Adaptive Growth Opportunities Fund Class A Shares

Portfolio Holdings as of 3/31/2020

Ticker Cusip Description Shares Market Value % of Portfolio
XLC 81369Y852 Communication Servic es Select Sector SPD 166,159.000 $7,350,874.16 13.99%
IHI 464288810 iShares U.S. Medical Devices ETF 30,245.000 $6,815,710.75 12.97%
SKYY 33734X192 FIRST TRUST CLOUD COMPUTING ETF 111,891.000 $6,096,940.59 11.61%
XLK 81369Y803 Technology Select Se ctor SPDR Fund 75,096.000 $6,035,465.52 11.49%
IGV 464287515 ISHARES EXPANDED TECH SOFTWARE 26,812.000 $5,638,295.48 10.73%
IPAY 26924G409 ETFMG PRIME MOBILE PAYMENTS 133,793.000 $4,986,465.11 9.49%
IBUY 032108102 AMPLIFY ONLINE RETAIL ETF 104,458.000 $4,336,051.58 8.25%
SMH 92189F676 VanEck Vectors Semic onductor ETF 33,172.000 $3,885,768.08 7.40%
SOXX 464287523 iShares PHLX Semicon ductor ETF 18,688.000 $3,834,964.48 7.30%
USMV 46429B697 iShares Edge MSCI Mi n Vol USA ETF 52,021.000 $2,809,654.21 5.35%
FIGXX 316175108 Fidelity Investments Money Market Funds 744,145.510 $744,145.51 1.42%

Totals 1,496,480.510 $52,534,335.47