Centre American Select Equity Fund
Schedule of Investments
August 31, 2026 (Unaudited)

COMMON STOCKS - 95.5%

Shares  

Value  
Aerospace & Defense - 9.5%

General Dynamics Corp.

            31,975

    $        11,873,916
Hexcel Corp.

            91,644

             8,492,649
Huntington Ingalls Industries, Inc.

            43,873

             12,775,818
RTX Corp.

            66,142

             13,739,678




             46,882,061






Chemicals - 6.6%

Air Products & Chemicals, Inc.

            44,703

             13,833,790
Celanese Corp.

            206,574

             9,394,986
Eastman Chemical Co.

            125,504

             9,091,510




             32,320,286






Electrical Equipment - 6.1%

GE Vernova, Inc.

            11,803

             10,605,350
Generac Holdings, Inc. (a)

            43,166

             8,002,113
Rockwell Automation, Inc.

            27,128

             11,513,937




             30,121,400






Food Products - 1.9%

Archer-Daniels-Midland Co.

            116,501

             9,470,366






Ground Transportation - 6.8%

CSX Corp.

            255,589

             12,909,800
JB Hunt Transport Services, Inc.

            40,645

             10,790,028
Knight-Swift Transportation Holdings, Inc.

            146,495

             10,036,373




             33,736,201






Industrial Conglomerates - 2.1%

3M Co.

            61,349

             10,541,599






Machinery - 2.1%

AGCO Corp.

            88,270

             10,443,224






Metals & Mining - 10.7%

Agnico Eagle Mines Ltd.

            49,663

             10,087,052
Freeport-McMoRan, Inc.

            176,652

             13,379,622
Newmont Goldcorp Corp.

            127,682

             16,095,593
Nucor Corp.

            53,178

             13,275,356




             52,837,623






Oil, Gas & Consumable Fuels - 18.9%

Antero Resources Corp. (a)

            348,384

             13,405,816
Chevron Corp.

            20,179

             4,159,699
Diamondback Energy, Inc.

            46,772

             9,376,851
EQT Corp.

            229,907

             12,456,361
Expand Energy Corp.

            127,470

             12,512,455
ExxonMobil Holdings Corp.

            44,012

             7,083,732
Occidental Petroleum Corp.

            160,446

             9,655,640
Phillips 66

            49,427

             12,187,710
Range Resources Corp.

            308,576

             12,750,360




             93,588,624








Semiconductors & Semiconductor Equipment - 24.4%

Advanced Micro Devices, Inc. (a)

            17,115

             8,056,373
Analog Devices, Inc.

            30,040

             10,878,686
Applied Materials, Inc.

            8,997

             4,124,135
Broadcom, Inc.

            36,144

             13,385,569
KLA Corp.

            14,351

             2,517,883
Lam Research Corp.

            13,950

             4,205,785
Microchip Technology, Inc.

            174,589

             12,823,562
Micron Technology, Inc.

            12,097

             11,597,757
NVIDIA Corp.

            185,732

             41,005,911
Texas Instruments, Inc.

            46,761

             12,200,412




             120,796,073






Technology Hardware, Storage & Peripherals - 6.4%

Apple, Inc.

            56,174

             17,798,732
Super Micro Computer, Inc. (a)

            363,438

             13,548,968




             31,347,700
TOTAL COMMON STOCKS (Cost $403,465,672)

             472,085,157






REAL ESTATE INVESTMENT TRUSTS - 4.0%

Shares  

Value  
Industrial REITs - 2.1%

Prologis, Inc.

            74,195

             10,381,364






Specialized REITs - 1.9%

Weyerhaeuser Co.

            393,527

             9,196,726
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $20,312,905)

             19,578,090






PURCHASED OPTIONS - 0.3% (a)
Notional Amount  

Contracts  

Value  
Put Options - 0.3%




S&P 500 Index, Expiration: 12/18/2026; Exercise Price: $6,025.00 (b)(c)
             481,920,978

            627

             1,479,720
TOTAL PURCHASED OPTIONS (Cost $4,406,630)

             1,479,720






SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 0.2%
Shares  

Value  
First American Government Obligations Fund - Class X, 3.59% (d)

            1,056,985

             1,056,985
TOTAL MONEY MARKET FUNDS (Cost $1,056,985)

             1,056,985






TOTAL INVESTMENTS - 100.0% (Cost $429,242,192)

             494,199,952
Other Assets in Excess of Liabilities - 0.0% (e)
0.00038
            188,782
TOTAL NET ASSETS - 100.0%




    $        494,388,734


Percentages are stated as a percent of net assets.




REIT - Real Estate Investment Trust
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.


(a)

Non-income producing security.
(b)

Exchange-traded.
(c)

100 shares per contract.
(d)

The rate shown represents the 7-day annualized yield as of August 31, 2026.
(e)

Represents less than 0.05% of net assets.





Summary of Fair Value Disclosure as of August 31, 2026 (Unaudited)

Centre American Select Equity Fund has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of August 31, 2026:



Level 1

Level 2

Level 3

Total
Investments:







  Common Stocks
    $        472,085,157

    $        –

    $        –

    $        472,085,157
  Real Estate Investment Trusts
            19,578,090

            –

            –

            19,578,090
  Purchased Options
            –

            1,479,720

            –

            1,479,720
  Money Market Funds
            1,056,985

            –

            –

            1,056,985
Total Investments
    $        492,720,232

    $        1,479,720

    $        –

    $        494,199,952




 

Refer to the Schedule of Investments for further disaggregation of investment categories.