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Schedule of Investments |
March 31, 2023 (unaudited) |
Manor Bond Fund |
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| Shares or Principal |
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Security Description | | | Amount ($) | | Fair Value ($)(1) |
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US Treasury Notes 94.30% |
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US Treasury Note, 2.875% Due 05/15/2028 | 100,000 |
| 96,356 |
US Treasury Note, 1.25% Due 07/31/2023 |
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| 100,000 |
| 98,836 |
US Treasury Note, 2.50% Due 08/15/2023 |
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| 225,000 |
| 223,049 |
US Treasury Note, 1.75% Due 11/15/2029 |
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| 325,000 |
| 291,624 |
US Treasury Note, 1.50% Due 08/15/2026 |
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| 150,000 |
| 139,090 |
US Treasury Note, 0.50% 02/28/2026 |
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| 400,000 |
| 363,281 |
US Treasury Note, Series C, 0.625% Due 05/15/2030 | 175,000 |
| 143,124 |
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Total U.S. Government Obligations | (Cost $ 1,466,385) |
| 1,355,360 |
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Money Market Registered Investment Companies - 5.41% |
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First American Treasury Obligation Fund Class Z - 4.67% (2) | 77,824 |
| 77,824 |
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Total Money Market Registered Investment Companies | (Cost $ 77,824) |
| 77,824 |
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Total Investments - 99.72% | (Cost $ 1,544,209) |
| 1,433,184 |
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Other Assets less Liabilities - .28% |
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| 4,082 |
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Total Net Assets - 100.00% |
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| 1,437,266 |
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(1) Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments. |
These inputs are summarized in the three broad levels listed below. |
• Level 1 - quoted prices in active markets for identical securities |
• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) |
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The following is a summary of the inputs used as of March 31, 2023 in valuing the Fund's assets carried at fair value: |
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| | | | | Investments in | | Other Financial |
Valuation Inputs | | | | Securities | | Instruments |
Level 1 - Quoted Prices | | | $ | 77,824 | $ | - |
Level 2 - Other Significant Observable Inputs | | | 1,355,360 | | - |
Level 3 - Significant Unobservable Inputs | | | - | | - |
Total | | | | $ | 1,433,184 | $ | 0 |
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The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term |
debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment |
Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active |
market, such securities are reflected as Level 2. |
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(2) Investment in affiliate. The yield shown represents the 7-day yield in effect at March 31, 2023. |