HODGES SMALL INTRINSIC VALUE FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2026

Shares		Fair Value
	COMMON STOCKS — 99.1%
	APPAREL & TEXTILE PRODUCTS - 4.9%
19,100	Kontoor Brands, Inc.	$ 1,591,794
32,500	Steven Madden Ltd.	1,368,250
		2,960,044
	AUTOMOTIVE - 5.0%
30,200	Cooper-Standard Holdings, Inc.^(a)	816,910
61,000	Garrett Motion, Inc.	2,210,030
		3,026,940
	BANKING - 14.2%
99,040	Banc of California, Inc.	2,023,387
29,740	Bank OZK	1,549,157
61,125	Bridgewater Bancshares, Inc.^(a)	1,286,070
17,850	Texas Capital Bancshares, Inc.	1,843,191
23,360	Triumph Financial, Inc.^(a)	1,782,602
		8,484,407
	BIOTECH & PHARMA - 1.8%
13,700	Halozyme Therapeutics, Inc.^(a)	1,072,299

	COMMERCIAL SUPPORT SERVICES - 3.1%
63,300	GEO Group, Inc. (The)^(a)	1,870,515

	CONSTRUCTION MATERIALS - 3.3%
8,850	Eagle Materials, Inc.	1,991,250

	CONTAINERS & PACKAGING - 2.1%
35,200	Myers Industries, Inc.	1,242,912

	ELECTRICAL EQUIPMENT - 3.5%
7,280	Powell Industries, Inc.	2,084,701

	ENGINEERING & CONSTRUCTION - 4.5%
7,900	Arcosa, Inc.	1,147,791
15,800	Primoris Services Corporation	1,566,096
		2,713,887

HODGES SMALL INTRINSIC VALUE FUND
SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
June 30, 2026

Shares		Fair Value
	COMMON STOCKS — 99.1% (Continued)
	HOTEL REIT - 2.7%
12,500	Ryman Hospitality Properties, Inc.	$ 1,606,875

	INDUSTRIAL INTERMEDIATE PRODUCTS – 2.7%
4,550	AZZ, Inc.	705,478
105,300	Hillman Solutions Corporation^(a)	888,732
		1,594,210
	INDUSTRIAL SUPPORT SERVICES - 1.2%
4,950	Herc Holdings, Inc.	709,533

	INSURANCE - 3.4%
6,310	Hanover Insurance Group, Inc. (The)	1,351,097
13,405	Horace Mann Educators Corporation	692,368
		2,043,465
	LEISURE FACILITIES & SERVICES - 1.8%
33,500	Cinemark Holdings, Inc.	1,062,955

	MACHINERY - 1.6%
8,200	AGCO Corporation	981,540

	METALS & MINING - 1.5%
184,400	Vox Royalty Corporation	872,212

	OIL & GAS PRODUCERS - 4.3%
7,665	Gulfport Energy Corporation^(a)	1,300,750
25,100	Matador Resources Company	1,249,478
		2,550,228
	OIL & GAS SERVICES & EQUIPMENT - 1.2%
27,100	Liberty Energy, Inc., Class A	709,749

	RETAIL - CONSUMER STAPLES - 2.2%
6,700	PriceSmart, Inc.	1,308,778

HODGES SMALL INTRINSIC VALUE FUND
SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
June 30, 2026

Shares		Fair Value
	COMMON STOCKS — 99.1% (Continued)
	RETAIL - DISCRETIONARY - 10.5%
53,100	Academy Sports & Outdoors, Inc.	$ 2,502,603
19,700	Citi Trends, Inc.^(a)	1,139,448
49,400	Haverty Furniture Companies, Inc.	1,261,182
15,550	Patrick Industries, Inc.	1,396,079
		6,299,312
	SEMICONDUCTORS - 5.1%
13,100	MaxLinear, Inc., Class A^(a)	1,677,193
5,350	Tower Semiconductor Ltd.^(a)	1,394,424
		3,071,617
	SOFTWARE - 1.0%
32,600	Alkami Technology, Inc.^(a)	590,712

	SPECIALTY FINANCE - 1.7%
5,750	GATX Corporation	1,018,842

	STEEL - 4.2%
118,370	Cleveland-Cliffs, Inc.^(a)	1,111,494
22,850	Commercial Metals Company	1,433,838
		2,545,332
	TECHNOLOGY HARDWARE - 5.9%
26,100	Aviat Networks, Inc.^(a)	579,420
12,400	Avnet, Inc.	1,101,368
20,600	Knowles Corporation^(a)	854,488
23,400	NCR Atleos Corporation^(a)	1,015,794
		3,551,070
	TRANSPORTATION & LOGISTICS - 4.8%
4,200	Kirby Corporation^(a)	571,074
62,000	Navigator Holdings Ltd.	1,155,060
2,800	Saia, Inc.^(a)	1,179,248
		2,905,382

HODGES SMALL INTRINSIC VALUE FUND
SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
June 30, 2026
Shares		Fair Value
	COMMON STOCKS — 99.1% (Continued)
	TRANSPORTATION EQUIPMENT - 0.9%
6,500	Blue Bird Corporation^(a)	$ 513,240

	TOTAL COMMON STOCKS (Cost $43,618,471)	59,382,007

	SHORT-TERM INVESTMENT — 0.7%
	MONEY MARKET FUND - 0.7%
426,444	First American Treasury Obligations Fund, Class X, 3.58% (Cost $426,444)^(b)	$ 426,444

	TOTAL INVESTMENTS - 99.8% (Cost $44,044,915)	$ 59,808,451
	OTHER ASSETS IN EXCESS OF LIABILITIES - 0.2%	111,240
	NET ASSETS - 100.0%	$ 59,919,691

Ltd.	- Limited Company
REIT	- Real Estate Investment Trust

^(a)	Non-income producing security.
^(b)	Rate disclosed is the seven day effective yield as of June 30, 2026.