ANFIELD UNIVERSAL FIXED INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited)
January 31, 2026
 
Shares             Fair Value
    OPEN END FUNDS — 3.2%      
    FIXED INCOME - 3.2%      
286,672   Fidelity Advisor Floating Rate High Income Fund       $ 2,597,245
422,170   Vanguard High-Yield Corporate Fund, Admiral Class         2,343,042
             

4,940,287

               
    TOTAL OPEN END FUNDS (Cost $5,171,518)    

  4,940,287

               
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    ASSET BACKED SECURITIES — 16.3%      
    CLO — 15.4%      
1,500,000   Allegro CLO XV Ltd.  Series 1A D1AR(a),(b) 1*TSFR3M + 3.000% 6.6680 04/20/38   1,494,762
1,000,000   Balboa Bay Loan Funding 2024-1 Ltd.  Series 1A D1(a),(b) 1*TSFR3M + 3.200% 6.8680 07/20/37   1,005,065
500,000   Battalion Clo 17 Ltd.  Series 17A CR(a),(b) 1*TSFR3M + 2.250% 5.9180 03/09/34   501,114
1,000,000   Battalion Clo XVI Ltd.  Series 16A CR2(a),(b) 1*TSFR3M + 2.000% 5.6680 01/20/38   1,002,395
2,000,000   BlueMountain Fuji US Clo II Ltd.  Series 2A C(a),(b) 1*TSFR3M + 3.262% 6.9290 10/20/30   2,005,008
351,305   Crown Point CLO IV Ltd.  Series 2018-4A B(a),(b) 1*TSFR3M + 1.762% 5.4290 04/20/31 351,496
1,000,000   Dryden 55 CLO Ltd.  Series 2018-55A D(a),(b) 1*TSFR3M + 3.112% 6.7840 04/15/31   1,004,795
1,000,000   ICG US Clo 2021-3 Ltd.  Series 3A CR(a),(b) 1*TSFR3M + 2.100% 5.7680 10/20/34   1,002,309
500,000   Madison Park Funding XLV Ltd.  Series 45A CRR(a),(b) 1*TSFR3M + 1.900% 5.5720 07/15/34   500,687
2,400,000   Man GLG US CLO  Series 2018-1A BR(a),(b) 1*TSFR3M + 2.232% 5.8990 04/22/30   2,411,335
1,000,000   Oaktree CLO 2020-1 Ltd.  Series 1A CRR(a),(b) 1*TSFR3M + 1.750% 5.4220 01/15/38   1,001,899
1,000,000   Octagon Investment Partners 32 Ltd.  Series 1A A2R3(a),(b) 1*TSFR3M + 1.600% 5.2720 10/31/37   1,002,180
1,500,000   Rockford Tower CLO 2017-1 Ltd.  Series 2017-1A DR2B(a),(b) 1*TSFR3M + 5.242% 8.9090 04/20/34   1,508,640
2,000,000   Sound Point CLO II Ltd.  Series 2013-1A A3R(a),(b) 1*TSFR3M + 2.112% 5.7800 01/26/31   2,005,154
1,000,000   TCW CLO 2017-1 Ltd.  Series 1A AJR4(a),(b) 1*TSFR3M + 1.500% 5.1680 03/24/38   1,003,868
1,250,000   Trimaran Cavu 2019-1 Ltd.  Series 1A CR(a),(b) 1*TSFR3M + 1.950% 5.6180 01/20/37   1,253,191
2,750,000   Voya CLO Ltd.  Series 2018-1A C(a),(b) 1*TSFR3M + 2.862% 6.5290 04/19/31   2,760,615
2,000,000   Wind River 2021-3 CLO Ltd.  Series 3A D1AR(a),(b) 1*TSFR3M + 3.000% 6.6680 04/20/38   2,011,692
              23,826,205
    COLLATERALIZED MORTGAGE OBLIGATIONS — 0.2%      
119,237   Alternative Loan Trust  Series 2004-35T2 A4(c)   6.0000 02/25/35   22,446
2,736   Banc of America Mortgage Trust  Series 2004-A 2A4(b)   5.7320 02/25/34   2,701
5,290,606   BCAP, LLC Trust  Series 2007-AA2 21IO(b),(c)   0.4200 04/25/37   96,506
5,543   Bear Stearns ARM Trust  Series 2003-4 3A1(b)   6.3550 07/25/33   5,355
2,072   Bear Stearns Asset Backed Securities Trust  Series 2003-AC5 A2(d)   5.5000 10/25/33   2,114
 
 

 

ANFIELD UNIVERSAL FIXED INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    ASSET BACKED SECURITIES — 16.3% (Continued)      
    COLLATERALIZED MORTGAGE OBLIGATIONS — 0.2% (Continued)      
427   Chase Mortgage Finance Trust Series  Series 2007-A1 7A1(b)   6.8680 02/25/37   $ 429
16,848   CHL Mortgage Pass-Through Trust  Series 2004-7 3A1(b)   5.4440 05/25/34   16,240
4,705   Citigroup Global Markets Mortgage Securities VII, Inc.  Series 2003-1 A2(a)   6.0000 09/25/33   1,912
2,618   Deutsche Mortgage Securities, Inc. Mortgage Loan Trust  Series 2004-4 7AR2(b) 1*TSFR1M + 0.564% 4.2370 06/25/34   2,498
10,700   GSR Mortgage Loan Trust  Series 2004-2F 7A2(b),(c) -1*TSFR1M + 7.536% 3.8630 01/25/34   258
5,112   GSR Mortgage Loan Trust  Series 2004-6F 2A6   5.5000 05/25/34   5,096
441   Impac CMB Trust  Series 2004-4 1M3(b) 1*TSFR1M + 1.014% 4.6870 09/25/34   441
12,454   Impac CMB Trust  Series 2004-6 M1(b) 1*TSFR1M + 1.034% 4.6120 10/25/34   12,236
12,295   JP Morgan Mortgage Trust  Series 2005-A1 3A5(b)   5.4380 02/25/35   11,701
8,998   MASTR Alternative Loan Trust  Series 2003-7 6A1   6.5000 12/25/33   9,171
382,459   MASTR Alternative Loan Trust  Series 2007-HF1 4AX(c)   7.0000 10/25/47   71,070
2,593   Morgan Stanley Mortgage Loan Trust  Series 2004-7AR 2A6(b)   5.4870 09/25/34   2,571
6,829   Morgan Stanley Mortgage Loan Trust  Series 2004-10AR 4A(b)   6.2910 11/25/34   6,835
51,465   Wilshire Funding Corporation  Series 1997-WFC1 M3(b)   7.2500 08/25/27   50,992
            320,572
    HOME EQUITY — 0.4%      
19,321   Aames Mortgage Trust Mortgage Pass Through Certs  Series 2001-1 M2(d)   8.0880 06/25/31   19,354
3,289   AFC Trust  Series 2000-1 1A(b) 1*TSFR1M + 0.844% 4.5170 03/25/30   3,280
52   Ameriquest Mortgage Securities Asset-Backed Pass-Through Ctfs  Series 2003-11 AF6(d)   5.4550 12/25/33   188
135,000   Bear Stearns Asset Backed Securities I Trust  Series 2004-BO1 M9B(b) 1*TSFR1M + 6.114% 9.7870 10/25/34   139,131
15,591   Bear Stearns Asset Backed Securities Trust  Series 2003-ABF1 A(b) 1*TSFR1M + 0.854% 4.5270 01/25/34   15,608
44,390   CDC Mortgage Capital Trust  Series 2004-HE1 M2(b) 1*TSFR1M + 1.914% 5.5870 06/25/34   44,535
86,186   CDC Mortgage Capital Trust  Series 2004-HE3 M2(b) 1*TSFR1M + 1.914% 5.5870 11/25/34   87,047
16,659   Credit Suisse First Boston Mortgage Securities Corporation  Series 2001-HE8 A1(d)   6.9900 02/25/31   16,584
3,845   Meritage Mortgage Loan Trust  Series 2003-1 M2(b) 1*TSFR1M + 2.439% 6.1120 11/25/33   3,994
28,884   Meritage Mortgage Loan Trust  Series 2003-1 M3(b) 1*TSFR1M + 2.814% 6.4870 11/25/33   29,819
17,020   Merrill Lynch Mortgage Investors Trust  Series 2003-OPT1 M2(b) 1*TSFR1M + 2.289% 5.9620 07/25/34   14,326
4,437   New Century Home Equity Loan Trust  Series 2003-A M1(a),(b) 1*TSFR1M + 1.239% 3.3170 10/25/33   6,227
1,843   NovaStar Mortgage Funding Trust  Series 2004-1 M5(b) 1*TSFR1M + 1.689% 5.3620 06/25/34   1,722
9,415   Option One Mortgage Loan Trust  Series 2003-5 A2(b) 1*TSFR1M + 0.754% 4.4270 08/25/33   9,923
47,603   RASC Series Trust  Series 2003-KS4 MI1(d)   5.0930 06/25/33   47,947
             
 
 

 

             
ANFIELD UNIVERSAL FIXED INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    ASSET BACKED SECURITIES — 16.3% (Continued)      
    HOME EQUITY — 0.4% (Continued)      
11,440   Saxon Asset Securities Trust  Series 2003-3 M2(b) 1*TSFR1M + 2.514% 3.7370 12/25/33  $ 10,655
47,506   Terwin Mortgage Trust Series TMTS  Series 2003-2HE M2(b) 1*TSFR1M + 3.334% 7.0120 07/25/34   60,929
              511,269
    MANUFACTURED HOUSING — 0.0%(e)      
726   Conseco Finance Corporation  Series 1997-1 M1(b)   7.2200 03/15/28   729
             
    RESIDENTIAL MORTGAGE — 0.3%      
81,158   Credit-Based Asset Servicing and Securitization, LLC  Series 2004-CB3 B1(b) 1*TSFR1M + 2.889% 6.5620 03/25/34   109,398
42,766   Credit-Based Asset Servicing and Securitization, LLC  Series 2004-CB6 M2(b) 1*TSFR1M + 1.839% 5.5120 07/25/35   38,597
31,524   CWABS, Inc. Asset-Backed Certificates Trust  Series 2004-6 2A4(b) 1*TSFR1M + 1.014% 4.6870 11/25/34   31,137
21,837   CWABS, Inc. Asset-Backed Certificates Trust  Series 2A3 2A3(b) 1*TSFR1M + 1.314% 4.9870 11/25/34   21,910
7,274   Equity One Mortgage Pass-Through Trust  Series 2002-5 M1(d)   5.8030 11/25/32   8,000
7,671   First Franklin Mortgage Loan Trust  Series 2002-FF1 1A2(b) 1*TSFR1M + 1.239% 4.9390 04/25/32   8,386
14,313   Long Beach Mortgage Loan Trust  Series 2003-2 M2(b) 1*TSFR1M + 2.964% 6.6370 06/25/33   16,534
6,337   Morgan Stanley A.B.S Capital I, Inc. Trust  Series 2004-NC7 M4(b) 1*TSFR1M + 1.839% 5.5120 07/25/34   9,302
109,279   Structured Asset Securities Corporation  Series 2005-WF1 M7(b) 1*TSFR1M + 2.019% 5.6920 02/25/35 111,670
143,305   Structured Asset Securities Corporation  Series 2005-WF1 M8(b) 1*TSFR1M + 2.169% 5.8420 02/25/35   152,057
              506,991
             
  TOTAL ASSET BACKED SECURITIES (Cost $24,820,927)    

25,165,766

             
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    COLLATERALIZED MORTGAGE OBLIGATIONS — 4.9%      
94,067   Fannie Mae Interest Strip(c)   5.5000 08/25/35   13,530
203,599   Fannie Mae Interest Strip  Series 384 2(c)   4.5000 07/25/37   22,579
308,332   Fannie Mae Interest Strip  Series 385 3(c)   5.0000 01/25/38   46,558
751,702   Fannie Mae Interest Strip  Series 407 40(c)   6.0000 01/25/38   142,660
194,518   Fannie Mae Interest Strip  Series 418 141(b),(c)   5.5000 05/25/39   28,924
191,938   Fannie Mae Interest Strip  Series 418 147(b),(c)   6.0000 05/25/39   29,680
 
 

 

ANFIELD UNIVERSAL FIXED INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    COLLATERALIZED MORTGAGE OBLIGATIONS — 4.9% (Continued)      
89,995   Fannie Mae Interest Strip  Series 409 80(b),(c)   4.5000 11/25/39  $ 16,459
379,451   Fannie Mae Interest Strip  Series 408 9(b),(c)   4.5000 10/25/40   68,529
254,352   Fannie Mae Interest Strip  Series 409 83(b),(c)   4.5000 11/25/40   41,043
953,420   Fannie Mae Interest Strip  Series 406 15(c)   5.0000 12/25/40   202,369
165,231   Fannie Mae Interest Strip  Series 409 C13(c)   3.5000 11/25/41   24,081
113,319   Fannie Mae Interest Strip  Series 409 64(b),(c)   4.0000 11/25/41   17,903
147,046   Fannie Mae Interest Strip  Series 413 126(b),(c)   4.0000 07/25/42   23,298
142,203   Fannie Mae Interest Strip  Series 413 177(b),(c)   4.5000 07/25/42   25,362
289,061   Fannie Mae Interest Strip  Series 413 155(b),(c)   4.5000 07/25/42   51,296
702,221   Fannie Mae Interest Strip  Series 417 C24(c)   3.5000 12/25/42   92,044
321,666   Fannie Mae Interest Strip  Series 419 C3(c)   3.0000 11/25/43   42,967
425,883   Fannie Mae Interest Strip  Series 426 292(b),(c)   3.5000 08/25/51   68,666
244,552   Fannie Mae REMICS  Series 2004-70 XJ(b),(c)   5.0000 10/25/34   31,531
407,376   Fannie Mae REMICS  Series 2006-109 SG(b),(c) -1*SOFR30A + 6.516% 2.8180 11/25/36   40,659
174,238   Fannie Mae REMICS  Series 2007-39 AI(b),(c) -1*SOFR30A + 6.006% 2.3080 05/25/37   16,852
116,838   Fannie Mae REMICS  Series 2007-92 SK(b),(c) -1*SOFR30A + 6.336% 2.6380 09/25/37   13,465
125,479   Fannie Mae REMICS  Series 2007-112 SA(b),(c) -1*SOFR30A + 6.336% 2.6380 12/25/37 15,829
2,551   Fannie Mae REMICS  Series 2009-31 PI(c)   5.0000 11/25/38   1
288,155   Fannie Mae REMICS  Series 2009-101 MI(c)   6.0000 12/25/39   23,658
330,973   Fannie Mae REMICS  Series 2009-113 XI(b),(c)   5.0000 01/25/40   46,434
371,785   Fannie Mae REMICS  Series 2010-150 SP(b),(c) -1*SOFR30A + 6.486% 2.7880 10/25/40   33,120
1,149,693   Fannie Mae REMICS  Series 2011-149 MS(b),(c) -1*SOFR30A + 5.886% 2.1880 11/25/41   58,799
99,839   Fannie Mae REMICS  Series 2012-84 KI(b),(c) SOFR30A + 6.000% 6.0000 08/25/42   15,007
131,369   Fannie Mae REMICS  Series 2013-10 SJ(b),(c) -1*SOFR30A + 6.036% 2.3380 02/25/43   14,858
363,053   Fannie Mae REMICS  Series 2014-68 IB(c)   4.5000 02/25/43   36,923
34,966   Fannie Mae REMICS  Series 2015-16 IN(c)   4.5000 09/25/43   468
985,107   Fannie Mae REMICS  Series 2013-103 JS(b),(c) -1*SOFR30A + 5.886% 2.1880 10/25/43   95,164
130,604   Fannie Mae REMICS  Series 2015-22 BS(b),(c) -1*SOFR30A + 6.036% 4.5980 04/25/45   14,295
6,039,860   Fannie Mae REMICS  Series 2015-40 LT(b),(c) -1*SOFR30A + 6.086% 0.0300 06/25/45   9,222
1,784,738   Fannie Mae REMICS  Series 2015-34 HI(c)   6.0000 06/25/45   381,682
77,153   Fannie Mae REMICS  Series 2017-78 KI(c)   3.5000 10/25/47   13,728
28,822   Fannie Mae REMICS  Series 2018-37 CI(c)   4.0000 10/25/47   343
868,348   Fannie Mae REMICS  Series 2017-97 SW(b),(c) -1*SOFR30A + 6.086% 2.3880 12/25/47   105,323
146,666   Fannie Mae REMICS  Series 2018-2 LI(c)   3.5000 12/25/47   13,732
277,391   Fannie Mae REMICS  Series 2017-99 DI(c)   3.5000 12/25/47   36,053
 
 

 

ANFIELD UNIVERSAL FIXED INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    COLLATERALIZED MORTGAGE OBLIGATIONS — 4.9% (Continued)      
242,626   Fannie Mae REMICS  Series 2018-31 IO(c)   4.5000 12/25/47   $ 45,614
909,609   Fannie Mae REMICS  Series 2018-16 MI(c)   4.0000 03/25/48   184,976
178,143   Fannie Mae REMICS  Series 2018-34 CI(c)   4.0000 05/25/48   30,234
216,928   Fannie Mae REMICS  Series 2018-35 KI(c)   4.0000 05/25/48   36,887
896,366   Fannie Mae REMICS  Series 2018-54 SA(b),(c) -1*SOFR30A + 6.136% 2.4380 08/25/48   87,160
374,762   Fannie Mae REMICS  Series 2018-74 MI(c)   4.5000 10/25/48   73,378
453,284   Fannie Mae REMICS  Series 2019-44 IC(c)   3.5000 08/25/49   67,853
201,802   Fannie Mae REMICS  Series 2021-27 GI(c)   4.5000 05/25/51   53,172
922,224   Fannie Mae REMICS  Series 2020-10 S(b),(c) -1*SOFR30A + 5.936% 2.2380 05/25/59   106,737
11,287   Freddie Mac REMICS  Series 2433 SA(b) -2.6*SOFR30A + 20.632% 10.9930 02/15/32   12,385
527,385   Freddie Mac REMICS  Series 5112 IB(c)   6.5000 05/15/32   55,023
161,776   Freddie Mac REMICS  Series 4394 BI(c)   5.5000 07/15/37   20,195
37,673   Freddie Mac REMICS  Series 4419 EI(c)   6.0000 10/15/37   3,785
2,749,947   Freddie Mac REMICS  Series 4669 TI(b),(c) -1*SOFR30A + 5.986% 0.1000 09/15/40   4,886
189,199   Freddie Mac REMICS  Series 3935 SH(b),(c) -1*SOFR30A + 6.486% 2.7780 12/15/40   2,167
82,365   Freddie Mac REMICS  Series 3772 SA(b) -3*SOFR30A + 14.567% 3.4450 12/15/40 60,463
146,012   Freddie Mac REMICS  Series 4076 SW(b),(c) -1*SOFR30A + 5.936% 2.2280 07/15/42   14,922
102,250   Freddie Mac REMICS  Series 4139 PO(f)   – 08/15/42   69,726
195,038   Freddie Mac REMICS  Series 4091 ES(b),(c) -1*SOFR30A + 6.436% 2.7280 08/15/42   30,112
385,484   Freddie Mac REMICS  Series 4197 IG(c)   4.0000 04/15/43   46,304
8,570,579   Freddie Mac REMICS  Series 4765 SI(c),(b)   0.2050 08/15/44   72,432
261,797   Freddie Mac REMICS  Series 4416 DS(b),(c) -1*SOFR30A + 5.985% 2.2780 12/15/44   30,877
210,152   Freddie Mac REMICS  Series 4480 IN(c)   4.0000 03/15/45   31,569
254,840   Freddie Mac REMICS  Series 4473 AS(b),(c) -1*SOFR30A + 5.486% 1.7780 05/15/45   19,735
93,960   Freddie Mac REMICS  Series 4591 QI(c)   3.5000 04/15/46   16,799
674,439   Freddie Mac REMICS  Series 4583 ST(b),(c) -1*SOFR30A + 5.886% 2.1780 05/15/46   71,215
562,427   Freddie Mac REMICS  Series 4699 NI(c)   4.0000 12/15/46   67,469
158,324   Freddie Mac REMICS  Series 4792 AI(c)   4.0000 05/15/48   27,183
904,786   Freddie Mac REMICS  Series 4827 BI(c)   4.5000 09/15/48   137,920
315,894   Freddie Mac REMICS  Series 5093 NI(c)   4.0000 08/25/49   76,969
696,256   Freddie Mac REMICS  Series 5022 IO(c)   3.0000 09/25/50   117,579
390,385   Freddie Mac REMICS  Series 5023 MI(c)   3.0000 10/25/50   64,572
398,358   Freddie Mac REMICS  Series 5086 IW(c)   3.0000 03/25/51   56,874
283,288   Freddie Mac REMICS  Series 5082 HI(c)   3.0000 03/25/51   36,587
751,718   Freddie Mac REMICS  Series 5086 HI(c)   4.5000 03/25/51   161,655
 
 

 

ANFIELD UNIVERSAL FIXED INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    COLLATERALIZED MORTGAGE OBLIGATIONS — 4.9% (Continued)      
1,109,030   Freddie Mac REMICS  Series 5174 NI(c)   3.5000 12/25/51  $ 191,569
288,706   Freddie Mac REMICS  Series 4291 MS(b),(c) -1*SOFR30A + 5.786% 2.0780 01/15/54   28,904
24,454   Freddie Mac Strips  Series 202 IO(c)   6.5000 04/01/29   1,809
410,103   Freddie Mac Strips  Series 256 50(c)   5.0000 06/15/38   49,330
144,945   Freddie Mac Strips  Series 303 181(b),(c)   4.5000 12/15/39   17,053
149,951   Freddie Mac Strips  Series 303 175(b),(c)   4.5000 12/15/40   19,921
214,743   Freddie Mac Strips  Series 303 141(b),(c)   4.5000 01/15/43   32,352
436,190   Freddie Mac Strips  Series 324 C24(c)   5.0000 12/15/43   90,541
497,300   Freddie Mac Strips  Series 365 C10(c)   3.5000 06/15/49   101,933
971   Government National Mortgage Association  Series 2011-157 AI(c)   4.0000 12/16/26   3
394,992   Government National Mortgage Association  Series 2021-78 QI(c)   5.0000 05/20/34   24,268
1,879,353   Government National Mortgage Association  Series 2009-87 IW(b),(c) -1*TSFR1M + 6.736% 3.0600 07/20/34   49,329
4,618,846   Government National Mortgage Association  Series 2014-94 JI(b),(c) -1*TSFR1M + 6.586% 0.1500 09/16/34   16,905
569,529   Government National Mortgage Association  Series 2007-26 SD(b),(c) -1*TSFR1M + 6.686% 3.0080 05/16/37   59,277
3,518,976   Government National Mortgage Association  Series 2017-60 SA(b),(c) -1*TSFR1M + 6.576% 2.9000 10/20/37 122,797
995,752   Government National Mortgage Association  Series 2008-60 SH(b),(c) -1*TSFR1M + 6.036% 2.3580 07/16/38   7,145
680,625   Government National Mortgage Association  Series 2017-88 IB(c)   5.5000 02/20/39   86,364
5,705   Government National Mortgage Association  Series 2009-61 AS(b),(c) -1*TSFR1M + 5.986% 2.3100 03/20/39   8
556,602   Government National Mortgage Association  Series 2009-69 IV(c)   5.5000 08/20/39   69,943
1,808,998   Government National Mortgage Association  Series 2010-29 SA(b),(c) -1*TSFR1M + 6.436% 2.7600 10/20/39   228,634
145,116   Government National Mortgage Association  Series 2013-90 AI(c)   3.5000 10/20/39   1,408
566,474   Government National Mortgage Association  Series 2017-60 SU(b),(c) -1*TSFR1M + 6.286% 2.6080 01/16/40   54,509
699,049   Government National Mortgage Association  Series 2013-20 IM(c)   5.0000 04/20/40   104,355
998,240   Government National Mortgage Association  Series 2017-160 TI(b),(c)   0.5000 06/20/40   15,044
866,358   Government National Mortgage Association  Series 2010-133 SB(b),(c) -1*TSFR1M + 5.906% 2.2280 10/16/40   112,780
144,211   Government National Mortgage Association  Series 2019-22 HI(c)   5.0000 10/16/40   16,511
1,510,572   Government National Mortgage Association  Series 2010-166 SA(b),(c) -1*TSFR1M + 5.936% 2.2580 12/16/40   190,109
220,784   Government National Mortgage Association  Series 2012-69 QI(c)   4.0000 03/16/41   21,817
125,992   Government National Mortgage Association  Series 2011-68 EI(c)   6.0000 04/20/41   11,586
1,315   Government National Mortgage Association  Series 2013-75 GI(c)   3.0000 06/20/41   —
192,360   Government National Mortgage Association  Series 2012-108 PS(b),(c) -1*TSFR1M + 6.636% 2.9580 03/16/42   27,150
855,606   Government National Mortgage Association  Series 2013-4 ID(c)   5.5000 05/16/42   150,826
129,753   Government National Mortgage Association  Series 2012-149 GI(c)   5.0000 07/20/42   10,247
281,299   Government National Mortgage Association  Series 2012-98 HS(b),(c) -1*TSFR1M + 5.885% 2.2100 08/20/42   28,956
702,007   Government National Mortgage Association  Series 2012-126 IO(c)   3.5000 10/20/42   98,651
 
 

 

ANFIELD UNIVERSAL FIXED INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    COLLATERALIZED MORTGAGE OBLIGATIONS — 4.9% (Continued)      
371,878   Government National Mortgage Association  Series 2012-140 IC(c)   3.5000 11/20/42   $ 60,444
202,587   Government National Mortgage Association  Series 2012-149 CS(b),(c) -1*TSFR1M + 6.086% 2.4100 12/20/42   17,431
61,834   Government National Mortgage Association  Series 2013-5 BI(c)   3.5000 01/20/43   9,427
293,247   Government National Mortgage Association  Series 2013-20 KI(c)   5.0000 01/20/43   51,884
779,590   Government National Mortgage Association  Series 2013-144 AS(b),(c) -1*TSFR1M + 6.636% 2.9600 03/20/43   11,906
318,100   Government National Mortgage Association  Series 2013-82 IG(c)   3.5000 05/20/43   45,099
445,905   Government National Mortgage Association  Series 2019-22 EI(b),(c)   1.0000 07/20/43   9,230
255,450   Government National Mortgage Association  Series 2013-189 PS(b),(c) -1*TSFR1M + 6.036% 2.3600 07/20/43   25,088
61,993   Government National Mortgage Association  Series 2013-103 DS(b),(c) -1*TSFR1M + 6.036% 2.3600 07/20/43   7,862
567,152   Government National Mortgage Association  Series 2013-122 SB(b),(c) -1*TSFR1M + 5.986% 2.3080 08/16/43   63,502
7,549,909   Government National Mortgage Association  Series 2019-21 SI(b),(c)   0.2680 10/20/43   42,981
160,159   Government National Mortgage Association  Series 2014-132 SL(b),(c) -1*TSFR1M + 5.986% 2.3100 10/20/43   8,248
128,051   Government National Mortgage Association  Series 2013-181 SA(b),(c) -1*TSFR1M + 5.986% 2.3100 11/20/43   13,663
260,328   Government National Mortgage Association  Series 2014-91 SB(b),(c) -1*TSFR1M + 5.486% 1.8080 06/16/44 19,993
85,901   Government National Mortgage Association  Series 2014-133 BS(b),(c) -1*TSFR1M + 5.486% 1.8100 09/20/44   7,361
439,807   Government National Mortgage Association  Series 2019-22 SA(b),(c) -1*TSFR1M + 5.486% 1.8100 02/20/45   37,800
88,312   Government National Mortgage Association  Series 2017-99 DI(c)   4.0000 07/20/45   3,146
321,933   Government National Mortgage Association  Series 2017-112 KI(c)   4.5000 08/20/45   27,001
455,084   Government National Mortgage Association  Series 2016-163 KI(c)   6.0000 08/20/45   29,412
245,649   Government National Mortgage Association  Series 2017-130 LI(c)   4.5000 10/16/45   17,462
1,765,262   Government National Mortgage Association  Series 2019-22 CI(b),(c) -5*TSFR1M + 30.678% 1.0000 10/20/45   80,793
250,899   Government National Mortgage Association  Series 2015-179 GS(b),(c) -1*TSFR1M + 6.636% 2.9600 12/20/45   38,674
87,475   Government National Mortgage Association  Series 2016-54 PI(c)   3.0000 04/20/46   8,386
251,578   Government National Mortgage Association  Series 2016-46 IO(c)   3.5000 04/20/46   39,934
58,247   Government National Mortgage Association  Series 2017-101 ID(c)   4.5000 04/20/46   3,724
153,749   Government National Mortgage Association  Series 2016-81 IO(c)   4.0000 06/20/46   32,564
786,054   Government National Mortgage Association  Series 2016-121 JS(b),(c) -1*TSFR1M + 5.986% 2.3100 09/20/46   106,947
275,250   Government National Mortgage Association  Series 2016-116 IJ(c)   3.5000 09/20/46   43,571
103,808   Government National Mortgage Association  Series 2019-11 MI(c)   5.0000 11/20/46   5,023
141,478   Government National Mortgage Association  Series 2017-114 CI(c)   3.5000 03/20/47   14,162
10,553   Government National Mortgage Association  Series 2017-141 ID(c)   3.5000 07/20/47   1,488
255,699   Government National Mortgage Association  Series 2018-18 BI(c)   4.0000 11/20/47   20,337
695,475   Government National Mortgage Association  Series 2017-179 KS(b),(c) -1*TSFR1M + 6.086% 2.4100 12/20/47   95,877
111,724   Government National Mortgage Association  Series 2017-179 WI(c)   5.0000 12/20/47   25,758
275,124   Government National Mortgage Association  Series 2018-1 IP(c)   3.5000 01/20/48   28,603
 
 

 

ANFIELD UNIVERSAL FIXED INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    COLLATERALIZED MORTGAGE OBLIGATIONS — 4.9% (Continued)      
15,835,174   Government National Mortgage Association  Series 2020-86 TK(b),(c) -1*TSFR1M + 6.086% 0.1500 08/20/48 $  79,230
144,320   Government National Mortgage Association  Series 2018-120 JI(c)   5.5000 09/20/48   20,826
206,132   Government National Mortgage Association  Series 2018-154 IT(c)   5.5000 10/20/48   37,759
401,269   Government National Mortgage Association  Series 2019-6 SA(b),(c) -1*TSFR1M + 5.936% 2.2600 01/20/49   44,760
176,101   Government National Mortgage Association  Series 2019-18 CS(b),(c) -1*TSFR1M + 5.936% 2.2600 02/20/49   14,257
825,580   Government National Mortgage Association  Series 2020-47 MI(c)   3.5000 04/20/50   153,294
360,987   Government National Mortgage Association  Series 2020-127 IN(c)   2.5000 08/20/50   52,869
540,024   Government National Mortgage Association  Series 2020-167 NS(b),(c) -1*TSFR1M + 6.186% 2.5100 11/20/50   75,968
1,434,960   Government National Mortgage Association  Series 2019-H16 CI(b),(c)   2.2220 10/20/69   57,364
              7,603,650
  TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $16,601,542)    

7,603,650

             
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    CORPORATE BONDS — 49.5%      
    ASSET MANAGEMENT — 3.6%      
925,000   Ares Capital Corporation   5.5000 09/01/30 930,486
1,475,000   Bain Capital Specialty Finance, Inc.   2.9500 03/10/26   1,471,191
1,335,000   Bain Capital Specialty Finance, Inc.   5.9500 03/15/30   1,333,649
275,000   FS KKR Capital Corporation   2.6250 01/15/27   268,612
750,000   FS KKR Capital Corporation   3.1250 10/12/28   692,477
481,000   Icahn Enterprises, L.P. / Icahn Enterprises   6.2500 05/15/26   481,648
495,000   Icahn Enterprises, L.P. / Icahn Enterprises   4.3750 02/01/29   437,137
              5,615,200
    AUTOMOTIVE — 7.5%      
375,000   Ford Motor Credit Company, LLC   2.7000 08/10/26   372,055
500,000   Ford Motor Credit Company, LLC   5.8000 03/05/27   507,128
700,000   Ford Motor Credit Company, LLC   4.9500 05/28/27   704,074
313,000   Ford Motor Credit Company, LLC   4.1250 08/17/27   311,608
500,000   Ford Motor Credit Company, LLC   3.8150 11/02/27   494,768
275,000   Ford Motor Credit Company, LLC   5.8000 03/08/29   282,757
1,000,000   Ford Motor Credit Company, LLC   6.2000 06/20/34   999,286
1,263,000   General Motors Financial Company, Inc.(b) H15T5Y + 4.997% 5.7000 Perpetual   1,268,247
938,000   Nissan Motor Acceptance Company, LLC(a)   1.8500 09/16/26   919,177
1,288,000   Nissan Motor Acceptance Company, LLC(a)   5.3000 09/13/27   1,292,753
 
 

 

ANFIELD UNIVERSAL FIXED INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    CORPORATE BONDS — 49.5% (Continued)      
    AUTOMOTIVE — 7.5% (Continued)      
945,000   Nissan Motor Acceptance Company, LLC(a)   2.7500 03/09/28   $ 901,379
490,000   Nissan Motor Acceptance Company, LLC(a)   2.4500 09/15/28   456,112
1,175,000   Nissan Motor Acceptance Company, LLC(a)   6.1250 09/30/30   1,172,520
1,850,000   Nissan Motor Acceptance Corporation(a)   2.0000 03/09/26   1,842,999
              11,524,863
    BANKING — 13.2%      
1,040,000   Bank of America Corporation(b) H15T5Y + 2.760% 4.3750 Perpetual   1,035,195
1,525,000   Bank of Nova Scotia (The)(b) H15T5Y + 2.613% 3.6250 10/27/81   1,490,915
250,000   BNP Paribas S.A.(a),(b) H15T5Y + 4.899% 7.7500 Perpetual   265,696
300,000   BNP Paribas S.A.(a),(b) H15T5Y + 2.944% 4.5000 Perpetual   281,873
2,780,000   BNP Paribas S.A.(a),(b) H15T5Y + 3.196% 4.6250 Perpetual   2,780,147
394,000   BPCE S.A.(a)   4.8750 04/01/26   394,419
2,000,000   Citigroup, Inc.(b) H15T5Y + 3.417% 3.8750 Perpetual   1,997,606
2,258,000   Citigroup, Inc.  Series Y(b) H15T5Y + 3.000% 4.1500 Perpetual   2,244,450
1,035,000   Citizens Financial Group, Inc.(b) H15T5Y + 3.215% 4.0000 Perpetual   1,029,371
1,750,000   Credit Agricole S.A.(b) H15T5Y + 3.237% 4.7500 Perpetual 1,705,163
1,000,000   Deutsche Bank A.G.(b) USISOA05 + 4.358% 8.1300 Perpetual   1,078,888
1,648,000   KeyCorporation(b) TSFR3M + 3.606% 5.0000 Perpetual   1,650,453
1,355,000   M&T Bank Corporation(b) H15T5Y + 2.679% 3.5000 Perpetual   1,331,585
1,000,000   PNC Financial Services Group, Inc. (The)(b) H15T5Y + 2.595% 3.4000 Perpetual   985,236
479,000   Royal Bank of Canada(b) SOFRRATE + 7.450% 8.5000 02/28/39   480,491
1,000,000   Societe Generale S.A.(b) H15T5Y + 4.514% 5.3750 Perpetual   972,866
732,000   US Bancorp(b) SOFR + 2.914% 5.3000 Perpetual   733,476
              20,457,830
    BIOTECH & PHARMA — 1.7%      
989,000   Teva Pharmaceutical Finance Netherlands III BV   3.1500 10/01/26   981,642
1,600,000   Teva Pharmaceutical Finance Netherlands III BV   4.7500 05/09/27   1,601,185
              2,582,827
    COMMERCIAL SUPPORT SERVICES — 0.6%      
975,000   Aramark Services, Inc.(a)   5.0000 02/01/28   975,001
             
    ELECTRIC UTILITIES — 6.3%      
1,877,000   American Electric Power Company, Inc.(b) H15T5Y + 2.675% 3.8750 02/15/62   1,850,930
1,185,000   CenterPoint Energy, Inc.(b) H15T5Y + 3.254% 7.0000 02/15/55   1,243,091
 
 

 

ANFIELD UNIVERSAL FIXED INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    CORPORATE BONDS — 49.5% (Continued)      
    ELECTRIC UTILITIES — 6.3% (Continued)      
1,000,000   CMS Energy Corporation(b) H15T5Y + 4.116% 4.7500 06/01/50  $ 988,681
980,000   Duke Energy Corporation(b) H15T5Y + 2.321% 3.2500 01/15/82   956,413
2,000,000   Electricite de France S.A.(a),(b) H15T5Y + 5.411% 9.1250 Perpetual   2,368,332
1,105,000   Sempra(b) H15T5Y + 2.868% 4.1250 04/01/52   1,095,436
1,250,000   Southern Company (The)(b) H15T5Y + 2.915% 3.7500 09/15/51   1,245,256
              9,748,139
    ENTERTAINMENT CONTENT — 0.9%      
1,450,000   Univision Communications, Inc.(a)   4.5000 05/01/29   1,385,584
             
    HEALTH CARE FACILITIES & SERVICES — 0.3%      
512,000   Charles River Laboratories International, Inc.(a)   4.2500 05/01/28   505,882
             
    INSTITUTIONAL FINANCIAL SERVICES — 0.3%      
500,000   Bank of New York Mellon Corporation (The)(b) H15T5Y + 2.297% 6.3000 Perpetual   517,858
             
    INSURANCE — 0.2%      
250,000   Athene Global Funding(a)   2.9500 11/12/26 247,816
             
    LEISURE FACILITIES & SERVICES — 4.9%      
828,000   Boyd Gaming Corporation   4.7500 12/01/27   828,095
1,263,000   Caesars Entertainment, Inc.(a)   4.6250 10/15/29   1,213,141
500,000   International Game Technology plc(a)   5.2500 01/15/29   499,785
500,000   Light & Wonder International, Inc.(a)   7.5000 09/01/31   524,826
1,200,000   Penn National Gaming, Inc.(a)   5.6250 01/15/27   1,198,745
1,320,000   Penn National Gaming, Inc.(a)   4.1250 07/01/29   1,225,844
708,000   Scientific Games International, Inc.(a)   7.2500 11/15/29   727,224
1,248,000   Station Casinos, LLC(a)   4.5000 02/15/28   1,243,193
              7,460,853
    OIL & GAS PRODUCERS — 0.9%      
976,000   Enbridge, Inc.(b) TSFR3M + 3.641% 6.2500 03/01/78   992,696
445,000   Energy Transfer, L.P.(b) TSFR3M + 4.155% 6.6250 Perpetual   451,144
              1,443,840
           
           
 
 

 

ANFIELD UNIVERSAL FIXED INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    CORPORATE BONDS — 49.5% (Continued)      
    REAL ESTATE INVESTMENT TRUSTS — 0.3%        
500,000   VICI Properties, L.P. / VICI Note Company, Inc.(a)   5.7500 02/01/27 $  505,406
             
    SPECIALTY FINANCE — 7.3%      
2,577,000   Air Lease Corporation(b) H15T5Y + 4.076% 4.6500 Perpetual   2,574,674
1,155,000   Air Lease Corporation(b) H15T5Y + 3.149% 4.1250 Perpetual   1,148,396
200,000   Ally Financial, Inc.   6.0500 02/15/26   200,045
250,000   Ally Financial, Inc.   6.0000 07/15/29   252,519
2,332,000   Ally Financial, Inc.  Series B(b) H15T5Y + 3.868% 4.7000 Perpetual   2,317,884
1,063,000   Ally Financial, Inc.(b) H15T7Y + 3.481% 4.7000 Perpetual   1,019,217
250,000   American Express Company(b) H15T5Y + 2.854% 3.5500 Perpetual   247,614
1,363,000   Capital One Financial Corporation(b) H15T5Y + 3.157% 3.9500 Perpetual   1,352,852
750,000   Capital One Financial Corporation(b) TSFR3M + 3.338% 5.5000 Perpetual   754,946
1,000,000   ILFC E-Capital Trust I(a),(b) TSFR3M + 1.812% 6.3500 12/21/65   861,881
165,000   OneMain Finance Corporation   3.5000 01/15/27   163,025
350,000   OneMain Finance Corporation   5.3750 11/15/29   349,287
            11,242,340
    TRANSPORTATION & LOGISTICS — 1.5%      
1,425,000   Air Canada(a)   3.8750 08/15/26   1,420,472
961,503   American Airlines 2016-2 Class A Pass Through  Series 2016-2 A   3.6500 06/15/28   934,032
              2,354,504
  TOTAL CORPORATE BONDS (Cost $74,974,824)    

76,567,943

             
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    PREFERRED STOCK — 9.4%      
    ASSET MANAGEMENT — 1.0%      
1,550,000   Charles Schwab Corporation (The)(b) H15T5Y + 3.168% 4.0000 Perpetual   1,544,151
             
    BANKING — 3.1%      
3,704,000   First Citizens BancShares, Inc.(a),(b) TSFR3M + 4.234% 7.9570 Perpetual   3,790,506
1,000,000   Wells Fargo & Company(b) H15T5Y + 3.453% 3.9000 Perpetual   999,314
              4,789,820
           
           
 
 

 

ANFIELD UNIVERSAL FIXED INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    PREFERRED STOCK – 9.4% (Continued)      
    INSTITUTIONAL FINANCIAL SERVICES — 2.7%      
2,625,000   Bank of New York Mellon Corporation (The)  Series H(b) H15T5Y + 3.352%   3.7000 Perpetual  $ 2,621,113
1,607,000   Goldman Sachs Group, Inc. (The)(b) H15T5Y + 2.915% 3.6500 Perpetual   1,599,764
              4,220,877
    OIL & GAS PRODUCERS — 2.6%      
3,986,000   Energy Transfer, L.P.(b) H15T5Y + 5.694% 6.5000 Perpetual   4,006,325
             
  TOTAL PREFERRED STOCK (Cost $14,288,822)    

14,561,173

             
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    TERM LOANS — 12.0%      
    ADVERTISING & MARKETING — 0.3%      
500,000   Outfront Media Capital, LLC(b) TSFR1M + 2.000% 5.7360 09/24/32   503,750
             
    COMMERCIAL SUPPORT SERVICES — 2.0%      
2,630,573   Aramark Services, Inc.(b) TSFR1M + 1.750% 5.4220 04/06/28   2,640,438
500,000   Garda World Security Corporation(b) TSFR1M + 2.750% 6.4210 02/01/29   500,000
            3,140,438
    CONTAINERS & PACKAGING — 0.7%      
1,000,000   Graham Packaging Company, Inc.(b) TSFR1M + 2.250% 5.9250 01/14/33   1,000,365
             
    LEISURE FACILITIES & SERVICES — 3.7%      
940,538   Restaurant Brands (b) TSFR1M + 1.750% 5.4220 09/23/30   939,597
2,473,655   Caesars Entertainment, Inc.(b) TSFR3M + 2.250% 5.9220 02/06/31   2,461,906
983,189   Light & Wonder International, Inc.(b) TSFR1M + 2.000% 5.6710 04/16/29   983,189
493,606   Penn Entertainment, Inc.(b) TSFR1M + 2.500% 6.1720 05/03/29   494,092
992,443   Six Flags Entertainment Corporation(b) TSFR1M + 2.000% 5.6720 05/01/31   983,139
              5,861,923
    RETAIL - DISCRETIONARY — 1.3%      
1,932,711   Great Outdoors Group, LLC(b) TSFR1M + 3.250% 6.9220 01/16/32   1,935,368
             
           
           
           
 
 

 

ANFIELD UNIVERSAL FIXED INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    TERM LOANS — 12.0% (Continued)      
    SEMICONDUCTORS — 0.9%      
963,771   MKS Instruments, Inc.(b) TSFR1M + 1.750% 5.6720 08/17/29   $ 967,264
400,000   MKS, Inc.(b) TSFR1M + 1.750% 5.4230 01/28/33   401,450
              1,368,714
    TRANSPORTATION & LOGISTICS — 3.1%      
1,141,375   AAdvantage Loyalty IP Ltd.(b) TSFR3M + 2.250% 5.9180 04/20/28   1,143,755
1,965,000   Air Canada(b) TSFR1M + 1.750% 5.4170 03/21/31   1,969,912
1,649,020   United Airlines, Inc.(b) TSFR3M + 1.750% 5.4190 02/24/31   1,653,827
              4,767,494
  TOTAL TERM LOANS (Cost $18,614,954)    

18,578,052

             
Principal Amount ($)         Coupon Rate (%) Maturity Fair Value
    U.S. GOVERNMENT & AGENCIES — 3.5%      
    U.S. TREASURY BILLS — 3.5%      
5,500,000   United States Treasury Bill(f)   3.4500 03/05/26   5,482,905
             
  TOTAL U.S. GOVERNMENT & AGENCIES (Cost $5,482,078)    

5,482,905

             
    TOTAL INVESTMENTS - 98.8% (Cost $159,954,665)     $ 152,899,776
    OTHER ASSETS IN EXCESS OF LIABILITIES- 1.2%    

1,854,359

    NET ASSETS - 100.0%        

$ 154,764,135

           
           
OPEN FUTURES CONTRACTS        
Number of Contracts   Open Long Futures Contracts   Broker Expiration Notional Amount(g) Value and Unrealized Depreciation
20   CBOT 10 Year US Treasury Note Interactive Broker 03/20/2026 $ 2,236,563 $ (34,687)
20   CBOT 2 Year US Treasury Note Future Interactive Broker 03/31/2026   4,169,843   (8,595)
20   CBOT US Treasure Bond Futures Interactive Broker 03/20/2026   2,302,500   (54,375)
    TOTAL FUTURES CONTRACTS  

$ (97,657)

         
           
           
           
 
 

 

ANFIELD UNIVERSAL FIXED INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026

 

 

 

A.G.  - Aktiengesellschsft
CBOT  - Chicago Board of Trade
CLO  - Collateralized Loan Obligation
LLC  - Limited Liability Company
LP  - Limited Partnership
Ltd  - Limited Company
PLC  - Public Limited Company
REIT  - Real Estate Investment Trust
REMIC  - Real Estate Mortgage Investment Conduit
S.A.  - Société Anonyme
   
H15T5Y US Treasury Yield Curve Rate T Note Constant Maturity 5 Year
H15T7Y US Treasury Yield Curve Rate T Note Constant Maturity 7 Year
SOFR United States SOFR Secured Overnight Financing Index
SOFR30A United States 30 Day Average SOFR Secured Overnight Financing Rate
SOFRRATE United States SOFR Secured Overnight Financing Rate
TSFR1M Term SOFR Secured Overnight Financing Rate 1 Month
TSFR3M Term SOFR Secured Overnight Financing Rate 3 Month
USISOA05 5-Year Published USD SOFR Spread-Adjusted ICE Swap Rate
   
 

 

 

 

(a) Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers.  As of January 31, 2026 the total market value of 144A securities is $52,835,057 or 34.1% of net assets.
(b) Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.
(c) Interest only securities.
(d) Step bond.  Coupon rate is fixed rate that changes on a specified date.  The rate shown is the current rate at January 31, 2026.
(e) Percentage rounds to less than 0.1%.
(f) Zero coupon bond.
(g) The amounts shown are the underlying reference notional amounts to stock exchange indices and equities upon which the fair value of the futures contracts held by the Fund are based.  Notional values do not represent the current fair value of, and are not necessarily indicative of the future cash flows of the Fund's futures contracts.  Further, the underlying price changes in relation to the variables specified by the notional values affects the fair value of these derivative financial instruments.  The notional values as set forth within this schedule do not purport to represent economic value at risk to the Fund.