0001752724-23-271581.txt : 20231128 0001752724-23-271581.hdr.sgml : 20231128 20231128155404 ACCESSION NUMBER: 0001752724-23-271581 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230930 FILED AS OF DATE: 20231128 DATE AS OF CHANGE: 20231128 PERIOD START: 20240630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHERN LIGHTS FUND TRUST III CENTRAL INDEX KEY: 0001537140 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-22655 FILM NUMBER: 231446184 BUSINESS ADDRESS: STREET 1: 225 PICTORIA DRIVE STREET 2: SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 BUSINESS PHONE: 631-470-2621 MAIL ADDRESS: STREET 1: 17605 WRIGHT STREET CITY: OMAHA STATE: NE ZIP: 68130 0001537140 S000048332 HCM Dividend Sector Plus Fund C000152642 HCM Dividend Sector Plus Fund Class A Shares HCMNX C000152643 HCM Dividend Sector Plus Fund Class A1 Shares HCMWX C000152644 HCM Dividend Sector Plus Fund Investor Class Shares HCMPX C000152645 HCM Dividend Sector Plus Fund Class I Shares HCMQX C000152646 HCM Dividend Sector Plus Fund Class R Shares HCMZX NPORT-P 1 primary_doc.xml NPORT-P false 0001537140 XXXXXXXX S000048332 C000152642 C000152645 C000152646 C000152643 C000152644 NORTHERN LIGHTS FUND TRUST III 811-22655 0001537140 549300PPUECJSQFBYV98 225 PICTORIA DRIVE SUITE 450 CINCINNATI 45246 631-470-2600 HCM Dividend Sector Plus Fund S000048332 549300QYTEJYTXYJCL20 2024-06-30 2023-09-30 N 1262658866.94 1996130.11 1260662736.83 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 7401905.55999999 N Proshares Trust 5493005D9DS7C1P5AM59 PROSHARES ULTRA QQQ 74347R206 5800700.00000000 NS USD 344271545.00000000 27.30877457881 Long EC RF US N 1 N N N Pfizer Inc. 765LHXWGK1KXCLTFYQ30 PFIZER INC 717081103 72849.00000000 NS USD 2416401.33000000 0.191677064722 Long EC CORP US N 1 N N N M&T Bank Corporation 549300WYXDDBYRASEG81 M&T BANK CORP 55261F104 26062.00000000 NS USD 3295539.90000000 0.261413287132 Long EC CORP US N 1 N N N Alphabet Inc. 5493006MHB84DD0ZWV18 ALPHABET INC-A 02079K305 28324.00000000 NS USD 3706478.64000000 0.294010327402 Long EC CORP US N 1 N N N Viatris Inc 254900ZZTSW7NL773X71 VIATRIS INC 92556V106 304664.00000000 NS USD 3003987.04000000 0.238286335610 Long EC CORP US N 1 N N N Coterra Energy Inc FCNMH6O7VWU7LHXMK351 COTERRA ENERGY I 127097103 117972.00000000 NS USD 3191142.60000000 0.253132142861 Long EC CORP US N 1 N N N DXC Technology Company 549300DOVZ3EDJB7O259 DXC TECHNOLOGY C 23355L106 119132.00000000 NS USD 2481519.56000000 0.196842461310 Long EC CORP US N 1 N N N Alaska Air Group Inc. 529900G48RT4KWLC6C27 ALASKA AIR GROUP 011659109 71609.00000000 NS USD 2655261.72000000 0.210624272648 Long EC CORP US N 1 N N N Alphabet Inc. 5493006MHB84DD0ZWV18 ALPHABET INC-C 02079K107 28128.00000000 NS USD 3708676.80000000 0.294184692832 Long EC CORP US N 1 N N N APA Corp. 549300VCIWLRHYVSHC79 APA CORP 03743Q108 75164.00000000 NS USD 3089240.40000000 0.245048918298 Long EC CORP US N 1 N N N The Kroger Co. 6CPEOKI6OYJ13Q6O7870 KROGER CO 501044101 64542.00000000 NS USD 2888254.50000000 0.229106042053 Long EC CORP US N 1 N N N Micron Technology Inc. B3DXGBC8GAIYWI2Z0172 MICRON TECH 595112103 48054.00000000 NS USD 3269113.62000000 0.259317065896 Long EC CORP US N 1 N N N Lennar Corporation 529900G61XVRLX5TJX09 LENNAR CORP-A 526057104 28885.00000000 NS USD 3241763.55000000 0.257147566537 Long EC CORP US N 1 N N N JPMorgan Chase & Co. 8I5DZWZKVSZI1NUHU748 JPMORGAN CHASE 46625H100 23573.00000000 NS USD 3418556.46000000 0.271171373605 Long EC CORP US N 1 N N N Southwest Airlines Co. UDTZ87G0STFETI6HGH41 SOUTHWEST AIR 844741108 94223.00000000 NS USD 2550616.61000000 0.202323471257 Long EC CORP US N 1 N N N Moderna Inc 549300EI6OKH5K5Q2G38 MODERNA INC 60770K107 18817.00000000 NS USD 1943607.93000000 0.154173505190 Long EC CORP US N 1 N N N Direxion Shares ETF Trust 549300M501IVJM50FG12 DIREXION SPX 2X 25459Y165 283000.00000000 NS USD 23981646.40000000 1.902304692554 Long EC RF US N 1 N N N Organon & Co 549300AMCKY57OK2CO56 ORGANON & CO 68622V106 126444.00000000 NS USD 2195067.84000000 0.174120149336 Long EC CORP US N 1 N N N PPL Corporation 9N3UAJSNOUXFKQLF3V18 PPL CORP 69351T106 105848.00000000 NS USD 2493778.88000000 0.197814911724 Long EC CORP US N 1 N N N Altria Group, Inc. XSGZFLO9YTNO9VCQV219 ALTRIA GROUP INC 02209S103 67619.00000000 NS USD 2843378.95000000 0.225546362792 Long EC CORP US N 1 N N N Nucor Corporation 549300GGJCRSI2TIEJ46 NUCOR CORP 670346105 20575.00000000 NS USD 3216901.25000000 0.255175405445 Long EC CORP US N 1 N N N Bunge Limited 5493007M0RIN8HY3MM77 BUNGE LTD G16962105 32216.00000000 NS USD 3487382.00000000 0.276630846468 Long EC CORP BM N 1 N N N MetLife Inc. C4BXATY60WC6XEOZDX54 METLIFE INC 59156R108 50649.00000000 NS USD 3186328.59000000 0.252750279429 Long EC CORP US N 1 N N N Mohawk Industries, Inc. 549300JI1115MG3Q6322 MOHAWK INDS 608190104 30806.00000000 NS USD 2643462.86000000 0.209688347467 Long EC CORP US N 1 N N N Steel Dynamics, Inc. 549300HGGKEL4FYTTQ83 STEEL DYNAMICS 858119100 28723.00000000 NS USD 3079680.06000000 0.244290560038 Long EC CORP US N 1 N N N The AES Corporation 2NUNNB7D43COUIRE5295 AES CORP 00130H105 120220.00000000 NS USD 1827344.00000000 0.144951059995 Long EC CORP US N 1 N N N United Airlines Holdings Inc 98450079DA0B78DD6764 UNITED AIRLINES 910047109 72051.00000000 NS USD 3047757.30000000 0.241758339559 Long EC CORP US N 1 N N N Spdr S&P 500 Etf Trust 549300NZAMSJ8FXPQQ63 SPDR S&P 500 ETF 78462F103 364400.00000000 NS USD 155773712.00000000 12.35649372739 Long EC RF US N 1 N N N Edison International 549300I7ROF15MAEVP56 EDISON INTL 281020107 41845.00000000 NS USD 2648370.05000000 0.210077602250 Long EC CORP US N 1 N N N Fox Corporation 549300DDU6FDRBIELS05 FOX CORP - B 35137L204 97342.00000000 NS USD 2811236.96000000 0.222996752253 Long EC CORP US N 1 N N N Principal Financial Group CUMYEZJOAF02RYZ1JJ85 PRINCIPAL FINL 74251V102 40152.00000000 NS USD 2893754.64000000 0.229542331621 Long EC CORP US N 1 N N N CF Industries Holdings, Inc. 529900CG8YAQFZ2JMV97 CF INDUSTRIES HO 125269100 39096.00000000 NS USD 3352091.04000000 0.265899113384 Long EC CORP US N 1 N N N Fox Corporation 549300DDU6FDRBIELS05 FOX CORP - A 35137L105 89489.00000000 NS USD 2792056.80000000 0.221475317579 Long EC CORP US N 1 N N N Archer-Daniels-Midland Company 549300LO13MQ9HYSTR83 ARCHER-DANIELS 039483102 37254.00000000 NS USD 2809696.68000000 0.222874572073 Long EC CORP US N 1 N N N Tyson Foods, Inc. WD6L6041MNRW1JE49D58 TYSON FOODS-A 902494103 49058.00000000 NS USD 2476938.42000000 0.196479069907 Long EC CORP US N 1 N N N HCM BBH SWEEP N/A BBH SWEEP VEHICLE N/A 8400294.89000000 PA USD 8400294.89000000 0.666339588264 Long STIV US N 1 N N N Valero Energy Corporation 549300XTO5VR8SKV1V74 VALERO ENERGY 91913Y100 22810.00000000 NS USD 3232405.10000000 0.256405222869 Long EC CORP US N 1 N N N WestRock Company 5493004Z9TCQW68YVL89 WESTROCK CO 96145D105 99714.00000000 NS USD 3569761.20000000 0.283165441137 Long EC CORP US N 1 N N N Hewlett Packard Enterprise Company 549300BX44RGX6ANDV88 HEWLETT PACKA 42824C109 189982.00000000 NS USD 3299987.34000000 0.261766073002 Long EC CORP US N 1 N N N Marathon Petroleum Company 3BNYRYQHD39K4LCKQF12 MARATHON PETROLE 56585A102 23325.00000000 NS USD 3530005.50000000 0.280011885563 Long EC CORP US N 1 N N N The Mosaic Company 2YD5STGSJNMUB7H76907 MOSAIC CO/THE 61945C103 64556.00000000 NS USD 2298193.60000000 0.182300430786 Long EC CORP US N 1 N N N HP Inc WHKXQACZ14C5XRO8LW03 HP INC 40434L105 101810.00000000 NS USD 2616517.00000000 0.207550911402 Long EC CORP US N 1 N N N Robert Half Inc. 529900VPCUY9H3HLIC08 ROBERT HALF INC 770323103 40190.00000000 NS USD 2945123.20000000 0.233617058231 Long EC CORP US N 1 N N N D.R. Horton, Inc. 529900ZIUEYVSB8QDD25 DR HORTON INC 23331A109 30750.00000000 NS USD 3304702.50000000 0.262140095320 Long EC CORP US N 1 N N N NRG Energy, Inc. 5E2UPK5SW04M13XY7I38 NRG ENERGY 629377508 84414.00000000 NS USD 3251627.28000000 0.257929990710 Long EC CORP US N 1 N N N Proshares Trust 5493005D9DS7C1P5AM59 PROSHARES ULTRA S&P500 74347R107 5072850.00000000 NS USD 270788733.00000000 21.47987126841 Long EC RF US N 1 N N N Vanguard Whitehall Funds 5493006QD7VQBS2FQD13 VANGUARD HIGH DVD YIELD E 921946406 285334.00000000 NS USD 29480708.88000000 2.338508787380 Long EC RF US N 1 N N N United Rentals, Inc. 5323X5O7RN0NKFCDRY08 UNITED RENTALS 911363109 8105.00000000 NS USD 3603239.85000000 0.285821080034 Long EC CORP US N 1 N N N Molina Healthcare, Inc. 549300NQQCEQ46YHZ591 MOLINA HEALTHCAR 60855R100 10072.00000000 NS USD 3302508.08000000 0.261966026560 Long EC CORP US N 1 N N N American International Group, Inc. ODVCVCQG2BP6VHV36M30 AMERICAN INTERNA 026874784 58637.00000000 NS USD 3553402.20000000 0.281867790344 Long EC CORP US N 1 N N N News Corporation 549300ITS31QK8VRBQ14 NEWS CORP-CL B 65249B208 171092.00000000 NS USD 3570690.04000000 0.283239119844 Long EC CORP US N 1 N N N EQT Corporation 4NT01YGM4X7ZX86ISY52 EQT CORP 26884L109 91754.00000000 NS USD 3723377.32000000 0.295350787424 Long EC CORP US N 1 N N N Cognizant Technology Solutions Corp. 5493006IEVQEFQO40L83 COGNIZANT TECH-A 192446102 50287.00000000 NS USD 3406441.38000000 0.270210364793 Long EC CORP US N 1 N N N General Motors Company 54930070NSV60J38I987 GENERAL MOTORS C 37045V100 87675.00000000 NS USD 2890644.75000000 0.229295644707 Long EC CORP US N 1 N N N Vanguard Index Fds 549300G6KNDK44WUN559 VANGUARD GROWTH ETF 922908736 12580.00000000 NS USD 3425659.80000000 0.271734834378 Long EC RF US N 1 N N N Pulte Group Inc N/A PULTEGROUP INC 745867101 50786.00000000 NS USD 3760703.30000000 0.298311609452 Long EC CORP US N 1 N N N Entergy Corporation 4XM3TW50JULSLG8BNC79 ENTERGY CORP 29364G103 27932.00000000 NS USD 2583710.00000000 0.204948550037 Long EC CORP US N 1 N N N Vanguard Specialized Funds 549300OM0CLBHZ9MZW59 VANGUARD DIVIDEND APPREC 921908844 1710552.00000000 NS USD 265785569.76000000 21.08300356591 Long EC RF US N 1 N N N 2023-10-27 NORTHERN LIGHTS FUND TRUST III Rich Gleason Rich Gleason Treasurer XXXX NPORT-EX 2 hcmfundsnportex.htm HCM DIVIDEND SECTOR PLUS FUND_NQ_9.30.23

 

HCM TACTICAL GROWTH FUND
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2023
 
Shares             Fair Value
    COMMON STOCKS — 4.2%      
    AUTOMOTIVE - 0.1%      
5,151   Tesla, Inc.(a)       $ 1,288,883
             
    BEVERAGES - 0.2%      
17,605   Brown-Forman Corporation, Class B         1,015,632
25,824   Monster Beverage Corporation(a)         1,367,380
             

2,383,012

    BIOTECH & PHARMA - 0.1%      
4,240   Amgen, Inc.         1,139,542
             
    CHEMICALS - 0.2%      
11,050   CF Industries Holdings, Inc.         947,427
3,870   New Linde plc         1,440,995
             

2,388,422

    E-COMMERCE DISCRETIONARY - 0.1%      
11,651   Amazon.com, Inc.(a)         1,481,075
             
    HEALTH CARE FACILITIES & SERVICES - 0.2%      
2,103   Humana, Inc.         1,023,152
2,110   UnitedHealth Group, Inc.         1,063,841
             

2,086,993

    HOUSEHOLD PRODUCTS - 0.1%      
8,624   Procter & Gamble Company (The)         1,257,897
             
    INFRASTRUCTURE REIT - 0.1%      
5,594   American Tower Corp., A         919,934
8,769   Crown Castle, Inc.         807,011
             

1,726,945

    INSURANCE - 0.1%      
9,233   Allstate Corporation (The)         1,028,649
             
    INTERNET MEDIA & SERVICES - 0.4%      
12,288   Alphabet, Inc., Class A(a)         1,608,008
11,824   Meta Platforms, Inc., Class A(a)         3,549,683
             

5,157,691

 
 

 

HCM TACTICAL GROWTH FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
September 30, 2023
 
Shares             Fair Value
    COMMON STOCKS — 4.2% (Continued)      
    METALS & MINING - 0.1%      
36,501   Freeport-McMoRan, Inc.       $ 1,361,122
             
    OIL & GAS PRODUCERS - 0.5%      
6,500   Chevron Corporation         1,096,030
15,352   Devon Energy Corporation         732,290
8,890   EOG Resources, Inc.         1,126,896
10,550   Exxon Mobil Corporation         1,240,469
11,250   Phillips 66         1,351,688
             

5,547,373

    RETAIL - DISCRETIONARY - 0.3%      
457   AutoZone, Inc.(a)         1,160,775
6,558   Genuine Parts Company         946,844
1,400   O'Reilly Automotive, Inc.(a)         1,272,404
             

3,380,023

    SELF-STORAGE REIT - 0.1%      
6,704   Extra Space Storage, Inc.         815,072
             
    SEMICONDUCTORS - 0.9%      
19,502   Advanced Micro Devices, Inc.(a)         2,005,196
2,462   Broadcom, Inc.         2,044,888
3,842   KLA Corporation         1,762,172
8,896   NVIDIA Corporation         3,869,671
10,156   QUALCOMM, Inc.         1,127,925
             

10,809,852

    SOFTWARE - 0.1%      
5,200   Microsoft Corporation         1,641,900
             
    SPECIALTY FINANCE - 0.1%      
8,137   American Express Co.         1,213,959
             
    TECHNOLOGY HARDWARE - 0.3%      
8,056   Apple, Inc.         1,379,268
26,579   Cisco Systems, Inc.         1,428,887
 
 

 

HCM TACTICAL GROWTH FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
September 30, 2023
 
Shares             Fair Value
    COMMON STOCKS — 4.2% (Continued)      
    TECHNOLOGY HARDWARE - 0.3% (Continued)      
13,618   Garmin Ltd.       $ 1,432,613
             

4,240,768

    TECHNOLOGY SERVICES - 0.1%      
13,587   PayPal Holdings, Inc.(a)         794,296
             
    TOBACCO & CANNABIS - 0.1%      
13,170   Philip Morris International, Inc.         1,219,279
             
    TOTAL COMMON STOCKS (Cost $43,968,973)    

  50,962,753

               
    EXCHANGE-TRADED FUNDS - 95.0%      
    EQUITY - 95.0%      
283,000   Direxion Daily S&P 500 Bull 2X Shares         23,981,647
645,580   Invesco QQQ Trust Series 1         231,291,947
5,169,145   ProShares Ultra QQQ         306,788,755
4,365,692   ProShares Ultra S&P500         233,040,639
328,000   ProShares Ultra Semiconductors         12,631,280
732,756   ProShares Ultra Technology(a)         28,709,380
294,900   Vanguard Growth ETF         80,304,219
963,657   Vanguard Mega Cap Growth ETF         218,653,773
    TOTAL EXCHANGE-TRADED FUNDS (Cost $932,761,753)  

1,135,401,640

               
    TOTAL INVESTMENTS - 99.2% (Cost $976,730,726)     $ 1,186,364,393
    OTHER ASSETS IN EXCESS OF LIABILITIES - 0.8%    

9,330,759

    NET ASSETS - 100.0%        

$ 1,195,695,152

           
 

 

 

 

ETF  - Exchange-Traded Fund
LTD  - Limited Company
PLC  - Public Limited Company
REIT  - Real Estate Investment Trust
(a) Non-income producing security.
 

 

 

 
 

 

 

HCM DIVIDEND SECTOR PLUS FUND
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2023
 
Shares             Fair Value
    COMMON STOCKS — 12.0%      
    AUTOMOTIVE - 0.2%      
87,675   General Motors Company       $ 2,890,645
             
    BANKING - 0.5%      
23,573   JPMorgan Chase & Company         3,418,556
26,062   M&T Bank Corporation         3,295,540
             

6,714,096

    BIOTECH & PHARMA - 0.8%      
18,817   Moderna, Inc.(a)         1,943,608
126,444   Organon & Company         2,195,068
72,849   Pfizer, Inc.         2,416,401
304,664   Viatris, Inc.         3,003,987
             

9,559,064

    CHEMICALS - 0.4%      
39,096   CF Industries Holdings, Inc.         3,352,091
64,556   Mosaic Company (The)         2,298,194
             

5,650,285

    COMMERCIAL SUPPORT SERVICES - 0.2%      
40,190   Robert Half International, Inc.         2,945,123
             
    CONTAINERS & PACKAGING - 0.3%      
99,714   Westrock Company         3,569,761
             
    ELECTRIC UTILITIES - 1.0%      
120,220   AES Corporation (The)         1,827,344
41,845   Edison International         2,648,370
27,932   Entergy Corporation         2,583,710
84,414   NRG Energy, Inc.         3,251,627
105,848   PPL Corporation         2,493,779
             

12,804,830

    ENTERTAINMENT CONTENT - 0.4%      
89,489   Fox Corporation, Class A         2,792,057
97,342   Fox Corporation - Class B         2,811,237
             

5,603,294

 
 

 

HCM DIVIDEND SECTOR PLUS FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
September 30, 2023
 
Shares             Fair Value
    COMMON STOCKS — 12.0% (Continued)      
    FOOD - 0.2%      
49,058   Tyson Foods, Inc., Class A       $ 2,476,938
             
    HEALTH CARE FACILITIES & SERVICES - 0.3%      
10,072   Molina Healthcare, Inc.(a)         3,302,508
             
    HOME CONSTRUCTION - 1.0%      
30,750   DR Horton, Inc.         3,304,703
28,885   Lennar Corporation, Class A         3,241,764
30,806   Mohawk Industries, Inc.(a)         2,643,463
50,786   PulteGroup, Inc.         3,760,702
             

12,950,632

    INDUSTRIAL SUPPORT SERVICES - 0.3%      
8,105   United Rentals, Inc.         3,603,240
             
    INSURANCE - 0.8%      
58,637   American International Group, Inc.         3,553,402
50,649   MetLife, Inc.         3,186,329
40,152   Principal Financial Group, Inc.         2,893,755
             

9,633,486

    INTERNET MEDIA & SERVICES - 0.6%      
28,324   Alphabet, Inc., Class A(a)         3,706,479
28,128   Alphabet, Inc., Class C(a)         3,708,676
             

7,415,155

    OIL & GAS PRODUCERS - 1.3%      
75,164   APA Corporation         3,089,240
117,972   Coterra Energy, Inc.         3,191,143
91,754   EQT Corporation         3,723,377
23,325   Marathon Petroleum Corporation         3,530,006
22,810   Valero Energy Corporation         3,232,405
             

16,766,171

    PUBLISHING & BROADCASTING - 0.3%      
171,092   News Corporation, Class B         3,570,690
             
 
 

 

HCM DIVIDEND SECTOR PLUS FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
September 30, 2023
 
Shares             Fair Value
    COMMON STOCKS — 12.0% (Continued)      
    RETAIL - CONSUMER STAPLES - 0.2%      
64,542   Kroger Company (The)       $ 2,888,255
             
    SEMICONDUCTORS - 0.3%      
48,054   Micron Technology, Inc.         3,269,114
             
    STEEL - 0.5%      
20,575   Nucor Corporation         3,216,901
28,723   Steel Dynamics, Inc.         3,079,680
             

6,296,581

    TECHNOLOGY HARDWARE - 0.5%      
189,982   Hewlett Packard Enterprise Company         3,299,987
101,810   HP, Inc.         2,616,517
             

5,916,504

    TECHNOLOGY SERVICES - 0.5%      
50,287   Cognizant Technology Solutions Corporation, Class A         3,406,441
119,132   DXC Technology Company(a)         2,481,520
             

5,887,961

    TOBACCO & CANNABIS - 0.2%      
67,619   Altria Group, Inc.         2,843,379
             
    TRANSPORTATION & LOGISTICS - 0.7%      
71,609   Alaska Air Group, Inc.(a)         2,655,262
94,223   Southwest Airlines Company         2,550,617
72,051   United Airlines Holdings, Inc.(a)         3,047,757
             

8,253,636

    WHOLESALE - CONSUMER STAPLES - 0.5%      
37,254   Archer-Daniels-Midland Company         2,809,697
32,216   Bunge Ltd.         3,487,382
             

6,297,079

               
    TOTAL COMMON STOCKS (Cost $147,423,844)    

  151,108,427

               
 
 

 

HCM DIVIDEND SECTOR PLUS FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
September 30, 2023
 
Shares             Fair Value
    EXCHANGE-TRADED FUNDS - 86.7%      
    EQUITY - 86.7%      
283,000   Direxion Daily S&P 500 Bull 2X Shares       $ 23,981,646
5,800,700   ProShares Ultra QQQ         344,271,545
5,072,850   ProShares Ultra S&P500         270,788,733
364,400   SPDR S&P 500 ETF Trust         155,773,712
1,710,552   Vanguard Dividend Appreciation ETF         265,785,569
12,580   Vanguard Growth ETF         3,425,660
285,334   Vanguard High Dividend Yield ETF         29,480,709
    TOTAL EXCHANGE-TRADED FUNDS (Cost $970,513,708)  

1,093,507,574

               
    TOTAL INVESTMENTS - 98.7% (Cost $1,117,937,552)     $ 1,244,616,001
    OTHER ASSETS IN EXCESS OF LIABILITIES - 1.3%    

16,046,736

    NET ASSETS - 100.0%        

$ 1,260,662,737

           
               
 

 

 

 

ETF  - Exchange-Traded Fund
LTD  - Limited Company
PLC  - Public Limited Company
SPDR  - Standard & Poor's Depositary Receipt
(a) Non-income producing security.
 

 
 

 

HCM INCOME PLUS FUND
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2023
 
Shares             Fair Value
    EXCHANGE-TRADED FUNDS - 99.9%      
    EQUITY - 68.7%      
246,214   Invesco QQQ Trust Series 1       $ 88,211,090
1,458,400   ProShares Ultra QQQ         86,556,040
1,429,400   ProShares Ultra S&P500         76,301,372
232,195   Vanguard Growth ETF         63,229,020
423,403   Vanguard Mega Cap Growth ETF         96,070,141
             

410,367,663

    FIXED INCOME - 31.2%      
1,488,200   SPDR Bloomberg 1-3 Month T-Bill ETF         136,646,524
982,800   WisdomTree Floating Rate Treasury Fund         49,454,496
             

186,101,020

               
    TOTAL EXCHANGE-TRADED FUNDS (Cost $542,678,263)    

  596,468,683

               
    TOTAL INVESTMENTS - 99.9% (Cost $542,678,263)     $ 596,468,683
    OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1%    

743,722

    NET ASSETS - 100.0%        

$ 597,212,405

           
               
 

 

 

 

 

ETF  - Exchange-Traded Fund
SPDR  - Standard & Poor's Depositary Receipt

 
 

 

HCM DYNAMIC INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2023
 
Shares             Fair Value
    EXCHANGE-TRADED FUNDS — 89.1%      
    FIXED INCOME - 89.1%      
389,150   iShares Convertible Bond ETF       $ 28,878,822
296,900   iShares iBoxx High Yield Corporate Bond ETF         21,887,468
18,500   iShares JP Morgan USD Emerging Markets Bond ETF         1,526,620
145,700   SPDR Bloomberg 1-3 Month T-Bill ETF         13,378,174
423,800   SPDR Bloomberg Convertible Securities ETF         28,733,640
253,200   SPDR Bloomberg High Yield Bond ETF         22,889,280
    TOTAL EXCHANGE-TRADED FUNDS (Cost $117,996,821)    

117,294,004

               
    TOTAL INVESTMENTS - 89.1% (Cost $117,996,821)     $ 117,294,004
    OTHER ASSETS IN EXCESS OF LIABILITIES - 10.9%    

14,411,350

    NET ASSETS - 100.0%        

$ 131,705,354

           
               
 

 

 

ETF  - Exchange-Traded Fund
SPDR  - Standard & Poor's Depositary Receipt