ABSOLUTE CAPITAL ASSET ALLOCATOR FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 14.5%      
    BANKING - 1.2%      
3,000   JPMorgan Chase & Company       $ 981,990
             
    ENGINEERING & CONSTRUCTION - 3.3%      
3,700   Quanta Services, Inc.         2,664,148
             
    INSTITUTIONAL FINANCIAL SERVICES - 3.7%      
2,900   Goldman Sachs Group, Inc. (The)         2,932,973
             
    INSURANCE - 1.9%      
3,100   Berkshire Hathaway, Inc., Class B(a)         1,551,209
             
    INTERNET MEDIA & SERVICES - 1.4%      
16,000   Netflix, Inc.(a)         1,142,400
             
    SOFTWARE - 0.7%      
1,400   Microsoft Corporation         522,228
             
    TECHNOLOGY HARDWARE - 0.5%      
2,500   Arista Networks, Inc.(a)         424,700
             
    TECHNOLOGY SERVICES - 1.8%      
4,300   Visa, Inc., Class A         1,475,287
             
    TOTAL COMMON STOCKS (Cost $8,176,665)    

  11,694,935

               
    EXCHANGE-TRADED FUNDS — 79.5%      
    EQUITY - 68.5%      
45,000   Franklin International Core Dividend Tilt Index ETF         1,922,400
37,500   Invesco Dow Jones Industrial Average Dividend ETF         2,376,375
3,600   Invesco S&P 500 Equal Weight ETF         765,972
96,600   iShares Core Dividend ETF         5,950,560
15,400   iShares Morningstar Growth ETF         1,802,108
 
 

 

ABSOLUTE CAPITAL ASSET ALLOCATOR FUND
SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
June 30, 2026
 
Shares             Fair Value
    EXCHANGE-TRADED FUNDS — 79.5% (Continued)      
    EQUITY - 68.5% (Continued)      
14,400   iShares Morningstar Value ETF       $ 1,457,856
28,700   iShares MSCI Emerging Markets ex China ETF         2,936,010
20,500   SPDR S&P Biotech ETF         3,244,125
5,200   State Street Industrial Select Sector SPDR ETF         963,196
40,000   State Street SPDR Portfolio S&P 500 ETF         3,515,200
20,700   State Street SPDR S&P 1500 Value Tilt ETF         4,930,887
26,000   State Street Technology Select Sector SPDR ETF         4,953,520
20,800   Vanguard Communication Services ETF         3,826,160
7,000   Vanguard Consumer Staples ETF         1,578,430
41,100   Vanguard FTSE All-World ex-US ETF         3,442,125
22,700   Vanguard International High Dividend Yield ETF         2,229,140
29,300   Vanguard Russell 2000 ETF         3,557,606
69,000   Vanguard S&P 500 Growth ETF         5,700,780
             

55,152,450

    FIXED INCOME - 11.0%      
36,100   Janus Henderson AAA CLO ETF         1,822,689
92,700   Vanguard 0-3 Month Treasury Bill ETF         7,015,536
             

8,838,225

               
    TOTAL EXCHANGE-TRADED FUNDS (Cost $52,741,831)    

  63,990,675

               
    SHORT-TERM INVESTMENTS — 6.1%      
    MONEY MARKET FUNDS — 6.1%      
4,896,710   First American Government Obligations Fund, Class X, 3.57% (Cost $4,896,710) (b)         4,896,710
             
    TOTAL INVESTMENTS - 100.1% (Cost $65,815,206)     $ 80,582,320
    LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)%    

(78,889)

    NET ASSETS - 100.0%        

$ 80,503,431

           
 
                 

 

 

ETF  - Exchange-Traded Fund  
MSCI  - Morgan Stanley Capital International  
SPDR  - Standard & Poor's Depositary Receipt  
(a) Non-income producing security.
(b) Rate disclosed is the seven day effective yield as of June 30, 2026.
       

 

 

 

 

 
 

 

ABSOLUTE CAPITAL DEFENDER FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 9.1%      
    INSTITUTIONAL FINANCIAL SERVICES - 3.3%      
1,200   Goldman Sachs Group, Inc. (The)       $ 1,213,644
             
    INSURANCE - 2.1%      
1,500   Berkshire Hathaway, Inc., Class B(a)         750,585
             
    INTERNET MEDIA & SERVICES - 0.8%      
4,000   Netflix, Inc.(a)         285,600
             
    SOFTWARE - 1.3%      
1,300   Microsoft Corporation         484,926
             
    TECHNOLOGY HARDWARE - 1.6%      
3,500   Arista Networks, Inc.(a)         594,580
             
    TOTAL COMMON STOCKS (Cost $2,667,813)    

  3,329,335

               
    EXCHANGE-TRADED FUNDS — 70.6%      
    EQUITY - 59.2%      
10,000   Invesco Dow Jones Industrial Average Dividend ETF         633,700
4,800   Invesco S&P 500 Equal Weight ETF         1,021,296
13,500   Invesco S&P 500 Revenue ETF         1,724,760
50,000   iShares Core Dividend ETF         3,080,000
14,000   iShares Currency Hedged MSCI EAFE ETF         656,950
28,400   iShares Morningstar Value ETF         2,875,216
11,700   iShares MSCI Emerging Markets ex China ETF         1,196,910
9,600   State Street Industrial Select Sector SPDR ETF         1,778,208
15,000   State Street SPDR Portfolio S&P 500 ETF         1,318,200
14,500   State Street SPDR S&P 1500 Value Tilt ETF         3,454,003
5,000   Vanguard Communication Services ETF         919,750
4,500   Vanguard Consumer Staples ETF         1,014,705
13,700   Vanguard FTSE All-World ex-US ETF         1,147,375
3,100   Vanguard International High Dividend Yield ETF         304,420
 
 

 

ABSOLUTE CAPITAL DEFENDER FUND
SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
June 30, 2026
 
Shares             Fair Value
    EXCHANGE-TRADED FUNDS — 70.6% (Continued)      
    EQUITY - 59.2% (Continued)      
4,300   Vanguard Russell 2000 ETF       $ 522,106
             

21,647,599

    FIXED INCOME - 11.4%      
15,000   Janus Henderson AAA CLO ETF         757,350
45,000   Vanguard 0-3 Month Treasury Bill ETF         3,405,600
             

4,162,950

               
    TOTAL EXCHANGE-TRADED FUNDS (Cost $22,132,185)    

  25,810,549

               
Principal Amount ($)         Coupon Rate (%) Maturity  
    U.S. GOVERNMENT & AGENCIES — 7.4%      
    U.S. TREASURY NOTES — 7.4%      
700,000   United States Treasury Note   4.3750 12/15/26   701,706
2,000,000   United States Treasury Note   3.8750 12/31/27   1,992,109
  TOTAL U.S. GOVERNMENT & AGENCIES (Cost $2,698,667)           2,693,815
             
Shares              
    SHORT-TERM INVESTMENTS — 13.0%      
    MONEY MARKET FUNDS — 13.0%      
4,748,408   First American Government Obligations Fund, Class X, 3.57%(Cost $4,748,408)(b)         4,748,408
             
    TOTAL INVESTMENTS - 100.1% (Cost $32,247,073)     $ 36,582,107
    LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)%    

(34,336)

    NET ASSETS - 100.0%        

$ 36,547,771

           
 
                   

 

 

EAFE  - Europe, Australasia and Far East
ETF  - Exchange-Traded Fund
MSCI  - Morgan Stanley Capital International
SPDR  - Standard & Poor's Depositary Receipt
 

 

 

(a) Non-income producing security.
(b) Rate disclosed is the seven day effective yield as of June 30, 2026.