Schedule of Investments

June 30, 2026 (unaudited)

Upright Growth Fund

Shares or Principal

Security Description

Amount ($)

Fair Value ($)(1)

Common Stocks - 75.92%

Agricultural Inputs - 0.07%

The Mosaic Co.

1,200

25,428

Banks - Diversified - 1.03%

Bank of America Corp.

6,000

341,880

Consumer Electronics - 4.95%

Apple, Inc.

5,700

1,649,352

Drug Manufacturers - General - 1.81%

AbbVie, Inc.

2,400

603,936

Drug Manufacturers - Specialty & Generic - 6.75%

Bausch Health Cos., Inc. (2)

2,000

9,860

Teva Pharmaceutical Industries Ltd. ADR  (2)

66,102

2,239,536

2,249,396

Electrical Equipment & Parts - 0.59%

Plug Power, Inc. (2)

72,500

196,475

Insurance - Life - 0.82%

Brighthouse Financial, Inc.  (2)

1,000

63,300

MetLife, Inc.

2,500

211,525

274,825

Integrated Circuit Design - 30.90%

Himax Technologies, Inc. ADR

671,261

10,297,144

Internet Content & Information- 2.63%

Alphabet, Inc. Class C

2,000

706,660

Meta Platforms, Inc. Class A

300

168,987

875,647

Internet Retail - 0.58%

Alibaba Group Holding Ltd. ADR

2,000

191,960

Semiconductors - 25.32%

ASE Technology Holding Co. Ltd. ADR (2)

400

18,048

Silicon Motion Technology Corp. ADR

700

233,331

Taiwan Semiconductor Manufacturing Co. Ltd. ADR

17,000

8,118,690

United Microelectronics Corp. ADR (2)

2,500

68,025

8,438,094

Specialty Retail - 75.92%

PDD Holdings, Inc. (2)

2,000

152,560

Total Common Stock

(Cost $          10,528,947)

25,296,697

Exchange-Traded Funds (3) - 6.62%

Direxion Daily 20+ Year Treasury Bull 3X ETF

10,000

355,500

Direxion Daily Aerospace & Defense Bull 3X ETF

100

7,990

Direxion Daily Dow Jones Internet Bull 3X ETF

22,000

505,560

Direxion Daily Industrials Bull 3X ETF

1,500

157,560

Direxion Daily Mid Cap 3X Shares ETF

1,500

112,275

Direxion Daily Pharmaceutical & Medical Bull 3X ETF

4,000

72,240

Direxion Daily Real Estate Bull 3X ETF

5,000

52,700

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X ETF

4,000

103,944

Direxion Financial Bull 3X ETF

2,000

294,360

Direxion Small Cap Bull 3X ETF

1,500

112,665

iShares 20+ Year Treasury Bond ETF

5,000

432,100

Total Exchange-Traded Funds

(Cost $            1,651,675)

2,206,894

Money Market Registered Investment Companies (4) - 18.53%

Fidelity Institutional Money Market - Treasury Portfolio - Class I - 3.30%

2,000,000

2,000,000

Morgan Stanley Institutional Liquidity Fund Government Portfolio - 3.30%

4,173,877

4,173,877

Total Money Market Registered Investment Companies

(Cost $            6,173,877)

6,173,877

Total Investments - 101.07%

(Cost $          18,354,500)

33,677,468

Liabilities in Excess of Other Assets - (1.07%)

(355,614)

Total Net Assets - 100.00%

33,321,854

(1)  Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments.

       These inputs are summarized in the three broad levels listed below.

        • Level 1 - quoted prices in active markets for identical securities

        • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

        • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

       The following is a summary of the inputs used as of June 30, 2026 in valuing the Fund's assets carried at fair value:

Investments in

Other Financial

Valuation Inputs

Securities

Instruments (9)

Level 1 - Quoted Prices

$

33,677,468

$

-

Level 2 - Other Significant Observable Inputs

-

-

Level 3 - Significant Unobservable Inputs

-

-

Total

$

33,677,468

$

0

       The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term

       debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment

       Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active

       market, such securities are reflected as Level 2.

(2)  Represents non-income producing securities.

(3)  Exchange-traded fund.

(4)  Investment in affiliate. The yield shown represents the 7-day yield in effect at June 30, 2026.