Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON BURKENROAD SMALL CAP FUND

Description	Shares		Value (000)
Common Stock — 99.7%
Aerospace & Defense — 1.9%
HEICO		21,000	$    2,198
Total Aerospace & Defense			2,198
Automotive — 2.4%
AGCO		21,000	1,560
AutoNation *		22,000	1,164
Total Automotive			2,724
Banks — 10.9%
International Bancshares		69,000	1,798
Mr Cooper Group *		122,000	2,723
Prosperity Bancshares		34,000	1,762
ServisFirst Bancshares		41,000	1,395
Synovus Financial		58,000	1,228
Trustmark		75,000	1,606
United Community Banks		102,000	1,727
Total Banks			12,239
Building & Construction — 6.3%
Masonite International *		21,000	2,066
Taylor Morrison Home, Cl A *		85,000	2,090
TopBuild *		17,000	2,902
Total Building & Construction			7,058
Chemicals — 2.2%
Element Solutions *		121,000	1,272
Huntsman		54,000	1,199
Total Chemicals			2,471
Commercial Services — 1.7%
Insperity		29,000	1,899
Total Commercial Services			1,899
Computer Software — 8.2%
ACI Worldwide *		51,000	1,333
Digital Turbine *		122,000	3,994
Ebix		82,000	1,689
RealPage *		38,000	2,190
Total Computer Software			9,206
Computers & Services — 1.8%
Lumentum Holdings *		27,000	2,029
Total Computers & Services			2,029
Electrical Utilities — 0.9%
Vistra		53,000	1,000
Total Electrical Utilities			1,000
Engineering Services — 2.7%
Comfort Systems USA		33,000	1,700
MasTec *		32,000	1,350
Total Engineering Services			3,050
Food, Beverage & Tobacco — 0.9%
Fresh Del Monte Produce		44,000	1,008
Total Food, Beverage & Tobacco			1,008
Insurance — 5.1%
American National Group		16,000	1,081

Description	Shares		Value (000)
Insurance (continued)
Amerisafe		33,000	$    1,893
Kemper		13,000	869
Primerica		17,000	1,923
Total Insurance			5,766
Leasing & Renting — 1.9%
Aaron’s		38,000	2,153
Total Leasing & Renting			2,153
Machinery — 3.4%
Alamo Group		21,000	2,269
Mueller Water Products, Cl A		147,000	1,527
Total Machinery			3,796
Manufacturing — 2.6%
Acuity Brands		12,000	1,228
Bloom Energy, Cl A *		95,000	1,707
Total Manufacturing			2,935
Materials — 1.3%
Eagle Materials		17,000	1,467
Total Materials			1,467
Media — 4.5%
Cardlytics *		31,000	2,188
Glu Mobile *		195,000	1,496
Gray Television *		100,000	1,377
Total Media			5,061
Medical Products & Services — 16.5%
Amedisys *		12,500	2,955
Arena Pharmaceuticals *		20,000	1,496
Arrowhead Pharmaceuticals *		21,000	904
Catalyst Pharmaceuticals *		270,000	802
Dicerna Pharmaceuticals *		47,000	846
Encompass Health		31,000	2,014
HMS Holdings *		34,000	814
Integer Holdings *		30,000	1,770
Molecular Templates *		58,000	633
REGENXBIO *		16,000	440
Repligen *		12,000	1,771
Sorrento Therapeutics *		125,000	1,394
US Physical Therapy		24,000	2,085
Voyager Therapeutics *		56,000	598
Total Medical Products & Services			18,522
Paper & Paper Products — 1.1%
Neenah		34,000	1,274
Total Paper & Paper Products			1,274
Petroleum & Fuel Products — 4.4%
Cabot Oil & Gas		59,000	1,024
Cactus, Cl A		61,000	1,171
Halliburton		120,000	1,446
Magnolia Oil & Gas *		250,000	1,293
Total Petroleum & Fuel Products			4,934
Petroleum Refining — 0.8%
HollyFrontier		44,000	867
Total Petroleum Refining			867

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON BURKENROAD SMALL CAP FUND

Description	Shares		Value (000)
Real Estate Investment Trust — 6.2%
American Campus Communities		33,000	$    1,152
Americold Realty Trust		30,000	1,073
CyrusOne		20,000	1,401
Lamar Advertising, Cl A		28,000	1,853
NexPoint Residential Trust		33,291	1,476
Total Real Estate Investment Trust			6,955
Retail — 7.1%
GMS *		56,000	1,350
Pool		9,500	3,178
Ruth’s Hospitality Group		113,000	1,250
Sally Beauty Holdings *		97,000	843
YETI Holdings *		29,000	1,314
Total Retail			7,935
Semi-Conductors & Instruments — 4.9%
Cirrus Logic *		32,000	2,159
Diodes *		41,000	2,314
Jabil		32,000	1,096
Total Semi-Conductors & Instruments			5,569
Total Common Stock (Cost $78,327 (000))			112,116
Cash Equivalent (A) — 0.8%
Goldman Sachs Financials Square Funds Government, Cl Institutional, 0.030%		834,695	835
Total Cash Equivalent (Cost $835 (000))			835
Total Investments — 100.5% (Cost $79,162 (000))			$112,951

Percentages are based on net assets of $112,406 (000).

* Non-income producing security.

(A) The rate reported is the 7-day effective yield as of September 30, 2020.

Cl — Class

As of September 30, 2020, all of the Fund’s investments are Level 1 of the fair value hierarchy, in accordance with the authoritative guidance under U.S. GAAP.

For the period ended September 30, 2020, there were no transfers in or out of Level 3.

For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent

semi-annual or annual financial statements.

    HHF-QH-002-2500

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON DIVERSIFIED INCOME FUND

Description	Shares		Value (000)
Common Stock — 45.2%
Banks — 3.9%
Bank of America		9,121	$      220
JPMorgan Chase		2,232	215
KeyCorp		18,937	226
New York Community Bancorp		21,193	175
Northwest Bancshares		16,139	148
People’s United Financial		12,903	133
Valley National Bancorp		19,135	131
Total Banks			1,248
Beauty Products — 0.5%
Estee Lauder, Cl A		697	152
Total Beauty Products			152
Chemicals — 0.6%
LyondellBasell Industries, Cl A		2,628	185
Total Chemicals			185
Computers & Services — 1.9%
Microsoft		1,166	245
Seagate Technology		4,730	233
Xerox Holdings		7,074	133
Total Computers & Services			611
Containers & Packaging — 0.4%
Greif, Cl A		3,627	131
Total Containers & Packaging			131
E-Commerce — 0.6%
PetMed Express		6,005	190
Total E-Commerce			190
Electrical Utilities — 2.3%
Duke Energy		3,040	269
FirstEnergy		7,663	220
PPL		9,313	254
Total Electrical Utilities			743
Food, Beverage & Tobacco — 2.3%
Altria Group		4,208	163
Coca-Cola		2,772	137
Philip Morris International		2,985	224
Universal		4,810	201
Total Food, Beverage & Tobacco			725
Household Products — 0.4%
Newell Brands		8,230	141
Total Household Products			141
Information Technology — 0.7%
International Business Machines		1,810	220
Total Information Technology			220
Insurance — 1.7%
Metlife		2,552	95
Old Republic International		11,378	168
Principal Financial Group		3,094	124
Prudential Financial		1,301	83

Description	Shares		Value (000)
Insurance (continued)
Unum Group		4,292	$        72
Total Insurance			542
Media — 0.3%
Interpublic Group		6,291	105
Total Media			105
Medical Products & Services — 2.5%
AbbVie		2,161	189
Amgen		863	219
Five Star Senior Living *		356	2
Gilead Sciences		2,482	157
Medtronic		2,087	217
Total Medical Products & Services			784
Paper & Paper Products — 1.7%
International Paper		3,358	136
Schweitzer-Mauduit International		6,142	187
WestRock		6,021	209
Total Paper & Paper Products			532
Petroleum & Fuel Products — 0.6%
Archrock		23,382	126
Helmerich & Payne		4,180	61
Total Petroleum & Fuel Products			187
Petroleum Refining — 1.3%
Chevron		2,061	148
Exxon Mobil		3,097	106
Marathon Petroleum		2,133	63
Valero Energy		1,842	80
Total Petroleum Refining			397
Pharmaceuticals — 0.9%
Johnson & Johnson		906	135
Pfizer		3,833	141
Total Pharmaceuticals			276
Real Estate Investment Trust — 17.2%
Alexandria Real Estate Equities		820	131
American Homes 4 Rent, Cl A		3,853	110
Americold Realty Trust		2,720	97
Armada Hoffler Properties		15,295	142
CoreSite Realty		1,940	231
Crown Castle International		653	109
CubeSmart		3,723	120
CyrusOne		1,815	127
Digital Realty Trust		1,870	274
Diversified Healthcare Trust		5,259	18
Duke Realty		3,747	138
EastGroup Properties		1,243	161
EPR Properties *		3,896	107
Equinix		141	107
Equity LifeStyle Properties		1,643	101
Extra Space Storage		1,105	118
First Industrial Realty Trust		3,217	128
Healthcare Realty Trust		3,719	112
Healthcare Trust of America, Cl A		3,946	103
Healthpeak Properties		4,427	120
Invitation Homes		3,733	104
Iron Mountain		3,915	105
Lamar Advertising, Cl A		3,692	244

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON DIVERSIFIED INCOME FUND

Description	Shares/ Face Amount (000)		Value (000)
Real Estate Investment Trust (continued)
Lexington Realty Trust		9,271	$        97
Life Storage		2,571	271
Medical Properties Trust		8,358	147
National Health Investors		1,744	105
Omega Healthcare Investors		4,152	124
Physicians Realty Trust		6,121	110
Potlatch		2,568	108
Prologis		1,576	159
PS Business Parks		812	99
Public Storage		550	122
Rayonier		3,875	102
Sabra Health Care		7,365	102
SBA Communications, Cl A		353	112
Simon Property Group		834	54
Sun Communities		753	106
Tanger Factory Outlet Centers *		13,087	79
Ventas		2,825	119
VICI Properties		5,087	119
Welltower		1,971	109
Weyerhaeuser *		3,844	110
WP Carey		1,560	102
Total Real Estate Investment Trust			5,463
Retail — 1.3%
American Eagle Outfitters		11,736	174
Buckle		11,741	240
Total Retail			414
Semi-Conductors & Instruments — 1.3%
Broadcom		540	197
QUALCOMM		1,816	214
Total Semi-Conductors & Instruments			411
Telephones & Telecommunication — 1.3%
AT&T		7,946	226
Verizon Communications		2,867	171
Total Telephones & Telecommunication			397
Wholesale — 1.5%
Cardinal Health		4,028	189
Patterson		11,711	282
Total Wholesale			471
Total Common Stock (Cost $15,736 (000))			14,325
Corporate Bonds — 43.0%
Automotive — 2.4%
General Motors Financial (A)
6.500%, VAR ICE LIBOR USD 3 Month+3.436%	$	250	249
Tesla (B)
5.300%, 08/15/25		500	517
Total Automotive			766
Banks — 5.8%
Bank of America (A)
6.100%, VAR ICE LIBOR USD 3 Month+3.898%		250	272
Citigroup (A)
5.950%, VAR ICE LIBOR USD 3 Month+4.068%		250	256

Description	Face Amount (000)		Value (000)
Banks (continued)
Citizens Financial Group (A)
6.375%, VAR ICE LIBOR USD 3 Month+3.157%	$	250	$    248
JPMorgan Chase (A)
4.600%, VAR United States Secured Overnight Financing Rate+3.125%		300	294
PNC Financial Services Group (A)
5.000%, VAR ICE LIBOR USD 3 Month+3.300%		495	523
Wells Fargo (A)
5.900%, VAR ICE LIBOR USD 3 Month+3.110%		250	256
Total Banks			1,849
Computers & Services — 1.6%
CommScope (B)
5.500%, 03/01/24		500	514
Total Computers & Services			514
Consumer Finance — 1.7%
Quicken Loans (B)
5.250%, 01/15/28		500	527
Total Consumer Finance			527
Electrical Utilities — 4.2%
Calpine (B)
4.500%, 02/15/28		500	512
Dominion Energy
5.750%, VAR ICE LIBOR USD 3 Month+3.057%, 10/01/54		250	265
NRG Energy (B)
5.250%, 06/15/29		500	544
Total Electrical Utilities			1,321
Entertainment — 4.3%
International Game Technology (B)
6.500%, 02/15/25		500	532
Netflix (B)
4.875%, 06/15/30		500	570
ViacomCBS
6.250%, VAR ICE LIBOR USD 3 Month+3.899%, 02/28/57		250	274
Total Entertainment			1,376
Financial Services — 2.3%
Charles Schwab (A)
5.000%, VAR ICE LIBOR USD 3 Month+2.575%		250	256
Morgan Stanley (A)
3.885%, VAR ICE LIBOR USD 3 Month+3.610%		250	236
State Street (A)
3.847%, VAR ICE LIBOR USD 3 Month+3.597%		250	249
Total Financial Services			741
Food, Beverage & Tobacco — 1.6%
Vector Group (B)
6.125%, 02/01/25		500	499
Total Food, Beverage & Tobacco			499

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON DIVERSIFIED INCOME FUND

Description	Face Amount (000)		Value (000)
Hotels & Lodging — 3.2%
Hilton Domestic Operating
5.125%, 05/01/26	$	500	$    515
Wyndham Destinations (B)
4.625%, 03/01/30		500	482
Total Hotels & Lodging			997
Industrials — 0.6%
General Electric (A)
5.000%, VAR ICE LIBOR USD 3 Month+3.330%		250	199
Total Industrials			199
Machinery — 0.8%
Stanley Black & Decker
4.000%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+2.657%, 03/15/60		250	260
Total Machinery			260
Media — 1.6%
AMC Networks
5.000%, 04/01/24		500	511
Total Media			511
Oil, Gas & Consumable Fuels — 0.8%
Enbridge
5.500%, VAR ICE LIBOR USD 3 Month+3.418%, 07/15/77		250	237
Total Oil, Gas & Consumable Fuels			237
Petroleum & Fuel Products — 1.0%
Antero Resources
5.000%, 03/01/25		500	312
Total Petroleum & Fuel Products			312
Petroleum Refining — 1.6%
Sunoco
6.000%, 04/15/27		500	514
Total Petroleum Refining			514
Real Estate Management & Development — 1.3%
Brookfield Property Partners (B)
5.750%, 05/15/26		500	394
Total Real Estate Management & Development			394
Retail — 2.3%
AerCap Global Aviation Trust (B)
6.500%, VAR ICE LIBOR USD 3 Month+4.300%, 06/15/45		250	212
United Rentals North America
4.875%, 01/15/28		500	525
Total Retail			737
Telephones & Telecommunication — 1.6%
Cincinnati Bell Telephone
6.300%, 12/01/28		500	511
Total Telephones & Telecommunication			511

Description	Face Amount (000)/ Shares		Value (000)
Transportation Services — 1.7%
XPO Logistics (B)
6.750%, 08/15/24	$	500	$    530
Total Transportation Services			530
Wireless Telecommunication Services — 2.6%
United States Cellular
6.700%, 12/15/33		400	516
Vodafone Group
7.000%, VAR USD Swap Semi 30/360 5 Yr Curr+4.873%, 04/04/79		250	297
Total Wireless Telecommunication Services			813
Total Corporate Bonds (Cost $13,482 (000))			13,608
Preferred Stock — 9.9%
Automotive — 0.8%
Ford Motor 6.200%, 06/01/2059		10,000	249
Total Automotive			249
Banks — 4.2%
CIT Group 5.625% (A)		10,000	224
First Horizon National 6.500% (A)		20,000	545
Truist Financial 5.250% (A)		20,000	550
Total Banks			1,319
Financial Services — 0.8%
Northern Trust 4.700% (A)		10,000	270
Total Financial Services			270
Insurance — 2.5%
Allstate 5.100% (A)		10,000	268
American International Group 5.850% (A)		10,000	272
WR Berkley 5.700%, 03/30/2058		10,000	262
Total Insurance			802
Telecommunication Services — 0.8%
Qwest 6.750%, 06/15/2057		10,000	258
Total Telecommunication Services			258
Telephones & Telecommunication — 0.8%
AT&T 4.750% (A)		10,000	255
Total Telephones & Telecommunication			255
Total Preferred Stock (Cost $3,000 (000))			3,153
Registered Investment Companies — 0.6%
Open-End Funds — 0.4%
BlackRock Floating Rate Income Portfolio, Cl Institutional		13,811	133
BlackRock High Yield Bond Portfolio, Cl Institutional		21	—
Total Open-End Funds			133

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON DIVERSIFIED INCOME FUND

Description	Shares		Value (000)
Exchange Traded Funds — 0.2%
Alerian MLP ETF		37	$            1
VanEck Vectors Preferred Securities ex Financials ETF		2,519	48
Total Exchange Traded Funds			49
Total Registered Investment Companies (Cost $192 (000))			182
Total Investments — 98.5% (Cost $32,410 (000))			$31,268

Percentages are based on net assets of $31,680 (000).

* Non-income producing security.

(A) Perpetual security with no stated maturity date.

(B) 144A — Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On September 30, 2020, the value of these securities amounted to $5,833 (000), representing 18.4% of the net assets.

Cl — Class

ETF — Exchange Traded Fund

ICE — Intercontinental Exchange

LIBOR — London Inter-bank Offered Rate

MLP — Master Limited Partnership

USD — United States Dollar

VAR — Variable Rate

The following is a list of the level of inputs used as of September 30, 2020, in valuing the Fund’s investments carried at value (000):

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	14,325	$	—	$	—	$	14,325
Corporate Bonds		—		13,608		—		13,608
Preferred Stock		—		3,153		—		3,153
Registered Investment Companies		182		—		—		182
Total Investments in Securities	$	14,507	$	16,761	$	—	$	31,268

Amounts designated as “-” are either $0 or have been rounded to $0.

For the period ended September 30, 2020, there were no transfers in or out of Level 3.

For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements.

HHF-QH-011-1700

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON DIVERSIFIED INTERNATIONAL FUND

Description	Shares		Value (000)
Common Stock — 96.6%
Austria — 2.6%
Erste Group Bank *		107,489	$    2,247
Voestalpine		93,846	2,471
Total Austria			4,718
Brazil — 4.4%
Ambev		1,292,100	2,884
Banco Bradesco ADR		808,818	2,774
Petroleo Brasileiro ADR		305,072	2,172
Total Brazil			7,830
Canada — 1.6%
Magna International		61,279	2,795
Total Canada			2,795
Chile — 1.0%
Sociedad Quimica y Minera de Chile ADR		55,230	1,791
Total Chile			1,791
China — 6.9%
Anhui Conch Cement, Cl H		379,500	2,631
Baidu ADR *		20,072	2,541
BYD, Cl H		278,000	4,427
China Oilfield Services, Cl H		4,128,000	2,889
Total China			12,488
Colombia — 1.3%
Bancolombia ADR		89,842	2,296
Total Colombia			2,296
France — 6.7%
Capgemini		25,245	3,238
Eurofins Scientific		4,772	3,768
Safran		29,940	2,952
Sodexo		29,064	2,075
Total France			12,033
Germany — 6.9%
Continental		31,592	3,414
Merck KGaA		26,405	3,846
MTU Aero Engines		13,092	2,174
Vonovia		43,032	2,950
Total Germany			12,384
Hong Kong — 5.0%
China Life Insurance, Cl H		1,088,000	2,460
Shanghai Fosun Pharmaceutical Group, Cl H		686,000	2,877
Sinopharm Group, Cl H		677,200	1,438
TravelSky Technology, Cl H		1,075,000	2,305
Total Hong Kong			9,080
India — 3.4%
HDFC Bank ADR *		67,721	3,384
ICICI Bank ADR		276,211	2,715
Total India			6,099
Italy — 3.4%
Leonardo		420,357	2,460
Prysmian		128,237	3,730
Total Italy			6,190
Japan — 5.7%
Denso		84,900	3,714
Hitachi		110,700	3,746

Description	Shares		Value (000)
Japan — (continued)
Secom		30,700	$    2,807
Total Japan			10,267
Mexico — 1.4%
Grupo Financiero Banorte, Cl O *		751,300	2,600
Total Mexico			2,600
Netherlands — 6.1%
ASML Holding		6,849	2,526
Heineken		28,590	2,546
RELX		109,268	2,433
Royal Dutch Shell, Cl A		281,804	3,561
Total Netherlands			11,066
Norway — 4.9%
DNB *		209,095	2,876
Equinor ADR		281,687	3,960
Norsk Hydro		752,036	2,059
Total Norway			8,895
Panama — 1.7%
Carnival		204,233	3,100
Total Panama			3,100
Singapore — 1.7%
DBS Group Holdings		189,700	2,786
United Industrial		153,500	234
Total Singapore			3,020
South Korea — 2.1%
Samsung Electronics		74,294	3,694
Total South Korea			3,694
Spain — 2.2%
Amadeus IT Group, Cl A		69,549	3,873
Total Spain			3,873
Switzerland — 4.7%
Credit Suisse Group ADR		206,635	2,060
Novartis ADR		37,524	3,263
Roche Holding		9,278	3,186
Total Switzerland			8,509
Taiwan — 5.3%
ASE Technology Holding		1,128,376	2,321
Hon Hai Precision Industry		674,880	1,814
Taiwan Semiconductor Manufacturing		353,000	5,333
Total Taiwan			9,468
Turkey — 0.0%
Akbank T.A.S.		1	—
Total Turkey			—
United Kingdom — 8.5%
BAE Systems		340,522	2,116
Barclays		2,499,258	3,157
Diageo		81,777	2,810
GVC Holdings		274,681	3,438
Rio Tinto ADR		63,103	3,811
Total United Kingdom			15,332
United States — 9.1%
Check Point Software Technologies *		24,938	3,001
Core Laboratories		107,864	1,646
Ecopetrol ADR		224,632	2,210
Everest Re Group		12,551	2,479

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON DIVERSIFIED INTERNATIONAL FUND

Description	Shares		Value (000)
United States — (continued)
ICON *		18,053	$      3,450
Restaurant Brands International		64,105	3,687
Total United States			16,473
Total Common Stock (Cost $149,913 (000))			174,001
Cash Equivalents (A) — 2.7%
Dreyfus Government Cash Management, Cl I, 0.030%		2,605,467	2,606
Goldman Sachs Financials Square Funds Government, Cl Institutional, 0.030%		2,317,093	2,317
Total Cash Equivalents (Cost $4,923 (000))			4,923
Total Investments — 99.3% (Cost $154,836 (000))			$178,924

Percentages are based on net assets of $180,210 (000).

* Non-income producing security.

(A) The rate reported is the 7-day effective yield as of September 30, 2020.

ADR — American Depositary Receipt

Cl — Class

The following is a list of the level of inputs used as of September 30, 2020, in valuing the Fund’s investments carried at value (000):

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock
Austria	$	—	$	4,718	$	—	$	4,718
Brazil		7,830		—		—		7,830
Canada		2,795		—		—		2,795
Chile		1,791		—		—		1,791
China		2,541		9,947		—		12,488
Colombia		2,296		—		—		2,296
France		—		12,033		—		12,033
Germany		—		12,384		—		12,384
Hong Kong		—		9,080		—		9,080
India		6,099		—		—		6,099
Italy		—		6,190		—		6,190
Japan		—		10,267		—		10,267
Mexico		2,600		—		—		2,600
Netherlands		3,561		7,505		—		11,066
Norway		3,960		4,935		—		8,895
Panama		3,100		—		—		3,100
Singapore		—		3,020		—		3,020
South Korea		—		3,694		—		3,694
Spain		—		3,873		—		3,873
Switzerland		5,323		3,186		—		8,509
Taiwan		—		9,468		—		9,468
Turkey		—		—		—		—
United Kingdom		3,811		11,521		—		15,332
United States		16,473		—		—		16,473
Total Common Stock		62,180		111,821		—		174,001
Cash Equivalents		4,923		—		—		4,923
Total Investments in Securities	$	67,103	$	111,821	$	—	$	178,924

For the period ended September 30, 2020, there were no transfers in or out of Level 3.

Amounts designated as “—” are either $0 or have been rounded to $0.

For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements.

HHF-QH-003-2500

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON DYNAMIC ASSET ALLOCATION FUND

Description	Shares		Value (000)
Registered Investment Companies — 98.7%
Equity Exchange Traded Funds — 48.4%
iShares Core S&P 500 ETF		8,131	$  2,733
iShares MSCI EAFE Index Fund		19,019	1,211
iShares MSCI EAFE Small-Capital ETF		6,968	411
iShares MSCI Emerging Markets ETF		32,711	1,442
iShares MSCI Frontier 100 ETF		12,988	332
iShares Preferred & Income Securities ETF		13,400	488
iShares Russell 2000 ETF		6,367	954
SPDR S&P Emerging Markets SmallCap ETF		9,179	407
Total Equity Exchange Traded Funds			7,978
Fixed Income Exchange Traded Funds — 36.3%
iShares 20+ Year Treasury Bond ETF		13,429	2,192
iShares Core U.S. Aggregate Bond ETF		18,114	2,139
iShares iBoxx $ Investment Grade Corporate Bond ETF		4,633	624
iShares iBoxx High Yield Corporate Bond ETF		4,854	407
SPDR Bloomberg Barclays International Treasury Bond ETF		21,257	631
Total Fixed Income Exchange Traded Funds			5,993
Commodity and Currency Exchange Traded Funds — 10.1%
iShares Commodities Select Strategy ETF		31,824	795
iShares MSCI Global Gold Miners ETF		11,663	381
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF		15,734	485
Total Commodity and Currency Exchange Traded Funds			1,661
Real Estate Exchange Traded Funds — 3.9%
Vanguard Global ex-U.S. Real Estate ETF		6,758	328
Vanguard Real Estate ETF		4,052	320
Total Real Estate Exchange Traded Funds			648
Total Registered Investment Companies (Cost $14,873 (000))			16,280
Cash Equivalent (A) — 2.7%
Goldman Sachs Financials Square Funds Government, Cl Institutional, 0.030%		452,952	453
Total Cash Equivalent (Cost $453 (000))			453
Total Investments — 101.4% (Cost $15,326 (000))			$16,733

Percentages are based on net assets of $16,494 (000).

(A) The rate reported is the 7-day effective yield as of September 30, 2020.

Cl — Class

EAFE — Europe, Australasia and the Far East

EM — Emerging Markets

ETF — Exchange Traded Fund

MSCI — Morgan Stanley Capital International

S&P — Standard & Poor’s

As of September 30, 2020, all of the Fund’s investments are Level 1 of the fair value hierarchy, in accordance with the authoritative guidance under U.S. GAAP.

For the period ended September 30, 2020, there were no transfers in or out of Level 3.

For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements.

HHF-QH-013-1100

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON INTERNATIONAL SMALL CAP FUND

Description	Shares		Value (000)
Common Stock — 93.3%
Australia — 3.1%
JB Hi-Fi		5,468	$       186
Kina Securities		214,703	124
Objective		20,259	183
Vita Group		145,135	107
Total Australia			600
Belgium — 1.1%
AGFA-Gevaert *		26,677	111
Smartphoto Group		4,865	111
Total Belgium			222
Canada — 3.3%
Boralex, Cl A		4,600	133
Fiera Capital, Cl A		16,249	125
Medical Facilities		34,643	114
Northland Power		4,943	149
Superior Plus		14,195	125
Total Canada			646
Denmark — 1.2%
D/S Norden		6,832	111
H+H International, Cl B *		5,737	113
Total Denmark			224
Finland — 6.6%
Altia		10,157	116
Caverion		14,286	102
Exel Composites		15,914	114
Kamux		13,423	159
Konecranes, Cl A		4,252	133
Oriola, Cl B		47,469	105
Scanfil		16,417	104
Siili Solutions		9,096	118
Terveystalo		9,948	119
TietoEVRY		3,752	104
Tokmanni Group		6,514	115
Total Finland			1,289
France — 1.8%
Eiffage *		1,185	97
Nexans *		1,994	115
Ubisoft Entertainment *		1,412	127
Total France			339
Germany — 4.9%
ADVA Optical Networking *		16,410	116
Borussia Dortmund GmbH & KGaA		16,311	99
Cewe Stiftung & KGAA		1,385	152
Draegerwerk & KGaA		1,968	146
Freenet		5,112	103
Hornbach Baumarkt		2,600	138
Hornbach Holding & KGaA		1,072	125

Description	Shares		Value (000)
Germany — (continued)
Rheinmetall		774	$         70
Total Germany			949
Hong Kong — 2.6%
CITIC Telecom International Holdings		322,766	103
K Wah International Holdings		235,751	114
Tianneng Power International		98,000	177
Tsit Wing International Holdings		849,088	111
Total Hong Kong			505
Israel — 2.2%
AudioCodes		7,193	229
Elco		3,264	123
Naphtha Israel Petroleum *		20,968	80
Total Israel			432
Italy — 6.1%
A2A		101,942	148
ACEA		7,966	168
Buzzi Unicem		9,620	126
Cerved Group *		17,445	125
Digital Value *		3,022	106
Hera		28,872	107
Iren		40,689	105
Italgas		25,022	158
Unieuro *		10,466	139
Total Italy			1,182
Japan — 24.8%
BeNEXT Group		14,900	161
Broadleaf		23,500	122
Capcom		5,200	291
Cresco		8,700	114
Cybernet Systems		16,100	136
Daiwabo Holdings		2,100	135
Ebara Jitsugyo		5,600	166
Fukui Computer Holdings		6,800	199
FULLCAST Holdings		8,200	135
Glory		5,100	114
Hitachi Zosen		31,000	131
Itochu Enex		14,900	137
Iwasaki Electric		7,900	108
Kintetsu World Express		9,200	195
Kito		10,100	118
Krosaki Harima		3,800	108
K’s Holdings		8,900	120
KYORIN Holdings		6,300	128
Megachips		5,300	145
Meitec		2,900	148
Nichi-iko Pharmaceutical		8,900	101
Nihon Dengi		3,300	114
Nisso		16,500	126
Nojima		5,400	145
PAL GROUP Holdings		11,100	118
Relia		9,700	122

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON INTERNATIONAL SMALL CAP FUND

Description	Shares		Value (000)
Japan — (continued)
SBS Holdings		5,700	$       119
SRA Holdings		4,300	99
Techno Ryowa		12,800	110
T-Gaia		5,700	107
Tokuyama		4,800	116
Watts		17,100	153
Will Group		14,900	122
With us		26,500	112
Yuasa Trading		3,900	121
ZERIA Pharmaceutical		6,300	120
Total Japan			4,816
Netherlands — 3.0%
Amsterdam Commodities		4,807	105
Koninklijke BAM Groep *		80,354	102
Pharming Group *		80,606	90
PostNL *		30,609	93
Signify *		5,055	187
Total Netherlands			577
Norway — 3.4%
AF Gruppen		8,370	154
Bouvet		2,878	186
BW LPG		27,275	113
Selvaag Bolig		20,699	115
Veidekke *		7,756	100
Total Norway			668
Singapore — 3.3%
AEM Holdings		45,900	130
ARA LOGOS Logistics Trust		231,200	106
Best World International (1)		70,700	71
Fu Yu		813,200	140
iFAST		114,100	200
Total Singapore			647
Spain — 1.4%
Acerinox		13,250	109
Faes Farma		38,021	154
Total Spain			263
Sweden — 7.7%
AcadeMedia		14,775	122
Betsson		17,718	136
Doro *		21,489	114
Dustin Group		17,679	111
Instalco		8,568	191
LeoVegas		34,433	146
Lindab International		12,544	219
Mekonomen *		12,166	127
Recipharm, Cl B		6,765	118
Scandi Standard *		13,218	101
Semcon *		16,824	120
Total Sweden			1,505

Description	Shares/ Number of Rights		Value (000)
Switzerland — 2.0%
Adecco Group		2,216	$       116
Galenica		2,253	157
Phoenix Mecano		283	114
Total Switzerland			387
United Kingdom — 14.8%
888 Holdings		44,145	144
Belvoir Group		64,355	122
C&C Group		23,609	60
Drax Group		30,742	106
EMIS Group		9,982	134
Finsbury Food Group		146,493	107
First Property Group		281,556	127
Genus		2,554	127
Go-Ahead Group		10,087	76
GVC Holdings *		10,557	132
IMI		7,809	106
Investec		77,416	143
Man Group		89,498	132
Phoenix Group Holdings		15,015	133
Rank Group		63,431	77
Redde Northgate		47,136	112
S&U		5,561	122
Safestore Holdings		16,307	164
Spirent Communications		43,870	161
SThree		33,955	105
Stock Spirits Group		39,601	110
Tate & Lyle		16,634	143
Tracsis		13,567	100
Vectura Group		73,414	98
Vistry Group		4,552	33
Total United Kingdom			2,874
Total Common Stock (Cost $16,452 (000))			18,125
Preferred Stock — 1.3%
Germany — 1.3%
Schaeffler 0.000%		15,164	94
STO & KGaA 0.247%		1,210	161
Total Germany			255
Total Preferred Stock (Cost $281 (000))			255
Rights — 0.0%
Kina Securities, Expires 10/01/20*		74,642	—
Total Rights (Cost $0 (000))			—
Cash Equivalents (A) — 4.7%
Dreyfus Government Cash Management, Cl I, 0.020%		432,742	433
Goldman Sachs Financials Square Funds Government, Cl Institutional, 0.030%		484,402	484
Total Cash Equivalents (Cost $917 (000))			917
Total Investments — 99.3% (Cost $17,650 (000))			$19,297

Percentages are based on net assets of $19,439 (000).

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON INTERNATIONAL SMALL CAP FUND

* Non-income producing security.

(1) Level 3 security in accordance with fair value hierarchy.

(A) The rate reported is the 7-day effective yield as of September 30, 2020.

Cl — Class

The following is a list of the level of inputs used as of September 30, 2020, in valuing the Fund’s investments carried at value (000):

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock
Australia	$	—	$	600	$	—	$	600
Belgium		—		222		—		222
Canada		646		—		—		646
Denmark		—		224		—		224
Finland		—		1,289		—		1,289
France		—		339		—		339
Germany		—		949		—		949
Hong Kong		—		505		—		505
Israel		—		432		—		432
Italy		—		1,182		—		1,182
Japan		—		4,816		—		4,816
Netherlands		105		472		—		577
Norway		—		668		—		668
Singapore		—		576		71		647
Spain		—		263		—		263
Sweden		—		1,505		—		1,505
Switzerland		—		387		—		387
United Kingdom		439		2,435		—		2,874
Total Common Stock		1,190		16,864		71		18,125
Preferred Stock Germany		—		255		—		255
Cash Equivalents		—		917		—		917
Right		—		—		—		—
Total Investments in Securities	$	1,190	$	18,036	$	71	$	19,297

Amounts designated as “-” are either $0 or have been rounded to $0.

For the period ended September 30, 2020, there were no transfers in or out of Level 3.

For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent

semi-annual or annual financial statements.

HHF-QH-014-1100

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON LOUISIANA TAX-FREE INCOME FUND

Description	Face Amount (000)		Value (000)
Municipal Bonds — 93.6%
Louisiana — 93.6%
Ascension Parish, RB, AGM
Callable 10/01/20 @ 100
3.250%, 04/01/35	$	85	$        85
Bienville, Parish School District No. 1 Arcadia, GO, BAM
Callable 03/01/28 @ 100
3.000%, 03/01/30		150	165
Central, Community School System, GO
Callable 03/01/24 @ 100
4.000%, 03/01/30		150	163
Desoto, Parish School Board, RB
Callable 05/01/22 @ 100
3.500%, 05/01/32		270	278
Iberia, Parishwide School District, GO
Callable 03/01/24 @ 100
3.750%, 03/01/33		275	293
Lafayette, Parish Law Enforcement District, Limited Tax, GO, Pre-Refunded @ 100
3.250%, 03/01/22 (A)		180	188
Lafayette, Parish School Board, RB
Callable 04/01/27 @ 100
4.000%, 04/01/40		250	282
Lafayette, Utilities Revenue, RB, AGM
Callable 05/01/29 @ 100
5.000%, 11/01/44		100	123
Lafayette, Utilities Revenue, RB, AGM
Callable 11/01/27 @ 100
4.000%, 11/01/35		150	173
Lafourche, Parish School Board, GO, BAM
Callable 03/01/27 @ 100
3.125%, 03/01/37		250	268
Louisiana, Local Government Environmental Facilities & Community Development Authority, Bossier City Project, RB
Callable 11/01/25 @ 100
5.000%, 11/01/32		150	179
Louisiana, Local Government Environmental Facilities & Community Development Authority, BRCC Facilities Corp. Project, RB, Pre-Refunded @ 100
4.125%, 12/01/21 (A)		100	105
Louisiana, Local Government Environmental Facilities & Community Development Authority, Livingston Parish Courthouse Project, RB, AGM, Pre-Refunded @ 100
4.625%, 09/01/21 (A)		200	208
Louisiana, Local Government Environmental Facilities & Community Development Authority, Plaquemines Project, RB, AGM
Callable 09/01/22 @ 100
4.000%, 09/01/37		200	209

Description	Face Amount (000)		Value (000)
Louisiana — (continued)
Louisiana, Local Government Environmental Facilities & Community Development Authority, RB, BAM
Callable 02/01/28 @ 100
5.000%, 02/01/30	$	150	$      192
Louisiana, Local Government Environmental Facilities & Community Development Authority, RB
Callable 10/01/24 @ 100
5.000%, 10/01/34		250	281
Louisiana, Local Government Environmental Facilities & Community Development Authority, Youngsville Project, RB, AGM
Callable 07/01/21 @ 100
4.900%, 07/01/41		175	180
Louisiana, Transportation Authority, Ser A, RB
Callable 08/15/23 @ 100
4.500%, 08/15/43		250	269
Plaquemine City, Sales & Use Tax Project, RB, AGM
Callable 12/01/27 @ 100
3.500%, 12/01/29		250	286
Port New Orleans, Board of Commissioners, Ser D, RB
Callable 04/01/30 @ 100
5.000%, 04/01/50		150	182
Shreveport, Louisiana Water & Sewer Revenue, Ser C, RB, BAM
Callable 12/01/28 @ 100
4.000%, 12/01/33		210	243
St. Charles Parish, School District No. 1, GO
Callable 03/01/22 @ 100
3.000%, 03/01/30		200	205
St. John the Baptist Parish, GO
Callable 03/01/25 @ 100
3.500%, 03/01/30		110	121
St. Tammany Parish, Hospital Service District No. 2, GO
Callable 03/01/22 @ 100
3.125%, 03/01/32		260	266
St. Tammany Parish, Recreation District No. 14, GO
Callable 04/01/24 @ 100
3.750%, 04/01/34		175	187
Terrebonne Levee, Conservation District, Ser B, RB
Callable 06/01/30 @ 100
4.000%, 06/01/41		250	283
Terrebonne Parish, Sales & Use Tax Project, Ser ST, RB, AGM, Pre-Refunded @ 100
5.250%, 04/01/21 (A)		100	102
West Ouachita, Parish School District, RB
Callable 09/01/25 @ 100
3.750%, 09/01/34		190	208

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON LOUISIANA TAX-FREE INCOME FUND

Description	Face Amount (000)/ Shares		Value (000)
Louisiana — (continued)
Zachary, Community School District No. 1, GO
Callable 03/01/22 @ 100
3.500%, 03/01/32	$	200	$       205
Total Louisiana			5,929
Total Municipal Bonds (Cost $5,610 (000))			5,929
Cash Equivalent(B) — 5.8%
Goldman Sachs Financials Square Funds Government, Cl Institutional, 0.030%		367,211	367
Total Cash Equivalent (Cost $367 (000))			367
Total Investments — 99.4% (Cost $5,977 (000))			$6,296

Percentages are based on net assets of $6,336 (000).

(A) Pre-Refunded Security —The maturity date shown is the pre-refunded date.

(B) The rate reported is the 7-day effective yield as of September 30, 2020.

AGM — Assured Guaranty Municipal

BAM— Build America Mutual

Cl — Class

GO — General Obligation

RB — Revenue Bond

Ser — Series

The following is a list of level inputs used as of September 30, 2020 in valuing the Fund’s investments carried at value (000):

Investments in Securities	Level 1		Level 2		Level 3		Total
Municipal Bonds	$	—	$	5,929	$	—	$	5,929
Cash Equivalent		367		—		—		367
Total Investments in Securities	$	367	$	5,929	$	—	$	6,296

Amounts designated as “—” are either $0 or have been rounded to $0.

For the period ended September 30, 2020, there were no transfers in or out of Level 3.

For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements.

HHF-QH-009-2000

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON MICROCAP FUND

Description	Shares		Value (000)
Common Stock — 97.7%
Agriculture — 1.0%
American Vanguard *		7,430	$       98
Total Agriculture			98
Air Freight & Logistics — 1.2%
Radiant Logistics *		23,663	122
Total Air Freight & Logistics			122
Automotive — 3.1%
OneWater Marine, Cl A *		4,239	87
Strattec Security *		6,041	120
TravelCenters of America *		4,922	96
Total Automotive			303
Banks — 11.7%
Amalgamated Bank, Cl A		8,848	94
Bancorp *		11,800	102
BankFinancial		14,057	101
CB Financial Services		4,065	78
Community Bankers Trust		18,586	94
Esquire Financial Holdings *		6,585	99
Financial Institutions		5,864	90
First Foundation		7,252	95
FS Bancorp		2,630	108
MidWestOne Financial Group		5,515	99
OP Bancorp		16,792	96
Shore Bancshares		10,104	111
Total Banks			1,167
Building & Construction — 1.4%
M/I Homes *		3,010	139
Total Building & Construction			139
Capital Markets — 1.0%
Silvercrest Asset Management Group, Cl A		9,302	97
Total Capital Markets			97
Commercial Services — 2.1%
DLH Holdings *		13,200	96
Select Interior Concepts, Cl A *		16,660	115
Total Commercial Services			211
Commercial Services & Supplies — 1.0%
Acme United		4,323	99
Total Commercial Services & Supplies			99
Computer Software — 3.3%
eGain *		7,869	111
Limelight Networks *		13,885	80
Mitek Systems *		10,433	133
Total Computer Software			324
Computers & Services — 3.1%
Calix *		5,383	96
Cambium Networks *		7,635	129
PCTEL		15,328	87
Total Computers & Services			312

Description	Shares		Value (000)
Construction & Engineering — 2.1%
Great Lakes Dredge & Dock *		10,088	$       96
Northwest Pipe *		4,418	117
Total Construction & Engineering			213
Consumer Electronics — 0.8%
Universal Electronics *		2,090	79
Total Consumer Electronics			79
Consumer Finance — 1.0%
Regional Management *		5,820	97
Total Consumer Finance			97
Consumer Products — 1.3%
Rocky Brands		5,136	128
Total Consumer Products			128
Diversified Support Services — 1.1%
VSE		3,665	112
Total Diversified Support Services			112
Drugs — 1.7%
Aquestive Therapeutics *		16,480	80
Osmotica Pharmaceuticals *		15,521	84
Total Drugs			164
Electrical Utilities — 1.0%
Genie Energy, Cl B		12,271	98
Total Electrical Utilities			98
Electronic Components & Equipment — 0.9%
Luna Innovations *		15,449	92
Total Electronic Components & Equipment			92
Engineering Services — 2.4%
IES Holdings *		3,910	124
MYR Group *		2,983	111
Total Engineering Services			235
Financial Services — 2.1%
Curo Group Holdings		14,483	102
Oportun Financial *		8,992	106
Total Financial Services			208
Gas & Natural Gas — 1.9%
Dorian LPG *		11,742	94
Overseas Shipholding Group, Cl A *		41,755	90
Total Gas & Natural Gas			184
Health Care Equipment & Supplies — 1.0%
FONAR *		4,717	99
Total Health Care Equipment & Supplies			99
Health Care Technology — 0.9%
MTBC *		10,453	93
Total Health Care Technology			93

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON MICROCAP FUND

Description	Shares		Value (000)
Hotels, Restaurants & Leisure — 0.9%
Inspired Entertainment *		31,523	$       93
Total Hotels, Restaurants & Leisure			93
Household Products — 1.1%
Mohawk Group Holdings *		13,709	113
Total Household Products			113
Insurance — 4.0%
Donegal Group, Cl A		6,857	96
Global Indemnity Group, Cl A		3,801	79
ProSight Global *		11,482	130
Protective Insurance		6,852	90
Total Insurance			395
Manufacturing — 2.2%
Allied Motion Technologies		2,617	108
Seneca Foods, Cl A *		2,987	107
Total Manufacturing			215
Media — 3.3%
DHI Group *		35,006	79
TechTarget *		2,977	131
Tribune Publishing *		9,943	116
Total Media			326
Medical Products & Services — 23.0%
Alpine Immune Sciences *		10,400	91
Antares Pharma *		38,148	103
Aravive *		8,599	40
Ardelyx *		14,906	78
Atreca, Cl A *		5,990	84
Calithera Biosciences *		20,744	72
Castle Biosciences *		2,842	146
Corbus Pharmaceuticals Holdings *		15,200	27
Dynavax Technologies *		12,105	52
Electromed *		7,432	77
Fortress Biotech *		28,573	116
Fulgent Genetics *		3,526	141
Harpoon Therapeutics *		5,651	96
Ideaya Biosciences *		7,300	92
Kadmon Holdings *		20,761	81
MEI Pharma *		27,950	87
Meridian Bioscience *		7,241	123
Pro-Dex *		5,173	148
Protagonist Therapeutics *		5,384	105
Simulations Plus		1,545	116
Syros Pharmaceuticals *		11,978	106
Vanda Pharmaceuticals *		11,025	107
Vericel *		6,230	116
Zynex *		4,644	81
Total Medical Products & Services			2,285
Metals & Mining — 1.1%
SunCoke Energy		31,618	108
Total Metals & Mining			108
Paper & Paper Products — 0.6%
Verso		8,162	64
Total Paper & Paper Products			64

Description	Shares		Value (000)
Personal Products — 0.7%
Lifevantage *		6,094	$       73
Total Personal Products			73
Petroleum & Fuel Products — 0.9%
Solaris Oilfield Infrastructure, Cl A		14,347	91
Total Petroleum & Fuel Products			91
Real Estate Investment Trust — 3.1%
Bluerock Residential Growth, Cl A		14,095	107
Gladstone Land		6,642	100
Plymouth Industrial		7,916	97
Total Real Estate Investment Trust			304
Retail — 2.0%
Citi Trends *		4,377	109
Lakeland Industries *		4,361	86
Total Retail			195
Semi-Conductors & Instruments — 4.3%
Ichor Holdings *		4,116	89
NeoPhotonics *		10,935	66
PDF Solutions *		5,650	106
Photronics *		7,818	78
Ultra Clean Holdings *		4,245	91
Total Semi-Conductors & Instruments			430
Specialty Retail — 1.3%
Zumiez *		4,549	127
Total Specialty Retail			127
Transportation Services — 2.1%
Shyft Group		6,600	125
USA Truck *		8,470	80
Total Transportation Services			205
Total Common Stock (Cost $10,002 (000))			9,698
Cash Equivalent (A) — 1.0%
Goldman Sachs Financials Square Funds Government, Cl Institutional, 0.030%		99,638	100
Total Cash Equivalent (Cost $100 (000))			100
Total Investments — 98.7% (Cost $10,102 (000))			$9,798

Percentages are based on net assets of $9,932 (000).

* Non-income producing security.

(A) The rate reported is the 7-day effective yield as of September 30, 2020.

Cl — Class

As of September 30, 2020, all of the Fund’s investments are Level 1 of the fair value hierarchy, in accordance with the authoritative guidance under U.S. GAAP.

For the period ended September 30, 2020, there were no transfers in or out of Level 3.

For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements.

HHF-QH-015-1100

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON MISSISSIPPI TAX-FREE INCOME FUND

Description	Face Amount (000)		Value (000)
Municipal Bonds — 95.4%
Mississippi — 95.4%
Clinton, Public School District, GO
Callable 10/01/21 @ 100
2.750%, 10/01/28	$	150	$       153
Copiah County, GO
Callable 04/01/25 @ 100
3.500%, 04/01/32		390	414
Forrest County, GO
Callable 03/01/24 @ 100
4.000%, 03/01/27		385	428
Lauderdale County, GO
3.000%, 04/01/26		150	167
Lauderdale County, GO
Callable 11/01/25 @ 100
3.250%, 11/01/31		250	270
Callable 11/01/25 @ 100
3.000%, 11/01/30		100	107
Long Beach, School District, GO, BAM
4.000%, 03/01/27		275	330
Mississippi State, Development Bank, Brandon Public Improvement Project, RB
Callable 03/01/25 @ 100
3.000%, 03/01/30		155	166
Mississippi State, Development Bank, Clinton Public School District, RB
Callable 04/01/29 @ 100
4.000%, 04/01/37		100	116
Mississippi State, Development Bank, Flowood Refunding Project, RB, Pre-Refunded @ 100
4.125%, 11/01/21 (A)		200	209
Mississippi State, Development Bank, Gulf Coast Community College District, RB
Callable 12/01/26 @ 100
3.375%, 12/01/39		250	262
Mississippi State, Development Bank, Harrison County Coliseum Project, Ser A, RB
5.250%, 01/01/34		400	547
Mississippi State, Development Bank, Hinds County Project, RB
5.000%, 11/01/26		75	94
Mississippi State, Development Bank, Jackson Public School District Project, RB
Callable 04/01/23 @ 100
5.000%, 04/01/28		480	527
Mississippi State, Development Bank, Jones County Junior College Project, RB, BAM
Callable 05/01/26 @ 100
3.500%, 05/01/35		200	216

Description	Face Amount (000)		Value (000)
Mississippi — (continued)
Mississippi State, Development Bank, Marshall Country Industrial Development Authority, RB
Callable 01/01/25 @ 100
3.750%, 01/01/35	$	200	$       216
Mississippi State, Development Bank, Meridian Apartment Center Project, RB
5.000%, 03/01/25		360	418
Mississippi State, Development Bank, Pearl Capital Improvement Project, RB, AGM
Callable 12/01/21 @ 100
4.000%, 12/01/31		205	211
Mississippi State, Development Bank, Pearl River Community College Project, RB, AGM
Callable 09/01/22 @ 100
3.375%, 09/01/36		750	768
Mississippi State, Development Bank, Tax Increment Financing Project, RB
Callable 11/02/20 @ 100
4.500%, 05/01/24		120	120
Mississippi State, Development Bank, Water & Sewer Project, RB, AGM
Callable 03/01/22 @ 100
3.500%, 03/01/32		400	410
Mississippi State, Gaming Tax Revenue, Ser E, RB
5.000%, 10/15/25		500	594
Mississippi State, Ser D, GO
Callable 12/01/27 @ 100
3.000%, 12/01/37		500	538
Mississippi State, State Capital Improvement Project, Ser A, GO, Pre-Refunded @ 100
4.000%, 10/01/21 (A)		400	415
3.750%, 10/01/21 (A)		510	528
Mississippi State, University Educational Building, RB
Callable 08/01/27 @ 100
4.000%, 08/01/43		500	563
Ocean Springs, GO
4.000%, 12/01/29		250	309
Oktibbeha County, Ser A, GO, AGM
Callable 11/01/28 @ 100
4.000%, 11/01/29		270	327
Oxford, School District, GO
Callable 04/01/27 @ 100
3.000%, 04/01/31		300	327
Oxford, Ser B, GO
Callable 08/01/25 @ 100
3.125%, 08/01/33		575	611
Starkville, GO
4.000%, 06/01/27		400	482

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON MISSISSIPPI TAX-FREE INCOME FUND

Description	Face Amount (000)/ Shares		Value (000)
Mississippi — (continued)
University of Southern Mississippi, Facilities Refinancing Project, Ser A, RB
Callable 03/01/25 @ 100
3.250%, 03/01/33	$	425	$       452
Total Mississippi			11,295
Total Municipal Bonds (Cost $10,519 (000))			11,295
Cash Equivalent(B) — 3.8%
Goldman Sachs Financials Square Funds Government, Cl Institutional, 0.030%		443,744	444
Total Cash Equivalent (Cost $444 (000))			444
Total Investments — 99.2% (Cost $10,963 (000))			$11,739

Percentages are based on net assets of $11,839 (000).

(A) Pre-Refunded Security —The maturity date shown is the pre-refunded date.

(B) The rate reported is the 7-day effective yield as of September 30, 2020.

AGM — Assured Guaranty Municipal

BAM— Build America Mutual

Cl — Class

GO — General Obligation

RB — Revenue Bond

Ser — Series

The following is a list of the level of inputs used as of September 30, 2020, in valuing the Fund’s investments carried at value (000):

Investments in Securities	Level 1		Level 2		Level 3		Total
Municipal Bonds	$	—	$	11,295	$	—	$	11,295
Cash Equivalent		444		—		—		444
Total Investments in Securities	$	444	$	11,295	$	—	$	11,739

Amounts designated as “—” are either $0 or have been rounded to $0.

For the period ended September 30, 2020, there were no transfers in or out of Level 3.

For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements.

HHF-QH-010-2000

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON QUANTITATIVE LONG/SHORT FUND

Description	Shares		Value (000)
Common Stock — 69.3%
Aerospace & Defense — 1.2%
L3Harris Technologies (A)		2,600	$      442
Lockheed Martin (A)		1,550	594
Total Aerospace & Defense			1,036
Automotive — 1.9%
BorgWarner		13,600	527
Gentherm *		16,400	671
PACCAR		5,900	503
Total Automotive			1,701
Banks — 2.7%
Essent Group		10,200	377
JPMorgan Chase (A)		6,700	645
PNC Financial Services Group (A)		6,700	737
Voya Financial (A)		13,100	628
Total Banks			2,387
Building & Construction — 1.1%
Simpson Manufacturing		6,100	593
Taylor Morrison Home, Cl A *		16,560	407
Total Building & Construction			1,000
Chemicals — 0.6%
Sherwin-Williams		725	505
Total Chemicals			505
Commercial Services — 1.6%
Tetra Tech		7,300	697
Waste Management (A)		5,900	668
Total Commercial Services			1,365
Computer Software — 4.6%
Adobe *(A)		1,400	687
ANSYS *		2,100	687
Atlassian, Cl A *		2,700	491
Citrix Systems		3,200	441
FactSet Research Systems		700	234
Intuit (A)		2,700	881
Mitek Systems *		46,800	596
Total Computer Software			4,017
Computers & Services — 6.7%
Apple (A)		9,200	1,065
Cadence Design Systems *(A)		7,500	800
Canaan *		205,400	384
Fidelity National Information Services (A)		4,000	589
Microsoft (A)		4,100	862
PayPal Holdings *(A)		4,300	847
Visa, Cl A (A)		2,800	560
Zebra Technologies, Cl A *(A)		3,000	757
Total Computers & Services			5,864
Consumer Electronics — 0.7%
Universal Electronics *		16,000	604
Total Consumer Electronics			604

Description	Shares		Value (000)
Consumer Products — 1.0%
Deckers Outdoor *(A)		3,875	$      853
Total Consumer Products			853
Containers & Packaging — 0.9%
Crown Holdings *(A)		10,300	792
Total Containers & Packaging			792
Data Processing & Outsourced Services — 0.6%
Verisk Analytics, Cl A		2,600	482
Total Data Processing & Outsourced Services			482
Drugs — 2.8%
Bristol-Myers Squibb (A)		8,200	494
Horizon Therapeutics *(A)		13,200	1,025
Zoetis, Cl A (A)		5,700	943
Total Drugs			2,462
E-Commerce — 1.8%
Amazon.com *(A)		300	944
eBay		12,100	630
Total E-Commerce			1,574
Educational Services — 0.5%
Chegg *		5,800	414
Total Educational Services			414
Electronic Equipment, Instruments & Components — 1.0%
Akamai Technologies *(A)		7,700	851
Total Electronic Equipment, Instruments & Components			851
Entertainment & Gaming — 1.6%
Electronic Arts *(A)		6,200	809
Take-Two Interactive Software *		3,500	578
Total Entertainment & Gaming			1,387
Financial Services — 0.6%
Moody’s		1,000	290
MSCI, Cl A		700	250
Total Financial Services			540
Food, Beverage & Tobacco — 1.2%
Ingles Markets, Cl A (A)		15,200	578
PepsiCo (A)		3,700	513
Total Food, Beverage & Tobacco			1,091
Hypermarkets & Super Centers — 0.8%
Costco Wholesale (A)		2,000	710
Total Hypermarkets & Super Centers			710
Industrials — 0.9%
Air Products and Chemicals (A)		2,550	760
Total Industrials			760
Information Technology — 2.2%
Fortinet *		5,800	683
Science Applications International		6,900	541

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON QUANTITATIVE LONG/SHORT FUND

Description	Shares		Value (000)
Information Technology (continued)
ServiceNow *		1,400	$      679
Total Information Technology			1,903
Insurance — 2.4%
Metlife (A)		15,100	561
Primerica (A)		6,300	713
Progressive (A)		9,000	852
Total Insurance			2,126
Insurance Brokers — 0.6%
Aon, Cl A		2,500	516
Total Insurance Brokers			516
Interactive Media & Servcies — 1.7%
Alphabet, Cl A *(A)		525	770
Charter Communications, Cl A *		1,125	702
Total Interactive Media & Servcies			1,472
Machinery — 2.9%
IDEX (A)		3,700	675
Illinois Tool Works (A)		3,400	657
SPX *(A)		14,900	691
Trane Technologies (A)		4,300	521
Total Machinery			2,544
Manufacturing — 2.4%
Generac Holdings *(A)		4,500	871
Hubbell, Cl B (A)		4,900	670
McCormick (A)		2,800	543
Total Manufacturing			2,084
Medical Products & Services — 9.5%
AbbVie (A)		8,500	745
Amgen (A)		3,700	940
Biogen *(A)		1,500	426
Cerner		10,900	788
CVS Health		7,300	426
Edwards Lifesciences *		7,800	623
Emergent Biosolutions *(A)		8,100	837
Omnicell *		6,000	448
Regeneron Pharmaceuticals *(A)		1,275	714
Surmodics *		10,700	416
Thermo Fisher Scientific		1,300	574
Veeva Systems, Cl A *		2,900	815
Vertex Pharmaceuticals *		1,900	517
Total Medical Products & Services			8,269
Metals & Mining — 0.7%
Commercial Metals (A)		31,200	623
Total Metals & Mining			623
Petroleum Refining — 1.5%
Marathon Petroleum		12,600	370
Renewable Energy Group *		17,200	919
Total Petroleum Refining			1,289
Pharmaceuticals — 1.7%
Eli Lilly (A)		5,500	814

Description	Shares			Value (000)
Pharmaceuticals (continued)
Merck (A)		8,100		$      672
Total Pharmaceuticals				1,486
Real Estate Investment Trust — 0.5%
Equinix		300		228
Public Storage		1,100		245
Total Real Estate Investment Trust				473
Retail — 1.4%
Home Depot (A)		3,125		868
Lowe’s		2,400		398
Total Retail				1,266
Semi-Conductors & Instruments — 4.3%
Advanced Micro Devices *(A)		7,500		615
Applied Materials		6,600		392
Broadcom (A)		1,600		583
Intel		8,200		425
KLA (A)		4,200		814
Lam Research (A)		2,700		896
Total Semi-Conductors & Instruments				3,725
Telecommunication Services — 0.6%
Facebook, Cl A *		1,875		491
Total Telecommunication Services				491
Telephones & Telecommunication — 0.6%
AT&T (A)		17,500		499
Total Telephones & Telecommunication				499
Transportation Services — 0.7%
Federal Signal (A)		19,900		582
Total Transportation Services				582
Utilities — 0.8%
Ametek (A)		6,800		676
Total Utilities				676
Total Common Stock (Cost $46,731 (000))				60,419
Cash Equivalent(B) — 31.6%
Federated Government Obligations Fund, Cl I, 0.030%		27,563,718		27,564
Total Cash Equivalent (Cost $27,564 (000))				27,564
Total Investments — 100.9% (Cost $74,295 (000))				$87,983
Percentages are based on net assets of $87,169 (000).
Securities Sold Short — (15.7)%
Description	Shares			Value (000)
Common Stock —(15.7)%
Aerospace & Defense — (0.7)%
Cubic		(6,130	)	$    (357)
Teledyne Technologies*		(840	)	(260)
Total Aerospace & Defense				(617)

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON QUANTITATIVE LONG/SHORT FUND

Description	Shares			Value (000)
Airlines — (0.3)%
Allegiant Travel, Cl A		(1,970	)	$	(236	)
Total Airlines					(236	)
Banks — (2.0)%
Bank of Hawaii		(5,040	)		(255	)
Bank of New York Mellon		(7,500	)		(258	)
BankUnited		(11,370	)		(249	)
Byline Bancorp		(22,340	)		(252	)
Northern Trust		(3,350	)		(261	)
Pinnacle Financial Partners		(6,750	)		(240	)
Signature Bank NY		(2,880	)		(239	)
Total Banks					(1,754	)
Building & Construction — (0.3)%
Granite Construction		(15,180	)		(267	)
Total Building & Construction					(267	)
Chemicals — (0.6)%
International Flavors & Fragrances		(2,190	)		(268	)
W R Grace		(6,150	)		(248	)
Total Chemicals					(516	)
Commercial Services — (0.3)%
Clean Harbors*		(4,730	)		(265	)
Total Commercial Services					(265	)
Computers & Services — (0.7)%
Cass Information Systems		(7,240	)		(291	)
Global Payments		(1,560	)		(277	)
Total Computers & Services					(568	)
Data Processing & Outsourced Services — (1.2)%
CRA International		(6,720	)		(252	)
Fiserv*		(2,770	)		(285	)
Franklin Covey*		(14,520	)		(258	)
ICF International		(4,020	)		(247	)
Total Data Processing & Outsourced Services					(1,042	)
Electronic Components & Equipment — (0.3)%
Coherent*		(2,460	)		(273	)
Total Electronic Components & Equipment					(273	)
Entertainment — (1.5)%
Boston Omaha, Cl A*		(16,110	)		(258	)
Live Nation Entertainment*		(4,590	)		(247	)
Planet Fitness, Cl A*		(4,595	)		(283	)
World Wrestling Entertainment, Cl A		(6,550	)		(265	)
Wynn Resorts		(3,220	)		(232	)
Total Entertainment					(1,285	)
Gas Utilities — (0.3)%
Sempra Energy		(2,260	)		(268	)
Total Gas Utilities					(268	)
Information Technology — (0.9)%
Amdocs		(4,640	)		(266	)
Gartner*		(2,030	)		(254	)
Hackett Group		(22,480	)		(251	)
Total Information Technology					(771	)

Description	Shares			Value (000)
Insurance — (0.3)%
White Mountains Insurance Group		(320	)	$	(249	)
Total Insurance					(249	)
Machinery — (0.6)%
Ingersoll Rand*		(7,410	)		(264	)
Mueller Industries		(9,300	)		(251	)
Total Machinery					(515	)
Materials — (0.3)%
Martin Marietta Materials		(1,240	)		(292	)
Total Materials					(292	)
Medical Products & Services — (1.6)%
Atrion		(430	)		(269	)
CryoLife*		(16,410	)		(303	)
HealthEquity*		(4,920	)		(253	)
Misonix*		(23,450	)		(275	)
Orthofix Medical*		(9,270	)		(289	)
Total Medical Products & Services					(1,389	)
Office Furniture & Fixtures — (0.3)%
ePlus*		(3,670	)		(269	)
Total Office Furniture & Fixtures					(269	)
Petroleum Refining — (0.3)%
Hess		(6,133	)		(251	)
Total Petroleum Refining					(251	)
Printing & Publishing — (0.3)%
Brady, Cl A		(5,860	)		(235	)
Total Printing & Publishing					(235	)
Real Estate Investment Trust — (0.6)%
Brixmor Property Group		(21,410	)		(250	)
Hudson Pacific Properties		(11,210	)		(246	)
Total Real Estate Investment Trust					(496	)
Retail — (0.6)%
Children’s Place		(10,200	)		(289	)
Hasbro		(3,480	)		(288	)
Total Retail					(577	)
Semi-Conductors & Instruments — (0.6)%
Impinj*		(10,120	)		(267	)
Silicon Laboratories*		(2,770	)		(271	)
Total Semi-Conductors & Instruments					(538	)
Semiconductors & Semiconductor Equipment — (0.3)%
SMART Global Holdings*		(10,600	)		(290	)
Total Semiconductors & Semiconductor Equipment					(290	)
Transportation Services — (0.5)%
Douglas Dynamics		(7,110	)		(243	)
Lyft, Cl A*		(8,420	)		(232	)
Total Transportation Services					(475	)
Water Utilities — (0.3)%
California Water Service Group		(6,150	)		(267	)
Total Water Utilities					(267	)

Schedule of Investments
	September 30, 2020 (unaudited)

HANCOCK HORIZON QUANTITATIVE LONG/SHORT FUND

Description	Value (000)
Total Common Stock
(Proceeds $(14,009))		(13,705	)
Total Securities Sold Short — (15.7)%
(Proceeds $(14,009))	$	(13,705	)

Percentages are based on net assets of $87,169 (000).

* Non-income producing security.

(A) All or a portion of this security has been held in a segregated account as collateral for securities sold short.

(B) The rate reported is the 7-day effective yield as of September 30, 2020.

Cl — Class

As of September 30, 2020, all of the Fund’s investments are Level 1 of the fair value hierarchy, in accordance with the authoritative guidance under U.S. GAAP.

For the period ended September 30, 2020, there were no transfers in or out of Level 3.

For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements.

HHF-QH-005-2500