Modern Capital Tactical Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2024
Shares | Fair Value | |||||||
CLOSED-END FUNDS - 79.2% | ||||||||
40,000 | Aberdeen Asia Pacific Income Fund | $ | 107,200 | |||||
114,357 | Aberdeen Global Dynamic Dividend Fund | 1,116,124 | ||||||
61,405 | Allspring Global Dividend Opportunity Fund | 298,428 | ||||||
323,144 | Allspring Income Opportunities Fund | 2,139,213 | ||||||
23,549 | Bancroft Fund LTD. | 369,013 | ||||||
52,500 | Barings Global Short Duration High Yield Fund | 758,625 | ||||||
35,932 | Blackrock Enhanced Equity Dividend Trust | 293,564 | ||||||
73,000 | BlackRock Enhanced International Dividend Trust | 407,340 | ||||||
8,167 | BlackRock MuniYield Michigan Quality Fund, Inc. | 93,430 | ||||||
172,028 | Blackstone Strategic Credit Fund | 2,045,413 | ||||||
4,040 | BNY Mellon High Yield Strategies Fund | 9,736 | ||||||
168,060 | Brandywine GLOBAL - Global Income Opportunities Fund, Inc. | 1,388,176 | ||||||
67,268 | Brookfield Real Assets Income Fund, Inc. | 858,340 | ||||||
14,537 | Clough Global Equity Fund | 101,396 | ||||||
155,836 | Clough Global Opportunities Fund | 838,398 | ||||||
124,110 | Credit Suisse High Yield Bond Fund | 250,702 | ||||||
253,084 | Destra Multi-Alternative Fund | 2,042,388 | ||||||
122,687 | Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | 1,014,621 | ||||||
23,452 | Eaton Vance Tax-Managed Global Diversified Equity Income Fund | 198,169 | ||||||
83,086 | First Trust High Yield Opportunities 2027 Term Fund | 1,189,792 | ||||||
103,115 | Herzfeld Caribbean Basin Fund, Inc. | 242,320 | ||||||
221,392 | Highland Income Fund | 1,383,700 | ||||||
179,242 | Invesco Advantage Municipal Income Trust II | 1,589,877 | ||||||
33,080 | Invesco Municipal Trust | 329,477 | ||||||
122,198 | Invesco Quality Municipal Income Trust | 1,212,204 | ||||||
17,032 | Invesco Trust for Investment Grade Municipals | 174,919 | ||||||
70,800 | Invesco Value Municipal Income Trust | 873,672 | ||||||
149,390 | Mexico Equity & Income Fund, Inc. | 1,434,144 | ||||||
323,028 | Morgan Stanley Emerging Markets Domestic Debt Fund Inc | 1,473,008 | ||||||
11,952 | Neuberger Berman MLP and Energy Income Fund Inc. | 95,616 | ||||||
20,500 | Neuberger Berman Next Generation Connectivity Fund Inc | 264,655 | ||||||
22,400 | Nuveen AMT-Free Municipal Credit Income Fund | 279,104 | ||||||
155,400 | Nuveen AMT-Free Quality Municipal Income Fund | 1,780,884 | ||||||
147,076 | Nuveen Core Plus Impact Fund | 1,600,187 | ||||||
48,284 | Nuveen Multi-Asset Income Fund | 596,307 | ||||||
20,354 | Nuveen Municipal Credit Income Fund | 251,372 | ||||||
76,446 | Nuveen Quality Municipal Income Fund | 897,476 | ||||||
132,025 | PGIM Global High Yield Fund, Inc. | 1,568,457 | ||||||
178,891 | PGIM Short Duration High Yield Opportunities Fund | 2,742,399 | ||||||
92,232 | Pioneer High Income Trust | 693,585 | ||||||
218,431 | Saba Capital Income & Opportunities Fund II | 1,703,758 | ||||||
188,544 | Templeton Emerging Markets Income Fund Inc. | 1,004,940 | ||||||
21,985 | The Mexico Fund, Inc. | 351,760 | ||||||
47,993 | Tortoise Energy Infrastructure Corporation | 1,673,516 | ||||||
226,680 | Virtus Convertible & Income Fund (a) | 741,244 | ||||||
483,934 | Virtus Convertible & Income Fund II (a) | 1,413,087 | ||||||
72,630 | Virtus Dividend, Interest & Premium Strategy Fund | 891,896 | ||||||
306,863 | Virtus Global Multi-Sector Income Fund | 2,322,953 |
Modern Capital Tactical Income Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2024
Shares | Fair Value | |||||||
CLOSED-END FUNDS - 79.2% - Continued | ||||||||
60,340 | Voya Infrastructure Industrials and Materials Fund | $ | 617,278 | |||||
213,878 | Western Asset Emerging Markets Debt Fund, Inc. | 1,991,204 | ||||||
178,764 | Western Asset High Income Opportunity Fund, Inc. | 681,091 | ||||||
TOTAL CLOSED-END FUNDS - (Cost $47,170,968) | 48,396,158 | |||||||
COMMON STOCK - 7.9% | ||||||||
Financials - 0.5% | ||||||||
75,000 | Banco Bradesco S.A. (b) | 168,000 | ||||||
20,000 | Itau Unibanco Holding S.A. (b) | 116,800 | ||||||
284,800 | ||||||||
Consumer Discretionary - 3.7% | ||||||||
73,100 | Arcos Dorados Holdings, Inc. | 657,900 | ||||||
97,963 | Cresud S.A. Comercial Industrial Financiera Y Agropecuaria (b) | 805,256 | ||||||
60,227 | Despegar.com, Inc. (a) (b) | 796,803 | ||||||
2,259,959 | ||||||||
Energy - 1.4% | ||||||||
25,440 | Cia Energetica De Minas Gerais - Cernig (b) | 44,774 | ||||||
18,989 | Transportadora de Gas del Sur (a) (b) | 360,411 | ||||||
20,000 | Transocean, LTD. (a) | 107,000 | ||||||
8,040 | Vista Oil & Gas S.A. de C.V. (a) (b) | 365,659 | ||||||
877,844 | ||||||||
Materials - 0.2% | ||||||||
15,000 | Loma Negra Compania Industrial Argentina S.A. (b) | 101,400 | ||||||
Real Estate - 1.3% | ||||||||
88,930 | Irsa Inversiones Y Representaciones S.A. (b) | 796,812 | ||||||
Telecommunications - 0.3% | ||||||||
25,000 | Telecom Argentina S.A. (a) (b) | 180,750 | ||||||
Utilities - 0.5% | ||||||||
17,167 | Central Puerto S.A. (b) | 155,705 | ||||||
7,206 | Empresa Distribuidora Y Comercializadora Norte S.A. (a) (b) | 118,106 | ||||||
273,811 | ||||||||
TOTAL COMMON STOCKS - (Cost $4,416,120) | 4,775,376 | |||||||
EXCHANGE-TRADED FUNDS - 1.8% | ||||||||
35,000 | iShares Preferred and Income Securities ETF | 1,104,250 | ||||||
TOTAL EXCHANGE-TRADED FUNDS - (Cost $1,106,925) | 1,104,250 |
Modern Capital Tactical Income Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2024
REAL ESTATE INVESTMENT TRUST - 5.1% | ||||||||||||
30,000 | Invesco Mortgage Capital Inc. | $ | 281,100 | |||||||||
25,000 | New York Mortgage Trust, Inc. | 146,000 | ||||||||||
344,314 | NexPoint Diversified Real Estate Trust | 1,904,059 | ||||||||||
64,328 | Seven Hills Realty Trust | 815,679 | ||||||||||
TOTAL REAL ESTATE INVESTMENT TRUST - (Cost $3,163,927) | 3,146,838 | |||||||||||
Principal Amount ($) | Coupon Rate (%) | Fair Value | ||||||||||
SHORT TERM INVESTMESTS - 6.5% | ||||||||||||
Money Market Funds - 6.5% | ||||||||||||
3,940,689 | First American Government Obligations Fund, Class X (c) | 5.236 | $ | 3,940,689 | ||||||||
TOTAL SHORT TERM INVESTMESTS - (Cost $3,940,689) | 3,940,689 | |||||||||||
TOTAL INVESTMENTS - 100.5% - (Cost $59,798,629) | 61,363,311 | |||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.5%) | (304,898 | ) | ||||||||||
NET ASSETS - 100.0% | $ | 61,058,413 |
(a) | Non-income Producing Security. |
(b) | American Depository Receipt (ADR) |
(c) | Rate disclosed is the seven day effective yield as of June 30, 2024. |