Schedule of Investments

May 31, 2025 (unaudited)

Monteagle Opportunity Equity Fund

Shares or Principal

Security Description

Amount ($)

Fair Value ($)(1)

Common Stocks - 91.78%

Abrasive, Asbestos & Misc Nonmetallic Mineral Products - 0.62%

Owens Corning, Inc.

667

89,345

Agricultural Chemicals - 0.61%

ICL Group Ltd.

13,200

87,516

Agricultural Products - Livestock & Animal Specialties - 0.82%

Cal-Maine Foods, Inc.

1,238

118,761

Air Courier Services - 0.56%

Fedex Corp.

371

80,915

Aircraft & Parts - 0.62%

Textron, Inc.

1,213

89,798

Aircraft & Parts - 1.36%

Columbia Sportswear Co.

1,274

81,256

Gildan Activewear, Inc. Class A

2,458

114,543

195,799

Banks - 4.93%

Bank OZK

2,600

115,258

Bank Of Montreal

988

106,062

Capital One Financial Corp.

450

85,118

Fulton Financial Corp.

4,700

81,075

PNC Financial Services Group I

572

99,419

Regions Financial Corp.

5,756

123,409

U.S. Bancorp

2,304

100,431

710,772

Beverages - 0.61%

The Vita Coco Co., Inc. (2)

2,471

87,943

Bituminous Coal & Lignite Surface Mining - 0.30%

Alpha Metallurigal Resources, Inc. (2)

392

43,920

Captial Goods - 3.44%

AGCO Corp.

1,000

97,980

Applied Industrial Technologies, Inc.

500

113,260

EMCOR Group, Inc.

246

116,078

Huntington Ingalls Industries, Inc.

400

89,224

Snap-on, Inc.

246

78,905

495,446

Cement Hydraulic - 0.76%

CRH plc

1,205

109,848

Chemicals - 0.35%

LyondellBasell Industries NV Class A

900

50,841

Commercial & Professional Services - 0.74%

HNI Corp.

2,300

107,019

Computer Peripheral Equipment, NEC - 0.63%

Logitech International S.A. (2)

1,103

91,284

Containers & Packaging - 0.44%

Sonoco Products Co.

1,400

63,756

Crude Petroleum & Natural Gas - 0.32%

SM Energy Co.

1,975

46,255

Deep Sea Foreign Transporation of Freight - 1.15%

Global Ship Lease, Inc.

4,772

118,584

Torm plc Class A

2,913

46,550

165,134

Diversified Financials - 0.51%

Raymond James Financial, Inc.

500

73,490

Electric Services - 1.01%

Black Hills Corp.

2,500

146,175

Electric Utilities - 1.30%

OGE Energy Corp.

4,200

186,774

Electric: Lighting & Wiring Equipment - 1.03%

Acuity Brands, Inc.

570

148,137

Electromedical & Electrotherapeutic Apparatus - 0.78%

InMode Ltd. (2)

7,708

112,999

Energy Equipment & Services - 0.26%

Halliburton Co.

1,900

37,221

Food, Beverage & Tobacco - 1.30%

Archer-Daniels Midland Co.

1,945

93,885

Nomad Foods Ltd.

5,373

94,028

187,913

Fire, Marine & Casualty Insurance - 2.44%

Axis Capital Holdings Ltd.

1,058

109,820

Everest Group Ltd. (Bermuda)

331

114,920

Renaissancere Holdings Ltd.

509

126,955

351,695

Footwear, (No Rubber) - 0.33%

Caleres, Inc.

3,496

47,021

Gold & Silver Ores - 0.58%

B2Gold Corp (Canada)

24,860

83,778

Health Care Equipment & Services - 0.63%

Molina Healthcare, Inc. (2)

300

91,512

Heavy Construction Other Than Building Construction Contractors - 0.80%

Sterling Infrastructure, Inc. (2)

616

115,814

Hospital & Medical Service Plans - 0.45%

Humana, Inc.

279

65,043

Hotels & Motels - 0.78%

Boyd Gaming Corp.

1,500

112,455

Industrial & Commercial Fans & Blowers & Air Purifing Equipment - 0.70%

Donaldson Co., Inc. (2)

1,460

101,543

Industrial Trucks, Tractors, Trailors & Stackers - 0.53%

Terex Corp.

1,700

76,517

Insurance - 1.86%

Arch Capital Group Ltd.  (2)

800

76,032

CNA Financial Corp.

1,600

76,656

The Hartford Financial Services Group, Inc.

891

115,687

268,375

Investment Advice - 2.82%

Evercore, Inc. Class A

409

94,679

Federated Hermes, Inc.

2,483

104,783

Janus Henderson Group plc

2,787

101,252

Victory Capital Holdings, Inc. Class A

1,700

105,417

406,131

Life Insurance - 0.54%

Sun Life Financial, Inc.

1,206

77,968

Metal Shipping Barrels, Drums, Kegs & Pails - 0.46%

Greif, Inc. Class A

1,200

66,720

Mining & Quarrying of Nonmetallic Minerals (No Fuels) - 0.55%

Knife River Corp. (2)

848

79,797

Misc Industrial & Commercial Machinery & Equipment - 0.64%

Curtiss-Wright Corp.

209

91,983

Miscellaneous Manufacturing Industries - 1.02%

Brady Corp. Class A

2,100

146,517

Motor Vehicle Parts & Accessories - 0.78%

Visteon Corp. (2)

1,333

112,539

Motor Vehicles & Passenger Car Bodies - 1.41%

General Motors Co.

2,371

117,625

Stellantis N.V. (2)

8,491

86,099

203,724

Natural Gas Distribution - 1.03%

National Fuel Gas Co.

1,792

147,912

Oil & Gas Field Services - 0.71%

Liberty Energy, Inc. Class A

5,221

60,511

RPC, Inc.

9,300

41,292

101,803

Oil & Gas Field Machinery & Equipment - 1.03%

Now, Inc. (2)

10,343

149,146

Oil, Gas & Consumable Fuels - 0.51%

Devon Energy Corp.

2,422

73,290

Operative Builders - 1.00%

M/I Homes, Inc. (2)

720

76,759

Meritage Homes Corp.

1,060

67,427

144,186

Optical Instruments & Lenses - 0.63%

Nova Ltd. (2)

427

91,216

Orthopedic, Prosthetic & Surgical Appliances & Supplies - 0.45%

Zimmer Biomet Holdings, Inc.

700

64,519

Patent Owners & Lessors - 0.95%

Interdigital, Inc.

633

137,526

Perfumes, Cosmetics & Other Toilet Preparations - 0.79%

Kenvue, Inc.

4,750

113,383

Petroleum Refining - 1.19%

Suncor Energy, Inc.

2,166

77,001

Valero Energy Corp.

730

94,148

171,149

Pharmaceutical Preparations - 1.54%

Catalyst Pharmaceuticals, Inc. (2)

4,257

106,255

United Therapeutics Corp. (2)

363

115,743

221,997

Plastic Materials, Synth Resins & Nonvulcan Elastomers - 0.45%

Eastman Chemical Co.

825

64,655

Radio Broadcasting Stations - 0.43%

Sirius XM Holdings, Inc.

2,845

61,680

Radio Telephone Commnications - 0.41%

TELUS Corp.

3,600

59,004

Real Estate - 1.04%

CBRE Group, Inc. Class A  (2)

1,201

150,149

Retail - Eating Places - 1.85%

Darden Restaurants, Inc.

542

116,102

Wendy's Co.

6,092

69,449

Yum China Holdings, Inc. (China)

1,848

80,665

266,216

Retail - Grocery Stores - 0.54%

The Kroger Co.

1,146

78,192

Retail-Home Furniture, Furnishings & Equipment Stores - 0.81%

Williams-Sonoma, Inc.

724

117,114

Retail - Jewelry Stores - 0.74%

Signet Jewelers Ltd. (Bermuda)

1,600

106,512

Retail - Lumber & Other Building Materials Dealer - 0.50%

Builders FirstSource, Inc. (2)

675

72,684

Retail - Miscellaneous Shopping Goods Stores - 0.60%

Academy Sports & Outdoors, Inc.

2,100

85,911

Rolling Drawing & Extruding Of Nonferrous Metals - 1.02%

Mueller Industries, Inc.

1,896

147,642

Security Brokers, Dealers & Flotation Companies - 0.95%

Interactive Brokers Group, Inc.

654

137,131

Semiconductors & Related Devices - 0.86%

Tower Semiconductor Ltd. (2)

3,137

123,723

Services: Business Services - 0.80%

DLocal Ltd. Class A (2)

10,648

115,637

WNS Holdings Ltd. (2)

1,838

106,586

222,223

Services - Commercial Physical & Biological Research - 1.89%

Charles River Laboratories International, Inc. (2)

500

67,815

Incyte Corp. (2)

1,980

128,819

Medpace Holdings, Inc. (2)

258

76,084

272,718

Services - Computer Integrated Systems Design - 0.74%

Leidos Holdings, Inc.

717

106,489

Services - Computer Programming Services - 2.71%

Cognizant Technology Solutions Corp. Class A (2)

1,306

105,773

Doximity, Inc. Class A (2)

1,474

76,781

Sportradar Group AG Class A (2)

3,871

92,556

Zoom Communications, Inc. (2)

1,430

116,188

391,297

Services - Prepackaged Software - 5.19%

ACIW (2)

2,094

96,868

Clear Secure, Inc. Class A

4,567

113,033

Commvault Systems, Inc. (2)

801

146,703

Electronic Arts, Inc.

381

54,780

Qualys, Inc. (2)

782

108,346

Sprinklr, Inc. Class A (2)

13,510

114,024

Uipath, Inc. Class A (2)

8,584

114,253

748,009

Services-To Dwellings & Other Buildings - 1.58%

ABM Industries, Inc.

1,973

103,878

Frontdoor, Inc. (2)

2,257

124,158

228,036

Software & Services - 3.67%

A10 Networks, Inc.

7,446

128,518

Check Point Software Technology Ltd. (Israel) (2)

528

120,849

Dolby Laboratories, Inc. Class A (2)

1,300

96,538

Genpact Ltd. (Bermuda)

2,900

124,845

PagSeguro Digital Ltd. Class A (Brazil) (2)

6,500

57,915

528,665

State Commercial Banks - 0.65%

Fifth Third Bancorp

2,455

93,756

Steel Works, Blast Furnaces & Rolling & Finishing Mills - 0.62%

Worthington Enterprises, Inc. (2)

1,514

89,190

Surgical & Medical Instruments & Apparatus - 1.74%

Baxter International, Inc.

2,630

80,215

Resmed, Inc.

453

110,890

Teleflex, Inc.

489

59,790

250,895

Switchgear & Switchboard Apparatus - 0.62%

Powell Industries, Inc.

526

89,204

Transportation - 0.62%

Landstar System, Inc.

650

89,193

Transportation Services - 0.58%

Expedia Group, Inc. (2)

501

83,542

Trucking (No Local) - 1.15%

ArcBest Corp.

1,253

78,551

Old Dominion Freight Line, Inc.

541

86,652

165,203

Water Supply - 1.11%

American States Water Co.

2,033

160,343

Water Transportation - 0.60%

Teekay Tankers Ltd.

1,967

86,922

Wholesale-Computers & Peripheral Equipment & Software - 1.04%

Eplus, Inc. (2)

1,300

50,986

Polaris, Inc.

1,388

99,062

150,048

Wholesale-Farm Product Raw Materials - 0.89%

Universal Corp.

1,956

127,903

Wholesale-Industrial Machinery & Equipment - 0.92%

MSC Industrial Direct Co., Inc. Class A

1,629

132,275

Wholesale - Lumber & Other Construction Materials - 0.66%

Boise Cascade Co.

1,100

95,568

Wholesale-Medical, Dental & Hospital Equipment & Supplies - 0.69%

Henry Schein, Inc. (2)

1,431

100,156

Wholesale-Motor Vehicles & Motor Vehicle Parts & Supplies - 0.74%

LKQ Corp.

2,649

107,205

Total Common Stock

(Cost $         12,568,959)

13,231,767

Real Estate Investment Trusts - 7.44%

Camden Property Trust

1,092

128,299

Crown Castle, Inc.

1,179

118,313

Cubesmart

2,722

116,393

First Industrial Realty Trust

2,463

121,746

Mid-America Apartment Communities, Inc.

1,000

156,650

Public Storage

413

127,373

Stag Industrial, Inc.

3,339

118,802

W. P. Carey, Inc.

2,939

184,452

Total Real Estate Investment Trusts

(Cost $           1,038,726)

1,072,027