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Fees and Expenses of the Fund <p id="xdx_A84_eoef--ExpenseNarrativeTextBlock_zF5YTsHI3YHd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. <b>You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and examples below.</b></p> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) <div id="xdx_A8D_eoef--AnnualFundOperatingExpensesTableTextBlock_zWdtEcUyJuI7"></div> <table cellpadding="0" cellspacing="0" id="xdx_A50_dU_zfEHaCg354h1" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Fund Operating Expenses"> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td id="xdx_494_20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member__oef--ClassAxis__custom--C000044155Member_z1GxYUb7CZzl" style="vertical-align: bottom; text-align: center"> </td></tr> <tr id="xdx_406_eoef--ManagementFeesOverAssets_dpn_zc4FGYlgeCna"> <td style="vertical-align: top; width: 84%; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt">Management Fee</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; width: 13%; text-align: center"><span style="font-size: 10pt">0.90%</span></td></tr> <tr id="xdx_407_eoef--OtherExpensesOverAssets_dpn_zN5mjV2CsGqh"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt">Other Expenses</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"><span style="font-size: 10pt">0.26%</span></td></tr> <tr id="xdx_40D_eoef--ExpensesOverAssets_dpn_zk5AXB0qWVCj"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt"><b>Total Annual Fund Operating Expenses</b></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-size: 10pt"><b>1.16%</b></span></td></tr> </table> 0.0090 0.0026 0.0116 Expense Example: <p id="xdx_A8A_eoef--ExpenseExampleNarrativeTextBlock_zrJ9KfCzlTrf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <span id="xdx_907_eoef--ExpenseExampleByYearCaption_c20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member_zEXbXisYykD">The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <div id="xdx_A8C_eoef--ExpenseExampleWithRedemptionTableTextBlock_z0U3szP5qa88"></div> <table cellpadding="0" cellspacing="0" id="xdx_A55_dU_z47R6KXrIyUe" style="width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Expense Example"> <tr style="vertical-align: bottom"> <td id="xdx_48A_eoef--ExpenseExampleYear01_zfW99cvIrPaa" style="white-space: nowrap; width: 16%"> <p style="border-bottom: black 0.75pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0">1 Year</p></td> <td style="width: 14%"> </td> <td id="xdx_489_eoef--ExpenseExampleYear03_z2xEWy41Dat2" style="white-space: nowrap; width: 14%"> <p style="border-bottom: black 0.75pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0">3 Years</p></td> <td style="width: 14%"> </td> <td id="xdx_484_eoef--ExpenseExampleYear05_z5TPZ3KX5Eac" style="white-space: nowrap; width: 14%"> <p style="border-bottom: black 0.75pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0">5 Years</p></td> <td style="width: 14%"> </td> <td id="xdx_48F_eoef--ExpenseExampleYear10_zoy9qAYDiNye" style="white-space: nowrap; width: 14%"> <p style="border-bottom: black 0.75pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0">10 Years</p></td></tr> <tr id="xdx_41C_20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member__oef--ClassAxis__custom--C000044155Member_zzIxodCbi8aa" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 12pt Times New Roman, Times, Serif; text-align: center"><span style="font-size: 10pt">$118</span></td> <td> </td> <td style="font: 12pt Times New Roman, Times, Serif; text-align: center"><span style="font-size: 10pt">$368</span></td> <td> </td> <td style="font: 12pt Times New Roman, Times, Serif; text-align: center"><span style="font-size: 10pt">$638</span></td> <td> </td> <td style="font: 12pt Times New Roman, Times, Serif; text-align: center"><span style="font-size: 10pt">$1,409</span></td></tr> </table> 118 368 638 1409 Portfolio Turnover <p id="xdx_A8C_eoef--PortfolioTurnoverTextBlock_z8FjBLyxwq9h" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the Example above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was <span id="xdx_903_eoef--PortfolioTurnoverRate_dp_c20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member_zwxtM9cMzBMk">160%</span> of the average value of its portfolio.</p> 1.60 Principal Investment Strategies <p id="xdx_A81_eoef--StrategyNarrativeTextBlock_zzhJf6f4QXP7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund primarily invests in equity securities of small cap companies. The Fund considers “small cap” companies to be those with market capitalizations similar to companies listed on the Russell 2000^® Value Index at the time of investment. <span id="a_Hlk41975121"></span>As of March 31, 2026, the market capitalization of companies listed on the <span id="a_Hlk41974639"></span>Russell 2000^® Value Index ranged from $18.8 million to $33.8 billion and the median was $827.3 million.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Using fundamental, bottom-up research, the Fund’s portfolio manager utilizes a multi-factored valuation method to identify stocks of companies that he believes are undervalued at the time of purchase. The Fund’s portfolio manager looks for companies with earnings, cash flows and/or assets that he believes are not accurately reflected in the companies’ market values. The portfolio manager may also consider whether the companies’ securities have a favorable dividend and/or interest-paying history and whether such payments are expected to continue. The portfolio manager attempts to purchase the stocks of these undervalued companies and hold each stock until it has returned to favor in the market and the price has increased to, or is higher than, a level the portfolio manager believes more</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">accurately reflects the fair value of the company. The Fund seeks to preserve capital in down markets and to diversify its portfolio in traditional, as well as relative, value-oriented investments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes, if any) in equity securities of U.S. small cap companies. This policy may be changed only upon at least 60 days’ advance notice to shareholders. Equity securities in which the Fund may invest include common stocks, securities convertible into common stocks (such as convertible bonds, convertible preferred stocks and warrants), equity real estate investment trusts (“REITs”), and master limited partnerships (“MLPs”). The Fund may also invest in high grade government bonds. The Fund may from time to time overweight its investments in certain market sectors.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of its investment strategy, the Fund typically engages in active trading of small cap securities which causes the Fund to experience a relatively high portfolio turnover rate, the effects of which are described below under “Turnover Risk.”</p> <p id="xdx_A89_eoef--RiskTextBlock_zDqFtrua3kW9" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">All investments involve risks, and the Fund cannot guarantee that it will achieve its investment objective. <span id="xdx_907_eoef--RiskTextBlock_c20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member__oef--RiskAxis__oef--RiskNotInsuredMember_zUGKx4oXTQbe">An investment in the Fund is not insured or guaranteed by any government agency.</span> <span id="xdx_900_eoef--RiskTextBlock_c20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member__oef--RiskAxis__oef--RiskLoseMoneyMember_z5SSpVjIPGy4">As with any mutual fund investment, the Fund’s returns and share price will fluctuate, and you may lose money by investing in the Fund.</span> Below are some of the specific risks of investing in the Fund.</p> An investment in the Fund is not insured or guaranteed by any government agency. As with any mutual fund investment, the Fund’s returns and share price will fluctuate, and you may lose money by investing in the Fund. <div id="xdx_A81_eoef--RiskTextBlock_hoef--RiskAxis__custom--MarketAndGeopoliticalRiskMember_zzVZhOja61Pk"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Market and Geopolitical Risk</b>. The increasing interconnectivity between global economies and financial markets increases the likelihood that events or conditions in one region or financial market may adversely impact issuers in a different country, region or financial market. Securities in the Fund’s portfolio may underperform due to inflation (or expectations for inflation), interest rates, global demand for particular products or resources, natural disasters, climate change and climate-related events, pandemics, epidemics, terrorism, tariffs and trade wars, international conflicts, regulatory events and governmental or quasi-governmental actions. The occurrence of global events similar to those in recent years may result in market volatility and may have long term effects on both the U.S. and global financial markets. It is not known how long such impacts, or any future impacts of other significant events described above, will or would last, but there could be a prolonged period of global economic slowdown, which may impact your Fund investment. Therefore, the Fund could lose money over short periods due to short-term market movements and over longer periods during more prolonged market downturns. During a general market downturn, multiple asset classes may be negatively affected. Changes in market conditions and interest rates can have the same impact on all types of securities and instruments. In times of severe market disruptions, you could lose your entire investment.</td></tr></table> <div id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--SmallAndMidCapRisksMember_zubFUOiZWLud"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span id="a_Hlk69129713"></span><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Small and Mid Cap Risks.</b> Securities of companies with small and mid market capitalizations are often more volatile and less liquid than investments in larger companies. Small and mid cap companies may face a greater risk of business failure, which could increase the volatility of the Fund’s portfolio. </td></tr></table> <div id="xdx_A8A_eoef--RiskTextBlock_hoef--RiskAxis__custom--ActiveManagementRiskMember_zSTn2WHzGqcg"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Active Management Risk.</b> The portfolio manager’s judgments about the attractiveness, growth prospects and value of a particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that individual companies will perform as anticipated.</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <div id="xdx_A8D_eoef--RiskTextBlock_hoef--RiskAxis__custom--SectorConcentrationRiskMember_z3vZw8YG6vy7"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Sector Concentration Risk.</b> The Fund may focus its investments in securities of a particular sector. Economic, legislative or regulatory developments may occur that significantly affect the sector. This may cause the Fund’s net asset value (“NAV”) to fluctuate more than that of a fund that does not focus in a particular sector.</td></tr></table> <div id="xdx_A85_eoef--RiskTextBlock_hoef--RiskAxis__custom--REITRiskMember_zzMgYKTUTpch"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>REIT Risk.</b> The value of REITs can be negatively impacted by declines in the value of real estate, adverse general and local economic conditions and environmental problems. REITs are also subject to certain other risks related specifically to their structure and focus, such as: (a) dependency upon management’s skills; (b) limited diversification; (c) heavy cash flow dependency; (d) possible default by borrowers; and (e) in many cases, less liquidity and greater price volatility.</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify"></p> <p style="font: 9.5pt Times New Roman, Times, Serif; margin: 0"><b></b></p> <div id="xdx_A8E_eoef--RiskTextBlock_hoef--RiskAxis__custom--PubliclyTradedMasterLimitedPartnershipRiskMember_zQSlwByJSQr2"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-size: 9.5pt"><b>Publicly Traded Master Limited Partnership Risk. </b>Investments in publicly traded MLPs are subject to various risks related to the underlying operating companies controlled by the MLPs, including dependence upon specialized management skills and the risk that the underlying companies may lack or have limited operating histories. The success of the Fund’s investments also will vary depending on the underlying industry represented by the MLP’s portfolio. For example, when the Fund invests in MLPs that invest in oil and gas companies, its return on the investment will be highly dependent on oil and gas prices, which can be highly volatile. Similarly, MLPs that invest in real estate typically are subject to risks similar to those of a REIT. Unlike ownership of common stock of a corporation, the Fund would have limited voting rights and have no ability annually to elect directors in connection with its investment in an MLP.</span></td></tr></table> <div id="xdx_A8F_eoef--RiskTextBlock_hoef--RiskAxis__custom--MLPTaxRiskMember_zGt9gum912E"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-size: 9.5pt"><b>MLP Tax Risk</b>. MLPs, typically, do not pay U.S. federal income tax at the partnership level. Instead, each partner is allocated a share of the partnership’s income, gains, losses, deductions and expenses. A change in current tax law or in the underlying business mix of a given MLP could result in an MLP being treated as a corporation for U.S. federal income tax purposes, which would result in the MLP being required to pay U.S. federal income tax on its taxable income. The classification of an MLP as a corporation for U.S. federal income tax purposes would have the effect of reducing the amount of cash available for distribution by the MLP. Thus, if any of the MLPs owned by the Fund were treated as corporations for U.S. federal income tax purposes, it could result in a reduction of the value of your investment in the Fund and lower income, as compared to an MLP that is not taxed as a corporation.</span></td></tr></table> <div id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--FixedIncomeSecuritiesRiskMember_zCU8QANH9gQ5"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Fixed Income Securities Risk.</b> If interest rates increase, the value of any fixed income securities held by the Fund may decline. Fixed income securities are also subject to credit risk, which is the risk that the issuer of the security may default on payment of principal or interest.</td></tr></table> <div id="xdx_A85_eoef--RiskTextBlock_hoef--RiskAxis__custom--USGovernmentSecuritiesRiskMember_zJ0yfVxsjDv7"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>U.S. Government Securities Risk.</b> It is possible that the U.S. Government would not provide financial support to its agencies or instrumentalities if it is not required to do so by law. If a U.S. Government agency or instrumentality in which the Fund invests defaults, and the U.S. Government does not stand behind the obligation, the Fund’s share price or yield could fall. Securities of certain U.S. Government sponsored entities, such as Freddie Mac or Fannie Mae, are neither issued nor guaranteed by the U.S. Government.</td></tr></table> <div id="xdx_A8F_eoef--RiskTextBlock_hoef--RiskAxis__custom--TurnoverRiskMember_zNKZGZC4fRo7"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span id="a_Hlk513197330"></span><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Turnover Risk.</b> The Fund’s investment strategy involves active trading and typically results in a relatively high portfolio turnover rate. A high portfolio turnover rate may result in correspondingly greater brokerage commission expenses and in the distribution to shareholders of additional capital gains for tax purposes.</td></tr></table> <div id="xdx_A8A_eoef--RiskTextBlock_hoef--RiskAxis__custom--IssuerCybersecurityRiskMember_zZHgi5X6iXK8"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Issuer Cybersecurity Risk.</b> Issuers of securities in which the Fund invests, counterparties with which the Fund engages in transactions, exchange and other financial market participants, such as banks, brokers, dealers and other financial institutions may experience cybersecurity breaches. These breaches may result in harmful disruptions to operations and may negatively impact the financial condition of an issuer or market participant. The Fund and its shareholders could be negatively impacted as a result. </td></tr></table> Performance <p id="xdx_A83_eoef--PerformanceNarrativeTextBlock_zyOIKg7cnQt9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_90E_eoef--PerformanceInformationIllustratesVariabilityOfReturns_c20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member_zkQyLghs2qY4">The bar chart below shows how the Fund’s investment results have varied from year to year. The table below shows how the Fund’s average annual total returns compare over time to those of a broad-based securities market index and two supplemental performance indices.</span> This information provides some indication of the risks of investing in the Fund. <span id="xdx_905_eoef--PerformancePastDoesNotIndicateFuture_c20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member_zswg4zmucEP1">Past performance of the Fund is not necessarily an indication of how it will perform in the future.</span></p> The bar chart below shows how the Fund’s investment results have varied from year to year. The table below shows how the Fund’s average annual total returns compare over time to those of a broad-based securities market index and two supplemental performance indices. Past performance of the Fund is not necessarily an indication of how it will perform in the future. <p id="xdx_A87_eoef--BarChartTableTextBlock_zuQtjTufzYDf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><img alt="" src="image_009.gif" style="height: 275px; width: 481px"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></p> <div></div> <table cellpadding="0" cellspacing="0" id="xdx_A51_dU_zWCvcwOUwsre" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Annual Total Returns"> <tr style="display: none; vertical-align: bottom; text-align: center"> <th style="display: none; text-align: center">Years</th> <th style="display: none; text-align: center">Returns</th></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center; width: 50%">2016</td> <td id="xdx_982_eoef--AnnlRtrPct_c20160101__20161231__oef--ClassAxis__custom--C000044155Member_zzm552WBMXI6" style="display: none; text-align: center; width: 50%">30.39%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">2017</td> <td id="xdx_98A_eoef--AnnlRtrPct_c20170101__20171231__oef--ClassAxis__custom--C000044155Member_zOnZeoTXBZdj" style="display: none; text-align: center">3.70%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">2018</td> <td id="xdx_98D_eoef--AnnlRtrPct_c20180101__20181231__oef--ClassAxis__custom--C000044155Member_zKasLgXArrbc" style="display: none; text-align: center">-13.09%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">2019</td> <td id="xdx_984_eoef--AnnlRtrPct_c20190101__20191231__oef--ClassAxis__custom--C000044155Member_zoAqMaOphcei" style="display: none; text-align: center">20.91%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">2020</td> <td id="xdx_981_eoef--AnnlRtrPct_c20200101__20201231__oef--ClassAxis__custom--C000044155Member_zTbJ6gp2hGth" style="display: none; text-align: center">-1.72%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">2021</td> <td id="xdx_98D_eoef--AnnlRtrPct_c20210101__20211231__oef--ClassAxis__custom--C000044155Member_zd6O98OA0yEj" style="display: none; text-align: center">31.48%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">2022</td> <td id="xdx_986_eoef--AnnlRtrPct_c20220101__20221231__oef--ClassAxis__custom--C000044155Member_zQEiBWoWZcLc" style="display: none; text-align: center">1.75%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">2023</td> <td id="xdx_989_eoef--AnnlRtrPct_c20230101__20231231__oef--ClassAxis__custom--C000044155Member_zMXPijKAuRtk" style="display: none; text-align: center">2.76%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">2024</td> <td id="xdx_98D_eoef--AnnlRtrPct_c20240101__20241231__oef--ClassAxis__custom--C000044155Member_zv4eA4FktNt1" style="display: none; text-align: center">3.73%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">2025</td> <td id="xdx_984_eoef--AnnlRtrPct_c20250101__20251231__oef--ClassAxis__custom--C000044155Member_z00lsp8HVKah" style="display: none; text-align: center">4.98%</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> 0.3039 0.0370 -0.1309 0.2091 -0.0172 0.3148 0.0175 0.0276 0.0373 0.0498 <p id="xdx_A8E_eoef--BarChartClosingTextBlock_zWu2WCWXdqP6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the period shown in the bar chart, <span id="xdx_907_eoef--HighestQuarterlyReturnLabel_c20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member_z23AlLcpDH3">the highest return for a quarter</span> was <span id="xdx_90E_eoef--BarChartHighestQuarterlyReturn_c20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member_zjTVBEEHumvf">27.78%</span> for the quarter ended <span id="xdx_908_eoef--BarChartHighestQuarterlyReturnDate_c20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member_zZvDzJHb7g51">December 31, 2020</span> and <span id="xdx_90D_eoef--LowestQuarterlyReturnLabel_c20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member_z8t59wyMwI1j">the lowest return for a quarter</span> was <span id="xdx_906_eoef--BarChartLowestQuarterlyReturn_c20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member_zBJfqcrotsK7">(36.64)%</span> for the quarter ended <span id="xdx_90E_eoef--BarChartLowestQuarterlyReturnDate_c20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member_zH4WCuHNtaae">March 31, 2020</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_908_eoef--YearToDateReturnLabel_c20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member_zFNEGFPWeWI8">The Fund’s year to date return</span> as of <span id="xdx_909_eoef--BarChartYearToDateReturnDate_c20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member_zjPHGK8igh38">June 30, 2026</span> was <span id="xdx_901_eoef--BarChartYearToDateReturn_c20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member_zaFkp53dVYEc">22.01%</span>. </p> the highest return for a quarter 0.2778 2020-12-31 the lowest return for a quarter -0.3664 2020-03-31 The Fund’s year to date return 2026-06-30 0.2201 Average Annual Total Returns for periods ended December 31, 2025: <div id="xdx_A8B_eoef--PerformanceTableTextBlock_zyu1d6uYYSz1"></div> <table cellpadding="0" cellspacing="0" id="xdx_A59_dU_zLoHjCihFLib" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Average Annual Total Returns"> <tr style="vertical-align: bottom"> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><span style="font-size: 10pt"><b>Dean Small Cap Value Fund</b></span></td> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"> </td> <td id="xdx_49A_20250101__20251231_zGJrZ24EDRp9" style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt"><b>1 Year</b></span></td> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid"> </td> <td id="xdx_493_20210101__20251231_zikUlA9Tb726" style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt"><b>5 Years</b></span></td> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid"> </td> <td id="xdx_496_20160101__20251231_zS2a7z7mpch8" style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt"><b>10 Years</b></span></td></tr> <tr id="xdx_40F_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000044155Member_zf3wnNAyrMpk" style="background-color: #CCEEFF"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 0.25in; text-indent: -12pt"><span style="font-size: 10pt"><span id="xdx_90C_eoef--AverageAnnualReturnLabel_c20260729__20260729__oef--ClassAxis__custom--C000044155Member_zGyUM1I4LHUe">Return Before Taxes</span></span></td> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: bottom"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right"><span style="font-size: 10pt">4.98%</span></td> <td style="border-bottom: black 1pt solid; vertical-align: bottom"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right"><span style="font-size: 10pt">8.41%</span></td> <td style="border-bottom: black 1pt solid; vertical-align: bottom"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: center"><span style="font-size: 10pt">7.65%</span></td></tr> <tr id="xdx_40A_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000044155Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_zZNSvDrgGDsh"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 0.25in; text-indent: -12pt"><span style="font-size: 10pt">Return After Taxes on Distributions</span></td> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: bottom"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right"><span style="font-size: 10pt">4.51%</span></td> <td style="border-bottom: black 1pt solid; vertical-align: bottom"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right"><span style="font-size: 10pt">7.90%</span></td> <td style="border-bottom: black 1pt solid; vertical-align: bottom"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: center"><span style="font-size: 10pt">6.46%</span></td></tr> <tr id="xdx_401_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000044155Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zMCOzVSVY2We" style="background-color: #CCEEFF"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 0.25in; text-indent: -12pt"><span style="font-size: 10pt">Return After Taxes on Distributions and Sale of Fund Shares</span></td> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: bottom"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right"><span style="font-size: 10pt">3.31%</span></td> <td style="border-bottom: black 1pt solid; vertical-align: bottom"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right"><span style="font-size: 10pt">6.60%</span></td> <td style="border-bottom: black 1pt solid; vertical-align: bottom"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: center"><span style="font-size: 10pt">5.78%</span></td></tr> <tr> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top"><span style="font-size: 10pt"><b>Russell 3000^® Index¹</b></span></td> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: bottom"> </td> <td id="xdx_98F_eoef--AvgAnnlRtrPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000044155Member__oef--PerformanceMeasureAxis__custom--Russell3000IndexMember_fMZY___zGaL9P6idg36" style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right"><span style="font-size: 10pt">17.15%</span></td> <td style="border-bottom: black 1pt solid; vertical-align: bottom"> </td> <td id="xdx_98F_eoef--AvgAnnlRtrPct_dp_c20210101__20251231__oef--ClassAxis__custom--C000044155Member__oef--PerformanceMeasureAxis__custom--Russell3000IndexMember_fMZY___zMHLM0uE7dC1" style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right"><span style="font-size: 10pt">13.15%</span></td> <td style="border-bottom: black 1pt solid; vertical-align: bottom"> </td> <td id="xdx_98E_eoef--AvgAnnlRtrPct_dp_c20160101__20251231__oef--ClassAxis__custom--C000044155Member__oef--PerformanceMeasureAxis__custom--Russell3000IndexMember_fMZY___zTt1Jfft2Ro6" style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: center"><span style="font-size: 10pt">14.29%</span></td></tr> <tr style="background-color: #D0EEFF"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt"><b>Russell 2000^® Value Index²</b></span></td> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: bottom"> </td> <td id="xdx_982_eoef--AvgAnnlRtrPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000044155Member__oef--PerformanceMeasureAxis__custom--Russell2000ValueIndexMember_fMpY___zRT47f15Pxj4" style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right"><span style="font-size: 10pt">12.59%</span></td> <td style="border-bottom: black 1pt solid; vertical-align: bottom"> </td> <td id="xdx_980_eoef--AvgAnnlRtrPct_dp_c20210101__20251231__oef--ClassAxis__custom--C000044155Member__oef--PerformanceMeasureAxis__custom--Russell2000ValueIndexMember_fMpY___zAAwIQPjbybf" style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right"><span style="font-size: 10pt">8.88%</span></td> <td style="border-bottom: black 1pt solid; vertical-align: bottom"> </td> <td id="xdx_989_eoef--AvgAnnlRtrPct_dp_c20160101__20251231__oef--ClassAxis__custom--C000044155Member__oef--PerformanceMeasureAxis__custom--Russell2000ValueIndexMember_fMpY___zXp4jPcDks5e" style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; text-align: center"><span style="font-size: 10pt">9.27%</span></td></tr> <tr> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt"><b>Russell 2000^® Index²</b></span></td> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: bottom"> </td> <td id="xdx_98F_eoef--AvgAnnlRtrPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000044155Member__oef--PerformanceMeasureAxis__custom--Russell2000IndexMember_fMpY___zPrpMxBkNFs6" style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right"><span style="font-size: 10pt">12.81%</span></td> <td style="border-bottom: black 1pt solid; vertical-align: bottom"> </td> <td id="xdx_985_eoef--AvgAnnlRtrPct_dp_c20210101__20251231__oef--ClassAxis__custom--C000044155Member__oef--PerformanceMeasureAxis__custom--Russell2000IndexMember_fMpY___zgyNIklv6J2i" style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right"><span style="font-size: 10pt">6.09%</span></td> <td style="border-bottom: black 1pt solid; vertical-align: bottom"> </td> <td id="xdx_989_eoef--AvgAnnlRtrPct_dp_c20160101__20251231__oef--ClassAxis__custom--C000044155Member__oef--PerformanceMeasureAxis__custom--Russell2000IndexMember_fMpY___zK3MDqFH5j68" style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; text-align: center"><span style="font-size: 10pt">9.62%</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; padding-left: 10pt; text-indent: -10pt; width: 9pt"><span id="xdx_F00_zKGS8tcCj1ij">1– </span></td> <td style="text-align: justify; padding-left: 10pt"><span id="xdx_F14_zx2pI87aI086">The Fund’s primary index, the Russell 3000^® Index, is included due to regulatory requirements for broad-based index comparison. The Russell 3000^® Index measures the performance of the largest 3,000 US companies representing approximately 96% of the investable US equity market, as of the most recent reconstitution. The Russell 3000^® Index is constructed to provide a comprehensive, unbiased and stable barometer of the broad market and is completely reconstituted annually to ensure new and growing equities are included. The Russell 3000^® Index is representative of a broader market and range of securities than are found in the Fund’s portfolio. Individuals cannot invest directly in an index.</span></td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; padding-left: 10pt; text-indent: -10pt; width: 9pt"><span id="xdx_F08_zrKaUeklSlb7">2– </span></td> <td style="text-align: justify; padding-left: 10pt"><span id="xdx_F10_z9eNDYiiVkac"> The Russell 2000^® Index is an equity index that measures the performance of the 2,000 smallest companies in the Russell 3000^® Index, which is made up of 3,000 of the largest U.S. companies. The Russell 2000^® Value Index is an unmanaged index of common stock prices that measures the performance of those Russell 2000 companies with lower price-to-book ratios and lower relative forecasted growth rates. The indices are representative of a broader market and range of securities than are found in the Fund’s portfolio. Individuals cannot invest directly in an index; however, an individual can invest in exchange-traded funds or other investment vehicles that attempt to track the performance of a benchmark index.</span></td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> Return Before Taxes 0.0498 0.0841 0.0765 0.0451 0.0790 0.0646 0.0331 0.0660 0.0578 0.1715 0.1315 0.1429 0.1259 0.0888 0.0927 0.1281 0.0609 0.0962 <p id="xdx_A8A_eoef--PerformanceTableClosingTextBlock_z25rDVMinGN1" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_90D_eoef--PerformanceTableUsesHighestFederalRate_c20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member_zIQo7DZ3yoMd">After-tax returns are calculated using the historical highest individual federal income tax rates in effect and do not reflect the impact of state and local taxes.</span> <span id="xdx_903_eoef--PerformanceTableNotRelevantToTaxDeferred_c20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member_z6Oh7XhQq2Lh">Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Current performance of the Fund may be lower or higher than the performance quoted above. Updated performance information may be obtained by calling <span id="a_Hlk6920185"></span><span id="xdx_905_eoef--PerformanceAvailabilityPhone_c20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member_zmtOjS9CxTSa">(888) 899-8343</span> or accessed on the Fund’s website at </i><i><span id="xdx_905_eoef--PerformanceAvailabilityWebSiteAddress_c20260729__20260729__dei--LegalEntityAxis__custom--S000016035Member_zs5g0mj6FA7h">https://deanmutualfunds.com</span></i><i>.</i></p> After-tax returns are calculated using the historical highest individual federal income tax rates in effect and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs. (888) 899-8343 https://deanmutualfunds.com SUMMARY SECTION – DEAN MID CAP VALUE FUND Investment Objective The investment objective of the Dean Mid Cap Value Fund (the “Fund”) is long-term capital appreciation and, secondarily, dividend income. Fees and Expenses of the Fund <p id="xdx_A8C_eoef--ExpenseNarrativeTextBlock_zIs8J4L09Iid" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. <b>You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and examples below.</b></p> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) <div id="xdx_A82_eoef--AnnualFundOperatingExpensesTableTextBlock_zIIDcvjcIioj"></div> <table cellpadding="0" cellspacing="0" id="xdx_A5C_dU_znMWALqoxvn" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Fund Operating Expenses"> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"> </td> <td id="xdx_49E_20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member__oef--ClassAxis__custom--C000044154Member_zK6F2iRlMCYc" style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_406_eoef--ManagementFeesOverAssets_dpn_zvCA4717tpYi"> <td style="vertical-align: top; width: 87%; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt">Management Fee</span></td> <td style="vertical-align: bottom; width: 13%; text-align: right"><span style="font-size: 10pt">0.75%</span></td></tr> <tr id="xdx_407_eoef--OtherExpensesOverAssets_dpn_zdi7JNTpEXr9"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt">Other Expenses</span></td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: right"><span style="font-size: 10pt">0.21%</span></td></tr> <tr id="xdx_405_eoef--ExpensesOverAssets_dpn_zPWNaLxZUeXi"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt">Total Annual Fund Operating Expenses</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font-size: 10pt">0.96%</span></td></tr> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt">Fee Waiver/Expense Reimbursement¹</span></td> <td id="xdx_983_eoef--FeeWaiverOrReimbursementOverAssets_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member__oef--ClassAxis__custom--C000044154Member_fMS0___zPhyEohT6aDc" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: right" title="Fee Waiver/Expense Reimbursement1"><span style="font-size: 10pt">(0.11)%</span></td></tr> <tr id="xdx_40A_eoef--NetExpensesOverAssets_dpn_z9sLxXiWYCl2"> <td style="vertical-align: top"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12.25pt; text-indent: -12.25pt"><b>Total Annual Fund Operating Expenses</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12.25pt; text-indent: -12.25pt"><b>(After Fee Waiver/Expense Reimbursement)</b></p></td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right"><span style="font-size: 10pt"><b>0.85%</b></span></td></tr> </table> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; padding-left: 10pt; text-indent: -10pt; width: 9pt"><span id="xdx_F04_zoc7fwe4BTD9">1-</span></td> <td style="text-align: justify; padding-left: 10pt"><span id="xdx_F11_z093Vyl1rVC7">The Fund’s adviser, Dean Investment Associates, LLC (the “Adviser”), has contractually agreed to waive its management fee and/or reimburse the Fund’s other expenses in order to limit total annual Fund operating expenses to 0.85% of the Fund’s average daily net assets through <span id="xdx_906_eoef--FeeWaiverOrReimbursementOverAssetsDateOfTermination_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member_zilDhhaYU9F5">July 31, 2027</span> (excluding portfolio transaction and other investment-related costs (including brokerage fees and commissions); taxes; borrowing costs (such as interest and dividend expenses on securities sold short); acquired fund fees and expenses; fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including for example option and swap fees and expenses); any amounts payable pursuant to a distribution or service plan adopted in accordance with Rule 12b-1 under the Investment Company Act of 1940, as amended; expenses incurred in connection with any merger or reorganization; extraordinary expenses (such as litigation expenses, indemnification of Trust officers and Trustees and contractual indemnification of Fund service providers); and other expenses that the Trustees agree have not been incurred in the ordinary course of the Fund’s business). This expense cap may not be terminated prior to this date except by the Board upon sixty days’ written notice to the Adviser. Each fee waiver/expense payment by the Adviser is subject to recoupment by the Adviser from the Fund in the three years following the date the particular fee waiver/expense payment occurred, but only if such recoupment can be achieved without exceeding the annual expense limitation in effect at the time of the fee waiver/expense payment and any expense limitation in effect at the time of recoupment. </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> 0.0075 0.0021 0.0096 -0.0011 0.0085 July 31, 2027 Expense Example: <p id="xdx_A85_eoef--ExpenseExampleNarrativeTextBlock_zS4PRZIfaM12" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <span id="xdx_908_eoef--ExpenseExampleByYearCaption_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member_zVX7Uf3XB5a3">The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example reflects the Adviser’s agreement to waive fees and/or reimburse expenses for one year only. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example reflects the Adviser’s agreement to waive fees and/or reimburse expenses for one year only. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <div id="xdx_A88_eoef--ExpenseExampleWithRedemptionTableTextBlock_zc3N8p7T8obf"></div> <table cellpadding="0" cellspacing="0" id="xdx_A53_dU_zi6VXIhOgDW3" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Expense Example"> <tr> <td id="xdx_48E_eoef--ExpenseExampleYear01_zowhRk52oKi3" style="white-space: nowrap; width: 16%"> <p style="border-bottom: black 0.75pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0">1 Year</p></td> <td style="width: 14%"> </td> <td id="xdx_48D_eoef--ExpenseExampleYear03_zXaS4YFvSVNj" style="white-space: nowrap; width: 14%"> <p style="border-bottom: black 0.75pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0">3 Years</p></td> <td style="width: 14%"> </td> <td id="xdx_48B_eoef--ExpenseExampleYear05_zludKT4POrFa" style="white-space: nowrap; width: 14%"> <p style="border-bottom: black 0.75pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0">5 Years</p></td> <td style="width: 14%"> </td> <td id="xdx_48F_eoef--ExpenseExampleYear10_zP24cvabVM3e" style="white-space: nowrap; width: 14%"> <p style="border-bottom: black 0.75pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0">10 Years</p></td></tr> <tr id="xdx_41C_20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member__oef--ClassAxis__custom--C000044154Member_z3x5ByRjj8c4" style="background-color: #CCEEFF"> <td style="text-align: center"><span style="font-size: 10pt">$87</span></td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt">$295</span></td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt">$520</span></td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt">$1,168</span></td></tr> </table> 87 295 520 1168 Portfolio Turnover <p id="xdx_A89_eoef--PortfolioTurnoverTextBlock_zjHg8gbpXBRf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the Example above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was <span id="xdx_908_eoef--PortfolioTurnoverRate_dp_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member_zgNLexMvG9Me">31%</span> of the average value of its portfolio.</p> 0.31 Principal Investment Strategies <p id="xdx_A85_eoef--StrategyNarrativeTextBlock_zrW9d1P50vX8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="a_Hlk513043805"></span>The Fund primarily invests in equity securities of mid cap companies. <span id="a_Hlk41975054"></span>The Fund considers “mid cap” companies to be those with market capitalizations similar to companies listed on the Russell Midcap^® Value Index at the time of investment. As of March 31, 2026, the market capitalization of companies listed on the Russell Midcap^® Value Index ranged from $907.1 million to $116.8 billion and the median was $11.6 billion.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Using fundamental, bottom-up research, the Fund’s portfolio manager utilizes a multi-factored valuation method to identify stocks of mid cap companies that he believes are undervalued at the time of purchase. To identify these companies, the Fund’s portfolio manager looks for companies with earnings, cash flows and/or assets that he believes are not accurately reflected in the companies’ market values. The portfolio manager also considers various ratios, including the price-to-earnings or price-to-book value ratios and whether the companies’ securities have a favorable dividend and/or interest-paying history and whether such payments are expected to continue. The portfolio manager attempts to purchase the stocks of these undervalued companies and hold each stock until it has returned to favor in the market and the price has increased to, or is higher than, a level the portfolio manager believes more accurately reflects the fair value of the company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund seeks to preserve capital in down markets and to diversify its portfolio in traditional, as well as relative, value-oriented investments. The Fund may, from time to time overweight its investments in certain market sectors.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities of U.S. mid cap companies. This policy may be changed only upon at least 60 days’ advance notice to shareholders. Equity securities in which the Fund may invest include common stocks, securities convertible into common stocks (such as convertible bonds, convertible preferred stocks and warrants), equity real estate investment trusts (“REITs”), and master limited partnerships (“MLPs”). The Fund may also invest in high grade government bonds. The Fund may from time to time overweight its investments in certain market sectors.</p> <p id="xdx_A84_eoef--RiskTextBlock_zxYsqhcW8fy7" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">All investments involve risks, and the Fund cannot guarantee that it will achieve its investment objective. <span id="xdx_907_eoef--RiskTextBlock_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member__oef--RiskAxis__oef--RiskNotInsuredMember_zk46Nh4SD2ol">An investment in the Fund is not insured or guaranteed by any government agency.</span> <span id="xdx_90B_eoef--RiskTextBlock_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member__oef--RiskAxis__oef--RiskLoseMoneyMember_zGuBgIX3yaqk">As with any mutual fund investment, the Fund’s returns and share price will fluctuate, and you may lose money by investing in the Fund.</span> Below are some of the specific risks of investing in the Fund.</p> An investment in the Fund is not insured or guaranteed by any government agency. As with any mutual fund investment, the Fund’s returns and share price will fluctuate, and you may lose money by investing in the Fund. <div id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--MarketAndGeopoliticalRiskMember_zHP5VDegwZf6"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Market and Geopolitical Risk. </b>The increasing interconnectivity between global economies and financial markets increases the likelihood that events or conditions in one region or financial market may adversely impact issuers in a different country, region or financial market. Securities in the Fund’s portfolio may underperform due to inflation (or expectations for inflation), interest rates, global demand for particular products or resources, natural disasters, climate change and climate-related events, pandemics, epidemics, terrorism, tariffs and trade wars, international conflicts, regulatory events and governmental or quasi-governmental actions. The occurrence of global events similar to those in recent years may result in market volatility and may have long term effects on both the U.S. and global financial markets. It is not known how long such impacts, or any future impacts of other significant events described above, will or would last, but there could be a prolonged period of global economic slowdown, which may impact your Fund investment. Therefore, the Fund could lose money over short periods due to short-term market movements and over longer periods during more prolonged market downturns. During a general market downturn, multiple asset classes may be negatively affected. Changes in market conditions and interest rates can have the same impact on all types of securities and instruments. In times of severe market disruptions, you could lose your entire investment.</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify"></p> <div id="xdx_A8F_eoef--RiskTextBlock_hoef--RiskAxis__custom--SmallAndMidCapRisksMember_z7MGWwzntXag"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Small and Mid Cap Risks.</b> Securities of companies with small or mid market capitalizations are often more volatile and less liquid than investments in larger companies. Medium and small capitalization companies may face a greater risk of business failure, which could increase the volatility of the Fund’s portfolio. </td></tr></table> <div id="xdx_A85_eoef--RiskTextBlock_hoef--RiskAxis__custom--ActiveManagementRiskMember_zs4vKeRQPivd"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Active Management Risk.</b> The portfolio manager’s judgments about the attractiveness, growth prospects and value of a particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that individual companies will perform as anticipated.</td></tr></table> <div id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--SectorConcentrationRiskMember_zEiwdfwu11le"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Sector Concentration Risk.</b> The Fund may focus its investments in securities of a particular sector. Economic, legislative or regulatory developments may occur that significantly affect the sector. This may cause the Fund’s net asset value (“NAV”) to fluctuate more than that of a fund that does not focus in a particular sector.</td></tr></table> <div id="xdx_A8C_eoef--RiskTextBlock_hoef--RiskAxis__custom--REITRiskMember_zFmg978gCnfl"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>REIT Risk.</b> The value of REITs can be negatively impacted by declines in the value of real estate, adverse general and local economic conditions and environmental problems. REITs are also subject to certain other risks related specifically to their structure and focus, such as: (a) dependency upon management’s skills; (b) limited diversification; (c) heavy cash flow dependency; (d) possible default by borrowers; and (e) in many cases, less liquidity and greater price volatility.</td></tr></table> <div id="xdx_A86_eoef--RiskTextBlock_hoef--RiskAxis__custom--PubliclyTradedMasterLimitedPartnershipRiskMember_zenwMXzw36k7"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span id="protoc944770_13"></span><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-size: 9.5pt"><b>Publicly Traded Master Limited Partnership Risk.</b> Investments in publicly traded MLPs are subject to various risks related to the underlying operating companies controlled by the MLPs, including dependence upon specialized management skills and the risk that the underlying companies may lack or have limited operating histories. The success of the Fund’s investments also will vary depending on the underlying industry represented by the MLP’s portfolio. For example, when the Fund invests in MLPs that invest in oil and gas companies, its return on the investment will be highly dependent on oil and gas prices, which can be highly volatile. Similarly, MLPs that invest in real estate typically are subject to risks similar to those of a REIT. Unlike ownership of common stock of a corporation, the Fund would have limited voting rights and have no ability annually to elect directors in connection with its investment in an MLP.</span></td></tr></table> <div id="xdx_A87_eoef--RiskTextBlock_hoef--RiskAxis__custom--MLPTaxRiskMember_zvOIMzb0D0Cb"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-size: 9.5pt"><b>MLP Tax Risk</b>. MLPs, typically, do not pay U.S. federal income tax at the partnership level. Instead, each partner is allocated a share of the partnership’s income, gains, losses, deductions and expenses. A change in current tax law or in the underlying business mix of a given MLP could result in an MLP being treated as a corporation for U.S. federal income tax purposes, which would result in the MLP being required to pay U.S. federal income tax on its taxable income. The classification of an MLP as a corporation for U.S. federal income tax purposes would have the effect of reducing the amount of cash available for distribution by the MLP. Thus, if any of the MLPs owned by the Fund were treated as corporations for U.S. federal income tax purposes, it could result in a reduction of the value of your investment in the Fund and lower income, as compared to an MLP that is not taxed as a corporation.</span></td></tr></table> <div id="xdx_A81_eoef--RiskTextBlock_hoef--RiskAxis__custom--FixedIncomeSecuritiesRiskMember_zciHjMx6Q728"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Fixed Income Securities Risk.</b> If interest rates increase, the value of any fixed income securities held by the Fund may decline. Fixed income securities are also subject to credit risk, which is the risk that the issuer of the security may default on payment of principal or interest.</td></tr></table> <div id="xdx_A87_eoef--RiskTextBlock_hoef--RiskAxis__custom--USGovernmentSecuritiesRiskMember_z2fMK2LSVS4k"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span id="a_Hlk513197711"></span><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>U.S. Government Securities Risk.</b> It is possible that the U.S. Government would not provide financial support to its agencies or instrumentalities if it is not required to do so by law. If a U.S. Government agency or instrumentality in which the Fund invests defaults, and the U.S. Government does not stand behind the obligation, the Fund’s share price or yield could fall. Securities of certain U.S. Government sponsored entities, such as Freddie Mac or Fannie Mae, are neither issued nor guaranteed by the U.S. Government.</td></tr></table> <div id="xdx_A86_eoef--RiskTextBlock_hoef--RiskAxis__custom--IssuerCybersecurityRiskMember_zsxxAwYYfC1b"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Issuer Cybersecurity Risk.</b> Issuers of securities in which the Fund invests, counterparties with which the Fund engages in transactions, exchange and other financial market participants, such as banks, brokers, dealers and other financial institutions may experience cybersecurity breaches. These breaches may result in harmful disruptions to operations and may negatively impact the financial condition of an issuer or market participant. The Fund and its shareholders could be negatively impacted as a result. </td></tr></table> Performance <p id="xdx_A88_eoef--PerformanceNarrativeTextBlock_zIsHmKntVHn7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_90B_eoef--PerformanceInformationIllustratesVariabilityOfReturns_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member_zopzUk1BNVmg">The bar chart below shows how the Fund’s investment results have varied from year to year. The table below shows how the Fund’s average annual total returns compare over time to those of a broad-based securities market index and two supplemental performance indices.</span> This information provides some indication of the risks of investing in the Fund. <span id="xdx_902_eoef--PerformancePastDoesNotIndicateFuture_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member_zJY5ed14qR5j">Past performance of the Fund is not necessarily an indication of how it will perform in the future.</span></p> The bar chart below shows how the Fund’s investment results have varied from year to year. The table below shows how the Fund’s average annual total returns compare over time to those of a broad-based securities market index and two supplemental performance indices. Past performance of the Fund is not necessarily an indication of how it will perform in the future. <p id="xdx_A80_eoef--BarChartTableTextBlock_zanuOq2Q3c9g" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><img alt="" src="image_010.gif" style="height: 275px; width: 481px"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></p> <div></div> <table cellpadding="0" cellspacing="0" id="xdx_A52_dU_zfXFMfl3iLb4" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Annual Total Returns"> <tr style="display: none; vertical-align: bottom; text-align: center"> <th style="display: none; text-align: center">Years</th> <th style="display: none; text-align: center">Returns</th></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center; width: 50%">2016</td> <td id="xdx_98E_eoef--AnnlRtrPct_c20160101__20161231__oef--ClassAxis__custom--C000044154Member_zWUwvbDVLq7h" style="display: none; text-align: center; width: 50%">20.65%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">2017</td> <td id="xdx_985_eoef--AnnlRtrPct_c20170101__20171231__oef--ClassAxis__custom--C000044154Member_zU56iHE4HJbj" style="display: none; text-align: center">15.12%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">2018</td> <td id="xdx_984_eoef--AnnlRtrPct_c20180101__20181231__oef--ClassAxis__custom--C000044154Member_zNtIv6lPhhP3" style="display: none; text-align: center">-11.08%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">2019</td> <td id="xdx_985_eoef--AnnlRtrPct_c20190101__20191231__oef--ClassAxis__custom--C000044154Member_zAKi41eurB3i" style="display: none; text-align: center">26.88%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">2020</td> <td id="xdx_98F_eoef--AnnlRtrPct_c20200101__20201231__oef--ClassAxis__custom--C000044154Member_zVOQHxxX8jac" style="display: none; text-align: center">-2.05%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">2021</td> <td id="xdx_98A_eoef--AnnlRtrPct_c20210101__20211231__oef--ClassAxis__custom--C000044154Member_z6RdEjpwQnTb" style="display: none; text-align: center">28.28%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">2022</td> <td id="xdx_989_eoef--AnnlRtrPct_c20220101__20221231__oef--ClassAxis__custom--C000044154Member_ziYeBLeJ4664" style="display: none; text-align: center">-4.69%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">2023</td> <td id="xdx_986_eoef--AnnlRtrPct_c20230101__20231231__oef--ClassAxis__custom--C000044154Member_z3iAqwBaYcdf" style="display: none; text-align: center">12.80%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">2024</td> <td id="xdx_980_eoef--AnnlRtrPct_c20240101__20241231__oef--ClassAxis__custom--C000044154Member_zjrPsgUTXw2" style="display: none; text-align: center">16.53%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">2025</td> <td id="xdx_989_eoef--AnnlRtrPct_c20250101__20251231__oef--ClassAxis__custom--C000044154Member_zHbK1pnXrQTj" style="display: none; text-align: center">9.42%</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> 0.2065 0.1512 -0.1108 0.2688 -0.0205 0.2828 -0.0469 0.1280 0.1653 0.0942 <p id="xdx_A8F_eoef--BarChartClosingTextBlock_zosXoaicvjEk" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the period shown in the bar chart, <span id="xdx_903_eoef--HighestQuarterlyReturnLabel_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member_zyDRBsSWYva">the highest return for a quarter</span> was <span id="xdx_900_eoef--BarChartHighestQuarterlyReturn_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member_zcl6crkVVJUl">18.25%</span> for the quarter ended <span id="xdx_90B_eoef--BarChartHighestQuarterlyReturnDate_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member_z97rx3Azf6Be">December 31, 2020</span>, and <span id="xdx_90A_eoef--LowestQuarterlyReturnLabel_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member_zhtaCQ23cBsb">the lowest return for a quarter</span> was <span id="xdx_902_eoef--BarChartLowestQuarterlyReturn_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member_ztI2DKx9L10h">(30.84)%</span> for the quarter ended <span id="xdx_90E_eoef--BarChartLowestQuarterlyReturnDate_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member_zDnAxqnInRLl">March 31, 2020</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_90C_eoef--YearToDateReturnLabel_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member_zcKfCLPTrzEc">The Fund’s year to date return</span> as of <span id="xdx_907_eoef--BarChartYearToDateReturnDate_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member_zJWohs8n5WZf">June 30, 2026</span> was <span id="xdx_902_eoef--BarChartYearToDateReturn_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member_zlLOxzDmIwjc">14.21%</span>. </p> the highest return for a quarter 0.1825 2020-12-31 the lowest return for a quarter -0.3084 2020-03-31 The Fund’s year to date return 2026-06-30 0.1421 Average Annual Total Returns for periods ending December 31, 2025: <div id="xdx_A8B_eoef--PerformanceTableTextBlock_zVV3vVrR9nLi"></div> <table cellpadding="0" cellspacing="0" id="xdx_A5C_dU_zoosxGSsHlt2" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Average Annual Total Returns"> <tr> <td style="border-top: Black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; width: 66%"><span style="font-size: 10pt"><b>Dean Mid Cap Value Fund</b> </span></td> <td style="border-top: Black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: bottom; width: 1%"> </td> <td id="xdx_49B_20250101__20251231_zdHrbBBD1TV2" style="border-top: Black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 12%; text-align: center"><span style="font-size: 10pt"><b>1 Year</b></span></td> <td style="border-top: Black 1pt solid; border-bottom: black 1pt solid; width: 1%"> </td> <td id="xdx_492_20210101__20251231_zqa1AGo0il58" style="border-top: Black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 9%; text-align: center"><span style="font-size: 10pt"><b>5 Years</b></span></td> <td style="border-top: Black 1pt solid; border-bottom: black 1pt solid; width: 1%"> </td> <td id="xdx_49B_20160101__20251231_zcM3BC3Syfp8" style="border-top: Black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 10%; text-align: center"><span style="font-size: 10pt"><b>10 Years</b></span></td></tr> <tr id="xdx_40A_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000044154Member_z19qHbwWZAEk" style="background-color: #CCEEFF"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 0.25in; text-indent: -12pt"><span style="font-size: 10pt"><span id="xdx_909_eoef--AverageAnnualReturnLabel_c20260729__20260729__oef--ClassAxis__custom--C000044154Member_zpT7YU7N76h9">Return Before Taxes</span></span></td> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: bottom"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">9.42%</span></td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">11.95%</span></td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">10.44%</span></td></tr> <tr id="xdx_408_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000044154Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_z3SZhTDRzRJg"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 0.25in; text-indent: -12pt"><span style="font-size: 10pt">Return After Taxes on Distributions</span></td> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: bottom"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">7.93%</span></td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">10.47%</span></td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">9.32%</span></td></tr> <tr id="xdx_40D_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000044154Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zYG2XeSqgryg" style="background-color: #CCEEFF"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 0.25in; text-indent: -12pt"><span style="font-size: 10pt">Return After Taxes on Distributions and Sale of Fund Shares</span></td> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: bottom"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">6.67%</span></td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">9.35%</span></td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">8.40%</span></td></tr> <tr> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt"><b>Russell 3000^® Index¹</b></span></td> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: bottom"> </td> <td id="xdx_98B_eoef--AvgAnnlRtrPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000044154Member__oef--PerformanceMeasureAxis__custom--Russell3000IndexMember_fMSCW_zV0LiHpZPek7" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">17.15%</span></td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_981_eoef--AvgAnnlRtrPct_dp_c20210101__20251231__oef--ClassAxis__custom--C000044154Member__oef--PerformanceMeasureAxis__custom--Russell3000IndexMember_fMSCW_zVfDn0jSqrnh" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">13.15%</span></td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_98B_eoef--AvgAnnlRtrPct_dp_c20160101__20251231__oef--ClassAxis__custom--C000044154Member__oef--PerformanceMeasureAxis__custom--Russell3000IndexMember_fMSCW_zN8W5AsSdUHd" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">14.29%</span></td></tr> <tr style="background-color: #CCEEFF"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt"><b>Russell Midcap^® Value Index²</b></span></td> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: bottom"> </td> <td id="xdx_981_eoef--AvgAnnlRtrPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000044154Member__oef--PerformanceMeasureAxis__custom--RussellMidcapValueIndexMember_fMiAt_zin0kvQQheya" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">11.05%</span></td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_98B_eoef--AvgAnnlRtrPct_dp_c20210101__20251231__oef--ClassAxis__custom--C000044154Member__oef--PerformanceMeasureAxis__custom--RussellMidcapValueIndexMember_fMiAt_zM2IQGzwTenl" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">9.83%</span></td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_982_eoef--AvgAnnlRtrPct_dp_c20160101__20251231__oef--ClassAxis__custom--C000044154Member__oef--PerformanceMeasureAxis__custom--RussellMidcapValueIndexMember_fMiAt_zwHOR5nvRh" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">9.78%</span></td></tr> <tr> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt"><b>Russell Midcap^® Index²</b></span></td> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: bottom"> </td> <td id="xdx_98D_eoef--AvgAnnlRtrPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000044154Member__oef--PerformanceMeasureAxis__custom--RussellMidcapIndexMember_fMiAt_zigTqVR084l9" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">10.60%</span></td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_98A_eoef--AvgAnnlRtrPct_dp_c20210101__20251231__oef--ClassAxis__custom--C000044154Member__oef--PerformanceMeasureAxis__custom--RussellMidcapIndexMember_fMiAt_zBUKE8uXWOOh" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">8.67%</span></td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_987_eoef--AvgAnnlRtrPct_dp_c20160101__20251231__oef--ClassAxis__custom--C000044154Member__oef--PerformanceMeasureAxis__custom--RussellMidcapIndexMember_fMiAt_zRosqJSmBkl9" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">11.01%</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; padding-left: 10pt; text-indent: -10pt; width: 9pt"><span id="xdx_F05_ztw0o8XTCOni">1 –</span></td> <td style="text-align: justify; padding-left: 10pt"><span id="xdx_F1F_zQSJaOt2PQJi">The Fund’s primary index, the Russell 3000^® Index, is included due to regulatory requirements for broad-based index comparison. The Russell 3000^® Index measures the performance of the largest 3,000 US companies representing approximately 96% of the investable US equity market, as of the most recent reconstitution. The Russell 3000^® Index is constructed to provide a comprehensive, unbiased and stable barometer of the broad market and is completely reconstituted annually to ensure new and growing equities are included. The Russell 3000^®Index is representative of a broader market and range of securities than are found in the Fund’s portfolio. Individuals cannot invest directly in an index.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td id="xdx_F00_zfFjhSKQR4yf" style="text-align: justify; padding-left: 10pt; text-indent: -10pt; width: 9pt">2 -</td> <td id="xdx_F19_zQlhCblHujF7" style="text-align: justify; padding-left: 10pt"> The Russell Midcap^® Index is a market capitalization weighted index representing the smallest 800 companies in the Russell 1000^® Index. The Russell Midcap^® Value Index is an unmanaged index of common stock prices that measures the performance of those Russell Midcap companies with lower price-to-book ratios and lower forecasted growth values. The indices are representative of a broader market and range of securities than are found in the Fund’s portfolio. An individual cannot invest directly in an index. However, an individual may be able to invest in exchange traded funds or other investment vehicles that attempt to track the performance of an index.</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> Return Before Taxes 0.0942 0.1195 0.1044 0.0793 0.1047 0.0932 0.0667 0.0935 0.0840 0.1715 0.1315 0.1429 0.1105 0.0983 0.0978 0.1060 0.0867 0.1101 <p id="xdx_A89_eoef--PerformanceTableClosingTextBlock_zaf6HG2FINV" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_901_eoef--PerformanceTableUsesHighestFederalRate_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member_zSLXidPWUqB9">After-tax returns are calculated using the historical highest individual federal income tax rates in effect and do not reflect the impact of state and local taxes.</span> <span id="xdx_902_eoef--PerformanceTableNotRelevantToTaxDeferred_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member_zns4fz54laRh">Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Current performance of the Fund may be lower or higher than the performance quoted above. Updated performance information may be obtained by calling <span id="xdx_901_eoef--PerformanceAvailabilityPhone_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member_zv0LC4OxXKV8">(888) 899-8343</span> or accessed on the Fund’s website at </i><i><span id="xdx_909_eoef--PerformanceAvailabilityWebSiteAddress_c20260729__20260729__dei--LegalEntityAxis__custom--S000016034Member_zf2Sn6qHqAlf">https://deanmutualfunds.com</span></i><i>. </i></p> After-tax returns are calculated using the historical highest individual federal income tax rates in effect and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs. (888) 899-8343 https://deanmutualfunds.com SUMMARY SECTION – DEAN EQUITY INCOME FUND Investment Objective <p id="xdx_A81_eoef--ObjectivePrimaryTextBlock_zySF83WNMaT9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The investment objective of the Dean Equity Income Fund (the “Fund”) is long-term capital appreciation with an income focus.</p> Fees and Expenses of the Fund <p id="xdx_A80_eoef--ExpenseNarrativeTextBlock_zTbfX68UCiS2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. <b>You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and examples below.</b></p> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) <div id="xdx_A87_eoef--AnnualFundOperatingExpensesTableTextBlock_zLzxlCiOJEW2"></div> <table cellpadding="0" cellspacing="0" id="xdx_A5E_dU_zcnQJfbL9Qa2" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Fund Operating Expenses"> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_406_eoef--ManagementFeesOverAssets_dpn_zhMCMu7BS3j"> <td style="vertical-align: top; width: 94%; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt">Management Fee</span></td> <td style="vertical-align: bottom; width: 6%; text-align: right"><span style="font-size: 10pt">0.50%</span></td></tr> <tr id="xdx_407_eoef--OtherExpensesOverAssets_dpn_z7OfsHp38rYg"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt">Other Expenses</span></td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: right"><span style="font-size: 10pt">0.30%</span></td></tr> <tr id="xdx_40D_eoef--ExpensesOverAssets_dpn_z6tannud6Ey9"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt">Total Annual Fund Operating Expenses</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font-size: 10pt">0.80%</span></td></tr> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt">Fee Waiver/Expense Reimbursement¹</span></td> <td id="xdx_981_eoef--FeeWaiverOrReimbursementOverAssets_c20260729__20260729__dei--LegalEntityAxis__custom--S000078852Member__oef--ClassAxis__custom--C000239618Member_fMSAt_zSR5pP2xFMF7" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: right" title="Fee Waiver/Expense Reimbursement1"><span style="font-size: 10pt">(0.10)%</span></td></tr> <tr id="xdx_40B_eoef--NetExpensesOverAssets_dpn_zUAEbImXPP05"> <td style="vertical-align: top; padding-left: 12.25pt; text-indent: -12.25pt"><span style="font-size: 10pt"><b>Total Annual Fund Operating Expenses (After Fee Waiver/Expense Reimbursement)</b></span></td> <td style="border-bottom: Black 1.5pt double; vertical-align: bottom; text-align: right"><span style="font-size: 10pt"><b>0.70%</b></span></td></tr> </table> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; padding-left: 10pt; text-indent: -10pt; width: 9pt"><span id="xdx_F05_z9bswLZ1dZs9">1 -</span></td> <td style="text-align: justify; padding-left: 10pt"><span id="xdx_F1E_znQ6xFCWTzD8"> The Fund’s adviser, Dean Investment Associates, LLC (the “Adviser”), has contractually agreed to waive its management fee and/or reimburse the Fund’s other expenses in order to limit total annual Fund operating expenses to 0.70% of the Fund’s average daily net assets through <span id="xdx_904_eoef--FeeWaiverOrReimbursementOverAssetsDateOfTermination_c20260729__20260729__dei--LegalEntityAxis__custom--S000078852Member_zPz7ZoTIvOne">July 31, 2027</span> (excluding portfolio transaction and other investment-related costs (including brokerage fees and commissions); taxes; borrowing costs (such as interest and dividend expenses on securities sold short); acquired fund fees and expenses; fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including for example option and swap fees and expenses); any amounts payable pursuant to a distribution or service plan adopted in accordance with Rule 12b-1 under the Investment Company Act of 1940, as amended; expenses incurred in connection with any merger or reorganization; extraordinary expenses (such as litigation expenses, indemnification of Trust officers and Trustees and contractual indemnification of Fund service providers); and other expenses that the Trustees agree have not been incurred in the ordinary course of the Fund’s business). This expense cap may not be terminated prior to this date except by the Board upon sixty days’ written notice to the Adviser. Each fee waiver/expense payment by the Adviser is subject to recoupment by the Adviser from the Fund in the three years following the date the particular fee waiver/expense payment occurred, but only if such recoupment can be achieved without exceeding the annual expense limitation in effect at the time of the fee waiver/expense payment and any expense limitation in effect at the time of recoupment. </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> -0.0010 July 31, 2027 Expense Example: <p id="xdx_A8F_eoef--ExpenseExampleNarrativeTextBlock_zp3Ou6YBYGRg" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <span id="xdx_90D_eoef--ExpenseExampleByYearCaption_c20260729__20260729__dei--LegalEntityAxis__custom--S000078852Member_zc4zKdlDka8">The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <div id="xdx_A8D_eoef--ExpenseExampleWithRedemptionTableTextBlock_zF7vlIu0MdC9"></div> <table cellpadding="0" cellspacing="0" id="xdx_A50_dU_zwH89a9WvYrc" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Expense Example"> <tr> <td id="xdx_489_eoef--ExpenseExampleYear01_z1NDfeDAJwF5" style="white-space: nowrap; width: 16%"> <p style="border-bottom: black 0.75pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0">1 Year</p></td> <td style="width: 14%"> </td> <td id="xdx_480_eoef--ExpenseExampleYear03_z9pVit0BPOc9" style="white-space: nowrap; width: 14%"> <p style="border-bottom: black 0.75pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0">3 Years</p></td> <td style="width: 14%"> </td> <td id="xdx_480_eoef--ExpenseExampleYear05_z5CpL4eExNDk" style="white-space: nowrap; width: 14%"> <p style="border-bottom: black 0.75pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0">5 Years</p></td> <td style="width: 14%"> </td> <td id="xdx_48F_eoef--ExpenseExampleYear10_zLfLJCivJnjj" style="white-space: nowrap; width: 14%"> <p style="border-bottom: black 0.75pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0">10 Years</p></td></tr> <tr id="xdx_417_20260729__20260729__dei--LegalEntityAxis__custom--S000078852Member__oef--ClassAxis__custom--C000239618Member_zZQn1PpyWqmj" style="background-color: #CCEEFF"> <td style="text-align: center"><span style="font-size: 10pt">$72</span></td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt">$245</span></td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt">$434</span></td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt">$980</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i> </i></p> 72 245 434 980 Portfolio Turnover <p id="xdx_A8F_eoef--PortfolioTurnoverTextBlock_zsxQC2miCJGe" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the Example above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was <span id="xdx_907_eoef--PortfolioTurnoverRate_dp_c20260729__20260729__dei--LegalEntityAxis__custom--S000078852Member_zWhhIEJLeLkk">30%</span> of the average value of its portfolio.</p> 0.30 Principal Investment Strategies <p id="xdx_A83_eoef--StrategyNarrativeTextBlock_zPLBgQckmtu" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund primarily invests in equity securities of U.S. large cap companies. The Fund considers “large cap” companies to be those with market capitalizations similar to companies listed on the Russell 1000^® Value Index at the time of investment. As of March 31, 2026, the market capitalization of companies listed on the Russell 1000^® Value Index ranged from $907.1 million to $3.5 trillion and the median was $14.8 billion.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Using fundamental, bottom-up research, the Fund’s portfolio manager utilizes a multi-factored valuation method to identify stocks of large cap companies that he believes are undervalued at the time of purchase. To identify these companies, the Fund’s portfolio manager looks for companies with earnings, cash flows and/or assets that he believes are not accurately reflected in the companies’ market values. The portfolio manager also considers various ratios, including the price-to-earnings or price-to-book value ratios and whether the companies’ securities have a favorable dividend and/or interest-paying history and whether such payments are expected to continue. The portfolio manager attempts to purchase the stocks of these undervalued companies and hold each stock until it has returned to favor in the market and the price has increased to, or is higher than, a level the portfolio manager believes more accurately reflects the fair value of the company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund seeks to preserve capital in down markets and to diversify its portfolio in traditional, as well as relative, value-oriented investments. The Fund may from time to time overweight its investments in certain market sectors.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Under normal circumstances, the Fund invests at least 80% of its total assets (plus borrowings for investment purposes) in equity securities of U.S. large cap companies. This policy may be changed only upon at least 60 days’ advance notice to shareholders. Equity securities in which the Fund may invest include common stocks, securities convertible into common stocks (such as convertible bonds, convertible preferred stocks and warrants), equity real estate investment trusts (“REITs”), and master limited partnership interests (“MLPs”). The Fund may invest in the applicable securities directly, or indirectly through other investment companies (including exchange-traded funds) that invest primarily in such securities. The Fund may also invest in high grade government bonds of varying maturities, typically one to ten years. The Fund may from time to time overweight its investments in certain market sectors.</p> <p id="xdx_A8B_eoef--RiskTextBlock_zmvG0K2Phhrk" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">All investments involve risks, and the Fund cannot guarantee that it will achieve its investment objective. <span id="xdx_903_eoef--RiskTextBlock_c20260729__20260729__dei--LegalEntityAxis__custom--S000078852Member__oef--RiskAxis__oef--RiskNotInsuredMember_z34N79CHKIwe">An investment in the Fund is not insured or guaranteed by any government agency.</span> <span id="xdx_906_eoef--RiskTextBlock_c20260729__20260729__dei--LegalEntityAxis__custom--S000078852Member__oef--RiskAxis__oef--RiskLoseMoneyMember_zPAyqqe22EWk">As with any mutual fund investment, the Fund’s returns and share price will fluctuate, and you may lose money by investing in the Fund.</span> Below are some of the specific risks of investing in the Fund.</p> An investment in the Fund is not insured or guaranteed by any government agency. As with any mutual fund investment, the Fund’s returns and share price will fluctuate, and you may lose money by investing in the Fund. <div id="xdx_A8E_eoef--RiskTextBlock_hoef--RiskAxis__custom--MarketAndGeopoliticalRiskMember_zTcjIu0CRb9"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Market and Geopolitical Risk</b>. The increasing interconnectivity between global economies and financial markets increases the likelihood that events or conditions in one region or financial market may adversely impact issuers in a different country, region or financial market. Securities in the Fund’s portfolio may underperform due to inflation (or expectations for inflation), interest rates, global demand for particular products or resources, natural disasters, climate change and climate-related events, pandemics, epidemics, terrorism, tariffs and trade wars, international conflicts, regulatory events and governmental or quasi-governmental actions. The occurrence of global events similar to those in recent years may result in market volatility and may have long term effects on both the U.S. and global financial markets. It is not known how long such impacts, or any future impacts of other significant events described above, will or would last, but there could be a prolonged period of global economic slowdown, which may impact your Fund investment. Therefore, the Fund could lose money over short periods due to short-term market movements and over longer periods during more prolonged market downturns. During a general market downturn, multiple asset classes may be negatively affected. Changes in market conditions and interest rates can have the same impact on all types of securities and instruments. In times of severe market disruptions, you could lose your entire investment.</td></tr></table> <div id="xdx_A8D_eoef--RiskTextBlock_hoef--RiskAxis__custom--LargeCapCompanyRiskMember_ztshiLjVGLEj"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Large Cap Company Risk.</b> Larger, more established companies may be unable to attain the high growth rates of successful, smaller companies during periods of economic expansion.</td></tr></table> <div id="xdx_A87_eoef--RiskTextBlock_hoef--RiskAxis__custom--ActiveManagementRiskMember_z2pG0b1Ermja"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Active Management Risk.</b> The portfolio manager’s judgments about the attractiveness, growth prospects and value of a particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that individual companies will perform as anticipated.</td></tr></table> <div id="xdx_A8E_eoef--RiskTextBlock_hoef--RiskAxis__custom--SectorConcentrationRiskMember_zbXag4i8Svo"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Sector Concentration Risk.</b> The Fund may focus its investments in securities of a particular sector. Economic, legislative or regulatory developments may occur that significantly affect the sector. This may cause the Fund’s net asset value (“NAV”) to fluctuate more than that of a fund that does not focus in a particular sector.</td></tr></table> <div id="xdx_A85_eoef--RiskTextBlock_hoef--RiskAxis__custom--REITRiskMember_zpPx6cjWkg89"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>REIT Risk.</b> The value of REITs can be negatively impacted by declines in the value of real estate, adverse general and local economic conditions and environmental problems. REITs are also subject to certain other risks related specifically to their structure and focus, such as: (a) dependency upon management’s skills; (b) limited diversification; (c) heavy cash flow dependency; (d) possible default by borrowers; and (e) in many cases, less liquidity and greater price volatility.</td></tr></table> <div id="xdx_A86_eoef--RiskTextBlock_hoef--RiskAxis__custom--PubliclyTradedMasterLimitedPartnershipRiskMember_zDfUEdbnI4ah"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-size: 9.5pt"><b>Publicly Traded Master Limited Partnership Risk. </b>Investments in publicly traded MLPs are subject to various risks related to the underlying operating companies controlled by the MLPs, including dependence upon specialized management skills and the risk that the underlying companies may lack or have limited operating histories. The success of the Fund’s investments also will vary depending on the underlying industry represented by the MLP’s portfolio. For example, when the Fund invests in MLPs that invest in oil and gas companies, its return on the investment will be highly dependent on oil and gas prices, which can be highly volatile. Similarly, MLPs that invest in real estate typically are subject to risks similar to those of a REIT. Unlike ownership of common stock of a corporation, the Fund would have limited voting rights and have no ability annually to elect directors in connection with its investment in an MLP.</span></td></tr></table> <div id="xdx_A89_eoef--RiskTextBlock_hoef--RiskAxis__custom--MLPTaxRiskMember_zoBVItOfnw2k"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-size: 9.5pt"><b>MLP Tax Risk</b>. MLPs, typically, do not pay U.S. federal income tax at the partnership level. Instead, each partner is allocated a share of the partnership’s income, gains, losses, deductions and expenses. A change in current tax law or in the underlying business mix of a given MLP could result in an MLP being treated as a corporation for U.S. federal income tax purposes, which would result in the MLP being required to pay U.S. federal income tax on its taxable income. The classification of an MLP as a corporation for U.S. federal income tax purposes would have the effect of reducing the amount of cash available for distribution by the MLP. Thus, if any of the MLPs owned by the Fund were treated as corporations for U.S. federal income tax purposes, it could result in a reduction of the value of your investment in the Fund and lower income, as compared to an MLP that is not taxed as a corporation. In addition, if the Fund retains an MLP investment until basis is reduced to zero, subsequent distributions from the MLP will be taxable to the Fund at ordinary income rates. If an MLP in which the Fund invests amends its partnership tax return, shareholders may receive a corrected 1099 from the Fund which could in turn require shareholders to amend their own federal, state or local tax return. The Fund will not invest in MLP general partnership interests.</span></td></tr></table> <div id="xdx_A8F_eoef--RiskTextBlock_hoef--RiskAxis__custom--FixedIncomeSecuritiesRiskMember_zwraui2GU5Rh"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Fixed Income Securities Risk.</b> If interest rates increase, the value of any fixed income securities held by the Fund may decline. Fixed income securities are also subject to credit risk, which is the risk that the issuer of the security may default on payment of principal or interest.</td></tr></table> <div id="xdx_A89_eoef--RiskTextBlock_hoef--RiskAxis__custom--USGovernmentSecuritiesRiskMember_zGiBAy3VVaf5"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>U.S. Government Securities Risk.</b> It is possible that the U.S. Government would not provide financial support to its agencies or instrumentalities if it is not required to do so by law. If a U.S. Government agency or instrumentality in which the Fund invests defaults, and the U.S. Government does not stand behind the obligation, the Fund’s share price or yield could fall. Securities of certain U.S. Government sponsored entities, such as Freddie Mac or Fannie Mae, are neither issued nor guaranteed by the U.S. Government.</td></tr></table> <div id="xdx_A88_eoef--RiskTextBlock_hoef--RiskAxis__custom--IssuerCybersecurityRiskMember_zs4mF59O2Iac"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Issuer Cybersecurity Risk.</b> Issuers of securities in which the Fund invests, counterparties with which the Fund engages in transactions, exchange and other financial market participants, such as banks, brokers, dealers and other financial institutions may experience cybersecurity breaches. These breaches may result in harmful disruptions to operations and may negatively impact the financial condition of an issuer or market participant. The Fund and its shareholders could be negatively impacted as a result.</td></tr></table> Performance <p id="xdx_A8F_eoef--PerformanceNarrativeTextBlock_zan9XnQ4a8Cb" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_907_eoef--PerformanceInformationIllustratesVariabilityOfReturns_c20260729__20260729__dei--LegalEntityAxis__custom--S000078852Member_zdwYkdJ1PqV3">The bar chart below shows how the Fund’s investment results have varied from year to year. The table below shows how the Fund’s average annual total returns compare over time to those of a broad-based securities market index and a secondary performance index.</span> This information provides some indication of the risks of investing in the Fund. <span id="xdx_904_eoef--PerformancePastDoesNotIndicateFuture_c20260729__20260729__dei--LegalEntityAxis__custom--S000078852Member_zGHev1BOb4je">Past performance of the Fund is not necessarily an indication of how it will perform in the future.</span></p> The bar chart below shows how the Fund’s investment results have varied from year to year. The table below shows how the Fund’s average annual total returns compare over time to those of a broad-based securities market index and a secondary performance index. Past performance of the Fund is not necessarily an indication of how it will perform in the future. <p id="xdx_A87_eoef--BarChartTableTextBlock_zG4TjCAX1Ii4" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><img alt="" src="image_011.gif" style="height: 275px; width: 481px"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></p> <div></div> <table cellpadding="0" cellspacing="0" id="xdx_A5C_dU_znvyFOtxeQ3i" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Annual Total Returns"> <tr style="display: none; vertical-align: bottom; text-align: center"> <th style="display: none; text-align: center">Years</th> <th style="display: none; text-align: center">Returns</th></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center; width: 50%">2023</td> <td id="xdx_982_eoef--AnnlRtrPct_c20230101__20231231__oef--ClassAxis__custom--C000239618Member_zqBAvjT26sD3" style="display: none; text-align: center; width: 50%">2.30%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">2024</td> <td id="xdx_98B_eoef--AnnlRtrPct_c20240101__20241231__oef--ClassAxis__custom--C000239618Member_zLMbBmeAuZhg" style="display: none; text-align: center">11.17%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">2025</td> <td id="xdx_98E_eoef--AnnlRtrPct_c20250101__20251231__oef--ClassAxis__custom--C000239618Member_zJvFdKbj74Di" style="display: none; text-align: center">6.01%</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> 0.0230 0.1117 0.0601 <p id="xdx_A82_eoef--BarChartClosingTextBlock_zSBQjhtMDS27" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="a_Toc111800284"></span><span id="a_Toc137113509"></span>During the period shown in the bar chart, <span id="xdx_90D_eoef--HighestQuarterlyReturnLabel_c20260729__20260729__dei--LegalEntityAxis__custom--S000078852Member_zPmimS24esTj">the highest return for a quarter</span> was <span id="xdx_90A_eoef--BarChartHighestQuarterlyReturn_c20260729__20260729__dei--LegalEntityAxis__custom--S000078852Member_zuh0rdgpcgU2">11.01%</span> for the quarter ended <span id="xdx_90D_eoef--BarChartHighestQuarterlyReturnDate_c20260729__20260729__dei--LegalEntityAxis__custom--S000078852Member_z7knzHWg4oxg">September 30, 2024</span>, and <span id="xdx_90C_eoef--LowestQuarterlyReturnLabel_c20260729__20260729__dei--LegalEntityAxis__custom--S000078852Member_zLFDf1rWA2md">the lowest return for a quarter</span> was <span id="xdx_906_eoef--BarChartLowestQuarterlyReturn_c20260729__20260729__dei--LegalEntityAxis__custom--S000078852Member_zO4x67q8DBEd">(4.48)%</span> for the quarter ended <span id="xdx_906_eoef--BarChartLowestQuarterlyReturnDate_c20260729__20260729__dei--LegalEntityAxis__custom--S000078852Member_zXT1qIZuOARe">September 30, 2023</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_90C_eoef--YearToDateReturnLabel_c20260729__20260729__dei--LegalEntityAxis__custom--S000078852Member_zH305D2xeI3f">The Fund’s year to date return</span> as of <span id="xdx_90F_eoef--BarChartYearToDateReturnDate_c20260729__20260729__dei--LegalEntityAxis__custom--S000078852Member_zuXGUXK4YxI4">June 30, 2026</span> was <span id="xdx_900_eoef--BarChartYearToDateReturn_c20260729__20260729__dei--LegalEntityAxis__custom--S000078852Member_zQ76OUsA7rS4">9.70%</span>. </p> the highest return for a quarter 0.1101 2024-09-30 the lowest return for a quarter -0.0448 2023-09-30 The Fund’s year to date return 2026-06-30 0.0970 Average Annual Total Returns for periods ending December 31, 2025: <div id="xdx_A88_eoef--PerformanceTableTextBlock_zywjQTd0Di6e"></div> <table cellpadding="0" cellspacing="0" id="xdx_A50_dU_zSV9HR7rPf61" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Average Annual Total Returns"> <tr> <td style="border-top: Black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; width: 73%"><span style="font-size: 10pt"><b>Dean Equity Income Fund</b> </span></td> <td style="border-top: Black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: bottom; width: 2%"> </td> <td id="xdx_497_20250101__20251231_zJSXSKjkUBDf" style="border-top: Black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 11%; text-align: center"><span style="font-size: 10pt"><b>1 Year</b></span></td> <td style="border-top: Black 1pt solid; border-bottom: black 1pt solid; width: 2%"> </td> <td id="xdx_496_20221122__20251231_z8TJS6ckGkEj" style="border-top: Black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 12%; text-align: center"><span style="font-size: 10pt"><b>Since Inception (<span id="xdx_90F_eoef--PerfInceptionDate_c20260729__20260729__oef--ClassAxis__custom--C000239618Member_zF7CaCkw0GWb">11/22/2022</span>)</b></span></td></tr> <tr id="xdx_402_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000239618Member_zxxPac2Vuqyk" style="background-color: #CCEEFF"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 0.25in; text-indent: -12pt"><span style="font-size: 10pt"><span id="xdx_904_eoef--AverageAnnualReturnLabel_c20260729__20260729__oef--ClassAxis__custom--C000239618Member_zfiH9LBPM6ec">Return Before Taxes</span></span></td> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: bottom"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">6.01%</span></td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">5.69%</span></td></tr> <tr id="xdx_405_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000239618Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_zSNverb6vqol"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 0.25in; text-indent: -12pt"><span style="font-size: 10pt">Return After Taxes on Distributions</span></td> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: bottom"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">4.96%</span></td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">4.66%</span></td></tr> <tr id="xdx_400_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000239618Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zs0scqZpg3Wb" style="background-color: #CCEEFF"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 0.25in; text-indent: -12pt"><span style="font-size: 10pt">Return After Taxes on Distributions and Sale of Fund Shares</span></td> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: bottom"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">4.30%</span></td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">4.32%</span></td></tr> <tr> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt"><b>Russell 1000</b>^® <b>Index¹</b></span></td> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: bottom"> </td> <td id="xdx_98F_eoef--AvgAnnlRtrPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000239618Member__oef--PerformanceMeasureAxis__custom--Russell1000IndexMember_fMSCW_zk8SbFDhfpj4" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">17.37%</span></td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_981_eoef--AvgAnnlRtrPct_dp_c20221122__20251231__oef--ClassAxis__custom--C000239618Member__oef--PerformanceMeasureAxis__custom--Russell1000IndexMember_fMSCW_zJwzYRpOQ8Qe" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">20.32%</span></td></tr> <tr style="background-color: #CCEEFF"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt"><b>Russell 1000</b>^® <b>Value Index²</b></span></td> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: bottom"> </td> <td id="xdx_980_eoef--AvgAnnlRtrPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000239618Member__oef--PerformanceMeasureAxis__custom--Russell1000IValuendexMember_fMiCW_zViKx1dmoYcd" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">15.91%</span></td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_980_eoef--AvgAnnlRtrPct_dp_c20221122__20251231__oef--ClassAxis__custom--C000239618Member__oef--PerformanceMeasureAxis__custom--Russell1000IValuendexMember_fMiCW_zvg9jy2U03Sk" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">12.43%</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; padding-left: 10pt; text-indent: -10pt; width: 9pt"><span id="xdx_F0E_zG07rCTxtSAa">1 –</span></td> <td style="text-align: justify; padding-left: 10pt"><span id="xdx_F14_zUoNvTA28Vn1"> The Fund’s primary index, the Russell 1000^® Index, is included due to regulatory requirements for broad-based index comparison. The Russell 1000^® Index measures the performance of the large-cap segment of the US equity universe. It is a subset of the Russell 3000^® Index and includes approximately 1,000 of the largest securities based on a combination of their market cap and current index membership. The Russell 1000^® represents approximately 93% of the Russell 3000^® Index, as of the most recent reconstitution. The Russell 1000^® Index is constructed to provide a comprehensive and unbiased barometer for the large-cap segment and is completely reconstituted annually to ensure new and growing equities are included.</span></td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; padding-left: 10pt; text-indent: -10pt; width: 9pt"><span id="xdx_F05_zfunKIY7q6X4">2 –</span></td> <td style="text-align: justify; padding-left: 10pt"><span id="xdx_F14_zcqgBkWfPeyd"> The Russell 1000^® Value Index is an unmanaged index of common stock prices that measure the performance of those Russell 1000^® companies with lower price to book ratios and lower relative forecasted growth rates. The Russell 1000^® Index is representative of a broader market and range of securities than are found in the Fund’s portfolio. Index returns assume reinvestment of all distributions and do not reflect the deduction of taxes and fees. Individuals cannot invest directly in an index; however, an individual may invest in exchange-traded funds or other investment vehicles that attempt to track the performance of a benchmark index.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> 2022-11-22 Return Before Taxes 0.0601 0.0569 0.0496 0.0466 0.0430 0.0432 0.1737 0.2032 0.1591 0.1243 <p id="xdx_A8A_eoef--PerformanceTableClosingTextBlock_zPTgmoZQdj5k" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_90A_eoef--PerformanceTableUsesHighestFederalRate_c20260729__20260729__dei--LegalEntityAxis__custom--S000078852Member_znxgRd8B51r7">After-tax returns are calculated using the historical highest individual federal income tax rates in effect and do not reflect the impact of state and local taxes.</span> <span id="xdx_905_eoef--PerformanceTableNotRelevantToTaxDeferred_c20260729__20260729__dei--LegalEntityAxis__custom--S000078852Member_zSWq05uOeu1e">Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs.</span></p> After-tax returns are calculated using the historical highest individual federal income tax rates in effect and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs. The Fund’s primary index, the Russell 3000® Index, is included due to regulatory requirements for broad-based index comparison. The Russell 3000® Index measures the performance of the largest 3,000 US companies representing approximately 96% of the investable US equity market, as of the most recent reconstitution. The Russell 3000® Index is constructed to provide a comprehensive, unbiased and stable barometer of the broad market and is completely reconstituted annually to ensure new and growing equities are included. The Russell 3000® Index is representative of a broader market and range of securities than are found in the Fund’s portfolio. Individuals cannot invest directly in an index. The Russell 2000® Index is an equity index that measures the performance of the 2,000 smallest companies in the Russell 3000® Index, which is made up of 3,000 of the largest U.S. companies. The Russell 2000® Value Index is an unmanaged index of common stock prices that measures the performance of those Russell 2000 companies with lower price-to-book ratios and lower relative forecasted growth rates. The indices are representative of a broader market and range of securities than are found in the Fund’s portfolio. Individuals cannot invest directly in an index; however, an individual can invest in exchange-traded funds or other investment vehicles that attempt to track the performance of a benchmark index. The Fund’s adviser, Dean Investment Associates, LLC (the “Adviser”), has contractually agreed to waive its management fee and/or reimburse the Fund’s other expenses in order to limit total annual Fund operating expenses to 0.85% of the Fund’s average daily net assets through July 31, 2027 (excluding portfolio transaction and other investment-related costs (including brokerage fees and commissions); taxes; borrowing costs (such as interest and dividend expenses on securities sold short); acquired fund fees and expenses; fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including for example option and swap fees and expenses); any amounts payable pursuant to a distribution or service plan adopted in accordance with Rule 12b-1 under the Investment Company Act of 1940, as amended; expenses incurred in connection with any merger or reorganization; extraordinary expenses (such as litigation expenses, indemnification of Trust officers and Trustees and contractual indemnification of Fund service providers); and other expenses that the Trustees agree have not been incurred in the ordinary course of the Fund’s business). This expense cap may not be terminated prior to this date except by the Board upon sixty days’ written notice to the Adviser. Each fee waiver/expense payment by the Adviser is subject to recoupment by the Adviser from the Fund in the three years following the date the particular fee waiver/expense payment occurred, but only if such recoupment can be achieved without exceeding the annual expense limitation in effect at the time of the fee waiver/expense payment and any expense limitation in effect at the time of recoupment. The Fund’s primary index, the Russell 3000® Index, is included due to regulatory requirements for broad-based index comparison. The Russell 3000® Index measures the performance of the largest 3,000 US companies representing approximately 96% of the investable US equity market, as of the most recent reconstitution. The Russell 3000® Index is constructed to provide a comprehensive, unbiased and stable barometer of the broad market and is completely reconstituted annually to ensure new and growing equities are included. The Russell 3000® Index is representative of a broader market and range of securities than are found in the Fund’s portfolio. Individuals cannot invest directly in an index. The Russell Midcap® Index is a market capitalization weighted index representing the smallest 800 companies in the Russell 1000® Index. The Russell Midcap® Value Index is an unmanaged index of common stock prices that measures the performance of those Russell Midcap companies with lower price-to-book ratios and lower forecasted growth values. The indices are representative of a broader market and range of securities than are found in the Fund’s portfolio. An individual cannot invest directly in an index. However, an individual may be able to invest in exchange traded funds or other investment vehicles that attempt to track the performance of an index. The Fund’s adviser, Dean Investment Associates, LLC (the “Adviser”), has contractually agreed to waive its management fee and/or reimburse the Fund’s other expenses in order to limit total annual Fund operating expenses to 0.70% of the Fund’s average daily net assets through July 31, 2027 (excluding portfolio transaction and other investment-related costs (including brokerage fees and commissions); taxes; borrowing costs (such as interest and dividend expenses on securities sold short); acquired fund fees and expenses; fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including for example option and swap fees and expenses); any amounts payable pursuant to a distribution or service plan adopted in accordance with Rule 12b-1 under the Investment Company Act of 1940, as amended; expenses incurred in connection with any merger or reorganization; extraordinary expenses (such as litigation expenses, indemnification of Trust officers and Trustees and contractual indemnification of Fund service providers); and other expenses that the Trustees agree have not been incurred in the ordinary course of the Fund’s business). This expense cap may not be terminated prior to this date except by the Board upon sixty days’ written notice to the Adviser. Each fee waiver/expense payment by the Adviser is subject to recoupment by the Adviser from the Fund in the three years following the date the particular fee waiver/expense payment occurred, but only if such recoupment can be achieved without exceeding the annual expense limitation in effect at the time of the fee waiver/expense payment and any expense limitation in effect at the time of recoupment. The Fund’s primary index, the Russell 1000® Index, is included due to regulatory requirements for broad-based index comparison. The Russell 1000® Index measures the performance of the large-cap segment of the US equity universe. It is a subset of the Russell 3000® Index and includes approximately 1,000 of the largest securities based on a combination of their market cap and current index membership. The Russell 1000® represents approximately 93% of the Russell 3000® Index, as of the most recent reconstitution. The Russell 1000® Index is constructed to provide a comprehensive and unbiased barometer for the large-cap segment and is completely reconstituted annually to ensure new and growing equities are included. The Russell 1000® Value Index is an unmanaged index of common stock prices that measure the performance of those Russell 1000® companies with lower price to book ratios and lower relative forecasted growth rates. The Russell 1000® Index is representative of a broader market and range of securities than are found in the Fund’s portfolio. Index returns assume reinvestment of all distributions and do not reflect the deduction of taxes and fees. Individuals cannot invest directly in an index; however, an individual may invest in exchange-traded funds or other investment vehicles that attempt to track the performance of a benchmark index.