Callon Petroleum Company

0001752724-23-273998.txt : 20231129 0001752724-23-273998.hdr.sgml : 20231129 20231129150315 ACCESSION NUMBER: 0001752724-23-273998 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230930 FILED AS OF DATE: 20231129 DATE AS OF CHANGE: 20231129 PERIOD START: 20240630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JAMES ADVANTAGE FUNDS CENTRAL INDEX KEY: 0001045487 IRS NUMBER: 000000000 STATE OF INCORPORATION: OH FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-08411 FILM NUMBER: 231451562 BUSINESS ADDRESS: STREET 1: 1349 FAIRGROUND RD CITY: BEAVERCREEK STATE: OH ZIP: 45385 BUSINESS PHONE: 9374267640 MAIL ADDRESS: STREET 1: 1349 FAIRGROUND RD CITY: BEAVERCREEK STATE: OH ZIP: 45385 FORMER COMPANY: FORMER CONFORMED NAME: JAMES FUNDS DATE OF NAME CHANGE: 19970904

0001045487 S000003563 James Small Cap Fund

C000009903 James Small Cap Fund JASCX

NPORT-P 1 primary_doc.xml NPORT-P false 0001045487 XXXXXXXX S000003563 C000009903 JAMES ADVANTAGE FUNDS 811-08411 0001045487 549300426TIVT528ZP40 225 Pictoria Drive, Suite 450 Cincinnati 45246 513-587-3400 JAMES SMALL CAP FUND S000003563 54930078VSHCHGG5AQ06 2024-06-30 2023-09-30 N 34533103.11 80945.18 34452157.93 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0 N Callon Petroleum Company 549300EFOWPEB0WLZW21 Callon Petroleum Company 13123X508 10659.00000000 NS USD 416980.08000000 1.210316290919 Long EC CORP US N 1 N N N Concentrix Corp. 5493000EAJN1KMPVA737 Concentrix Corporation 20602D101 2500.00000000 NS USD 200275.00000000 0.581313369127 Long EC CORP US N 1 N N N Houlihan Lokey Inc. 549300S3CNGTQ1QZVY46 HOULIHAN LOKEY, INC. 441593100 6300.00000000 NS USD 674856.00000000 1.958820696721 Long EC CORP US N 1 N N N Boyd Gaming Corporation 254900787YGRYS2A1Z35 Boyd Gaming Corporation 103304101 3895.00000000 NS USD 236932.85000000 0.687715557560 Long EC CORP US N 1 N N N Nova Ltd 529900B2DSWE5V3SC292 Nova Measuring Instruments Ltd. M7516K103 3000.00000000 NS USD 337320.00000000 0.979096870173 Long EC CORP US N 1 N N N Schnitzer Steel Industries Inc. 549300F62TK8VRDSM285 Schnitzer Steel Industries, Inc. Class A 806882106 13820.00000000 NS USD 384887.00000000 1.117163693438 Long EC CORP US N 1 N N N LPL Financial Holdings Inc. 549300XROQ4Y8G2L7682 LPL Financial Holdings, Inc. 50212V100 1313.00000000 NS USD 312034.45000000 0.905703644555 Long EC CORP US N 1 N N N Marriott Vacations Worldwide Corp 549300WA6BT5H4F7IO94 Marriott Vacations Worldwide Corporation 57164Y107 2670.00000000 NS USD 268682.10000000 0.779870162402 Long EC CORP US N 1 N N N Oxford Industries, Inc. IDZ20O0XD3GS4UOI2L88 Oxford Industries, Inc. 691497309 3040.00000000 NS USD 292235.20000000 0.848234820569 Long EC CORP US N 1 N N N Assured Guaranty Ltd. 549300BBOQUJEPH87M14 Assured Guaranty Ltd. G0585R106 10300.00000000 NS USD 623356.00000000 1.809338042820 Long EC CORP US N 1 N N N Innospec Inc 213800SQBACNY5IWJO68 Innospec, Inc. 45768S105 5286.00000000 NS USD 540229.20000000 1.568056204484 Long EC CORP US N 1 N N N Cleveland-Cliffs Inc 549300TM2WLI2BJMDD86 Cleveland-Cliffs, Inc. 185899101 24575.00000000 NS USD 384107.25000000 1.114900409955 Long EC CORP US N 1 N N N Boise Cascade Co N/A Boise Cascade Company 09739D100 4976.00000000 NS USD 512727.04000000 1.488229100312 Long EC CORP US N 1 N N N Enova International Inc. 549300O8XOCQSB49UO63 Enova International, Inc. 29357K103 17830.00000000 NS USD 907012.10000000 2.632671375310 Long EC CORP US N 1 N N N TD Synnex Corp 5493004HI6PFLF46NS53 SYNNEX Corporation 87162W100 1100.00000000 NS USD 109846.00000000 0.318836341755 Long EC CORP US N 1 N N N Progress Software Corp. 549300R65B3JG6972S24 Progress Software Corporation 743312100 5935.00000000 NS USD 312062.30000000 0.905784481291 Long EC CORP US N 1 N N N American Financial Group, Inc. 549300AFOM7IVKIU1G39 American Financial Group, Inc. 025932104 2630.00000000 NS USD 293692.10000000 0.852463583258 Long EC CORP US N 1 N N N Option Care Health Inc 549300DI3Q5ACSYJRI17 Option Care Helath, Inc. 68404L201 10500.00000000 NS USD 339675.00000000 0.985932436192 Long EC CORP US N 1 N N N Graphic Packaging Holding Company N/A Graphic Packaging Holding Company 388689101 7745.00000000 NS USD 172558.60000000 0.500864417116 Long EC CORP US N 1 N N N Coca-Cola Consolidated Inc 57VG5X0E00X0QJU7CQ58 Coca-Cola Bottling Company Consolidated 191098102 960.00000000 NS USD 610867.20000000 1.773088354120 Long EC CORP US N 1 N N N Hillenbrand, Inc. U246OE781574J2BUD366 Hillenbrand, Inc. 431571108 13136.00000000 NS USD 555784.16000000 1.613205655010 Long EC CORP US N 1 N N N Integer Holdings Corporation 549300SUD2ED5XG6X569 Integer Holdings Corporation 45826H109 4878.00000000 NS USD 382581.54000000 1.110471921025 Long EC CORP US N 1 N N N Super Micro Computer Inc. 54930022CZO1N2UGVW07 Super Micro Computer, Inc. 86800U104 2494.00000000 NS USD 683904.68000000 1.985085176346 Long EC CORP US N 1 N N N Otter Tail Corporation 549300HHVBQRQUVKKD91 Otter Tail Corporation 689648103 5935.00000000 NS USD 450585.20000000 1.307857699118 Long EC CORP US N 1 N N N Idacorp Inc N134NUJDWN8UEFA8B673 IDACORP, Inc. 451107106 3753.00000000 NS USD 351468.45000000 1.020163818806 Long EC CORP US N 1 N N N Warrior Met Coal Inc 549300152B1S9YKBYV79 Warrior Met Coal, Inc 93627C101 13785.00000000 NS USD 704137.80000000 2.043813340896 Long EC CORP US N 1 N N N AMN Healthcare Services Inc 529900W3ARRTCNFH2I39 AMN Healthcare Services, Inc. 001744101 3900.00000000 NS USD 332202.00000000 0.964241487209 Long EC CORP US N 1 N N N Sabra Health Care REIT, Inc. 549300E3BC7GU7TAZ621 Sabra Health Care REIT, Inc. REIT 78573L106 10000.00000000 NS USD 139400.00000000 0.404619067064 Long EC CORP US N 1 N N N Yeti Holdings Inc 549300DSQICIGNT5GO63 Yeti Holdings, Inc. 98585X104 6670.00000000 NS USD 321627.40000000 0.933547909113 Long EC CORP US N 1 N N N Piper Sandler Companies QUQDBTUSOAKFEVMRMF78 Piper Sandler Companies 724078100 6085.00000000 NS USD 884211.35000000 2.566490470049 Long EC CORP US N 1 N N N Dynavax Technologies Corp. 549300T5URIXWDILX594 Dynavax Technologies Corporation 268158201 46770.00000000 NS USD 690792.90000000 2.005078757050 Long EC CORP US N 1 N N N STAG Industrial, Inc. 549300QWYX2W6FASVQ07 STAG Industrial, Inc. 85254J102 6000.00000000 NS USD 207060.00000000 0.601007345956 Long EC CORP US N 1 N N N Terreno Realty Corporation N/A Terreno Realty Corporation 88146M101 4200.00000000 NS USD 238560.00000000 0.692438483780 Long EC CORP US N 1 N N N Matador Resources Company 549300CI3Q2UUK5R4G79 Matador Resources Company 576485205 6600.00000000 NS USD 392568.00000000 1.139458378188 Long EC CORP US N 1 N N N Innoviva Inc 549300ACOX4QTBES6535 Innoviva, Inc. 45781M101 35600.00000000 NS USD 462444.00000000 1.342278765061 Long EC CORP US N 1 N N N First Bancorp Puerto Rico N/A First BanCorporation 318672706 47750.00000000 NS USD 642715.00000000 1.865529007808 Long EC CORP US N 1 N N N Radian Group Inc. 54930005OUP720S5U385 Radian Group, Inc. 750236101 26798.00000000 NS USD 672897.78000000 1.953136814730 Long EC CORP US N 1 N N N LXP Industrial Trust 549300S4MH2ICXDBFV43 LXP Industrial Trust REIT 529043101 58560.00000000 NS USD 521184.00000000 1.512776067783 Long EC CORP US N 1 N N N EZCORP Inc. 5493003K6PG3ZQ7TUQ63 EZCORP, Inc. Class A 302301106 33000.00000000 NS USD 272250.00000000 0.790226262613 Long EC CORP US N 1 N N N Wesco International, Inc. 529900TXOGREY3WNJ434 WESCO International, Inc. 95082P105 3556.00000000 NS USD 511423.92000000 1.484446695731 Long EC CORP US N 1 N N N HRTI LLC 549300CB86LH2IOKHH22 Healthcare Realty Trust, Inc. REIT 42226K105 8000.00000000 NS USD 122160.00000000 0.354578660205 Long EC CORP US N 1 N N N Bancorp Inc N/A Bancorp, Inc. (The) 05969A105 7299.00000000 NS USD 251815.50000000 0.730913577348 Long EC CORP US N 1 N N N Deckers Outdoor Corporation 5493008LG4W3I6K8J118 Deckers Outdoor Corporation 243537107 1888.00000000 NS USD 970601.92000000 2.817245648217 Long EC CORP US N 1 N N N Varex Imaging Corporation 549300CWYWPVCT8E9W67 Varex Imaging Corporation 92214X106 11600.00000000 NS USD 217964.00000000 0.632657032522 Long EC CORP US N 1 N N N Allegiant Travel Company 549300JM9OZXOHWL2K18 Allegiant Travel Company 01748X102 2400.00000000 NS USD 184464.00000000 0.535420743091 Long EC CORP US N 1 N N N Agree Realty Corp N/A Agree Realty Corporation 008492100 6505.00000000 NS USD 359336.20000000 1.043000559587 Long EC CORP US N 1 N N N Patrick Inds Inc 549300FZ5ZTCCJ3Z5W14 Patrick Industries, Inc. 703343103 6190.00000000 NS USD 464621.40000000 1.348598833617 Long EC CORP US N 1 N N N United States Treasury Bills 254900HROIFWPRGM1V77 U.S. Treasury Bill 0.000%, Due 01/25/2024 912796ZY8 1000000.00000000 PA USD 983029.51000000 2.853317670252 Long DBT UST US N 2 2024-01-25 None 0.00000000 N N N N N N Generac Holdings Inc. 529900S2H2AHJHSFFI84 Generac Holdings, Inc. 368736104 4288.00000000 NS USD 467220.48000000 1.356142860337 Long EC CORP US N 1 N N N The Andersons Inc L38MWB8MVRFV7HVJPU11 Andersons, Inc. (The) 034164103 5993.00000000 NS USD 308699.43000000 0.896023496197 Long EC CORP US N 1 N N N Ingles Markets, Incorporated 549300XH5RYBMYP8TF26 Ingles Markets, Inc. Class A 457030104 3455.00000000 NS USD 260265.15000000 0.755439326990 Long EC CORP US N 1 N N N Caseys Gen Stores 549300CAFWSI86V66Q65 Casey's General Stores, Inc. 147528103 699.00000000 NS USD 189792.48000000 0.550887060211 Long EC CORP US N 1 N N N Avnet, Inc. XJI53DCPL7QABOWK4Z75 Avnet, Inc. 053807103 8250.00000000 NS USD 397567.50000000 1.153969805919 Long EC CORP US N 1 N N N Vishay Intertechnology, Inc. 5493009O8F3QQJTCQR75 Vishay Intertechnology, Inc. 928298108 13612.00000000 NS USD 336488.64000000 0.976683784753 Long EC CORP US N 1 N N N SouthState Corporation 549300JZUANXM0YQ4W53 South State Corporation 840441109 5620.00000000 NS USD 378563.20000000 1.098808384569 Long EC CORP US N 1 N N N American Equity Investment Life Holding Company 549300RK5RZQ740FPL83 American Equity Investment Life Holding Company 025676206 9397.00000000 NS USD 504055.08000000 1.463058079044 Long EC CORP US N 1 N N N Encore Wire Corp N/A Encore Wire Corporation 292562105 6285.00000000 NS USD 1146761.10000000 3.328561021721 Long EC CORP US N 1 N N N HF Sinclair Corp. N/A HF Sinclair Corporation 403949100 8907.00000000 NS USD 507075.51000000 1.471825106079 Long EC CORP US N 1 N N N Insight Enterprises Inc. 529900S8991TYW6YP792 Insight Enterprises, Inc. 45765U103 3605.00000000 NS USD 524527.50000000 1.522480829983 Long EC CORP US N 1 N N N FTI Consulting, Inc. 549300K17GM8EQD0FQ48 FTI Consulting, Inc. 302941109 5420.00000000 NS USD 966982.20000000 2.806739136528 Long EC CORP US N 1 N N N Magnolia Oil & Gas Corporation N/A Magnolia Oil & Gas Corporation 559663109 19100.00000000 NS USD 437581.00000000 1.270112022849 Long EC CORP US N 1 N N N Federated Hermes Inc R05X5UQ874RGFF7HHD84 Federated Investors, Inc. Class B 314211103 7149.00000000 NS USD 242136.63000000 0.702819923477 Long EC CORP US N 1 N N N National Healthcare Corporation N/A National Healthcare Corporation 635906100 3545.00000000 NS USD 226809.10000000 0.658330605765 Long EC CORP US N 1 N N N PC Connection Inc. 5299005WPRNIXDV2KM73 PC Connection, Inc. 69318J100 17500.00000000 NS USD 934150.00000000 2.711441187219 Long EC CORP US N 1 N N N Xenia Hotels & Resorts Inc 54930075IWIPHF5IQL62 Xenia Hotel & Resorts, Inc. 984017103 16940.00000000 NS USD 199553.20000000 0.579218289912 Long EC CORP US N 1 N N N MGIC Investment Corp. 254900S8483WM4M98R28 MGIC Investment Corporation 552848103 37900.00000000 NS USD 632551.00000000 1.836027227337 Long EC CORP US N 1 N N N First American Funds Inc. 549300J5J5SJCZ9IA369 First American Treasury Obligations Fund Class X 31846V328 1192413.48000000 PA USD 1192413.48000000 3.461070515300 Long STIV RF US N 1 N N N Winmark Corp. N/A Winmark Corporation 974250102 1921.00000000 NS USD 716782.73000000 2.080516208756 Long EC CORP US N 1 N N N Evercore Inc 529900P6KLPT95DW3W58 Evercore Partners, Inc. Class A 29977A105 6730.00000000 NS USD 927932.40000000 2.693394131901 Long EC CORP US N 1 N N N Portland General Electric Company GJOUP9M7C39GLSK9R870 Portland General Electric Company 736508847 10455.00000000 NS USD 423218.40000000 1.228423487608 Long EC CORP US N 1 N N N Physicians Realty Trust 549300ITOVH0OY7PZC34 Physicians Realty Trust REIT 71943U104 21000.00000000 NS USD 255990.00000000 0.743030380042 Long EC CORP US N 1 N N N Brinker International, Inc. 52990067JY6PBGJNTG76 Brinker International, Inc. 109641100 22182.00000000 NS USD 700729.38000000 2.033920143474 Long EC CORP US N 1 N N N Axos Financial Inc 529900D8M56422GK9O25 AXOS FINANCIAL, INC. 05465C100 6132.00000000 NS USD 232157.52000000 0.673854800247 Long EC CORP US N 1 N N N Corcept Therapeutics Inc. 529900EO9LUTFMZ7FF90 Corcept Therapeutics, Inc. 218352102 18033.00000000 NS USD 491309.09000000 1.426061876873 Long EC CORP US N 1 N N N 2023-11-28 Lesley Ott Lesley Ott Lesley Ott Chief Compliance Officer XXXX NPORT-EX 2 352_20230930.htm SOI

JAMES BALANCED: GOLDEN RAINBOW FUND
SCHEDULE OF INVESTMENTS
September 30, 2023 (Unaudited)

COMMON STOCKS - 46.9%	Shares	Value
Communication Services - 3.3%
Alphabet, Inc. - Class A ^(a)	72,807	$ 9,527,524
Meta Platforms, Inc. - Class A ^(a)	6,372	1,912,938
T-Mobile US, Inc. ^(a)	15,000	2,100,750
		13,541,212
Consumer Discretionary - 5.0%
Amazon.com, Inc. ^(a)	31,310	3,980,127
Capri Holdings Ltd. ^(a)	7,000	368,270
Deckers Outdoor Corporation ^(a)	1,300	668,317
Home Depot, Inc. (The)	16,000	4,834,560
Installed Building Products, Inc.	3,800	474,582
M/I Homes, Inc. ^(a)	20,189	1,696,684
McDonald's Corporation	23,800	6,269,872
Oxford Industries, Inc.	9,000	865,170
TJX Companies, Inc. (The)	15,000	1,333,200
		20,490,782
Consumer Staples - 3.7%
Casey's General Stores, Inc.	2,000	543,040
Nestlé S.A. - ADR	16,300	1,844,671
PepsiCo, Inc.	6,050	1,025,112
Procter & Gamble Company (The)	31,100	4,536,246
Sysco Corporation	35,125	2,320,006
Walmart, Inc.	30,000	4,797,900
		15,066,975
Energy - 2.8%
Chevron Corporation	37,320	6,292,897
ConocoPhillips	11,615	1,391,477
Exxon Mobil Corporation	11,375	1,337,473
Matador Resources Company	8,059	479,349
Pioneer Natural Resources Company	1,821	418,011
Valero Energy Corporation	10,032	1,421,635
		11,340,842
Financials - 5.5%
Arthur J. Gallagher & Company	12,488	2,846,390
Bancorp, Inc. (The) ^(a)	22,100	762,450
Berkshire Hathaway, Inc. - Class B ^(a)	7,007	2,454,552

JAMES BALANCED: GOLDEN RAINBOW FUND
SCHEDULE OF INVESTMENTS (Continued)

COMMON STOCKS - 46.9% (Continued)	Shares	Value
Financials - 5.5% (Continued)
BlackRock, Inc.	2,519	$ 1,628,508
Charles Schwab Corporation (The)	17,985	987,377
Enova International, Inc. ^(a)	63,000	3,204,810
Goldman Sachs Group, Inc. (The)	4,115	1,331,491
JPMorgan Chase & Company	30,926	4,484,889
LPL Financial Holdings, Inc.	10,000	2,376,499
MGIC Investment Corporation	13,819	230,639
Nelnet, Inc. - Class A	17,630	1,574,712
Regions Financial Corporation	50,350	866,020
		22,748,337
Health Care - 7.1%
Abbott Laboratories	19,650	1,903,103
AbbVie, Inc.	14,792	2,204,896
AstraZeneca plc - ADR	60,273	4,081,688
Danaher Corporation	9,000	2,232,900
Elevance Health, Inc.	3,467	1,509,601
Eli Lilly & Company	11,332	6,086,756
Johnson & Johnson	14,030	2,185,173
Pfizer, Inc.	23,967	794,985
Thermo Fisher Scientific, Inc.	6,000	3,037,020
UnitedHealth Group, Inc.	10,339	5,212,820
		29,248,942
Industrials - 4.4%
ABB Ltd. - ADR	31,656	1,126,637
Caterpillar, Inc.	10,762	2,938,026
Deere & Company	8,500	3,207,730
Eaton Corporation plc	19,768	4,216,119
Encore Wire Corporation	3,330	607,592
Generac Holdings, Inc. ^(a)	2,492	271,528
Lockheed Martin Corporation	2,220	907,891
Northrop Grumman Corporation	2,740	1,206,121
Union Pacific Corporation	8,562	1,743,480
United Rentals, Inc.	4,000	1,778,280
		18,003,404
Information Technology - 12.0%
Accenture plc - Class A	7,000	2,149,770

JAMES BALANCED: GOLDEN RAINBOW FUND
SCHEDULE OF INVESTMENTS (Continued)

COMMON STOCKS - 46.9% (Continued)	Shares	Value
Information Technology - 12.0% (Continued)
Apple, Inc.	54,000	$ 9,245,340
ASML Holding N.V.	2,740	1,612,928
Broadcom, Inc.	2,134	1,772,458
Cisco Systems, Inc.	23,171	1,245,673
Insight Enterprises, Inc. ^(a)	25,000	3,637,500
Jabil, Inc.	26,500	3,362,585
Mastercard, Inc. - Class A	9,000	3,563,190
Microsoft Corporation	44,954	14,194,225
Nova Ltd. ^(a)	22,432	2,522,254
NVIDIA Corporation	13,946	6,066,371
		49,372,294
Materials - 0.6%
Avery Dennison Corporation	8,000	1,461,360
Linde plc	1,757	654,219
Nucor Corporation	3,698	578,182
		2,693,761
Real Estate - 0.9%
American Tower Corporation	5,050	830,473
CBRE Group, Inc. - Class A ^(a)	14,100	1,041,426
Prologis, Inc.	16,000	1,795,360
		3,667,259
Utilities - 1.6%
Ameren Corporation	10,422	779,878
American Electric Power Company, Inc.	25,700	1,933,154
Iberdrola S.A. - ADR	20,100	899,274
NextEra Energy, Inc.	19,600	1,122,884
Sempra	26,800	1,823,204
		6,558,394

Total Common Stocks (Cost $127,766,073)		$ 192,732,202


EXCHANGE-TRADED FUNDS - 5.4%	Shares	Value
Consumer Discretionary Select Sector SPDR® Fund	17,300	$ 2,784,954
Invesco S&P SmallCap 600 Revenue ETF	90,000	3,277,800
iShares Gold Trust ^(a)	209,455	7,328,830

JAMES BALANCED: GOLDEN RAINBOW FUND
SCHEDULE OF INVESTMENTS (Continued)

EXCHANGE-TRADED FUNDS - 5.4% (Continued)	Shares	Value
iShares MSCI EAFE ETF	28,050	$ 1,933,206
iShares Russell 2000 ETF	30,000	5,302,200
Technology Select Sector SPDR® Fund	9,000	1,475,370
Total Exchange-Traded Funds (Cost $19,301,932)		$ 22,102,360


CORPORATE BONDS - 7.5%	Par Value	Value
Communication Services - 0.2%
AT&T, Inc., 2.950%, due 07/15/26	$ 1,000,000	$ 929,019

Consumer Discretionary - 0.2%
Ross Stores, Inc., 4.700%, due 04/15/27	1,000,000	962,030

Consumer Staples - 0.5%
Walmart, Inc., 5.250%, due 09/01/35	2,000,000	2,003,213

Energy - 0.2%
BP Capital Markets America, Inc., 4.234%, due 11/06/28	1,000,000	950,861

Financials - 2.7%
Bank of America Corporation,
1.250%, due 09/24/26	2,000,000	1,728,973
5.000%, due 06/22/27	1,000,000	953,567
Bank of Montreal, 2.000%, due 12/22/26	2,500,000	2,177,615
Citigroup Global Markets Holdings, Inc., 3.000%, due 03/28/24	2,500,000	2,463,864
Citigroup, Inc., 3.875%, due 03/26/25	2,000,000	1,932,065
Goldman Sachs Group, Inc. (The), 3.500%, due 04/01/25	1,000,000	962,871
Royal Bank of Canada, 5.500%, due 02/14/25	1,000,000	996,208
		11,215,163
Health Care - 1.0%
Johnson & Johnson, 1.300%, due 09/01/30	5,000,000	3,931,532

Industrials - 0.3%
Caterpillar, Inc., 8.250%, due 12/15/38	1,000,000	1,237,997

JAMES BALANCED: GOLDEN RAINBOW FUND
SCHEDULE OF INVESTMENTS (Continued)

CORPORATE BONDS - 7.5% (Continued)	Par Value	Value
Information Technology - 2.4%
Apple, Inc., 2.050%, due 09/11/26	$ 2,500,000	$ 2,297,307
Automatic Data Processing, Inc., 1.250%, due 09/01/30	2,000,000	1,543,752
Intel Corporation, 2.875%, due 05/11/24	5,000,000	4,913,663
PayPal Holdings, Inc., 2.650%, due 10/01/26	1,000,000	922,282
		9,677,004

Total Corporate Bonds (Cost $33,898,155)		$ 30,906,819


MORTGAGE-BACKED SECURITIES - 3.0%	Par Value	Value
Federal National Mortgage Association - 3.0%
3.500%, due 09/01/33	$ 3,112,225	$ 2,866,840
3.500%, due 05/25/47	273,374	250,952
2.500%, due 01/01/57	11,492,929	9,127,817
Total Mortgage-Backed Securities (Cost $14,494,251)		$ 12,245,609


MUNICIPAL BONDS - 1.6%	Par Value	Value
Ohio - 1.6%
Beavercreek Ohio City School District,
3.250%, due 12/01/36 (Cost $7,408,314)	$ 7,450,000	$ 6,413,339


U.S. GOVERNMENT & AGENCIES - 5.5%	Par Value	Value
Federal Farm Credit Bank - 1.8%
0.670%, due 08/04/25	$ 2,000,000	$ 1,838,328
2.750%, due 11/06/26	5,725,000	5,376,358
		7,214,686

JAMES BALANCED: GOLDEN RAINBOW FUND
SCHEDULE OF INVESTMENTS (Continued)

U.S. GOVERNMENT & AGENCIES - 5.5% (Continued)	Par Value	Value
Federal Home Loan Bank - 3.0%
3.650%, due 07/19/24	$ 1,000,000	$ 984,653
3.000%, due 12/30/24	1,000,000	970,844
3.125%, due 04/29/25	2,500,000	2,412,316
4.050%, due 07/28/25	2,000,000	1,950,867
0.580%, due 09/11/25	2,000,000	1,828,156
1.020%, due 09/17/26	2,500,000	2,221,334
0.850%, due 10/15/27	2,500,000	2,119,814
		12,487,984
Federal Home Loan Mortgage Corporation - 0.7%
3.125%, due 06/28/24	2,000,000	1,963,931
5.750%, due 03/20/26	1,000,000	992,654
		2,956,585

Total U.S. Government & Agencies (Cost $24,210,028)		$ 22,659,255


U.S. TREASURY OBLIGATIONS - 28.2%	Par Value	Value
U.S. Treasury Bills ^(b) - 3.1%
5.335%, due 10/05/23	$ 2,000,000	$ 1,999,122
5.347%, due 10/24/23	3,000,000	2,990,327
5.429%, due 12/28/23	7,000,000	6,910,003
5.445%, due 09/05/24	1,000,000	951,160
		12,850,612
U.S. Treasury Bonds - 3.5%
3.125%, due 05/15/48	19,000,000	14,227,734

U.S. Treasury Notes - 21.6%
0.250%, due 03/15/24	15,000,000	14,657,813
2.000%, due 06/30/24	2,000,000	1,949,141
4.500%, due 11/30/24	30,000,000	29,698,828
2.375%, due 05/15/27	15,000,000	13,832,813

JAMES BALANCED: GOLDEN RAINBOW FUND
SCHEDULE OF INVESTMENTS (Continued)

U.S. TREASURY OBLIGATIONS - 28.2% (Continued)	Par Value	Value
U.S. Treasury Notes - 21.6% (Continued)
3.125%, due 11/15/28	$ 30,000,000	$ 27,933,984
4.125%, due 11/15/32	1,000,000	964,453
		89,037,032

Total U.S. Treasury Obligations (Cost $121,960,570)		$ 116,115,378


MONEY MARKET FUNDS - 1.6%	Shares	Value
First American Treasury Obligations Fund - Class X, 5.26% ^(c)(Cost $6,782,281)	6,782,281	$ 6,782,281

Total Investments at Value - 99.7% (Cost $355,821,604)		$ 409,957,243

Other Assets in Excess of Liabilities - 0.3%		1,205,756

Net Assets - 100.0%		$ 411,162,999

^(a)	Non-income producing security.
^(b)	The rate shown is the annualized yield at time of purchase.
^(c)	The rate shown is the 7-day effective yield as of September 30, 2023.

ADR	- American Depositary Receipt.

JAMES SMALL CAP FUND
SCHEDULE OF INVESTMENTS
September 30, 2023 (Unaudited)

COMMON STOCKS - 93.8%	Shares	Value
Consumer Discretionary - 11.5%
Boyd Gaming Corporation	3,895	$ 236,933
Brinker International, Inc. ^(a)	22,182	700,729
Deckers Outdoor Corporation ^(a)	1,888	970,603
Marriott Vacations Worldwide Corporation	2,670	268,682
Oxford Industries, Inc.	3,040	292,235
Patrick Industries, Inc.	6,190	464,621
Winmark Corporation	1,921	716,783
YETI Holdings, Inc. ^(a)	6,670	321,627
		3,972,213
Consumer Staples - 4.0%
Andersons, Inc. (The)	5,993	308,700
Casey's General Stores, Inc.	699	189,792
Coca-Cola Consolidated, Inc.	960	610,867
Ingles Markets, Inc. - Class A	3,455	260,265
		1,369,624
Energy - 5.1%
Callon Petroleum Company ^(a)	10,659	416,980
HF Sinclair Corporation	8,907	507,076
Magnolia Oil & Gas Corporation - Class A	19,100	437,581
Matador Resources Company	6,600	392,568
		1,754,205
Financials - 24.5%
American Equity Investment Life Holding Company	9,397	504,055
American Financial Group, Inc.	2,630	293,692
Assured Guaranty Ltd.	10,300	623,356
Axos Financial, Inc. ^(a)	6,132	232,158
Bancorp, Inc. (The) ^(a)	7,299	251,816
Enova International, Inc. ^(a)	17,830	907,012
Evercore, Inc. - Class A	6,730	927,932
EZCORP, Inc. - Class A ^(a)	33,000	272,250
Federated Hermes, Inc.	7,149	242,137
First BanCorp	47,750	642,714
Houlihan Lokey, Inc.	6,300	674,856
LPL Financial Holdings, Inc.	1,313	312,034
MGIC Investment Corporation	37,900	632,551

JAMES SMALL CAP FUND
SCHEDULE OF INVESTMENTS (Continued)

COMMON STOCKS - 93.8% (Continued)	Shares	Value
Financials - 24.5% (Continued)
Piper Sandler Companies	6,085	$ 884,211
Radian Group, Inc.	26,798	672,898
SouthState Corporation	5,620	378,563
		8,452,235
Health Care - 9.1%
AMN Healthcare Services, Inc. ^(a)	3,900	332,202
Corcept Therapeutics, Inc. ^(a)	18,033	491,309
Dynavax Technologies Corporation ^(a)	46,770	690,793
Innoviva, Inc. ^(a)	35,600	462,444
Integer Holdings Corporation ^(a)	4,878	382,582
National HealthCare Corporation	3,545	226,809
Option Care Health, Inc. ^(a)	10,500	339,675
Varex Imaging Corporation ^(a)	11,600	217,964
		3,143,778
Industrials - 12.6%
Allegiant Travel Company	2,400	184,464
Boise Cascade Company	4,976	512,727
Encore Wire Corporation	6,285	1,146,762
FTI Consulting, Inc. ^(a)	5,420	966,982
Generac Holdings, Inc. ^(a)	4,288	467,220
Hillenbrand, Inc.	13,136	555,784
WESCO International, Inc.	3,556	511,424
		4,345,363
Information Technology - 11.1%
Avnet, Inc.	8,250	397,568
Concentrix Corporation	2,500	200,275
Insight Enterprises, Inc. ^(a)	3,605	524,528
Nova Ltd. ^(a)	3,000	337,320
PC Connection, Inc.	17,500	934,149
Progress Software Corporation	5,935	312,062
Super Micro Computer, Inc. ^(a)	2,494	683,905
TD SYNNEX Corporation	1,100	109,846
Vishay Intertechnology, Inc.	13,612	336,489
		3,836,142
Materials - 6.4%
Cleveland-Cliffs, Inc. ^(a)	24,575	384,107

JAMES SMALL CAP FUND
SCHEDULE OF INVESTMENTS (Continued)

COMMON STOCKS - 93.8% (Continued)	Shares	Value
Materials - 6.4% (Continued)
Graphic Packaging Holding Company	7,745	$ 172,559
Innospec, Inc.	5,286	540,229
Schnitzer Steel Industries, Inc. - Class A	13,820	384,887
Warrior Met Coal, Inc	13,785	704,138
		2,185,920
Real Estate - 5.9%
Agree Realty Corporation	6,505	359,336
Healthcare Realty Trust, Inc.	8,000	122,160
LXP Industrial Trust	58,560	521,184
Physicians Realty Trust	21,000	255,990
Sabra Health Care REIT, Inc.	10,000	139,400
STAG Industrial, Inc.	6,000	207,060
Terreno Realty Corporation	4,200	238,560
Xenia Hotel & Resorts, Inc.	16,940	199,553
		2,043,243
Utilities - 3.6%
IDACORP, Inc.	3,753	351,468
Otter Tail Corporation	5,935	450,586
Portland General Electric Company	10,455	423,218
		1,225,272

Total Common Stocks (Cost $23,332,630)		$ 32,327,995


U.S. TREASURY OBLIGATIONS - 2.9%	Par Value	Value
U.S. Treasury Bills ^(b) - 2.9%
5.444%, due 01/25/24 (Cost $983,138)	$ 1,000,000	$ 983,030

JAMES SMALL CAP FUND
SCHEDULE OF INVESTMENTS (Continued)

MONEY MARKET FUNDS - 3.5%	Shares	Value
First American Treasury Obligations Fund - Class X, 5.26% ^(c) (Cost $1,192,413)	1,192,413	$ 1,192,413

Total Investments at Value - 100.2% (Cost $25,508,181)		$ 34,503,438

Liabilities in Excess of Other Assets - (0.2%)		(51,280 )

Net Assets - 100.0%		$ 34,452,158

^(a)	Non-income producing security.
^(b)	The rate shown is the annualized yield at time of purchase.
^(c)	The rate shown is the 7-day effective yield as of September 30, 2023.

JAMES MICRO CAP FUND
SCHEDULE OF INVESTMENTS
September 30, 2023 (Unaudited)

COMMON STOCKS - 94.9%	Shares	Value
Consumer Discretionary - 10.4%
Century Communities, Inc.	4,662	$ 311,328
Haverty Furniture Companies, Inc.	21,134	608,237
M/I Homes, Inc. ^(a)	4,742	398,518
MarineMax, Inc. ^(a)	5,750	188,715
Patrick Industries, Inc.	4,044	303,542
Shoe Carnival, Inc.	12,950	311,189
Standard Motor Products, Inc.	5,625	189,113
Zumiez, Inc. ^(a)	4,568	81,310
		2,391,952
Consumer Staples - 5.8%
Central Garden & Pet Company - Class A ^(a)	13,108	525,500
Ingles Markets, Inc. - Class A	10,714	807,085
		1,332,585
Energy - 6.3%
Civitas Resources, Inc.	7,254	586,631
Dorian LPG Ltd.	19,032	546,789
Vital Energy, Inc. ^(a)	5,814	322,212
		1,455,632
Financials - 26.1%
Bancorp, Inc. (The) ^(a)	6,900	238,050
Donnelley Financial Solutions, Inc. ^(a)	20,288	1,141,809
Enova International, Inc. ^(a)	17,016	865,604
Federal Agricultural Mortgage Corporation - Class C	6,912	1,066,521
Merchants Bancorp	25,704	712,515
Nelnet, Inc. - Class A	5,646	504,301
OFG Bancorp	25,456	760,116
Piper Sandler Companies	4,960	720,738
		6,009,654
Health Care - 9.4%
Cross Country Healthcare, Inc. ^(a)	4,213	104,440
Eagle Pharmaceuticals, Inc. ^(a)	1,650	26,021
Innoviva, Inc. ^(a)	40,082	520,665
Integer Holdings Corporation ^(a)	6,396	501,639
iRadmed Corporation	2,400	106,488
iTeos Therapeutics, Inc. ^(a)	3,964	43,406

JAMES MICRO CAP FUND
SCHEDULE OF INVESTMENTS (Continued)

COMMON STOCKS - 94.9% (Continued)	Shares	Value
Health Care - 9.4% (Continued)
Kiniksa Pharmaceuticals Ltd. - Class A ^(a)	6,909	$ 120,009
Selecta Biosciences, Inc. ^(a)	94,737	100,421
SIGA Technologies, Inc.	52,400	275,100
Utah Medical Products, Inc.	4,200	361,200
		2,159,389
Industrials - 12.7%
ACCO Brands Corporation	74,997	430,483
ArcBest Corporation	5,285	537,220
Boise Cascade Company	2,500	257,600
CRA International, Inc.	3,384	340,972
Genco Shipping & Trading Ltd.	8,000	111,920
Heidrick & Struggles International, Inc.	3,400	85,068
Heritage-Crystal Clean, Inc. ^(a)	5,000	226,750
Insteel Industries, Inc.	3,500	113,610
Kforce, Inc.	2,400	143,184
Shyft Group, Inc. (The)	6,336	94,850
Transcat, Inc. ^(a)	2,200	215,534
V2X, Inc. ^(a)	6,950	359,037
		2,916,228
Information Technology - 16.2%
Cohu, Inc. ^(a)	8,022	276,278
ePlus, Inc. ^(a)	4,600	292,192
Insight Enterprises, Inc. ^(a)	5,663	823,966
Nova Ltd. ^(a)	9,143	1,028,038
PC Connection, Inc.	12,184	650,382
Photronics, Inc. ^(a)	22,198	448,622
Vishay Precision Group, Inc. ^(a)	6,384	214,375
		3,733,853
Materials - 5.8%
Innospec, Inc.	4,000	408,800
Schnitzer Steel Industries, Inc. - Class A	18,045	502,553
United States Lime & Minerals, Inc.	2,070	416,070
		1,327,423
Real Estate - 1.5%
PotlatchDeltic Corporation	7,517	341,197

JAMES MICRO CAP FUND
SCHEDULE OF INVESTMENTS (Continued)

COMMON STOCKS - 94.9% (Continued)	Shares	Value
Utilities - 0.7%
Clearway Energy, Inc. - Class C	7,332	$ 155,145

Total Common Stocks (Cost $14,229,729)		$ 21,823,058


U.S. TREASURY OBLIGATIONS - 3.8%	Par Value	Value
U.S. Treasury Bills ^(b) - 3.8%
5.069%, due 01/25/24 (Cost $886,150)	$ 900,000	$ 884,757


MONEY MARKET FUNDS - 1.4%	Shares	Value
First American Treasury Obligations Fund - Class X, 5.26% ^(c) (Cost $310,490)	310,490	$ 310,490

Total Investments at Value - 100.1% (Cost $15,426,369)		$ 23,018,305

Liabilities in Excess of Other Assets - (0.1%)		(20,275 )

Net Assets - 100.0%		$ 22,998,030

^(a)	Non-income producing security.
^(b)	The rate shown is the annualized yield at time of purchase.
^(c)	The rate shown is the 7-day effective yield as of September 30, 2023.

JAMES AGGRESSIVE ALLOCATION FUND
SCHEDULE OF INVESTMENTS
September 30, 2023 (Unaudited)

COMMON STOCKS - 76.0%	Shares	Value
Communication Services - 8.4%
Alphabet, Inc. - Class A ^(a)	4,750	$ 621,585
Comcast Corporation - Class A	6,645	294,639
Meta Platforms, Inc. - Class A ^(a)	1,300	390,273
T-Mobile US, Inc. ^(a)	2,300	322,115
		1,628,612
Consumer Discretionary - 6.5%
Best Buy Company, Inc.	1,815	126,088
Deckers Outdoor Corporation ^(a)	590	303,313
Home Depot, Inc. (The)	700	211,512
M/I Homes, Inc. ^(a)	1,250	105,050
McDonald's Corporation	1,000	263,440
Tractor Supply Company	1,205	244,675
		1,254,078
Consumer Staples - 3.7%
PepsiCo, Inc.	1,100	186,384
Procter & Gamble Company (The)	1,700	247,962
Walmart, Inc.	1,700	271,881
		706,227
Energy - 4.7%
Cheniere Energy, Inc.	845	140,236
Chevron Corporation	2,000	337,240
Matador Resources Company	5,000	297,400
Valero Energy Corporation	1,000	141,710
		916,586
Financials - 8.8%
Bancorp, Inc. (The) ^(a)	4,400	151,800
BlackRock, Inc.	500	323,245
Charles Schwab Corporation (The)	1,500	82,350
Enova International, Inc. ^(a)	8,485	431,632
Goldman Sachs Group, Inc. (The)	855	276,652
JPMorgan Chase & Company	2,000	290,040
Primerica, Inc.	800	155,208
		1,710,927
Health Care - 10.9%
Abbott Laboratories	2,625	254,231

JAMES AGGRESSIVE ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Continued)

COMMON STOCKS - 76.0% (Continued)	Shares	Value
Health Care - 10.9% (Continued)
AbbVie, Inc.	1,250	$ 186,325
AstraZeneca plc - ADR	4,000	270,880
Danaher Corporation	825	204,683
Eli Lilly & Company	600	322,278
Johnson & Johnson	1,295	201,696
Novo Nordisk A/S - ADR	1,050	95,487
UnitedHealth Group, Inc.	610	307,556
Zoetis, Inc.	1,595	277,498
		2,120,634
Industrials - 5.7%
ABB Ltd. - ADR	3,500	124,565
Caterpillar, Inc.	800	218,400
Deere & Company	435	164,160
Eaton Corporation plc	1,175	250,604
Lockheed Martin Corporation	415	169,718
Union Pacific Corporation	850	173,086
		1,100,533
Information Technology - 20.1%
Accenture plc - Class A	465	142,806
Apple, Inc.	3,400	582,114
ASML Holding N.V.	550	323,763
Broadcom, Inc.	300	249,174
Cadence Design Systems, Inc. ^(a)	2,000	468,600
Cisco Systems, Inc.	1,500	80,640
Jabil, Inc.	1,800	228,402
Mastercard, Inc. - Class A	735	290,994
Microsoft Corporation	1,730	546,248
Nova Ltd. ^(a)	2,515	282,787
NVIDIA Corporation	1,600	695,984
		3,891,512
Materials - 2.5%
CF Industries Holdings, Inc.	500	42,870
James Hardie Industries plc - ADR ^(a)	6,800	178,432
Linde plc	400	148,940
Nucor Corporation	700	109,445
		479,687

JAMES AGGRESSIVE ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Continued)

COMMON STOCKS - 76.0% (Continued)	Shares	Value
Real Estate - 2.6%
Digital Realty Trust, Inc.	1,500	$ 181,530
Prologis, Inc.	2,905	325,970
		507,500
Utilities - 2.1%
American Water Works Company, Inc.	750	92,873
Iberdrola S.A. - ADR	2,000	89,480
NextEra Energy, Inc.	2,380	136,349
Sempra	1,220	82,997
		401,699

Total Common Stocks (Cost $11,262,186)		$ 14,717,995


CORPORATE BONDS - 6.2%	Par Value	Value
Consumer Discretionary - 2.1%
Starbucks Corporation, 2.550%, due 11/15/30	$ 500,000	$ 410,557

Financials - 2.1%
Bank of Montreal, 2.000%, due 12/22/26	200,000	174,209
Citigroup, Inc., 3.875%, due 03/26/25	250,000	241,508
		415,717
Health Care - 1.2%
AstraZeneca plc, 0.700%, due 04/08/26	250,000	223,151

Information Technology - 0.8%
Automatic Data Processing, Inc., 1.250%, due 09/01/30	200,000	154,375

Total Corporate Bonds (Cost $1,403,088)		$ 1,203,800


U.S. GOVERNMENT & AGENCIES - 6.5%	Par Value	Value
Federal Farm Credit Bank - 2.4%
0.670%, due 08/04/25	$ 500,000	$ 459,583

JAMES AGGRESSIVE ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Continued)

U.S. GOVERNMENT & AGENCIES - 6.5% (Continued)	Par Value	Value
Federal Home Loan Bank - 0.5%
3.650%, due 07/19/24	$ 100,000	$ 98,465

Federal Home Loan Mortgage Corporation - 1.3%
3.125%, due 06/28/24	250,000	245,491

Federal National Mortgage Association - 2.3%
0.560%, due 10/22/25	500,000	454,687

Total U.S. Government & Agencies (Cost $1,350,000)		$ 1,258,226


U.S. TREASURY OBLIGATIONS - 10.7%	Par Value	Value
U.S. Treasury Bills ^(b) - 2.3%
5.356%, due 10/24/23	$ 100,000	$ 99,678
5.387%, due 12/28/23	100,000	98,714
5.385%, due 08/08/24	250,000	238,766
		437,158
U.S. Treasury Bonds - 2.8%
3.000%, due 08/15/48	750,000	548,262

U.S. Treasury Notes - 5.6%
0.250%, due 03/15/24	500,000	488,593
1.125%, due 02/28/25	400,000	377,563
2.625%, due 02/15/29	250,000	226,152
		1,092,308

Total U.S. Treasury Obligations (Cost $2,248,707)		$ 2,077,728

JAMES AGGRESSIVE ALLOCATION FUND
SCHEDULE OF INVESTMENTS (Continued)

MONEY MARKET FUNDS - 0.6%	Shares	Value
First American Treasury Obligations Fund - Class X, 5.26% ^(c) (Cost $115,771)	115,771	$ 115,771

Total Investments at Value - 100.0% (Cost $16,379,752)		$ 19,373,520

Other Assets in Excess of Liabilities - 0.0% ^(d)		3,125

Net Assets - 100.0%		$ 19,376,645

^(a)	Non-income producing security.
^(b)	The rate shown is the annualized yield at time of purchase.
^(c)	The rate shown is the 7-day effective yield as of September 30, 2023.
^(d)	Percentage rounds to less than 0.1%.

ADR

- American Depositary Receipt.