Adaptive Tactical Rotation Fund Class A Shares

Portfolio Holdings as of 3/31/2020

Ticker Cusip Description Shares Market Value % of Portfolio
QQQ 46090E103 Invesco QQQ Trust Se ries 1 18,765.000 $3,572,856.00 16.90%
XLK 81369Y803 Technology Select Se ctor SPDR Fund 28,562.000 $2,295,527.94 10.86%
XLP 81369Y308 Consumer Staples Sel ect Sector SPDR Fund 37,114.000 $2,021,599.58 9.56%
XLY 81369Y407 Consumer Discretiona ry Select Sector SPD 20,358.000 $1,996,712.64 9.44%
XLC 81369Y852 Communication Servic es Select Sector SPD 44,610.000 $1,973,546.40 9.33%
DVY 464287168 iShares Select Divid end ETF 26,039.000 $1,914,908.06 9.06%
XLV 81369Y209 Health Care Select S ector SPDR Fund 19,020.000 $1,684,791.60 7.97%
USMV 46429B697 iShares Edge MSCI Mi n Vol USA ETF 25,818.000 $1,394,430.18 6.59%
FIGXX 316175108 Fidelity Investments Money Market Funds 1,390,222.340 $1,390,222.34 6.57%
VGT 92204A702 Vanguard Information Technology ETF 5,890.000 $1,248,091.00 5.90%
SMH 92189F676 VanEck Vectors Semic onductor ETF 7,853.000 $919,900.42 4.35%
IBB 464287556 iShares Nasdaq Biote chnology ETF 6,807.000 $733,386.18 3.47%
SPY 78462F103 SPDR S&P 500 ETF Tru st 0.000 $0.00 0.00%

Totals 1,631,058.340 $21,145,972.34