Shareholder Report
Apr. 30, 2026
USD ($)
Holding
Fund Expenses
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment1 |
| Vaughan Nelson Emerging Markets Fund (Investor Class/ADVKX) |
$67 | 1.26%1 |
|
1
|
Annualized.
|
Key Fund Statistics
The following table outlines key fund statistics that you should pay attention to.
| Fund net assets | $63,633,895 |
| Total number of portfolio holdings | 21 |
| Portfolio turnover rate as of the end of the reporting period | 101% |
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund, representing percentage of the total net assets of the Fund. The Top Ten Holdings and Country Allocation exclude short-term holdings, if any. The Country Allocation chart represents Common Stocks of the Fund.
Top Ten Holdings
| Taiwan Semiconductor Manufacturing Co., Ltd. | 14.2% |
| Alibaba Group Holding Ltd. | 10.3% |
| MercadoLibre, Inc. | 4.5% |
| Komatsu Ltd. | 4.4% |
| Grupo Mexico S.A.B. de C.V. | 4.4% |
| Saudi National Bank | 4.4% |
| Contemporary Amperex Technology Co., Ltd. - Class A | 4.3% |
| JSW Infrastructure Ltd. | 4.2% |
| Cemex S.A.B. de C.V. | 4.2% |
| Emaar Properties PJSC | 4.1% |
Asset Allocation
Country Allocation
Top Ten Holdings
| Taiwan Semiconductor Manufacturing Co., Ltd. | 14.2% |
| Alibaba Group Holding Ltd. | 10.3% |
| MercadoLibre, Inc. | 4.5% |
| Komatsu Ltd. | 4.4% |
| Grupo Mexico S.A.B. de C.V. | 4.4% |
| Saudi National Bank | 4.4% |
| Contemporary Amperex Technology Co., Ltd. - Class A | 4.3% |
| JSW Infrastructure Ltd. | 4.2% |
| Cemex S.A.B. de C.V. | 4.2% |
| Emaar Properties PJSC | 4.1% |
Changes in and Disagreements with Accountants
There were no changes in or disagreements with the Fund's accountants during the reporting period.
Fund Expenses
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment1 |
| Vaughan Nelson Emerging Markets Fund (Institutional Class/ADVMX) |
$55 | 1.03%1 |
|
1
|
Annualized.
|
Key Fund Statistics
The following table outlines key fund statistics that you should pay attention to.
| Fund net assets | $63,633,895 |
| Total number of portfolio holdings | 21 |
| Portfolio turnover rate as of the end of the reporting period | 101% |
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund, representing percentage of the total net assets of the Fund. The Top Ten Holdings and Country Allocation exclude short-term holdings, if any. The Country Allocation chart represents Common Stocks of the Fund.
Top Ten Holdings
| Taiwan Semiconductor Manufacturing Co., Ltd. | 14.2% |
| Alibaba Group Holding Ltd. | 10.3% |
| MercadoLibre, Inc. | 4.5% |
| Komatsu Ltd. | 4.4% |
| Grupo Mexico S.A.B. de C.V. | 4.4% |
| Saudi National Bank | 4.4% |
| Contemporary Amperex Technology Co., Ltd. - Class A | 4.3% |
| JSW Infrastructure Ltd. | 4.2% |
| Cemex S.A.B. de C.V. | 4.2% |
| Emaar Properties PJSC | 4.1% |
Asset Allocation
Country Allocation
Top Ten Holdings
| Taiwan Semiconductor Manufacturing Co., Ltd. | 14.2% |
| Alibaba Group Holding Ltd. | 10.3% |
| MercadoLibre, Inc. | 4.5% |
| Komatsu Ltd. | 4.4% |
| Grupo Mexico S.A.B. de C.V. | 4.4% |
| Saudi National Bank | 4.4% |
| Contemporary Amperex Technology Co., Ltd. - Class A | 4.3% |
| JSW Infrastructure Ltd. | 4.2% |
| Cemex S.A.B. de C.V. | 4.2% |
| Emaar Properties PJSC | 4.1% |
Changes in and Disagreements with Accountants
There were no changes in or disagreements with the Fund's accountants during the reporting period.
Fund Expenses
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment1 |
| Vaughan Nelson International Fund (Institutional Class/ADVLX) |
$48 | 0.90%1 |
|
1
|
Annualized.
|
Key Fund Statistics
The following table outlines key fund statistics that you should pay attention to.
| Fund net assets | $53,471,833 |
| Total number of portfolio holdings | 24 |
| Portfolio turnover rate as of the end of the reporting period | 113% |
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund, representing percentage of the total net assets of the Fund. The Top Ten Holdings and Country Allocation exclude short-term holdings, if any. The Country Allocation chart represents Common Stocks of the Fund.
Top Ten Holdings
| Siemens A.G. | 6.3% |
| Shopify, Inc. | 5.9% |
| Komatsu Ltd. | 5.8% |
| Grupo Mexico S.A.B. de C.V. | 5.4% |
| WiseTech Global Ltd. | 4.8% |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 4.6% |
| Alibaba Group Holding Ltd. | 4.5% |
| MercadoLibre, Inc. | 4.4% |
| Contemporary Amperex Technology Co., Ltd. - Class A | 4.3% |
| L'Oreal S.A. | 4.2% |
Asset Allocation
Country Allocation
Top Ten Holdings
| Siemens A.G. | 6.3% |
| Shopify, Inc. | 5.9% |
| Komatsu Ltd. | 5.8% |
| Grupo Mexico S.A.B. de C.V. | 5.4% |
| WiseTech Global Ltd. | 4.8% |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 4.6% |
| Alibaba Group Holding Ltd. | 4.5% |
| MercadoLibre, Inc. | 4.4% |
| Contemporary Amperex Technology Co., Ltd. - Class A | 4.3% |
| L'Oreal S.A. | 4.2% |
Changes in and Disagreements with Accountants
There were no changes in or disagreements with the Fund's accountants during the reporting period.
Fund Expenses
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment1 |
| Vaughan Nelson International Fund (Investor Class/ADVJX) |
$62 | 1.15%1 |
|
1
|
Annualized.
|
Key Fund Statistics
The following table outlines key fund statistics that you should pay attention to.
| Fund net assets | $53,471,833 |
| Total number of portfolio holdings | 24 |
| Portfolio turnover rate as of the end of the reporting period | 113% |
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund, representing percentage of the total net assets of the Fund. The Top Ten Holdings and Country Allocation exclude short-term holdings, if any. The Country Allocation chart represents Common Stocks of the Fund.
Top Ten Holdings
| Siemens A.G. | 6.3% |
| Shopify, Inc. | 5.9% |
| Komatsu Ltd. | 5.8% |
| Grupo Mexico S.A.B. de C.V. | 5.4% |
| WiseTech Global Ltd. | 4.8% |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 4.6% |
| Alibaba Group Holding Ltd. | 4.5% |
| MercadoLibre, Inc. | 4.4% |
| Contemporary Amperex Technology Co., Ltd. - Class A | 4.3% |
| L'Oreal S.A. | 4.2% |
Asset Allocation
Country Allocation
Top Ten Holdings
| Siemens A.G. | 6.3% |
| Shopify, Inc. | 5.9% |
| Komatsu Ltd. | 5.8% |
| Grupo Mexico S.A.B. de C.V. | 5.4% |
| WiseTech Global Ltd. | 4.8% |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 4.6% |
| Alibaba Group Holding Ltd. | 4.5% |
| MercadoLibre, Inc. | 4.4% |
| Contemporary Amperex Technology Co., Ltd. - Class A | 4.3% |
| L'Oreal S.A. | 4.2% |
Changes in and Disagreements with Accountants
There were no changes in or disagreements with the Fund's accountants during the reporting period.
| [1] | Annualized. |
| [2] | Annualized. |
| [3] | Annualized. |
| [4] | Annualized. |