Modern Capital Tactical Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)
December 31, 2023
| Shares | Fair Value | |||||||
| CLOSED-END FUNDS - 75.7% | ||||||||
| 48,497 | abrdn Income Credit Strategies Fund | $ | 329,780 | |||||
| 142,901 | abrdn Total Dynamic Dividend Fund | 1,151,782 | ||||||
| 73,462 | AllianceBernstein Global High Income Fund | 743,435 | ||||||
| 81,172 | Allspring Income Opportunities Fund | 529,241 | ||||||
| 30,493 | Barings Global Short Duration High Yield Fund | 409,826 | ||||||
| 77,339 | BlackRock Enhanced International Dividend Trust | 407,577 | ||||||
| 59,300 | BlackRock Science and Technology Term Trust | 990,903 | ||||||
| 150,103 | Blackstone Strategic Credit Fund | 1,699,166 | ||||||
| 196,425 | BNY Mellon High Yield Strategies Fund | 449,813 | ||||||
| 215,286 | BrandywineGLOBAL - Global Income Opportunities Fund, Inc. | 1,798,715 | ||||||
| 204,843 | Destra Multi-Alternative Fund | 1,276,172 | ||||||
| 70,670 | First Trust High Income Long/Short Fund | 854,400 | ||||||
| 123,914 | First Trust High Yield Opportunities 2027 Term Fund | 1,726,122 | ||||||
| 202,167 | First Trust/Aberdeen Global Opportunity Income Fund | 1,271,630 | ||||||
| 64,274 | Kayne Anderson MLP/Midstream Investment Company | 564,326 | ||||||
| 69,673 | KKR Income Opportunities Fund | 875,790 | ||||||
| 130,965 | Mexico Equity & Income Fund, Inc. | 1,466,808 | ||||||
| 212,735 | Morgan Stanley Emerging Markets Domestic Debt Fund Inc. | 991,345 | ||||||
| 93,045 | New America High Income Fund Inc. | 655,037 | ||||||
| 15,000 | Nuveen Core Plus Impact Fund | 151,200 | ||||||
| 129,592 | PGIM Global High Yield Fund, Inc. | 1,472,165 | ||||||
| 64,601 | PGIM Short Duration High Yield Opportunities Fund | 969,015 | ||||||
| 268,411 | Templeton Emerging Markets Income Fund Inc. | 1,368,896 | ||||||
| 449,978 | Templeton Global Income Fund | 1,705,417 | ||||||
| 10,000.0 | Tortoise Energy Infrastructure Corporation | 287,700 | ||||||
| 280,594 | Virtus Convertible & Income Fund | 945,602 | ||||||
| 363,445 | Virtus Convertible & Income Fund II | 1,083,066 | ||||||
| 152,339 | Virtus Global Multi-Sector Income Fund | 1,192,814 | ||||||
| 62,623 | Virtus Stone Harbor Emerging Markets Income Fund | 269,905 | ||||||
| 168,723 | Western Asset Emerging Markets Debt Fund, Inc. | 1,553,939 | ||||||
| 206,409 | Western Asset High Income Opportunity Fund, Inc. | 796,739 | ||||||
| TOTAL CLOSED-END FUNDS - (Cost $28,816,525) | 29,988,326 | |||||||
| COMMON STOCK - 9.5% | ||||||||
| Consumer Discretionary - 2.3% | ||||||||
| 47,604 | Cresud SACIF y A (b) | $ | 451,286 | |||||
| 48,528 | Despegar.com, Inc. (a) (b) | 459,075 | ||||||
| 910,361 | ||||||||
| Energy - 2.9% | ||||||||
| 35,935 | Petróleo Brasileiro, S.A. (b) | 573,882 | ||||||
| 18,989 | Transportadora de Gas del Sur (a) (b) | 286,544 | ||||||
| 9,840 | Vista Oil & Gas S.A. de C.V. (a) (b) | 290,378 | ||||||
| 1,150,804 | ||||||||
| Financials - 1.2% | ||||||||
| 33,900 | Arcos Dorados Holdings, Inc. (b) | 430,191 | ||||||
| 10,423 | Banco BBVA Argentina S.A. (b) | 56,701 | ||||||
| 486,892 | ||||||||
Modern Capital Tactical Income Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
December 31, 2023
| Shares | Fair Value | |||||||||||
| COMMON STOCK - 9.5% - Continued | ||||||||||||
| Industrials - 1.2% | ||||||||||||
| 8,000 | Uber Technologies, Inc. (a) | $ | 492,560 | |||||||||
| Materials - 0.2% | ||||||||||||
| 14,000 | Lithium Americas Argentina Corp. | 88,480 | ||||||||||
| 470 | Loma Negra Compania Industrial Argentina S.A. (b) | 3,332 | ||||||||||
| 91,812 | ||||||||||||
| Real Estate - 1.1% | ||||||||||||
| 47,901 | Inversiones y Representaciones S.A. (b) | 411,952 | ||||||||||
| Utilities - 0.6% | ||||||||||||
| 4,606 | Empresa Distribuidora Y Comercializadora Norte S.A. (a) (b) | 89,218 | ||||||||||
| 14,000 | Central Puerto S.A. (b) | 127,400 | ||||||||||
| 216,618 | ||||||||||||
| TOTAL COMMON STOCKS - (Cost $2,908,005) | 3,760,999 | |||||||||||
| Real Estate Investment Trust - 2.6% | ||||||||||||
| 77,539 | Seven Hills Realty Trust | 1,003,355 | ||||||||||
| TOTAL REAL ESTATE INVESTMENT TRUST - (Cost $778,462) | 1,003,355 | |||||||||||
Principal Amount ($) | Coupon Rate (%) | Fair Value | ||||||||||
| SHORT TERM INVESTMESTS - 1.5% | ||||||||||||
| Money Market Funds - 1.5% | ||||||||||||
| 600,812 | First American Government Obligations Fund, Class X (c) | 5.299 | $ | 600,812 | ||||||||
| TOTAL SHORT TERM INVESTMESTS - (Cost $600,812) | 600,812 | |||||||||||
| TOTAL INVESTMENTS - 89.3% - (Cost $33,103,804) | 35,353,492 | |||||||||||
| OTHER ASSETS IN EXCESS OF LIABILITIES - 10.7% | 4,219,115 | |||||||||||
| NET ASSETS - 100.0% | $ | 39,572,607 | ||||||||||
| (a) | Non-income Producing Security. |
| (b) | American Depository Receipt (ADR) |
| (c) | Rate disclosed is the seven day effective yield as of December 31, 2023. |