Monteagle Funds NPORT-P The Texas Fund (May 2023 report)

Schedule of Investments
May 31, 2023 (unaudited)
The Texas Fund
			Shares or Principal
Security Description			Amount ($)		Fair Value ($)(1)
Common Stocks - 97.03%
Automobiles - 0.66%
Tesla, Inc.   (2)			360		73,415
Automobiles & Components - 1.56%
XPEL, Inc.  (2)			2,560		176,307
Banks - 5.52%
First Financial Bankshares, Inc.			665		17,224
International Bancshares Corp.  (2)			4,105		175,366
Mr. Cooper Group, Inc.   (2)			1,598		73,923
Prosperity Bancshares, Inc.			2,707		154,786
South Plains Financial, Inc.			2,760		61,162
Stellar Bancorp, Inc			6,153		143,119
					625,580
Capital Goods - 9.62%
Builders FirstSource, Inc.   (2)			515		59,714
Comfort Systems USA, Inc.			1,193		176,540
CSW Industrials, Inc.			266		37,698
Encore Wire Corp.			1,134		185,602
IES Holdings, Inc.  (2)			2,360		111,911
Jacobs Engineering Group, Inc.			279		30,578
Powell Industries, Inc,			3,410		196,075
Quanex Building Products Corp.			5,557		116,753
Quanta Services, Inc.			352		62,508
Rush Enterprises, Inc. Class A			1,417		74,067
Thermon Group Holdings, Inc.   (2)			1,701		39,021
					1,090,467
Chemicals - 1.57%
Huntsman Corp.  (2)			2,454		58,283
Kronos Worldwide, Inc.			4,881		40,268
Westlake Chemical Corp.			766		79,626
					178,177
Commercial & Professional Services - 2.46%
Copart, Inc.  (2)			1,780		155,910
Ennis, Inc.			2,900		56,173
Waste Management, Inc.			416		67,359
					279,442
Construction & Engineering - 0.51%
AECOM			748		58,381
Construction Materials - 1.27%
Eagle Materials, Inc.			559		91,078
United States Lime & Mineral			290		52,612
					143,690
Consumer Durables & Apparel - 4.55%
D.R. Horton, Inc.			1,312		140,174
Green Brick Partners, Inc.   (2)			4,559		218,239
LGI Homes, Inc.   (2)			410		46,646
Legacy Housing Corp.  (2)			3,370		64,165
Topgolf Callaway Brands Corp.  (2)			2,748		46,908
					516,132
Consumer Finance - 2.53%
FirstCash, Inc.			1,373		135,295
Green Dot Corp. Class A  (2)			8,300		151,309
					286,604
Consumer Services - 5.90%
Biglari Holdings, Inc Class B  (2)			769		158,437
Brinker International, Inc.   (2)			3,511		128,432
Chuy's Holdings, Inc.  (2)			2,060		75,891
Dave & Buster's Entertainment, Inc.   (2)			3,168		101,851
Service Corp. International			958		60,938
Six Flags Entertainment Corp.   (2)			640		16,352
Wingstop, Inc.			639		127,391
					669,292
Diversified Financials - 5.28%
Blucora, Inc. (2)			4,921		104,128
Main Street Capital Corp.			4,036		160,068
Open Lending Corp. Class A   (2)			7,840		79,498
P10, Inc. Class A			10,115		107,522
Texas Pacific Land Trust			21		27,378
TPG, Inc.			4,650		119,970
					598,564
Electric Housewares & Fans - 0.80%
Helen of Troy Ltd. (Bermuda)  (2)			940		90,503
Energy - 0.15%
Marathon Petroleum Corp.			160		16,786
Energy Equipment & Services - 0.97%
Cactus, Inc. Class A			903		28,517
ChampionX Corp.			1,545		39,027
Select Water Solutions, Inc.			5,892		42,776
					110,320
Engineering & Construction - 1.00%
Arcosa, Inc.			1,725		113,263
Food, Beverage & Tobacco - 3.76%
Darling Ingredients, Inc.    (2)			2,364		149,830
Keurig Dr. Pepper, Inc.			4,701		146,295
Vital Farms, Inc.  (2)			9,000		130,410
					426,535
Gas Utilities - 1.01%
Atmos Energy Corp.			995		114,704
Health Care Equipment & Services - 6.67%
Addus HomeCare Corp.  (2)			670		60,401
AMN Healthcare Services, Inc.   (2)			1,204		114,332
CorVel Corp.    (2)			821		160,456
Integer Holdings Corp.  (2)			595		48,707
McKesson Corp.			557		217,698
Tenet Healthcare Corp.  (2)			655		46,636
U.S. Physical Therapy, Inc.			1,060		108,279
					756,509
Household & Personal Products - 1.41%
Kimberly-Clark Corp.  (2)			1,193		160,196
Insurance - 1.52%
Globe Life, Inc.			1,250		128,975
Goosehead Insurance, Inc. Class A (2)			795		43,868
					172,843
Integrated Oil & Gas - 1.07%
Exxon Mobil Corp.			802		81,948
Occidental Petroleum Corp.   (2)			682		39,324
					121,272
Leisure Products - 0.98%
YETI Holdings, Inc.  (2)			3,040		111,173
Machinery-Diversified - 0.48%
Flowserve Corp.  (2)			1,655		53,870
Metals & Mining - 0.85%
Commercial Metals Co.			2,255		96,401
Oil & Gas  - 0.34%
Sitio Royalties Corp. Class A			1,528		38,933
Oil & Gas - Refining & Marketing - 0.29%
HF Sinclair Corp.			803		33,276
Oil & Gas Drilling - 0.22%
Patterson-UTI Energy, Inc.			2,598		25,305
Oil & Gas Equipment Services - 1.54%
Halliburton Co.			1,434		41,084
Nextier Oilfield Solutions, Inc.   (2)			4,935		37,210
Schlumberger Ltd.			731		31,309
Tidewater, Inc.   (2)			1,450		64,974
					174,577
Oil & Gas Exploration & Production - 1.68%
ConocoPhillips			347		34,457
Diamondback Energy, Inc.			133		16,911
EOG Resources, Inc.			352		37,766
Matador Resources Co.			400		17,588
Range Resources Corp.			1,867		51,100
Southwestern Energy Co.   (2)			6,917		32,994
					190,816
Oil & Gas Refining & Marketing - 1.12%
CVR Energy, Inc.			700		16,387
Par Pacific Holdings, Inc.   (2)			850		18,122
Phillips 66			818		74,937
Valero Energy Corp.			165		17,662
					127,108
Oil & Gas Storage & Transportation - 2.15%
Cheniere Energy, Inc.			829		115,869
EnLink Midstream LLC.			2,060		20,106
Kinder Morgan, Inc.			4,591		73,961
Targa Resources Corp.			505		34,365
					244,301
Oil, Gas & Consumable Fuels - 2.95%
Berry Corp.			5,805		36,571
Chord Energy Corp.			333		47,632
Coterra Energy, Inc.			3,320		77,190
Magnolia Oil & Gas Corp. Class A			910		17,590
Pioneer Natural Resources Co.			191		38,093
Tellurian, Inc.  (2)			19,900		24,079
Uranium Energy Corp.   (2)			35,934		93,069
					334,224
Pharmaceuticals, Biotechnology & Life Science - 0.54%
Instil Bio, Inc.    (2)			802		481
Lexicon Pharmaceuticals, Inc.  (2)			15,600		51,480
XBiotech, Inc. (Canada)    (2)			1,751		8,921
					60,882
Real Estate Management & Development - 0.79%
Forestar Group, Inc.  (2)			4,430		90,062
Retail & Wholesale - Discertionary - 1.19%
Academy Sports & Outdoors, Inc.			2,760		135,130
Semiconductors & Semiconductor Equipment - 1.84%
Diodes, Inc.  (2)			1,895		170,247
Texas Instruments, Inc.			220		38,254
					208,501
Software & Services - 11.20%
Alkami Technology, Inc.   (2)			12,015		180,225
Crowdstrike Holdings, Inc. Class A  (2)			1,200		192,156
Digital Turbine, Inc.   (2)			12,315		112,559
E2open Parent Holdings, Inc. Class A   (2)			10,457		52,285
Nice LTD  (2)			220		45,307
Oracle Corp.			1,435		152,024
PROS Holdings, Inc.   (2)			2,630		79,742
Q2 Holdings, Inc.  (2)			2,050		59,696
Sabre Corp.   (2)			12,835		39,788
SolarWinds Corp.  (2)			5,400		50,220
TaskUs,  Inc Class A   (2)			15,000		162,750
Tyler Technologies, Inc.  (2)			360		142,906
					1,269,658
Specialty Retail - 2.50%
Group 1 Automotive, Inc.			475		106,167
Upbound Group, Inc.  (2)			5,925		177,217
					283,384
Technology Hardware & Equipment - 3.34%
Dell Technologies, Inc. Class C  (2)			3,775		169,158
National Instruments Corp.			3,623		209,409
					378,567
Transportation - 1.73%
American Airlines Group, Inc.   (2)			5,548		81,999
Kirby Corp.   (2)			1,594		114,067
					196,066
Utilities - 1.51%
NRG Energy, Inc.			4,019		135,802
Vistra Corp.			1,500		35,955
					171,757
Total Common Stock			(Cost $             9,695,768)		11,002,973
Warrants - 0.09%
Intergrated Oil & Gas - 0.09%
Occidental Petroleum Corp., 08/03/2027 @ $22.00			301		10,740
Total Warrants			(Cost $                            0)		10,740
Money Market Registered Investment Companies - 0.69%
Federated Hermes Government Obligations Fund - Institutional Class, 4.90% (3)			77,858		77,858
Total Money Market Registered Investment Companies			(Cost $                  77,858)		77,858
Total Investments - 100.04%			(Cost $          10,278,557)		11,344,921
Other Assets Less Liabilities - -0.04%					(4,958)
Total Net Assets - 100.00%					11,339,963
Purchased Options - 2.23%
	Long (Short)		Notional Value of		Fair
	Contracts+	Expiration Date	Contracts ($) **		Value ($)
Call Options
iShares 20+ Treasury Bond ETF, July 21, 2023, Call @ $103.00	250	7/21/2023	2,575,000		66,250
SPDR Energy Select Sector, December 15, 2023, Call @ $80.00	100	12/15/2023	800,000		49,000
VanEck Vectors Gold Miners, July 21, 2023, Call @ $33.00	1400	7/21/2023	4,620,000		112,000
VanEck Vectors Gold Miners, June 16, 2023, Call @ $33.00	300	6/16/2023	990,000		7,500
VanEck Vectors Gold Miners, September 15, 2023, Call @ $37.00	300	9/15/2023	3,090,000		18,600
Call Options			12,075,000		253,350
Total Options			(Cost $                504,931)		253,350
(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)
The following is a summary of the inputs used as of May 31, 2023 in valuing the Fund's assets carried at fair value:
			Investments in		Other Financial
Valuation Inputs			Securities		Instruments
Level 1 - Quoted Prices		$	11,344,921	$	-
Level 2 - Other Significant Observable Inputs			-		-
Level 3 - Significant Unobservable Inputs			-		-
Total		$	11,344,921	$	-
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.
(2)  Represents non-income producing securities.
(3)  7-day yield as of May 31, 2023.
**The notional amount is calculated by multiplying outstanding contracts by the exercise price by 100 at May 31, 2023.
+ Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.