Cheniere Corpus Christi Holdings LLC

CONCORDE WEALTH MANAGEMENT FUND
SCHEDULE OF INVESTMENTS IN SECURITIES
June 30, 2023 (Unaudited)

			Fair			Percent of
	Shares		Value			Net Assets
COMMON STOCKS - 55.95%
FINANCE & INSURANCE
Chubb LTD. - ADR (a)		2,700	$	519,912			1.43	%
JPMorgan Chase & Co.		7,000		1,018,080			2.82
				1,537,992			4.25
INFORMATION
Lumen Technologies, Inc.		134,000		302,840			0.83
Microsoft Corp.		3,200		1,089,728			3.01
Warner Bros Discovery, Inc. (b)		50,250		630,135			1.74
				2,022,703			5.58
MANUFACTURING
AbbVie, Inc.		5,200		700,596			1.93
Bunge LTD. - ADR (a)		6,050		570,817			1.57
DuPont de Nemours, Inc.		6,500		464,360			1.28
Exxon Mobil Corp.		9,800		1,051,050			2.91
Hubbell, Inc.		1,600		530,496			1.46
Johnson & Johnson		4,800		794,496			2.19
Louisiana-Pacific Corp.		8,100		607,338			1.67
Moderna, Inc. (b)		3,200		388,800			1.07
Northrop Grumman Corp.		1,200		546,960			1.51
Texas Instruments, Inc.		3,200		576,064			1.59
The Hershey Co.		1,590		397,023			1.09
				6,628,000			18.27
MINING, QUARRYING & OIL & GAS EXTRACTION
Black Stone Minerals LP		68,668		1,095,255			3.02
Dorchester Minerals, LP		23,500		704,060			1.94
Franco-Nevada Corp. - ADR (a)		5,600		798,560			2.20
Martin Marietta Materials, Inc.		1,100		507,859			1.40
Pioneer Natural Resources Co.		4,750		984,105			2.71
Texas Pacific Land Corp.		1,445		1,902,343			5.25
				5,992,182			16.52
REAL ESTATE & RENTAL & LEASING
The Howard Hughes Corp. (b)		7,500		591,900			1.63

RETAIL TRADE
Amazon.com, Inc. (b)		5,200		677,872			1.87
Lowes Companies, Inc.		3,000		677,100			1.87
The TJX Companies, Inc.		7,500		635,925			1.75
				1,990,897			5.49
TRANSPORTATION AND WAREHOUSING
Canadian Pacific Kansas City Ltd. - ADR (a)		7,500		605,775			1.67

WHOLESALE TRADE
Energy Transfer LP		72,500		920,750			2.54
TOTAL COMMON STOCKS (Cost $12,681,033)				20,290,199			55.95

EXCHANGE TRADED FUNDS - 4.41%
JPMorgan Ultra-Short Income ETF		20,000		1,002,800			2.76
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund		6,000		598,560			1.65
TOTAL EXCHANGE TRADED FUNDS (Cost $1,619,857)				1,601,360			4.41

MUTUAL FUND - 0.69%
Absolute Convertible Arbitrage Fund - Institutional Class		23,020		250,921			0.69
TOTAL MUTUAL FUNDS (Cost $250,000)				250,921			0.69

CLOSED-END FUNDS - 6.78%
PIMCO Flexible Credit Income Fund - Institutional Class (c)		47,619		324,764			0.90
Pioneer ILS Interval Fund (c)		117,583		1,022,971			2.82
Sprott Physical Gold Trust(a)(b)		74,500		1,111,540			3.06
TOTAL CLOSED-END FUNDS (Cost $2,398,110)				2,459,275			6.78

OPEN-END FUND - 0.84%
Cohen & Steers Institutional Realty Shares		6,895		305,093			0.84
TOTAL OPEN-END FUND (Cost $283,653)				305,093			0.84
	Capital
	Contribubtion
PRIVATE FUNDS - 8.42%
CLI Capital (b)(c)(d)		45,455		250,000			0.69
Hayman Hong Kond Opportunities Fund, L.P. (b)(c)(d)		500,000		39,940			0.11
LLR Equity Partners V, L.P. (b)(c)(d)		970,000		1,372,314			3.78
LRVHealth, L.P. (b)(c)(d)		450,000		508,899			1.40
Moran Tice 20:20 Fund, L.P. (b)(c)(d)		250,000		206,092			0.57
RCP Select Capital Fund, L.P. (b)(c)(d)		500,000		500,000			1.38
SPAC Opportunity Partners, LLC - Class A (b)(c)(d)		1,000,000		178,901			0.49
TOTAL PRIVATE FUNDS (Cost $3,711,882)				3,056,146			8.42


	Shares
REITS - 3.25%
REAL ESTATE & RENTAL & LEASING
First Industrial Realty Trust, Inc.		12,000		631,680			1.74
Medical Properties Trust, Inc.		59,000		546,340			1.51
TOTAL REITS (Cost $1,037,090)				1,178,020			3.25
	Principal
	Amount
CORPORATE BONDS - 2.28%
FINANCE AND INSURANCE
Discover Financial Services, 3.75%, 03/04/2025		150,000		142,797			0.39
JPMorgan Chase & Co., 6.10% to 10/01/2023 3 Month SOFR USD + 3.592%, Perpetual (e)		150,000		149,655			0.41
				292,452			0.80
MANUFACTURING
Motorola Solutions, Inc., 7.50%, 05/15/2025		100,000		102,227			0.28

MINING, QUARRYING & OIL & GAS EXTRACTION
BP Capital Markets PLC, 4.38% to 09/22/2023 then 5 Year CMT Rate + 4.036%, Perpetual (a)(e)		150,000		143,888			0.40
Freeport-McMoRan, Inc., 4.13%, 03/01/2028		150,000		140,975			0.39
				284,863			0.79
UTILITIES
Cheniere Corpus Christi Holdings LLC, 5.88%, 03/31/2025		150,000		149,258			0.41
TOTAL CORPORATE BONDS (Cost $851,564)				828,800			2.28

U.S. GOVERNMENT OBLIGATIONS - 9.32%
United States Treasury Note, 2.25%, 11/15/2024		1,000,000		960,195			2.65
United States Treasury Note, 2.38%, 08/15/2024		2,500,000		2,418,359			6.67
TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost $3,415,717)				3,378,554			9.32

SHORT-TERM INVESTMENTS - 8.12%
U.S. TREASURY BILL
United States Treasury Bill, 4.708%, 02/22/24 (f)		1,500,000		1,450,543			4.00

MONEY MARKET FUND
Morgan Stanley Institutional Liquidity Fund Government Portfolio - Institutional Class, 5.04% (g)		1,493,263		1,493,263			4.12
TOTAL SHORT-TERM INVESTMENTS (Cost $2,949,504)				2,943,806			8.12

Total Investments (Cost $29,198,410) - 100.06%				36,292,174			100.06
Liabilities in Excess of Other Assets - (0.06)%				(21,016	)		(0.06	)
TOTAL NET ASSETS - 100.00%			$	36,271,158			100.00

ADR	American Depository Receipt
REIT	Real Estate Investment Trust
(a)	Foreign issued security listed directly on a U.S. securities exchange.
(b)	Presently non-income producing.
(c)	Restricted securities may be subject to restrictions on disposition imposed by the issuer. At June 30, 2023, restricted securities represented 12.14% of net assets of the Fund.
(d)	Securities for which market quotations are not readily available are valued at fair value determined by the Advisor.
(e)	Security is a perpetual bond and has no definite maturity date.
(f)	Rate shown is effective yield based on purchase price. The calculation assumes the security is held to maturity.
(g)	This security has a fluctuating yield; rate disclosed is the 7-day yield as of June 30, 2023.
+	Rates for variable rate securities will typically have interest rates that redetermine periodically by reference to a base lending rate plus a spread. Variable rate securities that reference SOFR may be subject to a credit spread adjustment, particularly to legacy LIBOR bank loans or lines of credit that have transitioned to SOFR as the base lending rate.

The accompanying notes are an integral part of these schedules of investments

CONCORDE WEALTH MANAGEMENT FUND
SCHEDULE OF WRITTEN OPTIONS
June 30, 2023 (Unaudited)

	Notional		Number of		Fair		Percent of
	Amount		Contracts (a)		Value		Net Assets
WRITTEN OPTIONS - (0.09)%
WRITTEN CALL OPTIONS - (0.09)%
Hubbell, Inc.
Expiration: July 2023, Exercise Price: $330.00		232,092		7	$	6,832		0.02	%
Louisiana-Pacific Corp.
Expiration: July 2023, Exercise Price: $65.00		74,980		10		10,400		0.03	%
Expiration: July 2023, Exercise Price: $75.00		299,920		40		6,600		0.02	%
Martin Marietta Materials, Inc.
Expiration: July 2023, Exercise Price: $450.00		230,845		5		7,435		0.02	%
TOTAL WRITTEN CALL OPTIONS (Premiums received $11,220)						31,267		0.09	%
WRITTEN PUT OPTIONS - (0.00)%
Energy Transfer LP
Expiration: July 2023, Exercise Price: $12.50		190,500		150		1,500		0.00	%	(b)
TOTAL WRITTEN PUT OPTIONS (Premiums received $2,321)						1,500		0.00	%
TOTAL WRITTEN OPTIONS (Premiums received $13,541)					$	32,767		0.09	%

(a)	Each contract is equivalent to 100 shares of common stock.
(b)	Amount is less than (0.05)%.

The accompanying notes are an integral part of these financial statements.

Securities Valuation as of June 30, 2023 (Unaudited)

The Fund utilizes various methods to measure the fair value of most of its investments on a recurring basis. FASB ASC Topic 820, Fair Value Measurements and Disclosures (ASC 820) defines fair values, establishes a hierarchy that prioritizes inputs to valuation techniques used to measure fair value in accordance with U.S. GAAP and requires disclosure about fair value measurements. Under ASC 820, various inputs are used in determining the value of the Funds investments. The three levels of inputs are as follows:

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access at the date of measurement.

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 in active markets, interest rates, credit risk, yield curves, default rates and similar data.

Level 3 - Model derived valuations in which one or more significant inputs or significant value drivers are unobservable. Unobservable inputs are those inputs that reflect the Funds own assumptions that market participants would use in valuing the asset or liability at the measurement date and would be based on the best available information.

Certain restricted securities may be considered illiquid. Restricted securities are often purchased in private placement transactions, are not registered under the Securities Act of 1933, may have contractual restrictions on resale, and may be valued under methods approved by the Funds Board of Directors as reflecting fair value. Certain restricted securities eligible for resale to qualified institutional investors, including Rule 144A securities, are not subject to the limitation on the Funds investments in illiquid securities if they are determined to be liquid in accordance with procedures adopted by the Funds Board of Directors.

Additional information on each illiquid restricted security held by the Fund on June 30, 2023 is as follows:

	Security	Initial Acquisition Date			Shares		Cost		Fair Value		% of Net Assets
	LLR Equity Partners V, L.P.	March 14, 2018				970,000		818,583		1,372,314		3.78	%
	PIMCO Flexible Credit Income Fund - Institutional Class	March 15, 2018				47,619		500,000		324,764		0.90	%
	Pioneer ILS Interval Fund	August 27, 2018				117,583		1,140,000		1,022,971		2.82	%
	LRVHealth, L.P.	July 16, 2019				450,000		393,299		508,899		1.40	%
	Moran Tice 20:20 Fund, L.P.	July 31, 2020				250,000		250,000		206,092		0.57	%
	SPAC Opportunity Partners, LLC - Class A	March 25, 2021				1,000,000		1,000,000		178,901		0.49	%
	RCP Select Capital Fund, L.P.	June 7, 2021				500,000		500,000		500,000		1.38	%
	Hayman Hong Kong Opportunities	May 6, 2022				500,000		500,000		39,940		0.11	%
	CLI Capital	December 20, 2022				45,455		250,000		250,000		0.69	%
							$	5,351,882	$	4,403,881		12.14	%

The following table summarized the inputs used to value the Funds investments measured at fair value as of June 30 2023:
		Practical Expedient*			Level 1		Level 2		Level 3		Total
Investments - Assets:
	Common Stocks*	$	-		$	20,290,199	$	-	$	-	$	20,290,199
	Exchange Traded Funds		-			1,601,360		-		-		1,601,360
	Mutual Fund					250,921
	Closed-End Funds		-			2,459,275		-		-		2,459,275
	Open-End Fund		-			305,093		-		-		305,093
	Private Funds		3,056,146	^		-		-		-		3,056,146
	REITs*		-			1,178,020		-		-		1,178,020
	Corporate Bonds*		-			-		828,800		-		828,800
	U.S. Government Obligations		-			-		3,378,554		-		3,378,554
	Short-Term Investments		-			2,943,806				-		2,943,806
	Total Investments - Assets	$	3,056,146		$	29,028,674	$	4,207,354	$	-	$	36,292,174

Other Financial Instruments - Liabilities:
	Written Options	$	-		$	32,767	$	-	$	-	$	32,767

	*See the Schedule of Investments for industry classifications.

Security

Withdrawals

Permitted

Redemption

Notice Period

Investment

Objective

Investment Strategy

Lock Up

Period

CLI Captial

Not Applicable

To generate

income from the

various loans

and bonds

purchased.

Real estate investment trust (REIT) that primarily invests in direct mortgage loans and other debt obligations secured by real estate assets. They concentrate in providing mortgage financing and investing in mortgage loans of niche markets with limited competition for short-term to mid-term lending needs. The Company makes interim construction and short-term to mid-term loans for the acquisition, renovation and construction of facilities in these markets.

None

Hayman Hong Kong Opportunities

Yes

30 Days

To generate

superior risk-

adjusted rates of

return

Non-diversified portfolio investing in foreign currency forward and option contracts and options of East Asia Countries, may invest in interest rate derivatives to benefit from the stresses imposed on the Hong Kong Monetary Authoritys Linked Exchange Rate System. Will seek to exploit opportunities in the foreign exchange and interest rate markets in Asia.

None

LLR Equity Partners V, L.P.

Not Applicable

Capital

Appreciation

Diversified portfolio of equity investments in lower middle market growth companies primarily focused on software and services

Not

Applicable

LRVHealth, L.P

Not Applicable

Capital

Appreciation

Non-diversified portfolio of insurance-linked securities

Not

Applicable

Moran Tice 20:20 Fund, L.P.

Yes

30 days

Value

Diversified portfolio of investments the Investment Manager believes will be influenced by macro-economic trends and/or event-driven situations

None

RCP Select Capital Fund, L.P.

Not Applicable

Capital

Appreciation

Diversified portfolio of ground-up development, value-add and income producing real estate projects and real estate financings.

Not

Applicable

SPAC Opportunity Partners, LLC - Class A

Yes

93 days

Capital

Appreciation

Diversified portfolio of special purpose acquisition companies, or SPACs.

2 years

⁽¹⁾

Up to 5% of the Funds net asset value per quarter via tender offer. The tender offer is subject to board approval and not a guarantee of future liquidity. A 2% early repurchase fee will be imposed for repurchases made within one year of investment.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value.

Closed-End Funds

Open-End Funds

Total

Balance as of September 30, 2022

Accrued discounts/premiums

Realized gain (loss)

Change in unrealized appreciation (depreciation)

Purchases

(Sales)

Transfer in and/or out of Level 3

Balance as of June 30, 2023

Change in unrealized appreciation/depreciation during the period for Level 3 investments held at June 30, 2023

The Level 3 investments as of June 30, 2023 represented 0.00% of net assets and did not warrant a disclosure of significant unobservable valuation inputs.