Summitry
Equity
Fund
Schedule
of
Investments
April
30,
2022
-
(Unaudited)
COMMON
STOCKS
—
97.93%
Shares
Fair
Value
Communications
—
19.11%
Alphabet,
Inc.,
Class
A
(a)
2,018
$
4,605,459
Meta
Platforms,
Inc.,
Class
A
(a)
17,010
3,409,995
Netflix,
Inc.
(a)
7,352
1,399,527
Walt
Disney
Co.
(The)
(a)
22,250
2,483,767
11,898,748
Consumer
Discretionary
—
23.26%
Booking
Holdings,
Inc.
(a)
549
1,213,460
CarMax,
Inc.
(a)
19,140
1,641,829
Dollar
General
Corp.
6,844
1,625,655
Lowe's
Cos.,
Inc.
15,270
3,019,337
Ross
Stores,
Inc.
33,360
3,328,328
Starbucks
Corp.
16,231
1,211,482
Ulta
Beauty,
Inc.
(a)
6,156
2,442,701
14,482,792
Financials
—
10.14%
Berkshire
Hathaway,
Inc.,
Class
B
(a)
9,778
3,156,632
Charles
Schwab
Corp.
(The)
23,800
1,578,654
Wells
Fargo
&
Co.
36,142
1,576,875
6,312,161
Health
Care
—
5.15%
Agilent
Technologies,
Inc.
13,234
1,578,419
Medtronic
PLC
15,630
1,631,147
3,209,566
Industrials
—
6.03%
Northrop
Grumman
Corp.
5,235
2,300,259
W.W.
Grainger,
Inc.
2,905
1,452,587
3,752,846
Technology
—
34.24%
Fiserv,
Inc.
(a)
33,915
3,320,957
Mastercard,
Inc.,
Class
A
8,760
3,183,209
Microsoft
Corp.
11,600
3,219,232
Nintendo
Co.
Ltd.
-
ADR
34,035
1,939,314
salesforce.com,
Inc.
(a)
9,555
1,681,107
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.
-
ADR
25,312��
2,352,244
Visa,
Inc.,
Class
A
16,395
3,494,267
Zebra
Technologies
Corp.,
Class
A
(a)
5,779
2,136,265
21,326,595
Total
Common
Stocks
(Cost $43,834,973)
60,982,708
MONEY
MARKET
FUNDS
-
2.13%
Fidelity
Investments
Money
Market
Government
Portfolio,
Institutional
Class,
0.20%
(b)
1,327,899
1,327,899
Total
Money
Market
Funds
(Cost
$1,327,899)
1,327,899
Summitry
Equity
Fund
Schedule
of
Investments
(continued)
April
30,
2022
-
(Unaudited)
Total
Investments
—
100.06%
(Cost
$45,162,872)
$
62,310,607
Liabilities
in
Excess
of
Other
Assets — (0.06)%
(35,301)
NET
ASSETS
—
100.00%
$
62,275,306
(a)
Non-income
producing
security.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
April
30,
2022.
ADR
-
American
Depositary
Receipt