FullerThaler
Behavioral
Small-Cap
Equity
Fund
Schedule
of
Investments
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
94
.91
%
Apparel
&
Textile
Products
—
3
.13
%
Crocs,
Inc.
(a)
(b)
1,332,987
$
135,004,923
Deckers
Outdoor
Corp.
(b)
121,277
12,500,020
Kontoor
Brands,
Inc.
1,068,465
70,486,636
Ralph
Lauren
Corp.
316,081
86,694,697
Skechers
U.S.A.,
Inc.,
Class
A
(a)
(b)
256,400
16,178,840
320,865,116
Asset
Management
—
3
.59
%
Affiliated
Managers
Group,
Inc.
543,700
106,983,849
Federated
Hermes,
Inc.,
Class
B
2,680,182
118,785,666
Stifel
Financial
Corp.
645,537
66,993,830
Victory
Capital
Holdings,
Inc.,
Class
A
(b)
1,183,599
75,359,748
368,123,093
Automotive
—
1
.58
%
BorgWarner,
Inc.
2,101,900
70,371,612
Dorman
Products,
Inc.
(b)
746,623
91,588,243
161,959,855
Banking
—
7
.41
%
BancFirst
Corp.
258,477
31,952,927
Bank
OZK
(a)
456,636
21,489,290
Berkshire
Hills
Bancorp,
Inc.
656,769
16,445,496
Cadence
Bank
3,439,527
109,996,073
F.N.B.
Corp.
(b)
3,136,659
45,732,488
First
Commonwealth
Financial
Corp.
(b)
1,928,346
31,297,056
First
Financial
Bancorp
1,731,787
42,013,153
First
Financial
Bankshares,
Inc.
806,631
29,022,583
Fulton
Financial
Corp.
4,098,137
73,930,391
Hancock
Whitney
Corp.
2,049,576
117,645,662
Lakeland
Financial
Corp.
(a)
319,212
19,615,577
NBT
Bancorp,
Inc.
381,638
15,857,059
Wintrust
Financial
Corp.
621,208
77,017,368
Zions
Bancorp.
2,462,182
127,885,734
759,900,857
Biotech
&
Pharma
—
6
.65
%
Amphastar
Pharmaceuticals,
Inc.
(b)
1,207,454
27,723,144
Collegium
Pharmaceutical,
Inc.
(b)
1,366,808
40,416,513
Exelixis,
Inc.
(b)
7,841,816
345,628,040
Jazz
Pharmaceuticals
PLC
(b)
1,551,145
164,607,507
United
Therapeutics
Corp.
(b)
363,232
104,374,715
682,749,919
Chemicals
—
1
.97
%
Avient
Corp.
351,029
11,341,747
Axalta
Coating
Systems
Ltd.
(b)
4,986,617
148,052,658
Hawkins,
Inc.
298,467
42,412,161
201,806,566
FullerThaler
Behavioral
Small-Cap
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Commercial
Support
Services
—
2
.94
%
Clean
Harbors,
Inc.
(b)
115,351
$
26,666,844
H&R
Block,
Inc.
(a)
4,210,848
231,133,447
UniFirst
Corp.
231,394
43,552,979
301,353,270
Construction
Materials
—
1
.50
%
Eagle
Materials,
Inc.
763,152
154,240,651
Consumer
Services
—
0
.56
%
Stride,
Inc.
(b)
245,340
35,620,915
Upbound
Group,
Inc.
(b)
864,226
21,692,073
57,312,988
Containers
&
Packaging
—
0
.94
%
Graphic
Packaging
Holding
Co.
848,966
17,887,714
Sonoco
Products
Co.
(b)
1,798,615
78,347,669
96,235,383
Electrical
Equipment
—
3
.85
%
Acuity
Brands,
Inc.
525,743
156,850,166
Belden,
Inc.
938,285
108,653,403
Vontier
Corp.
(b)
3,497,092
129,042,695
394,546,264
Engineering
&
Construction
—
12
.01
%
Comfort
Systems
USA,
Inc.
492,136
263,888,244
EMCOR
Group,
Inc.
485,286
259,574,629
Frontdoor,
Inc.
(b)
1,839,595
108,425,729
Installed
Building
Products,
Inc.
(a)
425,221
76,675,851
Primoris
Services
Corp.
2,169,389
169,082,179
Sterling
Infrastructure,
Inc.
(b)
1,372,731
316,730,223
TopBuild
Corp.
(b)
120,244
38,927,793
1,233,304,648
Food
—
1
.26
%
Flowers
Foods,
Inc.
(a)
2,625,991
41,963,336
Simply
Good
Foods
Co.
(The)
(b)
2,757,050
87,095,210
129,058,546
Health
Care
Facilities
&
Services
—
4
.34
%
Chemed
Corp.
149,919
73,000,059
Encompass
Health
Corp.
1,731,346
212,314,960
Medpace
Holdings,
Inc.
(b)
55,554
17,436,178
Option
Care
Health,
Inc.
(b)
4,379,231
142,237,423
444,988,620
Home
Construction
—
3
.33
%
Armstrong
World
Industries,
Inc.
915,636
148,735,913
Griffon
Corp.
777,709
56,282,800
Taylor
Morrison
Home
Corp.
(b)
2,227,158
136,792,044
341,810,757
FullerThaler
Behavioral
Small-Cap
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Household
Products
—
0
.42
%
Edgewell
Personal
Care
Co.
(a)
1,848,669
$
43,277,341
Industrial
Intermediate
Products
—
0
.36
%
Mueller
Industries,
Inc.
(a)
459,706
36,532,836
Industrial
Support
Services
—
1
.55
%
Applied
Industrial
Technologies,
Inc.
523,800
121,757,310
MSC
Industrial
Direct
Co.,
Inc.,
Class
A
(a)
434,720
36,959,894
158,717,204
Institutional
Financial
Services
—
0
.95
%
Evercore,
Inc.,
Class
A
360,702
97,396,754
Insurance
—
2
.64
%
Assurant,
Inc.
288,300
56,936,367
Hanover
Insurance
Group,
Inc.
(b)
858,662
145,860,914
Primerica,
Inc.
249,583
68,303,380
271,100,661
Internet
Media
&
Services
—
1
.70
%
Match
Group,
Inc.
5,650,159
174,533,411
Leisure
Facilities
&
Services
—
0
.46
%
Boyd
Gaming
Corp.
(a)
(b)
244,922
19,160,248
Monarch
Casino
&
Resort,
Inc.
329,233
28,458,901
47,619,149
Leisure
Products
—
1
.57
%
Hasbro,
Inc.
1,264,400
93,338,008
Mattel,
Inc.
(b)
3,445,102
67,937,411
161,275,419
Machinery
—
3
.41
%
Crane
Co.
187,103
35,528,989
Crane
Holding
Co.
(a)
320,366
17,267,727
Donaldson
Co.,
Inc.
1,419,592
98,448,705
ESCO
Technologies,
Inc.
212,200
40,714,814
Mueller
Water
Products,
Inc.,
Class
A,
Series
A
5,261,606
126,489,009
Tennant
Co.
405,457
31,414,808
349,864,052
Medical
Equipment
&
Devices
—
1
.28
%
Integer
Holdings
Corp.
(b)
234,174
28,796,377
Merit
Medical
Systems,
Inc.
(a)
(b)
1,095,027
102,363,124
131,159,501
Metals
&
Mining
—
0
.14
%
Alpha
Metallurgical
Resources,
Inc.
(b)
130,479
14,676,278
Oil
&
Gas
Producers
—
2
.51
%
Chord
Energy
Corp.
430,090
41,654,217
HF
Sinclair
Corp.
2,126,694
87,364,590
Murphy
USA,
Inc.
315,563
128,371,028
257,389,835
FullerThaler
Behavioral
Small-Cap
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Oil
&
Gas
Services
&
Equipment
—
0
.97
%
International
Seaways,
Inc.
(a)
(b)
383,091
$
13,975,160
Weatherford
International
PLC
1,685,410
84,792,977
98,768,137
Publishing
&
Broadcasting
—
1
.69
%
Nexstar
Media
Group,
Inc.,
Class
A
(a)
764,281
132,182,399
TEGNA,
Inc.
(b)
2,477,150
41,517,034
173,699,433
Real
Estate
—
0
.73
%
Apple
Hospitality
REIT,
Inc.
(a)
6,396,047
74,641,868
Retail
-
Discretionary
—
1
.88
%
Academy
Sports
&
Outdoors,
Inc.
(a)
494,627
22,164,236
AutoNation,
Inc.
(b)
176,865
35,134,232
Bath
&
Body
Works,
Inc.
2,459,052
73,673,198
Builders
FirstSource,
Inc.
(a)
(b)
212,864
24,839,100
La-Z-Boy,
Inc.
(a)
991,865
36,867,622
192,678,388
Semiconductors
—
1
.38
%
Cirrus
Logic,
Inc.
(b)
1,353,379
141,096,528
Software
—
2
.06
%
Blackbaud,
Inc.
(b)
463,532
29,763,390
CommVault
Systems,
Inc.
(b)
526,454
91,776,726
Concentrix
Corp.
(a)
211,376
11,172,278
Donnelley
Financial
Solutions,
Inc.
(b)
368,404
22,712,107
Progress
Software
Corp.
(a)
603,961
38,556,870
Ziff
Davis,
Inc.
(a)
(b)
564,547
17,088,838
211,070,209
Steel
—
1
.93
%
Commercial
Metals
Co.
(a)
4,042,105
197,699,356
Technology
Hardware
—
2
.55
%
Avnet,
Inc.
253,872
13,475,526
InterDigital,
Inc.
(a)
345,116
77,385,360
Jabil,
Inc.
233,700
50,969,970
Plexus
Corp.
(b)
377,857
51,127,831
Sanmina
Corp.
(b)
699,753
68,456,836
261,415,523
Technology
Services
—
4
.77
%
CACI
International,
Inc.,
Class
A
(a)
(b)
151,929
72,424,554
CSG
Systems
International,
Inc.
1,353,287
88,383,174
EVERTEC,
Inc.
1,097,476
39,564,010
ExlService
Holdings,
Inc.
(b)
2,133,656
93,432,796
Parsons
Corp.
(a)
(b)
1,014,092
72,781,383
Science
Applications
International
Corp.
1,095,542
123,368,984
489,954,901
FullerThaler
Behavioral
Small-Cap
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Transportation
&
Logistics
—
2
.37
%
Hub
Group,
Inc.,
Class
A
1,123,564
$
37,560,745
JB
Hunt
Transport
Services,
Inc.
60,920
8,748,112
Ryder
System,
Inc.
673,175
107,034,825
SkyWest,
Inc.
(b)
426,718
43,939,152
Teekay
Tankers
Ltd.,
Class
A
(b)
1,107,701
46,213,286
243,496,120
Transportation
Equipment
—
2
.53
%
Allison
Transmission
Holdings,
Inc.
2,583,701
245,425,758
REV
Group,
Inc.
293,802
13,982,037
259,407,795
Total
Common
Stocks
(Cost $7,880,384,999)
9,735,727,232
COLLATERAL
FOR
SECURITIES
LOANED
—
0
.00
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class,
4.26%
(c)
1
—
Total
Collateral
for
Securities
Loaned
(Cost $–)
—
MONEY
MARKET
FUNDS
-
4
.42
%
Fidelity
Investments
Money
Market
Government
Portfolio,
Institutional
Class,
4.28%
(c)
453,172,457
453,172,457
Total
Money
Market
Funds
(Cost
$453,172,457)
453,172,457
Total
Investments
—
99.82%
(Cost
$8,383,557,456)
10,238,899,689
Other
Assets
in
Excess
of
liabilities
(d)
—
0
.18
%
18,831,503
NET
ASSETS
—
100.00%
$10,257,731,192
(a)
All
or
a
portion
of
the
security
was
on
loan
as
of
June
30,
2025.
The
total
value
of
securities
on
loan
as
of
June
30,
2025
was
$xxx.
(b)
Non-income
producing
security.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
June
30,
2025.
(d)
Includes
cash
collateral
for
securities
loaned
in
the
amount
of
$XXX. This
cash
is
held
deposit
accounts
as
part
of
the
IntraFi
Network
Deposit
Placement
Agreement.
FullerThaler
Behavioral
Small-Cap
Growth
Fund
Schedule
of
Investments
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
27
.65
%
Aerospace
&
Defense
—
0
.86
%
Kratos
Defense
&
Security
Solutions,
Inc.
(a)
(b)
1,902,460
$
88,369,267
Automotive
—
0
.55
%
Modine
Manufacturing
Co.
(a)
(b)
576,360
56,771,460
Biotech
&
Pharma
—
1
.85
%
BioMarin
Pharmaceutical,
Inc.
(b)
566,700
31,151,499
Elanco
Animal
Health,
Inc.
(a)
(b)
3,188,500
45,531,780
Guardant
Health,
Inc.
(b)
1,391,400
72,408,457
Halozyme
Therapeutics,
Inc.
(b)
777,055
40,422,401
189,514,137
Chemicals
—
0
.49
%
Mosaic
Co.
(The)
1,380,700
50,367,936
Consumer
Services
—
0
.72
%
Adtalem
Global
Education,
Inc.
(b)
285,800
36,362,334
Stride,
Inc.
(b)
260,370
37,803,120
74,165,454
Containers
&
Packaging
—
0
.38
%
Sealed
Air
Corp.
1,242,700
38,560,981
Electrical
Equipment
—
2
.43
%
AAON,
Inc.
380,000
28,025,000
Bloom
Energy
Corp.,
Class
A
(a)
(b)
2,472,510
59,142,439
NEXTracker,
Inc.,
Class
A
(a)
(b)
783,715
42,610,585
Vertiv
Holdings
Co.,
Class
A
927,960
119,159,343
248,937,367
Engineering
&
Construction
—
0
.37
%
VSE
Corp.
292,200
38,272,356
Food
—
0
.67
%
Lamb
Weston
Holdings,
Inc.
586,000
30,384,100
Post
Holdings,
Inc.
(b)
350,030
38,163,771
68,547,871
Health
Care
Facilities
&
Services
—
0
.81
%
BrightSpring
Health
Services,
Inc.
(b)
1,713,100
40,412,029
Charles
River
Laboratories
International,
Inc.
(b)
283,000
42,939,590
83,351,619
Home
Construction
—
0
.38
%
Griffon
Corp.
539,500
39,043,615
Internet
Media
&
Services
—
0
.36
%
Lyft,
Inc.,
Class
A,
Class
A
(b)
2,311,900
36,435,544
Leisure
Facilities
&
Services
—
1
.41
%
Dutch
Bros,
Inc.,
Class
A
(b)
828,145
56,620,274
Life
Time
Group
Holdings,
Inc.
(b)
1,631,200
49,474,296
MGM
Resorts
International
(a)
(b)
1,120,600
38,537,434
144,632,004
FullerThaler
Behavioral
Small-Cap
Growth
Fund
Schedule
of
Investments
(continued)
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Leisure
Products
—
2
.39
%
Axon
Enterprise,
Inc.
(b)
149,265
$
123,582,464
Camping
World
Holdings,
Inc.,
Class
A
(b)
1,885,000
32,403,150
Hasbro,
Inc.
610,100
45,037,582
Mattel,
Inc.
(b)
2,252,500
44,419,300
245,442,496
Machinery
—
0
.41
%
Regal-Beloit
Corp.
289,000
41,893,440
Medical
Equipment
&
Devices
—
1
.23
%
iRhythm
Technologies,
Inc.
(b)
370,900
57,103,764
Merit
Medical
Systems,
Inc.
(b)
415,780
38,867,114
QuidelOrtho
Corp.
(b)
1,043,600
30,076,552
126,047,430
Oil
&
Gas
Producers
—
0
.98
%
California
Resources
Corp.
900,000
41,103,000
Comstock
Resources,
Inc.
(a)
(b)
915,000
25,318,050
Ovintiv,
Inc.
883,000
33,598,150
100,019,200
Retail
-
Consumer
Staples
—
0
.56
%
Sprouts
Farmers
Market,
Inc.
(b)
350,600
57,722,784
Retail
-
Discretionary
—
1
.44
%
Bath
&
Body
Works,
Inc.
1,144,700
34,295,212
Boot
Barn
Holdings,
Inc.
(a)
(b)
264,000
40,128,000
Urban
Outfitters,
Inc.
(b)
1,003,700
72,808,398
147,231,610
Semiconductors
—
1
.62
%
Ambarella,
Inc.
(b)
637,400
42,109,831
Astera
Labs,
Inc.
(b)
446,300
40,354,446
Qorvo,
Inc.
(b)
515,000
43,728,650
Semtech
Corp.
(a)
(b)
891,100
40,224,254
166,417,181
Software
—
4
.32
%
Box,
Inc.,
Class
A
(b)
1,095,000
37,416,150
Clearwater
Analytics
Holdings,
Inc.,
Class
A
(b)
1,473,900
32,322,627
DigitalOcean
Holdings,
Inc.
(a)
(b)
1,356,695
38,747,209
Duolingo,
Inc.
(b)
117,390
48,132,247
Elastic
NV
(b)
425,500
35,882,415
Five9,
Inc.
(b)
1,093,366
28,952,332
Freshworks,
Inc.,
Class
A
(b)
2,724,550
40,623,041
GitLab,
Inc.,
Class
A
(a)
(b)
717,700
32,375,447
Intapp,
Inc.
(b)
634,221
32,738,488
Unity
Software,
Inc.
(b)
1,522,000
36,832,400
Upstart
Holdings,
Inc.
(a)
(b)
637,400
41,227,032
Waystar
Holding
Corp.
(b)
939,240
38,386,739
443,636,127
FullerThaler
Behavioral
Small-Cap
Growth
Fund
Schedule
of
Investments
(continued)
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Specialty
Finance
—
0
.36
%
FirstCash
Holdings,
Inc.
(b)
270,368
$
36,537,532
Steel
—
1
.45
%
ATI,
Inc.
(b)
563,000
48,609,420
Carpenter
Technology
Corp.
(a)
362,640
100,226,443
148,835,863
Technology
Hardware
—
1
.21
%
Credo
Technology
Group
Holding
Ltd.
(b)
525,000
48,609,750
Lumentum
Holdings,
Inc.
(b)
798,355
75,891,626
124,501,376
Technology
Services
—
0
.40
%
Shift4
Payments,
Inc.,
Class
A
(a)
(b)
417,400
41,368,514
Total
Common
Stocks
(Cost $2,641,039,608)
2,836,623,164
COLLATERAL
FOR
SECURITIES
LOANED
—
0
.00
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class,
4.26%
(c)
1
—
Total
Collateral
for
Securities
Loaned
(Cost $–)
—
Total
Investments
—
27.65%
(Cost
$2,641,039,608)
2,836,623,164
Other
Assets
in
Excess
of
liabilities
(d)
—
72
.35
%
7,421,108,028
NET
ASSETS
—
100.00%
$10,257,731,192
(a)
All
or
a
portion
of
the
security
was
on
loan
as
of
June
30,
2025.
The
total
value
of
securities
on
loan
as
of
June
30,
2025
was
$xxx.
(b)
Non-income
producing
security.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
June
30,
2025.
(d)
Includes
cash
collateral
for
securities
loaned
in
the
amount
of
$XXX. This
cash
is
held
deposit
accounts
as
part
of
the
IntraFi
Network
Deposit
Placement
Agreement.
FullerThaler
Behavioral
Mid-Cap
Value
Fund
Schedule
of
Investments
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
99
.43
%
Banking
—
11
.51
%
Citizens
Financial
Group,
Inc.
299,835
$
13,417,615
East
West
Bancorp,
Inc.
50,240
5,073,235
First
Citizens
BancShares,
Inc.,
Class
A
2,965
5,800,934
KeyCorp
607,555
10,583,608
M&T
Bank
Corp.
21,390
4,149,446
Old
National
Bancorp
(a)
(b)
132,885
2,835,766
Zions
Bancorp.
69,990
3,635,281
45,495,885
Chemicals
—
6
.28
%
Celanese
Corp.
92,400
5,112,492
Dow,
Inc.
235,130
6,226,243
LyondellBasell
Industries
N.V.,
Class
A
97,490
5,640,771
Olin
Corp.
250,400
5,030,536
Sherwin-Williams
Co.
(The)
8,194
2,813,492
24,823,534
Commercial
Support
Services
—
3
.31
%
Aramark
(a)
123,800
5,183,506
Brink's
Co.
(The)
58,685
5,239,984
Republic
Services,
Inc.
8,510
2,098,651
Vestis
Corp.
99,337
569,201
13,091,342
Containers
&
Packaging
—
8
.81
%
Amcor
PLC
(a)
1,289,449
11,850,034
Crown
Holdings,
Inc.
44,940
4,627,921
Graphic
Packaging
Holding
Co.
557,000
11,735,990
Smurfit
WestRock
PLC
153,870
6,639,491
34,853,436
Electric
Utilities
—
2
.45
%
Alliant
Energy
Corp.
(a)
32,990
1,994,905
CenterPoint
Energy,
Inc.
73,855
2,713,433
CMS
Energy
Corp.
24,895
1,724,726
Edison
International
23,550
1,215,180
Pinnacle
West
Capital
Corp.
22,575
2,019,785
9,668,029
Electrical
Equipment
—
1
.19
%
AMETEK,
Inc.
13,920
2,518,963
Roper
Technologies,
Inc.
3,870
2,193,671
4,712,634
Food
—
2
.14
%
Flowers
Foods,
Inc.
245,000
3,915,100
Ingredion,
Inc.
33,500
4,543,270
8,458,370
Forestry,
Paper
&
Wood
Products
—
0
.20
%
Magnera
Corp.
(b)
66,353
801,544
FullerThaler
Behavioral
Mid-Cap
Value
Fund
Schedule
of
Investments
(continued)
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Gas
&
Water
Utilities
—
0
.67
%
Atmos
Energy
Corp.
17,235
$
2,656,086
Health
Care
Facilities
&
Services
—
2
.60
%
Centene
Corp.
(b)
23,535
1,277,480
Henry
Schein,
Inc.
(b)
35,080
2,562,594
Labcorp
Holdings,
Inc.
24,550
6,444,620
10,284,694
Household
Products
—
1
.01
%
Reynolds
Consumer
Products,
Inc.
186,000
3,984,120
Industrial
Support
Services
—
2
.04
%
U-Haul
Holding
Co.
148,065
8,050,294
Insurance
—
6
.90
%
Everest
Re
Group,
Ltd.
31,240
10,616,913
Globe
Life,
Inc.
63,555
7,899,251
Markel
Corp.
(b)
4,400
8,788,384
27,304,548
Machinery
—
4
.81
%
AGCO
Corp.
102,900
10,615,163
Donaldson
Co.,
Inc.
62,525
4,336,109
Hillenbrand,
Inc.
203,200
4,078,224
19,029,496
Medical
Equipment
&
Devices
—
2
.77
%
Dentsply
Sirona,
Inc.
689,050
10,942,114
Oil
&
Gas
Producers
—
4
.07
%
Cheniere
Energy,
Inc.
29,985
7,301,947
Devon
Energy
Corp.
276,335
8,790,217
16,092,164
Real
Estate
—
3
.37
%
American
Tower
Corp.,
Class
A
27,540
6,086,891
Brixmor
Property
Group,
Inc.
196,775
5,124,021
WP
Carey,
Inc.
33,655
2,099,399
13,310,311
Reit
—
1
.01
%
Americold
Realty
Trust,
Inc.
240,000
3,991,200
REIT
—
3
.20
%
Healthpeak
Properties,
Inc.
574,070
10,051,966
Public
Storage
8,855
2,598,234
12,650,200
Retail
-
Consumer
Staples
—
6
.60
%
Dollar
General
Corp.
103,810
11,873,788
Dollar
Tree,
Inc.
(b)
143,785
14,240,466
26,114,254
Retail
-
Discretionary
—
3
.54
%
Advance
Auto
Parts,
Inc.
(a)
177,375
8,246,164
FullerThaler
Behavioral
Mid-Cap
Value
Fund
Schedule
of
Investments
(continued)
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Retail
-
Discretionary
—
(continued)
CarMax,
Inc.
(b)
85,505
$
5,746,791
13,992,955
Software
—
1
.44
%
Concentrix
Corp.
(a)
107,800
5,697,769
Specialty
Finance
—
5
.45
%
Ally
Financial,
Inc.
284,320
11,074,264
Synchrony
Financial
157,213
10,492,396
21,566,660
Technology
Hardware
—
0
.56
%
NCR
Atleos
Corp.
(b)
40,203
1,146,992
NCR
Corp.
(b)
89,840
1,053,823
2,200,815
Technology
Services
—
11
.93
%
Amdocs
Ltd.
27,930
2,548,333
CACI
International,
Inc.,
Class
A
(a)
(b)
4,000
1,906,800
Fidelity
National
Information
Services,
Inc.
(a)
209,510
17,056,209
Global
Payments,
Inc.
203,635
16,298,945
TransUnion
75,185
6,616,280
Verisk
Analytics,
Inc.
8,865
2,761,448
47,188,015
Wholesale
-
Discretionary
—
1
.57
%
LKQ
Corp.
167,900
6,213,979
Total
Common
Stocks
(Cost $395,672,219)
393,174,448
COLLATERAL
FOR
SECURITIES
LOANED
—
0
.00
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class,
4.26%
(c)
1
—
Total
Collateral
for
Securities
Loaned
(Cost $–)
—
Total
Investments
—
100.04%
(Cost
$398,080,141)
395,582,370
Liabilities
in
Excess
of
Other
Assets
—
(
0
.04
)
%
(
142,383
)
NET
ASSETS
—
100.00%
$395,439,987
(a)
All
or
a
portion
of
the
security
was
on
loan
as
of
June
30,
2025.
The
total
value
of
securities
on
loan
as
of
June
30,
2025
was
$xxx.
(b)
Non-income
producing
security.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
June
30,
2025.
FullerThaler
Behavioral
Unconstrained
Equity
Fund
Schedule
of
Investments
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
97
.35
%
Automotive
—
4
.45
%
Gentex
Corp.
473,190
$
10,405,448
Banking
—
4
.45
%
First
Citizens
BancShares,
Inc.,
Class
A
5,315
10,398,638
Beverages
—
3
.77
%
Coca-Cola
Consolidated,
Inc.
78,870
8,805,836
Biotech
&
Pharma
—
3
.53
%
Exelixis,
Inc.
(a)
187,015
8,242,686
Chemicals
—
3
.21
%
Ecolab,
Inc.
27,886
7,513,604
Commercial
Support
Services
—
4
.46
%
Cintas
Corp.
46,712
10,410,704
E-Commerce
Discretionary
—
4
.71
%
eBay,
Inc.
147,960
11,017,102
Home
Construction
—
3
.87
%
Masco
Corp.
140,530
9,044,511
Machinery
—
4
.23
%
Parker-Hannifin
Corp.
14,163
9,892,431
Medical
Equipment
&
Devices
—
4
.32
%
Waters
Corp.
(a)
28,942
10,101,916
Retail
-
Consumer
Staples
—
4
.14
%
Dollar
General
Corp.
84,620
9,678,835
Retail
-
Discretionary
—
8
.86
%
O'Reilly
Automotive,
Inc.
(a)
115,840
10,440,659
Ross
Stores,
Inc.
80,460
10,265,087
20,705,746
Semiconductors
—
19
.65
%
Applied
Materials,
Inc.
63,350
11,597,485
KLA
Corp.
11,985
10,735,444
Lam
Research
Corp.
131,040
12,755,433
Teradyne,
Inc.
121,120
10,891,110
45,979,472
Software
—
8
.24
%
Adobe,
Inc.
(a)
23,190
8,971,747
Fortinet,
Inc.
(a)
97,460
10,303,471
19,275,218
Specialty
Finance
—
4
.20
%
Synchrony
Financial
147,130
9,819,456
Technology
Hardware
—
4
.23
%
Zebra
Technologies
Corp.,
Class
A
(a)
32,040
9,879,854
FullerThaler
Behavioral
Unconstrained
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Transportation
&
Logistics
—
4
.02
%
Union
Pacific
Corp.
40,877
$
9,404,980
Transportation
Equipment
—
3
.01
%
Allison
Transmission
Holdings,
Inc.
74,165
7,044,933
Total
Common
Stocks
(Cost $216,749,111)
227,621,370
COLLATERAL
FOR
SECURITIES
LOANED
—
0
.00
%
Invesco
Government
&
Agency
Portfolio,
,
4.26%
(b)
1
—
Total
Collateral
for
Securities
Loaned
(Cost $–)
—
Total
Investments
—
97.35%
(Cost
$216,749,111)
227,621,370
Other
Assets
in
Excess
of
liabilities
(c)
—
2
.65
%
6,200,343
NET
ASSETS
—
100.00%
$233,821,713
(a)
Non-income
producing
security.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
June
30,
2025.
(c)
Includes
cash
collateral
for
securities
loaned
in
the
amount
of
$XXX. This
cash
is
held
deposit
accounts
as
part
of
the
IntraFi
Network
Deposit
Placement
Agreement.
FullerThaler
Behavioral
Small-Mid
Core
Equity
Fund
Schedule
of
Investments
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
96
.71
%
Asset
Management
—
1
.86
%
Hamilton
Lane,
Inc.,
Class
A
25,925
$
3,684,461
Automotive
—
2
.03
%
Gentex
Corp.
183,215
4,028,898
Banking
—
7
.64
%
First
Citizens
BancShares,
Inc.,
Class
A
1,565
3,061,876
First
Commonwealth
Financial
Corp.
(a)
198,320
3,218,734
First
Financial
Bankshares,
Inc.
102,680
3,694,425
Live
Oak
Bancshares,
Inc.
85,952
2,561,370
QCR
Holdings,
Inc.
38,460
2,611,434
15,147,839
Beverages
—
1
.91
%
Coca-Cola
Consolidated,
Inc.
33,960
3,791,634
Biotech
&
Pharma
—
2
.94
%
Exelixis,
Inc.
(a)
132,245
5,828,698
Chemicals
—
3
.08
%
Huntsman
Corp.
301,915
3,145,954
Orion
S.A.
282,320
2,961,537
6,107,491
Construction
Materials
—
1
.87
%
Owens
Corning
26,880
3,696,538
E-Commerce
Discretionary
—
2
.11
%
eBay,
Inc.
56,130
4,179,440
Electrical
Equipment
—
5
.48
%
Acuity
Brands,
Inc.
4,745
1,415,623
Advanced
Energy
Industries,
Inc.
9,770
1,294,525
Allegion
PLC
35,580
5,127,789
Watts
Water
Technologies,
Inc.,
Class
A
12,250
3,012,153
10,850,090
Engineering
&
Construction
—
4
.62
%
Comfort
Systems
USA,
Inc.
8,830
4,734,734
Frontdoor,
Inc.
(a)
75,140
4,428,752
9,163,486
Food
—
2
.43
%
Lancaster
Colony
Corp.
27,940
4,827,194
Health
Care
Facilities
&
Services
—
1
.88
%
Medpace
Holdings,
Inc.
(a)
7,025
2,204,866
Quest
Diagnostics,
Inc.
8,520
1,530,448
3,735,314
Home
Construction
—
3
.78
%
Masco
Corp.
88,625
5,703,904
PulteGroup,
Inc.
16,800
1,771,728
7,475,632
FullerThaler
Behavioral
Small-Mid
Core
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Hotels,
Restaurants
&
Leisure
—
1
.57
%
Expedia
Group,
Inc.
(a)
18,500
$
3,120,580
Insurance
—
3
.87
%
Brown
&
Brown,
Inc.
26,503
2,938,388
Old
Republic
International
Corp.
122,990
4,727,735
7,666,123
Machinery
—
2
.53
%
Graco,
Inc.
58,360
5,017,209
Medical
Equipment
&
Devices
—
5
.67
%
Align
Technology,
Inc.
(a)
4,350
823,586
Dentsply
Sirona,
Inc.
227,670
3,615,400
Hologic,
Inc.
(a)
36,970
2,408,965
Waters
Corp.
(a)
12,550
4,380,452
11,228,403
Oil
&
Gas
Producers
—
4
.36
%
Coterra
Energy,
Inc.
173,600
4,405,968
Devon
Energy
Corp.
133,034
4,231,812
8,637,780
Publishing
&
Broadcasting
—
2
.30
%
New
York
Times
Co.
(The),
Class
A
81,450
4,559,571
Real
Estate
—
3
.19
%
American
Assets
Trust,
Inc.
182,795
3,610,201
Apple
Hospitality
REIT,
Inc.
231,600
2,702,772
6,312,973
Reit
—
1
.47
%
National
Storage
Affiliates
Trust
91,370
2,922,926
REIT
—
3
.17
%
Gaming
and
Leisure
Properties,
Inc.
49,690
2,319,529
Matson,
Inc.
35,490
3,951,812
6,271,341
Retail
-
Consumer
Staples
—
0
.49
%
Dollar
General
Corp.
8,415
962,508
Retail
-
Discretionary
—
1
.84
%
Advance
Auto
Parts,
Inc.
78,550
3,651,790
Semiconductors
—
5
.49
%
Cirrus
Logic,
Inc.
(a)
19,640
2,047,568
IPG
Photonics
Corp.
(a)
37,960
2,605,954
Power
Integrations,
Inc.
(a)
14,080
787,072
Teradyne,
Inc.
60,555
5,445,105
10,885,699
Software
—
4
.11
%
Akamai
Technologies,
Inc.
(a)
40,055
3,194,787
Concentrix
Corp.
6,765
357,564
FullerThaler
Behavioral
Small-Mid
Core
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Software
—
(continued)
SS&C
Technologies
Holdings,
Inc.
55,400
$
4,587,120
8,139,471
Specialty
Finance
—
2
.77
%
Synchrony
Financial
82,135
5,481,690
Steel
—
1
.23
%
Steel
Dynamics,
Inc.
19,120
2,447,551
Technology
Hardware
—
3
.77
%
NetApp,
Inc.
20,990
2,236,485
Zebra
Technologies
Corp.,
Class
A
(a)
16,960
5,229,785
7,466,270
Technology
Services
—
4
.17
%
Leidos
Holdings,
Inc.
31,220
4,925,268
Science
Applications
International
Corp.
29,735
3,348,458
8,273,726
Transportation
Equipment
—
3
.08
%
Allison
Transmission
Holdings,
Inc.
64,215
6,099,783
Total
Common
Stocks
(Cost $199,017,852)
191,662,109
COLLATERAL
FOR
SECURITIES
LOANED
—
0
.00
%
Invesco
Government
&
Agency
Portfolio,
,
4.26%
(b)
1
—
Total
Collateral
for
Securities
Loaned
(Cost $–)
—
Total
Investments
—
96.71%
(Cost
$199,017,852)
191,662,109
Other
Assets
in
Excess
of
liabilities
(c)
—
3
.29
%
6,521,126
NET
ASSETS
—
100.00%
$198,183,235
(a)
Non-income
producing
security.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
June
30,
2025.
(c)
Includes
cash
collateral
for
securities
loaned
in
the
amount
of
$XXX. This
cash
is
held
deposit
accounts
as
part
of
the
IntraFi
Network
Deposit
Placement
Agreement.
FullerThaler
Behavioral
Micro-Cap
Equity
Fund
Schedule
of
Investments
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
97
.55
%
Automotive
—
1
.24
%
Cooper-Standard
Holding,
Inc.
(a)
11,800
$
253,700
Beverages
—
1
.03
%
Westrock
Coffee
Co.
(a)
36,900
211,437
Biotech
&
Pharma
—
3
.21
%
Emergent
BioSolutions,
Inc.
(a)
76,115
485,614
Vanda
Pharmaceuticals,
Inc.
(a)
36,245
171,076
656,690
Commercial
Support
Services
—
3
.79
%
BrightView
Holdings,
Inc.
(a)
30,285
504,245
LegalZoom.com,
Inc.
(a)
30,425
271,087
775,332
Consumer
Services
—
2
.31
%
Coursera,
Inc.
(a)
30,375
266,085
Universal
Technical
Institute,
Inc.
(a)
6,055
205,204
471,289
Engineering
&
Construction
—
2
.60
%
TSS,
Inc.
(a)(b)
18,400
530,472
Entertainment
Content
—
0
.99
%
Starz
Entertainment
Corp.
(a)
12,600
202,482
Food
—
4
.06
%
Limoneira
Co.
(a)
20,795
325,442
TreeHouse
Foods,
Inc.
(a)
12,000
233,040
Utz
Brands,
Inc.
21,575
270,766
829,248
Health
Care
Facilities
&
Services
—
1
.19
%
NeoGenomics,
Inc.
(a)
33,225
242,875
Home
&
Office
Products
—
0
.88
%
Traeger,
Inc.
(a)
105,000
179,550
Home
Construction
—
2
.65
%
Beazer
Homes
USA,
Inc.
(a)
14,900
333,313
Smith
Douglas
Homes
Corp.
(a)
10,700
207,794
541,107
Household
Products
—
1
.14
%
Spectrum
Brands
Holdings,
Inc.
4,400
233,200
Insurance
—
1
.06
%
Root,
Inc.
(a)
1,690
216,269
Internet
Media
&
Services
—
1
.95
%
Groupon,
Inc.
(a)
11,925
398,891
Leisure
Facilities
&
Services
—
6
.50
%
BJ's
Restaurants,
Inc.
(a)
8,700
388,019
El
Pollo
Loco
Holdings,
Inc.
(a)
28,165
310,097
FullerThaler
Behavioral
Micro-Cap
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Leisure
Facilities
&
Services
—
(continued)
Lindblad
Expeditions
Holdings,
Inc.
(a)
26,200
$
305,754
Red
Robin
Gourmet
Burgers,
Inc.
(a)
56,265
325,774
1,329,644
Leisure
Products
—
1
.59
%
Camping
World
Holdings,
Inc.,
Class
A
(a)
18,850
324,032
Medical
Equipment
&
Devices
—
5
.86
%
CareDx,
Inc.
(a)
14,265
278,738
MiMedx
Group,
Inc.
(a)
37,700
230,347
Neogen
Corp.
(a)
33,275
159,055
Treace
Medical
Concepts,
Inc.
(a)
49,980
293,882
Zimvie,
Inc.
(a)
25,045
234,171
1,196,193
Oil
&
Gas
Producers
—
5
.00
%
Clean
Energy
Fuels
Corp.
(a)
112,075
218,546
Delek
US
Holdings,
Inc.
16,200
343,116
Matador
Resources
Co.
9,620
459,066
1,020,728
Oil
&
Gas
Services
&
Equipment
—
4
.55
%
Ameresco,
Inc.,
Class
A
(a)
25,625
389,244
Newpark
Resources,
Inc.
(a)
63,465
540,087
929,331
Publishing
&
Broadcasting
—
2
.36
%
Clear
Channel
Outdoor
Holdings,
Inc.
(a)
222,950
260,851
Townsquare
Media,
Inc.,
Class
A
(a)
27,860
220,373
481,224
REIT
—
2
.75
%
Farmland
Partners,
Inc.
(a)
22,455
258,457
Net
Lease
Office
Properties
(a)
9,320
303,366
561,823
Renewable
Energy
—
1
.73
%
Complete
Solaria,
Inc.
(a)
50,425
92,782
Fluence
Energy,
Inc.
(a)
38,900
261,019
353,801
Retail
-
Discretionary
—
1
.39
%
Citi
Trends,
Inc.
(a)
8,500
283,815
Semiconductors
—
1
.15
%
Ultra
Clean
Holdings,
Inc.
(a)
10,375
234,164
Software
—
12
.96
%
Cerence,
Inc.
(a)
34,900
356,329
Domo,
Inc.
(a)
34,500
481,965
Evolent
Health,
Inc.,
Class
A
(a)
27,750
312,465
Porch
Group,
Inc.
(a)
77,677
915,812
PubMatic,
Inc.,
Class
A
(a)
20,100
250,044
FullerThaler
Behavioral
Micro-Cap
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Software
—
(continued)
Vimeo,
Inc.
(a)
82,725
$
334,209
2,650,824
Specialty
Finance
—
3
.49
%
Dave,
Inc.
(a)
1,925
516,690
PROG
Holdings,
Inc.
(a)
6,700
196,645
713,335
Technology
Hardware
—
8
.79
%
Aviat
Networks,
Inc.
(a)
13,200
317,460
Digital
Turbine,
Inc.
(a)
130,250
768,475
Pitney
Bowes,
Inc.
35,700
389,487
Xperi,
Inc.
(a)
40,570
320,909
1,796,331
Technology
Services
—
5
.51
%
Conduent,
Inc.
(a)
76,200
201,168
Green
Dot
Corp.,
Class
A
(a)
68,455
737,945
Repay
Holdings
Corp.,
Class
A
(a)
38,650
186,293
1,125,406
Telecommunications
—
1
.69
%
Shenandoah
Telecommunications
Co.
25,300
345,598
Transportation
&
Logistics
—
1
.18
%
Bristow
Group,
Inc.
(a)
7,345
242,165
Wholesale
-
Consumer
Staples
—
1
.23
%
Calavo
Growers,
Inc.
9,460
251,541
Wholesale
-
Discretionary
—
1
.72
%
ThredUp,
Inc.,
Class
A
(a)
47,000
352,030
Total
Common
Stocks
(Cost $18,533,133)
19,934,527
CLOSED
END
FUNDS
—
1
.31
%
NexPoint
Diversified
Real
Estate
Trust
(a)
64,000
268,160
Total
Closed
End
Funds
(Cost $236,888)
268,160
COLLATERAL
FOR
SECURITIES
LOANED
—
0
.00
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class,
4.26%
(c)
1
—
Total
Collateral
for
Securities
Loaned
(Cost $–)
—
Total
Investments
—
99.90%
(Cost
$18,983,106)
20,415,772
Other
Assets
in
Excess
of
liabilities
(d)
—
0
.10
%
20,313
NET
ASSETS
—
100.00%
$20,436,085
FullerThaler
Behavioral
Micro-Cap
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2025
-
(Unaudited)
(a)
Non-income
producing
security.
(b)
All
or
a
portion
of
the
security
was
on
loan
as
of
June
30,
2025.
The
total
value
of
securities
on
loan
as
of
June
30,
2025
was
$xxx.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
June
30,
2025.
(d)
Includes
cash
collateral
for
securities
loaned
in
the
amount
of
$XXX. This
cash
is
held
deposit
accounts
as
part
of
the
IntraFi
Network
Deposit
Placement
Agreement.
FullerThaler
Behavioral
Mid-Cap
Equity
Fund
Schedule
of
Investments
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
96
.66
%
Advertising
&
Marketing
—
0
.92
%
Omnicom
Group,
Inc.
13,925
$
1,001,765
Aerospace
&
Defense
—
0
.39
%
Textron,
Inc.
(a)
5,230
419,917
Apparel
&
Textile
Products
—
1
.78
%
Crocs,
Inc.
(a)
5,060
512,477
Deckers
Outdoor
Corp.
(a)
3,507
361,466
Ralph
Lauren
Corp.
2,025
555,417
Tapestry,
Inc.
5,720
502,273
1,931,633
Automotive
—
0
.73
%
BorgWarner,
Inc.
23,740
794,815
Banking
—
2
.80
%
Cullen/Frost
Bankers,
Inc.
6,330
813,658
East
West
Bancorp,
Inc.
8,635
871,962
Fifth
Third
Bancorp
32,850
1,351,121
3,036,741
Beverages
—
1
.28
%
Molson
Coors
Brewing
Co.,
Class
B
(a)
28,890
1,389,320
Biotech
&
Pharma
—
3
.37
%
Biogen,
Inc.
(a)
12,830
1,611,319
Exelixis,
Inc.
(a)
23,100
1,018,133
United
Therapeutics
Corp.
(a)
3,555
1,021,529
3,650,981
Capital
Markets
—
1
.18
%
PPG
Industries,
Inc.
11,220
1,276,275
Chemicals
—
2
.30
%
CF
Industries
Holdings,
Inc.
22,380
2,058,960
Eastman
Chemical
Co.
5,970
445,720
2,504,680
Commercial
Support
Services
—
2
.13
%
Cintas
Corp.
8,630
1,923,368
Clean
Harbors,
Inc.
(a)
1,650
381,447
2,304,815
Construction
Materials
—
1
.35
%
Carlisle
Companies,
Inc.
2,030
758,002
Owens
Corning
5,105
702,040
1,460,042
Electric
Utilities
—
0
.61
%
Vistra
Corp.
3,390
657,016
Electrical
Equipment
—
4
.71
%
Acuity
Brands,
Inc.
1,355
404,251
Trane
Technologies
PLC
9,895
4,328,171
FullerThaler
Behavioral
Mid-Cap
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Electrical
Equipment
—
(continued)
Vontier
Corp.
(a)
10,155
$
374,720
5,107,142
Electronic
Equipment,
Instruments
&
Components
—
1
.18
%
Zebra
Technologies
Corp.,
Class
A
(a)
4,160
1,282,778
Engineering
&
Construction
—
5
.52
%
Comfort
Systems
USA,
Inc.
2,495
1,337,844
EMCOR
Group,
Inc.
8,345
4,463,657
TopBuild
Corp.
(a)
610
197,481
5,998,982
Entertainment
Content
—
1
.28
%
Electronic
Arts,
Inc.
8,665
1,383,800
Health
Care
Facilities
&
Services
—
4
.42
%
Cardinal
Health,
Inc.
5,085
854,280
Centene
Corp.
(a)
13,375
725,995
Encompass
Health
Corp.
4,250
521,178
IQVIA
Holdings,
Inc.
(a)
7,870
1,240,233
Labcorp
Holdings,
Inc.
2,825
741,591
Medpace
Holdings,
Inc.
(a)
665
208,717
Quest
Diagnostics,
Inc.
2,805
503,862
4,795,856
Home
Construction
—
2
.13
%
Masco
Corp.
10,460
673,206
PulteGroup,
Inc.
11,535
1,216,481
Toll
Brothers,
Inc.
3,670
418,857
2,308,544
Hotels,
Restaurants
&
Leisure
—
0
.79
%
Darden
Restaurants,
Inc.
3,945
859,892
Industrial
Support
Services
—
1
.92
%
W.W.
Grainger,
Inc.
2,001
2,081,520
Institutional
Financial
Services
—
0
.35
%
Bank
of
New
York
Mellon
Corp.
(The)
4,170
379,929
Insurance
—
4
.21
%
Aflac,
Inc.
3,185
335,890
Assurant,
Inc.
4,260
841,307
Hartford
Financial
Services
Group,
Inc.
(The)
23,700
3,006,819
Reinsurance
Group
of
America,
Inc.
1,875
371,925
4,555,941
Leisure
Facilities
&
Services
—
1
.80
%
Hilton
Worldwide
Holdings,
Inc.
1,965
523,358
Texas
Roadhouse,
Inc.
7,620
1,428,064
1,951,422
Machinery
—
2
.57
%
Curtiss-Wright
Corp.
2,760
1,348,398
FullerThaler
Behavioral
Mid-Cap
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Machinery
—
(continued)
Donaldson
Co.,
Inc.
6,895
$
478,168
Lincoln
Electric
Holdings,
Inc.
4,605
954,709
2,781,275
Medical
Equipment
&
Devices
—
2
.36
%
Agilent
Technologies,
Inc.
8,635
1,019,017
GE
HealthCare
Technologies,
Inc.
3,435
254,430
Mettler-Toledo
International,
Inc.
(a)
610
716,579
ResMed,
Inc.
2,210
570,180
2,560,206
Oil
&
Gas
Producers
—
3
.37
%
Cheniere
Energy,
Inc.
5,755
1,401,457
Coterra
Energy,
Inc.
23,450
595,161
Devon
Energy
Corp.
17,885
568,922
HF
Sinclair
Corp.
9,760
400,941
Murphy
USA,
Inc.
1,680
683,424
3,649,905
Oil
&
Gas
Services
&
Equipment
—
3
.14
%
Baker
Hughes
Co.,
Class
A
29,745
1,140,423
TechnipFMC
PLC
65,870
2,268,563
3,408,986
Publishing
&
Broadcasting
—
0
.33
%
Nexstar
Media
Group,
Inc.
2,065
357,142
Real
Estate
—
0
.37
%
Lineage,
Inc.
(a)
9,100
396,032
Real
Estate
Services
—
1
.92
%
CBRE
Group,
Inc.,
Class
A
(a)
14,855
2,081,482
REIT
—
0
.79
%
Gaming
and
Leisure
Properties,
Inc.
4,525
211,227
Mid-America
Apartment
Communities,
Inc.
1,980
293,060
Weyerhaeuser
Co.
13,645
350,540
854,827
Retail
-
Consumer
Staples
—
7
.22
%
BJ's
Wholesale
Club
Holdings,
Inc.
(a)
32,615
3,516,876
Casey's
General
Stores,
Inc.
2,445
1,247,610
Kroger
Co.
(The)
42,670
3,060,719
7,825,205
Retail
-
Discretionary
—
7
.24
%
Best
Buy
Co.,
Inc.
6,690
449,100
Builders
FirstSource,
Inc.
(a)
13,570
1,583,483
O'Reilly
Automotive,
Inc.
(a)
6,300
567,819
Ross
Stores,
Inc.
16,745
2,136,327
Ulta
Beauty,
Inc.
(a)
6,625
3,099,308
7,836,037
FullerThaler
Behavioral
Mid-Cap
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2025
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Software
—
1
.11
%
Manhattan
Associates,
Inc.
(a)
6,075
$
1,199,630
Specialty
Finance
—
1
.15
%
Synchrony
Financial
18,705
1,248,372
Steel
—
2
.04
%
Commercial
Metals
Co.
18,965
927,578
Nucor
Corp.
3,495
452,742
Reliance
Steel
&
Aluminum
Co.
2,635
827,127
2,207,447
Technology
Hardware
—
9
.37
%
F5,
Inc.
(a)
10,505
3,091,831
Jabil,
Inc.
21,305
4,646,620
NetApp,
Inc.
22,705
2,419,218
10,157,669
Technology
Services
—
4
.07
%
Amdocs
Ltd.
4,495
410,124
Cognizant
Technology
Solutions
Corp.,
Class
A
4,875
380,396
Corpay,
Inc.
(a)
3,305
1,096,665
MSCI,
Inc.
2,848
1,642,556
Parsons
Corp.
(a)
4,760
341,625
Science
Applications
International
Corp.
4,770
537,150
4,408,516
Transportation
&
Logistics
—
0
.63
%
JB
Hunt
Transport
Services,
Inc.
4,765
684,254
Transportation
Equipment
—
1
.83
%
Cummins,
Inc.
6,060
1,984,650
Total
Common
Stocks
(Cost $101,191,852)
104,775,441
Total
Investments
—
97.27%
(Cost
$101,853,507)
105,437,096
Other
Assets
in
Excess
of
liabilities
(b)
—
2
.73
%
2,959,252
NET
ASSETS
—
100.00%
$108,396,348
(a)
Non-income
producing
security.
(b)
Includes
cash
collateral
for
securities
loaned
in
the
amount
of
$XXX. This
cash
is
held
deposit
accounts
as
part
of
the
IntraFi
Network
Deposit
Placement
Agreement.