P/E Global Enhanced International Fund
  
Schedule of Investments
  
November 30, 2025 (Unaudited)
  
   
U.S. TREASURY BILLS - 81.8%
Par
  
Value
 
3.89%, 12/16/2025 (a)
    
28,000,000
    
$
27,954,506
  
TOTAL U.S. TREASURY BILLS (Cost $27,954,791)
      
27,954,506
  
                 
TOTAL INVESTMENTS - 81.8% (Cost $27,954,791)
      
27,954,506
  
Other Assets in Excess of Liabilities - 18.2%
      
6,237,556
  
TOTAL NET ASSETS - 100.0%
          
$
34,192,062
  
                 
Par amount is in USD unless otherwise indicated.
          
Percentages are stated as a percent of net assets.
          

(a)
The rate shown is the annualized yield as of November 30, 2025.

P/E Global Enhanced International Fund
  
Schedule of Futures Contracts
  
November 30, 2025 (Unaudited)
  
   
Description
  
Contracts Purchased
  
Expiration Date
  
Notional Value
    
Value / Unrealized Appreciation (Depreciation)
  
   MSCI EAFE Index
    
243
  
12/19/2025
  
$
34,249,635
    
$
337,724
  
   US Dollar/Norwegian Krone Cross Currency Rate
    
2
  
12/15/2025
    
200,066
      
2,949
  
   US Dollar/Swedish Krona Cross Currency Rate
    
8
  
12/15/2025
    
799,390
      
9,138
  
                     
$
349,811
  
                       
–
  
Description
  
Contracts Sold
  
Expiration Date
  
Notional Value
    
Value / Unrealized Appreciation (Depreciation)
  
   Australian Dollar/US Dollar Cross Currency Rate
    
(205)
12/15/2025
  
$
13,433,650
    
$
115,052
  
   British Pound/US Dollar Cross Currency Rate
    
(75)
12/15/2025
    
6,203,906
      
121,729
  
   Canadian Dollar/US Dollar Cross Currency Rate
    
(1)
12/16/2025
    
71,625
      
1,122
  
   Euro/US Dollar Cross Currency Rate
    
(309)
12/15/2025
    
44,849,419
      
746,661
  
   Japanese Yen/US Dollar Cross Currency Rate
    
(134)
12/15/2025
    
10,737,587
      
694,773
  
   Mexican Peso/US Dollar Cross Currency Rate
    
(6)
12/15/2025
    
163,710
      
(4,247
)
   New Zealand Dollar/US Dollar Cross Currency Rate
    
(14)
12/15/2025
    
803,950
      
28,643
  
   Swiss Franc/US Dollar Cross Currency Rate
    
(20)
12/15/2025
    
3,118,000
      
61,356
  
                     
$
1,765,089
  
Net Unrealized Appreciation (Depreciation)
        
$ –
  
$
–
    
$
2,114,900
  


Summary of Fair Value Disclosure as of November 30, 2025 (Unaudited)
 
P/E Global Enhanced International Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
 
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
 
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
 
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.
 
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of November 30, 2025:
 
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Investments:
                        
  Short-Term Investments
  
$
–
    
$
27,954,506
    
$
–
    
$
27,954,506
  
Total Investments
  
$
–
    
$
27,954,506
    
$
–
    
$
27,954,506
  
   
Other Financial Instruments:
                                
  Futures Contracts*
  
$
2,119,147
    
$
–
    
$
–
    
$
2,119,147
  
Total Other Financial Instruments
  
$
2,119,147
    
$
–
    
$
–
    
$
2,119,147
  
                                 
Liabilities:
                                
Other Financial Instruments:
                                
  Futures Contracts*
  
$
(4,247
)
  
$
–
    
$
–
    
$
(4,247
)
Total Other Financial Instruments
  
$
(4,247
)
  
$
–
    
$
–
    
$
(4,247
)
   
* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of November 30, 2025.
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.