NPORT-EX 2 enhanced-core.htm NPORT-EX Document


SGI Enhanced Core ETF
Schedule of Investments
May 31, 2026 (Unaudited)

OPEN-END FUNDS - 8.2%

Shares  

Value  
North Capital Treasury Money Market Fund - Class Institutional

            25,492,542

    $        25,492,542
TOTAL OPEN-END FUNDS (Cost $25,492,542)

             25,492,542






SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 91.2%
Shares  

Value  
Fidelity Government Cash Reserves, 3.41% (a)

            7,543,726

             7,543,726
First American Government Obligations Fund - Class X, 3.55% (a)

            2,248,164

             2,248,164
PIMCO Government Money Market Fund - Class M, 4.22% (a)

            8,653,401

             8,653,401
T Rowe Price US Treasury Money Fund, Inc. - Class I, 3.47% (a)

            48,833

             48,833
Vanguard Federal Money Market Fund - Class I, 3.62% (a)(b)

            135,818,948

             135,818,948
Vanguard Treasury Money Market Fund - Class I, 3.61% (a)(b)

            131,044,934

             131,044,934
TOTAL MONEY MARKET FUNDS (Cost $285,358,006)

             285,358,006






TOTAL INVESTMENTS - 99.4% (Cost $310,850,548)

             310,850,548
Other Assets in Excess of Liabilities - 0.6%
0.00596
            1,863,733
TOTAL NET ASSETS - 100.0%




    $        312,714,281


Percentages are stated as a percent of net assets.




(a)

The rate shown represents the 7-day annualized yield as of May 31, 2026.
(b)

Fair value of this security exceeds 25% of the Fund’s net assets.  Additional information for this security, including the financial statements, is available from the SEC’s EDGAR database at www.sec.gov.




























Summary of Fair Value Disclosure as of May 31, 2026 (Unaudited)
 
SGI Enhanced Core ETF has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has 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 Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of May 31, 2026:



Level 1

Level 2

Level 3

Total
Investments:







  Open-End Funds
    $        –

    $        25,492,542

    $        –

    $        25,492,542
  Money Market Funds
            2,248,164

            283,109,842

            –

            285,358,006
Total Investments
    $        2,248,164

    $        308,602,384

    $        –

    $        310,850,548

Refer to the Schedule of Investments for further disaggregation of investment categories.