MDP
Low
Volatility
Fund
Schedule
of
Investments
April
30,
2023
(Unaudited)
1
EXCHANGE-TRADED
FUNDS
—
93.72%
Shares
Fair
Value
SPDR
S&P
500
ETF
Trust
(a)(b)
1,800
$
748,674
Total
Exchange-Traded
Funds
(Cost $741,946)
748,674
Description
Number
of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Fair
Value
PUT
OPTIONS
PURCHASED
—
1.72%
SPDR
S&P
500
ETF
Trust
(c)
16
$
665,488
$
408.00
7/21/23
$
13,704
Total
Options
Purchased
(Cost
$14,570)
13,704
MONEY
MARKET
FUNDS
-
3.05%
Shares
Fair
Value
Federated
Hermes
Government
Obligations
Fund
-
Institutional
Class,
4.67%
(d)
24,351
24,351
Total
Money
Market
Funds
(Cost
$24,351)
24,351
Total
Investments
—
98.49%
(Cost
$780,867)
786,729
Other
Assets
in
Excess
of
Liabilities — 1.51%
12,077
NET
ASSETS
—
100.00%
$
798,806
(a)
All
or
a
portion
of
the
security
is
held
as
collateral
for
written
options.
(b)
Represents
an
investment
greater
than
25%
of
the
Fund's
net
assets. Performance
of
the
Fund
may
be
adversely
impacted
by
concentrated
investments
in
securities. The
financial
statements
and
portfolio
holdings
for
these
securities
can
be
found
at
www.sec.gov.
As
of
April
30,
2023,
the
percentage
of
net
assets
invested
in
SPDR
S&P
500
ETF
Trust
was
93.72%
of
the
Fund.
(c)
Non-income
producing
security.
(d)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
April
30,
2023.
ETF
-
Exchange-Traded
Fund
SPDR
-
Standard
&
Poor's
Depositary
Receipt
MDP
Low
Volatility
Fund
Schedule
of
Open
Written
Options
Contracts
April
30,
2023
(Unaudited)
2
Description
Number
of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Fair
Value
WRITTEN
CALL
OPTIONS
—
(0.81)%
SPDR
S&P
500
ETF
Trust
(a)
(16)
$
(665,488)
$
427.00
6/16/23
$
(6,480)
WRITTEN
PUT
OPTIONS
—
(0.51)%
SPDR
S&P
500
ETF
Trust
(a)
(16)
(665,488)
388.00
6/16/23
(4,048)
Total
Written
Options
(Premiums
Received
$10,162)
$
(10,528)
(a)
Non-income
producing
security.