united states
securities and exchange commission
washington, d.c. 20549

form n-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-22696

Compass EMP Funds Trust

(Exact name of registrant as specified in charter)

4900 Tiedeman Road, Brooklyn, OH 44144

(Address of principal executive offices) (Zip code)

James Ash, Gemini Fund Services, LLC.

80 Arkay Dr., Suite 110 Hauppauge, NY 11788

(Name and address of agent for service)

Registrant's telephone number, including area code: 631-470-2619

Date of fiscal year end: 6/30

Date of reporting period: 3/31/2015

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments.

COMPASS EMP U.S. 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2015
Shares		Value
	COMMON STOCK - 98.2 %
	ADVERTISING - 0.5 %
225	Alliance Data Systems Corp. *	$                                    66,656
1,221	Omnicom Group, Inc. ^	95,214
		161,870
	AEROSPACE/DEFENSE - 1.9 %
483	Boeing Co.	72,489
646	General Dynamics Corp.	87,681
449	L-3 Communications Holdings, Inc.	56,480
457	Lockheed Martin Corp.	92,753
486	Northrop Grumman Corp.	78,226
761	Raytheon Co.	83,139
1,131	Rockwell Collins, Inc.	109,198
803	United Technologies Corp.	94,112
		674,078
	AGRICULTURE - 1.1 %
1,962	Altria Group, Inc.	98,139
1,421	Archer-Daniels-Midland Co.	67,355
1,101	Lorillard, Inc.	71,950
1,282	Philip Morris International, Inc.	96,573
1,139	Reynolds American, Inc.	78,488
		412,505
	AIRLINES - 0.5 %
704	Alaska Air Group, Inc.	46,591
2,123	JetBlue Airways Corp. * ^	40,868
1,077	Southwest Airlines Co.	47,711
481	Spirit Airlines, Inc. *	37,210
		172,380
	APPAREL - 0.9 %
1,888	Hanesbrands, Inc.	63,267
705	NIKE, Inc. - Cl. B	70,733
390	Ralph Lauren Corp. - Cl. A	51,285
647	Under Armour, Inc. - Cl. A * ^	52,245
1,107	VF Corp.	83,368
		320,898
	AUTO MANUFACTURERS - 0.6 %
4,120	Ford Motor Co.	66,497
1,610	General Motors Co.	60,375
1,136	PACCAR, Inc.	71,727
		198,599
	AUTO PARTS & EQUIPMENT - 0.9 %
2,158	Allison Transmission Holdings, Inc.	68,927
917	BorgWarner, Inc.	55,460
1,480	Johnson Controls, Inc.	74,651
567	Lear Corp.	62,835
544	WABCO Holdings, Inc. * ^	66,847
		328,720
	BANKS - 5.0 %
1,963	Bank of New York Mellon Corp.	78,991
2,152	BB&T Corp.	83,906
1,106	Capital One Financial Corp.	87,175
1,592	CIT Group, Inc.	71,831
1,357	Citigroup, Inc.	69,913
594	City National Corp.	52,914
1,348	Comerica, Inc. ^	60,835
1,592	East West Bancorp, Inc.	64,412
3,597	Fifth Third Bancorp	67,803
898	First Republic Bank	51,267
433	Goldman Sachs Group, Inc.	81,391
6,761	Huntington Bancshares, Inc.	74,709
1,223	JPMorgan Chase & Co.	74,089
4,521	KeyCorp	64,017
688	M&T Bank Corp. ^	87,376
2,024	Morgan Stanley	72,237
1,071	Northern Trust Corp.	74,595
887	PNC Financial Services Group, Inc.	82,704

COMPASS EMP U.S. 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares		Value
	BANKS (Continued) - 5.0 %
6,748	Regions Financial Corp.	$                                    63,769
496	Signature Bank *	64,272
968	State Street Corp.	71,177
1,745	SunTrust Banks, Inc.	71,702
436	SVB Financial Group *	55,389
2,118	US Bancorp	92,493
1,720	Wells Fargo & Co.	93,568
		1,812,535
	BEVERAGES - 1.7 %
1,014	Brown-Forman Corp. - Cl. B	91,615
2,288	Coca-Cola Co.	92,778
1,742	Coca-Cola Enterprises, Inc.	76,996
700	Constellation Brands, Inc. - Cl. A *	81,347
1,106	Dr. Pepper Snapple Group, Inc.	86,799
376	Keurig Green Mountain, Inc.	42,010
247	Monster Beverage Corp. *	34,184
1,143	Pepsi Co., Inc.	109,294
		615,023
	BIOTECHNOLOGY - 0.8 %
397	Amgen, Inc.	63,460
104	Biogen, Inc.*	43,913
432	Celgene Corp. * ^	49,801
424	Gilead Sciences, Inc.*	41,607
237	Illumina, Inc. *	43,997
109	Regeneron Pharmaceuticals, Inc. * ^	49,211
		291,989
	BUILDING MATERIALS - 0.4 %
2,350	Masco Corp.	62,745
822	Vulcan Materials Co.	69,295
		132,040
	CHEMICALS - 3.7 %
436	Air Products & Chemicals, Inc.	65,958
789	Airgas, Inc.	83,721
218	CF Industries Holdings, Inc.	61,842
1,188	Dow Chemical Co. ^	57,000
773	Eastman Chemical Co.	53,538
667	Ecolab, Inc.	76,291
1,040	EI du Pont de Nemours & Co.	74,329
1,130	FMC Corp.	64,693
619	International Flavors & Fragrances, Inc.	72,671
463	LyondellBasell Industries NV	40,651
1,695	Mosaic Co.	78,072
182	NewMarket Corp.	86,960
341	PPG Industries, Inc.	76,909
780	Praxair, Inc.	94,177
1,487	RPM International, Inc.	71,361
300	Sherwin-Williams Co.	85,350
1,046	Valspar Corp.	87,895
623	Westlake Chemical Corp.	44,819
610	W.R. Grace & Co. *	60,311
		1,336,548
	COMMERCIAL SERVICES - 4.6 %
1,416	ADT Corp. ^	58,792
2,345	Aramark ^	74,172
1,194	Automatic Data Processing, Inc.	102,254
955	Cintas Corp. ^	77,957
265	CoStar Group, Inc. *	52,425
969	Equifax, Inc.	90,117
361	FleetCor Technologies, Inc. *	54,482
913	Gartner, Inc. *	76,555
776	Global Payments, Inc.	71,144
64	Graham Holdings Co.	67,176
797	Macquarie Infrastructure Co. LLC	65,585
633	Manpower Group, Inc.	54,533
757	Mastercard, Inc. - Cl. A	65,397

COMPASS EMP U.S. 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares		Value
	COMMERCIAL SERVICES (Continued) - 4.6 %
779	Moody's Corp. ^	$                                    80,860
1,757	Quanta Services, Inc. *	50,127
1,203	Robert Half International, Inc.	72,806
1,944	SEI Investments Co.	85,711
3,429	Service Corp. International	89,325
2,066	Total System Services, Inc.	78,818
631	Towers Watson & Co. - Cl. A	83,409
464	United Rentals, Inc. *	42,298
1,467	Verisk Analytics, Inc. - Cl. A *	104,744
3,819	Western Union Co. ^	79,473
		1,678,160
	COMPUTERS - 2.9 %
2,054	Amdocs Ltd.	111,738
537	Apple, Inc.	66,819
3,874	Cadence Design Systems, Inc. *	71,437
891	Cognizant Technology Solutions Corp. - Cl. A *	55,589
2,961	EMC Corp.	75,683
1,667	Hewlett-Packard Co.	51,944
622	IHS, Inc. - Cl. A *	70,759
502	International Business Machines Corp.	80,571
1,477	Jack Henry & Associates, Inc.	103,228
1,732	NetApp, Inc.	61,417
504	SanDisk Corp. ^	32,064
1,068	Seagate Technology PLC	55,568
1,848	Synopsys, Inc. *	85,599
1,279	Teradata Corp. *	56,455
624	Western Digital Corp.	56,790
		1,035,661
	COSMETICS/PERSONAL CARE - 0.8 %
1,445	Colgate-Palmolive Co.	100,196
994	Estee Lauder Cos., Inc. - Cl. A	82,661
1,422	Procter & Gamble Co.	116,519
		299,376
	DISTRIBUTION/WHOLESALE - 0.8 %
1,656	Fastenal Co. ^	68,616
928	Genuine Parts Co.	86,480
2,287	LKQ Corp. *	58,456
349	WW Grainger, Inc. ^	82,298
		295,850
	DIVERSIFIED FINANCIAL SERVICES - 3.8 %
305	Affiliated Managers Group, Inc. *	65,508
2,863	Ally Financial, Inc. *	60,066
919	American Express Co.	71,792
546	Ameriprise Financial, Inc.	71,439
212	BlackRock, Inc. - Cl. A	77,558
1,233	CBOE Holding, Inc.	70,780
1,745	Charles Schwab Corp.	53,118
878	CME Group, Inc.	83,155
1,269	Discover Financial Services	71,508
1,719	E*TRADE Financial Corp. *	49,086
1,465	Franklin Resources, Inc.	75,184
2,103	Interactive Brokers Group, Inc.	71,544
1,816	Invesco Ltd.	72,077
1,202	Legg Mason, Inc.	66,350
1,649	NASDAQ OMX Group, Inc.	84,000
1,237	Raymond James Financial, Inc.	70,237
2,165	Santander Consumer USA Holdings, Inc.	50,098
1,128	T. Rowe Price Group, Inc.	91,345
1,799	TD Ameritrade Holding Corp.	67,031
1,089	Visa, Inc. ^	71,231
		1,393,107
	ELECTRIC - 5.1 %
1,361	Alliant Energy Corp.	85,743
1,790	Ameren Corp.	75,538
1,458	American Electric Power Co., Inc.	82,013

COMPASS EMP U.S. 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares		Value
	ELECTRIC (Continued) - 5.1 %
2,408	CMS Energy Corp.	$                                    84,063
1,494	Consolidated Edison, Inc. ^	91,134
1,113	Dominion Resources, Inc.	78,878
1,005	DTE Energy Co.	81,093
1,261	Edison International	78,775
987	Entergy Corp.	76,483
1,610	Eversource Energy	81,337
2,061	Exelon Corp.	69,270
927	Integrys Energy Group, Inc.	66,763
2,106	ITC Holdings Corp.	78,828
838	NextEra Energy, Inc.	87,194
2,479	OGE Energy Corp.	78,361
1,544	PG&E Corp.	81,940
1,312	Pinnacle West Capital Corp.	83,640
1,587	Public Service Enterprise Group, Inc. ^	66,527
1,472	SCANA Corp.	80,945
2,057	Southern Co.	91,084
2,303	Westar Energy, Inc.	89,264
1,526	Wisconsin Energy Corp. ^	75,537
2,379	Xcel Energy, Inc.	82,813
		1,847,223
	ELECTRICAL COMPONENTS & EQUIPMENT - 1.0 %
294	Acuity Brands, Inc.	49,439
1,368	AMETEK, Inc. ^	71,875
1,331	Emerson Electric Co.	75,361
678	Energizer Holdings, Inc.	93,598
545	Hubbell, Inc. - Cl. B	59,743
		350,016
	ELECTRONICS - 2.6 %
1,654	Agilent Technologies, Inc.	68,724
1,326	Amphenol Corp. - Cl. A	78,141
1,050	Arrow Electrionics, Inc. *	64,208
1,461	Avnet, Inc.	65,015
2,870	Corning, Inc.	65,092
4,517	Flextronics International Ltd. *	57,253
3,680	Gentex Corp.	67,344
850	Honeywell International, Inc.	88,664
255	Mettler-Toledo International, Inc. *	83,806
1,680	PerkinElmer, Inc.	85,915
603	Thermo Fisher Scientific, Inc.	81,007
1,938	Trimble Navigation Ltd. *	48,838
603	Waters Corp. *	74,965
		928,972
	ENERGY-ALTERNATE SOURCES - 0.1 %
558	First Solar, Inc. *	33,363
	ENGINEERING & CONSTRUCTION - 0.3 %
945	Fluor Corp.	54,016
1,420	Jacobs Engineering Group, Inc. * ^	64,127
		118,143
	ENTERTAINMENT - 0.2 %
885	Madison Square Garden Co. *	74,915
	ENVIRONMENTAL CONTROL - 0.9 %
2,755	Republic Services, Inc.	111,743
900	Stericycle, Inc. *	126,387
1,985	Waste Connections, Inc.	95,558
		333,688
	FOOD - 3.5 %
2,134	Campbell Soup Co.	99,338
1,875	General Mills, Inc.	106,125
947	Hain Celestial Group, Inc. *	60,655
936	Hershey Co. ^	94,452
1,496	Hormel Foods Corp.	85,048
1,170	Ingredion, Inc.	91,049

COMPASS EMP U.S. 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares		Value
	FOOD (Continued) - 3.5 %
843	JM Smucker Co.	$                                    97,560
1,272	Kroger Co.	97,512
1,398	McCormick & Co., Inc. ^	107,800
2,510	Mondelez International, Inc. - Cl. A	90,586
1,216	Pilgrim's Pride Corp. * ^	27,469
1,569	Sprouts Farmers Market, Inc. *	55,276
2,327	Sysco Corp.	87,798
1,610	Tyson Foods, Inc. - Cl. A	61,663
1,198	WhiteWave Foods Co. *	53,119
1,080	Whole Foods Market, Inc.	56,246
		1,271,696
	GAS - 1.0 %
1,526	Atmos Energy Corp.	84,388
3,390	CenterPoint Energy, Inc.	69,190
1,192	National Fuel Gas Co.	71,913
1,642	NiSource, Inc.	72,511
748	Sempra Energy	81,547
		379,549
	HAND & MACHINE TOOLS - 0.6 %
1,074	Lincoln Electric Holdings, Inc.	70,229
557	Snap-on, Inc.	81,912
832	Stanley Black & Decker, Inc.	79,340
		231,481
	HEALTHCARE-PRODUCTS - 3.6 %
1,433	Baxter International, Inc.	98,161
566	Becton Dickinson and Co.	81,272
386	Cooper Cos., Inc.	72,344
1,798	DENTSPLY International, Inc.	91,500
404	Edwards Lifesciences Corp. *	57,554
721	Henry Schein, Inc. * ^	100,666
466	IDEXX Laboratories, Inc. *	71,988
103	Intuitive Surgical, Inc. * ^	52,018
2,026	Patterson Cos., Inc.	98,849
1,003	ResMed, Inc. ^	71,995
1,072	Sirona Dental Systems, Inc. *	96,469
1,052	St. Jude Medical, Inc. ^	68,801
1,082	Stryker Corp.	99,815
864	Teleflex, Inc.	104,397
843	Varian Medical Systems, Inc. *	79,318
648	Zimmer Holdings, Inc.	76,153
		1,321,300
	HEALTHCARE SERVICES - 2.2 %
668	Aetna, Inc.	71,162
467	Anthem, Inc.	72,109
871	Centene Corp. *	61,571
606	Cigna Corp.	78,441
1,172	DaVita HealthCare Partners, Inc. *	95,260
730	HCA Holdings, Inc. *	54,918
601	Laboratory Corp. of America Holdings *	75,780
1,076	MEDNAX, Inc. *	78,021
1,067	Quest Diagnostics, Inc. ^	81,999
632	UnitedHealth Group, Inc.	74,759
498	Universal Health Services, Inc. - Cl. B	58,620
		802,640
	HOME BUILDERS - 0.8 %
1,786	DR Horton, Inc.	50,865
1,130	Lennar Corp. - Cl. A ^	58,546
55	NVR, Inc. *	73,076
2,520	PulteGroup, Inc. ^	56,020
1,621	Toll Brothers, Inc. * ^	63,770
		302,277

COMPASS EMP U.S. 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares		Value
	HOME FURNISHINGS - 0.3 %
274	Harman International Industries, Inc.	$                                    36,615
304	Whirlpool Corp.	61,426
		98,041
	HOUSEHOLD PRODUCTS/WARES - 0.6 %
1,336	Church & Dwight Co., Inc.	114,121
867	Clorox Co. ^	95,708
		209,829
	HOUSEWARES - 0.2 %
2,050	Newell Rubbermaid, Inc.	80,094
	INSURANCE - 5.8 %
1,667	Aflac, Inc.	106,705
200	Alleghany Corp. *	97,400
1,578	Allstate Corp.	112,306
1,799	American Financial Group, Inc.	115,406
1,595	American International Group, Inc.	87,390
2,414	Arthur J Gallagher & Co. - Cl. B	112,855
1,088	Chubb Corp.	109,997
2,131	Cincinnati Financial Corp.	113,540
2,241	CNA Financial Corp.	92,845
2,098	HCC Insurance Holdings, Inc.	118,894
1,093	Lincoln National Corp.	62,804
152	Markel Corp. *	116,882
1,938	Marsh & McLennan Cos., Inc.	108,702
1,349	MetLife, Inc.	68,192
1,427	Principal Financial Group, Inc.	73,305
3,941	Progressive Corp.	107,195
1,013	Reinsurance Group of America, Inc.	94,401
1,843	Torchmark Corp.	101,218
1,044	Travelers Cos., Inc.	112,888
1,783	Voya Financial, Inc.	76,865
2,088	WR Berkley Corp.	105,465
		2,095,255
	INTERNET - 1.6 %
2,017	CDW Corp.	75,113
477	F5 Networks, Inc. * ^	54,826
732	Facebook, Inc. *	60,181
130	Google, Inc. - Cl. A *	72,111
77	Netflix, Inc. *	32,085
46	Priceline Group, Inc. *	53,551
2,967	Symantec Corp.	69,324
393	TripAdvisor, Inc. *	32,686
988	Verisign, Inc. * ^	66,166
1,169	Yahoo!, Inc. *	51,945
		567,988
	INVESTMENT COMPANIES - 0.3 %
5,532	Ares Capital Corp. ^	94,984
	IRON/STEEL - 0.2 %
1,419	Nucor Corp.	67,445
	LEISURE TIME - 0.7 %
959	Harley-Davidson, Inc.	58,250
1,353	Jarden Corp. *	71,574
413	Polaris Industries, Inc.	58,274
612	Royal Caribbean Cruises Ltd.	50,092
		238,190
	LODGING - 1.2 %
2,393	Hilton Worldwide Holding, Inc. *	70,881
1,289	Hyatt Hotels Corp. - Cl. A *	76,335
954	Las Vegas Sands Corp.	52,508
907	Marriott International, Inc. - Cl. A ^	72,850
695	Starwood Hotels & Resorts Worldwide, Inc.	58,032

COMPASS EMP U.S. 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares		Value
	LODGING (Continued) - 1.2 %
771	Wyndham Worldwide Corp.	$                                    69,752
376	Wynn Resorts Ltd.	47,331
		447,689
	MACHINERY-CONSTRUCTION & MINING - 0.2 %
790	Caterpillar, Inc.	63,224
	MACHINERY DIVERSIFIED - 1.7 %
459	Cummins, Inc.	63,636
984	Deere & Co. ^	86,287
874	Flowserve Corp.	49,372
1,156	IDEX Corp. ^	87,659
480	Middleby Corp. *	49,272
575	Rockwell Automation, Inc. ^	66,694
498	Roper Industries, Inc. ^	85,656
708	Wabtec Corp.	67,267
1,941	Xylem, Inc.	67,974
		623,817
	MEDIA -  3.4 %
868	AMC Networks, Inc. *	66,524
3,051	Cablevision Systems Corp.	55,833
1,040	CBS Corp. - Cl. B	63,055
1,347	Comcast Corp. - Cl. A ^	76,065
1,486	Discovery Communications, Inc. - Cl. A *	45,709
774	DISH Network Corp. *	54,226
603	FactSet Research Systems, Inc.	95,998
1,580	Gannett Co., Inc.	58,586
1,826	Liberty Media Corp. *	70,392
4,474	News Corp. *	71,629
1,714	Nielsen NV	76,393
977	Scripps Networks Interactive, Inc. Cl. A ^	66,983
20,039	Sirius XM Holdings, Inc. *	76,549
426	Time Warner Cable, Inc. - Cl. A	63,849
540	Time Warner, Inc.	45,598
693	Tribune Media Co.	42,141
1,856	Twenty-First Century Fox, Inc.	62,807
945	Viacom, Inc. - Cl. B	64,544
808	Walt Disney Co. ^	84,751
		1,241,632
	METAL FABRICATE/HARDWARE - 0.2 %
313	Precision Castparts Corp.	65,730
	MINING - 0.1 %
1,759	Southern Copper Corp. ^	51,328
	MISCELLANEOUS MANUFACTURING - 3.0 %
593	3M Co.	97,815
1,114	AO Smith Corp.	73,145
737	Carlisle Cos., Inc.	68,268
1,042	Colfax Corp. * ^	49,735
1,060	Danaher Corp.	89,994
2,078	Donaldson Co., Inc.	78,361
940	Dover Corp.	64,973
857	Eaton Corp. PLC	58,225
3,851	General Electric Co.	95,543
1,025	Illinois Tool Works, Inc.	99,569
1,141	Ingersoll-Rand PLC	77,679
840	Pall Corp.	84,328
537	Parker Hannifin Corp.	63,785
1,353	Textron, Inc.	59,978
1,018	Trinity Industries, Inc.	36,149
		1,097,547
	OFFICE/BUSINESS EQUIPMENT - 0.2 %
4,681	Xerox Corp.	60,151

COMPASS EMP U.S. 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares		Value
	OIL & GAS - 1.9 %
636	Chevron Corp.	$                                    66,767
343	Cimarex Energy Co.	39,476
290	Concho Resources, Inc. *	33,617
574	Continental Resources, Inc. *	25,067
483	EOG Resources, Inc.	44,286
913	Exxon Mobil Corp.	77,605
521	Helmerich & Payne, Inc.	35,464
1,661	Marathon Oil Corp.	43,369
493	Marathon Petroleum Corp.	50,478
988	Murphy Oil Corp.	46,041
871	Noble Energy, Inc.	42,592
626	Phillips 66	49,204
816	Range Resources Corp.	42,465
1,818	Southwestern Energy Co. * ^	42,159
844	Valero Energy Corp.	53,695
		692,285
	OIL & GAS SERVICES - 1.1 %
692	Baker Hughes, Inc.	43,997
1,020	Cameron International Corp. *	46,022
697	Dresser-Rand Group, Inc. * ^	56,004
1,187	FMC Technologies, Inc. *	43,931
957	Halliburton Co.	41,993
1,006	National Oilwell Varco, Inc. ^	50,290
936	Oceaneering International, Inc.	50,478
636	Schlumberger Ltd.	53,068
		385,783
	PACKAGING & CONTAINERS - 1.0 %
977	Ball Corp.	69,015
1,281	Crown Holdings, Inc. *	69,200
1,229	MeadWestvaco Corp.	61,290
781	Packaging Corp. of America	61,066
914	Rock Tenn Co. - Cl. A	58,953
1,242	Sealed Air Corp.	56,586
		376,110
	PHARMACEUTICALS - 2.9 %
1,876	Abbott Laboratories	86,915
1,128	Bristol-Myers Squibb Co.	72,756
1,019	Cardinal Health, Inc.	91,985
1,289	Eli Lilly & Co.	93,646
940	Express Scripts Holding Co. *	81,564
930	Johnson & Johnson	93,558
362	McKesson Corp.	81,884
657	Mead Johnson Nutrition Co.	66,048
1,408	Merck & Co., Inc.	80,932
915	Mylan *	54,305
2,885	Pfizer, Inc.	100,369
1,080	Quintiles Transnational Holdings, Inc. *	72,328
1,410	Zoetis, Inc. *	65,269
		1,041,559
	PIPELINES - 0.5 %
1,458	Kinder Morgan, Inc.	61,323
944	ONEOK, Inc. ^	45,539
2,003	Spectra Energy Corp. ^	72,449
		179,311
	REAL ESTATE - 0.4 %
2,247	CBRE Group, Inc. - Cl. A *	86,981
442	Jones Lang LaSalle, Inc.	75,317
		162,298
	RETAIL - 6.7 %
439	Advanced Auto Parts, Inc.	65,714
884	AutoNation, Inc. *	56,868
148	AutoZone, Inc. *	100,960
868	Bed Bath & Beyond, Inc. *	66,641
981	Best Buy Co., Inc. ^	37,072
688	CarMax, Inc. *	47,479

COMPASS EMP U.S. 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares		Value
	RETAIL (Continued) - 6.7 %
88	Chipotle Mexican Grill, Inc. - Cl. A * ^	$                                    57,248
1,257	Coach, Inc.	52,078
675	Costco Wholesale Corp. ^	102,259
1,001	CVS Health Corp.	103,313
967	Dick's Sporting Goods, Inc.	55,109
392	Dillard's, Inc. - Cl. A	53,512
822	Dollar General Corp. *	61,962
1,023	Dollar Tree, Inc. *	83,011
736	Domino's Pizza, Inc.	74,005
969	Foot Locker, Inc.	61,047
1,353	Gap, Inc.	58,625
662	Home Depot, Inc.	75,210
849	Kohl's Corp.	66,434
806	L Brands, Inc.	75,998
1,092	Lowe's Cos., Inc.	81,234
1,029	Macy's, Inc.	66,792
999	McDonald's Corp.	97,343
945	Nordstrom, Inc.	75,902
351	O'Reilly Automotive, Inc. * ^	75,900
4,404	Rite Aid Corp. *	38,271
624	Ross Stores, Inc.	65,745
2,326	Sally Beauty Holdings, Inc. *	79,945
2,669	Staples, Inc. ^	43,465
889	Starbucks Corp.	84,188
1,053	TJX Cos., Inc.	73,763
606	Tractor Supply Co. ^	51,546
366	Ulta Salon Cosmetics & Fragrance, Inc. *	55,211
1,005	Urban Outfitters, Inc. *	45,878
1,144	Wal-Mart Stores, Inc.	94,094
710	Williams-Sonoma, Inc.	56,594
		2,440,416
	SAVINGS & LOANS - 0.5 %
7,271	Hudson City Bancorp, Inc.	76,200
6,076	New York Community Bancorp, Inc. ^	101,651
		177,851
	SEMICONDUCTORS - 2.5 %
2,032	Altera Corp.	87,193
1,161	Analog Devices, Inc.	73,143
2,391	Applied Materials, Inc. ^	53,941
1,836	Intel Corp.	57,412
521	IPG Photonics Corp. * ^	48,297
948	KLA-Tencor Corp.	55,259
757	Lam Research Corp. ^	53,168
1,521	Linear Technology Corp. ^	71,183
1,090	Microchip Technology, Inc. ^	53,301
1,401	Micron Technology, Inc. *	38,009
2,333	NVIDIA Corp.	48,818
3,298	ON Semiconductor Corp. *	39,939
790	QUALCOMM, Inc.	54,779
422	Skyworks Solutions, Inc.	41,478
1,280	Texas Instruments, Inc.	73,197
1,221	Xilinx, Inc. ^	51,648
		900,765
	SHIPBUILDING - 0.2 %
465	Huntington Ingalls Industries, Inc.	65,170
	SOFTWARE - 3.8 %
764	Adobe Systems, Inc. *	56,490
827	Akamai Technologies, Inc. *	58,754
1,063	ANSYS, Inc. *	93,746
962	Autodesk, Inc. *	56,412
1,843	Broadridge Financial Solutions Services, Inc.	101,383
2,468	CA, Inc. ^	80,481
1,139	Cerner Corp. *	83,443
1,184	Citrix Systems, Inc. *	75,622

COMPASS EMP U.S. 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares		Value
	SOFTWARE (Continued) - 3.8 %
1,555	Fidelity National Information Services, Inc.	$                                  105,833
1,343	Fiserv, Inc. *	106,634
1,573	Microsoft Corp. ^	63,950
1,417	MSCI, Inc. - Cl. A	86,876
1,733	Oracle Corp.	74,779
2,149	Paychex, Inc.	106,623
718	Rackspace Hosting, Inc. *	37,042
909	Red Hat, Inc. *	68,857
890	SS&C Technologies Holdings, Inc.	55,447
678	VMware, Inc. - Cl. A *	55,603
		1,367,975
	TELECOMMUNICATIONS - 1.4 %
1,972	CenturyLink, Inc. ^	68,133
2,557	Cisco Systems, Inc.	70,381
1,287	EchoStar Corp. *	66,564
1,694	Fortinet, Inc. *	59,205
6,340	Frontier Communications Corp.	44,697
986	Harris Corp.	77,657
1,079	Level 3 Communications, Inc. *	58,093
1,241	Motorola Solutions, Inc.	82,737
		527,467
	TEXTILES - 0.2 %
356	Mohawk Industries, Inc. * ^	66,127
	TOYS & GAMES - 0.2 %
1,107	Hasbro, Inc.	70,007
	TRANSPORTATION - 2.0 %
914	CH Robinson Worldwide, Inc. ^	66,923
1,942	CSX Corp.	64,319
1,499	Expeditors International of Washington, Inc.	72,222
439	FedEx Corp.	72,633
560	Genesee & Wyoming, Inc. *	54,006
987	JB Hunt Transport Services, Inc. ^	84,285
535	Kansas City Southern	54,613
616	Norfolk Southern Corp.	63,399
948	Old Dominion Freight Line, Inc. * ^	73,280
564	Union Pacific Corp.	61,087
780	United Parcel Service, Inc.	75,613
		742,380
	TRUCKING & LEASING - 0.2 %
194	AMERCO	64,098
	WATER - 0.2 %
1,697	American Water Works Co., Inc.	91,994
	TOTAL COMMON STOCK - (Cost - $31,037,751)	35,609,142
	SHORT-TERM INVESTMENTS - 1.4 %
	MONEY MARKET FUND - 1.4 %
496,473	AIM STIT - Liquid Assets Portfolio, Institutional Class, 0.08% **	496,473
	TOTAL SHORT-TERM INVESTMENTS (Cost - $496,473)
	COLLATERAL FOR SECURITIES LOANED - 12.3 %
4,444,751	Mount Vernon Securities Lending Prime Portfolio	4,444,751
	TOTAL COLLATERAL FOR SECURITIES LOANED (Cost - $4,444,751)
	TOTAL INVESTMENTS - 111.9 % (Cost - $35,978,975) (a)	$                             40,550,366
	LIABILITIES IN EXCESS OF OTHER ASSETS - (11.9) %	(4,296,238)
	NET ASSETS - 100.0 %	$                             36,254,128

COMPASS EMP U.S. 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
*   Non-income producing security.
** Money market fund; interest rate reflects seven day effective yield on March 31, 2015.
^  All or a portion of this security is on loan.
(a) Represents cost for financial reporting purposes. Aggregate cost for federal tax purposes is $35,978,143
and differs from value by net unrealized appreciation/(depreciation) on securities as follows:
	Unrealized appreciation			$                               5,214,737
	Unrealized depreciation			(642,514)
	Net unrealized appreciation			$                               4,572,223
Number of			Underlying Face Amount	Unrealized
Contracts			at Value	Appreciation
		LONG FUTURES CONTRACTS - 0.0%
		Equity Futures - 0.0%
6		S&P Mini Future, Jun 2015	$                                                618,225	$                                      2,688
		TOTAL LONG FUTURES CONTRACTS	$                                              618,225	$                                    2,688

COMPASS EMP U.S. SMALL CAP 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2015
Shares		Value
	COMMON STOCK - 96.8 %
	AEROSPACE/DEFENSE - 0.3 %
789	AAR Corp.	$                                             24,222
274	Astronics Corp. *	20,194
		44,416
	AGRICULTURE - 0.1 %
547	Andersons, Inc.	22,629
	AIRLINES - 0.1 %
1,753	Republic Airways Holdings, Inc. *	24,104
	APPAREL - 0.8 %
254	G-III Apparel Group Ltd. *	28,613
1,227	Iconix Brand Group, Inc. * ^	41,313
827	Steven Madden Ltd. *	31,426
739	Unifi, Inc. *	26,671
		128,023
	AUTO MANUFACTERER - 0.1 %
1,425	Wabash National Corp. * ^	20,092
	AUTO PARTS & EQUIPMENT - 1.1 %
1,527	American Axle & Manufacturing Holdings, Inc. *	39,442
1,017	Cooper Tire & Rubber Co.	43,568
647	Dorman Products, Inc. * ^	32,188
418	Gentherm, Inc. *	21,113
1,652	Meritor, Inc.*	20,832
734	Standard Motor Products, Inc.	31,019
		188,162
	BANKS - 12.3 %
2,354	Associated Banc-Corp.	43,784
771	BancFirst Corp.	47,016
1,382	BancorpSouth, Inc.	32,090
830	Bank of Hawaii Corp. ^	50,804
867	Banner Corp.	39,795
2,414	BBCN Bancorp, Inc.	34,931
2,599	Boston Private Financial Holdings, Inc.	31,578
1,648	Capital Bank Financial Corp. - Cl. A *	45,501
511	Cass InformationSystems, Inc.	28,688
1,355	Cathay General Bancorp ^	38,550
1,411	Chemical Financial Corp.	44,249
1,382	Columbia Banking System, Inc.	40,037
1,247	Community Bank System, Inc. ^	44,131
2,386	CVB Financial Corp. ^	38,033
1,228	Eagle Bancorp, Inc. *	47,155
2,214	First Financial Bancorp	39,431
1,335	First Financial Bankshares, Inc. ^	36,899
1,631	First Interstate Bancsystem, Inc.	45,374
1,799	First Merchants Corp.	42,348
2,326	First Midwest Bancorp, Inc. ^	40,403
3,223	FNB Corp.	42,350
3,842	Fulton Financial Corp.	47,410
1,349	Glacier Bancorp, Inc.	33,927
1,094	Hancock Holding Co.	32,667
1,787	Hilltop Holdings, Inc. *	34,739
1,016	Home BancShares, Inc.	34,432
587	Iberiabank Corp.	36,999
1,074	Independent Bank Corp. ^	47,116
1,193	International Bancshares Corp.	31,054
1,185	Legacy Texas Financial Group, Inc.	26,935
1,147	MB Financial, Inc.	35,913
3,873	National Penn Bancshares, Inc.	41,712
1,686	NBT Bancorp, Inc.	42,251
2,756	Old National Bancorp	39,108
494	Park National Corp. ^	42,267
820	Pinnacle Financial Partners, Inc. ^	36,457
994	PrivateBancorp, Inc. ^	34,959

COMPASS EMP U.S. SMALL CAP 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares		Value
	BANKS (Continued) - 12.3 %
1,504	Renasant Corp. ^	$                                             45,195
580	South State Corp.	39,666
1,705	Susquehanna Bancshares, Inc.	23,376
3,245	Talmer Bancorp, Inc.	49,697
2,617	TCF Financial Corp.	41,139
640	Texas Capital Bancshares, Inc. *	31,136
1,743	Trustmark Corp.	42,320
689	UMB Financial Corp.	36,441
1,695	Union Bankshares Corp.	37,646
1,009	United Bankshares, Inc. ^	37,918
1,769	United Community Banks, Inc. *	33,399
5,400	Valley National Bancorp ^	50,976
1,255	WesBanco, Inc. ^	40,888
987	Westamerica Bancorporation	42,648
1,204	Western Alliance Bancorp *	35,687
925	Wintrust Financial Corp. ^	44,104
		2,083,329
	BIOTECHNOLOGY - 0.8 %
537	Acorda Therapeutics, Inc. * ^	17,871
555	Cambrex Corp. *	21,995
269	Ligand Pharmaceuticals, Inc. - Cl. B * ^	20,743
700	Myriad Genetics, Inc. * ^	24,780
3,712	PDL BioPharma, Inc. ^	26,114
719	Repligen Corp. *	21,829
		133,332
	BUILDING MATERIALS - 1.5 %
1,390	AAON, Inc.	34,097
696	Apogee Enterprises, Inc.	30,067
747	Boise Cascade Co. *	27,983
586	Drew Industries, Inc.	36,062
451	Patrick Industries, Inc. *	28,084
992	Simpson Manufacturing Co., Inc.	37,071
472	Trex Co., Inc. * ^	25,738
641	Universal Forest Products, Inc.	35,563
		254,665
	CHEMICALS - 2.8 %
614	A Schulman, Inc.	29,595
1,409	Aceto Corp.	30,998
475	Balchem Corp.	26,305
724	Cabot Corp.	32,580
1,828	Calgon Carbon Corp.	38,516
2,152	Ferro Corp. *	27,008
727	HB Fuller Co.	31,166
671	Innophos Holdings, Inc.	37,818
827	Innospec, Inc.	38,365
399	Minerals Technologies, Inc.	29,167
1,139	Olin Corp. ^	36,494
951	OM Group, Inc.	28,559
448	Quaker Chemical Corp. ^	38,367
1,063	Stepan Co.	44,285
		469,223
	COMMERCIAL SERVICES - 5.3 %
1,103	Aaron's, Inc.	31,226
1,673	ABM Industries, Inc.	53,302
848	American Public Education, Inc. *	25,423
1,411	AMN Healthcare Services, Inc. *	32,552
1,047	Apollo Education Group, Inc. *	19,809
437	Capella Education Co.	28,353
872	Cardtronics, Inc. *	32,787
1,542	Carriage Services, Inc.	36,808
1,022	CorVel Corp. *	35,167
747	DeVry Education Group, Inc.	24,920
512	Euronet Worldwide, Inc. *	30,080
852	Grand Canyon Education, Inc. *	36,892
502	Huron Consulting Group, Inc. *	33,207

COMPASS EMP U.S. SMALL CAP 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares		Value
	COMMERCIAL SERVICES (Continued) - 5.3 %
1,039	ICF International, Inc. *	$                                             42,443
648	Insperity, Inc.	33,884
1,755	Kelly Services, Inc. - Cl. A	30,607
1,196	Korn/Ferry International	39,313
1,004	Matthews International Corp. - Cl. A	51,716
1,407	McGrath RentCorp.	46,304
664	Monro Muffler Brake, Inc. ^	43,193
484	Multi-Color Corp.	33,556
611	On Assignment, Inc. *	23,444
481	Providence Service Corp. *	25,551
882	Rent-A-Center, Inc.	24,202
1,669	Resources Connection, Inc.	29,207
2,126	RPX Corp. *	30,593
1,228	TrueBlue, Inc. *	29,902
		904,441
	COMPUTERS - 2.6 %
595	CACI International, Inc. - Cl. A *	53,502
819	Electronics for Imaging, Inc. *	34,193
912	Engility Holdings, Inc. ^	27,396
442	EPAM Systems, Inc. *	27,090
1,116	ExlService Holdings, Inc. *	41,515
945	Insight Enterprises, Inc. *	26,951
593	MTS Systems Corp.	44,860
619	Netscout Systems, Inc. * ^	27,143
757	Science Applications International Corp.	38,872
500	Super Micro Computer, Inc. *	16,605
1,357	Sykes Enterprises, Inc. *	33,721
1,368	TeleTech Holdings, Inc.	34,816
963	Virtusa Corp. *	39,849
		446,513
	DISTRIBUTION/WHOLESALE - 0.7 %
526	Core-Mark Holding Co., Inc.	33,832
725	H&E Equipment Services, Inc.	18,118
811	ScanSource, Inc. *	32,967
907	United Stationers, Inc. ^	37,178
		122,095
	DIVERSIFIED FINANCIAL SERVICES - 2.8 %
1,638	Aircastle Ltd.	36,789
930	Cohen & Steers, Inc.	38,083
527	Ellie Mae, Inc. * ^	29,148
1,075	Encore Capital Group, Inc. * ^	44,709
627	Evercore Partners, Inc. - Cl. A	32,391
427	Financial Engines, Inc. ^	17,861
746	Greenhill & Co., Inc. ^	29,579
2,482	Manning & Napier, Inc.	32,291
401	MarketAxess Holdings, Inc.	33,243
996	Nelnet, Inc. - Cl. A	47,131
551	Piper Jaffray Cos. * ^	28,905
708	PRA Group, Inc. * ^	38,459
197	Virtus Investment Partners, Inc.	25,762
406	WageWorks, Inc. *	21,652
853	WisdomTree Investments, Inc.	18,305
		474,308
	ELECTRIC - 3.2 %
961	ALLETE, Inc.	50,702
1,360	Avista Corp. ^	46,485
854	Black Hills Corp.	43,076
1,339	El Paso Electric Co. ^	51,739
1,697	Empire District Electric Co.	42,120
1,047	MGE Energy, Inc.	46,403
923	NorthWestern Corp. ^	49,648
826	Ormat Technologies, Inc.	31,405
1,531	Otter Tail Corp.	49,252
1,535	PNM Resources, Inc.	44,822

COMPASS EMP U.S. SMALL CAP 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares		Value
	ELECTRIC (Continued) - 3.2 %
1,432	Portland General Electric Co.	$                                             53,113
570	UIL Holdings Corp.	29,309
		538,074
	ELECTRICAL COMPONENTS & EQUIPMENT - 0.9 %
1,066	Advanced Energy Industries, Inc. *	27,354
786	Encore Wire Corp.	29,774
587	EnerSys	37,709
367	Littelfuse, Inc.	36,476
586	Universal Display Corp. * ^	27,395
		158,708
	ELECTRONICS - 3.0 %
2,500	AVX Corp.	35,675
650	Badger Meter, Inc.	38,961
1,712	Benchmark Electronics, Inc. *	41,139
452	Coherent, Inc. *	29,362
484	FARO Technologies, Inc. *	30,071
1,550	II-VI, Inc. *	28,613
482	Methode Electronics, Inc. - Cl. A	22,673
1,605	Newport Corp. *	30,591
547	OSI Systems, Inc. *	40,620
949	Plexus Corp. *	38,691
1,245	Rofin-Sinar Technologies, Inc. *	30,166
378	Rogers Corp. *	31,075
908	Sanmina Corp. *	21,965
719	Taser International, Inc. * ^	17,335
687	Tech Data Corp. *	39,688
2,745	Vishay Intertechnology, Inc. ^	37,936
		514,561
	ENERGY-ALTERNATE SOURCES - 0.2 %
2,035	FutureFuel Corp.	20,900
602	Green Plains, Inc.	17,187
		38,087
	ENGINEERING & CONSTRUCTION - 1.4 %
1,609	Comfort Systems USA, Inc.	33,853
875	EMCOR Group, Inc.	40,661
453	Exponent, Inc.	40,272
870	MasTec, Inc. *	16,791
1,554	Mistras Croup, Inc. *	29,930
1,374	MYR Group, Inc. *	43,061
1,067	Tutor Perini Corp. *	24,914
		229,482
	ENTERTAINMENT - 0.5 %
529	Marriott Vacations Worldwide Corp. ^	42,875
1,990	Speedway Motorsports, Inc.	45,272
		88,147
	ENVIRONMENTAL CONTROL - 0.6 %
592	MSA Safety, Inc.	29,529
1,680	Tetra Tech, Inc.	40,354
629	US Ecology, Inc. ^	31,431
		101,314
	FOOD - 2.0 %
688	Cal-Maine Foods, Inc. ^	26,873
938	Chefs' Warehouse, Inc. *	21,039
714	Fresh Market, Inc. * ^	29,017
526	Ingles Markets, Inc.	26,026
382	J&J Snack Foods Corp.	40,759
338	Sanderson Farms, Inc. ^	26,922
1,346	Snyders-Lance, Inc.	43,018
1,344	SpartanNash Co.	42,417
2,864	SUPERVALU, Inc. *	33,308
1,430	Tootsie Roll Industries, Inc. ^	48,503
		337,882

COMPASS EMP U.S. SMALL CAP 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares		Value
	FOREST PRODUCTS & PAPER - 0.7 %
652	Deltic Timber Corp. ^	$                                             43,195
655	Neenah Paper, Inc.	40,964
1,445	PH Glatfelter Co.	39,781
		123,940
	GAS - 0.6 %
835	Chesapeake Utlities Corp.	42,259
904	Southwest Gas Corp.	52,586
		94,845
	HAND/MACHINE TOOLS - 0.2 %
988	Franklin Electric Co., Inc. ^	37,682
	HEALTHCARE PRODUCTS - 2.9 %
521	Abaxis, Inc. * ^	33,401
741	Cantel Medical Corp.	35,197
763	CONMED Corp.	38,524
402	Cyberonics, Inc. *	26,098
853	Cynosure, Inc. *	26,162
1,115	Globus Medical, Inc. *	28,143
808	Greatbatch, Inc. *	46,743
681	Hanger, Inc. * ^	15,452
367	ICU Medical, Inc. *	34,182
694	Integra LifeSciences Holdings Corp. * ^	42,785
1,562	Luminex Corp. *	24,992
860	Masimo Corp. *	28,363
1,921	Meridian Bioscience, Inc.	36,653
1,320	Merit Medical Systems, Inc. *	25,410
892	Natus Medical, Inc. *	35,207
463	Thoratec Corp. *	19,395
		496,707
	HEALTHCARE SERVICES - 1.7 %
443	Air Methods Corp. *	20,639
443	Chemed Corp. ^	52,894
755	Ensign Group, Inc.	35,379
556	IPC The Hospitalist Co., Inc. *	25,932
924	LHC Group, Inc. *	30,520
762	Magellan Health, Inc. *	53,965
1,932	Select Medical Holdings Corp.	28,652
794	US Physical Therapy, Inc.	37,715
		285,696
	HOME BUILDERS - 2.1 %
371	Cavco Industries, Inc. *	27,847
1,577	KB Home	24,633
1,367	M/I Homes, Inc. * ^	32,589
1,323	MDC Holdings, Inc. ^	37,705
601	Meritage Homes Corp. * ^	29,233
596	Ryland Group, Inc. ^	29,049
3,422	Standard Pacific Corp. * ^	30,798
1,212	Taylor Morrison Home Corp. *	25,270
2,005	TRI Pointe Homes, Inc. *	30,937
1,402	WCI Communities, Inc. *	33,578
956	William Lyon Homes *	24,684
1,178	Winnebago Industries, Inc. ^	25,044
		351,367
	HOME FURNISHINGS - 1.4 %
522	American Woodmark Corp. *	28,569
781	DTS, Inc. *	26,609
1,193	Ethan Allen Interiors, Inc. ^	32,975
699	iRobot Corp. * ^	22,808
1,127	La-Z-Boy, Inc.	31,680
887	Select Comfort Corp. *	30,575
3,140	TiVo, Inc. *	33,315
534	Universal Electronics, Inc. *	30,139
		236,670

COMPASS EMP U.S. SMALL CAP 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares		Value
	HOUSEHOLD PRODUCTS - 0.5 %
1,547	Tumi Holdings, Inc. *	$                                             37,840
517	WD-40 Co.	45,775
		83,615
	INSURANCE - 4.5 %
462	American National Insurance Co.	45,456
692	FBL Financial Group, Inc. - Cl. A ^	42,911
1,666	Fidelity & Guaranty Life	35,319
1,458	Horace Mann Educators Corp.	49,864
587	Infinity Property & Casualty Corp.	48,163
1,216	Kemper Corp.	47,375
3,409	MBIA, Inc. *	31,704
2,282	National General Holdings Corp.	42,673
642	Navigators Group, Inc. * ^	49,973
826	Primerica, Inc.	42,043
1,391	ProAssurance Corp.	63,861
1,035	RLI Corp. ^	54,244
822	Safety Insurance Group, Inc.	49,114
1,723	Selective Insurance Group, Inc.	50,053
701	StanCorp Financial Group, Inc. ^	48,089
1,858	Symetra Financial Corp.	43,589
875	Universal Insurance Holdings, Inc.	22,391
		766,822
	INTERNET - 1.4 %
305	ePlus, Inc. *	26,514
766	HealthStream, Inc. *	19,303
1,263	NIC, Inc.	22,317
889	Overstock.com, Inc. *	21,532
1,483	Perficient, Inc. *	30,683
762	RetailMeNot, Inc. *	13,724
352	Shutterstock, Inc. * ^	24,172
417	Stamps.com, Inc. *	28,060
700	VASCO Data Security International, Inc. * ^	15,078
680	WebMD Health Corp. * ^	29,808
		231,191
	INVESTMENT COMPANIES - 1.8 %
6,071	FS Investment Corp.	61,560
2,874	Hercules Technology Growth Capital, Inc. ^	38,742
1,409	Main Street Capital Corp. ^	43,538
4,461	New Mountain Finance Corp.	65,131
3,155	Solar Capital Ltd.	63,857
1,438	TPG Specialty Lending, Inc.	24,748
		297,576
	IRON/STEEL - 0.5 %
751	Carpenter Technology Corp. ^	29,199
1,974	Commercial Metals Co. ^	31,959
945	Worthington Industries, Inc.	25,146
		86,304
	LEISURE TIME - 0.6 %
2,143	Fox Factory Holding Corp. *	32,874
1,295	Interval Leisure Group, Inc.	33,942
415	Life Time Fitness, Inc. *	29,448
		96,264
	MACHINERY-CONSTRUCTION & MINING - 0.5 %
760	Astec Industries, Inc. ^	32,589
436	Hyster-Yale Materials Handling, Inc. - Cl. A	31,954
860	Terex Corp.	22,867
		87,410
	MACHINERY-DIVERSIFIED - 1.7 %
411	Alamo Group, Inc.	25,946
1,070	Albany International Corp.	42,532
1,223	Altra Industrial Motion Corp. ^	33,804
904	Applied Industrial Technologies, Inc. ^	40,987
504	Chart Industries, Inc. *	17,678
1,054	Columbus McKinnon Corp.	28,395

COMPASS EMP U.S. SMALL CAP 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares		Value
	MACHINERY-DIVERSIFIED (Continued) - 1.7 %
478	DXP Enterprises, Inc. *	$                                             21,075
526	Lindsay Corp. ^	40,107
534	Tennant Co.	34,908
		285,432
	MEDIA - 0.8 %
3,039	Entravision Communications Corp.	19,237
1,785	Gray Television, Inc. *	24,669
1,608	Journal Communications, Inc. *	23,831
774	Meredith Corp. ^	43,166
936	Sinclair Broadcast Group, Inc. ^	29,400
		140,303
	METAL FABRICATE & HARDWARE - 1.6 %
497	CIRCOR International, Inc.	27,186
698	LB Foster Co.	33,141
1,216	Mueller Industries, Inc.	43,934
664	RBC Bearings, Inc.	50,823
1,396	Rexnord Corp. *	37,259
762	Sun Hydraulics Corp.	31,516
376	Valmont Industries, Inc.	46,203
		270,062
	MINING - 0.7 %
1,398	Globe Specialty Metals, Inc.	26,450
729	Kaiser Aluminum Corp. ^	56,053
588	Materion Corp.	22,597
404	US Silica Holdings, Inc. ^	14,386
		119,486
	MISCELLANEOUS MANUFACTURING - 3.0 %
1,635	Actuant Corp.	38,815
409	American Railcar Industries, Inc. ^	20,340
719	AZZ, Inc.	33,498
908	Barnes Group, Inc.	36,765
652	EnPro Industries, Inc.	42,999
2,069	Federal Signal Corp.	32,670
719	GP Strategies Corp. *	26,603
1,265	Hillenbrand, Inc.	39,051
950	Lydall, Inc. *	30,134
513	Park-Ohio Holdings Corp.	27,020
337	Proto Labs, Inc. * ^	23,590
1,484	Raven Industries, Inc. ^	30,363
1,617	Smith & Wesson Holding Corp. *	20,584
522	Standex International Corp.	42,872
1,383	Tredegar Corp.	27,812
877	TriMas Corp. *	27,003
		500,119
	OFFICE FURNISHINGS - 0.7 %
671	HNI Corp.	37,019
1,917	Knoll, Inc.	44,915
1,873	Steelcase, Inc. ^	35,475
		117,409
	OIL & GAS - 0.8 %
804	Atwood Oceanics, Inc.	22,600
684	Matador Resources Co. * ^	14,993
840	Oasis Petroleum, Inc. *	11,945
4,268	Pacific Drilling SA *	16,603
996	Patterson-UTI Energy, Inc.	18,700
785	Rosetta Resources, Inc. *	13,361
1,161	Synergy Resources Corp. *	13,758
1,119	Ultra Petroleum Corp. * ^	17,490
		129,450
	OIL & GAS SERVICES - 1.6 %
1,145	C&J Energy Services Ltd. * ^	12,744
406	CARBO Ceramics, Inc. ^	12,387
399	Dril-Quip, Inc. *	27,288
804	Exterran Holdings, Inc.	26,990
1,255	Flotek Industries, Inc. *	18,499

COMPASS EMP U.S. SMALL CAP 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares		Value
	OIL & GAS SERVICES (Continued) - 1.6 %
1,047	Forum Energy Technologies, Inc. *	$                                             20,521
1,442	Helix Energy Solutions Group, Inc. *	21,572
1,681	MRC Global, Inc. *	19,920
2,014	Newpark Resources, Inc. *	18,348
1,472	RPC, Inc.	18,856
552	SEACOR Holdings, Inc. *	38,458
1,245	Thermon Group Holdings, Inc. *	29,967
		265,550
	PACKAGING & CONTAINERS - 0.3 %
1,073	Greif, Inc. - Cl. A ^	42,137
	PHARMACEUTICALS - 1.7 %
589	Anika Therapeutics, Inc. *	24,249
803	Depomed, Inc. *	17,995
367	Herbalife Ltd. *	15,693
271	Insys Therapeutics, Inc. *	15,753
251	Lannett Co., Inc. *	16,995
747	Natural Grocers by Vitamin Cottage, Inc. *	20,625
561	Neogen Corp. * ^	26,216
1,520	Owens & Minor, Inc. ^	51,437
668	Prestige Brands Holdings, Inc. *	28,651
856	Sagent Pharmaceuticals, Inc. *	19,902
1,063	Sucampo Pharmacueeticals, Inc. *	16,540
225	USANA Health Sciences, Inc. -  Cl. A * ^	25,002
		279,058
	PIPELINES - 0.1 %
1,292	Primoris Services Corp.	22,209
	REAL ESTATE - 0.4 %
862	Alexander & Baldwin, Inc.	37,221
741	HFF, Inc. - Cl. A ^	27,817
		65,038
	RETAIL - 6.6 %
1,294	American Eagle Outfitters, Inc. ^	22,102
772	ANN, Inc. * ^	31,675
432	Asbury Automotive Group, Inc. *	35,899
1,795	Ascena Retail Group, Inc. *	26,045
393	BJ's Restaurants, Inc. *	19,827
924	Brown Shoe, Co., Inc.	30,307
773	Buckle, Inc. ^	39,493
896	Cato Corp. - Cl. A	35,482
925	Cheesecake Factory, Inc. ^	45,630
2,699	Denny's Corp. *	30,769
1,537	Express, Inc. *	25,407
932	Finish Line, Inc.	22,853
794	First Cash Financial Services, Inc. *	36,937
694	Five Below, Inc. * ^	24,686
1,276	Francesca's Holdings Corp. * ^	22,713
416	Genesco, Inc. *	29,632
394	Group 1 Automotive, Inc. ^	34,014
612	Hibbett Sports, Inc. * ^	30,025
1,502	Krispy Kreme Doughnuts, Inc. *	30,025
222	Lithia Motors, Inc. - Cl. A	22,069
412	Lumber Liquidators Holdings, Inc. *	12,681
422	Mattress Firm Holding Corp. * ^	29,388
672	Movado Group, Inc.	19,165
829	Noodles & Co. * ^	14,458
302	Outerwall, Inc. ^	19,968
560	Papa John's International, Inc. ^	34,614
1,300	Pier 1 Imports, Inc. ^	18,174
577	Popeyes Louisiana Kitchen, Inc. *	34,516
452	PriceSmart, Inc.	38,411
292	Red Robin Gourmet Burgers, Inc. * ^	25,404
1,200	Rush Enterprises, Inc. - Cl. A *	32,832
1,289	Sonic Automotive, Inc. - Cl. A	32,096

COMPASS EMP U.S. SMALL CAP 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares		Value
	RETAIL (Continued) - 6.6 %
1,018	Sonic Corp.	$                                             32,271
1,145	Texas Roadhouse, Inc. - Cl. A	41,712
1,339	Tile Shop Holdings, Inc. *	16,215
1,616	TravelCenters of America LLC *	28,183
1,738	Vera Bradley, Inc. *	28,208
698	Vitamin Shoppe, Inc. *	28,751
679	Zumiez, Inc. * ^	27,330
		1,109,967
	SAVINGS & LOANS - 2.4 %
3,659	Astoria Financial Corp.	47,384
4,924	Beneficial Mutual Bancorp, Inc. *	55,592
382	BofI Holding, Inc. *	35,541
5,092	Capitol Federal Financial, Inc.	63,650
2,767	EverBank Financial Corp.	49,889
4,719	Northwest Bancshares, Inc.	55,920
2,565	Provident Financial Services, Inc.	47,837
2,135	Washington Federal, Inc.	46,554
		402,367
	SEMICONDUCTORS - 2.4 %
229	Ambarella, Inc. * ^	17,338
1,710	Amkor Technology, Inc. *	15,108
766	Cabot Microelectronics Corp. *	38,277
648	Cirrus Logic, Inc. *	21,552
973	Diodes, Inc. *	27,789
1,741	Integrated Silicon Solution, Inc.	31,146
1,634	Intersil Corp.	23,399
3,563	Lattice Semiconductor Corp. *	22,589
2,202	Mircel, Inc.	33,206
1,239	MKS Instruments, Inc.	41,891
506	Monolithic Power Systems, Inc.	26,641
955	OmniVision Technologies, Inc. *	25,183
4,525	Photronics, Inc. *	38,463
446	Power Integrations, Inc.	23,228
514	Silicon Laboratories, Inc. *	26,096
		411,906
	SOFTWARE - 2.9 %
888	Blackbaud, Inc.	42,073
737	CommVault Systems, Inc. *	32,207
588	Computer Programs & Systems, Inc. ^	31,905
703	Constant Contact, Inc. *	26,862
1,481	CSG Systems International, Inc.	45,008
1,028	Ebix, Inc.	31,231
448	Envestnet, Inc. *	25,124
349	Fair Isaac Corp.	30,963
1,343	Monotype Imaging Holdings, Inc.	43,836
1,197	Omnicell, Inc. * ^	42,015
836	PDF Solutions, Inc. *	14,981
1,201	Pegasystems, Inc.	26,122
1,503	Progress Software Corp. *	40,837
416	SPS Commerce, Inc. *	27,914
488	Synchronoss Technologies, Inc. * ^	23,160
		484,238
	STORAGE/WAREHOUSING - 0.3 %
634	Mobile Mini, Inc. ^	27,034
1,788	Wesco Aircraft Holdings, Inc. *	27,392
		54,426
	TELECOMMUNICATIONS - 2.2 %
1,514	ADTRAN, Inc.	28,266
483	Anixter International, Inc. * ^	36,771
572	Atlantic Tele-Network, Inc.	39,594
986	CalAmp Corp. *	15,963
983	Comtech Telecommunications Corp.	28,458
3,037	Iridium Communications, Inc. *	29,489
1,500	NeuStar, Inc. - Cl. A * ^	36,930
714	Plantronics, Inc.	37,806

COMPASS EMP U.S. SMALL CAP 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares			Value
		TELECOMMUNICATIONS (Continued) - 2.2 %
648		RigNet, Inc. *	$                                             18,526
899		Shenandoah Telecommunications Co.	28,013
584		Ubiquiti Networks, Inc.	17,257
4,888		Vonage Holdings Corp. *	24,000
1,007		West Corp.	33,966
			375,039
		TEXTILES - 0.5 %
598		G&K Services, Inc. - Cl. A	43,373
388		UniFirst Corp.	45,664
			89,037
		TRANSPORTATION - 2.7 %
644		Atlas Air Worldwide Holdings, Inc. *	27,705
1,258		CAI International, Inc. *	30,909
1,076		Celadon Group, Inc.	29,289
756		Con-way, Inc.	33,362
980		Echo Global Logistics, Inc. * ^	26,715
725		Forward Air Corp.	39,367
1,493		Heartland Express, Inc. ^	35,474
824		Hornbeck Offshore Services, Inc. *	15,499
688		Hub Group, Inc. - Cl. A * ^	27,032
1,041		Knight Transportation, Inc. ^	33,572
1,469		Marten Transport Ltd.	34,081
661		Matson, Inc.	27,868
942		Roadrunner Transportation Systems, Inc. *	23,804
642		Saia, Inc. *	28,441
1,465		Werner Enterprises, Inc.	46,016
			459,134
		TRUCKING & LEASING - 0.5 %
598		GATX Corp.	34,672
300		Greenbrier Cos, Inc. ^	17,400
939		TAL International Group, Inc. ^	38,245
			90,317
		WATER - 0.4 %
946		American States Water Co.	37,736
1,087		SJW Corp.	33,599
			71,335
		TOTAL COMMON STOCK (Cost - $15,185,045)	16,381,695
		SHORT-TERM INVESTMENTS - 2.4 %
		MONEY MARKET FUND - 2.4 %
398,347		AIM STIT - Liquid Assets Portfolio, Institutional Class, 0.08% **	398,347
		TOTAL SHORT-TERM INVESTMENTS (Cost - $398,347)
		COLLATERAL FOR SECURITIES LOANED - 19.2 %
3,252,662		Mount Vernon Securities Lending Prime Portfolio	3,252,662
		TOTAL COLLATERAL FOR SECURITIES LOANED (Cost - $3,252,662)
		TOTAL INVESTMENTS - 118.4 % (Cost- $18,836,054) (a)	$                                      20,032,704
		LIABILITIES IN EXCESS OF OTHER ASSETS - (18.4) %	(3,110,494)
		NET ASSETS - 100.0 %	$                                      16,922,210
*   Non-income producing security.
** Money market fund; interest rate reflects seven day effective yield on March 31, 2015.
^  All or a portion of this security is on loan.
(a) Represents cost for financial reporting purposes. Aggregate cost for federal tax purposes is $18,838,201
and differs from value by net unrealized appreciation/(depreciation) on securities as follows:
	Unrealized appreciation		$                                        1,768,644
	Unrealized depreciation		(574,141)
	Net unrealized appreciation		$                                        1,194,503

COMPASS EMP U.S. SMALL CAP 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Number of		Underlying Face Amount	Unrealized
Contracts		at Value	Appreciation
	LONG FUTURES CONTRACTS - 0.1 %
	Equity Futures - 0.1 %
4	Russell Mini Future, Jun 2015	$                                                     499,560	$                                             16,230
	TOTAL LONG FUTURES CONTRACTS	$                                                  499,560	$                                           16,230

COMPASS EMP INTERNATIONAL 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2015
Shares				Value
		COMMON STOCK - 97.9 %
		ADVERTISING - 0.6 %
1,236		JCDecaux SA		$                                    41,668
560		Publicis Groupe SA		43,193
2,287		WPP PLC		51,947
				136,808
		AEROSPACE/DEFENSE - 1.1 %
489		Airbus Group		31,736
6,930		BAE Systems PLC		53,823
8,000		Kawasaki Heavy Industries Ltd.		40,470
4,648		Meggitt PLC		37,823
754		Thales SA		41,859
1,090		Zodiac Aerospace		36,085
				241,796
		AGRICULTURE - 0.6 %
1,071		British American Tobacco PLC		55,430
1,018		Imperial Tobacco Group PLC		44,750
1,135		Japan Tabacco, Inc.		35,949
				136,129
		AIRLINES - 0.7 %
22,000		Cathay Pacific Ariways Ltd.		50,907
1,100		Japan Airlines Co. Ltd.		34,286
7,100		Singapore Airlines Ltd.		61,840
				147,033
		APPAREL - 1.1 %
1,847		Burberry Group PLC		47,488
245		Christian Dior SE		46,236
121		Hermes International		42,669
236		LVMH Moet Hennessy Louis Vuitton SE		41,598
461		Michael Kors Holdings Ltd. *		30,311
6,552		Prada SpA		39,720
				248,022
		AUTO MANUFACTURERS - 2.3 %
306		Bayerische Motoren Werke AG		38,263
14,000		Brilliance China Automotive Holdings Ltd.		26,978
424		Daimler AG		40,853
863		Fuji Heavy Industries Ltd.		28,704
2,136		Hino Motors Ltd.		30,530
1,302		Honda Motor Co. Ltd.		42,351
2,459		Isuzu Motors Ltd.		32,738
1,500		Mazda Motor Corp.		30,490
4,000		Mitsubishi Motors Corp.		36,170
4,443		Nissan Motor Co. Ltd.		45,322
311		Renault SA		28,309
1,071		Suzuki Motor Corp.		32,244
661		Toyota Motor Corp.		46,180
167		Volkswagen AG		43,047
				502,179
		AUTO PARTS & EQUIPMENT - 2.2 %
1,090		Aisin Seiki Co. Ltd.		39,607
428		Autoliv, Inc. ^		50,406
987		Bridgestone Corp.		39,615
447		Cie Generale des Etablissements Michelin		44,452
149		Continental AG		35,247
604		Delphi Automotive PLC		48,163
961		Denso Corp.		43,913
600		Magna International, Inc.		32,102
2,441		Pirelli & C. SpA		40,523
3,204		Sumitomo Electric Industries Ltd.		42,056
705		Toyota Industries Corp.		40,423
223		Valeo		33,297
				489,804
		BANKS - 9.3 %
2,356		Australia & New Zealand Banking Group Ltd.		65,908
3,742		Banco Bilbao Vizcaya Argentaria SA		37,803
10,012		Banco de Sabadell SA		24,501
COMPASS EMP INTERNATIONAL 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		BANKS (Continued) - 9.3 %
5,947		Banco Popular Espanol SA		$                                    29,107
4,461		Banco Santander SA		33,613
18,400		Bank of East Asia Ltd.		73,216
66,741		Bank of Ireland *		25,262
1,100		Bank of Montreal		65,892
1,400		Bank of Nova Scotia		70,188
19,996		Bankia SA *		27,870
16,500		BOC Hong Kong Holdings Ltd.		58,846
6,852		CaixaBank SA		32,484
900		Canadian Imperial Bank of Commerce		65,217
2,494		Commerzbank AG *		34,413
982		Commonwealth Bank of Australia		70,027
2,102		Credit Agricole SA		30,866
4,916		DBS Group Holdings Ltd.		72,952
2,378		DNB ASA		38,259
4,300		Hang Seng Bank Ltd.		77,926
6,385		HSBC Holdings PLC		54,374
8,097		Intesa Sanpaolo SpA		27,527
569		KBC Groep NV *		35,169
6,797		Mitsubishi UFJ Financial Group, Inc.		42,128
34,645		Mizuho Financial Group, Inc.		60,951
2,232		National Australia Bank Ltd.		65,694
1,400		National Bank of Canada		51,078
4,551		Natixis SA		34,017
2,873		Nordea Bank AB		35,062
9,169		Oversea-Chinese Banking Corp. Ltd.		70,639
6,990		Resona Holdings, Inc.		34,755
1,200		Royal Bank of Canada		72,318
3,739		Skandinaviska Enskilda Banken AB		43,724
685		Societe Generale SA		33,078
2,340		Standard Chartered PLC		37,962
1,139		Sumitomo Mitsui Financial Group, Inc.		43,680
10,024		Sumitomo Mitsui Trust Holdings, Inc.		41,394
1,048		Svenska Handelsbanken AB		47,285
2,136		Swedbank AB		51,022
1,400		Toronto-Dominion Bank		59,937
2,000		UBS AG		37,703
3,774		UniCredit SpA		25,652
3,653		United Overseas Bank Ltd.		61,238
2,125		Westpac Banking Corp.		63,892
				2,064,629
		BEVERAGES - 1.9 %
376		Anheuser-Busch InBev NV		45,947
1,400		Asahi Group Holdings Ltd.		44,495
1,992		Diageo PLC		54,954
740		Heineken Holding NV		50,935
560		Heineken NV		42,712
3,500		Kirin Holdings Co. Ltd.		46,000
433		Pernod Ricard SA		51,215
710		SABMiller PLC		37,289
1,000		Suntory Beverage & Food Ltd.		42,920
				416,467
		BIOTECHNOLOGY - 0.2 %
653		CSL Ltd.		45,928
		BUILDING MATERIALS - 1.1 %
742		Cie de St-Gobain		32,583
1,274		CRH PLC		33,077
500		Daikin Industries Ltd.		33,528
112		Geberit AG		42,066
464		Holcim Ltd.		34,688
1,500		LIXIL Group Corp.		35,590
7		Sika AG		25,060
				236,592
COMPASS EMP INTERNATIONAL 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		CHEMICALS - 4.2 %
400		Agrium, Inc.		$                                    41,673
371		Air Liquide SA		47,726
597		Akzo Nobel NV		45,143
4,390		Asahi Kasei Corp.		42,038
442		BASF SE		43,926
776		Brenntag AG		46,463
75		EMS-Chemie Holding AG		30,581
1,415		Evonik Industries AG		50,445
23		Givaudan SA		41,702
6,497		Israel Chemicals Ltd.		46,223
881		Johnson Matthey PLC		44,257
262		Linde AG		53,355
800		Nippon Paint Holdings Co. Ltd.		29,336
571		Nitto Denko Corp.		38,213
810		Novozymes A/S - Cl. B		37,022
925		OCI NV *		28,646
1,500		Potash Corp of Saskatchewan, Inc.		48,335
594		Shin-Etsu Chemical Co. Ltd.		38,861
8,000		Sumitomo Chemical Co. Ltd.		41,203
756		Symrise AG		47,766
124		Syngenta AG		42,197
729		Yara International ASA		37,076
				922,187
		COMMERCIAL SERVICES - 2.7 %
501		Adecco SA		41,759
1,746		Aggreko PLC		39,555
1,850		Ashtead Group PLC		29,752
1,343		Atlantia SpA		35,260
3,082		Babcock International Group PLC		45,016
6,385		Brambles Ltd.		56,159
2,062		Bunzl PLC		56,014
1,785		Bureau Veritas SA		38,315
2,372		Capita PLC		39,273
2,792		Experian PLC		46,269
566		Randstad Holding NV		34,327
3,374		Reed Elsevier PLC		58,016
700		Secom Co. Ltd.		46,816
20		SGS SA		38,279
				604,810
		COMPUTERS - 1.8 %
678		Accenture PLC		63,522
517		AtoS		35,680
444		Cap Gemini SA		36,411
1,000		CGI Group, Inc. *		42,378
5,000		Fujitsu Ltd.		34,132
418		Gemalto NV		33,291
324		Ingenico		35,591
1,200		Nomura Research Institute Ltd.		45,204
1,000		NTT Data Corp.		43,587
400		TDK Corp.		28,469
				398,265
		COSMETICS/ PERSONAL CARE - 1.0 %
574		Beiersdorf AG		49,864
862		Kao Corp.		43,104
291		L'Oreal SA		53,543
1,796		Svenska Cellulosa AB SCA		41,360
1,400		Unicharm Corp.		36,776
				224,647
		DISTRIBUTION/WHOLESALE - 1.6 %
10,000		Goldin Financial Holdings Ltd.		31,601
4,085		ITOCHU Corp.		44,309
1,723		Jardine Cycle & Carriage Ltd.		51,564
38,000		Li & Fung Ltd.		37,104
2,240		Mitsubishi Corp.		45,186
COMPASS EMP INTERNATIONAL 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		DISTRIBUTION/WHOLESALE (Continued) - 1.6 %
3,373		Mitsui & Co. Ltd.		$                                    45,314
1,509		Toyota Tsusho Corp.		40,055
835		Wolseley PLC		49,466
				344,599
		DIVERSIFIED FINANCIAL SERVICES - 2.2 %
5,915		Aberdeen Asset Management PLC		40,332
831		AerCap Holdings NV		36,273
4,000		Daiwa Securities Group, Inc.		31,536
654		Deutsche Boerse AG		53,414
1,871		Hong Kong Exchanges and Clearing Ltd.		45,853
1,500		IGM Financial, Inc.		53,270
580		Julius Baer Group Ltd.		29,101
1,153		London Stock Exchange Group PLC		42,063
891		Macquarie Group Ltd.		52,157
6,750		Nomura Holdings, Inc.		39,727
2,069		ORIX Corp. *		29,115
892		Schroders PLC		42,348
				495,189
		ELECTRIC - 3.0 %
4,921		AGL Energy Ltd.		57,109
12,000		China Resources Power Holdings Co. Ltd.		30,120
9,500		CLP Holdings Ltd.		83,017
9,563		EDP - Energias de Portugal SA		35,787
1,610		Electricite de France SA		38,622
2,140		Endesa SA		41,363
18,722		Enel Green Power SpA		34,960
6,399		Enel SpA		28,942
2,300		Fortis, Inc.		70,013
1,972		Fortum OYJ		41,419
9,014		Iberdrola SA		58,095
5,500		Power Assets Holdings Ltd.		56,256
533		Red Electrica Corp. SA		43,349
10,652		Terna Rete Elettrica Nazionale SpA		46,896
				665,948
		ELECTRICAL COMPONENTS & EQUIPMENT - 0.5 %
733		Legrand SA		39,622
600		Nidec Corp.		39,938
472		Schneider Electric SE		36,669
				116,229
		ELECTRONICS - 1.3 %
861		Hoya Corp.		34,568
72		Keyence Corp.		39,363
830		Kyocera Corp.		45,598
300		Murata Manufacturing Co. Ltd.		41,341
700		Omron Corp.		31,619
808		Sensata Technologies Holding NV * ^		46,420
641		TE Connectivity Ltd.		45,908
				284,817
		ENERGY-ALTERNATE SOURCES - 0.1 %
506		Vestas Wind Systems A/S		20,938
		ENGINEERING & CONSTRUCTION - 1.7 %
952		ACS Actividades de Construccion y Servicios SA		33,735
445		Aeroports de Paris		53,184
1,009		Bouygues SA		39,590
7,000		Cheung Kong Infrastructure Holdings Ltd.		60,177
2,282		Ferrovial SA		48,518
27,741		Singapore Technologies Engineering Ltd.		70,363
1,997		Skanska AB		44,762
611		Vinci SA		34,924
				385,253
		ENTERTAINMENT - 0.4 %
61,846		Genting Singapore PLC		41,471
560		Oriental Land Co. Ltd.		42,447
				83,918
COMPASS EMP INTERNATIONAL 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		FOOD - 4.6 %
2,000		Ajinomoto Co., Inc.		$                                    43,912
480		Aryzta AG		29,512
842		Associated British Foods PLC		35,202
465		Casino Guichard Perrachon SA		41,209
1		Chocoladefabriken Lindt & Sprungli AG		63,285
1,137		Colruyt SA		49,496
782		Danone SA		52,583
800		Empire Co. Ltd.		55,818
1,247		ICA Gruppen AB		41,782
2,026		Jeronimo Martins SGPS SA		25,454
2,925		Koninklijke Ahold NV		57,635
300		MEIJI Holdings Co. Ltd.		36,628
1,800		Metro, Inc.		48,742
694		Nestle SA		52,418
1,700		Saputo, Inc.		46,692
1,226		Seven & I Holdings Co. Ltd.		51,629
7,143		Tesco PLC		25,630
1,356		Unilever PLC		56,631
1,753		Wesfarmers Ltd.		58,851
29,122		Wilmar International Ltd.		69,197
1,882		Woolworths Ltd.		42,374
517		Yakult Honsha Co. Ltd.		36,064
				1,020,744
		FOOD SERVICE - 0.6 %
3,542		Compass Group PLC		61,588
652		Sodexo SA		63,564
				125,152
		FOREST PRODUCTS & PAPER - 0.1 %
1,675		UPM-Kymmene OYJ		32,591
		GAS - 2.0 %
5,000		Beijing Enterprises Holdings Ltd.		39,340
2,000		Canadian Utilities Ltd.		62,758
16,000		China Gas Holdings Ltd.		26,210
1,660		Enagas SA		47,468
1,990		Gas Natural SDG SA		44,693
28,300		Hong Kong & China Gas Co. Ltd.		65,485
5,254		National Grid PLC		67,402
12,000		Osaka Gas Co. Ltd.		50,274
7,175		Snam SpA		34,824
				438,454
		HAND/MACHINE TOOLS - 0.5 %
3,743		Sandvik AB		41,840
278		Schindler Holding AG		46,286
98		SMC Corp.		29,276
				117,402
		HEALTHCARE PRODUCTS - 1.0 %
365		Essilor International SA		41,859
601		Medtronic PLC		46,872
900		Olympus Corp. *		33,490
2,316		Smith & Nephew PLC		39,308
260		Sonova Holding AG		36,199
600		Sysmex Corp.		33,353
				231,081
		HEALTHCARE SERVICES - 0.7 %
611		Fresenius Medical Care AG & Co. KGaA		50,821
822		Fresenius SE & Co. KGaA		49,067
958		Ramsay Health Care Ltd.		49,182
				149,070
		HOLDINGS COMPANIES - 2.1 %
5,465		Bollore SA		29,089
10,484		China Merchants Holdings International Co. Ltd.		41,041
912		GEA Group AG		44,108
3,000		Hutchison Whampoa Ltd.		41,636
800		Jardine Matheson Holdings Ltd.		50,560
1,500		Jardine Strategic Holdings Ltd.		52,500
COMPASS EMP INTERNATIONAL 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		HOLDINGS COMPANIES (Continued) - 2.1 %
8,538		Keppel Corp. Ltd.		$                                    56,007
21,000		NWS Holdings Ltd.		34,996
5,500		Swire Pacific Ltd.		74,985
7,000		Wharf Holdings Ltd.		48,891
				473,813
		HOME BUILDERS - 0.8 %
4,548		Barratt Developments PLC		35,660
1,800		Daiwa House Industry Co. Ltd.		35,568
1,421		Persimmon PLC		35,059
3,149		Sekisui House Ltd.		45,809
15,767		Taylor Wimpey PLC		36,234
				188,330
		HOME FURNISHINGS - 0.2 %
13,000		Haier Electronics Group Co. Ltd.		34,039
		HOUSEHOLD PRODUCTS - 0.5 %
619		Reckitt Benckiser Group PLC		53,264
340		Societe BIC SA		48,375
				101,639
		INSURANCE - 7.8 %
643		ACE Ltd. ^		71,688
5,278		Aegon NV		41,651
7,400		AIA Group Ltd.		46,579
344		Allianz SE		59,785
8,791		AMP Ltd.		43,225
616		Aon PLC		59,210
2,151		Assicurazioni Generali SpA		42,291
5,336		Aviva PLC		42,749
1,689		AXA SA		42,539
6,600		China Taiping Insurance Holdings Co. Ltd. *		22,517
2,735		CNP Assurances		47,900
2,200		Dai-ichi Life Insurance Co. Ltd.		32,004
100		Fairfax Financial Holdings Ltd.		56,020
2,600		Great-West Lifeco, Inc.		75,124
609		Hannover Rueck SE		62,909
10,375		Insurance Australia Group Ltd.		48,320
900		Intact Financial Corp.		67,759
14,648		Legal & General Group PLC		60,545
2,800		Manulife Financial Corp.		47,499
12,695		Mapfre SA		46,335
277		Muenchener Rueckversicherungs-Gesellschaft AG		59,712
13,938		Old Mutual PLC		45,927
2,300		Power Corp. of Canada		60,830
2,100		Power Financial Corp.		62,119
2,076		Prudential PLC		51,497
3,211		QBE Incurance Group Ltd.		31,969
1,205		Sampo Oyj		60,841
3,915		Standard Life PLC		27,626
1,500		Sun Life Financial, Inc.		46,193
5,913		Suncorp Group Ltd.		60,947
661		Swiss Re AG		64,005
2,600		T&D Holdings, Inc.		35,850
1,100		Tokio Marine Holdings, Inc.		41,606
166		Zurich Insurance Group AG		56,250
				1,722,021
		INTERNET - 0.6 %
122		Iliad SA		28,467
1,700		Rakuten, Inc.		30,015
799		United Internet AG		36,382
9,000		Yahoo Japan Corp.		37,203
				132,067
COMPASS EMP INTERNATIONAL 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		INVESTMENT COMPANIES - 0.8 %
2,000		CK Hutchinson Holdings Ltd.		$                                    40,965
669		Groupe Bruxelles Lambert SA		55,422
822		Investment AB Kinnevik		27,447
1,237		Investor AB		49,275
				173,109
		IRON/STEEL - 0.7 %
25,000		CITIC Ltd.		42,823
1,500		JFE Holdings, Inc.		33,178
15,000		Nippon Steel & Sumitomo Metal Corp.		37,816
1,096		Voestalpine AG		40,126
				153,943
		LEISURE TIME - 0.3 %
253		Shimano, Inc.		37,700
1,200		Yamaha Motor Co. Ltd.		29,022
				66,722
		LODGING - 1.0 %
795		Accor SA		41,471
3,399		Crown Resorts Ltd.		34,697
5,000		Galaxy Entertainment Group Ltd.		22,766
1,150		Intercontinental Hotels Group PLC		44,940
22,000		SJM Holdings Ltd.		28,774
684		Whitbread PLC		53,225
				225,873
		MACHINERY CONSTRUCTION & MINING - 1.0 %
2,123		ABB Ltd.		45,068
1,387		Atlas Copco AB - Cl. A		44,897
5,739		Hitachi Ltd.		39,373
1,970		Komatsu Ltd.		38,788
3,679		Mitsubishi Electric Corp.		43,799
				211,925
		MACHINERY DIVERSIFIED - 1.9 %
1,549		Alstom SA *		47,787
4,154		CNH Industrial NV		33,897
197		FANUC Corp.		43,097
1,073		Hexagon AB - Cl. B		38,128
1,039		Kone OYJ - Cl. B		46,055
1,558		Kubota Corp.		24,709
1,317		MAN SE		138,591
7,000		Mitsubishi Heavy Industries Ltd.		38,637
				410,901
		MEDIA - 1.6 %
10,819		ITV PLC		40,593
2,232		Pearson PLC		48,048
806		ProSiebenSat.1 Media AG		39,557
2,800		Shaw Communications, Inc. - Cl. B		62,787
3,378		Sky PLC		49,765
2,330		Vivendi SA		57,858
1,684		Wolters Kluwer NV		54,972
				353,580
		METAL FABRICATE/HARDWARE - 0.6 %
804		Assa Abloy AB		47,895
2,000		NSK Ltd.		29,302
1,794		SKF AB		46,325
				123,522
		MINING - 1.2 %
3,177		Antofagasta PLC		34,526
1,557		BHP Billiton Ltd.		36,888
1,500		First Quantum Minerals Ltd.		18,167
7,044		Glencore PLC		29,878
14,108		Polyus Gold International Ltd.		39,140
856		Rio Tinto PLC		35,203
1,200		Silver Wheaton Corp.		22,780
1,908		Sumitomo Metal Mining Co. Ltd.		27,962
1,500		Teck Resources Ltd.		20,570
				265,114
COMPASS EMP INTERNATIONAL 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		MISCELLANEOUS MANUFACTURING - 1.1 %
2,215		Alfa Laval AB		$                                    43,513
1,076		FUJIFILM Holdings Corp.		38,349
446		Siemens AG		48,227
2,346		Smiths Group PLC		38,912
11,000		Toshiba Corp.		46,222
851		Wartsila OYJ Abp		37,667
				252,890
		OFFICE/BUSINESS EQUIPMENT - 0.6 %
1,583		Canon, Inc.		56,043
4,100		Ricoh Co. Ltd.		44,694
1,400		Seiko Epson Corp.		24,864
				125,601
		OIL & GAS - 1.2 %
900		Canadian Natural Resources Ltd.		27,574
2,300		Encana Corp.		25,660
1,000		Imperial Oil Ltd.		39,885
2,600		Inpex Corp.		28,722
38,000		Kunlun Energy Co. Ltd.		36,907
5,103		Oil Search Ltd.		28,052
1,100		Suncor Energy, Inc.		32,122
1,472		Woodside Petroleum Ltd.		38,796
				257,718
		OIL & GAS SERVICES - 0.1 %
465		Technip SA		28,147
		PACKAGING - 0.2 %
4,081		Amcor Ltd.		43,746
		PHARMACEUTICALS - 3.5 %
230		Actelion Ltd.		26,650
2,600		Astellas Pharma, Inc.		42,633
262		Bayer AG		39,373
771		Chugai Pharmaceutical Co. Ltd.		24,321
2,900		Daiichi Sankyo Co. Ltd.		46,090
696		Eisai Co. Ltd.		49,507
2,195		GlaxoSmithKline PLC		50,345
906		Hikma Pharmaceuticals PLC		28,630
426		Merck KGaA		47,825
2,573		Mitsubishi Tanabe Pharma Corp.		44,216
422		Novartis AG		41,753
917		Novo Nordisk A/S - Cl. B		49,030
250		Ono Pharmaceutical Co. Ltd.		28,294
1,259		Otsuka Holdings Co. Ltd.		39,447
223		Perrigo Co. PLC		36,918
159		Roche Holding AG		43,865
376		Sanofi		37,117
267		Shire PLC		21,252
752		Teva Pharmaceutical Industries Ltd.		47,187
554		UCB SA		40,066
				784,519
		PIPELINES - 0.6 %
1,300		Inter Pipeline Ltd.		33,521
596		Koninklijke Vopak NV		32,895
1,000		Pembina Pipeline Corp.		31,608
1,000		TransCanada Corp.		42,709
				140,733
		REAL ESTATE - 3.8 %
1,100		Brookfield Asset Management, Inc.		58,906
20,776		CapitaLand Ltd.		54,211
10,000		China Overseas Land & Investment Ltd.		32,310
10,000		China Resources Land Ltd.		28,248
378		Daito Trust Construction Co. Ltd.		42,292
1,352		Deutsche Annington Immobilien SE		45,586
29,799		Global Logistic Properties Ltd.		57,556
17,000		Hang Lung Properties Ltd.		47,801
6,300		Henderson Land Development Co. Ltd.		44,246
COMPASS EMP INTERNATIONAL 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		REAL ESTATE (Continued) - 3.8 %
6,600		Hongkong Land Holdings Ltd.		$                                    49,830
1,572		Mitsubishi Estate Co. Ltd.		36,513
1,571		Mitsui Fudosan Co. Ltd.		46,211
51,000		New World Development Co. Ltd.		59,138
28,000		Sino Land Co. Ltd.		45,650
1,417		Sumitomo Realty & Development Co. Ltd.		51,069
4,000		Sun Hung Kai Properties Ltd.		61,706
15,000		Swire Properties Ltd.		48,853
7,000		Wheelock & Co. Ltd.		35,800
				845,926
		RETAIL - 3.4 %
3,800		Aeon Co. Ltd.		41,772
900		Alimentation Couche Tard, Inc. - Cl. B		35,840
35,000		Belle International Holdings Ltd.		40,765
500		Canadian Tire Corp. Ltd. - Cl. A		50,903
35,400		Chow Tai Fook Jewellery Group Ltd.		38,081
375		Cie Financiere Richemont SA		30,215
1,338		Hennes & Mauritz AB		54,197
340		Hugo Boss AG		41,347
1,331		Inditex SA		42,705
217		Kering		42,362
6,941		Kingfisher PLC		39,193
441		Lululemon Athletica, Inc. * ^		28,233
604		Luxottica Group SpA		38,331
4,942		Marks & Spencer Group PLC		39,226
512		Next PLC		53,362
600		Nitori Holdings Co. Ltd.		40,703
288		Pandora A/S		26,224
77		Swatch Group AG		32,653
1,566		Travis Perkins PLC		45,305
				761,417
		SEMICONDUCTORS - 0.8 %
1,931		ARM Holdings PLC		31,657
298		ASML Holding NV		30,332
26,000		Hanergy Thin Film Power Group Ltd.		23,408
2,874		Infineon Technologies AG		34,348
244		NXP Semiconductor NV *		24,488
400		Tokyo Electron Ltd.		27,942
				172,175
		SOFTWARE - 1.4 %
1,208		Amadeus IT Holding SA - Cl. A		51,834
673		Check Point Software Technologies Ltd. * ^		55,166
100		Constellation Software, Inc.		34,540
698		Dassault Systemes		47,324
600		Open Text Corp.		31,728
7,643		Sage Group PLC		52,920
631		SAP SE		45,756
				319,268
		TELECOMMUNICATIONS - 5.0 %
1,600		BCE, Inc.		67,691
1,306		Belgacom SA		45,683
7,149		BT Group PLC		46,455
3,000		China Mobile Ltd.		39,160
22,000		China Unicom Hong Kong Ltd.		33,484
1,801		Eutelsat Communications SA		59,632
1,842		KDDI Corp.		41,763
649		Nippon Telegraph & Telephone Corp.		40,009
2,500		NTT DOCOMO, Inc.		43,452
1,954		Orange SA		31,400
1,900		Rogers Communications, Inc. - Cl. B		63,563
22,009		Singapore Telecommunications Ltd.		70,262
579		SoftBank Corp.		33,681
91		Swisscom AG		52,860
24,934		Telecom Italia SpA		29,237
3,386		Telefonaktiebolaget LM Ericsson		42,539
3,329		Telefonica SA		47,400
COMPASS EMP INTERNATIONAL 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		TELECOMMUNICATIONS (Continued) - 5.0 %
828		Telenet Group Holding NV *		$                                    45,496
2,228		Telenor ASA		45,022
8,698		TeliaSonera AB		55,243
14,939		Telstra Corp. Ltd.		71,971
1,700		TELUS Corp.		56,430
12,939		Vodafone Group PLC		42,318
				1,104,751
		TEXTILES - 0.2 %
4,842		Toray Industries, Inc.		40,636
		TRANSPORTATION - 2.8 %
15		AP Moeller - Maersk A/S		31,348
13,180		Aurizon Holdings Ltd.		48,805
700		Canadian National Railway Co.		46,847
200		Canadian Pacific Railway Ltd.		36,595
214		Central Japan Railway Co.		38,782
1,467		Deutsche Post AG		45,832
500		East Japan Railway Co.		40,170
13,000		Kintetsu Group Holdings Co. Ltd.		47,779
338		Kuehne + Nagel International AG		50,258
13,000		MTR Corp. Ltd.		61,874
4,000		Odakyu Electric Railway Co. Ltd.		40,837
6,664		Tokyu Corp.		41,320
900		West Japan Railway Co.		47,276
1,600		Yamato Holdings Co. Ltd.		36,963
				614,686
		WATER - 1.0 %
26,000		Guangdong Investment Ltd.		34,072
1,806		Severn Trent PLC		55,169
1,849		Suez Environnement Co.		31,817
3,534		United Utilities Group PLC		48,918
2,245		Veolia Environment SA		42,464
				212,440
		TOTAL COMMON STOCK  (Cost - $21,240,633)		21,667,932
		RIGHTS - 0.0 %
10,012		Banco de Sabadell SA, Expiration April 17, 2015, Exercise Price $1.48 EUR		2,537
3,329		Telefonica SA, Expiration April 12, 2015 , Exercise Price $10.84 EUR		536
		TOTAL RIGHTS (Cost - $3,014)		3,073
		SHORT-TERM INVESTMENTS - 1.1 %
		MONEY MARKET FUND - 1.1 %
248,974		AIM STIT - Liquid Assets Portfolio, Institutional Class, 0.08% **		248,974
		TOTAL SHORT-TERM INVESTMENTS (Cost - $248,974)
		COLLATERAL FOR SECURITIES LOANED - 1.0 %
209,363		Mount Vernon Securities Lending Prime Portfolio		209,363
		TOTAL COLLATERAL FOR SECURITIES LOANED (Cost - $209,363)
		TOTAL INVESTMENTS - 100.0 % (Cost - $21,701,984) (a)		$                             22,129,342
		LIABILITIES IN EXCESS OF OTHER ASSETS - 0.0 %		(4,269)
		NET ASSETS - 100.0 %		$                             22,125,073
*   Non-income producing security.
** Money market fund; interest rate reflects seven day effective yield on March 31, 2015.
^  All or a portion of this security is on loan.
+  Less than 1 share.
EUR - Euro
PLC - Public limited company.
(a) Represents cost for financial reporting purposes. Aggregate cost for federal tax purposes is $21,786,982
and differs from value by net unrealized appreciation/(depreciation) on securities as follows:
	Unrealized appreciation			$                               1,560,178
	Unrealized depreciation			(1,217,818)
	Net unrealized appreciation			$                                  342,360
COMPASS EMP INTERNATIONAL 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Number of			Underlying Face Amount	Unrealized
Contracts			at Value	Depreciation
		LONG FUTURES CONTRACTS - (0.0)%
		Equity Futures - (0.0)%
4		MSCI EAFE Index Mini, Jun 2015	$                                                     365,980	$                                    (9,088)
		TOTAL LONG FUTURES CONTRACTS	$                                                  365,980	$                                   (9,088)
		Portfolio Composition (Unaudited) *
		Japan	20.0%
		Britain	12.2%
		Canada	9.9%
		Hong Kong	9.6%
		France	9.0%
		Germany	6.5%
		Switzerland	5.6%
		Australia	5.1%
		Sweden	3.9%
		Singapore	3.4%
		Other Countries	14.8%
		Total	100.0%
		* Based on total value of investments.
		Percentages may differ from Schedule of Investments which are based on Fund net assets.

COMPASS EMP EMERGING MARKET 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2015
Shares				Value
		COMMON STOCK - 79.1 %
		AEROSPACE/DEFENSE - 0.3 %
28,000		AviChina Industry & Technology Co. Ltd. - H Shares		$                                             20,116
606		Korea Aerospace Industries Ltd.		30,800
				50,916
		AGRICULTURE - 1.4 %
11,664		Astra Agro Lestari Tbk PT		21,679
1,670		British American Tobacco Malaysia Bhd		30,960
87,977		Charoen Pokphand Indonesia Tbk PT		23,855
6,693		Gudang Garam Tbk PT		26,109
32,253		IOI Corp. Bhd		39,973
342		KT&G Corp.		27,337
4,808		Kuala Lumpur Kepong Bhd		29,574
2,766		Souza Cruz SA		21,887
				221,374
		APPAREL - 0.7 %
1,000		Eclat Textile Co. Ltd.		13,143
44,258		Far Eastern New Century Corp.		45,659
17,317		Pou Chen Corp.		24,226
7,000		Shenzhou International Group Holdings Ltd.		31,601
				114,629
		AUTO MANUFACTURERS - 1.8 %
2,500		Byd Co. Ltd.		12,866
16,000		Dongfeng Motor Group Co., Ltd.		25,673
2,108		Ford Otomotiv Sanayi AS		27,239
40,000		Geely Automobile Holdings Ltd.		20,586
3,294		Great Wall Motor Co. Ltd. - H Shares		23,283
28,000		Guangzhou Automobile Group Co., Ltd.		26,798
141		Hyundai Motor Co.		21,410
613		Kia Motors Corp.		24,969
4,077		Tofas Turk Otomobil Fabrikasi AS		24,731
14,315		UMW Holdings Bhd		41,899
2,651		Yulon Nissan Motor Co. Ltd.		25,656
				275,110
		AUTO PARTS & EQUIPMENT - 1.0 %
18,152		Cheng Shin Rubber Industry Co. Ltd.		41,685
496		Halla Visteon Climate Control Corp.		17,164
648		Hankook Tire Co. Ltd.		26,482
95		Hyundai Mobis Co. Ltd.		21,103
132		Hyundai Wia Corp.		16,832
7,306		Weichai Power Co. Ltd.		28,176
				151,442
		BANKS - 10.8 %
7,594		Akbank TAS		22,375
29,664		AMMB Holdings Bhd		50,942
596,100		Banco de Chile		66,957
947		Banco de Credito e Inversiones		42,426
2,003		Banco do Brasil SA		14,421
832,245		Banco Santander Chile		45,385
4,155		Bancolombia SA		39,179
7,524		Bangkok Bank PCL		42,648
34,201		Bank Central Asia Tbk PT		38,782
39,689		Bank Mandiri Persero Tbk PT		37,871
54,608		Bank Negara Indonesia Persero Tbk PT		30,178
60,857		Bank of China Ltd. - H Shares		35,166
31,599		Bank of Communications Co. Ltd.		27,104
17,625		Bank of the Philippine Islands		39,627
635		Bank Pekao SA		30,778
29,977		Bank Rakyat Indonesia Persero Tbk PT		30,438
331		Bank Zachodni WBK SA		30,114
2,157		Barclays Africa Group Ltd.		32,919
13,898		BDO Unibank, Inc.		38,460
76,963		Chang Hwa Commercial Bank Ltd.		44,493
41,103		China Citic Bank Corp. Ltd.		30,962
44,952		China Construction Bank Corp.		37,340
39,894		Chongqing Rural Commercial Bank Co. Ltd.		25,883
COMPASS EMP EMERGING MARKET 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		BANKS (Continued) - 10.8 %
16,206		CIMB Group Holdings Bhd		$                                             27,218
4,228		Commercial International Bank Egypt SAE		31,394
4,065,100		Corpbanca SA		43,084
6,921		FirstRand Ltd.		31,882
5,336		Grupo Financiero Banorte SAB de CV - O Shares		30,990
11,152		Grupo Financiero Inbursa SAB de CV		28,151
12,141		Grupo Financiero Santander Mexico SAB de CV		26,558
15,572		Hong Leong Bank Bhd		59,959
1,947		Industrial Bank of Korea		23,423
4,518		Kasikornbank PCL		31,786
159		Komercni Banka AS		34,314
47,435		Krung Thai Bank PCL		33,226
20,294		Malayan Banking Bhd		51,125
245		Mbank		28,450
17,529		Metropolitan Bank & Trust Co.		38,254
6,530		National Bank of Greece SA *		7,713
1,589		Nedbank Group Ltd.		31,169
3,612		Powszechna Kasa Oszczednosci Bank Polski SA		32,385
16,045		RHB Capital Bhd		34,313
7,232		Siam Commercial Bank PCL		39,548
2,517		Standard Bank Group Ltd.		34,884
308,200		TMB Bank PCL		28,216
6,394		Turkiye Garanti Bankasi AS		21,006
4,707		Turkiye Halk Bankasi AS		23,296
9,844		Turkiye Is Bankasi - C Shares		22,256
12,700		Turkiye Vakiflar Bankasi Tao		20,837
16,761		Yapi ve Kredi Bankasi AS		25,822
				1,675,707
		BEVERAGES - 1.2 %
5,100		Ambev SA		29,426
6,573		Arca Continental SAB de CV *		40,488
4,464		Cia Cervecerias Unidas SA		46,490
4,979		Coca-Cola Femsa SAB de CV		39,733
70,783		LT Group, Inc.		25,811
				181,948
		BUILDING MATERIALS - 2.1 %
9,073		Anhui Conch Cement Co. Ltd.		34,347
40,969		Asia Cement Corp.		51,491
24,500		BBMG Corp.		22,595
8,227		Cementos Argos SA		27,009
39,632		China National Building Material Co. Ltd.		39,464
4,215		Grupo Argos SA		26,994
14,748		Indocement Tunggal Prakarsa Tbk PT		24,732
25,577		Semen Indonesia Persero Tbk PT		26,704
3,486		Siam City Cement PLC		40,911
28,555		Taiwan Cement Corp.		40,221
				334,468
		CHEMICALS - 1.0 %
17,000		Formosa Plastics Corp.		41,212
85		LG Chem Ltd.		17,311
15,000		Nan Ya Plastics Corp.		33,297
17,463		Petronas Chemicals Group Bhd		26,594
1,396		Ultrapar Participacoes SA		28,361
5,180		Uralkali PJSC		13,941
				160,716
		COAL - 0.6 %
12,004		China Shenhua Energy Co. Ltd.		30,657
8,670		Semirara Mining and Power Corp.		32,391
30,000		Yanzhou Coal Mining Co. Ltd.		25,655
				88,703
		COMMERCIAL SERVICES - 2.3 %
3,908		CCR SA		20,188
13,000		China Conch Venture Holdings Ltd.		27,835
1,640		Cielo SA		23,445
38,000		Dalian Port PDA Co. Ltd.		15,979
COMPASS EMP EMERGING MARKET 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		COMMERCIAL SERVICES (Continued) - 2.3 %
17,348		International Container Terminal Services, Inc.		$                                             41,915
77,725		Jasa Marga Persero Tbk PT		42,804
28,838		Jiangsu Expressway Co. Ltd. - H Shares		38,759
4,700		Kroton Educacional SA		15,132
2,065		Localiza Rent a Car SA		23,635
11,385		OHL Mexico SAB de CV *		21,554
374		S-1 Corp.		28,277
30,300		Westports Holdings Bhd		32,889
20,589		Zhejiang Expressway Co. Ltd.		27,300
				359,712
		COMPUTERS - 1.3 %
3,098		Advantech Co. Ltd.		23,599
2,635		Asustek Computer, Inc.		26,511
13,050		Foxconn Technology Co. Ltd.		35,012
39,000		Innolux Corp.		19,494
27,000		Inventec Corp.		19,533
16,822		Lenovo Group Ltd.		24,562
24,517		Lite-On Technology Corp.		31,753
11,944		Quanta Computer, Inc.		28,840
				209,304
		COSMETICS - 0.6 %
7		Amorepacific Corp.		21,164
16		AMOREPACIFIC Group		21,628
33		LG Household & Health Care Ltd.		25,010
2,618		Natura Cosmeticos SA		22,224
				90,026
		DISTRIBUTION/WHOLESALE - 0.1 %
843		Daewoo International Corp.		20,169
		DIVERSIFIED FINANCIAL SERVICES - 4.4 %
5,218		BM&F Bovespa SA		18,172
730		Capitec Bank Holdings Ltd.		31,617
49,000		China Cinda Asset Management Co. Ltd. *		24,270
113,000		China Development Financial Holding Corp.		39,160
15,000		China Galaxy Securities Co. Ltd. - H Shares		17,161
58,649		CTBC Financial Holding Co. Ltd.		38,963
77,311		E.Sun Financial Holding Co. Ltd.		47,287
90,050		First Financial Holding Co. Ltd.		53,497
17,000		Fubon Financial Holding Co. Ltd.		30,515
1,154		Hana Financial Group, Inc.		29,898
6,400		Hong Leong Financial Group Bhd.		29,308
86,743		Hua Nan Financial Holdings Co. Ltd.		49,593
3,657		Investec Ltd.		30,322
833		KB Financial Group, Inc.		29,501
60,773		Mega Financial Holding Co. Ltd.		50,371
5,375		RMB Holdings Ltd.		30,986
708		Shinhan Financial Group Co. Ltd.		26,765
142,235		Taiwan Cooperative Financial Holding Co. Ltd.		72,006
80,191		Yuanta Financial Holding Co. Ltd.		40,340
				689,732
		ELECTRIC - 3.8 %
42,744		Aboitiz Power Corp.		42,553
80,133		AES Gener SA		43,741
1,703		CEZ AS		41,628
3,200		CPFL Energia SA		20,395
484,000		E.ON Russia JSC		24,553
7,400		Electricity Generating PCL		34,442
29,090		Empresa Nacional de Electricidad SA		43,579
135,649		Enersis SA		44,480
9,377		Glow Energy PCL		24,703
40,000		Huadian Fuxin Energy Corp. Ltd. - H Shares		19,606
18,000		Huaneng Power International, Inc. - H Shares		21,313
56,000		Huaneng Renewables Corp. Ltd.		20,297
524		Korea Electric Power Corp.		21,721
5,614		PGE SA		30,852
25,400		Ratchaburi Electricity Generating Holding PCL		47,796
COMPASS EMP EMERGING MARKET 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		ELECTRIC (Continued) - 3.8 %
1,735,000		RusHydro JSC		$                                             15,709
9,700		Tenaga Nasional Bhd		37,611
2,136		Tractebel Energia SA		23,753
85,136		YTL Power International Bhd		34,482
				593,214
		ELECTRICAL COMPONENTS & EQUIPMENT - 0.3 %
3,837		Delta Electronics, Inc.		24,204
2,500		Zhuzhou CSR Times Electric Co. Ltd. - H Shares		16,413
				40,617
		ELECTRONICS - 0.7 %
2,827		AAC Technologies Holdings, Inc.		17,448
37,000		AU Optronics Corp.		18,613
9,700		Delta Electronics Thailand PCL		22,425
10,822		Hon Hai Precision Industry Co. Ltd.		31,662
6,962		Pegatron Corp.		18,834
				108,982
		ENERGY-ALTERNATE SOURCES - 0.1 %
50,000		Beijing Jingneng Clean Energy Co. Ltd. - H Shares		21,153
25,844		China Longyuan Power Group Corp. Ltd.		28,101
22,900		Energy Absolute PCL		17,764
				67,018
		ENGINEERING & CONSTRUCTION - 2.7 %
2,848		Airports of Thailand PCL		24,499
22,000		Beijing Capital International Airport Co. Ltd. - H Shares		21,453
14,619		China Communications Construction Co. Ltd.		20,591
18,000		China Machinery Engineering Corp.		18,202
16,889		China Railway Construction Corp. Ltd. - H Shares		25,226
28,031		China Railway Group Ltd.		28,707
87,840		DMCI Holdings, Inc.		30,459
16,122		Enka Insaat ve Sanayi AS		32,288
31,620		Gamuda Bhd		43,543
4,750		Grupo Aeroportuario del Pacifico SAB de CV		31,264
2,470		Grupo Aeroportuario del Sureste SAB de CV - B Shares *		33,273
435		Hyundai Engineering & Construction Co. Ltd.		19,757
282		KEPCO Plant Service & Engineerining Co. Ltd.		24,803
2,876		Promotora y Operadora de Infraestructura SAB de CV *		30,747
3,792		TAV Havalimanlari Holding AS		31,765
				416,577
		ENTERTAINMENT - 0.1 %
1,270		OPAP SA		11,905
		ENVIRONMENTAL CONTROL - 0.2 %
294		Paradise Co. Ltd.		24,242
		FOOD - 5.6 %
1,154		Bidvest Group Ltd.		31,290
1,861		BIM Birlesik Magazalar AS		33,043
1,427		BRF SA		28,201
12,551		Cencosud SA		29,805
40,388		Charoen Pokphand Foods PCL		27,918
6,000		China Mengniu Dairy Co. Ltd.		31,885
654		Donsuh Co., Inc.		18,034
2,100		Gruma SAB de CV - Cl. B		26,766
18,000		Grupo Lala SAB de CV		36,478
4,525		Grupo Nutresa SA		39,881
24,534		Indofood CBP Sukses Makmur Tbk PT		27,538
60,354		Indofood Sukses Makmur Tbk PT		34,392
8,300		Industrias Bachoco SAB de CV *		34,551
3,700		JBS SA		16,428
17,133		JG Summit Holdings, Inc.		27,788
1,114		M Dias Branco SA		30,161
114		Magnit PJSC		22,251
28		Orion Corp.		29,219
2,262		Pioneer Foods Ltd.		33,188
7,657		PPB Group Bhd		31,798
2,008		Shoprite Holdings Ltd.		27,211
1,946		SPAR Group Ltd.		30,293
47,400		Thai Union Frozen Products PCL		29,270
COMPASS EMP EMERGING MARKET 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		FOOD (Continued) - 5.6 %
1,094		Tiger Brands Ltd.		$                                             27,561
13,013		Tingyi Cayman Islands Holding Corp.		27,997
4,240		Ulker Biskuvi Sanayi AS		31,844
32,000		Uni-President China Holdings Ltd.		21,174
17,021		Uni-President Enterprises Corp.		28,487
6,478		Universal Robina Corp.		32,752
29,000		Want Want China Holdings Ltd.		30,785
				877,989
		FOREST PRODUCTS & PAPER - 0.2 %
1,490		Mondi Ltd.		28,500
		GAS - 0.6 %
4,000		ENN Energy Holdings Ltd.		24,533
85,627		Perusahaan Gas Negara Persero Tbk PT		31,437
5,265		Petronas Gas Bhd		32,726
				88,696
		HEALTHCARE PRODUCTS - 0.6 %
855		Aspen Pharmacare Holdings Ltd.		27,085
12,000		China Medical System Holdings Ltd.		18,450
3,500		Hengan International Group Co. Ltd.		42,029
				87,564
		HEALTHCARE SERVICES - 1.2 %
50,520		Bangkok Dusit Medical Services PCL		30,576
5,400		Bumrungrad Hospital PCL		25,217
32,400		IHH Healthcare Bhd		52,578
7,744		Life Healthcare Group Holdings Ltd.		27,029
2,613		Mediclinic International Ltd.		26,296
8,233		Netcare Ltd.		28,322
				190,018
		HOLDINGS COMPANIES - 3.3 %
25,328		Aboitiz Equity Ventures, Inc.		32,864
45,620		Alliance Global Group, Inc.		27,045
8,344		AVI Ltd.		56,823
137		CJ Corp.		21,729
4,891		Empresas COPEC SA		56,987
6,701		Grupo Carso SAB de CV		28,005
7,545		Haci Omer Sabanci Holding AS		26,677
27,200		IJM Corp. Bhd		52,880
1,632		Imperial Holdings Ltd.		25,972
7,848		KOC Holding AS		35,818
1,413		Remgro Ltd.		30,983
2,270		Siam Cement PCL		35,706
19,370		Sime Darby Bhd		48,484
85,631		YTL Corp. Bhd		38,613
				518,586
		HOME FURNISHING - 0.7 %
5,686		Arcelik AS		32,849
90		Hanssem Co. Ltd.		14,964
519		LG Corp.		28,670
5,510		Steinhoff International Holdings Ltd.		34,559
				111,042
		HOUSEHOLD PRODUCTS - 0.4 %
14,705		Kimberly-Clark de Mexico SAB de CV		30,776
10,855		Unilever Indonesia Tbk PT		32,920
				63,696
		INSURANCE - 2.5 %
2,500		BB Seguridade Participacoes SA		25,587
22,185		Cathay Financial Holding Co. Ltd.		35,429
6,000		China Life Insurance Co. Ltd.		26,274
2,939		Discovery Ltd.		30,258
4,774		Hanwha Life Insurance Co. Ltd.		31,707
14,124		MMI Holdings Ltd.		38,241
49,000		People's Insurance Co. Group of China Ltd. - H Shares		24,902
COMPASS EMP EMERGING MARKET 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		INSURANCE (Continued) - 2.5 %
12,000		PICC Property & Casualty Co. Ltd.		$                                             23,712
2,507		Ping An Insurance Group Co. of China Ltd.		30,137
326		Powszechny Zaklad Ubezpieczen SA		42,039
116		Samsung Fire & Marine Insurance Co. Ltd.		27,963
299		Samsung Life Insurance Co. Ltd.		26,055
4,523		Sanlam Ltd.		29,242
				391,546
		INTERNET - 0.3 %
39		NAVER Corp.		23,582
1,555		Tencent Holdings Ltd.		29,524
				53,106
		INVESTMENT COMPANIES - 0.5 %
1,110		GT Capital Holdings, Inc.		33,225
10,306		Rand Merchant Insurance Holdings Ltd.		39,330
				72,555
		IRON/STEEL - 1.2 %
75,380		China Steel Corp.		62,598
15,511		Eregli Demir ve Celik Fabrikalari TAS		24,135
16,500		Fosun International Ltd.		31,966
395		Hyundai Steel Co.		25,985
1,427		Kumba Iron Ore Ltd.		18,364
102		POSCO		22,474
				185,522
		LEISURE TIME - 0.2 %
3,000		Giant Manufacturing Co. Ltd.		28,937
		LODGING - 1.0 %
16,495		Genting Bhd		40,085
28,296		Genting Malaysia BHD		32,318
196		Hotel Shilla Co. Ltd.		17,292
893		Kangwon Land, Inc.		27,884
13,740		Tsogo Sun Holdings Ltd.		31,284
				148,863
		MACHINERY CONSTRUCTION & MINING - 0.2 %
14,852		United Tractors Tbk PT		24,765
		MACHINERY DIVERSIFIED - 0.4 %
10,000		Haitian International Holdings Ltd.		22,959
3,664		WEG SA		36,651
				59,610
		MEDIA - 0.9 %
28,800		Astro Malaysia Holdings Bhd		24,885
18,034		BEC World PCL		22,716
3,695		Cyfrowy Polsat SA		24,311
89,743		Media Nusantara Citra Tbk PT		19,666
136		Naspers Ltd.		20,980
76,700		Surya Citra Media Tbk PT		19,917
				132,475
		METAL FABRICATE - 0.2 %
2,170		Catcher Technology Co. Ltd.		22,733
		MINING - 1.7 %
780		Anglo American Platinum Ltd. *		19,144
32,000		China Hongqiao Group Ltd.		19,193
29,056		China Molybdenum Co. Ltd.		20,538
10,328		Grupo Mexico SAB de CV Series B		30,507
1,283		Industrias Penoles SAB de CV		22,317
14,906		Jiangxi Copper Co. Ltd.		27,724
872		KGHM Polska Miedz SA		27,594
78		Korea Zinc Co. Ltd.		29,803
103		MMC Norilsk Nickel OJSC		18,419
89,400		Vale Indonesia Tbk PT		22,121
81,550		Zijin Mining Group Co. Ltd.		25,876
				263,236
		MISCELLANEOUS MANUFACTURING - 0.1 %
208		Largan Precision Co. Ltd.		17,904
COMPASS EMP EMERGING MARKET 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		OIL & GAS - 1.5 %
409		Bashneft OAO		$                                             13,342
35,504		China Petroleum & Chemical Corp.		28,255
19,000		CNOOC Ltd.		26,860
2,100		Cosan SA Industria e Comercio		18,214
27,755		Ecopetrol SA		21,097
25,075		PetroChina Co. Ltd.		27,750
4,648		Petronas Dagangan BHD		25,101
600		Sasol Ltd.		20,401
3,630		Tatneft OAO		17,916
1,487		Tupras Turkiye Petrol Rafinerileri AS		35,308
				234,244
		OIL & GAS SERVICE - 0.4 %
11,305		China Oilfield Services Ltd.		18,810
28,400		Sapurakencana Petroleum Bhd		18,097
30,000		Sinopec Engineering Group Co. Ltd. - H Shares		26,003
				62,910
		PHARMACEUTICALS - 1.0 %
28,000		CSPC Pharmaceutical Group Ltd.		23,692
5,494		Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. - H Shares		18,921
4,300		Hypermarcas SA *		26,518
248,664		Kalbe Farma Tbk PT		35,472
34,000		Sihuan Pharmaceutical Holdings Group Ltd.		19,340
6,400		Sinopharm Group Co. Ltd.		26,127
				150,070
		REAL ESTATE - 1.7 %
2,207		Ayala Corp.		39,252
32,825		Ayala Land, Inc.		28,272
24,266		Central Pattana PCL		31,870
8,200		China Vanke Co. Ltd. *		19,461
62,000		Country Garden Holdings Co. Ltd.		25,031
73,000		Evergrande Real Estate Group Ltd.		36,816
20,000		Longfor Properties Co. Ltd.		28,325
41,500		Sino-Ocean Land Holdings Ltd.		25,105
64,781		SM Prime Holdings, Inc.		28,956
				263,088
		RETAIL - 5.0 %
3,251		Almacenes Exito SA		31,280
9,900		Alsea SAB de CV *		29,034
8,000		ANTA Sports Products Ltd.		14,632
48,041		Astra International Tbk PT		31,509
3,809		Big C Supercenter PCL		26,915
31,387		CP ALL PCL		39,535
126		E-Mart Co. Ltd.		26,456
1,841		Foschini Group Ltd.		27,424
7,876		Grupo Comercial Chedraui SA de CV		23,890
135,542		Home Product Center PCL		33,938
1,824		Hotai Motor Co. Ltd.		28,168
194		Hyundai Department Store Co. Ltd.		26,049
5,907		Jollibee Foods Corp.		29,072
962		Lojas Renner SA		27,093
123		Lotte Shopping Co. Ltd.		26,325
2,007		Massmart Holdings Ltd.		24,835
14,000		Matahari Department Store Tbk PT		21,095
20,549		Minor International PCL		22,096
1,219		Mr. Price Group Ltd.		26,147
4,094		President Chain Store Corp.		30,794
2,883		Raia Drogasil SA		25,754
13,420		Robinsons Retail Holdings, Inc.		25,219
5,053		SACI Falabella		38,740
1,855		SM Investments Corp.		37,328
38,000		Sun Art Retail Group Ltd.		33,084
3,083		Truworths International Ltd.		22,447
11,567		Wal-Mart de Mexico SAB de CV		28,872
3,681		Woolworths Holdings Ltd.		26,161
				783,892
COMPASS EMP EMERGING MARKET 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		SEMICONDUCTORS - 1.8 %
17,414		Advanced Semiconductor Engineering, Inc.		$                                             23,499
11,000		Inotera Memories, Inc. *		14,668
1,819		MediaTek, Inc.		24,605
6,000		Nanya Tachnology Corp. *		15,140
4,427		Novatek Microelectronics Corp.		22,906
22		Samsung Electronics Co. Ltd.		28,568
238,000		Semiconductor Manufacturing International Corp. *		23,024
14,000		Siliconware Precision Industries Co. Ltd.		23,297
552		SK Hynix, Inc.		22,658
6,681		Taiwan Semiconductor Manufacturing Co. Ltd.		31,048
52,242		United Microelectronics Corp.		25,863
13,000		Vanguard International Semiconductor Corp.		22,090
				277,366
		SHIPBUILDING - 0.1 %
842		Daewoo Shipbuilding & Marine Engineering Co. Ltd.		13,734
		SOFTWARE - 0.3 %
9,000		Kingsoft Corp. Ltd.		26,409
20,000		TravelSky Technology Ltd.		23,037
				49,446
		TELECOMMUNICATIONS - 7.0 %
4,593		Advanced Info Service PCL		33,442
32,750		America Movil SAB de CV Series L		33,572
34,663		Axiata Group Bhd		66,265
14,000		BYD Elecronic International Co. Ltd.		17,697
80,000		China Communications Services Corp. Ltd. - H Shares		35,496
38,000		China Telecom Corp. Ltd.		24,360
33,828		Chunghwa Telecom Co. Ltd.		107,505
28,398		DiGi.Com Bhd		48,308
15,465		Far EasTone Telecommunications Co. Ltd.		37,293
61,000		FIH Mobile Ltd. *		32,338
664		Globe Telecom, Inc.		29,917
1,425		Hellenic Telecummnications Organization SA		12,624
18,876		Intouch Holdings PCL		44,798
2,194		LG Uplus Corp.		21,748
22,934		Maxis Bhd		44,524
3,870		Mobile Telesystems OJSC		16,438
1,539		MTN Group Ltd.		26,027
2,790		O2 Czech Republic AS		22,291
10,324		Orange Polska SA		25,945
502		Philippine Long Distance Telephone Co.		32,074
22,700		Sistema JSFC		6,988
106		SK Telecom Co. Ltd.		26,030
12,491		Taiwan Mobile Co. Ltd.		43,686
21,260		Telecom Egypt Co.		31,353
24,259		Telekom Malaysia Bhd		47,621
155,065		Telekomunikasi Indonesia Persero Tbk PT		34,277
3,516		Telkom SA SOC Ltd. *		22,972
4,770		Tim Participacoes SA		15,865
11,171		Total Access Communication PCL		28,142
34,375		Tower Bersama Infrastructure Tbk PT		24,912
11,322		Turk Telekomunikasyon AS		30,089
6,403		Turkcell Iletism Hizmetleri AS		32,923
3,247		Vodacom Group Ltd.		35,543
				1,093,063
		TRANSPORTATION - 0.6 %
124,701		BTS Group Holdings PCL		35,054
78		Hyundai Glovis Co. Ltd.		15,886
13,700		MISC Bhd		31,406
22,000		Sinotrans Ltd. - H Shares		12,628
				94,974
COMPASS EMP EMERGING MARKET 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		WATER - 0.4 %
81,364		Aguas Andinas SA - A Shares		$                                             47,722
3,899		Cia de Saneamento Basico do Estado de Sao Paulo		21,435
				69,157
		TOTAL COMMON STOCK  (Cost - $12,537,192)		12,345,798
		EXCHANGE TRADED FUNDS - 11.5 %
		EQUITY FUND - 11.5 %
14,243		iShares MSCI Qatar Capped ETF ^		328,159
6,937		iShares MSCI UAE Capped ETF		125,421
58,488		WisdomTree India Earnings Fund		1,333,526
		TOTAL EXCHANGE TRADED FUNDS (Cost - $1,588,428)		1,787,106
		RIGHTS - 0.0 %
360		Discovery Ltd., Expiration April 2, 2015, Exercise Price $90.00 ZAR		910
		TOTAL RIGHTS (Cost - $735)
		WARRANTS - 0.0 %
10,540		Land & Houses PCL, Expiration May 5, 2017, Exercise Price $3.50		1,943
1,522		Minor International PCL,  Expiration Nov. 3, 2017, Exercise Price $36.36		200
		TOTAL WARRANTS (Cost - $2,077)		2,143
		SHORT-TERM INVESTMENTS - 7.5 %
		MONEY MARKET FUND - 7.5 %
1,169,907		AIM STIT - Liquid Assets Portfolio, Institutional Class, 0.08% **		1,169,907
		TOTAL SHORT-TERM INVESTMENTS (Cost - $1,169,907)
		COLLATERAL FOR SECURITIES LOANED - 1.1 %
172,500		Mount Vernon Securities Lending Prime Portfolio		172,500
		TOTAL COLLATERAL FOR SECURITIES LOANED (Cost - $172,500)
		TOTAL INVESTMENTS - 99.2 % (Cost - $15,470,839) (a)		$                                      15,478,364
		LIABILITIES IN EXCESS OF OTHER ASSETS - 0.8 %		119,199
		NET ASSETS - 100.0 %		$                                      15,597,563
*   Non-income producing security.
** Money market fund; interest rate reflects seven day effective yield on March 31, 2015.
^  All or a portion of this security is on loan.
+  Amount of shares is less than 1.
PCL - Public Company Limited.
ZAR - South African Rand
(a) Represents cost for financial reporting purposes. Aggregate cost for federal tax purposes is $15,498,199
and differs from value by net unrealized appreciation/(depreciation) on securities as follows:
	Unrealized appreciation			$                                        1,028,519
	Unrealized depreciation			(1,048,354)
	Net unrealized depreciation			$                                            (19,835)
Number of			Underlying Face Amount	Unrealized
Contracts			at Value	Appreciation
		LONG FUTURES CONTRACTS - (0.0) %
		Equity Futures - (0.0) %
26		Emerging Market Future, Jun 2015	$                                                  1,264,120	$                                               6,877
		TOTAL LONG FUTURES CONTRACTS	$                                               1,264,120	$                                              6,877
COMPASS EMP EMERGING MARKET 500 VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
		Portfolio Composition (Unaudited) *
		United States	19.3%
		China	13.1%
		Taiwan	11.2%
		Malaysia	7.9%
		South Africa	7.2%
		South Korea	7.0%
		Thailand	5.6%
		Philippines	4.5%
		Indonesia	4.3%
		Mexico	4.0%
		Other Countries	15.9%
		Total	100.0%
		* Based on total value of investments.
		Percentages may differ from Schedule of Investments which are based on Fund net assets.

COMPASS EMP REC ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2015
Shares				Value
		REITS - 98.6 %
		APARTMENTS - 10.2 %
6,005		Apartment Investment & Management Co.		$                                  236,357
9,115		Associated Estates Realty Corp.		224,958
1,539		AvalonBay Communities, Inc.		268,171
3,357		Camden Property Trust		262,282
3,188		Equity Residential		248,218
1,259		Essex Property Trust, Inc. ^		289,444
3,911		Home Properties, Inc. ^		270,993
4,651		Post Properties, Inc.		264,781
8,129		UDR, Inc.		276,630
				2,341,834
		DIVERSIFIED - 18.1 %
6,341		American Assets Trust, Inc.		274,438
2,559		American Tower Corp.		240,930
25,995		Armada Hoffler Properties, Inc.		277,107
4,244		CoreSite Realty Corp.		206,598
20,724		CorEnergy Infrastructure Trust, Inc.		143,617
6,603		Corrections Corp. of America		265,837
6,077		DuPont Fabros Technology, Inc.		198,596
3,268		EPR Properties		196,178
5,151		Geo Group, Inc.		225,305
7,585		Liberty Property Trust		270,785
3,280		PS Business Parks, Inc.		272,371
8,121		Plum Creek Timber Co., Inc.		352,857
7,147		Potlatch Corp.		286,166
5,758		Rayonier, Inc.		155,236
9,439		Washington Real Estate Investment Trust ^		260,800
8,278		Weyerhaeuser Co.		274,416
16,742		Whitestone Real Estate Investment Trust		265,863
				4,167,100
		ENTERTAINMENT - 1.0 %
6,070		Gaming and Leisure Properties, Inc.		223,801
		HEALTHCARE - 12.3 %
5,163		Aviv Real Estate Investment Trust, Inc.		188,450
6,258		HCP, Inc.		270,408
10,327		Healthcare Realty Trust, Inc.		286,884
3,346		Health Care REIT, Inc.		258,847
8,972		Healthcare Trust of America, Inc.		249,960
5,864		LTC Properties, Inc.		269,744
3,836		National Health Investors, Inc.		272,394
5,732		Omega Healthcare Investors, Inc. ^		232,547
11,466		Senior Housing Properties Trust		254,431
4,967		Universal Health Realty Income Trust		279,394
3,656		Ventas, Inc. ^		266,961
				2,830,020
		HOTELS - 5.7 %
14,808		DiamondRock Hospitality Co.		209,237
7,715		Hospitality Properties Trust		254,518
10,584		Host Hotels & Resorts, Inc. ^		213,585
7,184		RLJ Lodging Trust		224,931
3,192		Ryman Hospitality Properties, Inc. ^		194,425
16,315		Strategic Hotels & Resorts, Inc. * ^		202,795
				1,299,491
		MANUFACTURED HOMES - 1.9 %
4,767		Equity Lifestyle Properties, Inc.		261,947
9,975		United Development Funding		174,762
		.		436,709
		OFFICE PROPERTIES - 14.8 %
12,611		BioMed Realty Trust, Inc. ^		285,765
2,003		Boston Properties, Inc.		281,381
10,497		Columbia Property Trust, Inc.		283,629
8,438		Corporate Office Properties Trust		247,908
9,766		Douglas Emmett, Inc.		291,124
16,598		Empire State Realty Trust, Inc. ^		312,208
21,907		Franklin Street Properties Corp. ^		280,848
COMPASS EMP REC ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		OFFICE PROPERTIES (Continued) - 14.8 %
11,913		Government Properties Income Trust		$                                  272,212
6,491		Highwoods Properties, Inc.		297,158
3,664		Kilroy Realty Corp.		279,087
15,629		Piedmont Office Realty Trust, Inc. - Cl. A ^		290,856
2,136		SL Green Realty Corp.		274,220
				3,396,396
		REAL ESTATE - 1.3 %
4,263		WP Carey, Inc.		289,884
		REGIONAL MALLS - 5.8 %
9,335		General Growth Properties, Inc. ^		275,849
2,510		Macerich Co.		211,668
1,502		Simon Property Group, Inc.		293,851
8,515		Tanger Factory Outlet Centers		299,473
3,114		Taubman Centers, Inc.		240,183
				1,321,024
		SHOPPING CENTERS - 9.9 %
7,993		Acadia Realty Trust		278,796
406		Alexander's, Inc. ^		185,371
2,000		Federal Realty Investment Trust ^		294,420
9,967		Kimco Realty Corp.		267,614
4,002		Regency Centers Corp. ^		272,296
14,328		Retail Opportunity Investments Corp.		262,202
3,936		Saul Centers, Inc.		225,139
10,624		Urstadt Biddle Properties, Inc.		244,989
6,841		Weingarten Realty Investors ^		246,139
				2,276,966
		SINGLE TENANT - 5.7 %
8,003		Agree Realty Corp.		263,859
16,238		Getty Realty Corp.		295,532
6,212		National Retail Properties, Inc. ^		254,506
4,981		Realty Income Corp. ^		257,020
9,212		Select Income REIT		230,208
				1,301,125
		STORAGE - 4.8 %
10,435		CubeSmart		252,005
3,957		Extra Space Storage, Inc. ^		267,374
1,655		Public Storage		326,267
2,855		Sovran Self Storage, Inc.		268,199
				1,113,845
		WAREHOUSE/INDUSTRIAL - 7.1 %
7,229		DCT Industrial Trust, Inc.		250,557
4,379		EastGroup Properties, Inc.		263,353
10,749		First Industrial Realty Trust, Inc.		230,351
21,092		Monmouth Real Estate Investment Corp. - Cl. A ^		234,332
6,394		Prologis, Inc. ^		278,523
4,540		QTS Realty Trust, Inc.		165,301
9,621		Terreno Realty Corp.		219,359
				1,641,776
		TOTAL REITS (Cost - $20,239,704)		22,639,971
		SHORT-TERM INVESTMENTS - 0.3 %
		MONEY MARKET FUND - 0.3 %
65,965		INVESCO STIT - Liquid Assets Portfolio, Institutional Class, 0.08% **		65,965
		TOTAL SHORT TERM INVESTMENTS (Cost - $65,965)
		COLLATERAL FOR SECURITIES LOANED - 19.6 %
4,509,722		Mount Vernon Securities Lending Prime Portfolio, 0.22%		4,509,722
		TOTAL COLLATERAL FOR SECURITIES LOANED (Cost - $4,509,722)
COMPASS EMP REC ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
		TOTAL INVESTMENTS - 118.5 %  (Cost - $24,815,391) (a)		$                             27,215,658
		LIABILITIES IN EXCESS OF OTHER ASSETS - (18.5) %		(4,261,429)
		NET ASSETS - 100.0 %		$                             22,954,229
* Non-income producing security.
* * Money market fund; interest rate reflects seven day effective yield on March 31, 2015.
^ All or a portion of this security is on loan. The market value of the loaned security is $4,325,840.
REITS - Real Estate Investment Trusts.
(a) Represents cost for financial reporting purposes. Aggregate cost for federal tax purposes is $24,984,867
and differs from value by net unrealized appreciation/(depreciation) on securities as follows:
	Unrealized appreciation			$                               2,632,841
	Unrealized depreciation			(402,050)
	Net unrealized appreciation			$                               2,230,791
Number of			Underlying Face Amount	Unrealized
Contracts			at Value	Depreciation
		LONG FUTURES CONTRACTS - 0.0%
		Equity Futures - 0.0%
8		Dow Jones US Real Estate Index, June 2015	$                                                 247,360	$                                      4,620
		TOTAL LONG FUTURES CONTRACTS	$                                               247,360	$                                    4,620

COMPASS EMP U.S. 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2015
Shares				Value
		COMMON STOCK - 97.3 %
		ADVERTISING - 0.4 %
1,302		Alliance Data Systems Corp. *		$                                                     385,718
7,061		Omnicom Group, Inc. ^		550,617
				936,335
		AEROSPACE/DEFENSE - 1.8 %
2,790		Boeing Co.		418,723
3,720		General Dynamics Corp.		504,916
2,578		L-3 Communications Holdings, Inc.		324,287
2,643		Lockheed Martin Corp.		536,423
2,808		Northrop Grumman Corp.		451,976
4,360		Raytheon Co.		476,330
6,546		Rockwell Collins, Inc.		632,016
4,643		United Technologies Corp.		544,160
				3,888,831
		AGRICULTURE - 1.1 %
11,384		Altria Group, Inc.		569,428
8,115		Archer-Daniels-Midland Co.		384,651
6,400		Lorillard, Inc.		418,240
7,429		Philip Morris International, Inc.		559,627
6,604		Reynolds American, Inc. ^		455,082
				2,387,028
		AIRLINES - 0.5 %
4,114		Alaska Air Group, Inc.		272,265
12,369		JetBlue Airways Corp. * ^		238,103
6,288		Southwest Airlines Co.		278,558
2,816		Spirit Airlines Inc. *		217,846
				1,006,772
		APPAREL - 0.9 %
10,984		Hanesbrands, Inc.		368,074
3,934		NIKE, Inc.		394,698
2,253		Ralph Lauren Corp.		296,270
3,736		Under Armour, Inc. - Cl. A * ^		301,682
6,355		VF Corp.		478,595
				1,839,319
		AUTO MANUFACTURERS - 0.5 %
23,761		Ford Motor Co.		383,503
9,348		General Motors Co.		350,550
6,519		PACCAR, Inc.		411,610
				1,145,663
		AUTO PARTS & EQUIPMENT - 0.9 %
12,515		Allison Transmission Holdings, Inc.		399,729
5,280		BorgWarner, Inc.		319,334
8,488		Johnson Controls, Inc.		428,135
3,285		Lear Corp.		364,044
3,136		WABCO Holdings, Inc. * ^		385,352
				1,896,594
		BANKS - 4.9 %
11,331		Bank of New York Mellon Corp.		455,959
12,393		BB&T Corp.		483,203
6,381		Capital One Financial Corp.		502,950
9,223		CIT Group, Inc.		416,142
7,794		Citigroup, Inc.		401,547
3,415		City National Corp. ^		304,208
7,702		Comerica, Inc. ^		347,591
9,153		East West Bancorp, Inc.		370,330
20,672		Fifth Third Bancorp		389,667
5,184		First Republic Bank		295,955
2,481		Goldman Sachs Group, Inc.		466,354
38,945		Huntington Bancshares, Inc.		430,342
7,037		JPMorgan Chase & Co.		426,301
25,961		KeyCorp		367,608
3,960		M&T Bank Corp. ^		502,920
11,625		Morgan Stanley		414,896
6,177		Northern Trust Corp.		430,228
5,094		PNC Financial Services Group, Inc.		474,965
38,964		Regions Financial Corp.		368,210
COMPASS EMP U.S. 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		BANKS (Continued) - 4.9 %
2,877		Signature Bank  *		$                                                     372,802
5,514		State Street Corp.		405,444
10,020		SunTrust Banks, Inc.		411,722
2,495		SVB Financial Group  *		316,965
12,168		US Bancorp		531,377
9,899		Wells Fargo & Co.		538,506
				10,426,192
		BEVERAGES - 1.7 %
5,838		Brown-Forman Corp.		527,463
13,140		Coca-Cola Co.		532,827
10,053		Coca-Cola Enterprises, Inc.		444,343
4,018		Constellation Brands, Inc.  *		466,932
6,378		Dr Pepper Snapple Group, Inc.		500,545
2,177		Keurig Green Mountain, Inc.		243,236
1,427		Monster Beverage Corp.  *		197,490
6,568		PepsiCo, Inc.		628,032
				3,540,868
		BIOTECHNOLOGY - 0.8 %
2,302		Amgen, Inc.		367,975
572		Biogen Idec, Inc. *		241,521
2,489		Celgene Corp. * ^		286,932
2,444		Gilead Sciences, Inc. *		239,830
1,396		Illumina, Inc. *		259,153
635		Regeneron Pharmaceuticals, Inc. * ^		286,690
				1,682,101
		BUILDING MATERIALS - 0.4 %
13,394		Masco Corp.		357,620
4,737		Vulcan Materials Co.		399,329
				756,949
		CHEMICALS - 3.7 %
2,522		Air Products & Chemicals, Inc.		381,528
4,767		Airgas, Inc.		505,826
1,262		CF Industries Holdings, Inc.		358,004
6,804		Dow Chemical Co. ^		326,456
4,452		Eastman Chemical Co.		308,346
3,852		Ecolab, Inc.		440,592
6,034		EI du Pont de Nemours & Co.		431,250
6,505		FMC Corp.		372,411
3,558		International Flavors & Fragrances, Inc.		417,709
2,660		LyondellBasell Industries NV		233,548
9,742		Mosaic Co.		448,717
1,053		NewMarket Corp.		503,123
1,950		PPG Industries, Inc.		439,803
4,502		Praxair, Inc.		543,571
8,548		RPM International, Inc.		410,219
1,723		Sherwin-Williams Co.		490,194
6,023		Valspar Corp.		506,113
3,592		Westlake Chemical Corp. ^		258,408
3,506		WR Grace & Co. *		346,638
				7,722,456
		COMMERCIAL SERVICES - 4.6 %
8,071		ADT Corp. ^		335,108
13,503		Aramark Holdings Corp.		427,100
6,905		Automatic Data Processing, Inc.		591,344
5,562		Cintas Corp. ^		454,026
1,539		CoStar Group, Inc. *		304,460
5,627		Equifax, Inc.		523,311
2,081		FleetCor Technologies, Inc. *		314,065
5,278		Gartner, Inc. *		442,560
4,519		Global Payments, Inc. ^		414,302
371		Graham Holdings Co.		389,413
4,618		Macquarie Infrastructure Co.		380,015
3,647		Manpowergroup, Inc.		314,189
4,347		MasterCard, Inc. - Cl. A		375,537
4,465		Moody's Corp. ^		463,467
10,026		Quanta Services, Inc. *		286,042
COMPASS EMP U.S. 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		COMMERCIAL SERVICES (Continued) - 4.6 %
6,952		Robert Half International, Inc.		$                                                     420,735
11,145		SEI Investments Co.		491,383
19,850		Services Corp. International		517,093
12,014		Total System Services, Inc.		458,334
3,667		Towers Watson & Co.		484,722
2,692		United Rentals, Inc.  *		245,403
8,538		Verisk Analytics, Inc. - Cl. A  *		609,613
22,120		Western Union Co. ^		460,317
				9,702,539
		COMPUTERS - 2.8 %
11,824		Amdocs Ltd.		643,226
3,116		Apple, Inc.		387,724
22,291		Cadence Design System, Inc. *		411,046
5,185		Cognizant Technology Solutions Corp. - Cl. A *		323,492
16,776		EMC Corp.		428,795
9,537		Hewlett-Packard Co.		297,173
3,593		IHS, Inc. - Cl. A *		408,740
2,874		International Business Machines Corp.		461,277
8,493		Jack Henry & Associates, Inc.		593,576
9,885		NetApp, Inc.		350,522
2,850		SanDisk Corp. ^		181,317
6,136		Seagate Technology PLC		319,256
10,672		Synopsys, Inc. *		494,327
7,259		Teradata Corp.  * ^		320,412
3,572		Western Digital Corp.		325,088
				5,945,971
		COSMETICS/PERSONAL CARE - 0.8 %
8,268		Colgate-Palmolive Co.		573,303
5,705		Estee Lauder Cos, Inc. ^		474,428
8,197		Procter & Gamble Co.		671,662
				1,719,393
		DISTRIBUTION/WHOLESALE - 0.8 %
9,646		Fastenal Co. ^		399,682
5,371		Genuine Parts Co.		500,523
13,189		LKQ Corp. *		337,111
2,029		WW Grainger, Inc. ^		478,458
				1,715,774
		DIVERSIFIED FINANCIAL SERVICES - 3.8 %
1,730		Affiliated Managers Group, Inc. *		371,569
16,521		Ally Financial, Inc. *		346,611
5,274		American Express Co.		412,005
3,102		Ameriprise Financial, Inc.		405,866
1,209		BlackRock, Inc. - Cl. A		442,301
7,205		CBOE Holdings, Inc.		413,603
9,919		Charles Schwab Corp.		301,934
5,101		CME Group, Inc. - Cl. A		483,116
7,276		Discover Financial Services		410,003
9,805		E*Trade Financial Corp. * ^		279,982
8,400		Franklin Resources, Inc.		431,088
12,099		Interactive Brokers Group, Inc. - Cl. A		411,608
10,365		Invesco Ltd.		411,387
6,862		Legg Mason, Inc.		378,782
9,579		NASDAQ OMX Group, Inc. ^		487,954
7,100		Raymond James Financial, Inc.		403,138
12,594		Santander Consumer USA Holding		291,425
6,492		T Rowe Price Group, Inc.		525,722
10,389		TD Ameritrade Holding Corp.		387,094
6,266		Visa, Inc. - Cl. A ^		409,859
				8,005,047
		ELECTRIC - 5.0 %
7,850		Alliant Energy Corp.		494,550
10,309		Ameren Corp.		435,040
8,371		American Electric Power Co., Inc.		470,869
13,805		CMS Energy Corp.		481,933
8,573		Consolidated Edison, Inc. ^		522,953
6,421		Dominion Resources, Inc. ^		455,056
5,721		DTE Energy Co.		461,627
COMPASS EMP U.S. 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		ELECTRIC (Continued) - 5.0 %
7,406		Edison International		$                                                     462,653
5,659		Entergy Corp. ^		438,516
9,313		Eversource Energy		470,493
11,948		Exelon Corp.		401,572
5,334		Integrys Energy Group, Inc.		384,155
12,118		ITC Holdings Corp.		453,577
4,865		NextEra Energy, Inc.		506,203
14,164		OGE Energy Corp.		447,724
8,941		PG&E Corp. ^		474,499
7,564		Pinnacle West Capital Corp.		482,205
9,205		Public Service Enterprise Group, Inc. ^		385,874
8,467		SCANA Corp.		465,600
11,877		Southern Co.		525,914
13,315		Westar Energy, Inc.		516,089
8,769		Wisconsin Energy Corp. ^		434,066
13,739		Xcel Energy, Inc.		478,255
				10,649,423
		ELECTRICAL COMPONENTS & EQUIPMENT - 1.0 %
1,689		Acuity Brands, Inc.		284,022
7,869		AMETEK, Inc. ^		413,437
7,677		Emerson Electric Co.		434,672
3,956		Energizer Holdings, Inc.		546,126
3,143		Hubbell, Inc.		344,536
				2,022,793
		ELECTRONICS - 2.5 %
9,577		Agilent Technologies, Inc.		397,924
7,655		Amphenol Corp.		451,109
6,020		Arrow Electronics, Inc. *		368,123
8,352		Avnet Inc.		371,664
16,428		Corning, Inc.		372,587
25,820		Flextronics International Ltd. *		327,269
21,330		Gentex Corp.		390,339
4,808		Honeywell International, Inc.		501,522
1,480		Mettler-Toledo International, Inc. *		486,402
9,715		PerkinElmer, Inc.		496,825
3,482		Thermo Fisher Scientific, Inc.		467,772
11,190		Trimble Navigation Ltd.  *		281,988
3,484		Waters Corp. *		433,131
				5,346,655
		ENERGY-ALTERNATE SOURCES - 0.1 %
3,235		First Solar, Inc. *		193,421
		ENGINEERING & CONSTRUCTION - 0.3 %
5,436		Fluor Corp.		310,722
8,173		Jacobs Engineering Group, Inc. * ^		369,093
				679,815
		ENTERTAINMENT - 0.2 %
5,116		Madison Square Garden Co. *		433,069
		ENVIRONMENTAL CONTROL - 0.9 %
16,037		Republic Services, Inc. - Cl. A		650,461
5,231		Stericycle, Inc.  * ^		734,589
11,502		Waste Connections, Inc.		553,706
				1,938,756
		FOOD - 3.5 %
12,254		Campbell Soup Co. ^		570,424
10,675		General Mills, Inc.		604,205
5,444		Hain Celestial Group, Inc. *		348,688
5,355		Hershey Co. ^		540,373
8,597		Hormel Foods Corp. ^		488,739
6,765		Ingredion, Inc.		526,452
4,825		JM Smucker Co.		558,397
7,359		Kroger Co.		564,141
8,097		McCormick & Co., Inc. ^		624,360
14,410		Mondelez International, Inc. - Cl. A		520,057
7,095		Pilgrim's Pride Corp. ^		160,276
COMPASS EMP U.S. 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		FOOD (Continued) - 3.5 %
9,125		Sprout Farmers Markets, Inc. *		$                                                     321,474
13,370		Sysco Corp. ^		504,450
9,273		Tyson Foods, Inc.		355,156
6,966		WhiteWave Foods Co. - Cl. A  *		308,872
6,280		Whole Foods Market, Inc.		327,062
				7,323,126
		GAS - 1.0 %
8,829		Atmos Energy Corp.		488,244
19,377		Centerpoint Energy, Inc.		395,485
6,835		National Fuel Gas Co. ^		412,356
9,380		NiSource, Inc.		414,221
4,298		Sempra Energy ^		468,568
				2,178,874
		HAND/MACHINE TOOLS - 0.6 %
6,326		Lincoln Electric Holdings, Inc.		413,657
3,231		Snap-on, Inc.		475,151
4,788		Stanley Black & Decker, Inc.		456,584
				1,345,392
		HEALTHCARE-PRODUCTS - 3.6 %
8,345		Baxter International, Inc.		571,633
3,289		Becton Dickinson and Co.		472,268
2,240		Cooper Cos, Inc.		419,821
10,544		DENTSPLY International, Inc.		536,584
2,370		Edwards Lifesciences Corp. *		337,630
4,140		Henry Schein, Inc.  * ^		578,027
2,773		IDEXX Laboratories, Inc.  * ^		428,373
594		Intuitive Surgical, Inc. *		299,988
11,705		Patterson Cos, Inc.		571,087
5,833		ResMed, Inc. ^		418,693
6,253		Sirona Dental Systems, Inc. *		562,707
6,082		St Jude Medical, Inc.		397,763
6,281		Stryker Corp.		579,422
5,025		Teleflex, Inc.		607,171
4,925		Varian Medical Systems, Inc. * ^		463,393
3,758		Zimmer Holdings, Inc.		441,640
				7,686,200
		HEALTHCARE-SERVICES - 2.2 %
3,867		Aetna, Inc.		411,952
2,700		Anthem, Inc.		416,907
3,508		Cigna Corp.		454,075
5,078		Centene Corp. *		358,964
6,791		DaVita HealthCare Partners, Inc. *		551,972
4,206		HCA Holdings, Inc. *		316,417
3,510		Laboratory Corp. of America Holdings *		442,576
6,232		MEDNAX, Inc. *		451,882
6,225		Quest Diagnostics, Inc. ^		478,391
3,708		UnitedHealth Group, Inc.		438,619
2,901		Universal Health Services, Inc.		341,477
				4,663,232
		HOME BUILDERS - 0.8 %
10,178		DR Horton, Inc. ^		289,869
6,374		Lennar Corp. ^		330,237
313		NVR, Inc. *		415,871
14,267		PulteGroup, Inc. ^		317,155
9,144		Toll Brothers, Inc. * ^		359,725
				1,712,857
		HOME FURNISHINGS - 0.3 %
1,594		Harman International Industries, Inc.		213,006
1,744		Whirlpool Corp.		352,393
				565,399
		HOUSEHOLD PRODUCTS/WARES - 0.6 %
7,723		Church & Dwight Co., Inc.		659,699
4,977		Clorox Co. ^		549,411
				1,209,110
COMPASS EMP U.S. 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		HOUSEWARES - 0.2 %
11,751		Newell Rubbermaid, Inc.		$                                                     459,112
		INSURANCE - 5.7 %
9,564		Aflac, Inc.		612,192
1,154		Alleghany Corp. *		561,998
9,093		Allstate Corp.		647,149
10,374		American Financial Group, Inc.		665,492
9,197		American International Group, Inc.		503,904
14,002		Arthur J Gallagher & Co.		654,593
6,267		Chubb Corp.		633,594
12,289		Cincinnati Financial Corp.		654,758
12,895		CNA Financial Corp. ^		534,240
12,122		HCC Insurance Holdings, Inc.		686,954
6,260		Lincoln National Corp.		359,700
876		Markel Corp. * ^		673,609
11,179		Marsh & McLennan Cos, Inc.		627,030
7,725		MetLife, Inc.		390,499
8,157		Principal Financial Group, Inc.		419,025
22,817		Progressive Corp.		620,622
5,825		Reinsurance Group of America		542,832
10,585		Torchmark Corp.		581,328
6,027		Travelers Cos, Inc.		651,699
10,269		Voya Financial, Inc.		442,697
12,113		WR Berkley Corp.		611,828
				12,075,743
		INTERNET - 1.5 %
11,547		CDW Corp.		430,010
2,762		F5 Networks, Inc. * ^		317,464
4,189		Facebook, Inc. - Cl. A *		344,399
752		Google, Inc. - Cl. A *		417,134
441		Netflix, Inc. *		183,760
264		Priceline.com, Inc. *		307,336
16,917		Symantec Corp.		395,266
2,225		TripAdvisor, Inc. *		185,053
5,633		VeriSign, Inc. * ^		377,242
6,776		Yahoo!, Inc. *		301,092
				3,258,756
		INVESTMENT COMPANIES - 0.3 %
31,995		Ares Capital Corp. ^		549,354
		IRON/STEEL - 0.2 %
8,069		Nucor Corp. ^		383,520
		LEISURE TIME - 0.7 %
5,532		Harley-Davidson, Inc.		336,014
7,788		Jarden Corp. * ^		411,985
2,455		Polaris Industries, Inc. ^		346,400
3,560		Royal Caribbean Cruises Ltd. ^		291,386
				1,385,785
		LODGING - 1.2 %
13,998		Hilton Worldwide Holdings, Inc. *		414,621
7,518		Hyatt Hotels Corp. - Cl. A  *		445,216
5,550		Las Vegas Sands Corp.		305,472
5,303		Marriott International, Inc. ^		425,937
4,028		Starwood Hotels & Resorts Worldwide, Inc.		336,338
4,468		Wyndham Worldwide Corp. ^		404,220
2,169		Wynn Resorts Ltd.		273,034
				2,604,838
		MACHINERY-CONSTRUCTION & MINING - 0.2 %
4547		Caterpillar, Inc. ^		363,896
		MACHINERY-DIVERSIFIED - 1.7 %
2,649		Cummins, Inc.		367,257
5,678		Deere & Co. ^		497,904
5,056		Flowserve Corp.		285,613
COMPASS EMP U.S. 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		MACHINERY-DIVERSIFIED (Continued) - 1.7 %
6,732		IDEX Corp.		$                                                     510,487
2,805		Middleby Corp. *		287,933
3,302		Rockwell Automation, Inc. ^		382,999
2,868		Roper Industries, Inc. ^		493,296
4,079		Wabtec Corp.		387,546
11,191		Xylem, Inc.		391,909
				3,604,944
		MEDIA - 3.4 %
5,036		AMC Networks, Inc. *		385,959
17,179		Cablevision Systems Corp.		314,376
6,004		CBS Corp.		364,022
7,743		Comcast Corp. ^		437,247
8,509		Discovery Communications, Inc. *		261,737
4,563		DISH Network Corp. *		319,684
3,529		FactSet Research Systems, Inc. ^		561,817
9,109		Gannett Co., Inc.		337,762
10,604		Liberty Media Corp.  *		408,784
25,606		News Corp. *		409,952
9,834		Nielsen Holdings NV		438,301
5,608		Scripps Networks Interactive, Inc. ^		384,484
116,327		Sirius XM Holdings, Inc. *		444,369
2,454		Time Warner Cable, Inc.		367,805
3,111		Time Warner, Inc.		262,693
4,040		Tribune Media Co.		245,672
10,496		Twenty-First Century Fox, Inc. ^		355,185
5,421		Viacom, Inc.		370,254
4,650		Walt Disney Co. ^		487,739
				7,157,842
		METAL FABRICATE/HARDWARE - 0.2 %
1,796		Precision Castparts Corp.		377,160
		MINING - 0.1 %
9,891		Southern Copper Corp. ^		288,619
		MISCELLANEOUS MANUFACTURING - 3.0 %
3,426		3M Co.		565,119
6,445		AO Smith Corp.		423,179
4,238		Carlisle Cos., Inc.		392,566
6,025		Colfax Corp. * ^		287,573
6,155		Danaher Corp.		522,559
12,018		Donaldson Co., Inc.		453,199
5,426		Dover Corp.		375,045
4,933		Eaton Corp. PLC		335,148
22,266		General Electric Co.		552,419
5,984		Illinois Tool Works, Inc. ^		581,286
6,559		Ingersoll-Rand PLC		446,537
4,900		Pall Corp.		491,911
3,095		Parker Hannifin Corp.		367,624
7,775		Textron, Inc.		344,666
5,718		Trinity Industries, Inc.		203,046
				6,341,877
		OFFICE/BUSINESS EQUIPMENT - 0.2 %
26,704		Xerox Corp. ^		343,146
		OIL & GAS - 1.9 %
3,616		Chevron Corp.		379,608
1,924		Cimarex Energy Co.		221,433
1,639		Concho Resources, Inc. *		189,993
3,251		Continental Resources, Inc. *		141,971
2,740		EOG Resources, Inc.		251,231
5,264		Exxon Mobil Corp.		447,440
2,948		Helmerich & Payne, Inc. ^		200,670
9,416		Marathon Oil Corp.		245,852
2,812		Marathon Petroleum Corp.		287,921
5,607		Murphy Oil Corp.		261,286
COMPASS EMP U.S. 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		OIL & GAS (Continued) - 1.9 %
4,979		Noble Energy, Inc.		$                                                     243,473
3,593		Phillips 66		282,410
4,643		Range Resources Corp. ^		241,622
10,420		Southwestern Energy Co. * ^		241,640
4,825		Valero Energy Corp.		306,967
				3,943,517
		OIL & GAS SERVICES - 1.0 %
3,933		Baker Hughes, Inc.		250,060
5,799		Cameron International Corp. *		261,651
4,043		Dresser-Rand Group, Inc. * ^		324,855
6,631		FMC Technologies, Inc. *		245,413
5,416		Halliburton Co.		237,654
5,643		National Oilwell Varco, Inc. ^		282,093
5,423		Oceaneering International, Inc.		292,462
3,607		Schlumberger Ltd.		300,968
				2,195,156
		PACKAGING & CONTAINERS - 1.0 %
5,641		Ball Corp.		398,480
7,448		Crown Holdings, Inc. *		402,341
7,146		MeadWestvaco Corp.		356,371
4,473		Packaging Corp. of America		349,744
5,314		Rock-Tenn Co.		342,753
7,200		Sealed Air Corp.		328,032
				2,177,721
		PHARMACEUTICALS - 2.9 %
10,888		Abbott Laboratories		504,441
6,561		Bristol-Myers Squibb Co.		423,184
5,840		Cardinal Health, Inc.		527,177
7,373		Eli Lilly & Co.		535,648
5,363		Express Scripts Holding Co. *		465,348
5,378		Johnson & Johnson		541,027
2,073		McKesson Corp.		468,913
3,751		Mead Johnson Nutrition Co. - Cl. A		377,088
8,189		Merck & Co., Inc.		470,704
5,356		Mylan, Inc. *		317,879
16,751		Pfizer, Inc.		582,767
6,240		Quintiles Transnational Holdings, Inc. *		417,893
8,156		Zoetis, Inc. - Cl. A		377,541
				6,009,610
		PIPELINES - 0.5 %
8,409		Kinder Morgan, Inc. ^		353,683
5,345		ONEOK, Inc. ^		257,843
11,421		Spectra Energy Corp. ^		413,097
				1,024,623
		REAL ESTATE - 0.4 %
12,798		CBRE Group, Inc. - Cl. A *		495,410
2,521		Jones Lang LaSalle, Inc.		429,578
				924,988
		RETAIL - 6.7 %
2,523		Advance Auto Parts, Inc.		377,668
5,165		AutoNation, Inc. *		332,264
862		AutoZone, Inc. * ^		588,022
5,077		Bed Bath & Beyond, Inc. *		389,787
5,727		Best Buy Co., Inc. ^		216,423
3,961		CarMax, Inc. *		273,349
505		Chipotle Mexican Grill, Inc. - Cl. A * ^		328,523
7,230		Coach, Inc.		299,539
3,888		Costco Wholesale Corp. ^		589,013
5,772		CVS Caremark Corp.		595,728
5,507		Dick's Sporting Goods, Inc.		313,844
2,266		Dillards Inc - Cl. A		309,332
4,708		Dollar General Corp.		354,889
5,901		Dollar Tree, Inc. *		478,837
4,257		Domino's Pizza, Inc.		428,041
5,554		Foot Locker, Inc.		349,902
7,761		Gap, Inc.		336,284
COMPASS EMP U.S. 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		RETAIL  (Continued) - 6.7 %
3,775		Home Depot, Inc.		$                                                     428,878
4,915		Kohl's Corp. ^		384,599
4,698		L Brands, Inc.		442,974
6,303		Lowe's Cos, Inc.		468,880
5,904		Macy's, Inc. ^		383,229
5,727		McDonald's Corp.		558,039
5,430		Nordstrom, Inc.		436,138
2,019		O'Reilly Automotive, Inc. * ^		436,589
25,993		Rite Aid Corp. *		225,879
3,586		Ross Stores, Inc.		377,821
13,513		Sally Beauty Holdings, Inc. *		464,442
15,408		Staples, Inc. ^		250,919
5,178		Starbucks Corp.		490,357
6,030		TJX Cos, Inc.		422,401
3,472		Tractor Supply Co. ^		295,328
2,139		Ulta Salon Cosmetics & Fragrance, Inc. *		322,668
5,787		Urban Outfitters, Inc. * ^		264,176
6,539		Wal-Mart Stores, Inc.		537,833
4,120		Williams-Sonoma, Inc.		328,405
				14,081,000
		SAVINGS & LOANS - 0.5 %
41,907		Hudson City Bancorp, Inc.		439,185
35,059		New York Community Bancorp, Inc. ^		586,537
				1,025,722
		SEMICONDUCTORS - 2.5 %
11,725		Altera Corp.		503,120
6,664		Analog Devices, Inc.		419,832
13,831		Applied Materials, Inc.		312,027
10,389		Intel Corp.		324,864
3,027		IPG Photonics Corp. * ^		280,603
5,422		KLA-Tencor Corp.		316,048
4,418		Lam Research Corp. ^		310,298
8,728		Linear Technology Corp. ^		408,470
6,254		Microchip Technology, Inc. ^		305,821
7,992		Micron Technology, Inc. * ^		216,823
13,466		NVIDIA Corp.		281,776
19,017		ON Semiconductor Corp. *		230,296
4,560		QUALCOMM, Inc.		316,190
2,403		Skyworks Solutions, Inc.		236,191
7,362		Texas Instruments, Inc.		420,996
7,050		Xilinx, Inc. ^		298,215
				5,181,570
		SHIPBUILDING - 0.2 %
2,670		Huntington Ingalls Industries, Inc.		374,201
		SOFTWARE - 3.8 %
4,419		Adobe Systems, Inc. *		326,741
4,775		Akamai Technologies, Inc. *		339,240
6,126		ANSYS, Inc. *		540,252
5,582		Autodesk, Inc. *		327,328
10,716		Broadridge Financial Solutions, Inc.		589,487
14,106		CA, Inc. ^		459,997
6,632		Cerner Corp. *		485,860
6,802		Citrix Systems, Inc. *		434,444
8,924		Fidelity National Information Services, Inc. ^		607,367
7,776		Fiserv, Inc. *		617,414
9,031		Microsoft Corp. ^		367,155
8,140		MSCI, Inc. - Cl. A		499,063
9,998		Oracle Corp.		431,414
12,421		Paychex, Inc.		616,268
4,214		Rackspace Hosting, Inc. *		217,400
5,270		Red Hat, Inc. * ^		399,202
5,164		SS&C Technologies Holdings, Inc.		321,717
3,879		Vmware, Inc. - Cl. A *		318,117
				7,898,466
COMPASS EMP U.S. 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		TELECOMMUNICATIONS - 1.4 %
11,346		CenturyLink, Inc. ^		$                                                     392,004
14,722		Cisco Systems, Inc.		405,223
7,377		EchoStar Holding Corp. *		381,538
9,829		Fortinet, Inc. *		343,523
36,576		Frontier Communications Corp.		257,861
5,673		Harris Corp.		446,805
6,188		Level 3 Communications, Inc. *		333,162
7,132		Motorola Solutions, Inc.		475,490
				3,035,606
		TEXTILES - 0.2 %
2,046		Mohawk Industries, Inc. * ^		380,044
		TOYS/GAMES/HOBBIES - 0.2 %
6,442		Hasbro, Inc. ^		407,392
		TRANSPORTATION - 2.0 %
5,261		CH Robinson Worldwide, Inc. ^		385,210
11,149		CSX Corp.		369,255
8,624		Expeditors International of Washington, Inc.		415,504
2,575		FedEx Corp.		426,034
3,231		Genesee & Wyoming, Inc. *		311,598
5,646		JB Hunt Transport Services, Inc. ^		482,140
3,084		Kansas City Southern		314,815
3,553		Norfolk Southern Corp.		365,675
5,528		Old Dominion Freight Line, Inc. * ^		427,314
3,269		Union Pacific Corp.		354,065
4,518		United Parcel Service, Inc. Cl. B		437,975
				4,289,585
		TRUCKING & LEASING - 0.2 %
1,126		AMERCO		372,030
		WATER - 0.3 %
9,778		American Water Works Co., Inc.		530,065
		TOTAL COMMON STOCK (Cost - $184,350,276)		205,311,842
		EXCHNAGE TRADED FUND - 1.5 %
		EQUITY FUND - 1.5 %
81,733		Compass EMP US 500 Enhanced Volatility Weighted Index ^		3,046,189
		TOTAL EXCHANGE TRADED FUND (Cost - $2,705,226)
		SHORT-TERM INVESTMENTS - 1.0 %
		MONEY MARKET FUND - 1.0 %
2,178,659		Invesco STIT - Liquid Assets Portfolio, Institutional Class, 0.08% **		2,178,659
		TOTAL SHORT-TERM INVESTMENTS (Cost - $2,178,659)
		COLLATERAL FOR SECURITIES LOANED - 16.5 %
34,879,364		Mount Vernon Securities Lending Prime Portfolio, 0.22%		34,879,364
		TOTAL COLLATERAL FOR SECURITIES LOANED (Cost - $34,879,364)
		TOTAL INVESTMENTS - 116.3 % (Cost - $224,113,525) (a)		$                                              245,416,054
		LIABILITIES IN EXCESS OF OTHER ASSETS - (16.3) %		(34,487,149)
		NET ASSETS - 100.0 %		$                                              210,928,905
*   Non-income producing security.
** Money market fund; interest rate reflects seven day effective yield on March 31, 2015.
^ All or a portion of this security is on loan. The market value of the loaned security is $33,783,405.
PLC - Public limited company.
(a) Represents cost for financial reporting purposes. Aggregate cost for federal tax purposes is $223,810,481
and differs from value by net unrealized appreciation/(depreciation) on securities as follows:
	Unrealized appreciation			$                                                25,485,350
	Unrealized depreciation			(4,170,416)
	Net unrealized appreciation			$                                                21,314,934
COMPASS EMP U.S. 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Number of			Underlying Face Amount	Unrealized
Contracts			at Value	Depreciation
		LONG FUTURES CONTRACTS - 0.0 %
		Equity Futures - 0.0 %
25		S&P E-Mini Future, June 2015	$                                                  2,575,938	$                                                        (4,375)
		TOTAL LONG FUTURES CONTRACTS	$                                               2,575,938	$                                                      (4,375)

COMPASS EMP LONG/SHORT STRATEGIES FUND

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2015

Shares				Value
		COMMON STOCK - 90.2 %
		ADVERSTISING - 0.4 %
102		Alliance Data Systems Corp.		$                                    30,218
553		Omnicom Group, Inc. ^		43,123
				73,341
		AEROSPACE/DEFENSE - 1.7 %
219		Boeing Co.		32,868
292		General Dynamics Corp.		39,632
202		L-3 Communications Holdings, Inc.		25,410
207		Lockheed Martin Corp.		42,013
220		Northrop Grumman Corp.		35,411
342		Raytheon Co.		37,364
513		Rockwell Collins, Inc.		49,530
364		United Technologies Corp.		42,661
				304,889
		AGRICULTURE - 1.0 %
892		Altria Group, Inc.		44,618
636		Archer-Daniels-Midland Co.		30,146
502		Lorillard, Inc.		32,806
583		Philip Morris International, Inc.		43,917
517		Reynolds American, Inc.		35,627
				187,114
		AIRLINES - 0.4 %
322		Alaska Air Group, Inc.		21,310
972		JetBlue Airways Corp. * ^		18,711
492		Southwest Airlines Co.		21,796
221		Spirit Airlines, Inc. *		17,096
				78,913
		APPAREL - 0.8 %
862		Hanesbrands, Inc.		28,887
308		NIKE, Inc.		30,902
176		Ralph Lauren Corp.		23,144
293		Under Armour, Inc. - Cl. A * ^		23,660
498		VF Corp.		37,504
				144,097
		AUTO MANUFACTURERS - 0.5 %
1,862		Ford Motor Co.		30,053
732		General Motors Co.		27,450
511		PACCAR, Inc.		32,264
				89,767
		AUTO PARTS & EQUIPMENT - 0.8 %
981		Allison Transmission Holdings, Inc.		31,333
414		BorgWarner, Inc.		25,039
666		Johnson Controls, Inc.		33,593
257		Lear Corp.		28,481
245		WABCO Holdings, Inc. * ^		30,106
				148,552
		BANKS - 4.5 %
888		Bank of America Corp.		35,733
970		BB&T Corp.		37,820
501		Capital One Financial Corp.		39,489
721		CIT Group, Inc.		32,532
611		Citigroup, Inc.		31,479
268		City National Corp.		23,873
602		Comerica, Inc. ^		27,168
719		East West Bancorp, Inc.		29,091
1,622		Fifth Third Bancorp		30,575
406		First Republic Bank		23,179
194		Goldman Sachs Group, Inc.		36,466
3,055		Huntington Bancshares, Inc.		33,758
551		JP Morgan Chase & Co.		33,380
2,034		KeyCorp		28,801
310		M&T Bank Corp. ^		39,370
909		Morgan Stanley		32,442
485		Northern Trust Corp.		33,780
399		PNC Financial Services Group, Inc.		37,203
3,054		Regions Financial Corp.		28,860
COMPASS EMP LONG/SHORT STRATEGIES FUND
SCHEDULE OF INVESTMENTS (Continued) (Unaudited)
March 31, 2015
Shares				Value
		BANKS (Continued) - 4.5 %
225		Signature Bank *		$                                    29,156
432		State Street Corp.		31,765
785		SunTrust Banks, Inc.		32,256
196		SVB Financial Group *		24,899
954		US Bancorp		41,661
775		Wells Fargo & Co.		42,160
				816,896
		BEVERAGES - 1.5 %
457		Brown-Forman Corp.		41,290
1,031		Coca-Cola Co.		41,807
788		Coca-Cola Enterprises, Inc.		34,830
315		Constellation Brands, Inc. *		36,606
500		Dr Pepper Snapple Group, Inc.		39,240
171		Keurig Green Mountain, Inc.		19,106
112		Monster Beverage Corp. *		15,500
515		PepsiCo, Inc.		49,244
				277,623
		BIOTECHNOLOGY - 0.7 %
180		Amgen, Inc.		28,773
45		Biogen Idec, Inc. *		19,001
194		Celgene Corp. * ^		22,364
191		Gilead Sciences, Inc. *		18,743
110		Illumina, Inc. *		20,420
50		Regeneron Pharmaceuticals, Inc. * ^		22,574
				131,875
		BUILDING MATERIALS - 0.3 %
1,050		Masco Corp.		28,035
371		Vulcan Materials Co.		31,275
				59,310
		CHEMICALS - 3.4 %
198		Air Products & Chemicals, Inc.		29,954
373		Airgas, Inc.		39,579
99		CF Industries Holdings, Inc.		28,084
533		Dow Chemical Co. ^		25,573
349		Eastman Chemical Co.		24,172
302		Ecolab, Inc.		34,543
473		EI du Pont de Nemours & Co.		33,805
510		FMC Corp.		29,198
279		International Flavors & Fragrances, Inc.		32,755
209		LyondellBasell Industries NV		18,350
763		Mosaic Co.		35,144
83		NewMarket Corp.		39,657
153		PPG Industries, Inc.		34,508
353		Praxair, Inc.		42,621
669		RPM International, Inc.		32,105
135		Sherwin-Williams Co.		38,408
472		Valspar Corp.		39,662
275		W.R. Grace & Co. *		27,189
282		Westlake Chemical Corp.		20,287
				605,594
		COMMERCIAL SERVICES - 4.3 %
632		ADT Corp. ^		26,241
1,059		Aramark Holdings Corp. ^		33,496
541		Automatic Data Processing, Inc.		46,331
437		Cintas Corp. ^		35,672
121		CoStar Group, Inc. *		23,937
441		Equifax, Inc.		41,013
163		FleetCor Technologies, Inc. *		24,600
414		Gartner, Inc. *		34,714
355		Global Payments, Inc.		32,546
29		Graham Holdings Co.		30,439
362		Macquarie Infrastructure Co.		29,789
286		Manpowergroup, Inc.		24,639
341		MasterCard, Inc. - Cl. A		29,459
350		Moody's Corp. ^		36,330
785		Quanta Services, Inc. *		22,396
COMPASS EMP LONG/SHORT STRATEGIES FUND
SCHEDULE OF INVESTMENTS (Continued) (Unaudited)
March 31, 2015
Shares				Value
		COMMERCIAL SERVICES (Continued) - 4.3 %
545		Robert Half International, Inc.		$                                    32,983
874		SEI Investments Co.		38,535
1,554		Services Corp. International		40,482
941		Total System Services, Inc.		35,899
287		Towers Watson & Co.		37,937
211		United Rentals, Inc. *		19,235
669		Verisk Analytics, Inc. - Cl. A *		47,767
1,732		Western Union Co. ^		36,043
				760,483
		COMPUTERS- 2.6 %
926		Amdocs Limited		50,374
244		Apple, Inc.		30,361
1,750		Cadence Design System, Inc. *		32,270
407		Cognizant Technology Solutions Corp. - Cl. A *		25,393
1,313		EMC Corp.		33,560
748		Hewlett-Packard Co.		23,308
282		IHS, Inc. - Cl. A *		32,080
225		International Business Machines Corp.		36,112
667		Jack Henry & Associates, Inc.		46,617
775		NetApp, Inc.		27,482
223		SanDisk Corp. ^		14,187
482		Seagate Technology PLC		25,078
836		Synopsys, Inc. *		38,724
569		Teradata Corp. *		25,116
280		Western Digital Corp.		25,483
				466,145
		COSMETIC/PERSONAL CARE - 0.8 %
648		Colgate-Palmolive Co.		44,932
446		Estee Lauder Cos, Inc. ^		37,089
641		Procter & Gamble Co.		52,524
				134,545
		DISTRIBUTION/WHOLESALE - 0.8 %
756		Fastenal Co. ^		31,325
421		Genuine Parts Co.		39,233
1,034		LKQ Corp. *		26,429
159		WW Grainger, Inc. ^		37,494
				134,481
		DIVERSIFIED FINANCIAL SERVICES - 3.5 %
136		Affiliated Managers Group, Inc. *		29,210
1,295		Ally Financial, Inc. *		27,169
414		American Express Co.		32,342
243		Ameriprise Financial, Inc.		31,794
95		BlackRock, Inc. - Cl. A		34,755
565		CBOE Holdings, Inc.		32,434
776		Charles Schwab Corp.		23,621
401		CME Group, Inc. - Cl. A		37,979
570		Discover Financial Services		32,120
770		E*Trade Financial Corp. *		21,987
657		Franklin Resources, Inc.		33,717
951		Interactive Brokers Group, Inc.		32,353
812		Invesco Ltd.		32,228
538		Legg Mason, Inc.		29,698
751		NASDAQ OMX Group, Inc.		38,256
555		Raymond James Financial, Inc.		31,513
987		Santander Consumer USA Holdings, Inc.		22,839
508		T Rowe Price Group, Inc.		41,138
812		TD Ameritrade Holding Corp.		30,255
491		Visa, Inc. - Cl. A ^		32,116
				627,524
		ELECTRIC - 4.7 %
616		Alliant Energy Corp.		38,808
809		Ameren Corp.		34,140
656		American Electric Power Co., Inc.		36,900
1,082		CMS Energy Corp.		37,773
672		Consolidated Edison, Inc.		40,992
503		Dominion Resources, Inc.		35,648
COMPASS EMP LONG/SHORT STRATEGIES FUND
SCHEDULE OF INVESTMENTS (Continued) (Unaudited)
March 31, 2015
Shares				Value
		ELECTRIC (Continued) - 4.7 %
449		DTE Energy Co.		$                                    36,230
580		Edison International		36,233
444		Entergy Corp.		34,405
730		Eversource Energy		36,879
936		Exelon Corp.		31,459
418		Integrys Energy Group, Inc.		30,104
950		ITC Holdings Corp.		35,558
381		NextEra Energy, Inc.		39,643
1,110		OGE Energy Corp.		35,087
702		PG&E Corp.		37,255
593		Pinnacle West Capital Corp.		37,804
722		Public Service Enterprise Group, Inc. ^		30,266
664		SCANA Corp.		36,513
931		Southern Co.		41,225
1,043		Westar Energy, Inc.		40,427
687		Wisconsin Energy Corp. ^		34,006
1,076		Xcel Energy, Inc.		37,455
				834,810
		ELECTRIC COMPONENTS & EQUIPMENT - 0.9 %
132		Acuity Brands, Inc.		22,197
617		AMETEK, Inc. ^		32,417
602		Emerson Electric Co.		34,085
310		Energizer Holdings, Inc.		42,796
246		Hubbell, Inc.		26,967
				158,462
		ELECTRONICS - 2.3 %
751		Agilent Technologies, Inc.		31,204
601		Amphenol Corp.		35,417
472		Arrow Electronics, Inc. *		28,863
655		Avnet, Inc.		29,148
1,288		Corning, Inc.		29,212
2,027		Flextronics International Ltd. *		25,692
1,672		Gentex Corp.		30,598
378		Honeywell International, Inc.		39,429
116		Mettler-Toledo International, Inc. *		38,123
761		PerkinElmer, Inc.		38,918
273		Thermo Fisher Scientific, Inc.		36,675
877		Trimble Navigation Ltd. *		22,100
273		Waters Corp. *		33,939
				419,318
		ENERGY - ALTERNATIVE SERVICES - 0.1 %
253		First Solar, Inc. *		15,127
		ENGINEERING & CONSTRUCTION - 0.3 %
426		Fluor Corp.		24,350
640		Jacobs Engineering Group, Inc. * ^		28,902
				53,252
		ENTERTAINMENT - 0.2 %
400		Madison Square Garden, Inc. *		33,860
		ENVIRONMENTAL CONTROL - 0.9 %
1,255		Republic Services, Inc. - Cl. A		50,903
410		Stericycle, Inc. *		57,576
901		Waste Connections, Inc.		43,374
				151,853
		FOOD - 3.2 %
960		Cambell Soup Co.		44,688
837		General Mills, Inc. ^		47,374
427		Hain Celestial Group, Inc. *		27,349
420		Hershey Co. ^		42,382
674		Hormel Foods Corp.		38,317
530		Ingredion, Inc.		41,245
378		JM Smucker Co.		43,746
577		Kroger Co.		44,233
635		McCormick & Co., Inc. ^		48,965
1,130		Mondelez International, Inc. - Cl. A		40,782
COMPASS EMP LONG/SHORT STRATEGIES FUND
SCHEDULE OF INVESTMENTS (Continued) (Unaudited)
March 31, 2015
Shares				Value
		FOOD (Continued) - 3.2 %
555		Pilgrim's Pride Corp.  ^		$                                    12,537
716		Sprout Farmers Markets, Inc. *		25,225
1,048		Sysco Corp.		39,541
727		Tyson Foods, Inc.		27,844
547		WhiteWave Foods Co. - Cl. A *		24,254
490		Whole Foods Market, Inc.		25,520
				574,002
		GAS - 1.0 %
692		Atmos Energy Corp.		38,267
1,521		Centerpoint Energy, Inc.		31,044
537		National Fuel Gas Co.		32,397
736		NiSource, Inc.		32,502
337		Sempra Energy		36,740
				170,950
		HAND/MACHINE TOOLS - 0.6 %
497		Lincoln Electric Holdings, Inc.		32,499
253		Snap-on, Inc.		37,206
375		Stanley Black & Decker, Inc.		35,760
				105,465
		HEALTHCARE PRODUCTS - 3.4 %
654		Baxter International, Inc.		44,799
258		Becton Dickinson and Co.		37,046
175		Cooper Cos, Inc.		32,799
827		DENTSPLY International, Inc.		42,086
186		Edwards Lifesciences Corp. *		26,498
324		Henry Schein, Inc. * ^		45,237
217		IDEXX Laboratories, Inc. * ^		33,522
47		Intuitive Surgical, Inc.* ^		23,736
918		Patterson Cos, Inc.		44,789
457		ResMed, Inc. ^		32,803
491		Sirona Dental Systems, Inc. *		44,185
477		St Jude Medical, Inc.		31,196
492		Stryker Corp.		45,387
394		Teleflex, Inc.		47,607
385		Varian Medical Systems, Inc. *		36,225
295		Zimmer Holdings, Inc.		34,668
				602,583
		HEALTHCARE SERVICES - 2.0 %
303		Aetna, Inc.		32,279
211		Anthem, Inc.		32,580
398		Centene Corp. *		28,135
275		Cigna Corp.		35,596
532		DaVita HealthCare Partners, Inc. *		43,241
330		HCA Holdings, Inc. *		24,826
275		Laboratory Corp. of America Holdings *		34,675
489		MEDNAX, Inc. *		35,457
487		Quest Diagnostics, Inc. ^		37,426
291		UnitedHealth Group, Inc.		34,422
228		Universal Health Services, Inc.		26,838
				365,475
		HOME BUILDERS - 0.8 %
798		DR Horton, Inc.		22,727
501		Lennar Corp. - Cl. A ^		25,957
25		NVR, Inc. *		33,217
1,119		PulteGroup, Inc. ^		24,875
718		Toll Brothers, Inc. * ^		28,246
				135,022
		HOME FURNISHINGS - 0.2 %
125		Harman International Industries, Inc.		16,704
137		Whirlpool Corp.		27,682
				44,386
		HOUSEHOLD PRODUCTS/WARES - 0.5 %
605		Church & Dwight Co., Inc.		51,679
389		Clorox Co. ^		42,942
				94,621
COMPASS EMP LONG/SHORT STRATEGIES FUND
SCHEDULE OF INVESTMENTS (Continued) (Unaudited)
March 31, 2015
Shares				Value
		HOUSEWARES - 0.2 %
922		Newell Rubbermaid, Inc.		$                                    36,023
		INSURANCE - 5.3 %
750		Aflac, Inc.		48,008
90		Alleghany Corp. *		43,830
712		Allstate Corp.		50,673
813		American Financial Group, Inc.		52,154
721		American International Group, Inc.		39,504
1,097		Arthur J Gallagher & Co.		51,285
491		Chubb Corp.		49,640
962		Cincinnati Financial Corp.		51,255
1,011		CNA Financial Corp. ^		41,886
951		HCC Insurance Holdings, Inc.		53,893
490		Lincoln National Corp.		28,155
69		Markel Corp. *		53,058
877		Marsh & McLennan Cos., Inc.		49,191
606		MetLife, Inc.		30,633
639		Principal Financial Group, Inc.		32,825
1,789		Progressive Corp.		48,661
457		Reinsurance Group of America		42,588
829		Torchmark Corp. ^		45,529
472		Travelers Cos, Inc.		51,037
805		Unum Group		34,704
949		WR Berkley Corp.		47,934
				946,443
		INTERNET - 1.4 %
907		CDW Corp.		33,777
216		F5 Networks, Inc. * ^		24,827
328		Facebook, Inc. - Cl. A *		26,967
59		Google, Inc. - Cl. A *		32,727
35		Netflix, Inc. *		14,584
21		Priceline Group, Inc. *		24,447
1,326		Symantec Corp.		30,982
174		TripAdvisor, Inc. *		14,472
443		VeriSign, Inc. * ^		29,668
532		Yahoo!, Inc. *		23,639
				256,090
		INVESTMENT COMPANIES - 0.2 %
2,508		Ares Capital Corp. ^		43,062
		IRON/STEEL - 0.2 %
633		Nucor Corp.		30,086
		LEISURE TIME - 0.6 %
433		Harley-Davidson, Inc.		26,300
610		Jarden Corp. *		32,269
192		Polaris Industries, Inc. ^		27,091
279		Royal Caribbean Cruises Ltd.		22,836
				108,496
		LODGING - 1.1 %
1,096		Hilton Worldwide Holdings, Inc. *		32,464
589		Hyatt Hotels Corp. - Cl. A * ^		34,881
435		Las Vegas Sands Corp.		23,942
416		Marriott International, Inc. ^		33,413
316		Starwood Hotels & Resorts Worldwide, Inc.		26,386
350		Wyndham Worldwide Corp.		31,664
170		Wynn Resorts Ltd.		21,400
				204,150
		MACHINERY-CONSTRUCTION & MINING - 0.2 %
356		Caterpillar, Inc. ^		28,491
		MACHINERY-DIVERSIFIED - 1.6 %
208		Cummins, Inc.		28,837
444		Deere & Co. ^		38,934
396		Flowserve Corp.		22,370
COMPASS EMP LONG/SHORT STRATEGIES FUND
SCHEDULE OF INVESTMENTS (Continued) (Unaudited)
March 31, 2015
Shares				Value
		MACHINERY-DIVERSIFIED (Continued) - 1.6 %
527		IDEX Corp.		$                                    39,962
220		Middleby Corp. *		22,583
258		Rockwell Automation, Inc. ^		29,925
225		Roper Industries, Inc. ^		38,700
319		Wabtec Corp.		30,308
877		Xylem, Inc.		30,713
				282,332
		MEDIA - 3.1 %
395		AMC Networks, Inc. *		30,273
1,349		Cablevision Systems Corp.		24,687
470		CBS Corp.		28,496
607		Comcast Corp. ^		34,277
666		Discovery Communications, Inc. *		20,486
357		DISH Network Corp. *		25,011
277		FactSet Research Systems, Inc.		44,098
713		Gannett Co., Inc.		26,438
831		Liberty Media Corp. *		32,035
2,010		News Corp. *		32,180
772		Nielsen Holdings NV		34,408
439		Scripps Networks Interactive, Inc. ^		30,098
9,117		Sirius XM Holdings, Inc. *		34,827
192		Time Warner Cable, Inc.		28,777
244		Time Warner, Inc.		20,603
317		Tribune Media Co.		19,277
824		Twenty-First Century Fox, Inc.		27,884
424		Viacom, Inc.		28,959
365		Walt Disney Co. ^		38,285
				561,099
		METAL FABRICATE/HARDWARE - 0.2 %
141		Precision Castparts Corp.		29,610
		MINING - 0.1 %
777		Southern Copper Corp. ^		22,673
		MISCELLANEOUS MANUFACTURING - 2.8 %
268		3M Co.		44,207
505		AO Smith Corp.		33,158
332		Carlisle Cos, Inc.		30,753
472		Colfax Corp. * ^		22,529
482		Danaher Corp.		40,922
941		Donaldson Co., Inc.		35,485
425		Dover Corp.		29,376
387		Eaton Corp.		26,293
1,745		General Electric Co.		43,293
469		Illinois Tool Works, Inc.		45,559
515		Ingersoll-Rand PLC		35,061
384		Pall Corp.		38,550
243		Parker Hannifin Corp.		28,863
610		Textron, Inc.		27,041
450		Trinity Industries, Inc.		15,980
				497,070
		OFFICE/BUSINESS EQUIPMENT - 0.2 %
2,084		Xerox Corp.		26,779
		OIL & GAS - 1.7 %
284		Chevron Corp.		29,814
151		Cimarex Energy Co.		17,379
129		Concho Resources, Inc. *		14,954
256		Continental Resources, Inc. *		11,180
215		EOG Resources, Inc.		19,713
413		Exxon Mobil Corp.		35,105
231		Helmerich & Payne, Inc.		15,724
737		Marathon Oil Corp.		19,243
220		Marathon Petroleum Corp.		22,526
441		Murphy Oil Corp.		20,551
392		Noble Energy, Inc.		19,168
COMPASS EMP LONG/SHORT STRATEGIES FUND
SCHEDULE OF INVESTMENTS (Continued) (Unaudited)
March 31, 2015
Shares				Value
		OIL & GAS (Continued) - 1.7 %
282		Phillips 66		$                                    22,165
365		Range Resources Corp. ^		18,995
818		Southwestern Energy Co. * ^		18,969
378		Valero Energy Corp.		24,048
				309,534
		OIL & GAS SERVICES - 1.0 %
309		Baker Hughes, Inc.		19,646
455		Cameron International Corp. *		20,530
317		Dresser-Rand Group, Inc. * ^		25,471
520		FMC Technologies, Inc. *		19,245
425		Halliburton Co.		18,649
443		National Oilwell Varco, Inc. ^		22,145
425		Oceaneering International, Inc.		22,920
283		Schlumberger Ltd.		23,614
				172,220
		PACKAGING & CONTAINERS - 1.0 %
443		Ball Corp.		31,294
584		Crown Holdings, Inc. *		31,548
561		MeadWestvaco Corp.		27,977
351		Packaging Corp. of America		27,445
417		Rock-Tenn Co.		26,896
565		Sealed Air Corp.		25,741
				170,901
		PHARMACEUTICALS - 2.6 %
852		Abbott Laboratories		39,473
514		Bristol-Myers Squibb Co.		33,153
458		Cardinal Health, Inc.		41,344
577		Eli Lilly & Co.		41,919
420		Express Scripts Holding Co. *		36,443
421		Johnson & Johnson		42,353
162		McKesson Corp.		36,644
294		Mead Johnson Nutrition Co. - Cl. A		29,556
641		Merck & Co., Inc.		36,845
420		Mylan, Inc. *		24,927
1,312		Pfizer, Inc.		45,645
489		Quintiles Transnational Holdings, Inc. *		32,748
639		Zoetis Inc.		29,579
				470,629
		PIPELINES - 0.5 %
660		Kinder Morgan, Inc.		27,760
420		ONEOK, Inc. ^		20,261
897		Spectra Energy Corp. ^		32,444
				80,465
		REAL ESTATE - 0.4 %
1,002		CBRE Group, Inc. - Cl. A *		38,787
197		Jones Lang LaSalle, Inc.		33,569
				72,356
		RETAIL - 6.2 %
197		Advance Auto Parts, Inc.		29,489
405		AutoNation, Inc. *		26,054
68		AutoZone, Inc. *		46,387
398		Bed Bath & Beyond, Inc. *		30,556
450		Best Buy Co., Inc. ^		17,006
310		CarMax, Inc. *		21,393
40		Chipotle Mexican Grill, Inc. - Cl. A * ^		26,022
567		Coach, Inc.		23,491
305		Costco Wholesale Corp. ^		46,206
452		CVS Caremark Corp.		46,651
431		Dick's Sporting Goods, Inc.		24,562
178		Dillards, Inc. - Cl. A		24,299
369		Dollar General Corp.		27,815
462		Dollar Tree, Inc. *		37,489
333		Domino's Pizza, Inc.		33,483
436		Foot Locker, Inc.		27,468
609		Gap, Inc.		26,388
296		Home Depot, Inc.		33,629
COMPASS EMP LONG/SHORT STRATEGIES FUND
SCHEDULE OF INVESTMENTS (Continued) (Unaudited)
March 31, 2015
Shares				Value
		RETAIL (Continued) - 6.2 %
385		Kohl's Corp.^		$                                    30,126
368		L Brands, Inc.		34,699
494		Lowe's Cos, Inc.		36,749
464		Macy's, Inc.		30,118
449		McDonald's Corp.		43,751
425		Nordstrom, Inc.		34,136
158		O'Reilly Automotive, Inc. * ^		34,166
2,029		Rite Aid Corp. *		17,632
281		Ross Stores, Inc.		29,606
1,060		Sally Beauty Holdings, Inc. *		36,432
1,208		Staples, Inc. ^		19,672
406		Starbucks Corp.		38,448
472		TJX Cos, Inc.		33,064
272		Tractor Supply Co. ^		23,136
167		Ulta Salon Cosmetics & Fragrance, Inc. *		25,192
454		Urban Outfitters, Inc. *		20,725
512		Wal-Mart Stores, Inc.		42,112
32		Williams-Sonoma, Inc.		25,746
				1,103,898
		SAVINGS & LOANS - 0.4 %
3,285		Hudson City Bancorp, Inc.		34,427
2,751		New York Community Bancorp, Inc. ^		46,024
				80,451
		SEMICONDUCTORS - 2.3 %
919		Altera Corp. ^		39,434
521		Analog Devices, Inc.		32,823
1,084		Applied Materials, Inc. ^		24,455
815		Intel Corp.		25,485
237		IPG Photonics Corp. * ^		21,970
425		KLA-Tencor Corp.		24,773
346		Lam Research Corp. ^		24,301
684		Linear Technology Corp. ^		32,011
489		Microchip Technology, Inc. ^		23,912
627		Micron Technology, Inc. *		17,009
1,056		NVIDIA Corp.		22,097
1,489		ON Semincoductor Corp. *		18,034
358		QUALCOMM, Inc.		24,824
189		Skyworks Solutions, Inc.		18,577
577		Texas Instruments, Inc.		32,996
553		Xilinx, Inc. ^		23,392
				406,093
		SHIPBUILDING - 0.2 %
210		Huntington Ingalls Industries, Inc.		29,432
		SOFTWARE - 3.5 %
347		Adobe Systems, Inc. *		25,657
374		Akamai Technologies, Inc. *		26,571
481		ANSYS, Inc. *		42,419
438		Autodesk, Inc. *		25,684
839		Broadridge Financial Solutions, Inc.		46,153
1,105		CA, Inc. ^		36,034
519		Cerner Corp. *		38,022
533		Citrix Systems, Inc. *		34,043
698		Fidelity National Information Services, Inc.		47,506
609		Fiserv, Inc. *		48,355
708		Microsoft Corp. ^		28,784
637		MSCI, Inc. - Cl. A		39,054
782		Oracle Corp.		33,743
974		Paychex, Inc.		48,325
330		Rackspace Hosting, Inc. *		17,025
412		Red Hat, Inc. *		31,209
405		SS&C Technologies Holdings, Inc.		25,232
303		Vmware, Inc. - Cl. A *		24,849
				618,665
COMPASS EMP LONG/SHORT STRATEGIES FUND
SCHEDULE OF INVESTMENTS (Continued) (Unaudited)
March 31, 2015
Shares				Value
		TELECOMMUNICATIONS - 1.3 %
889		CenturyLink, Inc. ^		$                                    30,715
1,154		Cisco Systems, Inc.		31,764
579		EchoStar Holding Corp. *		29,946
772		Fortinet, Inc. *		26,981
2,861		Frontier Comminications Corp.		20,170
445		Harris Corp.		35,048
485		Level 3 Communications, Inc. *		26,112
559		Motorola Solutions, Inc.		37,268
				238,004
		TEXTILES - 0.2 %
160		Mohawk Industries, Inc. * ^		29,720
		TOYS/GAMES/HOBBIES - 0.2 %
506		Hasbro, Inc. ^		31,999
		TRANSPORTATION - 1.9 %
412		CH Robinson Worldwide, Inc. ^		30,167
874		CSX Corp.		28,947
676		Expeditors International of Washington, Inc.		32,570
202		FedEx Corp.		33,421
254		Genesee & Wyoming, Inc. *		24,496
442		JB Hunt Transport Services, Inc. ^		37,744
242		Kansas City Southern		24,703
279		Norfolk Southern Corp.		28,715
433		Old Dominion Freight Line, Inc. * ^		33,471
256		Union Pacific Corp.		27,727
354		United Parcel Service, Inc.		34,317
				336,278
		TRUCKING & LEASING - 0.2 %
88		AMERCO		29,075
		WATER - 0.3 %
767		American Water Works Co., Inc.		41,579
		TOTAL COMMON STOCK (Cost - $14,824,725)		16,094,038
		SHORT-TERM INVESTMENTS - 6.2 %
		MONEY MARKET FUND - 6.2 %
1,109,636		Invesco STIT - Liquid Assets Portfolio, Institutional Class, 0.08% **		1,109,636
		TOTAL SHORT TERM INVESTMENTS (Cost - $1,109,636)
		COLLATERAL FOR SECURITIES LOANED - 13.9 %
2,473,515		Mount Vernon Securities Lending Prime Portfolio, 0.22%		2,473,515
		TOTAL COLLATERAL FOR SECURITIES LOANED (Cost - $2,473,515)
		TOTAL INVESTMENTS - 110.3 % (Cost - $18,407,876) (a)		$                             19,677,189
		LIABILITIES IN EXCESS OF OTHER ASSETS - (10.3) %		(1,827,088)
		NET ASSETS - 100.0 %		$                             17,850,101
* Non-income producing security.
** Money market fund; interest rate reflects seven day effective yield on March 31, 2015.
^ All or a portion of this security is on loan. The market value of the loaned security is $2,390,264.
(a) Represents cost for financial reporting purposes. Aggregate cost for federal tax purposes is $18,406,174
and differs from value by net unrealized appreciation/(depreciation) on securities as follows:
	Unrealized appreciation			$                               1,712,377
	Unrealized depreciation			(441,362)
	Net unrealized appreciation			$                               1,271,015
COMPASS EMP LONG/SHORT STRATEGIES FUND
SCHEDULE OF INVESTMENTS (Continued) (Unaudited)
March 31, 2015
Number of			Underlying Face Amount	Unrealized
Contracts			at Value	Depreciation
		SHORT FUTURES CONTRACTS - (0.4) %
		Equity Futures - (0.4) %
62		S&P E-Mini Future,  June 2015	6,388,325	(78,445)
		TOTAL SHORT FUTURES CONTRACTS	$                                               6,388,325	$                                (78,445)

COMPASS EMP INTERNATIONAL 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2015
Shares			Value
	COMMON STOCK - 93.3 %
	ADVERTISING - 0.6 %
4,049	JCDecaux SA		$                                                   136,500
1,835	Publicis Groupe SA		141,535
7,493	WPP PLC		170,195
			448,230
	AEROSPACE/DEFENSE - 1.0 %
1,603	Airbus Group NV		104,035
22,704	BAE Systems PLC		176,334
25,000	Kawasaki Heavy Industries Ltd		126,469
15,226	Meggitt PLC		123,902
2,470	Thales SA		137,123
3,570	Zodiac Aerospace		118,186
			786,049
	AGRICULTURE - 0.6 %
3,509	British American Tobacco PLC		181,610
3,334	Imperial Tobacco Group PLC		146,560
3,787	Japan Tobacco, Inc.		119,947
			448,117
	AIRLINES - 0.6 %
72,000	Cathay Pacific Airways Ltd.		166,606
3,500	Japan Airlines Co., Ltd.		109,092
23,100	Singapore Airlines Ltd.		201,199
			476,897
	APPAREL - 1.1 %
6,050	Burberry Group PLC		155,550
802	Christian Dior SA		151,354
395	Hermes International		139,291
774	LVMH Moet Hennessy Louis Vuitton SA		136,429
1,507	Michael Kors Holdings Ltd. *		99,085
21,490	Prada SPA		130,278
			811,987
	AUTO MANUFACTURERS - 2.2 %
1,001	Bayerische Motoren Werke AG		125,169
48,000	Brilliance China Automotive Holdings Ltd.		92,497
1,389	Daimler AG		133,833
2,965	Fuji Heavy Industries Ltd.		98,619
7,105	Hino Motors Ltd.		101,551
4,243	Honda Motor Co., Ltd.		138,015
8,065	Isuzu Motors Ltd.		107,374
5,100	Mazda Motor Corp.		103,666
13,000	Mitsubishi Motors Corp.		117,551
14,549	Nissan Motor Co., Ltd.		148,412
1,019	Renault SA		92,756
3,405	Suzuki Motor Corp.		102,513
2,187	Toyota Motor Corp.		152,793
547	Volkswagen AG		140,998
			1,655,747
	AUTO PARTS & EQUIPMENT - 2.1 %
3,626	Aisin Seiki Co., Ltd.		131,756
1,401	Autoliv, Inc. ^		164,996
3,258	Bridgestone Corp.		130,765
1,466	Cie Generale des Etablissements Michelin		145,786
487	Continental AG		115,204
1,979	Delphi Automotive PLC		157,805
3,086	Denso Corp.		141,016
2,200	Magna International, Inc.		117,707
7,996	Pirelli & C. SPA		132,741
10,392	Sumitomo Electric Industries Ltd.		136,406
2,381	Toyota Industries Corp.		136,522
732	Valeo SA		109,296
			1,620,000
	BANKS - 8.9 %
7,718	Australia & New Zealand Banking Group Ltd.		215,908
12,261	Banco Bilbao Vizcaya Argentaria SA		123,864
32,803	Banco de Sabadell SA		80,275
19,485	Banco Popular Espanol SA		95,367
COMPASS EMP INTERNATIONAL 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares			Value
	BANKS (Continued) - 8.9 %
14,616	Banco Santander SA		$                                                   110,130
60,400	Bank of East Asia Ltd.		240,341
218,657	Bank of Ireland *		82,765
3,800	Bank of Montreal		227,628
4,400	Bank of Nova Scotia		220,590
65,515	Bankia SA *		91,314
53,500	BOC Hong Kong Holdings Ltd.		190,803
22,457	CaixaBank SA		106,465
2,900	Canadian Imperial Bank of Commerce		210,144
8,171	Commerzbank AG *		112,746
3,217	Commonwealth Bank of Australia		229,407
6,887	Credit Agricole SA		101,130
16,233	DBS Group Holdings Ltd.		240,892
7,795	DNB ASA		125,412
14,000	Hang Seng Bank Ltd.		253,712
20,919	HSBC Holdings PLC		178,143
26,530	Intesa Sanpaolo SpA		90,193
1,865	KBC Groep NV *		115,272
22,384	Mitsubishi UFJ Financial Group, Inc.		138,736
113,452	Mizuho Financial Group, Inc.		199,598
7,311	National Australia Bank Ltd.		215,184
4,600	National Bank of Canada		167,827
14,909	Natixis		111,441
9,414	Nordea Bank AB		114,889
29,889	Oversea-Chinese Banking Corp. Ltd.		230,267
22,931	Resona Holdings, Inc.		114,015
3,800	Royal Bank of Canada		229,007
12,254	Skandinaviska Enskilda Banken AB		143,299
2,245	Societe Generale SA		108,408
7,666	Standard Chartered PLC		124,367
3,594	Sumitomo Mitsui Financial Group, Inc.		137,826
32,084	Sumitomo Mitsui Trust Holdings, Inc.		132,491
3,433	Svenska Handelsbanken AB		154,893
6,998	Swedbank AB		167,158
4,700	Toronto-Dominion Bank		201,217
6,548	UBS AG		123,440
12,364	UniCredit SpA		84,040
11,867	United Overseas Bank Ltd.		198,937
6,960	Westpac Banking Corp.		209,264
			6,748,805
	BEVERAGES - 1.8 %
1,232	Anheuser-Busch InBev NV		150,548
4,500	Asahi Group Holdings Ltd.		143,018
6,526	Diageo PLC		180,036
2,423	Heineken Holding NV		166,777
1,836	Heineken NV		140,035
11,400	Kirin Holdings Co. Ltd.		149,827
1,418	Pernod Ricard SA		167,720
2,325	SABMiller PLC		122,108
3,300	Suntory Beverage & Food Ltd.		141,637
			1,361,706
	BIOTECHNOLOGY - 0.2 %
2,140	CSL Ltd.		150,514
	BUILDING MATERIALS - 1.0 %
2,430	Cie de St-Gobain		106,709
4,173	CRH PLC		108,344
1,700	Daikin Industries Ltd.		113,995
365	Geberit AG		137,091
1,520	Holcim Ltd.		113,632
5,000	LIXIL Group Corp.		118,635
22	Sika AG		78,759
			777,165
	CHEMICALS - 4.0 %
1,300	Agrium, Inc.		135,436
1,216	Air Liquide SA		156,428
COMPASS EMP INTERNATIONAL 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares			Value
	CHEMICALS (Continued) - 4.0 %
1,957	Akzo Nobel NV		$                                                   147,982
14,578	Asahi Kasei Corp.		139,596
1,450	BASF SE		144,101
2,544	Brenntag AG		152,322
245	EMS-Chemie Holding AG		99,898
4,636	Evonik Industries AG		165,274
74	Givaudan SA		134,172
21,269	Israel Chemicals Ltd.		151,318
2,885	Johnson Matthey PLC		144,927
857	Linde AG		174,525
2,500	Nippon Paint Holdings Co. Ltd.		91,674
1,965	Nitto Denko Corp.		131,502
2,654	Novozymes A/S		121,306
3,031	OCI NV *		93,865
4,800	Potash Corp. of Saskatchewan, Inc.		154,673
1,998	Shin-Etsu Chemical Co. Ltd.		130,713
25,000	Sumitomo Chemical Co. Ltd.		128,761
2,476	Symrise AG		156,440
407	Syngenta AG		138,501
2,390	Yara International ASA		121,553
			3,014,967
	COMMERCIAL SERVICES - 2.6 %
1,640	Adecco SA		136,695
5,721	Aggreko PLC		129,607
6,061	Ashtead Group PLC		97,474
4,399	Atlantia SPA		115,493
10,096	Babcock International Group PLC		147,463
20,914	Brambles Ltd.		183,950
6,756	Bunzl PLC		183,525
5,848	Bureau Veritas SA		125,529
7,772	Capita PLC		128,681
9,146	Experian PLC		151,566
1,854	Randstad Holding NV		112,442
11,054	Reed Elsevier PLC		190,073
2,300	Secom Co., Ltd.		153,825
67	SGS SA		128,236
			1,984,559
	COMPUTERS - 1.7 %
2,220	Accenture PLC		207,992
1,694	AtoS		116,908
1,456	Cap Gemini SA		119,401
3,300	CGI Group, Inc. *		139,848
17,000	Fujitsu Ltd.		116,049
1,369	Gemalto NV		109,032
1,062	Ingenico S. A.		116,660
4,000	Nomura Research Institute Ltd.		150,679
3,300	NTT Data Corp.		143,837
1,400	TDK Corp.		99,642
			1,320,048
	COSMETICS/PERSONAL CARE - 1.0 %
1,881	Beiersdorf AG		163,403
2,893	Kao Corp.		144,662
952	L'Oreal SA		175,164
5,884	Svenska Cellulosa AB SCA		135,502
4,600	Unicharm Corp.		120,837
			739,568
	DISTRIBUTION/WHOLESALE - 1.4 %
20,000	Goldin Financial Holdings Ltd. *		63,202
13,312	ITOCHU Corp.		144,392
5,471	Jardine Cycle & Carriage Ltd.		163,731
126,000	Li & Fung Ltd.		123,028
7,268	Mitsubishi Corp.		146,614
11,154	Mitsui & Co., Ltd.		149,848
4,958	Toyota Tsusho Corp.		131,605
2,736	Wolseley PLC		162,081
			1,084,501
COMPASS EMP INTERNATIONAL 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares			Value
	DIVERSIFIED FINANCIAL SERVICES - 2.2 %
19,376	Aberdeen Asset Management PLC		$                                                   132,118
2,721	AerCap Holdings NV *		118,772
15,000	Daiwa Securities Group, Inc.		118,260
2,142	Deutsche Boerse AG		174,944
6,210	Hong Kong Exchanges and Clearing Ltd.		152,188
4,800	IGM Financial, Inc.		170,466
1,899	Julius Baer Group Ltd. *		95,282
3,776	London Stock Exchange Group PLC		137,755
2,919	Macquarie Group Ltd.		170,871
22,169	Nomura Holdings, Inc.		130,475
6,740	ORIX Corp.		94,845
2,922	Schroders PLC		138,723
			1,634,699
	ELECTRIC - 2.9 %
16,118	AGL Energy Ltd.		187,053
40,000	China Resources Power Holdings Co. Ltd.		100,401
31,000	CLP Holdings Ltd.		270,899
31,331	EDP - Energias de Portugal SA		117,247
5,274	Electricite de France		126,516
7,011	Endesa SA		135,511
61,341	Enel Green Power SpA		114,544
20,965	Enel SPA		94,821
7,600	Fortis, Inc.		231,346
6,461	Fortum OYJ		135,704
29,534	Iberdrola SA		190,345
18,000	Power Assets Holdings Ltd.		184,112
1,746	Red Electrica Corp. SA		142,002
34,898	Terna Rete Elettrica Nazionale SPA		153,641
			2,184,142
	ELECTRICAL COMPONENTS & EQUIPMENT - 0.5 %
2,402	Legrand SA		129,840
2,000	Nidec Corp.		133,128
1,548	Schneider Electric SA		120,263
			383,231
	ELECTRONICS - 1.2 %
2,802	Hoya Corp.		112,498
197	Keyence Corp.		107,702
2,580	Kyocera Corp.		141,740
900	Murata Manufacturing Co., Ltd.		124,023
2,400	Omron Corp.		108,409
2,646	Sensata Technologies Holding NV * ^		152,013
2,098	TE Connectivity Ltd.		150,259
			896,644
	ENERGY-ALTERNATE SOURCES - 0.1 %
1,656	Vestas Wind Systems A/S		68,526
	ENGINEERING & CONSTRUCTION - 1.7 %
3,120	ACS Actividades de Construccion y Servicios SA		110,558
1,457	Aeroports de Paris		174,132
3,307	Bouygues SA		129,756
24,000	Cheung Kong Infrastructure Holdings Ltd.		206,323
7,475	Ferrovial SA		158,928
6,544	Skanska AB		146,681
90,885	Singapore Technologies Engineering Ltd.		230,525
2,003	Vinci SA		114,488
			1,271,391
	ENTERTAINMENT - 0.3 %
202,442	Genting Singapore PLC		135,748
1,552	Oriental Land Co., Ltd		117,638
			253,386
	FOOD - 4.3 %
6,000	Ajinomoto Co., Inc.		131,736
1,571	Aryzta AG		96,591
2,760	Associated British Foods PLC		115,390
1,522	Casino Guichard Perrachon SA		134,881
3	Chocoladefabriken Lindt & Sprungli AG		189,854
COMPASS EMP INTERNATIONAL 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares			Value
	FOOD (Continued)  - 4.3 %
3,724	Colruyt SA		$                                                   162,113
2,563	Danone SA		172,340
2,500	Empire Co. Ltd.		174,432
4,085	ICA Gruppen AB		136,872
6,638	Jeronimo Martins SGPS SA		83,396
9,583	Koninklijke Ahold NV		188,826
900	MEIJI Holdings Co. Ltd.		109,884
5,700	Metro, Inc.		154,351
2,273	Nestle SA		171,680
5,500	Saputo, Inc.		151,061
3,944	Seven & I Holdings Co., Ltd.		166,089
23,400	Tesco PLC		83,961
4,441	Unilever PLC		185,471
5,740	Wesfarmers Ltd.		192,654
95,533	Wilmar International Ltd.		226,995
6,164	Woolworths Ltd.		138,786
1,863	Yakult Honsha Co., Ltd.		129,955
			3,297,318
	FOOD SERVICE - 0.5 %
11,605	Compass Group PLC		201,785
2,137	Sodexo SA		208,337
			410,122
	FOREST PRODUCTS & PAPER - 0.1 %
5,489	UPM-Kymmene OYJ		106,801
	GAS - 1.9 %
17,000	Beijing Enterprises Holdings Ltd.		133,756
6,500	Canadian Utilities Ltd.		203,965
54,000	China Gas Holdings Ltd.		88,457
5,440	Enagas SA		155,558
6,521	Gas Natural SDG SA		146,452
93,400	Hong Kong & China Gas Co. Ltd.		216,125
17,211	National Grid PLC		220,795
40,000	Osaka Gas Co. Ltd.		167,581
23,507	Snam SPA		114,093
			1,446,782
	HAND/MACHINE TOOLS - 0.6 %
12,267	Sandvik AB		137,125
909	Schindler Holding AG		151,344
433	SMC Corp.		129,351
			417,820
	HEALTHCARE-PRODUCTS - 1.0 %
1,196	Essilor International SA		137,159
1,970	Medtronic PLC		153,640
2,800	Olympus Corp. *		104,192
7,588	Smith & Nephew PLC		128,786
850	Sonova Holding AG		118,342
1,900	Sysmex Corp.		105,617
			747,736
	HEALTHCARE-SERVICES - 0.6 %
2,001	Fresenius Medical Care AG & Co.		166,436
2,692	Fresenius SE & Co.		160,692
3,136	Ramsay Health Care Ltd.		160,995
			488,123
	HOLDING COMPANIES-DIVERSIFIED - 2.1 %
17,906	Bollore SA		95,311
37,342	China Merchants Holdings International Co., Ltd.		146,181
2,987	GEA Group AG		144,463
10,000	Hutchison Whampoa Ltd.		138,787
2,800	Jardine Matheson Holdings Ltd.		176,960
5,000	Jardine Strategic Holdings Ltd.		175,000
27,833	Keppel Corp., Ltd.		182,578
69,000	NWS Holdings Ltd.		114,987
18,000	Swire Pacific Ltd.		245,405
22,000	Wharf Holdings Ltd.		153,659
			1,573,331
COMPASS EMP INTERNATIONAL 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares			Value
	HOME BUILDERS - 0.8 %
14,898	Barratt Developments PLC		$                                                   116,813
6,000	Daiwa House Industry Co. Ltd.		118,560
4,654	Persimmon PLC		114,825
10,397	Sekisui House Ltd.		151,246
51,651	Taylor Wimpey PLC		118,699
			620,143
	HOME FURNISHINGS - 0.1 %
43,000	Haier Electronics Group Co. Ltd.		112,590
	HOUSEHOLD PRODUCTS/WARES - 0.4 %
2,027	Reckitt Benckiser Group PLC		174,421
1,113	Societe BIC SA		158,356
			332,777
	INSURANCE - 7.4 %
2,104	ACE Ltd. ^		234,575
17,294	Aegon NV		136,473
24,400	AIA Group Ltd.		153,584
1,126	Allianz SE		195,693
28,796	AMP Ltd.		141,588
2,016	Aon PLC		193,778
7,046	Assicurazioni Generali SPA		138,533
17,480	Aviva PLC		140,040
5,535	AXA SA		139,404
21,400	China Taiping Insurance Holdings Co. Ltd. *		73,009
8,962	CNP Assurances		156,958
7,300	Dai-ichi Life Insurance Co. Ltd.		106,193
300	Fairfax Financial Holdings Ltd.		168,061
8,500	Great-West Lifeco, Inc.		245,597
1,994	Hannover Rueck SE		205,979
33,984	Insurance Australia Group Ltd.		158,275
2,900	Intact Financial Corp.		218,335
47,988	Legal & General Group PLC		198,349
9,300	Manulife Financial Corp.		157,764
41,592	Mapfre SA		151,804
907	Muenchener Rueckversicherungs		195,518
45,662	Old Mutual PLC		150,460
7,700	Power Corp of Canada		203,648
6,900	Power Financial Corp.		204,104
6,802	Prudential PLC		168,729
10,517	QBE Insurance Group Ltd.		104,708
3,947	Sampo Oyj		199,284
12,733	Standard Life PLC		89,842
4,900	Sun Life Financial, Inc.		150,897
19,367	Suncorp Group Ltd.		199,621
2,163	Swiss Re AG		209,445
8,400	T&D Holdings, Inc.		115,825
3,500	Tokio Marine Holdings, Inc.		132,384
543	Zurich Insurance Group AG		183,999
			5,622,456
	INTERNET - 0.6 %
399	Iliad SA		93,101
5,600	Rakuten, Inc.		98,872
2,618	United Internet AG		119,209
29,400	Yahoo Japan Corp.		121,530
			432,712
	INVESTMENT COMPANIES - 0.6 %
6,000	CK Hutchison Holdings Ltd		122,896
2,191	Groupe Bruxelles Lambert SA		181,510
4,053	Investor AB		161,447
2,694	Investment AB Kinnevik		89,953
			555,806
	IRON/STEEL - 0.7 %
83,000	CITIC Ltd.		142,171
5,000	JFE Holdings, Inc.		110,593
COMPASS EMP INTERNATIONAL 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares			Value
	IRON/STEEL (Continued) - 0.7 %
50,000	Nippon Steel & Sumitomo Metal Corp.		$                                                   126,052
3,592	Voestalpine AG		131,508
			510,324
	LEISURE TIME - 0.3 %
740	Shimano, Inc.		110,269
3,800	Yamaha Motor Co. Ltd.		91,904
			202,173
	LODGING - 1.0 %
2,604	Accor SA		135,838
11,134	Crown Resorts Ltd.		113,656
17,000	Galaxy Entertainment Group Ltd.		77,403
3,768	InterContinental Hotels Group PLC		147,246
72,000	SJM Holdings Ltd.		94,169
2,240	Whitbread PLC		174,305
			742,617
	MACHINERY-CONSTRUCTION & MINING - 0.9 %
6,951	ABB Ltd.		147,560
4,545	Atlas Copco AB		147,123
17,699	Hitachi Ltd.		121,425
6,368	Komatsu Ltd.		125,380
10,266	Mitsubishi Electric Corp.		122,218
			663,706
	MACHINERY-DIVERSIFIED - 1.8 %
5,076	Alstom SA *		156,596
13,620	CNH Industrial NV		111,139
530	FANUC Corp		115,947
3,515	Hexagon AB		124,903
3,404	Kone OYJ		150,887
6,105	Kubota Corp		96,823
4,314	MAN SE		453,973
23,000	Mitsubishi Heavy Industries Ltd.		126,951
			1,337,219
	MEDIA - 1.5 %
35,442	ITV PLC		132,979
7,312	Pearson PLC		157,406
2,640	ProSiebenSat.1 Media AG		129,566
9,000	Shaw Communications, Inc.		201,815
11,068	Sky PLC		163,055
7,635	Vivendi SA		189,589
5,518	Wolters Kluwer NV		180,127
			1,154,537
	METAL FABRICATE/HARDWARE - 0.5 %
2,634	Assa Abloy AB		156,911
7,000	NSK Ltd.		102,559
5,878	SKF AB		151,782
			411,252
	MINING - 1.2 %
10,408	Antofagasta PLC		113,108
5,098	BHP Billiton Ltd.		120,779
5,000	First Quantum Minerals Ltd.		60,557
23,077	Glencore PLC		97,884
46,218	Polyus Gold International Ltd		128,224
2,805	Rio Tinto PLC		115,357
4,000	Silver Wheaton Corp.		75,935
7,225	Sumitomo Metal Mining Co., Ltd.		105,885
5,000	Teck Resources Ltd.		68,566
			886,295
	MISCELLANEOUS MANUFACTURING - 1.1 %
7,258	Alfa Laval AB		142,581
3,547	Fujifilm Holdings Corp.		126,417
1,462	Siemens AG		158,088
7,685	Smiths Group PLC		127,468
36,000	Toshiba Corp.		151,273
2,789	Wartsila OYJ Abp		123,447
			829,274
COMPASS EMP INTERNATIONAL 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares			Value
	OFFICE/BUSINESS EQUIPMENT - 0.5 %
5,216	Canon, Inc.		$                                                   184,662
13,500	Ricoh Co., Ltd.		147,162
4,400	Seiko Epson Corp.		78,143
			409,967
	OIL & GAS - 1.1 %
3,000	Canadian Natural Resources Ltd.		91,913
7,600	Encana Corp.		84,791
3,100	Imperial Oil Ltd.		123,643
8,500	Inpex Corp.		93,897
124,000	Kunlun Energy Co., Ltd.		120,435
16,715	Oil Search Ltd.		91,886
3,600	Suncor Energy, Inc.		105,125
4,823	Woodside Petroleum Ltd.		127,115
			838,805
	OIL & GAS SERVICES - 0.1 %
1,524	Technip SA		92,248
	PACKAGING & CONTAINERS - 0.2 %
13,368	Amcor Ltd.		143,299
	PHARMACEUTICALS - 3.4 %
751	Actelion Ltd.		87,016
8,600	Astellas Pharma, Inc.		141,016
857	Bayer AG		128,789
2,675	Chugai Pharmaceutical Co., Ltd.		84,381
9,300	Daiichi Sankyo Co., Ltd.		147,805
2,169	Eisai Co., Ltd.		154,283
7,192	GlaxoSmithKline PLC		164,959
2,969	Hikma Pharmaceuticals PLC		93,822
1,397	Merck KGaA		156,835
8,554	Mitsubishi Tanabe Pharma Corp.		146,998
1,382	Novartis AG		136,735
3,005	Novo Nordisk A/S		160,672
806	Ono Pharmaceutical Co., Ltd.		91,220
4,224	Otsuka Holdings Co., Ltd.		132,345
729	Perrigo Co. PLC		120,686
520	Roche Holding AG		143,458
1,232	Sanofi		121,616
874	Shire PLC		69,566
2,463	Teva Pharmaceutical Industries Ltd.		154,549
1,816	UCB SA		131,334
			2,568,085
	PIPELINES - 0.6 %
4,300	Inter Pipeline Ltd.		110,876
1,952	Koninklijke Vopak NV		107,737
3,100	Pembina Pipeline Corp.		97,985
3,300	TransCanada Corp.		140,941
			457,539
	REAL ESTATE - 3.7 %
3,400	Brookfield Asset Management, Inc.		182,072
68,051	CapitaLand Ltd.		177,567
34,000	China Overseas Land & Investment Ltd.		109,856
36,000	China Resources Land Ltd.		101,691
1,274	Daito Trust Construction Co., Ltd.		142,541
4,429	Deutsche Annington Immobilien SE		149,334
97,574	Global Logistic Properties Ltd.		188,463
55,000	Hang Lung Properties Ltd.		154,652
21,500	Henderson Land Development Co., Ltd.		150,998
21,500	Hongkong Land Holdings Ltd.		162,325
4,773	Mitsubishi Estate Co., Ltd.		110,862
4,772	Mitsui Fudosan Co., Ltd.		140,368
168,000	New World Development Co., Ltd.		194,807
92,000	Sino Land Co., Ltd.		149,993
3,564	Sumitomo Realty & Development Co., Ltd.		128,448
12,000	Sun Hung Kai Properties Ltd.		185,118
COMPASS EMP INTERNATIONAL 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares			Value
	REAL ESTATE (Continued) - 3.7 %
49,200	Swire Properties Ltd.		$                                                   160,237
24,000	Wheelock & Co., Ltd.		122,741
			2,712,073
	RETAIL - 3.3 %
12,300	Aeon Co. Ltd.		135,209
3,000	Alimentation Couche Tard, Inc.		119,465
115,000	Belle International Holdings Ltd.		133,944
1,500	Canadian Tire Corp., Ltd.		152,710
115,800	Chow Tai Fook Jewellery Group Ltd.		124,569
1,227	Cie Financiere Richemont SA		98,862
4,384	Hennes & Mauritz AB		177,579
1,114	Hugo Boss AG		135,471
4,362	Inditex SA		139,955
22,740	Kingfisher PLC		128,403
1,445	Lululemon Athletica, Inc. * ^		92,509
1,977	Luxottica Group SpA		125,464
16,189	Marks & Spencer Group PLC		128,496
1,677	Next PLC		174,782
1,800	Nitori Co. Ltd.		122,110
944	Pandora A/S		85,955
712	Kering		138,994
253	Swatch Group AG		107,287
5,131	Travis Perkins PLC		148,441
			2,470,205
	SEMICONDUCTORS - 0.8 %
6,325	ARM Holdings PLC		103,691
976	ASML Holding NV		99,343
82,000	Hanergy Thin Film Power Group Ltd.		73,825
9,405	Infineon Technologies AG		112,403
797	NXP Semiconductors NV *		79,987
1,400	Tokyo Electron Ltd.		97,798
			567,047
	SOFTWARE - 1.4 %
3,958	Amadeus IT Holding SA		169,834
2,204	Check Point Software Technologies Ltd. * ^		180,662
300	Constellation Software, Inc.		103,620
2,288	Dassault Systemes		155,126
2,000	Open Text Corp.		105,760
25,038	Sage Group PLC		173,362
2,066	SAP AG		149,813
			1,038,177
	TELECOMMUNICATIONS - 4.8 %
5,300	BCE, Inc.		224,228
4,278	Belgacom SA		149,640
23,420	BT Group PLC		152,187
10,000	China Mobile Ltd.		130,532
72,000	China Unicom Hong Kong Ltd.		109,585
5,899	Eutelsat Communications SA		195,320
5,601	KDDI Corp.		126,990
2,006	Nippon Telegraph & Telephone Corp.		123,664
8,300	NTT DOCOMO, Inc.		144,259
6,401	Orange SA		102,860
6,100	Rogers Communications, Inc.		204,071
71,969	Singapore Telecommunications Ltd.		229,755
1,975	SoftBank Corp.		114,889
297	Swisscom AG		172,522
81,690	Telecom Italia SpA *		95,789
11,097	Telefonaktiebolaget LM Ericsson		139,415
10,906	Telefonica SA		155,286
2,714	Telenet Group Holding NV *		149,124
7,301	Telenor ASA		147,533
28,505	TeliaSonera AB		181,041
48,934	Telstra Corp. Ltd.		235,749
5,600	Telus Corp.		185,886
42,389	Vodafone Group PLC		138,637
			3,608,962
COMPASS EMP INTERNATIONAL 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares			Value
	TEXTILES - 0.2 %
16,838	Toray Industries, Inc.		$                                                   141,311
	TRANSPORTATION - 2.6 %
50	AP Moeller - Maersk A/S		104,493
43,172	Aurizon Holdings Ltd.		159,865
2,200	Canadian National Railway Co.		147,234
600	Canadian Pacific Railway Ltd.		109,784
588	Central Japan Railway Co.		106,559
4,805	Deutsche Post AG		150,119
1,800	East Japan Railway Co.		144,612
43,000	Kintetsu Group Holdings Co. Ltd.		158,038
1,108	Kuehne + Nagel International AG		164,752
42,500	MTR Corp., Ltd.		202,279
14,000	Odakyu Electric Railway Co., Ltd.		142,929
22,949	Tokyu Corp.		142,296
2,800	West Japan Railway Co.		147,082
5,100	Yamato Holdings Co., Ltd.		117,820
			1,997,862
	WATER - 0.9 %
82,000	Guangdong Investment Ltd.		107,459
5,918	Severn Trent PLC		180,779
6,056	Suez Environment Co.		104,210
11,577	United Utilities Group PLC		160,249
7,354	Veolia Environnement SA		139,101
			691,798
	TOTAL COMMON STOCK (Cost - $70,518,014)		70,760,171
	RIGHTS - 0.0 %
32,803	Banco de Sabadell SA, Expiration Date March 27, 2015, Exercise Price $1.48 *		8,313
10,906	Telefonica SA, Expiration Date March 30, 2015 , Exercise Price $10.84 *		1,757
	TOTAL RIGHTS (Cost - $9,985)		10,070
	SHORT-TERM INVESTMENTS - 6.0 %
	MONEY MARKET FUND - 6.0 %
4,522,556	Invesco STIT - Liquid Assets Portfolio, Institutional Class, 0.08% **		4,522,556
	TOTAL SHORT-TERM INVESTMENTS (Cost - $4,522,556)
	COLLATERAL FOR SECURITIES LOANED - 0.8 %
592,637	Mount Vernon Securities Lending Prime Portfolio, 0.22%		592,637
	TOTAL COLLATERAL FOR SECURITIES LOANED (Cost - $592,637)
	TOTAL INVESTMENTS - 100.1 % (Cost- $75,643,192) (a)		$                                              75,885,434
	LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1) %		(51,365)
	NET ASSETS - 100.0 %		$                                              75,834,069
* Non-income producing security.
** Money market fund; interest rate reflects seven day effective yield on March 31, 2015.
^ All or a portion of this security is on loan. The market value of the loaned security is $574,127.
PLC - Public limited company.
(a) Represents cost for financial reporting purposes. Aggregate cost for federal tax purposes is $75,834,291
and differs from the value by net unrealized appreciation/(depreciation) on securities as follows:
	Unrealized appreciation		$                                                4,177,824
	Unrealized depreciation		(4,126,681)
	Net unrealized appreciation		$                                                     51,143
Number of		Underlying Face Amount	Unrealized
Contracts		at Value	Depreciation
	LONG FUTURES CONTRACTS - (0.1) %
	Equity Futures - (0.1) %
52	MSCI EAFE Index Mini, June 2014	$                                                  4,757,740	$                                                 (111,535)
	TOTAL LONG FUTURES CONTRACTS	$                                               4,757,740	$                                               (111,535)
COMPASS EMP INTERNATIONAL 500 ENHANCED VOLATILITY WEIGHTED FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
	Portfolio Composition (Unaudited) *
	Japan	18.7%
	Britain	11.6%
	Canada	9.3%
	Hong Kong	9.1%
	France	8.5%
	Germany	6.2%
	Switzerland	5.3%
	Australia	4.8%
	Sweden	3.7%
	Singapore	3.2%
	Other Countries	19.6%
	Total	100.0%
	* Based on total value of investments.
	Percentages may differ from Schedule of Investments which are based on Fund net assets.

COMPASS EMP COMMODITY STRATEGIES ENHANCED VOLATILITY WEIGHTED FUND
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2015
Shares				Value
		MUTUAL FUND - 4.2 %
		DEBT FUND - 4.2 %
36,671		Compass EMP Ultra Short-Term Fixed Income Fund +		$                                  366,705
		TOTAL MUTUAL FUND (Cost - $366,705)
Par Value
		BONDS & NOTES - 13.2 %
		BANKS - 6.2 %
$           500,000		Goldman Sachs Group, Inc., 5.625%, 1/15/17		536,279
		TELECOMMUNICATIONS - 7.0 %
600,000		AT&T, Inc., 2.40% 8/15/2016		610,818
		TOTAL BONDS & NOTES (Cost - $1,144,195)		1,147,097
		SHORT-TERM INVESTMENTS - 75.8 %
		CERTIFICATES OF DEPOSIT - 20.1 %
500,000		Agricultural Bank China NY, 0.90%, 6/3/15		500,000
700,000		Banco do Brasil Sa NY, 1.36%, 4/7/15		699,998
550,000		Industrial & Commercial Bank of China Ltd., 0.80%, 6/3/15		550,000
		TOTAL CERTIFICATES OF DEPOSIT (Cost - $1,749,998)		1,749,998
		COMMERCIAL PAPER- 31.0 %
400,000		Albemarle Corp., 4/20/2015		399,823
400,000		Conagra Foods, 4/6/2015		399,961
400,000		Entergy Corp., 4/17/2015		399,858
400,000		Glencore Funding LLC, 4/22/2015		399,860
400,000		ONEOK, Inc., 4/1/2015		400,000
400,000		Pentair Finance, 4/27/2015		399,798
300,000		Thermo Fisher Scientific, Inc., 4/14/2015		299,924
		TOTAL COMMERCIAL PAPER (Cost - $2,699,224)		2,699,224
Shares
		MONEY MARKET FUNDS - 24.7 %
1,883,775		AIM STIT - Liquid Assets Portfolio, Institutional Class, 0.00% *		1,883,775
269,432		Fidelity Institutional Money Market, 0.00% *		269,432
		TOTAL MONEY MARKET FUNDS - (Cost - $2,153,207)		2,153,207
		TOTAL SHORT-TERM INVESTMENTS (Cost - $6,602,429)		6,602,429
		TOTAL INVESTMENTS - 93.2 % (Cost - $8,113,329) (a)		$                               8,116,231
		OTHER ASSETS  LESS LIABILITIES - 6.8 %		599,647
		NET ASSETS - 100.0 %		$                               8,715,878
+ Affiliated company.
* Money market fund; interest rate reflects seven day effective yield on March 31, 2015.
(a) Represents cost for financial reporting purposes. Aggregate cost for federal tax purposes is $8,113,329
and differs from value by net unrealized appreciation/(depreciation) on securities as follows:
	Unrealized appreciation			$                                      3,845
	Unrealized depreciation			(943)
	Net unrealized appreciation			$                                      2,902
Number of			Underlying Face Amount	Unrealized Appreciation
Contracts			at Value	(Depreciation)
		LONG FUTURE CONTRACTS - (1.7)%
		Commodity Futures - (1.7) %
14		Cocoa, May 2015	$                                                     377,860	$                                  (26,976)
4		Coffee, May 2015	199,350	(25,913)
6		Copper Future, May 2015	411,000	25,116
17		Corn Future, May 2015	319,813	(15,688)
14		Cotton, May 2015	441,700	5,973
4		Crude Oil Future, May 2015	190,400	(8,500)
3		Gasoline RBOB, May 2015	223,020	(10,437)
4		Gold, May 2015	473,280	8,720
COMPASS EMP COMMODITY STRATEGIES ENHANCED VOLATILITY WEIGHTED FUND
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Number of			Underlying Face Amount	Unrealized Appreciation
Contracts			at Value	(Depreciation)
		Commodity Futures - (1.7)% (Continued)
10		Lean Hogs, Jun 2015	$                                                     303,200	$                                    (2,217)
8		Live Cattle, Jun 2015	487,456	19,031
11		LME Aluminum, Jun 2015	490,600	(8,306)
9		LME Zinc Future, Jun 2015	468,563	(3,956)
7		Natural Gas Future, May 2015	184,800	(10,460)
3		NY Harbor ULSD Futures, May 2015	215,208	(12,663)
4		Silver, May 2015	332,000	(5,510)
7		Soybean Future, May 2015	340,638	(2,850)
8		Soybean Meal, May 2015	261,440	3,780
19		Soybean Oil Future, May 2015	346,446	(17,826)
13		Wheat Future, May 2015	332,638	(5,825)
19		World Sugar #11, May 2015	253,870	(56,728)
		TOTAL LONG FUTURES CONTRACTS	$                                               6,653,280	$                              (151,235)
		SHORT FUTURE CONTRACTS - 0.0%
		Commodity Futures - 0.0 %
1		LME Aluminum, Jun 2015	$                                                       44,600	$                                         750
1		LME Zinc Future, Jun 2015	52,063	263
		TOTAL SHORT FUTURES CONTRACTS	$                                                     96,663	$                                    1,013

COMPASS EMP COMMODITY STRATEGIES VOLATILITY WEIGHTED FUND
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2015
Shares				Value
		MUTUAL FUNDS - 3.9 %
		DEBT FUND - 3.9 %
47,913		Compass EMP Ultra Short-Term Fixed Income Fund, Class I +		$                                          479,132
		TOTAL MUTUAL FUNDS (Cost - $479,132)
Par Value		BONDS & NOTES - 31.2 %
		AUTO MANUFACTURERS - 0.4 %
$          50,000		Ford Motor Credit Corp., 12.00%, 5/15/2015		50,618
		BANKS - 10.0 %
250,000		Bank of America Corp., 1.50%, 10/9/15		251,093
150,000		Capital One Financial Corp., 1.00%, 11/6/15		150,203
240,000		First Horizon National Corp., 5.375%, 12/15/15		246,235
250,000		ING Bank NV, 2.00%, 9/25/15 - 144A		251,628
200,000		JPMorgan Chase & Co., 6.125%, 6/27/17		219,264
50,000		Morgan Stanley, 4.00%, 7/24/15		50,510
55,000		Morgan Stanley, 6.00%, 4/28/15		55,182
				1,224,115
		DIVERSIFIED FINANCIAL SERVICES - 1.8 %
200,000		General Electric Capital Corp., 5.375%, 10/20/16		213,884
		HOME FURNISHINGS - 1.3 %
150,000		Whirlpool Corp., 6.50%, 6/15/16		159,868
		INSURANCE - 6.1 %
250,000		AXA Equitable Life Insurance Co., 7.70%, 12/1/15 - 144A		260,197
450,000		White Mountains Re Group, 6.375%, 3/20/17 - 144A		486,503
				746,700
		MEDIA - 2.1 %
250,000		Viacom, Inc., 2.50%, 12/15/16		255,715
		OIL & GAS - 2.7 %
190,000		Petrobas Global Finance BV, 2.00%, 5/20/16		182,210
140,000		Transocean, Inc., 5.05%, 12/15/16		141,925
				324,135
		RETAIL - 2.3 %
250,000		Macy's Retail Holdings, Inc., 7.45%, 7/15/17		282,675
		SAVINGS & LOANS - 3.3 %
400,000		Amsouth Bank/Birmingham AL, 5.20%, 4/1/15		400,000
		TELECOMMMUNICATIONS- 1.2 %
150,000		Crown Castle Towers LLC, 3.214%, 8/15/15 - 144A		151,108
		TOTAL BONDS & NOTES (Cost- $3,815,241)		3,808,818
		SHORT-TERM INVESTMENTS -  56.3 %
		CERTIFICATES OF DEPOSIT - 5.3 %
650,000		Industrial & Commercial Bank of China Ltd., 0.80%, 6/3/15		650,000
		TOTAL CERTIFICATES OF DEPOSIT (Cost - $650,000)
		COMMERCIAL PAPER - 40.2 %
500,000		Albemarle Corp., 4/20/2015		499,778
500,000		Conagra Foods, Inc., 4/6/2015		499,951
500,000		Encana Corp., 4/20/15		499,821
500,000		Entergy Corp., 4/17/2015		499,822
500,000		Glencore Funding LLC, 4/22/2015		499,825
400,000		Holcim US Finance, 5/12/15		399,749
400,000		Mariott International, Inc., 4/15/15		399,910
600,000		ONEOK, Inc., 4/1/2015		600,000
500,000		Pentair Finance, 4/27/2015		499,747
500,000		Thermo Fisher Scientific, Inc., 4/14/2015		499,875
		TOTAL COMMERCIAL PAPER (Cost - $4,898,478)		4,898,478
COMPASS EMP COMMODITY STRATEGIES VOLATILITY WEIGHTED FUND
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		MONEY MARKET FUND - 10.8 %
990,624		AIM STIT - Liquid Assets Portfolio, Institutional Class, 0.06% *		990,624
322,108		Fidelity Institutional Money Market, 0.00% *		322,108
		TOTAL MONEY MARKET FUNDS - (Cost - $1,312,732)		1,312,732
		TOTAL SHORT-TERM INVESTMENTS (Cost - $6,861,210)		6,861,210
		TOTAL INVESTMENTS - 91.4 % (Cost - $11,155,583) (a)		$                                     11,149,160
		OTHER ASSETS LESS LIABILITIES - 8.6 %		1,049,104
		NET ASSETS - 100.0 %		$                                     12,198,264
+ Affiliated company.
* Money market fund; interest rate reflects seven day effective yield on March 31, 2015.
LLC - Limited liability company.
LP - Limited partnership.
144A - Security exempt from registration under Rule 114A of the Securities Act of 1993. These securities may be sold in transactions exempt from registration, normally to qualified buyers.
(a) Represents cost for financial reporting purposes. Aggregate cost for federal tax purposes is $8,166,005
and differs from value by net unrealized appreciation/(depreciation) on securities as follows:
	Unrealized appreciation			$                                              8,577
	Unrealized depreciation			(15,000)
	Net unrealized depreciation			$                                             (6,423)
Number of			Underlying Face Amount	Unrealized Appreciation
Contracts			at Value	(Depreciation)
		LONG FUTURES CONTRACTS - (2.4) %
		Commodity Futures - (2.4) %
27		Cocoa, May 2015	$                                                     728,730	$                                           (52,641)
8		Coffee, May 2015	398,700	(52,088)
12		Copper Future, May 2015	822,000	49,247
32		Corn Future, May 2015	602,000	(29,344)
25		Cotton, May 2015	788,750	7,987
8		Crude Oil Future, May 2015	380,800	(22,400)
5		Gasoline RBOB, May 2015	371,700	(13,814)
8		Gold, Jun 2015	946,560	18,910
19		Lean Hogs, Jun 2015	576,080	(7,843)
15		Live Cattle, Jun 2015	913,950	35,409
18		LME Aluminum, Jun 2015	802,800	(12,344)
16		LME Zinc Future, Jun 2015	833,000	(9,144)
11		Natural Gas Future, May 2015	158,400	(15,730)
6		NY Harbor ULSD Futures, May 2015	502,152	(23,696)
7		Silver, May 2015	580,930	(10,705)
14		Soybean Future, May 2015	681,275	(6,338)
15		Soybean Meal, May 2015	490,200	4,700
35		Soybean Oil Future, May 2015	638,190	(32,622)
24		Wheat Future, May 2015	614,100	(9,813)
36		World Sugar #11, May 2015	481,018	(110,622)
		TOTAL LONG FUTURES CONTRACTS	$                                             12,311,335	$                                      (292,891)

COMPASS EMP MARKET NEUTRAL INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2015
Shares				Value
		COMMON STOCK - 81.5 %
		AEROSPACE/DEFENSE - 0.5 %
18,744		BAE Systems PLC		$                                  145,139
753		Lockheed Martin Corp.		152,829
				297,968
		AGRICULTURE - 2.2 %
3,242		Altria Group, Inc.		162,165
6,800		British American Tobacco Malaysia Bhd		126,052
2,817		British American Tobacco PLC		145,874
2,697		Imperial Tobacco Group PLC		118,283
135,800		IOI Corp. Bhd		168,299
1,390		KT&G Corp.		111,115
1,823		Lorillard, Inc.		119,133
2,116		Philip Morris International, Inc.		159,398
1,881		Reynolds American, Inc. ^		129,620
11,900		Souza Cruz SA		94,165
				1,334,104
		AUTO MANUFACTURERS - 0.7 %
6,759		Ford Motor Co.		109,090
2,658		General Motors Co.		99,675
1,854		PACCAR, Inc.		117,062
11,000		Yulon Nissan Motor Co., Ltd.		106,133
				431,960
		AUTO PARTS & EQUIPMENT - 0.4 %
98,000		Cheng Shin Rubber Industry Co., Ltd.		224,819
		BANKS - 7.1 %
126,500		AMMB Holdings Bhd		216,985
6,187		Australia & New Zealand Banking Group Ltd.		172,542
10,058		Banco Bilbao Vizcaya Argentaria SA		101,444
2,511,057		Banco de Chile		282,056
3,887		Banco de Credito e Inversiones		174,138
8,000		Banco do Brasil SA		57,597
3,438,416		Banco Santander Chile		187,510
11,902		Banco Santander SA		89,101
243,000		Bank of China Ltd.		140,468
123,000		Bank of Communications Co. Ltd.		105,709
2,714		Bank Pekao SA		131,393
8,708		Barclays Africa Group Ltd.		132,789
18,631		CaixaBank SA		88,238
165,000		China CITIC Bank Corp Ltd.		124,389
179,000		China Construction Bank Corp.		148,563
156,000		Chongqing Rural Commercial Bank Co. Ltd.		101,127
4,686		Columbia Banking System, Inc.		135,753
2,549		Commonwealth Bank of Australia		181,241
5,888		Fifth Third Bancorp		110,989
4,594		Glacier Bancorp, Inc.		115,539
17,045		HSBC Holdings PLC		145,242
2,003		JPMorgan Chase & Co.		121,342
84,800		Malayan Banking Bhd		213,640
5,850		National Australia Bank Ltd.		171,671
1,729		Park National Corp. ^		147,933
6,327		Standard Chartered PLC		102,444
5,853		Swedbank AB		139,471
18,790		Valley National Bancorp ^		177,378
2,819		Wells Fargo & Co.		153,354
5,516		Westpac Banking Corp.		165,280
				4,335,326
		BEVERAGES - 0.7 %
22,100		Ambev SA		127,511
3,745		Coca-Cola Co.		151,860
1,871		PepsiCo, Inc.		178,905
				458,276
		BIOTECHNOLOGY - 0.1 %
13,033		PDL BioPharma, Inc. ^		91,687
COMPASS EMP MARKET NEUTRAL INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		BUILDING MATERIALS - 0.6 %
171,000		Asia Cement Corp.		$                                  214,720
118,000		Taiwan Cement Corp.		165,974
				380,694
		CHEMICALS - 1.4 %
1,981		A Schulman, Inc.		95,484
2,545		Cabot Corp.		114,525
1,938		Dow Chemical Co. ^		92,985
2,286		Innophos Holdings, Inc.		128,839
17,857		Israel Chemicals Ltd.		126,873
759		LyondellBasell Industries NV		66,640
4,152		Olin Corp. ^		133,030
3,900		Potash Corp of Saskatchewan, Inc.		125,764
				884,140
		COAL - 0.2 %
48,000		China Shenhua Energy Co. Ltd.		122,430
		COMMERCIAL SERVICES - 2.2 %
5,363		ABM Industries, Inc.		170,865
4,738		Aggreko PLC		107,120
1,497		Capella Education Co.		97,125
16,000		CCR SA		82,653
2,241		Insperity, Inc.		117,182
110,000		Jiangsu Expressway Co. Ltd.		147,705
18,100		Kroton Educacional SA		58,559
1,315		Macquarie Infrastructure Co. LLC		108,211
5,015		McGrath Rent Corp.		165,044
2,973		Rent-A-Center, Inc.		81,579
5,729		Resources Connection, Inc.		100,258
84,000		Zhejiang Expressway Co. Ltd.		111,187
				1,347,488
		COMPUTERS - 1.5 %
13,000		Asustek Computer, Inc.		130,610
3,073		Engility Holdings, Inc.		92,313
819		International Business Machines Corp.		131,450
113,000		Inventec Corp.		81,557
103,000		Lite-On Technology Corp.		133,161
51,000		Quanta Computer, Inc.		123,022
2,560		Science Applications International Corp.		131,456
1,753		Seagate Technology PLC		91,209
				914,778
		COSMETICS/PERSONAL CARE - 0.5 %
11,500		Natura Cosmeticos SA		97,620
2,333		Procter & Gamble Co.		191,166
				288,786
		DISTRIBUTION/WHOLESALE - 0.7 %
2,498		H&E Equipment Services Inc.		62,425
11,000		ITOCHU Corp.		118,986
108,000		Li & Fung Ltd.		105,459
9,200		Mitsui & Co. Ltd.		123,152
				410,022
		DIVERSIFIED FINANCIAL SERVICES - 1.9 %
15,622		Aberdeen Asset Management PLC		106,272
5,610		Aircastle Ltd.		126,001
1,453		CME Group, Inc.		137,614
3,047		Cohen & Steers, Inc.		124,775
2,615		Greenhill & Co., Inc. ^		103,685
3,800		IGM Financial, Inc.		135,312
2,333		Macquarie Group Ltd.		135,938
8,457		Manning & Napier, Inc.		110,026
244,000		Mega Financial Holding Co, Ltd.		201,995
				1,181,618
		ELECTRIC - 11.0 %
337,847		AES Gener SA		184,414
13,332		AGL Energy Ltd.		154,503
3,257		ALLETE, Inc.		171,839
2,251		Alliant Energy Corp.		141,813
COMPASS EMP MARKET NEUTRAL INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		ELECTRIC (Continued) - 11.0 %
2,945		Ameren Corp.		$                                  124,279
2,399		American Electric Power Co., Inc.		134,944
4,522		Avista Corp.		154,562
2,819		Black Hills Corp.		142,190
6,944		CEZ AS		169,508
32,000		China Resources Power Holdings Co., Ltd.		80,250
25,500		CLP Holdings Ltd.		222,866
3,960		CMS Energy Corp.		138,244
2,459		Consolidated Edison, Inc. ^		149,999
13,200		CPFL Energia SA		84,131
1,841		Dominion Resources, Inc.		130,472
1,638		DTE Energy Co.		132,170
2,036,000		E.ON Russia JSC		103,145
24,512		EDP - Energias de Portugal SA		91,677
4,363		El Paso Electric Co. ^		168,586
4,336		Electricite de France SA		103,830
5,619		Empire District Electric Co.		139,464
5,871		Endesa SA		113,186
1,628		Entergy Corp.		126,154
2,671		Eversource Energy		134,939
3,421		Exelon Corp.		114,980
5,584		Fortum OYJ		116,828
76,000		Huaneng Power International, Inc.		90,261
24,095		Iberdrola SA		155,168
1,526		Integrys Energy Group, Inc.		109,903
3,538		MGE Energy, Inc.		156,804
1,393		NextEra Energy, Inc. ^		144,942
3,047		NorthWestern Corp. ^		163,898
4,040		OGE Energy Corp.		127,704
5,299		Otter Tail Corp.		170,469
2,557		PG&E Corp. ^		135,700
22,769		PGE Polska Grupa Energetyczna SA		125,009
2,168		Pinnacle West Capital Corp.		138,210
5,092		PNM Resources, Inc.		148,686
4,717		Portland General Electric Co.		174,953
2,642		Public Service Enterprise Group, Inc. ^		110,753
1,428		Red Electrica Corp.SA		115,959
2,427		SCANA Corp		133,461
3,405		Southern Co.		150,773
28,641		Terna Rete Elettrica Nazionale Spa		125,949
8,800		Tractebel Energia SA		97,857
1,980		UIL Holdings Corp.		101,812
3,818		Westar Energy, Inc.		147,986
2,512		Wisconsin Energy Corp. ^		124,344
3,934		Xcel Energy, Inc.		136,943
353,100		YTL Power International Bhd		142,911
				6,759,428
		ELECTRICAL COMPONENTS & EQUIPMENT - 0.2 %
2,187		Emerson Electric Co.		123,828
		ELECTRONICS - 0.3 %
8,298		AVX Corp.		118,412
37,800		Delta Electronics Thailand PCL		87,387
				205,799
		ENERGY-ALTERNATE SOURCES - 0.1 %
6,517		FutureFuel Corp.		66,930
		ENGINEERING & CONSTRUCTION - 1.2 %
2,575		ACS Actividades de Construccion y Servicios SA		91,017
2,730		Bouygues SA		107,024
6,072		Ferrovial SA		128,929
19,400		Grupo Aeroportuario del Pacifico SAB de CV		127,691
76,300		Singapore Technologies Engineering Ltd		193,538
1,648		Vinci SA		94,029
				742,228
COMPASS EMP MARKET NEUTRAL INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		ENTERTAINMENT - 0.3 %
5,687		OPAP SA		$                                    53,008
6,686		Speedway Motorsports, Inc.		152,107
				205,115
		ENVIRONMENTAL CONTROL - 0.5 %
2,039		MSA Safety, Inc.		101,705
4,556		Republic Services, Inc.		184,791
				286,496
		FOOD - 2.4 %
2,260		Cal-Maine Foods, Inc. ^		88,276
3,488		Campbell Soup Co.		162,366
1,250		Casino Guichard Perrachon SA		110,533
3,042		General Mills, Inc. ^		172,177
7,826		Koninklijke Ahold NV		154,010
2,019		Pilgrim's Pride Corp. ^		45,609
4,513		Snyder's-Lance, Inc.		144,235
4,356		SpartanNash Co.		137,475
3,814		Sysco Corp.		143,902
19,144		Tesco PLC		68,331
4,656		Wesfarmers Ltd.		155,860
5,159		Woolworths Ltd.		115,811
				1,498,585
		FOOD SERVICE - 0.3 %
9,247		Compass Group PLC		160,406
		FOREST PRODUCTS & PAPER - 0.6 %
2,212		Neenah Paper, Inc.		138,338
4,843		PH Glatfelter Co.		133,328
4,396		UPM-Kymmene OYJ		85,286
				356,952
		GAS - 1.6 %
2,541		Atmos Energy Corp.		140,517
5,519		CenterPoint Energy, Inc.		112,643
2,751		Chesapeake Utilities Corp.		139,228
4,389		Enagas SA		125,334
5,395		Gas Natural SDG SA		120,966
14,008		National Grid PLC		180,091
2,974		Southwest Gas Corp.		172,998
				991,777
		HAND/MACHINE TOOLS - 0.2 %
9,623		Sandvik AB		107,557
		HEALTHCARE-PRODUCTS - 0.5 %
2,376		Baxter International, Inc.		162,756
6,744		Meridian Bioscience, Inc.		128,676
				291,432
		HEALTHCARE-SERVICES - 0.3 %
33,426		Life Healthcare Group Holdings Ltd.		116,487
6,037		Select Medical Holdings Corp.		89,529
				206,016
		HOLDING COMPANIES - 1.0 %
9,000		Hutchison Whampoa Ltd.		124,744
6,614		Imperial Holdings Ltd.		104,924
23,300		Keppel Corp. Ltd.		152,702
59,000		NWS Holdings Ltd.		98,267
338,000		YTL Corp. Bhd		152,444
				633,081
		HOME BUILDERS - 0.2 %
4,517		MDC Holdings, Inc.		128,735
		HOUSEHOLD PRODUCTS - 0.7 %
1,415		Clorox Co. ^		156,202
60,000		Kimberly-Clark de Mexico SAB de CV		125,572
1,759		WD-40 Co.		155,742
				437,516
COMPASS EMP MARKET NEUTRAL INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		INSURANCE - 5.3 %
2,951		American Financial Group, Inc.		$                                  189,307
23,760		AMP Ltd.		116,251
3,983		Arthur J Gallagher & Co.		186,205
10,100		BB Seguridade Participacoes SA		103,370
3,498		Cincinnati Financial Corp.		186,373
3,670		CNA Financial Corp. ^		152,048
7,099		CNP Assurances		124,254
27,228		Insurance Australia Group Ltd.		126,344
33,528		Mapfre SA		122,250
2,200		MetLife, Inc.		111,210
57,056		MMI Holdings Ltd.		154,540
1,340		Powszechny Zaklad Ubezpieczen SA		172,777
4,738		ProAssurance Corp.		217,522
6,489		Progressive Corp.		176,501
3,369		RLI Corp. ^		176,569
2,817		Safety Insurance Group, Inc.		168,316
15,528		Suncorp Group Ltd.		159,620
1,718		Swiss Re AG		165,715
6,235		Symetra Financial Corp.		146,273
3,447		WR Berkley Corp.		174,108
427		Zurich Insurance Group AG		144,327
				3,273,880
		INTERNET - 0.1 %
4,323		NIC, Inc.		76,387
		INVESTMENT COMPANIES - 2.1 %
9,111		Ares Capital Corp. ^		156,436
5,000		CK Hutchison Holdings Ltd.		102,149
20,929		FS Investment Corp.		212,220
10,239		Hercules Technology Growth Capital, Inc. ^		138,022
4,883		Main Street Capital Corp. ^		150,885
15,664		New Mountain Finance Corp.		228,694
11,054		Solar Capital Ltd.		223,733
4,938		TPG Specialty Lending, Inc.		84,983
				1,297,122
		IRON/STEEL 1.0 %
2,663		Carpenter Technology Corp.		103,537
6,922		Commercial Metals Co. ^		112,067
61,595		Eregli Demir ve Celik Fabrikalari TAS		95,819
6,451		Kumba Iron Ore Ltd.		82,884
2,296		Nucor Corp. ^		109,129
3,111		Worthington Industries, Inc.		82,784
				586,220
		LODGING - 0.7 %
3,070		InterContinental Hotels Group PLC		119,712
1,579		Las Vegas Sands Corp.		86,908
60,000		SJM Holdings Ltd.		78,362
1,146		Starwood Hotels & Resorts Worldwide, Inc.		95,691
618		Wynn Resorts Ltd.		77,794
				458,467
		MACHINERY CONSTRUCTION & MINING - 0.4 %
5,613		ABB Ltd.		119,074
1,294		Caterpillar, Inc. ^		103,559
				222,633
		MACHINERY DIVERSIFIED - 0.5 %
3,106		Applied Industrial Technologies, Inc. ^		140,826
1,616		Deere & Co. ^		141,707
				282,533
		MEDIA - 1.2 %
79,400		BEC World PCL		99,982
4,910		Cablevision Systems Corp.		89,853
2,551		Meredith Corp.		142,269
7,500		Shaw Communications, Inc.		167,883
2,843		Sinclair Broadcast Group, Inc. ^		89,299
6,251		Vivendi SA		154,989
				744,275
COMPASS EMP MARKET NEUTRAL INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		METAL FABRICATE/HARDWARE - 0.4 %
2,227		RBC Bearings, Inc.		$                                  170,455
2,474		Sun Hydraulics Corp.		102,325
				272,780
		MINING - 2.0 %
8,970		Antofagasta PLC		96,987
4,186		BHP Billiton Ltd.		97,536
159,500		China Hongqiao Group Ltd.		95,542
19,690		Glencore PLC		83,145
4,601		Globe Specialty Metals Inc.		87,051
63,000		Jiangxi Copper Co. Ltd.		117,088
2,513		Kaiser Aluminum Corp.		193,225
419		MMC Norilsk Nickel OJSC		74,948
37,713		Polyus Gold International Ltd.		104,918
2,368		Rio Tinto PLC		97,644
4,100		Teck Resources Ltd.		56,143
344,000		Zijin Mining Group Co. Ltd.		108,912
				1,213,139
		MISCELLANEOUS MANUFACTURING - 0.9 %
1,409		American Railcar Industries, Inc.		70,070
1,405		Eaton Corp PLC		95,456
6,342		General Electric Co.		157,345
4,379		Hillenbrand, Inc.		135,180
4,670		Raven Industries, Inc. ^		95,548
				553,599
		OFFICE FURNISHINGS - 0.6 %
2,234		HNI Corp.		123,250
5,963		Knoll, Inc.		139,713
5,942		Steelcase, Inc. ^		112,541
				375,504
		OFFICE/BUSINESS EQUIPMENT - 0.2 %
4,100		Canon, Inc.		144,997
		OIL & GAS - 2.0 %
1,605		Bashneft OAO		52,155
1,030		Chevron Corp.		108,129
152,000		China Petroleum & Chemical Corp.		121,127
79,000		CNOOC Ltd.		111,491
112,789		Ecopetrol SA		85,733
1,499		Exxon Mobil Corp.		127,415
840		Helmerich & Payne, Inc.		57,179
2,677		Marathon Oil Corp.		69,896
1,597		Murphy Oil Corp.		74,420
3,311		Patterson-UTI Energy, Inc.		62,164
106,000		PetroChina Co. Ltd.		117,709
1,022		Phillips 66		80,329
2,561		Sasol Ltd.		86,519
3,892		Woodside Petroleum Ltd.		102,214
				1,256,480
		OIL & GAS SERVICES - 0.8 %
1,552		CARBO Ceramics, Inc. ^		47,352
50,000		China Oilfield Services		83,254
2,796		Exterran Holdings Inc.		93,862
1,602		National Oilwell Varco, Inc.		80,084
5,431		RPC, Inc.		69,571
123,500		Sinopec Engineering Group Co., Ltd.		106,977
				481,100
		PACKAGING & CONTAINERS - 0.4 %
10,990		Amcor Ltd.		117,382
3,434		Greif, Inc. ^		134,853
				252,235
		PHARMACEUTICALS - 1.5 %
2,097		Eli Lilly & Co.		152,347
5,654		GlaxoSmithKline PLC		130,130
1,531		Johnson & Johnson		154,019
2,330		Merck & Co., Inc.		133,928
COMPASS EMP MARKET NEUTRAL INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		PHARMACEUTICALS (Continued) - 1.5 %
5,143		Owens & Minor, Inc.		$                                  174,039
4,767		Pfizer, Inc.		165,844
				910,307
		PIPELINES - 0.9 %
3,300		Inter Pipeline Ltd.		85,091
2,394		Kinder Morgan, Inc.  ^		100,692
1,524		ONEOK, Inc. ^		73,518
2,500		Pembina Pipeline Corp.		78,981
3,259		Spectra Energy Corp. ^		117,878
2,600		TransCanada Corp.		111,034
				567,194
		REAL ESTATE - 1.0 %
268,000		Country Garden Holdings Co. Ltd.		108,091
300,000		Evergrande Real Estate Group Ltd.		151,218
2,524		HFF, Inc. - Cl. A ^		94,751
140,000		New World Development Co. Ltd.		162,302
168,000		Sino-Ocean Land Holdings		101,626
				617,988
		RETAIL - 2.8 %
4,511		American Eagle Outfitters, Inc. ^		77,048
92,000		Belle International Holdings Ltd.		107,390
2,599		Buckle, Inc. ^		132,783
3,332		Cato Corp.		131,947
100,400		Chow Tai Fook Jewellery Group Ltd.		108,254
2,059		Coach, Inc.		85,304
1,106		Costco Wholesale Corp. ^		167,553
18,332		Kingfisher PLC		103,417
1,337		L Brands, Inc.		126,066
1,635		McDonald's Corp.		159,314
1,361		Next PLC		141,460
4,167		Pier 1 Imports, Inc.		58,255
4,391		Staples, Inc. ^		71,507
160,500		Sun Art Retail Group Ltd.		139,802
12,920		Truworths International Ltd		93,836
				1,703,936
		SAVINGS & LOANS - 1.0 %
17,285		Capitol Federal Financial, Inc.		216,062
9,993		New York Community Bancorp, Inc.  ^		167,183
16,140		Northwest Bancshares, Inc.		191,259
				574,504
		SEMICONDUCTORS - 1.1 %
1,896		Analog Devices, Inc.		119,448
2,960		Intel Corp.		92,559
5,606		Intersil Corp.		80,278
1,543		KLA-Tencor Corp.		89,941
1,778		Microchip Technology, Inc. ^		86,944
4,124		MKS Instruments, Inc.		139,432
2,007		Xilinx, Inc. ^		84,896
				693,498
		SOFTWARE - 1.1 %
4,015		CA, Inc. ^		130,929
1,986		Computer Programs & Systems, Inc. ^		107,760
4,990		CSG Systems International, Inc.		151,646
2,573		Microsoft Corp. ^		104,605
3,538		Paychex, Inc.		175,538
				670,478
		TELECOMMUNICATIONS - 8.0 %
5,720		ADTRAN, Inc.		106,792
18,100		Advanced Info Service PCL		131,498
4,400		BCE, Inc.		186,151
3,599		Belgacom SA		125,753
3,227		CenturyLink, Inc. ^		111,493
334,000		China Communications Services Corp., Ltd.		148,149
140,000		Chunghwa Telecom Co., Ltd.		447,155
3,774		Comtech Telecommunications Corp.		109,257
119,500		DiGi.Com Bhd		203,131
COMPASS EMP MARKET NEUTRAL INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		TELECOMMUNICATIONS (Continued) - 8.0 %
63,000		Far EasTone Telecommunications Co., Ltd.		$                                  151,892
10,406		Frontier Communications Corp.		73,362
76,700		Intouch Holdings PCL		181,917
95,400		Maxis Bhd		184,907
16,380		Mobile Telesystems OJSC		69,352
6,318		MTN Group Ltd.		106,566
11,544		O2 Czech Republic AS		92,248
43,179		Orange Polska SA		108,432
5,568		Orange SA		89,299
2,360		Philippine Long Distance Telephone Co.		150,126
4,900		Rogers Communications, Inc.		163,849
59,100		Singapore Telecommunications Ltd.		188,638
84,900		Sistema JSFC		25,958
237		Swisscom AG		137,434
50,000		Taiwan Mobile Co., Ltd.		174,701
90,129		Telecom Egypt Co.		132,960
9,007		Telefonica SA		127,992
5,918		Telenor ASA		119,342
23,322		TeliaSonera AB		147,927
39,499		Telstra Corp Ltd.		190,074
4,600		TELUS Corp.		152,365
46,200		Total Access Communication PCL		116,094
13,615		Vodacom Group Ltd.		148,802
34,267		Vodafone Group PLC		112,122
3,480		West Corp. ^		117,380
				4,833,118
		TEXTILE - 0.2 %
1,976		G & K Services, Inc.		143,319
		TOYS/GAMES/HOBBIES -  0.2 %
1,834		Hasbro, Inc. ^		115,982
		TRANSPORTATION - 1.0 %
34,155		Aurizon Holdings Ltd.		126,020
525,100		BTS Group Holdings PCL		147,313
888		Kuehne + Nagel International AG		131,843
1,286		United Parcel Service, Inc.		124,665
				529,841
		TRUCKING & LEASING - 0.4 %
1,990		GATX Corp.		115,380
3,112		TAL International Group, Inc. ^		126,752
				242,132
		WATER - 1.6 %
341,080		Aguas Andinas SA		200,050
3,132		American States Water Co.		124,935
15,700		Cia de Saneamento Basico do Estado de Sao Paulo		86,311
4,794		Severn Trent PLC		146,082
3,522		SJW Corp. ^		108,865
4,968		Suez Environnement Co.		85,416
9,316		United Utilities Group PLC		128,763
5,927		Veolia Environnement SA		111,950
				992,372
		TOTAL COMMON STOCK (Cost - $51,241,206)		49,991,997
		EXCHANGE TRADED FUNDS - 1.5 %
		EQUITY FUND - 1.5 %
27,596		iShares MSCI Qatar Capped ETF		635,812
3,245		iShares MSCI UAE Capped ETF		58,670
10,127		WisdomTree India Earnings Fund		230,896
		TOTAL EXCHANGE TRADED FUNDS - (Cost - $925,240 )		925,378
		RIGHTS - 0.0 %
9,007		Telefonica SA, Expiration Date March 30, 2015 , Exercise Price $10.84 *		1,451
		TOTAL RIGHTS - (Cost - $1,562)
COMPASS EMP MARKET NEUTRAL INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
Shares				Value
		SHORT-TERM INVESTMENTS - 11.9 %
		MONEY MARKET FUND - 11.9 %
7,300,995		Invesco STIT - Liquid Assets Portfolio, Institutional Class, 0.08% **		$                               7,300,995
		TOTAL SHORT-TERM INVESTMENTS (Cost - $7,300,995)
		COLLATERAL FOR SECURITIES LOANED - 8.9 %
5,433,824		Mount Vernon Securities Lending Prime Portfolio, 0.22%		5,433,824
		TOTAL COLLATERAL FOR SECURITIES LOANED (Cost - $5,433,824)
		TOTAL INVESTMENTS - 103.8 % (Cost - $64,902,827) (a)		$                             63,653,645
		PUT OPTIONS WRITTEN - (0.5) % (Proceeds - $261,863)		(325,995)
		LIABILITIES IN EXCESS OF OTHER ASSETS - (3.3) %		(2,021,665)
		NET ASSETS - 100.0 %		$                             61,305,985
* Non-income producing security.
** Money market fund; interest rate reflects seven day effective yield on March 31, 2015.
^ All or a portion of this security is on loan. The market value of the loaned security is $5,247,294
PLC - Public limited company.
(a) Represents cost for financial reporting purposes. Aggregate cost for federal tax purposes (including options on futures written) is $64,760,901
and differs from value by net unrealized appreciation/(depreciation) on securities as follows:
	Unrealized appreciation			$                               1,407,405
	Unrealized depreciation			(2,840,656)
	Net unrealized depreciation			$                             (1,433,251)
Contracts
		SCHEDULE OF PUT OPTIONS ON FUTURES WRITTEN - (0.5) %
211		S & P 500 Mini Futures		325,995
		Expiration April 2015, Exercise Price $2,075
		TOTAL PUT OPTIONS ON FUTURES WRITTEN (Proceeds - $261,863)
Number of			Underlying Face Amount	Unrealized Appreciation
Contracts			at Value	(Depreciation)
		SHORT FUTURES CONTRACTS - (2.3) %
		Equity Futures - (2.3) %
135		CBOE VIX Future, Apr. 2015	$                                             2,197,125	$                                  155,105
263		Emerging Market, Jun. 2015	12,787,060	(618,430)
137		MSCI EAFE Index Mini, Jun. 2015	12,534,815	(332,225)
102		Russell Mini Future, Jun. 2015	6,369,390	(474,810)
122		S&P E-Mini Future, Jun. 2015	12,570,575	(160,735)
		TOTAL SHORT FUTURES CONTRACTS	$                                        44,261,840	$                           (1,431,095)

COMPASS EMP ENHANCED FIXED INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2015
Shares				Value
		MUTUAL FUNDS - 4.7 %
		DEBT FUND - 4.7 %
100,104		Compass EMP Ultra Short-Term Fixed Income Fund, Class I +		$                               1,001,037
		TOTAL MUTUAL FUNDS  (Cost - $1,001,037)
Par Value
		BONDS & NOTES - 26.8 %
		AUTO MANUFACTURERS - 2.9 %
$        600,000		Ford Motor Credit Corp., 12.00%, 5/15/15		607,410
		BANKS - 11.4 %
50,000		Capital One Financial Corp., 1.00%, 11/6/15		50,068
590,000		First Horizon National Corp., 5.375%, 12/15/15		605,329
500,000		Goldman Sachs Group, Inc., 5.625%, 1/15/17		536,279
630,000		Morgan Stanley, 6.00%, 4/28/15		632,086
600,000		Morgan Stanley, 4.00%, 7/24/15		606,115
				2,429,877
		DIVERSIFIED FINANCIAL SERVICES - 2.5 %
500,000		General Electric Capital Corp., 5.375%, 10/20/16		534,709
		HOME FURNISHINGS - 0.8 %
150,000		Whirlpool Corp., 6.50%, 6/15/16		159,868
		INSURANCE - 6.0 %
1,053,000		AXA Equitable Life Insurance Co., 7.70%, 12/1/15 - 144A		1,095,949
180,000		White Mountain Insurance Group, 6.375%, 3/20/17 - 144A		194,601
				1,290,550
		MEDIA - 0.2 %
50,000		Viacom, Inc., 2.50%, 12/15/16		51,143
		OIL & GAS - 2.1 %
150,000		Petrobras Global Finance BV, 2.00%, 5/20/16		143,850
300,000		Transocean, Inc., 5.05%, 12/15/16 ^		304,125
				447,975
		RETAIL - 0.2 %
50,000		Macy's Retail Holdings, Inc., 7.45%, 7/15/17		56,535
		SAVINGS & LOANS - 0.5 %
100,000		Amsouth Bank, 5.20%, 4/1/15		100,000
		TELECOMMUNICATIONS - 0.2 %
50,000		Crown Castle Towers LLC, 3.214%, 8/15/15 - 144A		50,369
		TOTAL BONDS & NOTES (Cost - $5,733,979)		5,728,436
		SHORT-TERM INVESTMENTS - 66.3 %
		CERTIFICATES OF DEPOSIT - 28.6 %
1,600,000		Banco do Brasil Sa NY, 1.36%, 4/7/15		1,599,995
1,500,000		Corpbanca, 1.20%, 11/18/15		1,500,000
2,000,000		Industrial & Commercial Bank of China Ltd., 0.80%, 6/3/15		2,000,000
1,000,000		Itau Unibanco NY, 0.95%, 9/11/15		1,000,000
		TOTAL CERTIFICATES OF DEPOSIT (Cost - $6,099,995)		6,099,995
		COMMERCIAL PAPER- 11.2 %
900,000		Apollo, 5/4/2015		899,546
900,000		Mariott International, Inc., 4/15/2015		899,797
600,000		Thermo Fisher Scientific, Inc., 4/14/2015		599,848
		TOTAL COMMERCIAL PAPER (Cost - $2,399,191)		2,399,191
Shares		MONEY MARKET FUND - 26.4 %
5,623,883		AIM STIT - Liquid Assets Portfolio, Institutional Class, 0.00% *		5,623,883
		TOTAL MONEY MARKET FUND (Cost - $5,623,883)
		TOTAL SHORT-TERM INVESTMENTS (Cost - $14,123,069)		14,123,069
		COLLATERAL FOR SECURITIES LOANED - 1.0 %
210,000		Mount Vernon Securities Lending Prime Portfolio, 0.22%		210,000
		TOTAL COLLATERAL FOR SECURITIES LOANED (Cost - $210,000)
COMPASS EMP ENHANCED FIXED INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
March 31, 2015
				Value
		TOTAL INVESTMENTS - 98.8 % (Cost - $21,068,085) (a)		$                             21,062,542
		OTHER ASSETS LESS LIABILITIES - 1.20 %		254,315
		NET ASSETS - 100.0 %		$                             21,316,857
+ Affiliated company.
* Money market fund; interest rate reflects seven day effective yield on March 31, 2015.
^ All or a portion of this security is on loan. The market value of the loaned security is $5,247,294.
144A - Security exempt from registration under Rule 114A of the Securities Act of 1993. These securities may be sold in transactions exempt from registration, normally to qualified buyers.
LLC - Limited liability company.
(a) Represents cost for financial reporting purposes. Aggregate cost for federal tax purposes is $21,068,085
and differs from value by net unrealized appreciation/(depreciation) on securities as follows:
	Unrealized appreciation			$                                    13,952
	Unrealized depreciation			(19,495)
	Net unrealized depreciation			$                                    (5,543)
Number of			Underlying Face Amount	Unrealized
Contracts			at Value	Appreciation/Depreciation
		LONG FUTURES CONTRACTS - 0.0 %
		Fixed Income Futures - 0.0 %
8		Canadian 10 Year Bond Jun 2015	$                                                     900,992	$                                       (679)
6		Euro BOBL Future Jun 2015	833,892	1,482
5		Euro-Bund Future, Jun 2015	1,363,808	10,631
7		Euro Schatz Jun 2015	836,031	451
8		Long Gilt Future Jun 2015	6,449,220	21,794
36		US 10 Year Future Jun 2015	5,027,334	19,877
39		US 5 YR Note Jun 2015	2,524,431	20,592
21		2 Year Bond Jun 2015	4,602,276	7,936
		TOTAL LONG FUTURES CONTRACTS	$                                             22,537,984	$                                  82,084

COMPASS EMP ULTRA SHORT-TERM FIXED INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2015
Par Value		Value
	SHORT-TERM INVESTMENTS - 99.7 %
	CERTIFICATES OF DEPOSIT - 37.6 %
$        850,000	Agricultural Bank of China, 0.90%, 6/3/15	$                                  850,000
950,000	Banco do Brasil Sa New York, 1.36%, 4/7/15	949,997
1,000,000	Corpbanca/New York, 1.20%, 11/18/15	1,000,000
800,000	Industrial & Commercial Bank of China Ltd./New York, 0.8%, 6/3/15	800,000
1,200,000	Itau Unibanco NY, 0.95%, 9/11/15	1,200,000
	TOTAL CERTIFICATES OF DEPOSIT (Cost - $4,799,997)	4,799,997
	COMMERCIAL PAPER - 52.5 %
600,000	Albemarle Corp., 4/20/15	599,734
600,000	Aon Corp., 5/4/15	599,697
600,000	Brookfield US Holdings, Inc., 4/23/15	599,817
600,000	ConAgra Foods, Inc., 4/6/15	599,942
600,000	Encana Corp., 4/20/15	599,785
600,000	Entergy Corp., 4/17/15	599,787
600,000	Glencore Funding LLC, 4/22/15	599,790
700,000	Marriott International, Inc., 4/15/15	699,842
600,000	ONEOK Partners LP, 4/1/15	600,000
600,000	Pentair Finance SA, 4/27/15	599,687
600,000	Thermo Fisher Scientific, Inc., 4/14/15	599,848
	TOTAL COMMERCIAL PAPER (Cost - $6,697,929)	6,697,929
Shares	MONEY MARKET FUND - 9.6 %
1,228,779	AIM STIT - Liquid Assets Portfolio, Institutional Class, 0.08% **	1,228,779
	(Cost - $1,228,779)
	TOTAL SHORT-TERM INVESTMENTS (Cost - $12,726,705)	12,726,705
	TOTAL INVESTMENTS - 99.7 % (Cost - $12,726,705) (a)	$                             12,726,705
	OTHER ASSETS LESS LIABILITIES - 0.3 %	31,265
	NET ASSETS - 100.0 %	$                             12,757,970
* Money market fund; interest rate reflects seven day effective yield on March 31, 2015.
LLC - Limited liability company.
LP - Limited Partnership
(a) Represents cost for financial reporting purposes. Aggregate cost for federal tax purposes is $12,726,705.

COMPASS EMP MULTI-ASSET BALANCED FUND
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2015
Shares			Value
		EXCHANGE TRADED FUNDS - 13.8 %
		EQUITY FUNDS - 13.8 %
750		Compass EMP Developed 500 Enhanced Volatility Weighted Index ETF +	$                                          26,505
40,650		Compass EMP US 100 High Dividend Enhanced Volatility Weighted Index ETF +	1,474,172
39,821		Compass EMP US 500 Enhanced Volatility Weighted Index ETF +	1,484,129
61,527		Compass EMP US 500 Volatility Weighted Index ETF +	2,286,036
18,802		Compass EMP US Discovery 500 Enhanced Volatility Weighted Fund ETF +	737,414
		TOTAL EXCHANGE TRADED FUNDS (Cost - $5,769,895)	6,008,256
		MUTUAL FUNDS - 82.0 %
		ASSET ALLOCATION FUNDS - 29.9 %
392,644		Compass EMP Enhanced Fixed Income Fund - Cl. I +	3,910,736
964,582		Compass EMP Market Neutral Income Fund - Cl. I +	9,096,009
			13,006,745
		COMMODITY FUNDS - 5.6 %
147,254		Compass EMP Commodity Strategies Enhanced Volatility Weighted Fund - Cl. I +	1,229,569
180,969		Compass EMP Commodity Strategies Volatility Weighted Fund - Cl. I +	1,223,349
			2,452,918
		EQUITY FUNDS - 46.5 %
120,739		Compass EMP Emerging Market 500 Volatility Weighted Fund - Cl. I +	1,211,015
409,514		Compass EMP International 500 Enhanced Volatility Weighted Fund - Cl. I +	4,647,980
337,912		Compass EMP International 500 Volatility Weighted Fund - Cl. I +	3,875,851
245,990		Compass EMP Long/Short Strategies Fund - Cl. I +	2,836,266
138,530		Compass EMP REC Enhanced Volatility Weighted Fund - Cl. I +	1,753,793
205,451		Compass EMP US 500 Enhanced Volatility Weighted Fund - Cl. I +	2,935,892
157,850		Compass EMP US 500 Volatility Weighted Fund - Cl. I +	2,200,434
53,276		Compass EMP US Small Cap 500 Volatility Weighted Fund - Cl. I +	736,274
			20,197,505
		TOTAL MUTUAL FUNDS (Cost - $35,601,216)	35,657,168
		SHORT TERM INVESTMENTS - 4.0 %
		MONEY MARKET FUND - 4.0 %
1,741,877		AIM STIT - Liquid Assets Portfolio, Institutional Class, 0.08% *	1,741,877
		TOTAL SHORT-TERM INVESTMENTS (Cost - $1,741,877)
		TOTAL INVESTMENTS - 99.8 % (Cost - $43,112,988) (a)	$                                   43,407,301
		OTHER ASSETS LESS LIABILITIES - 0.2 %	76,812
		NET ASSETS - 100.0 %	$                                   43,484,113
+ Affiliated company.
* Money market fund; interest rate reflects seven day effective yield on March 31, 2015.
(a) Represents cost for financial reporting purposes. Aggregate cost for federal tax purposes is $43,126,086
and differs from the value by net unrealized appreciation/(depreciation) on securities as follows:
	Unrealized appreciation		$                                     1,304,900
	Unrealized depreciation		(1,023,685)
	Net unrealized appreciation		$                                        281,215

COMPASS EMP MULTI-ASSET GROWTH FUND
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2015
Shares			Value
		EXCHANGE TRADED FUNDS - 26.9 %
		EQUITY FUNDS - 26.9 %
200		Compass EMP Developed 500 Enhanced Volatiliy Weighted Index ETF +	$                                         7,068
29,019		Compass EMP US 100 High Dividend Enhanced Volatility Weighted Index ETF +	1,052,374
28,428		Compass EMP US 500 Enhanced Volatility Weighted Index ETF +	1,059,512
43,078		Compass EMP US 500 Volatility Weighted Index ETF +	1,600,563
13,681		Compass EMP US Discovery 500 Enhanced Volatility Weighted Fund ETF +	536,569
		TOTAL EXCHANGE TRADED FUNDS - (Cost - $4,111,880)	4,256,086
		MUTUAL FUNDS - 68.7 %
		EQUITY FUNDS - 68.7 %
87,818		Compass EMP Emerging Market 500 Volatility Weighted Fund - Cl. I +	880,817
273,736		Compass EMP International 500 Enhanced Volatility Weighted Fund - Cl. I +	3,106,904
232,038		Compass EMP International 500 Volatility Weighted Fund - Cl. I +	2,661,476
146,256		Compass EMP US 500 Enhanced Volatility Weighted Fund - Cl. I +	2,089,998
114,478		Compass EMP US 500 Volatility Weighted Fund - Cl. I +	1,595,815
38,555		Compass EMP US Small Cap 500 Volatility Weighted Fund - Cl. I +	532,831
		TOTAL MUTUAL FUNDS (Cost - $10,440,023)	10,867,841
		SHORT-TERM INVESTMENTS - 4.0 %
		MONEY MARKET FUND - 4.0 %
624,036		AIM STIT - Liquid Assets Portfolio, Institutional Class, 0.08% *	624,036
		TOTAL SHORT-TERM INVESTMENTS (Cost - $624,036)
		TOTAL INVESTMENTS - 99.6 % (Cost - $15,175,939) (a)	$                                15,747,963
		OTHER ASSETS LESS LIABILITIES - 0.4 %	59,957
		NET ASSETS - 100.0%	$                                15,807,920
+ Affiliated company.
* Money market fund; interest rate reflects seven day effective yield on March 31, 2015.
(a) Represents cost for financial reporting purposes. Aggregate cost for federal tax purposes is $15,176,965
and differs from the value by net unrealized appreciation/(depreciation) on securities as follows:
	Unrealized appreciation		$                                     631,323
	Unrealized depreciation		(60,325)
	Net unrealized appreciation		$                                     570,998

COMPASS EMP ALTERNATIVE STRATEGIES FUND
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2015
Shares			Value
		EXCHANGE TRADED FUNDS - 7.0 %
		EQUITY FUNDS - 7.0 %
21,281		Compass EMP Developed 500 Enhanced Volatility Weighted Index ETF +	$                                     752,071
38,663		Compass EMP US 100 High Dividend Enhanced Volatility Weighted Index ETF +	1,402,114
37,194		Compass EMP US 500 Enhanced Volatility Weighted Index ETF +	1,386,220
		TOTAL EXCHANGE TRADED FUNDS (Cost - $3,384,532)	3,540,405
		MUTUAL FUNDS - 89.4 %
		ASSET ALLOCATION FUND - 16.9 %
897,759		Compass EMP Market Neutral Income Fund - Cl. I +	8,465,871
		COMMODITY FUNDS - 19.1 %
576,242		Compass EMP Commodity Strategies Enhanced Volatility Weighted Fund - Cl. I +	4,811,620
710,585		Compass EMP Commodity Strategies Volatility Weighted Fund - Cl. I +	4,803,555
			9,615,175
		EQUITY FUNDS - 53.4 %
396,871		Compass EMP International 500 Enhanced Volatility Weighted Fund - Cl. I +	4,504,488
997,099		Compass EMP Long/Short Strategies Fund - Cl. I +	11,496,548
561,282		Compass EMP REC Enhanced Volatility Weighted Fund - Cl. I +	7,105,824
259,830		Compass EMP US 500 Enhanced Volatility Weighted Fund - Cl. I +	3,712,971
			26,819,831
		TOTAL MUTUAL FUNDS (Cost - $45,108,749)	44,900,877
		SHORT-TERM INVESTMENTS - 3.4 %
		MONEY MARKET FUND - 3.4 %
1,701,485		AIM STIT - Liquid Assets Portfolio, Institutional Class, 0.08% *	1,701,485
		TOTAL SHORT-TERM INVESTMENTS (Cost - $1,701,485)
		TOTAL INVESTMENTS - 99.8 % (Cost - $50,194,766) (a)	$                                50,142,767
		OTHER ASSETS LESS LIABILITIES - 0.2 %	92,771
		NET ASSETS - 100.0%	$                                50,235,538
+ Affiliated company.
* Money market fund; interest rate reflects seven day effective yield on March 31, 2015.
(a) Represents cost for financial reporting purposes. Aggregate cost for federal tax purposes is $50,211,116
and differs from the value by net unrealized appreciation/(depreciation) on securities as follows:
	Unrealized appreciation		$                                  2,359,227
	Unrealized depreciation		(2,427,576)
	Net unrealized depreciation		$                                     (68,349)

COMPASS EMP FUNDS TRUST
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Securities valuation – Securities listed on an exchange are valued at the last reported sale price at the close of the regular trading session of the exchange on the business day the value is being determined, or in the case of securities listed on NASDAQ at the NASDAQ Official Closing Price (“NOCP”).  In the absence of a sale such securities shall be valued at the last bid price on the day of valuation.  In unusual circumstances, instead of valuing securities in the usual manner, securities will be valued at their fair market value as determined in good faith by the Trust’s Fair Value Committee and in accordance with the Trust’s Portfolio Securities Valuation Procedures (the “Procedures”).   The Board of Trustees (the “Board”) will review the fair value method in use for securities requiring a fair market value determination at least quarterly. The Procedures consider, among others, the following factors to determine a security’s fair value: the nature and pricing history (if any) of the security; whether any dealer quotations for the security are available; and possible valuation methodologies that could be used to determine the fair value of the security.  Investments in open-end investment companies are valued at net asset value.  Short-term debt obligations having 60 days or less remaining until maturity, at time of purchase, are valued at amortized cost.
Valuation of Fund of Funds - The Funds may invest in portfolios of open-end or closed-end investment companies (the “Underlying Funds”).  The Underlying Funds value securities in their portfolios for which market quotations are readily available at their market values (generally the last reported sale price) and all other securities and assets at their fair value to the methods established by the board of directors of the Underlying Funds.
A Fund may hold securities, such as private placements, interests in commodity pools, other non-traded securities or temporarily illiquid securities, for which market quotations are not readily available or are determined to be unreliable.  These securities will be valued at their fair market value as determined using the “fair value” procedures approved by the Board.  The Board has delegated execution of these procedures to a fair value team composed of one or more officers from each of the (i) Trust, (ii) administrator, and (iii) adviser and/or sub-adviser.  The team may also enlist third party consultants such as an audit firm or financial officer of a security issuer on an as-needed basis to assist in determining a security-specific fair value.  The Board reviews and ratifies the execution of this process and the resultant fair value prices at least quarterly to assure the process produces reliable results.
Fair Valuation Process - This team is composed of one or more officers from each of the (i) Trust, (ii) administrator, and (iii) adviser and/or sub-adviser.  The applicable investments are valued collectively via inputs from each of these groups.  For example, fair value determinations are required for the following securities:  (i) securities for which market quotations are insufficient or not readily available on a particular business day (including securities for which there is a short and temporary lapse in the provision of a price by the regular pricing source), (ii) securities for which, in the judgment of the adviser or sub-adviser, the prices or values available do not represent the fair value of the instrument.  Factors which may cause the adviser or sub-adviser to make such a judgment include, but are not limited to, the following: only a bid price or an asked price is available; the spread between bid and asked prices is substantial; the frequency of sales; the thinness of the market; the size of reported trades; and actions of the securities markets, such as the suspension or limitation of trading; (iii) securities determined to be illiquid; (iv) securities with respect to which an event that will affect the value thereof has occurred (a “significant event”) since the closing prices were established on the principal exchange on which they are traded, but prior to a Fund’s calculation of its net asset value.  Specifically, interests in commodity pools or managed futures pools are valued on a daily basis by reference to the closing market prices of each futures contract or other asset held by a pool, as adjusted for pool expenses.  Restricted or illiquid securities, such as private placements or non-traded securities are valued via inputs from the adviser or sub-adviser based upon the current bid for the security from two or more independent dealers or other parties reasonably familiar with the facts and circumstances of the security (who should take into consideration all relevant factors as may be appropriate under the circumstances).  If the adviser or sub-adviser is unable to obtain a current bid from such independent dealers or other independent parties, the fair value team shall determine the fair value of such security using the following factors: (i) the type of security; (ii) the cost at date of purchase; (iii) the size and nature of the Fund's holdings; (iv) the discount from market value of unrestricted securities of the same class at the time of purchase and subsequent thereto; (v) information as to any transactions or offers with respect to the security; (vi) the nature and duration of restrictions on disposition of the security and the existence of any registration rights; (vii) how the yield of the security compares to similar securities of companies of similar or equal creditworthiness; (viii) the level of recent trades of similar or comparable securities; (ix) the liquidity characteristics of the security; (x) current market conditions; and (xi) the market value of any securities into which the security is convertible or exchangeable.
The Fund utilizes various methods to measure the fair value of most of its investments on a recurring basis.  GAAP establishes a hierarchy that prioritizes inputs to valuation methods.  The three levels of input are:
Level 1 – Unadjusted quoted prices in active markets for identical assets and liabilities that the Portfolios have the ability to access.
Level 2 – Observable inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly or indirectly.  These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
Level 3 – Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Portfolios’ own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.
The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment.  Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.
The inputs used to measure fair value may fall into different levels of the fair value hierarchy.  In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.  The following tables summarize the inputs used as of March 31, 2015 for the Portfolio’s assets and liabilities measured at fair value:
COMPASS EMP FUNDS TRUST
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited) (Continued)
US 500 Volatility Weighted Fund
Assets	Level 1	Level 2	Level 3	Total
Common Stocks	$                             35,609,142	$                                  -	$                             -	$                         35,609,142
Money Market Fund	496,473	-	-	496,473
Collateral for Securities Loaned	4,444,751	-	-	4,444,751
Long Futures Contracts	2,688	-	-	2,688
Total	$                             40,553,054	$                                  -	$                             -	$                         40,553,054
US Small Cap 500 Volatility Weighted Fund
Assets	Level 1	Level 2	Level 3	Total
Common Stocks	$                             16,381,695	$                                  -	$                             -	$                         16,381,695
Money Market Fund	398,347	-	-	398,347
Collateral for Securities Loaned	3,252,662	-	-	3,252,662
Long Futures Contracts	16,230	-	-	16,230
Total	$                             20,048,934	$                                  -	$                             -	$                         20,048,934
International 500 Volatility Weighted Fund
Assets	Level 1	Level 2	Level 3	Total
Common Stocks	$                             21,667,932	$                                  -	$                             -	$                         21,667,932
Rights	3,073	-	-	3,073
Money Market Fund	248,974	-	-	248,974
Collateral for Securities Loaned	209,363	-	-	209,363
Total	$                             22,129,342	$                                  -	$                             -	$                         22,129,342
Liabilities
Long Futures Contracts	$                                      9,088	$                                  -	$                             -	$                                  9,088
Total	$                                      9,088	$                                  -	$                             -	$                                  9,088
Emerging Market 500 Volatility Weighted Fund
Assets	Level 1	Level 2	Level 3	Total
Common Stocks	$                             12,345,798	$                                  -	$                             -	$                         12,345,798
Exchange Traded Funds	1,787,106	-	-	1,787,106
Rights	910	-	-	910
Warrants	2,143	-	-	2,143
Money Market	1,169,907	-	-	1,169,907
Collateral for Securities Loaned	172,500	-	-	172,500
Long Futures Contracts	6,877	-	-	6,877
Total	$                             15,485,241	$                                  -	$                             -	$                         15,485,241
REC Enhanced Volatility Weighted Fund
Assets	Level 1	Level 2	Level 3	Total
REITs	$                             22,639,971	$                                  -	$                             -	$                         22,639,971
Money Market Fund	65,965	-	-	65,965
Collateral for Securities Loaned	4,509,722	-	-	4,509,722
Futures Contracts	4,620	-	-	4,620
Total	$                             27,220,278	$                                  -	$                             -	$                         27,220,278
Long/Short Strategies Fund
Assets	Level 1	Level 2	Level 3	Total
Common Stocks	$                             16,094,038	$                                  -	$                             -	$                         16,094,038
Money Market Fund	1,109,636	-	-	1,109,636
Collateral for Securities Loaned	2,473,515	-	-	2,473,515
Total	$                             19,677,189	$                                  -	$                             -	$                         19,677,189
Liabilities
Futures Contracts	$                                    78,445	$                                  -	$                             -	$                                78,445
Total	$                                    78,445	$                                  -	$                             -	$                                78,445
US 500 Enhanced Volatility Weighted Fund
Assets	Level 1	Level 2	Level 3	Total
Common Stock	$                           205,020,417	$                                    -	$                               -	$                       205,020,417
Exchange Traded Fund	3,046,189	-	-	3,046,189
Money Market Fund	2,178,659	-	-	2,178,659
Collateral for Securities Loaned	34,879,364	-	-	34,879,364
Total	$                           245,124,629	$                                    -	$                               -	$                       245,124,629
Liabilities
Futures Contracts	$                                      4,375	$                                    -	$                               -	$                                  4,375
Total	$                                      4,375	$                                    -	$                               -	$                                  4,375

COMPASS EMP FUNDS TRUST
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited) (Continued)
International 500 Enhanced Volatility Weighted Fund
Assets	Level 1	Level 2	Level 3	Total
Common Stock	$                             70,760,171	$                                  -	$                             -	$                         70,760,171
Rights	10,070	-	-	10,070
Money Market Fund	4,522,556	-	-	4,522,556
Collateral for Securities Loaned	592,637	-	-	592,637
Total	$                             75,885,434	$                                  -	$                             -	$                         75,885,434
Liabilities
Futures Contracts	$                                  111,535	$                                  -	$                             -	$                              111,535
Total	$                                  111,535	$                                  -	$                             -	$                              111,535
Commodity Strategies Enhanced Volatility Weighted Fund
Assets	Level 1	Level 2	Level 3	Total
Mutual Fund	$                                  366,705	$                                  -	$                             -	$                              366,705
Bonds & Notes	-	1,147,097	-	1,147,097
Short-Term Investments	6,602,429	-	-	6,602,429
Total	$                               6,969,134	$                     1,147,097	$                             -	$                           8,116,231
Liabilities
Futures Contracts	$                                  150,222	$                                  -	$                             -	$                              150,222
Total	$                                  150,222	$                                  -	$                             -	$                              150,222
Commodity Strategies Volatility Weighted Fund
Assets	Level 1	Level 2	Level 3	Total
Mutual Funds	$                                  479,132	$                                  -	$                             -	$                              479,132
Bonds & Notes	-	$                     3,808,818		3,808,818
Short-Term Investments	6,861,210	-	-	6,861,210
Total	$                               7,340,342	$                     3,808,818	$                             -	$                         11,149,160
Liabilities
Futures Contracts	$                                  292,891	$                                  -	$                             -	$                              292,891
Total	$                                  292,891	$                                  -	$                             -	$                              292,891
Market Neutral Income Fund
Assets	Level 1	Level 2	Level 3	Total
Common Stock	$                             49,991,997	$                                  -	$                             -	$                         49,991,997
Exchange Traded Funds	925,378	-	-	925,378
Rights	1,451	-	-	1,451
Money Market Fund	7,300,995	-	-	7,300,995
Collateral for Securities loaned	5,433,824	-	-	5,433,824
Total	$                             63,653,645	$                                  -	$                             -	$                         63,653,645
Liabilities
Put Options Written	$                                  325,995	$                                  -	$                             -	$                              325,995
Futures Contracts	1,431,095	-	-	1,431,095
Total	$                               1,757,090	$                                  -	$                             -	$                           1,757,090
Enhanced Fixed Income Fund
Assets	Level 1	Level 2	Level 3	Total
Mutual Funds	$                               1,001,037	$                                  -	$                             -	$                           1,001,037
Bonds & Notes	-	5,728,436	-	5,728,436
Short-Term Investments	14,123,069	-	-	14,123,069
Collateral for Securities Loaned	210,000	-	-	210,000
Futures Contracts	82,084	-	-	82,084
Total	$                             15,416,190	$                     5,728,436	$                             -	$                         21,144,626
Ultra Short-Term Fixed Income Fund
Assets	Level 1	Level 2	Level 3	Total
Short-Term Investments	$                             12,726,705	$                                  -	$                             -	$                         12,726,705
Total	$                             12,726,705	$                                  -	$                             -	$                         12,726,705
Multi-Asset Balanced Fund
Assets	Level 1	Level 2	Level 3	Total
Exchange Traded Funds	$                               6,008,256	$                                  -	$                             -	$                           6,008,256
Mutual Funds	35,657,168	-	-	35,657,168
Money Market Fund	1,741,877	-	-	1,741,877
Total	$                             43,407,301	$                                  -	$                             -	$                         43,407,301
Multi-Asset Growth Fund
Assets	Level 1	Level 2	Level 3	Total
Exchange Traded Funds	$                               4,256,086	$                                  -	$                             -	$                           4,256,086
Mutual Funds	10,867,841	-	-	10,867,841
Money Market Fund	624,036	-	-	624,036
Total	$                             15,747,963	$                                  -	$                             -	$                         15,747,963

COMPASS EMP FUNDS TRUST
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited) (Continued)
Alternative Strategies Fund
Assets	Level 1	Level 2	Level 3	Total
Exchange Traded Funds	$                               3,540,405	$                                  -	$                             -	$                           3,540,405
Mutual Funds	44,900,877	-	-	44,900,877
Money Market Fund	1,701,485	-	-	1,701,485
Total	$                             50,142,767	$                                  -	$                             -	$                         50,142,767
The Fund did not hold any Level 3 securities during the period.
There were no transfers into or out of Level 1 and Level 2 during the period.It is the Fund's Policy to recognize
transfers into and out of Level 1 and Level 2 at the end of the reporting period.
* Refer to the Portfolio of Investments for industry classification.

Financial Futures Contracts – Each Fund may invest in futures contracts to hedge or manage risks associated with the Funds’ securities investments or to gain exposure to certain asset classes or markets.  As required by the 1940 Act, the Funds may purchase or sell futures contracts only if the Funds’ liabilities for the futures position are “covered” by an offsetting position in a futures contract or by the Funds segregating liquid assets equal to the Funds’ liabilities on the futures contract.  Upon entering into a financial futures contract, the Fund is required to pledge to the broker an amount of cash, U.S. government securities or other assets, equal to a certain percentage of the contract amount (initial margin deposit). Subsequent payments, known as "variation margin," are made or received by the Funds upon closing the futures contract. The Funds record an unrealized gain or loss by marking each futures contract to market on a daily basis.  A realized gain or loss is recorded when the contract is closed.  Should market conditions move unexpectedly, the Funds may not achieve the anticipated benefits of the financial futures contracts and may realize a loss. The use of futures transactions involves the risk of imperfect correlation in movements in the price of futures contracts, interest rates and the underlying assets. Futures contracts may have off-balance sheet risk. Off-balance sheet risk exists when the maximum potential loss on a particular financial instrument is greater than the value of such financial instrument, as reflected in the Consolidated Statements of Assets and Liabilities.

Positions in futures contracts may be closed out only on an exchange that provides a secondary market for such futures. However, there can be no assurance that a liquid secondary market will exist for any particular futures contract at any specific time. Thus, it may not be possible to close a futures position.  In the event of adverse price movements, the Funds may be required to make cash payments to maintain their required margin.  In such situations, if the Funds had insufficient cash, they might have to sell portfolio securities to meet margin requirements at a time when it would be disadvantageous to do so.  In addition, the Funds might be required to take delivery of the underlying instruments of futures contracts they hold. The inability to close positions in futures could also have an adverse impact on the Funds’ ability to hedge or manage risks effectively.

Successful use of futures by the Funds is also subject to the Manager’s ability to predict movements correctly in the direction of the market. There is typically an imperfect correlation between movements in the price of the future and movements in the price of the assets that are the subject of the hedge.  In addition, the price of futures may not correlate perfectly with movement in the cash market due to certain market distortions.  Due to the possibility of price distortion in the futures market and because of the imperfect correlation between the movements in the cash market and movements in the price of futures, a correct forecast of general market trends or interest rate movements by the Manager may still not result in a successful hedging transaction over a short time frame.

Exchange Traded Funds – The Funds may invest in exchange traded funds (“ETFs”).  ETFs are a type of index fund bought and sold on a securities exchange.  An ETF trades like common stock and represents a fixed portfolio of securities designed to track the performance and dividend yield of a particular domestic or foreign market index.  A Fund may purchase an ETF to temporarily gain exposure to a portion of the U.S. or a foreign market while awaiting purchase of underlying securities.  The risks of owning an ETF generally reflect the risks of owning the underlying securities they are designed to track, although the lack of liquidity on an ETF could result in it being more volatile.  Additionally, ETFs have fees and expenses that reduce their value.  

Option Transactions – The Fund is subject to equity price risk and commodity price risk in the normal course of pursuing its investment objective and may purchase or sell options to help hedge against risk.  When the Fund writes a call option, an amount equal to the premium received is included in the statement of assets and liabilities as a liability.  The amount of the liability is subsequently marked-to-market to reflect the current market value of the option.  If an option expires on its stipulated expiration date or if the Fund enters into a closing purchase transaction, a gain or loss is realized.  If a written call option is exercised, a gain or loss is realized for the sale of the underlying security and the proceeds from the sale are increased by the premium originally received.  As writer of an option, the Fund has no control over whether the option will be exercised and, as a result, retains the market risk of an unfavorable change in the price of the security underlying the written option.

The Fund may purchase put and call options.  Put options are purchased to hedge against a decline in the value of securities held in the Fund’s portfolio.  If such a decline occurs, the put options will permit the Fund to sell the securities underlying such options at the exercise price, or to close out the options at a profit.  The premium paid for a put or call option plus any transaction costs will reduce the benefit, if any, realized by the Fund upon exercise of the option, and, unless the price of the underlying security rises or declines sufficiently, the option may expire worthless to the Fund.  In addition, in the event that the price of the security in connection with which an option was purchased moves in a direction favorable to the Fund, the benefits realized by the Fund as a result of such favorable movement will be reduced by the amount of the premium paid for the option and related transaction costs.  Written and purchased options are non-income producing securities.  With purchased options, there is minimal counterparty risk to the Fund since these options are exchange traded and the exchange’s clearinghouse, as counterparty to all exchange traded options, guarantees against a possible default.

Investments in Wholly-Owned Subsidiaries – The financial statements of the Commodity Long/Short Strategies Fund and Commodity Strategies Volatility Weighted Fund are consolidated and include the accounts of CEMPCLSSF Fund Ltd. and CEMPCSVWF Fund Ltd., respectively, each wholly-owned and controlled Cayman Islands subsidiary (the “Subsidiaries”), which invest in commodity futures and other investments intended to serve as margin or collateral for the Subsidiaries’ derivatives positions. The Funds wholly own and control the Subsidiaries, and the Funds and Subsidiaries are both managed by Compass.  Significant intercompany accounts and transactions have been eliminated in consolidation for the Funds. The accompanying financial statements reflect the financial positions of the Funds and the results of operations on a consolidated basis with the Subsidiaries. The Funds may invest up to 25% of their total assets at the end of each fiscal quarter in their respective Subsidiaries which act as investment vehicles in order to effect certain investments consistent with the Funds’ investment objectives and policies.

Item 2. Controls and Procedures.

(a) The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended.

(b) There were no significant changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

Certifications required by Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) (and Item 3 of Form N-Q) are filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Compass EMP Funds Trust

By

*/s/ Christopher K. Dyer

Christopher K. Dyer, President

Date 5/28/2015

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By

*/s/ Christopher K. Dyer

Christopher K Dyer, President

Date 5/28/2015

By

*/s/ Christopher A. Ponte

Christopher A. Ponte, Treasurer

Date 5/28/2015