# EDGAR Filing Document

**Accession Number:** 0001643838
**File Stem:** 0001643838-25-000019
**Filing Date:** 2025-11
**Character Count:** 22104
**Document Hash:** bc3db1a30509162aee4a604aa183eba9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001643838-25-000019.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0001643838-25-000019

**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:** 251535437

**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 Adaptive Opportunities Fund (Series ID: S000079330)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000240337 | Institutional Class Shares | COIDX           |

## Nport-Ex

**IDX Funds**

**IDX Adaptive Opportunities Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE TRADED FUNDS - 10.20%** |  |
|  | *ALTERNATIVE - 3.63%* |  |
| 108573 | &nbsp;&nbsp;&nbsp;Convergence Long/Short Equity ETF | $130200 |
| 478964 | &nbsp;&nbsp;&nbsp;First Trust Long/Short Equity ETF | 524625 |
| 446385 | &nbsp;&nbsp;&nbsp;Simplify Managed Futures Strategy ETF | 419850 |
|  |  | 1074675 |
|  | *EMERGING MARKETS - 1.64%* |  |
| 447810 | &nbsp;&nbsp;&nbsp;SPDR S&P Emerging Markets Dividend ETF | 485625 |
|  | *EQUITY - 4.93%* |  |
| 466810 | &nbsp;&nbsp;&nbsp;AGF U.S. Market Neutral Anti-Beta Fund | 358875 |
| 491994 | &nbsp;&nbsp;&nbsp;iShares Core MSCI EAFE ETF | 567320 |
| 496464 | &nbsp;&nbsp;&nbsp;Sarmaya Thematic ETF | 538669 |
|  |  | 1464864 |
|  | **TOTAL EXCHANGE TRADED FUNDS - (Cost $2,937,000)** | 3025164 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Number of Contracts** |  | **Cost Basis** | **Notional Amount** | **Fair Value** |
|  | **PURCHASED OPTIONS - 1.65% (a)** |  |  |  |
|  | *Commodity Futures - 1.65%* |  |  |  |
|  | &nbsp;&nbsp;&nbsp;Gold Futures |  |  |  |
| 201443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expiration Date: December 29, 2025, Exercise Price: $3,740.00 (a) | 201443 | 7746400 | 363600 |
|  | &nbsp;&nbsp;&nbsp;Silver Futures |  |  |  |
| 142083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expiration Date: December 29, 2025, Exercise Price: $48.00 (a) | 142083 | 3498000 | 125325 |
|  | **TOTAL PURCHASED CALL OPTIONS - (Cost $343,526)** |  |  | 488925 |
|  | **TOTAL PURCHASED OPTIONS - (Cost $343,526)** |  |  | 488925 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount ($)** |  | **Dividend Yield (%)** | **Fair Value** |
|  | **SHORT TERM INVESTMENTS - 67.99%** |  |  |
|  | *Money Market - 67.99%* |  |  |
| 20167534 | &nbsp;&nbsp;&nbsp;First American Government Obligations Fund, Class X (b) (c) | 4.038 | 20167534 |
|  | **TOTAL SHORT TERM INVESTMESTS - (Cost $20,167,534)** |  | 20167534 |
|  | **TOTAL INVESTMENTS - 79.84% - (Cost $23,448,060)** |  | 23681623 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 20.16% (d)** |  | 5979975 |
|  | **NET ASSETS - 100.00%** |  | $29661598 |

---

&nbsp;&nbsp;&nbsp;&nbsp;**(a)** Non-income
producing security.

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

&nbsp;&nbsp;&nbsp;&nbsp;**(d)** Deposits
with broker pledged as collateral for derivative contracts.

**IDX Funds**

**IDX Adaptive Opportunities Fund**

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

**September 30, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Number of <br> Contracts** | **Expiration Date** | **Current Notional <br> Amount** | **Unrealized <br> Appreciation** | **Unrealized <br> (Depreciation)** |
| **PURCHASE CONTRACTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;CME Bitcoin Futures - October 2025 (a) | 2 | &nbsp;&nbsp;10/31/2025 | $1151850 | $- | $(2466) |
| &nbsp;&nbsp;&nbsp;Crude Oil Futures - December 2025 (a) | 16 | &nbsp;&nbsp;11/20/2025 | 991360 |  | (34068) |
| &nbsp;&nbsp;&nbsp;Cotton Futures - December 2025 (a) | 9 | &nbsp;&nbsp;12/8/2025 | 295965 |  | (10284) |
| &nbsp;&nbsp;&nbsp;Corn Futures - December 2025 (a) | 44 | &nbsp;&nbsp;12/12/2025 | 914100 |  | (29729) |
| &nbsp;&nbsp;&nbsp;E-Mini S&P 500 - December 2025 (a) | 4 | &nbsp;&nbsp;12/19/2025 | 1347750 | 18153 |  |
| &nbsp;&nbsp;&nbsp;CME Ether Futures - October 2025 (a) | 4 | &nbsp;&nbsp;10/31/2025 | 838300 |  | (27874) |
| &nbsp;&nbsp;&nbsp;Gold Futures - December 2025 (a) | 14 | &nbsp;&nbsp;12/29/2025 | 5422480 | 586290 |  |
| &nbsp;&nbsp;&nbsp;Coffee Futures - December 2025 (a) | 6 | &nbsp;&nbsp;11/18/2025 | 843413 | 89534 |  |
| &nbsp;&nbsp;&nbsp;Live Cattle Futures - October 2025 (a) | 8 | &nbsp;&nbsp;10/31/2025 | 741920 | 23739 |  |
| &nbsp;&nbsp;&nbsp;Lean Hog Futures - October 2025 (a) | 11 | &nbsp;&nbsp;10/16/2025 | 439340 | 39681 |  |
| &nbsp;&nbsp;&nbsp;RBOB Gasoline Futures - December 2025 (a) | 23 | &nbsp;&nbsp;11/28/2025 | 1810960 |  | (6972) |
| &nbsp;&nbsp;&nbsp;No. 11 Sugar Futures - March 2026 (a) | 32 | &nbsp;&nbsp;2/27/2026 | 594944 | 16044 |  |
| &nbsp;&nbsp;&nbsp;Silver Futures - December 2025 (a) | 9 | &nbsp;&nbsp;12/29/2025 | 2098800 | 195091 |  |
| &nbsp;&nbsp;&nbsp;Soybean Futures - November 2025 (a) | 26 | &nbsp;&nbsp;11/14/2025 | 1302275 |  | (47819) |
| &nbsp;&nbsp;&nbsp;Chicago SRW Wheat Futures - December 2025 (a) | 37 | &nbsp;&nbsp;12/12/2025 | 939800 | - | (39873) |
| **TOTAL PURCHASE CONTRACTS** |  |  |  | 968532 | (199085) |
| **SALE CONTRACTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Copper Futures - December 2025 (a) | (2) | &nbsp;&nbsp;12/29/2025 | (242825) |  | (17204) |
| &nbsp;&nbsp;&nbsp;Henry Hub Natural Gas Futures - December 2025 (a) | (7) | &nbsp;&nbsp;11/25/2025 | (271600) | - | (3565) |
| **TOTAL SALES CONTRACTS** |  |  |  | - | (20769) |
| **TOTAL FUTURES CONTRACTS** |  |  |  | $968532 | $(219854) |
| **NET UNREALIZED APPRECIATION** |  |  |  |  | $748678 |

---

&nbsp;&nbsp;&nbsp;&nbsp;**(a)** All
or a portion of this investment is a holding of IDX Adaptive Subsidiary.

**IDX Funds**

**IDX Adaptive Opportunities Fund**

**CONSOLIDATED SCHEDULE OF WRITTEN OPTIONS (Unaudited)**

**September 30, 2025**

---

| | | | |
|:---|:---|:---|:---|
|  | **Number of <br> Contracts** | **Current <br> Notional <br> Amount** | **Fair Value** |
| **WRITTEN OPTIONS** |  |  |  |
| **Written Call Options** |  |  |  |
| &nbsp;&nbsp;&nbsp;Gold Futures |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Expiration Date: December 29, 2025, Exercise Price: $3,900.00 (a) | (20.00) | (7746400) | $(189200) |
| &nbsp;&nbsp;&nbsp;Silver Futures |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Expiration Date: December 29, 2025, Exercise Price: $52.00 (b) | (15.00) | (3498000) | (56625) |
|  |  |  | (245825) |
| **Total Written Options (Premiums received $163,594)** |  |  | $(245825) |

---

&nbsp;&nbsp;&nbsp;&nbsp;**(a)** 100
shares per contract

&nbsp;&nbsp;&nbsp;&nbsp;**(b)** 5,000
shares per contract

**<u>IDX Adaptive Opportunities Fund</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security Classification <sup>(a)</sup>** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Purchased Options **<sup>(b)</sup>** | $488925 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $488925 |
| &nbsp;&nbsp;&nbsp;**Short-Term Investments **<sup>(b)</sup>** | 20167534 | - | - | 20167534 |
| **Total Investments** | $20656459 | $- | $- | $20656459 |
| **Other Financial Instruments** |  |  |  |  |
| **Futures Contracts <sup>(b) (c)</sup>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Unrealized appreciation of open futures contracts | $968532 | $- | $- | $968532 |
| &nbsp;&nbsp;&nbsp;Unrealized depreciation of open futures contracts | (219854) | - | - | (219854) |
| **Total Futures Contracts** | $748678 | $- | $- | $748678 |
| **Written Option Contracts** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Written Option Contracts, at Value | $(245825) | $- | $- | $(245825) |
| **Total Written Option Contracts** | $(245825) | $- | $- | $(245825) |
| **Total Other Financial Instruments** | $502853 | $- | $- | $502853 |

---

**(a)** As
of and during the period ended March 31, 2025, the Fund held no securities that were considered to be "Level 3" securities
(those valued using significant unobservable inputs).

**(b)** Exchange
traded funds, short-term investments and future contracts held in the Fund are Level 1 securities. For a detailed break-out by
industry, please refer to the Consolidated Schedules of Investments and Open Future Contracts.

**(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 Adaptive Opportunities Fund

- **b. EDGAR series identifier (if any):** S000079330

- **c. LEI of Series:** 549300AM8TM4FSWPSI50

**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:** $29633101.42

**Total Liabilities:** $28496.37

**Net Assets:** $29661597.79

**Amount of Assets Invested in Other Investment Companies:** $3991099.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240337 | 2.25%                | 2.52%                | 0.66%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $218979.00                                 |
| Month 2  | $0.00                    | $193830.00                                 |
| Month 3  | $0.00                    | $422534.00                                 |

**Designated Index Information**

- **Index Name:** SG CTA Index

- **Index Identifier:** SGCTA

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AGF Investments Trust                      | AGF U.S. Market Neutral Anti-Beta Fund              | CUSIP: 00110G408<br>LEI: 549300YBDDPCJBGJCO29 | Long             | EC               | RF                | US        |     22500 | NS      | $358875.00    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Institutional Trust Company N.A. | iShares Core MSCI EAFE ETF                          | CUSIP: 46432F842<br>LEI: 5493009FT582MI7Y3I36 | Long             | EC               | RF                | US        |      6500 | NS      | $567320.00    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                     | Corn Futures - December 2025                        | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DCO              |  | US        |        44 | NC      | $-29729.10    | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                     | Soybean Futures - November 2025                     | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DCO              |  | US        |        26 | NC      | $-47818.90    | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                     | Chicago SRW Wheat Futures - December 2025           | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DCO              |  | US        |        37 | NC      | $-39873.05    | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | CME Bitcoin Futures - October 2025                  | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DCO              |  | US        |         2 | NC      | $-2466.04     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | E-Mini S&P 500 - December 2025                      | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               |  | US        |         4 | NC      | $18153.32     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | CME Ether Futures - October 2025                    | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DCO              |  | US        |         4 | NC      | $-27874.08    | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | Gold Futures - December 2025                        | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DCO              |  | US        |        14 | NC      | $586290.32    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | Copper Futures - December 2025                      | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DCO              |  | US        |        -2 | NC      | $-17204.24    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | Live Cattle Futures - October 2025                  | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DCO              |  | US        |         8 | NC      | $23739.04     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | Lean Hog Futures - October 2025                     | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DCO              |  | US        |        11 | NC      | $39681.18     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | Silver Futures - December 2025                      | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DCO              |  | US        |         9 | NC      | $195090.92    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | Gold Futures - Option - C3740                       | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DCO              |  | US        |        20 | NC      | $363600.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | Gold Futures - Option - C3900                       | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DCO              |  | US        |       -20 | NC      | $-189200.00   | -0.64%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | Silver Futures - Option - C48                       | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DCO              |  | US        |        15 | NC      | $125325.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | Silver Futures - Option - C52                       | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DCO              |  | US        |       -15 | NC      | $-56625.00    | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| EA Series Trust                            | Sarmaya Thematic ETF                                | CUSIP: 02072Q796<br>LEI: 52990059JU15RUJ6SN97 | Long             | EC               | RF                | US        |     16000 | NS      | $538668.80    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds                       | First American Government Obligations Fund, Class X | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  20167534 | NS      | $20167534.49  | 67.99%            |  |  |  | No            |                  1 | On Loan: No      |
| First Trust Exchange-Traded Fund III       | First Trust Long/Short Equity ETF                   | CUSIP: 33739P103<br>LEI: 549300751U9S8UPOSL94 | Long             | EC               | RF                | US        |      7500 | NS      | $524625.00    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                     | Cotton Futures - December 2025                      | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | N/A              | DCO              |  | US        |         9 | NC      | $-10283.58    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                     | Coffee Futures - December 2025                      | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | N/A              | DCO              |  | US        |         6 | NC      | $89534.28     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                     | No. 11 Sugar Futures - March 2026                   | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | N/A              | DCO              |  | US        |        32 | NC      | $16044.16     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange, Inc.         | Crude Oil Futures - December 2025                   | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | N/A              | DCO              |  | US        |        16 | NC      | $-34068.32    | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange, Inc.         | Henry Hub Natural Gas Futures - December 2025       | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | N/A              | DCO              |  | US        |        -7 | NC      | $-3564.84     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange, Inc.         | RBOB Gasoline Futures - December 2025               | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | N/A              | DCO              |  | US        |        23 | NC      | $-6972.26     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Simplify Exchange Traded Funds             | Simplify Managed Futures Strategy ETF               | CUSIP: 82889N699<br>LEI: 549300WB4VYZON2V0562 | Long             | EC               | RF                | US        |     15000 | NS      | $419850.00    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SSgA Active Trust                          | SPDR S&P Emerging Markets Dividend ETF              | CUSIP: 78463X533<br>LEI: 5493000CJCE3FTDXMN84 | Long             | EC               | RF                | US        |     12500 | NS      | $485625.00    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Trust For Professional Managers            | Convergence Long/Short Equity ETF                   | CUSIP: 89834G760<br>LEI: 549300Z250PDULYP1G61 | Long             | EC               | RF                | US        |      5000 | NS      | $130200.00    | 0.44%             |  |  |  | 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