Prospector Opportunity Fund (POPFX) NPORT-P Prospector Capital Appreciation Fund (Sep 2020 report)

Schedule of Investments September 30, 2020 (unaudited)

Prospector Capital Appreciation Fund

Description	Shares		Value
COMMON STOCKS - 74.2%
Banks - 4.6%
Comerica		6,400	$	244,800
First Horizon National		17,950		169,268
Kearny Financial		21,200		152,852
KeyCorp		20,550		245,162
PNC Financial Services Group		2,150		236,307
				1,048,389
Consumer Discretionary - 0.8%
Darden Restaurants		1,850		186,369
Consumer Staples - 13.5%
Campbell Soup		3,650		176,551
Church & Dwight		2,450		229,590
Coca-Cola		11,365		561,090
Colgate-Palmolive		4,320		333,288
JM Smucker		2,620		302,662
Mondelez International, Class A		7,540		433,173
Nestle		4,710		559,135
Swedish Match		1,150		94,097
Tootsie Roll Industries		5,916		182,804
Walgreens Boots Alliance		6,580		236,354
				3,108,744
Energy - 1.9%
Hess		4,700		192,371
Parsley Energy		25,250		236,340
				428,711
Healthcare - 7.0%
Abbott Laboratories		5,760		626,861
AstraZeneca - ADR		4,410		241,668
Haemonetics *		1,600		139,600
Merck & Co.		7,350		609,682
				1,617,811
Industrials - 7.6%
Eaton		6,020		614,221
Pentair		9,350		427,949
Raytheon Technologies		4,150		238,791
Regal Beloit		3,300		309,771
Robert Half International		2,850		150,879
				1,741,611
Information Technology - 8.9%
FARO Technologies *		5,710		348,196
FLIR Systems		11,910		426,973
Leidos Holdings		2,750		245,163
Microsoft		1,600		336,528
Oracle		5,230		312,231
Paychex		3,600		287,172
Science Applications International		1,100		86,262
				2,042,525
Insurance Brokers - 5.5%
Arthur J. Gallagher & Co.		3,750		395,925
Brown & Brown		19,030		861,488
				1,257,413
Life & Health Insurance - 4.4%
Aflac		11,730		426,385
Globe Life		3,090		246,891
Voya Financial		7,200		345,096
				1,018,372
Materials - 2.3%
Domtar		5,091		133,741
Louisiana-Pacific		13,320		393,073
				526,814
Property & Casualty Insurance - 9.8%
Berkshire Hathaway, Class B *		3,060		651,597
First American Financial		4,475		227,822
Hanover Insurance Group		3,960		368,993
Lancashire Holdings		36,800		328,597
Mercury General		7,800		322,686
Selective Insurance Group		7,070		364,034
				2,263,729
Real Estate - 2.4%
Four Corners Property Trust		11,848		303,190
Howard Hughes *		4,150		239,040
				542,230
Reinsurance - 5.5%
Alleghany		468		243,570
Everest Re Group		550		108,647
RenaissanceRe Holdings		5,374		912,183
				1,264,400
Total Common Stocks
(Cost $13,541,193)				17,047,118
CONVERTIBLE BONDS - 19.9%		Par
Communication Services - 2.7%
Liberty Media
2.125%, 03/31/2048 (a)	$	636,300		623,192
Consumer Discretionary - 1.2%
Booking Holdings
0.900%, 09/15/2021		253,000		269,218
Healthcare - 2.5%
Ligand Pharmaceuticals
0.750%, 05/15/2023		631,000		569,065
Industrials - 5.3%
Chart Industries
1.000%, 11/15/2024 (a)		363,000		503,109
Kaman
3.250%, 05/01/2024		724,000		711,860
				1,214,969
Information Technology - 8.2%
Akamai Technologies
0.125%, 05/01/2025		435,000		559,354
Palo Alto Networks
0.750%, 07/01/2023		592,000		667,357
Verint Systems
1.500%, 06/01/2021		651,000		657,510
				1,884,221
Total Convertible Bonds
(Cost $4,244,418)				4,560,665
EXCHANGE TRADED FUND - 1.0%		Shares
Aberdeen Standard Physical Platinum Shares Fund *
(Cost $222,984)		2,600		218,374
SHORT-TERM INVESTMENT - 4.9%
First American Treasury Obligations Fund, 0.056%^
(Cost $1,124,432)		1,124,432		1,124,432
Total Investments - 100.0%
(Cost $19,133,027)				22,950,589
Other Assets and Liabilities, Net - 0.0%				11,857
Total Net Assets - 100.0%			$	22,962,446

* Non-income producing security

(a) Security purchased within the terms of a private placement memorandum, except from registration under Rule 144A of the Securities Act 0f 1933, as amended, and may be sold only to dealers in that program or other "qualified institutional buyers." As of September 30, 2020, the value of this investment was $1,126,301 or 4.9% of total net assets.

^ The rate shown is the seven-day yield effective September 30, 2020.

Summary of Fair Value Exposure

The Fund has adopted 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 in 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:

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 inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

As of September 30, 2020, the Fund's investments in securities were classified as follows:

	Level 1		Level 2		Level 3		Total
Common Stocks	$	17,047,118	$	-	$	-	$	17,047,118
Convertible Bonds				4,560,665		-		4,560,665
Short-Term Investment		1,124,432				-		1,124,432
Exchange Traded Fund		218,374				-		218,374
Total Investments	$	18,389,924	$	4,560,665	$	-	$	22,950,589

Refer to each Fund's Schedule of Investments for further sector breakout.