PLUMB EQUITY FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 99.1%      
    AEROSPACE & DEFENSE - 8.4%      
14,000   AAR Corporation(a)       $ 2,001,020
2,000   Honeywell Aerospace Inc.(a)         442,160
12,000   Park Aerospace Corporation         457,920
             

2,901,100

    AUTOMOBILE COMPONENTS - 3.5%      
4,500   Modine Manufacturing Company(a)         1,201,590
             
    BANKS - 4.5%      
2,600   JPMorgan Chase & Company         851,058
52,000   NU Holdings Ltd./Cayman Islands, Class A(a)         694,720
             

1,545,778

    BROADLINE RETAIL - 6.0%      
4,800   Amazon.com, Inc.(a)         1,144,032
550   MercadoLibre, Inc.(a)         933,565
             

2,077,597

    COMMERCIAL SERVICES & SUPPLIES - 6.1%      
9,250   VSE Corporation         2,113,625
             
    CONSUMER FINANCE - 2.9%      
3,000   American Express Company         1,014,750
             
    ELECTRICAL EQUIPMENT - 1.7%      
500   GE Vernova, Inc.         587,430
             
    FINANCIAL SERVICES - 6.6%      
2,000   Mastercard, Inc., Class A         1,027,200
3,600   Visa, Inc., Class A         1,235,124
             

2,262,324

    HEALTH CARE EQUIPMENT & SUPPLIES - 3.5%      
1,900   Intuitive Surgical, Inc.(a)         755,592
1,500   Stryker Corporation         472,260
             

1,227,852

 
 

 

PLUMB EQUITY FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 99.1% (Continued)      
    INDUSTRIAL CONGLOMERATES - 1.3%      
2,000   Honeywell International, Inc.       $ 447,800
             
    INTERACTIVE MEDIA & SERVICES - 7.8%      
7,500   Alphabet, Inc., Class A         2,680,275
             
    OIL, GAS & CONSUMABLE FUELS - 4.8%      
2,850   Marathon Petroleum Corporation         728,660
5,450   Phillips 66         921,322
             

1,649,982

    PHARMACEUTICALS - 2.1%      
600   Eli Lilly & Company         719,658
             
    SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 28.9%      
7,800   Advanced Micro Devices, Inc.(a)         4,531,097
1,887   ARM Holdings PLC - ADR(a)         669,074
3,000   Microchip Technology, Inc.         273,600
21,000   NVIDIA Corporation         4,201,890
681   Taiwan Semiconductor Manufacturing Company Ltd. - ADR         325,225
             

10,000,886

    SOFTWARE - 7.2%      
2,000   Cadence Design Systems, Inc.(a)         750,640
3,000   Microsoft Corporation         1,119,060
1,388   Synopsys, Inc.(a)         619,145
             

2,488,845

    TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS - 3.8%      
4,500   Apple, Inc.         1,302,120
               
    TOTAL COMMON STOCKS (Cost $13,669,408)    

  34,221,612

               
 
 

 

PLUMB EQUITY FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    SHORT-TERM INVESTMENTS — 0.9%      
    MONEY MARKET FUNDS - 0.9%          
295,131   First American Government Obligations Fund, Class X, 3.56% (Cost $295,131)(b)       $ 295,131
           
    TOTAL INVESTMENTS - 100.0% (Cost $13,964,539)     $ 34,516,743
    LIABILITIES IN EXCESS OF OTHER ASSETS – (0.0%)(c)    

(11,699)

    NET ASSETS - 100.0%        

$ 34,505,044

           
               
 
                       

 

 

 

ADR  - American Depositary Receipt
Ltd.  - Limited Company
   
 

 

 

 

 

(a) Non-income producing security.
(b) Rate disclosed is the seven day effective yield as of June 30, 2026.
(c) Percentage rounds to less than 0.1%.