HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 82.4% | |||||||
ADVERTISING & MARKETING - 0.1% | |||||||
1,240 | Omnicom Group, Inc. | $ 92,355 | |||||
2,280 | Trade Desk, Inc. (The), Class A(a) | 178,182 | |||||
270,537 | |||||||
AEROSPACE & DEFENSE - 1.1% | |||||||
3,092 | Boeing Company (The)(a) | 592,675 | |||||
1,297 | General Dynamics Corporation | 286,598 | |||||
1,973 | Howmet Aerospace, Inc. | 91,251 | |||||
1,043 | L3Harris Technologies, Inc. | 181,607 | |||||
1,438 | Lockheed Martin Corporation | 588,084 | |||||
793 | Northrop Grumman Corporation | 349,071 | |||||
8,318 | Raytheon Technologies Corporation | 598,647 | |||||
246 | Teledyne Technologies, Inc.(a) | 100,511 | |||||
1,125 | Textron, Inc. | 87,908 | |||||
261 | TransDigm Group, Inc.(a) | 220,057 | |||||
3,096,409 | |||||||
APPAREL & TEXTILE PRODUCTS - 0.2% | |||||||
6,783 | NIKE, Inc., Class B | 648,590 | |||||
ASSET MANAGEMENT - 0.8% | |||||||
545 | Ameriprise Financial, Inc. | 179,676 | |||||
2,303 | Apollo Global Management, Inc. | 206,717 | |||||
760 | BlackRock, Inc. | 491,332 | |||||
3,776 | Blackstone, Inc. | 404,561 | |||||
8,641 | Charles Schwab Corporation (The) | 474,391 | |||||
4,446 | KKR & Company, Inc. | 273,874 | |||||
339 | LPL Financial Holdings, Inc. | 80,563 | |||||
1,131 | Raymond James Financial, Inc. | 113,586 | |||||
1,322 | T Rowe Price Group, Inc. | 138,638 | |||||
2,363,338 | |||||||
AUTOMOTIVE - 2.3% | |||||||
22,897 | Ford Motor Company | 284,381 | |||||
7,150 | General Motors Company | 235,736 | |||||
13,524 | Stellantis N.V. | 258,714 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 82.4% (Continued) | |||||||
AUTOMOTIVE - 2.3% (Continued) | |||||||
22,467 | Tesla, Inc.(a) | $ 5,621,692 | |||||
6,400,523 | |||||||
BANKING - 2.4% | |||||||
38,251 | Bank of America Corporation | 1,047,313 | |||||
9,907 | Citigroup, Inc. | 407,475 | |||||
2,522 | Citizens Financial Group, Inc. | 67,590 | |||||
3,802 | Fifth Third Bancorp | 96,305 | |||||
7,321 | Huntington Bancshares, Inc. | 76,138 | |||||
22,590 | JPMorgan Chase & Company | 3,276,003 | |||||
6,119 | KeyCorporation | 65,840 | |||||
861 | M&T Bank Corporation | 108,873 | |||||
2,416 | PNC Financial Services Group, Inc. (The) | 296,612 | |||||
4,717 | Regions Financial Corporation | 81,132 | |||||
7,079 | Truist Financial Corporation | 202,530 | |||||
7,306 | US Bancorp | 241,536 | |||||
19,644 | Wells Fargo & Company | 802,654 | |||||
6,770,001 | |||||||
BEVERAGES - 1.1% | |||||||
1,525 | Brown-Forman Corporation, Class B | 87,977 | |||||
21,162 | Coca-Cola Company (The) | 1,184,649 | |||||
806 | Constellation Brands, Inc., Class A | 202,572 | |||||
4,392 | Keurig Dr Pepper, Inc. | 138,655 | |||||
4,052 | Monster Beverage Corporation(a) | 214,553 | |||||
7,571 | PepsiCo, Inc. | 1,282,831 | |||||
3,111,237 | |||||||
BIOTECH & PHARMA - 5.2% | |||||||
9,695 | AbbVie, Inc. | 1,445,137 | |||||
663 | Alnylam Pharmaceuticals, Inc.(a) | 117,417 | |||||
2,915 | Amgen, Inc. | 783,435 | |||||
806 | Biogen, Inc.(a) | 207,150 | |||||
929 | BioMarin Pharmaceutical, Inc.(a) | 82,198 | |||||
11,240 | Bristol-Myers Squibb Company | 652,370 | |||||
6,498 | Eli Lilly and Company | 3,490,271 | |||||
6,994 | Gilead Sciences, Inc. | 524,130 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 82.4% (Continued) | |||||||
BIOTECH & PHARMA - 5.2% (Continued) | |||||||
1,123 | Horizon Therapeutics plc(a) | $ 129,920 | |||||
927 | Incyte Corporation(a) | 53,553 | |||||
20,280 | Johnson & Johnson | 3,158,610 | |||||
13,513 | Merck & Co., Inc. | 1,391,163 | |||||
1,706 | Moderna, Inc.(a) | 176,213 | |||||
31,162 | Pfizer, Inc. | 1,033,644 | |||||
524 | Regeneron Pharmaceuticals, Inc.(a) | 431,231 | |||||
1,991 | Royalty Pharma plc, Class A | 54,036 | |||||
780 | Seagen, Inc.(a) | 165,477 | |||||
1,241 | Vertex Pharmaceuticals, Inc.(a) | 431,545 | |||||
6,763 | Viatris, Inc. | 66,683 | |||||
2,385 | Zoetis, Inc. | 414,942 | |||||
14,809,125 | |||||||
CABLE & SATELLITE - 0.4% | |||||||
534 | Charter Communications, Inc., Class A(a) | 234,864 | |||||
23,416 | Comcast Corporation, Class A | 1,038,265 | |||||
1,273,129 | |||||||
CHEMICALS - 1.2% | |||||||
1,175 | Air Products and Chemicals, Inc. | 332,995 | |||||
630 | Albemarle Corporation | 107,125 | |||||
399 | Avery Dennison Corporation | 72,885 | |||||
1,215 | CF Industries Holdings, Inc. | 104,174 | |||||
3,734 | Corteva, Inc. | 191,031 | |||||
4,055 | Dow, Inc. | 209,076 | |||||
2,453 | DuPont de Nemours, Inc. | 182,969 | |||||
1,371 | Ecolab, Inc. | 232,247 | |||||
604 | FMC Corporation | 40,450 | |||||
1,336 | International Flavors & Fragrances, Inc. | 91,075 | |||||
1,415 | LyondellBasell Industries N.V., Class A | 134,001 | |||||
1,670 | Mosaic Company (The) | 59,452 | |||||
2,679 | New Linde plc | 997,527 | |||||
1,216 | PPG Industries, Inc. | 157,837 | |||||
604 | RPM International, Inc. | 57,265 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 82.4% (Continued) | |||||||
CHEMICALS - 1.2% (Continued) | |||||||
1,268 | Sherwin-Williams Company (The) | $ 323,403 | |||||
3,293,512 | |||||||
COMMERCIAL SUPPORT SERVICES - 0.2% | |||||||
466 | Cintas Corporation | 224,151 | |||||
1,029 | Republic Services, Inc. | 146,643 | |||||
2,187 | Waste Management, Inc. | 333,386 | |||||
704,180 | |||||||
CONSTRUCTION MATERIALS - 0.1% | |||||||
324 | Carlisle Companies, Inc. | 84,000 | |||||
360 | Martin Marietta Materials, Inc. | 147,773 | |||||
706 | Vulcan Materials Company | 142,626 | |||||
374,399 | |||||||
CONTAINERS & PACKAGING - 0.1% | |||||||
1,800 | Ball Corporation | 89,604 | |||||
2,080 | International Paper Company | 73,778 | |||||
579 | Packaging Corp of America | 88,905 | |||||
252,287 | |||||||
DATA CENTER REIT - 0.2% | |||||||
1,438 | Digital Realty Trust, Inc. | 174,027 | |||||
469 | Equinix, Inc. | 340,616 | |||||
514,643 | |||||||
DIVERSIFIED INDUSTRIALS - 1.0% | |||||||
3,152 | 3M Company | 295,090 | |||||
722 | Dover Corporation | 100,726 | |||||
2,139 | Eaton Corporation PLC | 456,206 | |||||
3,484 | Emerson Electric Co. | 336,450 | |||||
5,588 | General Electric Company | 617,753 | |||||
3,776 | Honeywell International, Inc. | 697,579 | |||||
1,461 | Illinois Tool Works, Inc. | 336,483 | |||||
2,840,287 | |||||||
E-COMMERCE DISCRETIONARY - 3.4% | |||||||
73,147 | Amazon.com, Inc.(a) | 9,298,447 | |||||
2,800 | eBay, Inc. | 123,452 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 82.4% (Continued) | |||||||
E-COMMERCE DISCRETIONARY - 3.4% (Continued) | |||||||
781 | Etsy, Inc.(a) | $ 50,437 | |||||
9,472,336 | |||||||
ELECTRIC UTILITIES - 1.5% | |||||||
3,795 | AES Corporation (The) | 57,684 | |||||
1,419 | Alliant Energy Corporation | 68,751 | |||||
1,467 | Ameren Corporation | 109,776 | |||||
2,761 | American Electric Power Company, Inc. | 207,682 | |||||
3,378 | CenterPoint Energy, Inc. | 90,699 | |||||
1,669 | CMS Energy Corporation | 88,641 | |||||
1,908 | Consolidated Edison, Inc. | 163,191 | |||||
1,880 | Constellation Energy Corporation | 205,070 | |||||
4,117 | Dominion Energy, Inc. | 183,906 | |||||
1,116 | DTE Energy Company | 110,796 | |||||
4,207 | Duke Energy Corporation | 371,310 | |||||
1,917 | Edison International | 121,327 | |||||
1,178 | Entergy Corporation | 108,965 | |||||
1,263 | Evergy, Inc. | 64,034 | |||||
1,886 | Eversource Energy | 109,671 | |||||
5,449 | Exelon Corporation | 205,918 | |||||
3,027 | FirstEnergy Corporation | 103,463 | |||||
10,349 | NextEra Energy, Inc. | 592,895 | |||||
8,173 | PG&E Corporation(a) | 131,830 | |||||
4,304 | PPL Corporation | 101,402 | |||||
2,934 | Public Service Enterprise Group, Inc. | 166,974 | |||||
3,580 | Sempra Energy | 243,547 | |||||
6,045 | Southern Company (The) | 391,232 | |||||
1,643 | WEC Energy Group, Inc. | 132,344 | |||||
2,964 | Xcel Energy, Inc. | 169,600 | |||||
4,300,708 | |||||||
ELECTRICAL EQUIPMENT - 0.7% | |||||||
1,271 | AMETEK, Inc. | 187,803 | |||||
3,291 | Amphenol Corporation, Class A | 276,411 | |||||
4,757 | Carrier Global Corporation | 262,586 | |||||
1,910 | Fortive Corporation | 141,646 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 82.4% (Continued) | |||||||
ELECTRICAL EQUIPMENT - 0.7% (Continued) | |||||||
336 | Hubbell, Inc. | $ 105,306 | |||||
3,870 | Johnson Controls International plc | 205,923 | |||||
991 | Keysight Technologies, Inc.(a) | 131,119 | |||||
2,194 | Otis Worldwide Corporation | 176,200 | |||||
657 | Rockwell Automation, Inc. | 187,817 | |||||
1,332 | Trane Technologies PLC | 270,276 | |||||
1,412 | Trimble, Inc.(a) | 76,050 | |||||
2,021,137 | |||||||
ENGINEERING & CONSTRUCTION - 0.1% | |||||||
632 | Jacobs Solutions, Inc. | 86,268 | |||||
703 | Quanta Services, Inc. | 131,510 | |||||
217,778 | |||||||
ENTERTAINMENT CONTENT - 0.6% | |||||||
3,781 | Activision Blizzard, Inc. | 354,015 | |||||
1,442 | Electronic Arts, Inc. | 173,617 | |||||
2,629 | Paramount Global, Class B | 33,914 | |||||
1,543 | ROBLOX Corporation, Class A(a) | 44,685 | |||||
733 | Take-Two Interactive Software, Inc.(a) | 102,906 | |||||
9,368 | Walt Disney Company (The)(a) | 759,276 | |||||
12,500 | Warner Bros Discovery, Inc.(a) | 135,750 | |||||
1,604,163 | |||||||
FOOD - 0.6% | |||||||
2,644 | Conagra Brands, Inc. | 72,498 | |||||
3,249 | General Mills, Inc. | 207,904 | |||||
820 | Hershey Company (The) | 164,066 | |||||
1,721 | Hormel Foods Corporation | 65,450 | |||||
502 | J M Smucker Company (The) | 61,701 | |||||
1,513 | Kellogg Company | 90,039 | |||||
4,461 | Kraft Heinz Company (The) | 150,068 | |||||
792 | Lamb Weston Holdings, Inc. | 73,228 | |||||
1,317 | McCormick & Company, Inc. | 99,618 | |||||
7,500 | Mondelez International, Inc., A | 520,499 | |||||
1,601 | Tyson Foods, Inc., Class A | 80,834 | |||||
1,585,905 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 82.4% (Continued) | |||||||
GAMING REIT - 0.1% | |||||||
5,451 | VICI Properties, Inc. | $ 158,624 | |||||
GAS & WATER UTILITIES - 0.1% | |||||||
998 | American Water Works Company, Inc. | 123,583 | |||||
681 | Atmos Energy Corporation | 72,138 | |||||
195,721 | |||||||
HEALTH CARE FACILITIES & SERVICES - 2.5% | |||||||
1,321 | Cardinal Health, Inc. | 114,689 | |||||
776 | Cencora, Inc. | 139,657 | |||||
3,046 | Centene Corporation(a) | 209,808 | |||||
325 | Charles River Laboratories International, Inc.(a) | 63,694 | |||||
1,626 | Cigna Group (The) | 465,150 | |||||
6,955 | CVS Health Corporation | 485,598 | |||||
1,280 | Elevance Health, Inc. | 557,337 | |||||
503 | Fortrea Holdings, Inc.(a) | 14,381 | |||||
1,189 | HCA Healthcare, Inc. | 292,470 | |||||
668 | Humana, Inc. | 324,995 | |||||
922 | IQVIA Holdings, Inc.(a) | 181,404 | |||||
503 | Laboratory Corp of America Holdings | 101,128 | |||||
730 | McKesson Corp. | 317,441 | |||||
337 | Molina Healthcare, Inc.(a) | 110,499 | |||||
696 | Quest Diagnostics, Inc. | 84,815 | |||||
7,220 | UnitedHealth Group, Inc. | 3,640,251 | |||||
7,103,317 | |||||||
HEALTH CARE REIT - 0.1% | |||||||
2,846 | Healthpeak Properties, Inc. | 52,253 | |||||
2,086 | Ventas, Inc. | 87,883 | |||||
2,482 | Welltower, Inc. | 203,325 | |||||
343,461 | |||||||
HOME CONSTRUCTION - 0.2% | |||||||
1,628 | DR Horton, Inc. | 174,961 | |||||
1,317 | Lennar Corporation, Class A | 147,807 | |||||
1,544 | Masco Corporation | 82,527 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 82.4% (Continued) | |||||||
HOME CONSTRUCTION - 0.2% (Continued) | |||||||
14 | NVR, Inc.(a) | $ 83,486 | |||||
488,781 | |||||||
HOTEL REITS - 0.0%(b) | |||||||
4,480 | Host Hotels & Resorts, Inc. | 71,994 | |||||
HOUSEHOLD PRODUCTS - 1.3% | |||||||
1,253 | Church & Dwight Company, Inc. | 114,812 | |||||
713 | Clorox Company (The) | 93,446 | |||||
4,352 | Colgate-Palmolive Company | 309,471 | |||||
1,168 | Estee Lauder Companies, Inc. (The), Class A | 168,834 | |||||
1,727 | Kimberly-Clark Corporation | 208,708 | |||||
18,794 | Procter & Gamble Company (The) | 2,741,294 | |||||
3,636,565 | |||||||
INDUSTRIAL REIT - 0.2% | |||||||
4,749 | Prologis, Inc. | 532,884 | |||||
INDUSTRIAL SUPPORT SERVICES - 0.2% | |||||||
3,172 | Fastenal Company | 173,318 | |||||
395 | United Rentals, Inc. | 175,605 | |||||
218 | WW Grainger, Inc. | 150,821 | |||||
499,744 | |||||||
INFRASTRUCTURE REIT - 0.3% | |||||||
2,470 | American Tower Corp., Class A | 406,191 | |||||
2,243 | Crown Castle, Inc. | 206,423 | |||||
605 | SBA Communications Corporation, Class A | 121,103 | |||||
34 | Texas Pacific Land Corporation | 62,001 | |||||
795,718 | |||||||
INSTITUTIONAL FINANCIAL SERVICES - 0.8% | |||||||
3,659 | Bank of New York Mellon Corporation (The) | 156,056 | |||||
627 | Cboe Global Markets, Inc. | 97,944 | |||||
1,893 | CME Group, Inc. | 379,016 | |||||
1,906 | Goldman Sachs Group, Inc. (The) | 616,725 | |||||
2,844 | Intercontinental Exchange, Inc. | 312,897 | |||||
6,757 | Morgan Stanley | 551,845 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 82.4% (Continued) | |||||||
INSTITUTIONAL FINANCIAL SERVICES - 0.8% (Continued) | |||||||
1,633 | Nasdaq, Inc. | $ 79,347 | |||||
1,111 | Northern Trust Corporation | 77,192 | |||||
1,916 | State Street Corporation | 128,295 | |||||
2,399,317 | |||||||
INSURANCE - 2.7% | |||||||
3,213 | Aflac, Inc. | 246,598 | |||||
1,627 | Allstate Corporation (The) | 181,264 | |||||
4,106 | American International Group, Inc. | 248,824 | |||||
1,057 | Aon PLC, CLASS A | 342,701 | |||||
2,012 | Arch Capital Group Ltd.(a) | 160,377 | |||||
1,063 | Arthur J Gallagher & Company | 242,290 | |||||
10,119 | Berkshire Hathaway, Inc., Class B(a) | 3,544,685 | |||||
1,265 | Brown & Brown, Inc. | 88,348 | |||||
2,082 | Chubb Ltd. | 433,431 | |||||
729 | Cincinnati Financial Corporation | 74,569 | |||||
1,702 | Hartford Financial Services Group, Inc. (The) | 120,689 | |||||
69 | Markel Group, Inc.(a) | 101,602 | |||||
2,728 | Marsh & McLennan Companies, Inc. | 519,137 | |||||
3,274 | MetLife, Inc. | 205,967 | |||||
1,465 | Principal Financial Group, Inc. | 105,583 | |||||
3,213 | Progressive Corporation (The) | 447,570 | |||||
2,078 | Prudential Financial, Inc. | 197,181 | |||||
1,243 | Travelers Companies, Inc. (The) | 202,994 | |||||
1,087 | W R Berkley Corporation | 69,014 | |||||
610 | Willis Towers Watson PLC | 127,466 | |||||
7,660,290 | |||||||
INTERNET MEDIA & SERVICES - 7.3% | |||||||
1,789 | Airbnb, Inc., Class A(a) | 245,469 | |||||
49,029 | Alphabet, Inc., Class A(a) | 6,415,936 | |||||
44,312 | Alphabet, Inc., Class C(a) | 5,842,538 | |||||
209 | Booking Holdings, Inc.(a) | 644,546 | |||||
1,420 | DoorDash, Inc., Class A(a) | 112,847 | |||||
730 | Expedia Group, Inc.(a) | 75,241 | |||||
657 | GoDaddy, Inc., Class A(a) | 48,933 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 82.4% (Continued) | |||||||
INTERNET MEDIA & SERVICES - 7.3% (Continued) | |||||||
18,555 | Meta Platforms, Inc., Class A(a) | $ 5,570,397 | |||||
2,370 | Netflix, Inc.(a) | 894,912 | |||||
2,962 | Pinterest, Inc., Class A(a) | 80,063 | |||||
5,445 | Snap, Inc., Class A(a) | 48,515 | |||||
9,786 | Uber Technologies, Inc.(a) | 450,058 | |||||
480 | VeriSign, Inc.(a) | 97,214 | |||||
20,526,669 | |||||||
LEISURE FACILITIES & SERVICES - 1.1% | |||||||
127 | Chipotle Mexican Grill, Inc.(a) | 232,642 | |||||
693 | Darden Restaurants, Inc. | 99,251 | |||||
216 | Domino's Pizza, Inc. | 81,819 | |||||
1,522 | Hilton Worldwide Holdings, Inc. | 228,574 | |||||
1,860 | Las Vegas Sands Corporation | 85,262 | |||||
1,440 | Marriott International, Inc., Class A | 283,046 | |||||
3,899 | McDonald's Corporation | 1,027,153 | |||||
2,026 | MGM Resorts International | 74,476 | |||||
1,248 | Royal Caribbean Cruises Ltd.(a) | 114,991 | |||||
6,052 | Starbucks Corporation | 552,366 | |||||
1,589 | Yum! Brands, Inc. | 198,530 | |||||
2,978,110 | |||||||
MACHINERY - 0.7% | |||||||
2,872 | Caterpillar, Inc. | 784,056 | |||||
1,524 | Deere & Company | 575,127 | |||||
428 | IDEX Corporation | 89,033 | |||||
2,306 | Ingersoll Rand, Inc. | 146,938 | |||||
670 | Parker-Hannifin Corporation | 260,978 | |||||
879 | Stanley Black & Decker, Inc. | 73,467 | |||||
908 | Xylem, Inc. | 82,655 | |||||
2,012,254 | |||||||
MEDICAL EQUIPMENT & DEVICES - 2.7% | |||||||
9,153 | Abbott Laboratories | 886,468 | |||||
1,661 | Agilent Technologies, Inc. | 185,733 | |||||
421 | Align Technology, Inc.(a) | 128,540 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 82.4% (Continued) | |||||||
MEDICAL EQUIPMENT & DEVICES - 2.7% (Continued) | |||||||
3,424 | Avantor, Inc.(a) | $ 72,178 | |||||
2,904 | Baxter International, Inc. | 109,597 | |||||
1,510 | Becton Dickinson and Company | 390,380 | |||||
958 | Bio-Techne Corporation | 65,211 | |||||
7,330 | Boston Scientific Corporation(a) | 387,024 | |||||
303 | Cooper Companies, Inc. (The) | 96,357 | |||||
3,500 | Danaher Corporation | 868,350 | |||||
2,154 | DexCom, Inc.(a) | 200,968 | |||||
3,278 | Edwards Lifesciences Corporation(a) | 227,100 | |||||
2,059 | GE HealthCare Technologies, Inc. | 140,094 | |||||
1,293 | Hologic, Inc.(a) | 89,734 | |||||
426 | IDEXX Laboratories, Inc.(a) | 186,277 | |||||
883 | Illumina, Inc.(a) | 121,218 | |||||
353 | Insulet Corporation(a) | 56,300 | |||||
1,903 | Intuitive Surgical, Inc.(a) | 556,228 | |||||
7,165 | Medtronic PLC | 561,449 | |||||
109 | Mettler-Toledo International, Inc.(a) | 120,780 | |||||
663 | ResMed, Inc. | 98,038 | |||||
771 | Revvity, Inc. | 85,350 | |||||
517 | STERIS plc | 113,440 | |||||
1,822 | Stryker Corporation | 497,898 | |||||
2,056 | Thermo Fisher Scientific, Inc. | 1,040,686 | |||||
310 | Waters Corporation(a) | 85,005 | |||||
397 | West Pharmaceutical Services, Inc. | 148,958 | |||||
1,039 | Zimmer Biomet Holdings, Inc. | 116,597 | |||||
7,635,958 | |||||||
METALS & MINING - 0.2% | |||||||
7,652 | Freeport-McMoRan, Inc. | 285,343 | |||||
4,468 | Newmont Corporation | 165,093 | |||||
450,436 | |||||||
MULTI ASSET CLASS REIT - 0.0%(b) | |||||||
928 | WP Carey, Inc. | 50,186 | |||||
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 82.4% (Continued) | |||||||
OFFICE REIT - 0.0%(b) | |||||||
816 | Alexandria Real Estate Equities, Inc. | $ 81,682 | |||||
OIL & GAS PRODUCERS - 3.8% | |||||||
1,749 | APA Corporation | 71,884 | |||||
1,192 | Cheniere Energy, Inc. | 197,824 | |||||
14,385 | Chevron Corporation | 2,425,599 | |||||
6,964 | ConocoPhillips | 834,287 | |||||
4,122 | Coterra Energy, Inc. | 111,500 | |||||
3,257 | Devon Energy Corporation | 155,359 | |||||
878 | Diamondback Energy, Inc. | 135,985 | |||||
2,959 | EOG Resources, Inc. | 375,083 | |||||
1,497 | EQT Corporation | 60,748 | |||||
31,990 | Exxon Mobil Corporation | 3,761,384 | |||||
1,359 | Hess Corporation | 207,927 | |||||
10,913 | Kinder Morgan, Inc. | 180,938 | |||||
3,791 | Marathon Oil Corporation | 101,409 | |||||
2,739 | Marathon Petroleum Corporation | 414,520 | |||||
4,738 | Occidental Petroleum Corporation | 307,401 | |||||
2,214 | ONEOK, Inc. | 140,434 | |||||
2,477 | Phillips 66 | 297,612 | |||||
1,208 | Pioneer Natural Resources Company | 277,296 | |||||
1,030 | Targa Resources Corporation | 88,292 | |||||
2,065 | Valero Energy Corporation | 292,631 | |||||
6,433 | Williams Companies, Inc. (The) | 216,728 | |||||
10,654,841 | |||||||
OIL & GAS SERVICES & EQUIPMENT - 0.3% | |||||||
4,988 | Baker Hughes Company | 176,176 | |||||
4,406 | Halliburton Company | 178,443 | |||||
7,199 | Schlumberger Ltd | 419,702 | |||||
774,321 | |||||||
REAL ESTATE SERVICES - 0.0%(b) | |||||||
1,533 | CBRE Group, Inc., Class A(a) | 113,227 | |||||
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 82.4% (Continued) | |||||||
RENEWABLE ENERGY - 0.1% | |||||||
725 | Enphase Energy, Inc.(a) | $ 87,109 | |||||
434 | First Solar, Inc.(a) | 70,130 | |||||
157,239 | |||||||
RESIDENTIAL REIT - 0.3%(b) | |||||||
755 | AvalonBay Communities, Inc. | 129,664 | |||||
657 | Camden Property Trust | 62,139 | |||||
2,082 | Equity Residential | 122,234 | |||||
350 | Essex Property Trust, Inc. | 74,232 | |||||
3,265 | Invitation Homes, Inc. | 103,468 | |||||
643 | Mid-America Apartment Communities, Inc. | 82,722 | |||||
684 | Sun Communities, Inc. | 80,945 | |||||
1,900 | UDR, Inc. | 67,773 | |||||
723,177 | |||||||
RETAIL - CONSUMER STAPLES - 1.2% | |||||||
2,372 | Costco Wholesale Corporation | 1,340,086 | |||||
1,243 | Dollar General Corporation | 131,509 | |||||
1,080 | Dollar Tree, Inc.(a) | 114,966 | |||||
3,431 | Kroger Company (The) | 153,537 | |||||
2,399 | Target Corporation | 265,257 | |||||
3,591 | Walgreens Boots Alliance, Inc. | 79,864 | |||||
7,767 | Walmart, Inc. | 1,242,176 | |||||
3,327,395 | |||||||
RETAIL - DISCRETIONARY - 1.7% | |||||||
101 | AutoZone, Inc.(a) | 256,539 | |||||
1,245 | Best Buy Company, Inc. | 86,490 | |||||
770 | Genuine Parts Company | 111,173 | |||||
8,032 | Home Depot, Inc. (The) | 2,426,950 | |||||
3,338 | Lowe's Companies, Inc. | 693,770 | |||||
343 | O'Reilly Automotive, Inc.(a) | 311,739 | |||||
1,752 | Ross Stores, Inc. | 197,888 | |||||
6,081 | TJX Cos., Inc./The | 540,479 | |||||
588 | Tractor Supply Company | 119,393 | |||||
251 | Ulta Beauty, Inc.(a) | 100,262 | |||||
4,844,683 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 82.4% (Continued) | |||||||
RETAIL REIT - 0.1% | |||||||
3,584 | Kimco Realty Corporation | $ 63,043 | |||||
3,071 | Realty Income Corporation | 153,366 | |||||
1,676 | Simon Property Group, Inc. | 181,058 | |||||
397,467 | |||||||
SELF-STORAGE REIT - 0.1% | |||||||
671 | Extra Space Storage, Inc. | 81,580 | |||||
797 | Public Storage | 210,025 | |||||
291,605 | |||||||
SEMICONDUCTORS - 5.9% | |||||||
8,555 | Advanced Micro Devices, Inc.(a) | 879,625 | |||||
2,787 | Analog Devices, Inc. | 487,976 | |||||
4,688 | Applied Materials, Inc. | 649,054 | |||||
2,068 | Broadcom, Inc. | 1,717,639 | |||||
660 | Entegris, Inc. | 61,981 | |||||
22,391 | Intel Corporation | 796,000 | |||||
802 | KLA Corporation | 367,845 | |||||
714 | Lam Research Corporation | 447,514 | |||||
4,508 | Marvell Technology, Inc. | 244,018 | |||||
2,809 | Microchip Technology, Inc. | 219,242 | |||||
5,972 | Micron Technology, Inc. | 406,275 | |||||
255 | Monolithic Power Systems, Inc. | 117,810 | |||||
19,200 | NVIDIA Corporation | 8,351,809 | |||||
2,356 | ON Semiconductor Corporation(a) | 218,990 | |||||
5,806 | QUALCOMM, Inc. | 644,814 | |||||
759 | Skyworks Solutions, Inc. | 74,830 | |||||
807 | Teradyne, Inc. | 81,071 | |||||
5,043 | Texas Instruments, Inc. | 801,887 | |||||
16,568,380 | |||||||
SOFTWARE - 9.7% | |||||||
2,455 | Adobe Systems, Inc.(a) | 1,251,805 | |||||
869 | Akamai Technologies, Inc.(a) | 92,583 | |||||
506 | ANSYS, Inc.(a) | 150,560 | |||||
682 | Atlassian Corp plc, CLASS A(a) | 137,430 | |||||
1,159 | Autodesk, Inc.(a) | 239,809 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 82.4% (Continued) | |||||||
SOFTWARE - 9.7% (Continued) | |||||||
1,324 | Cadence Design Systems, Inc.(a) | $ 310,213 | |||||
1,165 | Cloudflare, Inc., Class A(a) | 73,442 | |||||
1,015 | Crowdstrike Holdings, Inc., Class A(a) | 169,891 | |||||
1,481 | Datadog, Inc., Class A(a) | 134,904 | |||||
3,688 | Fortinet, Inc.(a) | 216,412 | |||||
2,300 | Gen Digital, Inc. | 40,664 | |||||
239 | HubSpot, Inc.(a) | 117,708 | |||||
1,448 | Intuit, Inc. | 739,841 | |||||
58,646 | Microsoft Corporation | 18,517,475 | |||||
385 | MongoDB, Inc.(a) | 133,156 | |||||
8,277 | Oracle Corporation | 876,700 | |||||
11,203 | Palantir Technologies, Inc., Class A(a) | 179,248 | |||||
1,442 | Palo Alto Networks, Inc.(a) | 338,062 | |||||
241 | Paycom Software, Inc. | 62,484 | |||||
586 | PTC, Inc.(a) | 83,024 | |||||
576 | Roper Technologies, Inc. | 278,945 | |||||
5,135 | Salesforce, Inc.(a) | 1,041,275 | |||||
963 | ServiceNow, Inc.(a) | 538,278 | |||||
1,470 | Snowflake, Inc.(a) | 224,572 | |||||
865 | Splunk, Inc.(a) | 126,506 | |||||
910 | SS&C Technologies Holdings, Inc. | 47,811 | |||||
760 | Synopsys, Inc.(a) | 348,817 | |||||
969 | Twilio, Inc., Class A(a) | 56,716 | |||||
246 | Tyler Technologies, Inc.(a) | 94,990 | |||||
792 | Veeva Systems, Inc., Class A(a) | 161,132 | |||||
1,237 | VMware, Inc., Class A(a) | 205,936 | |||||
1,079 | Workday, Inc., Class A(a) | 231,823 | |||||
1,136 | Zoom Video Communications, Inc., Class A(a) | 79,452 | |||||
27,301,664 | |||||||
SPECIALTY FINANCE - 0.3% | |||||||
3,140 | American Express Co. | 468,457 | |||||
2,138 | Capital One Financial Corporation | 207,493 | |||||
1,565 | Discover Financial Services | 135,576 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 82.4% (Continued) | |||||||
SPECIALTY FINANCE - 0.3% (Continued) | |||||||
2,420 | Synchrony Financial | $ 73,979 | |||||
885,505 | |||||||
SPECIALTY REITS - 0.0%(b) | |||||||
1,464 | Iron Mountain, Inc. | 87,035 | |||||
STEEL - 0.1% | |||||||
1,338 | Nucor Corporation | 209,196 | |||||
946 | Steel Dynamics, Inc. | 101,430 | |||||
310,626 | |||||||
TECHNOLOGY HARDWARE - 8.2% | |||||||
120,476 | Apple, Inc. | 20,626,696 | |||||
1,339 | Arista Networks, Inc.(a) | 246,282 | |||||
20,755 | Cisco Systems, Inc. | 1,115,789 | |||||
4,289 | Corning, Inc. | 130,686 | |||||
801 | Garmin Ltd. | 84,265 | |||||
8,059 | Hewlett Packard Enterprise Company | 139,985 | |||||
5,646 | HP, Inc. | 145,102 | |||||
886 | Motorola Solutions, Inc. | 241,205 | |||||
1,175 | NetApp, Inc. | 89,159 | |||||
876 | Seagate Technology Holdings PLC | 57,772 | |||||
1,382 | Western Digital Corporation(a) | 63,061 | |||||
255 | Zebra Technologies Corporation, Class A(a) | 60,315 | |||||
23,000,317 | |||||||
TECHNOLOGY SERVICES - 4.2% | |||||||
3,510 | Accenture plc, Class A | 1,077,956 | |||||
2,298 | Automatic Data Processing, Inc. | 552,853 | |||||
2,903 | Block, Inc., Class A(a) | 128,487 | |||||
813 | Booz Allen Hamilton Holding Corporation | 88,837 | |||||
527 | Broadridge Financial Solutions, Inc. | 94,359 | |||||
642 | CDW Corporation | 129,530 | |||||
2,936 | Cognizant Technology Solutions Corporation, Class A | 198,885 | |||||
2,296 | CoStar Group, Inc.(a) | 176,539 | |||||
289 | EPAM Systems, Inc.(a) | 73,894 | |||||
583 | Equifax, Inc. | 106,794 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 82.4% (Continued) | |||||||
TECHNOLOGY SERVICES - 4.2% (Continued) | |||||||
177 | FactSet Research Systems, Inc. | $ 77,395 | |||||
3,342 | Fidelity National Information Services, Inc. | 184,712 | |||||
3,226 | Fiserv, Inc.(a) | 364,409 | |||||
396 | FleetCor Technologies, Inc.(a) | 101,115 | |||||
381 | Gartner, Inc.(a) | 130,915 | |||||
1,417 | Global Payments, Inc. | 163,508 | |||||
4,874 | International Business Machines Corporation | 683,822 | |||||
421 | Jack Henry & Associates, Inc. | 63,630 | |||||
795 | Leidos Holdings, Inc. | 73,267 | |||||
6,630 | Mastercard, Inc., Class A | 2,624,883 | |||||
813 | Moody's Corporation | 257,046 | |||||
401 | MSCI, Inc. | 205,745 | |||||
1,739 | Paychex, Inc. | 200,559 | |||||
6,350 | PayPal Holdings, Inc.(a) | 371,221 | |||||
1,768 | S&P Global, Inc. | 646,045 | |||||
1,162 | TransUnion | 83,420 | |||||
842 | Verisk Analytics, Inc. | 198,914 | |||||
12,485 | Visa, Inc., Class A | 2,871,676 | |||||
11,930,416 | |||||||
TELECOMMUNICATIONS - 0.6% | |||||||
39,120 | AT&T, Inc. | 587,582 | |||||
3,338 | T-Mobile US, Inc.(a) | 467,487 | |||||
23,104 | Verizon Communications, Inc. | 748,801 | |||||
1,803,870 | |||||||
TIMBER REIT - 0.0%(b) | |||||||
4,101 | Weyerhaeuser Company | 125,737 | |||||
TOBACCO & CANNABIS - 0.4% | |||||||
9,748 | Altria Group, Inc. | 409,903 | |||||
8,251 | Philip Morris International, Inc. | 763,878 | |||||
1,173,781 | |||||||
TRANSPORTATION & LOGISTICS - 1.1% | |||||||
544 | CH Robinson Worldwide, Inc. | 46,855 | |||||
12,013 | CSX Corporation | 369,400 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 82.4% (Continued) | |||||||
TRANSPORTATION & LOGISTICS - 1.1% (Continued) | |||||||
3,371 | Delta Air Lines, Inc. | $ 124,727 | |||||
957 | Expeditors International of Washington, Inc. | 109,701 | |||||
1,238 | FedEx Corporation | 327,971 | |||||
406 | JB Hunt Transport Services, Inc. | 76,539 | |||||
1,313 | Norfolk Southern Corporation | 258,569 | |||||
483 | Old Dominion Freight Line, Inc. | 197,615 | |||||
2,820 | Southwest Airlines Company | 76,337 | |||||
3,422 | Union Pacific Corporation | 696,821 | |||||
1,612 | United Airlines Holdings, Inc.(a) | 68,188 | |||||
4,093 | United Parcel Service, Inc., Class B | 637,976 | |||||
2,990,699 | |||||||
TRANSPORTATION EQUIPMENT - 0.2% | |||||||
735 | Cummins, Inc. | 167,918 | |||||
2,695 | PACCAR, Inc. | 229,129 | |||||
1,005 | Westinghouse Air Brake Technologies Corporation | 106,801 | |||||
503,848 | |||||||
WHOLESALE - CONSUMER STAPLES - 0.2% | |||||||
2,970 | Archer-Daniels-Midland Company | 223,998 | |||||
777 | Bunge Ltd. | 84,110 | |||||
2,645 | Sysco Corporation | 174,702 | |||||
482,810 | |||||||
WHOLESALE - DISCRETIONARY - 0.1% | |||||||
4,892 | Copart, Inc.(a) | 210,796 | |||||
1,382 | LKQ Corporation | 68,423 | |||||
212 | Pool Corporation | 75,493 | |||||
354,712 | |||||||
TOTAL COMMON STOCKS (Cost $213,656,976) | 232,349,290 | ||||||
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
EXCHANGE-TRADED FUND — 17.4% | |||||||
EQUITY - 17.4% | |||||||
628,443 | Direxion Daily S&P 500 Bull 3X (Cost $48,718,609) | $ 49,144,243 | |||||
RIGHT - 0.0%(b) | |||||||
MEDICAL EQUIPMENT & DEVICES – 0.0%(b) | Expiration Date | Exercise Price | |||||
143 | ABIOMED, Inc. - CVR(a) (c) (Cost $0) | 12/31/2029 | $35 | - | |||
TOTAL INVESTMENTS - 99.8% (Cost $262,375,585) | $ 281,493,533 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.2% | 668,213 | ||||||
NET ASSETS - 100.0% | $ 282,161,746 | ||||||
CVR | - Contingent Value Right |
ETF | - Exchange-Traded Fund |
LTD | - Limited Company |
MSCI | - Morgan Stanley Capital International |
NV | - Naamioze Vennootschap |
PLC | - Public Limited Company |
REIT | - Real Estate Investment Trust |
(a) | Non-income producing security. |
(b) | Percentage rounds to less than 0.1%. |
(c) | - Illiquid security. The total fair value of these securities as of September 30, 2023 was $0, representing 0.0% of net assets. |