PINNACLE MULTI-STRATEGY CORE FUND
SCHEDULE OF INVESTMENTS (Unaudited)
December 31, 2025
 
Shares             Fair Value
    EXCHANGE-TRADED FUNDS — 87.3%      
    EQUITY - 87.3%      
1,780   Invesco QQQ Trust Series 1 ETF       $ 1,093,472
21,640   Invesco S&P 500 Top 50 ETF         1,282,818
255,685   Pinnacle Focused Opportunities ETF(a)         8,023,420
2,275   SPDR Dow Jones Industrial Average ETF         1,093,297
24,975   SPDR Portfolio Developed World ex-US ETF         1,109,140
19,725   SPDR Portfolio S&P 400 Mid Cap ETF         1,142,275
19,390   SPDR Portfolio S&P 500 Value ETF         1,101,546
22,895   SPDR Portfolio S&P 600 Small Cap ETF         1,072,860
12,815   SPDR S&P 400 Mid Cap Value ETF         1,084,790
1,585   SPDR S&P 500 ETF         1,080,843
11,820   SPDR S&P 600 Small Cap Value ETF         1,075,265
2,975   SPDR S&P Homebuilders ETF         306,306
5,300   SPDR S&P Insurance ETF         318,795
4,795   SPDR S&P Regional Banking ETF         310,764
3,525   SPDR S&P Retail ETF         300,647
5,425   State Street Communication Services Select Sector         638,631
5,325   State Street Consumer Discretionary Select Sector         635,858
11,640   State Street Financial Select Sector SPDR ETF         637,523
14,210   State Street Materials Select Sector SPDR ETF         644,424
10,265   State Street SPDR Portfolio S&P 500 Growth ETF         1,095,276
14,925   State Street Utilities Select Sector SPDR ETF         637,148
845   VanEck Semiconductor ETF         304,310
3,700   VanEck Steel ETF         313,982
             

25,303,390

               
    TOTAL EXCHANGE-TRADED FUNDS (Cost $22,290,148)    

  25,303,390

               
 
 

 

PINNACLE MULTI-STRATEGY CORE FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
December 31, 2025
 
Shares             Fair Value
    SHORT-TERM INVESTMENTS — 12.7%      
    MONEY MARKET FUNDS - 12.7%      
3,673,616   First American Government Obligations Fund, Class X, 3.64% (Cost $3,673,616)(b)       $ 3,673,616
             
 
    TOTAL INVESTMENTS - 100.0% (Cost $25,963,764)     $ 28,977,006
    LIABILITIES IN EXCESS OF OTHER ASSETS - 0.0%    

(8,987)

    NET ASSETS - 100.0%        

$ 28,968,019

           
               
 

 

 

 

ETF  - Exchange-Traded Fund
SPDR  - Standard & Poor's Depositary Receipt
   
(a) Affiliated security
(b) Rate disclosed is the seven-day effective yield as of December 31, 2025.