NPORT-EX 2 sociallyresponsive.htm
1919 Socially Responsive Balanced Fund
  
SCHEDULE OF INVESTMENTS
  
September 30, 2021 (Unaudited)
  
                     
Security
      
  
  
Shares
    
Value
  
Common Stocks ― 67.4%
                    
Communication Services ― 7.4%
                    
Alphabet Inc., Class A Shares*
            
9,217
    
$
24,641,834
  
Facebook Inc., Class A*
            
34,941
      
11,858,626
  
Netflix Inc.*
            
16,961
      
10,351,976
  
Walt Disney Co/The*
            
65,259
      
11,039,865
  
Total Communication Services
                    
57,892,301
  
                         
Consumer Discretionary ― 7.8%
                        
Amazon.com Inc.*
            
6,791
      
22,308,706
  
Aptiv PLC*
            
44,352
      
6,607,117
  
Chipotle Mexican Grill Inc.*
            
3,157
      
5,737,911
  
Home Depot Inc/The
            
34,661
      
11,377,820
  
National Vision Holdings Inc.*
            
101,084
      
5,738,539
  
TJX Cos Inc.
            
136,203
      
8,986,674
  
Total Consumer Discretionary
                    
60,756,767
  
                         
Consumer Staples ― 5.1%
                        
Beyond Meat Inc.*
            
42,434
      
4,466,603
  
Costco Wholesale Corp.
            
24,570
      
11,040,529
  
Darling Ingredients Inc.*
            
73,366
      
5,275,015
  
Estee Lauder Cos. Inc., Class A Shares
            
34,404
      
10,318,792
  
PepsiCo Inc.
            
57,502
      
8,648,876
  
Total Consumer Staples
                    
39,749,815
  
                         
Financials ― 8.7%
                        
Bank of America Corp.
            
420,264
      
17,840,207
  
Charles Schwab Corp/The
            
173,437
      
12,633,151
  
Chubb Limited
            
52,656
      
9,134,763
  
CME Group Inc.
            
40,032
      
7,741,388
  
Hannon Armstrong Sustainable Infrastructure Capital Inc.
            
119,045
      
6,366,526
  
Truist Financial Corp.
            
246,166
      
14,437,636
  
Total Financials
                    
68,153,671
  
                         
Health Care ― 10.0%
                        
Boston Scientific Corp.*
            
249,366
      
10,819,991
  
Danaher Corp.
            
48,228
      
14,682,532
  
Genmab A/S*
            
160,002
      
6,992,087
  
IQVIA Holdings Inc.*
            
44,836
      
10,740,016
  
Teleflex Inc.
            
26,677
      
10,045,224
  
Thermo Fisher Scientific Inc.
            
23,524
      
13,439,967
  
UnitedHealth Group Inc.
            
29,356
      
11,470,564
  
Total Health Care
                    
78,190,381
  
                         
Industrials ― 4.7%
                        
Cintas Corp.
            
27,891
      
10,616,988
  
Eaton Corp. PLC
            
67,902
      
10,138,448
  
Illinois Tool Works Inc.
            
18,434
      
3,809,017
  
Union Pacific Corp.
            
38,082
      
7,464,453
  
Verisk Analytics Inc., Class A
            
23,886
      
4,783,649
  
Total Industrials
                    
36,812,555
  
                         
Information Technology ― 20.3%
                        
Adobe Systems Inc.*
            
15,279
      
8,796,426
  
Apple Inc.
            
176,817
      
25,019,605
  
Autodesk Inc.*
            
28,160
      
8,030,387
  
Broadcom Inc.
            
14,545
      
7,053,307
  
Clarivate PLC*
            
172,897
      
3,786,444
  
Intuit Inc.
            
17,221
      
9,290,902
  
Microsoft Corp.
            
101,640
      
28,654,349
  
NVIDIA Corp.
            
76,024
      
15,749,132
  
Palo Alto Networks Inc.*
            
17,955
      
8,600,445
  
PayPal Holdings Inc.*
            
43,153
      
11,228,842
  
QUALCOMM Inc.
            
42,455
      
5,475,846
  
Salesforce.com Inc.*
            
39,527
      
10,720,513
  
SolarEdge Technologies Inc*
            
27,110
      
7,190,114
  
Visa Inc., Class A Shares
            
41,969
      
9,348,595
  
Total Information Technology
                    
158,944,907
  
1919 Socially Responsive Balanced Fund
  
SCHEDULE OF INVESTMENTS
  
September 30, 2021 (Unaudited)(Continued)
  
                         
Security
      
  
  
Shares
    
Value
  
Materials ― 1.1%
                        
Steel Dynamics Inc.
            
31,981
    
$
1,870,249
  
Trex Co Inc.*
            
70,034
      
7,138,566
  
Total Materials
                    
9,008,815
  
                         
Real Estate Investment Trusts (REITS) ― 1.0%
                        
Prologis Inc.
            
63,328
      
8,364,049
  
Total Real Estate Investment Trusts (REITS)
                    
8,364,049
  
                         
Utilities ― 1.2%
                        
American Water Works Co. Inc.
            
55,565
      
9,392,708
  
Total Utilities
                    
9,392,708
  
                         
Total Common Stocks (Cost ― $349,170,056)
                    
527,265,969
  
                         
       
Maturity
  
Face
          
   
Rate
  
Date
  
Amount
          
Asset Backed Securities ― 0.5%
                        
World Omni Auto Receivables Trust 2021-B, A-3
    
0.420
%
6/15/2026
  
$
3,800,000
      
3,797,340
  
Total Asset Backed Securities (Cost ― $3,799,533)
                      
3,797,340
  
                           
Collateralized Mortgage Obligations ― 0.0%
                          
Federal National Mortgage Association (FNMA), 2001-53 CY
    
4.000
%
6/25/2041
    
33,077
      
36,241
  
Total Collateralized Mortgage Obligations (Cost ― $33,498)
                      
36,241
  
                           
Corporate Bonds ― 17.5%
                          
Communication Services ― 2.2%
                          
Alphabet Inc.
    
0.450
%
8/15/2025
    
1,500,000
      
1,480,435
  
AT&T Inc.
    
0.900
%
3/25/2024
    
2,730,000
      
2,734,333
  
AT&T Inc.
    
4.450
%
4/1/2024
    
425,000
      
460,554
  
AT&T Inc.
    
2.300
%
6/1/2027
    
1,350,000
      
1,397,570
  
AT&T Inc.
    
4.350
%
3/1/2029
    
465,000
      
533,063
  
AT&T Inc.
    
2.750
%
6/1/2031
    
1,250,000
      
1,281,611
  
Comcast Corp.
    
3.375
%
2/15/2025
    
210,000
      
226,043
  
Comcast Corp.
    
5.650
%
6/15/2035
    
600,000
      
802,270
  
Verizon Communications Inc.
    
4.329
%
9/21/2028
    
777,000
      
893,187
  
Verizon Communications Inc.
    
3.875
%
2/8/2029
    
410,000
      
459,752
  
Verizon Communications Inc.
    
1.750
%
1/20/2031
    
1,325,000
      
1,258,862
  
Verizon Communications Inc.
    
4.500
%
8/10/2033
    
350,000
      
416,558
  
Verizon Communications Inc.
    
5.250
%
3/16/2037
    
335,000
      
432,724
  
Walt Disney Co/The
    
1.750
%
1/13/2026
    
1,550,000
      
1,590,459
  
Walt Disney Co/The
    
2.200
%
1/13/2028
    
3,215,000
      
3,322,146
  
Total Communication Services
                      
17,289,567
  
                           
Consumer Discretionary ― 2.3%
                          
Amazon.com Inc.
    
0.250
%
5/12/2023
    
3,650,000
      
3,656,839
  
California Endowment/The
    
2.498
%
4/1/2051
    
1,700,000
      
1,640,598
  
Cintas Corp No 2
    
2.900
%
4/1/2022
    
325,000
      
328,613
  
Ford Foundation/The
    
2.415
%
6/1/2050
    
1,000,000
      
952,076
  
Home Depot Inc/The
    
1.500
%
9/15/2028
    
1,900,000
      
1,878,407
  
Lowe's Cos Inc.
    
1.300
%
4/15/2028
    
2,100,000
      
2,042,556
  
Starbucks Corp.
    
2.450
%
6/15/2026
    
250,000
      
262,774
  
Starbucks Corp.
    
2.250
%
3/12/2030
    
1,255,000
      
1,264,696
  
Toyota Motor Credit Corp.
    
0.450
%
7/22/2022
    
2,115,000
      
2,119,473
  
Toyota Motor Credit Corp.
    
1.350
%
8/25/2023
    
740,000
      
753,842
  
Toyota Motor Credit Corp.
    
1.125
%
6/18/2026
    
965,000
      
959,605
  
Whirlpool Corp.
    
2.400
%
5/15/2031
    
1,775,000
      
1,774,660
  
Total Consumer Discretionary
                      
17,634,139
  
                           
Consumer Staples ― 0.5%
                          
PepsiCo Inc.
    
3.100
%
7/17/2022
    
390,000
      
397,089
  
PepsiCo Inc.
    
3.500
%
3/19/2040
    
575,000
      
640,163
  
Walmart Inc.
    
1.800
%
9/22/2031
    
2,700,000
      
2,671,954
  
Total Consumer Staples
                      
3,709,206
  
1919 Socially Responsive Balanced Fund
  
SCHEDULE OF INVESTMENTS
  
September 30, 2021 (Unaudited)(Continued)
  
         
Maturity
  
Face
          
Security
  
Rate
  
Date
  
Amount
    
Value
  
Financials ― 5.9%
                          
Affiliated Managers Group Inc.
    
3.300
%
6/15/2030
  
$
755,000
    
$
807,635
  
Allstate Corp/The
    
1.450
%
12/15/2030
    
1,345,000
      
1,284,871
  
Ares Capital Corp.
    
3.875
%
1/15/2026
    
1,825,000
      
1,951,866
  
Bank of America Corp.(effective 9/25/2024, US SOFR + 0.91)(a)
    
0.981
%
9/25/2025
    
1,650,000
      
1,652,417
  
Bank of America Corp. (effective 1/23/2025, 3M US LIBOR + 0.81%)(a)
    
3.366
%
1/23/2026
    
550,000
      
587,671
  
Bank of America Corp. (3M US LIBOR + 0.76%)(b)
    
0.876
%
9/15/2026
    
1,602,000
      
1,601,288
  
Bank of America Corp.
    
4.183
%
11/25/2027
    
525,000
      
585,313
  
Bank of New York Mellon Corp/The
    
1.600
%
4/24/2025
    
415,000
      
424,167
  
BlackRock Inc.
    
3.250
%
4/30/2029
    
455,000
      
499,435
  
BlackRock Inc.
    
2.400
%
4/30/2030
    
710,000
      
732,069
  
Boston Properties LP
    
4.500
%
12/1/2028
    
1,335,000
      
1,537,055
  
Citigroup Inc.
    
4.500
%
1/14/2022
    
592,000
      
599,075
  
Citigroup Inc. (effective 10/30/2023, US SOFR + 0.686)(a)
    
0.776
%
10/30/2024
    
2,200,000
      
2,208,667
  
Citigroup Inc.
    
5.500
%
9/13/2025
    
325,000
      
375,115
  
Citigroup Inc. (effective 6/3/2030, US SOFR + 2.107)(a)
    
2.572
%
6/3/2031
    
1,500,000
      
1,528,213
  
Crown Castle International Corp.
    
1.050
%
7/15/2026
    
2,050,000
      
2,005,701
  
Goldman Sachs Group Inc.
    
0.481
%
1/27/2023
    
2,750,000
      
2,750,548
  
Goldman Sachs Group Inc.
    
3.500
%
11/16/2026
    
1,830,000
      
1,977,689
  
Goldman Sachs Group Inc.
    
2.600
%
2/7/2030
    
1,250,000
      
1,283,058
  
Host Hotels & Resorts LP
    
3.375
%
12/15/2029
    
1,600,000
      
1,646,306
  
Intercontinental Exchange Inc.
    
3.750
%
12/1/2025
    
500,000
      
549,347
  
JPMorgan Chase & Co. (effective 9/16/2023, US SOFR + 0.60)(a)
    
0.653
%
9/16/2024
    
2,000,000
      
2,005,210
  
MetLife Inc.
    
4.550
%
3/23/2030
    
660,000
      
785,397
  
PNC Financial Services Group Inc.
    
2.200
%
11/1/2024
    
975,000
      
1,021,690
  
Prudential Financial Inc.
    
1.500
%
3/10/2026
    
1,570,000
      
1,593,714
  
Royal Bank of Canada
    
1.150
%
7/14/2026
    
3,500,000
      
3,474,216
  
Simon Property Group LP
    
3.375
%
12/1/2027
    
510,000
      
555,957
  
State Street Corp.
    
3.700
%
11/20/2023
    
370,000
      
396,638
  
State Street Corp.
    
3.550
%
8/18/2025
    
360,000
      
394,943
  
State Street Corp. (effective 11/1/2029, US SOFR + 1.49)(a)
    
3.031
%
11/1/2034
    
1,000,000
      
1,055,582
  
TD Ameritrade Holding Corp.
    
2.950
%
4/1/2022
    
975,000
      
983,775
  
Toronto-Dominion Bank
    
1.150
%
6/12/2025
    
1,175,000
      
1,177,662
  
Truist Financial Corp. (effective 3/2/2026, US SOFR + 0.609)(a)
    
1.267
%
3/2/2027
    
2,675,000
      
2,665,662
  
Wells Fargo & Co. (effective 5/19/2024, US SOFR + 0.51)(a)
    
0.805
%
5/19/2025
    
3,300,000
      
3,308,831
  
Total Financials
                      
46,006,783
  
                           
Health Care ― 1.6%
                          
AbbVie Inc.
    
4.250
%
11/14/2028
    
600,000
      
691,044
  
AbbVie Inc.
    
4.400
%
11/6/2042
    
1,120,000
      
1,336,906
  
Anthem Inc.
    
2.875
%
9/15/2029
    
1,530,000
      
1,610,015
  
Bristol-Myers Squibb Co.
    
3.900
%
2/20/2028
    
365,000
      
412,684
  
Bristol-Myers Squibb Co.
    
3.400
%
7/26/2029
    
725,000
      
801,678
  
Bristol-Myers Squibb Co.
    
1.450
%
11/13/2030
    
1,580,000
      
1,514,548
  
CVS Health Corp.
    
3.875
%
7/20/2025
    
910,000
      
996,395
  
CVS Health Corp.
    
4.780
%
3/25/2038
    
345,000
      
421,231
  
Evernorth Health Inc.
    
3.050
%
11/30/2022
    
600,000
      
614,206
  
Gilead Sciences Inc.
    
1.650
%
10/1/2030
    
1,700,000
      
1,631,417
  
Gilead Sciences Inc.
    
4.600
%
9/1/2035
    
320,000
      
387,838
  
UnitedHealth Group Inc.
    
2.000
%
5/15/2030
    
1,600,000
      
1,602,723
  
UnitedHealth Group Inc.
    
3.500
%
8/15/2039
    
515,000
      
570,310
  
Total Health Care
                      
12,590,995
  
                           
Industrials ― 0.5%
                          
Johnson Controls International PLC
    
1.750
%
9/15/2030
    
2,225,000
      
2,160,036
  
Xylem Inc/NY
    
1.950
%
1/30/2028
    
1,785,000
      
1,796,041
  
Total Industrials
                      
3,956,077
  
                           
Information Technology ― 2.1%
                          
Adobe Systems Inc.
    
2.150
%
2/1/2027
    
850,000
      
890,640
  
Apple Inc.
    
2.850
%
2/23/2023
    
575,000
      
593,126
  
Fortinet Inc.
    
1.000
%
3/15/2026
    
2,185,000
      
2,152,193
  
Mastercard Inc.
    
3.300
%
3/26/2027
    
1,350,000
      
1,484,147
  
Mastercard Inc.
    
1.900
%
3/15/2031
    
4,000,000
      
4,014,740
  
Microsoft Corp.
    
4.200
%
11/3/2035
    
565,000
      
694,255
  
NVIDIA Corp.
    
0.584
%
6/14/2024
    
3,115,000
      
3,119,297
  
QUALCOMM Inc. (3M US LIBOR + 0.73%)(b)
    
0.859
%
1/30/2023
    
340,000
      
343,157
  
QUALCOMM Inc.
    
3.450
%
5/20/2025
    
500,000
      
541,913
  
Salesforce.com Inc.
    
1.500
%
7/15/2028
    
2,135,000
      
2,123,099
  
Total Information Technology
                      
15,956,567
  
1919 Socially Responsive Balanced Fund
  
SCHEDULE OF INVESTMENTS
  
September 30, 2021 (Unaudited)(Continued)
  
         
Maturity
  
Face
          
Security
  
Rate
  
Date
  
Amount
    
Value
  
Materials ― 0.1%
                          
Nutrien Ltd.
    
4.200
%
4/1/2029
  
$
425,000
    
$
484,436
  
Total Materials
                      
484,436
  
                           
Real Estate Investment Trusts (REITS) ― 0.8%
                          
Prologis LP
    
2.250
%
4/15/2030
    
1,620,000
      
1,648,318
  
Prologis LP
    
1.250
%
10/15/2030
    
3,000,000
      
2,808,466
  
Welltower Inc.
    
2.700
%
2/15/2027
    
1,600,000
      
1,690,270
  
Total Real Estate Investment Trust (REITS)
                      
6,147,054
  
                           
Utilities ― 1.5%
                          
Avangrid Inc.
    
3.800
%
6/1/2029
    
650,000
      
723,609
  
DTE Electric Co.
    
1.900
%
4/1/2028
    
2,145,000
      
2,174,380
  
DTE Electric Co.
    
4.050
%
5/15/2048
    
1,480,000
      
1,760,258
  
Duke Energy Carolinas LLC
    
3.350
%
5/15/2022
    
955,000
      
973,345
  
Georgia Power Co.
    
3.250
%
4/1/2026
    
345,000
      
370,069
  
MidAmerican Energy Co.
    
3.650
%
4/15/2029
    
1,375,000
      
1,538,233
  
NextEra Energy Capital Holdings Inc.
    
1.900
%
6/15/2028
    
2,720,000
      
2,721,040
  
Public Service Co of Colorado
    
3.200
%
3/1/2050
    
520,000
      
551,139
  
Union Electric Co.
    
2.625
%
3/15/2051
    
1,280,000
      
1,212,986
  
Total Utilities
                      
12,025,059
  
                           
Total Corporate Bonds (Cost ― $134,114,117)
                      
135,799,883
  
                           
Foreign Government Agency Issues ― 0.4%
                          
International Bank for Reconstruction & Development
    
0.625
%
4/22/2025
    
1,620,000
      
1,614,572
  
International Bank for Reconstruction & Development
    
3.125
%
11/20/2025
    
930,000
      
1,018,114
  
International Finance Corp.
    
2.000
%
10/24/2022
    
785,000
      
800,301
  
Total Foreign Government Agency Issues (Cost ― $3,326,574)
                      
3,432,987
  
                           
Mortgage Backed Securities ― 0.9%
                          
Federal Home Loan Mortgage Corporation (FHLMC)
                          
Gold Pool J04311
    
6.000
%
2/1/2022
    
738
      
740
  
Gold Pool C91417
    
3.500
%
1/1/2032
    
61,963
      
65,900
  
Gold Pool A35826
    
5.000
%
7/1/2035
    
24,946
      
27,466
  
Gold Pool G08112
    
6.000
%
2/1/2036
    
50,238
      
59,441
  
Gold Pool G02564
    
6.500
%
1/1/2037
    
26,217
      
29,501
  
Gold Pool G08179
    
5.500
%
2/1/2037
    
16,927
      
19,758
  
Gold Pool A65694
    
6.000
%
9/1/2037
    
19,969
      
22,789
  
Federal National Mortgage Association (FNMA)
                          
Pool 490446
    
6.500
%
3/1/2029
    
10
      
11
  
Pool 808156
    
4.500
%
2/1/2035
    
7,657
      
8,285
  
Pool 891596
    
5.500
%
6/1/2036
    
641
      
746
  
Pool 190375
    
5.500
%
11/1/2036
    
2,867
      
3,333
  
Pool 916386
    
6.000
%
5/1/2037
    
21,583
      
25,475
  
Pool 946594
    
6.000
%
9/1/2037
    
20,416
      
24,124
  
General National Mortgage Association (GNMA)
                          
Gold Pool MA6310
    
3.000
%
12/20/2034
    
316,503
      
333,295
  
Gold Pool MA6572
    
3.000
%
4/20/2035
    
668,557
      
705,142
  
Gold Pool MA6740
    
2.500
%
8/20/2035
    
1,049,277
      
1,104,589
  
Gold Pool 550763X
    
5.000
%
12/15/2035
    
76,568
      
88,942
  
Gold Pool 003922M
    
7.000
%
11/20/2036
    
12,288
      
14,696
  
Gold Pool MA3873
    
3.000
%
8/20/2046
    
1,277,367
      
1,345,309
  
Gold Pool MA6409
    
3.000
%
1/20/2050
    
811,634
      
848,939
  
Gold Pool 2020-194
    
1.000
%
6/16/2062
    
2,260,209
      
2,191,597
  
Total Mortgage Backed Securities (Cost ― $2,586,724)
                      
6,920,078
  
                           
U.S. Government & Agency Obligations ― 5.8%
                          
Federal Home Loan Banks (FHLB)
    
3.250
%
11/16/2028
    
2,125,000
      
2,395,919
  
Federal Home Loan Banks (FHLB)
    
5.500
%
7/15/2036
    
125,000
      
182,259
  
Federal Home Loan Mortgage Corp (FHLMC)
    
6.750
%
9/15/2029
    
115,000
      
163,391
  
Federal Home Loan Mortgage Corp (FHLMC)
    
6.250
%
7/15/2032
    
380,000
      
550,545
  
Federal National Mortgage Association (FNMA)
    
0.500
%
11/7/2025
    
2,200,000
      
2,171,536
  
Federal National Mortgage Association (FNMA)
    
0.750
%
10/8/2027
    
2,270,000
      
2,209,721
  
Federal National Mortgage Association (FNMA)
    
6.250
%
5/15/2029
    
985,000
      
1,324,071
  
Federal National Mortgage Association (FNMA)
    
0.875
%
8/5/2030
    
8,670,000
      
8,158,868
  
Federal National Mortgage Association (FNMA)
    
6.625
%
11/15/2030
    
303,000
      
432,478
  
United States Treasury Bonds
    
8.000
%
11/15/2021
    
250,000
      
252,429
  
United States Treasury Bonds
    
7.250
%
8/15/2022
    
780,000
      
828,542
  
United States Treasury Bonds
    
7.625
%
11/15/2022
    
850,000
      
921,187
  
United States Treasury Bonds
    
7.125
%
2/15/2023
    
325,000
      
356,053
  
1919 Socially Responsive Balanced Fund
  
SCHEDULE OF INVESTMENTS
  
September 30, 2021 (Unaudited)(Continued)
  
         
Maturity
  
Face
          
Security
  
Rate
  
Date
  
Amount
    
Value
  
U.S. Government & Agency Obligations ― 5.8%
                          
United States Treasury Bonds
    
6.250
%
8/15/2023
  
$
550,000
    
$
611,746
  
United States Treasury Bonds
    
7.500
%
11/15/2024
    
1,105,000
      
1,343,330
  
United States Treasury Bonds
    
7.625
%
2/15/2025
    
390,000
      
481,520
  
United States Treasury Bonds
    
6.875
%
8/15/2025
    
100,000
      
123,418
  
United States Treasury Bonds
    
6.750
%
8/15/2026
    
90,000
      
114,803
  
United States Treasury Bonds
    
6.500
%
11/15/2026
    
135,000
      
172,093
  
United States Treasury Bonds
    
6.125
%
11/15/2027
    
675,000
      
873,571
  
United States Treasury Bonds
    
5.500
%
8/15/2028
    
335,000
      
427,989
  
United States Treasury Bonds
    
3.500
%
2/15/2039
    
573,000
      
713,318
  
United States Treasury Bonds
    
4.375
%
11/15/2039
    
204,000
      
282,277
  
United States Treasury Notes
    
2.125
%
11/30/2024
    
2,000,000
      
2,097,813
  
United States Treasury Notes
    
3.000
%
10/31/2025
    
905,000
      
984,682
  
United States Treasury Notes
    
2.625
%
1/31/2026
    
1,625,000
      
1,746,240
  
United States Treasury Notes
    
2.000
%
11/15/2026
    
3,375,000
      
3,540,454
  
United States Treasury Notes
    
2.750
%
2/15/2028
    
1,630,000
      
1,782,622
  
United States Treasury Notes
    
2.875
%
5/15/2028
    
3,500,000
      
3,858,613
  
United States Treasury Notes
    
3.125
%
11/15/2028
    
1,455,000
      
1,633,863
  
United States Treasury Notes
    
1.500
%
2/15/2030
    
4,670,000
      
4,696,178
  
Total U.S. Government & Agency Obligations (Cost ― $49,026,261)
                      
45,431,529
  
                           
Short-Term Investment ― 8.0%
                          
Fidelity Investments Money Market - Government Portfolio - Class I (c)
    
0.010
%
      
62,811,771
      
62,811,771
  
Total Short-Term Investment (Cost ― $62,811,771)
                      
62,811,771
  
                           
Total Investments ― 100.5% (Cost ― $604,868,534)
                      
785,495,798
  
Liabilities in Excess of Other Assets ― (0.5)%
                      
(3,741,194
)
Total Net Assets ― 100.0%
                    
$
781,754,604
  

 
Notes:
          
*
Non-income producing security.
          
(a)
Fixed to floating rate. Effective date of change and formula disclosed.
          
(b)
Variable rate security. Reference rate and spread are included in the description.
        
(c)
The rate is the annualized seven-day yield at period end.
          
             
 
Abbreviations used in this schedule:
          
 
LIBOR - London Inter-Bank Offered Rate
          
 
LLC - Limited Liability Corporation
          
 
PLC - Public Limited Company
          
 
SOFR - Secured Overnight Financing Rate
          
             
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of Morgan Stanley Capital International, Inc.
  
("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI & S&P and has been licensed for use by U.S. Bancorp
Fund Services, LLC.
          
1919 Socially Responsive Balanced Fund
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)

Valuation

Investments in securities traded on a national securities exchange are valued at the last reported sales price on the exchange on which the security is principally traded. Securities traded on the NASDAQ exchanges are valued at the NASDAQ Official Closing Price (“NOCP”).  Exchange-traded securities for which no sale was reported NASDAQ securities for which there is no NOCP are valued at the mean of the most recent quoted bid and ask prices quoted. Unlisted securities held by the Funds are valued at the last sale price in the over-the-counter (“OTC”) market.  If there is no trading on a particular day, the mean between the last quoted bid and ask price is used.

Long-term fixed income securities are valued using prices provided by an independent pricing service approved by the Board.  Pricing services may use various valuation methodologies, including matrix pricing and other analytical models as well as market transactions and dealer quotations. Securities for which market quotations are not readily available are valued at their estimated fair value as determined in good faith by 1919 Investment Counsel, LLC (the "Adviser" or “1919”) under procedures established by and under the general supervision and responsibility of the Board.

Various inputs are used in determining the value of the Funds’ investments. These inputs are summarized into three broad levels and described below:

Level 1 -
quoted prices in active markets for identical investments

Level 2 -
other significant observable inputs (including quoted prices for similar investments, 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 inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the inputs used in valuing the Fund’s assets carried at fair value:

1919 SOCIALLY RESPONSIVE BALANCED FUND

  
Description
  
Level 1
    
Level 2
    
Level 3
    
Total
  
Long-term investments*
                        
Common Stocks
  
$
527,265,969
    
$
-
    
$
-
    
$
527,265,969
  
Asset Backed Securities
    
-
      
3,797,340
      
-
      
3,797,340
  
Collateralized Mortgage Obligations
    
-
      
36,241
      
-
      
36,241
  
Corporate Bonds
    
-
      
135,799,883
      
-
      
135,799,883
  
Foreign Government Agency Issues
    
-
      
3,432,987
      
-
      
3,432,987
  
Mortgage-Backed Securities
    
-
      
6,920,078
      
-
      
6,920,078
  
U.S. Government & Agency Obligations
    
-
      
45,431,529
      
-
      
45,431,529
  
Total long-term investments
  
$
527,265,969
    
$
195,418,058
    
$
-
    
$
722,684,027
  
Short-term investments
    
62,811,771
      
-
      
-
      
62,811,771
  
Total investments
  
$
590,077,680
    
$
195,418,058
    
$
-
    
$
785,495,798
  

* See Schedule of Investments for additional detailed categorizations.