NPORT-EX 2 edgar.htm
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD COVERED CALL INCOME FUND
The table below sets forth the diversification of the Steward Covered Call Income Fund investments by Industry.

    
Industry Diversification   Percent*
Software   9.0%
IT Services   6.7
Semiconductors & Semiconductor Equipment   6.4
Interactive Media & Services   6.0
Banks   5.4
Technology Hardware, Storage & Peripherals   4.9
Internet & Direct Marketing Retail   3.9
Hotels, Restaurants & Leisure   3.6
Capital Markets   3.3
Beverages   3.3
Automobiles   3.3
Oil, Gas & Consumable Fuels   3.2
Electric Utilities   3.2
Biotechnology   3.1
Health Care Equipment & Supplies   2.5
Specialty Retail   2.2
Chemicals   2.2
Food & Staples Retailing   2.0
Aerospace & Defense   2.0
Industrial Conglomerates   2.0
Household Products   1.8
Health Care Providers & Services   1.7
Industry Diversification   Percent*
Diversified Financial Services   1.6%
Diversified Telecommunication Services   1.6
Life Sciences Tools & Services   1.5
Consumer Finance   1.4
Media   1.4
Entertainment   1.4
Equity Real Estate Investment Trusts   1.2
Air Freight & Logistics   1.2
Road & Rail   1.1
Insurance   1.1
Textiles, Apparel & Luxury Goods   1.1
Communications Equipment   1.0
Electrical Equipment   0.9
Multiline Retail   0.9
Machinery   0.8
Pharmaceuticals   0.8
Wireless Telecommunication Services   0.8
Money Market Fund   0.8
Food Products   0.6
Total Investments   102.9%
    
 
* Percentages indicated are based on net assets as of January 31, 2022.
See notes to Schedules of Portfolio Investments.
0
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD COVERED CALL INCOME FUND
  Shares   Value
COMMON STOCKS (102.1%)
AEROSPACE & DEFENSE (2.0%)
Boeing Co. (The)(a) 400   $80,096
General Dynamics Corp. 500   106,050
Raytheon Technologies Corp. 1,399   126,175
      312,321
AIR FREIGHT & LOGISTICS (1.2%)
FedEx Corp. 400   98,344
United Parcel Service, Inc., Class B 400   80,884
      179,228
AUTOMOBILES (3.3%)
Ford Motor Co. 3,300   66,990
General Motors Co.(a) 1,200   63,276
Tesla, Inc.(a) 400   374,688
      504,954
BANKS (5.4%)
Bank of America Corp. 5,000   230,700
Citigroup, Inc. 1,600   104,192
JPMorgan Chase & Co. 1,800   267,480
U.S. Bancorp 1,600   93,104
Wells Fargo & Co. 2,400   129,120
      824,596
BEVERAGES (3.3%)
Coca-Cola Co. (The) 5,800   353,858
PepsiCo, Inc. 900   156,168
      510,026
BIOTECHNOLOGY (3.1%)
AbbVie, Inc. 1,500   205,335
Amgen, Inc. 400   90,856
Biogen, Inc.(a) 300   67,800
Gilead Sciences, Inc. 1,600   109,888
      473,879
CAPITAL MARKETS (3.3%)
Bank of New York Mellon Corp. (The) 1,700   100,742
BlackRock, Inc. 200   164,588
Goldman Sachs Group, Inc. (The) 300   106,404
Morgan Stanley 1,300   133,302
      505,036
  Shares   Value
CHEMICALS (2.2%)
Dow, Inc. 1,800   $107,514
DuPont de Nemours, Inc. 1,000   76,600
Linde PLC 500   159,340
      343,454
COMMUNICATIONS EQUIPMENT (1.0%)
Cisco Systems, Inc. 2,700   150,309
CONSUMER FINANCE (1.4%)
American Express Co. 700   125,874
Capital One Financial Corp. 600   88,038
      213,912
DIVERSIFIED FINANCIAL SERVICES (1.6%)
Berkshire Hathaway, Inc., Class B(a) 800   250,416
DIVERSIFIED TELECOMMUNICATION SERVICES (1.6%)
AT&T, Inc. 4,500   114,750
Verizon Communications, Inc. 2,600   138,398
      253,148
ELECTRIC UTILITIES (3.2%)
Duke Energy Corp. 700   73,542
Exelon Corp. 1,600   92,720
NextEra Energy, Inc. 2,200   171,864
Southern Co. (The) 2,200   152,878
      491,004
ELECTRICAL EQUIPMENT (0.9%)
Emerson Electric Co. 1,500   137,925
ENTERTAINMENT (1.4%)
Netflix, Inc.(a) 200   85,428
Walt Disney Co. (The)(a) 900   128,673
      214,101
EQUITY REAL ESTATE INVESTMENT TRUSTS (1.2%)
American Tower Corp. 500   125,750
Simon Property Group, Inc. 400   58,880
      184,630
FOOD & STAPLES RETAILING (2.0%)
Costco Wholesale Corp. 300   151,539
 
See notes to Schedules of Portfolio Investments.
1
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD COVERED CALL INCOME FUND
  Shares   Value
Walgreens Boots Alliance, Inc.† 200   $9,952
Walmart, Inc. 1,000   139,810
      301,301
FOOD PRODUCTS (0.6%)
Kraft Heinz Co. (The) 900   32,220
Mondelez International, Inc., Class A 1,000   67,030
      99,250
HEALTH CARE EQUIPMENT & SUPPLIES (2.5%)
Abbott Laboratories 1,500   191,190
Medtronic PLC 1,900   196,631
      387,821
HEALTH CARE PROVIDERS & SERVICES (1.7%)
CVS Health Corp. 2,500   266,275
HOTELS, RESTAURANTS & LEISURE (3.6%)
Booking Holdings, Inc.(a) 100   245,613
McDonald's Corp. 600   155,670
Starbucks Corp. 1,600   157,312
      558,595
HOUSEHOLD PRODUCTS (1.8%)
Colgate-Palmolive Co. 900   74,205
Procter & Gamble Co. (The) 1,300   208,585
      282,790
INDUSTRIAL CONGLOMERATES (2.0%)
3M Co. 700   116,214
Honeywell International, Inc. 900   184,032
      300,246
INSURANCE (1.1%)
American International Group, Inc. 1,500   86,625
MetLife, Inc. 1,200   80,472
      167,097
INTERACTIVE MEDIA & SERVICES (6.0%)
Alphabet, Inc., Class A(a) 100   270,607
Alphabet, Inc., Class C†(a) 100   271,397
Meta Platforms, Inc., Class A(a) 1,200   375,912
      917,916
INTERNET & DIRECT MARKETING RETAIL (3.9%)
Amazon.com, Inc.(a) 200   598,294
IT SERVICES (6.7%)
Accenture PLC, Class A 600   212,148
International Business Machines Corp. 1,100   146,927
  Shares   Value
Mastercard, Inc., Class A 600   $231,828
PayPal Holdings, Inc.(a) 800   137,552
Visa, Inc., Class A 1,300   294,021
      1,022,476
LIFE SCIENCES TOOLS & SERVICES (1.5%)
Danaher Corp. 800   228,632
MACHINERY (0.8%)
Caterpillar, Inc. 600   120,936
MEDIA (1.4%)
Charter Communications, Inc., Class A(a) 100   59,334
Comcast Corp., Class A 3,000   149,970
      209,304
MULTILINE RETAIL (0.9%)
Target Corp. 600   132,258
OIL, GAS & CONSUMABLE FUELS (3.2%)
Chevron Corp. 1,200   157,596
ConocoPhillips 1,300   115,206
Exxon Mobil Corp. 2,800   212,688
      485,490
PHARMACEUTICALS (0.8%)
Eli Lilly & Co. 500   122,695
ROAD & RAIL (1.1%)
Union Pacific Corp. 700   171,185
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (6.4%)
Broadcom, Inc. 300   175,764
Intel Corp. 2,600   126,932
NVIDIA Corp. 1,400   342,804
QUALCOMM, Inc. 800   140,608
Texas Instruments, Inc. 1,100   197,439
      983,547
SOFTWARE (9.0%)
Adobe, Inc.(a) 700   374,010
Microsoft Corp. 2,400   746,352
Oracle Corp. 1,300   105,508
salesforce.com, Inc.(a) 700   162,841
      1,388,711
SPECIALTY RETAIL (2.2%)
Home Depot, Inc. (The) 600   220,188
Lowe’s Cos., Inc. 500   118,675
      338,863
 
See notes to Schedules of Portfolio Investments.
2
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD COVERED CALL INCOME FUND
  Shares   Value
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS (4.9%)
Apple, Inc. 4,300   $751,554
TEXTILES, APPAREL & LUXURY GOODS (1.1%)
NIKE, Inc., Class B 1,100   162,877
WIRELESS TELECOMMUNICATION SERVICES (0.8%)
T-Mobile U.S., Inc.(a) 1,200   129,804
TOTAL COMMON STOCKS
(COST $15,491,425) 		    15,676,856
MONEY MARKET FUND (0.8%)
Northern Institutional Treasury Portfolio (Premier Class), 0.01%(b) 128,373   128,373
TOTAL MONEY MARKET FUND
(COST $128,373) 		    128,373
TOTAL INVESTMENTS
(COST $15,619,798) 100.0% 		    15,805,229
    
    Value
WRITTEN CALL OPTIONS -2.6%
(PREMIUMS RECEIVED $(306,467)) 		  $(405,479)
    Value
TOTAL SECURITIES SOLD SHORT
(PROCEEDS $(306,467)) (2.6)% 		  $(405,479)
LIABILITIES IN EXCESS OF OTHER ASSETS (0.3)%   (44,372)
NET ASSETS 100.0%   $15,355,378
Securities in this Fund are pledged as collateral for call options written.
    
† Security is not pledged as collateral for call options written.
(a) Represents non-income producing security.
(b) 7-day current yield as of January 31, 2022 is disclosed.
    
PLC — Public Limited Company
 
See notes to Schedules of Portfolio Investments.
3
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD COVERED CALL INCOME FUND
Exchange-traded options written as of January 31, 2022 were as follows:
Description   Type   Number of
Contracts 		  Notional
Amount* 		  Exercise
Price 		  Expiration
Date 		  Value
3M Co.   Call   7   $(133,000)   $190.00   4/14/22   $(336)
Abbott Laboratories   Call   15   (202,500)   135.00   5/20/22   (5,700)
AbbVie, Inc.   Call   10   (140,000)   140.00   3/18/22   (3,550)
Accenture PLC, Class A   Call   4   (144,000)   360.00   2/18/22   (2,380)
Adobe, Inc.   Call   5   (295,000)   590.00   3/18/22   (3,190)
Alphabet, Inc., Class A   Call   1   (280,000)   2,800.00   3/18/22   (8,550)
Amazon.com, Inc.   Call   1   (300,000)   3,000.00   3/18/22   (14,129)
American Express Co.   Call   7   (122,500)   175.00   3/18/22   (7,227)
American International Group, Inc.   Call   15   (90,000)   60.00   2/18/22   (1,343)
American Tower Corp.   Call   5   (130,000)   260.00   2/18/22   (1,350)
Amgen, Inc.   Call   3   (70,500)   235.00   4/14/22   (1,590)
Apple, Inc.   Call   30   (510,000)   170.00   3/18/22   (29,400)
AT&T, Inc.   Call   45   (112,500)   25.00   3/18/22   (5,625)
Bank of America Corp.   Call   50   (230,000)   46.00   2/18/22   (6,250)
Bank of New York Mellon Corp. (The)   Call   17   (102,000)   60.00   3/18/22   (3,349)
Berkshire Hathaway, Inc., Class B   Call   5   (160,000)   320.00   3/18/22   (3,075)
Biogen, Inc.   Call   2   (53,000)   265.00   4/14/22   (720)
BlackRock, Inc.   Call   2   (174,000)   870.00   3/18/22   (1,910)
Boeing Co. (The)   Call   4   (84,000)   210.00   4/14/22   (3,824)
Booking Holdings, Inc.   Call   1   (250,000)   2,500.00   2/18/22   (6,040)
Broadcom, Inc.   Call   2   (120,000)   600.00   4/14/22   (5,670)
Capital One Financial Corp.   Call   5   (75,000)   150.00   2/18/22   (1,300)
Caterpillar, Inc.   Call   6   (132,000)   220.00   2/18/22   (300)
Charter Communications, Inc., Class A   Call   1   (60,000)   600.00   3/18/22   (1,950)
Chevron Corp.   Call   10   (120,000)   120.00   2/18/22   (11,750)
Cisco Systems, Inc.   Call   20   (120,000)   60.00   4/14/22   (2,020)
Citigroup, Inc.   Call   16   (104,000)   65.00   2/18/22   (2,432)
Coca-Cola Co. (The)   Call   36   (216,000)   60.00   3/18/22   (7,812)
Colgate-Palmolive Co.   Call   7   (61,250)   87.50   5/20/22   (1,068)
Comcast Corp., Class A   Call   30   (157,500)   52.50   3/18/22   (2,640)
ConocoPhillips   Call   10   (75,000)   75.00   2/18/22   (13,775)
Costco Wholesale Corp.   Call   3   (156,000)   520.00   3/18/22   (3,810)
CVS Health Corp.   Call   12   (117,000)   97.50   2/18/22   (11,520)
Danaher Corp.   Call   7   (203,000)   290.00   3/18/22   (6,615)
Dow, Inc.   Call   17   (102,000)   60.00   3/18/22   (3,332)
Duke Energy Corp.   Call   5   (52,500)   105.00   4/14/22   (1,475)
DuPont de Nemours, Inc.   Call   8   (66,000)   82.50   4/14/22   (1,400)
Eli Lilly & Co.   Call   2   (52,000)   260.00   3/18/22   (980)
Emerson Electric Co.   Call   15   (142,500)   95.00   3/18/22   (2,700)
Exelon Corp.   Call   15   (82,500)   55.00   2/18/22   (4,665)
Exxon Mobil Corp.   Call   25   (162,500)   65.00   2/18/22   (28,125)
FedEx Corp.   Call   3   (78,000)   260.00   4/14/22   (2,168)
Ford Motor Co.   Call   30   (66,000)   22.00   2/18/22   (1,350)
General Dynamics Corp.   Call   3   (66,000)   220.00   5/20/22   (1,770)
General Motors Co.   Call   10   (57,500)   57.50   3/18/22   (1,550)
See notes to Schedules of Portfolio Investments.
4
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD COVERED CALL INCOME FUND
Description   Type   Number of
Contracts 		  Notional
Amount* 		  Exercise
Price 		  Expiration
Date 		  Value
Gilead Sciences, Inc.   Call   16   $(120,000)   $75.00   3/18/22   $(1,376)
Goldman Sachs Group, Inc. (The)   Call   2   (75,000)   375.00   3/18/22   (1,150)
Home Depot, Inc. (The)   Call   5   (192,500)   385.00   3/18/22   (3,150)
Honeywell International, Inc.   Call   5   (110,000)   220.00   3/18/22   (700)
Intel Corp.   Call   26   (143,000)   55.00   3/18/22   (780)
International Business Machines Corp.   Call   5   (62,500)   125.00   2/18/22   (4,275)
JPMorgan Chase & Co.   Call   18   (288,000)   160.00   3/18/22   (2,412)
Kraft Heinz Co. (The)   Call   9   (31,500)   35.00   3/18/22   (1,575)
Linde PLC   Call   5   (165,000)   330.00   2/18/22   (1,275)
Lowe’s Cos., Inc.   Call   4   (100,000)   250.00   4/14/22   (3,000)
Mastercard, Inc., Class A   Call   6   (231,000)   385.00   3/18/22   (10,560)
McDonald's Corp.   Call   4   (108,000)   270.00   3/18/22   (876)
Medtronic PLC   Call   19   (209,000)   110.00   3/18/22   (2,926)
Meta Platforms, Inc., Class A   Call   11   (352,000)   320.00   4/14/22   (18,645)
MetLife, Inc.   Call   10   (67,500)   67.50   3/18/22   (2,250)
Microsoft Corp.   Call   15   (487,500)   325.00   3/18/22   (9,315)
Mondelez International, Inc., Class A   Call   10   (67,500)   67.50   3/18/22   (1,600)
Morgan Stanley   Call   10   (100,000)   100.00   3/18/22   (5,950)
Netflix, Inc.   Call   1   (40,000)   400.00   3/18/22   (4,150)
NextEra Energy, Inc.   Call   22   (170,500)   77.50   3/18/22   (7,458)
NIKE, Inc., Class B   Call   11   (170,500)   155.00   2/18/22   (1,287)
NVIDIA Corp.   Call   10   (295,000)   295.00   3/18/22   (3,750)
Oracle Corp.   Call   13   (113,750)   87.50   5/20/22   (3,575)
PayPal Holdings, Inc.   Call   5   (90,000)   180.00   5/20/22   (6,150)
PepsiCo, Inc.   Call   4   (72,000)   180.00   4/14/22   (1,052)
Procter & Gamble Co. (The)   Call   10   (170,000)   170.00   5/20/22   (2,440)
QUALCOMM, Inc.   Call   5   (100,000)   200.00   3/18/22   (1,480)
Raytheon Technologies Corp.   Call   13   (123,500)   95.00   5/20/22   (3,497)
salesforce.com, Inc.   Call   3   (72,000)   240.00   4/14/22   (3,502)
Simon Property Group, Inc.   Call   4   (62,000)   155.00   4/14/22   (2,060)
Southern Co. (The)   Call   22   (143,000)   65.00   2/18/22   (10,362)
Starbucks Corp.   Call   16   (168,000)   105.00   4/14/22   (3,360)
Target Corp.   Call   5   (115,000)   230.00   4/14/22   (3,575)
Tesla, Inc.   Call   3   (315,000)   1,050.00   2/18/22   (4,848)
Texas Instruments, Inc.   Call   11   (220,000)   200.00   3/18/22   (941)
T-Mobile U.S., Inc.   Call   10   (115,000)   115.00   3/18/22   (2,220)
U.S. Bancorp   Call   15   (90,000)   60.00   3/18/22   (1,950)
Union Pacific Corp.   Call   5   (125,000)   250.00   2/18/22   (1,285)
United Parcel Service, Inc., Class B   Call   3   (66,000)   220.00   3/18/22   (915)
Verizon Communications, Inc.   Call   26   (143,000)   55.00   4/14/22   (2,340)
Visa, Inc., Class A   Call   13   (292,500)   225.00   4/14/22   (14,722)
Walmart, Inc.   Call   10   (150,000)   150.00   5/20/22   (2,690)
Walt Disney Co. (The)   Call   5   (75,000)   150.00   4/14/22   (2,500)
See notes to Schedules of Portfolio Investments.
5
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD COVERED CALL INCOME FUND
Description   Type   Number of
Contracts 		  Notional
Amount* 		  Exercise
Price 		  Expiration
Date 		  Value
Wells Fargo & Co.   Call   24   $(120,000)   $50.00   2/18/22   $(9,840)
Total (Premiums received $306,467)                       $(405,479)
    
* Notional amount is expressed as the number of contracts multiplied by the strike price multiplied by 100.
See notes to Schedules of Portfolio Investments.
6
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD GLOBAL EQUITY INCOME FUND

The table below sets forth the diversification of the Steward Global Equity Income Fund investments by Country.

    
Country Diversification   Percent*
United States   61.4%
Canada   13.5
Japan   5.6
Taiwan   4.7
Brazil   2.5
Sweden   2.1
Germany   1.7
France   1.7
Ireland (Republic of)   1.5
Republic of Korea (South)   1.4
United Kingdom   1.3
Spain   1.3
Switzerland   1.2
Total Investments   99.9%
    
* Percentages indicated are based on net assets as of January 31, 2022.
See notes to Schedules of Portfolio Investments.
7
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD GLOBAL EQUITY INCOME FUND
  Shares   Value
COMMON STOCKS (96.6%)
AEROSPACE & DEFENSE (1.0%)
General Dynamics Corp. 14,350   $3,043,635
AIR FREIGHT & LOGISTICS (1.7%)
C.H. Robinson Worldwide, Inc. 51,340   5,372,731
AUTO COMPONENTS (1.5%)
Magna International, Inc., ADR 55,900   4,506,099
AUTOMOBILES (2.0%)
Honda Motor Co. Ltd., Sponsored ADR 204,380   6,039,429
BANKS (9.5%)
Bank of Nova Scotia (The) 58,840   4,234,126
Canadian Imperial Bank of Commerce 37,700   4,732,104
Mitsubishi UFJ Financial Group, Inc., Sponsored ADR 899,760   5,479,539
Royal Bank of Canada 38,630   4,405,365
Shinhan Financial Group Co. Ltd., ADR 132,100   4,239,089
Toronto-Dominion Bank (The) 74,710   5,979,041
      29,069,264
BEVERAGES (2.1%)
PepsiCo, Inc. 37,670   6,536,498
BIOTECHNOLOGY (1.6%)
Amgen, Inc. 22,250   5,053,865
CHEMICALS (1.1%)
Air Products and Chemicals, Inc. 12,060   3,402,367
COMMUNICATIONS EQUIPMENT (3.8%)
Cisco Systems, Inc. 94,970   5,286,980
Telefonaktiebolaget LM Ericsson, Sponsored ADR 529,510   6,555,334
      11,842,314
DIVERSIFIED FINANCIAL SERVICES (1.8%)
ORIX Corp., Sponsored ADR 54,470   5,647,994
ELECTRIC UTILITIES (2.7%)
Entergy Corp. 28,150   3,146,326
Fortis, Inc. 106,780   5,075,253
      8,221,579
  Shares   Value
EQUITY REAL ESTATE INVESTMENT TRUSTS (2.8%)
Crown Castle International Corp. 26,280   $4,796,363
Iron Mountain, Inc. 81,200   3,728,704
      8,525,067
FOOD & STAPLES RETAILING (0.6%)
Cia Brasileira de Distribuicao, ADR 433,750   1,843,438
FOOD PRODUCTS (1.0%)
General Mills, Inc. 43,440   2,983,459
HEALTH CARE EQUIPMENT & SUPPLIES (3.4%)
Abbott Laboratories 44,700   5,697,462
Medtronic PLC 44,880   4,644,631
      10,342,093
HEALTH CARE PROVIDERS & SERVICES (5.7%)
Cardinal Health, Inc. 93,900   4,842,423
Cigna Corp. 29,760   6,858,490
Quest Diagnostics, Inc. 42,370   5,720,797
      17,421,710
HOTELS, RESTAURANTS & LEISURE (2.6%)
McDonald's Corp. 30,400   7,887,280
HOUSEHOLD DURABLES (4.5%)
Garmin Ltd. 30,350   3,776,147
KB Home 130,580   5,517,005
Leggett & Platt, Inc. 50,090   1,996,087
Whirlpool Corp. 12,470   2,621,069
      13,910,308
HOUSEHOLD PRODUCTS (1.9%)
Procter & Gamble Co. (The) 36,810   5,906,164
INDUSTRIAL CONGLOMERATES (1.0%)
3M Co. 18,850   3,129,477
IT SERVICES (4.6%)
Amdocs Ltd. 49,930   3,789,188
Cognizant Technology Solutions Corp., Class A 51,220   4,375,212
Paychex, Inc. 51,500   6,064,640
      14,229,040
 
See notes to Schedules of Portfolio Investments.
8
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD GLOBAL EQUITY INCOME FUND
  Shares   Value
MACHINERY (2.9%)
Cummins, Inc. 23,410   $5,170,801
Snap-on, Inc. 17,930   3,733,922
      8,904,723
MEDIA (5.2%)
Nexstar Media Group, Inc., Class A 25,690   4,248,612
Omnicom Group, Inc. 45,480   3,427,373
TEGNA, Inc. 243,530   4,714,741
ViacomCBS, Inc., Class B 110,660   3,701,577
      16,092,303
METALS & MINING (2.0%)
Ternium SA, Sponsored ADR 77,420   3,118,478
Yamana Gold, Inc. 706,460   2,910,615
      6,029,093
OIL, GAS & CONSUMABLE FUELS (5.1%)
Canadian Natural Resources, Ltd. 90,810   4,624,045
Petroleo Brasileiro SA, Sponsored ADR 430,820   5,751,447
TotalEnergies SE, Sponsored ADR 91,180   5,179,024
      15,554,516
PERSONAL PRODUCTS (1.3%)
Unilever PLC, Sponsored ADR 80,270   4,125,075
PROFESSIONAL SERVICES (1.7%)
Thomson Reuters Corp. 48,030   5,156,501
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (11.5%)
Analog Devices, Inc. 35,740   5,860,288
ChipMOS Technologies, Inc., ADR 75,360   2,502,706
Intel Corp. 88,520   4,321,546
Silicon Motion Technology Corp. ADR 47,510   3,753,290
Taiwan Semiconductor Manufacturing Co. Ltd., Sponsored ADR 57,970   7,108,861
Texas Instruments, Inc. 39,290   7,052,162
United Microelectronics Corp., Sponsored ADR 477,960   4,698,347
      35,297,200
SOFTWARE (3.1%)
Oracle Corp. 52,170   4,234,117
SAP SE, Sponsored ADR 41,640   5,213,745
      9,447,862
  Shares   Value
SPECIALTY RETAIL (2.3%)
Best Buy Co., Inc. 21,290   $2,113,671
Home Depot, Inc. (The) 13,410   4,921,202
      7,034,873
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS (4.6%)
HP, Inc. 186,940   6,866,306
NetApp, Inc. 82,740   7,157,838
      14,024,144
TOTAL COMMON STOCKS
(COST $252,371,375) 		    296,580,101
MONEY MARKET FUND (2.0%)
Northern Institutional Treasury Portfolio (Premier Class), 0.01%(a) 6,263,483   6,263,483
TOTAL MONEY MARKET FUND
(COST $6,263,483) 		    6,263,483
PREFERRED STOCKS (1.3%)
BIOTECHNOLOGY (1.3%)
Grifols SA, ADR, 7.63%(b) 341,340   4,007,331
TOTAL PREFERRED STOCKS
(COST $5,053,998) 		    4,007,331
TOTAL INVESTMENTS
(COST $263,688,856) 100.0% 		    306,850,915
OTHER ASSETS IN EXCESS OF LIABILITIES 0.1%     168,441
NET ASSETS 100.0%     $307,019,356
 
    
(a) 7-day current yield as of January 31, 2022 is disclosed.
(b) Current yield is disclosed. Dividends are calculated based on a percentage of the issuer’s net income.
    
ADR — American Depositary Receipt
PLC — Public Limited Company
 
See notes to Schedules of Portfolio Investments.
9
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD INTERNATIONAL ENHANCED INDEX FUND

The table below sets forth the diversification of the Steward International Enhanced Index Fund investments by Country.

    
Country Diversification   Percent*
Canada   26.9%
United Kingdom   13.4
United States   12.3
Netherlands   7.5
Taiwan   7.2
Japan   5.4
Brazil   3.3
Switzerland   3.2
India   3.0
Australia   2.6
Germany   2.5
France   2.1
Spain   1.5
Mexico   1.4
Republic of Korea (South)   1.3
Ireland (Republic of)   1.0
Jersey   0.9
China   0.6
Sweden   0.6
Denmark   0.5
Italy   0.5
Finland   0.5
South Africa   0.4
Norway   0.4
Chile   0.4
Indonesia   0.3
Colombia   0.2
Total Investments   99.9%
    
* Percentages indicated are based on net assets as of January 31, 2022.
See notes to Schedules of Portfolio Investments.
10
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD INTERNATIONAL ENHANCED INDEX FUND
  Shares   Value
COMMON STOCKS (95.8%)
AEROSPACE & DEFENSE (0.1%)
CAE, Inc.(a) 7,590   $191,647
AIR FREIGHT & LOGISTICS (0.2%)
ZTO Express Cayman, Inc., ADR 13,980   419,959
AIRLINES (0.2%)
Ryanair Holdings PLC, Sponsored ADR(a) 3,538   394,911
AUTO COMPONENTS (0.4%)
Magna International, Inc., ADR 10,730   864,945
AUTOMOBILES (2.3%)
Ferrari N.V. 5,630   1,300,305
Honda Motor Co. Ltd., Sponsored ADR 53,430   1,578,856
NIO, Inc., ADR(a) 29,660   726,967
Stellantis N.V. 65,150   1,256,744
Tata Motors Ltd., Sponsored ADR(a) 9,890   333,886
      5,196,758
BANKS (17.6%)
Banco Bilbao Vizcaya Argentaria SA, Sponsored ADR 165,860   1,058,187
Banco de Chile, ADR 9,259   185,828
Banco Santander Chile, ADR 2,254   45,260
Banco Santander SA, Sponsored ADR 411,595   1,448,814
Bank of Montreal 20,910   2,366,594
Bank of Nova Scotia (The) 39,330   2,830,187
Barclays PLC, Sponsored ADR 97,189   1,058,388
Canadian Imperial Bank of Commerce 15,500   1,945,560
Credicorp Ltd. 2,047   293,171
HDFC Bank Ltd., ADR 32,210   2,210,572
HSBC Holdings PLC, Sponsored ADR 111,221   3,956,131
ICICI Bank Ltd., Sponsored ADR 64,960   1,411,581
ING Groep N.V., Sponsored ADR 101,180   1,497,464
KB Financial Group, Inc., ADR 20,370   1,014,426
Lloyds Banking Group PLC, ADR 425,905   1,166,980
Mitsubishi UFJ Financial Group, Inc., Sponsored ADR 320,870   1,954,098
Mizuho Financial Group, Inc., ADR 315,100   857,072
Natwest Group PLC, Sponsored ADR 67,028   443,055
Royal Bank of Canada 45,680   5,209,347
Shinhan Financial Group Co. Ltd., ADR 26,800   860,012
Sumitomo Mitsui Financial Group, Inc., Sponsored ADR 182,750   1,313,973
Toronto-Dominion Bank (The) 55,730   4,460,072
Westpac Banking Corp., Sponsored ADR(b) 96,905   1,376,051
      38,962,823
  Shares   Value
BEVERAGES (0.5%)
Fomento Economico Mexicano SAB de CV, Sponsored ADR 15,890   $1,195,246
BIOTECHNOLOGY (1.1%)
Argenx SE, ADR(a) 2,730   735,080
BeiGene Ltd., ADR(a) 1,890   458,476
Genmab A/S, Sponsored ADR(a) 31,910   1,087,493
Zai Lab Ltd. ADR(a) 3,350   166,394
      2,447,443
CAPITAL MARKETS (1.7%)
Credit Suisse Group, Sponsored ADR 60,759   579,033
Deutsche Bank AG(a) 50,660   703,667
Nomura Holdings, Inc., Sponsored ADR 85,620   380,153
UBS Group AG 107,010   1,997,877
      3,660,730
CHEMICALS (0.7%)
Nutrien Ltd. 17,663   1,232,878
Sasol Ltd., Sponsored ADR(a) 13,310   297,079
      1,529,957
COMMERCIAL SERVICES & SUPPLIES (1.2%)
Waste Connections, Inc. 21,380   2,666,086
COMMUNICATIONS EQUIPMENT (1.1%)
Nokia Oyj, Sponsored ADR(a) 167,640   989,076
Telefonaktiebolaget LM Ericsson, Sponsored ADR 110,090   1,362,914
      2,351,990
CONSTRUCTION MATERIALS (1.0%)
CEMEX SAB de CV, Sponsored ADR(a) 55,045   336,875
CRH PLC, Sponsored ADR 26,270   1,324,271
James Hardie Industries PLC, Sponsored ADR 16,480   549,114
      2,210,260
DIVERSIFIED FINANCIAL SERVICES (0.4%)
ORIX Corp., Sponsored ADR 8,650   896,918
DIVERSIFIED TELECOMMUNICATION SERVICES (3.8%)
BCE, Inc. 47,475   2,481,043
Chunghwa Telecom Co. Ltd., Sponsored ADR 38,115   1,654,572
Orange SA, Sponsored ADR 80,550   941,630
Telefonica SA, Sponsored ADR(a) 169,980   785,308
Telkom Indonesia Persero Tbk PT, ADR 21,570   641,276
TELUS Corp. 76,570   1,801,692
      8,305,521
 
See notes to Schedules of Portfolio Investments.
11
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD INTERNATIONAL ENHANCED INDEX FUND
  Shares   Value
ELECTRIC UTILITIES (0.9%)
Enel Americas SA, ADR 37,710   $222,489
Fortis, Inc. 35,660   1,694,920
      1,917,409
ELECTRICAL EQUIPMENT (1.0%)
ABB Ltd., Sponsored ADR 61,550   2,140,093
ENTERTAINMENT (1.0%)
Bilibili, Inc., Sponsored ADR(a) 4,390   154,923
NetEase, Inc., ADR 20,025   2,069,784
      2,224,707
FOOD PRODUCTS (0.1%)
BRF SA, ADR(a) 30,790   129,010
HEALTH CARE EQUIPMENT & SUPPLIES (1.6%)
Alcon, Inc. 21,960   1,686,089
Koninklijke Philips N.V., Sponsored NYS 33,145   1,103,066
Smith & Nephew PLC, Sponsored ADR 23,840   807,222
      3,596,377
HEALTH CARE PROVIDERS & SERVICES (0.3%)
Fresenius Medical Care AG & Co. KGaA, ADR 20,720   700,958
HOTELS, RESTAURANTS & LEISURE (0.7%)
Huazhu Group Ltd. ADR(a) 1,990   78,645
InterContinental Hotels Group PLC, ADR(a) 7,083   472,011
Restaurant Brands International, Inc. 12,525   701,024
Trip.com Group Ltd., ADR(a) 8,670   230,709
      1,482,389
HOUSEHOLD DURABLES (1.8%)
Sony Group Corp., Sponsored ADR 34,950   3,902,517
INSURANCE (2.4%)
Aegon N.V., Sponsored NYS 40,717   230,865
China Life Insurance Co. Ltd., ADR 66,430   593,220
Manulife Financial Corp. 72,540   1,510,283
Prudential PLC, ADR 39,050   1,326,138
Sun Life Financial, Inc. 29,750   1,683,850
      5,344,356
INTERACTIVE MEDIA & SERVICES (0.5%)
Baidu, Inc., Sponsored ADR(a) 6,953   1,110,672
INTERNET & DIRECT MARKETING RETAIL (6.5%)
Alibaba Group Holding Ltd., Sponsored ADR(a) 83,600   10,516,044
  Shares   Value
JD.com, Inc., ADR(a) 43,020   $3,221,338
Pinduoduo, Inc., ADR(a) 9,650   577,456
      14,314,838
IT SERVICES (3.0%)
CGI, Inc.(a) 11,560   986,877
GDS Holdings Ltd., ADR(a) 2,050   89,954
Infosys Ltd., Sponsored ADR 93,040   2,192,953
Pagseguro Digital Ltd., Class A(a) 3,280   74,193
Shopify, Inc., Class A(a) 2,900   2,796,296
StoneCo Ltd., Class A(a) 770   11,997
Wipro Ltd., ADR 71,143   547,090
      6,699,360
LIFE SCIENCES TOOLS & SERVICES (0.5%)
QIAGEN N.V.(a) 22,894   1,133,024
MACHINERY (0.2%)
CNH Industrial N.V. 29,960   453,295
Iveco Group N.V.(a) 5,992   63,749
      517,044
MEDIA (1.0%)
Grupo Televisa SAB, Sponsored ADR 23,020   235,495
Pearson PLC, Sponsored ADR 31,390   266,815
Shaw Communications, Inc., Class B 31,240   931,264
WPP PLC, Sponsored ADR 10,020   780,658
      2,214,232
METALS & MINING (7.3%)
Agnico-Eagle Mines Ltd. 10,200   487,356
AngloGold Ashanti Ltd., Sponsored ADR 12,980   241,168
ArcelorMittal SA, Sponsored NYS 16,233   481,471
Barrick Gold Corp., ADR 61,623   1,180,081
BHP Group Ltd., Sponsored ADR 68,980   4,387,128
Franco Nevada Corp. 8,000   1,058,320
Gold Fields Ltd., Sponsored ADR 22,470   238,182
Kinross Gold Corp. 44,170   238,518
Kirkland Lake Gold Ltd. 10,570   398,172
POSCO, Sponsored ADR 15,140   856,016
Rio Tinto PLC, Sponsored ADR 29,142   2,080,739
Sibanye Stillwater Ltd., ADR 11,750   176,133
Southern Copper Corp. 4,533   289,613
Teck Resources Ltd., Class B 11,313   349,232
Vale SA, Sponsored ADR 194,780   2,956,760
Wheaton Precious Metals Corp. 19,060   768,499
      16,187,388
 
See notes to Schedules of Portfolio Investments.
12
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD INTERNATIONAL ENHANCED INDEX FUND
  Shares   Value
MULTI-UTILITIES (1.5%)
Algonquin Power & Utilities Corp. 60,090   $858,686
National Grid PLC, Sponsored ADR 33,509   2,452,524
      3,311,210
OIL, GAS & CONSUMABLE FUELS (10.9%)
BP PLC, Sponsored ADR 86,072   2,661,346
Cameco Corp. 8,320   161,658
Canadian Natural Resources, Ltd. 29,820   1,518,434
Cenovus Energy, Inc. 26,370   383,684
China Petroleum & Chemical Corp., ADR 9,076   472,860
Ecopetrol SA, Sponsored ADR 10,700   157,718
Enbridge, Inc. 67,830   2,867,174
Eni S.p.A., Sponsored ADR 33,570   1,005,757
Equinor ASA, Sponsored ADR 31,917   879,313
Imperial Oil Ltd. 6,230   254,932
Pembina Pipeline Corp. 16,210   514,668
PetroChina Co. Ltd., ADR 7,360   364,246
Petroleo Brasileiro SA, Sponsored ADR 86,030   1,148,500
Shell PLC, ADR(a) 100,955   5,189,087
Suncor Energy, Inc. 35,208   1,005,893
TC Energy Corp. 34,130   1,762,814
TotalEnergies SE, Sponsored ADR 65,210   3,703,928
      24,052,012
PAPER & FOREST PRODUCTS (0.1%)
Suzano SA, Sponsored ADR 23,870   267,105
PERSONAL PRODUCTS (2.0%)
Natura & Co. Holding SA, ADR(a) 25,470   220,570
Unilever PLC, Sponsored ADR 83,194   4,275,340
      4,495,910
PHARMACEUTICALS (0.2%)
Bausch Health Cos., Inc.(a) 16,868   414,447
PROFESSIONAL SERVICES (1.6%)
RELX PLC, Sponsored ADR 73,243   2,243,433
Thomson Reuters Corp. 12,944   1,389,668
      3,633,101
REAL ESTATE MANAGEMENT & DEVELOPMENT (0.4%)
FirstService Corp. 3,890   619,988
KE Holdings, Inc.(a) 10,080   219,643
      839,631
  Shares   Value
ROAD & RAIL (2.1%)
Canadian National Railway Co. 19,580   $2,383,278
Canadian Pacific Railway, Ltd. 30,630   2,186,982
      4,570,260
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (10.5%)
ASE Industrial Holding Co. Ltd., ADR 49,515   350,566
ASML Holding N.V., Sponsored NYS 11,227   7,602,924
STMicroelectronics N.V., Sponsored NYS 26,450   1,241,563
Taiwan Semiconductor Manufacturing Co. Ltd., Sponsored ADR 104,170   12,774,367
United Microelectronics Corp., Sponsored ADR 121,160   1,191,003
      23,160,423
SOFTWARE (2.3%)
Open Text Corp. 21,070   1,008,410
SAP SE, Sponsored ADR 32,260   4,039,275
      5,047,685
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS (0.7%)
Canon, Inc., Sponsored ADR 39,950   947,614
Logitech International SA 8,040   670,456
      1,618,070
TEXTILES, APPAREL & LUXURY GOODS (0.1%)
Gildan Activewear, Inc. 7,220   287,573
TRADING COMPANIES & DISTRIBUTORS (0.5%)
Ferguson PLC 7,330   1,163,931
WIRELESS TELECOMMUNICATION SERVICES (1.8%)
America Movil SAB de CV, Class L, Sponsored ADR 73,780   1,391,491
Rogers Communications, Inc., Class B 21,320   1,081,351
SK Telecom Co. Ltd., Sponsored ADR 6,180   162,163
Vodafone Group PLC, Sponsored ADR 72,069   1,261,928
      3,896,933
TOTAL COMMON STOCKS
(COST $189,645,475) 		    211,667,859
MASTER LIMITED PARTNERSHIPS (0.4%)
MULTI-UTILITIES (0.4%)
Brookfield Infrastructure Partners LP 15,510   915,711
TOTAL MASTER LIMITED PARTNERSHIPS
(COST $784,805) 		    915,711
 
See notes to Schedules of Portfolio Investments.
13
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD INTERNATIONAL ENHANCED INDEX FUND
  Shares   Value
MONEY MARKET FUND (2.3%)
Northern Institutional Treasury Portfolio (Premier Class), 0.01%(c) 5,068,040   $5,068,040
TOTAL MONEY MARKET FUND
(COST $5,068,040) 		    5,068,040
PREFERRED STOCKS (1.4%)
BANKS (0.5%)
Bancolombia SA, Sponsored ADR, 0.64%(d) 4,850   172,563
Itau Unibanco Holding SA, Sponsored ADR, 0.67%(d) 218,797   1,032,722
      1,205,285
CHEMICALS (0.2%)
Sociedad Quimica y Minera de Chile SA, Sponsored ADR, 2.27%(d) 7,410   401,251
METALS & MINING (0.1%)
Gerdau SA, Sponsored ADR, 18.74%(d) 36,060   188,594
OIL, GAS & CONSUMABLE FUELS (0.6%)
Petroleo Brasileiro SA, Sponsored ADR, 6.24%(d) 107,100   1,300,194
REAL ESTATE MANAGEMENT & DEVELOPMENT (0.0%)
Brookfield Property Preferred LP, 6.25% 448   11,187
TOTAL PREFERRED STOCKS
(COST $2,937,296) 		    3,106,511
  Shares   Value
TOTAL INVESTMENTS
(COST $198,435,616) 100.0% 		    $220,758,121
OTHER ASSETS IN EXCESS OF LIABILITIES 0.1%     303,351
NET ASSETS 100.0%     $221,061,472
 
    
(a) Represents non-income producing security.
(b) Security is a Level 3 investment.
(c) 7-day current yield as of January 31, 2022 is disclosed.
(d) Current yield is disclosed. Dividends are calculated based on a percentage of the issuer’s net income.
    
ADR — American Depositary Receipt
LP — Limited Partnership
NYS — New York Shares
PLC — Public Limited Company
 
See notes to Schedules of Portfolio Investments.
14
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD SELECT BOND FUND

The table below sets forth the diversification of the Steward Select Bond Fund investments by Industry.

    
Industry Diversification   Percent*
U.S. Government Agencies   15.6%
U.S. Treasury Obligations   7.1
Semiconductors & Semiconductor Equipment   5.4
U.S. Government Agency Mortgage-Backed Obligations   5.2
Software   5.0
IT Services   4.5
Food & Staples Retailing   3.8
Oil, Gas & Consumable Fuels   3.5
Hotels, Restaurants & Leisure   3.4
Municipal Bonds   3.4
Textiles, Apparel & Luxury Goods   2.9
Health Care Providers & Services   2.6
Air Freight & Logistics   2.6
Aerospace & Defense   2.6
Food Products   2.5
Specialty Retail   2.5
Banks   2.3
Capital Markets   2.2
Internet & Direct Marketing Retail   1.9
Industry Diversification   Percent*
Media   1.9%
Technology Hardware, Storage & Peripherals   1.7
Biotechnology   1.3
Multiline Retail   1.3
Consumer Finance   1.3
Machinery   1.3
Entertainment   1.3
Household Products   1.2
Road & Rail   1.2
Health Care Equipment & Supplies   1.2
Communications Equipment   1.2
Commercial Services & Supplies   1.2
Insurance   1.2
Chemicals   1.2
Industrial Conglomerates   1.2
Money Market Fund   0.6
Thrifts & Mortgage Finance   0.1
Total Investments   99.4%
    
 
* Percentages indicated are based on net assets as of January 31, 2022.
See notes to Schedules of Portfolio Investments.
15
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD SELECT BOND FUND
  Shares   Value
ASSET-BACKED SECURITIES (0.1%)
THRIFTS & MORTGAGE FINANCE (0.1%)
Opteum Mortgage Acceptance Corp., Class 2AD2(a) 93,836   $94,299
TOTAL ASSET-BACKED SECURITIES
(COST $94,311) 		    94,299
    
  Principal
Amount 		  Value
CORPORATE BONDS (67.4%)
AEROSPACE & DEFENSE (2.6%)
General Dynamics Corp., 3.75%, 5/15/28, (Callable 2/15/28 @ 100) $2,000,000   $2,152,240
Raytheon Technologies Corp., 4.13%, 11/16/28, (Callable 8/16/28 @ 100) 2,000,000   2,182,630
      4,334,870
AIR FREIGHT & LOGISTICS (2.6%)
United Parcel Service, Inc., 3.05%, 11/15/27, (Callable 8/15/27 @ 100) 1,000,000   1,051,999
United Parcel Service, Inc., 3.75%, 11/15/47, (Callable 5/15/47 @ 100) 1,000,000   1,125,450
United Parcel Service, Inc., 3.90%, 4/1/25, (Callable 3/1/25 @ 100) 2,000,000   2,120,784
      4,298,233
BANKS (2.3%)
Citigroup, Inc., 6.63%, 6/15/32 1,000,000   1,285,379
U.S. Bank NA/Cincinnati OH, 2.80%, 1/27/25, (Callable 12/27/24 @ 100) 2,500,000   2,581,204
      3,866,583
BIOTECHNOLOGY (1.3%)
AbbVie, Inc., 4.50%, 5/14/35, (Callable 11/14/34 @ 100) 1,500,000   1,696,460
Celgene Corp., 3.88%, 8/15/25, (Callable 5/15/25 @ 100) 472,000   497,399
      2,193,859
CAPITAL MARKETS (2.2%)
Charles Schwab Corp. (The), 2.00%, 3/20/28, (Callable 1/20/28 @ 100) 2,000,000   1,968,922
Goldman Sachs Group, Inc. (The), 5.95%, 1/15/27 1,500,000   1,727,608
      3,696,530
CHEMICALS (1.2%)
Sherwin-Williams Co. (The), 2.95%, 8/15/29, (Callable 5/15/29 @ 100) 1,000,000   1,020,442
Sherwin-Williams Co. (The), 3.80%, 8/15/49, (Callable 2/15/49 @ 100) 1,000,000   1,049,910
      2,070,352
  Principal
Amount 		  Value
COMMERCIAL SERVICES & SUPPLIES (1.2%)
Waste Management, Inc., 3.15%, 11/15/27, (Callable 8/15/27 @ 100) $2,000,000   $2,084,411
COMMUNICATIONS EQUIPMENT (1.2%)
Cisco Systems, Inc., 2.50%, 9/20/26, (Callable 6/20/26 @ 100) 2,000,000   2,063,475
CONSUMER FINANCE (1.3%)
American Express Co., 3.40%, 2/22/24, (Callable 1/22/24 @ 100) 1,000,000   1,034,482
American Express Credit Corp., 3.30%, 5/3/27, (Callable 4/3/27 @ 100) 1,000,000   1,053,428
      2,087,910
ENTERTAINMENT (1.3%)
Walt Disney Co. (The), 3.80%, 3/22/30 2,000,000   2,172,491
FOOD & STAPLES RETAILING (3.8%)
Sysco Corp., 3.25%, 7/15/27, (Callable 4/15/27 @ 100) 2,000,000   2,078,126
Walgreens Boots Alliance, Inc., 4.50%, 11/18/34, (Callable 5/18/34 @ 100) 2,000,000   2,204,736
Walmart, Inc., 3.25%, 7/8/29, (Callable 4/8/29 @ 100) 2,000,000   2,145,282
      6,428,144
FOOD PRODUCTS (2.5%)
General Mills, Inc., 4.20%, 4/17/28, (Callable 1/17/28 @ 100) 2,000,000   2,177,111
Tyson Foods, Inc., 4.50%, 6/15/22, (Callable 3/15/22 @ 100) 2,000,000   2,008,663
      4,185,774
HEALTH CARE EQUIPMENT & SUPPLIES (1.2%)
Abbott Laboratories, 2.95%, 3/15/25, (Callable 12/15/24 @ 100) 2,000,000   2,067,594
HEALTH CARE PROVIDERS & SERVICES (2.6%)
CVS Health Corp., 1.75%, 8/21/30, (Callable 5/21/30 @ 100) 1,320,000   1,211,227
CVS Health Corp., 4.00%, 12/5/23, (Callable 9/5/23 @ 100) 2,000,000   2,079,109
Evernorth Health, Inc., 4.50%, 2/25/26, (Callable 11/27/25 @ 100) 1,000,000   1,085,709
      4,376,045
HOTELS, RESTAURANTS & LEISURE (3.4%)
McDonald’s Corp., 3.70%, 1/30/26, (Callable 10/30/25 @ 100) 2,500,000   2,649,753
McDonald's Corp., 3.60%, 7/1/30, (Callable 4/1/30 @ 100) 1,000,000   1,071,845
Starbucks Corp., 3.75%, 12/1/47, (Callable 6/1/47 @ 100) 2,000,000   2,051,135
      5,772,733
 
See notes to Schedules of Portfolio Investments.
16
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD SELECT BOND FUND
  Principal
Amount 		  Value
HOUSEHOLD PRODUCTS (1.2%)
Procter & Gamble Co. (The), 3.00%, 3/25/30 $1,000,000   $1,054,502
Procter & Gamble Co. (The), 3.10%, 8/15/23 1,000,000   1,029,193
      2,083,695
INDUSTRIAL CONGLOMERATES (1.2%)
3M Co., 2.88%, 10/15/27, (Callable 7/15/27 @ 100) 2,000,000   2,086,690
INSURANCE (1.2%)
Prudential Financial, Inc., 5.88% (US0003M + 418 bps), 9/15/42, (Callable 9/15/22 @ 100)(a) 2,000,000   2,034,832
INTERNET & DIRECT MARKETING RETAIL (1.9%)
Amazon.com, Inc., 3.80%, 12/5/24, (Callable 9/5/24 @ 100) 3,000,000   3,169,306
IT SERVICES (4.5%)
Fiserv, Inc., 4.20%, 10/1/28, (Callable 7/1/28 @ 100) 1,000,000   1,085,876
Mastercard, Inc., 3.38%, 4/1/24 2,000,000   2,082,466
PayPal Holdings, Inc., 2.85%, 10/1/29, (Callable 7/1/29 @ 100) 2,000,000   2,048,446
Visa, Inc., 4.30%, 12/14/45, (Callable 6/14/45 @ 100) 2,000,000   2,352,223
      7,569,011
MACHINERY (1.3%)
John Deere Capital Corp., 3.45%, 3/13/25 2,000,000   2,103,840
MEDIA (1.9%)
Comcast Corp., 3.70%, 4/15/24, (Callable 3/15/24 @ 100) 3,000,000   3,128,143
MULTILINE RETAIL (1.3%)
Target Corp., 3.50%, 7/1/24 2,000,000   2,093,292
OIL, GAS & CONSUMABLE FUELS (3.5%)
ConocoPhillips Co., 4.95%, 3/15/26, (Callable 12/15/25 @ 100) 1,000,000   1,107,100
Gulf South Pipeline Co. LP, 4.00%, 6/15/22, (Callable 3/17/22 @ 100) 1,500,000   1,505,867
Valero Energy Corp., 4.00%, 4/1/29, (Callable 1/1/29 @ 100) 3,000,000   3,171,340
      5,784,307
ROAD & RAIL (1.2%)
Union Pacific Corp., 4.16%, 7/15/22, (Callable 4/15/22 @ 100) 2,000,000   2,014,908
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (5.4%)
Intel Corp., 4.00%, 12/15/32 2,000,000   2,252,411
  Principal
Amount 		  Value
NVIDIA Corp., 2.85%, 4/1/30, (Callable 1/1/30 @ 100) $2,000,000   $2,053,885
Qualcomm, Inc., 4.65%, 5/20/35, (Callable 11/20/34 @ 100) 4,000,000   4,753,967
      9,060,263
SOFTWARE (5.0%)
Adobe, Inc., 3.25%, 2/1/25, (Callable 11/1/24 @ 100) 3,000,000   3,125,917
Microsoft Corp., 3.45%, 8/8/36, (Callable 2/8/36 @ 100) 2,000,000   2,178,969
Oracle Corp., 3.25%, 11/15/27, (Callable 8/15/27 @ 100) 2,000,000   2,055,149
Salesforce.com, Inc., 3.70%, 4/11/28, (Callable 1/11/28 @ 100) 1,000,000   1,077,923
      8,437,958
SPECIALTY RETAIL (2.5%)
Home Depot, Inc. (The), 3.75%, 2/15/24, (Callable 11/15/23 @ 100) 2,000,000   2,084,844
Lowe's Cos., Inc., 3.65%, 4/5/29, (Callable 1/5/29 @ 100) 2,000,000   2,129,038
      4,213,882
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS (1.7%)
Apple, Inc., 1.65%, 5/11/30, (Callable 2/11/30 @ 100) 2,000,000   1,886,620
Apple, Inc., 3.45%, 2/9/45 1,000,000   1,040,670
      2,927,290
TEXTILES, APPAREL & LUXURY GOODS (2.9%)
NIKE, Inc., 2.85%, 3/27/30, (Callable 12/27/29 @ 100) 3,000,000   3,089,846
Ralph Lauren Corp., 2.95%, 6/15/30, (Callable 3/15/30 @ 100) 1,000,000   1,010,783
Tapestry, Inc., 4.13%, 7/15/27, (Callable 4/15/27 @ 100) 689,000   728,628
      4,829,257
TOTAL CORPORATE BONDS
(COST $113,402,521) 		    113,235,678
MUNICIPAL BONDS (3.4%)
California State University Taxable Revenue Refunding Bonds, Series B, 1.79%, 11/1/30 500,000   475,149
Connecticut State Taxable G.O. Unlimited Bonds, Series A, 1.50%, 6/1/27 200,000   195,418
Frisco Taxable Certificates G.O. Limited Bonds, Series B, 2/15/30(b) 995,000   975,790
Houston Utility System First Lien Taxable Revenue Refunding Bonds, Series B, 1.93%, 11/15/31 1,240,000   1,203,534
Leander Independent School District Taxable G.O. Unlimited Refunding Bonds, Series B (PSF, Gtd.), 1.99%, 8/15/33 895,000   862,073
 
See notes to Schedules of Portfolio Investments.
17
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD SELECT BOND FUND
  Principal
Amount 		  Value
Louisiana State Highway Improvement Taxable Revenue Refunding Bonds, Series A, 1.59%, 6/15/30 $100,000   $94,087
Metropolitan Government Nashville & Davidson County Water & Sewer Taxable Revenue Refunding Bonds, Series B, Green Bond, 2.13%, 7/1/32, (Callable 7/1/31 @ 100) 1,215,000   1,198,818
North Texas Tollway Authority Taxable Revenue Refunding Bonds, Series 2021A, 2.08%, 1/1/31 100,000   95,971
Northwest Independent School District Taxable G.O. Unlimited Refunding Bonds, Series A (PSF, Gtd.), 1.97%, 2/15/34, (Callable 2/15/30 @ 100) 600,000   572,598
Uptown Development Authority Contract Tax Allocation Increment Revenue Bonds, Series B (AGM Insured), 2.58%, 9/1/31 100,000   100,485
TOTAL MUNICIPAL BONDS
(COST $6,009,408) 		    5,773,923
U.S. GOVERNMENT AGENCIES (15.6%)
Federal Farm Credit Bank, 3.00%, 11/25/30 1,000,000   1,080,892
Federal Home Loan Bank      
0.60%, 4/13/26, (Callable 1/13/22 @ 100) (Step to 0.70% on 4/13/22)(c) 1,000,000   983,039
0.60%, 9/30/26, (Callable 12/30/21 @ 100) (Step to 0.65% on 3/30/22)(c) 2,000,000   1,955,831
0.63%, 7/29/26, (Callable 1/29/22 @ 100) (Step to 0.75% on 7/29/22)(c) 1,000,000   984,119
0.65%, 3/30/26, (Callable 12/30/21 @ 100) (Step to 0.70% on 3/30/22)(c) 1,000,000   983,814
0.75%, 8/25/28, (Callable 8/25/22 @ 100) (Step to 1.75% on 8/25/24)(c) 1,350,000   1,318,115
0.75%, 9/30/27, (Callable 12/30/21 @ 100) (Step to 1.00% on 3/30/24)(c) 800,000   777,344
0.80%, 3/8/27, (Callable 11/15/21 @ 100) 1,000,000   962,906
0.85%, 2/26/26, (Callable 11/26/21 @ 100) 1,000,000   976,283
0.88%, 3/23/26, (Callable 12/23/21 @ 100) 1,000,000   975,257
0.90%, 12/1/27, (Callable 11/15/21 @ 100) 2,000,000   1,917,517
1.00%, 4/29/31, (Callable 1/29/22 @ 100) (Step to 1.50% on 4/29/23)(c) 730,769   721,556
1.00%, 7/29/26, (Callable 1/29/22 @ 100) 1,000,000   976,960
1.00%, 3/16/27, (Callable 3/16/22 @ 100) 2,000,000   1,934,299
1.07%, 1/25/30, (Callable 1/25/22 @ 100) 1,000,000   935,858
2.50%, 5/23/22 1,000,000   1,006,673
      17,409,571
Federal Home Loan Mortgage Corp.      
  Principal
Amount 		  Value
0.80%, 10/27/26, (Callable 1/27/22 @ 100) $1,000,000   $960,710
1.05%, 7/21/28, (Callable 1/21/22 @ 100) 1,000,000   951,907
2.50%, 3/29/22 1,000,000   1,003,583
      2,916,200
Federal National Mortgage Association      
0.40%, 10/29/24, (Callable 4/29/22 @ 100) 1,000,000   976,823
0.55%, 8/19/25, (Callable 8/19/22 @ 100) 1,000,000   966,472
0.56%, 10/28/25, (Callable 10/28/22 @ 100) 1,000,000   966,065
0.58%, 8/25/25, (Callable 2/25/22 @ 100) 1,000,000   967,610
0.60%, 8/28/25, (Callable 2/28/22 @ 100) 1,000,000   968,471
      4,845,441
TOTAL U.S. GOVERNMENT AGENCIES
(COST $26,869,898) 		    26,252,104
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED
OBLIGATIONS (5.2%)
Federal Home Loan Mortgage Corp.      
2.04% (US0012M + 179 bps), 10/1/37(a) 12,422   12,445
2.38% (H15T1Y + 225 bps), 5/1/36(a) 17,703   17,751
3.00%, 7/15/41 1,314,515   1,340,874
3.50%, 2/1/34 243,436   255,496
3.50%, 10/1/49 343,885   359,021
3.50%, 12/15/48 499,760   525,791
4.00%, 12/15/25 2,500,000   2,643,294
5.00%, 11/1/37 7,178   7,900
6.00%, 3/1/38 18,507   21,310
      5,183,882
Federal National Mortgage Association      
0.53% (US0001M + 42 bps), 11/25/36(a) 27,186   27,422
1.50%, 11/25/44 1,759,057   1,726,141
2.20% (US0012M + 182 bps), 5/1/36(a) 47,706   49,933
2.29% (US0012M + 204 bps), 10/1/36(a) 15,857   15,894
3.50%, 2/1/43 158,956   168,050
3.50%, 4/1/48 479,973   510,566
4.00%, 9/1/33 158,319   165,696
4.00%, 10/1/46 351,343   377,374
6.00%, 6/1/36 177,706   190,866
 
See notes to Schedules of Portfolio Investments.
18
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD SELECT BOND FUND
  Principal
Amount 		  Value
6.00%, 9/1/36 $37,631   $40,385
6.00%, 5/1/37 24,306   26,751
      3,299,078
Government National Mortgage Association      
2.00% (H15T1Y + 150 bps), 1/20/39(a) 9,144   9,168
4.50%, 6/15/40 73,651   82,214
4.50%, 8/20/38 32,801   34,474
5.00%, 5/20/40 41,972   45,052
5.50%, 12/20/38 4,331   4,705
6.00%, 10/15/37 20,517   23,665
6.00%, 6/15/37 21,279   24,442
6.50%, 10/20/38 1,741   1,857
      225,577
TOTAL U.S. GOVERNMENT AGENCY MORTGAGE-BACKED OBLIGATIONS
(COST $8,592,728) 		    8,708,537
U.S. TREASURY OBLIGATIONS (7.1%)
U.S. Treasury Bond, 1.13%, 5/15/40 2,000,000   1,687,422
U.S. Treasury Notes      
0.38%, 1/15/27 (TIPS) 1,077,290   1,241,680
1.63%, 11/30/26 1,000,000   1,001,680
1.75%, 11/15/29 1,000,000   1,001,406
2.00%, 2/15/22 7,000,000   7,005,116
      10,249,882
TOTAL U.S. TREASURY OBLIGATIONS
(COST $12,124,995) 		    11,937,304
    
  Shares   Value
MONEY MARKET FUND (0.6%)
Northern Institutional Treasury Portfolio (Premier Class), 0.01%(d) 969,681   $969,681
TOTAL MONEY MARKET FUND
(COST $969,681) 		    969,681
  Shares   Value
TOTAL INVESTMENTS
(COST $168,063,542) 100.0% 		    $166,971,526
OTHER ASSETS IN EXCESS OF LIABILITIES 0.6%     1,029,508
NET ASSETS 100.0%     $168,001,034
 
    
(a) Variable rate security. The interest rate shown represents the rate in effect at January 31, 2022. For securities based on published reference rate and spread, the reference rate and spread are indicated in the description. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer and are based on current market conditions. These securities do not indicate a reference rate and spread in their description.
(b) When-Issued Security. Coupon rate is not in effect at January 31, 2022.
(c) Step Bond. Coupon rate is set for an initial period and then adjusted at a specified date. The rate shown represents the rate as of January 31, 2022.
(d) 7-day current yield as of January 31, 2022 is disclosed.
    
AGM — Assured Guarantee Municipal Corporation
bps — Basis Points
G.O. — General Obligation
Gtd. — Guaranteed
H15T1Y — 1 Year Treasury Constant Maturity Rate
LP — Limited Partnership
PSF — Permanent School Fund
TIPS — Treasury Inflation-Protected Security
US0001M — 1 Month US Dollar LIBOR
US0003M — 3 Month US Dollar LIBOR
US0012M — 12 Month US Dollar LIBOR
 
See notes to Schedules of Portfolio Investments.
19
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED LARGE CAP ENHANCED INDEX FUND

The table below sets forth the diversification of the Steward Values-Focused Large Cap Enhanced Index Fund investments by Industry.

    
Industry Diversification   Percent*
Software   9.5%
Technology Hardware, Storage & Peripherals   7.1
Semiconductors & Semiconductor Equipment   5.8
Interactive Media & Services   5.7
IT Services   4.6
Banks   3.9
Health Care Equipment & Supplies   3.3
Internet & Direct Marketing Retail   3.3
Capital Markets   3.2
Equity Real Estate Investment Trusts   3.1
Oil, Gas & Consumable Fuels   2.8
Specialty Retail   2.6
Automobiles   2.2
Life Sciences Tools & Services   2.1
Insurance   2.0
Electric Utilities   1.9
Biotechnology   1.8
Chemicals   1.8
Health Care Providers & Services   1.7
Household Products   1.7
Hotels, Restaurants & Leisure   1.6
Beverages   1.6
Machinery   1.5
Entertainment   1.5
Diversified Financial Services   1.4
Food & Staples Retailing   1.4
Food Products   1.4
Money Market Fund   1.4
Aerospace & Defense   1.3
Diversified Telecommunication Services   1.2
Media   1.1
Communications Equipment   1.1
Multi-Utilities   1.0
Pharmaceuticals   1.0
Industry Diversification   Percent*
Road & Rail   0.9%
Electronic Equipment, Instruments
& Components 		  0.9
Building Products   0.8
Air Freight & Logistics   0.7
Industrial Conglomerates   0.7
Textiles, Apparel & Luxury Goods   0.7
Consumer Finance   0.6
Containers & Packaging   0.6
Multiline Retail   0.6
Electrical Equipment   0.5
Commercial Services & Supplies   0.5
Professional Services   0.5
Metals & Mining   0.4
Trading Companies & Distributors   0.3
Household Durables   0.3
Energy Equipment & Services   0.3
Distributors   0.3
Auto Components   0.2
Real Estate Management & Development   0.2
Airlines   0.2
Personal Products   0.2
Wireless Telecommunication Services   0.2
Independent Power and Renewable Electricity Producers   0.1
Gas Utilities   0.1
Health Care Technology   0.1
Water Utilities   0.1
Leisure Products   0.1
Construction Materials   0.1
Construction & Engineering   0.0
Total Investments   99.8%
    
 
* Percentages indicated are based on net assets as of January 31, 2022.
See notes to Schedules of Portfolio Investments.
20
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED LARGE CAP ENHANCED INDEX FUND
  Shares   Value
COMMON STOCKS (98.4%)
AEROSPACE & DEFENSE (1.3%)
Boeing Co. (The)(a) 3,184   $637,564
General Dynamics Corp. 1,484   314,756
Howmet Aerospace, Inc. 2,863   89,011
Huntington Ingalls Industries, Inc. 92   17,222
L3Harris Technologies, Inc. 1,178   246,544
Lockheed Martin Corp. 1,629   633,893
Northrop Grumman Corp. 957   353,994
Raytheon Technologies Corp. 9,111   821,721
Textron, Inc. 1,100   74,866
TransDigm Group, Inc.(a) 218   134,330
      3,323,901
AIR FREIGHT & LOGISTICS (0.7%)
C.H. Robinson Worldwide, Inc. 1,070   111,975
Expeditors International of Washington, Inc. 3,360   384,653
FedEx Corp. 1,356   333,386
United Parcel Service, Inc., Class B 4,590   928,144
      1,758,158
AIRLINES (0.2%)
Alaska Air Group, Inc.(a) 480   26,275
American Airlines Group, Inc.(a) 5,650   93,056
Delta Air Lines, Inc.(a) 4,770   189,321
Southwest Airlines Co.(a) 4,040   180,830
United Airlines Holdings, Inc.(a) 1,020   43,738
      533,220
AUTO COMPONENTS (0.2%)
Aptiv PLC(a) 3,130   427,495
BorgWarner, Inc. 1,450   63,583
      491,078
AUTOMOBILES (2.2%)
Ford Motor Co. 26,960   547,288
General Motors Co.(a) 8,400   442,932
Tesla, Inc.(a) 4,820   4,514,990
      5,505,210
BANKS (3.9%)
Bank of America Corp. 45,869   2,116,396
Citigroup, Inc. 11,330   737,810
Citizens Financial Group, Inc. 2,290   117,866
Comerica, Inc. 420   38,968
Fifth Third Bancorp 5,090   227,167
First Republic Bank 760   131,928
Huntington Bancshares, Inc. 12,350   185,991
  Shares   Value
JPMorgan Chase & Co. 17,594   $2,614,468
KeyCorp 7,900   197,974
M&T Bank Corp. 230   38,957
People's United Financial, Inc. 4,410   85,466
PNC Financial Services Group, Inc. (The) 2,204   454,002
Regions Financial Corp. 7,892   181,043
Signature Bank 280   85,296
SVB Financial Group(a) 237   138,384
Truist Financial Corp. 8,047   505,513
U.S. Bancorp 8,680   505,089
Wells Fargo & Co. 23,788   1,279,794
Zions Bancorp 730   49,509
      9,691,621
BEVERAGES (1.6%)
Coca-Cola Co. (The) 28,610   1,745,496
Monster Beverage Corp.(a) 3,240   280,973
PepsiCo, Inc. 11,481   1,992,183
      4,018,652
BIOTECHNOLOGY (1.8%)
AbbVie, Inc. 12,420   1,700,174
Amgen, Inc. 4,428   1,005,776
Biogen, Inc.(a) 1,134   256,284
Gilead Sciences, Inc. 11,850   813,858
Incyte Corp.(a) 3,390   251,978
Moderna, Inc.(a) 2,270   384,379
      4,412,449
BUILDING PRODUCTS (0.8%)
A.O. Smith Corp. 1,000   76,420
Allegion PLC 403   49,460
Carrier Global Corp. 10,976   523,336
Fortune Brands Home & Security, Inc. 620   58,385
Johnson Controls International PLC 8,141   591,607
Masco Corp. 2,370   150,092
Trane Technologies PLC 2,900   501,990
      1,951,290
CAPITAL MARKETS (3.2%)
Ameriprise Financial, Inc. 606   184,412
Bank of New York Mellon Corp. (The) 5,601   331,915
BlackRock, Inc. 886   729,125
Cboe Global Markets, Inc. 950   112,603
Charles Schwab Corp. (The) 9,360   820,872
CME Group, Inc. 2,350   539,325
FactSet Research Systems, Inc. 360   151,880
Franklin Resources, Inc. 2,300   73,531
 
See notes to Schedules of Portfolio Investments.
21
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED LARGE CAP ENHANCED INDEX FUND
  Shares   Value
Goldman Sachs Group, Inc. (The) 1,892   $671,055
Intercontinental Exchange, Inc. 3,915   495,874
Invesco Ltd. 2,500   56,650
MarketAxess Holdings, Inc. 250   86,120
Moody's Corp. 1,798   616,714
Morgan Stanley 8,926   915,272
MSCI, Inc. 472   253,049
Nasdaq, Inc. 890   159,497
Northern Trust Corp. 1,290   150,466
Raymond James Financial, Inc. 1,290   136,572
S&P Global, Inc. 2,095   869,886
State Street Corp. 2,217   209,506
T. Rowe Price Group, Inc. 2,520   389,164
      7,953,488
CHEMICALS (1.8%)
Air Products and Chemicals, Inc. 1,343   378,887
Albemarle Corp. 640   141,274
Celanese Corp. 590   91,869
CF Industries Holdings, Inc. 1,170   80,578
Corteva, Inc. 5,125   246,410
Dow, Inc. 4,892   292,199
DuPont de Nemours, Inc. 3,695   283,037
Eastman Chemical Co. 320   38,058
Ecolab, Inc. 1,556   294,784
FMC Corp. 500   55,185
International Flavors & Fragrances, Inc. 1,480   195,242
Linde PLC 3,883   1,237,434
LyondellBasell Industries N.V., Class A 1,530   147,997
Mosaic Co. (The) 2,480   99,076
PPG Industries, Inc. 1,598   249,608
Sherwin-Williams Co. (The) 1,703   487,926
      4,319,564
COMMERCIAL SERVICES & SUPPLIES (0.5%)
Cintas Corp. 504   197,331
Copart, Inc.(a) 1,330   171,903
Republic Services, Inc. 2,256   288,001
Rollins, Inc. 2,895   89,311
Waste Management, Inc. 3,110   467,868
      1,214,414
COMMUNICATIONS EQUIPMENT (1.1%)
Arista Networks, Inc.(a) 1,644   204,366
Cisco Systems, Inc. 32,610   1,815,399
F5, Inc.(a) 270   56,057
  Shares   Value
Juniper Networks, Inc. 2,860   $99,585
Motorola Solutions, Inc. 2,041   473,389
      2,648,796
CONSTRUCTION & ENGINEERING (0.0%)
Quanta Services, Inc. 340   34,925
CONSTRUCTION MATERIALS (0.1%)
Martin Marietta Materials, Inc. 256   99,615
Vulcan Materials Co. 843   160,431
      260,046
CONSUMER FINANCE (0.6%)
American Express Co. 3,900   701,298
Capital One Financial Corp. 2,418   354,793
Discover Financial Services 1,740   201,405
Synchrony Financial 4,120   175,471
      1,432,967
CONTAINERS & PACKAGING (0.6%)
Amcor PLC 31,380   376,874
Avery Dennison Corp. 590   121,198
Ball Corp. 5,460   530,166
International Paper Co. 3,890   187,692
Packaging Corp. of America 890   134,060
Sealed Air Corp. 1,390   94,409
Westrock Co. 2,099   96,890
      1,541,289
DISTRIBUTORS (0.3%)
Genuine Parts Co. 850   113,246
LKQ Corp. 6,480   355,687
Pool Corp. 740   352,425
      821,358
DIVERSIFIED FINANCIAL SERVICES (1.4%)
Berkshire Hathaway, Inc., Class B(a) 10,987   3,439,151
DIVERSIFIED TELECOMMUNICATION SERVICES (1.2%)
AT&T, Inc. 51,150   1,304,325
Lumen Technologies, Inc. 8,539   105,542
Verizon Communications, Inc. 29,530   1,571,882
      2,981,749
ELECTRIC UTILITIES (1.9%)
Alliant Energy Corp. 2,090   125,107
American Electric Power Co., Inc. 3,880   350,752
 
See notes to Schedules of Portfolio Investments.
22
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED LARGE CAP ENHANCED INDEX FUND
  Shares   Value
Duke Energy Corp. 5,644   $592,959
Edison International 2,970   186,486
Entergy Corp. 1,150   128,536
Evergy, Inc. 2,270   147,459
Eversource Energy 3,070   274,734
Exelon Corp. 7,559   438,044
FirstEnergy Corp. 4,259   178,708
NextEra Energy, Inc. 12,956   1,012,123
NRG Energy, Inc. 2,260   90,242
Pinnacle West Capital Corp. 750   52,208
PPL Corp. 7,780   230,910
Southern Co. (The) 9,190   638,613
Xcel Energy, Inc. 4,700   327,402
      4,774,283
ELECTRICAL EQUIPMENT (0.5%)
AMETEK, Inc. 1,590   217,464
Eaton Corp. PLC 2,500   396,075
Emerson Electric Co. 3,930   361,364
Generac Holdings, Inc.(a) 380   107,304
Rockwell Automation, Inc. 726   209,974
      1,292,181
ELECTRONIC EQUIPMENT, INSTRUMENTS &
COMPONENTS (0.9%)
Amphenol Corp., Class A 4,350   346,216
CDW Corp. 770   145,569
Corning, Inc. 6,400   269,056
IPG Photonics Corp.(a) 100   15,447
Keysight Technologies, Inc.(a) 2,550   430,491
TE Connectivity Ltd. 1,950   278,869
Teledyne Technologies, Inc.(a) 151   63,636
Trimble, Inc.(a) 4,690   338,430
Zebra Technologies Corp., Class A(a) 780   397,114
      2,284,828
ENERGY EQUIPMENT & SERVICES (0.3%)
Baker Hughes Co. 6,429   176,412
Halliburton Co. 4,920   151,241
Schlumberger N.V. 9,074   354,521
      682,174
ENTERTAINMENT (1.5%)
Activision Blizzard, Inc. 5,070   400,581
Electronic Arts, Inc. 3,880   514,721
Live Nation, Inc.(a) 740   81,037
Netflix, Inc.(a) 2,610   1,114,835
Walt Disney Co. (The)(a) 10,820   1,546,936
      3,658,110
  Shares   Value
EQUITY REAL ESTATE INVESTMENT TRUSTS (3.1%)
Alexandria Real Estate Equities, Inc. 820   $159,769
American Tower Corp. 3,689   927,783
AvalonBay Communities, Inc. 819   200,024
Boston Properties, Inc. 470   52,678
Crown Castle International Corp. 4,050   739,165
Digital Realty Trust, Inc. 1,840   274,583
Duke Realty Corp. 3,580   206,852
Equinix, Inc. 893   647,336
Equity Residential 2,490   220,938
Essex Property Trust, Inc. 307   102,077
Extra Space Storage, Inc. 900   178,371
Federal Realty Investment Trust 160   20,398
Host Hotels & Resorts, Inc.(a) 6,193   107,387
Iron Mountain, Inc. 2,249   103,274
Kimco Realty Corp. 5,150   124,939
Mid-America Apartment Communities, Inc. 860   177,745
Prologis, Inc. 6,512   1,021,212
Public Storage 1,106   396,534
Realty Income Corp. 3,880   269,311
Regency Centers Corp. 750   53,813
SBA Communications Corp. 681   221,625
Simon Property Group, Inc. 1,860   273,792
UDR, Inc. 2,330   132,437
Vornado Realty Trust 825   33,833
Welltower, Inc. 5,470   473,866
Weyerhaeuser Co. 11,999   485,120
      7,604,862
FOOD & STAPLES RETAILING (1.4%)
Costco Wholesale Corp. 2,856   1,442,651
Kroger Co. (The) 5,930   258,489
Sysco Corp. 3,220   251,643
Walgreens Boots Alliance, Inc. 4,870   242,331
Walmart, Inc. 9,740   1,361,750
      3,556,864
FOOD PRODUCTS (1.4%)
Archer-Daniels-Midland Co. 4,230   317,250
Campbell Soup Co. 2,700   119,124
Conagra Brands, Inc. 4,970   172,757
General Mills, Inc. 7,060   484,881
Hershey Co. (The) 1,400   275,898
Hormel Foods Corp. 4,450   211,241
J.M. Smucker Co. (The) 1,170   164,479
Kellogg Co. 4,000   252,000
Kraft Heinz Co. (The) 6,536   233,989
 
See notes to Schedules of Portfolio Investments.
23
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED LARGE CAP ENHANCED INDEX FUND
  Shares   Value
Lamb Weston Holdings, Inc. 1,000   $64,210
McCormick & Co., Inc. 2,810   281,871
Mondelez International, Inc., Class A 11,290   756,769
Tyson Foods, Inc., Class A 2,210   200,867
      3,535,336
GAS UTILITIES (0.1%)
Atmos Energy Corp. 1,420   152,252
HEALTH CARE EQUIPMENT & SUPPLIES (3.3%)
Abbott Laboratories 12,582   1,603,702
ABIOMED, Inc.(a) 333   98,525
Align Technology, Inc.(a) 477   236,096
Baxter International, Inc. 5,040   430,618
Becton Dickinson and Co. 2,266   575,881
Boston Scientific Corp.(a) 12,567   539,124
Cooper Cos., Inc. (The) 450   179,235
DENTSPLY SIRONA, Inc. 2,670   142,631
DexCom, Inc.(a) 650   279,812
Edwards Lifesciences Corp.(a) 4,731   516,625
Hologic, Inc.(a) 2,610   183,326
IDEXX Laboratories, Inc.(a) 640   324,672
Intuitive Surgical, Inc.(a) 2,347   666,971
Medtronic PLC 9,233   955,523
ResMed, Inc. 1,090   249,174
STERIS PLC 960   215,424
Stryker Corp. 2,534   628,559
Teleflex, Inc. 387   120,044
Zimmer Holdings, Inc. 1,620   199,292
      8,145,234
HEALTH CARE PROVIDERS & SERVICES (1.7%)
AmerisourceBergen Corp. 2,110   287,382
Cardinal Health, Inc. 3,840   198,029
Cigna Corp. 3,240   746,690
CVS Health Corp. 9,527   1,014,721
DaVita, Inc.(a) 770   83,445
Henry Schein, Inc.(a) 1,630   122,739
Humana, Inc. 2,037   799,523
Laboratory Corporation of America Holdings(a) 880   238,797
McKesson Corp. 1,485   381,229
Quest Diagnostics, Inc. 1,520   205,230
      4,077,785
HEALTH CARE TECHNOLOGY (0.1%)
Cerner Corp. 3,060   279,072
HOTELS, RESTAURANTS & LEISURE (1.6%)
Booking Holdings, Inc.(a) 236   579,647
  Shares   Value
Carnival Corp.(a) 6,650   $131,736
Chipotle Mexican Grill, Inc.(a) 141   209,467
Domino's Pizza, Inc. 240   109,116
Expedia Group, Inc.(a) 845   154,880
Hilton Worldwide Holdings, Inc.(a) 1,710   248,138
Marriott International, Inc., Class A(a) 1,636   263,592
McDonald's Corp. 4,651   1,206,702
Norwegian Cruise Line Holdings Ltd.(a) 2,830   58,949
Royal Caribbean Cruises Ltd.(a) 1,110   86,369
Starbucks Corp. 7,280   715,770
Yum! Brands, Inc. 2,090   261,605
      4,025,971
HOUSEHOLD DURABLES (0.3%)
D.R. Horton, Inc. 1,096   97,785
Garmin Ltd. 960   119,443
Lennar Corp., Class A 490   47,094
Mohawk Industries, Inc.(a) 124   19,576
Newell Brands, Inc. 14,500   336,545
NVR, Inc.(a) 10   53,272
PulteGroup, Inc. 325   17,124
Whirlpool Corp. 242   50,866
      741,705
HOUSEHOLD PRODUCTS (1.7%)
Church & Dwight Co., Inc. 3,150   323,348
Clorox Co. (The) 1,220   204,789
Colgate-Palmolive Co. 8,480   699,176
Kimberly-Clark Corp. 3,370   463,880
Procter & Gamble Co. (The) 16,331   2,620,309
      4,311,502
INDEPENDENT POWER AND RENEWABLE ELECTRICITY
PRODUCERS (0.1%)
AES Corp. (The) 5,250   116,445
INDUSTRIAL CONGLOMERATES (0.7%)
3M Co. 4,074   676,366
Honeywell International, Inc. 4,182   855,135
Roper Technologies, Inc. 606   264,919
      1,796,420
INSURANCE (2.0%)
Aflac, Inc. 5,020   315,356
Allstate Corp. (The) 1,750   211,173
American International Group, Inc. 5,374   310,349
Aon PLC, Class A 1,391   384,528
Arthur J. Gallagher & Co. 1,470   232,172
Assurant, Inc. 190   28,977
 
See notes to Schedules of Portfolio Investments.
24
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED LARGE CAP ENHANCED INDEX FUND
  Shares   Value
Brown & Brown, Inc. 2,240   $148,467
Chubb Ltd. 2,601   513,125
Cincinnati Financial Corp. 822   96,856
Globe Life, Inc. 367   37,544
Hartford Financial Services Group, Inc. (The) 2,460   176,800
Lincoln National Corp. 486   34,010
Loews Corp. 880   52,501
Marsh & McLennan Cos., Inc. 3,480   534,667
MetLife, Inc. 8,940   599,516
Principal Financial Group, Inc. 1,760   128,586
Progressive Corp. (The) 4,200   456,372
Prudential Financial, Inc. 1,895   211,425
Travelers Cos., Inc. (The) 1,610   267,550
W.R. Berkley Corp. 230   19,435
Willis Towers Watson PLC 747   174,768
      4,934,177
INTERACTIVE MEDIA & SERVICES (5.7%)
Alphabet, Inc., Class A(a) 1,795   4,857,396
Alphabet, Inc., Class C(a) 1,649   4,475,337
Match Group, Inc.(a) 1,680   189,336
Meta Platforms, Inc., Class A(a) 14,028   4,394,411
Twitter, Inc.(a) 5,440   204,054
      14,120,534
INTERNET & DIRECT MARKETING RETAIL (3.3%)
Amazon.com, Inc.(a) 2,580   7,717,992
eBay, Inc. 4,170   250,492
Etsy, Inc.(a) 770   120,952
      8,089,436
IT SERVICES (4.6%)
Accenture PLC, Class A 4,677   1,653,694
Akamai Technologies, Inc.(a) 1,050   120,278
Automatic Data Processing, Inc. 3,730   769,014
Broadridge Financial Solutions, Inc. 700   111,454
Cognizant Technology Solutions Corp., Class A 3,450   294,699
DXC Technology Co.(a) 1,677   50,444
EPAM Systems, Inc.(a) 320   152,365
Fidelity National Information Services, Inc. 3,516   421,639
Fiserv, Inc.(a) 3,670   387,919
FleetCor Technologies, Inc.(a) 290   69,095
Gartner, Inc.(a) 460   135,189
Global Payments, Inc. 1,467   219,874
International Business Machines Corp. 7,406   989,219
Jack Henry & Associates, Inc. 600   100,686
Mastercard, Inc., Class A 5,152   1,990,630
  Shares   Value
Paychex, Inc. 2,320   $273,203
PayPal Holdings, Inc.(a) 6,880   1,182,947
VeriSign, Inc.(a) 642   139,430
Visa, Inc., Class A 10,134   2,292,007
      11,353,786
LEISURE PRODUCTS (0.1%)
Hasbro, Inc. 3,190   295,011
LIFE SCIENCES TOOLS & SERVICES (2.1%)
Agilent Technologies, Inc. 5,010   697,993
Bio-Rad Laboratories, Inc., Class A(a) 310   185,916
Danaher Corp. 4,830   1,380,366
Illumina, Inc.(a) 1,757   612,877
IQVIA Holdings, Inc.(a) 1,860   455,514
Mettler-Toledo International, Inc.(a) 413   608,217
PerkinElmer, Inc. 1,340   230,708
Waters Corp.(a) 1,427   456,811
West Pharmaceutical Services, Inc. 1,360   534,779
      5,163,181
MACHINERY (1.5%)
Caterpillar, Inc. 3,280   661,117
Cummins, Inc. 617   136,283
Deere & Co. 1,693   637,245
Dover Corp. 950   161,414
Fortive Corp. 2,610   184,109
IDEX Corp. 390   84,022
Illinois Tool Works, Inc. 2,004   468,776
Ingersoll Rand, Inc. 2,638   148,282
Otis Worldwide Corp. 2,903   248,003
PACCAR, Inc. 2,215   205,973
Parker-Hannifin Corp. 608   188,486
Pentair PLC 540   34,398
Snap-on, Inc. 170   35,403
Stanley Black & Decker, Inc. 812   141,816
Westinghouse Air Brake Technologies Corp. 820   72,898
Xylem, Inc. 3,310   347,616
      3,755,841
MEDIA (1.1%)
Charter Communications, Inc., Class A(a) 720   427,205
Comcast Corp., Class A 28,970   1,448,210
Discovery, Inc., Class A(a) 1,110   30,980
Discovery, Inc., Class C(a) 2,591   70,864
DISH Network Corp., Class A(a) 2,030   63,742
Fox Corp., Class A 1,670   67,819
Fox Corp., Class B 2,640   98,155
 
See notes to Schedules of Portfolio Investments.
25
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED LARGE CAP ENHANCED INDEX FUND
  Shares   Value
Interpublic Group of Cos., Inc. (The) 3,130   $111,240
News Corp., Class A 2,690   59,826
News Corp., Class B 1,680   37,363
Omnicom Group, Inc. 1,590   119,822
ViacomCBS, Inc., Class B 3,950   132,128
      2,667,354
METALS & MINING (0.4%)
Freeport-McMoRan, Inc. 9,808   365,054
Newmont Corp. 6,430   393,323
Nucor Corp. 2,090   211,926
      970,303
MULTILINE RETAIL (0.6%)
Dollar General Corp. 1,600   333,568
Dollar Tree, Inc.(a) 1,432   187,907
Target Corp. 4,100   903,763
      1,425,238
MULTI-UTILITIES (1.0%)
Ameren Corp. 2,630   233,386
CenterPoint Energy, Inc. 5,180   146,905
CMS Energy Corp. 3,130   201,509
Consolidated Edison, Inc. 3,060   264,537
Dominion Energy, Inc. 6,052   488,154
DTE Energy Co. 1,320   158,968
NiSource, Inc. 4,370   127,517
Public Service Enterprise Group, Inc. 4,276   284,482
Sempra Energy 1,860   256,978
WEC Energy Group, Inc. 3,035   294,516
      2,456,952
OIL, GAS & CONSUMABLE FUELS (2.8%)
APA Corp. 2,110   70,073
Chevron Corp. 11,483   1,508,062
ConocoPhillips 7,447   659,953
Coterra Energy, Inc. 4,790   104,901
Devon Energy Corp. 3,610   182,558
Diamondback Energy, Inc. 680   85,789
EOG Resources, Inc. 3,154   351,608
Exxon Mobil Corp. 25,830   1,962,047
Hess Corp. 1,080   99,673
Kinder Morgan, Inc. 18,540   321,854
Marathon Oil Corp. 5,800   112,926
Marathon Petroleum Corp. 3,588   257,439
Occidental Petroleum Corp. 5,383   202,778
ONEOK, Inc. 2,580   156,554
Phillips 66 2,469   209,347
Pioneer Natural Resources Co. 1,096   239,904
  Shares   Value
Valero Energy Corp. 2,360   $195,809
Williams Cos., Inc. (The) 9,900   296,406
      7,017,681
PERSONAL PRODUCTS (0.2%)
Estee Lauder Cos., Inc., (The) Class A 1,368   426,529
PHARMACEUTICALS (1.0%)
Catalent, Inc.(a) 2,000   207,860
Eli Lilly & Co. 5,480   1,344,737
Organon & Co. 3,660   116,791
Zoetis, Inc. 4,500   899,055
      2,568,443
PROFESSIONAL SERVICES (0.5%)
Equifax, Inc. 680   163,037
IHS Markit Ltd. 2,600   303,654
Jacobs Engineering Group, Inc. 620   80,712
Nielsen Holdings PLC 4,160   78,458
Robert Half International, Inc. 3,140   355,636
Verisk Analytics, Inc. 1,050   205,936
      1,187,433
REAL ESTATE MANAGEMENT & DEVELOPMENT (0.2%)
CBRE Group, Inc., Class A(a) 4,610   467,177
ROAD & RAIL (0.9%)
CSX Corp. 17,120   585,846
J.B. Hunt Transport Services, Inc. 480   92,419
Norfolk Southern Corp. 1,418   385,682
Old Dominion Freight Line, Inc. 630   190,216
Union Pacific Corp. 3,945   964,750
      2,218,913
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (5.8%)
Advanced Micro Devices, Inc.(a) 7,290   832,883
Analog Devices, Inc. 3,088   506,339
Applied Materials, Inc. 7,180   992,133
Broadcom, Inc. 2,442   1,430,719
Enphase Energy, Inc.(a) 820   115,185
Intel Corp. 29,460   1,438,237
KLA Corp. 830   323,094
Lam Research Corp. 1,216   717,343
Microchip Technology, Inc. 3,030   234,764
Micron Technology, Inc. 6,720   552,854
Monolithic Power Systems, Inc. 210   84,615
NVIDIA Corp. 15,868   3,885,439
NXP Semiconductors N.V. 1,370   281,453
Qorvo, Inc.(a) 330   45,302
 
See notes to Schedules of Portfolio Investments.
26
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED LARGE CAP ENHANCED INDEX FUND
  Shares   Value
QUALCOMM, Inc. 6,750   $1,186,380
Skyworks Solutions, Inc. 780   114,286
SolarEdge Technologies, Inc.(a) 310   73,848
Teradyne, Inc. 950   111,559
Texas Instruments, Inc. 5,590   1,003,349
Xilinx, Inc. 1,500   290,325
      14,220,107
SOFTWARE (9.5%)
Adobe, Inc.(a) 3,281   1,753,038
ANSYS, Inc.(a) 1,153   392,032
Autodesk, Inc.(a) 2,250   562,027
Cadence Design Systems, Inc.(a) 3,240   492,934
Ceridian HCM Holding, Inc.(a) 800   60,656
Citrix Systems, Inc. 630   64,222
Fortinet, Inc.(a) 840   249,682
Intuit, Inc. 2,202   1,222,616
Microsoft Corp. 45,540   14,162,029
NortonLifeLock, Inc. 15,632   406,588
Oracle Corp. 10,131   822,232
Paycom Software, Inc.(a) 240   80,472
PTC, Inc.(a) 570   66,268
salesforce.com, Inc.(a) 6,890   1,602,821
ServiceNow, Inc.(a) 1,610   943,106
Synopsys, Inc.(a) 1,570   487,485
Tyler Technologies, Inc.(a) 170   80,546
      23,448,754
SPECIALTY RETAIL (2.6%)
Advance Auto Parts, Inc. 346   80,102
AutoZone, Inc.(a) 131   260,212
Bath & Body Works, Inc. 1,710   95,880
Best Buy Co., Inc. 3,850   382,228
CarMax, Inc.(a) 760   84,489
Gap, Inc. (The) 13,590   245,571
Home Depot, Inc. (The) 7,089   2,601,521
Lowe’s Cos., Inc. 5,360   1,272,196
O'Reilly Automotive, Inc.(a) 412   268,521
Ross Stores, Inc. 1,790   174,973
TJX Cos., Inc. (The) 7,860   565,684
Tractor Supply Co. 1,860   406,057
Ulta Beauty, Inc.(a) 251   91,299
      6,528,733
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS (7.1%)
Apple, Inc. 92,524   16,171,345
  Shares   Value
Hewlett Packard Enterprise Co. 32,300   $527,459
HP, Inc. 15,140   556,092
NetApp, Inc. 1,540   133,226
Seagate Technology Holdings PLC 1,320   141,438
Western Digital Corp.(a) 1,891   97,840
      17,627,400
TEXTILES, APPAREL & LUXURY GOODS (0.7%)
NIKE, Inc., Class B 7,690   1,138,658
PVH Corp. 2,470   234,675
Tapestry, Inc. 1,650   62,617
Under Armour, Inc., Class A(a) 1,620   30,505
Under Armour, Inc., Class C(a) 1,024   16,374
VF Corp. 5,235   341,374
      1,824,203
TRADING COMPANIES & DISTRIBUTORS (0.3%)
Fastenal Co. 4,700   266,396
United Rentals, Inc.(a) 200   64,024
W.W. Grainger, Inc. 748   370,342
      700,762
WATER UTILITIES (0.1%)
American Water Works Co., Inc. 1,530   246,024
WIRELESS TELECOMMUNICATION SERVICES (0.2%)
T-Mobile U.S., Inc.(a) 4,120   445,660
TOTAL COMMON STOCKS
(COST $201,565,372) 		    243,527,982
MONEY MARKET FUND (1.4%)
Northern Institutional Treasury Portfolio (Premier Class), 0.01%(b) 3,403,848   3,403,848
TOTAL MONEY MARKET FUND
(COST $3,403,848) 		    3,403,848
TOTAL INVESTMENTS
(COST $204,969,220) 100.0% 		    246,931,830
OTHER ASSETS IN EXCESS OF LIABILITIES 0.2%     562,731
NET ASSETS 100.0%     $247,494,561
 
    
(a) Represents non-income producing security.
(b) 7-day current yield as of January 31, 2022 is disclosed.
    
MSCI — Morgan Stanley Capital International
PLC — Public Limited Company
S&P — Standard & Poor's
 
See notes to Schedules of Portfolio Investments.
27
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED SMALL-MID CAP ENHANCED INDEX FUND

The table below sets forth the diversification of the Steward Values-Focused Small-Mid Cap Enhanced Index Fund investments by Industry.

    
Industry Diversification   Percent*
Equity Real Estate Investment Trusts   8.9%
Banks   7.7
Machinery   4.8
Electronic Equipment, Instruments
& Components 		  4.4
Semiconductors & Semiconductor Equipment   3.8
Specialty Retail   3.6
Software   3.5
Insurance   3.5
Health Care Equipment & Supplies   2.9
Health Care Providers & Services   2.8
Chemicals   2.7
Oil, Gas & Consumable Fuels   2.6
Building Products   2.4
Metals & Mining   2.1
Household Durables   2.1
Textiles, Apparel & Luxury Goods   2.0
IT Services   1.9
Professional Services   1.8
Commercial Services & Supplies   1.7
Food Products   1.7
Capital Markets   1.7
Biotechnology   1.6
Hotels, Restaurants & Leisure   1.6
Road & Rail   1.5
Auto Components   1.5
Electrical Equipment   1.4
Money Market Fund   1.3
Construction & Engineering   1.2
Aerospace & Defense   1.2
Thrifts & Mortgage Finance   1.2
Communications Equipment   1.1
Leisure Products   1.1
Gas Utilities   1.1
Trading Companies & Distributors   1.0
Industry Diversification   Percent*
Life Sciences Tools & Services   1.0%
Media   0.9
Pharmaceuticals   0.9
Diversified Consumer Services   0.8
Energy Equipment & Services   0.8
Electric Utilities   0.8
Real Estate Management & Development   0.7
Multiline Retail   0.7
Consumer Finance   0.7
Containers & Packaging   0.7
Water Utilities   0.6
Food & Staples Retailing   0.6
Air Freight & Logistics   0.5
Multi-Utilities   0.5
Mortgage Real Estate Investment Trusts   0.4
Health Care Technology   0.4
Automobiles   0.4
Interactive Media & Services   0.4
Personal Products   0.4
Airlines   0.3
Paper & Forest Products   0.3
Diversified Telecommunication Services   0.3
Technology Hardware, Storage & Peripherals   0.2
Beverages   0.2
Household Products   0.2
Construction Materials   0.2
Marine   0.2
Diversified Financial Services   0.2
Entertainment   0.1
Internet & Direct Marketing Retail   0.1
Wireless Telecommunication Services   0.1
Total Investments   100.0%
    
 
* Percentages indicated are based on net assets as of January 31, 2022.
See notes to Schedules of Portfolio Investments.
28
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED SMALL-MID CAP ENHANCED INDEX FUND
  Shares   Value
COMMON STOCKS (98.7%)
AEROSPACE & DEFENSE (1.2%)
AAR Corp.(a) 2,140   $86,178
Aerojet Rocketdyne Holdings, Inc. 4,800   185,232
AeroVironment, Inc.(a) 1,460   83,103
Axon Enterprise, Inc.(a) 3,870   541,529
Curtiss-Wright Corp. 2,200   292,138
Hexcel Corp.(a) 4,970   259,285
Kaman Corp. 1,770   70,747
Mercury Systems, Inc.(a) 3,440   195,805
Moog, Inc., Class A 1,650   125,796
National Presto Industries, Inc. 230   18,918
Park Aerospace Corp. 770   10,418
Triumph Group, Inc.(a) 3,570   65,045
Woodward, Inc. 3,620   399,177
      2,333,371
AIR FREIGHT & LOGISTICS (0.5%)
Atlas Air Worldwide Holdings, Inc.(a) 1,620   130,135
Forward Air Corp. 1,560   165,828
GXO Logistics, Inc.(a) 5,900   479,139
Hub Group, Inc., Class A(a) 2,050   155,226
      930,328
AIRLINES (0.3%)
Allegiant Travel Co.(a) 866   154,720
Hawaiian Holdings, Inc.(a) 3,750   64,125
JetBlue Airways Corp.(a) 20,350   297,720
SkyWest, Inc.(a) 3,220   122,843
      639,408
AUTO COMPONENTS (1.5%)
Adient PLC(a) 5,620   235,871
American Axle & Manufacturing Holdings, Inc.(a) 7,490   60,969
Cooper-Standard Holdings, Inc.(a) 820   16,884
Dana, Inc. 9,280   201,005
Dorman Products, Inc.(a) 1,700   159,171
Fox Factory Holding Corp.(a) 2,460   327,352
Gentex Corp. 14,770   463,778
Gentherm, Inc.(a) 1,960   171,284
Goodyear Tire & Rubber Co. (The)(a) 17,412   360,951
LCI Industries 1,420   174,901
Lear Corp. 3,380   565,542
Motorcar Parts of America, Inc.(a) 1,240   20,497
Patrick Industries, Inc. 1,335   85,974
  Shares   Value
Standard Motor Products, Inc. 1,160   $55,529
Visteon Corp.(a) 1,590   161,401
      3,061,109
AUTOMOBILES (0.4%)
Harley-Davidson, Inc. 9,400   324,958
Thor Industries, Inc. 3,230   305,526
Winnebago Industries, Inc. 2,000   129,040
      759,524
BANKS (7.7%)
Allegiance Bancshares, Inc. 1,040   45,791
Ameris Bancorp 4,182   206,214
Associated Banc-Corp 9,708   232,021
Banc of California, Inc. 2,870   55,448
BancFirst Corp. 1,180   88,441
Bancorp, Inc. (The)(a) 3,340   99,599
Bank of Hawaii Corp. 2,090   179,886
Bank OZK 7,440   348,564
BankUnited, Inc. 5,330   222,527
Banner Corp. 1,760   109,314
Berkshire Hills Bancorp, Inc. 2,910   86,107
Brookline Bancorp, Inc. 6,100   104,310
Cadence Bank 12,182   379,713
Cathay General Bancorp 4,090   184,704
Central Pacific Financial Corp. 1,180   34,338
City Holding Co. 600   48,126
Columbia Banking System, Inc. 4,560   158,551
Commerce Bancshares, Inc. 6,609   455,426
Community Bank System, Inc. 3,090   220,688
Cullen/Frost Bankers, Inc. 3,090   435,721
Customers Bancorp, Inc.(a) 1,740   101,442
CVB Financial Corp. 7,580   166,987
Dime Community Bancshares, Inc., Class B 2,282   79,779
Eagle Bancorp, Inc. 1,710   102,549
East West Bancorp, Inc. 8,090   698,491
F.N.B. Corp. 22,340   288,633
FB Financial Corp. 2,273   101,194
First Bancorp 1,870   82,112
First BanCorp 13,232   192,526
First Citizens BancShares, Inc., Class A 1   670
First Commonwealth Financial Corp. 4,960   82,138
First Financial Bancorp 4,760   120,000
First Financial Bankshares, Inc. 8,050   378,269
First Hawaiian, Inc. 7,410   210,074
 
See notes to Schedules of Portfolio Investments.
29
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED SMALL-MID CAP ENHANCED INDEX FUND
  Shares   Value
First Horizon Corp. 29,630   $506,969
First Midwest Bancorp, Inc. 6,240   129,605
Fulton Financial Corp. 11,140   199,963
Glacier Bancorp, Inc. 6,540   339,622
Great Western Bancorp, Inc. 3,280   101,286
Hancock Whitney Corp. 5,019   264,602
Hanmi Financial Corp. 2,091   56,206
Heritage Financial Corp. 1,430   34,692
Hilltop Holdings, Inc. 3,990   131,790
Home Bancshares, Inc. 9,712   228,815
HomeStreet, Inc. 1,280   62,400
Hope Bancorp, Inc. 8,372   140,231
Independent Bank Corp. 2,610   220,153
Independent Bank Group, Inc. 2,090   158,673
International Bancshares Corp. 3,500   147,105
Investors Bancorp, Inc. 12,790   208,733
Lakeland Financial Corp. 1,410   112,701
Meta Financial Group, Inc. 1,960   116,542
National Bank Holdings Corp., Class A 1,950   88,530
NBT Bancorp, Inc. 2,040   78,907
Northwest Bancshares, Inc. 4,090   57,710
OFG Bancorp 2,890   79,966
Old National Bancorp 11,500   210,795
Pacific Premier Bancorp, Inc. 5,652   216,189
PacWest Bancorp 6,950   322,688
Park National Corp. 620   83,985
Pinnacle Financial Partners, Inc. 4,250   411,017
Preferred Bank 660   51,520
Prosperity Bancshares, Inc. 5,111   374,381
Renasant Corp. 3,450   126,891
S&T Bancorp, Inc. 1,690   52,069
Seacoast Banking Corp. of Florida 3,510   128,115
ServisFirst Bancshares, Inc. 2,850   241,879
Simmons First National Corp., Class A 7,060   201,916
Southside Bancshares, Inc. 1,884   78,940
Sterling Bancorp 11,859   311,773
Synovus Financial Corp. 8,672   431,519
Texas Capital Bancshares, Inc.(a) 2,880   180,576
Tompkins Financial Corp. 420   33,415
Triumph Bancorp, Inc.(a) 1,380   120,722
Trustmark Corp. 3,420   111,424
UMB Financial Corp. 2,260   222,497
Umpqua Holdings Corp. 13,870   281,284
United Bankshares, Inc. 8,243   291,225
United Community Banks, Inc. 5,632   199,316
Valley National Bancorp 19,464   270,939
Veritex Holdings, Inc. 2,803   112,540
  Shares   Value
Webster Financial Corp. 5,210   $295,980
Westamerica BanCorp 1,570   91,186
Wintrust Financial Corp. 3,180   311,863
      15,532,198
BEVERAGES (0.2%)
Celsius Holdings, Inc.(a) 2,380   113,597
Coca-Cola Consolidated, Inc. 271   155,283
National Beverage Corp. 1,500   67,005
      335,885
BIOTECHNOLOGY (1.6%)
Anika Therapeutics, Inc.(a) 870   27,666
Arrowhead Pharmaceuticals, Inc.(a) 6,300   332,388
Avid Bioservices, Inc.(a) 3,940   74,348
Coherus Biosciences, Inc.(a) 4,740   58,586
Cytokinetics, Inc.(a) 5,190   172,256
Emergent BioSolutions, Inc.(a) 3,000   140,400
Enanta Pharmaceuticals, Inc.(a) 1,200   71,304
Exelixis, Inc.(a) 19,430   351,683
Halozyme Therapeutics, Inc.(a) 8,710   301,453
iTeos Therapeutics, Inc.(a) 1,000   36,620
Ligand Pharmaceuticals, Inc.(a) 970   120,891
Myriad Genetics, Inc.(a) 4,900   128,821
Neurocrine Biosciences, Inc.(a) 5,690   449,624
Organogenesis Holdings, Inc.(a) 4,190   32,221
REGENXBIO, Inc.(a) 2,560   67,584
Spectrum Pharmaceuticals, Inc.(a) 12,140   8,514
uniQure N.V.(a) 2,070   37,364
United Therapeutics Corp.(a) 2,633   531,524
Vanda Pharmaceuticals, Inc.(a) 3,970   60,185
Vericel Corp.(a) 2,940   104,605
Xencor, Inc.(a) 3,800   130,606
      3,238,643
BUILDING PRODUCTS (2.4%)
AAON, Inc. 2,608   167,564
American Woodmark Corp.(a) 930   55,735
Apogee Enterprises, Inc. 1,580   70,547
Builders FirstSource, Inc.(a) 11,390   774,406
Carlisle Cos., Inc. 2,980   665,851
Gibraltar Industries, Inc.(a) 2,010   110,148
Griffon Corp. 3,400   76,126
Insteel Industries, Inc. 960   36,317
Lennox International, Inc. 1,929   547,103
Owens Corning 8,030   712,261
PGT Innovations, Inc.(a) 4,020   76,340
Quanex Building Products Corp. 2,335   50,879
 
See notes to Schedules of Portfolio Investments.
30
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED SMALL-MID CAP ENHANCED INDEX FUND
  Shares   Value
Resideo Technologies, Inc.(a) 8,810   $218,312
Simpson Manufacturing Co., Inc. 2,530   285,359
Trex Co., Inc.(a) 6,850   626,569
UFP Industries, Inc. 3,650   291,489
      4,765,006
CAPITAL MARKETS (1.7%)
Affiliated Managers Group, Inc. 2,290   334,821
B. Riley Financial, Inc. 1,020   62,801
Blucora, Inc.(a) 3,150   51,093
Brightsphere Investment Group, Inc. 2,520   54,382
Donnelley Financial Solutions, Inc.(a) 1,891   70,383
Evercore, Inc., Class A 2,240   279,597
Federated Hermes, Inc. 5,930   196,342
Greenhill & Co., Inc. 1,360   22,685
Interactive Brokers Group, Inc., Class A 5,360   365,498
Janus Henderson Group PLC 10,310   380,439
Jefferies Financial Group, Inc. 12,530   459,099
Piper Sandler Cos. 790   121,834
SEI Investments Co. 6,780   397,376
Stifel Financial Corp. 6,277   470,147
StoneX Group, Inc.(a) 1,040   68,234
Virtus Investment Partners, Inc. 367   96,037
WisdomTree Investments, Inc. 6,910   38,765
      3,469,533
CHEMICALS (2.7%)
AdvanSix, Inc. 1,690   71,132
American Vanguard Corp. 1,350   20,480
Ashland Global Holdings, Inc. 3,300   316,932
Avient Corp. 5,620   279,707
Balchem Corp. 1,915   281,390
Cabot Corp. 3,240   178,168
Chemours Co. (The) 9,910   324,156
Ferro Corp.(a) 4,310   93,958
FutureFuel Corp. 1,390   10,842
GCP Applied Technologies, Inc.(a) 3,440   109,736
H.B. Fuller Co. 3,080   221,052
Hawkins, Inc. 960   35,827
Ingevity Corp.(a) 2,380   156,866
Innospec, Inc. 1,260   117,130
Koppers Holdings, Inc.(a) 1,350   40,338
Kraton Corp.(a) 2,010   93,224
Livent Corp.(a) 9,970   229,410
Minerals Technologies, Inc. 1,820   127,345
NewMarket Corp. 339   114,606
Olin Corp. 8,540   432,722
Quaker Chemical Corp. 740   154,786
  Shares   Value
Rayonier Advanced Materials, Inc.(a) 4,493   $27,991
RPM International, Inc. 7,750   686,727
Scotts Miracle-Gro Co. (The) 2,350   355,320
Sensient Technologies Corp. 2,450   207,613
Stepan Co. 1,180   129,989
Tredegar Corp. 2,040   23,970
Trinseo PLC 2,230   119,394
Valvoline, Inc. 11,176   368,137
      5,328,948
COMMERCIAL SERVICES & SUPPLIES (1.7%)
ABM Industries, Inc. 4,130   172,180
Brady Corp., Class A 2,820   146,414
Brink's Co. (The) 2,940   205,153
Clean Harbors, Inc.(a) 3,000   277,650
Corecivic, Inc.(a) 7,688   77,726
Deluxe Corp. 2,730   82,173
Geo Group, Inc. (The)(a) 8,224   55,348
Harsco Corp.(a) 5,250   82,425
Healthcare Services Group, Inc. 4,472   81,346
HNI Corp. 2,680   112,399
IAA, Inc.(a) 8,460   388,568
Interface, Inc. 3,860   51,184
KAR Auction Services, Inc.(a) 7,650   108,783
Matthews International Corp., Class A 2,160   75,859
MillerKnoll, Inc. 4,660   179,969
MSA Safety, Inc. 2,150   295,410
Pitney Bowes, Inc. 11,310   69,670
Stericycle, Inc.(a) 5,680   333,643
Tetra Tech, Inc. 3,170   441,232
U.S. Ecology, Inc.(a) 1,990   56,874
UniFirst Corp. 800   152,072
Viad Corp.(a) 1,420   53,491
      3,499,569
COMMUNICATIONS EQUIPMENT (1.1%)
ADTRAN, Inc. 2,480   47,641
CalAmp Corp.(a) 4,110   24,413
Calix, Inc.(a) 3,320   166,930
Ciena Corp.(a) 9,410   623,977
Comtech Telecommunications Corp. 1,710   34,764
Digi International, Inc.(a) 2,130   47,584
Extreme Networks, Inc.(a) 8,160   103,550
Harmonic, Inc.(a) 6,990   75,212
Lumentum Holdings, Inc.(a) 4,265   432,812
NETGEAR, Inc.(a) 1,810   50,083
NetScout Systems, Inc.(a) 4,450   140,398
Plantronics, Inc.(a) 2,730   72,755
 
See notes to Schedules of Portfolio Investments.
31
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED SMALL-MID CAP ENHANCED INDEX FUND
  Shares   Value
ViaSat, Inc.(a) 4,330   $190,607
Viavi Solutions, Inc.(a) 15,250   251,015
      2,261,741
CONSTRUCTION & ENGINEERING (1.2%)
AECOM 8,522   589,126
Arcosa, Inc. 2,773   129,388
Comfort Systems USA, Inc. 2,140   192,129
Dycom Industries, Inc.(a) 1,720   144,979
EMCOR Group, Inc. 3,050   363,591
Fluor Corp.(a) 8,500   178,840
Granite Construction, Inc. 2,780   100,024
MasTec, Inc.(a) 3,340   287,674
MYR Group, Inc.(a) 900   84,627
NV5 Global, Inc.(a) 720   75,305
Valmont Industries, Inc. 1,140   247,642
      2,393,325
CONSTRUCTION MATERIALS (0.2%)
Eagle Materials, Inc. 2,270   331,080
CONSUMER FINANCE (0.7%)
Encore Capital Group, Inc.(a) 1,520   98,040
Enova International, Inc.(a) 2,333   93,973
EZCORP, Inc., Class A(a) 4,470   26,686
FirstCash Holdings, Inc. 2,508   174,808
Green Dot Corp., Class A(a) 3,400   107,814
LendingTree, Inc.(a) 662   80,658
Navient Corp. 9,950   173,429
PRA Group, Inc.(a) 2,770   128,805
PROG Holdings, Inc.(a) 3,630   144,510
SLM Corp. 18,200   333,788
World Acceptance Corp.(a) 230   43,465
      1,405,976
CONTAINERS & PACKAGING (0.7%)
AptarGroup, Inc. 5,420   635,766
Greif, Inc., Class A 1,570   92,881
Myers Industries, Inc. 1,870   33,791
O-I Glass, Inc.(a) 9,590   127,643
Silgan Holdings, Inc. 5,620   251,664
Sonoco Products Co. 5,980   338,707
      1,480,452
DIVERSIFIED CONSUMER SERVICES (0.8%)
Adtalem Global Education, Inc.(a) 3,560   104,735
American Public Education, Inc.(a) 1,300   27,807
Graham Holdings Co., Class B 217   129,141
Grand Canyon Education, Inc.(a) 2,540   212,547
  Shares   Value
H&R Block, Inc. 11,760   $268,834
Perdoceo Education Corp.(a) 5,420   59,728
Service Corp. International 10,170   627,693
Strategic Education, Inc. 1,449   86,447
WW International, Inc.(a) 3,710   46,746
      1,563,678
DIVERSIFIED FINANCIAL SERVICES (0.2%)
Voya Financial, Inc. 6,540   444,458
DIVERSIFIED TELECOMMUNICATION SERVICES (0.3%)
ATN International, Inc. 680   26,982
Cogent Communications Holdings, Inc. 2,710   172,383
Consolidated Communications Holdings, Inc.(a) 6,340   45,585
Iridium Communications, Inc.(a) 8,200   294,216
      539,166
ELECTRIC UTILITIES (0.8%)
ALLETE, Inc. 3,370   215,107
Hawaiian Electric Industries, Inc. 6,820   289,850
IDACORP, Inc. 3,120   343,887
OGE Energy Corp. 12,900   489,168
PNM Resources, Inc. 5,510   246,903
      1,584,915
ELECTRICAL EQUIPMENT (1.4%)
Acuity Brands, Inc. 1,990   381,145
AZZ, Inc. 1,470   69,943
Encore Wire Corp. 1,110   125,086
EnerSys 2,310   173,088
Hubbell, Inc. 3,040   569,361
nVent Electric PLC 9,720   336,215
Powell Industries, Inc. 740   22,096
Regal Rexnord Corp. 3,900   618,072
Sunrun, Inc.(a) 12,460   323,088
Vicor Corp.(a) 1,310   123,572
      2,741,666
ELECTRONIC EQUIPMENT, INSTRUMENTS &
COMPONENTS (4.4%)
Advanced Energy Industries, Inc. 2,180   187,872
Arlo Technologies, Inc.(a) 5,581   48,499
Arrow Electronics, Inc.(a) 3,950   489,800
Avnet, Inc. 11,350   458,086
Badger Meter, Inc. 3,800   384,446
Belden, Inc. 2,690   150,506
Benchmark Electronics, Inc. 2,340   56,488
Cognex Corp. 13,460   894,552
 
See notes to Schedules of Portfolio Investments.
32
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED SMALL-MID CAP ENHANCED INDEX FUND
  Shares   Value
Coherent, Inc.(a) 2,204   $569,690
CTS Corp. 7,800   261,690
ePlus, Inc.(a) 1,520   69,874
Fabrinet(a) 2,170   245,557
FARO Technologies, Inc.(a) 1,130   61,370
II-VI, Inc.(a) 6,311   400,117
Insight Enterprises, Inc.(a) 4,120   387,898
Itron, Inc.(a) 6,000   372,000
Jabil, Inc. 8,690   534,348
Knowles Corp.(a) 5,710   121,109
Littelfuse, Inc. 1,305   352,311
Methode Electronics, Inc. 6,790   298,964
National Instruments Corp. 13,265   546,783
OSI Systems, Inc.(a) 3,320   275,361
PC Connection, Inc. 730   31,646
Plexus Corp.(a) 3,910   303,103
Rogers Corp.(a) 1,100   300,245
Sanmina Corp.(a) 3,930   148,633
ScanSource, Inc.(a) 1,530   47,705
TD SYNNEX Corp. 2,498   261,216
TTM Technologies, Inc.(a) 7,740   104,180
Vishay Intertechnology, Inc. 8,280   171,479
Vontier Corp. 10,470   294,312
      8,829,840
ENERGY EQUIPMENT & SERVICES (0.8%)
Archrock, Inc. 10,770   90,899
Bristow Group, Inc.(a) 1,440   47,304
ChampionX Corp.(a) 12,220   273,728
Core Laboratories N.V. 2,630   70,142
DMC Global, Inc.(a) 1,040   41,954
Dril-Quip, Inc.(a) 1,350   34,142
Helix Energy Solutions Group, Inc.(a) 12,550   44,301
Helmerich & Payne, Inc. 5,890   169,043
Nabors Industries Ltd.(a) 338   34,986
NOV, Inc. 21,080   346,134
Oceaneering International, Inc.(a) 5,950   77,528
Oil States International, Inc.(a) 5,450   34,172
Patterson-UTI Energy, Inc. 13,040   129,878
ProPetro Holding Corp.(a) 6,670   70,102
RPC, Inc.(a) 9,800   57,918
U.S. Silica Holdings, Inc.(a) 4,660   44,503
      1,566,734
ENTERTAINMENT (0.1%)
Cinemark Holdings, Inc.(a) 6,810   102,831
  Shares   Value
Marcus Corp. (The)(a) 1,710   $28,813
World Wrestling Entertainment, Inc., Class A 2,870   143,328
      274,972
EQUITY REAL ESTATE INVESTMENT TRUSTS (8.9%)
Acadia Realty Trust 5,897   116,702
Agree Realty Corp. 4,770   311,863
Alexander & Baldwin, Inc. 4,923   112,983
American Assets Trust, Inc. 3,540   127,334
American Campus Communities, Inc. 9,030   471,908
Apartment Income REIT Corp. 9,980   527,144
Armada Hoffler Properties, Inc. 4,940   69,308
Brandywine Realty Trust 8,970   115,354
Brixmor Property Group, Inc. 19,130   485,137
Camden Property Trust 6,250   1,000,562
CareTrust REIT, Inc. 5,808   123,188
Centerspace 940   89,657
Chatham Lodging Trust(a) 2,050   27,203
Corporate Office Properties Trust 7,210   182,125
CyrusOne, Inc. 7,700   691,845
DiamondRock Hospitality Co.(a) 14,060   131,461
Diversified Healthcare Trust 20,840   63,562
Douglas Emmett, Inc. 11,530   359,967
Easterly Government Properties, Inc. 5,040   105,689
EastGroup Properties, Inc. 2,500   499,775
EPR Properties 4,610   202,702
Essential Properties Realty Trust, Inc. 7,610   202,045
First Industrial Realty Trust, Inc. 8,570   520,885
Four Corners Property Trust, Inc. 5,927   160,444
Franklin Street Properties Corp. 3,260   18,093
Getty Realty Corp. 2,470   73,285
Global Net Lease, Inc. 5,720   82,025
Healthcare Realty Trust, Inc. 10,150   314,853
Hersha Hospitality Trust(a) 2,750   24,805
Highwoods Properties, Inc. 7,270   313,482
Hudson Pacific Properties, Inc. 9,340   220,704
Independence Realty Trust, Inc. 6,360   146,216
Industrial Logistics Properties Trust 4,080   93,554
Innovative Industrial Properties, Inc. 1,470   291,339
iStar, Inc. 4,860   104,344
JBG Smith Properties 7,540   206,596
Kilroy Realty Corp. 9,720   622,080
Kite Realty Group Trust 13,285   277,391
Lamar Advertising Co., Class A 5,180   573,737
Life Storage, Inc. 5,110   689,594
 
See notes to Schedules of Portfolio Investments.
33
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED SMALL-MID CAP ENHANCED INDEX FUND
  Shares   Value
LTC Properties, Inc. 2,760   $99,553
LXP Industrial Trust 15,915   236,974
Macerich Co. (The) 25,299   418,445
National Retail Properties, Inc. 11,410   506,376
National Storage Affiliates Trust 5,340   328,730
NexPoint Residential Trust, Inc. 1,580   125,294
Office Properties Income Trust 3,047   77,638
Omega Healthcare Investors, Inc. 15,226   479,314
Orion Office REIT, Inc.(a) 3,380   56,243
Park Hotels & Resorts, Inc.(a) 14,674   267,067
Pebblebrook Hotel Trust 8,486   183,722
PotlatchDeltic Corp. 4,352   234,094
PS Business Parks, Inc. 1,290   215,378
Rayonier, Inc. 8,920   325,937
Retail Opportunity Investments Corp. 8,910   165,102
Rexford Industrial Realty, Inc. 9,670   707,554
RPT Realty 4,060   51,237
Sabra Health Care REIT, Inc. 12,749   173,514
Safehold, Inc. 970   60,043
Saul Centers, Inc. 970   47,899
Service Properties Trust 8,860   75,753
SITE Centers Corp. 11,650   172,536
SL Green Realty Corp. 3,980   288,658
Spirit Realty Capital, Inc. 8,000   379,680
STORE Capital Corp. 16,090   510,214
Summit Hotel Properties, Inc.(a) 8,030   75,643
Tanger Factory Outlet Centers, Inc. 6,800   115,668
Uniti Group, Inc. 15,294   184,446
Urban Edge Properties 6,590   120,202
Urstadt Biddle Properties, Inc., Class A 2,370   46,665
Veris Residential, Inc.(a) 5,020   82,830
Washington Real Estate Investment Trust 5,140   126,547
Whitestone REIT 1,040   10,618
Xenia Hotels & Resorts, Inc.(a) 7,450   129,183
      17,829,698
FOOD & STAPLES RETAILING (0.6%)
Andersons, Inc. (The) 2,005   76,391
BJ's Wholesale Club Holdings, Inc.(a) 8,270   508,357
Chefs' Warehouse, Inc. (The)(a) 2,200   65,648
Grocery Outlet Holding Corp.(a) 5,650   143,397
PriceSmart, Inc. 1,540   109,971
SpartanNash Co. 2,424   59,558
Sprouts Farmers Market, Inc.(a) 7,460   202,464
United Natural Foods, Inc.(a) 3,500   135,730
      1,301,516
  Shares   Value
FOOD PRODUCTS (1.7%)
B&G Foods, Inc. 4,180   $129,998
Calavo Growers, Inc. 1,180   48,864
Cal-Maine Foods, Inc. 2,600   101,400
Darling Ingredients, Inc.(a) 9,630   614,105
Flowers Foods, Inc. 12,403   348,897
Fresh Del Monte Produce, Inc. 2,440   67,905
Hain Celestial Group, Inc. (The)(a) 5,670   207,125
Ingredion, Inc. 3,910   370,277
J & J Snack Foods Corp. 880   133,487
John B. Sanfilippo & Son, Inc. 500   39,550
Lancaster Colony Corp. 1,170   185,761
Pilgrim's Pride Corp.(a) 3,660   102,370
Post Holdings, Inc.(a) 3,485   368,783
Sanderson Farms, Inc. 1,240   228,160
Seneca Foods Corp., Class A(a) 440   20,570
Simply Good Foods Co. (The)(a) 5,330   187,776
Tootsie Roll Industries, Inc. 1,015   34,459
TreeHouse Foods, Inc.(a) 3,630   140,590
      3,330,077
GAS UTILITIES (1.1%)
Chesapeake Utilities Corp. 990   134,848
National Fuel Gas Co. 5,420   329,156
New Jersey Resources Corp. 6,230   250,508
Northwest Natural Holding Co. 1,440   68,170
ONE Gas, Inc. 3,390   264,047
South Jersey Industries, Inc. 6,750   168,885
Southwest Gas Holdings, Inc. 3,500   238,630
Spire, Inc. 3,350   220,832
UGI Corp. 12,880   584,108
      2,259,184
HEALTH CARE EQUIPMENT & SUPPLIES (2.9%)
AngioDynamics, Inc.(a) 2,440   52,777
Artivion, Inc.(a) 2,660   47,348
Avanos Medical, Inc.(a) 3,140   95,016
BioLife Solutions, Inc.(a) 1,960   58,486
Cardiovascular Systems, Inc.(a) 2,550   44,804
CONMED Corp. 1,760   242,141
Cutera, Inc.(a) 1,020   37,138
Envista Holdings Corp.(a) 10,070   435,427
Glaukos Corp.(a) 2,840   151,202
Globus Medical, Inc., Class A(a) 4,900   326,977
Haemonetics Corp.(a) 3,150   152,303
Heska Corp.(a) 630   86,675
 
See notes to Schedules of Portfolio Investments.
34
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED SMALL-MID CAP ENHANCED INDEX FUND
  Shares   Value
ICU Medical, Inc.(a) 1,194   $254,752
Inogen, Inc.(a) 1,300   38,649
Integer Holdings Corp.(a) 2,010   157,604
Integra LifeSciences Holdings Corp.(a) 4,790   310,105
Lantheus Holdings, Inc.(a) 4,285   108,882
LeMaitre Vascular, Inc. 1,310   55,426
LivaNova PLC(a) 3,180   238,850
Masimo Corp.(a) 3,020   664,007
Meridian Bioscience, Inc.(a) 2,800   58,380
Merit Medical Systems, Inc.(a) 3,325   184,371
Mesa Laboratories, Inc. 300   85,299
Natus Medical, Inc.(a) 2,130   49,075
Neogen Corp.(a) 6,678   243,547
NuVasive, Inc.(a) 3,220   167,472
OraSure Technologies, Inc.(a) 3,830   33,896
Orthofix Medical, Inc.(a) 1,110   33,744
Penumbra, Inc.(a) 2,070   467,841
Quidel Corp.(a) 2,290   236,694
STAAR Surgical Co.(a) 2,870   208,706
Surmodics, Inc.(a) 870   39,742
Tactile Systems Technology, Inc.(a) 1,420   22,393
Tandem Diabetes Care, Inc.(a) 3,850   454,723
Varex Imaging Corp.(a) 2,360   61,596
Zynex, Inc. 2,013   15,943
      5,921,991
HEALTH CARE PROVIDERS & SERVICES (2.8%)
Acadia Healthcare Co., Inc.(a) 5,600   294,840
Addus HomeCare Corp.(a) 1,040   83,023
Amedisys, Inc.(a) 1,949   263,310
AMN Healthcare Services, Inc.(a) 2,860   289,833
Apollo Medical Holdings, Inc.(a) 2,330   119,948
Chemed Corp. 901   422,488
CorVel Corp.(a) 620   109,194
Covetrus, Inc.(a) 6,590   119,081
Cross Country Healthcare, Inc.(a) 2,380   51,194
Encompass Health Corp. 6,370   395,195
Ensign Group, Inc. (The) 3,320   250,428
Fulgent Genetics, Inc.(a) 1,210   77,283
Hanger, Inc.(a) 2,770   50,220
HealthEquity, Inc.(a) 5,030   268,803
Joint Corp. (The)(a) 940   50,798
LHC Group, Inc.(a) 1,920   238,272
ModivCare, Inc.(a) 760   88,107
Molina Healthcare, Inc.(a) 3,465   1,006,513
Option Care Health, Inc.(a) 9,030   211,031
Owens & Minor, Inc. 4,565   192,141
  Shares   Value
Patterson Cos., Inc. 5,780   $165,828
Pennant Group, Inc. (The)(a) 1,955   32,492
Progyny, Inc.(a) 4,350   176,175
R1 RCM, Inc.(a) 9,020   214,496
RadNet, Inc.(a) 3,160   81,370
Select Medical Holdings Corp. 7,470   173,528
Tivity Health, Inc.(a) 2,553   64,948
U.S. Physical Therapy, Inc. 820   79,351
      5,569,890
HEALTH CARE TECHNOLOGY (0.4%)
Allscripts Healthcare Solutions, Inc.(a) 7,896   159,657
Computer Programs and Systems, Inc.(a) 890   25,205
HealthStream, Inc.(a) 1,710   41,638
NextGen Healthcare, Inc.(a) 4,380   84,578
Omnicell, Inc.(a) 2,640   396,370
OptimizeRx Corp.(a) 1,210   54,365
Simulations Plus, Inc. 1,100   46,772
Tabula Rasa HealthCare, Inc.(a) 1,710   18,451
      827,036
HOTELS, RESTAURANTS & LEISURE (1.6%)
Choice Hotels International, Inc. 2,220   318,348
Cracker Barrel Old Country Store, Inc. 1,510   179,901
Dine Brands Global, Inc. 1,190   80,742
El Pollo Loco Holdings, Inc.(a) 2,780   37,085
Fiesta Restaurant Group, Inc.(a) 1,990   18,845
Jack in the Box, Inc. 1,460   132,933
Marriott Vacations Worldwide Corp. 2,576   418,291
Papa John's International, Inc. 2,090   258,010
Shake Shack, Inc., Class A(a) 2,540   167,818
Six Flags Entertainment Corp.(a) 5,240   206,928
Travel + Leisure Co. 5,660   321,488
Wendy's Co. (The) 13,320   306,760
Wingstop, Inc. 1,860   285,045
Wyndham Hotels & Resorts, Inc. 6,010   504,539
      3,236,733
HOUSEHOLD DURABLES (2.1%)
Cavco Industries, Inc.(a) 490   132,026
Century Communities, Inc. 1,870   123,140
Ethan Allen Interiors, Inc. 1,690   42,605
Helen of Troy Ltd.(a) 1,410   295,155
Installed Building Products, Inc. 1,490   165,077
iRobot Corp.(a) 1,660   108,763
KB Home 5,740   242,515
La-Z-Boy, Inc. 2,770   101,687
 
See notes to Schedules of Portfolio Investments.
35
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED SMALL-MID CAP ENHANCED INDEX FUND
  Shares   Value
Leggett & Platt, Inc. 8,050   $320,793
LGI Homes, Inc.(a) 1,310   163,108
M.D.C Holdings, Inc. 4,213   213,557
M/I Homes, Inc.(a) 1,960   103,860
Meritage Homes Corp.(a) 2,240   228,547
Taylor Morrison Home Corp.(a) 8,022   246,195
Tempur Sealy International, Inc. 11,940   475,331
Toll Brothers, Inc. 7,340   432,840
TopBuild Corp.(a) 1,960   455,994
Tri Pointe Homes, Inc.(a) 7,910   188,337
Tupperware Brands Corp.(a) 3,130   48,265
Universal Electronics, Inc.(a) 870   30,876
      4,118,671
HOUSEHOLD PRODUCTS (0.2%)
Central Garden & Pet Co.(a) 490   22,731
Central Garden & Pet Co., Class A(a) 2,790   120,891
Energizer Holdings, Inc. 4,160   156,457
WD-40 Co. 792   176,030
      476,109
INSURANCE (3.5%)
Alleghany Corp.(a) 737   489,368
Ambac Financial Group, Inc.(a) 3,130   44,352
American Equity Investment Life Holding Co. 5,410   222,567
American Financial Group, Inc. 3,890   506,789
AMERISAFE, Inc. 960   50,419
Assured Guaranty Ltd. 4,160   221,686
Brighthouse Financial, Inc.(a) 4,680   254,826
CNO Financial Group, Inc. 8,370   208,748
eHealth, Inc.(a) 1,790   39,112
Employers Holdings, Inc. 1,790   69,989
First American Financial Corp. 6,550   488,040
Genworth Financial, Inc., Class A(a) 32,420   126,438
Hanover Insurance Group, Inc. (The) 1,950   269,022
HCI Group, Inc. 520   35,292
Horace Mann Educators Corp. 2,710   103,007
James River Group Holdings Ltd. 2,340   66,269
Kemper Corp. 3,592   215,448
Kinsale Capital Group, Inc. 1,300   260,416
Mercury General Corp. 1,810   98,935
Old Republic International Corp. 18,870   483,638
Palomar Holdings, Inc.(a) 1,510   79,653
Primerica, Inc. 2,250   347,265
ProAssurance Corp. 3,130   74,995
Reinsurance Group of America, Inc. 3,860   443,244
RenaissanceRe Holdings Ltd. 2,670   419,644
  Shares   Value
RLI Corp. 2,410   $252,520
Safety Insurance Group, Inc. 850   69,981
Selective Insurance Group, Inc. 3,610   284,829
Selectquote, Inc.(a) 7,030   51,952
SiriusPoint Ltd.(a) 12,150   102,910
Stewart Information Services Corp. 1,620   115,717
Trupanion, Inc.(a) 2,050   195,262
United Fire Group, Inc. 1,750   43,645
Universal Insurance Holdings, Inc. 2,360   40,686
Unum Group 12,610   320,042
      7,096,706
INTERACTIVE MEDIA & SERVICES (0.4%)
Cars.com, Inc.(a) 3,830   59,671
QuinStreet, Inc.(a) 3,500   56,315
TripAdvisor, Inc.(a) 6,380   173,217
Yelp, Inc.(a) 4,470   154,394
Ziff Davis, Inc.(a) 2,860   300,472
      744,069
INTERNET & DIRECT MARKETING RETAIL (0.1%)
Liquidity Services, Inc.(a) 1,830   34,825
PetMed Express, Inc. 1,470   37,970
Shutterstock, Inc. 1,410   136,728
      209,523
IT SERVICES (1.9%)
Alliance Data Systems Corp. 2,880   198,835
Concentrix Corp. 2,548   512,122
CSG Systems International, Inc. 2,130   120,920
EVERTEC, Inc. 4,250   185,470
ExlService Holdings, Inc.(a) 2,000   241,040
Genpact Ltd. 11,100   552,225
Kyndryl Holdings, Inc.(a) 11,070   186,862
LiveRamp Holdings, Inc.(a) 4,220   188,423
MAXIMUS, Inc. 3,800   293,816
Perficient, Inc.(a) 1,980   207,544
Sabre Corp.(a) 18,980   173,667
TTEC Holdings, Inc. 1,230   98,511
Unisys Corp.(a) 4,120   75,190
Western Union Co. (The) 23,700   448,167
WEX, Inc.(a) 2,602   418,870
      3,901,662
LEISURE PRODUCTS (1.1%)
Brunswick Corp. 4,500   408,555
Callaway Golf Co.(a) 7,640   182,290
Mattel, Inc.(a) 21,560   451,035
 
See notes to Schedules of Portfolio Investments.
36
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED SMALL-MID CAP ENHANCED INDEX FUND
  Shares   Value
Polaris, Inc. 3,330   $374,925
Sturm Ruger & Co., Inc. 1,100   73,953
Vista Outdoor, Inc.(a) 3,530   136,187
YETI Holdings, Inc.(a) 8,060   528,575
      2,155,520
LIFE SCIENCES TOOLS & SERVICES (1.0%)
Bruker Corp. 6,250   416,250
Medpace Holdings, Inc.(a) 1,710   303,457
NeoGenomics, Inc.(a) 7,740   174,460
Repligen Corp.(a) 3,050   604,937
Syneos Health, Inc.(a) 6,240   565,094
      2,064,198
MACHINERY (4.8%)
AGCO Corp. 3,510   411,372
Alamo Group, Inc. 370   52,114
Albany International Corp., Class A 1,870   156,538
Astec Industries, Inc. 1,290   81,644
Barnes Group, Inc. 2,990   135,058
Chart Industries, Inc.(a) 2,080   253,490
CIRCOR International, Inc.(a) 1,050   29,158
Colfax Corp.(a) 8,230   338,418
Crane Co. 2,870   297,074
Donaldson Co., Inc. 7,660   426,356
Enerpac Tool Group Corp. 3,220   57,477
EnPro Industries, Inc. 1,120   117,622
ESCO Technologies, Inc. 1,470   117,277
Federal Signal Corp. 3,710   144,764
Flowserve Corp. 8,180   266,832
Franklin Electric Co., Inc. 2,340   203,112
Graco, Inc. 10,330   749,545
Greenbrier Cos., Inc. (The) 2,060   83,142
Hillenbrand, Inc. 4,550   211,484
ITT, Inc. 5,020   461,438
John Bean Technologies Corp. 1,805   243,675
Kennametal, Inc. 5,110   176,653
Lincoln Electric Holdings, Inc. 3,390   433,377
Lindsay Corp. 540   68,175
Meritor, Inc.(a) 4,300   99,115
Middleby Corp. (The)(a) 3,240   600,048
Mueller Industries, Inc. 3,460   178,744
Nordson Corp. 3,120   725,525
Oshkosh Corp. 3,860   439,306
Proto Labs, Inc.(a) 1,640   82,295
SPX Corp.(a) 2,730   142,451
SPX FLOW, Inc. 2,570   221,534
Standex International Corp. 600   59,610
  Shares   Value
Tennant Co. 980   $75,627
Terex Corp. 4,240   176,893
Timken Co. (The) 4,270   285,236
Titan International, Inc.(a) 3,580   34,905
Toro Co. (The) 6,270   605,556
Trinity Industries, Inc. 5,430   156,004
Wabash National Corp. 3,350   65,727
Watts Water Technologies, Inc., Class A 1,560   239,008
      9,703,379
MARINE (0.2%)
Kirby Corp.(a) 3,490   227,478
Matson, Inc. 2,470   241,220
      468,698
MEDIA (0.9%)
AMC Networks, Inc., Class A(a) 1,770   75,455
Cable One, Inc. 284   438,703
EW Scripps Co. (The), Class A(a) 4,230   86,715
Gannett Co., Inc.(a) 9,232   44,868
John Wiley & Sons, Inc., Class A 2,810   142,608
Loyalty Ventures, Inc.(a) 1,512   44,317
New York Times Co. (The), Class A 10,350   414,310
Scholastic Corp. 2,000   82,040
TechTarget, Inc.(a) 1,660   137,680
TEGNA, Inc. 13,970   270,459
Thryv Holdings, Inc.(a) 1,120   36,322
      1,773,477
METALS & MINING (2.1%)
Alcoa Corp. 10,960   621,542
Allegheny Technologies, Inc.(a) 7,680   140,467
Arconic Corp.(a) 6,430   198,880
Carpenter Technology Corp. 2,900   83,288
Century Aluminum Co.(a) 3,330   51,082
Cleveland-Cliffs, Inc.(a) 27,858   477,486
Commercial Metals Co. 7,210   241,102
Compass Minerals International, Inc. 2,030   108,402
Haynes International, Inc. 650   24,453
Kaiser Aluminum Corp. 750   71,812
Materion Corp. 1,200   99,420
Olympic Steel, Inc. 700   14,903
Reliance Steel & Aluminum Co. 3,440   525,907
Royal Gold, Inc. 3,820   387,921
Steel Dynamics, Inc. 11,180   620,714
SunCoke Energy, Inc. 6,340   43,429
TimkenSteel Corp.(a) 2,885   40,477
United States Steel Corp. 16,490   341,673
 
See notes to Schedules of Portfolio Investments.
37
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED SMALL-MID CAP ENHANCED INDEX FUND
  Shares   Value
Warrior Met Coal, Inc. 3,140   $82,268
Worthington Industries, Inc. 2,010   108,902
      4,284,128
MORTGAGE REAL ESTATE INVESTMENT TRUSTS (0.4%)
Apollo Commercial Real Estate Finance, Inc. 9,200   125,580
Armour Residential REIT, Inc. 3,580   33,580
Ellington Financial, Inc. 2,800   49,756
Franklin BSP Realty Trust, Inc. 2,986   40,221
Granite Point Mortgage Trust, Inc. 3,550   42,955
Invesco Mortgage Capital, Inc. 14,479   38,804
KKR Real Estate Finance Trust, Inc. 3,250   69,355
New York Mortgage Trust, Inc. 22,570   84,638
Pennymac Mortgage Investment Trust 6,300   112,266
Ready Capital Corp. 4,730   67,355
Redwood Trust, Inc. 7,420   91,489
Two Harbors Investment Corp. 16,750   96,312
      852,311
MULTILINE RETAIL (0.7%)
Big Lots, Inc. 2,030   85,077
Kohl's Corp. 8,850   528,434
Macy's, Inc. 18,840   482,304
Nordstrom, Inc.(a) 7,120   160,200
Ollie's Bargain Outlet Holdings, Inc.(a) 3,760   180,254
      1,436,269
MULTI-UTILITIES (0.5%)
Avista Corp. 4,270   189,844
Black Hills Corp. 4,180   283,153
MDU Resources Group, Inc. 12,060   354,203
NorthWestern Corp. 3,460   201,095
Unitil Corp. 900   42,246
      1,070,541
OIL, GAS & CONSUMABLE FUELS (2.6%)
Antero Midstream Corp. 20,950   208,453
Callon Petroleum Co.(a) 2,735   135,218
Civitas Resources, Inc. 4,160   226,720
CNX Resources Corp.(a) 13,210   195,904
CONSOL Energy, Inc.(a) 2,177   47,328
Dorian LPG Ltd. 1,410   16,765
DT Midstream, Inc. 5,990   309,683
EQT Corp.(a) 18,320   389,300
Equitrans Midstream Corp. 24,280   196,911
Green Plains, Inc.(a) 3,320   101,393
HollyFrontier Corp. 9,240   324,878
  Shares   Value
Laredo Petroleum, Inc.(a) 827   $55,541
Matador Resources Co. 6,410   286,976
Murphy Oil Corp. 8,700   274,920
Par Pacific Holdings, Inc.(a) 3,510   49,491
PBF Energy, Inc., Class A(a) 6,400   101,376
PDC Energy, Inc. 5,438   322,310
Range Resources Corp.(a) 15,170   292,023
Ranger Oil Corp., Class A(a) 1,380   42,794
Renewable Energy Group, Inc.(a) 3,000   120,780
REX American Resources Corp.(a) 220   21,215
SM Energy Co. 7,100   232,951
Southwestern Energy Co.(a) 57,540   253,176
Talos Energy, Inc.(a) 3,750   39,900
Targa Resources Corp. 13,480   796,398
World Fuel Services Corp. 3,790   106,916
      5,149,320
PAPER & FOREST PRODUCTS (0.3%)
Clearwater Paper Corp.(a) 1,050   33,201
Glatfelter Corp. 3,040   52,774
Louisiana-Pacific Corp. 5,220   346,817
Mercer International, Inc. 4,510   54,797
Neenah, Inc. 950   43,795
Sylvamo Corp.(a) 2,360   70,304
      601,688
PERSONAL PRODUCTS (0.4%)
Coty, Inc., Class A(a) 20,900   177,232
Edgewell Personal Care Co. 3,380   154,804
elf Beauty, Inc.(a) 2,700   79,812
Inter Parfums, Inc. 1,130   111,836
Medifast, Inc. 690   137,110
Nu Skin Enterprises, Inc., Class A 3,130   150,835
USANA Health Sciences, Inc.(a) 700   66,906
      878,535
PHARMACEUTICALS (0.9%)
Amphastar Pharmaceuticals, Inc.(a) 3,210   74,119
ANI Pharmaceuticals, Inc.(a) 800   32,336
Cara Therapeutics, Inc.(a) 2,880   33,350
Collegium Pharmaceutical, Inc.(a) 2,440   43,554
Harmony Biosciences Holdings, Inc.(a) 1,420   50,921
Innoviva, Inc.(a) 4,480   71,814
Jazz Pharmaceuticals PLC(a) 3,590   498,687
Nektar Therapeutics(a) 10,740   119,429
Pacira BioSciences, Inc.(a) 2,760   173,245
Perrigo Co. PLC 8,320   316,743
 
See notes to Schedules of Portfolio Investments.
38
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED SMALL-MID CAP ENHANCED INDEX FUND
  Shares   Value
Phibro Animal Health Corp., Class A 1,400   $27,020
Prestige Consumer Healthcare, Inc.(a) 3,180   179,511
Supernus Pharmaceuticals, Inc.(a) 3,490   107,667
      1,728,396
PROFESSIONAL SERVICES (1.8%)
ASGN, Inc.(a) 3,030   348,056
CACI International, Inc., Class A(a) 1,337   330,854
Exponent, Inc. 3,100   294,438
Forrester Research, Inc.(a) 780   42,916
FTI Consulting, Inc.(a) 2,040   297,453
Heidrick & Struggles International, Inc. 1,020   44,645
Insperity, Inc. 2,160   232,265
KBR, Inc. 8,760   380,184
Kelly Services, Inc., Class A 14,440   246,635
Korn Ferry 3,280   217,726
ManpowerGroup, Inc. 5,030   527,496
ManTech International Corp., Class A 1,680   121,363
Resources Connection, Inc. 2,440   42,529
Science Applications International Corp. 3,464   284,152
TrueBlue, Inc.(a) 9,980   265,468
      3,676,180
REAL ESTATE MANAGEMENT & DEVELOPMENT (0.7%)
Douglas Elliman, Inc.(a) 2,230   17,305
Jones Lang LaSalle, Inc.(a) 3,758   942,469
Marcus & Millichap, Inc.(a) 1,880   88,003
RE/MAX Holdings, Inc., Class A 930   27,677
Realogy Holdings Corp.(a) 7,430   122,595
St Joe Co. (The) 2,250   109,147
      1,307,196
ROAD & RAIL (1.5%)
ArcBest Corp. 1,500   132,660
Avis Budget Group, Inc.(a) 2,340   412,261
Heartland Express, Inc. 2,983   44,626
Knight-Swift Transportation Holdings, Inc. 10,000   565,800
Landstar System, Inc. 2,190   350,400
Marten Transport Ltd. 5,189   86,604
Ryder System, Inc. 5,790   423,770
Saia, Inc.(a) 1,530   434,948
Werner Enterprises, Inc. 4,020   179,252
XPO Logistics, Inc.(a) 6,010   397,682
      3,028,003
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (3.8%)
Amkor Technology, Inc. 6,260   137,845
Axcelis Technologies, Inc.(a) 2,020   126,472
  Shares   Value
Azenta, Inc. 4,440   $374,470
CEVA, Inc.(a) 1,400   52,738
Cirrus Logic, Inc.(a) 3,380   302,307
CMC Materials, Inc. 1,620   293,026
Cohu, Inc.(a) 3,030   99,929
Diodes, Inc.(a) 2,650   245,893
First Solar, Inc.(a) 5,830   456,955
FormFactor, Inc.(a) 4,660   199,168
Ichor Holdings Ltd.(a) 1,700   72,114
Kulicke & Soffa Industries, Inc. 3,640   199,072
Lattice Semiconductor Corp.(a) 8,210   453,356
MaxLinear, Inc.(a) 4,270   256,285
MKS Instruments, Inc. 3,100   481,523
Onto Innovation, Inc.(a) 2,839   259,882
PDF Solutions, Inc.(a) 1,850   55,001
Photronics, Inc.(a) 3,790   67,765
Power Integrations, Inc. 3,570   288,135
Rambus, Inc.(a) 6,750   170,437
Semtech Corp.(a) 3,800   270,180
Silicon Laboratories, Inc.(a) 2,270   374,981
SiTime Corp.(a) 890   207,450
SMART Global Holdings, Inc.(a) 1,410   80,878
SunPower Corp.(a) 5,220   87,592
Synaptics, Inc.(a) 2,280   479,598
Ultra Clean Holdings, Inc.(a) 2,790   140,672
Universal Display Corp. 3,880   595,619
Veeco Instruments, Inc.(a) 3,049   83,817
Wolfspeed, Inc.(a) 6,790   639,890
      7,553,050
SOFTWARE (3.5%)
8x8, Inc.(a) 7,020   107,757
ACI Worldwide, Inc.(a) 7,240   248,839
Agilysys, Inc.(a) 1,330   50,620
Alarm.com Holdings, Inc.(a) 2,900   216,253
Aspen Technology, Inc.(a) 3,940   591,630
Blackbaud, Inc.(a) 2,560   174,438
Bottomline Technologies DE, Inc.(a) 2,490   140,411
CDK Global, Inc. 7,470   320,986
Cerence, Inc.(a) 2,290   145,392
CommVault Systems, Inc.(a) 2,770   186,864
Consensus Cloud Solutions, Inc.(a) 950   53,865
Digital Trubine, Inc.(a) 5,390   237,969
Ebix, Inc. 1,630   49,536
Envestnet, Inc.(a) 3,460   255,832
Fair Isaac Corp.(a) 1,598   790,994
InterDigital, Inc. 1,830   126,325
 
See notes to Schedules of Portfolio Investments.
39
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED SMALL-MID CAP ENHANCED INDEX FUND
  Shares   Value
LivePerson, Inc.(a) 4,190   $125,155
Manhattan Associates, Inc.(a) 3,710   496,658
Mimecast Ltd.(a) 3,830   305,289
NCR Corp.(a) 8,220   312,853
OneSpan, Inc.(a) 2,560   41,114
Paylocity Holding Corp.(a) 2,330   475,273
Progress Software Corp. 2,750   125,153
Qualys, Inc.(a) 2,010   257,561
Sailpoint Technologies Holdings, Inc.(a) 5,850   226,337
SPS Commerce, Inc.(a) 2,140   265,039
Teradata Corp.(a) 6,560   264,630
Vonage Holdings Corp.(a) 15,540   323,854
Xperi Holding Corp. 6,239   105,252
      7,021,879
SPECIALTY RETAIL (3.6%)
Aaron's Co., Inc. (The) 2,165   45,833
Abercrombie & Fitch Co., Class A(a) 3,810   148,590
American Eagle Outfitters, Inc. 9,910   226,245
America's Car-Mart, Inc.(a) 380   36,070
Asbury Automotive Group, Inc.(a) 1,380   222,139
AutoNation, Inc.(a) 2,470   269,230
Barnes & Noble Education, Inc.(a) 2,970   17,879
Bed Bath & Beyond, Inc.(a) 6,620   107,509
Boot Barn Holdings, Inc.(a) 1,790   164,626
Buckle, Inc. (The) 2,055   77,350
Caleres, Inc. 2,455   58,871
Cato Corp. (The), Class A 1,420   23,458
Chico's FAS, Inc.(a) 8,030   37,821
Children's Place, Inc. (The)(a) 800   56,600
Conn's, Inc.(a) 1,590   38,589
Designer Brands, Inc., Class A(a) 4,540   59,792
Dick's Sporting Goods, Inc. 3,840   443,136
Five Below, Inc.(a) 3,330   546,120
Foot Locker, Inc. 5,630   251,548
GameStop Corp., Class A(a) 3,640   396,505
Genesco, Inc.(a) 810   52,107
Group 1 Automotive, Inc. 2,190   371,884
Guess?, Inc. 2,710   62,384
Haverty Furniture Cos., Inc. 1,190   35,129
Hibbett, Inc. 930   57,335
Lithia Motors, Inc., Class A 1,790   522,913
Lumber Liquidators Holdings, Inc.(a) 2,090   30,180
MarineMax, Inc.(a) 1,410   66,355
Monro, Inc. 2,265   112,638
ODP Corp. (The)(a) 2,878   127,294
Rent-A-Center, Inc. 3,950   166,492
  Shares   Value
RH(a) 1,040   $418,933
Sally Beauty Holdings, Inc.(a) 7,200   123,624
Shoe Carnival, Inc. 1,370   46,799
Signet Jewelers Ltd. 3,130   269,587
Sleep Number Corp.(a) 1,460   104,390
Sonic Automotive, Inc., Class A 1,620   82,636
Urban Outfitters, Inc.(a) 4,430   127,230
Victoria's Secret & Co.(a) 4,430   247,327
Williams-Sonoma, Inc. 5,640   905,446
Zumiez, Inc.(a) 1,460   65,627
      7,224,221
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS (0.2%)
3D Systems Corp.(a) 7,700   137,830
Diebold Nixdorf, Inc.(a) 5,640   52,678
Xerox Holdings Corp. 9,210   194,423
      384,931
TEXTILES, APPAREL & LUXURY GOODS (2.0%)
Capri Holdings Ltd.(a) 8,910   535,224
Carter's, Inc. 2,450   228,144
Columbia Sportswear Co. 4,300   399,341
Crocs, Inc.(a) 3,490   358,144
Deckers Outdoor Corp.(a) 2,230   714,113
Fossil Group, Inc.(a) 23,190   257,177
G-III Apparel Group Ltd.(a) 2,890   78,521
Hanesbrands, Inc. 20,470   329,567
Kontoor Brands, Inc. 3,020   148,856
Movado Group, Inc. 6,130   227,239
Oxford Industries, Inc. 890   73,327
Skechers USA, Inc., Class A(a) 8,460   355,320
Steven Madden Ltd. 4,875   200,557
Unifi, Inc.(a) 1,130   21,481
Vera Bradley, Inc.(a) 2,520   20,639
Wolverine World Wide, Inc. 5,130   135,894
      4,083,544
THRIFTS & MORTGAGE FINANCE (1.2%)
Axos Financial, Inc.(a) 3,410   175,615
Capitol Federal Financial, Inc. 6,050   67,337
Essent Group Ltd. 6,580   300,311
Flagstar Bancorp, Inc. 3,150   142,537
MGIC Investment Corp. 19,610   297,680
Mr. Cooper Group, Inc.(a) 4,670   187,500
New York Community Bancorp, Inc. 27,620   322,049
NMI Holdings, Inc., Class A(a) 5,270   130,380
Northfield Bancorp, Inc. 4,010   63,198
 
See notes to Schedules of Portfolio Investments.
40
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD VALUES-FOCUSED SMALL-MID CAP ENHANCED INDEX FUND
  Shares   Value
Provident Financial Services, Inc. 3,730   $90,154
TrustCo Bank Corp. NY 800   27,120
Walker & Dunlop, Inc. 1,710   226,421
Washington Federal, Inc. 4,240   148,485
WSFS Financial Corp. 3,730   195,377
      2,374,164
TRADING COMPANIES & DISTRIBUTORS (1.0%)
Applied Industrial Technologies, Inc. 2,180   213,596
Boise Cascade Co. 2,300   161,506
DXP Enterprises, Inc.(a) 1,150   32,832
GATX Corp. 2,040   213,078
GMS, Inc.(a) 2,690   137,674
MSC Industrial Direct Co., Inc., Class A 2,820   230,225
NOW, Inc.(a) 7,140   63,475
Univar Solutions, Inc.(a) 10,530   279,045
Veritiv Corp.(a) 810   75,395
Watsco, Inc. 1,860   525,562
      1,932,388
WATER UTILITIES (0.6%)
American States Water Co. 2,400   221,352
California Water Service Group 3,190   198,067
Essential Utilities, Inc. 14,582   710,727
Middlesex Water Co. 1,080   109,339
      1,239,485
WIRELESS TELECOMMUNICATION SERVICES (0.1%)
Shenandoah Telecommunications Co. 2,630   59,885
Telephone and Data Systems, Inc. 6,680   132,264
      192,149
TOTAL COMMON STOCKS
(COST $175,095,419) 		    198,318,040
  Shares   Value
RIGHT (0.0%)
BIOTECHNOLOGY (0.0%)
Progenics Pharmaceuticals, Inc.(a)(b) 7,180   $—
TOTAL RIGHT
(COST $—) 		    —
MONEY MARKET FUND (1.3%)
Northern Institutional Treasury Portfolio (Premier Class), 0.01%(c) 2,525,954   2,525,954
TOTAL MONEY MARKET FUND
(COST $2,525,954) 		    2,525,954
TOTAL INVESTMENTS
(COST $177,621,373) 100.0% 		    200,843,994
LIABILITIES IN EXCESS OF OTHER ASSETS 0.0%     (3,165)
NET ASSETS 100.0%     $200,840,829
Amounts designated as ‘‘—’’ are $0 or have been rounded to $0.
    
(a) Represents non-income producing security.
(b) Security is a Level 3 investment.
(c) 7-day current yield as of January 31, 2022 is disclosed.
    
PLC — Public Limited Company
REIT — Real Estate Investment Trust
 
See notes to Schedules of Portfolio Investments.
41
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD EQUITY MARKET NEUTRAL FUND

The table below sets forth the diversification of the Steward Equity Market Neutral Fund investments by Industry.

    
Industry Diversification   Percent*
Money Market Fund   90.9%
Textiles, Apparel & Luxury Goods   5.3
Software   5.1
Health Care Providers & Services   4.9
Capital Markets   4.5
Banks   3.7
Specialty Retail   3.1
Equity Real Estate Investment Trusts   2.8
Technology Hardware, Storage & Peripherals   2.7
Real Estate Management & Development   2.1
Professional Services   2.0
Electronic Equipment, Instruments
& Components 		  2.0
Communications Equipment   1.8
Life Sciences Tools & Services   1.2
Building Products   1.2
Insurance   1.1
Media   1.0
Food Products   1.0
Auto Components   0.9
Household Durables   0.9
Machinery   0.9
Commercial Services & Supplies   0.9
Diversified Telecommunication Services   0.9
Distributors   0.8
Food & Staples Retailing   0.8
Biotechnology   0.6
IT Services   0.6
Leisure Products   0.5
Road & Rail   0.4
Multiline Retail   0.3
Industry Diversification   Percent*
Containers & Packaging   0.1%
Pharmaceuticals   (0.5)
Beverages   (0.7)
Construction Materials   (0.8)
Trading Companies & Distributors   (0.8)
Wireless Telecommunication Services   (0.8)
Construction & Engineering   (0.8)
Consumer Finance   (1.0)
Household Products   (1.0)
Independent Power and Renewable Electricity Producers   (1.0)
Gas Utilities   (1.1)
Thrifts & Mortgage Finance   (1.3)
Health Care Equipment & Supplies   (1.4)
Electrical Equipment   (1.4)
Electric Utilities   (1.5)
Health Care Technology   (1.6)
Internet & Direct Marketing Retail   (1.6)
Water Utilities   (1.6)
Semiconductors & Semiconductor Equipment   (1.7)
Multi-Utilities   (1.8)
Entertainment   (2.0)
Interactive Media & Services   (2.5)
Oil, Gas & Consumable Fuels   (3.1)
Airlines   (3.6)
Chemicals   (3.8)
Hotels, Restaurants & Leisure   (4.1)
Aerospace & Defense   (5.2)
Total Investments   98.3%
    
 
* Percentages indicated are based on net assets as of January 31, 2022.
See notes to Schedules of Portfolio Investments.
42
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD EQUITY MARKET NEUTRAL FUND
  Shares   Value
COMMON STOCKS (92.4%)
AEROSPACE & DEFENSE (0.2%)
Huntington Ingalls Industries, Inc. 200   $37,440
AUTO COMPONENTS (0.9%)
BorgWarner, Inc. 5,000   219,250
BANKS (3.7%)
Bank of America Corp. 5,000   230,700
Comerica, Inc. 2,500   231,950
KeyCorp 9,600   240,576
Regions Financial Corp. 10,100   231,694
      934,920
BIOTECHNOLOGY (1.4%)
Biogen, Inc.(a) 400   90,400
Gilead Sciences, Inc. 3,800   260,984
      351,384
BUILDING PRODUCTS (2.0%)
Allegion PLC 100   12,273
Johnson Controls International PLC 2,900   210,743
Owens Corning 3,300   292,710
      515,726
CAPITAL MARKETS (4.5%)
Ameriprise Financial, Inc. 900   273,879
Bank of New York Mellon Corp. (The) 4,700   278,522
Janus Henderson Group PLC 5,700   210,330
Morgan Stanley 2,400   246,096
Northern Trust Corp. 1,100   128,304
      1,137,131
COMMERCIAL SERVICES & SUPPLIES (0.9%)
Republic Services, Inc. 1,700   217,022
COMMUNICATIONS EQUIPMENT (2.2%)
Arista Networks, Inc.(a) 300   37,293
Juniper Networks, Inc. 7,500   261,150
Lumentum Holdings, Inc.(a) 2,500   253,700
      552,143
CONSUMER FINANCE (0.2%)
Ally Financial, Inc. 1,200   57,264
CONTAINERS & PACKAGING (1.0%)
Westrock Co. 5,200   240,032
DISTRIBUTORS (0.8%)
Genuine Parts Co. 1,500   199,845
  Shares   Value
DIVERSIFIED TELECOMMUNICATION SERVICES (0.9%)
Lumen Technologies, Inc. 18,600   $229,896
ELECTRICAL EQUIPMENT (0.8%)
Acuity Brands, Inc. 1,100   210,683
ELECTRONIC EQUIPMENT, INSTRUMENTS &
COMPONENTS (2.8%)
Jabil, Inc. 3,500   215,215
Keysight Technologies, Inc.(a) 1,600   270,112
National Instruments Corp. 5,500   226,710
      712,037
EQUITY REAL ESTATE INVESTMENT TRUSTS (2.8%)
American Tower Corp. 500   125,750
Iron Mountain, Inc. 4,600   211,232
Prologis, Inc. 1,500   235,230
Simon Property Group, Inc. 1,000   147,200
      719,412
FOOD & STAPLES RETAILING (1.9%)
Kroger Co. (The) 5,000   217,950
Walgreens Boots Alliance, Inc. 5,400   268,704
      486,654
FOOD PRODUCTS (1.9%)
General Mills, Inc. 3,600   247,248
Ingredion, Inc. 2,500   236,750
      483,998
HEALTH CARE EQUIPMENT & SUPPLIES (2.3%)
Hologic, Inc.(a) 4,100   287,984
Quidel Corp.(a) 2,800   289,408
      577,392
HEALTH CARE PROVIDERS & SERVICES (7.0%)
AmerisourceBergen Corp. 2,100   286,020
Cardinal Health, Inc. 700   36,099
Cigna Corp. 1,200   276,552
CVS Health Corp. 2,700   287,577
Henry Schein, Inc.(a) 1,500   112,950
Humana, Inc. 100   39,250
Laboratory Corporation of America Holdings(a) 1,100   298,496
McKesson Corp. 600   154,032
Quest Diagnostics, Inc. 2,100   283,542
      1,774,518
HEALTH CARE TECHNOLOGY (0.3%)
Cerner Corp. 800   72,960
 
See notes to Schedules of Portfolio Investments.
43
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD EQUITY MARKET NEUTRAL FUND
  Shares   Value
HOUSEHOLD DURABLES (1.3%)
Newell Brands, Inc. 10,400   $241,384
Tempur Sealy International, Inc. 2,500   99,525
      340,909
INSURANCE (3.6%)
Aflac, Inc. 2,100   131,922
First American Financial Corp. 3,100   230,981
Hartford Financial Services Group, Inc. (The) 3,500   251,545
Marsh & McLennan Cos., Inc. 300   46,092
MetLife, Inc. 3,900   261,534
      922,074
INTERACTIVE MEDIA & SERVICES (1.1%)
Alphabet, Inc., Class A(a) 100   270,607
IT SERVICES (3.1%)
Accenture PLC, Class A 200   70,716
Gartner, Inc.(a) 700   205,723
Genpact Ltd. 2,300   114,425
Mastercard, Inc., Class A 300   115,914
VeriSign, Inc.(a) 400   86,872
Western Union Co. (The) 10,700   202,337
      795,987
LEISURE PRODUCTS (0.8%)
Hasbro, Inc. 2,300   212,704
LIFE SCIENCES TOOLS & SERVICES (2.0%)
Mettler-Toledo International, Inc.(a) 200   294,536
QIAGEN N.V.(a) 4,300   212,807
      507,343
MACHINERY (1.9%)
Cummins, Inc. 1,100   242,968
Otis Worldwide Corp. 2,800   239,204
      482,172
MEDIA (2.1%)
Fox Corp., Class A 3,000   121,830
Interpublic Group of Cos., Inc. (The) 7,900   280,766
Omnicom Group, Inc. 1,600   120,576
      523,172
MULTILINE RETAIL (1.2%)
Kohl's Corp. 5,100   304,521
  Shares   Value
OIL, GAS & CONSUMABLE FUELS (0.6%)
Kinder Morgan, Inc. 1,700   $29,512
Phillips 66 1,500   127,185
      156,697
PHARMACEUTICALS (1.2%)
Zoetis, Inc. 1,500   299,685
PROFESSIONAL SERVICES (2.9%)
FTI Consulting, Inc.(a) 1,600   233,296
ManpowerGroup, Inc. 2,500   262,175
Robert Half International, Inc. 2,200   249,172
      744,643
REAL ESTATE MANAGEMENT & DEVELOPMENT (2.4%)
CBRE Group, Inc., Class A(a) 2,900   293,886
Jones Lang LaSalle, Inc.(a) 1,200   300,948
      594,834
ROAD & RAIL (1.9%)
CSX Corp. 5,500   188,210
Landstar System, Inc. 1,800   288,000
      476,210
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (2.1%)
Cirrus Logic, Inc.(a) 2,800   250,432
Intel Corp. 5,800   283,156
      533,588
SOFTWARE (12.0%)
Adobe, Inc.(a) 400   213,720
Aspen Technology, Inc.(a) 800   120,128
Cadence Design Systems, Inc.(a) 1,900   289,066
Dolby Laboratories, Inc., Class A 2,600   228,410
Dropbox, Inc., Class A(a) 10,400   257,400
Intuit, Inc. 400   222,092
Manhattan Associates, Inc.(a) 1,500   200,805
Microsoft Corp. 900   279,882
Oracle Corp. 2,700   219,132
salesforce.com, Inc.(a) 1,000   232,630
Synopsys, Inc.(a) 900   279,450
Teradata Corp.(a) 5,400   217,836
VMware, Inc., Class A 2,200   282,656
      3,043,207
 
See notes to Schedules of Portfolio Investments.
44
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD EQUITY MARKET NEUTRAL FUND
  Shares   Value
SPECIALTY RETAIL (5.7%)
AutoZone, Inc.(a) 50   $99,318
Bath & Body Works, Inc. 2,300   128,961
Dick's Sporting Goods, Inc. 2,100   242,340
Lowe’s Cos., Inc. 1,200   284,820
O'Reilly Automotive, Inc.(a) 300   195,525
Tractor Supply Co. 1,300   283,803
Ulta Beauty, Inc.(a) 600   218,244
      1,453,011
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS (2.7%)
Dell Technologies, Inc., Class C(a) 4,200   238,602
Hewlett Packard Enterprise Co. 14,200   231,886
NetApp, Inc. 2,600   224,926
      695,414
TEXTILES, APPAREL & LUXURY GOODS (5.3%)
Columbia Sportswear Co. 2,500   232,175
Deckers Outdoor Corp.(a) 200   64,046
Hanesbrands, Inc. 14,800   238,280
NIKE, Inc., Class B 1,500   222,105
PVH Corp. 3,000   285,030
Ralph Lauren Corp. 1,800   199,512
Tapestry, Inc. 2,500   94,875
      1,336,023
TOTAL COMMON STOCKS
(COST $24,183,040) 		    23,422,508
MONEY MARKET FUND (90.9%)
Northern Institutional Treasury Portfolio (Premier Class), 0.01%(b) 23,043,690   23,043,690
TOTAL MONEY MARKET FUND
(COST $23,043,690) 		    23,043,690
TOTAL INVESTMENTS
(COST $47,226,730) 100.0% 		    46,466,198
    
     
COMMON STOCKS SOLD SHORT ((85.0)%)
AEROSPACE & DEFENSE (5.4%)
Boeing Co. (The) (a) (1,100) $(220,264)
HEICO Corp., Class A (1,600) (175,520)
Howmet Aerospace, Inc. (7,100) (220,739)
Huntington Ingalls Industries, Inc. (200) (37,440)
Mercury Systems, Inc. (a) (4,000) (227,680)
Spirit AeroSystems Holdings, Inc., Class A (5,700) (249,831)
TransDigm Group, Inc. (a) (400) (246,476)
    (1,377,950)
     
AIRLINES (3.6%)
Copa Holdings SA, Class A (a) (2,700) $(225,666)
JetBlue Airways Corp. (a) (15,700) (229,691)
Southwest Airlines Co. (a) (5,300) (237,228)
United Airlines Holdings, Inc. (a) (5,100) (218,688)
    (911,273)
BEVERAGES (0.7%)
Boston Beer Co., Inc. (The), Class A(a) (400) (168,332)
BIOTECHNOLOGY (0.8%)
Novavax, Inc.(a) (2,100) (196,770)
BUILDING PRODUCTS (0.8%)
Advanced Drainage Systems, Inc. (1,700) (192,253)
CHEMICALS (3.8%)
Albemarle Corp. (1,000) (220,740)
FMC Corp. (2,000) (220,740)
RPM International, Inc. (3,000) (265,830)
Scotts Miracle-Gro Co. (The) (1,700) (257,040)
    (964,350)
COMMUNICATIONS EQUIPMENT (0.4%)
ViaSat, Inc.(a) (2,200) (96,844)
CONSTRUCTION & ENGINEERING (0.8%)
Valmont Industries, Inc. (900) (195,507)
CONSTRUCTION MATERIALS (0.8%)
Vulcan Materials Co. (1,100) (209,341)
CONSUMER FINANCE (1.2%)
Upstart Holdings, Inc.(a) (2,900) (316,129)
CONTAINERS & PACKAGING (0.9%)
Westrock Co. (5,200) (240,032)
ELECTRIC UTILITIES (1.5%)
Edison International (2,600) (163,254)
OGE Energy Corp. (6,000) (227,520)
    (390,774)
ELECTRICAL EQUIPMENT (2.2%)
Generac Holdings, Inc. (a) (600) (169,428)
Plug Power, Inc. (a) (10,200) (223,074)
Shoals Technologies Group, Inc., Class A (a) (9,400) (158,484)
    (550,986)
 
See notes to Schedules of Portfolio Investments.
45
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD EQUITY MARKET NEUTRAL FUND
     
ELECTRONIC EQUIPMENT, INSTRUMENTS &
COMPONENTS (0.8%)
Teledyne Technologies, Inc.(a) (500) $(210,715)
ENTERTAINMENT (2.0%)
Madison Square Garden Sports Corp. (a) (1,600) (265,712)
Roku, Inc. (a) (1,400) (229,670)
    (495,382)
FOOD & STAPLES RETAILING (1.1%)
Casey's General Stores, Inc. (400) (75,124)
Grocery Outlet Holding Corp. (a) (7,900) (200,502)
    (275,626)
FOOD PRODUCTS (0.9%)
Post Holdings, Inc.(a) (2,100) (222,222)
GAS UTILITIES (1.1%)
Atmos Energy Corp. (2,500) (268,050)
HEALTH CARE EQUIPMENT & SUPPLIES (3.7%)
Novocure Ltd. (a) (700) (48,055)
STERIS PLC (1,000) (224,400)
Stryker Corp. (900) (223,245)
Teleflex, Inc. (700) (217,133)
Zimmer Holdings, Inc. (1,800) (221,436)
    (934,269)
HEALTH CARE PROVIDERS & SERVICES (2.1%)
agilon health, Inc. (a) (4,300) (71,294)
Guardant Health, Inc. (a) (2,600) (180,830)
Oak Street Health, Inc. (a) (1,500) (26,070)
Universal Health Services, Inc., Class B (2,000) (260,120)
    (538,314)
HEALTH CARE TECHNOLOGY (1.9%)
Certara, Inc. (a) (10,400) (277,992)
Change Healthcare, Inc. (a) (10,400) (204,672)
    (482,664)
HOTELS, RESTAURANTS & LEISURE (4.1%)
Aramark (6,200) (212,598)
Churchill Downs, Inc. (300) (63,090)
DraftKings, Inc., Class A (a) (3,800) (83,942)
Marriott Vacations Worldwide Corp. (1,300) (211,094)
Penn National Gaming, Inc. (a) (4,500) (205,245)
Wynn Resorts Ltd. (a) (3,100) (264,895)
    (1,040,864)
HOUSEHOLD DURABLES (0.4%)
Leggett & Platt, Inc. (2,700) (107,595)
     
HOUSEHOLD PRODUCTS (1.0%)
Reynolds Consumer Products, Inc. (7,300) $(220,971)
Spectrum Brands Holdings, Inc. (400) (35,752)
    (256,723)
INDEPENDENT POWER AND RENEWABLE ELECTRICITY
PRODUCERS (1.0%)
Vistra Corp. (11,100) (242,091)
INSURANCE (2.5%)
GoHealth, Inc., Class A (a) (74,400) (205,344)
Kemper Corp. (3,800) (227,924)
White Mountains Insurance Group Ltd. (200) (208,192)
    (641,460)
INTERACTIVE MEDIA & SERVICES (3.6%)
IAC/InterActiveCorp (a) (1,600) (218,464)
Match Group, Inc. (a) (1,700) (191,590)
Pinterest, Inc., Class A (a) (1,700) (50,252)
TripAdvisor, Inc. (a) (10,100) (274,215)
Vimeo, Inc. (a) (12,700) (186,055)
    (920,576)
INTERNET & DIRECT MARKETING RETAIL (1.6%)
Amazon.com, Inc. (a) (50) (149,573)
Wayfair, Inc., Class A (a) (1,700) (265,064)
    (414,637)
IT SERVICES (2.5%)
Cloudflare, Inc., Class A (a) (2,300) (221,720)
Fastly, Inc., Class A (a) (5,800) (166,228)
Shift4 Payments, Inc., Class A (a) (4,600) (242,512)
    (630,460)
LEISURE PRODUCTS (0.3%)
Peloton Interactive, Inc., Class A(a) (2,300) (62,859)
LIFE SCIENCES TOOLS & SERVICES (0.8%)
Sotera Health Co.(a) (9,400) (202,194)
MACHINERY (1.0%)
Colfax Corp. (a) (2,100) (86,352)
Graco, Inc. (800) (58,048)
PACCAR, Inc. (1,100) (102,289)
    (246,689)
MEDIA (1.1%)
Liberty Broadband Corp., Class A(a) (1,900) (278,065)
MULTILINE RETAIL (0.9%)
Ollie's Bargain Outlet Holdings, Inc.(a) (4,600) (220,524)
 
See notes to Schedules of Portfolio Investments.
46
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD EQUITY MARKET NEUTRAL FUND
     
MULTI-UTILITIES (1.8%)
Ameren Corp. (2,500) $(221,850)
CenterPoint Energy, Inc. (8,100) (229,716)
    (451,566)
OIL, GAS & CONSUMABLE FUELS (3.7%)
Devon Energy Corp. (4,700) (237,679)
New Fortress Energy, Inc. (10,200) (223,992)
Pioneer Natural Resources Co. (1,200) (262,668)
Texas Pacific Land Corp. (200) (215,000)
    (939,339)
PHARMACEUTICALS (1.7%)
Elanco Animal Health, Inc. (a) (8,000) (208,320)
Royalty Pharma PLC, Class A (5,500) (220,055)
    (428,375)
PROFESSIONAL SERVICES (0.9%)
Dun & Bradstreet Holdings, Inc.(a) (11,800) (236,708)
REAL ESTATE MANAGEMENT & DEVELOPMENT (0.3%)
Zillow Group, Inc., Class A(a) (1,700) (84,762)
ROAD & RAIL (1.5%)
Lyft, Inc., Class A (a) (5,200) (200,304)
Uber Technologies, Inc. (a) (5,000) (187,000)
    (387,304)
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (3.8%)
Enphase Energy, Inc. (a) (1,600) (224,752)
Entegris, Inc. (1,600) (191,744)
Microchip Technology, Inc. (2,600) (201,448)
Monolithic Power Systems, Inc. (200) (80,586)
Wolfspeed, Inc. (a) (2,900) (273,296)
    (971,826)
SOFTWARE (6.9%)
Alteryx, Inc., Class A (a) (3,500) (199,745)
C3.ai, Inc., Class A (a) (7,200) (189,648)
Ceridian HCM Holding, Inc. (a) (2,100) (159,222)
Datto Holding Corp. (a) (8,300) (206,753)
DoubleVerify Holdings, Inc. (a) (6,800) (188,088)
Everbridge, Inc. (a) (2,500) (127,800)
Five9, Inc. (a) (1,600) (201,120)
     
Palantir Technologies, Inc., Class A (a) (12,300) $(168,633)
Pegasystems, Inc. (2,000) (198,440)
Unity Software, Inc. (a) (1,000) (105,150)
    (1,744,599)
SPECIALTY RETAIL (2.6%)
Floor & Decor Holdings, Inc. (a) (1,700) (184,824)
GameStop Corp., Class A (a) (1,600) (174,288)
Leslie's, Inc. (a) (9,500) (197,885)
Petco Health & Wellness Co., Inc. (a) (5,100) (95,625)
    (652,622)
THRIFTS & MORTGAGE FINANCE (1.3%)
Rocket Cos., Inc., Class A (20,400) (257,856)
UWM Holdings Corp. (15,900) (82,203)
    (340,059)
TRADING COMPANIES & DISTRIBUTORS (0.8%)
Air Lease Corp. (5,100) (203,031)
WATER UTILITIES (1.6%)
American Water Works Co., Inc. (1,200) (192,960)
Essential Utilities, Inc. (4,200) (204,708)
    (397,668)
WIRELESS TELECOMMUNICATION SERVICES (0.8%)
T-Mobile U.S., Inc.(a) (1,900) (205,523)
TOTAL COMMON STOCKS SOLD SHORT
(COST $(23,957,277)) 		  (21,545,902)
TOTAL SECURITIES SOLD SHORT
(PROCEEDS $(23,957,277)) (46.4)% 		  (21,545,902)
LIABILITIES IN EXCESS OF OTHER ASSETS (83.3)%   (21,119,076)
NET ASSETS 100.0%   $25,347,122
 
    
(a) Represents non-income producing security.
(b) 7-day current yield as of January 31, 2022 is disclosed.
    
PLC — Public Limited Company
 
See notes to Schedules of Portfolio Investments.
47
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD LARGE CAP CORE FUND

The table below sets forth the diversification of the Steward Large Cap Core Fund investments by Industry.

    
Industry Diversification   Percent*
Software   14.9%
Technology Hardware, Storage & Peripherals   9.4
Specialty Retail   7.3
Capital Markets   6.8
Insurance   5.7
Health Care Providers & Services   5.6
Semiconductors & Semiconductor Equipment   4.3
Interactive Media & Services   4.2
Textiles, Apparel & Luxury Goods   4.0
Equity Real Estate Investment Trusts   4.0
IT Services   3.5
Banks   3.3
Communications Equipment   2.7
Real Estate Management & Development   2.1
Internet & Direct Marketing Retail   2.1
Multiline Retail   1.8
Building Products   1.8
Professional Services   1.7
Money Market Fund   1.5
Road & Rail   1.3
Industry Diversification   Percent*
Electronic Equipment, Instruments
& Components 		  1.3%
Biotechnology   1.2
Pharmaceuticals   1.1
Life Sciences Tools & Services   1.1
Media   1.0
Food & Staples Retailing   0.9
Electrical Equipment   0.9
Machinery   0.8
Thrifts & Mortgage Finance   0.8
Consumer Finance   0.8
Automobiles   0.8
Commercial Services & Supplies   0.8
Diversified Consumer Services   0.7
Diversified Telecommunication Services   0.6
Diversified Financial Services   0.4
Health Care Equipment & Supplies   0.0
Total Investments   101.2%
    
 
* Percentages indicated are based on net assets as of January 31, 2022.
See notes to Schedules of Portfolio Investments.
48
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD LARGE CAP CORE FUND
  Shares   Value
COMMON STOCKS (99.7%)
AUTOMOBILES (0.8%)
Tesla, Inc.(a) 600   $562,032
BANKS (3.3%)
Bank of America Corp. 18,800   867,432
Comerica, Inc. 7,200   668,016
JPMorgan Chase & Co. 600   89,160
Regions Financial Corp. 30,000   688,200
      2,312,808
BIOTECHNOLOGY (1.2%)
Gilead Sciences, Inc. 12,100   831,028
BUILDING PRODUCTS (1.8%)
Johnson Controls International PLC 8,000   581,360
Owens Corning 8,000   709,600
      1,290,960
CAPITAL MARKETS (6.8%)
Ameriprise Financial, Inc. 2,500   760,775
Bank of New York Mellon Corp. (The) 13,000   770,380
BlackRock, Inc. 1,000   822,940
Goldman Sachs Group, Inc. (The) 2,300   815,764
Janus Henderson Group PLC 19,300   712,170
Morgan Stanley 8,900   912,606
      4,794,635
COMMERCIAL SERVICES & SUPPLIES (0.8%)
Republic Services, Inc. 4,400   561,704
COMMUNICATIONS EQUIPMENT (2.7%)
Arista Networks, Inc.(a) 6,100   758,291
Cisco Systems, Inc. 8,400   467,628
Lumentum Holdings, Inc.(a) 6,900   700,212
      1,926,131
CONSUMER FINANCE (0.8%)
Ally Financial, Inc. 11,900   567,868
DIVERSIFIED CONSUMER SERVICES (0.7%)
H&R Block, Inc. 22,400   512,064
DIVERSIFIED FINANCIAL SERVICES (0.4%)
Berkshire Hathaway, Inc., Class B(a) 900   281,718
DIVERSIFIED TELECOMMUNICATION SERVICES (0.6%)
Lumen Technologies, Inc. 34,000   420,240
ELECTRICAL EQUIPMENT (0.9%)
Acuity Brands, Inc. 3,300   632,049
  Shares   Value
ELECTRONIC EQUIPMENT, INSTRUMENTS &
COMPONENTS (1.3%)
Jabil, Inc. 9,100   $559,559
Keysight Technologies, Inc.(a) 1,900   320,758
      880,317
EQUITY REAL ESTATE INVESTMENT TRUSTS (4.0%)
American Tower Corp. 2,800   704,200
Equinix, Inc. 800   579,920
Prologis, Inc. 5,200   815,464
Simon Property Group, Inc. 4,700   691,840
      2,791,424
FOOD & STAPLES RETAILING (0.9%)
Walgreens Boots Alliance, Inc. 12,900   641,904
HEALTH CARE EQUIPMENT & SUPPLIES (0.0%)
Quidel Corp.(a) 200   20,672
HEALTH CARE PROVIDERS & SERVICES (5.6%)
AmerisourceBergen Corp. 5,400   735,480
Cigna Corp. 3,500   806,610
CVS Health Corp. 8,700   926,637
Laboratory Corporation of America Holdings(a) 2,700   732,672
Quest Diagnostics, Inc. 5,300   715,606
      3,917,005
INSURANCE (5.7%)
Aon PLC, Class A 2,100   580,524
Chubb Ltd. 3,600   710,208
First American Financial Corp. 7,600   566,276
Hartford Financial Services Group, Inc. (The) 8,700   625,269
Marsh & McLennan Cos., Inc. 4,900   752,836
MetLife, Inc. 11,100   744,366
      3,979,479
INTERACTIVE MEDIA & SERVICES (4.2%)
Alphabet, Inc., Class A(a) 900   2,435,463
Meta Platforms, Inc., Class A(a) 1,700   532,542
      2,968,005
INTERNET & DIRECT MARKETING RETAIL (2.1%)
Amazon.com, Inc.(a) 500   1,495,735
IT SERVICES (3.5%)
Accenture PLC, Class A 2,900   1,025,382
Genpact Ltd. 13,600   676,600
Visa, Inc., Class A 700   158,319
Western Union Co. (The) 30,600   578,646
      2,438,947
 
See notes to Schedules of Portfolio Investments.
49
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD LARGE CAP CORE FUND
  Shares   Value
LIFE SCIENCES TOOLS & SERVICES (1.1%)
Mettler-Toledo International, Inc.(a) 500   $736,340
MACHINERY (0.8%)
Cummins, Inc. 2,400   530,112
MEDIA (1.0%)
Interpublic Group of Cos., Inc. (The) 20,200   717,908
MULTILINE RETAIL (1.8%)
Kohl's Corp. 10,300   615,013
Target Corp. 2,900   639,247
      1,254,260
PHARMACEUTICALS (1.1%)
Zoetis, Inc. 4,000   799,160
PROFESSIONAL SERVICES (1.7%)
ManpowerGroup, Inc. 5,800   608,246
Robert Half International, Inc. 5,000   566,300
      1,174,546
REAL ESTATE MANAGEMENT & DEVELOPMENT (2.1%)
CBRE Group, Inc., Class A(a) 7,600   770,184
Jones Lang LaSalle, Inc.(a) 2,900   727,291
      1,497,475
ROAD & RAIL (1.3%)
CSX Corp. 22,700   776,794
Landstar System, Inc. 700   112,000
      888,794
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (4.3%)
Cirrus Logic, Inc.(a) 8,200   733,408
Intel Corp. 21,100   1,030,102
NVIDIA Corp. 1,000   244,860
QUALCOMM, Inc. 5,700   1,001,832
      3,010,202
SOFTWARE (14.9%)
Cadence Design Systems, Inc.(a) 5,200   791,128
Dolby Laboratories, Inc., Class A 7,100   623,735
Dropbox, Inc., Class A(a) 22,200   549,450
Intuit, Inc. 200   111,046
Manhattan Associates, Inc.(a) 3,400   455,158
Microsoft Corp. 14,800   4,602,504
NortonLifeLock, Inc. 23,500   611,235
Oracle Corp. 8,100   657,396
Synopsys, Inc.(a) 2,600   807,300
  Shares   Value
Teradata Corp.(a) 12,600   $508,284
VMware, Inc., Class A 5,700   732,336
      10,449,572
SPECIALTY RETAIL (7.3%)
AutoZone, Inc.(a) 400   794,540
Bath & Body Works, Inc. 13,000   728,910
Dick's Sporting Goods, Inc. 5,600   646,240
Lowe’s Cos., Inc. 4,100   973,135
O'Reilly Automotive, Inc.(a) 1,000   651,750
Tractor Supply Co. 3,400   742,254
Ulta Beauty, Inc.(a) 1,500   545,610
      5,082,439
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS (9.4%)
Apple, Inc. 21,600   3,775,248
Dell Technologies, Inc., Class C(a) 12,100   687,401
Hewlett Packard Enterprise Co. 44,900   733,217
HP, Inc. 20,900   767,657
NetApp, Inc. 6,900   596,919
      6,560,442
TEXTILES, APPAREL & LUXURY GOODS (4.0%)
Hanesbrands, Inc. 41,800   672,980
NIKE, Inc., Class B 6,400   947,648
PVH Corp. 7,500   712,575
Tapestry, Inc. 12,600   478,170
      2,811,373
THRIFTS & MORTGAGE FINANCE (0.8%)
MGIC Investment Corp. 38,600   585,948
TOTAL COMMON STOCKS
(COST $71,587,982) 		    69,925,296
MONEY MARKET FUND (1.5%)
Northern Institutional Treasury Portfolio (Premier Class), 0.01%(b) 1,045,882   1,045,882
TOTAL MONEY MARKET FUND
(COST $1,045,882) 		    1,045,882
TOTAL INVESTMENTS
(COST $72,633,864) 100.0% 		    70,971,178
LIABILITIES IN EXCESS OF OTHER ASSETS (1.2)%     (844,203)
NET ASSETS 100.0%     $70,126,975
 
    
(a) Represents non-income producing security.
(b) 7-day current yield as of January 31, 2022 is disclosed.
    
PLC — Public Limited Company
 
See notes to Schedules of Portfolio Investments.
50
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD LARGE CAP GROWTH FUND

The table below sets forth the diversification of the Steward Large Cap Growth Fund investments by Industry.

    
Industry Diversification   Percent*
Software   22.9%
Technology Hardware, Storage & Peripherals   14.6
Specialty Retail   8.1
Interactive Media & Services   7.9
IT Services   6.0
Equity Real Estate Investment Trusts   4.9
Internet & Direct Marketing Retail   4.7
Semiconductors & Semiconductor Equipment   4.0
Textiles, Apparel & Luxury Goods   3.9
Capital Markets   3.1
Automobiles   2.5
Electronic Equipment, Instruments
& Components 		  2.1
Health Care Providers & Services   2.0
Professional Services   1.7
Money Market Fund   1.7
Industry Diversification   Percent*
Pharmaceuticals   1.3%
Life Sciences Tools & Services   1.3
Multiline Retail   1.1
Communications Equipment   1.1
Real Estate Management & Development   1.0
Diversified Consumer Services   1.0
Road & Rail   1.0
Leisure Products   0.9
Insurance   0.9
Paper & Forest Products   0.8
Household Durables   0.8
Biotechnology   0.2
Air Freight & Logistics   0.1
Total Investments   101.6%
    
 
* Percentages indicated are based on net assets as of January 31, 2022.
See notes to Schedules of Portfolio Investments.
51
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD LARGE CAP GROWTH FUND
  Shares   Value
COMMON STOCKS (99.9%)
AIR FREIGHT & LOGISTICS (0.1%)
C.H. Robinson Worldwide, Inc. 300   $31,395
AUTOMOBILES (2.5%)
Tesla, Inc.(a) 1,200   1,124,064
BIOTECHNOLOGY (0.2%)
AbbVie, Inc. 600   82,134
CAPITAL MARKETS (3.1%)
Ameriprise Financial, Inc. 1,600   486,896
FactSet Research Systems, Inc. 1,000   421,890
Goldman Sachs Group, Inc. (The) 1,300   461,084
      1,369,870
COMMUNICATIONS EQUIPMENT (1.1%)
Arista Networks, Inc.(a) 4,000   497,240
DIVERSIFIED CONSUMER SERVICES (1.0%)
H&R Block, Inc. 18,900   432,054
ELECTRONIC EQUIPMENT, INSTRUMENTS &
COMPONENTS (2.1%)
Jabil, Inc. 7,500   461,175
Keysight Technologies, Inc.(a) 2,800   472,696
      933,871
EQUITY REAL ESTATE INVESTMENT TRUSTS (4.9%)
American Tower Corp. 2,700   679,050
Equinix, Inc. 700   507,430
Iron Mountain, Inc. 10,100   463,792
Simon Property Group, Inc. 3,600   529,920
      2,180,192
HEALTH CARE PROVIDERS & SERVICES (2.0%)
Cardinal Health, Inc. 8,700   448,659
McKesson Corp. 1,700   436,424
      885,083
HOUSEHOLD DURABLES (0.8%)
Tempur Sealy International, Inc. 8,400   334,404
INSURANCE (0.9%)
Marsh & McLennan Cos., Inc. 2,600   399,464
INTERACTIVE MEDIA & SERVICES (7.9%)
Alphabet, Inc., Class A(a) 900   2,435,463
Meta Platforms, Inc., Class A(a) 3,400   1,065,084
      3,500,547
  Shares   Value
INTERNET & DIRECT MARKETING RETAIL (4.7%)
Amazon.com, Inc.(a) 700   $2,094,029
IT SERVICES (6.0%)
Accenture PLC, Class A 2,100   742,518
Gartner, Inc.(a) 1,500   440,835
Genpact Ltd. 8,900   442,775
Mastercard, Inc., Class A 700   270,466
Visa, Inc., Class A 1,600   361,872
Western Union Co. (The) 22,500   425,475
      2,683,941
LEISURE PRODUCTS (0.9%)
Brunswick Corp. 4,600   417,634
LIFE SCIENCES TOOLS & SERVICES (1.3%)
Mettler-Toledo International, Inc.(a) 400   589,072
MULTILINE RETAIL (1.1%)
Target Corp. 2,200   484,946
PAPER & FOREST PRODUCTS (0.8%)
Louisiana-Pacific Corp. 5,600   372,064
PHARMACEUTICALS (1.3%)
Zoetis, Inc. 2,900   579,391
PROFESSIONAL SERVICES (1.7%)
Booz Allen Hamilton Holding Corp. 4,600   352,958
Robert Half International, Inc. 3,700   419,062
      772,020
REAL ESTATE MANAGEMENT & DEVELOPMENT (1.0%)
CBRE Group, Inc., Class A(a) 4,500   456,030
ROAD & RAIL (1.0%)
Landstar System, Inc. 2,900   464,000
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (4.0%)
Broadcom, Inc. 100   58,588
NVIDIA Corp. 5,000   1,224,300
QUALCOMM, Inc. 2,800   492,128
      1,775,016
SOFTWARE (22.9%)
Adobe, Inc.(a) 1,600   854,880
Cadence Design Systems, Inc.(a) 3,600   547,704
Dropbox, Inc., Class A(a) 16,300   403,425
Intuit, Inc. 100   55,523
Manhattan Associates, Inc.(a) 2,500   334,675
 
See notes to Schedules of Portfolio Investments.
52
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD LARGE CAP GROWTH FUND
  Shares   Value
Microsoft Corp. 17,000   $5,286,660
NortonLifeLock, Inc. 15,500   403,155
Oracle Corp. 6,700   543,772
salesforce.com, Inc.(a) 1,700   395,471
Synopsys, Inc.(a) 1,700   527,850
Teradata Corp.(a) 9,700   391,298
VMware, Inc., Class A 3,500   449,680
      10,194,093
SPECIALTY RETAIL (8.1%)
AutoZone, Inc.(a) 200   397,270
Bath & Body Works, Inc. 8,200   459,774
Home Depot, Inc. (The) 1,000   366,980
Lowe’s Cos., Inc. 3,300   783,255
Tractor Supply Co. 2,200   480,282
Ulta Beauty, Inc.(a) 1,200   436,488
Victoria's Secret & Co.(a) 4,300   240,069
Williams-Sonoma, Inc. 2,600   417,404
      3,581,522
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS (14.6%)
Apple, Inc. 29,300   5,121,054
Dell Technologies, Inc., Class C(a) 8,000   454,480
HP, Inc. 12,800   470,144
NetApp, Inc. 5,000   432,550
      6,478,228
  Shares   Value
TEXTILES, APPAREL & LUXURY GOODS (3.9%)
Columbia Sportswear Co. 4,400   $408,628
Deckers Outdoor Corp.(a) 1,400   448,322
Hanesbrands, Inc. 28,200   454,020
Tapestry, Inc. 11,100   421,245
      1,732,215
TOTAL COMMON STOCKS
(COST $47,008,072) 		    44,444,519
MONEY MARKET FUND (1.7%)
Northern Institutional Treasury Portfolio (Premier Class), 0.01%(b) 748,174   748,174
TOTAL MONEY MARKET FUND
(COST $748,174) 		    748,174
TOTAL INVESTMENTS
(COST $47,756,246) 100.0% 		    45,192,693
LIABILITIES IN EXCESS OF OTHER ASSETS (1.6)%     (723,744)
NET ASSETS 100.0%     $44,468,949
 
    
(a) Represents non-income producing security.
(b) 7-day current yield as of January 31, 2022 is disclosed.
    
PLC — Public Limited Company
 
See notes to Schedules of Portfolio Investments.
53
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD LARGE CAP VALUE FUND

The table below sets forth the diversification of the Steward Large Cap Value Fund investments by Industry.

    
Industry Diversification   Percent*
Capital Markets   9.8%
Health Care Providers & Services   8.5
Banks   8.4
Software   6.4
Insurance   5.8
Equity Real Estate Investment Trusts   5.5
Specialty Retail   5.1
IT Services   3.4
Communications Equipment   3.2
Technology Hardware, Storage & Peripherals   3.1
Semiconductors & Semiconductor Equipment   2.7
Textiles, Apparel & Luxury Goods   2.7
Oil, Gas & Consumable Fuels   2.6
Diversified Telecommunication Services   2.6
Professional Services   2.4
Real Estate Management & Development   2.3
Pharmaceuticals   2.3
Building Products   2.3
Media   2.2
Multiline Retail   2.1
Interactive Media & Services   1.9
Diversified Financial Services   1.8
Industry Diversification   Percent*
Biotechnology   1.4%
Road & Rail   1.4
Food & Staples Retailing   1.1
Commercial Services & Supplies   1.1
Health Care Technology   1.0
Household Products   0.9
Machinery   0.9
Thrifts & Mortgage Finance   0.9
Consumer Finance   0.9
Diversified Consumer Services   0.8
Electronic Equipment, Instruments
& Components 		  0.8
Life Sciences Tools & Services   0.6
Containers & Packaging   0.4
Entertainment   0.2
Health Care Equipment & Supplies   0.2
Food Products   0.1
Money Market Fund   0.1
Total Investments   99.9%
    
 
* Percentages indicated are based on net assets as of January 31, 2022.
See notes to Schedules of Portfolio Investments.
54
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD LARGE CAP VALUE FUND
  Shares   Value
COMMON STOCKS (99.8%)
BANKS (8.4%)
Bank of America Corp. 33,200   $1,531,848
Comerica, Inc. 6,200   575,236
JPMorgan Chase & Co. 10,900   1,619,740
Popular, Inc. 5,800   517,186
Regions Financial Corp. 26,000   596,440
Wells Fargo & Co. 1,200   64,560
      4,905,010
BIOTECHNOLOGY (1.4%)
Gilead Sciences, Inc. 12,000   824,160
BUILDING PRODUCTS (2.3%)
Johnson Controls International PLC 10,000   726,700
Owens Corning 6,800   603,160
      1,329,860
CAPITAL MARKETS (9.8%)
Ameriprise Financial, Inc. 2,000   608,620
Bank of New York Mellon Corp. (The) 12,000   711,120
BlackRock, Inc. 1,100   905,234
Goldman Sachs Group, Inc. (The) 2,500   886,700
Janus Henderson Group PLC 16,300   601,470
Moody's Corp. 300   102,900
Morgan Stanley 9,500   974,130
S&P Global, Inc. 1,100   456,742
T. Rowe Price Group, Inc. 2,900   447,847
      5,694,763
COMMERCIAL SERVICES & SUPPLIES (1.1%)
Republic Services, Inc. 5,100   651,066
COMMUNICATIONS EQUIPMENT (3.2%)
Arista Networks, Inc.(a) 4,900   609,119
Cisco Systems, Inc. 22,100   1,230,307
Lumentum Holdings, Inc.(a) 200   20,296
      1,859,722
CONSUMER FINANCE (0.9%)
Ally Financial, Inc. 11,200   534,464
CONTAINERS & PACKAGING (0.4%)
Amcor PLC 18,500   222,185
DIVERSIFIED CONSUMER SERVICES (0.8%)
H&R Block, Inc. 20,600   470,916
DIVERSIFIED FINANCIAL SERVICES (1.8%)
Berkshire Hathaway, Inc., Class B(a) 3,400   1,064,268
  Shares   Value
DIVERSIFIED TELECOMMUNICATION SERVICES (2.6%)
AT&T, Inc. 37,800   $963,900
Lumen Technologies, Inc. 39,600   489,456
Verizon Communications, Inc. 800   42,584
      1,495,940
ELECTRONIC EQUIPMENT, INSTRUMENTS &
COMPONENTS (0.8%)
Jabil, Inc. 8,000   491,920
ENTERTAINMENT (0.2%)
Walt Disney Co. (The)(a) 700   100,079
EQUITY REAL ESTATE INVESTMENT TRUSTS (5.5%)
Equinix, Inc. 700   507,430
Iron Mountain, Inc. 11,000   505,120
Prologis, Inc. 5,800   909,556
Simon Property Group, Inc. 4,000   588,800
Weyerhaeuser Co. 17,000   687,310
      3,198,216
FOOD & STAPLES RETAILING (1.1%)
Walgreens Boots Alliance, Inc. 13,400   666,784
FOOD PRODUCTS (0.1%)
Mondelez International, Inc., Class A 1,300   87,139
HEALTH CARE EQUIPMENT & SUPPLIES (0.2%)
Hologic, Inc.(a) 1,700   119,408
HEALTH CARE PROVIDERS & SERVICES (8.5%)
AmerisourceBergen Corp. 4,800   653,760
Cigna Corp. 3,400   783,564
CVS Health Corp. 9,100   969,241
Henry Schein, Inc.(a) 7,900   594,870
Humana, Inc. 1,700   667,250
Laboratory Corporation of America Holdings(a) 2,400   651,264
Quest Diagnostics, Inc. 4,600   621,092
      4,941,041
HEALTH CARE TECHNOLOGY (1.0%)
Cerner Corp. 6,400   583,680
HOUSEHOLD PRODUCTS (0.9%)
Procter & Gamble Co. (The) 3,300   529,485
INSURANCE (5.8%)
Chubb Ltd. 3,900   769,392
First American Financial Corp. 6,900   514,119
Hartford Financial Services Group, Inc. (The) 8,200   589,334
 
See notes to Schedules of Portfolio Investments.
55
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD LARGE CAP VALUE FUND
  Shares   Value
Marsh & McLennan Cos., Inc. 5,100   $783,564
MetLife, Inc. 10,700   717,542
      3,373,951
INTERACTIVE MEDIA & SERVICES (1.9%)
Alphabet, Inc., Class A(a) 400   1,082,428
IT SERVICES (3.4%)
Accenture PLC, Class A 1,900   671,802
Genpact Ltd. 12,500   621,875
International Business Machines Corp. 1,000   133,570
Western Union Co. (The) 28,100   531,371
      1,958,618
LIFE SCIENCES TOOLS & SERVICES (0.6%)
Agilent Technologies, Inc. 2,300   320,436
MACHINERY (0.9%)
Cummins, Inc. 2,500   552,200
MEDIA (2.2%)
Comcast Corp., Class A 1,600   79,984
Interpublic Group of Cos., Inc. (The) 17,800   632,612
Omnicom Group, Inc. 7,400   557,664
      1,270,260
MULTILINE RETAIL (2.1%)
Kohl's Corp. 8,700   519,477
Target Corp. 3,100   683,333
      1,202,810
OIL, GAS & CONSUMABLE FUELS (2.6%)
Chevron Corp. 1,300   170,729
ConocoPhillips 4,200   372,204
Exxon Mobil Corp. 4,400   334,224
Marathon Petroleum Corp. 8,900   638,575
      1,515,732
PHARMACEUTICALS (2.3%)
Eli Lilly & Co. 2,900   711,631
Zoetis, Inc. 3,100   619,349
      1,330,980
PROFESSIONAL SERVICES (2.4%)
FTI Consulting, Inc.(a) 2,600   379,106
ManpowerGroup, Inc. 5,200   545,324
Robert Half International, Inc. 4,400   498,344
      1,422,774
  Shares   Value
REAL ESTATE MANAGEMENT & DEVELOPMENT (2.3%)
CBRE Group, Inc., Class A(a) 6,800   $689,112
Jones Lang LaSalle, Inc.(a) 2,500   626,975
      1,316,087
ROAD & RAIL (1.4%)
CSX Corp. 23,300   797,326
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (2.7%)
Cirrus Logic, Inc.(a) 5,600   500,864
Intel Corp. 22,400   1,093,568
      1,594,432
SOFTWARE (6.4%)
NortonLifeLock, Inc. 21,600   561,816
Oracle Corp. 7,500   608,700
salesforce.com, Inc.(a) 3,500   814,205
Synopsys, Inc.(a) 2,100   652,050
Teradata Corp.(a) 11,900   480,046
VMware, Inc., Class A 4,800   616,704
      3,733,521
SPECIALTY RETAIL (5.1%)
AutoZone, Inc.(a) 300   595,905
Bath & Body Works, Inc. 11,000   616,770
Dick's Sporting Goods, Inc. 4,800   553,920
O'Reilly Automotive, Inc.(a) 1,000   651,750
Williams-Sonoma, Inc. 3,400   545,836
      2,964,181
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS (3.1%)
Dell Technologies, Inc., Class C(a) 10,700   607,867
Hewlett Packard Enterprise Co. 37,300   609,109
HP, Inc. 16,600   609,718
      1,826,694
TEXTILES, APPAREL & LUXURY GOODS (2.7%)
Hanesbrands, Inc. 31,000   499,100
PVH Corp. 6,400   608,064
Tapestry, Inc. 11,800   447,810
      1,554,974
THRIFTS & MORTGAGE FINANCE (0.9%)
MGIC Investment Corp. 33,600   510,048
TOTAL COMMON STOCKS
(COST $59,308,029) 		    58,097,558
 
See notes to Schedules of Portfolio Investments.
56
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD LARGE CAP VALUE FUND
  Shares   Value
MONEY MARKET FUND (0.1%)
Northern Institutional Treasury Portfolio (Premier Class), 0.01% 60,954   $60,954
TOTAL MONEY MARKET FUND
(COST $60,954) 		    60,954
TOTAL INVESTMENTS
(COST $59,368,983) 100.0% 		    58,158,512
OTHER ASSETS IN EXCESS OF LIABILITIES 0.1%     53,885
NET ASSETS 100.0%     $58,212,397
 
(a) Represents non-income producing security.
    
PLC — Public Limited Company
S&P — Standard & Poor's
 
See notes to Schedules of Portfolio Investments.
57
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD SMALL CAP GROWTH FUND

The table below sets forth the diversification of the Steward Small Cap Growth Fund investments by Industry.

    
Industry Diversification   Percent*
Software   13.4%
Equity Real Estate Investment Trusts   5.4
Health Care Providers & Services   5.0
Diversified Consumer Services   4.8
Health Care Technology   4.3
Semiconductors & Semiconductor Equipment   4.2
Biotechnology   4.1
Money Market Fund   3.8
Hotels, Restaurants & Leisure   3.6
Machinery   3.2
Food Products   3.2
Capital Markets   3.1
Health Care Equipment & Supplies   3.1
Banks   3.0
Life Sciences Tools & Services   2.8
Electrical Equipment   2.7
Independent Power and Renewable Electricity Producers   2.5
Media   2.3
Household Durables   2.0
Insurance   1.9
Trading Companies & Distributors   1.7
Industry Diversification   Percent*
Building Products   1.6%
Road & Rail   1.6
Chemicals   1.6
IT Services   1.5
Oil, Gas & Consumable Fuels   1.3
Specialty Retail   1.3
Real Estate Management & Development   1.3
Pharmaceuticals   1.2
Entertainment   1.2
Commercial Services & Supplies   1.2
Professional Services   1.2
Metals & Mining   1.2
Textiles, Apparel & Luxury Goods   1.1
Leisure Products   0.9
Auto Components   0.9
Energy Equipment & Services   0.5
Electronic Equipment, Instruments
& Components 		  0.4
Total Investments   100.1%
    
 
* Percentages indicated are based on net assets as of January 31, 2022.
See notes to Schedules of Portfolio Investments.
58
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD SMALL CAP GROWTH FUND
  Shares   Value
COMMON STOCKS (96.3%)
AUTO COMPONENTS (0.9%)
Visteon Corp.(a) 2,930   $297,424
BANKS (3.0%)
Financial Institutions, Inc. 9,450   304,668
First Busey Corp. 15,120   421,546
Silvergate Capital Corp., Class A(a) 2,470   266,118
      992,332
BIOTECHNOLOGY (4.1%)
Arrowhead Pharmaceuticals, Inc.(a) 2,300   121,348
Denali Therapeutics, Inc.(a) 2,180   74,599
Halozyme Therapeutics, Inc.(a) 9,690   335,371
Intellia Therapeutics, Inc.(a) 2,500   236,425
Iovance Biotherapeutics, Inc.(a) 6,000   99,900
Natera, Inc.(a) 5,000   353,250
Twist Bioscience Corp.(a) 2,340   139,043
      1,359,936
BUILDING PRODUCTS (1.6%)
Simpson Manufacturing Co., Inc. 4,800   541,392
CAPITAL MARKETS (3.1%)
Cboe Global Markets, Inc. 4,340   514,420
Federated Hermes, Inc. 10,870   359,906
Open Lending Corp., Class A(a) 7,510   142,615
      1,016,941
CHEMICALS (1.6%)
Sensient Technologies Corp. 6,150   521,151
COMMERCIAL SERVICES & SUPPLIES (1.2%)
Casella Waste Systems, Inc.(a) 5,330   404,973
DIVERSIFIED CONSUMER SERVICES (4.8%)
Bright Horizons Family Solutions, Inc.(a) 2,210   283,786
Carriage Services, Inc. 6,450   324,564
Chegg, Inc.(a) 15,000   397,050
Frontdoor, Inc.(a) 7,130   258,819
Grand Canyon Education, Inc.(a) 3,690   308,779
      1,572,998
ELECTRICAL EQUIPMENT (2.7%)
Bloom Energy Corp., Class A(a) 11,340   171,007
  Shares   Value
Plug Power, Inc.(a) 13,270   $290,215
Vertiv Holdings Co. 19,600   408,856
      870,078
ELECTRONIC EQUIPMENT, INSTRUMENTS &
COMPONENTS (0.4%)
908 Devices, Inc.(a) 8,460   133,837
ENERGY EQUIPMENT & SERVICES (0.5%)
Aspen Aerogels, Inc.(a) 5,950   176,715
ENTERTAINMENT (1.2%)
World Wrestling Entertainment, Inc., Class A 7,670   383,040
EQUITY REAL ESTATE INVESTMENT TRUSTS (5.4%)
DigitalBridge Group, Inc.(a) 81,560   595,388
Four Corners Property Trust, Inc. 17,990   486,989
National Storage Affiliates Trust 11,340   698,091
      1,780,468
FOOD PRODUCTS (3.2%)
Calavo Growers, Inc. 10,140   419,897
Lamb Weston Holdings, Inc. 6,070   389,755
Lancaster Colony Corp. 1,500   238,155
      1,047,807
HEALTH CARE EQUIPMENT & SUPPLIES (3.1%)
Inmode Ltd.(a) 7,070   340,986
Outset Medical, Inc.(a) 6,040   224,628
Shockwave Medical, Inc.(a) 3,010   436,360
      1,001,974
HEALTH CARE PROVIDERS & SERVICES (5.0%)
HealthEquity, Inc.(a) 9,810   524,247
Joint Corp. (The)(a) 6,510   351,800
LHC Group, Inc.(a) 2,200   273,020
R1 RCM, Inc.(a) 20,040   476,551
      1,625,618
HEALTH CARE TECHNOLOGY (4.3%)
Health Catalyst, Inc.(a) 10,030   299,395
Inspire Medical Systems, Inc.(a) 1,730   382,832
Omnicell, Inc.(a) 2,930   439,910
Vocera Communications, Inc.(a) 3,590   283,646
      1,405,783
 
See notes to Schedules of Portfolio Investments.
59
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD SMALL CAP GROWTH FUND
  Shares   Value
HOTELS, RESTAURANTS & LEISURE (3.6%)
Choice Hotels International, Inc. 3,310   $474,654
First Watch Restaurant Group, Inc.(a) 17,100   257,184
Papa John's International, Inc. 3,640   449,358
      1,181,196
HOUSEHOLD DURABLES (2.0%)
Lovesac (The), Co.(a) 4,540   244,479
M.D.C Holdings, Inc. 7,880   399,437
      643,916
INDEPENDENT POWER AND RENEWABLE ELECTRICITY
PRODUCERS (2.5%)
Clearway Energy, Inc., Class C 14,980   504,526
Vistra Corp. 15,000   327,150
      831,676
INSURANCE (1.9%)
Goosehead Insurance, Inc., Class A 3,180   313,484
Trupanion, Inc.(a) 3,250   309,563
      623,047
IT SERVICES (1.5%)
BigCommerce Holdings, Inc. - Series 1(a) 4,810   157,239
DigitalOcean Holdings, Inc.(a) 6,100   349,774
      507,013
LEISURE PRODUCTS (0.9%)
Malibu Boats, Inc., Class A(a) 4,540   298,096
LIFE SCIENCES TOOLS & SERVICES (2.8%)
Medpace Holdings, Inc.(a) 2,000   354,920
NeoGenomics, Inc.(a) 9,360   210,975
Sotera Health Co.(a) 17,000   365,670
      931,565
MACHINERY (3.2%)
Donaldson Co., Inc. 6,130   341,196
ESCO Technologies, Inc. 4,690   374,168
Mueller Water Products, Inc., Class A 25,280   324,848
      1,040,212
MEDIA (2.3%)
TechTarget, Inc.(a) 5,380   446,217
WideOpenWest, Inc.(a) 15,820   294,410
      740,627
  Shares   Value
METALS & MINING (1.2%)
MP Materials Corp.(a) 9,920   $396,205
OIL, GAS & CONSUMABLE FUELS (1.3%)
Renewable Energy Group, Inc.(a) 10,800   434,808
PHARMACEUTICALS (1.2%)
Pacira BioSciences, Inc.(a) 5,000   313,850
Reata Pharmaceuticals, Inc., Class A(a) 2,500   70,300
      384,150
PROFESSIONAL SERVICES (1.2%)
Upwork, Inc.(a) 14,080   382,976
REAL ESTATE MANAGEMENT & DEVELOPMENT (1.3%)
Tricon Residential, Inc. 29,000   426,010
ROAD & RAIL (1.6%)
Landstar System, Inc. 3,194   511,040
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (4.2%)
Lattice Semiconductor Corp.(a) 9,130   504,159
Silicon Laboratories, Inc.(a) 3,310   546,779
Synaptics, Inc.(a) 1,580   332,353
      1,383,291
SOFTWARE (13.4%)
Appian Corp.(a) 4,690   264,375
Blackline, Inc.(a) 3,030   278,366
Box, Inc., Class A(a) 16,190   423,045
KnowBe4, Inc., Class A(a) 14,170   338,946
Manhattan Associates, Inc.(a) 2,550   341,369
Q2 Holdings, Inc.(a) 6,080   396,720
Qualys, Inc.(a) 4,780   612,509
Rapid7, Inc.(a) 4,750   457,568
Sprout Social, Inc., Class A(a) 4,360   300,186
Varonis Systems, Inc.(a) 12,770   475,810
Workiva, Inc.(a) 4,410   521,615
      4,410,509
SPECIALTY RETAIL (1.3%)
Academy Sports & Outdoors, Inc.(a) 10,740   417,786
TEXTILES, APPAREL & LUXURY GOODS (1.1%)
Under Armour, Inc., Class A(a) 19,170   360,971
 
See notes to Schedules of Portfolio Investments.
60
STEWARD FUNDS
SCHEDULE OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
STEWARD SMALL CAP GROWTH FUND
  Shares   Value
TRADING COMPANIES & DISTRIBUTORS (1.7%)
Karat Packaging, Inc.(a) 12,490   $206,460
SiteOne Landscape Supply, Inc.(a) 1,960   353,035
      559,495
TOTAL COMMON STOCKS
(COST $36,949,432) 		    31,597,056
MONEY MARKET FUND (3.8%)
Northern Institutional Treasury Portfolio (Premier Class), 0.01%(b) 1,241,323   1,241,323
TOTAL MONEY MARKET FUND
(COST $1,241,324) 		    1,241,323
  Shares   Value
TOTAL INVESTMENTS
(COST $38,190,756) 100.0% 		    $32,838,379
LIABILITIES IN EXCESS OF OTHER ASSETS (0.1)%     (25,378)
NET ASSETS 100.0%     $32,813,001
 
    
(a) Represents non-income producing security.
(b) 7-day current yield as of January 31, 2022 is disclosed.
 
See notes to Schedules of Portfolio Investments.
61
STEWARD FUNDS
NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS — January 31, 2022 (Unaudited)
Portfolio Valuation: Steward Funds, Inc. (individually a ‘‘Fund’’ and, collectively, the ‘‘Funds’’) consists of eleven Funds — Steward Covered Call Income Fund, Steward Global Equity Income Fund, Steward International Enhanced Index Fund, Steward Select Bond Fund, Steward Values-Focused Large Cap Enhanced Index Fund, Steward Values-Focused Small-Mid Cap Enhanced Index Fund, Steward Equity Market Neutral Fund, Steward Large Cap Core Fund, Steward Large Cap Growth Fund, Steward Large Cap Value Fund and Steward Small Cap Growth Fund. Fund investments are recorded at fair value. In determining fair value, the Funds use various valuation approaches. Equity securities listed on a domestic or foreign exchange are valued at the last sale price on the day of valuation or, if there was no sale that day, at the mean between the last reported bid and asked prices as of the close of trading. Equity securities traded on The NASDAQ Stock Market LLC (‘‘NASDAQ’’) use the official closing price, if available, and otherwise, use the last reported sale price, or the mean between the last reported bid and asked prices if there was no sale on that day. Equity securities that are traded in the over-the-counter market only, but that are not included on NASDAQ, are valued at the last sale price on the day of valuation. Debt securities including corporate bonds and U.S government agency, mortgage-backed, and treasury obligations, with a remaining maturity of sixty days or more are valued at the bid price as obtained from a Fund's designated pricing service. Factors considered by pricing services include market characteristics such as benchmark yield curves, options adjusted spreads, credit spreads and fundamental analytical data related to the issuer. Debt securities with a remaining maturity of less than sixty days are valued at amortized cost, which approximates fair value. Money market funds are valued at net asset value per share. Written options are valued at the last sale price, if any, and are otherwise at the most recent bid for long options and the most recent ask for short options. All other securities and securities for which prices are not available or with no readily determinable market values are valued at their fair value in accordance with policies and procedures adopted by the Funds' Board of Directors.
Accounting principals generally accepted in the United States of America (‘‘GAAP’’) establishes a fair value hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are those that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Funds. Unobservable inputs reflect the Funds’ assumptions about the inputs market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.
The fair value hierarchy is categorized into three levels based on the inputs as follows:
Level 1 — Quoted prices in active markets for identical securities and net asset values for money market funds.
Level 2 — Other significant observable inputs other than Level 1 quoted prices (including, but not limited to, quoted prices for similar securities, interest rates, prepayment speeds and credit risks).
Level 3 — Significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments).
Pursuant to these valuation policies, equity securities and written options contracts are generally categorized as Level 1 securities in the fair value hierarchy (unless there is a fair valuation event, in which case affected securities are generally categorized as Level 2). Debt securities are generally categorized as Level 2 securities in the fair value hierarchy, except that U.S. Treasury debt securities may be categorized as Level 1. Money market funds are generally categorized as Level 1 securities in the fair value hierarchy. Changes in valuation techniques may result in transfers in or out of an assigned level within the fair value hierarchy.
62
The following table presents a summary of inputs used to value the Funds’ investments as of January 31, 2022:
    Investments in Securities
Fund   LEVEL 1   LEVEL 2   LEVEL 3   Total
Steward Covered Call Income Fund                
Security Type                
Common Stocks*
  $15,676,856   $—   $—   $15,676,856
Money Market Fund
  128,373   —   —   128,373
Total Investment Securities
  $15,805,229   $  —   $  —   $15,805,229
Other Financial Instruments:^                
Written Call Options
  $(405,479)   $—   $—   $(405,479)
Total Investments
  $15,399,750   $  —   $  —   $15,399,750
Steward Global Equity Income Fund                
Security Type                
Common Stocks*
  $296,580,101   $—   $—   $296,580,101
Preferred Stocks*
  4,007,331   —   —   4,007,331
Money Market Fund
  6,263,483   —   —   6,263,483
Total Investments
  $306,850,915   $  —   $  —   $306,850,915
Steward International Enhanced Index Fund                
Security Type                
Common Stocks*
  $210,291,808   $—   $1,376,051   $211,667,859
Master Limited Partnerships*
  915,711   —   —   915,711
Preferred Stocks*
  3,106,511   —   —   3,106,511
Money Market Fund
  5,068,040   —   —   5,068,040
Total Investments
  $219,382,070   $  —   $1,376,051   $220,758,121
Steward Select Bond Fund                
Security Type                
Asset-backed securities
  $—   $94,299   $—   $94,299
Corporate Bonds*
  —   113,235,678   —   113,235,678
Municipal Bonds
  —   5,773,923   —   5,773,923
U.S. Government Agencies
  —   26,252,104   —   26,252,104
U.S. Government Agency Mortgage-Backed Obligations
  —   8,708,537   —   8,708,537
U.S. Treasury Obligations
  —   11,937,304   —   11,937,304
Money Market Fund
  969,681   —   —   969,681
Total Investments
  $969,681   $166,001,845   $  —   $166,971,526
Steward Values-Focused Large Cap Enhanced Index Fund                
Security Type                
Common Stocks*
  $243,527,982   $—   $—   $243,527,982
Money Market Fund
  3,403,848   —   —   3,403,848
Total Investments
  $246,931,830   $  —   $  —   $246,931,830
Steward Values-Focused Small-Mid Cap Enhanced Index Fund                
Security Type                
Common Stocks*
  $198,318,040   $—   $—   $198,318,040
Right*
  —   —   —**   —**
Money Market Fund
  2,525,954   —   —   2,525,954
Total Investments
  $200,843,994   $  —   $  —**   $200,843,994
Steward Equity Market Neutral Fund                
Security Type                
Common Stocks*
  $23,422,508   $—   $—   $23,422,508
Common Stocks Sold Short*
  (21,545,902)   —   —   (21,545,902)
Money Market Fund
  23,043,690   —   —   23,043,690
Total Investments
  $24,920,296   $  —   $  —   $24,920,296
Steward Large Cap Core Fund                
63
    Investments in Securities 
Fund   LEVEL 1   LEVEL 2   LEVEL 3   Total
Security Type                
Common Stocks*
  $69,925,296   $—   $—   $69,925,296
Money Market Fund
  1,045,882   —   —   1,045,882
Total Investments
  $70,971,178   $  —   $  —   $70,971,178
Steward Large Cap Growth Fund                
Security Type                
Common Stocks*
  $44,444,519   $—   $—   $44,444,519
Money Market Fund
  748,174   —   —   748,174
Total Investments
  $45,192,693   $  —   $  —   $45,192,693
Steward Large Cap Value Fund                
Security Type                
Common Stocks*
  $58,097,558   $—   $—   $58,097,558
Money Market Fund
  60,954   —   —   60,954
Total Investments
  $58,158,512   $  —   $  —   $58,158,512
Steward Small Cap Growth Fund                
Security Type                
Common Stocks*
  $31,597,056   $—   $—   $31,597,056
Money Market Fund
  1,241,323   —   —   1,241,323
Total Investments
  $32,838,379   $  —   $  —   $32,838,379
    
* Please refer to the Schedule of Portfolio Investments to view common stocks, master limited partnerships, corporate bonds, preferred stocks, and rights segregated by industry type.
** Level 3 security has zero value.
^ Other Financial Instruments would include any derivative instruments, such as written options contracts. These investments are generally recorded in the financial statements at fair value.
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Securities Transactions and Investment Income: Portfolio security transactions are recorded on the trade date. Net realized gains or losses on sales of securities are determined by the identified cost method. Interest income, adjusted for accretion of discounts and amortization of premiums is recorded on the accrual basis. Debt obligations may be placed in non-accrual status and related interest income may be reduced by ceasing current accruals and writing off interest receivables when the collection of all or a portion of interest has become doubtful as identified by the Funds' investment adviser. The treatment of such interest income may be different for federal income tax purposes. Discounts and premiums on securities purchased are amortized or accreted using the effective interest method. Dividend income is recorded on the ex-dividend date, or as soon as practical after a Fund determines the existence of a dividend declaration after exercising reasonable due diligence. Income and capital gains on some foreign securities may be subject to foreign withholdings taxes, which are accrued as applicable, and have been provided for in accordance with the Funds’ understanding of the applicable country’s tax rules and regulations.
Written Options Contracts: Steward Covered Call Income Fund may write (sell) covered call options. Premiums received from written options contracts are recorded as liabilities and are marked-to-market to reflect the current value of the options written. When writing an option, the Fund bears the market risk of unfavorable changes in the price of the underlying instrument.
For additional information regarding the Funds’ valuation of investments and other significant accounting policies, please refer to the most recent annual or semi-annual report.
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