Shares
Value
Exchange-Traded
Funds
–
33.1%
Fixed
Income
Funds
–
33.1%
iShares
Core
U.S.
Aggregate
Bond
ETF(a)(b)
...................................
591,018
$
57,884,303
PIMCO
15+
Year
U.S.
Tips
Index
Exchange-Traded
Fund(c)
.......................
72,141
4,008,154
Total
Exchange-Traded
Funds
(Cost
$61,703,226)
...................................
61,892,457
Principal
U.S.
Treasury
Bills
–
22.1%
U.S.
Treasury
Bill,
5.35%,
4/11/2024(b)(d)
......................................
$
22,100,000
22,067,869
U.S.
Treasury
Bill,
5.36%,
4/16/2024(b)(d)
......................................
4,000,000
3,991,226
U.S.
Treasury
Bill,
5.40%,
6/6/2024(d)
.........................................
1,000,000
990,444
U.S.
Treasury
Bill,
5.39%,
6/18/2024(d)
........................................
14,500,000
14,337,230
Total
U.S.
Treasury
Bills
(Cost
$41,384,607)
........................................
41,386,769
U.S.
Government
Obligations
–
2.8%
U.S.
Treasury
Inflation
Indexed
Note,
4/15/2024
(Cost
$5,129,997)
.......................................................
$
4,200,000
5,138,083
Number
of
Contracts
Notional
Amount
Purchased
Options
–
0.1%
Calls
–
Exchange-Traded
–
0.1%
U.S.
2
Year
Treasury
Note
Future,
April
Strike
Price
$106,
Expires
4/26/24
..
212
44,944,000
0
U.S.
2
Year
Treasury
Note
Future,
May
Strike
Price
$106,
Expires
5/24/24
..
8,825
1,870,900,000
137,900
137,900
Total
Purchased
Options
(Cost
$234,892)
............................................
137,900
Shares
Repurchase
Agreements
–
41.7%
Morgan
Stanley,
5.41%,
dated
03/28/2024,
due
04/02/2024,
proceeds
$78,000,000,
collateralized
by
U.S.
Treasury
Bill,
4.81%
due
03/20/2025 valued
at
$78,046,887
including
accrued
interest
(Cost
$78,000,000)
......................................................
78,000,000
78,000,000
Total
Investments
–
99.8%
(Cost
$186,452,722)
...........................................................
$
186,555,209
Other
Assets
in
Excess
of
Liabilities
–
0.2%
...........................................
343,242
Net
Assets
–
100.0%
............................................................
$
186,898,451
Number
of
Contracts
Notional
Amount
Written
Options
–
(0.7)%
Calls
–
Exchange-Traded
–
(0.4)%
iShares
iBoxx
$
Investment
Grade
Corporate
Bond
ETF,
September
Strike
Price
$116,
Expires
9/20/24
.....................................
(5,664)
$
(65,702,400)
$
(260,544)
U.S.
Treasury
Bond
Future,
May
Strike
Price
$127,
Expires
5/24/24
.......
(1,500)
(190,500,000)
(398,438)
(658,982)
Puts
–
Exchange-Traded
–
(0.3)%
PIMCO
15+
Year
U.S.
Tips
Index
Exchange-Traded
Fund,
June
Strike
Price
$50,
Expires
6/21/24
...........................................
(1,500)
$
(7,500,000)
$
(15,000)
