# EDGAR Filing Document

**Accession Number:** 0000092500
**File Stem:** 0002066578-25-000750
**Filing Date:** 2025-9
**Character Count:** 297669
**Document Hash:** aea3728294d125ae9db72da1a294b930
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-25-000750.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0002066578-25-000750

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STEWARD FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000092500

**ORGANIZATION NAME:**
- **EIN:** 751281784
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01597
- **FILM NUMBER:** 251344767

**BUSINESS ADDRESS:**
- **STREET 1:** 15375 MEMORIAL DRIVE, SUITE 200
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77079
- **BUSINESS PHONE:** 713-260-9000

**MAIL ADDRESS:**
- **STREET 1:** 15375 MEMORIAL DRIVE, SUITE 200
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77079

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CHRISTIAN STEWARDSHIP FUNDS
- **DATE OF NAME CHANGE:** 20021126

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CAPSTONE CHRISTIAN VALUES FUND INC
- **DATE OF NAME CHANGE:** 20011119

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CAPSTONE FIXED INCOME SERIES INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Steward Equity Market Neutral Fund (Series ID: S000074384)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000232241 | Class C             | SMNCX           |
| C000232242 | Class R6            | SMNRX           |
| C000232243 | Institutional Class | SMNIX           |
| C000232244 | Class A             | SMNAX           |

## Nport-Ex

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD COVERED CALL INCOME FUND**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS - 103.8%** |  |  |
| ***AEROSPACE & DEFENSE - 3.7%*** |  |  |
| Boeing Co. (The)<sup>(a)</sup> <br>| 2500 | $554600 |
| General Dynamics Corp. | 2700 | 841347 |
| General Electric Co. | 3600 | 975888 |
| Lockheed Martin Corp. | 1300 | 547274 |
| RTX Corp. | 5400 | 850878 |
|  |  | 3769987 |
| ***AIR FREIGHT & LOGISTICS - 0.9%*** |  |  |
| FedEx Corp. | 2300 | 514027 |
| United Parcel Service, Inc., Class B | 5000 | 430800 |
|  |  | 944827 |
| ***AUTOMOBILES - 2.1%*** |  |  |
| General Motors Co. | 4500 | 240030 |
| Tesla, Inc.<sup>(a)</sup> <br>| 6200 | 1911274 |
|  |  | 2151304 |
| ***BANKS - 4.8%*** |  |  |
| Bank of America Corp. | 18500 | 874495 |
| Citigroup, Inc. | 7000 | 655900 |
| JPMorgan Chase & Co. | 7100 | 2103304 |
| U.S. Bancorp | 10100 | 454096 |
| Wells Fargo & Co. | 9300 | 749859 |
|  |  | 4837654 |
| ***BEVERAGES - 2.2%*** |  |  |
| Coca-Cola Co. (The) | 19800 | 1344222 |
| PepsiCo, Inc. | 6200 | 855104 |
|  |  | 2199326 |
| ***BIOTECHNOLOGY - 1.6%*** |  |  |
| Amgen, Inc. | 2900 | 855790 |
| Gilead Sciences, Inc. | 6400 | 718656 |
|  |  | 1574446 |
| ***BROADLINE RETAIL - 4.8%*** |  |  |
| Amazon.com, Inc.<sup>(a)</sup> <br>| 20900 | 4892899 |
| ***CAPITAL MARKETS - 4.2%*** |  |  |
| Bank of New York Mellon Corp. (The) | 6400 | 649280 |
| Blackrock, Inc. | 800 | 884808 |
| Charles Schwab Corp. (The) | 6000 | 586380 |
| Goldman Sachs Group, Inc. (The) | 1700 | 1230103 |
| Morgan Stanley | 6400 | 911744 |
|  |  | 4262315 |
| ***CHEMICALS - 1.4%*** |  |  |
| Linde PLC | 3000 | 1380780 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***COMMUNICATIONS EQUIPMENT -*** <br> ***1.2%***<br>|  |  |
| Cisco Systems, Inc. | 18100 | $1232248 |
| ***CONSUMER FINANCE - 1.8%*** |  |  |
| American Express Co. | 3300 | 987723 |
| Capital One Financial Corp. | 3700 | 795500 |
|  |  | 1783223 |
| ***CONSUMER STAPLES*** <br> ***DISTRIBUTION & RETAIL - 3.1%***<br>|  |  |
| Costco Wholesale Corp. | 1500 | 1409460 |
| Target Corp. | 3200 | 321600 |
| Walmart, Inc. | 14300 | 1401114 |
|  |  | 3132174 |
| ***DIVERSIFIED*** <br> ***TELECOMMUNICATION*** <br> ***SERVICES - 0.8%***<br>|  |  |
| AT&T, Inc. | 15200 | 416632 |
| Verizon Communications, Inc. | 8800 | 376288 |
|  |  | 792920 |
| ***ELECTRIC UTILITIES - 2.6%*** |  |  |
| Duke Energy Corp. | 7300 | 887972 |
| NextEra Energy, Inc. | 8800 | 625328 |
| Southern Co. (The) | 12100 | 1143208 |
|  |  | 2656508 |
| ***ELECTRICAL EQUIPMENT - 0.8%*** |  |  |
| Emerson Electric Co. | 5900 | 858509 |
| ***ENTERTAINMENT - 1.9%*** |  |  |
| Netflix, Inc.<sup>(a)</sup> <br>| 1100 | 1275340 |
| Walt Disney Co. (The) | 5200 | 619372 |
|  |  | 1894712 |
| ***FINANCIAL SERVICES - 5.5%*** |  |  |
| Berkshire Hathaway, Inc., Class B<sup>(a)</sup> <br>| 4400 | 2076272 |
| Mastercard, Inc., Class A | 2500 | 1416175 |
| PayPal Holdings, Inc.<sup>(a)</sup> <br>| 4800 | 330048 |
| Visa, Inc., Class A | 4900 | 1692803 |
|  |  | 5515298 |
| ***FOOD PRODUCTS - 0.6%*** |  |  |
| Mondelez International, Inc., Class A | 10000 | 646900 |
| ***GROUND TRANSPORTATION - 0.8%*** |  |  |
| Union Pacific Corp. | 3600 | 799092 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD COVERED CALL INCOME FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***HEALTH CARE EQUIPMENT &*** <br> ***SUPPLIES - 2.7%***<br>|  |  |
| Abbott Laboratories | 6600 | $832854 |
| Intuitive Surgical, Inc.<sup>(a)</sup> <br>| 2000 | 962180 |
| Medtronic PLC | 10400 | 938496 |
|  |  | 2733530 |
| ***HEALTH CARE PROVIDERS &*** <br> ***SERVICES - 0.2%***<br>|  |  |
| CVS Health Corp. | 4000 | 248400 |
| ***HOTELS, RESTAURANTS &*** <br> ***LEISURE - 2.6%***<br>|  |  |
| Booking Holdings, Inc. | 200 | 1100812 |
| McDonald's Corp. | 3500 | 1050245 |
| Starbucks Corp. | 5900 | 526044 |
|  |  | 2677101 |
| ***HOUSEHOLD PRODUCTS - 1.7%*** |  |  |
| Colgate-Palmolive Co. | 6600 | 553410 |
| Procter & Gamble Co. (The) | 8000 | 1203760 |
|  |  | 1757170 |
| ***INDUSTRIAL CONGLOMERATES -*** <br> ***1.4%***<br>|  |  |
| 3M Co. | 4400 | 656568 |
| Honeywell International, Inc. | 3600 | 800460 |
|  |  | 1457028 |
| ***INSURANCE - 1.4%*** |  |  |
| American International Group, Inc. | 8300 | 644329 |
| MetLife, Inc. | 10400 | 789880 |
|  |  | 1434209 |
| ***INTERACTIVE MEDIA & SERVICES*** <br> ***- 8.3%***<br>|  |  |
| Alphabet, Inc., Class A | 13100 | 2513890 |
| Alphabet, Inc., Class C<sup>†</sup> <br>| 10600 | 2044316 |
| Meta Platforms, Inc., Class A | 4900 | 3789856 |
|  |  | 8348062 |
| ***IT SERVICES - 1.3%*** |  |  |
| Accenture PLC, Class A | 2600 | 694460 |
| International Business Machines Corp. | 2600 | 658190 |
|  |  | 1352650 |
| ***LIFE SCIENCES TOOLS &*** <br> ***SERVICES - 0.8%***<br>|  |  |
| Danaher Corp. | 4200 | 828072 |
| ***MACHINERY - 1.8%*** |  |  |
| Caterpillar, Inc. | 2700 | 1182654 |
| Deere & Co. | 1200 | 629244 |
|  |  | 1811898 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***MEDIA - 0.6%*** |  |  |
| Charter Communications, Inc., Class A<sup>(a)</sup> <br>| 400 | $107744 |
| Comcast Corp., Class A | 13500 | 448605 |
|  |  | 556349 |
| ***OIL, GAS & CONSUMABLE FUELS -*** <br> ***3.1%***<br>|  |  |
| Chevron Corp. | 6000 | 909840 |
| ConocoPhillips | 8400 | 800856 |
| Exxon Mobil Corp. | 12600 | 1406664 |
|  |  | 3117360 |
| ***RETAIL REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 0.8%***<br>|  |  |
| Simon Property Group, Inc. | 4700 | 769813 |
| ***SEMICONDUCTORS &*** <br> ***SEMICONDUCTOR EQUIPMENT -*** <br> ***12.3%***<br>|  |  |
| Advanced Micro Devices, Inc.<sup>(a)</sup> <br>| 6200 | 1093122 |
| Broadcom, Inc. | 10500 | 3083850 |
| Intel Corp. | 18700 | 370260 |
| NVIDIA Corp. | 33200 | 5905284 |
| QUALCOMM, Inc. | 6700 | 983292 |
| Texas Instruments, Inc. | 5400 | 977724 |
|  |  | 12413532 |
| ***SOFTWARE - 10.9%*** |  |  |
| Adobe, Inc.<sup>(a)</sup> <br>| 1800 | 643842 |
| Intuit, Inc. | 1100 | 863643 |
| Microsoft Corp. | 9500 | 5068250 |
| Oracle Corp. | 5200 | 1319604 |
| Palantir Technologies, Inc., Class A<sup>(a)</sup> <br>| 5500 | 870925 |
| Salesforce, Inc. | 4400 | 1136652 |
| ServiceNow, Inc.<sup>(a)</sup> <br>| 1200 | 1131744 |
|  |  | 11034660 |
| ***SPECIALIZED REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 0.4%***<br>|  |  |
| American Tower Corp. | 2000 | 416780 |
| ***SPECIALTY RETAIL - 2.3%*** |  |  |
| Home Depot, Inc. (The) | 3800 | 1396538 |
| Lowe's Cos., Inc. | 4100 | 916637 |
|  |  | 2313175 |
| ***TECHNOLOGY HARDWARE,*** <br> ***STORAGE & PERIPHERALS -*** <br> ***4.8%***<br>|  |  |
| Apple, Inc. | 23200 | 4815624 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD COVERED CALL INCOME FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***TEXTILES, APPAREL & LUXURY*** <br> ***GOODS - 0.5%***<br>|  |  |
| NIKE, Inc., Class B | 6700 | $500423 |
| ***WIRELESS TELECOMMUNICATION*** <br> ***SERVICES - 1.1%***<br>|  |  |
| T-Mobile U.S., Inc. | 4600 | 1096686 |
| **TOTAL COMMON STOCKS** <br>**(COST $99,679,372)**<br>|  | 105007644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 1.3%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 1.3%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 1.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio <br> (Premier Class), 4.15%<sup>(b)</sup> <br>| 1282849 | 1282849 |
| **TOTAL MONEY MARKET FUND** <br>**(COST $1,282,849)**<br>|  | 1282849 |
| **TOTAL INVESTMENTS** <br>**(COST $100,962,221) - 105.1%**<br>|  | 106290493 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | **Value** |
| **WRITTEN CALL OPTIONS -** <br> **(4.2)%** <br>**(PREMIUMS RECEIVED** <br> **($2826642))**<br>| $(4238401)<br>|
| **LIABILITIES IN EXCESS OF** <br> **OTHER ASSETS - (0.9)%**<br>| (920770)<br>|
| **NET ASSETS - 100.0%** | $101131322 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>Securities in this Fund are pledged as collateral for call options written. The <br> total market value of securities pledged at July 31, 2025 is $102,963,328. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>Securities in this Fund are pledged as collateral for call options written. The <br> total market value of securities pledged at July 31, 2025 is $102,963,328. |
| † | Security is not pledged as collateral for call options written. |
| <sup>(a)</sup> <br>| Non-income producing security. |
| <sup>(b)</sup> <br>| 7-day current yield as of July 31, 2025. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

PLC — Public Limited Company<br>

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD COVERED CALL INCOME FUND**

------

Exchange-traded options written as of July 31, 2025 were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of** <br>**Contracts**<br>| **Notional** <br>**Amount\***<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| 3M Co.<br> Call | 40 | $(620000)<br>| $155.00 | 9/19/25 | $(11720)<br>|
| Abbott Laboratories<br> Call | 60 | (810000)<br>| 135.00 | 11/21/25 | (16170)<br>|
| Accenture PLC, Class A<br> Call | 20 | (600000)<br>| 300.00 | 9/19/25 | (2700)<br>|
| Adobe, Inc.<br> Call | 15 | (607500)<br>| 405.00 | 9/19/25 | (9713)<br>|
| Advanced Micro Devices, Inc.<br> Call | 50 | (900000)<br>| 180.00 | 8/15/25 | (38750)<br>|
| Alphabet, Inc., Class A<br> Call | 95 | (1710000)<br>| 180.00 | 8/15/25 | (136087)<br>|
| Amazon.com, Inc.<br> Call | 190 | (4085000)<br>| 215.00 | 8/15/25 | (403750)<br>|
| American Express Co.<br> Call | 25 | (825000)<br>| 330.00 | 10/17/25 | (11312)<br>|
| American International Group, Inc.<br> Call | 75 | (637500)<br>| 85.00 | 11/21/25 | (11325)<br>|
| Amgen, Inc.<br> Call | 25 | (750000)<br>| 300.00 | 8/15/25 | (12937)<br>|
| Apple, Inc.<br> Call | 210 | (4620000)<br>| 220.00 | 8/15/25 | (42000)<br>|
| Bank of America Corp.<br> Call | 125 | (625000)<br>| 50.00 | 10/17/25 | (13125)<br>|
| Bank of New York Mellon Corp. (The)<br> Call | 55 | (522500)<br>| 95.00 | 9/19/25 | (44550)<br>|
| BlackRock, Inc.<br> Call | 5 | (540000)<br>| 1080.00 | 9/19/25 | (24725)<br>|
| Boeing Co. (The)<br> Call | 20 | (450000)<br>| 225.00 | 8/15/25 | (8080)<br>|
| Booking Holdings, Inc.<br> Call | 1 | (580000)<br>| 5800.00 | 8/15/25 | (1395)<br>|
| Broadcom, Inc.<br> Call | 90 | (2340000)<br>| 260.00 | 8/15/25 | (321525)<br>|
| Capital One Financial Corp.<br> Call | 35 | (770000)<br>| 220.00 | 8/15/25 | (10325)<br>|
| Caterpillar, Inc.<br> Call | 25 | (925000)<br>| 370.00 | 8/15/25 | (174875)<br>|
| Charles Schwab Corp. (The)<br> Call | 50 | (525000)<br>| 105.00 | 10/17/25 | (10050)<br>|
| Charter Communications, Inc., Class A<br> Call | 4 | (120000)<br>| 300.00 | 9/19/25 | (1836)<br>|
| Chevron Corp.<br> Call | 50 | (750000)<br>| 150.00 | 8/15/25 | (21125)<br>|
| Cisco Systems, Inc.<br> Call | 160 | (1160000)<br>| 72.50 | 10/17/25 | (22320)<br>|
| Citigroup, Inc.<br> Call | 55 | (481250)<br>| 87.50 | 9/19/25 | (41745)<br>|
| Coca-Cola Co. (The)<br> Call | 190 | (1377500)<br>| 72.50 | 11/21/25 | (17480)<br>|
| Colgate-Palmolive Co.<br> Call | 60 | (540000)<br>| 90.00 | 9/19/25 | (4800)<br>|
| Comcast Corp., Class A<br> Call | 125 | (437500)<br>| 35.00 | 9/19/25 | (6563)<br>|
| ConocoPhillips<br> Call | 75 | (693750)<br>| 92.50 | 8/15/25 | (33750)<br>|
| Costco Wholesale Corp.<br> Call | 14 | (1428000)<br>| 1020.00 | 9/19/25 | (7700)<br>|
| CVS Health Corp.<br> Call | 35 | (236250)<br>| 67.50 | 8/15/25 | (735)<br>|
| Danaher Corp.<br> Call | 35 | (735000)<br>| 210.00 | 9/19/25 | (11550)<br>|
| Deere & Co.<br> Call | 10 | (550000)<br>| 550.00 | 9/19/25 | (11470)<br>|
| Duke Energy Corp.<br> Call | 67 | (804000)<br>| 120.00 | 9/19/25 | (27135)<br>|
| Emerson Electric Co.<br> Call | 45 | (630000)<br>| 140.00 | 9/19/25 | (41850)<br>|
| Exxon Mobil Corp.<br> Call | 110 | (1210000)<br>| 110.00 | 9/19/25 | (50600)<br>|
| FedEx Corp.<br> Call | 20 | (500000)<br>| 250.00 | 9/19/25 | (6760)<br>|
| General Dynamics Corp.<br> Call | 25 | (725000)<br>| 290.00 | 8/15/25 | (58150)<br>|
| General Electric Co.<br> Call | 30 | (780000)<br>| 260.00 | 8/15/25 | (40620)<br>|
| General Motors Co.<br> Call | 35 | (183750)<br>| 52.50 | 9/19/25 | (9818)<br>|
| Gilead Sciences, Inc.<br> Call | 60 | (630000)<br>| 105.00 | 8/15/25 | (51450)<br>|
| Goldman Sachs Group, Inc. (The)<br> Call | 10 | (600000)<br>| 600.00 | 8/15/25 | (124725)<br>|
| Home Depot, Inc. (The)<br> Call | 35 | (1365000)<br>| 390.00 | 9/19/25 | (17762)<br>|
| Honeywell International, Inc.<br> Call | 25 | (550000)<br>| 220.00 | 8/15/25 | (11250)<br>|
| Intel Corp.<br> Call | 160 | (384000)<br>| 24.00 | 11/21/25 | (12480)<br>|
| International Business Machines Corp.<br> Call | 20 | (550000)<br>| 275.00 | 10/17/25 | (6200)<br>|

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD COVERED CALL INCOME FUND**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of**<br> **Contracts**<br>| **Notional**<br> **Amount\***<br>| **Exercise**<br> **Price**<br>| **Expiration**<br> **Date**<br>| **Value** |
| Intuit, Inc.<br> Call | 9 | $(738000)<br>| $820.00 | 9/19/25 | $(18675)<br>|
| Intuitive Surgical, Inc.<br> Call | 15 | (787500)<br>| 525.00 | 9/19/25 | (7125)<br>|
| JPMorgan Chase & Co.<br> Call | 65 | (1820000)<br>| 280.00 | 8/15/25 | (115375)<br>|
| Linde PLC<br> Call | 25 | (1212500)<br>| 485.00 | 8/15/25 | (3600)<br>|
| Lockheed Martin Corp.<br> Call | 10 | (450000)<br>| 450.00 | 9/19/25 | (4200)<br>|
| Lowe's Cos., Inc.<br> Call | 35 | (805000)<br>| 230.00 | 9/19/25 | (21262)<br>|
| Mastercard, Inc., Class A<br> Call | 20 | (1180000)<br>| 590.00 | 8/15/25 | (3940)<br>|
| McDonald's Corp.<br> Call | 30 | (930000)<br>| 310.00 | 8/15/25 | (8910)<br>|
| Medtronic PLC<br> Call | 95 | (807500)<br>| 85.00 | 9/19/25 | (62937)<br>|
| Meta Platforms, Inc., Class A<br> Call | 40 | (2640000)<br>| 660.00 | 8/15/25 | (464100)<br>|
| MetLife, Inc.<br> Call | 95 | (760000)<br>| 80.00 | 9/19/25 | (11305)<br>|
| Microsoft Corp.<br> Call | 80 | (4120000)<br>| 515.00 | 8/15/25 | (180000)<br>|
| Mondelez International, Inc., Class A<br> Call | 95 | (641250)<br>| 67.50 | 9/19/25 | (8313)<br>|
| Morgan Stanley<br> Call | 50 | (650000)<br>| 130.00 | 9/19/25 | (73000)<br>|
| Netflix, Inc.<br> Call | 5 | (620000)<br>| 1240.00 | 9/19/25 | (9050)<br>|
| NextEra Energy, Inc.<br> Call | 80 | (580000)<br>| 72.50 | 9/19/25 | (15280)<br>|
| NIKE, Inc., Class B<br> Call | 50 | (350000)<br>| 70.00 | 10/17/25 | (38750)<br>|
| NVIDIA Corp.<br> Call | 310 | (4805000)<br>| 155.00 | 9/19/25 | (832970)<br>|
| Palantir Technologies, Inc., Class A<br> Call | 50 | (950000)<br>| 190.00 | 10/17/25 | (33250)<br>|
| PayPal Holdings, Inc.<br> Call | 40 | (310000)<br>| 77.50 | 10/17/25 | (4360)<br>|
| PepsiCo, Inc.<br> Call | 50 | (725000)<br>| 145.00 | 10/17/25 | (15200)<br>|
| Procter & Gamble Co. (The)<br> Call | 75 | (1200000)<br>| 160.00 | 9/19/25 | (8138)<br>|
| QUALCOMM, Inc.<br> Call | 60 | (960000)<br>| 160.00 | 9/19/25 | (10980)<br>|
| Raytheon Technologies Corp.<br> Call | 45 | (607500)<br>| 135.00 | 8/15/25 | (103500)<br>|
| Salesforce, Inc.<br> Call | 40 | (1200000)<br>| 300.00 | 9/19/25 | (11480)<br>|
| ServiceNow, Inc.<br> Call | 5 | (570000)<br>| 1140.00 | 9/19/25 | (1650)<br>|
| Simon Property Group, Inc.<br> Call | 45 | (765000)<br>| 170.00 | 9/19/25 | (12825)<br>|
| Southern Co. (The)<br> Call | 110 | (990000)<br>| 90.00 | 8/15/25 | (51700)<br>|
| Starbucks Corp.<br> Call | 55 | (550000)<br>| 100.00 | 10/17/25 | (6133)<br>|
| Target Corp.<br> Call | 25 | (262500)<br>| 105.00 | 8/15/25 | (2775)<br>|
| Tesla, Inc.<br> Call | 55 | (1925000)<br>| 350.00 | 9/19/25 | (46475)<br>|
| Texas Instruments, Inc.<br> Call | 45 | (900000)<br>| 200.00 | 9/19/25 | (6570)<br>|
| T-Mobile U.S., Inc.<br> Call | 40 | (1000000)<br>| 250.00 | 9/19/25 | (14000)<br>|
| U.S. Bancorp<br> Call | 90 | (382500)<br>| 42.50 | 8/15/25 | (24525)<br>|
| Union Pacific Corp.<br> Call | 25 | (575000)<br>| 230.00 | 8/15/25 | (2975)<br>|
| United Parcel Service, Inc., Class B<br> Call | 45 | (427500)<br>| 95.00 | 10/17/25 | (5085)<br>|
| Verizon Communications, Inc.<br> Call | 80 | (360000)<br>| 45.00 | 9/19/25 | (3120)<br>|
| Visa, Inc., Class A<br> Call | 40 | (1500000)<br>| 375.00 | 9/19/25 | (6680)<br>|
| Walmart, Inc.<br> Call | 110 | (1100000)<br>| 100.00 | 9/19/25 | (30580)<br>|
| Walt Disney Co. (The)<br> Call | 40 | (520000)<br>| 130.00 | 9/19/25 | (6460)<br>|
| Wells Fargo & Co.<br> Call | 70 | (630000)<br>| 90.00 | 10/17/25 | (6160)<br>|
| (Premiums received $2,826,642) |  |  |  |  | $(4238401)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Notional amount is expressed as the number of contracts multiplied by the exercise price multiplied by 100.

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD EQUITY MARKET NEUTRAL FUND**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS - 88.7%** |  |  |
| ***AUTOMOBILE COMPONENTS - 2.0%*** |  |  |
| Aptiv PLC<sup>(a)(b)</sup> <br>| 16000 | $1098240 |
| BorgWarner, Inc.<sup>(a)</sup> <br>| 31000 | 1140800 |
|  |  | 2239040 |
| ***AUTOMOBILES - 0.9%*** |  |  |
| Harley-Davidson, Inc.<sup>(a)</sup> <br>| 41000 | 997530 |
| ***BANKS - 5.1%*** |  |  |
| Citigroup, Inc.<sup>(a)</sup> <br>| 11000 | 1030700 |
| Huntington Bancshares, Inc.<sup>(a)</sup> <br>| 60000 | 985800 |
| M&T Bank Corp. | 2000 | 377400 |
| Pinnacle Financial Partners, Inc. | 11000 | 966790 |
| Popular, Inc. | 5000 | 572900 |
| Synovus Financial Corp. | 20000 | 944800 |
| Webster Financial Corp.<sup>(a)</sup> <br>| 17000 | 980050 |
|  |  | 5858440 |
| ***BIOTECHNOLOGY - 2.8%*** |  |  |
| BioMarin Pharmaceutical, Inc.<sup>(a)(b)</sup> <br>| 18000 | 1041300 |
| Gilead Sciences, Inc.<sup>(a)</sup> <br>| 9000 | 1010610 |
| Incyte Corp.<sup>(a)(b)</sup> <br>| 15000 | 1123350 |
|  |  | 3175260 |
| ***BROADLINE RETAIL - 1.1%*** |  |  |
| eBay, Inc. | 14000 | 1284500 |
| ***CAPITAL MARKETS - 5.6%*** |  |  |
| Bank of New York Mellon Corp. (The)<sup>(a)</sup> <br>| 11000 | 1115950 |
| Cboe Global Markets, Inc.<sup>(a)</sup> <br>| 4000 | 964160 |
| Charles Schwab Corp. (The)<sup>(a)</sup> <br>| 11000 | 1075030 |
| Janus Henderson Group PLC<sup>(a)</sup> <br>| 24000 | 1039200 |
| Nasdaq, Inc. <sup>(a)</sup> <br>| 11000 | 1058420 |
| S&P Global, Inc.<sup>(a)</sup> <br>| 2000 | 1102200 |
|  |  | 6354960 |
| ***CHEMICALS - 0.9%*** |  |  |
| Corteva, Inc.<sup>(a)</sup> <br>| 15000 | 1081950 |
| ***COMMUNICATIONS EQUIPMENT -*** <br> ***2.1%***<br>|  |  |
| Cisco Systems, Inc.<sup>(a)</sup> <br>| 16000 | 1089280 |
| F5, Inc.<sup>(a)(b)</sup> <br>| 4000 | 1253680 |
|  |  | 2342960 |
| ***CONSTRUCTION & ENGINEERING -*** <br> ***3.0%***<br>|  |  |
| AECOM<sup>(a)</sup> <br>| 9000 | 1014660 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| EMCOR Group, Inc.<sup>(a)</sup> <br>| 2000 | $1254980 |
| MasTec, Inc.<sup>(a)(b)</sup> <br>| 6000 | 1135260 |
|  |  | 3404900 |
| ***CONSUMER FINANCE - 2.1%*** |  |  |
| American Express Co.<sup>(a)</sup> <br>| 1000 | 299310 |
| Capital One Financial Corp.<sup>(a)</sup> <br>| 5000 | 1075000 |
| Synchrony Financial<sup>(a)</sup> <br>| 15000 | 1045050 |
|  |  | 2419360 |
| ***CONSUMER STAPLES*** <br> ***DISTRIBUTION & RETAIL - 2.8%***<br>|  |  |
| Dollar Tree, Inc.<sup>(b)</sup> <br>| 9000 | 1021950 |
| Sprouts Farmers Market, Inc.<sup>(a)(b)</sup> <br>| 7000 | 1060780 |
| Walgreens Boots Alliance, Inc.<sup>(a)</sup> <br>| 95000 | 1105800 |
|  |  | 3188530 |
| ***CONTAINERS & PACKAGING - 0.9%*** |  |  |
| Crown Holdings, Inc.<sup>(a)</sup> <br>| 10000 | 993600 |
| ***DIVERSIFIED CONSUMER*** <br> ***SERVICES - 2.7%***<br>|  |  |
| ADT, Inc.<sup>(a)</sup> <br>| 126000 | 1052100 |
| Grand Canyon Education, Inc.<sup>(a)(b)</sup> <br>| 6000 | 1011780 |
| H&R Block, Inc.<sup>(a)</sup> <br>| 19000 | 1032460 |
|  |  | 3096340 |
| ***DIVERSIFIED*** <br> ***TELECOMMUNICATION*** <br> ***SERVICES - 1.6%***<br>|  |  |
| Iridium Communications, Inc.<sup>(a)</sup> <br>| 43000 | 1051780 |
| Verizon Communications, Inc.<sup>(a)</sup> <br>| 17700 | 756852 |
|  |  | 1808632 |
| ***ELECTRIC UTILITIES - 1.9%*** |  |  |
| NRG Energy, Inc.<sup>(a)</sup> <br>| 7000 | 1170400 |
| PG&E Corp. | 73000 | 1023460 |
|  |  | 2193860 |
| ***ELECTRICAL EQUIPMENT - 0.9%*** |  |  |
| Sensata Technologies Holding PLC | 34000 | 1045840 |
| ***ELECTRONIC EQUIPMENT,*** <br> ***INSTRUMENTS*** <br> ***& COMPONENTS - 3.8%***<br>|  |  |
| Arrow Electronics, Inc.<sup>(b)</sup> <br>| 2000 | 232000 |
| Avnet, Inc.<sup>(a)</sup> <br>| 20000 | 1058800 |
| Flex Ltd.<sup>(a)(b)</sup> <br>| 19000 | 947530 |
| Jabil, Inc.<sup>(a)</sup> <br>| 5000 | 1115850 |
| Keysight Technologies, Inc.<sup>(a)(b)</sup> <br>| 6000 | 983460 |
|  |  | 4337640 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD EQUITY MARKET NEUTRAL FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***ENERGY EQUIPMENT & SERVICES*** <br> ***- 1.7%***<br>|  |  |
| Schlumberger N.V. | 28000 | $946400 |
| TechnipFMC PLC | 28000 | 1018360 |
|  |  | 1964760 |
| ***ENTERTAINMENT - 1.8%*** |  |  |
| Electronic Arts, Inc. | 7000 | 1067430 |
| Warner Bros Discovery, Inc.<sup>(b)</sup> <br>| 72000 | 948240 |
|  |  | 2015670 |
| ***FINANCIAL SERVICES - 2.0%*** |  |  |
| Mastercard, Inc., Class A<sup>(a)</sup> <br>| 2100 | 1189587 |
| Visa, Inc., Class A<sup>(a)</sup> <br>| 3000 | 1036410 |
|  |  | 2225997 |
| ***FOOD PRODUCTS - 0.8%*** |  |  |
| General Mills, Inc.<sup>(a)</sup> <br>| 18000 | 881640 |
| ***HEALTH CARE PROVIDERS &*** <br> ***SERVICES - 6.0%***<br>|  |  |
| Cardinal Health, Inc.<sup>(a)</sup> <br>| 7000 | 1086540 |
| Cencora, Inc.<sup>(a)</sup> <br>| 4000 | 1144320 |
| Cigna Group (The) | 2000 | 534760 |
| DaVita, Inc.<sup>(a)(b)</sup> <br>| 5700 | 800109 |
| Humana, Inc.<sup>(a)</sup> <br>| 4000 | 999480 |
| McKesson Corp. | 1000 | 693540 |
| Molina Healthcare, Inc.<sup>(b)</sup> <br>| 3000 | 473610 |
| Premier, Inc., Class A<sup>(a)</sup> <br>| 52000 | 1116960 |
|  |  | 6849319 |
| ***HOTELS, RESTAURANTS &*** <br> ***LEISURE - 1.8%***<br>|  |  |
| Booking Holdings, Inc.<sup>(a)</sup> <br>| 200 | 1100812 |
| Travel + Leisure Co.<sup>(a)</sup> <br>| 17000 | 1007250 |
|  |  | 2108062 |
| ***HOUSEHOLD PRODUCTS - 0.9%*** |  |  |
| Colgate-Palmolive Co.<sup>(a)</sup> <br>| 12000 | 1006200 |
| ***INSURANCE - 4.8%*** |  |  |
| Everest Group Ltd. | 1000 | 335800 |
| Hartford Insurance Group, Inc. (The)<sup>(a)</sup> <br>| 9000 | 1119510 |
| MetLife, Inc.<sup>(a)</sup> <br>| 13000 | 987350 |
| Primerica, Inc.<sup>(a)</sup> <br>| 4000 | 1062520 |
| Progressive Corp. (The)<sup>(a)</sup> <br>| 4000 | 968160 |
| Unum Group<sup>(a)</sup> <br>| 13300 | 955073 |
|  |  | 5428413 |
| ***INTERACTIVE MEDIA & SERVICES*** <br> ***- 0.1%***<br>|  |  |
| Match Group, Inc. | 3000 | 102810 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***IT SERVICES - 3.3%*** |  |  |
| GoDaddy, Inc., Class A<sup>(a)(b)</sup> <br>| 3000 | $484740 |
| International Business Machines Corp.<sup>(a)</sup> <br>| 4000 | 1012600 |
| Kyndryl Holdings, Inc.<sup>(b)</sup> <br>| 4000 | 151080 |
| Twilio, Inc., Class A<sup>(a)(b)</sup> <br>| 8000 | 1032000 |
| VeriSign, Inc. | 4000 | 1075480 |
|  |  | 3755900 |
| ***LEISURE PRODUCTS - 1.6%*** |  |  |
| Mattel, Inc.<sup>(a)(b)</sup> <br>| 52000 | 884520 |
| YETI Holdings, Inc.<sup>(a)(b)</sup> <br>| 26000 | 955240 |
|  |  | 1839760 |
| ***MACHINERY - 1.4%*** |  |  |
| CNH Industrial N.V. | 44000 | 570240 |
| Pentair PLC | 10000 | 1022000 |
|  |  | 1592240 |
| ***PROFESSIONAL SERVICES - 4.0%*** |  |  |
| Automatic Data Processing, Inc.<sup>(a)</sup> <br>| 3000 | 928500 |
| Concentrix Corp.<sup>(a)</sup> <br>| 17000 | 883490 |
| Genpact Ltd.<sup>(a)</sup> <br>| 23000 | 1013150 |
| Paycom Software, Inc.<sup>(a)</sup> <br>| 4000 | 926160 |
| Verisk Analytics, Inc. | 3000 | 836130 |
|  |  | 4587430 |
| ***REAL ESTATE MANAGEMENT &*** <br> ***DEVELOPMENT - 1.9%***<br>|  |  |
| CBRE Group, Inc., Class A<sup>(a)(b)</sup> <br>| 7000 | 1090180 |
| Jones Lang LaSalle, Inc.<sup>(a)(b)</sup> <br>| 4000 | 1081440 |
|  |  | 2171620 |
| ***SEMICONDUCTORS &*** <br> ***SEMICONDUCTOR EQUIPMENT -*** <br> ***3.5%***<br>|  |  |
| Cirrus Logic, Inc.<sup>(a)(b)</sup> <br>| 11000 | 1107810 |
| Enphase Energy, Inc.<sup>(b)</sup> <br>| 16000 | 517760 |
| KLA Corp. | 1000 | 879030 |
| QUALCOMM, Inc.<sup>(a)</sup> <br>| 7000 | 1027320 |
| Skyworks Solutions, Inc. | 7000 | 479780 |
|  |  | 4011700 |
| ***SOFTWARE - 7.7%*** |  |  |
| Autodesk, Inc.<sup>(a)(b)</sup> <br>| 3000 | 909330 |
| DocuSign, Inc.<sup>(a)(b)</sup> <br>| 13000 | 983320 |
| Dropbox, Inc., Class A<sup>(a)(b)</sup> <br>| 39000 | 1059630 |
| Fortinet, Inc.<sup>(a)(b)</sup> <br>| 10000 | 999000 |
| Gen Digital, Inc.<sup>(a)</sup> <br>| 35000 | 1032150 |
| Intuit, Inc. | 1000 | 785130 |
| Nutanix, Inc., Class A<sup>(a)(b)</sup> <br>| 15000 | 1127550 |
| Salesforce, Inc.<sup>(a)</sup> <br>| 2000 | 516660 |
| Teradata Corp.<sup>(b)</sup> <br>| 8000 | 167440 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD EQUITY MARKET NEUTRAL FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| UiPath, Inc., Class A<sup>(b)</sup> <br>| 11000 | $129250 |
| Zoom Communications, Inc.<sup>(a)(b)</sup> <br>| 15000 | 1110750 |
|  |  | 8820210 |
| ***SPECIALTY RETAIL - 1.5%*** |  |  |
| Bath & Body Works, Inc. | 32000 | 926720 |
| Gap, Inc. (The)<sup>(a)</sup> <br>| 41000 | 797860 |
|  |  | 1724580 |
| ***TEXTILES, APPAREL & LUXURY*** <br> ***GOODS - 2.7%***<br>|  |  |
| Columbia Sportswear Co.<sup>(a)</sup> <br>| 15000 | 848550 |
| Crocs, Inc.<sup>(a)(b)</sup> <br>| 10000 | 997300 |
| Ralph Lauren Corp.<sup>(a)</sup> <br>| 4000 | 1195000 |
|  |  | 3040850 |
| ***WIRELESS TELECOMMUNICATION*** <br> ***SERVICES - 1.0%***<br>|  |  |
| Millicom International Cellular SA<sup>(a)</sup> <br>| 27000 | 1084050 |
| **TOTAL COMMON STOCKS** <br>**(COST $92,465,439)**<br>|  | 101034553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 8.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 8.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 8.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio <br> (Premier Class), 4.15%<sup>(c)</sup> <br>| 9180349 | 9180349 |
| **TOTAL MONEY MARKET FUND** <br>**(COST $9,180,349)**<br>|  | 9180349 |
| **TOTAL INVESTMENTS** <br>**(COST $101,645,788) - 96.8%**<br>|  | 110214902 |
| **COMMON STOCKS SOLD SHORT - (93.5)%** | **COMMON STOCKS SOLD SHORT - (93.5)%** | **COMMON STOCKS SOLD SHORT - (93.5)%** |
| ***AEROSPACE & DEFENSE - (6.1)%*** | ***AEROSPACE & DEFENSE - (6.1)%*** | ***AEROSPACE & DEFENSE - (6.1)%*** |
| ATI, Inc.  | (11000)<br>| (846340)<br>|
| Axon Enterprise, Inc.  | (1000)<br>| (755490)<br>|
| Boeing Co. (The)  | (5000)<br>| (1109200)<br>|
| HEICO Corp., Class A  | (4000)<br>| (1032360)<br>|
| Huntington Ingalls Industries, Inc.  | (5000)<br>| (1394300)<br>|
| Loar Holdings, Inc.  | (10000)<br>| (739100)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Spirit AeroSystems Holdings, Inc., <br> Class A <br>| (27000)<br>| (1063800)<br>|
|  |  | (6940590)<br>|
| ***AUTOMOBILE COMPONENTS - (0.6)%*** | ***AUTOMOBILE COMPONENTS - (0.6)%*** | ***AUTOMOBILE COMPONENTS - (0.6)%*** |
| QuantumScape Corp. | (81000)<br>| (696600)<br>|
| ***AUTOMOBILES - (0.5)%*** | ***AUTOMOBILES - (0.5)%*** | ***AUTOMOBILES - (0.5)%*** |
| Tesla, Inc. | (2000)<br>| (616540)<br>|
| ***BANKS - (0.7)%*** | ***BANKS - (0.7)%*** | ***BANKS - (0.7)%*** |
| Flagstar Financial, Inc. | (70433)<br>| (795189)<br>|

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***BEVERAGES - (1.0)%*** | ***BEVERAGES - (1.0)%*** | ***BEVERAGES - (1.0)%*** |
| Brown-Forman Corp., Class B | (38000)<br>| $(1096300)<br>|
| ***BIOTECHNOLOGY - (4.0)%*** | ***BIOTECHNOLOGY - (4.0)%*** | ***BIOTECHNOLOGY - (4.0)%*** |
| Apellis Pharmaceuticals, Inc.  | (55000)<br>| (1228700)<br>|
| Exact Sciences Corp.  | (20000)<br>| (939000)<br>|
| Natera, Inc.  | (7000)<br>| (935620)<br>|
| Roivant Sciences Ltd.  | (85000)<br>| (965600)<br>|
| Viking Therapeutics, Inc.  | (16000)<br>| (521120)<br>|
|  |  | (4590040)<br>|
| ***BROADLINE RETAIL - (0.2)%*** | ***BROADLINE RETAIL - (0.2)%*** | ***BROADLINE RETAIL - (0.2)%*** |
| Amazon.com, Inc. | (1000)<br>| (234110)<br>|
| ***BUILDING PRODUCTS - (3.4)%*** | ***BUILDING PRODUCTS - (3.4)%*** | ***BUILDING PRODUCTS - (3.4)%*** |
| AAON, Inc.  | (12000)<br>| (1002000)<br>|
| Advanced Drainage Systems, Inc.  | (6000)<br>| (688500)<br>|
| Builders FirstSource, Inc.  | (9000)<br>| (1144170)<br>|
| Trex Co., Inc.  | (16000)<br>| (1027840)<br>|
|  |  | (3862510)<br>|
| ***CAPITAL MARKETS - (4.7)%*** | ***CAPITAL MARKETS - (4.7)%*** | ***CAPITAL MARKETS - (4.7)%*** |
| Blue Owl Capital, Inc.  | (47000)<br>| (909450)<br>|
| Coinbase Global, Inc., Class A  | (3000)<br>| (1133280)<br>|
| Hamilton Lane, Inc., Class A  | (7000)<br>| (1066100)<br>|
| Jefferies Financial Group, Inc.  | (19000)<br>| (1095540)<br>|
| KKR & Co., Inc.  | (5000)<br>| (732900)<br>|
| TPG, Inc.  | (7000)<br>| (399490)<br>|
|  |  | (5336760)<br>|
| ***CHEMICALS - (3.0)%*** | ***CHEMICALS - (3.0)%*** | ***CHEMICALS - (3.0)%*** |
| Air Products and Chemicals, Inc.  | (4000)<br>| (1151520)<br>|
| Albemarle Corp.  | (3500)<br>| (237475)<br>|
| Chemours Co. (The)  | (75000)<br>| (898500)<br>|
| Westlake Corp.  | (14000)<br>| (1110200)<br>|
|  |  | (3397695)<br>|
| ***CONSTRUCTION MATERIALS - (2.0)%*** | ***CONSTRUCTION MATERIALS - (2.0)%*** | ***CONSTRUCTION MATERIALS - (2.0)%*** |
| Eagle Materials, Inc.  | (5000)<br>| (1121450)<br>|
| Martin Marietta Materials, Inc.  | (2000)<br>| (1149760)<br>|
|  |  | (2271210)<br>|
| ***CONSUMER STAPLES DISTRIBUTION & RETAIL - (1.0)%*** | ***CONSUMER STAPLES DISTRIBUTION & RETAIL - (1.0)%*** | ***CONSUMER STAPLES DISTRIBUTION & RETAIL - (1.0)%*** |
| Grocery Outlet Holding Corp. | (83000)<br>| (1093110)<br>|
| ***CONTAINERS & PACKAGING - (1.7)%*** | ***CONTAINERS & PACKAGING - (1.7)%*** | ***CONTAINERS & PACKAGING - (1.7)%*** |
| International Paper Co.  | (21000)<br>| (981540)<br>|
| Packaging Corp. of America  | (5000)<br>| (968750)<br>|
|  |  | (1950290)<br>|
| ***DIVERSIFIED CONSUMER SERVICES - (0.6)%*** | ***DIVERSIFIED CONSUMER SERVICES - (0.6)%*** | ***DIVERSIFIED CONSUMER SERVICES - (0.6)%*** |
| Mister Car Wash, Inc. | (123600)<br>| (713790)<br>|

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD EQUITY MARKET NEUTRAL FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***ELECTRIC UTILITIES - (0.9)%*** | ***ELECTRIC UTILITIES - (0.9)%*** | ***ELECTRIC UTILITIES - (0.9)%*** |
| IDACORP, Inc. | (8000)<br>| $(1002640)<br>|
| ***ELECTRONIC EQUIPMENT, INSTRUMENTS*** <br> ***& COMPONENTS - (4.0)%*** | ***ELECTRONIC EQUIPMENT, INSTRUMENTS*** <br> ***& COMPONENTS - (4.0)%*** | ***ELECTRONIC EQUIPMENT, INSTRUMENTS*** <br> ***& COMPONENTS - (4.0)%*** |
| Coherent Corp.  | (11000)<br>| (1183600)<br>|
| Crane NXT Co.  | (19000)<br>| (1127460)<br>|
| Ingram Micro Holding Corp.  | (55000)<br>| (1084600)<br>|
| IPG Photonics Corp.  | (15000)<br>| (1123350)<br>|
|  |  | (4519010)<br>|
| ***ENTERTAINMENT - (1.1)%*** | ***ENTERTAINMENT - (1.1)%*** | ***ENTERTAINMENT - (1.1)%*** |
| Madison Square Garden Sports Corp. | (6000)<br>| (1212600)<br>|
| ***FINANCIAL SERVICES - (3.7)%*** | ***FINANCIAL SERVICES - (3.7)%*** | ***FINANCIAL SERVICES - (3.7)%*** |
| Block, Inc.  | (14000)<br>| (1081640)<br>|
| Rocket Cos., Inc., Class A  | (74000)<br>| (1092980)<br>|
| Shift4 Payments, Inc., Class A  | (11000)<br>| (1133000)<br>|
| UWM Holdings Corp.  | (235000)<br>| (944700)<br>|
|  |  | (4252320)<br>|
| ***FOOD PRODUCTS - (1.2)%*** | ***FOOD PRODUCTS - (1.2)%*** | ***FOOD PRODUCTS - (1.2)%*** |
| Freshpet, Inc.  | (7000)<br>| (478240)<br>|
| Seaboard Corp.  | (300)<br>| (950154)<br>|
|  |  | (1428394)<br>|
| ***GAS UTILITIES - (1.0)%*** | ***GAS UTILITIES - (1.0)%*** | ***GAS UTILITIES - (1.0)%*** |
| Atmos Energy Corp. | (7000)<br>| (1091440)<br>|
| ***GROUND TRANSPORTATION - (3.4)%*** | ***GROUND TRANSPORTATION - (3.4)%*** | ***GROUND TRANSPORTATION - (3.4)%*** |
| &nbsp;&nbsp;&nbsp;&nbsp; Knight-Swift Transportation Holdings, <br> Inc. <br>| (16000)<br>| (680000)<br>|
| Saia, Inc.  | (4000)<br>| (1208960)<br>|
| U-Haul Holding Co.  | (17000)<br>| (983620)<br>|
| XPO, Inc.  | (8000)<br>| (962320)<br>|
|  |  | (3834900)<br>|
| ***HEALTH CARE EQUIPMENT & SUPPLIES - (2.9)%*** | ***HEALTH CARE EQUIPMENT & SUPPLIES - (2.9)%*** | ***HEALTH CARE EQUIPMENT & SUPPLIES - (2.9)%*** |
| Baxter International, Inc.  | (37000)<br>| (805120)<br>|
| Cooper Cos., Inc. (The)  | (15000)<br>| (1060350)<br>|
| Enovis Corp.  | (31000)<br>| (830800)<br>|
| Inspire Medical Systems, Inc.  | (4000)<br>| (498160)<br>|
| Novocure Ltd.  | (8200)<br>| (94874)<br>|
| Tandem Diabetes Care, Inc.  | (1900)<br>| (29602)<br>|
|  |  | (3318906)<br>|
| ***HEALTH CARE PROVIDERS & SERVICES - (1.3)%*** | ***HEALTH CARE PROVIDERS & SERVICES - (1.3)%*** | ***HEALTH CARE PROVIDERS & SERVICES - (1.3)%*** |
| Acadia Healthcare Co., Inc.  | (50000)<br>| (1088500)<br>|
| Guardant Health, Inc.  | (9500)<br>| (389310)<br>|
|  |  | (1477810)<br>|
| ***HOTELS, RESTAURANTS & LEISURE - (7.8)%*** | ***HOTELS, RESTAURANTS & LEISURE - (7.8)%*** | ***HOTELS, RESTAURANTS & LEISURE - (7.8)%*** |
| Cava Group, Inc.  | (12000)<br>| (1056120)<br>|

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Churchill Downs, Inc.  | (10000)<br>| $(1070400)<br>|
| DraftKings, Inc., Class A  | (26000)<br>| (1171040)<br>|
| Dutch Bros., Inc., Class A  | (13000)<br>| (770510)<br>|
| Hyatt Hotels Corp., Class A  | (7000)<br>| (986790)<br>|
| Light & Wonder, Inc.  | (11000)<br>| (1059520)<br>|
| Norwegian Cruise Line Holdings Ltd.  | (13000)<br>| (332280)<br>|
| Starbucks Corp.  | (11000)<br>| (980760)<br>|
| Texas Roadhouse, Inc.  | (6000)<br>| (1110780)<br>|
| Wingstop, Inc.  | (1000)<br>| (377340)<br>|
|  |  | (8915540)<br>|
| ***HOUSEHOLD DURABLES - (3.7)%*** | ***HOUSEHOLD DURABLES - (3.7)%*** | ***HOUSEHOLD DURABLES - (3.7)%*** |
| Lennar Corp., Class A  | (10000)<br>| (1121800)<br>|
| Newell Brands, Inc.  | (155000)<br>| (869550)<br>|
| SharkNinja, Inc.  | (10000)<br>| (1161000)<br>|
| Somnigroup International, Inc.  | (15000)<br>| (1085700)<br>|
|  |  | (4238050)<br>|
| ***INDEPENDENT POWER AND RENEWABLE ELECTRICITY*** <br> ***PRODUCERS - (0.7)%*** | ***INDEPENDENT POWER AND RENEWABLE ELECTRICITY*** <br> ***PRODUCERS - (0.7)%*** | ***INDEPENDENT POWER AND RENEWABLE ELECTRICITY*** <br> ***PRODUCERS - (0.7)%*** |
| Talen Energy Corp. | (2000)<br>| (755140)<br>|
| ***INDUSTRIAL CONGLOMERATES - (1.0)%*** | ***INDUSTRIAL CONGLOMERATES - (1.0)%*** | ***INDUSTRIAL CONGLOMERATES - (1.0)%*** |
| 3M Co. | (8000)<br>| (1193760)<br>|
| ***INSURANCE - (0.8)%*** | ***INSURANCE - (0.8)%*** | ***INSURANCE - (0.8)%*** |
| Kinsale Capital Group, Inc. | (2000)<br>| (881380)<br>|
| ***INTERACTIVE MEDIA & SERVICES - (0.7)%*** | ***INTERACTIVE MEDIA & SERVICES - (0.7)%*** | ***INTERACTIVE MEDIA & SERVICES - (0.7)%*** |
| &nbsp;&nbsp;&nbsp;&nbsp; Trump Media & Technology Group <br> Corp.<br>| (44000)<br>| (773960)<br>|
| ***LIFE SCIENCES TOOLS & SERVICES - (4.9)%*** | ***LIFE SCIENCES TOOLS & SERVICES - (4.9)%*** | ***LIFE SCIENCES TOOLS & SERVICES - (4.9)%*** |
| 10X Genomics, Inc., Class A  | (75000)<br>| (1008750)<br>|
| Bio-Techne Corp.  | (16000)<br>| (875680)<br>|
| Bruker Corp.  | (20000)<br>| (768600)<br>|
| Sotera Health Co.  | (92000)<br>| (1057080)<br>|
| Tempus AI, Inc.  | (17000)<br>| (962030)<br>|
| Thermo Fisher Scientific, Inc.  | (2000)<br>| (935360)<br>|
|  |  | (5607500)<br>|
| ***MACHINERY - (0.3)%*** | ***MACHINERY - (0.3)%*** | ***MACHINERY - (0.3)%*** |
| RBC Bearings, Inc. | (1000)<br>| (387340)<br>|
| ***MEDIA - (1.9)%*** | ***MEDIA - (1.9)%*** | ***MEDIA - (1.9)%*** |
| Liberty Broadband Corp., Class A  | (18000)<br>| (1100340)<br>|
| Trade Desk (The), Inc., Class A  | (12000)<br>| (1043520)<br>|
|  |  | (2143860)<br>|
| ***METALS & MINING - (2.8)%*** | ***METALS & MINING - (2.8)%*** | ***METALS & MINING - (2.8)%*** |
| Cleveland-Cliffs, Inc.  | (97000)<br>| (1020440)<br>|

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD EQUITY MARKET NEUTRAL FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| MP Materials Corp.  | (17000)<br>| $(1045500)<br>|
| Nucor Corp.  | (8000)<br>| (1144560)<br>|
|  |  | (3210500)<br>|
| ***MULTI-UTILITIES - (1.5)%*** | ***MULTI-UTILITIES - (1.5)%*** | ***MULTI-UTILITIES - (1.5)%*** |
| CMS Energy Corp.  | (7000)<br>| (516600)<br>|
| Dominion Energy, Inc.  | (20000)<br>| (1169000)<br>|
|  |  | (1685600)<br>|
| ***OIL, GAS & CONSUMABLE FUELS - (2.3)%*** | ***OIL, GAS & CONSUMABLE FUELS - (2.3)%*** | ***OIL, GAS & CONSUMABLE FUELS - (2.3)%*** |
| Diamondback Energy, Inc.  | (7000)<br>| (1040620)<br>|
| Targa Resources Corp.  | (3000)<br>| (499230)<br>|
| Viper Energy, Inc.  | (29000)<br>| (1092140)<br>|
|  |  | (2631990)<br>|
| ***PASSENGER AIRLINES - (0.4)%*** | ***PASSENGER AIRLINES - (0.4)%*** | ***PASSENGER AIRLINES - (0.4)%*** |
| JetBlue Airways Corp. | (93500)<br>| (415140)<br>|
| ***PERSONAL CARE PRODUCTS - (1.0)%*** | ***PERSONAL CARE PRODUCTS - (1.0)%*** | ***PERSONAL CARE PRODUCTS - (1.0)%*** |
| elf Beauty, Inc. | (9000)<br>| (1090710)<br>|
| ***PROFESSIONAL SERVICES - (1.0)%*** | ***PROFESSIONAL SERVICES - (1.0)%*** | ***PROFESSIONAL SERVICES - (1.0)%*** |
| Amentum Holdings, Inc. | (46000)<br>| (1148620)<br>|
| ***SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - (4.2)%*** | ***SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - (4.2)%*** | ***SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - (4.2)%*** |
| Allegro MicroSystems, Inc.  | (31000)<br>| (973710)<br>|
| Astera Labs, Inc.  | (9000)<br>| (1230570)<br>|
| Entegris, Inc.  | (6600)<br>| (517836)<br>|
| First Solar, Inc.  | (6000)<br>| (1048380)<br>|
| Onto Innovation, Inc.  | (11000)<br>| (1042250)<br>|
|  |  | (4812746)<br>|
| ***SOFTWARE - (3.6)%*** | ***SOFTWARE - (3.6)%*** | ***SOFTWARE - (3.6)%*** |
| C3.ai, Inc., Class A  | (10700)<br>| (252092)<br>|
| Five9, Inc.  | (31000)<br>| (800730)<br>|
| MicroStrategy, Inc., Class A  | (3000)<br>| (1205580)<br>|
| nCino, Inc.  | (9000)<br>| (251325)<br>|
| SailPoint, Inc.  | (30000)<br>| (670200)<br>|
| SentinelOne, Inc., Class A  | (51000)<br>| (935340)<br>|
|  |  | (4115267)<br>|

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***SPECIALTY RETAIL - (0.6)%*** | ***SPECIALTY RETAIL - (0.6)%*** | ***SPECIALTY RETAIL - (0.6)%*** |
| Floor & Decor Holdings, Inc.  | (6500)<br>| $(498160)<br>|
| RH  | (1000)<br>| (205620)<br>|
|  |  | (703780)<br>|
| ***TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS - (1.0)%*** | ***TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS - (1.0)%*** | ***TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS - (1.0)%*** |
| Super Micro Computer, Inc. | (19000)<br>| (1120430)<br>|
| ***TEXTILES, APPAREL & LUXURY GOODS - (2.9)%*** | ***TEXTILES, APPAREL & LUXURY GOODS - (2.9)%*** | ***TEXTILES, APPAREL & LUXURY GOODS - (2.9)%*** |
| Amer Sports, Inc.  | (28000)<br>| (1051120)<br>|
| Skechers USA, Inc., Class A  | (19000)<br>| (1201750)<br>|
| Under Armour, Inc., Class A  | (163000)<br>| (1082320)<br>|
|  |  | (3335190)<br>|
| ***TRADING COMPANIES & DISTRIBUTORS - (1.4)%*** | ***TRADING COMPANIES & DISTRIBUTORS - (1.4)%*** | ***TRADING COMPANIES & DISTRIBUTORS - (1.4)%*** |
| FTAI Aviation Ltd.  | (8000)<br>| (1100880)<br>|
| Watsco, Inc.  | (1000)<br>| (450880)<br>|
|  |  | (1551760)<br>|
| **TOTAL COMMON STOCKS SOLD** <br> **SHORT** <br>**(PROCEEDS ($101160478))**<br>|  | (106451017)<br>|
| **TOTAL SECURITIES SOLD** <br> **SHORT** <br>**(PROCEEDS ($101160478)) -** <br> **(93.5)%**<br>|  | (106451017)<br>|
| **OTHER ASSETS IN EXCESS OF** <br> **LIABILITIES - 96.7%**<br>|  | 110059490 |
| **NET ASSETS - 100.0%** |  | $113823375 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> All or portion of the shares have been pledged as collateral for open short positions. The total market value of the securities pledged at July 31, 2025 is $72,160,012. 

<sup>(b)</sup> Non-income producing security.

<sup>(c)</sup> 7-day current yield as of July 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

N.V. — Naamloze Vennootschap <br> PLC — Public Limited Company <br> SA — Societe Anonyme

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD GLOBAL EQUITY INCOME FUND**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Country Diversification** | **Percent\*** |
| United States | 56.1<br> %<br>|
| Canada | 13.6 |
| United Kingdom | 7.5 |
| Taiwan | 6.3 |
| Ireland (Republic of) | 5.9 |
| Brazil | 2.4 |
| Spain | 1.9 |
| Cayman Islands | 1.7 |
| Switzerland | 1.6 |
| Philippines | 1.4 |
| Netherlands | 1.4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments | 99.8<br> %<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Percentages are based on net assets as of July 31, 2025.

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD GLOBAL EQUITY INCOME FUND**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS - 97.9%** |  |  |
| ***AEROSPACE & DEFENSE - 1.2%*** |  |  |
| General Dynamics Corp. | 15694 | $4890407 |
| ***BANKS - 16.1%*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA, <br> Sponsored ADR<br>| 468536 | 7838607 |
| Bank of Nova Scotia (The) | 67775 | 3768968 |
| Canadian Imperial Bank of Commerce | 84868 | 6062970 |
| HSBC Holdings PLC, Sponsored ADR | 114632 | 7026942 |
| Lloyds Banking Group PLC, ADR | 1999197 | 8436611 |
| NatWest Group PLC, Sponsored ADR | 787973 | 11015862 |
| Regions Financial Corp. | 245111 | 6208662 |
| Royal Bank of Canada | 43733 | 5617941 |
| Toronto-Dominion Bank (The) | 84450 | 6154716 |
| U.S. Bancorp | 130158 | 5851904 |
|  |  | 67983183 |
| ***BEVERAGES - 1.6%*** |  |  |
| Coca-Cola Co. (The) | 99509 | 6755666 |
| ***BIOTECHNOLOGY - 1.9%*** |  |  |
| Gilead Sciences, Inc. | 71731 | 8054674 |
| ***BROADLINE RETAIL - 1.7%*** |  |  |
| MINISO Group Holding Ltd., ADR | 368947 | 7050577 |
| ***BUILDING PRODUCTS - 1.7%*** |  |  |
| Johnson Controls International PLC | 67242 | 7060410 |
| ***CHEMICALS - 0.9%*** |  |  |
| Air Products and Chemicals, Inc. | 13350 | 3843198 |
| ***COMMUNICATIONS EQUIPMENT -*** <br> ***1.7%***<br>|  |  |
| Cisco Systems, Inc. | 106415 | 7244733 |
| ***CONSUMER STAPLES*** <br> ***DISTRIBUTION & RETAIL - 2.4%***<br>|  |  |
| Sysco Corp. | 90839 | 7230784 |
| Target Corp. | 31019 | 3117410 |
|  |  | 10348194 |
| ***ELECTRIC UTILITIES - 1.5%*** |  |  |
| Fortis, Inc. | 130286 | 6380105 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***ELECTRONIC EQUIPMENT,*** <br> ***INSTRUMENTS*** <br> ***& COMPONENTS - 3.1%***<br>|  |  |
| Avnet, Inc. | 103928 | $5501948 |
| TE Connectivity PLC | 36596 | 7529627 |
|  |  | 13031575 |
| ***ENTERTAINMENT - 1.2%*** |  |  |
| Warner Music Group Corp., Class A | 167114 | 4889756 |
| ***FOOD PRODUCTS - 0.7%*** |  |  |
| General Mills, Inc. | 60350 | 2955943 |
| ***GROUND TRANSPORTATION - 1.3%*** |  |  |
| Canadian National Railway Co. | 61257 | 5724467 |
| ***HEALTH CARE EQUIPMENT &*** <br> ***SUPPLIES - 2.9%***<br>|  |  |
| Abbott Laboratories | 63055 | 7956910 |
| Medtronic PLC | 47808 | 4314194 |
|  |  | 12271104 |
| ***HEALTH CARE PROVIDERS &*** <br> ***SERVICES - 3.2%***<br>|  |  |
| Cigna Group (The) | 32891 | 8794396 |
| Elevance Health, Inc. | 16368 | 4633453 |
|  |  | 13427849 |
| ***HOTELS, RESTAURANTS &*** <br> ***LEISURE - 2.4%***<br>|  |  |
| McDonald's Corp. | 33672 | 10103957 |
| ***INSURANCE - 1.4%*** |  |  |
| Sun Life Financial, Inc. | 95756 | 5841116 |
| ***IT SERVICES - 6.1%*** |  |  |
| Accenture PLC, Class A | 21914 | 5853230 |
| Amdocs Ltd. | 75959 | 6483860 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cognizant Technology Solutions Corp., <br> Class A<br>| 57828 | 4149737 |
| International Business Machines Corp. | 36622 | 9270859 |
|  |  | 25757686 |
| ***MACHINERY - 1.5%*** |  |  |
| Snap-on, Inc. | 19500 | 6263205 |
| ***MEDIA - 3.8%*** |  |  |
| Comcast Corp., Class A | 111919 | 3719068 |
| Interpublic Group of Cos., Inc. (The) | 156735 | 3855681 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD GLOBAL EQUITY INCOME FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Omnicom Group, Inc. | 51384 | $3702217 |
| TEGNA, Inc. | 292252 | 4880609 |
|  |  | 16157575 |
| ***OIL, GAS & CONSUMABLE FUELS -*** <br> ***4.2%***<br>|  |  |
| Canadian Natural Resources, Ltd. | 203261 | 6443374 |
| Shell PLC, ADR | 72665 | 5247140 |
| Suncor Energy, Inc. | 158942 | 6271851 |
|  |  | 17962365 |
| ***PROFESSIONAL SERVICES - 3.5%*** |  |  |
| Broadridge Financial Solutions, Inc. | 28084 | 6951071 |
| Paychex, Inc. | 55817 | 8056067 |
|  |  | 15007138 |
| ***RETAIL REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 1.5%***<br>|  |  |
| Tanger, Inc. | 215333 | 6464297 |
| ***SEMICONDUCTORS &*** <br> ***SEMICONDUCTOR EQUIPMENT -*** <br> ***14.0%***<br>|  |  |
| Analog Devices, Inc. | 31491 | 7073823 |
| ASE Industrial Holding Co. Ltd., ADR | 804777 | 7645382 |
| Broadcom, Inc. | 44190 | 12978603 |
| NXP Semiconductors N.V. | 27795 | 5941737 |
| QUALCOMM, Inc. | 42928 | 6300113 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing <br> Co. Ltd., Sponsored ADR<br>| 63875 | 15433478 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Microelectronics Corp., <br> Sponsored ADR<br>| 545983 | 3734524 |
|  |  | 59107660 |
| ***SOFTWARE - 1.3%*** |  |  |
| Open Text Corp. | 183306 | 5394696 |
| ***SPECIALIZED REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 0.9%***<br>|  |  |
| Rayonier, Inc. | 171709 | 4002537 |
| ***SPECIALTY RETAIL - 5.5%*** |  |  |
| Gap, Inc. (The) | 414127 | 8058911 |
| Home Depot, Inc. (The) | 15172 | 5575862 |
| Signet Jewelers Ltd. | 123532 | 9771381 |
|  |  | 23406154 |
| ***TECHNOLOGY HARDWARE,*** <br> ***STORAGE & PERIPHERALS -*** <br> ***5.8%***<br>|  |  |
| Hewlett Packard Enterprise Co. | 316263 | 6543482 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| HP, Inc. | 208845 | $5179356 |
| Logitech International SA | 73788 | 6853429 |
| NetApp, Inc. | 56315 | 5864081 |
|  |  | 24440348 |
| ***WIRELESS TELECOMMUNICATION*** <br> ***SERVICES - 2.9%***<br>|  |  |
| PLDT, Inc., ADR | 258047 | 5955725 |
| TIM SA, ADR | 339217 | 6234808 |
|  |  | 12190533 |
| **TOTAL COMMON STOCKS** <br>**(COST $334,898,863)**<br>|  | 414011108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 1.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 1.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 1.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio <br> (Premier Class), 4.15%<sup>(a)</sup> <br>| 4088511 | 4088511 |
| **TOTAL MONEY MARKET FUND** <br>**(COST $4,088,511)**<br>|  | 4088511 |
| **PREFERRED STOCKS - 0.9%** | **PREFERRED STOCKS - 0.9%** | **PREFERRED STOCKS - 0.9%** |
| ***ELECTRIC UTILITIES - 0.9%*** | ***ELECTRIC UTILITIES - 0.9%*** | ***ELECTRIC UTILITIES - 0.9%*** |
| &nbsp;&nbsp;&nbsp;&nbsp; Cia Energetica de Minas Gerais, <br> Sponsored ADR, 3.21%<sup>(b)</sup> <br>| 2208099 | 3996659 |
| **TOTAL PREFERRED STOCKS** <br>**(COST $4,373,793)**<br>|  | 3996659 |
| **TOTAL INVESTMENTS** <br>**(COST $343,361,167) - 99.8%**<br>|  | 422096278 |
| **OTHER ASSETS IN EXCESS OF** <br> **LIABILITIES - 0.2%**<br>|  | 680371 |
| **NET ASSETS - 100.0%** |  | $422776649 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> 7-day current yield as of July 31, 2025.

<sup>(b)</sup> Current yield. Dividends are calculated based on a percentage of the issuer's net income. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| ADR — American Depositary Receipt |
| N.V. — Naamloze Vennootschap |
| PLC — Public Limited Company |
| SA — Societe Anonyme |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD LARGE CAP CORE FUND**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS - 99.9%** |  |  |
| ***AUTOMOBILE COMPONENTS - 2.1%*** |  |  |
| Aptiv PLC<sup>(a)</sup> <br>| 27000 | $1853280 |
| BorgWarner, Inc. | 52000 | 1913600 |
|  |  | 3766880 |
| ***AUTOMOBILES - 0.7%*** |  |  |
| Harley-Davidson, Inc. | 13100 | 318723 |
| Tesla, Inc.<sup>(a)</sup> <br>| 3000 | 924810 |
|  |  | 1243533 |
| ***BANKS - 3.9%*** |  |  |
| Citigroup, Inc. | 25000 | 2342500 |
| JPMorgan Chase & Co. | 3000 | 888720 |
| &nbsp;&nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. <br> (The)<br>| 9000 | 1712430 |
| Popular, Inc. | 16000 | 1833280 |
|  |  | 6776930 |
| ***BIOTECHNOLOGY - 1.3%*** |  |  |
| Gilead Sciences, Inc. | 20000 | 2245800 |
| ***BROADLINE RETAIL - 3.9%*** |  |  |
| Amazon.com, Inc.<sup>(a)</sup> <br>| 21000 | 4916310 |
| eBay, Inc. | 20000 | 1835001 |
|  |  | 6751311 |
| ***CAPITAL MARKETS - 7.8%*** |  |  |
| Ameriprise Financial, Inc. | 3000 | 1554570 |
| Bank of New York Mellon Corp. (The) | 20000 | 2029000 |
| Charles Schwab Corp. (The) | 24000 | 2345520 |
| Goldman Sachs Group, Inc. (The) | 3000 | 2170770 |
| Janus Henderson Group PLC | 43000 | 1861900 |
| S&P Global, Inc. | 4000 | 2204400 |
| XP, Inc. | 96000 | 1549440 |
|  |  | 13715600 |
| ***CHEMICALS - 1.1%*** |  |  |
| Corteva, Inc. | 26000 | 1875380 |
| ***COMMUNICATIONS EQUIPMENT -*** <br> ***2.5%***<br>|  |  |
| Cisco Systems, Inc. | 38000 | 2587040 |
| F5, Inc.<sup>(a)</sup> <br>| 6000 | 1880520 |
|  |  | 4467560 |
| ***CONSTRUCTION & ENGINEERING -*** <br> ***2.1%***<br>|  |  |
| AECOM | 16000 | 1803840 |
| EMCOR Group, Inc. | 3000 | 1882470 |
|  |  | 3686310 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***CONSUMER FINANCE - 4.5%*** |  |  |
| American Express Co. | 7000 | $2095170 |
| Capital One Financial Corp. | 9999 | 2149785 |
| SLM Corp. | 56000 | 1780800 |
| Synchrony Financial | 26000 | 1811420 |
|  |  | 7837175 |
| ***CONSUMER STAPLES*** <br> ***DISTRIBUTION & RETAIL - 0.7%***<br>|  |  |
| Walgreens Boots Alliance, Inc. | 104000 | 1210560 |
| ***CONTAINERS & PACKAGING - 0.2%*** |  |  |
| Crown Holdings, Inc. | 3000 | 298080 |
| ***DIVERSIFIED CONSUMER*** <br> ***SERVICES - 0.7%***<br>|  |  |
| H&R Block, Inc. | 23000 | 1249820 |
| ***DIVERSIFIED*** <br> ***TELECOMMUNICATION*** <br> ***SERVICES - 2.0%***<br>|  |  |
| Iridium Communications, Inc. | 71000 | 1736660 |
| Verizon Communications, Inc. | 43000 | 1838680 |
|  |  | 3575340 |
| ***ELECTRIC UTILITIES - 0.8%*** |  |  |
| NRG Energy, Inc. | 8000 | 1337600 |
| ***ELECTRONIC EQUIPMENT,*** <br> ***INSTRUMENTS*** <br> ***& COMPONENTS - 3.6%***<br>|  |  |
| Avnet, Inc. | 16000 | 847040 |
| Flex Ltd.<sup>(a)</sup> <br>| 36000 | 1795320 |
| Jabil, Inc. | 8000 | 1785360 |
| Keysight Technologies, Inc.<sup>(a)</sup> <br>| 11000 | 1803010 |
|  |  | 6230730 |
| ***ENERGY EQUIPMENT & SERVICES*** <br> ***- 0.7%***<br>|  |  |
| TechnipFMC PLC | 32000 | 1163840 |
| ***ENTERTAINMENT - 1.0%*** |  |  |
| Electronic Arts, Inc. | 12000 | 1829880 |
| ***FINANCIAL SERVICES - 4.5%*** |  |  |
| Berkshire Hathaway, Inc., Class B<sup>(a)</sup> <br>| 2000 | 943760 |
| Mastercard, Inc., Class A | 6000 | 3398820 |
| Visa, Inc., Class A | 10000 | 3454700 |
|  |  | 7797280 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD LARGE CAP CORE FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***HEALTH CARE PROVIDERS &*** <br> ***SERVICES - 5.4%***<br>|  |  |
| Cardinal Health, Inc. | 12000 | $1862640 |
| Cigna Group (The) | 7000 | 1871660 |
| DaVita, Inc.<sup>(a)</sup> <br>| 3200 | 449183 |
| Elevance Health, Inc. | 1000 | 283080 |
| Humana, Inc. | 4000 | 999480 |
| McKesson Corp. | 3000 | 2080620 |
| Molina Healthcare, Inc.<sup>(a)</sup> <br>| 6000 | 947220 |
| Premier, Inc., Class A | 45000 | 966600 |
|  |  | 9460483 |
| ***HOTELS, RESTAURANTS &*** <br> ***LEISURE - 1.3%***<br>|  |  |
| Booking Holdings, Inc. | 400 | 2201624 |
| ***HOUSEHOLD PRODUCTS - 1.6%*** |  |  |
| Colgate-Palmolive Co. | 17000 | 1425450 |
| Kimberly-Clark Corp. | 11000 | 1370820 |
|  |  | 2796270 |
| ***INSURANCE - 3.3%*** |  |  |
| Aflac, Inc. | 9000 | 894240 |
| Hartford Insurance Group, Inc. (The) | 14000 | 1741460 |
| MetLife, Inc. | 15300 | 1162035 |
| Progressive Corp. (The) | 8000 | 1936320 |
|  |  | 5734055 |
| ***INTERACTIVE MEDIA & SERVICES*** <br> ***- 4.3%***<br>|  |  |
| Alphabet, Inc., Class A | 23000 | 4413700 |
| Meta Platforms, Inc., Class A | 4000 | 3093760 |
|  |  | 7507460 |
| ***IT SERVICES - 1.3%*** |  |  |
| International Business Machines Corp. | 9000 | 2278350 |
| ***LEISURE PRODUCTS - 1.4%*** |  |  |
| Mattel, Inc.<sup>(a)</sup> <br>| 44000 | 748440 |
| YETI Holdings, Inc.<sup>(a)</sup> <br>| 45000 | 1653300 |
|  |  | 2401740 |
| ***MEDIA - 1.1%*** |  |  |
| Comcast Corp., Class A | 60000 | 1993800 |
| ***PROFESSIONAL SERVICES - 2.3%*** |  |  |
| Automatic Data Processing, Inc. | 7000 | 2166500 |
| Genpact Ltd. | 41000 | 1806050 |
|  |  | 3972550 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***REAL ESTATE MANAGEMENT &*** <br> ***DEVELOPMENT - 2.1%***<br>|  |  |
| CBRE Group, Inc., Class A<sup>(a)</sup> <br>| 12000 | $1868880 |
| Jones Lang LaSalle, Inc.<sup>(a)</sup> <br>| 7000 | 1892520 |
|  |  | 3761400 |
| ***SEMICONDUCTORS &*** <br> ***SEMICONDUCTOR EQUIPMENT -*** <br> ***9.7%***<br>|  |  |
| Broadcom, Inc. | 8000 | 2349600 |
| Cirrus Logic, Inc.<sup>(a)</sup> <br>| 17000 | 1712070 |
| NVIDIA Corp. | 60000 | 10672200 |
| QUALCOMM, Inc. | 15000 | 2201400 |
|  |  | 16935270 |
| ***SOFTWARE - 13.6%*** |  |  |
| Adobe, Inc.<sup>(a)</sup> <br>| 6000 | 2146140 |
| Autodesk, Inc.<sup>(a)</sup> <br>| 3000 | 909330 |
| Dolby Laboratories, Inc., Class A | 22000 | 1657480 |
| Dropbox, Inc., Class A<sup>(a)</sup> <br>| 52000 | 1412840 |
| Fortinet, Inc.<sup>(a)</sup> <br>| 19000 | 1898100 |
| Gen Digital, Inc. | 59000 | 1739910 |
| Intuit, Inc. | 3000 | 2355390 |
| Microsoft Corp. | 19000 | 10136500 |
| Nutanix, Inc., Class A<sup>(a)</sup> <br>| 21000 | 1578570 |
|  |  | 23834260 |
| ***SPECIALTY RETAIL - 0.7%*** |  |  |
| Gap, Inc. (The) | 60000 | 1167600 |
| ***TECHNOLOGY HARDWARE,*** <br> ***STORAGE & PERIPHERALS -*** <br> ***4.3%***<br>|  |  |
| Apple, Inc. | 36000 | 7472520 |
| ***TEXTILES, APPAREL & LUXURY*** <br> ***GOODS - 2.4%***<br>|  |  |
| Columbia Sportswear Co. | 23000 | 1301110 |
| Crocs, Inc.<sup>(a)</sup> <br>| 11000 | 1097030 |
| Ralph Lauren Corp. | 6000 | 1792500 |
|  |  | 4190640 |
| ***WIRELESS TELECOMMUNICATION*** <br> ***SERVICES - 1.0%***<br>|  |  |
| Millicom International Cellular SA | 45000 | 1806750 |
| **TOTAL COMMON STOCKS** <br>**(COST $146,080,165)**<br>|  | 174574381 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD LARGE CAP CORE FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 0.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 0.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio <br> (Premier Class), 4.15%<sup>(b)</sup> <br>| 258520 | $258520 |
| **TOTAL MONEY MARKET FUND** <br>**(COST $258,520)**<br>|  | 258520 |
| **TOTAL INVESTMENTS** <br>**(COST $146,338,685) - 100.0%**<br>|  | 174832901 |
| **LIABILITIES IN EXCESS OF** <br> **OTHER ASSETS - 0.0%**<br>|  | (79663)<br>|
| **NET ASSETS - 100.0%** |  | $174753238 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

 <br> <sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> 7-day current yield as of July 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

PLC — Public Limited Company <br> SA — Societe Anonyme

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD LARGE CAP GROWTH FUND**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS - 99.9%** |  |  |
| ***AUTOMOBILES - 1.9%*** |  |  |
| Tesla, Inc.<sup>(a)</sup> <br>| 13000 | $4007510 |
| ***BEVERAGES - 0.5%*** |  |  |
| Monster Beverage Corp.<sup>(a)</sup> <br>| 17000 | 998750 |
| ***BIOTECHNOLOGY - 1.9%*** |  |  |
| Exelixis, Inc.<sup>(a)</sup> <br>| 59000 | 2136980 |
| Incyte Corp.<sup>(a)</sup> <br>| 25000 | 1872250 |
|  |  | 4009230 |
| ***BROADLINE RETAIL - 4.3%*** |  |  |
| Amazon.com, Inc.<sup>(a)</sup> <br>| 39000 | 9130290 |
| ***CAPITAL MARKETS - 1.0%*** |  |  |
| Ameriprise Financial, Inc. | 4000 | 2072760 |
| ***CONSTRUCTION & ENGINEERING -*** <br> ***2.3%***<br>|  |  |
| EMCOR Group, Inc. | 4000 | 2509960 |
| MasTec, Inc.<sup>(a)</sup> <br>| 12000 | 2270520 |
|  |  | 4780480 |
| ***CONSUMER FINANCE - 0.9%*** |  |  |
| American Express Co. | 3000 | 897930 |
| Synchrony Financial | 15300 | 1065951 |
|  |  | 1963881 |
| ***CONSUMER STAPLES*** <br> ***DISTRIBUTION & RETAIL - 1.4%***<br>|  |  |
| Costco Wholesale Corp. | 800 | 751712 |
| Sprouts Farmers Market, Inc.<sup>(a)</sup> <br>| 14000 | 2121560 |
|  |  | 2873272 |
| ***DIVERSIFIED CONSUMER*** <br> ***SERVICES - 1.7%***<br>|  |  |
| Grand Canyon Education, Inc.<sup>(a)</sup> <br>| 13000 | 2192190 |
| H&R Block, Inc. | 26000 | 1412840 |
|  |  | 3605030 |
| ***DIVERSIFIED*** <br> ***TELECOMMUNICATION*** <br> ***SERVICES - 1.0%***<br>|  |  |
| Iridium Communications, Inc. | 86000 | 2103560 |
| ***ELECTRIC UTILITIES - 1.1%*** |  |  |
| NRG Energy, Inc. | 14000 | 2340800 |
| ***ELECTRONIC EQUIPMENT,*** <br> ***INSTRUMENTS*** <br> ***& COMPONENTS - 1.0%***<br>|  |  |
| Jabil, Inc. | 10000 | 2231700 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***ENTERTAINMENT - 0.8%*** |  |  |
| Netflix, Inc.<sup>(a)</sup> <br>| 1400 | $1623160 |
| ***FINANCIAL SERVICES - 6.3%*** |  |  |
| Mastercard, Inc., Class A | 10000 | 5664700 |
| PayPal Holdings, Inc.<sup>(a)</sup> <br>| 21000 | 1443960 |
| Visa, Inc., Class A | 18000 | 6218460 |
|  |  | 13327120 |
| ***HEALTH CARE EQUIPMENT &*** <br> ***SUPPLIES - 0.8%***<br>|  |  |
| ResMed, Inc. | 6000 | 1631640 |
| ***HEALTH CARE PROVIDERS &*** <br> ***SERVICES - 2.6%***<br>|  |  |
| Cardinal Health, Inc. | 14000 | 2173080 |
| Cigna Group (The) | 4000 | 1069520 |
| DaVita, Inc.<sup>(a)</sup> <br>| 11000 | 1544070 |
| McKesson Corp. | 1000 | 693540 |
|  |  | 5480210 |
| ***HEALTH CARE TECHNOLOGY -*** <br> ***1.1%***<br>|  |  |
| Veeva Systems, Inc., Class A<sup>(a)</sup> <br>| 8000 | 2273600 |
| ***HOTELS, RESTAURANTS &*** <br> ***LEISURE - 1.6%***<br>|  |  |
| Booking Holdings, Inc. | 600 | 3302436 |
| ***HOUSEHOLD PRODUCTS - 0.3%*** |  |  |
| Kimberly-Clark Corp. | 5000 | 623100 |
| ***INSURANCE - 1.9%*** |  |  |
| Allstate Corp. (The) | 10000 | 2032500 |
| Progressive Corp. (The) | 8000 | 1936320 |
|  |  | 3968820 |
| ***INTERACTIVE MEDIA & SERVICES*** <br> ***- 8.1%***<br>|  |  |
| Alphabet, Inc., Class A | 37000 | 7100300 |
| Meta Platforms, Inc., Class A | 10000 | 7734400 |
| Pinterest, Inc., Class A<sup>(a)</sup> <br>| 57000 | 2200200 |
|  |  | 17034900 |
| ***IT SERVICES - 3.9%*** |  |  |
| GoDaddy, Inc., Class A<sup>(a)</sup> <br>| 13000 | 2100540 |
| Okta, Inc.<sup>(a)</sup> <br>| 22000 | 2151600 |
| Twilio, Inc., Class A<sup>(a)</sup> <br>| 16000 | 2064000 |
| VeriSign, Inc. | 7000 | 1882090 |
|  |  | 8198230 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD LARGE CAP GROWTH FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***MEDIA - 1.0%*** |  |  |
| Nexstar Media Group, Inc. | 11000 | $2058210 |
| ***PROFESSIONAL SERVICES - 3.0%*** |  |  |
| Genpact Ltd. | 34000 | 1497700 |
| Paycom Software, Inc. | 10000 | 2315400 |
| Robert Half, Inc. | 8000 | 295280 |
| Verisk Analytics, Inc. | 8000 | 2229680 |
|  |  | 6338060 |
| ***REAL ESTATE MANAGEMENT &*** <br> ***DEVELOPMENT - 1.6%***<br>|  |  |
| CBRE Group, Inc., Class A<sup>(a)</sup> <br>| 9400 | 1463956 |
| Jones Lang LaSalle, Inc.<sup>(a)</sup> <br>| 7000 | 1892520 |
|  |  | 3356476 |
| ***SEMICONDUCTORS &*** <br> ***SEMICONDUCTOR EQUIPMENT -*** <br> ***18.6%***<br>|  |  |
| Broadcom, Inc. | 25000 | 7342500 |
| KLA Corp. | 3000 | 2637090 |
| NVIDIA Corp. | 151000 | 26858370 |
| QUALCOMM, Inc. | 16000 | 2348160 |
|  |  | 39186120 |
| ***SOFTWARE - 19.1%*** |  |  |
| Autodesk, Inc.<sup>(a)</sup> <br>| 9000 | 2727990 |
| DocuSign, Inc.<sup>(a)</sup> <br>| 29000 | 2193560 |
| Dropbox, Inc., Class A<sup>(a)</sup> <br>| 62000 | 1684540 |
| Dynatrace, Inc.<sup>(a)</sup> <br>| 38000 | 1999180 |
| Fortinet, Inc.<sup>(a)</sup> <br>| 25000 | 2497500 |
| Gen Digital, Inc. | 60000 | 1769400 |
| Intuit, Inc. | 5000 | 3925650 |
| Microsoft Corp. | 28000 | 14938000 |
| Nutanix, Inc., Class A<sup>(a)</sup> <br>| 29000 | 2179930 |
| Oracle Corp. | 3000 | 761310 |
| Palantir Technologies, Inc., Class A<sup>(a)</sup> <br>| 2000 | 316700 |
| Pegasystems, Inc. | 12000 | 704520 |
| Salesforce, Inc. | 8000 | 2066640 |
| UiPath, Inc., Class A<sup>(a)</sup> <br>| 167000 | 1962250 |
| Workday, Inc., Class A<sup>(a)</sup> <br>| 2000 | 458760 |
|  |  | 40185930 |
| ***SPECIALIZED REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 1.0%***<br>|  |  |
| American Tower Corp. | 10000 | 2083900 |
| ***SPECIALTY RETAIL - 1.0%*** |  |  |
| Williams-Sonoma, Inc. | 11000 | 2057550 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***TECHNOLOGY HARDWARE,*** <br> ***STORAGE & PERIPHERALS -*** <br> ***5.4%***<br>|  |  |
| Apple, Inc. | 55000 | $11416350 |
| ***TEXTILES, APPAREL & LUXURY*** <br> ***GOODS - 2.8%***<br>|  |  |
| Crocs, Inc.<sup>(a)</sup> <br>| 12000 | 1196760 |
| Ralph Lauren Corp. | 8000 | 2390000 |
| Tapestry, Inc. | 22000 | 2376660 |
|  |  | 5963420 |
| **TOTAL COMMON STOCKS** <br>**(COST $170,926,106)**<br>|  | 210226495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 0.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 0.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio <br> (Premier Class), 4.15%<sup>(b)</sup> <br>| 254925 | 254925 |
| **TOTAL MONEY MARKET FUND** <br>**(COST $254,925)**<br>|  | 254925 |
| **TOTAL INVESTMENTS** <br>**(COST $171,181,031) - 100.0%**<br>|  | 210481420 |
| **OTHER ASSETS IN EXCESS OF** <br> **LIABILITIES - 0.0%**<br>|  | 45948 |
| **NET ASSETS - 100.0%** |  | $210527368 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

 <br> <sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> 7-day current yield as of July 31, 2025.

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD LARGE CAP VALUE FUND**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS - 99.5%** |  |  |
| ***AIR FREIGHT & LOGISTICS - 0.2%*** |  |  |
| C.H. Robinson Worldwide, Inc. | 1900 | $219108 |
| ***AUTOMOBILE COMPONENTS - 2.2%*** |  |  |
| Aptiv PLC<sup>(a)</sup> <br>| 14200 | 974688 |
| BorgWarner, Inc. | 27800 | 1023040 |
|  |  | 1997728 |
| ***AUTOMOBILES - 0.9%*** |  |  |
| Harley-Davidson, Inc. | 34200 | 832086 |
| ***BANKS - 11.2%*** |  |  |
| Bank of America Corp. | 40400 | 1909708 |
| Citigroup, Inc. | 15700 | 1471090 |
| JPMorgan Chase & Co. | 6800 | 2014432 |
| &nbsp;&nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. <br> (The)<br>| 6000 | 1141620 |
| Popular, Inc. | 8700 | 996846 |
| U.S. Bancorp | 24500 | 1101520 |
| Wells Fargo & Co. | 22300 | 1798049 |
|  |  | 10433265 |
| ***BIOTECHNOLOGY - 3.4%*** |  |  |
| Amgen, Inc. | 3700 | 1091870 |
| Gilead Sciences, Inc. | 11500 | 1291335 |
| Incyte Corp.<sup>(a)</sup> <br>| 10300 | 771367 |
|  |  | 3154572 |
| ***BROADLINE RETAIL - 2.0%*** |  |  |
| Amazon.com, Inc.<sup>(a)</sup> <br>| 4700 | 1100317 |
| eBay, Inc. | 2600 | 238550 |
| Macy's, Inc. | 40400 | 510252 |
|  |  | 1849119 |
| ***CAPITAL MARKETS - 7.7%*** |  |  |
| Bank of New York Mellon Corp. (The) | 11000 | 1115950 |
| Charles Schwab Corp. (The) | 2400 | 234552 |
| CME Group, Inc. | 4100 | 1140948 |
| Goldman Sachs Group, Inc. (The) | 2300 | 1664257 |
| Janus Henderson Group PLC | 16200 | 701460 |
| S&P Global, Inc. | 2700 | 1487970 |
| XP, Inc. | 48400 | 781176 |
|  |  | 7126313 |
| ***COMMERCIAL SERVICES &*** <br> ***SUPPLIES - 0.5%***<br>|  |  |
| Republic Services, Inc. | 1900 | 438235 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***COMMUNICATIONS EQUIPMENT -*** <br> ***3.1%***<br>|  |  |
| Cisco Systems, Inc. | 27000 | $1838160 |
| F5, Inc.<sup>(a)</sup> <br>| 3300 | 1034286 |
|  |  | 2872446 |
| ***CONSUMER FINANCE - 4.1%*** |  |  |
| American Express Co. | 4100 | 1227171 |
| Capital One Financial Corp. | 6400 | 1376000 |
| SLM Corp. | 3400 | 108120 |
| Synchrony Financial | 15100 | 1052017 |
|  |  | 3763308 |
| ***CONSUMER STAPLES*** <br> ***DISTRIBUTION & RETAIL - 0.8%***<br>|  |  |
| Walgreens Boots Alliance, Inc. | 31800 | 370152 |
| Walmart, Inc. | 3600 | 352728 |
|  |  | 722880 |
| ***CONTAINERS & PACKAGING - 0.1%*** |  |  |
| Crown Holdings, Inc. | 1100 | 109296 |
| ***DIVERSIFIED CONSUMER*** <br> ***SERVICES - 1.7%***<br>|  |  |
| ADT, Inc. | 69200 | 577820 |
| Grand Canyon Education, Inc.<sup>(a)</sup> <br>| 2900 | 489027 |
| H&R Block, Inc. | 10300 | 559702 |
|  |  | 1626549 |
| ***DIVERSIFIED*** <br> ***TELECOMMUNICATION*** <br> ***SERVICES - 4.1%***<br>|  |  |
| AT&T, Inc. | 57300 | 1570593 |
| Iridium Communications, Inc. | 29100 | 711786 |
| Verizon Communications, Inc. | 36500 | 1560740 |
|  |  | 3843119 |
| ***ELECTRIC UTILITIES - 0.4%*** |  |  |
| Exelon Corp. | 8000 | 359520 |
| ***ELECTRICAL EQUIPMENT - 1.0%*** |  |  |
| Sensata Technologies Holding PLC | 29100 | 895116 |
| ***ELECTRONIC EQUIPMENT,*** <br> ***INSTRUMENTS*** <br> ***& COMPONENTS - 3.2%***<br>|  |  |
| Arrow Electronics, Inc.<sup>(a)</sup> <br>| 200 | 23200 |
| Avnet, Inc. | 17800 | 942332 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD LARGE CAP VALUE FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Flex Ltd.<sup>(a)</sup> <br>| 20300 | $1012361 |
| Jabil, Inc. | 4300 | 959631 |
|  |  | 2937524 |
| ***ENTERTAINMENT - 1.9%*** |  |  |
| Electronic Arts, Inc. | 6600 | 1006434 |
| Walt Disney Co. (The) | 6300 | 750393 |
|  |  | 1756827 |
| ***FINANCIAL SERVICES - 3.6%*** |  |  |
| Berkshire Hathaway, Inc., Class B<sup>(a)</sup> <br>| 4200 | 1981896 |
| PayPal Holdings, Inc.<sup>(a)</sup> <br>| 15200 | 1045152 |
| Western Union Co. (The) | 39200 | 315560 |
|  |  | 3342608 |
| ***FOOD PRODUCTS - 0.7%*** |  |  |
| General Mills, Inc. | 13500 | 661230 |
| ***GROUND TRANSPORTATION - 1.4%*** |  |  |
| Union Pacific Corp. | 6000 | 1331820 |
| ***HEALTH CARE EQUIPMENT &*** <br> ***SUPPLIES - 1.1%***<br>|  |  |
| Medtronic PLC | 11300 | 1019712 |
| ***HEALTH CARE PROVIDERS &*** <br> ***SERVICES - 7.4%***<br>|  |  |
| Cardinal Health, Inc. | 6000 | 931320 |
| Cigna Group (The) | 3900 | 1042782 |
| CVS Health Corp. | 18700 | 1161270 |
| Elevance Health, Inc. | 3900 | 1104012 |
| Humana, Inc. | 3800 | 949506 |
| McKesson Corp. | 1300 | 901602 |
| Premier, Inc., Class A | 36900 | 792612 |
|  |  | 6883104 |
| ***HOTELS, RESTAURANTS &*** <br> ***LEISURE - 1.2%***<br>|  |  |
| Booking Holdings, Inc. | 200 | 1100812 |
| ***HOUSEHOLD PRODUCTS - 1.4%*** |  |  |
| Colgate-Palmolive Co. | 11300 | 947505 |
| Procter & Gamble Co. (The) | 2100 | 315987 |
|  |  | 1263492 |
| ***INDUSTRIAL CONGLOMERATES -*** <br> ***1.5%***<br>|  |  |
| Honeywell International, Inc. | 6300 | 1400805 |
| ***INSURANCE - 6.1%*** |  |  |
| Aflac, Inc. | 8300 | 824688 |
| Hartford Insurance Group, Inc. (The) | 7700 | 957803 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Marsh & McLennan Cos., Inc. | 4800 | $956160 |
| MetLife, Inc. | 13200 | 1002540 |
| Primerica, Inc. | 2700 | 717201 |
| Progressive Corp. (The) | 3800 | 919752 |
| Unum Group | 3800 | 272878 |
|  |  | 5651022 |
| ***INTERACTIVE MEDIA & SERVICES*** <br> ***- 1.7%***<br>|  |  |
| Alphabet, Inc., Class A | 7700 | 1477630 |
| Meta Platforms, Inc., Class A | 100 | 77344 |
|  |  | 1554974 |
| ***IT SERVICES - 1.8%*** |  |  |
| International Business Machines Corp. | 6700 | 1696105 |
| ***LEISURE PRODUCTS - 0.9%*** |  |  |
| YETI Holdings, Inc.<sup>(a)</sup> <br>| 24000 | 881760 |
| ***MEDIA - 1.5%*** |  |  |
| Comcast Corp., Class A | 41000 | 1362430 |
| ***OIL, GAS & CONSUMABLE FUELS -*** <br> ***2.5%***<br>|  |  |
| Antero Midstream Corp. | 10300 | 189005 |
| Chevron Corp. | 300 | 45492 |
| ConocoPhillips | 14400 | 1372896 |
| Exxon Mobil Corp. | 6600 | 736824 |
|  |  | 2344217 |
| ***PROFESSIONAL SERVICES - 2.4%*** |  |  |
| Automatic Data Processing, Inc. | 3200 | 990400 |
| Genpact Ltd. | 22200 | 977910 |
| Robert Half, Inc. | 6400 | 236224 |
|  |  | 2204534 |
| ***REAL ESTATE MANAGEMENT &*** <br> ***DEVELOPMENT - 2.2%***<br>|  |  |
| CBRE Group, Inc., Class A<sup>(a)</sup> <br>| 6800 | 1059032 |
| Jones Lang LaSalle, Inc.<sup>(a)</sup> <br>| 3500 | 946260 |
|  |  | 2005292 |
| ***SEMICONDUCTORS &*** <br> ***SEMICONDUCTOR EQUIPMENT -*** <br> ***2.2%***<br>|  |  |
| Applied Materials, Inc. | 400 | 72024 |
| Cirrus Logic, Inc.<sup>(a)</sup> <br>| 7000 | 704970 |
| QUALCOMM, Inc. | 8800 | 1291488 |
|  |  | 2068482 |
| ***SOFTWARE - 4.6%*** |  |  |
| Dropbox, Inc., Class A<sup>(a)</sup> <br>| 31100 | 844987 |
| Fortinet, Inc.<sup>(a)</sup> <br>| 8600 | 859140 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD LARGE CAP VALUE FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Gen Digital, Inc. | 33100 | $976119 |
| Salesforce, Inc. | 6300 | 1627479 |
|  |  | 4307725 |
| ***SPECIALIZED REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 0.8%***<br>|  |  |
| American Tower Corp. | 700 | 145873 |
| Iron Mountain, Inc. | 6000 | 584160 |
|  |  | 730033 |
| ***SPECIALTY RETAIL - 2.8%*** |  |  |
| Best Buy Co., Inc. | 12700 | 826262 |
| Gap, Inc. (The) | 39700 | 772562 |
| Williams-Sonoma, Inc. | 5200 | 972660 |
|  |  | 2571484 |
| ***TEXTILES, APPAREL & LUXURY*** <br> ***GOODS - 2.2%***<br>|  |  |
| Crocs, Inc.<sup>(a)</sup> <br>| 8700 | 867651 |
| PVH Corp. | 10300 | 756226 |
| Ralph Lauren Corp. | 1300 | 388375 |
|  |  | 2012252 |
| ***WIRELESS TELECOMMUNICATION*** <br> ***SERVICES - 1.0%***<br>|  |  |
| Millicom International Cellular SA | 24100 | 967615 |
| **TOTAL COMMON STOCKS** <br>**(COST $82,836,477)**<br>|  | 92298519 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 0.2%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 0.2%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio <br> (Premier Class), 4.15%<sup>(b)</sup> <br>| 145670 | $145670 |
| **TOTAL MONEY MARKET FUND** <br>**(COST $145,670)**<br>|  | 145670 |
| **TOTAL INVESTMENTS** <br>**(COST $82,982,147) - 99.7%**<br>|  | 92444189 |
| **OTHER ASSETS IN EXCESS OF** <br> **LIABILITIES - 0.3%**<br>|  | 294239 |
| **NET ASSETS - 100.0%** |  | $92738428 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

 <br> <sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> 7-day current yield as of July 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

PLC — Public Limited Company <br> SA — Societe Anonyme

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD SELECT BOND FUND**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Principal** <br>**Amount**<br>| **Value** |
| **CORPORATE BONDS - 61.4%** | **CORPORATE BONDS - 61.4%** | **CORPORATE BONDS - 61.4%** |
| ***AEROSPACE & DEFENSE - 3.4%*** | ***AEROSPACE & DEFENSE - 3.4%*** | ***AEROSPACE & DEFENSE - 3.4%*** |
| General Dynamics Corp., 3.75%, 5/15/28 | $2000000 | $1982349 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3Harris Technologies, Inc., 5.40%, <br> 7/31/33<br>| 3000000 | 3079048 |
| &nbsp;&nbsp;&nbsp;&nbsp; Raytheon Technologies Corp., 3.75%, <br> 11/1/46, (Callable 5/1/46 @ 100)<br>| 2000000 | 1520519 |
|  |  | 6581916 |
| ***AIR FREIGHT & LOGISTICS - 1.9%*** | ***AIR FREIGHT & LOGISTICS - 1.9%*** | ***AIR FREIGHT & LOGISTICS - 1.9%*** |
| FedEx Corp., 5.10%, 1/15/44 | 1000000 | 878718 |
| Union Pacific Corp., 4.50%, 1/20/33 | 2000000 | 1976939 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Parcel Service, Inc., 3.75%, <br> 11/15/47<br>| 1000000 | 752983 |
|  |  | 3608640 |
| ***BANKS - 2.3%*** | ***BANKS - 2.3%*** | ***BANKS - 2.3%*** |
| Bank of America Corp., 4.45%, 3/3/26 | 2000000 | 1997935 |
| Bank of America Corp., 5.00%, 1/21/44 | 2000000 | 1882200 |
| JPMorgan Chase & Co, 4.25%, 10/1/27 | 500000 | 500275 |
|  |  | 4380410 |
| ***BEVERAGES - 0.5%*** | ***BEVERAGES - 0.5%*** | ***BEVERAGES - 0.5%*** |
| PepsiCo, Inc., 3.90%, 7/18/32 | 1000000 | 962849 |
| ***BIOTECHNOLOGY - 2.6%*** | ***BIOTECHNOLOGY - 2.6%*** | ***BIOTECHNOLOGY - 2.6%*** |
| &nbsp;&nbsp;&nbsp;&nbsp; Amgen, Inc., 4.20%, 3/1/33, (Callable <br> 12/1/32 @ 100)<br>| 2000000 | 1916040 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gilead Sciences, Inc., 4.60%, 9/1/35, <br> (Callable 3/1/35 @ 100)<br>| 1000000 | 967113 |
| Gilead Sciences, Inc., 5.25%, 10/15/33 | 2000000 | 2060894 |
|  |  | 4944047 |
| ***CAPITAL MARKETS - 1.3%*** | ***CAPITAL MARKETS - 1.3%*** | ***CAPITAL MARKETS - 1.3%*** |
| &nbsp;&nbsp;&nbsp;&nbsp; Charles Schwab Corp. (The), 5.00% <br> (H15T5Y + 326 bps), 6/1/27<sup>(a)</sup> <br>| 1000000 | 992922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (The), <br> 5.95%, 1/15/27<br>| 1500000 | 1536795 |
|  |  | 2529717 |
| ***CHEMICALS - 0.4%*** | ***CHEMICALS - 0.4%*** | ***CHEMICALS - 0.4%*** |
| &nbsp;&nbsp;&nbsp;&nbsp; Sherwin-Williams Co. (The), 3.80%, <br> 8/15/49<br>| 1000000 | 735953 |
| ***CONSUMER FINANCE - 1.6%*** | ***CONSUMER FINANCE - 1.6%*** | ***CONSUMER FINANCE - 1.6%*** |
| American Express Co., 4.05%, 5/3/29 | 3000000 | 2985296 |
| ***CONSUMER STAPLES DISTRIBUTION & RETAIL - 4.1%*** | ***CONSUMER STAPLES DISTRIBUTION & RETAIL - 4.1%*** | ***CONSUMER STAPLES DISTRIBUTION & RETAIL - 4.1%*** |
| Kroger Co. (The), 4.50%, 1/15/29 | 1000000 | 1005918 |
| Sysco Corp., 3.25%, 7/15/27 | 1000000 | 978643 |
| &nbsp;&nbsp;&nbsp;&nbsp; Target Corp., 4.50%, 9/15/34, (Callable <br> 6/15/34 @ 100)<br>| 2000000 | 1937951 |
| &nbsp;&nbsp;&nbsp;&nbsp; Walgreens Boots Alliance, Inc., 4.50%, <br> 11/18/34, (Callable 5/18/34 @ 100)<br>| 2000000 | 1978988 |
| Walmart, Inc., 4.10%, 4/15/33 | 2000000 | 1943959 |
|  |  | 7845459 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount**<br>| **Value** |
| ***DIVERSIFIED TELECOMMUNICATION SERVICES - 1.0%*** | ***DIVERSIFIED TELECOMMUNICATION SERVICES - 1.0%*** | ***DIVERSIFIED TELECOMMUNICATION SERVICES - 1.0%*** |
| &nbsp;&nbsp;&nbsp;&nbsp; Verizon Communications, Inc., 4.50%, <br> 8/10/33<br>| $2000000 | $1934310 |
| ***ELECTRIC UTILITIES - 2.1%*** | ***ELECTRIC UTILITIES - 2.1%*** | ***ELECTRIC UTILITIES - 2.1%*** |
| Duke Energy Corp., 4.50%, 8/15/32 | 2000000 | 1957846 |
| Exelon Corp., 5.30%, 3/15/33 | 2000000 | 2051627 |
|  |  | 4009473 |
| ***ENTERTAINMENT - 1.5%*** | ***ENTERTAINMENT - 1.5%*** | ***ENTERTAINMENT - 1.5%*** |
| Walt Disney Co. (The), 3.80%, 3/22/30 | 3000000 | 2935804 |
| ***FINANCIAL SERVICES - 2.1%*** | ***FINANCIAL SERVICES - 2.1%*** | ***FINANCIAL SERVICES - 2.1%*** |
| Citigroup, Inc., 6.63%, 6/15/32 | 1000000 | 1088561 |
| &nbsp;&nbsp;&nbsp;&nbsp; PayPal Holdings, Inc., 4.40%, 6/1/32, <br> (Callable 3/1/32 @ 100)<br>| 3000000 | 2955107 |
|  |  | 4043668 |
| ***FOOD PRODUCTS - 2.6%*** | ***FOOD PRODUCTS - 2.6%*** | ***FOOD PRODUCTS - 2.6%*** |
| General Mills, Inc., 4.20%, 4/17/28 | 2000000 | 1991009 |
| General Mills, Inc., 4.95%, 3/29/33 | 2000000 | 1994700 |
| The Campbell's Co., 4.15%, 3/15/28 | 1000000 | 993223 |
|  |  | 4978932 |
| ***HEALTH CARE PROVIDERS & SERVICES - 3.1%*** | ***HEALTH CARE PROVIDERS & SERVICES - 3.1%*** | ***HEALTH CARE PROVIDERS & SERVICES - 3.1%*** |
| Cigna Group (The), 5.40%, 3/15/33 | 2000000 | 2055818 |
| CVS Health Corp., 5.13%, 2/21/30 | 1000000 | 1016105 |
| &nbsp;&nbsp;&nbsp;&nbsp; Elevance Health, Inc., 4.75%, 2/15/33, <br> (Callable 11/15/32 @ 100)<br>| 2000000 | 1970783 |
| &nbsp;&nbsp;&nbsp;&nbsp; Evernorth Health, Inc., 4.50%, 2/25/26, <br> (Callable 11/27/25 @ 100)<br>| 1000000 | 997496 |
|  |  | 6040202 |
| ***HOTELS, RESTAURANTS & LEISURE - 2.2%*** | ***HOTELS, RESTAURANTS & LEISURE - 2.2%*** | ***HOTELS, RESTAURANTS & LEISURE - 2.2%*** |
| &nbsp;&nbsp;&nbsp;&nbsp; McDonald's Corp., 3.60%, 7/1/30, <br> (Callable 4/1/30 @ 100)<br>| 1000000 | 965088 |
| &nbsp;&nbsp;&nbsp;&nbsp; McDonald's Corp., 3.63%, 9/1/49, <br> (Callable 3/1/49 @ 100)<br>| 2500000 | 1812628 |
| Starbucks Corp., 3.75%, 12/1/47 | 2000000 | 1459742 |
|  |  | 4237458 |
| ***HOUSEHOLD PRODUCTS - 3.1%*** | ***HOUSEHOLD PRODUCTS - 3.1%*** | ***HOUSEHOLD PRODUCTS - 3.1%*** |
| &nbsp;&nbsp;&nbsp;&nbsp; Clorox Co. (The), 4.60%, 5/1/32, <br> (Callable 2/1/32 @ 100)<br>| 1000000 | 997532 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kimberly-Clark Corp., 4.50%, 2/16/33, <br> (Callable 11/16/32 @ 100)<br>| 2000000 | 2000428 |
| &nbsp;&nbsp;&nbsp;&nbsp; Procter & Gamble Co. (The), 3.00%, <br> 3/25/30<br>| 1000000 | 948749 |
| &nbsp;&nbsp;&nbsp;&nbsp; Procter & Gamble Co. (The), 4.05%, <br> 1/26/33<br>| 2000000 | 1964463 |
|  |  | 5911172 |
| ***INSURANCE - 2.3%*** | ***INSURANCE - 2.3%*** | ***INSURANCE - 2.3%*** |
| Aflac, Inc., 3.60%, 4/1/30 | 1000000 | 967875 |
| &nbsp;&nbsp;&nbsp;&nbsp; MetLife, Inc., 6.40%, 12/15/36, (Callable <br> 12/15/31 @ 100)<br>| 2000000 | 2082140 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prudential Financial, Inc., 5.13% <br> (H15T5Y + 316 bps), 3/1/52<sup>(a)</sup> <br>| 1500000 | 1453093 |
|  |  | 4503108 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD SELECT BOND FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount**<br>| **Value** |
| ***IT SERVICES - 2.3%*** | ***IT SERVICES - 2.3%*** | ***IT SERVICES - 2.3%*** |
| Fiserv, Inc., 4.20%, 10/1/28 | $1000000 | $989987 |
| &nbsp;&nbsp;&nbsp;&nbsp; Visa, Inc., 4.15%, 12/14/35, (Callable <br> 6/14/35 @ 100)<br>| 1000000 | 945744 |
| &nbsp;&nbsp;&nbsp;&nbsp; Visa, Inc., 4.30%, 12/14/45, (Callable <br> 6/14/45 @ 100)<br>| 3000000 | 2580072 |
|  |  | 4515803 |
| ***MACHINERY - 2.1%*** | ***MACHINERY - 2.1%*** | ***MACHINERY - 2.1%*** |
| Cummins, Inc., 5.15%, 2/20/34 | 2000000 | 2033482 |
| &nbsp;&nbsp;&nbsp;&nbsp; John Deere Capital Corp., 4.50%, <br> 1/16/29<br>| 2000000 | 2012708 |
|  |  | 4046190 |
| ***OIL, GAS & CONSUMABLE FUELS - 3.5%*** | ***OIL, GAS & CONSUMABLE FUELS - 3.5%*** | ***OIL, GAS & CONSUMABLE FUELS - 3.5%*** |
| &nbsp;&nbsp;&nbsp;&nbsp; Exxon Mobil Corp., 4.11%, 3/1/46, <br> (Callable 9/1/45 @ 100)<br>| 2000000 | 1630445 |
| Marathon Oil Corp., 6.60%, 10/1/37 | 2000000 | 2092841 |
| Valero Energy Corp., 4.00%, 4/1/29 | 3000000 | 2942943 |
|  |  | 6666229 |
| ***SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.4%*** | ***SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.4%*** | ***SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.4%*** |
| Intel Corp., 4.00%, 12/15/32 | 2000000 | 1855001 |
| Lam Research Corp., 4.00%, 3/15/29 | 1000000 | 990617 |
| NVIDIA Corp., 3.50%, 4/1/40 | 2000000 | 1680078 |
| &nbsp;&nbsp;&nbsp;&nbsp; QUALCOMM, Inc., 4.65%, 5/20/35, <br> (Callable 11/20/34 @ 100)<br>| 4000000 | 3949577 |
|  |  | 8475273 |
| ***SOFTWARE - 3.0%*** | ***SOFTWARE - 3.0%*** | ***SOFTWARE - 3.0%*** |
| Adobe, Inc., 4.95%, 4/4/34 | 2000000 | 2030115 |
| &nbsp;&nbsp;&nbsp;&nbsp; Microsoft Corp., 3.45%, 8/8/36, (Callable <br> 2/8/36 @ 100)<br>| 2000000 | 1785622 |
| Oracle Corp., 3.25%, 11/15/27 | 1000000 | 972960 |
| Salesforce, Inc., 3.70%, 4/11/28 | 1000000 | 990453 |
|  |  | 5779150 |
| ***SPECIALTY RETAIL - 3.7%*** | ***SPECIALTY RETAIL - 3.7%*** | ***SPECIALTY RETAIL - 3.7%*** |
| Home Depot, Inc. (The), 4.50%, 9/15/32 | 2000000 | 1997641 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Depot, Inc. (The), 5.88%, <br> 12/16/36<br>| 2000000 | 2135892 |
| Lowe's Cos., Inc., 3.65%, 4/5/29 | 2000000 | 1947879 |
| Tractor Supply Co., 5.25%, 5/15/33 | 1000000 | 1015377 |
|  |  | 7096789 |
| ***TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS - 0.9%*** | ***TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS - 0.9%*** | ***TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS - 0.9%*** |
| Apple, Inc., 1.65%, 5/11/30 | 1000000 | 889035 |
| Apple, Inc., 3.45%, 2/9/45 | 1000000 | 767115 |
|  |  | 1656150 |
| ***TEXTILES, APPAREL & LUXURY GOODS - 2.5%*** | ***TEXTILES, APPAREL & LUXURY GOODS - 2.5%*** | ***TEXTILES, APPAREL & LUXURY GOODS - 2.5%*** |
| NIKE, Inc., 2.85%, 3/27/30 | 3000000 | 2817090 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ralph Lauren Corp., 2.95%, 6/15/30, <br> (Callable 3/15/30 @ 100)<br>| 1000000 | 932531 |
| Tapestry, Inc., 5.10%, 3/11/30 | 1000000 | 1013781 |
|  |  | 4763402 |
| ***TRADING COMPANIES & DISTRIBUTORS - 0.9%*** | ***TRADING COMPANIES & DISTRIBUTORS - 0.9%*** | ***TRADING COMPANIES & DISTRIBUTORS - 0.9%*** |
| &nbsp;&nbsp;&nbsp;&nbsp; WW Grainger, Inc., 4.60%, 6/15/45, <br> (Callable 12/15/44 @ 100)<br>| 2000000 | 1762525 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount**<br>| **Value** |
| **TOTAL CORPORATE BONDS** <br>**(COST $123,406,070)**<br>|  | 117929925 |
| **MUNICIPAL BONDS - 2.6%** | **MUNICIPAL BONDS - 2.6%** | **MUNICIPAL BONDS - 2.6%** |
| ***CALIFORNIA - 0.2%*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; California State University Taxable <br> Revenue Refunding Bonds, Series B, <br> 1.79%, 11/1/30 <br>| $500000 | $439382 |
| ***LOUISIANA - 0.1%*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Louisiana State Highway Improvement <br> Taxable Revenue Refunding Bonds, <br> Series A, 1.59%, 6/15/30 <br>| 100000 | 88048 |
| ***TENNESSEE - 0.5%*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Government Nashville & <br> Davidson County Water & Sewer <br> Taxable Revenue Refunding Bonds, <br> Series B, Green Bond, 2.13%, 7/1/32 <br>| 1215000 | 1044188 |
| ***TEXAS - 1.8%*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Frisco Taxable Certificates G.O. Limited <br> Bonds, Series B, 1.75%, 2/15/30 <br>| 995000 | 896291 |
| &nbsp;&nbsp;&nbsp;&nbsp; Houston Utility System First Lien <br> Taxable Revenue Refunding Bonds, <br> Series B, 1.93%, 11/15/31 <br>| 1240000 | 1071039 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leander Independent School District <br> Taxable G.O. Unlimited Refunding <br> Bonds, Series B (PSF, Gtd.), 1.99%, <br> 8/15/33 <br>| 895000 | 741392 |
| &nbsp;&nbsp;&nbsp;&nbsp; North Texas Tollway Authority Taxable <br> Revenue Refunding Bonds, Series <br> 2021A, 2.08%, 1/1/31 <br>| 100000 | 88915 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northwest Independent School District <br> Taxable G.O. Unlimited Refunding <br> Bonds, Series A (PSF, Gtd.), 1.97%, <br> 2/15/34 (Callable 2/15/30 @ 100)<br>| 600000 | 488867 |
| &nbsp;&nbsp;&nbsp;&nbsp; Uptown Development Authority Contract <br> Tax Allocation Increment Revenue <br> Bonds, Series B (AGM Insured), <br> 2.58%, 9/1/31 <br>| 100000 | 88800 |
|  |  | 3375304 |
| **TOTAL MUNICIPAL BONDS** <br>**(COST $5,788,580)**<br>|  | 4946922 |
| **U.S. GOVERNMENT AGENCIES - 7.4%** | **U.S. GOVERNMENT AGENCIES - 7.4%** | **U.S. GOVERNMENT AGENCIES - 7.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Farm Credit Bank, 3.00%, <br> 11/25/30<br>| 1000000 | 943863 |
| Federal Home Loan Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 3/16/27 | 2000000 | 1904063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.07%, 1/25/30 | 1000000 | 876400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 9/30/26<sup>(b)</sup> <br>| 2000000 | 1945855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 7/29/26 | 1000000 | 976954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 8/25/28 | 1350000 | 1263070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 4/29/31, (Callable 10/29/25 @ <br> 100)<sup>(b)</sup> <br>| 730769 | 685456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 2/22/34 | 1000000 | 868073 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD SELECT BOND FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 2/24/37, (Callable 8/8/25 @ <br> 100)<br>| $1000000 | $832106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 5/26/27 | 1000000 | 991258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/12/25 | 1015000 | 1015664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 3/10/34 | 1000000 | 1011175 |
|  |  | 12370074 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp., <br> 1.05%, 7/21/28<br>| 1000000 | 917427 |
| **TOTAL U.S. GOVERNMENT** <br> **AGENCIES** <br>**(COST $15,120,312)**<br>|  | 14231364 |
| **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED** <br> **OBLIGATIONS - 1.4%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED** <br> **OBLIGATIONS - 1.4%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED** <br> **OBLIGATIONS - 1.4%** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 7/15/41 | 237662 | 235008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 2/1/34 | 107821 | 105506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/1/49 | 182890 | 165285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 12/15/48 | 292958 | 283169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/15/25 | 36379 | 36302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 3/1/38 | 10639 | 11138 |
|  |  | 836408 |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 11/25/44 | 1234537 | 1069111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 2/1/43 | 110726 | 102583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 4/1/48 | 300087 | 275082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 9/1/33 | 70144 | 69535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/1/46 | 223471 | 210078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 6/1/36 | 69363 | 69706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.57% (RFUCCT1Y + 182 bps), <br> 5/1/36<sup>(a)</sup> <br>| 27516 | 28192 |
|  |  | 1824287 |
| &nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage <br> Association<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 6/15/40 | 50033 | 48327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 8/20/38 | 17887 | 17684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 5/20/40 | 28953 | 28448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 10/15/37 | 11965 | 12547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 6/15/37 | 13736 | 14198 |
|  |  | 121204 |
| **TOTAL U.S. GOVERNMENT** <br> **AGENCY MORTGAGE-BACKED** <br> **OBLIGATIONS** <br>**(COST $3,125,364)**<br>|  | 2781899 |
| **U.S. TREASURY OBLIGATIONS - 24.3%** | **U.S. TREASURY OBLIGATIONS - 24.3%** | **U.S. TREASURY OBLIGATIONS - 24.3%** |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 5/15/40 | 2000000 | 1234766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/42 | 4000000 | 3610312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 5/15/39 | 2000000 | 1927266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 2/15/38 | 1000000 | 988086 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 8/15/39 | $2000000 | $1972734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 2/15/44 | 2000000 | 1910469 |
|  |  | 11643633 |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 1/15/35 | 1018630 | 1031524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 2/15/33 | 4000000 | 3823438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/31/29 | 2000000 | 2005547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 7/31/30 | 3000000 | 3004453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 2/15/34 | 1000000 | 980664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 4/30/32 | 1000000 | 992695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 10/31/27 | 1000000 | 1004258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/15/32 | 2000000 | 1995547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 8/31/30 | 2000000 | 2014297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 3/31/31 | 1000000 | 1004883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 7/31/31 | 2000000 | 2006953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 2/29/32 | 2000000 | 2001484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 2/28/31 | 2000000 | 2023359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/15/34 | 2000000 | 1987500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/30/28 | 1000000 | 1014609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 5/15/34 | 3000000 | 3018164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/25 | 2000000 | 2000438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 7/15/26 | 1000000 | 1002867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 8/31/25 | 2000000 | 2000739 |
|  |  | 34913419 |
| **TOTAL U.S. TREASURY** <br> **OBLIGATIONS** <br>**(COST $47,459,123)**<br>|  | 46557052 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD SELECT BOND FUND**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 1.8%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 1.8%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 1.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio <br> (Premier Class), 4.15%<sup>(c)</sup> <br>| 3502555 | $3502555 |
| **TOTAL MONEY MARKET FUND** <br>**(COST $3,502,555)**<br>|  | 3502555 |
| **TOTAL INVESTMENTS** <br>**(COST $198,402,004) - 98.9%**<br>|  | 189949717 |
| **OTHER ASSETS IN EXCESS OF** <br> **LIABILITIES - 1.1%**<br>|  | 2032016 |
| **NET ASSETS - 100.0%** |  | $191981733 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Variable rate security. Rate in effect at July 31, 2025. For securities based on published reference rate and spread, the reference rate and spread are indicated. 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, as a result no reference rate or spread is included. 

<sup>(b)</sup> 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 July 31, 2025. 

<sup>(c)</sup> 7-day current yield as of July 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| AGM — Assured Guarantee Municipal Corporation |
| bps — Basis Points |
| G.O. — General Obligation |
| Gtd. — Guaranteed |
| H15T5Y — 5 Year Treasury Constant Maturity Rate |
| PSF — Permanent School Fund |
| RFUCCT1Y — 1 Year Refinitiv US Dollar IBOR Consumer Cash Fallback |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED INTERNATIONAL FUND**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Country Diversification** | **Percent\*** |
| United Kingdom | 29.8<br> %<br>|
| Japan | 13.9 |
| Netherlands | 9.2 |
| Germany | 7.3 |
| China | 6.6 |
| Taiwan | 4.5 |
| Spain | 4.4 |
| India | 4.3 |
| France | 3.1 |
| Switzerland | 3.0 |
| Australia | 2.4 |
| Brazil | 2.2 |
| Mexico | 1.4 |
| Italy | 0.9 |
| Singapore | 0.9 |
| Republic of Korea (South) | 0.7 |
| United States | 0.7 |
| Belgium | 0.6 |
| Israel | 0.6 |
| Norway | 0.6 |
| Ireland (Republic of) | 0.5 |
| Finland | 0.5 |
| Sweden | 0.4 |
| Jersey | 0.4 |
| Indonesia | 0.4 |
| Denmark | 0.3 |
| Luxembourg | 0.3 |
| Hong Kong | 0.1 |
| South Africa | &nbsp;&nbsp; 0.0\*\* |
| Chile | &nbsp;&nbsp; 0.0\*\* |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments | 100.0<br> %<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Percentages are based on net assets as of July 31, 2025.

\*\* Amount rounds to less than 0.1%.

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED INTERNATIONAL FUND**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS - 98.1%** |  |  |
| ***AIR FREIGHT & LOGISTICS - 0.1%*** |  |  |
| ZTO Express Cayman, Inc., ADR | 16627 | $327386 |
| ***AUTOMOBILES - 1.8%*** |  |  |
| Honda Motor Co. Ltd., Sponsored ADR | 111053 | 3469296 |
| Li Auto, Inc., ADR<sup>(a)</sup> <br>| 21898 | 571538 |
| NIO, Inc., ADR<sup>(a)</sup> <br>| 26351 | 128329 |
| XPeng, Inc., ADR<sup>(a)</sup> <br>| 9078 | 165310 |
|  |  | 4334473 |
| ***BANKS - 20.1%*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA, <br> Sponsored ADR<br>| 264790 | 4429937 |
| Banco de Chile, ADR | 1104 | 30161 |
| Banco Santander SA, Sponsored ADR | 609017 | 5243636 |
| Barclays PLC, Sponsored ADR | 113631 | 2229440 |
| HDFC Bank Ltd., ADR | 52972 | 4066661 |
| HSBC Holdings PLC, Sponsored ADR | 150970 | 9254461 |
| ICICI Bank Ltd., Sponsored ADR | 86970 | 2930889 |
| ING Groep N.V., Sponsored ADR | 140739 | 3287663 |
| KB Financial Group, Inc., ADR | 11106 | 879040 |
| Lloyds Banking Group PLC, ADR | 425905 | 1797319 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc., <br> Sponsored ADR<br>| 460069 | 6394959 |
| Mizuho Financial Group, Inc., ADR | 315100 | 1859090 |
| NatWest Group PLC, Sponsored ADR | 157683 | 2204408 |
| Shinhan Financial Group Co. Ltd., ADR | 10365 | 504776 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc., <br> Sponsored ADR<br>| 265464 | 4019125 |
| &nbsp;&nbsp;&nbsp;&nbsp; Woori Financial Group, Inc., Sponsored <br> ADR<br>| 875 | 46279 |
|  |  | 49177844 |
| ***BEVERAGES - 0.6%*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fomento Economico Mexicano SAB de <br> CV, Sponsored ADR<br>| 16079 | 1454506 |
| ***BIOTECHNOLOGY - 3.5%*** |  |  |
| Abivax SA, ADR<sup>(a)</sup> <br>| 7858 | 563969 |
| Amarin Corp. PLC, ADR<sup>(a)</sup> <br>| 1169 | 16974 |
| Argenx SE, ADR<sup>(a)</sup> <br>| 5433 | 3641903 |
| Ascendis Pharma A/S, ADR<sup>(a)</sup> <br>| 4737 | 821869 |
| BeOne Medicines Ltd., ADR<sup>(a)</sup> <br>| 1897 | 571244 |
| Bicycle Therapeutics PLC, ADR<sup>(a)</sup> <br>| 11209 | 95501 |
| Centessa Pharmaceuticals PLC, ADR<sup>(a)</sup> <br>| 5436 | 93336 |
| Galapagos N.V., Sponsored ADR<sup>(a)</sup> <br>| 46426 | 1523701 |
| Immunocore Holdings PLC, ADR<sup>(a)</sup> <br>| 35726 | 1170741 |
| Silence Therapeutics PLC, ADR<sup>(a)</sup> <br>| 5800 | 35728 |
|  |  | 8534966 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***BROADLINE RETAIL - 4.2%*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd., Sponsored <br> ADR<br>| 55917 | $6745268 |
| JD.com, Inc., ADR | 38046 | 1198068 |
| PDD Holdings, Inc., ADR<sup>(a)</sup> <br>| 20614 | 2338658 |
|  |  | 10281994 |
| ***CAPITAL MARKETS - 3.7%*** |  |  |
| Deutsche Bank AG | 82893 | 2733811 |
| Futu Holdings Ltd., ADR | 2217 | 340709 |
| Nomura Holdings, Inc., Sponsored ADR | 85620 | 569373 |
| UBS Group AG | 142291 | 5311723 |
|  |  | 8955616 |
| ***COMMERCIAL SERVICES &*** <br> ***SUPPLIES - 0.3%***<br>|  |  |
| Rentokil Initial PLC, Sponsored ADR | 32442 | 803588 |
| ***COMMUNICATIONS EQUIPMENT -*** <br> ***0.9%***<br>|  |  |
| Nokia Oyj, Sponsored ADR | 279235 | 1139279 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telefonaktiebolaget LM Ericsson, <br> Sponsored ADR<br>| 143601 | 1036799 |
|  |  | 2176078 |
| ***CONSTRUCTION MATERIALS - 0.3%*** |  |  |
| CEMEX SAB de CV, Sponsored ADR | 75555 | 657328 |
| ***DIVERSIFIED CONSUMER*** <br> ***SERVICES - 0.6%***<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; New Oriental Education & Technology <br> Group, Inc., Sponsored ADR<br>| 3184 | 140446 |
| Pearson PLC, Sponsored ADR | 97434 | 1386486 |
|  |  | 1526932 |
| ***DIVERSIFIED*** <br> ***TELECOMMUNICATION*** <br> ***SERVICES - 1.1%***<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Chunghwa Telecom Co. Ltd., Sponsored <br> ADR<br>| 17653 | 766140 |
| Telefonica SA, Sponsored ADR | 169980 | 873697 |
| Telkom Indonesia Persero Tbk PT, ADR | 54458 | 958461 |
|  |  | 2598298 |
| ***ELECTRIC UTILITIES - 0.2%*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrais Eletricas Brasileiras SA, <br> Sponsored ADR<br>| 81639 | 551880 |
| ***ENTERTAINMENT - 1.6%*** |  |  |
| NetEase, Inc., ADR | 9474 | 1234462 |
| Sea Ltd., ADR<sup>(a)</sup> <br>| 13770 | 2157071 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tencent Music Entertainment Group, <br> ADR<br>| 22595 | 474269 |
|  |  | 3865802 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED INTERNATIONAL FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***FINANCIAL SERVICES - 0.7%*** |  |  |
| ORIX Corp., Sponsored ADR | 78460 | $1769273 |
| ***GROUND TRANSPORTATION - 0.1%*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Full Truck Alliance Co. Ltd., Sponsored <br> ADR<br>| 22572 | 260707 |
| ***HEALTH CARE EQUIPMENT &*** <br> ***SUPPLIES - 1.5%***<br>|  |  |
| Koninklijke Philips N.V., Sponsored NYS | 59082 | 1547948 |
| Smith & Nephew PLC, Sponsored ADR | 71999 | 2200290 |
|  |  | 3748238 |
| ***HEALTH CARE PROVIDERS &*** <br> ***SERVICES - 0.4%***<br>|  |  |
| Fresenius Medical Care AG, ADR | 36535 | 925797 |
| ***HOTELS, RESTAURANTS &*** <br> ***LEISURE - 0.9%***<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; InterContinental Hotels Group PLC, <br> ADR<br>| 14431 | 1676305 |
| Trip.com Group Ltd., ADR | 8602 | 532894 |
|  |  | 2209199 |
| ***HOUSEHOLD DURABLES - 2.9%*** |  |  |
| Sony Group Corp., Sponsored ADR | 286690 | 6972301 |
| ***INSURANCE - 0.9%*** |  |  |
| Aegon Ltd., Sponsored NYS | 83167 | 590486 |
| Prudential PLC, ADR | 60694 | 1548911 |
|  |  | 2139397 |
| ***INTERACTIVE MEDIA & SERVICES*** <br> ***- 0.3%***<br>|  |  |
| Baidu, Inc., Sponsored ADR<sup>(a)</sup> <br>| 8603 | 755946 |
| ***IT SERVICES - 1.4%*** |  |  |
| Endava PLC, Sponsored ADR<sup>(a)</sup> <br>| 2407 | 30810 |
| Infosys Ltd., Sponsored ADR | 179816 | 3006523 |
| Wipro Ltd., ADR | 168148 | 457363 |
|  |  | 3494696 |
| ***MEDIA - 0.6%*** |  |  |
| Criteo SA, Sponsored ADR<sup>(a)</sup> <br>| 18292 | 445227 |
| WPP PLC, Sponsored ADR | 36066 | 976668 |
|  |  | 1421895 |
| ***METALS & MINING - 4.6%*** |  |  |
| ArcelorMittal SA, Sponsored NYS | 21827 | 690388 |
| BHP Group Ltd., Sponsored ADR | 116431 | 5899559 |
| Gold Fields Ltd., Sponsored ADR | 4039 | 98390 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| POSCO Holdings, Inc., Sponsored ADR | 6410 | $350242 |
| Rio Tinto PLC, Sponsored ADR | 54996 | 3287111 |
| Vale SA, Sponsored ADR | 90960 | 866849 |
|  |  | 11192539 |
| ***MULTI-UTILITIES - 1.9%*** |  |  |
| National Grid PLC, Sponsored ADR | 65137 | 4584993 |
| ***OIL, GAS & CONSUMABLE FUELS -*** <br> ***10.2%***<br>|  |  |
| BP PLC, Sponsored ADR | 115998 | 3729336 |
| Eni S.p.A., Sponsored ADR | 67356 | 2292798 |
| Equinor ASA, Sponsored ADR | 52698 | 1356974 |
| Petroleo Brasileiro SA, Sponsored ADR | 25860 | 329456 |
| Shell PLC, ADR | 148564 | 10727806 |
| TotalEnergies SE, Sponsored ADR | 109784 | 6537637 |
|  |  | 24974007 |
| ***PAPER & FOREST PRODUCTS - 0.1%*** |  |  |
| Suzano SA, Sponsored ADR<sup>(a)</sup> <br>| 25371 | 235189 |
| ***PASSENGER AIRLINES - 0.5%*** |  |  |
| Ryanair Holdings PLC, Sponsored ADR | 20412 | 1271055 |
| ***PERSONAL CARE PRODUCTS - 4.5%*** |  |  |
| Unilever PLC, Sponsored ADR | 188720 | 11026910 |
| ***PHARMACEUTICALS - 6.2%*** |  |  |
| Haleon PLC, ADR | 427721 | 4033409 |
| HUTCHMED China Ltd., ADR<sup>(a)</sup> <br>| 50055 | 889978 |
| Takeda Pharmaceutical Co. Ltd., ADR | 651533 | 8939033 |
| Verona Pharma PLC, ADR<sup>(a)</sup> <br>| 11117 | 1168285 |
|  |  | 15030705 |
| ***PROFESSIONAL SERVICES - 3.1%*** |  |  |
| RELX PLC, Sponsored ADR | 147943 | 7676762 |
| ***REAL ESTATE MANAGEMENT &*** <br> ***DEVELOPMENT - 0.1%***<br>|  |  |
| KE Holdings, Inc., ADR | 15738 | 289894 |
| ***SEMICONDUCTORS &*** <br> ***SEMICONDUCTOR EQUIPMENT -*** <br> ***10.0%***<br>|  |  |
| ARM Holdings PLC, ADR<sup>(a)</sup> <br>| 5667 | 801172 |
| ASE Industrial Holding Co. Ltd., ADR | 57146 | 542887 |
| ASML Holding N.V., Sponsored NYS | 17716 | 12307482 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED INTERNATIONAL FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; STMicroelectronics N.V., Sponsored <br> NYS<br>| 37577 | $955583 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing <br> Co. Ltd., Sponsored ADR<br>| 36318 | 8775155 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Microelectronics Corp., <br> Sponsored ADR<br>| 136133 | 931150 |
|  |  | 24313429 |
| ***SOFTWARE - 6.4%*** |  |  |
| Nice Ltd., Sponsored ADR<sup>(a)</sup> <br>| 8919 | 1391810 |
| SAP SE, Sponsored ADR | 49678 | 14242682 |
|  |  | 15634492 |
| ***TECHNOLOGY HARDWARE,*** <br> ***STORAGE & PERIPHERALS -*** <br> ***0.6%***<br>|  |  |
| Logitech International SA | 15940 | 1480507 |
| ***WATER UTILITIES - 0.1%*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cia de Saneamento Basico do Estado de <br> Sao Paulo SABESP, ADR<br>| 16986 | 327490 |
| ***WIRELESS TELECOMMUNICATION*** <br> ***SERVICES - 1.1%***<br>|  |  |
| America Movil SAB de CV, ADR | 77435 | 1399251 |
| Vodafone Group PLC, Sponsored ADR | 112382 | 1214849 |
|  |  | 2614100 |
| **TOTAL COMMON STOCKS** <br>**(COST $217,837,372)**<br>|  | 239596212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 0.6%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 0.6%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 0.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio <br> (Premier Class), 4.15%<sup>(b)</sup> <br>| 1572944 | 1572944 |
| **TOTAL MONEY MARKET FUND** <br>**(COST $1,572,944)**<br>|  | 1572944 |
| **PREFERRED STOCKS - 1.3%** | **PREFERRED STOCKS - 1.3%** | **PREFERRED STOCKS - 1.3%** |
| ***BANKS - 0.7%*** | ***BANKS - 0.7%*** | ***BANKS - 0.7%*** |
| &nbsp;&nbsp;&nbsp;&nbsp; Itau Unibanco Holding SA, Sponsored <br> ADR, 3.97%<sup>(c)</sup> <br>| 268209 | 1681671 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***BIOTECHNOLOGY - 0.0%*** | ***BIOTECHNOLOGY - 0.0%*** | ***BIOTECHNOLOGY - 0.0%*** |
| Grifols SA, ADR, 1.62%<sup>(c)</sup> <br>| 4960 | $53072 |
| ***OIL, GAS & CONSUMABLE FUELS - 0.6%*** | ***OIL, GAS & CONSUMABLE FUELS - 0.6%*** | ***OIL, GAS & CONSUMABLE FUELS - 0.6%*** |
| &nbsp;&nbsp;&nbsp;&nbsp; Petroleo Brasileiro SA, Sponsored ADR, <br> 3.76%<sup>(c)</sup> <br>| 113226 | 1315686 |
| **TOTAL PREFERRED STOCKS** <br>**(COST $3,029,692)**<br>|  | 3050429 |
| **TOTAL INVESTMENTS** <br>**(COST $222,440,008) - 100.0%**<br>|  | 244219585 |
| **LIABILITIES IN EXCESS OF** <br> **OTHER ASSETS - 0.0%**<br>|  | (89096)<br>|
| **NET ASSETS - 100.0%** |  | $244130489 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> 7-day current yield as of July 31, 2025.

<sup>(c)</sup> Current yield. Dividends are calculated based on a percentage of the issuer's net income. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| ADR — American Depositary Receipt |
| AG — Aktiengesellschaft |
| ASA — Aksjeselskap |
| N.V. — Naamloze Vennootschap |
| NYS — New York Shares |
| PLC — Public Limited Company |
| S.p.A. — Stock Purchase Agreements |
| SA — Societe Anonyme |
| SAB de CV — Sociedad Anónima Bursátil de Capital Variable |
| SABESP — Companhia de Saneamento Basico do Estado de Sao Paulo |
| SE — Societas Europaea |
| Tbk PT — Perseroan Terbatas |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED LARGE CAP FUND**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS - 99.9%** |  |  |
| ***AEROSPACE & DEFENSE - 2.2%*** |  |  |
| Axon Enterprise, Inc.<sup>(a)</sup> <br>| 494 | $373212 |
| Boeing Co. (The)<sup>(a)</sup> <br>| 3699 | 820586 |
| General Dynamics Corp. | 616 | 191952 |
| General Electric Co. | 5545 | 1503138 |
| Howmet Aerospace, Inc. | 1665 | 299317 |
| L3Harris Technologies, Inc. | 972 | 267125 |
| Lockheed Martin Corp. | 1044 | 439503 |
| Northrop Grumman Corp. | 680 | 392095 |
| RTX Corp. | 6946 | 1094481 |
| Textron, Inc. | 597 | 46429 |
| TransDigm Group, Inc. | 558 | 897521 |
|  |  | 6325359 |
| ***AIR FREIGHT & LOGISTICS - 0.2%*** |  |  |
| C.H. Robinson Worldwide, Inc. | 1410 | 162601 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expeditors International of Washington, <br> Inc.<br>| 2171 | 252357 |
| FedEx Corp. | 11 | 2459 |
| United Parcel Service, Inc., Class B | 3302 | 284500 |
|  |  | 701917 |
| ***AUTOMOBILES - 1.8%*** |  |  |
| Ford Motor Co. | 24591 | 272222 |
| General Motors Co. | 4638 | 247391 |
| Tesla, Inc.<sup>(a)</sup> <br>| 14867 | 4583050 |
|  |  | 5102663 |
| ***BANKS - 3.5%*** |  |  |
| Bank of America Corp. | 38335 | 1812095 |
| Citigroup, Inc. | 9308 | 872160 |
| Citizens Financial Group, Inc. | 1163 | 55498 |
| Fifth Third Bancorp | 4350 | 180830 |
| Huntington Bancshares, Inc. | 12350 | 202911 |
| JPMorgan Chase & Co. | 15185 | 4498404 |
| KeyCorp | 7900 | 141568 |
| Regions Financial Corp. | 7892 | 199904 |
| Truist Financial Corp. | 7326 | 320220 |
| U.S. Bancorp | 7905 | 355409 |
| Wells Fargo & Co. | 17881 | 1441745 |
|  |  | 10080744 |
| ***BEVERAGES - 1.2%*** |  |  |
| Coca-Cola Co. (The) | 25724 | 1746402 |
| Keurig Dr Pepper, Inc. | 5015 | 163740 |
| Monster Beverage Corp.<sup>(a)</sup> <br>| 6052 | 355555 |
| PepsiCo, Inc. | 8587 | 1184319 |
|  |  | 3450016 |
| ***BIOTECHNOLOGY - 1.2%*** |  |  |
| Amgen, Inc. | 6575 | 1940283 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Gilead Sciences, Inc. | 10159 | $1140754 |
| Incyte Corp.<sup>(a)</sup> <br>| 4162 | 311692 |
| Moderna, Inc.<sup>(a)</sup> <br>| 1993 | 58913 |
|  |  | 3451642 |
| ***BROADLINE RETAIL - 4.1%*** |  |  |
| Amazon.com, Inc.<sup>(a)</sup> <br>| 48832 | 11432060 |
| eBay, Inc. | 3111 | 285434 |
|  |  | 11717494 |
| ***BUILDING PRODUCTS - 0.7%*** |  |  |
| A.O. Smith Corp. | 807 | 57128 |
| Allegion PLC | 77 | 12776 |
| Builders FirstSource, Inc.<sup>(a)</sup> <br>| 87 | 11060 |
| Carrier Global Corp. | 8574 | 588348 |
| Johnson Controls International PLC | 4622 | 485310 |
| Masco Corp. | 1108 | 75488 |
| Trane Technologies PLC | 1865 | 817019 |
|  |  | 2047129 |
| ***CAPITAL MARKETS - 3.3%*** |  |  |
| Bank of New York Mellon Corp. (The) | 5406 | 548439 |
| Blackrock, Inc. | 603 | 666924 |
| Blackstone, Inc. | 3582 | 619543 |
| Cboe Global Markets, Inc. | 762 | 183673 |
| Charles Schwab Corp. (The) | 7781 | 760437 |
| CME Group, Inc. | 2144 | 596632 |
| Coinbase Global, Inc., Class A<sup>(a)</sup> <br>| 1233 | 465778 |
| Franklin Resources, Inc. | 2300 | 55200 |
| Goldman Sachs Group, Inc. (The) | 1494 | 1081043 |
| Intercontinental Exchange, Inc. | 3189 | 589423 |
| Invesco Ltd. | 2500 | 52525 |
| KKR & Co., Inc. | 2636 | 386385 |
| Moody's Corp. | 586 | 302218 |
| Morgan Stanley | 6722 | 957616 |
| Nasdaq, Inc.  | 5973 | 574722 |
| Northern Trust Corp. | 683 | 88790 |
| Raymond James Financial, Inc. | 969 | 161949 |
| S&P Global, Inc. | 2251 | 1240526 |
| State Street Corp. | 1585 | 177124 |
| T. Rowe Price Group, Inc. | 803 | 81464 |
|  |  | 9590411 |
| ***CHEMICALS - 1.0%*** |  |  |
| Air Products and Chemicals, Inc. | 403 | 116016 |
| Albemarle Corp. | 172 | 11670 |
| CF Industries Holdings, Inc. | 795 | 73800 |
| Corteva, Inc. | 3807 | 274599 |
| Dow, Inc. | 4069 | 94767 |
| DuPont de Nemours, Inc. | 2076 | 149264 |
| Ecolab, Inc. | 1525 | 399184 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED LARGE CAP FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| International Flavors & Fragrances, Inc. | 1328 | $94328 |
| Linde PLC | 2401 | 1105084 |
| LyondellBasell Industries N.V., Class A | 1530 | 88633 |
| Mosaic Co. (The) | 2160 | 77782 |
| PPG Industries, Inc. | 1165 | 122907 |
| Sherwin-Williams Co. (The) | 494 | 163455 |
|  |  | 2771489 |
| ***COMMERCIAL SERVICES &*** <br> ***SUPPLIES - 0.6%***<br>|  |  |
| Cintas Corp. | 1872 | 416613 |
| Copart, Inc.<sup>(a)</sup> <br>| 5166 | 234175 |
| Republic Services, Inc. | 1516 | 349665 |
| Rollins, Inc. | 2895 | 165797 |
| Veralto Corp. | 1275 | 133658 |
| Waste Management, Inc. | 2211 | 506673 |
|  |  | 1806581 |
| ***COMMUNICATIONS EQUIPMENT -*** <br> ***0.8%***<br>|  |  |
| Arista Networks, Inc.<sup>(a)</sup> <br>| 3284 | 404655 |
| Cisco Systems, Inc. | 26917 | 1832509 |
| F5, Inc.<sup>(a)</sup> <br>| 17 | 5328 |
| Motorola Solutions, Inc. | 282 | 123792 |
|  |  | 2366284 |
| ***CONSTRUCTION & ENGINEERING -*** <br> ***0.0%***<br>|  |  |
| Quanta Services, Inc. | 202 | 82038 |
| ***CONSTRUCTION MATERIALS - 0.1%*** |  |  |
| Martin Marietta Materials, Inc. | 33 | 18971 |
| Vulcan Materials Co. | 463 | 127172 |
|  |  | 146143 |
| ***CONSUMER FINANCE - 0.7%*** |  |  |
| American Express Co. | 2954 | 884162 |
| Capital One Financial Corp. | 2680 | 576200 |
| Synchrony Financial | 7617 | 530676 |
|  |  | 1991038 |
| ***CONSUMER STAPLES*** <br> ***DISTRIBUTION & RETAIL - 2.0%***<br>|  |  |
| Costco Wholesale Corp. | 2449 | 2301178 |
| Dollar Tree, Inc.<sup>(a)</sup> <br>| 572 | 64951 |
| Kroger Co. (The) | 4059 | 284536 |
| Sysco Corp. | 2990 | 238004 |
| Target Corp. | 1512 | 151956 |
| Walgreens Boots Alliance, Inc. | 11848 | 137911 |
| Walmart, Inc. | 24821 | 2431961 |
|  |  | 5610497 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***CONTAINERS & PACKAGING - 0.4%*** |  |  |
| Amcor PLC | 31380 | $293403 |
| Avery Dennison Corp. | 2097 | 351814 |
| Ball Corp. | 7050 | 403683 |
| International Paper Co. | 2236 | 104511 |
| Smurfit WestRock PLC | 1601 | 71052 |
|  |  | 1224463 |
| ***DISTRIBUTORS - 0.4%*** |  |  |
| Genuine Parts Co. | 3144 | 405199 |
| LKQ Corp. | 9267 | 273098 |
| Pool Corp. | 1114 | 343268 |
|  |  | 1021565 |
| ***DIVERSIFIED*** <br> ***TELECOMMUNICATION*** <br> ***SERVICES - 0.8%***<br>|  |  |
| AT&T, Inc. | 45941 | 1259243 |
| Verizon Communications, Inc. | 22561 | 964708 |
|  |  | 2223951 |
| ***ELECTRIC UTILITIES - 1.7%*** |  |  |
| Alliant Energy Corp. | 2090 | 135871 |
| American Electric Power Co., Inc. | 2934 | 331953 |
| Constellation Energy Corp. | 1635 | 568718 |
| Duke Energy Corp. | 5496 | 668533 |
| Edison International | 2094 | 109139 |
| Entergy Corp. | 1528 | 138177 |
| Evergy, Inc. | 1721 | 121847 |
| Eversource Energy | 1973 | 130415 |
| Exelon Corp. | 7191 | 323164 |
| FirstEnergy Corp. | 4259 | 181902 |
| NextEra Energy, Inc. | 10857 | 771498 |
| NRG Energy, Inc. | 463 | 77414 |
| PG&E Corp. | 8106 | 113646 |
| Pinnacle West Capital Corp. | 510 | 46216 |
| PPL Corp. | 7780 | 277668 |
| Southern Co. (The) | 7424 | 701420 |
| Xcel Energy, Inc. | 3140 | 230602 |
|  |  | 4928183 |
| ***ELECTRICAL EQUIPMENT - 0.9%*** |  |  |
| AMETEK, Inc. | 952 | 175977 |
| Eaton Corp. PLC | 2149 | 826763 |
| Emerson Electric Co. | 2509 | 365085 |
| GE Vernova, Inc. | 1634 | 1078914 |
| Generac Holdings, Inc.<sup>(a)</sup> <br>| 73 | 14212 |
| Rockwell Automation, Inc. | 15 | 5276 |
|  |  | 2466227 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED LARGE CAP FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***ELECTRONIC EQUIPMENT,*** <br> ***INSTRUMENTS*** <br> ***& COMPONENTS - 0.5%***<br>|  |  |
| Amphenol Corp., Class A | 4515 | $480893 |
| Corning, Inc. | 5104 | 322777 |
| Keysight Technologies, Inc.<sup>(a)</sup> <br>| 2708 | 443868 |
| TE Connectivity PLC | 820 | 168715 |
| Teledyne Technologies, Inc.<sup>(a)</sup> <br>| 4 | 2204 |
| Trimble, Inc.<sup>(a)</sup> <br>| 1517 | 127261 |
|  |  | 1545718 |
| ***ENERGY EQUIPMENT & SERVICES*** <br> ***- 0.2%***<br>|  |  |
| Baker Hughes Co. | 5217 | 235026 |
| Halliburton Co. | 4080 | 91392 |
| Schlumberger N.V. | 7767 | 262525 |
|  |  | 588943 |
| ***ENTERTAINMENT - 1.5%*** |  |  |
| Electronic Arts, Inc. | 3214 | 490103 |
| Netflix, Inc.<sup>(a)</sup> <br>| 2214 | 2566911 |
| Walt Disney Co. (The) | 9379 | 1117133 |
| Warner Bros Discovery, Inc.<sup>(a)</sup> <br>| 13884 | 182852 |
|  |  | 4356999 |
| ***FINANCIAL SERVICES - 4.2%*** |  |  |
| Apollo Global Management, Inc. | 1448 | 210424 |
| Berkshire Hathaway, Inc., Class B<sup>(a)</sup> <br>| 10210 | 4817895 |
| Corpay, Inc.<sup>(a)</sup> <br>| 30 | 9691 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity National Information Services, <br> Inc.<br>| 2912 | 231242 |
| Fiserv, Inc.<sup>(a)</sup> <br>| 3122 | 433771 |
| Global Payments, Inc. | 841 | 67238 |
| Mastercard, Inc., Class A | 4889 | 2769472 |
| PayPal Holdings, Inc.<sup>(a)</sup> <br>| 5053 | 347444 |
| Visa, Inc., Class A | 9504 | 3283347 |
|  |  | 12170524 |
| ***FOOD PRODUCTS - 0.7%*** |  |  |
| Archer-Daniels-Midland Co. | 2648 | 143469 |
| Bunge Global SA | 3400 | 271184 |
| Conagra Brands, Inc. | 4970 | 90752 |
| General Mills, Inc. | 5287 | 258957 |
| Hormel Foods Corp. | 4023 | 113006 |
| J M Smucker Co. (The) | 570 | 61184 |
| Kellanova | 2538 | 202608 |
| Kraft Heinz Co. (The) | 6176 | 169593 |
| McCormick & Co., Inc. | 1409 | 99518 |
| Mondelez International, Inc., Class A | 8434 | 545595 |
| The Campbell's Co. | 2562 | 81779 |
| Tyson Foods, Inc., Class A | 1566 | 81902 |
|  |  | 2119547 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***GAS UTILITIES - 0.1%*** |  |  |
| Atmos Energy Corp. | 1280 | $199578 |
| ***GROUND TRANSPORTATION - 0.8%*** |  |  |
| CSX Corp. | 12654 | 449723 |
| J.B. Hunt Transport Services, Inc. | 1684 | 242580 |
| Old Dominion Freight Line, Inc. | 547 | 81640 |
| Uber Technologies, Inc.<sup>(a)</sup> <br>| 10484 | 919971 |
| Union Pacific Corp. | 2863 | 635500 |
|  |  | 2329414 |
| ***HEALTH CARE EQUIPMENT &*** <br> ***SUPPLIES - 2.7%***<br>|  |  |
| Abbott Laboratories | 11040 | 1393138 |
| Baxter International, Inc. | 3423 | 74484 |
| Becton, Dickinson and Co. | 2402 | 428156 |
| Boston Scientific Corp.<sup>(a)</sup> <br>| 11065 | 1160940 |
| Cooper Cos., Inc. (The)<sup>(a)</sup> <br>| 3798 | 268481 |
| Dexcom, Inc.<sup>(a)</sup> <br>| 2114 | 170748 |
| Edwards Lifesciences Corp.<sup>(a)</sup> <br>| 3140 | 249033 |
| Hologic, Inc.<sup>(a)</sup> <br>| 2143 | 143195 |
| IDEXX Laboratories, Inc.<sup>(a)</sup> <br>| 974 | 520418 |
| Insulet Corp.<sup>(a)</sup> <br>| 266 | 76714 |
| Intuitive Surgical, Inc.<sup>(a)</sup> <br>| 2399 | 1154135 |
| Medtronic PLC | 8397 | 757745 |
| ResMed, Inc. | 770 | 209394 |
| Solventum Corp.<sup>(a)</sup> <br>| 789 | 56303 |
| STERIS PLC | 357 | 80857 |
| Stryker Corp. | 2238 | 878930 |
| Zimmer Holdings, Inc. | 1772 | 162404 |
|  |  | 7785075 |
| ***HEALTH CARE PROVIDERS &*** <br> ***SERVICES - 1.7%***<br>|  |  |
| Cardinal Health, Inc. | 3203 | 497170 |
| Cencora, Inc. | 2128 | 608778 |
| Centene Corp.<sup>(a)</sup> <br>| 12613 | 328821 |
| Cigna Group (The) | 2402 | 642247 |
| CVS Health Corp. | 7202 | 447244 |
| DaVita, Inc.<sup>(a)</sup> <br>| 452 | 63447 |
| Elevance Health, Inc. | 2723 | 770827 |
| Henry Schein, Inc.<sup>(a)</sup> <br>| 1009 | 68259 |
| Humana, Inc. | 1368 | 341822 |
| Labcorp Holdings, Inc. | 264 | 68661 |
| McKesson Corp. | 949 | 658170 |
| Molina Healthcare, Inc.<sup>(a)</sup> <br>| 1261 | 199074 |
| Quest Diagnostics, Inc. | 1135 | 190010 |
|  |  | 4884530 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED LARGE CAP FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***HEALTH CARE REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 0.3%***<br>|  |  |
| Welltower, Inc. | 5301 | $875036 |
| ***HOTEL & RESORT REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 0.0%***<br>|  |  |
| Host Hotels & Resorts, Inc. | 6193 | 97354 |
| ***HOTELS, RESTAURANTS &*** <br> ***LEISURE - 1.7%***<br>|  |  |
| Airbnb, Inc., Class A<sup>(a)</sup> <br>| 1944 | 257405 |
| Booking Holdings, Inc. | 171 | 941194 |
| Carnival Corp.<sup>(a)</sup> <br>| 6190 | 184276 |
| Chipotle Mexican Grill, Inc.<sup>(a)</sup> <br>| 6796 | 291412 |
| Domino's Pizza, Inc. | 22 | 10191 |
| DoorDash, Inc., Class A<sup>(a)</sup> <br>| 976 | 244244 |
| Expedia Group, Inc. | 255 | 45956 |
| Hilton Worldwide Holdings, Inc. | 1049 | 281216 |
| Marriott International, Inc., Class A | 1012 | 266996 |
| McDonald's Corp. | 3636 | 1091055 |
| Norwegian Cruise Line Holdings Ltd.<sup>(a)</sup> <br>| 2830 | 72335 |
| Royal Caribbean Cruises Ltd. | 1432 | 455190 |
| Starbucks Corp. | 5093 | 454092 |
| Yum! Brands, Inc. | 1563 | 225306 |
|  |  | 4820868 |
| ***HOUSEHOLD DURABLES - 0.1%*** |  |  |
| D.R. Horton, Inc. | 1025 | 146411 |
| Garmin Ltd. | 735 | 160789 |
| Mohawk Industries, Inc.<sup>(a)</sup> <br>| 34 | 3893 |
|  |  | 311093 |
| ***HOUSEHOLD PRODUCTS - 1.1%*** |  |  |
| Church & Dwight Co., Inc. | 2673 | 250647 |
| Clorox Co. (The) | 59 | 7408 |
| Colgate-Palmolive Co. | 5190 | 435182 |
| Kimberly-Clark Corp. | 2402 | 299337 |
| Procter & Gamble Co. (The) | 14279 | 2148561 |
|  |  | 3141135 |
| ***INDEPENDENT POWER AND*** <br> ***RENEWABLE ELECTRICITY*** <br> ***PRODUCERS - 0.1%***<br>|  |  |
| AES Corp. (The) | 5250 | 69037 |
| Vistra Corp. | 1566 | 326574 |
|  |  | 395611 |
| ***INDUSTRIAL CONGLOMERATES -*** <br> ***0.4%***<br>|  |  |
| 3M Co. | 2811 | 419458 |
| Honeywell International, Inc. | 3543 | 787786 |
|  |  | 1207244 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***INDUSTRIAL REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 0.3%***<br>|  |  |
| Prologis, Inc. | 7609 | $812489 |
| ***INSURANCE - 2.1%*** |  |  |
| Aflac, Inc. | 3137 | 311692 |
| Allstate Corp. (The) | 1691 | 343696 |
| American International Group, Inc. | 3722 | 288939 |
| Aon PLC, Class A | 838 | 298085 |
| Arch Capital Group Ltd. | 2274 | 195700 |
| Arthur J. Gallagher & Co. | 1588 | 456153 |
| Brown & Brown, Inc. | 1794 | 163918 |
| Chubb Ltd. | 2623 | 697823 |
| Cincinnati Financial Corp. | 902 | 133054 |
| Erie Indemnity Co., Class A | 165 | 58780 |
| Hartford Insurance Group, Inc. (The) | 2544 | 316448 |
| Loews Corp. | 880 | 79675 |
| Marsh & McLennan Cos., Inc. | 3456 | 688435 |
| MetLife, Inc. | 4149 | 315117 |
| Principal Financial Group, Inc. | 1677 | 130521 |
| Progressive Corp. (The) | 3605 | 872554 |
| Prudential Financial, Inc. | 1562 | 161792 |
| Travelers Cos., Inc. (The) | 983 | 255816 |
| W.R. Berkley Corp. | 2158 | 148492 |
|  |  | 5916690 |
| ***INTERACTIVE MEDIA & SERVICES*** <br> ***- 6.9%***<br>|  |  |
| Alphabet, Inc., Class A | 30400 | 5833760 |
| Alphabet, Inc., Class C | 26334 | 5078775 |
| Match Group, Inc. | 831 | 28478 |
| Meta Platforms, Inc., Class A | 11708 | 9055436 |
|  |  | 19996449 |
| ***IT SERVICES - 1.1%*** |  |  |
| Accenture PLC, Class A | 4460 | 1191266 |
| Akamai Technologies, Inc.<sup>(a)</sup> <br>| 2717 | 207334 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cognizant Technology Solutions Corp., <br> Class A<br>| 2667 | 191384 |
| EPAM Systems, Inc.<sup>(a)</sup> <br>| 26 | 4100 |
| Gartner, Inc.<sup>(a)</sup> <br>| 21 | 7112 |
| GoDaddy, Inc., Class A<sup>(a)</sup> <br>| 313 | 50575 |
| International Business Machines Corp. | 6051 | 1531811 |
|  |  | 3183582 |
| ***LEISURE PRODUCTS - 0.1%*** |  |  |
| Hasbro, Inc. | 4545 | 341602 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED LARGE CAP FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***LIFE SCIENCES TOOLS &*** <br> ***SERVICES - 1.7%***<br>|  |  |
| Agilent Technologies, Inc. | 5261 | $604015 |
| Bio-Techne Corp. | 2182 | 119421 |
| Danaher Corp. | 7212 | 1421918 |
| IQVIA Holdings, Inc.<sup>(a)</sup> <br>| 2944 | 547172 |
| Mettler-Toledo International, Inc.<sup>(a)</sup> <br>| 657 | 810528 |
| Revvity, Inc. | 3707 | 325845 |
| Waters Corp.<sup>(a)</sup> <br>| 2171 | 626898 |
| West Pharmaceutical Services, Inc. | 1839 | 439999 |
|  |  | 4895796 |
| ***MACHINERY - 1.2%*** |  |  |
| Caterpillar, Inc. | 2410 | 1055628 |
| Deere & Co. | 1065 | 558454 |
| Fortive Corp. | 2024 | 97010 |
| Illinois Tool Works, Inc. | 1058 | 270816 |
| Ingersoll Rand, Inc. | 5301 | 448624 |
| Otis Worldwide Corp. | 2409 | 206427 |
| PACCAR, Inc. | 2498 | 246703 |
| Parker-Hannifin Corp. | 255 | 186635 |
| Stanley Black & Decker, Inc. | 79 | 5344 |
| &nbsp;&nbsp;&nbsp;&nbsp; Westinghouse Air Brake Technologies <br> Corp.<br>| 441 | 84694 |
| Xylem, Inc. | 1037 | 149971 |
|  |  | 3310306 |
| ***MEDIA - 0.5%*** |  |  |
| Charter Communications, Inc., Class A<sup>(a)</sup> <br>| 35 | 9428 |
| Comcast Corp., Class A | 21354 | 709593 |
| Fox Corp., Class A | 1088 | 60667 |
| Fox Corp., Class B | 3263 | 166870 |
| Interpublic Group of Cos., Inc. (The) | 14342 | 352813 |
| News Corp., Class A | 2690 | 78871 |
| News Corp., Class B | 1680 | 56145 |
| Omnicom Group, Inc. | 621 | 44743 |
| Paramount Global, Class B | 3380 | 42487 |
|  |  | 1521617 |
| ***METALS & MINING - 0.3%*** |  |  |
| Freeport-McMoRan, Inc. | 7958 | 320230 |
| Newmont Corp. | 5613 | 348567 |
| Nucor Corp. | 757 | 108304 |
| Steel Dynamics, Inc. | 412 | 52555 |
|  |  | 829656 |
| ***MULTI-UTILITIES - 0.8%*** |  |  |
| Ameren Corp. | 1395 | 141076 |
| CenterPoint Energy, Inc. | 5180 | 201088 |
| CMS Energy Corp. | 2241 | 165386 |
| Consolidated Edison, Inc. | 3297 | 341239 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Dominion Energy, Inc. | 4568 | $267000 |
| DTE Energy Co. | 1123 | 155434 |
| NiSource, Inc. | 4370 | 185507 |
| Public Service Enterprise Group, Inc. | 3290 | 295409 |
| Sempra | 3920 | 320186 |
| WEC Energy Group, Inc. | 2365 | 257974 |
|  |  | 2330299 |
| ***OFFICE REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 0.1%***<br>|  |  |
| BXP, Inc. | 4429 | 289790 |
| ***OIL, GAS & CONSUMABLE FUELS -*** <br> ***2.8%***<br>|  |  |
| APA Corp. | 1420 | 27392 |
| Chevron Corp. | 10349 | 1569244 |
| ConocoPhillips | 7205 | 686925 |
| Coterra Energy, Inc. | 4790 | 116828 |
| Devon Energy Corp. | 3180 | 105640 |
| Diamondback Energy, Inc. | 762 | 113279 |
| EOG Resources, Inc. | 2618 | 314212 |
| EQT Corp. | 1813 | 97449 |
| Exxon Mobil Corp. | 24275 | 2710061 |
| Kinder Morgan, Inc. | 18540 | 520232 |
| Marathon Petroleum Corp. | 1695 | 288472 |
| Occidental Petroleum Corp. | 3985 | 175101 |
| ONEOK, Inc. | 2812 | 230893 |
| Phillips 66 | 2131 | 263349 |
| Targa Resources Corp. | 864 | 143778 |
| Texas Pacific Land Corp. | 161 | 155869 |
| Valero Energy Corp. | 1591 | 218460 |
| Williams Cos., Inc. (The) | 7696 | 461375 |
|  |  | 8198559 |
| ***PASSENGER AIRLINES - 0.1%*** |  |  |
| Delta Air Lines, Inc. | 2003 | 106580 |
| Southwest Airlines Co. | 3302 | 102131 |
| United Airlines Holdings, Inc.<sup>(a)</sup> <br>| 710 | 62700 |
|  |  | 271411 |
| ***PERSONAL CARE PRODUCTS - 0.1%*** |  |  |
| Estee Lauder Cos., Inc., (The) Class A | 621 | 57964 |
| Kenvue, Inc. | 10007 | 214550 |
|  |  | 272514 |
| ***PHARMACEUTICALS - 0.5%*** |  |  |
| Zoetis, Inc. | 10233 | 1491869 |
| ***PROFESSIONAL SERVICES - 0.5%*** |  |  |
| Automatic Data Processing, Inc. | 3166 | 979877 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED LARGE CAP FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Broadridge Financial Solutions, Inc. | 96 | $23761 |
| Jacobs Solutions, Inc. | 560 | 79447 |
| Paychex, Inc. | 2190 | 316083 |
|  |  | 1399168 |
| ***REAL ESTATE MANAGEMENT &*** <br> ***DEVELOPMENT - 0.3%***<br>|  |  |
| CBRE Group, Inc., Class A<sup>(a)</sup> <br>| 3705 | 577017 |
| CoStar Group, Inc.<sup>(a)</sup> <br>| 1886 | 179528 |
|  |  | 756545 |
| ***RESIDENTIAL REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 0.1%***<br>|  |  |
| Equity Residential | 2389 | 150985 |
| Invitation Homes, Inc. | 175 | 5364 |
| UDR, Inc. | 2330 | 91545 |
|  |  | 247894 |
| ***RETAIL REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 0.2%***<br>|  |  |
| Federal Realty Investment Trust | 135 | 12442 |
| Kimco Realty Corp. | 5150 | 109335 |
| Realty Income Corp. | 3880 | 217784 |
| Regency Centers Corp. | 1945 | 138873 |
| Simon Property Group, Inc. | 1289 | 211125 |
|  |  | 689559 |
| ***SEMICONDUCTORS &*** <br> ***SEMICONDUCTOR EQUIPMENT -*** <br> ***13.6%***<br>|  |  |
| Advanced Micro Devices, Inc.<sup>(a)</sup> <br>| 10875 | 1917371 |
| Analog Devices, Inc. | 4036 | 906607 |
| Applied Materials, Inc. | 6001 | 1080540 |
| Broadcom, Inc. | 24940 | 7324878 |
| Enphase Energy, Inc.<sup>(a)</sup> <br>| 358 | 11585 |
| First Solar, Inc.<sup>(a)</sup> <br>| 332 | 58010 |
| Intel Corp. | 35970 | 712206 |
| KLA Corp. | 176 | 154709 |
| Lam Research Corp. | 10594 | 1004735 |
| Microchip Technology, Inc. | 490 | 33119 |
| Micron Technology, Inc. | 5144 | 561416 |
| Monolithic Power Systems, Inc. | 72 | 51209 |
| NVIDIA Corp. | 132621 | 23589297 |
| NXP Semiconductors N.V. | 2723 | 582096 |
| ON Semiconductor Corp.<sup>(a)</sup> <br>| 912 | 51400 |
| QUALCOMM, Inc. | 4273 | 627106 |
| Teradyne, Inc. | 150 | 16115 |
| Texas Instruments, Inc. | 3232 | 585186 |
|  |  | 39267585 |
| ***SOFTWARE - 12.1%*** |  |  |
| Adobe, Inc.<sup>(a)</sup> <br>| 3085 | 1103474 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Autodesk, Inc.<sup>(a)</sup> <br>| 2160 | $654718 |
| Cadence Design Systems, Inc.<sup>(a)</sup> <br>| 2388 | 870593 |
| Crowdstrike Holdings, Inc., Class A<sup>(a)</sup> <br>| 1323 | 601396 |
| Fair Isaac Corp.<sup>(a)</sup> <br>| 128 | 183900 |
| Fortinet, Inc.<sup>(a)</sup> <br>| 3098 | 309490 |
| Gen Digital, Inc. | 4396 | 129638 |
| Intuit, Inc. | 1866 | 1465053 |
| Microsoft Corp. | 39676 | 21167146 |
| Oracle Corp. | 8536 | 2166181 |
| Palantir Technologies, Inc., Class A<sup>(a)</sup> <br>| 10785 | 1707805 |
| Palo Alto Networks, Inc.<sup>(a)</sup> <br>| 5117 | 888311 |
| Salesforce, Inc. | 5249 | 1355974 |
| ServiceNow, Inc.<sup>(a)</sup> <br>| 1431 | 1349605 |
| Synopsys, Inc.<sup>(a)</sup> <br>| 888 | 562800 |
| Workday, Inc., Class A<sup>(a)</sup> <br>| 2143 | 491561 |
|  |  | 35007645 |
| ***SPECIALIZED REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 1.2%***<br>|  |  |
| American Tower Corp. | 3889 | 810429 |
| Crown Castle, Inc. | 5361 | 563387 |
| Digital Realty Trust, Inc. | 3444 | 607659 |
| Equinix, Inc. | 901 | 707438 |
| Extra Space Storage, Inc. | 971 | 130464 |
| Iron Mountain, Inc. | 1456 | 141756 |
| SBA Communications Corp. | 1821 | 409215 |
| Weyerhaeuser Co. | 5852 | 146593 |
|  |  | 3516941 |
| ***SPECIALTY RETAIL - 2.0%*** |  |  |
| Best Buy Co., Inc. | 5356 | 348461 |
| CarMax, Inc.<sup>(a)</sup> <br>| 5478 | 310110 |
| Home Depot, Inc. (The) | 6275 | 2306125 |
| Lowe's Cos., Inc. | 4415 | 987062 |
| TJX Cos., Inc. (The) | 6350 | 790765 |
| Tractor Supply Co. | 8524 | 485442 |
| Williams-Sonoma, Inc. | 2221 | 415438 |
|  |  | 5643403 |
| ***TECHNOLOGY HARDWARE,*** <br> ***STORAGE & PERIPHERALS -*** <br> ***6.6%***<br>|  |  |
| Apple, Inc. | 79651 | 16533158 |
| Dell Technologies, Inc., Class C | 272 | 36092 |
| Hewlett Packard Enterprise Co. | 24668 | 510381 |
| HP, Inc. | 16795 | 416516 |
| NetApp, Inc. | 3865 | 402462 |
| Seagate Technology Holdings PLC | 3210 | 504002 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED LARGE CAP FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Super Micro Computer, Inc.<sup>(a)</sup> <br>| 1890 | $111453 |
| Western Digital Corp. | 6446 | 507236 |
|  |  | 19021300 |
| ***TEXTILES, APPAREL & LUXURY*** <br> ***GOODS - 0.3%***<br>|  |  |
| Deckers Outdoor Corp.<sup>(a)</sup> <br>| 3814 | 404932 |
| NIKE, Inc., Class B | 5426 | 405268 |
| Ralph Lauren Corp. | 28 | 8365 |
| Tapestry, Inc. | 924 | 99820 |
|  |  | 918385 |
| ***TRADING COMPANIES &*** <br> ***DISTRIBUTORS - 0.3%***<br>|  |  |
| Fastenal Co. | 6832 | 315160 |
| United Rentals, Inc. | 121 | 106836 |
| W.W. Grainger, Inc. | 515 | 535363 |
|  |  | 957359 |
| ***WATER UTILITIES - 0.1%*** |  |  |
| American Water Works Co., Inc. | 1074 | 150618 |
| ***WIRELESS TELECOMMUNICATION*** <br> ***SERVICES - 0.3%***<br>|  |  |
| T-Mobile U.S., Inc. | 3364 | 802011 |
| **TOTAL COMMON STOCKS** <br>**(COST $197,808,783)**<br>|  | 287975545 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **RIGHTS - 0.0%** | **RIGHTS - 0.0%** | **RIGHTS - 0.0%** |
| ***HEALTH CARE EQUIPMENT & SUPPLIES - 0.0%*** | ***HEALTH CARE EQUIPMENT & SUPPLIES - 0.0%*** | ***HEALTH CARE EQUIPMENT & SUPPLIES - 0.0%*** |
| &nbsp;&nbsp;&nbsp;&nbsp; Contra Abiomed, Inc. (Contingent Value <br> Rights)<sup>(a)(b)(c)</sup> <br>| 373 | $— |
| **TOTAL RIGHTS** <br>**(COST $—)**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 0.2%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 0.2%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio <br> (Premier Class), 4.15%<sup>(d)</sup> <br>| 513530 | 513530 |
| **TOTAL MONEY MARKET FUND** <br>**(COST $513,530)**<br>|  | 513530 |
| **TOTAL INVESTMENTS** <br>**(COST $198,322,313) - 100.1%**<br>|  | 288489075 |
| **LIABILITIES IN EXCESS OF** <br> **OTHER ASSETS - (0.1)%**<br>|  | (174689)<br>|
| **NET ASSETS - 100.0%** |  | $288314386 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Security is a Level 3 investment and was valued using significant unobservable inputs as of period end. 

<sup>(c)</sup> Amounts denoted as ''—'' are less than $0.50.

<sup>(d)</sup> 7-day current yield as of July 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

N.V. — Naamloze Vennootschap <br> PLC — Public Limited Company <br> SA — Societe Anonyme

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED SMALL-MID CAP FUND**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS - 99.5%** |  |  |
| ***AEROSPACE & DEFENSE - 2.1%*** |  |  |
| AAR Corp.<sup>(a)</sup> <br>| 1599 | $119461 |
| AeroVironment, Inc.<sup>(a)</sup> <br>| 1258 | 336691 |
| ATI, Inc.<sup>(a)</sup> <br>| 6227 | 479105 |
| BWX Technologies, Inc. | 4259 | 647070 |
| Curtiss-Wright Corp. | 1575 | 772097 |
| Hexcel Corp. | 3894 | 233290 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kratos Defense & Security Solutions, <br> Inc.<sup>(a)</sup> <br>| 3509 | 205978 |
| Mercury Systems, Inc.<sup>(a)</sup> <br>| 2568 | 135051 |
| Moog, Inc., Class A | 887 | 171705 |
| National Presto Industries, Inc. | 48 | 4630 |
| Woodward, Inc. | 2945 | 757101 |
|  |  | 3862179 |
| ***AIR FREIGHT & LOGISTICS - 0.2%*** |  |  |
| Forward Air Corp.<sup>(a)</sup> <br>| 1308 | 39750 |
| GXO Logistics, Inc.<sup>(a)</sup> <br>| 5534 | 275095 |
| Hub Group, Inc., Class A | 2982 | 104430 |
|  |  | 419275 |
| ***AUTOMOBILE COMPONENTS - 1.2%*** |  |  |
| Adient PLC<sup>(a)</sup> <br>| 4386 | 94036 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Axle & Manufacturing <br> Holdings, Inc.<sup>(a)</sup> <br>| 6850 | 30482 |
| Autoliv, Inc. | 2512 | 280214 |
| BorgWarner, Inc. | 13853 | 509790 |
| Dana, Inc. | 7151 | 113844 |
| Dorman Products, Inc.<sup>(a)</sup> <br>| 422 | 50902 |
| Fox Factory Holding Corp.<sup>(a)</sup> <br>| 1440 | 43733 |
| Gentex Corp. | 11098 | 293209 |
| Gentherm, Inc.<sup>(a)</sup> <br>| 1290 | 41332 |
| Goodyear Tire & Rubber Co. (The)<sup>(a)</sup> <br>| 13896 | 142851 |
| Lear Corp. | 4304 | 405824 |
| Patrick Industries, Inc. | 1038 | 100935 |
| Phinia, Inc. | 1505 | 76303 |
| Standard Motor Products, Inc. | 289 | 8774 |
| XPEL, Inc.<sup>(a)</sup> <br>| 665 | 21739 |
|  |  | 2213968 |
| ***AUTOMOBILES - 0.3%*** |  |  |
| Harley-Davidson, Inc. | 12816 | 311813 |
| Thor Industries, Inc. | 1609 | 146403 |
|  |  | 458216 |
| ***BANKS - 7.3%*** |  |  |
| Ameris Bancorp | 3025 | 206759 |
| Associated Banc-Corp | 7939 | 196411 |
| Atlantic Union Bankshares Corp. | 1684 | 53383 |
| Axos Financial, Inc.<sup>(a)</sup> <br>| 2598 | 224337 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Banc of California, Inc. | 7435 | $107956 |
| BancFirst Corp. | 122 | 15191 |
| Bancorp, Inc. (The)<sup>(a)</sup> <br>| 2490 | 157268 |
| Bank of Hawaii Corp. | 1748 | 108166 |
| Bank OZK | 4739 | 233633 |
| BankUnited, Inc. | 3511 | 128046 |
| Banner Corp. | 1024 | 63565 |
| Berkshire Hills Bancorp, Inc. | 2660 | 65542 |
| Brookline Bancorp, Inc. | 6100 | 62952 |
| Cadence Bank | 9327 | 325046 |
| Capitol Federal Financial, Inc. | 6050 | 36421 |
| Cathay General Bancorp | 2917 | 131907 |
| Central Pacific Financial Corp. | 1180 | 31459 |
| Columbia Banking System, Inc. | 11152 | 265418 |
| Comerica, Inc. | 6457 | 436299 |
| Commerce Bancshares, Inc. | 5671 | 347065 |
| Community Financial System, Inc. | 2134 | 112462 |
| Customers Bancorp, Inc.<sup>(a)</sup> <br>| 1293 | 82429 |
| CVB Financial Corp. | 6829 | 127634 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dime Community Bancshares, Inc., <br> Class B<br>| 2282 | 63234 |
| Eagle Bancorp, Inc. | 1440 | 23170 |
| East West Bancorp, Inc. | 6710 | 672677 |
| F.N.B. Corp. | 20435 | 313064 |
| FB Financial Corp. | 1861 | 90742 |
| First Bancorp | 1870 | 93668 |
| First BanCorp (New York Exchange) | 8874 | 184845 |
| First Commonwealth Financial Corp. | 4960 | 81890 |
| First Financial Bancorp | 4760 | 115382 |
| First Financial Bankshares, Inc. | 6259 | 216687 |
| First Hawaiian, Inc. | 6020 | 145985 |
| First Horizon Corp. | 26847 | 585533 |
| Flagstar Financial, Inc. | 12450 | 140561 |
| Fulton Financial Corp. | 9939 | 178405 |
| Glacier Bancorp, Inc. | 5236 | 229494 |
| Hancock Whitney Corp. | 3656 | 218336 |
| Hanmi Financial Corp. | 1901 | 43362 |
| Heritage Financial Corp. | 1430 | 32232 |
| Hilltop Holdings, Inc. | 3183 | 94217 |
| Home Bancshares, Inc. | 9688 | 272814 |
| Hope Bancorp, Inc. | 8372 | 83636 |
| Independent Bank Corp. | 905 | 57513 |
| International Bancshares Corp. | 2304 | 157087 |
| Lakeland Financial Corp. | 919 | 58237 |
| National Bank Holdings Corp., Class A | 1800 | 66708 |
| NBT Bancorp, Inc. | 2040 | 84415 |
| Northwest Bancshares, Inc. | 4090 | 47853 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED SMALL-MID CAP FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| OFG Bancorp | 2491 | $106166 |
| Old National Bancorp | 16416 | 346542 |
| Pacific Premier Bancorp, Inc. | 4668 | 101156 |
| Pathward Financial, Inc. | 1122 | 84851 |
| Pinnacle Financial Partners, Inc. | 2849 | 250399 |
| Prosperity Bancshares, Inc. | 4135 | 275474 |
| Provident Financial Services, Inc. | 3730 | 67961 |
| Renasant Corp. | 2934 | 107502 |
| S&T Bancorp, Inc. | 1690 | 61922 |
| Seacoast Banking Corp. of Florida | 3510 | 98947 |
| ServisFirst Bancshares, Inc. | 2639 | 207557 |
| Simmons First National Corp., Class A | 5852 | 112183 |
| Southside Bancshares, Inc. | 1286 | 37860 |
| SouthState Corp. | 4428 | 416985 |
| Stellar Bancorp, Inc. | 3104 | 91661 |
| Synovus Financial Corp. | 6547 | 309280 |
| Texas Capital Bancshares, Inc.<sup>(a)</sup> <br>| 2189 | 183810 |
| Tompkins Financial Corp. | 60 | 3881 |
| Triumph Financial, Inc.<sup>(a)</sup> <br>| 1246 | 70673 |
| TrustCo Bank Corp. NY | 800 | 26848 |
| Trustmark Corp. | 3420 | 127395 |
| UMB Financial Corp. | 1793 | 197212 |
| United Bankshares, Inc. | 6379 | 226582 |
| United Community Banks, Inc. | 5632 | 171776 |
| Valley National Bancorp | 22624 | 209724 |
| Veritex Holdings, Inc. | 2803 | 88911 |
| WaFd, Inc. | 3255 | 94737 |
| Webster Financial Corp. | 7649 | 440965 |
| Westamerica BanCorp | 690 | 33051 |
| Western Alliance Bancorp | 3958 | 306982 |
| Wintrust Financial Corp. | 1957 | 250457 |
| WSFS Financial Corp. | 2639 | 144723 |
| Zions Bancorp | 6475 | 347190 |
|  |  | 13472459 |
| ***BEVERAGES - 0.4%*** |  |  |
| Celsius Holdings, Inc.<sup>(a)</sup> <br>| 7482 | 339234 |
| Coca-Cola Consolidated, Inc. | 2650 | 296137 |
| National Beverage Corp.<sup>(a)</sup> <br>| 1346 | 61674 |
|  |  | 697045 |
| ***BIOTECHNOLOGY - 2.2%*** |  |  |
| ADMA Biologics, Inc.<sup>(a)</sup> <br>| 3794 | 70948 |
| Alkermes PLC<sup>(a)</sup> <br>| 6928 | 183523 |
| Arcus Biosciences, Inc.<sup>(a)</sup> <br>| 3030 | 27664 |
| Arrowhead Pharmaceuticals, Inc.<sup>(a)</sup> <br>| 5688 | 89870 |
| BioMarin Pharmaceutical, Inc.<sup>(a)</sup> <br>| 10392 | 601177 |
| Catalyst Pharmaceuticals, Inc.<sup>(a)</sup> <br>| 5390 | 114969 |
| Cytokinetics, Inc.<sup>(a)</sup> <br>| 6089 | 229190 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Dynavax Technologies Corp.<sup>(a)</sup> <br>| 6528 | $71677 |
| Exelixis, Inc.<sup>(a)</sup> <br>| 14784 | 535476 |
| Krystal Biotech, Inc.<sup>(a)</sup> <br>| 1487 | 228805 |
| Myriad Genetics, Inc.<sup>(a)</sup> <br>| 4317 | 16577 |
| Neurocrine Biosciences, Inc.<sup>(a)</sup> <br>| 4988 | 639611 |
| Protagonist Therapeutics, Inc.<sup>(a)</sup> <br>| 2605 | 140305 |
| Roivant Sciences Ltd.<sup>(a)</sup> <br>| 16728 | 190030 |
| Sarepta Therapeutics, Inc.<sup>(a)</sup> <br>| 5254 | 86271 |
| TG Therapeutics, Inc.<sup>(a)</sup> <br>| 4639 | 164685 |
| United Therapeutics Corp.<sup>(a)</sup> <br>| 1847 | 507371 |
| Vericel Corp.<sup>(a)</sup> <br>| 2286 | 79873 |
| Vir Biotechnology, Inc.<sup>(a)</sup> <br>| 4180 | 21193 |
| Xencor, Inc.<sup>(a)</sup> <br>| 3272 | 27223 |
|  |  | 4026438 |
| ***BROADLINE RETAIL - 0.4%*** |  |  |
| Etsy, Inc.<sup>(a)</sup> <br>| 2571 | 149812 |
| Kohl's Corp. | 5090 | 55176 |
| Macy's, Inc. | 13125 | 165769 |
| Ollie's Bargain Outlet Holdings, Inc.<sup>(a)</sup> <br>| 2964 | 404971 |
|  |  | 775728 |
| ***BUILDING PRODUCTS - 2.8%*** |  |  |
| AAON, Inc. | 3505 | 292667 |
| Advanced Drainage Systems, Inc. | 3514 | 403231 |
| Apogee Enterprises, Inc. | 1081 | 45391 |
| Armstrong World Industries, Inc. | 1896 | 356770 |
| AZZ, Inc. | 1273 | 139394 |
| Carlisle Cos., Inc. | 1244 | 441259 |
| CSW Industrials, Inc. | 441 | 114431 |
| Fortune Brands Innovations, Inc. | 5917 | 322713 |
| Gibraltar Industries, Inc.<sup>(a)</sup> <br>| 1330 | 87820 |
| Griffon Corp. | 1932 | 157014 |
| Hayward Holdings, Inc.<sup>(a)</sup> <br>| 6637 | 102077 |
| Insteel Industries, Inc. | 960 | 34656 |
| Masterbrand, Inc.<sup>(a)</sup> <br>| 4058 | 44760 |
| Owens Corning | 3352 | 467369 |
| Quanex Building Products Corp. | 2025 | 39447 |
| Resideo Technologies, Inc.<sup>(a)</sup> <br>| 18002 | 491455 |
| Simpson Manufacturing Co., Inc. | 2023 | 362987 |
| Trex Co., Inc.<sup>(a)</sup> <br>| 4986 | 320301 |
| UFP Industries, Inc. | 2944 | 288512 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zurn Elkay Water Solutions Corp., <br> Class C<br>| 13541 | 599189 |
|  |  | 5111443 |
| ***CAPITAL MARKETS - 3.5%*** |  |  |
| Acadian Asset Management, Inc. | 2520 | 105311 |
| &nbsp;&nbsp;&nbsp;&nbsp; Artisan Partners Asset Management, Inc., <br> Class A<br>| 2578 | 116654 |
| BGC Group, Inc., Class A | 11665 | 108135 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED SMALL-MID CAP FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Cohen & Steers, Inc. | 1440 | $105926 |
| Donnelley Financial Solutions, Inc.<sup>(a)</sup> <br>| 1317 | 69748 |
| Evercore, Inc., Class A | 924 | 278253 |
| Federated Hermes, Inc. | 4292 | 212754 |
| Hamilton Lane, Inc., Class A | 1864 | 283887 |
| Houlihan Lokey, Inc. | 3462 | 660065 |
| Interactive Brokers Group, Inc., Class A | 21074 | 1381611 |
| Janus Henderson Group PLC | 11290 | 488857 |
| Jefferies Financial Group, Inc. | 8667 | 499739 |
| Morningstar, Inc. | 771 | 213151 |
| PJT Partners, Inc., Class A | 1390 | 248282 |
| SEI Investments Co. | 5255 | 463071 |
| StepStone Group, Inc., Class A | 2111 | 125309 |
| Stifel Financial Corp. | 5538 | 631997 |
| StoneX Group, Inc.<sup>(a)</sup> <br>| 2295 | 223166 |
| Virtu Financial, Inc., Class A | 2849 | 125755 |
| WisdomTree, Inc. | 6910 | 91696 |
|  |  | 6433367 |
| ***CHEMICALS - 1.7%*** |  |  |
| AdvanSix, Inc. | 1540 | 30985 |
| Ashland, Inc. | 2461 | 126889 |
| Avient Corp. | 4516 | 142570 |
| Axalta Coating Systems Ltd.<sup>(a)</sup> <br>| 8594 | 243382 |
| Balchem Corp. | 1610 | 245477 |
| Cabot Corp. | 2990 | 215818 |
| Celanese Corp. | 1401 | 73174 |
| Chemours Co. (The) | 7093 | 84974 |
| H.B. Fuller Co. | 2488 | 139826 |
| Hawkins, Inc. | 1076 | 175689 |
| Ingevity Corp.<sup>(a)</sup> <br>| 1450 | 60595 |
| Innospec, Inc. | 1083 | 86532 |
| Koppers Holdings, Inc. | 653 | 21458 |
| Minerals Technologies, Inc. | 1404 | 81643 |
| Olin Corp. | 5503 | 104227 |
| RPM International, Inc. | 7008 | 822809 |
| Scotts Miracle-Gro Co. (The) | 2114 | 132463 |
| Sensient Technologies Corp. | 1950 | 218965 |
| Stepan Co. | 502 | 25487 |
| Westlake Corp. | 1756 | 139251 |
|  |  | 3172214 |
| ***COMMERCIAL SERVICES &*** <br> ***SUPPLIES - 2.1%***<br>|  |  |
| ABM Industries, Inc. | 3050 | 140697 |
| Brady Corp., Class A | 2095 | 147844 |
| Brink's Co. (The) | 1859 | 162365 |
| Clean Harbors, Inc.<sup>(a)</sup> <br>| 1603 | 378003 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Corecivic, Inc.<sup>(a)</sup> <br>| 5864 | $117515 |
| Deluxe Corp. | 2730 | 43953 |
| Enviri Corp.<sup>(a)</sup> <br>| 5250 | 47250 |
| Geo Group, Inc. (The)<sup>(a)</sup> <br>| 6388 | 165577 |
| Healthcare Services Group, Inc.<sup>(a)</sup> <br>| 4472 | 58181 |
| HNI Corp. | 5890 | 302982 |
| Interface, Inc. | 3860 | 79593 |
| Liquidity Services, Inc.<sup>(a)</sup> <br>| 1830 | 43700 |
| MillerKnoll, Inc. | 3446 | 65405 |
| MSA Safety, Inc. | 802 | 142652 |
| OPENLANE, Inc.<sup>(a)</sup> <br>| 5891 | 145154 |
| Pitney Bowes, Inc. | 11310 | 128482 |
| RB Global, Inc. | 9164 | 992095 |
| Tetra Tech, Inc. | 15895 | 583982 |
| Vestis Corp. | 6657 | 40341 |
|  |  | 3785771 |
| ***COMMUNICATIONS EQUIPMENT -*** <br> ***0.9%***<br>|  |  |
| Calix, Inc.<sup>(a)</sup> <br>| 2883 | 163437 |
| Ciena Corp.<sup>(a)</sup> <br>| 6801 | 631405 |
| Digi International, Inc.<sup>(a)</sup> <br>| 2020 | 65872 |
| Extreme Networks, Inc.<sup>(a)</sup> <br>| 6896 | 121783 |
| Harmonic, Inc.<sup>(a)</sup> <br>| 5853 | 49809 |
| Lumentum Holdings, Inc.<sup>(a)</sup> <br>| 3010 | 331341 |
| NetScout Systems, Inc.<sup>(a)</sup> <br>| 3590 | 76898 |
| Viasat, Inc.<sup>(a)</sup> <br>| 3400 | 55862 |
| Viavi Solutions, Inc.<sup>(a)</sup> <br>| 14010 | 140801 |
|  |  | 1637208 |
| ***CONSTRUCTION & ENGINEERING -*** <br> ***3.1%***<br>|  |  |
| AECOM | 6591 | 743069 |
| Arcosa, Inc. | 2319 | 199156 |
| Comfort Systems USA, Inc. | 1740 | 1223742 |
| Dycom Industries, Inc.<sup>(a)</sup> <br>| 1286 | 345690 |
| EMCOR Group, Inc. | 2062 | 1293884 |
| Everus Construction Group, Inc.<sup>(a)</sup> <br>| 1003 | 74483 |
| Fluor Corp.<sup>(a)</sup> <br>| 7771 | 441160 |
| Granite Construction, Inc. | 2021 | 190924 |
| MasTec, Inc.<sup>(a)</sup> <br>| 2838 | 536978 |
| MYR Group, Inc.<sup>(a)</sup> <br>| 679 | 131387 |
| Sterling Infrastructure, Inc.<sup>(a)</sup> <br>| 1416 | 378907 |
| Valmont Industries, Inc. | 613 | 223101 |
|  |  | 5782481 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED SMALL-MID CAP FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***CONSTRUCTION MATERIALS - 0.2%*** |  |  |
| Eagle Materials, Inc. | 884 | $198272 |
| Knife River Corp.<sup>(a)</sup> <br>| 2630 | 216923 |
|  |  | 415195 |
| ***CONSUMER FINANCE - 0.8%*** |  |  |
| Ally Financial, Inc. | 13317 | 504048 |
| Bread Financial Holdings, Inc. | 1718 | 105313 |
| Enova International, Inc.<sup>(a)</sup> <br>| 1012 | 105815 |
| EZCORP, Inc., Class A<sup>(a)</sup> <br>| 3780 | 54130 |
| FirstCash Holdings, Inc. | 1941 | 258716 |
| Navient Corp. | 5335 | 69035 |
| PRA Group, Inc.<sup>(a)</sup> <br>| 1930 | 29336 |
| PROG Holdings, Inc. | 1938 | 61706 |
| SLM Corp. | 11586 | 368435 |
|  |  | 1556534 |
| ***CONSUMER STAPLES*** <br> ***DISTRIBUTION & RETAIL - 2.0%***<br>|  |  |
| Andersons, Inc. (The) | 1604 | 57616 |
| BJ's Wholesale Club Holdings, Inc.<sup>(a)</sup> <br>| 7168 | 759091 |
| Chefs' Warehouse, Inc. (The)<sup>(a)</sup> <br>| 1953 | 133898 |
| Grocery Outlet Holding Corp.<sup>(a)</sup> <br>| 5084 | 66956 |
| Maplebear, Inc.<sup>(a)</sup> <br>| 5080 | 243688 |
| PriceSmart, Inc. | 1287 | 138352 |
| SpartanNash Co. | 2424 | 64333 |
| Sprouts Farmers Market, Inc.<sup>(a)</sup> <br>| 5158 | 781643 |
| United Natural Foods, Inc.<sup>(a)</sup> <br>| 3380 | 93423 |
| US Foods Holding Corp.<sup>(a)</sup> <br>| 16244 | 1353613 |
|  |  | 3692613 |
| ***CONTAINERS & PACKAGING - 1.2%*** |  |  |
| AptarGroup, Inc. | 1916 | 301080 |
| Crown Holdings, Inc. | 6919 | 687472 |
| Graphic Packaging Holding Co. | 12278 | 274536 |
| Greif, Inc., Class A | 578 | 36663 |
| O-I Glass, Inc.<sup>(a)</sup> <br>| 8295 | 107918 |
| Sealed Air Corp. | 13630 | 398950 |
| Silgan Holdings, Inc. | 4150 | 193100 |
| Sonoco Products Co. | 4491 | 202409 |
|  |  | 2202128 |
| ***DIVERSIFIED CONSUMER*** <br> ***SERVICES - 1.6%***<br>|  |  |
| Adtalem Global Education, Inc.<sup>(a)</sup> <br>| 1957 | 223626 |
| Duolingo, Inc.<sup>(a)</sup> <br>| 1739 | 602650 |
| Frontdoor, Inc.<sup>(a)</sup> <br>| 6582 | 385047 |
| Grand Canyon Education, Inc.<sup>(a)</sup> <br>| 1406 | 237094 |
| H&R Block, Inc. | 7149 | 388477 |
| Matthews International Corp., Class A | 1816 | 42658 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Mister Car Wash, Inc.<sup>(a)</sup> <br>| 6790 | $39212 |
| Perdoceo Education Corp. | 3665 | 105479 |
| Service Corp. International | 7737 | 590411 |
| Strategic Education, Inc. | 1126 | 83487 |
| Stride, Inc.<sup>(a)</sup> <br>| 2338 | 299802 |
|  |  | 2997943 |
| ***DIVERSIFIED REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 0.6%***<br>|  |  |
| Alexander & Baldwin, Inc. | 4923 | 88516 |
| American Assets Trust, Inc. | 3540 | 67366 |
| Armada Hoffler Properties, Inc. | 4940 | 33740 |
| Essential Properties Realty Trust, Inc. | 7880 | 240261 |
| Global Net Lease, Inc. | 5720 | 39983 |
| WP Carey, Inc. | 10996 | 705503 |
|  |  | 1175369 |
| ***DIVERSIFIED*** <br> ***TELECOMMUNICATION*** <br> ***SERVICES - 0.5%***<br>|  |  |
| Cogent Communications Holdings, Inc. | 2348 | 107045 |
| Frontier Communications Parent, Inc.<sup>(a)</sup> <br>| 10886 | 399952 |
| Iridium Communications, Inc. | 5940 | 145293 |
| Lumen Technologies, Inc.<sup>(a)</sup> <br>| 41956 | 186704 |
| Shenandoah Telecommunications Co. | 2630 | 38608 |
|  |  | 877602 |
| ***ELECTRIC UTILITIES - 1.0%*** |  |  |
| ALLETE, Inc. | 2558 | 168649 |
| IDACORP, Inc. | 2451 | 307184 |
| MGE Energy, Inc. | 2181 | 185254 |
| OGE Energy Corp. | 11289 | 512746 |
| Otter Tail Corp. | 2248 | 173501 |
| Portland General Electric Co. | 5100 | 209712 |
| TXNM Energy, Inc. | 4370 | 248172 |
|  |  | 1805218 |
| ***ELECTRICAL EQUIPMENT - 1.3%*** |  |  |
| Acuity, Inc. | 933 | 290490 |
| EnerSys | 1410 | 130242 |
| NEXTracker, Inc., Class A<sup>(a)</sup> <br>| 5711 | 332723 |
| nVent Electric PLC | 7714 | 604932 |
| Powell Industries, Inc. | 431 | 102190 |
| Regal Rexnord Corp. | 2231 | 341075 |
| Sensata Technologies Holding PLC | 12708 | 390898 |
| Sunrun, Inc.<sup>(a)</sup> <br>| 10629 | 109053 |
| Vicor Corp.<sup>(a)</sup> <br>| 963 | 42796 |
|  |  | 2344399 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED SMALL-MID CAP FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***ELECTRONIC EQUIPMENT,*** <br> ***INSTRUMENTS*** <br> ***& COMPONENTS - 3.7%***<br>|  |  |
| Advanced Energy Industries, Inc. | 1331 | $184903 |
| Arlo Technologies, Inc.<sup>(a)</sup> <br>| 4756 | 77047 |
| Arrow Electronics, Inc.<sup>(a)</sup> <br>| 376 | 43616 |
| Avnet, Inc. | 7162 | 379156 |
| Badger Meter, Inc. | 2203 | 415838 |
| Belden, Inc. | 1636 | 202291 |
| Benchmark Electronics, Inc. | 4232 | 162932 |
| Cognex Corp. | 7872 | 320941 |
| Coherent Corp.<sup>(a)</sup> <br>| 7183 | 772891 |
| CTS Corp. | 1540 | 60353 |
| ePlus, Inc.<sup>(a)</sup> <br>| 1051 | 68084 |
| Fabrinet<sup>(a)</sup> <br>| 1483 | 480092 |
| Flex Ltd.<sup>(a)</sup> <br>| 9316 | 464589 |
| Insight Enterprises, Inc.<sup>(a)</sup> <br>| 844 | 100082 |
| IPG Photonics Corp.<sup>(a)</sup> <br>| 718 | 53771 |
| Itron, Inc.<sup>(a)</sup> <br>| 3257 | 405627 |
| Knowles Corp.<sup>(a)</sup> <br>| 5710 | 115970 |
| Littelfuse, Inc. | 250 | 64333 |
| Novanta, Inc.<sup>(a)</sup> <br>| 3082 | 379148 |
| OSI Systems, Inc.<sup>(a)</sup> <br>| 517 | 114262 |
| PC Connection, Inc. | 292 | 17984 |
| Plexus Corp.<sup>(a)</sup> <br>| 2673 | 340807 |
| Sanmina Corp.<sup>(a)</sup> <br>| 2452 | 284530 |
| ScanSource, Inc.<sup>(a)</sup> <br>| 1287 | 49987 |
| TD SYNNEX Corp. | 3207 | 463059 |
| TTM Technologies, Inc.<sup>(a)</sup> <br>| 5989 | 282980 |
| Vishay Intertechnology, Inc. | 6180 | 101290 |
| Vontier Corp. | 7269 | 301445 |
|  |  | 6708008 |
| ***ENERGY EQUIPMENT & SERVICES*** <br> ***- 0.8%***<br>|  |  |
| Archrock, Inc. | 6683 | 156115 |
| Bristow Group, Inc.<sup>(a)</sup> <br>| 1036 | 35815 |
| Cactus, Inc., Class A | 3350 | 141738 |
| Core Laboratories, Inc. | 2630 | 28772 |
| Helix Energy Solutions Group, Inc.<sup>(a)</sup> <br>| 6820 | 40443 |
| Helmerich & Payne, Inc. | 4210 | 68244 |
| Innovex International, Inc.<sup>(a)</sup> <br>| 1791 | 29408 |
| Liberty Energy, Inc. | 5634 | 69524 |
| NOV, Inc. | 18964 | 238567 |
| Oceaneering International, Inc.<sup>(a)</sup> <br>| 4963 | 107697 |
| Patterson-UTI Energy, Inc. | 15877 | 93833 |
| ProPetro Holding Corp.<sup>(a)</sup> <br>| 6670 | 35751 |
| RPC, Inc. | 5720 | 26598 |
| Tidewater, Inc.<sup>(a)</sup> <br>| 2490 | 124525 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Valaris Ltd.<sup>(a)</sup> <br>| 2459 | $119581 |
| Weatherford International PLC | 3840 | 217152 |
|  |  | 1533763 |
| ***ENTERTAINMENT - 0.2%*** |  |  |
| Cinemark Holdings, Inc. | 5505 | 147919 |
| Warner Music Group Corp., Class A | 5110 | 149519 |
|  |  | 297438 |
| ***FINANCIAL SERVICES - 2.3%*** |  |  |
| Equitable Holdings, Inc. | 13609 | 698822 |
| Essent Group Ltd. | 4932 | 276143 |
| Euronet Worldwide, Inc.<sup>(a)</sup> <br>| 1990 | 193388 |
| EVERTEC, Inc. | 3328 | 120307 |
| &nbsp;&nbsp;&nbsp;&nbsp; HA Sustainable Infrastructure Capital, <br> Inc.<br>| 12260 | 318392 |
| Jackson Financial, Inc., Class A | 2988 | 261629 |
| MGIC Investment Corp. | 13981 | 362108 |
| Mr. Cooper Group, Inc.<sup>(a)</sup> <br>| 2910 | 453145 |
| NCR Atleos Corp.<sup>(a)</sup> <br>| 3331 | 101929 |
| NMI Holdings, Inc.<sup>(a)</sup> <br>| 4217 | 157379 |
| Payoneer Global, Inc.<sup>(a)</sup> <br>| 11244 | 73873 |
| Radian Group, Inc. | 5324 | 173616 |
| Shift4 Payments, Inc., Class A<sup>(a)</sup> <br>| 2624 | 270272 |
| Voya Financial, Inc. | 4730 | 331100 |
| Walker & Dunlop, Inc. | 1414 | 106064 |
| Western Union Co. (The) | 17868 | 143837 |
| WEX, Inc.<sup>(a)</sup> <br>| 561 | 95191 |
|  |  | 4137195 |
| ***FOOD PRODUCTS - 1.1%*** |  |  |
| B&G Foods, Inc. | 4180 | 17138 |
| Cal-Maine Foods, Inc. | 2036 | 226281 |
| Darling Ingredients, Inc.<sup>(a)</sup> <br>| 7477 | 242105 |
| Flowers Foods, Inc. | 10684 | 169341 |
| Fresh Del Monte Produce, Inc. | 2440 | 91720 |
| Freshpet, Inc.<sup>(a)</sup> <br>| 1151 | 78636 |
| Ingredion, Inc. | 3535 | 464994 |
| Marzetti Co. (The) | 311 | 55283 |
| Pilgrim's Pride Corp. | 2602 | 123309 |
| Post Holdings, Inc.<sup>(a)</sup> <br>| 2615 | 276693 |
| Simply Good Foods Co. (The)<sup>(a)</sup> <br>| 4622 | 140786 |
| Tootsie Roll Industries, Inc. | 1632 | 61902 |
| TreeHouse Foods, Inc.<sup>(a)</sup> <br>| 2648 | 50895 |
| WK Kellogg Co. | 3278 | 75558 |
|  |  | 2074641 |
| ***GAS UTILITIES - 1.0%*** |  |  |
| MDU Resources Group, Inc. | 10521 | 181487 |
| National Fuel Gas Co. | 4106 | 356360 |
| New Jersey Resources Corp. | 4887 | 224362 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED SMALL-MID CAP FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Northwest Natural Holding Co. | 1790 | $71457 |
| ONE Gas, Inc. | 2678 | 194691 |
| Southwest Gas Holdings, Inc. | 2757 | 215432 |
| Spire, Inc. | 2438 | 181558 |
| UGI Corp. | 10407 | 376525 |
|  |  | 1801872 |
| ***GROUND TRANSPORTATION - 1.4%*** |  |  |
| ArcBest Corp. | 3709 | 271239 |
| Avis Budget Group, Inc.<sup>(a)</sup> <br>| 1927 | 328052 |
| Heartland Express, Inc. | 2983 | 23327 |
| Hertz Global Holdings, Inc.<sup>(a)</sup> <br>| 7458 | 47806 |
| &nbsp;&nbsp;&nbsp;&nbsp; Knight-Swift Transportation Holdings, <br> Inc.<br>| 7539 | 320408 |
| Marten Transport Ltd. | 4069 | 49479 |
| RXO, Inc.<sup>(a)</sup> <br>| 5900 | 91155 |
| Ryder System, Inc. | 2808 | 499010 |
| Saia, Inc.<sup>(a)</sup> <br>| 689 | 208243 |
| Werner Enterprises, Inc. | 3400 | 94248 |
| XPO, Inc.<sup>(a)</sup> <br>| 5297 | 637176 |
|  |  | 2570143 |
| ***HEALTH CARE EQUIPMENT &*** <br> ***SUPPLIES - 2.2%***<br>|  |  |
| Artivion, Inc.<sup>(a)</sup> <br>| 2273 | 70258 |
| Avanos Medical, Inc.<sup>(a)</sup> <br>| 2830 | 31611 |
| CONMED Corp. | 1366 | 69871 |
| DENTSPLY SIRONA, Inc. | 8153 | 116669 |
| Embecta Corp. | 3072 | 31212 |
| Enovis Corp.<sup>(a)</sup> <br>| 2539 | 68045 |
| Envista Holdings Corp.<sup>(a)</sup> <br>| 8891 | 167951 |
| Glaukos Corp.<sup>(a)</sup> <br>| 2864 | 246562 |
| Globus Medical, Inc., Class A<sup>(a)</sup> <br>| 5872 | 309043 |
| Haemonetics Corp.<sup>(a)</sup> <br>| 2756 | 204054 |
| ICU Medical, Inc.<sup>(a)</sup> <br>| 578 | 74221 |
| Inspire Medical Systems, Inc.<sup>(a)</sup> <br>| 1488 | 185315 |
| Integer Holdings Corp.<sup>(a)</sup> <br>| 2072 | 224833 |
| Integra LifeSciences Holdings Corp.<sup>(a)</sup> <br>| 3797 | 49893 |
| Lantheus Holdings, Inc.<sup>(a)</sup> <br>| 3519 | 250518 |
| LeMaitre Vascular, Inc. | 1170 | 95051 |
| LivaNova PLC<sup>(a)</sup> <br>| 2579 | 108808 |
| Masimo Corp.<sup>(a)</sup> <br>| 2023 | 311117 |
| Merit Medical Systems, Inc.<sup>(a)</sup> <br>| 3279 | 278256 |
| Neogen Corp.<sup>(a)</sup> <br>| 10598 | 49281 |
| Omnicell, Inc.<sup>(a)</sup> <br>| 2161 | 67013 |
| Penumbra, Inc.<sup>(a)</sup> <br>| 1622 | 409182 |
| QuidelOrtho Corp.<sup>(a)</sup> <br>| 2248 | 51749 |
| STAAR Surgical Co.<sup>(a)</sup> <br>| 8395 | 150396 |
| Tandem Diabetes Care, Inc.<sup>(a)</sup> <br>| 3127 | 48719 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Teleflex, Inc. | 169 | $20195 |
| TransMedics Group, Inc.<sup>(a)</sup> <br>| 1693 | 201416 |
| UFP Technologies, Inc.<sup>(a)</sup> <br>| 252 | 57050 |
|  |  | 3948289 |
| ***HEALTH CARE PROVIDERS &*** <br> ***SERVICES - 2.0%***<br>|  |  |
| Acadia Healthcare Co., Inc.<sup>(a)</sup> <br>| 4958 | 107936 |
| AdaptHealth Corp.<sup>(a)</sup> <br>| 4790 | 42966 |
| Addus HomeCare Corp.<sup>(a)</sup> <br>| 295 | 31500 |
| Amedisys, Inc.<sup>(a)</sup> <br>| 1887 | 186058 |
| AMN Healthcare Services, Inc.<sup>(a)</sup> <br>| 1763 | 32333 |
| Astrana Health, Inc.<sup>(a)</sup> <br>| 2138 | 51013 |
| Concentra Group Holdings Parent, Inc. | 4802 | 95896 |
| CorVel Corp.<sup>(a)</sup> <br>| 1070 | 94802 |
| Encompass Health Corp. | 5592 | 615735 |
| Ensign Group, Inc. (The) | 3782 | 567300 |
| HealthEquity, Inc.<sup>(a)</sup> <br>| 4133 | 400901 |
| Hims & Hers Health, Inc.<sup>(a)</sup> <br>| 8593 | 568685 |
| National HealthCare Corp. | 569 | 54641 |
| NeoGenomics, Inc.<sup>(a)</sup> <br>| 6252 | 30260 |
| Option Care Health, Inc.<sup>(a)</sup> <br>| 8738 | 256460 |
| Owens & Minor, Inc.<sup>(a)</sup> <br>| 4621 | 32023 |
| Premier, Inc., Class A | 2936 | 63065 |
| Privia Health Group, Inc.<sup>(a)</sup> <br>| 4927 | 96175 |
| Progyny, Inc.<sup>(a)</sup> <br>| 4166 | 97943 |
| RadNet, Inc.<sup>(a)</sup> <br>| 3438 | 188162 |
| Select Medical Holdings Corp. | 5951 | 88015 |
| U.S. Physical Therapy, Inc. | 798 | 58374 |
|  |  | 3760243 |
| ***HEALTH CARE REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 0.6%***<br>|  |  |
| CareTrust REIT, Inc. | 5808 | 184694 |
| Healthcare Realty Trust, Inc. | 9216 | 141558 |
| LTC Properties, Inc. | 2388 | 81288 |
| Omega Healthcare Investors, Inc. | 11613 | 451746 |
| Sabra Health Care REIT, Inc. | 12749 | 229864 |
|  |  | 1089150 |
| ***HEALTH CARE TECHNOLOGY -*** <br> ***0.3%***<br>|  |  |
| Certara, Inc.<sup>(a)</sup> <br>| 5476 | 53884 |
| Doximity, Inc., Class A<sup>(a)</sup> <br>| 5763 | 338576 |
| HealthStream, Inc. | 1710 | 44733 |
| Schrodinger, Inc.<sup>(a)</sup> <br>| 2787 | 56660 |
| Simulations Plus, Inc.<sup>(a)</sup> <br>| 1100 | 14322 |
|  |  | 508175 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED SMALL-MID CAP FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| ***HOTEL & RESORT REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 0.3%***<br>|  |  |
| Apple Hospitality REIT, Inc. | 3788 | $44509 |
| DiamondRock Hospitality Co. | 13625 | 105185 |
| Park Hotels & Resorts, Inc. | 11563 | 123262 |
| Pebblebrook Hotel Trust | 7421 | 74433 |
| Ryman Hospitality Properties, Inc. | 784 | 74527 |
| Summit Hotel Properties, Inc. | 8030 | 41917 |
| Sunstone Hotel Investors, Inc. | 10730 | 93887 |
| Xenia Hotels & Resorts, Inc. | 6067 | 77111 |
|  |  | 634831 |
| ***HOTELS, RESTAURANTS &*** <br> ***LEISURE - 2.1%***<br>|  |  |
| Aramark | 13315 | 566686 |
| Cava Group, Inc.<sup>(a)</sup> <br>| 3998 | 351864 |
| Choice Hotels International, Inc. | 1407 | 179688 |
| Hilton Grand Vacations, Inc.<sup>(a)</sup> <br>| 4052 | 181611 |
| Hyatt Hotels Corp., Class A | 2682 | 378082 |
| Jack in the Box, Inc. | 954 | 18794 |
| Marriott Vacations Worldwide Corp. | 785 | 58459 |
| Papa John's International, Inc. | 1490 | 63191 |
| Planet Fitness, Inc., Class A<sup>(a)</sup> <br>| 4106 | 448334 |
| Pursuit Attractions and Hospitality, Inc.<sup>(a)</sup> <br>| 1079 | 32629 |
| Sabre Corp.<sup>(a)</sup> <br>| 18980 | 57509 |
| Six Flags Entertainment Corp.<sup>(a)</sup> <br>| 4275 | 128079 |
| Travel + Leisure Co. | 3756 | 222543 |
| Vail Resorts, Inc. | 938 | 140944 |
| Wendy's Co. (The) | 11410 | 112388 |
| Wingstop, Inc. | 1283 | 484127 |
| Wyndham Hotels & Resorts, Inc. | 4366 | 375476 |
|  |  | 3800404 |
| ***HOUSEHOLD DURABLES - 1.9%*** |  |  |
| Cavco Industries, Inc.<sup>(a)</sup> <br>| 6 | 2422 |
| Champion Homes, Inc.<sup>(a)</sup> <br>| 621 | 37819 |
| Ethan Allen Interiors, Inc. | 1520 | 45250 |
| Green Brick Partners, Inc.<sup>(a)</sup> <br>| 1527 | 94582 |
| Helen of Troy Ltd.<sup>(a)</sup> <br>| 109 | 2396 |
| Installed Building Products, Inc. | 1138 | 230206 |
| KB Home | 6642 | 367037 |
| La-Z-Boy, Inc. | 2426 | 87263 |
| Leggett & Platt, Inc. | 7766 | 74165 |
| Meritage Homes Corp. | 1940 | 130640 |
| Newell Brands, Inc. | 70745 | 396880 |
| Somnigroup International, Inc. | 5859 | 424075 |
| Sonos, Inc.<sup>(a)</sup> <br>| 6940 | 75021 |
| Taylor Morrison Home Corp.<sup>(a)</sup> <br>| 5181 | 307130 |
| Toll Brothers, Inc. | 5411 | 640446 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| TopBuild Corp.<sup>(a)</sup> <br>| 833 | $308568 |
| Tri Pointe Homes, Inc.<sup>(a)</sup> <br>| 5103 | 157172 |
| Whirlpool Corp. | 1612 | 133861 |
|  |  | 3514933 |
| ***HOUSEHOLD PRODUCTS - 0.1%*** |  |  |
| Central Garden & Pet Co.<sup>(a)</sup> <br>| 165 | 6438 |
| Central Garden & Pet Co., Class A<sup>(a)</sup> <br>| 2847 | 101125 |
| Energizer Holdings, Inc. | 3903 | 87896 |
|  |  | 195459 |
| ***INDEPENDENT POWER AND*** <br> ***RENEWABLE ELECTRICITY*** <br> ***PRODUCERS - 0.2%***<br>|  |  |
| Clearway Energy, Inc., Class A | 389 | 11974 |
| Clearway Energy, Inc., Class C | 2670 | 87122 |
| Ormat Technologies, Inc. | 2749 | 245788 |
|  |  | 344884 |
| ***INDUSTRIAL REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 0.8%***<br>|  |  |
| EastGroup Properties, Inc. | 1747 | 285180 |
| First Industrial Realty Trust, Inc. | 6694 | 326132 |
| Innovative Industrial Properties, Inc. | 665 | 34381 |
| LXP Industrial Trust | 15915 | 123500 |
| Rexford Industrial Realty, Inc. | 10410 | 380277 |
| STAG Industrial, Inc. | 6503 | 223248 |
|  |  | 1372718 |
| ***INSURANCE - 3.6%*** |  |  |
| American Financial Group, Inc. | 2813 | 351344 |
| AMERISAFE, Inc. | 926 | 41466 |
| Assured Guaranty Ltd. | 1295 | 109531 |
| Brighthouse Financial, Inc.<sup>(a)</sup> <br>| 878 | 42012 |
| CNO Financial Group, Inc. | 6207 | 228666 |
| Employers Holdings, Inc. | 1234 | 50940 |
| Fidelity National Financial, Inc. | 12575 | 709607 |
| First American Financial Corp. | 4725 | 283736 |
| Genworth Financial, Inc.<sup>(a)</sup> <br>| 26922 | 211607 |
| Goosehead Insurance, Inc., Class A | 1344 | 122183 |
| Hanover Insurance Group, Inc. (The) | 1137 | 195143 |
| HCI Group, Inc. | 365 | 51115 |
| Horace Mann Educators Corp. | 2091 | 88930 |
| Kemper Corp. | 2787 | 171651 |
| Kinsale Capital Group, Inc. | 822 | 362247 |
| Lincoln National Corp. | 6562 | 250078 |
| Mercury General Corp. | 1329 | 92033 |
| Old Republic International Corp. | 13685 | 494986 |
| Palomar Holdings, Inc.<sup>(a)</sup> <br>| 1393 | 184559 |
| Primerica, Inc. | 174 | 46220 |
| ProAssurance Corp.<sup>(a)</sup> <br>| 3130 | 74369 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED SMALL-MID CAP FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Reinsurance Group of America, Inc. | 1505 | $289637 |
| RenaissanceRe Holdings Ltd. | 1148 | 279814 |
| RLI Corp. | 5854 | 386305 |
| Ryan Specialty Holdings, Inc. | 5414 | 331283 |
| Safety Insurance Group, Inc. | 145 | 10201 |
| Selective Insurance Group, Inc. | 3355 | 261589 |
| SiriusPoint Ltd.<sup>(a)</sup> <br>| 6324 | 124014 |
| Stewart Information Services Corp. | 1261 | 81877 |
| Trupanion, Inc.<sup>(a)</sup> <br>| 1576 | 74718 |
| United Fire Group, Inc. | 1440 | 38232 |
| Unum Group | 8208 | 589416 |
|  |  | 6629509 |
| ***INTERACTIVE MEDIA & SERVICES*** <br> ***- 0.5%***<br>|  |  |
| Angi, Inc.<sup>(a)</sup> <br>| 1617 | 26228 |
| Cargurus, Inc.<sup>(a)</sup> <br>| 4013 | 131707 |
| Cars.com, Inc.<sup>(a)</sup> <br>| 3584 | 46126 |
| IAC, Inc.<sup>(a)</sup> <br>| 3081 | 121083 |
| QuinStreet, Inc.<sup>(a)</sup> <br>| 2979 | 48885 |
| Shutterstock, Inc. | 1308 | 25061 |
| TripAdvisor, Inc.<sup>(a)</sup> <br>| 5943 | 103943 |
| Yelp, Inc.<sup>(a)</sup> <br>| 3325 | 114480 |
| Ziff Davis, Inc.<sup>(a)</sup> <br>| 1851 | 57603 |
| ZoomInfo Technologies, Inc.<sup>(a)</sup> <br>| 15048 | 162970 |
|  |  | 838086 |
| ***IT SERVICES - 0.7%*** |  |  |
| ASGN, Inc.<sup>(a)</sup> <br>| 1796 | 90051 |
| DigitalOcean Holdings, Inc.<sup>(a)</sup> <br>| 2505 | 69789 |
| DXC Technology Co.<sup>(a)</sup> <br>| 7713 | 104974 |
| Kyndryl Holdings, Inc.<sup>(a)</sup> <br>| 10788 | 407463 |
| Okta, Inc.<sup>(a)</sup> <br>| 6630 | 648414 |
|  |  | 1320691 |
| ***LEISURE PRODUCTS - 0.7%*** |  |  |
| Brunswick Corp. | 1970 | 114831 |
| Mattel, Inc.<sup>(a)</sup> <br>| 17908 | 304615 |
| Polaris, Inc. | 1831 | 96878 |
| Topgolf Callaway Brands Corp.<sup>(a)</sup> <br>| 34895 | 322779 |
| YETI Holdings, Inc.<sup>(a)</sup> <br>| 9698 | 356305 |
|  |  | 1195408 |
| ***LIFE SCIENCES TOOLS &*** <br> ***SERVICES - 1.2%***<br>|  |  |
| Avantor, Inc.<sup>(a)</sup> <br>| 30088 | 404383 |
| Azenta, Inc.<sup>(a)</sup> <br>| 2635 | 86164 |
| BioLife Solutions, Inc.<sup>(a)</sup> <br>| 1960 | 41669 |
| Bio-Rad Laboratories, Inc., Class A<sup>(a)</sup> <br>| 65 | 15727 |
| Bruker Corp. | 4935 | 189652 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Cytek Biosciences, Inc.<sup>(a)</sup> <br>| 3965 | $14274 |
| Fortrea Holdings, Inc.<sup>(a)</sup> <br>| 4120 | 23649 |
| Illumina, Inc.<sup>(a)</sup> <br>| 7187 | 738177 |
| Medpace Holdings, Inc.<sup>(a)</sup> <br>| 949 | 405413 |
| Repligen Corp.<sup>(a)</sup> <br>| 2545 | 297943 |
| Sotera Health Co.<sup>(a)</sup> <br>| 6430 | 73881 |
|  |  | 2290932 |
| ***MACHINERY - 5.3%*** |  |  |
| AGCO Corp. | 2559 | 301885 |
| Albany International Corp., Class A | 1241 | 67250 |
| Astec Industries, Inc. | 725 | 28754 |
| Chart Industries, Inc.<sup>(a)</sup> <br>| 1882 | 374198 |
| CNH Industrial N.V. | 66155 | 857369 |
| Crane Co. | 2625 | 513896 |
| Donaldson Co., Inc. | 5434 | 391085 |
| Enerpac Tool Group Corp. | 2818 | 108521 |
| Enpro, Inc. | 467 | 99196 |
| Esab Corp. | 2878 | 386141 |
| ESCO Technologies, Inc. | 1369 | 265175 |
| Federal Signal Corp. | 2879 | 364395 |
| Flowserve Corp. | 6196 | 347224 |
| Franklin Electric Co., Inc. | 1851 | 173902 |
| Gates Industrial Corp. PLC<sup>(a)</sup> <br>| 1479 | 36679 |
| Graco, Inc. | 7682 | 645134 |
| Greenbrier Cos., Inc. (The) | 819 | 37265 |
| Hillenbrand, Inc. | 3375 | 69896 |
| ITT, Inc. | 4171 | 708903 |
| JBT Marel Corp. | 1428 | 196778 |
| Kadant, Inc. | 36 | 11980 |
| Kennametal, Inc. | 3900 | 96564 |
| Lincoln Electric Holdings, Inc. | 2004 | 487974 |
| Lindsay Corp. | 31 | 4232 |
| Middleby Corp. (The)<sup>(a)</sup> <br>| 2220 | 322344 |
| Mueller Industries, Inc. | 5305 | 452888 |
| Oshkosh Corp. | 2317 | 293170 |
| Proto Labs, Inc.<sup>(a)</sup> <br>| 977 | 42128 |
| RBC Bearings, Inc.<sup>(a)</sup> <br>| 1160 | 449314 |
| SPX Technologies, Inc.<sup>(a)</sup> <br>| 2531 | 461629 |
| Tennant Co. | 415 | 34254 |
| Terex Corp. | 3021 | 153648 |
| Timken Co. (The) | 2949 | 224389 |
| Titan International, Inc.<sup>(a)</sup> <br>| 3580 | 30287 |
| Toro Co. (The) | 5073 | 376670 |
| Trinity Industries, Inc. | 3984 | 92827 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED SMALL-MID CAP FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Watts Water Technologies, Inc., Class A | 643 | $168672 |
| Worthington Enterprises, Inc. | 1610 | 99772 |
|  |  | 9776388 |
| ***MARINE TRANSPORTATION - 0.2%*** |  |  |
| Kirby Corp.<sup>(a)</sup> <br>| 2197 | 209396 |
| Matson, Inc. | 1194 | 127495 |
|  |  | 336891 |
| ***MEDIA - 0.8%*** |  |  |
| Cable One, Inc. | 1607 | 205664 |
| DoubleVerify Holdings, Inc.<sup>(a)</sup> <br>| 7169 | 109829 |
| EchoStar Corp., Class A<sup>(a)</sup> <br>| 5304 | 172857 |
| John Wiley & Sons, Inc., Class A | 1876 | 72414 |
| New York Times Co. (The), Class A | 7728 | 401006 |
| Scholastic Corp. | 940 | 23190 |
| TechTarget, Inc.<sup>(a)</sup> <br>| 1596 | 11555 |
| TEGNA, Inc. | 27820 | 464594 |
| Thryv Holdings, Inc.<sup>(a)</sup> <br>| 2106 | 27715 |
|  |  | 1488824 |
| ***METALS & MINING - 1.7%*** |  |  |
| Alcoa Corp. | 10874 | 325894 |
| Carpenter Technology Corp. | 2376 | 592551 |
| Century Aluminum Co.<sup>(a)</sup> <br>| 3330 | 70529 |
| Cleveland-Cliffs, Inc.<sup>(a)</sup> <br>| 22988 | 241834 |
| Commercial Metals Co. | 5259 | 272732 |
| Kaiser Aluminum Corp. | 41 | 3170 |
| Materion Corp. | 360 | 37908 |
| Metallus, Inc.<sup>(a)</sup> <br>| 2495 | 39421 |
| MP Materials Corp.<sup>(a)</sup> <br>| 6319 | 388618 |
| Reliance, Inc. | 1567 | 454634 |
| Royal Gold, Inc. | 2944 | 445780 |
| SunCoke Energy, Inc. | 6340 | 46853 |
| Warrior Met Coal, Inc. | 2532 | 130094 |
| Worthington Steel, Inc. | 1610 | 49137 |
|  |  | 3099155 |
| ***MORTGAGE REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 0.6%***<br>|  |  |
| Annaly Capital Management, Inc. | 24528 | 498654 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apollo Commercial Real Estate Finance, <br> Inc.<br>| 9200 | 88504 |
| Arbor Realty Trust, Inc. | 4855 | 54182 |
| ARMOUR Residential REIT, Inc. | 716 | 11678 |
| Blackstone Mortgage Trust, Inc., Class A | 4060 | 75029 |
| Ellington Financial, Inc. | 2800 | 35532 |
| Franklin BSP Realty Trust, Inc. | 3716 | 37532 |
| KKR Real Estate Finance Trust, Inc. | 3250 | 29380 |
| New York Mortgage Trust, Inc. | 5642 | 35714 |
| Pennymac Mortgage Investment Trust | 5780 | 68146 |
| Ready Capital Corp. | 4730 | 19913 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Redwood Trust, Inc. | 7420 | $40513 |
| Starwood Property Trust, Inc. | 6902 | 134313 |
| Two Harbors Investment Corp. | 4867 | 47453 |
|  |  | 1176543 |
| ***MULTI-UTILITIES - 0.3%*** |  |  |
| Avista Corp. | 3990 | 148827 |
| Black Hills Corp. | 2989 | 172705 |
| Northwestern Energy Group, Inc. | 2762 | 148319 |
| Unitil Corp. | 680 | 35074 |
|  |  | 504925 |
| ***OFFICE REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 0.8%***<br>|  |  |
| Brandywine Realty Trust | 27490 | 109960 |
| COPT Defense Properties | 6968 | 190087 |
| Cousins Properties, Inc. | 2430 | 65853 |
| Douglas Emmett, Inc. | 10483 | 158922 |
| Easterly Government Properties, Inc. | 2016 | 44352 |
| Highwoods Properties, Inc. | 5737 | 166430 |
| JBG Smith Properties | 5783 | 122484 |
| Kilroy Realty Corp. | 5332 | 196538 |
| SL Green Realty Corp. | 3153 | 180509 |
| Vornado Realty Trust | 7725 | 296795 |
|  |  | 1531930 |
| ***OIL, GAS & CONSUMABLE FUELS -*** <br> ***2.8%***<br>|  |  |
| Antero Midstream Corp. | 17502 | 321162 |
| Antero Resources Corp.<sup>(a)</sup> <br>| 13824 | 482872 |
| California Resources Corp. | 3056 | 147238 |
| Chord Energy Corp. | 153 | 16880 |
| Civitas Resources, Inc. | 5196 | 157751 |
| CNX Resources Corp.<sup>(a)</sup> <br>| 7616 | 230841 |
| Comstock Resources, Inc.<sup>(a)</sup> <br>| 5170 | 92388 |
| Core Natural Resources, Inc. | 2389 | 176332 |
| CVR Energy, Inc. | 1679 | 44964 |
| Dorian LPG Ltd. | 1830 | 52686 |
| DT Midstream, Inc. | 5970 | 613298 |
| Expand Energy Corp. | 1 | 105 |
| HF Sinclair Corp. | 6896 | 303010 |
| Magnolia Oil & Gas Corp., Class A | 4800 | 114336 |
| Matador Resources Co. | 5870 | 292796 |
| Murphy Oil Corp. | 7254 | 179972 |
| Northern Oil & Gas, Inc. | 3706 | 104361 |
| Ovintiv, Inc. | 11536 | 475052 |
| Par Pacific Holdings, Inc.<sup>(a)</sup> <br>| 2874 | 90186 |
| PBF Energy, Inc., Class A | 4947 | 111802 |
| Peabody Energy Corp. | 5250 | 84787 |
| Permian Resources Corp. | 20963 | 296836 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED SMALL-MID CAP FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Range Resources Corp. | 11315 | $415487 |
| REX American Resources Corp.<sup>(a)</sup> <br>| 830 | 43392 |
| SM Energy Co. | 5596 | 154394 |
| Talos Energy, Inc.<sup>(a)</sup> <br>| 4529 | 38723 |
| Viper Energy, Inc. | 929 | 34986 |
| Vital Energy, Inc.<sup>(a)</sup> <br>| 997 | 18634 |
| World Kinect Corp. | 3267 | 89091 |
|  |  | 5184362 |
| ***PAPER & FOREST PRODUCTS - 0.2%*** |  |  |
| Louisiana-Pacific Corp. | 3244 | 293290 |
| Sylvamo Corp. | 1659 | 76430 |
|  |  | 369720 |
| ***PASSENGER AIRLINES - 0.4%*** |  |  |
| Alaska Air Group, Inc.<sup>(a)</sup> <br>| 5615 | 297370 |
| Allegiant Travel Co.<sup>(a)</sup> <br>| 603 | 31139 |
| JetBlue Airways Corp.<sup>(a)</sup> <br>| 20350 | 90354 |
| SkyWest, Inc.<sup>(a)</sup> <br>| 1884 | 218469 |
| Sun Country Airlines Holdings, Inc.<sup>(a)</sup> <br>| 2350 | 27236 |
|  |  | 664568 |
| ***PERSONAL CARE PRODUCTS - 0.5%*** |  |  |
| BellRing Brands, Inc.<sup>(a)</sup> <br>| 6423 | 350567 |
| Coty, Inc., Class A<sup>(a)</sup> <br>| 19814 | 96098 |
| Edgewell Personal Care Co. | 2672 | 67415 |
| elf Beauty, Inc.<sup>(a)</sup> <br>| 2674 | 324062 |
| Interparfums, Inc. | 1051 | 126751 |
| USANA Health Sciences, Inc.<sup>(a)</sup> <br>| 426 | 12520 |
|  |  | 977413 |
| ***PHARMACEUTICALS - 0.7%*** |  |  |
| Amphastar Pharmaceuticals, Inc.<sup>(a)</sup> <br>| 2141 | 44854 |
| Collegium Pharmaceutical, Inc.<sup>(a)</sup> <br>| 1804 | 53867 |
| Harmony Biosciences Holdings, Inc.<sup>(a)</sup> <br>| 1869 | 65751 |
| Innoviva, Inc.<sup>(a)</sup> <br>| 4480 | 81402 |
| Jazz Pharmaceuticals PLC<sup>(a)</sup> <br>| 2776 | 318213 |
| Ligand Pharmaceuticals, Inc.<sup>(a)</sup> <br>| 980 | 128948 |
| Organon & Co. | 10378 | 100667 |
| Pacira BioSciences, Inc.<sup>(a)</sup> <br>| 2555 | 53885 |
| Perrigo Co. PLC | 6447 | 171942 |
| Phibro Animal Health Corp., Class A | 1400 | 37100 |
| Prestige Consumer Healthcare, Inc.<sup>(a)</sup> <br>| 2455 | 181547 |
| Supernus Pharmaceuticals, Inc.<sup>(a)</sup> <br>| 2842 | 99754 |
|  |  | 1337930 |
| ***PROFESSIONAL SERVICES - 2.1%*** |  |  |
| CACI International, Inc., Class A<sup>(a)</sup> <br>| 572 | 263446 |
| Concentrix Corp. | 1862 | 96768 |
| CSG Systems International, Inc. | 1408 | 87944 |
| ExlService Holdings, Inc.<sup>(a)</sup> <br>| 14106 | 612623 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Exponent, Inc. | 2707 | $186675 |
| FTI Consulting, Inc.<sup>(a)</sup> <br>| 327 | 54396 |
| Genpact Ltd. | 8292 | 365263 |
| Heidrick & Struggles International, Inc. | 1020 | 45421 |
| Insperity, Inc. | 1898 | 113083 |
| KBR, Inc. | 9903 | 462866 |
| Korn Ferry | 2409 | 170726 |
| ManpowerGroup, Inc. | 1807 | 74539 |
| Maximus, Inc. | 3001 | 221654 |
| NV5 Global, Inc.<sup>(a)</sup> <br>| 2236 | 50198 |
| Paylocity Holding Corp.<sup>(a)</sup> <br>| 1909 | 352936 |
| Robert Half, Inc. | 9342 | 344813 |
| Science Applications International Corp. | 1354 | 150944 |
| Verra Mobility Corp.<sup>(a)</sup> <br>| 6277 | 158557 |
|  |  | 3812852 |
| ***REAL ESTATE MANAGEMENT &*** <br> ***DEVELOPMENT - 0.7%***<br>|  |  |
| Cushman & Wakefield PLC<sup>(a)</sup> <br>| 30764 | 375013 |
| eXp World Holdings, Inc. | 4815 | 51906 |
| Jones Lang LaSalle, Inc.<sup>(a)</sup> <br>| 2728 | 737542 |
| Kennedy-Wilson Holdings, Inc. | 1256 | 9194 |
| Marcus & Millichap, Inc. | 1616 | 50354 |
| St Joe Co. (The) | 2104 | 106252 |
|  |  | 1330261 |
| ***RESIDENTIAL REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 0.8%***<br>|  |  |
| American Homes 4 Rent, Class A | 14762 | 512094 |
| Centerspace | 121 | 6586 |
| Elme Communities | 5140 | 77511 |
| Equity LifeStyle Properties, Inc. | 10071 | 603454 |
| Independence Realty Trust, Inc. | 12600 | 211302 |
| NexPoint Residential Trust, Inc. | 1400 | 43652 |
| Veris Residential, Inc. | 4646 | 65416 |
|  |  | 1520015 |
| ***RETAIL REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 1.3%***<br>|  |  |
| Acadia Realty Trust | 5897 | 110392 |
| Agree Realty Corp. | 6056 | 434215 |
| Brixmor Property Group, Inc. | 17367 | 453800 |
| Getty Realty Corp. | 2470 | 68641 |
| Kite Realty Group Trust | 12405 | 272662 |
| Macerich Co. (The) | 11856 | 198114 |
| NNN REIT, Inc. | 9364 | 386359 |
| Phillips Edison & Co., Inc. | 4066 | 137390 |
| Saul Centers, Inc. | 865 | 27870 |
| SITE Centers Corp. | 2782 | 29962 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED SMALL-MID CAP FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Tanger, Inc. | 5720 | $171714 |
| Urban Edge Properties | 6590 | 129955 |
| Whitestone REIT | 1040 | 12678 |
|  |  | 2433752 |
| ***SEMICONDUCTORS &*** <br> ***SEMICONDUCTOR EQUIPMENT -*** <br> ***2.6%***<br>|  |  |
| Allegro MicroSystems, Inc.<sup>(a)</sup> <br>| 3598 | 113013 |
| Alpha & Omega Semiconductor Ltd.<sup>(a)</sup> <br>| 1300 | 33111 |
| Amkor Technology, Inc. | 4859 | 109619 |
| Axcelis Technologies, Inc.<sup>(a)</sup> <br>| 1637 | 110809 |
| CEVA, Inc.<sup>(a)</sup> <br>| 1008 | 21541 |
| Cirrus Logic, Inc.<sup>(a)</sup> <br>| 2480 | 249761 |
| Cohu, Inc.<sup>(a)</sup> <br>| 2700 | 48222 |
| Diodes, Inc.<sup>(a)</sup> <br>| 1913 | 94445 |
| Entegris, Inc. | 5048 | 396066 |
| FormFactor, Inc.<sup>(a)</sup> <br>| 3495 | 99293 |
| Ichor Holdings Ltd.<sup>(a)</sup> <br>| 1667 | 32990 |
| Impinj, Inc.<sup>(a)</sup> <br>| 1175 | 181631 |
| Kulicke & Soffa Industries, Inc. | 2771 | 90778 |
| Lattice Semiconductor Corp.<sup>(a)</sup> <br>| 6289 | 313381 |
| &nbsp;&nbsp;&nbsp;&nbsp; MACOM Technology Solutions <br> Holdings, Inc.<sup>(a)</sup> <br>| 2836 | 388929 |
| MaxLinear, Inc.<sup>(a)</sup> <br>| 3734 | 59072 |
| MKS, Inc. | 3125 | 297437 |
| Onto Innovation, Inc.<sup>(a)</sup> <br>| 2546 | 241233 |
| PDF Solutions, Inc.<sup>(a)</sup> <br>| 1850 | 41126 |
| Photronics, Inc.<sup>(a)</sup> <br>| 3154 | 64215 |
| Power Integrations, Inc. | 2417 | 117273 |
| Qorvo, Inc.<sup>(a)</sup> <br>| 2006 | 167702 |
| Rambus, Inc.<sup>(a)</sup> <br>| 5023 | 371350 |
| Semtech Corp.<sup>(a)</sup> <br>| 2918 | 149110 |
| Silicon Laboratories, Inc.<sup>(a)</sup> <br>| 1391 | 183292 |
| SiTime Corp.<sup>(a)</sup> <br>| 910 | 184593 |
| SolarEdge Technologies, Inc.<sup>(a)</sup> <br>| 2568 | 65895 |
| Synaptics, Inc.<sup>(a)</sup> <br>| 1465 | 91856 |
| Ultra Clean Holdings, Inc.<sup>(a)</sup> <br>| 2260 | 50895 |
| Universal Display Corp. | 1974 | 285046 |
| Veeco Instruments, Inc.<sup>(a)</sup> <br>| 2824 | 58683 |
|  |  | 4712367 |
| ***SOFTWARE - 3.9%*** |  |  |
| A10 Networks, Inc. | 3800 | 69996 |
| ACI Worldwide, Inc.<sup>(a)</sup> <br>| 5210 | 221738 |
| Adeia, Inc. | 6255 | 81002 |
| Alarm.com Holdings, Inc.<sup>(a)</sup> <br>| 2428 | 132642 |
| Appfolio, Inc., Class A<sup>(a)</sup> <br>| 887 | 237166 |
| BILL Holdings, Inc.<sup>(a)</sup> <br>| 3476 | 148947 |
| Blackbaud, Inc.<sup>(a)</sup> <br>| 1975 | 133154 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| BlackLine, Inc.<sup>(a)</sup> <br>| 2414 | $129825 |
| Box, Inc., Class A<sup>(a)</sup> <br>| 6011 | 192953 |
| Cleanspark, Inc.<sup>(a)</sup> <br>| 1035 | 11768 |
| Commvault Systems, Inc.<sup>(a)</sup> <br>| 2837 | 538888 |
| DocuSign, Inc.<sup>(a)</sup> <br>| 7629 | 577057 |
| Dolby Laboratories, Inc., Class A | 3301 | 248697 |
| Dropbox, Inc., Class A<sup>(a)</sup> <br>| 11416 | 310173 |
| Dynatrace, Inc.<sup>(a)</sup> <br>| 16146 | 849441 |
| Guidewire Software, Inc.<sup>(a)</sup> <br>| 4374 | 989486 |
| InterDigital, Inc. | 1754 | 452883 |
| LiveRamp Holdings, Inc.<sup>(a)</sup> <br>| 3270 | 107321 |
| Manhattan Associates, Inc.<sup>(a)</sup> <br>| 2730 | 599672 |
| MARA Holdings, Inc.<sup>(a)</sup> <br>| 12895 | 207352 |
| N-able, Inc.<sup>(a)</sup> <br>| 4301 | 34752 |
| NCR Voyix Corp.<sup>(a)</sup> <br>| 7319 | 99685 |
| Pegasystems, Inc. | 813 | 47731 |
| Progress Software Corp. | 2297 | 110440 |
| Qualys, Inc.<sup>(a)</sup> <br>| 1669 | 222094 |
| Sprinklr, Inc., Class A<sup>(a)</sup> <br>| 3770 | 33968 |
| SPS Commerce, Inc.<sup>(a)</sup> <br>| 1848 | 201182 |
| Teradata Corp.<sup>(a)</sup> <br>| 4697 | 98308 |
|  |  | 7088321 |
| ***SPECIALIZED REAL ESTATE*** <br> ***INVESTMENT TRUSTS - 1.1%***<br>|  |  |
| CubeSmart | 10861 | 422601 |
| EPR Properties | 3217 | 177064 |
| Four Corners Property Trust, Inc. | 5596 | 141243 |
| Lamar Advertising Co., Class A | 4287 | 524086 |
| National Storage Affiliates Trust | 3900 | 114894 |
| Outfront Media, Inc. | 8533 | 149583 |
| PotlatchDeltic Corp. | 3888 | 158980 |
| Rayonier, Inc. | 7686 | 179161 |
| Safehold, Inc. | 2623 | 36696 |
| Uniti Group, Inc.<sup>(a)</sup> <br>| 28881 | 153647 |
|  |  | 2057955 |
| ***SPECIALTY RETAIL - 3.7%*** |  |  |
| Abercrombie & Fitch Co., Class A<sup>(a)</sup> <br>| 2151 | 206539 |
| Academy Sports & Outdoors, Inc. | 4850 | 246332 |
| Advance Auto Parts, Inc. | 2992 | 158786 |
| American Eagle Outfitters, Inc. | 9494 | 102535 |
| Asbury Automotive Group, Inc.<sup>(a)</sup> <br>| 40 | 8885 |
| AutoNation, Inc.<sup>(a)</sup> <br>| 2070 | 398765 |
| Bath & Body Works, Inc. | 15726 | 455425 |
| Boot Barn Holdings, Inc.<sup>(a)</sup> <br>| 1349 | 231893 |
| Buckle, Inc. (The) | 1441 | 71142 |
| Burlington Stores, Inc.<sup>(a)</sup> <br>| 1833 | 500336 |
| Caleres, Inc. | 1417 | 19455 |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED SMALL-MID CAP FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Chewy, Inc., Class A<sup>(a)</sup> <br>| 5869 | $215392 |
| Dick's Sporting Goods, Inc. | 1911 | 404196 |
| Five Below, Inc.<sup>(a)</sup> <br>| 2209 | 301573 |
| Floor & Decor Holdings, Inc.<sup>(a)</sup> <br>| 5527 | 423589 |
| Foot Locker, Inc.<sup>(a)</sup> <br>| 5696 | 142628 |
| GameStop Corp., Class A<sup>(a)</sup> <br>| 15466 | 347212 |
| Gap, Inc. (The) | 10240 | 199270 |
| Group 1 Automotive, Inc. | 998 | 411326 |
| Guess?, Inc. | 1790 | 23270 |
| Lithia Motors, Inc. | 1772 | 510336 |
| MarineMax, Inc.<sup>(a)</sup> <br>| 752 | 17055 |
| Monro, Inc. | 835 | 11769 |
| National Vision Holdings, Inc.<sup>(a)</sup> <br>| 7128 | 172925 |
| Penske Automotive Group, Inc. | 211 | 35324 |
| RH<sup>(a)</sup> <br>| 99 | 20356 |
| Sally Beauty Holdings, Inc.<sup>(a)</sup> <br>| 6182 | 60213 |
| Shoe Carnival, Inc. | 874 | 17882 |
| Signet Jewelers Ltd. | 4261 | 337045 |
| Sonic Automotive, Inc., Class A | 564 | 40805 |
| Upbound Group, Inc. | 2355 | 48596 |
| Urban Outfitters, Inc.<sup>(a)</sup> <br>| 2780 | 209278 |
| Valvoline, Inc.<sup>(a)</sup> <br>| 12776 | 450354 |
| Victoria's Secret & Co.<sup>(a)</sup> <br>| 3394 | 63807 |
|  |  | 6864294 |
| ***TECHNOLOGY HARDWARE,*** <br> ***STORAGE & PERIPHERALS -*** <br> ***0.6%***<br>|  |  |
| Corsair Gaming, Inc.<sup>(a)</sup> <br>| 2360 | 21381 |
| Pure Storage, Inc., Class A<sup>(a)</sup> <br>| 15702 | 934583 |
| Sandisk Corp.<sup>(a)</sup> <br>| 3687 | 158246 |
| Xerox Holdings Corp. | 4997 | 20238 |
|  |  | 1134448 |
| ***TEXTILES, APPAREL & LUXURY*** <br> ***GOODS - 1.0%***<br>|  |  |
| Capri Holdings Ltd.<sup>(a)</sup> <br>| 5083 | 92460 |
| Carter's, Inc. | 9147 | 221723 |
| Columbia Sportswear Co. | 439 | 24834 |
| Crocs, Inc.<sup>(a)</sup> <br>| 2244 | 223794 |
| G-III Apparel Group Ltd.<sup>(a)</sup> <br>| 1549 | 36556 |
| Hanesbrands, Inc.<sup>(a)</sup> <br>| 19557 | 79988 |
| Kontoor Brands, Inc. | 2431 | 135310 |
| PVH Corp. | 142 | 10426 |
| Skechers USA, Inc., Class A<sup>(a)</sup> <br>| 6153 | 389177 |
| Steven Madden Ltd. | 3687 | 88507 |
| Under Armour, Inc., Class A<sup>(a)</sup> <br>| 13750 | 91300 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Under Armour, Inc., Class C<sup>(a)</sup> <br>| 6490 | $40887 |
| VF Corp. | 31297 | 366801 |
| Wolverine World Wide, Inc. | 4373 | 98742 |
|  |  | 1900505 |
| ***TRADING COMPANIES &*** <br> ***DISTRIBUTORS - 1.7%***<br>|  |  |
| Air Lease Corp. | 4321 | 239384 |
| Applied Industrial Technologies, Inc. | 1698 | 461007 |
| Boise Cascade Co. | 1979 | 165860 |
| Core & Main, Inc., Class A<sup>(a)</sup> <br>| 8378 | 533176 |
| DNOW, Inc.<sup>(a)</sup> <br>| 5170 | 80445 |
| DXP Enterprises, Inc.<sup>(a)</sup> <br>| 569 | 64445 |
| GATX Corp. | 128 | 19544 |
| GMS, Inc.<sup>(a)</sup> <br>| 1860 | 203931 |
| MSC Industrial Direct Co., Inc., Class A | 1921 | 166397 |
| Rush Enterprises, Inc., Class A | 2267 | 122735 |
| Watsco, Inc. | 1151 | 518963 |
| WESCO International, Inc. | 2793 | 578039 |
|  |  | 3153926 |
| ***WATER UTILITIES - 0.5%*** |  |  |
| American States Water Co. | 2280 | 167785 |
| California Water Service Group | 2900 | 131863 |
| Essential Utilities, Inc. | 12921 | 475493 |
| H2O America | 1328 | 64129 |
| Middlesex Water Co. | 615 | 31734 |
|  |  | 871004 |
| ***WIRELESS TELECOMMUNICATION*** <br> ***SERVICES - 0.1%***<br>|  |  |
| Gogo, Inc.<sup>(a)</sup> <br>| 3880 | 61537 |
| Telephone and Data Systems, Inc. | 4938 | 192779 |
|  |  | 254316 |
| **TOTAL COMMON STOCKS** <br>**(COST $168,911,075)**<br>|  | 183064230 |
| **RIGHTS - 0.0%** | **RIGHTS - 0.0%** | **RIGHTS - 0.0%** |
| ***BIOTECHNOLOGY - 0.0%*** | ***BIOTECHNOLOGY - 0.0%*** | ***BIOTECHNOLOGY - 0.0%*** |
| Omniab, Inc.<sup>(a)(b)(c)</sup> <br>| 367 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Omniab, Inc. (NASDAQ <br> Exchange)<sup>(a)(b)(c)</sup> <br>| 367 |  |
| **TOTAL RIGHTS** <br>**(COST $—)**<br>|  |  |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**SCHEDULE OF INVESTMENTS — July 31, 2025 (Unaudited)**

**STEWARD VALUES ENHANCED SMALL-MID CAP FUND**

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 0.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 0.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MONEY MARKET FUND - 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio <br> (Premier Class), 4.15%<sup>(d)</sup> <br>| 153840 | $153840 |
| **TOTAL MONEY MARKET FUND** <br>**(COST $153,840)**<br>|  | 153840 |
| **TOTAL INVESTMENTS** <br>**(COST $169,064,915) - 99.6%**<br>|  | 183218070 |
| **OTHER ASSETS IN EXCESS OF** <br> **LIABILITIES - 0.4%**<br>|  | 649723 |
| **NET ASSETS - 100.0%** |  | $183867793 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Security is a Level 3 investment and was valued using significant unobservable inputs as of period end. 

<sup>(c)</sup> Amounts denoted as ''—'' are less than $0.50.

<sup>(d)</sup> 7-day current yield as of July 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| N.V. — Naamloze Vennootschap |
| NASDAQ — National Association of Securities Dealers Automated <br> Quotation<br>|
| PLC — Public Limited Company |
| REIT — Real Estate Investment Trust |

---

**See Notes to Schedule of Investments.**

------

**STEWARD FUNDS**

**NOTES TO SCHEDULES OF INVESTMENTS — July 31, 2025 (Unaudited)**

------

**Note 1 — Additional Valuation Information:**

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 the Adviser's valuation procedures, 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. 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.

The following table presents a summary of inputs used to value the Funds' investments as of July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investments in Securities** | **Investments in Securities** | **Investments in Securities** | **Investments in Securities** |
| **Fund** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **Total** |
| **Steward Covered Call Income Fund** |  |  |  |  |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Security Type |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks\* | &nbsp;&nbsp; $105007644 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $105007644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Fund | &nbsp;&nbsp; 1282849 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1282849 |
| **Total Assets - Investments** | &nbsp;&nbsp; **$106290493** | &nbsp;&nbsp; **$** <br> **—** | &nbsp;&nbsp; **$** <br> **—** | &nbsp;&nbsp; **$106290493** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Liabilities:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Financial Instruments |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written Call Options | &nbsp;&nbsp; $(4238401)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(4238401)<br>|
| **Total Liabilities - Other Financial** <br> **Instruments**<br>| &nbsp;&nbsp; **$(4238401)**<br>| &nbsp;&nbsp; **$** <br> **—** | &nbsp;&nbsp; **$(4238401)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Steward Equity Market Neutral Fund** |  |  |  |
| **Assets:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Security Type |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks\* | &nbsp;&nbsp; $101034553 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $101034553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Fund | &nbsp;&nbsp; 9180349 | &nbsp;&nbsp; — | &nbsp;&nbsp; 9180349 |
| **Total Assets - Investments** | &nbsp;&nbsp; **$110214902** | &nbsp;&nbsp; **$** <br> **—** | &nbsp;&nbsp; **$110214902** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Liabilities:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Security Type |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks Sold Short\* | &nbsp;&nbsp; $(106451017)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(106451017)<br>|
| **Total Liabilities - Securities Sold Short** | &nbsp;&nbsp; **$(106451017)**<br>| &nbsp;&nbsp; **$** <br> **—** | &nbsp;&nbsp; **$(106451017)**<br>|

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investments in Securities** | **Investments in Securities** | **Investments in Securities** | **Investments in Securities** |
| **Fund** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **Total** |
| **Steward Global Equity Income Fund** |  |  |  |  |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Security Type |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks\* | &nbsp;&nbsp; $414011108 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $414011108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stocks\* | &nbsp;&nbsp; 3996659 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 3996659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Fund | &nbsp;&nbsp; 4088511 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 4088511 |
| **Total Assets - Investments** | &nbsp;&nbsp; **$422096278** | &nbsp;&nbsp; **$** <br> **—** | &nbsp;&nbsp; **$** <br> **—** | &nbsp;&nbsp; **$422096278** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Steward Large Cap Core Fund** |  |  |  |
| **Assets:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Security Type |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks\* | &nbsp;&nbsp; $174574381 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $174574381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Fund | &nbsp;&nbsp; 258520 | &nbsp;&nbsp; — | &nbsp;&nbsp; 258520 |
| **Total Assets - Investments** | &nbsp;&nbsp; **$174832901** | &nbsp;&nbsp; **$** <br> **—** | &nbsp;&nbsp; **$174832901** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Steward Large Cap Growth Fund** |  |  |  |
| **Assets:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Security Type |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks\* | &nbsp;&nbsp; $210226495 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $210226495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Fund | &nbsp;&nbsp; 254925 | &nbsp;&nbsp; — | &nbsp;&nbsp; 254925 |
| **Total Assets - Investments** | &nbsp;&nbsp; **$210481420** | &nbsp;&nbsp; **$** <br> **—** | &nbsp;&nbsp; **$210481420** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Steward Large Cap Value Fund** |  |  |  |
| **Assets:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Security Type |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks\* | &nbsp;&nbsp; $92298519 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $92298519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Fund | &nbsp;&nbsp; 145670 | &nbsp;&nbsp; — | &nbsp;&nbsp; 145670 |
| **Total Assets - Investments** | &nbsp;&nbsp; **$92444189** | &nbsp;&nbsp; **$** <br> **—** | &nbsp;&nbsp; **$92444189** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Steward Select Bond Fund** |  |  |  |  |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Security Type |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds\* | &nbsp;&nbsp; $— | &nbsp;&nbsp; $117929925 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $117929925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp; 4946922 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4946922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies | &nbsp;&nbsp; — | &nbsp;&nbsp; 14231364 | &nbsp;&nbsp; — | &nbsp;&nbsp; 14231364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agency Mortgage-Backed <br> Obligations<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 2781899 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2781899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 46557052 | &nbsp;&nbsp; — | &nbsp;&nbsp; 46557052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Fund | &nbsp;&nbsp; 3502555 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 3502555 |
| **Total Assets - Investments** | &nbsp;&nbsp; **$3502555** | &nbsp;&nbsp; **$186447162** | &nbsp;&nbsp; **$** <br> **—** | &nbsp;&nbsp; **$189949717** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Steward Values Enhanced International Fund** |  |  |  |
| **Assets:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Security Type |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks\* | &nbsp;&nbsp; $239596212 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $239596212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stocks\* | &nbsp;&nbsp; 3050429 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3050429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Fund | &nbsp;&nbsp; 1572944 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1572944 |
| **Total Assets - Investments** | &nbsp;&nbsp; **$244219585** | &nbsp;&nbsp; **$** <br> **—** | &nbsp;&nbsp; **$244219585** |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investments in Securities** | **Investments in Securities** | **Investments in Securities** | **Investments in Securities** |
| **Fund** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **Total** |
| **Steward Values Enhanced Large Cap Fund** |  |  |  |  |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Security Type |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks\* | &nbsp;&nbsp; $287975545 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $287975545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rights\* | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; —<br> \*\*<br>| &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Fund | &nbsp;&nbsp; 513530 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 513530 |
| **Total Assets - Investments** | &nbsp;&nbsp; **$288489075** | &nbsp;&nbsp; **$** <br> **—** | &nbsp;&nbsp; **$** <br> **—** | &nbsp;&nbsp; **$288489075** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Steward Values Enhanced** <br> **Small-Mid Cap Fund**<br>|  |  |  |  |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Security Type |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks\* | &nbsp;&nbsp; $183064230 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $183064230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rights\* | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; —<br> \*\*<br>| &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Fund | &nbsp;&nbsp; 153840 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 153840 |
| **Total Assets - Investments** | &nbsp;&nbsp; **$183218070** | &nbsp;&nbsp; **$** <br> **—** | &nbsp;&nbsp; **$** <br> **—** | &nbsp;&nbsp; **$183218070** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Please refer to the Schedule of Investments to view common stocks, corporate bonds, preferred stocks, and rights segregated by industry type. <br> \*\* Level 3 security has zero value.

For additional information regarding the Funds' valuation of investments and other significant accounting policies, please refer to the most recent Annual or Semi-Annual Financial Statements and Other Information report.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Steward Funds Inc

- **b. Investment Company Act file number:** 811-01597

- **c. CIK number of Registrant:** 0000092500

- **d. LEI of Registrant:** 549300RMO0BOXYR4QF39

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

  - **Street Address 1:** 15375 Memorial Drive, Suite 200

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 77079

  - **Telephone number:** 713-260-9000

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

- **a. Name of Series:** Steward Equity Market Neutral Fund

- **b. EDGAR series identifier (if any):** S000074384

- **c. LEI of Series:** 549300WNB9SEMRQPR744

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-07-31

**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:** $220490708.29

**Total Liabilities:** $106587106.95

**Net Assets:** $113903601.34

**Cash Not Reported:** $109850141.21

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000232243 | 0.46%                | -2.12%               | -3.82%               |
| Class ID C000232244 | 0.46%                | -2.12%               | -3.84%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $479344.11               | $-163731.49                                |
| Month 2  | $244848.63               | $-3053347.65                               |
| Month 3  | $-1233961.16             | $-3376982.16                               |

**Designated Index Information**

- **Index Name:** The Funds Designated Reference Portfolio is the Funds Securities Portfolio

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Churchill Downs Inc                       | Churchill Downs Inc COM NPV                                   | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-1070400.00  | -0.94%            |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.               | Capital One Financial Corp. COM USD0.01                       | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      5000 | NS      | $1075000.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corporation                          | PG&E Corporation COM NPV                                      | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     73000 | NS      | $1023460.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Company                                | 3M Company COM USD0.01                                        | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Short            | EC               | CORP              | US        |     -7000 | NS      | $-1044540.00  | -0.92%            |  |  |  | No            |                  1 | On Loan: No      |
| JetBlue Airways Corporation               | JetBlue Airways Corporation COM USD0.01                       | CUSIP: 477143101<br>LEI: 54930070J9H97ZO93T57 | Short            | EC               | CORP              | US        |    -93500 | NS      | $-415140.00   | -0.36%            |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions, Inc.                  | Skyworks Solutions, Inc. COM USD0.25                          | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |      7000 | NS      | $479780.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Limited                      | Schlumberger Limited COM USD0.01                              | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     28000 | NS      | $946400.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation            | The Charles Schwab Corporation COM USD0.01                    | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     11000 | NS      | $1075030.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                           | Starbucks Corp. COM USD0.001                                  | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Short            | EC               | CORP              | US        |    -11000 | NS      | $-980760.00   | -0.86%            |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc              | Thermo Fisher Scientific Inc COM USD1                         | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Short            | EC               | CORP              | US        |     -2000 | NS      | $-935360.00   | -0.82%            |  |  |  | No            |                  1 | On Loan: No      |
| Davita Inc                                | Davita Inc COM USD0.001                                       | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |      5700 | NS      | $800109.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                        | Crown Holdings Inc COM USD5                                   | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     10000 | NS      | $993600.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                                | Watsco Inc COM USD0.50                                        | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Short            | EC               | CORP              | US        |     -1000 | NS      | $-450880.00   | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp.                     | Targa Resources Corp. COM USD0.001                            | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-499230.00   | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Millicom International Cellular SA        | Millicom International Cellular SA COM USD1.50                | CUSIP: L6388F110<br>LEI: 549300CTHC1CP86P2G96 | Long             | EC               | CORP              | LU        |     26000 | NS      | $1043900.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners Inc.          | Pinnacle Financial Partners Inc. COM USD1.00                  | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |     11000 | NS      | $966790.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                          | NRG Energy, Inc. COM USD0.01                                  | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      7000 | NS      | $1170400.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                           | Salesforce Inc. COM USD0.001                                  | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      2000 | NS      | $516660.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Somnigroup International Inc.             | Somnigroup International Inc. COM USD0.01                     | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Short            | EC               | CORP              | US        |    -15000 | NS      | $-1085700.00  | -0.95%            |  |  |  | No            |                  1 | On Loan: No      |
| Seaboard Corp Del                         | Seaboard Corp Del COM USD1                                    | CUSIP: 811543107<br>LEI: 87Q3KOXT29OW9W9YPT70 | Short            | EC               | CORP              | US        |      -300 | NS      | $-950154.00   | -0.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                       | Texas Roadhouse Inc COM USD0.001                              | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Short            | EC               | CORP              | US        |     -6000 | NS      | $-1110780.00  | -0.98%            |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corporation                      | Westlake Corporation COM USD0.01                              | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Short            | EC               | CORP              | US        |    -14000 | NS      | $-1110200.00  | -0.97%            |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                              | Fortinet Inc COM USD0.001                                     | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     10000 | NS      | $999000.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders Firstsource, Inc.                | Builders Firstsource, Inc. COM USD0.01                        | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Short            | EC               | CORP              | US        |     -9000 | NS      | $-1144170.00  | -1.00%            |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                          | RBC Bearings Inc COM STK USD0.01                              | CUSIP: 75524B104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -1000 | NS      | $-387340.00   | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Under Armour, Inc.                        | Under Armour, Inc. COM STK USD0.000333 CL A                   | CUSIP: 904311107<br>LEI: 549300D4549QKWETZ406 | Short            | EC               | CORP              | US        |   -163000 | NS      | $-1082320.00  | -0.95%            |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                                 | Crocs Inc COM STK USD0.001                                    | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |     10000 | NS      | $997300.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                | Grand Canyon Education Inc COM USD0.01                        | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      6000 | NS      | $1011780.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                   | XPO Inc COM USD0.001                                          | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Short            | EC               | CORP              | US        |     -8000 | NS      | $-962320.00   | -0.84%            |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                   | MasterCard Incorporated COM USD0.0001 CLASS A                 | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      2100 | NS      | $1189587.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                  | Saia Inc COM USD0.001                                         | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Short            | EC               | CORP              | US        |     -4000 | NS      | $-1208960.00  | -1.06%            |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                           | First Solar Inc COM STK USD0.001                              | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Short            | EC               | CORP              | US        |     -6000 | NS      | $-1048380.00  | -0.92%            |  |  |  | No            |                  1 | On Loan: No      |
| Spirit Aerosystems Holdings Inc           | Spirit Aerosystems Holdings Inc COM STK USD0.01 CLASS 'A'     | CUSIP: 848574109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -27000 | NS      | $-1063800.00  | -0.93%            |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                 | Tesla Inc COM USD0.001                                        | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Short            | EC               | CORP              | US        |     -2000 | NS      | $-616540.00   | -0.54%            |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries, Inc.       | Huntington Ingalls Industries, Inc. COM USD0.01               | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Short            | EC               | CORP              | US        |     -5000 | NS      | $-1394300.00  | -1.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                            | Citigroup Inc. COM USD0.01                                    | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     11000 | NS      | $1030700.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                               | Pentair PLC COM USD0.01                                       | CUSIP: G7S00T104<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |     10000 | NS      | $1022000.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                       | Paycom Software Inc COM USD0.01                               | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |      4000 | NS      | $926160.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Five9 Inc.                                | Five9 Inc. COM USD0.001                                       | CUSIP: 338307101<br>LEI: 254900MXP6EWY0SFFR59 | Short            | EC               | CORP              | US        |    -31000 | NS      | $-800730.00   | -0.70%            |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp.                   | Synovus Financial Corp. COM USD1.00                           | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |     20000 | NS      | $944800.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Exact Sciences Corporation                | Exact Sciences Corporation COM USD0.01                        | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Short            | EC               | CORP              | US        |    -20000 | NS      | $-939000.00   | -0.82%            |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                 | Jabil Inc COM USD0.001                                        | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      5000 | NS      | $1115850.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                               | Cencora Inc COM USD0.01                                       | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      4000 | NS      | $1144320.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc             | Martin Marietta Materials Inc COM USD0.01                     | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Short            | EC               | CORP              | US        |     -2000 | NS      | $-1149760.00  | -1.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Light & Wonder Inc                        | Light & Wonder Inc COM USD0.001                               | CUSIP: 80874P109<br>LEI: 529900JXALYBOHXKFM62 | Short            | EC               | CORP              | US        |    -11000 | NS      | $-1059520.00  | -0.93%            |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds              | Northern Institutional Funds TREAS PRT PRMR                   | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   9180349 | NS      | $9180348.76   | 8.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ncino Inc.                                | Ncino Inc. COM                                                | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Short            | EC               | CORP              | US        |     -9000 | NS      | $-251325.00   | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.     | International Business Machines Corp. COM USD0.20             | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      4000 | NS      | $1012600.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products & Chemicals, Inc.            | Air Products & Chemicals, Inc. COM USD1                       | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Short            | EC               | CORP              | US        |     -4000 | NS      | $-1151520.00  | -1.01%            |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company                  | American Express Company COM USD0.20                          | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      1000 | NS      | $299310.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Mckesson Corp.                            | Mckesson Corp. COM USD0.01                                    | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      1000 | NS      | $693540.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                              | Autodesk Inc COM USD0.01                                      | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      3000 | NS      | $909330.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.           | Automatic Data Processing, Inc. COM USD0.10                   | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      3000 | NS      | $928500.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Company, Inc.                        | Trex Company, Inc. COM USD0.01                                | CUSIP: 89531P105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -16000 | NS      | $-1027840.00  | -0.90%            |  |  |  | No            |                  1 | On Loan: No      |
| Block(H&R)Inc                             | Block(H&R)Inc COM NPV                                         | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     19000 | NS      | $1032460.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| The Boeing Company                        | The Boeing Company COM USD5.00                                | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Short            | EC               | CORP              | US        |     -5000 | NS      | $-1109200.00  | -0.97%            |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc.                           | BorgWarner Inc. COM USD0.01                                   | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |     31000 | NS      | $1140800.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                | Unum Group COM USD0.10                                        | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     13300 | NS      | $955073.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastec, Inc.                              | Mastec, Inc. COM USD0.10                                      | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |      6000 | NS      | $1135260.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                   | ATI Inc COM USD0.10                                           | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Short            | EC               | CORP              | US        |    -11000 | NS      | $-846340.00   | -0.74%            |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic, Inc.                        | Cirrus Logic, Inc. COM USD0.001                               | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |     11000 | NS      | $1107810.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                       | Cisco Systems, Inc. COM USD0.001                              | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     16000 | NS      | $1089280.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corporation of America          | Packaging Corporation of America COM USD0.01                  | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Short            | EC               | CORP              | US        |     -5000 | NS      | $-968750.00   | -0.85%            |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                       | Dominion Energy Inc COM STK NPV                               | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Short            | EC               | CORP              | US        |    -20000 | NS      | $-1169000.00  | -1.03%            |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corporation                    | CMS Energy Corporation COM USD0.01                            | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Short            | EC               | CORP              | US        |     -7000 | NS      | $-516600.00   | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                         | Everest Group Ltd COM USD0.01                                 | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |      1000 | NS      | $335800.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co.                   | Columbia Sportswear Co. COM NPV                               | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |     15000 | NS      | $848550.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc.                              | MetLife Inc. COM USD0.01                                      | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     13000 | NS      | $987350.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                                 | eBay Inc. COM USD0.001                                        | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     14000 | NS      | $1284500.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Idacorp Inc                               | Idacorp Inc COM NPV                                           | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Short            | EC               | CORP              | US        |     -8000 | NS      | $-1002640.00  | -0.88%            |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc.                      | Electronic Arts Inc. COM USD0.01                              | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      7000 | NS      | $1067430.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                              | Entegris Inc COM USD0.01                                      | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Short            | EC               | CORP              | US        |     -6600 | NS      | $-517836.00   | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp.                        | Atmos Energy Corp. COM NPV                                    | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Short            | EC               | CORP              | US        |     -7000 | NS      | $-1091440.00  | -0.96%            |  |  |  | No            |                  1 | On Loan: No      |
| SKECHERS USA, Inc.                        | SKECHERS USA, Inc. 'A'COM USD0.001                            | CUSIP: 830566105<br>LEI: 529900D2R54KZPA4XR56 | Short            | EC               | CORP              | US        |    -19000 | NS      | $-1201750.00  | -1.06%            |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corporation                      | M&T Bank Corporation COM USD0.50                              | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |      2000 | NS      | $377400.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd.                                 | Flex Ltd. COM USD0.01                                         | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |     19000 | NS      | $947530.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| The Gap Inc.                              | The Gap Inc. COM USD0.05                                      | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |     41000 | NS      | $797860.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills, Inc.                       | General Mills, Inc. COM USD0.10                               | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     18000 | NS      | $881640.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                      | Gilead Sciences Inc. COM USD0.001                             | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      9000 | NS      | $1010610.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Heico Corp                                | Heico Corp COM USD0.01                                        | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Short            | EC               | CORP              | US        |     -4000 | NS      | $-1032360.00  | -0.91%            |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                | Intuit Inc COM USD0.01                                        | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      1000 | NS      | $785130.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co.                   | International Paper Co. COM USD1.00                           | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Short            | EC               | CORP              | US        |    -21000 | NS      | $-981540.00   | -0.86%            |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corporation.                       | Incyte Corporation. COM USD0.001                              | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |     15000 | NS      | $1123350.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Emcor Group Inc                           | Emcor Group Inc COM STK USD0.01                               | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      2000 | NS      | $1254980.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Insurance Group Inc.         | The Hartford Insurance Group Inc. COM USD0.01                 | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      9000 | NS      | $1119510.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Aaon Inc                                  | Aaon Inc COM STK USD0.004                                     | CUSIP: 000360206<br>LEI: 549300ZHF0E5VM7PUD37 | Short            | EC               | CORP              | US        |    -12000 | NS      | $-1002000.00  | -0.88%            |  |  |  | No            |                  1 | On Loan: No      |
| Mattel, Inc.                              | Mattel, Inc. COM USD1.00                                      | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |     52000 | NS      | $884520.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Newell Brands Inc.                        | Newell Brands Inc. COM USD1                                   | CUSIP: 651229106<br>LEI: 549300LWGYFM1TVO1Z12 | Short            | EC               | CORP              | US        |   -155000 | NS      | $-869550.00   | -0.76%            |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corporation                         | Nucor Corporation COM USD0.40                                 | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Short            | EC               | CORP              | US        |     -8000 | NS      | $-1144560.00  | -1.00%            |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corporation               | The Progressive Corporation COM USD1.00                       | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      4000 | NS      | $968160.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                             | QUALCOMM Inc. COM USD0.0001                                   | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      7000 | NS      | $1027320.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                        | RH COM USD0.0001                                              | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Short            | EC               | CORP              | US        |     -1000 | NS      | $-205620.00   | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc                      | Blue Owl Capital Inc COM CL A                                 | CUSIP: 09581B103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -47000 | NS      | $-909450.00   | -0.80%            |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                            | TechnipFMC PLC USD1                                           | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     28000 | NS      | $1018360.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| E L F Beauty Inc                          | E L F Beauty Inc COM USD0.01                                  | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Short            | EC               | CORP              | US        |     -9000 | NS      | $-1090710.00  | -0.96%            |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                               | Nutanix Inc COM USD0.000025 CL A                              | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     15000 | NS      | $1127550.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.                    | Verisk Analytics, Inc. COM USD0.001                           | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      3000 | NS      | $836130.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc                   | Cboe Global Markets Inc COM USD0.01                           | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      4000 | NS      | $964160.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                       | Shift4 Payments Inc CL A                                      | CUSIP: 82452J109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -11000 | NS      | $-1133000.00  | -0.99%            |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                           | Match Group Inc COM                                           | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |      4000 | NS      | $137080.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Financial, Inc.                  | Flagstar Financial, Inc. COM NEW                              | CUSIP: 649445400<br>LEI: 529900HVXOTLY61GL030 | Short            | EC               | CORP              | US        |    -70433 | NS      | $-795188.57   | -0.70%            |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Markets Inc               | Sprouts Farmers Markets Inc COM USD0.001                      | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |      7000 | NS      | $1060780.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Mister Car Wash Inc                       | Mister Car Wash Inc COM                                       | CUSIP: 60646V105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -123600 | NS      | $-713790.00   | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Tempus AI Inc.                            | Tempus AI Inc. CL A                                           | CUSIP: 88023B103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -17000 | NS      | $-962030.00   | -0.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc.                 | Super Micro Computer Inc. COM NEW                             | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Short            | EC               | CORP              | US        |    -19000 | NS      | $-1120430.00  | -0.98%            |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Co.                        | U-Haul Holding Co. COM USD0.25                                | CUSIP: 023586100<br>LEI: 5493003WIDMLDHYC6Y24 | Short            | EC               | CORP              | US        |    -17000 | NS      | $-983620.00   | -0.86%            |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Incorporated           | Jones Lang LaSalle Incorporated COM USD0.01                   | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      4000 | NS      | $1081440.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics, Inc.                   | Arrow Electronics, Inc. COM USD1                              | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |      2000 | NS      | $232000.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet, Inc.                               | Avnet, Inc. COM USD1.00                                       | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |     20000 | NS      | $1058800.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International, Inc.                | Baxter International, Inc. COM USD1.00                        | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Short            | EC               | CORP              | US        |    -37000 | NS      | $-805120.00   | -0.71%            |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.               | Verizon Communications Inc. COM USD0.10                       | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     17700 | NS      | $756852.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp.                   | Webster Financial Corp. COM USD0.01                           | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |     17000 | NS      | $980050.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp.                          | Concentrix Corp. COM                                          | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |     17000 | NS      | $883490.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                  | Allegro MicroSystems Inc COM                                  | CUSIP: 01749D105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -31000 | NS      | $-973710.00   | -0.85%            |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                         | MP Materials Corp COM CL A                                    | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Short            | EC               | CORP              | US        |    -17000 | NS      | $-1045500.00  | -0.92%            |  |  |  | No            |                  1 | On Loan: No      |
| C3.ai Inc                                 | C3.ai Inc CL A                                                | CUSIP: 12468P104<br>LEI: 549300YDLK0YQO5B1V80 | Short            | EC               | CORP              | US        |    -10700 | NS      | $-252092.00   | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare, Inc.                   | Molina Healthcare, Inc. COM USD0.001                          | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |      3000 | NS      | $473610.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corporation                        | Bruker Corporation COM USD0.01                                | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Short            | EC               | CORP              | US        |    -20000 | NS      | $-768600.00   | -0.67%            |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                      | Eagle Materials Inc. COM USD0.01                              | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Short            | EC               | CORP              | US        |     -5000 | NS      | $-1121450.00  | -0.98%            |  |  |  | No            |                  1 | On Loan: No      |
| 10X Genomics Inc                          | 10X Genomics Inc COM USD0.00001 CLASS A                       | CUSIP: 88025U109<br>LEI: 5493003Z6741WNLG7H43 | Short            | EC               | CORP              | US        |    -75000 | NS      | $-1008750.00  | -0.89%            |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Companies Inc                      | Rocket Companies Inc COM CL A                                 | CUSIP: 77311W101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -74000 | NS      | $-1092980.00  | -0.96%            |  |  |  | No            |                  1 | On Loan: No      |
| Sotera Health Company                     | Sotera Health Company COM                                     | CUSIP: 83601L102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -92000 | NS      | $-1057080.00  | -0.93%            |  |  |  | No            |                  1 | On Loan: No      |
| UWM Holdings Corp                         | UWM Holdings Corp COM CL A                                    | CUSIP: 91823B109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -235000 | NS      | $-944700.00   | -0.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Travel Plus Leisure Co                    | Travel Plus Leisure Co COM                                    | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |     17000 | NS      | $1007250.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| SentinelOne Inc                           | SentinelOne Inc CL A                                          | CUSIP: 81730H109<br>LEI: 984500DCD44DBF954221 | Short            | EC               | CORP              | US        |    -51000 | NS      | $-935340.00   | -0.82%            |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs Inc                           | Astera Labs Inc COM                                           | CUSIP: 04626A103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -9000 | NS      | $-1230570.00  | -1.08%            |  |  |  | No            |                  1 | On Loan: No      |
| SailPoint Inc.                            | SailPoint Inc. COM                                            | CUSIP: 78781J109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -30000 | NS      | $-670200.00   | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Grocery Outlet Holding Corp.              | Grocery Outlet Holding Corp. COM USD0.001                     | CUSIP: 39874R101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -83000 | NS      | $-1093110.00  | -0.96%            |  |  |  | No            |                  1 | On Loan: No      |
| QuantumScape Corporation                  | QuantumScape Corporation COM CL A                             | CUSIP: 74767V109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -81000 | NS      | $-696600.00   | -0.61%            |  |  |  | No            |                  1 | On Loan: No      |
| Loar Holdings Inc                         | Loar Holdings Inc COM SHS                                     | CUSIP: 53947R105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -10000 | NS      | $-739100.00   | -0.65%            |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings, Inc.                    | Amentum Holdings, Inc. COM                                    | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Short            | EC               | CORP              | US        |    -45000 | NS      | $-1123650.00  | -0.99%            |  |  |  | No            |                  1 | On Loan: No      |
| Ingram Micro Holding Corporation          | Ingram Micro Holding Corporation COM                          | CUSIP: 457152106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -55000 | NS      | $-1084600.00  | -0.95%            |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                                 | Aptiv PLC COM SHS                                             | CUSIP: G3265R107<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |     16000 | NS      | $1098240.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Godaddy Inc                               | Godaddy Inc COM USD0.001 CLASS A                              | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |      3000 | NS      | $484740.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc.                      | Onto Innovation Inc. COM                                      | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Short            | EC               | CORP              | US        |    -11000 | NS      | $-1042250.00  | -0.92%            |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                           | Gen Digital Inc COM                                           | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     35000 | NS      | $1032150.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| UiPath Inc.                               | UiPath Inc. CL A                                              | CUSIP: 90364P105<br>LEI: 5493000YP61KBELDHT53 | Long             | EC               | CORP              | US        |     11000 | NS      | $129250.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                       | Coinbase Global Inc COM CL A                                  | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-1133280.00  | -0.99%            |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corporation             | Liberty Broadband Corporation COM USD0.01 CL 'A'              | CUSIP: 530307107<br>LEI: 549300MIX43II8JLN536 | Short            | EC               | CORP              | US        |    -18000 | NS      | $-1100340.00  | -0.97%            |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                           | Bio-Techne Corp COM USD0.01                                   | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Short            | EC               | CORP              | US        |    -16000 | NS      | $-875680.00   | -0.77%            |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                       | Synchrony Financial COM USD0.001                              | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     15000 | NS      | $1045050.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp                        | IPG Photonics Corp COM USD0.0001                              | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Short            | EC               | CORP              | US        |    -15000 | NS      | $-1123350.00  | -0.99%            |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                                | Nasdaq Inc COM USD0.01                                        | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     11000 | NS      | $1058420.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                     | AECOM COM STK USD0.01                                         | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |      9000 | NS      | $1014660.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corp.         | The Bank of New York Mellon Corp. COM USD0.01                 | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     11000 | NS      | $1115950.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd.                              | Genpact Ltd. COM STK USD0.01                                  | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |     23000 | NS      | $1013150.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications, Inc.              | Iridium Communications, Inc. COM USD0.001                     | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |     43000 | NS      | $1051780.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp.                        | Ralph Lauren Corp. COM USD0.01 CLASS 'A'                      | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |      4000 | NS      | $1195000.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Company, Inc.           | Acadia Healthcare Company, Inc. COM USD0.01                   | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Short            | EC               | CORP              | US        |    -50000 | NS      | $-1088500.00  | -0.96%            |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp                             | Teradata Corp COM STK USD0.01                                 | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |      8000 | NS      | $167440.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                           | Dollar Tree Inc COM USD0.01                                   | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      9000 | NS      | $1021950.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                  | Visa Inc COM STK USD0.0001                                    | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      3000 | NS      | $1036410.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                        | Enphase Energy Inc COM USD0.00001                             | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |     16000 | NS      | $517760.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                    | Diamondback Energy Inc COM USD0.01                            | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Short            | EC               | CORP              | US        |     -7000 | NS      | $-1040620.00  | -0.91%            |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings Ltd        | Norwegian Cruise Line Holdings Ltd COM USD0.001               | CUSIP: G66721104<br>LEI: N/A                  | Short            | EC               | CORP              | BM        |    -13000 | NS      | $-332280.00   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Premier Inc                               | Premier Inc COM USD0.01 CL'A'                                 | CUSIP: 74051N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52000 | NS      | $1116960.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies, Inc.               | Keysight Technologies, Inc. COM USD0.01 WD                    | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      6000 | NS      | $983460.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyatt Hotels Corporation                  | Hyatt Hotels Corporation COM USD0.01 CLASS 'A'                | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Short            | EC               | CORP              | US        |     -7000 | NS      | $-986790.00   | -0.87%            |  |  |  | No            |                  1 | On Loan: No      |
| Primerica, Inc.                           | Primerica, Inc. COM USD0.01                                   | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |      4000 | NS      | $1062520.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc.                           | CBRE Group Inc. COM USD0.01 CLASS A                           | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |      7000 | NS      | $1090180.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                             | Popular, Inc. COM USD0.01                                     | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |      5000 | NS      | $572900.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                            | S&P Global Inc COM USD1                                       | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      2000 | NS      | $1102200.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                         | Hamilton Lane Inc COM USD0.001 CL A                           | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Short            | EC               | CORP              | US        |     -7000 | NS      | $-1066100.00  | -0.94%            |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                       | Axon Enterprise Inc COM USD0.00001                            | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Short            | EC               | CORP              | US        |     -1000 | NS      | $-755490.00   | -0.66%            |  |  |  | No            |                  1 | On Loan: No      |
| Tandem Diabetes Care Inc                  | Tandem Diabetes Care Inc COM USD0.001(POST REV SPLT)          | CUSIP: 875372203<br>LEI: 549300JEPFOD0K4D3I05 | Short            | EC               | CORP              | US        |     -1900 | NS      | $-29602.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding PLC          | Sensata Technologies Holding PLC COM EUR0.01                  | CUSIP: G8060N102<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |     34000 | NS      | $1045840.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG Inc                                   | TPG Inc COM CL A                                              | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Short            | EC               | CORP              | US        |     -7000 | NS      | $-399490.00   | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                              | Crane NXT Co COM                                              | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Short            | EC               | CORP              | US        |    -19000 | NS      | $-1127460.00  | -0.99%            |  |  |  | No            |                  1 | On Loan: No      |
| Walgreens Boots Alliance Inc.             | Walgreens Boots Alliance Inc. COM USD0.01                     | CUSIP: 931427108<br>LEI: 549300RPTUOIXG4LIH86 | Long             | EC               | CORP              | US        |     95000 | NS      | $1105800.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                 | Block Inc COM USD0.0000001 CL A                               | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Short            | EC               | CORP              | US        |    -14000 | NS      | $-1081640.00  | -0.95%            |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                 | Janus Henderson Group PLC ORD USD1.50                         | CUSIP: G4474Y214<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | JE        |     24000 | NS      | $1039200.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Apellis Pharmaceuticals Inc               | Apellis Pharmaceuticals Inc COM USD0.0001                     | CUSIP: 03753U106<br>LEI: 254900HS0ZFRXXSB9D42 | Short            | EC               | CORP              | US        |    -55000 | NS      | $-1228700.00  | -1.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc             | Jefferies Financial Group Inc COM USD1.00                     | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Short            | EC               | CORP              | US        |    -19000 | NS      | $-1095540.00  | -0.96%            |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc                       | Guardant Health Inc COM USD0.00001                            | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Short            | EC               | CORP              | US        |     -9500 | NS      | $-389310.00   | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                            | Dutch Bros Inc CL A                                           | CUSIP: 26701L100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -13000 | NS      | $-770510.00   | -0.68%            |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc.                         | Viper Energy Inc. CL A                                        | CUSIP: 927959106<br>LEI: 5299009LINL232255G03 | Short            | EC               | CORP              | US        |    -29000 | NS      | $-1092140.00  | -0.96%            |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                          | Amazon.com, Inc. COM USD0.01                                  | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Short            | EC               | CORP              | US        |     -1000 | NS      | $-234110.00   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                            | Albemarle Corp COM USD0.01                                    | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Short            | EC               | CORP              | US        |     -3500 | NS      | $-237475.00   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Biomarin Pharmaceutical Inc.              | Biomarin Pharmaceutical Inc. COM USD0.001                     | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |     18000 | NS      | $1041300.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisign, Inc.                            | Verisign, Inc. COM USD0.001                                   | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      4000 | NS      | $1075480.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp.                        | Brown-Forman Corp. COM USD0.15 CLASS B                        | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Short            | EC               | CORP              | US        |    -37000 | NS      | $-1067450.00  | -0.94%            |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                     | Cardinal Health, Inc. COM NPV                                 | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      7000 | NS      | $1086540.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                     | Colgate-Palmolive Co. COM USD1.00                             | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     12000 | NS      | $1006200.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                                    | F5 Inc COM STK NPV                                            | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      4000 | NS      | $1253680.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Harley-Davidson, Inc.                     | Harley-Davidson, Inc. COM USD0.01                             | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |     41000 | NS      | $997530.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc.                               | Humana Inc. COM USD0.166                                      | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      4000 | NS      | $999480.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Incorporated        | Huntington Bancshares Incorporated COM USD0.01                | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |     60000 | NS      | $985800.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                 | KLA Corp. COM USD0.001                                        | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      1000 | NS      | $879030.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp.                              | Lennar Corp. COM USD0.10 CLASS A                              | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-1121800.00  | -0.98%            |  |  |  | No            |                  1 | On Loan: No      |
| MicroStrategy Incorporated                | MicroStrategy Incorporated COM USD0.001 CLASS A               | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-1205580.00  | -1.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                              | Wingstop Inc COM USD0.01                                      | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Short            | EC               | CORP              | US        |     -1000 | NS      | $-377340.00   | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Viking Therapeutics Inc.                  | Viking Therapeutics Inc. COM USD0.00001                       | CUSIP: 92686J106<br>LEI: 529900IVC72YPFA25M37 | Short            | EC               | CORP              | US        |    -16000 | NS      | $-521120.00   | -0.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Docusign Inc                              | Docusign Inc COM USD0.0001                                    | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     13000 | NS      | $983320.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc.                             | KKR & Co Inc. COM USD0.01                                     | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Short            | EC               | CORP              | US        |     -5000 | NS      | $-732900.00   | -0.64%            |  |  |  | No            |                  1 | On Loan: No      |
| The Cigna Group                           | The Cigna Group COM USD0.01                                   | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      2000 | NS      | $534760.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                     | Bath & Body Works Inc COM                                     | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     32000 | NS      | $926720.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc.                               | Natera Inc. COM USD0.0001                                     | CUSIP: 632307104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -7000 | NS      | $-935620.00   | -0.82%            |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Sports Corp.        | Madison Square Garden Sports Corp. COM USD0.01 CLASS A        | CUSIP: 55825T103<br>LEI: 529900BQELIZ5ZQYB788 | Short            | EC               | CORP              | US        |     -6000 | NS      | $-1212600.00  | -1.06%            |  |  |  | No            |                  1 | On Loan: No      |
| ADT Inc                                   | ADT Inc COM USD0.01                                           | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    126000 | NS      | $1052100.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                               | Dropbox Inc COM USD0.00001 CL A                               | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |     39000 | NS      | $1059630.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                         | Yeti Holdings Inc COM USD0.01                                 | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     26000 | NS      | $955240.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                               | Corteva Inc COM USD0.01                                       | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     15000 | NS      | $1081950.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corporation                        | Enovis Corporation COM                                        | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Short            | EC               | CORP              | US        |    -31000 | NS      | $-830800.00   | -0.73%            |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros. Discovery Inc.               | Warner Bros. Discovery Inc. COM SER A                         | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |     72000 | NS      | $948240.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Novocure Ltd                              | Novocure Ltd COM USD0.00                                      | CUSIP: G6674U108<br>LEI: 213800YPP55UMHWA4826 | Short            | EC               | CORP              | JE        |     -8200 | NS      | $-94874.00    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Floor And Decor Holding Inc.              | Floor And Decor Holding Inc. COM USD0.001 CL A                | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Short            | EC               | CORP              | US        |     -6500 | NS      | $-498160.00   | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings Inc. | Knight-Swift Transportation Holdings Inc. COM USD0.01 CLASS A | CUSIP: 499049104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -16000 | NS      | $-680000.00   | -0.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                      | Booking Holdings Inc COM USD0.008                             | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       200 | NS      | $1100812.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                         | FTAI Aviation Ltd COM USD0.01                                 | CUSIP: G3730V105<br>LEI: N/A                  | Short            | EC               | CORP              | KY        |    -10000 | NS      | $-1376100.00  | -1.21%            |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial N.V.                       | CNH Industrial N.V. COM EUR0.01                               | CUSIP: N20944109<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |     44000 | NS      | $570240.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| The Chemours Company LLC                  | The Chemours Company LLC COM USD0.01 WI                       | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Short            | EC               | CORP              | US        |    -75000 | NS      | $-898500.00   | -0.79%            |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings Inc                      | Kyndryl Holdings Inc COMMON STOCK                             | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |      4000 | NS      | $151080.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Trump Media & Technology Group Corp       | Trump Media & Technology Group Corp COM                       | CUSIP: 25400Q105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -44000 | NS      | $-773960.00   | -0.68%            |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corporation                  | Talen Energy Corporation COM                                  | CUSIP: 87422Q109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -2000 | NS      | $-755140.00   | -0.66%            |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage System Inc              | Advanced Drainage System Inc COM USD0.01                      | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Short            | EC               | CORP              | US        |     -5000 | NS      | $-573750.00   | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                              | Freshpet Inc COM USD0.001                                     | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Short            | EC               | CORP              | US        |     -7000 | NS      | $-478240.00   | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                      | Cleveland-Cliffs Inc COM USD0.125                             | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Short            | EC               | CORP              | US        |    -97000 | NS      | $-1020440.00  | -0.90%            |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems Inc               | Inspire Medical Systems Inc COM USD0.001                      | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Short            | EC               | CORP              | US        |     -4000 | NS      | $-498160.00   | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications Inc.                  | Zoom Communications Inc. COM USD0.001 CL A                    | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |     15000 | NS      | $1110750.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CAVA Group Inc.                           | CAVA Group Inc. COM                                           | CUSIP: 148929102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -12000 | NS      | $-1056120.00  | -0.93%            |  |  |  | No            |                  1 | On Loan: No      |
| Amer Sports Inc.                          | Amer Sports Inc. COM SHS                                      | CUSIP: G0260P102<br>LEI: 391200YCSWTRD1J21867 | Short            | EC               | CORP              | KY        |    -28000 | NS      | $-1051120.00  | -0.92%            |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                                | Twilio Inc COM USD0.001 CL A                                  | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |      8000 | NS      | $1032000.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                 | Kinsale Capital Group Inc COM USD0.01                         | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Short            | EC               | CORP              | US        |     -2000 | NS      | $-881380.00   | -0.77%            |  |  |  | No            |                  1 | On Loan: No      |
| The Trade Desk Inc                        | The Trade Desk Inc COM USD0.000001 CL A                       | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Short            | EC               | CORP              | US        |    -12000 | NS      | $-1043520.00  | -0.92%            |  |  |  | No            |                  1 | On Loan: No      |
| Roivant Sciences Ltd                      | Roivant Sciences Ltd SHS                                      | CUSIP: G76279101<br>LEI: 549300DL466NY5J6U724 | Short            | EC               | CORP              | BM        |    -85000 | NS      | $-965600.00   | -0.85%            |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc.                           | DraftKings Inc. COM CL A                                      | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Short            | EC               | CORP              | US        |    -26000 | NS      | $-1171040.00  | -1.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                             | Coherent Corp COM                                             | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Short            | EC               | CORP              | US        |    -11000 | NS      | $-1183600.00  | -1.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Sharkninja Inc.                           | Sharkninja Inc. COM SHS                                       | CUSIP: G8068L108<br>LEI: N/A                  | Short            | EC               | CORP              | KY        |    -10000 | NS      | $-1161000.00  | -1.02%            |  |  |  | No            |                  1 | On Loan: No      |
| The Cooper Companies, Inc.                | The Cooper Companies, Inc. COM                                | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Short            | EC               | CORP              | US        |    -15000 | NS      | $-1060350.00  | -0.93%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-29

**Name of Applicant:** Steward Funds Inc

**Signature:** Jim Coppedge

**Name of Signer:** Jim Coppedge

**Title:** General Counsel & CCO