ABSOLUTE CAPITAL ASSET ALLOCATOR FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
December 31, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 17.5% | |||||||
ASSET MANAGEMENT - 0.6% | |||||||
2,100 | Charles Schwab Corporation (The) | $ 174,846 | |||||
| |||||||
BEVERAGES - 2.7% | |||||||
900 | Constellation Brands, Inc., Class A | 208,575 | |||||
3,300 | PepsiCo, Inc. | 596,178 | |||||
804,753 | |||||||
COMMERCIAL SUPPORT SERVICES - 1.2% | |||||||
800 | Cintas Corporation | 361,296 | |||||
| |||||||
FOOD - 1.2% | |||||||
1,800 | McCormick & Company, Inc. | 149,202 | |||||
3,100 | Mondelez International, Inc., Class A | 206,615 | |||||
355,817 | |||||||
HEALTH CARE FACILITIES & SERVICES - 1.6% | |||||||
900 | UnitedHealth Group, Inc. | 477,162 | |||||
| |||||||
INTERNET MEDIA & SERVICES - 0.9% | |||||||
3,000 | Alphabet, Inc., Class C(a) | 266,190 | |||||
| |||||||
LEISURE FACILITIES & SERVICES - 2.2% | |||||||
1,200 | McDonald's Corporation | 316,236 | |||||
3,300 | Yum China Holdings, Inc. | 180,345 | |||||
1,400 | Yum! Brands, Inc. | 179,312 | |||||
675,893 | |||||||
SOFTWARE - 6.3% | |||||||
6,200 | Microsoft Corporation | 1,486,884 | |||||
2,800 | Oracle Corporation | 228,872 | |||||
1,300 | Palo Alto Networks, Inc.(a) | 181,402 | |||||
1,897,158 | |||||||
|
ABSOLUTE CAPITAL ASSET ALLOCATOR FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited)(Continued) | |||||||
December 31, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 17.5% (Continued) | |||||||
TECHNOLOGY SERVICES - 0.8% | |||||||
1,100 | Visa, Inc., Class A | $ 228,536 | |||||
TOTAL COMMON STOCKS (Cost $5,651,066) |
5,241,651 | ||||||
EXCHANGE-TRADED FUNDS — 74.6% | |||||||
COMMODITY - 2.4% | |||||||
4,300 | SPDR Gold Shares(a) | 729,452 | |||||
| |||||||
EQUITY - 55.9% | |||||||
6,300 | Financial Select Sector SPDR Fund | 215,460 | |||||
5,300 | Health Care Select Sector SPDR Fund | 720,005 | |||||
9,200 | Industrial Select Sector SPDR Fund | 903,532 | |||||
6,500 | Invesco S&P 500 Equal Weight Consumer Staples ETF | 1,108,315 | |||||
15,000 | Invesco S&P 500 Low Volatility ETF | 958,500 | |||||
22,300 | Invesco S&P 500 Revenue ETF | 1,648,862 | |||||
45,100 | iShares Cybersecurity and Tech ETF | 1,489,202 | |||||
27,200 | iShares MSCI USA Minimum Volatility Factor ETF | 1,961,120 | |||||
12,200 | iShares US Infrastructure ETF | 442,372 | |||||
6,500 | Materials Select Sector SPDR Fund | 504,920 | |||||
6,000 | Technology Select Sector SPDR Fund | 746,640 | |||||
7,100 | Vanguard Health Care ETF | 1,761,155 | |||||
9,400 | Vanguard High Dividend Yield ETF | 1,017,174 | |||||
1,000 | Vanguard Information Technology ETF | 319,410 | |||||
2,600 | Vanguard S&P 500 ETF | 913,484 | |||||
3,600 | Vanguard Total Stock Market ETF | 688,284 | |||||
14,100 | Vanguard US Multifactor ETF | 1,393,559 | |||||
16,791,994 | |||||||
FIXED INCOME - 16.3% | |||||||
22,000 | BlackRock Ultra Short-Term Bond ETF | 1,100,880 | |||||
13,000 | iShares Floating Rate Bond ETF | 654,290 | |||||
77,500 | iShares iBonds 2023 Term High Yield and Income ETF | 1,818,925 |
ABSOLUTE CAPITAL ASSET ALLOCATOR FUND | ||||||||
SCHEDULE OF INVESTMENTS (Unaudited)(Continued) | ||||||||
December 31, 2022 | ||||||||
Shares | Fair Value | |||||||
EXCHANGE-TRADED FUNDS — 74.6% (Continued) | ||||||||
FIXED INCOME - 16.3% (Continued) | ||||||||
11,600 | iShares iBonds December 2023 Term Corporate ETF | $ 290,348 | ||||||
35,000 | SPDR Portfolio Short Term Corporate Bond ETF | 1,028,300 | ||||||
4,892,743 | ||||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $22,972,607) |
22,414,189 | |||||||
SHORT-TERM INVESTMENT — 8.0% | ||||||||
MONEY MARKET FUND - 8.0% | ||||||||
2,401,364 | First American Government Obligations Fund, Class X, 4.10% (Cost $2,401,364)(b) | 2,401,364 | ||||||
| ||||||||
TOTAL INVESTMENTS - 100.1% (Cost $31,025,037) | $ 30,057,204 | |||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)% |
(37,560) | |||||||
NET ASSETS - 100.0% |
$ 30,019,644 | |||||||
ETF | - Exchange-Traded Fund |
MSCI | - Morgan Stanley Capital International |
SPDR | - Standard & Poor's Depositary Receipt |
(a) | Non-income producing security. |
(b) | Rate disclosed is the seven day effective yield as of December 31, 2022. |
ABSOLUTE CAPITAL DEFENDER FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
December 31, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 14.2% | |||||||
ASSET MANAGEMENT - 0.6% | |||||||
1,600 | Charles Schwab Corporation (The) | $ 133,216 | |||||
| |||||||
BEVERAGES - 3.0% | |||||||
600 | Constellation Brands, Inc., Class A | 139,050 | |||||
3,100 | PepsiCo, Inc. | 560,046 | |||||
699,096 | |||||||
COMMERCIAL SUPPORT SERVICES - 0.6% | |||||||
300 | Cintas Corporation | 135,486 | |||||
| |||||||
FOOD - 1.1% | |||||||
1,300 | McCormick & Company, Inc. | 107,757 | |||||
2,100 | Mondelez International, Inc., Class A | 139,965 | |||||
247,722 | |||||||
HEALTH CARE FACILITIES & SERVICES - 1.6% | |||||||
700 | UnitedHealth Group, Inc. | 371,126 | |||||
| |||||||
LEISURE FACILITIES & SERVICES - 2.3% | |||||||
1,000 | McDonald's Corporation | 263,530 | |||||
2,500 | Yum China Holdings, Inc. | 136,625 | |||||
1,100 | Yum! Brands, Inc. | 140,888 | |||||
541,043 | |||||||
SOFTWARE - 4.5% | |||||||
3,400 | Microsoft Corporation | 815,388 | |||||
1,600 | Oracle Corporation | 130,784 | |||||
700 | Palo Alto Networks, Inc.(a) | 97,678 | |||||
1,043,850 | |||||||
TECHNOLOGY SERVICES - 0.5% | |||||||
600 | Visa, Inc., Class A | 124,656 | |||||
| |||||||
TOTAL COMMON STOCKS (Cost $3,455,034) |
3,296,195 | ||||||
ABSOLUTE CAPITAL DEFENDER FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited)(Continued) | |||||||
December 31, 2022 | |||||||
Shares | Fair Value | ||||||
EXCHANGE-TRADED FUNDS — 61.8% | |||||||
COMMODITY - 2.9% | |||||||
4,000 | SPDR Gold Shares(a) | $ 678,560 | |||||
| |||||||
EQUITY - 37.2% | |||||||
2,600 | Health Care Select Sector SPDR Fund | 353,210 | |||||
2,400 | Industrial Select Sector SPDR Fund | 235,704 | |||||
4,600 | Invesco S&P 500 Equal Weight Consumer Staples ETF | 784,346 | |||||
9,000 | Invesco S&P 500 Low Volatility ETF | 575,100 | |||||
15,500 | Invesco S&P 500 Revenue ETF | 1,146,070 | |||||
16,000 | iShares Cybersecurity and Tech ETF | 528,320 | |||||
19,500 | iShares MSCI USA Minimum Volatility Factor ETF | 1,405,950 | |||||
11,200 | iShares US Infrastructure ETF | 406,112 | |||||
3,800 | Materials Select Sector SPDR Fund | 295,184 | |||||
2,100 | Technology Select Sector SPDR Fund | 261,324 | |||||
2,600 | Vanguard Health Care ETF | 644,930 | |||||
3,700 | Vanguard High Dividend Yield ETF | 400,377 | |||||
800 | Vanguard Information Technology ETF | 255,528 | |||||
1,100 | Vanguard S&P 500 ETF | 386,474 | |||||
900 | Vanguard Total Stock Market ETF | 172,071 | |||||
8,000 | Vanguard US Multifactor ETF | 790,672 | |||||
8,641,372 | |||||||
FIXED INCOME - 21.7% | |||||||
20,000 | BlackRock Ultra Short-Term Bond ETF | 1,000,800 | |||||
17,800 | iShares Floating Rate Bond ETF | 895,874 | |||||
61,000 | iShares iBonds 2023 Term High Yield and Income ETF | 1,431,670 | |||||
24,000 | iShares iBonds December 2023 Term Corporate ETF | 600,720 | |||||
37,500 | SPDR Portfolio Short Term Corporate Bond ETF | 1,101,750 | |||||
5,030,814 | |||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $14,514,581) |
14,350,746 | ||||||
ABSOLUTE CAPITAL DEFENDER FUND | ||||||||
SCHEDULE OF INVESTMENTS (Unaudited)(Continued) | ||||||||
December 31, 2022 | ||||||||
Shares | Fair Value | |||||||
SHORT-TERM INVESTMENT — 24.0% | ||||||||
MONEY MARKET FUND - 24.0% | ||||||||
5,577,576 | First American Government Obligations Fundm Class X, 4.10% (Cost $5,577,576)(b) | $ 5,577,576 | ||||||
| ||||||||
TOTAL INVESTMENTS - 100.0% (Cost $23,547,191) | $ 23,224,517 | |||||||
LIABILITIES IN EXCESS OF OTHER ASSETS – (0.0)%(c) |
(4,519) | |||||||
NET ASSETS - 100.0% |
$ 23,219,998 | |||||||
ETF | - Exchange-Traded Fund |
MSCI | - Morgan Stanley Capital International |
SPDR | - Standard & Poor's Depositary Receipt |
(a) | Non-income producing security. |
(b) | Rate disclosed is the seven day effective yield as of December 31, 2022. |
(c) | Represents less than 0.05%. |