| NAA LARGE CORE FUND |
| SCHEDULE OF INVESTMENTS (Unaudited) |
| December 31, 2024 |
| Shares | Fair Value | |||||||
| COMMON STOCKS — 99.3% | ||||||||
| Communications - 10.0% | ||||||||
| 41,887 | Alphabet, Inc., Class A | $ | 7,929,209 | |||||
| 12,804 | Alphabet, Inc., Class C | 2,438,394 | ||||||
| 843 | Booking Holdings, Inc. | 4,188,378 | ||||||
| 4,544 | GoDaddy, Inc., Class A(a) | 896,849 | ||||||
| 11,250 | Meta Platforms, Inc. | 6,586,988 | ||||||
| 6,269 | Omnicom Group, Inc. | 539,385 | ||||||
| 15,221 | T-Mobile US, Inc. | 3,359,731 | ||||||
| 25,938,934 | ||||||||
| Consumer Discretionary - 10.9% | ||||||||
| 49,003 | Amazon.com, Inc.(a) | 10,750,768 | ||||||
| 3,781 | Darden Restaurants, Inc. | 705,875 | ||||||
| 15,722 | eBay, Inc. (a) | 973,978 | ||||||
| 33,583 | General Motors Company | 1,788,966 | ||||||
| 8,246 | Lennar Corporation, Class A | 1,124,507 | ||||||
| 3,727 | Live Nation Entertainment, Inc.(a) | 482,647 | ||||||
| 11,960 | MGM Resorts International(a) | 414,414 | ||||||
| 95 | NVR, Inc.(a) | 776,996 | ||||||
| 1,894 | O’Reilly Automotive, Inc.(a) | 2,245,905 | ||||||
| 7,378 | PulteGroup, Inc. | 803,464 | ||||||
| 15,141 | Ross Stores, Inc. | 2,290,379 | ||||||
| 14,535 | Tesla, Inc.(a) | 5,869,814 | ||||||
| 28,227,713 | ||||||||
| Consumer Staples - 5.2% | ||||||||
| 52,814 | Altria Group, Inc. | 2,761,644 | ||||||
| 7,961 | Church & Dwight Company, Inc. | 833,596 | ||||||
| 56,706 | Coca-Cola Co. (The) | 3,530,516 | ||||||
| 26,983 | Colgate-Palmolive Company | 2,453,025 | ||||||
| 4,221 | Costco Wholesale Corp. | 3,867,575 | ||||||
| 13,446,356 | ||||||||
| Energy - 3.7% | ||||||||
| 31,059 | Baker Hughes, a GE Company | 1,274,040 | ||||||
| 6,112 | Diamondback Energy, Inc. | 1,001,329 | ||||||
| 31,782 | Exxon Mobil Corporation | 3,418,790 | ||||||
| 28,507 | Halliburton Company | 775,105 | ||||||
| NAA LARGE CORE FUND |
| SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
| December 31, 2024 |
| Shares | Fair Value | |||||||
| COMMON STOCKS — 99.3% (Continued) | ||||||||
| Energy - 3.7% (Continued) | ||||||||
| 8,997 | Hess Corporation | $ | 1,196,691 | |||||
| 46,833 | Schlumberger Ltd. | 1,795,577 | ||||||
| 9,461,532 | ||||||||
| Financials - 10.8% | ||||||||
| 13,726 | American Express Co. | 4,073,739 | ||||||
| 3,154 | Ameriprise Financial, Inc. | 1,679,285 | ||||||
| 12,195 | Arch Capital Group Ltd. (a) | 1,126,208 | ||||||
| 87,777 | Bank of America Corporation | 3,857,799 | ||||||
| 9,829 | Berkshire Hathaway, Inc., Class B(a) | 4,455,289 | ||||||
| 12,244 | Chubb Ltd. | 3,383,017 | ||||||
| 7,699 | Discover Financial Services | 1,333,698 | ||||||
| 919 | Everest Re Group Ltd. | 333,101 | ||||||
| 21,027 | Fifth Third Bancorp | 889,022 | ||||||
| 23,418 | Franklin Resources, Inc. | 475,151 | ||||||
| 16,775 | JPMorgan Chase & Co. | 4,021,136 | ||||||
| 5,395 | Raymond James Financial, Inc. | 838,005 | ||||||
| 12,506 | Synchrony Financial | 812,890 | ||||||
| 9,985 | W.R. Berkley Corporation | 584,322 | ||||||
| 27,862,662 | ||||||||
| Health Care - 10.0% | ||||||||
| 63,596 | Bristol-Myers Squibb Company | 3,596,990 | ||||||
| 16,643 | Cardinal Health, Inc. | 1,968,368 | ||||||
| 16,677 | Centene Corporation(a) | 1,010,293 | ||||||
| 3,122 | DaVita, Inc.(a) | 466,895 | ||||||
| 4,165 | Eli Lilly & Co. | 3,215,380 | ||||||
| 38,756 | Gilead Sciences, Inc. | 3,579,893 | ||||||
| 6,722 | HCA Healthcare, Inc. | 2,017,608 | ||||||
| 35,884 | Merck & Company, Inc. | 3,569,740 | ||||||
| 3,495 | Regeneron Pharmaceuticals, Inc.(a) | 2,489,593 | ||||||
| 6,644 | UnitedHealth Group, Inc. | 3,360,933 | ||||||
| 2,767 | Universal Health Services, Inc., Class B | 496,455 | ||||||
| 25,772,148 | ||||||||
| Industrials - 8.0% | ||||||||
| 9,641 | Caterpillar, Inc. | 3,497,369 | ||||||
| NAA LARGE CORE FUND |
| SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
| December 31, 2024 |
| Shares | Fair Value | |||||||
| COMMON STOCKS — 99.3% (Continued) | ||||||||
| Industrials - 8.0% (Continued) | ||||||||
| 10,981 | Cintas Corp. | $ | 2,006,229 | |||||
| 4,346 | Cummins, Inc. | 1,515,016 | ||||||
| 8,072 | Deere & Company | 3,420,106 | ||||||
| 19,849 | Delta Air Lines, Inc. | 1,200,865 | ||||||
| 3,081 | Jacobs Solutions, Inc. | 411,683 | ||||||
| 16,952 | PACCAR, Inc. | 1,763,347 | ||||||
| 12,120 | Rollins, Inc. | 561,762 | ||||||
| 14,910 | Southwest Airlines Company | 501,274 | ||||||
| 1,839 | TransDigm Group, Inc. (a) | 2,330,528 | ||||||
| 10,032 | United Airlines Holdings, Inc.(a) | 974,107 | ||||||
| 2,153 | United Rentals, Inc. (a) | 1,516,659 | ||||||
| 5,497 | Westinghouse Air Brake Technologies Corporation | 1,042,176 | ||||||
| 20,741,121 | ||||||||
| Materials - 2.0% | ||||||||
| 5,765 | Albemarle Corp. | 496,251 | ||||||
| 8,210 | Ecolab, Inc. | 1,923,767 | ||||||
| 43,272 | Newmont Corporation | 1,610,584 | ||||||
| 4,192 | Vulcan Materials Company | 1,078,308 | ||||||
| 5,108,910 | ||||||||
| Real Estate - 2.1% | ||||||||
| 15,408 | American Tower Corp. REIT | 2,825,981 | ||||||
| 6,639 | Extra Space Storage, Inc. REIT | 993,194 | ||||||
| 9,794 | Simon Property Group, Inc. REIT | 1,686,625 | ||||||
| 5,505,800 | ||||||||
| Technology - 34.6% | ||||||||
| 2,956 | Akamai Technologies, Inc.(a) | 282,741 | ||||||
| 76,557 | Apple, Inc. | 19,171,404 | ||||||
| 25,277 | Broadcom, Inc. | 5,860,220 | ||||||
| 66,969 | Cisco Systems, Inc. | 3,964,565 | ||||||
| 13,534 | CoStar Group, Inc.(a) | 968,899 | ||||||
| 767 | Fair Isaac Corporation(a) | 1,527,043 | ||||||
| 4,843 | Garmin Ltd. | 998,917 | ||||||
| 2,500 | Gartner, Inc.(a) | 1,211,175 | ||||||
| 7,384 | Gen Digital, Inc. | 202,174 | ||||||
| NAA LARGE CORE FUND |
| SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
| December 31, 2024 |
| Shares | Fair Value | |||||||
| COMMON STOCKS — 99.3% (Continued) | ||||||||
| Technology - 34.6% (Continued) | ||||||||
| 17,650 | International Business Machines Corporation | $ | 3,880,000 | |||||
| 3,140 | Intuit, Inc. | 1,973,490 | ||||||
| 37,843 | Microsoft Corp. | 15,950,825 | ||||||
| 5,483 | Motorola Solutions, Inc. | 2,534,407 | ||||||
| 130,491 | NVIDIA Corporation | 17,523,636 | ||||||
| 13,270 | ON Semiconductor Corporation(a) | 836,674 | ||||||
| 20,398 | Palo Alto Networks, Inc.(a) | 3,711,620 | ||||||
| 10,125 | Paychex, Inc. | 1,419,728 | ||||||
| 32,156 | PayPal Holdings, Inc.(a) | 2,744,515 | ||||||
| 1,292 | Tyler Technologies, Inc.(a) | 745,019 | ||||||
| 12,174 | Visa, Inc., Class A | 3,847,470 | ||||||
| 89,354,522 | ||||||||
| Utilities - 2.0% | ||||||||
| 4,902 | Alliant Energy Corporation | 289,904 | ||||||
| 6,354 | American Water Works Company, Inc. | 791,009 | ||||||
| 25,498 | Duke Energy Corporation | 2,747,155 | ||||||
| 16,433 | FirstEnergy Corporation | 653,705 | ||||||
| 23,643 | PPL Corporation | 767,452 | ||||||
| 5,249,225 | ||||||||
| TOTAL COMMON STOCKS (Cost $245,198,555) | 256,668,923 | |||||||
| EXCHANGE-TRADED FUNDS — 0.6% | ||||||||
| Equity - 0.6% | ||||||||
| 2,417 | iShares Core S&P 500 ETF | |||||||
| TOTAL EXCHANGE-TRADED FUNDS (Cost $1,415,358) | 1,422,840 | |||||||
| TOTAL INVESTMENTS - 99.9% (Cost $246,613,913) | $ | 258,091,763 | ||||||
| OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1% | 264,901 | |||||||
| NET ASSETS - 100.0% | $ | 258,356,664 | ||||||
| (a) | Non-income producing security. |
| REIT – Real Estate Investment Trust | |
