Sound
Mind
Investing
Fund
Schedule
of
Investments
July
31,
2021
-
(Unaudited)
EXCHANGE-TRADED
FUNDS
—
72.92%
Shares
Fair
Value
Invesco
DWA
Basic
Materials
Momentum
ETF
17,040
$
1,508,892
Invesco
S&P
500®
GARP
ETF
64,750
5,843,040
Invesco
S&P
500®
High
Beta
ETF
188,040
13,685,551
iShares
Russell
1000
Growth
ETF(a)
185,320
52,011,912
iShares
Russell
2000
Value
ETF
76,920
12,304,123
SPDR
Bloomberg
Barclays
1-3
Month
T-Bill
ETF
166,080
15,189,677
SPDR
S&P
Homebuilders
ETF
20,220
1,524,386
SPDR
S&P
Metals
&
Mining
ETF
34,540
1,553,609
SPDR
S&P
Oil
&
Gas
Exploration
&
Production
ETF
18,400
1,523,520
SPDR
S&P
Regional
Banking
ETF
22,300
1,395,311
SPDR
S&P
Retail
ETF
16,390
1,561,475
Total
Exchange-Traded
Funds
Cost
($105,930,738)
108,101,496
MUTUAL
FUNDS
—
26.27%
Shares
Fair
Value
Aegis
Value
Fund,
Inc.,
Institutional
Class
173,812
4,791,997
Akre
Focus
Fund,
Institutional
Class
101
6,701
AllianzGI
Dividend
Value
Fund
200
2,632
AllianzGI
NFJ
Small-Cap
Value
Fund
162
3,041
American
Century
Equity
Income
Fund,
Investor
Class
100
1,002
American
Century
International
Opportunities
Fund,
Institutional
Class
360
5,293
AMG
Yacktman
Focused
Fund,
Institutional
Class
100
2,126
AMG
Yacktman
Fund,
Institutional
Class
100
2,421
Artisan
International
Small
Cap
Fund,
Investor
Class
100
2,152
Artisan
International
Value
Fund,
Investor
Class
150
6,870
Artisan
Mid
Cap
Value
Fund,
Investor
Class
279
6,512
Artisan
Small
Cap
Fund,
Investor
Class
125
6,346
BlackRock
International
Opportunities
Portfolio,
Institutional
Class
100
3,502
BNY
Mellon
Opportunistic
Small
Cap
Fund,
Investor
Class
100
3,739
Bridgeway
Small-Cap
Growth
Fund,
Class
N
205
7,292
Bridgeway
Small-Cap
Value
Fund,
Class
N
143,102
5,091,557
Bridgeway
Ultra-Small
Company
Market
Fund,
Class
N
473,295
8,675,503
Buffalo
Small
Cap
Fund,
Inc.
150
3,483
Champlain
Small
Company
Fund,
Institutional
Class
100
2,548
Chartwell
Small
Cap
Value
Fund
118
2,461
Columbia
Acorn
Fund,
Class
Z
137
2,372
Columbia
Acorn
International,
Class
Z
100
3,719
Columbia
Contrarian
Core
Fund,
Class
Z
91
3,292
Columbia
Small
Cap
Growth
Fund
I,
Class
Z
100
3,467
Davis
Opportunity
Fund,
Class
Y
100
4,807
Delaware
Select
Growth
Fund,
Institutional
Class
100
4,687
Delaware
Small
Cap
Value
Fund,
Institutional
Class
100
7,752
Delaware
Value
Fund,
Institutional
Class
144
3,543
Deutsche
Small
Cap
Core
Fund,
Institutional
Class
52
2,341
DFA
International
Small
Cap
Value
Portfolio,
Institutional
Class
100
2,180
DFA
International
Small
Company
Portfolio,
Institutional
Class
100
2,310
DFA
U.S.
Small
Cap
Value
Portfolio,
Institutional
Class
100
4,416
Sound
Mind
Investing
Fund
Schedule
of
Investments
(continued)
July
31,
2021
-
(Unaudited)
MUTUAL
FUNDS
—
26.27%
-
continued
Shares
Fair
Value
Fairholme
Fund
100
$
2,787
Fidelity
Mid-Cap
Stock
Fund
150
6,209
Fidelity
Select
Banking
Portfolio
48,977
1,361,077
Fidelity
Select
Energy
Service
Portfolio
72,789
1,365,522
Fidelity
Small
Cap
Discovery
Fund
100
2,970
Fidelity
Small
Cap
Stock
Fund
150
3,305
Fidelity
Small
Cap
Value
Fund
150
3,239
Fidelty
Select
Automotive
Portfolio
23,380
1,439,025
Franklin
Small
Cap
Value
Fund,
Advisor
Class
100
6,375
Hartford
International
Opportunities
Fund
(The),
Class
Y
248
5,391
Heartland
Value
Fund
100
5,025
Hennessy
Cornerstone
Mid
Cap
30
Fund,
Institutional
Class
100
2,082
Hennessy
Focus
Fund,
Investor
Class
50
3,815
Hennessy
Small
Cap
Financial
Fund,
Investor
Class
50,581
1,426,882
Invesco
American
Value
Fund,
Class
Y
141
5,903
Invesco
Oppenheimer
International
Small-Mid
Company
Fund,
Class
Y
100
6,160
Jacob
Internet
Fund,
Investor
Class
71,262
727,583
Janus
Henderson
Contrarian
Fund,
Class
T
100
3,183
Janus
Henderson
Mid
Cap
Value
Fund,
Class
T
200
3,578
Janus
Henderson
Overseas
Fund,
Class
T
100
4,359
Janus
Henderson
Venture
Fund,
Class
T
100
10,865
JOHCM
International
Select
Fund,
Institutional
Class
100
3,161
JPMorgan
Mid
Cap
Value
Fund,
Institutional
Class
100
4,517
JPMorgan
Small
Cap
Equity
Fund,
Select
Class
100
7,773
JPMorgan
Small
Cap
Growth
Fund,
Class
L
100
2,990
JPMorgan
U.S.
Research
Enhanced
Equity
Fund,
Institutional
Class
100
3,771
Longleaf
Partners
Fund
150
3,927
Longleaf
Partners
International
Fund
150
2,754
Longleaf
Partners
Small-Cap
Fund
100
2,659
Lord
Abbett
Developing
Growth
Fund,
Inc.,
Institutional
Class
100
4,004
MainStay
WMC
Enduring
Capital
Fund,
Institutional
Class
18
617
Miller
Opportunity
Trust,
Institutional
Class
100
4,997
Morgan
Stanley
Discovery
Portfolio,
Institutional
Class
100
4,390
Morgan
Stanley
Growth
Portfolio,
Institutional
Class
100
10,332
Neuberger
Berman
Genesis
Fund,
Institutional
Class
100
7,868
Nicholas
Fund,
Inc.
50
4,219
Oakmark
International
Fund,
Investor
Class
150
4,365
Oakmark
International
Small
Cap
Fund,
Institutional
Class
150
3,101
Oakmark
Select
Fund,
Institutional
Class
150
9,170
Polen
Growth
Fund,
Institutional
Class
28,849
1,593,882
PRIMECAP
Odyssey
Aggressive
Growth
Fund
100
5,882
Principal
SmallCap
Growth
Fund
I,
Institutional
Class
200
3,940
ProFunds
Banks
UltraSector
Fund,
Investor
Class
(b)
15,302
868,251
ProFunds
Financials
UltraSector
Fund,
Investor
Class
(b)
22,206
732,578
ProFunds
Oil
&
Gas
UltraSector
Fund,
Investor
Class
23,941
463,256
ProFunds
Semiconductor
UltraSector
Fund,
Investor
Class
(b)
12,320
1,454,827
ProFunds
Technology
UltraSector
Fund,
Investor
Class
12,224
1,525,020
Sound
Mind
Investing
Fund
Schedule
of
Investments
(continued)
July
31,
2021
-
(Unaudited)
MUTUAL
FUNDS
—
26.27%
-
continued
Shares
Fair
Value
Prudential
Jennison
International
Opportunities,
Class
Z
185
$
6,980
Royce
Micro-Cap
Fund,
Investment
Class
106
1,676
Royce
Opportunity
Fund,
Investment
Class
348,108
7,059,621
Royce
Premier
Fund,
Investment
Class
300
4,527
Royce
Special
Equity
Fund,
Institutional
Class
150
3,063
T.
Rowe
Price
International
Discovery
Fund,
Investor
Class
75
7,570
T.
Rowe
Price
Mid-Cap
Growth
Fund,
Investor
Class
50
6,335
T.
Rowe
Price
New
Horizons
Fund,
Investor
Class
100
9,234
T.
Rowe
Price
Small-Cap
Value
Fund,
Investor
Class
100
6,190
Thornburg
Value
Fund,
Institutional
Class
100
10,044
TIAA-CREF
International
Equity
Fund,
Institutional
Class
100
1,434
Touchstone
Sands
Capital
Select
Growth
Fund,
Class
Y
100
2,241
Tweedy
Browne
Global
Value
Fund
150
4,623
Vanguard
Strategic
Equity
Fund,
Investor
Class
100
4,443
Victory
RS
Small
Cap
Growth
Fund,
Class
Y
100
9,983
Wasatch
Emerging
Markets
Small
Cap
Fund,
Investor
Class
1,000
4,080
Wasatch
International
Growth
Fund,
Investor
Class
150
5,591
Wasatch
Micro
Cap
Fund,
Investor
Class
100
1,311
Total
Mutual
Funds
Cost
($39,642,608)
38,948,596
MONEY
MARKET
FUNDS
-
0.01%
Fidelity
Investments
Money
Market
Government
Portfolio,
Institutional
Class,
0.01%
(c)
12,169
12,169
Total
Money
Market
Funds
(Cost
$12,169)
12,169
Total
Investments
—
99.20%
(Cost
$145,585,515)
147,062,261
Other
Assets
in
Excess
of
Liabilities — 0.80%
1,185,943
NET
ASSETS
—
100.00%
$
148,248,204
(a)
Represents
an
investment
greater
than
25%
of
the
Fund's
net
assets. Performance
of
the
Fund
may
be
adversely
impacted
by
concentrated
investments
in
securities. The
financial
statements
and
portfolio
holdings
for
these
securities
can
be
found
at
www.sec.gov. As
of
July
31,
2021,
the
percentage
of
net
assets
invested
in
iShares
Russell
1000
Growth
ETF
was
35.08%
of
the
Fund.
(b)
Non-income
producing
security.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2021.
ETF
-
Exchange-Traded
Fund
SPDR
-
Standard
&
Poor's
Depositary
Receipt
SMI
Dynamic
Allocation
Fund
Schedule
of
Investments
July
31,
2021
-
(Unaudited)
EXCHANGE-TRADED
FUNDS
—
99.52%
Shares
Fair
Value
iShares
MSCI
EAFE
ETF
(a)
480,040
$
38,158,380
Real
Estate
Select
Sector
SPDR
Fund
174,040
8,071,975
SPDR
S&P
500®
ETF
(a)
92,590
40,601,641
Vanguard
Real
Estate
ETF
(a)
286,670
30,470,154
Total
Exchange-Traded
Funds
Cost
($102,099,508)
117,302,150
MONEY
MARKET
FUNDS
-
0.53%
Fidelity
Investments
Money
Market
Government
Portfolio,
Institutional
Class,
0.01%
(b)
619,337
619,337
Total
Money
Market
Funds
(Cost
$619,337)
619,337
Total
Investments
—
100.05%
(Cost
$102,718,845)
117,921,487
Liabilities
in
Excess
of
Other
Assets — (0.05)%
(62,136)
NET
ASSETS
—
100.00%
$
117,859,351
(a)
Represents
an
investment
greater
than
25%
of
the
Fund's
net
assets. Performance
of
the
Fund
may
be
adversely
impacted
by
concentrated
investments
in
securities. The
financial
statements
and
portfolio
holdings
for
these
securities
can
be
found
at
www.sec.gov. As
of
July
31,
2021,
the
percentage
of
net
assets
invested
in
SPDR
S&P
500®
ETF
,
iShares
MSCI
EAFE
ETF,
and
Vanguard
Real
Estate
ETF
were
34.45%,
32.38%,
and
25.85%,
respectively,
of
the
Fund.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2021.
ETF
-
Exchange-Traded
Fund
SPDR
-
Standard
&
Poor's
Depositary
Receipt
SMI
50/40/10
Fund
Schedule
of
Investments
July
31,
2021
-
(Unaudited)
EXCHANGE-TRADED
FUNDS
—
85.44%
Shares
Fair
Value
Invesco
DWA
Basic
Materials
Momentum
ETF
3,250
$
287,788
Invesco
S&P
500®
GARP
ETF
11,180
1,008,883
Invesco
S&P
500®
High
Beta
ETF
34,180
2,487,620
iShares
MSCI
EAFE
ETF
146,990
11,684,235
iShares
Russell
1000
Growth
ETF
33,990
9,539,633
iShares
Russell
2000
Value
ETF
15,080
2,412,197
SPDR
Bloomberg
Barclays
1-3
Month
T-Bill
ETF
38,380
3,510,235
SPDR
S&P
500®
ETF
26,630
11,677,521
SPDR
S&P
Homebuilders
ETF
3,820
287,990
SPDR
S&P
Metals
&
Mining
ETF
6,080
273,478
SPDR
S&P
Oil
&
Gas
Exploration
&
Production
ETF
3,510
290,628
SPDR
S&P
Regional
Banking
ETF
55,570
3,477,015
SPDR
S&P
Retail
ETF
3,170
302,006
Vanguard
Real
Estate
ETF
120,060
12,761,178
Total
Exchange-Traded
Funds
Cost
($55,328,589)
60,000,407
MUTUAL
FUNDS
—
14.23%
Aegis
Value
Fund,
Inc.,
Institutional
Class
40,040
1,103,902
AMG
Yacktman
Focused
Fund,
Institutional
Class
100
2,126
Bridgeway
Small-Cap
Value
Fund,
Class
N
38,224
1,359,997
Bridgeway
Ultra-Small
Company
Market
Fund,
Class
N
81,688
1,497,345
Fidelity
Select
Energy
Service
Portfolio
14,563
273,204
Fidelty
Select
Automotive
Portfolio
4,439
273,245
Hennessy
Small
Cap
Financial
Fund,
Investor
Class
46,774
1,319,501
Invesco
Oppenheimer
International
Small-Mid
Company
Fund,
Class
Y
100
6,160
Jacob
Internet
Fund,
Investor
Class
19,438
198,466
Longleaf
Partners
International
Fund
150
2,754
Lord
Abbett
Developing
Growth
Fund,
Inc.,
Institutional
Class
100
4,004
Miller
Opportunity
Trust,
Institutional
Class
100
4,997
Morgan
Stanley
Discovery
Portfolio,
Institutional
Class
100
4,390
Oakmark
International
Fund,
Investor
Class
50
1,455
Polen
Growth
Fund,
Institutional
Class
19,326
1,067,760
ProFunds
Banks
UltraSector
Fund,
Investor
Class
(a)
7,225
409,960
ProFunds
Financials
UltraSector
Fund,
Investor
Class
(a)
9,159
302,157
ProFunds
Oil
&
Gas
UltraSector
Fund,
Investor
Class
14,205
274,858
ProFunds
Semiconductor
UltraSector
Fund,
Investor
Class
(a)
2,339
276,246
ProFunds
Technology
UltraSector
Fund,
Investor
Class
2,321
289,574
Royce
Opportunity
Fund,
Investment
Class
65,025
1,318,698
Wasatch
International
Growth
Fund,
Investor
Class
100
3,727
Total
Mutual
Funds
Cost
($10,176,763)
9,994,526
MONEY
MARKET
FUNDS
-
0.40%
Fidelity
Investments
Money
Market
Government
Portfolio,
Institutional
Class,
0.01%
(b)
278,287
278,287
Total
Money
Market
Funds
(Cost
$278,287)
278,287
SMI
50/40/10
Fund
Schedule
of
Investments
(continued)
July
31,
2021
-
(Unaudited)
MUTUAL
FUNDS
—
14.23%
-
continued
Total
Investments
—
100.07%
(Cost
$65,783,639)
$
70,273,220
Liabilities
in
Excess
of
Other
Assets — (0.07)%
(49,819)
NET
ASSETS
—
100.00%
$
70,223,401
(a)
Non-income
producing
security.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2021.
ETF
-
Exchange-Traded
Fund
SPDR
-
Standard
&
Poor's
Depositary
Receipt