Security Holdings

* Based On Net Assets *

BTS Tactical Fixed Income Fund 8/31/2017

Security Holdings Through 8/31/2017
Security DescriptionPercentage
iShares iBoxx $ High Yield Corporate Bond ETF44.86 %
SPDR Bloomberg Barclays High Yield Bond ETF43.66 %
SPDR Bloomberg Barclays Short Term High Yield8.95 %
UNION BANK INSTITUTIONAL TRUST DEPOSIT ACC - IV2.4 %
Xtrackers USD High Yield Corporate Bond ETF0.46 %
iShares JP Morgan USD Emerging Markets Bond ETF0.23 %
VanEck Vectors High-Yield Municipal Index ETF0.23 %

The security holdings are presented to illustrate examples of the securities that the fund has bought and the diversity of areas in which the funds may invest, and may not be representative of the fund's current or future investments. Portfolio holdings are subject to change and should not be considered to be investment advice.