Sound
Mind
Investing
Fund
Schedule
of
Investments
July
31,
2023
-
(Unaudited)
EXCHANGE-TRADED
FUNDS
—
70.37%
Shares
Fair
Value
Fidelity
Blue
Chip
Growth
ETF
(a)
244,220
$
7,639,202
Invesco
Optimum
Yield
Diversified
Commodity
Strategy
No
K-1
ETF
749,730
11,088,507
Invesco
QQQ
Trust,
Series
1
29,660
11,379,949
iShares
Russell
1000
Growth
ETF
(b)
101,030
28,757,178
iShares
Russell
2000
Growth
ETF
37,450
9,513,798
iShares
U.S.
Home
Construction
ETF
29,130
2,585,870
SPDR®
S&P
Homebuilders
ETF
30,710
2,595,302
SPDR®
S&P
Oil
&
Gas
Equipment
&
Services
ETF
28,100
2,651,797
Technology
Select
Sector
SPDR®
Fund
14,620
2,607,477
Total
Exchange-Traded
Funds
Cost
($75,302,965)
78,819,080
MUTUAL
FUNDS
—
28.56%
Akre
Focus
Fund,
Institutional
Class
101
5,666
AllianzGI
Dividend
Value
Fund
200
2,238
AllianzGI
NFJ
Small-Cap
Value
Fund
162
2,579
American
Century
Equity
Income
Fund,
Investor
Class
100
904
American
Century
International
Opportunities
Fund,
Institutional
Class
360
3,377
AMG
Yacktman
Focused
Fund,
Institutional
Class
100
2,007
AMG
Yacktman
Fund,
Institutional
Class
100
2,336
Artisan
International
Small
Cap
Fund,
Investor
Class
(a)
100
1,730
Artisan
International
Value
Fund,
Investor
Class
150
6,714
Artisan
Mid
Cap
Value
Fund,
Investor
Class
279
4,991
Artisan
Small
Cap
Fund,
Investor
Class
125
4,184
BlackRock
International
Opportunities
Portfolio,
Institutional
Class
100
3,399
BNY
Mellon
Opportunistic
Small
Cap
Fund,
Investor
Class
100
3,115
Bridgeway
Ultra-Small
Company
Market
Fund,
Class
N
100
1,135
Buffalo
Small
Cap
Fund,
Inc.,
Investor
Class
(a)
150
2,228
Causeway
International
Value
Fund,
Institutional
Class
484,682
9,490,066
Champlain
Small
Company
Fund,
Institutional
Class
100
2,243
Chartwell
Small
Cap
Value
Fund
118
2,281
Columbia
Acorn
Fund,
Institutional
Class
137
1,469
Columbia
Acorn
International,
Institutional
Class
100
2,495
Columbia
Contrarian
Core
Fund,
Institutional
Class
91
2,798
Columbia
Small
Cap
Growth
Fund
I,
Institutional
Class
(a)
100
2,266
Davis
Opportunity
Fund,
Class
Y
100
4,190
Delaware
Select
Growth
Fund,
Institutional
Class
(a)
100
2,764
Delaware
Small
Cap
Value
Fund,
Institutional
Class
100
7,389
Delaware
Value
Fund,
Institutional
Class
144
2,676
DFA
International
Small
Cap
Value
Portfolio,
Institutional
Class
100
2,103
DFA
International
Small
Company
Portfolio,
Institutional
Class
100
1,913
DFA
U.S.
Small
Cap
Value
Portfolio,
Institutional
Class
100
4,347
Fidelity
Mid-Cap
Stock
Fund
150
6,069
Fidelity
Select
Semiconductors
Portfolio
(a)
103,710
2,648,744
Fidelity
Small
Cap
Discovery
Fund
100
2,632
Fidelity
Small
Cap
Stock
Fund
150
2,439
Fidelity
Small
Cap
Value
Fund
150
3,000
Franklin
Small
Cap
Value
Fund,
Advisor
Class
100
5,906
Hartford
International
Opportunities
Fund
(The),
Class
Y
248
4,507
Sound
Mind
Investing
Fund
Schedule
of
Investments
(continued)
July
31,
2023
-
(Unaudited)
MUTUAL
FUNDS
—
28.56%
-
continued
Shares
Fair
Value
Heartland
Value
Fund
100
$
4,489
Hennessy
Cornerstone
Mid
Cap
30
Fund,
Institutional
Class
431,689
9,579,169
Hennessy
Focus
Fund,
Investor
Class
50
2,625
Invesco
Oppenheimer
International
Small-Mid
Company
Fund,
Class
Y
100
4,267
Invesco
Value
Opportunities
Fund,
Class
Y
255
4,390
Janus
Henderson
Contrarian
Fund,
Class
T
100
2,795
Janus
Henderson
Mid
Cap
Value
Fund,
Class
T
200
3,186
Janus
Henderson
Overseas
Fund,
Class
T
100
4,398
Janus
Henderson
Venture
Fund,
Class
T
100
8,009
JOHCM
International
Select
Fund,
Institutional
Class
100
2,316
JPMorgan
Mid
Cap
Value
Fund,
Institutional
Class
100
3,673
JPMorgan
Small
Cap
Equity
Fund,
Select
Class
100
5,514
JPMorgan
Small
Cap
Growth
Fund,
Class
L
100
2,017
JPMorgan
U.S.
Research
Enhanced
Equity
Fund,
Institutional
Class
100
3,536
Longleaf
Partners
Fund
150
3,419
Longleaf
Partners
International
Fund
150
2,516
Longleaf
Partners
Small-Cap
Fund
100
2,457
Lord
Abbett
Developing
Growth
Fund,
Inc.,
Institutional
Class
(a)
100
2,529
Miller
Opportunity
Trust,
Institutional
Class
100
3,251
Morgan
Stanley
Discovery
Portfolio,
Institutional
Class
(a)
100
1,459
Morgan
Stanley
Growth
Portfolio,
Institutional
Class
(a)
100
3,683
Morgan
Stanley
Inception
Portfolio,
Institutional
Class
797,963
9,990,491
Neuberger
Berman
Genesis
Fund,
Institutional
Class
100
6,258
Nicholas
Fund,
Inc.
(a)
50
4,157
Oakmark
International
Fund,
Investor
Class
150
4,223
Oakmark
International
Small
Cap
Fund,
Institutional
Class
150
2,909
Oakmark
Select
Fund,
Institutional
Class
150
9,884
PRIMECAP
Odyssey
Aggressive
Growth
Fund
(a)
100
4,382
Principal
SmallCap
Growth
Fund
I,
Institutional
Class
(a)
200
2,824
Prudential
Jennison
International
Opportunities,
Class
Z
185
5,156
Royce
Micro-Cap
Fund,
Investment
Class
106
1,202
Royce
Opportunity
Fund,
Investment
Class
318
4,942
Royce
Premier
Fund,
Investment
Class
300
3,576
Royce
Special
Equity
Fund,
Institutional
Class
150
2,586
T.
Rowe
Price
International
Discovery
Fund,
Investor
Class
75
4,723
T.
Rowe
Price
Mid-Cap
Growth
Fund,
Investor
Class
50
5,183
T.
Rowe
Price
New
Horizons
Fund,
Investor
Class
100
5,607
T.
Rowe
Price
Small-Cap
Value
Fund,
Investor
Class
100
5,279
Thornburg
Value
Fund,
Institutional
Class
100
6,654
TIAA-CREF
International
Equity
Fund,
Institutional
Class
100
1,318
Touchstone
Sands
Capital
Select
Growth
Fund,
Class
Y
(a)
100
1,341
Tweedy
Browne
International
Value
Fund
150
4,253
Vanguard
Strategic
Equity
Fund,
Investor
Class
100
3,494
Victory
RS
Small
Cap
Growth
Fund,
Class
Y
100
5,507
Wasatch
International
Growth
Fund,
Investor
Class
(a)
150
3,540
Wasatch
Micro
Cap
Fund,
Investor
Class
(a)
100
687
Total
Mutual
Funds
Cost
($30,269,047)
31,988,774
Sound
Mind
Investing
Fund
Schedule
of
Investments
(continued)
July
31,
2023
-
(Unaudited)
MONEY
MARKET
FUNDS
-
0.86%
Shares
Fair
Value
Fidelity
Investments
Money
Market
Government
Portfolio,
Institutional
Class,
5.20%
(c)
961,540
$
961,540
Total
Money
Market
Funds
(Cost
$961,540)
961,540
Total
Investments
—
99.79%
(Cost
$106,533,552)
111,769,394
Other
Assets
in
Excess
of
Liabilities — 0.21%
240,367
NET
ASSETS
—
100.00%
$
112,009,761
(a)
Non-income
producing
security.
(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
July
31,
2023,
the
percentage
of
net
assets
invested
in
iShares
Russell
1000
Growth
ETF
was
25.67%
of
the
Fund.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2023.
ETF
-
Exchange-Traded
Fund
SPDR
-
Standard
&
Poor's
Depositary
Receipt
SMI
Dynamic
Allocation
Fund
Schedule
of
Investments
July
31,
2023
-
(Unaudited)
EXCHANGE-TRADED
FUNDS
—
68.16%
Shares
Fair
Value
iShares
MSCI
EAFE
ETF
195,610
$
14,565,120
iShares
MSCI
Emerging
Markets
ex
China
ETF
268,280
14,503,217
SPDR®
S&P
500®
ETF
(a)
66,880
30,616,996
Total
Exchange-Traded
Funds
Cost
($55,097,945)
59,685,333
CLOSED
END
FUNDS
—
26.86%
Sprott
Physical
Gold
Trust
(a)
(b)
1,536,990
23,515,947
Total
Closed
End
Funds
Cost
($22,662,255)
23,515,947
MUTUAL
FUNDS
—
4.71%
Gold
Bullion
Strategy
Fund
(The),
Investor
Class
185,236
4,125,204
Total
Mutual
Funds
(Cost $4,335,964)
4,125,204
MONEY
MARKET
FUNDS
-
0.15%
Fidelity
Investments
Money
Market
Government
Portfolio,
Institutional
Class,
5.20%
(c)
131,749
131,749
Total
Money
Market
Funds
(Cost
$131,749)
131,749
Total
Investments
—
99.88%
(Cost
$82,227,913)
87,458,233
Other
Assets
in
Excess
of
Liabilities — 0.12%
105,177
NET
ASSETS
—
100.00%
$
87,563,410
(a)
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
July
31,
2023,
the
percentage
of
net
assets
invested
in
SPDR®
S&P
500®
ETF
and
Sprott
Physical
Gold
Trust
was
34.97%
and
26.86%
respectively,
of
the
Fund.
(b)
Non-income
producing
security.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2023.
ETF
-
Exchange-Traded
Fund
SPDR
-
Standard
&
Poor's
Depositary
Receipt
SMI
Multi-Strategy
Fund
Schedule
of
Investments
July
31,
2023
-
(Unaudited)
EXCHANGE-TRADED
FUNDS
—
68.43%
Shares
Fair
Value
Fidelity
Blue
Chip
Growth
ETF
(a)
69,090
$
2,161,135
Invesco
Dynamic
Building
&
Constructions
ETF
12,630
705,891
Invesco
Optimum
Yield
Diversified
Commodity
Strategy
No
K-1
ETF
147,290
2,178,419
Invesco
QQQ
Trust,
Series
1
5,660
2,171,629
iShares
MSCI
EAFE
ETF
63,060
4,695,447
iShares
MSCI
Emerging
Markets
ex
China
ETF
83,260
4,501,035
iShares
Russell
1000
Growth
ETF
23,230
6,612,187
iShares
Russell
2000
Growth
ETF
8,170
2,075,507
iShares
U.S.
Home
Construction
ETF
29,810
2,646,233
SPDR®
S&P
500®
ETF
18,920
8,661,387
SPDR®
S&P
Homebuilders
ETF
8,370
707,349
Technology
Select
Sector
SPDR®
Fund
3,930
700,916
Total
Exchange-Traded
Funds
Cost
($35,084,346)
37,817,135
CLOSED
END
FUNDS
—
16.45%
Sprott
Physical
Gold
Trust
(a)
594,402
9,094,351
Total
Closed
End
Funds
Cost
($8,874,169)
9,094,351
MUTUAL
FUNDS
—
12.98%
AMG
Yacktman
Focused
Fund,
Institutional
Class
100
2,007
Causeway
International
Value
Fund,
Institutional
Class
110,935
2,172,104
Fidelity
Select
Semiconductors
Portfolio
27,883
712,140
Hennessy
Cornerstone
Mid
Cap
30
Fund,
Institutional
Class
(a)
94,123
2,088,590
Invesco
International
Small-Mid
Company
Fund,
Class
Y
100
4,267
Longleaf
Partners
International
Fund
150
2,516
Lord
Abbett
Developing
Growth
Fund,
Inc.,
Institutional
Class
(a)
100
2,529
Miller
Opportunity
Trust,
Institutional
Class
100
3,251
Morgan
Stanley
Discovery
Portfolio,
Institutional
Class
(a)
100
1,459
Morgan
Stanley
Inception
Portfolio,
Institutional
Class
174,024
2,178,777
Oakmark
International
Fund,
Investor
Class
50
1,408
Wasatch
International
Growth
Fund,
Investor
Class
(a)
100
2,360
Total
Mutual
Funds
Cost
($6,630,908)
7,171,408
MONEY
MARKET
FUNDS
-
1.62%
Fidelity
Investments
Money
Market
Government
Portfolio,
Institutional
Class,
5.20%
(b)
897,512
897,512
Total
Money
Market
Funds
(Cost
$897,512)
897,512
Total
Investments
—
99.48%
(Cost
$51,486,935)
54,980,406
Other
Assets
in
Excess
of
Liabilities — 0.52%
287,916
NET
ASSETS
—
100.00%
$
55,268,322
(a)
Non-income
producing
security.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2023.
ETF
-
Exchange-Traded
Fund
SPDR
-
Standard
&
Poor's
Depositary
Receipt