Concorde Funds NPORT-P Concorde Wealth Management Fund (Jun 2024 report)

Concorde Wealth Management Fund
Schedule of Investments
June 30, 2024 (Unaudited)
COMMON STOCKS - 57.0%	Shares		Value
Construction - 1.2%
Howard Hughes Holdings, Inc. (a)		7,500		$	486,150
Finance and Insurance - 4.0%
Chubb Ltd.		2,700			688,716
JPMorgan Chase & Co. (b)		4,300			869,718
					1,558,434
Information - 4.7%
Microsoft Corp.		2,600			1,162,070
Warner Bros Discovery, Inc. (a)		90,250			671,460
					1,833,530
Management of Companies and Enterprises - 1.7%
Bunge Global SA		6,050			645,959
Manufacturing - 18.3%
AbbVie, Inc.		5,700			977,664
Exxon Mobil Corp. (b)		18,336			2,110,840
Hershey Co.		2,790			512,886
Hubbell, Inc.		1,600			584,768
Johnson & Johnson		5,400			789,264
Louisiana-Pacific Corp.		7,600			625,708
Moderna, Inc. (a)		3,200			380,000
Northrop Grumman Corp.		1,200			523,140
Texas Instruments, Inc. (b)		3,200			622,496
					7,126,766
Mining, Quarrying, and Oil and Gas Extraction - 16.8%
Black Stone Minerals LP		68,668			1,076,028
Chesapeake Energy Corp.		4,200			345,198
Dorchester Minerals LP		23,500			724,975
Franco-Nevada Corp.		5,600			663,712
Martin Marietta Materials, Inc.		1,000			541,800
Texas Pacific Land Corp.		4,335			3,183,060
					6,534,773
Retail Trade - 5.7%
Amazon.com, Inc. (a)		5,000			966,250
Lowe's Cos., Inc. (b)		2,400			529,104
TJX Cos., Inc.		6,500			715,650
					2,211,004
Transportation and Warehousing - 1.5%
Canadian Pacific Kansas City Ltd.		7,500			590,475
Wholesale Trade - 3.1%
Energy Transfer LP		75,000			1,216,500
TOTAL COMMON STOCKS (Cost $11,432,981)					22,203,591
U.S. TREASURY SECURITIES - 8.8%	Par		Value
United States Treasury Notes
2.38%, 08/15/2024		1,500,000			1,494,316
2.25%, 11/15/2024		500,000			494,219
4.38%, 08/15/2026		500,000			496,699
3.25%, 06/30/2029		1,000,000			950,586
TOTAL U.S. TREASURY SECURITIES (Cost $3,461,919)					3,435,820
PRIVATE FUNDS - 7.3%	Shares		Value
CLI Capital (a)(c)		45,455			240,909
Hayman Hong Kong Opportunities Fund, LP (a)(c)		500,000			0
LLR Equity Partners V, LP (a)(c)		990,000			1,425,450
LRVHealth, LP (a)(c)		465,000			429,539
Moran Tice 20:20 Fund, LP (a)(c)		250,000			228,851
RCP Select Capital Fund, LP (a)(c)		500,000			500,000
SPAC Opportunity Partners, LLC (a)(c)		1,000,000			25,313
TOTAL PRIVATE FUNDS (Cost $3,647,830)					2,850,062
CLOSED END FUNDS - 7.2%	Shares		Value
PIMCO Flexible Credit Income Fund - Class I		58,813			408,165
Pioneer ILS Interval Fund		117,583			1,075,883
Sprott Physical Gold Trust (a)		74,500			1,345,470
TOTAL CLOSED END FUNDS (Cost $2,473,110)					2,829,518
EXCHANGE TRADED FUNDS - 5.2%	Shares		Value
JPMorgan Nasdaq Equity Premium Income ETF		7,200			399,600
JPMorgan Ultra-Short Income ETF		20,000			1,009,400
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund		6,000			603,900
TOTAL EXCHANGE TRADED FUNDS (Cost $2,002,465)					2,012,900
CORPORATE BONDS - 1.8%	Par		Value
Energy - 0.4%
BP Capital Markets PLC, 4.38% to 09/22/2025 then 5 yr. CMT Rate + 4.04%, Perpetual		150,000			147,050
Finance and Insurance - 0.8%
Discover Financial Services, 3.75%, 03/04/2025		150,000			148,021
JPMorgan Chase & Co., 6.10% to 10/01/2024 then 3 mo. Term SOFR + 3.59%, Perpetual		150,000			150,147
					298,168
Manufacturing - 0.2%
Motorola Solutions, Inc., 7.50%, 05/15/2025		100,000			101,220
Mining, Quarrying, and Oil and Gas Extraction - 0.4%
Freeport-McMoRan, Inc., 4.13%, 03/01/2028		150,000			143,708
TOTAL CORPORATE BONDS (Cost $698,481)					690,146
OPEN END FUNDS - 1.5%	Shares		Value
Absolute Convertible Arbitrage Fund - Class Institutional		23,863			265,594
Cohen & Steers Institutional Realty Shares, Inc.		6,895			315,642
TOTAL OPEN END FUNDS (Cost $542,852)					581,236
REAL ESTATE INVESTMENT TRUSTS - 1.5%	Shares		Value
First Industrial Realty Trust, Inc.		12,000			570,120
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $514,597)					570,120
SHORT-TERM INVESTMENTS - 9.6%
Money Market Funds - 5.8%	Shares
Invesco Government & Agency Portfolio - Class Institutional, 5.23% (d)		303,722			303,722
MSILF Government Portfolio - Class Institutional, 5.21% (d)		1,946,818			1,946,819
					2,250,541
U.S. Treasury Bills - 3.8%	Par
5.19%, 08/22/2024 (e)		1,500,000			1,488,679
TOTAL SHORT-TERM INVESTMENTS (Cost $3,739,577)					3,739,220
TOTAL INVESTMENTS - 99.9% (Cost $28,513,812)					38,912,613
Other Assets in Excess of Liabilities - 0.1%					43,742
TOTAL NET ASSETS - 100.0%				$	38,956,355
Percentages are stated as a percent of net assets.

CMT - Constant Maturity Treasury Rate

PLC - Public Limited Company

SA Sociedad Anonima

SOFR - Secured Overnight Financing Rate

(a)	Non-income producing security.
(b)	Held in connection with written option contracts. See Schedule of Options Written for further information.
(c)	Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $2,850,062 or 7.3% of net assets as of June 30, 2024.
(d)	The rate shown represents the 7-day effective yield as of June 30, 2024.
(e)	The rate shown is the effective yield as of June 30, 2024.

Concorde Wealth Management Fund
Schedule of Written Options
June 30, 2024 (Unaudited)
WRITTEN OPTIONS - 0.0% (a)(b)(c)	Notional Amount			Contracts			Value
Call Options - 0.0% (b)
Exxon Mobil Corp., Expiration: 07/05/2024; Exercise Price: $115.00	$	(920,960	)		(80	)	$	(9,040	)
JPMorgan Chase & Co., Expiration: 07/05/2024; Exercise Price: $200.00		(303,390	)		(15	)		(4,650	)
Lowe's Cos., Inc., Expiration: 07/05/2024; Exercise Price: $232.50		(176,368	)		(8	)		(132	)
Texas Instruments, Inc., Expiration: 07/05/2024; Exercise Price: $197.50		(311,248	)		(16	)		(1,712	)
Total Call Options								(15,534	)
Put Options - 0.0% (b)
Chubb Ltd., Expiration: 07/19/2024; Exercise Price: $255.00		(127,540	)		(5	)		(2,000	)
TOTAL WRITTEN OPTIONS (Premiums received $15,214)								(17,534	)
Percentages are stated as a percent of net assets.

(a)	Exchange-traded.
(b)	Represents less than 0.05% of net assets.
(c)	100 shares per contract.

Summary of Fair Value Disclosure as of June 30, 2024 (Unaudited)

Concorde Wealth Management Fund has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Funds own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The following is a summary of the fair valuation hierarchy of the Funds securities as of June 30, 2024:

	Level 1			Level 2			Level 3		Total
Assets:
Investments:
Common Stocks	$	22,203,591		$			$		$	22,203,591
U.S. Treasury Securities					3,435,820					3,435,820
Private Funds								2,850,062		2,850,062
Closed End Funds		2,829,518								2,829,518
Exchange Traded Funds		2,012,900								2,012,900
Corporate Bonds					690,146					690,146
Open End Funds		581,236								581,236
Real Estate Investment Trusts		570,120								570,120
Money Market Funds		2,250,541								2,250,541
U.S. Treasury Bills					1,488,679					1,488,679
Total Investments	$	30,447,906		$	5,614,645		$	2,850,062	$	38,912,613
Liabilities:
Investments:
Written Options		(17,402	)		(132	)				(17,534	)
Total Investments	$	(17,402	)	$	(132	)	$		$	(17,534	)
Refer to the Schedule of Investments for additional information.