Modern Capital Tactical Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2026
Shares				Fair Value
	Closed-End Funds - 72.6%
314,081		abrdn Emerging Markets ex-China Fund, Inc.		$3,015,178
183,141		BlackRock Capital Allocation Term Trust		2,917,436
359,691		BlackRock Innovation and Growth Term Trust		3,248,010
60,000		BlackRock Science and Technology Term Trust		1,801,800
105,355		BrandywineGLOBAL - Global Income Opportunities Fund, Inc.		836,519
191,814		Calamos Convertible Opportunities and Income Fund		2,577,980
31,000		Calamos Global Dynamic Income Fund		276,210
212,248		CBRE Global Real Estate Income Fund		978,463
20,000		Clough Global Opportunities Fund		122,400
90,249		Destra Multi-Alternative Fund		675,063
421,536		Eagle Point Credit Company, Inc.		1,568,114
89,356		Ellington Credit Company		394,954
127,308		FS Credit Opportunities Corp.		635,267
37,390		Highland Global Allocation Fund		281,173
165,910		Highland Income Fund		1,182,938
38,600		Japan Smaller Capitalization Fund, Inc.		454,708
18,418		KKR Income Opportunities Fund		207,387
13,500		The Korea Fund, Inc.		1,015,335
11,540		Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.		67,855
153,000		Neuberger Berman Next Generation Connectivity Fund, Inc.		2,530,620
14,719		Nuveen Core Plus Impact Fund		149,103
24,531		Nuveen Credit Strategies Income Fund		119,221
18,800		Nuveen Nasdaq-100 Dynamic Overwrite Fund		566,632
28,601		Nuveen Real Estate Income Fund, Inc.		241,106
26,179		Cushing MLP & Infrastructure		1,311,306
8,000		NXG NextGen Infrastructure Income Fund		517,680
436,134		OFS Credit Company, Inc.		1,116,503
224,500		Oxford Lane Capital Corp.		1,966,620
160,935		Royce Micro-Cap Trust, Inc.		2,356,088
28,675		Taiwan Fund, Inc.		2,757,675
75,619		Tekla Healthcare Investors		1,662,106
132,772		Tekla Life Sciences Investors		2,656,768
30,061		Tortoise Energy Infrastructure Corporation		1,288,715
60,664		Virtus Artificial Intelligence & Technology Opportunities Fund		1,702,838
11,000		Virtus Dividend, Interest & Premium Strategy Fund		167,090
96,429		Virtus Global Multi-Sector Income Fund		723,218
137,001		Virtus Stone Harbor Emerging Markets Income Fund		764,466
24,772		Virtus Total Return Fund, Inc.		169,193
71,693		Western Asset Emerging Markets Debt Fund, Inc.		769,983
137,992		Western Asset High Income Opportunity Fund, Inc.		595,021
90,581		XAI Octagon Floating Rate & Alternative Income Trust		1,589,697
	TOTAL Closed-End Funds - (Cost $44,893,072)			47,978,439
	Common Stocks - 16.00%
	Consumer Discretionary - 2.50%
210,000		Arcos Dorados Holdings, Inc.		1,692,600
	Energy - 6.80%
51,400		Cenovus Energy, Inc.		1,275,234
121,760		SM Energy Co.		3,177,936
15,000		Transocean, LTD.		73,350
				4,526,520
	Financials - 1.60%
9,500		Interactive Brokers Group, Inc.		826,880
3,500		Virtu Financial, Inc. - Class A		208,495
				1,035,375
	Health Care - 0.90%
729,581		Humacyte, Inc.		569,365
	Industrials - 0.60%
144,900		Plug Power, Inc.		392,679
	Information Technology - 3.60%
1,000		Dell Technologies, Inc. - Class C		431,460
4,500		Intel Corporation		628,335
200,272		Rackspace Technology, Inc.		1,307,776
				2,367,571
	TOTAL Common Stocks - (Cost $10,794,528)			10,584,110
	Exchange Traded Funds - 4.10%
37,000		abrdn Bloomberg All Commodity Strategy K-1 Free ETF		826,580
5,000		NEOS Nasdaq-100® High Income ETF		283,950
10,000		NEOS S&P 500® High Income ETF		530,900
2,500		ProShares UltraPro QQQ ETF		202,500
12,000		Roundhill Memory ETF		886,200
	TOTAL Exchange Traded Funds			2,730,130
	Real Estate Investment Trusts - 3.80%
374,366		NexPoint Diversified Real Estate Trust		1,942,960
66,353		Seven Hills Realty Trust		559,356
	TOTAL Real Estate Investment Trusts - (Cost $2,286,109)			2,502,316
Principal Amount ($)			Coupon Rate (%)	Fair Value
	Short Term Investments - 4.80%
	Money Market Funds - 4.80%
3,174,927		First American Government Obligations Fund, Class X	3.557	3,174,927
	TOTAL Short Term Investments - (Cost $3,174,927)			3,174,927
	TOTAL INVESTMENTS - 101.3% - (Cost $63,605,293)			66,969,922
	LIABILITIES IN EXCESS OF OTHER ASSETS - (1.3%)			(852,823)
	NET ASSETS - 100.00%			$66,117,099
	(a)	Non-income Producing Security.
	(b)	Rate disclosed is the seven day effective yield as of June 30, 2026.

Investment Valuation
The Fund’s investments in securities are carried at market or fair value. Securities listed on an exchange or quoted on a national market system are valued at the last sales price as of 4:00 p.m. Eastern Time. Securities traded in the NASDAQ over-the- counter market are generally valued at the NASDAQ Official Closing Price. Other securities traded in the over-the-counter market and listed securities for which no sale was reported on that date are valued at the most recent bid price. Instruments with maturities of 60 days or less are valued at amortized cost, which approximates market value. Securities and assets for which representative market quotations are not readily available (e.g., (i) an exchange-traded portfolio security is so thinly traded that there have been no transactions for that security over an extended period of time or the validity of a market quotation received is questionable; (ii) the exchange on which the portfolio security is principally traded closes early; or (iii) trading of the portfolio security is halted during the day and does not resume prior to the Fund’s NAV calculation) or which cannot be accurately valued using the Fund’s normal pricing procedures are valued at fair value as determined in good faith under policies approved by Modern Capital Management Co. (the “Adviser”), the Fund’s investment Adviser. The Board of Trustees (the “Board”) of the Trust has designated the Adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment Adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices or quotations are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data,estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund’s fair valuation policies and procedures. The Adviser reports to the Board information regarding the fair valuation process and related material matters.
Fair Value Measurements
The fair value hierarchy is categorized into three levels based on the inputs as follows:
	• Level 1 – Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the Fund can access.
	• Level 2 – Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.
	• Level 3 – Valuations based on inputs that are unobservable and significant to the overall fair value measurement.
The Fund’s assets and liabilities recorded at fair value have been categorized based upon a fair value hierarchy as described above. The following table presents information about the Fund’s assets measured at fair value as of June 30, 2026:
	Investments in Securities (a)		Level 1	Level 2	Level 3	Total
	Assets
	Closed-End Funds		$47,978,439	$-	$-	$47,978,439
	Common Stocks (b)		10,584,110	-	-	10,584,110
	Exchange Traded Funds		2,730,130	-	-	2,730,130
	Real Estate Investment Trusts		2,502,316	-	-	2,502,316
	Short Term Investments		3,174,927	-	-	3,174,927
	Total		$66,969,922	$-	$-	$66,969,922
	(a)	The Fund had no Level 2 or Level 3 holdings as of and during the period ended June 30, 2026.
	(b)	Refer to the Schedule of Investments for breakdown by industry.