Short 7-10 Year Treasury

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 88.6%
REPURCHASE AGREEMENTS(a) - 29.6%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $25,027,166
(Cost $25,024,059)		25,024,059		25,024,059
U.S. TREASURY OBLIGATIONS(b) - 59.0%
U.S. Treasury Bills
4.25%, 3/30/2023(c) (Cost $49,831,236)		50,000,000		49,824,490
TOTAL SHORT-TERM INVESTMENTS (Cost $74,855,295)				74,848,549
Total Investments - 88.6% (Cost $74,855,295)				74,848,549
Other assets less liabilities - 11.4%				9,629,530
Net Assets - 100.0%				84,478,079

(a)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $599,880.
(c)	The rate shown was the current yield as of February 28, 2023.

Short 7-10 Year Treasury

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Futures Contracts Sold

Short 7-10 Year Treasury had the following open short futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
U.S. 10 Year Treasury Note Futures Contracts		20	6/21/2023	USD	$	2,233,438	$	5,276

Swap Agreements

Short 7-10 Year Treasury had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
(25,088,024	)	11/6/2023	Bank of America NA		(4.08	)%	ICE U.S. Treasury 7-10 Year Bond Index		(2,596,452	)
(30,568,676	)	3/20/2023	Citibank NA		(4.10	)%	ICE U.S. Treasury 7-10 Year Bond Index		1,808,381
(27,099,985	)	1/16/2024	Goldman Sachs International		(4.35	)%	ICE U.S. Treasury 7-10 Year Bond Index		409,215
(82,756,685	)								(378,856	)
							Total Unrealized Appreciation		2,217,596
							Total Unrealized Depreciation		(2,596,452	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

Short 20+ Year Treasury

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 112.0%
REPURCHASE AGREEMENTS(a) - 13.2%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $43,191,475
(Cost $43,186,116)		43,186,116		43,186,116
U.S. TREASURY OBLIGATIONS(b) - 98.8%
U.S. Treasury Bills
4.25%, 3/16/2023(c)		75,000,000		74,859,922
4.40%, 3/21/2023(c)		50,000,000		49,875,410
4.25%, 3/30/2023(c)		50,000,000		49,824,489
4.15%, 4/6/2023(c)		50,000,000		49,779,300
4.44%, 5/18/2023(c)		100,000,000		98,990,875
TOTAL U.S. TREASURY OBLIGATIONS (Cost $323,435,261)				323,329,996
TOTAL SHORT-TERM INVESTMENTS (Cost $366,621,377)				366,516,112
Total Investments - 112.0% (Cost $366,621,377)				366,516,112
Liabilities in excess of other assets - (12.0%)				(39,192,648	)
Net Assets - 100.0%				327,323,464

(a)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $56,496,597.
(c)	The rate shown was the current yield as of February 28, 2023.

Short 20+ Year Treasury

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Futures Contracts Sold

Short 20+ Year Treasury had the following open short futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
U.S. Long Bond Futures Contracts		41	6/21/2023	USD	$	5,144,219	$	33,235

Swap Agreements 

Short 20+ Year Treasury had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Depreciation ($)
(73,343,051	)	11/6/2023	Bank of America NA		(4.27	)%	ICE U.S. Treasury 20+ Year Bond Index		(16,176,370	)
(66,589,674	)	11/6/2023	Citibank NA		(4.12	)%	ICE U.S. Treasury 20+ Year Bond Index		(13,720,164	)
(73,750,758	)	1/16/2024	Goldman Sachs International		(4.15	)%	ICE U.S. Treasury 20+ Year Bond Index		(2,924,791	)
(44,235,420	)	12/7/2023	Morgan Stanley & Co. International plc		(4.40	)%	ICE U.S. Treasury 20+ Year Bond Index		(920,682	)
(66,579,189	)	11/6/2023	Societe Generale		(4.29	)%	ICE U.S. Treasury 20+ Year Bond Index		(9,313,665	)
(324,498,092	)								(43,055,672	)
							Total Unrealized Depreciation		(43,055,672	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

Short Dow30^SM

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 93.5%
REPURCHASE AGREEMENTS(a) - 20.8%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $56,838,319
(Cost $56,831,264)		56,831,264		56,831,264
U.S. TREASURY OBLIGATIONS(b) - 72.7%
U.S. Treasury Bills
4.07%, 3/7/2023(c)		25,000,000		24,981,624
4.14%, 3/9/2023(c)		25,000,000		24,975,090
4.15%, 4/6/2023(c)		25,000,000		24,889,650
4.34%, 5/18/2023(c)		25,000,000		24,747,719
4.75%, 5/25/2023(c)		75,000,000		74,180,105
4.58%, 6/15/2023(c)		25,000,000		24,655,481
TOTAL U.S. TREASURY OBLIGATIONS (Cost $198,466,605)				198,429,669
TOTAL SHORT-TERM INVESTMENTS (Cost $255,297,869)				255,260,933
Total Investments - 93.5% (Cost $255,297,869)				255,260,933
Other assets less liabilities - 6.5%				17,753,946
Net Assets - 100.0%				273,014,879

(a)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $16,431,344.
(c)	The rate shown was the current yield as of February 28, 2023.

Short Dow30^SM

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Sold

Short Dow30^SM had the following open short futures contracts as of February 28, 2023:  

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
DJIA CBOT E-Mini Index		116	3/17/2023	USD	$	18,955,560	$	709,868

Swap Agreements

Short Dow30^SM had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
(36,183,624	)	5/8/2023	Bank of America NA		(4.77	)%	Dow Jones Industrial AverageSM		1,329,704
(35,563,146	)	11/6/2023	Barclays Capital		(4.77	)%	Dow Jones Industrial AverageSM		(5,121,879	)
(94,671,773	)	5/8/2023	BNP Paribas SA		(4.87	)%	Dow Jones Industrial AverageSM		6,091,590
(16,850,857	)	4/10/2023	Citibank NA		(5.05	)%	Dow Jones Industrial AverageSM		(3,850,236	)
(14,303,635	)	3/7/2023	Goldman Sachs International		(4.92	)%	Dow Jones Industrial AverageSM		738,336
(24,133,302	)	3/7/2023	Societe Generale		(4.67	)%	Dow Jones Industrial AverageSM		(280,763	)
(32,261,619	)	3/7/2023	UBS AG		(4.42	)%	Dow Jones Industrial AverageSM		6,861,045
(253,967,956	)								5,767,797
							Total Unrealized Appreciation		15,020,675
							Total Unrealized Depreciation		(9,252,878	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

Short Financials

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 87.3%
REPURCHASE AGREEMENTS(a) - 87.3%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $23,685,365
(Cost $23,682,428)		23,682,428		23,682,428
Total Investments - 87.3% (Cost $23,682,428)				23,682,428
Other assets less liabilities - 12.7%				3,445,944
Net Assets - 100.0%				27,128,372

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

Short Financials had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(1,147,851	)	5/8/2023	Bank of America NA		(4.47	)%	Dow Jones U.S. FinancialsSM Indexc		53,959
	(5,104,080	)	5/8/2023	BNP Paribas SA		(4.77	)%	Dow Jones U.S. FinancialsSM Indexc		637,896
	(4,187,614	)	3/7/2023	Goldman Sachs International		(4.67	)%	Dow Jones U.S. FinancialsSM Indexc		(631,968	)
	(1,532,736	)	3/6/2024	Morgan Stanley & Co. International plc		(4.22	)%	Dow Jones U.S. FinancialsSM Indexc		(23,966	)
	(9,544,251	)	3/7/2023	Societe Generale		(4.67	)%	Dow Jones U.S. FinancialsSM Indexc		(1,731,835	)
	(5,594,072	)	3/7/2023	UBS AG		(4.67	)%	Dow Jones U.S. FinancialsSM Indexc		20,528
	(27,110,604	)								(1,675,386	)
								Total Unrealized Appreciation		712,383
								Total Unrealized Depreciation		(2,387,769	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

^c  See the Common Stocks section of the Schedule of Portfolio Investments of ProShares Ultra Financials for the components of the underlying reference instrument and their relative weightings.

Short FTSE China 50

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 65.3%
REPURCHASE AGREEMENTS(a) - 65.3%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $5,129,628
(Cost $5,128,991)		5,128,991		5,128,991
Total Investments - 65.3% (Cost $5,128,991)				5,128,991
Other assets less liabilities - 34.7%				2,728,686
Net Assets - 100.0%				7,857,677

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements^a

Short FTSE China 50 had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)		Termination Dateb	Counterparty	Rate Paid (Received)c			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
(1,622,604	)	4/10/2023	Bank of America NA		(3.07	)%	iShares® China Large-Cap ETF		(617,060	)
(925,643	)	4/10/2023	Citibank NA		(1.82	)%	iShares® China Large-Cap ETF		(78,248	)
(2,745,810	)	3/7/2023	Goldman Sachs International		(4.07	)%	iShares® China Large-Cap ETF		(393,245	)
(854,862	)	3/7/2023	Societe Generale		(2.92	)%	iShares® China Large-Cap ETF		909,017
(1,685,927	)	4/10/2023	UBS AG		(2.82	)%	iShares® China Large-Cap ETF		(4,781	)
(7,834,846	)								(184,317	)
							Total Unrealized Appreciation		909,017
							Total Unrealized Depreciation		(1,093,334	)

^a  In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.

^b  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^c  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Short High Yield

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 88.9%
REPURCHASE AGREEMENTS(a) - 10.8%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $30,817,172
(Cost $30,813,347)		30,813,347		30,813,347
U.S. TREASURY OBLIGATIONS - 78.1%
U.S. Treasury Bills
3.84%, 3/23/2023(b)		125,000,000		124,669,714
4.15%, 4/6/2023(b)		50,000,000		49,779,300
4.34%, 5/18/2023(b)		50,000,000		49,495,437
TOTAL U.S. TREASURY OBLIGATIONS (Cost $224,047,397)				223,944,451
TOTAL SHORT-TERM INVESTMENTS (Cost $254,860,744)				254,757,798
Total Investments - 88.9% (Cost $254,860,744)				254,757,798
Other assets less liabilities - 11.1%				31,664,834
Net Assets - 100.0%				286,422,632

(a)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b)	The rate shown was the current yield as of February 28, 2023.

Short High Yield

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Swap Agreements^a

Short High Yield had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)		Termination Dateb	Counterparty	Rate Paid (Received)c			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
(7,089,088	)	3/7/2024	BNP Paribas SA		(1.57	)%	iShares® iBoxx $ High Yield Corporate Bond ETF		(1,981,616	)
(264,466,785	)	4/10/2023	Citibank NA		(1.82	)%	iShares® iBoxx $ High Yield Corporate Bond ETF		(1,823,497	)
(8,647,748	)	3/7/2023	Goldman Sachs International		(0.32	)%	iShares® iBoxx $ High Yield Corporate Bond ETF		2,822,448
(5,702,568	)	3/6/2024	UBS AG		(1.57	)%	iShares® iBoxx $ High Yield Corporate Bond ETF		(341,463	)
(285,906,189	)								(1,324,128	)
							Total Unrealized Appreciation		2,822,448
							Total Unrealized Depreciation		(4,146,576	)

^a  In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.

^b  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^c  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Short MidCap400

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 91.2%
REPURCHASE AGREEMENTS(a) - 91.2%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $11,034,019
(Cost $11,032,651)		11,032,651		11,032,651
Total Investments - 91.2% (Cost $11,032,651)				11,032,651
Other assets less liabilities - 8.8%				1,064,161
Net Assets - 100.0%				12,096,812

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Short MidCap400

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Sold

Short MidCap400 had the following open short futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Depreciation
S&P Midcap 400 E-Mini Index		2	3/17/2023	USD	$	520,640	$	(39,206	)

Swap Agreements

Short MidCap400 had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
(3,607,365	)	5/8/2023	Bank of America NA		(4.67	)%	S&P MidCap 400®		(162,261	)
(3,035,180	)	5/8/2023	BNP Paribas SA		(4.72	)%	S&P MidCap 400®		(12,047	)
(1,409,655	)	4/10/2023	Citibank NA		(4.77	)%	S&P MidCap 400®		175,642
(1,316,025	)	3/6/2024	Morgan Stanley & Co. International plc		(4.37	)%	S&P MidCap 400®		(78,611	)
(2,205,513	)	3/7/2023	Societe Generale		(4.30	)%	S&P MidCap 400®		(38,667	)
(11,573,738	)								(115,944	)
							Total Unrealized Appreciation		175,642
							Total Unrealized Depreciation		(291,586	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

Short MSCI EAFE

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 92.4%
REPURCHASE AGREEMENTS(a) - 92.4%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $68,309,094
(Cost $68,300,618)		68,300,618		68,300,618
Total Investments - 92.4% (Cost $68,300,618)				68,300,618
Other assets less liabilities - 7.6%				5,608,116
Net Assets - 100.0%				73,908,734

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements^a

Short MSCI EAFE had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)		Termination Dateb	Counterparty	Rate Paid (Received)c			Reference Instrument	Value and Unrealized Depreciation ($)
(18,406,235	)	4/10/2023	Citibank NA		(4.17	)%	iShares® MSCI EAFE ETF		(5,625,476	)
(20,271,454	)	3/7/2023	Goldman Sachs International		(4.62	)%	iShares® MSCI EAFE ETF		(3,952,047	)
(14,459,098	)	3/7/2023	Societe Generale		(3.77	)%	iShares® MSCI EAFE ETF		(3,470,638	)
(20,739,420	)	3/7/2023	UBS AG		(4.17	)%	iShares® MSCI EAFE ETF		(1,892,250	)
(73,876,207	)								(14,940,411	)
							Total Unrealized Depreciation		(14,940,411	)

^a  In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.

^b  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^c  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Short MSCI Emerging Markets

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 77.7%
REPURCHASE AGREEMENTS(a) - 77.7%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $26,026,943
(Cost $26,023,712)		26,023,712		26,023,712
Total Investments - 77.7% (Cost $26,023,712)				26,023,712
Other assets less liabilities - 22.3%				7,472,053
Net Assets - 100.0%				33,495,765

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements^a

Short MSCI Emerging Markets had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)		Termination Dateb	Counterparty	Rate Paid (Received)c			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
(6,669,834	)	5/8/2023	Bank of America NA		(3.77	)%	iShares® MSCI Emerging Markets ETF		777,678
(4,897,478	)	4/10/2023	Citibank NA		(4.02	)%	iShares® MSCI Emerging Markets ETF		1,313,539
(5,258,926	)	4/10/2024	Goldman Sachs International		(4.07	)%	iShares® MSCI Emerging Markets ETF		298,604
(452,537	)	4/10/2023	Morgan Stanley & Co. International plc		(4.02	)%	iShares® MSCI Emerging Markets ETF		141,126
(9,186,404	)	3/7/2023	Societe Generale		(2.87	)%	iShares® MSCI Emerging Markets ETF		(1,029,830	)
(6,986,706	)	4/10/2024	UBS AG		(3.47	)%	iShares® MSCI Emerging Markets ETF		(1,195,199	)
(33,451,885	)								305,918
							Total Unrealized Appreciation		2,530,947
							Total Unrealized Depreciation		(2,225,029	)

^a  In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.

^b  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^c  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Short QQQ

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 99.5%
REPURCHASE AGREEMENTS(a) - 16.9%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $273,122,052
(Cost $273,088,154)		273,088,154		273,088,154
U.S. TREASURY OBLIGATIONS(b) - 82.6%
U.S. Treasury Bills
4.41%, 3/2/2023(c)		75,000,000		74,990,899
4.07%, 3/7/2023(c)		50,000,000		49,963,248
4.14%, 3/9/2023(c)		50,000,000		49,950,180
3.68%, 3/16/2023(c)		100,000,000		99,813,229
4.40%, 3/21/2023(c)		50,000,000		49,875,410
3.84%, 3/23/2023(c)		100,000,000		99,735,771
4.25%, 3/30/2023(c)		50,000,000		49,824,490
4.15%, 4/6/2023(c)		75,000,000		74,668,950
4.56%, 4/13/2023(c)		75,000,000		74,600,346
4.54%, 4/20/2023(c)		75,000,000		74,522,500
4.61%, 5/2/2023(c)		75,000,000		74,398,826
4.42%, 5/18/2023(c)		125,000,000		123,738,594
4.61%, 5/25/2023(c)		50,000,000		49,453,403
4.82%, 6/13/2023(c)		25,000,000		24,656,583
4.58%, 6/15/2023(c)		75,000,000		73,966,444
4.72%, 6/22/2023(c)		50,000,000		49,262,754
4.90%, 6/27/2023(c)		50,000,000		49,210,466
4.72%, 7/20/2023(c)		75,000,000		73,605,716
4.88%, 8/3/2023(c)		50,000,000		48,973,986
4.84%, 8/10/2023(c)		50,000,000		48,919,156
4.68%, 9/7/2023(c)		25,000,000		24,385,930
TOTAL U.S. TREASURY OBLIGATIONS (Cost $1,338,861,807)				1,338,516,881
TOTAL SHORT-TERM INVESTMENTS (Cost $1,611,949,961)				1,611,605,035
Total Investments - 99.5% (Cost $1,611,949,961)				1,611,605,035
Other assets less liabilities - 0.5%				7,453,137
Net Assets - 100.0%				1,619,058,172

(a)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $160,168,796.
(c)	The rate shown was the current yield as of February 28, 2023.

Short QQQ

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Futures Contracts Sold

Short QQQ had the following open short futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
NASDAQ 100 E-Mini Index		154	3/17/2023	USD	$	37,182,530	$	437,845

Swap Agreements

Short QQQ had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
(99,528,122	)	5/8/2023	Bank of America NA		(4.87	)%	NASDAQ-100 Index®		17,777,307
(170,191,282	)	11/6/2023	Barclays Capital		(4.77	)%	NASDAQ-100 Index®		(33,378,946	)
(197,129,504	)	11/6/2023	BNP Paribas SA		(4.92	)%	NASDAQ-100 Index®		(14,527,129	)
(198,851,528	)	11/6/2023	Citibank NA		(5.05	)%	NASDAQ-100 Index®		(24,411,864	)
(57,296,407	)	3/7/2023	Goldman Sachs International		(4.92	)%	NASDAQ-100 Index®		32,506,962
(275,499,621	)	5/8/2023	J.P. Morgan Securities		(4.72	)%	NASDAQ-100 Index®		22,084,803
(92,904,956	)	3/6/2024	Morgan Stanley & Co. International plc		(4.37	)%	NASDAQ-100 Index®		(13,007,662	)
(282,002,366	)	3/7/2023	Societe Generale		(5.12	)%	NASDAQ-100 Index®		(13,242,150	)
(208,457,864	)	3/7/2023	UBS AG		(4.72	)%	NASDAQ-100 Index®		25,961,343
(1,581,861,650	)								(237,336	)
							Total Unrealized Appreciation		98,330,415
							Total Unrealized Depreciation		(98,567,751	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

Short Real Estate

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 86.9%
REPURCHASE AGREEMENTS(a) - 86.9%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $34,336,240
(Cost $34,331,978)		34,331,978		34,331,978
Total Investments - 86.9% (Cost $34,331,978)				34,331,978
Other assets less liabilities - 13.1%				5,161,717
Net Assets - 100.0%				39,493,695

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements  

Short Real Estate had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(15,171,223	)	5/8/2023	Bank of America NA		(4.92	)%	Dow Jones U.S. Real EstateSM Index		(280,978	)
	(10,283,988	)	5/8/2023	BNP Paribas SA		(4.77	)%	Dow Jones U.S. Real EstateSM Index		798,710
	(2,430,263	)	3/6/2024	Morgan Stanley & Co. International plc		(4.22	)%	Dow Jones U.S. Real EstateSM Index		(53,133	)
	(3,225,136	)	3/7/2023	Societe Generale		(4.62	)%	Dow Jones U.S. Real EstateSM Index		845,845
	(8,288,183	)	3/7/2023	UBS AG		(4.32	)%	Dow Jones U.S. Real EstateSM Index		(2,475,189	)
	(39,398,793	)								(1,164,745	)
								Total Unrealized Appreciation		1,644,555
								Total Unrealized Depreciation		(2,809,300	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Short Russell2000  

Schedule of Portfolio Investments  

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 95.0%
REPURCHASE AGREEMENTS(a) - 22.7%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $101,381,324
(Cost $101,368,743)		101,368,743		101,368,743
U.S. TREASURY OBLIGATIONS(b) - 72.3%
U.S. Treasury Bills
3.84%, 3/23/2023(c)		175,000,000		174,537,600
4.15%, 4/6/2023(c)		75,000,000		74,668,950
4.34%, 5/18/2023(c)		75,000,000		74,243,156
TOTAL U.S. TREASURY OBLIGATIONS (Cost $323,599,894)				323,449,706
TOTAL SHORT-TERM INVESTMENTS (Cost $424,968,637)				424,818,449
Total Investments - 95.0% (Cost $424,968,637)				424,818,449
Other assets less liabilities - 5.0%				22,592,767
Net Assets - 100.0%				447,411,216

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

(b) All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $49,178,800.

(c) The rate shown was the current yield as of February 28, 2023.

Short Russell2000  

Schedule of Portfolio Investments  

February 28, 2023 (Unaudited)

Futures Contracts Sold

Short Russell2000 had the following open short futures contracts as of February 28, 2023:  

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
Russell 2000 E-Mini Index		190	3/17/2023	USD	$	18,041,450	$	226,565

Swap Agreements

Short Russell2000 had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(54,289,957	)	3/6/2024	Bank of America NA		(3.92	)%	Russell 2000® Index		(6,813,097	)
	(22,959,270	)	11/6/2023	Barclays Capital		(4.67	)%	Russell 2000® Index		(2,873,281	)
	(33,903,005	)	5/8/2023	BNP Paribas SA		(4.42	)%	Russell 2000® Index		6,941,463
	(159,521,683	)	4/10/2023	Citibank NA		(4.38	)%	Russell 2000® Index		(7,310,036	)
	(46,044,561	)	3/7/2023	Goldman Sachs International		(4.57	)%	Russell 2000® Index		23,126,525
	(18,131,430	)	3/6/2024	Morgan Stanley & Co. International plc		(4.27	)%	Russell 2000® Index		(848,537	)
	(29,042,917	)	3/7/2023	Societe Generale		(4.22	)%	Russell 2000® Index		(7,907,752	)
	(65,468,276	)	3/7/2023	UBS AG		(4.07	)%	Russell 2000® Index		(944,243	)
	(429,361,099	)								3,371,042
								Total Unrealized Appreciation		30,067,988
								Total Unrealized Depreciation		(26,696,946	)

a	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
b	Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

Short S&P500^®

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 99.8%
REPURCHASE AGREEMENTS(a) - 12.7%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $335,738,919
(Cost $335,697,248)		335,697,248		335,697,248
U.S. TREASURY OBLIGATIONS(b) - 87.1%
U.S. Treasury Bills
4.41%, 3/2/2023(c)		50,000,000		49,993,933
4.07%, 3/7/2023(c)		175,000,000		174,871,368
4.14%, 3/9/2023(c)		150,000,000		149,850,541
3.68%, 3/16/2023(c)		200,000,000		199,626,458
3.84%, 3/23/2023(c)		100,000,000		99,735,771
4.50%, 3/28/2023(c)		100,000,000		99,661,550
4.56%, 4/13/2023(c)		75,000,000		74,600,346
4.52%, 4/18/2023(c)		50,000,000		49,693,417
4.54%, 4/20/2023(c)		250,000,000		248,408,332
4.61%, 5/2/2023(c)		75,000,000		74,398,826
4.58%, 5/11/2023(c)		150,000,000		148,623,636
4.64%, 5/25/2023(c)		200,000,000		197,813,612
4.82%, 6/13/2023(c)		50,000,000		49,313,167
4.63%, 6/15/2023(c)		175,000,000		172,588,370
4.84%, 6/20/2023(c)		50,000,000		49,264,625
4.72%, 6/22/2023(c)		50,000,000		49,262,754
4.90%, 6/27/2023(c)		50,000,000		49,210,466
4.72%, 7/13/2023(c)		50,000,000		49,116,903
4.72%, 7/20/2023(c)		100,000,000		98,140,954
4.88%, 8/3/2023(c)		75,000,000		73,460,979
4.84%, 8/10/2023(c)		50,000,000		48,919,156
5.03%, 8/24/2023(c)		50,000,000		48,805,685
4.68%, 9/7/2023(c)		50,000,000		48,771,861
TOTAL U.S. TREASURY OBLIGATIONS (Cost $2,304,550,482)				2,304,132,710
TOTAL SHORT-TERM INVESTMENTS (Cost $2,640,247,730)				2,639,829,958
Total Investments - 99.8%  (Cost $2,640,247,730)				2,639,829,958
Other assets less liabilities - 0.2%				5,056,451
Net Assets - 100.0%				2,644,886,409

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

(b) All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $235,606,801.

(c) The rate shown was the current yield as of February 28, 2023.

Short S&P500^®

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Sold

Short S&P500^® had the following open short futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
S&P 500 E-Mini Index		651	3/17/2023	USD	$	129,402,525	$	2,193,798

Swap Agreements  

Short S&P500^® had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(274,523,962	)	11/6/2023	Bank of America NA		(4.62	)%	S&P 500®		(44,886,216	)
	(416,881,631	)	5/8/2023	BNP Paribas SA		(4.87	)%	S&P 500®		16,138,456
	(304,069,818	)	4/10/2023	Citibank NA		(5.05	)%	S&P 500®		13,245,983
	(431,074,917	)	3/7/2023	Goldman Sachs International		(4.92	)%	S&P 500®		33,862,580
	(354,522,485	)	5/8/2023	J.P. Morgan Securities		(4.72	)%	S&P 500®		3,159,681
	(173,523,346	)	3/6/2024	Morgan Stanley & Co. International plc		(4.37	)%	S&P 500®		(5,191,483	)
	(353,347,320	)	3/7/2023	Societe Generale		(4.77	)%	S&P 500®		22,778,678
	(207,550,342	)	3/7/2023	UBS AG		(4.72	)%	S&P 500®		(3,771,563	)
	(2,515,493,821	)								35,336,116
								Total Unrealized Appreciation		89,185,378
								Total Unrealized Depreciation		(53,849,262	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

Short SmallCap600

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 90.3%
REPURCHASE AGREEMENTS(a) - 90.3%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $12,007,574
(Cost $12,006,083)		12,006,083		12,006,083
Total Investments - 90.3% (Cost $12,006,083)				12,006,083
Other assets less liabilities - 9.7%				1,290,236
Net Assets - 100.0%				13,296,319

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

Short SmallCap600 had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(2,389,777	)	3/6/2024	Bank of America NA		(4.57	)%	S&P SmallCap 600®		(48,630	)
	(3,706,466	)	4/10/2023	Citibank NA		(4.72	)%	S&P SmallCap 600®		135,575
	(2,845,746	)	3/6/2024	Morgan Stanley & Co. International plc		(4.22	)%	S&P SmallCap 600®		(196,150	)
	(2,363,543	)	3/7/2023	Societe Generale		(4.22	)%	S&P SmallCap 600®		(71,065	)
	(1,990,023	)	3/6/2024	UBS AG		(4.42	)%	S&P SmallCap 600®		(102,866	)
	(13,295,555	)								(283,136	)
								Total Unrealized Appreciation		135,575
								Total Unrealized Depreciation		(418,711	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Ultra 7-10 Year Treasury

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 97.4%
REPURCHASE AGREEMENTS(a) - 97.4%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $9,325,044
(Cost $9,323,885)		9,323,885		9,323,885
Total Investments - 97.4% (Cost $9,323,885)				9,323,885
Other assets less liabilities - 2.6%				246,502
Net Assets - 100.0%				9,570,387

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Ultra 7-10 Year Treasury

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Purchased

Ultra 7-10 Year Treasury had the following open long futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Depreciation
U.S. Treasury 10 Year Note		2	6/21/2023	USD	$	223,344	$	(597	)

Swap Agreements

Ultra 7-10 Year Treasury had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	6,521,085	11/6/2023	Bank of America NA		4.08	%	ICE U.S. Treasury 7-10 Year Bond Index		16,079
	4,862,481	11/6/2023	Citibank NA		4.42	%	ICE U.S. Treasury 7-10 Year Bond Index		(957,387	)
	7,571,389	11/6/2023	Goldman Sachs International		4.35	%	ICE U.S. Treasury 7-10 Year Bond Index		(2,766,260	)
	18,954,955								(3,707,568	)
							Total Unrealized Appreciation		16,079
							Total Unrealized Depreciation		(3,723,647	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

Ultra 20+ Year Treasury

Schedule of Portfolio Investments 

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 92.7%
REPURCHASE AGREEMENTS(a) - 92.7%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $41,577,839
(Cost $41,572,675)		41,572,675		41,572,675
Total Investments - 92.7% (Cost $41,572,675)				41,572,675
Other assets less liabilities - 7.3%				3,260,863
Net Assets - 100.0%				44,833,538

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Ultra 20+ Year Treasury

Schedule of Portfolio Investments 

February 28, 2023 (Unaudited)

Futures Contracts Purchased

Ultra 20+ Year Treasury had the following open long futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Depreciation
U.S. Treasury Long Bond		12	6/21/2023	USD	$	1,505,625	$	(10,898	)

Swap Agreements

Ultra 20+ Year Treasury had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	17,353,067	2/20/2024	Bank of America NA		4.27	%	ICE U.S. Treasury 20+ Year Bond Index		1,321,864
	19,229,884	3/20/2023	Citibank NA		4.49	%	ICE U.S. Treasury 20+ Year Bond Index		528,865
	21,368,022	1/16/2024	Goldman Sachs International		4.15	%	ICE U.S. Treasury 20+ Year Bond Index		(1,896,152	)
	30,379,613	2/20/2024	Societe Generale		4.71	%	ICE U.S. Treasury 20+ Year Bond Index		293,689
	88,330,586								248,266
							Total Unrealized Appreciation		2,144,418
							Total Unrealized Depreciation		(1,896,152	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

Ultra Basic Materials

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 78.4%
Chemicals - 58.7%
Air Products and Chemicals, Inc.		10,193		2,914,994
Albemarle Corp.		5,384		1,369,205
Ashland, Inc.		2,288		232,873
Axalta Coating Systems Ltd.*		10,139		302,142
Celanese Corp.		4,585		532,915
CF Industries Holdings, Inc.		9,016		774,384
Chemours Co. (The)		6,936		237,072
Corteva, Inc.		32,836		2,045,354
Dow, Inc.		32,344		1,850,077
DuPont de Nemours, Inc.		22,831		1,667,348
Eastman Chemical Co.		5,514		469,793
Ecolab, Inc.		11,389		1,815,065
Element Solutions, Inc.		10,347		212,527
FMC Corp.		5,790		747,779
Ginkgo Bioworks Holdings, Inc.*(b)		40,833		60,025
Huntsman Corp.		8,298		243,463
International Flavors & Fragrances, Inc.		11,718		1,092,118
Linde plc		22,721		7,915,315
LyondellBasell Industries NV, Class A		11,672		1,120,395
Mosaic Co. (The)		15,647		832,264
NewMarket Corp.		313		107,515
Olin Corp.		5,854		338,068
PPG Industries, Inc.		10,802		1,426,512
RPM International, Inc.		5,934		525,930
Scotts Miracle-Gro Co. (The)		1,858		153,285
Valvoline, Inc.		8,134		286,317
Westlake Corp.		1,583		188,599
				29,461,334
Metals & Mining - 19.7%
Alcoa Corp.		8,131		397,931
Cleveland-Cliffs, Inc.*		23,682		505,137
Commercial Metals Co.		5,393		279,088
Freeport-McMoRan, Inc.		65,690		2,691,319
MP Materials Corp.*		4,243		148,505
Newmont Corp.		36,479		1,590,849
Nucor Corp.		11,791		1,974,285
Reliance Steel & Aluminum Co.		2,697		668,425
Royal Gold, Inc.		3,018		358,508
Steel Dynamics, Inc.		7,665		966,633
United States Steel Corp.		10,766		329,763
				9,910,443
TOTAL COMMON STOCKS (Cost $40,088,327)				39,371,777
SECURITIES LENDING REINVESTMENTS(c) - 0.1%
INVESTMENT COMPANIES - 0.1%
BlackRock Liquidity FedFund, Institutional Class 4.42% (Cost $34,500)		34,500		34,500

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 9.8%
REPURCHASE AGREEMENTS(d) - 9.8%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $4,945,368
(Cost $4,944,756)		4,944,756		4,944,756
Total Investments - 88.3% (Cost $45,067,583)				44,351,033
Other assets less liabilities - 11.7%				5,894,885
Net Assets - 100.0%				50,245,918

Ultra Basic Materials

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

* Non-income producing security.

(a) All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $4,167,698.

(b) The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $33,908, collateralized in the form of cash with a value of $34,500 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Portfolio Investments and $101 of collateral in the form of U.S. Government Treasury Securities, interest rate 3.00%, and maturity date August 15, 2052. The total value of collateral is $34,601.

(c) The security was purchased with cash collateral held from securities on loan at February 28, 2023. The total value of securities purchased was $34,500.

(d) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

Ultra Basic Materials had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	7,873,254	5/8/2023	Bank of America NA		4.92	%	Dow Jones U.S. Basic MaterialsSM Index		(1,048,518	)
	11,092,454	3/7/2023	Goldman Sachs International		5.17	%	Dow Jones U.S. Basic MaterialsSM Index		(820,162	)
	207,456	3/6/2024	Morgan Stanley & Co. International plc		5.17	%	Dow Jones U.S. Basic MaterialsSM Index		9,774
	25,265,430	3/7/2023	Societe Generale		5.12	%	Dow Jones U.S. Basic MaterialsSM Index		(1,434,058	)
	16,764,216	3/7/2023	UBS AG		4.92	%	Dow Jones U.S. Basic MaterialsSM Index		(2,753,019	)
	61,202,810								(6,045,983	)
							Total Unrealized Appreciation		9,774
							Total Unrealized Depreciation		(6,055,757	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Ultra Consumer Goods

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 74.4%
Auto Components - 1.7%
Aptiv plc*		582		67,675
Autoliv, Inc.		167		15,461
BorgWarner, Inc.		503		25,291
Fox Factory Holding Corp.*		91		10,692
Gentex Corp.		504		14,389
Lear Corp.		127		17,736
QuantumScape Corp.*(b)		598		5,723
				156,967
Automobiles - 16.1%
Ford Motor Co.		8,488		102,450
General Motors Co.		3,053		118,273
Harley-Davidson, Inc.		286		13,599
Lucid Group, Inc.*(b)		1,264		11,541
Rivian Automotive, Inc., Class A*		1,177		22,716
Tesla, Inc.*		5,768		1,186,535
Thor Industries, Inc.		115		10,464
				1,465,578
Beverages - 14.3%
Boston Beer Co., Inc. (The), Class A*		20		6,476
Brown-Forman Corp., Class B		393		25,494
Celsius Holdings, Inc.*		87		7,900
Coca-Cola Co. (The)		8,364		497,742
Constellation Brands, Inc., Class A		349		78,071
Keurig Dr Pepper, Inc.		1,826		63,088
Molson Coors Beverage Co., Class B		404		21,489
Monster Beverage Corp.*		818		83,240
National Beverage Corp.*		50		2,332
PepsiCo, Inc.		2,961		513,822
				1,299,654
Distributors - 0.9%
Genuine Parts Co.		303		53,589
Pool Corp.		84		29,976
				83,565
Entertainment - 2.7%
Activision Blizzard, Inc.		1,530		116,663
Electronic Arts, Inc.		564		62,570
Playtika Holding Corp.*		194		1,862
ROBLOX Corp., Class A*		779		28,543
Take-Two Interactive Software, Inc.*		339		37,137
				246,775
Food & Staples Retailing - 0.4%
Performance Food Group Co.*		335		18,958
US Foods Holding Corp.*		440		16,513
				35,471
Food Products - 9.9%
Archer-Daniels-Midland Co.		1,181		94,008
Bunge Ltd.		322		30,751
Campbell Soup Co.		432		22,689
Conagra Brands, Inc.		1,030		37,502
Darling Ingredients, Inc.*		344		21,765
Flowers Foods, Inc.		413		11,515
General Mills, Inc.		1,276		101,455
Hershey Co. (The)		316		75,309
Hormel Foods Corp.		622		27,604
Ingredion, Inc.		141		14,015
J M Smucker Co. (The)		229		33,867
Kellogg Co.		550		36,267
Kraft Heinz Co. (The)		1,711		66,626
Lamb Weston Holdings, Inc.		309		31,098
Lancaster Colony Corp.		43		8,255
McCormick & Co., Inc. (Non-Voting)		539		40,059
Mondelez International, Inc., Class A		2,935		191,303
Pilgrim’s Pride Corp.*		97		2,269
Post Holdings, Inc.*		117		10,525
Seaboard Corp.		1		3,950
Tyson Foods, Inc., Class A		622		36,847
				897,679
Household Durables - 3.0%
DR Horton, Inc.		673		62,239
Helen of Troy Ltd.*		52		5,860
Leggett & Platt, Inc.		285		9,830
Lennar Corp., Class A		548		53,013
Lennar Corp., Class B		31		2,531
Mohawk Industries, Inc.*		113		11,622
Newell Brands, Inc.		809		11,884
NVR, Inc.*		6		31,042
PulteGroup, Inc.		490		26,788
Tempur Sealy International, Inc.		367		15,686
Toll Brothers, Inc.		226		13,546
TopBuild Corp.*		69		14,324
Whirlpool Corp.		117		16,144
				274,509
Household Products - 11.1%
Church & Dwight Co., Inc.		524		43,901
Clorox Co. (The)		265		41,192
Colgate-Palmolive Co.		1,795		131,573
Kimberly-Clark Corp.		725		90,661
Procter & Gamble Co. (The)		5,092		700,456
Reynolds Consumer Products, Inc.		117		3,210
				1,010,993
Leisure Products - 0.9%
Brunswick Corp.		156		13,637
Hasbro, Inc.		279		15,348
Mattel, Inc.*		762		13,708
Peloton Interactive, Inc., Class A*		674		8,708
Polaris, Inc.		117		13,309
Topgolf Callaway Brands Corp.*		298		6,908
YETI Holdings, Inc.*		185		7,211
				78,829
Machinery - 0.3%
Stanley Black & Decker, Inc.		319		27,310
Personal Products - 1.5%
Coty, Inc., Class A*		786		8,882
Estee Lauder Cos., Inc. (The), Class A		497		120,796
Olaplex Holdings, Inc.*		181		890
				130,568
Textiles, Apparel & Luxury Goods - 6.1%
Capri Holdings Ltd.*		277		13,731
Carter’s, Inc.		82		6,182
Columbia Sportswear Co.		76		6,627
Crocs, Inc.*		133		16,187
Deckers Outdoor Corp.*		57		23,732
Hanesbrands, Inc.		750		4,260
Levi Strauss & Co., Class A		208		3,732
Lululemon Athletica, Inc.*		249		76,991

Ultra Consumer Goods

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
NIKE, Inc., Class B		2,708		321,683
PVH Corp.		140		11,234
Ralph Lauren Corp.		88		10,401
Skechers USA, Inc., Class A*		288		12,819
Tapestry, Inc.		518		22,538
Under Armour, Inc., Class A*		405		4,022
Under Armour, Inc., Class C*		423		3,722
VF Corp.		710		17,622
				555,483
Tobacco - 5.5%
Altria Group, Inc.		3,853		178,895
Philip Morris International, Inc.		3,331		324,106
				503,001
TOTAL COMMON STOCKS (Cost $7,972,739)				6,766,382
SECURITIES LENDING REINVESTMENTS(c) - 0.2%
INVESTMENT COMPANIES - 0.2%
BlackRock Liquidity FedFund, Institutional Class 4.42% (Cost $13,948)		13,948		13,948

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 32.2%
REPURCHASE AGREEMENTS(d) - 32.2%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $2,931,039
(Cost $2,930,677)		2,930,677		2,930,677
Total Investments - 106.8% (Cost $10,917,364)				9,711,007
Liabilities in excess of other assets - (6.8%)				(615,124	)
Net Assets - 100.0%				9,095,883

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $2,105,856.
(b)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $15,530, collateralized in the form of cash with a value of $13,948 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Portfolio Investments and $1,384 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.13% – 4.75%, and maturity dates ranging from May 15, 2024 – August 15, 2051. The total value of collateral is $15,332. The market value of the loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund, or excess collateral returned by the Fund, on the next business day.
(c)	The security was purchased with cash collateral held from securities on loan at February 28, 2023. The total value of securities purchased was $13,948.
(d)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Ultra Consumer Goods

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Swap Agreements

Ultra Consumer Goods had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	804,158	3/6/2024	Bank of America NA		4.82	%	Dow Jones U.S. Consumer GoodsSM Index		(51,227	)
	407,816	3/7/2023	Goldman Sachs International		5.17	%	Dow Jones U.S. Consumer GoodsSM Index		(508,797	)
	1,041,641	3/6/2024	Morgan Stanley & Co. International plc		5.17	%	Dow Jones U.S. Consumer GoodsSM Index		19,379
	2,780,489	3/7/2023	Societe Generale		5.12	%	Dow Jones U.S. Consumer GoodsSM Index		(773,390	)
	6,446,666	3/6/2024	UBS AG		4.92	%	Dow Jones U.S. Consumer GoodsSM Index		(135,057	)
	11,480,770								(1,449,092	)
							Total Unrealized Appreciation		19,379
							Total Unrealized Depreciation		(1,468,471	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Ultra Consumer Services

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 75.3%
Airlines - 1.4%
Alaska Air Group, Inc.*		266		12,723
American Airlines Group, Inc.*		1,364		21,797
Delta Air Lines, Inc.*		1,346		51,605
JetBlue Airways Corp.*		679		5,636
Joby Aviation, Inc.*(b)		614		2,886
Southwest Airlines Co.		1,247		41,874
United Airlines Holdings, Inc.*		687		35,696
				172,217
Commercial Services & Supplies - 0.8%
Copart, Inc.*		899		63,343
IAA, Inc.*		282		11,537
Rollins, Inc.		486		17,107
				91,987
Distributors - 0.3%
LKQ Corp.		533		30,536
Diversified Consumer Services - 0.5%
ADT, Inc.		450		3,393
Bright Horizons Family Solutions, Inc.*		122		9,618
Chegg, Inc.*		263		4,179
Grand Canyon Education, Inc.*		64		7,251
H&R Block, Inc.		325		11,960
Service Corp. International		322		21,745
				58,146
Entertainment - 7.2%
AMC Entertainment Holdings, Inc., Class A*(b)		1,083		7,733
Endeavor Group Holdings, Inc., Class A*		363		8,098
Liberty Media Corp.-Liberty Braves, Class A*		20		685
Liberty Media Corp.-Liberty Braves, Class C*		78		2,611
Liberty Media Corp.-Liberty Formula One, Class A*		51		3,099
Liberty Media Corp.-Liberty Formula One, Class C*		433		29,388
Live Nation Entertainment, Inc.*		300		21,618
Madison Square Garden Sports Corp., Class A		38		7,263
Netflix, Inc.*		934		300,869
Roku, Inc.*		255		16,496
Walt Disney Co. (The)*		3,827		381,207
Warner Bros Discovery, Inc.*		4,637		72,430
Warner Music Group Corp., Class A		243		7,669
World Wrestling Entertainment, Inc., Class A		92		7,728
				866,894
Food & Staples Retailing - 9.3%
Albertsons Cos., Inc., Class A		335		6,660
BJ’s Wholesale Club Holdings, Inc.*		283		20,319
Casey’s General Stores, Inc.		78		16,220
Costco Wholesale Corp.		928		449,319
Kroger Co. (The)		1,368		59,016
Sprouts Farmers Market, Inc.*		222		6,724
Sysco Corp.		1,065		79,417
Walgreens Boots Alliance, Inc.		1,507		53,544
Walmart, Inc.		2,962		420,989
				1,112,208
Health Care Providers & Services - 0.8%
AmerisourceBergen Corp.		340		52,890
Cardinal Health, Inc.		549		41,565
				94,455
Hotels, Restaurants & Leisure - 14.8%
Airbnb, Inc., Class A*		837		103,185
Aramark		541		19,909
Booking Holdings, Inc.*		82		206,968
Boyd Gaming Corp.		168		10,942
Caesars Entertainment, Inc.*		451		22,893
Carnival Corp.*		2,101		22,313
Chipotle Mexican Grill, Inc.*		58		86,483
Choice Hotels International, Inc.		58		6,865
Churchill Downs, Inc.		68		16,713
Darden Restaurants, Inc.		256		36,605
Domino’s Pizza, Inc.		75		22,051
DraftKings, Inc., Class A*		941		17,747
Dutch Bros, Inc., Class A*(b)		61		2,034
Expedia Group, Inc.*		317		34,543
Hilton Worldwide Holdings, Inc.		568		82,082
Hyatt Hotels Corp., Class A*		100		11,624
Las Vegas Sands Corp.*		690		39,654
Light & Wonder, Inc.*		198		12,397
Marriott International, Inc., Class A		565		95,620
Marriott Vacations Worldwide Corp.		81		12,392
McDonald’s Corp.		1,537		405,630
MGM Resorts International		668		28,731
Norwegian Cruise Line Holdings Ltd.*		882		13,071
Penn Entertainment, Inc.*		324		9,892
Planet Fitness, Inc., Class A*		174		14,103
Royal Caribbean Cruises Ltd.*		461		32,565
Starbucks Corp.		2,410		246,037
Texas Roadhouse, Inc.		140		14,215
Vail Resorts, Inc.		85		19,847
Wendy’s Co. (The)		356		7,818
Wyndham Hotels & Resorts, Inc.		185		14,249
Wynn Resorts Ltd.*		216		23,408
Yum! Brands, Inc.		591		75,151
				1,767,737
Interactive Media & Services - 0.4%
Pinterest, Inc., Class A*		1,233		30,961
ZoomInfo Technologies, Inc., Class A*		568		13,728
				44,689
Internet & Direct Marketing Retail - 14.7%
Amazon.com, Inc.*		18,623		1,754,845
Wayfair, Inc., Class A*(b)		163		6,600
				1,761,445
Media - 5.9%
Altice USA, Inc., Class A*		450		1,782
Cable One, Inc.		11		7,597
Charter Communications, Inc., Class A*		225		82,712
Comcast Corp., Class A		9,056		336,611
DISH Network Corp., Class A*		527		6,013
Fox Corp., Class A		634		22,203
Fox Corp., Class B		291		9,385

Ultra Consumer Services

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Interpublic Group of Cos., Inc. (The)		815		28,965
Liberty Broadband Corp., Class A*		34		2,949
Liberty Broadband Corp., Class C*		251		21,754
Liberty Media Corp.-Liberty SiriusXM, Class A*		157		5,085
Liberty Media Corp.-Liberty SiriusXM, Class C*		320		10,310
New York Times Co. (The), Class A		346		13,321
News Corp., Class A		802		13,754
News Corp., Class B		246		4,246
Nexstar Media Group, Inc., Class A		79		14,686
Omnicom Group, Inc.		429		38,855
Paramount Global, Class A(b)		17		418
Paramount Global, Class B(b)		1,060		22,705
Sirius XM Holdings, Inc.(b)		1,469		6,449
TEGNA, Inc.		468		8,143
Trade Desk, Inc. (The), Class A*		935		52,323
				710,266
Multiline Retail - 2.9%
Dollar General Corp.		473		102,310
Dollar Tree, Inc.*		441		64,069
Kohl’s Corp.		243		6,814
Ollie’s Bargain Outlet Holdings, Inc.*		123		7,077
Target Corp.		966		162,771
				343,041
Road & Rail - 1.4%
Avis Budget Group, Inc.*		53		11,642
Lyft, Inc., Class A*		657		6,570
Uber Technologies, Inc.*		4,185		139,193
U-Haul Holding Co.		185		10,292
U-Haul Holding Co.		19		1,220
				168,917
Specialty Retail - 14.9%
Advance Auto Parts, Inc.		127		18,410
AutoNation, Inc.*		72		9,829
AutoZone, Inc.*		40		99,462
Bath & Body Works, Inc.		478		19,536
Best Buy Co., Inc.		421		34,989
Burlington Stores, Inc.*		137		29,352
CarMax, Inc.*		331		22,852
Carvana Co.*(b)		207		1,950
Dick’s Sporting Goods, Inc.		116		14,921
Five Below, Inc.*		116		23,699
Floor & Decor Holdings, Inc., Class A*		222		20,382
Foot Locker, Inc.		168		7,345
GameStop Corp., Class A*(b)		530		10,192
Gap, Inc. (The)		441		5,737
Home Depot, Inc. (The)		2,149		637,265
Lithia Motors, Inc., Class A		57		14,545
Lowe’s Cos., Inc.		1,302		267,887
Murphy USA, Inc.		44		11,224
O’Reilly Automotive, Inc.*		130		107,913
Penske Automotive Group, Inc.		53		7,640
Petco Health & Wellness Co., Inc.*		168		1,730
RH*		41		12,260
Ross Stores, Inc.		730		80,694
TJX Cos., Inc. (The)		2,437		186,674
Tractor Supply Co.		232		54,116
Ulta Beauty, Inc.*		107		55,512
Victoria’s Secret & Co.*		170		6,739
Williams-Sonoma, Inc.		140		17,489
				1,780,344
TOTAL COMMON STOCKS (Cost $12,108,478)				9,002,882
SECURITIES LENDING REINVESTMENTS(c) - 0.4%
INVESTMENT COMPANIES - 0.4%
BlackRock Liquidity FedFund, Institutional Class 4.42% (Cost $45,623)		45,623		45,623

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 20.8%
REPURCHASE AGREEMENTS(d) - 20.8%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $2,484,388
(Cost $2,484,080)		2,484,080		2,484,080
Total Investments - 96.5% (Cost $14,638,181)				11,532,585
Other assets less liabilities - 3.5%				419,202
Net Assets - 100.0%				11,951,787

Ultra Consumer Services

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $1,124,221.
(b)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $49,063, collateralized in the form of cash with a value of $45,623 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Portfolio Investments and $5,652 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.63% – 4.38%, and maturity dates ranging from April 30, 2026 – August 15, 2051. The total value of collateral is $51,275.
(c)	The security was purchased with cash collateral held from securities on loan at February 28, 2023. The total value of securities purchased was $45,623.
(d)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

Ultra Consumer Services had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Depreciation ($)
	2,189,818	5/8/2023	Bank of America NA		4.87	%	Dow Jones U.S. Consumer ServicesSM Index		(2,303,859	)
	1,705,894	5/8/2023	BNP Paribas SA		5.07	%	Dow Jones U.S. Consumer ServicesSM Index		(1,081,156	)
	1,004,325	3/7/2023	Goldman Sachs International		5.17	%	Dow Jones U.S. Consumer ServicesSM Index		(1,253,783	)
	246,826	11/6/2023	Morgan Stanley & Co. International plc		5.17	%	Dow Jones U.S. Consumer ServicesSM Index		(247,369	)
	6,661,861	3/7/2023	Societe Generale		5.12	%	Dow Jones U.S. Consumer ServicesSM Index		(1,883,762	)
	3,094,440	3/7/2023	UBS AG		4.92	%	Dow Jones U.S. Consumer ServicesSM Index		(1,138,784	)
	14,903,164								(7,908,713	)
							Total Unrealized Depreciation		(7,908,713	)

a	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
b	Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Ultra Dow30^SM

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 86.3%
Aerospace & Defense - 3.5%
Boeing Co. (The)*		58,546		11,799,946
Banks - 2.5%
JPMorgan Chase & Co.		58,545		8,392,426
Beverages - 1.0%
Coca-Cola Co. (The)		58,536		3,483,477
Biotechnology - 4.0%
Amgen, Inc.		58,543		13,562,071
Capital Markets - 6.1%
Goldman Sachs Group, Inc. (The)		58,543		20,586,646
Chemicals - 1.0%
Dow, Inc.		58,525		3,347,630
Communications Equipment - 0.9%
Cisco Systems, Inc.		58,530		2,834,023
Consumer Finance - 3.0%
American Express Co.		58,550		10,187,115
Diversified Telecommunication Services - 0.7%
Verizon Communications, Inc.		58,538		2,271,860
Entertainment - 1.7%
Walt Disney Co. (The)*		58,534		5,830,572
Food & Staples Retailing - 3.1%
Walgreens Boots Alliance, Inc.		58,536		2,079,784
Walmart, Inc.		58,540		8,320,290
				10,400,074
Health Care Providers & Services - 8.3%
UnitedHealth Group, Inc.		58,543		27,862,955
Hotels, Restaurants & Leisure - 4.6%
McDonald’s Corp.		58,543		15,450,083
Household Products - 2.4%
Procter & Gamble Co. (The)		58,532		8,051,662
Industrial Conglomerates - 5.2%
3M Co.		58,538		6,306,884
Honeywell International, Inc.		58,548		11,210,771
				17,517,655
Insurance - 3.2%
Travelers Cos., Inc. (The)		58,549		10,838,591
IT Services - 6.1%
International Business Machines Corp.		58,534		7,568,446
Visa, Inc., Class A		58,541		12,875,508
				20,443,954
Machinery - 4.2%
Caterpillar, Inc.		58,551		14,025,892
Oil, Gas & Consumable Fuels - 2.8%
Chevron Corp.		58,533		9,410,350
Pharmaceuticals - 4.5%
Johnson & Johnson		58,538		8,971,534
Merck & Co., Inc.		58,532		6,218,440
				15,189,974
Semiconductors & Semiconductor Equipment - 0.4%
Intel Corp.		58,516		1,458,804
Software - 7.2%
Microsoft Corp.		58,543		14,601,795
Salesforce, Inc.*		58,542		9,578,057
				24,179,852
Specialty Retail - 5.2%
Home Depot, Inc. (The)		58,543		17,360,341
Technology Hardware, Storage & Peripherals - 2.6%
Apple, Inc.		58,545		8,630,118
Textiles, Apparel & Luxury Goods - 2.1%
NIKE, Inc., Class B		58,537		6,953,610
TOTAL COMMON STOCKS (Cost $323,088,138)				290,069,681

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 23.6%
REPURCHASE AGREEMENTS(b) - 23.6%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $79,333,311
(Cost $79,323,466)		79,323,466		79,323,466
Total Investments - 109.9% (Cost $402,411,604)				369,393,147
Liabilities in excess of other assets - (9.9%)				(33,420,628	)
Net Assets - 100.0%				335,972,519

Ultra Dow30^SM

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $99,297,927.
(b)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Ultra Dow30^SM

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Purchased

Ultra Dow30^SM had the following open long futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Depreciation
DJIA CBOT E-Mini Index		147	3/17/2023	USD	$	24,021,270	$	(455,095	)

Swap Agreements

Ultra Dow30^SM had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Depreciation ($)
	47,907,379	5/8/2023	Bank of America NA		4.97	%	Dow Jones Industrial AverageSM		(13,028,885	)
	16,654,917	11/6/2023	Barclays Capital		5.17	%	Dow Jones Industrial AverageSM		(1,262,088	)
	78,441,394	5/8/2023	BNP Paribas SA		5.17	%	Dow Jones Industrial AverageSM		(8,218,228	)
	103,195,172	3/6/2024	Citibank NA		5.23	%	Dow Jones Industrial AverageSM		(1,508,837	)
	55,802,705	11/6/2023	Morgan Stanley & Co. International plc		5.12	%	SPDR® Dow Jones Industrial AverageSM ETF Trust		(9,382,621	)
	43,955,918	3/7/2023	Societe Generale		4.97	%	Dow Jones Industrial AverageSM		(5,986,150	)
	11,952,352	4/8/2024	UBS AG		4.72	%	Dow Jones Industrial AverageSM		(402,852	)
	357,909,837								(39,789,661	)
							Total Unrealized Depreciation		(39,789,661	)

a	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
b	Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

Ultra Financials 

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 78.6%
Banks - 18.1%
Bank of America Corp.		505,744		17,347,019
Bank OZK		8,020		369,161
BOK Financial Corp.		2,095		219,305
Citigroup, Inc.		140,345		7,114,088
Citizens Financial Group, Inc.		35,686		1,490,247
Comerica, Inc.		9,490		665,249
Commerce Bancshares, Inc.		8,263		546,597
Cullen/Frost Bankers, Inc.		4,659		614,149
East West Bancorp, Inc.		10,213		778,333
Fifth Third Bancorp		49,736		1,805,417
First Citizens BancShares, Inc., Class A		860		631,034
First Financial Bankshares, Inc.(b)		9,405		344,975
First Horizon Corp.		38,882		963,107
First Republic Bank		13,255		1,630,498
FNB Corp.		25,418		362,715
Glacier Bancorp, Inc.		8,025		380,225
Home BancShares, Inc.		13,744		331,230
Huntington Bancshares, Inc.		104,540		1,601,553
JPMorgan Chase & Co.		212,544		30,468,182
KeyCorp		67,602		1,236,441
M&T Bank Corp.		12,508		1,942,367
Pinnacle Financial Partners, Inc.		5,540		410,459
PNC Financial Services Group, Inc. (The)		29,224		4,615,054
Popular, Inc.		5,266		375,992
Prosperity Bancshares, Inc.		6,617		486,283
Regions Financial Corp.		67,712		1,579,044
Signature Bank		4,559		524,513
SouthState Corp.		5,485		442,530
SVB Financial Group*		4,282		1,233,687
Synovus Financial Corp.		10,541		440,719
Truist Financial Corp.		96,138		4,513,679
UMB Financial Corp.		3,150		285,579
United Bankshares, Inc.		9,757		397,793
US Bancorp		97,975		4,676,347
Valley National Bancorp		30,451		352,623
Webster Financial Corp.		12,608		669,737
Wells Fargo & Co.		276,113		12,913,805
Western Alliance Bancorp		7,893		585,976
Wintrust Financial Corp.		4,401		405,464
Zions Bancorp NA		10,841		548,771
				106,299,947
Capital Markets - 15.6%
Affiliated Managers Group, Inc.		2,730		435,189
Ameriprise Financial, Inc.		7,712		2,644,213
Ares Management Corp.		11,310		911,925
Bank of New York Mellon Corp. (The)		53,298		2,711,802
BlackRock, Inc.		10,884		7,503,756
Blackstone, Inc., Class A		50,851		4,617,271
Blue Owl Capital, Inc.		25,426		313,757
Carlyle Group, Inc. (The)		15,806		543,726
Cboe Global Markets, Inc.		7,687		969,869
Charles Schwab Corp. (The)		110,526		8,612,186
CME Group, Inc.		26,065		4,831,408
Coinbase Global, Inc., Class A*(b)		11,532		747,620
FactSet Research Systems, Inc.		2,761		1,144,573
Federated Hermes, Inc., Class B		6,126		241,058
Franklin Resources, Inc.		20,584		606,610
Goldman Sachs Group, Inc. (The)		24,537		8,628,436
Houlihan Lokey, Inc.		3,612		345,668
Interactive Brokers Group, Inc., Class A		7,453		641,778
Intercontinental Exchange, Inc.		40,473		4,120,151
Invesco Ltd.		32,954		581,968
Janus Henderson Group plc		9,602		263,671
Jefferies Financial Group, Inc.		13,275		501,662
KKR & Co., Inc.		41,807		2,355,824
Lazard Ltd., Class A		8,171		305,269
LPL Financial Holdings, Inc.		5,770		1,439,961
MarketAxess Holdings, Inc.		2,728		931,476
Moody’s Corp.		11,416		3,312,352
Morgan Stanley		95,524		9,218,066
Morningstar, Inc.		1,815		376,304
MSCI, Inc.		5,795		3,025,859
Nasdaq, Inc.		24,562		1,376,946
Northern Trust Corp.		15,101		1,438,672
Raymond James Financial, Inc.		14,027		1,521,368
Robinhood Markets, Inc., Class A*		36,838		370,959
S&P Global, Inc.		24,130		8,233,156
SEI Investments Co.		7,424		447,296
State Street Corp.		26,589		2,357,913
Stifel Financial Corp.		7,702		514,725
T. Rowe Price Group, Inc.		16,192		1,818,038
TPG, Inc.		3,702		122,240
Tradeweb Markets, Inc., Class A		8,049		570,594
Virtu Financial, Inc., Class A		6,833		125,591
				91,780,906
Consumer Finance - 2.7%
Ally Financial, Inc.		21,641		650,312
American Express Co.		43,316		7,536,551
Capital One Financial Corp.		27,660		3,017,153
Credit Acceptance Corp.*(b)		441		195,954
Discover Financial Services		19,798		2,217,376
FirstCash Holdings, Inc.		2,720		240,040
OneMain Holdings, Inc.		8,855		381,562
SLM Corp.		18,127		260,666
SoFi Technologies, Inc.*		59,169		390,515
Synchrony Financial		32,646		1,165,789
				16,055,918
Diversified Financial Services - 7.4%
Apollo Global Management, Inc.		31,515		2,234,413
Berkshire Hathaway, Inc., Class B*		130,554		39,842,470
Equitable Holdings, Inc.		24,935		783,458
Voya Financial, Inc.		7,043		524,633
				43,384,974
Equity Real Estate Investment Trusts (REITs) - 13.7%
Agree Realty Corp.		6,418		454,266
Alexandria Real Estate Equities, Inc.		10,818		1,620,320
American Homes 4 Rent, Class A		22,240		689,885
American Tower Corp.		33,738		6,680,461
Americold Realty Trust, Inc.		19,522		573,947
Apartment Income REIT Corp.		10,864		410,659
AvalonBay Communities, Inc.		10,136		1,748,663
Boston Properties, Inc.		10,336		676,801
Brixmor Property Group, Inc.		21,731		491,990
Camden Property Trust		7,719		885,832
Corporate Office Properties Trust		8,147		207,178
Cousins Properties, Inc.		10,973		268,729
Crown Castle, Inc.		31,378		4,102,674

Ultra Financials 

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
CubeSmart		16,273		764,668
Digital Realty Trust, Inc.		20,833		2,171,424
Douglas Emmett, Inc.		12,737		179,974
EastGroup Properties, Inc.		3,157		515,443
Equinix, Inc.		6,705		4,614,850
Equity Commonwealth		7,929		168,333
Equity LifeStyle Properties, Inc.		12,677		868,501
Equity Residential		24,645		1,540,805
Essex Property Trust, Inc.		4,692		1,070,058
Extra Space Storage, Inc.		9,705		1,597,928
Federal Realty Investment Trust		5,296		565,507
First Industrial Realty Trust, Inc.		9,575		505,081
Gaming and Leisure Properties, Inc.		18,658		1,005,293
Healthcare Realty Trust, Inc.		27,576		537,732
Healthpeak Properties, Inc.		38,951		937,161
Highwoods Properties, Inc.		7,622		201,983
Host Hotels & Resorts, Inc.		51,811		870,425
Invitation Homes, Inc.		42,089		1,315,702
Iron Mountain, Inc.		21,065		1,111,179
JBG SMITH Properties		7,173		123,734
Kilroy Realty Corp.		7,622		274,544
Kimco Realty Corp.		44,814		923,617
Lamar Advertising Co., Class A		6,324		661,237
Life Storage, Inc.		6,157		742,042
LXP Industrial Trust		19,977		208,360
Medical Properties Trust, Inc.		43,329		446,289
Mid-America Apartment Communities, Inc.		8,367		1,339,557
National Health Investors, Inc.		3,144		172,920
National Retail Properties, Inc.		12,951		586,939
National Storage Affiliates Trust		6,123		259,003
Omega Healthcare Investors, Inc.		16,969		454,600
Physicians Realty Trust		16,538		245,259
PotlatchDeltic Corp.		5,853		270,174
Prologis, Inc.		66,887		8,253,856
Public Storage		11,455		3,424,472
Rayonier, Inc.		10,611		356,317
Realty Income Corp.		45,444		2,906,144
Regency Centers Corp.		11,158		701,838
Rexford Industrial Realty, Inc.		13,296		803,876
Sabra Health Care REIT, Inc.		16,735		199,314
SBA Communications Corp.		7,822		2,028,636
Simon Property Group, Inc.		23,691		2,892,434
SL Green Realty Corp.(b)		4,660		158,673
Spirit Realty Capital, Inc.		10,118		416,659
STAG Industrial, Inc.		12,986		436,849
Sun Communities, Inc.		8,977		1,284,968
UDR, Inc.		22,175		949,977
Ventas, Inc.		28,965		1,409,147
VICI Properties, Inc.		69,786		2,339,925
Vornado Realty Trust		11,674		230,912
Welltower, Inc.		34,239		2,537,795
Weyerhaeuser Co.		53,324		1,666,375
WP Carey, Inc.		15,077		1,223,649
				80,283,543
Insurance - 11.4%
Aflac, Inc.		40,999		2,794,082
Allstate Corp. (The)		19,216		2,474,636
American Financial Group, Inc.		5,059		678,463
American International Group, Inc.		53,836		3,289,918
Aon plc, Class A		14,989		4,557,405
Arch Capital Group Ltd.*		26,802		1,876,140
Arthur J Gallagher & Co.		15,277		2,862,146
Assurant, Inc.		3,829		487,776
Axis Capital Holdings Ltd.		5,584		339,061
Brighthouse Financial, Inc.*		5,010		289,728
Brown & Brown, Inc.		17,033		955,040
Chubb Ltd.		30,073		6,346,004
Cincinnati Financial Corp.		11,390		1,374,773
CNA Financial Corp.		1,963		85,940
Enstar Group Ltd.*		985		240,842
Erie Indemnity Co., Class A		1,807		425,350
Everest Re Group Ltd.		2,838		1,089,707
F&G Annuities & Life, Inc.		1,360		27,703
Fidelity National Financial, Inc.		19,718		785,960
First American Financial Corp.		7,502		425,964
Globe Life, Inc.		6,554		797,556
Hanover Insurance Group, Inc. (The)		2,577		359,440
Hartford Financial Services Group, Inc. (The)		23,052		1,804,511
Kemper Corp.		4,630		285,208
Lincoln National Corp.		11,157		353,900
Loews Corp.		14,279		872,304
Markel Corp.*		976		1,297,943
Marsh & McLennan Cos., Inc.		35,942		5,827,636
MetLife, Inc.		47,756		3,425,538
Old Republic International Corp.		20,505		540,717
Primerica, Inc.		2,673		513,056
Principal Financial Group, Inc.		16,490		1,476,844
Progressive Corp. (The)		42,393		6,084,243
Prudential Financial, Inc.		26,668		2,666,800
Reinsurance Group of America, Inc.		4,844		699,813
RenaissanceRe Holdings Ltd.		3,166		680,373
RLI Corp.		2,928		403,801
Ryan Specialty Holdings, Inc., Class A*		6,025		253,773
Selective Insurance Group, Inc.		4,369		443,585
Travelers Cos., Inc. (The)		16,982		3,143,708
Unum Group		13,551		603,697
W R Berkley Corp.		14,813		980,472
White Mountains Insurance Group Ltd.		184		265,617
Willis Towers Watson plc		7,843		1,838,085
				67,025,258
IT Services - 8.2%
Mastercard, Inc., Class A		61,511		21,854,243
Visa, Inc., Class A		118,475		26,057,392
				47,911,635
Mortgage Real Estate Investment Trusts (REITs) - 0.4%
AGNC Investment Corp.		41,419		450,225
Annaly Capital Management, Inc.		33,902		701,093
Blackstone Mortgage Trust, Inc., Class A		12,384		262,169
Rithm Capital Corp.		34,324		312,349
Starwood Property Trust, Inc.		22,431		429,778
				2,155,614
Professional Services - 0.3%
CoStar Group, Inc.*		29,469		2,082,280
Real Estate Management & Development - 0.6%
CBRE Group, Inc., Class A*		22,895		1,949,281
Howard Hughes Corp. (The)*		2,493		207,218
Jones Lang LaSalle, Inc.*		3,439		599,968
Opendoor Technologies, Inc.*		36,762		52,937
Zillow Group, Inc., Class A*		4,215		174,290

Ultra Financials 

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Zillow Group, Inc., Class C*		11,805		495,810
				3,479,504
Thrifts & Mortgage Finance - 0.2%
Essent Group Ltd.		7,804		335,182
MGIC Investment Corp.		21,521		296,129
New York Community Bancorp, Inc.		49,294		437,731
Radian Group, Inc.		11,377		242,899
Rocket Cos., Inc., Class A(b)		8,824		69,356
TFS Financial Corp.		3,456		50,077
UWM Holdings Corp.(b)		6,707		28,572
				1,459,946
TOTAL COMMON STOCKS (Cost $508,412,504)				461,919,525
SECURITIES LENDING REINVESTMENTS(c) - 0.2%
INVESTMENT COMPANIES - 0.2%
BlackRock Liquidity FedFund, Institutional Class 4.42% (Cost $988,874)		988,874		988,874

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 8.0%
REPURCHASE AGREEMENTS(d) - 8.0%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $46,981,407
(Cost $46,975,575)		46,975,575		46,975,575
Total Investments - 86.8% (Cost $556,376,953)				509,883,974
Other assets less liabilities - 13.2%				77,554,993
Net Assets - 100.0%				587,438,967

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $18,190,125.
(b)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $1,264,143, collateralized in the form of cash with a value of $988,874 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Portfolio Investments and $245,593 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.13% – 4.38%, and maturity dates ranging from March 15, 2023 – February 15, 2052. The total value of collateral is $1,234,467. The market value of the loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund, or excess collateral returned by the Fund, on the next business day.
(c)	The security was purchased with cash collateral held from securities on loan at February 28, 2023. The total value of securities purchased was $988,874.
(d)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

Ultra Financials had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation ($)
	217,110,171	3/6/2024	Bank of America NA		5.12	%	Dow Jones U.S. FinancialsSM Indexc		1,414,524
	105,385,263	3/6/2024	BNP Paribas SA		5.17	%	Dow Jones U.S. FinancialsSM Indexc		4,120,017
	105,646,138	3/6/2024	Goldman Sachs International		5.17	%	Dow Jones U.S. FinancialsSM Indexc		1,621,294
	23,958,930	3/6/2024	Morgan Stanley & Co. International plc		5.17	%	Dow Jones U.S. FinancialsSM Indexc		1,447,197
	136,236,591	3/6/2024	Societe Generale		5.32	%	Dow Jones U.S. FinancialsSM Indexc		13,979,338
	125,010,640	3/6/2024	UBS AG		5.22	%	Dow Jones U.S. FinancialsSM Indexc		4,527,937
	713,347,733								27,110,307
							Total Unrealized Appreciation		27,110,307

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

Ultra Financials 

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

^c  See the Common Stocks section of the preceding Schedule of Portfolio Investments for the representative components of the underlying reference instrument and their relative weightings.

Ultra FTSE China 50  

Schedule of Portfolio Investments  

February 28, 2023 (Unaudited) 

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 56.0%
REPURCHASE AGREEMENTS(a) - 56.0%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $7,971,856
(Cost $7,970,867)		7,970,867		7,970,867
Total Investments - 56.0% (Cost $7,970,867)				7,970,867
Other assets less liabilities - 44.0%				6,261,228
Net Assets - 100.0%				14,232,095

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements^a

Ultra FTSE China 50 had the following open non-exchange traded total return swap agreements as of February 28, 2023:                            

Notional Amount ($)		Termination Dateb	Counterparty	Rate Paid (Received)c			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	2,688,357	4/10/2025	Bank of America NA		4.77	%	iShares® China Large-Cap ETF		698,960
	4,787,472	4/10/2023	Citibank NA		3.82	%	iShares® China Large-Cap ETF		(921,503	)
	9,134,998	3/7/2023	Goldman Sachs International		4.87	%	iShares® China Large-Cap ETF		(2,876,679	)
	65,289	4/10/2023	Morgan Stanley & Co. International plc		5.02	%	iShares® China Large-Cap ETF		(26,293	)
	3,155,851	3/7/2023	Societe Generale		4.22	%	iShares® China Large-Cap ETF		(2,790,792	)
	8,661,505	3/7/2023	UBS AG		3.57	%	iShares® China Large-Cap ETF		(2,808,400	)
	28,493,472								(8,724,707	)
							Total Unrealized Appreciation		698,960
							Total Unrealized Depreciation		(9,423,667	)

a	In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.
b	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c	Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Ultra FTSE Europe  

Schedule of Portfolio Investments  

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 59.8%
REPURCHASE AGREEMENTS(a) - 59.8%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $2,314,139
(Cost $2,313,850)		2,313,850		2,313,850
Total Investments - 59.8% (Cost $2,313,850)				2,313,850
Other assets less liabilities - 40.2%				1,557,765
Net Assets - 100.0%				3,871,615

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements^a

Ultra FTSE Europe had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)		Termination Dateb	Counterparty	Rate Paid (Received)c			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	505,232	4/10/2025	Bank of America NA		4.87	%	Vanguard® FTSE Europe ETF Shares		67,505
	2,967,934	4/10/2023	Citibank NA		4.77	%	Vanguard® FTSE Europe ETF Shares		(113,796	)
	1,226,681	3/7/2023	Goldman Sachs International		2.62	%	Vanguard® FTSE Europe ETF Shares		(317,913	)
	21,949	11/9/2023	Morgan Stanley & Co. International plc		5.02	%	Vanguard® FTSE Europe ETF Shares		(3,238	)
	1,897,332	11/9/2023	Societe Generale		4.62	%	Vanguard® FTSE Europe ETF Shares		312,961
	1,131,571	3/7/2023	UBS AG		2.57	%	Vanguard® FTSE Europe ETF Shares		(128,896	)
	7,750,699								(183,377	)
							Total Unrealized Appreciation		380,466
							Total Unrealized Depreciation		(563,843	)

^a  In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.

^b  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^c  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Ultra Health Care  

Schedule of Portfolio Investments  

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 83.6%
Biotechnology - 15.4%
AbbVie, Inc.		28,041		4,315,510
Alkermes plc*		2,604		69,631
Alnylam Pharmaceuticals, Inc.*		1,949		373,136
Amgen, Inc.		8,454		1,958,454
Apellis Pharmaceuticals, Inc.*		1,490		97,565
Arrowhead Pharmaceuticals, Inc.*		1,677		54,167
Beam Therapeutics, Inc.*		937		37,705
Biogen, Inc.*		2,281		615,551
Biohaven Ltd.*		1,015		15,509
BioMarin Pharmaceutical, Inc.*		2,945		293,293
Blueprint Medicines Corp.*		948		40,167
CRISPR Therapeutics AG*		1,241		61,206
Denali Therapeutics, Inc.*		1,743		47,322
Exact Sciences Corp.*		2,817		175,584
Exelixis, Inc.*		5,114		87,347
Fate Therapeutics, Inc.*		1,311		8,023
Gilead Sciences, Inc.		19,874		1,600,453
Halozyme Therapeutics, Inc.*		2,145		102,939
Horizon Therapeutics plc*		3,591		393,179
Incyte Corp.*		2,926		225,243
Intellia Therapeutics, Inc.*		1,351		54,270
Ionis Pharmaceuticals, Inc.*		2,250		80,775
Mirati Therapeutics, Inc.*		821		37,635
Moderna, Inc.*		5,235		726,670
Natera, Inc.*		1,728		83,894
Neurocrine Biosciences, Inc.*(b)		1,524		157,124
Novavax, Inc.*(b)		1,243		11,510
Regeneron Pharmaceuticals, Inc.*		1,698		1,291,193
Sarepta Therapeutics, Inc.*		1,391		169,883
Seagen, Inc.*		2,178		391,365
Ultragenyx Pharmaceutical, Inc.*		1,111		49,428
United Therapeutics Corp.*		722		177,641
Vertex Pharmaceuticals, Inc.*		4,067		1,180,609
Vir Biotechnology, Inc.*		1,202		27,406
				15,011,387
Health Care Equipment & Supplies - 16.5%
Abbott Laboratories		27,639		2,811,439
Align Technology, Inc.*		1,151		356,234
Baxter International, Inc.		7,988		319,121
Becton Dickinson and Co.		4,518		1,059,697
Boston Scientific Corp.*		22,697		1,060,404
Cooper Cos., Inc. (The)		781		255,364
DENTSPLY SIRONA, Inc.		3,406		129,666
Dexcom, Inc.*		6,122		679,603
Edwards Lifesciences Corp.*		9,797		788,071
Enovis Corp.*		754		43,445
Envista Holdings Corp.*		2,583		99,859
GE HealthCare Technologies, Inc.*		5,751		437,076
Globus Medical, Inc., Class A*		1,227		71,583
Haemonetics Corp.*		802		62,372
Hologic, Inc.*		3,956		315,056
ICU Medical, Inc.*		319		54,434
IDEXX Laboratories, Inc.*		1,312		620,891
Insulet Corp.*(b)		1,100		303,996
Integra LifeSciences Holdings Corp.*		1,151		64,019
Intuitive Surgical, Inc.*		5,600		1,284,584
Masimo Corp.*		766		128,159
Medtronic plc		21,062		1,743,934
Novocure Ltd.*		1,430		110,067
NuVasive, Inc.*		826		35,708
Omnicell, Inc.*		708		38,543
Penumbra, Inc.*		601		156,254
QuidelOrtho Corp.*		848		73,725
ResMed, Inc.		2,321		494,373
Shockwave Medical, Inc.*		575		109,388
STAAR Surgical Co.*		763		42,263
STERIS plc		1,582		297,463
Stryker Corp.		5,336		1,402,728
Tandem Diabetes Care, Inc.*		1,019		36,541
Teleflex, Inc.		743		177,005
Zimmer Biomet Holdings, Inc.		3,325		411,868
				16,074,933
Health Care Providers & Services - 17.8%
Acadia Healthcare Co., Inc.*		1,442		104,559
agilon health, Inc.*		3,132		66,430
Amedisys, Inc.*		515		47,354
Centene Corp.*		8,973		613,753
Chemed Corp.		237		123,614
Cigna Group (The)		4,845		1,415,225
CVS Health Corp.		20,834		1,740,472
DaVita, Inc.*		871		71,648
Elevance Health, Inc.		3,784		1,777,231
Encompass Health Corp.		1,582		89,415
Guardant Health, Inc.*		1,622		50,104
HCA Healthcare, Inc.		3,360		817,992
HealthEquity, Inc.*		1,339		87,263
Henry Schein, Inc.*		2,147		168,132
Humana, Inc.		2,006		993,010
Laboratory Corp. of America Holdings		1,403		335,822
McKesson Corp.		2,247		786,023
Molina Healthcare, Inc.*		924		254,405
Oak Street Health, Inc.*		1,848		65,419
Option Care Health, Inc.*		2,450		75,142
Premier, Inc., Class A		1,882		60,582
Quest Diagnostics, Inc.		1,805		249,740
R1 RCM, Inc.*		2,177		30,913
Signify Health, Inc., Class A*		1,103		31,755
Tenet Healthcare Corp.*		1,714		100,320
UnitedHealth Group, Inc.		14,806		7,046,768
Universal Health Services, Inc., Class B		1,017		135,841
				17,338,932
Health Care Technology - 0.1%
Doximity, Inc., Class A*(b)		1,799		60,500
Teladoc Health, Inc.*		2,566		67,973
				128,473
Life Sciences Tools & Services - 10.5%
10X Genomics, Inc., Class A*		1,517		72,088
Agilent Technologies, Inc.		4,691		665,981
Avantor, Inc.*		10,683		260,345
Azenta, Inc.*		1,189		52,185
Bio-Rad Laboratories, Inc., Class A*		341		162,943
Bio-Techne Corp.		2,487		180,656
Bruker Corp.		1,585		109,238
Charles River Laboratories International, Inc.*		806		176,788
Danaher Corp.		10,382		2,569,857
Illumina, Inc.*		2,492		496,406
IQVIA Holdings, Inc.*		2,943		613,527

Ultra Health Care  

Schedule of Portfolio Investments  

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Maravai LifeSciences Holdings, Inc., Class A*		1,731		25,532
Medpace Holdings, Inc.*		400		77,552
Mettler-Toledo International, Inc.*		354		507,533
Repligen Corp.*		818		142,635
Sotera Health Co.*		1,564		26,103
Syneos Health, Inc.*		1,631		65,599
Thermo Fisher Scientific, Inc.		6,214		3,366,497
Waters Corp.*		941		292,548
West Pharmaceutical Services, Inc.		1,174		372,193
				10,236,206
Pharmaceuticals - 23.3%
Bristol-Myers Squibb Co.		33,691		2,323,331
Catalent, Inc.*		2,852		194,564
Elanco Animal Health, Inc.*		7,061		80,990
Eli Lilly & Co.		12,497		3,889,316
Jazz Pharmaceuticals plc*		997		139,979
Johnson & Johnson		41,436		6,350,481
Merck & Co., Inc.		40,176		4,268,298
Organon & Co.		4,030		98,695
Perrigo Co. plc		2,134		80,431
Pfizer, Inc.		88,965		3,609,310
Royalty Pharma plc, Class A		5,871		210,475
Viatris, Inc.		19,215		219,051
Zoetis, Inc.		7,388		1,233,796
				22,698,717
TOTAL COMMON STOCKS (Cost $91,432,804)				81,488,648
SECURITIES LENDING REINVESTMENTS(c) - 0.0%(d)
INVESTMENT COMPANIES - 0.0%(d)
BlackRock Liquidity FedFund, Institutional Class 4.42% (Cost $1,998)		1,998		1,998

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 9.6%
REPURCHASE AGREEMENTS(e) - 9.6%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $9,350,960
(Cost $9,349,799)		9,349,799		9,349,799
Total Investments - 93.2% (Cost $100,784,601)				90,840,445
Other assets less liabilities - 6.8%				6,605,327
Net Assets - 100.0%				97,445,772

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $10,584,118.
(b)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $289,006, collateralized in the form of cash with a value of $1,998 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Portfolio Investments and $296,820 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.13% – 4.75%, and maturity dates ranging from March 15, 2023 – February 15, 2052. The total value of collateral is $298,818.
(c)	The security was purchased with cash collateral held from securities on loan at February 28, 2023. The total value of securities purchased was $1,998.
(d)	Represents less than 0.05% of net assets.
(e)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Ultra Health Care  

Schedule of Portfolio Investments  

February 28, 2023 (Unaudited)

Swap Agreements

Ultra Health Care had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Depreciation ($)
	27,226,372	5/8/2023	Bank of America NA		5.02	%	Dow Jones U.S. Health CareSM Indexc		(2,833,325	)
	27,437,871	3/7/2023	Goldman Sachs International		5.17	%	Dow Jones U.S. Health CareSM Indexc		(3,319,702	)
	84,057	3/6/2024	Morgan Stanley & Co. International plc		5.17	%	Dow Jones U.S. Health CareSM Indexc		(16,210	)
	39,455,328	3/7/2023	Societe Generale		5.22	%	Dow Jones U.S. Health CareSM Indexc		(5,742,054	)
	19,376,522	11/6/2023	UBS AG		4.92	%	Dow Jones U.S. Health CareSM Indexc		(5,866,286	)
	113,580,150								(17,777,577	)
							Total Unrealized Depreciation		(17,777,577	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

^c  See the Common Stocks section of the preceding Schedule of Portfolio Investments for the representative components of the underlying reference instrument and their relative weightings.

Ultra High Yield

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 72.1%
REPURCHASE AGREEMENTS(a) - 72.1%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $4,465,389
(Cost $4,464,835)		4,464,835		4,464,835
Total Investments - 72.1% (Cost $4,464,835)				4,464,835
Other assets less liabilities - 27.9%				1,728,143
Net Assets - 100.0%				6,192,978

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements^a

Ultra High Yield had the following open non-exchange traded total return swap agreements as of February 28, 2023:                           

Notional Amount ($)		Termination Dateb	Counterparty	Rate Paid (Received)c			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	4,215,894	3/7/2024	BNP Paribas SA		3.07	%	iShares® iBoxx $ High Yield Corporate Bond ETF		(797,198	)
	3,347,364	4/10/2023	Citibank NA		4.32	%	iShares® iBoxx $ High Yield Corporate Bond ETF		(1,432,936	)
	1,413,123	3/7/2023	Goldman Sachs International		2.32	%	iShares® iBoxx $ High Yield Corporate Bond ETF		(2,050,127	)
	3,422,480	3/6/2024	UBS AG		3.07	%	iShares® iBoxx $ High Yield Corporate Bond ETF		94,840
	12,398,861								(4,185,421	)
							Total Unrealized Appreciation		94,840
							Total Unrealized Depreciation		(4,280,261	)

^a  In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.

^b  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^c  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Ultra Industrials  

Schedule of Portfolio Investments  

February 28, 2023 (Unaudited) 

Investments	Shares		Value ($)
COMMON STOCKS(a) - 87.1%
Aerospace & Defense - 13.0%
Axon Enterprise, Inc.*		247		49,477
Boeing Co. (The)*		2,044		411,968
BWX Technologies, Inc.		332		20,288
Curtiss-Wright Corp.		139		24,296
General Dynamics Corp.		820		186,886
HEICO Corp.		145		24,008
HEICO Corp., Class A		255		33,188
Hexcel Corp.		308		22,469
Howmet Aerospace, Inc.		1,343		56,648
Huntington Ingalls Industries, Inc.		145		31,204
L3Harris Technologies, Inc.		693		146,355
Lockheed Martin Corp.		851		403,595
Mercury Systems, Inc.*		211		11,044
Northrop Grumman Corp.		527		244,586
Raytheon Technologies Corp.		5,358		525,566
Textron, Inc.		760		55,123
TransDigm Group, Inc.		189		140,591
Woodward, Inc.		219		21,681
				2,408,973
Air Freight & Logistics - 4.3%
CH Robinson Worldwide, Inc.		428		42,783
Expeditors International of Washington, Inc.		581		60,749
FedEx Corp.		872		177,208
GXO Logistics, Inc.*		432		21,414
United Parcel Service, Inc., Class B		2,661		485,606
				787,760
Building Products - 4.5%
A O Smith Corp.		463		30,387
Advanced Drainage Systems, Inc.		232		20,585
Allegion plc		321		36,180
Armstrong World Industries, Inc.		165		13,010
Builders FirstSource, Inc.*		536		45,442
Carlisle Cos., Inc.		189		48,803
Carrier Global Corp.		3,050		137,341
Fortune Brands Innovations, Inc.		467		28,931
Johnson Controls International plc		2,512		157,553
Lennox International, Inc.		118		30,070
Masco Corp.		821		43,045
Masterbrand, Inc.*		471		4,587
Owens Corning		340		33,249
Trane Technologies plc		841		155,560
Trex Co., Inc.*		400		20,452
UFP Industries, Inc.		224		19,159
Zurn Elkay Water Solutions Corp.		531		12,213
				836,567
Chemicals - 1.0%
Sherwin-Williams Co. (The)		860		190,361
Commercial Services & Supplies - 2.8%
Cintas Corp.		315		138,118
Clean Harbors, Inc.*		184		24,301
MSA Safety, Inc.		134		18,003
Republic Services, Inc.		749		96,569
Stericycle, Inc.*		336		16,020
Tetra Tech, Inc.		193		26,420
Waste Management, Inc.		1,361		203,823
				523,254
Construction & Engineering - 1.4%
AECOM		510		44,044
EMCOR Group, Inc.		174		29,096
MasTec, Inc.*		214		20,912
MDU Resources Group, Inc.		741		23,601
Quanta Services, Inc.		521		84,089
Valmont Industries, Inc.		77		24,435
WillScot Mobile Mini Holdings Corp.*		760		39,064
				265,241
Construction Materials - 1.0%
Eagle Materials, Inc.		134		18,803
Martin Marietta Materials, Inc.		226		81,331
Vulcan Materials Co.		484		87,560
				187,694
Containers & Packaging - 2.6%
Amcor plc		5,427		60,457
AptarGroup, Inc.		239		27,896
Ardagh Metal Packaging SA		549		2,646
Avery Dennison Corp.		295		53,746
Ball Corp.		1,144		64,304
Berry Global Group, Inc.		456		28,318
Crown Holdings, Inc.		439		37,978
Graphic Packaging Holding Co.		1,120		26,656
International Paper Co.		1,295		47,125
Packaging Corp. of America		337		46,075
Sealed Air Corp.		527		25,623
Silgan Holdings, Inc.		306		16,340
Sonoco Products Co.		355		20,966
Westrock Co.		928		29,139
				487,269
Electrical Equipment - 5.1%
Acuity Brands, Inc.		118		22,887
AMETEK, Inc.		839		118,769
ChargePoint Holdings, Inc.*(b)		954		10,837
Eaton Corp. plc		1,451		253,823
Emerson Electric Co.		2,155		178,240
EnerSys		148		13,422
Generac Holdings, Inc.*		230		27,602
Hubbell, Inc.		196		49,302
nVent Electric plc		607		27,825
Regal Rexnord Corp.		242		38,149
Rockwell Automation, Inc.		418		123,281
Sensata Technologies Holding plc		557		28,173
Shoals Technologies Group, Inc., Class A*		494		12,123
Sunrun, Inc.*		778		18,703
Vertiv Holdings Co.		1,099		17,859
				940,995
Electronic Equipment, Instruments & Components - 4.9%
Amphenol Corp., Class A		2,168		168,063
Arrow Electronics, Inc.*		223		26,312
Avnet, Inc.		334		14,933
Cognex Corp.		629		29,827
Coherent Corp.*		507		21,867
Corning, Inc.		2,773		94,143
IPG Photonics Corp.*		118		14,542
Jabil, Inc.		490		40,685
Keysight Technologies, Inc.*		652		104,294
Littelfuse, Inc.		90		23,286
National Instruments Corp.		476		24,043
TE Connectivity Ltd.		1,159		147,564
Teledyne Technologies, Inc.*		172		73,972

Ultra Industrials  

Schedule of Portfolio Investments  

February 28, 2023 (Unaudited) 

Investments	Shares			Value ($)
Trimble, Inc.*		898			46,750
Vontier Corp.		578			15,126
Zebra Technologies Corp., Class A*		189			56,747
					902,154
Health Care Equipment & Supplies - 0.0%(c)
GE HealthCare Technologies, Inc.*		—	(d)		25
Industrial Conglomerates - 5.6%
3M Co.		2,014			216,988
General Electric Co.		3,983			337,400
Honeywell International, Inc.		2,452			469,509
					1,023,897
IT Services - 13.2%
Accenture plc, Class A		2,296			609,703
Affirm Holdings, Inc.*(b)		763			10,392
Automatic Data Processing, Inc.		1,514			332,808
Block, Inc., Class A*		1,958			150,237
Broadridge Financial Solutions, Inc.		428			60,254
Concentrix Corp.		154			21,073
Euronet Worldwide, Inc.*		173			18,831
Fidelity National Information Services, Inc.		2,162			137,006
Fiserv, Inc.*		2,316			266,548
FleetCor Technologies, Inc.*		269			57,779
Genpact Ltd.		614			29,306
Global Payments, Inc.		986			110,629
Jack Henry & Associates, Inc.		266			43,688
Marqeta, Inc., Class A*		1,608			9,326
Maximus, Inc.		220			18,058
Paychex, Inc.		1,168			128,947
PayPal Holdings, Inc.*		4,155			305,808
Shift4 Payments, Inc., Class A*		193			12,449
SS&C Technologies Holdings, Inc.		799			46,901
Toast, Inc., Class A*		1,127			21,323
Western Union Co. (The)		1,407			18,235
WEX, Inc.*		158			30,464
					2,439,765
Life Sciences Tools & Services - 0.3%
PerkinElmer, Inc.		460			57,302
Machinery - 14.2%
AGCO Corp.		225			31,682
Allison Transmission Holdings, Inc.		337			16,008
Caterpillar, Inc.		1,896			454,187
Chart Industries, Inc.*		152			20,292
Crane Holdings Co.		175			20,961
Cummins, Inc.		515			125,186
Deere & Co.		1,001			419,659
Donaldson Co., Inc.		447			28,273
Dover Corp.		512			76,749
Flowserve Corp.		476			16,512
Fortive Corp.		1,289			85,925
Gates Industrial Corp. plc*		372			5,223
Graco, Inc.		614			42,698
IDEX Corp.		275			61,870
Illinois Tool Works, Inc.		1,018			237,357
Ingersoll Rand, Inc.		1,476			85,711
ITT, Inc.		303			27,540
Lincoln Electric Holdings, Inc.		210			35,265
Middleby Corp. (The)*		196			30,476
Nikola Corp.*(b)		1,246			2,766
Nordson Corp.		196			43,049
Oshkosh Corp.		239			21,316
Otis Worldwide Corp.		1,520			128,622
PACCAR, Inc.		1,898			137,036
Parker-Hannifin Corp.		468			164,666
Pentair plc		600			33,564
RBC Bearings, Inc.*(b)		107			24,590
Snap-on, Inc.		194			48,244
Timken Co. (The)		242			20,679
Toro Co. (The)		380			41,967
Westinghouse Air Brake Technologies Corp.		663			69,171
Xylem, Inc.		657			67,441
					2,624,685
Marine - 0.1%
Kirby Corp.*		218			15,812
Paper & Forest Products - 0.1%
Louisiana-Pacific Corp.		261			15,271
Professional Services - 3.3%
Alight, Inc., Class A*		980			9,408
ASGN, Inc.*		182			16,161
Booz Allen Hamilton Holding Corp.		481			45,565
CACI International, Inc., Class A*		85			24,905
Clarivate plc*		1,574			15,945
Dun & Bradstreet Holdings, Inc.		794			9,536
Equifax, Inc.		447			90,531
FTI Consulting, Inc.*		126			23,147
Insperity, Inc.		130			16,132
Jacobs Solutions, Inc.		465			55,567
KBR, Inc.		499			27,500
Leidos Holdings, Inc.		497			48,244
ManpowerGroup, Inc.		185			15,703
Robert Half International, Inc.		396			31,925
Science Applications International Corp.		201			21,435
TransUnion		704			46,063
TriNet Group, Inc.*		131			10,856
Verisk Analytics, Inc.		572			97,875
					606,498
Road & Rail - 6.4%
CSX Corp.		7,667			233,767
Hertz Global Holdings, Inc.*		608			11,254
JB Hunt Transport Services, Inc.		304			54,960
Knight-Swift Transportation Holdings, Inc.		586			33,308
Landstar System, Inc.		131			23,683
Norfolk Southern Corp.		845			189,973
Old Dominion Freight Line, Inc.		330			111,956
RXO, Inc.*		419			8,619
Saia, Inc.*		96			26,004
Union Pacific Corp.		2,244			465,136
XPO, Inc.*		419			13,978
					1,172,638
Trading Companies & Distributors - 3.3%
Air Lease Corp.		377			16,317
Applied Industrial Technologies, Inc.		140			20,000
Core & Main, Inc., Class A*		264			6,154
Fastenal Co.		2,087			107,606

Ultra Industrials  

Schedule of Portfolio Investments  

February 28, 2023 (Unaudited) 

Investments	Shares		Value ($)
Ferguson plc		759		109,372
MSC Industrial Direct Co., Inc., Class A		173		14,622
SiteOne Landscape Supply, Inc.*		163		24,179
United Rentals, Inc.		253		118,538
Univar Solutions, Inc.*		595		20,676
Watsco, Inc.		122		37,175
WESCO International, Inc.*		162		26,824
WW Grainger, Inc.		163		108,954
				610,417
TOTAL COMMON STOCKS (Cost $18,840,853)				16,096,578
SECURITIES LENDING REINVESTMENTS(e) - 0.1%
INVESTMENT COMPANIES - 0.1%
BlackRock Liquidity FedFund, Institutional Class 4.42% (Cost $11,915)		11,915		11,915

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 17.5%
REPURCHASE AGREEMENTS(f) - 17.5%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $3,231,583
(Cost $3,231,182)		3,231,182		3,231,182
Total Investments - 104.7% (Cost $22,083,950)				19,339,675
Liabilities in excess of other assets - (4.7%)				(870,142	)
Net Assets - 100.0%				18,469,533

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $7,033,819.
(b)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $37,896, collateralized in the form of cash with a value of $11,915 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Portfolio Investments and $26,954 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.13% – 4.75%, and maturity dates ranging from May 15, 2024 – August 15, 2051. The total value of collateral is $38,869.
(c)	Represents less than 0.05% of net assets.
(d)	Amount represents less than one share.
(e)	The security was purchased with cash collateral held from securities on loan at February 28, 2023. The total value of securities purchased was $11,915.
(f)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Ultra Industrials  

Schedule of Portfolio Investments  

February 28, 2023 (Unaudited) 

Swap Agreements

Ultra Industrials had the following open non-exchange traded total return swap agreements as of February 28, 2023:                           

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	3,718,942	5/8/2023	Bank of America NA		4.87	%	Dow Jones U.S. IndustrialsSM Index		(1,470,482	)
	3,489,425	3/7/2024	BNP Paribas SA		5.12	%	Dow Jones U.S. IndustrialsSM Index		40,407
	4,970,549	3/7/2023	Goldman Sachs International		5.17	%	Dow Jones U.S. IndustrialsSM Index		(1,759,095	)
	617,939	4/10/2023	Morgan Stanley & Co. International plc		5.17	%	Dow Jones U.S. IndustrialsSM Index		(39,921	)
	2,273,823	3/7/2023	Societe Generale		5.12	%	Dow Jones U.S. IndustrialsSM Index		(551,462	)
	5,820,215	3/7/2023	UBS AG		4.92	%	Dow Jones U.S. IndustrialsSM Index		(353,522	)
	20,890,893								(4,134,075	)
							Total Unrealized Appreciation		40,407
							Total Unrealized Depreciation		(4,174,482	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Ultra MidCap400

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Investments	Shares		Value ($)
COMMON STOCKS(a) - 84.8%
Aerospace & Defense - 1.4%
Axon Enterprise, Inc.*		3,562		713,504
Curtiss-Wright Corp.		2,017		352,552
Hexcel Corp.		4,434		323,460
Mercury Systems, Inc.*		3,056		159,951
Woodward, Inc.		3,169		313,731
				1,863,198
Air Freight & Logistics - 0.2%
GXO Logistics, Inc.*		6,251		309,862
Airlines - 0.1%
JetBlue Airways Corp.*		17,067		141,656
Auto Components - 1.3%
Adient plc*		4,996		213,429
Dana, Inc.		6,724		106,508
Fox Factory Holding Corp.*		2,226		261,555
Gentex Corp.		12,359		352,850
Goodyear Tire & Rubber Co. (The)*		14,905		169,321
Lear Corp.		3,115		435,010
Visteon Corp.*		1,483		247,720
				1,786,393
Automobiles - 0.4%
Harley-Davidson, Inc.		7,010		333,325
Thor Industries, Inc.(b)		2,828		257,320
				590,645
Banks - 6.0%
Associated Banc-Corp.		7,923		183,417
Bank of Hawaii Corp.(b)		2,108		157,805
Bank OZK		5,830		268,355
Cadence Bank		9,612		255,295
Cathay General Bancorp		3,922		168,332
Columbia Banking System, Inc.		10,934		325,068
Commerce Bancshares, Inc.		6,005		397,231
Cullen/Frost Bankers, Inc.		3,389		446,738
East West Bancorp, Inc.		7,425		565,859
First Financial Bankshares, Inc.(b)		6,839		250,854
First Horizon Corp.		28,271		700,273
FNB Corp.		18,482		263,738
Fulton Financial Corp.		8,828		151,842
Glacier Bancorp, Inc.		5,836		276,510
Hancock Whitney Corp.		4,515		221,777
Home BancShares, Inc.		9,994		240,855
International Bancshares Corp.		2,783		135,059
Old National Bancorp		15,434		272,719
PacWest Bancorp		6,206		172,216
Pinnacle Financial Partners, Inc.		4,028		298,435
Prosperity Bancshares, Inc.		4,809		353,413
Synovus Financial Corp.		7,662		320,348
Texas Capital Bancshares, Inc.*		2,629		174,119
UMB Financial Corp.		2,291		207,702
United Bankshares, Inc.		7,095		289,263
Valley National Bancorp		22,145		256,439
Washington Federal, Inc.		3,442		120,711
Webster Financial Corp.		9,167		486,951
Wintrust Financial Corp.		3,201		294,908
				8,256,232
Beverages - 0.4%
Boston Beer Co., Inc. (The), Class A*		495		160,281
Celsius Holdings, Inc.*		2,128		193,222
Coca-Cola Consolidated, Inc.		242		134,758
				488,261
Biotechnology - 1.4%
Arrowhead Pharmaceuticals, Inc.*		5,584		180,363
Exelixis, Inc.*		16,997		290,309
Halozyme Therapeutics, Inc.*		7,122		341,785
Neurocrine Biosciences, Inc.*		5,064		522,098
United Therapeutics Corp.*		2,402		590,988
				1,925,543
Building Products - 2.6%
Builders FirstSource, Inc.*		7,751		657,130
Carlisle Cos., Inc.		2,724		703,391
Fortune Brands Innovations, Inc.		6,757		418,596
Lennox International, Inc.		1,699		432,956
Owens Corning		4,924		481,518
Simpson Manufacturing Co., Inc.		2,243		241,930
Trex Co., Inc.*		5,781		295,583
UFP Industries, Inc.		3,244		277,459
				3,508,563
Capital Markets - 1.8%
Affiliated Managers Group, Inc.		1,984		316,270
Evercore, Inc., Class A		1,882		246,881
Federated Hermes, Inc., Class B		4,455		175,304
Interactive Brokers Group, Inc., Class A		5,418		466,544
Janus Henderson Group plc		6,982		191,726
Jefferies Financial Group, Inc.		9,652		364,749
SEI Investments Co.		5,397		325,169
Stifel Financial Corp.		5,599		374,181
				2,460,824
Chemicals - 2.3%
Ashland, Inc.		2,625		267,172
Avient Corp.		4,504		196,510
Cabot Corp.		2,962		235,568
Chemours Co. (The)		7,952		271,799
Ingevity Corp.*		1,852		152,901
NewMarket Corp.		358		122,973
Olin Corp.		6,710		387,503
RPM International, Inc.		6,802		602,861
Scotts Miracle-Gro Co. (The)		2,131		175,808
Sensient Technologies Corp.		2,214		166,913
Valvoline, Inc.		9,326		328,275
Westlake Corp.		1,815		216,239
				3,124,522
Commercial Services & Supplies - 1.2%
Brink’s Co. (The)		2,448		159,732
Clean Harbors, Inc.*		2,650		349,985
IAA, Inc.*		7,046		288,252
MSA Safety, Inc.		1,940		260,639
Stericycle, Inc.*		4,857		231,582
Tetra Tech, Inc.		2,792		382,197
				1,672,387
Communications Equipment - 0.6%
Calix, Inc.*		2,998		153,348
Ciena Corp.*		7,805		376,357
Lumentum Holdings, Inc.*		3,592		193,285
Viasat, Inc.*		3,983		126,500
				849,490

Ultra MidCap400

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Investments	Shares		Value ($)
Construction & Engineering - 1.8%
AECOM		7,355		635,178
Dycom Industries, Inc.*		1,551		130,609
EMCOR Group, Inc.		2,508		419,388
Fluor Corp.*		7,485		274,475
MasTec, Inc.*		3,107		303,616
MDU Resources Group, Inc.		10,714		341,241
Valmont Industries, Inc.		1,124		356,679
				2,461,186
Construction Materials - 0.2%
Eagle Materials, Inc.		1,940		272,221
Consumer Finance - 0.3%
FirstCash Holdings, Inc.		1,976		174,382
Navient Corp.		5,576		100,647
SLM Corp.		13,185		189,600
				464,629
Containers & Packaging - 0.8%
AptarGroup, Inc.		3,439		401,400
Greif, Inc., Class A		1,349		95,847
Silgan Holdings, Inc.		4,408		235,387
Sonoco Products Co.		5,137		303,391
				1,036,025
Diversified Consumer Services - 0.9%
Graham Holdings Co., Class B		203		127,212
Grand Canyon Education, Inc.*		1,617		183,190
H&R Block, Inc.		8,191		301,429
Service Corp. International		8,103		547,195
				1,159,026
Diversified Financial Services - 0.3%
Voya Financial, Inc.		5,119		381,314
Diversified Telecommunication Services - 0.5%
Frontier Communications Parent, Inc.		11,745		321,343
Iridium Communications, Inc.*		6,620		406,270
				727,613
Electric Utilities - 1.1%
ALLETE, Inc.		3,010		184,182
Hawaiian Electric Industries, Inc.		5,768		233,316
IDACORP, Inc.		2,663		275,354
OGE Energy Corp.		10,547		376,739
PNM Resources, Inc.		4,523		221,627
Portland General Electric Co.		4,704		224,851
				1,516,069
Electrical Equipment - 1.9%
Acuity Brands, Inc.		1,693		328,374
EnerSys		2,151		195,074
Hubbell, Inc.		2,829		711,607
nVent Electric plc		8,776		402,292
Regal Rexnord Corp.		3,484		549,218
SunPower Corp.*		4,498		67,560
Sunrun, Inc.*		11,228		269,921
Vicor Corp.*		1,174		55,178
				2,579,224
Electronic Equipment, Instruments & Components - 2.8%
Arrow Electronics, Inc.*		3,239		382,170
Avnet, Inc.		4,820		215,502
Belden, Inc.		2,254		190,193
Cognex Corp.		9,110		431,996
Coherent Corp.*		7,306		315,108
IPG Photonics Corp.*		1,693		208,645
Jabil, Inc.		7,094		589,015
Littelfuse, Inc.		1,304		337,384
National Instruments Corp.		6,878		347,408
Novanta, Inc.*		1,880		294,991
TD SYNNEX Corp.		2,214		213,695
Vishay Intertechnology, Inc.		6,828		144,958
Vontier Corp.		8,326		217,891
				3,888,956
Energy Equipment & Services - 0.6%
ChampionX Corp.		10,508		321,229
NOV, Inc.		20,694		452,785
				774,014
Entertainment - 0.1%
World Wrestling Entertainment, Inc., Class A		2,283		191,772
Equity Real Estate Investment Trusts (REITs) - 6.5%
Agree Realty Corp.		4,645		328,773
Apartment Income REIT Corp.		7,900		298,620
Brixmor Property Group, Inc.		15,802		357,757
Corporate Office Properties Trust		5,924		150,647
Cousins Properties, Inc.		7,980		195,430
CubeSmart		11,830		555,892
Douglas Emmett, Inc.		9,263		130,886
EastGroup Properties, Inc.		2,296		374,868
EPR Properties		3,952		161,400
First Industrial Realty Trust, Inc.		6,966		367,456
Healthcare Realty Trust, Inc.		20,051		390,995
Highwoods Properties, Inc.		5,543		146,889
Independence Realty Trust, Inc.		11,795		213,372
JBG SMITH Properties		5,222		90,079
Kilroy Realty Corp.		5,542		199,623
Kite Realty Group Trust		11,545		250,757
Lamar Advertising Co., Class A		4,597		480,662
Life Storage, Inc.		4,477		539,568
Macerich Co. (The)		11,319		135,262
Medical Properties Trust, Inc.		31,507		324,522
National Retail Properties, Inc.		9,417		426,778
National Storage Affiliates Trust		4,452		188,320
Omega Healthcare Investors, Inc.		12,339		330,562
Park Hotels & Resorts, Inc.		11,848		162,910
Pebblebrook Hotel Trust		6,928		98,863
Physicians Realty Trust		12,028		178,375
PotlatchDeltic Corp.		4,256		196,457
Rayonier, Inc.		7,714		259,036
Rexford Industrial Realty, Inc.		9,667		584,467
Sabra Health Care REIT, Inc.		12,171		144,957
SL Green Realty Corp.(b)		3,390		115,435
SL Green Realty Corp.		1		29
Spirit Realty Capital, Inc.		7,359		303,044
Vornado Realty Trust		8,452		167,181
				8,849,872
Food & Staples Retailing - 1.2%
BJ’s Wholesale Club Holdings, Inc.*		7,114		510,785
Casey’s General Stores, Inc.		1,962		407,998
Grocery Outlet Holding Corp.*		4,664		126,161
Performance Food Group Co.*		8,201		464,095
Sprouts Farmers Market, Inc.*		5,577		168,927
				1,677,966
Food Products - 1.2%
Darling Ingredients, Inc.*		8,452		534,758
Flowers Foods, Inc.		10,123		282,229
Ingredion, Inc.		3,454		343,328

Ultra MidCap400

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Investments	Shares		Value ($)
Lancaster Colony Corp.		1,045		200,619
Pilgrim’s Pride Corp.*		2,369		55,411
Post Holdings, Inc.*		2,866		257,825
				1,674,170
Gas Utilities - 1.2%
National Fuel Gas Co.		4,818		275,975
New Jersey Resources Corp.		5,070		258,722
ONE Gas, Inc.		2,853		228,697
Southwest Gas Holdings, Inc.		3,250		204,783
Spire, Inc.		2,766		194,726
UGI Corp.		11,030		410,647
				1,573,550
Health Care Equipment & Supplies - 2.9%
Enovis Corp.*		2,508		144,512
Envista Holdings Corp.*		8,589		332,051
Globus Medical, Inc., Class A*		4,079		237,969
Haemonetics Corp.*		2,668		207,490
ICU Medical, Inc.*		1,061		181,049
Inari Medical, Inc.*		2,545		143,182
Integra LifeSciences Holdings Corp.*		3,829		212,969
Lantheus Holdings, Inc.*		3,627		268,253
LivaNova plc*		2,819		133,395
Masimo Corp.*		2,549		426,473
Neogen Corp.*		11,386		201,418
Omnicell, Inc.*		2,354		128,152
Penumbra, Inc.*		2,002		520,500
QuidelOrtho Corp.*		2,818		244,997
Shockwave Medical, Inc.*		1,904		362,217
STAAR Surgical Co.*		2,541		140,746
Tandem Diabetes Care, Inc.*		3,389		121,530
				4,006,903
Health Care Providers & Services - 1.8%
Acadia Healthcare Co., Inc.*		4,793		347,540
Amedisys, Inc.*		1,711		157,327
Chemed Corp.		783		408,397
Encompass Health Corp.		5,256		297,069
HealthEquity, Inc.*		4,454		290,267
Option Care Health, Inc.*		8,146		249,838
Patterson Cos., Inc.		4,563		121,011
Progyny, Inc.*		3,966		148,963
R1 RCM, Inc.*		7,245		102,879
Tenet Healthcare Corp.*		5,697		333,445
				2,456,736
Hotels, Restaurants & Leisure - 2.5%
Boyd Gaming Corp.		4,179		272,178
Choice Hotels International, Inc.		1,460		172,806
Churchill Downs, Inc.		1,735		426,428
Cracker Barrel Old Country Store, Inc.		1,167		127,156
Light & Wonder, Inc.*		4,935		308,981
Marriott Vacations Worldwide Corp.		2,017		308,581
Papa John’s International, Inc.		1,693		142,127
Penn Entertainment, Inc.*		8,174		249,552
Texas Roadhouse, Inc.		3,525		357,929
Travel + Leisure Co.		4,282		179,630
Wendy’s Co. (The)		8,981		197,223
Wingstop, Inc.		1,575		268,301
Wyndham Hotels & Resorts, Inc.		4,653		358,374
				3,369,266
Household Durables - 1.3%
Helen of Troy Ltd.*		1,263		142,327
KB Home		4,376		154,342
Leggett & Platt, Inc.		6,984		240,878
Taylor Morrison Home Corp., Class A*		5,710		204,589
Tempur Sealy International, Inc.		9,008		385,002
Toll Brothers, Inc.		5,553		332,847
TopBuild Corp.*		1,684		349,582
				1,809,567
Household Products - 0.1%
Energizer Holdings, Inc.		3,492		126,515
Independent Power and Renewable Electricity Producers - 0.2%
Ormat Technologies, Inc.		2,568		217,047
Insurance - 3.5%
American Financial Group, Inc.		3,678		493,257
Brighthouse Financial, Inc.*		3,642		210,617
CNO Financial Group, Inc.		6,029		154,463
First American Financial Corp.		5,457		309,848
Hanover Insurance Group, Inc. (The)		1,874		261,386
Kemper Corp.		3,366		207,346
Kinsale Capital Group, Inc.		1,135		361,724
Old Republic International Corp.		14,911		393,203
Primerica, Inc.		1,942		372,747
Reinsurance Group of America, Inc.		3,522		508,823
RenaissanceRe Holdings Ltd.		2,303		494,915
RLI Corp.		2,128		293,472
Selective Insurance Group, Inc.		3,174		322,256
Unum Group		9,852		438,907
				4,822,964
Interactive Media & Services - 0.2%
TripAdvisor, Inc.*		5,520		119,067
Ziff Davis, Inc.*		2,485		196,265
				315,332
IT Services - 1.8%
Concentrix Corp.		2,231		305,290
Euronet Worldwide, Inc.*		2,481		270,057
ExlService Holdings, Inc.*		1,743		286,741
Genpact Ltd.		8,883		423,986
Kyndryl Holdings, Inc.*		10,754		168,730
Maximus, Inc.		3,188		261,671
Western Union Co. (The)		20,347		263,697
WEX, Inc.*		2,296		442,692
				2,422,864
Leisure Products - 1.0%
Brunswick Corp.		3,819		333,857
Mattel, Inc.*		18,673		335,928
Polaris, Inc.		2,871		326,576
Topgolf Callaway Brands Corp.*		7,305		169,330
YETI Holdings, Inc.*		4,545		177,164
				1,342,855
Life Sciences Tools & Services - 1.2%
Azenta, Inc.*		3,951		173,409
Bruker Corp.		5,269		363,140
Medpace Holdings, Inc.*		1,327		257,279
Repligen Corp.*		2,720		474,286
Sotera Health Co.*		5,205		86,871
Syneos Health, Inc.*		5,422		218,073
				1,573,058
Machinery - 4.1%
AGCO Corp.		3,261		459,181

Ultra MidCap400

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Investments	Shares		Value ($)
Chart Industries, Inc.*		2,195		293,032
Crane Holdings Co.		2,513		301,007
Donaldson Co., Inc.		6,451		408,026
Esab Corp.		2,721		159,587
Flowserve Corp.		6,887		238,910
Graco, Inc.		8,879		617,446
ITT, Inc.		4,355		395,826
Kennametal, Inc.		4,246		120,289
Lincoln Electric Holdings, Inc.		3,042		510,843
Middleby Corp. (The)*		2,838		441,281
Oshkosh Corp.		3,445		307,259
Terex Corp.		3,555		210,491
Timken Co. (The)		3,486		297,879
Toro Co. (The)		5,490		606,316
Watts Water Technologies, Inc., Class A		1,438		251,981
				5,619,354
Marine - 0.2%
Kirby Corp.*		3,157		228,977
Media - 0.9%
Cable One, Inc.		253		174,724
John Wiley & Sons, Inc., Class A		2,262		100,636
New York Times Co. (The), Class A		8,662		333,487
Nexstar Media Group, Inc., Class A		1,986		369,198
TEGNA, Inc.		11,756		204,555
				1,182,600
Metals & Mining - 2.3%
Alcoa Corp.		9,322		456,219
Cleveland-Cliffs, Inc.*		27,149		579,088
Commercial Metals Co.		6,183		319,970
MP Materials Corp.*		4,863		170,205
Reliance Steel & Aluminum Co.		3,091		766,074
Royal Gold, Inc.		3,458		410,776
United States Steel Corp.		12,348		378,219
Worthington Industries, Inc.		1,598		96,583
				3,177,134
Mortgage Real Estate Investment Trusts (REITs) - 0.4%
Annaly Capital Management, Inc.		24,649		509,741
Multiline Retail - 0.6%
Kohl’s Corp.		6,145		172,306
Macy’s, Inc.		14,277		292,107
Nordstrom, Inc.		5,871		114,367
Ollie’s Bargain Outlet Holdings, Inc.*		3,068		176,533
				755,313
Multi-Utilities - 0.3%
Black Hills Corp.		3,427		210,452
NorthWestern Corp.		3,044		175,882
				386,334
Oil, Gas & Consumable Fuels - 2.4%
Antero Midstream Corp.		17,648		186,010
Antero Resources Corp.*		14,547		381,131
CNX Resources Corp.*		9,510		145,979
DT Midstream, Inc.		5,097		255,869
Equitrans Midstream Corp.		22,801		137,490
HF Sinclair Corp.		7,088		352,415
Matador Resources Co.		5,914		318,114
Murphy Oil Corp.		7,699		300,415
PBF Energy, Inc., Class A		6,021		263,178
PDC Energy, Inc.		4,854		325,752
Range Resources Corp.		12,731		342,973
Southwestern Energy Co.*		58,145		308,169
				3,317,495
Paper & Forest Products - 0.2%
Louisiana-Pacific Corp.		3,777		220,992
Personal Products - 0.3%
BellRing Brands, Inc.*		7,136		220,360
Coty, Inc., Class A*		19,263		217,672
				438,032
Pharmaceuticals - 0.5%
Jazz Pharmaceuticals plc*		3,318		465,847
Perrigo Co. plc		7,094		267,373
				733,220
Professional Services - 1.5%
ASGN, Inc.*		2,629		233,455
CACI International, Inc., Class A*		1,239		363,027
FTI Consulting, Inc.*		1,815		333,434
Insperity, Inc.		1,878		233,041
KBR, Inc.		7,229		398,390
ManpowerGroup, Inc.		2,663		226,035
Science Applications International Corp.		2,904		309,683
				2,097,065
Real Estate Management & Development - 0.3%
Jones Lang LaSalle, Inc.*		2,500		436,150
Road & Rail - 1.5%
Avis Budget Group, Inc.*		1,308		287,315
Knight-Swift Transportation Holdings, Inc.		8,465		481,151
Landstar System, Inc.		1,891		341,874
Ryder System, Inc.		2,647		259,168
Saia, Inc.*		1,395		377,864
Werner Enterprises, Inc.		3,095		143,763
XPO, Inc.*		6,068		202,428
				2,093,563
Semiconductors & Semiconductor Equipment - 2.5%
Allegro MicroSystems, Inc.*		3,427		149,691
Amkor Technology, Inc.		5,291		136,296
Cirrus Logic, Inc.*		2,902		298,181
Lattice Semiconductor Corp.*		7,219		613,326
MACOM Technology Solutions Holdings, Inc.*		2,691		184,441
MKS Instruments, Inc.		3,012		291,953
Power Integrations, Inc.		3,012		247,737
Silicon Laboratories, Inc.*		1,754		313,142
SiTime Corp.*		848		105,279
Synaptics, Inc.*		2,102		247,216
Universal Display Corp.		2,290		311,097
Wolfspeed, Inc.*		6,544		484,125
				3,382,484
Software - 2.8%
ACI Worldwide, Inc.*		5,922		153,084
Aspen Technology, Inc.*		1,529		324,163
Blackbaud, Inc.*		2,350		130,872
CommVault Systems, Inc.*		2,346		138,133
Dynatrace, Inc.*		11,360		483,141
Envestnet, Inc.*		2,915		182,217
Fair Isaac Corp.*		1,313		889,413
Manhattan Associates, Inc.*		3,287		472,506
NCR Corp.*		7,240		184,837
Paylocity Holding Corp.*		2,171		418,156

Ultra MidCap400

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Investments	Shares		Value ($)
Qualys, Inc.*		1,823		215,387
Teradata Corp.*		5,363		218,596
				3,810,505
Specialty Retail - 2.5%
AutoNation, Inc.*		1,800		245,718
Dick’s Sporting Goods, Inc.		2,929		376,757
Five Below, Inc.*		2,924		597,373
Foot Locker, Inc.		4,178		182,662
GameStop Corp., Class A*(b)		13,319		256,124
Gap, Inc. (The)		11,116		144,619
Lithia Motors, Inc., Class A		1,440		367,459
Murphy USA, Inc.		1,095		279,324
RH*		1,013		302,918
Victoria’s Secret & Co.*		4,280		169,659
Williams-Sonoma, Inc.		3,516		439,219
				3,361,832
Technology Hardware, Storage & Peripherals - 0.2%
Super Micro Computer, Inc.*		2,450		240,027
Xerox Holdings Corp.		5,906		97,390
				337,417
Textiles, Apparel & Luxury Goods - 1.8%
Capri Holdings Ltd.*		6,785		336,333
Carter’s, Inc.		2,011		151,609
Columbia Sportswear Co.		1,866		162,715
Crocs, Inc.*		3,254		396,044
Deckers Outdoor Corp.*		1,395		580,808
Hanesbrands, Inc.		18,387		104,438
PVH Corp.		3,435		275,625
Skechers USA, Inc., Class A*		7,070		314,686
Under Armour, Inc., Class A*		9,942		98,724
Under Armour, Inc., Class C*		10,383		91,370
				2,512,352
Thrifts & Mortgage Finance - 0.6%
Essent Group Ltd.		5,673		243,655
MGIC Investment Corp.		15,652		215,372
New York Community Bancorp, Inc.		35,841		318,268
				777,295
Trading Companies & Distributors - 0.9%
GATX Corp.		1,855		202,362
MSC Industrial Direct Co., Inc., Class A		2,487		210,201
Univar Solutions, Inc.*		8,597		298,746
Watsco, Inc.		1,752		533,852
				1,245,161
Water Utilities - 0.4%
Essential Utilities, Inc.		12,576		538,001
TOTAL COMMON STOCKS (Cost $109,273,074)				115,829,307
SECURITIES LENDING REINVESTMENTS(c) - 0.2%
INVESTMENT COMPANIES - 0.2%
BlackRock Liquidity FedFund, Institutional Class 4.42% (Cost $234,531)		234,531		234,531

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 16.0%
REPURCHASE AGREEMENTS(d) - 16.0%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $21,829,723
(Cost $21,827,014)		21,827,014		21,827,014
Total Investments - 101.0% (Cost $131,334,619)				137,890,852
Liabilities in excess of other assets - (1.0%)				(1,385,228	)
Net Assets - 100.0%				136,505,624

Ultra MidCap400

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $35,300,149.
(b)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $314,951, collateralized in the form of cash with a value of $234,531 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Portfolio Investments and $87,970 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.13% – 4.38%, and maturity dates ranging from March 15, 2023 – February 15, 2052. The total value of collateral is $322,501.
(c)	The security was purchased with cash collateral held from securities on loan at February 28, 2023. The total value of securities purchased was $234,531.
(d)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Ultra MidCap400

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Futures Contracts Purchased

Ultra MidCap400 had the following open long futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
S&P Midcap 400 E-Mini Index		45	3/17/2023	USD	$	11,714,400	$	571,858

Swap Agreements

Ultra MidCap400 had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	13,625,801	5/8/2023	Bank of America NA		4.97	%	S&P MidCap 400®		(2,924,520	)
	21,745,623	5/8/2023	BNP Paribas SA		5.02	%	S&P MidCap 400®		(7,690,008	)
	11,318,856	4/10/2023	Citibank NA		4.97	%	S&P MidCap 400®		(3,408,958	)
	21,681,623	3/7/2023	Goldman Sachs International		4.84	%	SPDR® S&P MidCap 400® ETF Trust		(4,626,327	)
	33,217,928	3/7/2023	Goldman Sachs International		5.07	%	S&P MidCap 400®		(321,480	)
	9,620,507	3/6/2024	Morgan Stanley & Co. International plc		5.12	%	S&P MidCap 400®		758,384
	22,174,762	3/7/2023	Societe Generale		4.84	%	S&P MidCap 400®		(4,253,910	)
	12,112,112	3/7/2023	UBS AG		4.92	%	S&P MidCap 400®		(4,343,359	)
	145,497,212								(26,810,178	)
							Total Unrealized Appreciation		758,384
							Total Unrealized Depreciation		(27,568,562	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

Ultra MSCI Brazil Capped  

Schedule of Portfolio Investments  

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 55.0%
REPURCHASE AGREEMENTS(a) - 55.0%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $2,332,877
(Cost $2,332,587)		2,332,587		2,332,587
Total Investments - 55.0% (Cost $2,332,587)				2,332,587
Other assets less liabilities - 45.0%				1,911,073
Net Assets - 100.0%				4,243,660

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements^a

Ultra MSCI Brazil Capped had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)		Termination Dateb	Counterparty	Rate Paid (Received)c			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	400,571	4/10/2025	Bank of America NA		4.87	%	iShares® MSCI Brazil Capped ETF		(41,511	)
	2,832,213	4/10/2023	Citibank NA		4.87	%	iShares® MSCI Brazil Capped ETF		(978,754	)
	2,623,206	4/10/2023	Goldman Sachs International		3.57	%	iShares® MSCI Brazil Capped ETF		(1,723,942	)
	87,676	4/10/2023	Morgan Stanley & Co. International plc		5.02	%	iShares® MSCI Brazil Capped ETF		4,396
	30,997	4/10/2023	Societe Generale		4.57	%	iShares® MSCI Brazil Capped ETF		(549,410	)
	2,529,331	4/10/2023	UBS AG		4.57	%	iShares® MSCI Brazil Capped ETF		(847,679	)
	8,503,994								(4,136,900	)
							Total Unrealized Appreciation		4,396
							Total Unrealized Depreciation		(4,141,296	)

^a  In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.

^b  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^c  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Ultra MSCI EAFE

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 66.3%
REPURCHASE AGREEMENTS(a) - 66.3%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $8,942,944
(Cost $8,941,834)		8,941,834		8,941,834
Total Investments - 66.3% (Cost $8,941,834)				8,941,834
Other assets less liabilities - 33.7%				4,543,021
Net Assets - 100.0%				13,484,855

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements^a

Ultra MSCI EAFE had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)		Termination Dateb	Counterparty	Rate Paid (Received)c			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	5,354,602	4/10/2025	Bank of America NA		4.87	%	iShares® MSCI EAFE ETF		661,808
	4,113,318	4/10/2023	Citibank NA		4.97	%	iShares® MSCI EAFE ETF		(1,198,585	)
	2,791,845	3/7/2023	Goldman Sachs International		5.17	%	iShares® MSCI EAFE ETF		(260,955	)
	2,659	11/9/2023	Morgan Stanley & Co. International plc		5.02	%	iShares® MSCI EAFE ETF		(401	)
	6,425,232	3/7/2023	Societe Generale		5.07	%	iShares® MSCI EAFE ETF		(944,790	)
	8,290,450	3/7/2023	UBS AG		4.77	%	iShares® MSCI EAFE ETF		(863,251	)
	26,978,106								(2,606,174	)
							Total Unrealized Appreciation		661,808
							Total Unrealized Depreciation		(3,267,982	)

^a  In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.

^b  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^c  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Ultra MSCI Emerging Markets  

Schedule of Portfolio Investments  

February 28, 2023 (Unaudited) 

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 71.9%
REPURCHASE AGREEMENTS(a) - 71.9%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $12,202,134
(Cost $12,200,620)		12,200,620		12,200,620
Total Investments - 71.9% (Cost $12,200,620)				12,200,620
Other assets less liabilities - 28.1%				4,779,107
Net Assets - 100.0%				16,979,727

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements^a

Ultra MSCI Emerging Markets had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Dateb	Counterparty	Rate Paid (Received)c			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	7,655,337	5/8/2023	Bank of America NA		4.82	%	iShares® MSCI Emerging Markets ETF		(6,467,703	)
	4,849,026	4/10/2023	Citibank NA		4.72	%	iShares® MSCI Emerging Markets ETF		(760,658	)
	461,258	3/7/2023	Goldman Sachs International		4.87	%	iShares® MSCI Emerging Markets ETF		(613,633	)
	94,965	4/10/2023	Morgan Stanley & Co. International plc		5.02	%	iShares® MSCI Emerging Markets ETF		(31,214	)
	8,695,106	3/7/2023	Societe Generale		4.32	%	iShares® MSCI Emerging Markets ETF		(2,705,007	)
	12,360,947	4/10/2025	UBS AG		4.37	%	iShares® MSCI Emerging Markets ETF		1,212,446
	34,116,639								(9,365,769	)
							Total Unrealized Appreciation		1,212,446
							Total Unrealized Depreciation		(10,578,215	)

^a  In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.

^b  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^c  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Ultra MSCI Japan

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
EXCHANGE TRADED FUNDS - 49.2%
iShares MSCI Japan ETF
(Cost $2,509,826)		46,250		2,587,225

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 21.4%
REPURCHASE AGREEMENTS(a) - 21.4%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $1,122,797
(Cost $1,122,658)		1,122,658		1,122,658
Total Investments - 70.6% (Cost $3,632,484)				3,709,883
Other assets less liabilities - 29.4%				1,545,248
Net Assets - 100.0%				5,255,131

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements^a

Ultra MSCI Japan had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)		Termination Dateb	Counterparty	Rate Paid (Received)c			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	871,871	12/14/2023	Bank of America NA		4.92	%	iShares® MSCI Japan ETF		(213,224	)
	3,411,791	4/10/2025	Citibank NA		5.07	%	iShares® MSCI Japan ETF		(7,051	)
	8,888	3/7/2023	Goldman Sachs International		5.07	%	iShares® MSCI Japan ETF		(895,128	)
	163,797	11/9/2023	Morgan Stanley & Co. International plc		5.02	%	iShares® MSCI Japan ETF		(38,010	)
	1,503,372	3/7/2023	Societe Generale		4.72	%	iShares® MSCI Japan ETF		(146,077	)
	1,989,774	11/9/2023	UBS AG		4.57	%	iShares® MSCI Japan ETF		139,867
	7,949,493								(1,159,623	)
							Total Unrealized Appreciation		139,867
							Total Unrealized Depreciation		(1,299,490	)

^a  In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.

^b  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^c  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Ultra Nasdaq Biotechnology

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 78.0%
Biotechnology - 62.6%
2seventy bio, Inc.*		2,927		39,485
4D Molecular Therapeutics, Inc.*		2,499		48,081
89bio, Inc.*(b)		3,592		48,923
Abcam plc, ADR*		2,386		34,382
Absci Corp.*		7,133		15,122
ACADIA Pharmaceuticals, Inc.*		12,500		258,625
Acumen Pharmaceuticals, Inc.*(b)		3,158		16,643
Adaptimmune Therapeutics plc, ADR*		11,164		19,760
Adicet Bio, Inc.*		3,308		26,067
ADMA Biologics, Inc.*		17,054		60,542
Affimed NV*		11,526		10,479
Agios Pharmaceuticals, Inc.*		4,242		107,365
Akero Therapeutics, Inc.*		3,611		164,337
Alaunos Therapeutics, Inc.*(b)		18,557		10,299
Alector, Inc.*		6,384		54,519
Alkermes plc*		12,683		339,143
Allakos, Inc.*		6,577		39,133
Allogene Therapeutics, Inc.*		11,132		70,688
Allovir, Inc.*(b)		7,192		48,546
Alnylam Pharmaceuticals, Inc.*		9,496		1,818,009
Alpine Immune Sciences, Inc.*		3,543		28,238
Altimmune, Inc.*		3,793		47,754
ALX Oncology Holdings, Inc.*		3,147		20,833
Amarin Corp. plc, ADR*		30,990		62,910
Amgen, Inc.		23,508		5,445,863
Amicus Therapeutics, Inc.*		21,670		285,827
AnaptysBio, Inc.*		2,195		54,656
Anavex Life Sciences Corp.*(b)		6,016		57,272
Annexon, Inc.*		3,677		19,598
Apellis Pharmaceuticals, Inc.*		8,535		558,872
Arbutus Biopharma Corp.*		12,078		33,577
Arcellx, Inc.*		3,385		94,814
Arcturus Therapeutics Holdings, Inc.*		2,046		33,248
Arcutis Biotherapeutics, Inc.*		4,702		76,078
Ardelyx, Inc.*		14,472		41,679
Argenx SE, ADR*		2,395		876,618
Arrowhead Pharmaceuticals, Inc.*		8,181		264,246
ARS Pharmaceuticals, Inc.*(b)		7,238		64,563
Ascendis Pharma A/S, ADR*		4,311		478,909
Atara Biotherapeutics, Inc.*		7,324		29,662
Aurinia Pharmaceuticals, Inc.*		10,970		99,717
Avidity Biosciences, Inc.*		5,129		121,557
Beam Therapeutics, Inc.*		5,439		218,865
BeiGene Ltd., ADR*(b)		3,692		829,334
BELLUS Health, Inc.*(b)		9,710		74,767
Bicycle Therapeutics plc, ADR*(b)		1,971		44,801
BioAtla, Inc.*		3,563		10,618
BioCryst Pharmaceuticals, Inc.*		14,390		127,351
Biogen, Inc.*		11,031		2,976,826
BioMarin Pharmaceutical, Inc.*		14,346		1,428,718
Biomea Fusion, Inc.*		2,270		29,147
BioNTech SE, ADR		7,099		923,225
Bluebird Bio, Inc.*		7,939		41,283
Blueprint Medicines Corp.*		4,617		195,622
Bridgebio Pharma, Inc.*		11,539		131,775
C4 Therapeutics, Inc.*		3,780		19,921
Caribou Biosciences, Inc.*		4,709		28,678
Centessa Pharmaceuticals plc, ADR*(b)		4,052		14,263
Century Therapeutics, Inc.*(b)		4,553		20,534
Chinook Therapeutics, Inc.*		4,935		107,682
Cogent Biosciences, Inc.*		5,395		71,376
Coherus Biosciences, Inc.*		6,003		40,640
Compass Pathways plc, ADR*(b)		1,827		15,073
Concert Pharmaceuticals, Inc.*(b)		4,802		40,241
Crinetics Pharmaceuticals, Inc.*		4,153		81,565
CRISPR Therapeutics AG*		6,042		297,991
Cullinan Oncology, Inc.*		3,534		39,899
CureVac NV*		17,244		148,988
Cytokinetics, Inc.*		7,305		316,745
Day One Biopharmaceuticals, Inc.*		5,678		104,589
Deciphera Pharmaceuticals, Inc.*		5,753		83,419
Denali Therapeutics, Inc.*		10,483		284,613
Design Therapeutics, Inc.*(b)		4,316		30,514
Dyne Therapeutics, Inc.*		4,025		51,842
Eagle Pharmaceuticals, Inc.*		1,005		28,140
Editas Medicine, Inc.*		5,308		47,984
Eiger BioPharmaceuticals, Inc.*		3,403		6,398
Enanta Pharmaceuticals, Inc.*		1,606		77,891
EQRx, Inc.*		37,703		85,209
Erasca, Inc.*(b)		10,634		38,282
Evelo Biosciences, Inc.*(b)		8,462		5,246
Exelixis, Inc.*		24,899		425,275
Exscientia plc, ADR*(b)		2,789		18,156
Fate Therapeutics, Inc.*		7,500		45,900
FibroGen, Inc.*		7,252		160,994
Foghorn Therapeutics, Inc.*		3,228		18,496
G1 Therapeutics, Inc.*		3,908		14,147
Galapagos NV, ADR*		1,034		38,759
Generation Bio Co.*		4,587		18,165
Genmab A/S, ADR*(b)		3,301		123,986
Geron Corp.*		33,741		93,800
Gilead Sciences, Inc.		76,660		6,173,430
Gossamer Bio, Inc.*(b)		7,293		12,617
Gracell Biotechnologies, Inc., ADR*		5,149		10,349
Graphite Bio, Inc.*		4,489		11,806
GreenLight Biosciences Holdings PBC*		11,700		5,616
Grifols SA, ADR*		8,584		74,337
Gritstone bio, Inc.*		6,437		15,771
Halozyme Therapeutics, Inc.*		10,438		500,920
HilleVax, Inc.*(b)		2,574		43,372
Horizon Therapeutics plc*		17,493		1,915,309
Humacyte, Inc.*(b)		7,960		24,358
Ideaya Biosciences, Inc.*		3,712		65,517
IGM Biosciences, Inc.*		2,250		47,295
I-Mab, ADR*		4,204		18,077
Immuneering Corp., Class A*(b)		2,038		9,966
ImmunityBio, Inc.*(b)		30,901		75,398
Immunocore Holdings plc, ADR*		1,986		108,932
ImmunoGen, Inc.*		17,040		66,115
Immunovant, Inc.*		9,972		174,211
Incyte Corp.*		17,173		1,321,978
Inhibrx, Inc.*		3,363		80,914
Inovio Pharmaceuticals, Inc.*(b)		19,259		24,266
Insmed, Inc.*		10,457		213,114
Instil Bio, Inc.*		10,017		7,784
Intellia Therapeutics, Inc.*		6,072		243,912
Intercept Pharmaceuticals, Inc.*		3,198		64,536
Invivyd, Inc.*		8,415		14,642
Ionis Pharmaceuticals, Inc.*		10,966		393,679
Iovance Biotherapeutics, Inc.*		12,184		88,821
Ironwood Pharmaceuticals, Inc.*		11,840		133,437

Ultra Nasdaq Biotechnology

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
iTeos Therapeutics, Inc.*		2,746		48,632
IVERIC bio, Inc.*		10,504		218,273
Karuna Therapeutics, Inc.*		2,652		528,862
Karyopharm Therapeutics, Inc.*		8,741		26,398
Keros Therapeutics, Inc.*		2,127		113,199
Kezar Life Sciences, Inc.*		5,262		33,098
Kiniksa Pharmaceuticals Ltd., Class A*		2,665		34,272
Kinnate Biopharma, Inc.*		3,408		17,994
Kodiak Sciences, Inc.*		4,036		26,234
Krystal Biotech, Inc.*		1,987		162,755
Kura Oncology, Inc.*		5,268		62,795
Kymera Therapeutics, Inc.*		4,235		132,894
Legend Biotech Corp., ADR*		5,001		230,946
Lexicon Pharmaceuticals, Inc.*		14,569		32,780
Lyell Immunopharma, Inc.*(b)		19,246		41,379
MacroGenics, Inc.*		4,745		28,897
Madrigal Pharmaceuticals, Inc.*		1,321		358,004
MannKind Corp.*		20,317		107,274
MeiraGTx Holdings plc*		3,452		26,649
Mersana Therapeutics, Inc.*		7,701		46,668
Merus NV*		3,573		68,137
Mirati Therapeutics, Inc.*		4,444		203,713
Mirum Pharmaceuticals, Inc.*		2,846		66,909
Moderna, Inc.*		29,640		4,114,328
Monte Rosa Therapeutics, Inc.*(b)		3,736		22,715
Morphic Holding, Inc.*		2,977		126,582
Myriad Genetics, Inc.*		6,255		118,345
Neurocrine Biosciences, Inc.*		7,422		765,208
Nkarta, Inc.*		3,768		15,826
Novavax, Inc.*(b)		6,059		56,106
Nurix Therapeutics, Inc.*		3,639		34,316
Nuvalent, Inc., Class A*(b)		3,937		119,252
Omega Therapeutics, Inc.*		3,708		23,954
PepGen, Inc.*		1,825		27,868
PMV Pharmaceuticals, Inc.*		3,525		25,415
Poseida Therapeutics, Inc.*		6,634		37,747
Precigen, Inc.*		19,372		24,409
Prelude Therapeutics, Inc.*(b)		2,815		15,933
Prometheus Biosciences, Inc.*		3,582		438,401
Protagonist Therapeutics, Inc.*		3,796		61,571
Prothena Corp. plc*		3,733		208,152
PTC Therapeutics, Inc.*		5,548		242,281
RAPT Therapeutics, Inc.*		2,623		77,247
Recursion Pharmaceuticals, Inc., Class A*		14,025		114,304
Regeneron Pharmaceuticals, Inc.*		8,261		6,281,830
REGENXBIO, Inc.*		3,342		74,360
Relay Therapeutics, Inc.*		9,332		150,712
Repare Therapeutics, Inc.*(b)		3,239		33,200
Replimune Group, Inc.*		4,365		95,594
REVOLUTION Medicines, Inc.*		6,854		183,413
Rhythm Pharmaceuticals, Inc.*(b)		4,350		105,749
Rocket Pharmaceuticals, Inc.*		5,842		112,225
Roivant Sciences Ltd.*(b)		55,995		453,000
Sage Therapeutics, Inc.*		4,591		191,169
Sana Biotechnology, Inc.*(b)		14,723		54,033
Sangamo Therapeutics, Inc.*		12,649		38,579
Sarepta Therapeutics, Inc.*		6,776		827,553
Scholar Rock Holding Corp.*		3,988		34,217
Seagen, Inc.*		14,332		2,575,317
Selecta Biosciences, Inc.*		11,814		19,257
Seres Therapeutics, Inc.*		9,618		48,571
SpringWorks Therapeutics, Inc.*		4,816		153,630
Stoke Therapeutics, Inc.*		3,044		27,061
Summit Therapeutics, Inc.*		15,540		27,972
Sutro Biopharma, Inc.*		4,437		25,025
Syndax Pharmaceuticals, Inc.*		5,257		133,265
Tango Therapeutics, Inc.*		6,807		35,601
Travere Therapeutics, Inc.*		4,954		109,781
Twist Bioscience Corp.*		4,366		84,962
Ultragenyx Pharmaceutical, Inc.*		5,410		240,691
uniQure NV*		3,613		75,728
United Therapeutics Corp.*		3,517		865,323
UroGen Pharma Ltd.*		1,783		18,365
Vanda Pharmaceuticals, Inc.*		4,368		28,130
Vaxcyte, Inc.*		6,096		249,753
Veracyte, Inc.*		5,539		136,315
Vertex Pharmaceuticals, Inc.*		19,805		5,749,193
Verve Therapeutics, Inc.*(b)		4,754		90,326
Vir Biotechnology, Inc.*		10,276		234,293
Xencor, Inc.*		4,626		148,633
Xenon Pharmaceuticals, Inc.*		4,828		190,513
Zai Lab Ltd., ADR*		5,328		197,935
Zentalis Pharmaceuticals, Inc.*		4,406		83,406
				63,516,253
Health Care Equipment & Supplies - 0.6%
Cue Health, Inc.*		11,537		24,805
Novocure Ltd.*		8,100		623,457
				648,262
Health Care Providers & Services - 0.4%
23andMe Holding Co.*		22,134		55,557
Castle Biosciences, Inc.*		2,033		51,191
Guardant Health, Inc.*		7,906		244,216
PetIQ, Inc.*		2,237		20,849
				371,813
Life Sciences Tools & Services - 3.9%
AbCellera Biologics, Inc.*		22,083		185,497
Adaptive Biotechnologies Corp.*		11,040		94,392
Codexis, Inc.*		5,071		24,518
Illumina, Inc.*		12,142		2,418,686
Maravai LifeSciences Holdings, Inc., Class A*		10,153		149,757
MaxCyte, Inc.*		7,877		35,762
Medpace Holdings, Inc.*		2,401		465,506
NanoString Technologies, Inc.*		3,599		35,126
Nautilus Biotechnology, Inc.*(b)		9,628		20,411
Pacific Biosciences of California, Inc.*		17,452		158,464
Quantum-Si, Inc.*(b)		9,253		16,841
Syneos Health, Inc.*		7,944		319,508
				3,924,468
Pharmaceuticals - 10.5%
Aclaris Therapeutics, Inc.*		5,147		64,132
Amphastar Pharmaceuticals, Inc.*		3,731		118,870
Amylyx Pharmaceuticals, Inc.*		5,113		178,035
ANI Pharmaceuticals, Inc.*		1,347		56,358
Arvinas, Inc.*		4,108		125,910
AstraZeneca plc, ADR		47,155		3,073,563
ATAI Life Sciences NV*(b)		12,805		21,512
Atea Pharmaceuticals, Inc.*		6,429		22,759
Avadel Pharmaceuticals plc, ADR*(b)		4,693		46,695
Axsome Therapeutics, Inc.*(b)		3,352		228,573
Cara Therapeutics, Inc.*		4,147		42,133
Collegium Pharmaceutical, Inc.*		2,590		68,713
Cymabay Therapeutics, Inc.*		7,303		58,424
DICE Therapeutics, Inc.*		3,679		109,781
Edgewise Therapeutics, Inc.*		4,879		46,741
Esperion Therapeutics, Inc.*		5,687		35,146

Ultra Nasdaq Biotechnology

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Evolus, Inc.*		4,341		39,373
Fulcrum Therapeutics, Inc.*		4,760		28,750
Harmony Biosciences Holdings, Inc.*		4,578		201,569
Harrow Health, Inc.*		2,116		37,919
HUTCHMED China Ltd., ADR*(b)		2,855		47,250
Innoviva, Inc.*		5,385		64,997
Intra-Cellular Therapies, Inc.*		7,311		358,458
Jazz Pharmaceuticals plc*		4,860		682,344
Ligand Pharmaceuticals, Inc.*		1,305		94,143
Marinus Pharmaceuticals, Inc.*(b)		3,682		25,406
Nektar Therapeutics*		14,510		20,024
NGM Biopharmaceuticals, Inc.*		6,309		29,905
Ocular Therapeutix, Inc.*		5,945		35,908
Omeros Corp.*		4,844		18,262
Optinose, Inc.*(b)		8,479		15,262
Pacira BioSciences, Inc.*		3,545		150,911
Phathom Pharmaceuticals, Inc.*(b)		3,213		27,503
Phibro Animal Health Corp., Class A		1,569		24,649
Pliant Therapeutics, Inc.*		4,404		140,311
Provention Bio, Inc.*(b)		6,729		55,851
Reata Pharmaceuticals, Inc., Class A*		2,449		76,335
Revance Therapeutics, Inc.*		6,351		220,380
Royalty Pharma plc, Class A		34,049		1,220,657
Sanofi, ADR		22,306		1,045,036
SIGA Technologies, Inc.(b)		5,637		38,613
Supernus Pharmaceuticals, Inc.*		4,173		156,863
Tarsus Pharmaceuticals, Inc.*		2,058		31,878
Terns Pharmaceuticals, Inc.*(b)		3,821		38,707
Theravance Biopharma, Inc.*		5,200		56,160
Ventyx Biosciences, Inc.*		4,372		189,089
Verona Pharma plc, ADR*		4,687		100,489
Viatris, Inc.		93,606		1,067,108
WaVe Life Sciences Ltd.*(b)		7,545		31,689
Xeris Biopharma Holdings, Inc.*		10,499		14,489
				10,683,633
TOTAL COMMON STOCKS (Cost $98,412,376)				79,144,429

Investments	Number of Rights		Value ($)
RIGHTS - 0.0%(c)
Biotechnology - 0.0%(c)
Achillion Pharmaceuticals, Inc., CVR*(d)(e)		25,307		11,641
Summit Therapeutics, Inc., expiring 3/1/2023*(d)(e)		17,195		27,684
TOTAL RIGHTS (Cost $11,641)				39,325

Investments	Shares		Value ($)
SECURITIES LENDING REINVESTMENTS(f) - 1.7%
INVESTMENT COMPANIES - 1.7%
BlackRock Liquidity FedFund, Institutional Class 4.42% (Cost $1,678,273)		1,678,273		1,678,273

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 20.2%
REPURCHASE AGREEMENTS(g) - 20.2%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $20,523,915
(Cost $20,521,368)		20,521,368		20,521,368
Total Investments - 99.9% (Cost $120,623,658)				101,383,395
Other assets less liabilities - 0.1%				129,061
Net Assets - 100.0%				101,512,456

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $36,868,963.
(b)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $1,778,055, collateralized in the form of cash with a value of $1,678,273 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Portfolio Investments and $132,902 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 6.25%, and maturity dates ranging from March 2, 2023 – May 15, 2052. The total value of collateral is $1,811,175.
(c)	Represents less than 0.05% of net assets.
(d)	Security fair valued as of February 28, 2023 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at February 28, 2023 amounted to $39,325, which represents approximately 0.04% of net assets of the Fund.
(e)	Illiquid security.
(f)	The security was purchased with cash collateral held from securities on loan at February 28, 2023. The total value of securities purchased was $1,678,273.
(g)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Abbreviations
ADR	American Depositary Receipt
CVR	Contingent Value Rights - No defined expiration

Ultra Nasdaq Biotechnology

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Swap Agreements

Ultra Nasdaq Biotechnology had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	26,105,539	5/8/2023	Bank of America NA		4.72	%	NASDAQ Biotechnology Index®		(14,115,448	)
	6,662,903	11/6/2023	BNP Paribas SA		4.87	%	NASDAQ Biotechnology Index®		1,516,942
	12,510,772	4/10/2023	Citibank NA		4.72	%	NASDAQ Biotechnology Index®		(10,419,756	)
	11,092,613	3/7/2023	Goldman Sachs International		5.17	%	NASDAQ Biotechnology Index®		(8,007,022	)
	2,783,341	3/6/2024	Morgan Stanley & Co. International plc		5.02	%	NASDAQ Biotechnology Index®		(75,340	)
	28,636,220	3/7/2023	Societe Generale		4.92	%	NASDAQ Biotechnology Index®		(7,681,476	)
	36,163,058	3/7/2023	UBS AG		4.57	%	NASDAQ Biotechnology Index®		(10,180,549	)
	123,954,446								(48,962,649	)
							Total Unrealized Appreciation		1,516,942
							Total Unrealized Depreciation		(50,479,591	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Ultra Nasdaq Cloud Computing

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Investments	Shares		Value ($)
COMMON STOCKS(a) - 76.5%
Communications Equipment - 4.6%
Arista Networks, Inc.*		309		42,858
Cisco Systems, Inc.		578		27,987
				70,845
Diversified Telecommunication Services - 1.4%
Lumen Technologies, Inc.		6,563		22,314
Health Care Technology - 0.4%
Veeva Systems, Inc., Class A*		38		6,295
Interactive Media & Services - 3.0%
Alphabet, Inc., Class A*		427		38,456
Eventbrite, Inc., Class A*		987		8,646
				47,102
Internet & Direct Marketing Retail - 2.7%
Amazon.com, Inc.*		446		42,027
IT Services - 18.7%
Akamai Technologies, Inc.*		303		21,998
Cloudflare, Inc., Class A*		585		35,106
DigitalOcean Holdings, Inc.*		944		30,189
Fastly, Inc., Class A*		1,466		20,363
International Business Machines Corp.		289		37,368
MongoDB, Inc.*		235		49,237
Rackspace Technology, Inc.*		2,388		5,612
Shopify, Inc., Class A*		528		21,722
Snowflake, Inc., Class A*		50		7,719
Squarespace, Inc., Class A*		350		8,193
Toast, Inc., Class A*		391		7,398
Twilio, Inc., Class A*		439		29,505
Wix.com Ltd.*		159		14,394
				288,804
Media - 0.5%
Trade Desk, Inc. (The), Class A*		138		7,722
Software - 39.8%
Adobe, Inc.*		62		20,085
Appfolio, Inc., Class A*		63		8,320
Appian Corp., Class A*		378		15,668
AppLovin Corp., Class A*		1,495		20,182
Asana, Inc., Class A*		395		5,842
Atlassian Corp., Class A*		164		26,950
Blackbaud, Inc.*		121		6,738
Blackline, Inc.*		106		7,246
Box, Inc., Class A*		262		8,738
Confluent, Inc., Class A*		935		22,805
Crowdstrike Holdings, Inc., Class A*		61		7,362
Datadog, Inc., Class A*		95		7,269
DocuSign, Inc.*		153		9,387
Domo, Inc., Class B*		397		6,102
Dropbox, Inc., Class A*		305		6,222
Elastic NV*		117		6,905
Everbridge, Inc.*		220		7,190
HashiCorp, Inc., Class A*		756		22,075
HubSpot, Inc.*		71		27,467
Intuit, Inc.		18		7,329
Microsoft Corp.		169		42,152
Nutanix, Inc., Class A*		1,524		43,053
Open Text Corp.		244		8,389
Oracle Corp.		519		45,361
Palo Alto Networks, Inc.*		42		7,912
Paycom Software, Inc.*		21		6,070
Paylocity Holding Corp.*		33		6,356
Q2 Holdings, Inc.*		264		8,522
Qualtrics International, Inc., Class A*		700		11,844
Qualys, Inc.*		58		6,853
RingCentral, Inc., Class A*		581		19,196
Salesforce, Inc.*		134		21,924
SAP SE, ADR(b)		130		14,797
ServiceNow, Inc.*		52		22,473
Smartsheet, Inc., Class A*		234		10,301
Splunk, Inc.*		277		28,392
Sprout Social, Inc., Class A*		121		7,379
Workday, Inc., Class A*		43		7,975
Workiva, Inc.*		267		23,816
Zoom Video Communications, Inc., Class A*		95		7,086
Zscaler, Inc.*		54		7,082
Zuora, Inc., Class A*		935		7,919
				614,734
Technology Hardware, Storage & Peripherals - 5.4%
Hewlett Packard Enterprise Co.		1,284		20,043
NetApp, Inc.		319		20,592
Pure Storage, Inc., Class A*		1,476		42,125
				82,760
TOTAL COMMON STOCKS (Cost $1,342,429)				1,182,603
SECURITIES LENDING REINVESTMENTS(c) - 0.9%
INVESTMENT COMPANIES - 0.9%
BlackRock Liquidity FedFund, Institutional Class 4.42% (Cost $13,748)		13,748		13,748

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 31.5%
REPURCHASE AGREEMENTS(d) - 31.5%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $487,135
(Cost $487,073)		487,073		487,073
Total Investments - 108.9% (Cost $1,843,250)				1,683,424
Liabilities in excess of other assets - (8.9%)				(137,055	)
Net Assets - 100.0%				1,546,369

* Non-income producing security.

(a) All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $378,005.

Ultra Nasdaq Cloud Computing

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

(b)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $13,317, collateralized in the form of cash with a value of $13,748 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Portfolio Investments.
(c)	The security was purchased with cash collateral held from securities on loan at February 28, 2023. The total value of securities purchased was $13,748.
(d)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

Ultra Nasdaq Cloud Computing had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	1,038,370	3/6/2024	Bank of America NA		4.67	%	ISE Cloud Computing Index		81,821
	396,735	11/6/2023	BNP Paribas SA		5.02	%	ISE Cloud Computing Index		(412,046	)
	46,181	3/7/2023	Goldman Sachs International		5.17	%	ISE Cloud Computing Index		(381,091	)
	425,424	3/6/2024	UBS AG		5.12	%	ISE Cloud Computing Index		(10,851	)
	1,906,710								(722,167	)
							Total Unrealized Appreciation		81,821
							Total Unrealized Depreciation		(803,988	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Ultra Nasdaq Cybersecurity

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 26.9%
REPURCHASE AGREEMENTS(a) - 26.9%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $693,245
(Cost $693,159)		693,159		693,159
Total Investments - 26.9% (Cost $693,159)				693,159
Other assets less liabilities - 73.1%				1,878,864
Net Assets - 100.0%				2,572,023

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

Ultra Nasdaq Cybersecurity had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Depreciation ($)
	2,205,221	3/6/2024	Bank of America NA		4.82	%	First Trust Nasdaq Cybersecurity ETF		(11,447	)
	1,454,878	11/6/2023	BNP Paribas SA		5.07	%	First Trust Nasdaq Cybersecurity ETF		(493,158	)
	1,113,147	3/7/2023	Goldman Sachs International		5.17	%	First Trust Nasdaq Cybersecurity ETF		(733,609	)
	379,294	3/6/2024	UBS AG		5.07	%	First Trust Nasdaq Cybersecurity ETF		(1,320	)
	5,152,540								(1,239,534	)
							Total Unrealized Depreciation		(1,239,534	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Ultra Oil & Gas  

Schedule of Portfolio Investments  

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 75.7%
Electric Utilities - 0.3%
OGE Energy Corp.		11,325		404,529
Electrical Equipment - 0.4%
Plug Power, Inc.*(b)		29,684		441,401
Energy Equipment & Services - 6.7%
Baker Hughes Co.		56,664		1,733,918
Halliburton Co.		51,379		1,861,461
NOV, Inc.		22,225		486,283
Schlumberger Ltd.		80,235		4,269,304
TechnipFMC plc*		25,260		386,226
				8,737,192
Oil, Gas & Consumable Fuels - 67.6%
Antero Resources Corp.*		15,622		409,296
APA Corp.		18,191		698,170
Cheniere Energy, Inc.		14,067		2,213,302
Chesapeake Energy Corp.		6,065		490,113
Chevron Corp.		100,657		16,182,626
ConocoPhillips		70,506		7,286,795
Coterra Energy, Inc.		44,610		1,113,912
Devon Energy Corp.		36,990		1,994,501
Diamondback Energy, Inc.		9,958		1,399,896
DT Midstream, Inc.		5,474		274,795
EOG Resources, Inc.		33,236		3,756,333
EQT Corp.		20,766		689,016
Equitrans Midstream Corp.		24,487		147,656
Exxon Mobil Corp.		233,025		25,611,778
Hess Corp.		15,702		2,115,059
HF Sinclair Corp.		7,611		378,419
Kinder Morgan, Inc.		111,920		1,909,355
Marathon Oil Corp.		35,934		903,740
Marathon Petroleum Corp.		26,519		3,277,748
Matador Resources Co.		6,351		341,620
New Fortress Energy, Inc.		2,719		89,700
Occidental Petroleum Corp.		41,146		2,409,510
ONEOK, Inc.		25,289		1,655,165
Ovintiv, Inc.		14,049		600,876
PDC Energy, Inc.		5,216		350,046
Phillips 66		26,743		2,742,762
Pioneer Natural Resources Co.		13,442		2,693,911
Range Resources Corp.		13,672		368,324
Southwestern Energy Co.*		62,444		330,953
Targa Resources Corp.		12,810		949,221
Texas Pacific Land Corp.		351		624,847
Valero Energy Corp.		21,813		2,873,426
Vitesse Energy, Inc.*		1,221		21,233
Williams Cos., Inc. (The)		68,917		2,074,402
				88,978,506
Semiconductors & Semiconductor Equipment - 0.7%
First Solar, Inc.*		5,610		948,876
TOTAL COMMON STOCKS (Cost $94,425,120)				99,510,504

SECURITIES LENDING REINVESTMENTS(c) - 0.0%(d)
INVESTMENT COMPANIES - 0.0%(d)
BlackRock Liquidity FedFund, Institutional Class 4.42% (Cost $54,810)	54,810	54,810

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 12.1%
REPURCHASE AGREEMENTS(e) - 12.1%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $15,953,510
(Cost $15,951,531)		15,951,531		15,951,531
Total Investments - 87.8% (Cost $110,431,461)				115,516,845
Other assets less liabilities - 12.2%				16,086,586
Net Assets - 100.0%				131,603,431

Ultra Oil & Gas  

Schedule of Portfolio Investments  

February 28, 2023 (Unaudited)

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $5,592,029.
(b)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $63,421, collateralized in the form of cash with a value of $54,810 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Portfolio Investments and $9,376 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.13% – 4.75%, and maturity dates ranging from May 15, 2024 – November 15, 2050. The total value of collateral is $64,186.
(c)	The security was purchased with cash collateral held from securities on loan at February 28, 2023. The total value of securities purchased was $54,810.
(d)	Represents less than 0.05% of net assets.
(e)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

Ultra Oil & Gas had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Depreciation ($)
	12,859,518	4/8/2024	Bank of America NA		4.87	%	Dow Jones U.S. Oil & GasSM Index		(786,062	)
	12,571,334	11/6/2023	BNP Paribas SA		5.07	%	Dow Jones U.S. Oil & GasSM Index		(18,570	)
	24,354,319	4/8/2024	Goldman Sachs International		5.17	%	Dow Jones U.S. Oil & GasSM Index		(3,162,630	)
	4,375,409	4/8/2024	Morgan Stanley & Co. International plc		5.17	%	Dow Jones U.S. Oil & GasSM Index		(869,135	)
	13,721,299	4/8/2024	Societe Generale		5.12	%	Dow Jones U.S. Oil & GasSM Index		(1,373,670	)
	96,135,689	4/8/2024	UBS AG		4.82	%	Dow Jones U.S. Oil & GasSM Index		(7,980,784	)
	164,017,568								(14,190,851	)
							Total Unrealized Depreciation		(14,190,851	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Ultra QQQ

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Investments	Shares		Value ($)
COMMON STOCKS(a) - 84.8%
Automobiles - 3.8%
Lucid Group, Inc.*(b)		381,813		3,485,953
Rivian Automotive, Inc., Class A*		207,602		4,006,718
Tesla, Inc.*		553,238		113,806,589
				121,299,260
Beverages - 2.4%
Keurig Dr Pepper, Inc.		321,968		11,123,995
Monster Beverage Corp.*		118,613		12,070,059
PepsiCo, Inc.		313,278		54,363,131
				77,557,185
Biotechnology - 3.6%
Amgen, Inc.		121,291		28,098,273
Biogen, Inc.*		32,701		8,824,692
Gilead Sciences, Inc.		285,151		22,963,210
Moderna, Inc.*		87,402		12,132,272
Regeneron Pharmaceuticals, Inc.*		24,371		18,532,196
Seagen, Inc.*		42,240		7,590,105
Vertex Pharmaceuticals, Inc.*		58,330		16,932,616
				115,073,364
Commercial Services & Supplies - 0.6%
Cintas Corp.		23,109		10,132,603
Copart, Inc.*		108,307		7,631,311
				17,763,914
Communications Equipment - 1.4%
Cisco Systems, Inc.		934,031		45,225,781
Electric Utilities - 1.0%
American Electric Power Co., Inc.		116,809		10,275,688
Constellation Energy Corp.		74,377		5,570,093
Exelon Corp.		225,934		9,125,474
Xcel Energy, Inc.		124,401		8,032,573
				33,003,828
Energy Equipment & Services - 0.2%
Baker Hughes Co.		227,656		6,966,274
Entertainment - 1.9%
Activision Blizzard, Inc.		177,955		13,569,069
Electronic Arts, Inc.		62,803		6,967,365
Netflix, Inc.*		101,133		32,577,973
Warner Bros Discovery, Inc.*		552,142		8,624,458
				61,738,865
Food & Staples Retailing - 1.7%
Costco Wholesale Corp.		100,635		48,725,454
Walgreens Boots Alliance, Inc.		196,601		6,985,234
				55,710,688
Food Products - 1.0%
Kraft Heinz Co. (The)		278,460		10,843,232
Mondelez International, Inc., Class A		310,525		20,240,020
				31,083,252
Health Care Equipment & Supplies - 1.3%
Align Technology, Inc.*		17,778		5,502,291
Dexcom, Inc.*		87,829		9,749,897
IDEXX Laboratories, Inc.*		18,833		8,912,529
Intuitive Surgical, Inc.*		80,300		18,420,017
				42,584,734
Hotels, Restaurants & Leisure - 2.2%
Airbnb, Inc., Class A*		90,525		11,159,922
Booking Holdings, Inc.*		8,833		22,294,492
Marriott International, Inc., Class A		71,991		12,183,757
Starbucks Corp.		260,968		26,642,223
				72,280,394
Industrial Conglomerates - 0.9%
Honeywell International, Inc.		152,822		29,262,357
Interactive Media & Services - 8.8%
Alphabet, Inc., Class A*		1,066,615		96,059,347
Alphabet, Inc., Class C*		1,066,493		96,304,318
Meta Platforms, Inc., Class A*		511,177		89,425,304
				281,788,969
Internet & Direct Marketing Retail - 6.3%
Amazon.com, Inc.*		1,787,460		168,432,356
eBay, Inc.		123,399		5,664,014
JD.com, Inc., ADR		110,448		4,908,309
MercadoLibre, Inc.*		11,460		13,981,200
PDD Holdings, Inc., ADR*		106,396		9,334,121
				202,320,000
IT Services - 2.3%
Automatic Data Processing, Inc.		94,295		20,727,927
Cognizant Technology Solutions Corp., Class A		116,833		7,317,251
Fiserv, Inc.*		144,393		16,618,190
Paychex, Inc.		81,884		9,039,993
PayPal Holdings, Inc.*		259,143		19,072,925
				72,776,286
Life Sciences Tools & Services - 0.2%
Illumina, Inc.*		35,789		7,129,169
Machinery - 0.3%
PACCAR, Inc.		118,557		8,559,815
Media - 1.7%
Charter Communications, Inc., Class A*		35,376		13,004,571
Comcast Corp., Class A		980,784		36,455,741
Sirius XM Holdings, Inc.(b)		884,296		3,882,060
				53,342,372
Multiline Retail - 0.2%
Dollar Tree, Inc.*		50,249		7,300,175
Oil, Gas & Consumable Fuels - 0.2%
Diamondback Energy, Inc.		39,975		5,619,686
Pharmaceuticals - 0.3%
AstraZeneca plc, ADR		138,897		9,053,306
Professional Services - 0.4%
CoStar Group, Inc.*		92,467		6,533,718
Verisk Analytics, Inc.		35,581		6,088,265
				12,621,983
Road & Rail - 0.7%
CSX Corp.		477,965		14,573,153
Old Dominion Freight Line, Inc.		25,090		8,512,033
				23,085,186
Semiconductors & Semiconductor Equipment - 13.8%
Advanced Micro Devices, Inc.*		366,520		28,801,141
Analog Devices, Inc.		115,784		21,242,890
Applied Materials, Inc.		195,625		22,721,844
ASML Holding NV (Registered), NYRS		20,100		12,416,373
Broadcom, Inc.		92,058		54,709,149

Ultra QQQ

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Investments	Shares		Value ($)
Enphase Energy, Inc.*		30,953		6,516,535
GLOBALFOUNDRIES, Inc.*(b)		123,905		8,095,953
Intel Corp.		938,489		23,396,531
KLA Corp.		32,247		12,233,867
Lam Research Corp.		31,022		15,077,002
Marvell Technology, Inc.		193,838		8,751,786
Microchip Technology, Inc.		125,059		10,133,531
Micron Technology, Inc.		247,170		14,291,369
NVIDIA Corp.		559,358		129,860,553
NXP Semiconductors NV		58,939		10,519,433
QUALCOMM, Inc.		254,833		31,479,520
Texas Instruments, Inc.		206,355		35,379,565
				445,627,042
Software - 15.0%
Adobe, Inc.*		105,742		34,255,121
ANSYS, Inc.*		19,793		6,009,353
Atlassian Corp., Class A*		33,707		5,539,071
Autodesk, Inc.*		49,047		9,745,149
Cadence Design Systems, Inc.*		62,378		12,035,211
Crowdstrike Holdings, Inc., Class A*		49,629		5,989,724
Datadog, Inc., Class A*		66,404		5,081,234
Fortinet, Inc.*		177,614		10,557,376
Intuit, Inc.		63,861		26,002,922
Microsoft Corp.		1,300,998		324,494,921
Palo Alto Networks, Inc.*		68,711		12,943,091
Synopsys, Inc.*		34,750		12,640,660
Workday, Inc., Class A*		45,953		8,522,903
Zoom Video Communications, Inc., Class A*		55,838		4,164,956
Zscaler, Inc.*		32,758		4,296,212
				482,277,904
Specialty Retail - 0.6%
O’Reilly Automotive, Inc.*		14,234		11,815,644
Ross Stores, Inc.		78,860		8,717,184
				20,532,828
Technology Hardware, Storage & Peripherals - 10.3%
Apple, Inc.		2,241,870		330,474,057
Textiles, Apparel & Luxury Goods - 0.3%
Lululemon Athletica, Inc.*		27,818		8,601,326
Trading Companies & Distributors - 0.2%
Fastenal Co.		130,211		6,713,679
Wireless Telecommunication Services - 1.2%
T-Mobile US, Inc.*		282,872		40,218,741
TOTAL COMMON STOCKS (Cost $3,230,168,417)				2,727,592,420
SECURITIES LENDING REINVESTMENTS(c) - 0.4%
INVESTMENT COMPANIES - 0.4%
BlackRock Liquidity FedFund, Institutional Class 4.42% (Cost $13,469,180)		13,469,180		13,469,180

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 37.6%
REPURCHASE AGREEMENTS(d) - 2.2%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $71,033,569
(Cost $71,024,752)		71,024,752		71,024,752
U.S. TREASURY OBLIGATIONS - 35.4%
U.S. Treasury Bills
4.41%, 3/2/2023(e)		25,000,000		24,996,966
4.07%, 3/7/2023(e)		50,000,000		49,963,248
4.14%, 3/9/2023(e)		50,000,000		49,950,181
3.87%, 3/16/2023(e)		150,000,000		149,719,844
3.84%, 3/23/2023(e)		75,000,000		74,801,828
4.15%, 4/6/2023(e)		75,000,000		74,668,950
4.55%, 4/20/2023(e)		50,000,000		49,681,666
4.61%, 5/2/2023(e)		50,000,000		49,599,218
4.62%, 5/9/2023(e)		100,000,000		99,115,778
4.53%, 5/18/2023(e)		50,000,000		49,495,437
4.75%, 5/25/2023(e)		50,000,000		49,453,403
4.82%, 6/13/2023(e)		25,000,000		24,656,583
4.65%, 6/15/2023(e)		100,000,000		98,621,926
4.72%, 6/22/2023(e)		50,000,000		49,262,754
4.90%, 6/27/2023(e)		25,000,000		24,605,233
4.69%, 7/13/2023(e)		50,000,000		49,116,903
4.72%, 7/20/2023(e)		100,000,000		98,140,954
4.88%, 8/3/2023(e)		25,000,000		24,486,993
5.03%, 8/24/2023(e)		50,000,000		48,805,685
TOTAL U.S. TREASURY OBLIGATIONS (Cost $1,139,397,899)				1,139,143,550
TOTAL SHORT-TERM INVESTMENTS (Cost $1,210,422,651)				1,210,168,302
Total Investments - 122.8% (Cost $4,454,060,248)				3,951,229,902
Liabilities in excess of other assets - (22.8%)				(733,190,611	)
Net Assets - 100.0%				3,218,039,291

Ultra QQQ

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $1,896,128,662.
(b)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $13,181,058, collateralized in the form of cash with a value of $13,469,180 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Portfolio Investments and $49,925 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.63% – 4.38%, and maturity dates ranging from April 30, 2026 – August 15, 2052. The total value of collateral is $13,519,105.
(c)	The security was purchased with cash collateral held from securities on loan at February 28, 2023. The total value of securities purchased was $13,469,180.
(d)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(e)	The rate shown was the current yield as of February 28, 2023.

Abbreviations
ADR	American Depositary Receipt
NYRS	New York Registry Shares

Ultra QQQ

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Futures Contracts Purchased

Ultra QQQ had the following open long futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
NASDAQ 100 E-Mini Index		802	3/17/2023	USD	$	193,638,890	$	16,724,473

Swap Agreements

Ultra QQQ had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	178,331,755	11/6/2023	Bank of America NA		5.17	%	NASDAQ-100 Index®		(96,738,851	)
	222,502,251	11/6/2023	Barclays Capital		5.17	%	NASDAQ-100 Index®		(17,578,784	)
	460,334,121	5/8/2023	BNP Paribas SA		5.22	%	NASDAQ-100 Index®		(246,589,424	)
	374,136,626	4/10/2023	Citibank NA		5.23	%	NASDAQ-100 Index®		(173,970,955	)
	250,067,604	3/7/2023	Goldman Sachs International		4.97	%	PowerShares QQQ TrustSM, Series 1		(210,689,783	)
	430,830,927	4/8/2024	Goldman Sachs International		5.17	%	NASDAQ-100 Index®		(46,943,853	)
	293,249,706	5/8/2023	J.P. Morgan Securities		4.97	%	NASDAQ-100 Index®		(213,921,163	)
	195,082,344	3/6/2024	Morgan Stanley & Co. International plc		5.12	%	NASDAQ-100 Index®		16,355,604
	306,077,293	3/6/2024	Morgan Stanley & Co. International plc		5.12	%	PowerShares QQQ TrustSM, Series 1		18,173,605
	598,360,901	4/8/2024	Societe Generale		5.42	%	NASDAQ-100 Index®		7,958,083
	206,197,221	3/7/2023	UBS AG		5.37	%	NASDAQ-100 Index®		(227,815,754	)
	3,515,170,749								(1,191,761,275	)
							Total Unrealized Appreciation		42,487,292
							Total Unrealized Depreciation		(1,234,248,567	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

Ultra Real Estate
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 73.4%
Equity Real Estate Investment Trusts (REITs) - 67.0%
Agree Realty Corp.		3,692		261,320
Alexandria Real Estate Equities, Inc.		6,223		932,081
American Homes 4 Rent, Class A		12,791		396,777
American Tower Corp.		19,405		3,842,384
Americold Realty Trust, Inc.		11,227		330,074
Apartment Income REIT Corp.		6,250		236,250
AvalonBay Communities, Inc.		5,830		1,005,792
Boston Properties, Inc.		5,945		389,279
Brixmor Property Group, Inc.		12,499		282,977
Camden Property Trust		4,439		509,420
Corporate Office Properties Trust		4,685		119,140
Cousins Properties, Inc.		6,311		154,556
Crown Castle, Inc.		18,048		2,359,776
CubeSmart		9,360		439,826
Digital Realty Trust, Inc.		11,982		1,248,884
Douglas Emmett, Inc.		7,327		103,530
EastGroup Properties, Inc.		1,816		296,498
Equinix, Inc.		3,857		2,654,657
Equity Commonwealth		4,561		96,830
Equity LifeStyle Properties, Inc.		7,291		499,506
Equity Residential		14,176		886,283
Essex Property Trust, Inc.		2,699		615,534
Extra Space Storage, Inc.		5,582		919,076
Federal Realty Investment Trust		3,047		325,359
First Industrial Realty Trust, Inc.		5,506		290,441
Gaming and Leisure Properties, Inc.		10,733		578,294
Healthcare Realty Trust, Inc.		15,862		309,309
Healthpeak Properties, Inc.		22,403		539,016
Highwoods Properties, Inc.		4,383		116,149
Host Hotels & Resorts, Inc.		29,799		500,623
Invitation Homes, Inc.		24,206		756,680
Iron Mountain, Inc.		12,115		639,066
JBG SMITH Properties		4,126		71,173
Kilroy Realty Corp.		4,383		157,876
Kimco Realty Corp.		25,776		531,243
Lamar Advertising Co., Class A		3,636		380,180
Life Storage, Inc.		3,543		427,002
LXP Industrial Trust		11,492		119,862
Medical Properties Trust, Inc.		24,924		256,717
Mid-America Apartment Communities, Inc.		4,812		770,401
National Health Investors, Inc.		1,808		99,440
National Retail Properties, Inc.		7,449		337,589
National Storage Affiliates Trust		3,522		148,981
Omega Healthcare Investors, Inc.		9,759		261,444
Physicians Realty Trust		9,514		141,093
PotlatchDeltic Corp.		3,367		155,421
Prologis, Inc.		38,469		4,747,075
Public Storage		6,588		1,969,483
Rayonier, Inc.		6,102		204,905
Realty Income Corp.		26,137		1,671,461
Regency Centers Corp.		6,419		403,755
Rexford Industrial Realty, Inc.		7,647		462,338
Sabra Health Care REIT, Inc.		9,627		114,658
SBA Communications Corp.		4,500		1,167,075
Simon Property Group, Inc.		13,626		1,663,598
SL Green Realty Corp.(b)		2,680		91,254
Spirit Realty Capital, Inc.		5,821		239,709
STAG Industrial, Inc.		7,469		251,257
Sun Communities, Inc.		5,163		739,032
UDR, Inc.		12,753		546,339
Ventas, Inc.		16,658		810,412
VICI Properties, Inc.		40,138		1,345,827
Vornado Realty Trust		6,714		132,803
Welltower, Inc.		19,692		1,459,571
Weyerhaeuser Co.		30,670		958,437
WP Carey, Inc.		8,669		703,576
				46,176,374
Mortgage Real Estate Investment Trusts (REITs) - 1.8%
AGNC Investment Corp.		23,824		258,967
Annaly Capital Management, Inc.		19,498		403,219
Blackstone Mortgage Trust, Inc., Class A		7,123		150,794
Rithm Capital Corp.		19,743		179,661
Starwood Property Trust, Inc.		12,903		247,221
				1,239,862
Professional Services - 1.7%
CoStar Group, Inc.*		16,949		1,197,617
Real Estate Management & Development - 2.9%
CBRE Group, Inc., Class A*		13,168		1,121,123
Howard Hughes Corp. (The)*		1,435		119,277
Jones Lang LaSalle, Inc.*		1,978		345,082
Opendoor Technologies, Inc.*		21,149		30,455
Zillow Group, Inc., Class A*		2,426		100,315
Zillow Group, Inc., Class C*(b)		6,789		285,138
				2,001,390
TOTAL COMMON STOCKS (Cost $60,040,083)				50,615,243
SECURITIES LENDING REINVESTMENTS(c) - 0.1%
INVESTMENT COMPANIES - 0.1%
BlackRock Liquidity FedFund, Institutional Class 4.42% (Cost $57,155)		57,155		57,155

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 27.1%
REPURCHASE AGREEMENTS(d) - 27.1%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $18,701,190
(Cost $18,698,869)		18,698,869		18,698,869
Total Investments - 100.6% (Cost $78,796,107)				69,371,267
Liabilities in excess of other assets - (0.6%)				(404,470	)
Net Assets - 100.0%				68,966,797

Ultra Real Estate
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $30,456,827.
(b)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $255,875, collateralized in the form of cash with a value of $57,155 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Portfolio Investments and $205,114 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.13% – 4.38%, and maturity dates ranging from March 15, 2023 – February 15, 2052. The total value of collateral is $262,269.
(c)	The security was purchased with cash collateral held from securities on loan at February 28, 2023. The total value of securities purchased was $57,155.
(d)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements        

Ultra Real Estate had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Depreciation ($)
	16,756,236	5/8/2023	Bank of America NA		5.52	%	Dow Jones U.S. Real EstateSM Index		(3,869,268	)
	5,057,976	3/6/2024	BNP Paribas SA		5.17	%	Dow Jones U.S. Real EstateSM Index		(473,178	)
	8,617,155	3/7/2023	Goldman Sachs International		5.17	%	Dow Jones U.S. Real EstateSM Index		(6,306,212	)
	690,400	3/6/2024	Morgan Stanley & Co. International plc		5.17	%	Dow Jones U.S. Real EstateSM Index		(16,698	)
	4,223,207	3/7/2023	Societe Generale		5.27	%	Dow Jones U.S. Real EstateSM Index		(4,235,275	)
	52,175,254	3/7/2023	UBS AG		4.92	%	Dow Jones U.S. Real EstateSM Index		(6,662,298	)
	87,520,228								(21,562,929	)
							Total Unrealized Depreciation		(21,562,929	)

a	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
b	Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Ultra Russell2000
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 86.0%
Aerospace & Defense - 0.9%
AAR Corp.*		1,724		93,768
Aerojet Rocketdyne Holdings, Inc.*		4,048		228,064
AeroVironment, Inc.*		1,258		107,861
AerSale Corp.*		1,062		21,091
Archer Aviation, Inc., Class A*		7,393		21,809
Astra Space, Inc.*(b)		7,880		4,492
Astronics Corp.*		1,288		19,629
Cadre Holdings, Inc.(b)		971		20,857
Ducommun, Inc.*		565		30,397
Kaman Corp.		1,429		37,154
Kratos Defense & Security Solutions, Inc.*		6,302		79,720
Maxar Technologies, Inc.		3,749		193,074
Momentus, Inc.*(b)		2,861		2,361
Moog, Inc., Class A		1,459		143,887
National Presto Industries, Inc.		261		17,912
Park Aerospace Corp.		999		16,404
Parsons Corp.*		1,716		77,272
Redwire Corp.*(b)		1,005		3,899
Rocket Lab USA, Inc.*		10,996		49,482
Terran Orbital Corp.*(b)		2,097		5,578
Triumph Group, Inc.*		3,266		41,217
V2X, Inc.*		614		28,471
Virgin Galactic Holdings, Inc.*(b)		12,358		70,935
				1,315,334
Air Freight & Logistics - 0.4%
Air Transport Services Group, Inc.*		2,948		61,702
Atlas Air Worldwide Holdings, Inc.*		1,429		144,057
Forward Air Corp.		1,371		141,501
Hub Group, Inc., Class A*		1,646		150,988
Radiant Logistics, Inc.*		1,892		10,746
				508,994
Airlines - 0.3%
Allegiant Travel Co.*		803		82,348
Blade Air Mobility, Inc.*(b)		2,895		13,462
Frontier Group Holdings, Inc.*		1,903		22,379
Hawaiian Holdings, Inc.*		2,582		28,918
Joby Aviation, Inc.*(b)		13,138		61,749
SkyWest, Inc.*		2,544		48,514
Spirit Airlines, Inc.		5,560		101,859
Sun Country Airlines Holdings, Inc.*		1,689		33,864
Wheels Up Experience, Inc.*		8,225		9,130
				402,223
Auto Components - 1.3%
Adient plc*		4,841		206,808
American Axle & Manufacturing Holdings, Inc.*		5,764		50,723
Dana, Inc.		6,584		104,291
Dorman Products, Inc.*		1,343		124,939
Fox Factory Holding Corp.*		2,163		254,153
Gentherm, Inc.*		1,689		107,268
Goodyear Tire & Rubber Co. (The)*		14,309		162,550
Holley, Inc.*(b)		2,622		5,716
LCI Industries		1,267		142,930
Luminar Technologies, Inc.*(b)		12,807		114,623
Modine Manufacturing Co.*		2,537		61,928
Motorcar Parts of America, Inc.*		968		12,671
Patrick Industries, Inc.		1,102		80,281
Solid Power, Inc.*(b)		6,760		22,849
Standard Motor Products, Inc.		1,029		40,100
Stoneridge, Inc.*		1,342		31,953
Visteon Corp.*		1,419		237,030
XPEL, Inc.*(c)		1,098		73,357
				1,834,170
Automobiles - 0.2%
Canoo, Inc.*(b)		8,559		6,406
Cenntro Electric Group Ltd.*(b)		9,386		5,083
Faraday Future Intelligent Electric, Inc.*(b)		10,578		5,628
Fisker, Inc.*(b)		9,029		67,085
Lordstown Motors Corp.*(b)		8,991		9,351
Mullen Automotive, Inc.*(b)		16,844		3,908
Winnebago Industries, Inc.		1,520		96,611
Workhorse Group, Inc.*(b)		7,783		16,033
				210,105
Banks - 8.0%
1st Source Corp.		823		41,002
ACNB Corp.		423		15,668
Amalgamated Financial Corp.		900		21,195
Amerant Bancorp, Inc.		1,414		40,158
American National Bankshares, Inc.		528		17,767
Ameris Bancorp		3,375		161,561
Arrow Financial Corp.		722		22,007
Associated Banc-Corp.		7,610		176,172
Atlantic Union Bankshares Corp.		3,819		143,060
Banc of California, Inc.		2,687		47,157
BancFirst Corp.		1,003		90,521
Bancorp, Inc. (The)*		2,783		96,264
Bank First Corp.		394		32,123
Bank of Marin Bancorp		800		23,200
Bank of NT Butterfield & Son Ltd. (The)		2,535		91,640
BankUnited, Inc.		3,970		140,617
Bankwell Financial Group, Inc.		288		8,692
Banner Corp.		1,744		109,837
Bar Harbor Bankshares		754		22,522
BayCom Corp.		624		12,811
BCB Bancorp, Inc.		732		12,700
Berkshire Hills Bancorp, Inc.		2,214		64,339
Blue Ridge Bankshares, Inc.		868		10,624
Brookline Bancorp, Inc.		3,833		49,676
Business First Bancshares, Inc.		1,201		25,029
Byline Bancorp, Inc.		1,253		30,886
Cadence Bank		9,250		245,680
Cambridge Bancorp		349		27,756
Camden National Corp.		733		30,163
Capital Bancorp, Inc.		459		9,322
Capital City Bank Group, Inc.		689		24,577
Capstar Financial Holdings, Inc.		1,037		17,940
Carter Bankshares, Inc.*		1,215		21,105
Cathay General Bancorp		3,673		157,645
Central Pacific Financial Corp.		1,365		30,617
Citizens & Northern Corp.		769		17,303
City Holding Co.		750		73,650
Civista Bancshares, Inc.		784		16,723
CNB Financial Corp.		1,029		24,531
Coastal Financial Corp.*		531		24,506
Colony Bankcorp, Inc.		835		10,496
Community Bank System, Inc.		2,723		166,239
Community Trust Bancorp, Inc.		801		34,243

Ultra Russell2000
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
ConnectOne Bancorp, Inc.		1,892		45,881
CrossFirst Bankshares, Inc.*		2,276		32,205
Customers Bancorp, Inc.*		1,557		47,956
CVB Financial Corp.(b)		6,799		162,700
Dime Community Bancshares, Inc.		1,663		50,954
Eagle Bancorp, Inc.		1,617		70,841
Eastern Bankshares, Inc.		7,953		124,703
Enterprise Bancorp, Inc.		476		16,846
Enterprise Financial Services Corp.		1,799		97,974
Equity Bancshares, Inc., Class A		774		23,266
Esquire Financial Holdings, Inc.		354		16,280
Farmers & Merchants Bancorp, Inc.		643		16,654
Farmers National Banc Corp.		1,605		22,871
FB Financial Corp.		1,822		68,671
Financial Institutions, Inc.		770		19,219
First Bancorp		1,799		74,641
First Bancorp		9,292		134,827
First Bancorp, Inc. (The)		496		14,523
First Bancshares, Inc. (The)		1,068		33,439
First Bank		790		10,768
First Busey Corp.		2,633		63,561
First Business Financial Services, Inc.		408		14,451
First Commonwealth Financial Corp.		4,762		76,240
First Community Bankshares, Inc.		804		25,101
First Financial Bancorp		4,753		117,114
First Financial Bankshares, Inc.		6,628		243,115
First Financial Corp.		566		24,876
First Foundation, Inc.		2,608		39,303
First Guaranty Bancshares, Inc.		310		6,358
First Internet Bancorp		441		11,911
First Interstate BancSystem, Inc., Class A		4,558		161,991
First Merchants Corp.		2,919		119,445
First Mid Bancshares, Inc.		951		29,471
First of Long Island Corp. (The)		1,124		19,130
First Western Financial, Inc.*		403		10,426
Five Star Bancorp		641		17,512
Flushing Financial Corp.		1,450		28,217
Fulton Financial Corp.		8,272		142,278
FVCBankcorp, Inc.*		762		10,325
German American Bancorp, Inc.		1,411		55,452
Glacier Bancorp, Inc.		5,669		268,597
Great Southern Bancorp, Inc.		476		27,698
Guaranty Bancshares, Inc.		415		12,952
Hancock Whitney Corp.		4,396		215,932
Hanmi Financial Corp.		1,544		36,469
HarborOne Bancorp, Inc.		2,232		30,511
HBT Financial, Inc.		518		11,769
Heartland Financial USA, Inc.		2,095		103,577
Heritage Commerce Corp.		2,996		36,282
Heritage Financial Corp.		1,764		49,163
Hilltop Holdings, Inc.		2,542		84,318
Home BancShares, Inc.		9,589		231,095
HomeStreet, Inc.		916		23,111
HomeTrust Bancshares, Inc.		725		21,221
Hope Bancorp, Inc.		5,909		75,694
Horizon Bancorp, Inc.		2,054		31,262
Independent Bank Corp.		2,336		186,132
Independent Bank Corp.		1,026		22,623
Independent Bank Group, Inc.		1,824		107,361
International Bancshares Corp.		2,731		132,535
John Marshall Bancorp, Inc.		589		15,673
Lakeland Bancorp, Inc.		3,173		61,080
Lakeland Financial Corp.		1,251		89,597
Live Oak Bancshares, Inc.		1,669		57,681
Macatawa Bank Corp.		1,338		14,598
Mercantile Bank Corp.		785		27,153
Metrocity Bankshares, Inc.		952		19,202
Metropolitan Bank Holding Corp.*		525		29,300
Mid Penn Bancorp, Inc.		731		22,369
Midland States Bancorp, Inc.		1,079		28,097
MidWestOne Financial Group, Inc.		721		21,659
MVB Financial Corp.		522		14,245
National Bank Holdings Corp., Class A		1,491		60,371
NBT Bancorp, Inc.		2,132		86,538
Nicolet Bankshares, Inc.*		626		46,612
Northeast Bank		334		14,723
Northwest Bancshares, Inc.		6,197		85,643
OceanFirst Financial Corp.		2,960		70,211
OFG Bancorp		2,378		72,339
Old National Bancorp		14,958		264,308
Old Second Bancorp, Inc.		2,160		35,813
Origin Bancorp, Inc.		1,146		43,445
Orrstown Financial Services, Inc.		522		12,006
Pacific Premier Bancorp, Inc.		4,783		155,065
Park National Corp.		731		93,400
Parke Bancorp, Inc.		516		10,532
Pathward Financial, Inc.		1,463		74,628
PCB Bancorp		588		10,737
Peapack-Gladstone Financial Corp.		873		32,432
Peoples Bancorp, Inc.		1,419		44,145
Peoples Financial Services Corp.		358		17,739
Preferred Bank		678		47,731
Premier Financial Corp.		1,807		44,850
Primis Financial Corp.		1,129		13,221
QCR Holdings, Inc.		807		43,166
RBB Bancorp		745		14,721
Red River Bancshares, Inc.		223		11,286
Renasant Corp.		2,791		100,420
Republic Bancorp, Inc., Class A		444		19,758
Republic First Bancorp, Inc.*		2,868		5,736
S&T Bancorp, Inc.		1,992		74,222
Sandy Spring Bancorp, Inc.		2,228		73,413
Seacoast Banking Corp. of Florida		3,677		112,185
ServisFirst Bancshares, Inc.		2,558		189,164
Shore Bancshares, Inc.		907		15,473
Sierra Bancorp		701		14,167
Silvergate Capital Corp., Class A*(b)		1,598		22,228
Simmons First National Corp., Class A		6,202		137,870
SmartFinancial, Inc.		792		21,622
South Plains Financial, Inc.		498		13,092
Southern First Bancshares, Inc.*		385		15,496
Southside Bancshares, Inc.		1,560		59,576
SouthState Corp.		3,824		308,520
Stellar Bancorp, Inc.		2,283		66,778
Stock Yards Bancorp, Inc.		1,459		85,395
Summit Financial Group, Inc.		572		14,569
Texas Capital Bancshares, Inc.*		2,549		168,820
Third Coast Bancshares, Inc.*		651		12,011
Tompkins Financial Corp.		708		52,951
Towne Bank		3,434		104,153
TriCo Bancshares		1,589		80,260
Triumph Financial, Inc.*		1,191		72,472
Trustmark Corp.		3,123		91,816
UMB Financial Corp.		2,245		203,532

Ultra Russell2000
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
United Bankshares, Inc.		6,658		271,447
United Community Banks, Inc.		5,421		179,489
Unity Bancorp, Inc.		360		9,508
Univest Financial Corp.		1,469		41,426
USCB Financial Holdings, Inc.*		550		6,990
Valley National Bancorp		21,971		254,424
Veritex Holdings, Inc.		2,676		71,342
Washington Federal, Inc.		3,306		115,941
Washington Trust Bancorp, Inc.		872		36,624
WesBanco, Inc.		2,922		105,630
West Bancorp, Inc.		826		17,396
Westamerica Bancorp		1,329		73,254
				11,575,008
Beverages - 0.5%
Celsius Holdings, Inc.*		2,833		257,236
Coca-Cola Consolidated, Inc.		240		133,644
Duckhorn Portfolio, Inc. (The)*		2,142		32,665
MGP Ingredients, Inc.		715		72,530
National Beverage Corp.*		1,204		56,167
Primo Water Corp.		8,036		124,397
Vintage Wine Estates, Inc.*(b)		1,651		2,526
Vita Coco Co., Inc. (The)*		1,422		24,046
				703,211
Biotechnology - 5.9%
2seventy bio, Inc.*		1,908		25,739
4D Molecular Therapeutics, Inc.*		1,530		29,437
Aadi Bioscience, Inc.*		738		7,948
Absci Corp.*		2,663		5,646
ACADIA Pharmaceuticals, Inc.*		6,131		126,850
Adicet Bio, Inc.*		1,546		12,182
ADMA Biologics, Inc.*		9,476		33,640
Aerovate Therapeutics, Inc.*(b)		468		11,499
Affimed NV*		7,421		6,747
Agenus, Inc.*		15,532		31,996
Agios Pharmaceuticals, Inc.*		2,782		70,412
Akero Therapeutics, Inc.*		1,778		80,917
Alector, Inc.*		3,170		27,072
Alkermes plc*		8,314		222,316
Allogene Therapeutics, Inc.*		4,064		25,806
Allovir, Inc.*		1,583		10,685
Alpine Immune Sciences, Inc.*		1,154		9,197
ALX Oncology Holdings, Inc.*		1,093		7,236
Amicus Therapeutics, Inc.*		14,062		185,478
AnaptysBio, Inc.*		1,033		25,722
Anavex Life Sciences Corp.*(b)		3,526		33,568
Anika Therapeutics, Inc.*		743		23,553
Apellis Pharmaceuticals, Inc.*		4,783		313,191
Arbutus Biopharma Corp.*		5,792		16,102
Arcellx, Inc.*		1,508		42,239
Arcturus Therapeutics Holdings, Inc.*		1,179		19,159
Arcus Biosciences, Inc.*		2,619		47,692
Arcutis Biotherapeutics, Inc.*		2,116		34,237
Arrowhead Pharmaceuticals, Inc.*		5,249		169,543
Atara Biotherapeutics, Inc.*		4,728		19,148
Aura Biosciences, Inc.*		936		9,351
Aurinia Pharmaceuticals, Inc.*		6,840		62,176
Avid Bioservices, Inc.*		3,115		51,273
Avidity Biosciences, Inc.*		2,728		64,654
Beam Therapeutics, Inc.*		3,240		130,378
BioCryst Pharmaceuticals, Inc.*		9,458		83,703
Biohaven Ltd.*		3,225		49,278
Bioxcel Therapeutics, Inc.*(b)		974		31,090
Bluebird Bio, Inc.*		4,233		22,012
Blueprint Medicines Corp.*		3,047		129,101
Bridgebio Pharma, Inc.*		5,398		61,645
C4 Therapeutics, Inc.*		2,146		11,309
CareDx, Inc.*		2,596		43,665
Caribou Biosciences, Inc.*		2,861		17,423
Catalyst Pharmaceuticals, Inc.*		4,946		75,476
Celldex Therapeutics, Inc.*		2,336		99,957
Celularity, Inc., Class A*(b)		3,237		2,221
Century Therapeutics, Inc.*(b)		1,027		4,632
Cerevel Therapeutics Holdings, Inc.*		2,921		77,961
Chimerix, Inc.*		4,293		6,783
Chinook Therapeutics, Inc.*		2,586		56,427
Cogent Biosciences, Inc.*		3,264		43,183
Coherus Biosciences, Inc.*		3,755		25,421
Crinetics Pharmaceuticals, Inc.*		2,683		52,694
CTI BioPharma Corp.*(b)		5,106		27,879
Cullinan Oncology, Inc.*		1,548		17,477
Cytokinetics, Inc.*		4,187		181,548
Day One Biopharmaceuticals, Inc.*		1,411		25,991
Deciphera Pharmaceuticals, Inc.*		2,345		34,003
Denali Therapeutics, Inc.*		5,550		150,683
Design Therapeutics, Inc.*(b)		1,728		12,217
Dynavax Technologies Corp.*		6,094		62,768
Dyne Therapeutics, Inc.*		1,615		20,801
Eagle Pharmaceuticals, Inc.*		522		14,616
Editas Medicine, Inc.*		3,523		31,848
Eiger BioPharmaceuticals, Inc.*		2,125		3,995
Emergent BioSolutions, Inc.*		2,568		31,792
Enanta Pharmaceuticals, Inc.*		999		48,451
Enochian Biosciences, Inc.*(b)		1,008		1,038
EQRx, Inc.*		10,250		23,165
Erasca, Inc.*(b)		3,308		11,909
Fate Therapeutics, Inc.*		4,237		25,930
FibroGen, Inc.*		4,459		98,990
Foghorn Therapeutics, Inc.*(b)		1,024		5,868
Gelesis Holdings, Inc.*		911		246
Generation Bio Co.*		2,453		9,714
Geron Corp.*		18,523		51,494
Gossamer Bio, Inc.*(b)		3,211		5,555
GreenLight Biosciences Holdings PBC*		4,559		2,188
Halozyme Therapeutics, Inc.*		6,791		325,900
Heron Therapeutics, Inc.*(b)		5,247		12,435
HilleVax, Inc.*(b)		890		14,997
Humacyte, Inc.*(b)		2,997		9,171
Icosavax, Inc.*(b)		1,133		9,268
Ideaya Biosciences, Inc.*		2,260		39,889
IGM Biosciences, Inc.*		540		11,351
ImmunityBio, Inc.*(b)		4,174		10,185
ImmunoGen, Inc.*		10,947		42,474
Immunovant, Inc.*		2,269		39,639
Inhibrx, Inc.*		1,661		39,964
Inovio Pharmaceuticals, Inc.*(b)		12,604		15,881
Insmed, Inc.*		6,893		140,479
Instil Bio, Inc.*		3,548		2,757
Intellia Therapeutics, Inc.*		4,333		174,057
Intercept Pharmaceuticals, Inc.*		1,247		25,164
Invivyd, Inc.*		2,618		4,555
Iovance Biotherapeutics, Inc.*		7,689		56,053
Ironwood Pharmaceuticals, Inc.*		6,970		78,552
iTeos Therapeutics, Inc.*		1,200		21,252
IVERIC bio, Inc.*		6,860		142,551
Janux Therapeutics, Inc.*		875		14,551
Jounce Therapeutics, Inc.*		2,149		2,407

Ultra Russell2000
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
KalVista Pharmaceuticals, Inc.*		1,248		9,148
Karuna Therapeutics, Inc.*		1,542		307,506
Karyopharm Therapeutics, Inc.*		3,969		11,986
Keros Therapeutics, Inc.*		980		52,156
Kezar Life Sciences, Inc.*		2,684		16,882
Kiniksa Pharmaceuticals Ltd., Class A*		1,588		20,422
Kinnate Biopharma, Inc.*		1,490		7,867
Kodiak Sciences, Inc.*		1,700		11,050
Kronos Bio, Inc.*		2,075		3,611
Krystal Biotech, Inc.*		1,087		89,036
Kura Oncology, Inc.*		3,314		39,503
Kymera Therapeutics, Inc.*		1,925		60,407
Lexicon Pharmaceuticals, Inc.*		4,246		9,553
Lyell Immunopharma, Inc.*(b)		8,822		18,967
MacroGenics, Inc.*		3,074		18,721
Madrigal Pharmaceuticals, Inc.*		649		175,885
MannKind Corp.*		12,980		68,534
MeiraGTx Holdings plc*		1,541		11,897
Mersana Therapeutics, Inc.*		4,719		28,597
MiMedx Group, Inc.*		5,754		27,677
Mirum Pharmaceuticals, Inc.*		939		22,076
Monte Rosa Therapeutics, Inc.*(b)		1,517		9,223
Morphic Holding, Inc.*		1,312		55,786
Myriad Genetics, Inc.*		4,054		76,702
Nkarta, Inc.*(b)		1,671		7,018
Nurix Therapeutics, Inc.*		2,365		22,302
Nuvalent, Inc., Class A*(b)		1,027		31,108
Ocugen, Inc.*(b)		11,077		11,035
Organogenesis Holdings, Inc.*		3,618		8,864
Outlook Therapeutics, Inc.*(b)		6,040		6,584
Pardes Biosciences, Inc.*		1,752		2,470
PepGen, Inc.*		766		11,697
PMV Pharmaceuticals, Inc.*		1,878		13,540
Point Biopharma Global, Inc.*(b)		4,359		32,649
Praxis Precision Medicines, Inc.*		1,997		6,121
Precigen, Inc.*		5,147		6,485
Prime Medicine, Inc.*(b)		528		8,675
Prometheus Biosciences, Inc.*		1,775		217,242
Protagonist Therapeutics, Inc.*		2,372		38,474
Prothena Corp. plc*		1,870		104,271
PTC Therapeutics, Inc.*		3,583		156,470
Rallybio Corp.*		939		7,390
RAPT Therapeutics, Inc.*		1,339		39,434
Recursion Pharmaceuticals, Inc., Class A*		6,968		56,789
REGENXBIO, Inc.*		2,048		45,568
Relay Therapeutics, Inc.*		4,340		70,091
Replimune Group, Inc.*		2,071		45,355
REVOLUTION Medicines, Inc.*		3,844		102,865
Rigel Pharmaceuticals, Inc.*		8,800		13,288
Rocket Pharmaceuticals, Inc.*		2,740		52,635
Sage Therapeutics, Inc.*		2,656		110,596
Sana Biotechnology, Inc.*(b)		4,532		16,632
Sangamo Therapeutics, Inc.*		6,823		20,810
Seres Therapeutics, Inc.*		3,593		18,145
SpringWorks Therapeutics, Inc.*		1,837		58,600
Stoke Therapeutics, Inc.*		1,145		10,179
Sutro Biopharma, Inc.*		2,750		15,510
Syndax Pharmaceuticals, Inc.*		2,713		68,775
Talaris Therapeutics, Inc.*		1,177		2,283
Tango Therapeutics, Inc.*		2,379		12,442
Tenaya Therapeutics, Inc.*		1,424		4,372
TG Therapeutics, Inc.*		6,788		108,744
Tonix Pharmaceuticals Holding Corp.*		1		1
Travere Therapeutics, Inc.*		3,138		69,538
Twist Bioscience Corp.*		2,863		55,714
Tyra Biosciences, Inc.*(b)		677		8,943
Vanda Pharmaceuticals, Inc.*		2,815		18,129
Vaxart, Inc.*(b)		6,558		5,111
Vaxcyte, Inc.*		3,656		149,786
VBI Vaccines, Inc.*(b)		9,831		4,719
Vera Therapeutics, Inc.*(b)		731		5,431
Veracyte, Inc.*		3,654		89,925
Vericel Corp.*		2,406		73,166
Verve Therapeutics, Inc.*(b)		2,385		45,315
Vir Biotechnology, Inc.*		3,698		84,314
Viridian Therapeutics, Inc.*		1,928		63,161
VistaGen Therapeutics, Inc.*(b)		10,551		1,853
Xencor, Inc.*		2,927		94,045
Y-mAbs Therapeutics, Inc.*		1,871		7,110
Zentalis Pharmaceuticals, Inc.*		2,394		45,318
				8,560,747
Building Products - 1.2%
AAON, Inc.		2,237		203,478
American Woodmark Corp.*		842		42,925
Apogee Enterprises, Inc.		1,133		51,846
AZZ, Inc.		1,251		50,853
Caesarstone Ltd.		1,154		6,716
CSW Industrials, Inc.		745		105,462
Gibraltar Industries, Inc.*		1,586		84,708
Griffon Corp.		2,349		85,668
Insteel Industries, Inc.		955		28,411
Janus International Group, Inc.*		4,166		43,285
JELD-WEN Holding, Inc.*		4,254		55,940
Masonite International Corp.*		1,135		100,788
PGT Innovations, Inc.*		2,947		62,329
Quanex Building Products Corp.		1,688		43,804
Resideo Technologies, Inc.*		7,375		135,258
Simpson Manufacturing Co., Inc.		2,181		235,243
UFP Industries, Inc.		3,050		260,867
View, Inc.*(b)		5,818		3,694
Zurn Elkay Water Solutions Corp.		6,333		145,659
				1,746,934
Capital Markets - 1.4%
Artisan Partners Asset Management, Inc., Class A		3,065		101,053
AssetMark Financial Holdings, Inc.*		1,098		34,367
Associated Capital Group, Inc., Class A		86		3,098
Avantax, Inc.*		2,427		69,388
B Riley Financial, Inc.(b)		1,060		42,167
Bakkt Holdings, Inc.*(b)		2,981		4,352
BGC Partners, Inc., Class A		16,078		78,139
BlackRock Capital Investment Corp.		2		7
Brightsphere Investment Group, Inc.		1,648		41,315
Cohen & Steers, Inc.		1,297		93,851
Diamond Hill Investment Group, Inc.		146		25,492
Donnelley Financial Solutions, Inc.*		1,292		54,665
Federated Hermes, Inc., Class B		4,353		171,291
Focus Financial Partners, Inc., Class A*		2,959		153,454

Ultra Russell2000
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
GCM Grosvenor, Inc., Class A		2,096		17,250
Hamilton Lane, Inc., Class A		1,833		142,607
Hercules Capital, Inc.		6		95
Houlihan Lokey, Inc.		2,550		244,035
MarketWise, Inc.*		868		1,710
Moelis & Co., Class A		3,250		139,198
Open Lending Corp., Class A*		5,380		38,090
Oppenheimer Holdings, Inc., Class A		402		17,724
Perella Weinberg Partners		1,883		19,037
Piper Sandler Cos.		886		133,777
PJT Partners, Inc., Class A		1,204		94,972
Prospect Capital Corp.		3		22
Sculptor Capital Management, Inc.		1,309		11,742
Silvercrest Asset Management Group, Inc., Class A		493		8,770
StepStone Group, Inc., Class A		2,774		79,336
StoneX Group, Inc.*		877		88,428
Value Line, Inc.		47		2,362
Victory Capital Holdings, Inc., Class A		841		28,560
Virtus Investment Partners, Inc.		355		74,703
WisdomTree, Inc.		6,947		41,474
				2,056,531
Chemicals - 1.8%
AdvanSix, Inc.		1,362		56,046
American Vanguard Corp.		1,430		29,844
Amyris, Inc.*(b)		10,212		12,765
Aspen Aerogels, Inc.*		1,586		17,208
Avient Corp.		4,642		202,530
Balchem Corp.		1,626		211,380
Cabot Corp.		2,837		225,627
Chase Corp.		384		37,609
Danimer Scientific, Inc.*(b)		4,620		11,920
Diversey Holdings Ltd.*		3,984		23,545
Ecovyst, Inc.*		3,692		37,068
FutureFuel Corp.		1,318		11,532
Hawkins, Inc.		988		40,182
HB Fuller Co.		2,707		188,840
Ingevity Corp.*		1,914		158,020
Innospec, Inc.		1,264		138,357
Intrepid Potash, Inc.*		568		17,989
Koppers Holdings, Inc.		1,035		37,146
Kronos Worldwide, Inc.		1,129		12,746
Livent Corp.*		8,266		193,838
LSB Industries, Inc.*		3,769		51,221
Mativ Holdings, Inc.		2,774		71,874
Minerals Technologies, Inc.		1,654		100,481
Origin Materials, Inc.*		5,357		25,714
Orion Engineered Carbons SA		3,085		78,667
Perimeter Solutions SA*		5,987		51,249
PureCycle Technologies, Inc.*(b)		5,419		34,573
Quaker Chemical Corp.		690		135,088
Rayonier Advanced Materials, Inc.*		3,148		25,814
Sensient Technologies Corp.		2,140		161,335
Stepan Co.		1,089		113,354
Trinseo plc		1,784		41,353
Tronox Holdings plc		5,966		93,070
Valhi, Inc.		123		2,914
				2,650,899
Commercial Services & Supplies - 1.3%
ABM Industries, Inc.		3,382		163,723
ACCO Brands Corp.		4,691		26,598
ACV Auctions, Inc., Class A*		6,009		73,550
Aris Water Solutions, Inc., Class A		1,123		15,902
Brady Corp., Class A		2,327		128,357
BrightView Holdings, Inc.*		2,265		14,315
Brink’s Co. (The)		2,311		150,793
Casella Waste Systems, Inc., Class A*		2,545		198,052
Cimpress plc*		898		31,538
CompX International, Inc.		81		1,519
CoreCivic, Inc., REIT*		5,821		56,522
Deluxe Corp.		2,207		40,697
Ennis, Inc.		1,296		28,188
GEO Group, Inc. (The)*		6,038		52,893
Harsco Corp.*		4,005		33,882
Healthcare Services Group, Inc.		3,780		50,161
Heritage-Crystal Clean, Inc.*		800		28,784
HNI Corp.		2,100		65,625
Interface, Inc.		2,928		25,825
KAR Auction Services, Inc.*		5,511		78,752
Kimball International, Inc., Class B		1,844		12,742
Li-Cycle Holdings Corp.*(b)		6,969		42,232
Liquidity Services, Inc.*		1,245		15,762
Matthews International Corp., Class A		1,523		58,118
MillerKnoll, Inc.		3,876		92,520
Montrose Environmental Group, Inc.*		1,401		68,215
NL Industries, Inc.		427		3,104
Pitney Bowes, Inc.		8,830		38,322
Quad/Graphics, Inc.*		1,653		8,083
SP Plus Corp.*		1,027		34,938
Steelcase, Inc., Class A		4,439		34,935
UniFirst Corp.		763		149,647
Viad Corp.*		1,036		26,635
VSE Corp.		542		31,116
				1,882,045
Communications Equipment - 0.7%
ADTRAN Holdings, Inc.		3,912		68,264
Aviat Networks, Inc.*		570		20,252
Calix, Inc.*		2,932		149,972
Cambium Networks Corp.*		586		11,761
Casa Systems, Inc.*(b)		1,803		6,527
Clearfield, Inc.*		590		36,987
CommScope Holding Co., Inc.*		10,458		75,716
Comtech Telecommunications Corp.		1,319		21,091
Digi International, Inc.*		1,744		58,197
DZS, Inc.*		897		9,508
Extreme Networks, Inc.*		6,537		122,373
Harmonic, Inc.*		4,694		61,914
Infinera Corp.*		9,857		69,689
Inseego Corp.*		4,394		3,935
NETGEAR, Inc.*		1,444		26,136
NetScout Systems, Inc.*		3,523		100,194
Ondas Holdings, Inc.*(b)		1,814		3,410
Ribbon Communications, Inc.*		3,688		16,449
Viavi Solutions, Inc.*		11,606		126,970
				989,345
Construction & Engineering - 1.4%
Ameresco, Inc., Class A*		1,623		71,331
API Group Corp.*		10,552		247,866
Arcosa, Inc.		2,471		149,743
Argan, Inc.		669		25,997
Comfort Systems USA, Inc.		1,808		262,955

Ultra Russell2000
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Concrete Pumping Holdings, Inc.*		1,338		10,450
Construction Partners, Inc., Class A*		2,034		55,020
Dycom Industries, Inc.*		1,473		124,041
EMCOR Group, Inc.		2,408		402,666
Fluor Corp.*		7,259		266,188
Granite Construction, Inc.(b)		2,257		97,502
Great Lakes Dredge & Dock Corp.*		3,333		19,115
IES Holdings, Inc.*		443		18,633
MYR Group, Inc.*		836		100,830
Northwest Pipe Co.*		498		19,173
Primoris Services Corp.		2,705		74,387
Sterling Infrastructure, Inc.*		1,494		57,459
Tutor Perini Corp.*		2,146		17,404
				2,020,760
Construction Materials - 0.1%
Summit Materials, Inc., Class A*		6,064		179,131
United States Lime & Minerals, Inc.		105		16,936
				196,067
Consumer Finance - 0.7%
Atlanticus Holdings Corp.*		215		6,891
Bread Financial Holdings, Inc.		2,553		104,852
Consumer Portfolio Services, Inc.*(b)		486		5,375
Curo Group Holdings Corp.		1,120		3,270
Encore Capital Group, Inc.*		1,182		61,086
Enova International, Inc.*		1,568		76,440
EZCORP, Inc., Class A*		2,547		22,465
FirstCash Holdings, Inc.		1,920		169,440
Green Dot Corp., Class A*		2,399		45,413
LendingClub Corp.*		5,307		49,886
LendingTree, Inc.*		534		17,585
Moneylion, Inc.*		7,437		4,974
Navient Corp.		5,431		98,030
Nelnet, Inc., Class A		743		69,745
NerdWallet, Inc., Class A*		1,326		27,369
Oportun Financial Corp.*		1,435		8,667
OppFi, Inc.*		703		1,483
PRA Group, Inc.*		1,964		83,588
PROG Holdings, Inc.*		2,549		63,011
Regional Management Corp.		392		12,356
Sunlight Financial Holdings, Inc.*		1,217		1,594
World Acceptance Corp.*		198		18,485
				952,005
Containers & Packaging - 0.3%
Cryptyde, Inc.*		1,011		173
Greif, Inc., Class A		1,268		90,091
Greif, Inc., Class B		274		22,545
Myers Industries, Inc.		1,850		47,804
O-I Glass, Inc.*		7,937		176,360
Pactiv Evergreen, Inc.		2,204		23,825
Ranpak Holdings Corp.*		2,216		13,961
TriMas Corp.		2,137		64,089
				438,848
Distributors - 0.0%(d)
Funko, Inc., Class A*		1,624		17,555
Weyco Group, Inc.		302		8,003
				25,558
Diversified Consumer Services - 0.8%
2U, Inc.*		3,867		34,648
Adtalem Global Education, Inc.*		2,288		89,507
American Public Education, Inc.*		955		10,543
Beachbody Co., Inc. (The)*(b)		5,336		3,444
Carriage Services, Inc.		678		22,998
Chegg, Inc.*		6,344		100,806
Coursera, Inc.*		5,818		65,569
Duolingo, Inc.*		1,200		108,948
European Wax Center, Inc., Class A		1,243		22,946
Frontdoor, Inc.*		4,221		119,243
Graham Holdings Co., Class B		188		117,812
Laureate Education, Inc., Class A		6,856		81,312
Nerdy, Inc.*(b)		2,846		7,143
OneSpaWorld Holdings Ltd.*		3,383		39,209
Perdoceo Education Corp.*		3,429		47,269
Rover Group, Inc.*		4,772		19,947
Strategic Education, Inc.		1,158		98,719
Stride, Inc.*		2,070		87,913
Udemy, Inc.*		3,724		35,155
Universal Technical Institute, Inc.*		1,688		12,255
Vivint Smart Home, Inc.*		4,840		54,402
WW International, Inc.*		2,766		10,124
				1,189,912
Diversified Financial Services - 0.3%
Alerus Financial Corp.		773		15,460
A-Mark Precious Metals, Inc.		938		27,493
Banco Latinoamericano de Comercio Exterior SA, Class E		1,403		25,675
Cannae Holdings, Inc.*		3,540		79,933
Compass Diversified Holdings		3,162		68,837
Jackson Financial, Inc., Class A		3,816		173,170
SWK Holdings Corp.*(b)		182		3,412
				393,980
Diversified Telecommunication Services - 0.6%
Anterix, Inc.*		940		28,388
ATN International, Inc.		558		23,464
Bandwidth, Inc., Class A*		1,183		18,810
Charge Enterprises, Inc.*(b)		6,632		7,494
Cogent Communications Holdings, Inc.		2,194		142,040
Consolidated Communications Holdings, Inc.*		3,788		11,478
EchoStar Corp., Class A*		1,714		34,211
Globalstar, Inc.*		34,886		44,654
IDT Corp., Class B*		792		24,085
Iridium Communications, Inc.*		6,376		391,295
Liberty Latin America Ltd., Class A*		1,950		17,199
Liberty Latin America Ltd., Class C*		7,444		65,358
Ooma, Inc.*		1,168		15,289
Radius Global Infrastructure, Inc.*		3,913		53,334
				877,099
Electric Utilities - 0.6%
ALLETE, Inc.		2,923		178,858
MGE Energy, Inc.		1,856		131,368
Otter Tail Corp.		2,097		148,656
PNM Resources, Inc.		4,358		213,542
Portland General Electric Co.		4,563		218,112
Via Renewables, Inc.(b)		627		3,674
				894,210
Electrical Equipment - 1.2%
Allied Motion Technologies, Inc.		682		29,435
Array Technologies, Inc.*		7,689		144,092
Atkore, Inc.*		2,101		306,788
Babcock & Wilcox Enterprises, Inc.*		3,098		20,106

Ultra Russell2000
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Blink Charging Co.*(b)		1,825		16,516
Bloom Energy Corp., Class A*		9,174		198,984
Encore Wire Corp.		903		174,288
Energy Vault Holdings, Inc.*(b)		4,180		13,961
EnerSys		2,080		188,635
Enovix Corp.*(b)		5,547		51,143
ESS Tech, Inc.*(b)		4,112		7,484
Fluence Energy, Inc.*(b)		1,831		34,185
FTC Solar, Inc.*(b)		2,186		6,711
FuelCell Energy, Inc.*		20,838		69,599
GrafTech International Ltd.		9,882		55,833
Heliogen, Inc.*		4,633		1,436
NuScale Power Corp.*(b)		1,598		16,539
Powell Industries, Inc.		466		20,667
Preformed Line Products Co.		127		11,324
Shoals Technologies Group, Inc., Class A*		7,044		172,860
Stem, Inc.*		7,348		59,960
SunPower Corp.*		4,173		62,679
Thermon Group Holdings, Inc.*		1,689		44,674
TPI Composites, Inc.*		1,866		21,571
Vicor Corp.*		1,123		52,781
				1,782,251
Electronic Equipment, Instruments & Components - 2.1%
908 Devices, Inc.*(b)		1,116		10,044
Advanced Energy Industries, Inc.		1,916		178,341
Aeva Technologies, Inc.*		4,940		8,843
AEye, Inc.*(b)		5,209		3,077
Akoustis Technologies, Inc.*(b)		2,715		10,154
Arlo Technologies, Inc.*		4,427		16,823
Badger Meter, Inc.		1,493		181,579
Belden, Inc.		2,166		182,767
Benchmark Electronics, Inc.		1,781		42,370
Cepton, Inc.*		2,407		2,503
CTS Corp.		1,617		70,032
ePlus, Inc.*		1,352		73,238
Evolv Technologies Holdings, Inc.*		4,286		11,786
Fabrinet*		1,884		229,603
FARO Technologies, Inc.*		959		26,085
Focus Universal, Inc.*(b)		903		4,560
Identiv, Inc.*		1,126		7,904
Insight Enterprises, Inc.*		1,601		214,406
Itron, Inc.*		2,300		128,271
Kimball Electronics, Inc.*		1,221		30,537
Knowles Corp.*		4,569		77,582
Lightwave Logic, Inc.*(b)		5,761		33,990
Methode Electronics, Inc.		1,848		90,053
MicroVision, Inc.*(b)		8,443		21,614
Mirion Technologies, Inc.*		6,985		63,424
Napco Security Technologies, Inc.*		1,498		47,337
nLight, Inc.*		2,266		25,606
Novanta, Inc.*		1,812		284,321
OSI Systems, Inc.*		818		75,706
Ouster, Inc.*		16,133		19,360
PAR Technology Corp.*		1,352		46,171
PC Connection, Inc.		574		25,141
Plexus Corp.*		1,400		134,246
Rogers Corp.*		957		140,870
Sanmina Corp.*		2,908		175,818
ScanSource, Inc.*		1,287		40,129
SmartRent, Inc.*(b)		6,183		16,014
TTM Technologies, Inc.*		5,168		68,683
Vishay Intertechnology, Inc.		6,624		140,627
Vishay Precision Group, Inc.*		634		27,642
				2,987,257
Energy Equipment & Services - 1.9%
Archrock, Inc.		6,903		76,416
Borr Drilling Ltd.*		10,275		74,288
Bristow Group, Inc.*		1,192		32,470
Cactus, Inc., Class A		3,005		138,080
ChampionX Corp.		10,213		312,211
Diamond Offshore Drilling, Inc.*		5,161		61,313
DMC Global, Inc.*		958		25,646
Dril-Quip, Inc.*		1,708		58,499
Expro Group Holdings NV*		3,953		89,852
Helix Energy Solutions Group, Inc.*		7,293		60,386
Helmerich & Payne, Inc.		5,243		220,625
Liberty Energy, Inc., Class A		7,097		108,229
Nabors Industries Ltd.*		462		69,443
National Energy Services Reunited Corp.*		1,945		12,565
Newpark Resources, Inc.*		4,399		19,488
NexTier Oilfield Solutions, Inc.*		8,958		81,787
Noble Corp. plc*		4,301		179,309
Oceaneering International, Inc.*		5,100		106,539
Oil States International, Inc.*		3,210		29,307
Patterson-UTI Energy, Inc.		10,940		149,878
ProFrac Holding Corp., Class A*		1,194		22,841
ProPetro Holding Corp.*		4,454		39,240
RPC, Inc.		3,792		33,256
Select Energy Services, Inc., Class A		3,641		27,016
Solaris Oilfield Infrastructure, Inc., Class A		1,610		14,377
TETRA Technologies, Inc.*		6,347		22,595
Tidewater, Inc.*		2,376		116,044
US Silica Holdings, Inc.*		3,779		45,877
Valaris Ltd.*		3,107		208,946
Weatherford International plc*		3,605		240,165
				2,676,688
Entertainment - 0.3%
Cinemark Holdings, Inc.*		5,559		75,658
IMAX Corp.*		2,400		44,256
Liberty Media Corp.-Liberty Braves, Class A*		511		17,502
Liberty Media Corp.-Liberty Braves, Class C*		1,921		64,296
Lions Gate Entertainment Corp., Class A*		2,973		31,543
Lions Gate Entertainment Corp., Class B*		5,888		58,585
Madison Square Garden Entertainment Corp.*		1,330		80,505
Marcus Corp. (The)		1,213		19,517
Playstudios, Inc.*(b)		4,040		15,029
Reservoir Media, Inc.*(b)		1,043		7,051
Skillz, Inc.*		16,025		10,024
Vivid Seats, Inc., Class A*(b)		1,308		10,032
				433,998
Equity Real Estate Investment Trusts (REITs) - 4.9%
Acadia Realty Trust		4,751		69,222
Agree Realty Corp.		4,464		315,962
Alexander & Baldwin, Inc.		3,695		68,986
Alexander’s, Inc.		109		23,861
American Assets Trust, Inc.		2,519		63,554

Ultra Russell2000
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Apartment Investment and Management Co., Class A		7,639		57,293
Apple Hospitality REIT, Inc.		10,971		181,131
Armada Hoffler Properties, Inc.		3,422		43,870
Ashford Hospitality Trust, Inc.*		1,754		8,682
Bluerock Homes Trust, Inc.*		196		4,212
Braemar Hotels & Resorts, Inc.		3,492		16,273
Brandywine Realty Trust		8,656		50,984
Broadstone Net Lease, Inc.		8,825		156,644
BRT Apartments Corp.		614		12,998
CareTrust REIT, Inc.		4,925		96,875
CBL & Associates Properties, Inc.(b)		1,358		34,697
Centerspace		768		48,084
Chatham Lodging Trust		2,445		29,853
City Office REIT, Inc.		1,985		16,793
Clipper Realty, Inc.		611		4,063
Community Healthcare Trust, Inc.		1,209		46,837
Corporate Office Properties Trust		5,746		146,121
CTO Realty Growth, Inc.		944		16,596
DiamondRock Hospitality Co.		10,697		93,278
Diversified Healthcare Trust		12,130		11,887
Easterly Government Properties, Inc.		4,649		70,200
Elme Communities		4,458		82,963
Empire State Realty Trust, Inc., Class A		6,785		49,463
Equity Commonwealth		5,344		113,453
Essential Properties Realty Trust, Inc.		7,168		184,648
Farmland Partners, Inc.		2,545		27,282
Four Corners Property Trust, Inc.		4,267		115,849
Franklin Street Properties Corp.		5,036		12,187
Getty Realty Corp.		2,151		73,844
Gladstone Commercial Corp.		1,998		27,333
Gladstone Land Corp.		1,643		28,917
Global Medical REIT, Inc.		3,112		31,307
Global Net Lease, Inc.		5,314		75,034
Hersha Hospitality Trust, Class A		1,601		13,384
Independence Realty Trust, Inc.		11,455		207,221
Indus Realty Trust, Inc.		272		18,096
Industrial Logistics Properties Trust		3,314		13,587
Innovative Industrial Properties, Inc.		1,417		125,277
InvenTrust Properties Corp.		3,457		83,625
iStar, Inc.		3,536		27,227
Kite Realty Group Trust		11,111		241,331
LTC Properties, Inc.		2,038		73,001
LXP Industrial Trust		13,878		144,748
Macerich Co. (The)		10,985		131,271
National Health Investors, Inc.		2,130		117,150
Necessity Retail REIT, Inc. (The)		6,815		46,751
NETSTREIT Corp.(b)		2,810		56,734
NexPoint Residential Trust, Inc.		1,162		56,276
Office Properties Income Trust		2,445		40,196
One Liberty Properties, Inc.		832		18,845
Orion Office REIT, Inc.		2,910		24,910
Outfront Media, Inc.		7,467		130,299
Paramount Group, Inc.		9,551		50,334
Pebblebrook Hotel Trust		6,625		94,539
Phillips Edison & Co., Inc.		5,975		203,688
Physicians Realty Trust		11,626		172,414
Piedmont Office Realty Trust, Inc., Class A		6,269		57,361
Plymouth Industrial REIT, Inc.		1,921		41,551
Postal Realty Trust, Inc., Class A		914		13,372
PotlatchDeltic Corp.		4,059		187,363
Retail Opportunity Investments Corp.		6,149		87,500
RLJ Lodging Trust		8,180		92,761
RPT Realty		4,309		46,192
Ryman Hospitality Properties, Inc.		2,745		254,654
Sabra Health Care REIT, Inc.		11,772		140,205
Safehold, Inc.		1,371		40,965
Saul Centers, Inc.		603		23,710
Service Properties Trust		8,376		91,968
SITE Centers Corp.		9,933		132,804
STAG Industrial, Inc.		9,201		309,522
Summit Hotel Properties, Inc.		5,341		39,523
Sunstone Hotel Investors, Inc.		10,818		114,346
Tanger Factory Outlet Centers, Inc.		5,171		97,680
Terreno Realty Corp.		4,050		251,950
UMH Properties, Inc.		2,595		44,141
Uniti Group, Inc.		12,102		66,440
Universal Health Realty Income Trust		653		34,622
Urban Edge Properties		5,836		89,874
Urstadt Biddle Properties, Inc., Class A		1,500		25,950
Veris Residential, Inc.*		4,393		70,903
Whitestone REIT		2,386		22,548
Xenia Hotels & Resorts, Inc.		5,834		81,909
				7,061,954
Food & Staples Retailing - 0.5%
Andersons, Inc. (The)		1,634		74,559
Chefs’ Warehouse, Inc. (The)*		1,738		56,572
HF Foods Group, Inc.*		1,845		7,159
Ingles Markets, Inc., Class A		725		64,815
Natural Grocers by Vitamin Cottage, Inc.		473		5,193
PriceSmart, Inc.		1,255		87,499
Rite Aid Corp.*(b)		2,826		10,908
SpartanNash Co.		1,778		47,579
Sprouts Farmers Market, Inc.*		5,407		163,778
United Natural Foods, Inc.*		2,964		120,724
Village Super Market, Inc., Class A		432		9,647
Weis Markets, Inc.		838		64,057
				712,490
Food Products - 1.0%
Alico, Inc.		319		8,211
AppHarvest, Inc.*		3,862		3,939
B&G Foods, Inc.(b)		3,609		45,726
Benson Hill, Inc.*		8,729		19,466
Beyond Meat, Inc.*(b)		3,130		55,839
BRC, Inc., Class A*(b)		1,379		9,184
Calavo Growers, Inc.		880		28,398
Cal-Maine Foods, Inc.		1,934		109,851
Fresh Del Monte Produce, Inc.		1,557		48,703
Hain Celestial Group, Inc. (The)*		4,568		81,447
Hostess Brands, Inc.*		6,807		168,133
J & J Snack Foods Corp.		775		109,438
John B Sanfilippo & Son, Inc.		455		40,845
Lancaster Colony Corp.		992		190,444
Lifecore Biomedical, Inc.*		1,335		7,730
Local Bounti Corp.*(b)		3,298		2,263
Mission Produce, Inc.*		2,044		23,547
Seneca Foods Corp., Class A*		260		14,456
Simply Good Foods Co. (The)*		4,530		173,454
Sovos Brands, Inc.*		1,954		25,539

Ultra Russell2000
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
SunOpta, Inc.*		4,980		38,246
Tattooed Chef, Inc.*(b)		2,496		3,145
Tootsie Roll Industries, Inc.		797		35,092
TreeHouse Foods, Inc.*		2,594		126,561
Utz Brands, Inc.		3,352		54,973
Vital Farms, Inc.*		1,523		24,612
Whole Earth Brands, Inc.*		2,073		7,131
				1,456,373
Gas Utilities - 0.9%
Brookfield Infrastructure Corp., Class A		4,995		215,834
Chesapeake Utilities Corp.		888		113,744
New Jersey Resources Corp.		4,910		250,557
Northwest Natural Holding Co.		1,768		85,465
ONE Gas, Inc.		2,743		219,879
Southwest Gas Holdings, Inc.		3,417		215,305
Spire, Inc.		2,600		183,040
				1,283,824
Health Care Equipment & Supplies - 3.2%
Alphatec Holdings, Inc.*		3,696		54,738
AngioDynamics, Inc.*		1,898		23,497
Artivion, Inc.*		1,985		26,281
AtriCure, Inc.*		2,325		89,512
Atrion Corp.		69		39,192
Avanos Medical, Inc.*		2,360		66,245
Axogen, Inc.*		2,067		17,053
Axonics, Inc.*		2,499		150,165
Bioventus, Inc., Class A*(b)		1,629		3,470
Butterfly Network, Inc.*(b)		6,777		16,671
Cardiovascular Systems, Inc.*		2,080		40,997
Cerus Corp.*		8,799		25,165
CONMED Corp.		1,484		142,746
Cue Health, Inc.*(b)		5,552		11,937
Cutera, Inc.*		846		27,436
Embecta Corp.		2,968		94,828
Figs, Inc., Class A*		6,503		59,893
Glaukos Corp.*		2,333		110,188
Haemonetics Corp.*		2,590		201,424
Heska Corp.*		492		40,064
Inari Medical, Inc.*		2,460		138,400
Inogen, Inc.*		1,173		18,381
Inspire Medical Systems, Inc.*		1,440		374,299
Integer Holdings Corp.*		1,681		126,041
iRadimed Corp.		363		13,779
iRhythm Technologies, Inc.*		1,540		181,227
Lantheus Holdings, Inc.*		3,485		257,751
LeMaitre Vascular, Inc.		994		49,809
LivaNova plc*		2,738		129,562
Merit Medical Systems, Inc.*		2,850		201,153
Mesa Laboratories, Inc.		260		45,895
Nano-X Imaging Ltd.*(b)		2,333		17,008
Neogen Corp.*		11,064		195,722
Nevro Corp.*		1,780		55,963
NuVasive, Inc.*		2,669		115,381
Omnicell, Inc.*		2,264		123,252
OraSure Technologies, Inc.*		3,660		23,095
Orthofix Medical, Inc.*		1,768		36,421
OrthoPediatrics Corp.*		773		33,826
Outset Medical, Inc.*		2,471		56,363
Owlet, Inc.*		842		309
Paragon 28, Inc.*		2,352		41,419
PROCEPT BioRobotics Corp.*		1,322		49,509
Pulmonx Corp.*		1,745		19,596
RxSight, Inc.*		1,050		14,406
Senseonics Holdings, Inc.*(b)		24,114		25,079
Shockwave Medical, Inc.*		1,816		345,476
SI-BONE, Inc.*		1,731		34,230
Sight Sciences, Inc.*		1,112		12,210
Silk Road Medical, Inc.*		1,914		101,423
STAAR Surgical Co.*		2,446		135,484
Surmodics, Inc.*		696		15,201
Tactile Systems Technology, Inc.*		1,000		14,450
Tenon Medical, Inc.*		384		891
TransMedics Group, Inc.*		1,556		124,589
Treace Medical Concepts, Inc.*		1,701		36,503
UFP Technologies, Inc.*		349		41,084
Utah Medical Products, Inc.		175		16,061
Varex Imaging Corp.*		1,969		34,832
Vicarious Surgical, Inc.*(b)		2,817		7,888
ViewRay, Inc.*		7,549		32,612
Zimvie, Inc.*		1,062		12,086
Zynex, Inc.*(b)		1,099		14,199
				4,564,367
Health Care Providers & Services - 2.1%
23andMe Holding Co.*		13,168		33,052
Accolade, Inc.*		3,353		37,252
AdaptHealth Corp.*		3,682		58,875
Addus HomeCare Corp.*		788		85,608
Agiliti, Inc.*		1,422		27,103
AirSculpt Technologies, Inc.(b)		631		4,133
Alignment Healthcare, Inc.*		5,015		49,849
AMN Healthcare Services, Inc.*		2,207		198,652
Apollo Medical Holdings, Inc.*		1,985		69,276
ATI Physical Therapy, Inc.*(b)		3,816		1,328
Aveanna Healthcare Holdings, Inc.*		2,271		2,771
Brookdale Senior Living, Inc.*		9,485		30,637
Cano Health, Inc.*		8,254		13,619
CareMax, Inc.*		2,980		12,814
Castle Biosciences, Inc.*		1,251		31,500
Clover Health Investments Corp.*		19,698		26,001
Community Health Systems, Inc.*		6,377		38,645
CorVel Corp.*		453		81,667
Cross Country Healthcare, Inc.*		1,822		48,192
DocGo, Inc.*		4,207		38,494
Ensign Group, Inc. (The)		2,748		245,891
Fulgent Genetics, Inc.*		1,067		34,987
GeneDx Holdings Corp.*		8,061		4,030
HealthEquity, Inc.*		4,233		275,865
Hims & Hers Health, Inc.*		6,188		69,739
Innovage Holding Corp.*(b)		976		7,408
Invitae Corp.*(b)		12,495		26,864
Joint Corp. (The)*		717		11,257
LifeStance Health Group, Inc.*		3,684		18,862
ModivCare, Inc.*		645		63,333
National HealthCare Corp.		641		35,716
National Research Corp.		717		32,380
NeoGenomics, Inc.*		6,417		108,126
Oncology Institute, Inc. (The)*(b)		1,775		2,503
OPKO Health, Inc.*		20,586		23,468
Option Care Health, Inc.*		7,971		244,471
Owens & Minor, Inc.*		3,763		57,687
P3 Health Partners, Inc.*(b)		1,239		1,487
Patterson Cos., Inc.		4,445		117,881
Pediatrix Medical Group, Inc.*		4,171		65,651
Pennant Group, Inc. (The)*		1,316		19,766
PetIQ, Inc.*		1,383		12,890
Privia Health Group, Inc.*		2,335		65,217
Progyny, Inc.*		3,854		144,756

Ultra Russell2000
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
R1 RCM, Inc.*		7,664		108,829
RadNet, Inc.*		2,544		60,000
Select Medical Holdings Corp.		5,309		144,352
Surgery Partners, Inc.*		2,550		85,297
US Physical Therapy, Inc.		655		66,371
				3,044,552
Health Care Technology - 0.5%
American Well Corp., Class A*(b)		11,696		32,632
Babylon Holdings Ltd., Class A*(b)		223		2,218
Computer Programs and Systems, Inc.*		715		21,457
Evolent Health, Inc., Class A*		4,181		146,377
Health Catalyst, Inc.*		2,797		39,046
HealthStream, Inc.*		1,232		31,601
Multiplan Corp.*		19,269		19,462
NextGen Healthcare, Inc.*		2,888		52,302
Nutex Health, Inc.*		12,778		17,506
OptimizeRx Corp.*		851		15,190
Pear Therapeutics, Inc.*(b)		3,493		3,450
Phreesia, Inc.*		2,533		93,215
Schrodinger, Inc.*		2,751		59,779
Sharecare, Inc.*		15,201		35,570
Simulations Plus, Inc.		797		30,318
Veradigm, Inc.*		5,494		91,255
				691,378
Hotels, Restaurants & Leisure - 2.2%
Accel Entertainment, Inc.*		2,846		26,041
Bally’s Corp.*		1,828		36,103
Biglari Holdings, Inc., Class B*		38		6,832
BJ’s Restaurants, Inc.*		1,156		36,992
Bloomin’ Brands, Inc.		4,455		116,275
Bluegreen Vacations Holding Corp.		602		19,968
Bowlero Corp.*(b)		1,506		23,162
Brinker International, Inc.*		2,215		84,170
Century Casinos, Inc.*		1,390		12,871
Cheesecake Factory, Inc. (The)		2,472		92,552
Chuy’s Holdings, Inc.*		914		32,676
Cracker Barrel Old Country Store, Inc.		1,129		123,016
Dave & Buster’s Entertainment, Inc.*		2,190		87,644
Denny’s Corp.*		2,841		33,154
Dine Brands Global, Inc.		754		57,809
El Pollo Loco Holdings, Inc.		995		11,910
Everi Holdings, Inc.*		4,400		83,556
F45 Training Holdings, Inc.*		1,875		3,881
First Watch Restaurant Group, Inc.*		770		11,766
Full House Resorts, Inc.*		1,676		16,224
Golden Entertainment, Inc.*		1,026		42,179
Hilton Grand Vacations, Inc.*		4,382		209,197
Inspirato, Inc.*		1,046		1,077
Inspired Entertainment, Inc.*		1,086		17,170
International Game Technology plc		5,009		133,039
Jack in the Box, Inc.		1,079		84,594
Krispy Kreme, Inc.		3,662		47,643
Kura Sushi USA, Inc., Class A*		236		14,778
Life Time Group Holdings, Inc.*		2,145		38,760
Light & Wonder, Inc.*		4,816		301,530
Lindblad Expeditions Holdings, Inc.*		1,711		14,680
Monarch Casino & Resort, Inc.		679		49,988
NEOGAMES SA*		663		10,310
Noodles & Co., Class A*		2,085		12,176
ONE Group Hospitality, Inc. (The)*		1,150		9,775
Papa John’s International, Inc.		1,663		139,609
Portillo’s, Inc., Class A*(b)		1,420		32,262
RCI Hospitality Holdings, Inc.		439		36,775
Red Rock Resorts, Inc., Class A		2,588		113,018
Rush Street Interactive, Inc.*		3,097		12,976
Ruth’s Hospitality Group, Inc.		1,610		30,027
SeaWorld Entertainment, Inc.*		2,028		131,009
Shake Shack, Inc., Class A*		1,913		106,726
Sonder Holdings, Inc.*(b)		9,657		9,947
Sweetgreen, Inc., Class A*		4,524		39,449
Target Hospitality Corp.*(b)		1,491		22,112
Texas Roadhouse, Inc.		3,420		347,267
Vacasa, Inc., Class A*(b)		5,895		8,548
Wingstop, Inc.		1,528		260,295
Xponential Fitness, Inc., Class A*		903		22,927
				3,216,445
Household Durables - 1.5%
Aterian, Inc.*(b)		3,362		4,034
Beazer Homes USA, Inc.*		1,492		22,246
Cavco Industries, Inc.*		454		129,390
Century Communities, Inc.		1,440		86,126
Dream Finders Homes, Inc., Class A*(b)		1,069		12,860
Ethan Allen Interiors, Inc.		1,154		34,101
GoPro, Inc., Class A*		6,589		34,197
Green Brick Partners, Inc.*		1,385		43,212
Helen of Troy Ltd.*		1,212		136,580
Hovnanian Enterprises, Inc., Class A*		266		18,117
Installed Building Products, Inc.		1,214		140,071
iRobot Corp.*		1,369		56,252
KB Home		3,942		139,034
Landsea Homes Corp.*		482		3,150
La-Z-Boy, Inc.		2,192		70,977
Legacy Housing Corp.*		446		8,902
LGI Homes, Inc.*		1,047		109,213
Lifetime Brands, Inc.		652		5,164
Lovesac Co. (The)*		710		20,441
M/I Homes, Inc.*		1,358		78,547
MDC Holdings, Inc.		2,917		107,929
Meritage Homes Corp.*		1,852		202,294
Purple Innovation, Inc.*		2,798		12,087
Skyline Champion Corp.*		2,720		186,075
Snap One Holdings Corp.*(b)		917		10,720
Sonos, Inc.*		6,508		126,451
Taylor Morrison Home Corp., Class A*		5,335		191,153
Traeger, Inc.*		1,692		6,734
Tri Pointe Homes, Inc.*		5,145		122,657
Tupperware Brands Corp.*		2,249		9,221
Universal Electronics, Inc.*		617		7,848
Vizio Holding Corp., Class A*		3,516		36,039
Vuzix Corp.*(b)		3,024		12,550
				2,184,372
Household Products - 0.2%
Central Garden & Pet Co.*		502		20,331
Central Garden & Pet Co., Class A*		2,045		78,589
Energizer Holdings, Inc.		3,401		123,218
WD-40 Co.		697		120,881
				343,019
Independent Power and Renewable Electricity Producers - 0.4%
Altus Power, Inc.*		2,208		14,948

Ultra Russell2000
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Clearway Energy, Inc., Class A		1,776		52,765
Clearway Energy, Inc., Class C(b)		4,184		131,419
Montauk Renewables, Inc.*		3,285		32,390
Ormat Technologies, Inc.		2,507		211,892
Sunnova Energy International, Inc.*(b)		5,063		90,020
				533,434
Industrial Conglomerates - 0.0%(d)
Brookfield Business Corp., Class A		1,325		25,705
Insurance - 1.9%
Ambac Financial Group, Inc.*		2,259		37,386
American Equity Investment Life Holding Co.		3,610		150,357
AMERISAFE, Inc.		974		53,122
Argo Group International Holdings Ltd.		1,619		47,032
Bright Health Group, Inc.*(b)		9,843		8,563
BRP Group, Inc., Class A*		3,100		89,094
CNO Financial Group, Inc.		5,788		148,289
Crawford & Co., Class A		788		4,350
Donegal Group, Inc., Class A		794		12,204
eHealth, Inc.*		1,262		9,288
Employers Holdings, Inc.		1,386		61,552
Enstar Group Ltd.*		573		140,104
Genworth Financial, Inc., Class A*		25,240		157,245
Goosehead Insurance, Inc., Class A*		971		45,297
Greenlight Capital Re Ltd., Class A*		1,333		12,237
HCI Group, Inc.		318		16,695
Hippo Holdings, Inc.*(b)		876		15,076
Horace Mann Educators Corp.		2,096		77,468
Investors Title Co.		66		10,781
James River Group Holdings Ltd.		1,875		45,188
Kinsale Capital Group, Inc.		1,102		351,207
Lemonade, Inc.*		2,393		39,006
MBIA, Inc.*		2,449		33,772
Mercury General Corp.		1,365		46,478
National Western Life Group, Inc., Class A		116		31,296
NI Holdings, Inc.*		431		5,965
Oscar Health, Inc., Class A*		6,152		34,082
Palomar Holdings, Inc.*		1,239		74,340
ProAssurance Corp.		2,750		54,698
RLI Corp.		1,991		274,579
Root, Inc., Class A*(b)		397		1,989
Safety Insurance Group, Inc.		725		58,500
Selective Insurance Group, Inc.		3,044		309,057
Selectquote, Inc.*		6,903		16,153
SiriusPoint Ltd.*		4,698		33,356
Stewart Information Services Corp.		1,368		58,126
Tiptree, Inc.		1,264		20,350
Trean Insurance Group, Inc.*		1,151		7,010
Trupanion, Inc.*		1,988		118,047
United Fire Group, Inc.		1,088		31,052
Universal Insurance Holdings, Inc.		1,316		25,438
				2,765,829
Interactive Media & Services - 0.6%
Arena Group Holdings, Inc. (The)*(b)		592		4,653
Bumble, Inc., Class A*		4,398		106,344
Cargurus, Inc.*		5,205		88,745
Cars.com, Inc.*		3,374		64,781
DHI Group, Inc.*		2,129		9,027
Eventbrite, Inc., Class A*		3,984		34,900
EverQuote, Inc., Class A*		1,018		13,896
fuboTV, Inc.*(b)		9,587		18,311
Leafly Holdings, Inc.*(b)		1,556		842
MediaAlpha, Inc., Class A*		1,256		19,016
Outbrain, Inc.*		1,859		8,217
QuinStreet, Inc.*		2,586		43,884
Shutterstock, Inc.		1,221		91,844
TrueCar, Inc.*		4,454		10,378
Vimeo, Inc.*		7,300		27,959
Vinco Ventures, Inc.*(b)		11,969		5,866
Wejo Group Ltd.*(b)		2,928		1,932
Yelp, Inc.*		3,448		103,509
Ziff Davis, Inc.*		2,330		184,023
ZipRecruiter, Inc., Class A*		3,719		63,446
				901,573
Internet & Direct Marketing Retail - 0.2%
1-800-Flowers.com, Inc., Class A*		1,372		13,583
1stdibs.com, Inc.*		1,207		6,132
aka Brands Holding Corp.*		569		802
BARK, Inc.*		6,087		8,217
Boxed, Inc.*(b)		2,932		1,798
CarParts.com, Inc.*		2,590		16,239
ContextLogic, Inc., Class A*		29,506		14,361
Duluth Holdings, Inc., Class B*		672		4,039
Groupon, Inc.*(b)		1,113		8,359
Lands’ End, Inc.*		777		5,905
Lulu’s Fashion Lounge Holdings, Inc.*(b)		848		2,586
Overstock.com, Inc.*		2,171		42,052
PetMed Express, Inc.		1,030		19,343
Qurate Retail, Inc., Series A*		17,855		37,674
RealReal, Inc. (The)*		4,511		6,090
Rent the Runway, Inc., Class A*(b)		2,412		8,225
Revolve Group, Inc.*		2,082		56,381
RumbleON, Inc., Class B*(b)		534		4,854
Stitch Fix, Inc., Class A*		4,267		19,884
ThredUp, Inc., Class A*(b)		2,993		4,759
Xometry, Inc., Class A*(b)		1,739		52,883
				334,166
IT Services - 1.7%
AvidXchange Holdings, Inc.*		7,475		74,376
BigCommerce Holdings, Inc., Series 1*		3,315		31,559
Brightcove, Inc.*		2,123		11,401
Cantaloupe, Inc.*		2,978		17,153
Cass Information Systems, Inc.		685		33,120
Cerberus Cyber Sentinel Corp.*(b)		2,360		1,345
Conduent, Inc.*		8,657		34,455
CSG Systems International, Inc.		1,585		89,077
Cyxtera Technologies, Inc.*(b)		1,882		4,216
DigitalOcean Holdings, Inc.*		3,557		113,753
Edgio, Inc.*		7,002		8,612
EVERTEC, Inc.		3,116		114,700
Evo Payments, Inc., Class A*		2,411		81,612
ExlService Holdings, Inc.*		1,651		271,606
Fastly, Inc., Class A*		5,785		80,354
Flywire Corp.*		2,907		71,890
Grid Dynamics Holdings, Inc.*		2,735		31,863
Hackett Group, Inc. (The)		1,375		25,630
I3 Verticals, Inc., Class A*		1,124		27,662
IBEX Holdings Ltd.*		456		12,745
Information Services Group, Inc.		1,791		9,439

Ultra Russell2000
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
International Money Express, Inc.*		1,597		40,803
Marqeta, Inc., Class A*		22,139		128,406
Maximus, Inc.		3,089		253,545
MoneyGram International, Inc.*		4,783		51,896
Payoneer Global, Inc.*		11,246		65,227
Paysafe Ltd.*		1,438		28,667
Perficient, Inc.*		1,743		123,404
PFSweb, Inc.		861		5,545
Priority Technology Holdings, Inc.*		904		3,544
Rackspace Technology, Inc.*		2,936		6,900
Remitly Global, Inc.*		5,110		74,759
Repay Holdings Corp.*		4,468		37,889
Sabre Corp.*		16,631		84,153
Squarespace, Inc., Class A*		1,553		36,356
StoneCo Ltd., Class A*		14,134		120,280
TTEC Holdings, Inc.		962		38,730
Tucows, Inc., Class A*(b)		504		11,652
Unisys Corp.*		3,378		16,822
Verra Mobility Corp.*		7,150		123,194
				2,398,340
Leisure Products - 0.4%
Acushnet Holdings Corp.		1,698		81,946
AMMO, Inc.*(b)		4,511		8,797
Clarus Corp.		1,470		14,553
Johnson Outdoors, Inc., Class A		271		17,577
Latham Group, Inc.*		2,196		6,983
Malibu Boats, Inc., Class A*		1,037		61,971
Marine Products Corp.		425		5,440
MasterCraft Boat Holdings, Inc.*		896		30,258
Smith & Wesson Brands, Inc.		2,316		25,337
Solo Brands, Inc., Class A*(b)		1,120		4,626
Sturm Ruger & Co., Inc.		879		51,219
Topgolf Callaway Brands Corp.*		7,135		165,389
Vista Outdoor, Inc.*		2,849		81,367
				555,463
Life Sciences Tools & Services - 0.6%
AbCellera Biologics, Inc.*		10,560		88,704
Adaptive Biotechnologies Corp.*		5,685		48,607
Akoya Biosciences, Inc.*		804		9,270
Alpha Teknova, Inc.*		319		1,729
Berkeley Lights, Inc.*		2,878		5,036
BioLife Solutions, Inc.*		1,719		39,984
Bionano Genomics, Inc.*(b)		15,257		20,444
Codexis, Inc.*		3,128		15,124
CryoPort, Inc.*		2,255		48,843
Cytek Biosciences, Inc.*		5,822		59,967
Inotiv, Inc.*(b)		888		6,660
MaxCyte, Inc.*		4,437		20,144
Medpace Holdings, Inc.*		1,294		250,881
NanoString Technologies, Inc.*		2,368		23,112
Nautilus Biotechnology, Inc.*		2,429		5,149
OmniAb, Inc.*		3,929		16,384
Pacific Biosciences of California, Inc.*		11,525		104,647
Quanterix Corp.*		1,730		19,030
Quantum-Si, Inc.*		4,658		8,477
Science 37 Holdings, Inc.*(b)		3,207		1,058
Seer, Inc.*		2,632		10,765
Singular Genomics Systems, Inc.*		2,878		6,188
SomaLogic, Inc.*		7,631		19,383
				829,586
Machinery - 3.5%
3D Systems Corp.*		6,462		63,263
Alamo Group, Inc.		513		93,566
Albany International Corp., Class A		1,589		160,362
Altra Industrial Motion Corp.		3,315		203,972
Astec Industries, Inc.		1,164		52,415
Barnes Group, Inc.		2,497		105,224
Berkshire Grey, Inc.*(b)		2,520		3,326
Blue Bird Corp.*		891		18,096
Chart Industries, Inc.*		2,175		290,362
CIRCOR International, Inc.*		942		27,572
Columbus McKinnon Corp.		1,429		53,044
Desktop Metal, Inc., Class A*(b)		13,671		20,780
Douglas Dynamics, Inc.		1,147		42,772
Energy Recovery, Inc.*		2,806		61,928
Enerpac Tool Group Corp.		2,916		78,528
EnPro Industries, Inc.		1,062		114,165
ESCO Technologies, Inc.		1,314		122,452
Evoqua Water Technologies Corp.*		6,000		291,360
Fathom Digital Manufacturing Corp.*		496		590
Federal Signal Corp.		3,046		160,737
Franklin Electric Co., Inc.		2,351		224,685
Gorman-Rupp Co. (The)		1,160		32,318
Greenbrier Cos., Inc. (The)		1,624		52,147
Helios Technologies, Inc.		1,660		112,448
Hillenbrand, Inc.		3,533		166,546
Hillman Solutions Corp.*		6,862		61,003
Hydrofarm Holdings Group, Inc.*		2,227		4,276
Hyliion Holdings Corp.*		7,003		19,818
Hyster-Yale Materials Handling, Inc.		553		21,517
Hyzon Motors, Inc.*(b)		4,477		5,820
John Bean Technologies Corp.		1,612		178,755
Kadant, Inc.		592		127,079
Kennametal, Inc.		4,150		117,569
Lightning eMotors, Inc.*(b)		2,021		1,357
Lindsay Corp.		562		84,575
Luxfer Holdings plc		1,384		22,933
Manitowoc Co., Inc. (The)*		1,770		33,471
Markforged Holding Corp.*		5,802		7,717
Microvast Holdings, Inc.*		8,792		11,342
Miller Industries, Inc.		566		15,740
Mueller Industries, Inc.		2,854		211,110
Mueller Water Products, Inc., Class A		7,952		110,294
Nikola Corp.*(b)		17,280		38,362
Omega Flex, Inc.		167		19,435
Proterra, Inc.*		11,401		47,884
Proto Labs, Inc.*		1,385		43,544
RBC Bearings, Inc.*(b)		1,454		334,144
REV Group, Inc.		1,674		19,569
Sarcos Technology and Robotics Corp.*(b)		5,579		3,515
Shyft Group, Inc. (The)		1,761		45,663
SPX Technologies, Inc.*		2,233		157,293
Standex International Corp.		609		70,449
Tennant Co.		945		66,925
Terex Corp.		3,401		201,373
Titan International, Inc.*		2,609		32,378
Trinity Industries, Inc.		4,190		116,943
Velo3D, Inc.*(b)		2,917		9,247
Wabash National Corp.		2,424		66,418
Watts Water Technologies, Inc., Class A		1,396		244,621
Xos, Inc.*(b)		2,872		2,205
				5,107,002

Ultra Russell2000
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Marine - 0.2%
Costamare, Inc.		2,694		28,287
Eagle Bulk Shipping, Inc.		685		44,710
Eneti, Inc.		1,129		11,945
Genco Shipping & Trading Ltd.		1,870		35,623
Golden Ocean Group Ltd.(b)		6,260		64,979
Matson, Inc.		1,906		126,768
Safe Bulkers, Inc.		3,652		13,695
				326,007
Media - 0.7%
AdTheorent Holding Co., Inc.*(b)		1,879		2,856
Advantage Solutions, Inc.*		4,207		9,255
AMC Networks, Inc., Class A*		1,543		34,502
Audacy, Inc.*		6,148		1,322
Boston Omaha Corp., Class A*		1,117		26,909
Cardlytics, Inc.*		1,628		8,873
Clear Channel Outdoor Holdings, Inc.*		18,807		33,288
Cumulus Media, Inc., Class A*		889		4,818
Daily Journal Corp.*		62		18,828
Entravision Communications Corp., Class A		3,029		19,870
EW Scripps Co. (The), Class A*		2,983		37,645
Gambling.com Group Ltd.*		456		4,460
Gannett Co., Inc.*		7,342		22,246
Gray Television, Inc.		4,187		48,988
iHeartMedia, Inc., Class A*		6,147		44,627
Innovid Corp.*		3,900		6,591
Integral Ad Science Holding Corp.*		1,947		21,261
John Wiley & Sons, Inc., Class A		2,191		97,478
Loyalty Ventures, Inc.*(b)		1,023		1,800
Magnite, Inc.*		6,748		75,105
PubMatic, Inc., Class A*		2,202		33,426
Quotient Technology, Inc.*		4,620		17,464
Scholastic Corp.		1,518		69,236
Sinclair Broadcast Group, Inc., Class A		2,043		33,240
Stagwell, Inc.*(b)		3,911		26,829
TechTarget, Inc.*		1,378		51,992
TEGNA, Inc.		11,363		197,716
Thryv Holdings, Inc.*		1,296		30,897
Urban One, Inc.*		422		2,882
Urban One, Inc., Class D*		550		2,745
WideOpenWest, Inc.*		2,734		29,883
				1,017,032
Metals & Mining - 1.5%
5E Advanced Materials, Inc.*(b)		1,961		13,256
Alpha Metallurgical Resources, Inc.		777		130,334
Arconic Corp.*		5,176		136,853
ATI, Inc.*		6,330		257,315
Carpenter Technology Corp.		2,438		117,829
Century Aluminum Co.*		2,649		31,973
Coeur Mining, Inc.*		14,207		44,326
Commercial Metals Co.		5,961		308,482
Compass Minerals International, Inc.		1,750		67,427
Constellium SE*		6,446		103,072
Dakota Gold Corp.*		2,665		7,489
Haynes International, Inc.		623		34,084
Hecla Mining Co.		28,215		145,307
Hycroft Mining Holding Corp.*(b)		7,805		3,035
Ivanhoe Electric, Inc.*(b)		739		11,107
Kaiser Aluminum Corp.		807		64,011
Materion Corp.		1,041		116,259
Novagold Resources, Inc.*		12,196		68,176
Olympic Steel, Inc.		489		25,673
Piedmont Lithium, Inc.*		885		57,436
PolyMet Mining Corp.*		1,490		3,725
Ramaco Resources, Inc.		1,144		11,383
Ryerson Holding Corp.		990		35,571
Schnitzer Steel Industries, Inc., Class A		1,288		42,105
SunCoke Energy, Inc.		4,249		40,408
TimkenSteel Corp.*		2,258		41,299
Tredegar Corp.		1,386		16,105
Warrior Met Coal, Inc.		2,626		100,497
Worthington Industries, Inc.		1,602		96,825
				2,131,362
Mortgage Real Estate Investment Trusts (REITs) - 1.0%
AFC Gamma, Inc.		832		12,888
Angel Oak Mortgage, Inc.(b)		609		4,580
Apollo Commercial Real Estate Finance, Inc.		7,175		82,441
Arbor Realty Trust, Inc.(b)		8,422		127,004
Ares Commercial Real Estate Corp.		2,618		29,610
ARMOUR Residential REIT, Inc.(b)		6,709		36,430
Blackstone Mortgage Trust, Inc., Class A		8,684		183,840
BrightSpire Capital, Inc.		4,779		35,317
Broadmark Realty Capital, Inc.		6,639		33,859
Chicago Atlantic Real Estate Finance, Inc.		277		4,061
Chimera Investment Corp.		11,858		76,958
Claros Mortgage Trust, Inc.		4,691		65,392
Dynex Capital, Inc.		2,325		30,760
Ellington Financial, Inc.		2,936		37,786
Franklin BSP Realty Trust, Inc.		4,231		59,276
Granite Point Mortgage Trust, Inc.		2,648		15,861
Hannon Armstrong Sustainable Infrastructure Capital, Inc.		4,442		139,523
Invesco Mortgage Capital, Inc.		1,815		22,744
KKR Real Estate Finance Trust, Inc.		2,912		42,224
Ladder Capital Corp.		5,793		65,461
MFA Financial, Inc.		5,235		56,067
New York Mortgage Trust, Inc.		18,870		50,383
Nexpoint Real Estate Finance, Inc.		409		7,382
Orchid Island Capital, Inc.		1,711		19,437
PennyMac Mortgage Investment Trust		4,538		59,130
Ready Capital Corp.		3,650		41,099
Redwood Trust, Inc.		5,776		43,955
TPG RE Finance Trust, Inc.		3,495		29,673
Two Harbors Investment Corp.		4,401		72,925
				1,486,066
Multiline Retail - 0.1%
Big Lots, Inc.		1,447		20,765
Dillard’s, Inc., Class A		202		71,995
Franchise Group, Inc.		1,330		36,987
				129,747
Multi-Utilities - 0.4%
Avista Corp.		3,762		154,694
Black Hills Corp.		3,315		203,574
NorthWestern Corp.		2,960		171,029
Unitil Corp.		810		43,999
				573,296

Ultra Russell2000
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Oil, Gas & Consumable Fuels - 3.8%
Aemetis, Inc.*(b)		1,524		5,441
Alto Ingredients, Inc.*		3,684		10,757
Amplify Energy Corp.*		1,819		15,243
Arch Resources, Inc.		757		119,114
Ardmore Shipping Corp.		2,085		37,843
Battalion Oil Corp.*		127		1,144
Berry Corp.		3,885		36,635
California Resources Corp.		3,776		159,347
Callon Petroleum Co.*		2,511		97,326
Centrus Energy Corp., Class A*		544		24,377
Chord Energy Corp.		2,119		285,260
Civitas Resources, Inc.		3,762		263,979
Clean Energy Fuels Corp.*		8,646		48,418
CNX Resources Corp.*		9,097		139,639
Comstock Resources, Inc.		4,676		56,767
CONSOL Energy, Inc.		1,751		95,832
Crescent Energy Co., Class A(b)		1,998		23,057
CVR Energy, Inc.		1,510		47,912
Delek US Holdings, Inc.		3,540		89,102
Denbury, Inc.*		2,556		213,094
DHT Holdings, Inc.		6,984		80,805
Dorian LPG Ltd.		1,567		34,396
Earthstone Energy, Inc., Class A*(b)		2,226		31,053
Empire Petroleum Corp.*(b)		516		6,708
Energy Fuels, Inc.*		7,956		53,385
Equitrans Midstream Corp.		20,968		126,437
Excelerate Energy, Inc., Class A		946		20,443
FLEX LNG Ltd.		1,453		50,405
Frontline plc		6,359		120,058
Gevo, Inc.*		10,037		18,568
Golar LNG Ltd.*		5,148		117,529
Green Plains, Inc.*		2,745		95,169
Gulfport Energy Corp.*		559		36,961
HighPeak Energy, Inc.(b)		357		9,550
International Seaways, Inc.		2,483		127,725
Kinetik Holdings, Inc.		845		25,139
Kosmos Energy Ltd.*		23,026		181,215
Magnolia Oil & Gas Corp., Class A		8,895		194,356
Matador Resources Co.		5,742		308,862
Murphy Oil Corp.		7,517		293,313
NACCO Industries, Inc., Class A		206		7,702
NextDecade Corp.*(b)		1,844		13,019
Nordic American Tankers Ltd.		10,467		46,369
Northern Oil and Gas, Inc.		3,368		104,543
Par Pacific Holdings, Inc.*		2,494		69,283
PBF Energy, Inc., Class A		5,006		218,812
Peabody Energy Corp.*(b)		6,004		163,909
Permian Resources Corp.		10,600		114,586
Ranger Oil Corp.		978		40,587
REX American Resources Corp.*		808		26,672
Riley Exploration Permian, Inc.		540		16,524
Ring Energy, Inc.*(b)		4,806		10,093
SandRidge Energy, Inc.*		1,620		23,636
Scorpio Tankers, Inc.		2,399		144,804
SFL Corp. Ltd.		5,859		60,465
SilverBow Resources, Inc.*(b)		598		14,723
Sitio Royalties Corp.		3,642		85,623
SM Energy Co.		6,177		182,283
Talos Energy, Inc.*		3,373		60,073
Teekay Corp.*		3,518		21,952
Teekay Tankers Ltd., Class A*		1,165		52,600
Tellurian, Inc.*(b)		26,020		38,770
Uranium Energy Corp.*(b)		17,996		66,585
Ur-Energy, Inc.*		10,679		11,426
VAALCO Energy, Inc.		5,419		25,415
Vertex Energy, Inc.*(b)		2,758		26,118
Vital Energy, Inc.*		846		43,476
W&T Offshore, Inc.*		4,820		27,040
World Fuel Services Corp.		3,126		85,809
				5,505,261
Paper & Forest Products - 0.1%
Clearwater Paper Corp.*		852		32,879
Glatfelter Corp.		2,244		8,617
Sylvamo Corp.		1,811		89,336
				130,832
Personal Products - 0.7%
Beauty Health Co. (The)*(b)		4,837		60,995
BellRing Brands, Inc.*		6,725		207,668
Edgewell Personal Care Co.		2,629		112,258
elf Beauty, Inc.*		2,508		187,473
Herbalife Nutrition Ltd.*		4,995		96,653
Honest Co., Inc. (The)*		3,356		9,363
Inter Parfums, Inc.		916		110,296
Medifast, Inc.		555		62,232
Nature’s Sunshine Products, Inc.*		685		7,425
Nu Skin Enterprises, Inc., Class A		2,507		99,879
Thorne HealthTech, Inc.*		701		3,470
USANA Health Sciences, Inc.*		573		34,827
Veru, Inc.*(b)		3,313		13,103
				1,005,642
Pharmaceuticals - 1.4%
Aclaris Therapeutics, Inc.*		3,294		41,043
Amneal Pharmaceuticals, Inc.*		5,252		10,819
Amphastar Pharmaceuticals, Inc.*		1,953		62,223
Amylyx Pharmaceuticals, Inc.*		2,571		89,522
AN2 Therapeutics, Inc.*		567		6,396
ANI Pharmaceuticals, Inc.*		649		27,154
Arvinas, Inc.*		2,480		76,012
Atea Pharmaceuticals, Inc.*		3,890		13,771
Athira Pharma, Inc.*		1,734		5,341
Axsome Therapeutics, Inc.*		1,635		111,491
Cara Therapeutics, Inc.*		2,284		23,205
Cassava Sciences, Inc.*(b)		1,944		48,017
Collegium Pharmaceutical, Inc.*		1,714		45,472
Corcept Therapeutics, Inc.*		4,405		91,756
DICE Therapeutics, Inc.*		1,805		53,861
Edgewise Therapeutics, Inc.*(b)		1,933		18,518
Esperion Therapeutics, Inc.*		3,761		23,243
Evolus, Inc.*		1,806		16,380
EyePoint Pharmaceuticals, Inc.*		1,328		4,435
Fulcrum Therapeutics, Inc.*		2,220		13,409
Harmony Biosciences Holdings, Inc.*		1,336		58,824
Innoviva, Inc.*		3,227		38,950
Intra-Cellular Therapies, Inc.*		4,672		229,068
Ligand Pharmaceuticals, Inc.*		771		55,620
Liquidia Corp.*		2,433		18,418
Nektar Therapeutics*		9,253		12,769
NGM Biopharmaceuticals, Inc.*		2,061		9,769
Nuvation Bio, Inc.*(b)		5,935		11,514
Ocular Therapeutix, Inc.*		3,929		23,731
Pacira BioSciences, Inc.*		2,290		97,485
Phathom Pharmaceuticals, Inc.*(b)		1,251		10,709
Phibro Animal Health Corp., Class A		1,039		16,323
Prestige Consumer Healthcare, Inc.*		2,540		153,035

Ultra Russell2000
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Provention Bio, Inc.*(b)		3,217		26,701
Reata Pharmaceuticals, Inc., Class A*		1,409		43,919
Relmada Therapeutics, Inc.*		1,397		5,029
Revance Therapeutics, Inc.*		4,117		142,860
Scilex Holding Co.*(b)		3,181		27,516
SIGA Technologies, Inc.(b)		2,402		16,454
Supernus Pharmaceuticals, Inc.*		2,529		95,065
Tarsus Pharmaceuticals, Inc.*		938		14,530
Theravance Biopharma, Inc.*		3,330		35,964
Theseus Pharmaceuticals, Inc.*		866		8,036
Third Harmonic Bio, Inc.*(b)		644		2,731
Ventyx Biosciences, Inc.*		1,271		54,971
Xeris Biopharma Holdings, Inc.*		6,751		9,316
				2,001,375
Professional Services - 1.5%
Alight, Inc., Class A*		17,314		166,214
ASGN, Inc.*		2,503		222,266
Atlas Technical Consultants, Inc.*		977		11,949
Barrett Business Services, Inc.		350		33,593
CBIZ, Inc.*		2,444		122,420
CRA International, Inc.		355		44,187
Exponent, Inc.		2,593		266,820
First Advantage Corp.*		2,994		43,443
Forrester Research, Inc.*		577		18,978
Franklin Covey Co.*		620		29,059
Heidrick & Struggles International, Inc.		997		34,227
HireRight Holdings Corp.*		1,081		11,913
Huron Consulting Group, Inc.*		1,006		70,611
ICF International, Inc.		941		93,620
Insperity, Inc.		1,850		229,567
Kelly Services, Inc., Class A		1,721		28,792
Kforce, Inc.		1,009		63,052
Korn Ferry		2,706		151,238
Legalzoom.com, Inc.*		4,891		39,959
NV5 Global, Inc.*		689		72,497
Planet Labs PBC*		7,930		36,557
Red Violet, Inc.*		496		10,104
Resources Connection, Inc.		1,637		29,564
Skillsoft Corp.*		4,139		6,457
Spire Global, Inc.*(b)		6,377		6,568
Sterling Check Corp.*		1,207		15,353
TriNet Group, Inc.*		1,910		158,282
TrueBlue, Inc.*		1,641		30,687
Upwork, Inc.*		6,194		70,240
Willdan Group, Inc.*		592		10,692
				2,128,909
Real Estate Management & Development - 0.5%
American Realty Investors, Inc.*		76		1,796
Anywhere Real Estate, Inc.*		5,475		31,700
Compass, Inc., Class A*		13,927		50,276
Cushman & Wakefield plc*		8,112		104,969
DigitalBridge Group, Inc.		8,055		98,835
Doma Holdings, Inc.*(b)		7,082		4,037
Douglas Elliman, Inc.		3,854		16,264
eXp World Holdings, Inc.		3,552		42,908
Forestar Group, Inc.*		929		13,257
FRP Holdings, Inc.*		341		18,636
Kennedy-Wilson Holdings, Inc.		6,023		100,644
Marcus & Millichap, Inc.		1,283		44,097
Newmark Group, Inc., Class A		6,891		55,266
Offerpad Solutions, Inc.*(b)		3,481		1,979
RE/MAX Holdings, Inc., Class A		907		16,770
Redfin Corp.*		5,420		40,162
RMR Group, Inc. (The), Class A		779		21,921
St Joe Co. (The)		1,757		75,252
Stratus Properties, Inc.		300		6,393
Tejon Ranch Co.*		1,060		20,363
Transcontinental Realty Investors, Inc.*		64		2,791
				768,316
Road & Rail - 0.6%
ArcBest Corp.		1,247		119,962
Bird Global, Inc., Class A*(b)		8,969		1,814
Covenant Logistics Group, Inc.		476		16,493
Daseke, Inc.*		2,055		16,748
Heartland Express, Inc.		2,383		38,438
Marten Transport Ltd.		2,975		65,658
PAM Transportation Services, Inc.*		337		9,773
Saia, Inc.*		1,355		367,029
TuSimple Holdings, Inc., Class A*		7,136		13,701
Universal Logistics Holdings, Inc.		366		10,870
Werner Enterprises, Inc.		3,232		150,126
				810,612
Semiconductors & Semiconductor Equipment - 2.4%
ACM Research, Inc., Class A*		2,445		25,379
Alpha & Omega Semiconductor Ltd.*		1,124		30,022
Ambarella, Inc.*		1,857		175,134
Amkor Technology, Inc.		5,176		133,334
Atomera, Inc.*(b)		1,052		6,975
Axcelis Technologies, Inc.*		1,666		214,148
AXT, Inc.*		2,098		9,168
CEVA, Inc.*		1,165		36,767
Cohu, Inc.*		2,400		89,280
Credo Technology Group Holding Ltd.*		4,916		52,159
Diodes, Inc.*		2,270		208,136
FormFactor, Inc.*		3,932		118,353
Ichor Holdings Ltd.*		1,431		47,151
Impinj, Inc.*		1,094		145,086
indie Semiconductor, Inc., Class A*(b)		5,203		54,423
Kulicke & Soffa Industries, Inc.		2,911		155,156
MACOM Technology Solutions Holdings, Inc.*		2,578		176,696
MaxLinear, Inc.*		3,710		126,919
Onto Innovation, Inc.*		2,528		208,484
PDF Solutions, Inc.*		1,534		57,433
Photronics, Inc.*		3,055		53,829
Power Integrations, Inc.		2,892		237,867
Rambus, Inc.*		5,450		241,053
Rigetti Computing, Inc.*		4,005		3,003
Semtech Corp.*		3,228		99,455
Silicon Laboratories, Inc.*		1,684		300,644
SiTime Corp.*		826		102,548
SkyWater Technology, Inc.*		575		7,550
SMART Global Holdings, Inc.*		2,448		40,882
Synaptics, Inc.*		2,024		238,043
Transphorm, Inc.*(b)		1,160		4,385
Ultra Clean Holdings, Inc.*		2,302		73,342
Veeco Instruments, Inc.*		2,588		55,047
				3,527,851
Software - 4.1%
8x8, Inc.*		5,675		30,191
A10 Networks, Inc.		3,255		49,541
ACI Worldwide, Inc.*		5,718		147,810

Ultra Russell2000
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Adeia, Inc.		5,314		52,396
Agilysys, Inc.*		1,010		80,709
Alarm.com Holdings, Inc.*		2,452		124,635
Alkami Technology, Inc.*		1,849		28,401
Altair Engineering, Inc., Class A*		2,651		169,823
American Software, Inc., Class A		1,603		21,705
Amplitude, Inc., Class A*		2,851		37,633
Appfolio, Inc., Class A*		988		130,475
Appian Corp., Class A*		2,041		84,599
Applied Digital Corp.*(b)		3,444		9,127
Arteris, Inc.*		904		5,939
Asana, Inc., Class A*(b)		3,755		55,536
AvePoint, Inc.*(b)		6,669		33,345
Blackbaud, Inc.*		2,368		131,874
Blackline, Inc.*		2,816		192,502
Blend Labs, Inc., Class A*		9,652		15,250
Box, Inc., Class A*		7,131		237,819
C3.ai, Inc., Class A*(b)		2,986		67,424
Cerence, Inc.*		2,005		54,897
Cipher Mining, Inc.*(b)		1,992		3,028
Cleanspark, Inc.*		2,327		6,423
Clear Secure, Inc., Class A		3,173		97,538
CommVault Systems, Inc.*		2,271		133,716
Consensus Cloud Solutions, Inc.*		959		39,357
Couchbase, Inc.*		1,443		23,463
CS Disco, Inc.*		1,148		8,036
Cvent Holding Corp.*		2,308		16,756
Digimarc Corp.*(b)		698		14,232
Digital Turbine, Inc.*		4,789		51,434
Domo, Inc., Class B*		1,577		24,239
Duck Creek Technologies, Inc.*		3,939		74,605
E2open Parent Holdings, Inc.*		10,159		62,986
Ebix, Inc.		1,343		23,341
eGain Corp.*		1,076		8,404
Enfusion, Inc., Class A*		1,366		14,644
EngageSmart, Inc.*		1,811		38,103
Envestnet, Inc.*		2,803		175,216
Everbridge, Inc.*		2,040		66,667
EverCommerce, Inc.*(b)		1,216		12,160
ForgeRock, Inc., Class A*(b)		1,942		39,694
Greenidge Generation Holdings, Inc.*(b)		733		378
Instructure Holdings, Inc.*(b)		882		22,729
Intapp, Inc.*		734		29,052
InterDigital, Inc.		1,515		110,580
IronNet, Inc.*(b)		3,355		1,598
Kaleyra, Inc.*(b)		1,605		1,370
Latch, Inc.*(b)		5,542		4,378
LivePerson, Inc.*		3,587		36,300
LiveRamp Holdings, Inc.*		3,369		79,609
LiveVox Holdings, Inc.*		1,153		2,629
Marathon Digital Holdings, Inc.*(b)		5,969		42,380
Matterport, Inc.*		11,425		34,846
MeridianLink, Inc.*		1,173		18,486
MicroStrategy, Inc., Class A*		480		125,890
Mitek Systems, Inc.*(b)		2,153		20,023
Model N, Inc.*		1,870		62,084
Momentive Global, Inc.*		6,646		45,857
N-able, Inc.*		3,477		41,168
NextNav, Inc.*		3,415		9,425
Olo, Inc., Class A*		4,585		36,359
ON24, Inc.*		2,122		20,456
OneSpan, Inc.*		2,021		27,324
PagerDuty, Inc.*		4,410		131,683
Porch Group, Inc.*		4,179		10,448
PowerSchool Holdings, Inc., Class A*		2,326		53,382
Progress Software Corp.		2,190		125,794
PROS Holdings, Inc.*		2,088		54,476
Q2 Holdings, Inc.*		2,849		91,966
Qualys, Inc.*		1,966		232,283
Rapid7, Inc.*(b)		3,012		142,468
Rimini Street, Inc.*		2,516		10,768
Riot Platforms, Inc.*(b)		8,084		50,525
Sapiens International Corp. NV		1,636		33,734
SecureWorks Corp., Class A*		513		3,883
ShotSpotter, Inc.*		455		15,516
SolarWinds Corp.*		2,462		20,976
Sprout Social, Inc., Class A*		2,386		145,498
SPS Commerce, Inc.*		1,849		278,533
Sumo Logic, Inc.*		5,924		70,318
Telos Corp.*		2,747		10,631
Tenable Holdings, Inc.*		5,703		252,244
Terawulf, Inc.*		1,104		712
Upland Software, Inc.*		1,508		8,731
Varonis Systems, Inc.*		5,557		150,484
Verint Systems, Inc.*		3,244		121,261
Veritone, Inc.*(b)		1,594		11,301
Viant Technology, Inc., Class A*		734		2,885
Weave Communications, Inc.*		1,611		8,329
WM Technology, Inc.*(b)		3,865		4,271
Workiva, Inc.*		2,430		216,756
Xperi, Inc.*		2,126		24,853
Yext, Inc.*		5,807		42,623
Zeta Global Holdings Corp., Class A*		5,663		60,084
Zuora, Inc., Class A*		6,335		53,657
				5,909,667
Specialty Retail - 2.2%
Aaron’s Co., Inc. (The)		1,544		22,156
Abercrombie & Fitch Co., Class A*		2,482		72,996
Academy Sports & Outdoors, Inc.		3,954		233,879
American Eagle Outfitters, Inc.		7,867		113,049
America’s Car-Mart, Inc.*		300		25,488
Arko Corp.		4,254		34,117
Asbury Automotive Group, Inc.*		1,129		256,396
Bed Bath & Beyond, Inc.*(b)		3,918		5,524
Big 5 Sporting Goods Corp.(b)		1,094		9,660
Boot Barn Holdings, Inc.*		1,506		116,640
Buckle, Inc. (The)		1,539		62,776
Build-A-Bear Workshop, Inc.*		689		14,435
Caleres, Inc.		1,797		46,920
Camping World Holdings, Inc., Class A(b)		1,984		45,295
Cato Corp. (The), Class A		924		8,547
Chico’s FAS, Inc.*		6,245		35,909
Children’s Place, Inc. (The)*		645		27,006
Citi Trends, Inc.*		413		11,581
Conn’s, Inc.*		666		5,708
Container Store Group, Inc. (The)*		1,657		7,208
Designer Brands, Inc., Class A		2,580		25,258
Destination XL Group, Inc.*		2,927		17,503
EVgo, Inc.*(b)		3,465		20,547
Express, Inc.*(b)		3,276		3,342
Foot Locker, Inc.		4,117		179,995
Genesco, Inc.*		639		28,736
Group 1 Automotive, Inc.		720		159,170
GrowGeneration Corp.*		2,927		12,396
Guess?, Inc.		1,581		33,264

Ultra Russell2000
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Haverty Furniture Cos., Inc.		742		28,003
Hibbett, Inc.		646		46,467
JOANN, Inc.(b)		562		2,040
LL Flooring Holdings, Inc.*		1,468		7,413
MarineMax, Inc.*		1,079		36,233
Monro, Inc.		1,592		80,300
Murphy USA, Inc.		1,067		272,181
National Vision Holdings, Inc.*		4,001		149,477
ODP Corp. (The)*		2,041		92,416
OneWater Marine, Inc., Class A*		575		15,997
Sally Beauty Holdings, Inc.*		5,461		87,867
Shoe Carnival, Inc.		880		23,188
Signet Jewelers Ltd.		2,335		167,233
Sleep Number Corp.*		1,087		43,328
Sonic Automotive, Inc., Class A		917		52,168
Sportsman’s Warehouse Holdings, Inc.*		1,963		17,647
Tile Shop Holdings, Inc.*		1,580		8,627
Tilly’s, Inc., Class A*		1,153		10,008
Torrid Holdings, Inc.*(b)		746		2,037
TravelCenters of America, Inc.*		643		54,237
Upbound Group, Inc.		2,547		68,387
Urban Outfitters, Inc.*		3,256		87,749
Volta, Inc.*(b)		6,297		5,402
Warby Parker, Inc., Class A*		4,256		55,371
Winmark Corp.		143		41,756
Zumiez, Inc.*		799		18,585
				3,109,618
Technology Hardware, Storage & Peripherals - 0.3%
Avid Technology, Inc.*		1,775		51,581
CompoSecure, Inc.*(b)		416		2,874
Corsair Gaming, Inc.*		1,954		34,195
Diebold Nixdorf, Inc.*		3,726		11,998
Eastman Kodak Co.*(b)		2,915		10,086
IonQ, Inc.*(b)		6,066		28,753
Super Micro Computer, Inc.*		2,360		231,209
Turtle Beach Corp.*		790		6,391
Xerox Holdings Corp.		5,836		96,236
				473,323
Textiles, Apparel & Luxury Goods - 0.7%
Allbirds, Inc., Class A*(b)		4,922		14,077
Crocs, Inc.*		3,095		376,692
Ermenegildo Zegna NV(b)		3,054		39,763
Fossil Group, Inc.*		2,405		10,414
G-III Apparel Group Ltd.*		2,194		36,453
Kontoor Brands, Inc.		2,834		147,793
Movado Group, Inc.		788		27,281
Oxford Industries, Inc.		771		90,677
PLBY Group, Inc.*(b)		2,082		4,435
Rocky Brands, Inc.		352		9,370
Steven Madden Ltd.		3,925		142,478
Superior Group of Cos., Inc.		602		6,971
Unifi, Inc.*		731		7,566
Wolverine World Wide, Inc.		3,948		66,129
				980,099
Thrifts & Mortgage Finance - 1.2%
Axos Financial, Inc.*		2,924		138,568
Blue Foundry Bancorp*		1,308		16,010
Bridgewater Bancshares, Inc.*		1,037		15,254
Capitol Federal Financial, Inc.		6,630		55,626
Columbia Financial, Inc.*(b)		1,735		36,608
Enact Holdings, Inc.		1,531		37,127
Essent Group Ltd.		5,374		230,813
Federal Agricultural Mortgage Corp., Class C		464		65,823
Finance of America Cos., Inc., Class A*(b)		2,001		2,921
Greene County Bancorp, Inc.		173		9,740
Hingham Institution For Savings (The)		75		21,352
Home Bancorp, Inc.		372		14,713
Home Point Capital, Inc.		405		636
Kearny Financial Corp.		3,032		30,441
Luther Burbank Corp.		757		8,804
Merchants Bancorp		802		24,261
Mr Cooper Group, Inc.*		3,535		164,130
NMI Holdings, Inc., Class A*		4,188		97,748
Northfield Bancorp, Inc.		2,177		32,024
PennyMac Financial Services, Inc.		1,366		82,602
Pioneer Bancorp, Inc.*		592		6,696
Provident Bancorp, Inc.		735		6,740
Provident Financial Services, Inc.		3,728		87,049
Radian Group, Inc.		8,031		171,462
Southern Missouri Bancorp, Inc.		401		18,558
Sterling Bancorp, Inc.*		884		5,481
TrustCo Bank Corp.		956		35,812
Velocity Financial, Inc.*		439		4,232
Walker & Dunlop, Inc.		1,566		136,602
Waterstone Financial, Inc.		964		15,520
WSFS Financial Corp.		3,124		155,919
				1,729,272
Tobacco - 0.1%
22nd Century Group, Inc.*(b)		8,253		7,457
Turning Point Brands, Inc.		755		18,044
Universal Corp.		1,232		62,327
Vector Group Ltd.		7,332		97,296
				185,124
Trading Companies & Distributors - 1.5%
Alta Equipment Group, Inc.		1,058		19,901
Applied Industrial Technologies, Inc.		1,953		279,006
Beacon Roofing Supply, Inc.*		2,620		170,300
BlueLinx Holdings, Inc.*		447		37,722
Boise Cascade Co.		2,015		139,257
Custom Truck One Source, Inc.*(b)		3,043		22,031
Distribution Solutions Group, Inc.*		254		11,280
DXP Enterprises, Inc.*		782		22,608
GATX Corp.		1,791		195,380
Global Industrial Co.		663		18,650
GMS, Inc.*		2,172		131,862
H&E Equipment Services, Inc.		1,628		90,354
Herc Holdings, Inc.		1,281		183,939
Hudson Technologies, Inc.*		2,200		22,286
Karat Packaging, Inc.		290		4,495
McGrath RentCorp		1,236		127,110
MRC Global, Inc.*		4,234		47,421
NOW, Inc.*		5,626		72,294
Rush Enterprises, Inc., Class A		2,124		120,388
Rush Enterprises, Inc., Class B		335		20,093
Textainer Group Holdings Ltd.		2,216		72,951
Titan Machinery, Inc.*		1,033		47,301
Transcat, Inc.*		363		32,666
Triton International Ltd.		2,972		204,890
Veritiv Corp.		667		101,011
				2,195,196
Water Utilities - 0.4%
American States Water Co.		1,883		168,152

Ultra Russell2000
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Artesian Resources Corp., Class A		419		23,602
California Water Service Group		2,768		158,440
Global Water Resources, Inc.		695		9,174
Middlesex Water Co.		885		67,703
Pure Cycle Corp.*		993		8,768
SJW Group		1,378		105,335
York Water Co. (The)		723		31,436
				572,610
Wireless Telecommunication Services - 0.1%
Gogo, Inc.*		2,523		41,529
KORE Group Holdings, Inc.*(b)		2,148		3,695
Shenandoah Telecommunications Co.		2,470		48,214
Telephone and Data Systems, Inc.		5,145		65,290
United States Cellular Corp.*		749		18,073
				176,801
TOTAL COMMON STOCKS (Cost $146,008,091)				124,188,069

Investments	Number of Rights		Value ($)
RIGHTS - 0.0%(d)
Biotechnology - 0.0%
Aduro Biotech, Inc., CVR*(e)(f)		687		—
Oncternal Therapeutics, Inc., CVR*(e)(f)		42		—
Tobira Therapeutics, Inc., CVR*(e)(f)		756		—
				—
Food Products - 0.0%(d)
Contraf-Nicotex-Tobacco GmbH, CVR*(e)(f)		2,444		1,222
Pharmaceuticals - 0.0%
ANI Pharmaceuticals, Inc., CVR, expiring 12/31/2050*(e)(f)		2		—
TOTAL RIGHTS (Cost $1,635)				1,222

Investments	Shares		Value ($)
SECURITIES LENDING REINVESTMENTS(g) - 1.8%
INVESTMENT COMPANIES - 1.8%
BlackRock Liquidity FedFund, Institutional Class 4.42% (Cost $2,637,961)		2,637,961		2,637,961

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 20.9%
REPURCHASE AGREEMENTS(h) - 20.9%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $30,132,133
(Cost $30,128,393)		30,128,393		30,128,393
Total Investments - 108.7% (Cost $178,776,080)				156,955,645
Liabilities in excess of other assets - (8.7%)				(12,568,232	)
Net Assets - 100.0%				144,387,413

Ultra Russell2000
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $35,904,668.
(b)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $3,433,040, collateralized in the form of cash with a value of $2,637,961 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Portfolio Investments and $966,743 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 6.25%, and maturity dates ranging from March 2, 2023 – May 15, 2052. The total value of collateral is $3,604,704.
(c)	Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.
(d)	Represents less than 0.05% of net assets.
(e)	Security fair valued as of February 28, 2023 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at February 28, 2023 amounted to $1,222, which represents approximately 0.00% of net assets of the Fund.
(f)	Illiquid security.
(g)	The security was purchased with cash collateral held from securities on loan at February 28, 2023. The total value of securities purchased was $2,637,961.
(h)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Abbreviations
CVR	Contingent Value Rights - No defined expiration

Ultra Russell2000
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Purchased  

Ultra Russell2000 had the following open long futures contracts as of February 28, 2023:  

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
Russell 2000 E-Mini Index		60	3/17/2023	USD	$	5,697,300	$	395,020

Swap Agreements

Ultra Russell2000 had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	8,136,190	5/8/2023	Bank of America NA		4.42	%	Russell 2000® Index		(8,987,388	)
	20,772,040	11/6/2023	Barclays Capital		5.07	%	Russell 2000® Index		1,005,402
	8,794,446	5/8/2023	BNP Paribas SA		4.72	%	Russell 2000® Index		(8,998,935	)
	17,844,985	4/10/2023	Citibank NA		4.86	%	Russell 2000® Index		(10,936,498	)
	21,299,404	3/7/2023	Goldman Sachs International		4.97	%	Russell 2000® Index		(13,868,189	)
	11,779,360	3/6/2024	Morgan Stanley & Co. International plc		5.02	%	iShares® Russell 2000 ETF		432,073
	22,437,598	3/6/2024	Morgan Stanley & Co. International plc		5.02	%	Russell 2000® Index		895,357
	45,093,349	3/7/2023	Societe Generale		4.92	%	Russell 2000® Index		(19,933,972	)
	2,786,678	3/7/2023	UBS AG		4.57	%	Russell 2000® Index		(10,901,666	)
	158,944,050								(71,293,816	)
							Total Unrealized Appreciation		2,332,832
							Total Unrealized Depreciation		(73,626,648	)

a	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
b	Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

Ultra S&P500^® 

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 85.3%
Aerospace & Defense - 1.6%
Boeing Co. (The)*		45,990		9,269,284
General Dynamics Corp.		18,493		4,214,740
Howmet Aerospace, Inc.		30,256		1,276,198
Huntington Ingalls Industries, Inc.		3,282		706,286
L3Harris Technologies, Inc.		15,651		3,305,335
Lockheed Martin Corp.		19,171		9,092,038
Northrop Grumman Corp.		11,878		5,512,699
Raytheon Technologies Corp.		120,817		11,850,940
Textron, Inc.		17,172		1,245,485
TransDigm Group, Inc.		4,249		3,160,704
				49,633,709
Air Freight & Logistics - 0.5%
CH Robinson Worldwide, Inc.		9,662		965,813
Expeditors International of Washington, Inc.		13,066		1,366,181
FedEx Corp.		19,663		3,995,915
United Parcel Service, Inc., Class B		59,967		10,943,378
				17,271,287
Airlines - 0.2%
Alaska Air Group, Inc.*		10,418		498,293
American Airlines Group, Inc.*		53,434		853,875
Delta Air Lines, Inc.*		52,690		2,020,135
Southwest Airlines Co.		48,842		1,640,114
United Airlines Holdings, Inc.*		26,883		1,396,841
				6,409,258
Auto Components - 0.1%
Aptiv plc*		22,284		2,591,183
BorgWarner, Inc.		19,235		967,136
				3,558,319
Automobiles - 1.7%
Ford Motor Co.		324,590		3,917,801
General Motors Co.		116,723		4,521,849
Tesla, Inc.*		220,515		45,362,141
				53,801,791
Banks - 3.4%
Bank of America Corp.		573,538		19,672,354
Citigroup, Inc.		159,233		8,071,521
Citizens Financial Group, Inc.		40,482		1,690,528
Comerica, Inc.		10,750		753,575
Fifth Third Bancorp		56,424		2,048,191
First Republic Bank		15,023		1,847,979
Huntington Bancshares, Inc.		118,570		1,816,493
JPMorgan Chase & Co.		241,069		34,557,241
KeyCorp		76,604		1,401,087
M&T Bank Corp.		14,173		2,200,925
PNC Financial Services Group, Inc. (The)		33,138		5,233,153
Regions Financial Corp.		76,805		1,791,093
Signature Bank		5,183		596,304
SVB Financial Group*		4,850		1,397,334
Truist Financial Corp.		109,054		5,120,085
US Bancorp		111,103		5,302,946
Wells Fargo & Co.		313,148		14,645,932
Zions Bancorp NA		12,286		621,917
				108,768,658
Beverages - 1.5%
Brown-Forman Corp., Class B		15,018		974,218
Coca-Cola Co. (The)		319,863		19,035,047
Constellation Brands, Inc., Class A		13,346		2,985,500
Keurig Dr Pepper, Inc.		69,846		2,413,179
Molson Coors Beverage Co., Class B		15,469		822,796
Monster Beverage Corp.*		31,319		3,187,022
PepsiCo, Inc.		113,213		19,645,852
				49,063,614
Biotechnology - 1.9%
AbbVie, Inc.		145,316		22,364,133
Amgen, Inc.		43,785		10,143,233
Biogen, Inc.*		11,822		3,190,285
Gilead Sciences, Inc.		103,080		8,301,032
Incyte Corp.*		15,165		1,167,402
Moderna, Inc.*		27,117		3,764,111
Regeneron Pharmaceuticals, Inc.*		8,853		6,731,998
Vertex Pharmaceuticals, Inc.*		21,080		6,119,313
				61,781,507
Building Products - 0.4%
A O Smith Corp.		10,420		683,865
Allegion plc		7,177		808,920
Carrier Global Corp.		68,737		3,095,227
Johnson Controls International plc		56,586		3,549,074
Masco Corp.		18,524		971,213
Trane Technologies plc		18,936		3,502,592
				12,610,891
Capital Markets - 2.7%
Ameriprise Financial, Inc.		8,751		3,000,455
Bank of New York Mellon Corp. (The)		60,453		3,075,849
BlackRock, Inc.		12,392		8,543,417
Cboe Global Markets, Inc.		8,725		1,100,833
Charles Schwab Corp. (The)		125,359		9,767,973
CME Group, Inc.		29,556		5,478,500
FactSet Research Systems, Inc.		3,139		1,301,273
Franklin Resources, Inc.		23,334		687,653
Goldman Sachs Group, Inc. (The)		27,885		9,805,760
Intercontinental Exchange, Inc.		45,855		4,668,039
Invesco Ltd.		37,370		659,954
MarketAxess Holdings, Inc.		3,098		1,057,812
Moody’s Corp.		12,936		3,753,381
Morgan Stanley		108,298		10,450,757
MSCI, Inc.		6,575		3,433,136
Nasdaq, Inc.		27,844		1,560,935
Northern Trust Corp.		17,142		1,633,118
Raymond James Financial, Inc.		15,961		1,731,130
S&P Global, Inc.		27,361		9,335,573
State Street Corp.		30,197		2,677,870
T. Rowe Price Group, Inc.		18,322		2,057,194
				85,780,612
Chemicals - 1.6%
Air Products and Chemicals, Inc.		18,241		5,216,561
Albemarle Corp.		9,616		2,445,445
Celanese Corp.		8,191		952,040
CF Industries Holdings, Inc.		16,083		1,381,369
Corteva, Inc.		58,705		3,656,734
Dow, Inc.		57,825		3,307,590
DuPont de Nemours, Inc.		40,895		2,986,562
Eastman Chemical Co.		9,868		840,754
Ecolab, Inc.		20,346		3,242,542
FMC Corp.		10,348		1,336,444
International Flavors & Fragrances, Inc.		20,942		1,951,794
Linde plc		40,691		14,175,524

Ultra S&P500^® 

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
LyondellBasell Industries NV, Class A		20,862		2,002,543
Mosaic Co. (The)		28,010		1,489,852
PPG Industries, Inc.		19,262		2,543,740
Sherwin-Williams Co. (The)		19,392		4,292,419
				51,821,913
Commercial Services & Supplies - 0.4%
Cintas Corp.		7,087		3,107,437
Copart, Inc.*		35,217		2,481,390
Republic Services, Inc.		16,882		2,176,596
Rollins, Inc.		19,027		669,750
Waste Management, Inc.		30,692		4,596,434
				13,031,607
Communications Equipment - 0.8%
Arista Networks, Inc.*		20,322		2,818,661
Cisco Systems, Inc.		337,414		16,337,586
F5, Inc.*		4,911		702,175
Juniper Networks, Inc.		26,658		820,533
Motorola Solutions, Inc.		13,718		3,605,228
				24,284,183
Construction & Engineering - 0.1%
Quanta Services, Inc.		11,736		1,894,190
Construction Materials - 0.1%
Martin Marietta Materials, Inc.		5,093		1,832,818
Vulcan Materials Co.		10,931		1,977,527
				3,810,345
Consumer Finance - 0.5%
American Express Co.		49,137		8,549,347
Capital One Financial Corp.		31,387		3,423,694
Discover Financial Services		22,458		2,515,296
Synchrony Financial		37,026		1,322,198
				15,810,535
Containers & Packaging - 0.2%
Amcor plc		122,348		1,362,957
Avery Dennison Corp.		6,656		1,212,656
Ball Corp.		25,805		1,450,499
International Paper Co.		29,213		1,063,061
Packaging Corp. of America		7,597		1,038,662
Sealed Air Corp.		11,879		577,557
Westrock Co.		20,902		656,323
				7,361,715
Distributors - 0.1%
Genuine Parts Co.		11,545		2,041,849
LKQ Corp.		20,850		1,194,496
Pool Corp.		3,213		1,146,591
				4,382,936
Diversified Financial Services - 1.4%
Berkshire Hathaway, Inc., Class B*		148,001		45,166,945
Diversified Telecommunication Services - 0.8%
AT&T, Inc.		585,841		11,078,253
Lumen Technologies, Inc.		78,241		266,020
Verizon Communications, Inc.		345,125		13,394,301
				24,738,574
Electric Utilities - 1.6%
Alliant Energy Corp.		20,673		1,059,905
American Electric Power Co., Inc.		42,222		3,714,269
Constellation Energy Corp.		26,890		2,013,792
Duke Energy Corp.		63,296		5,966,281
Edison International		31,422		2,080,451
Entergy Corp.		16,728		1,720,809
Evergy, Inc.		18,884		1,110,568
Eversource Energy		28,618		2,156,652
Exelon Corp.		81,687		3,299,338
FirstEnergy Corp.		44,610		1,763,879
NextEra Energy, Inc.		163,268		11,596,926
NRG Energy, Inc.		18,942		621,108
PG&E Corp.*		132,293		2,066,417
Pinnacle West Capital Corp.		9,295		684,856
PPL Corp.		60,516		1,638,168
Southern Co. (The)		89,393		5,637,123
Xcel Energy, Inc.		44,923		2,900,678
				50,031,220
Electrical Equipment - 0.5%
AMETEK, Inc.		18,891		2,674,210
Eaton Corp. plc		32,653		5,711,990
Emerson Electric Co.		48,589		4,018,796
Generac Holdings, Inc.*		5,216		625,972
Rockwell Automation, Inc.		9,396		2,771,162
				15,802,130
Electronic Equipment, Instruments & Components - 0.6%
Amphenol Corp., Class A		48,932		3,793,209
CDW Corp.		11,115		2,249,898
Corning, Inc.		62,507		2,122,113
Keysight Technologies, Inc.*		14,743		2,358,290
TE Connectivity Ltd.		26,106		3,323,816
Teledyne Technologies, Inc.*		3,824		1,644,588
Trimble, Inc.*		20,270		1,055,256
Zebra Technologies Corp., Class A*		4,248		1,275,462
				17,822,632
Energy Equipment & Services - 0.4%
Baker Hughes Co.		82,292		2,518,135
Halliburton Co.		74,617		2,703,374
Schlumberger Ltd.		116,513		6,199,657
				11,421,166
Entertainment - 1.2%
Activision Blizzard, Inc.		58,561		4,465,276
Electronic Arts, Inc.		21,518		2,387,207
Live Nation Entertainment, Inc.*(b)		11,731		845,336
Netflix, Inc.*		36,565		11,778,683
Take-Two Interactive Software, Inc.*		12,952		1,418,892
Walt Disney Co. (The)*		149,843		14,925,861
Warner Bros Discovery, Inc.*		181,614		2,836,811
				38,658,066
Equity Real Estate Investment Trusts (REITs) - 2.2%
Alexandria Real Estate Equities, Inc.		12,261		1,836,453
American Tower Corp.		38,295		7,582,793
AvalonBay Communities, Inc.		11,492		1,982,600
Boston Properties, Inc.		11,711		766,836
Camden Property Trust		8,760		1,005,298
Crown Castle, Inc.		35,578		4,651,823
Digital Realty Trust, Inc.		23,613		2,461,183
Equinix, Inc.		7,597		5,228,787
Equity Residential		27,970		1,748,684
Essex Property Trust, Inc.		5,379		1,226,735
Extra Space Storage, Inc.		11,012		1,813,126
Federal Realty Investment Trust		5,999		640,573
Healthpeak Properties, Inc.		44,227		1,064,102
Host Hotels & Resorts, Inc.		58,753		987,050
Invitation Homes, Inc.		47,789		1,493,884
Iron Mountain, Inc.		23,854		1,258,298
Kimco Realty Corp.		50,860		1,048,225

Ultra S&P500^® 

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares	Value ($)
Mid-America Apartment Communities, Inc.	9,478	1,517,428
Prologis, Inc.	75,850	9,359,890
Public Storage	12,981	3,880,670
Realty Income Corp.	51,492	3,292,913
Regency Centers Corp.	12,635	794,741
SBA Communications Corp.	8,929	2,315,736
Simon Property Group, Inc.	26,885	3,282,390
UDR, Inc.	25,127	1,076,441
Ventas, Inc.	32,846	1,597,958
VICI Properties, Inc.	79,164	2,654,369
Welltower, Inc.	38,825	2,877,709
Weyerhaeuser Co.	60,503	1,890,719
		71,337,414
Food & Staples Retailing - 1.3%
Costco Wholesale Corp.	36,368	17,608,658
Kroger Co. (The)	53,539	2,309,672
Sysco Corp.	41,677	3,107,854
Walgreens Boots Alliance, Inc.	58,978	2,095,488
Walmart, Inc.	115,989	16,485,517
		41,607,189
Food Products - 1.0%
Archer-Daniels-Midland Co.	45,203	3,598,159
Campbell Soup Co.	16,492	866,160
Conagra Brands, Inc.	39,415	1,435,100
General Mills, Inc.	48,822	3,881,837
Hershey Co. (The)	12,086	2,880,335
Hormel Foods Corp.	23,756	1,054,291
J M Smucker Co. (The)	8,765	1,296,256
Kellogg Co.	21,023	1,386,257
Kraft Heinz Co. (The)	65,447	2,548,506
Lamb Weston Holdings, Inc.	11,809	1,188,458
McCormick & Co., Inc. (Non-Voting)	20,640	1,533,965
Mondelez International, Inc., Class A	112,214	7,314,108
Tyson Foods, Inc., Class A	23,766	1,407,898
		30,391,330
Gas Utilities - 0.0%(c)
Atmos Energy Corp.	11,492	1,296,413
Health Care Equipment & Supplies - 2.4%
Abbott Laboratories	143,265	14,572,916
Align Technology, Inc.*	5,963	1,845,549
Baxter International, Inc.	41,382	1,653,211
Becton Dickinson and Co.	23,453	5,500,901
Boston Scientific Corp.*	117,688	5,498,383
Cooper Cos., Inc. (The)	4,065	1,329,133
DENTSPLY SIRONA, Inc.	17,651	671,974
Dexcom, Inc.*	31,738	3,523,235
Edwards Lifesciences Corp.*	50,821	4,088,041
GE HealthCare Technologies, Inc.*	30,050	2,283,800
Hologic, Inc.*	20,529	1,634,930
IDEXX Laboratories, Inc.*	6,806	3,220,871
Intuitive Surgical, Inc.*	29,026	6,658,274
Medtronic plc	109,245	9,045,486
ResMed, Inc.	12,047	2,566,011
STERIS plc	8,198	1,541,470
Stryker Corp.	27,720	7,287,034
Teleflex, Inc.	3,827	911,706
Zimmer Biomet Holdings, Inc.	17,205	2,131,183
		75,964,108
Health Care Providers & Services - 2.8%
AmerisourceBergen Corp.	13,316	2,071,437
Cardinal Health, Inc.	21,507	1,628,295
Centene Corp.*	46,586	3,186,482
Cigna Group (The)	25,104	7,332,878
CVS Health Corp.	108,001	9,022,403
DaVita, Inc.*	4,518	371,651
Elevance Health, Inc.	19,619	9,214,456
HCA Healthcare, Inc.	17,415	4,239,682
Henry Schein, Inc.*	11,193	876,524
Humana, Inc.	10,400	5,148,208
Laboratory Corp. of America Holdings	7,271	1,740,387
McKesson Corp.	11,611	4,061,644
Molina Healthcare, Inc.*	4,794	1,319,932
Quest Diagnostics, Inc.	9,334	1,291,452
UnitedHealth Group, Inc.	76,774	36,539,817
Universal Health Services, Inc., Class B	5,266	703,380
		88,748,628
Hotels, Restaurants & Leisure - 1.8%
Booking Holdings, Inc.*	3,192	8,056,608
Caesars Entertainment, Inc.*	17,621	894,442
Carnival Corp.*(b)	82,287	873,888
Chipotle Mexican Grill, Inc.*	2,278	3,396,680
Darden Restaurants, Inc.	10,112	1,445,915
Domino’s Pizza, Inc.	2,920	858,509
Expedia Group, Inc.*	12,429	1,354,388
Hilton Worldwide Holdings, Inc.	22,213	3,210,001
Las Vegas Sands Corp.*	26,990	1,551,115
Marriott International, Inc., Class A	22,105	3,741,050
McDonald’s Corp.	60,138	15,871,020
MGM Resorts International	26,188	1,126,346
Norwegian Cruise Line Holdings Ltd.*	34,647	513,468
Royal Caribbean Cruises Ltd.*	18,038	1,274,204
Starbucks Corp.	94,285	9,625,556
Wynn Resorts Ltd.*	8,464	917,244
Yum! Brands, Inc.	23,137	2,942,101
		57,652,535
Household Durables - 0.3%
DR Horton, Inc.	25,738	2,380,250
Garmin Ltd.	12,598	1,236,242
Lennar Corp., Class A	20,926	2,024,381
Mohawk Industries, Inc.*	4,336	445,958
Newell Brands, Inc.	30,924	454,274
NVR, Inc.*	241	1,246,842
PulteGroup, Inc.	18,714	1,023,094
Whirlpool Corp.	4,477	617,737
		9,428,778
Household Products - 1.2%
Church & Dwight Co., Inc.	20,059	1,680,543
Clorox Co. (The)	10,142	1,576,473
Colgate-Palmolive Co.	68,651	5,032,118
Kimberly-Clark Corp.	27,789	3,475,014
Procter & Gamble Co. (The)	194,748	26,789,535
		38,553,683
Independent Power and Renewable Electricity Producers - 0.0%(c)
AES Corp. (The)	54,899	1,354,907
Industrial Conglomerates - 0.7%
3M Co.	45,473	4,899,261
General Electric Co.	89,825	7,609,076

Ultra S&P500^® 

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Honeywell International, Inc.		55,231	10,575,632
			23,083,969
Insurance - 2.0%
Aflac, Inc.		46,550	3,172,383
Allstate Corp. (The)		21,840	2,812,555
American International Group, Inc.		61,047	3,730,582
Aon plc, Class A		17,048	5,183,445
Arch Capital Group Ltd.*		30,367	2,125,690
Arthur J Gallagher & Co.		17,318	3,244,527
Assurant, Inc.		4,345	553,510
Brown & Brown, Inc.		19,271	1,080,525
Chubb Ltd.		34,105	7,196,837
Cincinnati Financial Corp.		12,906	1,557,754
Everest Re Group Ltd.		3,222	1,237,151
Globe Life, Inc.		7,455	907,199
Hartford Financial Services Group, Inc. (The)		26,105	2,043,499
Lincoln National Corp.		12,632	400,687
Loews Corp.		16,188	988,925
Marsh & McLennan Cos., Inc.		40,821	6,618,717
MetLife, Inc.		54,143	3,883,677
Principal Financial Group, Inc.		18,690	1,673,877
Progressive Corp. (The)		48,037	6,894,270
Prudential Financial, Inc.		30,237	3,023,700
Travelers Cos., Inc. (The)		19,239	3,561,524
W R Berkley Corp.		16,802	1,112,124
Willis Towers Watson plc		8,896	2,084,867
			65,088,025
Interactive Media & Services - 3.7%
Alphabet, Inc., Class A*		490,850	44,205,951
Alphabet, Inc., Class C*		435,084	39,288,085
Match Group, Inc.*		22,998	952,577
Meta Platforms, Inc., Class A*		184,801	32,329,087
			116,775,700
Internet & Direct Marketing Retail - 2.3%
Amazon.com, Inc.*		729,502	68,740,974
eBay, Inc.		44,567	2,045,625
Etsy, Inc.*		10,324	1,253,437
			72,040,036
IT Services - 3.7%
Accenture plc, Class A		51,761	13,745,134
Akamai Technologies, Inc.*		12,913	937,484
Automatic Data Processing, Inc.		34,086	7,492,785
Broadridge Financial Solutions, Inc.		9,657	1,359,512
Cognizant Technology Solutions Corp., Class A		42,228	2,644,740
DXC Technology Co.*		18,917	524,758
EPAM Systems, Inc.*		4,722	1,452,723
Fidelity National Information Services, Inc.		48,811	3,093,153
Fiserv, Inc.*		52,237	6,011,956
FleetCor Technologies, Inc.*		6,036	1,296,472
Gartner, Inc.*		6,550	2,147,155
Global Payments, Inc.		22,219	2,492,972
International Business Machines Corp.		74,254	9,601,042
Jack Henry & Associates, Inc.		5,988	983,469
Mastercard, Inc., Class A		69,773	24,789,649
Paychex, Inc.		26,337	2,907,605
PayPal Holdings, Inc.*		93,690	6,895,584
VeriSign, Inc.*		7,588	1,493,546
Visa, Inc., Class A		134,421	29,564,555
			119,434,294
Leisure Products - 0.0%(c)
Hasbro, Inc.		10,660	586,407
Life Sciences Tools & Services - 1.6%
Agilent Technologies, Inc.		24,319	3,452,568
Bio-Rad Laboratories, Inc., Class A*		1,830	874,447
Bio-Techne Corp.		12,891	936,402
Charles River Laboratories International, Inc.*		4,188	918,596
Danaher Corp.		53,846	13,328,500
Illumina, Inc.*		12,918	2,573,266
IQVIA Holdings, Inc.*		15,253	3,179,793
Mettler-Toledo International, Inc.*		1,841	2,639,460
PerkinElmer, Inc.		10,369	1,291,666
Thermo Fisher Scientific, Inc.		32,206	17,447,923
Waters Corp.*		4,877	1,516,211
West Pharmaceutical Services, Inc.		6,041	1,915,178
			50,074,010
Machinery - 1.6%
Caterpillar, Inc.		42,701	10,229,025
Cummins, Inc.		11,550	2,807,574
Deere & Co.		22,553	9,455,120
Dover Corp.		11,513	1,725,799
Fortive Corp.		29,064	1,937,406
IDEX Corp.		6,187	1,391,951
Illinois Tool Works, Inc.		23,015	5,366,177
Ingersoll Rand, Inc.		33,267	1,931,815
Nordson Corp.		4,422	971,248
Otis Worldwide Corp.		34,227	2,896,289
PACCAR, Inc.		42,863	3,094,709
Parker-Hannifin Corp.		10,507	3,696,888
Pentair plc		13,570	759,106
Snap-on, Inc.		4,371	1,086,980
Stanley Black & Decker, Inc.		12,163	1,041,274
Westinghouse Air Brake Technologies Corp.		14,907	1,555,247
Xylem, Inc.		14,806	1,519,836
			51,466,444
Media - 0.7%
Charter Communications, Inc., Class A*		8,880	3,264,377
Comcast Corp., Class A		354,506	13,176,988
DISH Network Corp., Class A*		20,717	236,381
Fox Corp., Class A		24,826	869,407
Fox Corp., Class B		11,448	369,198
Interpublic Group of Cos., Inc. (The)		31,924	1,134,579
News Corp., Class A		31,418	538,819
News Corp., Class B		9,678	167,042
Omnicom Group, Inc.		16,764	1,518,315
Paramount Global, Class B		41,453	887,923
			22,163,029
Metals & Mining - 0.4%
Freeport-McMoRan, Inc.		117,456	4,812,173
Newmont Corp.		65,261	2,846,032
Nucor Corp.		21,068	3,527,626
Steel Dynamics, Inc.		13,657	1,722,284
			12,908,115
Multiline Retail - 0.4%
Dollar General Corp.		18,528	4,007,606

Ultra S&P500^®
Schedule of Portfolio Investments
February 28, 2023 (Unaudited)

Investments	Shares	Value ($)
Dollar Tree, Inc.*	17,288	2,511,601
Target Corp.	37,815	6,371,828
		12,891,035
Multi-Utilities - 0.7%
Ameren Corp.	21,251	1,757,670
CenterPoint Energy, Inc.	51,686	1,437,905
CMS Energy Corp.	23,822	1,404,783
Consolidated Edison, Inc.	29,171	2,606,429
Dominion Energy, Inc.	68,450	3,807,189
DTE Energy Co.	15,955	1,750,423
NiSource, Inc.	33,352	914,845
Public Service Enterprise Group, Inc.	40,999	2,477,570
Sempra Energy	25,821	3,872,117
WEC Energy Group, Inc.	25,892	2,295,585
		22,324,516
Oil, Gas & Consumable Fuels - 3.7%
APA Corp.	26,467	1,015,804
Chevron Corp.	146,235	23,510,201
ConocoPhillips	102,441	10,587,277
Coterra Energy, Inc.	64,757	1,616,982
Devon Energy Corp.	53,727	2,896,960
Diamondback Energy, Inc.	14,474	2,034,755
EOG Resources, Inc.	48,223	5,450,163
EQT Corp.	30,203	1,002,136
Exxon Mobil Corp.	338,430	37,196,841
Hess Corp.	22,769	3,066,984
Kinder Morgan, Inc.	162,566	2,773,376
Marathon Oil Corp.	52,218	1,313,283
Marathon Petroleum Corp.	38,509	4,759,712
Occidental Petroleum Corp.	59,790	3,501,302
ONEOK, Inc.	36,725	2,403,651
Phillips 66	38,833	3,982,713
Pioneer Natural Resources Co.	19,570	3,922,024
Targa Resources Corp.	18,592	1,377,667
Valero Energy Corp.	31,650	4,169,255
Williams Cos., Inc. (The)	100,089	3,012,679
		119,593,765
Personal Products - 0.1%
Estee Lauder Cos., Inc. (The), Class A	19,011	4,620,624
Pharmaceuticals - 3.6%
Bristol-Myers Squibb Co.	174,733	12,049,588
Catalent, Inc.*	14,841	1,012,453
Eli Lilly & Co.	64,773	20,158,653
Johnson & Johnson	214,875	32,931,743
Merck & Co., Inc.	208,357	22,135,848
Organon & Co.	20,896	511,743
Pfizer, Inc.	461,297	18,714,819
Viatris, Inc.	99,666	1,136,192
Zoetis, Inc.	38,336	6,402,112
		115,053,151
Professional Services - 0.3%
CoStar Group, Inc.*	33,458	2,364,142
Equifax, Inc.	10,117	2,048,996
Jacobs Solutions, Inc.	10,445	1,248,177
Leidos Holdings, Inc.	11,287	1,095,629
Robert Half International, Inc.	8,919	719,050
Verisk Analytics, Inc.	12,842	2,197,395
		9,673,389
Real Estate Management & Development - 0.1%
CBRE Group, Inc., Class A*	25,931	2,207,765
Road & Rail - 0.7%
CSX Corp.	172,709	5,265,897
JB Hunt Transport Services, Inc.	6,807	1,230,638
Norfolk Southern Corp.	19,031	4,278,549
Old Dominion Freight Line, Inc.	7,465	2,532,576
Union Pacific Corp.	50,477	10,462,873
		23,770,533
Semiconductors & Semiconductor Equipment - 5.1%
Advanced Micro Devices, Inc.*	132,499	10,411,733
Analog Devices, Inc.	42,259	7,753,259
Applied Materials, Inc.	70,675	8,208,901
Broadcom, Inc.	33,274	19,774,406
Enphase Energy, Inc.*	11,221	2,362,357
First Solar, Inc.*	8,142	1,377,138
Intel Corp.	339,122	8,454,311
KLA Corp.	11,606	4,403,084
Lam Research Corp.	11,262	5,473,445
Microchip Technology, Inc.	45,258	3,667,256
Micron Technology, Inc.	89,373	5,167,547
Monolithic Power Systems, Inc.	3,659	1,772,017
NVIDIA Corp.	204,590	47,497,614
NXP Semiconductors NV	21,299	3,801,446
ON Semiconductor Corp.*	35,539	2,751,074
Qorvo, Inc.*	8,290	836,378
QUALCOMM, Inc.	92,138	11,381,807
Skyworks Solutions, Inc.	13,195	1,472,166
SolarEdge Technologies, Inc.*	4,593	1,460,207
Teradyne, Inc.	12,760	1,290,546
Texas Instruments, Inc.	74,580	12,786,741
		162,103,433
Software - 7.3%
Adobe, Inc.*	38,205	12,376,510
ANSYS, Inc.*	7,133	2,165,650
Autodesk, Inc.*	17,758	3,528,337
Cadence Design Systems, Inc.*	22,525	4,345,973
Ceridian HCM Holding, Inc.*	12,620	920,377
Fortinet, Inc.*	53,262	3,165,893
Gen Digital, Inc.	47,687	930,373
Intuit, Inc.	23,157	9,429,067
Microsoft Corp.	612,585	152,790,951
Oracle Corp.	126,269	11,035,911
Paycom Software, Inc.*	4,016	1,160,865
PTC, Inc.*	8,694	1,089,619
Roper Technologies, Inc.	8,723	3,752,635
Salesforce, Inc.*	82,185	13,446,288
ServiceNow, Inc.*	16,620	7,182,665
Synopsys, Inc.*	12,563	4,569,917
Tyler Technologies, Inc.*	3,421	1,098,996
		232,990,027
Specialty Retail - 1.9%
Advance Auto Parts, Inc.	4,930	714,653
AutoZone, Inc.*	1,552	3,859,110
Bath & Body Works, Inc.	18,755	766,517
Best Buy Co., Inc.	16,455	1,367,575
CarMax, Inc.*	12,977	895,932
Home Depot, Inc. (The)	84,151	24,954,137
Lowe’s Cos., Inc.	51,065	10,506,624
O’Reilly Automotive, Inc.*	5,163	4,285,806
Ross Stores, Inc.	28,504	3,150,832
TJX Cos., Inc. (The)	95,365	7,304,959

Ultra S&P500^® 

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares	Value ($)
Tractor Supply Co.	9,076	2,117,068
Ulta Beauty, Inc.*	4,216	2,187,261
		62,110,474
Technology Hardware, Storage & Peripherals - 5.9%
Apple, Inc.	1,228,522	181,096,428
Hewlett Packard Enterprise Co.	105,745	1,650,679
HP, Inc.	72,770	2,148,170
NetApp, Inc.	17,868	1,153,379
Seagate Technology Holdings plc	15,767	1,017,918
Western Digital Corp.*	26,070	1,003,174
		188,069,748
Textiles, Apparel & Luxury Goods - 0.4%
NIKE, Inc., Class B	103,524	12,297,616
Ralph Lauren Corp.	3,377	399,128
Tapestry, Inc.	19,798	861,411
VF Corp.	27,120	673,118
		14,231,273
Tobacco - 0.6%
Altria Group, Inc.	147,297	6,839,000
Philip Morris International, Inc.	127,368	12,392,906
		19,231,906
Trading Companies & Distributors - 0.2%
Fastenal Co.	47,023	2,424,506
United Rentals, Inc.	5,694	2,667,810
WW Grainger, Inc.	3,691	2,467,175
		7,559,491
Water Utilities - 0.1%
American Water Works Co., Inc.	14,904	2,092,223
Wireless Telecommunication Services - 0.2%
T-Mobile US, Inc.*	49,087	6,979,190
TOTAL COMMON STOCKS
(Cost $3,242,592,502)		2,730,175,360

Investments	Principal Amount ($)	Value ($)
SHORT-TERM INVESTMENTS - 36.3%
REPURCHASE AGREEMENTS(d) - 10.7%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $341,558,735
(Cost $341,516,342)	341,516,342	341,516,342
U.S. TREASURY OBLIGATIONS - 25.6%
U.S. Treasury Bills
4.07%, 3/7/2023(e)	100,000,000	99,926,496
4.14%, 3/9/2023(e)	50,000,000	49,950,181
4.19%, 3/14/2023(e)	50,000,000	49,919,081
4.25%, 3/16/2023(e)	100,000,000	99,813,229
4.40%, 3/21/2023(e)	50,000,000	49,875,410
3.84%, 3/23/2023(e)	250,000,000	249,339,427
4.15%, 4/6/2023(e)	75,000,000	74,668,950
4.34%, 5/18/2023(e)	75,000,000	74,243,156
4.82%, 6/13/2023(e)	25,000,000	24,656,583
4.58%, 6/15/2023(e)	25,000,000	24,655,481
4.90%, 6/27/2023(e)	25,000,000	24,605,233
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $821,875,029)		821,653,227
TOTAL SHORT-TERM INVESTMENTS
(Cost $1,163,391,371)		1,163,169,569
Total Investments - 121.6%
(Cost $4,405,983,873)		3,893,344,929
Liabilities in excess of other assets - (21.6%)		(690,764,425	)
Net Assets - 100.0%		3,202,580,504

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $1,819,167,708.
(b)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $357,380, collateralized in the form of U.S. Government Treasury Securities, interest rates ranging from 0.13% – 4.75%, and maturity dates ranging from March 15, 2023 – February 15, 2052. The total value of collateral is $366,137.
(c)	Represents less than 0.05% of net assets.
(d)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(e)	The rate shown was the current yield as of February 28, 2023.

Ultra S&P500^® 

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Purchased

Ultra S&P500^® had the following open long futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
S&P 500 E-Mini Index		1,316	3/17/2023	USD	$	261,587,900	$	3,912,827

Swap Agreements

Ultra S&P500^® had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b		Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	265,392,617	5/8/2023	Bank of America NA	4.92	%	S&P 500®	(62,237,077	)
	561,339,508	5/8/2023	BNP Paribas SA	5.17	%	S&P 500®	(177,882,214	)
	390,098,999	4/10/2023	Citibank NA	5.23	%	S&P 500®	(100,950,216	)
	465,416,714	4/8/2024	Goldman Sachs International	5.17	%	S&P 500®	9,173,211
	524,685,791	3/7/2023	Goldman Sachs International	5.08	%	SPDR® S&P 500® ETF Trust	(150,777,161	)
	388,526,819	5/8/2023	J.P. Morgan Securities	4.97	%	S&P 500®	(101,409,353	)
	232,253,775	4/10/2023	Morgan Stanley & Co. International plc	5.12	%	S&P 500®	(47,199,722	)
	373,606,996	11/6/2023	Societe Generale	5.07	%	S&P 500®	(58,294,461	)
	212,585,652	3/7/2023	UBS AG	5.07	%	S&P 500®	(124,764,193	)
	3,413,906,871						(814,341,186	)
						Total Unrealized Appreciation	9,173,211
						Total Unrealized Depreciation	(823,514,397	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations 

USD U.S. Dollar

Ultra Semiconductors 

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares	Value ($)
COMMON STOCKS(a) - 72.4%
Semiconductors & Semiconductor Equipment - 72.4%
Advanced Micro Devices, Inc.*	97,549	7,665,400
Allegro MicroSystems, Inc.*	3,932	171,750
Amkor Technology, Inc.	6,079	156,595
Analog Devices, Inc.	31,111	5,707,935
Applied Materials, Inc.	52,077	6,048,744
Broadcom, Inc.	24,498	14,558,916
Cirrus Logic, Inc.*	3,332	342,363
Enphase Energy, Inc.*	8,221	1,730,767
Entegris, Inc.	9,017	768,519
GLOBALFOUNDRIES, Inc.*(b)	4,248	277,564
Intel Corp.	249,817	6,227,938
KLA Corp.	8,579	3,254,701
Lam Research Corp.	8,248	4,008,610
Lattice Semiconductor Corp.*	8,292	704,488
Marvell Technology, Inc.	51,569	2,328,340
Microchip Technology, Inc.	33,270	2,695,868
Micron Technology, Inc.	65,800	3,804,556
MKS Instruments, Inc.	3,469	336,250
Monolithic Power Systems, Inc.	2,701	1,308,067
NVIDIA Corp.	150,623	34,968,636
NXP Semiconductors NV	15,697	2,801,601
ON Semiconductor Corp.*	26,156	2,024,736
Power Integrations, Inc.	3,458	284,421
Qorvo, Inc.*	6,134	618,859
QUALCOMM, Inc.	67,804	8,375,828
Semtech Corp.*	3,843	118,403
Silicon Laboratories, Inc.*	2,009	358,667
Skyworks Solutions, Inc.	9,707	1,083,010
SolarEdge Technologies, Inc.*	3,383	1,075,523
Teradyne, Inc.	9,425	953,245
Texas Instruments, Inc.	54,889	9,410,719
Universal Display Corp.	2,635	357,965
Wolfspeed, Inc.*	7,513	555,812
TOTAL COMMON STOCKS
(Cost $133,590,137)		125,084,796
SECURITIES LENDING REINVESTMENTS(c) - 0.1%
INVESTMENT COMPANIES - 0.1%
BlackRock Liquidity FedFund, Institutional Class 4.42% (Cost $242,873)	242,873	242,873

Investments	Principal Amount ($)	Value ($)
SHORT-TERM INVESTMENTS - 20.8%
REPURCHASE AGREEMENTS(d) - 20.8%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $35,907,663
(Cost $35,903,208)	35,903,208	35,903,208
Total Investments - 93.3%
(Cost $169,736,218)		161,230,877
Other assets less liabilities - 6.7%		11,581,913
Net Assets - 100.0%		172,812,790

Ultra Semiconductors

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $10,857,336.
(b)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $239,536, collateralized in the form of cash with a value of $242,873 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Portfolio Investments.
(c)	The security was purchased with cash collateral held from securities on loan at February 28, 2023. The total value of securities purchased was $242,873.
(d)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

Ultra Semiconductors had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)	Termination Datea	Counterparty	Rate Paid (Received)b		Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
105,651,426	5/8/2023	Bank of America NA	4.97	%	Dow Jones U.S. SemiconductorsSM Indexc	(3,035,174	)
20,435,015	11/6/2023	BNP Paribas SA	5.07	%	Dow Jones U.S. SemiconductorsSM Indexc	(4,197,549	)
6,480,255	4/8/2024	Goldman Sachs International	5.17	%	Dow Jones U.S. SemiconductorsSM Indexc	1,253,504
16,183,009	11/6/2023	J.P. Morgan Securities	5.02	%	Dow Jones U.S. SemiconductorsSM Indexc	(3,008,369	)
11,162,398	3/6/2024	Morgan Stanley & Co. International plc	5.17	%	Dow Jones U.S. SemiconductorsSM Indexc	5,692,451
50,713,813	4/10/2023	Societe Generale	5.22	%	Dow Jones U.S. SemiconductorsSM Indexc	1,652,309
10,788,672	3/7/2023	UBS AG	4.92	%	Dow Jones U.S. SemiconductorsSM Indexc	(90,334,585	)
221,414,588						(91,977,413	)
					Total Unrealized Appreciation	8,598,264
					Total Unrealized Depreciation	(100,575,677	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

^c  See the Common Stocks section of the preceding Schedule of Portfolio Investments for the representative components of the underlying reference instrument and their relative weightings.

Ultra SmallCap600  
Schedule of Portfolio Investments  

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 83.0%
Aerospace & Defense - 1.2%
AAR Corp.*		979	53,248
Aerojet Rocketdyne Holdings, Inc.*		2,224	125,300
AeroVironment, Inc.*		735	63,019
Kaman Corp.		824	21,424
Moog, Inc., Class A		850	83,827
National Presto Industries, Inc.		149	10,226
Park Aerospace Corp.		572	9,392
Triumph Group, Inc.*		1,912	24,129
			390,565
Air Freight & Logistics - 0.7%
Atlas Air Worldwide Holdings, Inc.*		757	76,313
Forward Air Corp.		782	80,710
Hub Group, Inc., Class A*		960	88,061
			245,084
Airlines - 0.3%
Allegiant Travel Co.*		460	47,173
Hawaiian Holdings, Inc.*		1,512	16,934
SkyWest, Inc.*		1,487	28,357
Sun Country Airlines Holdings, Inc.*		957	19,188
			111,652
Auto Components - 1.1%
American Axle & Manufacturing Holdings, Inc.*		3,369	29,647
Dorman Products, Inc.*		831	77,308
Gentherm, Inc.*		976	61,986
LCI Industries		746	84,156
Motorcar Parts of America, Inc.*		573	7,501
Patrick Industries, Inc.		634	46,187
Standard Motor Products, Inc.		554	21,589
XPEL, Inc.*(b)		576	38,483
			366,857
Automobiles - 0.2%
Winnebago Industries, Inc.		897	57,013
Banks - 8.1%
Ameris Bancorp		1,916	91,719
Banc of California, Inc.		1,647	28,905
BancFirst Corp.		512	46,208
Bancorp, Inc. (The)*		1,648	57,004
BankUnited, Inc.		2,272	80,474
Banner Corp.		1,004	63,232
Berkshire Hills Bancorp, Inc.		1,322	38,417
Brookline Bancorp, Inc.		2,586	33,515
Central Pacific Financial Corp.		800	17,944
City Holding Co.		437	42,913
Community Bank System, Inc.		1,578	96,337
Customers Bancorp, Inc.*		897	27,628
CVB Financial Corp.(c)		3,864	92,466
Dime Community Bancshares, Inc.		952	29,169
Eagle Bancorp, Inc.		938	41,094
FB Financial Corp.		1,037	39,085
First Bancorp		5,428	78,760
First Bancorp		1,050	43,565
First Commonwealth Financial Corp.		2,746	43,964
First Financial Bancorp		2,786	68,647
First Hawaiian, Inc.		3,751	102,590
Hanmi Financial Corp.		895	21,140
Heritage Financial Corp.		1,034	28,818
Hilltop Holdings, Inc.		1,348	44,713
HomeStreet, Inc.		523	13,195
Hope Bancorp, Inc.		3,511	44,976
Independent Bank Corp.		1,342	106,931
Independent Bank Group, Inc.		1,043	61,391
Lakeland Financial Corp.		744	53,285
National Bank Holdings Corp., Class A		1,107	44,822
NBT Bancorp, Inc.		1,258	51,062
Northwest Bancshares, Inc.		3,734	51,604
OFG Bancorp		1,400	42,588
Pacific Premier Bancorp, Inc.		2,793	90,549
Park National Corp.		427	54,558
Pathward Financial, Inc.		845	43,103
Preferred Bank		388	27,315
Renasant Corp.		1,647	59,259
S&T Bancorp, Inc.		1,147	42,737
Seacoast Banking Corp. of Florida		2,419	73,804
ServisFirst Bancshares, Inc.		1,437	106,266
Simmons First National Corp., Class A		3,733	82,985
Southside Bancshares, Inc.		896	34,218
Stellar Bancorp, Inc.		1,304	38,142
Tompkins Financial Corp.		370	27,672
Triumph Financial, Inc.*(c)		678	41,256
Trustmark Corp.		1,792	52,685
United Community Banks, Inc.		3,122	103,369
Veritex Holdings, Inc.		1,586	42,283
Westamerica Bancorp		794	43,765
			2,692,127
Beverages - 0.2%
MGP Ingredients, Inc.		453	45,952
National Beverage Corp.*		686	32,002
			77,954
Biotechnology - 2.0%
Anika Therapeutics, Inc.*		431	13,663
Arcus Biosciences, Inc.*		1,534	27,934
Avid Bioservices, Inc.*(c)		1,827	30,072
Catalyst Pharmaceuticals, Inc.*		2,813	42,926
Coherus Biosciences, Inc.*		1,901	12,870
Cytokinetics, Inc.*		2,781	120,584
Dynavax Technologies Corp.*		3,490	35,947
Eagle Pharmaceuticals, Inc.*		308	8,624
Emergent BioSolutions, Inc.*		1,305	16,156
Enanta Pharmaceuticals, Inc.*		573	27,791
Ironwood Pharmaceuticals, Inc.*		3,922	44,201
iTeos Therapeutics, Inc.*		722	12,787
Myriad Genetics, Inc.*		2,383	45,086
Organogenesis Holdings, Inc.*		2,080	5,096
REGENXBIO, Inc.*		1,106	24,608
uniQure NV*		1,211	25,383
Vanda Pharmaceuticals, Inc.*		1,664	10,716
Vericel Corp.*		1,388	42,209
Vir Biotechnology, Inc.*		2,230	50,844
Xencor, Inc.*		1,763	56,645
			654,142
Building Products - 1.5%
AAON, Inc.		1,235	112,336
American Woodmark Corp.*		488	24,878
Apogee Enterprises, Inc.		651	29,790
AZZ, Inc.		731	29,715

Ultra SmallCap600  
Schedule of Portfolio Investments  

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Gibraltar Industries, Inc.*		911	48,656
Griffon Corp.		1,394	50,839
Insteel Industries, Inc.		573	17,047
Masterbrand, Inc.*		3,800	37,012
PGT Innovations, Inc.*		1,765	37,330
Quanex Building Products Corp.		974	25,275
Resideo Technologies, Inc.*		4,286	78,605
			491,483
Capital Markets - 0.9%
Avantax, Inc.*		1,159	33,136
B Riley Financial, Inc.(c)		470	18,697
Brightsphere Investment Group, Inc.		949	23,791
Donnelley Financial Solutions, Inc.*		736	31,140
Piper Sandler Cos.		415	62,661
StoneX Group, Inc.*		506	51,020
Virtus Investment Partners, Inc.		200	42,086
WisdomTree, Inc.		3,273	19,540
			282,071
Chemicals - 2.5%
AdvanSix, Inc.		810	33,332
American Vanguard Corp.		816	17,030
Balchem Corp.		945	122,850
FutureFuel Corp.		759	6,641
Hawkins, Inc.		555	22,572
HB Fuller Co.		1,567	109,314
Innospec, Inc.		728	79,687
Koppers Holdings, Inc.		614	22,036
Livent Corp.*		5,274	123,675
Mativ Holdings, Inc.		1,614	41,819
Minerals Technologies, Inc.		954	57,956
Quaker Chemical Corp.		400	78,312
Rayonier Advanced Materials, Inc.*		1,882	15,432
Stepan Co.		621	64,640
Trinseo plc		1,030	23,875
			819,171
Commercial Services & Supplies - 1.9%
ABM Industries, Inc.		1,943	94,061
Brady Corp., Class A		1,362	75,128
CoreCivic, Inc., REIT*		3,381	32,829
Deluxe Corp.		1,267	23,363
GEO Group, Inc. (The)*		3,648	31,956
Harsco Corp.*		2,337	19,771
Healthcare Services Group, Inc.		2,177	28,889
HNI Corp.		1,216	38,000
Interface, Inc.		1,710	15,082
KAR Auction Services, Inc.*		3,199	45,714
Liquidity Services, Inc.*		797	10,090
Matthews International Corp., Class A		899	34,306
MillerKnoll, Inc.		2,221	53,015
Pitney Bowes, Inc.		4,759	20,654
UniFirst Corp.		443	86,886
Viad Corp.*		608	15,632
			625,376
Communications Equipment - 1.1%
ADTRAN Holdings, Inc.		2,076	36,226
Clearfield, Inc.*		335	21,001
Comtech Telecommunications Corp.		813	13,000
Digi International, Inc.*		1,039	34,671
Extreme Networks, Inc.*		3,862	72,297
Harmonic, Inc.*		3,100	40,889
NETGEAR, Inc.*		848	15,349
NetScout Systems, Inc.*		2,019	57,420
Viavi Solutions, Inc.*		6,655	72,806
			363,659
Construction & Engineering - 1.1%
Arcosa, Inc.		1,420	86,052
Comfort Systems USA, Inc.		1,051	152,858
Granite Construction, Inc.(c)		1,287	55,598
MYR Group, Inc.*		487	58,737
			353,245
Consumer Finance - 0.9%
Bread Financial Holdings, Inc.		1,464	60,126
Encore Capital Group, Inc.*		687	35,504
Enova International, Inc.*		925	45,094
EZCORP, Inc., Class A*(c)		1,579	13,927
Green Dot Corp., Class A*		1,375	26,029
LendingTree, Inc.*		319	10,505
PRA Group, Inc.*		1,147	48,816
PROG Holdings, Inc.*		1,471	36,363
World Acceptance Corp.*		97	9,056
			285,420
Containers & Packaging - 0.4%
Myers Industries, Inc.		1,072	27,701
O-I Glass, Inc.*		4,560	101,323
			129,024
Diversified Consumer Services - 0.8%
Adtalem Global Education, Inc.*		1,334	52,186
Frontdoor, Inc.*		2,396	67,687
Mister Car Wash, Inc.*		2,329	21,497
Perdoceo Education Corp.*		1,973	27,198
Strategic Education, Inc.		653	55,668
Stride, Inc.*		1,201	51,006
WW International, Inc.*		1,578	5,776
			281,018
Diversified Telecommunication Services - 0.3%
ATN International, Inc.		315	13,246
Cogent Communications Holdings, Inc.		1,255	81,249
Consolidated Communications Holdings, Inc.*		2,172	6,581
			101,076
Electric Utilities - 0.3%
Otter Tail Corp.		1,223	86,698
Electrical Equipment - 0.4%
Encore Wire Corp.		539	104,032
Powell Industries, Inc.		267	11,842
			115,874
Electronic Equipment, Instruments & Components - 3.5%
Advanced Energy Industries, Inc.		1,099	102,295
Arlo Technologies, Inc.*		2,605	9,899
Badger Meter, Inc.		860	104,593
Benchmark Electronics, Inc.		1,036	24,646
CTS Corp.		937	40,581
ePlus, Inc.*		794	43,011
Fabrinet*		1,074	130,888
FARO Technologies, Inc.*		554	15,069
Insight Enterprises, Inc.*		892	119,457
Itron, Inc.*		1,327	74,007
Knowles Corp.*		2,673	45,388
Methode Electronics, Inc.		1,074	52,336

Ultra SmallCap600  
Schedule of Portfolio Investments  

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
OSI Systems, Inc.*		461	42,666
PC Connection, Inc.		332	14,542
Plexus Corp.*		813	77,959
Rogers Corp.*		555	81,696
Sanmina Corp.*		1,687	101,996
ScanSource, Inc.*		741	23,104
TTM Technologies, Inc.*		3,005	39,936
			1,144,069
Energy Equipment & Services - 1.8%
Archrock, Inc.		3,936	43,571
Bristow Group, Inc.*		691	18,823
Core Laboratories NV		1,362	32,511
DMC Global, Inc.*		547	14,643
Dril-Quip, Inc.*		996	34,113
Helix Energy Solutions Group, Inc.*		4,197	34,751
Helmerich & Payne, Inc.		3,096	130,280
Nabors Industries Ltd.*		263	39,532
Oceaneering International, Inc.*		2,945	61,521
Oil States International, Inc.*(c)		1,880	17,164
Patterson-UTI Energy, Inc.		6,373	87,310
ProPetro Holding Corp.*		2,828	24,915
RPC, Inc.		2,445	21,443
US Silica Holdings, Inc.*		2,224	26,999
			587,576
Entertainment - 0.2%
Cinemark Holdings, Inc.*		3,149	42,858
Marcus Corp. (The)		717	11,536
			54,394
Equity Real Estate Investment Trusts (REITs) - 5.3%
Acadia Realty Trust		2,790	40,650
Alexander & Baldwin, Inc.		2,133	39,823
American Assets Trust, Inc.		1,533	38,678
Armada Hoffler Properties, Inc.		1,991	25,525
Brandywine Realty Trust		5,045	29,715
CareTrust REIT, Inc.		2,853	56,118
Centerspace		443	27,736
Chatham Lodging Trust		1,435	17,521
Community Healthcare Trust, Inc.		691	26,769
DiamondRock Hospitality Co.		6,155	53,672
Easterly Government Properties, Inc.		2,668	40,287
Elme Communities		2,573	47,884
Essential Properties Realty Trust, Inc.		4,186	107,831
Four Corners Property Trust, Inc.		2,465	66,925
Franklin Street Properties Corp.		2,703	6,541
Getty Realty Corp.		1,250	42,912
Global Net Lease, Inc.		3,050	43,066
Hersha Hospitality Trust, Class A		968	8,092
Hudson Pacific Properties, Inc.		3,774	34,834
Industrial Logistics Properties Trust		1,927	7,901
Innovative Industrial Properties, Inc.		821	72,585
iStar, Inc.		2,548	19,620
LTC Properties, Inc.		1,191	42,662
LXP Industrial Trust		8,105	84,535
NexPoint Residential Trust, Inc.		675	32,690
Office Properties Income Trust		1,427	23,460
Orion Office REIT, Inc.		1,665	14,252
Outfront Media, Inc.		4,295	74,948
Retail Opportunity Investments Corp.		3,660	52,082
RPT Realty		2,508	26,886
Safehold, Inc.		712	21,275
Saul Centers, Inc.		380	14,942
Service Properties Trust		4,862	53,385
SITE Centers Corp.		5,438	72,706
Summit Hotel Properties, Inc.		3,142	23,251
Sunstone Hotel Investors, Inc.		6,188	65,407
Tanger Factory Outlet Centers, Inc.		3,066	57,917
Uniti Group, Inc.		6,974	38,287
Universal Health Realty Income Trust		374	19,829
Urban Edge Properties		3,452	53,161
Urstadt Biddle Properties, Inc., Class A		878	15,189
Veris Residential, Inc.*		2,328	37,574
Whitestone REIT		1,365	12,899
Xenia Hotels & Resorts, Inc.		3,348	47,006
			1,739,028
Food & Staples Retailing - 0.7%
Andersons, Inc. (The)		916	41,797
Chefs’ Warehouse, Inc. (The)*		1,000	32,550
PriceSmart, Inc.		736	51,314
SpartanNash Co.		1,039	27,804
United Natural Foods, Inc.*		1,713	69,770
			223,235
Food Products - 1.7%
B&G Foods, Inc.(c)		2,107	26,696
Calavo Growers, Inc.		521	16,813
Cal-Maine Foods, Inc.		1,116	63,389
Fresh Del Monte Produce, Inc.(c)		899	28,121
Hain Celestial Group, Inc. (The)*		2,626	46,821
Hostess Brands, Inc.*		3,937	97,244
J & J Snack Foods Corp.		440	62,132
John B Sanfilippo & Son, Inc.		262	23,520
Seneca Foods Corp., Class A*		156	8,673
Simply Good Foods Co. (The)*		2,473	94,691
Tootsie Roll Industries, Inc.		521	22,940
TreeHouse Foods, Inc.*		1,484	72,404
			563,444
Gas Utilities - 0.4%
Chesapeake Utilities Corp.		521	66,735
Northwest Natural Holding Co.		1,034	49,983
			116,718
Health Care Equipment & Supplies - 2.2%
AngioDynamics, Inc.*		1,152	14,262
Artivion, Inc.*		1,185	15,689
Avanos Medical, Inc.*		1,366	38,344
Cardiovascular Systems, Inc.*		1,231	24,263
CONMED Corp.		895	86,090
Cutera, Inc.*		525	17,026
Embecta Corp.		1,700	54,315
Glaukos Corp.*		1,405	66,358
Heska Corp.*		298	24,266
Inogen, Inc.*		676	10,593
Integer Holdings Corp.*		974	73,030
LeMaitre Vascular, Inc.		569	28,512
Merit Medical Systems, Inc.*		1,672	118,010
Mesa Laboratories, Inc.		147	25,948
NuVasive, Inc.*		1,534	66,315
OraSure Technologies, Inc.*		2,138	13,491
Orthofix Medical, Inc.*		991	20,415
Surmodics, Inc.*		412	8,998
Varex Imaging Corp.*		1,172	20,733

Ultra SmallCap600  
Schedule of Portfolio Investments  

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Zimvie, Inc.*		614	6,987
Zynex, Inc.*(c)		639	8,256
			741,901
Health Care Providers & Services - 2.7%
AdaptHealth Corp.*		2,259	36,122
Addus HomeCare Corp.*		474	51,495
Agiliti, Inc.*		979	18,660
AMN Healthcare Services, Inc.*		1,276	114,853
Apollo Medical Holdings, Inc.*		1,168	40,763
Community Health Systems, Inc.*		3,684	22,325
CorVel Corp.*		269	48,495
Cross Country Healthcare, Inc.*		1,043	27,587
Enhabit, Inc.*		1,457	22,365
Ensign Group, Inc. (The)		1,631	145,942
Fulgent Genetics, Inc.*		580	19,018
ModivCare, Inc.*		375	36,821
NeoGenomics, Inc.*		3,713	62,564
Owens & Minor, Inc.*		2,243	34,385
Pediatrix Medical Group, Inc.*		2,408	37,902
Pennant Group, Inc. (The)*		829	12,452
RadNet, Inc.*		1,432	33,774
Select Medical Holdings Corp.		3,060	83,202
US Physical Therapy, Inc.		383	38,809
			887,534
Health Care Technology - 0.4%
Computer Programs and Systems, Inc.*		418	12,544
HealthStream, Inc.*		710	18,212
NextGen Healthcare, Inc.*		1,610	29,157
OptimizeRx Corp.*		504	8,996
Simulations Plus, Inc.		471	17,917
Veradigm, Inc.*		3,213	53,368
			140,194
Hotels, Restaurants & Leisure - 1.6%
BJ’s Restaurants, Inc.*		688	22,016
Bloomin’ Brands, Inc.		2,581	67,364
Brinker International, Inc.*		1,294	49,172
Cheesecake Factory, Inc. (The)		1,408	52,715
Chuy’s Holdings, Inc.*		529	18,912
Dave & Buster’s Entertainment, Inc.*		1,234	49,385
Dine Brands Global, Inc.		461	35,345
El Pollo Loco Holdings, Inc.		577	6,907
Golden Entertainment, Inc.*		644	26,475
Jack in the Box, Inc.		619	48,529
Monarch Casino & Resort, Inc.		389	28,638
Ruth’s Hospitality Group, Inc.		892	16,636
Shake Shack, Inc., Class A*		1,097	61,202
Six Flags Entertainment Corp.*		2,173	57,367
			540,663
Household Durables - 2.3%
Cavco Industries, Inc.*		244	69,540
Century Communities, Inc.		831	49,702
Ethan Allen Interiors, Inc.		673	19,887
Green Brick Partners, Inc.*		800	24,960
Installed Building Products, Inc.		689	79,497
iRobot Corp.*		800	32,872
La-Z-Boy, Inc.		1,264	40,928
LGI Homes, Inc.*		602	62,795
M/I Homes, Inc.*		807	46,677
MDC Holdings, Inc.		1,675	61,975
Meritage Homes Corp.*		1,074	117,313
Sonos, Inc.*		3,741	72,688
Tri Pointe Homes, Inc.*		2,967	70,733
Universal Electronics, Inc.*		354	4,503
			754,070
Household Products - 0.4%
Central Garden & Pet Co.*		286	11,583
Central Garden & Pet Co., Class A*		1,218	46,808
WD-40 Co.		398	69,025
			127,416
Insurance - 2.2%
Ambac Financial Group, Inc.*		1,321	21,863
American Equity Investment Life Holding Co.		2,040	84,966
AMERISAFE, Inc.		562	30,651
Assured Guaranty Ltd.		1,764	110,091
Employers Holdings, Inc.		801	35,572
Genworth Financial, Inc., Class A*		14,592	90,908
HCI Group, Inc.		203	10,657
Horace Mann Educators Corp.		1,201	44,389
James River Group Holdings Ltd.		1,100	26,510
Mercury General Corp.		781	26,593
Palomar Holdings, Inc.*		741	44,460
ProAssurance Corp.		1,584	31,506
Safety Insurance Group, Inc.		433	34,939
SiriusPoint Ltd.*		2,500	17,750
Stewart Information Services Corp.		799	33,950
Trupanion, Inc.*(c)		1,036	61,518
United Fire Group, Inc.		638	18,209
Universal Insurance Holdings, Inc.		807	15,599
			740,131
Interactive Media & Services - 0.5%
Cars.com, Inc.*		1,821	34,963
QuinStreet, Inc.*		1,482	25,150
Shutterstock, Inc.		705	53,030
Yelp, Inc.*		2,049	61,511
			174,654
Internet & Direct Marketing Retail - 0.0%(d)
PetMed Express, Inc.		620	11,644
IT Services - 1.1%
CSG Systems International, Inc.		892	50,130
EVERTEC, Inc.		1,917	70,565
Payoneer Global, Inc.*		5,875	34,075
Perficient, Inc.*		1,018	72,075
Sabre Corp.*		9,655	48,854
TTEC Holdings, Inc.		554	22,304
Unisys Corp.*		1,995	9,935
Verra Mobility Corp.*		4,093	70,522
			378,460
Leisure Products - 0.2%
Sturm Ruger & Co., Inc.		519	30,242
Vista Outdoor, Inc.*		1,662	47,467
			77,709
Life Sciences Tools & Services - 0.1%
BioLife Solutions, Inc.*		1,005	23,376
Machinery - 4.2%
3D Systems Corp.*(c)		3,857	37,760
Alamo Group, Inc.		303	55,264
Albany International Corp., Class A		915	92,342
Astec Industries, Inc.		670	30,170
Barnes Group, Inc.		1,486	62,620
CIRCOR International, Inc.*		599	17,533
Enerpac Tool Group Corp.		1,671	45,000

Ultra SmallCap600  
Schedule of Portfolio Investments  

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
EnPro Industries, Inc.		611	65,683
ESCO Technologies, Inc.		760	70,824
Federal Signal Corp.		1,783	94,089
Franklin Electric Co., Inc.		1,144	109,332
Greenbrier Cos., Inc. (The)		964	30,954
Hillenbrand, Inc.		2,041	96,213
John Bean Technologies Corp.		936	103,793
Lindsay Corp.		323	48,608
Mueller Industries, Inc.		1,671	123,604
Proto Labs, Inc.*		799	25,121
SPX Technologies, Inc.*		1,327	93,474
Standex International Corp.		352	40,719
Tennant Co.		549	38,880
Titan International, Inc.*		1,496	18,565
Trinity Industries, Inc.		2,394	66,817
Wabash National Corp.		1,410	38,634
			1,405,999
Marine - 0.2%
Matson, Inc.		1,110	73,826
Media - 0.4%
AMC Networks, Inc., Class A*		824	18,425
EW Scripps Co. (The), Class A*		1,704	21,504
Gannett Co., Inc.*		4,297	13,020
Scholastic Corp.		874	39,863
TechTarget, Inc.*		795	29,995
Thryv Holdings, Inc.*		901	21,480
			144,287
Metals & Mining - 1.8%
Arconic Corp.*		2,985	78,923
ATI, Inc.*(c)		3,803	154,592
Carpenter Technology Corp.		1,423	68,774
Century Aluminum Co.*		1,504	18,153
Compass Minerals International, Inc.		999	38,491
Haynes International, Inc.		366	20,024
Kaiser Aluminum Corp.		469	37,201
Materion Corp.		603	67,343
Olympic Steel, Inc.		281	14,752
SunCoke Energy, Inc.		2,452	23,319
TimkenSteel Corp.*		1,164	21,290
Tredegar Corp.		740	8,599
Warrior Met Coal, Inc.		1,519	58,132
			609,593
Mortgage Real Estate Investment Trusts (REITs) - 1.0%
Apollo Commercial Real Estate Finance, Inc.		3,801	43,673
ARMOUR Residential REIT, Inc.		3,884	21,090
Ellington Financial, Inc.		1,688	21,725
Franklin BSP Realty Trust, Inc.		2,424	33,960
Granite Point Mortgage Trust, Inc.		1,540	9,225
Invesco Mortgage Capital, Inc.		1,041	13,044
KKR Real Estate Finance Trust, Inc.		1,685	24,433
New York Mortgage Trust, Inc.		10,908	29,124
PennyMac Mortgage Investment Trust		2,615	34,073
Ready Capital Corp.		2,892	32,564
Redwood Trust, Inc.		3,334	25,372
Two Harbors Investment Corp.		2,839	47,042
			335,325
Multiline Retail - 0.0%(d)
Big Lots, Inc.		850	12,198
Multi-Utilities - 0.3%
Avista Corp.		2,169	89,189
Unitil Corp.		471	25,585
			114,774
Oil, Gas & Consumable Fuels - 2.1%
Callon Petroleum Co.*		1,503	58,256
Civitas Resources, Inc.		1,529	107,290
Comstock Resources, Inc.		2,701	32,790
CONSOL Energy, Inc.		964	52,760
Dorian LPG Ltd.		937	20,567
Green Plains, Inc.*		1,743	60,430
Northern Oil and Gas, Inc.		1,989	61,739
Par Pacific Holdings, Inc.*		1,631	45,309
Ranger Oil Corp.		561	23,281
REX American Resources Corp.*		456	15,053
SM Energy Co.		3,611	106,561
Talos Energy, Inc.*		1,918	34,160
Vital Energy, Inc.*		493	25,335
World Fuel Services Corp.		1,819	49,931
			693,462
Paper & Forest Products - 0.2%
Clearwater Paper Corp.*		491	18,948
Mercer International, Inc.		1,186	12,785
Sylvamo Corp.		972	47,949
			79,682
Personal Products - 1.1%
Edgewell Personal Care Co.		1,524	65,075
elf Beauty, Inc.*		1,478	110,480
Inter Parfums, Inc.		525	63,215
Medifast, Inc.		321	35,994
Nu Skin Enterprises, Inc., Class A		1,453	57,888
USANA Health Sciences, Inc.*		327	19,875
			352,527
Pharmaceuticals - 1.4%
Amphastar Pharmaceuticals, Inc.*		1,107	35,269
ANI Pharmaceuticals, Inc.*		359	15,021
Cara Therapeutics, Inc.*		1,326	13,472
Collegium Pharmaceutical, Inc.*		987	26,185
Corcept Therapeutics, Inc.*		2,815	58,636
Harmony Biosciences Holdings, Inc.*		872	38,394
Innoviva, Inc.*		1,846	22,281
Ligand Pharmaceuticals, Inc.*		472	34,050
Nektar Therapeutics*		5,528	7,629
Pacira BioSciences, Inc.*		1,349	57,427
Phibro Animal Health Corp., Class A		598	9,395
Prestige Consumer Healthcare, Inc.*		1,456	87,724
Supernus Pharmaceuticals, Inc.*		1,588	59,693
			465,176
Professional Services - 1.1%
Exponent, Inc.		1,488	153,115
Forrester Research, Inc.*		330	10,854
Heidrick & Struggles International, Inc.		584	20,049
Kelly Services, Inc., Class A		1,017	17,014
Korn Ferry		1,569	87,691
NV5 Global, Inc.*		366	38,511
Resources Connection, Inc.		942	17,013

Ultra SmallCap600  
Schedule of Portfolio Investments  

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
TrueBlue, Inc.*		962	17,989
			362,236
Real Estate Management & Development - 0.5%
Anywhere Real Estate, Inc.*		3,219	18,638
Cushman & Wakefield plc*		4,779	61,840
Douglas Elliman, Inc.		1,985	8,377
Marcus & Millichap, Inc.		729	25,056
RE/MAX Holdings, Inc., Class A		537	9,929
St Joe Co. (The)		995	42,616
			166,456
Road & Rail - 0.6%
ArcBest Corp.		718	69,072
Heartland Express, Inc.		1,369	22,082
Marten Transport Ltd.		1,691	37,320
RXO, Inc.*		3,367	69,259
			197,733
Semiconductors & Semiconductor Equipment - 3.3%
Alpha & Omega Semiconductor Ltd.*		652	17,415
Axcelis Technologies, Inc.*		966	124,170
CEVA, Inc.*		682	21,524
Cohu, Inc.*		1,402	52,154
Diodes, Inc.*		1,336	122,498
FormFactor, Inc.*		2,265	68,177
Ichor Holdings Ltd.*		846	27,876
Kulicke & Soffa Industries, Inc.		1,707	90,983
MaxLinear, Inc.*		2,126	72,730
Onto Innovation, Inc.*		1,456	120,076
PDF Solutions, Inc.*		868	32,498
Photronics, Inc.*		1,813	31,945
Rambus, Inc.*		3,158	139,678
Semtech Corp.*		1,866	57,491
SMART Global Holdings, Inc.*		1,428	23,848
Ultra Clean Holdings, Inc.*		1,336	42,565
Veeco Instruments, Inc.*		1,513	32,182
			1,077,810
Software - 2.2%
8x8, Inc.*		3,284	17,471
A10 Networks, Inc.		1,879	28,598
Adeia, Inc.		3,090	30,467
Agilysys, Inc.*		582	46,508
Alarm.com Holdings, Inc.*		1,466	74,517
Cerence, Inc.*		1,159	31,733
Consensus Cloud Solutions, Inc.*		519	21,300
Digital Turbine, Inc.*		2,648	28,439
DoubleVerify Holdings, Inc.*		2,170	57,006
Ebix, Inc.		690	11,992
InterDigital, Inc.		792	57,808
LivePerson, Inc.*		2,059	20,837
LiveRamp Holdings, Inc.*		1,954	46,173
OneSpan, Inc.*		1,040	14,061
Progress Software Corp.		1,263	72,547
SPS Commerce, Inc.*		1,059	159,528
Xperi, Inc.*		1,226	14,332
			733,317
Specialty Retail - 4.1%
Aaron’s Co., Inc. (The)		904	12,972
Abercrombie & Fitch Co., Class A*		1,454	42,762
Academy Sports & Outdoors, Inc.		2,343	138,589
American Eagle Outfitters, Inc.		5,120	73,574
America’s Car-Mart, Inc.*		170	14,443
Asbury Automotive Group, Inc.*		650	147,615
Bed Bath & Beyond, Inc.*(c)		2,259	3,185
Boot Barn Holdings, Inc.*		876	67,846
Buckle, Inc. (The)		869	35,447
Caleres, Inc.		1,071	27,964
Chico’s FAS, Inc.*		3,678	21,149
Children’s Place, Inc. (The)*		383	16,036
Designer Brands, Inc., Class A		1,495	14,636
Genesco, Inc.*		365	16,414
Group 1 Automotive, Inc.		431	95,281
Guess?, Inc.		895	18,831
Haverty Furniture Cos., Inc.		388	14,643
Hibbett, Inc.		377	27,118
Leslie’s, Inc.*		4,359	54,967
MarineMax, Inc.*		634	21,290
Monro, Inc.		925	46,657
National Vision Holdings, Inc.*		2,320	86,675
ODP Corp. (The)*		1,185	53,657
Sally Beauty Holdings, Inc.*		3,145	50,603
Shoe Carnival, Inc.		504	13,280
Signet Jewelers Ltd.		1,358	97,260
Sleep Number Corp.*		646	25,750
Sonic Automotive, Inc., Class A		490	27,876
Upbound Group, Inc.		1,473	39,550
Urban Outfitters, Inc.*		1,763	47,513
Zumiez, Inc.*		459	10,676
			1,364,259
Technology Hardware, Storage & Peripherals - 0.1%
Avid Technology, Inc.*		976	28,363
Corsair Gaming, Inc.*		1,129	19,757
			48,120
Textiles, Apparel & Luxury Goods - 0.8%
G-III Apparel Group Ltd.*		1,255	20,852
Kontoor Brands, Inc.		1,451	75,670
Movado Group, Inc.		467	16,168
Oxford Industries, Inc.		440	51,748
Steven Madden Ltd.		2,154	78,190
Wolverine World Wide, Inc.		2,315	38,776
			281,404
Thrifts & Mortgage Finance - 1.6%
Axos Financial, Inc.*		1,570	74,402
Capitol Federal Financial, Inc.		3,795	31,840
Mr Cooper Group, Inc.*		2,073	96,249
NMI Holdings, Inc., Class A*		2,456	57,323
Northfield Bancorp, Inc.		1,236	18,182
Provident Financial Services, Inc.		2,213	51,674
TrustCo Bank Corp.		559	20,940
Walker & Dunlop, Inc.		901	78,594
WSFS Financial Corp.		1,810	90,337
			519,541
Tobacco - 0.3%
Universal Corp.		722	36,526
Vector Group Ltd.		3,869	51,342
			87,868
Trading Companies & Distributors - 1.3%
Applied Industrial Technologies, Inc.		1,134	162,003
Boise Cascade Co.		1,161	80,237
DXP Enterprises, Inc.*		463	13,385
GMS, Inc.*		1,247	75,705
NOW, Inc.*		3,248	41,737
Veritiv Corp.		395	59,819
			432,886
Water Utilities - 0.9%
American States Water Co.		1,086	96,980

Ultra SmallCap600  
Schedule of Portfolio Investments  

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
California Water Service Group		1,611	92,213
Middlesex Water Co.		518	39,627
SJW Group		784	59,929
			288,749
Wireless Telecommunication Services - 0.3%
Gogo, Inc.*		1,910	31,439
Shenandoah Telecommunications Co.		1,473	28,753
Telephone and Data Systems, Inc.		2,934	37,232
			97,424
TOTAL COMMON STOCKS (Cost $29,166,410)			27,500,377
SECURITIES LENDING REINVESTMENTS(e) - 0.2%
INVESTMENT COMPANIES - 0.2%
BlackRock Liquidity FedFund, Institutional Class
4.42% (Cost $70,107)		70,107	70,107

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 12.2%
REPURCHASE AGREEMENTS(f) - 12.2%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $4,025,889
(Cost $4,025,389)		4,025,389	4,025,389
Total Investments - 95.4% (Cost $33,261,906)			31,595,873
Other assets less liabilities - 4.6%			1,510,803
Net Assets - 100.0%			33,106,676

* Non-income producing security.

(a) All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $38,119.

(b) Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.

(c) The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $188,868, collateralized in the form of cash with a value of $70,107 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Portfolio Investments and $123,373 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 6.25%, and maturity dates ranging from March 2, 2023 – May 15, 2052. The total value of collateral is $193,480.

(d) Represents less than 0.05% of net assets.

(e) The security was purchased with cash collateral held from securities on loan at February 28, 2023. The total value of securities purchased was $70,107.

(f) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements
Ultra SmallCap600 had the following open non-exchange traded total return swap agreements as of February 28, 2023:
Notional Amount ($)	Termination Datea	Counterparty	Rate Paid (Received)b		Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
6,869,516	5/8/2023	Bank of America NA	4.92	%	S&P SmallCap 600®	(2,112,058	)
6,474,759	3/6/2024	Citibank NA	4.92	%	S&P SmallCap 600®	276,822
5,740,212	3/6/2024	Morgan Stanley & Co. International plc	5.17	%	S&P SmallCap 600®	223,255
9,258,044	4/8/2024	Societe Generale	5.02	%	S&P SmallCap 600®	242,939
10,371,107	3/7/2023	UBS AG	4.87	%	S&P SmallCap 600®	(963,783	)
38,713,638						(2,332,825	)
					Total Unrealized Appreciation	743,016
					Total Unrealized Depreciation	(3,075,841	)

a	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
b	Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Ultra Technology 

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 70.0%
Communications Equipment - 2.2%
Arista Networks, Inc.*		5,886		816,388
Ciena Corp.*		3,513		169,397
Cisco Systems, Inc.		97,482		4,720,078
F5, Inc.*		1,420		203,032
Juniper Networks, Inc.		7,696		236,883
Lumentum Holdings, Inc.*		1,609		86,580
Motorola Solutions, Inc.		3,972		1,043,881
Ubiquiti, Inc.(b)		107		28,708
Viavi Solutions, Inc.*		5,372		58,770
				7,363,717
Diversified Telecommunication Services - 0.1%
Liberty Global plc, Class A*		4,089		83,784
Liberty Global plc, Class C*		6,067		128,924
Lumen Technologies, Inc.		22,599		76,836
				289,544
Electronic Equipment, Instruments & Components - 0.2%
CDW Corp.		3,215		650,780
TD SYNNEX Corp.		994		95,941
				746,721
Health Care Technology - 0.2%
Veeva Systems, Inc., Class A*		3,343		553,802
Household Durables - 0.1%
Garmin Ltd.		3,645		357,684
Interactive Media & Services - 10.2%
Alphabet, Inc., Class A*		141,819		12,772,219
Alphabet, Inc., Class C*		125,707		11,351,342
Bumble, Inc., Class A*		1,883		45,531
Cargurus, Inc.*		2,227		37,970
IAC, Inc.*		1,857		96,453
Match Group, Inc.*		6,622		274,283
Meta Platforms, Inc., Class A*		53,417		9,344,770
Snap, Inc., Class A*		23,866		242,240
Ziff Davis, Inc.*		1,124		88,774
				34,253,582
Internet & Direct Marketing Retail - 0.4%
Chewy, Inc., Class A*		2,201		89,251
DoorDash, Inc., Class A*		6,250		341,625
eBay, Inc.		12,885		591,421
Etsy, Inc.*		2,992		363,259
				1,385,556
IT Services - 2.5%
Akamai Technologies, Inc.*		3,744		271,814
Amdocs Ltd.		2,898		265,486
Cloudflare, Inc., Class A*		6,761		405,728
Cognizant Technology Solutions Corp., Class A		12,205		764,399
DXC Technology Co.*		5,467		151,655
EPAM Systems, Inc.*		1,361		418,712
Gartner, Inc.*		1,882		616,938
GoDaddy, Inc., Class A*		3,689		279,294
International Business Machines Corp.		21,467		2,775,683
MongoDB, Inc.*		1,623		340,051
Okta, Inc.*		3,607		257,143
Snowflake, Inc., Class A*		6,760		1,043,609
Squarespace, Inc., Class A*		965		22,591
Thoughtworks Holding, Inc.*		1,554		11,437
Twilio, Inc., Class A*		4,134		277,846
VeriSign, Inc.*		2,192		431,451
				8,333,837
Semiconductors & Semiconductor Equipment - 14.6%
Advanced Micro Devices, Inc.*		38,293		3,009,092
Allegro MicroSystems, Inc.*		1,552		67,791
Amkor Technology, Inc.		2,379		61,283
Analog Devices, Inc.		12,215		2,241,086
Applied Materials, Inc.		20,446		2,374,803
Broadcom, Inc.		9,614		5,713,504
Cirrus Logic, Inc.*		1,300		133,575
Enphase Energy, Inc.*		3,228		679,591
Entegris, Inc.		3,537		301,459
GLOBALFOUNDRIES, Inc.*(b)		1,660		108,464
Intel Corp.		98,065		2,444,761
KLA Corp.		3,375		1,280,408
Lam Research Corp.		3,239		1,574,186
Lattice Semiconductor Corp.*		3,257		276,715
Marvell Technology, Inc.		20,236		913,655
Microchip Technology, Inc.		13,049		1,057,361
Micron Technology, Inc.		25,832		1,493,606
MKS Instruments, Inc.		1,358		131,631
Monolithic Power Systems, Inc.		1,058		512,379
NVIDIA Corp.		59,132		13,728,085
NXP Semiconductors NV		6,168		1,100,865
ON Semiconductor Corp.*		10,262		794,381
Power Integrations, Inc.		1,353		111,284
Qorvo, Inc.*		2,401		242,237
QUALCOMM, Inc.		26,626		3,289,110
Semtech Corp.*		1,512		46,585
Silicon Laboratories, Inc.*		795		141,931
Skyworks Solutions, Inc.		3,803		424,301
SolarEdge Technologies, Inc.*		1,321		419,972
Teradyne, Inc.		3,708		375,027
Texas Instruments, Inc.		21,551		3,694,919
Universal Display Corp.		1,031		140,061
Wolfspeed, Inc.*		2,956		218,685
				49,102,793
Software - 23.3%
ACI Worldwide, Inc.*		2,678		69,226
Adobe, Inc.*		11,037		3,575,436
Alteryx, Inc., Class A*		1,457		95,157
ANSYS, Inc.*		2,064		626,651
Appian Corp., Class A*		971		40,248
AppLovin Corp., Class A*		2,922		39,447
Asana, Inc., Class A*(b)		1,786		26,415
Aspen Technology, Inc.*		688		145,863
Atlassian Corp., Class A*		3,517		577,949
Autodesk, Inc.*		5,132		1,019,677
Bentley Systems, Inc., Class B		4,667		188,827
BILL Holdings, Inc.*		2,265		191,687
Black Knight, Inc.*		3,712		221,235
Blackbaud, Inc.*		1,058		58,920
Blackline, Inc.*		1,283		87,706
Cadence Design Systems, Inc.*		6,518		1,257,583
CCC Intelligent Solutions Holdings, Inc.*		2,502		22,418
Ceridian HCM Holding, Inc.*		3,650		266,194
Clear Secure, Inc., Class A		1,783		54,809
Confluent, Inc., Class A*		3,654		89,121
Coupa Software, Inc.*(c)		1,804		146,124
Crowdstrike Holdings, Inc., Class A*		5,108		616,484
Datadog, Inc., Class A*		5,903		451,698

Ultra Technology 

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
DocuSign, Inc.*		4,776		293,008
Dolby Laboratories, Inc., Class A		1,464		120,458
Dropbox, Inc., Class A*(b)		6,399		130,540
Dynatrace, Inc.*		4,792		203,804
Elastic NV*		1,831		108,066
Fair Isaac Corp.*		586		396,951
Five9, Inc.*		1,667		110,022
Fortinet, Inc.*		15,403		915,554
Gen Digital, Inc.		13,752		268,301
Gitlab, Inc., Class A*(b)		1,426		62,801
Guidewire Software, Inc.*		1,954		137,190
HashiCorp, Inc., Class A*		1,747		51,012
HubSpot, Inc.*		1,158		447,984
Informatica, Inc., Class A*		896		15,456
Intuit, Inc.		6,687		2,722,813
Manhattan Associates, Inc.*		1,485		213,469
Microsoft Corp.		177,001		44,147,589
MicroStrategy, Inc., Class A*		214		56,126
nCino, Inc.*		1,818		49,540
NCR Corp.*		3,267		83,406
New Relic, Inc.*		1,377		100,480
Nutanix, Inc., Class A*		5,469		154,499
Oracle Corp.		36,490		3,189,226
Palantir Technologies, Inc., Class A*		41,887		328,394
Palo Alto Networks, Inc.*		7,132		1,343,455
Paycom Software, Inc.*		1,158		334,731
Paylocity Holding Corp.*		973		187,409
Pegasystems, Inc.		970		44,989
Procore Technologies, Inc.*		1,629		109,127
PTC, Inc.*		2,511		314,704
Qualtrics International, Inc., Class A*		2,629		44,483
Rapid7, Inc.*(b)		1,407		66,551
RingCentral, Inc., Class A*		1,839		60,761
Roper Technologies, Inc.		2,520		1,084,104
Salesforce, Inc.*		23,752		3,886,065
Samsara, Inc., Class A*		2,355		39,234
SentinelOne, Inc., Class A*		5,003		79,998
ServiceNow, Inc.*		4,805		2,076,577
Smartsheet, Inc., Class A*		3,096		136,286
Splunk, Inc.*		3,553		364,182
Synopsys, Inc.*		3,635		1,322,268
Tyler Technologies, Inc.*		985		316,431
UiPath, Inc., Class A*		8,322		123,498
Unity Software, Inc.*(b)		5,793		176,339
Varonis Systems, Inc.*		2,623		71,031
Verint Systems, Inc.*		1,555		58,126
VMware, Inc., Class A*		4,935		543,492
Workday, Inc., Class A*		4,780		886,547
Workiva, Inc.*		1,087		96,960
Zoom Video Communications, Inc., Class A*		5,236		390,553
Zscaler, Inc.*		1,996		261,775
				78,595,240
Technology Hardware, Storage & Peripherals - 16.2%
Apple, Inc.		355,026		52,334,383
Dell Technologies, Inc., Class C		6,157		250,220
Hewlett Packard Enterprise Co.		30,558		477,010
HP, Inc.		21,020		620,510
NetApp, Inc.		5,174		333,982
Pure Storage, Inc., Class A*		6,664		190,191
Seagate Technology Holdings plc		4,555		294,071
Western Digital Corp.*		7,550		290,524
				54,790,891
TOTAL COMMON STOCKS (Cost $290,392,074)				235,773,367
SECURITIES LENDING REINVESTMENTS(d) - 0.0%(e)
INVESTMENT COMPANIES - 0.0%(e)
BlackRock Liquidity FedFund, Institutional Class 4.42% (Cost $124,203)		124,203		124,203

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 18.1%
REPURCHASE AGREEMENTS(f) - 18.1%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $60,958,905
(Cost $60,951,339)		60,951,339		60,951,339
Total Investments - 88.1% (Cost $351,467,616)				296,848,909
Other assets less liabilities - 11.9%				40,279,172
Net Assets - 100.0%				337,128,081

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $14,051,127.
(b)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $496,780, collateralized in the form of cash with a value of $124,203 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Portfolio Investments and $384,346 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 6.25%, and maturity dates ranging from March 2, 2023 – May 15, 2052. The total value of collateral is $508,549.
(c)	Security fair valued as of February 28, 2023 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at February 28, 2023 amounted to $146,124, which represents approximately 0.04% of net assets of the Fund.
(d)	The security was purchased with cash collateral held from securities on loan at February 28, 2023. The total value of securities purchased was $124,203.
(e)	Represents less than 0.05% of net assets.
(f)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Ultra Technology 

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Swap Agreements  

Ultra Technology had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	126,840,610	5/8/2023	Bank of America NA		4.92	%	Dow Jones U.S. TechnologySM Indexc		(30,479,782	)
	18,901,756	3/6/2024	BNP Paribas SA		5.17	%	Dow Jones U.S. TechnologySM Indexc		(6,289,063	)
	14,639,831	3/7/2023	Goldman Sachs International		5.17	%	Dow Jones U.S. TechnologySM Indexc		(41,025,365	)
	1,541,035	3/6/2024	Morgan Stanley & Co. International plc		5.17	%	Dow Jones U.S. TechnologySM Indexc		779,030
	145,779,148	4/10/2023	Societe Generale		5.12	%	Dow Jones U.S. TechnologySM Indexc		(16,095,307	)
	131,851,357	3/6/2024	UBS AG		5.17	%	Dow Jones U.S. TechnologySM Indexc		(1,464,933	)
	439,553,737								(94,575,420	)
							Total Unrealized Appreciation		779,030
							Total Unrealized Depreciation		(95,354,450	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

^c  See the Common Stocks section of the preceding Schedule of Portfolio Investments for the representative components of the underlying reference instrument and their relative weightings.

Ultra Telecommunications

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 81.0%
Communications Equipment - 40.9%
ADTRAN Holdings, Inc.		148		2,583
Arista Networks, Inc.*		184		25,521
Ciena Corp.*		312		15,045
Cisco Systems, Inc.		2,421		117,225
Clearfield, Inc.*		24		1,505
CommScope Holding Co., Inc.*		438		3,171
Comtech Telecommunications Corp.		58		927
Digi International, Inc.*		74		2,469
Extreme Networks, Inc.*		276		5,167
F5, Inc.*		126		18,015
Harmonic, Inc.*		221		2,915
Inseego Corp.*		168		150
Juniper Networks, Inc.		683		21,023
Lumentum Holdings, Inc.*		144		7,749
Motorola Solutions, Inc.		88		23,127
NETGEAR, Inc.*		61		1,104
NetScout Systems, Inc.*		144		4,095
Ribbon Communications, Inc.*		187		834
Ubiquiti, Inc.(a)		9		2,415
Viasat, Inc.*		159		5,050
Viavi Solutions, Inc.*		476		5,207
				265,297
Diversified Telecommunication Services - 32.1%
Anterix, Inc.*		40		1,208
AT&T, Inc.		1,209		22,862
ATN International, Inc.		22		925
Consolidated Communications Holdings, Inc.*		154		467
EchoStar Corp., Class A*		74		1,477
Frontier Communications Parent, Inc.		469		12,832
Globalstar, Inc.*		1,476		1,889
IDT Corp., Class B*		43		1,308
Iridium Communications, Inc.*		265		16,263
Liberty Global plc, Class A*		362		7,417
Liberty Global plc, Class C*		538		11,432
Liberty Latin America Ltd., Class A*		78		688
Liberty Latin America Ltd., Class C*		306		2,687
Lumen Technologies, Inc.		2,003		6,810
Radius Global Infrastructure, Inc.*		160		2,181
Verizon Communications, Inc.		3,042		118,060
				208,506
Household Durables - 3.7%
Garmin Ltd.		247		24,238
Wireless Telecommunication Services - 4.3%
Shenandoah Telecommunications Co.		105		2,050
Telephone and Data Systems, Inc.		210		2,665
T-Mobile US, Inc.*		157		22,322
United States Cellular Corp.*		30		724
				27,761
TOTAL COMMON STOCKS (Cost $419,436)				525,802
SECURITIES LENDING REINVESTMENTS(b) - 0.3%
INVESTMENT COMPANIES - 0.3%
BlackRock Liquidity FedFund, Institutional Class 4.42% (Cost $2,202)		2,202		2,202

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 10.0%
REPURCHASE AGREEMENTS(c) - 10.0%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $64,823
(Cost $64,814)		64,814		64,814
Total Investments - 91.3% (Cost $486,452)				592,818
Other assets less liabilities - 8.7%				56,265
Net Assets - 100.0%				649,083

Ultra Telecommunications

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

*	Non-income producing security.
(a)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $2,146, collateralized in the form of cash with a value of $2,202 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Portfolio Investments.
(b)	The security was purchased with cash collateral held from securities on loan at February 28, 2023. The total value of securities purchased was $2,202.
(c)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

Ultra Telecommunications had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Depreciation ($)
	181,670	5/8/2023	Bank of America NA		4.87	%	Dow Jones U.S. Select TelecommunicationsSM Indexc		(83,736	)
	161,670	3/7/2023	Goldman Sachs International		5.17	%	Dow Jones U.S. Select TelecommunicationsSM Indexc		(160,299	)
	248,338	3/7/2023	Societe Generale		5.02	%	Dow Jones U.S. Select TelecommunicationsSM Indexc		(103,258	)
	178,337	3/7/2023	UBS AG		4.92	%	Dow Jones U.S. Select TelecommunicationsSM Indexc		(128,636	)
	770,015								(475,929	)
							Total Unrealized Depreciation		(475,929	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

^c  See the Common Stocks section of the preceding Schedule of Portfolio Investments for the representative components of the underlying reference instrument and their relative weightings.

Ultra Utilities

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 74.3%
Electric Utilities - 45.9%
ALLETE, Inc.		402		24,598
Alliant Energy Corp.		1,768		90,645
American Electric Power Co., Inc.		3,619		318,363
Avangrid, Inc.		491		19,164
Constellation Energy Corp.		2,303		172,472
Duke Energy Corp.		5,427		511,549
Edison International		2,693		178,304
Entergy Corp.		1,434		147,516
Evergy, Inc.		1,617		95,096
Eversource Energy		2,453		184,858
Exelon Corp.		7,002		282,811
FirstEnergy Corp.		3,827		151,320
Hawaiian Electric Industries, Inc.		771		31,187
IDACORP, Inc.		355		36,707
NextEra Energy, Inc.		14,001		994,491
NRG Energy, Inc.		1,625		53,284
PG&E Corp.*		11,344		177,193
Pinnacle West Capital Corp.		797		58,723
PNM Resources, Inc.		604		29,596
Portland General Electric Co.		628		30,018
PPL Corp.		5,192		140,547
Southern Co. (The)		7,669		483,607
Xcel Energy, Inc.		3,855		248,917
				4,460,966
Gas Utilities - 3.3%
Atmos Energy Corp.		986		111,231
National Fuel Gas Co.		643		36,831
New Jersey Resources Corp.		678		34,599
ONE Gas, Inc.		381		30,541
Southwest Gas Holdings, Inc.		434		27,346
Spire, Inc.		370		26,048
UGI Corp.		1,475		54,914
				321,510
Independent Power and Renewable Electricity Producers - 2.1%
AES Corp. (The)		4,709		116,218
Clearway Energy, Inc., Class A		245		7,279
Clearway Energy, Inc., Class C(b)		580		18,218
Vistra Corp.		2,635		57,944
				199,659
Multi-Utilities - 20.4%
Ameren Corp.		1,821		150,615
Avista Corp.		521		21,423
Black Hills Corp.		458		28,126
CenterPoint Energy, Inc.		4,435		123,382
CMS Energy Corp.		2,045		120,594
Consolidated Edison, Inc.		2,500		223,375
Dominion Energy, Inc.		5,870		326,489
DTE Energy Co.		1,366		149,864
NiSource, Inc.		2,860		78,450
NorthWestern Corp.		408		23,574
Public Service Enterprise Group, Inc.		3,515		212,411
Sempra Energy		2,216		332,311
WEC Energy Group, Inc.		2,224		197,180
				1,987,794
Water Utilities - 2.6%
American Water Works Co., Inc.		1,280		179,686
Essential Utilities, Inc.		1,682		71,956
				251,642
TOTAL COMMON STOCKS (Cost $7,514,149)				7,221,571

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 21.2%
REPURCHASE AGREEMENTS(c) - 21.2%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $2,065,913
(Cost $2,065,657)		2,065,657		2,065,657
Total Investments - 95.5% (Cost $9,579,806)				9,287,228
Other assets less liabilities - 4.5%				437,503
Net Assets - 100.0%				9,724,731

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $726,094.
(b)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $16,396, collateralized in the form of U.S. Government Treasury Securities, interest rates ranging from 0.13% – 4.75%, and maturity dates ranging from May 15, 2024 – November 15, 2050. The total value of collateral is $17,244.
(c)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Ultra Utilities

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Swap Agreements

Ultra Utilities had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	8,089,126	3/6/2024	Bank of America NA		4.77	%	Dow Jones U.S. UtilitiesSM Indexc		(337,851	)
	56,522	3/6/2024	Morgan Stanley & Co. International plc		5.17	%	Dow Jones U.S. UtilitiesSM Indexc		5,094
	3,574,400	4/10/2023	Societe Generale		5.12	%	Dow Jones U.S. UtilitiesSM Indexc		(377,895	)
	545,313	11/6/2023	UBS AG		4.92	%	Dow Jones U.S. UtilitiesSM Indexc		(657,838	)
	12,265,361								(1,368,490	)
							Total Unrealized Appreciation		5,094
							Total Unrealized Depreciation		(1,373,584	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

^c  See the Common Stocks section of the preceding Schedule of Portfolio Investments for the representative components of the underlying reference instrument and their relative weightings.

UltraPro Dow30^SM

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 85.8%
Aerospace & Defense - 3.5%
Boeing Co. (The)*		102,114		20,581,077
Banks - 2.5%
JPMorgan Chase & Co.		102,116		14,638,328
Beverages - 1.0%
Coca-Cola Co. (The)		102,117		6,076,983
Biotechnology - 4.0%
Amgen, Inc.		102,121		23,657,351
Capital Markets - 6.1%
Goldman Sachs Group, Inc. (The)		102,121		35,910,850
Chemicals - 1.0%
Dow, Inc.		102,120		5,841,264
Communications Equipment - 0.8%
Cisco Systems, Inc.		102,113		4,944,311
Consumer Finance - 3.0%
American Express Co.		102,124		17,768,555
Diversified Telecommunication Services - 0.7%
Verizon Communications, Inc.		102,112		3,962,967
Entertainment - 1.7%
Walt Disney Co. (The)*		102,111		10,171,277
Food & Staples Retailing - 3.1%
Walgreens Boots Alliance, Inc.		102,109		3,627,933
Walmart, Inc.		102,128		14,515,452
				18,143,385
Health Care Providers & Services - 8.2%
UnitedHealth Group, Inc.		102,121		48,603,469
Hotels, Restaurants & Leisure - 4.6%
McDonald’s Corp.		102,121		26,950,753
Household Products - 2.4%
Procter & Gamble Co. (The)		102,130		14,049,003
Industrial Conglomerates - 5.2%
3M Co.		102,113		11,001,655
Honeywell International, Inc.		102,245		19,577,872
				30,579,527
Insurance - 3.2%
Travelers Cos., Inc. (The)		102,126		18,905,565
IT Services - 6.0%
International Business Machines Corp.		102,122		13,204,374
Visa, Inc., Class A		102,122		22,460,713
				35,665,087
Machinery - 4.1%
Caterpillar, Inc.		102,125		24,464,044
Oil, Gas & Consumable Fuels - 2.8%
Chevron Corp.		102,130		16,419,440
Pharmaceuticals - 4.5%
Johnson & Johnson		102,182		15,660,413
Merck & Co., Inc.		102,118		10,849,017
				26,509,430
Semiconductors & Semiconductor Equipment - 0.4%
Intel Corp.		102,109		2,545,577
Software - 7.2%
Microsoft Corp.		102,121		25,471,020
Salesforce, Inc.*		102,117		16,707,362
				42,178,382
Specialty Retail - 5.1%
Home Depot, Inc. (The)		102,166		30,296,306
Technology Hardware, Storage & Peripherals - 2.6%
Apple, Inc.		102,127		15,054,541
Textiles, Apparel & Luxury Goods - 2.1%
NIKE, Inc., Class B		102,118		12,130,597
TOTAL COMMON STOCKS (Cost $571,459,774)				506,048,069

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 17.5%
REPURCHASE AGREEMENTS(b) - 17.5%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $103,055,269
(Cost $103,042,478)		103,042,478		103,042,478
Total Investments - 103.3% (Cost $674,502,252)				609,090,547
Liabilities in excess of other assets - (3.3%)				(19,427,109	)
Net Assets - 100.0%				589,663,438

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $209,851,333.
(b)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

UltraPro Dow30^SM

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Purchased

UltraPro Dow30^SM had the following open long futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Depreciation
DJIA CBOT E-Mini Index		272	3/17/2023	USD	$	44,447,520	$	(538,163	)

Swap Agreements

UltraPro Dow30^SM had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	194,013,455	5/8/2023	Bank of America NA		4.97	%	Dow Jones Industrial AverageSM		(31,023,985	)
	199,075,243	11/6/2023	Barclays Capital		5.17	%	Dow Jones Industrial AverageSM		(5,097,332	)
	255,701,961	5/8/2023	BNP Paribas SA		5.17	%	Dow Jones Industrial AverageSM		(33,865,090	)
	184,608,325	4/8/2024	Citibank NA		5.23	%	Dow Jones Industrial AverageSM		(5,003,944	)
	151,984,282	11/6/2023	Morgan Stanley & Co. International plc		5.12	%	Dow Jones Industrial AverageSM		(17,129,159	)
	148,000,164	4/10/2023	Societe Generale		4.97	%	Dow Jones Industrial AverageSM		3,969,277
	84,940,077	3/7/2023	UBS AG		4.72	%	Dow Jones Industrial AverageSM		(36,876,428	)
	1,218,323,507								(125,026,661	)
							Total Unrealized Appreciation		3,969,277
							Total Unrealized Depreciation		(128,995,938	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

UltraPro MidCap400

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 81.5%
Aerospace & Defense - 1.3%
Axon Enterprise, Inc.*		753		150,833
Curtiss-Wright Corp.		426		74,461
Hexcel Corp.		938		68,427
Mercury Systems, Inc.*		644		33,707
Woodward, Inc.		671		66,429
				393,857
Air Freight & Logistics - 0.2%
GXO Logistics, Inc.*		1,319		65,383
Airlines - 0.1%
JetBlue Airways Corp.*		3,606		29,930
Auto Components - 1.3%
Adient plc*		1,055		45,070
Dana, Inc.		1,421		22,509
Fox Factory Holding Corp.*		471		55,342
Gentex Corp.		2,610		74,515
Goodyear Tire & Rubber Co. (The)*		3,150		35,784
Lear Corp.		656		91,610
Visteon Corp.*		314		52,451
				377,281
Automobiles - 0.4%
Harley-Davidson, Inc.		1,481		70,422
Thor Industries, Inc.		596		54,230
				124,652
Banks - 5.8%
Associated Banc-Corp.		1,674		38,753
Bank of Hawaii Corp.(b)		445		33,313
Bank OZK		1,232		56,709
Cadence Bank		2,031		53,943
Cathay General Bancorp		828		35,538
Columbia Banking System, Inc.		2,312		68,736
Commerce Bancshares, Inc.		1,268		83,878
Cullen/Frost Bankers, Inc.		716		94,383
East West Bancorp, Inc.		1,568		119,497
First Financial Bankshares, Inc.(b)		1,446		53,039
First Horizon Corp.		5,973		147,951
FNB Corp.		3,906		55,739
Fulton Financial Corp.		1,864		32,061
Glacier Bancorp, Inc.		1,233		58,420
Hancock Whitney Corp.		953		46,811
Home BancShares, Inc.		2,113		50,923
International Bancshares Corp.		587		28,487
Old National Bancorp		3,262		57,640
PacWest Bancorp		1,311		36,380
Pinnacle Financial Partners, Inc.		851		63,051
Prosperity Bancshares, Inc.		1,016		74,666
Synovus Financial Corp.		1,619		67,690
Texas Capital Bancshares, Inc.*		554		36,691
UMB Financial Corp.		483		43,789
United Bankshares, Inc.		1,500		61,155
Valley National Bancorp		4,679		54,183
Washington Federal, Inc.		728		25,531
Webster Financial Corp.		1,937		102,894
Wintrust Financial Corp.		678		62,464
				1,744,315
Beverages - 0.3%
Boston Beer Co., Inc. (The), Class A*		104		33,675
Celsius Holdings, Inc.*		449		40,769
Coca-Cola Consolidated, Inc.		50		27,843
				102,287
Biotechnology - 1.4%
Arrowhead Pharmaceuticals, Inc.*		1,180		38,114
Exelixis, Inc.*		3,592		61,351
Halozyme Therapeutics, Inc.*		1,503		72,129
Neurocrine Biosciences, Inc.*		1,069		110,214
United Therapeutics Corp.*		507		124,742
				406,550
Building Products - 2.5%
Builders FirstSource, Inc.*		1,638		138,870
Carlisle Cos., Inc.		577		148,993
Fortune Brands Innovations, Inc.		1,427		88,403
Lennox International, Inc.		359		91,484
Owens Corning		1,041		101,799
Simpson Manufacturing Co., Inc.		474		51,125
Trex Co., Inc.*		1,222		62,481
UFP Industries, Inc.		685		58,588
				741,743
Capital Markets - 1.7%
Affiliated Managers Group, Inc.		419		66,793
Evercore, Inc., Class A		398		52,209
Federated Hermes, Inc., Class B		943		37,107
Interactive Brokers Group, Inc., Class A		1,145		98,596
Janus Henderson Group plc		1,474		40,476
Jefferies Financial Group, Inc.		2,038		77,016
SEI Investments Co.		1,141		68,745
Stifel Financial Corp.		1,184		79,127
				520,069
Chemicals - 2.2%
Ashland, Inc.		553		56,284
Avient Corp.		952		41,536
Cabot Corp.		627		49,865
Chemours Co. (The)		1,679		57,388
Ingevity Corp.*		390		32,198
NewMarket Corp.		79		27,137
Olin Corp.		1,417		81,832
RPM International, Inc.		1,438		127,450
Scotts Miracle-Gro Co. (The)		450		37,125
Sensient Technologies Corp.		468		35,283
Valvoline, Inc.		1,969		69,309
Westlake Corp.		381		45,392
				660,799
Commercial Services & Supplies - 1.2%
Brink’s Co. (The)		517		33,734
Clean Harbors, Inc.*		559		73,827
IAA, Inc.*		1,489		60,915
MSA Safety, Inc.		410		55,084
Stericycle, Inc.*		1,027		48,967
Tetra Tech, Inc.		589		80,628
				353,155
Communications Equipment - 0.6%
Calix, Inc.*		636		32,531
Ciena Corp.*		1,649		79,515
Lumentum Holdings, Inc.*(b)		759		40,842
Viasat, Inc.*		839		26,647
				179,535

UltraPro MidCap400

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Construction & Engineering - 1.7%
AECOM		1,552		134,031
Dycom Industries, Inc.*		329		27,705
EMCOR Group, Inc.		533		89,128
Fluor Corp.*		1,582		58,012
MasTec, Inc.*		655		64,007
MDU Resources Group, Inc.		2,266		72,172
Valmont Industries, Inc.		236		74,890
				519,945
Construction Materials - 0.2%
Eagle Materials, Inc.		410		57,531
Consumer Finance - 0.3%
FirstCash Holdings, Inc.		418		36,889
Navient Corp.		1,179		21,281
SLM Corp.		2,785		40,048
				98,218
Containers & Packaging - 0.7%
AptarGroup, Inc.		727		84,856
Greif, Inc., Class A		283		20,107
Silgan Holdings, Inc.		931		49,715
Sonoco Products Co.		1,087		64,198
				218,876
Diversified Consumer Services - 0.8%
Graham Holdings Co., Class B		42		26,320
Grand Canyon Education, Inc.*		339		38,405
H&R Block, Inc.		1,729		63,627
Service Corp. International		1,712		115,612
				243,964
Diversified Financial Services - 0.3%
Voya Financial, Inc.		1,083		80,673
Diversified Telecommunication Services - 0.5%
Frontier Communications Parent, Inc.		2,480		67,853
Iridium Communications, Inc.*		1,400		85,918
				153,771
Electric Utilities - 1.1%
ALLETE, Inc.		639		39,100
Hawaiian Electric Industries, Inc.		1,219		49,309
IDACORP, Inc.		562		58,111
OGE Energy Corp.		2,228		79,584
PNM Resources, Inc.		955		46,795
Portland General Electric Co.		993		47,465
				320,364
Electrical Equipment - 1.8%
Acuity Brands, Inc.		358		69,438
EnerSys		454		41,173
Hubbell, Inc.		596		149,918
nVent Electric plc		1,855		85,033
Regal Rexnord Corp.		738		116,338
SunPower Corp.*		950		14,269
Sunrun, Inc.*		2,371		56,999
Vicor Corp.*		247		11,609
				544,777
Electronic Equipment, Instruments & Components - 2.7%
Arrow Electronics, Inc.*		686		80,941
Avnet, Inc.		1,018		45,515
Belden, Inc.		477		40,249
Cognex Corp.		1,924		91,236
Coherent Corp.*		1,544		66,593
IPG Photonics Corp.*		358		44,120
Jabil, Inc.		1,500		124,545
Littelfuse, Inc.		277		71,668
National Instruments Corp.		1,451		73,290
Novanta, Inc.*		397		62,293
TD SYNNEX Corp.		468		45,172
Vishay Intertechnology, Inc.		1,444		30,656
Vontier Corp.		1,758		46,007
				822,285
Energy Equipment & Services - 0.5%
ChampionX Corp.		2,220		67,866
NOV, Inc.		4,372		95,659
				163,525
Entertainment - 0.1%
World Wrestling Entertainment, Inc., Class A		484		40,656
Equity Real Estate Investment Trusts (REITs) - 6.2%
Agree Realty Corp.		981		69,435
Apartment Income REIT Corp.		1,670		63,126
Brixmor Property Group, Inc.		3,336		75,527
Corporate Office Properties Trust		1,250		31,788
Cousins Properties, Inc.		1,686		41,290
CubeSmart		2,500		117,475
Douglas Emmett, Inc.		1,959		27,681
EastGroup Properties, Inc.		484		79,023
EPR Properties		835		34,101
First Industrial Realty Trust, Inc.		1,470		77,543
Healthcare Realty Trust, Inc.		4,238		82,641
Highwoods Properties, Inc.		1,171		31,032
Independence Realty Trust, Inc.		2,493		45,098
JBG SMITH Properties		1,102		19,009
Kilroy Realty Corp.		1,171		42,179
Kite Realty Group Trust		2,439		52,975
Lamar Advertising Co., Class A		970		101,423
Life Storage, Inc.		946		114,012
Macerich Co. (The)		2,391		28,572
Medical Properties Trust, Inc.		6,656		68,557
National Retail Properties, Inc.		1,990		90,187
National Storage Affiliates Trust		943		39,889
Omega Healthcare Investors, Inc.		2,606		69,815
Park Hotels & Resorts, Inc.		2,504		34,430
Pebblebrook Hotel Trust		1,464		20,891
Physicians Realty Trust		2,543		37,713
PotlatchDeltic Corp.		899		41,498
Rayonier, Inc.		1,630		54,735
Rexford Industrial Realty, Inc.		2,043		123,520
Sabra Health Care REIT, Inc.		2,573		30,644
SL Green Realty Corp.		717		24,411
Spirit Realty Capital, Inc.		1,552		63,911
Vornado Realty Trust		1,784		35,288
				1,869,419
Food & Staples Retailing - 1.2%
BJ’s Wholesale Club Holdings, Inc.*		1,502		107,844
Casey’s General Stores, Inc.		415		86,299
Grocery Outlet Holding Corp.*		988		26,725
Performance Food Group Co.*		1,733		98,070
Sprouts Farmers Market, Inc.*		1,178		35,682
				354,620
Food Products - 1.2%
Darling Ingredients, Inc.*		1,785		112,937
Flowers Foods, Inc.		2,139		59,635
Ingredion, Inc.		730		72,562
Lancaster Colony Corp.		222		42,620

UltraPro MidCap400

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Pilgrim’s Pride Corp.*		500		11,695
Post Holdings, Inc.*		605		54,426
				353,875
Gas Utilities - 1.1%
National Fuel Gas Co.		1,017		58,254
New Jersey Resources Corp.		1,072		54,704
ONE Gas, Inc.		602		48,256
Southwest Gas Holdings, Inc.		688		43,351
Spire, Inc.		586		41,254
UGI Corp.		2,330		86,746
				332,565
Health Care Equipment & Supplies - 2.8%
Enovis Corp.*		533		30,713
Envista Holdings Corp.*		1,814		70,129
Globus Medical, Inc., Class A*		861		50,231
Haemonetics Corp.*		562		43,707
ICU Medical, Inc.*		226		38,565
Inari Medical, Inc.*		538		30,268
Integra LifeSciences Holdings Corp.*		809		44,997
Lantheus Holdings, Inc.*		766		56,653
LivaNova plc*		594		28,108
Masimo Corp.*		538		90,013
Neogen Corp.*		2,407		42,580
Omnicell, Inc.*		496		27,002
Penumbra, Inc.*		423		109,976
QuidelOrtho Corp.*		594		51,642
Shockwave Medical, Inc.*		402		76,476
STAAR Surgical Co.*		537		29,744
Tandem Diabetes Care, Inc.*		716		25,676
				846,480
Health Care Providers & Services - 1.7%
Acadia Healthcare Co., Inc.*		1,012		73,380
Amedisys, Inc.*		362		33,286
Chemed Corp.		167		87,104
Encompass Health Corp.		1,109		62,681
HealthEquity, Inc.*		942		61,390
Option Care Health, Inc.*		1,721		52,783
Patterson Cos., Inc.		963		25,539
Progyny, Inc.*		838		31,475
R1 RCM, Inc.*		1,532		21,754
Tenet Healthcare Corp.*		1,202		70,353
				519,745
Hotels, Restaurants & Leisure - 2.4%
Boyd Gaming Corp.		883		57,510
Choice Hotels International, Inc.		309		36,573
Churchill Downs, Inc.		367		90,201
Cracker Barrel Old Country Store, Inc.		245		26,695
Light & Wonder, Inc.*		1,044		65,365
Marriott Vacations Worldwide Corp.		426		65,174
Papa John’s International, Inc.		358		30,054
Penn Entertainment, Inc.*		1,727		52,725
Texas Roadhouse, Inc.		744		75,546
Travel + Leisure Co.		904		37,923
Wendy’s Co. (The)		1,899		41,702
Wingstop, Inc.		331		56,386
Wyndham Hotels & Resorts, Inc.		985		75,865
				711,719
Household Durables - 1.3%
Helen of Troy Ltd.*		268		30,201
KB Home		924		32,589
Leggett & Platt, Inc.		1,474		50,838
Taylor Morrison Home Corp., Class A*		1,204		43,139
Tempur Sealy International, Inc.		1,905		81,420
Toll Brothers, Inc.		1,173		70,310
TopBuild Corp.*		356		73,902
				382,399
Household Products - 0.1%
Energizer Holdings, Inc.		740		26,810
Independent Power and Renewable Electricity Producers - 0.2%
Ormat Technologies, Inc.		542		45,810
Insurance - 3.4%
American Financial Group, Inc.		778		104,338
Brighthouse Financial, Inc.*		769		44,471
CNO Financial Group, Inc.		1,273		32,614
First American Financial Corp.		1,152		65,411
Hanover Insurance Group, Inc. (The)		396		55,234
Kemper Corp.		712		43,859
Kinsale Capital Group, Inc.		238		75,851
Old Republic International Corp.		3,149		83,039
Primerica, Inc.		411		78,887
Reinsurance Group of America, Inc.		743		107,341
RenaissanceRe Holdings Ltd.		486		104,441
RLI Corp.		449		61,922
Selective Insurance Group, Inc.		672		68,228
Unum Group		2,082		92,753
				1,018,389
Interactive Media & Services - 0.2%
TripAdvisor, Inc.*		1,166		25,151
Ziff Davis, Inc.*		527		41,622
				66,773
IT Services - 1.7%
Concentrix Corp.		472		64,589
Euronet Worldwide, Inc.*		526		57,255
ExlService Holdings, Inc.*		369		60,704
Genpact Ltd.		1,876		89,542
Kyndryl Holdings, Inc.*		2,273		35,663
Maximus, Inc.		675		55,404
Western Union Co. (The)		4,300		55,728
WEX, Inc.*		484		93,320
				512,205
Leisure Products - 0.9%
Brunswick Corp.		807		70,548
Mattel, Inc.*		3,947		71,007
Polaris, Inc.		606		68,932
Topgolf Callaway Brands Corp.*		1,545		35,813
YETI Holdings, Inc.*		959		37,382
				283,682
Life Sciences Tools & Services - 1.1%
Azenta, Inc.*		835		36,648
Bruker Corp.		1,111		76,570
Medpace Holdings, Inc.*		278		53,899
Repligen Corp.*		576		100,437
Sotera Health Co.*		1,098		18,326
Syneos Health, Inc.*		1,147		46,132
				332,012
Machinery - 4.0%
AGCO Corp.		687		96,737
Chart Industries, Inc.*		464		61,944

UltraPro MidCap400

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Crane Holdings Co.		533		63,843
Donaldson Co., Inc.		1,363		86,210
Esab Corp.		577		33,841
Flowserve Corp.		1,454		50,439
Graco, Inc.		1,876		130,457
ITT, Inc.		920		83,619
Kennametal, Inc.		897		25,412
Lincoln Electric Holdings, Inc.		642		107,811
Middleby Corp. (The)*		598		92,983
Oshkosh Corp.		728		64,930
Terex Corp.		749		44,348
Timken Co. (The)		738		63,062
Toro Co. (The)		1,159		128,000
Watts Water Technologies, Inc., Class A		304		53,270
				1,186,906
Marine - 0.2%
Kirby Corp.*		667		48,377
Media - 0.8%
Cable One, Inc.		54		37,293
John Wiley & Sons, Inc., Class A		478		21,266
New York Times Co. (The), Class A		1,829		70,416
Nexstar Media Group, Inc., Class A		420		78,078
TEGNA, Inc.		2,484		43,222
				250,275
Metals & Mining - 2.2%
Alcoa Corp.		1,968		96,314
Cleveland-Cliffs, Inc.*		5,734		122,306
Commercial Metals Co.		1,306		67,586
MP Materials Corp.*		1,029		36,015
Reliance Steel & Aluminum Co.		652		161,592
Royal Gold, Inc.		731		86,835
United States Steel Corp.		2,608		79,883
Worthington Industries, Inc.		336		20,308
				670,839
Mortgage Real Estate Investment Trusts (REITs) - 0.4%
Annaly Capital Management, Inc.		5,209		107,717
Multiline Retail - 0.5%
Kohl’s Corp.		1,301		36,480
Macy’s, Inc.		3,017		61,728
Nordstrom, Inc.		1,242		24,194
Ollie’s Bargain Outlet Holdings, Inc.*		647		37,228
				159,630
Multi-Utilities - 0.3%
Black Hills Corp.		725		44,522
NorthWestern Corp.		643		37,153
				81,675
Oil, Gas & Consumable Fuels - 2.3%
Antero Midstream Corp.		3,731		39,325
Antero Resources Corp.*		3,074		80,539
CNX Resources Corp.*		2,011		30,869
DT Midstream, Inc.		1,077		54,065
Equitrans Midstream Corp.		4,817		29,046
HF Sinclair Corp.		1,499		74,530
Matador Resources Co.		1,246		67,022
Murphy Oil Corp.		1,626		63,447
PBF Energy, Inc., Class A		1,272		55,599
PDC Energy, Inc.		1,027		68,922
Range Resources Corp.		2,690		72,469
Southwestern Energy Co.*		12,284		65,105
				700,938
Paper & Forest Products - 0.2%
Louisiana-Pacific Corp.		798		46,691
Personal Products - 0.3%
BellRing Brands, Inc.*		1,507		46,536
Coty, Inc., Class A*		4,070		45,991
				92,527
Pharmaceuticals - 0.5%
Jazz Pharmaceuticals plc*		699		98,139
Perrigo Co. plc		1,501		56,573
				154,712
Professional Services - 1.5%
ASGN, Inc.*		554		49,195
CACI International, Inc., Class A*		263		77,059
FTI Consulting, Inc.*		381		69,993
Insperity, Inc.		397		49,264
KBR, Inc.		1,528		84,208
ManpowerGroup, Inc.		562		47,703
Science Applications International Corp.		613		65,370
				442,792
Real Estate Management & Development - 0.3%
Jones Lang LaSalle, Inc.*		530		92,464
Road & Rail - 1.5%
Avis Budget Group, Inc.*		278		61,065
Knight-Swift Transportation Holdings, Inc.		1,788		101,630
Landstar System, Inc.		400		72,316
Ryder System, Inc.		558		54,634
Saia, Inc.*		293		79,365
Werner Enterprises, Inc.		653		30,332
XPO, Inc.*		1,281		42,734
				442,076
Semiconductors & Semiconductor Equipment - 2.4%
Allegro MicroSystems, Inc.*		724		31,624
Amkor Technology, Inc.		1,119		28,826
Cirrus Logic, Inc.*		612		62,883
Lattice Semiconductor Corp.*		1,523		129,394
MACOM Technology Solutions Holdings, Inc.*		569		38,999
MKS Instruments, Inc.		639		61,938
Power Integrations, Inc.		639		52,558
Silicon Laboratories, Inc.*		371		66,235
SiTime Corp.*		177		21,975
Synaptics, Inc.*		443		52,101
Universal Display Corp.		487		66,159
Wolfspeed, Inc.*		1,382		102,240
				714,932
Software - 2.7%
ACI Worldwide, Inc.*		1,249		32,287
Aspen Technology, Inc.*(b)		324		68,691
Blackbaud, Inc.*		495		27,566
CommVault Systems, Inc.*		494		29,087
Dynatrace, Inc.*		2,404		102,242
Envestnet, Inc.*		617		38,569
Fair Isaac Corp.*		279		188,992
Manhattan Associates, Inc.*		693		99,619
NCR Corp.*		1,530		39,061
Paylocity Holding Corp.*		458		88,215
Qualys, Inc.*		382		45,133

UltraPro MidCap400

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Teradata Corp.*		1,134		46,222
				805,684
Specialty Retail - 2.4%
AutoNation, Inc.*		381		52,010
Dick’s Sporting Goods, Inc.		620		79,751
Five Below, Inc.*		619		126,462
Foot Locker, Inc.		883		38,605
GameStop Corp., Class A*(b)		2,815		54,132
Gap, Inc. (The)		2,350		30,573
Lithia Motors, Inc., Class A		305		77,830
Murphy USA, Inc.		231		58,926
RH*		215		64,291
Victoria’s Secret & Co.*		903		35,795
Williams-Sonoma, Inc.		742		92,691
				711,066
Technology Hardware, Storage & Peripherals - 0.2%
Super Micro Computer, Inc.*		516		50,553
Xerox Holdings Corp.		1,249		20,596
				71,149
Textiles, Apparel & Luxury Goods - 1.8%
Capri Holdings Ltd.*		1,433		71,034
Carter’s, Inc.		425		32,041
Columbia Sportswear Co.		393		34,270
Crocs, Inc.*		688		83,736
Deckers Outdoor Corp.*		293		121,991
Hanesbrands, Inc.		3,886		22,072
PVH Corp.		726		58,254
Skechers USA, Inc., Class A*		1,495		66,542
Under Armour, Inc., Class A*		2,102		20,873
Under Armour, Inc., Class C*		2,194		19,307
				530,120
Thrifts & Mortgage Finance - 0.5%
Essent Group Ltd.		1,196		51,368
MGIC Investment Corp.		3,308		45,518
New York Community Bancorp, Inc.		7,571		67,231
				164,117
Trading Companies & Distributors - 0.9%
GATX Corp.		391		42,654
MSC Industrial Direct Co., Inc., Class A		527		44,542
Univar Solutions, Inc.*		1,816		63,106
Watsco, Inc.(b)		371		113,048
				263,350
Water Utilities - 0.4%
Essential Utilities, Inc.		2,655		113,581
TOTAL COMMON STOCKS (Cost $25,286,991)				24,472,262
SECURITIES LENDING REINVESTMENTS(c) - 0.1%
INVESTMENT COMPANIES - 0.1%
BlackRock Liquidity FedFund, Institutional Class 4.42% (Cost $44,713)		44,713		44,713

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 3.3%
REPURCHASE AGREEMENTS(d) - 3.3%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $984,855
(Cost $984,733)		984,733		984,733
Total Investments - 84.9% (Cost $26,316,437)				25,501,708
Other assets less liabilities - 15.1%				4,526,814
Net Assets - 100.0%				30,028,522

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $3,258,080.
(b)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $108,047, collateralized in the form of cash with a value of $44,713 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Portfolio Investments and $65,374 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.13% – 4.38%, and maturity dates ranging from March 15, 2023 – February 15, 2052. The total value of collateral is $110,087.
(c)	The security was purchased with cash collateral held from securities on loan at February 28, 2023. The total value of securities purchased was $44,713.
(d)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

UltraPro MidCap400

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Purchased

UltraPro MidCap400 had the following open long futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
S&P Midcap 400 E-Mini Index		11	3/17/2023	USD	$	2,863,520	$	158,307

Swap Agreements

UltraPro MidCap400 had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	9,342,217	4/8/2024	Bank of America NA		4.97	%	S&P MidCap 400®		254,011
	5,890,903	4/8/2024	BNP Paribas SA		5.02	%	S&P MidCap 400®		(192,249	)
	9,708,936	4/10/2023	Citibank NA		4.97	%	S&P MidCap 400®		(694,301	)
	9,679,068	3/7/2023	Goldman Sachs International		5.07	%	S&P MidCap 400®		(1,107,831	)
	4,525,461	4/8/2024	Morgan Stanley & Co. International plc		5.12	%	S&P MidCap 400®		1,121,317
	12,712,906	4/8/2024	Societe Generale		4.84	%	S&P MidCap 400®		(28,231	)
	10,894,919	4/8/2024	UBS AG		4.92	%	S&P MidCap 400®		906,270
	62,754,410								258,986
							Total Unrealized Appreciation		2,281,598
							Total Unrealized Depreciation		(2,022,612	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

UltraPro QQQ

Schedule of Portfolio Investments 

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 58.2%
Automobiles - 2.6%
Lucid Group, Inc.*(b)		915,996		8,363,044
Rivian Automotive, Inc., Class A*		498,144		9,614,179
Tesla, Inc.*		1,327,828		273,147,498
				291,124,721
Beverages - 1.7%
Keurig Dr Pepper, Inc.		772,449		26,688,113
Monster Beverage Corp.*		284,505		28,951,229
PepsiCo, Inc.		751,274		130,368,577
				186,007,919
Biotechnology - 2.5%
Amgen, Inc.		290,377		67,268,736
Biogen, Inc.*		78,681		21,232,855
Gilead Sciences, Inc.		684,012		55,083,486
Moderna, Inc.*		209,971		29,146,074
Regeneron Pharmaceuticals, Inc.*		58,292		44,326,403
Seagen, Inc.*		101,364		18,214,097
Vertex Pharmaceuticals, Inc.*		139,839		40,593,863
				275,865,514
Commercial Services & Supplies - 0.4%
Cintas Corp.		55,697		24,421,464
Copart, Inc.*		259,649		18,294,868
				42,716,332
Communications Equipment - 1.0%
Cisco Systems, Inc.		2,242,840		108,598,313
Electric Utilities - 0.7%
American Electric Power Co., Inc.		280,841		24,705,583
Constellation Energy Corp.		178,708		13,383,442
Exelon Corp.		541,916		21,887,987
Xcel Energy, Inc.		298,255		19,258,326
				79,235,338
Energy Equipment & Services - 0.1%
Baker Hughes Co.		546,453		16,721,462
Entertainment - 1.3%
Activision Blizzard, Inc.		426,791		32,542,814
Electronic Arts, Inc.		150,561		16,703,237
Netflix, Inc.*		243,384		78,401,288
Warner Bros Discovery, Inc.*		1,325,312		20,701,373
				148,348,712
Food & Staples Retailing - 1.2%
Costco Wholesale Corp.		241,881		117,113,943
Walgreens Boots Alliance, Inc.		471,700		16,759,501
				133,873,444
Food Products - 0.7%
Kraft Heinz Co. (The)		667,909		26,008,376
Mondelez International, Inc., Class A		745,633		48,600,359
				74,608,735
Health Care Equipment & Supplies - 0.9%
Align Technology, Inc.*		43,097		13,338,521
Dexcom, Inc.*		211,155		23,440,317
IDEXX Laboratories, Inc.*		44,772		21,187,901
Intuitive Surgical, Inc.*		192,928		44,255,754
				102,222,493
Hotels, Restaurants & Leisure - 1.5%
Airbnb, Inc., Class A*		217,835		26,854,699
Booking Holdings, Inc.*		21,163		53,415,412
Marriott International, Inc., Class A		173,481		29,359,924
Starbucks Corp.		626,088		63,917,324
				173,547,359
Industrial Conglomerates - 0.6%
Honeywell International, Inc.		366,368		70,152,145
Interactive Media & Services - 6.0%
Alphabet, Inc., Class A*		2,559,376		230,497,403
Alphabet, Inc., Class C*		2,559,829		231,152,559
Meta Platforms, Inc., Class A*		1,227,059		214,661,701
				676,311,663
Internet & Direct Marketing Retail - 4.3%
Amazon.com, Inc.*		4,289,633		404,212,118
eBay, Inc.		296,410		13,605,219
JD.com, Inc., ADR		264,116		11,737,315
MercadoLibre, Inc.*		27,530		33,586,600
PDD Holdings, Inc., ADR*		255,389		22,405,277
				485,546,529
IT Services - 1.6%
Automatic Data Processing, Inc.		226,394		49,765,929
Cognizant Technology Solutions Corp., Class A		280,920		17,594,020
Fiserv, Inc.*		347,061		39,943,251
Paychex, Inc.		196,628		21,707,731
PayPal Holdings, Inc.*		621,034		45,708,102
				174,719,033
Life Sciences Tools & Services - 0.1%
Illumina, Inc.*		85,686		17,068,651
Machinery - 0.2%
PACCAR, Inc.		284,783		20,561,333
Media - 1.1%
Charter Communications, Inc., Class A*		85,160		31,305,667
Comcast Corp., Class A		2,354,217		87,506,246
Sirius XM Holdings, Inc.(b)		2,122,666		9,318,504
				128,130,417
Multiline Retail - 0.2%
Dollar Tree, Inc.*		120,966		17,573,940
Oil, Gas & Consumable Fuels - 0.1%
Diamondback Energy, Inc.		96,018		13,498,210
Pharmaceuticals - 0.2%
AstraZeneca plc, ADR		333,197		21,717,780
Professional Services - 0.3%
CoStar Group, Inc.*		222,481		15,720,507
Verisk Analytics, Inc.		85,170		14,573,439
				30,293,946
Road & Rail - 0.5%
CSX Corp.		1,147,455		34,985,903
Old Dominion Freight Line, Inc.		59,587		20,215,486
				55,201,389
Semiconductors & Semiconductor Equipment - 9.5%
Advanced Micro Devices, Inc.*		879,195		69,087,143
Analog Devices, Inc.		277,842		50,975,672
Applied Materials, Inc.		469,214		54,499,206
ASML Holding NV (Registered), NYRS		48,020		29,663,395
Broadcom, Inc.		220,191		130,857,309
Enphase Energy, Inc.*		74,507		15,685,959
GLOBALFOUNDRIES, Inc.*(b)		296,362		19,364,293
Intel Corp.		2,252,643		56,158,390
KLA Corp.		77,733		29,490,346

UltraPro QQQ

Schedule of Portfolio Investments 

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Lam Research Corp.		74,833		36,369,586
Marvell Technology, Inc.		465,189		21,003,283
Microchip Technology, Inc.		300,589		24,356,727
Micron Technology, Inc.		592,809		34,276,216
NVIDIA Corp.		1,343,609		311,932,265
NXP Semiconductors NV		141,456		25,247,067
QUALCOMM, Inc.		611,306		75,514,630
Texas Instruments, Inc.		494,968		84,862,264
				1,069,343,751
Software - 10.3%
Adobe, Inc.*		253,700		82,186,115
ANSYS, Inc.*		47,503		14,422,386
Atlassian Corp., Class A*		80,680		13,258,144
Autodesk, Inc.*		117,681		23,382,038
Cadence Design Systems, Inc.*		149,797		28,901,833
Crowdstrike Holdings, Inc., Class A*		119,601		14,434,645
Datadog, Inc., Class A*		159,608		12,213,204
Fortinet, Inc.*		425,939		25,317,814
Intuit, Inc.		153,107		62,342,108
Microsoft Corp.		3,123,102		778,964,101
Palo Alto Networks, Inc.*		165,117		31,103,089
Synopsys, Inc.*		84,192		30,625,682
Workday, Inc., Class A*		110,487		20,492,024
Zoom Video Communications, Inc., Class A*		133,736		9,975,368
Zscaler, Inc.*		78,830		10,338,555
				1,157,957,106
Specialty Retail - 0.4%
O’Reilly Automotive, Inc.*		33,437		27,756,054
Ross Stores, Inc.		188,677		20,856,355
				48,612,409
Technology Hardware, Storage & Peripherals - 7.0%
Apple, Inc.		5,380,510		793,140,979
Textiles, Apparel & Luxury Goods - 0.2%
Lululemon Athletica, Inc.*		66,585		20,588,082
Trading Companies & Distributors - 0.1%
Fastenal Co.		312,127		16,093,268
Wireless Telecommunication Services - 0.9%
T-Mobile US, Inc.*		679,231		96,573,064
TOTAL COMMON STOCKS (Cost $7,477,034,917)				6,545,954,037
SECURITIES LENDING REINVESTMENTS(c) - 0.3%
INVESTMENT COMPANIES - 0.3%
BlackRock Liquidity FedFund, Institutional Class 4.42% (Cost $34,485,877)		34,485,877		34,485,877

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 70.6%
REPURCHASE AGREEMENTS(d) - 7.6%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $855,513,890
(Cost $855,407,706)		855,407,706		855,407,706
U.S. TREASURY OBLIGATIONS - 63.0%
U.S. Treasury Bills
3.31%, 3/2/2023(e)		700,000,000		699,915,062
4.53%, 3/7/2023(e)		300,000,000		299,779,488
4.20%, 3/9/2023(e)		460,000,000		459,541,661
4.19%, 3/14/2023(e)		600,000,000		599,028,972
3.93%, 3/16/2023(e)		700,000,000		698,692,603
4.46%, 3/21/2023(e)		150,000,000		149,626,229
3.84%, 3/23/2023(e)		500,000,000		498,678,855
4.23%, 3/30/2023(e)		250,000,000		249,122,447
4.50%, 4/4/2023(e)		200,000,000		199,143,086
4.15%, 4/6/2023(e)		175,000,000		174,227,550
3.71%, 4/20/2023(e)		1,125,000,000		1,117,837,496
4.62%, 5/9/2023(e)		100,000,000		99,115,778
4.42%, 5/18/2023(e)		500,000,000		494,954,375
4.59%, 6/8/2023(e)		200,000,000		197,439,062
4.64%, 6/15/2023(e)		250,000,000		246,554,815
4.84%, 6/20/2023(e)		200,000,000		197,058,500
4.90%, 6/27/2023(e)		50,000,000		49,210,466
4.70%, 7/13/2023(e)		375,000,000		368,376,772
5.03%, 8/24/2023(e)		200,000,000		195,222,740
4.68%, 9/7/2023(e)		100,000,000		97,543,722
TOTAL U.S. TREASURY OBLIGATIONS (Cost $7,093,907,059)				7,091,069,679
TOTAL SHORT-TERM INVESTMENTS (Cost $7,949,314,765)				7,946,477,385
Total Investments - 129.1% (Cost $15,460,835,559)				14,526,917,299
Liabilities in excess of other assets - (29.1%)				(3,278,780,271	)
Net Assets - 100.0%				11,248,137,028

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $6,451,362,549.
(b)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $33,634,714, collateralized in the form of cash with a value of $34,485,877 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Portfolio Investments.
(c)	The security was purchased with cash collateral held from securities on loan at February 28, 2023. The total value of securities purchased was $34,485,877.
(d)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(e)	The rate shown was the current yield as of February 28, 2023.

Abbreviations
ADR	American Depositary Receipt
NYRS	New York Registry Shares

UltraPro QQQ

Schedule of Portfolio Investments 

February 28, 2023 (Unaudited)

Futures Contracts Purchased

UltraPro QQQ had the following open long futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
NASDAQ 100 E-Mini Index		4,418	3/17/2023	USD	$	1,066,704,010	$	83,067,790

Swap Agreements

UltraPro QQQ had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	3,381,860,812	11/6/2023	Bank of America NA		5.17	%	NASDAQ-100 Index®		73,580,064
	3,717,811,876	4/17/2023	Barclays Capital		5.17	%	NASDAQ-100 Index®		(715,554,059	)
	3,391,554,719	5/8/2023	BNP Paribas SA		5.22	%	NASDAQ-100 Index®		(1,767,560,407	)
	2,523,185,404	5/6/2024	Citibank NA		5.23	%	NASDAQ-100 Index®		(136,092,025	)
	4,399,516,289	4/8/2024	Goldman Sachs International		5.27	%	NASDAQ-100 Index®		(49,503,134	)
	1,729,922,791	5/8/2023	J.P. Morgan Securities		4.97	%	NASDAQ-100 Index®		(1,039,017,545	)
	1,783,943,741	4/8/2024	Morgan Stanley & Co. International plc		5.12	%	NASDAQ-100 Index®		(20,050,337	)
	2,305,512,042	11/6/2023	Societe Generale		5.42	%	NASDAQ-100 Index®		(419,442,039	)
	2,900,513,192	3/6/2024	UBS AG		5.37	%	NASDAQ-100 Index®		263,524,439
	26,133,820,866								(3,810,115,043	)
							Total Unrealized Appreciation		337,104,503
							Total Unrealized Depreciation		(4,147,219,546	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

UltraPro Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 84.3%
Aerospace & Defense - 0.9%
AAR Corp.*		2,423		131,787
Aerojet Rocketdyne Holdings, Inc.*		5,684		320,236
AeroVironment, Inc.*		1,766		151,417
AerSale Corp.*		1,492		29,631
Archer Aviation, Inc., Class A*		10,387		30,642
Astra Space, Inc.*(b)		11,070		6,310
Astronics Corp.*		1,812		27,615
Cadre Holdings, Inc.(b)		1,364		29,299
Ducommun, Inc.*		794		42,717
Kaman Corp.		2,010		52,260
Kratos Defense & Security Solutions, Inc.*		8,853		111,990
Maxar Technologies, Inc.		5,268		271,302
Momentus, Inc.*(b)		4,020		3,317
Moog, Inc., Class A		2,051		202,270
National Presto Industries, Inc.		368		25,256
Park Aerospace Corp.		1,403		23,037
Parsons Corp.*		2,412		108,612
Redwire Corp.*(b)		1,412		5,479
Rocket Lab USA, Inc.*		15,447		69,511
Terran Orbital Corp.*(b)		2,948		7,842
Triumph Group, Inc.*		4,587		57,888
V2X, Inc.*		862		39,971
Virgin Galactic Holdings, Inc.*(b)		17,359		99,641
				1,848,030
Air Freight & Logistics - 0.3%
Air Transport Services Group, Inc.*		4,141		86,671
Atlas Air Worldwide Holdings, Inc.*		2,009		202,527
Forward Air Corp.		1,926		198,783
Hub Group, Inc., Class A*		2,311		211,988
Radiant Logistics, Inc.*		2,656		15,086
				715,055
Airlines - 0.3%
Allegiant Travel Co.*		1,129		115,779
Blade Air Mobility, Inc.*(b)		4,066		18,907
Frontier Group Holdings, Inc.*		2,671		31,411
Hawaiian Holdings, Inc.*		3,627		40,623
Joby Aviation, Inc.*(b)		18,456		86,743
SkyWest, Inc.*		3,575		68,175
Spirit Airlines, Inc.		7,816		143,189
Sun Country Airlines Holdings, Inc.*		2,372		47,559
Wheels Up Experience, Inc.*		11,556		12,827
				565,213
Auto Components - 1.2%
Adient plc*		6,800		290,496
American Axle & Manufacturing Holdings, Inc.*		8,096		71,245
Dana, Inc.		9,250		146,520
Dorman Products, Inc.*		1,888		175,641
Fox Factory Holding Corp.*		3,038		356,965
Gentherm, Inc.*		2,374		150,773
Goodyear Tire & Rubber Co. (The)*		20,100		228,336
Holley, Inc.*(b)		3,685		8,033
LCI Industries		1,780		200,802
Luminar Technologies, Inc.*(b)		17,991		161,019
Modine Manufacturing Co.*		3,565		87,022
Motorcar Parts of America, Inc.*		1,359		17,789
Patrick Industries, Inc.		1,548		112,772
Solid Power, Inc.*(b)		9,496		32,096
Standard Motor Products, Inc.		1,445		56,312
Stoneridge, Inc.*		1,888		44,953
Visteon Corp.*		1,993		332,911
XPEL, Inc.*(c)		1,541		102,954
				2,576,639
Automobiles - 0.1%
Canoo, Inc.*(b)		12,024		9,000
Cenntro Electric Group Ltd.*(b)		13,187		7,142
Faraday Future Intelligent Electric, Inc.*(b)		14,859		7,905
Fisker, Inc.*(b)		12,683		94,235
Lordstown Motors Corp.*(b)		12,631		13,136
Mullen Automotive, Inc.*(b)		23,663		5,490
Winnebago Industries, Inc.		2,134		135,637
Workhorse Group, Inc.*(b)		10,933		22,522
				295,067
Banks - 7.9%
1st Source Corp.		1,156		57,592
ACNB Corp.		595		22,039
Amalgamated Financial Corp.		1,265		29,791
Amerant Bancorp, Inc.		1,987		56,431
American National Bankshares, Inc.		744		25,036
Ameris Bancorp		4,743		227,047
Arrow Financial Corp.		1,014		30,907
Associated Banc-Corp.		10,691		247,497
Atlantic Union Bankshares Corp.		5,365		200,973
Banc of California, Inc.		3,775		66,251
BancFirst Corp.		1,408		127,072
Bancorp, Inc. (The)*		3,911		135,281
Bank First Corp.(b)		554		45,168
Bank of Marin Bancorp		1,123		32,567
Bank of NT Butterfield & Son Ltd. (The)		3,562		128,766
BankUnited, Inc.		5,576		197,502
Bankwell Financial Group, Inc.		403		12,163
Banner Corp.		2,448		154,175
Bar Harbor Bankshares		1,058		31,602
BayCom Corp.		877		18,005
BCB Bancorp, Inc.		1,029		17,853
Berkshire Hills Bancorp, Inc.		3,111		90,406
Blue Ridge Bankshares, Inc.		1,218		14,908
Brookline Bancorp, Inc.		5,382		69,751
Business First Bancshares, Inc.		1,688		35,178
Byline Bancorp, Inc.		1,760		43,384
Cadence Bank		12,994		345,121
Cambridge Bancorp		489		38,890
Camden National Corp.		1,030		42,384
Capital Bancorp, Inc.		644		13,080
Capital City Bank Group, Inc.		970		34,600
Capstar Financial Holdings, Inc.		1,458		25,223
Carter Bankshares, Inc.*		1,709		29,685
Cathay General Bancorp		5,158		221,381
Central Pacific Financial Corp.		1,915		42,953
Citizens & Northern Corp.		1,080		24,300
City Holding Co.(b)		1,053		103,405
Civista Bancshares, Inc.		1,102		23,506
CNB Financial Corp.		1,446		34,473
Coastal Financial Corp.*		748		34,520
Colony Bankcorp, Inc.		1,170		14,707
Community Bank System, Inc.		3,827		233,638

UltraPro Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Community Trust Bancorp, Inc.		1,124		48,051
ConnectOne Bancorp, Inc.		2,659		64,481
CrossFirst Bankshares, Inc.*		3,196		45,223
Customers Bancorp, Inc.*		2,187		67,360
CVB Financial Corp.(b)		9,552		228,579
Dime Community Bancshares, Inc.		2,337		71,606
Eagle Bancorp, Inc.		2,269		99,405
Eastern Bankshares, Inc.		11,173		175,193
Enterprise Bancorp, Inc.		668		23,641
Enterprise Financial Services Corp.		2,528		137,675
Equity Bancshares, Inc., Class A		1,088		32,705
Esquire Financial Holdings, Inc.		495		22,765
Farmers & Merchants Bancorp, Inc.		903		23,388
Farmers National Banc Corp.		2,252		32,091
FB Financial Corp.		2,561		96,524
Financial Institutions, Inc.		1,082		27,007
First Bancorp		2,529		104,928
First Bancorp		13,050		189,355
First Bancorp, Inc. (The)		696		20,379
First Bancshares, Inc. (The)		1,500		46,965
First Bank		1,111		15,143
First Busey Corp.		3,696		89,221
First Business Financial Services, Inc.		575		20,366
First Commonwealth Financial Corp.		6,691		107,123
First Community Bankshares, Inc.		1,132		35,341
First Financial Bancorp		6,677		164,521
First Financial Bankshares, Inc.(b)		9,311		341,527
First Financial Corp.		796		34,984
First Foundation, Inc.		3,664		55,216
First Guaranty Bancshares, Inc.		436		8,942
First Internet Bancorp		622		16,800
First Interstate BancSystem, Inc., Class A		6,400		227,456
First Merchants Corp.		4,101		167,813
First Mid Bancshares, Inc.		1,336		41,403
First of Long Island Corp. (The)		1,578		26,858
First Western Financial, Inc.*		565		14,617
Five Star Bancorp		902		24,643
Flushing Financial Corp.		2,037		39,640
Fulton Financial Corp.		11,617		199,812
FVCBankcorp, Inc.*		1,068		14,471
German American Bancorp, Inc.		1,983		77,932
Glacier Bancorp, Inc.		7,964		377,334
Great Southern Bancorp, Inc.		668		38,871
Guaranty Bancshares, Inc.		583		18,195
Hancock Whitney Corp.		6,176		303,365
Hanmi Financial Corp.		2,168		51,208
HarborOne Bancorp, Inc.		3,137		42,883
HBT Financial, Inc.		729		16,563
Heartland Financial USA, Inc.		2,944		145,551
Heritage Commerce Corp.		4,209		50,971
Heritage Financial Corp.		2,478		69,062
Hilltop Holdings, Inc.		3,570		118,417
Home BancShares, Inc.		13,469		324,603
HomeStreet, Inc.		1,288		32,496
HomeTrust Bancshares, Inc.		1,018		29,797
Hope Bancorp, Inc.		8,304		106,374
Horizon Bancorp, Inc.		2,887		43,940
Independent Bank Corp.		1,443		31,818
Independent Bank Corp.		3,282		261,510
Independent Bank Group, Inc.		2,565		150,976
International Bancshares Corp.		3,838		186,258
John Marshall Bancorp, Inc.		826		21,980
Lakeland Bancorp, Inc.		4,459		85,836
Lakeland Financial Corp.		1,758		125,908
Live Oak Bancshares, Inc.		2,345		81,043
Macatawa Bank Corp.		1,883		20,544
Mercantile Bank Corp.		1,104		38,187
Metrocity Bankshares, Inc.		1,339		27,008
Metropolitan Bank Holding Corp.*		737		41,132
Mid Penn Bancorp, Inc.		1,027		31,426
Midland States Bancorp, Inc.		1,518		39,529
MidWestOne Financial Group, Inc.		1,012		30,400
MVB Financial Corp.		733		20,004
National Bank Holdings Corp., Class A		2,093		84,746
NBT Bancorp, Inc.		2,996		121,608
Nicolet Bankshares, Inc.*		880		65,525
Northeast Bank		467		20,585
Northwest Bancshares, Inc.		8,706		120,317
OceanFirst Financial Corp.		4,159		98,651
OFG Bancorp		3,336		101,481
Old National Bancorp		21,011		371,264
Old Second Bancorp, Inc.		3,034		50,304
Origin Bancorp, Inc.		1,610		61,035
Orrstown Financial Services, Inc.		733		16,859
Pacific Premier Bancorp, Inc.		6,717		217,765
Park National Corp.		1,027		131,220
Parke Bancorp, Inc.		724		14,777
Pathward Financial, Inc.		2,058		104,979
PCB Bancorp		824		15,046
Peapack-Gladstone Financial Corp.		1,225		45,509
Peoples Bancorp, Inc.		1,993		62,002
Peoples Financial Services Corp.		501		24,825
Preferred Bank		954		67,162
Premier Financial Corp.		2,537		62,968
Primis Financial Corp.		1,586		18,572
QCR Holdings, Inc.		1,134		60,658
RBB Bancorp		1,047		20,689
Red River Bancshares, Inc.		313		15,841
Renasant Corp.		3,920		141,042
Republic Bancorp, Inc., Class A		625		27,813
Republic First Bancorp, Inc.*		4,032		8,064
S&T Bancorp, Inc.		2,797		104,216
Sandy Spring Bancorp, Inc.		3,132		103,199
Seacoast Banking Corp. of Florida		5,165		157,584
ServisFirst Bancshares, Inc.		3,594		265,776
Shore Bancshares, Inc.		1,275		21,751
Sierra Bancorp		985		19,907
Silvergate Capital Corp., Class A*(b)		2,247		31,256
Simmons First National Corp., Class A		8,714		193,712
SmartFinancial, Inc.		1,112		30,358
South Plains Financial, Inc.		699		18,377
Southern First Bancshares, Inc.*		544		21,896
Southside Bancshares, Inc.		2,191		83,674
SouthState Corp.		5,371		433,332
Stellar Bancorp, Inc.		3,208		93,834
Stock Yards Bancorp, Inc.		2,051		120,045
Summit Financial Group, Inc.		805		20,503
Texas Capital Bancshares, Inc.*		3,582		237,236
Third Coast Bancshares, Inc.*		915		16,882
Tompkins Financial Corp.		993		74,266
Towne Bank		4,825		146,342
TriCo Bancshares		2,236		112,940

UltraPro Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Triumph Financial, Inc.*		1,672		101,741
Trustmark Corp.		4,390		129,066
UMB Financial Corp.		3,152		285,760
United Bankshares, Inc.		9,354		381,363
United Community Banks, Inc.		7,616		252,166
Unity Bancorp, Inc.		504		13,311
Univest Financial Corp.		2,066		58,261
USCB Financial Holdings, Inc.*		773		9,825
Valley National Bancorp		30,861		357,370
Veritex Holdings, Inc.		3,757		100,162
Washington Federal, Inc.		4,643		162,830
Washington Trust Bancorp, Inc.		1,224		51,408
WesBanco, Inc.		4,104		148,360
West Bancorp, Inc.		1,163		24,493
Westamerica Bancorp		1,868		102,964
				16,261,023
Beverages - 0.5%
Celsius Holdings, Inc.*		3,980		361,384
Coca-Cola Consolidated, Inc.		336		187,102
Duckhorn Portfolio, Inc. (The)*		3,007		45,857
MGP Ingredients, Inc.		1,004		101,846
National Beverage Corp.*		1,693		78,978
Primo Water Corp.		11,288		174,738
Vintage Wine Estates, Inc.*(b)		2,322		3,553
Vita Coco Co., Inc. (The)*		1,998		33,786
				987,244
Biotechnology - 5.8%
2seventy bio, Inc.*		2,678		36,126
4D Molecular Therapeutics, Inc.*		2,150		41,366
Aadi Bioscience, Inc.*		1,037		11,169
Absci Corp.*		3,743		7,935
ACADIA Pharmaceuticals, Inc.*		8,610		178,141
Adicet Bio, Inc.*		2,172		17,115
ADMA Biologics, Inc.*		13,311		47,254
Aerovate Therapeutics, Inc.*		656		16,118
Affimed NV*		10,426		9,479
Agenus, Inc.*		21,821		44,951
Agios Pharmaceuticals, Inc.*		3,909		98,937
Akero Therapeutics, Inc.*		2,496		113,593
Alector, Inc.*		4,453		38,029
Alkermes plc*		11,679		312,296
Allogene Therapeutics, Inc.*		5,707		36,239
Allovir, Inc.*		2,226		15,026
Alpine Immune Sciences, Inc.*		1,622		12,927
ALX Oncology Holdings, Inc.*		1,535		10,162
Amicus Therapeutics, Inc.*		19,752		260,529
AnaptysBio, Inc.*		1,451		36,130
Anavex Life Sciences Corp.*(b)		4,951		47,134
Anika Therapeutics, Inc.*		1,044		33,095
Apellis Pharmaceuticals, Inc.*		6,718		439,895
Arbutus Biopharma Corp.*		8,139		22,626
Arcellx, Inc.*		2,117		59,297
Arcturus Therapeutics Holdings, Inc.*		1,655		26,894
Arcus Biosciences, Inc.*		3,681		67,031
Arcutis Biotherapeutics, Inc.*		2,971		48,071
Arrowhead Pharmaceuticals, Inc.*		7,373		238,148
Atara Biotherapeutics, Inc.*		6,643		26,904
Aura Biosciences, Inc.*		1,313		13,117
Aurinia Pharmaceuticals, Inc.*		9,610		87,355
Avid Bioservices, Inc.*		4,376		72,029
Avidity Biosciences, Inc.*		3,833		90,842
Beam Therapeutics, Inc.*		4,552		183,173
BioCryst Pharmaceuticals, Inc.*		13,286		117,581
Biohaven Ltd.*		4,530		69,218
Bioxcel Therapeutics, Inc.*(b)		1,369		43,699
Bluebird Bio, Inc.*		5,946		30,919
Blueprint Medicines Corp.*		4,280		181,344
Bridgebio Pharma, Inc.*		7,584		86,609
C4 Therapeutics, Inc.*		3,012		15,873
CareDx, Inc.*		3,649		61,376
Caribou Biosciences, Inc.*		4,018		24,470
Catalyst Pharmaceuticals, Inc.*		6,948		106,027
Celldex Therapeutics, Inc.*		3,282		140,437
Celularity, Inc., Class A*(b)		4,550		3,121
Century Therapeutics, Inc.*(b)		1,442		6,503
Cerevel Therapeutics Holdings, Inc.*		4,103		109,509
Chimerix, Inc.*		6,032		9,531
Chinook Therapeutics, Inc.*		3,632		79,250
Cogent Biosciences, Inc.*		4,587		60,686
Coherus Biosciences, Inc.*		5,275		35,712
Crinetics Pharmaceuticals, Inc.*		3,768		74,004
CTI BioPharma Corp.*(b)		7,172		39,159
Cullinan Oncology, Inc.*		2,176		24,567
Cytokinetics, Inc.*		5,881		255,000
Day One Biopharmaceuticals, Inc.*		1,983		36,527
Deciphera Pharmaceuticals, Inc.*		3,294		47,763
Denali Therapeutics, Inc.*		7,797		211,689
Design Therapeutics, Inc.*		2,427		17,159
Dynavax Technologies Corp.*		8,560		88,168
Dyne Therapeutics, Inc.*		2,267		29,199
Eagle Pharmaceuticals, Inc.*		732		20,496
Editas Medicine, Inc.*		4,946		44,712
Eiger BioPharmaceuticals, Inc.*		2,986		5,614
Emergent BioSolutions, Inc.*		3,607		44,655
Enanta Pharmaceuticals, Inc.*		1,402		67,997
Enochian Biosciences, Inc.*(b)		1,415		1,457
EQRx, Inc.*		14,401		32,546
Erasca, Inc.*(b)		4,645		16,722
Fate Therapeutics, Inc.*		5,953		36,432
FibroGen, Inc.*		6,264		139,061
Foghorn Therapeutics, Inc.*(b)		1,439		8,245
Gelesis Holdings, Inc.*		1,282		346
Generation Bio Co.*		3,444		13,638
Geron Corp.*		26,019		72,333
Gossamer Bio, Inc.*(b)		4,513		7,808
GreenLight Biosciences Holdings PBC*		6,402		3,073
Halozyme Therapeutics, Inc.*		9,541		457,873
Heron Therapeutics, Inc.*(b)		7,373		17,474
HilleVax, Inc.*(b)		1,251		21,079
Humacyte, Inc.*(b)		4,212		12,889
Icosavax, Inc.*(b)		1,591		13,014
Ideaya Biosciences, Inc.*		3,171		55,968
IGM Biosciences, Inc.*		758		15,933
ImmunityBio, Inc.*(b)		5,866		14,313
ImmunoGen, Inc.*		15,380		59,674
Immunovant, Inc.*		3,186		55,659
Inhibrx, Inc.*		2,333		56,132
Inovio Pharmaceuticals, Inc.*(b)		17,709		22,313
Insmed, Inc.*		9,682		197,319
Instil Bio, Inc.*		4,985		3,874
Intellia Therapeutics, Inc.*		6,088		244,555
Intercept Pharmaceuticals, Inc.*		1,751		35,335
Invivyd, Inc.*		3,680		6,403
Iovance Biotherapeutics, Inc.*		10,800		78,732
Ironwood Pharmaceuticals, Inc.*		9,791		110,345

UltraPro Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
iTeos Therapeutics, Inc.*		1,686		29,859
IVERIC bio, Inc.*		9,637		200,257
Janux Therapeutics, Inc.*		1,229		20,438
Jounce Therapeutics, Inc.*		3,020		3,382
KalVista Pharmaceuticals, Inc.*		1,752		12,842
Karuna Therapeutics, Inc.*		2,166		431,944
Karyopharm Therapeutics, Inc.*		5,577		16,843
Keros Therapeutics, Inc.*		1,376		73,231
Kezar Life Sciences, Inc.*		3,770		23,713
Kiniksa Pharmaceuticals Ltd., Class A*		2,233		28,716
Kinnate Biopharma, Inc.*		2,091		11,041
Kodiak Sciences, Inc.*		2,388		15,522
Kronos Bio, Inc.*		2,914		5,070
Krystal Biotech, Inc.*		1,529		125,240
Kura Oncology, Inc.*		4,654		55,476
Kymera Therapeutics, Inc.*		2,704		84,852
Lexicon Pharmaceuticals, Inc.*		5,967		13,426
Lyell Immunopharma, Inc.*(b)		12,394		26,647
MacroGenics, Inc.*		4,318		26,297
Madrigal Pharmaceuticals, Inc.*		912		247,161
MannKind Corp.*		18,234		96,276
MeiraGTx Holdings plc*		2,164		16,706
Mersana Therapeutics, Inc.*		6,628		40,166
MiMedx Group, Inc.*		8,081		38,870
Mirum Pharmaceuticals, Inc.*		1,319		31,010
Monte Rosa Therapeutics, Inc.*(b)		2,129		12,944
Morphic Holding, Inc.*		1,843		78,364
Myriad Genetics, Inc.*		5,696		107,768
Nkarta, Inc.*		2,347		9,857
Nurix Therapeutics, Inc.*		3,326		31,364
Nuvalent, Inc., Class A*(b)		1,443		43,708
Ocugen, Inc.*(b)		15,563		15,504
Organogenesis Holdings, Inc.*		5,084		12,456
Outlook Therapeutics, Inc.*(b)		8,486		9,250
Pardes Biosciences, Inc.*		2,461		3,470
PepGen, Inc.*(b)		1,077		16,446
PMV Pharmaceuticals, Inc.*		2,638		19,020
Point Biopharma Global, Inc.*(b)		6,122		45,854
Praxis Precision Medicines, Inc.*		2,806		8,600
Precigen, Inc.*		7,232		9,112
Prime Medicine, Inc.*(b)		745		12,240
Prometheus Biosciences, Inc.*		2,493		305,118
Protagonist Therapeutics, Inc.*		3,332		54,045
Prothena Corp. plc*		2,626		146,426
PTC Therapeutics, Inc.*		5,032		219,747
Rallybio Corp.*(b)		1,319		10,381
RAPT Therapeutics, Inc.*		1,884		55,484
Recursion Pharmaceuticals, Inc., Class A*		9,790		79,789
REGENXBIO, Inc.*		2,876		63,991
Relay Therapeutics, Inc.*		6,096		98,450
Replimune Group, Inc.*		2,909		63,707
REVOLUTION Medicines, Inc.*		5,399		144,477
Rigel Pharmaceuticals, Inc.*		12,362		18,667
Rocket Pharmaceuticals, Inc.*		3,850		73,959
Sage Therapeutics, Inc.*		3,731		155,359
Sana Biotechnology, Inc.*(b)		6,367		23,367
Sangamo Therapeutics, Inc.*		9,586		29,237
Seres Therapeutics, Inc.*		5,047		25,487
SpringWorks Therapeutics, Inc.*		2,581		82,334
Stoke Therapeutics, Inc.*		1,609		14,304
Sutro Biopharma, Inc.*		3,862		21,782
Syndax Pharmaceuticals, Inc.*		3,811		96,609
Talaris Therapeutics, Inc.*		1,654		3,209
Tango Therapeutics, Inc.*		3,341		17,473
Tenaya Therapeutics, Inc.*		2,004		6,152
TG Therapeutics, Inc.*		9,534		152,735
Travere Therapeutics, Inc.*		4,407		97,659
Twist Bioscience Corp.*		4,020		78,229
Tyra Biosciences, Inc.*(b)		950		12,550
Vanda Pharmaceuticals, Inc.*		3,953		25,457
Vaxart, Inc.*(b)		9,213		7,181
Vaxcyte, Inc.*		5,135		210,381
VBI Vaccines, Inc.*(b)		13,812		6,630
Vera Therapeutics, Inc.*		1,024		7,608
Veracyte, Inc.*		5,130		126,249
Vericel Corp.*		3,379		102,755
Verve Therapeutics, Inc.*(b)		3,349		63,631
Vir Biotechnology, Inc.*		5,194		118,423
Viridian Therapeutics, Inc.*		2,709		88,747
VistaGen Therapeutics, Inc.*(b)		14,826		2,603
Xencor, Inc.*		4,110		132,054
Y-mAbs Therapeutics, Inc.*		2,629		9,990
Zentalis Pharmaceuticals, Inc.*		3,361		63,624
				12,025,254
Building Products - 1.2%
AAON, Inc.		3,144		285,978
American Woodmark Corp.*		1,181		60,207
Apogee Enterprises, Inc.		1,591		72,804
AZZ, Inc.		1,758		71,463
Caesarstone Ltd.		1,622		9,440
CSW Industrials, Inc.		1,046		148,072
Gibraltar Industries, Inc.*		2,229		119,051
Griffon Corp.		3,301		120,387
Insteel Industries, Inc.		1,341		39,895
Janus International Group, Inc.*		5,848		60,761
JELD-WEN Holding, Inc.*		5,975		78,571
Masonite International Corp.*		1,594		141,547
PGT Innovations, Inc.*		4,140		87,561
Quanex Building Products Corp.		2,372		61,553
Resideo Technologies, Inc.*		10,358		189,966
Simpson Manufacturing Co., Inc.		3,065		330,591
UFP Industries, Inc.		4,284		366,411
View, Inc.*(b)		8,176		5,192
Zurn Elkay Water Solutions Corp.		8,898		204,654
				2,454,104
Capital Markets - 1.4%
Artisan Partners Asset Management, Inc., Class A		4,306		141,969
AssetMark Financial Holdings, Inc.*		1,542		48,265
Associated Capital Group, Inc., Class A		120		4,322
Avantax, Inc.*		3,411		97,520
B Riley Financial, Inc.(b)		1,487		59,153
Bakkt Holdings, Inc.*(b)		4,188		6,114
BGC Partners, Inc., Class A		22,588		109,778
Brightsphere Investment Group, Inc.		2,316		58,062
Cohen & Steers, Inc.		1,822		131,840
Diamond Hill Investment Group, Inc.		205		35,793
Donnelley Financial Solutions, Inc.*		1,816		76,835
Federated Hermes, Inc., Class B		6,115		240,625
Fidus Investment Corp.		1		14

UltraPro Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Focus Financial Partners, Inc., Class A*		4,157		215,582
GCM Grosvenor, Inc., Class A		2,945		24,237
Hamilton Lane, Inc., Class A		2,575		200,335
Houlihan Lokey, Inc.		3,583		342,893
MarketWise, Inc.*		1,221		2,405
Moelis & Co., Class A		4,567		195,605
Open Lending Corp., Class A*		7,557		53,504
Oppenheimer Holdings, Inc., Class A		565		24,911
Perella Weinberg Partners		2,645		26,741
Piper Sandler Cos.		1,244		187,832
PJT Partners, Inc., Class A		1,693		133,544
Sculptor Capital Management, Inc.		1,837		16,478
Silvercrest Asset Management Group, Inc., Class A		691		12,293
StepStone Group, Inc., Class A		3,895		111,397
StoneX Group, Inc.*		1,232		124,222
Value Line, Inc.		67		3,367
Victory Capital Holdings, Inc., Class A		1,180		40,073
Virtus Investment Partners, Inc.		497		104,584
WisdomTree, Inc.		9,759		58,261
				2,888,554
Chemicals - 1.8%
AdvanSix, Inc.		1,911		78,638
American Vanguard Corp.		2,010		41,949
Amyris, Inc.*(b)		14,346		17,932
Aspen Aerogels, Inc.*		2,229		24,185
Avient Corp.		6,522		284,555
Balchem Corp.		2,283		296,790
Cabot Corp.		3,984		316,848
Chase Corp.		541		52,986
Danimer Scientific, Inc.*(b)		6,492		16,749
Diversey Holdings Ltd.*		5,597		33,078
Ecovyst, Inc.*		5,186		52,067
FutureFuel Corp.		1,852		16,205
Hawkins, Inc.		1,389		56,491
HB Fuller Co.		3,803		265,297
Ingevity Corp.*		2,687		221,839
Innospec, Inc.		1,773		194,073
Intrepid Potash, Inc.*		800		25,336
Koppers Holdings, Inc.		1,456		52,256
Kronos Worldwide, Inc.		1,586		17,906
Livent Corp.*		11,609		272,231
LSB Industries, Inc.*		5,295		71,959
Mativ Holdings, Inc.		3,896		100,945
Minerals Technologies, Inc.		2,322		141,061
Origin Materials, Inc.*		7,525		36,120
Orion Engineered Carbons SA		4,333		110,491
Perimeter Solutions SA*		8,408		71,972
PureCycle Technologies, Inc.*(b)		7,612		48,565
Quaker Chemical Corp.		972		190,298
Rayonier Advanced Materials, Inc.*		4,424		36,277
Sensient Technologies Corp.		3,003		226,396
Stepan Co.		1,529		159,154
Trinseo plc		2,506		58,089
Tronox Holdings plc		8,380		130,728
Valhi, Inc.		171		4,051
				3,723,517
Commercial Services & Supplies - 1.3%
ABM Industries, Inc.		4,752		230,044
ACCO Brands Corp.		6,591		37,371
ACV Auctions, Inc., Class A*		8,441		103,318
Aris Water Solutions, Inc., Class A		1,577		22,330
Brady Corp., Class A		3,268		180,263
BrightView Holdings, Inc.*		3,181		20,104
Brink’s Co. (The)		3,247		211,867
Casella Waste Systems, Inc., Class A*		3,576		278,284
Cimpress plc*		1,263		44,357
CompX International, Inc.		112		2,100
CoreCivic, Inc., REIT*		8,179		79,418
Deluxe Corp.		3,100		57,164
Ennis, Inc.		1,821		39,607
GEO Group, Inc. (The)*		8,482		74,302
Harsco Corp.*		5,626		47,596
Healthcare Services Group, Inc.		5,308		70,437
Heritage-Crystal Clean, Inc.*		1,124		40,441
HNI Corp.		2,951		92,219
Interface, Inc.		4,112		36,268
KAR Auction Services, Inc.*		7,741		110,619
Kimball International, Inc., Class B		2,592		17,911
Li-Cycle Holdings Corp.*(b)		9,791		59,333
Liquidity Services, Inc.*		1,748		22,130
Matthews International Corp., Class A		2,141		81,701
MillerKnoll, Inc.		5,445		129,972
Montrose Environmental Group, Inc.*		1,968		95,822
NL Industries, Inc.		600		4,362
Pitney Bowes, Inc.		12,403		53,829
Quad/Graphics, Inc.*		2,323		11,359
SP Plus Corp.*		1,443		49,091
Steelcase, Inc., Class A		6,234		49,062
UniFirst Corp.		1,072		210,251
Viad Corp.*		1,457		37,459
VSE Corp.		761		43,689
				2,644,080
Communications Equipment - 0.7%
ADTRAN Holdings, Inc.		5,494		95,870
Aviat Networks, Inc.*		805		28,602
Calix, Inc.*		4,118		210,636
Cambium Networks Corp.*		822		16,497
Casa Systems, Inc.*		2,533		9,169
Clearfield, Inc.*		826		51,782
CommScope Holding Co., Inc.*		14,690		106,355
Comtech Telecommunications Corp.		1,854		29,645
Digi International, Inc.*		2,447		81,656
DZS, Inc.*		1,261		13,367
Extreme Networks, Inc.*		9,183		171,906
Harmonic, Inc.*		6,593		86,962
Infinera Corp.*(b)		13,845		97,884
Inseego Corp.*		6,176		5,531
NETGEAR, Inc.*		2,029		36,725
NetScout Systems, Inc.*		4,947		140,693
Ondas Holdings, Inc.*(b)		2,551		4,796
Ribbon Communications, Inc.*		5,179		23,098
Viavi Solutions, Inc.*		16,303		178,355
				1,389,529
Construction & Engineering - 1.4%
Ameresco, Inc., Class A*		2,279		100,162
API Group Corp.*		14,823		348,192
Arcosa, Inc.		3,471		210,343
Argan, Inc.		939		36,490
Comfort Systems USA, Inc.		2,539		369,272

UltraPro Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Concrete Pumping Holdings, Inc.*		1,882		14,698
Construction Partners, Inc., Class A*		2,857		77,282
Dycom Industries, Inc.*		2,068		174,146
EMCOR Group, Inc.		3,383		565,705
Fluor Corp.*		10,195		373,851
Granite Construction, Inc.(b)		3,169		136,901
Great Lakes Dredge & Dock Corp.*		4,682		26,851
IES Holdings, Inc.*		624		26,245
MYR Group, Inc.*		1,173		141,476
Northwest Pipe Co.*		699		26,912
Primoris Services Corp.		3,800		104,500
Sterling Infrastructure, Inc.*		2,097		80,651
Tutor Perini Corp.*		3,012		24,427
				2,838,104
Construction Materials - 0.1%
Summit Materials, Inc., Class A*		8,518		251,622
United States Lime & Minerals, Inc.		146		23,550
				275,172
Consumer Finance - 0.6%
Atlanticus Holdings Corp.*		301		9,647
Bread Financial Holdings, Inc.		3,584		147,195
Consumer Portfolio Services, Inc.*(b)		682		7,543
Curo Group Holdings Corp.		1,574		4,596
Encore Capital Group, Inc.*		1,661		85,840
Enova International, Inc.*		2,204		107,445
EZCORP, Inc., Class A*		3,579		31,567
FirstCash Holdings, Inc.		2,698		238,099
Green Dot Corp., Class A*		3,368		63,756
LendingClub Corp.*		7,457		70,096
LendingTree, Inc.*		751		24,730
Moneylion, Inc.*		10,448		6,988
Navient Corp.		7,630		137,721
Nelnet, Inc., Class A		1,044		98,000
NerdWallet, Inc., Class A*		1,862		38,432
Oportun Financial Corp.*		2,015		12,171
OppFi, Inc.*		990		2,089
PRA Group, Inc.*		2,760		117,466
PROG Holdings, Inc.*		3,581		88,522
Regional Management Corp.		552		17,399
Sunlight Financial Holdings, Inc.*		1,712		2,243
World Acceptance Corp.*		279		26,047
				1,337,592
Containers & Packaging - 0.3%
Cryptyde, Inc.*		1,423		244
Greif, Inc., Class A		1,781		126,540
Greif, Inc., Class B		387		31,842
Myers Industries, Inc.		2,601		67,210
O-I Glass, Inc.*		11,150		247,753
Pactiv Evergreen, Inc.		3,097		33,479
Ranpak Holdings Corp.*		3,113		19,612
TriMas Corp.		2,999		89,940
				616,620
Distributors - 0.0%(d)
Funko, Inc., Class A*		2,281		24,658
Weyco Group, Inc.		424		11,236
				35,894
Diversified Consumer Services - 0.8%
2U, Inc.*		5,433		48,680
Adtalem Global Education, Inc.*		3,214		125,732
American Public Education, Inc.*		1,344		14,838
Beachbody Co., Inc. (The)*(b)		7,497		4,839
Carriage Services, Inc.		953		32,326
Chegg, Inc.*		8,908		141,548
Coursera, Inc.*		8,175		92,132
Duolingo, Inc.*		1,687		153,163
European Wax Center, Inc., Class A		1,746		32,231
Frontdoor, Inc.*		5,929		167,494
Graham Holdings Co., Class B		266		166,691
Laureate Education, Inc., Class A		9,629		114,200
Nerdy, Inc.*		4,000		10,040
OneSpaWorld Holdings Ltd.*		4,754		55,099
Perdoceo Education Corp.*		4,818		66,416
Rover Group, Inc.*		6,703		28,018
Strategic Education, Inc.		1,627		138,702
Stride, Inc.*		2,908		123,503
Udemy, Inc.*		5,231		49,381
Universal Technical Institute, Inc.*		2,371		17,213
Vivint Smart Home, Inc.*		6,799		76,421
WW International, Inc.*		3,886		14,223
				1,672,890
Diversified Financial Services - 0.3%
Alerus Financial Corp.		1,086		21,720
A-Mark Precious Metals, Inc.		1,316		38,572
Banco Latinoamericano de Comercio Exterior SA, Class E		1,971		36,069
Cannae Holdings, Inc.*		4,972		112,268
Compass Diversified Holdings		4,440		96,659
Jackson Financial, Inc., Class A		5,359		243,191
SWK Holdings Corp.*(b)		257		4,819
				553,298
Diversified Telecommunication Services - 0.6%
Anterix, Inc.*		1,319		39,834
ATN International, Inc.		785		33,009
Bandwidth, Inc., Class A*		1,662		26,426
Charge Enterprises, Inc.*(b)		9,320		10,531
Cogent Communications Holdings, Inc.		3,082		199,529
Consolidated Communications Holdings, Inc.*		5,323		16,129
EchoStar Corp., Class A*		2,410		48,103
Globalstar, Inc.*		49,007		62,729
IDT Corp., Class B*		1,112		33,816
Iridium Communications, Inc.*		8,956		549,630
Liberty Latin America Ltd., Class A*		2,739		24,158
Liberty Latin America Ltd., Class C*		10,457		91,812
Ooma, Inc.*		1,642		21,494
Radius Global Infrastructure, Inc.*		5,495		74,897
				1,232,097
Electric Utilities - 0.6%
ALLETE, Inc.		4,106		251,246
MGE Energy, Inc.		2,608		184,594
Otter Tail Corp.		2,947		208,913
PNM Resources, Inc.		6,122		299,978
Portland General Electric Co.		6,410		306,398
Via Renewables, Inc.(b)		881		5,163
				1,256,292
Electrical Equipment - 1.2%
Allied Motion Technologies, Inc.		958		41,347
Array Technologies, Inc.*		10,802		202,429
Atkore, Inc.*		2,953		431,197

UltraPro Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Babcock & Wilcox Enterprises, Inc.*		4,353		28,251
Blink Charging Co.*(b)		2,565		23,213
Bloom Energy Corp., Class A*		12,885		279,476
Encore Wire Corp.		1,269		244,930
Energy Vault Holdings, Inc.*(b)		5,872		19,612
EnerSys		2,924		265,178
Enovix Corp.*(b)		7,795		71,870
ESS Tech, Inc.*(b)		5,780		10,520
Fluence Energy, Inc.*(b)		2,574		48,057
FTC Solar, Inc.*(b)		3,073		9,434
FuelCell Energy, Inc.*		29,271		97,765
GrafTech International Ltd.		13,883		78,439
Heliogen, Inc.*		6,511		2,018
NuScale Power Corp.*(b)		2,246		23,246
Powell Industries, Inc.		653		28,961
Preformed Line Products Co.		180		16,050
Shoals Technologies Group, Inc., Class A*		9,897		242,872
Stem, Inc.*		10,325		84,252
SunPower Corp.*		5,861		88,032
Thermon Group Holdings, Inc.*		2,374		62,792
TPI Composites, Inc.*		2,619		30,276
Vicor Corp.*		1,576		74,072
				2,504,289
Electronic Equipment, Instruments & Components - 2.0%
908 Devices, Inc.*(b)		1,564		14,076
Advanced Energy Industries, Inc.		2,691		250,478
Aeva Technologies, Inc.*		6,941		12,424
AEye, Inc.*(b)		7,317		4,322
Akoustis Technologies, Inc.*(b)		3,812		14,257
Arlo Technologies, Inc.*		6,220		23,636
Badger Meter, Inc.		2,096		254,916
Belden, Inc.		3,041		256,600
Benchmark Electronics, Inc.		2,501		59,499
Cepton, Inc.*		3,383		3,518
CTS Corp.		2,270		98,314
ePlus, Inc.*		1,897		102,760
Evolv Technologies Holdings, Inc.*		6,023		16,563
Fabrinet*		2,645		322,346
FARO Technologies, Inc.*		1,349		36,693
Focus Universal, Inc.*(b)		1,267		6,398
Identiv, Inc.*		1,579		11,085
Insight Enterprises, Inc.*		2,247		300,918
Itron, Inc.*		3,231		180,193
Kimball Electronics, Inc.*		1,716		42,917
Knowles Corp.*		6,416		108,944
Lightwave Logic, Inc.*(b)		8,092		47,743
Methode Electronics, Inc.		2,597		126,552
MicroVision, Inc.*(b)		11,860		30,362
Mirion Technologies, Inc.*		9,811		89,084
Napco Security Technologies, Inc.*		2,103		66,455
nLight, Inc.*		3,181		35,945
Novanta, Inc.*		2,547		399,650
OSI Systems, Inc.*		1,149		106,340
Ouster, Inc.*(b)		22,665		27,198
PAR Technology Corp.*		1,896		64,748
PC Connection, Inc.		807		35,347
Plexus Corp.*		1,967		188,616
Rogers Corp.*		1,347		198,278
Sanmina Corp.*		4,085		246,979
ScanSource, Inc.*		1,809		56,405
SmartRent, Inc.*(b)		8,686		22,497
TTM Technologies, Inc.*		7,260		96,485
Vishay Intertechnology, Inc.		9,302		197,481
Vishay Precision Group, Inc.*		889		38,760
				4,195,782
Energy Equipment & Services - 1.8%
Archrock, Inc.		9,697		107,346
Borr Drilling Ltd.*		14,433		104,351
Bristow Group, Inc.*		1,673		45,573
Cactus, Inc., Class A		4,225		194,139
ChampionX Corp.		14,346		438,557
Diamond Offshore Drilling, Inc.*		7,249		86,118
DMC Global, Inc.*		1,348		36,086
Dril-Quip, Inc.*		2,401		82,234
Expro Group Holdings NV*		5,552		126,197
Helix Energy Solutions Group, Inc.*		10,244		84,820
Helmerich & Payne, Inc.		7,365		309,919
Liberty Energy, Inc., Class A		9,973		152,088
Nabors Industries Ltd.*		648		97,401
National Energy Services Reunited Corp.*		2,733		17,655
Newpark Resources, Inc.*		6,177		27,364
NexTier Oilfield Solutions, Inc.*		12,582		114,874
Noble Corp. plc*		6,039		251,766
Oceaneering International, Inc.*		7,164		149,656
Oil States International, Inc.*		4,509		41,167
Patterson-UTI Energy, Inc.		15,370		210,569
ProFrac Holding Corp., Class A*		1,677		32,081
ProPetro Holding Corp.*		6,257		55,124
RPC, Inc.		5,325		46,700
Select Energy Services, Inc., Class A		5,117		37,968
Solaris Oilfield Infrastructure, Inc., Class A		2,261		20,191
TETRA Technologies, Inc.*		8,918		31,748
Tidewater, Inc.*		3,334		162,833
US Silica Holdings, Inc.*		5,307		64,427
Valaris Ltd.*		4,365		293,546
Weatherford International plc*		5,064		337,364
				3,759,862
Entertainment - 0.3%
Cinemark Holdings, Inc.*		7,808		106,267
IMAX Corp.*		3,370		62,143
Liberty Media Corp.-Liberty Braves, Class A*		717		24,557
Liberty Media Corp.-Liberty Braves, Class C*		2,699		90,335
Lions Gate Entertainment Corp., Class A*		4,177		44,318
Lions Gate Entertainment Corp., Class B*		8,272		82,306
Madison Square Garden Entertainment Corp.*		1,869		113,131
Marcus Corp. (The)(b)		1,706		27,450
Playstudios, Inc.*		5,678		21,122
Reservoir Media, Inc.*(b)		1,465		9,903
Skillz, Inc.*		22,513		14,082
Vivid Seats, Inc., Class A*(b)		1,836		14,082
				609,696
Equity Real Estate Investment Trusts (REITs) - 4.8%
Acadia Realty Trust		6,675		97,255
Agree Realty Corp.		6,270		443,791
Alexander & Baldwin, Inc.		5,189		96,879
Alexander’s, Inc.		152		33,274

UltraPro Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
American Assets Trust, Inc.		3,536		89,213
Apartment Investment and Management Co., Class A		10,728		80,460
Apple Hospitality REIT, Inc.		15,412		254,452
Armada Hoffler Properties, Inc.		4,807		61,626
Ashford Hospitality Trust, Inc.*		2,463		12,192
Bluerock Homes Trust, Inc.*		273		5,867
Braemar Hotels & Resorts, Inc.		4,904		22,853
Brandywine Realty Trust		12,159		71,617
Broadstone Net Lease, Inc.		12,397		220,047
BRT Apartments Corp.		862		18,249
CareTrust REIT, Inc.		6,920		136,116
CBL & Associates Properties, Inc.(b)		1,907		48,724
Centerspace		1,079		67,556
Chatham Lodging Trust		3,434		41,929
City Office REIT, Inc.		2,788		23,586
Clipper Realty, Inc.		857		5,699
Community Healthcare Trust, Inc.		1,700		65,858
Corporate Office Properties Trust		8,071		205,246
CTO Realty Growth, Inc.		1,323		23,258
DiamondRock Hospitality Co.		15,025		131,018
Diversified Healthcare Trust		17,040		16,699
Easterly Government Properties, Inc.		6,532		98,633
Elme Communities		6,262		116,536
Empire State Realty Trust, Inc., Class A		9,529		69,466
Equity Commonwealth		7,507		159,374
Essential Properties Realty Trust, Inc.		10,071		259,429
Farmland Partners, Inc.		3,575		38,324
Four Corners Property Trust, Inc.		5,995		162,764
Franklin Street Properties Corp.		7,076		17,124
Getty Realty Corp.		3,021		103,711
Gladstone Commercial Corp.		2,806		38,386
Gladstone Land Corp.		2,308		40,621
Global Medical REIT, Inc.		4,374		44,002
Global Net Lease, Inc.		7,465		105,406
Hersha Hospitality Trust, Class A		2,248		18,793
Independence Realty Trust, Inc.		16,092		291,104
Indus Realty Trust, Inc.		382		25,414
Industrial Logistics Properties Trust		4,657		19,094
Innovative Industrial Properties, Inc.		1,990		175,936
InvenTrust Properties Corp.		4,854		117,418
iStar, Inc.		4,965		38,231
Kite Realty Group Trust		15,608		339,006
LTC Properties, Inc.		2,864		102,588
LXP Industrial Trust		19,497		203,354
Macerich Co. (The)		15,430		184,389
National Health Investors, Inc.		2,993		164,615
Necessity Retail REIT, Inc. (The)		9,573		65,671
NETSTREIT Corp.(b)		3,947		79,690
NexPoint Residential Trust, Inc.		1,634		79,135
Office Properties Income Trust		3,433		56,439
One Liberty Properties, Inc.		1,169		26,478
Orion Office REIT, Inc.		4,086		34,976
Outfront Media, Inc.		10,491		183,068
Paramount Group, Inc.		13,416		70,702
Pebblebrook Hotel Trust		9,304		132,768
Phillips Edison & Co., Inc.		8,393		286,117
Physicians Realty Trust		16,330		242,174
Piedmont Office Realty Trust, Inc., Class A		8,807		80,584
Plymouth Industrial REIT, Inc.		2,699		58,379
Postal Realty Trust, Inc., Class A		1,285		18,800
PotlatchDeltic Corp.		5,700		263,112
Retail Opportunity Investments Corp.		8,639		122,933
RLJ Lodging Trust		11,490		130,297
RPT Realty		6,052		64,877
Ryman Hospitality Properties, Inc.		3,856		357,721
Sabra Health Care REIT, Inc.		16,536		196,944
Safehold, Inc.		1,927		57,579
Saul Centers, Inc.		845		33,225
Service Properties Trust		11,768		129,213
SITE Centers Corp.		13,952		186,538
STAG Industrial, Inc.		12,925		434,797
Summit Hotel Properties, Inc.		7,503		55,522
Sunstone Hotel Investors, Inc.		15,198		160,643
Tanger Factory Outlet Centers, Inc.		7,264		137,217
Terreno Realty Corp.		5,687		353,788
UMH Properties, Inc.		3,645		62,001
Uniti Group, Inc.		16,998		93,319
Universal Health Realty Income Trust		918		48,672
Urban Edge Properties		8,194		126,188
Urstadt Biddle Properties, Inc., Class A		2,108		36,468
Veris Residential, Inc.*		6,172		99,616
Whitestone REIT		3,350		31,657
Xenia Hotels & Resorts, Inc.		8,193		115,030
				9,919,520
Food & Staples Retailing - 0.5%
Andersons, Inc. (The)		2,294		104,675
Chefs’ Warehouse, Inc. (The)*		2,441		79,455
HF Foods Group, Inc.*		2,591		10,053
Ingles Markets, Inc., Class A		1,017		90,920
Natural Grocers by Vitamin Cottage, Inc.		663		7,280
PriceSmart, Inc.		1,762		122,847
Rite Aid Corp.*(b)		3,971		15,328
SpartanNash Co.		2,496		66,793
Sprouts Farmers Market, Inc.*		7,595		230,052
United Natural Foods, Inc.*		4,164		169,600
Village Super Market, Inc., Class A		607		13,554
Weis Markets, Inc.		1,176		89,893
				1,000,450
Food Products - 1.0%
Alico, Inc.		450		11,583
AppHarvest, Inc.*		5,428		5,537
B&G Foods, Inc.(b)		5,069		64,224
Benson Hill, Inc.*		12,266		27,353
Beyond Meat, Inc.*(b)		4,400		78,496
BRC, Inc., Class A*(b)		1,935		12,887
Calavo Growers, Inc.		1,234		39,821
Cal-Maine Foods, Inc.		2,717		154,326
Fresh Del Monte Produce, Inc.		2,186		68,378
Hain Celestial Group, Inc. (The)*		6,416		114,397
Hostess Brands, Inc.*		9,562		236,181
J & J Snack Foods Corp.		1,088		153,637
John B Sanfilippo & Son, Inc.		638		57,273
Lancaster Colony Corp.		1,392		267,236
Lifecore Biomedical, Inc.*		1,878		10,874
Local Bounti Corp.*(b)		4,635		3,180
Mission Produce, Inc.*		2,870		33,062

UltraPro Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Seneca Foods Corp., Class A*		365		20,294
Simply Good Foods Co. (The)*		6,364		243,678
Sovos Brands, Inc.*		2,744		35,864
SunOpta, Inc.*		6,995		53,722
Tattooed Chef, Inc.*(b)		3,511		4,424
Tootsie Roll Industries, Inc.		1,119		49,270
TreeHouse Foods, Inc.*		3,644		177,791
Utz Brands, Inc.		4,708		77,211
Vital Farms, Inc.*		2,139		34,566
Whole Earth Brands, Inc.*		2,914		10,024
				2,045,289
Gas Utilities - 0.9%
Brookfield Infrastructure Corp., Class A		7,016		303,161
Chesapeake Utilities Corp.		1,248		159,856
New Jersey Resources Corp.		6,899		352,056
Northwest Natural Holding Co.		2,483		120,028
ONE Gas, Inc.		3,853		308,857
Southwest Gas Holdings, Inc.		4,798		302,322
Spire, Inc.		3,655		257,312
				1,803,592
Health Care Equipment & Supplies - 3.1%
Alphatec Holdings, Inc.*		5,191		76,879
AngioDynamics, Inc.*		2,666		33,005
Artivion, Inc.*		2,788		36,913
AtriCure, Inc.*		3,265		125,702
Atrion Corp.		96		54,528
Avanos Medical, Inc.*		3,317		93,108
Axogen, Inc.*		2,905		23,966
Axonics, Inc.*		3,509		210,856
Bioventus, Inc., Class A*(b)		2,290		4,878
Butterfly Network, Inc.*(b)		9,522		23,424
Cardiovascular Systems, Inc.*		2,922		57,593
Cerus Corp.*		12,362		35,355
CONMED Corp.		2,083		200,364
Cue Health, Inc.*		7,801		16,772
Cutera, Inc.*		1,186		38,462
Embecta Corp.		4,169		133,199
Figs, Inc., Class A*		9,135		84,133
Glaukos Corp.*		3,277		154,773
Haemonetics Corp.*		3,638		282,927
Heska Corp.*		690		56,187
Inari Medical, Inc.*		3,456		194,435
Inogen, Inc.*		1,648		25,824
Inspire Medical Systems, Inc.*		2,022		525,578
Integer Holdings Corp.*		2,361		177,028
iRadimed Corp.		510		19,360
iRhythm Technologies, Inc.*		2,162		254,424
Lantheus Holdings, Inc.*		4,896		362,108
LeMaitre Vascular, Inc.		1,395		69,903
LivaNova plc*		3,846		181,993
Merit Medical Systems, Inc.*		4,005		282,673
Mesa Laboratories, Inc.		365		64,430
Nano-X Imaging Ltd.*(b)		3,276		23,882
Neogen Corp.*		15,543		274,956
Nevro Corp.*		2,499		78,569
NuVasive, Inc.*		3,750		162,112
Omnicell, Inc.*		3,179		173,065
OraSure Technologies, Inc.*		5,142		32,446
Orthofix Medical, Inc.*		2,483		51,150
OrthoPediatrics Corp.*		1,086		47,523
Outset Medical, Inc.*		3,471		79,173
Owlet, Inc.*		1,181		434
Paragon 28, Inc.*		3,304		58,183
PROCEPT BioRobotics Corp.*		1,857		69,545
Pulmonx Corp.*		2,449		27,502
RxSight, Inc.*		1,477		20,264
Senseonics Holdings, Inc.*(b)		33,876		35,231
Shockwave Medical, Inc.*		2,550		485,112
SI-BONE, Inc.*		2,431		48,073
Sight Sciences, Inc.*		1,560		17,129
Silk Road Medical, Inc.*		2,687		142,384
STAAR Surgical Co.*		3,435		190,265
Surmodics, Inc.*		978		21,359
Tactile Systems Technology, Inc.*		1,404		20,288
Tenon Medical, Inc.*(b)		542		1,257
TransMedics Group, Inc.*		2,186		175,033
Treace Medical Concepts, Inc.*		2,389		51,268
UFP Technologies, Inc.*		489		57,565
Utah Medical Products, Inc.		247		22,670
Varex Imaging Corp.*		2,768		48,966
Vicarious Surgical, Inc.*(b)		3,960		11,088
ViewRay, Inc.*		10,605		45,814
Zimvie, Inc.*		1,491		16,968
Zynex, Inc.*(b)		1,543		19,936
				6,409,990
Health Care Providers & Services - 2.1%
23andMe Holding Co.*		18,499		46,433
Accolade, Inc.*		4,709		52,317
AdaptHealth Corp.*		5,173		82,716
Addus HomeCare Corp.*		1,108		120,373
Agiliti, Inc.*		1,998		38,082
AirSculpt Technologies, Inc.(b)		886		5,803
Alignment Healthcare, Inc.*		7,045		70,027
AMN Healthcare Services, Inc.*		3,100		279,031
Apollo Medical Holdings, Inc.*		2,788		97,301
ATI Physical Therapy, Inc.*(b)		5,361		1,865
Aveanna Healthcare Holdings, Inc.*		3,191		3,893
Brookdale Senior Living, Inc.*		13,324		43,037
Cano Health, Inc.*		11,599		19,138
CareMax, Inc.*		4,187		18,004
Castle Biosciences, Inc.*		1,757		44,241
Clover Health Investments Corp.*		27,672		36,527
Community Health Systems, Inc.*		8,957		54,280
CorVel Corp.*		633		114,117
Cross Country Healthcare, Inc.*		2,558		67,659
DocGo, Inc.*		5,910		54,077
Ensign Group, Inc. (The)		3,861		345,482
Fulgent Genetics, Inc.*		1,500		49,185
GeneDx Holdings Corp.*		11,325		5,663
HealthEquity, Inc.*		5,946		387,501
Hims & Hers Health, Inc.*		8,694		97,981
Innovage Holding Corp.*(b)		1,369		10,391
Invitae Corp.*(b)		17,554		37,741
Joint Corp. (The)*		1,007		15,810
LifeStance Health Group, Inc.*(b)		5,176		26,501
ModivCare, Inc.*		906		88,960
National HealthCare Corp.		901		50,204
National Research Corp.		1,007		45,476
NeoGenomics, Inc.*		9,016		151,920
Oncology Institute, Inc. (The)*(b)		2,495		3,518
OPKO Health, Inc.*		28,919		32,968
Option Care Health, Inc.*		11,197		343,412
Owens & Minor, Inc.*		5,287		81,050
P3 Health Partners, Inc.*(b)		1,742		2,090
Patterson Cos., Inc.		6,244		165,591
Pediatrix Medical Group, Inc.*		5,857		92,189

UltraPro Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Pennant Group, Inc. (The)*		1,850		27,787
PetIQ, Inc.*		1,943		18,109
Privia Health Group, Inc.*		3,281		91,638
Progyny, Inc.*		5,414		203,350
R1 RCM, Inc.*		10,764		152,849
RadNet, Inc.*		3,575		84,316
Select Medical Holdings Corp.		7,460		202,837
Surgery Partners, Inc.*		3,584		119,885
US Physical Therapy, Inc.		921		93,325
				4,276,650
Health Care Technology - 0.5%
American Well Corp., Class A*(b)		16,431		45,842
Babylon Holdings Ltd., Class A*(b)		312		3,098
Computer Programs and Systems, Inc.*		1,002		30,070
Evolent Health, Inc., Class A*		5,872		205,579
Health Catalyst, Inc.*		3,928		54,835
HealthStream, Inc.*		1,730		44,374
Multiplan Corp.*		27,069		27,340
NextGen Healthcare, Inc.*		4,054		73,418
Nutex Health, Inc.*		17,951		24,593
OptimizeRx Corp.*		1,196		21,349
Pear Therapeutics, Inc.*(b)		4,911		4,851
Phreesia, Inc.*		3,558		130,934
Schrodinger, Inc.*		3,866		84,008
Sharecare, Inc.*		21,355		49,971
Simulations Plus, Inc.		1,119		42,567
Veradigm, Inc.*		7,718		128,196
				971,025
Hotels, Restaurants & Leisure - 2.2%
Accel Entertainment, Inc.*		3,998		36,582
Bally’s Corp.*		2,569		50,738
Biglari Holdings, Inc., Class B*		53		9,529
BJ’s Restaurants, Inc.*		1,625		52,000
Bloomin’ Brands, Inc.		6,259		163,360
Bluegreen Vacations Holding Corp.		845		28,029
Bowlero Corp.*		2,115		32,529
Brinker International, Inc.*		3,113		118,294
Century Casinos, Inc.*		1,952		18,075
Cheesecake Factory, Inc. (The)		3,474		130,067
Chuy’s Holdings, Inc.*		1,284		45,903
Cracker Barrel Old Country Store, Inc.		1,585		172,702
Dave & Buster’s Entertainment, Inc.*		3,078		123,181
Denny’s Corp.*		3,991		46,575
Dine Brands Global, Inc.		1,058		81,117
El Pollo Loco Holdings, Inc.		1,396		16,710
Everi Holdings, Inc.*		6,183		117,415
F45 Training Holdings, Inc.*(b)		2,633		5,450
First Watch Restaurant Group, Inc.*		1,082		16,533
Full House Resorts, Inc.*		2,355		22,796
Golden Entertainment, Inc.*		1,443		59,322
Hilton Grand Vacations, Inc.*		6,156		293,887
Inspirato, Inc.*		1,472		1,516
Inspired Entertainment, Inc.*		1,528		24,158
International Game Technology plc		7,038		186,929
Jack in the Box, Inc.		1,519		119,090
Krispy Kreme, Inc.		5,142		66,897
Kura Sushi USA, Inc., Class A*		332		20,790
Life Time Group Holdings, Inc.*		3,012		54,427
Light & Wonder, Inc.*		6,765		423,557
Lindblad Expeditions Holdings, Inc.*		2,406		20,643
Monarch Casino & Resort, Inc.		955		70,307
NEOGAMES SA*		933		14,508
Noodles & Co., Class A*		2,929		17,105
ONE Group Hospitality, Inc. (The)*		1,616		13,736
Papa John’s International, Inc.		2,337		196,191
Portillo’s, Inc., Class A*(b)		1,995		45,326
RCI Hospitality Holdings, Inc.		618		51,770
Red Rock Resorts, Inc., Class A		3,634		158,697
Rush Street Interactive, Inc.*		4,351		18,231
Ruth’s Hospitality Group, Inc.		2,261		42,168
SeaWorld Entertainment, Inc.*		2,847		183,916
Shake Shack, Inc., Class A*		2,686		149,852
Sonder Holdings, Inc.*(b)		13,568		13,975
Sweetgreen, Inc., Class A*		6,358		55,442
Target Hospitality Corp.*(b)		2,093		31,039
Texas Roadhouse, Inc.		4,802		487,595
Vacasa, Inc., Class A*(b)		8,284		12,012
Wingstop, Inc.		2,148		365,912
Xponential Fitness, Inc., Class A*		1,270		32,245
				4,518,828
Household Durables - 1.5%
Aterian, Inc.*(b)		4,727		5,672
Beazer Homes USA, Inc.*		2,095		31,236
Cavco Industries, Inc.*		637		181,545
Century Communities, Inc.		2,022		120,936
Dream Finders Homes, Inc., Class A*(b)		1,502		18,069
Ethan Allen Interiors, Inc.		1,621		47,901
GoPro, Inc., Class A*		9,258		48,049
Green Brick Partners, Inc.*		1,945		60,684
Helen of Troy Ltd.*		1,704		192,024
Hovnanian Enterprises, Inc., Class A*		376		25,609
Installed Building Products, Inc.		1,706		196,838
iRobot Corp.*		1,921		78,934
KB Home		5,537		195,290
Landsea Homes Corp.*		675		4,411
La-Z-Boy, Inc.		3,080		99,730
Legacy Housing Corp.*		629		12,555
LGI Homes, Inc.*		1,469		153,231
Lifetime Brands, Inc.		916		7,255
Lovesac Co. (The)*		997		28,704
M/I Homes, Inc.*		1,908		110,359
MDC Holdings, Inc.		4,098		151,626
Meritage Homes Corp.*		2,602		284,216
Purple Innovation, Inc.*		3,932		16,986
Skyline Champion Corp.*		3,822		261,463
Snap One Holdings Corp.*(b)		1,290		15,080
Sonos, Inc.*		9,142		177,629
Taylor Morrison Home Corp., Class A*		7,494		268,510
Traeger, Inc.*		2,379		9,468
Tri Pointe Homes, Inc.*		7,227		172,292
Tupperware Brands Corp.*		3,161		12,960
Universal Electronics, Inc.*		866		11,016
Vizio Holding Corp., Class A*		4,939		50,625
Vuzix Corp.*(b)		4,250		17,638
				3,068,541
Household Products - 0.2%
Central Garden & Pet Co.*		705		28,553
Central Garden & Pet Co., Class A*		2,874		110,448

UltraPro Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Energizer Holdings, Inc.		4,774		172,962
WD-40 Co.		980		169,961
				481,924
Independent Power and Renewable Electricity Producers - 0.4%
Altus Power, Inc.*(b)		3,100		20,987
Clearway Energy, Inc., Class A		2,495		74,127
Clearway Energy, Inc., Class C(b)		5,876		184,565
Montauk Renewables, Inc.*		4,612		45,474
Ormat Technologies, Inc.		3,519		297,426
Sunnova Energy International, Inc.*(b)		7,110		126,416
				748,995
Industrial Conglomerates - 0.0%(d)
Brookfield Business Corp., Class A		1,861		36,103
Insurance - 1.9%
Ambac Financial Group, Inc.*		3,170		52,463
American Equity Investment Life Holding Co.		5,073		211,290
AMERISAFE, Inc.		1,368		74,611
Argo Group International Holdings Ltd.		2,274		66,060
Bright Health Group, Inc.*(b)		13,828		12,030
BRP Group, Inc., Class A*		4,354		125,134
CNO Financial Group, Inc.		8,131		208,316
Crawford & Co., Class A		1,107		6,111
Donegal Group, Inc., Class A		1,115		17,138
eHealth, Inc.*		1,771		13,035
Employers Holdings, Inc.		1,947		86,466
Enstar Group Ltd.*		806		197,075
Genworth Financial, Inc., Class A*		35,453		220,872
Goosehead Insurance, Inc., Class A*		1,363		63,584
Greenlight Capital Re Ltd., Class A*		1,874		17,203
HCI Group, Inc.		450		23,625
Hippo Holdings, Inc.*(b)		1,230		21,168
Horace Mann Educators Corp.		2,946		108,884
Investors Title Co.		92		15,028
James River Group Holdings Ltd.		2,633		63,455
Kinsale Capital Group, Inc.		1,549		493,666
Lemonade, Inc.*		3,359		54,752
MBIA, Inc.*		3,441		47,451
Mercury General Corp.		1,915		65,206
National Western Life Group, Inc., Class A		163		43,976
NI Holdings, Inc.*		607		8,401
Oscar Health, Inc., Class A*		8,642		47,877
Palomar Holdings, Inc.*		1,738		104,280
ProAssurance Corp.		3,864		76,855
RLI Corp.		2,796		385,596
Root, Inc., Class A*(b)		556		2,786
Safety Insurance Group, Inc.		1,018		82,142
Selective Insurance Group, Inc.		4,275		434,041
Selectquote, Inc.*		9,699		22,696
SiriusPoint Ltd.*		6,599		46,853
Stewart Information Services Corp.		1,920		81,581
Tiptree, Inc.		1,775		28,577
Trean Insurance Group, Inc.*		1,618		9,854
Trupanion, Inc.*		2,792		165,789
United Fire Group, Inc.		1,529		43,638
Universal Insurance Holdings, Inc.		1,849		35,741
				3,885,306
Interactive Media & Services - 0.6%
Arena Group Holdings, Inc. (The)*(b)		830		6,524
Bumble, Inc., Class A*		6,182		149,481
Cargurus, Inc.*		7,310		124,635
Cars.com, Inc.*		4,741		91,027
DHI Group, Inc.*		2,990		12,678
Eventbrite, Inc., Class A*		5,597		49,030
EverQuote, Inc., Class A*		1,430		19,519
fuboTV, Inc.*(b)		13,468		25,724
Leafly Holdings, Inc.*		2,189		1,184
MediaAlpha, Inc., Class A*		1,764		26,707
Outbrain, Inc.*		2,611		11,541
QuinStreet, Inc.*		3,632		61,635
Shutterstock, Inc.		1,716		129,077
TrueCar, Inc.*		6,260		14,586
Vimeo, Inc.*		10,254		39,273
Vinco Ventures, Inc.*(b)		16,817		8,242
Wejo Group Ltd.*(b)		4,113		2,715
Yelp, Inc.*		4,845		145,447
Ziff Davis, Inc.*		3,274		258,580
ZipRecruiter, Inc., Class A*		5,224		89,121
				1,266,726
Internet & Direct Marketing Retail - 0.2%
1-800-Flowers.com, Inc., Class A*		1,927		19,077
1stdibs.com, Inc.*		1,696		8,616
aka Brands Holding Corp.*		806		1,136
BARK, Inc.*		8,550		11,543
Boxed, Inc.*(b)		4,120		2,526
CarParts.com, Inc.*		3,638		22,810
ContextLogic, Inc., Class A*		41,451		20,174
Duluth Holdings, Inc., Class B*		945		5,679
Groupon, Inc.*(b)		1,562		11,731
Lands’ End, Inc.*		1,094		8,314
Lulu’s Fashion Lounge Holdings, Inc.*(b)		1,193		3,639
Overstock.com, Inc.*		3,050		59,079
PetMed Express, Inc.		1,446		27,156
Qurate Retail, Inc., Series A*		25,084		52,927
RealReal, Inc. (The)*		6,338		8,556
Rent the Runway, Inc., Class A*(b)		3,388		11,553
Revolve Group, Inc.*		2,926		79,236
RumbleON, Inc., Class B*(b)		750		6,818
Stitch Fix, Inc., Class A*		5,994		27,932
ThredUp, Inc., Class A*(b)		4,207		6,689
Xometry, Inc., Class A*(b)		2,443		74,292
				469,483
IT Services - 1.6%
AvidXchange Holdings, Inc.*		10,501		104,485
BigCommerce Holdings, Inc., Series 1*		4,657		44,335
Brightcove, Inc.*		2,984		16,024
Cantaloupe, Inc.*		4,184		24,100
Cass Information Systems, Inc.		963		46,561
Cerberus Cyber Sentinel Corp.*(b)		3,320		1,893
Conduent, Inc.*		12,162		48,405
CSG Systems International, Inc.		2,229		125,270
Cyxtera Technologies, Inc.*(b)		2,644		5,922
DigitalOcean Holdings, Inc.*		4,996		159,772
Edgio, Inc.*		9,838		12,101
EVERTEC, Inc.		4,378		161,154
Evo Payments, Inc., Class A*		3,388		114,684
ExlService Holdings, Inc.*		2,320		381,663
Fastly, Inc., Class A*		8,127		112,884

UltraPro Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Flywire Corp.*		4,083		100,973
Grid Dynamics Holdings, Inc.*		3,843		44,771
Hackett Group, Inc. (The)		1,930		35,975
I3 Verticals, Inc., Class A*		1,578		38,835
IBEX Holdings Ltd.*		639		17,860
Information Services Group, Inc.		2,515		13,254
International Money Express, Inc.*		2,245		57,360
Marqeta, Inc., Class A*		31,099		180,374
Maximus, Inc.		4,340		356,227
MoneyGram International, Inc.*		6,719		72,901
Payoneer Global, Inc.*		15,799		91,634
Paysafe Ltd.*		2,020		40,277
Perficient, Inc.*		2,447		173,248
PFSweb, Inc.		1,210		7,792
Priority Technology Holdings, Inc.*		1,270		4,978
Rackspace Technology, Inc.*		4,126		9,696
Remitly Global, Inc.*		7,177		104,999
Repay Holdings Corp.*		6,276		53,220
Sabre Corp.*		23,360		118,202
Squarespace, Inc., Class A*		2,183		51,104
StoneCo Ltd., Class A*		19,856		168,975
TTEC Holdings, Inc.		1,350		54,351
Tucows, Inc., Class A*(b)		709		16,392
Unisys Corp.*		4,745		23,630
Verra Mobility Corp.*(b)		10,043		173,041
				3,369,322
Leisure Products - 0.4%
Acushnet Holdings Corp.		2,384		115,052
AMMO, Inc.*(b)		6,339		12,361
Clarus Corp.		2,067		20,463
Johnson Outdoors, Inc., Class A		381		24,712
Latham Group, Inc.*		3,085		9,810
Malibu Boats, Inc., Class A*		1,460		87,249
Marine Products Corp.		597		7,642
MasterCraft Boat Holdings, Inc.*		1,260		42,550
Smith & Wesson Brands, Inc.		3,253		35,588
Solo Brands, Inc., Class A*(b)		1,573		6,496
Sturm Ruger & Co., Inc.		1,234		71,905
Topgolf Callaway Brands Corp.*		10,021		232,287
Vista Outdoor, Inc.*		4,003		114,326
				780,441
Life Sciences Tools & Services - 0.6%
AbCellera Biologics, Inc.*		14,835		124,614
Adaptive Biotechnologies Corp.*		7,988		68,297
Akoya Biosciences, Inc.*		1,131		13,040
Alpha Teknova, Inc.*		450		2,439
Berkeley Lights, Inc.*		4,049		7,086
BioLife Solutions, Inc.*		2,416		56,196
Bionano Genomics, Inc.*(b)		21,434		28,722
Codexis, Inc.*		4,393		21,240
CryoPort, Inc.*		3,165		68,554
Cytek Biosciences, Inc.*		8,181		84,264
Inotiv, Inc.*(b)		1,246		9,345
MaxCyte, Inc.*		6,233		28,298
Medpace Holdings, Inc.*		1,819		352,668
NanoString Technologies, Inc.*		3,327		32,472
Nautilus Biotechnology, Inc.*(b)		3,415		7,240
OmniAb, Inc.*		5,519		23,014
Pacific Biosciences of California, Inc.*		16,188		146,987
Quanterix Corp.*		2,429		26,719
Quantum-Si, Inc.*(b)		6,545		11,912
Science 37 Holdings, Inc.*(b)		4,506		1,487
Seer, Inc.*		3,696		15,117
Singular Genomics Systems, Inc.*		4,047		8,701
SomaLogic, Inc.*		10,721		27,231
				1,165,643
Machinery - 3.5%
3D Systems Corp.*		9,078		88,874
Alamo Group, Inc.		720		131,321
Albany International Corp., Class A		2,235		225,556
Altra Industrial Motion Corp.		4,656		286,484
Astec Industries, Inc.		1,636		73,669
Barnes Group, Inc.		3,507		147,785
Berkshire Grey, Inc.*(b)		3,542		4,675
Blue Bird Corp.*		1,252		25,428
Chart Industries, Inc.*		3,057		408,109
CIRCOR International, Inc.*		1,324		38,753
Columbus McKinnon Corp.		2,009		74,574
Desktop Metal, Inc., Class A*(b)		19,204		29,190
Douglas Dynamics, Inc.		1,612		60,111
Energy Recovery, Inc.*		3,941		86,978
Enerpac Tool Group Corp.		4,095		110,278
EnPro Industries, Inc.		1,493		160,497
ESCO Technologies, Inc.		1,846		172,029
Evoqua Water Technologies Corp.*		8,425		409,118
Fathom Digital Manufacturing Corp.*		698		831
Federal Signal Corp.		4,279		225,803
Franklin Electric Co., Inc.		3,304		315,763
Gorman-Rupp Co. (The)		1,630		45,412
Greenbrier Cos., Inc. (The)		2,282		73,275
Helios Technologies, Inc.		2,331		157,902
Hillenbrand, Inc.		4,962		233,909
Hillman Solutions Corp.*		9,640		85,700
Hydrofarm Holdings Group, Inc.*		3,131		6,011
Hyliion Holdings Corp.*		9,838		27,841
Hyster-Yale Materials Handling, Inc.		777		30,233
Hyzon Motors, Inc.*(b)		6,290		8,177
John Bean Technologies Corp.		2,264		251,055
Kadant, Inc.		830		178,168
Kennametal, Inc.		5,832		165,221
Lightning eMotors, Inc.*(b)		2,839		1,906
Lindsay Corp.		789		118,737
Luxfer Holdings plc		1,944		32,212
Manitowoc Co., Inc. (The)*		2,486		47,010
Markforged Holding Corp.*		8,151		10,841
Microvast Holdings, Inc.*		12,352		15,934
Miller Industries, Inc.		795		22,109
Mueller Industries, Inc.		4,010		296,620
Mueller Water Products, Inc., Class A		11,171		154,942
Nikola Corp.*(b)		24,275		53,890
Omega Flex, Inc.		234		27,233
Proterra, Inc.*		16,013		67,255
Proto Labs, Inc.*		1,945		61,151
RBC Bearings, Inc.*(b)		2,045		469,961
REV Group, Inc.		2,352		27,495
Sarcos Technology and Robotics Corp.*(b)		7,838		4,938
Shyft Group, Inc. (The)		2,474		64,151
SPX Technologies, Inc.*		3,138		221,041
Standex International Corp.		855		98,906
Tennant Co.		1,329		94,120
Terex Corp.		4,774		282,668
Titan International, Inc.*		3,666		45,495

UltraPro Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Trinity Industries, Inc.		5,884		164,222
Velo3D, Inc.*(b)		4,099		12,994
Wabash National Corp.		3,407		93,352
Watts Water Technologies, Inc., Class A		1,960		343,451
Xos, Inc.*(b)		4,037		3,099
				7,174,463
Marine - 0.2%
Costamare, Inc.		3,784		39,732
Eagle Bulk Shipping, Inc.		962		62,790
Eneti, Inc.		1,585		16,769
Genco Shipping & Trading Ltd.		2,626		50,025
Golden Ocean Group Ltd.(b)		8,793		91,272
Matson, Inc.		2,677		178,047
Safe Bulkers, Inc.		5,129		19,234
				457,869
Media - 0.7%
AdTheorent Holding Co., Inc.*(b)		2,640		4,013
Advantage Solutions, Inc.*		5,912		13,006
AMC Networks, Inc., Class A*		2,167		48,454
Audacy, Inc.*		8,638		1,857
Boston Omaha Corp., Class A*		1,567		37,749
Cardlytics, Inc.*		2,287		12,464
Clear Channel Outdoor Holdings, Inc.*		26,420		46,763
Cumulus Media, Inc., Class A*		1,247		6,759
Daily Journal Corp.*		89		27,028
Entravision Communications Corp., Class A		4,253		27,900
EW Scripps Co. (The), Class A*		4,190		52,878
Gambling.com Group Ltd.*		639		6,249
Gannett Co., Inc.*		10,317		31,261
Gray Television, Inc.		5,880		68,796
iHeartMedia, Inc., Class A*		8,636		62,697
Innovid Corp.*		5,481		9,263
Integral Ad Science Holding Corp.*		2,735		29,866
John Wiley & Sons, Inc., Class A		3,078		136,940
Loyalty Ventures, Inc.*(b)		1,440		2,534
Magnite, Inc.*		9,479		105,501
PubMatic, Inc., Class A*		3,094		46,967
Quotient Technology, Inc.*		6,489		24,529
Scholastic Corp.		2,132		97,241
Sinclair Broadcast Group, Inc., Class A		2,870		46,695
Stagwell, Inc.*(b)		5,495		37,696
TechTarget, Inc.*		1,933		72,932
TEGNA, Inc.		15,961		277,721
Thryv Holdings, Inc.*		1,821		43,413
Urban One, Inc.*		593		4,050
Urban One, Inc., Class D*		775		3,867
WideOpenWest, Inc.*		3,841		41,982
				1,429,071
Metals & Mining - 1.4%
5E Advanced Materials, Inc.*(b)		2,754		18,617
Alpha Metallurgical Resources, Inc.		1,092		183,172
Arconic Corp.*		7,273		192,298
ATI, Inc.*		8,893		361,500
Carpenter Technology Corp.		3,424		165,482
Century Aluminum Co.*		3,720		44,900
Coeur Mining, Inc.*		19,958		62,269
Commercial Metals Co.		8,372		433,251
Compass Minerals International, Inc.		2,458		94,707
Constellium SE*		9,057		144,821
Dakota Gold Corp.*		3,742		10,515
Haynes International, Inc.		875		47,871
Hecla Mining Co.		39,634		204,115
Hycroft Mining Holding Corp.*		10,965		4,264
Ivanhoe Electric, Inc.*(b)		1,039		15,616
Kaiser Aluminum Corp.		1,136		90,108
Materion Corp.		1,464		163,500
Novagold Resources, Inc.*		17,131		95,762
Olympic Steel, Inc.		688		36,120
Piedmont Lithium, Inc.*		1,243		80,671
PolyMet Mining Corp.*		2,094		5,235
Ramaco Resources, Inc.		1,606		15,980
Ryerson Holding Corp.		1,391		49,979
Schnitzer Steel Industries, Inc., Class A		1,812		59,234
SunCoke Energy, Inc.		5,969		56,765
TimkenSteel Corp.*		3,169		57,961
Tredegar Corp.		1,948		22,636
Warrior Met Coal, Inc.		3,687		141,102
Worthington Industries, Inc.		2,249		135,930
				2,994,381
Mortgage Real Estate Investment Trusts (REITs) - 1.0%
AFC Gamma, Inc.		1,169		18,108
Angel Oak Mortgage, Inc.(b)		854		6,422
Apollo Commercial Real Estate Finance, Inc.		10,080		115,819
Arbor Realty Trust, Inc.(b)		11,830		178,396
Ares Commercial Real Estate Corp.		3,679		41,610
ARMOUR Residential REIT, Inc.(b)		9,424		51,172
Blackstone Mortgage Trust, Inc., Class A		12,197		258,211
BrightSpire Capital, Inc.		6,713		49,609
Broadmark Realty Capital, Inc.		9,329		47,578
Chicago Atlantic Real Estate Finance, Inc.		390		5,717
Chimera Investment Corp.		16,657		108,104
Claros Mortgage Trust, Inc.		6,589		91,851
Dynex Capital, Inc.		3,265		43,196
Ellington Financial, Inc.		4,125		53,089
Franklin BSP Realty Trust, Inc.		5,943		83,261
Granite Point Mortgage Trust, Inc.		3,719		22,277
Hannon Armstrong Sustainable Infrastructure Capital, Inc.		6,239		195,967
Invesco Mortgage Capital, Inc.		2,549		31,944
KKR Real Estate Finance Trust, Inc.		4,090		59,305
Ladder Capital Corp.		8,139		91,971
MFA Financial, Inc.		7,353		78,751
New York Mortgage Trust, Inc.		26,508		70,776
Nexpoint Real Estate Finance, Inc.		576		10,397
Orchid Island Capital, Inc.		2,406		27,332
PennyMac Mortgage Investment Trust		6,374		83,053
Ready Capital Corp.		5,126		57,719
Redwood Trust, Inc.		8,114		61,748
TPG RE Finance Trust, Inc.		4,911		41,694
Two Harbors Investment Corp.		6,190		102,568
				2,087,645
Multiline Retail - 0.1%
Big Lots, Inc.		2,032		29,159
Dillard’s, Inc., Class A		284		101,221

UltraPro Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Franchise Group, Inc.		1,869		51,977
				182,357
Multi-Utilities - 0.4%
Avista Corp.		5,286		217,360
Black Hills Corp.		4,656		285,925
NorthWestern Corp.		4,157		240,191
Unitil Corp.		1,139		61,871
				805,347
Oil, Gas & Consumable Fuels - 3.7%
Aemetis, Inc.*(b)		2,142		7,647
Alto Ingredients, Inc.*		5,175		15,111
Amplify Energy Corp.*		2,555		21,411
Arch Resources, Inc.		1,063		167,263
Ardmore Shipping Corp.		2,928		53,143
Battalion Oil Corp.*		181		1,631
Berry Corp.		5,458		51,469
California Resources Corp.		5,306		223,913
Callon Petroleum Co.*		3,526		136,668
Centrus Energy Corp., Class A*		765		34,280
Chord Energy Corp.		2,976		400,629
Civitas Resources, Inc.		5,284		370,778
Clean Energy Fuels Corp.*		12,143		68,001
CNX Resources Corp.*		12,777		196,127
Comstock Resources, Inc.		6,565		79,699
CONSOL Energy, Inc.		2,459		134,581
Crescent Energy Co., Class A(b)		2,805		32,370
CVR Energy, Inc.		2,119		67,236
Delek US Holdings, Inc.		4,974		125,193
Denbury, Inc.*		3,589		299,215
DHT Holdings, Inc.		9,810		113,502
Dorian LPG Ltd.		2,200		48,290
Earthstone Energy, Inc., Class A*(b)		3,129		43,650
Empire Petroleum Corp.*		724		9,412
Energy Fuels, Inc.*		11,176		74,991
Equitrans Midstream Corp.		29,453		177,602
Excelerate Energy, Inc., Class A		1,331		28,763
FLEX LNG Ltd.		2,044		70,906
Frontline plc(b)		8,931		168,617
Gevo, Inc.*		14,102		26,089
Golar LNG Ltd.*		7,232		165,107
Green Plains, Inc.*		3,856		133,687
Gulfport Energy Corp.*		787		52,036
HighPeak Energy, Inc.(b)		500		13,375
International Seaways, Inc.		3,489		179,474
Kinetik Holdings, Inc.		1,185		35,254
Kosmos Energy Ltd.*		32,343		254,539
Magnolia Oil & Gas Corp., Class A		12,496		273,038
Matador Resources Co.		8,063		433,709
Murphy Oil Corp.		10,559		412,012
NACCO Industries, Inc., Class A		288		10,768
NextDecade Corp.*		2,592		18,299
Nordic American Tankers Ltd.		14,706		65,148
Northern Oil and Gas, Inc.		4,731		146,850
Par Pacific Holdings, Inc.*		3,505		97,369
PBF Energy, Inc., Class A		7,033		307,412
Peabody Energy Corp.*(b)		8,433		230,221
Permian Resources Corp.		14,891		160,972
Ranger Oil Corp.		1,373		56,979
REX American Resources Corp.*		1,136		37,499
Riley Exploration Permian, Inc.		758		23,195
Ring Energy, Inc.*(b)		6,752		14,179
SandRidge Energy, Inc.*		2,275		33,192
Scorpio Tankers, Inc.		3,369		203,353
SFL Corp. Ltd.(b)		8,228		84,913
SilverBow Resources, Inc.*(b)		839		20,656
Sitio Royalties Corp.(b)		5,117		120,301
SM Energy Co.		8,677		256,058
Talos Energy, Inc.*		4,740		84,419
Teekay Corp.*		4,942		30,838
Teekay Tankers Ltd., Class A*		1,638		73,956
Tellurian, Inc.*(b)		36,553		54,464
Uranium Energy Corp.*(b)		25,281		93,540
Ur-Energy, Inc.*		15,004		16,054
VAALCO Energy, Inc.		7,612		35,700
Vertex Energy, Inc.*(b)		3,874		36,687
Vital Energy, Inc.*		1,186		60,949
W&T Offshore, Inc.*		6,774		38,002
World Fuel Services Corp.		4,395		120,643
				7,733,034
Paper & Forest Products - 0.1%
Clearwater Paper Corp.*		1,197		46,192
Glatfelter Corp.		3,153		12,108
Sylvamo Corp.		2,545		125,545
				183,845
Personal Products - 0.7%
Beauty Health Co. (The)*		6,793		85,660
BellRing Brands, Inc.*		9,445		291,661
Edgewell Personal Care Co.		3,690		157,563
elf Beauty, Inc.*		3,521		263,195
Herbalife Nutrition Ltd.*		7,017		135,779
Honest Co., Inc. (The)*		4,714		13,152
Inter Parfums, Inc.		1,288		155,088
Medifast, Inc.		781		87,573
Nature’s Sunshine Products, Inc.*		962		10,428
Nu Skin Enterprises, Inc., Class A		3,520		140,237
Thorne HealthTech, Inc.*		985		4,876
USANA Health Sciences, Inc.*		806		48,989
Veru, Inc.*(b)		4,656		18,414
				1,412,615
Pharmaceuticals - 1.4%
Aclaris Therapeutics, Inc.*		4,627		57,652
Amneal Pharmaceuticals, Inc.*		7,378		15,199
Amphastar Pharmaceuticals, Inc.*		2,743		87,392
Amylyx Pharmaceuticals, Inc.*		3,613		125,805
AN2 Therapeutics, Inc.*		797		8,990
ANI Pharmaceuticals, Inc.*		913		38,200
Arvinas, Inc.*		3,486		106,846
Atea Pharmaceuticals, Inc.*		5,466		19,350
Athira Pharma, Inc.*		2,435		7,500
Axsome Therapeutics, Inc.*(b)		2,295		156,496
Cara Therapeutics, Inc.*		3,208		32,593
Cassava Sciences, Inc.*(b)		2,732		67,480
Collegium Pharmaceutical, Inc.*		2,410		63,937
Corcept Therapeutics, Inc.*		6,190		128,938
DICE Therapeutics, Inc.*		2,535		75,644
Edgewise Therapeutics, Inc.*		2,716		26,019
Esperion Therapeutics, Inc.*		5,283		32,649
Evolus, Inc.*		2,536		23,002
EyePoint Pharmaceuticals, Inc.*(b)		1,868		6,239
Fulcrum Therapeutics, Inc.*		3,119		18,839
Harmony Biosciences Holdings, Inc.*		1,879		82,732
Innoviva, Inc.*		4,533		54,713
Intra-Cellular Therapies, Inc.*		6,563		321,784
Ligand Pharmaceuticals, Inc.*		1,083		78,128
Liquidia Corp.*		3,417		25,867

UltraPro Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Nektar Therapeutics*		12,999		17,939
NGM Biopharmaceuticals, Inc.*		2,895		13,722
Nuvation Bio, Inc.*(b)		8,339		16,178
Ocular Therapeutix, Inc.*		5,519		33,335
Pacira BioSciences, Inc.*		3,218		136,990
Phathom Pharmaceuticals, Inc.*(b)		1,757		15,040
Phibro Animal Health Corp., Class A		1,462		22,968
Prestige Consumer Healthcare, Inc.*		3,567		214,912
Provention Bio, Inc.*(b)		4,518		37,499
Reata Pharmaceuticals, Inc., Class A*		1,981		61,748
Relmada Therapeutics, Inc.*		1,964		7,070
Revance Therapeutics, Inc.*		5,783		200,670
Scilex Holding Co.*(b)		4,872		42,143
SIGA Technologies, Inc.(b)		3,373		23,105
Supernus Pharmaceuticals, Inc.*		3,551		133,482
Tarsus Pharmaceuticals, Inc.*		1,317		20,400
Theravance Biopharma, Inc.*		4,677		50,512
Theseus Pharmaceuticals, Inc.*		1,217		11,294
Third Harmonic Bio, Inc.*(b)		906		3,841
Ventyx Biosciences, Inc.*		1,786		77,244
Xeris Biopharma Holdings, Inc.*		9,484		13,088
				2,815,174
Professional Services - 1.4%
Alight, Inc., Class A*		24,321		233,482
ASGN, Inc.*		3,513		311,954
Atlas Technical Consultants, Inc.*		1,370		16,755
Barrett Business Services, Inc.		490		47,030
CBIZ, Inc.*		3,433		171,959
CRA International, Inc.		497		61,862
Exponent, Inc.		3,643		374,865
First Advantage Corp.*		4,207		61,044
Forrester Research, Inc.*		809		26,608
Franklin Covey Co.*		869		40,730
Heidrick & Struggles International, Inc.		1,399		48,028
HireRight Holdings Corp.*		1,521		16,761
Huron Consulting Group, Inc.*		1,410		98,968
ICF International, Inc.		1,323		131,625
Insperity, Inc.		2,601		322,758
Kelly Services, Inc., Class A		2,419		40,470
Kforce, Inc.		1,416		88,486
Korn Ferry		3,801		212,438
Legalzoom.com, Inc.*		6,871		56,136
NV5 Global, Inc.*		970		102,063
Planet Labs PBC*		11,139		51,351
Red Violet, Inc.*		696		14,177
Resources Connection, Inc.		2,299		41,520
Skillsoft Corp.*		5,816		9,073
Spire Global, Inc.*		8,960		9,229
Sterling Check Corp.*		1,698		21,599
TriNet Group, Inc.*		2,683		222,340
TrueBlue, Inc.*		2,305		43,103
Upwork, Inc.*		8,701		98,669
Willdan Group, Inc.*		830		14,990
				2,990,073
Real Estate Management & Development - 0.5%
American Realty Investors, Inc.*		107		2,528
Anywhere Real Estate, Inc.*		7,689		44,519
Compass, Inc., Class A*		19,563		70,622
Cushman & Wakefield plc*		11,394		147,438
DigitalBridge Group, Inc.		11,314		138,823
Doma Holdings, Inc.*(b)		9,950		5,672
Douglas Elliman, Inc.		5,415		22,851
eXp World Holdings, Inc.(b)		4,990		60,279
Forestar Group, Inc.*		1,306		18,637
FRP Holdings, Inc.*		479		26,177
Kennedy-Wilson Holdings, Inc.		8,460		141,367
Marcus & Millichap, Inc.		1,803		61,969
Newmark Group, Inc., Class A		9,678		77,618
Offerpad Solutions, Inc.*(b)		4,893		2,781
RE/MAX Holdings, Inc., Class A		1,273		23,538
Redfin Corp.*		7,615		56,427
RMR Group, Inc. (The), Class A		1,097		30,870
St Joe Co. (The)		2,468		105,704
Stratus Properties, Inc.		424		9,035
Tejon Ranch Co.*		1,488		28,585
Transcontinental Realty Investors, Inc.*		90		3,925
				1,079,365
Road & Rail - 0.5%
ArcBest Corp.		1,751		168,446
Bird Global, Inc., Class A*(b)		12,602		2,548
Covenant Logistics Group, Inc.		666		23,077
Daseke, Inc.*		2,886		23,521
Heartland Express, Inc.		3,345		53,955
Marten Transport Ltd.		4,178		92,209
PAM Transportation Services, Inc.*		471		13,659
Saia, Inc.*		1,900		514,653
TuSimple Holdings, Inc., Class A*		10,023		19,244
Universal Logistics Holdings, Inc.		513		15,236
Werner Enterprises, Inc.		4,540		210,883
				1,137,431
Semiconductors & Semiconductor Equipment - 2.4%
ACM Research, Inc., Class A*		3,434		35,645
Alpha & Omega Semiconductor Ltd.*		1,577		42,122
Ambarella, Inc.*		2,608		245,961
Amkor Technology, Inc.		7,272		187,327
Atomera, Inc.*(b)		1,478		9,799
Axcelis Technologies, Inc.*		2,341		300,912
AXT, Inc.*		2,949		12,887
CEVA, Inc.*		1,637		51,664
Cohu, Inc.*		3,370		125,364
Credo Technology Group Holding Ltd.*		6,907		73,283
Diodes, Inc.*		3,189		292,399
FormFactor, Inc.*		5,524		166,272
Ichor Holdings Ltd.*		2,011		66,262
Impinj, Inc.*		1,535		203,572
indie Semiconductor, Inc., Class A*(b)		7,307		76,431
Kulicke & Soffa Industries, Inc.		4,089		217,944
MACOM Technology Solutions Holdings, Inc.*		3,621		248,183
MaxLinear, Inc.*		5,211		178,268
Onto Innovation, Inc.*		3,550		292,769
PDF Solutions, Inc.*		2,153		80,608
Photronics, Inc.*		4,291		75,607
Power Integrations, Inc.		4,062		334,100
Rambus, Inc.*		7,656		338,625
Rigetti Computing, Inc.*		5,629		4,220
Semtech Corp.*		4,535		139,723
Silicon Laboratories, Inc.*		2,367		422,581
SiTime Corp.*		1,163		144,386
SkyWater Technology, Inc.*(b)		809		10,622

UltraPro Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
SMART Global Holdings, Inc.*		3,438		57,415
Synaptics, Inc.*		2,842		334,248
Transphorm, Inc.*(b)		1,629		6,158
Ultra Clean Holdings, Inc.*		3,235		103,067
Veeco Instruments, Inc.*		3,635		77,316
				4,955,740
Software - 4.0%
8x8, Inc.*		7,973		42,416
A10 Networks, Inc.		4,575		69,632
ACI Worldwide, Inc.*		8,031		207,601
Adeia, Inc.		7,465		73,605
Agilysys, Inc.*		1,419		113,392
Alarm.com Holdings, Inc.*		3,447		175,211
Alkami Technology, Inc.*		2,599		39,921
Altair Engineering, Inc., Class A*		3,722		238,431
American Software, Inc., Class A		2,249		30,451
Amplitude, Inc., Class A*		4,006		52,879
Appfolio, Inc., Class A*		1,388		183,299
Appian Corp., Class A*		2,867		118,837
Applied Digital Corp.*		4,840		12,826
Arteris, Inc.*		1,272		8,357
Asana, Inc., Class A*(b)		5,276		78,032
AvePoint, Inc.*		9,366		46,830
Blackbaud, Inc.*		3,327		185,281
Blackline, Inc.*		3,956		270,432
Blend Labs, Inc., Class A*		13,561		21,426
Box, Inc., Class A*		10,015		334,000
C3.ai, Inc., Class A*(b)		4,196		94,746
Cerence, Inc.*		2,814		77,047
Cipher Mining, Inc.*(b)		2,799		4,254
Cleanspark, Inc.*(b)		3,269		9,022
Clear Secure, Inc., Class A		4,459		137,070
CommVault Systems, Inc.*		3,189		187,768
Consensus Cloud Solutions, Inc.*		1,349		55,363
Couchbase, Inc.*		2,028		32,975
CS Disco, Inc.*		1,614		11,298
Cvent Holding Corp.*		3,242		23,537
Digimarc Corp.*(b)		981		20,003
Digital Turbine, Inc.*		6,728		72,259
Domo, Inc., Class B*		2,216		34,060
Duck Creek Technologies, Inc.*		5,532		104,776
E2open Parent Holdings, Inc.*		14,272		88,486
Ebix, Inc.		1,888		32,813
eGain Corp.*		1,512		11,809
Enfusion, Inc., Class A*		1,917		20,550
EngageSmart, Inc.*		2,546		53,568
Envestnet, Inc.*		3,936		246,039
Everbridge, Inc.*		2,866		93,661
EverCommerce, Inc.*(b)		1,709		17,090
ForgeRock, Inc., Class A*(b)		2,730		55,801
Greenidge Generation Holdings, Inc.*(b)		1,032		531
Instructure Holdings, Inc.*(b)		1,237		31,878
Intapp, Inc.*		1,031		40,807
InterDigital, Inc.		2,127		155,250
IronNet, Inc.*(b)		4,713		2,244
Kaleyra, Inc.*(b)		2,255		1,925
Latch, Inc.*(b)		7,787		6,152
LivePerson, Inc.*		5,040		51,005
LiveRamp Holdings, Inc.*		4,731		111,794
LiveVox Holdings, Inc.*		1,621		3,696
Marathon Digital Holdings, Inc.*(b)		8,384		59,526
Matterport, Inc.*		16,051		48,956
MeridianLink, Inc.*		1,648		25,973
MicroStrategy, Inc., Class A*		673		176,508
Mitek Systems, Inc.*(b)		3,024		28,123
Model N, Inc.*		2,626		87,183
Momentive Global, Inc.*		9,335		64,412
N-able, Inc.*		4,885		57,838
NextNav, Inc.*(b)		4,798		13,243
Olo, Inc., Class A*		6,440		51,069
ON24, Inc.*		2,979		28,718
OneSpan, Inc.*		2,838		38,370
PagerDuty, Inc.*		6,195		184,983
Porch Group, Inc.*		5,870		14,675
PowerSchool Holdings, Inc., Class A*		3,267		74,978
Progress Software Corp.		3,078		176,800
PROS Holdings, Inc.*		2,933		76,522
Q2 Holdings, Inc.*		4,002		129,185
Qualys, Inc.*		2,764		326,567
Rapid7, Inc.*		4,229		200,032
Rimini Street, Inc.*		3,535		15,130
Riot Platforms, Inc.*(b)		11,356		70,975
Sapiens International Corp. NV		2,296		47,344
SecureWorks Corp., Class A*		720		5,450
ShotSpotter, Inc.*		638		21,756
SolarWinds Corp.*		3,459		29,471
Sprout Social, Inc., Class A*		3,351		204,344
SPS Commerce, Inc.*		2,599		391,513
Sumo Logic, Inc.*		8,321		98,770
Telos Corp.*		3,860		14,938
Tenable Holdings, Inc.*		8,010		354,282
Terawulf, Inc.*		1,553		1,001
Upland Software, Inc.*		2,116		12,252
Varonis Systems, Inc.*		7,805		211,359
Verint Systems, Inc.*		4,558		170,378
Veritone, Inc.*(b)		2,242		15,896
Viant Technology, Inc., Class A*		1,031		4,052
Weave Communications, Inc.*		2,262		11,695
WM Technology, Inc.*(b)		5,433		6,003
Workiva, Inc.*		3,414		304,529
Xperi, Inc.*		2,984		34,883
Yext, Inc.*		8,157		59,872
Zeta Global Holdings Corp., Class A*		7,956		84,413
Zuora, Inc., Class A*		8,901		75,391
				8,301,494
Specialty Retail - 2.1%
Aaron’s Co., Inc. (The)		2,169		31,125
Abercrombie & Fitch Co., Class A*		3,487		102,553
Academy Sports & Outdoors, Inc.		5,553		328,460
American Eagle Outfitters, Inc.		11,053		158,832
America’s Car-Mart, Inc.*		422		35,853
Arko Corp.		5,975		47,919
Asbury Automotive Group, Inc.*		1,586		360,181
Bed Bath & Beyond, Inc.*(b)		5,504		7,761
Big 5 Sporting Goods Corp.(b)		1,534		13,545
Boot Barn Holdings, Inc.*		2,114		163,729
Buckle, Inc. (The)		2,162		88,188
Build-A-Bear Workshop, Inc.*		970		20,322
Caleres, Inc.		2,526		65,954
Camping World Holdings, Inc., Class A(b)		2,788		63,650
Cato Corp. (The), Class A		1,299		12,016
Chico’s FAS, Inc.*		8,771		50,433
Children’s Place, Inc. (The)*		906		37,934

UltraPro Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Citi Trends, Inc.*		580		16,263
Conn’s, Inc.*		936		8,022
Container Store Group, Inc. (The)*		2,328		10,127
Designer Brands, Inc., Class A		3,624		35,479
Destination XL Group, Inc.*		4,111		24,584
EVgo, Inc.*(b)		4,869		28,873
Express, Inc.*		4,601		4,693
Foot Locker, Inc.		5,782		252,789
Genesco, Inc.*		899		40,428
Group 1 Automotive, Inc.		1,010		223,281
GrowGeneration Corp.*		4,112		17,414
Guess?, Inc.		2,221		46,730
Haverty Furniture Cos., Inc.		1,043		39,363
Hibbett, Inc.		908		65,312
JOANN, Inc.(b)		789		2,864
LL Flooring Holdings, Inc.*		2,064		10,423
MarineMax, Inc.*		1,517		50,941
Monro, Inc.		2,238		112,885
Murphy USA, Inc.		1,499		382,380
National Vision Holdings, Inc.*		5,620		209,963
ODP Corp. (The)*		2,866		129,772
OneWater Marine, Inc., Class A*		809		22,506
Sally Beauty Holdings, Inc.*		7,671		123,426
Shoe Carnival, Inc.		1,234		32,516
Signet Jewelers Ltd.		3,280		234,914
Sleep Number Corp.*		1,529		60,946
Sonic Automotive, Inc., Class A		1,290		73,388
Sportsman’s Warehouse Holdings, Inc.*		2,759		24,803
Tile Shop Holdings, Inc.*		2,220		12,121
Tilly’s, Inc., Class A*		1,620		14,062
Torrid Holdings, Inc.*(b)		1,046		2,856
TravelCenters of America, Inc.*		904		76,252
Upbound Group, Inc.		3,579		96,096
Urban Outfitters, Inc.*		4,576		123,323
Volta, Inc.*(b)		8,849		7,592
Warby Parker, Inc., Class A*		5,979		77,787
Winmark Corp.		202		58,984
Zumiez, Inc.*		1,121		26,074
				4,368,687
Technology Hardware, Storage & Peripherals - 0.3%
Avid Technology, Inc.*		2,492		72,418
CompoSecure, Inc.*		586		4,049
Corsair Gaming, Inc.*		2,745		48,037
Diebold Nixdorf, Inc.*		5,234		16,853
Eastman Kodak Co.*(b)		4,095		14,169
IonQ, Inc.*(b)		8,523		40,399
Super Micro Computer, Inc.*		3,318		325,064
Turtle Beach Corp.*		1,110		8,980
Xerox Holdings Corp.		8,191		135,070
				665,039
Textiles, Apparel & Luxury Goods - 0.7%
Allbirds, Inc., Class A*(b)		6,917		19,783
Crocs, Inc.*		4,347		529,073
Ermenegildo Zegna NV(b)		4,290		55,856
Fossil Group, Inc.*		3,379		14,631
G-III Apparel Group Ltd.*		3,081		51,191
Kontoor Brands, Inc.		3,981		207,609
Movado Group, Inc.		1,107		38,324
Oxford Industries, Inc.		1,083		127,372
PLBY Group, Inc.*(b)		2,927		6,234
Rocky Brands, Inc.		493		13,124
Steven Madden Ltd.		5,513		200,122
Superior Group of Cos., Inc.		845		9,785
Unifi, Inc.*		1,025		10,609
Wolverine World Wide, Inc.		5,546		92,895
				1,376,608
Thrifts & Mortgage Finance - 1.2%
Axos Financial, Inc.*		4,108		194,678
Blue Foundry Bancorp*		1,836		22,473
Bridgewater Bancshares, Inc.*		1,458		21,447
Capitol Federal Financial, Inc.		9,314		78,144
Columbia Financial, Inc.*(b)		2,437		51,421
Enact Holdings, Inc.		2,152		52,186
Essent Group Ltd.		7,549		324,230
Federal Agricultural Mortgage Corp., Class C		651		92,351
Finance of America Cos., Inc., Class A*(b)		2,810		4,103
Greene County Bancorp, Inc.		244		13,737
Hingham Institution For Savings (The)		104		29,609
Home Bancorp, Inc.		522		20,645
Home Point Capital, Inc.		571		896
Kearny Financial Corp.		4,259		42,760
Luther Burbank Corp.		1,062		12,351
Merchants Bancorp		1,129		34,152
Mr Cooper Group, Inc.*		4,964		230,478
NMI Holdings, Inc., Class A*		5,881		137,263
Northfield Bancorp, Inc.		3,059		44,998
PennyMac Financial Services, Inc.		1,916		115,861
Pioneer Bancorp, Inc.*		830		9,387
Provident Bancorp, Inc.		1,032		9,463
Provident Financial Services, Inc.		5,239		122,331
Radian Group, Inc.		11,280		240,828
Southern Missouri Bancorp, Inc.		563		26,056
Sterling Bancorp, Inc.*		1,240		7,688
TrustCo Bank Corp.		1,346		50,421
Velocity Financial, Inc.*		618		5,957
Walker & Dunlop, Inc.		2,199		191,819
Waterstone Financial, Inc.		1,353		21,783
WSFS Financial Corp.		4,392		219,205
				2,428,721
Tobacco - 0.1%
22nd Century Group, Inc.*(b)		11,598		10,479
Turning Point Brands, Inc.		1,060		25,334
Universal Corp.		1,730		87,520
Vector Group Ltd.		10,299		136,668
				260,001
Trading Companies & Distributors - 1.5%
Alta Equipment Group, Inc.		1,486		27,952
Applied Industrial Technologies, Inc.		2,742		391,722
Beacon Roofing Supply, Inc.*		3,682		239,330
BlueLinx Holdings, Inc.*		630		53,166
Boise Cascade Co.		2,829		195,512
Custom Truck One Source, Inc.*		4,273		30,937
Distribution Solutions Group, Inc.*		357		15,854
DXP Enterprises, Inc.*		1,099		31,772
GATX Corp.		2,515		274,361
Global Industrial Co.		932		26,217
GMS, Inc.*		3,052		185,287
H&E Equipment Services, Inc.		2,286		126,873
Herc Holdings, Inc.		1,799		258,318
Hudson Technologies, Inc.*		3,088		31,281
Karat Packaging, Inc.		407		6,309
McGrath RentCorp		1,735		178,427

UltraPro Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
MRC Global, Inc.*		5,948		66,618
NOW, Inc.*		7,900		101,515
Rush Enterprises, Inc., Class A		2,981		168,963
Rush Enterprises, Inc., Class B		468		28,071
Textainer Group Holdings Ltd.		3,114		102,513
Titan Machinery, Inc.*		1,450		66,396
Transcat, Inc.*		510		45,895
Triton International Ltd.		4,176		287,893
Veritiv Corp.		937		141,899
				3,083,081
Water Utilities - 0.4%
American States Water Co.		2,644		236,109
Artesian Resources Corp., Class A		589		33,178
California Water Service Group		3,885		222,377
Global Water Resources, Inc.		978		12,910
Middlesex Water Co.		1,243		95,090
Pure Cycle Corp.*		1,394		12,309
SJW Group		1,933		147,759
York Water Co. (The)		1,015		44,132
				803,864
Wireless Telecommunication Services - 0.1%
Gogo, Inc.*		3,544		58,334
KORE Group Holdings, Inc.*(b)		3,019		5,193
Shenandoah Telecommunications Co.		3,470		67,734
Telephone and Data Systems, Inc.		7,227		91,711
United States Cellular Corp.*		1,051		25,361
				248,333
TOTAL COMMON STOCKS (Cost $209,052,573)				174,452,963

Investments	Number of Rights		Value ($)
RIGHTS - 0.0%(d)
Biotechnology - 0.0%
Aduro Biotech, Inc., CVR*(e)(f)		899		—
Oncternal Therapeutics, Inc., CVR*(e)(f)		23		—
Tobira Therapeutics, Inc., CVR*(e)(f)		218		—
				—
Food Products - 0.0%(d)
Contraf-Nicotex-Tobacco GmbH, CVR*(e)(f)		1,074		537
TOTAL RIGHTS (Cost $2,244)				537

Investments	Shares		Value ($)
SECURITIES LENDING REINVESTMENTS(g) - 1.9%
INVESTMENT COMPANIES - 1.9%
BlackRock Liquidity FedFund, Institutional Class 4.42% (Cost $3,866,622)		3,866,622		3,866,622

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 9.0%
REPURCHASE AGREEMENTS(h) - 9.0%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $18,691,760
(Cost $18,689,439)		18,689,439		18,689,439
Total Investments - 95.2% (Cost $231,610,878)				197,009,561
Other assets less liabilities - 4.8%				9,894,784
Net Assets - 100.0%				206,904,345

UltraPro Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $51,510,074.
(b)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $5,008,136, collateralized in the form of cash with a value of $3,866,622 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Portfolio Investments and $1,378,305 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 6.25%, and maturity dates ranging from March 2, 2023 – May 15, 2052. The total value of collateral is $5,244,927.
(c)	Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.
(d)	Represents less than 0.05% of net assets.
(e)	Security fair valued as of February 28, 2023 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at February 28, 2023 amounted to $537, which represents approximately 0.00% of net assets of the Fund.
(f)	Illiquid security.
(g)	The security was purchased with cash collateral held from securities on loan at February 28, 2023. The total value of securities purchased was $3,866,622.
(h)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Abbreviations
CVR	Contingent Value Rights - No defined expiration

UltraPro Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Purchased

UltraPro Russell2000 had the following open long futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
Russell 2000 E-Mini Index		89	3/17/2023	USD	$	8,450,995	$	564,265

Swap Agreements

UltraPro Russell2000 had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	59,584,456	5/8/2023	Bank of America NA		4.42	%	Russell 2000® Index		(30,786,394	)
	42,431,872	11/6/2023	Barclays Capital		5.07	%	Russell 2000® Index		(1,179,513	)
	54,758,513	5/8/2023	BNP Paribas SA		4.72	%	Russell 2000® Index		(31,535,899	)
	23,592,864	11/6/2023	Citibank NA		4.86	%	Russell 2000® Index		1,762,352
	29,018,256	4/10/2023	Goldman Sachs International		4.97	%	Russell 2000® Index		(3,558,627	)
	102,852,901	11/6/2023	Morgan Stanley & Co. International plc		5.02	%	Russell 2000® Index		(8,893,905	)
	80,872,478	4/8/2024	Societe Generale		4.92	%	Russell 2000® Index		(209,675	)
	44,641,866	3/7/2023	UBS AG		4.57	%	Russell 2000® Index		(17,318,947	)
	437,753,206								(91,720,608	)
							Total Unrealized Appreciation		1,762,352
							Total Unrealized Depreciation		(93,482,960	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

UltraPro S&P500^®
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS(a) - 85.0%
Aerospace & Defense - 1.6%
Boeing Co. (The)*		31,723		6,393,771
General Dynamics Corp.		12,739		2,903,346
Howmet Aerospace, Inc.		20,862		879,959
Huntington Ingalls Industries, Inc.		2,284		491,517
L3Harris Technologies, Inc.		10,789		2,278,529
Lockheed Martin Corp.		13,219		6,269,243
Northrop Grumman Corp.		8,244		3,826,123
Raytheon Technologies Corp.		83,481		8,188,651
Textron, Inc.		11,829		857,957
TransDigm Group, Inc.		2,928		2,178,051
				34,267,147
Air Freight & Logistics - 0.5%
CH Robinson Worldwide, Inc.		6,653		665,034
Expeditors International of Washington, Inc.		9,054		946,686
FedEx Corp.		13,656		2,775,173
United Parcel Service, Inc., Class B		41,429		7,560,378
				11,947,271
Airlines - 0.2%
Alaska Air Group, Inc.*		7,139		341,458
American Airlines Group, Inc.*		36,873		589,231
Delta Air Lines, Inc.*		36,433		1,396,841
Southwest Airlines Co.		33,726		1,132,519
United Airlines Holdings, Inc.*		18,579		965,365
				4,425,414
Auto Components - 0.1%
Aptiv plc*		15,401		1,790,828
BorgWarner, Inc.		13,322		669,830
				2,460,658
Automobiles - 1.7%
Ford Motor Co.		224,161		2,705,623
General Motors Co.		80,573		3,121,398
Tesla, Inc.*		152,257		31,320,788
				37,147,809
Banks - 3.4%
Bank of America Corp.		396,093		13,585,990
Citigroup, Inc.		109,994		5,575,596
Citizens Financial Group, Inc.		28,018		1,170,032
Comerica, Inc.		7,439		521,474
Fifth Third Bancorp		38,978		1,414,901
First Republic Bank		10,449		1,285,331
Huntington Bancshares, Inc.		81,843		1,253,835
JPMorgan Chase & Co.		166,479		23,864,765
KeyCorp		52,861		966,828
M&T Bank Corp.		9,773		1,517,649
PNC Financial Services Group, Inc. (The)		22,855		3,609,261
Regions Financial Corp.		53,018		1,236,380
Signature Bank		3,533		406,472
SVB Financial Group*		3,325		957,966
Truist Financial Corp.		75,330		3,536,743
US Bancorp		76,764		3,663,946
Wells Fargo & Co.		216,286		10,115,696
Zions Bancorp NA		8,504		430,472
				75,113,337
Beverages - 1.5%
Brown-Forman Corp., Class B		10,445		677,567
Coca-Cola Co. (The)		220,908		13,146,235
Constellation Brands, Inc., Class A		9,248		2,068,778
Keurig Dr Pepper, Inc.		48,172		1,664,343
Molson Coors Beverage Co., Class B		10,644		566,154
Monster Beverage Corp.*		21,569		2,194,861
PepsiCo, Inc.		78,157		13,562,584
				33,880,522
Biotechnology - 1.9%
AbbVie, Inc.		100,328		15,440,479
Amgen, Inc.		30,299		7,019,066
Biogen, Inc.*		8,195		2,211,503
Gilead Sciences, Inc.		71,205		5,734,139
Incyte Corp.*		10,549		812,062
Moderna, Inc.*		18,694		2,594,914
Regeneron Pharmaceuticals, Inc.*		6,144		4,672,020
Vertex Pharmaceuticals, Inc.*		14,593		4,236,202
				42,720,385
Building Products - 0.4%
A O Smith Corp.		7,140		468,598
Allegion plc		4,967		559,831
Carrier Global Corp.		47,424		2,135,503
Johnson Controls International plc		39,090		2,451,725
Masco Corp.		12,763		669,164
Trane Technologies plc		13,017		2,407,754
				8,692,575
Capital Markets - 2.7%
Ameriprise Financial, Inc.		6,103		2,092,536
Bank of New York Mellon Corp. (The)		41,746		2,124,036
BlackRock, Inc.		8,526		5,878,080
Cboe Global Markets, Inc.		6,082		767,366
Charles Schwab Corp. (The)		86,558		6,744,599
CME Group, Inc.		20,466		3,793,578
FactSet Research Systems, Inc.		2,177		902,475
Franklin Resources, Inc.		16,046		472,876
Goldman Sachs Group, Inc. (The)		19,271		6,776,647
Intercontinental Exchange, Inc.		31,650		3,221,970
Invesco Ltd.		25,831		456,175
MarketAxess Holdings, Inc.		2,146		732,752
Moody’s Corp.		8,959		2,599,454
Morgan Stanley		74,772		7,215,498
MSCI, Inc.		4,499		2,349,153
Nasdaq, Inc.		19,283		1,081,005
Northern Trust Corp.		11,813		1,125,425
Raymond James Financial, Inc.		10,916		1,183,949
S&P Global, Inc.		18,863		6,436,056
State Street Corp.		20,786		1,843,302
T. Rowe Price Group, Inc.		12,715		1,427,640
				59,224,572
Chemicals - 1.6%
Air Products and Chemicals, Inc.		12,615		3,607,638
Albemarle Corp.		6,619		1,683,278
Celanese Corp.		5,628		654,142
CF Industries Holdings, Inc.		11,119		955,011
Corteva, Inc.		40,507		2,523,181
Dow, Inc.		39,949		2,285,083
DuPont de Nemours, Inc.		28,215		2,060,541
Eastman Chemical Co.		6,781		577,741
Ecolab, Inc.		14,015		2,233,571
FMC Corp.		7,222		932,721
International Flavors & Fragrances, Inc.		14,496		1,351,027
Linde plc		28,126		9,798,255

UltraPro S&P500^®
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
LyondellBasell Industries NV, Class A		14,439		1,386,000
Mosaic Co. (The)		19,376		1,030,609
PPG Industries, Inc.		13,355		1,763,661
Sherwin-Williams Co. (The)		13,405		2,967,197
				35,809,656
Commercial Services & Supplies - 0.4%
Cintas Corp.		4,955		2,172,619
Copart, Inc.*		24,336		1,714,715
Republic Services, Inc.		11,608		1,496,619
Rollins, Inc.		13,124		461,965
Waste Management, Inc.		21,257		3,183,448
				9,029,366
Communications Equipment - 0.8%
Arista Networks, Inc.*		13,999		1,941,661
Cisco Systems, Inc.		233,098		11,286,605
F5, Inc.*		3,382		483,558
Juniper Networks, Inc.		18,448		567,830
Motorola Solutions, Inc.		9,502		2,497,221
				16,776,875
Construction & Engineering - 0.1%
Quanta Services, Inc.		8,127		1,311,698
Construction Materials - 0.1%
Martin Marietta Materials, Inc.		3,523		1,267,822
Vulcan Materials Co.		7,546		1,365,147
				2,632,969
Consumer Finance - 0.5%
American Express Co.		33,833		5,886,604
Capital One Financial Corp.		21,591		2,355,146
Discover Financial Services		15,540		1,740,480
Synchrony Financial		25,582		913,533
				10,895,763
Containers & Packaging - 0.2%
Amcor plc		84,506		941,397
Avery Dennison Corp.		4,561		830,969
Ball Corp.		17,773		999,020
International Paper Co.		20,243		736,643
Packaging Corp. of America		5,216		713,131
Sealed Air Corp.		8,242		400,726
Westrock Co.		14,467		454,264
				5,076,150
Distributors - 0.1%
Genuine Parts Co.		8,019		1,418,240
LKQ Corp.		14,429		826,637
Pool Corp.		2,232		796,512
				3,041,389
Diversified Financial Services - 1.4%
Berkshire Hathaway, Inc., Class B*		102,231		31,198,857
Diversified Telecommunication Services - 0.8%
AT&T, Inc.		404,561		7,650,248
Lumen Technologies, Inc.		53,972		183,505
Verizon Communications, Inc.		238,302		9,248,501
				17,082,254
Electric Utilities - 1.6%
Alliant Energy Corp.		14,270		731,623
American Electric Power Co., Inc.		29,171		2,566,173
Constellation Energy Corp.		18,585		1,391,831
Duke Energy Corp.		43,734		4,122,367
Edison International		21,602		1,430,268
Entergy Corp.		11,609		1,194,218
Evergy, Inc.		12,978		763,236
Eversource Energy		19,721		1,486,174
Exelon Corp.		56,433		2,279,329
FirstEnergy Corp.		30,804		1,217,990
NextEra Energy, Inc.		112,763		8,009,556
NRG Energy, Inc.		13,023		427,024
PG&E Corp.*		91,315		1,426,340
Pinnacle West Capital Corp.		6,426		473,468
PPL Corp.		41,795		1,131,391
Southern Co. (The)		61,755		3,894,270
Xcel Energy, Inc.		31,074		2,006,448
				34,551,706
Electrical Equipment - 0.5%
AMETEK, Inc.		12,977		1,837,024
Eaton Corp. plc		22,600		3,953,418
Emerson Electric Co.		33,591		2,778,312
Generac Holdings, Inc.*		3,560		427,235
Rockwell Automation, Inc.		6,519		1,922,649
				10,918,638
Electronic Equipment, Instruments & Components - 0.6%
Amphenol Corp., Class A		33,761		2,617,153
CDW Corp.		7,656		1,549,727
Corning, Inc.		43,221		1,467,353
Keysight Technologies, Inc.*		10,134		1,621,035
TE Connectivity Ltd.		18,058		2,299,144
Teledyne Technologies, Inc.*		2,653		1,140,976
Trimble, Inc.*		13,945		725,977
Zebra Technologies Corp., Class A*		2,927		878,832
				12,300,197
Energy Equipment & Services - 0.4%
Baker Hughes Co.		56,862		1,739,977
Halliburton Co.		51,530		1,866,932
Schlumberger Ltd.		80,445		4,280,478
				7,887,387
Entertainment - 1.2%
Activision Blizzard, Inc.		40,469		3,085,761
Electronic Arts, Inc.		14,876		1,650,344
Live Nation Entertainment, Inc.*(b)		8,134		586,136
Netflix, Inc.*		25,264		8,138,292
Take-Two Interactive Software, Inc.*		8,969		982,554
Walt Disney Co. (The)*		103,557		10,315,313
Warner Bros Discovery, Inc.*		125,445		1,959,451
				26,717,851
Equity Real Estate Investment Trusts (REITs) - 2.2%
Alexandria Real Estate Equities, Inc.		8,485		1,270,883
American Tower Corp.		26,388		5,225,088
AvalonBay Communities, Inc.		7,953		1,372,052
Boston Properties, Inc.		8,121		531,763
Camden Property Trust		6,111		701,298
Crown Castle, Inc.		24,588		3,214,881
Digital Realty Trust, Inc.		16,337		1,702,806
Equinix, Inc.		5,216		3,590,016
Equity Residential		19,345		1,209,449
Essex Property Trust, Inc.		3,671		837,208
Extra Space Storage, Inc.		7,567		1,245,907
Federal Realty Investment Trust		4,160		444,205
Healthpeak Properties, Inc.		30,470		733,108
Host Hotels & Resorts, Inc.		40,533		680,954
Invitation Homes, Inc.		32,899		1,028,423
Iron Mountain, Inc.		16,532		872,063
Kimco Realty Corp.		35,027		721,907

UltraPro S&P500^®
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Mid-America Apartment Communities, Inc.		6,518		1,043,532
Prologis, Inc.		52,365		6,461,841
Public Storage		8,990		2,687,561
Realty Income Corp.		35,616		2,277,643
Regency Centers Corp.		8,718		548,362
SBA Communications Corp.		6,119		1,586,963
Simon Property Group, Inc.		18,580		2,268,432
UDR, Inc.		17,391		745,030
Ventas, Inc.		22,686		1,103,674
VICI Properties, Inc.		54,762		1,836,170
Welltower, Inc.		26,823		1,988,121
Weyerhaeuser Co.		41,785		1,305,781
				49,235,121
Food & Staples Retailing - 1.3%
Costco Wholesale Corp.		25,130		12,167,444
Kroger Co. (The)		36,963		1,594,584
Sysco Corp.		28,733		2,142,620
Walgreens Boots Alliance, Inc.		40,761		1,448,238
Walmart, Inc.		80,102		11,384,897
				28,737,783
Food Products - 1.0%
Archer-Daniels-Midland Co.		31,189		2,482,644
Campbell Soup Co.		11,464		602,089
Conagra Brands, Inc.		27,130		987,803
General Mills, Inc.		33,713		2,680,521
Hershey Co. (The)		8,333		1,985,920
Hormel Foods Corp.		16,457		730,362
J M Smucker Co. (The)		6,112		903,904
Kellogg Co.		14,549		959,361
Kraft Heinz Co. (The)		45,206		1,760,322
Lamb Weston Holdings, Inc.		8,184		823,638
McCormick & Co., Inc. (Non-Voting)		14,243		1,058,540
Mondelez International, Inc., Class A		77,518		5,052,623
Tyson Foods, Inc., Class A		16,465		975,387
				21,003,114
Gas Utilities - 0.0%(c)
Atmos Energy Corp.		7,953		897,178
Health Care Equipment & Supplies - 2.4%
Abbott Laboratories		98,989		10,069,161
Align Technology, Inc.*		4,133		1,279,163
Baxter International, Inc.		28,586		1,142,011
Becton Dickinson and Co.		16,170		3,792,673
Boston Scientific Corp.*		81,340		3,800,205
Cooper Cos., Inc. (The)		2,788		911,592
DENTSPLY SIRONA, Inc.		12,176		463,540
Dexcom, Inc.*		21,888		2,429,787
Edwards Lifesciences Corp.*		34,994		2,814,917
GE HealthCare Technologies, Inc.*		21,030		1,598,280
Hologic, Inc.*		14,144		1,126,428
IDEXX Laboratories, Inc.*		4,662		2,206,245
Intuitive Surgical, Inc.*		20,063		4,602,252
Medtronic plc		75,476		6,249,413
ResMed, Inc.		8,262		1,759,806
STERIS plc		5,632		1,058,985
Stryker Corp.		19,123		5,027,054
Teleflex, Inc.		2,655		632,501
Zimmer Biomet Holdings, Inc.		11,895		1,473,434
				52,437,447
Health Care Providers & Services - 2.8%
AmerisourceBergen Corp.		9,224		1,434,886
Cardinal Health, Inc.		14,869		1,125,732
Centene Corp.*		32,148		2,198,923
Cigna Group (The)		17,373		5,074,653
CVS Health Corp.		74,582		6,230,580
DaVita, Inc.*		3,128		257,309
Elevance Health, Inc.		13,621		6,397,375
HCA Healthcare, Inc.		11,978		2,916,044
Henry Schein, Inc.*		7,665		600,246
Humana, Inc.		7,202		3,565,134
Laboratory Corp. of America Holdings		5,032		1,204,460
McKesson Corp.		8,070		2,822,967
Molina Healthcare, Inc.*		3,338		919,052
Quest Diagnostics, Inc.		6,472		895,466
UnitedHealth Group, Inc.		52,994		25,221,964
Universal Health Services, Inc., Class B		3,606		481,653
				61,346,444
Hotels, Restaurants & Leisure - 1.8%
Booking Holdings, Inc.*		2,216		5,593,184
Caesars Entertainment, Inc.*		12,167		617,597
Carnival Corp.*(b)		56,860		603,853
Chipotle Mexican Grill, Inc.*		1,523		2,270,915
Darden Restaurants, Inc.		6,961		995,353
Domino’s Pizza, Inc.		2,010		590,960
Expedia Group, Inc.*		8,549		931,585
Hilton Worldwide Holdings, Inc.		15,369		2,220,974
Las Vegas Sands Corp.*		18,583		1,067,965
Marriott International, Inc., Class A		15,299		2,589,203
McDonald’s Corp.		41,477		10,946,195
MGM Resorts International		18,093		778,180
Norwegian Cruise Line Holdings Ltd.*		23,850		353,457
Royal Caribbean Cruises Ltd.*		12,525		884,766
Starbucks Corp.		65,095		6,645,549
Wynn Resorts Ltd.*		5,860		635,048
Yum! Brands, Inc.		15,994		2,033,797
				39,758,581
Household Durables - 0.3%
DR Horton, Inc.		17,706		1,637,451
Garmin Ltd.		8,676		851,376
Lennar Corp., Class A		14,487		1,401,472
Mohawk Industries, Inc.*		2,993		307,830
Newell Brands, Inc.		21,414		314,572
NVR, Inc.*		183		946,772
PulteGroup, Inc.		12,862		703,166
Whirlpool Corp.		3,100		427,738
				6,590,377
Household Products - 1.2%
Church & Dwight Co., Inc.		13,820		1,157,840
Clorox Co. (The)		7,022		1,091,500
Colgate-Palmolive Co.		47,367		3,472,001
Kimberly-Clark Corp.		19,211		2,402,335
Procter & Gamble Co. (The)		134,473		18,498,106
				26,621,782
Independent Power and Renewable Electricity Producers - 0.0%(c)
AES Corp. (The)		37,899		935,347
Industrial Conglomerates - 0.7%
3M Co.		31,404		3,383,467
General Electric Co.		61,960		5,248,632

UltraPro S&P500^®
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Honeywell International, Inc.		38,159		7,306,685
				15,938,784
Insurance - 2.0%
Aflac, Inc.		32,121		2,189,046
Allstate Corp. (The)		14,984		1,929,640
American International Group, Inc.		42,179		2,577,559
Aon plc, Class A		11,719		3,563,162
Arch Capital Group Ltd.*		20,950		1,466,500
Arthur J Gallagher & Co.		11,898		2,229,090
Assurant, Inc.		3,000		382,170
Brown & Brown, Inc.		13,359		749,039
Chubb Ltd.		23,550		4,969,521
Cincinnati Financial Corp.		8,933		1,078,213
Everest Re Group Ltd.		2,239		859,709
Globe Life, Inc.		5,145		626,095
Hartford Financial Services Group, Inc. (The)		18,057		1,413,502
Lincoln National Corp.		8,718		276,535
Loews Corp.		11,172		682,497
Marsh & McLennan Cos., Inc.		28,163		4,566,349
MetLife, Inc.		37,446		2,686,002
Principal Financial Group, Inc.		12,844		1,150,309
Progressive Corp. (The)		33,232		4,769,457
Prudential Financial, Inc.		20,849		2,084,900
Travelers Cos., Inc. (The)		13,327		2,467,094
W R Berkley Corp.		11,629		769,723
Willis Towers Watson plc		6,156		1,442,720
				44,928,832
Interactive Media & Services - 3.6%
Alphabet, Inc., Class A*		338,993		30,529,709
Alphabet, Inc., Class C*		300,506		27,135,692
Match Group, Inc.*		15,845		656,300
Meta Platforms, Inc., Class A*		127,598		22,321,994
				80,643,695
Internet & Direct Marketing Retail - 2.2%
Amazon.com, Inc.*		503,840		47,476,843
eBay, Inc.		30,728		1,410,415
Etsy, Inc.*		7,204		874,638
				49,761,896
IT Services - 3.7%
Accenture plc, Class A		35,752		9,493,944
Akamai Technologies, Inc.*		8,938		648,899
Automatic Data Processing, Inc.		23,536		5,173,683
Broadridge Financial Solutions, Inc.		6,650		936,187
Cognizant Technology Solutions Corp., Class A		29,176		1,827,293
DXC Technology Co.*		13,000		360,620
EPAM Systems, Inc.*		3,283		1,010,015
Fidelity National Information Services, Inc.		33,702		2,135,696
Fiserv, Inc.*		35,962		4,138,866
FleetCor Technologies, Inc.*		4,202		902,547
Gartner, Inc.*		4,495		1,473,506
Global Payments, Inc.		15,375		1,725,075
International Business Machines Corp.		51,283		6,630,892
Jack Henry & Associates, Inc.		4,153		682,089
Mastercard, Inc., Class A		48,117		17,095,489
Paychex, Inc.		18,256		2,015,462
PayPal Holdings, Inc.*		64,741		4,764,938
VeriSign, Inc.*		5,252		1,033,751
Visa, Inc., Class A		92,788		20,407,793
				82,456,745
Leisure Products - 0.0%(c)
Hasbro, Inc.		7,381		406,029
Life Sciences Tools & Services - 1.6%
Agilent Technologies, Inc.		16,795		2,384,386
Bio-Rad Laboratories, Inc., Class A*		1,239		592,044
Bio-Techne Corp.		8,888		645,624
Charles River Laboratories International, Inc.*		2,881		631,919
Danaher Corp.		37,110		9,185,838
Illumina, Inc.*		8,941		1,781,047
IQVIA Holdings, Inc.*		10,525		2,194,147
Mettler-Toledo International, Inc.*		1,285		1,842,317
PerkinElmer, Inc.		7,181		894,537
Thermo Fisher Scientific, Inc.		22,310		12,086,666
Waters Corp.*		3,356		1,043,347
West Pharmaceutical Services, Inc.		4,217		1,336,915
				34,618,787
Machinery - 1.6%
Caterpillar, Inc.		29,484		7,062,892
Cummins, Inc.		8,022		1,949,988
Deere & Co.		15,614		6,546,013
Dover Corp.		7,982		1,196,502
Fortive Corp.		20,088		1,339,066
IDEX Corp.		4,302		967,864
Illinois Tool Works, Inc.		15,860		3,697,917
Ingersoll Rand, Inc.		22,940		1,332,126
Nordson Corp.		3,058		671,659
Otis Worldwide Corp.		23,690		2,004,648
PACCAR, Inc.		29,529		2,131,958
Parker-Hannifin Corp.		7,265		2,556,190
Pentair plc		9,406		526,172
Snap-on, Inc.		3,018		750,516
Stanley Black & Decker, Inc.		8,401		719,210
Westinghouse Air Brake Technologies Corp.		10,394		1,084,406
Xylem, Inc.		10,219		1,048,980
				35,586,107
Media - 0.7%
Charter Communications, Inc., Class A*		6,082		2,235,804
Comcast Corp., Class A		244,790		9,098,844
DISH Network Corp., Class A*		14,290		163,049
Fox Corp., Class A		17,137		600,138
Fox Corp., Class B		7,920		255,420
Interpublic Group of Cos., Inc. (The)		22,014		782,377
News Corp., Class A		21,631		370,972
News Corp., Class B		6,660		114,951
Omnicom Group, Inc.		11,638		1,054,054
Paramount Global, Class B		28,695		614,647
				15,290,256
Metals & Mining - 0.4%
Freeport-McMoRan, Inc.		81,123		3,323,609
Newmont Corp.		45,034		1,963,933
Nucor Corp.		14,581		2,441,443
Steel Dynamics, Inc.		9,436		1,189,974
				8,918,959
Multiline Retail - 0.4%
Dollar General Corp.		12,765		2,761,070

UltraPro S&P500^®
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Dollar Tree, Inc.*		11,879		1,725,781
Target Corp.		26,114		4,400,209
				8,887,060
Multi-Utilities - 0.7%
Ameren Corp.		14,709		1,216,581
CenterPoint Energy, Inc.		35,761		994,871
CMS Energy Corp.		16,506		973,359
Consolidated Edison, Inc.		20,199		1,804,781
Dominion Energy, Inc.		47,229		2,626,877
DTE Energy Co.		10,924		1,198,472
NiSource, Inc.		23,057		632,454
Public Service Enterprise Group, Inc.		28,251		1,707,208
Sempra Energy		17,843		2,675,736
WEC Energy Group, Inc.		17,909		1,587,812
				15,418,151
Oil, Gas & Consumable Fuels - 3.7%
APA Corp.		18,301		702,392
Chevron Corp.		100,978		16,234,233
ConocoPhillips		70,677		7,304,468
Coterra Energy, Inc.		44,803		1,118,731
Devon Energy Corp.		37,020		1,996,118
Diamondback Energy, Inc.		10,010		1,407,206
EOG Resources, Inc.		33,371		3,771,590
EQT Corp.		20,790		689,812
Exxon Mobil Corp.		233,703		25,686,297
Hess Corp.		15,748		2,121,256
Kinder Morgan, Inc.		112,278		1,915,463
Marathon Oil Corp.		35,947		904,067
Marathon Petroleum Corp.		26,611		3,289,120
Occidental Petroleum Corp.		41,279		2,417,298
ONEOK, Inc.		25,325		1,657,521
Phillips 66		26,833		2,751,993
Pioneer Natural Resources Co.		13,512		2,707,940
Targa Resources Corp.		12,834		950,999
Valero Energy Corp.		21,843		2,877,378
Williams Cos., Inc. (The)		69,158		2,081,656
				82,585,538
Personal Products - 0.1%
Estee Lauder Cos., Inc. (The), Class A		13,112		3,186,872
Pharmaceuticals - 3.6%
Bristol-Myers Squibb Co.		120,677		8,321,886
Catalent, Inc.*		10,204		696,117
Eli Lilly & Co.		44,813		13,946,702
Johnson & Johnson		148,364		22,738,267
Merck & Co., Inc.		143,861		15,283,792
Organon & Co.		14,463		354,199
Pfizer, Inc.		318,572		12,924,466
Viatris, Inc.		68,873		785,152
Zoetis, Inc.		26,417		4,411,639
				79,462,220
Professional Services - 0.3%
CoStar Group, Inc.*		23,088		1,631,398
Equifax, Inc.		6,964		1,410,419
Jacobs Solutions, Inc.		7,197		860,041
Leidos Holdings, Inc.		7,731		750,448
Robert Half International, Inc.		6,172		497,587
Verisk Analytics, Inc.		8,850		1,514,324
				6,664,217
Real Estate Management & Development - 0.1%
CBRE Group, Inc., Class A*		17,943		1,527,667
Road & Rail - 0.7%
CSX Corp.		119,330		3,638,372
JB Hunt Transport Services, Inc.		4,662		842,843
Norfolk Southern Corp.		13,126		2,950,987
Old Dominion Freight Line, Inc.		5,154		1,748,546
Union Pacific Corp.		34,800		7,213,344
				16,394,092
Semiconductors & Semiconductor Equipment - 5.0%
Advanced Micro Devices, Inc.*		91,467		7,187,516
Analog Devices, Inc.		29,200		5,357,324
Applied Materials, Inc.		48,886		5,678,109
Broadcom, Inc.		22,945		13,635,984
Enphase Energy, Inc.*		7,690		1,618,976
First Solar, Inc.*		5,593		946,000
Intel Corp.		234,205		5,838,731
KLA Corp.		8,065		3,059,700
Lam Research Corp.		7,714		3,749,081
Microchip Technology, Inc.		31,225		2,530,162
Micron Technology, Inc.		61,687		3,566,742
Monolithic Power Systems, Inc.		2,491		1,206,366
NVIDIA Corp.		141,308		32,806,065
NXP Semiconductors NV		14,745		2,631,687
ON Semiconductor Corp.*		24,558		1,901,035
Qorvo, Inc.*		5,720		577,091
QUALCOMM, Inc.		63,659		7,863,796
Skyworks Solutions, Inc.		9,076		1,012,609
SolarEdge Technologies, Inc.*		3,186		1,012,893
Teradyne, Inc.		8,819		891,954
Texas Instruments, Inc.		51,513		8,831,904
				111,903,725
Software - 7.3%
Adobe, Inc.*		26,344		8,534,139
ANSYS, Inc.*		5,002		1,518,657
Autodesk, Inc.*		12,232		2,430,376
Cadence Design Systems, Inc.*		15,591		3,008,128
Ceridian HCM Holding, Inc.*		8,692		633,908
Fortinet, Inc.*		36,784		2,186,441
Gen Digital, Inc.		32,881		641,508
Intuit, Inc.		16,004		6,516,509
Microsoft Corp.		422,962		105,495,182
Oracle Corp.		87,209		7,622,067
Paycom Software, Inc.*		2,801		809,657
PTC, Inc.*		6,065		760,126
Roper Technologies, Inc.		6,085		2,617,767
Salesforce, Inc.*		56,790		9,291,412
ServiceNow, Inc.*		11,537		4,985,945
Synopsys, Inc.*		8,651		3,146,888
Tyler Technologies, Inc.*		2,390		767,787
				160,966,497
Specialty Retail - 1.9%
Advance Auto Parts, Inc.		3,381		490,110
AutoZone, Inc.*		1,081		2,687,950
Bath & Body Works, Inc.		12,897		527,100
Best Buy Co., Inc.		11,437		950,529
CarMax, Inc.*		8,985		620,324
Home Depot, Inc. (The)		58,074		17,221,264
Lowe’s Cos., Inc.		35,254		7,253,511
O’Reilly Automotive, Inc.*		3,513		2,916,141
Ross Stores, Inc.		19,628		2,169,679
TJX Cos., Inc. (The)		65,859		5,044,799

UltraPro S&P500^®
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Shares		Value ($)
Tractor Supply Co.		6,248		1,457,409
Ulta Beauty, Inc.*		2,901		1,505,039
				42,843,855
Technology Hardware, Storage & Peripherals - 5.9%
Apple, Inc.		848,372		125,058,517
Hewlett Packard Enterprise Co.		72,973		1,139,109
HP, Inc.		50,208		1,482,140
NetApp, Inc.		12,355		797,515
Seagate Technology Holdings plc		10,880		702,413
Western Digital Corp.*		18,030		693,794
				129,873,488
Textiles, Apparel & Luxury Goods - 0.4%
NIKE, Inc., Class B		71,452		8,487,783
Ralph Lauren Corp.		2,356		278,455
Tapestry, Inc.		13,717		596,827
VF Corp.		18,695		464,010
				9,827,075
Tobacco - 0.6%
Altria Group, Inc.		101,677		4,720,863
Philip Morris International, Inc.		88,034		8,565,708
				13,286,571
Trading Companies & Distributors - 0.2%
Fastenal Co.		32,546		1,678,072
United Rentals, Inc.		3,930		1,841,323
WW Grainger, Inc.		2,512		1,679,096
				5,198,491
Water Utilities - 0.1%
American Water Works Co., Inc.		10,392		1,458,829
Wireless Telecommunication Services - 0.2%
T-Mobile US, Inc.*		33,796		4,805,115
TOTAL COMMON STOCKS (Cost $2,248,976,589)				1,885,513,173

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 41.7%
REPURCHASE AGREEMENTS(d) - 1.5%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $32,336,224
(Cost $32,332,211)		32,332,211		32,332,211
U.S. TREASURY OBLIGATIONS - 40.2%
U.S. Treasury Bills
3.68%, 3/16/2023(e)		100,000,000		99,813,229
4.40%, 3/21/2023(e)		50,000,000		49,875,410
3.84%, 3/23/2023(e)		150,000,000		149,603,656
4.25%, 3/30/2023(e)		50,000,000		49,824,490
4.15%, 4/6/2023(e)		75,000,000		74,668,950
4.54%, 4/20/2023(e)		75,000,000		74,522,500
4.53%, 5/18/2023(e)		75,000,000		74,243,156
4.68%, 5/25/2023(e)		100,000,000		98,906,806
4.82%, 6/13/2023(e)		25,000,000		24,656,583
4.64%, 6/15/2023(e)		75,000,000		73,966,444
4.72%, 6/22/2023(e)		25,000,000		24,631,377
4.69%, 7/13/2023(e)		50,000,000		49,116,903
5.03%, 8/24/2023(e)		50,000,000		48,805,685
TOTAL U.S. TREASURY OBLIGATIONS (Cost $892,860,411)				892,635,189
TOTAL SHORT-TERM INVESTMENTS (Cost $925,192,622)				924,967,400
Total Investments - 126.7%  (Cost $3,174,169,211)				2,810,480,573
Liabilities in excess of other assets - (26.7%)				(592,280,719	)
Net Assets - 100.0%				2,218,199,854

UltraPro S&P500^®
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

*	Non-income producing security.
(a)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $1,672,024,702.
(b)	The security or a portion of this security is on loan at February 28, 2023. The total value of securities on loan at February 28, 2023 was $62,210, collateralized in the form of U.S. Government Treasury Securities, interest rates ranging from 0.13% – 4.75%, and maturity dates ranging from March 15, 2023 – February 15, 2052. The total value of collateral is $64,243.
(c)	Represents less than 0.05% of net assets.
(d)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(e)	The rate shown was the current yield as of February 28, 2023.

UltraPro S&P500^®
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Purchased

UltraPro S&P500^® had the following open long futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
S&P 500 E-Mini Index		1,011	3/17/2023	USD	$	200,961,525	$	3,611,837

Swap Agreements

UltraPro S&P500^® had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)		Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Depreciation ($)
	770,594,204	5/8/2023	Bank of America NA		4.92	%	S&P 500®		(151,687,417	)
	622,269,401	5/8/2023	BNP Paribas SA		5.17	%	S&P 500®		(176,739,206	)
	415,456,347	4/10/2023	Citibank NA		5.23	%	S&P 500®		(80,885,073	)
	485,303,196	4/8/2024	Goldman Sachs International		5.17	%	S&P 500®		(50,316,428	)
	621,010,863	5/8/2023	J.P. Morgan Securities		4.97	%	S&P 500®		(215,792,436	)
	450,588,204	4/10/2023	Morgan Stanley & Co. International plc		5.12	%	S&P 500®		(110,818,509	)
	573,384,944	4/8/2024	Societe Generale		5.07	%	S&P 500®		(23,614,280	)
	629,888,118	3/7/2023	UBS AG		5.07	%	S&P 500®		(169,969,825	)
	4,568,495,277								(979,823,174	)
							Total Unrealized Depreciation		(979,823,174	)

a	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
b	Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

UltraPro Short 20+ Year Treasury

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 78.6%
REPURCHASE AGREEMENTS(a) - 18.0%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $66,104,139
(Cost $66,095,933)		66,095,933		66,095,933
U.S. TREASURY OBLIGATIONS(b) - 60.6%
U.S. Treasury Bills
3.84%, 3/23/2023(c)		75,000,000		74,801,828
4.15%, 4/6/2023(c)		75,000,000		74,668,950
4.90%, 6/27/2023(c)		25,000,000		24,605,233
4.84%, 8/10/2023(c)		50,000,000		48,919,156
TOTAL U.S. TREASURY OBLIGATIONS (Cost $223,062,616)				222,995,167
TOTAL SHORT-TERM INVESTMENTS (Cost $289,158,549)				289,091,100
Total Investments - 78.6%  (Cost $289,158,549)				289,091,100
Other assets less liabilities - 21.4%				78,600,103
Net Assets - 100.0%				367,691,203

(a)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $4,588,588.
(c)	The rate shown was the current yield as of February 28, 2023.

UltraPro Short 20+ Year Treasury

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Sold

UltraPro Short 20+ Year Treasury had the following open short futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
U.S. Treasury Long Bond		58	6/21/2023	USD	$	7,277,188	$	47,015

Swap Agreements

UltraPro Short 20+ Year Treasury had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(192,201,912	)	12/7/2023	Bank of America NA		(4.27	)%	ICE U.S. Treasury 20+ Year Bond Index		(6,710,246	)
	(141,439,124	)	12/7/2023	Citibank NA		(4.12	)%	ICE U.S. Treasury 20+ Year Bond Index		(7,409,606	)
	(245,200,857	)	1/9/2024	Goldman Sachs International		(4.15	)%	ICE U.S. Treasury 20+ Year Bond Index		(4,131,627	)
	(234,441,131	)	1/9/2024	Morgan Stanley & Co. International plc		(4.40	)%	ICE U.S. Treasury 20+ Year Bond Index		(7,282,836	)
	(76,326,276	)	1/16/2024	Societe Generale		(4.29	)%	ICE U.S. Treasury 20+ Year Bond Index		33,800,918
	(211,592,327	)	12/5/2023	UBS AG		(4.12	)%	ICE U.S. Treasury 20+ Year Bond Index		10,238,853
	(1,101,201,627	)								18,505,456
								Total Unrealized Appreciation		44,039,771
								Total Unrealized Depreciation		(25,534,315	)

a	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
b	Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

UltraPro Short Dow30^SM
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 94.4%
REPURCHASE AGREEMENTS(a) - 4.0%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $29,658,947
(Cost $29,655,266)		29,655,266		29,655,266
U.S. TREASURY OBLIGATIONS(b) - 90.4%
U.S. Treasury Bills
4.41%, 3/2/2023(c)		25,000,000		24,996,966
4.07%, 3/7/2023(c)		25,000,000		24,981,624
4.14%, 3/9/2023(c)		25,000,000		24,975,090
4.25%, 3/16/2023(c)		100,000,000		99,813,229
4.40%, 3/21/2023(c)		50,000,000		49,875,410
3.84%, 3/23/2023(c)		50,000,000		49,867,885
4.25%, 3/30/2023(c)		50,000,000		49,824,490
4.15%, 4/6/2023(c)		50,000,000		49,779,300
4.56%, 4/13/2023(c)		50,000,000		49,733,564
4.52%, 4/18/2023(c)		25,000,000		24,846,708
4.54%, 4/20/2023(c)		75,000,000		74,522,500
4.61%, 5/2/2023(c)		50,000,000		49,599,218
4.44%, 5/18/2023(c)		100,000,000		98,990,875
TOTAL U.S. TREASURY OBLIGATIONS (Cost $671,954,939)				671,806,859
TOTAL SHORT-TERM INVESTMENTS (Cost $701,610,205)				701,462,125
Total Investments - 94.4%  (Cost $701,610,205)				701,462,125
Other assets less liabilities - 5.6%				41,461,435
Net Assets - 100.0%				742,923,560

(a)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $134,358,800.
(c)	The rate shown was the current yield as of February 28, 2023.

UltraPro Short Dow30^SM
Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Sold

UltraPro Short Dow30^SM had the following open short futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
DJIA CBOT E-Mini Index		172	3/17/2023	USD	$	28,106,520	$	1,265,427

Swap Agreements

UltraPro Short Dow30^SM had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(160,442,367	)	5/8/2023	Bank of America NA		(4.77	)%	Dow Jones Industrial AverageSM		17,433,633
	(467,252,064	)	11/6/2023	Barclays Capital		(4.77	)%	Dow Jones Industrial AverageSM		(8,719,188	)
	(261,449,540	)	5/8/2023	BNP Paribas SA		(4.87	)%	Dow Jones Industrial AverageSM		13,740,606
	(146,302,016	)	4/10/2023	Citibank NA		(5.05	)%	Dow Jones Industrial AverageSM		(17,281,558	)
	(66,652,325	)	3/7/2023	Goldman Sachs International		(4.92	)%	Dow Jones Industrial AverageSM		5,147,884
	(260,273,899	)	4/10/2023	Morgan Stanley & Co. International plc		(4.37	)%	Dow Jones Industrial AverageSM		35,226,310
	(324,215,717	)	4/10/2023	Societe Generale		(4.67	)%	Dow Jones Industrial AverageSM		(24,606,788	)
	(514,105,578	)	3/7/2023	UBS AG		(4.42	)%	Dow Jones Industrial AverageSM		24,597,028
	(2,200,693,506	)								45,537,927
								Total Unrealized Appreciation		96,145,461
								Total Unrealized Depreciation		(50,607,534	)

a	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
b	Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

UltraPro Short MidCap400

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 70.3%
REPURCHASE AGREEMENTS(a) - 70.3%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $5,719,965
(Cost $5,719,255)		5,719,255		5,719,255
Total Investments - 70.3%  (Cost $5,719,255)				5,719,255
Other assets less liabilities - 29.7%				2,418,179
Net Assets - 100.0%				8,137,434

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

UltraPro Short MidCap400

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Sold

UltraPro Short MidCap400 had the following open short futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Depreciation
S&P Midcap 400 E-Mini Index		1	3/17/2023	USD	$	260,320	$	(7,482	)

Swap Agreements

UltraPro Short MidCap400 had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(2,205,512	)	3/6/2024	Bank of America NA		(4.67	)%	S&P MidCap 400®		(371,697	)
	(2,468,197	)	5/8/2023	BNP Paribas SA		(4.72	)%	S&P MidCap 400®		425,096
	(8,616,583	)	4/8/2024	Citibank NA		(4.77	)%	S&P MidCap 400®		(1,115,046	)
	(4,158,743	)	4/10/2023	Morgan Stanley & Co. International plc		(4.37	)%	S&P MidCap 400®		6,800
	(6,702,365	)	3/7/2023	Societe Generale		(4.30	)%	S&P MidCap 400®		(1,041,052	)
	(24,151,400	)								(2,095,899	)
								Total Unrealized Appreciation		431,896
								Total Unrealized Depreciation		(2,527,795	)

a	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
b	Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

UltraPro Short QQQ

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 96.6%
REPURCHASE AGREEMENTS(a) - 4.4%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $245,317,310
(Cost $245,286,860)		245,286,860		245,286,860
U.S. TREASURY OBLIGATIONS(b) - 92.2%
U.S. Treasury Bills
4.41%, 3/2/2023(c)		75,000,000		74,990,900
4.19%, 3/14/2023(c)		100,000,000		99,838,162
4.25%, 3/16/2023(c)		300,000,000		299,439,687
4.40%, 3/21/2023(c)		50,000,000		49,875,410
4.23%, 3/30/2023(c)		250,000,000		249,122,448
4.48%, 4/6/2023(c)		200,000,000		199,117,200
4.56%, 4/13/2023(c)		100,000,000		99,467,128
4.52%, 4/18/2023(c)		225,000,000		223,620,374
4.56%, 4/20/2023(c)		450,000,000		447,134,998
4.61%, 5/2/2023(c)		100,000,000		99,198,435
4.58%, 5/11/2023(c)		300,000,000		297,247,272
4.53%, 5/18/2023(c)		300,000,000		296,972,625
4.64%, 5/25/2023(c)		200,000,000		197,813,612
4.59%, 6/8/2023(c)		400,000,000		394,878,124
4.82%, 6/13/2023(c)		50,000,000		49,313,166
4.68%, 6/15/2023(c)		75,000,000		73,966,445
4.84%, 6/20/2023(c)		50,000,000		49,264,625
4.72%, 6/22/2023(c)		50,000,000		49,262,753
4.90%, 6/27/2023(c)		50,000,000		49,210,465
4.61%, 6/29/2023(c)		1,000,000,000		984,441,670
4.66%, 7/6/2023(c)		300,000,000		294,983,499
4.72%, 7/13/2023(c)		175,000,000		171,909,161
4.72%, 7/20/2023(c)		125,000,000		122,676,192
4.88%, 8/3/2023(c)		75,000,000		73,460,979
4.84%, 8/10/2023(c)		50,000,000		48,919,156
4.97%, 8/17/2023(c)		100,000,000		97,730,530
5.03%, 8/24/2023(c)		50,000,000		48,805,685
4.68%, 9/7/2023(c)		50,000,000		48,771,861
TOTAL U.S. TREASURY OBLIGATIONS (Cost $5,192,860,149)				5,191,432,562
TOTAL SHORT-TERM INVESTMENTS (Cost $5,438,147,009)				5,436,719,422
Total Investments - 96.6%  (Cost $5,438,147,009)				5,436,719,422
Other assets less liabilities - 3.4%				189,839,479
Net Assets - 100.0%				5,626,558,901

(a)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $1,982,671,988.
(c)	The rate shown was the current yield as of February 28, 2023.

UltraPro Short QQQ

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Sold

UltraPro Short QQQ had the following open short futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
NASDAQ 100 E-Mini Index		981	3/17/2023	USD	$	236,857,545	$	4,046,100

Swap Agreements

UltraPro Short QQQ had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(2,187,330,677	)	3/7/2023	Bank of America NA		(4.87	)%	NASDAQ-100 Index®		32,109,323
	(2,375,777,813	)	11/6/2023	Barclays Capital		(4.77	)%	NASDAQ-100 Index®		(118,186,211	)
	(2,866,289,487	)	3/7/2023	BNP Paribas SA		(4.92	)%	NASDAQ-100 Index®		(16,854,342	)
	(2,565,694,087	)	11/6/2023	Citibank NA		(5.05	)%	NASDAQ-100 Index®		(216,294,054	)
	(2,040,284,349	)	11/6/2023	Goldman Sachs International		(4.92	)%	NASDAQ-100 Index®		(70,414,356	)
	(351,581,735	)	5/8/2023	J.P. Morgan Securities		(4.72	)%	NASDAQ-100 Index®		359,162,424
	(1,017,920,404	)	3/6/2024	Morgan Stanley & Co. International plc		(4.37	)%	NASDAQ-100 Index®		(62,139,754	)
	(1,177,333,988	)	11/6/2023	Societe Generale		(5.12	)%	NASDAQ-100 Index®		(32,928,717	)
	(2,061,354,495	)	11/6/2023	UBS AG		(4.72	)%	NASDAQ-100 Index®		125,024,929
	(16,643,567,035	)								(520,758	)
								Total Unrealized Appreciation		516,296,676
								Total Unrealized Depreciation		(516,817,434	)

a	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
b	Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

UltraPro Short Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 103.1%
REPURCHASE AGREEMENTS(a) - 20.3%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $36,261,898
(Cost $36,257,396)		36,257,396		36,257,396
U.S. TREASURY OBLIGATIONS(b) - 82.8%
U.S. Treasury Bills
3.84%, 3/23/2023(c)		50,000,000		49,867,885
4.58%, 6/15/2023(c)		25,000,000		24,655,481
4.90%, 6/27/2023(c)		50,000,000		49,210,466
4.68%, 9/7/2023(c)		25,000,000		24,385,931
TOTAL U.S. TREASURY OBLIGATIONS (Cost $148,160,845)				148,119,763
TOTAL SHORT-TERM INVESTMENTS (Cost $184,418,241)				184,377,159
Total Investments - 103.1%  (Cost $184,418,241)				184,377,159
Liabilities in excess of other assets - (3.1%)				(5,468,408	)
Net Assets - 100.0%				178,908,751

(a)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $41,817,557.
(c)	The rate shown was the current yield as of February 28, 2023.

UltraPro Short Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Sold

UltraPro Short Russell2000 had the following open short futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
Russell 2000 E-Mini Index		54	3/17/2023	USD	$	5,127,570	$	77,615

Swap Agreements

UltraPro Short Russell2000 had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(30,004,691	)	3/7/2023	Bank of America NA		(3.92	)%	Russell 2000® Index		16,367,140
	(29,084,651	)	11/6/2023	Barclays Capital		(4.67	)%	Russell 2000® Index		(7,149,704	)
	(19,102,689	)	3/7/2023	BNP Paribas SA		(4.42	)%	Russell 2000® Index		9,645,700
	(74,096,429	)	11/6/2023	Citibank NA		(4.38	)%	Russell 2000® Index		1,120,536
	(132,569,249	)	11/6/2023	Goldman Sachs International		(4.57	)%	Russell 2000® Index		(3,851,143	)
	(36,501,882	)	3/6/2024	Morgan Stanley & Co. International plc		(4.27	)%	Russell 2000® Index		(2,868,110	)
	(85,178,645	)	3/6/2024	Societe Generale		(4.22	)%	Russell 2000® Index		(8,442,274	)
	(125,091,417	)	11/6/2023	UBS AG		(4.07	)%	Russell 2000® Index		(25,607,677	)
	(531,629,653	)								(20,785,532	)
								Total Unrealized Appreciation		27,133,376
								Total Unrealized Depreciation		(47,918,908	)

a	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
b	Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

UltraPro Short S&P500^®

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 108.9%
REPURCHASE AGREEMENTS(a) - 6.5%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $87,475,668
(Cost $87,464,807)		87,464,807		87,464,807
U.S. TREASURY OBLIGATIONS(b) - 102.4%
U.S. Treasury Bills
4.41%, 3/2/2023(c)		25,000,000		24,996,966
4.07%, 3/7/2023(c)		100,000,000		99,926,496
4.14%, 3/9/2023(c)		75,000,000		74,925,271
4.19%, 3/14/2023(c)		25,000,000		24,959,541
4.25%, 3/16/2023(c)		50,000,000		49,906,614
4.40%, 3/21/2023(c)		50,000,000		49,875,410
3.84%, 3/23/2023(c)		175,000,000		174,537,599
4.50%, 3/28/2023(c)		100,000,000		99,661,550
4.15%, 4/6/2023(c)		50,000,000		49,779,300
4.56%, 4/13/2023(c)		50,000,000		49,733,564
4.52%, 4/18/2023(c)		50,000,000		49,693,417
4.54%, 4/20/2023(c)		100,000,000		99,363,333
4.58%, 5/11/2023(c)		25,000,000		24,770,606
4.44%, 5/18/2023(c)		100,000,000		98,990,875
4.65%, 5/25/2023(c)		75,000,000		74,180,105
4.82%, 6/13/2023(c)		25,000,000		24,656,583
4.68%, 6/15/2023(c)		25,000,000		24,655,481
4.84%, 6/20/2023(c)		50,000,000		49,264,625
4.72%, 6/22/2023(c)		25,000,000		24,631,377
4.71%, 7/13/2023(c)		100,000,000		98,233,806
4.72%, 7/20/2023(c)		50,000,000		49,070,477
4.88%, 8/3/2023(c)		25,000,000		24,486,993
4.84%, 8/10/2023(c)		50,000,000		48,919,156
TOTAL U.S. TREASURY OBLIGATIONS (Cost $1,389,529,020)				1,389,219,145
TOTAL SHORT-TERM INVESTMENTS (Cost $1,476,993,827)				1,476,683,952
Total Investments - 108.9%  (Cost $1,476,993,827)				1,476,683,952
Liabilities in excess of other assets - (8.9%)				(120,680,087	)
Net Assets - 100.0%				1,356,003,865

(a)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $452,158,375.
(c)	The rate shown was the current yield as of February 28, 2023.

UltraPro Short S&P500^®

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Sold

UltraPro Short S&P500^® had the following open short futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
S&P 500 E-Mini Index		361	3/17/2023	USD	$	71,757,775	$	2,419,991

Swap Agreements

UltraPro Short S&P500^® had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(661,049,826	)	5/8/2023	Bank of America NA		(4.62	)%	S&P 500®		5,322,434
	(419,355,034	)	3/6/2024	BNP Paribas SA		(4.87	)%	S&P 500®		(23,070,802	)
	(582,274,109	)	4/8/2024	Citibank NA		(5.05	)%	S&P 500®		(67,642,742	)
	(562,467,031	)	3/7/2023	Goldman Sachs International		(4.92	)%	S&P 500®		(82,804	)
	(463,260,923	)	5/8/2023	J.P. Morgan Securities		(4.72	)%	S&P 500®		(12,031,522	)
	(299,389,012	)	4/10/2023	Morgan Stanley & Co. International plc		(4.37	)%	S&P 500®		220,426
	(574,361,600	)	3/7/2023	Societe Generale		(4.77	)%	S&P 500®		(26,789,082	)
	(434,137,840	)	3/7/2023	UBS AG		(4.72	)%	S&P 500®		(11,487,886	)
	(3,996,295,375	)								(135,561,978	)
								Total Unrealized Appreciation		5,542,860
								Total Unrealized Depreciation		(141,104,838	)

a	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
b	Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

UltraShort 7-10 Year Treasury

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 76.2%
REPURCHASE AGREEMENTS(a) - 76.2%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $36,038,776
(Cost $36,034,302)		36,034,302		36,034,302
Total Investments - 76.2%  (Cost $36,034,302)				36,034,302
Other assets less liabilities - 23.8%				11,280,024
Net Assets - 100.0%				47,314,326

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

UltraShort 7-10 Year Treasury

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Sold

UltraShort 7-10 Year Treasury had the following open short futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
U.S. Treasury 10 Year Note		6	6/21/2023	USD	$	670,031	$	1,583

Swap Agreements

UltraShort 7-10 Year Treasury had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(9,074,499	)	11/6/2023	Bank of America NA		(4.08	)%	ICE U.S. Treasury 7-10 Year Bond Index		(284,114	)
	(14,594,127	)	11/6/2023	Citibank NA		(4.10	)%	ICE U.S. Treasury 7-10 Year Bond Index		132,507
	(20,283,236	)	1/16/2024	Goldman Sachs International		(4.35	)%	ICE U.S. Treasury 7-10 Year Bond Index		1,178,056
	(50,168,232	)	1/16/2024	Societe Generale		(4.29	)%	ICE U.S. Treasury 7-10 Year Bond Index		6,931,326
	(94,120,094	)								7,957,775
								Total Unrealized Appreciation		8,241,889
								Total Unrealized Depreciation		(284,114	)

a	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
b	Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

UltraShort 20+ Year Treasury

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 123.3%
REPURCHASE AGREEMENTS(a) - 14.7%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $107,671,056
(Cost $107,657,693)		107,657,693		107,657,693
U.S. TREASURY OBLIGATIONS(b) - 108.6%
U.S. Treasury Bills
4.41%, 3/2/2023(c)		25,000,000		24,996,967
4.07%, 3/7/2023(c)		50,000,000		49,963,248
4.14%, 3/9/2023(c)		25,000,000		24,975,090
4.19%, 3/14/2023(c)		125,000,000		124,797,703
3.68%, 3/16/2023(c)		100,000,000		99,813,229
3.84%, 3/23/2023(c)		125,000,000		124,669,714
4.25%, 3/30/2023(c)		25,000,000		24,912,245
4.15%, 4/6/2023(c)		75,000,000		74,668,950
4.55%, 4/20/2023(c)		50,000,000		49,681,666
4.58%, 5/11/2023(c)		25,000,000		24,770,606
4.34%, 5/18/2023(c)		75,000,000		74,243,156
4.61%, 5/25/2023(c)		50,000,000		49,453,403
4.82%, 6/13/2023(c)		25,000,000		24,656,583
4.72%, 6/22/2023(c)		25,000,000		24,631,377
TOTAL U.S. TREASURY OBLIGATIONS (Cost $796,452,717)				796,233,937
TOTAL SHORT-TERM INVESTMENTS (Cost $904,110,410)				903,891,630
Total Investments - 123.3%  (Cost $904,110,410)				903,891,630
Liabilities in excess of other assets - (23.3%)				(170,984,110	)
Net Assets - 100.0%				732,907,520

(a)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $211,553,136.
(c)	The rate shown was the current yield as of February 28, 2023.

UltraShort 20+ Year Treasury

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Sold

UltraShort 20+ Year Treasury had the following open short futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
U.S. Treasury Long Bond		125	6/21/2023	USD	$	15,683,594	$	101,326

Swap Agreements

UltraShort 20+ Year Treasury had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(294,596,412	)	3/20/2023	Bank of America NA		(4.27	)%	ICE U.S. Treasury 20+ Year Bond Index		(51,665,005	)
	(326,058,002	)	3/20/2023	Citibank NA		(4.12	)%	ICE U.S. Treasury 20+ Year Bond Index		(46,651,833	)
	(307,195,964	)	12/6/2023	Goldman Sachs International		(4.15	)%	ICE U.S. Treasury 20+ Year Bond Index		(58,233,998	)
	(258,412,365	)	12/7/2023	Morgan Stanley & Co. International plc		(4.40	)%	ICE U.S. Treasury 20+ Year Bond Index		301,450
	(270,437,150	)	11/6/2023	Societe Generale		(4.29	)%	ICE U.S. Treasury 20+ Year Bond Index		(20,411,996	)
	(1,456,699,893	)								(176,661,382	)
								Total Unrealized Appreciation		301,450
								Total Unrealized Depreciation		(176,962,832	)

a	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
b	Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

UltraShort Basic Materials

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 90.2%
REPURCHASE AGREEMENTS(a) - 90.2%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $2,383,666
(Cost $2,383,370)		2,383,370		2,383,370
Total Investments - 90.2%  (Cost $2,383,370)				2,383,370
Other assets less liabilities - 9.8%				257,681
Net Assets - 100.0%				2,641,051

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

UltraShort Basic Materials had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(539,382	)	5/8/2023	Bank of America NA		(4.17	)%	Dow Jones U.S. Basic MaterialsSM Index		101,371
	(333,271	)	3/6/2024	Morgan Stanley & Co. International plc		(4.22	)%	Dow Jones U.S. Basic MaterialsSM Index		(55,170	)
	(1,939,795	)	3/7/2023	Societe Generale		(4.47	)%	Dow Jones U.S. Basic MaterialsSM Index		(511,840	)
	(2,462,070	)	3/7/2023	UBS AG		(4.32	)%	Dow Jones U.S. Basic MaterialsSM Index		(820,261	)
	(5,274,518	)								(1,285,900	)
								Total Unrealized Appreciation		101,371
								Total Unrealized Depreciation		(1,387,271	)

a	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
b	Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

UltraShort Consumer Goods

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 66.5%
REPURCHASE AGREEMENTS(a) - 66.5%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $1,115,391
(Cost $1,115,253)		1,115,253		1,115,253
Total Investments - 66.5% (Cost $1,115,253)				1,115,253
Other assets less liabilities - 33.5%				562,340
Net Assets - 100.0%				1,677,593

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

UltraShort Consumer Goods had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(316,078	)	5/8/2023	Bank of America NA		(4.42	)%	Dow Jones U.S. Consumer GoodsSM Index		88,768
	(553,763	)	3/6/2024	Morgan Stanley & Co. International plc		(4.22	)%	Dow Jones U.S. Consumer GoodsSM Index		(28,263	)
	(701,377	)	3/7/2023	Societe Generale		(4.47	)%	Dow Jones U.S. Consumer GoodsSM Index		126,905
	(1,774,710	)	3/7/2023	UBS AG		(4.32	)%	Dow Jones U.S. Consumer GoodsSM Index		(236,857	)
	(3,345,928	)								(49,447	)
								Total Unrealized Appreciation		215,673
								Total Unrealized Depreciation		(265,120	)

a	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
b	Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

UltraShort Consumer Services

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 56.2%
REPURCHASE AGREEMENTS(a) - 56.2%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $1,689,377
(Cost $1,689,169)		1,689,169		1,689,169
Total Investments - 56.2%  (Cost $1,689,169)				1,689,169
Other assets less liabilities - 43.8%				1,314,186
Net Assets - 100.0%				3,003,355

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

UltraShort Consumer Services had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(452,311	)	3/6/2024	Bank of America NA		(4.47	)%	Dow Jones U.S. Consumer ServicesSM Index		(107,560	)
	(1,984,333	)	3/6/2024	BNP Paribas SA		(4.62	)%	Dow Jones U.S. Consumer ServicesSM Index		(426,273	)
	(1,483,386	)	3/7/2023	Goldman Sachs International		(4.67	)%	Dow Jones U.S. Consumer ServicesSM Index		360,478
	(216,428	)	3/6/2024	Morgan Stanley & Co. International plc		(4.22	)%	Dow Jones U.S. Consumer ServicesSM Index		(11,333	)
	(621,320	)	3/6/2024	Societe Generale		(4.47	)%	Dow Jones U.S. Consumer ServicesSM Index		(89,833	)
	(1,248,719	)	3/6/2024	UBS AG		(4.32	)%	Dow Jones U.S. Consumer ServicesSM Index		(112,125	)
	(6,006,497	)								(386,646	)
								Total Unrealized Appreciation		360,478
								Total Unrealized Depreciation		(747,124	)

a	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
b	Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

UltraShort Dow30^SM

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 72.4%
REPURCHASE AGREEMENTS(a) - 14.8%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $19,238,188
(Cost $19,235,800)		19,235,800		19,235,800
U.S. TREASURY OBLIGATIONS - 57.6%
U.S. Treasury Bills
4.07%, 3/7/2023(b)		25,000,000		24,981,624
4.14%, 3/9/2023(b)		25,000,000		24,975,090
4.25%, 3/30/2023(b)		25,000,000		24,912,245
TOTAL U.S. TREASURY OBLIGATIONS (Cost $74,876,031)				74,868,959
TOTAL SHORT-TERM INVESTMENTS (Cost $94,111,831)				94,104,759
Total Investments - 72.4%  (Cost $94,111,831)				94,104,759
Other assets less liabilities - 27.6%				35,820,907
Net Assets - 100.0%				129,925,666

(a)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b)	The rate shown was the current yield as of February 28, 2023.

UltraShort Dow30^SM

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Sold

UltraShort Dow30^SM had the following open short futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
DJIA CBOT E-Mini Index		60	3/17/2023	USD	$	9,804,600	$	391,906

Swap Agreements

UltraShort Dow30^SM had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(20,149,184	)	3/6/2024	Bank of America NA		(4.77	)%	Dow Jones Industrial AverageSM		7,544
	(37,816,459	)	11/6/2023	Barclays Capital		(4.77	)%	Dow Jones Industrial AverageSM		(4,056,889	)
	(8,849,966	)	5/8/2023	BNP Paribas SA		(4.87	)%	Dow Jones Industrial AverageSM		5,634,821
	(34,583,445	)	4/10/2023	Citibank NA		(5.05	)%	Dow Jones Industrial AverageSM		(571,643	)
	(52,752,425	)	3/7/2023	Goldman Sachs International		(4.92	)%	Dow Jones Industrial AverageSM		2,570,412
	(23,708,764	)	3/7/2023	Societe Generale		(4.67	)%	Dow Jones Industrial AverageSM		2,184,938
	(72,184,108	)	3/7/2023	UBS AG		(4.42	)%	Dow Jones Industrial AverageSM		2,210,289
	(250,044,351	)								7,979,472
								Total Unrealized Appreciation		12,608,004
								Total Unrealized Depreciation		(4,628,532	)

a	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
b	Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

UltraShort Financials

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 73.5%
REPURCHASE AGREEMENTS(a) - 73.5%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $13,059,512
(Cost $13,057,891)		13,057,891		13,057,891
Total Investments - 73.5% (Cost $13,057,891)				13,057,891
Other assets less liabilities - 26.5%				4,704,562
Net Assets - 100.0%				17,762,453

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

UltraShort Financials had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(676,007	)	5/8/2023	Bank of America NA		(4.47	)%	Dow Jones U.S. FinancialsSM Indexc		430,722
	(3,938,081	)	5/8/2023	BNP Paribas SA		(4.77	)%	Dow Jones U.S. FinancialsSM Indexc		699,884
	(3,344,496	)	3/7/2023	Goldman Sachs International		(4.67	)%	Dow Jones U.S. FinancialsSM Indexc		(1,064,906	)
	(4,195,176	)	3/6/2024	Morgan Stanley & Co. International plc		(4.22	)%	Dow Jones U.S. FinancialsSM Indexc		(98,123	)
	(12,445,637	)	3/7/2023	Societe Generale		(4.67	)%	Dow Jones U.S. FinancialsSM Indexc		(1,645,944	)
	(10,940,123	)	3/6/2024	UBS AG		(4.67	)%	Dow Jones U.S. FinancialsSM Indexc		(835,085	)
	(35,539,520	)								(2,513,452	)
								Total Unrealized Appreciation		1,130,606
								Total Unrealized Depreciation		(3,644,058	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

^c  See the Common Stocks section of the Schedule of Portfolio Investments of ProShares Ultra Financials for the components of the underlying reference instrument and their relative weightings.

UltraShort FTSE China 50

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 62.9%
REPURCHASE AGREEMENTS(a) - 62.9%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $15,492,545
(Cost $15,490,623)		15,490,623		15,490,623
Total Investments - 62.9% (Cost $15,490,623)				15,490,623
Other assets less liabilities - 37.1%				9,155,586
Net Assets - 100.0%				24,646,209

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements^a

UltraShort FTSE China 50 had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)			Termination Dateb	Counterparty	Rate Paid (Received)c			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(998,865	)	3/7/2023	Bank of America NA		(3.07	)%	iShares® China Large-Cap ETF		2,605,588
	(2,989,272	)	4/10/2023	Citibank NA		(1.82	)%	iShares® China Large-Cap ETF		65,953
	(22,949,480	)	12/14/2023	Goldman Sachs International		(4.07	)%	iShares® China Large-Cap ETF		(6,399,344	)
	(1,258,801	)	4/10/2023	Morgan Stanley & Co. International plc		(4.02	)%	iShares® China Large-Cap ETF		483,158
	(4,350,583	)	4/10/2023	Societe Generale		(2.92	)%	iShares® China Large-Cap ETF		320,774
	(16,592,015	)	4/10/2023	UBS AG		(2.82	)%	iShares® China Large-Cap ETF		(5,972,432	)
	(49,139,016	)								(8,896,303	)
								Total Unrealized Appreciation		3,475,473
								Total Unrealized Depreciation		(12,371,776	)

^a  In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.

^b  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^c  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

UltraShort FTSE Europe

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 51.9%
REPURCHASE AGREEMENTS(a) - 51.9%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $39,469,804
(Cost $39,464,905)		39,464,905		39,464,905
Total Investments - 51.9% (Cost $39,464,905)				39,464,905
Other assets less liabilities - 48.1%				36,528,171
Net Assets - 100.0%				75,993,076

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

UltraShort FTSE Europe

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Swap Agreements^a

UltraShort FTSE Europe had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)			Termination Dateb	Counterparty	Rate Paid (Received)c			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(9,340,336	)	4/10/2023	Citibank NA		(3.77	)%	Vanguard® FTSE Europe ETF Shares		3,293,933
	(106,991,963	)	4/10/2024	Goldman Sachs International		(1.07	)%	Vanguard® FTSE Europe ETF Shares		2,365,833
	(348,738	)	4/10/2023	Morgan Stanley & Co. International plc		(4.02	)%	Vanguard® FTSE Europe ETF Shares		49,225
	(18,566,051	)	3/7/2023	Societe Generale		(3.62	)%	Vanguard® FTSE Europe ETF Shares		(4,239,996	)
	(16,281,152	)	4/10/2024	UBS AG		(1.82	)%	Vanguard® FTSE Europe ETF Shares		237,265
	(151,528,240	)								1,706,260
								Total Unrealized Appreciation		5,946,256
								Total Unrealized Depreciation		(4,239,996	)

^a  In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.

^b  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^c  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

UltraShort Health Care

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 91.2%
REPURCHASE AGREEMENTS(a) - 91.2%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $1,609,368
(Cost $1,609,167)		1,609,167		1,609,167
Total Investments - 91.2% (Cost $1,609,167)				1,609,167
Other assets less liabilities - 8.8%				155,913
Net Assets - 100.0%				1,765,080

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

UltraShort Health Care had the following open non-exchange traded total return swap agreements as of February 28, 2023:                           

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(1,130,704	)	5/8/2023	Bank of America NA		(4.62	)%	Dow Jones U.S. Health CareSM Indexc		(65,763	)
	(61,009	)	3/6/2024	Morgan Stanley & Co. International plc		(4.22	)%	Dow Jones U.S. Health CareSM Indexc		2,358
	(1,428,971	)	3/7/2023	Societe Generale		(4.57	)%	Dow Jones U.S. Health CareSM Indexc		(134,880	)
	(905,648	)	3/7/2023	UBS AG		(4.32	)%	Dow Jones U.S. Health CareSM Indexc		(231,281	)
	(3,526,332	)								(429,566	)
								Total Unrealized Appreciation		2,358
								Total Unrealized Depreciation		(431,924	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

^c  See the Common Stocks section of the Schedule of Portfolio Investments of ProShares Ultra Health Care for the components of the underlying reference instrument and their relative weightings.

UltraShort Industrials

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 63.5%
REPURCHASE AGREEMENTS(a) - 63.5%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $1,759,330
(Cost $1,759,113)		1,759,113		1,759,113
Total Investments - 63.5% (Cost $1,759,113)				1,759,113
Other assets less liabilities - 36.5%				1,011,443
Net Assets - 100.0%				2,770,556

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

UltraShort Industrials had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(1,596,021	)	3/6/2024	Bank of America NA		(4.47	)%	Dow Jones U.S. IndustrialsSM Index		(99,860	)
	(1,327,604	)	3/7/2024	BNP Paribas SA		(4.72	)%	Dow Jones U.S. IndustrialsSM Index		(98,507	)
	(772,424	)	11/6/2023	Goldman Sachs International		(4.42	)%	Dow Jones U.S. IndustrialsSM Index		(414,373	)
	(1,084,290	)	3/6/2024	Morgan Stanley & Co. International plc		(4.22	)%	Dow Jones U.S. IndustrialsSM Index		(55,704	)
	(354,350	)	3/7/2023	Societe Generale		(4.47	)%	Dow Jones U.S. IndustrialsSM Index		200,762
	(397,798	)	3/7/2023	UBS AG		(4.32	)%	Dow Jones U.S. IndustrialsSM Index		321,270
	(5,532,487	)								(146,412	)
								Total Unrealized Appreciation		522,032
								Total Unrealized Depreciation		(668,444	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

UltraShort MidCap400

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 101.4%
REPURCHASE AGREEMENTS(a) - 101.4%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $2,472,127
(Cost $2,471,821)		2,471,821		2,471,821
Total Investments - 101.4% (Cost $2,471,821)				2,471,821
Liabilities in excess of other assets - (1.4%)				(34,067	)
Net Assets - 100.0%				2,437,754

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

UltraShort MidCap400

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Sold

UltraShort MidCap400 had the following open short futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Depreciation
S&P Midcap 400 E-Mini Index		1	3/17/2023	USD	$	260,320	$	(7,482	)

Swap Agreements

UltraShort MidCap400 had the following open non-exchange traded total return swap agreements as of February 28, 2023:                            

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(1,068,945	)	5/8/2023	Bank of America NA		(4.67	)%	S&P MidCap 400®		(331,299	)
	(449,945	)	5/8/2023	BNP Paribas SA		(4.72	)%	S&P MidCap 400®		136,124
	(837,471	)	11/6/2023	Citibank NA		(4.77	)%	S&P MidCap 400®		(54,088	)
	(1,425,260	)	3/6/2024	Morgan Stanley & Co. International plc		(4.37	)%	S&P MidCap 400®		(97,881	)
	(832,269	)	3/7/2023	Societe Generale		(4.30	)%	S&P MidCap 400®		(527,831	)
	(4,613,890	)								(874,975	)
								Total Unrealized Appreciation		136,124
								Total Unrealized Depreciation		(1,011,099	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

UltraShort MSCI Brazil Capped

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 70.5%
REPURCHASE AGREEMENTS(a) - 70.5%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $11,376,925
(Cost $11,375,511)		11,375,511		11,375,511
Total Investments - 70.5% (Cost $11,375,511)				11,375,511
Other assets less liabilities - 29.5%				4,762,498
Net Assets - 100.0%				16,138,009

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

UltraShort MSCI Brazil Capped

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Swap Agreements^a

UltraShort MSCI Brazil Capped had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)			Termination Dateb	Counterparty	Rate Paid (Received)c			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(1,146,766	)	4/10/2024	Bank of America NA		(3.07	)%	iShares® MSCI Brazil Capped ETF		66,723
	(6,903,408	)	4/10/2023	Citibank NA		(4.37	)%	iShares® MSCI Brazil Capped ETF		(1,973,712	)
	(9,832,153	)	3/7/2023	Goldman Sachs International		(2.57	)%	iShares® MSCI Brazil Capped ETF		(928,547	)
	(1,557,806	)	4/10/2023	Morgan Stanley & Co. International plc		(4.02	)%	iShares® MSCI Brazil Capped ETF		(98,972	)
	(2,903,948	)	3/7/2023	Societe Generale		(3.52	)%	iShares® MSCI Brazil Capped ETF		(1,142,822	)
	(9,928,686	)	3/7/2023	UBS AG		(3.82	)%	iShares® MSCI Brazil Capped ETF		(3,059,260	)
	(32,272,767	)								(7,136,590	)
								Total Unrealized Appreciation		66,723
								Total Unrealized Depreciation		(7,203,313	)

^a  In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.

^b  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^c  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

UltraShort MSCI EAFE  

Schedule of Portfolio Investments  

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 86.8%
REPURCHASE AGREEMENTS(a) - 86.8%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $3,633,743
(Cost $3,633,295)		3,633,295		3,633,295
Total Investments - 86.8% (Cost $3,633,295)				3,633,295
Other assets less liabilities - 13.2%				552,789
Net Assets - 100.0%				4,186,084

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements^a

UltraShort MSCI EAFE had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)			Termination Dateb	Counterparty	Rate Paid (Received)c			Reference Instrument	Value and Unrealized Depreciation ($)
	(2,620,346	)	4/10/2023	Citibank NA		(4.17	)%	iShares® MSCI EAFE ETF		(936,973	)
	(1,596,670	)	4/10/2023	Goldman Sachs International		(4.62	)%	iShares® MSCI EAFE ETF		(646,373	)
	(2,361,103	)	3/7/2023	Societe Generale		(3.77	)%	iShares® MSCI EAFE ETF		(887,687	)
	(1,788,110	)	4/10/2024	UBS AG		(4.17	)%	iShares® MSCI EAFE ETF		(554,925	)
	(8,366,229	)								(3,025,958	)
								Total Unrealized Depreciation		(3,025,958	)

^a  In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.

^b  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^c  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

UltraShort MSCI Emerging Markets  

Schedule of Portfolio Investments  

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 67.7%
REPURCHASE AGREEMENTS(a) - 67.7%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $7,153,358
(Cost $7,152,471)		7,152,471		7,152,471
Total Investments - 67.7% (Cost $7,152,471)				7,152,471
Other assets less liabilities - 32.3%				3,408,441
Net Assets - 100.0%				10,560,912

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

UltraShort MSCI Emerging Markets  

Schedule of Portfolio Investments  

February 28, 2023 (Unaudited)

Swap Agreements^a

UltraShort MSCI Emerging Markets had the following open non-exchange traded total return swap agreements as of February 28, 2023:

Notional Amount ($)			Termination Dateb	Counterparty	Rate Paid (Received)c			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(3,084,423	)	4/10/2023	Citibank NA		(4.02	)%	iShares® MSCI Emerging Markets ETF		261,333
	(4,454,631	)	4/10/2023	Goldman Sachs International		(4.07	)%	iShares® MSCI Emerging Markets ETF		337,129
	(11,218,460	)	3/7/2023	Societe Generale		(2.87	)%	iShares® MSCI Emerging Markets ETF		(1,589,295	)
	(2,320,827	)	3/7/2023	UBS AG		(3.47	)%	iShares® MSCI Emerging Markets ETF		1,013,628
	(21,078,341	)								22,795
								Total Unrealized Appreciation		1,612,090
								Total Unrealized Depreciation		(1,589,295	)

^a  In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.

^b  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^c  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

UltraShort MSCI Japan

Schedule of Portfolio Investments

February 28, 2023 (Unaudited) 

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 72.4%
REPURCHASE AGREEMENTS(a) - 72.4%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $4,829,663
(Cost $4,829,066)		4,829,066		4,829,066
Total Investments - 72.4% (Cost $4,829,066)				4,829,066
Other assets less liabilities - 27.6%				1,839,607
Net Assets - 100.0%				6,668,673

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements^a

UltraShort MSCI Japan had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)			Termination Dateb	Counterparty	Rate Paid (Received)c			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(4,764,991	)	4/10/2024	Bank of America NA		(4.12	)%	iShares® MSCI Japan ETF		(434,564	)
	(1,032,299	)	4/10/2023	Morgan Stanley & Co. International plc		(4.02	)%	iShares® MSCI Japan ETF		245,916
	(3,969,207	)	4/10/2023	Societe Generale		(3.42	)%	iShares® MSCI Japan ETF		(439,819	)
	(3,532,417	)	4/10/2023	UBS AG		(3.92	)%	iShares® MSCI Japan ETF		(252,840	)
	(13,298,914	)								(881,307	)
								Total Unrealized Appreciation		245,916
								Total Unrealized Depreciation		(1,127,223	)

^a  In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.

^b  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^c  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

UltraShort Nasdaq Biotechnology

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 18.9%
REPURCHASE AGREEMENTS(a) - 18.9%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $871,558
(Cost $871,447)		871,447		871,447
Total Investments - 18.9% (Cost $871,447)				871,447
Other assets less liabilities - 81.1%				3,737,053
Net Assets - 100.0%				4,608,500

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

UltraShort Nasdaq Biotechnology had the following open non-exchange traded total return swap agreements as of February 28, 2023:                            

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(2,657,011	)	5/8/2023	Bank of America NA		(4.32	)%	NASDAQ Biotechnology Index®		(1,733,449	)
	(1,454,836	)	11/6/2023	BNP Paribas SA		(4.37	)%	NASDAQ Biotechnology Index®		(1,247,023	)
	(2,196,516	)	4/10/2023	Citibank NA		(3.57	)%	NASDAQ Biotechnology Index®		649,809
	(1,263,303	)	3/6/2024	Morgan Stanley & Co. International plc		(4.02	)%	NASDAQ Biotechnology Index®		10,355
	(1,059,544	)	3/7/2023	Societe Generale		(4.42	)%	NASDAQ Biotechnology Index®		846,578
	(570,524	)	11/6/2023	UBS AG		(3.57	)%	NASDAQ Biotechnology Index®		1,254,309
	(9,201,734	)								(219,421	)
								Total Unrealized Appreciation		2,761,051
								Total Unrealized Depreciation		(2,980,472	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

UltraShort Oil & Gas

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 69.0%
REPURCHASE AGREEMENTS(a) - 69.0%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $21,579,083
(Cost $21,576,406)		21,576,406		21,576,406
Total Investments - 69.0% (Cost $21,576,406)				21,576,406
Other assets less liabilities - 31.0%				9,686,551
Net Assets - 100.0%				31,262,957

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

UltraShort Oil & Gas

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Swap Agreements

UltraShort Oil & Gas had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(13,880,632	)	3/6/2024	Bank of America NA		(4.27	)%	Dow Jones U.S. Oil & GasSM Index		1,690,041
	(20,519,255	)	11/6/2023	BNP Paribas SA		(4.67	)%	Dow Jones U.S. Oil & GasSM Index		2,413,299
	(8,843,647	)	3/7/2023	Goldman Sachs International		(4.67	)%	Dow Jones U.S. Oil & GasSM Index		(5,503,929	)
	(1,944,549	)	3/6/2024	Morgan Stanley & Co. International plc		(4.22	)%	Dow Jones U.S. Oil & GasSM Index		834,562
	(10,334,445	)	3/7/2023	Societe Generale		(4.47	)%	Dow Jones U.S. Oil & GasSM Index		(2,752,394	)
	(7,039,725	)	3/7/2023	UBS AG		(4.52	)%	Dow Jones U.S. Oil & GasSM Index		(6,197,360	)
	(62,562,253	)								(9,515,781	)
								Total Unrealized Appreciation		4,937,902
								Total Unrealized Depreciation		(14,453,683	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

UltraShort QQQ

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 79.4%
REPURCHASE AGREEMENTS(a) - 15.1%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $81,267,625
(Cost $81,257,537)		81,257,537		81,257,537
U.S. TREASURY OBLIGATIONS(b) - 64.3%
U.S. Treasury Bills
4.41%, 3/2/2023(c)		25,000,000		24,996,967
4.07%, 3/7/2023(c)		25,000,000		24,981,624
4.14%, 3/9/2023(c)		25,000,000		24,975,090
3.84%, 3/23/2023(c)		50,000,000		49,867,885
4.75%, 5/25/2023(c)		75,000,000		74,180,105
4.82%, 6/13/2023(c)		25,000,000		24,656,583
4.68%, 6/15/2023(c)		25,000,000		24,655,481
4.84%, 6/20/2023(c)		50,000,000		49,264,625
4.72%, 6/22/2023(c)		25,000,000		24,631,377
4.88%, 8/3/2023(c)		25,000,000		24,486,993
TOTAL U.S. TREASURY OBLIGATIONS (Cost $346,715,172)				346,696,730
TOTAL SHORT-TERM INVESTMENTS (Cost $427,972,709)				427,954,267
Total Investments - 79.4% (Cost $427,972,709)				427,954,267
Other assets less liabilities - 20.6%				111,000,076
Net Assets - 100.0%				538,954,343

(a)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $58,783,451.
(c)	The rate shown was the current yield as of February 28, 2023.

UltraShort QQQ

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Sold

UltraShort QQQ had the following open short futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
NASDAQ 100 E-Mini Index		125	3/17/2023	USD	$	30,180,625	$	825,561

Swap Agreements

UltraShort QQQ had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(68,013,894	)	3/7/2023	Bank of America NA		(4.87	)%	NASDAQ-100 Index®		(984,833	)
	(194,203,269	)	11/6/2023	Barclays Capital		(4.77	)%	NASDAQ-100 Index®		(29,162,013	)
	(182,353,823	)	3/7/2023	BNP Paribas SA		(4.92	)%	NASDAQ-100 Index®		(8,202,895	)
	(33,163,998	)	4/10/2023	Citibank NA		(5.05	)%	NASDAQ-100 Index®		23,099,932
	(19,965,835	)	3/7/2023	Goldman Sachs International		(4.92	)%	NASDAQ-100 Index®		35,880,573
	(184,786,331	)	5/8/2023	J.P. Morgan Securities		(4.72	)%	NASDAQ-100 Index®		18,213,686
	(96,445,339	)	3/6/2024	Morgan Stanley & Co. International plc		(4.37	)%	NASDAQ-100 Index®		(10,489,778	)
	(127,911,399	)	4/8/2024	Societe Generale		(5.12	)%	NASDAQ-100 Index®		(216,560	)
	(140,853,535	)	3/7/2023	UBS AG		(4.72	)%	NASDAQ-100 Index®		23,808,666
	(1,047,697,423	)								51,946,778
								Total Unrealized Appreciation		101,002,857
								Total Unrealized Depreciation		(49,056,079	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

UltraShort Real Estate

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 84.7%
REPURCHASE AGREEMENTS(a) - 84.7%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $50,502,303
(Cost $50,496,037)		50,496,037		50,496,037
Total Investments - 84.7% (Cost $50,496,037)				50,496,037
Other assets less liabilities - 15.3%				9,089,718
Net Assets - 100.0%				59,585,755

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

UltraShort Real Estate

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Swap Agreements

UltraShort Real Estate had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(19,622,986	)	5/8/2023	Bank of America NA		(4.92	)%	Dow Jones U.S. Real EstateSM Index		1,918,321
	(47,348,876	)	3/6/2024	BNP Paribas SA		(4.77	)%	Dow Jones U.S. Real EstateSM Index		(4,302,801	)
	(5,747,024	)	3/7/2023	Goldman Sachs International		(4.67	)%	Dow Jones U.S. Real EstateSM Index		(1,616,726	)
	(7,373,961	)	4/10/2023	Morgan Stanley & Co. International plc		(4.22	)%	Dow Jones U.S. Real EstateSM Index		1,444,954
	(11,852,772	)	3/6/2024	Societe Generale		(4.62	)%	Dow Jones U.S. Real EstateSM Index		(4,690,032	)
	(26,884,021	)	3/6/2024	UBS AG		(4.32	)%	Dow Jones U.S. Real EstateSM Index		(1,109,075	)
	(118,829,640	)								(8,355,359	)
								Total Unrealized Appreciation		3,363,275
								Total Unrealized Depreciation		(11,718,634	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

UltraShort Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 103.7%
REPURCHASE AGREEMENTS(a) - 79.1%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $78,256,761
(Cost $78,247,052)		78,247,052		78,247,052
U.S. TREASURY OBLIGATIONS - 24.6%
U.S. Treasury Bills
4.68%, 9/7/2023(b) (Cost $24,397,674)		25,000,000		24,385,931
TOTAL SHORT-TERM INVESTMENTS (Cost $102,644,726)				102,632,983
Total Investments - 103.7% (Cost $102,644,726)				102,632,983
Liabilities in excess of other assets - (3.7%)				(3,658,958	)
Net Assets - 100.0%				98,974,025

(a)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b)	The rate shown was the current yield as of February 28, 2023.

UltraShort Russell2000

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Sold

UltraShort Russell2000 had the following open short futures contracts as of February 28, 2023:

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
Russell 2000 E-Mini Index		59	3/17/2023	USD	$	5,602,345	$	51,997

Swap Agreements

UltraShort Russell2000 had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(17,647,698	)	3/6/2024	Bank of America NA		(3.92	)%	Russell 2000® Index		(2,829,686	)
	(7,271,162	)	11/6/2023	Barclays Capital		(4.67	)%	Russell 2000® Index		(994,344	)
	(961,774	)	5/8/2023	BNP Paribas SA		(4.42	)%	Russell 2000® Index		4,441,106
	(982,641	)	4/10/2023	Citibank NA		(4.38	)%	Russell 2000® Index		9,027,799
	(4,916,998	)	3/7/2023	Goldman Sachs International		(4.57	)%	Russell 2000® Index		1,167,456
	(53,225,745	)	11/6/2023	Morgan Stanley & Co. International plc		(4.27	)%	Russell 2000® Index		(3,123,674	)
	(21,604,446	)	11/6/2023	Morgan Stanley & Co. International plc		(4.27	)%	iShares® Russell 2000 ETF		(1,284,957	)
	(28,103,907	)	11/6/2023	Societe Generale		(4.22	)%	Russell 2000® Index		(16,516,509	)
	(57,647,354	)	3/7/2023	UBS AG		(4.07	)%	Russell 2000® Index		1,319,296
	(192,361,725	)								(8,793,513	)
								Total Unrealized Appreciation		15,955,657
								Total Unrealized Depreciation		(24,749,170	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

UltraShort S&P500^®  

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 94.3%
REPURCHASE AGREEMENTS(a) - 10.3%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $109,014,285
(Cost $109,000,752)		109,000,752		109,000,752
U.S. TREASURY OBLIGATIONS(b) - 84.0%
U.S. Treasury Bills
4.41%, 3/2/2023(c)		25,000,000		24,996,966
4.07%, 3/7/2023(c)		50,000,000		49,963,248
4.14%, 3/9/2023(c)		50,000,000		49,950,181
4.50%, 3/28/2023(c)		100,000,000		99,661,550
4.25%, 3/30/2023(c)		25,000,000		24,912,245
4.15%, 4/6/2023(c)		75,000,000		74,668,950
4.56%, 4/13/2023(c)		50,000,000		49,733,564
4.52%, 4/18/2023(c)		50,000,000		49,693,417
4.54%, 4/20/2023(c)		50,000,000		49,681,666
4.61%, 5/2/2023(c)		50,000,000		49,599,218
4.34%, 5/18/2023(c)		75,000,000		74,243,156
4.75%, 5/25/2023(c)		50,000,000		49,453,403
4.82%, 6/13/2023(c)		25,000,000		24,656,583
4.58%, 6/15/2023(c)		25,000,000		24,655,481
4.71%, 7/13/2023(c)		100,000,000		98,233,806
4.72%, 7/20/2023(c)		50,000,000		49,070,477
4.88%, 8/3/2023(c)		25,000,000		24,486,993
4.68%, 9/7/2023(c)		25,000,000		24,385,931
TOTAL U.S. TREASURY OBLIGATIONS (Cost $892,269,558)				892,046,835
TOTAL SHORT-TERM INVESTMENTS (Cost $1,001,270,310)				1,001,047,587
Total Investments - 94.3% (Cost $1,001,270,310)				1,001,047,587
Other assets less liabilities - 5.7%				60,393,603
Net Assets - 100.0%				1,061,441,190

(a)	The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b)	All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $230,326,560.
(c)	The rate shown was the current yield as of February 28, 2023.

UltraShort S&P500^®  

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Futures Contracts Sold

UltraShort S&P500^® had the following open short futures contracts as of February 28, 2023:  

	Number of Contracts		Expiration Date	Trading Currency	Notional Amount		Value and Unrealized Appreciation
S&P 500 E-Mini Index		215	3/17/2023	USD	$	42,736,625	$	1,245,222

Swap Agreements

UltraShort S&P500^® had the following open non-exchange traded total return swap agreements as of February 28, 2023:                            

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(201,508,933	)	5/8/2023	Bank of America NA		(4.62	)%	S&P 500®		18,014,860
	(132,952,383	)	5/8/2023	BNP Paribas SA		(4.87	)%	S&P 500®		63,367,767
	(337,395,258	)	4/8/2024	Citibank NA		(5.05	)%	S&P 500®		(36,913,601	)
	(405,733,449	)	3/7/2023	Goldman Sachs International		(4.92	)%	S&P 500®		2,055,793
	(301,012,803	)	3/6/2024	J.P. Morgan Securities		(4.72	)%	S&P 500®		(11,384,218	)
	(164,677,852	)	4/10/2023	Morgan Stanley & Co. International plc		(4.37	)%	S&P 500®		(947,722	)
	(318,108,269	)	3/7/2023	Societe Generale		(4.77	)%	S&P 500®		42,958,364
	(218,793,617	)	3/7/2023	UBS AG		(4.72	)%	S&P 500®		(45,285,903	)
	(2,080,182,564	)								31,865,340
								Total Unrealized Appreciation		126,396,784
								Total Unrealized Depreciation		(94,531,444	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

Abbreviations
USD	U.S. Dollar

UltraShort Semiconductors

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 92.5%
REPURCHASE AGREEMENTS(a) - 92.5%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $7,424,995
(Cost $7,424,074)		7,424,074		7,424,074
Total Investments - 92.5% (Cost $7,424,074)				7,424,074
Other assets less liabilities - 7.5%				598,335
Net Assets - 100.0%				8,022,409

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

UltraShort Semiconductors had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(3,222,499	)	5/8/2023	Bank of America NA		(4.57	)%	Dow Jones U.S. SemiconductorsSM Indexc		(1,141,999	)
	(2,799,414	)	11/6/2023	BNP Paribas SA		(4.67	)%	Dow Jones U.S. SemiconductorsSM Indexc		(690,124	)
	(260,902	)	3/6/2024	Goldman Sachs International		(4.67	)%	Dow Jones U.S. SemiconductorsSM Indexc		(49,139	)
	(698,091	)	5/8/2023	J.P. Morgan Securities		(4.77	)%	Dow Jones U.S. SemiconductorsSM Indexc		(2,118	)
	(3,850,075	)	3/6/2024	Morgan Stanley & Co. International plc		(4.22	)%	Dow Jones U.S. SemiconductorsSM Indexc		(2,812,369	)
	(874,376	)	3/7/2023	Societe Generale		(4.57	)%	Dow Jones U.S. SemiconductorsSM Indexc		463,141
	(4,301,366	)	3/6/2024	UBS AG		(4.67	)%	Dow Jones U.S. SemiconductorsSM Indexc		(527,609	)
	(16,006,723	)								(4,760,217	)
								Total Unrealized Appreciation		463,141
								Total Unrealized Depreciation		(5,223,358	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

^c  See the Common Stocks section of the Schedule of Portfolio Investments of ProShares Ultra Semiconductors for the components of the underlying reference instrument and their relative weightings.

UltraShort SmallCap600

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 89.8%
REPURCHASE AGREEMENTS(a) - 89.8%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $3,636,070
(Cost $3,635,620)		3,635,620		3,635,620
Total Investments - 89.8% (Cost $3,635,620)				3,635,620
Other assets less liabilities - 10.2%				414,178
Net Assets - 100.0%				4,049,798

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

UltraShort SmallCap600 had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Depreciation ($)
	(2,236,122	)	3/6/2024	Bank of America NA		(4.57	)%	S&P SmallCap 600®		(107,660	)
	(1,658,977	)	3/6/2024	Morgan Stanley & Co. International plc		(4.22	)%	S&P SmallCap 600®		(137,607	)
	(1,031,864	)	4/10/2023	Societe Generale		(4.22	)%	S&P SmallCap 600®		(172,593	)
	(3,173,044	)	3/7/2023	UBS AG		(4.42	)%	S&P SmallCap 600®		(369,319	)
	(8,100,007	)								(787,179	)
								Total Unrealized Depreciation		(787,179	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

UltraShort Technology

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 77.2%
REPURCHASE AGREEMENTS(a) - 77.2%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $6,109,123
(Cost $6,108,365)		6,108,365		6,108,365
Total Investments - 77.2% (Cost $6,108,365)				6,108,365
Other assets less liabilities - 22.8%				1,803,402
Net Assets - 100.0%				7,911,767

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

UltraShort Technology had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(1,757,743	)	3/6/2024	Bank of America NA		(4.52	)%	Dow Jones U.S. TechnologySM Indexc		(497,539	)
	(2,187,719	)	3/6/2024	BNP Paribas SA		(4.77	)%	Dow Jones U.S. TechnologySM Indexc		(1,099,760	)
	(1,909,094	)	11/6/2023	Goldman Sachs International		(4.67	)%	Dow Jones U.S. TechnologySM Indexc		(763,590	)
	(1,685,507	)	3/6/2024	Morgan Stanley & Co. International plc		(4.22	)%	Dow Jones U.S. TechnologySM Indexc		(133,558	)
	(2,411,307	)	3/6/2024	Societe Generale		(4.47	)%	Dow Jones U.S. TechnologySM Indexc		(988,773	)
	(5,854,557	)	3/7/2023	UBS AG		(4.42	)%	Dow Jones U.S. TechnologySM Indexc		214,306
	(15,805,927	)								(3,268,914	)
								Total Unrealized Appreciation		214,306
								Total Unrealized Depreciation		(3,483,220	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

^c  See the Common Stocks section of the Schedule of Portfolio Investments of ProShares Ultra Technology for the components of the underlying reference instrument and their relative weightings.

UltraShort Utilities

Schedule of Portfolio Investments

February 28, 2023 (Unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 77.2%
REPURCHASE AGREEMENTS(a) - 77.2%
Repurchase Agreements with various counterparties, rates 3.95% - 4.53%, dated 2/28/2023, due 3/1/2023, total to be received $2,381,264
(Cost $2,380,968)		2,380,968		2,380,968
Total Investments - 77.2% (Cost $2,380,968)				2,380,968
Other assets less liabilities - 22.8%				704,763
Net Assets - 100.0%				3,085,731

(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See “Repurchase Agreements” in the Notes to Schedules of Portfolio Investments to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.

Swap Agreements

UltraShort Utilities had the following open non-exchange traded total return swap agreements as of February 28, 2023:                             

Notional Amount ($)			Termination Datea	Counterparty	Rate Paid (Received)b			Reference Instrument	Value and Unrealized Appreciation/ (Depreciation) ($)
	(1,630,479	)	3/6/2024	Bank of America NA		(4.37	)%	Dow Jones U.S. UtilitiesSM Indexc		(179,689	)
	(710,063	)	3/6/2024	Morgan Stanley & Co. International plc		(4.22	)%	Dow Jones U.S. UtilitiesSM Indexc		8,991
	(1,627,588	)	3/7/2023	Societe Generale		(4.47	)%	Dow Jones U.S. UtilitiesSM Indexc		165,015
	(2,190,564	)	3/6/2024	UBS AG		(4.32	)%	Dow Jones U.S. UtilitiesSM Indexc		(343,903	)
	(6,158,694	)								(349,586	)
								Total Unrealized Appreciation		174,006
								Total Unrealized Depreciation		(523,592	)

^a  Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.

^b  Reflects the floating financing rate, as of February 28, 2023, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. This amount is included as part of the unrealized appreciation/(depreciation).

^c  See the Common Stocks section of the Schedule of Portfolio Investments of ProShares Ultra Utilities for the components of the underlying reference instrument and their relative weightings.

ProShares Trust

Notes to Schedules of portfolio investments

FEBRUARY 28, 2023 (UNAUDITED)

Repurchase Agreements

Each of the Funds may enter into repurchase agreements. Repurchase agreements are primarily used by the Funds as short-term investments for cash positions. Under a repurchase agreement, a Fund purchases one or more debt securities and simultaneously agrees to sell those securities back to the seller at a mutually agreed-upon future price and date, normally one day or a few days later. The resale price is greater than the purchase price, reflecting an agreed-upon market interest rate during the purchaser’s holding period. While the maturities of the underlying securities in repurchase transactions may be more than one year, the term of each repurchase agreement will always be less than one year. The Funds follow certain procedures designed to minimize the risks inherent in such agreements. These procedures include effecting repurchase transactions generally with major global financial institutions whose creditworthiness is continuously monitored by the Advisor. In addition, the value of the collateral underlying the repurchase agreement is required to be at least equal to the repurchase price, including any accrued interest income earned on the repurchase agreement. The Funds may invest in repurchase agreements through joint account arrangements; in such cases, each Fund holds a pro rata share of the collateral and interest income based upon the dollar amount of the repurchase agreements entered into by each Fund. The collateral underlying the repurchase agreement is held by the Fund’s custodian. A repurchase agreement is subject to the risk that the counterparty to the repurchase agreement that sells the securities may default on its obligation to repurchase them. In this circumstance, a Fund may lose money because it may not be able to sell the securities at the agreed upon time and price, the securities may lose value before they can be sold, the selling institution may declare bankruptcy or the Fund may have difficulty exercising rights to the collateral. During periods of high demand for repurchase agreements, the Funds may be unable to invest available cash in these instruments to the extent desired by the Advisor.

On February 28, 2023, the Funds had interest in joint repurchase agreements with the following counterparties, for the time periods and rates indicated. Amounts shown in the table below represent Principal Amount, Cost and Value for each respective repurchase agreement.

Fund Name	Bank of America Securities, Inc.,  4%, dated 02/28/2023 due 03/01/2023(a)		Bank of America Securities, Inc.,  4.52%, dated 02/28/2023 due 03/01/2023(b)		Barclays Capital, Inc.,  4.5%, dated 02/28/2023 due 03/01/2023(c)		BNP Paribas Securities Corp., 3.95%, dated 02/28/2023 due 03/01/2023(d)		BNP Paribas Securities Corp., 4.52%, dated 02/28/2023 due 03/01/2023(e)		ING Financial Markets LLC, 4.53%, dated 02/28/2023 due 03/01/2023(f)		Total
Short 7-10 Year Treasury	$	1,493,574	$	298,715	$	3,008,776	$	896,144	$	12,844,739	$	6,482,111	$	25,024,059
Short 20+ Year Treasury		2,577,586		515,517		5,192,497		1,546,552		22,167,240		11,186,724		43,186,116
Short Dow30SM		3,392,003		678,401		6,833,127		2,035,202		29,171,234		14,721,297		56,831,264
Short Financials		1,413,498		282,700		2,847,464		848,099		12,156,085		6,134,582		23,682,428
Short FTSE China 50		306,127		61,225		616,686		183,677		2,632,687		1,328,589		5,128,991
Short High Yield		1,839,111		367,821		3,704,853		1,103,467		15,816,353		7,981,742		30,813,347
Short MidCap400		658,490		131,698		1,326,514		395,094		5,663,010		2,857,845		11,032,651
Short MSCI EAFE		4,076,558		815,312		8,212,148		2,445,935		35,058,401		17,692,264		68,300,618
Short MSCI Emerging Markets		1,553,239		310,648		3,128,970		931,943		13,357,855		6,741,057		26,023,712
Short QQQ		16,299,410		3,259,882		32,834,846		9,779,646		140,174,929		70,739,441		273,088,154
Short Real Estate		2,049,122		409,824		4,127,917		1,229,473		17,622,451		8,893,191		34,331,978
Short Russell2000		6,050,247		1,210,049		12,188,106		3,630,149		52,032,122		26,258,070		101,368,743
Short S&P500®		20,036,267		4,007,253		40,362,672		12,021,760		172,311,896		86,957,400		335,697,248
Short SmallCap600		716,589		143,318		1,443,555		429,953		6,162,669		3,109,999		12,006,083
Ultra 7-10 Year Treasury		556,500		111,300		1,121,060		333,901		4,785,909		2,415,215		9,323,885
Ultra 20+ Year Treasury		2,481,287		496,258		4,998,504		1,488,772		21,339,068		10,768,786		41,572,675
Ultra Basic Materials		295,130		59,026		594,535		177,078		2,538,121		1,280,866		4,944,756
Ultra Consumer Goods		174,919		34,984		352,372		104,951		1,504,303		759,148		2,930,677
Ultra Consumer Services		148,264		29,652		298,674		88,958		1,275,067		643,465		2,484,080
Ultra Dow30SM		4,734,463		946,894		9,537,483		2,840,678		40,716,380		20,547,568		79,323,466
Ultra Financials		2,803,762		560,752		5,648,124		1,682,257		24,112,352		12,168,328		46,975,575
Ultra FTSE China 50		475,745		95,150		958,379		285,447		4,091,411		2,064,735		7,970,867
Ultra FTSE Europe		138,103		27,621		278,207		82,862		1,187,688		599,369		2,313,850
Ultra Health Care		558,048		111,610		1,124,176		334,829		4,799,210		2,421,926		9,349,799
Ultra High Yield		266,486		53,297		536,831		159,892		2,291,779		1,156,550		4,464,835
Ultra Industrials		192,854		38,571		388,502		115,713		1,658,552		836,990		3,231,182
Ultra MidCap400		1,302,757		260,551		2,624,379		781,654		11,203,709		5,653,964		21,827,014
Ultra MSCI Brazil Capped		139,222		27,844		280,459		83,533		1,197,307		604,222		2,332,587
Ultra MSCI EAFE		533,697		106,740		1,075,125		320,219		4,589,804		2,316,249		8,941,834
Ultra MSCI Emerging Markets		728,200		145,640		1,466,946		436,920		6,262,524		3,160,390		12,200,620
Ultra MSCI Japan		67,006		13,401		134,983		40,205		576,255		290,808		1,122,658
Ultra Nasdaq Biotechnology		1,224,829		244,966		2,467,393		734,897		10,533,526		5,315,757		20,521,368
Ultra Nasdaq Cloud Computing		29,071		5,814		58,563		17,443		250,013		126,169		487,073
Ultra Nasdaq Cybersecurity		41,372		8,274		83,342		24,823		355,795		179,553		693,159
Ultra Oil & Gas		952,076		190,415		1,917,938		571,245		8,187,850		4,132,007		15,951,531
Ultra QQQ		4,239,151		847,830		8,539,685		2,543,490		36,456,687		18,397,909		71,024,752
Ultra Real Estate		1,116,052		223,211		2,248,265		669,631		9,598,046		4,843,664		18,698,869
Ultra Russell2000		1,798,230		359,646		3,622,498		1,078,937		15,464,769		7,804,313		30,128,393
Ultra S&P500®		20,383,583		4,076,716		41,062,333		12,230,150		175,298,811		88,464,749		341,516,342
Ultra Semiconductors		2,142,902		428,580		4,316,835		1,285,741		18,428,956		9,300,194		35,903,208
Ultra SmallCap600		240,257		48,051		483,994		144,154		2,066,215		1,042,718		4,025,389
Ultra Technology		3,637,913		727,583		7,328,505		2,182,748		31,286,050		15,788,540		60,951,339
Ultra Telecommunications		3,868		774		7,793		2,321		33,269		16,789		64,814
Ultra Utilities		123,290		24,658		248,365		73,974		1,060,292		535,078		2,065,657
UltraPro Dow30SM		6,150,145		1,230,029		12,389,347		3,690,087		52,891,243		26,691,627		103,042,478
UltraPro MidCap400		58,774		11,755		118,400		35,265		505,458		255,081		984,733
UltraPro QQQ		51,055,459		10,211,092		102,850,235		30,633,276		439,076,951		221,580,693		855,407,706
UltraPro Russell2000		1,115,489		223,099		2,247,131		669,293		9,593,205		4,841,222		18,689,439
UltraPro S&P500®		1,929,766		385,953		3,887,474		1,157,859		16,595,979		8,375,180		32,332,211
UltraPro Short 20+ Year Treasury		3,944,971		788,994		7,947,067		2,366,982		33,926,747		17,121,172		66,095,933
UltraPro Short Dow30SM		1,769,991		353,998		3,565,611		1,061,994		15,221,915		7,681,757		29,655,266
UltraPro Short MidCap400		341,357		68,271		687,657		204,814		2,935,668		1,481,488		5,719,255
UltraPro Short QQQ		14,640,076		2,928,015		29,492,148		8,784,045		125,904,649		63,537,927		245,286,860
UltraPro Short Russell2000		2,164,042		432,808		4,359,420		1,298,425		18,610,759		9,391,942		36,257,396
UltraPro Short S&P500®		5,220,382		1,044,077		10,516,361		3,132,230		44,895,294		22,656,463		87,464,807
UltraShort 7-10 Year Treasury		2,150,726		430,144		4,332,597		1,290,436		18,496,247		9,334,152		36,034,302

Fund Name	Bank of America Securities, Inc.,  4%, dated 02/28/2023 due 03/01/2023(a)		Bank of America Securities, Inc.,  4.52%, dated 02/28/2023 due 03/01/2023(b)		Barclays Capital, Inc.,  4.5%, dated 02/28/2023 due 03/01/2023(c)		BNP Paribas Securities Corp., 3.95%, dated 02/28/2023 due 03/01/2023(d)		BNP Paribas Securities Corp., 4.52%, dated 02/28/2023 due 03/01/2023(e)		ING Financial Markets LLC, 4.53%, dated 02/28/2023 due 03/01/2023(f)		Total
UltraShort 20+ Year Treasury		6,425,606		1,285,121		12,944,259		3,855,364		55,260,212		27,887,131		107,657,693
UltraShort Basic Materials		142,252		28,450		286,565		85,352		1,223,374		617,377		2,383,370
UltraShort Consumer Goods		66,564		13,313		134,092		39,939		572,455		288,890		1,115,253
UltraShort Consumer Services		100,819		20,164		203,098		60,491		867,043		437,554		1,689,169
UltraShort Dow30SM		1,148,099		229,620		2,312,823		688,859		9,873,650		4,982,749		19,235,800
UltraShort Financials		779,367		155,873		1,570,019		467,620		6,702,557		3,382,455		13,057,891
UltraShort FTSE China 50		924,566		184,913		1,862,520		554,740		7,951,267		4,012,617		15,490,623
UltraShort FTSE Europe		2,355,484		471,097		4,745,076		1,413,290		20,257,159		10,222,799		39,464,905
UltraShort Health Care		96,044		19,209		193,480		57,626		825,978		416,830		1,609,167
UltraShort Industrials		104,994		20,999		211,507		62,996		902,945		455,672		1,759,113
UltraShort MidCap400		147,532		29,506		297,200		88,519		1,268,774		640,290		2,471,821
UltraShort MSCI Brazil Capped		678,953		135,791		1,367,739		407,372		5,838,998		2,946,658		11,375,511
UltraShort MSCI EAFE		216,855		43,371		436,851		130,113		1,864,954		941,151		3,633,295
UltraShort MSCI Emerging Markets		426,899		85,380		859,980		256,140		3,671,331		1,852,741		7,152,471
UltraShort MSCI Japan		288,225		57,645		580,624		172,936		2,478,738		1,250,898		4,829,066
UltraShort Nasdaq Biotechnology		52,013		10,403		104,778		31,208		447,310		225,735		871,447
UltraShort Oil & Gas		1,287,800		257,560		2,594,246		772,679		11,075,073		5,589,048		21,576,406
UltraShort QQQ		4,849,899		969,980		9,770,028		2,909,939		41,709,131		21,048,560		81,257,537
UltraShort Real Estate		3,013,882		602,777		6,071,408		1,808,330		25,919,390		13,080,250		50,496,037
UltraShort Russell2000		4,670,216		934,043		9,408,062		2,802,130		40,163,861		20,268,740		78,247,052
UltraShort S&P500®		6,505,767		1,301,153		13,105,743		3,903,460		55,949,598		28,235,031		109,000,752
UltraShort Semiconductors		443,110		88,622		892,636		265,865		3,810,744		1,923,097		7,424,074
UltraShort SmallCap600		216,994		43,399		437,130		130,196		1,866,148		941,753		3,635,620
UltraShort Technology		364,581		72,916		734,441		218,749		3,135,397		1,582,281		6,108,365
UltraShort Utilities		142,109		28,422		286,276		85,266		1,222,141		616,754		2,380,968
	$	239,980,666	$	47,996,134	$	483,436,408	$	143,988,402	$	2,063,833,732	$	1,041,516,096	$	4,020,751,438

Each Repurchase Agreement was fully collateralized by U.S. government and/or agency securities at February 28, 2023 as follows:

^(a) U.S. Treasury Notes, 1.75 to 4%, due 12/31/2024 to 2/29/2028, which had an aggregate value at the Trust level of $255,000,006.

^(b) U.S. Treasury Notes, 1.88%, due 2/15/2032, which had an aggregate value at the Trust level of $51,000,020.

^(c) U.S. Treasury Bonds, 1.75% to 2.88%, due 8/15/2041 to 5/15/2052; U.S. Treasury Notes, 0.38%, due 8/15/2024, which had an aggregate value at the Trust level of $513,692,665.

^(d) U.S. Treasury Bills, 0%, due 3/9/2023 to 10/5/2023; U.S. Treasury Bonds, 0% to 2.88%, due 11/15/2025 to 2/15/2052; U.S. Treasury Notes, 0.13% to 4%, due 7/31/2023 to 2/29/2028, which had an aggregate value at the Trust level of $153,000,000.

^(e) U.S. Treasury Bonds, 0% to 6.75%, due 8/15/2023 to 5/15/2052; U.S. Treasury Notes, 0.13 % to 4.63%, due 3/31/2023 to 7/15/2030, which had an aggregate value at the Trust level of $2,193,000,000.

^(f) Federal Farm Credit Bank, 0%, due 4/3/2023 to 5/24/2023; Federal Home Loan Bank, 0.50% to 4.61%, due 5/20/2024 to 6/13/2025; Federal Home Loan Mortgage Corp., 0%, due 9/15/2029 to 3/15/2031; Federal National Mortgage Association, 0% to 6.63%, due 9/6/2024 to 11/15/2030; U.S. Treasury Bills, 0%, due 4/25/2023 to 1/25/2024; U.S. Treasury Bonds, 0.75% to 5.38%, due 1/15/2027 to 5/15/2051; U.S. Treasury Notes, 0.13% to 3.88%, due 9/15/2023 to 5/15/2032, which had an aggregate value at the Trust level of $1,106,700,759.