Total Fund Solution NPORT-P Cromwell Greenspring Mid Cap Fund (Sep 2024 report)

Cromwell Greenspring Mid Cap Fund
Schedule of Investments
September 30, 2024 (Unaudited)
COMMON STOCKS - 95.4%	Shares		Value
Aerospace & Defense - 0.1%
Cadre Holdings, Inc.		4,474	$	169,788
Air Freight & Logistics - 0.7%
United Parcel Service, Inc. - Class B		6,445		878,711
Banks - 5.5%
OceanFirst Financial Corp.		30,012		557,923
Primis Financial Corp.		248,663		3,028,715
Shore Bancshares, Inc.		124,014		1,734,956
WSFS Financial Corp.		32,805		1,672,727
				6,994,321
Beverages - 3.9%
Keurig Dr Pepper, Inc.		3,050		114,314
Primo Water Corp. (a)		189,582		4,786,946
				4,901,260
Broadline Retail - 0.6%
Amazon.com, Inc. (a)		3,755		699,669
Building Products - 5.2%
Advanced Drainage Systems, Inc.		7,316		1,149,783
Johnson Controls International PLC		70,071		5,438,210
				6,587,993
Chemicals - 5.7%
DuPont de Nemours, Inc.		47,262		4,211,517
Minerals Technologies, Inc.		30,438		2,350,727
The Sherwin-Williams Co.		1,629		621,740
				7,183,984
Commercial Services & Supplies - 9.1%
Republic Services, Inc.		57,057		11,459,328
Construction & Engineering - 12.4%
EMCOR Group, Inc.		26,051		11,215,737
MYR Group, Inc. (a)		43,482		4,445,165
				15,660,902
Consumer Staples Distribution & Retail - 1.3%
Dollar General Corp.		1,291		109,180
US Foods Holding Corp. (a)		24,486		1,505,889
				1,615,069
Electric Utilities - 1.2%
NextEra Energy, Inc.		17,728		1,498,548
Electrical Equipment - 4.5%
Emerson Electric Co.		14,105		1,542,664
NEXTracker, Inc. - Class A (a)		48,915		1,833,334
nVent Electric PLC		20,000		1,405,200
Shoals Technologies Group, Inc. - Class A (a)		148,890		835,273
				5,616,471
Electronic Equipment, Instruments & Components - 1.6%
Flex Ltd. (a)		61,989		2,072,292
Financial Services - 1.0%
Cannae Holdings, Inc.		30,599		583,217
Visa, Inc. - Class A		2,414		663,729
				1,246,946
Food Products - 0.9%
Darling Ingredients, Inc. (a)		29,676		1,102,760
Health Care Equipment & Supplies - 4.2%
Abbott Laboratories		9,105		1,038,061
Medtronic PLC		20,922		1,883,607
STERIS PLC		598		145,039
Teleflex, Inc.		1,899		469,661
Zimmer Biomet Holdings, Inc.		15,946		1,721,371
				5,257,739
Hotels, Restaurants & Leisure - 2.1%
Wyndham Hotels & Resorts, Inc.		34,688		2,710,520
Insurance - 4.2%
Chubb Ltd.		4,352		1,255,073
W.R. Berkley Corp.		71,415		4,051,373
				5,306,446
Interactive Media & Services - 4.3%
Alphabet, Inc. - Class C		15,670		2,619,867
Ziff Davis, Inc. (a)		57,042		2,775,664
				5,395,531
IT Services - 2.5%
Akamai Technologies, Inc. (a)		12,931		1,305,384
Amdocs Ltd.		20,718		1,812,411
				3,117,795
Oil, Gas & Consumable Fuels - 2.7%
EOG Resources, Inc.		25,226		3,101,032
Phillips 66		2,813		369,769
				3,470,801
Personal Care Products - 1.9%
Kenvue, Inc.		102,927		2,380,702
Pharmaceuticals - 0.4%
Johnson & Johnson		2,789		451,985
Professional Services - 12.7%
Alight, Inc. - Class A (a)		370,446		2,741,301
Dun & Bradstreet Holdings, Inc.		201,663		2,321,141
KBR, Inc.		167,616		10,916,830
				15,979,272
Software - 1.1%
Blackbaud, Inc. (a)		16,583		1,404,249
Technology Hardware, Storage & Peripherals - 0.2%
Pure Storage, Inc. - Class A (a)		6,195		311,237
Textiles, Apparel & Luxury Goods - 1.8%
Levi Strauss & Co. - Class A		103,241		2,250,654
Trading Companies & Distributors - 1.4%
Rush Enterprises, Inc. - Class A		17,839		942,434
Rush Enterprises, Inc. - Class B		17,328		830,878
				1,773,312
Wireless Telecommunication Services - 2.2%
T-Mobile US, Inc.		13,439		2,773,272
TOTAL COMMON STOCKS (Cost $57,885,308)				120,271,557
REAL ESTATE INVESTMENT TRUSTS - 1.3%	Shares		Value
Residential Real Estate Investment Trusts - 1.3%
American Homes 4 Rent - Class A		42,695		1,639,061
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $1,149,578)				1,639,061
EXCHANGE TRADED FUNDS - 0.7%	Shares		Value
Invesco Solar ETF		19,285		831,376
TOTAL EXCHANGE TRADED FUNDS (Cost $643,584)				831,376
TOTAL INVESTMENTS - 97.4% (Cost $59,678,470)				122,741,994
Other Assets in Excess of Liabilities - 2.6%				3,316,924
TOTAL NET ASSETS - 100.0%			$	126,058,918
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard ("GICS®") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor’s 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.

PLC - Public Limited Company

(a) Non-income producing security.

Summary of Fair Value Disclosure as of September 30, 2024 (Unaudited)

Cromwell Greenspring Mid Cap Fund has adopted authoritative 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 of 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. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

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 following is a summary of the fair valuation hierarchy of the Fund’s securities as of September 30, 2024:

	Level 1		Level 2		Level 3		Total
Investments:
Common Stocks	$	120,271,557	$	–	$	–	$	120,271,557
Real Estate Investment Trusts		1,639,061		–		–		1,639,061
Exchange Traded Funds		831,376		–		–		831,376
Total Investments	$	122,741,994	$	–	$	–	$	122,741,994
Refer to the Schedule of Investments for further disaggregation of investment categories.