Aristotle/Saul Global Equity Fund
Schedule of Investments
June 30, 2026 (Unaudited)
COMMON STOCKS - 92.1%									Shares						Value
Austria - 2.6%
Erste Group Bank AG									5,300						$        709,129
Canada - 4.2%
Brookfield Corp.									15,720						670,698
Cameco Corp.									4,700						479,064
															1,149,762
France - 4.0%
LVMH Moet Hennessy Louis Vuitton SE									550						304,222
TotalEnergies SE									10,293						800,083
															1,104,305
Germany - 4.9%
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen									1,370						764,677
Nemetschek SE									5,150						312,460
Symrise AG									2,600						260,891
															1,338,028
Hong Kong - 3.5%
AIA Group Ltd.									43,940						400,303
Techtronic Industries Co. Ltd.									33,500						553,147
															953,450
Ireland - 3.7%
Jazz Pharmaceuticals PLC (a)									2,900						698,813
Medtronic PLC									4,000						312,920
															1,011,733
Japan - 15.0%
Daikin Industries Ltd.									3,700						561,730
FANUC Corp.									10,500						474,969
ITOCHU Corp.									44,200						503,993
Mitsubishi UFJ Financial Group, Inc.									27,600						544,378
MonotaRO Co. Ltd.									37,100						423,377
Otsuka Holdings Co. Ltd.									10,600						704,407
Pan Pacific International Holdings Corp.									69,800						353,304
Sony Group Corp.									28,600						576,943
															4,143,101
Mexico - 1.9%
Wal-Mart de Mexico SAB de CV									183,236						537,108
Netherlands - 1.1%
Heineken NV									3,500						294,333
Singapore - 3.4%
DBS Group Holdings Ltd.									18,320						926,089
Sweden - 1.4%
Assa Abloy AB - Class B									10,800						381,372

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Switzerland - 2.6%
Alcon AG									6,400						432,475
DSM-Firmenich AG									3,100						293,990
															726,465
United Kingdom - 3.3%
GSK PLC									20,100						528,169
Rentokil Initial PLC									68,700						388,749
															916,918
United States - 40.5% (b)
Adobe, Inc. (a)									1,200						246,024
Alphabet, Inc. - Class C									2,800						989,324
Amgen, Inc.									1,850						669,922
Capital One Financial Corp.									2,600						521,612
Chevron Corp.									2,300						381,248
Coca-Cola Co.									6,900						560,763
FirstCash Holdings, Inc.									4,800						1,038,336
General Dynamics Corp.									1,500						531,360
Lennar Corp. - Class A									7,290						659,672
Lowe's Cos., Inc.									2,300						507,127
Martin Marietta Materials, Inc.									1,300						749,710
Microchip Technology, Inc.									8,000						729,600
Microsoft Corp.									1,900						708,738
Norwegian Cruise Line Holdings Ltd. (a)									15,300						322,983
Oshkosh Corp.									4,380						672,242
Procter & Gamble Co.									2,550						373,932
QUALCOMM, Inc.									3,250						600,568
RPM International, Inc.									3,900						433,485
Uber Technologies, Inc. (a)									6,400						461,824
															11,158,470
TOTAL COMMON STOCKS (Cost $15,438,267)															25,350,263
PREFERRED STOCKS - 5.1%									Shares						Value
South Korea - 5.1%
Samsung Electronics Co. Ltd., 0.00%									10,200						1,395,727
TOTAL PREFERRED STOCKS (Cost $206,070)															1,395,727
TOTAL INVESTMENTS - 97.2% (Cost $15,644,337)															26,745,990
Money Market Deposit Account - 2.2% (c)															593,120
Other Assets in Excess of Liabilities - 0.6%												0.00685			188,648
TOTAL NET ASSETS - 100.0%															$        27,527,758
Percentages are stated as a percent of net assets.

(a)						Non-income producing security.
(b)						To the extent that the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting such country or region.
(c)						The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and is subject to change daily. The rate as of June 30, 2026 was 3.45%.

Summary of Fair Value Disclosure as of June 30, 2026 (Unaudited)

 

The Trust characterizes its investments as Level 1, Level 2, or Level 3 based upon the various inputs or methodologies used to value the investments. Utilizing the valuation procedures, the Valuation Oversight Committee ("VOC") determines the level in which each investment is characterized. The VOC includes finance,

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operations, legal, risk and compliance members of the Trust’s Adviser, and the Trust’s Chief Legal Officer and Chief Compliance Officer. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

•Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that a Fund has the ability to access.

•Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

•Level 3 – Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing a Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The VOC reviews the valuation procedure periodically (at least annually) to determine the appropriateness of the pricing methodologies used to value each Fund’s investments. The VOC also periodically evaluates how the Trust’s investments are characterized within the three-tier hierarchy and the appropriateness of third-party pricing sources. The VOC also periodically (at least annually) conducts back-testing of the value of various Level 2 and Level 3 investments to evaluate the effectiveness of the pricing methodologies including the unobservable inputs used to value those investments. Such back-testing includes comparing Level 2 and Level 3 investment values to subsequently available exchange traded prices, transaction prices, and/or observable vendor prices.

The inputs or methodologies used for characterizing each Fund’s investments within the three-tier hierarchy are not necessarily an indication of the relative risks associated with investing in those investments. Foreign equity investments that are modified to reflect the estimates of a change in value from the time of the closing valuation in the foreign market until the time of the NYSE close, in accordance with information provided by a foreign fair value service are reflected as Level 2. Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy.

The following is a summary of the inputs used, as of June 30, 2026, in valuing the Funds’ assets carried at fair value:

Level 1

Level 2

Level 3

Total

Investments:

Common Stocks

$        25,350,263

$        –

$        –

$        25,350,263

Preferred Stocks

1,395,727

–

–

1,395,727

Total Investments

$        26,745,990

$        –

$        –

$        26,745,990

						Refer to the Schedule of Investments for further disaggregation of investment categories.

Sector Classification as of June 30, 2026
(% of Net Assets)
Financials			$        5,575,222						20.4%
Industrials			4,952,763						17.8
Information Technology			3,993,117						14.5
Health Care			3,346,706						12.2
Consumer Discretionary			2,724,251						9.9
Consumer Staples			1,766,136						6.4
Materials			1,738,076						6.3
Energy			1,660,395						6.1
Communication Services			989,324						3.6
Other Assets in Excess of Liabilities			781,768						2.8
			$        27,527,758						100.0%

The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.