NPORT-EX 2 westhillsnportex.htm NPORT-EX




Schedule of Investments

March 31, 2022 (unaudited)

West Hills Tactical Core Fund

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares or Principal

 

 

Security Description

 

 

Amount ($)

 

Fair Value ($)(1)

 

 

 

 

 

 

 

 

 

 

 

 

Exchanged Traded Funds - 98.78% (4)

 

 

 

 

SPDR S&P 500 ETF Trust (2)

14,275

 

6,447,161

 

 

 

 

 

 

 

 

Total Exchange Traded Funds

(Cost $               5,665,517)

 

6,447,161

 

 

 

 

Money Market Registered Investment Companies - 0.57%

 

 

 

 

Federated Hermes Treasury Obligations Fund - Service Shares, 0.01% (3)

36,939

 

36,939

 

 

 

 

Total Money Market Registered Investment Companies

(Cost $                    36,939)

 

36,939

 

 

 

 

Total Investments - 99.88%

(Cost $               5,767,795)

 

6,518,670

 

 

 

 

Other Assets in Excess of Liabilities  (.12%)

 

 

7,973

 

 

 

 

Total Net Assets - 100.00%

 

 

6,526,643

 

 

 

 

Options

 

 

 

 

 

 

 

Long (Short)

 

Notional Value of

 

Fair

 

Contracts

Expiration Date

Contracts ($)

 

Value ($)

 

 

 

 

 

 

 

 

 

 

 

 

Put Options

 

 

 

 

 

SPDR S&P 500 ETF Trust, Strike $435.00

12

4/1/2022

522,000

 

48

SPDR S&P 500 ETF Trust, Strike $420.00

12

4/8/2022

504,000

 

264

SPDR S&P 500 ETF Trust, Strike $436.00

12

4/14/2022

523,200

 

2,304

SPDR S&P 500 ETF Trust, Strike $450.00

11

4/29/2022

495,000

 

8,206

SPDR S&P 500 ETF Trust, Strike $445.00

12

5/6/2022

534,000

 

9,180

SPDR S&P 500 ETF Trust, Strike $448.00

12

5/13/2022

537,600

 

9,060

 

 

 

 

 

 

 

71

 

3,115,800

 

29,062

 

 

 

 

 

 

Call Options

 

 

 

 

 

SPDR S&P 500 ETF Trust, Strike $443.00

12

4/22/2022

531,600

 

5,508

 

 

 

 

 

 

 

 

 

 

 

 

 

12

 

531,600

 

5,508

Call Options Written

 

 

 

 

 

SPDR S&P 500 ETF Trust, Strike $455.00

(22)

4/8/2022

(1,001,000)

 

(7,612)

SPDR S&P 500 ETF Trust, Strike $460.00

(22)

4/14/2022

(1,012,000)

 

(5,896)

SPDR S&P 500 ETF Trust, Strike $465.00

(22)

4/22/2022

(1,023,000)

 

(4,400)

SPDR S&P 500 ETF Trust, Strike $455.00

(22)

4/29/2022

(1,001,000)

 

(16,676)

SPDR S&P 500 ETF Trust, Strike $465.00

(22)

5/6/2022

(1,023,000)

 

(9,482)

SPDR S&P 500 ETF Trust, Strike $475.00

(22)

5/13/2022

(1,045,000)

 

(5,016)

 

 

 

 

 

 

 

(132)

 

(6,105,000)

 

(49,082)

 

 

 

 

 

 

Put Options Written

 

 

 

 

 

SPDR S&P 500 ETF Trust, Strike $400.00

(12)

4/1/2022

(480,000)

 

(12)

SPDR S&P 500 ETF Trust, Strike $385.00

(12)

4/8/2022

(462,000)

 

(72)

SPDR S&P 500 ETF Trust, Strike $390.00

(12)

4/14/2022

(468,000)

 

(324)

SPDR S&P 500 ETF Trust, Strike $390.00

(12)

4/22/2022

(468,000)

 

(444)

SPDR S&P 500 ETF Trust, Strike $380.00

(11)

4/29/2022

(418,000)

 

(528)

SPDR S&P 500 ETF Trust, Strike $400.00

(12)

5/6/2022

(480,000)

 

(1,608)

SPDR S&P 500 ETF Trust, Strike $415.00

(12)

5/13/2022

(498,000)

 

(3,564)

 

 

 

 

 

 

 

(83)

 

(3,274,000)

 

(6,552)

 

 

 

 

 

 

Total Options

 

 

 

 

(Cost $                   10,757)

 

(26,572)

 

 

 

 

 

 

 

 

(1)  Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments.

       These inputs are summarized in the three broad levels listed below.

        • Level 1 - quoted prices in active markets for identical securities

        • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

        • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

 

       The following is a summary of the inputs used as of March 31, 2022 in valuing the Fund's assets carried at fair value:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in

 

Other Financial

Valuation Inputs

 

 

 

Securities

 

Instruments (5)

Level 1 - Quoted Prices

 

 

$

6,518,670

$

0

Level 2 - Other Significant Observable Inputs

 

 

-

 

-

Level 3 - Significant Unobservable Inputs

 

 

-

 

-

Total

 

 

 

$

6,518,670

$

0

 

 

 

 

 

 

 

 

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term

debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment

Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active

market, such securities are reflected as Level 2.

 

 

 

 

 

 

 

 

(2)  Represents non-income producing securities.

(3) Variable rate security; the coupon rate shown represents the yield at March 31, 2022.

(4)  Exchange-traded fund.