Provident Trust Strategy Fund
SCHEDULE OF INVESTMENTS
December 31, 2022 (Unaudited)

Shares or Principal Amount			Value
COMMON STOCKS - 80.4% (a)
		Airlines - 1.6%
	88,460	Southwest Airlines Co. *	$	2,978,448
		Computer Services - 9.0%
	62,760	Accenture PLC, Cl A		16,746,879
		Distribution/Wholesale - 4.7%
	184,400	Fastenal Co.		8,725,808
		Finance, Credit Card - 5.7%
	50,891	Visa Inc.		10,573,114
		Finance, Investment Banker/Broker - 9.8%
	219,430	The Charles Schwab Corp.		18,269,741
		Investment Management/Advisory Services - 5.4%
	91,560	T. Rowe Price Group Inc.		9,985,533
		Medical, Health Maintenance Organization - 6.5%
	22,905	UnitedHealth Group Inc.		12,143,773
		Retail, Building Products - 5.9%
	35,110	The Home Depot, Inc.		11,089,845
		Retail, Discount - 8.1%
	33,110	Costco Wholesale Corp.		15,114,715
		Retail, Major Department Stores - 1.8%
	41,970	The TJX Companies, Inc.		3,340,812
		Super-Regional Banks - United States - 7.7%
	91,220	PNC Financial Services Group, Inc.		14,407,287
		Web Portals/Internet Service Providers - 14.2%
	150,000	Alphabet, Inc., Cl A *		13,234,500
	150,000	Alphabet, Inc., Cl C *		13,309,500
				26,544,000
		Total common stocks (cost $48,913,240)		149,919,955

SHORT-TERM INVESTMENTS - 19.6% (a)
		Money Market Fund - 10.1%
	18,865,877	First American Treasury Obligations Fund, Cl X, 4.177%^		18,865,877
		Total money market fund (cost $18,865,877)		18,865,877
		U.S. Treasury Securities - 9.5%
$	18,000,000	U.S. Treasury Bills, 4.514%, due 6/22/2023†		17,614,865
		Total U.S. treasury securities (cost $17,614,720)		17,614,865
		Total short-term investments (cost $36,480,597)
		Total investments - 100.0% (cost $85,393,837)		186,400,697
		Other assets, less liabilities - 0.0% (a)		50,770
		TOTAL NET ASSETS - 100.0%	$	186,451,467

(a)		Percentages for the various classifications relate to total net assets.
	*	Non-income producing security.
^		The rate quoted is the annualized 7-day yield as of December 31, 2022.
	†	The rate shown is the effective yield as of December 31, 2022.
PLC		- Public Limited Company

Provident Trust Strategy Fund

Summary of Fair Value Exposure at December 31, 2022 (Unaudited)

The Fund has adopted fair valuation accounting standards that establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs used to develop the measurements of fair value. The fair value hierarchy is categorized into three levels based on the inputs below:

Level 1 – Valuations based on unadjusted quoted prices in active markets for identical assets that the Fund has the ability to access.

Level 2 – Valuations based on quoted prices for similar assets or in markets that are not active or for which all significant inputs are observable, either directly or indirectly.

Level 3 – Valuations based on inputs that are unobservable and significant to the overall fair value measurement.

The following table summarizes the Fund’s investments as of December 31, 2022, based on the inputs used to value them:


	Investments in Securities
Valuation Inputs	Investments in Securities
Assets:
Level 1 - Common Stocks*	$	149,919,955
Money Market Fund		18,865,877
Total Level 1		168,785,832
Level 2 - U.S. Treasury Securities		17,614,865
Level 3 - None		---
Total	$	186,400,697

*See the Schedule of Investments for investments detailed by industry classifications.