NAA ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 78.8%      
    Communications - 7.0%      
7,316   Alphabet, Inc., Class A       $ 2,614,519
13,294   Alphabet, Inc., Class C         4,697,169
66,773   AT&T, Inc.         1,382,201
25,528   Comcast Corporation, Class A         626,712
2,945   Meta Platforms, Inc., Class A         1,658,889
6,053   Palantir Technologies, Inc., Class A(a)         706,204
17,022   Uber Technologies, Inc.(a)         1,228,308
30,421   Verizon Communications, Inc.         1,288,025
             

14,202,027

    Consumer Discretionary - 3.9%      
16,573   Amazon.com, Inc.(a)         3,950,008
2,542   DR Horton, Inc.         414,041
8,560   General Motors Company         659,805
6,773   Tesla, Inc.(a)         2,848,724
             

7,872,578

    Consumer Staples - 0.2%      
3,442   Walmart, Inc.         389,841
             
    Energy - 5.2%      
2,533   APA Corporation         82,500
9,271   Baker Hughes Company         514,541
11,351   Chevron Corporation         1,881,541
8,809   ConocoPhillips         915,783
1,778   Diamondback Energy, Inc.         312,537
4,471   EQT Corporation         237,723
1,694   Expand Energy Corporation         154,476
18,511   Exxon Mobil Corporation         2,530,823
1,007   First Solar, Inc.(a)         237,612
14,045   Kinder Morgan, Inc.         449,019
2,086   Marathon Petroleum Corporation         533,328
5,204   Occidental Petroleum Corporation         252,758
4,506   ONEOK, Inc.         391,752
3,829   Phillips 66         647,292
14,192   SLB Ltd.         659,786
 
 

 

NAA ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 78.8% (Continued)      
    Energy - 5.2% (Continued)      
418   Texas Pacific Land Corporation       $ 182,934
8,675   Williams Companies, Inc. (The)         644,900
             

10,629,305

    Financials - 7.1%      
2,462   Allstate Corporation (The)         585,808
2,407   Arthur J Gallagher & Company         552,575
29,693   Bank of America Corporation         1,691,907
4,343   Berkshire Hathaway, Inc., Class B(a)         2,173,193
3,459   Chubb Ltd.         1,178,620
14,099   Citigroup, Inc.         1,973,296
1,825   Goldman Sachs Group, Inc. (The)         1,845,750
2,626   Hartford Insurance Group, Inc. (The)         347,998
6,509   JPMorgan Chase & Company         2,130,591
9,090   Morgan Stanley         1,900,174
2,223   Synchrony Financial         169,059
             

14,548,971

    Health Care - 5.2%      
4,898   Amgen, Inc.         1,773,664
2,625   Bristol-Myers Squibb Company         151,253
1,541   Eli Lilly & Company         1,848,322
11,821   Gilead Sciences, Inc.         1,493,465
746   IDEXX Laboratories, Inc.(a)         392,724
567   Insulet Corporation(a)         86,326
16,240   Merck & Company, Inc.         2,086,839
21,485   Pfizer, Inc.         517,359
3,167   Stryker Corporation         997,098
2,441   Vertex Pharmaceuticals, Inc.(a)         1,212,518
             

10,559,568

    Industrials - 10.7%      
11,482   Amphenol Corporation, Class A         2,024,507
577   Boeing Company (The)(a)         124,903
4,601   Carrier Global Corporation         337,483
2,866   Caterpillar, Inc.         3,052,003
85   Comfort Systems USA, Inc.         168,466
 
 

 

NAA ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 78.8% (Continued)      
    Industrials - 10.7% (Continued)      
972   Cummins, Inc.       $ 693,240
1,438   Deere & Company         912,167
5,989   Delta Air Lines, Inc.         560,929
10,903   Fastenal Company         523,671
1,877   GE Vernova, Inc.         2,205,213
1,802   General Dynamics Corporation         638,340
5,572   General Electric Company         2,082,423
3,029   Honeywell Aerospace Inc.(a)         669,651
3,029   Honeywell International, Inc.         678,193
374   Huntington Ingalls Industries, Inc.         104,679
3,903   Johnson Controls International plc         570,267
1,005   L3Harris Technologies, Inc.         292,043
496   Lockheed Martin Corporation, Class B         252,692
952   Northrop Grumman Corporation         484,863
1,198   Parker-Hannifin Corporation         1,171,788
288   Quanta Services, Inc.         207,371
8,094   RTX Corporation         1,535,676
4,516   Southwest Airlines Company         232,213
1,094   Stanley Black & Decker, Inc.         102,967
2,221   United Airlines Holdings, Inc.(a)         302,034
597   United Rentals, Inc.         676,336
1,583   Vertiv Holdings Company, Class A         530,020
423   WW Grainger, Inc.         575,449
             

21,709,587

    Materials - 0.9%      
10,010   Freeport-McMoRan, Inc.         629,529
10,355   Newmont Corporation         967,156
962   Steel Dynamics, Inc.         220,741
             

1,817,426

    Technology - 34.8%      
4,345   Accenture PLC, Class A         540,692
1,145   Adobe, Inc.(a)         234,748
8,097   Advanced Micro Devices, Inc.(a)         4,703,628
35,703   Apple, Inc.         10,331,021
 
 

 

NAA ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 78.8% (Continued)      
    Technology - 34.8% (Continued)      
3,901   Applied Materials, Inc.       $ 2,820,423
720   Arista Networks, Inc.(a)         122,314
3,916   Block, Inc.(a)         297,616
10,775   Broadcom, Inc.         4,070,256
208   Ciena Corporation(a)         102,036
20,939   Cisco Systems, Inc.         2,459,495
3,385   Cognizant Technology Solutions Corporation, Class A         131,101
310   Coherent Corp.(a)         122,286
596   Corning, Inc.         152,236
2,508   Crowdstrike Holdings, Inc., Class A(a)         1,913,955
3,380   Fiserv, Inc.(a)         165,789
700   Gartner, Inc.(a)         90,734
5,018   Hewlett Packard Enterprise Company         226,362
33,608   Intel Corporation(a)         4,692,685
508   International Business Machines Corporation         142,855
340   Jabil, Inc.         131,063
3,155   Lam Research Corporation         1,367,156
1,275   Mastercard, Inc., Class A         654,840
6,548   Micron Technology, Inc.         7,558,291
17,700   Microsoft Corporation         6,602,455
55,762   NVIDIA Corporation         11,157,419
2,758   ON Semiconductor Corporation(a)         260,741
9,257   Oracle Corporation         1,356,613
7,642   Palo Alto Networks, Inc.(a)         2,606,075
8,685   PayPal Holdings, Inc.         375,018
9,392   QUALCOMM, Inc.         1,735,548
6,249   Salesforce, Inc.         978,968
985   Sandisk Corporation(a)         2,239,624
486   Seagate Technology Holdings PLC         468,990
1,061   Texas Instruments, Inc.         316,252
             

71,129,285

    Utilities - 3.8%      
1,834   Alliant Energy Corporation         139,916
1,964   Ameren Corporation         222,011
 
 

 

NAA ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 78.8% (Continued)      
    Utilities - 3.8% (Continued)      
3,855   American Electric Power Company, Inc.       $ 527,403
1,189   Atmos Energy Corporation         204,829
4,659   CenterPoint Energy, Inc.         205,182
2,181   CMS Energy Corporation         166,847
2,570   Consolidated Edison, Inc.         284,319
2,937   Constellation Energy Corporation         729,463
1,490   DTE Energy Company         227,031
7,403   Duke Energy Corporation         937,073
2,707   Edison International         201,536
1,636   Evergy, Inc.         141,399
9,669   Exelon Corporation         450,769
4,904   FirstEnergy Corporation         233,136
3,419   NiSource, Inc.         162,573
1,524   NRG Energy, Inc.         222,595
15,465   PG&E Corporation         260,121
856   Pinnacle West Capital Corporation         91,592
7,017   PPL Corporation         255,068
3,524   Public Service Enterprise Group, Inc.         286,008
7,793   Southern Company (The)         745,868
2,237   Vistra Corporation         354,855
2,319   WEC Energy Group, Inc.         270,790
4,248   Xcel Energy, Inc.         341,114
             

7,661,498

               
    TOTAL COMMON STOCKS (Cost $114,168,640)    

  160,520,086

               
    EXCHANGE-TRADED FUNDS — 3.7%      
    Equity - 2.0%      
2,682   iShares Core S&P 500 ETF         2,008,523
2,700   State Street SPDR S&P 500 ETF Trust         2,016,279
             

4,024,802

 
 

 

NAA ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    EXCHANGE-TRADED FUNDS — 3.7% (Continued)      
    Fixed Income - 1.7%      
43,197   iShares iBoxx $ High Yield Corporate Bond ETF       $ 3,454,464
             
               
    TOTAL EXCHANGE-TRADED FUNDS (Cost $7,372,099)    

  7,479,266

               
Principal Amount ($)         Coupon Rate (%) Maturity Fair Value
    CONVERTIBLE BONDS — 0.5%      
    REAL ESTATE — 0.5%      
1,000,000   Marriott Vacations Worldwide Corp.   4.7500 01/15/28   988,958
             
  TOTAL CONVERTIBLE BONDS (Cost $983,005)    

988,958

             
    CORPORATE BONDS — 16.0%      
    COMMUNICATIONS — 2.4%      
1,000,000   Boyd Gaming Corporation     4.7500 12/01/27   996,733
1,000,000   CCO Holdings, LLC / CCO Holdings Capital (b)   4.5000 06/01/33   870,141
1,000,000   Nexstar Broadcasting, Inc. (b)   4.7500 11/01/28   979,558
1,000,000   Paramount Global   6.8750 04/30/36   939,470
1,000,000   Telecom Italia Capital S.A.   7.2000 07/18/36   1,093,603
              4,879,505
    CONSUMER DISCRETIONARY — 2.9%      
1,000,000   Builders FirstSource, Inc. (b)   6.3750 03/01/34   1,011,035
1,000,000   Caesars Entertainment, Inc. (b)   7.0000 02/15/30   1,006,000
1,000,000   Nissan Motor Acceptance Company, LLC (b)   2.7500 03/09/28   951,879
1,000,000   Papa John's International, Inc.(b)   3.8750 09/15/29   957,231
1,000,000   Six Flags Entertainment Corporation (b)   7.2500 05/15/31   994,349
1,000,000   Thor Industries, Inc. (b)   4.0000 10/15/29   949,294
              5,869,788
    CONSUMER STAPLES — 1.0%      
1,000,000   Lamb Weston Holdings, Inc. (b)   4.3750 01/31/32   940,229
1,000,000   Performance Food Group Inc. (b)   6.1250 09/15/32   1,012,286
              1,952,515
 
 

 

NAA ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Principal Amount ($)         Coupon Rate (%) Maturity Fair Value
    CORPORATE BONDS — 16.0% (Continued)      
    ENERGY — 2.4%      
1,000,000   Magnolia Oil and Gas Operating LLC (b)   6.8750 12/01/32 $ 1,018,480
1,000,000   Murphy Oil Corporation   6.0000 10/01/32   995,972
1,000,000   Occidental Petroleum Corporation  B   3.2000 08/15/26   997,358
1,000,000   Valaris Ltd.(b)   8.3750 04/30/30   1,038,413
1,000,000   Valvoline, Inc.(b)   3.6250 06/15/31   919,646
              4,969,869
    FINANCIALS — 0.5%      
1,000,000   Starwood Property Trust, Inc.(b)   7.2500 04/01/29   1,032,593
             
    HEALTH CARE — 1.0%      
1,000,000   Encompass Health Corporation      4.6250 04/01/31   965,512
1,000,000   TELEFLEX Inc.  Series  B (b)   4.2500 06/01/28   985,763
              1,951,275
    INDUSTRIALS — 1.4%      
1,000,000   Aramark Services, Inc.(b)   5.0000 02/01/28   998,007
1,000,000   Atkore, Inc.  Series (b)   4.2500 06/01/31   957,271
1,000,000   Dycom Industries, Inc. (b)   4.5000 04/15/29   978,062
              2,933,340
    MATERIALS — 1.5%      
1,000,000   Advanced Drainage Systems, Inc. (b)   6.3750 06/15/30   1,013,800
1,000,000   Alcoa Nederland Holding BV (b)   7.1250 03/15/31   1,037,823
1,000,000   Olin Corporation (b)   6.6250 04/01/33   987,457
              3,039,080
    REAL ESTATE — 1.0%      
1,000,000   Iron Mountain Information Management Services, Inc. (b)   5.0000 07/15/32   960,837
1,000,000   SBA Communications Corp.   3.8750 02/15/27   994,378
              1,955,215
    TECHNOLOGY — 0.9%      
1,000,000   Open Text Holdings, Inc. SR GLBL 30(b)   4.1250 02/15/30   915,987
1,000,000   Sealed Air Corporation (b)   6.8750 07/15/33   993,404
              1,909,391
    UTILITES — 1.0%      
1,000,000   NRG Energy, Inc.  Series(b)   6.2500 11/01/34   1,012,523
1,000,000   Vistra Operations Company, LLC(b)   7.7500 10/15/31   1,046,341
 
 

 

NAA ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
              Fair Value
    CORPORATE BONDS — 16.0% (Continued)      
    UTILITES — 1.0% (Continued)      
            $ 2,058,864
  TOTAL CORPORATE BONDS (Cost $32,388,621)    

32,551,435

             
    TOTAL INVESTMENTS - 99.0% (Cost $154,912,365)     $ 201,539,745
    OTHER ASSETS IN EXCESS OF LIABILITIES- 1.0%    

2,022,747

    NET ASSETS - 100.0%        

$ 203,562,492

           
               
 

 

(a) Non-income producing security.
(b) Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers.  As of June 30, 2026 the total market value of 144A securities is 25,568,409 or 12.6% of net assets.
   

 

 

ETF

                     - Exchange-Traded Fund
Ltd.                     - Limited Company
S.A.                     - Société Anonyme
SPDR                     - Standard & Poor’s Depositary Receipt