Schedule of Investments | |||||||
December 30, 2022 (unaudited) | |||||||
Greenwich Ivy Long-Short Fund | |||||||
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| Shares or Principal |
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Security Description |
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| Amount ($) |
| Fair Value ($)(1) | ||
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Common Stocks - 50.98% | |||||||
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Air Courier Services - 1.03% |
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FedEx Corp. (3) |
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| 1,211 |
| 209,745 | |
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Aircraft - 0.38% |
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Boeing Co. (2) (3) |
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| 410 |
| 78,101 | |
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Auto Manufacturers - 0.07% |
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Aston Martin Lagonda Global Holdings PLC (United Kingdom) (2) |
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| 9,234 |
| 17,208 | ||
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Biological Products (No Diagnostic Substances) - 3.65% |
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Achilles Therapeutics PLC (2) |
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| 71,927 |
| 64,734 | ||
Athira Pharma, Inc. (2) |
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| 16,420 |
| 52,052 | |
Cardiff Oncology, Inc. (2) |
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| 50,968 |
| 71,355 | |
Century Therapeutics, Inc. (2) |
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| 15,107 |
| 77,499 | ||
Exscientia plc (2) |
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| 9,442 |
| 50,326 | |
Finch Therapeutics Group, Inc. (2) |
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| 140,288 |
| 67,338 | ||
Fusion Pharmaceuticals, Inc. (2) |
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| 20,419 |
| 64,320 | ||
Instil Bio, Inc. (2) |
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| 114,464 |
| 72,112 | |
Invivyd, Inc. (2) |
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| 53,880 |
| 80,820 | |
Precision Biosciences, Inc. (2) |
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| 58,363 |
| 69,452 | ||
TCR2 Therapeutics, Inc. (2) |
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| 71,616 |
| 71,530 | ||
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| 741,538 |
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Cable & Other Pay Television Services - 1.03% |
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Comcast Corp. Class A (3) |
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| 5,966 |
| 208,631 | |
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Cigarettes - 0.77% |
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Altria Group, Inc. (3) |
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| 3,423 |
| 156,465 | |
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Computer Peripheral Equipment, Nec - 0.04% |
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Markforged Holding Corporation (2) |
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| 7,022 |
| 8,146 | ||
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Computer Storage Devices - 0.43% |
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NetApp, Inc. |
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| 1,448 |
| 86,967 |
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Construction - Special Trade Contractors - 0.09% |
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Matrix Service Co. (2) |
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| 2,870 |
| 17,851 | |
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Consumer Finance - 0.81% |
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ECN Capital Corp. (Canada) |
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| 80,220 |
| 163,465 | ||
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Deep Sea Foreign Transportation of Freight - 0.93% |
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Atlas Corp. |
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| 12,219 |
| 187,439 |
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Entertainment- 0.88% |
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Vivendi SE (2) |
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| 19,986 |
| 178,155 | |
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Entertainment Facilities - 0.25% |
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Thunderbird Entertainment Group, Inc. (Canada) (2) |
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| 20,004 |
| 50,510 | ||
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Fabricated Plate Work (Boiler Shops) - 1.84% |
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Chart Industries, Inc. (2) (3) |
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| 3,240 |
| 373,345 | ||
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Finance Services - 2.33% |
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CI Financial Corp. |
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| 17,903 |
| 178,572 | |
Conduit Holdings, Ltd. (Bermuda) (2) |
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| 14,888 |
| 77,083 | ||
Euronext NV (2) |
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| 3,118 |
| 215,641 | |
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| 471,296 |
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Footware and Accessories - 0.46% |
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adidas AG (Germany) (2) |
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| 681 |
| 92,901 | |
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Furnishings, Fixtures & Appliances - 0.41% |
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Victoria PLC (United Kingdom) (2) |
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| 14,255 |
| 82,945 | ||
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Gambling - 0.14% |
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Pollard Banknote, Ltd. (Canada) |
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| 1,949 |
| 27,513 | ||
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Hotels & Motels - 0.95% |
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Accor SA (France) (2) |
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| 5,168 |
| 129,154 | |
Travel & Leisure Co. (3) |
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| 1,738 |
| 63,263 | |
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| 192,417 |
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Internet Retail - 0.33% |
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Delivery Hero SE (Germany) (2) |
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| 1,376 |
| 65,948 | ||
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Investment Advice - 1.67% |
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Apollo Global Management, Inc. Class A (3) |
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| 989 |
| 63,088 | ||
Carlyle Group, Inc. (3) |
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| 9,221 |
| 275,155 | |
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| 338,243 |
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Laboratory Analytical Instruments - 0.35% |
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EyePoint Pharmaceuticals, Inc. (2) |
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| 20,166 |
| 70,581 | ||
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Media & Entertainment - 0.11% |
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Warner Bros. Discovery, Inc. Series A |
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| 2,260 |
| 21,425 | ||
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Mobile Homes - 1.75% |
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Cavco Industries, Inc. (3) |
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| 789 |
| 178,511 | |
Skyline Champion Corporation (3) |
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| 3,417 |
| 176,010 | ||
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| 354,521 |
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Motor Vehicles & Passenger Car Bodies - 0.55% |
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Stellantis N.V. (Netherlands) (3) |
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| 7,800 |
| 110,760 | ||
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Motors & Generators - 1.11% |
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Generac Holdings Inc. (2) |
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| 2,239 |
| 225,378 | |
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National Commercial Banks - 4.69% |
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Fifth Third Bancorp |
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| 6,632 |
| 217,596 | |
JPMorgan Chase & Co. (3) |
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| 2,010 |
| 269,541 | |
KeyCorp (2) |
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| 9,357 |
| 162,999 |
PNC Financial Services Group, Inc. (2) |
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| 1,896 |
| 299,454 | ||
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| 949,590 |
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Oil & Gas - 0.41% |
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Parex Resources, Inc. (Canada) |
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| 3,793 |
| 56,428 | ||
Whitecap Resources, Inc. (Canada) |
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| 3,296 |
| 26,135 | ||
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| 82,563 |
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Oil & Gas Field Services, NEC- 0.60% |
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Core Laboratories N.V (Netherlands) |
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| 5,976 |
| 121,134 | ||
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Operative Builders - 0.53% |
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M.D.C. Holdings, Inc. (3) |
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| 3,397 |
| 107,345 | |
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Orthopedic, Prosthetic & Surgical Appliances & Supplies - 1.17% |
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Smith & Nephew PLC |
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| 8,836 |
| 237,600 | |
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Pharmaceutical Preparations - 2.64% |
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Biohaven Ltd. (2) |
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| 1,018 |
| 14,130 | |
Chimerix, Inc. (2) |
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| 32,051 |
| 59,615 | |
Connect Biopharma Holdings Limited (2) |
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| 14,588 |
| 12,659 | ||
Cyteir Therapeutics, Inc. (2) |
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| 39,828 |
| 65,716 | ||
EQRx, Inc. (2) |
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| 23,690 |
| 58,277 |
I-Mab (2) |
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| 5,764 |
| 24,094 |
Nkarta, Inc. (2) |
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| 11,332 |
| 67,879 | |
Pardes Biosciences, Inc. (2) |
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| 47,088 |
| 79,579 | ||
Syros Pharmaceuticals, Inc. (2) |
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| 23,261 |
| 83,507 | ||
XBiotech Inc. (2) |
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| 19,651 |
| 68,975 | |
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| 534,431 |
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Pipe Lines (No Natural Gas) - 0.56% |
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Enbridge, Inc. (Canada) |
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| 2,883 |
| 112,641 | |
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Plastic Materials, Synth Resins & Nonvulcan Elastomers - 0.39% |
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PureCycle Technologies, Inc. (2) |
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| 11,796 |
| 79,741 | ||
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Railroads, Line-Haul Operating - 0.71% |
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Canadian National Railway Co. (Canada) |
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| 1,218 |
| 144,635 | ||
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Real Estate Agents & Managers - 0.25% |
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Opendoor Technologies Inc. (2) |
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| 43,952 |
| 50,984 | ||
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Retail-Eating Places - 3.50% |
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Barratt Developments plc (2) |
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| 44,097 |
| 211,670 | ||
Bellway p.l.c. (2) |
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| 6,618 |
| 152,710 | |
Persimmon plc (2) |
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| 13,588 |
| 200,043 | |
Taylor Wimpey plc (2) |
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| 116,930 |
| 143,784 | |
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| 708,207 |
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Retail - Auto Dealers & Gasoline Stations - 0.50% |
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CarMax, Inc. (2) |
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| 1,654 |
| 100,712 | |
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Retail - Discretionary- 0.06% |
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Asos PLC (2) |
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| 2,053 |
| 12,678 |
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Retail-Eating Places - 0.23% |
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Brinker International, Inc. (2) (3) |
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| 1,439 |
| 45,918 | ||
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Semiconductors &Related Devices - 0.70% |
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Magnachip Semiconductor Corporation (2) |
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| 4,364 |
| 40,978 | ||
Micron Technology, Inc. |
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| 2,032 |
| 101,559 | |
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| 142,537 |
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Services-Amusement & Recreation Services - 0.49% |
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Madison Square Garden Entertainment Corp. Class A (2) |
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| 2,209 |
| 99,339 | ||
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Services - Business Services, Nec - 2.73% |
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Fidelity National Information Services, Inc. (3) |
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| 7,327 |
| 497,137 | ||
Uber Technologies, Inc. (2) (3) |
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| 2,275 |
| 56,261 | ||
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| 553,398 |
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Services - Computer Integrated Systems Design - 0.17% |
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ASA International Group PLC (United Kingdom) (2) |
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| 30,432 |
| 34,237 | ||
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Services - Computer Processing & Data Preparation - 1.13% |
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E2open Parent Holdings, Inc. (2) (3) |
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| 21,370 |
| 125,442 | ||
Kyndryl Holdings, Inc. (2) (3) |
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| 9,275 |
| 103,138 | ||
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| 228,580 |
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Services - Computer Programming, Data Processing, Etc. - 2.07% |
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Magnite, Inc. (2) (3) |
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| 5,611 |
| 59,420 | |
Meta Platforms, Inc. Class A (2) (3) |
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| 1,955 |
| 235,265 | ||
Pinterest, Inc. Class A (2) (3) |
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| 3,483 |
| 84,567 | ||
TripAdvisor, Inc. Class A (2) |
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| 2,271 |
| 40,833 | ||
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| 420,085 |
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Services - Health Services - 0.11% |
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Sema4 Holdings, Corp. (2) |
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| 80,841 |
| 21,326 | |
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Services - Miscellaneous Business Services - 0.26% |
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Sea, Ltd. ADR (2) (3) |
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| 1,007 |
| 52,394 | |
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Services - Prepackaged Software - 1.10% |
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Microsoft Corp. (3) |
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|
| 929 |
| 222,793 | |
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Specialty Chemicals - 1.00% |
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LANXESS AG (Germany) (2) |
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| 5,045 |
| 203,564 | ||
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Sporting & Athletic Goods, NEC - 0.25% |
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American Outdoor Brands, Inc. (2) (3) |
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| 5,146 |
| 51,563 | ||
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State Commercial Banks - 0.95% |
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Bank of New York Mellon Corp. (3) |
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| 4,233 |
| 192,686 | ||
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Telephone Communications (No Radiotelephone) - 0.85% |
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AT&T, Inc. (3) |
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| 9,344 |
| 172,023 | |
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Utilities - 0.57% |
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Enel SpA (Italy) (2) |
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| 21,406 |
| 115,239 | |
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Total Common Stock |
|
|
| (Cost $ 10,769,627) |
| 10,329,437 | |
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Exchange Traded Funds - (5) 41.60% | |||||||
|
|
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ARK Innovation ETF (2) |
|
|
| 3,298 |
| 103,030 | |
Industrial Select Sector SPDR Fund (2) |
|
| 200 |
| 19,642 | ||
Invesco QQQ Trust (3) |
|
|
| 2,040 |
| 543,211 | |
iShares 20+ Year Treasury Bond ETF (3) |
|
| 15,579 |
| 1,551,045 | ||
iShares MSCI Germany ETF (3) |
|
| 2,586 |
| 63,952 | ||
iShares MSCI Japan ETF |
|
|
| 3,985 |
| 216,943 | |
PIMCO 25+ Year Zero Coupon US Treasury Index ETF (3) |
|
| 4,482 |
| 391,368 | ||
SPDR S&P Software & Services ETF |
|
| 6,046 |
| 657,321 | ||
Vanguard S&P 500 ETF (2) |
|
| 2,812 |
| 987,968 | ||
Vanguard FTSE Europe ETF |
|
| 1,926 |
| 106,778 | ||
WisdomTree Cloud Computing Fund ETF (2) (3) |
|
| 151,036 |
| 3,787,983 | ||
|
|
|
| ||||
Total Exchange Traded Funds | (Cost $ 8,645,711) |
| 8,429,241 | ||||
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|
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|
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Real Estate Investment Trusts - 2.02% | |||||||
|
|
|
| ||||
Blackstone Mortgage Investment Trust, Inc. Class A | 2,213 |
| 46,849 | ||||
KKR Real Estate Finance Trust, Inc. | 7,049 |
| 98,404 | ||||
Store Capital Corp. (3) | 7,566 |
| 242,566 | ||||
Whitestone REIT Class B (3) | 2,149 |
| 20,717 | ||||
|
|
|
| ||||
Total Real Estate Investment Trusts | (Cost $ 493,419) |
| 408,536 | ||||
|
|
|
| ||||
Preferred Securities - 3.11% |
|
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| ||||
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|
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Life Insurance - 0.11% |
|
|
|
|
|
| |
Metlife, Inc., 5.475%, Non-Cumulative Pfd, 02/09/2023 |
|
| 1,020 |
| 22,155 | ||
|
|
|
|
|
|
|
|
Electric & Other Services Combined - 0.10% |
|
|
|
|
| ||
Duke Energy Corp., 5.750%, Cumulative Pfd, 06/15/2024 |
|
| 887 |
| 20,747 | ||
|
|
|
|
|
|
|
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Fire, Marine & Casualty Insurance - 0.49% |
|
|
|
|
| ||
Allstate Corp., 5.100%, Non-Cumulative Pfd, 10/15/2024 (2) |
|
| 5,004 |
| 99,129 | ||
|
|
|
|
|
|
|
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Real Estate Investment Trusts - 0.70% |
|
|
|
|
| ||
Public Storage, 3.875%, Cumulative Pfd, 10/06/2025 |
|
| 5,449 |
| 88,655 | ||
Public Storage, 5.600%, Cumulative Pfd, 03/11/2024 |
|
| 2,323 |
| 54,103 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 142,758 |
Security Brokers, Dealers & Flotation Companies - 0.76% |
|
|
|
|
| ||
Goldman Sachs Group, Inc., 5.342%, Non-Cumulative Pfd, 12/09/2023 (2) |
|
| 8,396 |
| 154,570 | ||
|
|
|
|
|
|
|
|
Telephone Communications (No Radiotelephone) - 0.95% |
|
|
|
|
| ||
AT&T, Inc., 5.000%, Cumulative Pfd, 12/12/2024 (2) |
|
| 5,600 |
| 102,760 | ||
AT&T, Inc., 4.750%, Cumulative Pfd, 02/18/2025 (2) |
|
| 5,096 |
| 88,874 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 191,634 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Preferred Securities | (Cost $ 625,307) |
| 630,993 | ||||
|
|
|
|
|
|
|
|
Money Market Registered Investment Companies - 2.71% | |||||||
|
|
|
| ||||
First American Treasury Obligations Fund Class X - 4.19% | 548,156 |
| 548,156 | ||||
|
|
|
| ||||
Total Money Market Registered Investment Companies | (Cost $ 548,156) |
| 548,156 | ||||
|
|
|
| ||||
|
|
|
| ||||
Total Investments - 101.25% | (Cost $ 21,283,635) |
| 20,514,891 | ||||
|
|
|
| ||||
Liabilities in Excess of Other Assets - -1.25% |
|
| (253,378) | ||||
|
|
|
| ||||
Total Net Assets - 100.00% |
|
| 20,261,513 | ||||
|
|
|
|
|
|
|
|
Options |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Long (Short) |
| Notional Value of |
| Fair |
|
|
| Contracts | Expiration Date | Contracts ($) |
| Value ($) |
Call Options |
|
|
|
|
|
|
|
Chart Industries, Inc., Strike $160.00 | 11 | 6/16/2023 | 176,000 |
| 8,492 | ||
Wisdom Tree Cloud Computing Fund ETF, Strike $19.00 | 77 | 6/16/2023 | 146,300 |
| 54,670 | ||
Wisdom Tree Cloud Computing Fund ETF, Strike $20.00 | 87 | 3/17/2023 | 174,000 |
| 49,590 | ||
|
|
|
|
|
|
|
|
Put Options |
|
|
|
|
|
|
|
Celsius Holdings, Inc., Strike $85.00 | 11 | 1/19/2024 | 93,500 |
| 19,030 | ||
Energy Select Sector SPDR, Strike $80.00 | 79 | 1/20/2023 | 632,000 |
| 3,871 | ||
Energy Select Sector SPDR, Strike $95.00 | 11 | 6/21/2024 | 104,500 |
| 21,835 | ||
Energy Select Sector SPDR, Strike $80.00 | 46 | 3/17/2023 | 368,000 |
| 11,040 | ||
|
|
|
|
|
|
|
|
|
|
| 322 |
| 1,694,300 |
| 168,528 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
Common Stock Securities Sold Short - -84.20% | |||||||
|
|
|
| ||||
Aircraft - -1.25% |
|
|
|
|
|
| |
AeroVironment, Inc. (2) |
|
|
| (2,938) |
| (251,669) | |
|
|
|
|
|
|
|
|
Apparel, Footwear & Acc Design - -1.29% |
|
|
|
|
| ||
Hermes International S.C.A. (2) |
|
| (169) |
| (261,368) | ||
|
|
|
|
|
|
|
|
Beverages - -1.79% |
|
|
|
|
|
| |
PepsiCo, Inc. |
|
|
|
| (2,008) |
| (362,765) |
|
|
|
|
|
|
|
|
Bottled & Canned Soft Drinks Carbonated Waters - -1.02% |
|
|
|
|
| ||
Celsius Holdings, Inc. (2) |
|
|
| (1,991) |
| (207,144) | |
|
|
|
|
|
|
|
|
Canned, Frozen & Preserved Fruit, Veg & Food Specialties - -3.31% |
|
|
|
|
| ||
Lamb Weston Holdings, Inc. |
|
| (2,538) |
| (226,796) | ||
Lancaster Colony Corp. |
|
|
| (2,252) |
| (444,319) | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (671,115) |
|
|
|
|
|
|
|
|
Canned, Fruits, Veg, Preserves, Jams & Jellies - -3.94% |
|
|
|
|
| ||
The JM Smucker Company |
|
|
| (5,037) |
| (798,163) | |
|
|
|
|
|
|
|
|
Communications Equipment, NEC - -2.07% |
|
|
|
|
| ||
Iridium Communications, Inc. (2) |
|
| (8,169) |
| (419,887) | ||
|
|
|
|
|
|
|
|
Construction Machinery & Equip - -2.32% |
|
|
|
|
| ||
Caterpillar Inc. (2) |
|
|
| (1,963) |
| (470,256) | |
|
|
|
|
|
|
|
|
Deep Sea Foreign Transportation of Freight - -0.47% |
|
|
|
|
| ||
Scorpio Tankers Inc. |
|
|
| (1,784) |
| (95,926) | |
|
|
|
|
|
|
|
|
Farm Machinery & Equipment - -2.02% |
|
|
|
|
| ||
Deere & Company |
|
|
| (953) |
| (408,608) | |
|
|
|
|
|
|
|
|
Finance Services - -1.50% |
|
|
|
|
| ||
FactSet Research Systems Inc. |
|
| (758) |
| (304,117) | ||
|
|
|
|
|
|
|
|
Fire, Marine & Casualty Insurance - -1.71% |
|
|
|
|
| ||
The Progressive Corporation |
|
| (2,676) |
| (347,104) | ||
|
|
|
|
|
|
|
|
Food and Kindred Products - -3.92% |
|
|
|
|
| ||
Campbell Soup Company (2) |
|
| (14,013) |
| (795,238) | ||
|
|
|
|
|
|
|
|
Glass Containers - -0.34% |
|
|
|
|
| ||
O-I Glass, Inc. (2) |
|
|
| (4,123) |
| (68,318) | |
|
|
|
|
|
|
|
|
Grain Mill Products - -7.29% |
|
|
|
|
| ||
General Mills, Inc. |
|
|
| (11,522) |
| (966,119) | |
Kellogg Company |
|
|
| (1,703) |
| (121,322) | |
Post Holdings, Inc. (2) |
|
|
| (4,322) |
| (390,104) | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1,477,545) |
|
|
|
|
|
|
|
|
Industrial Inorganic Chemicals - -3.98% |
|
|
|
|
| ||
Air Products & Chemicals, Inc. |
|
| (1,302) |
| (401,355) | ||
Linde PLC (2) |
|
|
|
| (1,243) |
| (405,442) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (806,797) |
|
|
|
|
|
|
|
|
Insurance Agents, Brokers & Service - -1.66% |
|
|
|
|
| ||
Erie Indemnity Company Class A (2) |
|
| (1,354) |
| (336,767) | ||
|
|
|
|
|
|
|
|
Investment Advice - -0.10% |
|
|
|
|
| ||
Value Line, Inc. |
|
|
| (407) |
| (20,708) | |
|
|
|
|
|
|
|
|
Motorcycles, Bicycles & Parts - -1.44% |
|
|
|
|
| ||
Harley-Davidson, Inc. |
|
|
| (7,034) |
| (292,614) | |
|
|
|
|
|
|
|
|
Motor Vehicles & Passenger Car Bodies - -0.56% |
|
|
|
|
| ||
PACCAR Inc. |
|
|
|
| (1,142) |
| (113,024) |
|
|
|
|
|
|
|
|
Paper Mills - -0.40% |
|
|
|
|
|
| |
Sylvamo Corporation (2) |
|
|
| (1,663) |
| (80,805) | |
|
|
|
|
|
|
|
|
Perfumes, Cosmetics & Other Toilet Preparations - -0.75% |
|
|
|
|
| ||
e.l.f. Beauty, Inc. (2) |
|
|
| (2,750) |
| (152,075) | |
|
|
|
|
|
|
|
|
Radiotelephone Communications - -0.27% |
|
|
|
|
| ||
T-Mobile US, Inc. (2) |
|
|
| (385) |
| (53,900) | |
|
|
|
|
|
|
|
|
Railroad Equipment - -2.01% |
|
|
|
|
| ||
Westinghouse Air Brake Technologies Corp. (2) |
|
| (4,072) |
| (406,426) | ||
|
|
|
|
|
|
|
|
Retail - Auto & Home Supply Stores - -4.31% |
|
|
|
|
| ||
AutoZone, Inc. (2) |
|
|
| (177) |
| (436,514) | |
O'Reilly Automotive, Inc. (2) |
|
| (518) |
| (437,208) | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (873,722) |
|
|
|
|
|
|
|
|
Retail-Eating Places - -1.40% |
|
|
|
|
| ||
Wingstop Inc. |
|
|
|
| (2,056) |
| (282,947) |
|
|
|
|
|
|
|
|
Retail - Family Clothing Stores - -4.11% |
|
|
|
|
| ||
Ross Stores, Inc. (2) |
|
|
| (3,607) |
| (418,664) | |
The TJX Companies, Inc. (2) |
|
| (5,213) |
| (414,955) | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (833,619) |
|
|
|
|
|
|
|
|
Retail-Retail Stores, Nec - -2.10% |
|
|
|
|
| ||
Ulta Beauty, Inc. (2) |
|
|
| (906) |
| (424,977) | |
|
|
|
|
|
|
|
|
Retail - Variety Stores - -1.20% |
|
|
|
|
| ||
BJ's Wholesale Club Holdings, Inc. (2) |
|
| (1,726) |
| (114,192) | ||
Dollar General Corporation |
|
| (520) |
| (128,050) | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (242,242) |
|
|
|
|
|
|
|
|
Rubber & Plastics Footwear - -2.16% |
|
|
|
|
| ||
Deckers Outdoor Corporation (2) |
|
| (1,096) |
| (437,479) | ||
|
|
|
|
|
|
|
|
Security & Commodity Brokers, Dealers, Exchanges & Services - -0.50% |
|
|
|
| |||
LPL Financial Holdings, Inc. |
|
| (465) |
| (100,519) | ||
|
|
|
|
|
|
|
|
Semiconductors & Related Devices - -0.51% |
|
|
|
|
| ||
First Solar, Inc. (2) |
|
|
| (692) |
| (103,655) | |
|
|
|
|
|
|
|
|
Services-Business Services, Nec - -2.05% |
|
|
|
|
| ||
Fair Isaac Corp. (2) |
|
|
| (693) |
| (414,816) | |
|
|
|
|
|
|
|
|
Services-Computer Integrated Systems Design - -1.68% |
|
|
|
|
| ||
Parsons Corporation (2) |
|
|
| (7,340) |
| (339,475) | |
|
|
|
|
|
|
|
|
Services-Computer Processing & Data Preparation - -1.34% |
|
|
|
|
| ||
Automatic Data Processing, Inc. |
|
| (1,137) |
| (271,584) | ||
|
|
|
|
|
|
|
|
Services - Computer Programming, Data Processing, Etc. - -0.46% |
|
|
|
|
| ||
Aspen Technology, Inc. (2) |
|
| (456) |
| (93,662) | ||
|
|
|
|
|
|
|
|
Services-Detective, Guard & Armored Car Services - -0.49% |
|
|
|
|
| ||
ADT, Inc. |
|
|
|
| (10,903) |
| (98,890) |
|
|
|
|
|
|
|
|
Services-Home Health Carae Services - -0.63% |
|
|
|
|
| ||
Option Care Health, Inc. (2) |
|
| (4,256) |
| (128,063) | ||
|
|
|
|
|
|
|
|
Services-Management Consulting Services - -0.77% |
|
|
|
|
| ||
Booz Allen Hamilton Holding Corp. (2) |
|
| (1,487) |
| (155,421) | ||
|
|
|
|
|
|
|
|
Services-Management Services - -0.28% |
|
|
|
|
| ||
Evolent Health, Inc. Class A (2) |
|
| (2,014) |
| (56,553) | ||
|
|
|
|
|
|
|
|
Services - To Dwellings & Other Buildings - -1.76% |
|
|
|
|
| ||
Rollins, Inc. |
|
|
|
| (9,775) |
| (357,179) |
|
|
|
|
|
|
|
|
Sugar & Confectionery Products - -2.12% |
|
|
|
|
| ||
The Hershey Company |
|
|
| (1,852) |
| (428,868) | |
|
|
|
|
|
|
|
|
Telephone & Telegraph Apparatus - -0.44% |
|
|
|
|
| ||
Clearfield, Inc. (2) |
|
|
| (954) |
| (89,810) | |
|
|
|
|
|
|
|
|
Trucking (No Local) - -1.39% |
|
|
|
|
| ||
Landstar System, Inc. |
|
|
| (1,728) |
| (281,491) | |
|
|
|
|
|
|
|
|
Wholesale-Drugs Proprietaries & Druggists' Sundries - -7.57% |
|
|
|
|
| ||
AmerisourceBergen Corp. (2) |
|
| (3,400) |
| (563,414) | ||
McKesson Corporation |
|
|
| (2,587) |
| (970,435) | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1,533,849) |
|
|
|
|
|
|
|
|
Wholesale-Durable Goods - -1.52% |
|
|
|
|
| ||
W.W. Grainger, Inc. |
|
|
| (554) |
| (308,163) | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stocks Sold Short | (Cost $ -16,647,600) |
| (17,059,323) | ||||
|
|
|
| ||||
|
|
|
| ||||
Exchange- Traded Funds Sold Short (5) - -4.07% | |||||||
|
|
|
| ||||
Consumer Staples Select Sector SPDR Fund |
|
| (285) |
| (21,247) | ||
Energy Select Sector SPDR Fund |
|
| (256) |
| (22,392) | ||
iShares MSCI India ETF (2) |
|
| (15,684) |
| (654,650) | ||
SPDR Dow Jones Industrial Average ETF Trust |
|
| (315) |
| (104,369) | ||
Utilities Select Sector SPDR Fund |
|
| (311) |
| (21,926) | ||
|
|
|
|
|
|
|
|
|
|
|
| ||||
Total Exchange-Traded Funds | (Cost $ -854,960) |
| (824,584) | ||||
|
|
|
| ||||
|
|
|
|
|
|
|
|
(1) Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments. | |||||||
These inputs are summarized in the three broad levels listed below. | |||||||
Level 1 - quoted prices in active markets for identical securities | |||||||
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | |||||||
Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | |||||||
| |||||||
The following is a summary of the inputs used as of December 30, 2022 in valuing the Fund's assets carried at fair value: | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments in |
| Other Financial |
Valuation Inputs |
|
|
| Securities |
| Instruments (6) | |
Level 1 - Quoted Prices |
|
| $ | 20,514,891 | $ | 0 | |
Level 2 - Other Significant Observable Inputs |
|
| 0 |
| - | ||
Level 3 - Significant Unobservable Inputs |
|
| - |
| - | ||
Total |
|
|
| $ | 20,514,891 | $ | 0 |
|
|
|
|
|
|
|
|
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | |||||||
debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment | |||||||
Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | |||||||
market, such securities are reflected as Level 2. | |||||||
|
|
|
|
|
|
|
|
ADR - American Depository Receipt |
|
|
|
|
| ||
(2) Represents non-income producing securities. | |||||||
(3) All or a portion of this security is held as collateral for securities sold short. Total fair value of collateral for securities sold short is $9,941,155.85 | |||||||
(4) Variable rate security; the rate shown represents the yield at December 30, 2022. | |||||||
(5) Exchange-traded fund. |