THE GOVERNMENT STREET EQUITY FUND | ||
SCHEDULE OF INVESTMENTS | ||
December 31, 2023 (Unaudited) | ||
COMMON STOCKS - 93.0% | Shares | Value |
Communications - 6.5% | ||
Alphabet, Inc. - Class A (a) | 5,700 | $ 796,233 |
Alphabet, Inc. - Class C (a) | 13,340 | 1,880,006 |
Booking Holdings, Inc. (a) | 250 | 886,805 |
Meta Platforms, Inc. - Class A (a) | 3,200 | 1,132,672 |
Uber Technologies, Inc. (a) | 3,000 | 184,710 |
4,880,426 | ||
Consumer Discretionary - 8.9% | ||
Amazon.com, Inc. (a) | 10,000 | 1,519,400 |
Home Depot, Inc. (The) | 3,000 | 1,039,650 |
Lowe's Companies, Inc. | 3,000 | 667,650 |
McDonald's Corporation | 5,000 | 1,482,550 |
NIKE, Inc. - Class B | 3,000 | 325,710 |
NVR, Inc. (a) | 40 | 280,018 |
Tesla, Inc. (a) | 3,200 | 795,136 |
Toyota Motor Corporation - ADR | 2,000 | 366,760 |
Tractor Supply Company | 1,000 | 215,030 |
6,691,904 | ||
Consumer Staples - 3.6% | ||
Coca-Cola Company (The) | 3,500 | 206,255 |
Kroger Company (The) | 10,000 | 457,100 |
Procter & Gamble Company (The) | 4,000 | 586,160 |
Walmart, Inc. | 9,000 | 1,418,850 |
2,668,365 | ||
Energy - 5.0% | ||
Cheniere Energy, Inc. | 6,000 | 1,024,260 |
Chevron Corporation | 4,000 | 596,640 |
Devon Energy Corporation | 4,000 | 181,200 |
Marathon Petroleum Corporation | 2,600 | 385,736 |
ONEOK, Inc. | 7,000 | 491,540 |
Phillips 66 | 5,000 | 665,700 |
Shell plc - ADR | 6,600 | 434,280 |
3,779,356 | ||
Financials - 13.8% | ||
Aflac, Inc. | 14,000 | 1,155,000 |
Apollo Global Management, Inc. | 1,000 | 93,190 |
Arch Capital Group Ltd. (a) | 2,500 | 185,675 |
Ares Management Corporation - Class A | 5,500 | 654,060 |
Berkshire Hathaway, Inc. - Class B (a) | 1,500 | 534,990 |
Blackstone, Inc. | 14,500 | 1,898,340 |
Brookfield Reinsurance Ltd. | 28,000 | 1,120,000 |
CME Group, Inc. | 3,500 | 737,100 |
Intercontinental Exchange, Inc. | 1,500 | 192,645 |
JPMorgan Chase & Company | 19,500 | 3,316,950 |
THE GOVERNMENT STREET EQUITY FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 93.0% (Continued) | Shares | Value |
Financials - 13.8% (Continued) | ||
Marsh & McLennan Companies, Inc. | 2,500 | $ 473,675 |
10,361,625 | ||
Health Care - 9.3% | ||
Abbott Laboratories | 9,500 | 1,045,665 |
AbbVie, Inc. | 11,500 | 1,782,155 |
Bio-Techne Corporation | 26,000 | 2,006,160 |
CRISPR Therapeutics AG (a) | 4,000 | 250,400 |
Edwards Lifesciences Corporation (a) | 4,800 | 366,000 |
GE HealthCare Technologies, Inc. | 5,000 | 386,600 |
Thermo Fisher Scientific, Inc. | 900 | 477,711 |
UnitedHealth Group, Inc. | 1,200 | 631,764 |
6,946,455 | ||
Industrials - 12.8% | ||
Eaton Corporation plc | 1,000 | 240,820 |
Emerson Electric Company | 4,500 | 437,985 |
General Dynamics Corporation | 3,700 | 960,779 |
Honeywell International, Inc. | 8,500 | 1,782,535 |
Lockheed Martin Corporation | 4,000 | 1,812,960 |
Parker-Hannifin Corporation | 1,300 | 598,910 |
Quanta Services, Inc. | 4,400 | 949,520 |
Rockwell Automation, Inc. | 1,100 | 341,528 |
RTX Corporation | 14,000 | 1,177,960 |
TE Connectivity Ltd. | 9,000 | 1,264,500 |
9,567,497 | ||
Materials - 2.3% | ||
Cameco Corporation | 3,500 | 150,850 |
Freeport-McMoRan, Inc. | 25,000 | 1,064,250 |
Linde plc | 800 | 328,568 |
Nucor Corporation | 1,000 | 174,040 |
1,717,708 | ||
Real Estate - 1.8% | ||
Mid-America Apartment Communities, Inc. | 10,000 | 1,344,600 |
Technology - 27.0% | ||
Accenture plc - Class A | 4,000 | 1,403,640 |
Adobe, Inc. (a) | 500 | 298,300 |
Apple, Inc. | 14,000 | 2,695,420 |
ASML Holding N.V. | 600 | 454,152 |
Mastercard, Inc. - Class A | 2,000 | 853,020 |
Microsoft Corporation | 8,500 | 3,196,340 |
NVIDIA Corporation | 14,000 | 6,933,080 |
ON Semiconductor Corporation (a) | 4,500 | 375,885 |
Oracle Corporation | 2,000 | 210,860 |
Palantir Technologies, Inc. - Class A (a) | 5,000 | 85,850 |
Palo Alto Networks, Inc. (a) | 500 | 147,440 |
QUALCOMM, Inc. | 3,000 | 433,890 |
THE GOVERNMENT STREET EQUITY FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 93.0% (Continued) | Shares | Value |
Technology - 27.0% (Continued) | ||
Skyworks Solutions, Inc. | 8,000 | $ 899,360 |
Texas Instruments, Inc. | 5,200 | 886,392 |
Visa, Inc. - Class A | 5,000 | 1,301,750 |
20,175,379 | ||
Utilities - 2.0% | ||
Southern Company (The) | 5,500 | 385,660 |
WEC Energy Group, Inc. | 13,000 | 1,094,210 |
1,479,870 | ||
Total Common Stocks (Cost $27,725,396) | $ 69,613,185 | |
EXCHANGE-TRADED FUNDS - 4.6% | Shares | Value |
Invesco S&P 500 Equal Weight ETF (Cost $3,278,348) | 22,000 | $ 3,471,600 |
MONEY MARKET FUNDS - 2.6% | Shares | Value |
Fidelity Institutional Money Market Government Portfolio - Class I, 5.25% (b) (Cost $1,940,135) | 1,940,135 | $ 1,940,135 |
Total Investments at Value - 100.2% (Cost $32,943,879) | $ 75,024,920 | |
Liabilities in Excess of Other Assets - (0.2%) | (161,508 ) | |
Net Assets - 100.0% | $ 74,863,412 | |
ADR | - American Depositary Receipt. |
(a) | Non-income producing security. |
(b) | The rate shown is the 7-day effective yield as of December 31, 2023. |
THE GOVERNMENT STREET OPPORTUNITIES FUND | ||
SCHEDULE OF INVESTMENTS | ||
December 31, 2023 (Unaudited) | ||
COMMON STOCKS - 87.7% | Shares | Value |
Communications - 0.3% | ||
Fox Corporation - Class A | 4,000 | $ 118,680 |
Sinclair, Inc. | 8,000 | 104,240 |
222,920 | ||
Consumer Discretionary - 2.7% | ||
Coupang, Inc. (a) | 3,000 | 48,570 |
Dick's Sporting Goods, Inc. | 1,500 | 220,425 |
Gildan Activewear, Inc. | 10,000 | 330,600 |
Service Corporation International | 13,000 | 889,850 |
Toll Brothers, Inc. | 3,000 | 308,370 |
1,797,815 | ||
Consumer Staples - 5.1% | ||
Bunge Global S.A. | 3,500 | 353,325 |
Celsius Holdings, Inc. (a) | 33,000 | 1,799,160 |
Church & Dwight Company, Inc. | 9,000 | 851,040 |
Molson Coors Beverage Company - Class B | 5,800 | 355,018 |
3,358,543 | ||
Energy - 5.0% | ||
APA Corporation | 6,000 | 215,280 |
Devon Energy Corporation | 9,000 | 407,700 |
Enphase Energy, Inc. (a) | 6,000 | 792,840 |
Exxon Mobil Corporation | 1,260 | 125,975 |
Marathon Oil Corporation | 21,000 | 507,360 |
Northern Oil and Gas, Inc. | 10,000 | 370,700 |
ONEOK, Inc. | 3,500 | 245,770 |
Par Pacific Holdings, Inc. (a) | 1,000 | 36,370 |
PBF Energy, Inc. - Class A | 9,500 | 417,620 |
Targa Resources Corporation | 1,750 | 152,022 |
Vertex Energy, Inc. (a) | 12,500 | 42,375 |
3,314,012 | ||
Financials - 18.0% | ||
American Financial Group, Inc. | 8,600 | 1,022,454 |
Ares Management Corporation - Class A | 7,000 | 832,440 |
Arthur J. Gallagher & Company | 8,000 | 1,799,040 |
Banco Bilbao Vizcaya Argentaria S.A. - ADR | 3,000 | 27,330 |
Berkley (W.R.) Corporation | 16,762 | 1,185,409 |
Brown & Brown, Inc. | 20,000 | 1,422,200 |
CME Group, Inc. | 5,000 | 1,053,000 |
Intercontinental Exchange, Inc. | 9,000 | 1,155,870 |
Morgan Stanley | 9,565 | 891,936 |
Nasdaq, Inc. | 24,000 | 1,395,360 |
Old Republic International Corporation | 24,400 | 717,360 |
Voya Financial, Inc. | 5,000 | 364,800 |
11,867,199 | ||
Health Care - 11.9% | ||
Bio-Rad Laboratories, Inc. - Class A (a) | 1,500 | 484,335 |
THE GOVERNMENT STREET OPPORTUNITIES FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 87.7% (Continued) | Shares | Value |
Health Care - 11.9% (Continued) | ||
Bio-Techne Corporation | 16,000 | $ 1,234,560 |
Centene Corporation (a) | 4,000 | 296,840 |
Charles River Laboratories International, Inc. (a) | 4,500 | 1,063,800 |
Chemed Corporation | 2,500 | 1,461,875 |
Fortrea Holdings, Inc. (a) | 2,574 | 89,833 |
GE HealthCare Technologies, Inc. | 4,000 | 309,280 |
Laboratory Corporation of America Holdings | 2,574 | 585,044 |
Penumbra, Inc. (a) | 2,000 | 503,080 |
ResMed, Inc. | 1,200 | 206,424 |
Teleflex, Inc. | 3,950 | 984,893 |
Waters Corporation (a) | 2,000 | 658,460 |
7,878,424 | ||
Industrials - 16.4% | ||
C.H. Robinson Worldwide, Inc. | 4,000 | 345,560 |
Donaldson Company, Inc. | 13,000 | 849,550 |
Expeditors International of Washington, Inc. | 8,000 | 1,017,600 |
Fastenal Company | 18,000 | 1,165,860 |
Graco, Inc. | 13,000 | 1,127,880 |
Jacobs Solutions, Inc. | 8,475 | 1,100,055 |
L3Harris Technologies, Inc. | 5,250 | 1,105,755 |
MasTec, Inc. (a) | 5,700 | 431,604 |
MSC Industrial Direct Company, Inc. - Class A | 5,000 | 506,300 |
nVent Electric plc | 4,200 | 248,178 |
Pentair plc | 3,200 | 232,672 |
Snap-on, Inc. | 1,475 | 426,039 |
Waste Connections, Inc. | 10,500 | 1,567,335 |
Woodward, Inc. | 5,000 | 680,650 |
10,805,038 | ||
Materials - 8.4% | ||
Ashland, Inc. | 6,000 | 505,860 |
ATI, Inc. (a) | 2,200 | 100,034 |
Cameco Corporation | 4,000 | 172,400 |
CF Industries Holdings, Inc. | 3,500 | 278,250 |
Martin Marietta Materials, Inc. | 3,000 | 1,496,730 |
Packaging Corporation of America | 6,000 | 977,460 |
Ramaco Resources, Inc. - Class A | 2,500 | 42,950 |
Steel Dynamics, Inc. | 14,000 | 1,653,400 |
Valvoline, Inc. (a) | 9,236 | 347,089 |
5,574,173 | ||
Real Estate - 3.1% | ||
Mid-America Apartment Communities, Inc. | 15,000 | 2,016,900 |
Technology - 16.8% | ||
Advanced Micro Devices, Inc. (a) | 1,964 | 289,513 |
Allegro MicroSystems, Inc. (a) | 4,000 | 121,080 |
Amkor Technology, Inc. | 3,000 | 99,810 |
THE GOVERNMENT STREET OPPORTUNITIES FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 87.7% (Continued) | Shares | Value |
Technology - 16.8% (Continued) | ||
Analog Devices, Inc. | 3,671 | $ 728,914 |
ANSYS, Inc. (a) | 3,000 | 1,088,640 |
Arrow Electronics, Inc. (a) | 9,100 | 1,112,475 |
Broadridge Financial Solutions, Inc. | 3,500 | 720,125 |
InterDigital, Inc. | 1,000 | 108,540 |
Lam Research Corporation | 1,075 | 842,005 |
Microchip Technology, Inc. | 8,800 | 793,584 |
NVIDIA Corporation | 10,000 | 4,952,200 |
Palantir Technologies, Inc. - Class A (a) | 5,000 | 85,850 |
Rambus, Inc. (a) | 1,500 | 102,375 |
StoneCo Ltd. - Class A (a) | 1,500 | 27,045 |
11,072,156 | ||
Total Common Stocks (Cost $17,524,021) | $ 57,907,180 | |
EXCHANGE-TRADED FUNDS - 7.5% | Shares | Value |
iShares Core S&P Mid-Cap ETF | 6,000 | $ 1,662,900 |
SPDR S&P MidCap 400 ETF Trust | 6,500 | 3,297,970 |
Total Exchange-Traded Funds (Cost $4,644,332) | $ 4,960,870 | |
MONEY MARKET FUNDS - 5.2% | Shares | Value |
Fidelity Institutional Money Market Government Portfolio - Class I, 5.25% (b) (Cost $3,424,452) | 3,424,452 | $ 3,424,452 |
Total Investments at Value - 100.4% (Cost $25,592,805) | $ 66,292,502 | |
Liabilities in Excess of Other Assets - (0.4%) | (237,959 ) | |
Net Assets - 100.0% | $ 66,054,543 | |
ADR | - American Depositary Receipt. |
(a) | Non-income producing security. |
(b) | The rate shown is the 7-day effective yield as of December 31, 2023. |