/02/2024 | (1,000) | ||
| CALL Kimberly- |
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| Clark Corp. . . . | (22) | (266,134) | 121 | 02/02/2024 | (1,386) | ||
| CALL Linde plc . . | (6) | (242,898) | 402.5 | 02/02/2024 | (2,280) | ||
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| 4 |
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|
QUARTERLY REPORT
CBOE VEST S&P 500® DIVIDEND ARISTOCRATS TARGET INCOME FUND
Schedule of Investments - continued |
| January 31, 2024 (unaudited) |
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| Number |
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| of | Notional | Exercise | Expiration |
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| Description | Contracts | Amount | Price | Date | Value | ||
| CALL Lowe’s |
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| Cos., Inc. . . . . . . . | (12) | (255,408) | 210 | 02/02/2024 | $ (4,596) | ||
| CALL |
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| McDonald’s |
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| Corp. . . . . . | (9) | (263,448) | 292.5 | 02/02/2024 | (1,548) | ||
| CALL Medtronic plc | (30) | (262,620) | 86 | 02/02/2024 | (5,610) | ||
| CALL |
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| Nextera Energy . | (45) | (263,835) | 58 | 02/02/2024 | (4,455) | ||
| CALL Nucor Corp. . | (15) | (280,395) | 175 | 02/02/2024 | (18,675) | ||
| CALL PepsiCo, Inc. | (16) | (269,648) | 167.5 | 02/02/2024 | (2,672) | ||
| CALL PPG |
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| Industries, Inc. . | (18) | (253,872) | 142 | 02/02/2024 | (1,026) | ||
| CALL The Procter & |
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| Gamble Co. . . | (17) | (267,138) | 155 | 02/02/2024 | (4,097) | ||
| CALL S&P |
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| Global, Inc. . . . | (6) | (269,010) | 445 | 02/02/2024 | (3,180) | ||
| CALL Target Corp. | (18) | (250,344) | 142 | 02/02/2024 | (576) | ||
| CALL Walmart, Inc. | (16) | (264,400) | 165 | 02/02/2024 | (1,648) | ||
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| (129,710) |
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(0.20%) TOTAL OPTIONS WRITTEN . . . . . . . | . . . . | . . . . . . | (129,710) | |||||
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In accordance with U.S. GAAP, “fair value” is defined as the price that a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. Various inputs are used in determining the value of a Fund’s investments. U.S. GAAP established a three-tier hierarchy of inputs to establish a classification of fair value measurements for disclosure purposes. Level
1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining fair value of investments).
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
5
QUARTERLY REPORT
CBOE VEST S&P 500® DIVIDEND ARISTOCRATS TARGET INCOME FUND
Schedule of Investments - continued | January 31, 2024 (unaudited) |
The following is a summary of the inputs used to value the Fund’s investments as of January 31, 2024:
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| Level 2 |
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| Level 3 |
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| Other |
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| Significant |
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| Significant |
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| Quoted |
| Observable |
| Unobservable |
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COMMON STOCK . . . . . . |
| Prices |
| Inputs |
|
| Inputs |
| Total |
$ | 66,199,040 | $ | — | $ | — | $ | 66,199,040 | ||
MONEY MARKET FUND | $ | — | $ | — | $ | — | $ | — | |
TOTAL INVESTMENTS . | $ | 66,199,040 | $ | — | $ | — | $ | 66,199,040 | |
OPTIONS WRITTEN . . |
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$ | — | $ | (129,710) | $ | — | $ | (129,710) | ||
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The cost of investments for Federal income tax purposes has been estimated as of January 31, 2024 since the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purpose is $49,791,330, and the related tax-based net unrealized appreciation (depreciation) consists of:
Gross unrealized appreciation . . . . | $ 16,590,192 |
|
Gross unrealized depreciation . . . . | (312,192) | |
Net unrealized appreciation . . . . . | $ 16,278,000 |
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6
QUARTERLY REPORT