Portfolio of Investments | December 31, 2022 (Unaudited) |
Rareview Dynamic Fixed Income ETF
Portfolio of Investments Summary Table | Percentage of Total Investments (%) | |||
Closed End Funds | 96.2 | |||
Treasury Bill | 3.8 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2022, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund's total net assets.
Portfolio of Investments | ||||||||
Shares | Fair Value ($) |
| ||||||
Closed End Funds — 86.8% | ||||||||
1,037,680 | Aberdeen Asia Pacific Income Fund, Inc. | 2,729,098 | ||||||
29,643 | BlackRock Core Bond Trust | 307,694 | ||||||
276,963 | BlackRock Credit Allocation Income Trust | 2,797,326 | ||||||
173,023 | BlackRock Income Trust, Inc. | 2,135,104 | ||||||
106,629 | BlackRock Municipal Income Trust II | 1,101,478 | ||||||
100,921 | BlackRock MuniHoldings Fund, Inc. | 1,225,181 | ||||||
129,948 | BlackRock MuniYield Fund, Inc. | 1,352,759 | ||||||
89,424 | BlackRock MuniYield Quality Fund, Inc. | 1,037,318 | ||||||
110,826 | BlackRock MuniYield Quality Fund III, Inc. | 1,242,359 | ||||||
126,062 | Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund | 2,227,516 | ||||||
149,025 | DoubleLine Yield Opportunities Fund | 1,955,208 | ||||||
160,846 | First Trust Intermediate Duration Preferred & Income Fund | 2,713,472 | ||||||
75,641 | Invesco Municipal Trust | 748,846 | ||||||
139,243 | Invesco Quality Municipal Income Trust | 1,311,669 | ||||||
390,575 | Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. | 1,718,530 | ||||||
129,632 | Nuveen AMT-Free Municipal Credit Income Fund | 1,573,733 | ||||||
120,352 | Nuveen AMT-Free Quality Municipal Income Fund | 1,368,402 | ||||||
184,558 | Nuveen Municipal Credit Income Fund | 2,229,461 | ||||||
365,065 | Nuveen Preferred & Income Securities Fund | 2,482,442 | ||||||
32,451 | Nuveen Quality Municipal Income Fund | 382,922 | ||||||
125,350 | Western Asset Diversified Income Fund | 1,591,945 | ||||||
205,202 | Western Asset Emerging Markets Debt Fund, Inc. | 1,869,390 | ||||||
36,101,853 | ||||||||
Total Closed End Funds (Cost $39,988,377) | 36,101,853 | |||||||
Treasury Bill — 3.4% | ||||||||
1,479,000 | U.S. Treasury Bill, 4.46%, 9/7/2023(a) | 1,434,579 | ||||||
Total Treasury Bill (Cost $1,439,996) | 1,434,579 | |||||||
Total Investments — 90.2% (Cost $41,428,373) | 37,536,432 | |||||||
Other Assets in Excess of Liabilities — 9.8% | 4,070,626 | |||||||
Net Assets — 100.0% | 41,607,058 |
(a) | The rate represents the effective yield at December 31, 2022. |
AMT — Alternative Minimum Tax |
Futures Contracts
At December 31, 2022, the Fund's open future contracts were as follows:
Futures Contracts Purchased
Description | Number of Contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation (Depreciation) ($) | |||||||||||||
5 Year US Treasury Note Future | 76 | 3/31/23 | 8,321,522 | 8,202,656 | (118,866 | ) | ||||||||||||
(118,866 | ) |
Portfolio of Investments (continued) | December 31, 2022 (Unaudited) |
Rareview Dynamic Fixed Income ETF
Futures Contracts Sold
Description | Number of Contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation (Depreciation) ($) | |||||||||||||
iBoxx iShares Bond Index Future | 61 | 2/1/23 | 8,389,483 | 8,294,780 | 94,703 | |||||||||||||
94,703 |
Portfolio of Investments | December 31, 2022 (Unaudited) |
Rareview Tax Advantaged Income ETF
Portfolio of Investments Summary Table | Percentage of Total Investments (%) | |||
Closed End Funds | 100.0 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2022, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund's total net assets.
Portfolio of Investments | ||||||||
Shares | Fair Value ($) |
| ||||||
Closed End Funds — 97.1% | ||||||||
145,905 | BlackRock Municipal Income Trust II | 1,507,199 | ||||||
137,523 | BlackRock MuniHoldings Fund, Inc. | 1,669,529 | ||||||
256,664 | BlackRock MuniYield Fund, Inc. | 2,671,872 | ||||||
110,676 | BlackRock MuniYield Quality Fund, Inc. | 1,283,842 | ||||||
182,545 | BlackRock MuniYield Quality Fund III, Inc. | 2,046,329 | ||||||
186,784 | Invesco Municipal Trust | 1,849,162 | ||||||
175,520 | Invesco Quality Municipal Income Trust | 1,653,398 | ||||||
230,654 | Nuveen AMT-Free Municipal Credit Income Fund | 2,800,139 | ||||||
23,878 | Nuveen AMT-Free Quality Municipal Income Fund | 271,493 | ||||||
250,720 | Nuveen Municipal Credit Income Fund | 3,028,698 | ||||||
148,369 | Nuveen Quality Municipal Income Fund | 1,750,754 | ||||||
20,532,415 | ||||||||
Total Closed End Funds (Cost $21,884,579) | 20,532,415 | |||||||
Total Investments — 97.1% (Cost $21,884,579) | 20,532,415 | |||||||
Other Assets in Excess of Liabilities — 2.9% | 620,238 | |||||||
Net Assets — 100.0% | 21,152,653 |
AMT — Alternative Minimum Tax |
Portfolio of Investments | December 31, 2022 (Unaudited) |
Rareview Inflation/Deflation ETF
Portfolio of Investments Summary Table | Percentage of Total Investments (%) | |||
Exchange-Traded Fund | 10.5 | |||
Options on Futures | 0.2 | |||
Treasury Notes | 89.3 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2022, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund's total net assets.
Portfolio of Investments | ||||||
Shares | Fair Value ($) |
| ||||
Exchange-Traded Fund — 9.4% | ||||||
17,223 | PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund | 1,503,912 | ||||
Total Exchange-Traded Fund (Cost $1,710,955) | 1,503,912 | |||||
Purchased Options on Futures ─ 0.1% | ||||||
Total Purchased Options on Futures (Cost $98,533) | 22,400 | |||||
Treasury Notes — 79.7% | ||||||
2,418,000 | United States Treasury Note, 4.50%, 11/30/2024 | 2,418,189 | ||||
5,135,000 | United States Treasury Note, 4.13%, 09/30/2027(a) | 5,154,256 | ||||
5,731,000 | United States Treasury Note, 2.75%, 08/15/2032(b) | 5,217,001 | ||||
12,789,446 | ||||||
Total Treasury Notes (Cost $12,628,949) | 12,789,446 | |||||
Total Investments — 89.2% (Cost $14,438,437) | 14,315,758 | |||||
Other Assets in Excess of Liabilities — 10.8% | 1,735,124 | |||||
Net Assets — 100.0% | 16,050,882 |
(a) As of December 31, 2022, investment is 32.11% of the Fund’s net assets.
(b) As of December 31, 2022, investment is 32.50% of the Fund’s net assets.
Futures Contracts
At December 31, 2022, the Fund's open future contracts were as follows:
Futures Contracts Purchased
Description | Number of Contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation (Depreciation) ($) | |||||||||||||
30 Day Federal Funds Future | 130 | 4/28/23 | 51,560,204 | 51,538,290 | (21,914 | ) | ||||||||||||
(21,914 | ) |
Written Options
Exchange-traded options on futures contacts written as of December 31, 2022 were as follows:
Description | Put/Call | Number of Contracts | Notional Amount (000) ($)(c) | Premiums Received ($) | Strike Price ($) | Expiration Date | Value ($) | |||||||||||||||||||
3 Month SOFR Options | Call | 1,792 | 428,109 | 58,267 | 95.56 | 1/13/23 | (22,400 | ) | ||||||||||||||||||
(Total Premiums Received $58,267) | (22,400 | ) |
Portfolio of Investments (continued) | December 31, 2022 (Unaudited) |
Rareview Inflation/Deflation ETF
Purchased Options
Exchanged-traded options on futures contacts purchased as of December 31, 2022 were as follows:
Description | Put/Call | Number of Contracts | Notional Amount (000) ($)(c) | Strike Price ($) | Expiration Date | Value ($) | |||||||||||||||||
3 Month SOFR Options | Call | 1,792 | 427,571 | 95.44 | 1/13/23 | 22,400 | |||||||||||||||||
(Total Cost $98,533) | 22,400 |
(c) | Notional amount is expressed as the number of contracts multiplied by contract size multiplied by the strike price of the underlying asset. |
Portfolio of Investments | December 31, 2022 (Unaudited) |
Rareview Systematic Equity ETF
Portfolio of Investments Summary Table | Percentage of Total Investments (%) | |||
Exchange-Traded Funds | 91.9 | |||
Treasury Bill | 8.1 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2022, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund's total net assets.
Portfolio of Investments | ||||||
Shares | Fair Value ($) |
| ||||
Exchange-Traded Funds — 70.8% | ||||||
168,409 | Vanguard FTSE Developed Markets ETF | 7,068,126 | ||||
107,743 | Vanguard FTSE Emerging Markets ETF | 4,199,822 | ||||
33,782 | Vanguard S&P 500 ETF(a) | 11,868,968 | ||||
27,872 | Vanguard Small-Cap ETF | 5,115,627 | ||||
28,252,543 | ||||||
Total Exchange-Traded Funds (Cost $27,793,572) | 28,252,543 | |||||
Treasury Bill — 6.3% | ||||||
2,504,000 | United States Treasury Bill, 3.05%, 1/19/2023(b) | 2,499,971 | ||||
Total Treasury Bill (Cost $2,499,169) | 2,499,971 | |||||
Total Investments — 77.1% (Cost $30,292,741) | 30,752,514 | |||||
Other Assets in Excess of Liabilities — 22.9% | 9,149,779 | |||||
Net Assets — 100.0% | 39,902,293 | |||||
(a) | As of December 31, 2022, investment is 29.75% of the Fund’s net assets. |
(b) | The rate represents the effective yield at December 31, 2022. |
ETF — Exchange-Traded Fund |
FTSE ─ Financial Times Stock Exchange |
S&P — Standard and Poor's |
Futures Contracts
At December 31, 2022, the Fund's open future contracts were as follows:
Futures Contracts Purchased
Description | Number of Contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation (Depreciation) ($) | |||||||||||||
MSCI EAFE Index Future | 65 | 3/17/23 | 6,546,355 | 6,335,550 | (210,805 | ) | ||||||||||||
MSCI Emerging Markets Index Future | 79 | 3/17/23 | 3,841,948 | 3,789,630 | (52,318 | ) | ||||||||||||
(263,123 | ) |
Futures Contracts Sold
Description | Number of Contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation (Depreciation) ($) | |||||||||||||
E-mini S&P 500 Future | 90 | 3/17/23 | 17,454,950 | 17,374,500 | 80,450 | |||||||||||||
E-mini Russell 2000 Index Future | 84 | 3/17/23 | 7,463,195 | 7,437,780 | 25,415 | |||||||||||||
105,865 |
Portfolio of Investments | December 31, 2022 (Unaudited) |
The SPAC and New Issue ETF
Portfolio of Investments Summary Table | Percentage of Total Investments (%) | |||
Financials | 89.6 | |||
Health Care | 0.5 | |||
Private Investments | 9.2 | |||
Rights | 0.1 | |||
Warrants | 0.6 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2022, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund's total net assets.
Portfolio of Investments | ||||||||
Shares/Units | Fair Value ($) | |||||||
Common Stocks — 85.9% | ||||||||
Financials — 85.4% | ||||||||
23,400 | A SPAC II Acquisition Corp.(a) | 239,382 | ||||||
72,251 | Acropolis Infrastructure Acquisition Corp., Class A(a) | 716,007 | ||||||
48,206 | Adara Acquisition Corp.(a) | 490,737 | ||||||
41,464 | Ares Acquisition Corp.(a) | 417,542 | ||||||
18,219 | Arrowroot Acquisition Corp., Class A(a) | 183,101 | ||||||
18,685 | Athena Technology Acquisition Corp. II, Class A(a) | 187,784 | ||||||
43,650 | Aura FAT Projects Acquisition Corp.(a) | 450,031 | ||||||
40,000 | Aurora Technology Acquisition Corp., Class A(a) | 409,200 | ||||||
21,728 | Banyan Acquisition Corp., Class A(a) | 221,843 | ||||||
18,553 | Churchill Capital Corp. V(a) | 184,417 | ||||||
40,602 | Churchill Capital Corp. VII, Class A(a) | 404,802 | ||||||
51,230 | Coliseum Acquisition Corp., Class A(a) | 514,862 | ||||||
75,000 | Decarbonization Plus Acquisition Corp. IV, Class A(a) | 766,124 | ||||||
75,000 | Dragoneer Growth Opportunities Corp. III(a) | 738,750 | ||||||
15,714 | EF Hutton Acquisition Corp. I(a) | 157,297 | ||||||
75,000 | FAST Acquisition Corp. II, Class A(a) | 750,750 | ||||||
49,509 | Fortress Capital Acquisition Corp.(a) | 500,041 | ||||||
800 | Golden Arrow Merger Corp.(a) | 8,012 | ||||||
18,389 | Integrated Rail and Resources Acquisition Corp., Class A(a) | 187,200 | ||||||
27,793 | Kadem Sustainable Impact Corp.(a) | 278,764 | ||||||
34,174 | Kernel Group Holdings, Inc., Class A(a) | 345,157 | ||||||
9,748 | Keyarch Acquisition Corp.(a) | 98,552 | ||||||
49,929 | Logistics Innovation Technologies Corp., Class A(a) | 504,283 | ||||||
20,298 | Mason Industrial Technology, Inc., Class A(a) | 202,879 | ||||||
120,612 | Metals Acquisition Corp., Class A(a) | 1,206,722 | ||||||
39,420 | New Vista Acquisition Corp.(a) | 397,354 | ||||||
53,430 | Newbury Street Acquisition Corp.(a) | 534,300 | ||||||
22,202 | Newhold Investment Corp. II, Class A(a) | 223,574 | ||||||
14,339 | Peridot Acquisition Corp. II(a) | 144,681 | ||||||
50,000 | Pioneer Merger Corp., Class A(a) | 507,000 | ||||||
13,970 | Pono Capital Two, Inc.(a) | 143,751 | ||||||
42,108 | Property Solutions Acquisition Corp. II(a) | 424,870 | ||||||
30,745 | RMG Acquisition Corp. III(a) | 310,525 | ||||||
42,686 | Schultze Special Purpose Acquisition Corp. II, Class A(a) | 431,129 | ||||||
28,316 | ScION Tech Growth II(a) | 286,275 | ||||||
24,397 | Screaming Eagle Acquisition Corp., Class A(a) | 242,628 | ||||||
75,000 | Senior Connect Acquisition Corp. I, Class A(a) | 732,000 | ||||||
34,090 | SHUAA Partners Acquisition Corp. I, Class A(a) | 351,127 | ||||||
48,686 | Silver Spike Acquisition Corp. II(a) | 491,242 | ||||||
57,800 | Spree Acquisition Corp. 1, Ltd.(a) | 590,716 | ||||||
11,070 | Springwater Special Situations Corp.(a) | 112,139 | ||||||
60,900 | Thunder Bridge Capital Partners IV, Inc., Class A(a) | 611,436 | ||||||
74,893 | TortoiseEcofin Acquisition Corp. III(a) | 745,185 | ||||||
72,164 | TPG Pace Beneficial II Corp.(a) | 709,011 | ||||||
56,022 | Twelve Seas Investment Co. II(a) | 564,702 |
Portfolio of Investments (continued) | December 31, 2022 (Unaudited) |
The SPAC and New Issue ETF
Shares/Units | Fair Value ($) | |||||||
Financials — 85.4% (continued) | ||||||||
14,472 | Valuence Merger Corp. I, Class A(a) | 151,232 | ||||||
59,397 | Worldwide Webb Acquisition Corp., Class A(a) | 603,474 | ||||||
19,472,590 | ||||||||
Health Care — 0.5% | ||||||||
167,317 | Talkspace, Inc.(a) | 102,114 | ||||||
Total Common Stocks (Cost $21,225,335) | 19,574,704 | |||||||
Private Investments – 8.7% | ||||||||
255,379 | Adara Acquisition Corp. – Founder Shares(a)(b)(c) | 1,819,830 | ||||||
250,000 | Global Consumer Acquisition Corp. – Founder Shares(a)(b)(c) | ─ | ||||||
N/A | Silver Spike Sponsor II, LLC(a)(b)(c)(d) | 51,081 | ||||||
59,668 | Springwater Special Situations Corp. – Founder Shares(a)(b)(c) | 90,845 | ||||||
19,889 | Springwater Special Situations Corp. – Private Placement Units(a)(b)(c)(e) | 30,280 | ||||||
1,992,036 | ||||||||
Total Private Investments (Cost $1,348,894) | 1,992,036 | |||||||
Rights — 0.1% | ||||||||
40,000 | Aurora Technology Acquisition Corp., 01/01/2024(a) | 4,001 | ||||||
69,024 | Deep Medicine Acquisition Corp., 01/12/2029(a) | 3,451 | ||||||
16,893 | EF Hutton Acquisition Corp. I, 12/31/2025(a) | 1,851 | ||||||
41,755 | International Media Acquisition Corp.(a) | 2,923 | ||||||
10,236 | Keyarch Acquisition Corp.(a) | 742 | ||||||
12,968 | ||||||||
Total Rights (Cost $672) | 12,968 | |||||||
Warrants — 0.6% | ||||||||
16,010 | A SPAC II Acquisition Corp., 05/03/2027(a) | 520 | ||||||
26,848 | Acropolis Infrastructure Acquisition Corp., 03/31/2026(a) | 3,222 | ||||||
425,000 | Adara Sponsor LLC(a)(b)(c)(f) | 21,165 | ||||||
12,229 | Allego NV, 03/14/2025(a) | 1,223 | ||||||
11,882 | Alpha Tau Medical, Ltd., 03/07/2027(a) | 2,972 | ||||||
5,428 | Alvotech SA, 06/15/2027(a) | 5,754 | ||||||
7,649 | Ares Acquistion Corp., Class A, 12/31/2027(a) | 3,567 | ||||||
15,030 | Athena Technology Acquisition Corp. II, 06/10/2023(a) | 598 | ||||||
50,000 | Aura FAT Projects Acquisition Corp., 06/02/2027(a) | 1,625 | ||||||
40,000 | Aurora Technology Acquisition Corp., 02/07/2028(a) | 848 | ||||||
16,095 | Banyan Acquisition Corp., 09/30/2028(a) | 402 | ||||||
8,301 | BigBear.ai Holdings, Inc., 12/31/2028(a) | 255 | ||||||
5,870 | Churchill Capital Corp. V, 10/29/2027(a) | 474 | ||||||
14,076 | Class Acceleration Corp., Class A, 03/31/2028(a) | — | ||||||
37,500 | Decarbonization Plus Acquisition Corp. IV, 12/31/2028(a) | 23,812 | ||||||
16,893 | EF Hutton Acquisition Corp. I, 12/08/2027(a) | 270 | ||||||
47,224 | Fathom Digital Manufacturing C, 12/31/2027(a) | 3,919 | ||||||
8,675 | Fortress Capital Acquisition Corp., 12/31/2027(a) | 33 | ||||||
7,424 | G Squared Ascend I, Inc., Class A, 12/31/2027(a) | 7 | ||||||
42,500 | Gesher I Acquisition Corp., 04/16/2028(a) | 21,251 | ||||||
6,898 | Golden Arrow Merger Corp., 07/31/2026(a) | 46 | ||||||
36,126 | Good Works II Acquisition Corp., 02/01/2028(a) | 2,619 | ||||||
13,184 | Hyzon Motors, Inc., Class C, 10/02/2025(a) | 1,726 | ||||||
16,897 | Integrated Rail And Resources Acquisition Corp., 05/21/2023(a) | 2,366 | ||||||
35,618 | Kadem Sustainable Impact Corp., 03/16/2026(a) | 367 | ||||||
15,764 | Kernel Group Holdings, Inc., Class A, 01/31/2027(a) | 87 | ||||||
6,000 | Keyarch Acquisition Corp., 07/25/2028(a) | 165 | ||||||
33,750 | LIV Capital Acquisition Corp. II, 02/16/2027(a) | 1,856 | ||||||
40,204 | Metals Acquisition Corp., 07/12/2023(a) | 19,720 | ||||||
8,781 | Moringa Acquisition Corp., 02/10/2026(a) | 843 | ||||||
10,402 | New Vista Acquisition Corp., 12/31/2027(a) | 600 | ||||||
19,770 | Newbury Street Acquisition Corp., 12/31/2027(a) | 1,384 |
Portfolio of Investments (continued) | December 31, 2022 (Unaudited) |
The SPAC and New Issue ETF
Shares/Units | Fair Value ($) | |||||||
Warrants — 0.6% (continued) | ||||||||
16,151 | Newhold Investment Corp. II, 10/21/2023(a) | 2,411 | ||||||
13,185 | NorthView Acquisition Corp., 10/21/2023(a) | 468 | ||||||
12,478 | Nubia Brand International Corp., 11/16/2026(a) | 137 | ||||||
11,538 | P3 Health Partners, Inc., 01/31/2027(a) | 1,615 | ||||||
2,732 | Peridot Acquisition Corp. II, Class A, 04/30/2028(a) | 128 | ||||||
11,137 | Property Solutions Acquisition Corp., 03/01/2026(a) | 4 | ||||||
21,244 | SatixFy Communications, Ltd., 10/26/2027(a) | 5,948 | ||||||
26,276 | Schultze Special Purpose Acquisition Corp. II, 03/25/2028(a) | 292 | ||||||
14,630 | ScION Tech Growth II, 01/28/2026(a) | 53 | ||||||
9,220 | Screaming Eagle Acquisition Corp., 12/15/2027(a) | 2,173 | ||||||
4,170 | Selina Hospitality PLC, 02/26/2023(a) | 313 | ||||||
17,888 | Shelter Acquisition Corp. I, 12/31/2027(a) | 4 | ||||||
25,249 | SHUAA Partners Acquisition Corp. I, 03/02/2027(a) | 1,010 | ||||||
17,396 | Silver Spike Acquisition Corp. II, 02/26/2026(a) | 518 | ||||||
683 | Solid Power, Inc., 02/12/2023(a) | 287 | ||||||
9,978 | Sonder Holdings, Inc., 01/31/2028(a) | 773 | ||||||
28,900 | Spree Acquisition Corp. 1, Ltd., 12/22/2028(a) | 1,026 | ||||||
70,160 | Springwater Special Situations Corp., 04/12/2026(a) | 1,403 | ||||||
6,457 | SVF Investment Corp., 12/31/2027(a) | 162 | ||||||
13,333 | Target Global Acquisition I Corp., 12/31/2027(a) | 1,737 | ||||||
13,635 | Twelve Seas Investment Co. II, 03/02/2028(a) | 205 | ||||||
8,978 | Valuence Merger Corp. I, 03/01/2027(a) | 494 | ||||||
29,698 | Worldwide Webb Acquisition Corp., 03/27/2023(a) | 339 | ||||||
145,196 | ||||||||
Total Warrants (Cost $133,099) | 145,196 | |||||||
Total Investments — 95.3% (Cost $22,708,000) | 21,724,904 | |||||||
Other Assets in Excess of Liabilities — 4.7% | 1,074,086 | |||||||
Net Assets — 100.0% | 22,798,990 |
(a) | Non-income producing security. |
(b) | Security was valued using unobservable inputs in good faith pursuant to procedures approved by the Board of Trustees as of December 31, 2022. The total of all such securities represents 8.83% of the net assets of the Fund. |
(c) | Security which is restricted to resale. The Fund's Advisor has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. The aggregate value of these securities at December 31, 2022 was $2,013,201 which represented 8.83% of the total investments of the Fund. |
(d) | This position represents a private placement investment in a SPAC sponsor. The return on this investment is subject to a waterfall upon the consummation of a deal and may be paid in cash and/or SPAC shares and/or warrants. |
(e) | Each unit represents one share and ½ warrant. |
(f) | Warrant expires five years after initial business combination. |
The illiquid restricted securities held as of December 31, 2022 are identified below.
Security | Acquisition Date(g) | Acquisition Cost ($) | Shares or Units | Fair Value ($) | Percentage of Net Assets (%) | |||||||||||||
Adara Acquisition Corp. – Founder Shares | 01/14/2021 | 425,000 | 255,379 | 1,819,830 | 8.0 | |||||||||||||
Global Consumer Acquisition Corp. – Founder Shares | 06/01/2021 | 500,000 | 250,000 | ─ | 0.0 | |||||||||||||
Silver Spike Sponsor II, LLC | 02/12/2021 | 225,000 | N/A | 51,081 | 0.2 | |||||||||||||
Springwater Special Situations Corp. – Founder Shares | 08/12/2021 | 153,894 | 59,668 | 90,845 | 0.4 | |||||||||||||
Springwater Special Situations Corp. – Private Placement Units | 08/12/2021 | 45,000 | 19,889 | 30,280 | 0.1 | |||||||||||||
Adara Acquisition Corp.(g) | 01/14/2021 | ─ | 425,000 | 21,165 | 0.1 |
(g) | Acquisition date represents the initial purchase date of the security. |
Portfolio of Investments | December 31, 2022 (Unaudited) |
Mohr Growth ETF
Portfolio of Investments Summary Table | Percentage of Total Investments (%) | |||
Exchange-Traded Fund | 100.0 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2022, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.
Portfolio of Investments | ||||||
Shares | Fair Value ($) | |||||
Exchange-Traded Fund — 51.1% | ||||||
751,888 | SPDR Bloomberg 1-3 Month T-Bill ETF(a) | 68,775,195 | ||||
Total Exchange-Traded Fund (Cost $68,837,261) | 68,775,195 | |||||
Total Investments — 51.1% (Cost $68,837,261) | 68,775,195 | |||||
Other Assets in Excess of Liabilities — 48.9% | 65,819,725 | |||||
Net Assets — 100.0% | 134,594,920 |
(a) As of December 31, 2022, investment is 51.10% of the Fund’s net assets.
ETF — Exchange-Traded Fund |
SPDR — Standard & Poor’s Depositary Receipts |
Portfolio of Investments | December 31, 2022 (Unaudited) |
Mindful Conservative ETF
Portfolio of Investments Summary Table | Percentage of Total Investments (%) | |||
Exchange-Traded Funds | 100.0 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2022, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.
Portfolio of Investments | ||||||
Shares | Fair Value ($) | |||||
Exchange-Traded Funds — 99.1% | ||||||
334,575 | Goldman Sachs Access Treasury 0-1 Year ETF(a) | 33,360,473 | ||||
364,765 | SPDR Bloomberg 1-3 Month T-Bill ETF(b) | 33,365,055 | ||||
663,411 | WisdomTree Floating Rate Treasury Fund(c) | 33,349,671 | ||||
100,075,199 | ||||||
Total Exchange-Traded Funds (Cost $100,194,373) | 100,075,199 | |||||
Total Investments — 99.1% (Cost $100,194,373) | 100,075,199 | |||||
Other Assets in Excess of Liabilities — 0.9% | 884,833 | |||||
Net Assets — 100.0% | 100,960,032 |
(a) As of December 31, 2022, investment is 33.04% of the Fund’s net assets.
(b) As of December 31, 2022, investment is 33.05% of the Fund’s net assets.
(c) As of December 31, 2022, investment is 33.03% of the Fund’s net assets.
ETF — Exchange-Traded Fund |
SPDR — Standard & Poor’s Depositary Receipts |
Portfolio of Investments | December 31, 2022 (Unaudited) |
Adaptive Core ETF
Portfolio of Investments Summary Table | Percentage of Total Investments (%) | |||
Exchange-Traded Fund | 100.0 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2022, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.
Portfolio of Investments | ||||||
Shares | Fair Value ($) | |||||
Exchange-Traded Fund — 50.8% | ||||||
434,440 | SPDR Bloomberg 1-3 Month T-Bill ETF(a) | 39,738,227 | ||||
Total Exchange-Traded Fund (Cost $39,771,899) | 39,738,227 | |||||
Total Investments — 50.8% (Cost $39,771,899) | 39,738,227 | |||||
Other Assets in Excess of Liabilities — 49.2% | 38,455,319 | |||||
Net Assets — 100.0% | 78,193,546 |
(a) As of December 31, 2022, investment is 50.82% of the Fund’s net assets.
ETF — Exchange-Traded Fund |
SPDR — Standard & Poor’s Depositary Receipts |
Portfolio of Investments | December 31, 2022 (Unaudited) |
Revere Sector Opportunity ETF
Portfolio of Investments Summary Table | Percentage of Total Investments (%) | |||
Exchange-Traded Funds | 100.0 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2022, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.
Portfolio of Investments | ||||||||
Shares | Fair Value ($) | |||||||
Exchange-Traded Funds — 99.5% | ||||||||
7,215 | Communication Services Select Sector SPDR Fund ETF | 346,248 | ||||||
4,896 | Consumer Discretionary Select Sector SPDR Fund ETF | 632,367 | ||||||
6,174 | Consumer Staples Select Sector SPDR Fund ETF | 460,272 | ||||||
3,819 | Energy Select Sector SPDR Fund ETF | 334,048 | ||||||
18,793 | Financial Select Sector SPDR Fund ETF | 642,721 | ||||||
7,528 | Health Care Select Sector SPDR Fund ETF | 1,022,679 | ||||||
7,078 | Industrial Select Sector SPDR Fund ETF | 695,130 | ||||||
2,215 | Materials Select Sector SPDR Fund ETF | 172,061 | ||||||
4,500 | Real Estate Select Sector SPDR Fund ETF | 166,185 | ||||||
13,144 | Technology Select Sector SPDR Fund ETF(a) | 1,635,639 | ||||||
4,069 | Utilities Select Sector SPDR Fund ETF | 286,865 | ||||||
6,394,215 | ||||||||
Total Exchange-Traded Funds (Cost $7,349,390) | 6,394,215 | |||||||
Total Investments — 99.5% (Cost $7,349,390) | 6,394,215 | |||||||
Other Assets in Excess of Liabilities — 0.5% | 30,310 | |||||||
Net Assets — 100.0% | 6,424,525 |
(a) As of December 31, 2022, investment is 25.46% of the Fund’s net assets.
ETF — Exchange-Traded Fund |
SPDR — Standard & Poor’s Depositary Receipts |
Portfolio of Investments | December 31, 2022 (Unaudited) |
Goose Hollow Tactical Allocation ETF
Portfolio of Investments Summary Table | Percentage of Total Investments (%) | |||
Exchange-Traded Funds | 97.7 | |||
Preferred Stock | 2.3 | |||
Total | 100.0 |
Portfolio holdings and allocations are subject to change. As of December 31, 2022, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth in the following Portfolio of Investments which are computed using the Fund’s total net assets.
Portfolio of Investments | ||||||||
Shares | Fair Value ($) | |||||||
Exchange-Traded Funds — 80.2% | ||||||||
53,740 | Aberdeen Bloomberg All Commodity Strategy K-1 Free ETF | 1,185,504 | ||||||
3,462 | Aberdeen Physical Palladium Shares ETF(a) | 571,611 | ||||||
8,410 | Aberdeen Physical Platinum Shares ETF(a) | 834,945 | ||||||
40,341 | iShares MSCI Germany ETF | 997,633 | ||||||
18,166 | iShares MSCI Japan Small Capital ETF | 1,179,562 | ||||||
40,533 | iShares MSCI South Africa ETF | 1,719,005 | ||||||
16,000 | iShares Preferred & Income Securities ETF | 488,480 | ||||||
21,046 | Schwab US TIPS ETF | 1,089,972 | ||||||
58,328 | VanEck Mortgage REIT Income ETF | 680,688 | ||||||
6,767 | Vanguard Information Technology ETF | 2,161,447 | ||||||
15,328 | Vanguard Intermediate-Term Corporate Bond ETF | 1,188,073 | ||||||
17,167 | Vanguard Long Term Treasury ETF | 1,057,831 | ||||||
10,863 | Vanguard S&P 500 ETF | 3,816,606 | ||||||
50,000 | Vanguard Short-Term Treasury ETF | 2,891,000 | ||||||
19,862,357 | ||||||||
Total Exchange-Traded Funds (Cost $19,964,893) | 19,862,357 | |||||||
Preferred Stock — 1.9% | ||||||||
200,000 | Federal National Mortgage Association, 8.25% | 468,000 | ||||||
Total Preferred Stock (Cost $577,238) | 468,000 | |||||||
Total Investments — 82.1% (Cost $20,542,131) | 20,330,357 | |||||||
Other Assets in Excess of Liabilities — 17.9% | 4,434,301 | |||||||
Net Assets — 100.0% | 24,764,658 |
(a) | Non-income producing security. |
ETF — Exchange-Traded Fund |
S&P — Standard and Poor’s |
TIPS — Treasury Inflation Protected Security |
Futures Contracts |
At December 31, 2022, the Fund’s open future contracts were as follows: |
Futures Contracts Purchased |
Description | Number of Contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation (Depreciation) ($) | |||||||||||||
Japanese Yen Future | 13 | 1/13/23 | 1,110,632 | 1,242,881 | 132,249 | |||||||||||||
132,249 |