NPORT-EX 2 ultimus_1283.htm SMI NPORT-EX FILE JULY 2022
Sound
Mind
Investing
Fund
Schedule
of
Investments
July
31,
2022
-
(Unaudited)
EXCHANGE-TRADED
FUNDS
—
28.19%
Shares
Fair
Value
First
Trust
Natural
Gas
ETF
18,070‌
$
452,111‌
iShares
S&P
500
®
Value
ETF
146,400‌
21,312,912‌
SPDR
®
Bloomberg
1-3
Month
T-Bill
ETF
85,430‌
7,814,282‌
WisdomTree
U.S.
High
Dividend
Fund
43,030‌
3,660,132‌
Total
Exchange-Traded
Funds
Cost
($34,054,196)
33,239,437‌
MUTUAL
FUNDS
—
5.82%
Akre
Focus
Fund,
Institutional
Class
101‌
5,757‌
AllianzGI
Dividend
Value
Fund
200‌
2,458‌
AllianzGI
NFJ
Small-Cap
Value
Fund
162‌
2,751‌
American
Century
Equity
Income
Fund,
Investor
Class
100‌
942‌
American
Century
International
Opportunities
Fund,
Institutional
Class
360‌
3,226‌
AMG
Yacktman
Focused
Fund,
Institutional
Class
100‌
1,922‌
AMG
Yacktman
Fund,
Institutional
Class
100‌
2,246‌
Artisan
International
Small
Cap
Fund,
Investor
Class
100‌
1,602‌
Artisan
International
Value
Fund,
Investor
Class
150‌
5,703‌
Artisan
Mid
Cap
Value
Fund,
Investor
Class
279‌
5,510‌
Artisan
Small
Cap
Fund,
Investor
Class
125‌
3,840‌
BlackRock
International
Opportunities
Portfolio,
Institutional
Class
100‌
3,058‌
BNY
Mellon
Opportunistic
Small
Cap
Fund,
Investor
Class
100‌
3,071‌
Bridgeway
Ultra-Small
Company
Market
Fund,
Class
N
100‌
1,125‌
Buffalo
Small
Cap
Fund,
Inc.
150‌
2,208‌
Centre
American
Select
Equity
Fund,
Institutional
Class
452,457‌
6,587,770‌
Champlain
Small
Company
Fund,
Institutional
Class
100‌
1,998‌
Chartwell
Small
Cap
Value
Fund
118‌
2,148‌
Columbia
Acorn
Fund,
Class
Z
137‌
1,346‌
Columbia
Acorn
International,
Class
Z
100‌
2,269‌
Columbia
Contrarian
Core
Fund,
Class
Z
91‌
2,663‌
Columbia
Small
Cap
Growth
Fund
I,
Class
Z
100‌
1,972‌
Davis
Opportunity
Fund,
Class
Y
100‌
3,831‌
Delaware
Select
Growth
Fund,
Institutional
Class
100‌
2,508‌
Delaware
Small
Cap
Value
Fund,
Institutional
Class
100‌
7,351‌
Delaware
Value
Fund,
Institutional
Class
144‌
2,848‌
Deutsche
Small
Cap
Core
Fund,
Institutional
Class
52‌
2,270‌
DFA
International
Small
Cap
Value
Portfolio,
Institutional
Class
100‌
1,867‌
DFA
International
Small
Company
Portfolio,
Institutional
Class
100‌
1,806‌
DFA
U.S.
Small
Cap
Value
Portfolio,
Institutional
Class
100‌
4,153‌
Fidelity
Mid-Cap
Stock
Fund
150‌
5,709‌
Fidelity
Small
Cap
Discovery
Fund
100‌
2,495‌
Fidelity
Small
Cap
Stock
Fund
150‌
2,358‌
Fidelity
Small
Cap
Value
Fund
150‌
2,954‌
Franklin
Small
Cap
Value
Fund,
Advisor
Class
100‌
5,555‌
Hartford
International
Opportunities
Fund
(The),
Class
Y
248‌
4,099‌
Heartland
Value
Fund
100‌
4,314‌
Hennessy
Cornerstone
Mid
Cap
30
Fund,
Institutional
Class
100‌
2,048‌
Hennessy
Focus
Fund,
Investor
Class
50‌
2,984‌
Invesco
American
Value
Fund,
Class
Y
141‌
5,147‌
Invesco
Oppenheimer
International
Small-Mid
Company
Fund,
Class
Y
100‌
4,203‌
Sound
Mind
Investing
Fund
Schedule
of
Investments
(continued)
July
31,
2022
-
(Unaudited)
MUTUAL
FUNDS
—
5.82%
-
continued
Janus
Henderson
Contrarian
Fund,
Class
T
100‌
$
2,460‌
Janus
Henderson
Mid
Cap
Value
Fund,
Class
T
200‌
3,154‌
Janus
Henderson
Overseas
Fund,
Class
T
100‌
3,875‌
Janus
Henderson
Venture
Fund,
Class
T
100‌
7,656‌
JOHCM
International
Select
Fund,
Institutional
Class
100‌
2,161‌
JPMorgan
Mid
Cap
Value
Fund,
Institutional
Class
100‌
3,891‌
JPMorgan
Small
Cap
Equity
Fund,
Select
Class
100‌
5,847‌
JPMorgan
Small
Cap
Growth
Fund,
Class
L
100‌
1,902‌
JPMorgan
U.S.
Research
Enhanced
Equity
Fund,
Institutional
Class
100‌
3,196‌
Longleaf
Partners
Fund
150‌
3,269‌
Longleaf
Partners
International
Fund
150‌
2,073‌
Longleaf
Partners
Small-Cap
Fund
100‌
2,343‌
Lord
Abbett
Developing
Growth
Fund,
Inc.,
Institutional
Class
100‌
2,432‌
Miller
Opportunity
Trust,
Institutional
Class
100‌
3,048‌
Morgan
Stanley
Discovery
Portfolio,
Institutional
Class
100‌
1,349‌
Morgan
Stanley
Growth
Portfolio,
Institutional
Class
100‌
3,633‌
Neuberger
Berman
Genesis
Fund,
Institutional
Class
100‌
6,405‌
Nicholas
Fund,
Inc.
50‌
3,668‌
Oakmark
International
Fund,
Investor
Class
150‌
3,510‌
Oakmark
International
Small
Cap
Fund,
Institutional
Class
150‌
2,400‌
Oakmark
Select
Fund,
Institutional
Class
150‌
8,212‌
PRIMECAP
Odyssey
Aggressive
Growth
Fund
100‌
4,193‌
Principal
SmallCap
Growth
Fund
I,
Institutional
Class
200‌
2,588‌
Prudential
Jennison
International
Opportunities,
Class
Z
185‌
4,788‌
Royce
Micro-Cap
Fund,
Investment
Class
106‌
1,135‌
Royce
Opportunity
Fund,
Investment
Class
318‌
4,602‌
Royce
Premier
Fund,
Investment
Class
300‌
3,441‌
Royce
Special
Equity
Fund,
Institutional
Class
150‌
2,678‌
T.
Rowe
Price
International
Discovery
Fund,
Investor
Class
75‌
4,655‌
T.
Rowe
Price
Mid-Cap
Growth
Fund,
Investor
Class
50‌
4,789‌
T.
Rowe
Price
New
Horizons
Fund,
Investor
Class
100‌
5,329‌
T.
Rowe
Price
Small-Cap
Value
Fund,
Investor
Class
100‌
5,413‌
Thornburg
Value
Fund,
Institutional
Class
100‌
6,658‌
TIAA-CREF
International
Equity
Fund,
Institutional
Class
100‌
1,157‌
Touchstone
Sands
Capital
Select
Growth
Fund,
Class
Y
100‌
1,099‌
Tweedy
Browne
International
Value
Fund
150‌
4,013‌
Vanguard
Strategic
Equity
Fund,
Investor
Class
100‌
3,483‌
Victory
RS
Small
Cap
Growth
Fund,
Class
Y
100‌
5,498‌
Wasatch
International
Growth
Fund,
Investor
Class
150‌
3,654‌
Wasatch
Micro
Cap
Fund,
Investor
Class
100‌
646‌
Total
Mutual
Funds
Cost
($7,671,385)
6,860,388‌
MONEY
MARKET
FUNDS
-
66.01%
Fidelity
Investments
Money
Market
Government
Portfolio,
Institutional
Class,
1.68%
(a)
(b)
77,821,536‌
77,821,536‌
Total
Money
Market
Funds
(Cost
$77,821,536)
77,821,536‌
Total
Investments
—
100.02%
(Cost
$119,547,117)
117,921,361‌
Sound
Mind
Investing
Fund
Schedule
of
Investments
(continued)
July
31,
2022
-
(Unaudited)
MUTUAL
FUNDS
—
5.82%
-
continued
Liabilities
in
Excess
of
Other
Assets — (0.02)%
$
(27,240‌)
NET
ASSETS
—
100.00%
$
117,894,121‌
(a)
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2022.
Represents
an
investment
greater
than
25%
of
the
Fund's
net
assets.
Performance
of
the
Fund
may
be
adversely
impacted
by
concentrated
investments
in
securities.
The
financial
statements
and
portfolio
holdings
for
these
securities
can
be
found
at
www.sec.gov.
As
of
July
31,
2022,
the
percentage
of
net
assets
invested
in
Fidelity
Investments
Money
Market
Government
Portfolio
were
66.01%
of
the
Fund.
ETF
-
Exchange-Traded
Fund
SPDR
-
Standard
&
Poor's
Depositary
Receipt
SMI
Dynamic
Allocation
Fund
Schedule
of
Investments
July
31,
2022
-
(Unaudited)
EXCHANGE-TRADED
FUNDS
—
71.37%
Shares
Fair
Value
Gold
Bullion
Strategy
Fund
(The),
Investor
Class
(a)
183,604‌
$
3,806,106‌
iShares
1-3
Year
Treasury
Bond
ETF
(b)
478,350‌
39,726,967‌
iShares
7-10
Year
Treasury
Bond
ETF
(b)
237,210‌
24,947,376‌
Total
Exchange-Traded
Funds
Cost
($69,124,319)
68,480,449‌
CLOSED
END
FUNDS
—
24.69%
Sprott
Physical
Gold
Trust
(a)
1,714,560‌
23,695,219‌
Total
Closed
End
Funds
Cost
($25,614,651)
23,695,219‌
MONEY
MARKET
FUNDS
-
30.07%
Fidelity
Investments
Money
Market
Government
Portfolio,
Institutional
Class,
1.68%
(b)
(c)
28,854,391‌
28,854,391‌
Total
Money
Market
Funds
(Cost
$28,854,391)
28,854,391‌
Total
Investments
—
126.13%
(Cost
$123,593,361)
121,030,059‌
Liabilities
in
Excess
of
Other
Assets — (26.13)%
(25,072,600‌)
NET
ASSETS
—
100.00%
$
95,957,459‌
(a)
Non-income
producing
security.
(b)
Represents
an
investment
greater
than
25%
of
the
Fund's
net
assets.  Performance
of
the
Fund
may
be
adversely
impacted
by
concentrated
investments
in
securities.  The
financial
statements
and
portfolio
holdings
for
these
securities
can
be
found
at
www.sec.gov.  As
of
July
31,
2022,
the
percentage
of
net
assets
invested
in
iShares
1-3
Year
Treasury
Bond
ETF,
Fidelity
Investments
Money
Market
Government
Portfolio,
and
iShares
7-10
Year
Treasury
Bond
ETF,
were
41.40%,
30.07%,
and
26.00%
of
the
Fund,
respectively.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2022.
ETF
-
Exchange-Traded
Fund
SMI
Multi-Strategy
Fund
Schedule
of
Investments
July
31,
2022
-
(Unaudited)
EXCHANGE-TRADED
FUNDS
—
54.00%
Shares
Fair
Value
Energy
Select
Sector
SPDR
®
Fund
28,890‌
$
2,265,554‌
First
Trust
Natural
Gas
ETF
25,690‌
642,764‌
iShares
1-3
Year
Treasury
Bond
ETF
123,860‌
10,286,573‌
iShares
7-10
Year
Treasury
Bond
ETF
94,890‌
9,979,581‌
iShares
S&P
500
®
Value
ETF
32,100‌
4,673,119‌
SPDR
®
Bloomberg
1-3
Month
T-Bill
ETF
15,490‌
1,416,870‌
SPDR
®
S&P
Oil
&
Gas
Exploration
&
Production
ETF
4,720‌
646,734‌
WisdomTree
U.S.
High
Dividend
Fund
13,240‌
1,126,194‌
Total
Exchange-Traded
Funds
Cost
($30,560,218)
31,037,389‌
MUTUAL
FUNDS
—
3.34%
AMG
Yacktman
Focused
Fund,
Institutional
Class
100‌
1,922‌
Centre
American
Select
Equity
Fund,
Institutional
Class
85,058‌
1,238,445‌
Fidelity
Select
Energy
Portfolio
12,853‌
659,732‌
Invesco
Oppenheimer
International
Small-Mid
Company
Fund,
Class
Y
100‌
4,203‌
Longleaf
Partners
International
Fund
150‌
2,073‌
Lord
Abbett
Developing
Growth
Fund,
Inc.,
Institutional
Class
100‌
2,432‌
Miller
Opportunity
Trust,
Institutional
Class
100‌
3,048‌
Morgan
Stanley
Discovery
Portfolio,
Institutional
Class
100‌
1,349‌
Oakmark
International
Fund,
Investor
Class
50‌
1,170‌
Wasatch
International
Growth
Fund,
Investor
Class
100‌
2,436‌
Total
Mutual
Funds
Cost
($1,960,423)
1,916,810‌
CLOSED
END
FUNDS
—
16.05%
Sprott
Physical
Gold
Trust
(a)
667,452‌
9,224,187‌
Total
Closed
End
Funds
Cost
($9,972,044)
9,224,187‌
MONEY
MARKET
FUNDS
-
44.04%
Fidelity
Investments
Money
Market
Government
Portfolio,
Institutional
Class,
1.68%
(b)
25,308,638‌
25,308,638‌
Total
Money
Market
Funds
(Cost
$25,308,638)
25,308,638‌
Total
Investments
—
117.43%
(Cost
$67,801,323)
67,487,024‌
Liabilities
in
Excess
of
Other
Assets — (17.43)%
(10,016,928‌)
NET
ASSETS
—
100.00%
$
57,470,096‌
(a)
Non-income
producing
security.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2022.
ETF
-
Exchange-Traded
Fund
SPDR
-
Standard
&
Poor's
Depositary
Receipt