# EDGAR Filing Document

**Accession Number:** 0001045487
**File Stem:** 0001752724-23-046784
**Filing Date:** 2023-2
**Character Count:** 31890
**Document Hash:** 55293b901eee8e71668fd0e530d1c9d4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046784.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046784

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230630

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08411
- **FILM NUMBER:** 23683056

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

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

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

## Series and Classes Contracts Data

### James Aggressive Allocation Fund (Series ID: S000049901)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000157576 | James Aggressive Allocation Fund | JAVAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

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

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

- **a. Name of Series:** JAMES AGGRESSIVE ALLOCATION FUND

- **b. EDGAR series identifier (if any):** S000049901

- **c. LEI of Series:** 5493001JVWZW5U0R1Q40

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $18016592.29

**Total Liabilities:** $15898.88

**Net Assets:** $18000693.41

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 2.35149800 | **1-Year:** 226.55586300 | **5-Year:** 291.85254700 | **10-Year:** 187.51737600 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000157576 | 6.38%                | 5.50%                | -3.75%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-33300.11               | $1115799.17                                |
| Month 2  | $-0.14                   | $1000877.16                                |
| Month 3  | $-87990.16               | $-682354.30                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Caterpillar Inc                                               | Caterpillar, Inc.                                           | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       800 | NS      | $191648.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB Limited                                                   | ABB Ltd. ADR                                                | CUSIP: 000375204<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |      3500 | NS      | $106610.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings, Inc.                                  | CF Industries Holdings, Inc.                                | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |       500 | NS      | $42600.00     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                  | U.S. Treasury Notes 0.25%, Due 03/15/2024                   | CUSIP: 91282CBR1<br>LEI: N/A                  | Long             | DBT              | UST               | US        |    500000 | PA      | $474003.91    | 2.63%             | 2024-03-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Bancorp Inc                                                   | Bancorp, Inc. (The)                                         | CUSIP: 05969A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2000 | NS      | $56760.00     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                                        | Sempra Energy                                               | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |       610 | NS      | $94269.40     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Montreal                                              | Bank of Montreal 2.00%, Due 012/22/2026                     | CUSIP: 06368GC54<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | US        |    200000 | PA      | $175006.78    | 0.97%             | 2026-12-22      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | Federal National Mortgage Association 0.56%, Due 10/22/2025 | CUSIP: 3135G06B4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |    500000 | PA      | $448223.15    | 2.49%             | 2025-10-22      | Fixed         | 0.56%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                 | Alphabet, Inc. Class A                                      | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      4750 | NS      | $419092.50    | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                                                 | ISHARES FLOATING RATE BOND ETF                              | CUSIP: 46429B655<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      4000 | NS      | $201320.00    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corporation                                             | Nucor Corporation                                           | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |       700 | NS      | $92267.00     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                                  | U.S. Treasury Bill 0.000%, Due 04/06/2023                   | CUSIP: 912796YN3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $98915.00     | 0.55%             | 2023-04-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                               | AstraZeneca plc ADR                                         | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | US        |      4000 | NS      | $271200.00    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Actively Managed Exchange-Traded Commodity Fund Trust | Invesco Optimum Yield                                       | CUSIP: 46090F100<br>LEI: 549300J84F1VGX03MG06 | Long             | EC               | RF                | US        |     21000 | NS      | $310380.00    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock, Inc.                                               | BlackRock, Inc.                                             | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |       500 | NS      | $354315.00    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                                                   | AbbVie, Inc.                                                | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      1250 | NS      | $202012.50    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                                   | Pfizer, Inc.                                                | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      3220 | NS      | $164992.80    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                                     | Jabil, Inc.                                                 | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |       900 | NS      | $61380.00     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                  | U.S. Treasury Notes 2.625%, due 02/15/2029                  | CUSIP: 9128286B1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | PA      | $277265.63    | 1.54%             | 2029-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Eaton Corporation PLC                                         | Eaton Corporation plc                                       | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | US        |      1175 | NS      | $184416.25    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Farm Credit Banks                                     | Federal Farm Credit Bank 4.67%, Due 07/26/2023              | CUSIP: 3133ENV98<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    100000 | PA      | $99920.36     | 0.56%             | 2023-07-26      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                               | Astrazeneca Finance LLC 0.70%, Due 04/08/2026               | CUSIP: 046353AV0<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | US        |    250000 | PA      | $219780.60    | 1.22%             | 2026-04-08      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                       | Federal Home Loan Bank 3.65%, Due 07/19/2024                | CUSIP: 3130ASLH0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    100000 | PA      | $98460.07     | 0.55%             | 2024-07-19      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| FIRST AMERN FDS INC                                           | First American Treasury Obligations Fund Class X            | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    174584 | PA      | $174584.24    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                             | Johnson & Johnson                                           | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      1295 | NS      | $228761.75    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corporation                                   | Deckers Outdoor Corporation                                 | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |       590 | NS      | $235504.40    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corporation                                         | Microsoft Corporation                                       | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1730 | NS      | $414888.60    | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Nova Ltd                                                      | Nova Measuring Instruments Ltd.                             | CUSIP: M7516K103<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | US        |      2515 | NS      | $205425.20    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                                   | Walmart, Inc.                                               | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      1700 | NS      | $241043.00    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                                       | Mastercard, Inc. Class A                                    | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       735 | NS      | $255581.55    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.                                  | Cadence Design Systems, Inc.                                | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      2800 | NS      | $449792.00    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc                                                | Home Depot, Inc. (The)                                      | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |       700 | NS      | $221102.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corporation                                        | McDonald's Corporation                                      | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      1000 | NS      | $263530.00    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                                     | Linde plc                                                   | CUSIP: G5494J103<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | US        |       332 | NS      | $108291.76    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Company, Inc.                            | American Water Works Company, Inc.                          | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |       750 | NS      | $114315.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corporation                                     | Union Pacific Corporation                                   | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |       850 | NS      | $176009.50    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                                               | Deere & Company                                             | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |       435 | NS      | $186510.60    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company                                     | Matador Resources Company                                   | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |      6000 | NS      | $343440.00    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International, Incorporation                            | Enova International, Inc.                                   | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |      8485 | NS      | $325569.45    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                                               | Eli Lilly & Company                                         | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       475 | NS      | $173774.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                                          | JPMorgan Chase & Company                                    | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      2000 | NS      | $268200.00    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                                 | Accenture plc Class A                                       | CUSIP: G1151C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       465 | NS      | $124080.60    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc.                                                 | Prologis, Inc. REIT                                         | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      2905 | NS      | $327480.65    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.                                       | UnitedHealth Group, Inc.                                    | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       610 | NS      | $323409.80    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                               | T-Mobile USA, Inc.                                          | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      2300 | NS      | $322000.00    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                                    | Apple, Inc.                                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      3400 | NS      | $441762.00    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.                               | ADP, Inc. 1.25%, Due 09/01/2030                             | CUSIP: 053015AF0<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | DBT              | CORP              | US        |    200000 | PA      | $156316.20    | 0.87%             | 2030-09-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Danaher Corporation                                           | Danaher Corporation                                         | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |       825 | NS      | $218971.50    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                                     | Goldman Sachs Group, Inc. (The)                             | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       855 | NS      | $293589.90    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                                           | Comcast Corporation Class A                                 | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      6645 | NS      | $232375.65    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                                           | Cheniere Energy, Inc.                                       | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |       500 | NS      | $74980.00     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                  | U.S. Treasury Notes 1.125%, due 02/28/2025                  | CUSIP: 912828ZC7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $933476.56    | 5.19%             | 2025-02-28      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Starbucks Corporation                                         | Starbucks Corporation 2.55%, Due 11/15/2030                 | CUSIP: 855244AZ2<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    500000 | PA      | $420388.36    | 2.34%             | 2030-11-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Digital Realty Trust Inc                                      | Digital Realty Trust, Inc. REIT                             | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      1600 | NS      | $160432.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                                  | NVIDIA Corporation                                          | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      2000 | NS      | $292280.00    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corporation                                            | Target Corporation                                          | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      1600 | NS      | $238464.00    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                                           | Abbott Laboratories                                         | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      2625 | NS      | $288198.75    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                             | ASML Holding N.V. - NY Registry Shares                      | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |       550 | NS      | $300520.00    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextera Energy Inc                                            | NextEra Energy, Inc.                                        | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2380 | NS      | $198968.00    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Company                                  | Procter & Gamble Company (The)                              | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      1700 | NS      | $257652.00    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| James Hardie Industries PLC                                   | JAMES HARDIE INDUSTRIES PLC ADR                             | CUSIP: 47030M106<br>LEI: 635400NSGXKTVOO7JU45 | Long             | EC               | CORP              | US        |      3000 | NS      | $53820.00     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation                                   | Lockheed Martin Corporation                                 | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       415 | NS      | $201893.35    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                                                | Citigroup Inc 3.875% DUE 03/26/2025                         | CUSIP: 172967JL6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243066.70    | 1.35%             | 2025-03-26      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Ishares Gold Trust                                            | iShares COMEX Gold Trust                                    | CUSIP: 464285204<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      5627 | NS      | $194637.93    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                        | Federal Home Loan Mortgage Corp. 3.125%, Due 06/28/2024     | CUSIP: 3134GXYM0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |    250000 | PA      | $243258.25    | 1.35%             | 2024-06-28      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Zoetis Inc.                                                   | Zoetis, Inc.                                                | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      1595 | NS      | $233747.25    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corporation                                           | Chevron Corporation                                         | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2200 | NS      | $394878.00    | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Company                             | Pioneer Natural Resources Company                           | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |      1195 | NS      | $272926.05    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Farm Credit Banks                                     | Federal Farm Credit Bank 0.67%, Due 08/04/2025              | CUSIP: 3133EL2S2<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    500000 | PA      | $452624.41    | 2.51%             | 2025-08-04      | Fixed         | 0.67%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | US Treasury Bond 1.375% DUE 06/30/2023                      | CUSIP: 912828S35<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $492128.91    | 2.73%             | 2023-06-30      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Best Buy Inc                                                  | Best Buy Company, Inc.                                      | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      1815 | NS      | $145581.15    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                                             | Tractor Supply Company                                      | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |      1640 | NS      | $368950.80    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corporation                                    | Avery Dennison Corporation                                  | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |       300 | NS      | $54300.00     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** JAMES ADVANTAGE FUNDS

**Signature:** Lesley Ott

**Name of Signer:** Lesley Ott

**Title:** Chief Compliance Officer