Schedule of Investments
June 30, 2020 (unaudited)
Nysa Fund
		Shares or Principal
Security Description		Amount ($)		Fair Value ($)(1)
Common Stocks - 73.85%
Beverages - 4.20%
Constellation Brands, Inc. Class A		400		69,980
Blank Checks - 3.99%
DraftKings, Inc. Class A (2)		2,000		66,520
Electric Services - 0.77%
CGE Energy, Inc.  (2)		102,376		12,797
Electronic Computers - 4.38%
Apple, Inc.  (2)		200		72,960
Pharmacueitcal Prepartions - 20.14%
Ligand Pharmaceuticals, Inc.		3,000		335,550
Raceway Operations - 0.00%
Central New York Raceway Park, Inc.  (2)		25,000		0
Retail-Catalog & Mail-Order Houses - 4.14%
Amazon.com, Inc.  (2)		25		68,970
Retail-Variety Stores - 3.43%
Dollar General, Corp.		300		57,153
Security & Commodity Brokers, Dealers, Exchanges & Services - 2.93%
CME Group, Inc.		300		48,762
Services-Computer Integrated Systems Design - 1.30%
CACI International, Inc. Class A  (2)		100		21,688
Services-Computer Programming, Data Processing, Etc. - 2.73%
Facebook, Inc. Class A  (2)		200		45,414
Services-Prepackaged Software - 1.81%
CrowdStrike Holdings, Inc.  (2)		300		30,087
Surgical & Medical Instruments - 24.04%
Transluminal Technologies, LLC (2) (7)		84,332		400,577
Total Common Stock		(Cost $                   944,302)		1,230,458
Real Estate Investment Trusts - 2.91%
Coresite Realty, Corp.		400		48,424
Total Real Estate Investment Trusts		(Cost $                   718,012)		48,424
Money Market Registered Investment Companies - 23.25%
Federated Treasury Obligation Fund - Insitutional Shares 0.10% (5)		1,000		387,316
Total Money Market Registered Investment Companies		(Cost $                   387,316)		387,316
Total Investments - 100.01%		(Cost $                1,331,618)		1,666,198
Other Assets less Liabilities - -.01%				(100)
Total Net Assets - 100.00%				1,666,098
(1)  Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments.
These inputs are summarized in the three broad levels listed below.
• Level 1 - quoted prices in active markets for identical securities
• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)
The following is a summary of the inputs used as of June 30, 2020 in valuing the Fund's assets carried at fair value:
		Investments in		Other Financial
Valuation Inputs		Securities		Instruments (9)
Level 1 - Quoted Prices	$	1,265,621	$	0
Level 2 - Other Significant Observable Inputs		0		-
Level 3 - Significant Unobservable Inputs		400,577		-
Total	$	1,666,198	$	0
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term
debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment
Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active
market, such securities are reflected as Level 2.
(2)  Represents non-income producing securities.
(3)  All or a portion of this security is on loan.
(4)  Investment purchased with cash received as securities lending collateral. The yield shown represents the 7-day yield in effect at June 30, 2020.
(5)  Investment in affiliate. The yield shown represents the 7-day yield in effect at June 30, 2020.
(6)  Assets of affiliates to the Conservative Allocation Fund held for the benefit of the Fund's Trustees in connection with the Trustees Deferred Compensation Plan.
(7)  Fair valued security deemed as Level 3 security.
(8)  Exchange-traded fund.
(9)  Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures contracts, which are valued at the unrealized
appreciation/depreciation on the instrument.