0001387131-22-005359.txt : 20220427 0001387131-22-005359.hdr.sgml : 20220427 20220427092205 ACCESSION NUMBER: 0001387131-22-005359 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220228 FILED AS OF DATE: 20220427 PERIOD START: 20220531 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Starboard Investment Trust CENTRAL INDEX KEY: 0001464413 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-22298 FILM NUMBER: 22856683 BUSINESS ADDRESS: STREET 1: 116 SOUTH FRANKLIN STREET STREET 2: POST OFFICE BOX 69 CITY: ROCKY MOUNT STATE: NC ZIP: 27802-0069 BUSINESS PHONE: 252-972-9922 EXT.249 MAIL ADDRESS: STREET 1: 116 SOUTH FRANKLIN STREET STREET 2: POST OFFICE BOX 69 CITY: ROCKY MOUNT STATE: NC ZIP: 27802-0069 0001464413 S000072158 Adaptive High Income ETF C000227948 Adaptive High Income ETF AHHX NPORT-P 1 primary_doc.xml NPORT-P false 0001464413 XXXXXXXX S000072158 C000227948 Starboard Investment Trust 811-22298 0001464413 549300IGQEISLESO0528 116 South Franklin Street Rocky Mount 27804 252-972-9922 Adaptive High Income ETF S000072158 549300G9B7MO43BXQZ45 2022-05-31 2022-02-28 N 59205489.83 42843.8 59162646.03 0 0 0 0 0 0 0 0 0 0 0 0 0 0 USD N APA 6% 01/15/3 72ZZ1XRHOOU9P9X16K08 CORPBOND 037411AR6 525000 NS USD 578812.5 0.01 Long DBT CORP US N 2 2037-01-15 Fixed 6 N N N N N N APA 5.1% 09/01/40 72ZZ1XRHOOU9P9X16K08 CORPBOND 037411AW5 1305000 NS USD 1301737.5 0.02 Long DBT CORP US N 2 2040-09-01 Fixed 5.1 N N N N N N APACHE CORP 72ZZ1XRHOOU9P9X16K08 CORPBOND 037411BA2 520000 NS USD 495300 0.01 Long DBT CORP US N 2 2043-04-15 Fixed 4.75 N N N N N N APACHE CORP 72ZZ1XRHOOU9P9X16K08 CORPBOND 037411BE4 635000 NS USD 641350 0.01 Long DBT CORP US N 2 2028-10-15 Fixed 4.38 N N N N N N APACHE CORP 72ZZ1XRHOOU9P9X16K08 CORPBOND 037411BF1 500000 NS USD 497500 0.01 Long DBT CORP US N 2 2030-01-15 Fixed 4.25 N N N N N N CARE CAPITAL 549300OVKLRFSIQG0H81 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MOTOR CRED UDSQCVRUX5BONN0VY111 CORPBOND 345397YT4 205000 NS USD 203271.03 0 Long DBT CORP US N 2 2027-11-02 Fixed 3.82 N N N N N N FORD MOTOR CRED UDSQCVRUX5BONN0VY111 CORPBOND 345397ZJ5 135000 NS USD 139380.89 0 Long DBT CORP US N 2 2025-06-09 Fixed 4.69 N N N N N N FORD MOTOR CRED UDSQCVRUX5BONN0VY111 CORPBOND 345397ZQ9 210000 NS USD 219287.04 0 Long DBT CORP US N 2 2024-03-18 Fixed 5.58 N N N N N N FORD MOTOR CRED UDSQCVRUX5BONN0VY111 CORPBOND 345397ZR7 195000 NS USD 207511.79 0 Long DBT CORP US N 2 2029-05-03 Fixed 5.11 N N N N N N FORD MOTOR CRED UDSQCVRUX5BONN0VY111 CORPBOND 345397ZW6 215000 NS USD 221159.54 0 Long DBT CORP US N 2 2026-08-01 Fixed 4.54 N N N N N N HEXCEL CORP S6Q7LW43WUBUHXY2QP69 CORPBOND 428291AN8 515000 NS USD 529965.39 0.01 Long DBT CORP US N 2 2027-02-15 Fixed 3.95 N N N N N N HYATT HOTELS T27JQIMTYSH41TCD5186 CORPBOND 448579AF9 580000 NS USD 614985.6 0.01 Long DBT CORP US N 2 2026-03-15 Fixed 4.85 N N N N N N HYATT HOTELS T27JQIMTYSH41TCD5186 CORPBOND 448579AG7 430000 NS USD 447255.9 0.01 Long DBT CORP US N 2 2028-09-15 Fixed 4.38 N N N N N N HYATT HOTELS T27JQIMTYSH41TCD5186 CORPBOND 448579AH5 655000 NS USD 709006.06 0.01 Long DBT CORP US N 2 2025-04-23 Fixed 5.38 N N N N N N HYATT HOTELS T27JQIMTYSH41TCD5186 CORPBOND 448579AJ1 450000 NS USD 515763 0.01 Long DBT CORP US N 2 2030-04-23 Fixed 5.75 N N N N N N HYATT HOTELS T27JQIMTYSH41TCD5186 CORPBOND 448579AL6 525000 NS USD 517488.3 0.01 Long DBT CORP US N 2 2023-10-01 Fixed 1.3 N N N N N N HYATT HOTELS T27JQIMTYSH41TCD5186 CORPBOND 448579AN2 755000 NS USD 743113.28 0.01 Long DBT CORP US N 2 2024-10-01 Fixed 1.8 N N N N N N KRAFT FOODS GROU 5493003STKEZ2S0RNU91 CORPBOND 50076QAE6 605000 NS USD 669443.39 0.01 Long DBT CORP US N 2 2042-06-04 Fixed 5 N N N N N N KRAFT HEINZ FOOD 5493003STKEZ2S0RNU91 CORPBOND 50076QAN6 280000 NS USD 360005.24 0.01 Long DBT CORP US N 2 2040-02-09 Fixed 6.5 N N N N N N KRAFT FOODS GROU 5493003STKEZ2S0RNU91 CORPBOND 50076QAR7 320000 NS USD 422221.12 0.01 Long DBT CORP US N 2 2039-01-26 Fixed 6.88 N N N N N N KRAFT HEINZ FOOD 5493003STKEZ2S0RNU91 CORPBOND 50077LAB2 820000 NS USD 842934.58 0.01 Long DBT CORP US N 2 2046-06-01 Fixed 4.38 N N N N N N KRAFT HEINZ FOOD 5493003STKEZ2S0RNU91 CORPBOND 50077LAD8 630000 NS USD 631450.89 0.01 Long DBT CORP US N 2 2026-06-01 Fixed 3 N N N N N N KRAFT HEINZ FOOD 5493003STKEZ2S0RNU91 CORPBOND 50077LAL0 60000 NS USD 67373.28 0 Long DBT CORP US N 2 2035-07-15 Fixed 5 N N N N N N KRAFT HEINZ FOOD 5493003STKEZ2S0RNU91 CORPBOND 50077LAM8 725000 NS USD 820959.55 0.01 Long DBT CORP US N 2 2045-07-15 Fixed 5.2 N N N N N N NEWELL RUBBERMAI 549300LWGYFM1TVO1Z12 CORPBOND 651229AW6 1650000 NS USD 1705687.5 0.03 Long DBT CORP US N 2 2026-04-01 Fixed 4.2 N N N N N N NEWELL RUBBERMAI 549300LWGYFM1TVO1Z12 CORPBOND 651229AX4 595000 NS USD 652268.75 0.01 Long DBT CORP US N 2 2036-04-01 Fixed 5.38 N N N N N N NEWELL RUBBERMAI 549300LWGYFM1TVO1Z12 CORPBOND 651229AY2 705000 NS USD 790481.25 0.01 Long DBT CORP US N 2 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98310WAN8 510000 NS USD 530400 0.01 Long DBT CORP US N 2 2027-04-01 Fixed 4.5 N N N N N N ProShares Short High W4E5OYBUX8BV1ZKG2H85 ETF 74347R131 733124 NS USD 13159575.8 0.22 Long EC CORP US N 1 N N N Fidelity Investments 6X064LF7Y6B4DKF2GZ26 MONEYMKT 316175108 1848991.5 NS USD 1848991.46 0.03 Long STIV US N 1 N N N 2022-04-20 Starboard Investment Trust Ashley Lanham Ashley Lanham Principal Accounting Officer/Principal Financial Officer XXXX NPORT-EX 2 ahhx.htm
XTR_FUND
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LEGAL5
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LEI
854
Adaptive High Income ETF
037411AW
APA 5.1% 09/01/40
    
037411AW5
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
    
USD
US DOLLAR
9/1/2040
    
99.75
          
APA 5.1 09/01/40
          
5
2
6
5
N
True
66555.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
1305000.00
1426055.55
1424480.05
1301737.50
1301737.50
-122742.55
-122742.55
5.11
False
5.12
  
2.22
2.20
2.20
0.00
    
854
Adaptive High Income ETF
037411AR
APA 6% 01/15/3
    
037411AR6
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
    
USD
US DOLLAR
1/15/2037
    
110.25
          
APA 6 01/15/3
          
5
2
6
5
N
True
31500.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
525000.00
630956.30
628977.16
578812.50
578812.50
-50164.66
-50164.66
5.44
False
5.01
  
0.99
0.98
0.98
0.00
    
854
Adaptive High Income ETF
037411BA
APACHE CORP
4/15/2043 4.75%
  
037411BA2
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
4/15/2043
    
95.25
          
APACHE CORP
4/15/2043 4.75%
        
5
2
6
5
N
True
24700.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
520000.00
550621.25
550247.51
495300.00
495300.00
-54947.51
-54947.51
4.99
False
5.12
  
0.84
0.84
0.84
0.00
    
854
Adaptive High Income ETF
037411BE
APACHE CORP
10/15/2028 4.375%
  
037411BE4
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
10/15/2028
    
101.00
          
APACHE CORP
10/15/2028 4.375%
        
5
2
6
5
N
True
27781.25
  
L
N
    
3/1/2022
C
  
854;USD
USD
635000.00
671058.25
668902.37
641350.00
641350.00
-27552.37
-27552.37
4.33
False
4.20
  
1.09
1.08
1.08
0.00
    
854
Adaptive High Income ETF
037411BF
APACHE CORP
1/15/2030 4.25%
  
037411BF1
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
1/15/2030
    
99.50
          
APACHE CORP
1/15/2030 4.25%
        
5
2
6
5
N
True
21250.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
500000.00
530487.00
529125.94
497500.00
497500.00
-31625.94
-31625.94
4.27
False
4.32
  
0.85
0.84
0.84
0.00
    
854
Adaptive High Income ETF
14162VAB
CARE CAPITAL
8/15/2026 5.125%
  
14162VAB2
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
CA
CALIFORNIA
USD
US DOLLAR
8/15/2026
    
105.91
          
CARE CAPITAL
8/15/2026 5.125%
        
5
2
6
5
N
True
25625.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
500000.00
554888.30
551733.75
529532.00
529532.00
-22201.75
-22201.75
4.84
True
3.60
  
0.90
0.89
0.90
0.00
    
854
Adaptive High Income ETF
26884UAC
EPR PROPERTIES
12/15/2026 4.75%
  
26884UAC3
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
MO
MISSOURI
USD
US DOLLAR
12/15/2026
    
103.50
          
EPR PROPERTIES
12/15/2026 4.75%
        
5
2
6
5
N
True
32300.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
680000.00
733865.20
730271.69
703823.80
703823.80
-26447.89
-26447.89
4.59
False
3.94
  
1.20
1.19
1.19
0.00
    
854
Adaptive High Income ETF
26884UAD
EPR PROPERTIES
6/1/2027 4.5%
  
26884UAD1
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
MO
MISSOURI
USD
US DOLLAR
6/1/2027
    
101.75
          
EPR PROPERTIES
6/1/2027 4.5%
        
5
2
6
5
N
True
21375.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
475000.00
504797.00
502901.84
483335.78
483335.78
-19566.07
-19566.07
4.42
True
4.11
  
0.82
0.82
0.82
0.00
    
854
Adaptive High Income ETF
26884UAE
EPR PROPERTIES
4/15/2028 4.95%
  
26884UAE9
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
MO
MISSOURI
USD
US DOLLAR
4/15/2028
    
103.21
          
EPR PROPERTIES
4/15/2028 4.95%
        
5
2
6
5
N
True
30195.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
610000.00
660833.40
658341.33
629602.96
629602.96
-28738.37
-28738.37
4.80
True
4.32
  
1.07
1.06
1.06
0.00
    
854
Adaptive High Income ETF
26884UAF
EPR PROPERTIES
8/15/2029 3.75%
  
26884UAF6
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
MO
MISSOURI
USD
US DOLLAR
8/15/2029
    
95.88
          
EPR PROPERTIES
8/15/2029 3.75%
        
5
2
6
5
N
True
20437.50
  
L
N
    
3/1/2022
C
  
854;USD
USD
545000.00
546617.65
546595.22
522518.75
522518.75
-24076.47
-24076.47
3.91
False
4.40
  
0.89
0.88
0.88
0.00
    
854
Adaptive High Income ETF
26884LAF
EQT CORP
10/1/2027 3.9%
  
26884LAF6
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
PA
PENNSYLVANIA
USD
US DOLLAR
10/1/2027
    
101.00
          
EQT CORP
10/1/2027 3.9%
        
5
2
6
5
N
True
30615.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
785000.00
835674.00
832449.38
792850.00
792850.00
-39599.38
-39599.38
3.86
False
3.70
  
1.35
1.34
1.34
0.00
    
854
Adaptive High Income ETF
337932AC
FIRSTENERGY CORP
11/15/2031 7.375%
  
337932AC1
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
OH
OHIO
USD
US DOLLAR
11/15/2031
    
125.02
          
FIRSTENERGY CORP
11/15/2031 7.375%
        
5
2
6
5
N
True
70062.50
  
L
N
    
3/1/2022
C
  
854;USD
USD
950000.00
1315924.00
1301882.73
1187642.50
1187642.50
-114240.23
-114240.23
5.90
False
4.21
  
2.03
2.01
2.01
0.00
    
854
Adaptive High Income ETF
337932AH
FIRSTENERGY CORP
7/15/2027 3.90%
  
337932AH0
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
OH
OHIO
USD
US DOLLAR
7/15/2027
    
103.59
          
FIRSTENERGY CORP
7/15/2027 3.90%
        
5
2
6
5
N
True
44070.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
1130000.00
1245950.70
1237644.77
1170571.52
1170571.52
-67073.25
-67073.25
3.76
True
3.14
  
2.00
1.98
1.98
0.00
    
854
Adaptive High Income ETF
337932AJ
FIRSTENERGY CORP
7/15/2047 4.85%
  
337932AJ6
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
OH
OHIO
USD
US DOLLAR
7/15/2047
    
104.73
          
FIRSTENERGY CORP
7/15/2047 4.85%
        
5
2
6
5
N
True
30555.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
630000.00
774190.35
772683.85
659778.84
659778.84
-112905.01
-112905.01
4.63
True
4.53
  
1.13
1.11
1.12
0.00
    
854
Adaptive High Income ETF
337932AL
FIRSTENERGY CORP
3/1/2030 2.65%
  
337932AL1
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
OH
OHIO
USD
US DOLLAR
3/1/2030
    
93.79
          
FIRSTENERGY CORP
3/1/2030 2.65%
        
5
2
6
5
N
True
10997.50
  
L
N
    
3/1/2022
C
  
854;USD
USD
415000.00
419298.75
419026.35
389227.26
389227.26
-29799.10
-29799.10
2.83
False
3.55
  
0.66
0.66
0.66
0.00
    
854
Adaptive High Income ETF
337932AM
FIRSTENERGY CORP
3/1/2050 3.4%
  
337932AM9
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
OH
OHIO
USD
US DOLLAR
3/1/2050
    
86.15
          
FIRSTENERGY CORP
3/1/2050 3.4%
        
5
2
6
5
N
True
22100.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
650000.00
646402.95
646433.54
559971.10
559971.10
-86462.44
-86462.44
3.95
False
4.25
  
0.96
0.95
0.95
0.00
    
854
Adaptive High Income ETF
337932AP
FIRSTENERGY CORP
9/1/2030 2.25%
  
337932AP2
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
OH
OHIO
USD
US DOLLAR
9/1/2030
    
90.82
          
FIRSTENERGY CORP
9/1/2030 2.25%
        
5
2
6
5
N
True
4837.50
  
L
N
    
3/1/2022
C
  
854;USD
USD
215000.00
207827.15
208022.21
195263.00
195263.00
-12759.21
-12759.21
2.48
False
3.51
  
0.33
0.33
0.33
0.00
    
854
Adaptive High Income ETF
343412AF
FLUOR CORP
9/15/2028 4.25%
  
343412AF9
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
9/15/2028
    
97.13
          
FLUOR CORP
9/15/2028 4.25%
        
5
2
6
5
N
True
24437.50
  
L
N
    
3/1/2022
C
  
854;USD
USD
575000.00
598489.50
597185.50
558468.75
558468.75
-38716.75
-38716.75
4.38
False
4.77
  
0.95
0.94
0.94
0.00
    
854
Adaptive High Income ETF
345370BY
FORD MOTOR CO
10/1/2028 6.625%
  
345370BY5
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
MI
MICHIGAN
USD
US DOLLAR
10/1/2028
    
112.92
          
FORD MOTOR CO
10/1/2028 6.625%
        
5
2
6
5
N
True
9606.25
  
L
N
    
3/1/2022
C
  
854;USD
USD
145000.00
174534.10
172808.08
163740.53
163740.53
-9067.55
-9067.56
5.87
False
4.35
  
0.28
0.28
0.28
0.00
    
854
Adaptive High Income ETF
345370CQ
FORD MOTOR CO
1/15/2043 4.75%
  
345370CQ1
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
MI
MICHIGAN
USD
US DOLLAR
1/15/2043
    
96.89
          
FORD MOTOR CO
1/15/2043 4.75%
        
5
2
6
5
N
True
18762.50
  
L
N
    
3/1/2022
C
  
854;USD
USD
395000.00
428148.45
427710.65
382730.12
382730.12
-44980.54
-44980.54
4.90
False
4.99
  
0.65
0.65
0.65
0.00
    
854
Adaptive High Income ETF
345370CR
FORD MOTOR CO
12/8/2026 4.346%
  
345370CR9
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
MI
MICHIGAN
USD
US DOLLAR
12/8/2026
    
102.33
          
FORD MOTOR CO
12/8/2026 4.346%
        
5
2
6
5
N
True
17384.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
400000.00
430676.70
428425.03
409307.60
409307.60
-19117.43
-19117.43
4.25
False
3.81
  
0.70
0.69
0.69
0.00
    
854
Adaptive High Income ETF
345370CS
FORD MOTOR CO
12/8/2046 5.291%
  
345370CS7
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
MI
MICHIGAN
USD
US DOLLAR
12/8/2046
    
102.37
          
FORD MOTOR CO
12/8/2046 5.291%
        
5
2
6
5
N
True
18518.50
  
L
N
    
3/1/2022
C
  
854;USD
USD
350000.00
400964.35
400498.95
358279.60
358279.60
-42219.35
-42219.35
5.17
False
5.12
  
0.61
0.61
0.61
0.00
    
854
Adaptive High Income ETF
345397WK
FORD MOTOR CRED
8/6/2023 4.375%
  
345397WK5
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
MI
MICHIGAN
USD
US DOLLAR
8/6/2023
    
101.53
          
FORD MOTOR CRED
8/6/2023 4.375%
        
5
2
6
5
N
True
4812.50
  
L
N
    
3/1/2022
C
  
854;USD
USD
110000.00
114826.80
114213.86
111687.18
111687.18
-2526.68
-2526.68
4.31
False
3.27
  
0.19
0.19
0.19
0.00
    
854
Adaptive High Income ETF
345397WW
FORD MOTOR CRED
9/8/2024 3.664%
  
345397WW9
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
MI
MICHIGAN
USD
US DOLLAR
9/8/2024
    
100.32
          
FORD MOTOR CRED
9/8/2024 3.664%
        
5
2
6
5
N
True
7877.60
  
L
N
    
3/1/2022
C
  
854;USD
USD
215000.00
224137.50
223083.21
215682.41
215682.41
-7400.80
-7400.80
3.65
False
3.53
  
0.37
0.36
0.36
0.00
  
20S05OYHG0MQM4VUIC57
854
Adaptive High Income ETF
345397XL
FORD MOTOR CRED
8/4/2025 4.134%
  
345397XL2
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
MI
MICHIGAN
USD
US DOLLAR
8/4/2025
    
101.25
          
FORD MOTOR CRED
8/4/2025 4.134%
        
5
2
6
5
N
True
15915.90
  
L
N
    
3/1/2022
C
  
854;USD
USD
385000.00
409766.55
407267.64
389805.57
389805.57
-17462.07
-17462.07
4.08
False
3.74
  
0.66
0.66
0.66
0.00
    
854
Adaptive High Income ETF
345397XU
FORD MOTOR CRED
1/8/2026 4.389%
  
345397XU2
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
MI
MICHIGAN
USD
US DOLLAR
1/8/2026
    
102.01
          
FORD MOTOR CRED
1/8/2026 4.389%
        
5
2
6
5
N
True
3291.75
  
L
N
    
3/1/2022
C
  
854;USD
USD
75000.00
80563.05
80176.75
76505.93
76505.93
-3670.83
-3670.83
4.30
False
3.82
  
0.13
0.13
0.13
0.00
    
854
Adaptive High Income ETF
345397YG
FORD MOTOR CRED
1/9/2024 3.81%
  
345397YG2
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
MI
MICHIGAN
USD
US DOLLAR
1/9/2024
    
101.16
          
FORD MOTOR CRED
1/9/2024 3.81%
        
5
2
6
5
N
True
6477.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
170000.00
176779.60
175310.47
171971.66
171971.66
-3338.81
-3338.81
3.77
False
3.16
  
0.29
0.29
0.29
0.00
    
854
Adaptive High Income ETF
345397YT
FORD MOTOR CRED
11/2/2027 3.815%
  
345397YT4
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
MI
MICHIGAN
USD
US DOLLAR
11/2/2027
    
99.16
          
FORD MOTOR CRED
11/2/2027 3.815%
        
5
2
6
5
N
True
7820.75
  
L
N
    
3/1/2022
C
  
854;USD
USD
205000.00
214737.50
213973.21
203271.03
203271.03
-10702.18
-10702.18
3.85
False
3.98
  
0.35
0.34
0.34
0.00
    
854
Adaptive High Income ETF
345397ZJ
FORD MOTOR CRED
6/9/2025 4.687%
  
345397ZJ5
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
MI
MICHIGAN
USD
US DOLLAR
6/9/2025
    
103.25
          
FORD MOTOR CRED
6/9/2025 4.687%
        
5
2
6
5
N
True
6327.45
  
L
N
    
3/1/2022
C
  
854;USD
USD
135000.00
144450.00
143759.15
139380.89
139380.89
-4378.26
-4378.27
4.54
True
3.57
  
0.24
0.24
0.24
0.00
  
20S05OYHG0MQM4VUIC57
854
Adaptive High Income ETF
345397ZQ
FORD MOTOR CRED
3/18/2024 5.584%
  
345397ZQ9
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
MI
MICHIGAN
USD
US DOLLAR
3/18/2024
    
104.42
          
FORD MOTOR CRED
3/18/2024 5.584%
        
5
2
6
5
N
True
11726.40
  
L
N
    
3/1/2022
C
  
854;USD
USD
210000.00
226930.70
224870.46
219287.04
219287.04
-5583.42
-5583.42
5.35
True
3.24
  
0.37
0.37
0.37
0.00
    
854
Adaptive High Income ETF
345397ZR
FORD MOTOR CRED
5/3/2029 5.113%
  
345397ZR7
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
MI
MICHIGAN
USD
US DOLLAR
5/3/2029
    
106.42
          
FORD MOTOR CRED
5/3/2029 5.113%
        
5
2
6
5
N
True
9970.35
  
L
N
    
3/1/2022
C
  
854;USD
USD
195000.00
219225.60
217935.38
207511.79
207511.79
-10423.60
-10423.60
4.80
True
4.04
  
0.35
0.35
0.35
0.00
    
854
Adaptive High Income ETF
345397ZW
FORD MOTOR CRED
8/1/2026 4.542%
  
345397ZW6
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
MI
MICHIGAN
USD
US DOLLAR
8/1/2026
    
102.86
          
FORD MOTOR CRED
8/1/2026 4.542%
        
5
2
6
5
N
True
9765.30
  
L
N
    
3/1/2022
C
  
854;USD
USD
215000.00
232872.95
231715.40
221159.54
221159.54
-10555.87
-10555.87
4.42
True
3.80
  
0.38
0.37
0.37
0.00
  
20S05OYHG0MQM4VUIC57
854
Adaptive High Income ETF
428291AN
HEXCEL CORP
2/15/2027 3.95%
  
428291AN8
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
CT
CONNECTICUT
USD
US DOLLAR
2/15/2027
    
102.91
          
HEXCEL CORP
2/15/2027 3.95%
        
5
2
6
5
N
True
20342.50
  
L
N
    
3/1/2022
C
  
854;USD
USD
515000.00
557615.45
555028.89
529965.39
529965.39
-25063.51
-25063.51
3.84
True
3.28
  
0.90
0.90
0.90
0.00
    
854
Adaptive High Income ETF
448579AF
HYATT HOTELS
3/15/2026 4.85%
  
448579AF9
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
IL
ILLINOIS
USD
US DOLLAR
3/15/2026
    
106.03
          
HYATT HOTELS
3/15/2026 4.85%
        
5
2
6
5
N
True
28130.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
580000.00
631707.00
629942.28
614985.60
614985.60
-14956.68
-14956.68
4.57
True
3.15
  
1.05
1.04
1.04
0.00
  
T27JQIMTYSH41TCD5186
854
Adaptive High Income ETF
448579AG
HYATT HOTELS
9/15/2028 4.375%
  
448579AG7
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
IL
ILLINOIS
USD
US DOLLAR
9/15/2028
    
104.01
          
HYATT HOTELS
9/15/2028 4.375%
        
5
2
6
5
N
True
18812.50
  
L
N
    
3/1/2022
C
  
854;USD
USD
430000.00
465143.90
464432.69
447255.90
447255.90
-17176.79
-17176.79
4.21
True
3.65
  
0.76
0.76
0.76
0.00
  
T27JQIMTYSH41TCD5186
854
Adaptive High Income ETF
448579AH
HYATT HOTELS
4/23/2025 5.375%
  
448579AH5
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
IL
ILLINOIS
USD
US DOLLAR
4/23/2025
    
108.25
          
HYATT HOTELS
4/23/2025 5.375%
        
5
2
6
5
N
True
35206.25
  
L
N
    
3/1/2022
C
  
854;USD
USD
655000.00
728602.35
725327.40
709006.06
709006.06
-16321.34
-16321.34
4.97
True
2.56
  
1.21
1.20
1.20
0.00
  
T27JQIMTYSH41TCD5186
854
Adaptive High Income ETF
448579AJ
HYATT HOTELS
4/23/2030 5.75%
  
448579AJ1
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
IL
ILLINOIS
USD
US DOLLAR
4/23/2030
    
114.61
          
HYATT HOTELS
4/23/2030 5.75%
        
5
2
6
5
N
True
25875.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
450000.00
534730.50
533378.87
515763.00
515763.00
-17615.87
-17615.87
5.02
True
3.61
  
0.88
0.87
0.87
0.00
  
T27JQIMTYSH41TCD5186
854
Adaptive High Income ETF
448579AL
HYATT HOTELS
10/1/2023 1.3%
  
448579AL6
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
IL
ILLINOIS
USD
US DOLLAR
10/1/2023
    
98.57
          
HYATT HOTELS
10/1/2023 1.3%
        
5
2
6
5
N
True
6825.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
525000.00
525960.75
525878.80
517488.30
517488.30
-8390.50
-8390.50
1.32
False
2.22
  
0.88
0.87
0.87
0.00
  
T27JQIMTYSH41TCD5186
854
Adaptive High Income ETF
448579AN
HYATT HOTELS
10/1/2024 1.8%
  
448579AN2
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
IL
ILLINOIS
USD
US DOLLAR
10/1/2024
    
98.43
          
HYATT HOTELS
10/1/2024 1.8%
        
5
2
6
5
N
True
13590.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
755000.00
760028.30
759758.61
743113.28
743113.28
-16645.33
-16645.33
1.83
False
2.43
  
1.27
1.26
1.26
0.00
  
T27JQIMTYSH41TCD5186
854
Adaptive High Income ETF
50076QAE
KRAFT FOODS GROU
6/4/2042 5%
  
50076QAE6
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
    
USD
US DOLLAR
6/4/2042
    
110.65
          
KRAFT FOODS GROU
6/4/2042 5%
        
5
2
6
5
N
True
30250.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
605000.00
755158.30
752825.11
669443.39
669443.39
-83381.72
-83381.72
4.52
False
4.21
  
1.14
1.13
1.13
0.00
    
854
Adaptive High Income ETF
50076QAR
KRAFT FOODS GROU
1/26/2039 6.875%
  
50076QAR7
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
PA
PENNSYLVANIA
USD
US DOLLAR
1/26/2039
    
131.94
          
KRAFT FOODS GROU
1/26/2039 6.875%
        
5
2
6
5
N
True
22000.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
320000.00
479576.40
476355.66
422221.12
422221.12
-54134.54
-54134.54
5.21
False
4.21
  
0.72
0.71
0.71
0.00
    
854
Adaptive High Income ETF
50076QAN
KRAFT HEINZ FOOD
2/9/2040 6.5%
  
50076QAN6
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
    
USD
US DOLLAR
2/9/2040
    
128.57
          
KRAFT HEINZ FOOD
2/9/2040 6.5%
        
5
2
6
5
N
True
18200.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
280000.00
408758.40
406393.41
360005.24
360005.24
-46388.17
-46388.17
5.06
False
4.21
  
0.61
0.61
0.61
0.00
    
854
Adaptive High Income ETF
50077LAB
KRAFT HEINZ FOOD
6/1/2046 4.375%
  
50077LAB2
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
PA
PENNSYLVANIA
USD
US DOLLAR
6/1/2046
    
102.80
          
KRAFT HEINZ FOOD
6/1/2046 4.375%
        
5
2
6
5
N
True
35875.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
820000.00
947342.20
945980.56
842934.58
842934.58
-103045.98
-103045.98
4.26
True
4.19
  
1.44
1.42
1.42
0.00
    
854
Adaptive High Income ETF
50077LAD
KRAFT HEINZ FOOD
6/1/2026 3%
  
50077LAD8
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
PA
PENNSYLVANIA
USD
US DOLLAR
6/1/2026
    
100.23
          
KRAFT HEINZ FOOD
6/1/2026 3%
        
5
2
6
5
N
True
18900.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
630000.00
663864.40
661042.03
631450.89
631450.89
-29591.14
-29591.14
2.99
True
2.94
  
1.08
1.07
1.07
0.00
    
854
Adaptive High Income ETF
50077LAL
KRAFT HEINZ FOOD
7/15/2035 5%
  
50077LAL0
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
PA
PENNSYLVANIA
USD
US DOLLAR
7/15/2035
    
112.29
          
KRAFT HEINZ FOOD
7/15/2035 5%
        
5
2
6
5
N
True
3000.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
60000.00
73924.90
73683.56
67373.28
67373.28
-6310.28
-6310.28
4.45
True
3.78
  
0.11
0.11
0.11
0.00
    
854
Adaptive High Income ETF
50077LAM
KRAFT HEINZ FOOD
7/15/2045 5.2%
  
50077LAM8
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
PA
PENNSYLVANIA
USD
US DOLLAR
7/15/2045
    
113.24
          
KRAFT HEINZ FOOD
7/15/2045 5.2%
        
5
2
6
5
N
True
37700.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
725000.00
924004.45
921546.28
820959.55
820959.55
-100586.73
-100586.73
4.59
True
4.29
  
1.40
1.39
1.39
0.00
    
854
Adaptive High Income ETF
651229AW
NEWELL RUBBERMAI
4/1/2026 4.2%
  
651229AW6
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
NJ
NEW JERSEY
USD
US DOLLAR
4/1/2026
    
103.38
          
NEWELL RUBBERMAI
4/1/2026 4.2%
        
5
2
6
5
N
True
69300.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
1650000.00
1805583.35
1795530.02
1705687.50
1705687.50
-89842.52
-89842.52
4.06
True
3.26
  
2.91
2.88
2.88
0.00
    
854
Adaptive High Income ETF
651229AX
NEWELL RUBBERMAI
4/1/2036 5.375%
  
651229AX4
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
NJ
NEW JERSEY
USD
US DOLLAR
4/1/2036
    
109.63
          
NEWELL RUBBERMAI
4/1/2036 5.375%
        
5
2
6
5
N
True
31981.25
  
L
N
    
3/1/2022
C
  
854;USD
USD
595000.00
741383.80
738196.52
652268.75
652268.75
-85927.77
-85927.77
4.90
True
4.42
  
1.11
1.10
1.10
0.00
    
854
Adaptive High Income ETF
651229AY
NEWELL RUBBERMAI
4/1/2046 6%
  
651229AY2
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
NJ
NEW JERSEY
USD
US DOLLAR
4/1/2046
    
112.13
          
NEWELL RUBBERMAI
4/1/2046 6%
        
5
2
6
5
N
True
42300.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
705000.00
909802.60
907990.71
790481.25
790481.25
-117509.46
-117509.46
5.35
True
5.11
  
1.35
1.34
1.34
0.00
    
854
Adaptive High Income ETF
655664AR
NORDSTROM INC
1/15/2044 5%
  
655664AR1
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
WA
WASHINGTON
USD
US DOLLAR
1/15/2044
    
88.50
          
NORDSTROM INC
1/15/2044 5%
        
5
2
6
5
N
True
50000.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
1000000.00
984679.00
984696.43
885000.00
885000.00
-99696.43
-99696.43
5.65
False
5.95
  
1.51
1.49
1.50
0.00
    
854
Adaptive High Income ETF
655664AT
NORDSTROM INC
4/1/2030 4.375%
  
655664AT7
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
WA
WASHINGTON
USD
US DOLLAR
4/1/2030
    
91.00
          
NORDSTROM INC
4/1/2030 4.375%
        
5
2
6
5
N
True
28000.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
640000.00
661668.80
660782.65
582400.00
582400.00
-78382.65
-78382.65
4.81
False
5.78
  
0.99
0.98
0.98
0.00
    
854
Adaptive High Income ETF
674599CF
OCCIDENTAL PETE
6/15/2045 4.625%
  
674599CF0
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
6/15/2045
    
96.13
          
OCCIDENTAL PETE
6/15/2045 4.625%
        
5
2
6
5
N
True
7631.25
  
L
N
    
3/1/2022
C
  
854;USD
USD
165000.00
166494.30
166488.77
158606.25
158606.25
-7882.52
-7882.52
4.81
False
4.91
  
0.27
0.27
0.27
0.00
    
854
Adaptive High Income ETF
674599CL
OCCIDENTAL PETE
2/15/2047 4.1%
  
674599CL7
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
2/15/2047
    
92.50
          
OCCIDENTAL PETE
2/15/2047 4.1%
        
5
2
6
5
N
True
5945.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
145000.00
138075.00
138149.59
134125.00
134125.00
-4024.59
-4024.59
4.43
False
4.61
  
0.23
0.23
0.23
0.00
    
854
Adaptive High Income ETF
674599CM
OCCIDENTAL PETE
2/15/2027 3%
  
674599CM5
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
2/15/2027
    
97.75
          
OCCIDENTAL PETE
2/15/2027 3%
        
5
2
6
5
N
True
4350.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
145000.00
142975.00
143159.75
141737.50
141737.50
-1422.25
-1422.25
3.07
False
3.50
  
0.24
0.24
0.24
0.00
    
854
Adaptive High Income ETF
674599CN
OCCIDENTAL PETE
3/15/2048 4.2%
  
674599CN3
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
3/15/2048
    
93.50
          
OCCIDENTAL PETE
3/15/2048 4.2%
        
5
2
6
5
N
True
7980.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
190000.00
181395.30
181484.88
177650.00
177650.00
-3834.88
-3834.88
4.49
False
4.63
  
0.30
0.30
0.30
0.00
    
854
Adaptive High Income ETF
674599CR
OCCIDENTAL PETE
8/15/2026 3.2%
  
674599CR4
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
8/15/2026
    
99.88
          
OCCIDENTAL PETE
8/15/2026 3.2%
        
5
2
6
5
N
True
5600.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
175000.00
175438.10
175427.93
174781.25
174781.25
-646.68
-646.68
3.20
False
3.23
  
0.30
0.30
0.30
0.00
    
854
Adaptive High Income ETF
674599CS
OCCIDENTAL PETE
8/15/2029 3.5%
  
674599CS2
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
8/15/2029
    
99.75
          
OCCIDENTAL PETE
8/15/2029 3.5%
        
5
2
6
5
N
True
9450.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
270000.00
270174.30
270207.28
269325.00
269325.00
-882.28
-882.28
3.51
False
3.54
  
0.46
0.45
0.46
0.00
    
854
Adaptive High Income ETF
674599CW
OCCIDENTAL PETE
8/15/2024 2.9%
  
674599CW3
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
8/15/2024
    
100.13
          
OCCIDENTAL PETE
8/15/2024 2.9%
        
5
2
6
5
N
True
7830.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
270000.00
274581.40
273898.18
270337.50
270337.50
-3560.68
-3560.68
2.90
True
2.84
  
0.46
0.46
0.46
0.00
    
854
Adaptive High Income ETF
674599CX
OCCIDENTAL PETE
8/15/2039 4.3%
  
674599CX1
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
8/15/2039
    
91.75
          
OCCIDENTAL PETE
8/15/2039 4.3%
        
5
2
6
5
N
True
7095.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
165000.00
161558.25
161623.94
151387.50
151387.50
-10236.44
-10236.44
4.69
False
5.01
  
0.26
0.26
0.26
0.00
    
854
Adaptive High Income ETF
674599CY
OCCIDENTAL PETE
8/15/2049 4.4%
  
674599CY9
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
8/15/2049
    
95.00
          
OCCIDENTAL PETE
8/15/2049 4.4%
        
5
2
6
5
N
True
6600.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
150000.00
146500.00
146534.04
142500.00
142500.00
-4034.04
-4034.04
4.63
False
4.73
  
0.24
0.24
0.24
0.00
    
854
Adaptive High Income ETF
674599DC
OCCIDENTAL PETE
3/15/2026 5.55%
  
674599DC6
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
3/15/2026
    
107.00
          
OCCIDENTAL PETE
3/15/2026 5.55%
        
5
2
6
5
N
True
15262.50
  
L
N
    
3/1/2022
C
  
854;USD
USD
275000.00
301207.85
299010.78
294250.00
294250.00
-4760.78
-4760.78
5.19
True
3.56
  
0.50
0.50
0.50
0.00
    
854
Adaptive High Income ETF
674599DE
OCCIDENTAL PETE
9/15/2031 7.875%
  
674599DE2
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
9/15/2031
    
123.75
          
OCCIDENTAL PETE
9/15/2031 7.875%
        
5
2
6
5
N
True
7481.25
  
L
N
    
3/1/2022
C
  
854;USD
USD
95000.00
127252.50
126331.40
117562.50
117562.50
-8768.90
-8768.90
6.36
False
4.75
  
0.20
0.20
0.20
0.00
  
IM7X0T3ECJW4C1T7ON55
854
Adaptive High Income ETF
674599DF
OCCIDENTAL PETE
9/15/2036 6.45%
  
674599DF9
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
9/15/2036
    
117.38
          
OCCIDENTAL PETE
9/15/2036 6.45%
        
5
2
6
5
N
True
16770.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
260000.00
314113.80
312764.65
305175.00
305175.00
-7589.65
-7589.65
5.50
False
4.78
  
0.52
0.52
0.52
0.00
    
854
Adaptive High Income ETF
674599DJ
OCCIDENTAL PETE
3/15/2040 6.2%
  
674599DJ1
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
3/15/2040
    
110.75
          
OCCIDENTAL PETE
3/15/2040 6.2%
        
5
2
6
5
N
True
9920.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
160000.00
185885.20
185495.31
177200.00
177200.00
-8295.31
-8295.31
5.60
False
5.27
  
0.30
0.30
0.30
0.00
    
854
Adaptive High Income ETF
674599DK
OCCIDENTAL PETE
7/15/2044 4.5%
  
674599DK8
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
7/15/2044
    
93.25
          
OCCIDENTAL PETE
7/15/2044 4.5%
        
5
2
6
5
N
True
5400.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
120000.00
118404.00
118427.42
111900.00
111900.00
-6527.42
-6527.42
4.83
False
5.00
  
0.19
0.19
0.19
0.00
    
854
Adaptive High Income ETF
674599DG
OCCIDENTAL PETROLEUM
DISCOUNT 10/10/36
  
674599DG7
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
    
USD
US DOLLAR
10/10/2036
    
53.75
          
OCCIDENTAL PETROLEUM
DISCOUNT 10/10/36
        
5
2
6
5
N
True
0.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
570000.00
317494.10
321834.88
306375.00
306375.00
-15459.88
-15459.88
0.00
False
4.30
  
0.52
0.52
0.52
0.00
    
854
Adaptive High Income ETF
703481AB
PATTERSON-UTI
2/1/2028 3.95%
  
703481AB7
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
2/1/2028
    
96.50
          
PATTERSON-UTI
2/1/2028 3.95%
        
5
2
6
5
N
True
26860.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
680000.00
673730.30
674201.79
656200.00
656200.00
-18001.79
-18001.79
4.09
False
4.63
  
1.12
1.11
1.11
0.00
    
854
Adaptive High Income ETF
714295AC
PERRIGO FINANCE
12/15/2024 3.9%
  
714295AC6
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
IEP
IRELAND
    
USD
US DOLLAR
12/15/2024
    
99.38
          
PERRIGO FINANCE
12/15/2024 3.9%
        
5
2
6
5
N
True
35295.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
905000.00
959458.85
953573.59
899343.75
899343.75
-54229.84
-54229.84
3.92
False
4.14
  
1.53
1.52
1.52
0.00
    
854
Adaptive High Income ETF
71429MAB
PERRIGO FINANCE
3/15/2026 4.375%
  
71429MAB1
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
IEP
IRELAND
    
USD
US DOLLAR
3/15/2026
    
99.00
          
PERRIGO FINANCE
3/15/2026 4.375%
        
5
2
6
5
N
True
39812.50
  
L
N
    
3/1/2022
C
  
854;USD
USD
910000.00
978559.70
973308.27
900900.00
900900.00
-72408.27
-72408.27
4.42
False
4.65
  
1.54
1.52
1.52
0.00
    
854
Adaptive High Income ETF
71429MAC
PERRIGO FINANCE
6/15/2030 3.15%
  
71429MAC9
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
IEP
IRELAND
    
USD
US DOLLAR
6/15/2030
    
90.00
          
PERRIGO FINANCE
6/15/2030 3.15%
        
5
2
6
5
N
True
30555.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
970000.00
990064.75
989107.26
873000.00
873000.00
-116107.26
-116107.26
3.50
False
4.61
  
1.49
1.47
1.48
0.00
    
854
Adaptive High Income ETF
72650RAR
PLAINS ALL AMER
1/15/2037 6.65%
  
72650RAR3
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
1/15/2037
    
118.03
          
PLAINS ALL AMER
1/15/2037 6.65%
        
5
2
6
5
N
True
22277.50
  
L
N
    
3/1/2022
C
  
854;USD
USD
335000.00
440874.20
438754.53
395387.44
395387.44
-43367.10
-43367.10
5.63
False
4.93
  
0.67
0.67
0.67
0.00
    
854
Adaptive High Income ETF
72650RBA
PLAINS ALL AMER
6/1/2042 5.15%
  
72650RBA9
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
6/1/2042
    
100.22
          
PLAINS ALL AMER
6/1/2042 5.15%
        
5
2
6
5
N
True
19055.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
370000.00
416415.80
415756.89
370820.66
370820.66
-44936.23
-44936.23
5.14
True
5.13
  
0.63
0.63
0.63
0.00
    
854
Adaptive High Income ETF
72650RBD
PLAINS ALL AMER
10/15/2023 3.85%
  
72650RBD3
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
10/15/2023
    
102.46
          
PLAINS ALL AMER
10/15/2023 3.85%
        
5
2
6
5
N
True
19827.50
  
L
N
    
3/1/2022
C
  
854;USD
USD
515000.00
541519.80
535802.79
527690.63
527690.63
-8112.16
-8112.16
3.76
False
2.29
  
0.90
0.89
0.89
0.00
    
854
Adaptive High Income ETF
72650RBE
PLAINS ALL AMER
6/15/2044 4.7%
  
72650RBE1
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
6/15/2044
    
94.42
          
PLAINS ALL AMER
6/15/2044 4.7%
        
5
2
6
5
N
True
23735.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
505000.00
539416.70
539006.90
476840.19
476840.19
-62166.71
-62166.71
4.98
False
5.12
  
0.81
0.81
0.81
0.00
    
854
Adaptive High Income ETF
72650RBF
PLAINS ALL AMER
11/1/2024 3.6%
  
72650RBF8
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
11/1/2024
    
102.37
          
PLAINS ALL AMER
11/1/2024 3.6%
        
5
2
6
5
N
True
19800.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
550000.00
584878.30
579827.76
563022.35
563022.35
-16805.41
-16805.41
3.52
False
2.67
  
0.96
0.95
0.95
0.00
    
854
Adaptive High Income ETF
72650RBH
PLAINS ALL AMER
2/15/2045 4.9%
  
72650RBH4
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
    
USD
US DOLLAR
2/15/2045
    
96.62
          
PLAINS ALL AMER
2/15/2045 4.9%
        
5
2
6
5
N
True
15680.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
320000.00
348464.55
348119.27
309176.00
309176.00
-38943.27
-38943.27
5.07
False
5.15
  
0.53
0.52
0.52
0.00
    
854
Adaptive High Income ETF
72650RBJ
PLAINS ALL AMER
10/15/2025 4.65%
  
72650RBJ0
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
10/15/2025
    
106.00
          
PLAINS ALL AMER
10/15/2025 4.65%
        
5
2
6
5
N
True
23250.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
500000.00
551590.15
546941.10
530007.50
530007.50
-16933.60
-16933.60
4.39
False
2.89
  
0.90
0.90
0.90
0.00
    
854
Adaptive High Income ETF
72650RBL
PLAINS ALL AMER
12/15/2026 4.5%
  
72650RBL5
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
TX
TEXAS
USD
US DOLLAR
12/15/2026
    
106.64
          
PLAINS ALL AMER
12/15/2026 4.5%
        
5
2
6
5
N
True
24975.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
555000.00
619273.25
613855.86
591827.58
591827.58
-22028.28
-22028.28
4.22
False
3.00
  
1.01
1.00
1.00
0.00
    
854
Adaptive High Income ETF
81180WAL
SEAGATE HDD CAYM
1/1/2025 4.75%
  
81180WAL5
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
CAY
CAYMAN ISLANDS
    
USD
US DOLLAR
1/1/2025
    
103.00
          
SEAGATE HDD CAYM
1/1/2025 4.75%
        
5
2
6
5
N
True
29450.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
620000.00
674816.25
668882.55
638600.00
638600.00
-30282.55
-30282.55
4.61
False
3.62
  
1.09
1.08
1.08
0.00
    
854
Adaptive High Income ETF
81180WAN
SEAGATE HDD CAYM
12/1/2034 5.75%
  
81180WAN1
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
CAY
CAYMAN ISLANDS
    
USD
US DOLLAR
12/1/2034
    
103.50
          
SEAGATE HDD CAYM
12/1/2034 5.75%
        
5
2
6
5
N
True
36512.50
  
L
N
    
3/1/2022
C
  
854;USD
USD
635000.00
739038.75
736847.82
657225.00
657225.00
-79622.82
-79622.82
5.56
False
5.37
  
1.12
1.11
1.11
0.00
    
854
Adaptive High Income ETF
81180WAR
SEAGATE HDD CAYM
6/1/2027 4.875%
  
81180WAR2
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
CAY
CAYMAN ISLANDS
    
USD
US DOLLAR
6/1/2027
    
102.75
          
SEAGATE HDD CAYM
6/1/2027 4.875%
        
5
2
6
5
N
True
31931.25
  
L
N
    
3/1/2022
C
  
854;USD
USD
655000.00
726811.15
722574.04
673012.50
673012.50
-49561.54
-49561.54
4.74
True
4.26
  
1.15
1.14
1.14
0.00
    
854
Adaptive High Income ETF
960386AL
WABTEC
11/15/2026 3.45%
  
960386AL4
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
PA
PENNSYLVANIA
USD
US DOLLAR
11/15/2026
    
102.12
          
WABTEC
11/15/2026 3.45%
        
5
2
6
5
N
True
33120.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
960000.00
1022709.30
1018527.50
980333.76
980333.76
-38193.74
-38193.74
3.38
False
2.96
  
1.67
1.66
1.66
0.00
    
854
Adaptive High Income ETF
960386AM
WABTEC
9/15/2028 4.70%
  
960386AM2
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
PA
PENNSYLVANIA
USD
US DOLLAR
9/15/2028
    
108.84
          
WABTEC
9/15/2028 4.70%
        
5
2
6
5
N
True
29610.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
630000.00
719269.05
716770.19
685697.04
685697.04
-31073.15
-31073.15
4.32
True
3.14
  
1.17
1.16
1.16
0.00
    
854
Adaptive High Income ETF
960386AN
WABTEC
3/15/2024 4.15%
  
960386AN0
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
PA
PENNSYLVANIA
USD
US DOLLAR
3/15/2024
    
103.78
          
WABTEC
3/15/2024 4.15%
        
5
2
6
5
N
True
40462.50
  
L
N
    
3/1/2022
C
  
854;USD
USD
975000.00
1044300.95
1034368.14
1011879.38
1011879.38
-22488.77
-22488.77
4.00
True
2.16
  
1.73
1.71
1.71
0.00
    
854
Adaptive High Income ETF
949746NL
WELLS FARGO CO
12/15/2036 5.95%
  
949746NL1
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
CA
CALIFORNIA
USD
US DOLLAR
12/15/2036
    
122.00
          
WELLS FARGO CO
12/15/2036 5.95%
        
5
2
6
5
N
True
36295.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
610000.00
842890.70
838136.62
744200.00
744200.00
-93936.62
-93936.62
4.88
False
3.97
  
1.27
1.26
1.26
0.00
    
854
Adaptive High Income ETF
98310WAN
WYNDHAM WORLDWID
4/1/2027 4.50%
  
98310WAN8
  
UNGROUPED SECURITIES
  
CORPBOND
CORPORATE BOND
      
USA
UNITED STATES
FL
FLORIDA
USD
US DOLLAR
4/1/2027
    
104.00
          
WYNDHAM WORLDWID
4/1/2027 4.50%
        
5
2
6
5
N
True
22950.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
510000.00
553461.40
550752.55
530400.00
530400.00
-20352.55
-20352.55
4.33
True
3.59
  
0.90
0.90
0.90
0.00
    
854
Adaptive High Income ETF
SJB
ProShares Short High
Yield
  
74347R131
  
UNGROUPED SECURITIES
  
ETF
EXCHANGE TRADED FUND
      
USA
UNITED STATES
MD
MARYLAND
USD
US DOLLAR
1/0/1900
    
17.95
          
ProShares Short High
Yield
        
5
2
6
5
N
True
0.00
  
L
N
    
3/1/2022
C
  
854;USD
USD
733124.00
13194873.37
13194873.37
13159575.80
13159575.80
-35297.57
-35297.57
0.00
False
0.00
N/A
22.44
22.23
22.24
0.00
    
854
Adaptive High Income ETF
FIGXX
Fidelity Investments
Money Market Funds
  
316175108
  
UNGROUPED SECURITIES
  
MONEYMKT
MONEY MARKET
      
USA
UNITED STATES
MA
MASSACHUSETTS
USD
US DOLLAR
3/1/2022
    
100.00
          
Fidelity Investments
Money Market Funds
        
5
2
6
5
N
True
184.90
  
L
N
    
3/1/2022
C
  
854;USD
USD
1848991.46
1848991.46
1848991.46
1848991.46
1848991.46
0.00
0.00
0.01
False
0.00
  
3.15
3.12
3.13
0.00