| | |
| DISCIPLINE FUND ETF |
| SCHEDULE OF INVESTMENTS |
| October 31, 2024 (Unaudited) |
|
|
| | | | | | | | | | | | | | |
| EXCHANGE TRADED FUNDS - 99.7% |
| Shares |
| Value |
| SPDR Portfolio Developed World ex-U.S. ETF |
| 172,049 | |
| $ | 6,138,708 | |
| Vanguard FTSE Emerging Markets ETF |
| 31,668 | |
| 1,474,779 | |
Vanguard Intermediate-Term Treasury ETF (a) |
| 205,243 | |
| 12,068,288 | |
| Vanguard Long-Term Treasury ETF |
| 157,770 | |
| 9,171,170 | |
| Vanguard S&P 500 ETF |
| 4,226 | |
| 2,208,804 | |
| Vanguard Short-Term Treasury ETF |
| 153,345 | |
| 8,967,616 | |
| Vanguard Value ETF |
| 25,298 | |
| 4,355,304 | |
TOTAL EXCHANGE TRADED FUNDS (Cost $45,685,402) | | |
| 44,384,669 | |
|
|
|
|
|
| SHORT-TERM INVESTMENTS - 0.3% | |
|
|
|
| Money Market Funds - 0.3% |
| |
| |
First American Government Obligations Fund - Class X, 4.78% (b) |
| 139,683 | |
| 139,683 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $139,683) | | |
| 139,683 | |
|
|
|
|
|
TOTAL INVESTMENTS - 100.0% (Cost $45,825,085) | | |
| $ | 44,524,352 | |
Liabilities in Excess of Other Assets - (0.0%) (c) | | |
| (12,605) | |
| TOTAL NET ASSETS - 100.0% |
| |
| $ | 44,511,747 | |
Percentages are stated as a percent of net assets.
| | | | | | | | |
| (a) |
| Fair value of this security exceeds 25% of the Fund’s net assets. Additional information for this security, including the financial statements, is available from the SEC’s EDGAR database at www.sec.gov. |
| (b) |
| The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
| (c) |
| Represents less than 0.05% of net assets. |
Summary of Fair Value Disclosure as of October 31, 2024 (Unaudited)
Discipline Fund ETF has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of October 31, 2024:
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| DESCRIPTION | | LEVEL 1 | | LEVEL 2 | | LEVEL 3 | | TOTAL |
| Assets |
| Exchange Traded Funds | | $ | 44,384,669 | | | $ | — | | | $ | — | | | $ | 44,384,669 | |
| Money Market Funds | | 139,683 | | | — | | | — | | | 139,583 | |
| Total Investments | | $ | 44,524,352 | | | $ | — | | | $ | — | | | $ | 44,524,352 | |
Refer to the Schedule of Investments for additional information.
During the fiscal period ended October 31, 2024, the Fund did not invest in any Level 3 investments and recognized no transfers to/from Level 3. Transfers between levels are recognized at the end of the reporting period.
