HCM TACTICAL GROWTH FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 4.2% | |||||||
AUTOMOTIVE - 0.1% | |||||||
5,151 | Tesla, Inc.(a) | $ 1,288,883 | |||||
BEVERAGES - 0.2% | |||||||
17,605 | Brown-Forman Corporation, Class B | 1,015,632 | |||||
25,824 | Monster Beverage Corporation(a) | 1,367,380 | |||||
2,383,012 | |||||||
BIOTECH & PHARMA - 0.1% | |||||||
4,240 | Amgen, Inc. | 1,139,542 | |||||
CHEMICALS - 0.2% | |||||||
11,050 | CF Industries Holdings, Inc. | 947,427 | |||||
3,870 | New Linde plc | 1,440,995 | |||||
2,388,422 | |||||||
E-COMMERCE DISCRETIONARY - 0.1% | |||||||
11,651 | Amazon.com, Inc.(a) | 1,481,075 | |||||
HEALTH CARE FACILITIES & SERVICES - 0.2% | |||||||
2,103 | Humana, Inc. | 1,023,152 | |||||
2,110 | UnitedHealth Group, Inc. | 1,063,841 | |||||
2,086,993 | |||||||
HOUSEHOLD PRODUCTS - 0.1% | |||||||
8,624 | Procter & Gamble Company (The) | 1,257,897 | |||||
INFRASTRUCTURE REIT - 0.1% | |||||||
5,594 | American Tower Corp., A | 919,934 | |||||
8,769 | Crown Castle, Inc. | 807,011 | |||||
1,726,945 | |||||||
INSURANCE - 0.1% | |||||||
9,233 | Allstate Corporation (The) | 1,028,649 | |||||
INTERNET MEDIA & SERVICES - 0.4% | |||||||
12,288 | Alphabet, Inc., Class A(a) | 1,608,008 | |||||
11,824 | Meta Platforms, Inc., Class A(a) | 3,549,683 | |||||
5,157,691 |
HCM TACTICAL GROWTH FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 4.2% (Continued) | |||||||
METALS & MINING - 0.1% | |||||||
36,501 | Freeport-McMoRan, Inc. | $ 1,361,122 | |||||
OIL & GAS PRODUCERS - 0.5% | |||||||
6,500 | Chevron Corporation | 1,096,030 | |||||
15,352 | Devon Energy Corporation | 732,290 | |||||
8,890 | EOG Resources, Inc. | 1,126,896 | |||||
10,550 | Exxon Mobil Corporation | 1,240,469 | |||||
11,250 | Phillips 66 | 1,351,688 | |||||
5,547,373 | |||||||
RETAIL - DISCRETIONARY - 0.3% | |||||||
457 | AutoZone, Inc.(a) | 1,160,775 | |||||
6,558 | Genuine Parts Company | 946,844 | |||||
1,400 | O'Reilly Automotive, Inc.(a) | 1,272,404 | |||||
3,380,023 | |||||||
SELF-STORAGE REIT - 0.1% | |||||||
6,704 | Extra Space Storage, Inc. | 815,072 | |||||
SEMICONDUCTORS - 0.9% | |||||||
19,502 | Advanced Micro Devices, Inc.(a) | 2,005,196 | |||||
2,462 | Broadcom, Inc. | 2,044,888 | |||||
3,842 | KLA Corporation | 1,762,172 | |||||
8,896 | NVIDIA Corporation | 3,869,671 | |||||
10,156 | QUALCOMM, Inc. | 1,127,925 | |||||
10,809,852 | |||||||
SOFTWARE - 0.1% | |||||||
5,200 | Microsoft Corporation | 1,641,900 | |||||
SPECIALTY FINANCE - 0.1% | |||||||
8,137 | American Express Co. | 1,213,959 | |||||
TECHNOLOGY HARDWARE - 0.3% | |||||||
8,056 | Apple, Inc. | 1,379,268 | |||||
26,579 | Cisco Systems, Inc. | 1,428,887 |
HCM TACTICAL GROWTH FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 4.2% (Continued) | |||||||
TECHNOLOGY HARDWARE - 0.3% (Continued) | |||||||
13,618 | Garmin Ltd. | $ 1,432,613 | |||||
4,240,768 | |||||||
TECHNOLOGY SERVICES - 0.1% | |||||||
13,587 | PayPal Holdings, Inc.(a) | 794,296 | |||||
TOBACCO & CANNABIS - 0.1% | |||||||
13,170 | Philip Morris International, Inc. | 1,219,279 | |||||
TOTAL COMMON STOCKS (Cost $43,968,973) | 50,962,753 | ||||||
EXCHANGE-TRADED FUNDS - 95.0% | |||||||
EQUITY - 95.0% | |||||||
283,000 | Direxion Daily S&P 500 Bull 2X Shares | 23,981,647 | |||||
645,580 | Invesco QQQ Trust Series 1 | 231,291,947 | |||||
5,169,145 | ProShares Ultra QQQ | 306,788,755 | |||||
4,365,692 | ProShares Ultra S&P500 | 233,040,639 | |||||
328,000 | ProShares Ultra Semiconductors | 12,631,280 | |||||
732,756 | ProShares Ultra Technology(a) | 28,709,380 | |||||
294,900 | Vanguard Growth ETF | 80,304,219 | |||||
963,657 | Vanguard Mega Cap Growth ETF | 218,653,773 | |||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $932,761,753) | 1,135,401,640 | ||||||
TOTAL INVESTMENTS - 99.2% (Cost $976,730,726) | $ 1,186,364,393 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.8% | 9,330,759 | ||||||
NET ASSETS - 100.0% | $ 1,195,695,152 | ||||||
ETF | - Exchange-Traded Fund |
LTD | - Limited Company |
PLC | - Public Limited Company |
REIT | - Real Estate Investment Trust |
(a) | Non-income producing security. |
HCM DIVIDEND SECTOR PLUS FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 12.0% | |||||||
AUTOMOTIVE - 0.2% | |||||||
87,675 | General Motors Company | $ 2,890,645 | |||||
BANKING - 0.5% | |||||||
23,573 | JPMorgan Chase & Company | 3,418,556 | |||||
26,062 | M&T Bank Corporation | 3,295,540 | |||||
6,714,096 | |||||||
BIOTECH & PHARMA - 0.8% | |||||||
18,817 | Moderna, Inc.(a) | 1,943,608 | |||||
126,444 | Organon & Company | 2,195,068 | |||||
72,849 | Pfizer, Inc. | 2,416,401 | |||||
304,664 | Viatris, Inc. | 3,003,987 | |||||
9,559,064 | |||||||
CHEMICALS - 0.4% | |||||||
39,096 | CF Industries Holdings, Inc. | 3,352,091 | |||||
64,556 | Mosaic Company (The) | 2,298,194 | |||||
5,650,285 | |||||||
COMMERCIAL SUPPORT SERVICES - 0.2% | |||||||
40,190 | Robert Half International, Inc. | 2,945,123 | |||||
CONTAINERS & PACKAGING - 0.3% | |||||||
99,714 | Westrock Company | 3,569,761 | |||||
ELECTRIC UTILITIES - 1.0% | |||||||
120,220 | AES Corporation (The) | 1,827,344 | |||||
41,845 | Edison International | 2,648,370 | |||||
27,932 | Entergy Corporation | 2,583,710 | |||||
84,414 | NRG Energy, Inc. | 3,251,627 | |||||
105,848 | PPL Corporation | 2,493,779 | |||||
12,804,830 | |||||||
ENTERTAINMENT CONTENT - 0.4% | |||||||
89,489 | Fox Corporation, Class A | 2,792,057 | |||||
97,342 | Fox Corporation - Class B | 2,811,237 | |||||
5,603,294 |
HCM DIVIDEND SECTOR PLUS FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 12.0% (Continued) | |||||||
FOOD - 0.2% | |||||||
49,058 | Tyson Foods, Inc., Class A | $ 2,476,938 | |||||
HEALTH CARE FACILITIES & SERVICES - 0.3% | |||||||
10,072 | Molina Healthcare, Inc.(a) | 3,302,508 | |||||
HOME CONSTRUCTION - 1.0% | |||||||
30,750 | DR Horton, Inc. | 3,304,703 | |||||
28,885 | Lennar Corporation, Class A | 3,241,764 | |||||
30,806 | Mohawk Industries, Inc.(a) | 2,643,463 | |||||
50,786 | PulteGroup, Inc. | 3,760,702 | |||||
12,950,632 | |||||||
INDUSTRIAL SUPPORT SERVICES - 0.3% | |||||||
8,105 | United Rentals, Inc. | 3,603,240 | |||||
INSURANCE - 0.8% | |||||||
58,637 | American International Group, Inc. | 3,553,402 | |||||
50,649 | MetLife, Inc. | 3,186,329 | |||||
40,152 | Principal Financial Group, Inc. | 2,893,755 | |||||
9,633,486 | |||||||
INTERNET MEDIA & SERVICES - 0.6% | |||||||
28,324 | Alphabet, Inc., Class A(a) | 3,706,479 | |||||
28,128 | Alphabet, Inc., Class C(a) | 3,708,676 | |||||
7,415,155 | |||||||
OIL & GAS PRODUCERS - 1.3% | |||||||
75,164 | APA Corporation | 3,089,240 | |||||
117,972 | Coterra Energy, Inc. | 3,191,143 | |||||
91,754 | EQT Corporation | 3,723,377 | |||||
23,325 | Marathon Petroleum Corporation | 3,530,006 | |||||
22,810 | Valero Energy Corporation | 3,232,405 | |||||
16,766,171 | |||||||
PUBLISHING & BROADCASTING - 0.3% | |||||||
171,092 | News Corporation, Class B | 3,570,690 | |||||
HCM DIVIDEND SECTOR PLUS FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 12.0% (Continued) | |||||||
RETAIL - CONSUMER STAPLES - 0.2% | |||||||
64,542 | Kroger Company (The) | $ 2,888,255 | |||||
SEMICONDUCTORS - 0.3% | |||||||
48,054 | Micron Technology, Inc. | 3,269,114 | |||||
STEEL - 0.5% | |||||||
20,575 | Nucor Corporation | 3,216,901 | |||||
28,723 | Steel Dynamics, Inc. | 3,079,680 | |||||
6,296,581 | |||||||
TECHNOLOGY HARDWARE - 0.5% | |||||||
189,982 | Hewlett Packard Enterprise Company | 3,299,987 | |||||
101,810 | HP, Inc. | 2,616,517 | |||||
5,916,504 | |||||||
TECHNOLOGY SERVICES - 0.5% | |||||||
50,287 | Cognizant Technology Solutions Corporation, Class A | 3,406,441 | |||||
119,132 | DXC Technology Company(a) | 2,481,520 | |||||
5,887,961 | |||||||
TOBACCO & CANNABIS - 0.2% | |||||||
67,619 | Altria Group, Inc. | 2,843,379 | |||||
TRANSPORTATION & LOGISTICS - 0.7% | |||||||
71,609 | Alaska Air Group, Inc.(a) | 2,655,262 | |||||
94,223 | Southwest Airlines Company | 2,550,617 | |||||
72,051 | United Airlines Holdings, Inc.(a) | 3,047,757 | |||||
8,253,636 | |||||||
WHOLESALE - CONSUMER STAPLES - 0.5% | |||||||
37,254 | Archer-Daniels-Midland Company | 2,809,697 | |||||
32,216 | Bunge Ltd. | 3,487,382 | |||||
6,297,079 | |||||||
TOTAL COMMON STOCKS (Cost $147,423,844) | 151,108,427 | ||||||
HCM DIVIDEND SECTOR PLUS FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
EXCHANGE-TRADED FUNDS - 86.7% | |||||||
EQUITY - 86.7% | |||||||
283,000 | Direxion Daily S&P 500 Bull 2X Shares | $ 23,981,646 | |||||
5,800,700 | ProShares Ultra QQQ | 344,271,545 | |||||
5,072,850 | ProShares Ultra S&P500 | 270,788,733 | |||||
364,400 | SPDR S&P 500 ETF Trust | 155,773,712 | |||||
1,710,552 | Vanguard Dividend Appreciation ETF | 265,785,569 | |||||
12,580 | Vanguard Growth ETF | 3,425,660 | |||||
285,334 | Vanguard High Dividend Yield ETF | 29,480,709 | |||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $970,513,708) | 1,093,507,574 | ||||||
TOTAL INVESTMENTS - 98.7% (Cost $1,117,937,552) | $ 1,244,616,001 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 1.3% | 16,046,736 | ||||||
NET ASSETS - 100.0% | $ 1,260,662,737 | ||||||
ETF | - Exchange-Traded Fund |
LTD | - Limited Company |
PLC | - Public Limited Company |
SPDR | - Standard & Poor's Depositary Receipt |
(a) | Non-income producing security. |
HCM INCOME PLUS FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
EXCHANGE-TRADED FUNDS - 99.9% | |||||||
EQUITY - 68.7% | |||||||
246,214 | Invesco QQQ Trust Series 1 | $ 88,211,090 | |||||
1,458,400 | ProShares Ultra QQQ | 86,556,040 | |||||
1,429,400 | ProShares Ultra S&P500 | 76,301,372 | |||||
232,195 | Vanguard Growth ETF | 63,229,020 | |||||
423,403 | Vanguard Mega Cap Growth ETF | 96,070,141 | |||||
410,367,663 | |||||||
FIXED INCOME - 31.2% | |||||||
1,488,200 | SPDR Bloomberg 1-3 Month T-Bill ETF | 136,646,524 | |||||
982,800 | WisdomTree Floating Rate Treasury Fund | 49,454,496 | |||||
186,101,020 | |||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $542,678,263) | 596,468,683 | ||||||
TOTAL INVESTMENTS - 99.9% (Cost $542,678,263) | $ 596,468,683 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1% | 743,722 | ||||||
NET ASSETS - 100.0% | $ 597,212,405 | ||||||
ETF | - Exchange-Traded Fund |
SPDR | - Standard & Poor's Depositary Receipt |
HCM DYNAMIC INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
September 30, 2023 | |||||||
Shares | Fair Value | ||||||
EXCHANGE-TRADED FUNDS — 89.1% | |||||||
FIXED INCOME - 89.1% | |||||||
389,150 | iShares Convertible Bond ETF | $ 28,878,822 | |||||
296,900 | iShares iBoxx High Yield Corporate Bond ETF | 21,887,468 | |||||
18,500 | iShares JP Morgan USD Emerging Markets Bond ETF | 1,526,620 | |||||
145,700 | SPDR Bloomberg 1-3 Month T-Bill ETF | 13,378,174 | |||||
423,800 | SPDR Bloomberg Convertible Securities ETF | 28,733,640 | |||||
253,200 | SPDR Bloomberg High Yield Bond ETF | 22,889,280 | |||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $117,996,821) | 117,294,004 | ||||||
TOTAL INVESTMENTS - 89.1% (Cost $117,996,821) | $ 117,294,004 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 10.9% | 14,411,350 | ||||||
NET ASSETS - 100.0% | $ 131,705,354 | ||||||
ETF | - Exchange-Traded Fund |
SPDR | - Standard & Poor's Depositary Receipt |