NPORT-EX 2 ultimus_1281.htm
Sound
Mind
Investing
Fund
Schedule
of
Investments
January
31,
2023
-
(Unaudited)
EXCHANGE-TRADED
FUNDS
—
37.56%
Shares
Fair
Value
Energy
Select
Sector
SPDR®
Fund
5,260‌
$
473,032‌
Invesco
S&P
Ultra
Dividend
Revenue
ETF
233,660‌
10,881,546‌
iShares
S&P
500®
Value
ETF
146,180‌
22,684,212‌
iShares
U.S.
Aerospace
&
Defense
ETF
4,050‌
464,414‌
SPDR®
Bloomberg
1-3
Month
T-Bill
ETF
85,430‌
7,836,494‌
SPDR®
S&P
Oil
&
Gas
Equipment
&
Services
ETF
6,200‌
542,934‌
Total
Exchange-Traded
Funds
Cost
($41,335,957)
42,882,632‌
MUTUAL
FUNDS
—
0.24%
Akre
Focus
Fund,
Institutional
Class
101‌
5,266‌
AllianzGI
Dividend
Value
Fund
200‌
2,154‌
AllianzGI
NFJ
Small-Cap
Value
Fund
162‌
2,482‌
American
Century
Equity
Income
Fund,
Investor
Class
100‌
895‌
American
Century
International
Opportunities
Fund,
Institutional
Class
(a)
360‌
3,298‌
AMG
Yacktman
Focused
Fund,
Institutional
Class
100‌
1,923‌
AMG
Yacktman
Fund,
Institutional
Class
100‌
2,240‌
Artisan
International
Small
Cap
Fund,
Investor
Class
(a)
100‌
1,669‌
Artisan
International
Value
Fund,
Investor
Class
150‌
6,300‌
Artisan
Mid
Cap
Value
Fund,
Investor
Class
279‌
4,765‌
Artisan
Small
Cap
Fund,
Investor
Class
125‌
3,995‌
BlackRock
International
Opportunities
Portfolio,
Institutional
Class
100‌
3,316‌
BNY
Mellon
Opportunistic
Small
Cap
Fund,
Investor
Class
100‌
3,104‌
Bridgeway
Ultra-Small
Company
Market
Fund,
Class
N
100‌
1,163‌
Buffalo
Small
Cap
Fund,
Inc.,
Investor
Class
(a)
150‌
2,210‌
Champlain
Small
Company
Fund,
Institutional
Class
100‌
2,145‌
Chartwell
Small
Cap
Value
Fund
118‌
2,253‌
Columbia
Acorn
Fund,
Institutional
Class
(a)
137‌
1,347‌
Columbia
Acorn
International,
Institutional
Class
(a)
100‌
2,368‌
Columbia
Contrarian
Core
Fund,
Institutional
Class
91‌
2,398‌
Columbia
Small
Cap
Growth
Fund
I,
Institutional
Class
(a)
100‌
2,017‌
Davis
Opportunity
Fund,
Class
Y
100‌
3,889‌
Delaware
Select
Growth
Fund,
Institu
tional
Class
(a)
100‌
2,330‌
Delaware
Small
Cap
Value
Fund,
Institutional
Class
100‌
7,452‌
Delaware
Value
Fund,
Institutional
Class
144‌
2,742‌
DFA
International
Small
Cap
Value
Portfolio,
Institutional
Class
100‌
2,038‌
DFA
International
Small
Company
Portfolio,
Institutional
Class
100‌
1,886‌
DFA
U.S.
Small
Cap
Value
Portfolio,
Institutional
Class
100‌
4,268‌
Fidelity
Mid-Cap
Stock
Fund
150‌
6,014‌
Fidelity
Small
Cap
Discovery
Fund
100‌
2,530‌
Fidelity
Small
Cap
Stock
Fund
150‌
2,382‌
Fidelity
Small
Cap
Value
Fund
150‌
2,933‌
Franklin
Small
Cap
Value
Fund,
Advisor
Class
100‌
5,849‌
Hartford
International
Opportunities
Fund
(The),
Class
Y
248‌
4,398‌
Heartland
Value
Fund
100‌
4,421‌
Hennessy
Cornerstone
Mid
Cap
30
Fund,
Institutional
Class
100‌
1,884‌
Hennessy
Focus
Fund,
Investor
Class
50‌
2,506‌
Invesco
American
Value
Fund,
Class
Y
141‌
4,423‌
Invesco
Oppenheimer
International
Small-Mid
Company
Fund,
Class
Y
100‌
4,179‌
Sound
Mind
Investing
Fund
Schedule
of
Investments
(continued)
January
31,
2023
-
(Unaudited)
MUTUAL
FUNDS
—
0.24%
-
continued
Janus
Henderson
Contrarian
Fund,
Class
T
100‌
$
2,529‌
Janus
Henderson
Mid
Cap
Value
Fund,
Class
T
200‌
3,210‌
Janus
Henderson
Overseas
Fund,
Class
T
100‌
4,313‌
Janus
Henderson
Venture
Fund,
Class
T
100‌
7,664‌
JOHCM
International
Select
Fund,
Institutional
Class
100‌
2,164‌
JPMorgan
Mid
Cap
Value
Fund,
Institutional
Class
100‌
3,678‌
JPMorgan
Small
Cap
Equity
Fund,
Select
Class
100‌
5,529‌
JPMorgan
Small
Cap
Growth
Fund,
Class
L
(a)
100‌
1,897‌
JPMorgan
U.S.
Research
Enhanced
Equity
Fund,
Institutional
Class
100‌
3,108‌
Longleaf
Partners
Fund
150‌
3,156‌
Longleaf
Partners
International
Fund
150‌
2,333‌
Longleaf
Partners
Small-Cap
Fund
100‌
2,337‌
Lord
Abbett
Developing
Growth
Fund,
Inc.,
Institutional
Class
(a)
100‌
2,417‌
Miller
Opportunity
Trust,
Institutional
Class
100‌
2,904‌
Morgan
Stanley
Discovery
Portfolio,
Institutional
Class
(a)
100‌
1,210‌
Morgan
Stanley
Growth
Portfolio,
Institutional
Class
(a)
100‌
3,013‌
Neuberger
Berman
Genesis
Fund,
Institutional
Class
100‌
5,907‌
Nicholas
Fund,
Inc.
(a)
50‌
3,687‌
Oakmark
International
Fund,
Investor
Class
150‌
3,923‌
Oakmark
International
Small
Cap
Fund,
Institutional
Class
150‌
2,739‌
Oakmark
Select
Fund,
Institutional
Class
150‌
8,539‌
PRIMECAP
Odyssey
Aggressive
Growth
Fund
(a)
100‌
4,058‌
Principal
SmallCap
Growth
Fund
I,
Institutional
Class
(a)
200‌
2,646‌
Prudential
Jennison
International
Opportunities,
Class
Z
185‌
4,832‌
Royce
Micro-Cap
Fund,
Investment
Class
106‌
1,155‌
Royce
Opportunity
Fund,
Investment
Class
318‌
4,761‌
Royce
Premier
Fund,
Investment
Class
300‌
3,378‌
Royce
Special
Equity
Fund,
Institutional
Class
150‌
2,502‌
T.
Rowe
Price
International
Discovery
Fund,
Investor
Class
75‌
4,634‌
T.
Rowe
Price
Mid-Cap
Growth
Fund,
Investor
Class
50‌
4,796‌
T.
Rowe
Price
New
Horizons
Fund,
Investor
Class
100‌
5,082‌
T.
Rowe
Price
Small-Cap
Value
Fund,
Investor
Class
100‌
5,248‌
Thornburg
Value
Fund,
Institutional
Class
100‌
6,637‌
TIAA-CREF
International
Equity
Fund,
Institutional
Class
100‌
1,225‌
Touchstone
Sands
Capital
Select
Growth
Fund,
Class
Y
(a)
100‌
1,094‌
Tweedy
Browne
International
Value
Fund
150‌
4,046‌
Vanguard
Strategic
Equity
Fund,
Investor
Class
100‌
3,347‌
Victory
RS
Small
Cap
Growth
Fund,
Class
Y
100‌
5,154‌
Wasatch
International
Growth
Fund,
Investor
Class
(a)
150‌
3,609‌
Wasatch
Micro
Cap
Fund,
Investor
Class
(a)
100‌
632‌
Total
Mutual
Funds
Cost
($227,174)
268,525‌
MONEY
MARKET
FUNDS
-
62.09%
Fidelity
Investments
Money
Market
Government
Portfolio,
Institutional
Class,
4.24%
(b)
(c)
70,890,625‌
70,890,625‌
Total
Money
Market
Funds
(Cost
$70,890,625)
70,890,625‌
Sound
Mind
Investing
Fund
Schedule
of
Investments
(continued)
January
31,
2023
-
(Unaudited)
Total
Investments
—
99.89%
(Cost
$112,453,756)
$
114,041,782‌
Other
Assets
in
Excess
of
Liabilities — 0.11%
129,134‌
NET
ASSETS
—
100.00%
$
114,170,916‌
(a)
Non-income
producing
security.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
January
31,
2023.
(c)
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
January
31,
2023,
the
percentage
of
net
assets
invested
in
Fidelity
Investments
Money
Market
Government
Portfolio
were
62.09%
of
the
Fund.
ETF
-
Exchange-Traded
Fund
SPDR
-
Standard
&
Poor's
Depositary
Receipt
SMI
Dynamic
Allocation
Fund
Schedule
of
Investments
January
31,
2023
-
(Unaudited)
EXCHANGE-TRADED
FUNDS
—
34.45%
Shares
Fair
Value
iShares
MSCI
EAFE
ETF
(a)
426,360‌
$
30,506,058‌
Total
Exchange-Traded
Funds
Cost
($28,641,746)
30,506,058‌
MUTUAL
FUNDS
—
4.63%
Gold
Bullion
Strategy
Fund
(The),
Investor
Class
(b)
183,604‌
4,105,380‌
Total
Mutual
Funds
(Cost $4,300,000)
4,105,380‌
CLOSED
END
FUNDS
—
25.92%
Sprott
Physical
Gold
Trust
(a)
(b)
1,536,990‌
22,962,631‌
Total
Closed
End
Funds
Cost
($22,662,255)
22,962,631‌
MONEY
MARKET
FUNDS
-
34.96%
Fidelity
Investments
Money
Market
Government
Portfolio,
Institutional
Class,
4.24%
(a)
(c)
30,966,291‌
30,966,291‌
Total
Money
Market
Funds
(Cost
$30,966,291)
30,966,291‌
Total
Investments
—
99.96%
(Cost
$86,570,292)
88,540,360‌
Other
Assets
in
Excess
of
Liabilities — 0.04%
36,510‌
NET
ASSETS
—
100.00%
$
88,576,870‌
(a)
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
January
31,
2023,
the
percentage
of
net
assets
invested
in
iShares
MSCI
EAFE
ETF,
Sprott
Physical
Gold
Trust
and
Fidelity
Investments
Money
Market
Government
Portfolio
were
34.45
%,
25.92%
and
34.96%
of
the
Fund,
respectively.
(b)
Non-income
producing
security.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
January
31,
2023.
ETF
-
Exchange-Traded
Fund
SMI
Multi-Strategy
Fund
Schedule
of
Investments
January
31,
2023
-
(Unaudited)
EXCHANGE-TRADED
FUNDS
—
39.45%
Shares
Fair
Value
Energy
Select
Sector
SPDR®
Fund
32,090‌
$
2,885,854‌
Invesco
S&P
Ultra
Dividend
Revenue
ETF
53,860‌
2,508,260‌
iShares
MSCI
EAFE
ETF
138,580‌
9,915,399‌
iShares
S&P
500®
Value
ETF
32,050‌
4,973,519‌
iShares
U.S.
Aerospace
&
Defense
ETF
6,070‌
696,047‌
SPDR®
Bloomberg
1-3
Month
T-Bill
ETF
13,200‌
1,210,836‌
SPDR®
S&P
Oil
&
Gas
Equipment
&
Services
ETF
9,060‌
793,384‌
Total
Exchange-Traded
Funds
Cost
($21,348,325)
22,983,299‌
MUTUAL
FUNDS
—
1.32%
AMG
Yacktman
Focused
Fund,
Institutional
Class
100‌
1,923‌
Fidelity
Select
Energy
Portfolio
12,853‌
752,657‌
Invesco
International
Small-Mid
Company
Fund,
Class
Y
100‌
4,179‌
Longleaf
Partners
International
Fund
150‌
2,333‌
Lord
Abbett
Developing
Growth
Fund,
Inc.,
Institutional
Class
(a)
100‌
2,417‌
Miller
Opportunity
Trust,
Institutional
Class
100‌
2,904‌
Morgan
Stanley
Discovery
Portfolio,
Institutional
Class
(a)
100‌
1,210‌
Oakmark
International
Fund,
Investor
Class
50‌
1,308‌
Wasatch
International
Growth
Fund,
Investor
Class
(a)
100‌
2,406‌
Total
Mutual
Funds
Cost
($560,423)
771,337‌
CLOSED
END
FUNDS
—
17.11%
Sprott
Physical
Gold
Trust
(a)
667,452‌
9,971,733‌
Total
Closed
End
Funds
Cost
($9,972,044)
9,971,733‌
MONEY
MARKET
FUNDS
-
42.03%
Fidelity
Investments
Money
Market
Government
Portfolio,
Institutional
Class,
4.24%
(b)
(c)
24,495,488‌
24,495,488‌
Total
Money
Market
Funds
(Cost
$24,495,488)
24,495,488‌
Total
Investments
—
99.91%
(Cost
$56,376,280)
58,221,857‌
Other
Assets
in
Excess
of
Liabilities — 0.09%
54,428‌
NET
ASSETS
—
100.00%
$
58,276,285‌
(a)
Non-income
producing
security.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
January
31,
2023.
(c)
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
January
31,
2023,
the
percentage
of
net
assets
invested
in
Fidelity
Investments
Money
Market
Government
Portfolio
were
42.03
%
of
the
Fund.
ETF
-
Exchange-Traded
Fund
SPDR
-
Standard
&
Poor's
Depositary
Receipt