Frank Value Fund NPORTP Camelot Event Driven Fund (Mar 2024 report)


Schedule of Investments
March 28, 2024 (unaudited)
Camelot Event Driven Fund

			Shares or Principal
Security Description			Amount ($)		Fair Value ($)(1)

Common Stocks - 76.12%

Automotive - 0.00%
Flyht Aerospace Solutions, Inc. (Canada) * † ^			101,663		0

Bakery Products - 0.38%
Bab, Inc.			479,411		383,193

Biotech & Pharma - 2.85%
Inyx, Inc. * ●			167,850		0
Johnson & Johnson			18,000		2,847,420

					2,847,420

Canned, Frozen & Preserved Fruit, Veg & Food Specialties - 0.26%
TreeHouse Foods, Inc.			6,575		256,096

Canned, Fruits, Veg and Preserves, Jams & Jellies - 3.15%
The J.M. Smucker Co.* (a)			25,000		3,146,750

Communications Services, NEC - 0.51%
Intelsat Emergence SA (Luxembourg) * ●			4,675		98,175
Prosus N.V.			65,388		409,329

					507,504

Construction & Engineering - 0.06%
WeBuild SpA ADR*			25,935.000		62,731

Canned, Fruits, Veg and Preserves, Jams & Jellies - 7.12%
Colgate-Palmolive Co.			79,000		7,113,950

Electric & Other Services Combined - 2.04%
NiSource, Inc.*			60,000		1,659,600
PNM Resources, Inc.			10,000		376,400

					2,036,000

Electric Services - 5.37%
PPL Corp. (a)			195,000		5,368,350

Electrical Industrial Apparatus - 0.51%
Hollsys Automation Technologies Ltd.* (China)			20,000		511,600

Fats & Oils - 1.57%
Archer-Daniels-Midland Company			25,000		1,570,250

Federal & Federally-Sponsored Credit Agencies - 0.16%
Federal National Mortgage Association Fannie Mae *			100,000		157,000

Gaming, Lodging & Restaurants - 0.11%
Guoco Group Ltd. (Bermuda) *			10,000		113,971

Gold and Silver Ores - 10.41%
Agnico Eagle Mines Ltd. (Canada) (a) (b)			59,500		3,549,175
B2Gold Corp.			290,000		756,900
Barrick Gold Corp. (Canada) (a) (b)			15,000		249,600
Newmont Corp. (a) (b)			89,000		3,189,760
NovaGold Resources, Inc. *			130,000		390,000
Seabridge Gold, Inc. * (a)			150,000		2,268,000

					10,403,435

Grain Mill Products - 1.64%
Kellanova			10,000		572,900
Post Holdings, Inc. * (a) (b)			10,000		1,062,800

					1,635,700

Hospital & Medical Service Plans - 4.86%
Humana Inc.			14,000		4,854,080

IT Services - 0.00%
Computer Horizons Corp.			65,000		0

Industrial Organic Chemicals - 3.18%
International Flavors & Fragrances, Inc. (a) (b)			37,000		3,181,630

Industrial Products - 2.76%
Gates Industrial Corp. PLC*			3,200		56,672
Mercury Systems, Inc.* (a)			91,769		2,707,186

					2,763,858

Industrial Services - 0.05%
Astaldi SpA SPF (Italy) * ● †			1,022,580		50,618

Internet Content & Information - 0.10%
Scout24 SE ADR *			1,500		104,265

Investment Advice - 0.03%
TPG, Inc. Class A			600		26,820

Laboratory Analytical Instruments - 3.43%
Illumina, Inc. * (a) (b)			25,000		3,433,000

Media - 0.02%
Apogee 21 Holdings, Inc.*			50,000		0
Clear Channel Outdoor Holdings, Inc. *			11,249		18,561

					18,561

Metals & Mining - 0.00%
Sacre-Coeur Minerals Ltd. (Canada) * ^ †			109,444		0

Mineral Royalty Traders - 0.49%
Royal Gold, Inc.			4,000		487,240

Oil, Gas & Coal - 4.66%
Chevron Corp. (a) (b)			4,000		630,960
Marathon Petroleum Corp. (a)			20,000		4,030,000
Petrocorp., Inc.			200		0
Seadrill Limited			2		101

					4,661,061

Petroleum Refining - 4.06%
Suncor Energy, Inc. (Canada) (a)			110,000		4,060,100

Pharmaceutical Preparations- 0.45%
BioMarin Pharmaceutical Inc.			2,456		214,507
Emisphere Technologies, Inc.● Δ *			30,000		234,300

					448,807

Radio Broadcasting Stations - 0.01%
iHeartMedia, Inc. Class A *			4,610		9,635

Radio & TV Broadcasting & Communications Equipment - 0.99%
KVH Industries, Inc.* (b)			194,684		992,888

Real Estate - 0.08%
Conwert Immobilien Invest SE (Austria)			45,000		0
Sunac China Hildings Limited			300,000		42,931
Times China Hildings Ltd.			500,000		14,566
Greentown China Holdings Limited			20,000		15,946
Ronshine Service Holding Co., Ltd			150,000		3,258

					76,701

Real Estate Investment Trusts - 2.17%
Crown Castle International Corp.			20,500		2,169,515

Retail - 1.33%
Dollar Tree, Inc.* (a) (b)			10,000		1,331,500

Retail-Department Stores - 0.04%
Neiman-Marcus Group Parent LLC † ● *			791		39,550

Retail - Retail Stores - 1.64%
JD.com			60,000		1,643,400

Retail - Eating Places - 2.05%
Cracker Barrel Old Country Store, Inc.* (a)			20,000		1,454,600
Yum China Holdings, Inc.			15,000		596,850

					2,051,450

Search, Detection, Navigation, Guidance, Aeronautical Systems 1.34%
L3Harris Technologies, Inc. (a)			6,300		1,342,530

Services-Computer Processing & Data Preparation - 0.31%
Sohu.com Ltd.ADR *			29,000		306,530

Services-Educational Services - 0.16%
TCTM Kids IT Education, Inc.			59,708		160,017

Services-Employment Agencies - 0.07%
51job, Inc. ADR * ●			15,400		71,148

Services-Nursing & Personal Care Facilities - 0.71%
Chindata Group Holdings, Ltd.			166,176		710,402

Services - Prepackaged Software - 0.52%
Everbridge, Inc.			15,000		522,450

Shell Companies - 0.08%
Nabors Energy Transition Corp. II			3,600		1,728
Northern Star Investment Corp. III Class A			7,300		77,745

					79,473


Special Industrial Machinery - 0.00%
Nature's Miracle Holdings, Inc.			5,500		5,190

Surgical & Medical Instruments & Apparatus - 3.02%
Baxter International, Inc. (a) (b)			48,000		2,051,520
DIH Holdings, INC.			3,000		3,300
Globus Medical, Inc. Class A* (a)			18,000		965,520

					3,020,340

Telecommunications - 1.43%
AT&T, Inc.* (a)			80,000		1,408,000
NII Holdings, Inc. ^ Δ *			44,529		22,265

					1,430,265

Waste & Environmental Services & Equipment - 0.00%
Strategic Environmental & Energy Resources, Inc. *^ † #			43,000		1,763

Total Common Stock			(Cost $ 92,814,436)		76,090,992

Escrow Shares - 0.00%

Exide Technologies ^ † *			7,703		0

Total Escrow Shares			(Cost $ 585,437)		0

Asset-Backed Securities - 0.09%

AFC Home Equity Loan Trust Series 2000-02 Class 1A, 6.220% (1 Month LIBOR USD + 0.79%), 6/25/2030 ** ●			3,030		2,875
Citigroup Mortgage Loan Trust, Inc. Series 2005-OPT1 Class M3, 3.690%, (1 Month LIBOR USD + 0.710%), 02/25/2035 ** ●			79,955		73,972
Countrywide Alternative Loan Series 07-0A7 Class A3, 0.5017%, (1 Month LIBOR USD + 0.300%) 05/25/2047			0		0
Countrywide Asset-Backed Certificates Series 2007-11 Class 2M2, 3.404%, (1 Month LIBOR USD + 0.320%) 06/25/2047			197,182		14,512

Total Asset-Backed Securities			(Cost $ 109,416)		91,359

Contingent Value Rights - 0.00%

Communication Services - 0.00%
Clear Channel Outdoor Holdings, Inc.*			11,249		0

Investment Companies - 0.00%
Blue World Acquisition Corp. 08/29/2029 Class A *			10,000		2,900

Radio & TV Broadcasting & Communications Equipment - 0.00%
KVH Industries, Inc. *			145,009		0

Total Rights			(Cost $ 0)		2,900

Corporate Bonds - 1.38%

Automotive - 0.00%
Exide Technologies 11.00%, 4/30/2022 + † ^ #			546,810		0


Diversified Financial Services - 1.00%
CFLD Cayman Investment, 2.500%, 01/31/2031 ●			239,850		5,708
CIFI Holdings Group, 6.550%, 03/28/2024 ●			1,000,000		85,000
Hejun Shunzie Investment, 11.500%, due 6/4/2022			5,000,000		50,050
Hellas Telecommunication Luxembourg II SCA Series 144a, (United Kingdom), 6.054%, (3 Month LIBOR USD + 5.75% ) 01/15/2015+ # ** ^			5,000,000		6,250
Jingrui Holdings, Ltd., 12.750%, 09/09/2023 +			5,000,000		51,000
Kaisa Group Holdings, Ltd., 9.375%, 06/30/2024 +			3,000,000		86,250
Lehman Brothers Holdings, Inc. Series LEHN 5.50%, 02/27/2020			100,000		50
Lehman Brothers Holdings, Inc. Series MTN 8.75%, 2/14/2023			200,000		100
Lehman Brothers Holdings, Inc. Series MTN1 0.00%, (1 Month CPI YOY + 2.25%) 2/17/2015			110,000		110
Lehman Brothers Holdings, Inc. Series MTNG 0.00% (1 Month CPI YOY + 2.25%), 07/08/2014			130,000		65
Lehman Brothers Holdings, Inc. Series MTNG 7.00%, 1/28/2020			100,000		50
Lehman Brothers Holdings, Inc. Series MTNH, 8.250%, 9/23/2020			100,000		50
Red Sun Properties Group, Inc., 7.30% due 1/13/2025 + ●			2,000,000		26,250
Red Sun Properties Group, Inc., 7.30% due 1/13/2025 + ●			2,400,000		31,500
Redco Properties Group, Ltd., 11.000%, 08/06/2023 +			3,000,000		30,000
Rongchangda Development, 3.00%, 3/29/2028 + ●			600,000		4,500
Rongchangda Development, 3.00%, 3/29/2028 + ●			286,416		2,148
Ronshine China Holdings, Ltd., 7.35%, 12/15/2023 +			1,000,000		16,100
Ronshine China Holdings, Ltd., 8.75%, 10/2/2022 +			3,000,000		48,000
Shimao Group Holdings, Ltd. 5.200% 01/16/2027 +			1,500,000		57,855
Sino Ocean Land Treasure Finance III, 6.946%, Perpetual			3,000,000		62,970
Sunac China Holdings, Ltd., 7.250%, 09/30/2030 ●			2,000,000		138,660
Sunac China Holdings, Ltd., 7.250%, 09/30/2030 ●			2,000,000		138,660
Times China Holdings, Ltd., 5.75%, 01/14/2027 +			2,000,000		62,500
Yuzhou Group Holdings Company Limited 5.370% Perpetual +			505,000		7,575
Zhenro Properties Group 14.724 PERP * +			6,000,000		82,500
Zhenro Properties Group, 6.630%, 01/06/2026 * +			500,000		8,085

					1,001,987

Oil, Gas & Coal - 0.17%
Paratus Energy Services Ltd. Series 144A (United Kingdom) 10.000%, 07/15/2026 ●			172,095		170,361
Seadrill New Finance Private Placement Series 144A (United Kingdom) 12.00%, 7/15/2025			128,802		0

					170,361

Radio Telephone Communications - 0.02%
Digicel Group 0.5 Ltd. 8.0%, 04/01/2025 ● #			56,915		10,463
Digicel Group 0.5 Ltd. Private Placement Series 144A Conv. (Bermuda)7.00%, Perpetual ●			92,684		4,912

					15,375

Real Estate - 0.15%
KWG Group Holdings, Ltd., 7.400%, 001/13/2027			2,000,000		152,940

Retail - Grocery Stores - 0.00%
Winn Dixie Stores, Inc. 8.875%, 04/01/2008 ●			50,000		0

Shell Companies - 0.04%
Nabors Energy Transition Corp. II			3,600.000		37,728

Venture Capital - 0.00%
Infinity Capital Group 7.00%, 12/31/2049 + ^ † #			25,000		0

Total Corporate Bonds			(Cost $ 1,292,155)		1,378,391

Government Bonds - 0.07%

Lebanese Republic - 0.07%
Lebanese Republic Series GMTN (Lebanon) 6.15%, 6/19/2020			1,000,000		67,500

Total Government Bonds			(Cost $ 212,500)		67,500

Mortgage-Backed Securities - 0.00%

GNR Government National Mortgage Series 2019-108 Class NI, 4.00%, 08/20/2049			76,070		2,179
GSR Mortgage Loan Trust Series 2005-5F Class B2, 5.76%, 6/25/2035			41,531		0

Total Mortgage-Backed Securities			(Cost $ 33,029)		2,179

Municipal Bonds - 0.09%

Puerto Rico - 0.09%
Puerto Rico Commonwealth Restructured Series A1, 4.00%, 7/01/2037			17,074		16,476
Puerto Rico Commonwealth Restructured Series A1, 5.625%, 7/01/2029			24,036		26,295
Puerto Rico Electric Power Authority Series CCC, 4.25%, 7/01/2021			10,000		2,625
Puerto Rico Electric Power Authority Series CCC, 4.25%, 7/01/2023			10,000		2,625
Puerto Rico Electric Power Authority Series DDD, 3.50%, 7/01/2020			75,000		19,688
Puerto Rico Electric Power Authority Series DDD, 3.625%, 7/01/2021			30,000		7,875
Puerto Rico Electric Power Authority Series TT, 5.00%, 7/01/2020			25,000		6,563
Puerto Rico Electric Power Authority Series TT, 5.00%, 7/01/2020			30,000		7,875
Puerto Rico Electric Power Authority Series WW, 5.50%, 7/01/2019			15,000		3,938

Total Municipal Bonds			(Cost $ 185,750)		93,959

Preferred Stocks - 1.02%

Government Agencies - 1.01%
Federal Home Loan Mortgage Corp. Series B, 0.00%, (3 Month LIBOR USD + 0.1377%) Perpetual			12,500.000		67,500
Federal Home Loan Mortgage Corp. Series B, 0.00%, (3 Month LIBOR USD + 0.1377%) Perpetual			6,500.000		35,100
Federal Home Loan Mortgage Corp. Series F, 5.00%, Perpetual			4,500.000		26,685
Federal Home Loan Mortgage Corp. Series H, 5.10%, Perpetual			24,000.000		128,400
Federal Home Loan Mortgage Corp. Series H, 5.10%, Perpetual			31,000.000		165,850
Federal Home Loan Mortgage Corp. Series M, 0.00%, Perpetual			2,000.000		11,000
Federal Home Loan Mortgage Corp. Series M, 0.00%, Perpetual			1,100.000		6,050
Federal Home Loan Mortgage Corp. Series M, 0.00%, Perpetual			7,500.000		41,250
Federal Home Loan Mortgage Corp. Series Q, 0.00%, Perpetual			5,589.000		29,789
Federal Home Loan Mortgage Corp. Series Q, 0.00%, Perpetual			9,379.000		49,990
Federal Home Loan Mortgage Corp. Series Q, 0.00%, Perpetual			6,400.000		34,112
Federal Home Loan Mortgage Corp. Series Q, 0.00%, Perpetual			6,811.000		36,303
Federal Home Loan Mortgage Corp. Series Q, 0.00%, Perpetual			1,000.000		5,330
Federal Home Loan Mortgage Corp. Series Q, 0.00%, Perpetual			13,700.000		73,021
Federal Home Loan Mortgage Corp. Series S, 0.00%, (3 Month LIBOR USD + 0.50%) Perpetual			7,500.000		44,925
Federal Home Loan Mortgage Corp. Series S, 0.00%, (3 Month LIBOR USD + 0.50%) Perpetual			15,000.000		89,850
Federal Home Loan Mortgage Corp. Series S, 0.00%, (3 Month LIBOR USD + 0.50%) Perpetual			2,500.000		14,975
Federal National Mortgage Corp. Series H, 5.81%, Perpetual			5,500.000		36,685
Federal National Mortgage Corp. Series I, 5.375%, Perpetual			700.000		4,165
Federal National Mortgage Corp. Series M, 4.75%, Perpetual			4,440.000		26,818
Federal National Mortgage Corp. Series N, 5.50%, Perpetual			360.000		2,290
Federal National Mortgage Corp. Series T 8.25%, Perpetual			20,000.000		75,600

					1,005,687

Real Estate - 0.01%
Brookfield Property Partners LP 6.25% (Bermuda)			722		11,234

Total Preferred Stocks			(Cost $ 1,291,235)		1,016,921

Special Purpose Acquisition Company - 0.33%

Special Purpose Acquisition Company - 0.33%
A SPAC II Acquisition Corporation			15,000		162,600
AIB Acquisition Corp. Class A Rts 10/31/28			5,000		722
Ares Acquisition Corp. II			3,1000		32,829
Disruptive Acquisition Corp. I Class A			4,800		51,264
Investcorp Europe Acquisition Corp. I Class A (Cayman Islands)			7,000		78,890
JVSPAC Acquisition Corp.			500		5,150

Total Special Purpose Acquisition Company			(Cost $ 304,000)		331,455

Warrants - 0.01%

Investment Companies - 0.01%
Airship AI Holdings, Inc. Warrant @ $6.59 (Notional Value $42,835)*			6,500		2,941
Blue World Acquisition Corporation Warrants 1/10/2029 @ $10.72 (Notional Value $53,600)*			5,000		1,038
Brand Engagement Network, Inc. Warrant @ $6.75 (Notional Value $13,946)*			2,066		248
Captivision Inc. Warrants @ $6.55 (Notional Value $13,100)*			2,000		243
DIH Holdings, Inc. Warrant @ $1.10 (Notional Value $33,000)*			30,000		900
Disruptive Acquisition Corp. I Class A Warrant 03/06/2026 @ $0.03 (Notional Value $48)*			1,600		40
Intelsat Emergence SA Warrant 2/17/2027 @ 0.00 (Notional Value $0.00)*			6		0
Investcorp Europe Acquisition Corp. I Class A Warrants, 11/23/2028 @ $0.04 (Notional Value $140)*			3,500		123
Kismet Acquisition Two Corp. Class A Warrant 12/31/2027 @ $0.00 (Notional Value $0.00)*			633		0
Nature's Miracle Holdings, Inc. Warrant 3/8/2029 @ $0.08 (Notional Value $200)*			2,500		200
Northern Star Investment Corp. III Class A Warrant 02/25/2028 @ $0.00 (Notional Value $0.00)*			1,216		0
Northern Star Investment Corp. IV Class A Warrant 12/31/2027 @ $0.00 (Notional Value $0.00)*			1,216		0
OceanTech Aquisitions I Corp. Class A Warrants 05/10/2026 @ $0.07 @ $0.00 (Notional Value $1,729)*			24,700		1,850
Semantix, Inc. Class A Warrants 08/04/2027 @ $0.01 @ $0.00 (Notional Value $3.75)*			375		4
SunCar Technology Group, Inc. Class A, Warrant 05/18/2028 @ $0.27 @ $0.00 (Notional Value $81)*			300		82

					7,669

U.S. Government Obligations - 15.61%

U.S. Government Treasury Bill, 2.75%, 08/15/2032			2,000,000		1,795,391
U.S. Treasury Note, 1.125%, 1/15/2025			2,000,000		1,938,711
U.S. Treasury Note, 1.50%, 11/30/2024			2,000,000		1,951,621
U.S. Treasury Note, 2.25%, 11/15/2024			2,000,000		1,963,750
U.S. Treasury Note, 4.375%, 10/31/2024			2,000,000		1,989,792
U.S. Treasury Note 3.375% 5/15/2033			2,000,000		1,875,313
U.S. Treasury Note 4.50% 11/15/2033			4,000,000		4,092,500

Total U.S. Government Obligations			(Cost $ 15,727,678)		15,607,078

Bank Deposit Accounts - 0.72%

Collateral UMB Bank (b)			715,400		715,400

Total Bank Deposit Accounts			(Cost $ 715,400)		715,400

Total Investments - 94.72%			(Cost $ 107,711,843)		94,690,403

INVESTMENTS IN WRITTEN OPTIONS, AT VALUE - (5.02)%					(11,479,325)

Assets In Excess of Liabilities (16.76%)					16,759,748

Total Net Assets - 100.00%					99,970,826

Options

	Long (Short)		Notional Value of		Fair
	Contracts	Expiration Date	Contracts ($)		Value ($)
Call Options
Dominion Energy, Inc., Strike $30.00	550	1/17/2025	1,650,000		1,089,000
Newmont Corp., Strike $30.00	590	1/17/2025	1,770,000		486,160
Royal Gold, Inc., Strike $105.00	40	1/17/2025	420,000		92,480
Seabridge Gold, Inc., Strike $13.00	500	7/19/2024	650,000		135,000

	1680		4,490,000		1,802,640

Put Options
Agnico Eagle Mines Ltd., Strike $50.00	200	1/17/2025	1,000,000		46,000
Archer-Daniels Midland, Co., Strike $52.50	130	1/17/2025	682,500		25,025
Archer-Daniels Midland, Co., Strike $52.50	120	1/17/2025	630,000		23,100
AT&T Inc., Strike $13.00	800	1/17/2025	1,040,000		16,800
Colgate-Palmolive, Co., Strike $75.00	300	1/17/2025	2,250,000		30,000
Colgate-Palmolive, Co., Strike $80.00	320	1/17/2025	2,560,000		52,800
Colgate-Palmolive, Co., Strike $80.00	100	1/17/2025	800,000		16,500
Colgate-Palmolive, Co., Strike $75.00	70	6/21/2024	525,000		1,925
Cracker Barrel Old Country Store, Inc., Strike $65.00	200	11/15/2024	1,300,000		121,000
Crown Castle International, Inc. Strike $105.00	205	1/17/2025	2,152,500		194,135
Dollar Tree, Inc., Strike $110.00	100	6/21/2024	1,100,000		10,100
Dominion Energy, Inc., Strike $40.00	150	1/16/2025	600,000		42,750
Humana, Inc., Strike $360.00	50	1/17/2025	1,800,000		195,250
Humana, Inc., Strike $330.00	40	6/20/2025	1,320,000		130,000
Humana, Inc., Strike $350.00	50	6/20/2025	1,750,000		202,000
International Flavors & Fragrances, Inc. Strike $80.00	300	12/20/2024	2,400,000		151,500
International Flavors & Fragrances, Inc. Strike $70.00	70	12/20/2024	490,000		13,300
JD.com, Strike $22.50	600	1/16/2026	1,350,000		243,000
Johnson & Johnson, Strike $150.00	50	1/17/2025	750,000		24,200
Johnson & Johnson, Strike $160.00	130	1/17/2025	2,080,000		111,800
L3Harris Technologies, Inc., Strike $175.00	65	5/17/2024	1,137,500		1,625
Lennar Corp., Strike $130.00	60	5/17/2024	780,000		1,560
Marathon Petroleum Corp., Strike $110.00	200	6/21/2024	2,200,000		5,000
Newmont Corp., Strike $30.00	300	1/16/2026	900,000		96,750
NiSource, Inc., Strike $25.00	600	7/19/2024	1,500,000		19,800
Post Holdings, Inc., Strike $80.00	100	12/20/2024	800,000		11,250
PPL Corp., Strike $25.00	1650	11/17/2025	4,125,000		140,250
SPDR S&P 500 ETF Trust, Strike $465.00	85	12/20/2024	3,952,500		68,085
SPDR S&P 500 ETF Trust, Strike $470.00	70	6/28/2024	3,290,000		15,120
Suncor Energy, Inc., Strike $28.00	1100	7/19/2024	3,080,000		19,800
The J. M. Smucker Co., Strike $125.00	250	1/17/2025	3,125,000		263,750
Yum China Holdings, Inc., Strike $35.00	150	1/17/2025	5,250,000		30,000


	8615		56,720,000		2,324,175

Call Options Written
Agnico Eagle Mines Ltd., Strike $50.00	(175)	8/16/2024	(875,000)		(197,750)
Agnico Eagle Mines Ltd., Strike $50.00	(200)	1/17/2025	(1,000,000)		(260,000)
Agnico Eagle Mines Ltd., Strike $55.00	(220)	5/17/2024	(1,210,000)		(129,800)
Archer-Daniels Midland, Co., Strike $52.50	(120)	1/17/2025	(630,000)		(156,600)
Archer-Daniels Midland, Co., Strike $52.50	(130)	1/17/2025	(682,500)		(169,650)
AT&T, Inc., January 17, 2025, Strike $15.00	(800)	1/17/2025	(1,200,000)		(235,200)
Baxter International, Inc., Strike $40.00	(230)	5/17/2024	(920,000)		(91,080)
Kellogg Co., Strike $57.50	(250)	5/17/2024	(1,000,000)		(99,000)
Biomarin Pharmaceutical, Inc., Strike $85.00	(24)	6/21/2024	(204,000)		(15,840)
Chevron Corp., Strike $155.00	(40)	6/20/2025	(620,000)		(65,900)
Colgate-Palmolive, Co., Strike $75.00	(300)	1/17/2025	(2,250,000)		(526,500)
Colgate-Palmolive, Co., Strike $80.00	(100)	1/17/2025	(800,000)		(135,000)
Colgate-Palmolive, Co., Strike $80.00	(320)	1/17/2025	(2,560,000)		(432,000)
Colgate-Palmolive, Co., Strike $75.00	(70)	6/21/2024	(525,000)		(108,500)
Cracker Barrel Old Country Store, Inc., Strike $65.00	(200)	11/15/2024	(1,300,000)		(249,000)
Crown Castle International, Inc. Strike $105.00	(205)	1/17/2025	(2,152,500)		(212,175)
Dollar Tree, Inc., Strike $115.00	(100)	6/21/2024	(1,150,000)		(208,500)
Globus Medical, Inc., Strike $50.00	(180)	6/21/2024	(900,000)		(105,300)
Humana, Inc., Strike $360.00	(50)	1/17/2025	(1,800,000)		(185,000)
Humana, Inc., Strike $330.00	(40)	6/20/2025	(1,320,000)		(259,200)
Illumina, Inc., Strike $100.00	(200)	12/20/2024	(2,200,000)		(952,000)
Illumina, Inc., Strike $115.00	(50)	12/20/2024	(575,000)		(185,500)
International Flavors & Fragrances, Inc. Strike $70.00	(70)	12/20/2024	(490,000)		(144,200)
International Flavors & Fragrances, Inc. Strike $80.00	(300)	12/20/2024	(2,400,000)		(420,000)
JD.com, Strike $22.50	(600)	1/16/2026	(1,350,000)		(525,000)
Johnson & Johnson, Strike $150.00	(50)	1/17/2025	(750,000)		(79,850)
Johnson & Johnson, Strike $160.00	(130)	1/17/2025	(2,080,000)		(125,320)
Kellogg Co., Strike $57.50	(100)	9/20/2024	(575,000)		(33,800)
L3Harris Technologies, Inc., Strike $180.00	(61)	5/17/2023	(1,098,000)		(213,195)
L3Harris Technologies, Inc., Strike $180.00	(2)	5/17/2023	(36,000)		(6,990)
Marathon Petroleum Corp., Strike $125.00	(200)	6/21/2024	(2,500,000)		(1,554,500)
Mercury Systems, Inc. Strike $30.00	(100)	12/20/2024	(300,000)		(40,000)
Mercury Systems, Inc. Strike $37.50	(660)	7/19/2024	(2,475,000)		(100,650)
Newmont Corp., Strike $30.00	(300)	1/16/2026	(900,000)		(306,000)
Newmont Corp., Strike $45.00	(1,180)	1/17/2025	(5,310,000)		(236,000)
NiSource, Inc.Strike $25.00	(340)	7/19/2024	(850,000)		(102,000)
NiSource, Inc., Strike $25.00	(260)	7/19/2024	(650,000)		(78,000)
Post Holdings, Inc.,Strike $80.00	(100)	12/20/2024	(800,000)		(307,500)
PPL Corp., Strike $25.00	(1,650)	1/17/2025	(4,125,000)		(610,500)
PPL Corp., Strike $27.00	(300)	10/18/2024	(810,000)		(54,900)
Royal Gold, Inc., Strike $120.00	(80)	1/17/2025	(960,000)		(123,200)
Seabridge Gold, Inc., Strike $15.00	(50)	7/19/2024	(75,000)		(92,000)
Seabridge Gold, Inc., Strike $15.00	(50)	7/19/2024	(75,000)		(92,000)
Suncor Energy, Inc., Strike $30.00	(1,100)	7/19/2024	(3,300,000)		(786,500)
The J. M. Smucker Co., Strike $125.00	(250)	1/17/2025	(3,125,000)		(295,000)
Treehouse Foods, Inc., Strike $40.00	(49)	5/17/2024	(196,000)		(7,105)
Treehouse Foods, Inc., Strike $40.00	(16)	5/17/2024	(64,000)		(2,320)
Yum China Holdings, Inc., Strike $35.00	(150)	1/17/2025	(122,500)		(127,050)

	(12,152)		(61,290,500)		(11,443,075)

Put Options Written
Humana, Inc., Strike $260.00	(50)	1/17/2025	(1,300,000)		(36,250)

	(50)		(1,300,000)		(36,250)

Total Options			(Cost $ 1,380,500)		(7,352,510)


(1) *Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"* - Various inputs are used in determining the value of the Fund's investments.
These inputs are summarized in the three broad levels listed below.
• Level 1 - quoted prices in active markets for identical securities
• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The following is a summary of the inputs used as of March 28, 2024 in valuing the Fund's assets carried at fair value:

			Investments in		Other Financial
Valuation Inputs			Securities		Instruments
Level 1 - Quoted Prices		$	81,411,650	$	-
Level 2 - Other Significant Observable Inputs			13,278,753		-
Level 3 - Significant Unobservable Inputs			0		-
Total		$	94,690,403	$	-

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term
debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment
Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active
market, such securities are reflected as Level 2.

ADR - American Depositary Receipt.
* Represents non-income producing securities.
** Variable rate security; the coupon rate shown represents the yield at March 28, 2024.
+ Default Bonds
∞ Distressed Securities.
● Level 2 Security.
~ Variable Rate Security. The coupon is based on an underlying pool of loans.
Δ Indicates a delisted security. Total market value for delisted securities is $256,565 representing .25% of net assets.
† Indicates an illiquid security. Total market value for illiquid securities is $91,931 representing .09% of net assets.
^ Indicates a fair valued security. Total market value for fair valued securities is $30,278 representing .03% of net assets and Level 3 securities.
(a) Subject to written option contracts.
(b) All or a portion of this security is held as collateral for written options. Total value of collateral for written options is $11,479,325 representing 11.48% of net assets.
# Denotes a restricted security that may be sold without restriction to "qualified institutional buyers" as defined in Rule 144A under the Securities Act of 1933, as amended, is $18,476 representing .02% of net assets.

Frank Value Fund (FRNKX) NPORT-PCamelot Event Driven Fund (Mar 2024 report)