| Grandeur Peak Emerging Markets Opportunities Fund | Portfolio of Investments |
| January 31, 2026 (Unaudited) |
| Shares | Fair Value | |
| COMMON STOCKS — 96.39% | ||
| Brazil — 4.90% | ||
| Grupo Mateus S.A.(a) | 574,200 | $ 527,270 |
| LWSA S.A. | 289,800 | 270,522 |
| Track & Field Co SA | 296,600 | 877,411 |
| Vivara Participacoes S.A. | 72,000 | 385,331 |
| WEG S.A. | 63,700 | 629,988 |
| 2,690,522 | ||
| China — 13.16% | ||
| ANTA Sports Products Ltd. | 46,600 | 466,766 |
| Beijing Huafeng Test & Control | 22,781 | 987,316 |
| Bosideng International Holdings, Ltd. | 1,444,000 | 881,687 |
| Centre Testing Int | 248,900 | 556,063 |
| DPC Dash Ltd. 144A(a)(b)(c) | 64,200 | 546,083 |
| Hexing Electrical Company Ltd.(a) | 100,000 | 562,764 |
| Shenzhen New Industries Biomed(a) | 126,480 | 980,341 |
| Silergy Corp | 252,288 | 2,239,668 |
| 7,220,688 | ||
| Hong Kong — 2.56% | ||
| Plover Bay Tech(b) | 808,400 | 721,254 |
| Techtronic Industries Co Limited | 50,113 | 683,170 |
| 1,404,424 | ||
| India — 15.43% | ||
| 360 ONE WAM Ltd (a) | 23,095 | 285,714 |
| Anant Raj Ltd. (a) | 124,477 | 684,642 |
| Cartrade Tech Ltd.(a) | 18,003 | 520,190 |
| Gulf Oil Lubricants India Ltd. | 93,648 | 1,113,092 |
| Home First Finance Co India Lt 144A(b)(c) | 47,448 | 609,968 |
| Jubilant Foodworks Ltd. (a) | 66,782 | 362,030 |
| Jupiter Life Line Hospitals Lt | 19,145 | 282,137 |
| LT Foods Ltd. | 125,081 | 508,572 |
| Motherson Sumi Wiring India Ltd. | 2,230,242 | 1,049,830 |
| PB Fintech Ltd(a) | 28,662 | 517,200 |
| Rainbow Children's Medicare Ltd. | 21,048 | 261,262 |
| SJS Enterprises Ltd | 49,726 | 904,781 |
| Supriya Lifescience Ltd | 84,721 | 624,677 |
| Varun Beverages Ltd.(a) | 105,219 | 540,793 |
| Vimta Labs Ltd(a) | 45,387 | 203,475 |
| 8,468,363 | ||
| Indonesia — 3.29% | ||
| Bank Central Asia Tbk P.T. | 909,300 | 400,740 |
| Cisarua Mountain Dairy PT TBK | 3,261,600 | 990,659 |
| Selamat Sempurna Tbk PT | 3,966,100 | 412,176 |
| 1,803,575 | ||
| Malaysia — 1.49% | ||
| Frontken Corporation Bhd. | 837,400 | 815,960 |
| Mexico — 6.87% | ||
| Arca Continental S.A.B. de C.V. | 44,200 | 497,955 |
| BBB Foods, Inc.(a) | 27,297 | 952,392 |
| Corp Inmobiliaria Vesta S.A.B. de C.V. - ADR | 26,048 | 805,925 |
| Corporativo Fragua SAB de CV | 14,387 | 436,402 |
| Regional S.A.B. de C.V. | 120,000 | 1,076,381 |
| 3,769,055 | ||
| Shares | Fair Value | |
| COMMON STOCKS — 96.39% (continued) | ||
| Philippines — 4.92% | ||
| International Container Terminal Services, Inc. | 103,700 | $ 1,129,929 |
| Philippine Seven Corp | 1,392,900 | 815,598 |
| Puregold Price Club, Inc. | 660,300 | 401,201 |
| Robinsons Land Corporation(a) | 1,154,800 | 354,750 |
| 2,701,478 | ||
| Poland — 1.00% | ||
| Shoper Spolka Akcyjna | 37,677 | 551,438 |
| Saudi Arabia — 1.91% | ||
| Rasan Information Technology Company(a) | 28,086 | 1,048,348 |
| Singapore — 1.50% | ||
| iFAST Corp Ltd. | 76,300 | 632,135 |
| Riverstone Holdings Ltd. | 315,500 | 189,717 |
| 821,852 | ||
| South Korea — 13.23% | ||
| D'Alba Global Company Ltd. (a) | 4,245 | 471,527 |
| Eo Technics Company Ltd. | 1,040 | 269,789 |
| FNS Tech Company Ltd. | 154,390 | 1,746,891 |
| Global Tax Free Company Ltd.(a) | 150,538 | 485,546 |
| HD Hyundai Marine Solution Co | 6,608 | 836,127 |
| HPSP Company Ltd. | 29,128 | 934,472 |
| iFamilySC Co Ltd | 80,396 | 834,229 |
| Kinx Inc. | 2,841 | 261,083 |
| LEENO Industrial Inc. | 3,630 | 265,219 |
| Pumtech Korea Company Ltd. | 19,617 | 887,849 |
| S&S Tech Corp | 4,227 | 265,385 |
| 7,258,117 | ||
| Taiwan — 19.15% | ||
| 91APP, Inc. | 303,000 | 634,826 |
| Acer E-Enabling Service Business, Inc. | 62,000 | 403,235 |
| Airtac International Group(a) | 37,000 | 1,334,937 |
| Asia Vital Components Co., Ltd. | 46,000 | 2,125,518 |
| ASPEED Technology, Inc. | 4,000 | 1,124,157 |
| Gem Services Inc | 106,000 | 263,012 |
| Hon Precision, Inc.(a) | 11,000 | 1,305,504 |
| Jentech Precision Industrial Co., Ltd. (a) | 14,000 | 1,258,347 |
| Materials Analysis Technology, Inc.(a) | 50,000 | 319,651 |
| Sporton International, Inc. | 172,918 | 957,706 |
| Voltronic Power Technology | 29,108 | 785,806 |
| 10,512,699 | ||
| United Arab Emirates — 2.67% | ||
| Americana Restaurants Intl(a) | 1,055,674 | 448,428 |
| Spinneys 1961 Holding PLC | 2,393,897 | 1,016,877 |
| 1,465,305 | ||
| Vietnam — 4.31% | ||
| Asia Commercial Bank JSC | 893,659 | 832,033 |
| Hoa Phat Group JSC(a) | 460,180 | 476,447 |
| Vietnam Technological & Comm Joint-stock Bank | 760,638 | 1,054,932 |
| 2,363,412 | ||
| Total Common Stocks (Cost $38,772,194) |
52,895,236 | |
| Grandeur Peak Emerging Markets Opportunities Fund | Portfolio of Investments |
| January 31, 2026 (Unaudited) (Continued) |
| Shares | Fair Value | ||
| COMMON STOCKS — 96.39% (continued) | |||
| Total Common Stocks/ Investments — 96.39% | |||
| (Cost $38,772,194) |
$ 52,895,236 |
||
| Other Assets in Excess of Liabilities — 3.61% |
1,982,244 |
||
| NET ASSETS — 100.00% |
$ 54,877,480 |
||
| (a) | Non-income producing security. | ||
| (b) | Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of January 31, 2026, these securities had a total aggregate market value of $1,877,305 representing 3.42% of net assets. | ||
| (c) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. As of January 31, 2026, these securities had a total aggregate market value of $1,156,051 representing 2.11% of net assets. | ||