THE GOVERNMENT STREET EQUITY FUND | ||
SCHEDULE OF INVESTMENTS | ||
December 31, 2022 (Unaudited) | ||
COMMON STOCKS - 88.2% | Shares | Value |
Communications - 2.3% | ||
Alphabet, Inc. - Class A (a) | 4,000 | $ 352,920 |
Alphabet, Inc. - Class C (a) | 12,840 | 1,139,293 |
1,492,213 | ||
Consumer Discretionary - 9.2% | ||
Amazon.com, Inc. (a) | 14,000 | 1,176,000 |
Home Depot, Inc. (The) | 5,000 | 1,579,300 |
Lowe's Companies, Inc. | 5,500 | 1,095,820 |
McDonald's Corporation | 5,000 | 1,317,650 |
NIKE, Inc. - Class B | 6,500 | 760,565 |
5,929,335 | ||
Consumer Staples - 5.1% | ||
Archer-Daniels-Midland Company | 1,000 | 92,850 |
Bunge Ltd. | 1,000 | 99,770 |
Cal-Maine Foods, Inc. | 1,000 | 54,450 |
Coca-Cola Company (The) | 3,500 | 222,635 |
Colgate-Palmolive Company | 2,500 | 196,975 |
Ingles Markets, Inc. - Class A | 1,500 | 144,690 |
Kroger Company (The) | 10,000 | 445,800 |
Procter & Gamble Company (The) | 4,000 | 606,240 |
Walmart, Inc. | 10,000 | 1,417,900 |
3,281,310 | ||
Energy - 5.7% | ||
APA Corporation | 6,000 | 280,080 |
Cheniere Energy, Inc. | 6,000 | 899,760 |
Chevron Corporation | 3,500 | 628,215 |
Devon Energy Corporation | 13,500 | 830,385 |
ONEOK, Inc. | 7,000 | 459,900 |
Phillips 66 | 2,000 | 208,160 |
Shell plc - ADR | 6,600 | 375,870 |
3,682,370 | ||
Financials - 11.7% | ||
Aflac, Inc. | 16,000 | 1,151,040 |
Ares Management Corporation - Class A | 5,000 | 342,200 |
Blackstone, Inc. | 14,500 | 1,075,755 |
Brookfield Asset Management Ltd. (a) | 7,000 | 200,690 |
Brookfield Corporation | 28,000 | 880,880 |
CME Group, Inc. | 3,500 | 588,560 |
Intercontinental Exchange, Inc. | 1,500 | 153,885 |
JPMorgan Chase & Company | 20,000 | 2,682,000 |
Marsh & McLennan Companies, Inc. | 2,500 | 413,700 |
7,488,710 | ||
Health Care - 10.1% | ||
Abbott Laboratories | 9,500 | 1,043,005 |
AbbVie, Inc. | 11,500 | 1,858,515 |
THE GOVERNMENT STREET EQUITY FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 88.2% (Continued) | Shares | Value |
Health Care - 10.1% (Continued) | ||
Bio-Techne Corporation | 27,500 | $ 2,279,200 |
Edwards Lifesciences Corporation (a) | 4,800 | 358,128 |
Thermo Fisher Scientific, Inc. | 900 | 495,621 |
UnitedHealth Group, Inc. | 800 | 424,144 |
6,458,613 | ||
Industrials - 14.9% | ||
Emerson Electric Company | 6,500 | 624,390 |
General Dynamics Corporation | 5,200 | 1,290,172 |
Honeywell International, Inc. | 9,000 | 1,928,700 |
Lockheed Martin Corporation | 6,000 | 2,918,940 |
Quanta Services, Inc. | 3,000 | 427,500 |
Raytheon Technologies Corporation | 13,500 | 1,362,420 |
TE Connectivity Ltd. | 9,000 | 1,033,200 |
9,585,322 | ||
Materials - 5.4% | ||
Albemarle Corporation | 5,000 | 1,084,300 |
Corteva, Inc. | 3,000 | 176,340 |
Freeport-McMoRan, Inc. | 25,000 | 950,000 |
Glencore plc - ADR | 25,000 | 333,000 |
ICL Group Ltd. | 10,000 | 73,100 |
International Paper Company | 5,000 | 173,150 |
Linde plc | 800 | 260,944 |
Mosaic Company (The) | 6,000 | 263,220 |
Nucor Corporation | 1,000 | 131,810 |
3,445,864 | ||
Real Estate - 2.5% | ||
Mid-America Apartment Communities, Inc. | 10,000 | 1,569,900 |
Technology - 18.7% | ||
Accenture plc - Class A | 4,000 | 1,067,360 |
Apple, Inc. | 13,500 | 1,754,055 |
ASML Holding N.V. | 500 | 273,200 |
Mastercard, Inc. - Class A | 2,000 | 695,460 |
Microsoft Corporation | 9,000 | 2,158,380 |
NVIDIA Corporation | 16,000 | 2,338,240 |
ON Semiconductor Corporation (a) | 4,000 | 249,480 |
QUALCOMM, Inc. | 6,000 | 659,640 |
Skyworks Solutions, Inc. | 8,000 | 729,040 |
Texas Instruments, Inc. | 6,200 | 1,024,364 |
Visa, Inc. - Class A | 5,000 | 1,038,800 |
11,988,019 | ||
Utilities - 2.6% | ||
Constellation Energy Corporation | 1,700 | 146,557 |
NextEra Energy, Inc. | 1,100 | 91,960 |
Southern Company (The) | 3,200 | 228,512 |
THE GOVERNMENT STREET EQUITY FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 88.2% (Continued) | Shares | Value |
Utilities - 2.6% (Continued) | ||
WEC Energy Group, Inc. | 13,000 | $ 1,218,880 |
1,685,909 | ||
Total Common Stocks (Cost $23,793,885) | $ 56,607,565 | |
EXCHANGE-TRADED FUNDS - 0.7% | Shares | Value |
Invesco S&P 500 Equal Weight ETF (Cost $416,545) | 3,000 | $ 423,750 |
MONEY MARKET FUNDS - 11.1% | Shares | Value |
Fidelity Institutional Money Market Government Portfolio - Class I, 4.06% (b) (Cost $7,127,972) | 7,127,972 | $ 7,127,972 |
Total Investments at Value - 100.0% (Cost $31,338,402) | $ 64,159,287 | |
Other Assets in Excess of Liabilities - 0.0% (c) | 15,027 | |
Net Assets - 100.0% | $ 64,174,314 | |
ADR | - American Depositary Receipt. |
(a) | Non-income producing security. |
(b) | The rate shown is the 7-day effective yield as of December 31, 2022. |
(c) | Percentage rounds to less than 0.1%. |
THE GOVERNMENT STREET OPPORTUNITIES FUND | ||
SCHEDULE OF INVESTMENTS | ||
December 31, 2022 (Unaudited) | ||
COMMON STOCKS - 84.7% | Shares | Value |
Consumer Discretionary - 2.3% | ||
Gildan Activewear, Inc. | 10,000 | $ 274,000 |
Hasbro, Inc. | 2,500 | 152,525 |
Service Corporation International | 13,000 | 898,820 |
1,325,345 | ||
Consumer Staples - 4.6% | ||
Bunge Ltd. | 3,000 | 299,310 |
Cal-Maine Foods, Inc. | 2,000 | 108,900 |
Celsius Holdings, Inc. (a) | 12,000 | 1,248,480 |
Church & Dwight Company, Inc. | 9,000 | 725,490 |
Ingles Markets, Inc. - Class A | 1,500 | 144,690 |
Molson Coors Beverage Company - Class B | 4,000 | 206,080 |
2,732,950 | ||
Energy - 7.2% | ||
APA Corporation | 9,000 | 420,120 |
Denbury, Inc. (a) | 1,500 | 130,530 |
Devon Energy Corporation | 10,000 | 615,100 |
Enphase Energy, Inc. (a) | 6,000 | 1,589,760 |
Marathon Oil Corporation | 21,000 | 568,470 |
Northern Oil and Gas, Inc. | 5,000 | 154,100 |
ONEOK, Inc. | 3,500 | 229,950 |
Ovintiv, Inc. | 6,000 | 304,260 |
Targa Resources Corporation | 1,750 | 128,625 |
Vertex Energy, Inc. (a) | 11,500 | 71,300 |
4,212,215 | ||
Financials - 17.6% | ||
American Financial Group, Inc. | 8,600 | 1,180,608 |
Ares Management Corporation - Class A | 6,500 | 444,860 |
Arthur J. Gallagher & Company | 8,000 | 1,508,320 |
B. Riley Financial, Inc. | 2,500 | 85,500 |
Berkley (W.R.) Corporation | 16,762 | 1,216,419 |
Brown & Brown, Inc. | 20,000 | 1,139,400 |
CME Group, Inc. | 5,000 | 840,800 |
Intercontinental Exchange, Inc. | 9,000 | 923,310 |
Morgan Stanley | 8,565 | 728,196 |
Nasdaq, Inc. | 24,000 | 1,472,400 |
Old Republic International Corporation | 24,400 | 589,260 |
Voya Financial, Inc. | 4,000 | 245,960 |
10,375,033 | ||
Health Care - 13.0% | ||
Bio-Rad Laboratories, Inc. - Class A (a) | 1,500 | 630,735 |
Bio-Techne Corporation | 16,000 | 1,326,080 |
Centene Corporation (a) | 6,000 | 492,060 |
Charles River Laboratories International, Inc. (a) | 4,500 | 980,550 |
Chemed Corporation | 2,500 | 1,276,075 |
Laboratory Corporation of America Holdings | 2,574 | 606,126 |
THE GOVERNMENT STREET OPPORTUNITIES FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 84.7% (Continued) | Shares | Value |
Health Care - 13.0% (Continued) | ||
Penumbra, Inc. (a) | 2,000 | $ 444,920 |
ResMed, Inc. | 1,200 | 249,756 |
Teleflex, Inc. | 3,950 | 986,038 |
Waters Corporation (a) | 2,000 | 685,160 |
7,677,500 | ||
Industrials - 16.7% | ||
AMETEK, Inc. | 2,350 | 328,342 |
C.H. Robinson Worldwide, Inc. | 4,000 | 366,240 |
Donaldson Company, Inc. | 13,000 | 765,310 |
Expeditors International of Washington, Inc. | 8,000 | 831,360 |
Fastenal Company | 18,000 | 851,760 |
Graco, Inc. | 13,000 | 874,380 |
Jacobs Solutions, Inc. | 8,475 | 1,017,593 |
L3Harris Technologies, Inc. | 5,400 | 1,124,334 |
MasTec, Inc. (a) | 5,700 | 486,381 |
MSC Industrial Direct Company, Inc. - Class A | 5,000 | 408,500 |
National Instruments Corporation | 12,000 | 442,800 |
nVent Electric plc | 2,900 | 111,563 |
Pentair plc | 2,900 | 130,442 |
Snap-on, Inc. | 1,475 | 337,023 |
Waste Connections, Inc. | 10,500 | 1,391,880 |
Woodward, Inc. | 3,900 | 376,779 |
9,844,687 | ||
Materials - 10.2% | ||
Albemarle Corporation | 6,700 | 1,452,962 |
American Vanguard Corporation | 6,000 | 130,260 |
Ashland, Inc. | 6,000 | 645,180 |
ATI, Inc. (a) | 2,000 | 59,720 |
CF Industries Holdings, Inc. | 1,000 | 85,200 |
ICL Group Ltd. | 17,000 | 124,270 |
Livent Corporation (a) | 2,000 | 39,740 |
Martin Marietta Materials, Inc. | 3,000 | 1,013,910 |
Packaging Corporation of America | 6,000 | 767,460 |
Steel Dynamics, Inc. | 14,000 | 1,367,800 |
Valvoline, Inc. | 9,236 | 301,555 |
5,988,057 | ||
Real Estate - 4.0% | ||
Mid-America Apartment Communities, Inc. | 15,000 | 2,354,850 |
Technology - 9.1% | ||
Advanced Micro Devices, Inc. (a) | 1,464 | 94,823 |
Analog Devices, Inc. | 3,671 | 602,154 |
ANSYS, Inc. (a) | 3,000 | 724,770 |
Arrow Electronics, Inc. (a) | 9,100 | 951,587 |
Broadridge Financial Solutions, Inc. | 3,500 | 469,455 |
Lam Research Corporation | 1,075 | 451,823 |
THE GOVERNMENT STREET OPPORTUNITIES FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 84.7% (Continued) | Shares | Value |
Technology - 9.1% (Continued) | ||
Microchip Technology, Inc. | 8,800 | $ 618,200 |
NVIDIA Corporation | 10,000 | 1,461,400 |
5,374,212 | ||
Total Common Stocks (Cost $16,310,926) | $ 49,884,849 | |
EXCHANGE-TRADED FUNDS - 0.6% | Shares | Value |
Invesco S&P MidCap 400 Equal Weight ETF (Cost $331,084) | 4,000 | $ 334,851 |
MONEY MARKET FUNDS - 14.6% | Shares | Value |
Fidelity Institutional Money Market Government Portfolio - Class I, 4.06% (b) (Cost $8,594,411) | 8,594,411 | $ 8,594,411 |
Total Investments at Value - 99.9% (Cost $25,236,421) | $ 58,814,111 | |
Other Assets in Excess of Liabilities - 0.1% | 34,113 | |
Net Assets - 100.0% | $ 58,848,224 | |
(a) | Non-income producing security. |
(b) | The rate shown is the 7-day effective yield as of December 31, 2022. |