FI
Institutional
Group
All
Foreign
Equity
Environmental
and
Social
Values
Fund
Schedule
of
Investments
May
31,
2025
(Unaudited)
COMMON
STOCKS
—
100.15%
Shares
Fair
Value
Argentina
—
1.15%
Consumer
Discretionary
—
1.15%
MercadoLibre,
Inc.
(a)
1
$
2,564
Total
Argentina
2,564
Australia
—
1.11%
Technology
—
1.11%
XERO
Ltd.
(a)
21
2,495
Total
Australia
2,495
Austria
—
0.54%
Financials
—
0.54%
Erste
Group
Bank
AG
(a)
15
1,207
Total
Austria
1,207
Brazil
—
2.97%
Financials
—
2.97%
Banco
Bradesco
SA
-
ADR
932
2,684
Itau
Unibanco
Holding
SA
-
ADR
600
3,954
6,638
Total
Brazil
6,638
Canada
—
2.69%
Financials
—
1.30%
Royal
Bank
of
Canada
23
2,913
Industrials
—
1.39%
Canadian
Pacific
Kansas
City
Ltd.
38
3,103
Total
Canada
6,016
China
—
9.63%
Communications
—
3.24%
NetEase,
Inc.
-
ADR
23
2,800
Tencent
Holdings
Ltd.
-
ADR
71
4,457
7,257
Consumer
Discretionary
—
4.90%
Alibaba
Group
Holding
Ltd.
-
ADR
30
3,416
Geely
Automobile
Holdings
Ltd.
1,046
2,350
Haier
Smart
Home
Company
Ltd.,
H
Shares
(a)
550
1,613
JD.com,
Inc.
-
ADR
52
1,685
Meituan
-
ADR
(a)
55
1,901
10,965
Consumer
Staples
—
0.69%
China
Mengniu
Dairy
Co.
Ltd.
682
1,538
Financials
—
0.80%
Ping
An
Insurance
(Group)
Company
of
China
Ltd.,
H
Shares
305
1,795
Total
China
21,555
FI
Institutional
Group
All
Foreign
Equity
Environmental
and
Social
Values
Fund
Schedule
of
Investments
(continued)
May
31,
2025
(Unaudited)
COMMON
STOCKS
—
100.15%
-
continued
Shares
Fair
Value
Denmark
—
2.53%
Energy
—
0.46%
Vestas
Wind
Systems
A/S
(a)
65
$
1,026
Health
Care
—
2.07%
Coloplast
A/S
-
ADR
(a)
51
490
Novo
Nordisk
A/S,
Class
B
60
4,144
4,634
Total
Denmark
5,660
France
—
16.01%
Consumer
Discretionary
—
4.29%
Cia
Generale
de
Establissements
Michelin
SCA
35
1,339
Hermes
International
SA
3
8,272
9,611
Consumer
Staples
—
1.32%
L’Oreal
SA
7
2,960
Financials
—
3.42%
BNP
Paribas
SA
26
2,278
Credit
Agricole
SA
116
2,121
Societe
Generale
SA
60
3,260
7,659
Health
Care
—
1.33%
Sanofi
30
2,982
Industrials
—
1.89%
Aeroports
de
Paris
19
2,548
Vinci
SA
-
ADR
47
1,683
4,231
Materials
—
2.91%
Cie
de
Saint-Gobain
58
6,510
Technology
—
0.85%
Dassault
Systems
SE
51
1,911
Total
France
35,864
Germany
—
8.70%
Communications
—
1.00%
Deutsche
Telekom
AG
(a)
59
2,230
Consumer
Staples
—
1.34%
Beiersdorf
AG
22
3,014
Financials
—
1.01%
Deutsche
Boerse
AG
7
2,254
Industrials
—
3.45%
Deutsche
Post
AG
71
3,174
Siemens
AG
19
4,570
7,744
FI
Institutional
Group
All
Foreign
Equity
Environmental
and
Social
Values
Fund
Schedule
of
Investments
(continued)
May
31,
2025
(Unaudited)
COMMON
STOCKS
—
100.15%
-
continued
Shares
Fair
Value
Germany
—
8.70%
-
continued
Technology
—
1.90%
SAP
SE
14
$
4,227
Total
Germany
19,469
India
—
2.11%
Financials
—
1.28%
HDFC
Bank
Ltd.
-
ADR
38
2,865
Technology
—
0.83%
Infosys
Ltd.
-
ADR
102
1,855
Total
India
4,720
Indonesia
—
0.57%
Financials
—
0.57%
Bank
Rakyat
Indonesia
Persero
Tbk
PT
-
ADR
94
1,271
Total
Indonesia
1,271
Italy
—
3.93%
Energy
—
1.52%
Eni
SpA
231
3,403
Financials
—
2.41%
Intesa
Sanpaolo
SpA
484
2,699
UniCredit
SpA
42
2,698
5,397
Total
Italy
8,800
Japan
—
12.13%
Consumer
Staples
—
0.80%
Mitsubishi
Corporation
-
ADR
(a)
88
1,781
Financials
—
7.60%
Mitsubishi
UFJ
Financial
Group,
Inc.
-
ADR
390
5,507
Mizuho
Financial
Group,
Inc.
100
2,782
Nomura
Holdings,
Inc.
-
ADR
608
3,703
Sumitomo
Mitsui
Financial
Group,
Inc.
-
ADR
328
5,054
17,046
Industrials
—
2.42%
Daifuku
Co.
Ltd.
-
ADR
95
1,259
FANUC
Corp.
-
ADR
58
775
Keyence
Corp.
8
3,377
5,411
Technology
—
1.31%
Sony
Group
Corp.
-
ADR
111
2,928
Total
Japan
27,166
FI
Institutional
Group
All
Foreign
Equity
Environmental
and
Social
Values
Fund
Schedule
of
Investments
(continued)
May
31,
2025
(Unaudited)
COMMON
STOCKS
—
100.15%
-
continued
Shares
Fair
Value
Korea
(Republic
of)
—
1.45%
Technology
—
1.45%
Samsung
Electronics
Co.
Ltd.
80
$
3,256
Total
Korea
(Republic
of)
3,256
Netherlands
—
4.76%
Financials
—
1.17%
ING
Groep
NV
123
2,609
Technology
—
3.59%
ASML
Holding
NV
7
5,198
Wolters
Kluwer
NV
16
2,840
8,038
Total
Netherlands
10,647
Norway
—
1.33%
Energy
—
1.33%
Equinor
ASA
127
2,980
Total
Norway
2,980
Poland
—
0.96%
Financials
—
0.96%
Bank
Polska
Kasa
Opieki
SA
(a)
22
1,084
Powszechna
Kasa
Oszczednosci
Bank
Polski
SA
53
1,067
2,151
Total
Poland
2,151
Spain
—
3.73%
Consumer
Discretionary
—
1.02%
Industria
de
Diseno
Textil
SA
42
2,276
Energy
—
1.32%
Repsol
SA
220
2,962
Financials
—
1.39%
Banco
Santander
SA
392
3,130
Total
Spain
8,368
Sweden
—
1.03%
Industrials
—
1.03%
Atlas
Copco
AB
144
2,312
Total
Sweden
2,312
Switzerland
—
5.74%
Financials
—
0.87%
UBS
Group
AG
(a)
61
1,942
Health
Care
—
3.28%
Novartis
AG
39
4,458
Roche
Holding
AG
9
2,905
7,363
FI
Institutional
Group
All
Foreign
Equity
Environmental
and
Social
Values
Fund
Schedule
of
Investments
(continued)
May
31,
2025
(Unaudited)
COMMON
STOCKS
—
100.15%
-
continued
Shares
Fair
Value
Switzerland
—
5.74%
-
continued
Industrials
—
1.59%
ABB
Ltd.
63
$
3,562
Total
Switzerland
12,867
Taiwan
Province
of
China
—
2.93%
Technology
—
2.93%
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.
-
ADR
34
6,573
Total
Taiwan
Province
of
China
6,573
United
Kingdom
—
14.15%
Consumer
Discretionary
—
1.23%
Next
PLC
16
2,773
Consumer
Staples
—
2.23%
Coca-Cola
European
Partners
PLC
38
3,488
Reckitt
Benckiser
Group
PLC
22
1,492
4,980
Energy
—
1.50%
BP
PLC
691
3,349
Financials
—
1.63%
Barclays
PLC
831
3,667
Health
Care
—
1.94%
AstraZeneca
PLC
30
4,333
Materials
—
3.47%
Anglo
American
PLC
96
2,852
Antofagasta
PLC
206
4,914
7,766
Technology
—
2.15%
Experian
PLC
97
4,827
Total
United
Kingdom
31,695
Total
Common
Stocks
(Cost $168,937)
224,274
MONEY
MARKET
FUNDS
-
1.16%
First
American
Government
Obligations
Fund,
Class
X,
4.23%
(b)
2,590
2,590
Total
Money
Market
Funds
(Cost
$2,590)
2,590
Total
Investments
—
101.31%
(Cost
$171,527)
226,864
Liabilities
in
Excess
of
Other
Assets — (1.31)%
(2,937)
NET
ASSETS
—
100.00%
$
223,927
(a)
Non-income
producing
security.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
May
31,
2025.
ADR
-
American
Depositary
Receipt
FI
Institutional
Group
U.S.
Large
Cap
Equity
Environmental
and
Social
Values
Fund
Schedule
of
Investments
May
31,
2025
(Unaudited)
COMMON
STOCKS
—
99.54%
Shares
Fair
Value
Communications
—
5.55%
Alphabet,
Inc.,
Class
A
54
$
9,274
Netflix,
Inc.
(a)
6
7,243
16,517
Consumer
Discretionary
—
10.44%
Amazon.com,
Inc.
(a)
58
11,891
Dick’s
Sporting
Goods,
Inc.
8
1,435
Home
Depot,
Inc.
(The)
23
8,470
KB
Home
63
3,250
Ralph
Lauren
Corp.
15
4,152
Yum!
Brands,
Inc.
13
1,871
31,069
Consumer
Staples
—
2.84%
Costco
Wholesale
Corp.
3
3,121
General
Mills,
Inc.
23
1,248
Kimberly-Clark
Corp.
6
863
Procter
&
Gamble
Co.
(The)
19
3,227
8,459
Energy
—
4.24%
Baker
Hughes
Co.
105
3,890
EOG
Resources,
Inc.
35
3,800
Halliburton
Co.
95
1,861
Schlumberger
Ltd.
93
3,074
12,625
Financials
—
20.41%
American
Express
Co.
25
7,351
Bank
of
America
Corp.
128
5,649
BlackRock,
Inc.
5
4,900
Charles
Schwab
Corp.
(The)
22
1,943
Citigroup,
Inc.
70
5,272
Goldman
Sachs
Group,
Inc.
(The)
12
7,205
Jefferies
Financial
Group,
Inc.
68
3,305
JPMorgan
Chase
&
Co.
29
7,656
Morgan
Stanley
34
4,353
T.
Rowe
Price
Group,
Inc.
27
2,527
U.S.
Bancorp
100
4,359
Visa,
Inc.,
Class
A
17
6,208
60,728
Health
Care
—
12.95%
Abbott
Laboratories
22
2,939
AbbVie,
Inc.
16
2,978
Amgen,
Inc.
11
3,170
Biogen,
Inc.
(a)
25
3,245
Eli
Lilly
&
Co.
7
5,163
Intuitive
Surgical,
Inc.
(a)
15
8,285
Johnson
&
Johnson
28
4,345
FI
Institutional
Group
U.S.
Large
Cap
Equity
Environmental
and
Social
Values
Fund
Schedule
of
Investments
(continued)
May
31,
2025
(Unaudited)
COMMON
STOCKS
—
99.54%
-
continued
Shares
Fair
Value
Health
Care
—
12.95%
-
continued
Medtronic
PLC
16
$
1,328
Merck
&
Co.,
Inc.
42
3,227
Pfizer,
Inc.
99
2,326
UnitedHealth
Group,
Inc.
5
1,510
Viatris,
Inc.
1
9
38,525
Industrials
—
11.91%
Acuity
Brands,
Inc.
8
2,079
Caterpillar,
Inc.
11
3,828
Cummins,
Inc.
10
3,215
Eaton
Corp.
PLC
12
3,843
Emerson
Electric
Co.
32
3,820
Flowserve
Corp.
43
2,146
HEICO
Corp.
14
4,195
Norfolk
Southern
Corp.
13
3,212
Otis
Worldwide
Corp.
26
2,479
Rockwell
Automation,
Inc.
16
5,049
United
Parcel
Service,
Inc.,
Class
B
16
1,561
35,427
Materials
—
1.18%
Nucor
Corp.
32
3,500
Technology
—
30.02%
Adobe,
Inc.
(a)
8
3,321
Advanced
Micro
Devices,
Inc.
(a)
23
2,547
Apple,
Inc.
93
18,679
Autodesk,
Inc.
(a)
10
2,961
KLA-Tencor
Corp.
2
1,514
Marvell
Technology,
Inc.
40
2,408
Microsoft
Corp.
49
22,557
NVIDIA
Corp.
172
23,242
Oracle
Corp.
22
3,642
QUALCOMM,
Inc.
20
2,904
Salesforce,
Inc.
21
5,572
89,347
Total
Common
Stocks (Cost $194,187)
296,197
MONEY
MARKET
FUNDS
—
0.55%
First
American
Government
Obligations
Fund,
Class
X,
4.23%
(b)
1,625
1,625
Total
Money
Market
Funds
(Cost
$1,625)
1,625
Total
Investments
—
100.09%
(Cost
$195,812)
297,822
Liabilities
in
Excess
of
Other
Assets — (0.09)%
(270)
NET
ASSETS
—
100.00%
$
297,552
FI
Institutional
Group
U.S.
Large
Cap
Equity
Environmental
and
Social
Values
Fund
Schedule
of
Investments
(continued)
May
31,
2025
(Unaudited)
(a)
Non-income
producing
security.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
May
31,
2025.
FI
Institutional
Group
U.S.
Small
Cap
Equity
Fund
Schedule
of
Investments
May
31,
2025
(Unaudited)
COMMON
STOCKS
—
100.46%
Shares
Fair
Value
Consumer
Discretionary
—
13.74%
Abercrombie
&
Fitch
Co.,
Class
A
(a)
40
$
3,140
Brinker
International,
Inc.
(a)
14
2,417
Builders
FirstSource,
Inc.
(a)
34
3,661
KB
Home
36
1,857
M/I
Homes,
Inc.
(a)
38
4,051
Pool
Corp.
5
1,503
Shake
Shack,
Inc.,
Class
A
(a)
34
4,413
Taylor
Morrison
Home
Corp.
(a)
46
2,589
Urban
Outfitters,
Inc.
(a)
36
2,516
26,147
Consumer
Staples
—
1.72%
Boston
Beer
Company,
Inc.
(The),
Class
A
(a)
8
1,839
Freshpet,
Inc.
(a)
18
1,443
3,282
Energy
—
4.32%
Helmerich
&
Payne,
Inc.
32
488
Matador
Resources
Co.
40
1,720
Murphy
Oil
Corp.
71
1,486
Oceaneering
International,
Inc.
(a)
115
2,193
Ovintiv,
Inc.
65
2,329
8,216
Financials
—
23.34%
Cadence
Bank
119
3,606
Columbia
Banking
System,
Inc.
111
2,595
Evercore
Partners,
Inc.,
Class
A
19
4,398
First
Merchants
Corp.
87
3,280
Fulton
Financial
Corp.
120
2,070
Hancock
Whitney
Corporation
39
2,132
Home
BancShares,
Inc.
110
3,112
Independent
Bank
Corp.
47
2,891
Moelis
&
Co.,
Class
A
39
2,227
Old
National
Bancorp
154
3,212
Piper
Sandler
Companies
19
4,778
Simmons
First
National
Corp.,
Class
A
108
2,026
South
State
Corp.
30
2,634
Stifel
Financial
Corp.
26
2,450
Victory
Capital
Holdings,
Inc.
32
1,984
Virtus
Investment
Partners,
Inc.
6
1,024
44,419
Health
Care
—
16.91%
Acadia
Pharmaceuticals,
Inc.
(a)
42
906
Agios
Pharmaceuticals,
Inc.
(a)
44
1,412
Align
Technology,
Inc.
(a)
9
1,628
Alkermes
PLC
(a)
29
888
Arcus
Biosciences,
Inc.
(a)
84
750
FI
Institutional
Group
U.S.
Small
Cap
Equity
Fund
Schedule
of
Investments
(continued)
May
31,
2025
(Unaudited)
COMMON
STOCKS
—
100.46%
-
continued
Shares
Fair
Value
Health
Care
—
16.91%
-
continued
Arrowhead
Pharmaceuticals,
Inc.
(a)
32
$
514
Azenta,
Inc.
(a)
26
695
BioCryst
Pharmaceuticals,
Inc.
(a)
74
796
Blueprint
Medicines
Corp.
(a)
12
1,216
Celldex
Therapeutics,
Inc.
(a)
43
851
CONMED
Corp.
54
3,065
Crinetics
Pharmaceuticals,
Inc.
(a)
21
641
Cytokinetics,
Inc.
(a)
27
838
Day
One
Biopharmaceuticals,
Inc.
(a)
88
561
Denali
Therapeutics,
Inc.
(a)
58
768
Exact
Sciences
Corp.
(a)
13
732
Haemonetics
Corp.
(a)
27
1,828
Halozyme
Therapeutics,
Inc.
(a)
30
1,682
Ideaya
Biosciences,
Inc.
(a)
43
855
Kiniksa
Pharmaceuticals
International
PLC
(a)
50
1,368
Ligand
Pharmaceuticals,
Inc.,
Class
B
(a)
13
1,328
Medpace
Holdings,
Inc.
(a)
8
2,359
Neurocrine
Biosciences,
Inc.
(a)
6
738
Nuvalent,
Inc.,
Class
A
(a)
12
895
OmniAb,
Inc.
-
Earnout
Shares
(a)(b)
4
—
OmniAb,
Inc.
-
Earnout
Shares
(a)(b)
4
—
Vericel
Corp.
(a)
25
1,032
Viridian
Therapeutics,
Inc.
(a)
56
780
WillScot
Mobile
Mini
Holdings
Corp.
(a)
113
3,045
32,171
Industrials
—
22.74%
AeroVironment,
Inc.
(a)
20
3,560
Cactus,
Inc.,
Class
A
86
3,526
Casella
Waste
Systems,
Inc.,
Class
A
(a)
22
2,579
Chart
Industries,
Inc.
(a)
19
2,980
Columbus
McKinnon
Corp.
68
990
Dayforce,
Inc.
(a)
24
1,418
HEICO
Corp.
6
1,798
Herc
Holdings,
Inc.
19
2,356
Lincoln
Electric
Holdings,
Inc.
15
2,904
Mercury
Systems,
Inc.
(a)
51
2,512
Montrose
Environmental
Group,
Inc.
(a)
51
996
MYR
Group,
Inc.
(a)
27
4,235
Paycom
Software,
Inc.
8
2,073
Paylocity
Holdings
Corp.
(a)
29
5,536
Powell
Industries,
Inc.
14
2,374
Terex
Corp.
76
3,421
43,258
Materials
—
3.81%
Cleveland-Cliffs,
Inc.
(a)
97
566
UFP
Industries,
Inc.
30
2,927
FI
Institutional
Group
U.S.
Small
Cap
Equity
Fund
Schedule
of
Investments
(continued)
May
31,
2025
(Unaudited)
COMMON
STOCKS
—
100.46%
-
continued
Shares
Fair
Value
Materials
—
3.81%
-
continued
Worthington
Industries,
Inc.
54
$
3,180
Worthington
Steel,
Inc.
23
573
7,246
Real
Estate
—
1.29%
Macerich
Co.
(The)
152
2,459
Technology
—
12.59%
Advanced
Energy
Industries,
Inc.
48
5,509
Alarm.com
Holdings,
Inc.
(a)
37
2,124
Amkor
Technology,
Inc.
74
1,333
Box,
Inc.,
Class
A
(a)
89
3,367
Donnelley
Financial
Solutions,
Inc.
(a)
38
2,070
Five9,
Inc.
(a)
36
954
Manhattan
Associates,
Inc.
(a)
11
2,077
Qualys,
Inc.
(a)
14
1,940
SPS
Commerce,
Inc.
(a)
15
2,111
Tenable
Holdings,
Inc.
(a)
50
1,611
Veeco
Instruments,
Inc.
(a)
44
850
23,946
Total
Common
Stocks (Cost $163,666)
191,144
MONEY
MARKET
FUNDS
—
0.28%
First
American
Government
Obligations
Fund,
Class
X,
4.23%
(c)
526
526
Total
Money
Market
Funds
(Cost
$526)
526
Total
Investments
—
100.74%
(Cost
$164,192)
191,670
Liabilities
in
Excess
of
Other
Assets — (0.74)%
(1,409)
NET
ASSETS
—
100.00%
$
190,261
(a)
Non-income
producing
security.
(b)
Security
is
currently
being
valued
according
to
the
fair
value
procedures
of
the
Adviser,
as
Valuation
Designee,
under
oversight
of
the
Board’s
Pricing
&
Liquidity
Committee.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
May
31,
2025.
FI
Institutional
Group
Stock
Fund
for
Retirement
Plans
Schedule
of
Investments
May
31,
2025
(Unaudited)
COMMON
STOCKS
—
99.48%
Shares
Fair
Value
Australia
—
0.45%
Materials
—
0.45%
BHP
Group
Ltd.
26
$
641
Rio
Tinto
Ltd.
10
726
1,367
Total
Australia
1,367
Brazil
—
0.90%
Financials
—
0.78%
Banco
Bradesco
SA
-
ADR
357
1,028
Itau
Unibanco
Holding
SA
-
ADR
201
1,325
2,353
Materials
—
0.12%
Vale
SA
-
ADR
38
347
Total
Brazil
2,700
Canada
—
2.38%
Energy
—
0.34%
Suncor
Energy,
Inc.
29
1,031
Industrials
—
0.70%
Canadian
Pacific
Kansas
City
Ltd.
26
2,123
Materials
—
1.34%
Hudbay
Minerals,
Inc.
232
2,070
Lundin
Mining
Corp.
208
1,969
4,039
Total
Canada
7,193
China
—
4.06%
Communications
—
0.81%
Tencent
Holdings
Ltd.
-
ADR
39
2,448
Consumer
Discretionary
—
1.48%
Alibaba
Group
Holding
Ltd.
-
ADR
21
2,391
Meituan
Dianping
(a)
118
2,077
4,468
Financials
—
1.62%
CITIC
Securities
Co.,
Ltd.
(a)
1,136
2,880
Ping
An
Insurance
(Group)
Company
of
China
Ltd.,
H
Shares
341
2,007
4,887
Health
Care
—
0.15%
Sino
Biopharmaceutical
Ltd.
-
ADR
41
439
Total
China
12,242
Denmark
—
0.34%
Industrials
—
0.34%
FLSmidth
&
Co.
A/S
(a)
18
1,040
Total
Denmark
1,040
FI
Institutional
Group
Stock
Fund
for
Retirement
Plans
Schedule
of
Investments
(continued)
May
31,
2025
(Unaudited)
COMMON
STOCKS
—
99.48%
-
continued
Shares
Fair
Value
Finland
—
0.30%
Industrials
—
0.30%
Valmet
Oyj
(a)
28
$
914
Total
Finland
914
France
—
2.20%
Consumer
Discretionary
—
0.47%
Kering
SA
-
ADR
72
1,413
Energy
—
0.51%
TotalEnergies
SE
26
1,525
Financials
—
0.67%
BNP
Paribas
SA
23
2,015
Technology
—
0.55%
Dassault
Systems
SE
44
1,649
Total
France
6,602
Germany
—
3.52%
Consumer
Discretionary
—
1.18%
adidas
AG
12
2,991
Sixt
SE
6
570
3,561
Industrials
—
2.34%
MTU
Aero
Engines
AG
8
3,184
Siemens
AG
16
3,848
7,032
Total
Germany
10,593
India
—
0.39%
Technology
—
0.39%
Infosys
Ltd.
-
ADR
65
1,182
Total
India
1,182
Italy
—
1.73%
Energy
—
0.49%
Eni
SpA
101
1,488
Financials
—
1.24%
Intesa
Sanpaolo
SpA
672
3,747
Total
Italy
5,235
Japan
—
2.23%
Financials
—
0.53%
Sumitomo
Mitsui
Financial
Group,
Inc.
-
ADR
104
1,603
Industrials
—
1.70%
Daifuku
Co.
Ltd.
-
ADR
85
1,126
FANUC
Corp.
-
ADR
99
1,323
SMC
Corp.
-
ADR
98
1,841
FI
Institutional
Group
Stock
Fund
for
Retirement
Plans
Schedule
of
Investments
(continued)
May
31,
2025
(Unaudited)
COMMON
STOCKS
—
99.48%
-
continued
Shares
Fair
Value
Japan
—
2.23%
-
continued
Industrials
—
1.70%
-
continued
Yaskawa
Electric
Corp.
-
ADR
(a)
18
$
843
5,133
Total
Japan
6,736
Netherlands
—
1.88%
Financials
—
0.65%
ING
Groep
NV
(a)
93
1,973
Technology
—
1.23%
ASML
Holding
NV
5
3,713
Total
Netherlands
5,686
Spain
—
2.50%
Financials
—
2.50%
Banco
Bilbao
Vizcaya
Argentaria
SA
250
3,750
Banco
Santander
SA
479
3,824
7,574
Total
Spain
7,574
Switzerland
—
2.02%
Financials
—
1.00%
UBS
Group
AG
(a)
94
2,992
Health
Care
—
1.02%
Novartis
AG
27
3,086
Total
Switzerland
6,078
Taiwan
Province
of
China
—
3.27%
Technology
—
3.27%
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.
-
ADR
51
9,859
Total
Taiwan
Province
of
China
9,859
United
Kingdom
—
3.28%
Energy
—
1.25%
BP
PLC
248
1,202
Shell
PLC
77
2,556
3,758
Health
Care
—
2.03%
AstraZeneca
PLC
22
3,178
GSK
PLC
146
2,965
6,143
Total
United
Kingdom
9,901
United
States
—
68.03%
Communications
—
6.39%
Alphabet,
Inc.,
Class
A
53
9,103
Meta
Platforms,
Inc.,
Class
A
12
7,770
FI
Institutional
Group
Stock
Fund
for
Retirement
Plans
Schedule
of
Investments
(continued)
May
31,
2025
(Unaudited)
COMMON
STOCKS
—
99.48%
-
continued
Shares
Fair
Value
United
States
—
68.03%
-
continued
Communications
—
6.39%
-
continued
Netflix,
Inc.
(a)
2
$
2,414
19,287
Consumer
Discretionary
—
5.37%
Amazon.com,
Inc.
(a)
40
8,199
Home
Depot,
Inc.
(The)
8
2,946
Starbucks
Corp.
13
1,091
Toll
Brothers,
Inc.
38
3,962
16,198
Consumer
Staples
—
6.28%
Coca-Cola
Co.
(The)
42
3,028
Costco
Wholesale
Corp.
5
5,201
PepsiCo,
Inc.
13
1,709
Procter
&
Gamble
Co.
(The)
21
3,568
Walmart,
Inc.
55
5,429
18,935
Energy
—
3.19%
Chevron
Corp.
30
4,101
ConocoPhillips
11
939
Exxon
Mobil
Corp.
45
4,603
9,643
Financials
—
11.07%
American
Express
Co.
13
3,823
Bank
of
America
Corp.
67
2,957
BlackRock,
Inc.
3
2,940
Citigroup,
Inc.
42
3,163
Goldman
Sachs
Group,
Inc.
(The)
5
3,002
Invesco
Ltd.
52
752
Jefferies
Financial
Group,
Inc.
25
1,215
JPMorgan
Chase
&
Co.
14
3,696
MasterCard,
Inc.,
Class
A
6
3,514
Morgan
Stanley
29
3,713
T.
Rowe
Price
Group,
Inc.
10
936
Visa,
Inc.,
Class
A
10
3,652
33,363
Health
Care
—
8.50%
Abbott
Laboratories
9
1,202
Danaher
Corp.
5
950
Eli
Lilly
&
Co.
8
5,900
Exact
Sciences
Corp.
(a)
14
788
Intuitive
Surgical,
Inc.
(a)
9
4,971
Johnson
&
Johnson
14
2,173
Merck
&
Co.,
Inc.
32
2,459
Pfizer,
Inc.
114
2,678
PTC
Therapeutics,
Inc.
(a)
15
728
Sarepta
Therapeutics,
Inc.
(a)
28
1,053
FI
Institutional
Group
Stock
Fund
for
Retirement
Plans
Schedule
of
Investments
(continued)
May
31,
2025
(Unaudited)
COMMON
STOCKS
—
99.48%
-
continued
Shares
Fair
Value
United
States
—
68.03%
-
continued
Health
Care
—
8.50%
-
continued
Thermo
Fisher
Scientific,
Inc.
3
$
1,208
UnitedHealth
Group,
Inc.
5
1,510
25,620
Industrials
—
6.85%
AeroVironment,
Inc.
(a)
17
3,027
Boeing
Co.
(The)
(a)
10
2,073
Cummins,
Inc.
10
3,215
Deere
&
Co.
6
3,038
IDEX
Corp.
7
1,266
Lennox
International,
Inc.
7
3,951
Rockwell
Automation,
Inc.
6
1,893
RTX
Corp.
16
2,184
20,647
Materials
—
0.39%
Cleveland-Cliffs,
Inc.
(a)
69
402
Materion
Corp.
10
774
1,176
Technology
—
19.99%
Adobe,
Inc.
(a)
5
2,075
Advanced
Micro
Devices,
Inc.
(a)
24
2,658
Apple,
Inc.
57
11,448
Autodesk,
Inc.
(a)
7
2,073
Intuit,
Inc.
4
3,014
Microsoft
Corp.
27
12,430
NVIDIA
Corp.
130
17,568
Oracle
Corp.
22
3,642
Salesforce,
Inc.
9
2,388
ServiceNow,
Inc.
(a)
3
3,033
60,329
Total
United
States
205,198
Total
Common
Stocks
(Cost $188,666)
300,100
MONEY
MARKET
FUNDS
—
0.35%
First
American
Government
Obligations
Fund,
Class
X,
4.23%
(b)
1,065
1,065
Total
Money
Market
Funds
(Cost
$1,065)
1,065
Total
Investments
—
99.83%
(Cost
$189,731)
301,165
Other
Assets
in
Excess
of
Liabilities — 0.17%
521
NET
ASSETS
—
100.00%
$
301,686
(a)
Non-income
producing
security.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
May
31,
2025.
ADR
-
American
Depositary
Receipt
FI
Institutional
Group
ESG
Stock
Fund
for
Retirement
Plans
Schedule
of
Investments
May
31,
2025
(Unaudited)
COMMON
STOCKS
—
99.00%
Shares
Fair
Value
Brazil
—
1.16%
Financials
—
1.16%
Banco
Bradesco
SA
-
ADR
521
$
1,500
Itau
Unibanco
Holding
SA
-
ADR
304
2,003
3,503
Total
Brazil
3,503
Canada
—
0.78%
Materials
—
0.78%
Hudbay
Minerals,
Inc.
158
1,408
Lundin
Mining
Corp.
100
947
2,355
Total
Canada
2,355
China
—
4.04%
Communications
—
0.83%
Tencent
Holdings
Ltd.
-
ADR
40
2,511
Consumer
Discretionary
—
1.60%
Alibaba
Group
Holding
Ltd.
-
ADR
21
2,391
Meituan
Dianping
(a)
139
2,446
4,837
Financials
—
1.46%
CITIC
Securities
Co.,
Ltd.
(a)
910
2,307
Ping
An
Insurance
(Group)
Company
of
China
Ltd.,
H
Shares
357
2,101
4,408
Health
Care
—
0.15%
Sino
Biopharmaceutical
Ltd.
-
ADR
42
449
Total
China
12,205
Denmark
—
0.74%
Industrials
—
0.74%
FLSmidth
&
Co.
A/S
(a)
12
693
Vestas
Wind
Systems
A/S
(a)
98
1,546
2,239
Total
Denmark
2,239
Finland
—
0.21%
Industrials
—
0.21%
Valmet
Oyj
(a)
19
620
Total
Finland
620
France
—
2.73%
Consumer
Discretionary
—
0.47%
Kering
SA
-
ADR
72
1,413
Energy
—
0.58%
TotalEnergies
SE
30
1,760
FI
Institutional
Group
ESG
Stock
Fund
for
Retirement
Plans
Schedule
of
Investments
(continued)
May
31,
2025
(Unaudited)
COMMON
STOCKS
—
99.00%
-
continued
Shares
Fair
Value
France
—
2.73%
-
continued
Financials
—
1.07%
BNP
Paribas
SA
37
$
3,241
Technology
—
0.61%
Dassault
Systems
SE
49
1,836
Total
France
8,250
Germany
—
2.46%
Consumer
Discretionary
—
1.26%
adidas
AG
13
3,240
Sixt
SE
6
570
3,810
Industrials
—
1.20%
Siemens
AG
15
3,608
Total
Germany
7,418
India
—
0.28%
Technology
—
0.28%
Infosys
Ltd.
-
ADR
47
855
Total
India
855
Italy
—
2.30%
Energy
—
0.94%
Eni
SpA
192
2,828
Financials
—
1.36%
Intesa
Sanpaolo
SpA
730
4,070
Total
Italy
6,898
Japan
—
1.96%
Financials
—
0.85%
Sumitomo
Mitsui
Financial
Group,
Inc.
-
ADR
167
2,573
Industrials
—
1.11%
Daifuku
Co.
Ltd.
-
ADR
64
848
FANUC
Corp.
-
ADR
92
1,229
Yaskawa
Electric
Corp.
-
ADR
(a)
27
1,264
3,341
Total
Japan
5,914
Netherlands
—
1.48%
Technology
—
1.48%
ASML
Holding
NV
6
4,455
Total
Netherlands
4,455
FI
Institutional
Group
ESG
Stock
Fund
for
Retirement
Plans
Schedule
of
Investments
(continued)
May
31,
2025
(Unaudited)
COMMON
STOCKS
—
99.00%
-
continued
Shares
Fair
Value
Norway
—
1.06%
Energy
—
1.06%
Equinor
ASA
136
$
3,191
Total
Norway
3,191
Spain
—
2.53%
Financials
—
2.53%
Banco
Bilbao
Vizcaya
Argentaria
SA
266
3,990
Banco
Santander
SA
457
3,649
7,639
Total
Spain
7,639
Switzerland
—
2.94%
Financials
—
0.99%
UBS
Group
AG
94
2,993
Health
Care
—
0.88%
Novartis
AG
23
2,629
Industrials
—
1.07%
ABB
Ltd.
57
3,225
Total
Switzerland
8,847
Taiwan
Province
of
China
—
3.33%
Technology
—
3.33%
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.
-
ADR
52
10,053
Total
Taiwan
Province
of
China
10,053
United
Kingdom
—
4.73%
Consumer
Staples
—
0.55%
Unilever
PLC
26
1,653
Energy
—
2.14%
BP
PLC
675
3,273
Shell
PLC
97
3,201
6,474
Health
Care
—
0.67%
AstraZeneca
PLC
14
2,022
Materials
—
1.37%
Anglo
American
PLC
55
1,634
Antofagasta
PLC
105
2,505
4,139
Total
United
Kingdom
14,288
United
States
—
66.27%
Communications
—
3.99%
Alphabet,
Inc.,
Class
A
49
8,415
Netflix,
Inc.
(a)
3
3,622
12,037
FI
Institutional
Group
ESG
Stock
Fund
for
Retirement
Plans
Schedule
of
Investments
(continued)
May
31,
2025
(Unaudited)
COMMON
STOCKS
—
99.00%
-
continued
Shares
Fair
Value
United
States
—
66.27%
-
continued
Consumer
Discretionary
—
4.87%
Amazon.com,
Inc.
(a)
39
$
7,995
Home
Depot,
Inc.
(The)
8
2,946
Toll
Brothers,
Inc.
36
3,753
14,694
Consumer
Staples
—
5.49%
Colgate-Palmolive
Co.
29
2,695
Costco
Wholesale
Corp.
4
4,161
PepsiCo,
Inc.
18
2,366
Procter
&
Gamble
Co.
(The)
20
3,398
Walmart,
Inc.
40
3,949
16,569
Energy
—
1.16%
ConocoPhillips
18
1,536
Schlumberger
Ltd.
59
1,950
3,486
Financials
—
13.02%
American
Express
Co.
14
4,117
Bank
of
America
Corp.
68
3,001
BlackRock,
Inc.
4
3,920
Citigroup,
Inc.
61
4,596
Goldman
Sachs
Group,
Inc.
(The)
5
3,002
Invesco
Ltd.
124
1,793
Jefferies
Financial
Group,
Inc.
20
972
JPMorgan
Chase
&
Co.
14
3,696
MasterCard,
Inc.,
Class
A
7
4,099
Morgan
Stanley
26
3,329
T.
Rowe
Price
Group,
Inc.
14
1,310
Visa,
Inc.,
Class
A
15
5,478
39,313
Health
Care
—
9.76%
Abbott
Laboratories
9
1,202
Danaher
Corp.
5
950
Eli
Lilly
&
Co.
12
8,853
Exact
Sciences
Corp.
(a)
17
957
Intuitive
Surgical,
Inc.
(a)
9
4,971
Johnson
&
Johnson
15
2,328
Merck
&
Co.,
Inc.
28
2,152
Pfizer,
Inc.
80
1,879
PTC
Therapeutics,
Inc.
(a)
14
679
Sarepta
Therapeutics,
Inc.
(a)
5
188
Thermo
Fisher
Scientific,
Inc.
4
1,611
UnitedHealth
Group,
Inc.
5
1,510
Vertex
Pharmaceuticals,
Inc.
(a)
5
2,210
29,490
FI
Institutional
Group
ESG
Stock
Fund
for
Retirement
Plans
Schedule
of
Investments
(continued)
May
31,
2025
(Unaudited)
COMMON
STOCKS
—
99.00%
-
continued
Shares
Fair
Value
United
States
—
66.27%
-
continued
Industrials
—
8.07%
Cummins,
Inc.
11
$
3,536
Deere
&
Co.
7
3,544
HEICO
Corp.
15
4,495
Lennox
International,
Inc.
9
5,079
Rockwell
Automation,
Inc.
10
3,156
Union
Pacific
Corp.
7
1,552
Xylem,
Inc.
24
3,025
24,387
Technology
—
19.91%
Adobe,
Inc.
(a)
5
2,075
Advanced
Micro
Devices,
Inc.
(a)
23
2,547
Apple,
Inc.
55
11,047
Autodesk,
Inc.
(a)
8
2,369
Intuit,
Inc.
4
3,014
Microsoft
Corp.
28
12,891
NVIDIA
Corp.
130
17,567
Oracle
Corp.
21
3,476
Salesforce,
Inc.
8
2,123
ServiceNow,
Inc.
(a)
3
3,033
60,142
Total
United
States
200,118
Total
Common
Stocks
(Cost $188,977)
298,848
PREFERRED
STOCKS
—
0.37%
Australia
—
0.37%
Materials
—
0.37%
Fortescue
Metals
Group
Ltd.
113
1,121
Total
Australia
1,121
Total
Preferred
Stocks
(Cost $1,554)
1,121
MONEY
MARKET
FUNDS
—
0.47%
First
American
Government
Obligations
Fund,
Class
X,
4.23%
(b)
1,417
1,417
Total
Money
Market
Funds
(Cost
$1,417)
1,417
Total
Investments
—
99.84%
(Cost
$191,948)
301,386
Other
Assets
in
Excess
of
Liabilities — 0.16%
473
NET
ASSETS
—
100.00%
$
301,859
(a)
Non-income
producing
security.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
May
31,
2025.
ADR
-
American
Depositary
Receipt
FI
Institutional
Group
Fixed
Income
Fund
for
Retirement
Plans
Schedule
of
Investments
May
31,
2025
(Unaudited)
CORPORATE
BONDS
—
24.11%
Principal
Amount
Fair
Value
Communications
—
3.20%
Comcast
Corp.,
3.55%,
5/1/2028
$
100,000
$
97,922
Consumer
Staples
—
3.45%
Procter
&
Gamble
Co.
(The),
5.50%,
2/1/2034
100,000
105,780
Financials
—
9.28%
BlackRock,
Inc.,
3.25%,
4/30/2029
100,000
96,637
Charles
Schwab
Corp.
(The),
2.90%,
3/3/2032
100,000
88,108
JPMorgan
Chase
&
Co.,
4.13%,
12/15/2026
100,000
99,549
284,294
Health
Care
—
2.13%
Bristol-Myers
Squibb
Co.,
4.55%,
2/20/2048
78,000
65,192
Real
Estate
—
3.48%
Simon
Property
Group
LP,
6.25%,
1/15/2034
100,000
106,578
Technology
—
2.57%
International
Business
Machines
Corp.,
4.25%,
5/15/2049
100,000
78,811
Total
Corporate
Bonds
(Cost $832,962)
738,577
U.S.
GOVERNMENT
&
AGENCIES
—
43.66%
United
States
Treasury
Note,
2.63
%
,
2/15/2029
426,100
407,242
United
States
Treasury
Note,
4.00
%
,
1/31/2031
458,000
456,488
United
States
Treasury
Note,
4.50
%
,
2/15/2036
469,000
474,002
Total
U.S.
Government
&
Agencies
(Cost $1,465,177)
1,337,732
EXCHANGE-TRADED
FUNDS
—
30.40%
Shares
iShares
MBS
ETF
(a)
10,051
931,225
Total
Exchange-Traded
Funds
(Cost $1,000,800)
931,225
MONEY
MARKET
FUNDS
—
1.04%
First
American
Government
Obligations
Fund,
Class
X,
4.23%
(b)
31,947
31,947
Total
Money
Market
Funds
(Cost
$31,947)
31,947
Total
Investments
—
99.21%
(Cost
$3,330,886)
3,039,481
Other
Assets
in
Excess
of
Liabilities — 0.79%
24,259
NET
ASSETS
—
100.00%
$
3,063,740
(a)
Represents
an
investment
greater
than
25%
of
the
Fund’s
net
assets.
Performance
of
the
Fund
may
be
adversely
impacted
by
concentrated
investments
in
securities.
As
of
May
31,
2025,
the
percentage
of
net
assets
invested
in
this
security
was
30.40%
of
the
Fund.
The
financial
statements
and
portfolio
holdings
for
this
security
can
be
found
at
www.sec.gov.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
May
31,
2025.
FI
Institutional
Group
ESG
Fixed
Income
Fund
for
Retirement
Plans
Schedule
of
Investments
May
31,
2025
(Unaudited)
CORPORATE
BONDS
—
24.33%
Principal
Amount
Fair
Value
Communications
—
3.23%
Comcast
Corp.,
3.55%,
5/1/2028
$
100,000
$
97,922
Consumer
Staples
—
3.48%
Procter
&
Gamble
Co.
(The),
5.50%,
2/1/2034
100,000
105,780
Financials
—
9.36%
BlackRock,
Inc.,
3.25%,
4/30/2029
100,000
96,637
Charles
Schwab
Corp.
(The),
2.90%,
3/3/2032
100,000
88,108
JPMorgan
Chase
&
Co.,
4.13%,
12/15/2026
100,000
99,549
284,294
Health
Care
—
2.15%
Bristol-Myers
Squibb
Co.,
4.55%,
2/20/2048
78,000
65,192
Real
Estate
—
3.51%
Simon
Property
Group
LP,
6.25%,
1/15/2034
100,000
106,578
Technology
—
2.60%
International
Business
Machines
Corp.,
4.25%,
5/15/2049
100,000
78,811
Total
Corporate
Bonds
(Cost $832,962)
738,577
U.S.
GOVERNMENT
&
AGENCIES
—
42.39%
United
States
Treasury
Note,
2.63
%
,
2/15/2029
381,700
364,807
United
States
Treasury
Note,
4.00
%
,
1/31/2031
434,000
432,567
United
States
Treasury
Note,
4.13
%
,
7/31/2031
40,000
40,012
United
States
Treasury
Note,
4.50
%
,
2/15/2036
445,000
449,745
Total
U.S.
Government
&
Agencies
(Cost $1,413,273)
1,287,131
EXCHANGE-TRADED
FUNDS
—
31.43%
Shares
iShares
MBS
ETF
(a)
10,298
954,110
Total
Exchange-Traded
Funds
(Cost $1,022,422)
954,110
MONEY
MARKET
FUNDS
—
1.06%
First
American
Government
Obligations
Fund,
Class
X,
4.23%
(b)
32,298
32,298
Total
Money
Market
Funds
(Cost
$32,298)
32,298
Total
Investments
—
99.21%
(Cost
$3,300,955)
3,012,116
Other
Assets
in
Excess
of
Liabilities — 0.79%
23,834
NET
ASSETS
—
100.00%
$
3,035,950
(a)
Represents
an
investment
greater
than
25%
of
the
Fund’s
net
assets.
Performance
of
the
Fund
may
be
adversely
impacted
by
concentrated
investments
in
securities.
As
of
May
31,
2025,
the
percentage
of
net
assets
invested
in
this
security
was
31.43%
of
the
Fund.
The
financial
statements
and
portfolio
holdings
for
this
security
can
be
found
at
www.sec.gov.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
May
31,
2025.
Tactical
Multi-Purpose
Fund
Schedule
of
Investments
May
31,
2025
(Unaudited)
U.S.
GOVERNMENT
&
AGENCIES
—
40.45%
Principal
Amount
Fair
Value
United
States
Treasury
Bill,
4.18
%
,
7/10/2025
(a)
$
11,000
$
10,9
51
Total
U.S.
Government
&
Agencies
(Cost $10,950)
10,951
MONEY
MARKET
FUNDS
-
51.25%
Shares
First
American
Government
Obligations
Fund,
Class
X,
4.23%
(b)
13,876
13,876
Total
Money
Market
Funds
(Cost
$13,876)
13,876
Total
Investments
—
91.70%
(Cost
$24,826)
24,827
Other
Assets
in
Excess
of
Liabilities — 8.30%
2,248
NET
ASSETS
—
100.00%
$
27,075
(a)
Represents
an
investment
greater
than
25%
of
the
Fund’s
net
assets.
Performance
of
the
Fund
may
be
adversely
impacted
by
concentrated
investments
in
securities.
As
of
May
31,
2025,
the
percentage
of
net
assets
invested
in
this
security
was
40.45%
of
the
Fund.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
May
31,
2025.