# EDGAR Filing Document

**Accession Number:** 0001643838
**File Stem:** 0001643838-25-000018
**Filing Date:** 2025-11
**Character Count:** 9073
**Document Hash:** 2723962f750228ceeb080ec75662ae4a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001643838-25-000018.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0001643838-25-000018

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Trailmark Series Trust
- **CENTRAL INDEX KEY:** 0001643838

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23089
- **FILM NUMBER:** 251535436

**BUSINESS ADDRESS:**
- **STREET 1:** 3000 AUBURN DRIVE
- **STREET 2:** SUITE 410
- **CITY:** BEACHWOOD
- **STATE:** OH
- **ZIP:** 44122
- **BUSINESS PHONE:** 888-263-5593

**MAIL ADDRESS:**
- **STREET 1:** 3000 AUBURN DRIVE
- **STREET 2:** SUITE 410
- **CITY:** BEACHWOOD
- **STATE:** OH
- **ZIP:** 44122

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IDX Funds
- **DATE OF NAME CHANGE:** 20211103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** M3Sixty Funds Trust
- **DATE OF NAME CHANGE:** 20160819

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** M3Sixty Manager of Managers Trust
- **DATE OF NAME CHANGE:** 20150601

## Series and Classes Contracts Data

### IDX Risk-Managed Digital Assets Strategy Fund (Series ID: S000074070)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000231507 | Institutional Class Shares | BTIDX           |

## Nport-Ex

**IDX Funds**

**IDX Risk-Managed Digital Assets Strategy Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)**

**September 30, 2025**

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount ($)** |  | **Dividend Yield (%)** | **Fair Value** |
|  | **SHORT TERM INVESTMENTS - 68.30%** |  |  |
|  | *MONEY MARKET FUNDS - 68.30%* |  |  |
| 17509472 | &nbsp;&nbsp;&nbsp;First American Government Obligations Fund, Class X (a) (b) | 4.038 | 17509472 |
|  | **TOTAL SHORT TERM INVESTMENTS - (Cost $17,509,472)** |  | 17509472 |
|  | **TOTAL INVESTMENTS - 68.30% - (Cost $17,509,472)** |  | 17509472 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 31.70%** |  | 8118362 |
|  | **NET ASSETS - 100.00%** |  | $25627834 |

---

&nbsp;&nbsp;&nbsp;&nbsp;**(a)** Fair
Value of this security exceeds 25% of the Fund's net assets. Additional information for this security, including the financial
statements, is available from the SEC's EDGAR database at www.sec.gov.

&nbsp;&nbsp;&nbsp;&nbsp;**(b)** The
rate shown represents the seven day effective yield at September 30, 2025.

**IDX Funds**

**IDX Risk-Managed Digital Assets Strategy Fund**

**CONSOLIDATED SCHEDULE OF OPEN FUTURES CONTRACTS (Unaudited)**

**September 30, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Number of <br> Contracts** | **Expiration Date** | **Current Notional Amount** | **Unrealized <br> Appreciation** | **Unrealized <br> (Depreciation)** |
| **PURCHASE CONTRACTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;CME Bitcoin Futures - October 2025 (a) | 29 | &nbsp;&nbsp;10/31/2025 | $16701825 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $(130718) |
| &nbsp;&nbsp;&nbsp;CME Ether Futures - October 2025 (a) | 14 | &nbsp;&nbsp;10/31/2025 | 2934050 | - | (201862) |
| **TOTAL PURCHASE CONTRACTS** |  |  |  | - | (332580) |
| **TOTAL FUTURES CONTRACTS** |  |  |  | $- | $(332580) |
| **NET UNREALIZED DEPRECIATION** |  |  |  |  | $(332580) |

---

&nbsp;&nbsp;&nbsp;&nbsp;**(a)** All
or a portion of this investment is a holding of IDX Risk-Managed Digital Assets Strategy Subsidiary.

CME - Chicago Mercantile Exchange

**<u>IDX Risk-Managed Digital Assets Strategy Fund</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security Classification <sup>(a)</sup>** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Short-Term Investments **<sup>(b)</sup>** | $17509472 | $- | $- | $17509472 |
| **Total Investments** | $17509472 | $- | $- | $17509472 |
| **Other Financial Instruments** |  |  |  |  |
| **Futures Contracts <sup>(b) (c)</sup>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Unrealized appreciation of open futures contracts | $- | $- | $- | $- |
| &nbsp;&nbsp;&nbsp;Unrealized depreciation of open futures contracts | (332580) | - | - | (332580) |
| **Total Futures Contracts** | (332580) | - | - | (332580) |
| **Total Other Financial Instruments** | $(332580) | $- | $- | $(332580) |

---

&nbsp;&nbsp;&nbsp;&nbsp;**(a)** As
 of and during the period ended September 30, 2025, the Fund held no securities that were
 considered to be "Level 3" securities (those valued using significant unobservable
 inputs).

&nbsp;&nbsp;&nbsp;&nbsp;**(b)** All
 money market funds and future contracts held in the Fund are Level 1 securities. For
 a detailed break-out of common stock by industry, please refer to the Consolidated Schedules
 of Investments.

&nbsp;&nbsp;&nbsp;&nbsp;**(c)** Other
 financial instruments are derivative financial instruments not reflected in the Schedules
 of Investments, such as futures contracts. These contracts are valued at the unrealized
 appreciation / (depreciation) on the instrument.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Trailmark Series Trust

- **b. Investment Company Act file number:** 811-23089

- **c. CIK number of Registrant:** 0001643838

- **d. LEI of Registrant:** 549300DLQCPJDIAVGK24

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 3000 Auburn Drive

  - **City:** Beachwood

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 44122

  - **Telephone number:** 216-329-4271

**Item A.2. Information about the Series.**

- **a. Name of Series:** IDX Risk-Managed Digital Assets Strategy Fund

- **b. EDGAR series identifier (if any):** S000074070

- **c. LEI of Series:** 549300H1LXBVHGP8TU18

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $25691966.73

**Total Liabilities:** $64133.12

**Net Assets:** $25627833.61

**Amount of Assets Invested in Other Investment Companies:** $5834677.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000231507 | 2.59%                | -4.72%               | 8.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $0.00                    | $0.00                                      |

**Designated Index Information**

- **Index Name:** CME CF Bitcoin Reference Rate

- **Index Identifier:** BRR

### Schedule of Portfolio Investments

| Name                                                | Title                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHICAGO MERCANTILE EXCHANGE, INC.1                  | CME Bitcoin Futures - August 2025                   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DCO              |  | US        |        29 | NC      | $-130718.08   | -0.51%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE, INC.2                  | CME Ether Futures - October 2025                    | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DCO              |  | US        |        14 | NC      | $-201862.28   | -0.79%            |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obligations Fund, Class X | First American Government Obligations Fund, Class X | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  17509472 | NS      | $17509472.17  | 68.32%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** Trailmark Series Trust

**Signature:** /s/ Robert Silva

**Name of Signer:** Robert Silva

**Title:** Treasurer