Advisors Capital Active All Cap Fund
			Schedule of Investments
			June 30, 2025 (Unaudited)
Shares							Fair Value	% of Net Assets
EXCHANGE TRADED FUNDS
Equity
130,500		iShares Core S&P 500 ETF (a)					$  81,027,450
163,100		iShares Core S&P Mid-Cap ETF					10,115,462
459,100		SPDR® Portfolio S&P 1500 Composite Stock Market ETF					34,381,999
92,600		Vanguard Growth ETF					40,595,840
194,600		Vanguard Value ETF					34,393,604
Total for Exchange Traded Funds (Cost - $169,408,198)							200,514,355		98.69%
MONEY MARKET FUNDS
3,875,411		Goldman Sachs FS Government Fund Institutional -
		Class 4.22% ***					3,875,411		1.91%
Total for Money Market Funds (Cost - $3,875,411)
		Total Investments					204,389,766		100.60%
		(Cost - $173,283,609)
		Liabilities in Excess of Other Assets					(1,207,843)		-0.60%
		Net Assets					$203,181,923		100.00%
(a) Additional information, including current Prospectus and Annual Report, is available at
https://www.blackrock.com/us/individual/resources/regulatory-documents#etfs.
*** The Yield shown represents the 7-day yield at June 30, 2025.