Mast Managed Futures Strategy Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS
As of July 31, 2026 (Unaudited)
| Principal Amount | Value | |||||||
| SHORT-TERM INVESTMENTS — 86.6% | ||||||||
| MONEY MARKET INVESTMENTS — 63.4% | ||||||||
| $ | 40,362,380 | UMB Bank, Money Market Special II Deposit Investment, 3.43%(a),(b) | $ | 40,362,380 | ||||
| TREASURY BILLS — 23.2% | ||||||||
| United States Treasury Bill | ||||||||
| 2,125,000 | 3.61%, 8/6/2026(b),(c) | 2,124,362 | ||||||
| 2,125,000 | 3.62%, 9/3/2026(b),(c) | 2,118,385 | ||||||
| 2,125,000 | 3.63%, 10/1/2026(b),(c) | 2,112,188 | ||||||
| 2,125,000 | 3.57%, 10/29/2026(b),(c) | 2,106,037 | ||||||
| 2,125,000 | 3.82%, 11/27/2026(b),(c) | 2,099,215 | ||||||
| 2,125,000 | 3.92%, 12/24/2026(b),(c) | 2,092,675 | ||||||
| 2,125,000 | 3.68%, 1/21/2027(b),(c) | 2,086,410 | ||||||
| 14,739,272 | ||||||||
| TOTAL SHORT-TERM INVESTMENTS | ||||||||
| (Cost $55,103,324) | 55,101,652 | |||||||
| TOTAL INVESTMENTS — 86.6% | ||||||||
| (Cost $55,103,324) | 55,101,652 | |||||||
| Other Assets in Excess of Liabilities — 13.4% | 8,517,974 | |||||||
| TOTAL NET ASSETS — 100.0% | $ | 63,619,626 | ||||||
| (a) | The rate is the annualized seven-day yield at period end. |
| (b) | All or a portion of this investment is a holding of Manteio Cayman Managed Futures Strategy Fund, Ltd. |
| (c) | Treasury bill discount rate. |
Mast Managed Futures Strategy Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued
As of July 31, 2026 (Unaudited)
FUTURES CONTRACTS
| Value/Unrealized | ||||||||||||||
| Expiration | Number of | Notional | Appreciation | |||||||||||
| Long Contracts | Date | Contracts | Value | (Depreciation) | ||||||||||
| Commodity Futures | ||||||||||||||
| CBOT Corn1 | September 2026 | 64 | 1,410,400 | (5,613 | ) | |||||||||
| CBOT Soybean Meal1 | December 2026 | 25 | 803,000 | 3,111 | ||||||||||
| CBOT Soybean Oil1 | December 2026 | 25 | 1,003,500 | (56,056 | ) | |||||||||
| CBOT Soybean1 | November 2026 | 26 | 1,543,750 | (24,279 | ) | |||||||||
| CBOT Wheat1 | September 2026 | 46 | 1,470,275 | (25,969 | ) | |||||||||
| CMX Copper1 | September 2026 | 8 | 1,293,100 | 23,666 | ||||||||||
| ICE Brent Crude Oil1 | November 2026 | 17 | 1,437,860 | 17,576 | ||||||||||
| ICE Low Sulphur Gas1 | September 2026 | 6 | 738,300 | 77,496 | ||||||||||
| LME Lead1 | September 2026 | 8 | 371,922 | (12,540 | ) | |||||||||
| LME Primary Aluminum1 | September 2026 | 21 | 1,673,915 | (74,890 | ) | |||||||||
| LME Primary Nickel1 | September 2026 | 9 | 927,256 | (12,499 | ) | |||||||||
| LME Zinc1 | September 2026 | 11 | 1,007,921 | 32,209 | ||||||||||
| NYBOT Cocoa1 | September 2026 | 7 | 377,790 | (30,420 | ) | |||||||||
| NYBOT Coffee 'C'1 | September 2026 | 5 | 622,687 | (5,021 | ) | |||||||||
| NYBOT Cotton #21 | December 2026 | 13 | 531,635 | 13,023 | ||||||||||
| NYBOT Sugar #111 | October 2026 | 45 | 738,864 | (13,502 | ) | |||||||||
| NYMEX Natural Gas1 | September 2026 | 30 | 824,100 | (57,196 | ) | |||||||||
| NYMEX NY Harbor ULSD1 | September 2026 | 3 | 516,033 | 38,835 | ||||||||||
| NYMEX RBOB Gasoline1 | September 2026 | 4 | 523,186 | (5,712 | ) | |||||||||
| NYMEX WTI Crude Oil1 | September 2026 | 15 | 1,270,050 | 8,294 | ||||||||||
| Currency Futures | ||||||||||||||
| Brazilian Real | September 2026 | 255 | 4,991,625 | 48,598 | ||||||||||
| CME Australian Dollar | September 2026 | 16 | 1,125,120 | 5,481 | ||||||||||
| Index Futures | ||||||||||||||
| E-Mini Industrial Select Sector | September 2026 | 3 | 545,490 | 5,627 | ||||||||||
| E-Mini Technology Select Sector | September 2026 | 8 | 2,839,360 | (70,235 | ) | |||||||||
| EUX Euro STOXX 50 | September 2026 | 40 | 2,939,576 | 46,595 | ||||||||||
| Hang Seng Index | August 2026 | 1 | 165,383 | 37 | ||||||||||
| ICF FTSE 100 Index | September 2026 | 29 | 4,246,401 | 124,311 | ||||||||||
| Nikkei Stock Index | September 2026 | 13 | 5,206,373 | (48,461 | ) | |||||||||
| 753 | 41,144,872 | 2,466 | ||||||||||||
Mast Managed Futures Strategy Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued
As of July 31, 2026 (Unaudited)
| Value/Unrealized | ||||||||||||||
| Expiration | Number of | Notional | Appreciation | |||||||||||
| Short Contracts | Date | Contracts | Value | (Depreciation) | ||||||||||
| Commodity Futures | ||||||||||||||
| CMX Gold1 | December 2026 | (4 | ) | (1,642,800 | ) | (12,720 | ) | |||||||
| CMX Silver1 | September 2026 | (1 | ) | (288,930 | ) | 1,343 | ||||||||
| LME Lead1 | September 2026 | (5 | ) | (232,451 | ) | 2,385 | ||||||||
| LME Primary Aluminum1 | September 2026 | (12 | ) | (956,523 | ) | (15,372 | ) | |||||||
| LME Primary Nickel1 | September 2026 | (5 | ) | (515,142 | ) | (13,594 | ) | |||||||
| LME Zinc1 | September 2026 | (6 | ) | (549,776 | ) | (14,065 | ) | |||||||
| Currency Futures | ||||||||||||||
| CME British Pound | September 2026 | (230 | ) | (19,380,375 | ) | (266,569 | ) | |||||||
| CME Canadian Dollar | September 2026 | (198 | ) | (14,150,070 | ) | 17,064 | ||||||||
| CME Euro | September 2026 | (118 | ) | (17,036,250 | ) | (53,429 | ) | |||||||
| CME Japanese Yen | September 2026 | (76 | ) | (5,998,775 | ) | (82,143 | ) | |||||||
| Interest Rate Futures | ||||||||||||||
| CBOT 10-Year U.S. Treasury Note | September 2026 | (232 | ) | (25,056,000 | ) | 224,833 | ||||||||
| CBOT 2-Year U.S. Treasury Note | September 2026 | (248 | ) | (50,991,125 | ) | 97,829 | ||||||||
| CBOT Ultra Long-Term U.S. Treasury Bond | September 2026 | (115 | ) | (12,614,063 | ) | 395,551 | ||||||||
| EUX Euro-Bund | September 2026 | (111 | ) | (15,917,851 | ) | 89,804 | ||||||||
| EUX Euro-Schatz | September 2026 | (121 | ) | (14,714,085 | ) | 15,847 | ||||||||
| ICF Long Gilt | September 2026 | (53 | ) | (6,177,816 | ) | 7,371 | ||||||||
| OSE Japanese 10-Year Bond | September 2026 | (11 | ) | (8,785,205 | ) | 28,362 | ||||||||
| (1,546 | ) | (195,007,237 | ) | 422,497 | ||||||||||
| TOTAL FUTURES CONTRACTS | $ | (153,862,365 | ) | $ | 424,963 | |||||||||
| 1 | This investment is a holding of Manteio Cayman Managed Futures Strategy Fund, Ltd. |