SGI PRUDENT GROWTH FUND
|
PORTFOLIO OF INVESTMENTS
|
MAY 31, 2022 (UNAUDITED)
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NUMBER
|
||||||||
EXCHANGE-TRADED FUNDS - 38.7%
|
OF SHARES
|
VALUE
|
||||||
Exchange-Traded Funds — 38.7%
|
||||||||
Financial Select Sector SPDR Fund
|
2,670
|
$
|
94,705
|
|||||
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
|
12,290
|
239,778
|
||||||
Invesco QQQ Trust Series 1
|
160
|
49,325
|
||||||
Invesco S&P 500 Low Volatility ETF
|
2,110
|
136,918
|
||||||
iShares 5-10 Year Investment Grade Corporate Bond ETF
|
1,400
|
73,738
|
||||||
iShares Core 1-5 Year USD Bond ETF
|
12,880
|
618,626
|
||||||
iShares Core MSCI EAFE ETF
|
5,880
|
387,492
|
||||||
iShares Core S&P Small-Cap ETF
|
670
|
67,858
|
||||||
iShares Core U.S. Aggregate Bond ETF
|
12,140
|
1,256,126
|
||||||
iShares Edge MSCI Min Vol EAFE ETF
|
1,040
|
70,564
|
||||||
iShares Edge MSCI Min Vol USA ETF
|
3,170
|
232,868
|
||||||
iShares Gold Trust *
|
610
|
21,271
|
||||||
iShares MSCI EAFE Value ETF
|
1,410
|
69,682
|
||||||
iShares MSCI USA Momentum Factor ETF
|
330
|
48,196
|
||||||
iShares MSCI USA Small-Cap Min Vol Factor ETF
|
1,980
|
69,656
|
||||||
iShares TIPS Bond ETF
|
990
|
117,751
|
||||||
Schwab US Dividend Equity ETF
|
1,170
|
91,950
|
||||||
SPDR Portfolio S&P 500 ETF
|
3,930
|
190,919
|
||||||
Vanguard S&P 500 ETF
|
2,270
|
861,874
|
||||||
Vanguard Short-Term Inflation-Protected Securities ETF
|
6,210
|
316,337
|
||||||
5,015,634
|
||||||||
TOTAL EXCHANGE-TRADED FUNDS
|
||||||||
(Cost $5,191,610)
|
5,015,634
|
|||||||
MUTUAL FUNDS - 48.3%
|
||||||||
Mutual Funds — 48.3%
|
||||||||
SGI Global Equity Fund, Class I
|
84,773
|
2,959,437
|
||||||
SGI Small Cap Core Fund, Class I
|
47,760
|
1,235,562
|
||||||
SGI US Large Cap Equity Fund, Class I
|
82,689
|
1,552,896
|
||||||
SGI US Small Cap Equity Fund, Class I
|
45,441
|
518,478
|
||||||
6,266,373
|
||||||||
TOTAL MUTUAL FUNDS
|
||||||||
(Cost $6,396,445)
|
6,266,373
|
|||||||
SHORT-TERM INVESTMENTS - 12.6%
|
||||||||
U.S. Bank Money Market Deposit Account, 0.50% (a)
|
1,631,590
|
1,631,590
|
||||||
TOTAL SHORT-TERM INVESTMENTS
|
||||||||
(Cost $1,631,590)
|
1,631,590
|
|||||||
TOTAL INVESTMENTS - 99.6%
|
||||||||
(Cost $13,219,645)
|
12,913,597
|
|||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.4%
|
57,729
|
|||||||
NET ASSETS - 100.0%
|
$
|
12,971,326
|
*
|
Non-income producing security
|
|||||||
(a)
|
The rate shown is as of May 31, 2022.
|
|||||||
ETF
|
Exchange-Traded Funds
|
|||||||
The accompanying notes are an integral part of the portfolio of investments.
|
SUMMIT GLOBAL INVESTMENTS, LLC
|
||||||||
PORTFOLIO OF INVESTMENTS
|
||||||||
MAY 31, 2022 (UNAUDITED)
|
FAIR VALUE MEASUREMENTS – The inputs and valuation techniques used to measure the fair value of the Fund's investments are summarized into three levels as described in the hierarchy below:
|
||||||||||||||||
• Level 1 — Prices are determined using quoted prices in active markets for identical securities.
|
||||||||||||||||
• Level 2 — Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
|
||||||||||||||||
• Level 3 — Prices are determined using significant unobservable inputs (including the Funds' own assumptions in determining the fair value of investments).
|
||||||||||||||||
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
|
||||||||||||||||
The following is a summary of the inputs used, as of May 31, 2022, in valuing each Fund's investments carried at fair value:
|
||||||||||||||||
TOTAL
|
LEVEL 1
|
LEVEL 2
|
LEVEL 3
|
|||||||||||||
SGI Prudent Growth Fund
|
||||||||||||||||
Exchange-Traded Funds
|
$
|
5,015,634
|
$
|
5,015,634
|
$
|
-
|
$
|
-
|
||||||||
Mutual Funds
|
6,266,373
|
6,266,373
|
-
|
-
|
||||||||||||
Short-Term Investments
|
1,631,590
|
1,631,590
|
-
|
-
|
||||||||||||
Total Investments*
|
$
|
12,913,597
|
$
|
12,913,597
|
$
|
-
|
$
|
-
|
||||||||
* Please refer to Portfolio of Investments for further details.
|
||||||||||||||||
During the current fiscal period, the Fund had no Level 3 transfers.
|
||||||||
For more information with regard to significant accounting policies, see the most recent semi-annual or annual report filed with the Securities and Exchange Commission.
|