Schedules of Investments | U.S. Equity Cumulative Dividends Fund—Series 2027 Schedule of Investments Description Principal Value U.S. TREASURY OBLIGATIONS - 97.4% U.S. Treasury Notes 2.250%, 11/15/2027 (1) $ 5,136,000 $ 5,461,213 2.250%, 12/31/2023 (1) 4,509,000 4,701,689 2.250%, 11/15/2024 (1) 4,731,000 4,981,041 2.250%, 11/15/2025 (1) 4,874,000 5,156,730 2.125%, 12/31/2022 (1) 4,241,000 4,346,363 2.000%, 12/31/2021 (1) 536,000 538,593 2.000%, 11/15/2026 (1) 5,015,000 5,263,399 Total U.S. Treasury Obligations (Cost $30,708,977) 30,449,028 Total Investments - 97.4% (Cost $30,708,977) $ 30,449,028 Percentages are based on net assets of $31,255,639 A list of the open futures contracts held by the Fund at September 30, 2021, is as follows: Number of Unrealized Contracts Expiration Notional Notional Appreciation Type of Contract Long Date Amount Value (Depreciation) S&P 500 Annl Div Dec21 320 12/20/2021 4,804,422 4,768,000 $ (36,422 ) S&P 500 Annl Div Dec22 320 12/19/2022 4,926,422 5,060,000 $ 133,578 S&P 500 Annl Div Dec23 320 12/18/2023 5,027,485 5,212,000 $ 184,515 S&P 500 Annl Div Dec24 320 12/23/2024 5,103,610 5,288,000 $ 184,390 S&P 500 Annl Div Dec25 320 12/22/2025 5,184,797 5,340,000 $ 155,203 S&P 500 Annl Div Dec26 320 12/21/2026 5,275,110 5,376,000 $ 100,890 S&P 500 Annl Div Dec27 320 12/20/2027 5,356,734 5,428,000 $ 71,266 Net Unrealized Appreciation (Depreciation) $ 793,420 (1) Security, or a portion of, has been pledged as collateral for the trading of futures contracts. The market value of the securities pledged as collateral for the period ended September 30, 2021 was $10,237,069 or 32.8% of net assets. U.S. Equity Cumulative Dividends Fund—Series 2027 Schedule of Investments December 31, 2020 (Audited) Description Principal Value U.S. TREASURY OBLIGATIONS - 95.5% U.S. Treasury Notes 2.250%, 11/15/2027 (1) $ 2,650,000 $ 2,941,655 2.250%, 12/31/2023 (1) 2,441,000 2,593,372 2.250%, 11/15/2024 (1) 2,541,000 2,737,729 2.250%, 11/15/2025 (1) 2,532,000 2,765,122 2.125%, 12/31/2022 (1) 2,438,000 2,535,139 2.000%, 12/31/2021 (1) 2,403,000 2,448,109 2.000%, 11/15/2026 (1) 2,586,000 2,814,598 Total U.S. Treasury Obligations (Cost $18,746,186) 18,835,724 Total Investments - 95.5% (Cost $18,746,186) $ 18,835,724 Percentages are based on net assets of $19,713,753. A list of the open futures contracts held by the Fund at December 31, 2020, is as follows: Number of Unrealized Contracts Expiration Notional Notional Appreciation Type of Contract Long (Short) Date Amount Value (Depreciation) S&P 500 Annl Div Dec21 210 12/20/2021 3,175,483 2,955,750 $ (219,733 ) S&P 500 Annl Div Dec22 210 12/19/2022 3,232,545 2,942,625 $ (289,920 ) S&P 500 Annl Div Dec23 210 12/18/2023 3,287,608 2,942,625 $ (344,983 ) S&P 500 Annl Div Dec24 210 12/23/2024 3,344,545 2,932,125 $ (412,420 ) S&P 500 Annl Div Dec25 210 12/22/2025 3,414,608 2,924,250 $ (490,358 ) S&P 500 Annl Div Dec26 210 12/21/2026 3,485,732 2,934,750 $ (550,982 ) S&P 500 Annl Div Dec27 210 12/20/2027 3,552,170 2,945,250 $ (606,920 ) Net Unrealized Appreciation (Depreciation) $ (2,915,316 ) (1) Security, or a portion of, has been pledged as collateral for the trading of futures contracts. The market value of the securities pledged as collateral for the period ended December 31, 2020 was $10,797,858 or 54.8% of net assets. U.S. Equity Ex-Dividend Fund—Series 2027 Schedule of Investments Description Principal Amount Value U.S. TREASURY OBLIGATIONS - 90.6% U.S. Treasury Bills (1) (2) 0.032%, 10/07/2021 $ 34,900,000 $ 34,899,810 Total U.S. Treasury Obligations (Cost $34,899,810) 34,899,810 Total Investments - 90.6% (Cost $34,899,810) $ 34,899,810 Percentages are based on net assets of $38,537,510. A list of the open futures contracts held by the Fund at September 30, 2021, is as follows: Number of Unrealized Contracts Expiration Notional Notional Appreciation Type of Contract Long/(Short) Date Amount Value (Depreciation) S&P 500 Annl Div Dec21 (40 ) 12/20/2021 (613,816 ) (596,000 ) 17,816 S&P 500 Annl Div Dec22 (40 ) 12/19/2022 (631,004 ) (632,500 ) (1,496 ) S&P 500 Annl Div Dec23 (40 ) 12/18/2023 (644,691 ) (651,500 ) (6,809 ) S&P 500 Annl Div Dec24 (40 ) 12/23/2024 (660,316 ) (661,000 ) (684 ) S&P 500 Annl Div Dec25 (40 ) 12/22/2025 (673,566 ) (667,500 ) 6,066 S&P 500 Annl Div Dec26 (40 ) 12/21/2026 (687,629 ) (672,000 ) 15,629 S&P 500 Annl Div Dec27 (40 ) 12/20/2027 (702,317 ) (678,500 ) 23,817 E-mini S&P 500 Index Dec21 200 12/20/2021 45,034,324 42,977,500 (2,056,824 ) Net Unrealized Appreciation (Depreciation) $ (2,002,485 ) (1) Zero coupon security. The rate reported on the Schedule of Investments is the effective yield at time of purchase. (2) Security, or a portion of, has been pledged as collateral for the trading of futures contracts. The market value of the securities pledged as collateral for the period ended September 30, 2021 was $22,397,760 or 58.1% of net assets. U.S. Equity Ex-Dividend Fund—Series 2027 Schedule of Investments December 31, 2020 (Audited) Description Principal Amount Value U.S. TREASURY OBLIGATIONS - 93.5% U.S. Treasury Bills (1) (2) 0.095%, 05/06/2021 $ 31,400,000 $ 31,392,285 Total U.S. Treasury Obligations (Cost $31,389,680) 31,392,285 Total Investments - 93.5% (Cost $31,389,680) $ 31,392,285 Percentages are based on net assets of $33,575,230. A list of the open futures contracts held by the Fund at December 31, 2020, is as follows: Number of Unrealized Contracts Expiration Notional Notional Appreciation Type of Contract Long/(Short) Date Amount Value (Depreciation) S&P 500 Annl Div Dec21 (40 ) 12/20/2021 $ (613,816 ) $ (563,000 ) $ 50,816 S&P 500 Annl Div Dec22 (40 ) 12/19/2022 (631,004 ) (560,500 ) 70,504 S&P 500 Annl Div Dec23 (40 ) 12/18/2023 (644,691 ) (560,500 ) 84,191 S&P 500 Annl Div Dec24 (40 ) 12/23/2024 (660,316 ) (558,500 ) 101,816 S&P 500 Annl Div Dec25 (40 ) 12/22/2025 (673,566 ) (557,000 ) 116,566 S&P 500 Annl Div Dec26 (40 ) 12/21/2026 (687,629 ) (559,000 ) 128,629 S&P 500 Annl Div Dec27 (40 ) 12/20/2027 (702,317 ) (561,000 ) 141,317 E-mini S&P 500 Index Mar 21 200 03/22/2021 36,811,712 37,488,000 676,288 Net Unrealized Appreciation (Depreciation) $ 1,370,127 (1) Zero coupon security. The rate reported on the Schedule of Investments is the effective yield at time of purchase. (2) Security, or a portion of, has been pledged as collateral for the trading of futures contracts. The market value of the securities pledged as collateral for the period ended December 31, 2020 was $22,393,280 or 66.7% of net assets. |