THE COVERED BRIDGE FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 90.5%      
    AEROSPACE & DEFENSE - 0.5%      
2,500   Honeywell Aerospace Inc.* ^(c)       $ 552,700
             
    APPAREL & TEXTILE PRODUCTS - 1.1%      
32,000   NIKE, Inc., Class B(c)         1,313,600
             
    BANKING - 6.7%      
25,000   Bank of America Corporation^(c)         1,424,500
5,000   JPMorgan Chase & Company^(c)         1,636,650
40,500   Truist Financial Corporation(c)         2,017,710
20,000   US Bancorp^(c)         1,208,000
21,000   Wells Fargo & Company^(c)         1,735,440
             

8,022,300

    BEVERAGES - 0.7%      
10,300   Coca-Cola Company^(c)         837,081
             
    BIOTECH & PHARMA - 5.6%      
26,000   Bristol-Myers Squibb Company^(c)         1,498,120
1,000   Eli Lilly & Company^(c)         1,199,430
10,000   Merck & Company, Inc.^ (c)         1,285,000
115,000   Pfizer, Inc. ^(c)         2,769,200
             

6,751,750

    CHEMICALS - 3.8%      
9,400   Avery Dennison Corporation^(c)         1,526,090
2,500   CF Industries Holdings, Inc.^ (c)         270,650
60,000   Chemours Company^(c)         1,231,200
25,000   Nutrien Ltd.(c)         1,573,750
             

4,601,690

    ELECTRIC UTILITIES - 4.8%      
28,900   Dominion Energy, Inc.^(c)         1,973,581
15,000   Duke Energy Corporation^(c)         1,898,700
20,000   SEMPRA^(c)         1,854,200
             

5,726,481

 
 

 

THE COVERED BRIDGE FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 90.5% (Continued)      
    ELECTRICAL EQUIPMENT - 0.5%      
2,500   Honeywell International, Inc.       $ 559,750
             
    ENTERTAINMENT CONTENT - 2.1%      
26,000   Walt Disney Company^(c)         2,502,500
             
    FOOD - 6.1%      
120,000   Conagra Brands, Inc.^ (c)         1,615,200
54,000   General Mills, Inc.(c)         1,879,200
14,000   Hershey Company^(c)         2,456,300
57,000   Kraft Heinz Company^(c)         1,346,340
             

7,297,040

    HEALTH CARE FACILITIES & SERVICES - 1.4%      
4,100   UnitedHealth Group, Inc. ^(c)         1,704,083
             
    HOME CONSTRUCTION - 1.4%      
18,000   Lennar Corporation, Class A(c)         1,628,820
             
    HOUSEHOLD PRODUCTS - 1.8%      
15,000   Procter & Gamble Company(c)         2,199,600
             
    INSURANCE - 1.1%      
4,000   Travelers Companies, Inc.^(c)         1,320,480
             
    LEISURE FACILITIES & SERVICES - 3.4%      
9,000   McDonald's Corporation^(c)         2,432,790
16,000   Starbucks Corporation^(c)         1,635,040
             

4,067,830

    MEDICAL EQUIPMENT & DEVICES - 2.4%      
37,000   Medtronic PLC^(c)         2,894,510
             
    OIL & GAS PRODUCERS - 5.8%      
10,000   Chevron Corporation^(c)         1,657,600
12,000   EOG Resources, Inc.^(c)         1,556,760
20,000   Expand Energy Corporation         1,823,800
 
 

 

THE COVERED BRIDGE FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 90.5% (Continued)      
    OIL & GAS PRODUCERS - 5.8% (Continued)      
14,000   Exxon Mobil Corporation^(c)       $ 1,914,080
             

6,952,240

    OIL & GAS SERVICES & EQUIPMENT - 0.3%      
7,500   Schlumberger N.V. ^(c)         348,675
             
    REAL ESTATE INVESTMENT TRUSTS - 0.9%      
45,000   Weyerhaeuser Company(c)         1,077,300
             
    RETAIL - CONSUMER STAPLES - 2.1%      
15,000   Dollar General Corporation^(c)         1,726,650
6,000   Target Corporation^(c)         783,660
             

2,510,310

    RETAIL - DISCRETIONARY - 4.0%      
10,000   Home Depot, Inc.^ (c)         3,526,800
69,000   Kohl's Corporation^(c)         1,222,680
             

4,749,480

    SEMICONDUCTORS - 5.3%      
3,000   Broadcom, Inc.^ (c)         1,133,250
16,500   Intel Corporation*^(c)         2,303,895
10,000   Microchip Technology, Inc.^ (c)         912,000
11,000   QUALCOMM, Inc. ^(c)         2,032,690
             

6,381,835

    SOFTWARE - 9.2%      
17,000   Microsoft Corporation^(c)         6,341,340
15,000   Oracle Corporation(c)         2,198,250
16,000   Salesforce, Inc. ^(c)         2,506,560
             

11,046,150

    TECHNOLOGY HARDWARE - 2.4%      
4,600   Apple, Inc. (c)         1,331,056
6,000   Cisco Systems, Inc.^(c)         704,760
20,000   Hewlett Packard Enterprise Company^(c)         902,200
             

2,938,016

    TECHNOLOGY SERVICES - 7.6%      
25,000   Accenture plc, Class A^(c)         3,111,000
 
 

 

THE COVERED BRIDGE FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 90.5% (Continued)      
    TECHNOLOGY SERVICES - 7.6% (Continued)      
10,000   International Business Machines Corporation^(c)       $ 2,812,100
24,000   PayPal Holdings, Inc. (c)         1,036,320
6,400   Visa, Inc., Class A^(c)         2,195,776
             

9,155,196

    TELECOMMUNICATIONS - 4.8%      
155,000   AT&T, Inc. ^(c)         3,208,500
61,000   Verizon Communications, Inc. (c)         2,582,740
             

5,791,240

    TOBACCO & CANNABIS - 0.9%      
15,000   Altria Group, Inc. ^(c)         1,079,250
             
    TRANSPORTATION & LOGISTICS - 2.5%      
28,000   United Parcel Service, Inc., Class B^(c)         3,010,000
             
    WHOLESALE - CONSUMER STAPLES - 1.3%      
18,000   Sysco Corporation^(c)         1,504,440
             
               
    TOTAL COMMON STOCKS (Cost $124,688,236)    

  108,524,347

               
    RIGHT — 0.1%      
    ASSET MANAGEMENT - 0.1%      
120,000   Sycamore Partners, LLC*         63,600
             
    TOTAL RIGHT (Cost $63,600)    

63,600

               
 
 

 

THE COVERED BRIDGE FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
Shares             Fair Value
    SHORT-TERM INVESTMENTS — 7.3%      
    MONEY MARKET FUNDS - 7.3%      
8,793,736   First American Treasury Obligations Fund, Class X, 3.57% (Cost $8,793,736)(a),(c)       $ 8,793,736
             
    TOTAL INVESTMENTS - 97.9% (Cost $133,545,572)     $ 117,381,683
    CALL OPTIONS WRITTEN - (1.2)% (Premiums received - $1,188,231)     (1,402,019)
    OTHER ASSETS IN EXCESS OF LIABILITIES- 3.3%    

3,888,072

    NET ASSETS - 100.0%        

$ 119,867,736

           
Contracts(b)              
    WRITTEN EQUITY OPTIONS* - (1.2)%   Expiration Date Exercise Price Notional Value  
    CALL OPTIONS WRITTEN- (1.2)%      
40   Accenture plc   07/17/2026   $ 135 $ 497,760 $ 5,120
75   Altria Group, Inc.   07/17/2026   70   539,625   20,100
200   AT&T, Inc.   07/17/2026   22   414,000   2,200
14   Avery Dennison Corporation   07/17/2026   160   227,290   7,000
125   Bank of America Corporation   07/17/2026   58   712,250   15,125
130   Bristol-Myers Squibb Company   07/17/2026   53   749,060   70,850
15   Broadcom, Inc.   07/17/2026   410   566,625   7,125
25   CF Industries Holdings, Inc.   07/17/2026   100   270,650   25,725
200   Chemours Company   07/17/2026   23   410,400   7,500
40   Chevron Corporation   07/17/2026   175   663,040   3,440
30   Cisco Systems, Inc.   07/17/2026   120   352,380   7,410
50   Coca-Cola Company   07/17/2026   80   406,350   10,500
200   Conagra Brands, Inc.   07/17/2026   13   269,200   16,600
50   Dollar General Corporation   07/17/2026   115   575,550   17,250
25   Dollar General Corporation   07/17/2026   116   287,775   8,250
89   Dominion Energy, Inc.   07/17/2026   68   607,781   21,449
50   Duke Energy Corporation   07/17/2026   120   632,900   37,250
25   Duke Energy Corporation   07/17/2026   125   316,450   7,800
5   Eli Lilly & Company   07/17/2026   1,100   599,715   54,500
60   EOG Resources, Inc.   07/17/2026   130   778,380   28,260
30   Exxon Mobil Corporation   07/17/2026   135   410,160   13,530
40   Exxon Mobil Corporation   07/17/2026   139   546,880   8,600
40   Hershey Company   07/17/2026   175   701,800   18,400
100   Hewlett Packard Enterprise Company   07/17/2026   47   451,100   17,300
20   Home Depot, Inc.   07/17/2026   333   705,360   45,550
25   Honeywell International, Inc.   07/17/2026   220   559,750   20,250
80   Intel Corporation   07/17/2026   130   1,117,040   127,200
50   International Business Machines Corporation   07/17/2026   250   1,406,050   170,500
25   JPMorgan Chase & Company   07/17/2026   330   818,325   16,050
230   Kohl's Corporation   07/17/2026   16   407,560   55,890
230   Kohl's Corporation   07/17/2026   17   407,560   29,670
100   Kraft Heinz Company   07/17/2026   23   236,200   13,500
15   McDonald's Corporation   07/17/2026   280   405,465   2,445
120   Medtronic plc   07/17/2026   80   938,760   12,000
 
 

 

THE COVERED BRIDGE FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Contracts(b) (continued)              
    WRITTEN EQUITY OPTIONS* - (1.2)%   Expiration Date Exercise Price Notional Value Fair Value
    CALL OPTIONS WRITTEN- (1.2)% (Continued)      
50   Merck & Company, Inc.   07/17/2026   $ 115 $ 642,500 $ 73,000
50   Microchip Technology, Inc.   07/17/2026   100   456,000   9,500
20   Microsoft Corporation   07/17/2026   375   746,040   21,600
150   Pfizer, Inc.   07/17/2026   25   361,200   1,950
15   QUALCOMM, Inc.   07/17/2026   225   277,185   2,625
40   QUALCOMM, Inc.   07/17/2026   230   739,160   4,800
20   Salesforce, Inc.   07/17/2026   149   313,320   19,900
75   Sempra   07/17/2026   90   695,325   31,125
50   SLB Ltd.   07/17/2026   49   232,450   2,100
80   Starbucks Corporation   07/17/2026   100   817,520   36,000
40   Sysco Corporation   07/17/2026   78   334,320   24,400
30   Target Corporation   07/17/2026   129   391,830   15,330
20   Travelers Companies, Inc.   07/17/2026   300   660,240   63,080
50   United Parcel Service, Inc.   07/17/2026   108   537,500   12,500
20   UnitedHealth Group, Inc.   07/17/2026   400   831,260   50,840
100   US Bancorp   07/17/2026   59   604,000   25,350
32   Visa, Inc.   07/17/2026   330   1,097,888   53,920
60   Walt Disney Company   07/17/2026   105   577,500   1,260
100   Wells Fargo & Company   07/17/2026   83   826,400   28,400
    TOTAL CALL OPTIONS WRITTEN (Premiums received - $1,188,231)  

1,402,019

         
    TOTAL EQUITY OPTIONS WRITTEN (Premiums received - $1,188,231)    

$ 1,402,019

           
               
 

 

 

 

LLC  - Limited Liability Company
LTD  - Limited Company
NV  - Naamioze Vennootschap
PLC  - Public Limited Company
   
 

 

 

 

* Non-income producing security.
^ Security is subject to written call options
(a) Rate disclosed is the seven-day effective yield as of June 30, 2026.
(b) Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.
(c) All or a portion of the security is pledged as collateral for written options