Hope Bancorp, Inc.

0000910472-26-006106.txt : 20260428 0000910472-26-006106.hdr.sgml : 20260428 20260428133216 ACCESSION NUMBER: 0000910472-26-006106 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20260228 FILED AS OF DATE: 20260428 DATE AS OF CHANGE: 20260428 PERIOD START: 20261130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNIFIED SERIES TRUST CENTRAL INDEX KEY: 0001199046 ORGANIZATION NAME: EIN: 000000000 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21237 FILM NUMBER: 26906159 BUSINESS ADDRESS: STREET 1: 225 PICTORIA DRIVE, SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 BUSINESS PHONE: 513-346-3324 MAIL ADDRESS: STREET 1: 225 PICTORIA DRIVE, SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246

0001199046 S000020493 AUER GROWTH FUND

C000057444 AUER GROWTH FUND AUERX

NPORT-P 1 primary_doc.xml NPORT-P false 0001199046 XXXXXXXX S000020493 C000057444 Unified Series Trust 811-21237 0001199046 549300NFHRL589EP7U13 225 Pictoria Drive Suite 450 Cincinnati 45246 513-587-3400 AUER GROWTH S000020493 549300XHPI3LTE313U92 2026-11-30 2026-02-28 N 76968787.86 4273932.63 72694855.23 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0 N Hope Bancorp Inc 549300UTF4QGMBHIZ219 Hope Bancorp, Inc. 43940T109 32000.00000000 NS USD 360320.00000000 0.495660936196 Long EC CORP US N 1 N N N Smith-Midland Corp N/A Smith-Midland Corporation 832156103 7000.00000000 NS USD 268870.00000000 0.369861112109 Long EC CORP US N 1 N N N Capitol Fed Fin In N/A Capitol Federal Financial, Inc. 14057J101 51000.00000000 NS USD 366180.00000000 0.503722029353 Long EC CORP US N 1 N N N Versabank New 549300RUBSDFVNCR7415 VersaBank 92512J106 47000.00000000 NS USD 775500.00000000 1.066788010714 Long EC CORP CA N 1 N N N PCB Bancorp 549300E5CI0LZ8Q25890 PCB Bancorp 69320M109 16000.00000000 NS USD 357760.00000000 0.492139366490 Long EC CORP US N 1 N N N Meridian Corporation N/A Meridian Corporation 58958P104 15000.00000000 NS USD 291600.00000000 0.401128799386 Long EC CORP US N 1 N N N MNTN Inc. N/A MNTN, Inc. 55318A108 67000.00000000 NS USD 653920.00000000 0.899540961916 Long EC CORP US N 1 N N N Ero Copper Corp 549300KL8A21SEIO8I47 ERO Copper Corporation 296006109 67000.00000000 NS USD 2290060.00000000 3.150236688352 Long EC CORP CA N 1 N N N Range Resources Corp. H3Y3WLYCX0BTO1TRW162 Range Resources Corporation 75281A109 20000.00000000 NS USD 825600.00000000 1.135706230362 Long EC CORP US N 1 N N N SIGA Technologies Inc. N/A SIGA Technologies, Inc. 826917106 32000.00000000 NS USD 207040.00000000 0.284806950017 Long EC CORP US N 1 N N N SiriusPoint Ltd 549300OGXFI85N3YZZ51 SiriusPoint Ltd. G8192H106 15000.00000000 NS USD 317100.00000000 0.436206935135 Long EC CORP BM N 1 N N N Vital Farms Inc. 549300S6NYY7ER3XOT61 Vital Farms, Inc. 92847W103 70000.00000000 NS USD 1476300.00000000 2.030817717882 Long EC CORP US N 1 N N N Harmony Gold Mining Co Ltd 378900986D05F0C29811 Harmony Gold Mining Company Ltd. 413216300 20000.00000000 NS USD 455000.00000000 0.625903990812 Long EC CORP ZA N 1 N N N National Fuel Gas Company 8JB38FFW1Y3C1HM8E841 National Fuel Gas Company 636180101 7500.00000000 NS USD 682725.00000000 0.939165499181 Long EC CORP US N 1 N N N Dynex Capital Inc 5CIJ4S9HAEBWILA19B65 Dynex Capital, Inc. 26817Q886 41000.00000000 NS USD 575230.00000000 0.791293961835 Long EC CORP US N 1 N N N CF Bankshares Inc 5493005T7GGZJKF4UK64 CF Bankshares, Inc. 12520L109 10000.00000000 NS USD 302200.00000000 0.415710298952 Long EC CORP US N 1 N N N Lincoln National Corp. EFQMQROEDSNBRIP7LE47 Lincoln National Corporation 534187109 35000.00000000 NS USD 1200500.00000000 1.651423606528 Long EC CORP US N 1 N N N Friedman Industries Inc. 549300VI5ADYNC8C3G47 Friedman Industries, Inc. 358435105 17000.00000000 NS USD 316370.00000000 0.435202737523 Long EC CORP US N 1 N N N Himalaya Shipping Ltd. 984500D86FFE5EYE7988 Himalaya Shipping Ltd. G4660A103 30000.00000000 NS USD 441300.00000000 0.607058090429 Long EC CORP BM N 1 N N N Third Coast Bancshares Inc. 254900LW0YOTBYSQCK19 Third Coast Bancshares, Inc. 88422P109 9000.00000000 NS USD 356490.00000000 0.490392337768 Long EC CORP US N 1 N N N Coffee Hldg Co Inc 549300FD5P29KIHQU051 Coffee Holding Company, Inc. 192176105 130000.00000000 NS USD 403000.00000000 0.554372106148 Long EC CORP US N 1 N N N North American Construction GRP Ltd 549300DQ6060LO4XGI15 North American Construction Group Ltd. 656811106 77000.00000000 NS USD 1284360.00000000 1.766782526681 Long EC CORP CA N 1 N N N Flushing Financial Corp. N/A Flushing Financial Corporation 343873105 21000.00000000 NS USD 324030.00000000 0.445739934380 Long EC CORP US N 1 N N N Waterstone Financial Inc. (Maryland) 5493002KM21XRC2DCQ02 Waterstone Financial, Inc. 94188P101 18000.00000000 NS USD 320580.00000000 0.440994068955 Long EC CORP US N 1 N N N Eagle Bancorp Montana Inc 549300P2SVRIY3YU1412 Eagle Bancorp Montana, Inc. 26942G100 20000.00000000 NS USD 434000.00000000 0.597016114313 Long EC CORP US N 1 N N N Fidelity Colchester Street Trust 549300SHPEJB1OPRCV46 Fidelity Investments Money Market Funds - Government Portfolio 316175108 10961549.16000000 PA USD 10961549.16000000 15.07885135106 Long STIV RF US N 1 N N N Rigel Pharmaceuticals Inc. 529900KPTNUS5J8K9K66 Rigel Pharmaceuticals, Inc. 766559702 8000.00000000 NS USD 277920.00000000 0.382310411267 Long EC CORP US N 1 N N N EQT Corporation 4NT01YGM4X7ZX86ISY52 EQT Corporation 26884L109 12000.00000000 NS USD 737040.00000000 1.013881928326 Long EC CORP US N 1 N N N First Internet Bancorp. 549300T25MP2M92XU194 First Internet Bancorp 320557101 44000.00000000 NS USD 892320.00000000 1.227487140839 Long EC CORP US N 1 N N N Citigroup Inc. 6SHGI4ZSSLCXXQSBB395 Citigroup, Inc. 172967424 7700.00000000 NS USD 848463.00000000 1.167156874190 Long EC CORP US N 1 N N N Barrick Mining Corp. 0O4KBQCJZX82UKGCBV73 Barrick Mining Corporation 06849F108 15000.00000000 NS USD 761100.00000000 1.046979181115 Long EC CORP CA N 1 N N N Warrior Met Coal Inc 549300152B1S9YKBYV79 Warrior Met Coal, Inc. 93627C101 8000.00000000 NS USD 665920.00000000 0.916048319916 Long EC CORP US N 1 N N N Sunrise Realty Trust Inc. N/A Sunrise Realty Trust, Inc. 867981102 22000.00000000 NS USD 206140.00000000 0.283568898167 Long EC CORP US N 1 N N N Everquote Inc N/A EverQuote, Inc. 30041R108 70000.00000000 NS USD 1106000.00000000 1.521428162282 Long EC CORP US N 1 N N N Redwood Trust Inc DRBV4N1ERQLEMIF11G78 Redwood Trust, Inc. 758075402 47000.00000000 NS USD 284350.00000000 0.391155603928 Long EC CORP US N 1 N N N Scorpio Tankers Inc 549300NVJUH16NXG8K87 Scorpio Tankers, Inc. Y7542C130 10000.00000000 NS USD 790800.00000000 1.087834892163 Long EC CORP MC N 1 N N N Centerra Gold Inc 549300K0HXTMP5JJ0E62 Centerra Gold, Inc. 152006102 47000.00000000 NS USD 988410.00000000 1.359669810019 Long EC CORP CA N 1 N N N MiMedx Group Inc. N/A MiMedx Group, Inc. 602496101 100000.00000000 NS USD 489000.00000000 0.672674838477 Long EC CORP US N 1 N N N Motorsport Games Inc N/A Motorsport Games, Inc. 62011B201 175000.00000000 NS USD 682500.00000000 0.938855986218 Long EC CORP US N 1 N N N Oneok Inc. 2T3D6M0JSY48PSZI1Q41 ONEOK, Inc. 682680103 8500.00000000 NS USD 703545.00000000 0.967805765310 Long EC CORP US N 1 N N N Ameriserv Finl Inc N/A AmeriServ Financial, Inc. 03074A102 50000.00000000 NS USD 190000.00000000 0.261366501658 Long EC CORP US N 1 N N N Prairie Operating Co 549300NX50XL5HR17C26 Prairie Operating Company 739650109 710000.00000000 NS USD 1256700.00000000 1.728733066492 Long EC CORP US N 1 N N N Epsilon Energy Limited N/A Epsilon Energy Ltd. 294375209 100000.00000000 NS USD 512000.00000000 0.704313941309 Long EC CORP CA N 1 N N N First American Financial Corporation 549300B6VEZK3N0A1P55 First American Financial Corporation 31847R102 11000.00000000 NS USD 771210.00000000 1.060886630229 Long EC CORP US N 1 N N N Harmony Biosciences Holdings Inc N/A Harmony Biosciences Holdings, Inc. 413197104 40000.00000000 NS USD 1141600.00000000 1.570399991014 Long EC CORP US N 1 N N N B2Gold Corp. 549300F7OK456M5NLM05 B2Gold Corporation 11777Q209 375000.00000000 NS USD 2310000.00000000 3.177666414894 Long EC CORP CA N 1 N N N Tredegar Corp. 54930003228ERHCH6K87 Tredegar Corporation 894650100 35000.00000000 NS USD 321300.00000000 0.441984510435 Long EC CORP US N 1 N N N Vista Energy S.A.B. de C.V. 549300UDOHP7958KNS89 Vista Energy S.A.B. de C.V. 92837L109 11500.00000000 NS USD 664010.00000000 0.913420898768 Long EC CORP MX N 1 N N N Intelligent Protection Management Corp. N/A Intelligent Protection Management Corporation 69764K106 125000.00000000 NS USD 211250.00000000 0.290598281448 Long EC CORP US N 1 N N N Parke Bancorp Inc. 5493000JF1TWXVD0CR78 Parke Bancorp, Inc. 700885106 11000.00000000 NS USD 306460.00000000 0.421570411042 Long EC CORP US N 1 N N N Antero Resources Corporation APVBKPOULHUX7YZLKU17 Antero Resources Corporation 03674X106 40000.00000000 NS USD 1472400.00000000 2.025452826532 Long EC CORP US N 1 N N N Pagaya Technologies Ltd. N/A Pagaya Technologies Ltd. M7S64L123 65000.00000000 NS USD 727350.00000000 1.000552236741 Long EC CORP US N 1 N N N Galiano Gold Inc 529900V13XJFM0VPGC86 Galiano Gold, Inc. 36352H100 450000.00000000 NS USD 1584000.00000000 2.178971255927 Long EC CORP CA N 1 N N N NB Bancorp Inc. N/A NB Bancorp, Inc. 63945M107 16000.00000000 NS USD 341440.00000000 0.469689359611 Long EC CORP US N 1 N N N SSR Mining Inc 549300JD2KR7AB9DYJ38 SSR Mining, Inc. 784730103 28000.00000000 NS USD 901320.00000000 1.239867659338 Long EC CORP US N 1 N N N IAMGOLD Corp 254900E7II30XAB9LA72 IAMGOLD Corporation 450913108 45000.00000000 NS USD 1105650.00000000 1.520946697674 Long EC CORP CA N 1 N N N First Western Financial Inc. 549300PPOGX4C7S66B47 First Western Financial, Inc. 33751L105 10000.00000000 NS USD 252900.00000000 0.347892569838 Long EC CORP US N 1 N N N Dime Community Bancshares Inc. N/A Dime Community Bancshares, Inc. 25432X102 22000.00000000 NS USD 711700.00000000 0.979023890684 Long EC CORP US N 1 N N N Northfield Bancorp Inc. N/A Northfield Bancorp, Inc. 66611T108 24000.00000000 NS USD 320160.00000000 0.440416311425 Long EC CORP US N 1 N N N B.O.S. Better Online Solutions Ltd. N/A BOS Better On-Line Solutions M20115180 50000.00000000 NS USD 229000.00000000 0.315015415156 Long EC CORP IL N 1 N N N Newmont Corporation 549300VSP3RIX7FGDZ51 Newmont Corporation 651639106 6000.00000000 NS USD 780000.00000000 1.072978269964 Long EC CORP US N 1 N N N Kearny Financial Corp. N/A Kearny Financial Corp 48716P108 42000.00000000 NS USD 321300.00000000 0.441984510435 Long EC CORP US N 1 N N N Ames National Corp N/A Ames National Corporation 031001100 13000.00000000 NS USD 351130.00000000 0.483019051195 Long EC CORP US N 1 N N N Super Micro Computer Inc. 54930022CZO1N2UGVW07 Super Micro Computer, Inc. 86800U302 42000.00000000 NS USD 1360380.00000000 1.871356639607 Long EC CORP US N 1 N N N Texas Capital Bancshares, Inc. 549300466Q2SXRX0YM48 Texas Capital Bancshares, Inc. 88224Q107 6000.00000000 NS USD 571800.00000000 0.786575608673 Long EC CORP US N 1 N N N Millrose Properties Inc. N/A Millrose Properties, Inc. 601137102 9000.00000000 NS USD 282240.00000000 0.388253060147 Long EC CORP US N 1 N N N Kewaunee Scientific Corp. 549300Z8MHH8NUYXQ229 Kewaunee Scientific Corporation 492854104 10500.00000000 NS USD 435645.00000000 0.599278997972 Long EC CORP US N 1 N N N Euroseas Ltd 213800ADWWZOFC9KU444 Euroseas Ltd. Y23592135 6000.00000000 NS USD 412440.00000000 0.567357894441 Long EC CORP GR N 1 N N N Investar Holding Corp 54930001EK2YM28LOJ08 Investar Holding Corporation 46134L105 15000.00000000 NS USD 423450.00000000 0.582503395405 Long EC CORP US N 1 N N N Ategrity Specialty Holdings LLC N/A Ategrity Specialty Holdings, LLC 04681Y103 37000.00000000 NS USD 818440.00000000 1.125856840089 Long EC CORP US N 1 N N N Orchid Island Capital Inc. 549300KBIHGT19K9DY89 Orchid Island Capital, Inc. 68571X301 40000.00000000 NS USD 297600.00000000 0.409382478386 Long EC CORP US N 1 N N N Innoviva Inc 549300ACOX4QTBES6535 Innoviva, Inc. 45781M101 32000.00000000 NS USD 734720.00000000 1.010690505779 Long EC CORP US N 1 N N N CorMedix Inc. 5299006YIA3L0MBW8358 CorMedix, Inc. 21900C308 180000.00000000 NS USD 1283400.00000000 1.765461938041 Long EC CORP US N 1 N N N Mainstreet Bancshares Inc. 549300FHZZP7SP56TS88 MainStreet Bancshares, Inc. 56064Y100 16000.00000000 NS USD 355200.00000000 0.488617796783 Long EC CORP US N 1 N N N Perma Pipe International Hld Inc 549300QBMR25XXRKXK93 Perma-Pipe International Holdings, Inc. 714167103 12000.00000000 NS USD 388440.00000000 0.534343178442 Long EC CORP US N 1 N N N Seanergy Maritime Holdings Corp. 213800S7JIZA8FZXF245 Seanergy Maritime Holdings Corp Y73760400 130000.00000000 NS USD 1865500.00000000 2.566206362331 Long EC CORP US N 1 N N N Ring Energy Inc 549300HMY6TJ265I8S64 Ring Energy, Inc. 76680V108 550000.00000000 NS USD 775500.00000000 1.066788010714 Long EC CORP US N 1 N N N Sandridge Energy, Inc. W1MKPVGS6I5155L7VV67 SandRidge Energy, Inc. 80007P869 90000.00000000 NS USD 1577700.00000000 2.170304892978 Long EC CORP US N 1 N N N BKV Corporation 549300S3T4Z01TRFU656 BKV Corporation 05603J108 49000.00000000 NS USD 1535170.00000000 2.111800065001 Long EC CORP US N 1 N N N Peapack-Gladstone Financial Corp. 549300G8DN2UK8K0ET30 Peapack-Gladstone Financial Corporation 704699107 21000.00000000 NS USD 703290.00000000 0.967454983952 Long EC CORP US N 1 N N N Banc Of California Inc. 549300ZKWUJDP6LJ1X87 Banc of California, Inc. 05990K106 37000.00000000 NS USD 683390.00000000 0.940080281937 Long EC CORP US N 1 N N N Kinross Gold Corp. 254900O9KHF2A1ZXPT47 Kinross Gold Corporation 496902404 12000.00000000 NS USD 443880.00000000 0.610607172399 Long EC CORP CA N 1 N N N Dorian LPG Ltd. 549300WP1W2WGMC7F395 Dorian, L.P.G Ltd. Y2106R110 10000.00000000 NS USD 369900.00000000 0.508839310333 Long EC CORP US N 1 N N N Micron Technology Inc. B3DXGBC8GAIYWI2Z0172 Micron Technology, Inc. 595112103 3500.00000000 NS USD 1443295.00000000 1.985415605318 Long EC CORP US N 1 N N N Bankwell Financial Group, Inc. 5493004NUBQXPY84NX67 Bankwell Financial Group, Inc. 06654A103 6500.00000000 NS USD 303550.00000000 0.417567376727 Long EC CORP US N 1 N N N Gulfport Energy Operating Corp. 549300FJX18IDUFPHD40 Gulfport Energy Corporation 402635502 7500.00000000 NS USD 1564950.00000000 2.152765825103 Long EC CORP US N 1 N N N Expand Energy Corp. X2MT1W32SPAZ9WSKLE78 Expand Energy Corporation 165167735 5000.00000000 NS USD 539600.00000000 0.742280864708 Long EC CORP US N 1 N N N Caledonia Mining Corp PLC 21380093ZBI4BFM75Y51 Caledonia Mining Corp plc G1757E113 10000.00000000 NS USD 317400.00000000 0.436619619085 Long EC CORP JE N 1 N N N Opera Limited 5493001ULS7KDNNZ3W51 Opera Ltd. 68373M107 34000.00000000 NS USD 545360.00000000 0.750204396548 Long EC CORP NO N 1 N N N Incyte Corporation. 549300Z4WN6JVZ3T4680 Incyte Corporation 45337C102 7000.00000000 NS USD 708890.00000000 0.975158417686 Long EC CORP US N 1 N N N Hamilton Insurance Group Ltd. 549300W92BN1FIEXG871 Hamilton Insurance Group Ltd. G42706104 22000.00000000 NS USD 694980.00000000 0.956023638538 Long EC CORP BM N 1 N N N 2026-02-28 Unified Series Trust Zachary Richmond Zachary Richmond Treasurer XXXX NPORT-EX 2 ultimus_1110.htm

Auer

Growth

Fund

Schedule

of

Investments

February

28,

2026

(Unaudited)

COMMON

STOCKS

—

86.27%

Shares

Fair

Value

Communications

—

4.39%

EverQuote

,

Inc.

(a)

70,000‌

$

1,106,000‌

Intelligent

Protection

Management

Corp.

(a)

125,000‌

211,250‌

MNTN,

Inc.

(a)

67,000‌

653,920‌

Motorsport

Games,

Inc.

(a)

175,000‌

682,500‌

Opera

Ltd.

-

ADR

(a)

34,000‌

545,360‌

3,199,030‌

Consumer

Staples

—

2.58%

Coffee

Holding

Company,

Inc.

(a)

130,000‌

403,000‌

Vital

Farms,

Inc.

(a)

70,000‌

1,476,300‌

1,879,300‌

Energy

—

20.02%

Antero

Resources

Corp.

(a)

40,000‌

1,472,400‌

BKV

Corp.

(a)

49,000‌

1,535,170‌

Dorian

LPT

Ltd.

(a)

10,000‌

369,900‌

Epsilon

Energy

Ltd.

100,000‌

512,000‌

EQT

Corp.

12,000‌

737,040‌

Expand

Energy

Corp.

5,000‌

539,600‌

Gulfport

Energy

Corp.

(a)

7,500‌

1,564,950‌

North

American

Construction

Group

Ltd.

77,000‌

1,284,360‌

ONEOK,

Inc.

8,500‌

703,545‌

Prairie

Operating

Co.

(a)

710,000‌

1,256,700‌

Range

Resources

Corp.

20,000‌

825,600‌

Ring

Energy,

Inc.

(a)

550,000‌

775,500‌

SandRidge

Energy,

Inc.

90,000‌

1,577,700‌

Scorpio

Tankers,

Inc.

10,000‌

790,800‌

Vista

Energy

SAB

de

CV

-

ADR

(a)

11,500‌

664,010‌

14,609,275‌

Financials

—

22.79%

AmeriServ

Financial,

Inc.

(a)

50,000‌

190,000‌

Ames

National

Corp.

13,000‌

351,130‌

Ategrity

Specialty

Holdings,

LLC

(a)

37,000‌

818,440‌

Banc

of

California,

Inc.

37,000‌

683,390‌

Bankwell

Financial

Group,

Inc.

6,500‌

303,550‌

Capitol

Federal

Financial,

Inc.

51,000‌

366,180‌

CF

Bankshares

,

Inc.

10,000‌

302,200‌

Citigroup,

Inc.

7,700‌

848,463‌

Dime

Community

Bancshares,

Inc.

22,000‌

711,700‌

Dynex

Capital,

Inc.

41,000‌

575,230‌

Eagle

Bancorp

Montana,

Inc.

20,000‌

434,000‌

First

American

Financial

Corp.

11,000‌

771,210‌

First

Internet

Bancorp

44,000‌

892,320‌

First

Western

Financial,

Inc.

(a)

10,000‌

252,900‌

Flushing

Financial

Corp.

21,000‌

324,030‌

Hamilton

Insurance

Group

Ltd.

(a)

22,000‌

694,980‌

Hope

Bancorp,

Inc.

32,000‌

360,320‌

Auer

Growth

Fund

Schedule

of

Investments

(continued)

February

28,

2026

(Unaudited)

COMMON

STOCKS

—

86.27%

-

(continued)

Shares

Fair

Value

Financials

—

22.79%

-

(continued)

Investar

Holding

Corp.

15,000‌

$

423,450‌

Kearney

Financial

Corp.

42,000‌

321,300‌

Lincoln

National

Corp.

35,000‌

1,200,500‌

MainStreet

Bancshares,

Inc.

(a)

16,000‌

355,200‌

Meridian

Bank

(a)

15,000‌

291,600‌

NB

Bancorp,

Inc.

(a)

16,000‌

341,440‌

Northfield

Bancorp,

Inc.

24,000‌

320,160‌

Orchid

Island

Capital,

Inc.

40,000‌

297,600‌

Parke

Bancorp,

Inc.

(a)

11,000‌

306,460‌

PCB

Bancorp

16,000‌

357,760‌

Peapack-Gladstone

Financial

Corp.

21,000‌

703,290‌

Redwood

Trust,

Inc.

47,000‌

284,350‌

SiriusPoint

Ltd.

(a)

15,000‌

317,100‌

Sunrise

Realty

Trust,

Inc.

22,000‌

206,140‌

Texas

Capital

Bancshares,

Inc.

(a)

6,000‌

571,800‌

Third

Coast

Bancshares,

Inc.

(a)

9,000‌

356,490‌

VersaBank

47,000‌

775,500‌

Waterstone

Financial,

Inc.

18,000‌

320,580‌

16,630,763‌

Health

Care

—

7.24%

CorMedix,

Inc.

(a)

180,000‌

1,283,400‌

Harmony

Biosciences

Holdings,

Inc.

(a)

40,000‌

1,141,600‌

Incyte

Corp.

(a)

7,000‌

708,890‌

Innoviva

,

Inc.

(a)

32,000‌

734,720‌

Kewaunee

Scientific

Corp.

10,500‌

435,645‌

MiMedx

Group,

Inc.

(a)

100,000‌

489,000‌

Rigel

Pharmaceuticals,

Inc.

(a)

8,000‌

277,920‌

SIGA

Technologies,

Inc.

(a)

32,000‌

207,040‌

5,278,215‌

Industrials

—

4.26%

Euroseas

Ltd.

(a)

6,000‌

412,440‌

Himalaya

Shipping

Ltd.

30,000‌

441,300‌

Perma-Pipe

International

Holdings,

Inc.

(a)

12,000‌

388,440‌

Seanergy

Maritime

Holdings

Corp.

(a)

130,000‌

1,865,500‌

3,107,680‌

Materials

—

18.51%

B2Gold

Corp.

375,000‌

2,310,000‌

Barrick

Mining

Corp.

15,000‌

761,100‌

Caledonia

Mining

Corp.

PLC

10,000‌

317,400‌

Centerra

Gold,

Inc.

47,000‌

988,410‌

ERO

Copper

Corp.

(a)

67,000‌

2,290,060‌

Friedman

Industries,

Inc.

(a)

17,000‌

316,370‌

Galiano

Gold,

Inc.

(a)

450,000‌

1,584,000‌

Harmony

Gold

Mining

Co.

Ltd.

-

ADR

(a)

20,000‌

455,000‌

IAMGOLD

Corp.

(a)

45,000‌

1,105,650‌

Auer

Growth

Fund

Schedule

of

Investments

(continued)

February

28,

2026

(Unaudited)

COMMON

STOCKS

—

86.27%

-

(continued)

Shares

Fair

Value

Materials

—

18.51%

-

(continued)

Kinross

Gold

Corp.

12,000‌

$

443,880‌

Newmont

Goldcorp

Corp.

6,000‌

780,000‌

Smith-Midland

Corp.

(a)

7,000‌

268,870‌

SSR

Mining,

Inc.

28,000‌

901,320‌

Tredegar

Corp.

(a)

35,000‌

321,300‌

Warrior

Met

Coal,

Inc.

8,000‌

665,920‌

13,509,280‌

Real

Estate

—

0.39%

Millrose

Properties,

Inc.

9,000‌

282,240‌

Technology

—

5.15%

BOS

Better

Online

Solutions

Ltd.

(a)

50,000‌

229,000‌

Micron

Technology,

Inc.

3,500‌

1,443,295‌

Pagaya

Technologies

Ltd.

(a)

65,000‌

727,350‌

Super

Micro

Computer,

Inc.

(a)

42,000‌

1,360,380‌

3,760,025‌

Utilities

—

0.94%

National

Fuel

Gas

Co.

7,500‌

682,725‌

Total

Common

Stocks

(Cost $55,063,059)

62,938,533‌

MONEY

MARKET

FUNDS

—

15.03%

Fidelity

Investments

Money

Market

Government

Portfolio,

Class

I,

3.55%

(b)

10,961,549‌

10,961,549‌

Total

Money

Market

Funds

(Cost

$10,961,549)

10,961,549‌

Total

Investments

—

101.30%

(Cost

$66,024,608)

73,900,082‌

Liabilities

in

Excess

of

Other

Assets — (1.30)%

(950,219‌)

NET

ASSETS

—

100.00%

$

72,949,863‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

February

28,

2026.

ADR

-

American

Depositary

Receipt