Becker Value Equity Fund
  
Schedule of Investments
  
January 31, 2026 (Unaudited)
  
   
COMMON STOCKS - 97.6%
  
Shares
    
Value
 
Communication Services - 9.9%
        
Alphabet, Inc. - Class A
    
12,001
    
$
4,056,338
  
Meta Platforms, Inc. - Class A
    
2,480
      
1,776,920
  
Verizon Communications, Inc.
    
47,475
      
2,113,587
  
Walt Disney Co.
    
18,415
      
2,077,212
  
             
10,024,057
  
                 
Consumer Discretionary - 5.8%
          
Amazon.com, Inc. (a)
    
11,926
      
2,853,892
  
AutoZone, Inc. (a)
    
550
      
2,037,360
  
NIKE, Inc. - Class B
    
15,540
      
960,527
  
             
5,851,779
  
                 
Consumer Staples - 5.4%
          
Grocery Outlet Holding Corp. (a)
    
86,355
      
822,963
  
Procter & Gamble Co.
    
8,510
      
1,291,563
  
Sysco Corp.
    
25,255
      
2,117,632
  
Walmart, Inc.
    
10,174
      
1,212,130
  
             
5,444,288
  
                 
Energy - 7.0%
          
Baker Hughes Co.
    
26,610
      
1,491,225
  
Chevron Corp.
    
12,937
      
2,288,555
  
Kinder Morgan, Inc.
    
70,144
      
2,138,691
  
Shell PLC - ADR
    
15,346
      
1,182,102
  
             
7,100,573
  
                 
Financials - 22.3%
          
Berkshire Hathaway, Inc. - Class B (a)
    
7,765
      
3,731,315
  
Blackrock, Inc.
    
3,135
      
3,507,877
  
Charles Schwab Corp.
    
35,730
      
3,713,062
  
Chubb Ltd.
    
9,310
      
2,882,004
  
Goldman Sachs Group, Inc.
    
2,922
      
2,733,268
  
JPMorgan Chase & Co.
    
12,616
      
3,859,108
  
PayPal Holdings, Inc.
    
30,775
      
1,621,535
  
US Bancorp
    
10,529
      
590,782
  
             
22,638,951
  
                 
Health Care - 11.5%
          
Bruker Corp.
    
20,410
      
903,959
  
Eli Lilly & Co.
    
865
      
897,135
  
Johnson & Johnson
    
12,875
      
2,925,844
  
Koninklijke Philips NV
    
36,389
      
1,044,364
  
McKesson Corp.
    
2,235
      
1,857,754
  
Pfizer, Inc.
    
60,310
      
1,594,597
  
Quest Diagnostics, Inc.
    
6,078
      
1,136,768
  
Sanofi SA - ADR
    
27,130
      
1,276,195
  
             
11,636,616
  
                 
Industrials - 12.5%
          
Carrier Global Corp.
    
34,530
      
2,057,297
  
Eaton Corp. PLC
    
5,890
      
2,069,864
  
Embraer SA - ADR
    
16,460
      
1,209,152
  
Emerson Electric Co.
    
12,234
      
1,797,909
  
General Dynamics Corp.
    
5,710
      
2,004,724
  
RTX Corp.
    
10,211
      
2,051,696
  
Union Pacific Corp.
    
6,440
      
1,514,044
  
             
12,704,686
  
                 
Information Technology - 12.6%
          
Accenture PLC - Class A
    
7,456
      
1,965,700
  
Apple, Inc.
    
6,600
      
1,712,568
  
Cisco Systems, Inc.
    
31,960
      
2,503,107
  
Intel Corp. (a)
    
44,640
      
2,074,421
  
Microsoft Corp.
    
4,480
      
1,927,699
  
QUALCOMM, Inc.
    
11,035
      
1,672,796
  
ServiceNow, Inc. (a)
    
7,350
      
860,023
  
             
12,716,314
  
                 
Materials - 4.6%
          
Air Products and Chemicals, Inc.
    
7,380
      
2,011,050
  
Newmont Corp.
    
23,835
      
2,677,862
  
             
4,688,912
  
                 
Utilities - 6.0%
          
FirstEnergy Corp.
    
66,876
      
3,165,910
  
Southern Co.
    
32,295
      
2,884,266
  
             
6,050,176
  
TOTAL COMMON STOCKS (Cost $59,102,605)
      
98,856,352
  
                 
SHORT-TERM INVESTMENTS
  
MONEY MARKET FUNDS - 2.4%
  
Shares
    
Value
 
First American Treasury Obligations Fund - Class X, 3.59% (b)
    
2,474,345
      
2,474,345
  
TOTAL MONEY MARKET FUNDS (Cost $2,474,345)
      
2,474,345
  
                 
TOTAL INVESTMENTS - 100.0% (Cost $61,576,950)
      
101,330,697
  
Liabilities in Excess of Other Assets - (0.0)% (c)
      
(48,691
)
TOTAL NET ASSETS - 100.0%
          
$
101,282,006
  
                 
Percentages are stated as a percent of net assets.
          
   
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
  

ADR - American Depositary Receipt
PLC - Public Limited Company

(a)
Non-income producing security.
(b)
The rate shown represents the 7-day annualized yield as of January 31, 2026.
(c)
Represents less than 0.05% of net assets.
ary of Fair Value Disclosure as of January 31, 2026 (Unaudited)
 
Becker Value Equity Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
 
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
 
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
 
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.
 
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of January 31, 2026:
 

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Common Stocks
  
$
98,856,352
    
$
–
    
$
–
    
$
98,856,352
  
  Money Market Funds
    
2,474,345
      
–
      
–
      
2,474,345
  
Total Investments
  
$
101,330,697
    
$
–
    
$
–
    
$
101,330,697
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.