| THE JAMESTOWN EQUITY FUND | ||
| SCHEDULE OF INVESTMENTS | ||
| June 30, 2023 (Unaudited) | ||
| COMMON STOCKS - 85.7% | Shares | Value |
| Communications - 10.4% | ||
| Alphabet, Inc. - Class A (a) | 3,320 | $ 397,404 |
| Alphabet, Inc. - Class C (a) | 10,000 | 1,209,700 |
| Booking Holdings, Inc. (a) | 380 | 1,026,125 |
| Meta Platforms, Inc. - Class A (a) | 6,100 | 1,750,578 |
| Walt Disney Company (The) (a) | 4,300 | 383,904 |
| 4,767,711 | ||
| Consumer Discretionary - 6.8% | ||
| Amazon.com, Inc. (a) | 10,700 | 1,394,852 |
| Home Depot, Inc. (The) | 1,350 | 419,364 |
| Lowe's Companies, Inc. | 2,300 | 519,110 |
| TJX Companies, Inc. (The) | 9,100 | 771,589 |
| 3,104,915 | ||
| Consumer Staples - 7.2% | ||
| PepsiCo, Inc. | 2,690 | 498,242 |
| Procter & Gamble Company (The) | 5,100 | 773,874 |
| Target Corporation | 4,300 | 567,170 |
| Unilever plc - ADR | 18,505 | 964,666 |
| Walmart, Inc. | 3,000 | 471,540 |
| 3,275,492 | ||
| Energy - 5.5% | ||
| Chevron Corporation | 7,200 | 1,132,920 |
| Exxon Mobil Corporation | 2,250 | 241,313 |
| Schlumberger Ltd. | 12,545 | 616,210 |
| TotalEnergies SE - ADR | 9,500 | 547,580 |
| 2,538,023 | ||
| Financials - 9.5% | ||
| Ameriprise Financial, Inc. | 2,950 | 979,872 |
| Chubb Ltd. | 1,800 | 346,608 |
| Goldman Sachs Group, Inc. (The) | 1,800 | 580,572 |
| JPMorgan Chase & Company | 8,300 | 1,207,152 |
| Morgan Stanley | 7,500 | 640,500 |
| PNC Financial Services Group, Inc. (The) | 4,800 | 604,560 |
| 4,359,264 | ||
| Health Care - 10.3% | ||
| Amgen, Inc. | 1,300 | 288,626 |
| CVS Health Corporation | 8,500 | 587,605 |
| Elevance Health, Inc. | 1,650 | 733,078 |
| Johnson & Johnson | 4,000 | 662,080 |
| Merck & Company, Inc. | 4,000 | 461,560 |
| Pfizer, Inc. | 13,000 | 476,840 |
| Thermo Fisher Scientific, Inc. | 1,400 | 730,450 |
| THE JAMESTOWN EQUITY FUND | ||
| SCHEDULE OF INVESTMENTS (Continued) | ||
| COMMON STOCKS - 85.7% (Continued) | Shares | Value |
| Health Care - 10.3% (Continued) | ||
| UnitedHealth Group, Inc. | 1,600 | $ 769,024 |
| 4,709,263 | ||
| Industrials - 8.8% | ||
| Eaton Corporation plc | 5,900 | 1,186,490 |
| Lockheed Martin Corporation | 825 | 379,814 |
| Norfolk Southern Corporation | 3,400 | 770,984 |
| Raytheon Technologies Corporation | 4,600 | 450,616 |
| Trane Technologies plc | 3,900 | 745,914 |
| United Parcel Service, Inc. - Class B | 2,800 | 501,900 |
| 4,035,718 | ||
| Materials - 1.2% | ||
| Eastman Chemical Company | 6,700 | 560,924 |
| Real Estate - 0.6% | ||
| American Tower Corporation | 1,410 | 273,455 |
| Technology - 25.4% | ||
| Adobe, Inc. (a) | 1,400 | 684,586 |
| Apple, Inc. | 15,000 | 2,909,550 |
| Applied Materials, Inc. | 5,790 | 836,887 |
| Broadcom, Inc. | 1,300 | 1,127,659 |
| Cisco Systems, Inc. | 17,750 | 918,385 |
| Microsoft Corporation | 6,500 | 2,213,510 |
| NVIDIA Corporation | 2,305 | 975,061 |
| Oracle Corporation | 10,000 | 1,190,900 |
| Visa, Inc. - Class A | 3,175 | 753,999 |
| 11,610,537 | ||
| Total Common Stocks (Cost $16,417,247) | $ 39,235,302 | |
| EXCHANGE-TRADED FUNDS - 8.7% | Shares | Value |
| Consumer Staples Select Sector SPDR Fund | 7,550 | $ 559,984 |
| Invesco KBW Bank ETF | 12,165 | 499,373 |
| iShares Expanded Tech-Software Sector ETF | 1,630 | 563,833 |
| iShares Semiconductor ETF | 1,600 | 811,616 |
| Vanguard Information Technology ETF | 3,500 | 1,547,560 |
| Total Exchange-Traded Funds (Cost $1,932,819) | $ 3,982,366 | |
| THE JAMESTOWN EQUITY FUND | ||
| SCHEDULE OF INVESTMENTS (Continued) | ||
| MONEY MARKET FUNDS - 6.4% | Shares | Value |
| Federated Hermes Government Obligations Fund - Institutional Class, 4.92% (b) (Cost $2,915,127) | 2,915,127 | $ 2,915,127 |
| Total Investments at Value - 100.8% (Cost $21,265,193) | $ 46,132,795 | |
| Liabilities in Excess of Other Assets - (0.8%) | (361,568 ) | |
| Net Assets - 100.0% | $ 45,771,227 | |
| ADR | - American Depositary Receipt. |
| (a) | Non-income producing security. |
| (b) | The rate shown is the 7-day effective yield as of June 30, 2023. |