Schedule of Investments

May 31, 2026 (unaudited)

The Texas Fund

Shares or Principal

Security Description

Amount ($)

Fair Value ($)(1)

Common Stocks - 96.60%

Automobiles & Components - 6.60%

Tesla, Inc. (2)

2,331

1,015,826

Toyota Motor Corp. ADR

2,171

412,381

1,428,208

Banks - 1.91%

First Financial Bankshares, Inc.

6,395

208,989

Texas Capital Bancshares, Inc.

2,050

203,955

412,943

Capital Goods - 14.04%

Caterpillar, Inc.

826

723,469

Comfort Systems USA, Inc.

216

394,893

Firefly Aerospace, Inc. (2)

1,900

88,331

IES Holdings, Inc. (2)

422

286,264

Jacobs Solutions, Inc.

730

87,498

Kratos Defense & Security (2)

1,619

103,826

Lennox International, Inc.

238

119,514

Lockheed Martin Corp.

597

316,679

Powell Industries, Inc.

451

128,273

Quanta Services, Inc.

541

385,046

Rush Enterprises, Inc. Class A

1,537

106,560

Sterling Construction Co., Inc. (2)

223

191,967

Swarmer, Inc. (2)

1,900

106,799

3,039,120

Chemicals - 0.49%

Huntsman Corp. (2)

6,880

105,608

Commercial & Professional Services - 3.82%

CECO Environmental Corp. (2)

3,124

233,519

Copart, Inc. (2)

6,391

209,433

Waste Management, Inc.

1,821

385,069

828,021

Construction Materials - 1.01%

Eagle Materials, Inc.

484

107,051

United States Lime & Mineral, Inc.

984

112,166

219,217

Consumer Durables & Apparel - 1.43%

D.R. Horton, Inc.  

2,106

309,772

Diversified Financials - 3.19%

Texas Pacific Land Corp.

226

88,818

The Charles Schwab Corp.

5,555

485,229

Victory Capital Holdings, Inc. Class A

1,388

117,355

691,403

Energy Equipment & Services - 0.51%

Baker Hughes Co.

1,729

110,449

Financial Services - 2.24%

AST SpaceMobile, Inc. Class A (2)

2,081

236,006

Corebridge Financial, Inc. (2)

9,250

249,750

485,756

Food & Staples Retailing - 1.13%

Sysco Corp. (2)

3,236

245,321

Food, Beverage & Tobacco - 1.27%

Keurig Dr Pepper, Inc. (2)

9,190

275,976

Gas Utilities - 0.91%

Atmos Energy Corp.

1,162

196,529

Health Care Equipment & Services - 2.22%

McKesson Corp.

518

384,584

Tenet Healthcare Corp. (2)

550

96,426

481,010

Household & Personal Products - 1.00%

Kimberly-Clark Corp. (2)

2,210

215,696

Independent Power and Renewable Electricity Producers - 0.57%

Talen Energy Corp. (2)

319

123,389

Integrated Oil & Gas - 3.12%

Exxon Mobil Corp.

4,021

584,090

Occidental Petroleum Corp.    

1,626

92,080

676,171

Media & Entertainment - 2.25%

Alphabet, Inc. (2)

1,283

487,976

Metals & Mining - 0.74%

Allegheny Technologies, Inc. (2)

916

160,447

Oil & Gas - Refining & Marketing - 0.46%

HF Sinclair Corp.

1,412

98,685

Oil & Gas Equipment Services - 1.57%

Halliburton Co.

2,459

95,532

Schlumberger Ltd.

2,724

148,594

TechnipFMC plc

1,385

94,762

338,888

Oil & Gas Exploration & Production - 2.47%

ConocoPhillips

2,250

256,455

Devon Energy Corp. (2)

1,517

67,491

Diamondback Energy, Inc.

512

98,038

EOG Resources, Inc.

837

111,639

533,623

Oil & Gas Storage & Transportation - 1.35%

Cheniere Energy, Inc.  

339

76,228

Kinder Morgan, Inc.

3,747

116,457

Targa Resources Corp.

391

99,732

292,417

Oil, Gas & Consumable Fuels - 5.56%

Chevron Corp.

3,212

586,062

Kinetik Holdings, Inc. (2)

4,246

195,104

Permian Resources Corp. (2)

4,658

89,573

Phillips 66

677

119,071

Uranium Energy Corp. (2)

7,002

96,418

Valero Energy Corp.

479

117,269

1,203,496

Pharmaceuticals, Biotechnology & Life Science - 1.04%

Natera, Inc. (2)

1,005

224,487

Real Estate Management & Development - 1.23%

CBRE Group, Inc. Class A (2)

2,126

265,835

Retail & Wholesale - Discertionary - 0.48%

Academy Sports & Outdoors, Inc.  

1,976

104,333

Retailing - 2.36%

Amazon.com, Inc. (2)

1,889

511,239

Semiconductors & Semiconductor Equipment - 6.68%

Cirrus Logic, Inc. (2)

1,553

263,932

Diodes, Inc. (2)

2,368

249,398

Silicon Laboratories, Inc. (2)

1,178

256,333

Texas Instruments, Inc.

2,212

676,164

1,445,827

Software & Services - 7.16%

Crowdstrike Holdings, Inc. Class A (2)

869

635,239

Oracle Corp.

4,049

914,183

1,549,422

Technology Hardware & Equipment - 10.97%

Apple, Inc.

1,191

371,663

Applied Optoelectronics, Inc. (2)

1,390

220,190

Dell Technologies, Inc. Class C

2,366

995,873

Flex Ltd. (2)

2,640

398,059

HP, Inc.

9,020

388,221

2,374,006

Telecommunication Services - 2.24%

AT&T, Inc.

19,533

484,418

Transportation - 0.72%

Southwest Airlines Co.

3,647

156,639

Utilities - 3.86%

CenterPoint Energy, Inc.

4,569

193,086

NRG Energy, Inc.

1,608

215,601

Vistra Corp.

2,663

426,692

835,379

Total Common Stock

(Cost $          14,966,531)

20,911,704

Warrants - 0.05%

Intergrated Oil & Gas - 0.05%

Occidental Petroleum Corp., 08/03/2027 @ $22.00

301

10,415

Total Warrants

(Cost $                          0)

10,415

Money Market Registered Investment Companies - 3.34%

Federated Hermes Government Obligations Fund - Institutional Class - 3.50% (3)

723,717

723,717

Total Money Market Registered Investment Companies

(Cost $               723,717)

723,717

Total Investments - 99.99%

(Cost $          15,803,813)

21,646,935

Other Assets Less Liabilities - 0.01%

764

Total Net Assets - 100.00%

21,647,699

Purchased Options - 0.01%

Long (Short)

Notional Value of

Fair

Contracts+

Expiration Date

Contracts ($) **

Value ($)

Put Options   

Invesco QQQ, Strike @ $580.00

50

6/18/2026

2,900,000

1,100

Total Options

(Cost $             113,564)

1,100

(1)  Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments.

       These inputs are summarized in the three broad levels listed below.

        • Level 1 - quoted prices in active markets for identical securities

        • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

        • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

       The following is a summary of the inputs used as of May 29, 2026 in valuing the Fund's assets carried at fair value:

Investments in

Other Financial

Valuation Inputs

Securities

Instruments

Level 1 - Quoted Prices

$

21,646,935

$

-

Level 2 - Other Significant Observable Inputs

-

-

Level 3 - Significant Unobservable Inputs

-

-

Total

$

21,646,935

$

-

       The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term

       debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment

       Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active

       market, such securities are reflected as Level 2.

(2)  Represents non-income producing securities.

(3)  7-day yield as of May 31, 2026.

**The notional amount is calculated by multiplying outstanding contracts by the exercise price by 100 at May 31, 2026.

+ Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.