Channing

Intrinsic

Value

Small-Cap

Fund

Schedule

of

Investments

October

31,

2022

-

(Unaudited)

COMMON

STOCKS

—

96.98%

Shares

Fair

Value

Communications

—

2.05%

Gray

Television,

Inc.

9,412‌

$

133,180‌

Consumer

Discretionary

—

10.91%

Asbury

Automotive

Group,

Inc.

(a)

843‌

132,983‌

Boyd

Gaming

Corp.

2,577‌

148,848‌

Madison

Square

Garden

Entertainment

Corp.,

Class

A

(a)

2,800‌

137,284‌

Marriott

Vacations

Worldwide

Corp.

1,015‌

149,976‌

OneSpaWorld

Holdings

Ltd.

(a)

15,429‌

139,941‌

709,032‌

Consumer

Staples

—

3.60%

Darling

Ingredients,

Inc.

(a)

2,507‌

196,750‌

Spectrum

Brands

Holdings,

Inc.

809‌

37,327‌

234,077‌

Energy

—

3.83%

Callon

Petroleum

Co.

(a)

1,765‌

77,589‌

PDC

Energy,

Inc.

2,378‌

171,549‌

249,138‌

Financials

—

28.14%

Artisan

Partners

Asset

Management,

Inc.,

Class

A

3,958‌

112,843‌

Banner

Corp.

2,937‌

219,541‌

Cadence

Bank

5,725‌

158,296‌

Hanover

Insurance

Group,

Inc.

1,159‌

169,782‌

Horace

Mann

Educators

Corp.

4,013‌

158,353‌

Independent

Bank

Corp.

2,308‌

200,819‌

Pacific

Premier

Bancorp,

Inc.

4,664‌

169,816‌

Selective

Insurance

Group,

Inc.

1,756‌

172,228‌

SouthState

Corp.

1,789‌

161,779‌

Stifel

Financial

Corp.

2,767‌

171,194‌

Synovus

Financial

Corp.

3,371‌

134,334‌

1,828,985‌

Health

Care

—

8.49%

Integer

Holdings

Corp.

(a)

2,257‌

140,679‌

Medpace

Holdings,

Inc.

(a)

619‌

137,406‌

Merit

Medical

Systems,

Inc.

(a)

2,087‌

143,522‌

NuVasive,

Inc.

(a)

2,962‌

130,713‌

552,320‌

Industrials

—

24.22%

Belden,

Inc.

2,409‌

167,739‌

Brink's

Co.

(The)

2,545‌

151,758‌

Cactus,

Inc.,

Class

A

3,424‌

177,090‌

Cryoport,

Inc.

(a)

1,121‌

31,119‌

Enovis

Corp.

(a)

2,762‌

136,581‌

Hexcel

Corp.

2,763‌

153,899‌

Hillenbrand,

Inc.

3,197‌

141,243‌

MSA

Safety,

Inc.

1,364‌

183,104‌

Regal

Rexnord

Corp.

1,217‌

153,999‌

SPX

Technologies,

Inc.

(a)

2,668‌

175,661‌

Channing

Intrinsic

Value

Small-Cap

Fund

Schedule

of

Investments

(continued)

October

31,

2022

-

(Unaudited)

COMMON

STOCKS

—

96.98%

-

(continued)

Shares

Fair

Value

Industrials

—

24.22%

-

continued

Zurn

Water

Solutions

Corp.

4,374‌

$

102,745‌

1,574,938‌

Materials

—

5.23%

Allegheny

Technologies,

Inc.

(a)

5,851‌

174,126‌

Avient

Corp.

4,820‌

166,242‌

340,368‌

Real

Estate

—

5.05%

Corporate

Office

Properties

Trust

6,919‌

184,392‌

Physicians

Realty

Trust

9,570‌

144,124‌

328,516‌

Technology

—

5.46%

Coherent

Corp.

(a)

2,714‌

91,218‌

Diodes,

Inc.

(a)

1,774‌

127,143‌

Lumentum

Holdings,

Inc.

(a)

412‌

30,673‌

MaxLinear,

Inc.

(a)

3,432‌

105,980‌

355,014‌

Total

Common

Stocks

(Cost $6,858,055)

6,305,568‌

MONEY

MARKET

FUNDS

-

3.35%

First

American

Treasury

Obligations

Fund,

Class

X,

3.06%

(b)

217,865‌

217,865‌

Total

Money

Market

Funds

(Cost

$217,865)

217,865‌

Total

Investments

—

100.33%

(Cost

$7,075,920)

6,523,433‌

Liabilities

in

Excess

of

Other

Assets — (0.33)%

(21,618‌)

NET

ASSETS

—

100.00%

$

6,501,815‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

October

31,

2022.