Summitry
Equity
Fund
Schedule
of
Investments
October
31,
2023
(Unaudited)
COMMON
STOCKS
—
99.19%
Shares
Fair
Value
Communications
—
19.44%
Alphabet,
Inc.,
Class
A
(a)
25,559
$
3,171,361
Meta
Platforms,
Inc.,
Class
A
(a)
9,037
2,722,577
Netflix,
Inc.
(a)
3,402
1,400,569
Universal
Music
Group
NV
-
ADR
151,840
1,850,930
Walt
Disney
Co.
(The)
(a)
27,550
2,247,804
11,393,241
Consumer
Discretionary
—
23.84%
Amazon.com,
Inc.
(a)
25,021
3,330,045
CarMax,
Inc.
(a)
35,318
2,157,577
Lowe's
Companies,
Inc.
11,159
2,126,571
Ross
Stores,
Inc.
16,006
1,856,216
Starbucks
Corp.
16,445
1,516,887
Ulta
Beauty,
Inc.
(a)
7,814
2,979,555
13,966,851
Financials
—
14.90%
Berkshire
Hathaway,
Inc.,
Class
B
(a)
9,778
3,337,525
Charles
Schwab
Corp.
(The)
39,800
2,071,192
Moody's
Corp.
6,127
1,887,116
Wells
Fargo
&
Co.
36,142
1,437,367
8,733,200
Health
Care
—
5.61%
Agilent
Technologies,
Inc.
21,129
2,184,105
Medtronic
PLC
15,630
1,102,853
3,286,958
Industrials
—
2.16%
W.W.
Grainger,
Inc.
1,735
1,266,255
Technology
—
33.24%
Fiserv,
Inc.
(a)
25,737
2,927,583
Mastercard
,
Inc.,
Class
A
7,019
2,641,601
Microsoft
Corp.
6,800
2,299,148
Nintendo
Co.
Ltd.
-
ADR
170,175
1,756,206
Salesforce.com,
Inc.
(a)
9,555
1,918,931
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.
-
ADR
34,117
2,944,638
Visa,
Inc.,
Class
A
13,207
3,104,966
Zebra
Technologies
Corp.,
Class
A
(a)
8,960
1,876,493
19,469,566
Total
Common
Stocks
(Cost $45,775,214)
58,116,071
MONEY
MARKET
FUNDS
-
0.85%
Fidelity
Investments
Money
Market
Government
Portfolio,
Institutional
Class,
5.28%
(b)
500,679
500,679
Total
Money
Market
Funds
(Cost
$500,679)
500,679
Total
Investments
—
100.04%
(Cost
$46,275,893)
58,616,750
Summitry
Equity
Fund
Schedule
of
Investments
(continued)
October
31,
2023
(Unaudited)
Liabilities
in
Excess
of
Other
Assets — (0.04)%
$
(23,799)
NET
ASSETS
—
100.00%
$
58,592,951
(a)
Non-income
producing
security.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
October
31,
2023.
ADR
-
American
Depositary
Receipt