Advisors Capital Small/Mid Cap Fund
			Schedule of Investments
			June 30, 2026 (Unaudited)
Shares							Fair Value	% of Net Assets
COMMON STOCKS
Abrasive, Asbestos & Miscellaneous Nonmetallic Mineral Products
34,000		Owens Corning					$   5,404,640		4.13%
Ball & Roller Bearings
12,800		RBC Bearings Incorporated *					8,243,968
39,000		The Timken Company					5,667,480
							13,911,448		10.64%
Glass Containers
138,200		Stevanato Group S.p.A. (Italy)					2,497,274		1.91%
Industrial & Commercial Fans & Blowers & Air Purifying Equipment
30,700		Donaldson Company, Inc.					2,755,939		2.11%
Investment Advice
13,900		Evercore Inc. - Class A					4,746,016
34,504		PJT Partners Inc. - Class A					5,208,034
							9,954,050		7.61%
Laboratory Analytical Instruments
288,800		Avantor, Inc. *					2,859,120		2.19%
Miscellaneous Food Preparations & Kindred Products
183,200		Utz Brands, Inc. - Class A					1,410,640		1.08%
Operative Builders
24,700		Toll Brothers, Inc.					4,069,325		3.11%
Plastic Foam Products
21,200		Advanced Drainage Systems, Inc.					3,327,552		2.54%
Real Estate Agents & Managers (For Others)
24,200		FirstService Corp. (Canada)					3,439,062
18,600		Jones Lang LaSalle Incorporated *					5,765,070
							9,204,132		7.04%
Retail - Auto Dealers & Gasoline Stations
10,600		Casey's General Stores, Inc.					8,424,774		6.44%
Security Brokers, Dealers & Flotation Companies
104,100		Virtu Financial, Inc. - Class A					6,201,237		4.74%
Services - Computer Processing & Data Preparation
187,000		QXO, Inc. *					3,231,360		2.47%
Services - Detective, Guard & Armored Car Services
25,500		Allegion PLC (Ireland)					3,582,495		2.74%
Services - Medical Laboratories
135,000		Castle Biosciences, Inc. *					3,219,750		2.46%
Services - Miscellaneous Amusement & Recreation
8,100		Madison Square Garden Sports Corp. - Class A *					3,254,904		2.49%
Services - Prepackaged Software
14,100		AppFolio, Inc. - Class A *					2,260,935
40,300		Guidewire Software, Inc. *					4,958,915
48,300		nCino, Inc. *					789,705
72,300		Procore Technologies, Inc. *					2,936,826
35,500		ServiceTitan, Inc. - Class A *					2,510,205
							13,456,586		10.29%
State Commercial Banks
79,100		Coastal Financial Corporation *					6,131,041
13,800		Wintrust Financial Corporation					2,217,936
							8,348,977		6.39%
Surgical & Medical Instruments & Apparatus
105,400		AtriCure, Inc. *					2,949,092
34,300		Solventum Corp. *					2,646,245
							5,595,337		4.28%
Television Broadcasting Stations
61,700		Atlanta Braves Holdings, Inc. - Series C *					3,202,230
45,000		Versant Media Group, Inc. - Class A					1,620,450
							4,822,680		3.69%
Title Insurance
33,900		First American Financial Corporation					2,325,201		1.78%
Transportation Services
55,300		GXO Logistics, Inc. *					2,803,710		2.14%
Wholesale - Hardware & Plumbing & Heating Equipment & Supplies
11,200		Watsco, Inc.					4,667,376		3.57%
Wholesale - Miscellaneous Durable Goods
16,900		Pool Corporation					3,631,810		2.78%
Total for Common Stocks (Cost - $103,914,915)							128,960,317		98.62%
MONEY MARKET FUNDS
2,033,293		Goldman Sachs Financial Square Government Fund
		Institutional Class 3.53% **					2,033,293		1.56%
Total For Money Market Funds (Cost - $2,033,293)
		Total Investments					130,993,610		100.18%
		(Cost - $105,948,208)
		Liabilities in Excess of Other Assets					(240,336)		-0.18%
		Net Assets					$130,753,274		100.00%
* Non-Income Producing Security.
** The Yield shown represents the 7-day yield at June 30, 2026.