Schedule of Investments
March 31, 2024 (unaudited)
Quantex Fund
| Security Description | | Shares or Principal Amount ($) | | | Fair Value ($)(@) | |
| | | | | | | |
| Common Stocks (United States) - 52.2% | | | | | | | | |
| | | | | | | | | |
| Communication Services - 6.6% | | | | | | | | |
| ALPHABET INC (A) (1) | | | 5,691 | | | | 858,943 | |
| AT&T INC | | | 3,768 | | | | 66,317 | |
| CHARTER COMMUNICATIONS INC CL A (1) | | | 65 | | | | 18,891 | |
| COMCAST CORP NEW CL A | | | 2,055 | | | | 89,084 | |
| ELECTRONIC ARTS INC | | | 160 | | | | 21,227 | |
| FOX CORPORATION CLASS A | | | 2,115 | | | | 66,136 | |
| FOX CORPORATION CLASS B | | | 1,577 | | | | 45,134 | |
| INTERPUBLIC GROUP OF COS INC | | | 1,270 | | | | 41,440 | |
| LIVE NATION ENTERTAINMENT INC (1) | | | 145 | | | | 15,337 | |
| MATCH GROUP INC (1) | | | 1,354 | | | | 49,123 | |
| META PLATFORMS INC | | | 1,122 | | | | 544,821 | |
| NETFLIX INC (1) | | | 205 | | | | 124,503 | |
| NEWS CORPORATION | | | 2,243 | | | | 58,722 | |
| NEWS CORPORATION (B) | | | 2,046 | | | | 55,365 | |
| PARAMOUNT GLOBAL | | | 338 | | | | 7,379 | |
| PINTEREST INC (1) | | | 385 | | | | 13,348 | |
| ROBLOX CORPORATION (1) | | | 316 | | | | 12,065 | |
| ROKU INC. (A) (1) | | | 94 | | | | 6,126 | |
| SPOTIFY TECHNOLOGY S A (1) | | | 82 | | | | 21,640 | |
| TAKE TWO INTERACTIVE SOFTWARE (1) | | | 111 | | | | 16,482 | |
| T-MOBILE US INC | | | 241 | | | | 39,336 | |
| TRADE DESK, INC. (THE) (1) | | | 262 | | | | 22,904 | |
| VERIZON COMMUNICATIONS INC | | | 2,072 | | | | 86,941 | |
| WALT DISNEY CO (THE) | | | 939 | | | | 114,896 | |
| WARNER BROS. DISCOVERY, INC. (1) | | | 1,757 | | | | 15,339 | |
| | | | | | | | | |
| | | | | | | | 2,411,499 | |
| | | | | | | | | |
| Consumer Discretionary - 10.3% | | | | | | | | |
| AIRBNB INC (1) | | | 216 | | | | 35,631 | |
| AMAZON.COM INC (1) | | | 4,734 | | | | 853,919 | |
| APTIV PLC (1) | | | 181 | | | | 14,417 | |
| AUTOZONE INC (NEV) (1) | | | 10 | | | | 31,517 | |
| BATH & BODY WORKS INC | | | 1,614 | | | | 80,732 | |
| BEST BUY CO INC | | | 135 | | | | 11,074 | |
| BOOKING HOLDINGS INC | | | 18 | | | | 65,302 | |
| BORG WARNER INC | | | 1,200 | | | | 41,688 | |
| BRUNSWICK CORP | | | 156 | | | | 15,057 | |
| BURLINGTON STORES INC (1) | | | 33 | | | | 7,662 | |
| CAESARS ENTERTAINMENT INC (1) | | | 1,120 | | | | 48,989 | |
| CARMAX INC (1) | | | 1,037 | | | | 90,333 | |
| CARNIVAL CORP NEW (1) | | | 440 | | | | 7,190 | |
| CARVANA CO (1) | | | 61 | | | | 5,363 | |
| CATO CORP (THE) NEW | | | 1,089 | | | | 6,284 | |
| CHIPOTLE MEXICAN GRILL INC (1) | | | 12 | | | | 34,881 | |
| COUPANG INC (1) | | | 703 | | | | 12,506 | |
| CROCS INCORPORATED (1) | | | 58 | | | | 8,340 | |
| DANA INCORPORATED | | | 938 | | | | 11,913 | |
| DECKERS OUTDOOR CORP (1) | | | 12 | | | | 11,295 | |
| DOMINO'S PIZZA INC | | | 205 | | | | 101,860 | |
| DOORDASH INC (1) | | | 161 | | | | 22,173 | |
| DR HORTON INC | | | 184 | | | | 30,277 | |
| DRAFTKINGS INC (1) | | | 250 | | | | 11,353 | |
| DUOLINGO, INC. (1) | | | 24 | | | | 5,294 | |
| EBAY INC | | | 286 | | | | 15,095 | |
| EL POLLO LOCO HOLDINGS INC (1) | | | 1,178 | | | | 11,474 | |
| ETSY INC (1) | | | 1,276 | | | | 87,687 | |
| EXPEDIA GROUP INC (1) | | | 54 | | | | 7,439 | |
| FIVE BELOW INC (1) | | | 35 | | | | 6,348 | |
| FLOOR & DECOR HOLDINGS INC (1) | | | 85 | | | | 11,018 | |
| FORD MOTOR COMPANY | | | 2,016 | | | | 26,772 | |
| GARMIN LIMITED | | | 76 | | | | 11,314 | |
| GENERAL MOTORS COMPANY | | | 718 | | | | 32,561 | |
| GENUINE PARTS CO | | | 122 | | | | 18,901 | |
| HASBRO INC | | | 1,106 | | | | 62,511 | |
| HILTON WORLDWIDE HOLDINGS INC | | | 140 | | | | 29,863 | |
| HOME DEPOT INC | | | 478 | | | | 183,361 | |
| LAS VEGAS SANDS CORP | | | 277 | | | | 14,321 | |
| LEAR CORPORATION | | | 154 | | | | 22,312 | |
| LENNAR CORP | | | 217 | | | | 37,320 | |
| LIBERTY MEDIA (A) LIBERTY FORMULA ONE | | | 199 | | | | 11,689 | |
| LITHIA MOTORS INC | | | 39 | | | | 11,734 | |
| LKQ CORPORATION | | | 1,240 | | | | 66,228 | |
| LOWES COMPANIES INC | | | 281 | | | | 71,579 | |
| LULULEMON ATHLETICA INC (1) | | | 62 | | | | 24,220 | |
| MARRIOTT INTERNATIONAL INC | | | 130 | | | | 32,800 | |
| MCDONALDS CORP | | | 347 | | | | 97,837 | |
| MGM RESORTS INTERNATIONAL (1) | | | 1,712 | | | | 80,824 | |
| MOHAWK INDS INC (1) | | | 700 | | | | 91,623 | |
| NIKE INC | | | 675 | | | | 63,437 | |
| NORWEGIAN CRUISE LINE HOLDINGS LTD (1) | | | 3,576 | | | | 74,846 | |
| O'REILLY AUTOMOTIVE INC (1) | | | 34 | | | | 38,382 | |
| POOL CORPORATION | | | 193 | | | | 77,876 | |
| PULTEGROUP INC | | | 220 | | | | 26,536 | |
| RALPH LAUREN CORP | | | 521 | | | | 97,823 | |
| RIVIAN AUTOMOTIVE INC (1) | | | 498 | | | | 5,453 | |
| ROSS STORES INC | | | 197 | | | | 28,912 | |
| ROYAL CARIBBEAN GROUP (1) | | | 155 | | | | 21,547 | |
| SERVICE CORP INTL | | | 217 | | | | 16,104 | |
| STARBUCKS CORP | | | 625 | | | | 57,119 | |
| TAPESTRY INC | | | 2,155 | | | | 102,319 | |
| TESLA INC (1) | | | 1,406 | | | | 247,161 | |
| TJX COMPANIES INC | | | 522 | | | | 52,941 | |
| TOPBUILD CORP (1) | | | 36 | | | | 15,866 | |
| TRACTOR SUPPLY CO | | | 89 | | | | 23,293 | |
| TRI POINTE HOMES INC (1) | | | 670 | | | | 25,902 | |
| Ulta Beauty, Inc. (1) | | | 31 | | | | 16,209 | |
| WAYFAIR INC (1) | | | 91 | | | | 6,177 | |
| WHIRLPOOL CORP | | | 295 | | | | 35,291 | |
| WILLIAMS SONOMA INC | | | 48 | | | | 15,241 | |
| WYNN RESORTS LTD | | | 580 | | | | 59,293 | |
| YUM BRANDS INC | | | 188 | | | | 26,066 | |
| | | | | | | | | |
| | | | | | | | 3,765,675 | |
| | | | | | | | | |
| Consumer Staples - 1.8% | | | | | | | | |
| ALTRIA GROUP INC | | | 258 | | | | 11,254 | |
| ARCHER DANIELS MIDLAND CO | | | 102 | | | | 6,407 | |
| CAMPBELL SOUP CO | | | 1,260 | | | | 56,007 | |
| CELSIUS HOLDINGS INC (1) | | | 28 | | | | 2,322 | |
| CHURCH & DWIGHT INC | | | 60 | | | | 6,259 | |
| CLOROX COMPANY | | | 28 | | | | 4,287 | |
| COCA COLA CO | | | 616 | | | | 37,687 | |
| COLGATE PALMOLIVE CO | | | 144 | | | | 12,967 | |
| CONSTELLATION BRANDS INC | | | 39 | | | | 10,599 | |
| COSTCO WHOLESALE CORP | | | 73 | | | | 53,482 | |
| DOLLAR GENERAL CORP NEW | | | 23 | | | | 3,589 | |
| DOLLAR TREE INC (1) | | | 25 | | | | 3,329 | |
| E.L.F. BEAUTY INC (1) | | | 13 | | | | 2,548 | |
| ESTEE LAUDER COMPANIES INC | | | 43 | | | | 6,628 | |
| GENERAL MILLS INC | | | 143 | | | | 10,006 | |
| HERSHEY COMPANY (THE) | | | 19 | | | | 3,696 | |
| J M SMUCKER COMPANY | | | 332 | | | | 41,789 | |
| KENVUE INC | | | 353 | | | | 7,575 | |
| KEURIG DR PEPPER INC | | | 208 | | | | 6,379 | |
| KIMBERLY CLARK CORP | | | 69 | | | | 8,925 | |
| KROGER CO | | | 66 | | | | 3,771 | |
| LAMB WESTON HOLDINGS INC | | | 523 | | | | 55,715 | |
| MCCORMICK & CO INC | | | 75 | | | | 5,761 | |
| MOLSON COORS BEVERAGE COMPANY | | | 825 | | | | 55,481 | |
| MONDELEZ INTERNATIONAL INC (A) | | | 254 | | | | 17,780 | |
| MONSTER BEVERAGE CORPORATION (1) | | | 154 | | | | 9,129 | |
| PEPSICO INC | | | 198 | | | | 34,652 | |
| PERFORMANCE FOOD GROUP CO (1) | | | 60 | | | | 4,478 | |
| PHILIP MORRIS INTL INC | | | 281 | | | | 25,745 | |
| PROCTER & GAMBLE CO | | | 340 | | | | 55,165 | |
| SYSCO CORP | | | 97 | | | | 7,874 | |
| TARGET CORPORATION | | | 82 | | | | 14,531 | |
| THE KRAFT HEINZ COMPANY | | | 104 | | | | 3,838 | |
| TYSON FOODS INC | | | 78 | | | | 4,581 | |
| WALGREEN BOOTS ALLIANCE INC | | | 167 | | | | 3,622 | |
| WALMART INC | | | 658 | | | | 39,592 | |
| | | | | | | | | |
| | | | | | | | 637,450 | |
| | | | | | | | | |
| Energy - 0.4% | | | | | | | | |
| APA CORPORATION | | | 1,749 | | | | 60,131 | |
| MARATHON OIL CORP | | | 2,504 | | | | 70,963 | |
| | | | | | | | | |
| | | | | | | | 131,094 | |
| | | | | | | | | |
| Financials - 6.2% | | | | | | | | |
| AFLAC INCORPORATED | | | 131 | | | | 11,248 | |
| ALLSTATE CORPORATION | | | 69 | | | | 11,938 | |
| AMERICAN EXPRESS CO | | | 129 | | | | 29,372 | |
| AMERICAN INTL GROUP NEW | | | 193 | | | | 15,087 | |
| AMERIPRISE FINANCIAL, INC | | | 26 | | | | 11,399 | |
| AON PLC (IRELAND) | | | 46 | | | | 15,351 | |
| APOLLO GLOBAL MANAGEMENT INC | | | 130 | | | | 14,619 | |
| ARCH CAPITAL GROUP LTD (1) | | | 125 | | | | 11,555 | |
| ARES MANAGEMENT CORPORATION | | | 57 | | | | 7,580 | |
| ARTHUR J GALLAGHER & CO | | | 58 | | | | 14,502 | |
| ASSURANT INC | | | 371 | | | | 69,837 | |
| BANK OF AMERICA CORP NEW | | | 1,402 | | | | 53,164 | |
| BANK OF NEW YORK MELLON CORP | | | 240 | | | | 13,829 | |
| Berkshire Hathaway Class B (1) | | | 437 | | | | 183,767 | |
| BLACKROCK INC | | | 35 | | | | 29,180 | |
| BLACKSTONE INC | | | 170 | | | | 22,333 | |
| BLOCK INC (1) | | | 90 | | | | 7,612 | |
| BROWN & BROWN INC | | | 84 | | | | 7,353 | |
| CAPITAL ONE FINL CORP | | | 79 | | | | 11,762 | |
| CHARLES SCHWAB CORP | | | 382 | | | | 27,634 | |
| CHUBB LIMITED | | | 87 | | | | 22,544 | |
| CITIGROUP INC | | | 435 | | | | 27,509 | |
| CITIZENS FINANCIAL GROUP INC | | | 2,324 | | | | 84,338 | |
| CME GROUP INC | | | 95 | | | | 20,453 | |
| COINBASE GLOBAL INC (1) | | | 45 | | | | 11,930 | |
| COMERICA INC | | | 640 | | | | 35,194 | |
| CORPAY, INC (1) | | | 13 | | | | 4,011 | |
| DISCOVER FINANCIAL SERVICES | | | 30 | | | | 3,933 | |
| DYNEX CAPITAL INC | | | 571 | | | | 7,109 | |
| ESSENT GROUP LTD | | | 132 | | | | 7,855 | |
| EVERCORE INC | | | 37 | | | | 7,126 | |
| EVEREST GROUP LTD | | | 10 | | | | 3,975 | |
| FACTSET RESEARCH SYSTEMS INC | | | 17 | | | | 7,725 | |
| FIDELITY NATIONAL FINANCIAL INC | | | 72 | | | | 3,823 | |
| FIDELITY NATL INFORMATION SERV | | | 155 | | | | 11,498 | |
| FIFTH THIRD BANCORP | | | 197 | | | | 7,330 | |
| FIRST COMWLTH FINL CORP PA | | | 529 | | | | 7,364 | |
| FISERV INC (1) | | | 143 | | | | 22,854 | |
| FRANKLIN RESOURCES INC | | | 1,381 | | | | 38,820 | |
| GLOBAL PAYMENT INC | | | 95 | | | | 12,698 | |
| GLOBE LIFE INC | | | 298 | | | | 34,678 | |
| GOLDMAN SACHS GROUP INC | | | 73 | | | | 30,491 | |
| INTERCONTINENTAL EXCHANGE INC | | | 129 | | | | 17,728 | |
| JACK HENRY & ASSOC INC | | | 323 | | | | 56,115 | |
| JPMORGAN CHASE & CO | | | 645 | | | | 129,194 | |
| KEYCORP | | | 4,214 | | | | 66,623 | |
| KINSALE CAPITAL GROUP INC | | | 7 | | | | 3,673 | |
| KKR & CO INC | | | 185 | | | | 18,607 | |
| LINCOLN NATL CORP IND | | | 7,074 | | | | 225,873 | |
| LOEWS CORPORATION | | | 977 | | | | 76,489 | |
| LPL FINANCIAL HOLDINGS INC | | | 26 | | | | 6,869 | |
| M & T BANK CORP | | | 68 | | | | 9,890 | |
| MARSH & MCLENNAN COS INC | | | 124 | | | | 25,542 | |
| MASTERCARD INCORPORATED | | | 191 | | | | 91,980 | |
| METLIFE INC | | | 150 | | | | 11,117 | |
| MIDLAND STATES BANCORP, INC. | | | 538 | | | | 13,520 | |
| MOODY'S CORPORATION | | | 46 | | | | 18,079 | |
| MORGAN STANLEY | | | 313 | | | | 29,472 | |
| MSCI INC | | | 23 | | | | 12,890 | |
| NU HOLDINGS LTD (1) | | | 644 | | | | 7,683 | |
| PAYPAL HOLDINGS INC (1) | | | 305 | | | | 20,432 | |
| PNC FINANCIAL SVCS GROUP INC | | | 112 | | | | 18,099 | |
| PROGRESSIVE CORP OH | | | 150 | | | | 31,023 | |
| PRUDENTIAL FINANCIAL INC | | | 122 | | | | 14,323 | |
| RAYMOND JAMES FINANCIAL INC | | | 82 | | | | 10,530 | |
| REGIONS FINANCIAL CORP NEW | | | 453 | | | | 9,531 | |
| ROBINHOOD MARKETS INC (1) | | | 229 | | | | 4,610 | |
| S&P GLOBAL INC | | | 76 | | | | 32,334 | |
| S&T BANCORP INC | | | 360 | | | | 11,549 | |
| SIGNATURE BANK NY | | | 1,708 | | | | 3,928 | |
| SMARTFINANCIAL INC | | | 457 | | | | 9,629 | |
| SOFI TECHNOLOGIES INC (1) | | | 421 | | | | 3,073 | |
| SOUTHSTATE CORPORATION | | | 130 | | | | 11,054 | |
| SVB FINANCIAL GROUP (1) | | | 798 | | | | 40 | |
| SYNCHRONY FINANCIAL | | | 290 | | | | 12,505 | |
| T ROWE PRICE GROUP INC | | | 89 | | | | 10,851 | |
| TOAST INC (1) | | | 135 | | | | 3,364 | |
| TRAVELERS COS INC (THE) | | | 70 | | | | 16,110 | |
| TRUIST FINANCIAL CORP | | | 386 | | | | 15,046 | |
| TRUSTCO BK CORP NY | | | 434 | | | | 12,221 | |
| US BANCORP NEW | | | 455 | | | | 20,339 | |
| VISA INC. | | | 358 | | | | 99,911 | |
| WEBSTER FIN CORP WATERBURY | | | 221 | | | | 11,220 | |
| WELLS FARGO & CO NEW | | | 876 | | | | 50,773 | |
| WILLIS TOWERS WATSON PLC | | | 32 | | | | 8,800 | |
| ZIONS BANCORPORATION N.A | | | 724 | | | | 31,422 | |
| | | | | | | | | |
| | | | | | | | 2,276,441 | |
| | | | | | | | | |
| Healthcare - 5.8% | | | | | | | | |
| ABBOTT LABS | | | 355 | | | | 40,349 | |
| ABBVIE INC | | | 377 | | | | 68,652 | |
| ACADIA HEALTHCARE COMPANY INC (1) | | | 44 | | | | 3,486 | |
| AGILENT TECHNOLOGIES INC | | | 72 | | | | 10,477 | |
| ALIGN TECHNOLGY INC (1) | | | 12 | | | | 3,935 | |
| ALNYLAM PHARMACEUTICALS (1) | | | 24 | | | | 3,587 | |
| AMGEN INC | | | 118 | | | | 33,550 | |
| AMICUS THERAPEUTICS, INC (1) | | | 374 | | | | 4,406 | |
| ARROWHEAD PHARMACEUTICALS INC (1) | | | 72 | | | | 2,059 | |
| AVANTOR INC (1) | | | 250 | | | | 6,393 | |
| BAXTER INTL INC | | | 166 | | | | 7,095 | |
| BECTON DICKINSON & CO | | | 60 | | | | 14,847 | |
| BIO RAD LABORATORIES INC (1) | | | 189 | | | | 65,369 | |
| BIOGEN INC (1) | | | 32 | | | | 6,900 | |
| BIOMARIN PHARMACEUTICALS (1) | | | 78 | | | | 6,813 | |
| BIO-TECHNE CORP | | | 450 | | | | 31,676 | |
| BLUEPRINT MEDICINES CORPORATION (1) | | | 31 | | | | 2,941 | |
| BOSTON SCIENTIFIC CORP (1) | | | 318 | | | | 21,780 | |
| BRIDGEBIO PHARMA, INC (1) | | | 82 | | | | 2,535 | |
| BRISTOL-MYERS SQUIBB CO | | | 469 | | | | 25,434 | |
| CARDINAL HEALTH INC | | | 63 | | | | 7,050 | |
| CATALENT INC (1) | | | 1,474 | | | | 83,207 | |
| CENCORA INC | | | 39 | | | | 9,477 | |
| CENTENE CORPORATION (1) | | | 168 | | | | 13,185 | |
| CHARLES RIVER LABS INTL INC (1) | | | 335 | | | | 90,768 | |
| COOPER COMPANIES INC (THE) | | | 77 | | | | 7,812 | |
| CVS HEALTH CORP | | | 289 | | | | 23,051 | |
| CYTOKINETICS INCORPORATED (1) | | | 35 | | | | 2,454 | |
| DANAHER CORP | | | 141 | | | | 35,211 | |
| DAVITA INC (1) | | | 710 | | | | 98,016 | |
| DENTSPLY SIRONA INC | | | 2,083 | | | | 69,135 | |
| DEXCOM INC (1) | | | 80 | | | | 11,096 | |
| EDWARDS LIFESCIENCES CORP (1) | | | 154 | | | | 14,716 | |
| ELANCO ANIMAL HEALTH INCORPORATED (1) | | | 284 | | | | 4,624 | |
| ELEVANCE HEALTH INC | | | 58 | | | | 30,075 | |
| ELI LILLY & CO | | | 207 | | | | 161,038 | |
| GE HEALTHCARE TECHNOLOGIES INC | | | 77 | | | | 7,000 | |
| GILEAD SCIENCE INC | | | 290 | | | | 21,243 | |
| HCA HEALTHCARE INC | | | 45 | | | | 15,009 | |
| HENRY SCHEIN INC (1) | | | 600 | | | | 45,312 | |
| HUMANA INC | | | 36 | | | | 12,482 | |
| ICON PLC ADS (1) | | | 24 | | | | 8,063 | |
| IDEXX LABORATORIES CORP (1) | | | 24 | | | | 12,958 | |
| ILLUMINA INC (1) | | | 55 | | | | 7,553 | |
| INCYTE CORPORATION (1) | | | 486 | | | | 27,687 | |
| INTELLIA THERAPEUTICS INC (1) | | | 123 | | | | 3,384 | |
| INTRA-CELLULAR THERAPIES INC. (1) | | | 84 | | | | 5,813 | |
| INTUITIVE SURGICAL INC (1) | | | 82 | | | | 32,725 | |
| Iovance Biotherapeutics, Inc (1) | | | 88 | | | | 1,304 | |
| IQVIA HOLDINGS INC (1) | | | 42 | | | | 10,621 | |
| JOHNSON AND JOHNSON | | | 519 | | | | 82,101 | |
| LAB CORP OF AMERICA NEW | | | 47 | | | | 10,268 | |
| MADRIGAL PHARMACEUTICALS INC (1) | | | 10 | | | | 2,670 | |
| MCKESSON CORP | | | 36 | | | | 19,327 | |
| MEDTRONIC PLC | | | 331 | | | | 28,847 | |
| MERCK & CO INC | | | 557 | | | | 73,496 | |
| METTLER TOLEDO INTL INC (1) | | | 8 | | | | 10,650 | |
| MODERNA, INC. (1) | | | 98 | | | | 10,443 | |
| MOLINA HEALTHCARE INC (1) | | | 22 | | | | 9,038 | |
| NATERA, INC (1) | | | 43 | | | | 3,933 | |
| NEUROCRINE BIOSCIENCES INC (1) | | | 48 | | | | 6,620 | |
| PENUMBRA INC (1) | | | 18 | | | | 4,017 | |
| PFIZER INC | | | 1,335 | | | | 37,046 | |
| QUEST DIAGNOSTICS INC | | | 292 | | | | 38,868 | |
| REGENERON PHARMACEUTICALS INC (1) | | | 26 | | | | 25,025 | |
| REPLIGEN CORP (1) | | | 25 | | | | 4,598 | |
| RESMED INC | | | 47 | | | | 9,307 | |
| REVVITY INC | | | 297 | | | | 31,185 | |
| ROYALTY PHARMA PLC | | | 204 | | | | 6,195 | |
| SAREPTA THERAPEUTICS INC (1) | | | 33 | | | | 4,272 | |
| SHOCKWAVE MEDICAL, INC. (1) | | | 15 | | | | 4,884 | |
| SIMULATIONS PLUS INC | | | 117 | | | | 4,815 | |
| STERIS PLC (IRELAND) | | | 40 | | | | 8,993 | |
| STRYKER CORP | | | 90 | | | | 32,208 | |
| SYNDAX PHARMACEUTICALS INC (1) | | | 186 | | | | 4,427 | |
| TENET HEALTHCARE CORP (1) | | | 56 | | | | 5,886 | |
| THE CIGNA GROUP | | | 76 | | | | 27,602 | |
| THERMO FISHER SCIENTIFIC INC | | | 72 | | | | 41,847 | |
| ULTRAGENYX PHARMACEUTICAL INC (1) | | | 87 | | | | 4,062 | |
| UNITEDHEALTH GROUP INC (DEL) | | | 219 | | | | 108,339 | |
| UNIVERSAL HEALTH SVR INC | | | 420 | | | | 76,633 | |
| UTAH MEDICAL PRODUCTS INC | | | 91 | | | | 6,471 | |
| VAXCYTE, INC. (1) | | | 62 | | | | 4,235 | |
| VEEVA SYSTEMS INC (1) | | | 47 | | | | 10,889 | |
| VERACYTE INC (1) | | | 193 | | | | 4,277 | |
| VERTEX PHARMACEUTICALS (1) | | | 61 | | | | 25,499 | |
| VIATRIS INC. | | | 4,984 | | | | 59,509 | |
| VIKING THERAPEUTICS, INC. (1) | | | 29 | | | | 2,378 | |
| WATERS CORP (1) | | | 26 | | | | 8,950 | |
| WEST PHARMACEUTICAL SVCS INC | | | 22 | | | | 8,706 | |
| ZOETIS INC | | | 99 | | | | 16,752 | |
| | | | | | | | | |
| | | | | | | | 2,119,621 | |
| | | | | | | | | |
| Industrials - 4.0% | | | | | | | | |
| 3M COMPANY | | | 39 | | | | 4,137 | |
| A. O. SMITH CORP | | | 820 | | | | 73,357 | |
| ALLEGION PLC | | | 491 | | | | 66,143 | |
| AMERICAN AIRLINES GROUP INC (1) | | | 4,534 | | | | 69,597 | |
| AMETEK INC | | | 20 | | | | 3,658 | |
| API GROUP CORPORATION (1) | | | 74 | | | | 2,906 | |
| AUTOMATIC DATA PROCESSING | | | 61 | | | | 15,234 | |
| AXON ENTERPRISE INC (1) | | | 12 | | | | 3,755 | |
| BOEING COMPANY (1) | | | 71 | | | | 13,702 | |
| BOISE CASCADE COMPANY | | | 18 | | | | 2,761 | |
| BOOZ ALLEN HAMILTON HOLDING CORPORATION | | | 24 | | | | 3,563 | |
| BROADRIDGE FIN'L SOLUTIONS | | | 26 | | | | 5,326 | |
| BUILDERS FIRSTSOURCE INC (1) | | | 24 | | | | 5,005 | |
| C.H. ROBINSON WRLDWDE INC | | | 327 | | | | 24,898 | |
| CARLISLE COMPANIES | | | 10 | | | | 3,919 | |
| CARRIER GLOBAL CORP | | | 60 | | | | 3,488 | |
| CATERPILLAR INC | | | 63 | | | | 23,085 | |
| CHART INDUSTRIES INC (1) | | | 10 | | | | 1,647 | |
| CINTAS CORP | | | 15 | | | | 10,305 | |
| CLEAN HARBORS INC (1) | | | 19 | | | | 3,825 | |
| CNH INDUSTRIAL N.V. | | | 237 | | | | 3,072 | |
| COLUMBUS MCKINNON CORP NY | | | 90 | | | | 4,017 | |
| COMFORT SYSTEMS USA INC | | | 7 | | | | 2,224 | |
| COPART INC (1) | | | 150 | | | | 8,688 | |
| CSX CORP | | | 288 | | | | 10,676 | |
| CUMMINS INC | | | 25 | | | | 7,366 | |
| CURTISS WRIGHT CORP | | | 21 | | | | 5,375 | |
| DEERE & CO | | | 29 | | | | 11,911 | |
| DELTA AIR LINES INC. (NEW) | | | 124 | | | | 5,936 | |
| DOVER CORP | | | 21 | | | | 3,721 | |
| EATON CORP PLC (IRELAND) | | | 48 | | | | 15,009 | |
| EMERSON ELECTRIC CO | | | 65 | | | | 7,372 | |
| ENNIS INC | | | 222 | | | | 4,553 | |
| EQUIFAX INC | | | 14 | | | | 3,745 | |
| FASTENAL CO | | | 48 | | | | 3,703 | |
| FEDEX CORP | | | 29 | | | | 8,402 | |
| FERGUSON PLC | | | 18 | | | | 3,932 | |
| FRANKLIN ELECTR INC | | | 48 | | | | 5,127 | |
| FTI CONSULTING INC (1) | | | 8 | | | | 1,682 | |
| GE AEROSPACE TRADING | | | 146 | | | | 25,627 | |
| GENERAC HOLDINGS INC (1) | | | 335 | | | | 42,257 | |
| GENERAL DYNAMICS CORP | | | 27 | | | | 7,627 | |
| GRAINGER W W INC | | | 8 | | | | 8,138 | |
| GXO LOGISTICS INC (1) | | | 70 | | | | 3,763 | |
| Heico Corp (1) | | | 30 | | | | 4,618 | |
| HONEYWELL INTERNATIONAL INC | | | 105 | | | | 21,551 | |
| HOWMET AEROSPACE INC | | | 69 | | | | 4,722 | |
| HUBBELL INC | | | 11 | | | | 4,566 | |
| HUNTINGTON INGALLS INDUSTRIES INC | | | 240 | | | | 69,953 | |
| ILLINOIS TOOL WKS INC | | | 44 | | | | 11,807 | |
| INGERSOLL RAND INC | | | 75 | | | | 7,121 | |
| ITT CORP | | | 37 | | | | 5,033 | |
| J.B. HUNT TRANSPORT SERVICES INC | | | 20 | | | | 3,985 | |
| JACOBS SOLUTIONS INC | | | 27 | | | | 4,151 | |
| JOHNSON CONTROLS INTERNATIONAL PLC | | | 113 | | | | 7,381 | |
| KENNAMETAL INC | | | 149 | | | | 3,716 | |
| KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC | | | 53 | | | | 2,916 | |
| L3HARRIS TECHNOLOGIES INC | | | 33 | | | | 7,032 | |
| LEIDOS HOLDINGS INC | | | 612 | | | | 80,227 | |
| LENNOX INTERNATIONAL INC | | | 8 | | | | 3,910 | |
| LOCKHEED MARTIN CORP | | | 33 | | | | 15,011 | |
| LYFT INC (1) | | | 61 | | | | 1,180 | |
| MASCO CORP | | | 981 | | | | 77,381 | |
| MASTEC INC (FL) (1) | | | 15 | | | | 1,399 | |
| MIDDLEBY CORP (1) | | | 22 | | | | 3,537 | |
| NEXTRACKER INC (1) | | | 24 | | | | 1,350 | |
| NORDSON CORP | | | 178 | | | | 48,868 | |
| NORFOLK SOUTHERN CORP | | | 37 | | | | 9,430 | |
| NORTHROP GRUMMAN CORP | | | 22 | | | | 10,531 | |
| NORTHWEST PIPE COMPANY (1) | | | 89 | | | | 3,087 | |
| NVENT ELECTRIC PLC | | | 48 | | | | 3,619 | |
| OLD DOMINION FREIGHT LINE | | | 34 | | | | 7,457 | |
| OTIS WORLDWIDE CORP | | | 74 | | | | 7,346 | |
| OWENS CORNING INC | | | 21 | | | | 3,503 | |
| PACCAR INC | | | 76 | | | | 9,416 | |
| PARKER HANNIFIN CORP | | | 20 | | | | 11,116 | |
| PAYCHEX INC | | | 57 | | | | 7,000 | |
| PAYCOM SOFTWARE INC | | | 176 | | | | 35,026 | |
| PAYLOCITY HOLDING CORPORATION (1) | | | 11 | | | | 1,890 | |
| QUANTA SERVICES INC | | | 25 | | | | 6,495 | |
| RB GLOBAL INC | | | 33 | | | | 2,514 | |
| REGAL REXNORD CORP | | | 14 | | | | 2,521 | |
| RESOURCES CONNECTION INC | | | 234 | | | | 3,079 | |
| ROBERT HALF INC | | | 311 | | | | 24,656 | |
| ROCKWELL AUTOMATION INC | | | 19 | | | | 5,535 | |
| RTX CORPORATION | | | 215 | | | | 20,969 | |
| SAIA INC (1) | | | 5 | | | | 2,925 | |
| SIMPSON MFG CO INC (DEL) | | | 16 | | | | 3,283 | |
| SITEONE LANDSCAPE SUPPLY INC (1) | | | 14 | | | | 2,444 | |
| SNAP ON INC | | | 187 | | | | 55,393 | |
| SOUTHWEST AIRLINES CO | | | 112 | | | | 3,269 | |
| STANLEY BLACK & DECKER INC | | | 572 | | | | 56,016 | |
| TETRA TECH INC | | | 16 | | | | 2,955 | |
| TEXTRON INC | | | 41 | | | | 3,933 | |
| TORO CO | | | 25 | | | | 2,291 | |
| TRANE TECHNOLOGIES PLC | | | 35 | | | | 10,507 | |
| TRANSDIGM GROUP INC | | | 8 | | | | 9,853 | |
| TRANSUNION | | | 36 | | | | 2,873 | |
| TREX COMPANY INC (1) | | | 31 | | | | 3,092 | |
| UBER TECHNOLOGIES INC (1) | | | 296 | | | | 22,789 | |
| UNION PACIFIC CORP | | | 89 | | | | 21,888 | |
| UNITED AIRLINES HOLDINGS INC (1) | | | 1,469 | | | | 70,336 | |
| UNITED PARCEL SERVICE INC | | | 106 | | | | 15,755 | |
| UNITED RENTALS INC | | | 11 | | | | 7,932 | |
| VERALTO CORPORATION | | | 43 | | | | 3,812 | |
| VERISK ANALYTICS INC | | | 28 | | | | 6,600 | |
| VERTIV HOLDINGS LLC | | | 58 | | | | 4,737 | |
| WABTEC | | | 33 | | | | 4,807 | |
| WASTE MANAGEMENT INC | | | 60 | | | | 12,789 | |
| WATSCO INC | | | 9 | | | | 3,888 | |
| WESCO INTERNATIONAL INC | | | 12 | | | | 2,055 | |
| WillScot Mobile Mini Holdings Corp. (1) | | | 47 | | | | 2,186 | |
| XPO INC (1) | | | 20 | | | | 2,441 | |
| XYLEM INC | | | 42 | | | | 5,428 | |
| | | | | | | | | |
| | | | | | | | 1,457,116 | |
| | | | | | | | | |
| Information Technology - 13.9% | | | | | | | | |
| ACCENTURE PLC (IRELAND) | | | 244 | | | | 84,573 | |
| ADOBE INC. (1) | | | 161 | | | | 81,241 | |
| ADVANCED ENERGY INDS INC | | | 202 | | | | 20,600 | |
| ADVANCED MICRO DEVICES INC (1) | | | 541 | | | | 97,645 | |
| ANALOG DEVICES INC | | | 217 | | | | 42,920 | |
| ANSYS INC (1) | | | 53 | | | | 18,399 | |
| APPLE INC | | | 5,049 | | | | 865,803 | |
| APPLIED MATERIALS INC | | | 286 | | | | 58,982 | |
| ARISTA NETWORKS INC (1) | | | 110 | | | | 31,898 | |
| ATLASSIAN CORPORATION PLC (1) | | | 69 | | | | 13,463 | |
| AUTODESK INC (1) | | | 127 | | | | 33,073 | |
| AVNET INC | | | 604 | | | | 29,946 | |
| BIGCOMMERCE HOLDINGS, INC. (1) | | | 1,383 | | | | 9,529 | |
| BROADCOM INC | | | 148 | | | | 196,161 | |
| CADENCE DESIGNS SYS (1) | | | 125 | | | | 38,910 | |
| CISCO SYSTEMS INC | | | 1,463 | | | | 73,018 | |
| CLOUDFLARE INC (1) | | | 105 | | | | 10,167 | |
| CROWDSTRIKE HOLDINGS, INC. (1) | | | 87 | | | | 27,891 | |
| DATADOG, INC. (1) | | | 135 | | | | 16,686 | |
| F5, INC. (1) | | | 368 | | | | 69,769 | |
| FORTINET INC (1) | | | 295 | | | | 20,151 | |
| GEN DIGITAL INC | | | 1,570 | | | | 35,168 | |
| HUBSPOT INC (1) | | | 24 | | | | 15,037 | |
| INTEL CORP | | | 1,412 | | | | 62,368 | |
| INTL BUSINESS MACHINES | | | 328 | | | | 62,635 | |
| INTUIT INC | | | 116 | | | | 75,400 | |
| JUNIPER NETWORKS | | | 1,117 | | | | 41,396 | |
| KLA Corporation | | | 55 | | | | 38,421 | |
| LAM RESEARCH CORP | | | 51 | | | | 49,550 | |
| LITTELFUSE INC | | | 121 | | | | 29,324 | |
| MARVELL TECHNOLOGY INC. | | | 364 | | | | 25,800 | |
| MICROCHIP TECH INC | | | 350 | | | | 31,399 | |
| MICRON TECH INC | | | 425 | | | | 50,103 | |
| MICROSOFT CORP | | | 2,498 | | | | 1,050,959 | |
| MICROSTRATEGY INC (1) | | | 5 | | | | 8,523 | |
| MONGODB INC (1) | | | 39 | | | | 13,987 | |
| MONOLITHIC POWER SYS INC | | | 25 | | | | 16,936 | |
| NVIDIA CORP | | | 810 | | | | 731,884 | |
| OKTA INC. (A) (1) | | | 88 | | | | 9,207 | |
| ON SEMICONDUCTOR CORP (1) | | | 214 | | | | 15,740 | |
| ORACLE CORPORATION | | | 576 | | | | 72,351 | |
| PALANTIR TECHNOLOGIES INC (1) | | | 759 | | | | 17,465 | |
| PALO ALTO NETWORKS INC (1) | | | 112 | | | | 31,823 | |
| QORVO INC (1) | | | 454 | | | | 52,133 | |
| QUALCOMM INC | | | 391 | | | | 66,196 | |
| ROPER TECHNOLOGIES INC | | | 86 | | | | 48,232 | |
| SALESFORCE INC | | | 326 | | | | 98,185 | |
| SERVICENOW INC (1) | | | 80 | | | | 60,992 | |
| SNOWFLAKE INC (1) | | | 132 | | | | 21,331 | |
| SUPER MICRO COMPUTER INC (1) | | | 17 | | | | 17,171 | |
| SYNOPSYS INC (1) | | | 71 | | | | 40,577 | |
| TD SYNNEX CORPORATION | | | 315 | | | | 35,627 | |
| TEXAS INSTRUMENTS INC | | | 330 | | | | 57,489 | |
| Trimble Inc. (1) | | | 1,480 | | | | 95,253 | |
| VISHAY INTERTECHNOLOGY INC | | | 1,213 | | | | 27,511 | |
| WORKDAY INC (1) | | | 81 | | | | 22,093 | |
| ZEBRA TECH CORP (1) | | | 221 | | | | 66,618 | |
| | | | | | | | | |
| | | | | | | | 5,035,709 | |
| | | | | | | | | |
| Materials - 1.1% | | | | | | | | |
| AMCOR PLC | | | 4,756 | | | | 45,230 | |
| CF INDUSTRIES HOLDINGS | | | 882 | | | | 73,391 | |
| EASTMAN CHEMICAL COMPANY | | | 802 | | | | 80,376 | |
| FMC CORP | | | 1,107 | | | | 70,516 | |
| INTERNATIONAL PAPER CO | | | 1,585 | | | | 61,847 | |
| WESTROCK COMPANY | | | 1,763 | | | | 87,180 | |
| | | | | | | | | |
| | | | | | | | 418,540 | |
| | | | | | | | | |
| Real Estate Investment Trust - 1.2% | | | | | | | | |
| BOSTON PROPERTIES INC | | | 714 | | | | 46,631 | |
| CAMDEN PROPERTY TRUST | | | 500 | | | | 49,200 | |
| FEDERAL REALTY INVESTMENT TRUST (MD) | | | 445 | | | | 45,443 | |
| HEALTHPEAK PROPERTIES INC | | | 9,906 | | | | 185,738 | |
| HOST HOTEL & RESORTS INC | | | | | | | 2,525 | | | | 52,217 | |
| KIMCO REALTY CORP | | | | | | | 1,613 | | | | 31,631 | |
| UDR INC | | | | | | | 938 | | | | 35,091 | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | 445,951 | |
| | | | | | | | | | | | | |
| Utilities - 0.9% | | | | | | | | | | | | |
| AES CORPORATION | | | | | | | 1,810 | | | | 32,453 | |
| ALLIANT ENERGY CORP | | | | | | | 976 | | | | 49,190 | |
| EVERGY INC | | | | | | | 785 | | | | 41,903 | |
| NISOURCE INC HLDG CO | | | | | | | 1,769 | | | | 48,931 | |
| NRG ENERGY INC | | | | | | | 1,562 | | | | 105,732 | |
| PINNACLE WEST CAP CORP | | | | | | | 610 | | | | 45,585 | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | 323,794 | |
| | | | | | | | | | | | | |
| Total Common Stocks (United States) | | | (Cost | | | $ | 17,978,931 | ) | | | 19,022,883 | |
| | | | | | | | | | | | | |
| Preferred Stock (United States) - 0.0% | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Wells Fargo & Co. Preferred (1)(4) | | | | | | | 1 | | | | 0 | |
| | | | | | | | | | | | | |
| Total Preferred Stock (United States) | | | (Cost | | | $ | 0 | ) | | | 0 | |
| | | | | | | | | | | | | |
| Warrants (United States) - 0.0% | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| ABIOMED Inc - CVR (1)(4) | | | | | | | 546 | | | | 0 | |
| | | | | | | | | | | | | |
| Total Warrants (United States) | | | (Cost | | | $ | 0 | ) | | | 0 | |
| | | | | | | | | | | | | |
| Registered Investment Companies - 4.6% | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| U.S. Fixed Income - 4.4% | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Baird Core Plus Bond Fund - Class I | | | | | | | 50,019 | | | | 503,194 | |
| BRANDYWINEGLOBAL HIGH YIELD CLASS I | | | | | | | 12,808 | | | | 130,384 | |
| DODGE & COX INCOME FUND CLASS I | | | | | | | 25,845 | | | | 321,773 | |
| FIDELITY ADVISOR HIGH INCOME ADVANTAGE FUND CLASS Z | | | | | | | 12,071 | | | | 130,362 | |
| FIDELITY ADVISOR TOTAL BOND FUND CLASS Z | | | | | | | 53,525 | | | | 506,347 | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | 1,592,060 | |
| | | | | | | | | | | | | |
| International Fixed Income - 0.2% | | | | | | | | | | | | |
| iShares JP Morgan USD Emerging Markets Bond ETF (5) | | | | | | | 888 | | | | 79,627 | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | 79,627 | |
| | | | | | | | | | | | | |
| Total Registered Investment Companies | | | (Cost | | | $ | 1,668,420 | ) | | | 1,671,687 | |
| | | | | | | | | | | | | |
| Money Market Registered Investment Companies - 27.2% | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Meeder Institutional Prime Money Market Fund, 5.33% (2) | | | | | | | 9,898,495 | | | | 9,899,485 | |
| | | | | | | | | | | | | |
| Total Money Market Registered Investment Companies | | | (Cost | | | $ | 9,899,484 | ) | | | 9,899,485 | |
| | | | | | | | | | | | | |
| Total Investments - 84.0% | | | (Cost | | | $ | 29,546,835 | ) | | | 30,594,055 | |
| | | | | | | | | | | | | |
| Other Assets less Liabilities - 16.0% | | | | | | | | | | | 5,832,479 | |
| | | | | | | | | | | | | |
| Total Net Assets - 100.0% | | | | | | | | | | | 36,426,534 | |
| | | | | | | | | | | | | |
| Trustee Deferred Compensation (3) | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Meeder Balanced Fund - Retail Class | | | | | | | 1,266 | | | | 17,192 | |
| Meeder Dynamic Allocation Fund - Retail Class | | | | | | | 3,374 | | | | 49,868 | |
| Meeder Muirfield Fund - Retail Class | | | | | | | 1,815 | | | | 18,259 | |
| Meeder Conservative Allocation Fund - Retail Class | | | | | | | 367 | | | | 8,346 | |
| | | | | | | | | | | | | |
| Total Trustee Deferred Compensation | | | (Cost | | | $ | 73,095 | ) | | | 93,665 | |
| | | Long (Short) Contracts | | | Expiration Date | | Notional Value of Contracts ($) | | | Value and Unrealized Appreciation (Depreciation)($) | |
| Index Futures | | | | | | | | | | | | | | |
| E-mini Standard & Poors MidCap 400 Futures | | | 8 | | | 6/21/2024 | | | 2,461,920 | | | | 805 | |
| Mini MSCI EAFE Index Futures | | | 57 | | | 6/21/2024 | | | 6,717,735 | | | | 2,854 | |
| Mini MSCI Emerging Markets Index Futures | | | 27 | | | 6/21/2024 | | | 1,416,150 | | | | 4,373 | |
| Standard & Poors 500 Mini Futures | | | 18 | | | 6/21/2024 | | | 4,777,650 | | | | 46,916 | |
| | | | | | | | | | | | | | | |
| Total Futures Contracts | | | 110 | | | | | | 15,373,455 | | | | 54,949 | |
| (@) | Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below. |
| • | Level 1 - quoted prices in active markets for identical securities |
| • | Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
| • | Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) |
The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund's assets carried at fair value:
| Valuation Inputs | | Investments in Securities | | | Other Financial Instruments (6) | |
| Level 1 - Quoted Prices | | $ | 30,594,055 | | | $ | 54,949 | |
| Level 2 - Other Significant Observable Inputs | | | - | | | | - | |
| Level 3 - Significant Unobservable Inputs | | | - | | | | - | |
| Total | | $ | 30,594,055 | | | $ | 54,949 | |
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.
| (1) | Represents non-income producing securities. |
| (2) | Investment in affiliate. The yield shown represents the 7-day yield in effect at March 31, 2024. |
| (3) | Assets of affiliates to the Quantex Fund held for the benefit of the Fund's Trustees in connection with the Trustee Deferred Compensation Plan. |
| (4) | Fair valued security deemed a Level 3 security. Security is not part of the investment strategy of the Fund. |
| (6) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures contracts, which are valued at the unrealized appreciation/depreciation on the instrument. |
