BLUEPRINT ADAPTIVE GROWTH ALLOCATION FUND
SCHEDULE OF INVESTMENTS
May 31, 2025 (Unaudited)
 
COMMON STOCKS - 84.4% Shares Value
Communications - 8.6%    
Cable & Satellite - 0.0% (a)    
Charter Communications, Inc. - Class A (b) 138   $ 54,685  
       
Entertainment Content - 0.8%    
Bandai Namco Holdings, Inc. - ADR 24,534   388,128  
Universal Music Group N.V. - ADR 29,631   471,429  
Walt Disney Company (The) 5,222   590,295  
        1,449,852  
Internet Media & Services - 6.2%    
Alphabet, Inc. - Class A 7,918   1,359,837  
Alphabet, Inc. - Class C 6,431   1,111,598  
Auto Trader Group plc - ADR 153,024   405,514  
Booking Holdings, Inc. 125   689,866  
Maplebear, Inc. (b) 4,976   227,254  
Meta Platforms, Inc. - Class A 6,381   4,131,634  
Netflix, Inc. (b) 1,886   2,276,836  
Prosus N.V. - ADR 45,673   463,581  
Shopify, Inc. - Class A (b) 3,913   419,552  
        11,085,672  
Telecommunications - 1.6%    
AT&T, Inc. 29,970   833,166  
Deutsche Telekom AG - ADR 30,396   1,150,488  
T-Mobile US, Inc. 665   161,063  
Verizon Communications, Inc. 15,560   684,018  
        2,828,735  
Consumer Discretionary - 8.9%    
Apparel & Textile Products - 0.6%    
adidas AG - ADR 1,696   211,169  
CIE Financiere Richermont S.A. - ADR 23,728   446,798  
Hermes International SCA - ADR 1,539   424,072  
        1,082,039  
Automotive - 1.9%    
Dorman Products, Inc. (b) 697   90,129  
Ferrari N.V. 911   436,150  
Tesla, Inc. (b) 7,645   2,648,687  
 
 

 

BLUEPRINT ADAPTIVE GROWTH ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Continued)
 
COMMON STOCKS - 84.4% (Continued) Shares Value
Consumer Discretionary - 8.9% (Continued)    
Automotive - 1.9% (Continued)    
Toyota Motor Corporation - ADR 1,080   $ 205,816  
        3,380,782  
Consumer Services - 0.3%    
Adtalem Global Education, Inc. (b) 1,498   197,781  
Grand Canyon Education, Inc. (b) 661   130,775  
Stride, Inc. (b) 1,356   205,285  
        533,841  
E-Commerce Discretionary - 3.2%    
Amazon.com, Inc. (b) 27,216   5,579,552  
Chewy, Inc. - Class A(b) 3,997   180,865  
        5,760,417  
Home & Office Products - 0.1%    
Somnigroup International, Inc. 3,501   227,775  
       
Home Construction - 0.5%    
Armstrong World Industries, Inc. 1,376   214,147  
Cavco Industries, Inc. (b) 246   106,664  
Geberit AG - ADR 6,084   453,745  
        774,556  
Leisure Facilities & Services - 1.3%    
Amadeus IT Group S.A. - ADR 5,326   443,549  
Brinker International, Inc. (b) 1,690   291,745  
Cinemark Holdings, Inc. 4,321   145,920  
McDonald's Corporation 2,911   913,617  
Planet Fitness, Inc. - Class A (b) 2,243   230,648  
Texas Roadhouse, Inc. 1,535   299,647  
        2,325,126  
Retail - Discretionary - 1.0%    
Fast Retailing Comapny Ltd. - ADR 12,452   413,655  
Group 1 Automotive, Inc. 461   195,427  
Industria de Diseno Textil S.A. - ADR 15,392   416,969  
Wesfarmers Ltd. - ADR 17,113   457,602  
Williams-Sonoma, Inc. 2,065   334,035  
        1,817,688  
 
 

 

BLUEPRINT ADAPTIVE GROWTH ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Continued)
 
COMMON STOCKS - 84.4% (Continued) Shares Value
Consumer Staples - 6.7%    
Beverages - 0.9%    
Anheuser-Busch InBev S.A./N.V. - ADR 6,046   $ 426,183  
Coca-Cola Company (The) 15,375   1,108,537  
Coca-Cola Consolidated, Inc. 785   90,000  
        1,624,720  
Food - 0.6%    
BellRing Brands, Inc. (b) 3,779   237,888  
Cal-Maine Foods, Inc. 1,887   181,020  
Mondelez International, Inc. - Class A 3,416   230,546  
Nestlé S.A. - ADR 3,997   425,720  
        1,075,174  
Household Products - 0.8%    
Colgate-Palmolive Company 1,164   108,182  
Haleon plc - ADR 41,066   466,099  
L'Oreal S.A. - ADR 5,106   431,355  
Unilever plc - ADR 6,706   428,111  
        1,433,747  
Retail - Consumer Staples - 2.9%    
BJ's Wholesale Club Holdings, Inc. (b) 3,833   433,934  
Casey's General Stores, Inc. 942   412,370  
Costco Wholesale Corporation 1,756   1,826,556  
Sprouts Farmers Market, Inc. (b) 4,815   832,321  
Walmart, Inc. 17,395   1,717,234  
        5,222,415  
Tobacco & Cannabis - 1.2%    
Altria Group, Inc. 6,582   398,935  
British American Tobacco plc - ADR     9,858   445,581  
Philip Morris International, Inc. 6,967   1,258,171  
        2,102,687  
Wholesale - Consumer Staples - 0.3%    
US Foods Holding Corporation (b) 6,408   507,001  
       
Energy - 1.4%    
Oil & Gas Producers - 1.2%    
Antero Midstream Corporation 6,789   127,497  
Antero Resources Corporation (b) 6,344   237,583  
 
 

 

BLUEPRINT ADAPTIVE GROWTH ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Continued)
 
COMMON STOCKS - 84.4% (Continued) Shares Value
Energy - 1.4% (Continued)    
Oil & Gas Producers - 1.2% (Continued)    
DT Midstream, Inc. 4,814   $ 504,218  
Enbridge, Inc. 21,799   1,013,218  
Shell plc - ADR 3,210   212,566  
        2,095,082  
Oil & Gas Services & Equipment - 0.1%    
Archrock, Inc. 4,930   122,757  
       
Renewable Energy - 0.1%    
Vestas Wind Systems A/S - ADR 40,643   213,376  
       
Financials - 17.1%    
Asset Management - 0.9%    
Brookfield Corporation 7,409   427,648  
Charles Schwab Corporation (The) 6,810   601,595  
StepStone Group, Inc. - Class A 2,361   136,584  
UBS Group AG 13,445   428,761  
        1,594,588  
Banking - 6.8%    
Banco BBVA Argentina S.A. - ADR 20,235   397,820  
Banco Santander S.A. - ADR 56,737   452,194  
Bank of America Corporation 19,271   850,429  
Bank of Montreal 4,003   429,722  
Bank of Nova Scotia (The) 4,018   215,044  
Barclays plc - ADR 26,172   466,647  
BNP Paribas S.A. - ADR 23,359   1,027,095  
Citigroup, Inc. 5,438   409,590  
Commerce Bancshares, Inc. 2,829   178,255  
Commonwealth Bank of Australia - ADR 4,527   516,259  
DBS Group Holdings Ltd. - ADR 3,052   421,176  
East West Bancorp, Inc. 3,095   282,264  
First Horizon Corporation 13,358   265,557  
HSBC Holdings plc - ADR 7,194   426,460  
Intesa Sanpaolo S.p.A. - ADR 12,901   432,183  
JPMorgan Chase & Company 8,015   2,115,960  
Lloyds Banking Group plc - ADR 105,613   444,631  
 
 

 

BLUEPRINT ADAPTIVE GROWTH ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Continued)
 
COMMON STOCKS - 84.4% (Continued) Shares Value
Financials - 17.1% (Continued)    
Banking - 6.8% (Continued)    
Mitsubishi UFJ Financial Group, Inc. - ADR 31,009   $ 437,847  
Mizuho Financial Group, Inc. - ADR 77,437   430,550  
National Australia Bank Ltd. - ADR 17,655   217,686  
Old National Bancorp 7,617   158,891  
Royal Bank of Canada 3,396   430,138  
Toronto-Dominion Bank (The) 6,226   429,905  
US Bancorp 2,457   107,101  
Wells Fargo & Company 9,640   720,879  
        12,264,283  
Institutional Financial Services - 3.1%    
Bank of New York Mellon Corporation (The) 1,994   176,688  
BlackRock, Inc. 418   409,594  
Deutsche Boerse AG - ADR 13,395   431,453  
Evercore, Inc. - Class A 457   105,791  
Goldman Sachs Group, Inc. (The) 910   546,409  
Hong Kong Exchanges and Clearing Ltd. - ADR 23,496   1,176,680  
Houlihan Lokey, Inc. 1,535   268,134  
Interactive Brokers Group, Inc. - Class A 4,499   943,350  
London Stock Exchange Group plc - ADR 10,890   417,523  
Morgan Stanley 3,611   462,316  
PJT Partners, Inc. - Class A 503   75,782  
SEI Investments Company 2,526   215,367  
StoneX Group, Inc. (b) 1,692   143,236  
Virtu Financial, Inc. - Class A 3,940   158,349  
        5,530,672  
Insurance - 5.4%    
AIA Group Ltd. - ADR 12,898   428,988  
Allianz SE - ADR 28,026   1,109,549  
American International Group, Inc. 1,708   144,565  
AXA S.A. - ADR 8,871   419,421  
Berkshire Hathaway, Inc. - Class B (b) 8,105   4,084,596  
Equitable Holdings, Inc. 9,974   527,325  
Muenchener Rueckversicherungs-Gesellschaft AG - ADR 31,150   404,327  
Old Republic International Corporation 7,618   287,960  
Palomar Holdings, Inc. (b) 763   130,832  
 
 

 

BLUEPRINT ADAPTIVE GROWTH ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Continued)
 
COMMON STOCKS - 84.4% (Continued) Shares Value
Financials - 17.1% (Continued)    
Insurance - 5.4% (Continued)    
Reinsurance Group of America, Inc. 703   $ 142,913  
Ryan Specialty Holdings, Inc. 2,648   189,517  
Sompo Holdings, Inc. - ADR 25,227   380,675  
Swiss Re AG - ADR     9,555   424,720  
Tokio Marine Holdings, Inc. - ADR 10,550   446,687  
Unum Group 6,357   519,431  
        9,641,506  
Specialty Finance - 0.9%    
Adyen N.V. - ADR (b) 25,628   490,776  
American Express Company 1,564   459,894  
Capital One Financial Corporation 936   177,045  
MGIC Investment Corporation 7,865   208,029  
Mr. Cooper Group, Inc. (b) 1,812   234,708  
SLM Corporation 4,313   139,612  
        1,710,064  
Health Care - 3.6%    
Biotech & Pharma - 2.0%    
AbbVie, Inc. 3,248   604,485  
ADMA Biologics, Inc. (b) 12,556   249,111  
Corcept Therapeutics, Inc. (b) 4,328   335,680  
Daiichi Sankyo Company Ltd. - ADR 7,884   210,503  
Exelixis, Inc. (b) 5,831   250,966  
Gilead Sciences, Inc. 5,565   612,595  
GSK plc - ADR 10,738   440,580  
Halozyme Therapeutics, Inc. (b) 1,612   90,385  
Novartis AG - ADR 3,795   439,309  
Roche Holding AG - ADR 5,128   206,659  
Sanofi S.A. - ADR 3,949   194,962  
        3,635,235  
Health Care Facilities & Services - 0.5%    
CVS Health Corporation 1,696   108,612  
Encompass Health Corporation 3,291   397,882  
Tenet Healthcare Corporation (b) 2,097   353,910  
        860,404  
 
 

 

BLUEPRINT ADAPTIVE GROWTH ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Continued)
 
COMMON STOCKS - 84.4% (Continued) Shares Value
Health Care - 3.6% (Continued)    
Medical Equipment & Devices - 1.1%    
Abbott Laboratories 7,668   $ 1,024,292  
EssilorLuxottica S.A. - ADR 2,946   410,849  
Intuitive Surgical, Inc. (b) 1,021   563,939  
        1,999,080  
Industrials - 8.6%    
Aerospace & Defense - 2.1%    
Airbus SE - ADR 9,221   422,045  
BAE Systems plc - ADR 4,506   463,217  
Boeing Company (The) (b) 2,114   438,275  
Curtiss-Wright Corporation 862   379,375  
General Dynamics Corporation 324   90,231  
Rheinmetall AG - ADR 998   425,238  
Rolls-Royce Holdings plc - ADR     41,106   477,241  
RTX Corporation 3,688   503,338  
Safran SA - ADR 6,375   468,817  
        3,667,777  
Commercial Support Services - 0.4%    
Clean Harbors, Inc. (b) 553   125,415  
CorVel Corporation (b) 671   74,662  
H&R Block, Inc. 5,206   296,482  
Recruit Holdings Company Ltd. - ADR 17,524   208,535  
        705,094  
Diversified Industrials - 1.8%    
3M Company 1,542   228,756  
Emerson Electric Company 742   88,580  
General Electric Company 4,223   1,038,478  
Hitachi Ltd. - ADR 15,331   426,202  
Honeywell International, Inc. 1,816   411,633  
Siemens AG - ADR 8,797   1,064,085  
        3,257,734  
Electrical Equipment - 0.9%    
Acuity, Inc. 609   158,273  
Badger Meter, Inc. 721   178,967  
Itron, Inc. (b) 939   108,548  
 
 

 

BLUEPRINT ADAPTIVE GROWTH ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Continued)
 
COMMON STOCKS - 84.4% (Continued) Shares Value
Industrials - 8.6% (Continued)    
Electrical Equipment - 0.9% (Continued)    
nVent Electric plc 3,850   $ 253,330  
OSI Systems, Inc. (b) 407   89,178  
Schneider Electric SE - ADR 4,210   211,131  
Siemens Energy AG - ADR (b) 5,255   512,099  
SPX Technologies, Inc. (b) 928   141,140  
        1,652,666  
Engineering & Construction - 1.0%    
Comfort Systems USA, Inc. 864   413,191  
Dycom Industries, Inc. (b) 626   143,930  
EMCOR Group, Inc. 1,443   680,894  
Frontdoor, Inc. (b) 2,571   141,430  
Granite Construction, Inc. 1,985   177,558  
MasTec, Inc. (b) 2,060   321,216  
        1,878,219  
Industrial Intermediate Products - 0.1%    
Mueller Industries, Inc. 2,520   196,232  
       
Industrial Support Services - 0.4%    
Applied Industrial Technologies, Inc. 535   121,188  
Core & Main, Inc. - Class A (b) 4,325   237,053  
RB Global, Inc. 4,096   431,309  
        789,550  
Machinery - 0.7%    
Caterpillar, Inc. 657   228,656  
Deere & Company 1,003   507,779  
Enerpac Tool Group Corporation 1,621   69,508  
Esab Corporation 1,298   159,641  
Gates Industrial Corporation plc (b) 6,637   140,373  
Zurn Elkay Water Solutions Corporation 2,933   106,145  
        1,212,102  
Transportation & Logistics - 0.9%    
Canadian National Railway Company 2,021   212,084  
Canadian Pacific Kansas City Ltd. 2,621   214,005  
Deutsche Post AG - ADR 9,608   430,438  
Kone OYJ - B Shares - ADR 14,498   450,888  
 
 

 

BLUEPRINT ADAPTIVE GROWTH ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Continued)
 
COMMON STOCKS - 84.4% (Continued) Shares Value
Industrials - 8.6% (Continued)    
Transportation & Logistics - 0.9% (Continued)    
Ryder System, Inc. 944   $ 138,891  
SkyWest, Inc. (b) 1,736   176,117  
        1,622,423  
Transportation Equipment - 0.2%    
Volvo AB - B Shares - ADR 15,320   425,743  
       
Materials - 2.1%    
Chemicals - 1.0%    
BASF SE - ADR 65,958   794,134  
Linde plc 2,216   1,036,157  
        1,830,291  
Construction Materials - 0.2%    
Knife River Corporation (b) 1,742   163,922  
MDU Resources Group, Inc. 8,531   146,648  
        310,570  
Containers & Packaging - 0.3%    
Brambles Ltd. - ADR 16,289   488,996  
       
Metals & Mining - 0.3%    
BHP Group Ltd. - ADR 4,331   212,176  
Rio Tinto plc - ADR 3,535   210,085  
Sumitomo Metal Mining Company Ltd. - ADR 37,689   214,450  
        636,711  
Steel - 0.3%    
Carpenter Technology Corporation 2,207   518,645  
       
Real Estate - 5.7%    
REITs - 5.7%    
American Homes 4 Rent - Class A 8,514   322,255  
American Tower Corporation 8,559   1,837,189  
CareTrust REIT, Inc. 4,973   143,024  
Crown Castle, Inc. 5,140   515,799  
Digital Realty Trust, Inc. 6,674   1,144,725  
Equinix, Inc. 897   797,272  
Essential Properties Realty Trust, Inc. 3,699   120,218  
 
 

 

BLUEPRINT ADAPTIVE GROWTH ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Continued)
 
COMMON STOCKS - 84.4% (Continued) Shares Value
Real Estate - 5.7% (Continued)    
REITs - 5.7% (Continued)    
GEO Group, Inc. (The) (b) 2,924   $ 79,357  
Invitation Homes, Inc. 14,366   484,134  
Iron Mountain, Inc. 3,433   338,871  
Mid-America Apartment Communities, Inc. 1,476   231,215  
Regency Centers Corporation 2,209   159,379  
Sabra Health Care REIT, Inc. 6,118   106,943  
SBA Communications Corporation 2,631   610,103  
Texas Pacific Land Corporation 503   560,357  
VICI Properties, Inc. 25,106   796,111  
Vornado Realty Trust 3,679   138,588  
Welltower, Inc. 12,097   1,866,325  
        10,251,865  
Technology - 20.1%    
Semiconductors - 7.3%    
Advanced Micro Devices, Inc. (b) 2,335   258,554  
ASML Holding N.V. 283   208,506  
Broadcom, Inc. 13,368   3,235,992  
NVIDIA Corporation 66,992   9,052,629  
Texas Instruments, Inc. 1,346   246,116  
        13,001,797  
Software - 7.7%    
ACI Worldwide, Inc. (b) 1,978   91,502  
CommVault Systems, Inc. (b) 737   134,982  
Doximity, Inc. - Class A (b) 2,028   105,639  
Duolingo, Inc. (b) 948   492,590  
Guidewire Software, Inc. (b) 2,816   605,496  
Intuit, Inc. 686   516,880  
Microsoft Corporation 20,868   9,606,792  
Oracle Corporation 2,285   378,236  
Palantir Technologies, Inc. - Class A (b) 6,174   813,610  
SAP SE - ADR 1,431   433,393  
ServiceNow, Inc. (b) 595   601,599  
        13,780,719  
 
 

 

BLUEPRINT ADAPTIVE GROWTH ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Continued)
 
COMMON STOCKS - 84.4% (Continued) Shares Value
Technology - 20.1% (Continued)    
Technology Hardware - 1.7%    
Cisco Systems, Inc. 10,958   $ 690,792  
Flex Ltd. (b) 8,929   377,697  
InterDigital, Inc. 920   199,879  
Nintendo Company Ltd. - ADR 20,313   415,198  
Sanmina Corporation (b) 1,069   90,534  
Sony Group Corporation - ADR 44,058   1,162,250  
TD SYNNEX Corporation 870   105,566  
        3,041,916  
Technology Services - 3.4%    
CACI International, Inc. - Class A (b) 313   133,964  
ExlService Holdings, Inc. (b) 5,408   248,714  
Experian plc - ADR 8,569   427,422  
International Business Machines Corporation 2,669   691,431  
Kyndryl Holdings, Inc. (b) 5,003   195,317  
Mastercard, Inc. - Class A 2,305   1,349,808  
RELX plc - ADR 7,831   422,247  
Visa, Inc. - Class A 7,263   2,652,375  
        6,121,278  
Utilities - 1.6%    
Electric Utilities - 1.5%    
Duke Energy Corporation 1,077   126,785  
Enel S.p.A. - ADR 107,599   985,607  
Iberdrola S.A. - ADR 5,829   427,091  
National Grid plc - ADR 5,738   409,636  
OGE Energy Corporation 5,241   233,067  
Southern Company (The) 4,321   388,890  
TXNM Energy, Inc. 2,502   141,838  
        2,712,914  
Gas & Water Utilities - 0.1%    
National Fuel Gas Company 3,028   249,931  
       
Total Common Stocks (Cost $133,958,529) $ 151,307,132  
       
         
 
 

 

BLUEPRINT ADAPTIVE GROWTH ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Continued)
 
EXCHANGE-TRADED FUNDS - 13.7% Shares Value
Cambria Tactical Yield ETF 39,500   $ 1,007,053  
ClearShares Ultra-Short Maturity ETF 20,000   2,002,700  
Global X MSCI Greece ETF 5,336   293,480  
iShares China Large-Cap ETF 75,177   2,631,195  
iShares Gold Trust (b) 71,732   4,458,861  
iShares MSCI Brazil ETF 30,045   817,525  
iShares MSCI Chile ETF 18,504   582,876  
iShares MSCI China ETF 49,699   2,625,101  
iShares MSCI India ETF 70,595   3,834,014  
iShares MSCI Malaysia ETF 2,926   70,107  
iShares MSCI Mexico ETF 13,069   786,362  
iShares MSCI Philippines ETF 6,988   190,353  
iShares MSCI Qatar ETF 11,556   216,675  
iShares MSCI South Africa ETF 2,836   148,068  
iShares MSCI South Korea ETF 23,860   1,446,632  
iShares MSCI Taiwan ETF 10,743   562,718  
iShares MSCI UAE ETF 13,685   254,130  
Xtrackers Harvest CSI 300 China A Shares ETF 100,254   2,640,690  
Total Exchange-Traded Funds (Cost $22,335,635) $ 24,568,540  
         
         
 
 

 

BLUEPRINT ADAPTIVE GROWTH ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Continued)
 
MONEY MARKET FUNDS - 1.8% Shares Value
Federated Hermes Government Obligations Fund -
Institutional Class, 4.17% (c)
651,248   $ 651,248  
First American Government Obligations Fund - Class X, 4.23% (c) 2,547,219   2,547,219  
Total Money Market Funds (Cost $3,198,467) $ 3,198,467  
         
Investments at Value - 99.9% (Cost $159,492,631) $ 179,074,139  
       
Other Assets in Excess of Liabilities - 0.1% 137,086  
       
Net Assets - 100.0% $ 179,211,225  
 

 

 

 

(a) Percentage rounds to less than 0.1%.
(b) Non-income producing security.
(c) The rate shown is the 7-day effective yield as of May 31, 2025.

 

 

 

A/S - Aktieselskab
ADR - American Depositary Receipt
AG - Aktiengesellschaft
N.V. - Naamloze Vennootschap
OYJ - Julkinen Osakeyhtio
plc - Public Limited Company
S.A. - Societe Anonyme
SE - Societe Europaea
S.p.A. - Societa per azioni