* Based On Net Assets *

Pinnacle Sherman Tactical Allocation Fund 7/31/2019

Security Holdings Through 7/31/2019
Security DescriptionPercentage
First Trust S&P REIT Index Fund13.01 %
Invesco QQQ Trust Series 110.87 %
iShares Core S&P 500 ETF10.81 %
iShares S&P 500 Growth ETF10.77 %
SPDR Gold Shares9.86 %
SPDR Dow Jones Industrial Average ETF Trust7.97 %
Invesco Emerging Markets Sovereign Debt ETF6.64 %
INVESCO 1-30 LADDERED TREASURY ETF6.59 %
First Trust TCW Opportunistic Fixed Income ETF6.58 %
iShares US Technology ETF5.16 %

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.