Unified Series Trust NPORT-P Fiig All Foreign Equity (Nov 2023 report)

Fisher

Investments

Institutional

Group

All

Foreign

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

96.06%

Shares

Fair

Value

Argentina

—

1.80%

Consumer

Discretionary

—

1.80%

MercadoLibre,

Inc.

(a)

2‌

$

3,241‌

Total  

Argentina

3,241‌

Australia

—

1.80%

Health

Care

—

0.86%

CSL

Ltd.

9‌

1,559‌

Technology

—

0.94%

XERO

LTD

(a)

25‌

1,702‌

Total  

Australia

3,261‌

Brazil

—

3.59%

Financials

—

3.59%

Banco

Bradesco

S.A.

-

ADR

957‌

3,186‌

Itau

Unibanco

Holding

SA

-

ADR

515‌

3,295‌

6,481‌

Total  

Brazil

6,481‌

Canada

—

1.33%

Technology

—

1.33%

Shopify,

Inc.,

Class

A

(a)

33‌

2,403‌

Total  

Canada

2,403‌

China

—

5.38%

Communications

—

2.00%

NetEase,

Inc.

-

ADR

18‌

2,043‌

Tencent

Holdings

Ltd.

38‌

1,582‌

3,625‌

Consumer

Discretionary

—

2.44%

Alibaba

Group

Holding

Ltd.

-

ADR

(a)

17‌

1,273‌

Geely

Automobile

Holdings

Ltd.

800‌

872‌

Haier

Smart

Home

Co.

Ltd.,

H

Shares

350‌

1,015‌

JD.com,

Inc.

-

ADR

26‌

713‌

Meituan

(a)

24‌

556‌

4,429‌

Consumer

Staples

—

0.48%

China

Mengniu

Dairy

Co.

Ltd.

(a)

275‌

863‌

Fisher

Investments

Institutional

Group

All

Foreign

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

(continued)

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

96.06%

-

continued

Shares

Fair

Value

China

—

5.38%

-

continued

Health

Care

—

0.46%

WuXi

Biologics

Cayman

Inc.

(a)

150‌

$

835‌

Total  

China

9,752‌

Denmark

—

4.52%

Energy

—

0.99%

Vestas

Wind

Systems

A/S

(a)

65‌

1,799‌

Health

Care

—

3.53%

Coloplast

A/S

-

ADR

51‌

599‌

Novo

Nordisk

A/S

57‌

5,789‌

6,388‌

Total  

Denmark

8,187‌

France

—

14.89%

Consumer

Discretionary

—

5.22%

Cia

Generale

de

Establissements

Michelin

SCA

45‌

1,509‌

Hermes

International

SA

3‌

6,217‌

Kering

SA

4‌

1,714‌

9,440‌

Consumer

Staples

—

1.56%

L'Oreal

SA

6‌

2,814‌

Financials

—

2.10%

BNP

Paribas

SA

25‌

1,572‌

Credit

Agricole

SA

115‌

1,505‌

Societe

Generale

SA

29‌

728‌

3,805‌

Health

Care

—

0.93%

Sanofi

18‌

1,674‌

Industrials

—

1.30%

Aeroports

de

Paris

14‌

1,723‌

Vinci

SA

-

ADR

21‌

641‌

2,364‌

Materials

—

2.20%

Cie

de

Saint-Gobain

61‌

3,971‌

Technology

—

1.58%

Dassault

Systems

SE

61‌

2,852‌

Total  

France

26,920‌

Germany

—

7.24%

Consumer

Staples

—

1.47%

Beiersdorf

AG

19‌

2,661‌

Fisher

Investments

Institutional

Group

All

Foreign

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

(continued)

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

96.06%

-

continued

Shares

Fair

Value

Germany

—

7.24%

-

continued

Financials

—

1.57%

Deutsche

Boerse

AG

15‌

$

2,846‌

Industrials

—

3.41%

Deutsche

Post

AG

67‌

3,139‌

Siemens

AG

18‌

3,017‌

6,156‌

Technology

—

0.79%

SAP

SE

9‌

1,425‌

Total  

Germany

13,088‌

India

—

2.23%

Financials

—

1.33%

HDFC

Bank

Ltd.

-

ADR

40‌

2,401‌

Technology

—

0.90%

Infosys

Ltd.

-

ADR

93‌

1,632‌

Total  

India

4,033‌

Indonesia

—

1.60%

Financials

—

1.60%

Bank

Rakyat

Indonesia

Persero

Tbk

PT

-

ADR

170‌

2,891‌

Total  

Indonesia

2,891‌

Israel

—

0.63%

Technology

—

0.63%

NICE-Systems

Ltd.

-

ADR

(a)

6‌

1,139‌

Total  

Israel

1,139‌

Italy

—

1.72%

Energy

—

1.20%

Eni

SpA

131‌

2,163‌

Financials

—

0.52%

Intesa

Sanpaolo

SpA

329‌

946‌

Total  

Italy

3,109‌

Japan

—

8.35%

Financials

—

2.19%

Mitsubishi

UFJ

Financial

Group,

Inc.

230‌

1,976‌

Sumitomo

Mitsui

Financial

Group,

Inc.

-

ADR

202‌

1,994‌

3,970‌

Health

Care

—

0.39%

Eisai

Co

Ltd

-

ADR

55‌

710‌

Fisher

Investments

Institutional

Group

All

Foreign

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

(continued)

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

96.06%

-

continued

Shares

Fair

Value

Japan

—

8.35%

-

continued

Industrials

—

5.18%

Daifuku

Co.

Ltd.

-

ADR

60‌

$

560‌

FANUC

Corp.

-

ADR

103‌

1,421‌

Keyence

Corp.

14‌

5,983‌

Kubota

Corp.

100‌

1,429‌

9,393‌

Technology

—

0.59%

OBIC

Co.

Ltd.

7‌

1,072‌

Total  

Japan

15,145‌

Korea

(Republic

of)

—

3.83%

Communications

—

0.80%

NAVER

Corp.

9‌

1,440‌

Technology

—

3.03%

Samsung

Electronics

Co.

Ltd.

98‌

5,489‌

Total  

Korea

(Republic

of)

6,929‌

Netherlands

—

10.65%

Consumer

Discretionary

—

1.04%

Stellantis

NV

86‌

1,862‌

Financials

—

0.69%

ING

Groep

NV

89‌

1,247‌

Technology

—

8.92%

Adyen

NV

(a)

1‌

1,166‌

ASML

Holding

NV

11‌

7,459‌

NXP

Semiconductors

NV

26‌

5,306‌

Wolters

Kluwer

NV

16‌

2,199‌

16,130‌

Total  

Netherlands

19,239‌

Norway

—

1.19%

Energy

—

1.19%

Equinor

ASA

67‌

2,155‌

Total  

Norway

2,155‌

Spain

—

3.40%

Consumer

Discretionary

—

1.31%

Industria

de

Diseno

Textil

SA

58‌

2,389‌

Energy

—

1.61%

Repsol

SA

191‌

2,919‌

Fisher

Investments

Institutional

Group

All

Foreign

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

(continued)

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

96.06%

-

continued

Shares

Fair

Value

Spain

—

3.40%

-

continued

Financials

—

0.48%

Banco

Santander

SA

209‌

$

865‌

Total  

Spain

6,173‌

Sweden

—

1.17%

Consumer

Discretionary

—

1.17%

H&M

Hennes

&

Mauritz

AB,

Class

B

132‌

2,110‌

Total  

Sweden

2,110‌

Switzerland

—

1.30%

Industrials

—

1.30%

ABB

Ltd.

59‌

2,343‌

Total  

Switzerland

2,343‌

Taiwan

Province

of

China

—

4.26%

Technology

—

4.26%

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

-

ADR

79‌

7,687‌

Total  

Taiwan

Province

of

China

7,687‌

United

Kingdom

—

15.18%

Communications

—

0.51%

WPP

PLC

104‌

928‌

Consumer

Discretionary

—

1.22%

Next

PLC

22‌

2,202‌

Consumer

Staples

—

2.65%

Coca-Cola

European

Partners

PLC

51‌

3,093‌

Reckitt

Benckiser

Group

PLC

25‌

1,704‌

4,797‌

Energy

—

1.27%

BP

PLC

379‌

2,292‌

Financials

—

1.07%

Barclays

PLC

642‌

1,143‌

London

Stock

Exchange

Group

PLC

7‌

787‌

1,930‌

Health

Care

—

1.63%

AstraZeneca

PLC

23‌

2,940‌

Materials

—

4.94%

Anglo

American

PLC

91‌

2,461‌

Antofagasta

PLC

200‌

3,555‌

Rio

Tinto

PLC

43‌

2,931‌

8,947‌

Fisher

Investments

Institutional

Group

All

Foreign

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

(continued)

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

96.06%

-

continued

Shares

Fair

Value

United

Kingdom

—

15.18%

-

continued

Technology

—

1.89%

Experian

PLC

93‌

$

3,408‌

Total  

United

Kingdom

27,444‌

Total

Common

Stocks  (Cost $145,446)

173,730‌

MONEY

MARKET

FUNDS

—

8.97%

First

American

Government

Obligations

Fund,

Class

X,

5.29%

(b)

16,233‌

16,233‌

Total

Money

Market

Funds

(Cost

$16,233)

16,233‌

Total

Investments

—

105.03%

(Cost

$161,679)

189,963‌

Liabilities

in

Excess

of

Other

Assets — (5.03)%

(9,093‌)

NET

ASSETS

—

100.00%

$

180,870‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

November

30,

2023.

ADR

-

American

Depositary

Receipt.

Fisher

Investments

Institutional

Group

U.S.

Large

Cap

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

98.51%

Shares

Fair

Value

Communications

—

5.21%

Alphabet,

Inc.,

Class

A

(a)

58‌

$

7,686‌

Netflix,

Inc.

(a)

9‌

4,266‌

11,952‌

Consumer

Discretionary

—

12.06%

Amazon.com,

Inc.

(a)

58‌

8,473‌

Aptiv

PLC

(a)

17‌

1,408‌

Ford

Motor

Co.

99‌

1,016‌

General

Motors

Co.

49‌

1,548‌

Hilton

Worldwide

Holdings,

Inc.

7‌

1,173‌

Home

Depot,

Inc.

(The)

25‌

7,837‌

KB

Home

58‌

3,022‌

NIKE,

Inc.,

Class

B

14‌

1,544‌

Yum!

Brands,

Inc.

13‌

1,632‌

27,653‌

Consumer

Staples

—

3.74%

Costco

Wholesale

Corp.

4‌

2,371‌

General

Mills,

Inc.

18‌

1,146‌

Kimberly-Clark

Corp.

6‌

742‌

PepsiCo,

Inc.

12‌

2,019‌

Procter

&

Gamble

Co.

(The)

15‌

2,304‌

8,582‌

Energy

—

4.69%

ConocoPhillips

24‌

2,774‌

Halliburton

Co.

45‌

1,666‌

Hess

Corp.

22‌

3,092‌

Pioneer

Natural

Resources

Co.

9‌

2,085‌

Schlumberger

Ltd.

22‌

1,145‌

10,762‌

Financials

—

12.98%

American

Express

Co.

26‌

4,440‌

Bank

of

America

Corp.

108‌

3,293‌

BlackRock,

Inc.

5‌

3,756‌

Citigroup,

Inc.

71‌

3,273‌

Goldman

Sachs

Group,

Inc.

(The)

12‌

4,098‌

JPMorgan

Chase

&

Co.

21‌

3,278‌

PayPal

Holdings,

Inc.

(a)

36‌

2,074‌

T.

Rowe

Price

Group,

Inc.

12‌

1,202‌

Visa,

Inc.,

Class

A

17‌

4,364‌

29,778‌

Health

Care

—

9.57%

Abbott

Laboratories

16‌

1,669‌

Amgen,

Inc.

5‌

1,348‌

Biogen,

Inc.

(a)

6‌

1,404‌

Eli

Lilly

&

Co.

5‌

2,956‌

Intuitive

Surgical,

Inc.

(a)

15‌

4,663‌

Fisher

Investments

Institutional

Group

U.S.

Large

Cap

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

(continued)

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

98.51%

-

continued

Shares

Fair

Value

Health

Care

—

9.57%

-

continued

Johnson

&

Johnson

19‌

$

2,939‌

Medtronic

PLC

16‌

1,268‌

Merck

&

Co.,

Inc.

28‌

2,869‌

Pfizer,

Inc.

20‌

609‌

UnitedHealth

Group,

Inc.

4‌

2,212‌

Viatris,

Inc.

1‌

9‌

21,946‌

Industrials

—

10.10%

3M

Co.

7‌

693‌

Caterpillar,

Inc.

11‌

2,758‌

Cummins,

Inc.

10‌

2,242‌

Eaton

Corp.

PLC

11‌

2,505‌

Emerson

Electric

Co.

29‌

2,577‌

HEICO

Corp.

14‌

2,394‌

Norfolk

Southern

Corp.

11‌

2,400‌

Otis

Worldwide

Corp.

27‌

2,316‌

Rockwell

Automation,

Inc.

12‌

3,306‌

United

Parcel

Service,

Inc.,

Class

B

13‌

1,971‌

23,162‌

Materials

—

2.22%

Nucor

Corp.

30‌

5,099‌

Real

Estate

—

0.60%

Prologis,

Inc.

12‌

1,379‌

Technology

—

37.34%

Adobe,

Inc.

(a)

8‌

4,888‌

Advanced

Micro

Devices,

Inc.

(a)

34‌

4,119‌

Apple,

Inc.

93‌

17,666‌

Autodesk,

Inc.

(a)

10‌

2,184‌

Cisco

Systems,

Inc.

38‌

1,838‌

Intel

Corp.

41‌

1,833‌

Marvell

Technology,

Inc.

57‌

3,177‌

Microsoft

Corp.

42‌

15,915‌

MSCI,

Inc.

11‌

5,729‌

NVIDIA

Corp.

30‌

14,030‌

Oracle

Corp.

29‌

3,370‌

QUALCOMM,

Inc.

16‌

2,065‌

salesforce.com,

Inc.

(a)

26‌

6,550‌

Texas

Instruments,

Inc.

15‌

2,291‌

85,655‌

Total

Common

Stocks  (Cost $168,476)

225,968‌

Fisher

Investments

Institutional

Group

U.S.

Large

Cap

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

(continued)

November

30,

2023

(Unaudited)

MONEY

MARKET

FUNDS

—

6.66%

Shares

Fair

Value

First

American

Government

Obligations

Fund,

Class

X,

5.29%

(b)

15,277‌

$

15,277‌

Total

Money

Market

Funds

(Cost

$15,277)

15,277‌

Total

Investments

—

105.17%

(Cost

$183,753)

241,245‌

Liabilities

in

Excess

of

Other

Assets — (5.17)%

(11,859‌)

NET

ASSETS

—

100.00%

$

229,386‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

November

30,

2023.

Fisher

Investments

Institutional

Group

U.S.

Small

Cap

Equity

Fund

Schedule

of

Investments

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

98.71%

Shares

Fair

Value

Consumer

Discretionary

—

16.65%

Abercrombie

&

Fitch

Co.,

Class

A

(a)

56‌

$

4,250‌

Builders

FirstSource,

Inc.

(a)

55‌

7,375‌

Goodyear

Tire

&

Rubber

Co.

(The)

(a)

69‌

958‌

M.D.C.

Holdings,

Inc.

33‌

1,461‌

M/I

Homes,

Inc.

(a)

36‌

3,798‌

Papa

John's

International,

Inc.

30‌

1,957‌

Pool

Corp.

5‌

1,737‌

Shake

Shack,

Inc.,

Class

A

(a)

33‌

1,998‌

Six

Flags

Entertainment

Corp.

(a)

65‌

1,619‌

Taylor

Morrison

Home

Corp.

(a)

36‌

1,624‌

Thor

Industries,

Inc.

11‌

1,090‌

Upbound

Group,

Inc.

30‌

873‌

Urban

Outfitters,

Inc.

(a)

50‌

1,785‌

30,525‌

Consumer

Staples

—

2.67%

Boston

Beer

Co.,

Inc.

(The),

Class

A

(a)

5‌

1,774‌

Freshpet,

Inc.

(a)

44‌

3,122‌

4,896‌

Energy

—

6.77%

ChampionX

Corp.

132‌

3,870‌

Helmerich

&

Payne,

Inc.

12‌

435‌

Matador

Resources

Co.

31‌

1,794‌

Murphy

Oil

Corp.

40‌

1,711‌

Oceaneering

International,

Inc.

(a)

90‌

1,859‌

Ovintiv,

Inc.

62‌

2,750‌

12,419‌

Financials

—

14.33%

Cadence

Bank

117‌

2,931‌

Columbia

Banking

System,

Inc.

82‌

1,839‌

Evercore

Partners,

Inc.,

Class

A

20‌

2,951‌

First

Merchants

Corp.

90‌

2,760‌

Home

BancShares,

Inc.

76‌

1,686‌

Independent

Bank

Corp.

41‌

2,338‌

Moelis

&

Co.,

Class

A

40‌

1,898‌

Old

National

Bancorp

110‌

1,638‌

Piper

Sandler

Companies

19‌

2,940‌

South

State

Corp.

23‌

1,703‌

Stifel

Financial

Corp.

25‌

1,526‌

Victory

Capital

Holdings,

Inc.

34‌

1,093‌

Virtus

Investment

Partners,

Inc.

5‌

978‌

26,281‌

Health

Care

—

17.11%

Agios

Pharmaceuticals,

Inc.

(a)

37‌

823‌

Align

Technology,

Inc.

(a)

8‌

1,710‌

Alkermes

PLC

(a)

14‌

338‌

Fisher

Investments

Institutional

Group

U.S.

Small

Cap

Equity

Fund

Schedule

of

Investments

(continued)

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

98.71%

-

continued

Shares

Fair

Value

Health

Care

—

17.11%

-

continued

Avid

Bioservices,

Inc.

(a)

47‌

$

239‌

Azenta,

Inc.

(a)

26‌

1,466‌

BioCryst

Pharmaceuticals,

Inc.

(a)

74‌

435‌

Charles

River

Laboratories

International,

Inc.

(a)

5‌

985‌

CONMED

Corp.

54‌

5,792‌

Exact

Sciences

Corp.

(a)

13‌

832‌

Haemonetics

Corp.

(a)

27‌

2,183‌

Halozyme

Therapeutics,

Inc.

(a)

17‌

656‌

ImmunoGen,

Inc.

(a)

113‌

3,317‌

Ironwood

Pharmaceuticals,

Inc.

(a)

85‌

842‌

Ligand

Pharmaceuticals,

Inc.,

Class

B

(a)

13‌

758‌

Medpace

Holdings,

Inc.

(a)

11‌

2,978‌

Myriad

Genetics,

Inc.

(a)

40‌

764‌

Mural

Oncology

PLC

(a)

1

4

Neurocrine

Biosciences

Inc.

(a)

6‌

700‌

OmniAb,

Inc.

-

Earnout

Shares

(a)

4‌

—‌

OmniAb,

Inc.

-

Earnout

Shares

(a)

4‌

—‌

Shockwave

Medical,

Inc.

(a)

5‌

873‌

Vericel

Corp.

(a)

26‌

924‌

WillScot

Mobile

Mini

Holdings

Corp.

(a)

114‌

4,755‌

31,370‌

Industrials

—

15.15%

Cactus,

Inc.,

Class

A

84‌

3,569‌

Casella

Waste

Systems,

Inc.,

Class

A

(a)

33‌

2,669‌

Ceridian

HCM

Holding,

Inc.

(a)

16‌

1,102‌

Chart

Industries,

Inc.

(a)

18‌

2,341‌

Columbus

McKinnon

Corp.

69‌

2,409‌

H&E

Equipment

Services,

Inc.

58‌

2,570‌

HEICO

Corp.

6‌

1,026‌

Lincoln

Electric

Holdings,

Inc.

14‌

2,773‌

Mercury

Systems,

Inc.

(a)

32‌

1,097‌

Montrose

Environmental

Group

Inc.

(a)

51‌

1,595‌

Paycom

Software,

Inc.

6‌

1,090‌

Paylocity

Holdings

Corp.

(a)

27‌

4,230‌

Vicor

Corp.

(a)

36‌

1,317‌

27,788‌

Materials

—

5.29%

Alcoa

Corp.

56‌

1,504‌

Cleveland-Cliffs,

Inc.

(a)

87‌

1,493‌

Steel

Dynamics,

Inc.

17‌

2,025‌

UFP

Industries,

Inc.

27‌

2,960‌

Worthington

Industries,

Inc.

24‌

1,721‌

9,703‌

Real

Estate

—

0.96%

Macerich

Co.

(The)

153‌

1,755‌

Fisher

Investments

Institutional

Group

U.S.

Small

Cap

Equity

Fund

Schedule

of

Investments

(continued)

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

98.71%

-

continued

Shares

Fair

Value

Technology

—

19.78%

Advanced

Energy

Industries,

Inc.

47‌

$

4,468‌

Alarm.com

Holdings,

Inc.

(a)

34‌

1,852‌

Allscripts

Healthcare

Solutions,

Inc.

(a)

263‌

3,019‌

Alteryx,

Inc.,

Class

A

(a)

42‌

1,682‌

Amkor

Technology,

Inc.

59‌

1,662‌

Box,

Inc.,

Class

A

(a)

53‌

1,387‌

Cerence,

Inc.

(a)

32‌

553‌

Diodes,

Inc.

(a)

62‌

4,117‌

Donnelley

Financial

Solutions,

Inc.

(a)

38‌

2,243‌

Dropbox,

Inc.,

Class

A

(a)

51‌

1,437‌

Five9,

Inc.

(a)

19‌

1,448‌

Manhattan

Associates,

Inc.

(a)

7‌

1,561‌

Omnicell,

Inc.

(a)

21‌

701‌

Power

Integrations,

Inc.

20‌

1,528‌

Qualys,

Inc.

(a)

9‌

1,664‌

Silicon

Laboratories,

Inc.

(a)

13‌

1,370‌

SPS

Commerce,

Inc.

(a)

8‌

1,378‌

Synaptics,

Inc.

(a)

16‌

1,620‌

Tenable

Holdings,

Inc.

(a)

27‌

1,118‌

Ultra

Clean

Holdings,

Inc.

(a)

54‌

1,466‌

36,274‌

Total

Common

Stocks  (Cost $150,006)

181,015‌

MONEY

MARKET

FUNDS

—

8.06%

First

American

Government

Obligations

Fund,

Class

X,

5.29%

(b)

14,777‌

14,777‌

Total

Money

Market

Funds

(Cost

$14,777)

14,777‌

Total

Investments

—

106.77%

(Cost

$164,783)

195,792‌

Liabilities

in

Excess

of

Other

Assets — (6.77)%

(12,416‌)

NET

ASSETS

—

100.00%

$

183,376‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

November

30,

2023.

Fisher

Investments

Institutional

Group

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

99.28%

Shares

Fair

Value

Australia

—

0.71%

Materials

—

0.71%

BHP

Group

Ltd.

26‌

$

795‌

Rio

Tinto

Ltd.

10‌

826‌

1,621‌

Total  

Australia

1,621‌

Brazil

—

1.29%

Financials

—

1.04%

Banco

Bradesco

S.A.

-

ADR

357‌

1,189‌

Itau

Unibanco

Holding

SA

-

ADR

183‌

1,171‌

2,360‌

Materials

—

0.25%

Vale

SA

-

ADR

38‌

570‌

Total  

Brazil

2,930‌

Canada

—

1.83%

Industrials

—

0.73%

Canadian

Pacific

Kansas

City

Ltd.

23‌

1,656‌

Materials

—

1.10%

Hudbay

Minerals,

Inc.

232‌

1,056‌

Lundin

Mining

Corp.

208‌

1,441‌

2,497‌

Total  

Canada

4,153‌

China

—

0.95%

Communications

—

0.44%

Tencent

Holdings

Ltd.

24‌

999‌

Consumer

Discretionary

—

0.20%

Alibaba

Group

Holding

Ltd.

-

ADR

(a)

6‌

449‌

Health

Care

—

0.31%

Sino

Biopharmaceutical

Ltd.

-

ADR

75‌

710‌

Total  

China

2,158‌

France

—

3.70%

Consumer

Discretionary

—

1.37%

Kering

SA

-

ADR

72‌

3,097‌

Energy

—

0.78%

TotalEnergies

SE

26‌

1,762‌

Financials

—

0.64%

BNP

Paribas

SA

23‌

1,446‌

Technology

—

0.91%

Dassault

Systems

SE

44‌

2,058‌

Total  

France

8,363‌

Fisher

Investments

Institutional

Group

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

99.28%

-

continued

Shares

Fair

Value

Germany

—

3.84%

Consumer

Discretionary

—

2.16%

adidas

AG

12‌

$

2,509‌

Mercedes-Benz

Group

AG

28‌

1,816‌

Sixt

SE

6‌

596‌

4,921‌

Industrials

—

1.68%

MTU

Aero

Engines

AG

8‌

1,635‌

Siemens

AG

13‌

2,179‌

3,814‌

Total  

Germany

8,735‌

India

—

0.50%

Technology

—

0.50%

Infosys

Ltd.

-

ADR

65‌

1,141‌

Total  

India

1,141‌

Italy

—

1.39%

Energy

—

0.54%

Eni

SpA

75‌

1,238‌

Financials

—

0.85%

Intesa

Sanpaolo

SpA

672‌

1,932‌

Total  

Italy

3,170‌

Japan

—

2.65%

Industrials

—

2.65%

Daifuku

Co.

Ltd.

-

ADR

85‌

793‌

FANUC

Corp.

-

ADR

99‌

1,366‌

SMC

Corp.

-

ADR

98‌

2,472‌

Yaskawa

Electric

Corp.

-

ADR

18‌

1,373‌

6,004‌

Total  

Japan

6,004‌

Korea

(Republic

of)

—

1.84%

Technology

—

1.84%

Samsung

Electronics

Co.

Ltd.

-

GDR

3‌

4,173‌

Total  

Korea

(Republic

of)

4,173‌

Netherlands

—

2.96%

Financials

—

0.57%

ING

Groep

NV

93‌

1,303‌

Technology

—

2.39%

ASML

Holding

NV

8‌

5,424‌

Total  

Netherlands

6,727‌

Spain

—

1.90%

Financials

—

1.90%

Banco

Bilbao

Vizcaya

Argentaria

SA

250‌

2,314‌

Fisher

Investments

Institutional

Group

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

99.28%

-

continued

Shares

Fair

Value

Spain

—

1.90%

-

continued

Financials

—

1.90%

-

continued

Banco

Santander

SA

479‌

$

1,982‌

4,296‌

Total  

Spain

4,296‌

Switzerland

—

0.56%

Health

Care

—

0.56%

Novartis

AG

13‌

1,264‌

Total  

Switzerland

1,264‌

Taiwan

Province

of

China

—

2.91%

Technology

—

2.91%

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

-

ADR

68‌

6,617‌

Total  

Taiwan

Province

of

China

6,617‌

United

Kingdom

—

2.58%

Consumer

Staples

—

0.08%

Haleon

PLC

44‌

183‌

Energy

—

1.77%

BP

PLC

248‌

1,500‌

Shell

PLC

77‌

2,524‌

4,024‌

Health

Care

—

0.73%

AstraZeneca

PLC

8‌

1,023‌

GSK

PLC

35‌

627‌

1,650‌

Total  

United

Kingdom

5,857‌

United

States

—

69.67%

Communications

—

5.75%

Alphabet,

Inc.,

Class

A

(a)

53‌

7,024‌

Meta

Platforms,

Inc.,

Class

A

(a)

11‌

3,599‌

Netflix,

Inc.

(a)

4‌

1,896‌

Walt

Disney

Co.

(The)

(a)

6‌

556‌

13,075‌

Consumer

Discretionary

—

8.16%

Amazon.com,

Inc.

(a)

40‌

5,843‌

Autoliv,

Inc.

19‌

1,969‌

General

Motors

Co.

47‌

1,485‌

Home

Depot,

Inc.

(The)

8‌

2,507‌

Starbucks

Corp.

13‌

1,291‌

Toll

Brothers,

Inc.

38‌

3,264‌

Wynn

Resorts

Ltd.

26‌

2,195‌

18,554‌

Consumer

Staples

—

4.57%

Costco

Wholesale

Corp.

6‌

3,556‌

PepsiCo,

Inc.

13‌

2,188‌

Fisher

Investments

Institutional

Group

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

99.28%

-

continued

Shares

Fair

Value

United

States

—

69.67%

-

continued

Consumer

Staples

—

4.57%

-

continued

Procter

&

Gamble

Co.

(The)

17‌

$

2,610‌

Walmart,

Inc.

13‌

2,024‌

10,378‌

Energy

—

2.40%

Chevron

Corp.

15‌

2,154‌

Exxon

Mobil

Corp.

21‌

2,158‌

Marathon

Oil

Corp.

45‌

1,144‌

5,456‌

Financials

—

10.53%

American

Express

Co.

13‌

2,220‌

Bank

of

America

Corp.

67‌

2,043‌

BlackRock,

Inc.

4‌

3,005‌

Citigroup,

Inc.

42‌

1,936‌

Goldman

Sachs

Group,

Inc.

(The)

5‌

1,708‌

Invesco

Ltd.

52‌

742‌

Jefferies

Financial

Group,

Inc.

25‌

886‌

JPMorgan

Chase

&

Co.

14‌

2,185‌

MasterCard,

Inc.,

Class

A

5‌

2,069‌

Morgan

Stanley

29‌

2,301‌

Paycom

Software,

Inc.

7‌

1,272‌

T.

Rowe

Price

Group,

Inc.

10‌

1,001‌

Visa,

Inc.,

Class

A

10‌

2,567‌

23,935‌

Health

Care

—

9.42%

Abbott

Laboratories

9‌

939‌

Danaher

Corp.

5‌

1,117‌

Eli

Lilly

&

Co.

8‌

4,727‌

Exact

Sciences

Corp.

(a)

14‌

896‌

Intuitive

Surgical,

Inc.

(a)

9‌

2,797‌

Johnson

&

Johnson

13‌

2,011‌

Merck

&

Co.,

Inc.

21‌

2,152‌

PTC

Therapeutics,

Inc.

(a)

15‌

345‌

Sarepta

Therapeutics,

Inc.

(a)

5‌

406‌

Stryker

Corp.

6‌

1,778‌

Thermo

Fisher

Scientific,

Inc.

3‌

1,487‌

UnitedHealth

Group,

Inc.

5‌

2,765‌

21,420‌

Industrials

—

7.30%

A.O.

Smith

Corp.

23‌

1,733‌

AeroVironment,

Inc.

(a)

17‌

2,339‌

Boeing

Co.

(The)

(a)

10‌

2,316‌

Carrier

Global

Corp.

6‌

312‌

Cummins,

Inc.

8‌

1,793‌

Deere

&

Co.

4‌

1,458‌

IDEX

Corp.

7‌

1,412‌

Fisher

Investments

Institutional

Group

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

99.28%

-

continued

Shares

Fair

Value

United

States

—

69.67%

-

continued

Industrials

—

7.30%

-

continued

Lennox

International,

Inc.

7‌

$

2,847‌

Otis

Worldwide

Corp.

3‌

257‌

Raytheon

Technologies

Corp.

6‌

489‌

Rockwell

Automation,

Inc.

6‌

1,653‌

16,609‌

Materials

—

1.02%

Cleveland-Cliffs,

Inc.

(a)

69‌

1,184‌

Materion

Corp.

10‌

1,131‌

2,315‌

Technology

—

20.52%

Adobe,

Inc.

(a)

5‌

3,055‌

Advanced

Micro

Devices,

Inc.

(a)

29‌

3,514‌

Apple,

Inc.

55‌

10,447‌

Autodesk,

Inc.

(a)

7‌

1,529‌

Intuit,

Inc.

2‌

1,143‌

Microsoft

Corp.

27‌

10,230‌

NVIDIA

Corp.

21‌

9,823‌

Oracle

Corp.

22‌

2,557‌

salesforce.com,

Inc.

(a)

9‌

2,267‌

ServiceNow,

Inc.

(a)

3‌

2,057‌

46,622‌

Total  

United

States

158,364‌

Total

Common

Stocks—

99.28%

(Cost $168,670)

225,573‌

MONEY

MARKET

FUNDS

-

0.73%

First

American

Government

Obligations

Fund,

Class

X,

5.29%

(b)

1,669‌

1,669‌

Total

Money

Market

Funds

(Cost

$1,669)

1,669‌

Total

Investments

—

100.01%

(Cost

$170,339)

227,242‌

Liabilities

in

Excess

of

Other

Assets — (0.01)%

(12‌)

NET

ASSETS

—

100.00%

$

227,230‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

November

30,

2023.

ADR

-

American

Depositary

Receipt

GDR

-

Global

Depositary

Receipt

Fisher

Investments

Institutional

Group

ESG

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

98.56%

Shares

Fair

Value

Brazil

—

1.52%

Financials

—

1.52%

Banco

Bradesco

S.A.

-

ADR

521‌

$

1,735‌

Itau

Unibanco

Holding

SA

-

ADR

277‌

1,773‌

3,508‌

Total  

Brazil

3,508‌

Canada

—

0.61%

Materials

—

0.61%

Hudbay

Minerals

Inc.

158‌

717‌

Lundin

Mining

Corp.

100‌

693‌

1,410‌

Total  

Canada

1,410‌

China

—

0.84%

Communications

—

0.34%

Tencent

Holdings

Ltd.

19‌

791‌

Consumer

Discretionary

—

0.19%

Alibaba

Group

Holding

Ltd.

-

ADR

(a)

6‌

449‌

Health

Care

—

0.31%

Sino

Biopharmaceutical

Ltd.

-

ADR

76‌

719‌

Total  

China

1,959‌

Denmark

—

1.02%

Industrials

—

1.02%

Vestas

Wind

Systems

A/S

(a)

85‌

2,353‌

Total  

Denmark

2,353‌

France

—

3.34%

Consumer

Discretionary

—

1.34%

Kering

SA

-

ADR

72‌

3,096‌

Financials

—

1.01%

BNP

Paribas

SA

37‌

2,326‌

Technology

—

0.99%

Dassault

Systems

SE

49‌

2,291‌

Total  

France

7,713‌

Germany

—

3.63%

Consumer

Discretionary

—

2.54%

adidas

AG

13‌

2,719‌

Mercedes-Benz

Group

AG

39‌

2,529‌

Sixt

SE

6‌

596‌

5,844‌

Industrials

—

1.09%

Siemens

AG

15‌

2,514‌

Total  

Germany

8,358‌

Fisher

Investments

Institutional

Group

ESG

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

98.56%

-

continued

Shares

Fair

Value

India

—

0.36%

Technology

—

0.36%

Infosys

Ltd.

-

ADR

47‌

$

825‌

Total  

India

825‌

Italy

—

1.79%

Energy

—

0.88%

Eni

SpA

123‌

2,031‌

Financials

—

0.91%

Intesa

Sanpaolo

SpA

730‌

2,099‌

Total  

Italy

4,130‌

Japan

—

1.70%

Industrials

—

1.70%

Daifuku

Co.

Ltd.

-

ADR

64‌

597‌

FANUC

Corp.

-

ADR

92‌

1,270‌

Yaskawa

Electric

Corp.

-

ADR

27‌

2,059‌

3,926‌

Total  

Japan

3,926‌

Korea

(Republic

of)

—

1.21%

Technology

—

1.21%

Samsung

Electronics

Co.

Ltd.

-

GDR

2‌

2,782‌

Total  

Korea

(Republic

of)

2,782‌

Netherlands

—

2.35%

Technology

—

2.35%

ASML

Holding

NV

8‌

5,424‌

Total  

Netherlands

5,424‌

Norway

—

1.10%

Energy

—

1.10%

Equinor

ASA

79‌

2,541‌

Total  

Norway

2,541‌

Spain

—

1.89%

Financials

—

1.89%

Banco

Bilbao

Vizcaya

Argentaria

SA

266‌

2,463‌

Banco

Santander

SA

457‌

1,891‌

4,354‌

Total  

Spain

4,354‌

Switzerland

—

0.71%

Industrials

—

0.71%

ABB

Ltd.

41‌

1,625‌

Total  

Switzerland

1,625‌

Fisher

Investments

Institutional

Group

ESG

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

98.56%

-

continued

Shares

Fair

Value

Taiwan

Province

of

China

—

2.83%

Technology

—

2.83%

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

-

ADR

67‌

$

6,520‌

Total  

Taiwan

Province

of

China

6,520‌

United

Kingdom

—

4.95%

Consumer

Staples

—

0.54%

Unilever

PLC

26‌

1,237‌

Energy

—

2.40%

BP

PLC

479‌

2,896‌

Shell

PLC

81‌

2,617‌

5,513‌

Health

Care

—

0.55%

AstraZeneca

PLC

10‌

1,278‌

Materials

—

1.46%

Anglo

American

PLC

55‌

1,487‌

Antofagasta

PLC

105‌

1,867‌

3,354‌

Total  

United

Kingdom

11,382‌

United

States

—

68.71%

Communications

—

3.89%

Alphabet,

Inc.,

Class

A

(a)

49‌

6,494‌

Netflix,

Inc.

(a)

4‌

1,896‌

Walt

Disney

Co.

(The)

(a)

6‌

556‌

8,946‌

Consumer

Discretionary

—

7.03%

Amazon.com,

Inc.

(a)

39‌

5,698‌

Autoliv,

Inc.

21‌

2,176‌

General

Motors

Co.

58‌

1,833‌

Home

Depot,

Inc.

(The)

8‌

2,507‌

NIKE,

Inc.,

Class

B

8‌

882‌

Toll

Brothers,

Inc.

36‌

3,092‌

16,188‌

Consumer

Staples

—

4.12%

Costco

Wholesale

Corp.

5‌

2,964‌

PepsiCo,

Inc.

16‌

2,693‌

Procter

&

Gamble

Co.

(The)

20‌

3,070‌

Walmart,

Inc.

5‌

778‌

9,505‌

Energy

—

0.90%

Schlumberger

Ltd.

40‌

2,082‌

Financials

—

12.14%

American

Express

Co.

14‌

2,391‌

Bank

of

America

Corp.

68‌

2,073‌

BlackRock,

Inc.

4‌

3,005‌

Fisher

Investments

Institutional

Group

ESG

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

98.56%

-

continued

Shares

Fair

Value

United

States

—

68.71%

-

continued

Financials

—

12.14%

-

continued

Citigroup,

Inc.

61‌

$

2,812‌

Goldman

Sachs

Group,

Inc.

(The)

5‌

1,708‌

Invesco

Ltd.

124‌

1,769‌

Jefferies

Financial

Group,

Inc.

20‌

709‌

JPMorgan

Chase

&

Co.

14‌

2,185‌

MasterCard,

Inc.,

Class

A

7‌

2,897‌

Morgan

Stanley

26‌

2,062‌

Paycom

Software,

Inc.

6‌

1,090‌

T.

Rowe

Price

Group,

Inc.

14‌

1,402‌

Visa,

Inc.,

Class

A

15‌

3,850‌

27,953‌

Health

Care

—

11.77%

Abbott

Laboratories

9‌

939‌

Danaher

Corp.

5‌

1,117‌

Eli

Lilly

&

Co.

12‌

7,093‌

Exact

Sciences

Corp.

(a)

17‌

1,088‌

Intuitive

Surgical,

Inc.

(a)

9‌

2,797‌

Johnson

&

Johnson

16‌

2,475‌

Merck

&

Co.,

Inc.

25‌

2,562‌

PTC

Therapeutics,

Inc.

(a)

14‌

322‌

Sarepta

Therapeutics,

Inc.

(a)

5‌

406‌

Stryker

Corp.

6‌

1,778‌

Thermo

Fisher

Scientific,

Inc.

4‌

1,983‌

UnitedHealth

Group,

Inc.

5‌

2,765‌

Vertex

Pharmaceuticals,

Inc.

(a)

5‌

1,774‌

27,099‌

Industrials

—

8.18%

A.O.

Smith

Corp.

29‌

2,185‌

Cummins,

Inc.

10‌

2,242‌

Deere

&

Co.

5‌

1,822‌

HEICO

Corp.

15‌

2,565‌

Lennox

International,

Inc.

9‌

3,661‌

Rockwell

Automation,

Inc.

9‌

2,479‌

Union

Pacific

Corp.

7‌

1,577‌

Xylem,

Inc.

22‌

2,312‌

18,843‌

Technology

—

20.68%

Adobe,

Inc.

(a)

5‌

3,056‌

Advanced

Micro

Devices,

Inc.

(a)

31‌

3,756‌

Apple,

Inc.

53‌

10,067‌

Autodesk,

Inc.

(a)

8‌

1,747‌

Intuit,

Inc.

2‌

1,143‌

Microsoft

Corp.

28‌

10,610‌

NVIDIA

Corp.

23‌

10,757‌

Oracle

Corp.

21‌

2,440‌

Fisher

Investments

Institutional

Group

ESG

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2023

(Unaudited)

COMMON

STOCKS

—

98.56%

-

continued

Shares

Fair

Value

United

States

—

68.71%

-

continued

Technology

—

20.68%

-

continued

salesforce.com,

Inc.

(a)

8‌

$

2,015‌

ServiceNow,

Inc.

(a)

3‌

2,057‌

47,648‌

Total  

United

States

158,264‌

Total

Common

Stocks—

98.56%

(Cost $168,503)

227,074‌

PREFERRED

STOCKS

—

0.81%

Shares

Fair

Value

Australia

—

0.81%

Materials

—

0.81%

Fortescue

Metals

Group

Ltd.

113‌

1,866‌

Total

Australia

1,866‌

Total

Preferred

Stocks—

0.81%

(Cost $1,554)

1,866‌

MONEY

MARKET

FUNDS

-

0.71%

First

American

Government

Obligations

Fund,

Class

X,

5.29%

(b)

1,637‌

1,637‌

Total

Money

Market

Funds

(Cost

$1,637)

1,637‌

Total

Investments

—

100.08%

(Cost

$171,694)

230,577‌

Liabilities

in

Excess

of

Other

Assets — (0.08)%

(185‌)

NET

ASSETS

—

100.00%

$

230,392‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

November

30,

2023.

ADR

-

American

Depositary

Receipt

GDR

-

Global

Depositary

Receipt

Fisher

Investments

Institutional

Group

Fixed

Income

Fund

for

Retirement

Plans

Schedule

of

Investments

November

30,

2023

(Unaudited)

CORPORATE

BONDS

—

32.98%

Principal

Amount

Fair

Value

Communications

—

3.34%

Comcast

Corp.,

3.55%,

5/1/2028

$

100,000‌

$

94,622‌

Consumer

Staples

—

3.71%

Procter

&

Gamble

Co.

(The),

5.50%,

2/1/2034

100,000‌

104,880‌

Financials

—

6.72%

BlackRock,

Inc.,

3.25%,

4/30/2029

100,000‌

93,312‌

JPMorgan

Chase

&

Co.,

4.13%,

12/15/2026

100,000‌

96,790‌

190,102‌

Health

Care

—

2.39%

Bristol-Myers

Squibb

Co.,

4.55%,

2/20/2048

78,000‌

67,707‌

Industrials

—

2.76%

Southwest

Airlines

Co.,

7.38%,

3/1/2027

75,000‌

77,998‌

Real

Estate

—

4.30%

Omega

Healthcare

Investors,

Inc.,

3.38%,

2/1/2031

150,000‌

121,722‌

Technology

—

9.76%

Fiserv

Inc,

5.38%,

8/21/2028

100,000‌

100,922‌

International

Business

Machines

Corp.,

4.25%,

5/15/2049

100,000‌

82,352‌

Oracle

Corp.,

3.25%,

11/15/2027

100,000‌

93,264‌

276,538‌

Total

Corporate

Bonds

(Cost $1,065,962)

933,569‌

U.S.

GOVERNMENT

&

AGENCIES

—

34.13%

United

States

Treasury

Note,

1.50

%

,

9/30/2024

109,700‌

106,366‌

United

States

Treasury

Note,

1.50

%

,

2/15/2025

254,000‌

243,453‌

United

States

Treasury

Note,

2.63

%

,

2/15/2029

301,100‌

276,941‌

United

States

Treasury

Note,

4.50

%

,

2/15/2036

334,000‌

339,453‌

Total

U.S.

Government

&

Agencies

(Cost $1,108,380)

966,213‌

EXCHANGE-TRADED

FUNDS

—

31.55%

Shares

Fair

Value

iShares

Broad

USD

High

Yield

Corporate

Bond

ETF

11,815‌

420,496‌

iShares

MBS

ETF

5,201‌

472,511‌

Total

Exchange-Traded

Funds

(Cost $986,641)

893,007‌

MONEY

MARKET

FUNDS

-

0.68%

First

American

Government

Obligations

Fund,

Class

X,

5.29%

(a)

19,300‌

19,300‌

Total

Money

Market

Funds

(Cost

$19,300)

19,300‌

Total

Investments

—

99.34%

(Cost

$3,180,283)

2,812,089‌

Other

Assets

in

Excess

of

Liabilities — 0.66%

18,567‌

NET

ASSETS

—

100.00%

$

2,830,656‌

(a)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

November

30,

2023.

Fisher

Investments

Institutional

Group

Fixed

Income

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2023

(Unaudited)

Fisher

Investments

Institutional

Group

ESG

Fixed

Income

Fund

for

Retirement

Plans

Schedule

of

Investments

November

30,

2023

(Unaudited)

CORPORATE

BONDS

—

28.94%

Principal

Amount

Fair

Value

Communications

—

3.37%

Comcast

Corp.,

3.55%,

5/1/2028

$

100,000‌

$

94,622‌

Consumer

Staples

—

3.74%

Procter

&

Gamble

Co.

(The),

5.50%,

2/1/2034

100,000‌

104,880‌

Financials

—

6.77%

BlackRock,

Inc.,

3.25%,

4/30/2029

100,000‌

93,312‌

JPMorgan

Chase

&

Co.,

4.13%,

12/15/2026

100,000‌

96,790‌

190,102‌

Health

Care

—

2.41%

Bristol-Myers

Squibb

Co.,

4.55%,

2/20/2048

78,000‌

67,707‌

Industrials

—

2.78%

Southwest

Airlines

Co.,

7.38%,

3/1/2027

75,000‌

77,998‌

Real

Estate

—

3.61%

Omega

Healthcare

Investors,

Inc.,

3.38%,

2/1/2031

125,000‌

101,435‌

Technology

—

6.26%

International

Business

Machines

Corp.,

4.25%,

5/15/2049

100,000‌

82,352‌

Oracle

Corp.,

3.25%,

11/15/2027

100,000‌

93,265‌

175,617‌

Total

Corporate

Bonds

(Cost $946,444)

812,361‌

U.S.

GOVERNMENT

&

AGENCIES

—

35.92%

United

States

Treasury

Note,

1.50

%

,

9/30/2024

109,900‌

106,560‌

United

States

Treasury

Note,

1.50

%

,

2/15/2025

311,000‌

298,086‌

United

States

Treasury

Note,

2.63

%

,

2/15/2029

286,700‌

263,697‌

United

States

Treasury

Note,

4.50

%

,

2/15/2036

335,000‌

340,470‌

Total

U.S.

Government

&

Agencies

(Cost $1,149,087)

1,008,813‌

EXCHANGE-TRADED

FUNDS

—

32.01%

Shares

Fair

Value

iShares

MBS

ETF

5,156‌

468,423‌

Nuveen

ESG

High

Yield

Corporate

Bond

ETF

20,911‌

430,248‌

Total

Exchange-Traded

Funds

(Cost $1,006,044)

898,671‌

MONEY

MARKET

FUNDS

-

2.52%

First

American

Government

Obligations

Fund,

Class

X,

5.29%

(a)

70,690‌

70,690‌

Total

Money

Market

Funds

(Cost

$70,690)

70,690‌

Total

Investments

—

99.39%

(Cost

$3,172,265)

2,790,535‌

Other

Assets

in

Excess

of

Liabilities — 0.61%

16,987‌

NET

ASSETS

—

100.00%

$

2,807,522‌

(a)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

November

30,

2023.

Fisher

Investments

Institutional

Group

ESG

Fixed

Income

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2023

(Unaudited)

Tactical

Multi-Purpose

Fund

Schedule

of

Investments

November

30,

2023

(Unaudited)

U.S.

GOVERNMENT

&

AGENCIES

—

54.75%

Principal

Amount

Fair

Value

United

States

Treasury

Bill,

5.50

%

,

12/12/2023

$

14,000‌

$

13,978‌

Total

U.S.

Government

&

Agencies

(Cost $13,982)

13,978‌

MONEY

MARKET

FUNDS

-

72.38%

Shares

Fair

Value

First

American

Government

Obligations

Fund,

Class

X,

5.29%

(a)

18,478‌

18,478‌

Total

Money

Market

Funds

(Cost

$18,478)

18,478‌

Total

Investments

—

127.13%

(Cost

$32,460)

32,456‌

Liabilities

in

Excess

of

Other

Assets — (27.13)%

(6,926‌)

NET

ASSETS

—

100.00%

$

25,530‌

(a)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

November

30,

2023.