NAA LARGE CORE FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 98.6%      
    Communications - 8.7%      
35,264   Alphabet, Inc., Class A       $ 12,602,296
115,903   AT&T, Inc.         2,399,192
44,262   Comcast Corporation, Class A         1,086,632
5,109   Meta Platforms, Inc., Class A         2,877,849
10,486   Palantir Technologies, Inc., Class A(a)         1,223,402
29,539   Uber Technologies, Inc.(a)         2,131,534
52,757   Verizon Communications, Inc.         2,233,731
             

24,554,636

    Consumer Discretionary - 4.8%      
28,747   Amazon.com, Inc.(a)         6,851,560
4,397   DR Horton, Inc.         716,183
14,860   General Motors Company         1,145,409
11,760   Tesla, Inc.(a)         4,946,256
             

13,659,408

    Consumer Staples - 0.2%      
5,970   Walmart, Inc.         676,162
             
    Energy - 6.5%      
4,393   APA Corporation         143,080
16,060   Baker Hughes Company         891,330
19,690   Chevron Corporation         3,263,814
15,273   ConocoPhillips         1,587,781
3,082   Diamondback Energy, Inc.         541,754
7,750   EQT Corporation         412,068
2,936   Expand Energy Corporation         267,734
32,126   Exxon Mobil Corporation         4,392,266
1,745   First Solar, Inc.(a)         411,750
24,358   Kinder Morgan, Inc.         778,725
3,616   Marathon Petroleum Corporation         924,503
9,026   Occidental Petroleum Corporation         438,393
7,814   ONEOK, Inc.         679,349
6,652   Phillips 66         1,124,521
24,665   SLB Ltd.         1,146,676
724   Texas Pacific Land Corporation         316,851
 
 

 

NAA LARGE CORE FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 98.6% (Continued)      
    Energy - 6.5% (Continued)      
15,044   Williams Companies, Inc. (The)       $ 1,118,371
             

18,438,966

    Financials - 8.9%      
4,264   Allstate Corporation (The)         1,014,576
4,169   Arthur J Gallagher & Company         957,077
51,512   Bank of America Corporation         2,935,154
7,534   Berkshire Hathaway, Inc., Class B(a)         3,769,938
5,994   Chubb Ltd.         2,042,396
24,449   Citigroup, Inc.         3,421,882
3,168   Goldman Sachs Group, Inc. (The)         3,204,020
4,548   Hartford Insurance Group, Inc. (The)         602,701
11,298   JPMorgan Chase & Company         3,698,174
15,781   Morgan Stanley         3,298,860
3,852   Synchrony Financial         292,945
             

25,237,723

    Health Care - 6.5%      
8,488   Amgen, Inc.         3,073,675
4,551   Bristol-Myers Squibb Company         262,229
2,669   Eli Lilly & Company         3,201,279
20,490   Gilead Sciences, Inc.         2,588,707
1,293   IDEXX Laboratories, Inc.(a)         680,687
982   Insulet Corporation(a)         149,510
28,176   Merck & Company, Inc.         3,620,615
37,252   Pfizer, Inc.         897,028
5,487   Stryker Corporation         1,727,527
4,228   Vertex Pharmaceuticals, Inc.(a)         2,100,174
             

18,301,431

    Industrials - 13.4%      
19,956   Amphenol Corporation, Class A         3,518,642
999   Boeing Company (The)(a)         216,254
7,980   Carrier Global Corporation         585,333
4,976   Caterpillar, Inc.         5,298,942
146   Comfort Systems USA, Inc.         289,365
1,685   Cummins, Inc.         1,201,759
 
 

 

NAA LARGE CORE FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 98.6% (Continued)      
    Industrials - 13.4% (Continued)      
2,494   Deere & Company       $ 1,582,019
10,397   Delta Air Lines, Inc.         973,782
18,914   Fastenal Company         908,439
3,254   GE Vernova, Inc.         3,822,994
3,123   General Dynamics Corporation         1,106,292
9,674   General Electric Company         3,615,465
5,259   Honeywell Aerospace Inc.(a)         1,162,659
5,259   Honeywell International, Inc.         1,177,490
649   Huntington Ingalls Industries, Inc.         181,649
6,766   Johnson Controls International plc         988,580
1,742   L3Harris Technologies, Inc.         506,208
857   Lockheed Martin Corporation, Class B         436,607
1,650   Northrop Grumman Corporation         840,362
2,079   Parker-Hannifin Corporation         2,033,511
498   Quanta Services, Inc.         358,580
14,032   RTX Corporation         2,662,290
7,842   Southwest Airlines Company         403,236
1,896   Stanley Black & Decker, Inc.         178,452
3,849   United Airlines Holdings, Inc.(a)         523,426
1,037   United Rentals, Inc.         1,174,808
2,744   Vertiv Holdings Company, Class A         918,746
731   WW Grainger, Inc.         994,452
             

37,660,342

    Materials - 1.1%      
17,356   Freeport-McMoRan, Inc.         1,091,519
17,964   Newmont Corporation         1,677,837
1,667   Steel Dynamics, Inc.         382,510
             

3,151,866

    Technology - 43.8%      
7,533   Accenture PLC, Class A         937,406
1,984   Adobe, Inc.(a)         406,760
14,036   Advanced Micro Devices, Inc.(a)         8,153,653
61,886   Apple, Inc.         17,907,332
6,763   Applied Materials, Inc.         4,889,649
 
 

 

NAA LARGE CORE FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 98.6% (Continued)      
    Technology - 43.8% (Continued)      
1,246   Arista Networks, Inc.(a)       $ 211,670
6,788   Block, Inc.(a)         515,888
18,700   Broadcom, Inc.         7,063,925
359   Ciena Corporation(a)         176,111
36,334   Cisco Systems, Inc.         4,267,792
5,868   Cognizant Technology Solutions Corporation, Class A         227,268
537   Coherent Corp.(a)         211,830
1,032   Corning, Inc.         263,604
4,346   Crowdstrike Holdings, Inc., Class A(a)         3,316,606
5,857   Fiserv, Inc.(a)         287,286
1,211   Gartner, Inc.(a)         156,970
8,699   Hewlett Packard Enterprise Company         392,412
58,273   Intel Corporation(a)         8,136,659
880   International Business Machines Corporation         247,465
589   Jabil, Inc.         227,048
5,468   Lam Research Corporation         2,369,448
2,211   Mastercard, Inc., Class A         1,135,569
11,372   Micron Technology, Inc.         13,126,586
30,704   Microsoft Corporation         11,453,206
96,710   NVIDIA Corporation         19,350,704
4,782   ON Semiconductor Corporation(a)         452,090
16,056   Oracle Corporation         2,353,007
13,240   Palo Alto Networks, Inc.(a)         4,515,105
15,039   PayPal Holdings, Inc.         649,384
16,284   QUALCOMM, Inc.         3,009,120
10,830   Salesforce, Inc.         1,696,628
1,705   Sandisk Corporation(a)         3,876,710
842   Seagate Technology Holdings PLC         812,530
1,839   Texas Instruments, Inc.         548,151
             

123,345,572

    Utilities - 4.7%      
3,179   Alliant Energy Corporation         242,526
3,404   Ameren Corporation         384,788
6,684   American Electric Power Company, Inc.         914,438
 
 

 

NAA LARGE CORE FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 98.6% (Continued)      
    Utilities - 4.7% (Continued)      
2,061   Atmos Energy Corporation       $ 355,048
8,079   CenterPoint Energy, Inc.         355,799
3,781   CMS Energy Corporation         289,247
4,456   Consolidated Edison, Inc.         492,967
5,097   Constellation Energy Corporation         1,265,942
2,582   DTE Energy Company         393,419
12,843   Duke Energy Corporation         1,625,667
4,696   Edison International         349,617
2,835   Evergy, Inc.         245,029
16,780   Exelon Corporation         782,284
8,502   FirstEnergy Corporation         404,185
5,927   NiSource, Inc.         281,829
2,649   NRG Energy, Inc.         386,913
26,814   PG&E Corporation         451,011
1,482   Pinnacle West Capital Corporation         158,574
12,176   PPL Corporation         442,598
6,109   Public Service Enterprise Group, Inc.         495,806
13,514   Southern Company (The)         1,293,425
3,877   Vistra Corporation         615,009
4,019   WEC Energy Group, Inc.         469,299
7,365   Xcel Energy, Inc.         591,410
             

13,286,830

               
    TOTAL COMMON STOCKS (Cost $206,797,391)    

  278,312,936

               
    EXCHANGE-TRADED FUNDS — 1.1%      
    Equity - 1.1%      
2,604   iShares Core S&P 500 ETF         1,950,110
1,717   State Street SPDR S&P 500 ETF Trust         1,282,204
    TOTAL EXCHANGE-TRADED FUNDS (Cost $3,035,651)    

3,232,314

 
 

 

NAA LARGE CORE FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
              Fair Value
               
    TOTAL INVESTMENTS - 99.7% (Cost $209,833,042)     $ 281,545,250
    OTHER ASSETS IN EXCESS OF LIABILITIES- 0.3%    

983,441

    NET ASSETS - 100.0%        

$ 282,528,691

           
               
 

 

 

 

(a) Non-income producing security.

 

 

ETF - Exchange-Traded Fund

Ltd. - Limited Company

SPDR - Standard & Poor’s Depositary Receipt