| WESTWOOD REAL ESTATE INCOME FUND | ||||
| SCHEDULE OF INVESTMENTS | ||||
| January 31, 2026 (Unaudited) | ||||
| COMMON STOCKS - 24.3% | Shares | Value | ||
| Communications - 0.8% | ||||
| Telecommunications - 0.8% | ||||
| Array Digital Infrastructure, Inc. | 40,000 | $ 1,927,600 | ||
|
| ||||
| Financials - 2.9% | ||||
| Specialty Finance - 2.9% | ||||
| Blackstone Mortgage Trust, Inc. - Class A | 375,000 | 7,218,750 | ||
|
| ||||
| Real Estate Investment Trusts (REITs) - 20.6% | ||||
| Healthcare - 1.9% | ||||
| Welltower, Inc. | 25,000 | 4,709,000 | ||
|
| ||||
| Industrial - 3.1% | ||||
| Lineage, Inc. | 100,000 | 3,571,000 | ||
| Rexford Industrial Realty, Inc. | 100,000 | 4,053,000 | ||
| 7,624,000 | ||||
| Infrastructure - 1.7% | ||||
| Crown Castle, Inc. | 50,000 | 4,340,500 | ||
|
| ||||
| Multi-Asset Class - 2.0% | ||||
| W.P. Carey, Inc. | 70,000 | 4,882,500 | ||
|
| ||||
| Office - 6.3% | ||||
| COPT Defense Properties | 300,000 | 9,243,000 | ||
| Hudson Pacific Properties, Inc. (a) | 750,000 | 6,465,000 | ||
| 15,708,000 | ||||
| Residential - 5.6% | ||||
| Centerspace | 100,000 | 6,427,000 | ||
| Essex Property Trust, Inc. | 30,000 | 7,556,100 | ||
| 13,983,100 | ||||
| Total Common Stocks (Cost $60,524,935) | $ 60,393,450 | |||
|
| ||||
| WESTWOOD REAL ESTATE INCOME FUND | ||||
| SCHEDULE OF INVESTMENTS (Continued) | ||||
| PREFERRED STOCKS* - 72.2% | Shares | Value | ||
| Consumer Discretionary - 4.3% | ||||
| Home Construction - 4.3% | ||||
| Hovnanian Enterprises, Inc., 7.63% - Series A | 515,000 | $ 10,686,250 | ||
|
| ||||
| Financials - 3.7% | ||||
| Banking - 3.7% | ||||
| Associated Banc-Corp, 5.63% - Series F | 34,397 | 712,706 | ||
| Associated Banc-Corp, 5.88% - Series E | 25,057 | 537,473 | ||
| Banc of California, Inc., 7.75% - Series F | 87,360 | 2,201,472 | ||
| First Citizens BancShares, Inc., 6.63% - Series E (a) | 40,000 | 995,200 | ||
| Merchants Bancorp, 7.63% - Series E | 196,055 | 4,820,992 | ||
| 9,267,843 | ||||
| Real Estate Investment Trusts (REITs) - 64.2% | ||||
| Apartments - 1.8% | ||||
| Vinebrook Homes Trust, 9.50% - Series B (b) | 180,000 | 4,500,000 | ||
|
| ||||
| Diversified - 6.5% | ||||
| Armada Hoffler Properties, Inc., 6.75% - Series A | 320,000 | 6,931,200 | ||
| CTO Realty Growth, Inc., 6.38% - Series A | 447,333 | 9,080,904 | ||
| 16,012,104 | ||||
| Healthcare - 4.7% | ||||
| Global Medical REIT, Inc., 7.50% - Series A | 311,134 | 7,641,451 | ||
| Global Medical REIT, Inc., 8.00% - Series A | 160,000 | 4,024,000 | ||
| 11,665,451 | ||||
| Hotels - 18.3% | ||||
| Chatham Lodging Trust, 6.63% - Series A | 170,109 | 3,487,235 | ||
| Pebblebrook Hotel Trust, 5.70% - Series H | 489,548 | 8,762,909 | ||
| Pebblebrook Hotel Trust, 6.30% - Series F | 242,066 | 4,962,353 | ||
| Pebblebrook Hotel Trust, 6.38% - Series E | 98,002 | 1,962,000 | ||
| Pebblebrook Hotel Trust, 6.38% - Series G | 250,000 | 5,000,000 | ||
| RLJ Lodging Trust, 7.80% - Series A | 375,000 | 9,555,000 | ||
| Summit Hotel Properties, Inc., 5.88% - Series F | 158,938 | 2,906,976 | ||
| Summit Hotel Properties, Inc., 6.25% - Series E | 283,000 | 5,416,620 | ||
| Sunstone Hotel Investors, Inc., 6.13% - Series H | 166,508 | 3,413,414 | ||
| 45,466,507 | ||||
| WESTWOOD REAL ESTATE INCOME FUND | ||||
| SCHEDULE OF INVESTMENTS (Continued) | ||||
| PREFERRED STOCKS* - 72.2% (Continued) | Shares | Value | ||
| Real Estate Investment Trusts (REITs) - 64.2% (Continued) | ||||
| Industrial - 3.6% | ||||
| LXP Industrial Trust, 6.50% - Series C | 190,000 | $ 8,914,800 | ||
|
| ||||
| Manufactured Homes - 0.8% | ||||
| UMH Properties, Inc., 6.38% - Series D | 87,634 | 1,969,136 | ||
|
| ||||
| Mortgage - 3.9% | ||||
| KKR Real Estate Finance Trust, Inc., 6.50% - Series A | 523,747 | 9,767,881 | ||
|
| ||||
| Office - 5.1% | ||||
| Alpine Income Property Trust, Inc., 8.00% - Series A | 200,000 | 4,999,980 | ||
| Hudson Pacific Properties, Inc., 4.75% - Series C | 484,009 | 7,574,741 | ||
| 12,574,721 | ||||
| Residential - 2.8% | ||||
| American Homes 4 Rent, 5.88% - Series G | 307,132 | 7,028,716 | ||
|
| ||||
| Retail - 2.2% | ||||
| Regency Centers Corporation, 5.88% - Series B | 71,561 | 1,610,838 | ||
| Regency Centers Corporation, 6.25% - Series A | 160,635 | 3,752,434 | ||
| 5,363,272 | ||||
| Shopping Centers - 4.3% | ||||
| Saul Centers, Inc., 6.00% - Series E | 125,000 | 2,795,000 | ||
| Saul Centers, Inc., 6.13% - Series D | 381,000 | 7,952,156 | ||
| 10,747,156 | ||||
| Specialized - 6.7% | ||||
| EPR Properties, 5.75% - Series C | 31,000 | 752,060 | ||
| EPR Properties, 5.75% - Series G | 107,775 | 2,223,398 | ||
| EPR Properties, 9.00% - Series E | 283,506 | 9,029,666 | ||
| IQHQ, Inc. (a)(b) | 5,000 | 4,750,000 | ||
| 16,755,124 | ||||
| WESTWOOD REAL ESTATE INCOME FUND | ||||
| SCHEDULE OF INVESTMENTS (Continued) | ||||
| PREFERRED STOCKS* - 72.2% (Continued) | Shares | Value | ||
| Real Estate Investment Trusts (REITs) - 64.2% (Continued) | ||||
| Storage - 3.5% | ||||
| National Storage Affiliates Trust, 6.00% - Series A | 370,000 | $ 7,773,700 | ||
| Public Storage, 4.00% - Series R | 50,000 | 811,500 | ||
| 8,585,200 | ||||
| Total Preferred Stocks (Cost $177,061,040) | $ 179,304,161 | |||
| MONEY MARKET FUNDS - 3.6% | Shares | Value | ||
| First American Government Obligations Fund - Class U, 3.63% (c) (Cost $9,017,092) |
9,017,092 | $ 9,017,092 | ||
| Investments at Value - 100.1% (Cost $246,603,067) | $ 248,714,703 | |||
| Liabilities in Excess of Other Assets - (0.1%) | (350,177 ) | |||
| Net Assets - 100.0% | $ 248,364,526 | |||
REIT - Real Estate Investment Trust
| * | Securities listed have a perpetual maturity. |
| (a) | Non-income producing security. |
| (b) | Level 3 security in accordance with fair value hierarchy. |
| (c) | The rate shown is the 7-day effective yield as of January 31, 2026. |