ABS INSIGHTS EMERGING MARKETS FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2026
 
Shares             Fair Value
    CLOSED END FUND — 0.1%      
    MIXED ALLOCATION - 0.1%      
19,725   Vietnam Enterprise Investments Ltd.(a)       $ 199,367
             
    TOTAL CLOSED END FUNDS (Cost $176,526)    

  199,367

               
Shares             Fair Value
    COMMON STOCKS — 95.1%      
    AEROSPACE & DEFENSE - 0.2%      
36,658   Aselsan Elektronik Sanayi Ve Ticaret A/S         271,122
             
    APPAREL & TEXTILE PRODUCTS - 1.3%      
401,200   Tongkun Group Company Ltd.         1,279,212
20,490   Youngone Corporation(b)         961,723
             

2,240,935

    ASSET MANAGEMENT - 1.8%      
2,879   SK Square Company Ltd.(b)         3,158,602
             
    AUTOMOTIVE - 0.3%      
610   Hyundai Motor Company         195,212
42,537   Tofas Turk Otomobil Fabrikasi A/S         280,863
             

476,075

    BANKING - 8.9%      
47,668   Absa Group Ltd.(b)         663,266
74,079   Abu Dhabi Commercial Bank PJSC         291,621
42,840   Al Rajhi Bank         751,359
104,719   Alinma Bank         681,146
1,222,100   Bank Mandiri Persero Tbk P.T.(b)         261,947
516,000   Bank of Chengdu Company Ltd., Class A         1,345,075
261,400   Bank of Ningbo Company Ltd., Class A(b)         1,142,983
129,770   Bank of the Philippine Islands(b)         203,096
4,376   Bank Polska Kasa Opieki S.A.(b)         266,157
2,616,100   Bank Syariah Indonesia Tbk P.T.         248,327
91,077   BDO Unibank, Inc.         175,948
241,000   China Construction Bank Corporation, H Shares(b)         247,981
224,100   China Merchants Bank Company Ltd.         1,171,639
 
 

 

ABS INSIGHTS EMERGING MARKETS FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 95.1% (Continued)      
    BANKING - 8.9% (Continued)      
99,000   CIMB Group Holdings Bhd       $ 179,599
27,831   Emirates NBD Bank PJSC(b)         223,969
66,376   FirstRand Ltd.(b)         394,115
39,900   Grupo Financiero Banorte SAB de CV         422,512
106,417   HDFC Bank Ltd.(b)         898,764
417,601   Ho Chi Minh City Development Joint Stock(a)         411,238
81,218   ICICI Bank Ltd.(b)         1,182,162
6,298   KB Financial Group, Inc.(b)         647,398
106,968   National Bank of Kuwait S.A.KP         278,485
44,200   NU Holdings Ltd./Cayman Islands, Class A(a)         590,512
1,400   OTP Bank Nyrt         206,630
35,940   Piraeus Bank S.A.(b)         372,985
10,190   Powszechna Kasa Oszczednosci Bank Polski S.A.         279,387
174,200   Public Bank Bhd         204,710
9,062   Raiffeisen Bank International A.G.(b)         577,952
125,152   Saudi National Bank (The)(b)         1,287,692
14,067   Standard Bank Group Ltd.(b)         277,445
             

15,886,100

    BEVERAGES - 1.6%      
26,400   Fomento Economico Mexicano S.A.B. de C.V.         337,370
232,000   Tsingtao Brewery Co Ltd         1,273,173
236,321   Varun Beverages Ltd.         1,269,522
             

2,880,065

    BIOTECH & PHARMA - 2.1%      
125,000   Akeso, Inc. 144A(a),(b),(c)         1,403,352
2,861   Gedeon Richter plc         110,735
49,808   Glenmark Pharmaceuticals Ltd.         1,162,061
4,143   Hanmi Pharm Co Ltd         1,064,691
             

3,740,839

    CHEMICALS - 0.8%      
14,334   Saudi Arabian Mining Company(a)         226,603
360,100   Shandong Hualu Hengsheng Chemical Company Ltd.         1,268,552
             

1,495,155

 
 

 

ABS INSIGHTS EMERGING MARKETS FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 95.1% (Continued)      
    CONSTRUCTION MATERIALS - 0.2%      
231,200   Cemex S.A.B. de C.V.       $ 277,608
             
    E-COMMERCE DISCRETIONARY - 2.7%      
199,100   Alibaba Group Holding Ltd.(b)         2,357,112
52,694   Allegro.eu S.A. 144A(a),(b),(c)         529,700
330   MercadoLibre, Inc.(a)         560,139
16,200   PDD Holdings, Inc. - ADR(a)         1,235,736
             

4,682,687

    ELECTRIC UTILITIES - 2.3%      
274,000   Cia Paranaense de Energia         797,683
3,227,300   Colbun S.A.         465,468
106,100   Equatorial Energia S.A.         800,429
2,788,000   Huadian Power International Corp Ltd.         1,325,954
299,606   National Central Cooling Company PJSC         215,333
3,500   Pampa Energia S.A. - ADR(a)         287,455
54,300   Tenaga Nasional Bhd(b)         189,836
             

4,082,158

    ELECTRICAL EQUIPMENT - 1.7%      
24,000   Chroma ATE, Inc.         1,629,164
29,400   Delta Electronics Thailand PCL         287,533
160,574   Triveni Turbine Ltd.         1,172,266
             

3,088,963

    ENTERTAINMENT CONTENT - 0.8%      
673,400   Zhejiang Century Huatong Group Company Ltd.         1,398,351
             
    FOOD - 1.5%      
64,366   Almarai Company JSC         779,093
11,967   CJ Corporation         1,196,871
295,900   Farm Fresh Bhd         165,894
860   Samyang Foods Company Ltd.         622,157
             

2,764,015

    HEALTH CARE FACILITIES & SERVICES - 1.1%      
488,000   Bangkok Dusit Medical         283,422
66,600   Bumrungrad Hospital PCL         376,781
 
 

 

ABS INSIGHTS EMERGING MARKETS FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 95.1% (Continued)      
    HEALTH CARE FACILITIES & SERVICES - 1.1% (Continued)      
96,737   Global Health Ltd./India       $ 1,345,182
             

2,005,385

    HOME CONSTRUCTION - 0.7%      
100,224   Kajaria Ceramics Ltd.(b)         1,283,985
             
    HOUSEHOLD PRODUCTS - 0.3%      
4,813   Cosmax, Inc.         481,991
             
    INDUSTRIAL INTERMEDIATE PROD - 2.6%      
66,557   APL Apollo Tubes Ltd.         1,260,058
10,000   Elite Material Co., Ltd         1,693,903
24,889   KEI Industries Limited         1,429,771
4,183   Metlen Energy & Metals plc         196,898
             

4,580,630

    INDUSTRIAL SUPPORT SERVICES - 0.8%      
68,600   Han's Laser Technology Industry Group Company Ltd.         1,516,553
             
    INSTITUTIONAL FINANCIAL SERVICES - 0.8%      
29,100   Hong Kong Exchanges & Clearing Ltd.(b)         1,346,874
             
    INSURANCE - 0.6%      
22,048   Company for Cooperative Insurance (The)         863,166
13,141   Powszechny Zaklad Ubezpieczen S.A.         229,229
             

1,092,395

    INTERNET MEDIA & SERVICES - 3.8%      
8,650   Naspers Ltd.         433,348
18,335   Prosus N.V.         791,446
78,700   Tencent Holdings Ltd.(b)         4,312,889
421,879   Zomato Ltd(a)         1,181,508
             

6,719,191

    LEISURE FACILITIES & SERVICES - 0.4%      
196,600   Smartfit Escola de Ginastica e Danca S.A.         744,248
             
 
 

 

ABS INSIGHTS EMERGING MARKETS FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 95.1% (Continued)      
    MACHINERY - 0.8%      
120,790   Elecon Engineering Company Ltd.       $ 682,447
32,982   Kirloskar Brothers Ltd.         716,819
             

1,399,266

    METALS & MINING - 2.9%      
9,109   Anglogold Ashanti plc         738,399
12,030   Gold Fields Ltd.         404,628
51,000   Grupo Mexico S.A.B. de C.V.         576,270
64,794   Impala Platinum Holdings Ltd.(b)         680,364
883,700   Lingbao Gold Group Company Ltd.         1,384,791
489,800   Zhongjin Gold Corp Ltd.         1,302,027
             

5,086,479

    OIL & GAS PRODUCERS - 2.7%      
374,672   Adnoc Gas plc         350,885
135,180   Aegis Logistics Ltd.         1,679,660
65,623   KOC Holding A/S(b)         272,216
73,700   PRIO S.A.(a)         744,898
46,937   Reliance Industries Ltd.         642,799
38,007   Saudi Arabian Oil Company(b)         264,210
119,900   Vibra Energia S.A.         692,088
             

4,646,756

    OIL & GAS SERVICES & EQUIPMENT - 0.7%      
1,660,000   China Oilfield Services Ltd., H Shares(b)         1,322,864
             
    REAL ESTATE OWNERS & DEVELOPERS - 0.9%      
1,635,000   Greentown China Holdings Ltd.(a)         1,409,262
281,600   Nam Long Investment Corporation         280,527
             

1,689,789

    RENEWABLE ENERGY - 1.0%      
22,700   Contemporary Amperex Technology Company Ltd.         1,313,873
17,569   CS Wind Corporation         483,301
             

1,797,174

    RETAIL - CONSUMER STAPLES - 1.1%      
22,278   BIM Birlesik Magazalar A/S         174,439
200,600   CP All Plc.(b)         282,208
 
 

 

ABS INSIGHTS EMERGING MARKETS FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 95.1% (Continued)      
    RETAIL - CONSUMER STAPLES - 1.1% (Continued)      
101,200   Grupo Comercial Chedraui S.A. de CV       $ 517,821
45,346   Pepco Group N.V. 144A(c)         437,934
369,400   Puregold Price Club, Inc.(b)         244,500
3,371,400   Sumber Alfaria Trijaya Tbk PT         257,144
             

1,914,046

    RETAIL - DISCRETIONARY - 0.9%      
98,900   Localiza Rent a Car S.A. 144A(c)         796,618
109,600   Mobile World Investment Corporation         326,086
123,100   Vivara Participacoes S.A.         542,444
             

1,665,148

    SEMICONDUCTORS - 25.1%      
13,373   DB HiTek Company Ltd.         1,246,710
33,378   Dongjin Semichem Company Ltd.         1,258,057
13,000   eMemory Technology, Inc.         1,195,003
3,754   Eo Technics Co., Ltd.         1,155,241
17,000   LandMark Optoelectronics Corporation         1,079,195
242,000   Macronix International(a),(b)         1,182,621
3,000   MediaTek, Inc.(b)         400,220
8,000   MPI Corporation         1,531,113
85,000   Nanya Technology Corporation(b)         1,208,752
87,000   Pan Jit International, Inc.         498,979
4,844   SK Hynix, Inc.(b)         8,298,918
326,000   Taiwan Semiconductor Manufacturing Company Ltd.         24,690,762
5,000   WinWay Technology Company Ltd.         1,270,427
             

45,015,998

    SOFTWARE - 0.4%      
4,200   Kaspi.KZ JSC - ADR         363,888
10,203   Rasan Information Technology Company(a)         419,807
             

783,695

    SPECIALTY FINANCE - 1.0%      
307,800   Krungthai Card PCL         307,976
66,295   Piramal Finance Ltd.         1,518,509
             

1,826,485

 
 

 

ABS INSIGHTS EMERGING MARKETS FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 95.1% (Continued)      
    STEEL - 0.4%      
7,822   East Pipes Integrated Company for Industry       $ 457,986
337,392   Hoa Phat Group JSC         299,476
             

757,462

    TECHNOLOGY HARDWARE - 13.8%      
19,355   BizLink Holding, Inc.         1,164,828
7,000   Delta Electronics, Inc.(b)         428,975
169,300   ITMAX SYSTEM Bhd         202,268
10,000   Jentech Precision Industrial Co., Ltd.         1,077,938
68,000   Kinsus Interconnect Technology Corporation         1,904,086
57,411   Samsung Electronics Company Ltd.(b)         12,396,899
28,740   Seojin System Company Ltd.(a)         975,478
31,000   Taiwan Union Technology Corporation         1,636,706
54,000   Unimicron Technology Corporation         1,815,839
144,000   WT Microelectronics Company Ltd.(b)         968,448
60,600   Xiaomi Corp, Class B 144A(a),(c)         167,208
91,000   Zhen Ding Technology Holding Ltd.         1,801,697
             

24,540,370

    TECHNOLOGY SERVICES - 0.7%      
98,861   One 97 Communications Ltd.(a)         1,194,428
             
    TELECOMMUNICATIONS - 1.0%      
176,000   America Movil S.A.B. de C.V.         228,737
55,625   Bharti Airtel Ltd.(b)         1,090,361
73,421   Ooredoo QPSC         267,224
24,840   Saudi Telecom Company         285,858
             

1,872,180

    TRANSPORTATION & LOGISTICS - 2.7%      
226,345   Abu Dhabi Ports Company PJSC(a)         289,617
78,545   Adani Ports & Special Economic Zone Ltd.         1,504,887
676,000   Anhui Expressway Company Ltd., H Shares         1,261,009
28,455   Promotora y Operadora de Infraestructura S.A.B. de C.V.         451,928
1,665,000   Qingdao Port International Company Ltd., H Shares 144A(c)         1,337,464
             

4,844,905

 
 

 

ABS INSIGHTS EMERGING MARKETS FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 95.1% (Continued)      
    TRANSPORTATION EQUIPMENT - 0.8%      
280,600   Zhuzhou CRRC Times Electric Company Ltd., H Shares       $ 1,433,263
             
    WHOLESALE - CONSUMER STAPLES - 0.5%      
32,518   Bid Corp Ltd.         886,586
             
    WHOLESALE - DISCRETIONARY - 0.4%      
469,800   Sendas Distribuidora S.A.         792,451
             
               
    TOTAL COMMON STOCKS (Cost $122,783,795)    

  169,683,272

               
Shares         Coupon Rate (%) Maturity Fair Value
    PREFERRED STOCKS — 2.2%      
           
    AUTOMOTIVE — 0.5%      
6,683   Hyundai Motor Company   4.69% -   931,087
             
    CHEMICALS — 0.1%      
2,782   Sociedad Quimica y Minera de Chile S.A., Class B   1.35% -   206,504
             
    TECHNOLOGY HARDWARE — 1.6%      
20,143   Samsung Electronics Company Ltd.(b)   0.79% -   2,760,778
             
  TOTAL PREFERRED STOCKS (Cost $1,618,776)    

3,898,369

             
Shares             Fair Value
    SHORT-TERM INVESTMENT — 2.9%      
    MONEY MARKET FUND - 2.9%      
5,238,770   Northern Institutional Treasury Portfolio, 3.50% (Cost $5,238,770)(d)         5,238,770
             
    TOTAL INVESTMENTS - 100.3% (Cost $129,817,867)     $ 179,019,778
    LIABILITIES IN EXCESS OF OTHER ASSETS - (0.3)%    

(598,137)

    NET ASSETS - 100.0%        

$ 178,421,641

           
 
 

 

ABS INSIGHTS EMERGING MARKETS FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026

 

 

A/S Aktieselskab
ADR American Depositary Receipt
A..G. Aktiengesellschaft
BHD Bahraini Dinar
JSC Joint-stock company
LTD Limited Company
NYRT New York REIT, Inc.
P.T. Publicly Traded
PCL Public Limited Company
PJSC Private Joint Company
PLC Public Limited Company (UK)
QPSC Qualified Public Shareholding Company
S.A. Société Anonyme
S.A. de CV Sociedad Anónima de Capital Variable
S.A.KP Société Anonyme Kuwait
SAB de CV Sociedad Anónima Bursátil de Capital Variable
TBK P.T. Perseroan Terbatas Terbuka

 

 

 

(a) Non-income producing security.
(b) The value of this security has been determined in good faith under policies of the Board of Trustees.
(c) 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 June 30, 2026 the total market value of 144A securities is 4,672,276 or 2.6% of net assets.
(d) Rate disclosed is the seven day effective yield as of June 30, 2026.