| JAG LARGE CAP GROWTH FUND | |||||||
| SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
| June 30, 2026 | |||||||
| Shares | Fair Value | ||||||
| COMMON STOCKS — 97.8% | |||||||
| AUTOMOTIVE - 3.0% | |||||||
| 3,048 | Tesla, Inc.(a) | $ 1,281,989 | |||||
| BIOTECH & PHARMA - 3.0% | |||||||
| 1,082 | Eli Lilly & Company | 1,297,783 | |||||
| CABLE & SATELLITE - 1.0% | |||||||
| 2,581 | Space Exploration Technologies Corporation, Class A(a) | 440,990 | |||||
| E-COMMERCE DISCRETIONARY - 5.4% | |||||||
| 9,648 | Amazon.com, Inc.(a) | 2,299,504 | |||||
| ELECTRICAL EQUIPMENT - 7.2% | |||||||
| 2,295 | Bloom Energy Corporation, Class A(a) | 694,697 | |||||
| 3,214 | Rockwell Automation, Inc. | 1,591,187 | |||||
| 2,422 | Vertiv Holdings Company, Class A | 810,934 | |||||
|
3,096,818 | |||||||
| ENTERTAINMENT CONTENT - 2.4% | |||||||
| 4,181 | Take-Two Interactive Software, Inc.(a) | 1,045,166 | |||||
| HEALTH CARE FACILITIES & SERVICES - 3.1% | |||||||
| 1,150 | McKesson Corporation | 868,940 | |||||
| 1,060 | UnitedHealth Group, Inc. | 440,568 | |||||
|
1,309,508 | |||||||
| INDUSTRIAL SUPPORT SERVICES - 1.3% | |||||||
| 13,203 | API Group Corporation(a) | 559,147 | |||||
| INSTITUTIONAL FINANCIAL SERVICES - 3.4% | |||||||
| 1,432 | Goldman Sachs Group, Inc. (The) | 1,448,282 | |||||
| INTERNET MEDIA & SERVICES - 11.6% | |||||||
| 9,650 | Alphabet, Inc., Class A | 3,448,621 | |||||
| 1,995 | Meta Platforms, Inc., Class A | 1,123,764 | |||||
| 811 | Spotify Technology S.A.(a) | 372,354 | |||||
|
4,944,739 | |||||||
| JAG LARGE CAP GROWTH FUND | |||||||
| SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
| June 30, 2026 | |||||||
| Shares | Fair Value | ||||||
| COMMON STOCKS — 97.8% (Continued) | |||||||
| MACHINERY - 3.0% | |||||||
| 1,212 | Caterpillar, Inc. | $ 1,290,659 | |||||
| MEDICAL EQUIPMENT & DEVICES - 2.9% | |||||||
| 4,583 | Natera, Inc.(a) | 1,244,055 | |||||
| RETAIL - CONSUMER STAPLES - 6.2% | |||||||
| 1,189 | Casey's General Stores, Inc. | 945,005 | |||||
| 1,381 | Costco Wholesale Corporation | 1,291,884 | |||||
| 3,691 | Walmart, Inc. | 418,043 | |||||
|
2,654,932 | |||||||
| SEMICONDUCTORS - 25.0% | |||||||
| 1,800 | Advanced Micro Devices, Inc.(a) | 1,045,638 | |||||
| 1,964 | Applied Materials, Inc. | 1,419,972 | |||||
| 560 | ASML Holding N.V. - ADR | 1,114,086 | |||||
| 1,220 | Astera Labs, Inc.(a) | 589,284 | |||||
| 4,552 | Broadcom, Inc. | 1,719,518 | |||||
| 7,550 | Intel Corporation(a) | 1,054,207 | |||||
| 535 | Micron Technology, Inc. | 617,545 | |||||
| 8,752 | NVIDIA Corporation | 1,751,188 | |||||
| 2,983 | Taiwan Semiconductor Manufacturing Company Ltd. - ADR | 1,424,591 | |||||
|
10,736,029 | |||||||
| SOFTWARE - 5.9% | |||||||
| 4,258 | Microsoft Corporation | 1,588,319 | |||||
| 3,842 | ServiceNow, Inc.(a) | 381,434 | |||||
| 2,649 | Twilio, Inc., Class A(a) | 546,568 | |||||
|
2,516,321 | |||||||
| TECHNOLOGY HARDWARE - 12.4% | |||||||
| 12,095 | Apple, Inc. | 3,499,809 | |||||
| 9,282 | Cisco Systems, Inc. | 1,090,264 | |||||
| 1,695 | Dell Technologies, Inc., Class C | 731,325 | |||||
|
5,321,398 | |||||||
| JAG LARGE CAP GROWTH FUND | |||||||
| SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
| June 30, 2026 | |||||||
| Shares | Fair Value | ||||||
| COMMON STOCKS — 97.8% (Continued) | |||||||
| TRANSPORTATION & LOGISTICS - 1.0% | |||||||
| 1,992 | XPO, Inc.(a) | $ 408,938 | |||||
| TOTAL COMMON STOCKS (Cost $30,821,025) |
41,896,258 | ||||||
| Shares | Fair Value | ||||||
| SHORT-TERM INVESTMENTS — 2.8% | |||||||
| MONEY MARKET FUNDS - 2.8% | |||||||
| 1,194,776 | First American Funds Treasury Obligations, Class Z, 3.53% (Cost $1,194,776)(b) | 1,194,776 | |||||
| TOTAL INVESTMENTS - 100.6% (Cost $32,015,801) | $ 43,091,034 | ||||||
| LIABILITIES IN EXCESS OF OTHER ASSETS - (0.6)% |
(245,668) | ||||||
| NET ASSETS - 100.0% |
$ 42,845,366 | ||||||
| ADR | - American Depositary Receipt |
| LTD | - Limited Company |
| N.V. | - Naamioze Vennootschap |
| S.A. | - Societe Anonyme |
| (a) | Non-income producing security. |
| (b) | Rate disclosed is the seven day effective yield as of June 30, 2026. |