F/M OPPORTUNISTIC ETF
|
||||||||||||||
PORTFOLIO OF INVESTMENTS
|
||||||||||||||
NOVEMBER 30, 2023 (Unaudited)
|
||||||||||||||
CORPORATE BONDS — 94.7%
|
COUPON *
|
MATURITY DATE
|
PAR (000'S)
|
VALUE
|
||||||||||
Communication Services — 5.1%
|
||||||||||||||
Paramount Global
|
4.950
|
%
|
1/15/2031
|
$
|
1,560
|
$
|
1,412,750
|
|||||||
Consumer Discretionary — 5.1%
|
||||||||||||||
Ford Motor Co.
|
3.250
|
%
|
2/12/2032
|
1,753
|
1,398,228
|
|||||||||
Energy — 10.2%
|
||||||||||||||
Cheniere Energy Partners LP
|
4.500
|
%
|
10/1/2029
|
1,461
|
1,362,968
|
|||||||||
Kinder Morgan, Inc.
|
5.500
|
%
|
6/1/2045
|
1,531
|
1,384,947
|
|||||||||
Phillips 66 Partners LP
|
3.605
|
%
|
2/15/2025
|
60
|
57,659
|
|||||||||
2,805,574
|
||||||||||||||
Finance and Insurance — 4.7%
|
||||||||||||||
Nationwide Financial Services, Inc.
|
6.750
|
%
|
5/15/2037
|
1,396
|
1,287,176
|
|||||||||
Financials — 14.7%
|
||||||||||||||
Bank of America Corp.
|
5.875
|
%
|
9/15/2028
|
1,446
|
1,323,118
|
|||||||||
First Horizon Corp.
|
4.000
|
%
|
5/26/2025
|
1,430
|
1,362,320
|
|||||||||
JPMorgan Chase & Co.
|
4.600
|
%
|
5/1/2169
|
1,453
|
1,394,655
|
|||||||||
4,080,093
|
||||||||||||||
Health Care — 5.0%
|
||||||||||||||
Viatris, Inc.
|
3.850
|
%
|
6/22/2040
|
1,980
|
1,372,542
|
|||||||||
Industrials — 5.0%
|
||||||||||||||
Concentrix Corp.
|
6.600
|
%
|
8/2/2028
|
1,396
|
1,394,531
|
|||||||||
Information Technology — 14.9%
|
||||||||||||||
Autodesk, Inc.
|
2.400
|
%
|
12/15/2031
|
1,697
|
1,392,010
|
|||||||||
Kyndryl Holdings, Inc.
|
2.700
|
%
|
10/15/2028
|
1,626
|
1,380,213
|
|||||||||
VeriSign, Inc.
|
4.750
|
%
|
7/15/2027
|
1,409
|
1,367,068
|
|||||||||
4,139,291
|
||||||||||||||
Manufacturing — 10.1%
|
||||||||||||||
Celanese US Holdings LLC
|
6.330
|
%
|
7/15/2029
|
1,373
|
1,398,345
|
|||||||||
Dell, Inc.
|
6.500
|
%
|
4/15/2038
|
1,329
|
1,378,234
|
|||||||||
2,776,579
|
||||||||||||||
Materials — 10.1%
|
||||||||||||||
Steel Dynamics, Inc.
|
5.000
|
%
|
12/15/2026
|
1,385
|
1,376,927
|
|||||||||
Yamana Gold, Inc.
|
2.630
|
%
|
8/15/2031
|
1,751
|
1,415,558
|
|||||||||
2,792,485
|
||||||||||||||
Professional, Scientific, and Technical Services — 4.9%
|
||||||||||||||
Leidos, Inc.
|
5.750
|
%
|
3/15/2033
|
1,357
|
1,351,470
|
|||||||||
Utilities — 4.9%
|
||||||||||||||
Florida Power & Light Co.
|
3.800
|
%
|
12/15/2042
|
1,696
|
1,361,100
|
|||||||||
TOTAL CORPORATE BONDS (COST $25,732,467)
|
26,171,819
|
|||||||||||||
MUNICIPAL BONDS — 0.2%
|
COUPON *
|
MATURITY DATE
|
PAR (000'S)
|
VALUE
|
||||||||||
US Municipal — 0.2%
|
||||||||||||||
New Hampshire Business Finance Authority
|
3.250
|
%
|
4/1/2028
|
30
|
25,842
|
|||||||||
New Hampshire Business Finance Authority
|
3.961
|
%
|
10/1/2031
|
40
|
33,166
|
|||||||||
TOTAL US MUNICIPAL (COST
$56,323)
|
59,008
|
|||||||||||||
NUMBER OF
SHARES
|
VALUE
|
|||||||||||||
EXCHANGE TRADED FUNDS — 3.1%
|
||||||||||||||
US Treasury 3 Month Bill ETF
|
16,920
|
847,184
|
||||||||||||
TOTAL EXCHANGE TRADED FUNDS (COST $844,308)
|
847,184
|
|||||||||||||
NUMBER OF
SHARES (000'S)
|
||||||||||||||
SHORT-TERM INVESTMENTS — 0.6%
|
||||||||||||||
Money Market Deposit Accounts — 0.6%
|
||||||||||||||
U.S. Bank Money Market Deposit Account, 5.20% (a)
|
168
|
167,598
|
||||||||||||
TOTAL MONEY MARKET DEPOSIT ACCOUNTS (COST $167,598)
|
167,598
|
|||||||||||||
TOTAL SHORT-TERM INVESTMENTS (COST $167,598)
|
167,598
|
|||||||||||||
TOTAL INVESTMENTS (COST $26,800,696) — 98.6%
|
27,245,609
|
|||||||||||||
OTHER ASSETS IN EXCESS OF LIABILITIES — 1.4%
|
375,620
|
|||||||||||||
TOTAL NET ASSETS — 100.0%
|
$
|
27,621,229
|
||||||||||||
Percentages are stated as a percent of net assets.
|
ETF Exchange Traded Fund
|
*
|
Short-term investments' coupon reflects the annualized yield on the date of purchase for discounted investments.
|
(a)
|
The rate shown is as of November 30, 2023.
|
Level 1 -
|
Prices are determined using quoted prices in active markets for identical securities.
|
Level 2 -
|
Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest
rates, prepayment speeds, credit risk, etc.).
|
Level 3 -
|
Prices are determined using significant unobservable inputs (including the Fund’s own assumptions in determining the fair value
of investments).
|
F/M OPPORTUNISTIC ETF
|
|
|||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
TOTAL
|
|
|
LEVEL 1
|
|
|
LEVEL 2
|
|
|
LEVEL 3
|
|
||||
Fixed Income Securities
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Corporate Bonds
|
|
$
|
26,171,819
|
$
|
–
|
|
|
$
|
26,171,819
|
|
|
$
|
–
|
|
||
Municipal Bonds
|
59,008
|
– |
59,008
|
– | ||||||||||||
Total Fixed Income Securities
|
|
$
|
26,230,827
|
$
|
–
|
|
|
$
|
26,230,827
|
|
|
$
|
–
|
|
||
Investment Company
|
||||||||||||||||
Exchange Traded Funds
|
847,184
|
847,184
|
– | – | ||||||||||||
Total Investment Company
|
$ |
847,184
|
$ |
847,184
|
$ |
– | $ |
– | ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Short-Term Investments
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Money Market Deposit Accounts
|
|
$
|
167,598
|
$
|
167,598
|
|
|
$
|
–
|
|
|
$
|
–
|
|
||
Total Short-Term Investments
|
|
$
|
167,598
|
$
|
167,598
|
|
|
$
|
–
|
|
|
$
|
–
|
|
* Please refer to Portfolio of Investments for further details.
|