THE GOVERNMENT STREET EQUITY FUND | ||
SCHEDULE OF INVESTMENTS | ||
December 31, 2021 (Unaudited) | ||
COMMON STOCKS - 90.8% | Shares | Value |
Communications - 4.3% | ||
Airbnb, Inc. - Class A (a) | 500 | $ 83,245 |
Alphabet, Inc. - Class A (a) | 200 | 579,408 |
Alphabet, Inc. - Class C (a) | 642 | 1,857,685 |
Comcast Corporation - Class A | 15,000 | 754,950 |
Twitter, Inc. (a) | 5,000 | 216,100 |
3,491,388 | ||
Consumer Discretionary - 11.2% | ||
Amazon.com, Inc. (a) | 850 | 2,834,189 |
Home Depot, Inc. (The) | 5,000 | 2,075,050 |
Lowe's Companies, Inc. | 5,500 | 1,421,640 |
McDonald's Corporation | 5,000 | 1,340,350 |
NIKE, Inc. - Class B | 8,000 | 1,333,360 |
9,004,589 | ||
Consumer Staples - 3.8% | ||
Coca-Cola Company (The) | 3,500 | 207,235 |
Costco Wholesale Corporation | 1,000 | 567,700 |
Kroger Company (The) | 4,500 | 203,670 |
Procter & Gamble Company (The) | 4,000 | 654,320 |
Walmart, Inc. | 10,000 | 1,446,900 |
3,079,825 | ||
Energy - 1.9% | ||
Cheniere Energy, Inc. | 6,000 | 608,520 |
Chevron Corporation | 1,000 | 117,350 |
Devon Energy Corporation | 12,500 | 550,625 |
ONEOK, Inc. | 5,000 | 293,800 |
1,570,295 | ||
Financials - 11.9% | ||
Aflac, Inc. | 16,000 | 934,240 |
Ares Management Corporation - Class A | 5,000 | 406,350 |
Blackstone, Inc. | 14,000 | 1,811,460 |
Brookfield Asset Management, Inc. - Class A | 28,000 | 1,690,640 |
CME Group, Inc. | 3,500 | 799,610 |
Intercontinental Exchange, Inc. | 1,500 | 205,155 |
JPMorgan Chase & Company | 21,000 | 3,325,350 |
Marsh & McLennan Companies, Inc. | 2,500 | 434,550 |
9,607,355 | ||
Health Care - 10.4% | ||
Abbott Laboratories | 9,500 | 1,337,030 |
AbbVie, Inc. | 11,500 | 1,557,100 |
Bio-Techne Corporation | 7,250 | 3,750,715 |
Edwards Lifesciences Corporation (a) | 4,800 | 621,840 |
Pfizer, Inc. | 4,000 | 236,200 |
Thermo Fisher Scientific, Inc. | 900 | 600,516 |
THE GOVERNMENT STREET EQUITY FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 90.8% (Continued) | Shares | Value |
Health Care - 10.4% (Continued) | ||
UnitedHealth Group, Inc. | 600 | $ 301,284 |
8,404,685 | ||
Industrials - 11.1% | ||
Emerson Electric Company | 6,500 | 604,305 |
General Dynamics Corporation | 5,200 | 1,084,044 |
GXO Logistics, Inc. (a) | 3,000 | 272,490 |
Honeywell International, Inc. | 10,000 | 2,085,100 |
Lockheed Martin Corporation | 6,000 | 2,132,460 |
Raytheon Technologies Corporation | 13,500 | 1,161,810 |
TE Connectivity Ltd. | 9,000 | 1,452,060 |
XPO Logistics, Inc. (a) | 2,000 | 154,860 |
8,947,129 | ||
Materials - 5.0% | ||
Albemarle Corporation | 5,000 | 1,168,850 |
Freeport-McMoRan, Inc. | 25,000 | 1,043,250 |
Glencore plc - ADR (a) | 20,000 | 201,600 |
International Paper Company | 7,000 | 328,860 |
Linde plc | 1,500 | 519,645 |
Mosaic Company (The) | 6,000 | 235,740 |
Sylvamo Corporation (a) | 636 | 17,738 |
Vulcan Materials Company | 2,300 | 477,434 |
3,993,117 | ||
Real Estate - 2.8% | ||
Mid-America Apartment Communities, Inc. | 10,000 | 2,294,400 |
Technology - 26.8% | ||
Accenture plc - Class A | 5,650 | 2,342,208 |
Apple, Inc. | 15,000 | 2,663,550 |
ASML Holding N.V. | 850 | 676,719 |
Mastercard, Inc. - Class A | 2,000 | 718,640 |
Microsoft Corporation | 10,000 | 3,363,200 |
NVIDIA Corporation | 18,700 | 5,499,857 |
ON Semiconductor Corporation (a) | 4,000 | 271,680 |
Palantir Technologies, Inc. - Class A (a) | 10,000 | 182,100 |
QUALCOMM, Inc. | 6,000 | 1,097,220 |
S&P Global, Inc. | 500 | 235,965 |
Skyworks Solutions, Inc. | 10,000 | 1,551,400 |
Taiwan Semiconductor Manufacturing Company Ltd. - ADR | 6,000 | 721,860 |
Texas Instruments, Inc. | 6,200 | 1,168,514 |
Visa, Inc. - Class A | 5,300 | 1,148,563 |
21,641,476 |
THE GOVERNMENT STREET EQUITY FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 90.8% (Continued) | Shares | Value |
Utilities - 1.6% | ||
WEC Energy Group, Inc. | 13,000 | $ 1,261,910 |
Total Common Stocks (Cost $23,893,787) | $ 73,296,169 | |
EXCHANGE-TRADED FUNDS - 1.9% | Shares | Value |
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (Cost $1,561,243) | 22,000 | $ 1,572,780 |
MONEY MARKET FUNDS - 7.3% | Shares | Value |
Fidelity Institutional Money Market Government Portfolio - Class I, 0.01% (b) (Cost $5,903,179) | 5,903,179 | $ 5,903,179 |
Total Investments at Value - 100.0% (Cost $31,358,209) | $ 80,772,128 | |
Liabilities in Excess of Other Assets - (0.0%) (c) | (26,010) | |
Net Assets - 100.0% | $ 80,746,118 | |
ADR | - American Depositary Receipt. |
(a) | Non-income producing security. |
(b) | The rate shown is the 7-day effective yield as of December 31, 2021. |
(c) | Percentage rounds to less than 0.1%. |
THE GOVERNMENT STREET MID-CAP FUND | ||
SCHEDULE OF INVESTMENTS | ||
December 31, 2021 (Unaudited) | ||
COMMON STOCKS - 94.2% | Shares | Value |
Consumer Discretionary - 6.4% | ||
Dick's Sporting Goods, Inc. | 2,500 | $ 287,475 |
Gildan Activewear, Inc. | 13,400 | 568,026 |
Hasbro, Inc. | 5,000 | 508,900 |
Kontoor Brands, Inc. | 1,671 | 85,639 |
Macy's, Inc. | 5,000 | 130,900 |
NVR, Inc. (a) | 135 | 797,697 |
Scotts Miracle-Gro Company (The) | 2,000 | 322,000 |
Service Corporation International | 13,000 | 922,870 |
Tempur Sealy International, Inc. | 12,000 | 564,360 |
VF Corporation | 3,000 | 219,660 |
4,407,527 | ||
Consumer Staples - 3.5% | ||
Bunge Ltd. | 3,000 | 280,080 |
Celsius Holdings, Inc. (a) | 12,000 | 894,840 |
Church & Dwight Company, Inc. | 9,000 | 922,500 |
Energizer Holdings, Inc. | 5,000 | 200,500 |
Hain Celestial Group, Inc. (The) (a) | 3,500 | 149,135 |
2,447,055 | ||
Energy - 3.3% | ||
Continental Resources, Inc. | 7,000 | 313,320 |
Devon Energy Corporation | 10,000 | 440,500 |
Enphase Energy, Inc. (a) | 6,000 | 1,097,640 |
Marathon Oil Corporation | 18,000 | 295,560 |
ONEOK, Inc. | 2,500 | 146,900 |
2,293,920 | ||
Financials - 18.5% | ||
Alleghany Corporation (a) | 1,190 | 794,432 |
American Financial Group, Inc. | 8,600 | 1,180,952 |
Ares Management Corporation - Class A | 6,500 | 528,255 |
Arthur J. Gallagher & Company | 8,000 | 1,357,360 |
B. Riley Financial, Inc. | 700 | 62,202 |
Berkley (W.R.) Corporation | 11,175 | 920,708 |
Brown & Brown, Inc. | 20,000 | 1,405,600 |
Carlyle Group, Inc. (The) | 7,000 | 384,300 |
CME Group, Inc. | 5,000 | 1,142,300 |
Intercontinental Exchange, Inc. | 9,000 | 1,230,930 |
Morgan Stanley | 8,565 | 840,741 |
Nasdaq, Inc. | 8,500 | 1,785,085 |
Old Republic International Corporation | 24,400 | 599,752 |
SEI Investments Company | 4,500 | 274,230 |
Voya Financial, Inc. | 4,000 | 265,240 |
12,772,087 | ||
Health Care - 16.0% | ||
Bio-Rad Laboratories, Inc. - Class A (a) | 1,700 | 1,284,469 |
Bio-Techne Corporation | 4,000 | 2,069,360 |
THE GOVERNMENT STREET MID-CAP FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 94.2% (Continued) | Shares | Value |
Health Care - 16.0% (Continued) | ||
Centene Corporation (a) | 6,000 | $ 494,400 |
Charles River Laboratories International, Inc. (a) | 4,500 | 1,695,510 |
Chemed Corporation | 2,500 | 1,322,600 |
Editas Medicine, Inc. (a) | 2,000 | 53,100 |
Globus Medical, Inc. - Class A (a) | 3,000 | 216,600 |
Laboratory Corporation of America Holdings (a) | 2,574 | 808,776 |
Penumbra, Inc. (a) | 2,500 | 718,300 |
ResMed, Inc. | 1,200 | 312,576 |
Teleflex, Inc. | 3,950 | 1,297,496 |
Waters Corporation (a) | 2,000 | 745,200 |
11,018,387 | ||
Industrials - 16.4% | ||
AMETEK, Inc. | 2,350 | 345,544 |
C.H. Robinson Worldwide, Inc. | 4,000 | 430,520 |
ChargePoint Holdings, Inc. (a) | 2,000 | 38,100 |
Donaldson Company, Inc. | 13,000 | 770,380 |
Expeditors International of Washington, Inc. | 8,000 | 1,074,320 |
Fastenal Company | 18,000 | 1,153,080 |
Graco, Inc. | 13,000 | 1,048,060 |
GXO Logistics, Inc. (a) | 2,000 | 181,660 |
Jacobs Engineering Group, Inc. | 8,475 | 1,179,974 |
L3Harris Technologies, Inc. | 5,400 | 1,151,496 |
MasTec, Inc. (a) | 5,700 | 525,996 |
MSC Industrial Direct Company, Inc. - Class A | 5,000 | 420,300 |
National Instruments Corporation | 12,000 | 524,040 |
nVent Electric plc | 2,900 | 110,200 |
Pentair plc | 2,900 | 211,787 |
Snap-on, Inc. | 1,475 | 317,686 |
Waste Connections, Inc. | 10,500 | 1,430,835 |
Woodward, Inc. | 3,900 | 426,894 |
11,340,872 | ||
Materials - 8.1% | ||
Albemarle Corporation | 6,700 | 1,566,259 |
Ashland Global Holdings, Inc. | 6,000 | 645,960 |
Martin Marietta Materials, Inc. | 3,000 | 1,321,560 |
Packaging Corporation of America | 6,000 | 816,900 |
Steel Dynamics, Inc. | 14,000 | 868,980 |
Valvoline, Inc. | 9,236 | 344,410 |
5,564,069 | ||
Real Estate - 5.4% | ||
Mid-America Apartment Communities, Inc. | 15,000 | 3,441,600 |
New Residential Investment Corporation | 25,000 | 267,750 |
3,709,350 | ||
Technology - 16.4% | ||
Analog Devices, Inc. | 3,671 | 645,252 |
ANSYS, Inc. (a) | 3,500 | 1,403,920 |
THE GOVERNMENT STREET MID-CAP FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 94.2% (Continued) | Shares | Value |
Technology - 16.4% (Continued) | ||
Arrow Electronics, Inc. (a) | 10,100 | $ 1,356,127 |
Broadridge Financial Solutions, Inc. | 3,500 | 639,870 |
InterDigital, Inc. | 2,500 | 179,075 |
Lam Research Corporation | 1,075 | 773,086 |
Microchip Technology, Inc. | 12,000 | 1,044,720 |
MicroStrategy, Inc. - Class A (a) | 500 | 272,245 |
NVIDIA Corporation | 10,400 | 3,058,744 |
Okta, Inc. (a) | 3,500 | 784,595 |
Sprinklr, Inc. - Class A (a) | 4,000 | 63,480 |
Xilinx, Inc. | 5,000 | 1,060,150 |
11,281,264 | ||
Utilities - 0.2% | ||
UGI Corporation | 3,038 | 139,475 |
Total Common Stocks (Cost $18,596,051) | $ 64,974,006 | |
EXCHANGE-TRADED FUNDS - 0.4% | Shares | Value |
Vanguard Mid-Cap Value ETF (Cost $299,345) | 2,000 | $ 300,660 |
MONEY MARKET FUNDS - 5.1% | Shares | Value |
Fidelity Institutional Money Market Government Portfolio - Class I, 0.01% (b) (Cost $3,503,910) | 3,503,910 | $ 3,503,910 |
Total Investments at Value - 99.7% (Cost $22,399,306) | $ 68,778,576 | |
Other Assets in Excess of Liabilities - 0.3% | 198,404 | |
Net Assets - 100.0% | $ 68,976,980 | |
(a) | Non-income producing security. |
(b) | The rate shown is the 7-day effective yield as of December 31, 2021. |