| Iman Fund | ||||||||
| Schedule of Investments | ||||||||
| November 30, 2024 (Unaudited) | ||||||||
| COMMON STOCKS - 99.7% | Shares | Value | ||||||
| Agriculture, Construction, and Mining Machinery Manufacturing - 0.5% | ||||||||
| Toro Co. | 10,900 | $ | 949,172 | |||||
| Apparel Accessories and Other Apparel Manufacturing - 0.3% | ||||||||
Deckers Outdoor Corp. (a) | 2,910 | 570,244 | ||||||
| Architectural, Engineering, and Related Services - 1.2% | ||||||||
| Exponent, Inc. | 12,800 | 1,263,488 | ||||||
| Simpson Manufacturing Co., Inc. | 6,760 | 1,273,584 | ||||||
2,537,072 | ||||||||
| Automotive Parts, Accessories, and Tire Retailers - 2.3% | ||||||||
O'Reilly Automotive, Inc. (a) | 3,745 | 4,655,859 | ||||||
| Bakeries and Tortilla Manufacturing - 0.1% | ||||||||
| J & J Snack Foods Corp. | 935 | 162,494 | ||||||
| Basic Chemical Manufacturing - 1.9% | ||||||||
| Linde PLC | 8,565 | 3,948,379 | ||||||
| Building Equipment Contractors - 1.7% | ||||||||
| EMCOR Group, Inc. | 7,030 | 3,586,144 | ||||||
| Clothing Stores - 2.3% | ||||||||
Boot Barn Holdings, Inc. (a) | 1,200 | 164,568 | ||||||
Lululemon Athletica, Inc. (a) | 750 | 240,495 | ||||||
| Ross Stores, Inc. | 21,535 | 3,335,125 | ||||||
| TJX Cos., Inc. | 7,600 | 955,244 | ||||||
4,695,432 | ||||||||
| Communications Equipment Manufacturing - 8.0% | ||||||||
| Apple, Inc. | 65,370 | 15,514,262 | ||||||
| QUALCOMM, Inc. | 6,390 | 1,013,007 | ||||||
16,527,269 | ||||||||
| Computer and Peripheral Equipment Manufacturing - 0.1% | ||||||||
Super Micro Computer, Inc. (a) | 6,700 | 218,688 | ||||||
| Computer Systems Design and Related Services - 6.5% | ||||||||
| Alphabet, Inc. - Class A | 41,350 | 6,986,082 | ||||||
| Alphabet, Inc. - Class C | 10,585 | 1,804,637 | ||||||
EPAM Systems, Inc. (a) | 1,505 | 367,100 | ||||||
PDF Solutions, Inc. (a) | 5,700 | 180,120 | ||||||
| SAP SE - ADR | 13,400 | 3,183,840 | ||||||
ServiceNow, Inc. (a) | 755 | 792,327 | ||||||
13,314,106 | ||||||||
| Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 0.5% | ||||||||
Shopify, Inc. - Class A (a) | 8,500 | 982,600 | ||||||
| Cut and Sew Apparel Manufacturing - 0.2% | ||||||||
| Cintas Corp. | 1,700 | 383,843 | ||||||
| Drugs and Druggists' Sundries Merchant Wholesalers - 1.2% | ||||||||
| McKesson Corp. | 1,075 | 675,637 | ||||||
| Roche Holding AG - ADR | 49,000 | 1,775,760 | ||||||
2,451,397 | ||||||||
| Electric Power Generation, Transmission and Distribution - 0.3% | ||||||||
GE Vernova, Inc. (a) | 1,800 | 601,416 | ||||||
| Footwear Manufacturing - 0.6% | ||||||||
| NIKE, Inc. - Class B | 13,000 | 1,024,010 | ||||||
Skechers USA, Inc. - Class A (a) | 3,700 | 236,134 | ||||||
1,260,144 | ||||||||
| Freight Transportation Arrangement - 0.3% | ||||||||
| Expeditors International of Washington, Inc. | 1,800 | 218,952 | ||||||
| JB Hunt Transport Services, Inc. | 1,630 | 308,249 | ||||||
527,201 | ||||||||
| General Freight Trucking - 0.2% | ||||||||
| Old Dominion Freight Line, Inc. | 1,480 | 333,207 | ||||||
| Household Appliance Manufacturing - 0.6% | ||||||||
| SharkNinja, Inc. | 13,000 | 1,307,150 | ||||||
| Industrial Machinery Manufacturing - 2.8% | ||||||||
| Applied Materials, Inc. | 4,800 | 838,608 | ||||||
| ASML Holding NV | 4,200 | 2,883,762 | ||||||
Axcelis Technologies, Inc. (a) | 1,700 | 126,208 | ||||||
| Kadant, Inc. | 4,485 | 1,851,363 | ||||||
5,699,941 | ||||||||
| Machinery, Equipment, and Supplies Merchant Wholesalers - 0.2% | ||||||||
| Ferguson Enterprises, Inc. | 2,000 | 431,860 | ||||||
| Medical Equipment and Supplies Manufacturing - 3.6% | ||||||||
Boston Scientific Corp. (a) | 10,000 | 906,600 | ||||||
Edwards Lifesciences Corp. (a) | 4,450 | 317,507 | ||||||
Intuitive Surgical, Inc. (a) | 1,480 | 802,160 | ||||||
| Johnson & Johnson | 24,850 | 3,851,999 | ||||||
| MSA Safety, Inc. | 6,535 | 1,135,848 | ||||||
| ResMed, Inc. | 1,155 | 287,618 | ||||||
7,301,732 | ||||||||
| Metal Ore Mining - 1.1% | ||||||||
| Agnico Eagle Mines Ltd. | 14,400 | 1,215,648 | ||||||
| Alamos Gold, Inc. - Class A | 58,000 | 1,091,560 | ||||||
2,307,208 | ||||||||
| Miscellaneous Durable Goods Merchant Wholesalers - 2.5% | ||||||||
| Pool Corp. | 7,357 | 2,774,251 | ||||||
| Wheaton Precious Metals Corp. | 37,265 | 2,322,728 | ||||||
5,096,979 | ||||||||
| Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers - 0.8% | ||||||||
Copart, Inc. (a) | 25,043 | 1,587,476 | ||||||
| Motor Vehicle Manufacturing - 2.7% | ||||||||
| Federal Signal Corp. | 19,500 | 1,899,495 | ||||||
Tesla, Inc. (a) | 10,620 | 3,665,599 | ||||||
5,565,094 | ||||||||
| Navigational, Measuring, Electromedical, and Control Instruments Manufacturing - 1.8% | ||||||||
| Danaher Corp. | 12,300 | 2,948,187 | ||||||
Transcat, Inc. (a) | 5,230 | 548,575 | ||||||
| Veralto Corp. | 2,233 | 241,588 | ||||||
3,738,350 | ||||||||
| Nursing Care Facilities (Skilled Nursing Facilities) - 0.1% | ||||||||
| Ensign Group, Inc. | 1,000 | 146,210 | ||||||
| Oil and Gas Extraction - 4.0% | ||||||||
| BHP Group Ltd. - ADR | 27,100 | 1,426,815 | ||||||
| EOG Resources, Inc. | 4,500 | 599,670 | ||||||
| Exxon Mobil Corp. | 51,920 | 6,124,483 | ||||||
8,150,968 | ||||||||
Other Chemical Product and Preparation Manufacturing - 0.0%(b) | ||||||||
Aspen Aerogels, Inc. (a) | 5,900 | 87,320 | ||||||
| Other Fabricated Metal Product Manufacturing - 0.9% | ||||||||
| Watts Water Technologies, Inc. - Class A | 8,815 | 1,902,189 | ||||||
| Other Financial Investment Activities - 0.1% | ||||||||
| Chemed Corp. | 400 | 228,956 | ||||||
| Other General Purpose Machinery Manufacturing - 2.9% | ||||||||
| Graco, Inc. | 38,700 | 3,524,796 | ||||||
Mettler-Toledo International, Inc. (a) | 740 | 925,888 | ||||||
| Nordson Corp. | 6,125 | 1,598,564 | ||||||
6,049,248 | ||||||||
| Other Information Services - 3.7% | ||||||||
| Meta Platforms, Inc. - Class A | 13,100 | 7,523,592 | ||||||
| Other Professional, Scientific, and Technical Services - 1.0% | ||||||||
Gartner, Inc. (a) | 2,270 | 1,175,701 | ||||||
IDEXX Laboratories, Inc. (a) | 1,965 | 828,739 | ||||||
2,004,440 | ||||||||
| Petroleum and Coal Products Manufacturing - 1.5% | ||||||||
| Chevron Corp. | 19,200 | 3,109,056 | ||||||
| Pharmaceutical and Medicine Manufacturing - 5.0% | ||||||||
| Abbott Laboratories | 16,300 | 1,935,951 | ||||||
| Eli Lilly & Co. | 3,340 | 2,656,469 | ||||||
| Novo Nordisk AS - ADR | 40,300 | 4,304,040 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 915 | 686,451 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 1,300 | 608,569 | ||||||
10,191,480 | ||||||||
| Plastics Product Manufacturing - 0.4% | ||||||||
AZEK Co., Inc. (a) | 15,600 | 828,672 | ||||||
| Residential Building Construction - 1.9% | ||||||||
| Lennar Corp. - Class A | 10,300 | 1,796,217 | ||||||
NVR, Inc. (a) | 235 | 2,170,361 | ||||||
3,966,578 | ||||||||
| Restaurants and Other Eating Places - 0.2% | ||||||||
Chipotle Mexican Grill, Inc. (a) | 5,750 | 353,740 | ||||||
| Rubber Product Manufacturing - 1.0% | ||||||||
| West Pharmaceutical Services, Inc. | 6,535 | 2,128,319 | ||||||
| Sawmills and Wood Preservation - 0.9% | ||||||||
| UFP Industries, Inc. | 13,900 | 1,889,010 | ||||||
| Scientific Research and Development Services - 0.2% | ||||||||
| Marvell Technology, Inc. | 5,000 | 463,450 | ||||||
| Semiconductor and Other Electronic Component Manufacturing - 15.1% | ||||||||
Advanced Micro Devices, Inc. (a) | 8,700 | 1,193,422 | ||||||
| Analog Devices, Inc. | 4,350 | 948,518 | ||||||
| Broadcom, Inc. | 18,430 | 2,987,134 | ||||||
FormFactor, Inc. (a) | 16,700 | 669,002 | ||||||
| Lam Research Corp. | 12,400 | 916,112 | ||||||
| Micron Technology, Inc. | 11,200 | 1,097,040 | ||||||
| Monolithic Power Systems, Inc. | 350 | 198,674 | ||||||
| NVIDIA Corp. | 84,650 | 11,702,863 | ||||||
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 50,000 | 9,233,000 | ||||||
| Texas Instruments, Inc. | 8,800 | 1,769,064 | ||||||
| Vertiv Holdings Co. - Class A | 1,540 | 196,504 | ||||||
Vicor Corp. (a) | 4,100 | 218,161 | ||||||
31,129,494 | ||||||||
| Services to Buildings and Dwellings - 0.1% | ||||||||
| Rollins, Inc. | 3,300 | 166,089 | ||||||
| Soap, Cleaning Compound, and Toilet Preparation Manufacturing - 1.8% | ||||||||
| Oil-Dri Corp. of America | 1,447 | 100,017 | ||||||
| Procter & Gamble Co. | 20,565 | 3,686,482 | ||||||
3,786,499 | ||||||||
| Software Publishers - 9.4% | ||||||||
Adobe, Inc. (a) | 1,915 | 988,006 | ||||||
ANSYS, Inc. (a) | 1,325 | 465,207 | ||||||
Cadence Design Systems, Inc. (a) | 1,470 | 451,011 | ||||||
| Microsoft Corp. | 31,180 | 13,203,483 | ||||||
NEXTracker, Inc. - Class A (a) | 4,100 | 156,456 | ||||||
| Salesforce, Inc. | 9,070 | 2,993,009 | ||||||
Tyler Technologies, Inc. (a) | 1,660 | 1,044,422 | ||||||
19,301,594 | ||||||||
| Support Activities for Mining - 0.4% | ||||||||
| Rio Tinto PLC - ADR | 13,100 | 823,204 | ||||||
| Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing - 1.9% | ||||||||
| Lennox International, Inc. | 5,220 | 3,482,419 | ||||||
| Trane Technologies PLC | 1,260 | 524,437 | ||||||
4,006,856 | ||||||||
| Warehousing and Storage - 0.9% | ||||||||
| Landstar System, Inc. | 10,000 | 1,859,200 | ||||||
| Water, Sewage and Other Systems - 2.0% | ||||||||
| Texas Pacific Land Corp. | 2,565 | 4,104,231 | ||||||
TOTAL COMMON STOCKS (Cost $139,508,534) | 204,940,852 | |||||||
TOTAL INVESTMENTS - 99.7% (Cost $139,508,534) | 204,940,852 | |||||||
| Other Assets in Excess of Liabilities - 0.3% | 632,846 | |||||||
| TOTAL NET ASSETS - 100.0% | $ | 205,573,698 | ||||||
T Classifications are based on the North American Industry Classification System | – | % | ||||||
| Percentages are stated as a percent of net assets. | – | % | ||||||
| ADR - American Depositary Receipt |
| AG - Aktiengesellschaft |
| AS - Aksjeselskap |
| NV - Naamloze Vennootschap |
| PLC - Public Limited Company |
| SE - Societas Europeae |
| (a) | Non-income producing security. |
| (b) | Represents less than 0.05% of net assets. |
Summary of Fair Value Disclosure as of November 30, 2024 (Unaudited) Iman Fund has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access. Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data. Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. The following is a summary of the fair valuation hierarchy of the Fund’s securities as of November 30, 2024: | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investments: | ||||||||||||||||
| Common Stocks | $ | 204,940,852 | $ | – | $ | – | $ | 204,940,852 | ||||||||
| Total Investments | $ | 204,940,852 | $ | – | $ | – | $ | 204,940,852 | ||||||||
| Refer to the Schedule of Investments for further disaggregation of investment categories. | ||||||||||||||||
