| Fairway Private Equity & Venture Capital Opportunities Fund |
| PORTFOLIO OF INVESTMENTS (Unaudited) |
| December 31, 2024 |
| Shares | | | | | | | | | % of Net Assets | | Fair Value |
| | | DIRECT INVESTMENTS - 17.2% | | | | | | | | |
| | | Homebrew SL Fund, LLC(a)(b)(c) | | | | | | 1.4% | | $250,000 |
| | | MXV SPV Master LP 1(a)(b)(c) | | | | | | | 8.0% | | 1,494,000 |
| | | MXV SPV Master LP 2(a)(b)(c) | | | | | | | 6.4% | | 1,195,000 |
| | | MXV SPV Master LP 4(a)(b)(c) | | | | | | | 1.4% | | 250,000 |
| | | TOTAL DIRECT INVESTMENTS (Cost - $2,536,014) | | | | 17.2% | | $3,189,000 |
| | | | | | | | | | | | |
| | | PORTFOLIO FUNDS(e) - 82.8% | | | | | | | | |
| | | Adams Street Private Credit Fund II-B LP(a)(b)(c) | | | | | | 8.5% | | $1,584,344 |
| | | Bain Capital Ventures 2022 Fund, LP(a)(b)(c) | | | | | | 7.2% | | 1,333,569 |
| | | Battery Ventures XIV, LP(a)(b)(c) | | | | | | 5.6% | | 1,042,660 |
| | | CRV Select Fund II, LP(a)(b)(c) | | | | | | | 3.5% | | 643,163 |
| | | CRV XIX, LP(a)(b)(c) | | | | | | | 3.4% | | 626,584 |
| | | Green Equity Investors IX, LP(a)(b)(c) | | | | | | 6.8% | | 1,253,695 |
| | | Kelso Investment Associates XI, LP(a)(b)(c) | | | | | | 5.0% | | 929,469 |
| | | Mango Capital Opportunities 2022 LP(a)(b)(c) | | | | | | 4.8% | | 892,250 |
| | | NextView All Access Fund I, LP(a)(b)(c) | | | | | | 1.4% | | 263,321 |
| | | Nextview Ventures V, LP(a)(b)(c) | | | | | | 1.8% | | 343,048 |
| | | Primary Select Fund III, LP(a)(b)(c) | | | | | | 1.3% | | 241,943 |
| | | PVP Fund IV, LP(a)(b)(c) | | | | | | | 1.4% | | 266,058 |
| | | Thoma Bravo Fund XV-A, LP(a)(b)(c) | | | | | | 16.5% | | 3,062,268 |
| | | Threshold Ventures IV, LP(a)(b)(c) | | | | | | 2.9% | | 537,353 |
| | | Threshold Ventures Select I, LP(a)(b)(c) | | | | | | 4.1% | | 764,396 |
| | | Work-Bench Ventures Select Fund, LP(a)(b)(c) | | | | | | 3.0% | | 563,089 |
| | | WP DVT, LP(a)(b)(c) | | | | | | | 5.6% | | 1,038,288 |
| | | TOTAL PORTFOLIO FUNDS (Cost - $14,044,583) | | | | 82.8% | | $15,385,498 |
| | | | | | | | | | | | |
| | | SHORT-TERM INVESTMENT - 5.8% | | | | | | | | |
| | | MONEY MARKET FUND - 5.8% | | | | | | | | |
| 1,077,959 | | Morgan Stanley Institutional Liquidity Fund - Government Fund - Institutional Class, 4.43% | | 5.8% | | $1,077,959 |
| | | TOTAL SHORT-TERM INVESTMENT (Cost - $1,077,959) | | | | 5.8% | | $1,077,959 |
| | | | | | | | | | | | |
| | | TOTAL INVESTMENTS - 105.8% (Cost - $17,658,556) | | | | 105.8% | | $19,652,457 |
| | | LIABILITIES IN EXCESS OF OTHER ASSETS - (5.8)% | | | | | | (1,070,481) |
| | | NET ASSETS - 100.0% | | | | | | | | | $18,581,976 |
| | | | | | | | | | | | |
| | | | | | | | | | | | |
| LP - Limited Partnership | | | | | | | | | |
| (a) Non-income producing security. | | | | | | | | | |
| (b) Illiquid security. The total fair value of these securities as of December 31, 2024 was $18,574,498, which represents 100.0% of total net assets. |
| (c) The value of this investment has been determined in good faith under policies adopted by the Board of Trustees. | | | |
| (d) Money market fund; interest rate reflects seven-day effective yield on December 31, 2024. | | | | | | |
