SGI PEAK GROWTH FUND
|
||||||||
PORTFOLIO OF INVESTMENTS
|
||||||||
NOVEMBER 30, 2021 (UNAUDITED)
|
||||||||
NUMBER
|
||||||||
EXCHANGE-TRADED FUNDS - 23.5%
|
OF SHARES
|
VALUE
|
||||||
Exchange-Traded Funds — 23.5%
|
||||||||
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
|
8,240
|
$
|
167,025
|
|||||
Invesco QQQ Trust Series 1
|
1,350
|
531,657
|
||||||
iShares Core MSCI EAFE ETF
|
11,440
|
834,890
|
||||||
iShares Core S&P Small-Cap ETF
|
3,420
|
377,260
|
||||||
iShares Edge MSCI Min Vol USA ETF
|
2,150
|
163,314
|
||||||
iShares MSCI USA Momentum Factor ETF
|
2,870
|
525,641
|
||||||
iShares MSCI USA Quality Factor ETF
|
1,160
|
163,595
|
||||||
2,763,382
|
||||||||
TOTAL EXCHANGE-TRADED FUNDS
|
||||||||
(Cost $2,608,220)
|
2,763,382
|
|||||||
MUTUAL FUNDS - 75.2%
|
||||||||
Mutual Funds — 75.2%
|
||||||||
SGI Global Equity Fund, Class I
|
92,902
|
3,553,492
|
||||||
SGI Small Cap Growth Fund, Class I
|
66,077
|
2,448,169
|
||||||
SGI US Large Cap Equity Fund, Class I
|
91,537
|
2,125,485
|
||||||
SGI US Small Cap Equity Fund, Class I
|
58,848
|
704,410
|
||||||
8,831,556
|
||||||||
TOTAL MUTUAL FUNDS
|
||||||||
(Cost $7,745,418)
|
8,831,556
|
|||||||
TOTAL INVESTMENTS - 98.7%
|
||||||||
(Cost $10,353,638)
|
11,594,938
|
|||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 1.3%
|
149,370
|
|||||||
NET ASSETS - 100.0%
|
$
|
11,744,308
|
ETF
|
Exchange-Traded Funds
|
|||||||
The accompanying notes are an integral part of the portfolio of investments.
|
SUMMIT GLOBAL INVESTMENTS, LLC
|
||||||||
PORTFOLIO OF INVESTMENTS
|
||||||||
NOVEMBER 30, 2021 (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 November 30, 2021, in valuing each Fund's investments carried at fair value:
|
TOTAL
|
LEVEL 1
|
LEVEL 2
|
LEVEL 3
|
|||||||||||||
SGI Peak Growth Fund
|
||||||||||||||||
Exchange-Traded Funds
|
$
|
2,763,382
|
$
|
2,763,382
|
$
|
-
|
$
|
-
|
||||||||
Mutual Funds
|
8,831,556
|
8,831,556
|
-
|
-
|
||||||||||||
Total Investments*
|
$
|
11,594,938
|
$
|
11,594,938
|
$
|
-
|
$
|
-
|
||||||||
|
||||||||||||||||
* 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.
|