ABSOLUTE CAPITAL ASSET ALLOCATOR FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
December 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 11.7% | |||||||
CHEMICALS - 0.5% | |||||||
2,500 | HB Fuller Company | $ 203,525 | |||||
HEALTH CARE FACILITIES & SERVICES - 1.9% | |||||||
1,500 | UnitedHealth Group, Inc. | 789,705 | |||||
INTERNET MEDIA & SERVICES - 2.5% | |||||||
16,900 | Uber Technologies, Inc.(a) | 1,040,533 | |||||
LEISURE FACILITIES & SERVICES - 2.7% | |||||||
2,600 | McDonald's Corporation | 770,926 | |||||
2,800 | Yum! Brands, Inc. | 365,848 | |||||
1,136,774 | |||||||
SOFTWARE - 3.1% | |||||||
4,500 | Palo Alto Networks, Inc.(a) | 1,326,960 | |||||
TECHNOLOGY HARDWARE - 0.5% | |||||||
900 | Arista Networks, Inc.(a) | 211,959 | |||||
TRANSPORTATION EQUIPMENT - 0.5% | |||||||
2,100 | PACCAR, Inc. | 205,065 | |||||
TOTAL COMMON STOCKS (Cost $4,163,685) | 4,914,521 | ||||||
EXCHANGE-TRADED FUNDS — 67.2% | |||||||
EQUITY - 67.2% | |||||||
14,500 | Fidelity Low Volatility Factor ETF | 768,065 | |||||
19,800 | Industrial Select Sector SPDR Fund | 2,257,002 | |||||
1,900 | Invesco Building & Construction ETF | 119,928 | |||||
7,100 | Invesco QQQ Trust Series 1 | 2,907,592 | |||||
41,600 | Invesco S&P 500 Revenue ETF | 3,550,144 | |||||
22,600 | iShares Cybersecurity and Tech ETF | 1,026,718 | |||||
1,200 | iShares U.S. Home Construction ETF | 122,076 |
ABSOLUTE CAPITAL ASSET ALLOCATOR FUND | |||||||||||
SCHEDULE OF INVESTMENTS (Unaudited)(Continued) | |||||||||||
December 31, 2023 | |||||||||||
Shares | Fair Value | ||||||||||
EXCHANGE-TRADED FUNDS — 67.2% (Continued) | |||||||||||
EQUITY - 67.2% (Continued) | |||||||||||
3,100 | Real Estate Select Sector SPDR Fund | $ 124,186 | |||||||||
50,000 | Schwab Fundamental U.S. Large Company Index ETF | 3,097,000 | |||||||||
30,500 | SPDR Portfolio S&P 500 ETF | 1,704,950 | |||||||||
14,600 | SPDR S&P 1500 Value Tilt ETF | 2,340,088 | |||||||||
5,000 | SPDR SSGA U.S. Large Cap Low Volatility Index ETF | 725,050 | |||||||||
6,000 | Technology Select Sector SPDR Fund | 1,154,880 | |||||||||
15,300 | Vanguard Communication Services ETF | 1,801,182 | |||||||||
4,000 | Vanguard Health Care ETF | 1,002,800 | |||||||||
7,300 | Vanguard Industrials ETF | 1,609,139 | |||||||||
13,000 | Vanguard Total Stock Market ETF | 3,083,860 | |||||||||
7,100 | Vanguard U.S. Multifactor ETF | 815,407 | |||||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $25,720,552) | 28,210,067 | ||||||||||
Principal Amount ($) | Yield Rate (%) | Maturity | |||||||||
SHORT-TERM INVESTMENTS — 21.2% | |||||||||||
U.S. TREASURY BILLS — 19.2% | |||||||||||
2,800,000 | United States Treasury Bill | 2.67 | 01/02/24 | 2,799,591 | |||||||
2,700,000 | United States Treasury Bill | 5.17 | 02/01/24 | 2,687,817 | |||||||
2,600,000 | United States Treasury Bill | 5.15 | 03/05/24 | 2,576,375 | |||||||
8,063,783 | |||||||||||
Shares | |||||||||||
MONEY MARKET FUND - 2.0% | |||||||||||
832,117 | First American Government Obligations Fund, Class X, 5.29%(b) | 832,117 | |||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $8,895,369) | 8,895,900 | |||||||||
TOTAL INVESTMENTS - 100.1% (Cost $38,779,606) | $ 42,020,488 | ||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)% | (45,364) | ||||||||||
NET ASSETS - 100.0% | $ 41,975,124 | ||||||||||
ETF | - Exchange-Traded Fund |
SPDR | - Standard & Poor's Depositary Receipt |
(a) | Non-income producing security. |
(b) | Rate disclosed is the seven day effective yield as of December 31, 2023. |
ABSOLUTE CAPITAL DEFENDER FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
December 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 8.6% | |||||||
CHEMICALS - 0.4% | |||||||
1,300 | HB Fuller Company | $ 105,833 | |||||
HEALTH CARE FACILITIES & SERVICES - 2.5% | |||||||
1,300 | UnitedHealth Group, Inc. | 684,411 | |||||
LEISURE FACILITIES & SERVICES - 2.2% | |||||||
2,000 | McDonald's Corporation | 593,020 | |||||
SOFTWARE - 2.6% | |||||||
2,400 | Palo Alto Networks, Inc.(a) | 707,712 | |||||
TECHNOLOGY HARDWARE - 0.5% | |||||||
500 | Arista Networks, Inc.(a) | 117,755 | |||||
TRANSPORTATION EQUIPMENT - 0.4% | |||||||
1,100 | PACCAR, Inc. | 107,415 | |||||
TOTAL COMMON STOCKS (Cost $2,023,035) | 2,316,146 | ||||||
EXCHANGE-TRADED FUNDS — 52.5% | |||||||
EQUITY - 49.0% | |||||||
16,200 | Fidelity Low Volatility Factor ETF | 858,114 | |||||
8,200 | Industrial Select Sector SPDR Fund | 934,718 | |||||
1,600 | Invesco Building & Construction ETF | 100,992 | |||||
4,500 | Invesco QQQ Trust Series 1 | 1,842,840 | |||||
22,800 | Invesco S&P 500 Revenue ETF | 1,945,752 | |||||
1,000 | iShares U.S. Home Construction ETF | 101,730 | |||||
2,600 | Real Estate Select Sector SPDR Fund | 104,156 | |||||
28,500 | Schwab Fundamental U.S. Large Company Index ETF | 1,765,290 | |||||
11,200 | SPDR Portfolio S&P 500 ETF | 626,080 | |||||
5,000 | SPDR S&P 1500 Value Tilt ETF | 801,400 | |||||
2,100 | Technology Select Sector SPDR Fund | 404,208 |
ABSOLUTE CAPITAL DEFENDER FUND | |||||||||
SCHEDULE OF INVESTMENTS (Unaudited)(Continued) | |||||||||
December 31, 2023 | |||||||||
Shares | Fair Value | ||||||||
EXCHANGE-TRADED FUNDS — 52.5% (Continued) | |||||||||
EQUITY - 49.0% (Continued) | |||||||||
10,000 | Vanguard Communication Services ETF | $ 1,177,243 | |||||||
800 | Vanguard Health Care ETF | 200,560 | |||||||
3,600 | Vanguard Industrials ETF | 793,548 | |||||||
6,700 | Vanguard Total Stock Market ETF | 1,589,374 | |||||||
13,246,005 | |||||||||
FIXED INCOME - 3.5% | |||||||||
31,100 | iShares iBonds 2024 Term High Yield and Income ETF | 721,831 | |||||||
9,500 | iShares iBonds Dec 2024 Term Corporate ETF | 236,645 | |||||||
958,476 | |||||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $13,131,976) | 14,204,481 | ||||||||
Principal Amount ($) | Yield Rate (%) | Maturity | |||||||
SHORT-TERM INVESTMENTS — 39.0% | |||||||||
U.S. TREASURY BILLS — 36.7% | |||||||||
2,700,000 | United States Treasury Bill | 2.67 | 01/02/24 | 2,699,605 | |||||
2,500,000 | United States Treasury Bill | 5.17 | 02/01/24 | 2,488,717 | |||||
2,000,000 | United States Treasury Bill | 5.15 | 03/05/24 | 1,981,827 | |||||
2,800,000 | United States Treasury Bill | 5.20 | 05/23/24 | 2,743,731 | |||||
9,913,880 | |||||||||
Shares | |||||||||
MONEY MARKET FUND - 2.3% | |||||||||
621,161 | First American Government Obligations Fund, Class X, 5.29%(b) | 621,161 | |||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $10,533,756) | 10,535,041 | ||||||||
TOTAL INVESTMENTS - 100.1% (Cost $25,688,767) | $ 27,055,668 | ||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)% | (16,924) | ||||||||
NET ASSETS - 100.0% | $ 27,038,744 | ||||||||
ETF | - Exchange-Traded Fund |
SPDR | - Standard & Poor's Depositary Receipt |
(a) | Non-income producing security. |
(b) | Rate disclosed is the seven day effective yield as of December 31, 2023. |