UNITED STATESSECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-07360

Monetta Trust (Exact name of registrant as specified in charter)

1776-A S. Naperville Road, Suite 100

Wheaton, IL 60189-5831  (Address of principal executive offices) (Zip code)

Robert S. Bacarella

1776-A S. Naperville Road, Suite 100

Wheaton, IL 60189-5831  (Name and address of agent for service)

(630) 462-9800

Registrant's telephone number, including area code

Date of fiscal year end: December 31, 2016

Date of reporting period:  March 31, 2016

Item 1. Schedule of Investments.

Schedule of Investments (Unaudited)			March 31, 2016
Monetta Fund
NUMBER OF SHARES			VALUE
COMMON STOCKS - 96.1%
Basic Material - 2.6%
Chemical-Specialty-1.2%
	2,200	Sherwin-Williams Co.	$	626,274
Paper & Forest Product-1.4%
	17,000	International Paper Co.		697,680
Capital Equipment - 2.8%
Aerospace & Defense-2.8%
	6,000	General Dynamics Corp.		788,220
	3,400	Northrop Grumman Corp.		672,860
				1,461,080
Consumer Cyclical - 9.2%
Consumer-Miscellaneous-1.2%
	7,000	Harman International Industries, Inc.		623,280
Housing Related-1.4%
	22,000	Masco Corp.		691,900
Leisure Service-4.7%
	25,000	Hilton Worldwide Holdings, Inc.		563,000
	7,000	Netflix, Inc. *		715,610
	12,000	Wynn Resorts Ltd.		1,121,160
				2,399,770
Media-Radio/TV-1.9%
	10,000	Walt Disney Co.		993,100
Consumer Staple - 3.3%
Beverage-Alcoholic-1.2%
	4,000	Constellation Brands, Inc. - CL A		604,360
Beverage-Non-Alcoholic-1.1%
	6,000	Dr Pepper Snapple Group, Inc.		536,520
Cosmetic & Personal Care-1.0%
	6,500	Procter & Gamble Co.		535,015
Energy - 6.1%
Energy-1.3%
	10,000	First Solar, Inc. *		684,700
Oil & Gas-Exploration & Production-3.0%
	15,000	EOG Resources, Inc.		1,088,700
	13,000	Newfield Exploration Co. *		432,250
				1,520,950
Oil & Gas-Integrated-1.1%
	6,000	Chevron Corp.		572,400
Oil & Gas-Refining/Marketing-0.7%
	10,000	Marathon Petroleum Corp.		371,800
Financial - 23.2%
Bank-Money Center-7.5%
	80,000	Bank of America Corp.		1,081,600
	20,000	Bank of New York Mellon Corp.		736,600
	15,000	JPMorgan Chase & Co.		888,300
	25,000	Wells Fargo & Co.		1,209,000
				3,915,500
Bank-Super Regional-1.6%
	22,000	SunTrust Banks, Inc.		793,760

Brokerage & Investment Management-1.5%
	27,000	Charles Schwab Corp.	756,540
Finance-Miscellaneous-6.2%
	6,000	CME Group, Inc.	576,300
	2,200	Intercontinental Exchange, Inc.	517,308
	14,000	MasterCard, Inc. - CL A	1,323,000
	10,000	Visa, Inc. - CL A	764,800
			3,181,408
Insurance-Accident & Health-1.1%
	8,500	Aflac, Inc.	536,690
Insurance-Life-1.4%
	10,000	Prudential Financial, Inc.	722,200
Insurance-Property & Casualty-3.9%
	3,200	Everest Re Group Ltd.	631,776
	20,000	Progressive Corp.	702,800
	5,500	Travelers Companies, Inc.	641,905
			1,976,481
Healthcare - 10.7%
Healthcare-Biomedical/Genetic-2.5%
	7,000	Celgene Corp. *	700,630
	4,000	Thermo Fisher Scientific, Inc.	566,360
			1,266,990
Healthcare-Instrument-1.4%
	1,200	Intuitive Surgical, Inc. *	721,260
Healthcare-Medical Supply-1.1%
	6,500	Cardinal Health, Inc.	532,675
Healthcare-Patient Care-3.0%
	4,000	Aetna, Inc.	449,400
	4,000	Anthem, Inc.	555,960
	7,000	HCA Holdings, Inc. *	546,350
			1,551,710
Healthcare-Product-2.7%
	9,000	Edwards Lifesciences Corp. *	793,890
	8,000	Medtronic, PLC	600,000
			1,393,890
Retail - 13.9%
Retail-Drug Store-1.2%
	6,000	CVS Health Corp.	622,380
Retail-Major Chain-3.7%
	4,000	Costco Wholesale Corp.	630,320
	7,000	Target Corp.	575,960
	10,000	Wal-Mart Stores, Inc.	684,900
			1,891,180
Retail-Restaurant-2.2%
	5,000	McDonald's Corp.	628,400
	8,500	Starbucks Corp.	507,450
			1,135,850
Retail-Specialty-6.8%
	2,500	Amazon.com, Inc. *	1,484,100
	900	AutoZone, Inc. *	717,021
	5,000	Home Depot, Inc.	667,150
	2,200	O'Reilly Automotive, Inc. *	602,052
			3,470,323
Technology - 18.9%
Computer Data Storage-2.1%
	10,000	Apple, Inc.	1,089,900

Computer-Service-1.2%
	9,800	Cognizant Technology Solutions Corp. - CL A *		614,460
Computer-Software-2.7%
	15,000	Microsoft Corp.		828,450
	7,500	salesforce.com, Inc. *		553,725
				1,382,175
Electronic-Instrumentation-1.2%
	6,500	Danaher Corp.		616,590
Internet-6.9%
	1,800	Alphabet, Inc. - CL C *		1,340,910
	10,000	Facebook, Inc. - CL A *		1,141,000
	62,000	Twitter, Inc. *		1,026,100
				3,508,010
Office-Equipment-1.5%
	11,000	Avery Dennison Corp.		793,210
Telecommunication Equipment-1.0%
	6,500	Harris Corp.		506,090
Telecommunication Service-2.3%
	15,000	T-Mobile US, Inc. *		574,500
	11,000	Verizon Communications, Inc.		594,880
				1,169,380
Transportation - 5.4%
Airline-3.8%
	14,000	Delta Air Lines, Inc.		681,520
	15,000	Southwest Airlines Co.		672,000
	10,000	United Continental Holdings, Inc. *		598,600
				1,952,120
Railroad-1.6%
	10,000	Union Pacific Corp.		795,500
Total Common Stocks (Cost $43,645,186)				49,215,101
MONEY MARKET FUNDS - 7.6%
	3,904,416	STIT - Liquid Assets Portfolio, Institutional Class, 0.453%  ^		3,904,416
Total Money Market Funds (Cost $3,904,416)				3,904,416
		Total Investments (Cost $47,549,602) (a) - 103.7%		53,119,517
		Liabilities in Excess of Other Assets - (3.7)%		(1,918,906	)
		TOTAL NET ASSETS - 100.0%	$	51,200,611

(a)	Cost for book purposes is approximately $47,549,602. The approximate aggregate gross unrealized appreciation is $7,114,994, and the approximate aggregate gross unrealized depreciation is $1,545,079, resulting in net unrealized appreciation of $5,569,915. Because tax adjustments are calculated annually, the stated amounts do not reflect tax adjustments.  For the previous fiscal year’s federal income tax information, please refer to the Notes to Financial Statements section in the Fund’s most recent semi-annual or annual report.
*	Non Income Producing.
^	Rate shown is the seven day effective yield at March 31, 2016.
	Industry classification provided by William O'Neil & Co., Inc.

Summary of Fair Value Exposure

The Fund has adopted fair value accounting standards which establish an authoritative 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 in 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:

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 would be based on the best information available.

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

As of March 31, 2016, the Fund's investments in securities were classified as follows:

	Level 1		Level 2		Level 3		Total Fair Value
Common Stocks	$	49,215,101	$	-	$	-	$	49,215,101
Money Market Funds		3,904,416		-		-		3,904,416
Total Investments	$	53,119,517	$	-	$	-	$	53,119,517

Transfers between levels are recognized at the beginning of the reporting period.  During the period ended March 31, 2016, the Fund recognized no transfers between levels.  The Fund did not invest in any Level 3 investments during the period.

Schedule of Investments (Unaudited)	March 31, 2016
Monetta Young Investor Fund
NUMBER OF SHARES	VALUE

COMMON STOCKS - 44.0%
Basic Material - 1.1%
Chemical-Specialty-1.1%
	4,500	Sherwin-Williams Co.	$	1,281,015
Capital Equipment - 0.8%
Aerospace & Defense-0.8%
	5,000	Northrop Grumman Corp.		989,500
Consumer Cyclical - 4.6%
Apparel Manufacturing-1.0%
	20,000	NIKE, Inc. - CL B		1,229,400
Leisure Service-2.4%
	11,200	Netflix, Inc. *		1,144,976
	18,000	Wynn Resorts Ltd.		1,681,740
				2,826,716
Media-Radio/TV-1.2%
	14,000	Walt Disney Co.		1,390,340
Consumer Staple - 1.5%
Beverage-Non-Alcoholic-0.7%
	9,800	Dr Pepper Snapple Group, Inc.		876,316
Cosmetic & Personal Care-0.8%
	11,000	Procter & Gamble Co.		905,410
Energy - 3.1%
Oil & Gas-Exploration & Production-0.9%
	15,000	EOG Resources, Inc.		1,088,700
Oil & Gas-Integrated-2.2%
	17,000	Chevron Corp.		1,621,800
	12,000	Exxon Mobil Corp.		1,003,080
				2,624,880
Financial - 9.1%
Bank-Money Center-4.6%
	100,000	Bank of America Corp.		1,352,000
	38,000	Bank of New York Mellon Corp.		1,399,540
	25,000	JPMorgan Chase & Co.		1,480,500
	25,000	Wells Fargo & Co.		1,209,000
				5,441,040
Finance-Miscellaneous-2.0%
	25,000	MasterCard, Inc. - CL A		2,362,500
Insurance-Property & Casualty-2.5%
	38,000	Progressive Corp.		1,335,320
	14,000	Travelers Companies, Inc.		1,633,940
				2,969,260
Healthcare - 6.5%
Healthcare-Biomedical/Genetic-0.8%
	9,500	Celgene Corp. *		950,855
Healthcare-Instrument-1.0%
	2,000	Intuitive Surgical, Inc. *		1,202,100
Healthcare-Patient Care-3.7%
	9,000	Aetna, Inc.		1,011,150
	15,000	HCA Holdings, Inc. *		1,170,750
	17,000	UnitedHealth Group, Inc.		2,191,300
				4,373,200
Healthcare-Product-1.0%
	13,000	Edwards Lifesciences Corp. *		1,146,730

Retail - 7.8%
Retail-Major Chain-1.9%
	5,300	Costco Wholesale Corp.		835,174
	20,000	Wal-Mart Stores, Inc.		1,369,800
				2,204,974
Retail-Restaurant-2.0%
	12,000	McDonald's Corp.		1,508,160
	15,000	Starbucks Corp.		895,500
				2,403,660
Retail-Specialty-3.9%
	4,500	Amazon.com, Inc. *		2,671,380
	15,000	Home Depot, Inc.		2,001,450
				4,672,830
Technology - 6.4%
Computer Data Storage-1.4%
	15,000	Apple, Inc.		1,634,850
Computer-Software-0.9%
	20,000	Microsoft Corp.		1,104,600
Internet-4.1%
	2,500	Alphabet, Inc. - CL C *		1,862,375
	15,000	Facebook, Inc. - CL A *		1,711,500
	75,000	Twitter, Inc. *		1,241,250
				4,815,125
Transportation - 3.1%
Airline-2.1%
	24,000	Delta Air Lines, Inc.		1,168,320
	30,000	Southwest Airlines Co.		1,344,000
				2,512,320
Railroad-1.0%
	14,000	Union Pacific Corp.		1,113,700
Total Common Stocks (Cost $45,035,972)				52,120,021
EXCHANGE TRADED FUNDS - 50.7%
	70,000	iShares Core S&P 500		14,465,500
	120,000	Schwab Strategic Trust Large-Cap		5,860,800
	55,000	SPDR S&P 500 Trust		11,305,800
	69,000	Vanguard Growth		7,345,050
	76,000	Vanguard Large-Cap		7,144,760
	37,000	Vanguard S&P 500		6,976,720
	83,000	Vanguard Value		6,838,370
Total Exchange Traded Funds (Cost $46,915,921)				59,937,000
MONEY MARKET FUNDS - 5.2%
	6,140,182	STIT - Liquid Assets Portfolio, Institutional Class, 0.453%^		6,140,182
Total Money Market Funds (Cost $6,140,182)				6,140,182
		Total Investments (Cost $98,092,075) - 99.9%		118,197,203
		Other Net Assets Less Liabilities - 0.1%		120,314
		TOTAL NET ASSETS - 100.00%	$	118,317,517

(a)	Cost for book purposes is approximately $98,092,075. The approximate aggregate gross unrealized appreciation is $21,760,552, and the approximate aggregate gross unrealized depreciation is $1,655,424, resulting in net unrealized appreciation of $20,105,128. Because tax adjustments are calculated annually, the stated amounts do not reflect tax adjustments.  For the previous fiscal year’s federal income tax information, please refer to the Notes to Financial Statements section in the Fund’s most recent semi-annual or annual report.
*	Non Income Producing.
^	Rate shown is the seven day effective yield at March 31, 2016.
	Industry classification provided by William O'Neil & Co., Inc.

Summary of Fair Value Exposure

The Fund has adopted fair value accounting standards which establish an authoritative 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 in 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:

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 would be based on the best information available.

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

As of March 31, 2016, the Fund's investments in securities were classified as follows:

Level 1 Level 2 Level 3 Total Fair Value

Exchange Traded Funds	$	59,937,000	$	-	$	-	$	59,937,000
Common Stocks		52,120,021		-		-		52,120,021
Money Market Funds		6,140,182		-		-		6,140,182
Total Investments	$	118,197,203	$	-	$	-	$	118,197,203

Transfers between levels are recognized at the beginning of the reporting period.  During the period ended March 31, 2016, the Fund recognized no transfers between levels.  The Fund did not invest in any Level 3 investments during the period.

Item 2. Controls and Procedures.

(a) The Registrant’s Chief Executive Officer and Chief Financial Officer have concluded that the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”)) (17 CFR 270.30a-3(c)) are effective as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or Rule 15d‑15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(d)).

(b) There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) (17 CFR 270.30a-3(d)) that occurred during the Registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

Item 3. Exhibits.

Separate certifications for each principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)).  Filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)   Monetta Trust

By (Signature and Title)   /s/ Robert S. Bacarella

Robert S. Bacarella, Chief Executive Officer

Date   4/22/2016

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)*     /s/ Robert S. Bacarella 

Robert S. Bacarella, Chief Executive Officer

Date   4/22/2016

By (Signature and Title)*     /s/ Robert J. Bacarella

Robert J. Bacarella, Chief Financial Officer

Date   4/22/2016

* Print the name and title of each signing officer under his or her signature.