THE GOVERNMENT STREET EQUITY FUND
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
CLOSED-END FUNDS - 3.6% Shares Value
Commodity - 3.6%
      Sprott Physical Gold Trust (a) 80,000   $ 2,413,600  
      Sprott Physical Silver Trust (a) 77,750   1,467,142  
Total Closed-End Funds (Cost $4,433,469)   $ 3,880,742  
     
     
COMMON STOCKS - 91.6% Shares Value
Communications - 8.3%
Alphabet, Inc. - Class A 5,700   $ 2,037,009  
Alphabet, Inc. - Class C 11,840   4,183,427  
Booking Holdings, Inc. 5,500   980,320  
Meta Platforms, Inc. - Class A 2,700   1,520,883  
Reddit, Inc. - Class A (a) 1,500   260,370  
    8,982,009  
Consumer Discretionary - 6.1%
Amazon.com, Inc. (a) 12,500   2,979,250  
General Motors Company 2,500   192,700  
Home Depot, Inc. (The) 3,000   1,058,040  
Lowe's Companies, Inc. 2,000   440,980  
McDonald's Corporation 4,000   1,081,240  
Tesla, Inc. (a) 2,200   925,320  
    6,677,530  
Consumer Staples - 3.7%
Coca-Cola Company (The) 4,500   365,715  
Procter & Gamble Company (The) 4,000   586,560  
Walmart, Inc. 27,500   3,114,650  
    4,066,925  
Energy - 3.3%
Cheniere Energy, Inc. 4,000   956,040  
Chevron Corporation 4,000   663,040  
ONEOK, Inc. 10,000   869,400  
Phillips 66 6,400   1,081,920  
    3,570,400  
Financials - 12.3%
Aflac, Inc. 12,000   1,407,000  
Ares Management Corporation - Class A 4,000   445,240  
Banco Bilbao Vizcaya Argentaria S.A. - ADR 10,000   250,600  
 
 

 

THE GOVERNMENT STREET EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
 
COMMON STOCKS - 91.6% (Continued) Shares Value
Financials - 12.3% (Continued)
Bank of New York Mellon Corporation (The) 5,500   $ 795,355  
Blackstone, Inc. 9,000   1,059,030  
Brookfield Corporation 40,500   1,724,895  
Citigroup, Inc. 2,000   279,920  
CME Group, Inc. 3,500   772,905  
Goldman Sachs Group, Inc. (The) 1,350   1,365,350  
JPMorgan Chase & Company 16,000   5,237,280  
    13,337,575  
Health Care - 6.7%
Abbott Laboratories 9,500   862,030  
AbbVie, Inc. 11,500   2,893,860  
Bio-Techne Corporation 15,000   1,059,750  
CRISPR Therapeutics AG (a) 7,000   381,780  
Eli Lilly & Company 700   839,601  
GE HealthCare Technologies, Inc. 7,000   448,070  
Merck & Company, Inc. 2,500   321,250  
Thermo Fisher Scientific, Inc. 900   451,224  
    7,257,565  
Industrials - 15.9%
Argan, Inc. 1,000   798,550  
Eaton Corporation plc 2,500   1,065,300  
Emerson Electric Company 4,500   644,175  
GE Vernova, Inc. 1,000   1,174,860  
General Dynamics Corporation 3,700   1,310,688  
General Electric Company 4,000   1,494,920  
Honeywell Aerospace, Inc. (a) 1,000   221,080  
Honeywell International, Inc. 1,000   223,900  
Lockheed Martin Corporation 2,000   1,018,920  
MasTec, Inc. (a) 1,400   582,484  
Parker-Hannifin Corporation 1,425   1,393,821  
Quanta Services, Inc. 4,000   2,880,160  
RTX Corporation 14,000   2,656,220  
TE Connectivity plc 9,000   1,814,490  
    17,279,568  
Materials - 2.8%
Cameco Corporation 4,000   407,440  
Freeport-McMoRan, Inc. 25,000   1,572,250  
Linde plc 1,200   622,728  
Nucor Corporation 1,600   356,400  
Solstice Advanced Materials, Inc. 1,275   112,965  
    3,071,783  
 
 

 

THE GOVERNMENT STREET EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
 
COMMON STOCKS - 91.6% (Continued) Shares Value
Real Estate - 1.2%
Mid-America Apartment Communities, Inc. 9,500   $ 1,319,930  
   
Technology - 29.7%
Apple, Inc. 6,500   1,880,840  
ASML Holding N.V. 1,000   1,989,440  
Broadcom, Inc. 1,500   566,625  
International Business Machines Corporation 2,350   660,843  
Mastercard, Inc. - Class A 2,000   1,027,200  
Micron Technology, Inc. 3,950   4,559,446  
Microsoft Corporation 7,000   2,611,140  
NVIDIA Corporation 76,800   15,366,912  
Palantir Technologies, Inc. - Class A (a) 6,000   700,020  
QUALCOMM, Inc. 2,000   369,580  
Synopsys, Inc. (a) 200   89,214  
Taiwan Semiconductor Manufacturing
 Company Ltd. - ADR
2,300   1,098,411  
Texas Instruments, Inc. 4,500   1,341,315  
    32,260,986  
Utilities - 1.6%
Constellation Energy Corporation 1,400   347,718  
Southern Company (The) 1,500   143,565  
WEC Energy Group, Inc. 11,000   1,284,470  
    1,775,753  
     
Total Common Stocks (Cost $28,414,091) $ 99,600,024  
     
     
EXCHANGE-TRADED FUNDS - 4.5% Shares Value
Invesco S&P 500® Equal Weight ETF 11,000   $ 2,340,470  
iShares MSCI South Korea ETF 6,500   1,312,350  
JPMorgan BetaBuilders Japan ETF 9,500   715,445  
Schwab Crypto Thematic ETF 8,000   559,600  
Total Exchange-Traded Funds (Cost $3,517,174) $ 4,927,865  
     
 
 

 

THE GOVERNMENT STREET EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
 
MONEY MARKET FUNDS - 2.1% Shares Value
Fidelity Institutional Money Market Government Portfolio - Class I, 3.53% (b) (Cost $2,318,771) 2,318,771   $ 2,318,771  
     
Total Investments at Value - 101.8% (Cost $38,683,505) $ 110,727,402  
   
Liabilities in Excess of Other Assets - (1.8%)     (1,976,945 )
   
Net Assets - 100.0% $ 108,750,457  
 

 

 

 

ADR - American Depositary Receipt.
 

 

 

 

 

(a)

Non-income producing security.
(b) The rate shown is the 7-day effective yield as of June 30, 2026.

 

 

 

 

 

 

 
 

 

 

 

THE GOVERNMENT STREET OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
CLOSED-END FUNDS - 3.3% Shares Value
Commodity - 3.3%
      Sprott Physical Gold Trust (a) 68,500   $ 2,066,645  
      Sprott Physical Silver Trust (a) 56,000   1,056,720  
Total Closed-End Funds (Cost $3,610,171)   $ 3,123,365  
     
     
COMMON STOCKS - 82.1% Shares Value
Consumer Discretionary - 3.6%
Dick's Sporting Goods, Inc. 1,700   $ 385,577  
Gildan Activewear, Inc. 10,000   516,000  
Service Corporation International 13,000   987,480  
Tesla, Inc. (a) 1,000   420,600  
Toll Brothers, Inc. 3,000   494,250  
Viking Holdings Ltd. (a) 5,000   523,350  
    3,327,257  
Consumer Staples - 1.5%
Celsius Holdings, Inc. (a) 8,000   234,240  
Church & Dwight Company, Inc. 9,000   871,920  
Kroger Company (The) 5,600   310,968  
    1,417,128  
Energy - 3.0%
Cheniere Energy, Inc. 750   179,258  
ConocoPhillips 6,375   662,745  
ONEOK, Inc. 11,000   956,340  
Targa Resources Corporation 3,700   992,118  
    2,790,461  
Financials - 13.7%
Ares Management Corporation - Class A 7,200   801,432  
Arthur J. Gallagher & Company 6,000   1,377,420  
Banco Bilbao Vizcaya Argentaria S.A. - ADR 10,000   250,600  
Bank of New York Mellon Corporation (The) 1,500   216,915  
Berkley (W.R.) Corporation 25,143   1,773,336  
Brown & Brown, Inc. 10,000   641,500  
CME Group, Inc. 6,000   1,324,980  
Dave, Inc. - Class A (a) 2,000   745,180  
Intercontinental Exchange, Inc. 9,000   1,107,990  
Morgan Stanley 9,565   1,999,467  
Nasdaq, Inc. 22,000   1,734,040  
 
 

 

THE GOVERNMENT STREET OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
 
COMMON STOCKS - 82.1% (Continued) Shares Value
Financials - 13.7% (Continued)
Old Republic International Corporation 20,000   $ 818,400  
    12,791,260  
Health Care - 6.3%
Bio-Techne Corporation 15,000   1,059,750  
Charles River Laboratories International, Inc. (a) 3,000   680,370  
Chemed Corporation 2,000   931,480  
GE HealthCare Technologies, Inc. 5,000   320,050  
Illumina, Inc. (a) 2,000   351,660  
Labcorp Holdings, Inc. 4,000   1,120,000  
Penumbra, Inc. (a) 1,500   473,625  
ResMed, Inc. 1,200   233,856  
Waters Corporation (a) 2,000   750,080  
    5,920,871  
Industrials - 20.0%
AeroVironment, Inc. (a) 2,000   330,140  
Argan, Inc. 3,750   2,994,562  
ATI, Inc. (a) 2,200   433,620  
Construction Partners, Inc. - Class A (a) 1,650   195,970  
Donaldson Company, Inc. 12,000   1,077,240  
Expeditors International of Washington, Inc. 8,000   1,303,840  
Fastenal Company 25,500   1,224,765  
GE Vernova, Inc. 500   587,430  
Generac Holdings, Inc. (a) 2,800   819,868  
Graco, Inc. 11,000   831,710  
Jacobs Solutions, Inc. 8,000   1,008,000  
Kratos Defense & Security Solutions, Inc. (a) 2,300   114,678  
L3Harris Technologies, Inc. 5,250   1,525,598  
MasTec, Inc. (a) 3,000   1,248,180  
MSC Industrial Direct Company, Inc. - Class A 5,000   594,750  
Pentair plc 3,200   245,312  
RBC Bearings, Inc. (a) 400   257,624  
Waste Connections, Inc. 10,500   1,750,245  
Woodward, Inc. 5,000   2,127,200  
    18,670,732  
Materials - 5.8%
Cameco Corporation 7,000   713,020  
Martin Marietta Materials, Inc. 1,500   865,050  
Packaging Corporation of America 5,000   1,191,400  
Ramaco Resources, Inc. - Class B 1,143   9,769  
SSR Mining, Inc. (a) 7,800   220,584  
Steel Dynamics, Inc. 9,000   2,065,140  
 
 

 

THE GOVERNMENT STREET OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
 
COMMON STOCKS - 82.1% (Continued) Shares Value
Materials - 5.8% (Continued)
Valvoline, Inc. (a) 10,236   $ 404,731  
    5,469,694  
Real Estate - 2.4%
Digital Realty Trust, Inc. 2,200   395,076  
Mid-America Apartment Communities, Inc. 13,300   1,847,902  
    2,242,978  
Technology - 25.1%
Advanced Micro Devices, Inc. (a) 1,964   1,140,907  
Amentum Holdings, Inc. (a) 12,990   268,503  
Analog Devices, Inc. 3,671   1,458,011  
Arrow Electronics, Inc. (a) 8,000   1,707,280  
Broadridge Financial Solutions, Inc. 3,500   479,325  
InterDigital, Inc. 1,400   396,382  
Lam Research Corporation 11,750   5,091,628  
Micron Technology, Inc. 1,000   1,154,290  
Nebius Group N.V. - Class A (a) 8,000   2,209,360  
NVIDIA Corporation 42,200   8,443,798  
Palantir Technologies, Inc. - Class A (a) 8,000   933,360  
Rigetti Computing, Inc. (a) 4,000   77,280  
Synopsys, Inc. (a) 400   178,428  
    23,538,552  
Utilities - 0.7%
Constellation Energy Corporation 1,500   372,555  
NextEra Energy, Inc. 2,000   175,540  
NRG Energy, Inc. 800   116,848  
    664,943  
     
Total Common Stocks (Cost $19,238,641) $ 76,833,876  
     
     
EXCHANGE-TRADED FUNDS - 10.8% Shares Value
Global X Dax Germany ETF 9,700   $ 428,430  
iShares Core S&P Mid-Cap ETF 50,000   3,855,500  
iShares MSCI South Korea ETF 5,500   1,110,450  
JPMorgan BetaBuilders Japan ETF 6,300   474,453  
Schwab Crypto Thematic ETF 9,500   664,525  
State Street SPDR S&P MidCap 400® ETF Trust 5,150   3,622,201  
Total Exchange-Traded Funds (Cost $7,326,917) $ 10,155,559  
     
 
 

 

THE GOVERNMENT STREET OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
 
MONEY MARKET FUNDS - 4.2% Shares Value
Fidelity Institutional Money Market Government Portfolio - Class I, 3.53% (b) (Cost $3,891,700) 3,891,700   $ 3,891,700  
     
Total Investments at Value - 100.4% (Cost $34,067,429) $ 94,004,500  
   
Liabilities in Excess of Other Assets - (0.4%)     (381,067 )
   
Net Assets - 100.0% $ 93,623,433  
 

 

 

 

ADR - American Depositary Receipt.
 

 

 

 

 

(a)

Non-income producing security.
(b) The rate shown is the 7-day effective yield as of June 30, 2026.