Centre Funds NPORT-P Centre American Select Equity Fund (Jun 2023 report)

CENTRE AMERICAN SELECT EQUITY FUND

SCHEDULE OF INVESTMENTS

June 30, 2023 (Unaudited)

	Shares		Value
COMMON STOCKS (99.75%)
Communication Services (5.43%)
Interactive Media & Services (5.43%)
Alphabet, Inc., Class A(a)		67,890	$	8,126,433
Alphabet, Inc., Class C(a)		59,396		7,185,134
Meta Platforms, Inc., Class A(a)		25,368		7,280,109
				22,591,676
Total Communication Services				22,591,676
Consumer Discretionary (13.22%)
Automobiles (1.98%)
Tesla, Inc.(a)		31,441		8,230,311
Broadline Retail (7.58%)
Amazon.com, Inc.(a)		189,278		24,674,280
MercadoLibre, Inc.(a)		5,829		6,905,033
				31,579,313
Hotels, Restaurants & Leisure (2.82%)
McDonald's Corp.		8,597		2,565,431
Starbucks Corp.		92,565		9,169,489
				11,734,920
Specialty Retail (0.84%)
The Home Depot, Inc.		11,310		3,513,338
Total Consumer Discretionary				55,057,882
Consumer Staples (19.45%)
Beverages (5.47%)
Boston Beer Co., Inc., Class A(a)		22,333		6,888,391
Coca-Cola Co.		43,892		2,643,176
Molson Coors Beverage Co., Class B		158,092		10,408,777
PepsiCo, Inc.		15,321		2,837,756
				22,778,100
Consumer Staples Distribution & Retail (1.27%)
Costco Wholesale Corp.		4,979		2,680,594
Wal-Mart Stores, Inc.		16,427		2,581,996
				5,262,590
Food Products (4.29%)
Ingredion, Inc.		98,060		10,389,457
Kraft Heinz Co.		210,641		7,477,755
				17,867,212
Household Products (5.62%)
Clorox Co.		74,464		11,842,755
Kimberly-Clark Corp.		54,006		7,456,068
Procter & Gamble Co.		27,103		4,112,609
				23,411,432
Tobacco (2.80%)
Altria Group, Inc.		257,403		11,660,356
Total Consumer Staples				80,979,690
Energy (8.48%)
Energy Equipment & Services (1.85%)
Schlumberger Ltd.		156,624		7,693,371

	Shares		Value
Energy (continued)
Oil, Gas & Consumable Fuels (6.63%)
Chevron Corp.	20,321	$	3,197,509
Exxon Mobil Corp.	46,954		5,035,817
Kinder Morgan, Inc.	351,945		6,060,493
ONEOK, Inc.	110,211		6,802,223
The Williams Cos., Inc.	199,986		6,525,543
			27,621,585
Total Energy			35,314,956
Financials (6.49%)
Banks (1.15%)
JPMorgan Chase & Co.	32,806		4,771,305
Financial Services (5.34%)
Berkshire Hathaway, Inc., Class B(a)	20,424		6,964,584
Mastercard, Inc., Class A	9,580		3,767,814
PayPal Holdings, Inc.(a)	107,707		7,187,288
Visa, Inc., Class A	18,178		4,316,911
			22,236,597
Total Financials			27,007,902
Health Care (13.42%)
Biotechnology (2.95%)
AbbVie, Inc.	20,103		2,708,477
Biogen, Inc.(a)	33,619		9,576,372
			12,284,849
Health Care Equipment & Supplies (5.67%)
Medtronic PLC	137,757		12,136,392
Zimmer Biomet Holdings, Inc.	78,918		11,490,461
			23,626,853
Health Care Providers & Services (1.25%)
UnitedHealth Group, Inc.	10,842		5,211,099
Pharmaceuticals (3.55%)
Eli Lilly & Co.	9,003		4,222,227
Johnson & Johnson	29,808		4,933,820
Merck & Co., Inc.	28,375		3,274,191
Pfizer, Inc.	63,697		2,336,406
			14,766,644
Total Health Care			55,889,445
Industrials (5.90%)
Aerospace & Defense (1.96%)
Hexcel Corp.	107,050		8,137,941
Machinery (2.04%)
Flowserve Corp.	228,874		8,502,669
Marine Transportation (1.90%)
Kirby Corp.(a)	102,928		7,920,310
Total Industrials			24,560,920
Information Technology (25.71%)
Communications Equipment (2.43%)
Cisco Systems, Inc.	46,505		2,406,169
Juniper Networks, Inc.	246,685		7,728,641
			10,134,810

	Shares		Value
Information Technology (continued)
IT Services (1.82%)
International Business Machines Corp.	56,604	$	7,574,181
Semiconductors & Semiconductor Equipment (3.79%)
Broadcom, Inc.	4,525		3,925,121
NVIDIA Corp.	28,032		11,858,096
			15,783,217
Software (9.91%)
Adobe Systems, Inc.(a)	5,181		2,533,457
Intuit, Inc.	16,996		7,787,397
Microsoft Corp.	83,763		28,524,652
salesforce.com, Inc.(a)	11,542		2,438,363
			41,283,869
Technology Hardware, Storage & Peripherals (7.76%)
Apple, Inc.	166,516		32,299,109
Total Information Technology			107,075,186
Materials (1.65%)
Chemicals (1.65%)
Corteva, Inc.	119,717		6,859,784
Total Materials			6,859,784
TOTAL COMMON STOCKS
(Cost $336,301,635)			415,337,441

Expiration Date	Exercise Price		Contracts		Notional Value		Value
PURCHASED OPTIONS (0.07%)
Puts
S&P 500® Index:
9/14/2023	$	3,200		884	$	393,413,592		298,350
Total Puts								298,350
TOTAL PURCHASED OPTIONS
(Cost $3,844,619)								298,350

	7-Day Yield		Shares		Value
SHORT TERM INVESTMENTS (0.06%)
Money Market Fund (0.06%)
First American Treasury Obligation	2.980	%	256,661		256,661
TOTAL SHORT TERM INVESTMENTS
(Cost $256,661)					256,661
TOTAL INVESTMENTS (99.88%)
(Cost $340,402,915)				$	415,892,452
Other Assets In Excess Of Liabilities (0.12%)					494,229
NET ASSETS (100.00%)				$	416,386,681

^(a) Non-income producing security.

See Notes to Quarterly Schedule of Investments.

CENTRE GLOBAL INFRASTRUCTURE FUND

SCHEDULE OF INVESTMENTS

June 30, 2023 (Unaudited)

	Shares		Value
COMMON STOCKS (99.73%)
ASIA (15.01%)
Australia (2.51%)
Transportation Infrastructure (2.51%)
Transurban Group		81,440	$	773,082
Total Australia				773,082
Hong Kong (1.29%)
Electric Utilities (1.29%)
CK Infrastructure Holdings, Ltd.		75,000		396,727
Total Hong Kong				396,727
Japan (8.85%)
Diversified Telecommunication Services (1.46%)
Nippon Telegraph & Telephone Corp.		380,000		449,010
Gas Utilities (1.88%)
Tokyo Gas Co., Ltd.		26,600		579,395
Wireless Telecommunication Services (5.51%)
KDDI Corp.		20,800		641,464
SoftBank Corp.		34,600		369,271
SoftBank Group Corp.		14,700		689,997
				1,700,732
Total Japan				2,729,137
New Zealand (1.77%)
Electric Utilities (1.77%)
Mercury NZ, Ltd.		136,731		545,427
Total New Zealand				545,427
Singapore (0.59%)
Diversified Telecommunications (0.59%)
Singapore Telecommunications, Ltd.		99,400		183,747
Total Singapore				183,747
TOTAL ASIA
(Cost $4,392,209)				4,628,120
EUROPE (15.86%)
France (1.66%)
Diversified Telecommunication Services (0.93%)
Orange SA		24,449		285,517
Multi-Utilities (0.73%)
Engie SA		13,635		226,570
Total France				512,087

	Shares		Value
Germany (3.62%)
Diversified Telecommunication Services (2.93%)
Deutsche Telekom AG		41,457	$	903,674
Multi-Utilities (0.69%)
E.ON SE		16,712		212,999
Total Germany				1,116,673
Great Britain (2.15%)
Multi-Utilities (1.09%)
National Grid PLC		25,528		337,337
Wireless Telecommunication Services (1.06%)
Vodafone Group PLC		346,043		325,080
Total Great Britain				662,417
Italy (3.08%)
Electric Utilities (3.08%)
Enel SpA		141,146		949,989
Total Italy				949,989
Spain (4.69%)
Diversified Telecommunication Services (1.73%)
Cellnex Telecom SA(a)(b)		7,028		283,675
Telefonica SA		61,801		250,598
				534,273
Electric Utilities (1.98%)
Iberdrola SA		46,814		610,448
Transportation Infrastructure (0.98%)
Aena SME SA(a)(b)		1,871		302,163
Total Spain				1,446,884
Switzerland (0.66%)
Diversified Telecommunication Services (0.66%)
Swisscom AG		329		205,034
Total Switzerland				205,034
TOTAL EUROPE
(Cost $4,362,867)				4,893,084
NORTH AMERICA (68.86%)
Canada (11.85%)
Oil, Gas & Consumable Fuels (11.26%)
Enbridge, Inc.		51,608		1,918,232
Pembina Pipeline Corp.		15,348		482,540
TC Energy Corp.		26,515		1,071,608
				3,472,380
Wireless Telecommunication Services (0.59%)
Rogers Communications, Inc., Class B		3,986		181,856
Total Canada				3,654,236

	Shares		Value
United States (57.01%)
Diversified Telecommunication Services (10.87%)
AT&T, Inc.		89,037	$	1,420,140
Verizon Communications, Inc.		51,995		1,933,694
				3,353,834
Electric Utilities (11.93%)
American Electric Power Co., Inc.		3,825		322,065
Constellation Energy Corp.		2,339		214,135
Duke Energy Corp.		5,874		527,133
Edison International		2,497		173,417
Exelon Corp.		7,357		299,724
NextEra Energy, Inc.		15,248		1,131,402
PG&E Corp.(c)		11,247		194,348
The Southern Co.		8,010		562,702
Xcel Energy, Inc.		4,081		253,716
				3,678,642
Health Care Providers & Services (6.11%)
HCA Healthcare, Inc.		5,386		1,634,543
Universal Health Services, Inc., Class B		1,589		250,697
				1,885,240
Machinery (1.83%)
Flowserve Corp.		15,228		565,720
Marine Transportation (1.59%)
Kirby Corp.(c)		6,381		491,018
Multi-Utilities (4.44%)
Consolidated Edison, Inc.		2,620		236,848
Dominion Energy, Inc.		6,212		321,719
Public Service Enterprise Group, Inc.		3,862		241,800
Sempra Energy		2,478		360,772
WEC Energy Group, Inc.		2,346		207,011
				1,368,150
Oil, Gas & Consumable Fuels (16.09%)
Cheniere Energy, Inc.		5,927		903,038
Kinder Morgan, Inc.		72,920		1,255,682
ONEOK, Inc.		16,574		1,022,947
Targa Resources Corp.		5,459		415,430
The Williams Cos., Inc.		41,881		1,366,577
				4,963,674
Water Utilities (0.59%)
American Water Works Co., Inc.		1,264		180,436
Wireless Telecommunication Services (3.56%)
T-Mobile US, Inc.(c)		7,916		1,099,533
Total United States				17,586,247
TOTAL NORTH AMERICA
(Cost $18,548,939)				21,240,483
TOTAL COMMON STOCKS
(Cost $27,304,015)				30,761,687

	7-Day Yield			Shares		Value
SHORT TERM INVESTMENTS (0.14%)
Money Market Fund (0.14%)
First American Treasury Obligation		2.980	%		43,450	$	43,450
TOTAL SHORT TERM INVESTMENTS
(Cost $43,450)							43,450

		Value
TOTAL INVESTMENTS (99.87%)
(Cost $27,347,465)	$	30,805,137
Other Assets In Excess Of Liabilities (0.13%)		39,203
NET ASSETS (100.00%)	$	30,844,340

(a)	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be resold in transactions exempt from registration only to qualified institutional buyers.  As of June 30, 2023, these securities had a total aggregate market value of $585,838, representing 1.90% of net assets.
(b)	Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside the United States from registration.  Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to Securities Act of 1933, or pursuant to an exemption from registration.  These securities have been deemed liquid under guidelines approved by the Fund's Board of Trustees.  At period end, the aggregate market value of those securities was $585,838, representing 1.90% of net assets.
(c)	Non-income producing security.

See Notes to Quarterly Schedule of Investments.

Centre American Select Equity Fund
Investments in Securities at Value(a)	Level 1 - Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Common Stocks	$	415,337,441	$	–	$	–	$	415,337,441
Purchased Options		298,350		–		–		298,350
Short Term Investments		256,661		–		–		256,661
Total	$	415,892,452	$	–	$	–	$	415,892,452

Centre Global Infrastructure Fund
Investments in Securities at Value(a)	Level 1 - Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Common Stocks	$	30,761,687	$	–	$	–	$	30,761,687
Short Term Investments		43,450		–		–		43,450
Total	$	30,805,137	$	–	$	–	$	30,805,137

^(a) For detailed descriptions of sectors, industries and countries, see the accompanying Schedule of Investments.