CBOE VEST S&P 500® DIVIDEND ARISTOCRATS TARGET INCOME FUND
Schedule of Investments |
July 31, 2022 (unaudited) |
||
99.73% |
COMMON STOCKS(A) |
Shares |
Fair Value |
|
|
||
3.40% |
BEVERAGES |
|
|
|
Brown-Forman Corp. - Class B . . . . . |
17,290 |
$ 1,283,264 |
|
The Coca-Cola Co. . . . . . . . . . . . |
17,751 |
1,139,082 |
|
|
|
2,422,346 |
7.58% |
CONSUMER DISCRETIONARY |
|
|
|
Genuine Parts Co. . . . . . . . . . . . |
8,667 |
1,324,924 |
|
Lowe’s Cos., Inc. . . . . . . . . . . . . |
5,878 |
1,125,813 |
|
McDonald’s Corp. . . . . . . . . . . . |
4,630 |
1,219,403 |
|
Target Corp. . . . . . . . . . . . . . . |
4,793 |
783,080 |
|
VF Corp. . . . . . . . . . . . . . . . |
21,222 |
948,199 |
3.50% |
ENERGY |
|
5,401,419 |
|
|
||
|
Chevron Corp. . . . . . . . . . . . . . |
7,197 |
1,178,725 |
|
Exxon Mobil Corp. . . . . . . . . . . . |
13,606 |
1,318,830 |
|
|
|
2,497,555 |
10.48% |
FINANCIAL |
|
|
|
Aflac, Inc. . . . . . . . . . . . . . . . |
18,278 |
1,047,329 |
|
Brown & Brown, Inc. . . . . . . . . . . |
17,101 |
1,113,275 |
|
Chubb Ltd. . . . . . . . . . . . . . . |
5,620 |
1,060,157 |
|
Cincinnati Financial Corp. . . . . . . . . |
8,476 |
825,054 |
|
Franklin Resources, Inc. . . . . . . . . . |
43,891 |
1,204,808 |
|
S&P Global, Inc. . . . . . . . . . . . . |
3,051 |
1,150,013 |
|
T. Rowe Price Group, Inc. . . . . . . . . |
8,628 |
1,065,299 |
|
|
|
7,465,935 |
10.08% |
FOOD & STAPLE RETAILING |
|
|
|
Archer-Daniels-Midland Co. . . . . . . . |
12,565 |
1,040,005 |
|
Hormel Foods Corp. . . . . . . . . . . |
21,618 |
1,066,632 |
|
McCormick & Co., Inc. . . . . . . . . . |
11,325 |
989,239 |
|
The Procter & Gamble Co. . . . . . . . |
7,183 |
997,791 |
|
Sysco Corp. . . . . . . . . . . . . . . |
13,044 |
1,107,436 |
|
Walgreens Boots Alliance, Inc. . . . . . . |
25,434 |
1,007,695 |
|
Walmart, Inc. . . . . . . . . . . . . . . |
7,384 |
975,057 |
|
|
|
7,183,855 |
1
QUARTERLY REPORT
CBOE VEST S&P 500® DIVIDEND ARISTOCRATS TARGET INCOME FUND
Schedule of Investments - continued |
July 31, 2022 (unaudited) |
||
10.68% |
HEALTH CARE |
Shares |
Fair Value |
|
|
||
|
Abbott Laboratories . . . . . . . . . . |
9,681 |
$ 1,053,680 |
|
AbbVie, Inc. . . . . . . . . . . . . . . |
7,473 |
1,072,450 |
|
Becton, Dickinson and Co. . . . . . . . |
4,542 |
1,109,656 |
|
Cardinal Health, Inc. . . . . . . . . . . |
18,912 |
1,126,399 |
|
Johnson & Johnson . . . . . . . . . . |
6,380 |
1,113,438 |
|
Medtronic PLC . . . . . . . . . . . . . |
10,745 |
994,127 |
|
West Pharmaceutical Services, Inc. . . . . |
3,312 |
1,137,871 |
|
|
|
7,607,621 |
7.70% |
HOUSEHOLD PRODUCTS |
|
|
|
Church & Dwight Co., Inc. . . . . . . . . |
11,268 |
991,246 |
|
The Clorox Co. . . . . . . . . . . . . . |
7,689 |
1,090,608 |
|
Colgate-Palmolive Co. . . . . . . . . . |
14,282 |
1,124,565 |
|
Kimberly-Clark Corp. . . . . . . . . . . |
8,362 |
1,102,028 |
|
PepsiCo, Inc. . . . . . . . . . . . . . |
6,728 |
1,177,131 |
|
|
|
5,485,578 |
20.32% |
INDUSTRIAL |
|
|
|
3M Co. . . . . . . . . . . . . . . . . |
7,765 |
1,112,259 |
|
A.O. Smith Corp. . . . . . . . . . . . . |
17,891 |
1,131,964 |
|
Caterpillar, Inc. . . . . . . . . . . . . . |
5,355 |
1,061,629 |
|
Cintas Corp. . . . . . . . . . . . . . . |
2,839 |
1,207,966 |
|
Dover Corp. . . . . . . . . . . . . . . |
8,100 |
1,082,808 |
|
Emerson Electric Co. . . . . . . . . . . |
12,375 |
1,114,616 |
|
Expeditors International of Washington, |
|
|
|
Inc. . . . . . . . . . . . . . . . . . |
11,649 |
1,237,706 |
|
General Dynamics Corp. . . . . . . . . |
4,851 |
1,099,576 |
|
Illinois Tool Works, Inc. . . . . . . . . . |
5,696 |
1,183,401 |
|
Pentair PLC . . . . . . . . . . . . . . |
21,987 |
1,074,944 |
|
Roper Technologies, Inc. . . . . . . . . |
2,551 |
1,113,945 |
|
Stanley Black & Decker, Inc. . . . . . . . |
8,186 |
796,743 |
|
W.W. Grainger, Inc. . . . . . . . . . . . |
2,320 |
1,260,990 |
|
|
|
14,478,547 |
3.29% |
INFORMATION TECHNOLOGY |
|
|
|
Automatic Data Processing, Inc. . . . . . |
5,182 |
1,249,484 |
|
International Business Machines Corp. . . |
8,378 |
1,095,759 |
|
|
|
2,345,243 |
2
QUARTERLY REPORT
CBOE VEST S&P 500® DIVIDEND ARISTOCRATS TARGET INCOME FUND
Schedule of Investments - continued |
July 31, 2022 (unaudited) |
|
|||
13.14% |
MATERIALS |
Shares |
|
Fair Value |
|
|
|
|
|
||
|
Air Products & Chemicals, Inc. . . . . . . |
4,768 |
$ |
1,183,561 |
|
|
Albemarle Corp. . . . . . . . . . . . . |
5,773 |
|
1,410,402 |
|
|
Amcor PLC . . . . . . . . . . . . . . |
100,024 |
|
1,295,311 |
|
|
Ecolab, Inc. . . . . . . . . . . . . . . |
6,611 |
|
1,091,939 |
|
|
Linde PLC . . . . . . . . . . . . . . . |
3,740 |
|
1,129,480 |
|
|
Nucor Corp. . . . . . . . . . . . . . . |
7,192 |
|
976,673 |
|
|
PPG Industries, Inc. . . . . . . . . . . . |
8,719 |
|
1,127,279 |
|
|
The Sherwin-Williams Co. . . . . . . . . |
4,729 |
|
1,144,134 |
|
|
|
|
|
9,358,779 |
|
4.37% |
REAL ESTATE |
|
|
|
|
|
Essex Property Trust, Inc. . . . . . . . . |
3,295 |
|
944,116 |
|
|
Federal Realty Investment Trust . . . . . |
9,510 |
|
1,004,351 |
|
|
Realty Income Corp. . . . . . . . . . . |
15,750 |
|
1,165,342 |
|
|
|
|
|
3,113,809 |
|
5.19% |
UTILITIES |
|
|
|
|
|
Atmos Energy Corp. . . . . . . . . . . |
9,758 |
|
1,184,524 |
|
|
Consolidated Edison, Inc. . . . . . . . . |
12,004 |
|
1,191,637 |
|
|
NextEra Energy, Inc. . . . . . . . . . . |
15,663 |
|
1,323,367 |
|
|
|
|
|
3,699,528 |
|
99.73% |
TOTAL COMMON STOCKS(A) . . . . . . . . . . . . . . |
|
71,060,215 |
|
|
0.27% |
MONEY MARKET FUNDS |
|
|
|
|
|
Federated Treasury Obligations Fund |
|
|
|
|
|
Institutional Class 2.05%* . . . . . . . |
194,256 |
|
194,256 |
|
100.00% |
TOTAL INVESTMENTS . . . . . . . . . . . . . . . . |
|
71,254,471 |
|
|
0.00% |
Liabilities, in excess of other assets . . . . . . . . . . . . . . . . . . . . . . |
|
(8,389) |
||
100.00% |
NET ASSETS . . . . . . . . . . . . . . . . . . . . . |
$ |
71,246,082 |
|
|
* Effective 7 day yield as of July 31, 2022
(A)All or a portion of securities are held as collateral for options written
3
QUARTERLY REPORT
CBOE VEST S&P 500® DIVIDEND ARISTOCRATS TARGET INCOME FUND
Schedule of Investments - continued |
|
July 31, 2022 (unaudited) |
|
||||
(0.12%) OPTIONS WRITTEN |
|
|
|
|
|
|
|
|
|
Number |
|
|
|
|
|
|
|
of |
Notional |
Exercise |
Expiration |
|
|
|
Description |
Contracts |
Amount |
Price |
Date |
Value |
|
|
CALL OPTIONS |
|
|
|
|
|
|
|
Abbott Laboratories . |
7 |
$(76,188) |
$109.00 |
07/30/22 $ |
(154) |
|
|
Abbvie, Inc. . . . . . |
4 |
(57,404) |
148.00 |
07/30/22 |
(64) |
|
|
Aflac, Inc. . . . . . |
14 |
(80,220) |
55.00 |
07/30/22 |
(3,262) |
|
|
Archer-Daniels- |
|
|
|
|
|
|
|
Midland Co. . . . |
6 |
(49,662) |
74.00 |
07/30/22 |
(5,280) |
|
|
Automatic Data |
|
|
|
|
|
|
|
Processing, Inc. . . |
2 |
(48,224) |
220.00 |
07/30/22 |
(4,230) |
|
|
Becton, Dickinson |
|
|
|
|
|
|
|
and Co. . . . . . |
3 |
(73,293) |
242.50 |
07/30/22 |
(1,440) |
|
|
Cardinal Health, Inc. . |
17 |
(101,252) |
57.00 |
07/30/22 |
(4,335) |
|
|
Caterpillar, Inc. . . . |
2 |
(39,650) |
177.50 |
07/30/22 |
(4,200) |
|
|
Chevron Corp. . . . |
3 |
(49,134) |
144.00 |
07/30/22 |
(5,925) |
|
|
The Clorox Co. . . . |
7 |
(99,288) |
148.00 |
07/30/22 |
(70) |
|
|
The Coca-Cola Co. . |
9 |
(57,753) |
61.00 |
07/30/22 |
(2,907) |
|
|
Colgate-Palmolive Co. |
7 |
(55,118) |
77.00 |
07/30/22 |
(1,225) |
|
|
Emerson Electric Co. . |
9 |
(81,063) |
83.00 |
07/30/22 |
(6,435) |
|
|
Exxon Mobile Corp. . |
5 |
(48,465) |
87.00 |
07/30/22 |
(4,950) |
|
|
General Dynamics |
|
|
|
|
|
|
|
Corp. . . . . . . |
3 |
(68,001) |
217.50 |
07/30/22 |
(2,730) |
|
|
Hormel Foods Corp. . |
13 |
(64,142) |
47.00 |
07/30/22 |
(3,055) |
|
|
IBM . . . . . . . . |
7 |
(91,553) |
128.00 |
07/30/22 |
(1,911) |
|
|
Illinois Tool Works, Inc. |
3 |
(62,328) |
190.00 |
07/30/22 |
(5,340) |
|
|
Johnson & Johnson . |
8 |
(139,616) |
172.50 |
07/30/22 |
(1,648) |
|
|
Kimberly-Clark Corp. . |
4 |
(52,716) |
132.00 |
07/30/22 |
(80) |
|
|
Lowes Corp. . . . . |
3 |
(57,459) |
195.00 |
07/30/22 |
(3) |
|
|
McDonald’s Corp. . . |
3 |
(79,011) |
252.50 |
07/30/22 |
(3,360) |
|
|
Medtronic Plc. . . . |
7 |
(64,764) |
90.00 |
07/30/22 |
(1,799) |
|
|
3M Co. . . . . . . . |
4 |
(57,296) |
134.00 |
07/30/22 |
(3,720) |
|
|
Nucor Corp. . . . . |
2 |
(27,160) |
120.00 |
07/30/22 |
(3,154) |
|
|
PepsiCo., Inc. . . . . |
8 |
(139,968) |
170.00 |
07/30/22 |
(4,104) |
|
|
PPG Industries, Inc. . |
4 |
(51,716) |
127.00 |
07/30/22 |
(908) |
|
|
The Procter & |
|
|
|
|
|
|
|
Gamble Co. . . . |
4 |
(55,564) |
142.00 |
07/30/22 |
(4) |
|
4
QUARTERLY REPORT
CBOE VEST S&P 500® DIVIDEND ARISTOCRATS TARGET INCOME FUND
Schedule of Investments - continued |
|
July 31, 2022 (unaudited) |
|
|||||
|
|
Number |
|
|
|
|
|
|
|
|
of |
Notional |
Exercise |
Expiration |
|
|
|
|
Description |
Contracts |
Amount |
Price |
Date |
|
Value |
|
|
S&P Global, Inc. . . . |
2 |
$(75,386) |
$362.50 |
07/30/22 |
$ |
(2,780) |
|
|
Sysco Corp. . . . . |
10 |
(84,900) |
87.00 |
07/30/22 |
|
(50) |
|
|
Target Corp. . . . . |
3 |
(49,014) |
157.50 |
07/30/22 |
|
(1,800) |
|
|
VF Corp. . . . . . . |
6 |
(26,808) |
47.50 |
07/30/22 |
|
(60) |
|
|
Walgreens Boots . . |
15 |
(59,430) |
38.50 |
07/30/22 |
|
(1,725) |
|
|
Walmart, Inc. . . . . |
6 |
(79,230) |
132.00 |
07/30/22 |
|
(66) |
|
(0.12%) |
TOTAL CALL OPTIONS WRITTEN . . . . . |
. . . . |
. . . . . . |
|
|
|
||
|
(82,774) |
|||||||
|
|
|
|
|
|
|
||
(0.12%) |
TOTAL OPTIONS WRITTEN . . . . . . . . |
. . . . |
. . . . . |
$ |
(82,774) |
|||
|
|
|
|
|
|
|
|
|
In accordance with U.S. GAAP, “fair value” is defined as the price that a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. Various inputs are used in determining the value of a Fund’s investments. U.S. GAAP established a three-tier hierarchy of inputs to establish a classification of fair value measurements for disclosure purposes. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining fair value of investments).
The inputs or methodology 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 to value the Fund’s investments as of July 31, 2022:
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
|
|
|
|
|
|
Other |
|
|
|
|
|
|
|
|
|
|
|
Significant |
|
Significant |
|
|
|
|
|
|
|
|
Observable |
Unobservable |
|
|
|
|||
|
Quoted Prices |
|
|
Inputs |
|
Inputs |
|
Total |
|||
COMMON STOCKS . . . . |
$ |
71,060,215 |
$ |
— |
$ |
— |
$ |
71,060,215 |
|
||
MONEY MARKET FUNDS . |
|
194,256 |
|
|
— |
|
— |
|
194,256 |
|
|
TOTAL INVESTMENTS . . . |
$ |
71,254,471 |
$ |
— |
$ |
— |
$ |
71,254,471 |
|
||
OPTIONS WRITTEN . . . . |
|
|
|
|
|
|
|
|
|||
$ |
— |
$ |
(82,774) |
$ |
— |
$ |
(82,774) |
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
5
QUARTERLY REPORT
CBOE VEST S&P 500® DIVIDEND ARISTOCRATS TARGET INCOME FUND
Schedule of Investments - continued |
July 31, 2022 (unaudited) |
The Fund held no Level 3 securities at any time during the period.
There were no transfers into or out of Levels 1 and 2 during the period ended July 31, 2022.
At July 31, 2022 the cost of investments for Federal income tax purposes has been estimated since the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purpose is $52,348,640 and the related tax-based net unrealized appreciation (depreciation) consists of:
Gross unrealized appreciation . . . . |
$ 19,508,820 |
|
Gross unrealized depreciation . . . . |
(685,763) |
|
Net unrealized appreciation . . . . . |
$ 18,823,057 |
|
6
QUARTERLY REPORT