Prospector Opportunity Fund (POPFX) NPORT-P Prospector Capital Appreciation Fund (Sep 2023 report)

Schedule of Investments September 30, 2023 (unaudited)

Prospector Capital Appreciation Fund

Description	Shares		Value
COMMON STOCKS - 71.7%
Banks - 2.6%
Ameris Bancorp		5,352	$	205,463
Banc of California		10,925		135,251
First Bancorp		16,495		222,023
SouthState		3,050		205,448
				768,185
Communication Services - 1.7%
Alphabet, Inc. - Class A *		3,850		503,811
Consumer Discretionary - 2.3%
Darden Restaurants		2,120		303,626
Expedia Group *		2,423		249,739
Texas Roadhouse		1,225		117,723
				671,088
Consumer Staples - 6.7%
Church & Dwight		3,550		325,287
Colgate-Palmolive		7,995		568,524
Hostess Brands *		6,425		214,017
Mondelez International, Class A		8,295		575,673
Nestle		2,260		256,134
				1,939,635
Diversified Financial Services - 3.0%
Berkshire Hathaway, Class B *		945		331,033
Federated Hermes, Class B		5,800		196,446
Fidelity National Information Services		6,525		360,637
				888,116
Energy - 4.9%
Hess		5,270		806,310
Pioneer Natural Resources		2,755		632,410
				1,438,720
Healthcare - 7.9%
Abbott Laboratories		3,380		327,353
AstraZeneca - ADR		4,410		298,645
Dentsply Sirona		11,440		390,790
Merck & Co.		7,265		747,932
Pfizer		16,040		532,047
				2,296,767
Industrials - 13.6%
Curtiss-Wright		3,475		679,814
Eaton		4,895		1,044,006
Leidos Holdings		7,275		670,464
Paychex		2,270		261,799
Pentair		8,515		551,346
Raytheon Technologies		4,990		359,130
Sensata Technologies Holding		10,880		411,482
				3,978,041

Description	Shares		Value
Information Technology - 3.6%
Microsoft		1,100		347,325
Trimble *		9,135		492,011
Zebra Technologies - Class A *		905		214,060
				1,053,396
Insurance Brokers - 5.4%
Arthur J. Gallagher & Co.		3,350		763,566
Brown & Brown		11,580		808,747
				1,572,313
Life & Health Insurance - 3.5%
Globe Life		6,970		757,848
Voya Financial		4,050		269,123
				1,026,971
Materials - 3.0%
Axalta Coating Systems *		16,005		430,535
Louisiana-Pacific		3,320		183,496
PPG Industries		1,888		245,062
				859,093
Property & Casualty Insurance - 8.7%
Fairfax Financial Holdings		770		630,591
Fidelis Insurance Holdings *		19,507		286,363
Markel *		257		378,430
Progressive		2,215		308,549
W.R. Berkley		7,375		468,239
White Mountains Insurance Group		311		465,160
				2,537,332
Real Estate - 2.0%
Four Corners Property Trust		12,370		274,490
Howard Hughes Holdings *		4,036		299,189
				573,679
Reinsurance - 2.8%
Everest Re Group		1,615		600,247
RenaissanceRe Holdings		1,089		215,535
				815,782
Total Common Stocks
(Cost $14,745,364)				20,922,929
CONVERTIBLE BONDS - 19.4%		Par
Healthcare - 6.5%
BioMarin Pharmaceutical
0.599%, 08/01/2024	$	823,000		798,310
Integra LifeSciences Holdings
0.500%, 08/15/2025		751,000		684,912
NuVasive
0.375%, 03/15/2025		445,000		409,845
				1,893,067

Description	Shares		Value
Industrials - 0.7%
Chart Industries
1.000%, 11/15/2024		72,000		209,088
Information Technology - 10.4%
Akamai Technologies
0.375%, 09/01/2027		826,000		860,279
Dropbox#
0.000%, 03/01/2028		750,000		710,250
Verint Systems
0.250%, 04/15/2026		827,000		706,051
Vishay Intertechnology
2.250%, 06/15/2025		747,000		750,287
				3,026,867
Real Estate - 1.8%
Zillow Group
2.750%, 05/15/2025		521,000		534,807
Total Convertible Bonds
(Cost $5,617,696)				5,663,829
EXCHANGE TRADED FUND - 0.9%		Shares
Aberdeen Standard Physical Platinum Shares Fund *
(Cost $270,828)		3,030		253,369
SHORT-TERM INVESTMENT - 5.7%
First American Treasury Obligations Fund, Class X, 5.267%^
(Cost $1,654,062)		1,654,062		1,654,062
Total Investments - 97.7%
(Cost $22,287,950)				28,494,189
Other Assets and Liabilities, Net - 2.3%				677,883
Total Net Assets - 100.0%			$	29,172,072

* Non-income producing security

^ The rate shown is the seven-day yield effective September 30, 2023.

# Zero coupon bonds make no periodic interest payments, but are issued at discounts from par value.

ADR - American Depositary Receipt

The industry classifications included in the Schedule of Investments are in accordance with the Global Industry Classification Standard (GICS ®) and were developed by and/or are the exclusive property of MSCI, Inc. (MSCI) and Standard & Poor Financial Services LLC (S&P).  GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

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, 2023, the Fund's investments in securities were classified as follows:

	Level 1		Level 2		Level 3		Total
Common Stocks	$	20,922,929	$	-	$	-	$	20,922,929
Convertible Bond		-		5,663,829		-		5,663,829
Exchange Traded Fund		253,369		-		-		253,369
Short-Term Investment		1,654,062		-		-		1,654,062
Total Investments	$	22,830,360	$	5,663,829	$	-	$	28,494,189

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