Dean
Small
Cap
Value
Fund
Schedule
of
Investments
June
30,
2025
(Unaudited)
COMMON
STOCKS
—
99.77%
Shares
Fair
Value
Communications
—
1.04%
TEGNA,
Inc.
99,707
$
1,671,089
Consumer
Discretionary
—
19.13%
Carter's,
Inc.
97,137
2,926,738
Columbia
Sportswear
Co.
39,479
2,411,377
Johnson
Outdoors,
Inc.,
Class
A
95,204
2,881,825
Leggett
&
Platt,
Inc.
129,454
1,154,730
Malibu
Boats,
Inc.,
Class
A
(a)
59,732
1,872,001
Papa
John's
International,
Inc.
68,859
3,369,959
Rush
Enterprises,
Inc.,
Class
A
60,228
3,102,344
Silgan
Holdings,
Inc.
29,590
1,603,186
Standard
Motor
Products,
Inc.
94,285
2,896,435
Steven
Madden
Ltd.
149,973
3,596,353
Winnebago
Industries,
Inc.
69,840
2,025,360
YETI
Holdings,
Inc.
(a)
94,749
2,986,489
30,826,797
Consumer
Staples
—
0.96%
John
B.
Sanfilippo
&
Son,
Inc.
16,725
1,057,689
Spectrum
Brands,
Inc.
9,373
496,769
1,554,458
Energy
—
6.21%
Helmerich
&
Payne,
Inc.
230,474
3,493,985
Innovex
International,
Inc.
(a)
222,571
3,476,559
World
Kinect
Corp.
107,150
3,037,703
10,008,247
Financials
—
19.37%
1st
Source
Corp.
52,197
3,239,868
Camden
National
Corp.
47,234
1,916,756
Cathay
General
Bancorp
63,959
2,912,053
Diamond
Hill
Investment
Group,
Inc.
9,557
1,388,728
Employers
Holdings,
Inc.
26,833
1,265,981
Federated
Hermes,
Inc.,
Class
B
32,715
1,449,928
First
Financial
Corp.
58,997
3,197,047
Fulton
Financial
Corp.
45,396
818,944
Great
Southern
Bancorp,
Inc.
39,112
2,299,003
Independent
Bank
Corp.
56,372
3,544,954
PROG
Holdings,
Inc.
94,468
2,772,636
QCR
Holdings,
Inc.
38,412
2,608,175
S&T
Bancorp,
Inc.
54,169
2,048,672
Safety
Insurance
Group,
Inc.
16,342
1,297,391
Simmons
First
National
Corp.,
Class
A
23,893
453,011
31,213,147
Health
Care
—
2.54%
CONMED
Corp.
27,727
1,444,022
Perrigo
Co.
PLC
99,247
2,651,880
4,095,902
Dean
Small
Cap
Value
Fund
Schedule
of
Investments
(continued)
June
30,
2025
(Unaudited)
COMMON
STOCKS
—
99.77%
-
continued
Shares
Fair
Value
Industrials
—
31.62%
Advanced
Energy
Industries,
Inc.
37,861
$
5,016,583
Alamo
Group,
Inc.
22,974
5,017,063
Astec
Industries,
Inc.
80,611
3,360,673
Atkore,
Inc.
29,958
2,113,537
Bel
Fuse,
Inc.,
Class
B
51,829
5,063,174
Brady
Corp.,
Class
A
21,300
1,447,761
Cactus,
Inc.,
Class
A
88,403
3,864,979
Columbus
McKinnon
Corp.
91,077
1,390,746
Douglas
Dynamics,
Inc.
97,042
2,859,828
ESCO
Technologies,
Inc.
24,812
4,760,678
Franklin
Covey
Co.
(a)
16,357
373,267
Hackett
Group,
Inc.
(The)
81,712
2,077,119
Healthcare
Services
Group,
Inc.
(a)
110,908
1,666,947
Heartland
Express,
Inc.
281,751
2,434,329
Kennametal,
Inc.
112,664
2,586,765
Littelfuse,
Inc.
14,690
3,330,664
Werner
Enterprises,
Inc.
131,043
3,585,336
50,949,449
Materials
—
5.57%
Huntsman
Corp.
183,607
1,913,185
Minerals
Technologies,
Inc.
26,993
1,486,505
Orion
S.A.
141,151
1,480,674
Quaker
Houghton
14,703
1,645,854
Stepan
Co.
45,029
2,457,682
8,983,900
Real
Estate
—
2.14%
Broadstone
Net
Lease,
Inc.
163,390
2,622,410
Cousins
Properties,
Inc.
27,569
827,897
3,450,307
Technology
—
11.19%
Cohu,
Inc.
(a)
111,092
2,137,410
CSG
Systems
International,
Inc.
44,988
2,938,166
Harmonic,
Inc.
(a)
211,166
1,999,742
Maximus,
Inc.
29,931
2,101,156
Verra
Mobility
Corp.,
Class
A
(a)
101,911
2,587,520
Viavi
Solutions,
Inc.
(a)
200,332
2,017,343
Vishay
Intertechnology,
Inc.
267,415
4,246,551
18,027,888
Total
Common
Stocks/Investments
—
99.77%
(Cost
$160,258,487)
160,781,184
Other
Assets
in
Excess
of
Liabilities — 0.23%
376,929
NET
ASSETS
—
100.00%
$
161,158,113
(a)
Non-income
producing
security.
Dean
Mid
Cap
Value
Fund
Schedule
of
Investments
June
30,
2025
(Unaudited)
COMMON
STOCKS
—
97.19%
Shares
Fair
Value
Communications
—
3.10%
Omnicom
Group,
Inc.
37,104
$
2,669,262
Take-Two
Interactive
Software,
Inc.
(a)
14,105
3,425,399
6,094,661
Consumer
Discretionary
—
8.76%
AutoZone,
Inc.
(a)
889
3,300,173
BorgWarner,
Inc.
101,401
3,394,905
Hasbro,
Inc.
37,231
2,748,392
Lithia
Motors,
Inc.,
Class
A
8,895
3,004,909
PulteGroup,
Inc.
24,906
2,626,587
Skechers
U.S.A.,
Inc.,
Class
A
(a)
34,563
2,180,925
17,255,891
Consumer
Staples
—
8.03%
BJ's
Wholesale
Club
Holdings,
Inc.
(a)
26,430
2,849,947
Campbell
Soup
Co.
78,656
2,410,806
Conagra
Brands,
Inc.
142,445
2,915,849
Dollar
General
Corp.
37,740
4,316,701
US
Foods
Holding
Corp.
(a)
43,076
3,317,283
15,810,586
Energy
—
4.47%
Baker
Hughes
Co.,
Class
A
67,728
2,596,692
Coterra
Energy,
Inc.
121,605
3,086,335
Permian
Resources
Corp.,
Class
A
229,487
3,125,612
8,808,639
Financials
—
17.05%
Ameriprise
Financial,
Inc.
6,226
3,323,003
Assurant,
Inc.
18,425
3,638,753
Bank
of
New
York
Mellon
Corp.
(The)
57,817
5,267,707
Hartford
Financial
Services
Group,
Inc.
(The)
29,226
3,707,904
Prosperity
Bancshares,
Inc.
53,242
3,739,718
Raymond
James
Financial,
Inc.
20,204
3,098,687
Regions
Financial
Corp.
133,677
3,144,083
Reinsurance
Group
of
America,
Inc.
18,298
3,629,591
W.R.
Berkley
Corp.
54,386
3,995,740
33,545,186
Health
Care
—
8.57%
Encompass
Health
Corp.
32,403
3,973,579
Jazz
Pharmaceuticals
PLC
(a)
34,690
3,681,303
Molina
Healthcare,
Inc.
(a)
9,530
2,838,987
Quest
Diagnostics,
Inc.
20,458
3,674,871
Zimmer
Biomet
Holdings,
Inc.
29,734
2,712,038
16,880,778
Industrials
—
16.82%
AGCO
Corp.
29,099
3,001,853
Dover
Corp.
19,187
3,515,635
Gates
Industrial
Corp.
PLC
(a)
151,212
3,482,413
Dean
Mid
Cap
Value
Fund
Schedule
of
Investments
(continued)
June
30,
2025
(Unaudited)
COMMON
STOCKS
—
97.19%
-
continued
Shares
Fair
Value
Industrials
—
16.82%
-
continued
ITT,
Inc.
19,950
$
3,128,759
Knight-Swift
Transportation
Holdings,
Inc.
65,949
2,916,924
L3Harris
Technologies,
Inc.
17,154
4,302,910
Littelfuse,
Inc.
17,536
3,975,937
Regal
Rexnord
Corp.
22,745
3,297,115
Republic
Services,
Inc.
11,563
2,851,551
WESCO
International,
Inc.
14,232
2,635,766
33,108,863
Materials
—
4.69%
Avery
Dennison
Corp.
19,187
3,366,743
Eastman
Chemical
Co.
36,469
2,722,776
International
Flavors
&
Fragrances,
Inc.
42,822
3,149,558
9,239,077
Real
Estate
—
7.68%
AvalonBay
Communities,
Inc.
15,375
3,128,813
CBRE
Group,
Inc.,
Class
A
(a)
21,348
2,991,282
Regency
Centers
Corp.
46,126
3,285,554
STAG
Industrial,
Inc.
79,291
2,876,677
Weyerhaeuser
Co.
110,804
2,846,555
15,128,881
Technology
—
9.33%
Arrow
Electronics,
Inc.
(a)
29,226
3,724,269
Broadridge
Financial
Solutions,
Inc.
12,453
3,026,452
Global
Payments,
Inc.
30,242
2,420,570
Microchip
Technology,
Inc.
58,579
4,122,204
MKS,
Inc.
11,727
1,165,195
SS&C
Technologies
Holdings,
Inc.
47,270
3,913,956
18,372,646
Utilities
—
8.69%
Ameren
Corp.
42,314
4,063,836
Atmos
Energy
Corp.
22,745
3,505,232
CenterPoint
Energy,
Inc.
87,678
3,221,290
OGE
Energy
Corp.
75,098
3,332,849
Xcel
Energy,
Inc.
43,839
2,985,436
17,108,643
Total
Common
Stocks/Investments
—
97.19%
(Cost
$164,849,165)
191,353,851
Other
Assets
in
Excess
of
Liabilities — 2.81%
5,531,763
NET
ASSETS
—
100.00%
$
196,885,614
(a)
Non-income
producing
security.
Dean
Equity
Income
Fund
Schedule
of
Investments
June
30,
2025
(Unaudited)
COMMON
STOCKS
—
98.59%
Shares
Fair
Value
Communications
—
5.46%
Comcast
Corp.,
Class
A
42,064
$
1,501,264
Omnicom
Group,
Inc.
14,021
1,008,671
Verizon
Communications,
Inc.
52,464
2,270,117
4,780,052
Consumer
Discretionary
—
3.57%
Home
Depot,
Inc.
(The)
5,239
1,920,827
LKQ
Corp.
32,434
1,200,382
3,121,209
Consumer
Staples
—
13.91%
Altria
Group,
Inc.
51,385
3,012,703
Hershey
Co.
(The)
9,861
1,636,433
Kimberly-Clark
Corp.
10,260
1,322,719
Mondelez
International,
Inc.,
Class
A
25,808
1,740,492
PepsiCo,
Inc.
22,086
2,916,235
Sysco
Corp.
20,320
1,539,037
12,167,619
Energy
—
7.21%
Chevron
Corp.
18,258
2,614,363
EOG
Resources,
Inc.
21,725
2,598,527
Kinder
Morgan,
Inc.,
Class
P
37,287
1,096,238
6,309,128
Financials
—
15.19%
BlackRock,
Inc.
1,772
1,859,272
Canadian
Imperial
Bank
of
Commerce
17,873
1,265,945
JPMorgan
Chase
&
Co.
10,786
3,126,970
PNC
Financial
Services
Group,
Inc.
(The)
10,477
1,953,122
Principal
Financial
Group,
Inc.
19,029
1,511,473
Prudential
Financial,
Inc.
16,255
1,746,437
T.
Rowe
Price
Group,
Inc.
18,798
1,814,007
13,277,226
Health
Care
—
8.82%
Amgen,
Inc.
6,910
1,929,341
Bristol-Myers
Squibb
Co.
19,568
905,803
Johnson
&
Johnson
17,565
2,683,053
Merck
&
Co.,
Inc.
13,636
1,079,426
Pfizer,
Inc.
46,070
1,116,737
7,714,360
Industrials
—
10.32%
Fastenal
Co.
55,160
2,316,720
Illinois
Tool
Works,
Inc.
7,319
1,809,623
Lockheed
Martin
Corp.,
Class
B
2,850
1,319,949
Paychex,
Inc.
12,466
1,813,304
Union
Pacific
Corp.
7,704
1,772,536
9,032,132
Dean
Equity
Income
Fund
Schedule
of
Investments
(continued)
June
30,
2025
(Unaudited)
COMMON
STOCKS
—
98.59%
-
continued
Shares
Fair
Value
Materials
—
4.90%
Air
Products
&
Chemicals,
Inc.
5,855
$
1,651,462
PPG
Industries,
Inc.
14,483
1,647,441
Sonoco
Products
Co.
22,650
986,634
4,285,537
Real
Estate
—
10.03%
American
Tower
Corp.,
Class
A
7,165
1,583,608
Digital
Realty
Trust,
Inc.
11,094
1,934,017
Essex
Property
Trust,
Inc.
6,548
1,855,703
Lamar
Advertising
Co.,
Class
A
17,565
2,131,688
Public
Storage
4,314
1,265,814
8,770,830
Technology
—
7.23%
Amdocs
Ltd.
24,653
2,249,340
Cisco
Systems,
Inc.
33,897
2,351,774
Texas
Instruments,
Inc.
8,320
1,727,398
6,328,512
Utilities
—
11.95%
Alliant
Energy
Corp.
27,272
1,649,138
American
Electric
Power
Company,
Inc.
16,564
1,718,681
Duke
Energy
Corp.
15,254
1,799,972
NextEra
Energy,
Inc.
15,408
1,069,623
WEC
Energy
Group,
Inc.
19,645
2,047,009
Xcel
Energy,
Inc.
31,894
2,171,981
10,456,404
Total
Common
Stocks/Investments
—
98.59%
(Cost
$78,670,461)
86,243,009
Other
Assets
in
Excess
of
Liabilities — 1.41%
1,236,372
NET
ASSETS
—
100.00%
$
87,479,381