PRINCETON ADAPTIVE PREMIUM FUND
SCHEDULE OF INVESTMENTS (Unaudited)
January 31, 2026
 
Principal Amount ($)         Yield Rate (%) Maturity Fair Value
    U.S. GOVERNMENT & AGENCIES — 86.4%      
    U.S. TREASURY BILLS — 86.4%      
180,000   United States Treasury Bill(a) (d)   3.4866 02/03/26 $ 179,982
150,000   United States Treasury Bill(a) (d)   3.7384 02/10/26   149,881
155,000   United States Treasury Bill(a) (d)   3.5391 02/24/26   154,657
150,000   United States Treasury Bill(a) (d)   3.6424 03/03/26   149,562
100,000   United States Treasury Bill(a) (d)   3.4588 03/10/26   99,638
120,000   United States Treasury Bill(a) (d)   3.4864 03/17/26   119,480
120,000   United States Treasury Bill(a) (d)   3.5153 03/24/26   119,395
120,000   United States Treasury Bill(a) (d)   3.5367 03/31/26   119,315
100,000   United States Treasury Bill(a) (d)   3.5339 04/07/26   99,362
160,000   United States Treasury Bill(a) (d)   3.5475 04/14/26   158,873
100,000   United States Treasury Bill(a) (d)   3.6412 04/21/26   99,228
85,000   United States Treasury Bill(a) (d)   3.5510 04/28/26   84,286
  TOTAL U.S. GOVERNMENT & AGENCIES (Cost $1,533,588)       1,533,659
             
Shares             Fair Value
    SHORT-TERM INVESTMENT — 2.7%      
    MONEY MARKET FUND - 2.7%      
47,527   Dreyfus Government Cash Management, Institutional Class, 3.58% (Cost $47,527) (b) (d)       47,527
             
Contracts(c)              
    INDEX OPTIONS PURCHASED - 0.2% Broker Expiration Date Exercise Price Notional Value Fair Value
    PUT OPTIONS PURCHASED - 0.2%      
18   S&P 500 Index FCS 02/06/2026 $  5,800 $  12,490,254 $  405
36   S&P 500 Index FCS 02/06/2026 5,850 24,980,508 900
14   S&P 500 Index FCS 02/06/2026   6,125   9,714,642   700
18   S&P 500 Index FCS 02/06/2026   6,150   12,490,254   945
9   S&P 500 Index FCS 02/06/2026   6,160   6,245,127   495
5   S&P 500 Index FCS 02/06/2026   6,170   3,469,515   275
    TOTAL PUT OPTIONS PURCHASED (Cost - $5,189)  

3,720

         
    TOTAL INDEX OPTIONS PURCHASED (Cost - $5,189)     3,720      
 
    TOTAL INVESTMENTS - 89.3% (Cost $1,586,304)     $ 1,584,906
    PUT OPTIONS WRITTEN - (0.3)% (Proceeds received - $6,485)     (4,773)
    OTHER ASSETS IN EXCESS OF LIABILITIES - 11.0%    

195,132

    NET ASSETS - 100.0%        

$ 1,775,265

 
 

 

PRINCETON ADAPTIVE PREMIUM FUND
SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
January 31, 2026
           
Contracts(c)              
    WRITTEN INDEX OPTIONS - (0.3)% Broker Expiration Date Exercise Price Notional Value Fair Value
    PUT OPTIONS WRITTEN - (0.3)%      
18   S&P 500 Index FCS 02/06/2026 $ 5,900 $ 12,490,254 $ 495
36   S&P 500 Index FCS 02/06/2026   5,950   24,980,508   1,080
14   S&P 500 Index FCS 02/06/2026   6,225   9,714,642   910
18   S&P 500 Index FCS 02/06/2026   6,250   12,490,254   1,260
9   S&P 500 Index FCS 02/06/2026   6,260   6,245,127   653
5   S&P 500 Index FCS 02/06/2026   6,270   3,469,515   375
    TOTAL PUT OPTIONS WRITTEN (Proceeds - $6,485)  

4,773

         
    TOTAL INDEX OPTIONS WRITTEN (Proceeds - $6,485)    

$ 4,773

           
               
 

 

 

 

 

FCS  - StoneX Financial Inc.
(a) Zero coupon bond.
(b) Rate disclosed is the seven day effective yield as of January 31, 2026.
(c) Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.
(d) All or a portion of these investments are segregated as collateral for option contracts. The amount of pledged securities collateral amounted to $1,581,170.