THE GOLD BULLION STRATEGY PORTFOLIO | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
March 31, 2023 | |||||||
Shares | Fair Value | ||||||
EXCHANGE-TRADED FUNDS — 41.0% | |||||||
COMMODITY - 1.1% | |||||||
1,308 | SPDR Gold Shares(a),(b) | $ 239,652 | |||||
FIXED INCOME - 39.9% | |||||||
42,950 | iShares 0-3 Month Treasury Bond ETF | 4,319,911 | |||||
47,040 | SPDR Bloomberg 1-3 Month T-Bill ETF(e) | 4,319,213 | |||||
8,639,124 | |||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $8,853,998) | 8,878,776 | ||||||
SHORT-TERM INVESTMENTS — 52.0% | |||||||
MONEY MARKET FUNDS - 52.0% | |||||||
2,321,714 | DWS Government Money Market Series, Institutional Class, 4.82%(c) | 2,321,714 | |||||
2,321,914 | Fidelity Government Portfolio, Class I, 4.71%(c) | 2,321,914 | |||||
4,281,151 | First American Government Obligations Fund, Class Z, 4.60%(b)(c) | 4,281,151 | |||||
2,321,913 | STIT - Treasury Portfolio, Institutional Class, 4.72%(c) | 2,321,913 | |||||
TOTAL MONEY MARKET FUNDS (Cost $11,246,692) | 11,246,692 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $11,246,692) | 11,246,692 | ||||||
Units | |||||||
1,626,200 | COLLATERAL FOR SECURITIES LOANED — 7.5% Mount Vernon Liquid Assets Portfolio, LLC - 5.00% (c)(d) | ||||||
TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $1,626,200) | 1,626,200 | ||||||
TOTAL INVESTMENTS - 100.5% (Cost $21,726,890) | $ 21,751,668 | ||||||
LIABILITIES IN EXCESS OTHER ASSETS – (0.5)% | (110,167) | ||||||
NET ASSETS - 100.0% | $ 21,641,501 | ||||||
OPEN FUTURES CONTRACTS | |||||||
Number of Contracts | Open Long Futures Contracts | Expiration | Notional Amount | Unrealized Appreciation | |||
108 | COMEX Gold 100 Troy Ounces Futures(b) | 06/28/2023 | $ 21,473,640 | $ 125,800 | |||
TOTAL FUTURES CONTRACTS | |||||||
ETF | - Exchange-Traded Fund |
SPDR | - Standard & Poor's Depositary Receipt |
(a) | Non-income producing security. |
(b) | All or a portion of this investment is a holding of the GBSP Fund Ltd. |
(c) | Rate disclosed is the seven day effective yield as of March 31, 2023. |
(d) | Security purchased with cash proceeds of securities lending collateral. |
(e) | All or a portion of the security is on loan. Total loaned securities had a value of $1,588,486 at March 31, 2023. |