Oakhurst Short Duration Bond Fund
Schedule of Investments
November 30, 2024 (Unaudited)
COLLATERALIZED MORTGAGE OBLIGATIONS - 29.9%	Par		Value
Federal Home Loan Mortgage Corp.
Series 2580, Class PY, 4.00%, 03/15/2033		8,769		$	8,459
Series 3597, Class LH, 4.50%, 07/15/2039		80,374			79,919
Series 3664, Class DA, 4.00%, 11/15/2037		221,758			219,395
Series 4312, Class GA, 2.50%, 12/15/2041		35,188			34,200
Series 4768, Class E, 3.50%, 09/15/2042		91,700			91,210
Series 4938, Class BL, 2.25%, 07/25/2049		373,325			323,425
Series 4960, Class PD, 2.00%, 10/25/2049		210,454			174,929
Federal National Mortgage Association
Series 2005-109, Class PC, 6.00%, 12/25/2035		24,449			24,706
Series 2005-80, Class BA, 5.00%, 04/25/2029		67,410			68,437
Series 2008-17, Class PA, 4.50%, 10/25/2037		66,722			65,971
Series 2008-49, Class PA, 5.00%, 04/25/2038		55,127			53,873
Series 2009-94, Class DA, 4.50%, 10/25/2039		129,805			128,996
Series 2010-112, Class CY, 4.00%, 10/25/2025		220			219
Series 2012-136, Class PD, 2.50%, 11/25/2042		152,836			147,960
Series 2012-41, Class BA, 2.50%, 04/25/2027		134,650			131,659
Series 2013-82, Class BP, 2.75%, 12/25/2042		273,262			256,413
Series 2016-72, Class AP, 3.00%, 07/25/2044		70,093			67,578
Series 2018-14, Class PA, 3.50%, 04/25/2047		290,666			277,753
Government National Mortgage Association
Series 2018-131, Class PG, 3.00%, 09/20/2048		80,287			72,753
Series 2019-152, Class HA, 3.50%, 08/20/2049		125,700			120,297
Series 2019-24, Class PE, 3.25%, 02/20/2049		176,388			163,209
Series 2019-65, Class EB, 3.00%, 05/20/2049		148,499			130,276
Series 2020-95, Class NB, 4.50%, 07/20/2050		54,836			51,620
GSR Mortgage Loan Trust
Series 2003-13, Class 1A1, 6.41%, 10/25/2033 (a)		69,479			69,517
Series 2003-7F, Class 1A4, 5.25%, 06/25/2033		140,163			141,648
Impac CMB Trust, Series 2005-4, Class 2A1, 5.30% (1 mo. Term SOFR + 0.41%), 05/25/2035		104,417			98,490
Mastr Adjustable Rate Mortgages Trust
Series 2004-13, Class 2A1, 6.90%, 04/21/2034 (a)		74,932			72,915
Series 2004-6, Class 4A6, 6.55%, 07/25/2034 (a)		78,457			78,174
MASTR Alternative Loans Trust, Series 2003-1, Class 2A1, 6.50%, 01/25/2033		199,809			203,464
Mastr Seasoned Securities Trust, Series 2005-1, Class 1A1, 5.89%, 09/25/2032 (a)		286,486			286,793
MortgageIT Trust, Series 2005-5, Class A1, 5.22% (1 mo. Term SOFR + 0.63%), 12/25/2035		271,754			266,487
Structured Adjustable Rate Mortgage Loan Trust, Series 2004-12, Class 3A3, 5.91%, 09/25/2034 (a)		14,871			14,561
Structured Asset Mortgage Investments, Inc., Series 2004-AR6, Class A1A, 5.42% (1 mo. Term SOFR + 0.81%), 02/19/2035		303,515			281,946
Structured Asset Securities Corp., Series 2003-34A, Class 3A4, 6.17%, 11/25/2033 (a)		36,799			36,539
WaMu Mortgage Pass Through Certificates, Series 2002-AR2, Class A, 4.46% (Ent 11th COFI Repl + 1.25%), 02/27/2034		12,605			12,061
Wells Fargo Mortgage Backed Securities Trust, Series 2004-K, Class 2A6, 7.32%, 07/25/2034 (a)		201,007			205,877
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $4,749,340)					4,461,729
CORPORATE BONDS - 26.1%	Par		Value
Communications - 2.0%
AT&T, Inc., 6.55%, 01/15/2028		150,000			156,637
Discovery Communications LLC, 3.95%, 03/20/2028		150,000			143,485
					300,122
Consumer Discretionary - 3.1%
AutoNation, Inc., 3.80%, 11/15/2027		151,000			146,558
Phinia Holdings Jersey Ltd., 5.00%, 10/01/2025 (b)		151,000			147,709
United Airlines 2020-1 Class B Pass Through Trust, Series B, 4.88%, 01/15/2026		168,000			167,690
					461,957
Energy - 1.1%
Texas Gas Transmission LLC, 7.25%, 07/15/2027		160,000			167,233
Financials - 14.0%
Air Lease Corp., 3.63%, 12/01/2027		150,000			145,211
Ally Financial, Inc., 2.20%, 11/02/2028		215,000			193,838
American Tower Corp., 5.50%, 03/15/2028		146,000			149,227
Ares Capital Corp., 7.00%, 01/15/2027		175,000			181,301
Athene Holding Ltd., 4.13%, 01/12/2028		150,000			147,053
Aviation Capital Group LLC, 6.25%, 04/15/2028 (b)		185,000			192,044
Bank of America Corp., 6.20% to 11/10/2027 then SOFR + 1.99%, 11/10/2028		138,000			143,680
Blue Owl Capital Corp., 2.88%, 06/11/2028		215,000			196,428
Citigroup, Inc., 4.13%, 07/25/2028		149,000			145,685
Goldman Sachs BDC, Inc., 3.75%, 02/10/2025		149,000			148,420
Goldman Sachs Group, Inc., 3.85%, 01/26/2027		151,000			148,472
JPMorgan Chase & Co., 4.51% to 10/22/2027 then SOFR + 0.86%, 10/22/2028 (c)		149,000			148,157
Synchrony Financial, 3.95%, 12/01/2027		150,000			144,893
					2,084,409
Health Care - 2.0%
Amgen, Inc., 5.15%, 03/02/2028		144,000			146,184
CVS Pass-Through Trust, 6.04%, 12/10/2028		143,830			144,954
					291,138
Industrials - 1.3%
Ryder System, Inc., 6.30%, 12/01/2028		185,000			195,853
Technology - 1.3%
Hewlett Packard Enterprise Co., 4.40%, 09/25/2027		148,000			147,191
Ricoh USA, Inc., 6.75%, 12/01/2025		50,000			49,324
					196,515
Utilities - 1.3%
Elwood Energy LLC, 8.16%, 07/05/2026		203,544			193,367
TOTAL CORPORATE BONDS (Cost $3,890,772)					3,890,594
U.S. TREASURY SECURITIES - 15.6%	Par		Value
United States Treasury Note/Bond
4.63%, 06/30/2026		447,000			449,575
4.50%, 07/15/2026		475,000			476,939
3.75%, 08/31/2026		330,000			327,370
4.13%, 10/31/2026		150,000			149,801
3.75%, 08/15/2027		614,000			608,160
3.38%, 09/15/2027		325,000			318,741
TOTAL U.S. TREASURY SECURITIES (Cost $2,341,915)					2,330,586
ASSET-BACKED SECURITIES - 14.0%	Par		Value
Accredited Mortgage Loan Trust, Series 2004-3, Class 2A2, 5.90% (1 mo. Term SOFR + 1.31%), 10/25/2034		46,830			46,278
ACE Securities Corp., Series 2003-NC1, Class A2A, 5.54% (1 mo. Term SOFR + 0.95%), 07/25/2033		234,621			218,681
Alaska Airlines, Inc., Series A, 4.80%, 08/15/2027 (b)		153,764			152,661
Argent Securities, Inc. Asset-Backed Pass-Through Certificates, Series 2004-W10, Class A2, 3.69% (1 mo. Term SOFR + 0.89%), 10/25/2034		211,056			204,930
CarMax Auto Owner Trust, Series 2021-3, Class A4, 0.74%, 01/15/2027		160,000			155,448
Carvana Auto Receivables Trust
Series 2021-N1, Class B, 1.09%, 01/10/2028		154,509			149,315
Series 2021-P2, Class A4, 0.80%, 01/10/2027		224,257			220,169
Countrywide Asset-Backed Certificates, Series 2004-6, Class 2A3, 5.90% (1 mo. Term SOFR + 1.31%), 11/25/2034		152,019			152,579
DB Master Finance Parent LLC, Series 2021-1A, Class A2I, 2.05%, 11/20/2051 (b)		276,450			261,355
OneMain Holdings, Inc., Series 2006-1, Class A5, 5.75%, 12/25/2035 (a)(b)		1,001			1,077
Soundview Home Equity Loan Trust, Series 2003-2, Class A2, 6.00% (1 mo. Term SOFR + 1.41%), 11/25/2033		134,356			138,331
Verizon Master Trust, Series 2024-6, Class A1A, 4.17%, 08/20/2030		210,000			208,859
World Omni Select Auto Trust, Series 2021-A, Class C, 1.09%, 11/15/2027		175,000			170,330
TOTAL ASSET-BACKED SECURITIES (Cost $2,100,911)					2,080,013
EXCHANGE TRADED FUNDS - 9.9%	Shares		Value
F/m 2-Year Investment Grade Corporate Bond ETF		14,492			732,989
F/m 3-Year Investment Grade Corporate Bond ETF (c)		14,467			733,593
TOTAL EXCHANGE TRADED FUNDS (Cost $1,465,035)					1,466,582
CONVERTIBLE BONDS - 1.0%	Par		Value
Financials - 1.0%
PennyMac Corp., 8.50%, 06/01/2029 (b)		150,000			150,225
TOTAL CONVERTIBLE BONDS (Cost $149,625)					150,225
MORTGAGE-BACKED SECURITIES - 0.8%	Par		Value
Federal Home Loan Mortgage Corp., Pool J12630, 4.00%, 07/01/2025		19,349			19,280
Federal National Mortgage Association
Pool AL0300, 4.50%, 06/01/2026		24,745			24,740
Pool AL4309, 4.00%, 10/01/2028		79,554			78,809
TOTAL MORTGAGE-BACKED SECURITIES (Cost $124,650)					122,829
SHORT-TERM INVESTMENTS - 3.2%			Value
Investments Purchased with Proceeds from Securities Lending - 1.0%	Units
Mount Vernon Liquid Assets Portfolio, LLC, 5.50% (d)		154,377			154,377
Money Market Funds - 2.2%	Shares
Invesco Treasury Portfolio - Class Institutional, 4.55% (d)		326,553			326,553
TOTAL SHORT-TERM INVESTMENTS (Cost $480,930)					480,930
TOTAL INVESTMENTS - 100.5% (Cost $15,303,178)					14,983,488
Liabilities in Excess of Other Assets - (0.5)%					(70,959	)
TOTAL NET ASSETS - 100.0%				$	14,912,529
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)	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.
(b)	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 $905,071 or 6.1% of the Fund’s net assets.
(c)	All or a portion of this security is on loan as of November 30, 2024. The total market value of these securities was $151,560 which represented 1.0% of net assets.
(d)	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 Short Duration Bond 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:
Collateralized Mortgage Obligations	$	–	$	4,461,729	$	–	$	4,461,729
Corporate Bonds		–		3,890,594		–		3,890,594
U.S. Treasury Securities		–		2,330,586		–		2,330,586
Asset-Backed Securities		–		2,080,013		–		2,080,013
Exchange Traded Funds		1,466,582		–		–		1,466,582
Convertible Bonds		–		150,225		–		150,225
Mortgage-Backed Securities		–		122,829		–		122,829
Investments Purchased with Proceeds from Securities Lending(a)		–		–		–		154,377
Money Market Funds		326,553		–		–		326,553
Total Investments	$	1,793,135	$	13,035,976	$	–	$	14,983,488
Refer to the Schedule of Investments for further disaggregation of investment categories.

(a) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount of $154,377 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.