Schedule of Investments | |||||||
June 28, 2024 (unaudited) | |||||||
Forester Value Fund | |||||||
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| Shares or Principal |
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Security Description |
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| Amount ($) |
| Fair Value ($)(1) | ||
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Common Stocks - 74.30% | |||||||
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Communications - 2.13% |
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Verizon Communications, Inc. |
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| 1,640.00 |
| 67,633.60 | ||
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Consumer Discretionary - 2.18% |
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Comcast Corp. |
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| 1,000.00 |
| 39,160.00 | |
eBay, Inc. |
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| 1,293.00 |
| 69,459.96 |
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| 108,619.96 |
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Consumer Staples - 11.63% |
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Altria Group, Inc. |
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| 1,500.00 |
| 68,325.00 | |
Conagra Brands, Inc. |
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| 2,600.00 |
| 73,892.00 | |
General Mills, Inc. |
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| 1,200.00 |
| 75,912.00 | |
The JM Smucker Co. |
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| 730.00 |
| 79,599.20 | |
The Kroger Co. |
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| 1,450.00 |
| 72,398.50 | |
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| 370,126.70 |
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Energy - 7.54% |
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BP plc |
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| 900.00 |
| 32,490.00 |
Chevron Corp. |
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| 500.00 |
| 78,210.00 | |
Diamondback Energy, Inc. |
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| 300.00 |
| 60,057.00 | ||
Exxon Mobil Corp. |
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| 600.00 |
| 69,072.00 | |
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| 239,829.00 |
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Financials - 11.55% |
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Allstate Corp. (2) |
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| 480.00 |
| 76,636.80 | |
Aon plc (United Kingdom) |
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| 250.00 |
| 73,395.00 | ||
Chubb Ltd. (Switzerland) |
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| 300.00 |
| 76,524.00 | |
The Travelers Cos., Inc. |
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| 400.00 |
| 81,336.00 | |
US Bancorp, Inc. |
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| 1,500.00 |
| 59,550.00 | |
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| 367,441.80 |
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Health Care - 17.22% |
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Amgen, Inc. |
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| 300.00 |
| 93,735.00 |
Cardinal Health, Inc. |
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| 750.00 |
| 73,740.00 | |
Cigna Corp. (2) |
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| 120.00 |
| 39,668.40 | |
CVS Health Corp. |
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| 810.00 |
| 47,838.60 | |
Johnson & Johnson |
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| 500.00 |
| 73,080.00 | |
Solventum Corp. (2) |
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| 92.00 |
| 4,864.96 | |
Teva Pharmaceutical Industries Ltd. ADR (2) |
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| 6,100.00 |
| 99,125.00 | ||
UnitedHealth Group, Inc. |
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| 180.00 |
| 91,666.80 | |
Walgreens Boots Alliance, Inc. |
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| 2,000.00 |
| 24,190.00 | ||
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| 547,908.76 |
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Industrials - 2.79% |
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The 3M Co. |
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| 370.00 |
| 37,810.30 |
Quanta Services, Inc. |
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| 200.00 |
| 50,818.00 | |
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| 88,628.30 |
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Information Technology - 4.85% |
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International Business Machines Corp. |
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| 200.00 |
| 34,590.00 | ||
Hewlett-Pakcard Co. |
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| 1,000.00 |
| 35,020.00 | |
Oracle Corp. |
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| 600.00 |
| 84,720.00 |
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| 154,330.00 |
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Materials - 5.71% |
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Agnico Eagle Mines, Ltd. (Canada) |
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| 1,130.00 |
| 73,902.00 | ||
Alamos Gold, Inc. |
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| 6,870.00 |
| 107,721.60 | |
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| 181,623.60 |
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Utilities - 7.48% |
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Dominion Energy, Inc. |
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| 1,800.00 |
| 88,200.00 | |
Exelon Corp. |
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| 2,010.00 |
| 69,566.10 |
First Energy Corp. |
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| 2,100.00 |
| 80,367.00 | |
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| 238,133 |
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Total Common Stock |
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| (Cost $ 1,450,542) |
| 2,364,275 | |
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U.S. Government Obligations - 21.80% | |||||||
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US Government Treasury Bill, 0.00%, 8/22/2024 |
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| 200,000 |
| 198,491 | ||
US Government Treasury Bill. 0.000%, 9/2/2024 |
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| 500,000 |
| 495,222 | ||
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Total U.S. Government Obligations | (Cost $ 682,218) |
| 693,713 | ||||
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Money Market Registered Investment Companies - 2.09% | |||||||
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Morgan Stanley Institutional Liquidity Fund Treasury Portfolio, Institutional Class - 5.16% (4) | 66,453 |
| 66,453 | ||||
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Total Money Market Registered Investment Companies | (Cost $ 66,452) |
| 66,453 | ||||
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Total Investments - 99.85% | (Cost $ 2,259,725) |
| 3,177,240 | ||||
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Other Assets Less Liabilities - .15% |
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| 4,937 | ||||
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Total Net Assets - 100.00% |
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| 3,182,177 | ||||
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Options - 1.66% | |||||||
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| Long (Short) |
| Notional Value of |
| Fair |
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| Contracts (5) | Expiration Date | Contracts ($) (6) |
| Value ($) |
Put Options |
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S&P 500 Index, September 20, 2024, Put @5,150.00 | 15 | 9/20/2024 | 7,725,000 |
| 52,800 | ||
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Total Options |
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| 15 |
| (Cost $ 59,405) |
| 52,800 |
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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 June 28, 2024 in valuing the Fund's assets carried at fair value: | |||||||
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| Investments in |
| Other Financial |
Valuation Inputs |
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| Securities |
| Instruments (9) | |
Level 1 - Quoted Prices |
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| $ | 3,177,240 | $ |
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Level 2 - Other Significant Observable Inputs |
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| - |
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Level 3 - Significant Unobservable Inputs |
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| - |
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Total |
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| $ | 3,177,240 | $ | 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) Represents non-income producing securities. | |||||||
(4) Variable rate security; the coupon rate shown represents the yield at June 28, 2024. | |||||||
(6) The notional amount is calculated by multiplying outstanding contracts by the exercise price at June 28,2024. | |||||||
