HCM TACTICAL GROWTH FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 2.6% | |||||||
BEVERAGES - 0.1% | |||||||
17,605 | Brown-Forman Corporation, Class B | $ 908,770 | |||||
BIOTECH & PHARMA - 0.1% | |||||||
4,240 | Amgen, Inc. | 1,205,517 | |||||
CHEMICALS - 0.1% | |||||||
11,050 | CF Industries Holdings, Inc. | 919,471 | |||||
E-COMMERCE DISCRETIONARY - 0.1% | |||||||
11,651 | Amazon.com, Inc. (a) | 2,101,607 | |||||
HEALTH CARE FACILITIES & SERVICES - 0.0% (b) | |||||||
2,103 | Humana, Inc. | 729,152 | |||||
INFRASTRUCTURE REIT - 0.1% | |||||||
5,594 | American Tower Corporation | 1,105,319 | |||||
8,769 | Crown Castle, Inc. | 928,023 | |||||
2,033,342 | |||||||
INTERNET MEDIA & SERVICES - 0.5% | |||||||
12,288 | Alphabet, Inc., Class A (a) | 1,854,628 | |||||
11,824 | Meta Platforms, Inc., Class A | 5,741,498 | |||||
7,596,126 | |||||||
OIL & GAS PRODUCERS - 0.2% | |||||||
6,500 | Chevron Corporation | 1,025,310 | |||||
15,352 | Devon Energy Corporation | 770,363 | |||||
8,890 | EOG Resources, Inc. | 1,136,498 | |||||
2,932,171 | |||||||
RETAIL - DISCRETIONARY - 0.1% | |||||||
6,558 | Genuine Parts Company | 1,016,031 | |||||
SELF-STORAGE REIT - 0.1% | |||||||
6,704 | Extra Space Storage, Inc. | 985,488 | |||||
HCM TACTICAL GROWTH FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 2.6% (Continued) | |||||||
SEMICONDUCTORS - 0.9% | |||||||
19,502 | Advanced Micro Devices, Inc. (a) | $ 3,519,916 | |||||
8,896 | NVIDIA Corporation | 8,038,069 | |||||
10,156 | QUALCOMM, Inc. | 1,719,411 | |||||
13,277,396 | |||||||
SOFTWARE - 0.1% | |||||||
5,200 | Microsoft Corporation | 2,187,744 | |||||
TECHNOLOGY HARDWARE - 0.1% | |||||||
8,056 | Apple, Inc. | 1,381,443 | |||||
TECHNOLOGY SERVICES - 0.1% | |||||||
13,587 | PayPal Holdings, Inc. (a) | 910,193 | |||||
TOTAL COMMON STOCKS (Cost $24,177,782) | 38,184,451 | ||||||
EXCHANGE-TRADED FUNDS — 86.0% | |||||||
EQUITY - 86.0% | |||||||
1,283,900 | Direxion Daily Small Cap Bull 3X Shares | 55,104,988 | |||||
722,980 | Invesco QQQ Trust Series 1 | 321,010,350 | |||||
3,359,300 | ProShares Ultra QQQ | 293,871,564 | |||||
3,791,600 | ProShares UltraPro QQQ | 233,410,896 | |||||
1,194,657 | Vanguard Mega Cap Growth ETF | 342,400,642 | |||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $909,671,560) | 1,245,798,440 | ||||||
TOTAL INVESTMENTS - 88.6% (Cost $933,849,342) | $ 1,283,982,891 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 11.4% | 164,700,494 | ||||||
NET ASSETS - 100.0% | $ 1,448,683,385 | ||||||
ETF | - Exchange-Traded Fund |
REIT | - Real Estate Investment Trust |
(a) | Non-income producing security. |
(b) | Percentage rounds to less than 0.1%. |
HCM DIVIDEND SECTOR PLUS FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 11.5% | |||||||
APPAREL & TEXTILE PRODUCTS - 0.3% | |||||||
26,333 | Ralph Lauren Corporation | $ 4,944,284 | |||||
AUTOMOTIVE - 0.5% | |||||||
76,278 | BorgWarner, Inc. | 2,649,898 | |||||
97,077 | General Motors Company | 4,402,442 | |||||
7,052,340 | |||||||
BANKING - 0.5% | |||||||
73,828 | Citigroup, Inc. | 4,668,883 | |||||
23,871 | M&T Bank Corporation | 3,471,798 | |||||
8,140,681 | |||||||
BIOTECH & PHARMA - 0.6% | |||||||
178,927 | Organon & Company | 3,363,828 | |||||
90,184 | Pfizer, Inc. | 2,502,606 | |||||
308,928 | Viatris, Inc. | 3,688,600 | |||||
9,555,034 | |||||||
CHEMICALS - 0.5% | |||||||
19,313 | Albemarle Corporation | 2,544,295 | |||||
34,974 | CF Industries Holdings, Inc. | 2,910,186 | |||||
85,615 | Mosaic Company (The) | 2,779,063 | |||||
8,233,544 | |||||||
ELECTRIC UTILITIES - 1.2% | |||||||
237,447 | AES Corporation (The) | 4,257,424 | |||||
32,253 | Entergy Corporation | 3,408,497 | |||||
60,741 | Evergy, Inc. | 3,242,355 | |||||
126,362 | PPL Corporation | 3,478,746 | |||||
51,345 | Public Service Enterprise Group, Inc. | 3,428,819 | |||||
17,815,841 | |||||||
ENTERTAINMENT CONTENT - 0.4% | |||||||
98,267 | Fox Corporation, Class A | 3,072,809 | |||||
106,260 | Fox Corporation, Class B | 3,041,161 | |||||
6,113,970 | |||||||
FOOD - 0.2% | |||||||
63,601 | Tyson Foods, Inc., Class A | 3,735,287 | |||||
HCM DIVIDEND SECTOR PLUS FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 11.5% (Continued) | |||||||
HEALTH CARE FACILITIES & SERVICES - 0.4% | |||||||
5,945 | Humana, Inc. | $ 2,061,250 | |||||
23,450 | Universal Health Services, Inc., Class B | 4,278,687 | |||||
6,339,937 | |||||||
HOME CONSTRUCTION - 0.6% | |||||||
27,216 | Lennar Corporation, Class A | 4,680,608 | |||||
41,197 | PulteGroup, Inc. | 4,969,182 | |||||
9,649,790 | |||||||
INSURANCE - 0.5% | |||||||
8,633 | Berkshire Hathaway, Inc., Class B(a) | 3,630,349 | |||||
48,523 | MetLife, Inc. | 3,596,040 | |||||
7,226,389 | |||||||
OIL & GAS PRODUCERS - 1.1% | |||||||
76,259 | APA Corporation | 2,621,784 | |||||
106,605 | Coterra Energy, Inc. | 2,972,147 | |||||
67,680 | EQT Corporation | 2,508,898 | |||||
20,399 | Marathon Petroleum Corporation | 4,110,399 | |||||
23,556 | Valero Energy Corporation | 4,020,774 | |||||
16,234,002 | |||||||
PUBLISHING & BROADCASTING - 0.3% | |||||||
143,272 | News Corporation, Class B | 3,876,940 | |||||
RETAIL - CONSUMER STAPLES - 0.3% | |||||||
68,091 | Kroger Company (The) | 3,890,039 | |||||
SEMICONDUCTORS - 0.2% | |||||||
30,558 | Skyworks Solutions, Inc. | 3,310,043 | |||||
SPECIALTY FINANCE - 0.3% | |||||||
102,478 | Synchrony Financial | 4,418,851 | |||||
STEEL - 0.5% | |||||||
19,174 | Nucor Corporation | 3,794,535 | |||||
27,639 | Steel Dynamics, Inc. | 4,096,929 | |||||
7,891,464 |
HCM DIVIDEND SECTOR PLUS FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 11.5% (Continued) | |||||||
TECHNOLOGY HARDWARE - 0.4% | |||||||
178,604 | Hewlett Packard Enterprise Company | $ 3,166,649 | |||||
115,577 | HP, Inc. | 3,492,736 | |||||
6,659,385 | |||||||
TECHNOLOGY SERVICES - 0.4% | |||||||
44,068 | Cognizant Technology Solutions Corporation, Class A | 3,229,744 | |||||
136,795 | DXC Technology Company(a) | 2,901,422 | |||||
6,131,166 | |||||||
TELECOMMUNICATIONS - 0.5% | |||||||
202,853 | AT&T, Inc. | 3,570,213 | |||||
95,278 | Verizon Communications, Inc. | 3,997,865 | |||||
7,568,078 | |||||||
TOBACCO & CANNABIS - 0.2% | |||||||
70,078 | Altria Group, Inc. | 3,056,802 | |||||
TRANSPORTATION & LOGISTICS - 1.2% | |||||||
88,489 | Alaska Air Group, Inc.(a) | 3,804,142 | |||||
245,913 | American Airlines Group, Inc.(a) | 3,774,765 | |||||
85,071 | Delta Air Lines, Inc. | 4,072,348 | |||||
113,737 | Southwest Airlines Company | 3,319,983 | |||||
75,425 | United Airlines Holdings, Inc.(a) | 3,611,349 | |||||
18,582,587 | |||||||
WHOLESALE - CONSUMER STAPLES - 0.4% | |||||||
40,126 | Archer-Daniels-Midland Company | 2,520,314 | |||||
28,136 | Bunge Global S.A. | 2,884,503 | |||||
5,404,817 | |||||||
TOTAL COMMON STOCKS (Cost $154,066,813) | 175,831,271 | ||||||
EXCHANGE-TRADED FUNDS — 88.0% | |||||||
EQUITY - 88.0% | |||||||
1,952,800 | Direxion Daily S&P 500 Bull 3X | 261,733,784 | |||||
224,100 | iShares Select Dividend ETF | 27,604,638 | |||||
3,320,550 | ProShares Ultra QQQ | 290,481,714 |
HCM DIVIDEND SECTOR PLUS FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
EXCHANGE-TRADED FUNDS — 88.0% (Continued) | |||||||
EQUITY - 88.0% (Continued) | |||||||
1,873,100 | ProShares Ultra S&P500 | $ 145,202,712 | |||||
334,800 | SPDR S&P 500 ETF Trust | 175,123,836 | |||||
1,704,452 | Vanguard Dividend Appreciation ETF | 311,249,979 | |||||
12,580 | Vanguard Growth ETF | 4,330,036 | |||||
1,044,234 | Vanguard High Dividend Yield ETF | 126,341,872 | |||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $1,059,087,244) | 1,342,068,571 | ||||||
TOTAL INVESTMENTS - 99.5% (Cost $1,213,154,057) | $ 1,517,899,842 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.5% | 7,503,784 | ||||||
NET ASSETS - 100.0% | $ 1,525,403,626 | ||||||
ETF | - Exchange-Traded Fund |
PLC | - Public Limited Company |
S/A | - Société Anonyme |
SPDR | - Standard & Poor's Depositary Receipt |
(a) | Non-income producing security. |
HCM INCOME PLUS FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
EXCHANGE-TRADED FUNDS — 99.3% | |||||||
EQUITY - 72.9% | |||||||
245,664 | Invesco QQQ Trust Series 1 | $ 109,077,273 | |||||
1,388,800 | ProShares Ultra QQQ | 121,492,224 | |||||
987,000 | ProShares Ultra S&P500 | 76,512,240 | |||||
231,495 | Vanguard Growth ETF | 79,680,579 | |||||
422,553 | Vanguard Mega Cap Growth ETF | 121,107,915 | |||||
507,870,231 | |||||||
FIXED INCOME - 26.4% | |||||||
1,375,900 | iShares Core U.S. Aggregate Bond ETF | 134,755,646 | |||||
978,900 | WisdomTree Floating Rate Treasury Fund | 49,228,881 | |||||
183,984,527 | |||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $545,454,429) | 691,854,758 | ||||||
TOTAL INVESTMENTS - 99.3% (Cost $545,454,429) | $ 691,854,758 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.7% | 4,809,938 | ||||||
NET ASSETS - 100.0% | $ 696,664,696 | ||||||
ETF | - Exchange-Traded Fund |
HCM DYNAMIC INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
EXCHANGE-TRADED FUNDS — 99.8% | |||||||
FIXED INCOME - 99.8% | |||||||
339,400 | Direxion Daily 20 Year Plus Treasury Bull 3x | $ 18,497,300 | |||||
370,800 | iShares Convertible Bond ETF | 29,600,964 | |||||
26,250 | iShares iBoxx $ Investment Grade Corporate Bond ETF | 2,859,150 | |||||
296,900 | iShares iBoxx High Yield Corporate Bond ETF | 23,078,037 | |||||
422,100 | SPDR Bloomberg Convertible Securities ETF | 30,830,184 | |||||
253,200 | SPDR Bloomberg High Yield Bond ETF | 24,104,640 | |||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $123,642,231) | 128,970,275 | ||||||
TOTAL INVESTMENTS - 99.8% (Cost $123,642,231) | $ 128,970,275 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.2% | 202,310 | ||||||
NET ASSETS - 100.0% | $ 129,172,585 | ||||||