CCM Core Impact Equity Fund
Schedule of Investments September 30, 2023 (Unaudited)
Shares | Value | |||||||
COMMON STOCK - 96.42% | ||||||||
Communication Services - 9.10% | ||||||||
Internet Content-Entmnt - 2.23% | ||||||||
Meta Platforms, Cl A (a) | 4,000 | $ | 1,200,840 | |||||
Web Portals/ISP - 6.87% | ||||||||
Alphabet, Cl A (a) | 15,000 | 1,962,900 | ||||||
Alphabet, Cl C (a) | 13,100 | 1,727,235 | ||||||
4,890,975 | ||||||||
Consumer Discretionary - 8.27% | ||||||||
Bldg-Residential/Commer - 2.73% | ||||||||
Lennar, Cl B | 10,000 | 1,022,300 | ||||||
NVR (a) | 75 | 447,247 | ||||||
Retail-Automobile - 4.51% | ||||||||
Asbury Automotive Group (a) | 5,400 | 1,242,378 | ||||||
Lithia Motors, Cl A | 4,000 | 1,181,320 | ||||||
Retail-Restaurants - 1.03% | ||||||||
Jack in the Box | 8,000 | 552,480 | ||||||
4,445,725 | ||||||||
Consumer Staples - 5.63% | ||||||||
Brewery - 1.03% | ||||||||
Constellation Brands, Cl A | 2,200 | 552,926 | ||||||
Cosmetics&Toiletries - 2.08% | ||||||||
Unilever PLC ADR | 22,700 | 1,121,380 | ||||||
Food-Confectionery - 2.52% | ||||||||
Mondelez International, Cl A | 19,500 | 1,353,300 | ||||||
3,027,606 | ||||||||
Financials - 20.84% | ||||||||
Commercial Serv-Finance - 6.41% | ||||||||
FleetCor Technologies (a) | 6,000 | 1,532,040 | ||||||
Global Payments | 16,600 | 1,915,474 | ||||||
Diversified Banking Inst - 2.05% | ||||||||
JPMorgan Chase | 7,600 | 1,102,152 | ||||||
Finance-Credit Card - 2.01% | ||||||||
Discover Financial Services | 12,500 | 1,082,875 | ||||||
Insurance Brokers - 0.76% | ||||||||
Willis Towers Watson | 1,950 | 407,472 | ||||||
Invest Mgmnt/Advis Serv - 5.53% | ||||||||
Ameriprise Financial | 4,000 | 1,318,720 | ||||||
BlackRock, Cl A | 1,700 | 1,099,033 | ||||||
Raymond James Financial | 5,500 | 552,365 | ||||||
Property/Casualty Ins - 4.08% | ||||||||
Assurant | 6,250 | 897,375 | ||||||
Berkshire Hathaway, Cl B (a) | 3,700 | 1,296,110 | ||||||
11,203,616 | ||||||||
Health Care - 15.97% | ||||||||
Diagnostic Equipment - 1.41% | ||||||||
Thermo Fisher Scientific | 1,500 | 759,255 | ||||||
Medical Instruments - 2.34% | ||||||||
Boston Scientific (a) | 23,800 | 1,256,640 |
CCM Core Impact Equity Fund
Schedule of Investments September 30, 2023 (Unaudited)
| Shares | Value | ||||||
COMMON STOCK — continued | ||||||||
Medical Labs&Testing Srv - 1.82% | ||||||||
Charles River Laboratories International (a) | 5,000 | $ | 979,900 | |||||
Medical-HMO - 6.73% | ||||||||
Elevance Health | 2,950 | 1,284,489 | ||||||
Humana | 3,000 | 1,459,560 | ||||||
Molina Healthcare (a) | 2,650 | 868,909 | ||||||
Medical-Hospitals - 1.80% | ||||||||
Universal Health Services, Cl B | 7,700 | 968,121 | ||||||
Medical-Whsle Drug Dist - 1.87% | ||||||||
Cencora, Cl A | 5,600 | 1,007,832 | ||||||
8,584,706 | ||||||||
Industrials - 9.77% | ||||||||
Airport Develop/Maint - 1.56% | ||||||||
Grupo Aeroportuario del Pacifico | 5,100 | 838,287 | ||||||
Bldg&Construct Prod-Misc - 1.93% | ||||||||
Owens Corning | 7,600 | 1,036,716 | ||||||
Commercial Services - 3.59% | ||||||||
Quanta Services | 10,300 | 1,926,821 | ||||||
Diversified Manufact Op - 2.17% | ||||||||
Parker-Hannifin | 3,000 | 1,168,560 | ||||||
Machinery-Pumps - 0.52% | ||||||||
Dover | 2,000 | 279,020 | ||||||
5,249,404 | ||||||||
Information Technology - 21.20% | ||||||||
Applications Software - 8.95% | ||||||||
Intuit | 2,400 | 1,226,256 | ||||||
Microsoft | 11,350 | 3,583,763 | ||||||
Electronic Compo-Semicon - 2.05% | ||||||||
Broadcom | 1,330 | 1,104,671 | ||||||
Electronic Forms - 2.37% | ||||||||
Adobe (a) | 2,500 | 1,274,750 | ||||||
Electronic Parts Distrib - 2.62% | ||||||||
TD SYNNEX | 14,100 | 1,408,026 | ||||||
Energy-Alternate Sources - 1.00% | ||||||||
Enphase Energy (a) | 4,452 | 534,908 | ||||||
Networking Products - 1.30% | ||||||||
Arista Networks (a) | 3,800 | 698,934 | ||||||
Semicon Compo-Intg Circu - 2.91% | ||||||||
Taiwan Semiconductor Manufacturing | 18,000 | 1,564,200 | ||||||
11,395,508 | ||||||||
Materials - 1.90% | ||||||||
Containers-Paper/Plastic - 1.90% | ||||||||
Berry Global Group | 16,500 | 1,021,515 | ||||||
Utilities - 3.74% | ||||||||
Electric-Generation - 0.81% | ||||||||
Brookfield Renewable Partners | 20,000 | 434,800 | ||||||
Electric-Integrated - 1.48% | ||||||||
CMS Energy | 15,000 | 796,650 |
CCM Core Impact Equity Fund
Schedule of Investments September 30, 2023 (Unaudited)
| Shares | Value | ||||||
COMMON STOCK — continued | ||||||||
Water - 1.45% | ||||||||
Veolia Environnement | 54,000 | $ | 779,220 | |||||
2,010,670 | ||||||||
TOTAL COMMON STOCK | ||||||||
(Cost $40,417,043) | 51,829,725 | |||||||
ESCROW SHARES - 0.01% | ||||||||
Industrials - 0.01% | ||||||||
Airlines - 0.01% | ||||||||
American Airlines Escrow (a) (b) | 218,835 | 6,565 | ||||||
TOTAL ESCROW SHARES | ||||||||
(Cost $24,535) | 6,565 | |||||||
SHORT-TERM INVESTMENT - 3.63% | ||||||||
Money Market Fund - 3.63% | ||||||||
First American Government Obligations Fund, Cl X, 5.27%, (c) | 1,948,649 | 1,948,649 | ||||||
TOTAL SHORT-TERM INVESTMENT | ||||||||
(Cost $1,948,649) | 1,948,649 | |||||||
Total Investments (Cost $42,390,227) - 100.06% | $ | 53,784,939 | ||||||
Liabilities in Excess of Other Assets, Net - (0.06)% | (32,277 | ) | ||||||
NET ASSETS - 100.00% | $ | 53,752,662 |
(a) | Non-income producing security. |
(b) | Level 3 security in accordance with fair value hierarchy. |
(c) | The rate shown is the 7-day effective yield as of September 30, 2023. |
ADR — American Depositary Receipt |
Cl — Class |
PLC — Public Limited Company |
CCM Small/Mid-Cap Impact Value Fund
Schedule of Investments September 30, 2023 (Unaudited)
Shares | Value | |||||||
COMMON STOCK - 94.93% | ||||||||
Consumer Discretionary - 16.51% | ||||||||
Bldg-Residential/Commer - 3.78% | ||||||||
Lennar, Cl B | 2,650 | $ | 270,909 | |||||
NVR (a) | 40 | 238,532 | ||||||
Recreational Vehicles - 2.82% | ||||||||
Brunswick | 4,800 | 379,200 | ||||||
Retail-Automobile - 6.99% | ||||||||
Asbury Automotive Group (a) | 2,200 | 506,154 | ||||||
Lithia Motors, Cl A | 1,475 | 435,612 | ||||||
Retail-Restaurants - 2.92% | ||||||||
Jack in the Box | 5,700 | 393,642 | ||||||
2,224,049 | ||||||||
Consumer Staples - 3.09% | ||||||||
Beverages-Non-alcoholic - 3.09% | ||||||||
Coca-Cola Femsa ADR | 5,300 | 415,732 | ||||||
Financials - 27.42% | ||||||||
Commer Banks-Eastern US - 2.00% | ||||||||
Financial Institutions | 16,000 | 269,280 | ||||||
Commer Banks-Southern US - 4.71% | ||||||||
First Citizens BancShares, Cl A | 460 | 634,846 | ||||||
Commercial Serv-Finance - 4.17% | ||||||||
FleetCor Technologies (a) | 2,200 | 561,748 | ||||||
Finance-Credit Card - 2.76% | ||||||||
Discover Financial Services | 4,300 | 372,509 | ||||||
Invest Mgmnt/Advis Serv - 7.64% | ||||||||
Ameriprise Financial | 1,600 | 527,488 | ||||||
Raymond James Financial | 5,000 | 502,150 | ||||||
Life/Health Insurance - 2.23% | ||||||||
F&G Annuities & Life | 10,695 | 300,102 | ||||||
Property/Casualty Ins - 3.91% | ||||||||
Assurant | 2,300 | 330,234 | ||||||
Fidelity National Financial | 4,750 | 196,175 | ||||||
3,694,532 | ||||||||
Health Care - 9.70% | ||||||||
Medical Labs&Testing Srv - 3.49% | ||||||||
Charles River Laboratories International (a) | 2,400 | 470,352 | ||||||
Medical-HMO - 4.62% | ||||||||
Molina Healthcare (a) | 1,900 | 622,991 | ||||||
Medical-Hospitals - 1.59% | ||||||||
Nobilis Health (a) (b) | 38,393 | — | ||||||
Universal Health Services, Cl B | 1,700 | 213,741 | ||||||
1,307,084 | ||||||||
Industrials - 20.27% | ||||||||
Airport Develop/Maint - 3.66% | ||||||||
Grupo Aeroportuario del Pacifico | 3,000 | 493,110 | ||||||
Bldg&Construct Prod-Misc - 3.90% | ||||||||
Owens Corning | 3,850 | 525,178 |
CCM Small/Mid-Cap Impact Value Fund
Schedule of Investments September 30, 2023 (Unaudited)
| Shares | Value | ||||||
COMMON STOCK — continued | ||||||||
Commercial Services - 4.23% | ||||||||
Quanta Services | 3,050 | $ | 570,564 | |||||
Diversified Manufact Op - 1.81% | ||||||||
Parker-Hannifin | 625 | 243,450 | ||||||
Machinery-Farm - 1.36% | ||||||||
Toro | 2,200 | 182,820 | ||||||
Machinery-General Indust - 2.35% | ||||||||
ATS (a) | 7,400 | 316,908 | ||||||
Machinery-Pumps - 2.96% | ||||||||
Dover | 1,500 | 209,265 | ||||||
Zurn Elkay Water Solutions | 6,800 | 190,536 | ||||||
2,731,831 | ||||||||
Information Technology - 5.78% | ||||||||
Electronic Parts Distrib - 4.44% | ||||||||
TD SYNNEX | 6,000 | 599,160 | ||||||
Energy-Alternate Sources - 1.34% | ||||||||
Enphase Energy (a) | 1,500 | 180,225 | ||||||
779,385 | ||||||||
Materials - 4.04% | ||||||||
Containers-Paper/Plastic - 4.04% | ||||||||
Berry Global Group | 8,800 | 544,808 | ||||||
Real Estate - 2.56% | ||||||||
REITS-Diversified - 0.89% | ||||||||
WP Carey | 2,200 | 118,976 | ||||||
REITS-Office Property - 1.67% | ||||||||
Alexandria Real Estate Equities | 2,250 | 225,225 | ||||||
344,201 | ||||||||
Utilities - 5.56% | ||||||||
Electric-Generation - 2.01% | ||||||||
Clearway Energy, Cl C | 12,800 | 270,848 | ||||||
Electric-Integrated - 3.55% | ||||||||
CMS Energy | 9,000 | 477,990 | ||||||
748,838 | ||||||||
TOTAL COMMON STOCK | ||||||||
(Cost $11,286,352) | 12,790,460 | |||||||
SHORT-TERM INVESTMENT - 5.09% | ||||||||
Money Market Fund - 5.09% | ||||||||
First American Government Obligations Fund, Cl X, 5.27%, (c) | 686,335 | 686,335 | ||||||
TOTAL SHORT-TERM INVESTMENT | ||||||||
(Cost $686,335) | 686,335 | |||||||
Total Investments (Cost $11,972,687) - 100.02% | $ | 13,476,795 | ||||||
Liabilities in Excess of Other Assets, Net - (0.02)% | (2,974 | ) | ||||||
NET ASSETS - 100.00% | $ | 13,473,821 |
(a) | Non-income producing security. |
(b) | Level 3 security in accordance with fair value hierarchy. |
(c) | The rate shown is the 7-day effective yield as of September 30, 2023. |
CCM Small/Mid-Cap Impact Value Fund
Schedule of Investments September 30, 2023 (Unaudited)
ADR — American Depositary Receipt |
Cl — Class |
REIT — Real Estate investment Trust |