NPORT-EX 2 greenwichnportex22.htm Converted by EDGARwiz




Schedule of Investments

 December 30, 2022 (unaudited)

Greenwich Ivy Long-Short Fund

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares or Principal

 

 

Security Description

 

 

Amount ($)

 

Fair Value ($)(1)

 

 

 

 

 

 

Common Stocks - 50.98%

 

 

 

 

 

 

 

 

Air Courier Services - 1.03%

 

 

 

 

 

FedEx Corp.  (3)

 

 

 

1,211

 

209,745

 

 

 

 

 

 

 

 

Aircraft - 0.38%

 

 

 

 

 

 

Boeing Co.  (2)  (3)

 

 

 

410

 

78,101

 

 

 

 

 

 

 

 

Auto Manufacturers - 0.07%

 

 

 

 

 

Aston Martin Lagonda Global Holdings PLC (United Kingdom)  (2)

 

 

9,234

 

17,208

 

 

 

 

 

 

 

 

Biological Products (No Diagnostic Substances) - 3.65%

 

 

 

 

 

Achilles Therapeutics PLC (2)

 

 

71,927

 

64,734

Athira Pharma, Inc. (2)

 

 

 

16,420

 

52,052

Cardiff Oncology, Inc. (2)

 

 

 

50,968

 

71,355

Century Therapeutics, Inc. (2)

 

 

15,107

 

77,499

Exscientia plc (2)

 

 

 

9,442

 

50,326

Finch Therapeutics Group, Inc. (2)

 

 

140,288

 

67,338

Fusion Pharmaceuticals, Inc. (2)

 

 

20,419

 

64,320

Instil Bio, Inc. (2)

 

 

 

114,464

 

72,112

Invivyd, Inc. (2)

 

 

 

53,880

 

80,820

Precision Biosciences, Inc. (2)

 

 

58,363

 

69,452

TCR2 Therapeutics, Inc. (2)

 

 

71,616

 

71,530

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

741,538

 

 

 

 

 

 

 

 

Cable & Other Pay Television Services - 1.03%

 

 

 

 

 

Comcast Corp. Class A (3)

 

 

 

5,966

 

208,631

 

 

 

 

 

 

 

 

Cigarettes - 0.77%

 

 

 

 

 

 

Altria Group, Inc.  (3)

 

 

 

3,423

 

156,465

 

 

 

 

 

 

 

 

Computer Peripheral Equipment, Nec - 0.04%

 

 

 

 

 

Markforged Holding Corporation (2)

 

 

7,022

 

8,146

 

 

 

 

 

 

 

 

Computer Storage Devices - 0.43%

 

 

 

 

 

NetApp, Inc.

 

 

 

 

1,448

 

86,967

 

 

 

 

 

 

 

 

Construction - Special Trade Contractors - 0.09%

 

 

 

 

 

Matrix Service Co.  (2)

 

 

 

2,870

 

17,851

 

 

 

 

 

 

 

 

 Consumer Finance - 0.81%

 

 

 

 

 

ECN Capital Corp. (Canada)

 

 

80,220

 

163,465

 

 

 

 

 

 

 

 

Deep Sea Foreign Transportation of Freight - 0.93%

 

 

 

 

 

Atlas Corp.

 

 

 

 

12,219

 

187,439

 

 

 

 

 

 

 

 

Entertainment- 0.88%

 

 

 

 

 

 

Vivendi SE (2)

 

 

 

19,986

 

178,155

 

 

 

 

 

 

 

 

Entertainment Facilities - 0.25%

 

 

 

 

 

Thunderbird Entertainment Group, Inc. (Canada)  (2)

 

 

20,004

 

50,510

 

 

 

 

 

 

 

 

Fabricated Plate Work (Boiler Shops) - 1.84%

 

 

 

 

 

Chart Industries, Inc. (2) (3)

 

 

3,240

 

373,345

 

 

 

 

 

 

 

 

Finance Services - 2.33%

 

 

 

 

 

 

CI Financial Corp.

 

 

 

17,903

 

178,572

Conduit Holdings, Ltd. (Bermuda) (2)

 

 

14,888

 

77,083

Euronext NV (2)

 

 

 

3,118

 

215,641

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

471,296

 

 

 

 

 

 

 

 

 Footware and Accessories - 0.46%

 

 

 

 

 

adidas AG (Germany) (2)

 

 

 

681

 

92,901

 

 

 

 

 

 

 

 

Furnishings, Fixtures & Appliances - 0.41%

 

 

 

 

 

Victoria PLC  (United Kingdom)  (2)

 

 

14,255

 

82,945

 

 

 

 

 

 

 

 

Gambling - 0.14%

 

 

 

 

 

 

Pollard Banknote, Ltd. (Canada)

 

 

1,949

 

27,513

 

 

 

 

 

 

 

 

Hotels & Motels - 0.95%

 

 

 

 

 

 

Accor SA  (France) (2)

 

 

 

5,168

 

129,154

Travel & Leisure Co.    (3)

 

 

 

1,738

 

63,263

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

192,417

 

 

 

 

 

 

 

 

Internet Retail - 0.33%

 

 

 

 

 

 

Delivery Hero SE (Germany)  (2)

 

 

1,376

 

65,948

 

 

 

 

 

 

 

 

Investment Advice - 1.67%

 

 

 

 

 

Apollo Global Management, Inc. Class A  (3)

 

 

989

 

63,088

Carlyle Group, Inc.  (3)

 

 

 

9,221

 

275,155

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

338,243

 

 

 

 

 

 

 

 

Laboratory Analytical Instruments - 0.35%

 

 

 

 

 

EyePoint Pharmaceuticals, Inc. (2)

 

 

20,166

 

70,581

 

 

 

 

 

 

 

 

Media & Entertainment - 0.11%

 

 

 

 

 

Warner Bros. Discovery, Inc. Series A  

 

 

2,260

 

21,425

 

 

 

 

 

 

 

 

Mobile Homes - 1.75%

 

 

 

 

 

 

Cavco Industries, Inc.   (3)

 

 

 

789

 

178,511

Skyline Champion Corporation    (3)

 

 

3,417

 

176,010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

354,521

 

 

 

 

 

 

 

 

Motor Vehicles & Passenger Car Bodies - 0.55%

 

 

 

 

 

Stellantis N.V. (Netherlands)    (3)

 

 

7,800

 

110,760

 

 

 

 

 

 

 

 

Motors & Generators - 1.11%

 

 

 

 

 

Generac Holdings Inc. (2)

 

 

 

2,239

 

225,378

 

 

 

 

 

 

 

 

National Commercial Banks - 4.69%

 

 

 

 

 

Fifth Third Bancorp

 

 

 

6,632

 

217,596

JPMorgan Chase & Co. (3)

 

 

 

2,010

 

269,541

KeyCorp (2)

 

 

 

 

9,357

 

162,999

PNC Financial Services Group, Inc. (2)

 

 

1,896

 

299,454

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

949,590

 

 

 

 

 

 

 

 

Oil & Gas - 0.41%

 

 

 

 

 

 

Parex Resources, Inc. (Canada)

 

 

3,793

 

56,428

Whitecap Resources, Inc. (Canada)

 

 

3,296

 

26,135

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

82,563

 

 

 

 

 

 

 

 

Oil & Gas Field Services, NEC- 0.60%

 

 

 

 

 

Core Laboratories N.V (Netherlands)

 

 

5,976

 

121,134

 

 

 

 

 

 

 

 

Operative Builders - 0.53%

 

 

 

 

 

M.D.C. Holdings, Inc. (3)

 

 

 

3,397

 

107,345

 

 

 

 

 

 

 

 

Orthopedic, Prosthetic & Surgical Appliances & Supplies - 1.17%

 

 

 

 

 

Smith & Nephew PLC

 

 

 

8,836

 

237,600

 

 

 

 

 

 

 

 

Pharmaceutical Preparations - 2.64%

 

 

 

 

 

Biohaven Ltd. (2)

 

 

 

1,018

 

14,130

Chimerix, Inc. (2)

 

 

 

32,051

 

59,615

Connect Biopharma Holdings Limited (2)

 

 

14,588

 

12,659

Cyteir Therapeutics, Inc. (2)

 

 

39,828

 

65,716

EQRx, Inc. (2)

 

 

 

 

23,690

 

58,277

I-Mab (2)

 

 

 

 

5,764

 

24,094

Nkarta, Inc. (2)

 

 

 

11,332

 

67,879

Pardes Biosciences, Inc. (2)

 

 

47,088

 

79,579

Syros Pharmaceuticals, Inc. (2)

 

 

23,261

 

83,507

XBiotech Inc. (2)

 

 

 

19,651

 

68,975

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

534,431

 

 

 

 

 

 

 

 

Pipe Lines (No Natural Gas) - 0.56%

 

 

 

 

 

Enbridge, Inc. (Canada)

 

 

 

2,883

 

112,641

 

 

 

 

 

 

 

 

Plastic Materials, Synth Resins & Nonvulcan Elastomers - 0.39%

 

 

 

 

 

PureCycle Technologies, Inc. (2)

 

 

11,796

 

79,741

 

 

 

 

 

 

 

 

Railroads, Line-Haul Operating - 0.71%

 

 

 

 

 

Canadian National Railway Co. (Canada)

 

 

1,218

 

144,635

 

 

 

 

 

 

 

 

Real Estate Agents & Managers - 0.25%

 

 

 

 

 

Opendoor Technologies Inc. (2)

 

 

43,952

 

50,984

 

 

 

 

 

 

 

 

Retail-Eating Places - 3.50%

 

 

 

 

 

Barratt Developments plc (2)

 

 

44,097

 

211,670

Bellway p.l.c. (2)

 

 

 

6,618

 

152,710

Persimmon plc (2)

 

 

 

13,588

 

200,043

Taylor Wimpey plc (2)

 

 

 

116,930

 

143,784

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

708,207

 

 

 

 

 

 

 

 

Retail - Auto Dealers & Gasoline Stations - 0.50%

 

 

 

 

 

CarMax, Inc. (2)

 

 

 

1,654

 

100,712

 

 

 

 

 

 

 

 

Retail - Discretionary- 0.06%

 

 

 

 

 

Asos PLC (2)

 

 

 

 

2,053

 

12,678

 

 

 

 

 

 

 

 

Retail-Eating Places - 0.23%

 

 

 

 

 

Brinker International, Inc. (2) (3)

 

 

1,439

 

45,918

 

 

 

 

 

 

 

 

Semiconductors &Related Devices - 0.70%

 

 

 

 

 

Magnachip Semiconductor Corporation (2)

 

 

4,364

 

40,978

Micron Technology, Inc.

 

 

 

2,032

 

101,559

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

142,537

 

 

 

 

 

 

 

 

Services-Amusement & Recreation Services - 0.49%

 

 

 

 

 

Madison Square Garden Entertainment Corp. Class A  (2)

 

 

2,209

 

99,339

 

 

 

 

 

 

 

 

Services - Business Services, Nec - 2.73%

 

 

 

 

 

Fidelity National Information Services, Inc. (3)

 

 

7,327

 

497,137

Uber Technologies, Inc.  (2)  (3)

 

 

2,275

 

56,261

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

553,398

 

 

 

 

 

 

 

 

Services - Computer Integrated Systems Design - 0.17%

 

 

 

 

 

ASA International Group PLC (United Kingdom)  (2)

 

 

30,432

 

34,237

 

 

 

 

 

 

 

 

Services - Computer Processing & Data Preparation - 1.13%

 

 

 

 

 

E2open Parent Holdings, Inc. (2)  (3)

 

 

21,370

 

125,442

Kyndryl Holdings, Inc. (2)  (3)

 

 

9,275

 

103,138

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

228,580

 

 

 

 

 

 

 

 

Services - Computer Programming, Data Processing, Etc. - 2.07%

 

 

 

 

 

Magnite, Inc. (2) (3)

 

 

 

5,611

 

59,420

Meta Platforms, Inc. Class A (2) (3)

 

 

1,955

 

235,265

Pinterest, Inc. Class A (2) (3)

 

 

3,483

 

84,567

TripAdvisor, Inc. Class A (2)

 

 

2,271

 

40,833

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

420,085

 

 

 

 

 

 

 

 

Services - Health Services - 0.11%

 

 

 

 

 

Sema4 Holdings, Corp. (2)

 

 

 

80,841

 

21,326

 

 

 

 

 

 

 

 

Services - Miscellaneous Business Services - 0.26%

 

 

 

 

 

Sea, Ltd. ADR  (2)   (3)

 

 

 

1,007

 

52,394

 

 

 

 

 

 

 

 

Services - Prepackaged Software - 1.10%

 

 

 

 

 

Microsoft Corp. (3)

 

 

 

929

 

222,793

 

 

 

 

 

 

 

 

Specialty Chemicals - 1.00%

 

 

 

 

 

LANXESS AG (Germany) (2)

 

 

5,045

 

203,564

 

 

 

 

 

 

 

 

Sporting & Athletic Goods, NEC - 0.25%

 

 

 

 

 

American Outdoor Brands, Inc. (2)  (3)

 

 

5,146

 

51,563

 

 

 

 

 

 

 

 

State Commercial Banks - 0.95%

 

 

 

 

 

Bank of New York Mellon Corp. (3)

 

 

4,233

 

192,686

 

 

 

 

 

 

 

 

Telephone Communications (No Radiotelephone) - 0.85%

 

 

 

 

 

AT&T, Inc.  (3)

 

 

 

9,344

 

172,023

 

 

 

 

 

 

 

 

Utilities  - 0.57%

 

 

 

 

 

 

Enel SpA (Italy)  (2)

 

 

 

21,406

 

115,239

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Common Stock

 

 

 

(Cost $              10,769,627)

 

10,329,437

 

 

 

 

 

 

 

 

Exchange Traded Funds - (5)  41.60%

 

 

 

 

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

 

 

 

 

 

 

 

 

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%

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

Fire, Marine & Casualty Insurance - 0.49%

 

 

 

 

 

Allstate Corp., 5.100%, Non-Cumulative Pfd, 10/15/2024 (2)

 

 

5,004

 

99,129

 

 

 

 

 

 

 

 

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.