Oakhurst Fixed Income Fund
Schedule of Investments
November 30, 2024 (Unaudited)
U.S. TREASURY SECURITIES - 28.9%	Par		Value
United States Treasury Note/Bond
5.25%, 02/15/2029		3,000,000		$	3,143,203
4.13%, 07/31/2031		2,914,000			2,912,976
3.63%, 09/30/2031		1,328,000			1,288,368
2.75%, 08/15/2032		2,500,000			2,269,580
4.13%, 11/15/2032		4,330,000			4,324,672
3.50%, 02/15/2033		4,800,000			4,578,187
3.88%, 08/15/2033		5,348,000			5,228,401
4.50%, 11/15/2033		3,337,000			3,414,298
4.00%, 02/15/2034		1,775,000			1,748,652
4.38%, 05/15/2034		2,275,000			2,306,459
3.00%, 05/15/2042		4,699,000			3,873,004
2.50%, 02/15/2045		4,323,000			3,166,091
TOTAL U.S. TREASURY SECURITIES (Cost $40,303,104)					38,253,891
CORPORATE BONDS - 21.1%	Par		Value
Communications - 0.7%
Discovery Communications LLC, 5.00%, 09/20/2037		1,025,000			900,302
Consumer Discretionary - 0.7%
Fortune Brands Innovations, Inc., 5.88%, 06/01/2033		900,000			941,295
Consumer Staples - 0.4%
BAT Capital Corp., 7.08%, 08/02/2053		467,000			536,022
Energy - 2.2%
El Paso Natural Gas Co. LLC, 8.38%, 06/15/2032		823,000			987,599
Enbridge, Inc., 5.70%, 03/08/2033		904,000			938,102
Phillips 66 Partners LP
3.55%, 10/01/2026		565,000			541,217
3.75%, 03/01/2028		515,000			490,462
					2,957,380
Financials - 10.0%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 3.30%, 01/30/2032		1,075,000			954,182
American Homes 4 Rent LP, 5.50%, 02/01/2034		970,000			987,573
Antares Holdings LP, 7.95%, 08/11/2028 (a)		800,000			839,686
Aviation Capital Group LLC, 6.38%, 07/15/2030 (a)		900,000			954,096
Bank of America Corp., 5.29% to 04/25/2033 then SOFR + 1.91%, 04/25/2034		905,000			919,350
Blackstone Private Credit Fund, 3.25%, 03/15/2027		1,033,000			987,476
Blue Owl Capital Corp., 2.63%, 01/15/2027		1,054,000			993,020
Bridge Housing Corp., 3.25%, 07/15/2030		1,045,000			911,291
Crown Castle, Inc., 5.10%, 05/01/2033		968,000			965,646
Fairfax Financial Holdings Ltd., 7.75%, 07/15/2037		877,000			1,035,649
First Citizens BancShares, Inc./NC, 3.38% to 03/15/2025 then 3 mo. Term SOFR + 2.47%, 03/15/2030		1,012,000			1,003,979
FS KKR Capital Corp., 6.88%, 08/15/2029		950,000			989,277
Icahn Enterprises LP / Icahn Enterprises Finance Corp., 4.38%, 02/01/2029		750,000			648,371
Jackson Financial, Inc., 3.13%, 11/23/2031		1,100,000			956,071
					13,145,667
Health Care - 2.6%
Bristol-Myers Squibb Co., 5.88%, 11/15/2036		907,000			978,603
CVS Pass-Through Trust Series 2009, 8.35%, 07/10/2031 (a)		442,776			475,888
CVS Pass-Through Trust Series 2013, Series 2013, 4.70%, 01/10/2036 (a)		563,844			528,661
CVS Pass-Through Trust Series 2014, 4.16%, 08/11/2036 (a)		613,166			545,783
Quest Diagnostics, Inc., 6.40%, 11/30/2033		880,000			962,524
					3,491,459
Technology - 2.1%
Applied Materials, Inc., 5.85%, 06/15/2041		867,000			932,638
Hewlett Packard Enterprise Co., 6.20%, 10/15/2035		857,000			920,408
Leidos Holdings, Inc., 5.95%, 12/01/2040		945,000			948,642
					2,801,688
Utilities - 2.4%
Berkshire Hathaway Energy Co., 6.50%, 09/15/2037		858,000			956,357
Elwood Energy LLC, 8.16%, 07/05/2026		241,313			229,247
National Rural Utilities Cooperative Finance Corp., 8.00%, 03/01/2032		805,000			959,990
Potomac Electric Power Co., 7.90%, 12/15/2038		780,000			995,331
					3,140,925
TOTAL CORPORATE BONDS (Cost $27,942,417)					27,914,738
COLLATERALIZED MORTGAGE OBLIGATIONS - 20.3%	Par		Value
ABN Amro Mortgage Corp., Series 2003-12, Class 1A, 5.00%, 12/25/2033		84,309			82,348
Banc of America Mortgage Securities, Inc.
Series 2003-J, Class 2A1, 5.83%, 11/25/2033 (b)		221,337			201,381
Series 2004-A, Class 3A1, 6.37%, 02/25/2034 (b)		11,520			11,631
Bear Stearns Alt-A Trust, Series 2003-6, Class 2A1, 6.00%, 01/25/2034 (b)		142,185			130,628
Countrywide Home Loan Mortgage Pass Through Trust, Series 2003-49, Class A9, 6.21%, 12/19/2033 (b)		30,626			29,336
Credit Suisse Management LLC, Series 2002-AR31, Class 4A2, 7.64%, 11/25/2032 (b)		33,897			33,817
Credit Suisse Mortgage Capital Certificates, Series 2013-IVR1, Class A2, 3.00%, 03/25/2043 (a)(b)		310,196			278,527
Fannie Mae Whole Loan, Series 2004-W3, Class A7, 5.50%, 05/25/2034		310,908			315,390
Federal Home Loan Mortgage Corp.
Series 2569, Class LD, 5.50%, 02/15/2033		25,576			26,144
Series 3622, Class WA, 5.50%, 09/15/2039		127,764			131,008
Series 3793, Class UA, 4.00%, 06/15/2033		25,314			24,541
Series 3827, Class HA, 3.50%, 11/15/2025		14,856			14,752
Series 3940, Class PD, 2.50%, 02/15/2041		68,372			66,513
Series 4077, Class AP, 4.00%, 01/15/2042		27,901			27,346
Series 4183, Class PA, 3.50%, 01/15/2043		14,832			14,720
Series 4753, Class JA, 3.00%, 12/15/2047		932,523			840,559
Series 4760, Class A, 3.00%, 02/15/2048		564,495			529,498
Series 4960, Class PD, 2.00%, 10/25/2049		631,363			524,786
Series 5145, Class AB, 1.50%, 09/25/2049		1,120,332			882,221
Series 5206, Class DV, 3.50%, 06/25/2033		955,308			897,414
Series 5227, Class JQ, 4.00%, 04/25/2047		930,340			896,356
Series 5231, Class LV, 4.50%, 05/25/2052		1,007,883			976,088
Series 5252, Class BA, 4.00%, 02/25/2050		981,305			956,080
Federal National Mortgage Association
Series 2005-80, Class BA, 5.00%, 04/25/2029		19,260			19,553
Series 2009-96, Class DB, 4.00%, 11/25/2029		45,292			44,817
Series 2013-13, Class MA, 4.00%, 01/25/2043		208,415			201,947
Series 2016-24, Class HA, 3.00%, 04/25/2044		44,616			43,576
Series 2016-49, Class LA, 3.50%, 01/25/2043		77,963			77,038
Series 2016-89, Class CG, 3.00%, 04/25/2046		101,031			92,572
Series 2017-105, Class N, 3.00%, 01/25/2048		1,095,980			970,306
Series 2017-22, Class EC, 3.00%, 06/25/2044		82,996			81,240
Series 2018-45, Class AB, 3.00%, 06/25/2048		190,299			168,264
Series 2019-33, Class N, 3.00%, 03/25/2048		231,519			215,283
Series 2022-22, Class EV, 4.00%, 07/25/2033		686,174			657,998
Government National Mortgage Association
Series 2017-84, Class JD, 3.00%, 05/20/2047		32,705			29,120
Series 2018-6, Class JA, 2.75%, 01/20/2048		188,171			172,666
Series 2019-152, Class HA, 3.50%, 08/20/2049		127,130			121,666
Series 2019-61, Class KU, 3.50%, 05/20/2049		460,449			411,321
Series 2019-99, Class JC, 3.00%, 08/20/2049		67,558			60,746
Series 2020-122, Class DP, 2.50%, 07/20/2050		1,096,793			929,558
Series 2020-123, Class PB, 2.25%, 08/20/2050		538,624			435,331
Series 2020-133, Class A, 6.34%, 05/20/2050 (b)		219,105			223,348
Series 2020-133, Class HA, 3.50%, 09/20/2050		245,487			221,778
Series 2020-134, Class NP, 2.50%, 09/20/2050		844,108			697,419
Series 2020-183, Class AY, 2.00%, 11/20/2050		832,266			664,160
Series 2020-5, Class NA, 3.50%, 12/20/2049		184,024			169,808
Series 2020-78, Class CB, 5.00%, 09/20/2034		153,818			151,683
Series 2020-84, Class WA, 3.50%, 06/20/2050		158,904			143,813
Series 2020-95, Class NB, 4.50%, 07/20/2050		19,558			18,411
Series 2022-20, Class KA, 2.50%, 01/20/2052		973,178			874,438
Series 2022-24, Class BC, 4.00%, 02/20/2052		636,608			598,241
Series 2022-78, Class LA, 4.50%, 07/20/2050		796,184			786,112
GS Mortgage-Backed Securities Trust, Series 2021-PJ1, Class A4, 2.50%, 06/25/2051 (a)(b)		581,182			473,896
Harborview Mortgage Loan Trust
Series 2003-1, Class A, 5.93%, 05/19/2033 (b)		37,829			34,175
Series 2004-4, Class 2A, 5.28% (1 mo. Term SOFR + 0.67%), 06/19/2034		50,587			45,611
Impac CMB Trust, Series 2005-4, Class 2A1, 5.30% (1 mo. Term SOFR + 0.41%), 05/25/2035		174,376			164,478
Impac Funding Corp., Series 2003-3, Class A1, 5.20%, 08/25/2033 (b)		19,291			18,857
Impac Secured Assets CMN Owner Trust, Series 2006-1, Class 2A1, 5.40% (1 mo. Term SOFR + 0.81%), 05/25/2036		80,184			73,439
JP Morgan Mortgage Trust
Series 2003-A1, Class 1A1, 5.54%, 10/25/2033 (b)		35,615			33,576
Series 2004-A1, Class 4A1, 6.74%, 02/25/2034 (b)		17,722			17,594
Series 2004-A3, Class SF3, 7.12%, 06/25/2034 (b)		44,752			43,951
Series 2004-A4, Class 2A2, 6.49%, 09/25/2034 (b)		473,730			440,787
Series 2004-A5, Class 2A1, 7.03%, 12/25/2034 (b)		21,810			22,130
Series 2013-3, Class A3, 3.34%, 07/25/2043 (a)(b)		51,040			47,101
Series 2017-2, Class A3, 3.50%, 05/25/2047 (a)(b)		100,396			90,592
Mastr Adjustable Rate Mortgages Trust, Series 2003-3, Class 2A1, 7.45%, 09/25/2033 (b)		48,025			47,068
MASTR Asset Securitization Trust, Series 2004-1, Class 3A7, 5.25%, 01/25/2034		34,557			33,623
Merrill Lynch Mortgage Investors, Inc.
Series 2004-A3, Class 1A, 5.61%, 05/25/2034 (b)		105,201			95,327
Series 2005-A1, Class 1A, 6.64%, 12/25/2034 (b)		190,328			186,303
MortgageIT Trust, Series 2004-1, Class A2, 5.60% (1 mo. Term SOFR + 1.01%), 11/25/2034		635,461			604,232
New Residential Mortgage Loan Trust, Series 2017-3A, Class A1, 4.00%, 04/25/2057 (a)(b)		167,302			161,367
RCKT Mortgage Trust, Series 2022-1, Class A5, 2.50%, 01/25/2052 (a)(b)		1,265,211			1,108,252
Rithm Capital Corp., Series 2015-2A, Class A2, 3.75%, 08/25/2055 (a)(b)		149,228			141,395
Sequoia Mortgage Trust
Series 2003-8, Class A1, 5.36% (1 mo. Term SOFR + 0.75%), 01/20/2034		131,806			126,522
Series 2004-6, Class A2, 5.28% (1 mo. Term SOFR + 0.67%), 07/20/2034		63,996			59,222
Series 2013-5, Class A1, 2.50%, 05/25/2043 (a)(b)		149,936			129,192
Series 2013-6, Class A2, 3.00%, 05/25/2043 (b)		172,312			153,043
Series 2018-5, Class A7, 3.50%, 05/25/2048 (a)(b)		683,225			618,679
Series 2019-2, Class A1, 4.00%, 06/25/2049 (a)(b)		472,363			442,985
Series 2019-4, Class A1, 3.50%, 11/25/2049 (a)(b)		493,222			443,643
Series 2020-4, Class A2, 2.50%, 11/25/2050 (a)(b)		522,594			426,154
Structured Adjustable Rate Mortgage Loan Trust, Series 2004-1, Class 4A4, 7.29%, 02/25/2034 (b)		50,962			49,150
Structured Asset Mortgage Investments, Inc.
Series 2003-AR4, Class A1, 5.42% (1 mo. Term SOFR + 0.81%), 01/19/2034		22,389			21,247
Series 2004-AR4, Class 1A1, 5.42% (1 mo. Term SOFR + 0.81%), 12/19/2034		31,387			29,606
Series 2004-AR6, Class A1A, 5.42% (1 mo. Term SOFR + 0.81%), 02/19/2035		882,299			819,599
Structured Asset Securities Corp.
Series 2003-34A, Class 5A4, 6.26%, 11/25/2033 (b)		81,657			79,335
Series 2003-9A, Class 2A1, 6.70%, 03/25/2033 (b)		55,450			53,907
Terwin Mortgage Trust, Series 2004-1HE, Class M1, 5.83% (1 mo. Term SOFR + 1.24%), 02/25/2034 (a)		278,227			266,834
WaMu Mortgage Pass Through Certificates
Series 2002-AR2, Class A, 4.46% (Ent 11th COFI Repl + 1.25%), 02/27/2034		69,328			66,336
Series 2005-AR13, Class A1A3, 6.26% (1 mo. Term SOFR + 1.67%), 10/25/2045		111,859			110,833
Series 2005-AR2, Class 1A1A, 5.36% (1 mo. Term SOFR + 0.77%), 01/25/2045		833,313			813,831
Wells Fargo Alternative Loan Trust, Series 2002-1, Class 1A1, 6.25%, 08/25/2032		166,869			169,172
Wells Fargo Mortgage Backed Securities Trust, Series 2021-RR1, Class A3, 2.50%, 12/25/2050 (a)(b)		969,165			863,421
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $29,067,595)					26,799,762
MORTGAGE-BACKED SECURITIES - 12.8%	Par		Value
Federal Home Loan Mortgage Corp.
Pool C91859, 3.50%, 12/01/2035		185,481			178,210
Pool SB8257, 5.50%, 09/01/2038		847,432			857,866
Pool SD3148, 5.00%, 06/01/2053		990,843			980,551
Pool SD3386, 5.50%, 07/01/2053		1,400,032			1,401,570
Pool SD8255, 3.50%, 10/01/2052		1,360,904			1,235,051
Federal National Mortgage Association
Pool CA2472, 4.00%, 10/01/2048		1,023,819			966,363
Pool CB4024, 4.50%, 07/01/2052		1,234,698			1,201,991
Pool FM5329, 2.00%, 01/01/2031		394,297			372,033
Pool FS0862, 2.50%, 12/01/2036		764,804			712,151
Pool FS3430, 4.00%, 11/01/2052		927,834			881,627
Pool FS4239, 5.00%, 03/01/2053		1,237,898			1,219,301
Pool FS4522, 5.00%, 05/01/2053		1,412,015			1,387,913
Pool FS5649, 5.50%, 08/01/2053		377,862			377,751
Pool FS5779, 5.50%, 09/01/2053		1,095,396			1,095,820
Pool MA0584, 4.50%, 10/01/2040		8,710			8,334
Pool MA1201, 3.50%, 10/01/2032		72,472			70,146
Pool MA2705, 3.00%, 08/01/2046		558,384			497,326
Pool MA3210, 3.50%, 12/01/2047		330,923			305,158
Pool MA3356, 3.50%, 05/01/2048		1,563,852			1,440,663
Pool MA4626, 4.00%, 06/01/2052		1,319,405			1,236,109
Pool MA4733, 4.50%, 09/01/2052		491,018			472,421
TOTAL MORTGAGE-BACKED SECURITIES (Cost $16,981,375)					16,898,355
ASSET-BACKED SECURITIES - 8.0%	Par		Value
Air Canada, Series 2017-1, 3.55%, 01/15/2030 (a)		866,000			801,553
American Airlines Group, Inc., Series AA, 3.15%, 02/15/2032		965,982			894,435
Avis Budget Car Rental LLC, Series 2023-8A, Class A, 6.02%, 02/20/2030 (a)		1,000,000			1,039,756
Countrywide Asset-Backed Certificates, Series 2004-6, Class 2A3, 5.90% (1 mo. Term SOFR + 1.31%), 11/25/2034		148,892			149,441
DB Master Finance Parent LLC, Series 2021-1A, Class A2II, 2.49%, 11/20/2051 (a)		1,050,510			956,914
Domino's SPV Guarantor LLC, Series 2021-1A, Class A2I, 2.66%, 04/25/2051 (a)		636,988			582,163
Flagship Credit Auto Trust, Series 2020-4, Class D, 2.18%, 02/16/2027 (a)		735,000			721,493
Impac CMB Trust, Series 2007-A, Class M1, 5.50% (1 mo. Term SOFR + 0.91%), 05/25/2037 (a)		228,698			218,753
Jack in the Box, Inc., Series 2022-1A, Class A2I, 3.45%, 02/26/2052 (a)		841,050			800,536
Long Beach Mortgage Loan Trust, Series 2004-4, Class 1A1, 5.26% (1 mo. Term SOFR + 0.67%), 10/25/2034		680,758			665,471
SBA Depositor LLC
Series 2020-1-2, 2.33%, 01/15/2028 (a)		10,000			9,156
Series 2021-3, 2.59%, 10/15/2031 (a)		1,200,000			1,007,947
United Airlines, Inc., 5.88%, 02/15/2037		960,000			999,167
Verizon Master Trust, Series 2024-6, Class A1A, 4.17%, 08/20/2030		1,705,000			1,695,740
TOTAL ASSET-BACKED SECURITIES (Cost $10,595,349)					10,542,525
EXCHANGE TRADED FUNDS - 3.5%	Shares		Value
F/m 10-Year Investment Grade Corporate Bond ETF		64,841			3,308,538
F/m 3-Year Investment Grade Corporate Bond ETF		25,000			1,267,700
TOTAL EXCHANGE TRADED FUNDS (Cost $4,546,382)					4,576,238
U.S. GOVERNMENT AGENCY ISSUES - 2.7%	Par		Value
Federal Farm Credit Banks Funding Corp 1.15%, 08/12/2030		2,000,000			1,680,885
Federal Farm Credit Banks Funding Corp 4.65%, 06/15/2035		1,100,000			1,116,187
Tennessee Valley Authority 2.40%, 03/24/2036		900,000			719,697
TOTAL U.S. GOVERNMENT AGENCY ISSUES (Cost $3,887,172)					3,516,769
CONVERTIBLE BONDS - 0.7%	Par		Value
Financials - 0.7%
PennyMac Corp., 8.50%, 06/01/2029 (a)		1,000,000			1,001,500
TOTAL CONVERTIBLE BONDS (Cost $997,500)					1,001,500
SHORT-TERM INVESTMENTS - 1.3%			Value
Money Market Funds - 1.3%	Shares
Invesco Treasury Portfolio - Class Institutional, 4.55% (c)		1,671,764		$	1,671,764
TOTAL SHORT-TERM INVESTMENTS (Cost $1,671,764)					1,671,764
TOTAL INVESTMENTS - 99.3% (Cost $135,992,658)				$	131,175,542
Other Assets in Excess of Liabilities - 0.7%					934,833
TOTAL NET ASSETS - 100.0%				$	132,110,375
two					–	%
Percentages are stated as a percent of net assets.					–	%

Ent 11th COFI Repl - Enterprise 11th District COFI Replacement Index

SOFR - Secured Overnight Financing Rate

(a)	Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of November 30, 2024, the value of these securities total $15,975,923 or 12.1% of the Fund’s net assets.
(b)	Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of November 30, 2024.
(c)	The rate shown represents the 7-day annualized effective yield as of November 30, 2024.

Summary of Fair Value Disclosure as of November 30, 2024 (Unaudited)

Oakhurst Fixed Income Fund has adopted authoritative fair value accounting standards which establish an authoritative 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 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 would be based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund’s securities as of November 30, 2024:

	Level 1		Level 2		Level 3		Total
Investments:
U.S. Treasury Securities	$	–	$	38,253,891	$	–	$	38,253,891
Corporate Bonds		–		27,914,738		–		27,914,738
Collateralized Mortgage Obligations		–		26,799,762		–		26,799,762
Mortgage-Backed Securities		–		16,898,355		–		16,898,355
Asset-Backed Securities		–		10,542,525		–		10,542,525
Exchange Traded Funds		4,576,238		–		–		4,576,238
U.S. Government Agency Issues		–		3,516,769		–		3,516,769
Convertible Bonds		–		1,001,500		–		1,001,500
Money Market Funds		1,671,764		–		–		1,671,764
Total Investments	$	6,248,002	$	124,927,541	$	–	$	131,175,542
Refer to the Schedule of Investments for further disaggregation of investment categories.