# EDGAR Filing Document

**Accession Number:** 0001045487
**File Stem:** 0001752724-23-046786
**Filing Date:** 2023-2
**Character Count:** 28901
**Document Hash:** e95366f33c53f5098c682794ebc7fb9a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046786.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046786

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JAMES ADVANTAGE FUNDS
- **CENTRAL INDEX KEY:** 0001045487
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08411
- **FILM NUMBER:** 23683061

**BUSINESS ADDRESS:**
- **STREET 1:** 1349 FAIRGROUND RD
- **CITY:** BEAVERCREEK
- **STATE:** OH
- **ZIP:** 45385
- **BUSINESS PHONE:** 9374267640

**MAIL ADDRESS:**
- **STREET 1:** 1349 FAIRGROUND RD
- **CITY:** BEAVERCREEK
- **STATE:** OH
- **ZIP:** 45385

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JAMES FUNDS
- **DATE OF NAME CHANGE:** 19970904

## Series and Classes Contracts Data

### James Small Cap Fund (Series ID: S000003563)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000009903 | James Small Cap Fund | JASCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** JAMES ADVANTAGE FUNDS

- **b. Investment Company Act file number:** 811-08411

- **c. CIK number of Registrant:** 0001045487

- **d. LEI of Registrant:** 549300426TIVT528ZP40

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 225 Pictoria Drive, Suite 450

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

**Item A.2. Information about the Series.**

- **a. Name of Series:** JAMES SMALL CAP FUND

- **b. EDGAR series identifier (if any):** S000003563

- **c. LEI of Series:** 54930078VSHCHGG5AQ06

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $32780668.61

**Total Liabilities:** $54958.51

**Net Assets:** $32725710.10

**Cash Not Reported:** $17900.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000009903 | 12.61%               | 5.03%                | -6.72%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-109295.00              | $4021949.33                                |
| Month 2  | $-304817.25              | $1986078.03                                |
| Month 3  | $310112.63               | $-2751955.68                               |

### Schedule of Portfolio Investments

| Name                                            | Title                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PetMed Express Inc.                             | PetMed Express, Inc.                             | CUSIP: 716382106<br>LEI: 529900PGHW5ASJ1AZL48 | Long             | EC               | CORP              | US        |     16610 | NS      | $293997.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Callon Petroleum Company                        | Callon Petroleum Company                         | CUSIP: 13123X508<br>LEI: 549300EFOWPEB0WLZW21 | Long             | EC               | CORP              | US        |      5900 | NS      | $218831.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corporation                          | Concentrix Corporation                           | CUSIP: 20602D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2500 | NS      | $332900.00    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Incorporation                    | HOULIHAN LOKEY, INC.                             | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |      6300 | NS      | $549108.00    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Nova Ltd                                        | Nova Measuring Instruments Ltd.                  | CUSIP: M7516K103<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | US        |      3000 | NS      | $245040.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Schnitzer Steel Industries Inc.                 | Schnitzer Steel Industries, Inc. Class A         | CUSIP: 806882106<br>LEI: 549300F62TK8VRDSM285 | Long             | EC               | CORP              | US        |     13820 | NS      | $423583.00    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.                     | LPL Financial Holdings, Inc.                     | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      2710 | NS      | $585820.70    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                    | Cadence Bank                                     | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |     11000 | NS      | $271260.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott Vacations Worldwide Corp               | Marriott Vacations Worldwide Corporation         | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |      2670 | NS      | $359355.30    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc.                                 | BankUnited, Inc.                                 | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |      5500 | NS      | $186835.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd.                           | Assured Guaranty Ltd.                            | CUSIP: G0585R106<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | US        |     11700 | NS      | $728442.00    | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc                                    | Innospec, Inc.                                   | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |      5286 | NS      | $543717.96    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                            | Cleveland-Cliffs, Inc.                           | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |     14575 | NS      | $234803.25    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                                | Boise Cascade Company                            | CUSIP: 09739D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6830 | NS      | $469016.10    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International, Incorporation              | Enova International, Inc.                        | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |     17830 | NS      | $684137.10    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TD Synnex Corp                                  | SYNNEX Corporation                               | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |      1100 | NS      | $104181.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp.                         | Progress Software Corporation                    | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |      4000 | NS      | $201800.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group, Inc.                  | American Financial Group, Inc.                   | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |      2630 | NS      | $361046.40    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health Inc                          | Option Care Helath, Inc.                         | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |     10500 | NS      | $315945.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Consolidated Inc                      | Coca-Cola Bottling Company Consolidated          | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |       960 | NS      | $491865.60    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand, Inc.                               | Hillenbrand, Inc.                                | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |     18478 | NS      | $788456.26    | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corporation                    | Integer Holdings Corporation                     | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |      4878 | NS      | $333947.88    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc.                       | Super Micro Computer, Inc.                       | CUSIP: 86800U104<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |      8668 | NS      | $711642.80    | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Company                    | Central Garden & Pet Company Class A Non-Voting  | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |      9335 | NS      | $334193.00    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corporation                          | Otter Tail Corporation                           | CUSIP: 689648103<br>LEI: 549300HHVBQRQUVKKD91 | Long             | EC               | CORP              | US        |      5935 | NS      | $348443.85    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Idacorp Inc                                     | IDACORP, Inc.                                    | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |      3753 | NS      | $404761.05    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Warrior Met Coal Inc                            | Warrior Met Coal, Inc                            | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |     13785 | NS      | $477512.40    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AMN Healthcare Services Inc                     | AMN Healthcare Services, Inc.                    | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |      3900 | NS      | $400998.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT, Inc.                    | Sabra Health Care REIT, Inc. REIT                | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |     10000 | NS      | $124300.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                               | Yeti Holdings, Inc.                              | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |      6670 | NS      | $275537.70    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Companies                         | Piper Sandler Companies                          | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      6085 | NS      | $792206.15    | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynavax Technologies Corp.                      | Dynavax Technologies Corporation                 | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               | CORP              | US        |     40978 | NS      | $436005.92    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                           | STAG Industrial, Inc.                            | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |      6000 | NS      | $193860.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corporation                      | Terreno Realty Corporation                       | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4200 | NS      | $238854.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company                       | Matador Resources Company                        | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |      6600 | NS      | $377784.00    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Innoviva Inc                                    | Innoviva, Inc.                                   | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     38700 | NS      | $512775.00    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp Puerto Rico                       | First BanCorporation                             | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52500 | NS      | $667800.00    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc.                               | Radian Group, Inc.                               | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |     31700 | NS      | $604519.00    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                            | LXP Industrial Trust REIT                        | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |     65210 | NS      | $653404.20    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP Inc.                                     | EZCORP, Inc. Class A                             | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | EC               | CORP              | US        |     33000 | NS      | $268950.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesco International, Inc.                       | WESCO International, Inc.                        | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |      2500 | NS      | $313000.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| TTEC Holdings Inc.                              | Ttec Holdings, Inc.                              | CUSIP: 89854H102<br>LEI: GTJS1N8S8I28A7L4WG97 | Long             | EC               | CORP              | US        |      4700 | NS      | $207411.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| HRTI LLC                                        | Healthcare Realty Trust, Inc. REIT               | CUSIP: 42226K105<br>LEI: 549300CB86LH2IOKHH22 | Long             | EC               | CORP              | US        |      8000 | NS      | $154160.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corporation                     | Deckers Outdoor Corporation                      | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      2160 | NS      | $862185.60    | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Zumiez Inc.                                     | Zumiez, Inc.                                     | CUSIP: 989817101<br>LEI: 549300J0PDF58P6HZD25 | Long             | EC               | CORP              | US        |      5330 | NS      | $115874.20    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Varex Imaging Corporation                       | Varex Imaging Corporation                        | CUSIP: 92214X106<br>LEI: 549300CWYWPVCT8E9W67 | Long             | EC               | CORP              | US        |     11600 | NS      | $235480.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Bank System Inc                       | Community Bank System, Inc.                      | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |      5380 | NS      | $338671.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                               | Agree Realty Corporation                         | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3547 | NS      | $251588.71    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Inds Inc                                | Patrick Industries, Inc.                         | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |      6190 | NS      | $375114.00    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets, Incorporated                    | Ingles Markets, Inc. Class A                     | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Long             | EC               | CORP              | US        |      9500 | NS      | $916370.00    | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| PDC Energy, Inc.                                | PDC Energy, Inc.                                 | CUSIP: 69327R101<br>LEI: 5493008W8H2T511J5Y59 | Long             | EC               | CORP              | US        |      6800 | NS      | $431664.00    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corporation                          | Sealed Air Corporation                           | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |      7130 | NS      | $355644.40    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Spartannash Co.                                 | SpartanNash Company                              | CUSIP: 847215100<br>LEI: 549300TV3QCCSQLF5X16 | Long             | EC               | CORP              | US        |     14915 | NS      | $451029.60    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet, Inc.                                     | Avnet, Inc.                                      | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |      8250 | NS      | $343035.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corporation                          | South State Corporation                          | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |      5620 | NS      | $429143.20    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| American Equity Investment Life Holding Company | American Equity Investment Life Holding Company  | CUSIP: 025676206<br>LEI: 549300RK5RZQ740FPL83 | Long             | EC               | CORP              | US        |     18080 | NS      | $824809.60    | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Wire Corp                                | Encore Wire Corporation                          | CUSIP: 292562105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6285 | NS      | $864564.60    | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp.                               | HF Sinclair Corporation                          | CUSIP: 403949100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12160 | NS      | $630982.40    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc.                        | Insight Enterprises, Inc.                        | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |      6130 | NS      | $614655.10    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting, Inc.                            | FTI Consulting, Inc.                             | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |      5420 | NS      | $860696.00    | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corporation                  | Magnolia Oil & Gas Corporation                   | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19100 | NS      | $447895.00    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| National Healthcare Corporation                 | National Healthcare Corporation                  | CUSIP: 635906100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3545 | NS      | $210927.50    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| PC Connection Inc.                              | PC Connection, Inc.                              | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |     17500 | NS      | $820750.00    | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts Inc                      | Xenia Hotel & Resorts, Inc.                      | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |     16940 | NS      | $223269.20    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp.                           | MGIC Investment Corporation                      | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     44100 | NS      | $573300.00    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERN FDS INC                             | First American Treasury Obligations Fund Class X | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1131519 | PA      | $1131518.60   | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Winmark Corp.                                   | Winmark Corporation                              | CUSIP: 974250102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2310 | NS      | $544767.30    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                    | Evercore Partners, Inc. Class A                  | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      7550 | NS      | $823554.00    | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Company               | Portland General Electric Company                | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     10455 | NS      | $512295.00    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Physicians Realty Trust                         | Physicians Realty Trust REIT                     | CUSIP: 71943U104<br>LEI: 549300ITOVH0OY7PZC34 | Long             | EC               | CORP              | US        |     21000 | NS      | $303870.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International, Inc.                     | Brinker International, Inc.                      | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |     12400 | NS      | $395684.00    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics Inc.                       | Corcept Therapeutics, Inc.                       | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |     12269 | NS      | $249183.39    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc.                            | Glacier Bancorp, Inc.                            | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |      7455 | NS      | $368426.10    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** JAMES ADVANTAGE FUNDS

**Signature:** JAMES ADVANTAGE FUNDS

**Name of Signer:** Lesley Ott

**Title:** Chief Compliance Officer