| BLUE CURRENT GLOBAL DIVIDEND FUND | ||||
| SCHEDULE OF INVESTMENTS | ||||
| May 31, 2026 (Unaudited) | ||||
| COMMON STOCKS - 94.9% | Shares | Value | ||
| Communications - 1.1% | ||||
| Telecommunications - 1.1% | ||||
| Singapore Telecommunications Ltd. | 300,000 | $ 1,021,183 | ||
| Consumer Discretionary - 2.0% | ||||
| Retail - Discretionary - 2.0% | ||||
| Dick's Sporting Goods, Inc. | 8,700 | 1,979,859 | ||
| Consumer Staples - 14.7% | ||||
| Beverages - 7.8% | ||||
| Coca-Cola Company (The) | 37,635 | 2,973,541 | ||
| Coca-Cola Europacific Partners plc | 28,730 | 2,605,524 | ||
| Constellation Brands, Inc. - Class A | 15,000 | 2,082,300 | ||
| 7,661,365 | ||||
| Food - 2.4% | ||||
| Danone S.A. | 32,500 | 2,311,664 | ||
| Household Products - 2.4% | ||||
| Unilever plc - ADR | 42,455 | 2,396,585 | ||
| Retail - Consumer Staples - 2.1% | ||||
| Walmart, Inc. | 17,350 | 2,008,262 | ||
| Energy - 7.3% | ||||
| Oil & Gas Producers - 5.9% | ||||
| Shell plc - ADR | 31,400 | 2,641,368 | ||
| Targa Resources Corporation | 12,160 | 3,101,651 | ||
| 5,743,019 | ||||
| Oil & Gas Storage & Transportation - 1.4% | ||||
| Enbridge, Inc. | 25,500 | 1,395,870 | ||
| Financials - 22.9% | ||||
| Banking - 17.5% | ||||
| BNP Paribas S.A. | 18,800 | 2,027,306 | ||
| DBS Group Holdings Ltd. - ADR | 14,294 | 2,803,339 | ||
| Deutsche Bank AG | 65,000 | 2,107,165 | ||
| BLUE CURRENT GLOBAL DIVIDEND FUND | ||||
| SCHEDULE OF INVESTMENTS (Continued) | ||||
| COMMON STOCKS - 94.9% (Continued) | Shares | Value | ||
| Financials - 22.9% (Continued) | ||||
| Banking - 17.5% (Continued) | ||||
| JPMorgan Chase & Company | 8,711 | $ 2,607,289 | ||
| Mitsubishi UFJ Financial Group, Inc. - ADR | 152,000 | 2,843,920 | ||
| National Bank of Canada | 17,600 | 2,570,478 | ||
| Truist Financial Corporation | 43,000 | 2,073,030 | ||
| 17,032,527 | ||||
| Institutional Financial Services - 3.6% | ||||
| Morgan Stanley | 17,100 | 3,556,800 | ||
| Insurance - 1.8% | ||||
| Allianz SE - ADR | 9,200 | 407,468 | ||
| Allianz SE | 3,000 | 1,329,994 | ||
| 1,737,462 | ||||
| Health Care - 10.4% | ||||
| Biotech & Pharma - 10.4% | ||||
| AstraZeneca plc | 12,300 | 2,283,741 | ||
| Johnson & Johnson | 12,762 | 2,875,661 | ||
| Roche Holding AG - ADR | 28,500 | 1,493,400 | ||
| Sandoz Group AG | 41,100 | 3,457,236 | ||
| 10,110,038 | ||||
| Industrials - 14.3% | ||||
| Aerospace & Defense - 4.4% | ||||
| RTX Corporation | 12,795 | 2,298,750 | ||
| Thales S.A. | 7,200 | 2,020,850 | ||
| 4,319,600 | ||||
| Diversified Industrials - 5.6% | ||||
| Hitachi Ltd. - ADR | 80,000 | 2,596,000 | ||
| Siemens AG | 9,300 | 2,917,078 | ||
| 5,513,078 | ||||
| Electrical Equipment - 1.9% | ||||
| Schneider Electric SE | 5,800 | 1,822,403 | ||
| Transportation & Logistics - 2.4% | ||||
| FedEx Corporation | 5,600 | 2,305,800 | ||
| BLUE CURRENT GLOBAL DIVIDEND FUND | ||||
| SCHEDULE OF INVESTMENTS (Continued) | ||||
| COMMON STOCKS - 94.9% (Continued) | Shares | Value | ||
| Materials - 2.3% | ||||
| Metals & Mining - 2.3% | ||||
| Rio Tinto plc - ADR | 21,300 | $ 2,266,107 | ||
| Real Estate - 4.6% | ||||
| REITs - 4.6% | ||||
| Highwoods Properties, Inc. | 56,000 | 1,461,600 | ||
| Ventas, Inc. | 36,000 | 3,039,120 | ||
| 4,500,720 | ||||
| Technology - 15.3% | ||||
| Semiconductors - 10.4% | ||||
| Broadcom, Inc. | 9,450 | 4,221,976 | ||
| QUALCOMM, Inc. | 12,584 | 3,158,836 | ||
| Taiwan Semiconductor Manufacturing Company Ltd. - ADR | 6,700 | 2,803,615 | ||
| 10,184,427 | ||||
| Software - 2.9% | ||||
| Microsoft Corporation | 6,220 | 2,800,493 | ||
| Technology Hardware - 2.0% | ||||
| Hewlett Packard Enterprise Company | 45,000 | 1,936,800 | ||
| Total Common Stocks (Cost $53,531,187) | $ 92,604,062 | |||
| BLUE CURRENT GLOBAL DIVIDEND FUND | ||||
| SCHEDULE OF INVESTMENTS (Continued) | ||||
| MONEY MARKET FUNDS - 4.8% | Shares | Value | ||
| First American Government Obligations Fund - Class Z, 3.51% (a) (Cost $4,638,124) |
4,638,124 | $ 4,638,124 | ||
| Investments at Value - 99.7% (Cost $58,169,311) | $ 97,242,186 | |||
| Other Assets in Excess of Liabilities - 0.3% | 331,910 | |||
| Net Assets - 100.0% | $ 97,574,096 | |||
| ADR | - American Depositary Receipt |
| AG | - Aktiengesellschaft |
| plc | - Public Limited Company |
| S.A. | - Societe Anonyme |
| SE | - Societe Europaea |
| (a) | The rate shown is the 7-day effective yield as of May 31, 2026. |
| BLUE CURRENT GLOBAL DIVIDEND FUND | ||
| SUMMARY OF COMMON STOCKS BY COUNTRY | ||
| May 31, 2026 (Unaudited) | ||
| Country | Value | % of Net Assets |
| United States | $ 44,481,768 | 45 .6% |
| United Kingdom | 12,193,325 | 12 .5% |
| France | 8,182,223 | 8 .4% |
| Germany | 6,761,705 | 6 .9% |
| Japan | 5,439,920 | 5 .6% |
| Switzerland | 4,950,636 | 5 .1% |
| Canada | 3,966,348 | 4 .0% |
| Singapore | 3,824,522 | 3 .9% |
| Taiwan Province of China | 2,803,615 | 2 .9% |
| $ 92,604,062 | 94 .9% | |