* Based On Net Assets *

Pinnacle Sherman Tactical Allocation Fund 3/31/2019

Security Holdings Through 3/31/2019
Security DescriptionPercentage
ProShares Short S&P50019.39 %
iShares 20+ Year Treasury Bond ETF13.62 %
iShares National Muni Bond ETF13.35 %
iShares MBS ETF13.31 %
UNION BANK INSTITUTIONAL TRUST DEPOSIT ACC - IV6.84 %
First Trust S&P REIT Index Fund6.13 %
SPDR S&P 500 ETF Trust6.13 %
Invesco QQQ Trust Series 13.64 %
iShares S&P 500 Growth ETF3.58 %
iShares S&P 500 Value ETF3.41 %

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.