Advisors Preferred Trust NPORTP Quantified Tactical Fixed Income Fund (Sep 2024 report)

QUANTIFIED MANAGED INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2024

Shares			Fair Value
		COMMON STOCKS — 10.0%
		AEROSPACE & DEFENSE - 0.3%
	949	Lockheed Martin Corporation	$	554,747

		ASSET MANAGEMENT - 0.7%
	1,206	Ameriprise Financial, Inc.		566,591
	15,243	Federated Hermes, Inc.		560,485
				1,127,076
		BEVERAGES - 0.7%
	7,543	Coca-Cola Company		542,040
	3,240	PepsiCo, Inc.		550,962
				1,093,002
		BIOTECH & PHARMA - 0.3%
	3,427	Johnson & Johnson		555,380

		COMMERCIAL SUPPORT SERVICES - 0.7%
	2,708	Cintas Corporation		557,523
	2,593	Waste Management, Inc.		538,307
				1,095,830
		CONSUMER SERVICES - 0.3%
	6,898	Service Corp International		544,459

		DIVERSIFIED INDUSTRIALS - 0.7%
	2,656	Honeywell International, Inc.		549,022
	2,179	Illinois Tool Works, Inc.		571,051
				1,120,073
		HEALTH CARE FACILITIES & SERVICES - 0.3%
	940	Chemed Corporation		564,912

		HOUSEHOLD PRODUCTS - 1.0%
	5,401	Colgate-Palmolive Company		560,678
	3,952	Kimberly-Clark Corporation		562,290
	3,078	Procter & Gamble Company		533,110
				1,656,078
		INSURANCE - 1.0%
	4,923	Aflac, Inc.		550,391

QUANTIFIED MANAGED INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

September 30, 2024

Shares			Fair Value
		COMMON STOCKS — 10.0% (Continued)
		INSURANCE - 1.0% (Continued)
	2,492	Marsh & McLennan Companies, Inc.	$	555,940
	3,516	RLI Corporation		544,910
				1,651,241
		LEISURE FACILITIES & SERVICES - 0.4%
	7,179	Monarch Casino & Resort, Inc.		569,079

		MACHINERY - 0.3%
	7,676	Donaldson Company, Inc.		565,721

		RETAIL - DISCRETIONARY - 0.3%
	4,587	TJX Companies, Inc.		539,156

		SPECIALTY REITS - 0.3%
	3,998	Lamar Advertising Company, Class A		534,133

		TECHNOLOGY SERVICES – 2.0%
	2,015	Automatic Data Processing, Inc.		557,611
	2,565	Broadridge Financial Solutions, Inc.		551,552
	1,079	Mastercard, Inc., Class A		532,810
	1,116	Moody’s Corporation		529,642
	2,103	Verisk Analytics, Inc.		563,520
	1,937	Visa, Inc., Class A		532,578
				3,267,713
		TRANSPORTATION & LOGISTICS - 0.7%
	15,815	CSX Corporation		546,092
	2,288	Union Pacific Corporation		563,947
				1,110,039

		TOTAL COMMON STOCKS (Cost $15,601,710)		16,548,639

QUANTIFIED MANAGED INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

September 30, 2024

Shares			Fair Value
		EXCHANGE-TRADED FUNDS — 84.7%
		Equity – 13.5%
	235,738	Alerian MLP ETF^(b)	$	11,110,332
	144,548	WisdomTree US LargeCap Dividend Fund		11,355,691
				22,466,023

		FIXED INCOME - 71.2%
	521,839	Invesco Emerging Markets Sovereign Debt ETF		11,219,539
	263,272	Invesco Fundamental High Yield Corporate Bond ETF^(b)		4,881,063
	322,454	iShares 1-3 Year Treasury Bond ETF^(b)		26,812,050
	271,331	iShares 20+ Year Treasury Bond ETF^(b)		26,617,571
	129,498	iShares 7-10 Year Treasury Bond ETF		12,706,344
	61,341	iShares iBoxx High Yield Corporate Bond ETF^(b)		4,925,682
	84,440	PIMCO 0-5 Year High Yield Corporate Bond Index ETF		8,064,020
	71,002	SPDR Bloomberg Convertible Securities ETF		5,438,043
	67,060	SPDR Bloomberg High Yield Bond ETF^(b)		6,557,797
	139,607	Vanguard Long-Term Corporate Bond ETF^(b)		11,340,277
				118,562,386

		TOTAL EXCHANGE-TRADED FUNDS (Cost $139,279,327)		141,028,409

		SHORT-TERM INVESTMENTS — 4.3%
		MONEY MARKET FUNDS - 4.3%
	3,616,159	Fidelity Government Portfolio, Class I, 4.84%^(a)		3,616,159
	3,616,159	First American Government Obligations Fund, Class Z, 4.79%^(a)		3,616,159
		TOTAL MONEY MARKET FUNDS (Cost $7,232,318)		7,232,318

		TOTAL SHORT-TERM INVESTMENTS (Cost $7,232,318)		7,232,318

QUANTIFIED MANAGED INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
September 30, 2024

Units						Fair Value
		COLLATERAL FOR SECURITIES LOANED - 26.3%
	43,816,448	Mount Vernon Liquid Assets Portfolio, LLC, 5.02%^(a),(c),(d)				$	43,816,448
		TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $43,816,448)					43,816,448

		TOTAL INVESTMENTS - 125.3% (Cost $205,929,803)				$	208,625,814
		LIABILITIES IN EXCESS OF OTHER ASSETS - (25.3)%					(42,175,449	)
		NET ASSETS - 100.0%				$	166,450,365

OPEN FUTURES CONTRACTS
Number of Contracts		Open Short Futures Contracts	Expiration	Notional Amount		Unrealized Appreciation (Depreciation)
	21	CME E-Mini Standard & Poor’s 500 Index Futures	12/23/2024	$	6,104,963	$	(116,713	)
	188	Ultra U.S. Treasury Bond Futures	12/20/2024		25,021,625		29,225
		TOTAL FUTURES CONTRACTS				$	(87,488	)

ETF	- Exchange-Traded Fund

LLC	- Limited Liability Company

REIT	- Real Estate Investment Trust

SPDR	- Standard & Poor’s Depositary Receipt

^(a)	Rate disclosed is the seven-day effective yield as of September 30, 2024.

^(b)	All or portion of the security is on loan. Total loaned securities had a value of $42,728,356 at September 30, 2024.

^(c)	Security purchased with cash proceeds of securities lending collateral.

^(d)	Investment is valued using net asset value per share as a practical expedient.

QUANTIFIED MARKET LEADERS FUND

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2024

Shares			Fair Value
		EXCHANGE-TRADED FUNDS — 82.0%
		EQUITY – 82.0%
	103,349	iShares Russell 2000 Value ETF^(b)	$	17,240,680
	60,879	iShares Russell Mid-Cap Value ETF^(b)		8,051,248
	76,018	SPDR S&P 500 ETF Trust		43,616,088
	195,431	Vanguard Financials ETF		21,479,821
				90,387,837

		TOTAL EXCHANGE-TRADED FUNDS (Cost $87,356,946)		90,387,837

		SHORT-TERM INVESTMENTS — 16.6%
		MONEY MARKET FUNDS – 16.6%
	9,125,102	Fidelity Government Portfolio, Class I, 4.84%^(a)		9,125,102
	9,125,102	First American Government Obligations Fund, Class Z, 4.79%^(a)		9,125,102
		TOTAL MONEY MARKET FUNDS (Cost $18,250,204)		18,250,204

		TOTAL SHORT-TERM INVESTMENTS (Cost $18,250,204)		18,250,204

Units
		COLLATERAL FOR SECURITIES LOANED — 4.8%
	5,345,400	Mount Vernon Liquid Assets Portfolio, LLC, 5.02%^(a),(c),(d)		5,345,400
		TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $5,345,400)		5,345,400

		TOTAL INVESTMENTS - 103.4% (Cost $110,952,550)	$	113,983,441
		LIABILITIES IN EXCESS OF OTHER ASSETS - (3.4)%		(3,766,379	)
		NET ASSETS - 100.0%	$	110,217,062

ETF	- Exchange-Traded Fund

LLC	- Limited Liability Company

SPDR	- Standard & Poor’s Depositary Receipt

^(a)	Rate disclosed is the seven-day effective yield as of September 30, 2024.

^(b)	All or portion of the security is on loan. Total loaned securities had a value of $5,250,448 at September 30, 2024.

^(c)	Security purchased with cash proceeds of securities lending collateral.

^(d)	Investment is valued using net asset value per share as a practical expedient.

QUANTIFIED MARKET LEADERS FUND

SCHEDULE OF INVESTMENTS (Unaudited)(Continued)

September 30, 2024

TOTAL RETURN SWAPS

Number of
Shares

Reference Entity

Notional
Amount at
September 30,
2024

Interest Rate Payable ⁽¹⁾

Termination
Date

Counterparty

Unrealized
Appreciation

Long Position:

69,490

iShares Russell 1000 Growth ETF

26,085,156

USD SOFR plus 60 bp

9/19/2025

BRC

482,007

13,710

iShares Russell 2000 Growth ETF

2,522,640

USD SOFR plus 60 bp

9/19/2025

BRC

107,782

108,610

iShares Russell 2000 Growth ETF

30,845,240

USD SOFR plus 60 bp

10/17/2025

BRC

404,492

4,800

iShares Russell Mid-Cap Growth ETF

634,800

USD SOFR plus 60 bp

10/8/2025

BRC

30,036

97,480

Technology Select Sector SPDR Fund ETF

22,007,085

USD SOFR plus 60 bp

10/23/2025

BRC

336,517

Total:

1,360,834

BRC	- Barclays Capital

SOFR	- Secured Overnight Financing Rate

⁽¹⁾

Interest rate is based upon predetermined notional amounts, which may be a multiple of the number of shares plus a specified spread.

QUANTIFIED ALTERNATIVE INVESTMENT FUND

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2024

Shares			Fair Value
		EXCHANGE-TRADED FUNDS — 62.6%
		ALTERNATIVE - 2.2%
	22,043	AltShares Merger Arbitrage ETF^(a)	$	611,032

		EQUITY - 59.5%
	6,870	Financial Select Sector SPDR Fund^(c)		311,348
	10,335	First Trust Utilities AlphaDEX Fund		397,691
	3,060	Franklin LibertyQ US Mid Cap Equity ETF		170,442
	3,160	Health Care Select Sector SPDR Fund		486,703
	2,429	Invesco Dorsey Wright Financial Momentum ETF^(c)		134,445
	27,482	Invesco Dorsey Wright Utilities Momentum ETF		1,111,674
	6,331	Invesco KBW Property & Casualty ETF		731,547
	11,015	Invesco RAFI Strategic US ETF^(c)		554,055
	9,176	Invesco S&P 500 Quality ETF		617,270
	231	iShares Biotechnology ETF		33,634
	10,935	iShares Global Equity Factor ETF		489,548
	8,014	iShares Global Financials ETF		757,964
	8,177	iShares Global Healthcare ETF		802,654
	6,265	iShares Global Infrastructure ETF		341,004
	12,169	iShares Global Utilities ETF		860,863
	2,446	iShares Residential and Multisector Real Estate ETF^(c)		217,254
	10,472	iShares U.S. Healthcare ETF^(c)		680,680
	1,615	iShares U.S. Healthcare Providers ETF		92,233
	4,428	iShares U.S. Insurance ETF		571,433
	2,386	iShares U.S. Medical Devices ETF		141,299
	1,596	iShares US Utilities ETF		162,824
	34,870	ProShares DJ Brookfield Global Infrastructure ETF^(c)		1,763,055
	3,766	Real Estate Select Sector SPDR Fund		168,227
	13,042	Schwab Fundamental Emerging Markets Equity ETF		420,865
	18,909	Schwab U.S. REIT ETF^(c)		438,122
	7,843	Siren DIVCON Leaders Dividend ETF^(c)		543,356
	14,978	SPDR Dow Jones Global Real Estate ETF		711,904
	2,057	SPDR S&P Capital Markets ETF		256,878
	11,016	SPDR S&P Global Infrastructure ETF		679,577
	1,413	Utilities Select Sector SPDR Fund^(c)		114,142
	5,873	VanEck Vectors Pharmaceutical ETF^(c)		558,111

QUANTIFIED ALTERNATIVE INVESTMENT FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

September 30, 2024

Shares			Fair Value
		EXCHANGE-TRADED FUNDS — 62.6% (Continued)
		EQUITY - 59.5% (Continued)
	25,525	Vanguard Global ex-U.S. Real Estate ETF	$	1,197,378
	569	Vanguard Real Estate ETF^(c)		55,432
	1,138	Vanguard Utilities ETF^(c)		198,069
				16,771,681
		FIXED INCOME - 0.9%
	1,531	iShares Convertible Bond ETF		128,099
	1,764	SPDR Bloomberg Convertible Securities ETF		135,105
				263,204

		TOTAL EXCHANGE-TRADED FUNDS (Cost $17,168,362)		17,645,917

		OPEN-END FUNDS — 29.5%
		ALTERNATIVE - 24.3%
	71,968	AQR Alternative Risk Premia Fund, Class I		831,950
	162,747	AQR Equity Market Neutral Fund, Class I		1,607,941
	91,168	Boston Partners Global Long/Short Fund, Investor Class		1,392,135
	84,769	Campbell Systematic Macro Fund, Class I		838,365
	75,240	FS Multi-Strategy Alternatives Fund, Class I		851,717
	2,840	Meeder Spectrum Fund, Institutional Class^(b)		42,401
	114,596	Morningstar Alternatives Fund		1,219,301
	4,502	Redwood Systematic Macro Trend Smart Fund, Class I		85,268
				6,869,078
		FIXED INCOME - 4.4%
	39,269	PIMCO Credit Opportunities Bond Fund, Institutional Class		380,908
	47,286	Victory INCORE Investment Grade Convertible Fun, Class I		856,345
				1,237,253
		MIXED ALLOCATION - 0.8%
	15,180	Glenmede Secured Options Portfolio		226,030


		TOTAL OPEN-END FUNDS (Cost $8,282,738)		8,332,361

QUANTIFIED ALTERNATIVE INVESTMENT FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

September 30, 2024

Shares						Fair Value
		SHORT-TERM INVESTMENTS — 7.1%
		MONEY MARKET FUNDS - 7.1%
	1,003,457	Fidelity Government Portfolio, Class I, 4.84%^(b)				$	1,003,457
	1,003,457	First American Government Obligations Fund, Class Z, 4.79%^(b)					1,003,457
		TOTAL MONEY MARKET FUNDS (Cost $2,006,914)					2,006,914

		TOTAL SHORT-TERM INVESTMENTS (Cost $2,006,914)					2,006,914

Units
		COLLATERAL FOR SECURITIES LOANED — 10.6%
	2,982,703	Mount Vernon Liquid Assets Portfolio, LLC, 5.02%^(b),(d),(e)					2,982,703
		TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $2,982,703)					2,982,703

		TOTAL INVESTMENTS - 109.8% (Cost $30,440,717)				$	30,967,895
		LIABILITIES IN EXCESS OF OTHER ASSETS - (9.8)%					(2,763,935	)
		NET ASSETS - 100.0%				$	28,203,960

OPEN FUTURES CONTRACTS
Number of Contracts		Open Long Futures Contracts	Expiration	Notional Amount		Unrealized Appreciation
	3	CME E-Mini NASDAQ 100 Index Futures	12/23/2024	$	1,215,675	$	17,770
		TOTAL FUTURES CONTRACTS

OPEN FUTURES CONTRACTS
Number of Contracts		Open Short Futures Contracts	Expiration	Notional Amount		Unrealized Appreciation
	22	Ultra U.S. Treasury Bond Futures	12/20/2024	$	2,928,063	$	3,437
		TOTAL FUTURES CONTRACTS

ETF	- Exchange-Traded Fund

LLC	- Limited Liability Company

REIT	- Real Estate Investment Trust

SPDR	- Standard & Poor’s Depositary Receipt

^(a)	Non-income producing security.

^(b)	Rate disclosed is the seven-day effective yield as of September 30, 2024.

^(c)	All or portion of the security is on loan. Total loaned securities had a value of $2,931,897 at September 30, 2024.

^(d)	Security purchased with cash proceeds of securities lending collateral.

^(e)	Investment is valued using net asset value per share as a practical expedient.

QUANTIFIED STF FUND

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2024


Shares						Fair Value
		EXCHANGE-TRADED FUNDS — 0.1%
		EQUITY - 0.1%
	600	Invesco QQQ Trust Series 1				$	292,842

		TOTAL EXCHANGE-TRADED FUNDS (Cost $292,709)					292,842

		PRIVATE INVESTMENT FUNDS — 9.9%
		HEDGE FUND - 9.9%
	21,307	Galaxy Plus Fund LLC^(b)					21,147,187

		TOTAL PRIVATE INVESTMENT FUNDS (Cost $21,041,926)					21,147,187

Principal Amount ($)			Coupon Rate (%)		Maturity
		CERTIFICATE OF DEPOSIT — 3.3%
		BANKING - 3.3%
	1,000,000	Ally Bank		3.7500	09/27/27		999,283
	1,000,000	Axos Bank		3.8000	04/02/27		999,803
	1,000,000	Bellco Credit Union		5.1500	02/24/25		1,002,332
	1,000,000	Burke & Herbert Bank & Trust Company		4.6000	02/06/26		1,000,615
	1,000,000	ESSA Bank & Trust		3.7000	09/25/26		998,241
	1,000,000	Texas Exchange Bank SSB		3.6500	03/26/27		996,620
	1,000,000	Valley Strong Credit Union		5.1000	02/10/25		1,000,550
							6,997,444

		TOTAL CERTIFICATE OF DEPOSIT (Cost $7,000,000)					6,997,444

Shares
		SHORT-TERM INVESTMENTS — 76.4%
		MONEY MARKET FUNDS - 76.4%
	81,978,600	Fidelity Government Portfolio Class I, 4.84%^(a)					81,978,600
	81,978,600	First American Government Obligations Fund, Class Z, 4.79%^(a)					81,978,600
		TOTAL MONEY MARKET FUNDS (Cost $163,957,200)					163,957,200

		TOTAL SHORT-TERM INVESTMENTS (Cost $163,957,200)					163,957,200

QUANTIFIED STF FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

September 30, 2024

						Fair Value
		TOTAL INVESTMENTS - 89.7% (Cost $192,291,835)				$	192,394,673
		OTHER ASSETS IN EXCESS OF LIABILITIES- 10.3%					22,134,369
		NET ASSETS - 100.0%				$	214,529,042

OPEN FUTURES CONTRACTS
Number of Contracts		Open Long Futures Contracts	Expiration	Notional Amount		Unrealized Appreciation
	955	CME E-Mini NASDAQ 100 Index Futures	12/23/2024	$	386,989,875	$	11,042,412
		TOTAL FUTURES CONTRACTS

^(a)	Rate disclosed is the seven-day effective yield as of September 30, 2024.

^(b)	Investment valued using net asset value per share as practical expedient. The Galaxy Plus Fund provide access to the performance of the Galaxy Plus Fund - ProfitScore Regime – Adaptive Equity Feeder Fund (570) LLC (“GPPS”). GPPS effectuates its trading strategy through the Galaxy Plus Fund - ProfitScore Regime – Adaptive Equity Master Fund (570) LLC (“GPPSM”). The trading strategy of GPPSM is a highly liquid, systematic program trading S&P 500 E-Mini futures. Quantified STF Fund invests into the Feeder (GPPS) and then the Feeder invests in the Master (GPPSM). GPPS charges a 2.0% management fee and 0% incentive fee. The redemption frequency is daily, with one business day’s notice.

QUANTIFIED PATTERN RECOGNITION FUND

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2024

Principal Amount ($)			Coupon Rate (%)		Maturity	Fair Value
		CERTIFICATE OF DEPOSIT — 3.1%
		BANKING - 3.1%
	1,000,000	Valley Strong Credit Union		5.1000	02/10/25	$	1,000,551

		TOTAL CERTIFICATE OF DEPOSIT (Cost $1,000,000)					1,000,551

Shares
		SHORT-TERM INVESTMENTS — 93.0%
		MONEY MARKET FUNDS - 93.0%
	15,070,202	Fidelity Government Portfolio, Class I, 4.84%^(a)					15,070,202
	15,070,202	First American Government Obligations Fund, Class Z, 4.79%^(a)					15,070,202
		TOTAL MONEY MARKET FUNDS (Cost $30,140,404)					30,140,404

		TOTAL SHORT-TERM INVESTMENTS (Cost $30,140,404)					30,140,404

		TOTAL INVESTMENTS - 96.1% (Cost $31,140,404)				$	31,140,955
		OTHER ASSETS IN EXCESS OF LIABILITIES- 3.9%					1,262,688
		NET ASSETS - 100.0%				$	32,403,643

^(a)

Rate disclosed is the seven-day effective yield as of September 30, 2024.

QUANTIFIED TACTICAL FIXED INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2024

Principal Amount ($)			Coupon Rate (%)		Maturity		Fair Value
		CERTIFICATE OF DEPOSIT — 3.4%
		BANKING - 3.4%
	1,000,000	Bellco Credit Union		5.1500	02/24/25		$	1,002,332
	1,000,000	Valley Strong Credit Union		5.1000	02/10/25			1,000,550
								2,002,882

		TOTAL CERTIFICATE OF DEPOSIT (Cost $2,000,000)						2,002,882

Shares
		SHORT-TERM INVESTMENTS — 89.7%
		MONEY MARKET FUNDS - 89.7%
	26,221,476	Fidelity Government Portfolio Class I, 4.84%^(a)						26,221,476
	26,221,476	First American Government Obligations Fund, Class Z, 4.79%^(a)						26,221,476
		TOTAL MONEY MARKET FUNDS (Cost $52,442,952)						52,442,952

		TOTAL SHORT-TERM INVESTMENTS (Cost $52,442,952)						52,442,952

		TOTAL INVESTMENTS - 93.1% (Cost $54,442,952)					$	54,445,834
		OTHER ASSETS IN EXCESS OF LIABILITIES- 6.9%						4,032,201
		NET ASSETS - 100.0%					$	58,478,035

OPEN FUTURES CONTRACTS
Number of Contracts		Open Short Futures Contracts	Expiration		Notional Amount		Unrealized Appreciation
	29	Ultra U.S. Treasury Bond Futures	12/20/2024		$	3,859,719	$	4,528
		TOTAL FUTURES CONTRACTS

^(a)

Rate disclosed is the seven-day effective yield as of September 30, 2024.

TOTAL RETURN SWAPS

Number of
Shares

Reference Entity

Notional
Amount at
September 30,
2024

Interest Rate Payable ⁽¹⁾

Termination
Date

Counterparty

Unrealized
Appreciation

Long Position:

21,800

iShares iBoxx $ High Yield Corporate Bond ETF

1,750,540

USD SOFR plus 60 bp

10/24/2025

BRC

3,643

18,400

PIMCO 0-5 Year High Yield Corporate Bond Index ETF

1,757,200

USD SOFR plus 60 bp

10/24/2025

BRC

2,634

17,900

SPDR Bloomberg High Yield Bond ETF

1,750,441

USD SOFR plus 60 bp

10/24/2025

BRC

3,082

Total:

9,359

BRC	- Barclays Capital

SOFR	- Secured Overnight Financing Rate

⁽¹⁾

Interest rate is based upon predetermined notional amounts, which may be a multiple of the number of shares plus a specified spread.

QUANTIFIED EVOLUTION PLUS FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2024

Shares			Fair Value
		EXCHANGE-TRADED FUNDS — 3.2%
		COMMODITY - 0.9%
	1,000	SPDR Gold Shares^(a),(c)	$	243,060

		EQUITY – 2.3%
	700	Invesco QQQ Trust Series 1^(d)		341,649
	100	iShares U.S. Real Estate ETF		10,187
	400	SPDR S&P 500 ETF Trust		229,504
				581,340

		TOTAL EXCHANGE-TRADED FUNDS (Cost $824,163)		824,400

Principal
Amount ($)

Coupon Rate
(%)

Maturity

CERTIFICATE OF DEPOSIT — 3.9%

BANKING - 3.9%

1,000,000

Valley Strong Credit Union

5.1000

02/10/25

1,000,550

TOTAL CERTIFICATE OF DEPOSIT (Cost $1,000,000)

1,000,550

Shares
		SHORT-TERM INVESTMENTS — 85.7%
		MONEY MARKET FUNDS - 85.7%
	9,740,738	Fidelity Government Portfolio, Class I, 4.84%^(b)	9,740,738
	2,495,525	First American Government Obligations Fund, Class X, 4.82%^(b),(c)	2,495,525
	9,740,737	First American Government Obligations Fund, Class Z, 4.79%^(b)	9,740,737
		TOTAL MONEY MARKET FUNDS (Cost $21,977,000)	21,977,000

		TOTAL SHORT-TERM INVESTMENTS (Cost $21,977,000)	21,977,000

Units
		COLLATERAL FOR SECURITIES LOANED — 0.3%
	73,482	Mount Vernon Liquid Assets Portfolio, LLC, 5.02%^(b),(e),(f)	73,482

		TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $73,482)	73,482

QUANTIFIED EVOLUTION PLUS FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

September 30, 2024

	Fair Value
TOTAL INVESTMENTS - 93.1% (Cost $23,874,645)	$	23,875,432
OTHER ASSETS IN EXCESS OF LIABILITIES - 6.9%		1,766,900
NET ASSETS - 100.0%	$	25,642,332

OPEN FUTURES CONTRACTS
Number of Contracts		Open Long Futures Contracts	Expiration	Notional Amount		Unrealized Appreciation (Depreciation)
	8	CME E-Mini NASDAQ 100 Index Futures	12/23/2024	$	3,241,800	$	78,510
	59	CME E-Mini Standard & Poor’s 500 Index Futures	12/23/2024		17,152,038		309,408
	93	COMEX Gold 100 Troy Ounces Futures^(c)	12/30/2024		24,671,040		1,361,535
	130	Dow Jones US Real Estate Index Futures	12/23/2024		5,116,800		(45,090	)
		TOTAL FUTURES CONTRACTS				$	1,704,363

ETF	- Exchange-Traded Fund

SPDR	- Standard & Poor’s Depositary Receipt

^(a)

Non-income producing security.

^(b)

Rate disclosed is the seven-day effective yield as of September 30, 2024.

^(c)

All or a portion of this investment is a holding of the QEPF Fund Limited.

^(d)

All or portion of the security is on loan. Total loaned securities had a value of $72,234 at September 30, 2024.

^(e)

Security purchased with cash proceeds of securities lending collateral.

^(f)

Investment is valued using net asset value per share as a practical expedient.

QUANTIFIED COMMON GROUND FUND

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2024

Shares			Fair Value
		COMMON STOCKS — 97.1%
		AUTOMOTIVE - 3.6%
	11,055	Lear Corporation	$	1,206,653
	60,046	Visteon Corporation^(a)		5,718,781
				6,925,434
		BANKING - 1.5%
	102,270	Central Pacific Financial Corporation		3,017,988

		BIOTECH & PHARMA - 2.2%
	26,790	Jazz Pharmaceuticals plc^(a)		2,984,674
	18,531	Moderna, Inc.^(a),(c)		1,238,427
				4,223,101
		CHEMICALS - 2.9%
	132,633	Valvoline, Inc.^(a),(c)		5,550,691

		COMMERCIAL SUPPORT SERVICES - 0.5%
	49,240	Deluxe Corporation^(c)		959,688

		ELECTRIC UTILITIES - 16.2%
	68,183	NextEra Energy, Inc.		5,763,509
	47,410	NRG Energy, Inc.		4,319,051
	107,225	Public Service Enterprise Group, Inc.		9,565,542
	96,501	Southern Company^(c)		8,702,460
	24,039	Vistra Corporation		2,849,583
				31,200,145
		ELECTRICAL EQUIPMENT - 2.6%
	18,795	Littelfuse, Inc.		4,985,374

		HEALTH CARE FACILITIES & SERVICES - 13.1%
	39,867	DaVita, Inc.^(a),(c)		6,535,397
	30,776	Owens & Minor, Inc.^(a)		482,875
	666,060	Premier, Inc., Class A^(c)		13,321,200
	30,038	Tenet Healthcare Corporation^(a)		4,992,316
				25,331,788

QUANTIFIED COMMON GROUND FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

September 30, 2024

Shares			Fair Value
		COMMON STOCKS — 97.1% (Continued)
		HEALTH CARE REIT - 2.5%
	75,425	Ventas, Inc.^(c)	$	4,837,005

		HOME & OFFICE PRODUCTS - 0.6%
	149,209	Newell Brands, Inc.		1,145,925

		HOUSEHOLD PRODUCTS - 2.3%
	468,540	Coty, Inc., Class A^(a),(c)		4,399,591

		INDUSTRIAL INTERMEDIATE PROD - 2.4%
	11,709	Chart Industries, Inc.^(a),(c)		1,453,555
	107,036	Proto Labs, Inc.^(a)		3,143,648
				4,597,203
		INSTITUTIONAL FINANCIAL SERVICES - 1.4%
	9,430	Piper Sandler Company^(c)		2,676,328

		INSURANCE - 13.7%
	69,360	Arch Capital Group Ltd.^(a)		7,759,997
	84,396	Assured Guaranty Ltd.^(c)		6,711,170
	19,208	Jackson Financial, Inc., Class A		1,752,346
	34,746	Lincoln National Corporation		1,094,846
	26,461	Trupanion, Inc.^(a),(c)		1,110,833
	101,247	Voya Financial, Inc.		8,020,787
				26,449,979
		MULTI ASSET CLASS REIT - 1.1%
	51,756	Vornado Realty Trust		2,039,186

		OFFICE REIT – 5.8%
	261,387	Highwoods Properties, Inc.^(c)		8,759,078
	34,422	SL Green Realty Corporation^(c)		2,396,116
				11,155,194
		OIL & GAS PRODUCERS - 1.4%
	107,974	APA Corporation^(c)		2,641,044

QUANTIFIED COMMON GROUND FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

September 30, 2024

Shares			Fair Value
		COMMON STOCKS — 97.1% (Continued)
		OIL & GAS SERVICES & EQUIPMENT - 2.9%
	65,262	Weatherford International plc	$	5,542,049

		RETAIL - DISCRETIONARY - 1.9%
	162,700	American Eagle Outfitters, Inc.^(c)		3,642,853

		RETAIL REIT - 5.5%
	172,147	Acadia Realty Trust^(c)		4,042,012
	194,848	Tanger, Inc.		6,465,057
				10,507,069
		SEMICONDUCTORS – 3.0%
	15,631	Analog Devices, Inc.		3,597,787
	7,217	NVIDIA Corporation		876,433
	11,727	Qorvo, Inc.^(a)		1,211,399
				5,685,619
		SOFTWARE - 2.7%
	77,834	Donnelley Financial Solutions, Inc.^(a)		5,123,812

		SPECIALTY FINANCE - 4.1%
	37,277	Bread Financial Holdings, Inc.		1,773,640
	272,436	SLM Corporation		6,230,611
				8,004,251
		TECHNOLOGY HARDWARE - 1.9%
	68,595	Benchmark Electronics, Inc.		3,040,130
	1,617	Super Micro Computer, Inc.^(a),(c)		673,319
				3,713,449
		TRANSPORTATION & LOGISTICS - 0.8%
	12,715	Kirby Corporation^(a)		1,556,697

		TRANSPORTATION EQUIPMENT - 0.5%
	18,749	Greenbrier Companies, Inc.^(c)		954,137

		TOTAL COMMON STOCKS (Cost $180,917,432)		186,865,600

QUANTIFIED COMMON GROUND FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

September 30, 2024

Shares			Fair Value
		SHORT-TERM INVESTMENTS — 3.0%
		MONEY MARKET FUNDS - 3.0%
	2,889,658	Fidelity Government Portfolio, Class I, 4.84%^(b)	$	2,889,658
	2,889,659	First American Government Obligations Fund, Class Z, 4.79%^(b)		2,889,659
		TOTAL MONEY MARKET FUNDS (Cost $5,779,317)		5,779,317

		TOTAL SHORT-TERM INVESTMENTS (Cost $5,779,317)		5,779,317

Units
		COLLATERAL FOR SECURITIES LOANED — 21.9%
	42,252,352	Mount Vernon Liquid Assets Portfolio, LLC, 5.02%^(b),(d),(e)		42,252,352
		TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $42,252,352)		42,252,352


		TOTAL INVESTMENTS - 122.0% (Cost $228,949,101)	$	234,897,269
		LIABILITIES IN EXCESS OF OTHER ASSETS - (22.0)%		(42,381,715	)
		NET ASSETS - 100.0%	$	192,515,554

LLC	- Limited Liability Company

LTD	- Limited Company

PLC	- Public Limited Company

REIT	- Real Estate Investment Trust

^(a)

Non-income producing security.

^(b)

Rate disclosed is the seven-day effective yield as of September 30, 2024.

^(c)

All or portion of the security is on loan. Total loaned securities had a value of $41,478,962 at September 30, 2024.

^(d)

Security purchased with cash proceeds of securities lending collateral.

^(e)

Investment is valued using net asset value per share as a practical expedient.

QUANTIFIED TACTICAL SECTORS FUND

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2024

Shares			Fair Value
		EXCHANGE-TRADED FUNDS — 85.0%
		EQUITY - 85.0%
	41,485	SPDR S&P 500 ETF Trust	$	23,802,434
	51,846	Technology Select Sector SPDR Fund^(b)		11,704,753
	106,164	Vanguard Financials ETF^(b)		11,668,485
				47,175,672

		TOTAL EXCHANGE-TRADED FUNDS (Cost $44,950,390)		47,175,672

		SHORT-TERM INVESTMENTS — 11.2%
		MONEY MARKET FUNDS - 11.2%
	3,108,035	Fidelity Government Portfolio, Class I, 4.84%^(a)		3,108,035
	3,108,035	First American Government Obligations Fund, Class Z, 4.79%^(a)		3,108,035
		TOTAL MONEY MARKET FUNDS (Cost $6,216,070)		6,216,070

		TOTAL SHORT-TERM INVESTMENTS (Cost $6,216,070)		6,216,070

Units
		COLLATERAL FOR SECURITIES LOANED — 6.6%
	3,641,200	Mount Vernon Liquid Assets Portfolio, LLC, 5.02%^(a),(c),(d)		3,641,200
		TOTAL COLLATERAL FOR SECURITIES LOANED (Cost $3,641,200)		3,641,200

		TOTAL INVESTMENTS - 102.8% (Cost $54,807,660)	$	57,032,942
		LIABILITIES IN EXCESS OF OTHER ASSETS - (2.8)%		(1,537,998	)
		NET ASSETS - 100.0%	$	55,494,944

ETF	- Exchange-Traded Fund

LLC	- Limited Liability Company

SPDR	- Standard & Poor’s Depositary Receipt

^(a)

Rate disclosed is the seven-day effective yield as of September 30, 2024.

^(b)

All or portion of the security is on loan. Total loaned securities had a value of $3,575,631 at September 30, 2024.

^(c)

Security purchased with cash proceeds of securities lending collateral.

^(d)

Investment is valued using net asset value per share as a practical expedient.

QUANTIFIED TACTICAL SECTORS FUND

SCHEDULE OF INVESTMENTS (Unaudited)(Continued)

September 30, 2024

TOTAL RETURN SWAPS

Number of
Shares

Reference Entity

Notional
Amount at
September 30, 2024

Interest Rate Payable ⁽¹⁾

Termination
Date

Counterparty

Unrealized
Appreciation

Long Position:

38,110

SPDR S&P 500 ETF Trust

21,865,994

USD SOFR plus 60 bp

10/8/2025

BRC

1,262,218

47,600

Technology Select Sector SPDR Fund

10,746,176

USD SOFR plus 60 bp

10/23/2025

BRC

164,485

28,590

Vanguard Financials Index Fund ETF

3,142,327

USD SOFR plus 60 bp

9/19/2025

BRC

86,197

68,880

Vanguard Financials Index Fund ETF

7,570,601

USD SOFR plus 60 bp

9/8/2025

BRC

495,332

Total:

2,008,232

BRC - Barclays Capital

SOFR - Secured Overnight Financing Rate

⁽¹⁾

Interest rate is based upon predetermined notional amounts, which may be a multiple of the number of shares plus a specified spread.

QUANTIFIED RISING DIVIDEND TACTICAL FUND

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2024

Shares			Fair Value
		EXCHANGE-TRADED FUNDS — 84.5%
		EQUITY – 84.5%
	12,233	Invesco QQQ Trust Series 1	$	5,970,560
	44,316	Invesco S&P 500 Equal Weight ETF		7,939,655
	110,831	Invesco S&P 500 Low Volatility ETF		7,949,908
	49,850	Vanguard Dividend Appreciation ETF		9,873,291
	89,533	Vanguard International Dividend Appreciation ETF	$	7,903,973
				39,637,387

		TOTAL EXCHANGE-TRADED FUNDS (Cost $36,023,713)		39,637,387

		SHORT-TERM INVESTMENTS — 15.3%
		MONEY MARKET FUNDS - 15.3%
	3,584,702	Fidelity Government Portfolio, Class I, 4.84%^(a)		3,584,702
	3,584,703	First American Government Obligations Fund, Class Z, 4.79%^(a)		3,584,703
		TOTAL MONEY MARKET FUNDS (Cost $7,169,405)		7,169,405

		TOTAL SHORT-TERM INVESTMENTS (Cost $7,169,405)		7,169,405

		TOTAL INVESTMENTS - 99.8% (Cost $43,193,118)	$	46,806,792
		OTHER ASSETS IN EXCESS OF LIABILITIES - 0.2%		105,920
		NET ASSETS - 100.0%	$	46,912,712

ETF	- Exchange-Traded Fund

^(a)

Rate disclosed is the seven-day effective yield as of September 30, 2024.

QUANTIFIED RISING DIVIDEND TACTICAL FUND

SCHEDULE OF INVESTMENTS (Unaudited)(Continued)

September 30, 2024

TOTAL RETURN SWAPS

Number of Shares		Reference Entity	Notional Amount at September 30, 2024		Interest Rate Payable ⁽¹⁾	Termination Date	Counterparty	Unrealized Appreciation/ (Depreciation)
Long Position:
	60	Invesco QQQ Trust Series 1	$	29,284	USD SOFR plus 60 bp	05-12-24	BRC	$	7,954
	100	Invesco QQQ Trust Series 1		48,807	USD SOFR plus 60 bp	18-12-24	BRC		8,608
	450	Invesco QQQ Trust Series 1		219,632	USD SOFR plus 60 bp	16-01-25	BRC		31,369
	300	Invesco QQQ Trust Series 1		146,421	USD SOFR plus 60 bp	09-01-25	BRC		24,702
	120	Invesco QQQ Trust Series 1		58,568	USD SOFR plus 60 bp	30-04-25	BRC		3,791
	80	Invesco QQQ Trust Series 1		39,046	USD SOFR plus 60 bp	03-07-25	BRC		1,383
	90	Invesco QQQ Trust Series 1		43,926	USD SOFR plus 60 bp	11-08-25	BRC		(937	)
	140	Invesco QQQ Trust Series 1		68,330	USD SOFR plus 60 bp	29-09-25	BRC		2,150
	120	Invesco QQQ Trust Series 1		58,569	USD SOFR plus 60 bp	17-10-25	BRC		422
	420	Invesco QQQ Trust Series 1		204,989	USD SOFR plus 60 bp	03-10-25	BRC		11,152
	2,200	Invesco S&P 500 Equal Weight ETF		394,152	USD SOFR plus 60 bp	05-12-24	BRC		190,204
	7,120	Invesco S&P 500 Equal Weight ETF		1,275,619	USD SOFR plus 60 bp	18-12-24	BRC		211,401
	14,090	Invesco S&P 500 Equal Weight ETF		2,524,365	USD SOFR plus 60 bp	09-01-25	BRC		346,489
	22,340	Invesco S&P 500 Equal Weight ETF		4,002,435	USD SOFR plus 60 bp	16-01-25	BRC		384,798
	4,440	Invesco S&P 500 Equal Weight ETF		795,470	USD SOFR plus 60 bp	30-04-25	BRC		25,891
	10,590	Invesco S&P 500 Equal Weight ETF		1,897,304	USD SOFR plus 60 bp	03-07-25	BRC		130,275
	10,860	Invesco S&P 500 Equal Weight ETF		1,945,678	USD SOFR plus 60 bp	11-08-25	BRC		113,509
	5,390	Invesco S&P 500 Equal Weight ETF		965,672	USD SOFR plus 60 bp	29-09-25	BRC		21,903
	23,870	Invesco S&P 500 Equal Weight ETF		4,276,549	USD SOFR plus 60 bp	03-10-25	BRC		163,871
	8,220	Invesco S&P 500 Equal Weight ETF		1,472,695	USD SOFR plus 60 bp	17-10-25	BRC		11,973
	580	Invesco S&P 500 Low Volatility ETF		41,603	USD SOFR plus 60 bp	18-12-24	BRC		6,242
	2,440	Invesco S&P 500 Low Volatility ETF		175,021	USD SOFR plus 60 bp	09-01-25	BRC		20,331
	4,220	Invesco S&P 500 Low Volatility ETF		302,701	USD SOFR plus 60 bp	16-01-25	BRC		31,803
	610	Invesco S&P 500 Low Volatility ETF		43,755	USD SOFR plus 60 bp	30-04-25	BRC		2,721
	1,460	Invesco S&P 500 Low Volatility ETF		104,726	USD SOFR plus 60 bp	03-07-25	BRC		8,069
	1,810	Invesco S&P 500 Low Volatility ETF		129,831	USD SOFR plus 60 bp	11-08-25	BRC		9,560
	810	Invesco S&P 500 Low Volatility ETF		58,101	USD SOFR plus 60 bp	29-09-25	BRC		665
	3,450	Invesco S&P 500 Low Volatility ETF		247,469	USD SOFR plus 60 bp	03-10-25	BRC		2,739
	1,700	Invesco S&P 500 Low Volatility ETF		121,941	USD SOFR plus 60 bp	17-10-25	BRC		902
	430	Vanguard Dividend Appreciation ETF		85,166	USD SOFR plus 60 bp	18-12-24	BRC		13,756
	1,110	Vanguard Dividend Appreciation ETF		219,847	USD SOFR plus 60 bp	09-01-25	BRC		31,836
	1,790	Vanguard Dividend Appreciation ETF		354,528	USD SOFR plus 60 bp	16-01-25	BRC		42,327
	360	Vanguard Dividend Appreciation ETF		71,302	USD SOFR plus 60 bp	30-04-25	BRC		4,126
	620	Vanguard Dividend Appreciation ETF		122,797	USD SOFR plus 60 bp	03-07-25	BRC		9,163
	690	Vanguard Dividend Appreciation ETF		136,661	USD SOFR plus 60 bp	11-08-25	BRC		7,288
	390	Vanguard Dividend Appreciation ETF		77,243	USD SOFR plus 60 bp	29-09-25	BRC		1,232
	1,650	Vanguard Dividend Appreciation ETF		326,799	USD SOFR plus 60 bp	03-10-25	BRC		9,292
	620	Vanguard Dividend Appreciation ETF		122,797	USD SOFR plus 60 bp	17-10-25	BRC		364
	710	Vanguard International Dividend Appreciation ETF		62,679	USD SOFR plus 60 bp	18-12-24	BRC		9,386
	1,880	Vanguard International Dividend Appreciation ETF		165,966	USD SOFR plus 60 bp	09-01-25	BRC		20,428
	3,140	Vanguard International Dividend Appreciation ETF		277,199	USD SOFR plus 60 bp	16-01-25	BRC		27,106
	1,010	Vanguard International Dividend Appreciation ETF		89,163	USD SOFR plus 60 bp	30-04-25	BRC		5,192
	970	Vanguard International Dividend Appreciation ETF		85,632	USD SOFR plus 60 bp	03-07-25	BRC		4,899
	1,320	Vanguard International Dividend Appreciation ETF		116,529	USD SOFR plus 60 bp	11-08-25	BRC		4,901
	550	Vanguard International Dividend Appreciation ETF		48,554	USD SOFR plus 60 bp	29-09-25	BRC		92
	3,010	Vanguard International Dividend Appreciation ETF		265,723	USD SOFR plus 60 bp	03-10-25	BRC		5,828
	1,200	Vanguard International Dividend Appreciation ETF		105,936	USD SOFR plus 60 bp	17-10-25	BRC		398

							Total:	$	1,971,554

BRC - Barclays Capital

SOFR - Secured Overnight Financing Rate

⁽¹⁾

Interest rate is based upon predetermined notional amounts, which may be a multiple of the number of shares plus a specified spread.

QUANTIFIED GOVERNMENT INCOME TACTICAL FUND

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2024

Shares			Fair Value
		EXCHANGE-TRADED FUNDS — 0.1%
		FIXED INCOME - 0.1%
	300	iShares 20+ Year Treasury Bond ETF	$	29,430

		TOTAL EXCHANGE-TRADED FUNDS (Cost $29,351)		29,430

Principal
Amount ($)

Coupon Rate
(%)

Maturity

CERTIFICATE OF DEPOSIT — 2.6%

BANKING - 2.6%

1,000,000

Valley Strong Credit Union

5.1000

02/10/25

1,000,550

TOTAL CERTIFICATE OF DEPOSIT (Cost $1,000,000)

1,000,550

Shares
		SHORT-TERM INVESTMENTS — 94.6%
		MONEY MARKET FUNDS - 94.6%
	18,259,246	Fidelity Government Portfolio, Class I, 4.84%^(a)		18,259,246
	18,259,247	First American Government Obligations Fund, Class Z, 4.79%^(a)		18,259,247
		TOTAL MONEY MARKET FUNDS (Cost $36,518,493)		36,518,493

		TOTAL SHORT-TERM INVESTMENTS (Cost $36,518,493)		36,518,493

		TOTAL INVESTMENTS - 97.3% (Cost $37,547,844)	$	37,548,473
		OTHER ASSETS IN EXCESS OF LIABILITIES - 2.7%		1,027,352
		NET ASSETS - 100.0%	$	38,575,825

OPEN FUTURES CONTRACTS

Number of
Contracts

Open Short Futures Contracts

Expiration

Notional
Amount

Unrealized
Appreciation

Ultra U.S. Treasury Bond Futures

12/20/2024

8,518,000

9,002

TOTAL FUTURES CONTRACTS

ETF	- Exchange-Traded Fund

^(a)

Rate disclosed is the seven-day effective yield as of September 30, 2024.

QUANTIFIED GLOBAL FUND

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2024

Shares			Fair Value
		COMMON STOCKS — 57.5%
		AUTOMOTIVE - 0.7%
	1,484	Honda Motor Company Ltd. - ADR	$	47,087
	237	Toyota Motor Corporation - ADR		42,321
				89,408
		BANKING - 2.3%
	1,702	HDFC Bank Ltd. - ADR		106,477
	3,393	HSBC Holdings plc - ADR		153,330
	14,584	Lloyds Banking Group plc - ADR		45,502
				305,309
		BEVERAGES - 3.7%
	24,124	Embotelladora Andina S.A., Class B - ADR		483,686

		BIOTECH & PHARMA - 6.4%
	2,022	Calliditas Therapeutics A.B. - ADR^(a)		82,503
	4,555	Centessa Pharmaceuticals plc - ADR^(a)		72,834
	11,699	GSK plc - ADR		478,255
	18,188	Mereo Biopharma Group plc - ADR^(a)		74,753
	6,403	Mesoblast Ltd. - ADR^(a)		52,312
	2,558	Verona Pharma plc - ADR^(a)		73,594
				834,251
		CONSUMER SERVICES - 0.5%
	948	New Oriental Education & Technology Group, Inc. - ADR		71,896

		E-COMMERCE DISCRETIONARY - 1.4%
	948	Alibaba Group Holding Ltd. - ADR		100,601
	654	PDD Holdings, Inc. - ADR^(a)		88,166
				188,767
		HOUSEHOLD PRODUCTS - 12.8%
	95,362	Haleon plc - ADR		1,008,930
	10,131	Unilever plc - ADR		658,110
				1,667,040
		METALS & MINING - 6.5%
	6,200	Rio Tinto plc - ADR		441,254
	34,394	Vale S.A. - ADR		401,722
				842,976

QUANTIFIED GLOBAL FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

September 30, 2024

Shares			Fair Value
		COMMON STOCKS — 57.5% (Continued)
		OIL & GAS PRODUCERS - 5.7%
	6,820	Equinor ASA - ADR	$	172,751
	19,839	Petroleo Brasileiro S.A. - ADR		285,880
	4,332	Shell PLC - ADR		285,695
				744,326
		PUBLISHING & BROADCASTING - 2.2%
	21,174	Pearson plc - ADR		287,331

		SEMICONDUCTORS - 0.6%
	443	Taiwan Semiconductor Manufacturing Company Ltd. - ADR		76,936

		SOFTWARE - 0.4%
	10,166	Yalla Group Ltd. - ADR^(a)		46,154

		SPECIALTY FINANCE - 0.2%
	9,077	Lufax Holding Ltd. - ADR		31,679

		TECHNOLOGY SERVICES - 1.9%
	5,163	RELX plc - ADR		245,036

		TELECOMMUNICATIONS - 5.2%
	6,813	Chunghwa Telecom Company Ltd. - ADR		270,272
	83,858	Telefonica S.A. - ADR		407,550
				677,822
		TOBACCO & CANNABIS - 3.7%
	13,024	British American Tobacco plc - ADR		476,418

		TRANSPORTATION & LOGISTICS - 3.3%
	17,214	ZTO Express Cayman, Inc. - ADR		426,391

		TOTAL COMMON STOCKS (Cost $7,142,204)		7,495,426

QUANTIFIED GLOBAL FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

September 30, 2024

Shares			Fair Value
		EXCHANGE-TRADED FUNDS — 29.7%
		EQUITY - 29.7%
	1,944	Invesco QQQ Trust Series 1	$	948,808
	5,094	SPDR S&P 500 ETF Trust		2,922,733
				3,871,541

		TOTAL EXCHANGE-TRADED FUNDS (Cost $3,674,079)		3,871,541

Shares
		SHORT-TERM INVESTMENTS — 12.1%
		MONEY MARKET FUNDS - 12.1%
	787,371	Fidelity Government Portfolio, Class I, 4.84%^(b)		787,371
	787,372	First American Government Obligations Fund, Class Z, 4.79%^(b)		787,372
		TOTAL MONEY MARKET FUNDS (Cost $1,574,743)		1,574,743

		TOTAL SHORT-TERM INVESTMENTS (Cost $1,574,743)		1,574,743

		TOTAL INVESTMENTS - 99.3% (Cost $12,391,026)	$	12,941,710
		OTHER ASSETS IN EXCESS OF LIABILITIES - 0.7%		87,832
		NET ASSETS - 100.0%	$	13,029,542

ADR	- American Depositary Receipt

ETF	- Exchange-Traded Fund

LTD	- Limited Company

PLC	- Public Limited Company

S/A	- Société Anonyme

SPDR	- Standard & Poor’s Depositary Receipt

^(a)

Non-income producing security.

^(b)

Rate disclosed is the seven-day effective yield as of September 30, 2024.

Advisors Preferred Trust NPORT-PQuantified Tactical Fixed Income Fund (Sep 2024 report)