ONTRACK CORE FUND | ||||||||
SCHEDULE OF INVESTMENTS (Unaudited) | ||||||||
March 31, 2024 | ||||||||
Shares | Fair Value | |||||||
EXCHANGE-TRADED FUNDS — 0.7% | ||||||||
FIXED INCOME - 0.7% | ||||||||
10,000 | Pacer Pacific Asset Floating Rate High Income ETF | $ 475,600 | ||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $475,092) | 475,600 | |||||||
OPEN-END FUNDS — 89.8% | ||||||||
ALTERNATIVE - 11.1% | ||||||||
291,829 | Ambassador Fund | 2,979,572 | ||||||
424,956 | Pioneer CAT Bond Fund, Class Y | 4,568,280 | ||||||
7,547,852 | ||||||||
FIXED INCOME - 78.7% | ||||||||
920,598 | American Beacon SiM High Yield Opportunities Fund, Class Y | 8,405,063 | ||||||
1,186,944 | BlackRock High Yield Bond Portfolio, Institutional Class | 8,379,822 | ||||||
355,450 | BlackRock High Yield Municipal Fund, Institutional Class | 3,184,834 | ||||||
1,211,710 | BNY Mellon Floating Rate Income Fund, Class I | 13,510,569 | ||||||
709,779 | Bramshill Multi Strategy Income Fund, Institutional Class | 4,620,663 | ||||||
306,749 | Cohen & Steers Preferred Securities and Income, Class I | 3,705,522 | ||||||
234,742 | DoubleLine Emerging Markets Fixed Income Fund, Class I | 2,091,549 | ||||||
934,579 | Principal Spectrum Preferred and Capital Securities Income Fund, Institutional Class | 8,448,598 | ||||||
100,100 | Thompson Bond Fund | 1,013,013 | ||||||
53,359,633 | ||||||||
TOTAL OPEN-END FUNDS (Cost $58,909,545) | 60,907,485 | |||||||
SHORT-TERM INVESTMENTS — 1.5% | ||||||||
MONEY MARKET FUNDS - 1.5% | ||||||||
499,975 | Fidelity Government Portfolio, Class I, 5.21%(a) | 499,975 | ||||||
499,975 | First American Government Obligations Fund, Class Z, 5.19%(a) | 499,975 | ||||||
TOTAL MONEY MARKET FUNDS (Cost $999,950) | 999,950 | |||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $999,950) | 999,950 | |||||||
ONTRACK CORE FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
TOTAL INVESTMENTS - 92.0% (Cost $60,384,587) | $ 62,383,035 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 8.0% | 5,437,246 | ||||||
NET ASSETS - 100.0% | $ 67,820,281 | ||||||
OPEN FUTURES CONTRACTS | |||||||
Number of Contracts | Open Long Futures Contracts | Expiration | Notional Amount | Unrealized Appreciation | |||
28 | CME E-Mini Russell 2000 Index Futures | 06/21/2024 | $ 3,004,260 | $ 28,580 | |||
TOTAL FUTURES CONTRACTS | |||||||
ETF | - Exchange-Traded Fund |
(a) | Rate disclosed is the seven-day effective yield as of March 31, 2024. |
TOTAL RETURN SWAPS | |||||||||
Number of Shares | Reference Entity | Notional Amount at March 31, 2024 | Interest Rate Payable (1) | Termination Date | Counterparty | Unrealized Appreciation (Depreciation) | |||
Long Position: | |||||||||
550,055 | American Beacon SiM High Yield Opportunities Fund Class Y* | $ 5,022,002 | USD SOFR plus 165 bp | 2/12/2027 | BRC | $ - | |||
419,463 | Cohen & Steers Preferred Securities and Income Fund, Inc. Class I* | 5,067,114 | USD FED plus 165 bp | 3/3/2025 | CIBC | - | |||
643,501 | Eaton Vance Emerging Markets Debt Opportunities Fund Class I* | 5,038,610 | USD SOFR plus 165 bp | 2/26/2027 | BRC | - | |||
328,084 | Nuveen Preferred Securities & Income Fund Class I* | 5,016,404 | USD SOFR plus 165 bp | 3/15/2027 | BRC | - | |||
564,334 | PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Institutional Class* | 5,011,287 | USD SOFR plus 165 bp | 3/15/2027 | BRC | - | |||
559,284 | Principal Spectrum Preferred and Capital Securities Income Fund Institutional Class* | 5,055,928 | USD FED plus 165 bp | 3/3/2025 | CIBC | - | |||
496,032 | Thompson Bond Fund* | 5,019,841 | USD SOFR plus 165 bp | 2/1/2027 | BRC | - | |||
Total: | $ - | ||||||||
BRC - Barclays Capital | |||||||||
CIBC - Canadian Imperial Bank of Commerce | |||||||||
FED - Federal Funds Effective Rate | |||||||||
SOFR - Secured Overnight Financing Rate | |||||||||
LIBOR - London Interbank Offered Rate | |||||||||
(1) | Interest rate is based upon predetermined notional amounts, which may be a multiple of the number of shares plus a specified spread. | ||||||||
* | Swap contract reset at March 31, 2024. | ||||||||