HVIA EQUITY FUND | ||||
SCHEDULE OF INVESTMENTS | ||||
May 31, 2024 (Unaudited) | ||||
COMMON STOCKS - 95.7% | Shares | Value | ||
Communications - 2.9% | ||||
Internet Media & Services - 2.9% | ||||
Alphabet, Inc. - Class C (a) | 9,720 | $ 1,690,891 | ||
Consumer Discretionary - 11.8% | ||||
E-Commerce Discretionary - 3.3% | ||||
Amazon.com, Inc. (a) | 11,000 | 1,940,840 | ||
Home Construction - 2.0% | ||||
Lennar Corporation - Class A | 7,300 | 1,170,555 | ||
Leisure Facilities & Services - 4.8% | ||||
Chipotle Mexican Grill, Inc. (a) | 590 | 1,846,417 | ||
Starbucks Corporation | 12,170 | 976,277 | ||
2,822,694 | ||||
Retail - Discretionary - 1.7% | ||||
AutoZone, Inc. (a) | 365 | 1,011,028 | ||
Consumer Staples - 2.6% | ||||
Beverages - 0.5% | ||||
PepsiCo, Inc. | 1,580 | 273,182 | ||
Food - 0.9% | ||||
Mondelez International, Inc. - Class A | 7,810 | 535,219 | ||
Retail - Consumer Staples - 1.2% | ||||
Dollar General Corporation | 5,300 | 725,623 | ||
Energy - 6.4% | ||||
Oil & Gas Producers - 1.9% | ||||
Exxon Mobil Corporation | 9,520 | 1,116,315 | ||
Oil & Gas Services & Equipment - 4.5% | ||||
Baker Hughes Company | 43,390 | 1,452,697 | ||
Schlumberger Ltd. | 25,110 | 1,152,298 | ||
2,604,995 |
HVIA EQUITY FUND | ||||
SCHEDULE OF INVESTMENTS (Continued) | ||||
COMMON STOCKS - 95.7% (Continued) | Shares | Value | ||
Financials - 12.8% | ||||
Asset Management - 1.9% | ||||
Blue Owl Capital, Inc. | 32,000 | $ 575,680 | ||
Charles Schwab Corporation (The) | 7,500 | 549,600 | ||
1,125,280 | ||||
Banking - 2.1% | ||||
JPMorgan Chase & Company | 6,180 | 1,252,254 | ||
Institutional Financial Services - 2.8% | ||||
Goldman Sachs Group, Inc. (The) | 1,200 | 547,824 | ||
Morgan Stanley | 10,980 | 1,074,283 | ||
1,622,107 | ||||
Insurance - 2.7% | ||||
Marsh & McLennan Companies, Inc. | 7,604 | 1,578,438 | ||
Specialty Finance - 3.3% | ||||
American Express Company | 8,010 | 1,922,400 | ||
Health Care - 9.8% | ||||
Biotech & Pharma - 4.8% | ||||
AbbVie, Inc. | 4,550 | 733,642 | ||
Eli Lilly & Company | 2,230 | 1,829,358 | ||
Pfizer, Inc. | 8,750 | 250,775 | ||
2,813,775 | ||||
Health Care Facilities & Services - 1.0% | ||||
UnitedHealth Group, Inc. | 1,115 | 552,338 | ||
Medical Equipment & Devices - 4.0% | ||||
Danaher Corporation | 4,980 | 1,278,864 | ||
Illumina, Inc. (a) | 3,505 | 365,501 | ||
Thermo Fisher Scientific, Inc. | 1,250 | 709,975 | ||
2,354,340 | ||||
Industrials - 12.7% | ||||
Electrical Equipment - 1.0% | ||||
Generac Holdings, Inc. (a) | 4,000 | 588,840 | ||
HVIA EQUITY FUND | ||||
SCHEDULE OF INVESTMENTS (Continued) | ||||
COMMON STOCKS - 95.7% (Continued) | Shares | Value | ||
Industrials - 12.7% (Continued) | ||||
Engineering & Construction - 1.8% | ||||
Fluor Corporation (a) | 24,830 | $ 1,077,622 | ||
Industrial Intermediate Products - 2.2% | ||||
Chart Industries, Inc. (a) | 8,300 | 1,303,349 | ||
Industrial Support Services - 4.2% | ||||
Grainger (W.W.), Inc. | 1,300 | 1,197,898 | ||
United Rentals, Inc. | 1,870 | 1,251,797 | ||
2,449,695 | ||||
Machinery - 1.7% | ||||
Lincoln Electric Holdings, Inc. | 5,180 | 1,017,145 | ||
Transportation & Logistics - 1.8% | ||||
CSX Corporation | 30,718 | 1,036,732 | ||
Materials - 2.6% | ||||
Chemicals - 0.8% | ||||
Sherwin-Williams Company (The) | 1,620 | 492,156 | ||
Steel - 1.8% | ||||
Nucor Corporation | 6,170 | 1,041,805 | ||
Real Estate - 2.5% | ||||
REITs - 2.5% | ||||
Prologis, Inc. | 6,943 | 767,132 | ||
Weyerhaeuser Company | 22,320 | 670,270 | ||
1,437,402 | ||||
Technology - 31.2% | ||||
Semiconductors - 16.3% | ||||
Advanced Micro Devices, Inc. (a) | 13,510 | 2,254,819 | ||
KLA Corporation | 3,710 | 2,817,857 | ||
NVIDIA Corporation | 4,110 | 4,505,916 | ||
9,578,592 | ||||
Software - 7.7% | ||||
Adobe, Inc. (a) | 2,200 | 978,472 |
HVIA EQUITY FUND | ||||
SCHEDULE OF INVESTMENTS (Continued) | ||||
COMMON STOCKS - 95.7% (Continued) | Shares | Value | ||
Technology - 31.2% (Continued) | ||||
Software - 7.7% (Continued) | ||||
Microsoft Corporation | 5,700 | $ 2,366,241 | ||
Salesforce, Inc. | 5,020 | 1,176,889 | ||
4,521,602 | ||||
Technology Hardware - 4.7% | ||||
Apple, Inc. | 7,250 | 1,393,812 | ||
Ciena Corporation (a) | 10,900 | 525,053 | ||
Cisco Systems, Inc. | 18,260 | 849,090 | ||
2,767,955 | ||||
Technology Services - 2.5% | ||||
Visa, Inc. - Class A | 5,330 | 1,452,212 | ||
Utilities - 0.4% | ||||
Electric Utilities - 0.4% | ||||
AES Corporation (The) | 11,390 | 245,910 | ||
Total Common Stocks (Cost $33,470,422) | $ 56,123,291 | |||
MONEY MARKET FUNDS - 4.2% | Shares | Value | ||
First American Government Obligations Fund - Class X, 5.24% (b) (Cost $2,484,822) | 2,484,822 | $ 2,484,822 | ||
Investments at Value - 99.9% (Cost $35,955,244) | $ 58,608,113 | |||
Other Assets in Excess of Liabilities - 0.1% | 29,382 | |||
Net Assets - 100.0% | $ 58,637,495 | |||
(a) | Non-income producing security. |
(b) | The rate shown is the 7-day effective yield as of May 31, 2024. |