# EDGAR Filing Document

**Accession Number:** 0001643838
**File Stem:** 0001193125-26-243546
**Filing Date:** 2026-5
**Character Count:** 30042
**Document Hash:** 539728658db13f295f45bb7d5aaf3cec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-243546.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001193125-26-243546

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**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:** 261031090

**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

**Trailmark Series Trust** 

**IDX Adaptive Opportunities Fund** 

**CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)** 

**March 31, 2026** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Shares** |  | | **Fair Value** | **Fair Value** |
|  | **CLOSED-END FUNDS - 3.29%** |  |  |  |
|  | *COMMODITY - 3.29%* |  |  |  |
| 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sprott Physical Silver Trust |  | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;975600 |
|  | **TOTAL CLOSED-END FUNDS - (Cost $712,782)** |  |  | 975600 |
|  | **EXCHANGE TRADED FUNDS - 12.18%** |  |  |  |
|  | *ALTERNATIVE - 2.25%* |  |  |  |
| 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Convergence Long/Short Equity ETF |  |  | 140700 |
| 7500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Trust Long/Short Equity ETF |  |  | 527700 |
|  |  |  |  | 668400 |
|  | *COMMODITY - 3.81%* |  |  |  |
| 23305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Global X Uranium ETF |  |  | 1128661 |
|  | *EMERGING MARKETS - 1.66%* |  |  |  |
| 12500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SPDR S&P Emerging Markets Dividend ETF |  |  | 493500 |
|  | *EQUITY - 4.46%* |  |  |  |
| 6500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; iShares Core MSCI EAFE ETF |  |  | 588445 |
| 16000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sarmaya Thematic ETF |  |  | 733283 |
|  |  |  |  | 1321728 |
|  | **TOTAL EXCHANGE TRADED FUNDS - (Cost $3,224,736)** |  |  | 3612289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Number of Contracts**  |  | **Notional Amount** | **Fair Value** | **Fair Value** |
|  | **PURCHASED OPTIONS - 8.14% (a)** |  |  |  |
|  | *CALL OPTIONS - 3.55%*  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brent Crude Oil Futures |  |  |  |
| 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration Date: April 27, 2026, Exercise Price: $105.00 (a) | 207940 |  | 212200 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crude Oil Futures |  |  |  |
| 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration Date: May 14, 2026, Exercise Price: $105.00 (a) | 93160 |  | 69900 |
| 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration Date: May 14, 2026, Exercise Price: $90.00 (a) | 93160 |  | 120100 |
| 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration Date: June 16, 2026, Exercise Price: $90.00 (a) | 346120 |  | 379600 |
| 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration Date: April 16, 2026, Exercise Price: $95.00 (a) | 173060 |  | 160400 |
| 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration Date: June 16, 2026, Exercise Price: $95.00 (a) | 202760 |  | 100400 |
|  |  |  |  | 830400 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Silver Futures |  |  |  |
| 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration Date: April 27, 2026, Exercise Price: $120.00 (a) | 74919 |  | 10150 |
|  |  |  |  | 1052750 |
|  | *PUT OPTIONS - 4.59%*  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brent Crude Oil Futures |  |  |  |
| 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration Date: April 27, 2026, Exercise Price: $105.00 (a) | 207940 |  | 232800 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crude Oil Futures |  |  |  |
| 75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration Date: April 16, 2026, Exercise Price: $75.00 (a) | 760350 |  | 42750 |
| 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration Date: June 16, 2026, Exercise Price: $80.00 (a) | 346120 |  | 277600 |
| 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration Date: April 16, 2026, Exercise Price: $95.00 (a) | 202760 |  | 227800 |
|  |  |  |  | 548150 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; E-MINI S&P 500 Futures |  |  |  |
| 30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration Date: June 18, 2026, Exercise Price: $65.00 (a) | 19712250 |  | 336000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gold Futures |  |  |  |
| 30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration Date: May 26, 2026, Exercise Price: $4,000.00 (a) | 14035800 |  | 135900 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Silver Futures |  |  |  |
| 25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration Date: April 27, 2026, Exercise Price: $60.00 (a) | 187298 |  | 108750 |
|  |  |  |  | 1361600 |
|  | **TOTAL PURCHASED OPTIONS - (Cost $3,364,636)** |  |  | 2414350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Shares**  |  | **Dividend Yield (%)** | **Fair Value** | **Fair Value** |
|  | **SHORT TERM INVESTMENTS - 54.38%** |  |  |  |
|  | *MONEY MARKET FUNDS - 54.38%* |  |  |  |
| 16131120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First American Government Obligations Fund, Class X (b) (c) | 3.577 |  | 16131120 |
|  | **TOTAL SHORT TERM INVESTMENTS - (Cost $16,131,120)** |  |  | 16131120 |
|  | **TOTAL INVESTMENTS - 77.99% - (Cost $23,433,274)** |  |  | 23133359 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 22.01% (d)** |  |  | 6528239 |
|  | **NET ASSETS - 100.00%** |  | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29661598 |
|  | **(a)** Non-income producing security.<br>**(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.<br>**(c)** The rate shown represents the seven day effective yield at March 31, 2026.<br>**(d)** Deposits with broker pledged as collateral for derivative contracts. | **(a)** Non-income producing security.<br>**(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.<br>**(c)** The rate shown represents the seven day effective yield at March 31, 2026.<br>**(d)** Deposits with broker pledged as collateral for derivative contracts. | **(a)** Non-income producing security.<br>**(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.<br>**(c)** The rate shown represents the seven day effective yield at March 31, 2026.<br>**(d)** Deposits with broker pledged as collateral for derivative contracts. | **(a)** Non-income producing security.<br>**(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.<br>**(c)** The rate shown represents the seven day effective yield at March 31, 2026.<br>**(d)** Deposits with broker pledged as collateral for derivative contracts. |

---

**Trailmark Series Trust** 

**IDX Adaptive Opportunities Fund** 

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

**March 31, 2026** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Number of** <br> **Contracts** | **Expiration Date** | **Current Notional<br>Amount** | **Unrealized**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Appreciation**  | **Unrealized**<br> **(Depreciation)**  |
|  **PURCHASE CONTRACTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crude Oil Futures - December 2026 (a) | 16 | 11/20/2026 | $974802 | $184718 | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cotton Futures - May 2026 (a) | 9 | 05/06/2026 | 286474 | 28526 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gold Futures - June 2026 (a) | 10 | 06/26/2026 | 4584921 | 93679 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Copper Futures - May 2026 (a) | 3 | 05/27/2026 | 434931 |  | (13881) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coffee Futures - May 2026 (a) | 6 | 05/18/2026 | 637647 | 33641 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Live Cattle Futures - April 2026 (a) | 8 | 04/30/2026 | 760081 | 17599 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lean Hog Futures - April 2026 (a) | 11 | 04/17/2026 | 422169 |  | (24299) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RBOB Gasoline Futures - June 2026 (a) | 12 | 05/29/2026 | 1131676 | 408346 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Silver Futures - May 2026 (a) | 5 | 05/27/2026 | 1956211 |  | (83236) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Soybean Futures - May 2026 (a) | 26 | 05/14/2026 | 1502869 | 19431 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chicago SRW Wheat Futures - May 2026 (a) | 37 | 05/14/2026 | 1048586 | 91477 |  |
|  **TOTAL PURCHASE CONTRACTS** |  |  |  | 877417 | (121416) |
|  **SALE CONTRACTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corn Futures - May 2026 (a) | (44) | 05/14/2026 | (960183) |  | (46867) |
|  **TOTAL SALES CONTRACTS** |  |  |  |  | (46867) |
|  **TOTAL FUTURES CONTRACTS** |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;877417 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(168283) |
|  **NET UNREALIZED APPRECIATION** |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;709134 |

---

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security Classification <sup>(a)</sup>** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  **Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Closed-End Funds **<sup>(b)</sup>** | $975600 | $- | $- | $975600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Exchange Traded Funds **<sup>(b)</sup>** | 3612289 |  |  | 3612289 |
| &nbsp;&nbsp;&nbsp;&nbsp; Purchased Options **<sup>(b)</sup>** | 2414350 |  |  | 2414350 |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investments **<sup>(b)</sup>** | 16131120 |  |  | 16131120 |
|  **Total Investments** | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23133359 | $- | $- | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23133359 |
|  **Other Financial Instruments** |  |  |  |  |
|  **Futures Contracts <sup>(b) (c)</sup>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation of open futures contracts | $877417 | $- | $- | $877417 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation of open futures contracts | (168283) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | (168283) |
|  **Total Futures Contracts** | $709134 | $- | $- | $709134 |
|  **Total Other Financial Instruments** | $709134 | $- | $- | $709134 |

---

**(a)** As of and during the period ended March 31, 2026, the Fund held no securities that were considered to be
"Level 3" securities (those valued using significant unobservable inputs).

**(b)** All equity securities, 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 Schedule 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:** 549300DLQCPJDIAVGK24

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $32627494.14

**Total Liabilities:** $24683.10

**Net Assets:** $32602811.04

**Amount of Assets Invested in Other Investment Companies:** $7651585.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240337 | 9.94%                | 1.03%                | -3.97%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $239560.01                                 |
| Month 2  | $0.00                    | $1822315.47                                |
| Month 3  | $0.00                    | $-1504256.23                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| EA Series Trust                            | Sarmaya Thematic ETF                                | CUSIP: 02072Q796<br>LEI: 52990059JU15RUJ6SN97 | Long             | EC               | RF                | US        |     16000 | NS      | $733283.20    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED OPTOELE/SH SH                      | Applied Optoelectronics, Inc.                       | CUSIP: 03823U102<br>LEI: 529900I8U6Q5SYDNLT48 | Long             | EC               | CORP              | US        |      5000 | NS      | $422950.00    | 1.30%             |  |  |  | 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      | $527700.00    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Global X Funds                             | Global X Uranium ETF                                | CUSIP: 37954Y871<br>LEI: 549300FJZ5SE0HHSHI40 | Long             | EC               | RF                | US        |     23305 | NS      | $1128661.15   | 3.46%             |  |  |  | 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      | $588445.00    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| LUMENTUM HOLDIN/SH                         | Lumentum Holdings, Inc.                             | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |       750 | NS      | $527070.00    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NLIGHT INC/SH                              | nLIGHT, Inc.                                        | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7500 | NS      | $427650.00    | 1.31%             |  |  |  | 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      | $493500.00    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Asset Management LP                 | Sprott Physical Silver Trust                        | CUSIP: 85207K107<br>LEI: N/A                  | Long             | EC               | RF                | US        |     40000 | NS      | $975600.00    | 2.99%             |  |  |  | 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      | $140700.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds                       | First American Government Obligations Fund, Class X | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  16131120 | NS      | $16131119.68  | 49.48%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board Of Trade                     | Corn Futures - May 2026                             | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DCO              |  | US        |       -44 | NC      | $-46866.60    | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange, Inc.         | Crude Oil Futures - December 2026                   | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | Long             | DCO              |  | US        |        16 | NC      | $184717.68    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Ice Futures U.S., Inc.                     | Cotton Futures - May 2026                           | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | Long             | DCO              |  | US        |         9 | NC      | $28526.42     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | Gold Futures - June 2026                            | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DCO              |  | US        |        10 | NC      | $93678.80     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | Copper Futures - May 2026                           | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DCO              |  | US        |         3 | NC      | $-13881.36    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                     | Coffee Futures - May 2026                           | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | Long             | DCO              |  | US        |         6 | NC      | $33640.53     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | Live Cattle Futures - April 2026                    | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DCO              |  | US        |         8 | NC      | $17599.04     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | Lean Hog Futures - April 2026                       | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DCO              |  | US        |        11 | NC      | $-24298.82    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange, Inc.         | RBOB Gasoline Futures - June 2026                   | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | Long             | DCO              |  | US        |        12 | NC      | $408345.96    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | Silver Futures - May 2026                           | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DCO              |  | US        |         5 | NC      | $-83235.60    | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board Of Trade                     | Soybean Futures - May 2026                          | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              |  | US        |        26 | NC      | $19431.10     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board Of Trade                     | Chicago SRW Wheat Futures - May 2026                | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              |  | US        |        37 | NC      | $91476.95     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange, Inc.         | Crude Oil Futures Options - 105                     | CUSIP: CL1050F26<br>LEI: 5493008GFNDTXFPHWI47 | Long             | DCO              |  | US        |        10 | NC      | $69900.00     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange, Inc.         | Crude Oil Futures Options - 75                      | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | Long             | DCO              |  | US        |        75 | NC      | $42750.00     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange, Inc.         | Crude Oil Futures Options - 80                      | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | Long             | DCO              |  | US        |        40 | NC      | $277600.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange, Inc.         | Crude Oil Futures Options - 90                      | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | Long             | DCO              |  | US        |        10 | NC      | $120100.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange, Inc.         | Crude Oil Futures Options - 90                      | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | Long             | DCO              |  | US        |        40 | NC      | $379600.00    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange, Inc.         | Crude Oil Futures Options - 95                      | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | Long             | DCO              |  | US        |        20 | NC      | $227800.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange, Inc.         | Crude Oil Futures Options - 95                      | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | Long             | DCO              |  | US        |        20 | NC      | $160400.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange, Inc.         | Crude Oil Futures Options - 95                      | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | Long             | DCO              |  | US        |        20 | NC      | $100400.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | E-MINI S&P 500 Futures Option - 65                  | CUSIP: ES6500R26<br>LEI: SNZ2OJLFK8MNNCLQOF39 | Long             | DCO              |  | US        |        30 | NC      | $336000.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | Gold Futures Option - 4000                          | CUSIP: GC4000R26<br>LEI: SNZ2OJLFK8MNNCLQOF39 | Long             | DCO              |  | US        |        30 | NC      | $135900.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange, Inc.         | Brent Crude Oil Futures Options - 105               | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | Long             | DCO              |  | US        |        20 | NC      | $212200.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange, Inc.         | Brent Crude Oil Futures Options - 105               | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | Long             | DCO              |  | US        |        20 | NC      | $232800.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | Silver Futures Option - 120                         | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DCO              |  | US        |        10 | NC      | $10150.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange, Inc.          | Silver Futures Option - 60                          | CUSIP: SI6000Q26<br>LEI: SNZ2OJLFK8MNNCLQOF39 | Long             | DCO              |  | US        |        25 | NC      | $108750.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AXT INC/SH                                 | AXT, Inc.                                           | CUSIP: 00246W103<br>LEI: 549300M2142IVLVIJN37 | Long             | EC               | CORP              | US        |      7500 | NS      | $427350.00    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-07

**Name of Applicant:** Trailmark Series Trust

**Signature:** /s/ Robert Silva

**Name of Signer:** Robert Silva

**Title:** Treasurer