Dow 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2023

	Shares		Value
COMMON STOCKS† - 87.5%
Consumer, Non-cyclical - 20.0%
UnitedHealth Group, Inc.		4,907	$	2,358,501
Amgen, Inc.		4,907		1,089,452
Johnson & Johnson		4,907		812,206
Procter & Gamble Co.		4,907		744,588
Merck & Company, Inc.		4,907		566,219
Coca-Cola Co.		4,907		295,500
Total Consumer, Non-cyclical				5,866,466
Financial - 17.7%
Goldman Sachs Group, Inc.		4,907		1,582,704
Visa, Inc. — Class A		4,907		1,165,314
American Express Co.		4,907		854,800
Travelers Companies, Inc.		4,907		852,149
JPMorgan Chase & Co.		4,907		713,674
Total Financial				5,168,641
Technology - 15.3%
Microsoft Corp.		4,907		1,671,030
Salesforce, Inc.*		4,907		1,036,653
Apple, Inc.		4,907		951,811
International Business Machines Corp.		4,907		656,605
Intel Corp.		4,907		164,090
Total Technology				4,480,189
Consumer, Cyclical - 15.2%
Home Depot, Inc.		4,907		1,524,311
McDonald's Corp.		4,907		1,464,298
Walmart, Inc.		4,907		771,282
NIKE, Inc. — Class B		4,907		541,586
Walgreens Boots Alliance, Inc.		4,907		139,800
Total Consumer, Cyclical				4,441,277
Industrial - 12.8%
Caterpillar, Inc.		4,907		1,207,367
Boeing Co.*		4,907		1,036,162
Honeywell International, Inc.		4,907		1,018,203
3M Co.		4,907		491,142
Total Industrial				3,752,874
Communications - 3.0%
Walt Disney Co.*		4,907		438,097
Cisco Systems, Inc.		4,907		253,888
Verizon Communications, Inc.		4,907		182,491
Total Communications				874,476
Energy - 2.6%
Chevron Corp.		4,907		772,116
Basic Materials - 0.9%
Dow, Inc.		4,907		261,347
Total Common Stocks
(Cost $15,943,167)				25,617,386

	Face Amount
U.S. TREASURY BILLS†† - 9.4%
U.S. Treasury Bills
5.00% due 08/03/231,2	$	2,000,000		1,991,193
5.11% due 07/18/232,3		495,000		493,964
5.10% due 08/03/231,2		150,000		149,339
5.01% due 08/03/231,2		100,000		99,560
Total U.S. Treasury Bills
(Cost $2,733,457)				2,734,056
REPURCHASE AGREEMENTS††,4 - 10.5%
J.P. Morgan Securities LLC issued 06/30/23 at 5.05% due 07/03/231		1,668,932		1,668,932
Barclays Capital, Inc. issued 06/30/23 at 5.06% due 07/03/231		734,246		734,246
BofA Securities, Inc. issued 06/30/23 at 5.06% due 07/03/231		667,496		667,496
Total Repurchase Agreements
(Cost $3,070,674)				3,070,674
Total Investments - 107.4%
(Cost $21,747,298)			$	31,422,116
Other Assets & Liabilities, net - (7.4)%				(2,154,051	)
Total Net Assets - 100.0%			$	29,268,065

Futures Contracts
Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Appreciation**
Equity Futures Contracts Purchased†
Dow Jones Industrial Average Index Mini Futures Contracts		11	Sep 2023	$	1,904,540	$	27,521

Total Return Swap Agreements
Counterparty	Index	Type	Financing Rate	Payment Frequency	Maturity Date	Units	Notional Amount		Value and Unrealized Appreciation
OTC Equity Index Swap Agreements††
Barclays Bank plc	Dow Jones Industrial Average	Pay	5.56% (SOFR + 0.50%)	At Maturity	09/20/23	740	$	25,470,566	$	489,919
BNP Paribas	Dow Jones Industrial Average	Pay	5.62% (Federal Funds Rate + 0.55%)	At Maturity	09/21/23	159		5,479,366		76,576
							$	30,949,932	$	566,495

Dow 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2023

*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is pledged as equity index swap collateral at June 30, 2023.
2	Rate indicated is the effective yield at the time of purchase.
3	All or a portion of this security is pledged as futures collateral at June 30, 2023.
4	Repurchase Agreements — See Note 4.

plc — Public Limited Company

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2023 (See Note 3 in the Notes to Schedule of Investments):
Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	25,617,386	$	—	$	—	$	25,617,386
U.S. Treasury Bills		—		2,734,056		—		2,734,056
Repurchase Agreements		—		3,070,674		—		3,070,674
Equity Futures Contracts**		27,521		—		—		27,521
Equity Index Swap Agreements**		—		566,495		—		566,495
Total Assets	$	25,644,907	$	6,371,225	$	—	$	32,016,132

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Inverse Dow 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2023

	Face Amount		Value
U.S. TREASURY BILLS†† - 20.0%
U.S. Treasury Bills
5.00% due 08/03/231,2	$	800,000	$	796,477
5.05% due 08/03/231,2		200,000		199,119
Total U.S. Treasury Bills
(Cost $995,408)				995,596
REPURCHASE AGREEMENTS††,3 - 82.7%
J.P. Morgan Securities LLC issued 06/30/23 at 5.05% due 07/03/231		2,241,967		2,241,967
Barclays Capital, Inc. issued 06/30/23 at 5.06% due 07/03/231		986,352		986,352
BofA Securities, Inc. issued 06/30/23 at 5.06% due 07/03/231		896,684		896,684
Total Repurchase Agreements
(Cost $4,125,003)				4,125,003
Total Investments - 102.7%
(Cost $5,120,411)			$	5,120,599
Other Assets & Liabilities, net - (2.7)%				(132,962	)
Total Net Assets - 100.0%			$	4,987,637

Futures Contracts
Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Depreciation**
Equity Futures Contracts Sold Short†
Dow Jones Industrial Average Mini Futures Contracts		9	Sep 2023	$	1,558,260	$	(14,269	)

Total Return Swap Agreements

Counterparty

Index

Type

Financing Rate

Payment Frequency

Maturity Date

Units

Notional Amount

Value and Unrealized Depreciation

OTC Equity Index Swap Agreements Sold Short††

Barclays Bank plc

Dow Jones Industrial Average

Receive

5.31% (SOFR + 0.25%)

At Maturity

09/20/23

157

$

5,413,895

$

(28,465

)

BNP Paribas

Dow Jones Industrial Average

Receive

5.22% (Federal Funds Rate + 0.15%)

At Maturity

09/21/23

88

3,017,701

(43,737

)

$

8,431,596

$

(72,202

)

**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is pledged as equity index swap collateral at June 30, 2023.
2	Rate indicated is the effective yield at the time of purchase.
3	Repurchase Agreements — See Note 4.

plc — Public Limited Company

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

Inverse Dow 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2023

The following table summarizes the inputs used to value the Fund's investments at June 30, 2023 (See Note 3 in the Notes to Schedule of Investments):
Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
U.S. Treasury Bills	$	—	$	995,596	$	—	$	995,596
Repurchase Agreements		—		4,125,003		—		4,125,003
Total Assets	$	—	$	5,120,599	$	—	$	5,120,599

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Equity Futures Contracts**	$	14,269	$	—	$	—	$	14,269
Equity Index Swap Agreements**		—		72,202		—		72,202
Total Liabilities	$	14,269	$	72,202	$	—	$	86,471

^**  This derivative is reported as unrealized appreciation/depreciation at period end.

Inverse NASDAQ-100® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2023

	Face Amount		Value
FEDERAL AGENCY DISCOUNT NOTES†† - 43.5%
Federal Home Loan Bank
5.07% due 07/20/231	$	5,000,000	$	4,986,621
4.93% due 07/07/231		2,300,000		2,298,110
4.80% due 07/03/231		1,500,000		1,499,600
Total Federal Agency Discount Notes
(Cost $8,784,331)				8,784,331
U.S. TREASURY BILLS†† - 29.6%
U.S. Treasury Bills
5.00% due 08/03/231,2		2,000,000		1,991,193
5.00% due 08/03/231,2		2,000,000		1,991,193
5.01% due 08/03/231,2		850,000		846,257
5.11% due 07/18/231,3		698,000		696,539
5.10% due 08/03/231,2		450,000		448,019
Total U.S. Treasury Bills
(Cost $5,971,942)				5,973,201
REPURCHASE AGREEMENTS††,4 - 33.3%
J.P. Morgan Securities LLC issued 06/30/23 at 5.05% due 07/03/232		3,658,530		3,658,530
Barclays Capital, Inc. issued 06/30/23 at 5.06% due 07/03/232		1,609,569		1,609,569
BofA Securities, Inc. issued 06/30/23 at 5.06% due 07/03/232		1,463,245		1,463,245
Total Repurchase Agreements
(Cost $6,731,344)				6,731,344
Total Investments - 106.4%
(Cost $21,487,617)			$	21,488,876
Other Assets & Liabilities, net - (6.4)%				(1,291,310	)
Total Net Assets - 100.0%			$	20,197,566

Futures Contracts
Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Appreciation**
Equity Futures Contracts Sold Short†
NASDAQ-100 Index Mini Futures Contracts		16	Sep 2023	$	4,906,000	$	13,844

Total Return Swap Agreements
Counterparty	Index	Type	Financing Rate	Payment Frequency	Maturity Date	Units	Notional Amount		Value and Unrealized Depreciation
OTC Equity Index Swap Agreements Sold Short††
Barclays Bank plc	NASDAQ-100 Index	Receive	5.41% (SOFR + 0.35%)	At Maturity	09/20/23	385	$	5,841,541	$	(83,103	)
BNP Paribas	NASDAQ-100 Index	Receive	5.32% (Federal Funds Rate + 0.25%)	At Maturity	09/21/23	499		7,573,716		(116,394	)
Goldman Sachs International	NASDAQ-100 Index	Receive	5.37% (Federal Funds Rate + 0.30%)	At Maturity	09/21/23	1,453		22,057,772		(275,816	)
							$	35,473,029	$	(475,313	)

**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	Rate indicated is the effective yield at the time of purchase.
2	All or a portion of this security is pledged as equity index swap collateral at June 30, 2023.
3	All or a portion of this security is pledged as futures collateral at June 30, 2023.
4	Repurchase Agreements — See Note 4.

plc — Public Limited Company

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

Inverse NASDAQ-100® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2023

The following table summarizes the inputs used to value the Fund's investments at June 30, 2023 (See Note 3 in the Notes to Schedule of Investments):
Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Federal Agency Discount Notes	$	—	$	8,784,331	$	—	$	8,784,331
U.S. Treasury Bills		—		5,973,201		—		5,973,201
Repurchase Agreements		—		6,731,344		—		6,731,344
Equity Futures Contracts**		13,844		—		—		13,844
Total Assets	$	13,844	$	21,488,876	$	—	$	21,502,720
Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Equity Index Swap Agreements**	$	—	$	475,313	$	—	$	475,313

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Inverse Russell 2000® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2023

	Face Amount		Value
U.S. TREASURY BILLS†† - 10.1%
U.S. Treasury Bills
4.87% due 08/10/231	$	500,000	$	497,291
5.00% due 08/03/231,2		100,000		99,560
5.11% due 07/18/231,3		82,000		81,828
Total U.S. Treasury Bills
(Cost $678,507)				678,679

FEDERAL AGENCY DISCOUNT NOTES†† - 7.3%
Federal Home Loan Bank
5.00% due 07/19/231	500,000		498,750
Total Federal Agency Discount Notes
(Cost $498,750)			498,750
REPURCHASE AGREEMENTS††,4 - 108.2%
J.P. Morgan Securities LLC issued 06/30/23 at 5.05% due 07/03/232	3,997,399		3,997,399
Barclays Capital, Inc. issued 06/30/23 at 5.06% due 07/03/232	1,758,654		1,758,654
BofA Securities, Inc. issued 06/30/23 at 5.06% due 07/03/232	1,598,776		1,598,776
Total Repurchase Agreements
(Cost $7,354,829)			7,354,829
Total Investments - 125.6%
(Cost $8,532,086)		$	8,532,258
Other Assets & Liabilities, net - (25.6)%			(1,736,872	)
Total Net Assets - 100.0%		$	6,795,386

Futures Contracts
Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Depreciation**
Equity Futures Contracts Sold Short†
Russell 2000 Index Mini Futures Contracts		28	Sep 2023	$	2,664,340	$	(6,863	)

Total Return Swap Agreements

Counterparty

Index

Type

Financing Rate

Payment Frequency

Maturity Date

Units

Notional Amount

Value and Unrealized Depreciation

OTC Equity Index Swap Agreements Sold Short††

Goldman Sachs International

Russell 2000 Index

Receive

4.92% (Federal Funds Rate - 0.15%)

At Maturity

09/21/23

3,476

$

6,564,845

$

(24,561

)

Barclays Bank plc

Russell 2000 Index

Receive

4.56% (SOFR - 0.50%)

At Maturity

09/20/23

653

1,232,611

(42,730

)

BNP Paribas

Russell 2000 Index

Receive

4.87% (Federal Funds Rate - 0.20%)

At Maturity

09/21/23

1,645

3,107,249

(62,355

)

$

10,904,705

$

(129,646

)

**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	Rate indicated is the effective yield at the time of purchase.
2	All or a portion of this security is pledged as equity index swap collateral at June 30, 2023.
3	All or a portion of this security is pledged as futures collateral at June 30, 2023.
4	Repurchase Agreements — See Note 4.

plc — Public Limited Company

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

Inverse Russell 2000® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2023

The following table summarizes the inputs used to value the Fund's investments at June 30, 2023 (See Note 3 in the Notes to Schedule of Investments): 

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
U.S. Treasury Bills	$	—	$	678,679	$	—	$	678,679
Federal Agency Discount Notes		—		498,750		—		498,750
Repurchase Agreements		—		7,354,829		—		7,354,829
Total Assets	$	—	$	8,532,258	$	—	$	8,532,258

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Equity Futures Contracts**	$	6,863	$	—	$	—	$	6,863
Equity Index Swap Agreements**		—		129,646		—		129,646
Total Liabilities	$	6,863	$	129,646	$	—	$	136,509

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Inverse S&P 500® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2023

	Face Amount		Value
U.S. TREASURY BILLS†† - 23.2%
U.S. Treasury Bills
5.05% due 07/05/231	$	5,000,000	$	4,998,637
5.05% due 08/03/231,2		3,800,000		3,783,266
4.87% due 08/10/231		2,000,000		1,989,165
5.00% due 08/03/231,2		1,500,000		1,493,395
5.11% due 07/18/231,3		954,000		952,003
Total U.S. Treasury Bills
(Cost $13,213,052)				13,216,466
FEDERAL AGENCY DISCOUNT NOTES†† - 3.7%
Federal Home Loan Bank
4.93% due 07/07/231		2,100,000		2,098,275
Total Federal Agency Discount Notes
(Cost $2,098,275)				2,098,275
REPURCHASE AGREEMENTS††,4 - 10.8%
J.P. Morgan Securities LLC issued 06/30/23 at 5.05% due 07/03/232		3,331,207		3,331,207
Barclays Capital, Inc. issued 06/30/23 at 5.06% due 07/03/232		1,465,564		1,465,564
BofA Securities, Inc. issued 06/30/23 at 5.06% due 07/03/232		1,332,330		1,332,330
Total Repurchase Agreements
(Cost $6,129,101)				6,129,101
Total Investments - 37.7%
(Cost $21,440,428)			$	21,443,842
Other Assets & Liabilities, net - 62.3%				35,494,402
Total Net Assets - 100.0%			$	56,938,244

Futures Contracts
Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Depreciation**
Equity Futures Contracts Sold Short†
S&P 500 Index Mini Futures Contracts		141	Sep 2023	$	31,629,825	$	(25,539	)

Total Return Swap Agreements
Counterparty	Index	Type	Financing Rate	Payment Frequency	Maturity Date	Units	Notional Amount		Value and Unrealized Depreciation
OTC Equity Index Swap Agreements Sold Short††
BNP Paribas	S&P 500 Index	Receive	5.27% (Federal Funds Rate + 0.20%)	At Maturity	09/21/23	634	$	2,822,167	$	(45,639	)
Goldman Sachs International	S&P 500 Index	Receive	5.37% (Federal Funds Rate + 0.30%)	At Maturity	09/21/23	14,064		62,591,816		(226,848	)
Barclays Bank plc	S&P 500 Index	Receive	5.36% (SOFR + 0.30%)	At Maturity	09/20/23	3,788		16,856,397		(460,424	)
							$	82,270,380	$	(732,911	)

**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	Rate indicated is the effective yield at the time of purchase.
2	All or a portion of this security is pledged as equity index swap collateral at June 30, 2023.
3	All or a portion of this security is pledged as futures collateral at June 30, 2023.
4	Repurchase Agreements — See Note 4.

plc — Public Limited Company

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

Inverse S&P 500® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2023

The following table summarizes the inputs used to value the Fund's investments at June 30, 2023 (See Note 3 in the Notes to Schedule of Investments):
Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
U.S. Treasury Bills	$	—	$	13,216,466	$	—	$	13,216,466
Federal Agency Discount Notes		—		2,098,275		—		2,098,275
Repurchase Agreements		—		6,129,101		—		6,129,101
Total Assets	$	—	$	21,443,842	$	—	$	21,443,842

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Equity Futures Contracts**	$	25,539	$	—	$	—	$	25,539
Equity Index Swap Agreements**		—		732,911		—		732,911
Total Liabilities	$	25,539	$	732,911	$	—	$	758,450

^** This derivative is reported as unrealized appreciation/depreciation at period end.

NASDAQ-100® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2023

	Shares		Value
COMMON STOCKS† - 81.5%
Technology - 40.9%
Microsoft Corp.		252,486	$	85,981,582
Apple, Inc.		431,368		83,672,451
NVIDIA Corp.		109,263		46,220,434
Broadcom, Inc.		18,443		15,998,012
Adobe, Inc.*		20,291		9,922,096
Advanced Micro Devices, Inc.*		71,236		8,114,493
Texas Instruments, Inc.		40,151		7,227,983
Intel Corp.		184,509		6,169,981
QUALCOMM, Inc.		49,279		5,866,172
Intuit, Inc.		12,389		5,676,516
Applied Materials, Inc.		37,147		5,369,227
Analog Devices, Inc.		22,181		4,321,081
Lam Research Corp.		5,942		3,819,874
Micron Technology, Inc.		48,412		3,055,281
KLA Corp.		6,069		2,943,586
Activision Blizzard, Inc.*		34,777		2,931,701
Synopsys, Inc.*		6,731		2,930,745
Cadence Design Systems, Inc.*		12,063		2,829,015
ASML Holding N.V. — Class G		3,882		2,813,480
Fortinet, Inc.*		34,734		2,625,543
NXP Semiconductor N.V.		11,490		2,351,773
Marvell Technology, Inc.		38,043		2,274,211
Microchip Technology, Inc.		24,126		2,161,448
Workday, Inc. — Class A*		9,113		2,058,536
Autodesk, Inc.*		9,473		1,938,271
ON Semiconductor Corp.*		19,104		1,806,856
Paychex, Inc.		15,947		1,783,991
GLOBALFOUNDRIES, Inc.*,1		24,231		1,564,838
Electronic Arts, Inc.		12,063		1,564,571
Cognizant Technology Solutions Corp. — Class A		22,448		1,465,405
Crowdstrike Holdings, Inc. — Class A*		9,914		1,456,069
Datadog, Inc. — Class A*		13,105		1,289,270
ANSYS, Inc.*		3,833		1,265,925
Atlassian Corp. — Class A*		6,719		1,127,515
Zscaler, Inc.*		6,419		939,100
Zoom Video Communications, Inc. — Class A*		11,098		753,332
Total Technology				334,290,364
Communications - 21.6%
Amazon.com, Inc.*		349,863		45,608,141
Meta Platforms, Inc. — Class A*		97,857		28,083,002
Alphabet, Inc. — Class A*		206,476		24,715,177
Alphabet, Inc. — Class C*		200,295		24,229,686
Cisco Systems, Inc.		180,265		9,326,911
Netflix, Inc.*		19,665		8,662,236
Comcast Corp. — Class A		183,995		7,644,992
T-Mobile US, Inc.*		53,079		7,372,673
Booking Holdings, Inc.*		1,634		4,412,339
Palo Alto Networks, Inc.*		13,529		3,456,795
MercadoLibre, Inc.*		2,221		2,630,996
Charter Communications, Inc. — Class A*		6,661		2,447,052
Airbnb, Inc. — Class A*		18,243		2,338,023
PDD Holdings, Inc. ADR*		27,011		1,867,540
Warner Bros Discovery, Inc.*		107,764		1,351,361
eBay, Inc.		23,655		1,057,142
Sirius XM Holdings, Inc.1		171,123		775,187
JD.com, Inc. ADR		20,083		685,433
Total Communications				176,664,686
Consumer, Non-cyclical - 8.9%
PepsiCo, Inc.		60,943		11,287,862
Intuitive Surgical, Inc.*		15,500		5,300,070
Amgen, Inc.		23,637		5,247,887
Mondelez International, Inc. — Class A		60,243		4,394,124
Gilead Sciences, Inc.		55,178		4,252,568
Automatic Data Processing, Inc.		18,275		4,016,662
Vertex Pharmaceuticals, Inc.*		11,393		4,009,311
Regeneron Pharmaceuticals, Inc.*		4,773		3,429,591
PayPal Holdings, Inc.*		49,354		3,293,393
Monster Beverage Corp.*		46,303		2,659,644
Cintas Corp.		4,498		2,235,866
Dexcom, Inc.*		17,148		2,203,690
Moderna, Inc.*		16,863		2,048,854
Keurig Dr Pepper, Inc.		62,098		1,941,805
Kraft Heinz Co.		54,288		1,927,224
AstraZeneca plc ADR		26,183		1,873,917
IDEXX Laboratories, Inc.*		3,672		1,844,189
Biogen, Inc.*		6,403		1,823,895
GE HealthCare Technologies, Inc.		20,113		1,633,980
CoStar Group, Inc.*		18,072		1,608,408
Seagen, Inc.*		8,294		1,596,263
Verisk Analytics, Inc. — Class A		6,405		1,447,722
Illumina, Inc.*		6,993		1,311,118
Align Technology, Inc.*		3,384		1,196,718
Total Consumer, Non-cyclical				72,584,761
Consumer, Cyclical - 7.5%
Tesla, Inc.*		108,076		28,291,054
Costco Wholesale Corp.		19,618		10,561,939
Starbucks Corp.		50,712		5,023,531
O'Reilly Automotive, Inc.*		2,693		2,572,623
Marriott International, Inc. — Class A		13,481		2,476,325
Lululemon Athletica, Inc.*		5,405		2,045,792
PACCAR, Inc.		23,116		1,933,653
Copart, Inc.*		21,120		1,926,355
Ross Stores, Inc.		15,131		1,696,639
Fastenal Co.		25,261		1,490,147
Dollar Tree, Inc.*		9,749		1,398,981
Walgreens Boots Alliance, Inc.		38,167		1,087,378
Lucid Group, Inc.*,1		81,140		559,055
Total Consumer, Cyclical				61,063,472
Industrial - 1.4%
Honeywell International, Inc.		29,447		6,110,253
CSX Corp.		89,935		3,066,783
Old Dominion Freight Line, Inc.		4,850		1,793,288
Total Industrial				10,970,324
Utilities - 0.8%
American Electric Power Company, Inc.		22,772		1,917,402
Exelon Corp.		43,996		1,792,397
Xcel Energy, Inc.		24,346		1,513,591
Constellation Energy Corp.		14,351		1,313,834
Total Utilities				6,537,224

NASDAQ-100® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2023

	Shares		Value
COMMON STOCKS† - 81.5% (continued)
Energy - 0.4%
Baker Hughes Co.		44,783	$	1,415,591
Diamondback Energy, Inc.		8,011		1,052,325
Enphase Energy, Inc.*		6,062		1,015,264
Total Energy				3,483,180
Total Common Stocks
(Cost $394,008,206)				665,594,011
	Face Amount
U.S. TREASURY BILLS†† - 6.8%
U.S. Treasury Bills
5.00% due 08/03/232,3	$	25,700,000		25,586,830
5.11% due 07/18/233,4		10,519,000		10,496,987
4.31% due 07/05/233		8,000,000		7,997,819
5.01% due 08/03/232,3		4,100,000		4,081,945
5.05% due 08/03/232,3		3,800,000		3,783,267
5.00% due 08/03/232,3		3,400,000		3,385,028
Total U.S. Treasury Bills
(Cost $55,318,999)				55,331,876
FEDERAL AGENCY DISCOUNT NOTES†† - 0.4%
Federal Home Loan Bank
4.80% due 07/03/233		3,500,000		3,499,067
Total Federal Agency Discount Notes
(Cost $3,499,067)				3,499,067
REPURCHASE AGREEMENTS††,5 - 7.7%
J.P. Morgan Securities LLC issued 06/30/23 at 5.05% due 07/03/232		34,195,728		34,195,728
Barclays Capital, Inc. issued 06/30/23 at 5.06% due 07/03/232		15,044,396		15,044,396
BofA Securities, Inc. issued 06/30/23 at 5.06% due 07/03/232		13,676,724		13,676,724
Total Repurchase Agreements
(Cost $62,916,848)				62,916,848
	Shares
SECURITIES LENDING COLLATERAL†,6 - 0.2%
Money Market Fund
First American Government Obligations Fund - Class X, 5.01%7		1,869,665		1,869,665
Total Securities Lending Collateral
(Cost $1,869,665)				1,869,665
Total Investments - 96.6%
(Cost $517,612,785)			$	789,211,467
Other Assets & Liabilities, net - 3.4%				27,976,359
Total Net Assets - 100.0%			$	817,187,826

Futures Contracts
Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Appreciation**
Equity Futures Contracts Purchased†
NASDAQ-100 Index Mini Futures Contracts		459	Sep 2023	$	140,740,875	$	4,127,241

Total Return Swap Agreements
Counterparty	Index	Type	Financing Rate	Payment Frequency	Maturity Date	Units	Notional Amount		Value and Unrealized Appreciation
OTC Equity Index Swap Agreements††
Barclays Bank plc	NASDAQ-100 Index	Pay	5.56% (SOFR + 0.50%)	At Maturity	09/20/23	23,669	$	359,273,434	$	10,653,972
Goldman Sachs International	NASDAQ-100 Index	Pay	5.57% (Federal Funds Rate + 0.50%)	At Maturity	09/21/23	30,021		455,701,931		5,610,590
BNP Paribas	NASDAQ-100 Index	Pay	5.72% (Federal Funds Rate + 0.65%)	At Maturity	09/21/23	903		13,713,121		210,767
							$	828,688,486	$	16,475,329

NASDAQ-100® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2023

*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2023 — See Note 5.
2	All or a portion of this security is pledged as equity index swap collateral at June 30, 2023.
3	Rate indicated is the effective yield at the time of purchase.
4	All or a portion of this security is pledged as futures collateral at June 30, 2023.
5	Repurchase Agreements — See Note 4.
6	Securities lending collateral — See Note 5.
7	Rate indicated is the 7-day yield as of June 30, 2023.

ADR — American Depositary Receipt

plc — Public Limited Company

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2023 (See Note 3 in the Notes to Schedule of Investments):
Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	665,594,011	$	—	$	—	$	665,594,011
U.S. Treasury Bills		—		55,331,876		—		55,331,876
Federal Agency Discount Notes		—		3,499,067		—		3,499,067
Repurchase Agreements		—		62,916,848		—		62,916,848
Securities Lending Collateral		1,869,665		—		—		1,869,665
Equity Futures Contracts**		4,127,241		—		—		4,127,241
Equity Index Swap Agreements**		—		16,475,329		—		16,475,329
Total Assets	$	671,590,917	$	138,223,120	$	—	$	809,814,037

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 28.8%
Consumer, Non-cyclical - 7.0%
Intra-Cellular Therapies, Inc.*		425	$	26,856
elf Beauty, Inc.*		227		25,930
Lantheus Holdings, Inc.*		308		25,847
API Group Corp.*		947		25,815
Option Care Health, Inc.*		770		25,017
IVERIC bio, Inc.*		625		24,588
HealthEquity, Inc.*		380		23,993
Ensign Group, Inc.		247		23,579
Alkermes plc*		751		23,506
BellRing Brands, Inc.*		607		22,216
Halozyme Therapeutics, Inc.*		604		21,786
Merit Medical Systems, Inc.*		257		21,495
Neogen Corp.*		986		21,446
Vaxcyte, Inc.*		416		20,775
ImmunoGen, Inc.*		1,098		20,719
Triton International Ltd.		247		20,565
AMN Healthcare Services, Inc.*		184		20,078
Insperity, Inc.		165		19,628
Haemonetics Corp.*		227		19,327
CONMED Corp.		139		18,889
Guardant Health, Inc.*		503		18,007
Lancaster Colony Corp.		88		17,696
Herc Holdings, Inc.		128		17,517
Blueprint Medicines Corp.*		275		17,380
Sprouts Farmers Market, Inc.*		469		17,226
StoneCo Ltd. — Class A*		1,318		16,791
Alight, Inc. — Class A*		1,802		16,651
Arrowhead Pharmaceuticals, Inc.*		464		16,546
ASGN, Inc.*		218		16,487
Intellia Therapeutics, Inc.*		399		16,271
TriNet Group, Inc.*		170		16,145
Amicus Therapeutics, Inc.*		1,269		15,939
Denali Therapeutics, Inc.*		534		15,758
TG Therapeutics, Inc.*		621		15,426
Hostess Brands, Inc.*		601		15,217
Pacific Biosciences of California, Inc.*		1,140		15,162
Glaukos Corp.*		212		15,097
Simply Good Foods Co.*		411		15,038
Select Medical Holdings Corp.		470		14,974
Omnicell, Inc.*		203		14,955
iRhythm Technologies, Inc.*		139		14,500
Madrigal Pharmaceuticals, Inc.*		62		14,322
Brink's Co.		209		14,176
Coca-Cola Consolidated, Inc.		22		13,993
Progyny, Inc.*		355		13,966
Surgery Partners, Inc.*		306		13,767
Cytokinetics, Inc.*		421		13,733
Inari Medical, Inc.*		235		13,663
Flywire Corp.*		435		13,502
Prestige Consumer Healthcare, Inc.*		225		13,372
Integer Holdings Corp.*		150		13,292
Patterson Companies, Inc.		399		13,271
Reata Pharmaceuticals, Inc. — Class A*		129		13,153
ACADIA Pharmaceuticals, Inc.*		548		13,125
Inmode Ltd.*		351		13,110
PTC Therapeutics, Inc.*		320		13,014
Prothena Corporation plc*		188		12,837
ABM Industries, Inc.		300		12,795
LivaNova plc*		245		12,600
Insmed, Inc.*		596		12,576
REVOLUTION Medicines, Inc.*		459		12,278
TransMedics Group, Inc.*		144		12,093
Helen of Troy Ltd.*		109		11,774
TreeHouse Foods, Inc.*		233		11,738
Korn Ferry		236		11,691
STAAR Surgical Co.*		220		11,565
CBIZ, Inc.*		217		11,562
WD-40 Co.		61		11,508
Krystal Biotech, Inc.*		98		11,505
Sage Therapeutics, Inc.*		239		11,238
Inter Parfums, Inc.		83		11,224
Alarm.com Holdings, Inc.*		217		11,215
Axonics, Inc.*		222		11,204
EVERTEC, Inc.		296		10,902
Marqeta, Inc. — Class A*		2,218		10,802
J & J Snack Foods Corp.		68		10,768
Axsome Therapeutics, Inc.*		149		10,707
ICF International, Inc.		85		10,573
Marathon Digital Holdings, Inc.*		762		10,561
AtriCure, Inc.*		211		10,415
Chinook Therapeutics, Inc.*		262		10,066
NuVasive, Inc.*		239		9,940
Amphastar Pharmaceuticals, Inc.*		172		9,885
Beam Therapeutics, Inc.*		309		9,866
Graham Holdings Co. — Class B		17		9,715
Edgewell Personal Care Co.		232		9,584
Revance Therapeutics, Inc.*		377		9,542
Akero Therapeutics, Inc.*		203		9,478
Vir Biotechnology, Inc.*		379		9,297
NeoGenomics, Inc.*		576		9,256
Bridgebio Pharma, Inc.*		518		8,910
Cerevel Therapeutics Holdings, Inc.*		280		8,901
Primo Water Corp.		708		8,878
Riot Platforms, Inc.*		724		8,558
Myriad Genetics, Inc.*		365		8,461
Vector Group Ltd.		658		8,429
Veracyte, Inc.*		329		8,380
Pacira BioSciences, Inc.*		206		8,254
LiveRamp Holdings, Inc.*		289		8,254
DICE Therapeutics, Inc.*		175		8,131
Vericel Corp.*		215		8,078
Corcept Therapeutics, Inc.*		363		8,077
Morphic Holding, Inc.*		138		7,912
Cal-Maine Foods, Inc.		173		7,785
Upbound Group, Inc.		249		7,751
Textainer Group Holdings Ltd.		195		7,679
Coursera, Inc.*		589		7,669
MGP Ingredients, Inc.		72		7,652
Dynavax Technologies Corp.*		586		7,571
CorVel Corp.*		39		7,547
Huron Consulting Group, Inc.*		86		7,302
RadNet, Inc.*		223		7,274
Geron Corp.*		2,253		7,232
Remitly Global, Inc.*		382		7,189

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 28.8% (continued)
Consumer, Non-cyclical - 7.0% (continued)
Laureate Education, Inc. — Class A		593	$	7,169
US Physical Therapy, Inc.		59		7,162
Stride, Inc.*		192		7,148
Celldex Therapeutics, Inc.*		210		7,125
Agios Pharmaceuticals, Inc.*		251		7,108
Viking Therapeutics, Inc.*		435		7,051
Adtalem Global Education, Inc.*		205		7,040
Ventyx Biosciences, Inc.*		212		6,954
SpringWorks Therapeutics, Inc.*		264		6,922
Strategic Education, Inc.		102		6,920
Protagonist Therapeutics, Inc.*		245		6,767
PROG Holdings, Inc.*		210		6,745
Andersons, Inc.		146		6,738
Supernus Pharmaceuticals, Inc.*		222		6,673
Ironwood Pharmaceuticals, Inc. — Class A*		627		6,671
Iovance Biotherapeutics, Inc.*		941		6,625
Addus HomeCare Corp.*		71		6,582
John Wiley & Sons, Inc. — Class A		193		6,568
Xencor, Inc.*		262		6,542
Central Garden & Pet Co. — Class A*		178		6,490
Owens & Minor, Inc.*		336		6,397
Biohaven Ltd.*		264		6,315
Alphatec Holdings, Inc.*		349		6,275
Zentalis Pharmaceuticals, Inc.*		222		6,263
Syndax Pharmaceuticals, Inc.*		298		6,237
UFP Technologies, Inc.*		32		6,203
BioCryst Pharmaceuticals, Inc.*		857		6,033
LeMaitre Vascular, Inc.		89		5,988
Aurinia Pharmaceuticals, Inc.*		613		5,934
Herbalife Ltd.*		447		5,918
Catalyst Pharmaceuticals, Inc.*		436		5,860
Krispy Kreme, Inc.		396		5,833
Ideaya Biosciences, Inc.*		246		5,781
Payoneer Global, Inc.*		1,199		5,767
PROCEPT BioRobotics Corp.*		163		5,762
Monro, Inc.		141		5,729
Matthews International Corp. — Class A		134		5,711
Legalzoom.com, Inc.*		471		5,690
Chefs' Warehouse, Inc.*		159		5,686
Silk Road Medical, Inc.*		174		5,653
Oscar Health, Inc. — Class A*		700		5,642
Embecta Corp.		261		5,638
ZipRecruiter, Inc. — Class A*		316		5,612
Kforce, Inc.		88		5,514
Arvinas, Inc.*		222		5,510
Universal Corp.		109		5,443
Arcellx, Inc.*		172		5,439
Pediatrix Medical Group, Inc.*		381		5,414
Ligand Pharmaceuticals, Inc. — Class B*		75		5,408
Avanos Medical, Inc.*		209		5,342
Utz Brands, Inc.		326		5,333
89bio, Inc.*		280		5,306
Ingles Markets, Inc. — Class A		64		5,290
Twist Bioscience Corp.*		257		5,258
Treace Medical Concepts, Inc.*		205		5,244
Harmony Biosciences Holdings, Inc.*		149		5,243
United Natural Foods, Inc.*		268		5,239
National Beverage Corp.*		107		5,174
Relay Therapeutics, Inc.*		408		5,124
Travere Therapeutics, Inc.*		330		5,069
Hain Celestial Group, Inc.*		405		5,067
Rocket Pharmaceuticals, Inc.*		254		5,047
Healthcare Services Group, Inc.		337		5,031
Amylyx Pharmaceuticals, Inc.*		230		4,961
Cymabay Therapeutics, Inc.*		444		4,862
Arcus Biosciences, Inc.*		239		4,854
CoreCivic, Inc.*		515		4,846
Cimpress plc*		81		4,818
Weis Markets, Inc.		75		4,816
John B Sanfilippo & Son, Inc.		41		4,808
Chegg, Inc.*		535		4,751
Sabre Corp.*		1,483		4,731
MannKind Corp.*		1,162		4,729
Cytek Biosciences, Inc.*		548		4,680
Pliant Therapeutics, Inc.*		256		4,639
Immunovant, Inc.*		244		4,629
Recursion Pharmaceuticals, Inc. — Class A*		617		4,609
Nuvalent, Inc. — Class A*		108		4,554
Viridian Therapeutics, Inc.*		191		4,544
Medifast, Inc.		49		4,516
B&G Foods, Inc.1		322		4,482
Cassava Sciences, Inc.*		180		4,414
LifeStance Health Group, Inc.*		480		4,382
Cross Country Healthcare, Inc.*		156		4,381
Dole plc		324		4,381
Crinetics Pharmaceuticals, Inc.*		241		4,343
Verve Therapeutics, Inc.*		229		4,294
Replimune Group, Inc.*		184		4,272
Arlo Technologies, Inc.*		391		4,266
SI-BONE, Inc.*		157		4,236
Udemy, Inc.*		388		4,163
Varex Imaging Corp.*		176		4,148
Keros Therapeutics, Inc.*		102		4,098
Nevro Corp.*		161		4,093
AdaptHealth Corp.*		333		4,053
Accolade, Inc.*		299		4,027
Inhibrx, Inc.*		155		4,024
Quanex Building Products Corp.		149		4,000
OPKO Health, Inc.*		1,825		3,960
Fresh Del Monte Produce, Inc.		154		3,959
Kymera Therapeutics, Inc.*		172		3,954
Green Dot Corp. — Class A*		210		3,935
Avid Bioservices, Inc.*		281		3,926
GEO Group, Inc.*		539		3,859
Rhythm Pharmaceuticals, Inc.*		232		3,826
First Advantage Corp.*		247		3,806
Perdoceo Education Corp.*		304		3,730
Point Biopharma Global, Inc.*		409		3,706
Cogent Biosciences, Inc.*		312		3,694
REGENXBIO, Inc.*		184		3,678
Multiplan Corp.*		1,713		3,614
Quanterix Corp.*		159		3,585
Innoviva, Inc.*		281		3,577

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 28.8% (continued)
Consumer, Non-cyclical - 7.0% (continued)
SpartanNash Co.		158	$	3,557
Avidity Biosciences, Inc.*		320		3,549
RxSight, Inc.*		123		3,542
Paragon 28, Inc.*		199		3,530
National Healthcare Corp.		57		3,524
ADMA Biologics, Inc.*		953		3,517
SP Plus Corp.*		89		3,481
Beyond Meat, Inc.*,1		268		3,479
BioLife Solutions, Inc.*		157		3,470
Vita Coco Company, Inc.*		129		3,466
Adaptive Biotechnologies Corp.*		514		3,449
Fulgent Genetics, Inc.*		93		3,444
Deluxe Corp.		197		3,444
MiMedx Group, Inc.*		515		3,404
Atrion Corp.		6		3,394
Collegium Pharmaceutical, Inc.*		157		3,374
Deciphera Pharmaceuticals, Inc.*		237		3,337
DocGo, Inc.*		352		3,298
Ardelyx, Inc.*		964		3,268
Aclaris Therapeutics, Inc.*		314		3,256
Brookdale Senior Living, Inc. — Class A*		771		3,254
Nano-X Imaging Ltd.*		208		3,222
USANA Health Sciences, Inc.*		51		3,215
CRA International, Inc.		31		3,162
OrthoPediatrics Corp.*		72		3,157
Mirum Pharmaceuticals, Inc.*		121		3,130
ANI Pharmaceuticals, Inc.*		58		3,122
ProKidney Corp.*		279		3,122
Kura Oncology, Inc.*		295		3,121
Beauty Health Co.*		370		3,097
Artivion, Inc.*		178		3,060
Arcturus Therapeutics Holdings, Inc.*		105		3,011
Novavax, Inc.*,1		394		2,927
Theravance Biopharma, Inc.*		279		2,888
Repay Holdings Corp.*		368		2,881
Orthofix Medical, Inc.*		159		2,872
European Wax Center, Inc. — Class A*		154		2,869
National Research Corp. — Class A		65		2,828
Transcat, Inc.*		33		2,815
SunOpta, Inc.*		411		2,750
EQRx, Inc.*		1,443		2,684
Day One Biopharmaceuticals, Inc.*		223		2,663
Mission Produce, Inc.*		219		2,654
Kelly Services, Inc. — Class A		149		2,624
Prime Medicine, Inc.*		179		2,622
ModivCare, Inc.*		58		2,622
Enhabit, Inc.*		228		2,622
Tactile Systems Technology, Inc.*		105		2,618
Barrett Business Services, Inc.		30		2,616
Editas Medicine, Inc.*		315		2,592
Anavex Life Sciences Corp.*		318		2,585
4D Molecular Therapeutics, Inc.*		143		2,584
Duckhorn Portfolio, Inc.*		199		2,581
V2X, Inc.*		52		2,577
Hackett Group, Inc.		113		2,526
Sana Biotechnology, Inc.*		422		2,515
RAPT Therapeutics, Inc.*		134		2,506
Community Health Systems, Inc.*		569		2,504
Lyell Immunopharma, Inc.*		785		2,496
Agenus, Inc.*		1,552		2,483
Viad Corp.*		92		2,473
Vera Therapeutics, Inc.*		153		2,456
TrueBlue, Inc.*		138		2,444
Marinus Pharmaceuticals, Inc.*		225		2,444
Cass Information Systems, Inc.		62		2,404
Franklin Covey Co.*		55		2,402
Heidrick & Struggles International, Inc.		90		2,382
Ennis, Inc.		115		2,344
I3 Verticals, Inc. — Class A*		102		2,332
American Well Corp. — Class A*		1,109		2,329
Resources Connection, Inc.		147		2,309
2seventy bio, Inc.*		227		2,297
Calavo Growers, Inc.		78		2,264
Harrow Health, Inc.*		118		2,247
Arcutis Biotherapeutics, Inc.*		233		2,221
Agiliti, Inc.*		134		2,211
ACCO Brands Corp.		418		2,178
Pulmonx Corp.*		166		2,176
Enliven Therapeutics, Inc.*		106		2,163
Dyne Therapeutics, Inc.*		192		2,160
OmniAb, Inc.*		422		2,123
Nurix Therapeutics, Inc.*		212		2,118
Seres Therapeutics, Inc.*		440		2,108
Zymeworks, Inc.*		241		2,082
23andMe Holding Co. — Class A*		1,176		2,058
Aaron's Company, Inc.		143		2,022
Kiniksa Pharmaceuticals Ltd. — Class A*		142		1,999
CareDx, Inc.*		235		1,997
Carriage Services, Inc. — Class A		61		1,981
Biomea Fusion, Inc.*		90		1,976
Cerus Corp.*		803		1,975
Surmodics, Inc.*		62		1,941
Avita Medical, Inc.*		114		1,939
Tarsus Pharmaceuticals, Inc.*		107		1,934
Enanta Pharmaceuticals, Inc.*		90		1,926
Target Hospitality Corp.*		141		1,892
PetIQ, Inc.*		124		1,881
Turning Point Brands, Inc.		78		1,873
Allogene Therapeutics, Inc.*		372		1,849
Fate Therapeutics, Inc.*		383		1,823
Ocular Therapeutix, Inc.*		353		1,822
MaxCyte, Inc.*		395		1,813
AngioDynamics, Inc.*		171		1,784
Aldeyra Therapeutics, Inc.*		211		1,770
AnaptysBio, Inc.*		86		1,749
Custom Truck One Source, Inc.*		257		1,732
Alector, Inc.*		287		1,725
Anika Therapeutics, Inc.*		66		1,715
Amneal Pharmaceuticals, Inc.*		551		1,708
Central Garden & Pet Co.*		44		1,706

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 28.8% (continued)
Consumer, Non-cyclical - 7.0% (continued)
Terns Pharmaceuticals, Inc.*		194	$	1,698
OraSure Technologies, Inc.*		337		1,688
Liquidia Corp.*		215		1,688
Vanda Pharmaceuticals, Inc.*		256		1,687
Emergent BioSolutions, Inc.*		229		1,683
Axogen, Inc.*		184		1,680
WW International, Inc.*		247		1,660
Vital Farms, Inc.*		138		1,655
HilleVax, Inc.*		96		1,650
Voyager Therapeutics, Inc.*		144		1,649
Tejon Ranch Co.*		95		1,635
Accuray, Inc.*		422		1,633
Pennant Group, Inc.*		131		1,609
Bluebird Bio, Inc.*		484		1,592
Phathom Pharmaceuticals, Inc.*		111		1,590
SomaLogic, Inc.*		684		1,580
Xeris Biopharma Holdings, Inc.*		602		1,577
iRadimed Corp.		33		1,575
Disc Medicine, Inc.*		35		1,554
Forrester Research, Inc.*		53		1,542
Castle Biosciences, Inc.*		112		1,537
Aura Biosciences, Inc.*		124		1,531
Viemed Healthcare, Inc.*		154		1,506
Edgewise Therapeutics, Inc.*		194		1,504
Cano Health, Inc.*		1,081		1,503
Cabaletta Bio, Inc.*		116		1,498
Omeros Corp.*		275		1,496
Mersana Therapeutics, Inc.*		454		1,494
Utah Medical Products, Inc.		16		1,491
Alta Equipment Group, Inc.		86		1,490
Coherus Biosciences, Inc.*		348		1,486
Paysafe Ltd.*		147		1,483
iTeos Therapeutics, Inc.*		112		1,483
Alpine Immune Sciences, Inc.*		144		1,480
MacroGenics, Inc.*		275		1,471
Entrada Therapeutics, Inc.*		97		1,469
Butterfly Network, Inc.*		631		1,451
2U, Inc.*		358		1,443
Taro Pharmaceutical Industries Ltd.*		37		1,403
Westrock Coffee Co.*		129		1,402
ImmunityBio, Inc.*,1		499		1,387
ORIC Pharmaceuticals, Inc.*		177		1,374
Evolus, Inc.*		187		1,360
Assertio Holdings, Inc.*		250		1,355
Scilex Holding Co.*		242		1,348
Invitae Corp.*,1		1,189		1,344
BrightView Holdings, Inc.*		187		1,343
scPharmaceuticals, Inc.*		131		1,335
Stoke Therapeutics, Inc.*		125		1,329
Summit Therapeutics, Inc.*		524		1,315
Zimvie, Inc.*		117		1,314
Compass Therapeutics, Inc.*		413		1,313
Allakos, Inc.*		301		1,312
Sterling Check Corp.*		107		1,312
Arbutus Biopharma Corp.*		565		1,300
Atea Pharmaceuticals, Inc.*		347		1,298
Phibro Animal Health Corp. — Class A		93		1,274
Sutro Biopharma, Inc.*		272		1,265
SEACOR Marine Holdings, Inc.*		109		1,246
Icosavax, Inc.*		125		1,241
Limoneira Co.		79		1,229
Intercept Pharmaceuticals, Inc.*		111		1,228
Outlook Therapeutics, Inc.*		702		1,222
Tenaya Therapeutics, Inc.*		207		1,215
Inogen, Inc.*		105		1,213
Nuvation Bio, Inc.*		659		1,186
Cullinan Oncology, Inc.*		108		1,162
Cutera, Inc.*		75		1,135
Seer, Inc.*		265		1,132
Generation Bio Co.*		205		1,128
Y-mAbs Therapeutics, Inc.*		166		1,127
FibroGen, Inc.*		411		1,110
Savara, Inc.*		345		1,102
Olema Pharmaceuticals, Inc.*		121		1,093
Caribou Biosciences, Inc.*		257		1,092
PMV Pharmaceuticals, Inc.*		174		1,089
X4 Pharmaceuticals, Inc.*		557		1,081
Mineralys Therapeutics, Inc.*		63		1,074
Tyra Biosciences, Inc.*		63		1,073
Carisma Therapeutics, Inc.		121		1,061
CareMax, Inc.*		340		1,057
Organogenesis Holdings, Inc.*		318		1,056
Willdan Group, Inc.*		55		1,054
SIGA Technologies, Inc.		208		1,050
Distribution Solutions Group, Inc.*		20		1,041
EyePoint Pharmaceuticals, Inc.*		118		1,027
FiscalNote Holdings, Inc.*		282		1,026
Universal Technical Institute, Inc.*		148		1,023
Nathan's Famous, Inc.		13		1,021
Benson Hill, Inc.*		784		1,019
Kodiak Sciences, Inc.*		147		1,014
Erasca, Inc.*		365		1,007
KalVista Pharmaceuticals, Inc.*		111		999
Rigel Pharmaceuticals, Inc.*		774		998
MeiraGTx Holdings plc*		148		995
Quipt Home Medical Corp.*		183		977
WaVe Life Sciences Ltd.*		267		972
Harvard Bioscience, Inc.*		177		972
Astria Therapeutics, Inc.*		116		966
Scholar Rock Holding Corp.*		128		965
Lexicon Pharmaceuticals, Inc.*		419		960
Monte Rosa Therapeutics, Inc.*		138		945
Immuneering Corp. — Class A*		92		933
Design Therapeutics, Inc.*		148		932
Janux Therapeutics, Inc.*		78		926
UroGen Pharma Ltd.*		89		921
Karyopharm Therapeutics, Inc.*		512		916
Eagle Pharmaceuticals, Inc.*		47		914
SoundThinking, Inc.*		41		896
Village Super Market, Inc. — Class A		39		890
Ovid therapeutics, Inc.*		270		886
Nautilus Biotechnology, Inc.*		228		882
Actinium Pharmaceuticals, Inc.*		118		876
BRC, Inc. — Class A*		169		872
NanoString Technologies, Inc.*		214		867
Joint Corp.*		64		864

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 28.8% (continued)
Consumer, Non-cyclical - 7.0% (continued)
Theseus Pharmaceuticals, Inc.*		92	$	858
Celcuity, Inc.*		78		856
HF Foods Group, Inc.*		182		854
Zynex, Inc.*		89		854
Information Services Group, Inc.		159		852
Inozyme Pharma, Inc.*		153		852
Sangamo Therapeutics, Inc.*		652		848
Lineage Cell Therapeutics, Inc.*,1		584		823
Performant Financial Corp.*		304		821
Nature's Sunshine Products, Inc.*		60		819
Alico, Inc.		32		815
Quantum-Si, Inc.*		454		813
CorMedix, Inc.*		202		801
Zevra Therapeutics, Inc.*		157		801
Humacyte, Inc.*		277		792
Kezar Life Sciences, Inc.*		323		791
Altimmune, Inc.*		224		791
InfuSystem Holdings, Inc.*		82		790
Aerovate Therapeutics, Inc.*		46		789
Seneca Foods Corp. — Class A*		24		784
Rallybio Corp.*		138		781
Gritstone bio, Inc.*		397		774
CVRx, Inc.*		50		772
ClearPoint Neuro, Inc.*		104		753
Cadiz, Inc.*		183		743
ARS Pharmaceuticals, Inc.*		110		737
ALX Oncology Holdings, Inc.*		98		736
Tela Bio, Inc.*		72		729
Annexon, Inc.*		206		725
Fennec Pharmaceuticals, Inc.*		82		724
Lincoln Educational Services Corp.*		107		721
Acacia Research Corp.*		172		716
Waldencast plc — Class A*		91		704
Precigen, Inc.*		611		703
Atara Biotherapeutics, Inc.*		432		696
Vigil Neuroscience, Inc.*		73		686
Sanara Medtech, Inc.*		17		682
Tango Therapeutics, Inc.*		202		671
Citius Pharmaceuticals, Inc.*		556		667
Foghorn Therapeutics, Inc.*		92		648
Allovir, Inc.*		190		646
Innovage Holding Corp.*		86		645
PDS Biotechnology Corp.*		126		634
Ikena Oncology, Inc.*		96		630
HireQuest, Inc.		24		625
XOMA Corp.*		33		623
Omega Therapeutics, Inc.*		110		616
Akoya Biosciences, Inc.*		82		606
Semler Scientific, Inc.*		23		604
BioAtla, Inc.*		200		600
Cara Therapeutics, Inc.*		212		600
Selecta Biosciences, Inc.*		525		588
Vicarious Surgical, Inc.*		317		580
Bioxcel Therapeutics, Inc.*		87		579
Merrimack Pharmaceuticals, Inc.*		47		578
Cue Biopharma, Inc.*		156		569
KORU Medical Systems, Inc.*		158		545
Heron Therapeutics, Inc.*		468		543
Verrica Pharmaceuticals, Inc.*		94		542
Poseida Therapeutics, Inc.*		307		540
P3 Health Partners, Inc.*		180		538
Cipher Mining, Inc.*,1		188		538
Quad/Graphics, Inc.*		141		530
Vor BioPharma, Inc.*		170		525
Pulse Biosciences, Inc.*		73		525
Natural Grocers by Vitamin Cottage, Inc.		42		515
Longboard Pharmaceuticals, Inc.*		70		514
NGM Biopharmaceuticals, Inc.*		197		510
Protalix BioTherapeutics, Inc.*		254		508
CompoSecure, Inc.*		74		508
Acrivon Therapeutics, Inc.*		39		505
Aadi Bioscience, Inc.*		73		499
IGM Biosciences, Inc.*		54		498
Nuvectis Pharma, Inc.*		31		495
Beyond Air, Inc.*		116		494
Zevia PBC — Class A*		113		487
Vaxxinity, Inc. — Class A*,1		193		486
AirSculpt Technologies, Inc.		55		474
Trevi Therapeutics, Inc.*		188		449
CPI Card Group, Inc.*		19		442
Rent the Runway, Inc. — Class A*		218		432
Biote Corp. — Class A*		63		426
Genelux Corp.*		13		425
Third Harmonic Bio, Inc.*		88		423
Optinose, Inc.*		330		406
PepGen, Inc.*		45		402
Bakkt Holdings, Inc.*,1		315		387
Aveanna Healthcare Holdings, Inc.*		227		384
Larimar Therapeutics, Inc.*		116		363
Century Therapeutics, Inc.*		106		335
Adicet Bio, Inc.*		137		333
Graphite Bio, Inc.*		127		330
Thorne HealthTech, Inc.*		64		301
Nkarta, Inc.*		137		300
Eyenovia, Inc.*		126		299
Emerald Holding, Inc.*		71		291
Priority Technology Holdings, Inc.*		80		290
Reneo Pharmaceuticals, Inc.*		44		289
MarketWise, Inc.		143		286
Zura Bio Ltd.*		34		279
Bright Green Corp.*		273		276
Forafric Global plc*		24		263
ViewRay, Inc.*		677		238
Ocean Biomedical, Inc.*		39		234
Prelude Therapeutics, Inc.*		45		203
Orchestra BioMed Holdings, Inc.*		19		133
Ispire Technology, Inc.*		12		109
Rain Oncology, Inc.*		77		92
BioVie, Inc.*		15		65
Babylon Holdings Ltd. — Class A*		45		3

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 28.8% (continued)
Consumer, Non-cyclical - 7.0% (continued)
Total Consumer, Non-cyclical			$	2,642,167
Financial - 5.8%
Selective Insurance Group, Inc.		273		26,194
Ryman Hospitality Properties, Inc. REIT		262		24,345
SouthState Corp.		345		22,701
Essent Group Ltd.		479		22,417
Terreno Realty Corp. REIT		370		22,237
Kite Realty Group Trust REIT		986		22,027
Home BancShares, Inc.		864		19,699
PotlatchDeltic Corp. REIT		358		18,920
Independence Realty Trust, Inc. REIT		1,021		18,603
Old National Bancorp		1,327		18,498
American Equity Investment Life Holding Co.		352		18,343
Phillips Edison & Company, Inc. REIT		534		18,199
Radian Group, Inc.		712		17,999
United Bankshares, Inc.		592		17,565
First Financial Bankshares, Inc.		590		16,809
Blackstone Mortgage Trust, Inc. — Class A REIT		780		16,232
Cadence Bank		825		16,203
Essential Properties Realty Trust, Inc. REIT		674		15,866
Glacier Bancorp, Inc.		505		15,741
Mr Cooper Group, Inc.*		302		15,293
Valley National Bancorp		1,954		15,144
Hancock Whitney Corp.		393		15,083
Physicians Realty Trust REIT		1,078		15,081
Apple Hospitality REIT, Inc.		976		14,747
FTAI Aviation Ltd.		451		14,279
Focus Financial Partners, Inc. — Class A*		266		13,968
Moelis & Co. — Class A		302		13,693
Hamilton Lane, Inc. — Class A		165		13,197
Enstar Group Ltd.*		54		13,189
Broadstone Net Lease, Inc. REIT		851		13,139
United Community Banks, Inc.		523		13,070
LXP Industrial Trust REIT		1,312		12,792
Sabra Health Care REIT, Inc.		1,048		12,335
CNO Financial Group, Inc.		515		12,190
UMB Financial Corp.		200		12,180
Corporate Office Properties Trust REIT		511		12,136
Arbor Realty Trust, Inc. REIT1		813		12,049
Hannon Armstrong Sustainable Infrastructure Capital, Inc. REIT		468		11,700
Upstart Holdings, Inc.*,1		326		11,674
SITE Centers Corp. REIT		863		11,409
Walker & Dunlop, Inc.		144		11,389
Community Bank System, Inc.		241		11,298
Jackson Financial, Inc. — Class A		368		11,264
Texas Capital Bancshares, Inc.*		217		11,176
Associated Banc-Corp.		685		11,118
Macerich Co. REIT		978		11,022
Genworth Financial, Inc. — Class A*		2,199		10,995
Artisan Partners Asset Management, Inc. — Class A		278		10,928
International Bancshares Corp.		243		10,741
Outfront Media, Inc. REIT		668		10,501
WSFS Financial Corp.		277		10,449
McGrath RentCorp		112		10,358
Ameris Bancorp		300		10,263
Tanger Factory Outlet Centers, Inc. REIT		463		10,218
Piper Sandler Cos.		79		10,211
Cathay General Bancorp		315		10,140
Axos Financial, Inc.*		257		10,136
Four Corners Property Trust, Inc. REIT		392		9,957
National Health Investors, Inc. REIT		189		9,907
Simmons First National Corp. — Class A		572		9,867
First BanCorp		803		9,813
Douglas Emmett, Inc. REIT		770		9,679
Equity Commonwealth REIT		475		9,624
NMI Holdings, Inc. — Class A*		372		9,605
Sunstone Hotel Investors, Inc. REIT		943		9,543
ServisFirst Bancshares, Inc.		231		9,453
BancFirst Corp.		100		9,200
Innovative Industrial Properties, Inc. REIT		126		9,199
CareTrust REIT, Inc.		453		8,997
SL Green Realty Corp. REIT1		298		8,955
First Interstate BancSystem, Inc. — Class A		374		8,916
Independent Bank Corp.		200		8,902
Pacific Premier Bancorp, Inc.		430		8,892
Kennedy-Wilson Holdings, Inc.		542		8,851
Atlantic Union Bankshares Corp.		340		8,823
Fulton Financial Corp.		737		8,785
First Financial Bancorp		426		8,707
Eastern Bankshares, Inc.		702		8,614
Pagseguro Digital Ltd. — Class A*		899		8,487
Seacoast Banking Corporation of Florida		381		8,420
Ready Capital Corp. REIT		725		8,178
PennyMac Financial Services, Inc.		115		8,086
Urban Edge Properties REIT		520		8,024
CVB Financial Corp.		602		7,995
Bancorp, Inc.*		242		7,901
Washington Federal, Inc.		297		7,876
Navient Corp.		419		7,785
Pebblebrook Hotel Trust REIT		550		7,667
PJT Partners, Inc. — Class A		110		7,660
DiamondRock Hospitality Co. REIT		952		7,626
JBG SMITH Properties REIT		506		7,610
First Merchants Corp.		268		7,566
St. Joe Co.		156		7,541

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 28.8% (continued)
Financial - 5.8% (continued)
Retail Opportunity Investments Corp. REIT		557	$	7,525
RLJ Lodging Trust REIT		720		7,394
TowneBank		318		7,390
Bank of Hawaii Corp.		178		7,339
Enova International, Inc.*		138		7,331
Apollo Commercial Real Estate Finance, Inc. REIT		643		7,279
BankUnited, Inc.		337		7,262
Bread Financial Holdings, Inc.		228		7,157
InvenTrust Properties Corp. REIT		308		7,127
Getty Realty Corp. REIT		203		6,865
Cohen & Steers, Inc.		118		6,843
Banner Corp.		155		6,769
StoneX Group, Inc.*		81		6,729
WesBanco, Inc.		261		6,684
Park National Corp.		65		6,651
BRP Group, Inc. — Class A*		268		6,641
Hilltop Holdings, Inc.		211		6,638
Cannae Holdings, Inc.*		324		6,548
Elme Communities REIT		398		6,543
Renasant Corp.		250		6,533
Service Properties Trust REIT		747		6,491
Enterprise Financial Services Corp.		164		6,412
Palomar Holdings, Inc.*		110		6,384
Nelnet, Inc. — Class A		66		6,368
eXp World Holdings, Inc.		313		6,348
BGC Partners, Inc. — Class A		1,422		6,299
Xenia Hotels & Resorts, Inc. REIT		505		6,217
Bank of NT Butterfield & Son Ltd.		227		6,211
City Holding Co.		69		6,209
Compass Diversified Holdings		286		6,204
Goosehead Insurance, Inc. — Class A*		98		6,163
Cushman & Wakefield plc*		752		6,151
LTC Properties, Inc. REIT		186		6,142
Triumph Financial, Inc.*		101		6,133
Virtus Investment Partners, Inc.		31		6,122
Northwest Bancshares, Inc.		577		6,116
Two Harbors Investment Corp. REIT		440		6,107
Alexander & Baldwin, Inc. REIT		328		6,094
Acadia Realty Trust REIT		423		6,087
Chimera Investment Corp. REIT		1,054		6,082
Easterly Government Properties, Inc. REIT		419		6,076
StepStone Group, Inc. — Class A		244		6,054
NBT Bancorp, Inc.		189		6,020
Redfin Corp.*		481		5,974
Farmer Mac — Class C		41		5,893
First Commonwealth Financial Corp.		463		5,857
Trustmark Corp.		275		5,808
Pathward Financial, Inc.		124		5,749
Veris Residential, Inc. REIT*		358		5,746
Radius Global Infrastructure, Inc. — Class A*		384		5,722
Apartment Investment and Management Co. — Class A REIT		671		5,717
Independent Bank Group, Inc.		164		5,663
Stock Yards Bancorp, Inc.		123		5,581
Ladder Capital Corp. — Class A REIT		513		5,566
Horace Mann Educators Corp.		186		5,517
OFG Bancorp		211		5,503
Lakeland Financial Corp.		112		5,434
Provident Financial Services, Inc.		332		5,425
PennyMac Mortgage Investment Trust REIT		400		5,392
First BanCorp Puerto Rico		180		5,355
Franklin BSP Realty Trust, Inc. REIT		376		5,324
Heartland Financial USA, Inc.		191		5,323
MFA Financial, Inc. REIT		463		5,204
Encore Capital Group, Inc.*		105		5,105
Stellar Bancorp, Inc.		220		5,036
Uniti Group, Inc. REIT		1,078		4,980
Stewart Information Services Corp.		121		4,978
NETSTREIT Corp. REIT		277		4,950
Global Net Lease, Inc. REIT		473		4,862
National Bank Holdings Corp. — Class A		167		4,850
S&T Bancorp, Inc.		176		4,785
ARMOUR Residential REIT, Inc. 1		888		4,733
Compass, Inc. — Class A*		1,352		4,732
First Busey Corp.		235		4,724
LendingClub Corp.*		482		4,699
TriCo Bancshares		141		4,681
Safety Insurance Group, Inc.		65		4,662
Claros Mortgage Trust, Inc.		411		4,661
NexPoint Residential Trust, Inc. REIT		102		4,639
AMERISAFE, Inc.		86		4,586
Employers Holdings, Inc.		121		4,527
Westamerica BanCorp		118		4,519
FB Financial Corp.		161		4,516
Sandy Spring Bancorp, Inc.		198		4,491
Empire State Realty Trust, Inc. — Class A REIT		598		4,479
Plymouth Industrial REIT, Inc.		194		4,466
PacWest Bancorp		543		4,425
Hope Bancorp, Inc.		522		4,395
Argo Group International Holdings Ltd.		145		4,293
WisdomTree, Inc.		625		4,287
Veritex Holdings, Inc.		238		4,267
American Assets Trust, Inc. REIT		221		4,243
Centerspace REIT		68		4,172
National Western Life Group, Inc. — Class A		10		4,156
Berkshire Hills Bancorp, Inc.		200		4,146
OceanFirst Financial Corp.		264		4,124
Necessity Retail REIT, Inc.		609		4,117

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 28.8% (continued)
Financial - 5.8% (continued)
New York Mortgage Trust, Inc. REIT		412	$	4,087
Ellington Financial, Inc. REIT		296		4,085
RPT Realty REIT		389		4,065
Piedmont Office Realty Trust, Inc. — Class A REIT		559		4,064
Peoples Bancorp, Inc.		153		4,062
Live Oak Bancshares, Inc.		152		3,999
PRA Group, Inc.*		175		3,999
Avantax, Inc.*		178		3,984
UMH Properties, Inc. REIT		249		3,979
Victory Capital Holdings, Inc. — Class A		125		3,942
Nicolet Bankshares, Inc.		58		3,939
Customers Bancorp, Inc.*		130		3,934
BrightSpire Capital, Inc. REIT		583		3,924
B Riley Financial, Inc.1		85		3,908
Origin Bancorp, Inc.		132		3,868
Lemonade, Inc.*,1		229		3,859
Community Healthcare Trust, Inc. REIT		116		3,830
Newmark Group, Inc. — Class A		609		3,788
Lakeland Bancorp, Inc.		282		3,776
SiriusPoint Ltd.*		414		3,738
Paramount Group, Inc. REIT		837		3,708
ProAssurance Corp.		244		3,682
Mercury General Corp.		121		3,663
Brandywine Realty Trust REIT		770		3,581
Capitol Federal Financial, Inc.		578		3,566
Armada Hoffler Properties, Inc. REIT		305		3,562
First Bancshares, Inc.		137		3,540
Trupanion, Inc.*		179		3,523
Peakstone Realty Trust REIT		126		3,518
Patria Investments Ltd. — Class A		246		3,518
Tompkins Financial Corp.		63		3,509
Bank First Corp.		42		3,494
Southside Bancshares, Inc.		133		3,479
Brookline Bancorp, Inc.		395		3,452
German American Bancorp, Inc.		127		3,452
Marcus & Millichap, Inc.		109		3,435
International Money Express, Inc.*		140		3,434
Enact Holdings, Inc.		136		3,418
Preferred Bank/Los Angeles CA		61		3,354
Redwood Trust, Inc. REIT		516		3,287
Anywhere Real Estate, Inc.*		488		3,260
KKR Real Estate Finance Trust, Inc. REIT		267		3,249
Safehold, Inc. REIT		135		3,204
1st Source Corp.		75		3,145
Summit Hotel Properties, Inc. REIT		474		3,086
Brightsphere Investment Group, Inc.		147		3,080
QCR Holdings, Inc.		75		3,077
Dynex Capital, Inc. REIT		244		3,072
James River Group Holdings Ltd.		168		3,068
Eagle Bancorp, Inc.		139		2,941
AssetMark Financial Holdings, Inc.*		99		2,936
Applied Digital Corp.*,1		309		2,889
Banc of California, Inc.		247		2,860
Ambac Financial Group, Inc.*		200		2,848
Farmland Partners, Inc. REIT		229		2,796
ConnectOne Bancorp, Inc.		168		2,787
Dime Community Bancshares, Inc.		158		2,786
Universal Health Realty Income Trust REIT		58		2,760
Urstadt Biddle Properties, Inc. — Class A REIT		129		2,743
CBL & Associates Properties, Inc. REIT		122		2,689
Hudson Pacific Properties, Inc. REIT		625		2,638
Premier Financial Corp.		160		2,563
Old Second Bancorp, Inc.		196		2,560
Heritage Financial Corp.		157		2,539
Global Medical REIT, Inc.		276		2,520
Community Trust Bancorp, Inc.		70		2,490
Gladstone Land Corp. REIT		152		2,473
Diversified Healthcare Trust REIT		1,081		2,432
TrustCo Bank Corporation NY		84		2,403
Ares Commercial Real Estate Corp. REIT		235		2,385
First Community Bankshares, Inc.		80		2,378
Univest Financial Corp.		131		2,369
TPG RE Finance Trust, Inc. REIT		313		2,319
Columbia Financial, Inc.*		134		2,317
World Acceptance Corp.*		17		2,278
Gladstone Commercial Corp. REIT		182		2,251
Brookfield Business Corp. — Class A		118		2,228
Diamond Hill Investment Group, Inc.		13		2,227
Heritage Commerce Corp.		268		2,219
P10, Inc. — Class A		195		2,203
Invesco Mortgage Capital, Inc. REIT		190		2,179
United Fire Group, Inc.		95		2,153
Whitestone REIT — Class B		220		2,134
F&G Annuities & Life, Inc.		85		2,106
First Mid Bancshares, Inc.		87		2,100
Peapack-Gladstone Financial Corp.		77		2,085
Great Southern Bancorp, Inc.		41		2,080
Farmers National Banc Corp.		167		2,066
Washington Trust Bancorp, Inc.		77		2,064
Northfield Bancorp, Inc.		188		2,064
Hanmi Financial Corp.		138		2,060
Chatham Lodging Trust REIT		218		2,040
Horizon Bancorp, Inc.		195		2,030
Byline Bancorp, Inc.		112		2,026
CrossFirst Bankshares, Inc.*		202		2,020
Camden National Corp.		65		2,013
Amerant Bancorp, Inc.		117		2,011

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 28.8% (continued)
Financial - 5.8% (continued)
Mercantile Bank Corp.		71	$	1,961
Saul Centers, Inc. REIT		53		1,952
Midland States Bancorp, Inc.		96		1,911
MBIA, Inc.*		219		1,892
Central Pacific Financial Corp.		120		1,885
Burke & Herbert Financial Services Corp.		29		1,862
Cambridge Bancorp		34		1,847
Coastal Financial Corp.*		49		1,845
Orchid Island Capital, Inc. REIT		178		1,842
Merchants Bancorp		72		1,842
Alexander's, Inc. REIT		10		1,839
Capital City Bank Group, Inc.		60		1,838
Kearny Financial Corp.		259		1,826
HCI Group, Inc.		29		1,792
Universal Insurance Holdings, Inc.		115		1,774
NexPoint Diversified Real Estate Trust REIT		139		1,740
FRP Holdings, Inc.*		30		1,727
First Financial Corp.		53		1,721
Orion Office REIT, Inc.		259		1,712
CTO Realty Growth, Inc. REIT		99		1,697
Office Properties Income Trust REIT		218		1,679
Bar Harbor Bankshares		68		1,676
NewtekOne, Inc.		105		1,670
CNB Financial Corp.		94		1,659
Republic Bancorp, Inc. — Class A		39		1,658
FTAI Infrastructure, Inc.		448		1,653
HarborOne Bancorp, Inc.		190		1,649
Business First Bancshares, Inc.		109		1,643
Tiptree, Inc. — Class A		109		1,636
Metropolitan Bank Holding Corp.*		47		1,632
RMR Group, Inc. — Class A		70		1,622
Perella Weinberg Partners		193		1,608
Carter Bankshares, Inc.*		107		1,583
Flushing Financial Corp.		128		1,573
SmartFinancial, Inc.		72		1,549
Independent Bank Corp.		91		1,543
Equity Bancshares, Inc. — Class A		67		1,526
RE/MAX Holdings, Inc. — Class A		79		1,521
One Liberty Properties, Inc. REIT		74		1,504
Southern Missouri Bancorp, Inc.		39		1,500
Hingham Institution For Savings The		7		1,492
Citizens Financial Services, Inc.		20		1,489
Metrocity Bankshares, Inc.		83		1,485
Alerus Financial Corp.		82		1,474
HomeTrust Bancshares, Inc.		70		1,462
NerdWallet, Inc. — Class A*		155		1,458
Northeast Bank		35		1,458
Esquire Financial Holdings, Inc.		31		1,418
GCM Grosvenor, Inc. — Class A		188		1,417
Mid Penn Bancorp, Inc.		64		1,413
Peoples Financial Services Corp.		32		1,401
Farmers & Merchants Bancorp Incorporated/Archbold OH		61		1,373
MidWestOne Financial Group, Inc.		64		1,368
American National Bankshares, Inc.		47		1,362
West BanCorp, Inc.		73		1,344
Citizens & Northern Corp.		69		1,332
Bit Digital, Inc.*		327		1,328
Arrow Financial Corp.		65		1,309
Five Star Bancorp		58		1,297
Amalgamated Financial Corp.		80		1,287
ACNB Corp.		38		1,260
Bank of Marin Bancorp		71		1,255
Postal Realty Trust, Inc. — Class A REIT		85		1,250
Enterprise Bancorp, Inc.		43		1,244
Greenlight Capital Re Ltd. — Class A*		117		1,233
Granite Point Mortgage Trust, Inc. REIT		231		1,224
Civista Bancshares, Inc.		70		1,218
South Plains Financial, Inc.		54		1,216
Forge Global Holdings, Inc.*		497		1,208
Selectquote, Inc.*		617		1,203
Waterstone Financial, Inc.		83		1,203
Braemar Hotels & Resorts, Inc. REIT		297		1,194
Skyward Specialty Insurance Group, Inc.*,1		47		1,194
First of Long Island Corp.		96		1,154
Blue Foundry Bancorp*		112		1,132
John Marshall Bancorp, Inc.		56		1,125
HBT Financial, Inc.		61		1,125
Chicago Atlantic Real Estate Finance, Inc. REIT		74		1,121
Macatawa Bank Corp.		119		1,104
Regional Management Corp.		36		1,098
Home Bancorp, Inc.		33		1,096
Capstar Financial Holdings, Inc.		89		1,092
Financial Institutions, Inc.		69		1,086
Red River Bancshares, Inc.		22		1,081
MVB Financial Corp.		51		1,075
First Bancorp, Inc.		44		1,071
BRT Apartments Corp. REIT		54		1,069
Sierra Bancorp		63		1,069
First Business Financial Services, Inc.		36		1,062
LendingTree, Inc.*		48		1,061
Summit Financial Group, Inc.		51		1,054
Legacy Housing Corp.*		45		1,044
Guaranty Bancshares, Inc.		38		1,029
Fidelity D&D Bancorp, Inc.		21		1,020
Donegal Group, Inc. — Class A		70		1,010
Sculptor Capital Management, Inc.		113		998
Northrim BanCorp, Inc.		25		983
City Office REIT, Inc.		176		980
Norwood Financial Corp.		33		975
Middlefield Banc Corp.		36		965

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 28.8% (continued)
Financial - 5.8% (continued)
Alpine Income Property Trust, Inc. REIT		59	$	959
Greene County Bancorp, Inc.		32		954
Shore Bancshares, Inc.		81		936
AFC Gamma, Inc. REIT		74		921
First Foundation, Inc.		232		921
Third Coast Bancshares, Inc.*		58		920
Bridgewater Bancshares, Inc.*		93		916
Northeast Community Bancorp, Inc.		61		908
RBB Bancorp		76		907
FS Bancorp, Inc.		30		902
eHealth, Inc.*		111		892
Plumas Bancorp		25		892
BayCom Corp.		53		884
Atlanticus Holdings Corp.*		21		882
Orrstown Financial Services, Inc.		46		881
Investors Title Co.		6		876
Silvercrest Asset Management Group, Inc. — Class A		43		871
Timberland Bancorp, Inc.		34		870
Ocwen Financial Corp.*		29		869
Southern First Bancshares, Inc.*		35		866
Star Holdings*		59		865
Hersha Hospitality Trust — Class A REIT		142		865
Maiden Holdings Ltd.*		411		863
Orange County Bancorp, Inc.		23		851
Codorus Valley Bancorp, Inc.		43		843
Douglas Elliman, Inc.		367		815
Ponce Financial Group, Inc.*		93		808
C&F Financial Corp.		15		806
Parke Bancorp, Inc.		47		799
BCB Bancorp, Inc.		68		798
Capital Bancorp, Inc.		44		796
FVCBankcorp, Inc.*		73		786
Unity Bancorp, Inc.		33		779
Hippo Holdings, Inc.*		47		777
Penns Woods Bancorp, Inc.		31		776
Primis Financial Corp.		92		775
National Bankshares, Inc.		26		759
Oak Valley Bancorp		30		756
First Bank/Hamilton NJ		72		747
ChoiceOne Financial Services, Inc.		32		736
Crawford & Co. — Class A		66		732
AlTi Global, Inc.*		95		728
MainStreet Bancshares, Inc.		32		725
PCB Bancorp		49		721
Southern States Bancshares, Inc.		34		717
LCNB Corp.		48		709
Blue Ridge Bankshares, Inc.		80		708
Colony Bankcorp, Inc.		75		707
Ames National Corp.		39		703
Central Valley Community Bancorp		45		695
Virginia National Bankshares Corp.		21		675
First Western Financial, Inc.*		36		670
Bankwell Financial Group, Inc.		27		658
Stratus Properties, Inc.		25		656
Princeton Bancorp, Inc.		23		628
Community Financial Corp.		23		623
Chemung Financial Corp.		16		615
Evans Bancorp, Inc.		24		598
ESSA Bancorp, Inc.		39		583
Nexpoint Real Estate Finance, Inc. REIT		37		577
First Community Corp.		33		573
NI Holdings, Inc.*		37		549
Sterling Bancorp, Inc.*		95		520
Consumer Portfolio Services, Inc.*		42		490
USCB Financial Holdings, Inc.*		48		490
HomeStreet, Inc.		82		485
Maui Land & Pineapple Company, Inc.*		34		484
Security National Financial Corp. — Class A*		54		479
Pioneer Bancorp, Inc.*		53		474
Finance of America Companies, Inc. — Class A*		242		462
Velocity Financial, Inc.*		40		461
Angel Oak Mortgage REIT, Inc.		53		437
Bank7 Corp.		17		417
Luther Burbank Corp.		46		410
United Insurance Holdings Corp.*		89		397
Kingsway Financial Services, Inc.*		48		391
Paysign, Inc.*		148		363
GoHealth, Inc. — Class A*		18		355
Transcontinental Realty Investors, Inc.*		9		330
Clipper Realty, Inc. REIT		58		329
SWK Holdings Corp.*		17		285
American Realty Investors, Inc.*		7		152
OppFi, Inc.*		49		100
Home Point Capital, Inc.*		35		81
Total Financial				2,180,051
Industrial - 4.3%
Chart Industries, Inc.*		191		30,520
Novanta, Inc.*		162		29,824
Atkore, Inc.*		179		27,913
Simpson Manufacturing Company, Inc.		194		26,869
UFP Industries, Inc.		272		26,398
Comfort Systems USA, Inc.		160		26,272
Applied Industrial Technologies, Inc.		175		25,345
Casella Waste Systems, Inc. — Class A*		252		22,794
Watts Water Technologies, Inc. — Class A		124		22,783
Mueller Industries, Inc.		254		22,169
Fabrinet*		167		21,690
Franklin Electric Company, Inc.		209		21,506
Exponent, Inc.		229		21,370
GATX Corp.		161		20,727

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 28.8% (continued)
Industrial - 4.3% (continued)
Summit Materials, Inc. — Class A*		541	$	20,477
EnerSys		187		20,293
Aerojet Rocketdyne Holdings, Inc.*		361		19,808
Badger Meter, Inc.		133		19,625
AAON, Inc.		204		19,341
Fluor Corp.*		646		19,122
Advanced Energy Industries, Inc.		170		18,947
Belden, Inc.		192		18,365
Terex Corp.		304		18,188
Zurn Elkay Water Solutions Corp.		670		18,016
John Bean Technologies Corp.		144		17,467
Federal Signal Corp.		271		17,352
Vishay Intertechnology, Inc.		584		17,170
SPX Technologies, Inc.*		200		16,994
Arcosa, Inc.		220		16,669
Boise Cascade Co.		180		16,263
Hillenbrand, Inc.		313		16,051
Sanmina Corp.*		261		15,730
O-I Glass, Inc.*		703		14,995
Itron, Inc.*		206		14,853
Dycom Industries, Inc.*		130		14,774
Bloom Energy Corp. — Class A*		872		14,257
Encore Wire Corp.		76		14,131
Moog, Inc. — Class A		128		13,879
Albany International Corp. — Class A		142		13,246
Joby Aviation, Inc.*		1,262		12,948
EnPro Industries, Inc.		95		12,685
Werner Enterprises, Inc.		287		12,680
Forward Air Corp.		118		12,521
Matson, Inc.		161		12,515
Cactus, Inc. — Class A		293		12,400
Plexus Corp.*		124		12,182
ESCO Technologies, Inc.		116		12,021
Hub Group, Inc. — Class A*		149		11,968
RXO, Inc.*		526		11,924
Frontdoor, Inc.*		373		11,899
Kadant, Inc.		53		11,771
CSW Industrials, Inc.		70		11,633
AeroVironment, Inc.*		113		11,558
Mueller Water Products, Inc. — Class A		703		11,410
Scorpio Tankers, Inc.		239		11,288
Enovix Corp.*		620		11,185
Energizer Holdings, Inc.		324		10,880
ArcBest Corp.		109		10,769
Materion Corp.		93		10,621
Kennametal, Inc.		365		10,362
Masonite International Corp.*		101		10,346
MYR Group, Inc.*		74		10,237
Knife River Corp.*		231		10,048
Helios Technologies, Inc.		148		9,781
Worthington Industries, Inc.		139		9,656
Trinity Industries, Inc.		368		9,461
Barnes Group, Inc.		222		9,366
Golar LNG Ltd.		459		9,258
AAR Corp.*		156		9,011
Gibraltar Industries, Inc.*		140		8,809
OSI Systems, Inc.*		72		8,484
Alamo Group, Inc.		46		8,460
Kratos Defense & Security Solutions, Inc.*		567		8,131
Griffon Corp.		199		8,020
Granite Construction, Inc.		200		7,956
Greif, Inc. — Class A		112		7,716
Modine Manufacturing Co.*		233		7,694
PGT Innovations, Inc.*		263		7,666
Mirion Technologies, Inc.*		907		7,664
Sterling Infrastructure, Inc.*		136		7,589
Rocket Lab USA, Inc.*		1,262		7,572
Standex International Corp.		53		7,498
Knowles Corp.*		407		7,350
Primoris Services Corp.		240		7,313
Energy Recovery, Inc.*		252		7,043
Hillman Solutions Corp.*		781		7,037
International Seaways, Inc.		184		7,036
Enerpac Tool Group Corp.		260		7,020
NV5 Global, Inc.*		62		6,868
Masterbrand, Inc.*		587		6,827
Tennant Co.		84		6,813
JELD-WEN Holding, Inc.*		385		6,753
TTM Technologies, Inc.*		463		6,436
Greenbrier Companies, Inc.		143		6,163
CTS Corp.		142		6,053
Lindsay Corp.		50		5,967
World Kinect Corp.		279		5,770
American Woodmark Corp.*		75		5,728
Construction Partners, Inc. — Class A*		182		5,713
Marten Transport Ltd.		263		5,655
PureCycle Technologies, Inc.*		526		5,623
NEXTracker, Inc. — Class A*		140		5,573
Vicor Corp.*		100		5,400
Montrose Environmental Group, Inc.*		126		5,307
DHT Holdings, Inc.		621		5,297
Columbus McKinnon Corp.		128		5,203
TriMas Corp.		188		5,168
Napco Security Technologies, Inc.		143		4,955
AZZ, Inc.		112		4,868
SFL Corporation Ltd.		521		4,861
Ichor Holdings Ltd.*		129		4,837
Air Transport Services Group, Inc.*		255		4,812
Apogee Enterprises, Inc.		100		4,747
Astec Industries, Inc.		103		4,680
CIRCOR International, Inc.*		82		4,629
Ryerson Holding Corp.		102		4,425
GrafTech International Ltd.		877		4,420
TimkenSteel Corp.*		197		4,249
Golden Ocean Group Ltd.		557		4,205
Sturm Ruger & Company, Inc.		79		4,184
Proto Labs, Inc.*		119		4,160
Benchmark Electronics, Inc.		160		4,133
Teekay Tankers Ltd. — Class A		108		4,129
FLEX LNG Ltd.		135		4,122
Chase Corp.		34		4,122

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 28.8% (continued)
Industrial - 4.3% (continued)
Janus International Group, Inc.*		384	$	4,093
Thermon Group Holdings, Inc.*		151		4,017
Leonardo DRS, Inc.*		228		3,954
Dorian LPG Ltd.		145		3,719
MicroVision, Inc.*		800		3,664
Triumph Group, Inc.*		292		3,612
Enviri Corp.*		357		3,524
Heartland Express, Inc.		212		3,479
Li-Cycle Holdings Corp.*,1		624		3,463
Nordic American Tankers Ltd.		929		3,409
CryoPort, Inc.*		194		3,346
Xometry, Inc. — Class A*		154		3,262
Myers Industries, Inc.		165		3,206
SmartRent, Inc.*		834		3,194
Kaman Corp.		127		3,090
nLight, Inc.*		200		3,084
Evolv Technologies Holdings, Inc.*		510		3,060
Gorman-Rupp Co.		104		2,998
Kimball Electronics, Inc.*		108		2,984
Eagle Bulk Shipping, Inc.1		62		2,978
Manitowoc Company, Inc.*		158		2,975
Mesa Laboratories, Inc.		23		2,956
Archer Aviation, Inc. — Class A*		690		2,843
Hyster-Yale Materials Handling, Inc.		49		2,736
Smith & Wesson Brands, Inc.		207		2,699
Bel Fuse, Inc. — Class B		47		2,698
Heritage-Crystal Clean, Inc.*		71		2,683
Genco Shipping & Trading Ltd.		190		2,666
Insteel Industries, Inc.		85		2,645
Allied Motion Technologies, Inc.		63		2,516
Powell Industries, Inc.		41		2,484
LSB Industries, Inc.*		249		2,453
Great Lakes Dredge & Dock Corp.*		297		2,423
GoPro, Inc. — Class A*		585		2,422
Clearwater Paper Corp.*		76		2,380
DXP Enterprises, Inc.*		65		2,367
Astronics Corp.*		118		2,343
Ardmore Shipping Corp.		186		2,297
Stoneridge, Inc.*		120		2,262
Argan, Inc.		57		2,246
Ducommun, Inc.*		51		2,222
Olympic Steel, Inc.		45		2,205
NVE Corp.		22		2,144
Costamare, Inc.		219		2,118
IES Holdings, Inc.*		37		2,104
Cadre Holdings, Inc.		88		1,918
Teekay Corp.*		302		1,824
Aspen Aerogels, Inc.*		231		1,823
CECO Environmental Corp.*		134		1,790
Greif, Inc. — Class B		23		1,777
Luxfer Holdings plc		124		1,765
Covenant Logistics Group, Inc. — Class A		39		1,709
AerSale Corp.*		116		1,705
National Presto Industries, Inc.		23		1,684
NuScale Power Corp.*		242		1,646
Babcock & Wilcox Enterprises, Inc.*		266		1,570
Omega Flex, Inc.		15		1,557
FARO Technologies, Inc.*		92		1,490
LSI Industries, Inc.		118		1,482
Bowman Consulting Group Ltd.*		45		1,435
Tutor Perini Corp.*		192		1,373
Pactiv Evergreen, Inc.		181		1,370
Northwest Pipe Co.*		45		1,361
Daseke, Inc.*		183		1,305
Blink Charging Co.*,1		209		1,252
Park Aerospace Corp.		89		1,228
Eastman Kodak Co.*		258		1,192
Comtech Telecommunications Corp.		123		1,124
Radiant Logistics, Inc.*		167		1,122
Pangaea Logistics Solutions Ltd.		165		1,117
Overseas Shipholding Group, Inc. — Class A*		261		1,088
Safe Bulkers, Inc.		320		1,043
Limbach Holdings, Inc.*		42		1,039
Akoustis Technologies, Inc.*		313		995
Pure Cycle Corp.*		88		968
Concrete Pumping Holdings, Inc.*		117		939
Universal Logistics Holdings, Inc.		31		893
Ranpak Holdings Corp.*		196		886
AMMO, Inc.*		408		869
US Xpress Enterprises, Inc. — Class A*		140		860
Eve Holding, Inc.*		82		859
Turtle Beach Corp.*		71		827
Sight Sciences, Inc.*		98		812
Core Molding Technologies, Inc.*		35		796
Tredegar Corp.		119		794
Iteris, Inc.*		193		764
PAM Transportation Services, Inc.*		28		750
Gencor Industries, Inc.*		48		748
Mistras Group, Inc.*		94		726
Park-Ohio Holdings Corp.		38		722
Himalaya Shipping Ltd.*		124		689
SKYX Platforms Corp.*		257		684
908 Devices, Inc.*		99		679
Latham Group, Inc.*		176		653
374Water, Inc.*		268		641
LanzaTech Global, Inc.*		93		635
Mayville Engineering Company, Inc.*		50		623
ESS Tech, Inc.*		413		607
Charge Enterprises, Inc.*		609		597
Willis Lease Finance Corp.*		13		509
Karat Packaging, Inc.		26		474
Intevac, Inc.*		115		431
Transphorm, Inc.*		122		415
Berkshire Grey, Inc.*		287		405
INNOVATE Corp.*		208		364
NL Industries, Inc.		38		210
Amprius Technologies, Inc.*		24		172
Southland Holdings, Inc.*		17		140

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 28.8% (continued)
Industrial - 4.3% (continued)
Redwire Corp.*		36	$	92
Total Industrial				1,639,530
Consumer, Cyclical - 3.4%
Light & Wonder, Inc. — Class A*		413		28,398
Asbury Automotive Group, Inc.*		98		23,561
Meritage Homes Corp.		165		23,475
Taylor Morrison Home Corp. — Class A*		476		23,214
Fox Factory Holding Corp.*		193		20,942
Beacon Roofing Supply, Inc.*		221		18,339
Academy Sports & Outdoors, Inc.		338		18,269
Visteon Corp.*		127		18,238
Goodyear Tire & Rubber Co.*		1,275		17,442
KB Home		336		17,375
Hilton Grand Vacations, Inc.*		368		16,722
Adient plc*		433		16,593
Group 1 Automotive, Inc.		63		16,260
FirstCash Holdings, Inc.		171		15,959
Skyline Champion Corp.*		243		15,904
International Game Technology plc		492		15,690
Installed Building Products, Inc.		107		14,997
Tri Pointe Homes, Inc.*		449		14,754
LCI Industries		112		14,152
Shake Shack, Inc. — Class A*		171		13,290
JetBlue Airways Corp.*		1,497		13,263
Signet Jewelers Ltd.		202		13,183
GMS, Inc.*		188		13,010
Topgolf Callaway Brands Corp.*		651		12,922
LGI Homes, Inc.*		94		12,680
MDC Holdings, Inc.		266		12,441
Cavco Industries, Inc.*		40		11,800
Resideo Technologies, Inc.*		663		11,709
Papa John's International, Inc.		158		11,665
Boot Barn Holdings, Inc.*		135		11,433
Rush Enterprises, Inc. — Class A		188		11,419
Carvana Co.*		434		11,249
Steven Madden Ltd.		341		11,147
Bloomin' Brands, Inc.		397		10,675
M/I Homes, Inc.*		122		10,637
Kontoor Brands, Inc.		252		10,609
UniFirst Corp.		68		10,541
Foot Locker, Inc.		372		10,085
SeaWorld Entertainment, Inc.*		180		10,082
Red Rock Resorts, Inc. — Class A		215		10,058
Dana, Inc.		590		10,030
Century Communities, Inc.		129		9,884
American Eagle Outfitters, Inc.		827		9,759
Urban Outfitters, Inc.*		289		9,575
Sonos, Inc.*		575		9,390
Dorman Products, Inc.*		119		9,381
Cracker Barrel Old Country Store, Inc.		100		9,318
Jack in the Box, Inc.		94		9,168
Allegiant Travel Co. — Class A*		72		9,092
Winnebago Industries, Inc.		134		8,936
SkyWest, Inc.*		219		8,918
Dave & Buster's Entertainment, Inc.*		196		8,734
PriceSmart, Inc.		117		8,665
XPEL, Inc.*		102		8,590
National Vision Holdings, Inc.*		352		8,550
Spirit Airlines, Inc.		497		8,529
Six Flags Entertainment Corp.*		327		8,495
Luminar Technologies, Inc.*,1		1,233		8,483
Gentherm, Inc.*		150		8,476
Abercrombie & Fitch Co. — Class A*		221		8,327
Cinemark Holdings, Inc.*		498		8,217
Patrick Industries, Inc.		97		7,760
Acushnet Holdings Corp.		141		7,710
Cheesecake Factory, Inc.		220		7,608
Leslie's, Inc.*		804		7,550
Nu Skin Enterprises, Inc. — Class A		226		7,503
OPENLANE, Inc.*		489		7,443
Veritiv Corp.		59		7,411
Brinker International, Inc.*		199		7,283
ODP Corp.*		155		7,257
Hanesbrands, Inc.		1,593		7,232
Vista Outdoor, Inc.*		255		7,056
Green Brick Partners, Inc.*		119		6,759
Liberty Media Corporation - Liberty Braves — Class C*		169		6,696
Oxford Industries, Inc.		68		6,693
H&E Equipment Services, Inc.		146		6,679
Madison Square Garden Entertainment Corp.*		196		6,590
Sally Beauty Holdings, Inc.*		486		6,002
HNI Corp.		209		5,890
indie Semiconductor, Inc. — Class A*		624		5,866
Camping World Holdings, Inc. — Class A1		189		5,689
La-Z-Boy, Inc.		197		5,642
iRobot Corp.*		124		5,611
Sweetgreen, Inc. — Class A*		437		5,602
Everi Holdings, Inc.*		382		5,524
Wabash National Corp.		215		5,513
Malibu Boats, Inc. — Class A*		92		5,397
Methode Electronics, Inc.		160		5,363
Dillard's, Inc. — Class A		16		5,221
Wolverine World Wide, Inc.		352		5,171
MillerKnoll, Inc.		344		5,084
Fisker, Inc.*,1		888		5,008
Buckle, Inc.		138		4,775
Warby Parker, Inc. — Class A*		384		4,489
Virgin Galactic Holdings, Inc.*,1		1,143		4,435
Lions Gate Entertainment Corp. — Class B*		524		4,375
Portillo's, Inc. — Class A*		192		4,326
Winmark Corp.		13		4,322
Monarch Casino & Resort, Inc.		61		4,297
American Axle & Manufacturing Holdings, Inc.*		517		4,276
Dine Brands Global, Inc.		71		4,120
Aurora Innovation, Inc.*		1,376		4,045
OneSpaWorld Holdings Ltd.*		330		3,993
Life Time Group Holdings, Inc.*		202		3,973
Golden Entertainment, Inc.*		92		3,846

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 28.8% (continued)
Consumer, Cyclical - 3.4% (continued)
Sun Country Airlines Holdings, Inc.*		171	$	3,844
MRC Global, Inc.*		380		3,827
Clean Energy Fuels Corp.*		768		3,809
Beazer Homes USA, Inc.*		133		3,763
Caleres, Inc.		157		3,757
BlueLinx Holdings, Inc.*		40		3,751
Nikola Corp.*,1		2,686		3,707
G-III Apparel Group Ltd.*		191		3,681
Standard Motor Products, Inc.		96		3,602
Sovos Brands, Inc.*		180		3,521
IMAX Corp.*		203		3,449
Shyft Group, Inc.		156		3,441
Sonic Automotive, Inc. — Class A		71		3,385
ScanSource, Inc.*		114		3,370
Chuy's Holdings, Inc.*		82		3,347
MarineMax, Inc.*		97		3,314
BJ's Restaurants, Inc.*		103		3,275
Sphere Entertainment Co.*		118		3,232
A-Mark Precious Metals, Inc.		86		3,219
Steelcase, Inc. — Class A		399		3,076
Douglas Dynamics, Inc.		102		3,048
Denny's Corp.*		247		3,043
Arko Corp.		373		2,965
RCI Hospitality Holdings, Inc.		39		2,964
Chico's FAS, Inc.*		552		2,953
Franchise Group, Inc.		103		2,950
Ethan Allen Interiors, Inc.		103		2,913
Titan Machinery, Inc.*		93		2,743
Titan International, Inc.*		237		2,721
Dream Finders Homes, Inc. — Class A*		110		2,705
Sleep Number Corp.*		97		2,646
VSE Corp.		48		2,625
America's Car-Mart, Inc.*		26		2,594
Accel Entertainment, Inc.*		244		2,577
Guess?, Inc.		130		2,529
Xperi, Inc.*		191		2,511
Hawaiian Holdings, Inc.*		231		2,488
MasterCraft Boat Holdings, Inc.*		79		2,421
Kura Sushi USA, Inc. — Class A*		26		2,417
PC Connection, Inc.		52		2,345
Lions Gate Entertainment Corp. — Class A*		264		2,331
Vizio Holding Corp. — Class A*		343		2,315
Interface, Inc. — Class A		259		2,276
Designer Brands, Inc. — Class A		223		2,252
Hovnanian Enterprises, Inc. — Class A*		22		2,183
Bally's Corp.*		133		2,069
Hibbett, Inc.		57		2,069
Haverty Furniture Companies, Inc.		66		1,995
Xponential Fitness, Inc. — Class A*		112		1,932
Rush Enterprises, Inc. — Class B		28		1,906
Hudson Technologies, Inc.*		198		1,905
REV Group, Inc.		143		1,896
OneWater Marine, Inc. — Class A*		52		1,885
Forestar Group, Inc.*		83		1,872
Movado Group, Inc.		69		1,851
Liberty Media Corporation-Liberty Braves — Class A*		45		1,841
Super Group SGHC Ltd.*		617		1,789
Shoe Carnival, Inc.		76		1,785
Solid Power, Inc.*		701		1,781
Blue Bird Corp.*		79		1,776
Miller Industries, Inc.		50		1,773
Bluegreen Vacations Holding Corp.		49		1,747
Lindblad Expeditions Holdings, Inc.*		158		1,719
Funko, Inc. — Class A*		157		1,699
Lovesac Co.*		63		1,698
Frontier Group Holdings, Inc.*		172		1,663
Global Industrial Co.		59		1,638
Marcus Corp.		110		1,631
Commercial Vehicle Group, Inc.*		145		1,609
Bowlero Corp.*		133		1,548
Johnson Outdoors, Inc. — Class A		24		1,475
SES AI Corp.*		565		1,379
Genesco, Inc.*		55		1,377
EVgo, Inc.*,1		324		1,296
Destination XL Group, Inc.*		264		1,294
Build-A-Bear Workshop, Inc. — Class A		60		1,285
PetMed Express, Inc.		93		1,282
Children's Place, Inc.*		54		1,253
TuSimple Holdings, Inc. — Class A*		747		1,240
Clarus Corp.		132		1,206
Proterra, Inc.*		1,002		1,202
Zumiez, Inc.*		72		1,200
First Watch Restaurant Group, Inc.*		68		1,149
Big Lots, Inc.		129		1,139
Daktronics, Inc.*		177		1,133
El Pollo Loco Holdings, Inc.		129		1,131
Hyliion Holdings Corp.*		668		1,115
Cooper-Standard Holdings, Inc.*		76		1,084
Global Business Travel Group I*		146		1,056
Potbelly Corp.*		118		1,036
Full House Resorts, Inc.*		149		998
Red Robin Gourmet Burgers, Inc.*		72		996
Holley, Inc.*		239		978
Sportsman's Warehouse Holdings, Inc.*		171		975
Snap One Holdings Corp.*		83		967
Hooker Furnishings Corp.		50		933
GrowGeneration Corp.*		266		904
Rush Street Interactive, Inc.*		285		889
Big 5 Sporting Goods Corp.1		97		889
Century Casinos, Inc.*		124		881
Carrols Restaurant Group, Inc.*		166		837
Purple Innovation, Inc.		291		809
ThredUp, Inc. — Class A*		325		793
VOXX International Corp. — Class A*		63		786

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 28.8% (continued)
Consumer, Cyclical - 3.4% (continued)
Microvast Holdings, Inc.*		476	$	762
Vera Bradley, Inc.*		119		760
ONE Group Hospitality, Inc.*		99		725
Weyco Group, Inc.		27		721
Tile Shop Holdings, Inc.*		130		720
Tilly's, Inc. — Class A*		101		708
Traeger, Inc.*		159		676
Rocky Brands, Inc.		32		672
JAKKS Pacific, Inc.*		33		659
Lazydays Holdings, Inc.*		57		659
Workhorse Group, Inc.*		751		655
Marine Products Corp.		38		641
Fiesta Restaurant Group, Inc.*		80		635
Cato Corp. — Class A		79		634
Noodles & Co.*		182		615
Escalade, Inc.		45		601
Biglari Holdings, Inc. — Class B*		3		591
Livewire Group, Inc.*		50		591
Landsea Homes Corp.*		61		570
Fossil Group, Inc.*		215		552
Reservoir Media, Inc.*		90		542
EVI Industries, Inc.*		21		462
J Jill, Inc.*		21		450
Aeva Technologies, Inc.*		360		450
Loop Media, Inc.*		165		394
Duluth Holdings, Inc. — Class B*		61		383
United Homes Group, Inc.*		28		312
Envela Corp.*		34		250
Torrid Holdings, Inc.*		55		154
CompX International, Inc.		7		153
Dragonfly Energy Holdings Corp.*		69		102
Liberty TripAdvisor Holdings, Inc. — Class B*		2		93
Qurate Retail, Inc. — Class B*		6		50
Total Consumer, Cyclical				1,270,655
Technology - 3.3%
Super Micro Computer, Inc.*		210		52,342
SPS Commerce, Inc.*		166		31,882
Rambus, Inc.*		494		31,700
Axcelis Technologies, Inc.*		148		27,133
Onto Innovation, Inc.*		222		25,856
Power Integrations, Inc.		257		24,330
Maximus, Inc.		275		23,240
Silicon Laboratories, Inc.*		144		22,715
Tenable Holdings, Inc.*		517		22,515
Workiva, Inc.*		221		22,467
ExlService Holdings, Inc.*		146		22,055
Qualys, Inc.*		168		21,701
Insight Enterprises, Inc.*		130		19,024
Diodes, Inc.*		204		18,868
Box, Inc. — Class A*		638		18,744
Duolingo, Inc.*		130		18,582
Altair Engineering, Inc. — Class A*		243		18,429
MicroStrategy, Inc. — Class A*,1		50		17,121
MACOM Technology Solutions Holdings, Inc.*		246		16,120
Synaptics, Inc.*		179		15,283
Evolent Health, Inc. — Class A*		498		15,089
Appfolio, Inc. — Class A*		87		14,976
Kulicke & Soffa Industries, Inc.		251		14,922
CommVault Systems, Inc.*		202		14,669
Blackbaud, Inc.*		197		14,022
Ambarella, Inc.*		165		13,806
Amkor Technology, Inc.		464		13,804
Blackline, Inc.*		255		13,724
Envestnet, Inc.*		227		13,472
Varonis Systems, Inc.*		492		13,112
Freshworks, Inc. — Class A*		733		12,886
Verra Mobility Corp.*		632		12,463
Schrodinger Incorporated/United States*		247		12,330
Rapid7, Inc.*		272		12,316
FormFactor, Inc.*		349		11,943
DigitalOcean Holdings, Inc.*		287		11,520
Progress Software Corp.		197		11,446
ACI Worldwide, Inc.*		491		11,376
MaxLinear, Inc. — Class A*		338		10,667
Verint Systems, Inc.*		286		10,027
Sprout Social, Inc. — Class A*		216		9,971
ACV Auctions, Inc. — Class A*		575		9,930
IonQ, Inc.*		728		9,850
C3.ai, Inc. — Class A*,1		265		9,654
NetScout Systems, Inc.*		309		9,563
Impinj, Inc.*		104		9,324
SiTime Corp.*		78		9,202
Parsons Corp.*		187		9,002
Appian Corp. — Class A*		186		8,854
Cohu, Inc.*		211		8,769
Clear Secure, Inc. — Class A		377		8,735
PagerDuty, Inc.*		386		8,677
Fastly, Inc. — Class A*		537		8,469
Privia Health Group, Inc.*		306		7,990
Asana, Inc. — Class A*		360		7,934
Xerox Holdings Corp.		520		7,743
Ultra Clean Holdings, Inc.*		201		7,730
CSG Systems International, Inc.		141		7,436
Semtech Corp.*		289		7,358
Phreesia, Inc.*		231		7,163
Photronics, Inc.*		276		7,118
AvidXchange Holdings, Inc.*		676		7,017
Braze, Inc. — Class A*,1		156		6,831
SMART Global Holdings, Inc.*		219		6,353
PDF Solutions, Inc.*		139		6,269
Digi International, Inc.*		159		6,263
Agilysys, Inc.*		91		6,246
PROS Holdings, Inc.*		202		6,222
Jamf Holding Corp.*		316		6,168
Veradigm, Inc.*		488		6,149
Zuora, Inc. — Class A*		560		6,143
Apollo Medical Holdings, Inc.*		194		6,130
Model N, Inc.*		169		5,976
Veeco Instruments, Inc.*		230		5,906
3D Systems Corp.*		577		5,730
Yext, Inc.*		484		5,474
Cerence, Inc.*		183		5,349
Adeia, Inc.		484		5,329
Zeta Global Holdings Corp. — Class A*		607		5,184
Donnelley Financial Solutions, Inc.*		112		5,099

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 28.8% (continued)
Technology - 3.3% (continued)
E2open Parent Holdings, Inc.*		903	$	5,057
Everbridge, Inc.*		184		4,950
Outset Medical, Inc.*		224		4,899
Navitas Semiconductor Corp.*		462		4,870
PowerSchool Holdings, Inc. — Class A*		254		4,862
Aehr Test Systems*,1		117		4,826
N-able, Inc.*		317		4,568
ForgeRock, Inc. — Class A*		214		4,396
EngageSmart, Inc.*		220		4,200
AvePoint, Inc.*		694		3,997
PAR Technology Corp.*		121		3,984
NextGen Healthcare, Inc.*		245		3,974
Digital Turbine, Inc.*		428		3,972
Avid Technology, Inc.*		154		3,927
Sapiens International Corporation N.V.		139		3,697
PubMatic, Inc. — Class A*		196		3,583
Matterport, Inc.*		1,135		3,575
Alpha & Omega Semiconductor Ltd.*		105		3,444
Amplitude, Inc. — Class A*		306		3,366
Thoughtworks Holding, Inc.*		419		3,163
Health Catalyst, Inc.*		253		3,163
Simulations Plus, Inc.		72		3,120
Integral Ad Science Holding Corp.*		171		3,075
BigCommerce Holdings, Inc.*		304		3,025
Ebix, Inc.		120		3,024
Olo, Inc. — Class A*		468		3,023
TTEC Holdings, Inc.		88		2,978
Intapp, Inc.*		71		2,976
Corsair Gaming, Inc.*		167		2,963
Alkami Technology, Inc.*		179		2,934
SoundHound AI, Inc. — Class A*		633		2,880
ACM Research, Inc. — Class A*		218		2,851
Vimeo, Inc.*		689		2,839
Pitney Bowes, Inc.		794		2,810
Consensus Cloud Solutions, Inc.*		90		2,790
Planet Labs PBC*		863		2,779
OneSpan, Inc.*		181		2,686
CEVA, Inc.*		105		2,683
Conduent, Inc.*		779		2,649
Cricut, Inc. — Class A		216		2,635
MeridianLink, Inc.*		119		2,475
Sharecare, Inc.*		1,395		2,441
SolarWinds Corp.*		231		2,370
Grid Dynamics Holdings, Inc.*		251		2,322
Desktop Metal, Inc. — Class A*		1,269		2,246
Definitive Healthcare Corp.*		204		2,244
Instructure Holdings, Inc.*		88		2,214
Alignment Healthcare, Inc.*		385		2,214
8x8, Inc.*		512		2,166
Mitek Systems, Inc.*		193		2,092
Vishay Precision Group, Inc.*		56		2,080
Cantaloupe, Inc.*		259		2,062
Domo, Inc. — Class B*		139		2,038
Expensify, Inc. — Class A*		250		1,995
Playstudios, Inc.*		387		1,900
Digimarc Corp.*		64		1,884
Daily Journal Corp.*		6		1,736
Weave Communications, Inc.*		148		1,644
Computer Programs and Systems, Inc.*		65		1,605
American Software, Inc. — Class A		144		1,513
Bandwidth, Inc. — Class A*		106		1,450
Inspired Entertainment, Inc.*		98		1,442
Vuzix Corp.*,1		267		1,362
SEMrush Holdings, Inc. — Class A*		142		1,359
Enfusion, Inc. — Class A*		116		1,302
LivePerson, Inc.*		287		1,297
Innodata, Inc.*		114		1,292
inTEST Corp.*		49		1,287
EverCommerce, Inc.*		106		1,255
ON24, Inc.		148		1,202
Unisys Corp.*		301		1,198
Rimini Street, Inc.*		221		1,059
Asure Software, Inc.*		86		1,046
IBEX Holdings Ltd.*		49		1,040
Red Violet, Inc.*		50		1,029
Immersion Corp.		142		1,005
Rackspace Technology, Inc.*		357		971
Cardlytics, Inc.*		153		967
PlayAGS, Inc.*		167		944
Outbrain, Inc.*		186		915
Climb Global Solutions, Inc.		19		909
Richardson Electronics Ltd.		54		891
Velo3D, Inc.*		403		870
Atomera, Inc.*		96		842
CS Disco, Inc.*		102		838
CoreCard Corp.*		33		837
Kaltura, Inc.*		376		797
Brightcove, Inc.*		195		782
HireRight Holdings Corp.*		68		769
SkyWater Technology, Inc.*		80		754
eGain Corp.*		97		727
NextNav, Inc.*		245		720
Tingo Group, Inc.*		552		668
System1, Inc.*		112		504
Veritone, Inc.*		119		467
Skillsoft Corp.*		362		449
Viant Technology, Inc. — Class A*		65		300
BigBear.ai Holdings, Inc.*		121		284
LiveVox Holdings, Inc.*		101		278
CXApp, Inc.*		9		98
Presto Automation, Inc.*		14		73
Total Technology				1,241,700
Energy - 2.0%
Chord Energy Corp.		189		29,068
ChampionX Corp.		901		27,967
Matador Resources Co.		513		26,840
Murphy Oil Corp.		673		25,776
Civitas Resources, Inc.		313		21,713
PBF Energy, Inc. — Class A		527		21,575
Weatherford International plc*		322		21,387
Noble Corporation plc*		487		20,118
Shoals Technologies Group, Inc. — Class A*		776		19,834

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 28.8% (continued)
Energy - 2.0% (continued)
Denbury, Inc.*		228	$	19,667
Equitrans Midstream Corp.		1,977		18,900
Valaris Ltd.*		278		17,495
Magnolia Oil & Gas Corp. — Class A		830		17,347
SM Energy Co.		543		17,175
Helmerich & Payne, Inc.		455		16,130
Array Technologies, Inc.*		686		15,504
California Resources Corp.		325		14,719
CNX Resources Corp.*		739		13,095
Permian Resources Corp.		1,151		12,615
Kosmos Energy Ltd.*		2,067		12,381
Peabody Energy Corp.		564		12,216
Tidewater, Inc.*		215		11,920
Northern Oil and Gas, Inc.		340		11,669
Patterson-UTI Energy, Inc.		939		11,240
CONSOL Energy, Inc.		154		10,443
Liberty Energy, Inc. — Class A		774		10,348
Callon Petroleum Co.*		277		9,714
Alpha Metallurgical Resources, Inc.		59		9,697
Sitio Royalties Corp. — Class A		365		9,589
Seadrill Ltd.*		229		9,451
Arch Resources, Inc.		83		9,359
Warrior Met Coal, Inc.		234		9,114
Oceaneering International, Inc.*		455		8,509
Green Plains, Inc.*		263		8,479
Sunnova Energy International, Inc.*,1		457		8,368
NexTier Oilfield Solutions, Inc.*		881		7,876
Borr Drilling Ltd.*		1,036		7,801
Delek US Holdings, Inc.		301		7,209
Expro Group Holdings N.V.*		399		7,070
Talos Energy, Inc.*		506		7,018
Par Pacific Holdings, Inc.*		250		6,653
Diamond Offshore Drilling, Inc.*		461		6,565
Archrock, Inc.		629		6,447
NOW, Inc.*		497		5,149
Core Laboratories, Inc.		212		4,929
Comstock Resources, Inc.		416		4,826
Helix Energy Solutions Group, Inc.*		651		4,804
Fluence Energy, Inc.*		178		4,742
Gulfport Energy Corp.*		45		4,728
US Silica Holdings, Inc.*		341		4,136
CVR Energy, Inc.		134		4,015
FuelCell Energy, Inc.*,1		1,853		4,002
SunPower Corp. — Class A*		395		3,871
Nabors Industries Ltd.*		41		3,814
Earthstone Energy, Inc. — Class A*		259		3,701
Stem, Inc.*		644		3,684
ProPetro Holding Corp.*		446		3,675
Dril-Quip, Inc.*		154		3,584
Vital Energy, Inc.*		76		3,431
Tellurian, Inc.*		2,413		3,402
Maxeon Solar Technologies Ltd.*		114		3,210
Select Water Solutions, Inc. — Class A		385		3,119
Bristow Group, Inc.*		107		3,074
SunCoke Energy, Inc.		378		2,975
RPC, Inc.		385		2,753
Kinetik Holdings, Inc. — Class A		78		2,741
Vitesse Energy, Inc.		113		2,531
REX American Resources Corp.*		70		2,437
Berry Corp.		345		2,374
SilverBow Resources, Inc.*		80		2,330
Montauk Renewables, Inc.*		302		2,247
SandRidge Energy, Inc.		144		2,196
Oil States International, Inc.*		285		2,129
Eos Energy Enterprises, Inc.*		487		2,114
TPI Composites, Inc.*		190		1,970
TETRA Technologies, Inc.*		567		1,916
Vertex Energy, Inc.*		305		1,906
VAALCO Energy, Inc.		488		1,835
Crescent Energy Co. — Class A		173		1,803
Newpark Resources, Inc.*		344		1,799
W&T Offshore, Inc.*		445		1,722
Excelerate Energy, Inc. — Class A		82		1,667
Gevo, Inc.*		1,058		1,608
DMC Global, Inc.*		88		1,563
Enviva, Inc.		142		1,541
Cleanspark, Inc.*		346		1,484
Riley Exploration Permian, Inc.		40		1,429
Aris Water Solutions, Inc. — Class A		135		1,393
Eneti, Inc.		112		1,356
Atlas Energy Solutions, Inc. — Class A		74		1,285
ProFrac Holding Corp. — Class A*		109		1,216
Solaris Oilfield Infrastructure, Inc. — Class A		146		1,216
Energy Vault Holdings, Inc.*		444		1,212
Evolution Petroleum Corp.		143		1,154
NextDecade Corp.*		139		1,141
Forum Energy Technologies, Inc.*		44		1,126
Amplify Energy Corp.*		164		1,110
FutureFuel Corp.		118		1,044
Ring Energy, Inc.*		543		929
Hallador Energy Co.*		103		883
Ramaco Resources, Inc. — Class A		102		861
Granite Ridge Resources, Inc.		118		782
Ranger Energy Services, Inc.*		70		717
NACCO Industries, Inc. — Class A		19		659
KLX Energy Services Holdings, Inc.*		57		555
HighPeak Energy, Inc.		48		522
Mammoth Energy Services, Inc.*		105		507
Empire Petroleum Corp.*		46		419
PrimeEnergy Resources Corp.*		3		276
Ramaco Resources, Inc. — Class B*		20		216
Verde Clean Fuels, Inc.*		19		124
Total Energy				745,730

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 28.8% (continued)
Communications - 1.1%
TEGNA, Inc.		1,016	$	16,484
Ziff Davis, Inc.*		213		14,923
Extreme Networks, Inc.*		571		14,874
Calix, Inc.*		267		13,326
Cogent Communications Holdings, Inc.		196		13,189
Perficient, Inc.*		155		12,916
InterDigital, Inc.		123		11,876
Viavi Solutions, Inc.*		1,012		11,466
Yelp, Inc. — Class A*		305		11,105
DigitalBridge Group, Inc.		732		10,768
Lumen Technologies, Inc.		4,562		10,310
Cargurus, Inc.*		443		10,025
Opendoor Technologies, Inc.*		2,470		9,929
Magnite, Inc.*		606		8,272
Harmonic, Inc.*		498		8,053
Q2 Holdings, Inc.*		258		7,972
Bumble, Inc. — Class A*		458		7,685
Credo Technology Group Holding Ltd.*		442		7,664
ePlus, Inc.*		120		6,756
Overstock.com, Inc.*		204		6,644
Squarespace, Inc. — Class A*		202		6,371
Cars.com, Inc.*		301		5,966
Liberty Latin America Ltd. — Class C*		651		5,612
Shutterstock, Inc.		112		5,451
Sprinklr, Inc. — Class A*		394		5,449
CommScope Holding Company, Inc.*		938		5,281
Upwork, Inc.*		560		5,230
Hims & Hers Health, Inc.*		553		5,198
Gogo, Inc.*		300		5,103
Scholastic Corp.		129		5,017
Figs, Inc. — Class A*		578		4,780
Open Lending Corp. — Class A*		450		4,730
A10 Networks, Inc.		320		4,669
Infinera Corp.*		903		4,361
Shenandoah Telecommunications Co.		220		4,275
ADTRAN Holdings, Inc.		353		3,717
Telephone & Data Systems, Inc.		448		3,687
TechTarget, Inc.*		118		3,673
Stagwell, Inc.*		490		3,533
Thryv Holdings, Inc.*		140		3,444
Globalstar, Inc.*		3,124		3,374
Eventbrite, Inc. — Class A*		350		3,342
Revolve Group, Inc.*		186		3,050
Gray Television, Inc.		375		2,955
Clearfield, Inc.*		59		2,794
HealthStream, Inc.		110		2,702
EchoStar Corp. — Class A*		152		2,636
Anterix, Inc.*		83		2,630
EW Scripps Co. — Class A*		269		2,461
Couchbase, Inc.*		154		2,436
Clear Channel Outdoor Holdings, Inc.*		1,678		2,299
Sinclair, Inc.		159		2,198
Nextdoor Holdings, Inc.*		658		2,145
QuinStreet, Inc.*		235		2,075
Rover Group, Inc.*		420		2,062
WideOpenWest, Inc.*		233		1,966
Boston Omaha Corp. — Class A*		104		1,957
fuboTV, Inc.*		921		1,916
ATN International, Inc.		50		1,830
NETGEAR, Inc.*		129		1,827
Mondee Holdings, Inc.*,1		205		1,827
IDT Corp. — Class B*		70		1,809
Liquidity Services, Inc.*		107		1,766
Preformed Line Products Co.		11		1,717
iHeartMedia, Inc. — Class A*		465		1,693
AMC Networks, Inc. — Class A*		140		1,673
Aviat Networks, Inc.*		50		1,668
Ooma, Inc.*		108		1,617
Quotient Technology, Inc.*		409		1,570
Stitch Fix, Inc. — Class A*		382		1,471
Gannett Company, Inc.*		653		1,469
Liberty Latin America Ltd. — Class A*		164		1,435
Luna Innovations, Inc.*		145		1,322
AST SpaceMobile, Inc.*		274		1,288
Consolidated Communications Holdings, Inc.*		336		1,287
Tucows, Inc. — Class A*		45		1,248
MediaAlpha, Inc. — Class A*		117		1,206
Entravision Communications Corp. — Class A		272		1,194
BlackSky Technology, Inc.*,1		535		1,188
Nerdy, Inc.*		268		1,118
Ribbon Communications, Inc.*		397		1,108
OptimizeRx Corp.*		75		1,072
Spok Holdings, Inc.		80		1,063
Blade Air Mobility, Inc.*		265		1,044
Grindr, Inc.*		186		1,029
CarParts.com, Inc.*		240		1,020
1-800-Flowers.com, Inc. — Class A*		118		920
Advantage Solutions, Inc.*		393		920
Vivid Seats, Inc. — Class A*		115		911
Cambium Networks Corp.*		55		837
KVH Industries, Inc.*		85		777
DHI Group, Inc.*		197		755
BARK, Inc.*		495		658
ContextLogic, Inc. — Class A*		100		658
Townsquare Media, Inc. — Class A		53		631
EverQuote, Inc. — Class A*		96		624
Terran Orbital Corp.*,1		385		577
Solo Brands, Inc. — Class A*		99		560
Allbirds, Inc. — Class A*		430		542
Lands' End, Inc.*		68		528
Gambling.com Group Ltd.*		48		492
DZS, Inc.*		99		393
Urban One, Inc.*		57		342
Urban One, Inc.*		38		228
Value Line, Inc.		4		184
Total Communications				405,878
Basic Materials - 1.0%
Commercial Metals Co.		530		27,910
ATI, Inc.*		584		25,830
Livent Corp.*		817		22,410
Balchem Corp.		145		19,547

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 28.8% (continued)
Basic Materials - 1.0% (continued)
HB Fuller Co.		245	$	17,520
Cabot Corp.		251		16,789
Avient Corp.		409		16,728
Hecla Mining Co.		2,719		14,003
Sensient Technologies Corp.		191		13,586
Arconic Corp.*		448		13,252
Rogers Corp.*		78		12,631
Quaker Chemical Corp.		63		12,279
Carpenter Technology Corp.		218		12,236
Innospec, Inc.		113		11,350
Constellium SE*		573		9,856
Ingevity Corp.*		169		9,829
Stepan Co.		96		9,174
Minerals Technologies, Inc.		147		8,480
Tronox Holdings plc — Class A		530		6,736
Sylvamo Corp.		165		6,674
Uranium Energy Corp.*		1,665		5,661
Orion S.A.		254		5,390
Compass Minerals International, Inc.		155		5,270
Kaiser Aluminum Corp.		72		5,158
Ecovyst, Inc.*		431		4,939
Piedmont Lithium, Inc.*		81		4,674
Energy Fuels, Inc.*		711		4,437
Novagold Resources, Inc.*		1,094		4,365
Perimeter Solutions S.A.*		709		4,360
AdvanSix, Inc.		120		4,198
Hawkins, Inc.		88		4,197
Coeur Mining, Inc.*		1,446		4,107
Mativ Holdings, Inc.		247		3,735
Lightwave Logic, Inc.*		519		3,617
Schnitzer Steel Industries, Inc. — Class A		117		3,509
Ivanhoe Electric Incorporated / US*		252		3,286
Koppers Holdings, Inc.		91		3,103
Diversey Holdings Ltd.*,1		356		2,987
Haynes International, Inc.		57		2,897
American Vanguard Corp.		122		2,180
Century Aluminum Co.*		238		2,075
Origin Materials, Inc.*		480		2,045
Trinseo plc		158		2,002
i-80 Gold Corp.*		874		1,966
United States Lime & Minerals, Inc.		9		1,880
Centrus Energy Corp. — Class A*		56		1,823
Encore Energy Corp.*		641		1,545
Oil-Dri Corporation of America		22		1,298
Rayonier Advanced Materials, Inc.*		289		1,237
Intrepid Potash, Inc.*		48		1,089
Amyris, Inc.*		994		1,024
Danimer Scientific, Inc.*		397		945
Kronos Worldwide, Inc.		100		873
Caledonia Mining Corporation plc		74		860
Codexis, Inc.*		302		846
Dakota Gold Corp.*		243		710
Perpetua Resources Corp.*		171		628
Glatfelter Corp.*		200		604
5E Advanced Materials, Inc.*		178		584
Contango ORE, Inc.*		17		433
Terawulf, Inc.*		228		399
Valhi, Inc.		11		141
PolyMet Mining Corp.*		155		122
NioCorp Developments Ltd.*		9		45
Total Basic Materials				394,064
Utilities - 0.9%
New Jersey Resources Corp.		440		20,768
Portland General Electric Co.		440		20,605
Brookfield Infrastructure Corp. — Class A		446		20,329
Ormat Technologies, Inc.		242		19,471
ONE Gas, Inc.		250		19,202
Black Hills Corp.		302		18,199
Southwest Gas Holdings, Inc.		280		17,822
PNM Resources, Inc.		388		17,499
NorthWestern Corp.		272		15,439
ALLETE, Inc.		262		15,188
Spire, Inc.		233		14,782
Otter Tail Corp.		187		14,766
American States Water Co.		168		14,616
Avista Corp.		342		13,430
California Water Service Group		254		13,114
MGE Energy, Inc.		165		13,053
SJW Group		140		9,816
Chesapeake Utilities Corp.		79		9,401
Ameresco, Inc. — Class A*		146		7,100
Northwest Natural Holding Co.		163		7,017
Middlesex Water Co.		79		6,372
Unitil Corp.		72		3,651
York Water Co.		64		2,641
Artesian Resources Corp. — Class A		38		1,794
Consolidated Water Company Ltd.		68		1,648
Altus Power, Inc.*		289		1,561
Genie Energy Ltd. — Class B		89		1,258
FTC Solar, Inc.*		288		927
RGC Resources, Inc.		36		721
Global Water Resources, Inc.		51		647
Total Utilities				322,837
Government - 0.0%
Banco Latinoamericano de Comercio Exterior S.A. — Class E		124		2,735
Total Common Stocks
(Cost $10,363,082)				10,845,347
RIGHTS††† - 0.0%
Consumer, Non-cyclical - 0.0%
Oncternal Therapeutics, Inc.*		2		–
Tobira Therapeutics, Inc.*		80		–
Total Consumer, Non-cyclical				–
Total Rights
(Cost $4)				–
EXCHANGE-TRADED FUNDS† - 1.2%
Vanguard Russell 2000 ETF1		2,883		218,013

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
EXCHANGE-TRADED FUNDS† - 1.2% (continued)
iShares Russell 2000 Index ETF		1,164	$	217,982
Total Exchange-Traded Funds
(Cost $509,845)				435,995
	Face Amount
U.S. TREASURY BILLS†† - 32.5%
U.S. Treasury Bills
5.05% due 07/05/232	$	5,000,000		4,998,637
4.87% due 08/10/232		3,500,000		3,481,038
5.00% due 08/03/232,3		2,200,000		2,190,312
5.01% due 08/03/232,3		850,000		846,257
5.11% due 07/18/232		534,000		532,883
5.05% due 08/03/232,3		200,000		199,119
Total U.S. Treasury Bills
(Cost $12,245,140)				12,248,246
FEDERAL AGENCY DISCOUNT NOTES†† - 15.1%
Federal Home Loan Bank
4.80% due 07/03/232		3,000,000		2,999,200
4.93% due 07/07/232		2,700,000		2,697,782
Total Federal Agency Discount Notes
(Cost $5,696,982)				5,696,982
REPURCHASE AGREEMENTS††,4 - 22.0%
J.P. Morgan Securities LLC issued 06/30/23 at 5.05% due 07/03/233		4,490,025		4,490,025
Barclays Capital, Inc. issued 06/30/23 at 5.06% due 07/03/233		1,975,385		1,975,385
BofA Securities, Inc. issued 06/30/23 at 5.06% due 07/03/233		1,795,804		1,795,804
Total Repurchase Agreements
(Cost $8,261,214)				8,261,214
	Shares
SECURITIES LENDING COLLATERAL†,5 - 0.7%
Money Market Fund
First American Government Obligations Fund - Class X, 5.01%6		274,770		274,770
Total Securities Lending Collateral
(Cost $274,770)				274,770
Total Investments - 100.3%
(Cost $37,351,037)			$	37,762,554
Other Assets & Liabilities, net - (0.3)%				(129,395	)
Total Net Assets - 100.0%			$	37,633,159

Total Return Swap Agreements
Counterparty	Index	Type	Financing Rate	Payment Frequency	Maturity Date	Units		Notional Amount		Value and Unrealized Appreciation
OTC Equity Index Swap Agreements††
Barclays Bank plc	Russell 2000 Index	Pay	5.06% (SOFR)	At Maturity	09/20/23		18,654	$	35,232,784	$	1,211,768
BNP Paribas	Russell 2000 Index	Pay	5.27% (Federal Funds Rate + 0.20%)	At Maturity	09/21/23		9,531		18,002,456		368,378
Goldman Sachs International	Russell 2000 Index	Pay	5.17% (Federal Funds Rate + 0.10%)	At Maturity	09/21/23		5,665		10,700,569		219,845
								$	63,935,809	$	1,799,991

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2023 — See Note 5.
2	Rate indicated is the effective yield at the time of purchase.
3	All or a portion of this security is pledged as equity index swap collateral at June 30, 2023.
4	Repurchase Agreements — See Note 4.
5	Securities lending collateral — See Note 5.
6	Rate indicated is the 7-day yield as of June 30, 2023.

Russell 2000^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

plc — Public Limited Company

REIT — Real Estate Investment Trust 

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2023 (See Note 3 in the Notes to Schedule of Investments): 

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs			Total
Common Stocks	$	10,845,347	$	—	$	—		$	10,845,347
Rights		—		—		—	*		—
Exchange-Traded Funds		435,995		—		—			435,995
U.S. Treasury Bills		—		12,248,246		—			12,248,246
Federal Agency Discount Notes		—		5,696,982		—			5,696,982
Repurchase Agreements		—		8,261,214		—			8,261,214
Securities Lending Collateral		274,770		—		—			274,770
Equity Index Swap Agreements**		—		1,799,991		—			1,799,991
Total Assets	$	11,556,112	$	28,006,433	$	—		$	39,562,545

^*  Includes securities with a market value of $0.

^**  This derivative is reported as unrealized appreciation/depreciation at period end.

S&P 500^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 79.4%
Technology - 21.7%
Apple, Inc.		47,183	$	9,152,086
Microsoft Corp.		23,729		8,080,674
NVIDIA Corp.		7,892		3,338,474
Broadcom, Inc.		1,331		1,154,549
Adobe, Inc.*		1,464		715,881
Salesforce, Inc.*		3,124		659,976
Accenture plc — Class A		2,015		621,789
Advanced Micro Devices, Inc.*		5,139		585,384
Oracle Corp.		4,911		584,851
Texas Instruments, Inc.		2,897		521,518
Intel Corp.		13,311		445,120
QUALCOMM, Inc.		3,555		423,187
Intuit, Inc.		895		410,080
Applied Materials, Inc.		2,697		389,824
International Business Machines Corp.		2,898		387,781
ServiceNow, Inc.*		650		365,280
Analog Devices, Inc.		1,614		314,423
Lam Research Corp.		429		275,787
Fiserv, Inc.*		1,970		248,515
Micron Technology, Inc.		3,493		220,443
KLA Corp.		438		212,439
Synopsys, Inc.*		486		211,609
Cadence Design Systems, Inc.*		870		204,032
Activision Blizzard, Inc.*		2,283		192,457
NXP Semiconductor N.V.		829		169,680
Roper Technologies, Inc.		340		163,472
Fortinet, Inc.*		2,080		157,227
Microchip Technology, Inc.		1,748		156,603
Autodesk, Inc.*		683		139,749
ON Semiconductor Corp.*		1,378		130,331
MSCI, Inc. — Class A		256		120,138
Paychex, Inc.		1,024		114,555
Electronic Arts, Inc.		831		107,781
Cognizant Technology Solutions Corp. — Class A		1,620		105,754
Fidelity National Information Services, Inc.		1,891		103,438
ANSYS, Inc.*		277		91,485
HP, Inc.		2,767		84,975
Monolithic Power Systems, Inc.		144		77,793
Take-Two Interactive Software, Inc.*		506		74,463
Hewlett Packard Enterprise Co.		4,135		69,468
Fair Isaac Corp.*		80		64,737
Broadridge Financial Solutions, Inc.		377		62,443
Skyworks Solutions, Inc.		508		56,231
Tyler Technologies, Inc.*		134		55,807
Teradyne, Inc.		495		55,108
NetApp, Inc.		683		52,181
Paycom Software, Inc.		155		49,792
Zebra Technologies Corp. — Class A*		164		48,516
PTC, Inc.*		340		48,382
Akamai Technologies, Inc.*		486		43,677
EPAM Systems, Inc.*		185		41,579
Jack Henry & Associates, Inc.		233		38,988
Leidos Holdings, Inc.		438		38,754
Western Digital Corp.*		1,021		38,727
Seagate Technology Holdings plc		615		38,050
Ceridian HCM Holding, Inc.*		495		33,150
Qorvo, Inc.*		319		32,548
DXC Technology Co.*		727		19,425
Total Technology				32,401,166
Consumer, Non-cyclical - 16.0%
UnitedHealth Group, Inc.		2,971		1,427,981
Johnson & Johnson		8,293		1,372,657
Eli Lilly & Co.		2,514		1,179,016
Procter & Gamble Co.		7,522		1,141,389
Merck & Company, Inc.		8,098		934,428
PepsiCo, Inc.		4,397		814,412
AbbVie, Inc.		5,630		758,530
Coca-Cola Co.		12,421		747,993
Pfizer, Inc.		18,016		660,827
Thermo Fisher Scientific, Inc.		1,231		642,274
Abbott Laboratories		5,549		604,952
Danaher Corp.		2,119		508,560
Philip Morris International, Inc.		4,954		483,610
Bristol-Myers Squibb Co.		6,704		428,721
S&P Global, Inc.		1,047		419,732
Intuitive Surgical, Inc.*		1,118		382,289
Amgen, Inc.		1,705		378,544
Medtronic plc		4,246		374,073
Elevance Health, Inc.		757		336,327
Stryker Corp.		1,078		328,887
Mondelez International, Inc. — Class A		4,346		316,997
Gilead Sciences, Inc.		3,981		306,815
Automatic Data Processing, Inc.		1,318		289,683
Vertex Pharmaceuticals, Inc.*		822		289,270
CVS Health Corp.		4,091		282,811
Cigna Group		944		264,886
Altria Group, Inc.		5,697		258,074
Zoetis, Inc.		1,475		254,010
Boston Scientific Corp.*		4,588		248,165
Regeneron Pharmaceuticals, Inc.*		344		247,178
Becton Dickinson and Co.		906		239,193
PayPal Holdings, Inc.*		3,561		237,626
Colgate-Palmolive Co.		2,647		203,925
HCA Healthcare, Inc.		658		199,690
McKesson Corp.		433		185,025
Edwards Lifesciences Corp.*		1,935		182,529
Humana, Inc.		399		178,405
Moody's Corp.		504		175,251
Dexcom, Inc.*		1,237		158,967
Kimberly-Clark Corp.		1,077		148,691
Estee Lauder Companies, Inc. — Class A		740		145,321
General Mills, Inc.		1,874		143,736
Monster Beverage Corp.*		2,438		140,039
Cintas Corp.		276		137,194
IDEXX Laboratories, Inc.*		265		133,091
IQVIA Holdings, Inc.*		592		133,064
Biogen, Inc.*		462		131,601
Archer-Daniels-Midland Co.		1,738		131,323
Corteva, Inc.		2,269		130,014
Moderna, Inc.*		1,046		127,089
Constellation Brands, Inc. — Class A		515		126,757
Sysco Corp.		1,617		119,981
Centene Corp.*		1,751		118,105

S&P 500^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 79.4% (continued)
Consumer, Non-cyclical - 16.0% (continued)
Hershey Co.		470	$	117,359
CoStar Group, Inc.*		1,304		116,056
Verisk Analytics, Inc. — Class A		462		104,426
ResMed, Inc.		469		102,476
GE HealthCare Technologies, Inc.		1,248		101,388
AmerisourceBergen Corp. — Class A		517		99,486
Kroger Co.		2,084		97,948
United Rentals, Inc.		219		97,536
Zimmer Biomet Holdings, Inc.		666		96,970
Illumina, Inc.*		505		94,682
Equifax, Inc.		391		92,002
Quanta Services, Inc.		463		90,956
West Pharmaceutical Services, Inc.		237		90,645
Kraft Heinz Co.		2,546		90,383
Gartner, Inc.*		252		88,278
Keurig Dr Pepper, Inc.		2,688		84,054
Global Payments, Inc.		836		82,363
Align Technology, Inc.*		227		80,276
Church & Dwight Company, Inc.		780		78,179
Cardinal Health, Inc.		813		76,886
Baxter International, Inc.		1,614		73,534
STERIS plc		317		71,319
McCormick & Company, Inc.		800		69,784
Laboratory Corporation of America Holdings		283		68,296
Insulet Corp.*		222		64,011
Hologic, Inc.*		785		63,561
Clorox Co.		395		62,821
Cooper Companies, Inc.		158		60,582
FleetCor Technologies, Inc.*		236		59,255
Molina Healthcare, Inc.*		186		56,031
Kellogg Co.		820		55,268
Lamb Weston Holdings, Inc.		465		53,452
Conagra Brands, Inc.		1,522		51,322
J M Smucker Co.		340		50,208
Quest Diagnostics, Inc.		357		50,180
Waters Corp.*		188		50,110
Revvity, Inc.		400		47,516
Tyson Foods, Inc. — Class A		911		46,498
Bunge Ltd.		481		45,382
Avery Dennison Corp.		258		44,324
Bio-Techne Corp.		502		40,978
Molson Coors Beverage Co. — Class B		599		39,438
Brown-Forman Corp. — Class B		584		38,999
Viatris, Inc.		3,826		38,184
Hormel Foods Corp.		924		37,163
Incyte Corp.*		591		36,790
Teleflex, Inc.		150		36,304
Charles River Laboratories International, Inc.*		163		34,271
Henry Schein, Inc.*		418		33,900
Universal Health Services, Inc. — Class B		201		31,712
Rollins, Inc.		739		31,651
MarketAxess Holdings, Inc.		120		31,370
Campbell Soup Co.		640		29,254
Dentsply Sirona, Inc.		678		27,134
Robert Half International, Inc.		344		25,876
Bio-Rad Laboratories, Inc. — Class A*		68		25,780
Catalent, Inc.*		575		24,932
DaVita, Inc.*		177		17,783
Organon & Co.		814		16,939
Total Consumer, Non-cyclical				23,933,969
Financial - 10.7%
Berkshire Hathaway, Inc. — Class B*		5,691		1,940,631
JPMorgan Chase & Co.		9,326		1,356,373
Visa, Inc. — Class A		5,164		1,226,347
Mastercard, Inc. — Class A		2,670		1,050,111
Bank of America Corp.		22,126		634,795
Wells Fargo & Co.		11,974		511,050
Prologis, Inc. REIT		2,947		361,391
Morgan Stanley		4,157		355,008
Goldman Sachs Group, Inc.		1,061		342,215
American Express Co.		1,898		330,632
BlackRock, Inc. — Class A		478		330,365
Marsh & McLennan Companies, Inc.		1,579		296,978
American Tower Corp. — Class A REIT		1,487		288,389
Citigroup, Inc.		6,213		286,047
Charles Schwab Corp.		4,743		268,833
Chubb Ltd.		1,322		254,564
Progressive Corp.		1,868		247,267
Equinix, Inc. REIT		298		233,614
Aon plc — Class A		652		225,070
CME Group, Inc. — Class A		1,148		212,713
Intercontinental Exchange, Inc.		1,787		202,074
PNC Financial Services Group, Inc.		1,274		160,460
Crown Castle, Inc. REIT		1,384		157,693
Arthur J Gallagher & Co.		684		150,186
Public Storage REIT		505		147,399
U.S. Bancorp		4,452		147,094
Capital One Financial Corp.		1,218		133,213
American International Group, Inc.		2,310		132,917
Truist Financial Corp.		4,251		129,018
Realty Income Corp. REIT		2,148		128,429
Welltower, Inc. REIT		1,586		128,292
Travelers Companies, Inc.		737		127,987
Aflac, Inc.		1,755		122,499
Simon Property Group, Inc. REIT		1,044		120,561
MetLife, Inc.		2,053		116,056
Ameriprise Financial, Inc.		332		110,277
Digital Realty Trust, Inc. REIT		930		105,899
Prudential Financial, Inc.		1,165		102,776
Bank of New York Mellon Corp.		2,292		102,040
VICI Properties, Inc. REIT		3,205		100,733
Discover Financial Services		810		94,648
Allstate Corp.		839		91,485
Arch Capital Group Ltd.*		1,189		88,997
AvalonBay Communities, Inc. REIT		453		85,739
T. Rowe Price Group, Inc.		717		80,318
SBA Communications Corp. REIT		346		80,189
Willis Towers Watson plc		340		80,070
CBRE Group, Inc. — Class A*		992		80,064
Weyerhaeuser Co. REIT		2,337		78,313
State Street Corp.		1,067		78,083
Equity Residential REIT		1,088		71,775

S&P 500^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 79.4% (continued)
Financial - 10.7% (continued)
Hartford Financial Services Group, Inc.		990	$	71,300
M&T Bank Corp.		529		65,469
Extra Space Storage, Inc. REIT		431		64,154
Invitation Homes, Inc. REIT		1,855		63,812
Raymond James Financial, Inc.		609		63,196
Ventas, Inc. REIT		1,277		60,364
Alexandria Real Estate Equities, Inc. REIT		502		56,972
Fifth Third Bancorp		2,172		56,928
Mid-America Apartment Communities, Inc. REIT		372		56,492
Principal Financial Group, Inc.		721		54,681
Nasdaq, Inc.		1,081		53,888
Regions Financial Corp.		2,994		53,353
Iron Mountain, Inc. REIT		931		52,899
Brown & Brown, Inc.		751		51,699
Huntington Bancshares, Inc.		4,607		49,664
Northern Trust Corp.		665		49,303
Cincinnati Financial Corp.		502		48,855
Essex Property Trust, Inc. REIT		205		48,032
Everest Re Group Ltd.		137		46,835
Cboe Global Markets, Inc.		337		46,509
Synchrony Financial		1,368		46,403
UDR, Inc. REIT		987		42,402
Citizens Financial Group, Inc.		1,545		40,294
Kimco Realty Corp. REIT		1,978		39,006
Host Hotels & Resorts, Inc. REIT		2,270		38,204
W R Berkley Corp.		641		38,178
Camden Property Trust REIT		341		37,125
Loews Corp.		604		35,866
Healthpeak Properties, Inc. REIT		1,746		35,095
Globe Life, Inc.		284		31,132
Regency Centers Corp. REIT		491		30,329
KeyCorp		2,985		27,581
Boston Properties, Inc. REIT		455		26,203
Invesco Ltd.		1,462		24,576
Franklin Resources, Inc.		911		24,333
Federal Realty Investment Trust REIT		234		22,644
Assurant, Inc.		170		21,372
Comerica, Inc.		420		17,791
Zions Bancorp North America1		473		12,705
Lincoln National Corp.		492		12,674
Total Financial				16,005,995
Communications - 10.3%
Amazon.com, Inc.*		28,487		3,713,565
Alphabet, Inc. — Class A*		18,959		2,269,392
Meta Platforms, Inc. — Class A*		7,060		2,026,079
Alphabet, Inc. — Class C*		16,309		1,972,900
Cisco Systems, Inc.		13,071		676,293
Netflix, Inc.*		1,419		625,055
Comcast Corp. — Class A		13,274		551,535
Walt Disney Co.*		5,831		520,592
Verizon Communications, Inc.		13,416		498,941
AT&T, Inc.		22,815		363,899
Booking Holdings, Inc.*		118		318,639
T-Mobile US, Inc.*		1,838		255,298
Palo Alto Networks, Inc.*		966		246,823
Motorola Solutions, Inc.		535		156,905
Arista Networks, Inc.*		797		129,162
Charter Communications, Inc. — Class A*		332		121,967
Warner Bros Discovery, Inc.*		7,075		88,721
Corning, Inc.		2,442		85,568
CDW Corp.		430		78,905
eBay, Inc.		1,707		76,286
VeriSign, Inc.*		289		65,305
Omnicom Group, Inc.		637		60,610
Expedia Group, Inc.*		455		49,773
FactSet Research Systems, Inc.		122		48,879
Interpublic Group of Companies, Inc.		1,232		47,531
Match Group, Inc.*		889		37,205
Gen Digital, Inc.		1,815		33,668
Etsy, Inc.*		394		33,336
Juniper Networks, Inc.		1,026		32,145
Fox Corp. — Class A		859		29,206
F5, Inc.*		193		28,228
Paramount Global — Class B		1,618		25,742
News Corp. — Class A		1,216		23,712
Fox Corp. — Class B		436		13,904
News Corp. — Class B		375		7,395
Total Communications				15,313,164
Consumer, Cyclical - 7.5%
Tesla, Inc.*		8,598		2,250,699
Home Depot, Inc.		3,232		1,003,988
Costco Wholesale Corp.		1,415		761,808
Walmart, Inc.		4,476		703,538
McDonald's Corp.		2,330		695,295
NIKE, Inc. — Class B		3,932		433,975
Lowe's Companies, Inc.		1,903		429,507
Starbucks Corp.		3,658		362,361
TJX Companies, Inc.		3,675		311,603
Target Corp.		1,473		194,289
Ford Motor Co.		12,542		189,761
Chipotle Mexican Grill, Inc. — Class A*		88		188,232
O'Reilly Automotive, Inc.*		194		185,328
General Motors Co.		4,436		171,052
Marriott International, Inc. — Class A		823		151,177
AutoZone, Inc.*		59		147,108
PACCAR, Inc.		1,668		139,528
Copart, Inc.*		1,369		124,866
Yum! Brands, Inc.		894		123,864
Hilton Worldwide Holdings, Inc.		845		122,990
Ross Stores, Inc.		1,092		122,446
DR Horton, Inc.		990		120,473
Dollar General Corp.		699		118,676
WW Grainger, Inc.		142		111,980
Cummins, Inc.		452		110,812
Fastenal Co.		1,822		107,480
Lennar Corp. — Class A		810		101,501
Delta Air Lines, Inc.		2,051		97,505
Dollar Tree, Inc.*		664		95,284
Aptiv plc*		863		88,103
Tractor Supply Co.		350		77,385
Genuine Parts Co.		448		75,815
Ulta Beauty, Inc.*		160		75,295
Royal Caribbean Cruises Ltd.*		702		72,825
Southwest Airlines Co.		1,899		68,763
Walgreens Boots Alliance, Inc.		2,285		65,100
Darden Restaurants, Inc.		386		64,493
NVR, Inc.*		10		63,506
Las Vegas Sands Corp.*		1,049		60,842
Carnival Corp.*		3,205		60,350
United Airlines Holdings, Inc.*		1,047		57,449

S&P 500^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 79.4% (continued)
Consumer, Cyclical - 7.5% (continued)
PulteGroup, Inc.		712	$	55,308
Best Buy Company, Inc.		621		50,891
LKQ Corp.		810		47,199
Pool Corp.		125		46,830
MGM Resorts International		964		42,339
CarMax, Inc.*		505		42,269
Live Nation Entertainment, Inc.*		459		41,820
Domino's Pizza, Inc.		113		38,080
American Airlines Group, Inc.*		2,083		37,369
BorgWarner, Inc.		748		36,585
Caesars Entertainment, Inc.*		687		35,016
Wynn Resorts Ltd.		330		34,851
Tapestry, Inc.		740		31,672
Norwegian Cruise Line Holdings Ltd.*		1,354		29,477
Bath & Body Works, Inc.		731		27,413
Hasbro, Inc.		416		26,944
Whirlpool Corp.		175		26,038
Alaska Air Group, Inc.*		408		21,697
VF Corp.		1,054		20,121
Ralph Lauren Corp. — Class A		131		16,152
Advance Auto Parts, Inc.		190		13,357
Newell Brands, Inc.		1,203		10,466
Total Consumer, Cyclical				11,238,946
Industrial - 6.1%
Raytheon Technologies Corp.		4,663		456,788
Honeywell International, Inc.		2,124		440,730
United Parcel Service, Inc. — Class B		2,313		414,605
Caterpillar, Inc.		1,645		404,752
Union Pacific Corp.		1,946		398,191
General Electric Co.		3,475		381,729
Boeing Co.*		1,805		381,144
Deere & Co.		861		348,869
Lockheed Martin Corp.		719		331,013
Eaton Corporation plc		1,272		255,799
CSX Corp.		6,488		221,241
Illinois Tool Works, Inc.		883		220,891
Northrop Grumman Corp.		456		207,845
Waste Management, Inc.		1,181		204,809
FedEx Corp.		738		182,950
3M Co.		1,761		176,258
Emerson Electric Co.		1,824		164,871
Norfolk Southern Corp.		726		164,628
Amphenol Corp. — Class A		1,900		161,405
Parker-Hannifin Corp.		409		159,526
General Dynamics Corp.		718		154,478
TransDigm Group, Inc.		167		149,326
Johnson Controls International plc		2,190		149,227
TE Connectivity Ltd.		1,006		141,001
Trane Technologies plc		728		139,237
Carrier Global Corp.		2,664		132,427
Rockwell Automation, Inc.		367		120,908
AMETEK, Inc.		736		119,144
L3Harris Technologies, Inc.		605		118,441
Otis Worldwide Corp.		1,319		117,404
Agilent Technologies, Inc.		944		113,516
Old Dominion Freight Line, Inc.		287		106,118
Republic Services, Inc. — Class A		656		100,479
Vulcan Materials Co.		425		95,812
Keysight Technologies, Inc.*		568		95,112
Mettler-Toledo International, Inc.*		70		91,815
Martin Marietta Materials, Inc.		198		91,415
Xylem, Inc.		764		86,042
Ingersoll Rand, Inc.		1,291		84,380
Fortive Corp.		1,128		84,341
Dover Corp.		446		65,852
Westinghouse Air Brake Technologies Corp.		574		62,950
Teledyne Technologies, Inc.*		150		61,667
Expeditors International of Washington, Inc.		488		59,111
Ball Corp.		1,004		58,443
Howmet Aerospace, Inc.		1,174		58,183
IDEX Corp.		241		51,878
Garmin Ltd.		488		50,893
Snap-on, Inc.		169		48,704
Jacobs Solutions, Inc.		405		48,150
J.B. Hunt Transport Services, Inc.		265		47,973
Amcor plc		4,696		46,866
Stanley Black & Decker, Inc.		489		45,824
Axon Enterprise, Inc.*		224		43,707
Textron, Inc.		644		43,554
Nordson Corp.		172		42,687
Trimble, Inc.*		791		41,875
Masco Corp.		718		41,199
Packaging Corporation of America		287		37,930
CH Robinson Worldwide, Inc.		372		35,098
Pentair plc		526		33,980
Allegion plc		281		33,726
Generac Holdings, Inc.*		198		29,528
Huntington Ingalls Industries, Inc.		127		28,905
A O Smith Corp.		397		28,894
Westrock Co.		817		23,750
Sealed Air Corp.		461		18,440
Mohawk Industries, Inc.*		169		17,434
Total Industrial				9,175,868
Energy - 3.4%
Exxon Mobil Corp.		12,902		1,383,740
Chevron Corp.		5,561		875,023
ConocoPhillips		3,862		400,142
Schlumberger N.V.		4,549		223,447
EOG Resources, Inc.		1,866		213,545
Marathon Petroleum Corp.		1,354		157,877
Pioneer Natural Resources Co.		746		154,556
Phillips 66		1,464		139,636
Valero Energy Corp.		1,154		135,364
Occidental Petroleum Corp.		2,293		134,828
Williams Companies, Inc.		3,888		126,865
Hess Corp.		882		119,908
Kinder Morgan, Inc.		6,294		108,383
Baker Hughes Co.		3,231		102,132
Devon Energy Corp.		2,048		99,000
Halliburton Co.		2,879		94,978
ONEOK, Inc.		1,428		88,136
Diamondback Energy, Inc.		578		75,926
Enphase Energy, Inc.*		437		73,189
Coterra Energy, Inc. — Class A		2,417		61,150
First Solar, Inc.*		317		60,258
Targa Resources Corp.		721		54,868
SolarEdge Technologies, Inc.*		180		48,429

S&P 500^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

	Shares		Value
COMMON STOCKS† - 79.4% (continued)
Energy - 3.4% (continued)
Equities Corp.		1,154	$	47,464
Marathon Oil Corp.		1,971		45,373
APA Corp.		985		33,658
Total Energy				5,057,875
Utilities - 2.1%
NextEra Energy, Inc.		6,457		479,109
Southern Co.		3,480		244,470
Duke Energy Corp.		2,459		220,671
Sempra Energy		1,004		146,172
American Electric Power Company, Inc.		1,643		138,341
Dominion Energy, Inc.		2,668		138,176
Exelon Corp.		3,174		129,309
Xcel Energy, Inc.		1,756		109,171
Consolidated Edison, Inc.		1,106		99,982
Public Service Enterprise Group, Inc.		1,592		99,675
Constellation Energy Corp.		1,035		94,754
PG&E Corp.*		5,159		89,147
WEC Energy Group, Inc.		1,007		88,858
American Water Works Company, Inc.		621		88,648
Edison International		1,222		84,868
Eversource Energy		1,113		78,934
DTE Energy Co.		658		72,393
Ameren Corp.		838		68,439
FirstEnergy Corp.		1,737		67,535
Entergy Corp.		675		65,725
PPL Corp.		2,352		62,234
CenterPoint Energy, Inc.		2,014		58,708
CMS Energy Corp.		931		54,696
Atmos Energy Corp.		461		53,633
AES Corp.		2,136		44,279
Evergy, Inc.		733		42,822
Alliant Energy Corp.		802		42,089
NiSource, Inc.		1,318		36,047
Pinnacle West Capital Corp.		361		29,407
NRG Energy, Inc.		735		27,482
Total Utilities				3,055,774
Basic Materials - 1.6%
Linde plc		1,562		595,247
Air Products and Chemicals, Inc.		709		212,367
Sherwin-Williams Co.		749		198,874
Freeport-McMoRan, Inc.		4,574		182,960
Ecolab, Inc.		791		147,672
Nucor Corp.		802		131,512
Dow, Inc.		2,257		120,208
PPG Industries, Inc.		751		111,373
Newmont Corp.		2,536		108,186
DuPont de Nemours, Inc.		1,465		104,660
Albemarle Corp.		374		83,436
LyondellBasell Industries N.V. — Class A		810		74,382
International Flavors & Fragrances, Inc.		814		64,786
Steel Dynamics, Inc.		512		55,772
CF Industries Holdings, Inc.		622		43,179
FMC Corp.		399		41,632
Mosaic Co.		1,060		37,100
Celanese Corp. — Class A		319		36,940
International Paper Co.		1,108		35,245
Eastman Chemical Co.		380		31,814
Total Basic Materials				2,417,345
Total Common Stocks
(Cost $80,587,790)				118,600,102
	Face Amount
U.S. TREASURY BILLS†† - 6.4%
U.S. Treasury Bills
5.00% due 08/03/232,3	$	5,100,000		5,077,542
5.11% due 07/18/233,4		2,644,000		2,638,467
5.10% due 08/03/232,3		1,900,000		1,891,633
Total U.S. Treasury Bills
(Cost $9,605,250)				9,607,642
REPURCHASE AGREEMENTS††,5 - 17.8%
J.P. Morgan Securities LLC issued 06/30/23 at 5.05% due 07/03/232		14,423,708		14,423,708
Barclays Capital, Inc. issued 06/30/23 at 5.06% due 07/03/232		6,345,704		6,345,704
BofA Securities, Inc. issued 06/30/23 at 5.06% due 07/03/232		5,768,822		5,768,822
Total Repurchase Agreements
(Cost $26,538,234)				26,538,234
	Shares
SECURITIES LENDING COLLATERAL†,6 - 0.0%
Money Market Fund
First American Government Obligations Fund - Class X, 5.01%7		9,296		9,296
Total Securities Lending Collateral
(Cost $9,296)				9,296
Total Investments - 103.6%
(Cost $116,740,570)			$	154,755,274
Other Assets & Liabilities, net - (3.6)%				(5,387,777	)
Total Net Assets - 100.0%			$	149,367,497

Futures Contracts
Description	Number of Contracts		Expiration Date	Notional Amount		Value and Unrealized Appreciation**
Equity Futures Contracts Purchased†
S&P 500 Index Mini Futures Contracts		4	Sep 2023	$	897,300	$	27,464

S&P 500^® 2x Strategy Fund 

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2023

Total Return Swap Agreements
Counterparty	Index	Type	Financing Rate	Payment Frequency	Maturity Date	Units		Notional Amount		Value and Unrealized Appreciation
OTC Equity Index Swap Agreements††
Barclays Bank plc	S&P 500 Index	Pay	5.51% (SOFR + 0.45%)	At Maturity	09/20/23		15,882	$	70,680,291	$	1,930,599
Goldman Sachs International	S&P 500 Index	Pay	5.57% (Federal Funds Rate + 0.50%)	At Maturity	09/21/23		21,059		93,721,857		1,539,291
BNP Paribas	S&P 500 Index	Pay	5.67% (Federal Funds Rate + 0.60%)	At Maturity	09/21/23		3,281		14,601,013		236,121
								$	179,003,161	$	3,706,011

*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs — See Note 3.
1	All or a portion of this security is on loan at June 30, 2023 — See Note 5.
2	All or a portion of this security is pledged as equity index swap collateral at June 30, 2023.
3	Rate indicated is the effective yield at the time of purchase.
4	All or a portion of this security is pledged as futures collateral at June 30, 2023.
5	Repurchase Agreements — See Note 4.
6	Securities lending collateral — See Note 5.
7	Rate indicated is the 7-day yield as of June 30, 2023.

plc — Public Limited Company 

REIT — Real Estate Investment Trust 

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section. 

The following table summarizes the inputs used to value the Fund's investments at June 30, 2023 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	118,600,102	$	—	$	—	$	118,600,102
U.S. Treasury Bills		—		9,607,642		—		9,607,642
Repurchase Agreements		—		26,538,234		—		26,538,234
Securities Lending Collateral		9,296		—		—		9,296
Equity Futures Contracts**		27,464		—		—		27,464
Equity Index Swap Agreements**		—		3,706,011		—		3,706,011
Total Assets	$	118,636,862	$	39,851,887	$	—	$	158,488,749

** This derivative is reported as unrealized appreciation/depreciation at period end.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Note 1 – Organization and Significant Accounting Policies

Organization 

The Rydex Dynamic Funds (the “Trust”), a Delaware statutory trust, is registered with the U.S. Securities and Exchange Commission (the "SEC") under the Investment Company Act of 1940 (“1940 Act”), as an open-ended investment company, of the series type. Each series, in effect, is representing a separate fund (each, a "Fund"). The Trust may issue an unlimited number of authorized shares. The Trust accounts for the assets of each Fund separately.

This report covers the following funds (collectively, the “Funds”): 

Fund Name	Investment Company Type
Dow 2x Strategy Fund	Non-diversified
Inverse Dow 2x Strategy Fund	Non-diversified
Inverse NASDAQ-100® 2x Strategy Fund	Non-diversified
Inverse Russell 2000® 2x Strategy Fund	Non-diversified
Inverse S&P 500® 2x Strategy Fund	Non-diversified
NASDAQ-100® 2x Strategy Fund	Non-diversified
Russell 2000® 2x Strategy Fund	Non-diversified
S&P 500® 2x Strategy Fund	Non-diversified

For information on the Funds' policy regarding valuation of investments and other significant accounting policies, please refer to the Funds' most recent semi-annual or annual shareholder report.

Significant Accounting Policies 

The Funds operate as investment companies and, accordingly, follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946 Financial Services – Investment Companies. 

The following significant accounting policies are in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) and are consistently followed by the Trust. This requires management to make estimates and assumptions that affect the reported amount of assets and liabilities, contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. All time references are based on Eastern Time.

(a) Valuation of Investments  

The Board of Trustees of the Funds (the “Board”) adopted policies and procedures for the valuation of the Funds’ investments (the “Valuation Procedures”). The SEC adopted Rule 2a-5 under the 1940 Act (“Rule 2a-5”) which establishes requirements for determining fair value in good faith and became effective September 8, 2022. Rule 2a-5 also defines “readily available market quotations” for purposes of the 1940 Act and establishes requirements for determining whether a fund must fair value a security in good faith.

Pursuant to Rule 2a-5, the Board has designated the Security Investors, LLC (the “Adviser”) as the valuation designee to perform fair valuation determinations for the Funds with respect to all Fund investments and/or other assets. As the Funds’ valuation designee pursuant to Rule 2a-5, the Adviser has adopted separate procedures (the “Valuation Designee Procedures”) reasonably designed to prevent violations of the requirements of Rule 2a-5 and Rule 31a-4. The Adviser, in its role as valuation designee, utilizes the assistance of a valuation committee, consisting of representatives from Guggenheim’s investment management, fund administration, legal and compliance departments (the “Valuation Committee”), in determining the fair value of the Funds’ securities and other assets.

Valuations of the Funds’ securities and other assets are supplied primarily by pricing services appointed pursuant to the processes set forth in the Valuation Procedures. The Adviser, with the assistance of the Valuation Committee, convenes monthly, or more frequently as needed, to review the valuation of all assets which have been fair valued for reasonableness. The Adviser, consistent with the monitoring and review responsibilities set forth in the Valuation Designee Procedures, regularly reviews the appropriateness of the inputs, methods, models and assumptions employed by the pricing services.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

If the pricing service cannot or does not provide a valuation for a particular investment or such valuation is deemed unreliable, the investment is fair valued by the Adviser.

Equity securities listed or traded on a recognized U.S. securities exchange or the National Association of Securities Dealers Automated Quotations (“NASDAQ”) National Market System shall generally be valued on the basis of the last sale price on the primary U.S. exchange or market on which the security is listed or traded; provided, however, that securities listed on NASDAQ will be valued at the NASDAQ official closing price, which may not necessarily represent the last sale price.

Open-end investment companies are valued at their net asset value (“NAV”) as of the close of business, on the valuation date. Exchange-traded funds and closed-end investment companies are generally valued at the last quoted sale price.

U.S. Government securities are valued by independent pricing services, the last traded fill price, or at the reported bid price at the close of business.

Commercial paper and discount notes with a maturity of greater than 60 days at acquisition are valued at prices that reflect broker-dealer supplied valuations or are obtained from independent pricing services, which may consider the trade activity, treasury spreads, yields or price of bonds of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities. Commercial paper and discount notes with a maturity of 60 days or less at acquisition are valued at amortized cost, unless the Adviser concludes that amortized cost does not represent the fair value of the applicable asset in which case it will be valued using an independent pricing service.

Repurchase agreements are generally valued at amortized cost, provided such amounts approximate market value.

The value of futures contracts are valued on the basis of the last sale price at the 4:00 p.m. price on the valuation date. In the event that the exchange for a specific futures contract closes earlier than 4:00 p.m., the futures contract is valued at the official settlement price of the exchange. However, the underlying securities from which the futures contract value is derived are monitored until 4:00 p.m. to determine if fair valuation would provide a more accurate valuation.

The value of swap agreements entered into by a Fund are generally valued using an evaluated price provided by a third party pricing vendor.

Investments for which market quotations are not readily available are fair valued as determined in good faith by the Adviser. Valuations in accordance with these methods are intended to reflect each security’s (or asset’s or liability’s) “fair value". Each such determination is based on a consideration of all relevant factors, which are likely to vary from one pricing context to another. Examples of such factors may include, but are not limited to market prices; sale prices; broker quotes; and models which derive prices based on inputs such as prices of securities with comparable maturities and characteristics, or based on inputs such as anticipated cash flows or collateral, spread over U.S. Treasury securities, and other information analysis.

In connection with futures contracts and other derivative investments, such factors may include obtaining information as to how (a) these contracts and other derivative investments trade in the futures or other derivative markets, respectively, and (b) the securities underlying these contracts and other derivative investments trade in the cash market.

Note 2 – Derivatives 

As part of their investment strategies, the Funds may utilize a variety of derivative instruments. These investments involve, to varying degrees, elements of market risk. Valuation and accounting treatment of these instruments can be found under Significant Accounting Policies in Note 1 of these Notes to Schedule of Investments.

Derivatives are instruments whose values depend on, or are derived from, in whole or in part, the value of one or more other assets, such as securities, currencies, commodities or indices. Derivative instruments may be used to increase investment flexibility (including to maintain cash reserves while maintaining exposure to certain other assets), for risk management (hedging) purposes, to facilitate trading, to reduce transaction costs and to pursue higher investment returns. Derivative instruments may also be used to mitigate certain investment risks, such as foreign currency exchange rate risk, interest rate risk and credit risk. U.S. GAAP requires disclosures to enable investors to better understand how and why a Fund uses derivative instruments, how these derivative instruments are accounted for and their effects on the Fund’s financial position and results of operations.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

The Funds may utilize derivatives for the following purposes:

Index Exposure: the use of an instrument to obtain exposure to a listed or other type of index.

Leverage: gaining total exposure to equities or other assets on the long and short sides at greater than 100% of invested capital.

Liquidity: the ability to buy or sell exposure with little price/market impact.

For any Fund whose investment strategy consistently involves applying leverage, the value of the Fund’s shares will tend to increase or decrease more than the value of any increase or decrease in the underlying index or other asset. In addition, because an investment in derivative instruments generally requires a small investment relative to the amount of investment exposure assumed, an opportunity for increased net income is created; but, at the same time, leverage risk will increase. The Fund’s use of leverage, through borrowings or instruments such as derivatives, may cause the Fund to be more volatile and riskier than if they had not been leveraged.

Futures Contracts 

 A futures contract is an agreement to purchase (long) or sell (short) an agreed amount of securities or other instruments at a set price for delivery at a future date. There are significant risks associated with a Fund's use of futures contracts, including (i) there may be an imperfect or no correlation between the changes in market value of the underlying asset and the prices of futures contracts; (ii) there may not be a liquid secondary market for a futures contract; (iii) trading restrictions or limitations may be imposed by an exchange; and (iv) government regulations may restrict trading in futures contracts. When investing in futures, there is minimal counterparty credit risk to a Fund because futures are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees against default. Securities held as collateral are noted on the Schedules of Investments.

Swap Agreements 

A swap is an agreement that obligates two parties to exchange a series of cash flows at specified intervals based upon or calculated by reference to changes in specified prices or rates for a specified amount of an underlying asset. When utilizing over-the-counter ("OTC") swaps, a Fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty or if the underlying asset declines in value. Certain standardized swaps are subject to mandatory central clearing and are executed on a multi-lateral or other trade facility platform, such as a registered exchange. There is limited counterparty credit risk with respect to centrally-cleared swaps as the transaction is facilitated through a central clearinghouse, much like exchange-traded futures contracts. For a Fund utilizing centrally-cleared swaps, the exchange bears the risk of loss resulting from a counterparty not being able to pay. There is no guarantee that a Fund or an underlying fund could eliminate its exposure under an outstanding swap agreement by entering into an offsetting swap agreement with the same or another party.

Total return swaps involve commitments where single or multiple cash flows are exchanged based on the price of an underlying reference asset (such as index or basket) or a fixed or variable interest rate. Index swaps will usually be computed based on the current index value as of the close of regular trading on the NYSE or other exchange, with the swap value being adjusted to include dividends accrued, financing charges and/or interest associated with the swap agreement. When utilizing a total return index swap the Fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty or if the underlying index declines in value.

In conjunction with the use of derivative instruments, the Funds are required to maintain collateral in various forms. Depending on the financial instrument utilized and the broker involved, the Funds use margin deposits at the broker, cash and/or securities segregated at the custodian bank, discount notes or repurchase agreements allocated to the Funds as collateral.

The Trust has established counterparty credit guidelines and enters into transactions only with financial institutions rated/identified as investment grade or better. The Trust monitors the counterparty credit risk associated with each such financial institution.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Note 3 – Fair Value Measurement   

In accordance with U.S. GAAP, fair value is defined as the price that the Funds would receive to sell an investment or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a three-tier fair value hierarchy based on the types of inputs used to value assets and liabilities and requires corresponding disclosure. The hierarchy and the corresponding inputs are summarized below:

Level 1 — unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2 — significant other observable inputs (for example quoted prices for securities that are similar based on characteristics such as interest rates, prepayment speeds, credit risk, etc.).

Level 3 — significant unobservable inputs based on the best information available under the circumstances, to the extent observable inputs are not available, which may include assumptions.

Rule 2a-5 sets forth a definition of “readily available market quotations,” which is consistent with the definition of a Level 1 input under U.S. GAAP. Rule 2a-5 provides that “a market quotation is readily available only when that quotation is a quoted price (unadjusted) in active markets for identical investments that the fund can access at the measurement date, provided that a quotation will not be readily available if it is not reliable.”

Securities for which market quotations are not readily available must be valued at fair value as determined in good faith. Accordingly, any security priced using inputs other than Level 1 inputs will be subject to fair value requirements. The types of inputs available depend on a variety of factors, such as the type of security and the characteristics of the markets in which it trades, if any. Fair valuation determinations that rely on fewer or no observable inputs require greater judgment. Accordingly, fair value determinations for Level 3 securities require the greatest amount of judgment.

The inputs or methodologies selected and applied for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The suitability, appropriateness and accuracy of the techniques, methodologies and sources employed to determine fair valuation are periodically reviewed and subject to change.

Note 4 – Repurchase Agreements 

The Funds transfer uninvested cash balances into a single joint account, the daily aggregate balance of which is invested in one or more repurchase agreements collateralized by obligations of the U.S. Treasury and U.S. government agencies.   The collateral is in the possession of the Funds’ custodian and is evaluated to ensure that its market value exceeds, at a minimum, 102% of the original face amount of the repurchase agreements. Each Fund holds a pro rata share of the collateral based on the dollar amount of the repurchase agreement entered into by each Fund.

At June 30, 2023, the repurchase agreements in the joint account were as follows:

Counterparty and Terms of Agreement	Face Value		Repurchase Price		Collateral	Par Value		Fair Value
J.P. Morgan Securities LLC					U.S. Treasury Notes
5.05%					0.38% - 4.63%
Due 07/03/23	$	68,007,495	$	68,036,115	Due  11/30/24 - 08/31/26	$	74,098,800	$	69,364,575
					U.S. Treasury Inflation Indexed Bond
					0.13%
					Due 10/15/24		2,837		2,736
					U.S. Treasury Bond
					0.00%
					Due 02/15/26		400		355
							74,102,037		69,367,666
Barclays Capital, Inc.					U.S. Treasury Inflation Indexed Bond
5.06%					0.13%
Due 07/03/23		29,919,870		29,932,486	Due 10/15/26		32,658,459		30,518,369
BofA Securities, Inc.					U.S. Treasury Inflation Indexed Bond
5.06%					1.63%
Due 07/03/23		27,199,882		27,211,351	Due 10/15/27		28,118,207		27,743,967

In the event of counterparty default, the Funds have the right to collect the collateral to offset losses incurred. There is potential loss to the Funds in the event the Funds are delayed or prevented from exercising their rights to dispose of the collateral securities, including the risk of a possible decline in the value of the underlying securities during the period while the Funds seek to assert their rights. GI, acting under the supervision of the Board, reviews the value of the collateral and the creditworthiness of those banks and dealers with which the Funds enter into repurchase agreements to evaluate potential risks.

Note 5 – Portfolio Securities Loaned 

The Funds may lend their securities to approved brokers to earn additional income. Security lending income is net of rebates paid to the borrowers and earnings on cash collateral investments shared with the lending agent. Within this arrangement, the Funds act as the lender, U.S. Bank acts as the lending agent, and other approved registered broker dealers act as the borrowers. The Funds receive cash collateral, valued at 102% of the value of the securities on loan. Under the terms of the Funds’ securities lending agreement with U.S. Bank, cash collateral and proceeds are invested in the First American Government Obligations Fund – Class X. The Funds bear the risk of loss on cash collateral investments. Collateral is maintained over the life of the loan in an amount not less than the value of loaned securities, as determined at the close of fund business each day; any additional collateral required due to changes in security values is delivered to the Funds the next business day. Although the collateral mitigates the risk, the Funds could experience a delay in recovering its securities and a possible loss of income or value if the borrower fails to return the securities. The Funds have the right under the securities lending agreement to recover the securities from the borrower on demand. Securities lending transactions are accounted for as secured borrowings. The remaining contractual maturity of the securities lending agreement is overnight and continuous.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

At June 30, 2023, the Funds participated in securities lending transactions, which are subject to enforceable netting arrangements, as follows:

Fund	Value of Securities Loaned		Collateral Received
NASDAQ-100® 2x Strategy Fund	$	1,857,056	$	1,869,665
Russell 2000® 2x Strategy Fund		269,520		274,770
S&P 500® 2x Strategy Fund		8,918		9,296

In the event of counterparty default, the Funds have the right to collect the collateral to offset losses incurred. There is potential loss to the Funds in the event the Funds are delayed or prevented from exercising their rights to dispose of the collateral securities, including the risk of a possible decline in the value of the underlying securities during the period while the Funds seek to assert their rights. GI, acting under the supervision of the Board, reviews the value of the collateral and the creditworthiness of those banks and dealers to evaluate potential risks.

Note 6 – Federal Income Tax Information 

The Funds intend to comply with the provisions of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and will distribute substantially all taxable net investment income and capital gains sufficient to relieve the Funds from all, or substantially all, or substantially all, federal income, excise and state income taxes. Therefore, no provision for federal or state income tax or federal excise tax is required.

Tax positions taken or expected to be taken in the course of preparing the Funds' tax returns are evaluated to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense in the current year. Management has analyzed the Funds' tax positions taken, or to be taken, on U.S. federal income tax returns for all open tax years, and has concluded that no provision for income tax is required in the Funds' financial statements. The Funds' U.S. federal income tax returns are subject to examination by the Internal Revenue Service ("IRS") for a period of three years after they are filed.

At June 30, 2023, the cost of investments for U.S. federal income tax purposes, the aggregate gross unrealized appreciation for all investments for which there was an excess of value over tax cost, and the aggregate gross unrealized depreciation for all investments for which there was an excess of tax cost over value, were as follows:

Fund	Tax Cost		Tax Unrealized Appreciation		Tax Unrealized Depreciation			Net Tax Unrealized Appreciation (Depreciation)
Dow 2x Strategy Fund	$	24,542,731	$	7,487,576	$	(14,175	)	$	7,473,401
Inverse Dow 2x Strategy Fund		5,120,411		188		(86,471	)		(86,283	)
Inverse NASDAQ-100® 2x Strategy Fund		21,487,617		15,103		(475,313	)		(460,210	)
Inverse Russell 2000® 2x Strategy Fund		8,532,086		172		(136,509	)		(136,337	)
Inverse S&P 500® 2x Strategy Fund		21,440,428		3,414		(758,450	)		(755,036	)
NASDAQ-100® 2x Strategy Fund		617,402,433		192,541,860		(130,256	)		192,411,604
Russell 2000® 2x Strategy Fund		38,716,147		2,739,776		(1,893,378	)		846,398
S&P 500® 2x Strategy Fund		152,164,369		6,331,293		(6,913	)		6,324,380

Note 7 – Market Risks 

The value of, or income generated by, the investments held by the Funds are subject to the possibility of rapid and unpredictable fluctuation, and loss that may result from various factors. These factors include, among others, developments affecting individual companies, or from broader influences, including real or perceived changes in prevailing interest rates (which have since risen and may continue to rise), changes in inflation rates or expectations about inflation rates (which are currently elevated relative to normal conditions), adverse investor confidence or sentiment, changing economic, political (including geopolitical), social or financial market conditions, increased instability or general uncertainty, environmental disasters, governmental actions, public health emergencies (such as the spread of infectious diseases, pandemics and epidemics), debt crises, actual or threatened wars or other armed conflicts (such as the current Russia-Ukraine conflict and its risk of expansion or collateral economic and other effects) or ratings downgrades, and other similar events, each of which may be temporary or last for extended periods. Moreover, changing economic, political, geopolitical, social, financial market or other conditions in one country or geographic region could adversely affect the value, yield and return of the investments held by the Funds in a different country or geographic region, economy, and market because of the increasingly interconnected global economies and financial markets. The duration and extent of the foregoing types of factors or conditions are highly uncertain and difficult to predict and have in the past, and may in the future, cause volatility and distress in economies and financial markets or other adverse circumstances, which may negatively affect the value of the Funds’ investments and performance of the Funds.

OTHER INFORMATION (Unaudited)

Sector Classification

Information in the Schedule of Investments is categorized by sectors using sector-level Classifications defined by the Bloomberg Industry Classification System, a widely recognized industry classification system provider. Each Fund’s registration statement has investment policies relating to concentration in specific sectors/industries. For purposes of these investment policies, the Funds usually classify sectors/industries based on industry-level Classifications used by widely recognized industry classification system providers such as Bloomberg Industry Classification System, Global Industry Classification Standards and Barclays Global Classification Scheme.