Verity U.S. Treasury Fund
Schedule of Investments
December 31, 2025 (Unaudited)
U.S. GOVERNMENT NOTES/BONDS - 83.0%	Par			Value
United States Treasury Notes/Bonds
2.38%, 04/30/2026		$	15,000,000	$	14,945,144
2.50%, 03/31/2027			11,000,000		10,865,723
2.75%, 07/31/2027			13,861,000		13,706,417
2.88%, 05/15/2028			12,000,000		11,830,781
2.88%, 08/15/2028			13,700,000		13,482,191
2.75%, 05/31/2029			3,600,000		3,504,024
4.38%, 11/30/2030			5,050,000		5,195,977
3.88%, 08/15/2034			2,500,000		2,462,061
TOTAL U.S. GOVERNMENT NOTES/BONDS (Cost $75,520,127)					75,992,318
SHORT-TERM INVESTMENTS – 16.4%	Shares
Money Market Funds
First American Treasury Obligations Fund - Class X, 3.68% (a)			15,078,715		15,078,715
TOTAL SHORT-TERM INVESTMENTS (Cost $15,078,715)					15,078,715
TOTAL INVESTMENTS - 99.4% (Cost $90,598,842)					91,071,033
Other Assets in Excess of Liabilities - 0.6%					508,834
TOTAL NET ASSETS - 100.0%				$	91,579,867
Percentages are stated as a percent of net assets.

(a) The rate shown represents the 7-day annualized yield as of December 31, 2025.

Summary of Fair Value Disclosure as of December 31, 2025 (Unaudited)

Verity U.S. Treasury Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund’s securities as of December 31, 2025:

	Level 1		Level 2		Level 3		Total
Investments:
U.S. Government Notes/Bonds	$	–	$	75,992,318	$	–	$	75,992,318
Money Market Funds		15,078,715		–		–		15,078,715
Total Investments	$	15,078,715	$	75,992,318	$	–	$	91,071,033
As of the period ended December 31, 2025, the Fund did not hold any Level 3 securities, nor were there any transfers into or out of Level 3. Refer to the Schedule of Investments for further disaggregation of investment categories.