The Diplomat Fund
SCHEDULE OF INVESTMENTS
As of July 31, 2026 (Unaudited)

 

Principal
Amount		      Value 
     U.S. TREASURY NOTES — 95.7%     
     United States Treasury Note     
$13,039,000   3.500%, 2/28/20311  $12,552,071 
     TOTAL U.S. TREASURY NOTES     
     (Cost $12,740,224)    12,552,071 
           
 

Number

of Shares

         
     SHORT-TERM INVESTMENTS — 3.2%     
 418,184   Fidelity Investments Money Market Government Portfolio - Class I 3.510%2   418,184 
     TOTAL SHORT-TERM INVESTMENTS     
     (Cost $418,184)   418,184 
     TOTAL INVESTMENTS — 98.9%     
     (Cost $13,158,408)   12,970,255 
     Other Assets in Excess of Liabilities — 1.1%   143,928 
     TOTAL NET ASSETS — 100.0%  $13,114,183 

1All or a portion of this security is segregated as collateral for initial futures margin. The market value of the securities pledged as collateral was $385,062, which represents 2.9% of total net assets of the Fund.
2The rate is the annualized seven-day yield at period end.

 

 

 

 

The Diplomat Fund            
SCHEDULE OF INVESTMENTS - Continued            
As of July 31, 2026 (Unaudited)            
                
FUTURES CONTRACTS                  
                 Value/ 
Number of                Unrealized 
Contracts      Expiration     Notional    Appreciation 
Long (Short)  Description   Date    Value    (Depreciation) 
                   
112  CME 3M SOFR   December 2027   $26,825,400   $(15,400)
41  U.S. 10 Year Treasury Note   September 2026    4,428,000    (26,266)
                   
TOTAL FUTURES CONTRACTS       $31,253,400   $(41,666)