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MONTEAGLE FUNDS
2026-08-31
MONTEAGLE SELECT VALUE FUND
INSTITUTIONAL CLASS
MVEIX
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">This
<span id="xdx_905_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831_zvUVZc2TDFa3">annual shareholder report</span> contains important information about the </span>Monteagle Select Value Fund – MVEIX (the “Fund”)
for the period September 1, 2025 to August 31, 2026.</p>
annual shareholder report
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">expense Information</span></b></span></p>
<p style="font: 5pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b> </b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b>What were the Fund costs for the past year?</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">(based on a hypothetical $10,000 investment)</p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 60%; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Fund Name</span></td>
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Costs of a $10,000 investment</b></span></td>
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 23%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Costs paid as a percentage of a $10,000 investment</b></span></td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Monteagle Select Value Fund - Institutional Class</span></td>
<td id="xdx_987_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000004359Member_z5FPxsiGQgw9" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$159</td>
<td id="xdx_984_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000004359Member_zOewGn9IR3v1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">1.42%</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
159
0.0142
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">managment’s
discussion of fund performance</span></b></span></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Fund Performance</b></p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund generated positive returns for the fiscal
year ending August 31, 2026, primarily due to its exposure to the Information Technology sector. Although value stocks underperformed
the broader S&P 500, the Fund returned 23.50%, exceeding the S&P 500’s return of 20.38%. The Fund also outperformed the
S&P 500 Value Index (SVX), which returned 18.12% during the fiscal year.</p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Strategy</b></p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund’s investment goal is long-term
capital appreciation. The Fund uses a “value investing” style by investing at least 80 percent of its assets in common stock
of domestic companies believed to be underpriced while utilizing a reversion-to-the-mean strategy. The adviser will generally hold between
20 and 60 equities and diversify its holdings across numerous industries. Value stocks are broadly defined as equities which have a price-to-earnings
ratio and a price-to-book ratio less than the relative market average, a higher dividend yield and a beta of less than 1.0.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Techniques</b></p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund concentrates on equities contained in the S&P 500. The
Fund’s adviser uses a predominant reversion-to-the-mean strategy with a value tilt. More specifically, stocks with attractive earnings
yields and forward earnings yields are targeted for purchase in anticipation of appreciation in price, given favorable valuations and
forward-looking metrics. The adviser also considers a company’s return on invested capital when evaluating its relative attractiveness.
Traditional value metrics used in this analysis include Forward P/E Ratios, Price to Book Ratios and Price to Sales Ratios. Forward P/E
ratios are utilized over traditional P/E ratios to avoid “value traps,” where the price may appear attractive based on current
earnings but may be potentially overvalued when factoring in future earnings. When choosing specific stocks, the various metrics used
for selection are compared against other companies within the same sector to seek the best relative value within each sector. The overall
sector allocation considers the S&P 500’s sector weighting to reduce return volatility relative to the index but can deviate
based on stocks available for purchase. The strategy focuses on stock selection to drive returns compared to sector rotation or market
timing. It is anticipated that the Fund may hold higher levels of cash during periods of market uncertainty. This strategy is executed
with a long-term outlook and will have periods of underperformance and outperformance versus its Index.</p>
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">Performance graph</span></b></span></p>
<p style="font: 5pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b> </b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b>AVERAGE ANNUAL RETURNS</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">(for the periods ended August 31, 2026)</p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
<td style="border-right: black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: top; width: 53%"> </td>
<td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt">
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>One</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Year</b></p></td>
<td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 12%; padding-right: 5.4pt; padding-left: 5.4pt">
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Five</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Year</b></p></td>
<td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 12%; padding-right: 5.4pt; padding-left: 5.4pt">
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Ten</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Year</b></p></td>
<td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; vertical-align: top; width: 12%">
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Dollar</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Value</b></p></td></tr>
<tr>
<td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; white-space: nowrap"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.4pt"><b>Monteagle Select Value Fund - Institutional Class</b></span></td>
<td id="xdx_980_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000004359Member_z9kHUyAbcZo5" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">23.50%</td>
<td id="xdx_981_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000004359Member_zDH7hnhzORYc" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">8.10%</td>
<td id="xdx_980_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000004359Member_zrdItpszaZH5" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">10.37%</td>
<td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: center">$26,831</td></tr>
<tr>
<td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; white-space: nowrap"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>S&P 500 Index</b></span></td>
<td id="xdx_985_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--SP500SelectMember_zWY1gz9SjDLc" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">20.38%</td>
<td id="xdx_984_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--SP500SelectMember_z8ne97nElhX4" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.78%</td>
<td id="xdx_981_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--SP500SelectMember_zqSYWgieYPVe" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">15.37%</td>
<td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: center">$41,774</td></tr>
</table>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b>Cumulative Performance Comparison of $10,000 Investment</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b><img alt="" src="image_002.gif" style="height: 236px; width: 454px"/></b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_900_eoef--PerformancePastDoesNotIndicateFuture_c20250901__20260831__oef--ClassAxis__custom--C000004359Member_zFSyIaeuFhOk">Past
performance is not a good predictor of future performance</span>.</b></span> The returns shown do not reflect taxes that a shareholder would
pay on Fund distributions or on the redemption of Fund shares. Updated performance data current to the most recent month-end can be obtained
by calling 1-888-263-5593.</p>
0.2350
0.0810
0.1037
0.2038
0.1278
0.1537
Past
performance is not a good predictor of future performance
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">Fund statistics</span></b></span></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; width: 27%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">NET</span></td>
<td style="white-space: nowrap; width: 23%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">PORTFOLIO</span></td>
<td style="white-space: nowrap; width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">PORTFOLIO</span></td>
<td style="white-space: nowrap; width: 26%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">FEES PAID TO</span></td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="text-decoration: underline">ASSETS:</span></span></td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="text-decoration: underline">HOLDINGS</span></span></td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="text-decoration: underline">TURNOVER</span></span></td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="text-decoration: underline">THE ADVISER</span></span></td></tr>
<tr style="vertical-align: bottom">
<td id="xdx_985_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000004359Member_zRb28Adjdxca" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$21,098,323</td>
<td id="xdx_987_eoef--HoldingsCount_iI_uHoldings_c20260831__oef--ClassAxis__custom--C000004359Member_ztBmokCZH9xj" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">50</td>
<td id="xdx_98F_eus-gaap--InvestmentCompanyPortfolioTurnover_c20250901__20260831__oef--ClassAxis__custom--C000004359Member_zJwxfEYIbnAc" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">81%</td>
<td id="xdx_983_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000004359Member_zb7vrV72REhk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$94,510</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
21098323
50
0.81
94510
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">PORTFOLIO ILLUSTRATION</span></b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">The following chart gives a visual breakdown of the Fund by the sectors
the underlying securities represent as a percentage of the portfolio of investments.</p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><img alt="" src="image_003.gif" style="height: 298px; width: 456px"/></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">Sectors are categorized using Global Industry Classification Standard.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; display: none; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; width: 76%; padding-right: 5.4pt; padding-left: 5.4pt">Monteagle Select Pie Chart</td>
<td style="white-space: nowrap; width: 24%; padding-right: 5.4pt; padding-left: 5.4pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Money Market Fund</td>
<td id="xdx_983_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--IndustrySectorAxis__us-gaap--MoneyMarketFundsMember_zSXeRFI60BXk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">7.93%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Communication Services</td>
<td id="xdx_989_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--IndustrySectorAxis__custom--CommunicationServicesMember_zT5MIkTZWbDe" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.49%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Consumer Discretionary</td>
<td id="xdx_98F_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zIZVaKKJQkG2" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">7.12%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Consumer Staples</td>
<td id="xdx_980_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_ztxZqKmj3nye" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10.81%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Energy</td>
<td id="xdx_98C_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zzm5WiHcUaQ8" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">6.18%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Financials</td>
<td id="xdx_98D_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--IndustrySectorAxis__custom--FinancialsMember_zOwMB0EUfF2f" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11.15%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Health Care</td>
<td id="xdx_984_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zeWR0RCi9xU9" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10.74%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Industrials</td>
<td id="xdx_988_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_z8KOo2H7opSe" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4.77%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Info. Tech.</td>
<td id="xdx_98C_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_z8p17bKOQBt7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">22.21%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Materials</td>
<td id="xdx_987_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_z4VlEtAh0A6" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">7.37%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Real Estate</td>
<td id="xdx_98A_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zxKsb3pqWwFl" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.54%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Utilities</td>
<td id="xdx_982_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zfEIatQk1Mih" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">7.69%</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
0.0793
0.0249
0.0712
0.1081
0.0618
0.1115
0.1074
0.0477
0.2221
0.0737
0.0154
0.0769
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">top ten holdings</span></b></span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">(% of Net Assets)</p>
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b> </b></span></p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">1.</td>
<td style="white-space: nowrap; width: 82%; padding-right: 5.4pt; padding-left: 5.4pt">Federated Hermes Government Obligations Fund
- Institutional Class</td>
<td id="xdx_986_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--LargestHoldingAxis__custom--FederatedHermesGovtObligMember_zCSRQMZcutBc" style="white-space: nowrap; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">7.93%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">2.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Micron Technology, Inc.</td>
<td id="xdx_98B_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--LargestHoldingAxis__custom--MicronTechnologyIncMember_zTswEi8dvJRj" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">5.00%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">3.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Microsoft Corp.</td>
<td id="xdx_98C_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--LargestHoldingAxis__custom--MicrosoftCorpMember_zuHTYxUMssHk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.61%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">4.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Cisco Systems, Inc.</td>
<td id="xdx_98B_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--LargestHoldingAxis__custom--CiscoSystemsIncMember_zGdXKh5veyb8" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.04%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">5.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Adobe Systems, Inc.</td>
<td id="xdx_98B_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--LargestHoldingAxis__custom--AdobeSystemsIncMember_zYbGuZ4j2jpe" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.91%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">6.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">APA Corp.</td>
<td id="xdx_98A_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--LargestHoldingAxis__custom--ApaCorpMember_zrMn05N9Jafc" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.78%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">7.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">The Campbell's Co.</td>
<td id="xdx_984_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--LargestHoldingAxis__custom--TheCampbellsCoMember_zgQlEvMHwRw4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.54%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">8.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Apollo Global Management, Inc.</td>
<td id="xdx_986_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--LargestHoldingAxis__custom--ApolloGlobalMgmtIncMember_ztHFhqkM3Zki" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.46%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">9.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Salesforce.com, Inc.</td>
<td id="xdx_988_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--LargestHoldingAxis__custom--SalesforcecomIncMember_zgkuXy1p2kvi" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.44%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">10.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Domino's Pizza, Inc.</td>
<td id="xdx_98A_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000004359Member__oef--LargestHoldingAxis__custom--DominosPizzaIncMember_zGIMowinJloa" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.43%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Total % of Net Assets</td>
<td id="xdx_98E_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000004359Member_zP3Dl6L3w966" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">35.14%</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
0.0793
0.0500
0.0361
0.0304
0.0291
0.0278
0.0254
0.0246
0.0244
0.0243
0.3514
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">ADDITIONAL INFORMATION</span></b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif">For additional
information about the Fund; including its prospectus, financial information, holdings and proxy information, visit </span><span id="xdx_90E_eoef--AddlInfoWebsite_c20250901__20260831__oef--ClassAxis__custom--C000004359Member_z0sTwO8A3Llh">https://monteaglefunds.com</span>
or contact us at <span id="xdx_905_eoef--AddlInfoPhoneNumber_c20250901__20260831__oef--ClassAxis__custom--C000004359Member_z7DajobQraIb">1-888-263-5593</span>.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
https://monteaglefunds.com
1-888-263-5593
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; display: none; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; width: 26%; padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; width: 42%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">Select Institutional</td>
<td style="white-space: nowrap; width: 32%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">S&P 500 Index</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2016</td>
<td id="xdx_98F_eoef--AccmVal_c20160801__20160831__oef--ClassAxis__custom--C000004359Member_z77CaOIB0mU2" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10,000</td>
<td id="xdx_98F_eoef--AccmVal_c20160801__20160831__oef--BroadBasedIndexAxis__custom--SP500SelectMember_zfGxlKklEwya" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10,000</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/28/2017</td>
<td id="xdx_98A_eoef--AccmVal_c20170201__20170228__oef--ClassAxis__custom--C000004359Member_zY9bpS9SBD5h" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11,226</td>
<td id="xdx_988_eoef--AccmVal_c20170201__20170228__oef--BroadBasedIndexAxis__custom--SP500SelectMember_zfr6oSltzJEj" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11,000</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2017</td>
<td id="xdx_983_eoef--AccmVal_c20170801__20170831__oef--ClassAxis__custom--C000004359Member_zrFwkcNV1jg" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11,017</td>
<td id="xdx_980_eoef--AccmVal_c20170801__20170831__oef--BroadBasedIndexAxis__custom--SP500SelectMember_zlczmpL4d3Ue" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11,621</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/28/2018</td>
<td id="xdx_982_eoef--AccmVal_c20180201__20180228__oef--ClassAxis__custom--C000004359Member_zHCIzBWgBDnf" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11,966</td>
<td id="xdx_98B_eoef--AccmVal_c20180201__20180228__oef--BroadBasedIndexAxis__custom--SP500SelectMember_zd4yGvz1XpZe" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">12,880</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2018</td>
<td id="xdx_98F_eoef--AccmVal_c20180801__20180831__oef--ClassAxis__custom--C000004359Member_zlGKtzSk2tA6" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">12,556</td>
<td id="xdx_985_eoef--AccmVal_c20180801__20180831__oef--BroadBasedIndexAxis__custom--SP500SelectMember_zAkCzJwXeCf3" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">13,906</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/28/2019</td>
<td id="xdx_981_eoef--AccmVal_c20190201__20190228__oef--ClassAxis__custom--C000004359Member_zePYBBnRZnpf" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">12,290</td>
<td id="xdx_986_eoef--AccmVal_c20190201__20190228__oef--BroadBasedIndexAxis__custom--SP500SelectMember_z16I9WGMpSz3" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">13,483</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2019</td>
<td id="xdx_987_eoef--AccmVal_c20190801__20190831__oef--ClassAxis__custom--C000004359Member_zC5MWURPGOkd" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11,330</td>
<td id="xdx_988_eoef--AccmVal_c20190801__20190831__oef--BroadBasedIndexAxis__custom--SP500SelectMember_z4VvSVjUp0ca" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">14,312</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/29/2020</td>
<td id="xdx_987_eoef--AccmVal_c20200201__20200229__oef--ClassAxis__custom--C000004359Member_zivRwZ6Yetc8" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10,531</td>
<td id="xdx_983_eoef--AccmVal_c20200201__20200229__oef--BroadBasedIndexAxis__custom--SP500SelectMember_zsRDJXj5U1hi" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">14,588</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2020</td>
<td id="xdx_984_eoef--AccmVal_c20200801__20200831__oef--ClassAxis__custom--C000004359Member_zusIpQsy4C22" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10,920</td>
<td id="xdx_98C_eoef--AccmVal_c20200801__20200831__oef--BroadBasedIndexAxis__custom--SP500SelectMember_zVjGri3Dva0k" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">17,452</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/28/2021</td>
<td id="xdx_983_eoef--AccmVal_c20210201__20210228__oef--ClassAxis__custom--C000004359Member_z22YOdDSlm1f" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">16,093</td>
<td id="xdx_983_eoef--AccmVal_c20210201__20210228__oef--BroadBasedIndexAxis__custom--SP500SelectMember_zz8pTCgn2Nt" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">19,152</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2021</td>
<td id="xdx_98E_eoef--AccmVal_c20210801__20210831__oef--ClassAxis__custom--C000004359Member_zCompbHHmfIj" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">18,180</td>
<td id="xdx_981_eoef--AccmVal_c20210801__20210831__oef--BroadBasedIndexAxis__custom--SP500SelectMember_zhc2gJ1scgof" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">22,891</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/28/2022</td>
<td id="xdx_98B_eoef--AccmVal_c20220201__20220228__oef--ClassAxis__custom--C000004359Member_zcYcUspa8IYc" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">17,859</td>
<td id="xdx_985_eoef--AccmVal_c20220201__20220228__oef--BroadBasedIndexAxis__custom--SP500SelectMember_z1V88sOpH9af" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">22,291</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2022</td>
<td id="xdx_988_eoef--AccmVal_c20220801__20220831__oef--ClassAxis__custom--C000004359Member_zExdBR8ynkd" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">16,760</td>
<td id="xdx_987_eoef--AccmVal_c20220801__20220831__oef--BroadBasedIndexAxis__custom--SP500SelectMember_zgvSt8jJ08Bk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">20,321</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/28/2023</td>
<td id="xdx_989_eoef--AccmVal_c20230201__20230228__oef--ClassAxis__custom--C000004359Member_zhcvr6FbiS2e" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">17,297</td>
<td id="xdx_985_eoef--AccmVal_c20230201__20230228__oef--BroadBasedIndexAxis__custom--SP500SelectMember_ziSAd3JnGEKf" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">20,572</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2023</td>
<td id="xdx_98F_eoef--AccmVal_c20230801__20230831__oef--ClassAxis__custom--C000004359Member_zFuih5qVbkJc" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">16,806</td>
<td id="xdx_985_eoef--AccmVal_c20230801__20230831__oef--BroadBasedIndexAxis__custom--SP500SelectMember_zKi2V2Fuu0Q9" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">23,555</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/29/2024</td>
<td id="xdx_98D_eoef--AccmVal_c20240201__20240229__oef--ClassAxis__custom--C000004359Member_zgz7GZigNXTb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">18,323</td>
<td id="xdx_986_eoef--AccmVal_c20240201__20240229__oef--BroadBasedIndexAxis__custom--SP500SelectMember_zSsihNmMOPG9" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">26,836</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2024</td>
<td id="xdx_98A_eoef--AccmVal_c20240801__20240831__oef--ClassAxis__custom--C000004359Member_zarxRBBJDEi1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">20,463</td>
<td id="xdx_986_eoef--AccmVal_c20240801__20240831__oef--BroadBasedIndexAxis__custom--SP500SelectMember_zKlM7kFqj0pc" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">29,946</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/28/2025</td>
<td id="xdx_986_eoef--AccmVal_c20250201__20250228__oef--ClassAxis__custom--C000004359Member_zf7SPK8cpgCh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">19,941</td>
<td id="xdx_988_eoef--AccmVal_c20250201__20250228__oef--BroadBasedIndexAxis__custom--SP500SelectMember_zm5Ky1ssdpP7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">31,775</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2025</td>
<td id="xdx_980_eoef--AccmVal_c20250801__20250831__oef--ClassAxis__custom--C000004359Member_zpgSmupu34e2" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">21,726</td>
<td id="xdx_98A_eoef--AccmVal_c20250801__20250831__oef--BroadBasedIndexAxis__custom--SP500SelectMember_zACKUKA5Gha" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">34,702</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/28/2026</td>
<td id="xdx_988_eoef--AccmVal_c20260201__20260228__oef--ClassAxis__custom--C000004359Member_zSVa7HVzwB5i" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">24,471</td>
<td id="xdx_983_eoef--AccmVal_c20260201__20260228__oef--BroadBasedIndexAxis__custom--SP500SelectMember_zqB4VpXPap3e" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">37,174</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2026</td>
<td id="xdx_98F_eoef--AccmVal_c20260801__20260831__oef--ClassAxis__custom--C000004359Member_zhepzk0JjYE6" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">26,831</td>
<td id="xdx_98E_eoef--AccmVal_c20260801__20260831__oef--BroadBasedIndexAxis__custom--SP500SelectMember_zYAUMZ2RBRGc" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">41,774</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
10000
10000
11226
11000
11017
11621
11966
12880
12556
13906
12290
13483
11330
14312
10531
14588
10920
17452
16093
19152
18180
22891
17859
22291
16760
20321
17297
20572
16806
23555
18323
26836
20463
29946
19941
31775
21726
34702
24471
37174
26831
41774
MONTEAGLE OPPORTUNITY EQUITY FUND
INVESTOR CLASS
HEQFX
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">This
<span id="xdx_90E_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000210931Member_zo5rdfskaYRk">annual shareholder report</span> contains important information about the </span>Monteagle Opportunity Equity Fund – Investor Class –
HEQFX (the “Fund”) for the period September 1, 2025 to August 31, 2026.</p>
annual shareholder report
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">expense Information</span></b></span></p>
<p style="font: 5pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b> </b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b>What were the Fund costs for the past year?</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">(based on a hypothetical $10,000 investment)</p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 64%; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Fund Name</span></td>
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Costs of a $10,000 investment</b></span></td>
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Costs paid as a percentage of a $10,000 investment</b></span></td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Monteagle Opportunity Equity Fund - Investor Class</span></td>
<td id="xdx_98F_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000210931Member_zmQ8tuS3dUqj" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$192</td>
<td id="xdx_987_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000210931Member_zFCvXwb9TS6k" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">1.79%</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
192
0.0179
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">managment’s
discussion of fund performance</span></b></span></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 8.5pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt">The summer months
were marked by a sharp change in market leadership. The AI-driven rally that powered the first half of the year stalled in July. Investors'
attention moved from AI demand to whether the large AI spending plans would pay off. Semiconductor and mega-cap growth stocks sold off,
and value and more economically sensitive areas of the market took the lead. Energy and Financials did especially well, helped by Middle
East tensions, firm oil prices and rising long-term interest rates. Technology recovered in August, but the broadening of the market
beyond a handful of mega-cap names was the defining theme of the period. That favored the Fund's approach.</span></p>
<p style="font: 8.5pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt"> </span></p>
<p style="font: 8.5pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt">In the three months
ending August 31, 2026, the Monteagle Opportunity Equity Fund – Investor Class returned 3.78%, compared to 1.68% for the S&P
500. Against the S&P 500, sector allocation drove most of the Fund's outperformance this quarter, although security selection was
also a positive contributor. The Fund's underweights to Communication Services and Information Technology helped as both sectors lagged
the index. Security selection in Consumer Discretionary was particularly strong. The largest positive contributors for the quarter were
Abercrombie & Fitch Co., Matson Inc., and Veeva Systems Inc. while the largest detractors were Nextpower Inc., Worthington Steel
Inc., and ON Semiconductor Corp.</span></p>
<p style="font: 8.5pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt"> </span></p>
<p style="font: 8.5pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt">Year to date through
August 31, the Fund returned 13.13%, compared to 13.12% for the S&P 500. The first half of 2026 was dominated by an AI and semiconductor
rally of historic strength. The Philadelphia Semiconductor Index rose 88% in the second quarter alone. Because the S&P 500 is heavily
weighted toward the largest technology companies, its Information Technology sector gained 22.40% through August. That sector makes up
roughly 35% of the index, and the Fund's structural underweight negatively impacted allocation. Stock selection in Industrials was the
largest single drag. On the positive side, firm oil prices driven by geopolitical tensions boosted Energy. The Fund's energy holdings
returned 66.27%, compared to 43.45% for the sector in the index. Selection in Consumer Discretionary also provided a meaningful boost
to returns as did the Fund's underweight to the Communication Services sector.</span></p>
<p style="font: 8.5pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt"> </span></p>
<p style="font: 8.5pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt">We continue to
believe in our process through market cycles. The first half of the year showed how a market led by a narrow group of mega-cap technology
stocks can weigh on relative results against the S&P 500. However, the Summer showed that when leadership broadens, a portfolio of
high-quality small- and mid-cap companies can benefit. With long-term interest rates at multi-year highs, a strong earnings backdrop
and ongoing debate about the payoff from AI spending, we believe the Fund is well positioned for the current environment.</span></p>
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">Performance graph</span></b></span></p>
<p style="font: 5pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b> </b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b>AVERAGE ANNUAL RETURNS</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">(for the periods ended August 31, 2026)</p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
<td style="border-right: black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: top; width: 55%"> </td>
<td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt">
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>One</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Year</b></p></td>
<td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 12%; padding-right: 5.4pt; padding-left: 5.4pt">
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Five</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Year</b></p></td>
<td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt">
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Ten</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Year</b></p></td>
<td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; vertical-align: top; width: 11%">
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Dollar</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Value</b></p></td></tr>
<tr>
<td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; white-space: nowrap"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.5pt"><b>Monteagle Opportunity Equity Fund – Investor Class</b></span></td>
<td id="xdx_98E_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000210931Member_zRNWbK4AO4Bl" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">14.78%</td>
<td id="xdx_98E_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000210931Member_z9w7knpLbXUd" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">8.18%</td>
<td id="xdx_982_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000210931Member_zfrwa1lfrZJb" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">9.63%</td>
<td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: center">$ 25,083</td></tr>
<tr>
<td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; white-space: nowrap"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>S&P 500 Index</b></span></td>
<td id="xdx_98B_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_zgSGXNq3lkLj" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">20.38%</td>
<td id="xdx_982_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_z0XD41SHHAhc" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.78%</td>
<td id="xdx_987_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_zyoGZVmjkYrc" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">15.37%</td>
<td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: center">$ 41,775</td></tr>
</table>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b>Cumulative Performance Comparison of $10,000 Investment</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b><img alt="" src="image_004.gif" style="height: 227px; width: 454px"/></b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_901_eoef--PerformancePastDoesNotIndicateFuture_c20250901__20260831__oef--ClassAxis__custom--C000210931Member_z5OOB6AoEm72">Past
performance is not a good predictor of future performance</span>.</b></span> The returns shown do not reflect taxes that a shareholder would
pay on Fund distributions or on the redemption of Fund shares. Updated performance data current to the most recent month-end can be obtained
by calling 1-888-263-5593.</p>
0.1478
0.0818
0.0963
0.2038
0.1278
0.1537
Past
performance is not a good predictor of future performance
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">Fund statistics</span></b></span></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; width: 27%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">NET</span></td>
<td style="white-space: nowrap; width: 23%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">PORTFOLIO</span></td>
<td style="white-space: nowrap; width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">PORTFOLIO</span></td>
<td style="white-space: nowrap; width: 26%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">FEES PAID TO</span></td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="text-decoration: underline">ASSETS:</span></span></td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="text-decoration: underline">HOLDINGS</span></span></td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="text-decoration: underline">TURNOVER</span></span></td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="text-decoration: underline">THE ADVISER</span></span></td></tr>
<tr style="vertical-align: bottom">
<td id="xdx_98F_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000210931Member_z922UjRck9Ck" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$10,340,726</td>
<td id="xdx_98F_eoef--HoldingsCount_iI_uHoldings_c20260831__oef--ClassAxis__custom--C000210931Member_zmyhucrpEIO7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">119</td>
<td id="xdx_984_eus-gaap--InvestmentCompanyPortfolioTurnover_c20250901__20260831__oef--ClassAxis__custom--C000210931Member_zvIfV9Geb23k" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">16%</td>
<td id="xdx_980_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000210931Member_zsGp5QyLKqz4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$41,816</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
10340726
119
0.16
41816
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">PORTFOLIO ILLUSTRATION</span></b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">The following chart gives a visual breakdown of the Fund by the sectors
the underlying securities represent as a percentage of the portfolio of investments.</p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><img alt="" src="image_005.gif" style="height: 275px; width: 456px"/></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">Sectors are categorized using Global Industry Classification Standard.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; display: none; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; width: 80%; padding-right: 5.4pt; padding-left: 5.4pt">Opp. Equity Investor Class Pie Chart</td>
<td style="white-space: nowrap; width: 20%; padding-right: 5.4pt; padding-left: 5.4pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Money Market Fund</td>
<td id="xdx_989_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--IndustrySectorAxis__us-gaap--MoneyMarketFundsMember_z3aHKBsRwoL5" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0.62%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Basic Materials</td>
<td id="xdx_98D_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--IndustrySectorAxis__custom--BasicMaterialsSectorMember_zvYqQ9WyCO27" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.78%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Communication Services</td>
<td id="xdx_983_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--IndustrySectorAxis__custom--CommunicationServicesMember_ziu90NDFMFA7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0.41%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Consumer Discretionary</td>
<td id="xdx_982_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zfX20whQGCmc" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">16.09%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Consumer Staples</td>
<td id="xdx_983_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zbZpmi5pqhN7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4.01%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Energy</td>
<td id="xdx_983_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_z1nNV1p5PFN3" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">5.85%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Financials</td>
<td id="xdx_985_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--IndustrySectorAxis__custom--FinancialsMember_zpLzp6octKt1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">18.60%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Health Care</td>
<td id="xdx_98F_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zb6cMosyOrKg" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8.98%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Industrials</td>
<td id="xdx_982_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zhPZH577ryDl" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">21.04%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Info. Tech.</td>
<td id="xdx_984_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zcw8g8QMKlK2" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.72%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Materials</td>
<td id="xdx_985_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zzadOFE0IW9f" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.17%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Real Estate</td>
<td id="xdx_980_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zHwQDz4VsQwk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.22%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Technology</td>
<td id="xdx_985_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--IndustrySectorAxis__us-gaap--TechnologySectorMember_z5CK7y4g5z7b" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10.12%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Utilities</td>
<td id="xdx_98E_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zCzjPH5Q9wea" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4.39%</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
0.0062
0.0178
0.0041
0.1609
0.0401
0.0585
0.1860
0.0898
0.2104
0.0372
0.0217
0.0222
0.1012
0.0439
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">top ten holdings</span></b></span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">(% of Net Assets)</p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="width: 14%; padding-right: 5.4pt; padding-left: 5.4pt">1.</td>
<td style="white-space: nowrap; width: 66%; padding-right: 5.4pt; padding-left: 5.4pt">Matson, Inc.</td>
<td id="xdx_989_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--LargestHoldingAxis__custom--MatsonIncMember_z6bgmTvvN5Rk" style="white-space: nowrap; width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.00%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">2.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Abercrombie & Fitch Co.</td>
<td id="xdx_98A_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--LargestHoldingAxis__custom--AbercrombieAndFitchCoMember_zOAHifrF4bBc" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.71%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">3.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Brady Corp. Class A</td>
<td id="xdx_980_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--LargestHoldingAxis__custom--BradyCorpClassAMember_znFbBbYP05u1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.30%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">4.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Landstar System, Inc.</td>
<td id="xdx_984_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--LargestHoldingAxis__custom--LandstarSystemsIncMember_zRWkglaaOmLf" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.30%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">5.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Fluor Corp.</td>
<td id="xdx_983_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--LargestHoldingAxis__custom--FluorCorpMember_zrE4WWj6Eh0i" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.29%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">6.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Mueller Industries, Inc.</td>
<td id="xdx_980_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--LargestHoldingAxis__custom--MuellerIndustriesIncMember_zjMQm5p7AJNk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.28%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">7.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Renaissancere Holdings Ltd.</td>
<td id="xdx_982_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--LargestHoldingAxis__custom--RenaissancereHoldingsLtdMember_z2iRAtxxcMwh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.23%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">8.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">A.O. Smith Corp.</td>
<td id="xdx_98A_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--LargestHoldingAxis__custom--AOSmithCorpMember_zt52ntdJHFZd" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.21%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">9.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Veeva Systems, Inc.</td>
<td id="xdx_98B_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--LargestHoldingAxis__custom--VeevaSystemsIncMember_zxwI7CJIp4yg" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.16%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">10.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Alkermes PLC</td>
<td id="xdx_985_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210931Member__oef--LargestHoldingAxis__custom--AlkermesPlcMember_z58mlH8KKlM9" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.16%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Total % of Net Assets</td>
<td id="xdx_983_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210931Member_zeDtttyvbVv1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">13.64%</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
0.0200
0.0171
0.0130
0.0130
0.0129
0.0128
0.0123
0.0121
0.0116
0.0116
0.1364
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">ADDITIONAL INFORMATION</span></b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">For additional
information about the Fund; including its prospectus, financial information, holdings and proxy information, visit <span id="xdx_90A_eoef--AddlInfoWebsite_c20250901__20260831__oef--ClassAxis__custom--C000210931Member_zEIml17kxcS9">https://monteaglefunds.com</span>
or contact us at <span id="xdx_90B_eoef--AddlInfoPhoneNumber_c20250901__20260831__oef--ClassAxis__custom--C000210931Member_zBASFb9r2RJa">1-888-263-5593</span>.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
https://monteaglefunds.com
1-888-263-5593
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; display: none; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; width: 26%; padding-right: 5.4pt; padding-left: 5.4pt">Opp. Equity</td>
<td style="white-space: nowrap; width: 30%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">Investor Class</td>
<td style="white-space: nowrap; width: 44%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">S&P 500 Opp. Eq. Inv.</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2016</td>
<td id="xdx_98C_eoef--AccmVal_c20160801__20160831__oef--ClassAxis__custom--C000210931Member_zDOkbr8BjMnb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10,000</td>
<td id="xdx_984_eoef--AccmVal_c20160801__20160831__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_zN1lhrphoHx6" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10,000</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2/28/2017</td>
<td id="xdx_980_eoef--AccmVal_c20170201__20170228__oef--ClassAxis__custom--C000210931Member_zQx17eAHhqo7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10,924</td>
<td id="xdx_982_eoef--AccmVal_c20170201__20170228__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_zJ1b0qxr0xZe" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11,000</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2017</td>
<td id="xdx_983_eoef--AccmVal_c20170801__20170831__oef--ClassAxis__custom--C000210931Member_zO8cMoQ2WrDa" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10,906</td>
<td id="xdx_98F_eoef--AccmVal_c20170801__20170831__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_z5rGEf0ZG3Ob" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11,621</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2/28/2018</td>
<td id="xdx_984_eoef--AccmVal_c20180201__20180228__oef--ClassAxis__custom--C000210931Member_zUx27pntumAe" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11,319</td>
<td id="xdx_98B_eoef--AccmVal_c20180201__20180228__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_zX4ZQnsp2Ojb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">12,880</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2018</td>
<td id="xdx_988_eoef--AccmVal_c20180801__20180831__oef--ClassAxis__custom--C000210931Member_zWkQOqrZZgwk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">12,159</td>
<td id="xdx_981_eoef--AccmVal_c20180801__20180831__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_z8Fd7HN10PUk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">13,906</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2/28/2019</td>
<td id="xdx_983_eoef--AccmVal_c20190201__20190228__oef--ClassAxis__custom--C000210931Member_znrsYtMBrGch" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11,862</td>
<td id="xdx_98B_eoef--AccmVal_c20190201__20190228__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_z92Zk0KkVFq8" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">13,483</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2019</td>
<td id="xdx_986_eoef--AccmVal_c20190801__20190831__oef--ClassAxis__custom--C000210931Member_ziE9CcRfB7Kd" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11,931</td>
<td id="xdx_98D_eoef--AccmVal_c20190801__20190831__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_zJjtDDUGBm99" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">14,312</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2/29/2020</td>
<td id="xdx_986_eoef--AccmVal_c20200201__20200229__oef--ClassAxis__custom--C000210931Member_zpHTkzsn4ab1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11,420</td>
<td id="xdx_985_eoef--AccmVal_c20200201__20200229__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_z5isptWm3me4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">14,588</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2020</td>
<td id="xdx_989_eoef--AccmVal_c20200801__20200831__oef--ClassAxis__custom--C000210931Member_zKfKBo99E6H2" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">12,603</td>
<td id="xdx_987_eoef--AccmVal_c20200801__20200831__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_zyeDOiDjI5sa" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">17,452</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2/28/2021</td>
<td id="xdx_981_eoef--AccmVal_c20210201__20210228__oef--ClassAxis__custom--C000210931Member_zKKay64ZVVDg" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">15,601</td>
<td id="xdx_98B_eoef--AccmVal_c20210201__20210228__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_z7sDeajIjzme" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">19,152</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2021</td>
<td id="xdx_98B_eoef--AccmVal_c20210801__20210831__oef--ClassAxis__custom--C000210931Member_zs6ekpMzAL3d" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">16,927</td>
<td id="xdx_982_eoef--AccmVal_c20210801__20210831__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_zapHuwvqYy93" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">22,891</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2/28/2022</td>
<td id="xdx_98B_eoef--AccmVal_c20220201__20220228__oef--ClassAxis__custom--C000210931Member_zLTNXZqljRg8" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">16,972</td>
<td id="xdx_980_eoef--AccmVal_c20220201__20220228__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_zvqoteWFtLo5" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">22,291</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2022</td>
<td id="xdx_981_eoef--AccmVal_c20220801__20220831__oef--ClassAxis__custom--C000210931Member_z6insYZeWxsl" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">16,176</td>
<td id="xdx_986_eoef--AccmVal_c20220801__20220831__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_zDHLNG9rNHnd" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">20,321</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2/28/2023</td>
<td id="xdx_988_eoef--AccmVal_c20230201__20230228__oef--ClassAxis__custom--C000210931Member_zMJVVfbxKsQe" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">17,265</td>
<td id="xdx_988_eoef--AccmVal_c20230201__20230228__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_zSmclfgftIae" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">20,572</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2023</td>
<td id="xdx_983_eoef--AccmVal_c20230801__20230831__oef--ClassAxis__custom--C000210931Member_zXGtA9wp5jp" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">17,631</td>
<td id="xdx_984_eoef--AccmVal_c20230801__20230831__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_z3PpTmlhTMF" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">23,555</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2/29/2024</td>
<td id="xdx_98A_eoef--AccmVal_c20240201__20240229__oef--ClassAxis__custom--C000210931Member_zwTSvx8Fgpld" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">19,011</td>
<td id="xdx_98F_eoef--AccmVal_c20240201__20240229__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_zJaAj5OuJa0a" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">26,836</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2024</td>
<td id="xdx_980_eoef--AccmVal_c20240801__20240831__oef--ClassAxis__custom--C000210931Member_zLkNUUGgJnKi" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">20,340</td>
<td id="xdx_980_eoef--AccmVal_c20240801__20240831__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_zkFQOgVonQY6" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">29,946</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2/28/2025</td>
<td id="xdx_984_eoef--AccmVal_c20250201__20250228__oef--ClassAxis__custom--C000210931Member_zN0YfdKQP96l" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">20,430</td>
<td id="xdx_98F_eoef--AccmVal_c20250201__20250228__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_zKXxxnjakq0l" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">31,776</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2025</td>
<td id="xdx_98E_eoef--AccmVal_c20250801__20250831__oef--ClassAxis__custom--C000210931Member_zeqF6NSa3RNf" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">21,852</td>
<td id="xdx_989_eoef--AccmVal_c20250801__20250831__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_zh8YdKgQHDMk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">34,703</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2/28/2026</td>
<td id="xdx_98E_eoef--AccmVal_c20260201__20260228__oef--ClassAxis__custom--C000210931Member_ztd1SVH1opx1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">23,837</td>
<td id="xdx_981_eoef--AccmVal_c20260201__20260228__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_zwm117Ifk3Hb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">37,175</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2026</td>
<td id="xdx_981_eoef--AccmVal_c20260801__20260831__oef--ClassAxis__custom--C000210931Member_z5Hf0hFrKnKb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">25,083</td>
<td id="xdx_989_eoef--AccmVal_c20260801__20260831__oef--BroadBasedIndexAxis__custom--SP500IndexInvMember_z8seV0MQdiYf" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">41,775</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
10000
10000
10924
11000
10906
11621
11319
12880
12159
13906
11862
13483
11931
14312
11420
14588
12603
17452
15601
19152
16927
22891
16972
22291
16176
20321
17265
20572
17631
23555
19011
26836
20340
29946
20430
31776
21852
34703
23837
37175
25083
41775
MONTEAGLE OPPORTUNITY EQUITY FUND
INSTITUTIONAL CLASS
HEQCX
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">This
<span id="xdx_906_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000210932Member_zJ2SieBfBxD3">annual shareholder report</span> contains important information about the </span>Monteagle Opportunity Equity Fund – Institutional Class
– HEQCX (the “Fund”) for the period September 1, 2025 to August 31, 2026.</p>
annual shareholder report
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">expense Information</span></b></span></p>
<p style="font: 5pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b> </b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b>What were the Fund costs for the past year?</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">(based on a hypothetical $10,000 investment)</p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 64%; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Fund Name</span></td>
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Costs of a $10,000 investment</b></span></td>
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Costs paid as a percentage of a $10,000 investment</b></span></td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Monteagle Opportunity Equity Fund - Institutional Class</span></td>
<td id="xdx_98B_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000210932Member_zKf0B1rVarK7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$139</td>
<td id="xdx_98F_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000210932Member_zUrX5JV3u2k2" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">1.29%</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
139
0.0129
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">managment’s
discussion of fund performance</span></b></span></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 8.5pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt">The summer months
were marked by a sharp change in market leadership. The AI-driven rally that powered the first half of the year stalled in July. Investors'
attention moved from AI demand to whether the large AI spending plans would pay off. Semiconductor and mega-cap growth stocks sold off,
and value and more economically sensitive areas of the market took the lead. Energy and Financials did especially well, helped by Middle
East tensions, firm oil prices and rising long-term interest rates. Technology recovered in August, but the broadening of the market
beyond a handful of mega-cap names was the defining theme of the period. That favored the Fund's approach.</span></p>
<p style="font: 8.5pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt"> </span></p>
<p style="font: 8.5pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt">In the three months
ending August 31, 2026, the Monteagle Opportunity Equity Fund – Investor Class returned 3.88%, compared to 1.68% for the S&P
500. Against the S&P 500, sector allocation drove most of the Fund's outperformance this quarter, although security selection was
also a positive contributor. The Fund's underweights to Communication Services and Information Technology helped as both sectors lagged
the index. Security selection in Consumer Discretionary was particularly strong. The largest positive contributors for the quarter were
Abercrombie & Fitch Co., Matson Inc., and Veeva Systems Inc. while the largest detractors were Nextpower Inc., Worthington Steel
Inc., and ON Semiconductor Corp.</span></p>
<p style="font: 8.5pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt"> </span></p>
<p style="font: 8.5pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt">Year to date through
August 31, the Fund returned 13.42%, compared to 13.12% for the S&P 500. The first half of 2026 was dominated by an AI and semiconductor
rally of historic strength. The Philadelphia Semiconductor Index rose 88% in the second quarter alone. Because the S&P 500 is heavily
weighted toward the largest technology companies, its Information Technology sector gained 22.40% through August. That sector makes up
roughly 35% of the index, and the Fund's structural underweight negatively impacted allocation. Stock selection in Industrials was the
largest single drag. On the positive side, firm oil prices driven by geopolitical tensions boosted Energy. The Fund's energy holdings
returned 66.27%, compared to 43.45% for the sector in the index. Selection in Consumer Discretionary also provided a meaningful boost
to returns as did the Fund's underweight to the Communication Services sector.</span></p>
<p style="font: 8.5pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt"> </span></p>
<p style="font: 8.5pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt">We continue to
believe in our process through market cycles. The first half of the year showed how a market led by a narrow group of mega-cap technology
stocks can weigh on relative results against the S&P 500. However, the Summer showed that when leadership broadens, a portfolio of
high-quality small- and mid-cap companies can benefit. With long-term interest rates at multi-year highs, a strong earnings backdrop
and ongoing debate about the payoff from AI spending, we believe the Fund is well positioned for the current environment.</span></p>
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">Performance graph</span></b></span></p>
<p style="font: 5pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b> </b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b>AVERAGE ANNUAL RETURNS</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">(for the periods ended August 31, 2026)</p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
<td style="border-right: black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: top; width: 55%"> </td>
<td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt">
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>One</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Year</b></p></td>
<td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt">
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Five</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Year</b></p></td>
<td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt">
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Ten</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Year</b></p></td>
<td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; vertical-align: top; width: 13%">
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Dollar</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Value</b></p></td></tr>
<tr>
<td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; white-space: nowrap"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.7pt"><b>Monteagle Opportunity Equity Fund - Institutional Class</b></span></td>
<td id="xdx_98D_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000210932Member_zVhU1m8BYHrb" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">15.34%</td>
<td id="xdx_986_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000210932Member_zaqLAAXMTvHf" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">8.70%</td>
<td id="xdx_987_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000210932Member_zu3B2R3PXy4e" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">10.16%</td>
<td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: center">$2,632,045</td></tr>
<tr>
<td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; white-space: nowrap"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>S&P 500 Index</b></span></td>
<td id="xdx_98C_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_zwpUegs6mHV9" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">20.38%</td>
<td id="xdx_98B_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_z5VepLH9zKSb" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.78%</td>
<td id="xdx_981_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_ztBbKUB7J9k1" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">15.37%</td>
<td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: center">$4,177,402</td></tr>
</table>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b>Cumulative Performance Comparison of $1,000,000 Investment</b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b><img alt="" src="image_007.gif" style="height: 230px; width: 454px"/></b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b> </b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b>Past
performance is not a good predictor of future performance. </b></span> The returns shown do not reflect taxes that a shareholder would
pay on Fund distributions or on the redemption of Fund shares. Updated performance data current to the most recent month-end can be obtained
by calling 1-888-263-5593.</p>
0.1534
0.0870
0.1016
0.2038
0.1278
0.1537
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">Fund statistics</span></b></span></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; width: 27%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">NET</span></td>
<td style="white-space: nowrap; width: 23%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">PORTFOLIO</span></td>
<td style="white-space: nowrap; width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">PORTFOLIO</span></td>
<td style="white-space: nowrap; width: 26%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">FEES PAID TO</span></td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="text-decoration: underline">ASSETS:</span></span></td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="text-decoration: underline">HOLDINGS</span></span></td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="text-decoration: underline">TURNOVER</span></span></td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="text-decoration: underline">THE ADVISER</span></span></td></tr>
<tr style="vertical-align: bottom">
<td id="xdx_982_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000210932Member_zIhfCCVhj6n2" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$7,530,566</td>
<td id="xdx_98A_eoef--HoldingsCount_iI_uHoldings_c20260831__oef--ClassAxis__custom--C000210932Member_zCvBhXtRuMQa" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">119</td>
<td id="xdx_98E_eus-gaap--InvestmentCompanyPortfolioTurnover_c20250901__20260831__oef--ClassAxis__custom--C000210932Member_z59sPvtcEoBc" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">16%</td>
<td id="xdx_988_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000210932Member_ztJzxGbj6nk9" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$41,816</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
7530566
119
0.16
41816
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">PORTFOLIO ILLUSTRATION</span></b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">The following chart gives a visual breakdown of the Fund by the sectors
the underlying securities represent as a percentage of the portfolio of investments.</p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><img alt="" src="image_008.gif" style="height: 275px; width: 456px"/></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">Sectors are categorized using Global Industry Classification Standard.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; display: none; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; width: 80%; padding-right: 5.4pt; padding-left: 5.4pt">Opp. Equity Institutional Class Pie Chart</td>
<td style="white-space: nowrap; width: 20%; padding-right: 5.4pt; padding-left: 5.4pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Money Market Fund</td>
<td id="xdx_98D_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--IndustrySectorAxis__us-gaap--MoneyMarketFundsMember_zUqTiESzYJSk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0.62%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Basic Materials</td>
<td id="xdx_985_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--IndustrySectorAxis__custom--BasicMaterialsSectorMember_zbShGmrjgMel" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.78%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Communication Services</td>
<td id="xdx_981_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--IndustrySectorAxis__custom--CommunicationServicesMember_zeVEMusue2x6" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0.41%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Consumer Discretionary</td>
<td id="xdx_981_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zJByZuE7Uzd6" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">16.09%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Consumer Staples</td>
<td id="xdx_988_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zD54k4lMtQId" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4.01%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Energy</td>
<td id="xdx_98C_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zZycNwD6kSGg" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">5.85%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Financials</td>
<td id="xdx_989_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--IndustrySectorAxis__custom--FinancialsMember_zVoGqUBUla54" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">18.60%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Health Care</td>
<td id="xdx_988_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zaOHOb3ZW6rk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8.98%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Industrials</td>
<td id="xdx_98F_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_z2hl89L63ANj" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">21.04%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Info. Tech.</td>
<td id="xdx_98E_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zqEZesDFhCpf" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.72%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Materials</td>
<td id="xdx_98C_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_za6Gy1PttFG2" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.17%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Real Estate</td>
<td id="xdx_987_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zm6NFtqhaEp1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.22%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Technology</td>
<td id="xdx_985_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--IndustrySectorAxis__us-gaap--TechnologySectorMember_zdfhxZjvSOXg" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10.12%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Utilities</td>
<td id="xdx_985_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zcnI3kKjfIs7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4.39%</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
0.0062
0.0178
0.0041
0.1609
0.0401
0.0585
0.1860
0.0898
0.2104
0.0372
0.0217
0.0222
0.1012
0.0439
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">top ten holdings</span></b></span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">(% of Net Assets)</p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="width: 14%; padding-right: 5.4pt; padding-left: 5.4pt">1.</td>
<td style="white-space: nowrap; width: 66%; padding-right: 5.4pt; padding-left: 5.4pt">Matson, Inc.</td>
<td id="xdx_98C_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--LargestHoldingAxis__custom--MatsonIncMember_zCpC0zLBIC98" style="white-space: nowrap; width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.00%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">2.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Abercrombie & Fitch Co.</td>
<td id="xdx_983_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--LargestHoldingAxis__custom--AbercrombieAndFitchCoMember_zCrcwJevfBcl" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.71%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">3.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Brady Corp. Class A</td>
<td id="xdx_988_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--LargestHoldingAxis__custom--BradyCorpClassAMember_zAadLzVq23Fl" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.30%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">4.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Landstar System, Inc.</td>
<td id="xdx_987_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--LargestHoldingAxis__custom--LandstarSystemsIncMember_zuGcxfL9pNZ5" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.30%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">5.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Fluor Corp.</td>
<td id="xdx_987_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--LargestHoldingAxis__custom--FluorCorpMember_z23OVDxJzgAj" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.29%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">6.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Mueller Industries, Inc.</td>
<td id="xdx_985_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--LargestHoldingAxis__custom--MuellerIndustriesIncMember_zDuUY62HsWQg" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.28%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">7.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Renaissancere Holdings Ltd.</td>
<td id="xdx_98A_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--LargestHoldingAxis__custom--RenaissancereHoldingsLtdMember_zzZ8CsRjdzK4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.23%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">8.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">A.O. Smith Corp.</td>
<td id="xdx_98A_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--LargestHoldingAxis__custom--AOSmithCorpMember_zu1AEqbzxaf1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.21%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">9.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Veeva Systems, Inc.</td>
<td id="xdx_98F_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--LargestHoldingAxis__custom--VeevaSystemsIncMember_zfkuVLzERnM6" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.16%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">10.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Alkermes PLC</td>
<td id="xdx_987_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210932Member__oef--LargestHoldingAxis__custom--AlkermesPlcMember_zC7pZDwLEe09" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.16%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Total % of Net Assets</td>
<td id="xdx_98A_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000210932Member_zqz8WvNFIL73" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">13.64%</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
0.0200
0.0171
0.0130
0.0130
0.0129
0.0128
0.0123
0.0121
0.0116
0.0116
0.1364
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">ADDITIONAL INFORMATION</span></b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For additional
information about the Fund; including its prospectus, financial information, holdings and proxy information, visit <span id="xdx_902_eoef--AddlInfoWebsite_c20250901__20260831__oef--ClassAxis__custom--C000210932Member_z33OXWNauMi9">https://monteaglefunds.com</span>
or contact us at <span id="xdx_906_eoef--AddlInfoPhoneNumber_c20250901__20260831__oef--ClassAxis__custom--C000210932Member_zU37RAyaEaG9">1-888-263-5593</span>.</p>
https://monteaglefunds.com
1-888-263-5593
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; display: none; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; width: 23%; padding-right: 5.4pt; padding-left: 5.4pt">Opp. Equity</td>
<td style="white-space: nowrap; width: 35%; padding-right: 5.4pt; padding-left: 5.4pt">Institutional Class</td>
<td style="white-space: nowrap; width: 42%; padding-right: 5.4pt; padding-left: 5.4pt">S&P 500 Opp. Eq. Inst.</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2016</td>
<td id="xdx_984_eoef--AccmVal_c20160801__20160831__oef--ClassAxis__custom--C000210932Member_z6y5JGQHGQDh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,000,000</td>
<td id="xdx_983_eoef--AccmVal_c20160801__20160831__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_zsF5nKN0sjzg" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,000,000</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/28/2017</td>
<td id="xdx_984_eoef--AccmVal_c20170201__20170228__oef--ClassAxis__custom--C000210932Member_z9x4zkPcBlF7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,096,443</td>
<td id="xdx_982_eoef--AccmVal_c20170201__20170228__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_zJDGCiHQAXTh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,099,981</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2017</td>
<td id="xdx_981_eoef--AccmVal_c20170801__20170831__oef--ClassAxis__custom--C000210932Member_zneaEiTX8q59" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,096,443</td>
<td id="xdx_98F_eoef--AccmVal_c20170801__20170831__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_z3OyYO1n4Bna" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,162,098</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/28/2018</td>
<td id="xdx_98C_eoef--AccmVal_c20180201__20180228__oef--ClassAxis__custom--C000210932Member_z4wZT1Hu3wf9" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,139,533</td>
<td id="xdx_980_eoef--AccmVal_c20180201__20180228__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_zoef7FaxSNQ3" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,288,013</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2018</td>
<td id="xdx_98E_eoef--AccmVal_c20180801__20180831__oef--ClassAxis__custom--C000210932Member_z14l9GIS1b9i" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,228,648</td>
<td id="xdx_98A_eoef--AccmVal_c20180801__20180831__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_zVtI6W1Kxplg" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,390,585</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/28/2019</td>
<td id="xdx_987_eoef--AccmVal_c20190201__20190228__oef--ClassAxis__custom--C000210932Member_z4ZRphpfDSac" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,202,850</td>
<td id="xdx_987_eoef--AccmVal_c20190201__20190228__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_z2MR3ArgveIa" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,348,287</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2019</td>
<td id="xdx_982_eoef--AccmVal_c20190801__20190831__oef--ClassAxis__custom--C000210932Member_zYSkGtYz0zpl" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,210,160</td>
<td id="xdx_98F_eoef--AccmVal_c20190801__20190831__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_zRo1XX9BVjEa" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,431,211</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/29/2020</td>
<td id="xdx_983_eoef--AccmVal_c20200201__20200229__oef--ClassAxis__custom--C000210932Member_z2A4RZgd3GNk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,160,969</td>
<td id="xdx_98B_eoef--AccmVal_c20200201__20200229__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_zNXy0JrQxDR2" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,458,750</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2020</td>
<td id="xdx_982_eoef--AccmVal_c20200801__20200831__oef--ClassAxis__custom--C000210932Member_zgmfeBQ547Db" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,285,003</td>
<td id="xdx_980_eoef--AccmVal_c20200801__20200831__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_zFmj9ZDO4XJh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,745,172</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/28/2021</td>
<td id="xdx_98F_eoef--AccmVal_c20210201__20210228__oef--ClassAxis__custom--C000210932Member_zGhYMZijHH2f" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,593,504</td>
<td id="xdx_986_eoef--AccmVal_c20210201__20210228__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_z0LCeaWu587f" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,915,197</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2021</td>
<td id="xdx_98F_eoef--AccmVal_c20210801__20210831__oef--ClassAxis__custom--C000210932Member_zrGf3wmAs3Ya" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,734,750</td>
<td id="xdx_98A_eoef--AccmVal_c20210801__20210831__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_zIpLSbzayEL1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2,289,066</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/28/2022</td>
<td id="xdx_983_eoef--AccmVal_c20220201__20220228__oef--ClassAxis__custom--C000210932Member_zOT8JDRnrpXl" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,743,949</td>
<td id="xdx_989_eoef--AccmVal_c20220201__20220228__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_zBqbskHCLA1l" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2,229,081</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2022</td>
<td id="xdx_988_eoef--AccmVal_c20220801__20220831__oef--ClassAxis__custom--C000210932Member_zm54gZO9Q3og" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,665,644</td>
<td id="xdx_98D_eoef--AccmVal_c20220801__20220831__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_zMXSAZ2oz79b" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2,032,059</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/28/2023</td>
<td id="xdx_986_eoef--AccmVal_c20230201__20230228__oef--ClassAxis__custom--C000210932Member_zvIvDkRkDUyb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,783,590</td>
<td id="xdx_98A_eoef--AccmVal_c20230201__20230228__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_zQJaWXVQ5bTl" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2,057,157</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2023</td>
<td id="xdx_981_eoef--AccmVal_c20230801__20230831__oef--ClassAxis__custom--C000210932Member_z3R724tAqWO8" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,825,498</td>
<td id="xdx_98D_eoef--AccmVal_c20230801__20230831__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_zYMULHMyPS9k" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2,355,478</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/29/2024</td>
<td id="xdx_984_eoef--AccmVal_c20240201__20240229__oef--ClassAxis__custom--C000210932Member_zms3B1YCgKM8" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1,974,256</td>
<td id="xdx_983_eoef--AccmVal_c20240201__20240229__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_zUIM19g0tIme" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2,683,565</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2024</td>
<td id="xdx_983_eoef--AccmVal_c20240801__20240831__oef--ClassAxis__custom--C000210932Member_z7UxPAA1PoEd" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2,111,719</td>
<td id="xdx_984_eoef--AccmVal_c20240801__20240831__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_z6n8xEqvTkz" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2,994,647</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/28/2025</td>
<td id="xdx_98F_eoef--AccmVal_c20250201__20250228__oef--ClassAxis__custom--C000210932Member_zqQfET7rK3yc" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2,126,191</td>
<td id="xdx_982_eoef--AccmVal_c20250201__20250228__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_zfsHygdXl01" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">3,177,509</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2025</td>
<td id="xdx_981_eoef--AccmVal_c20250801__20250831__oef--ClassAxis__custom--C000210932Member_zn70KZO0gUR9" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2,281,955</td>
<td id="xdx_984_eoef--AccmVal_c20250801__20250831__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_zc4KZs9B4PD7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">3,470,186</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/28/2026</td>
<td id="xdx_981_eoef--AccmVal_c20260201__20260228__oef--ClassAxis__custom--C000210932Member_zd34FNyzTKoi" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2,496,388</td>
<td id="xdx_986_eoef--AccmVal_c20260201__20260228__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_zE0RZTt2qlhh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">3,717,416</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2026</td>
<td id="xdx_98F_eoef--AccmVal_c20260801__20260831__oef--ClassAxis__custom--C000210932Member_zGoDbbBZ6EO2" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2,632,045</td>
<td id="xdx_98B_eoef--AccmVal_c20260801__20260831__oef--BroadBasedIndexAxis__custom--SP500IndexInstMember_ziUcbWuTu4D7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">4,177,402</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
1000000
1000000
1096443
1099981
1096443
1162098
1139533
1288013
1228648
1390585
1202850
1348287
1210160
1431211
1160969
1458750
1285003
1745172
1593504
1915197
1734750
2289066
1743949
2229081
1665644
2032059
1783590
2057157
1825498
2355478
1974256
2683565
2111719
2994647
2126191
3177509
2281955
3470186
2496388
3717416
2632045
4177402
MONTEAGLE ENHANCED EQUITY INCOME FUND
INSTITUTIONAL CLASS
EEIFX
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">This
<span id="xdx_904_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000234043Member_zwvz2KezJSk5">annual shareholder report</span> contains important information about the </span>Monteagle Enhanced Equity Income Fund – Institutional
Class - EEIFX (the “Fund”) for the period September 1, 2025 to August 31, 2026.</p>
annual shareholder report
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">expense Information</span></b></span></p>
<p style="font: 5pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b> </b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b>What were the Fund costs for the past year?</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">(based on a hypothetical $10,000 investment)</p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 66%; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Fund Name</span></td>
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Costs of a $10,000 investment</b></span></td>
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Costs paid as a percentage of a $10,000 investment</b></span></td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.2pt">Monteagle Enhanced Equity Income Fund - Institutional Class</span></td>
<td id="xdx_98F_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000234043Member_zT1uJNzWNzUj" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$144</td>
<td id="xdx_98B_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000234043Member_zf4Zq2AjDTL9" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">1.33%</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
144
0.0133
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">managment’s
discussion of fund performance</span></b></span></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt">The Fund enjoyed
positive returns for the year ended August 31, 2026, posting a 12-month total return of 16.97%. This fell short of its stated index,
the CBOE S&P 500 BuyWrite Monthly Index, which posted a 19.31%. Still, the Fund leads its benchmark since inception. While the call
writing strategy employed by the fund did generate substantial income, it also led to some missed upside from "winners" being
called away. This clearly detracted from performance in some cases.</span></p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt"> </span></p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt"><b>Strategy</b></span></p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt">The strategy is
to maintain long positions in quality equity securities expected to appreciate over the long term. The Fund then writes covered call
options above the purchase price in an effort to boost income and total return. The targeted securities typically will not have a beta
to the overall market that will make it too difficult to keep in the portfolio. In the event the security has risen above the strike
price on the option contract expiration date, the securities will be called away and the Fund will reinvest proceeds in a prudent manner.
The Fund also seeks to capture the dividend income on portfolio securities and factors this into derivative selection.</span></p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt"> </span></p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt"><b>Techniques</b></span></p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt">The Fund seeks equity securities than
fall into one of three distinct buckets: 1) names with higher implied volatility than make good call writing candidates, 2) stable income
producing securities and 3) stocks trading at a sizeable discount to what is viewed as fair value. Generally speaking, the Fund seeks
for each bucket to represent roughly 1/3 each of the overall portfolio. Currently, the call writing bucket is dominated by technology
sector names, particularly those levered to a continued artificial intelligence build-out. The income generating bucket primarily consists
of financials and energy names. And, the deep value bucket is largely comprised of consumer discretionary and defense names.</span></p>
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">Performance graph</span></b></span></p>
<p style="font: 5pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b> </b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b>AVERAGE ANNUAL RETURNS</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">(for the periods ended August 31, 2026)</p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b> </b></p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
<td style="border-right: black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: top; width: 64%"> </td>
<td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt">
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>One</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Year</b></p></td>
<td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt">
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Since</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Inception</b></p></td>
<td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; vertical-align: top; width: 11%">
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Dollar</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Value</b></p></td></tr>
<tr>
<td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; white-space: nowrap">
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b>Monteagle Enhanced Equity Income Fund – </b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b>Institutional Class</b></p></td>
<td id="xdx_98B_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000234043Member_zfUQ8oi2RS32" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">16.97%</td>
<td id="xdx_988_eoef--AvgAnnlRtrPct_c20230102__20260831__oef--ClassAxis__custom--C000234043Member_zGeIihvImXbl" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">13.81%</td>
<td style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center">$15,935</td></tr>
<tr>
<td style="border-right: black 1pt solid; border-bottom: Black 1pt solid; border-left: black 1pt solid; white-space: nowrap"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>CBOE S&P 500 BuyWrite Monthly Index</b></span></td>
<td id="xdx_98B_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--CBOEBuyWriteMember_z4uhGQxhnCYl" style="border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">19.31%</td>
<td id="xdx_98C_eoef--AvgAnnlRtrPct_c20230123__20260831__oef--BroadBasedIndexAxis__custom--CBOEBuyWriteMember_zLRwJmOYEajj" style="border-right: black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">13.00%</td>
<td style="border-right: black 1pt solid; border-bottom: Black 1pt solid; vertical-align: top; text-align: center">$15,535</td></tr>
<tr>
<td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; white-space: nowrap"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>S&P 500 Index</b></span></td>
<td id="xdx_98B_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--SP500EnhancedMember_zWKrGPROuNM1" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">20.38%</td>
<td id="xdx_98F_eoef--AvgAnnlRtrPct_c20230123__20260831__oef--BroadBasedIndexAxis__custom--SP500EnhancedMember_zP45xigpWAd3" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">21.36%</td>
<td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: center">$20,096</td></tr>
</table>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b>Cumulative Performance Comparison of $10,000 Investment</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b> </b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b><img alt="" src="image_010.gif" style="height: 226px; width: 450px"/></b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_900_eoef--PerformancePastDoesNotIndicateFuture_c20250901__20260831__oef--ClassAxis__custom--C000234043Member_zm6NqBJbqXwb">Past
performance is not a good predictor of future performance</span>.</b> The returns shown do not reflect taxes that a shareholder would
pay on Fund distributions or on the redemption of Fund shares. Updated performance data current to the most recent month-end can be obtained
by calling 1-888-263-5593</span>.</p>
0.1697
0.1381
0.1931
0.1300
0.2038
0.2136
Past
performance is not a good predictor of future performance
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">Fund statistics</span></b></span></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; width: 27%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">NET</span></td>
<td style="white-space: nowrap; width: 23%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">PORTFOLIO</span></td>
<td style="white-space: nowrap; width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">PORTFOLIO</span></td>
<td style="white-space: nowrap; width: 26%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">FEES PAID TO</span></td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="text-decoration: underline">ASSETS:</span></span></td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="text-decoration: underline">HOLDINGS</span></span></td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="text-decoration: underline">TURNOVER</span></span></td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="text-decoration: underline">THE ADVISER</span></span></td></tr>
<tr style="vertical-align: bottom">
<td id="xdx_985_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000234043Member_zcEWO9tFcArh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$13,388,737</td>
<td id="xdx_987_eoef--HoldingsCount_iI_uHoldings_c20260831__oef--ClassAxis__custom--C000234043Member_zT16PtQrCeA" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">43</td>
<td id="xdx_986_eus-gaap--InvestmentCompanyPortfolioTurnover_c20250901__20260831__oef--ClassAxis__custom--C000234043Member_zXzfk7U4vOh1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">106%</td>
<td id="xdx_989_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000234043Member_zjg3Cc12Ak3c" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$41,026</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
13388737
43
1.06
41026
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">PORTFOLIO ILLUSTRATION</span></b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">The following chart gives a visual breakdown of the Fund by the sectors
the underlying securities represent as a percentage of the portfolio of investments.</p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><img alt="" src="image_011.gif" style="height: 281px; width: 455px"/></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">Sectors are categorized using Global Industry Classification Standard.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; display: none; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; width: 52%; padding-right: 5.4pt; padding-left: 5.4pt">Enhanced Pie Chart</td>
<td style="white-space: nowrap; width: 48%; padding-right: 5.4pt; padding-left: 5.4pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Money Market Fund</td>
<td id="xdx_98A_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000234043Member__oef--IndustrySectorAxis__us-gaap--MoneyMarketFundsMember_zX8PTOXWu6n1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">5.90%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Consumer Discretionary</td>
<td id="xdx_98C_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000234043Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zkRWeEye0OA3" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.88%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Energy</td>
<td id="xdx_986_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000234043Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zAG8ojWEiWG3" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">6.93%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Financials</td>
<td id="xdx_989_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000234043Member__oef--IndustrySectorAxis__custom--FinancialsMember_znwHRZKMgJK3" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">6.73%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Health care</td>
<td id="xdx_98C_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000234043Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zDIR4wiKmGzb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">12.24%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Industrials</td>
<td id="xdx_985_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000234043Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zDjEnihcrdOg" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">13.42%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Info. Tech.</td>
<td id="xdx_984_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000234043Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zrBAJWybnCSh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">14.97%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Technology</td>
<td id="xdx_982_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000234043Member__oef--IndustrySectorAxis__us-gaap--TechnologySectorMember_z1PWbGW02ED2" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">36.93%</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
0.0590
0.0288
0.0693
0.0673
0.1224
0.1342
0.1497
0.3693
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">top ten holdings</span></b></span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">(% of Net Assets)</p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">1.</td>
<td style="white-space: nowrap; width: 82%; padding-right: 5.4pt; padding-left: 5.4pt">Amazon.com, Inc.</td>
<td id="xdx_98E_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000234043Member__oef--LargestHoldingAxis__custom--AmazoncomIncMember_zjUGcgpXd7Lk" style="white-space: nowrap; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">5.82%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">2.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">NVDIA Corp.</td>
<td id="xdx_989_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000234043Member__oef--LargestHoldingAxis__custom--NvidiaCorpMember_zZT8wI9vGN83" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">5.77%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">3.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Microsoft Corp.</td>
<td id="xdx_98B_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000234043Member__oef--LargestHoldingAxis__custom--MicrosoftCorpMember_zNe3lXlpWYNe" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">5.68%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">4.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Federated Hermes Government
Obligations Fund - Institutional Class</td>
<td id="xdx_984_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000234043Member__oef--LargestHoldingAxis__custom--MetaPlatformsIncMember_zHFi6HMMdKX1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">5.52%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">5.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Meta Platforms, Inc.
</td>
<td id="xdx_98E_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000234043Member__oef--LargestHoldingAxis__custom--FederatedHermesGovtObligMember_z3wggbWDJgd5" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4.27%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">6.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Bank of America Corp.</td>
<td id="xdx_98B_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000234043Member__oef--LargestHoldingAxis__custom--BankOfAmericaMember_zUxTRQ54KS24" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4.16%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">7.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Salesforce.com, Inc.</td>
<td id="xdx_986_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000234043Member__oef--LargestHoldingAxis__custom--SalesforcecomIncMember_zXaFqN20AmH9" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.85%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">8.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Alphabet, Inc.</td>
<td id="xdx_982_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000234043Member__oef--LargestHoldingAxis__custom--AlphabetIncMember_zZQB8L5fPPd7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.80%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">9.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">SLB Ltd.</td>
<td id="xdx_988_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000234043Member__oef--LargestHoldingAxis__custom--SLBLtdMember_zBt7xWQD3qF6" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.59%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">10.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Western Digital Corp.</td>
<td id="xdx_983_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000234043Member__oef--LargestHoldingAxis__custom--WesternDigitalCorpMember_zecCqyx7kbVb" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.37%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Total % of Net Assets</td>
<td id="xdx_987_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000234043Member__oef--LargestHoldingAxis__custom--AmazoncomMember_zml7wqHgVZb6" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">45.83%</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
0.0582
0.0577
0.0568
0.0552
0.0427
0.0416
0.0385
0.0380
0.0359
0.0337
0.4583
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">ADDITIONAL INFORMATION</span></b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif">For additional
information about the Fund; including its prospectus, financial information, holdings and proxy information, visit <span id="xdx_907_eoef--AddlInfoWebsite_c20250901__20260831__oef--ClassAxis__custom--C000234043Member_zLMOCg88BtB5">https://monteaglefunds.com</span>
or contact us at <span id="xdx_902_eoef--AddlInfoPhoneNumber_c20250901__20260831__oef--ClassAxis__custom--C000234043Member_zz8Gy6qK8Zjh">1-888-263-5593</span>.</span></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
https://monteaglefunds.com
1-888-263-5593
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; display: none; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; width: 25%; padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; width: 27%; padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; width: 30%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">CBOE S&P 500</td>
<td style="white-space: nowrap; width: 18%; padding-right: 5.4pt; padding-left: 5.4pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">Enhanced Institutional</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">BuyWrite Monthly Index</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">S&P 500 Index</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">Inception 1/23/2023</td>
<td id="xdx_98B_eoef--AccmVal_c20230101__20230131__oef--ClassAxis__custom--C000234043Member_zl6SxjjgB5yh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10000</td>
<td id="xdx_98C_eoef--AccmVal_c20230101__20230131__oef--BroadBasedIndexAxis__custom--CBOEBuyWriteMember_zWNcOE5GXFG8" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10000</td>
<td id="xdx_985_eoef--AccmVal_c20230101__20230131__oef--BroadBasedIndexAxis__custom--SP500EnhancedMember_z0ldZnt9bM81" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10000</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/28/2023</td>
<td id="xdx_98B_eoef--AccmVal_c20230201__20230228__oef--ClassAxis__custom--C000234043Member_zo0s3YGo9Wd9" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">9920</td>
<td id="xdx_98C_eoef--AccmVal_c20230201__20230228__oef--BroadBasedIndexAxis__custom--CBOEBuyWriteMember_zZ0aNNRc5b9j" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10040</td>
<td id="xdx_986_eoef--AccmVal_c20230201__20230228__oef--BroadBasedIndexAxis__custom--SP500EnhancedMember_zW36PtCh36Lk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">9896</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2023</td>
<td id="xdx_989_eoef--AccmVal_c20230801__20230831__oef--ClassAxis__custom--C000234043Member_zdofC0CeIih9" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10521</td>
<td id="xdx_984_eoef--AccmVal_c20230801__20230831__oef--BroadBasedIndexAxis__custom--CBOEBuyWriteMember_zshF3NoXv6H9" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10644</td>
<td id="xdx_980_eoef--AccmVal_c20230801__20230831__oef--BroadBasedIndexAxis__custom--SP500EnhancedMember_zfKwUVhQ0x1j" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11331</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/29/2024</td>
<td id="xdx_98B_eoef--AccmVal_c20240201__20240229__oef--ClassAxis__custom--C000234043Member_zCloEvzHJrRg" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11420</td>
<td id="xdx_98B_eoef--AccmVal_c20240201__20240229__oef--BroadBasedIndexAxis__custom--CBOEBuyWriteMember_zNCgXiXXq0Fb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11196</td>
<td id="xdx_98A_eoef--AccmVal_c20240201__20240229__oef--BroadBasedIndexAxis__custom--SP500EnhancedMember_zulEF9CkJCL5" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">12910</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2024</td>
<td id="xdx_982_eoef--AccmVal_c20240801__20240831__oef--ClassAxis__custom--C000234043Member_ziKURphqVJ36" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">12566</td>
<td id="xdx_989_eoef--AccmVal_c20240801__20240831__oef--BroadBasedIndexAxis__custom--CBOEBuyWriteMember_z5VNmGaruZg7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">12087</td>
<td id="xdx_985_eoef--AccmVal_c20240801__20240831__oef--BroadBasedIndexAxis__custom--SP500EnhancedMember_zcfoWcJvbyT1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">14406</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/28/2025</td>
<td id="xdx_988_eoef--AccmVal_c20250201__20250228__oef--ClassAxis__custom--C000234043Member_zBb06U3epOF3" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">13058</td>
<td id="xdx_98A_eoef--AccmVal_c20250201__20250228__oef--BroadBasedIndexAxis__custom--CBOEBuyWriteMember_zT6dlFA6su39" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">13177</td>
<td id="xdx_98E_eoef--AccmVal_c20250201__20250228__oef--BroadBasedIndexAxis__custom--SP500EnhancedMember_zytrGyU4hMy8" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">15286</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2025</td>
<td id="xdx_980_eoef--AccmVal_c20250801__20250831__oef--ClassAxis__custom--C000234043Member_zB0qTn71Dcn" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">13623</td>
<td id="xdx_98A_eoef--AccmVal_c20250801__20250831__oef--BroadBasedIndexAxis__custom--CBOEBuyWriteMember_zUZbu7MZxNU" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">13021</td>
<td id="xdx_98E_eoef--AccmVal_c20250801__20250831__oef--BroadBasedIndexAxis__custom--SP500EnhancedMember_zxbuaW6fI5p4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">16694</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2/28/2026</td>
<td id="xdx_986_eoef--AccmVal_c20260201__20260228__oef--ClassAxis__custom--C000234043Member_zqfcfEVL5Yd2" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">14172</td>
<td id="xdx_982_eoef--AccmVal_c20260201__20260228__oef--BroadBasedIndexAxis__custom--CBOEBuyWriteMember_zuKP0klbJWwb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">14413</td>
<td id="xdx_980_eoef--AccmVal_c20260201__20260228__oef--BroadBasedIndexAxis__custom--SP500EnhancedMember_za55abn0vlNb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">17883</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8/31/2026</td>
<td id="xdx_98F_eoef--AccmVal_c20260801__20260831__oef--ClassAxis__custom--C000234043Member_zd6NvUhDfzHi" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">15935</td>
<td id="xdx_98F_eoef--AccmVal_c20260801__20260831__oef--BroadBasedIndexAxis__custom--CBOEBuyWriteMember_zIZDKpbhT4B3" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">15535</td>
<td id="xdx_989_eoef--AccmVal_c20260801__20260831__oef--BroadBasedIndexAxis__custom--SP500EnhancedMember_zproCRlKay5a" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">20096</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
10000
10000
10000
9920
10040
9896
10521
10644
11331
11420
11196
12910
12566
12087
14406
13058
13177
15286
13623
13021
16694
14172
14413
17883
15935
15535
20096
THE TEXAS FUND
INSTITUTIONAL CLASS
BIGTX
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">This
<span id="xdx_90C_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000130230Member_zIJ7woUgicKk">annual shareholder report</span> contains important information about The Texas</span> Fund – Institutional Class – BIGTX (the “Fund”)
for the period September 1, 2025 to August 31, 2026.</p>
annual shareholder report
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">expense Information</span></b></span></p>
<p style="font: 5pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b> </b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b>What were the Fund costs for the past year?</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">(based on a hypothetical $10,000 investment)</p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 66%; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Fund Name</span></td>
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Costs of a $10,000 investment</b></span></td>
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Costs paid as a percentage of a $10,000 investment</b></span></td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.2pt">The Texas Fund - Institutional Class</span></td>
<td id="xdx_984_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000130230Member_z4cvS2jVyNl4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$179</td>
<td id="xdx_988_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000130230Member_z8yCxoVYTo9h" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">1.62%</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
179
0.0162
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">managment’s
discussion of fund performance</span></b></span></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt">The Fund enjoyed
positive returns for the year ended August 31, 2026, in part due to favorable stock market conditions. BIGTX outperformed the S&P
500 Index, the S&P 400 Mid Cap Index, and the S&P 500 Equal Weight Index, with returns of 20.38%, 17.13%, and 18.23%, respectively,
compared to the Fund’s 21.32% return. The positive performance of the Fund was primarily attributable to select outperforming stocks
and sector weightings from a tactical allocation strategy. Specifically, the Fund is currently overweight Technology, Energy, and Industrials,
which were top performing sectors within the S&P. The Fund outperforms the S&P 500 Equal Weight Index for the rolling one-year,
three-year, and five-year period and is top-ranked among peers on a one-year and five-year rolling period. It is also in the top 30th
percentile rank of peers in the category by Morningstar for the rolling 1-, 3-, and 5-year periods.</span></p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt"> </span></p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt">The Fund’s
investment goal is long-term capital appreciation. The Fund invests in a broad market capitalization across the various sectors and sizes
of the Texas economy keeping 80% or more of the fund invested in: 1) companies headquartered in Texas, 2) organized under Texas state
laws, or 3) derive 50% of revenues or profits or have 50% of their assets in Texas. The adviser limits the pool of stocks considered
for purchase to only those equities with market capitalization greater than $500 million. The adviser also limits the amount in any one
sector to less than 25% of the overall portfolio of companies.</span></p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt"> </span></p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt">In selecting stocks,
the Fund’s adviser uses a formula ranking stocks in each sector. Company rankings are determined by the Fund’s adviser after
analyzing the financials, valuation, and growth prospects in comparison with their peers in the sector. The advisor considers the macro
environment as well as sector opportunities to determine how heavily to weight a sector. The overall objective is to hold higher ranked
companies for a long-term period to allow the capture of their growth within the Texas economy.</span></p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt"> </span></p>
<p style="font: 9pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 9pt">Since there are
a number of small and mid-cap companies in Texas, the fund does not target a specific market capitalization but includes a broad range.
The Fund also maintains investments across the spectrum of Texas companies from those considered to be value companies to those considered
growth companies.</span></p>
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">Performance graph</span></b></span></p>
<p style="font: 5pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b> </b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b>AVERAGE ANNUAL RETURNS</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">(for the periods ended August 31, 2026)</p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b> </b></p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
<td style="border-right: black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: top; width: 57%"> </td>
<td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt">
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>One</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Year</b></p></td>
<td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt">
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Five</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Year</b></p></td>
<td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt">
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Ten</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Year</b></p></td>
<td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; vertical-align: top; width: 11%">
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Dollar</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Value</b></p></td></tr>
<tr>
<td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; white-space: nowrap"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>The Texas Fund – Institutional Class</b></span></td>
<td id="xdx_98C_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000130230Member_z8LSUuJnJI8g" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">21.32%</td>
<td id="xdx_981_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000130230Member_zcVcpGZ0ZpS7" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">10.14%</td>
<td id="xdx_98E_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000130230Member_zbmIoFewZW6b" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">9.95%</td>
<td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: center">$25,815</td></tr>
<tr>
<td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; white-space: nowrap"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>S&P 500 Index</b></span></td>
<td id="xdx_982_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--SP500TexasMember_zjjr2hLivxSf" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">20.38%</td>
<td id="xdx_98C_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--SP500TexasMember_zztoi45BwUAb" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.78%</td>
<td id="xdx_98E_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--SP500TexasMember_z3X5LEnJKM6k" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">15.37%</td>
<td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: center">$41,774</td></tr>
</table>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b>Cumulative Performance Comparison of $10,000 Investment</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b> </b></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b><img alt="" src="image_013.gif" style="height: 250px; width: 457px"/></b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_907_eoef--PerformancePastDoesNotIndicateFuture_c20250901__20260831__oef--ClassAxis__custom--C000130230Member_zHDKX2pjkFoc">Past
performance is not a good predictor of future performance</span>.</b> The returns shown do not reflect taxes that a shareholder would
pay on Fund distributions or on the redemption of Fund shares. Updated performance data current to the most recent month-end can be obtained
by calling 1-888-263-5593</span>.</p>
0.2132
0.1014
0.0995
0.2038
0.1278
0.1537
Past
performance is not a good predictor of future performance
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">Fund statistics</span></b></span></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; width: 27%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">NET</span></td>
<td style="white-space: nowrap; width: 23%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">PORTFOLIO</span></td>
<td style="white-space: nowrap; width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">PORTFOLIO</span></td>
<td style="white-space: nowrap; width: 26%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">FEES PAID TO</span></td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="text-decoration: underline">ASSETS:</span></span></td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="text-decoration: underline">HOLDINGS</span></span></td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="text-decoration: underline">TURNOVER</span></span></td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="text-decoration: underline">THE ADVISER</span></span></td></tr>
<tr style="vertical-align: bottom">
<td id="xdx_98D_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000130230Member_zypCkT48Ylwl" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$22,378,384</td>
<td id="xdx_986_eoef--HoldingsCount_iI_uHoldings_c20260831__oef--ClassAxis__custom--C000130230Member_zqY7lc86NS79" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">83</td>
<td id="xdx_988_eus-gaap--InvestmentCompanyPortfolioTurnover_c20250901__20260831__oef--ClassAxis__custom--C000130230Member_zphlHK9Y2ezg" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">84%</td>
<td id="xdx_984_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000130230Member_zvM1JMyg1j16" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$79,856</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
22378384
83
0.84
79856
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">PORTFOLIO ILLUSTRATION</span></b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">The following chart gives a visual breakdown of the Fund by the sectors
the underlying securities represent as a percentage of the portfolio of investments.</p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><img alt="" src="image_014.gif" style="height: 299px; width: 458px"/></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">Sectors are categorized using Global Industry Classification Standard.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; display: none; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; width: 75%; padding-right: 5.4pt; padding-left: 5.4pt">Texas Fund Pie Chart</td>
<td style="white-space: nowrap; width: 25%; padding-right: 5.4pt; padding-left: 5.4pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Money Market Fund</td>
<td id="xdx_980_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--IndustrySectorAxis__us-gaap--MoneyMarketFundsMember_zDIf3MzgEjHl" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.74%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Communication Services</td>
<td id="xdx_98F_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--IndustrySectorAxis__custom--CommunicationServicesMember_z5YoI4bzRlN9" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4.85%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Consumer Discretionary</td>
<td id="xdx_983_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zwuv0xjH1gJ4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">9.67%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Consumer Staples</td>
<td id="xdx_98D_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zmNSVgMhSFR1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.55%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Energy</td>
<td id="xdx_984_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zhaAf04yzITg" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">18.59%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Financials</td>
<td id="xdx_982_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--IndustrySectorAxis__custom--FinancialsMember_zDM0xbjtcoMk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">9.48%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Health Care</td>
<td id="xdx_982_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zECswWPQt8bf" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4.15%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Industrials</td>
<td id="xdx_987_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zrqtsGLT5XJ6" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">16.44%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Info. Tech.</td>
<td id="xdx_98D_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zxIeXADlYmeb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">21.60%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Materials</td>
<td id="xdx_984_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zNddHilRy9ke" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.02%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Real Estate</td>
<td id="xdx_985_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zgdGNZE9FVDh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.39%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Utilities</td>
<td id="xdx_987_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zV4tpURbqIfh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4.52%</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
0.0274
0.0485
0.0967
0.0355
0.1859
0.0948
0.0415
0.1644
0.2160
0.0302
0.0139
0.0452
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">top ten holdings</span></b></span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">(% of Net Assets)</p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">1.</td>
<td style="white-space: nowrap; width: 82%; padding-right: 5.4pt; padding-left: 5.4pt">Dell Technologies, Inc. Class C</td>
<td id="xdx_986_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--LargestHoldingAxis__custom--DellTechnologiesIncMember_z4uPHu7sDAj3" style="white-space: nowrap; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.85%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">2.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Tesla, Inc.</td>
<td id="xdx_98A_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--LargestHoldingAxis__custom--TeslaIncMember_zuGXPCJZaf4l" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.83%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">3.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Crowdstrike Holdings, Inc. Class A</td>
<td id="xdx_986_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--LargestHoldingAxis__custom--CrowdstrikeHoldingsIncMember_zLCOzfFzv6Xe" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.59%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">4.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">The Charles Schwab Corp.</td>
<td id="xdx_982_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--LargestHoldingAxis__custom--CharlesSchwabCorpMember_zL1p4KiHQbof" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.13%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">5.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Chevron Corp.</td>
<td id="xdx_98C_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--LargestHoldingAxis__custom--ChevronCorpMember_z7fbF2is46d4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.96%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">6.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Oracle Corp.</td>
<td id="xdx_98D_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--LargestHoldingAxis__custom--OracleCorpMember_zAEbMnUP7ccc" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.95%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">7.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Caterpillar, Inc.</td>
<td id="xdx_987_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--LargestHoldingAxis__custom--CaterpillarIncMember_zu1gdtPaBWfh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.94%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">8.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Exxon Mobil Corp.</td>
<td id="xdx_983_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--LargestHoldingAxis__custom--ExxonMobilCorpMember_zXcmzMehiU6c" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.89%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">9.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Federated Hermes Government Obligations Fund - Institutional
Class</td>
<td id="xdx_984_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--LargestHoldingAxis__custom--FederatedHermesGovtObligMember_zf5ZAcQjOzM" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.74%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">10.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Texas Instruments, Inc.</td>
<td id="xdx_98A_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000130230Member__oef--LargestHoldingAxis__custom--TexasInstrumentsIncMember_zg44w5gWHNrg" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.58%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Total % of Net Assets</td>
<td id="xdx_98F_eoef--PctOfNav_iI_c20260831__oef--ClassAxis__custom--C000130230Member_z94C4Ho1Hsg8" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">31.46%</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
0.0385
0.0383
0.0359
0.0313
0.0296
0.0295
0.0294
0.0289
0.0274
0.0258
0.3146
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">ADDITIONAL INFORMATION</span></b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif">For additional
information about the Fund; including its prospectus, financial information, holdings and proxy information, visit <span id="xdx_905_eoef--AddlInfoWebsite_c20250901__20260831__oef--ClassAxis__custom--C000130230Member_z5JYw5GwH3jj">https://monteaglefunds.com</span>
or contact us at <span id="xdx_909_eoef--AddlInfoPhoneNumber_c20250901__20260831__oef--ClassAxis__custom--C000130230Member_zWlztGI9VwGi">1-888-263-5593</span>.</span></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
https://monteaglefunds.com
1-888-263-5593
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; display: none; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; width: 25%; padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; width: 42%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">Texas Institutional</td>
<td style="white-space: nowrap; width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">S&P 500 Texas</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2016</td>
<td id="xdx_98F_eoef--AccmVal_c20160801__20160831__oef--ClassAxis__custom--C000130230Member_z79J7h90iL12" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10,000</td>
<td id="xdx_98A_eoef--AccmVal_c20160801__20160831__oef--BroadBasedIndexAxis__custom--SP500TexasMember_ztJj5w0lLnwl" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10,000</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2/28/2017</td>
<td id="xdx_98F_eoef--AccmVal_c20170201__20170228__oef--ClassAxis__custom--C000130230Member_zw9J8cFQkpFl" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10,980</td>
<td id="xdx_982_eoef--AccmVal_c20170201__20170228__oef--BroadBasedIndexAxis__custom--SP500TexasMember_zfH5F12V5Bal" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11,000</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2017</td>
<td id="xdx_989_eoef--AccmVal_c20170801__20170831__oef--ClassAxis__custom--C000130230Member_zoX1hQ9WcU3k" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10,563</td>
<td id="xdx_986_eoef--AccmVal_c20170801__20170831__oef--BroadBasedIndexAxis__custom--SP500TexasMember_za71HuXlufa5" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11,621</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2/28/2018</td>
<td id="xdx_984_eoef--AccmVal_c20180201__20180228__oef--ClassAxis__custom--C000130230Member_zoMOAN3vb529" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11,723</td>
<td id="xdx_98C_eoef--AccmVal_c20180201__20180228__oef--BroadBasedIndexAxis__custom--SP500TexasMember_zXEH1jScd9pg" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">12,880</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2018</td>
<td id="xdx_987_eoef--AccmVal_c20180801__20180831__oef--ClassAxis__custom--C000130230Member_zBqZ8ix6Wqha" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">13,480</td>
<td id="xdx_98E_eoef--AccmVal_c20180801__20180831__oef--BroadBasedIndexAxis__custom--SP500TexasMember_zmYnVFof5OQ7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">13,906</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2/28/2019</td>
<td id="xdx_987_eoef--AccmVal_c20190201__20190228__oef--ClassAxis__custom--C000130230Member_zrXXmq1efQLi" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">12,030</td>
<td id="xdx_98D_eoef--AccmVal_c20190201__20190228__oef--BroadBasedIndexAxis__custom--SP500TexasMember_zXhZrNFcuDCd" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">13,483</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2019</td>
<td id="xdx_987_eoef--AccmVal_c20190801__20190831__oef--ClassAxis__custom--C000130230Member_zLU0ro3pi9D8" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11,037</td>
<td id="xdx_983_eoef--AccmVal_c20190801__20190831__oef--BroadBasedIndexAxis__custom--SP500TexasMember_zwNSYYXRSdhe" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">14,312</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2/29/2020</td>
<td id="xdx_98E_eoef--AccmVal_c20200201__20200229__oef--ClassAxis__custom--C000130230Member_ztqvRSAym1hk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10,449</td>
<td id="xdx_98F_eoef--AccmVal_c20200201__20200229__oef--BroadBasedIndexAxis__custom--SP500TexasMember_zEvfX8QtLGI7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">14,588</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2020</td>
<td id="xdx_981_eoef--AccmVal_c20200801__20200831__oef--ClassAxis__custom--C000130230Member_zX5r6lxRc2Z4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11,223</td>
<td id="xdx_982_eoef--AccmVal_c20200801__20200831__oef--BroadBasedIndexAxis__custom--SP500TexasMember_z2byTgin1xx8" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">17,452</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2/28/2021</td>
<td id="xdx_987_eoef--AccmVal_c20210201__20210228__oef--ClassAxis__custom--C000130230Member_zoXnMZ5PPJWi" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">15,502</td>
<td id="xdx_989_eoef--AccmVal_c20210201__20210228__oef--BroadBasedIndexAxis__custom--SP500TexasMember_zF6ZJ1dZWeF9" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">19,152</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2021</td>
<td id="xdx_987_eoef--AccmVal_c20210801__20210831__oef--ClassAxis__custom--C000130230Member_zEVkqRpEmWRe" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">15,929</td>
<td id="xdx_98C_eoef--AccmVal_c20210801__20210831__oef--BroadBasedIndexAxis__custom--SP500TexasMember_zrBUYafx8L3g" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">22,891</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2/28/2022</td>
<td id="xdx_983_eoef--AccmVal_c20220201__20220228__oef--ClassAxis__custom--C000130230Member_zuevBHc0THck" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">16,510</td>
<td id="xdx_981_eoef--AccmVal_c20220201__20220228__oef--BroadBasedIndexAxis__custom--SP500TexasMember_zeniPD7dk2gj" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">22,291</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2022</td>
<td id="xdx_98D_eoef--AccmVal_c20220801__20220831__oef--ClassAxis__custom--C000130230Member_zEEk3vgLZJsb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">15,551</td>
<td id="xdx_98C_eoef--AccmVal_c20220801__20220831__oef--BroadBasedIndexAxis__custom--SP500TexasMember_z3hfqzybg5zc" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">20,321</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2/28/2023</td>
<td id="xdx_98F_eoef--AccmVal_c20230201__20230228__oef--ClassAxis__custom--C000130230Member_z1xIUBk5vyOi" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">15,831</td>
<td id="xdx_988_eoef--AccmVal_c20230201__20230228__oef--BroadBasedIndexAxis__custom--SP500TexasMember_zHOyUXGyuAGe" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">20,572</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2023</td>
<td id="xdx_983_eoef--AccmVal_c20230801__20230831__oef--ClassAxis__custom--C000130230Member_zSkyfatkX4Qb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">16,128</td>
<td id="xdx_98A_eoef--AccmVal_c20230801__20230831__oef--BroadBasedIndexAxis__custom--SP500TexasMember_zFS9sL8aoNGi" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">23,555</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2/29/2024</td>
<td id="xdx_980_eoef--AccmVal_c20240201__20240229__oef--ClassAxis__custom--C000130230Member_zB0p60S5dgp4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">17,701</td>
<td id="xdx_981_eoef--AccmVal_c20240201__20240229__oef--BroadBasedIndexAxis__custom--SP500TexasMember_zet4m4FFsQk8" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">26,836</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2024</td>
<td id="xdx_98D_eoef--AccmVal_c20240801__20240831__oef--ClassAxis__custom--C000130230Member_zWgK4B64Elm7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">19,094</td>
<td id="xdx_982_eoef--AccmVal_c20240801__20240831__oef--BroadBasedIndexAxis__custom--SP500TexasMember_zKHFArSb3Q59" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">29,946</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2/28/2025</td>
<td id="xdx_981_eoef--AccmVal_c20250201__20250228__oef--ClassAxis__custom--C000130230Member_zVrsi7RLZwkk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">19,406</td>
<td id="xdx_98A_eoef--AccmVal_c20250201__20250228__oef--BroadBasedIndexAxis__custom--SP500TexasMember_z9KXrz1qjWYh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">31,775</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2025</td>
<td id="xdx_980_eoef--AccmVal_c20250801__20250831__oef--ClassAxis__custom--C000130230Member_zWxW9yTLCJXb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">21,278</td>
<td id="xdx_98F_eoef--AccmVal_c20250801__20250831__oef--BroadBasedIndexAxis__custom--SP500TexasMember_zDLfRORfste9" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">34,702</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">2/28/2026</td>
<td id="xdx_98A_eoef--AccmVal_c20260201__20260228__oef--ClassAxis__custom--C000130230Member_zKnoJMbqA0gc" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">23,600</td>
<td id="xdx_989_eoef--AccmVal_c20260201__20260228__oef--BroadBasedIndexAxis__custom--SP500TexasMember_zoaevHWwGZ16" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">37,174</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">8/31/2026</td>
<td id="xdx_98C_eoef--AccmVal_c20260801__20260831__oef--ClassAxis__custom--C000130230Member_zJ0sTnBhXjt2" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">25,815</td>
<td id="xdx_982_eoef--AccmVal_c20260801__20260831__oef--BroadBasedIndexAxis__custom--SP500TexasMember_z5Gr1dv4NA5d" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">41,774</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
10000
10000
10980
11000
10563
11621
11723
12880
13480
13906
12030
13483
11037
14312
10449
14588
11223
17452
15502
19152
15929
22891
16510
22291
15551
20321
15831
20572
16128
23555
17701
26836
19094
29946
19406
31775
21278
34702
23600
37174
25815
41774