0001752724-23-196257.txt : 20230828 0001752724-23-196257.hdr.sgml : 20230828 20230828161938 ACCESSION NUMBER: 0001752724-23-196257 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230630 FILED AS OF DATE: 20230828 DATE AS OF CHANGE: 20230828 PERIOD START: 20230930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: World Funds Trust CENTRAL INDEX KEY: 0001396092 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-22172 FILM NUMBER: 231215856 BUSINESS ADDRESS: STREET 1: 8730 STONY POINT PARKWAY STREET 2: SUITE 205 CITY: RICHMOND STATE: VA ZIP: 23235 BUSINESS PHONE: 804-267-7400 MAIL ADDRESS: STREET 1: 8730 STONY POINT PARKWAY STREET 2: SUITE 205 CITY: RICHMOND STATE: VA ZIP: 23235 FORMER COMPANY: FORMER CONFORMED NAME: Abacus World Funds Trust DATE OF NAME CHANGE: 20070410 0001396092 S000073806 Curasset Capital Management Core Bond Fund C000230996 Founders Class CMBEX C000230997 Institutional Class CMBIX C000230998 Class A CMBAX NPORT-P 1 primary_doc.xml NPORT-P false 0001396092 XXXXXXXX S000073806 C000230998 C000230996 C000230997 World Funds Trust 811-22172 0001396092 5493007BOSPYEMKSSY03 8730 Stony Point Parkway Suite 205 Richmond 23235 800-673-0550 Curasset Capital Management Core Bond Fund S000073806 549300F7X8LOIFDMO498 2023-09-30 2023-06-30 N 190271359.14 1101137.87 189170221.27 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 USD N Default N/A FANNIE MAE 08/25/2042 3.50% 3136AJGA8 9211902.00000000 PA USD 60366.29000000 0.031911095517 Long ABS-MBS CORP US Y 2 2042-08-25 Fixed 3.50000000 N N N N N N Default N/A CH ROBINSON WRLD 4.2% 04/15/2028 12541WAA8 1000000.00000000 PA USD 957687.00000000 0.506256742509 Long DBT CORP US N 2 2028-04-15 Fixed 4.20000000 N N N N N N Default N/A T 1 1/2 11/30/28 GOVT 91282CDL2 12750000.00000000 PA USD 11152272.00000000 5.895363406105 Long DBT UST US N 2 2028-11-30 Floating 1.50000000 N N N N N N FARM CREDIT BK OF TEXAS N/A FARM CREDIT BK PERP 6.75% 30767E406 4000.00000000 NS USD 405000.00000000 0.214092893311 Long EC CORP US N 1 N N N Default N/A AMERICAN CREDIT 06/13/2028 4.41% 02530BAE0 1687500.00000000 PA USD 1652317.31000000 0.873455292755 Long ABS-MBS CORP US Y 2 2028-06-13 Fixed 4.41000000 N N N N N N Default N/A PSXP 3 3/4 03/01/28 718549AF5 440000.00000000 PA USD 382577.80000000 0.202239970663 Long DBT CORP US N 2 2028-03-01 Fixed 3.75000000 N N N N N N Default N/A ALLISON TRANSMISSION 10/01/2027 4.75% 019736AE7 450000.00000000 PA USD 424053.00000000 0.224164774536 Long DBT CORP US Y 2 2027-10-01 Fixed 4.75000000 N N N N N N Default N/A MACQUARIE GROUP 06/21/2028 4.098% 55608JBC1 2000000.00000000 PA USD 1869796.00000000 0.988419840843 Long DBT CORP US Y 2 2028-06-21 Floating 4.09800000 N N N N N N FANNIE MAE N/A FANNIE MAE 02/25/2047 VAR 3136BNFA9 22017104.00000000 PA USD 40852.45000000 0.021595603010 Long DBT USGSE US N 2 2047-02-25 Floating 0.16501000 N N N N N N Default N/A QORVO INC 12/15/2024 1.75% 74739DAA2 500000.00000000 PA USD 464924.00000000 0.245770183530 Long DBT CORP US N 2 2024-12-15 Fixed 1.75000000 N N N N N N Default N/A AMERICAN CREDIT ACCEPT 12/14/2026 1.31% 02530QAC1 900000.00000000 PA USD 256922.53000000 0.135815525443 Long ABS-MBS CORP US Y 2 2026-12-14 Fixed 1.31000000 N N N N N N Default N/A AMERICAN CREDIT 06/13/2028 4.85% 02530BAG5 900000.00000000 PA USD 859952.70000000 0.454592004083 Long ABS-MBS CORP US Y 2 2028-06-13 Fixed 4.85000000 N N N N N N Default N/A HUBBELL INC 08/15/2027 3.15% 443510AH5 2000000.00000000 PA USD 1846544.00000000 0.976128265645 Long DBT CORP US N 2 2027-08-15 Fixed 3.15000000 N N N N N N FREDDIE MAC N/A FREDDIE MAC - STACR 06/25/2042 VAR% 35564KYW3 1000000.00000000 PA USD 1099864.00000000 0.581414977799 Long DBT USGSE US Y 2 2042-06-25 Floating 11.81655000 N N N N N N Default N/A TRICOLOR AUTO 08/15/2025 4.71% MTGE 89616BAC8 485000.00000000 PA USD 476279.70000000 0.251773083946 Long ABS-MBS CORP US Y 2 2025-08-15 Fixed 4.71000000 N N N N N N Default N/A C 4.412 3/31/2031 172967MP3 250000.00000000 PA USD 235065.50000000 0.124261365463 Long DBT CORP US N 2 2031-03-31 Floating 4.41200000 N N N N N N Default N/A US TREASURY N/B 02/15/2053 3.625% 912810TN8 5000000.00000000 PA USD 4798440.00000000 2.536572599950 Long DBT UST US N 2 2053-02-15 Floating 3.62500000 N N N N N N Default N/A AVALON HOLDINGS FNDG 11/18/2027 2.528% 05401AAR2 1000000.00000000 PA USD 843098.00000000 0.445682197937 Long DBT CORP US Y 2 2027-11-18 Fixed 2.52800000 N N N N N N Default N/A FHR 4046 LI Mtge 3137AQH35 25937000.00000000 PA USD 63326.04000000 0.033475691667 Long DBT USGSE US N 2 2027-05-15 Fixed 3.00000000 N N N N N N Default N/A BRUNSWICK CORP 08/01/2027 7.125% 117043AG4 1314000.00000000 PA USD 1361088.50000000 0.719504629672 Long DBT CORP US N 2 2027-08-01 Fixed 7.12500000 N N N N N N Default N/A CRVNA 2021-N2 E 14686KAF4 100000.00000000 PA USD 88770.00000000 0.046925990467 Long ABS-MBS CORP US Y 2 2028-03-10 Fixed 2.90000000 N N N N N N Default N/A CARVANA AUTO N1 A1 12/11/2028 2.31% MTGE 14686GAA4 450000.00000000 PA USD 119130.98000000 0.062975546151 Long ABS-MBS CORP US Y 2 2028-12-11 Fixed 2.31000000 N N N N N N Default N/A SEQUOIA MORTGAGE TRUST 4/25/50 3% 81748AAD6 1650000.00000000 PA USD 186831.77000000 0.098763837535 Long ABS-MBS CORP US Y 2 2050-04-25 Fixed 3.00000000 N N N N N N Default N/A SPRINT CORP 06/15/2024 7.125% 85207UAH8 450000.00000000 PA USD 454024.35000000 0.240008362284 Long DBT CORP US N 2 2024-06-15 Fixed 7.12500000 N N N N N N Default N/A DT AUTO 02/16/2027 1.50% 23345EAG0 888000.00000000 PA USD 826948.22000000 0.437145029724 Long ABS-MBS CORP US N 2 2027-02-16 Fixed 1.50000000 N N N N N N Default N/A FLOUR CORP 09/15/2028 4.25% 343412AF9 360000.00000000 PA USD 333979.20000000 0.176549563540 Long DBT CORP US N 2 2028-09-15 Fixed 4.25000000 N N N N N N Default N/A FOURTUNE BRANDS 03/25/22 4.5% 34964CAG1 500000.00000000 PA USD 389297.50000000 0.205792168231 Long DBT CORP US N 2 2052-03-25 Fixed 4.50000000 N N N N N N Default N/A SANTANDER DRIVE AUTO 03/16/2026 5.87% 80287JAB0 2000000.00000000 PA USD 1997892.00000000 1.056134515563 Long ABS-MBS CORP US Y 2 2026-03-16 Fixed 5.87000000 N N N N N N Default N/A AIRCASTLE LTD 05/01/2024 4.125% 00928QAQ4 900000.00000000 PA USD 875749.50000000 0.462942578446 Long DBT CORP US N 2 2024-05-01 Fixed 4.12500000 N N N N N N Default N/A CARVANA AUTO RECEIVABLES 3/10/2028 1.07% 14686KAD9 640000.00000000 PA USD 206836.98000000 0.109339080227 Long ABS-MBS CORP US N 2 2028-03-10 Fixed 1.07000000 N N N N N N Default N/A MARATHON PETROLEUM CORP 9/15/2024 3.625% 56585AAG7 540000.00000000 PA USD 525808.26000000 0.277955090642 Long DBT CORP US N 2 2024-09-15 Fixed 3.62500000 N N N N N N Default N/A T 1 3/8 11/15/31 GOVT 91282CDJ7 3800000.00000000 PA USD 3133366.00000000 1.656373809241 Long DBT UST US N 2 2031-11-15 Floating 1.37500000 N N N N N N Default N/A Federated Government Obligations Fund Institutional Class 60934N104 8030421.42000000 NS USD 8030421.42000000 4.245076929173 Long STIV RF US N 1 N N N Default N/A SANTANDER DRIVE AUTO 01/15/2026 1.01% 80286WAF3 2312000.00000000 PA USD 337783.53000000 0.178560625309 Long ABS-MBS CORP US N 2 2026-01-15 Fixed 1.01000000 N N N N N N Default N/A AUTONATION INC 08/01/2031 2.4% 05329WAS1 1000000.00000000 PA USD 758677.00000000 0.401055195107 Long DBT CORP US N 2 2031-08-01 Fixed 2.40000000 N N N N N N PVH CORP N/A PVH CORP 07/10/2025 4 5/8% 693656AC4 1000000.00000000 PA USD 966973.00000000 0.511165548947 Long DBT CORP US N 2 2025-07-10 Fixed 4.62500000 N N N N N N Default N/A CAS 2022-R01 1M2 VAR% 20754LAB5 250000.00000000 PA USD 243595.00000000 0.128770267521 Long ABS-MBS CORP US Y 2 2026-12-25 Floating 6.96655000 N N N N N N Default N/A ENLINK MIDSTREAM PARTNER 04/01/2024 4.4% 29336UAB3 400000.00000000 PA USD 393179.60000000 0.207844341123 Long DBT CORP US N 2 2024-04-01 Fixed 4.40000000 N N N N N N Default N/A WIN 2016-1 B2 Mtge 97655JCC4 230000.00000000 PA USD 136938.87000000 0.072389231814 Long ABS-MBS CORP US Y 2 2046-01-20 Floating 3.77922000 N N N N N N Default N/A ONEOK INC 09/01/2029 3.4% 682680AY9 1000000.00000000 PA USD 871920.00000000 0.460918211199 Long DBT CORP US N 2 2029-09-01 Fixed 3.40000000 N N N N N N Default N/A WORTHINGTON INDUSTRIES 04/15/2026 4.55% 981811AE2 1000000.00000000 PA USD 945294.00000000 0.499705499974 Long DBT CORP US N 2 2026-04-15 Fixed 4.55000000 N N N N N N Default N/A SEMPRA ENERGY 06/19/2164 VAR% 816851BK4 500000.00000000 PA USD 465034.00000000 0.245828332217 Long DBT CORP US N 2 2025-10-15 Floating 4.87500000 N N N N N N Default N/A JPMorgan Chase 01/25/2028 1.886% MTGE 46591HAQ3 1012500.00000000 PA USD 37418.87000000 0.019780528747 Long ABS-MBS CORP US Y 2 2028-01-25 Fixed 1.88600000 N N N N N N Default N/A WESTLAKE AUTOMOBILE 01/15/2026 2.76% 96042PAF9 1840000.00000000 PA USD 1810353.92000000 0.956997305308 Long ABS-MBS CORP US Y 2 2026-01-15 Fixed 2.76000000 N N N N N N Default N/A USASF RECEIVABLES LLC 03/17/2025 1.49% 90355EAB7 720000.00000000 PA USD 336127.67000000 0.177685297264 Long ABS-MBS CORP US Y 2 2025-03-17 Fixed 1.49000000 N N N N N N Default N/A FMC CORP 10/01/2026 3.2% 302491AT2 600000.00000000 PA USD 556905.00000000 0.294393587035 Long DBT CORP US N 2 2026-10-01 Fixed 3.20000000 N N N N N N Default N/A AVNET INC 06/01/2032 5.5% 053807AV5 1000000.00000000 PA USD 949496.00000000 0.501926779820 Long DBT CORP US N 2 2032-06-01 Fixed 5.50000000 N N N N N N Default N/A GENERAL MOTORS 01/12/2032 3.1% 37045XDS2 1000000.00000000 PA USD 808802.00000000 0.427552494557 Long DBT CORP US N 2 2032-01-12 Fixed 3.10000000 N N N N N N Default N/A SANTAN 2.749 12/3/2030 05971KAG4 250000.00000000 PA USD 195928.25000000 0.103572459071 Long DBT CORP US N 2 2030-12-03 Fixed 2.74900000 N N N N N N Default N/A PFMT 2021-2 A1 2.5% 4/25/2051 74388JAA3 1000000.00000000 PA USD 678432.54000000 0.358636013345 Long ABS-MBS CORP US Y 2 2051-04-25 Fixed 2.50000000 N N N N N N Default N/A BAC 06/19/2164 VAR% 060505GB4 625000.00000000 PA USD 532968.75000000 0.281740300572 Long DBT CORP US N 2 2164-06-19 Floating 4.37500000 N N N N N N Default N/A GEORGIA POWER CO 05/15/2032 4.7% 373334KQ3 1000000.00000000 PA USD 966598.00000000 0.510967314787 Long DBT CORP US N 2 2032-05-15 Fixed 4.70000000 N N N N N N Default N/A OWENS CORNING 06/01/2030 3.875% 690742AK7 1000000.00000000 PA USD 913599.00000000 0.482950748731 Long DBT CORP US N 2 2030-06-01 Fixed 3.87500000 N N N N N N Default N/A NEWTEK 02/25/2044 VAR% 65252MAA7 1500000.00000000 PA USD 438056.37000000 0.231567297991 Long ABS-MBS CORP US Y 2 2044-02-25 Floating 7.70000000 N N N N N N Default N/A STACR 2022-DNA4 2.55071% MTGE 35564KWS4 2137500.00000000 PA USD 1663798.90000000 0.879524741700 Long DBT USGSE US Y 2 2042-05-25 Floating 7.26655000 N N N N N N Default N/A GLS AUTO RECEIVABLES 02/18/2025 3.54% 36257NAC7 450000.00000000 PA USD 77900.42000000 0.041180064957 Long ABS-MBS CORP US Y 2 2025-02-18 Fixed 3.54000000 N N N N N N Default N/A AVIS BUDGET 03/20/2026 2.65% MTGE 05377RDR2 1800000.00000000 PA USD 1693366.20000000 0.895154738748 Long ABS-MBS CORP US Y 2 2026-03-20 Fixed 2.65000000 N N N N N N Default N/A GM 2.35 1/8/2031 37045XDE3 250000.00000000 PA USD 195836.00000000 0.103523693467 Long DBT CORP US N 2 2031-01-08 Fixed 2.35000000 N N N N N N Default N/A FORTUNE BRANDS HOME 03/25/2032 4.00% 34964CAF3 500000.00000000 PA USD 443710.50000000 0.234556209228 Long DBT CORP US N 2 2032-03-25 Fixed 4.00000000 N N N N N N Default N/A MASCO CORP 08/15/2032 6.5% 574599AY2 1000000.00000000 PA USD 1030885.00000000 0.544950993385 Long DBT CORP US N 2 2032-08-15 Fixed 6.50000000 N N N N N N Default N/A USASF RECEIVEABLES LLC 03/15/2027 9.35% 90353QAD8 1360000.00000000 PA USD 1367833.60000000 0.723070254301 Long ABS-MBS CORP US Y 2 2027-03-15 Fixed 9.35000000 N N N N N N Default N/A CARVANA AUTO 04/10/2028 5.08% 14686JAE0 2000000.00000000 PA USD 1924878.00000000 1.017537531582 Long ABS-MBS CORP US N 2 2028-04-10 Fixed 5.08000000 N N N N N N Default N/A BANCO SANTANDER 03/24/2028 VAR% 05964HAQ8 200000.00000000 PA USD 187220.80000000 0.098969488296 Long DBT CORP US N 2 2028-03-24 Floating 4.17500000 N N N N N N Default N/A CARMX 2021-2 D 14314QAG9 250000.00000000 PA USD 227338.50000000 0.120176684508 Long ABS-MBS CORP US N 2 2027-10-15 Fixed 1.55000000 N N N N N N Default N/A LAD AUTO 06/15/2027 5.93% 505713AB3 500000.00000000 PA USD 497554.50000000 0.263019462925 Long ABS-MBS CORP US Y 2 2027-06-15 Fixed 5.93000000 N N N N N N Default N/A US TREASURY 02/15/2042 2.375% 912810TF5 15000000.00000000 PA USD 11678325.00000000 6.173447872290 Long DBT UST US N 2 2042-02-15 Fixed 2.37500000 N N N N N N Default N/A CANPACK SA/US 11/15/2029 3.875% 13806CAA0 500000.00000000 PA USD 406702.00000000 0.214992612087 Long DBT CORP US Y 2 2029-11-15 Fixed 3.87500000 N N N N N N Default N/A MS 09/01/30 144A 55354GAK6 100000.00000000 PA USD 86238.90000000 0.045587989177 Long DBT CORP US Y 2 2030-09-01 Fixed 3.62500000 N N N N N N Default N/A SEASHINE HOLDING 05/20/2025 6.00% 812430AA4 1200000.00000000 PA USD 1150980.00000000 0.608436144057 Long ABS-MBS CORP US Y 2 2025-05-20 Fixed 6.00000000 N N N N N N Default N/A ACAR 11/15/2027 1.34% 025286AD7 1000000.00000000 PA USD 935398.00000000 0.494474232635 Long ABS-MBS CORP US Y 2 2027-11-15 Fixed 1.34000000 N N N N N N Default N/A BOEING CO 02/15/2040 5.875% 097023BA2 1000000.00000000 PA USD 1003771.00000000 0.530617870646 Long DBT CORP US N 2 2040-02-15 Fixed 5.87500000 N N N N N N Default N/A EXETER AUTOMOBILE 01/15/2026 .69% 30166AAD6 2300000.00000000 PA USD 674239.64000000 0.356419543981 Long ABS-MBS CORP US N 2 2026-01-15 Fixed 0.69000000 N N N N N N CARMAX INC N/A CARMAX AUTO OWNER TRUST 4/16/2029 8.08% 14318UAH4 1000000.00000000 PA USD 1033710.00000000 0.546444357394 Long ABS-MBS CORP US N 2 2029-04-16 Fixed 8.08000000 N N N N N N Default N/A FIFTH THIRD BANK 10/27/2025 VAR% 31677QBT5 600000.00000000 PA USD 584458.80000000 0.308959198797 Long DBT CORP US N 2 2025-10-27 Floating 5.85200000 N N N N N N Default N/A TIMKEN CO 12/15/2028 4.5% 887389AK0 500000.00000000 PA USD 475160.00000000 0.251181183174 Long DBT CORP US N 2 2028-12-15 Fixed 4.50000000 N N N N N N Default N/A CREDIT ACCEPTANCE AUTO 05/15/2030 1.00% 22535GAA0 2600000.00000000 PA USD 2306365.53000000 1.219201158890 Long ABS-MBS CORP US Y 2 2030-05-15 Fixed 1.00000000 N N N N N N Default N/A DT AUTO OWNER TRUST 11/17/2025 2.55% 23344EAG1 900000.00000000 PA USD 803108.88000000 0.424542972254 Long ABS-MBS CORP US Y 2 2025-11-17 Fixed 2.55000000 N N N N N N Default N/A WILLIAMS COMPANIES 01/15/2025 3.9% 96950FAQ7 900000.00000000 PA USD 873485.10000000 0.461745561291 Long DBT CORP US N 2 2025-01-15 Fixed 3.90000000 N N N N N N Default N/A TRICON AMERICAN HOMES 01/17/2036 3.473% 89613FAC2 306000.00000000 PA USD 300439.06000000 0.158819426219 Long ABS-MBS CORP US Y 2 2036-01-17 Fixed 3.47300000 N N N N N N Default N/A UFS 6.75 10/01/28 70478JAA2 100000.00000000 PA USD 84901.00000000 0.044880742555 Long DBT CORP US Y 2 2028-10-01 Fixed 6.75000000 N N N N N N Default N/A WESTLAKE AUTO 03/15/2027 3.49% 96042WAG2 324800.00000000 PA USD 307748.00000000 0.162683110446 Long ABS-MBS CORP US Y 2 2027-03-15 Fixed 3.49000000 N N N N N N Default N/A ALLIANT ENERGY FINANCE 03/01/2032 3.6% 01882YAD8 1000000.00000000 PA USD 869032.00000000 0.459391543851 Long DBT CORP US Y 2 2032-03-01 Fixed 3.60000000 N N N N N N Default N/A COMM 2018-HCLV D 20048KAG2 55000.00000000 PA USD 42047.34000000 0.022227251053 Long ABS-MBS CORP US Y 2 2033-09-15 Floating 7.46956000 N N N N N N Default N/A HUGHES SATELLITE SYSTEMS 8/01/2026 5.25% 444454AD4 500000.00000000 PA USD 466653.50000000 0.246684439478 Long DBT CORP US N 2 2026-08-01 Fixed 5.25000000 N N N N N N Default N/A CAS 2022-R05 2M2 04/25/2042 3.2887% MTGE 20754DAB3 1000000.00000000 PA USD 996255.00000000 0.526644729446 Long DBT USGSE US N 2 2042-04-25 Floating 8.06655000 N N N N N N Default N/A FANNIE MAE 09/25/2042 VAR% 20753DAA6 550000.00000000 PA USD 478240.34000000 0.252809526144 Long DBT USGSE US N 2 2042-09-25 Floating 7.56655000 N N N N N N Default N/A FIRST INVESTORS AUTO 06/15/2029 5.41% 32057KAE0 500000.00000000 PA USD 451009.50000000 0.238414638927 Long ABS-MBS CORP US Y 2 2029-06-15 Fixed 5.41000000 N N N N N N Default N/A SLM 4.2 10/29/2025 78442PGD2 90000.00000000 PA USD 83614.32000000 0.044200572076 Long DBT CORP US N 2 2025-10-29 Fixed 4.20000000 N N N N N N Default N/A ALLY FINANCIAL 11/01/2031 8.00% 36186CBY8 1000000.00000000 PA USD 1038121.00000000 0.548776119745 Long DBT CORP US N 2 2031-11-01 Fixed 8.00000000 N N N N N N Default N/A SCFET 2022 1A D MTGE 3.79% 784033AJ1 500000.00000000 PA USD 442321.00000000 0.233821685585 Long ABS-MBS CORP US Y 2 2031-11-20 Fixed 3.79000000 N N N N N N Default N/A TRUIST FINANCIAL CORP 03/01/2030 89832QAF6 500000.00000000 PA USD 432500.00000000 0.228630065079 Long DBT CORP US N 2 2030-03-01 Floating 5.10000000 N N N N N N Default N/A CARVANA 04/12/2027 6.36% 14688FAB2 1200000.00000000 PA USD 1086495.57000000 0.574348099138 Long ABS-MBS CORP US Y 2 2027-04-12 Fixed 6.36000000 N N N N N N Default N/A VEROS AUTO RECEIVABLES 07/16/2029 7.23% 92512VAD1 1350000.00000000 PA USD 1254895.20000000 0.663368257210 Long ABS-MBS CORP US Y 2 2029-07-16 Fixed 7.23000000 N N N N N N Default N/A GNMA 03/16/2043 VAR% 38376G4V9 850000.00000000 PA USD 2284.62000000 0.001207705940 Long ABS-MBS CORP US N 2 2043-03-16 Floating 5.55814000 N N N N N N Default N/A RYDER SYSTEM INC 09/01/2025 3.35% 78355HKR9 1000000.00000000 PA USD 949194.00000000 0.501767135243 Long DBT CORP US N 2 2025-09-01 Fixed 3.35000000 N N N N N N Default N/A FDS 2.9 03/01/27 CORP 303075AA3 250000.00000000 PA USD 229349.75000000 0.121239880389 Long DBT CORP US N 2 2027-03-01 Fixed 2.90000000 N N N N N N Default N/A EXELON CORP 03/15/2032 3.35% 30161NBE0 1000000.00000000 PA USD 868896.00000000 0.459319650929 Long DBT CORP US N 2 2032-03-15 Fixed 3.35000000 N N N N N N Default N/A AUTONATION INC 03/01/2032 3.85% 05329RAA1 1000000.00000000 PA USD 848383.00000000 0.448475978039 Long DBT CORP US N 2 2032-03-01 Fixed 3.85000000 N N N N N N Default N/A FEDEX CORP 10/17/2048 4.95% 31428XBS4 1000000.00000000 PA USD 917918.00000000 0.485233877635 Long DBT CORP US N 2 2048-10-17 Fixed 4.95000000 N N N N N N Default N/A GS MORTGAGE SECURITIES 9/10/2047 4.162% 36253GAJ1 500000.00000000 PA USD 476256.00000000 0.251760555547 Long ABS-MBS CORP US N 2 2047-09-10 Fixed 4.16200000 N N N N N N Default N/A QUANTA SERVICES 10/01/2030 2.9% 74762EAF9 1000000.00000000 PA USD 849534.00000000 0.449084424755 Long DBT CORP US N 2 2030-10-01 Fixed 2.90000000 N N N N N N Default N/A WESTROCK MWV 02/15/2031 7.95% 961548AY0 750000.00000000 PA USD 849441.75000000 0.449035659152 Long DBT CORP US N 2 2031-02-15 Fixed 7.95000000 N N N N N N Default N/A AQUA FINANCE TRUST 07/17/2046 1.9% 038413AA8 1800000.00000000 PA USD 430284.57000000 0.227458934662 Long ABS-MBS CORP US Y 2 2046-07-17 Fixed 1.90000000 N N N N N N Default N/A STACR 2022-DNA1 M2 VAR% 35564KQC6 100000.00000000 PA USD 96756.50000000 0.051147849460 Long DBT USGSE US Y 2 2042-01-25 Floating 7.56655000 N N N N N N Default N/A JPMBB COMMERCIAL 05/15/2048 3.3423% 46644RAY1 1524802.95000000 PA USD 190139.53000000 0.100512400272 Long ABS-MBS CORP US N 2 2048-05-15 Fixed 3.34230000 N N N N N N Default N/A OASIS 02/15/2035 7% 53161DAA3 200000.00000000 PA USD 171676.39000000 0.090752333452 Long ABS-MBS CORP US N 2 2035-02-15 Fixed 7.00000000 N N N N N N Default N/A Teva 4.75 5/9/2027 88167AAP6 100000.00000000 PA USD 92507.20000000 0.048901565679 Long DBT CORP US N 2 2027-05-09 Fixed 4.75000000 N N N N N N Default N/A MARINER FINANCE 07/20/2032 2.96% 56847MAA8 1700000.00000000 PA USD 277493.49000000 0.146689837405 Long ABS-MBS CORP US Y 2 2032-07-20 Fixed 2.96000000 N N N N N N Default N/A SPECTRA ENERGY PARTNERS 03/15/2024 4.75% 84756NAD1 400000.00000000 PA USD 396550.80000000 0.209626439794 Long DBT CORP US N 2 2024-03-15 Fixed 4.75000000 N N N N N N Default N/A CA INC 03/15/2027 4.7% 12673PAJ4 600000.00000000 PA USD 564416.40000000 0.298364296563 Long DBT CORP US N 2 2027-03-15 Fixed 4.70000000 N N N N N N Default N/A FEDERAL HOME LOAN BANK 3130ARR78 5000000.00000000 PA USD 4771025.00000000 2.522080361258 Long DBT CORP US N 2 2029-04-20 Fixed 4.00000000 N N N N N N Default N/A MDC HOLDINGS 01/15/2030 3.85% 552676AT5 1000000.00000000 PA USD 877455.00000000 0.463844147408 Long DBT CORP US N 2 2030-01-15 Fixed 3.85000000 N N N N N N Default N/A Drive Auto Trust 10/15/2027 0.87% Mtge 262104AE2 1500000.00000000 PA USD 1464561.00000000 0.774202720791 Long ABS-MBS CORP US N 2 2027-10-15 Fixed 0.87000000 N N N N N N Default N/A SMITHFIELD FOODS 10/15/2030 3.00% 832248BC1 1000000.00000000 PA USD 784056.00000000 0.414471154464 Long DBT CORP US Y 2 2030-10-15 Fixed 3.00000000 N N N N N N Default N/A LAS VEGAS SANDS 08/08/2029 3.9% 517834AF4 500000.00000000 PA USD 446130.50000000 0.235835480344 Long DBT CORP US N 2 2029-08-08 Fixed 3.90000000 N N N N N N Default N/A GOVERNMENT NATIONAL 12/16/2040 4% 38382TBN3 3994510.00000000 PA USD 455378.27000000 0.240724077469 Long ABS-MBS CORP US Y 2 2040-12-16 Fixed 4.00000000 N N N N N N Default N/A WEYERHAEUSER CO 03/09/2033 3.375% 962166CA0 500000.00000000 PA USD 430085.50000000 0.227353701397 Long DBT CORP US N 2 2032-03-09 Fixed 3.37500000 N N N N N N Default N/A LAD AUTO 08/17/2026 1.30% 501683AA4 3000000.00000000 PA USD 742216.79000000 0.392353926012 Long ABS-MBS CORP US Y 2 2026-08-17 Fixed 1.30000000 N N N N N N Default N/A HASBRO INC 07/15/2028 6.6% 418056AH0 700000.00000000 PA USD 720267.80000000 0.380751153730 Long DBT CORP US N 2 2028-07-15 Fixed 6.60000000 N N N N N N Default N/A GCAR 2020-3A E Mtge 36260CAE2 725000.00000000 PA USD 697083.15000000 0.368495181387 Long ABS-MBS CORP US Y 2 2027-07-15 Fixed 4.31000000 N N N N N N Default N/A US TREASURY 11/125/2023 4.125% 91282CFV8 4000000.00000000 PA USD 4087500.00000000 2.160752349158 Long DBT UST US N 2 2032-11-15 Fixed 4.12500000 N N N N N N Default N/A EXETER AUTO 10/15/2029 6.34% MTGE 30166QAG4 787500.00000000 PA USD 707059.24000000 0.373768786256 Long ABS-MBS CORP US Y 2 2029-10-15 Fixed 6.34000000 N N N N N N Default N/A FORD MOTOR 10/01/2028 6.625% 345370BY5 450000.00000000 PA USD 462957.76000000 0.244730781035 Long DBT CORP US N 2 2028-10-01 Fixed 6.62500000 N N N N N N Default N/A CIEN 4 01/31/30 144A 171779AL5 100000.00000000 PA USD 87125.00000000 0.046056403283 Long DBT CORP US Y 2 2030-01-31 Fixed 4.00000000 N N N N N N Default N/A CROWN CASTLE INC CORP 03/15/2027 2.9% 22822VAZ4 250000.00000000 PA USD 228764.25000000 0.120930370786 Long DBT CORP US N 2 2027-03-15 Fixed 2.90000000 N N N N N N Default N/A EXETER AUTO 07/17/2028 4.56% MTGE 30166QAF6 450000.00000000 PA USD 428344.20000000 0.226433207681 Long ABS-MBS CORP US N 2 2028-07-17 Fixed 4.56000000 N N N N N N Default N/A TREASURY 05/15/2043 3.875% 912810TS7 5000000.00000000 PA USD 4878905.00000000 2.579108364543 Long DBT UST US N 2 2043-05-15 Fixed 3.87500000 N N N N N N Default N/A FIDELITY NATL FINANCIAL 08/15/2028 4.5% 31620RAH8 1000000.00000000 PA USD 950156.00000000 0.502275671943 Long DBT CORP US N 2 2028-08-15 Fixed 4.50000000 N N N N N N Default N/A CPS AUTO TRUST 11/15/2030 10.72% 12664WAE1 300000.00000000 PA USD 306142.50000000 0.161834403927 Long ABS-MBS CORP US Y 2 2030-11-15 Fixed 10.72000000 N N N N N N Default N/A CPS AUTO TRUST 08/15/2028 5.19% MTGE 12663BAD0 1800000.00000000 PA USD 1730979.00000000 0.915037783631 Long ABS-MBS CORP US Y 2 2028-08-15 Fixed 5.19000000 N N N N N N Default N/A US Treasury Note 1.875% 2/15/2032 91282CDY4 4500000.00000000 PA USD 3854533.50000000 2.037600566369 Long DBT UST US N 2 2032-02-15 Floating 1.87500000 N N N N N N Default N/A HARVEST SBA LOAN TRUST 06/26/2047 VAR% 41755NAA8 1350000.00000000 PA USD 557641.99000000 0.294783177952 Long ABS-MBS CORP US Y 2 2047-06-25 Floating 7.55000000 N N N N N N Default N/A STACR 2022-DNA1 B1 VAR% 35564KQY8 100000.00000000 PA USD 96002.40000000 0.050749213779 Long DBT USGSE US Y 2 2042-01-25 Floating 8.46655000 N N N N N N Default N/A US TREASURY 02/15/2043 3.875% 912810TQ1 5000000.00000000 PA USD 4875000.00000000 2.577044086152 Long DBT UST US N 2 2043-02-15 Fixed 3.87500000 N N N N N N Default N/A FOURSIGHT CAPITAL 05/15/2028 3.07% 35105JAF5 400000.00000000 PA USD 363722.40000000 0.192272545624 Long ABS-MBS CORP US Y 2 2028-05-15 Fixed 3.07000000 N N N N N N Default N/A SCFET 2021-1A A3 Mtge 783897AC5 595000.00000000 PA USD 351545.70000000 0.185835644553 Long ABS-MBS CORP US Y 2 2028-08-21 Fixed 0.83000000 N N N N N N Default N/A TAPESTRY INC 04/01/2025 4.25% 189754AA2 750000.00000000 PA USD 729985.50000000 0.385888167333 Long DBT CORP US N 2 2025-04-01 Fixed 4.25000000 N N N N N N Default N/A LOWE'S COS 04/01/2052 4.25% 548661EJ2 500000.00000000 PA USD 407940.00000000 0.215647049129 Long DBT CORP US N 2 2052-04-01 Fixed 4.25000000 N N N N N N Default N/A SCART 2021-AA A3 Mtge 80282YAC0 2000000.00000000 PA USD 515031.43000000 0.272258195049 Long ABS-MBS CORP US Y 2 2025-10-15 Fixed 0.33000000 N N N N N N Default N/A TARGA RESOURCES PARTNERS 03/01/2030 5.5% 87612BBQ4 500000.00000000 PA USD 481185.00000000 0.254366145352 Long DBT CORP US N 2 2030-03-01 Fixed 5.50000000 N N N N N N Default N/A FANNIE MAE 11/25/2046 VAR% 3136BNEW2 33214554.00000000 PA USD 57630.77000000 0.030465032822 Long DBT USGSE US N 2 2046-11-25 Floating 0.16501000 N N N N N N Default N/A ICLR 2.875 07/15/2026 45569KAA1 90000.00000000 PA USD 81489.06000000 0.043077107724 Long DBT CORP US Y 2 2026-07-15 Fixed 2.87500000 N N N N N N Default N/A GOLDMAN SACHS 11/10/26 VAR% 38141GYU2 500000.00000000 PA USD 417980.00000000 0.220954438385 Long DBT CORP US N 2 2026-11-10 Floating 4.12500000 N N N N N N Default N/A TOWD POINT 02/25/2063 6.875% 89181PCL0 400000.00000000 PA USD 360286.12000000 0.190456044075 Long ABS-MBS CORP US Y 2 2063-02-25 Fixed 6.87500000 N N N N N N Default N/A EPR 4.95 4/15/2028 26884UAE9 360000.00000000 PA USD 321606.72000000 0.170009168378 Long DBT CORP US N 2 2028-04-15 Fixed 4.95000000 N N N N N N Default N/A FANNIE MAE - CAS 01/25/2031 VAR 30711XY32 534000.00000000 PA USD 573716.78000000 0.303280704620 Long DBT USGSE US N 2 2031-01-25 Floating 9.40043000 N N N N N N Default N/A DT AUTO 05/17/2027 1.31% 23344QAD1 800000.00000000 PA USD 721500.00000000 0.381402524750 Long ABS-MBS CORP US Y 2 2027-05-17 Fixed 1.31000000 N N N N N N Default N/A DT AUTO OWNER TRUST 06/15/2026 1.47% 26253AAC0 1540250.00000000 PA USD 1033490.16000000 0.546328144599 Long ABS-MBS CORP US Y 2 2026-06-15 Fixed 1.47000000 N N N N N N Default N/A AVID AUTOMOBILE 12/15/2027 7.35% 05368QAC1 600000.00000000 PA USD 592750.80000000 0.313342552554 Long ABS-MBS CORP US Y 2 2027-12-15 Fixed 7.35000000 N N N N N N Default N/A LOBEL AUTOMOBILE 07/15/2026 6.97% 53946XAA1 800000.00000000 PA USD 715868.08000000 0.378425354262 Long ABS-MBS CORP US Y 2 2026-07-15 Fixed 6.97000000 N N N N N N Default N/A Arivo Accept Auto 05/15/2028 3.93% Mtge 04047EAA4 1000000.00000000 PA USD 509693.33000000 0.269436344990 Long ABS-MBS CORP US Y 2 2028-05-15 Fixed 3.93000000 N N N N N N Default N/A UNITED AUTO CREDIT 11/10/2028 5% 90944DAJ0 650000.00000000 PA USD 581703.85000000 0.307502864930 Long ABS-MBS CORP US N 2 2028-11-10 Fixed 5.00000000 N N N N N N Default N/A ASB BANK LIMITED 10/22/2031 2.375% 00216LAE3 2000000.00000000 PA USD 1605320.00000000 0.848611366642 Long DBT CORP US Y 2 2031-10-22 Fixed 2.37500000 N N N N N N Default N/A OSHKOSH CORP 03/01/2030 688225AH4 1000000.00000000 PA USD 871258.00000000 0.460568261828 Long DBT CORP US N 2 2030-03-01 Fixed 3.10000000 N N N N N N Default N/A ORCC 2.875 6/11/2028 69121KAG9 250000.00000000 PA USD 203703.00000000 0.107682381842 Long DBT CORP US N 2 2028-06-11 Fixed 2.87500000 N N N N N N Default N/A VERUS 2019 11/25/59 3.129% 92537MAC4 1935000.00000000 PA USD 310498.25000000 0.164136959779 Long ABS-MBS CORP US Y 2 2059-11-25 Fixed 3.19200000 N N N N N N Default N/A SOCIETE GENERALE 03/28/2024 3.875% 83368RAT9 500000.00000000 PA USD 489262.50000000 0.258636109169 Long DBT CORP US Y 2 2024-03-28 Fixed 3.87500000 N N N N N N Default N/A EXETER AUTO 03/17/2025 3.71% MTGE 30167LAG4 900000.00000000 PA USD 250917.29000000 0.132641008883 Long ABS-MBS CORP US Y 2 2025-03-17 Fixed 3.71000000 N N N N N N Default N/A American Credit Acc 12/12/25 2.97% MTGE 02529RAG3 1800000.00000000 PA USD 424579.29000000 0.224442984286 Long ABS-MBS CORP US Y 2 2025-12-12 Fixed 2.97000000 N N N N N N Default N/A SBL HOLDINGS INC 11/13/2026 5.125% 78432MAA3 400000.00000000 PA USD 353200.40000000 0.186710359394 Long DBT CORP US Y 2 2026-11-13 Fixed 5.12500000 N N N N N N Default N/A SOCGEN 4.75 11/24/2025 83367TBR9 250000.00000000 PA USD 238122.00000000 0.125877106027 Long DBT CORP US Y 2 2025-11-24 Fixed 4.75000000 N N N N N N FIRST CITIZENS BANKSHARE N/A FIRST CITIZENS BANCSHARE 06/19/2164 VAR% 31959XAA1 500000.00000000 PA USD 479859.50000000 0.253665453673 Long DBT CORP US N 2 2164-06-19 Floating 9.52400000 N N N N N N Default N/A WESTERN DIGITAL CORP 02/15/2026 4.75% 958102AM7 500000.00000000 PA USD 476259.00000000 0.251762141420 Long DBT CORP US N 2 2026-02-15 Fixed 4.75000000 N N N N N N Default N/A TRIMBLE INC 12/01/24 4.75% 896239AA8 800000.00000000 PA USD 785180.00000000 0.415065328321 Long DBT CORP US N 2 2024-12-01 Fixed 4.75000000 N N N N N N Default N/A TransCanada Pipe 6/15/2029 7.7% 89352LAG5 850000.00000000 PA USD 927635.60000000 0.490370838376 Long DBT CORP CA N 2 2029-06-15 Fixed 7.70000000 N N N N N N Default N/A MU 4.185 2/15/2027 595112BP7 250000.00000000 PA USD 239526.00000000 0.126619294724 Long DBT CORP US N 2 2027-02-15 Fixed 4.18500000 N N N N N N Default N/A CONSTELLATION BRANDS 05/01/2030 2.875% 21036PBF4 1000000.00000000 PA USD 867473.00000000 0.458567418368 Long DBT CORP US N 2 2030-05-01 Fixed 2.87500000 N N N N N N Default N/A CARVANA AUTO N1 D 12/11/2028 4.13% MTGE 14686GAE6 450000.00000000 PA USD 419599.80000000 0.221810704233 Long ABS-MBS CORP US Y 2 2028-12-11 Fixed 4.13000000 N N N N N N Default N/A UNITED AUTO CREDIT SEC 04/10/2029 10% 90944KAF2 400000.00000000 PA USD 380272.40000000 0.201021279907 Long ABS-MBS CORP US Y 2 2029-04-10 Fixed 10.00000000 N N N N N N Default N/A NATWEST GROUP 05/18/2029 VAR% 780097BG5 500000.00000000 PA USD 475623.00000000 0.251425936284 Long DBT CORP US N 2 2029-05-18 Floating 4.89200000 N N N N N N FANNIE MAE N/A FANNIE MAE 02/25/2046 VAR% 3136BMXV5 22736291.00000000 PA USD 47437.53000000 0.025076637158 Long DBT USGSE US N 2 2046-02-25 Floating 0.21501000 N N N N N N Default N/A AMN 4.625 10/1/2027 00175PAB9 90000.00000000 PA USD 83303.28000000 0.044036148734 Long DBT CORP US Y 2 2027-10-01 Fixed 4.62500000 N N N N N N Default N/A EVERSOURCE ENERGY 03/01/2032 3.375% 30040WAP3 1000000.00000000 PA USD 871599.00000000 0.460748522758 Long DBT CORP US N 2 2032-03-01 Fixed 3.37500000 N N N N N N Default N/A BERRY GLOBAL INC 07/15/2027 5.625% 085770AB1 500000.00000000 PA USD 489375.00000000 0.258695579417 Long DBT CORP US Y 2 2027-07-15 Fixed 5.62500000 N N N N N N Default N/A FIRST INVESTORS AUTO 01/15/2027 2.03% 32057KAA8 2000000.00000000 PA USD 764659.06000000 0.404217458153 Long ABS-MBS CORP US Y 2 2027-01-15 Fixed 2.03000000 N N N N N N Default N/A NUCOR CORP 4.3% 05/23/2027 670346AY1 500000.00000000 PA USD 484928.00000000 0.256344786586 Long DBT CORP US N 2 2027-05-23 Fixed 4.30000000 N N N N N N Default N/A FLOWSERVE CORP 01/15/2032 2.8% 34355JAB4 1000000.00000000 PA USD 796831.00000000 0.421224331530 Long DBT CORP US N 2 2032-01-15 Fixed 2.80000000 N N N N N N Default N/A OCCIDENTAL PETRO 09/01/2025 5.875% 674599EB7 1215000.00000000 PA USD 1206688.19000000 0.637884854127 Long DBT CORP US N 2 2025-09-01 Fixed 5.87500000 N N N N N N Default N/A ARIVO ACCEPTANCE AUTO 03/15/2029 9.84% 04047JAC9 500000.00000000 PA USD 513658.00000000 0.271532166401 Long ABS-MBS CORP US Y 2 2029-03-15 Fixed 9.84000000 N N N N N N Default N/A GLW 4.7 3/15/2037 219350AX3 200000.00000000 PA USD 185308.20000000 0.097958441215 Long DBT CORP US N 2 2037-03-15 Fixed 4.70000000 N N N N N N DOMTAR CORP N/A STEEL DYNAMICS INC 12/15/2026 5% 858119BF6 500000.00000000 PA USD 492324.50000000 0.260254757167 Long DBT CORP US N 2 2026-12-15 Fixed 5.00000000 N N N N N N Default N/A GLS AUTO RECEIVABLES 05/15/2025 2.96% 36258AAC4 675000.00000000 PA USD 231931.84000000 0.122604836238 Long ABS-MBS CORP US Y 2 2025-05-15 Fixed 2.96000000 N N N N N N Default N/A BACCR 4.972 5/16/2029 06738EBD6 250000.00000000 PA USD 236256.25000000 0.124890825000 Long DBT CORP US N 2 2029-05-16 Floating 4.97200000 N N N N N N Default N/A CHARLES SCHWAB CORP 06/19/2164 VAR% 808513CB9 500000.00000000 PA USD 418985.00000000 0.221485705935 Long DBT CORP US N 2 2164-06-19 Floating 5.00000000 N N N N N N Default N/A MICHAEL KORS USA INC 11/01/2024 VAR% 59408TAA8 600000.00000000 PA USD 577794.00000000 0.305436022710 Long DBT CORP US Y 2 2024-11-01 Floating 4.50000000 N N N N N N Default N/A UPSTART STRUCTURED 11/15/2030 7.01% 91680YBD2 1000000.00000000 PA USD 606202.51000000 0.320453455057 Long ABS-MBS CORP US Y 2 2030-11-15 Fixed 7.01000000 N N N N N N Default N/A TRICOLOR AUOT 06/15/2028 13.45% 89616KAE4 400000.00000000 PA USD 409176.00000000 0.216300428922 Long ABS-MBS CORP US N 2 2028-06-15 Fixed 13.45000000 N N N N N N Default N/A KORN/FERRY INT. 12/15/2027 4.625% 50067PAA7 500000.00000000 PA USD 469818.50000000 0.248357535792 Long DBT CORP US Y 2 2027-12-15 Fixed 4.62500000 N N N N N N Default N/A ENERGY TRANSFER LP 01/15/2024 5.875% 29278NAM5 900000.00000000 PA USD 900152.10000000 0.475842388911 Long DBT CORP US N 2 2024-01-15 Fixed 5.87500000 N N N N N N Default N/A SHMLT 2020-A1 MTGE 01/28/2050 2.521% 85209FAA4 28912050.00000000 PA USD 465283.30000000 0.245960118287 Long ABS-MBS CORP US Y 2 2050-01-28 Fixed 2.52100000 N N N N N N Default N/A Trinity Rail Less 10/18/2049 2.39% 89657BAB0 400000.00000000 PA USD 180097.43000000 0.095203900905 Long ABS-MBS CORP US Y 2 2049-10-18 Fixed 2.39000000 N N N N N N Default N/A SANTANDER RETAIL 11/20/2025 1.41% 80286DAG3 520000.00000000 PA USD 496841.28000000 0.262642437411 Long ABS-MBS CORP US N 2 2025-11-20 Fixed 1.41000000 N N N N N N Default N/A SCF EQUIPMENT TRUST LLC SER 19 2A 2.47% 784034AB6 1000000.00000000 PA USD 288107.67000000 0.152300752235 Long ABS-MBS CORP US Y 2 2026-04-20 Fixed 2.47000000 N N N N N N Default N/A VALERO ENERGY 12/01/2031 2.8% 91913YBC3 1000000.00000000 PA USD 817962.00000000 0.432394694317 Long DBT CORP US N 2 2031-12-01 Fixed 2.80000000 N N N N N N Default N/A CPS AUTO TRUST 10/15/2029 7.14% MTGE 12663BAE8 900000.00000000 PA USD 823662.90000000 0.435408329318 Long ABS-MBS CORP US Y 2 2029-10-15 Fixed 7.14000000 N N N N N N Default N/A APA 7.75 12/15/2029 03746AAA8 133000.00000000 PA USD 137100.79000000 0.072474826682 Long DBT CORP US N 2 2029-12-15 Fixed 7.75000000 N N N N N N Default N/A NISSAN MOTOR 09/17/2030 4.81% 654744AD3 1000000.00000000 PA USD 877138.00000000 0.463676573464 Long DBT CORP US Y 2 2030-09-17 Fixed 4.81000000 N N N N N N Default N/A AMERICAN CREDIT 02/14/2028 1.82% 02530TAG6 480000.00000000 PA USD 468478.56000000 0.247649210776 Long ABS-MBS CORP US Y 2 2028-02-14 Fixed 1.82000000 N N N N N N Default N/A T 3 1/4 05/15/42 912810TH1 4000000.00000000 PA USD 3569376.00000000 1.886859346062 Long DBT UST US N 2 2042-05-15 Fixed 3.25000000 N N N N N N Default N/A LLOYDS BANKING 03/18/2026 VAR% 53944YAR4 450000.00000000 PA USD 428312.70000000 0.226416556012 Long DBT CORP US N 2 2026-03-18 Floating 3.51100000 N N N N N N Default N/A GOVERNMENT NATIONAL 10/20/2052 5% 38383HMA4 1000000.00000000 PA USD 966732.49000000 0.511038409486 Long ABS-MBS CORP US Y 2 2052-10-20 Fixed 5.00000000 N N N N N N Default N/A LAD AUTO RECEIVABLES 4/15/2030 6.85% 501687AC1 484000.00000000 PA USD 482231.95000000 0.254919588697 Long ABS-MBS CORP US Y 2 2030-04-15 Fixed 6.85000000 N N N N N N Default N/A EXETER AUTOMOBILE 12/15/2026 4.86% 30166YAD4 1072000.00000000 PA USD 1058208.72000000 0.559394979239 Long ABS-MBS CORP US Y 2 2026-12-15 Fixed 4.86000000 N N N N N N Default N/A SOFI CONSUMER 09/25/2030 1.30% 83407CAB4 616000.00000000 PA USD 595957.21000000 0.315037539206 Long ABS-MBS CORP US Y 2 2030-09-25 Fixed 1.30000000 N N N N N N Default N/A ENERGY TRANSFER LP 02/15/28 VAR% 29273VAJ9 400000.00000000 PA USD 306027.60000000 0.161773664980 Long DBT CORP US N 2 2028-02-15 Floating 6.62500000 N N N N N N Default N/A TOLL BROS FINANCE 03/15/2027 4.875% 88947EAS9 1000000.00000000 PA USD 968267.00000000 0.511849588957 Long DBT CORP US N 2 2027-03-15 Fixed 4.87500000 N N N N N N Default N/A ALBEMARLE CORP 06/01/2032 5.05% 012653AE1 500000.00000000 PA USD 484102.00000000 0.255908142809 Long DBT CORP US N 2 2032-06-01 Fixed 5.05000000 N N N N N N Default N/A SYNCHRONY BANK 08/22/2025 5.4% 87166FAD5 400000.00000000 PA USD 382794.80000000 0.202354682164 Long DBT CORP US N 2 2025-08-22 Fixed 5.40000000 N N N N N N Default N/A US TREASURY 05/15/2053 3.625% 912810TR9 4500000.00000000 PA USD 4324923.00000000 2.286259946710 Long DBT UST US N 2 2053-05-15 Fixed 3.62500000 N N N N N N BELLSOUTH TELECOMMUNICATIONS, LLC N/A BELLSOUTH TELECOMMUN 06/01/2028 6.375% 079867AW7 500000.00000000 PA USD 511808.50000000 0.270554475521 Long DBT CORP US N 2 2028-06-01 Fixed 6.37500000 N N N N N N Default N/A BLACKSTONE PRIVATE CRE 12/15/2026 2.625% 09261HAD9 250000.00000000 PA USD 212699.25000000 0.112438019352 Long DBT CORP US N 2 2026-12-15 Fixed 2.62500000 N N N N N N Default N/A TIMKEN CO 05/08/2028 6.875% 88738TAA8 200000.00000000 PA USD 202668.00000000 0.107135255559 Long DBT CORP US N 2 2028-05-08 Fixed 6.87500000 N N N N N N Default N/A PAA 3.8 9/15/2030 72650RBN1 250000.00000000 PA USD 221821.75000000 0.117260395695 Long DBT CORP US N 2 2030-09-15 Fixed 3.80000000 N N N N N N Default N/A VEROS AUTO 11/15/2028 7.12% 924933AA2 688000.00000000 PA USD 645326.20000000 0.341135193302 Long ABS-MBS CORP US Y 2 2028-11-15 Fixed 7.12000000 N N N N N N Default N/A Santander Drive 2022-1 C 04/17/28 2.56% 80286EAE6 500000.00000000 PA USD 477540.50000000 0.252439573625 Long ABS-MBS CORP US N 2 2028-04-17 Fixed 2.56000000 N N N N N N Default N/A AMERICAN EXPRESS CO 06/16/2149 VAR% 025816CH0 500000.00000000 PA USD 415000.00000000 0.219379137590 Long DBT CORP US N 2 2149-06-16 Floating 3.55000000 N N N N N N 2023-07-31 World Funds Trust Ann MacDonald Ann MacDonald Principal XXXX NPORT-EX 2 700.htm CFS_700_20230630_20230828195628197.pdf

CURASSET CAPITAL MANAGEMENT CORE BOND FUND

SCHEDULE OF INVESTMENTS

June 30, 2023 - (unaudited)

 

 

Principal

 

 

Fair Value

96.76%

DEBT SECURITIES

 

 

 

 

 

 

 

 

36.11%

CORPORATE BONDS

 

 

 

 

0.76%

Communication Services:

 

 

 

 

 

BellSouth Telecommunicaions 06/01/2028 6.375%

500,000

$

511,809

 

Hughes Satellite Systems 08/01/2026 5.250%

500,000

 

 

466,653

 

Sprint Corp. 06/15/2024 7.125%

450,000

 

 

454,024

 

 

 

 

 

1,432,486

6.34%

Consumer Discretionary:

 

 

 

 

 

 

 

 

 

Allison Transmission 10/01/2027 4.750%

450,000

 

 

424,053

 

AutoNation Inc. 03/01/2032 3.850%

1,000,000

 

 

848,383

 

AutoNation Inc. 08/01/2031 2.400%

1,000,000

 

 

758,677

 

Brunswick Corp. 08/01/2027 7.125%

1,314,000

 

 

1,361,089

 

Tapestry Inc. 04/01/2025 4.250%

750,000

 

 

729,986

 

Ford Motor Company 10/01/2028 6.625%

450,000

 

 

462,958

 

General Motors Financial 01/12/2032 3.100%

1,000,000

 

 

808,802

 

Hasbro Inc. 07/15/2028 6.600%

700,000

 

 

720,268

 

Las Vegas Ands Corp. 08/08/2029 3.900%

500,000

 

 

446,130

 

Lowe's Cos. Inc. 04/01/2052 4.250%

500,000

 

 

407,940

 

MDC Holdings Inc. 01/15/2030 3.850%

1,000,000

 

 

877,455

 

Michael Kors USA Inc. 11/01/2024 4.250%

600,000

 

 

577,794

 

(US Treasury Note 09/30/2024 2.125% + 1.00%) 144A

 

 

 

 

 

Nissan Motor Co. Ltd. 09/17/2030 4.810% 144A

1,000,000

 

 

877,138

 

PVH Corp 07/10/2025 4.625%

1,000,000

 

 

966,973

 

Smithfield Foods 10/15/2030 3.000%

1,000,000

 

 

784,056

 

Toll Brothers Finance 03/15/2027 4.875%

1,000,000

 

 

968,267

 

 

 

 

 

12,019,969

0.96%

Consumer Staples:

 

 

 

 

 

Constellation Brands 05/01/203 2.875%

1,000,000

 

 

867,473

 

Quanta Services 10/01/2030 2.900%

1,000,000

 

 

849,534

 

Teva 05/09/2027 4.750%

100,000

 

 

92,507

 

 

 

 

 

1,809,514

4.46%

Energy:

 

 

 

 

 

APA Corp. 12/15/2029 7.750%

133,000

 

 

137,101

 

Energy Transfer LP 02/15/2028 6.625%

400,000

 

 

306,028

 

Energy Transfer LP 01/15/2024 5.875%

900,000

 

 

900,152

 

EnLink Midstream Partner 04/01/2024 4.400%

400,000

 

 

393,180

 

Marathon Petroleum Corp. 09/15/2024 3.625%

540,000

 

 

525,808

 

Occidental Petroleum 09/01/2025 5.875%

1,215,000

 

 

1,206,688

 

ONEOK Inc. 09/01/2029 3.400%

1,000,000

 

 

871,920

 

Phillips 66 Partners LP 03/01/2028 3.750%

440,000

 

 

382,578

 

Plains All American Pipeline LP 09/15/2030 3.800%

250,000

 

 

221,822

CURASSET CAPITAL MANAGEMENT CORE BOND FUND

SCHEDULE OF INVESTMENTS

June 30, 2023 - (unaudited)

Spectra Energy Partners 03/15/2024 4.750%

400,000

$

396,551

Targa Resources Partners 03/01/2030 5.500%

500,000

 

481,185

TransCanada Pipe 06/15/2029 7.700%

850,000

 

927,636

Valero Energy Corp. 12/01/2031 2.800%

1,000,000

 

817,962

(US Treasury Note 11/15/2031 1.375% + 1.250%)

 

 

 

Williams Companies 01/15/2025 3.900%

900,000

 

873,485

 

 

 

8,442,096

10.09% Financials:

ASB BANK LIMITED 10/22/2031 2.375% 144A AirCastle Ltd. 05/01/2024 4.125%

Ally Financial 11/01/2031 8.000% American Express Co. 06/16/2149 3.550% Banco Santander SA 03/24/2028 4.175%

(US Treasury Note 02/28/2027 1.875% + 2.000%) Banco Santander 12/03/2030 2.749%

Bank of America 06/19/2064 4.375% (5 year US Treasury Rate + 2.000%)

Barclays PLC 05/16/2029 4.972%

Blackstone Private Credit 12/15/2026 2.625% Crown Castle Inc. Corp. 03/15/2027 2.900% EPR 04/15/2028 4.950%

Factset Research Systems 03/01/2027 2.900% Federal Home Loan Bank, 04/20/2029 4.000% Fidelity National Financial 08/15/2028 4.500% Fifth Third Bank 10/27/2025 5.852%

(US Treasury Note 09/30/2024 4.250% + 1.350%) First Citizens Bancshares 06/19/2164 9.524% Goldman Sachs Group 11/10/2026 4.125%

(5 year US Treasury Rate + 2.949%) Lloyds Bank Group 03/18/2026 3.511%

(US Treasury Note 02/15/2025 1.500% + 1.600%) Macquarie Group 06/21/2028 4.098% 144A

Blue Owl Capital Corp. 06/11/2028 2.875%

(US Treasury Note 5/31/2028 1.250% + 1.800%) NatWest Group 05/18/2029 4.892%

(US Treasury Note 05/15/2028 2.875% + 1.820%) SBL Holdings Inc. 11/13/2026 5.125% 144A

SLM Corp. 10/29/2025 4.200%

Charles Schwab Corp. 06/19/2164 5.000% Societe Generale 11/24/2025 4.750% 144A Societe Generale 03/28/2024 3.875% 144A Synchrony Bank 08/22/2025 5.400% Truist Financial Corp. 03/01/2030 5.100%

(10 year US Treasury Rate + 4.3494%) Weyerhaeuser Co. 03/09/2033 3.375%

(US Treasury Note 2/15/2032 1.875% + 1.450%)

2,000,000

1,605,320

900,000

875,749

1,000,000

1,038,121

500,000

415,000

200,000

187,221

250,000

195,928

625,000

532,969

250,000

236,256

250,000

212,699

250,000

228,764

360,000

321,607

250,000

229,350

5,000,000

4,771,025

1,000,000

950,156

600,000

584,459

500,000

479,860

500,000

417,980

450,000

428,313

2,000,000

1,869,796

250,000

203,703

500,000

475,623

400,000

353,200

90,000

83,614

500,000

418,985

250,000

238,122

500,000

489,262

400,000

382,795

500,000

432,500

500,000

430,086

 

 

 

 

 

19,088,463

0.09% Health Care

 

 

PRA Health Sciences Inc. 07/15/2026 2.875%

90,000

81,489

AMN 10/01/2027 4.625%

90,000

83,303

 

 

164,792

8.92% Industrials:

 

 

Avnet Inc. 06/01/2032 5.500%

1,000,000

949,496

Avolon Holdings Funding 11/18/2027 2.528%

1,000,000

843,098

Berry Global Inc. 07/15/2027 5.625% 144A

500,000

489,375

Boeing Co. 02/15/2040 5.875%

1,000,000

1,003,771

CH Robinson Worlwide 04/15/2028 4.200%

1,000,000

957,687

CURASSET CAPITAL MANAGEMENT CORE BOND FUND

SCHEDULE OF INVESTMENTS

June 30, 2023 - (unaudited)

 

Can-Pack S.A. 11/15/2029 3.875% 144A

500,000

$

406,702

 

FedEx Corp. 10/17/2048 4.950%

1,000,000

 

917,918

 

Fluor Corp. 09/15/2028 4.250%

360,000

 

333,979

 

Flowserve Corp. 01/15/2032 2.800%

1,000,000

 

796,831

 

Fortune Brands Home & Security 03/25/2032 4.000%

500,000

 

443,710

 

Fortune Brands Home & Security 03/25/2052 4.500%

500,000

 

389,298

 

Hubbell Inc. 08/15/2027 3.150%

2,000,000

 

1,846,544

 

Korn Ferry Intl 12/15/2027 4.625%

500,000

 

469,818

 

Masco Corp. 08/15/2032 6.500%

1,000,000

 

1,030,885

 

Oshkosh Corp. 03/01/2030 3.100%

1,000,000

 

871,258

 

Owens Corning 06/01/2030 3.875%

1,000,000

 

913,599

 

Ryder System Inc. 09/01/2025 3.350%

1,000,000

 

949,194

 

Timken Co. 05/08/2028 6.875%

200,000

 

202,668

 

Timken Co. 12/15/2028 4.500%

500,000

 

475,160

 

Trimble Inc. 12/01/2024 4.750%

800,000

 

785,180

 

WestRock Corp. 02/15/2031 7.950%

750,000

 

849,442

 

Worthington Industries Inc. 04/15/2026 4.550%

1,000,000

 

945,294

 

 

 

 

16,870,907

1.24%

Information Technology:

 

 

 

 

CA Inc. 03/15/2027 4.700%

600,000

 

564,416

 

CIEN Corp. 4 01/31/2030 144A

100,000

 

87,125

 

Citigroup Inc. 3/31/2032 4.412%

250,000

 

235,066

 

GLW 03/15/2037 4,700%

200,000

 

185,308

 

MSCI 3 09/01/2030 3.625% 144A

100,000

 

86,239

 

Micron Technology 02/15/2027 4.185%

250,000

 

239,526

 

Qorvo Inc. 12/15/2024 1.750% 144A

500,000

 

464,924

 

Western Digital Corp. 02/15/2026 4.750%

500,000

 

476,259

 

 

 

 

2,338,863

1.11%

Materials:

 

 

 

 

Albermarle Corp. 06/01/2032 5.050%

500,000

 

484,102

 

FMC CORP 10/01/2026 3.200%

600,000

 

556,905

 

Nucor Corp. 05/23/2027 4.300%

500,000

 

484,928

 

Steel Dynamics Inc. 12/15/2026 5.000%

500,000

 

492,325

 

Domtar Corp. 10/01/2028 6.750%

100,000

 

84,901

 

 

 

 

2,103,161

2.14%

Utilities:

 

 

 

 

Alliant Energy Finance 03/01/2032 3.600%

1,000,000

 

869,032

 

Eversource Energy 03/01/2032 3.375%

1,000,000

 

871,599

 

Exelon Corp. 03/15/2032 3.350% 144A

1,000,000

 

868,896

 

Georgia Power Co. 05/15/2032 4.700%

1,000,000

 

966,598

 

Sempra 06/19/2164 4.875%

500,000

 

465,034

 

(US Treasury Note 05/31/2025 0.250% + 4.550%)

 

 

 

 

 

 

 

4,041,159

36.11%

TOTAL CORPORATE BONDS

 

 

68,311,410

30.86%

ASSET BACKED BONDS

 

 

 

 

American Credit Acceptance 11/15/2027 1.340% 144A

1,000,000

 

935,398

 

American Credit Acceptance 02/14/2028 1.820%

480,000

 

468,479

 

American Credit Acceptance 06/13/2028 4.410% 144A

1,687,500

 

1,652,317

 

American Credit Acceptance 06/13/2028 4.850% 144A

900,000

 

859,953

 

American Credit Acceptance 12/12/2025 2.970% 144A

426,711

 

424,579

 

American Credit Acceptance 12/14/2026 1.310% 144A

260,053

 

256,923

 

Aqua Fiance Inc. 07/17/2046 1.900% 144A

466,099

 

430,285

 

Arivo Acceptance, LLC 05/15/2028 3.930% 144A

525,067

 

509,693

CURASSET CAPITAL MANAGEMENT CORE BOND FUND

SCHEDULE OF INVESTMENTS

June 30, 2023 - (unaudited)

Arivo Acceptance Auto 03/15/2029 9.840% Avid Automobile 12/15/2027 7.350%

Avis Budget Rental Car 03/20/2026 2.650% 144A Carmax Auto Owner Trust 04/16/2029 8.080% Carmax Auto Owner Trust 10/15/2027 1.550% Carvana Auto Receivables Trust 04/12/2027 6.360% Carvana Auto Receivables Trust 04/10/2028 5.080% Carvana Auto Receivables Trust 12/11/2028 2.310% 144A Carvana Auto Receivables Trust 12/11/2028 4.130% Carvana Auto Receivables Trust 03/10/2028 1.070% Carvana Auto Receivables Trust 03/10/2028 2.900% CPS AUTO TRUST 08/15/2028 5.190% MTGE

CPS AUTO TRUST 10/15/2029 7.140% MTGE CPS AUTO TRUST 11/15/2030 10.72%

Credit Acceptance Auto Loan Trust 05/15/2030 1.000% Community Mortgage Trust 09/15/2033 7.383% Drive Auto Receivable Trust 10/15/2027 0.870% Drive Auto Receivable Trust 02/16/2027 1.500% Drive Auto Receivable Trust 05/17/2027 1.310% Drive Auto Receivable 06/15/2026 1.470%

Drive Auto Receivable 11/17/2025 2.550%

Exeter Auto Receivables 03/17/2025 3.710%

Exeter Auto Receivables 07/17/2028 4.560%

Exeter Auto Receivables 10/15/2029 6.340%

Exeter Auto Receivables 01/15/2026 0.690%

Exeter Auto Receivables 12/15/2026 4.860%

Federal Home Loan Mortgage Corp 01/25/2031 VAR Federal Home Loan Mortgage Corp 04/25/2042 0.620% Federal Home Loan Mortgage Corp 12/25/2041 0.930% Federal Home Loan Mortgage Corp 02/25/2046 0.2551% Federal Home Loan Mortgage Corp 02/25/2047 0.2051% Federal Home Loan Mortgage Corp 08/25/2042 3.500% Federal Home Loan Mortgage Corp 09/25/2042 7.569% Federal Home Loan Mortgage Corp 11/25/2046 0.2051% First Investors Auto 01/15/2027 2.030%

First Investors Auto 06/15/2029 5.410% Foursight Capital 05/15/2028 3.070%

Federal National Mortgage Assoc. 06/25/2042 9.031% (30 day SOFR + 6.750%) 144A

Freddie Mac-STACR 01/25/2042 7.569%

Freddie Mac-STACR 01/25/2042 8.469%

Freddie Mac-STACR 05/25/2042 7.269%

Freddie Mac-STACR 01/18/2031 2.350% General Motors Financial Co. 01/08/2031 2.350% GLS Auto Receibables 07/15/2027 4.310%

GLS Auto Receivables 02/18/2025 3.540%

GLS Auto Receivables 05/15/2025 2.960%

Government National Mortgage Assoc. 03/16/2043 5.827% (Libor +0.400%)

Government National Mortgage Assoc. 10/20/2052 5.000% Government National Mortgage Assoc. 12/16/2040 4.000% GS Mortgage Securtities Trust 09/10/2047 4.162% Harvest SBA Loan Trust 06/26/2047 7.550%

(Libor + 0.700%) 144A

JP Morgan Commercial Mortgage 01/25/2028 1.886% JP Morgan Commercial Mortgage 05/15/2048 3.342% LAD AUTO Receivables Trust 08/17/2026 1.300%

500,000

$

513,658

600,000

 

592,751

1,800,000

 

1,693,366

1,000,000

 

1,033,710

250,000

 

227,339

1,090,188

 

1,086,496

2,000,000

 

1,924,878

122,280

 

119,131

450,000

 

419,600

225,654

 

206,837

100,000

 

88,770

1,800,000

 

1,730,979

900,000

 

823,663

300,000

 

306,143

2,367,937

 

2,306,366

55,000

 

42,047

1,500,000

 

1,464,561

888,000

 

826,948

800,000

 

721,500

1,056,618

 

1,033,490

821,540

 

803,109

252,413

 

250,917

450,000

 

428,344

787,500

 

707,059

678,669

 

674,240

1,072,000

 

1,058,209

534,000

 

573,717

1,000,000

 

996,255

250,000

 

243,595

18,705,650

 

47,438

18,637,065

 

40,852

456,546

 

60,366

476,008

 

478,240

28,003,289

 

57,631

785,354

 

764,659

500,000

 

451,010

400,000

 

363,722

1,000,000

 

1,099,864

100,000

 

96,756

100,000

 

96,002

1,653,251

 

1,663,799

1,667,045

 

63,326

250,000

 

195,836

725,000

 

697,083

78,144

 

77,900

233,562

 

231,932

2,289

 

2,285

993,502

 

966,732

2,764,610

 

455,378

500,000

 

476,256

582,394

 

557,642

37,638

 

37,419

199,548

 

190,140

761,459

 

742,217

CURASSET CAPITAL MANAGEMENT CORE BOND FUND

SCHEDULE OF INVESTMENTS

June 30, 2023 - (unaudited)

LAD Auto Receivables Trust 04/15/2030 6.850% 144A LAD Auto Receivables Trust 06/15/2027 5.930% Oasis Securitisation 02/15/2035 7.000%

Lobel Automobile 07/15/2026 6.970%

Mariner Finance 07/20/2032 2.960%

Newtek Small Business Loan Trust 02/25/2044 6.840% Provident Funding Mortgage 04/25/2051 2.500% 144A SCF Equipment Leasing 04/20/2026 2.470% 144A SCF Equipment Trust LLC 08/21/2028 0.830%

SCF Equipment Leasing 11/20/2031 3.790% 144A Santander Consumer Auto Receivable 10/15/2025 0.330% Santander Retail 11/20/2025 1.410%

Santander Drive 2022-1 C 04/17/2028 2.560% Santander Drive Auto 01/15/2026 1.010% Santander Drive Auto 03/16/2026 5.870% Seashine Holding 05/20/2025 6.000%

Sequoia Mortgage Trust 04/25/2050 3.000% 144A SOFI Consumer 09/25/2030 1.300%

Spruce Hill Mortgage Loan Trust 01/28/2050 2.521% TOWD Point 02/25/2063 6.875%

Tricolor Auto Group 08/15/2025 4.710%

Tricolor Auto Group 06/15/2028 13.450% Tricon American Homes 01/17/2036 3.473% Trinity Rail Leasing 10/18/2049 2.390% USASF Receivables LLC 03/15/2027 9.350% USASF Receivables LLC 03/17/2025 1.490% United Auto Credit 11/10/2028 5.000% United Auto Credit 04/10/2029 10.000% Upstart Structered 11/15/2030 7.010%

Veros Credit Auto Receivables Trust 11/15/2028 7.120% Veros Credit Auto Receivables Trust 07/16/2029 7.230% Verus Securization Trust 11/25/2059 3.192% Westlake Automobile 01/15/2026 2.760%

Westlake Auto 03/15/2027 3.490%

WinWater Mortgage Loan Trust 01/20/2046 3.771%

30.86% TOTAL ASSET BACKED BONDS

29.79% TREASURY NOTES

484,000

$

482,232

500,000

 

497,554

172,533

 

171,676

720,080

 

715,868

279,508

 

277,493

443,806

 

438,056

845,193

 

678,433

289,337

 

288,108

360,371

 

351,546

500,000

 

442,321

520,402

 

515,031

520,000

 

496,841

500,000

 

477,540

339,130

 

337,784

2,000,000

 

1,997,892

1,200,000

 

1,150,980

197,586

 

186,832

616,000

 

595,957

470,629

 

465,283

362,341

 

360,286

485,000

 

476,280

400,000

 

409,176

306,000

 

300,439

192,710

 

180,097

1,360,000

 

1,367,834

340,466

 

336,128

650,000

 

581,704

400,000

 

380,272

607,388

 

606,203

646,594

 

645,326

1,350,000

 

1,254,895

322,670

 

310,498

1,840,000

 

1,810,354

324,800

 

307,748

149,299

 

136,939

 

 

 

 

 

58,381,396

US Treasury 11/30/2028 1.500%

12,750,000

11,152,272

US Treasury 11/15/2031 1.375%

3,800,000

3,133,366

US Treasury 05/15/2042 3.250% 2

4,000,000

3,569,376

US Treasury 05/15/2043 3.875%

5,000,000

4,878,905

US Treasury 02/15/2042 2.375%

15,000,000

11,678,325

US Treasury 02/15/2043 3.875%

5,000,000

4,875,000

US Treasury 05/15/2053 3.625%

4,500,000

4,324,923

US Treasury 11/15/2032 4.125%

4,000,000

4,087,500

US Treasury N/B 02/15/2053 3.625%

5,000,000

4,798,440

US Treasury Note 02/15/2032 1.875%

4,500,000

3,854,533

29.79% TOTAL TREASURY NOTES

 

56,352,640

96.76% TOTAL DEBT SECURITIES

 

183,045,446

CURASSET CAPITAL MANAGEMENT CORE BOND FUND

SCHEDULE OF INVESTMENTS

June 30, 2023 - (unaudited)

0.21%

PREFERRED STOCKS

 

 

 

 

 

Farm Credit Bank of Texas

4,000

$

405,000

 

(Perpetual call 09/15/2023 6.750%)

 

 

 

 

0.21%

TOTAL PREFERRED STOCKS

 

 

 

405,000

4.25%

MONEY MARKET FUND

Shares

 

 

Value

 

Federated Government Obligation Institutional Shares, 4.92% (A)

8,030,421

 

 

8,030,421

101.22%

TOTAL INVESTMENTS

 

191,480,867

(1.22%)

Liabilities in excess of other assets

 

(2,310,646)

100.00%

NET ASSETS

$

189,170,221

 

 

 

 

(A)Effective 7 day yield as of June 30, 2023 TBA - To be announced

In accordance with U.S. GAAP, "fair value" is defined as the price that a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. Various inputs are used in determining the value of a Fund’s investments. U.S. GAAP established a three-tier hierarchy of inputs to establish a classification of fair value measurements for disclosure purposes. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Fund’s investments as of June 30, 2023:

 

 

Level 1

 

Level 2

 

Level 3

 

 

 

 

 

Other

 

Significant

 

 

 

 

 

Significant

Unobservable

 

 

 

Quoted Prices

 

Observable Inputs

 

Inputs

Total

CORPORATE BONDS

 

-

 

68,311,410

 

-

68,311,410

ASSET BACKED BONDS

 

-

 

58,381,396

 

-

58,381,396

U.S. TREASURY NOTES

 

56,352,640

 

-

 

-

56,352,640

PREFERRED STOCKS

 

405,000

 

-

 

-

405,000

MONEY MARKET FUNDS

 

8,030,421

 

-

 

-

8,030,421

TOTAL INVESTMENTS

$

64,788,061

$

126,692,806

$

-

$ 191,480,867

 

 

 

 

 

 

 

 

The Fund held no Level 3 securities at any time during the period.

There were no transfers into or out of Levels 1 and 2 during the period ended June 30, 2023.

At June 30, 2023 the cost of investments for Federal income tax purposes has been estimated since the final

tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purpose is $204,822,947 and the related tax-based net unrealized appreciation (depreciation) consists of:

Gross unrealized appreciation

$

273,449

Gross unrealized depreciation

 

(7,705,193)

Net unrealized appreciation

$

(13,342,080)