| THE JAMESTOWN EQUITY FUND | ||
| SCHEDULE OF INVESTMENTS | ||
| June 30, 2025 (Unaudited) | ||
| COMMON STOCKS - 82.7% | Shares | Value |
| Communications - 11.0% | ||
| Alphabet, Inc. - Class C | 13,636 | $ 2,418,890 |
| Booking Holdings, Inc. | 225 | 1,302,579 |
| Meta Platforms, Inc. - Class A | 3,840 | 2,834,266 |
| 6,555,735 | ||
| Consumer Discretionary - 7.6% | ||
| Amazon.com, Inc. (a) | 11,000 | 2,413,290 |
| Home Depot, Inc. (The) | 1,350 | 494,964 |
| Lowe's Companies, Inc. | 2,300 | 510,301 |
| TJX Companies, Inc. (The) | 8,700 | 1,074,363 |
| 4,492,918 | ||
| Consumer Staples - 3.6% | ||
| PepsiCo, Inc. | 2,690 | 355,187 |
| Procter & Gamble Company (The) | 4,850 | 772,702 |
| Unilever plc - ADR | 16,000 | 978,720 |
| 2,106,609 | ||
| Energy - 4.8% | ||
| Chevron Corporation | 7,700 | 1,102,563 |
| Exxon Mobil Corporation | 7,170 | 772,926 |
| Schlumberger Ltd. | 11,545 | 390,221 |
| TotalEnergies SE - ADR | 9,500 | 583,205 |
| 2,848,915 | ||
| Financials - 11.9% | ||
| Ameriprise Financial, Inc. | 2,550 | 1,361,011 |
| Chubb Ltd. | 1,800 | 521,496 |
| Goldman Sachs Group, Inc. (The) | 1,650 | 1,167,788 |
| JPMorgan Chase & Company | 7,200 | 2,087,352 |
| Morgan Stanley | 7,300 | 1,028,278 |
| PNC Financial Services Group, Inc. (The) | 4,800 | 894,816 |
| 7,060,741 | ||
| Health Care - 5.0% | ||
| Amgen, Inc. | 1,300 | 362,973 |
| Elevance Health, Inc. | 1,650 | 641,784 |
| Merck & Company, Inc. | 4,000 | 316,640 |
| Pfizer, Inc. | 27,510 | 666,842 |
| Thermo Fisher Scientific, Inc. | 1,600 | 648,736 |
| UnitedHealth Group, Inc. | 1,107 | 345,351 |
| 2,982,326 | ||
| Industrials - 7.5% | ||
| Eaton Corporation plc | 2,900 | 1,035,271 |
| Lockheed Martin Corporation | 1,753 | 811,885 |
| Norfolk Southern Corporation | 3,200 | 819,104 |
| RTX Corporation | 6,295 | 919,196 |
| THE JAMESTOWN EQUITY FUND | ||
| SCHEDULE OF INVESTMENTS (Continued) | ||
| COMMON STOCKS - 82.7% (Continued) | Shares | Value |
| Industrials - 7.5% (Continued) | ||
| Trane Technologies plc | 1,430 | $ 625,496 |
| United Parcel Service, Inc. - Class B | 2,600 | 262,444 |
| 4,473,396 | ||
| Real Estate - 1.6% | ||
| American Tower Corporation | 4,192 | 926,516 |
| Technology - 27.7% | ||
| Apple, Inc. | 12,108 | 2,484,198 |
| Applied Materials, Inc. | 5,650 | 1,034,345 |
| Broadcom, Inc. | 7,000 | 1,929,550 |
| Cisco Systems, Inc. | 17,750 | 1,231,495 |
| Microsoft Corporation | 6,800 | 3,382,388 |
| NVIDIA Corporation | 20,800 | 3,286,192 |
| Oracle Corporation | 9,000 | 1,967,670 |
| Visa, Inc. - Class A | 3,175 | 1,127,284 |
| 16,443,122 | ||
| Utilities - 2.0% | ||
| Duke Energy Corporation | 10,000 | 1,180,000 |
| Total Common Stocks (Cost $15,348,892) | $ 49,070,278 | |
| EXCHANGE-TRADED FUNDS - 12.6% | Shares | Value |
| Health Care Select Sector SPDR Fund (The) | 12,730 | $ 1,715,877 |
| Invesco KBW Bank ETF | 12,165 | 871,257 |
| iShares Expanded Tech-Software Sector ETF (a) | 13,283 | 1,454,489 |
| iShares Semiconductor ETF | 4,800 | 1,145,760 |
| Vanguard Information Technology ETF | 3,500 | 2,321,480 |
| Total Exchange-Traded Funds (Cost $3,855,801) | $ 7,508,863 | |
| THE JAMESTOWN EQUITY FUND | ||
| SCHEDULE OF INVESTMENTS (Continued) | ||
| MONEY MARKET FUNDS - 8.2% | Shares | Value |
| Federated Hermes Government Obligations Fund - Institutional Class, 4.20% (b) (Cost $4,888,440) |
4,888,440 | $ 4,888,440 |
| Total Investments at Value - 103.5% (Cost $24,093,133) | $ 61,467,581 | |
| Liabilities in Excess of Other Assets - (3.5%) | (2,101,487 ) | |
| Net Assets - 100.0% | $ 59,366,094 | |
| ADR | - American Depositary Receipt. |
| (a) | Non-income producing security. |
| (b) | The rate shown is the 7-day effective yield as of June 30, 2025. |