| Grandeur Peak Global Opportunities Fund | Portfolio of Investments |
| January 31, 2026 (Unaudited) |
| Shares | Fair Value | ||
| COMMON STOCKS — 99.56% | |||
| Australia — 4.24% | |||
| IPD Group Ltd/Australia | 656,536 | $ 2,016,383 | |
| MA Financial Group Ltd | 662,026 | 4,781,120 | |
| Pinnacle Investment Management Group | 470,328 | 5,561,787 | |
| Qualitas Ltd(b) | 1,791,985 | 3,993,559 | |
| 16,352,849 | |||
| Belgium — 3.34% | |||
| Melexis NV | 123,059 | 9,303,856 | |
| X-Fab Silicon Foundries S.E. 144A(a)(b)(c) | 591,249 | 3,593,633 | |
| 12,897,489 | |||
| Brazil — 0.39% | |||
| Grupo Mateus S.A. | 1,624,200 | 1,491,452 | |
| Canada — 2.15% | |||
| Aritzia Inc(a) | 61,361 | 4,836,759 | |
| Richelieu Hardware, Ltd. | 115,588 | 3,456,698 | |
| 8,293,457 | |||
| China — 3.15% | |||
| Shenzhen New Industries Biomed(a) | 337,980 | 2,619,668 | |
| Silergy Corp | 1,072,008 | 9,516,671 | |
| 12,136,339 | |||
| France — 3.65% | |||
| Thermador Groupe | 22,912 | 2,138,490 | |
| Virbac S.A. | 22,914 | 9,552,029 | |
| Wavestone | 33,506 | 2,396,124 | |
| 14,086,643 | |||
| Germany — 2.38% | |||
| Dermapharm Holding SE | 86,266 | 3,565,429 | |
| Elmos Semiconductor AG | 41,045 | 5,617,402 | |
| 9,182,831 | |||
| India — 3.29% | |||
| Anant Raj Ltd.(a) | 339,000 | 1,864,551 | |
| Cartrade Tech Ltd.(a) | 74,500 | 2,152,648 | |
| Gulf Oil Lubricants India Ltd. | 206,082 | 2,449,472 | |
| SJS Enterprises Ltd | 242,718 | 4,416,332 | |
| Supriya Lifescience Ltd(a) | 246,500 | 1,817,529 | |
| 12,700,532 | |||
| Italy — 6.96% | |||
| Diasorin SPA | 75,641 | 6,475,056 | |
| Interpump Group SpA | 208,609 | 12,092,988 | |
| Recordati SpA | 150,871 | 8,291,464 | |
| 26,859,508 | |||
| Japan — 13.37% | |||
| AZOOM Co Ltd(a) | 138,000 | 4,030,447 | |
| eWeLL Co Ltd | 119,130 | 1,925,176 | |
| Hennge KK | 483,102 | 3,627,276 | |
| Insource Co Ltd | 498,926 | 2,334,051 | |
| Integral Corp | 231,336 | 5,299,015 | |
| Japan Elevator Service Holdings Company Ltd. | 477,180 | 5,011,929 | |
| Kandenko Company Ltd.(a) | 78,500 | 2,821,723 | |
| Kinden Corp(a) | 43,300 | 1,913,166 | |
| Kitz Corp | 236,384 | 3,071,608 | |
| Mani, Inc.(a) | 287,000 | 2,822,489 | |
| Maruwa Company Ltd.(a) | 9,100 | 2,801,230 | |
| Monotaro Company, Ltd. | 201,200 | 2,719,077 | |
| Rakus Co Ltd(a) | 320,000 | 1,820,809 | |
| Shares | Fair Value | |
| COMMON STOCKS — 99.56% (continued) | ||
| Japan — 13.37% (continued) | ||
| Timee Inc(a) | 132,600 | $ 1,160,106 |
| ULS Group Inc | 705,850 | 2,599,698 |
| Visional Inc(a) | 138,823 | 7,641,625 |
| 51,599,425 | ||
| Luxembourg — 1.93% | ||
| Eurofins Scientific S.E. | 92,096 | 7,442,388 |
| Mexico — 1.48% | ||
| Corp Inmobiliaria Vesta S.A.B. de C.V. - ADR | 62,296 | 1,927,438 |
| Regional SAB de CV | 420,402 | 3,770,938 |
| 5,698,376 | ||
| Netherlands — 0.99% | ||
| IMCD N.V.(a) | 9,100 | 850,211 |
| Redcare Pharmacy N.V. 144A(a)(b)(c) | 40,070 | 2,972,460 |
| 3,822,671 | ||
| Singapore — 0.46% | ||
| Riverstone Holdings Ltd. | 2,921,242 | 1,756,603 |
| South Korea — 2.28% | ||
| D'Alba Global Company Ltd.(a) | 17,872 | 1,985,189 |
| HD Hyundai Marine Solution Co(a) | 23,000 | 2,910,247 |
| HPSP Company Ltd.(a) | 61,500 | 1,973,017 |
| Sanil Electric Company Ltd.(a) | 19,000 | 1,933,519 |
| 8,801,972 | ||
| Sweden — 5.59% | ||
| AddTech AB | 82,607 | 2,696,672 |
| Asker Healthcare Group AB(a) | 249,635 | 2,103,724 |
| BoneSupport Holding AB 144A(a)(b)(c) | 95,200 | 1,977,086 |
| Lagercrantz Group AB(a) | 130,816 | 2,872,411 |
| Roko AB(a) | 10,800 | 1,933,269 |
| Swedencare AB | 573,191 | 1,560,371 |
| Vimian Group AB(a) | 2,146,275 | 6,432,999 |
| Vitec Software Group | 71,500 | 2,006,610 |
| 21,583,142 | ||
| Taiwan — 1.62% | ||
| Airtac International Group(a) | 65,000 | 2,345,159 |
| Jentech Precision Industrial Co., Ltd.(a) | 27,000 | 2,426,813 |
| Voltronic Power Technology Corporation | 55,000 | 1,484,793 |
| 6,256,765 | ||
| United Arab Emirates — 0.52% | ||
| Spinneys 1961 Holding PLC(a) | 4,754,221 | 2,019,492 |
| United Kingdom — 16.75% | ||
| Advanced Medical Solutions Group | 1,306,421 | 3,852,352 |
| Cohort plc(a) | 100,696 | 1,587,304 |
| CVS Group plc | 511,789 | 9,145,967 |
| Diploma plc | 161,038 | 11,722,912 |
| Elixirr International PLC | 247,502 | 2,675,478 |
| Games Workshop Group plc | 10,548 | 2,460,878 |
| Hill & Smith Holdings plc | 102,075 | 3,114,725 |
| Marex Group PLC | 129,886 | 5,127,899 |
| Pollen Street Group Ltd | 159,048 | 1,997,866 |
| Renew Holdings PLC | 285,608 | 3,665,800 |
| Grandeur Peak Global Opportunities Fund | Portfolio of Investments |
| January 31, 2026 (Unaudited) (Continued) |
| Shares | Fair Value | |
| COMMON STOCKS — 99.56% (continued) | ||
| United Kingdom — 16.75% (continued) | ||
| Shawbrook Group plc(a) | 311,380 | $ 1,994,032 |
| Softcat PLC | 197,867 | 3,871,729 |
| Tatton Asset Management plc | 414,803 | 3,859,636 |
| Volution Group PLC | 1,086,709 | 9,546,492 |
| 64,623,070 | ||
| United States — 24.24% | ||
| 4Imprint Group | 44,202 | 2,467,730 |
| Accelerant Holdings(a) | 120,997 | 1,652,819 |
| Alamo Group, Inc. | 10,475 | 2,045,872 |
| AtriCure, Inc.(a) | 163,075 | 6,022,360 |
| Bel Fuse, Inc., Class B | 18,979 | 3,818,385 |
| Bio-Techne Corporation | 48,437 | 3,104,327 |
| Elastic N.V.(a) | 40,552 | 2,673,594 |
| Five Below, Inc.(a) | 19,430 | 3,723,565 |
| Freshpet, Inc.(a) | 27,613 | 1,924,626 |
| HealthEquity, Inc.(a) | 31,106 | 2,664,851 |
| Houlihan Lokey, Inc. | 20,325 | 3,421,104 |
| JFrog Ltd.(a) | 80,318 | 4,401,426 |
| LeMaitre Vascular, Inc. | 40,050 | 3,403,049 |
| Littelfuse, Inc. | 35,740 | 11,571,183 |
| Mama's Creations Incorporated(a) | 256,265 | 3,869,602 |
| P10 Inc | 183,154 | 1,974,400 |
| Pattern Group, Inc.(a) | 178,803 | 2,471,057 |
| Pennant Group, Inc. (The) (a) | 101,526 | 2,804,148 |
| Perella Weinberg Partners | 184,915 | 4,125,454 |
| Power Integrations, Inc. | 154,503 | 7,097,868 |
| Primoris Services Corporation | 38,429 | 5,697,099 |
| Red Violet, Inc.(a) | 54,889 | 2,496,352 |
| RxSight, Inc.(a) | 153,731 | 1,335,922 |
| Silicon Laboratories, Inc.(a) | 41,100 | 5,854,695 |
| Upwork, Inc.(a) | 145,139 | 2,907,134 |
| 93,528,622 | ||
| Vietnam — 0.78% | ||
| Asia Commercial Bank JSC | 3,253,239 | 3,028,899 |
| Total Common Stocks (Cost $299,888,564) |
384,162,525 | |
| Total Common Stocks/ Investments — 99.56% | ||
| (Cost $299,888,564) |
384,162,525 | |
| Other Assets in Excess of Liabilities — 0.44% |
1,716,371 | |
| NET ASSETS — 100.00% |
$ 385,878,896 | |
| (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 $12,536,738, representing 3.25% 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 $8,543,179, representing 2.21% of net assets. |