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Fees and Expenses of the Fund The following table describes the fees and expenses you may pay if you buy, hold, and sell shares of the Fund (“Shares”). You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and Example below. <div id="xdx_A82_eoef--AnnualFundOperatingExpensesTableTextBlock_zg5GDTckQgkj"></div> <table cellpadding="0" cellspacing="0" id="xdx_A50_dU_zCUAhnxQmxwi" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Fund Operating Expenses"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td id="xdx_982_eoef--OperatingExpensesCaption_c20260828__20260828__dei--LegalEntityAxis__custom--S000093392Member_gBFOEC-KIR_zJ1O30VLEFzg" style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; width: 87%">Annual Fund Operating Expenses </td> <td id="xdx_49A_20260828__20260828__oef--ClassAxis__custom--C000261609Member_zg7BxC3oGVi" style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; width: 13%; text-align: center"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt">(expenses that you pay each year as a percentage of the value of your investment)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; text-align: center"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; display: none; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td></tr> <tr id="xdx_407_eoef--ManagementFeesOverAssets_dpn_zsZEcWWKNS94" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt">Management Fees</td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; text-align: center">0.78%</td></tr> <tr id="xdx_40C_eoef--OtherExpensesOverAssets_dpn_zKT3pKXJ7TI7" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt">Other Expenses</td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; text-align: center">0.00%</td></tr> <tr id="xdx_402_eoef--ExpensesOverAssets_dpn_zuBHvwn7rw1e" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt">Total Annual Fund Operating Expenses </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; text-align: center">0.78%</td></tr> </table> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0078 0.0000 0.0078 Example This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. 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_A82_eoef--ExpenseExampleWithRedemptionTableTextBlock_zy0kBVvserE5"></div> <table cellpadding="0" cellspacing="0" id="xdx_A53_dU_zUEZulU2WDJ2" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Expense Example"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td id="xdx_487_eoef--ExpenseExampleYear01_zNkZHBG0XRr6" style="font: 10pt Times New Roman, Times, Serif; width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">1 Year</td> <td id="xdx_485_eoef--ExpenseExampleYear03_zZzZWWEh8QT9" style="font: 10pt Times New Roman, Times, Serif; width: 26%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">3 Years</td> <td id="xdx_48C_eoef--ExpenseExampleYear05_zMOYMKnvIQd5" style="font: 10pt Times New Roman, Times, Serif; width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">5 Years</td> <td id="xdx_48F_eoef--ExpenseExampleYear10_z6PMGwH9SeCb" style="font: 10pt Times New Roman, Times, Serif; width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">10 Years</td></tr> <tr id="xdx_41B_20260828__20260828__oef--ClassAxis__custom--C000261609Member_z727Xxon1G1e" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$80</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$249</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$433</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$965</td></tr> </table> 80 249 433 965 Portfolio Turnover 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 Shares are held in a taxable account. These costs, which are not reflected in the Total Annual Fund Operating Expenses or in the Example, affect the Fund’s performance. This rate excludes the value of portfolio securities whose maturities or expiration dates at the time of acquisition were one year or less. During the most recent fiscal year, the Fund’s portfolio turnover rate was 19% of the average value of its portfolio. 0.19 Principal Investment Strategies of the Fund The Fund pursues its investment objective by investing, under normal conditions, approximately 65% of its assets in equity securities and approximately 35% in fixed-income securities and cash equivalents. The allocation to equity and fixed-income securities may vary widely from time to time, as market conditions warrant. The Fund may invest in both investment-grade and below investment-grade securities. The Fund’s fixed-income securities will generally have a weighted average maturity of five to 10 years, although Disciplined Growth Investors, Inc. (“DGI” or the “Adviser”) may cause the Fund to invest in fixed-income securities with a weighted average maturity greater than 10 years or less than five years, depending on market conditions. If the Adviser cannot find qualifying investments, the Fund may hold cash and short-term securities. The Adviser seeks to invest primarily in U.S. companies but may invest in foreign companies from time to time. With respect to the equity portion of the portfolio, the Adviser seeks to generally invest in mid-sized companies, which the Adviser regards as those with market capitalizations at the time of purchase greater than $1 billion and less than $20 billion. The Adviser employs a “bottom-up” approach to building a portfolio. The Adviser’s goal is to find stocks that it believes meet its criteria of sustainable competitive advantage relative to industry peers, long-term superior return on capital coupled with the financial ability to meet reasonable growth objectives. The Adviser will sell a stock through a process of allocating capital to the highest expected returns or if individual security risks become unexpectedly high. Fixed-income securities generally include corporate debt securities, U.S. Government obligations, mortgage-backed securities and other mortgage-related products and short-term securities. With respect to the fixed-income portion of the portfolio, the Adviser seeks to identify fundamental growth opportunities in specific fixed-income securities that offer relative value within the fixed- income markets. The Adviser’s decision making approach has both “top-down” (including duration/ maturity positioning, yield curve risk and sector/quality risk) and “bottom-up” (including credit research, quantitative analysis and trading) components. The Adviser’s sell discipline is managed through a combination of inputs from its maturity, sector and individual selection decisions. The Fund pursues its investment objective by investing, under normal conditions, approximately 65% of its assets in equity securities and approximately 35% in fixed-income securities and cash equivalents. As with any investment, there is a risk that you could lose all or a portion of your investment in the Fund. <div id="xdx_A8A_eoef--RiskTextBlock_hoef--RiskAxis__custom--ManagedPortfolioRiskMember_zCcSu5BvqN6b"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Managed Portfolio Risk. When choosing an actively managed mutual fund, it is generally important for investors to evaluate the investment adviser managing the fund. With respect to the Fund, performance of individual securities held by the Fund can vary widely. The investment decisions of the Fund’s Adviser may cause the Fund to underperform other investments or benchmark indices. The Fund may also underperform other mutual funds with similar investment strategies. The Fund’s Adviser may not buy chosen securities at the lowest possible price or sell securities at the highest possible prices. As with any mutual fund investment, there can be no guarantee that the Fund will achieve its investment goals.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; text-align: justify">Equity Securities Risk. Equity prices fluctuate and may decline in response to developments at individual companies or general economic conditions including interest rate levels, political events, war, natural disasters and the spread of infectious illness or other public health issues. If the value of Fund’s investments goes down and you redeem your shares, you could lose money. While the ability to hold shares through periods of volatility may protect long-term investments from permanent loss, Fund investments might not be profitable either because the market fails to recognize the value or because the Adviser misjudged the value of the investment.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; text-align: justify">Mid-Capitalization Risk. The Fund may invest significantly in mid-capitalization stocks, which are often more volatile and less liquid than investments in larger companies. The frequency and volume of trading in securities of mid-size companies may be substantially less than is typical of larger companies. Therefore, the securities of mid-size companies may be subject to greater and more abrupt price fluctuations. In addition, mid-size companies may lack the management experience, financial resources and product diversification of larger companies, making them more susceptible to market pressures and business failure.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; text-align: justify">Growth Stock Risk. Securities of companies perceived to be “growth” companies may be more volatile than other stocks and may involve special risks. The price of a “growth” security may be adversely affected if the company does not realize its anticipated potential or if there is a shift in the market to favor other types of securities.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; text-align: justify">Industry Risk. The Fund may be focused in one industry or group of industries. As a result, the Fund’s returns may be considerably more volatile than returns of a fund that does not focus in one industry or group of industries.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; text-align: justify">Non-U.S. Securities Risk. Non-U.S. securities are subject to the risks of foreign currency fluctuation, generally higher volatility and lower liquidity than U.S. securities, less developed securities markets and economic systems and political and economic instability.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; text-align: justify">Currency Risk. Fluctuations in exchange rates between the U.S. dollar and non-U.S. currencies may cause the value of the Fund’s non-U.S. investments to decline in terms of U.S. dollars. Additionally, certain of the Fund’s foreign currency transactions may give rise to ordinary income or loss to the extent such income or loss results from fluctuations in the value of the foreign currency. Funds that may invest in securities denominated in, or which receive revenues in, non-U.S. currencies are subject to this risk.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; text-align: justify">Fixed-Income Securities Risk. The Fund may hold debt and other fixed-income securities to generate income. Typically, the values of fixed-income securities will change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease, and vice versa. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed income securities are also subject to credit risk, prepayment risk, valuation risk and liquidity risk.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; text-align: justify">Allocation Risk. The asset classes in which the Fund seeks investment exposure can perform differently from each other at any given time (as well as over the long term), so the Fund will be affected by its allocation among equity and fixed-income securities. If the Fund favors exposure to an asset class during a period when that class underperforms, performance may be hurt. During periods of rapidly rising equity price, the Fund might not achieve growth in its share price to the same degree as funds focusing only on stocks. The Fund’s investments in stocks may make it more difficult to preserve principal during periods of stock market volatility.</td></tr> </table> <div id="xdx_A84_eoef--RiskTextBlock_hoef--RiskAxis__custom--TechnologySectorRiskMember_zo2lra4aQOl5"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Technology Sector Risk. To the extent the Fund invests in technology companies, the Fund is particularly vulnerable to factors affecting the technology sector, such as dependency on consumer and business acceptance as new technology evolves, large and rapid price movements resulting from competition, rapid obsolescence of products and services and short product cycles. Many technology companies are small and at an earlier stage of development and, therefore, may be subject to risks such as those arising out of limited product lines, markets and financial and managerial resources.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; text-align: justify">Cash Position Risk. The Fund may hold cash or short-term instruments, such as interest-bearing savings accounts or demand deposit accounts at banks and investments in money market accounts. During periods when the Fund maintains exposure to cash or short-term instruments, it may not participate in market movements to the same extent that it would if the Fund was more fully invested in equity securities.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; text-align: justify">Corporate Debt Risk. Corporate debt securities in which the Fund may invest are taxable debt obligations issued by corporations, are subject to the risk of the issuer’s inability to meet principal and interest payments on the obligations and may also be subject to price volatility due to factors such as market interest rates, market perception of the creditworthiness of the issuer and general market liquidity. The market value of a debt security generally reacts inversely to interest rate changes. When prevailing interest rates decline, the price of the debt obligation usually rises, and when prevailing interest rates rise, the price usually declines.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; text-align: justify">High Yield Securities Risk. The Fund may invest in high yield securities. High yield securities generally offer a higher current yield than that available from higher grade issues, but typically involve greater risk. Securities rated below investment grade are commonly referred to as “junk bonds.” The ability of issuers of high yield securities to make timely payments of interest and principal may be adversely impacted by adverse changes in general economic conditions, changes in the financial condition of the issuers and price fluctuations in response to changes in interest rates. High yield securities are less liquid than investment grade securities and may be difficult to price or sell.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 10pt; text-align: justify">Mortgage-Backed and Asset-Backed Securities Risk. Mortgage- and asset-backed securities represent interests in “pools” of commercial or residential mortgages or other assets, including consumer loans or receivables. Mortgage- and asset-backed securities tend to be more sensitive to changes in interest rates than other types of debt securities. Investments in mortgage-and asset-backed securities are subject to both extension risk, where borrowers pay off their debt obligations more slowly in times of rising interest rates, and prepayment risk, where borrowers pay off their debt obligations sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage- and asset-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.</td></tr> </table> An investment in the Fund is not a deposit of any bank and is not insured or guaranteed by any bank, the Federal Deposit Insurance Corporation, or any other government agency. Performance The Fund acquired all of the assets and liabilities of The Disciplined Growth Investors Fund, a series of Financial Investors Trust (the “Predecessor Fund”), in a tax-free reorganization on July 11, 2025. In connection with this acquisition, shares of the Predecessor Fund were exchanged for shares of the Fund. The Predecessor Fund had an investment objective and strategies that were, in all material respects, the same as those of the Fund, and was managed in a manner that, in all material respects, complied with the investment guidelines and restrictions of the Fund. The Fund is a continuation of the Predecessor Fund, and therefore, the performance information includes the performance of the Predecessor Fund. The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. The bar chart depicts the change in performance from year to year during the periods indicated. If sales charges were included, the returns would be lower. The table compares the Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. The bar charts and performance tables assume reinvestment of dividends and distributions. The Fund’s past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund’s website at www.dgifund.com. The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. The Fund’s past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. www.dgifund.com Annual Total Returns (For the Calendar Year Ended 12/31)* <div id="xdx_A85_eoef--BarChartTableTextBlock_zSGSZwPd5YF8"></div> <table border="0" cellpadding="0" cellspacing="0" id="xdx_A58_dU_zGKq4FlTh5Y5" style="font: 11pt Aptos Narrow; display: none; visibility: hidden; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Total Returns"> <tr style="vertical-align: bottom"> <td style="text-align: left; width: 68%"> </td> <td style="width: 32%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2016</td> <td id="xdx_988_eoef--AnnlRtrPct_dp_c20160101__20161231__oef--ClassAxis__custom--C000261609Member_zLNLcyXJynwc" style="text-align: right">13.12%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2017</td> <td id="xdx_986_eoef--AnnlRtrPct_dp_c20170101__20171231__oef--ClassAxis__custom--C000261609Member_zcC36BhL8NKk" style="text-align: right">14.89%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2018</td> <td id="xdx_986_eoef--AnnlRtrPct_dp_c20180101__20181231__oef--ClassAxis__custom--C000261609Member_zJUDcc0TRh6" style="text-align: right">-2.36%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2019</td> <td id="xdx_983_eoef--AnnlRtrPct_dp_c20190101__20191231__oef--ClassAxis__custom--C000261609Member_zI9xlcdqr3sa" style="text-align: right">23.96%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2020</td> <td id="xdx_985_eoef--AnnlRtrPct_dp_c20200101__20201231__oef--ClassAxis__custom--C000261609Member_zU9ZGpj7zWig" style="text-align: right">24.01%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2021</td> <td id="xdx_98E_eoef--AnnlRtrPct_dp_c20210101__20211231__oef--ClassAxis__custom--C000261609Member_zL2fIRkNSAw" style="text-align: right">9.74%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2022</td> <td id="xdx_987_eoef--AnnlRtrPct_dp_c20220101__20221231__oef--ClassAxis__custom--C000261609Member_zhbt9khcuDN8" style="text-align: right">-18.21%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2023</td> <td id="xdx_985_eoef--AnnlRtrPct_dp_c20230101__20231231__oef--ClassAxis__custom--C000261609Member_zSd7OKpOXlsj" style="text-align: right">33.01%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2024</td> <td id="xdx_98B_eoef--AnnlRtrPct_dp_c20240101__20241231__oef--ClassAxis__custom--C000261609Member_zYv999t0dMek" style="text-align: right">20.93%</td></tr> <tr> <td>2025</td> <td id="xdx_986_eoef--AnnlRtrPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000261609Member_zvdsh8Xdijp4">3.54%</td></tr> </table> <img alt="" src="chart_001.jpg" style="height: 299px; width: 500px"/> 0.1312 0.1489 -0.0236 0.2396 0.2401 0.0974 -0.1821 0.3301 0.2093 0.0354 *The Fund’s year-to-date return as of June 30, 2026 was 17.09%. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%" summary="xdx: Disclosure - Average Annual Total Returns"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"> </td> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">Return</td> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Quarter/Year</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">Highest Return</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">23.15%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Q1/2024</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">Lowest Return</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">-19.25%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Q1/2020</td></tr> </table> year-to-date return 2026-06-30 0.1709 Highest Return 0.2315 Lowest Return -0.1925 <p id="xdx_984_eoef--PerformanceTableHeading_c20260828__20260828__dei--LegalEntityAxis__custom--S000093392Member_gBFPTH-LRIVM_zeZ1jHOeEbVe" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Average Annual Total Returns  (for the Periods Ended December 31, 2025) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%" summary="xdx: Disclosure - Average Annual Total Returns"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 63%; text-align: justify"> </td> <td id="xdx_49F_20250101__20251231_zU9f0oiKX0ij" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 11%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">One Year</td> <td id="xdx_499_20210101__20251231_zyRIWw1VM0g9" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 10%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">Five Year</td> <td id="xdx_49B_20160101__20251231_zwLnGU6c5Td1" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 16%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Ten Year</td></tr> <tr id="xdx_407_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000261609Member_zzFEtnWSfhM9" style="font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">Return Before Taxes</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">3.54%</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">8.37%</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">11.30%</td></tr> <tr id="xdx_40F_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000261609Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_zZpdmAeT2Z1l" style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">Return After Taxes on Distributions</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">1.60%</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">5.07%</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">8.60%</td></tr> <tr id="xdx_404_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000261609Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zaexckQjeY3i" style="font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">Return After Taxes on Distributions and Sale of Fund Shares</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">3.39%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">5.19%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">7.98%</td></tr> <tr id="xdx_407_eoef--AvgAnnlRtrPct_dp_hoef--PerformanceMeasureAxis__custom--SAndP500TotalReturnIndexOneMember_zBNt9xYG2xcg" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt">S&P 500 Total Return Index® (reflects no deductions for fees, expenses, or taxes)</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">17.88%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">4.49%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">14.82%</td></tr> </table> Average Annual Total Returns (for the Periods Ended December 31, 2025) 0.0354 0.0837 0.1130 0.0160 0.0507 0.0860 0.0339 0.0519 0.0798 (reflects no deductions for fees, expenses, or taxes) 0.1788 0.0449 0.1482 After-tax returns are calculated using the historical highest individual federal marginal income tax rates during the periods covered by the table above 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 Shares through tax deferred arrangements such as an individual retirement account (“IRA”) or other tax-advantaged accounts. In certain cases, the figure representing “Return After Taxes on Distributions and Sale of Shares” may be higher than the other return figures for the same period. A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor. After-tax returns are calculated using the historical highest individual federal marginal income tax rates during the periods covered by the table above and do not reflect the impact of state and local taxes. After-tax returns shown are not relevant to investors who hold their Shares through tax deferred arrangements such as an individual retirement account (“IRA”) or other tax-advantaged accounts. A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor. FUND Summary—THE Disciplined Growth Investors EQUITY Fund Investment Objective The Disciplined Growth Investors Equity Fund (the “Fund”) seeks long-term capital growth. Fees and Expenses of the Fund The following table describes the fees and expenses you may pay if you buy, hold, and sell shares of the Fund (“Shares”). You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and Example below. <div id="xdx_A84_eoef--AnnualFundOperatingExpensesTableTextBlock_zwQIEM0jIEhk"></div> <table cellpadding="0" cellspacing="0" id="xdx_A56_dU_zYeIADryIqN3" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Fund Operating Expenses"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td id="xdx_98A_eoef--OperatingExpensesCaption_c20260828__20260828__dei--LegalEntityAxis__custom--S000098909Member_gBFOEC-JQFMQU_zIOv17OdojS9" style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; width: 88%">Annual Fund Operating Expenses </td> <td id="xdx_499_20260828__20260828__oef--ClassAxis__custom--C000268644Member_zSXyJSTdQgYk" style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; width: 12%; text-align: center"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt">(expenses that you pay each year as a percentage of the value of your investment)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; text-align: center"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; display: none; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td></tr> <tr id="xdx_407_eoef--ManagementFeesOverAssets_dpn_zAlw5b90d3vk" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt">Management Fees</td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; text-align: center">0.85%</td></tr> <tr id="xdx_40C_eoef--OtherExpensesOverAssets_dpn_zEwsNRENJSrf" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt">Other Expenses</td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; text-align: center">0.00%</td></tr> <tr id="xdx_402_eoef--ExpensesOverAssets_dpn_zBTs6ivvkJxh" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt">Total Annual Fund Operating Expenses </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; text-align: center">0.85%</td></tr> </table> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0085 0.0000 0.0085 Example This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. 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_A87_eoef--ExpenseExampleWithRedemptionTableTextBlock_z4KHDEgVYat8"></div> <table cellpadding="0" cellspacing="0" id="xdx_A5B_dU_z8QwKPRVhsWg" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Expense Example"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td id="xdx_482_eoef--ExpenseExampleYear01_zqjjBEj7mM" style="font: 10pt Times New Roman, Times, Serif; width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">1 Year</td> <td id="xdx_486_eoef--ExpenseExampleYear03_zUZcdnp3xW3d" style="font: 10pt Times New Roman, Times, Serif; width: 26%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">3 Years</td> <td id="xdx_489_eoef--ExpenseExampleYear05_zPM8V9imC0K1" style="font: 10pt Times New Roman, Times, Serif; width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">5 Years</td> <td id="xdx_482_eoef--ExpenseExampleYear10_zWMkZTiINxaj" style="font: 10pt Times New Roman, Times, Serif; width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">10 Years</td></tr> <tr id="xdx_41C_20260828__20260828__oef--ClassAxis__custom--C000268644Member_zfSq3O3IaTag" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$87</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$271</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$471</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$1,048</td></tr> </table> 87 271 471 1048 Portfolio Turnover 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 Shares are held in a taxable account. These costs, which are not reflected in the Total Annual Fund Operating Expenses or in the Example, affect the Fund’s performance. This rate excludes the value of portfolio securities whose maturities or expiration dates at the time of acquisition were one year or less. For the period of January 26, 2026 (commencement of operations) through April 30, 2026, the Fund’s portfolio turnover rate was 5% of the average value of its portfolio. 0.05 Principal Investment Strategies of the Fund The Fund pursues its investment objective by investing, under normal conditions, at least 80% of its assets in equity securities. The Adviser generally seeks to invest in mid-sized companies, which the Adviser regards as those with market capitalizations at the time of purchase greater than $1 billion and less than $20 billion. The Adviser employs a “bottom-up” approach to building a portfolio. The Adviser’s goal is to find stocks that it believes meet its criteria of sustainable competitive advantage relative to industry peers, long-term superior return on capital coupled with the financial ability to meet reasonable growth objectives. The Adviser typically seeks to hold approximately 30-50 U.S. listed companies. While the Adviser diversifies the Fund’s investments across sectors and industries, the Fund may hold a significant portion of its investments in the information technology sector. The Adviser will sell a stock through a process of allocating capital to the highest expected returns or if individual security risks become unacceptably high. If the Adviser cannot find qualifying investments, the Fund may hold cash and short-term securities. The Adviser seeks to invest primarily in U.S. companies but may invest in foreign companies from time to time. The Fund is classified as “non-diversified” under the Investment Company Act of 1940, as amended (the “1940 Act”). The Fund pursues its investment objective by investing, under normal conditions, at least 80% of its assets in equity securities. As with any investment, there is a risk that you could lose all or a portion of your investment in the Fund. <div id="xdx_A85_eoef--RiskTextBlock_hoef--RiskAxis__custom--ManagedPortfolioRiskMember_zkgKEaouTxW8"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Managed Portfolio Risk. When choosing an actively managed mutual fund, it is generally important for investors to evaluate the investment adviser managing a fund and the fees and expenses of a fund. With respect to the Fund, performance of individual securities held by the Fund can vary widely. The investment decisions of the Adviser may cause the Fund to underperform other investments or benchmark indices. The Fund may also underperform other mutual funds with similar investment strategies. The Adviser may not buy chosen securities at the lowest possible price or sell securities at the highest possible prices. As with any mutual fund investment, there can be no guarantee that the Fund will achieve its investment goals.</td></tr> </table> <div id="xdx_A8B_eoef--RiskTextBlock_hoef--RiskAxis__custom--EquitySecuritiesRiskMember_zcFOrGf4Vpyk"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Equity Securities Risk. Equity prices fluctuate and may decline in response to developments at individual companies or general economic conditions including interest rate levels, political events, war, natural disasters and the spread of infectious illness or other public health issues. If the value of Fund’s investments goes down and you redeem your shares, you could lose money. While the ability to hold shares through periods of volatility may protect long-term investments from permanent loss, Fund investments might not be profitable either because the market fails to recognize the value or because the Adviser misjudged the value of the investment.</td></tr> </table> <div id="xdx_A84_eoef--RiskTextBlock_hoef--RiskAxis__custom--MidcapitalizationRiskMember_z6r9McY703Mj"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Mid-Capitalization Risk. The Fund may invest significantly in mid-capitalization stocks, which are often more volatile and less liquid than investments in larger companies. The frequency and volume of trading in securities of mid-size companies may be substantially less than is typical of larger companies. Therefore, the securities of mid-size companies may be subject to greater and more abrupt price fluctuations. In addition, mid-size companies may lack the management experience, financial resources and product diversification of larger companies, making them more susceptible to market pressures and business failure.</td></tr> </table> <div id="xdx_A84_eoef--RiskTextBlock_hoef--RiskAxis__custom--GrowthStockRiskMember_zQ8ScUlo7Kc1"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Growth Stock Risk. Securities of companies perceived to be “growth” companies may be more volatile than other stocks and may involve special risks. The price of a “growth” security may be adversely affected if the company does not realize its anticipated potential or if there is a shift in the market to favor other types of securities.</td></tr> </table> <div id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--IndustryRiskMember_zQrTa6YHmt63"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Industry Risk. The Fund may be focused in one industry or group of industries. As a result, the Fund’s returns may be considerably more volatile than returns of a fund that does not focus in one industry or group of industries.</td></tr> </table> <div id="xdx_A8C_eoef--RiskTextBlock_hoef--RiskAxis__oef--RiskNondiversifiedStatusMember_zYaHpk7CXiTi"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Non-Diversification Risk. Because the Fund is non-diversified and may invest a greater portion of its assets in fewer issuers than a diversified fund, changes in the market value of a single portfolio holding could cause greater fluctuations in the Fund’s share price than would occur in a diversified fund. This may increase the Fund’s volatility and cause the performance of a single portfolio holding or a relatively small number of portfolio holdings to have a greater impact on the Fund’s performance.</td></tr> </table> <div id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--NonUSSecuritiesRiskMember_zZMVahXUEXXl"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Non-U.S. Securities Risk. Non-U.S. securities are subject to the risks of foreign currency fluctuation, generally higher volatility and lower liquidity than U.S. securities, less developed securities markets and economic systems and political and economic instability.</td></tr> </table> <div id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--CurrencyRiskMember_zXJeJBgWN1F1"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Currency Risk. Fluctuations in exchange rates between the U.S. dollar and non-U.S. currencies may cause the value of the Fund’s non-U.S. investments to decline in terms of U.S. dollars. Additionally, certain of the Fund’s foreign currency transactions may give rise to ordinary income or loss to the extent such income or loss results from fluctuations in the value of the foreign currency. Funds that may invest in securities denominated in, or which receive revenues in, non-U.S. currencies are subject to this risk.</td></tr> </table> <div id="xdx_A8C_eoef--RiskTextBlock_hoef--RiskAxis__custom--TechnologySectorRiskMember_zpMBwaNirOb8"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Technology Sector Risk. To the extent the Fund invests in technology companies, the Fund is particularly vulnerable to factors affecting the technology sector, such as dependency on consumer and business acceptance as new technology evolves, large and rapid price movements resulting from competition, rapid obsolescence of products and services and short product cycles. Many technology companies are small and at an earlier stage of development and, therefore, may be subject to risks such as those arising out of limited product lines, markets and financial and managerial resources.</td></tr> </table> <div id="xdx_A8A_eoef--RiskTextBlock_hoef--RiskAxis__custom--MarketAndGeopoliticalRiskMember_zgdhyu2kVOTk"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Market and Geopolitical Risk. 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, 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</td></tr> </table> An investment in the Fund is not a deposit of any bank and is not insured or guaranteed by any bank, the Federal Deposit Insurance Corporation, or any other government agency. Performance Prior Performance of Predecessor Limited Partnership As a newly registered mutual fund, the Fund does not have prior performance as a mutual fund. The prior performance shown below is for the Fund’s predecessor limited partnership, Navigator Investors, L.P. (the “Predecessor Fund”). The prior performance is net of management fees and other expenses. The Fund acquired all of the assets and liabilities of the Predecessor Fund in a tax-free reorganization on or about January 26, 2026. The Predecessor Fund has been managed in the same style since the Adviser’s inception on March 31, 1997. The Fund’s investment goals, policies, guidelines and restrictions are, in all material respects, equivalent to the Predecessor Fund. The following information shows the Predecessor Fund’s annual returns and long-term performance reflecting the actual fees and expenses that were charged when the Fund was a limited partnership. The Predecessor Fund was not subject to certain investment restrictions, diversification requirements and other restrictions of the 1940 Act and of the Internal Revenue Code that are applicable to the Fund, which if they had been applicable to the Predecessor Fund, might have adversely affected its performance. The following information provides some indication of the risks of investing in the Fund by showing how the Predecessor Fund’s performance has varied over time. The bar chart depicts the change in performance from year to year during the periods indicated. The table compares the Predecessor Fund’s average annual returns for the periods indicated to a broad-based securities market index and supplemental index. The indices are not actively managed and are not available for direct investment. The bar chart and performance table assume reinvestment of dividends and distributions. The Predecessor Fund’s past performance does not necessarily indicate how the Fund will perform in the future. After-tax returns are not provided because the DGIQX Predecessor Fund’s tax treatment was different than that of a registered investment company. Updated performance information is available on the Fund’s website at www.dgifund.com. The following information provides some indication of the risks of investing in the Fund by showing how the Predecessor Fund’s performance has varied over time. The Predecessor Fund’s past performance does not necessarily indicate how the Fund will perform in the future. www.dgifund.com Annual Total Returns (For the Calendar Year Ended 12/31)* <div id="xdx_A81_eoef--BarChartTableTextBlock_zegehajd9m27"></div> <table border="0" cellpadding="0" cellspacing="0" id="xdx_A55_dU_zr1UOtzYclHj" style="font: 11pt Aptos Narrow; display: none; visibility: hidden; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Total Returns"> <tr style="vertical-align: bottom"> <td style="text-align: left; width: 68%"> </td> <td style="width: 32%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2016</td> <td id="xdx_988_eoef--AnnlRtrPct_dp_c20160101__20161231__oef--ClassAxis__custom--C000268644Member_zLNLcyXJynwc" style="text-align: right">17.29%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2017</td> <td id="xdx_986_eoef--AnnlRtrPct_dp_c20170101__20171231__oef--ClassAxis__custom--C000268644Member_zcC36BhL8NKk" style="text-align: right">20.10%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2018</td> <td id="xdx_986_eoef--AnnlRtrPct_dp_c20180101__20181231__oef--ClassAxis__custom--C000268644Member_zJUDcc0TRh6" style="text-align: right">-3.79%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2019</td> <td id="xdx_983_eoef--AnnlRtrPct_dp_c20190101__20191231__oef--ClassAxis__custom--C000268644Member_zI9xlcdqr3sa" style="text-align: right">29.72%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2020</td> <td id="xdx_985_eoef--AnnlRtrPct_dp_c20200101__20201231__oef--ClassAxis__custom--C000268644Member_zU9ZGpj7zWig" style="text-align: right">25.59%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2021</td> <td id="xdx_98E_eoef--AnnlRtrPct_dp_c20210101__20211231__oef--ClassAxis__custom--C000268644Member_zL2fIRkNSAw" style="text-align: right">15.42%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2022</td> <td id="xdx_987_eoef--AnnlRtrPct_dp_c20220101__20221231__oef--ClassAxis__custom--C000268644Member_zhbt9khcuDN8" style="text-align: right">-21.87%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2023</td> <td id="xdx_985_eoef--AnnlRtrPct_dp_c20230101__20231231__oef--ClassAxis__custom--C000268644Member_zSd7OKpOXlsj" style="text-align: right">44.76%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2024</td> <td id="xdx_98B_eoef--AnnlRtrPct_dp_c20240101__20241231__oef--ClassAxis__custom--C000268644Member_zYv999t0dMek" style="text-align: right">28.96%</td></tr> <tr> <td>2025</td> <td id="xdx_98D_eoef--AnnlRtrPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000268644Member_ziVXq87eJNWe">1.97%</td></tr> </table> <img alt="" src="chart_002.jpg" style="height: 299px; width: 500px"/> 0.1729 0.2010 -0.0379 0.2972 0.2559 0.1542 -0.2187 0.4476 0.2896 0.0197 *The Fund’s year-to-date return as of June 30, 2026 was 22.66%. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: justify; padding-left: 5.4pt; width: 63%"> </td> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: justify; width: 11%"> </td> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center; width: 10%">Return</td> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-top: 2pt; padding-bottom: 2pt; text-align: center; width: 16%">Quarter/Year</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: justify; padding-left: 5.4pt">Highest Return</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: justify"> </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">32.16%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: top; text-align: center">Q1/2024</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: justify; padding-left: 5.4pt">Lowest Return</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: justify"> </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">-26.44%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: top; text-align: center">Q1/2020</td></tr> </table> year-to-date return 2026-06-30 0.2266 Highest Return 0.3216 Lowest Return -0.2644 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: bottom"><p id="xdx_987_eoef--PerformanceTableHeading_c20260828__20260828__dei--LegalEntityAxis__custom--S000098909Member_gBFPTH-V_zY08TIfq6U7c" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Average Annual Total Returns   (for the Periods Ended December 31, 2025) </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: top; text-align: justify"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: bottom; width: 63%; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: bottom; width: 11%; text-align: justify">One Year</td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: bottom; width: 10%; text-align: justify">Five Year</td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: top; width: 16%; text-align: justify">Ten Year</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: bottom; text-align: justify">Return Before Taxes</td> <td id="xdx_984_eoef--AvgAnnlRtrPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000268644Member_z3TDTxWIwBt3" style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: bottom; text-align: justify">1.97%</td> <td id="xdx_988_eoef--AvgAnnlRtrPct_dp_c20210101__20251231__oef--ClassAxis__custom--C000268644Member_ztERtrZ0LIi7" style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: bottom; text-align: justify">11.41%</td> <td id="xdx_988_eoef--AvgAnnlRtrPct_dp_c20160101__20251231__oef--ClassAxis__custom--C000268644Member_zDScKs3EyVul" style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: top; text-align: justify">14.25%</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: bottom; text-align: justify">Return After Taxes on Distributions</td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: bottom; text-align: justify">N/A</td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: bottom; text-align: justify">N/A</td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: top; text-align: justify">N/A</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: bottom; text-align: justify">Return After Taxes on Distributions and Sale of Fund Shares</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: bottom; text-align: justify">N/A</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: bottom; text-align: justify">N/A</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: top; text-align: justify">N/A</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: bottom">Bloomberg US 3000 Total Return Index (reflects no deductions for fees, expenses, or taxes) </td> <td id="xdx_985_eoef--AvgAnnlRtrPct_dp_c20250101__20251231__oef--PerformanceMeasureAxis__custom--BloombergUS3000TotalReturnIndexMember_zP1TAgthyyfb" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: top; text-align: justify">17.21%</td> <td id="xdx_984_eoef--AvgAnnlRtrPct_dp_c20210101__20251231__oef--PerformanceMeasureAxis__custom--BloombergUS3000TotalReturnIndexMember_zw4vP1rnScp4" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: top; text-align: justify">13.09%</td> <td id="xdx_984_eoef--AvgAnnlRtrPct_dp_c20160101__20251231__oef--PerformanceMeasureAxis__custom--BloombergUS3000TotalReturnIndexMember_zDZHW8GC7SGb" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: top; text-align: justify">14.27%</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: bottom">Bloomberg U.S. Mid Cap Growth Index (reflects no deductions for fees, expenses, or taxes)</td> <td id="xdx_982_eoef--AvgAnnlRtrPct_dp_c20250101__20251231__oef--PerformanceMeasureAxis__custom--BloombergUSMidCapGrowthIndexMember_zZEKtZGyOKo6" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: top; text-align: justify">10.28%</td> <td id="xdx_98C_eoef--AvgAnnlRtrPct_dp_c20210101__20251231__oef--PerformanceMeasureAxis__custom--BloombergUSMidCapGrowthIndexMember_z3exdAMzlHed" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: top; text-align: justify">6.89%</td> <td id="xdx_98C_eoef--AvgAnnlRtrPct_dp_c20160101__20251231__oef--PerformanceMeasureAxis__custom--BloombergUSMidCapGrowthIndexMember_zeBlkVS2OxGa" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 2pt 5.4pt; vertical-align: top; text-align: justify">11.83%</td></tr> </table> Average Annual Total Returns  (for the Periods Ended December 31, 2025) 0.0197 0.1141 0.1425 (reflects no deductions for fees, expenses, or taxes) 0.1721 0.1309 0.1427 0.1028 0.0689 0.1183 After-tax returns are calculated using the historical highest individual federal marginal income tax rates during the periods covered by the table above 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 Shares through tax deferred arrangements such as an individual retirement account (“IRA”) or other tax-advantaged accounts. In certain cases, the figure representing “Return After Taxes on Distributions and Sale of Shares” may be higher than the other return figures for the same period. A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor. After-tax returns are calculated using the historical highest individual federal marginal income tax rates during the periods covered by the table above and do not reflect the impact of state and local taxes. After-tax returns shown are not relevant to investors who hold their Shares through tax deferred arrangements such as an individual retirement account (“IRA”) or other tax-advantaged accounts. A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor. FUND Summary—Vulcan Value Partners Fund Investment Objective The Vulcan Value Partners Fund (the “Fund”) seeks to achieve long-term capital appreciation. Fees and Expenses of the Fund The following table describes the fees and expenses you may pay if you buy, hold, and sell shares of the Fund (“Shares”). You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and Example below. <div id="xdx_A8B_eoef--AnnualFundOperatingExpensesTableTextBlock_zv6afeecixL3"></div> <table cellpadding="0" cellspacing="0" id="xdx_A58_dU_z5a3trlcwQR6" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Fund Operating Expenses"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td id="xdx_98F_eoef--OperatingExpensesCaption_c20260828__20260828__dei--LegalEntityAxis__custom--S000091565Member_gBFOEC-ZNBBD_zLmPg4eidVU" style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 80%; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt">Annual Fund Operating Expenses </td> <td id="xdx_49F_20260828__20260828__oef--ClassAxis__custom--C000259241Member_zzKQl5rGP4wf" style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"> </td> <td id="xdx_49C_20260828__20260828__oef--ClassAxis__custom--C000259242Member_zaWMy8wpMuu5" style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt">(expenses that you pay each year as a percentage of the value of your investment)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">Investor Class Shares</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">Institutional Class Shares</td></tr> <tr id="xdx_407_eoef--ManagementFeesOverAssets_dp_z7DQLuM0Lypj" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt">Management Fees</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">0.85%</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">0.85%</td></tr> <tr id="xdx_40B_eoef--DistributionAndService12b1FeesOverAssets_dp_z5sVQyHyU7d" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt">Distribution (12b-1) Fees</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">0.25%</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">0.00%</td></tr> <tr id="xdx_404_eoef--OtherExpensesOverAssets_dp_zyGdn3Rp1vCl" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt">Other Expenses</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">0.14%</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">0.21%</td></tr> <tr id="xdx_407_eoef--ExpensesOverAssets_dp_zr1aEGQCKzS" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt">Total Annual Fund Operating Expenses</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">1.24%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">1.06%</td></tr> <tr id="xdx_40B_eoef--FeeWaiverOrReimbursementOverAssets_dp_zVfAMbjLYryj" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt">Fee Waiver and Expense Reimbursement1 </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">(0.14%) </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">(0.21%) </td></tr> <tr id="xdx_401_eoef--NetExpensesOverAssets_dp_zvzudAtVM7Nk" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt">Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">1.10%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">0.85%</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">1.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Vulcan Value Partners, LLC (“Vulcan” or the “Adviser”) has contractually agreed to limit the Fund’s total annual fund operating expenses (exclusive of Acquired Fund Fees and Expenses (if any), brokerage expenses, interest expense, taxes and extraordinary expenses) to 1.10% and 0.85% of the Fund’s average daily net assets with respect to Investor Class shares and Institutional Class shares, respectively through at least September 14, 2027. The Adviser will be permitted to recapture expenses it has borne through the agreement to the extent that the Fund’s expenses in later periods fall below the annual rates set forth in the agreement provided, however, that such recapture payments do not cause the Fund’s expense ratio (after recapture) to exceed the lesser of (i) the expense cap in effect at the time of the waiver and (ii) the expense cap then in effect at the time of the recapture. Notwithstanding the foregoing, the Fund will not pay any such deferred fees and expenses more than thirty-six months after the date on which the fee and expenses were deferred. </td></tr></table> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0085 0.0085 0.0025 0.0000 0.0014 0.0021 0.0124 0.0106 -0.0014 -0.0021 0.0110 0.0085 Expense Example This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. 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 reflects the net operating expenses with expense waivers through the current term of the Expense Agreements, which is September 14, 2027. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. <div id="xdx_A8F_eoef--ExpenseExampleWithRedemptionTableTextBlock_zYa7kYfkfQuc"></div> <table cellpadding="0" cellspacing="0" id="xdx_A5F_dU_zUrYD4xFCWBj" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Expense Example"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 66%; padding-right: 5.4pt">Although your actual costs may be higher or lower, based on these assumptions your costs would be:</td> <td id="xdx_48D_eoef--ExpenseExampleYear01_zCnw4xGrSk85" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">1 Year</td> <td id="xdx_48A_eoef--ExpenseExampleYear03_zDGddFWGKufe" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">3 Year</td> <td id="xdx_487_eoef--ExpenseExampleYear05_zUYg8eaJkUO3" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">5 Year</td> <td id="xdx_486_eoef--ExpenseExampleYear10_zuTDs9UNXaDg" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 9%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">10 Year</td></tr> <tr id="xdx_412_20260828__20260828__oef--ClassAxis__custom--C000259241Member_zxGHPsJXqVh1" style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt">Investor Class Shares</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$112</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$380</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$667</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$1,486</td></tr> <tr id="xdx_41D_20260828__20260828__oef--ClassAxis__custom--C000259242Member_zZ1VO8rskYU3" style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt">Institutional Class Shares</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$87</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$316</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$564</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$1,274</td></tr> </table> 112 380 667 1486 87 316 564 1274 Portfolio Turnover 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 Shares are held in a taxable account. These costs, which are not reflected in the Total Annual Fund Operating Expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s turnover rate was 61% of the average value of its portfolio. 0.61 Principal Investment Strategies of the Fund Vulcan Value Partners Fund The Fund seeks to achieve long-term capital appreciation by purchasing securities primarily in publicly traded small-cap and large-cap companies that Vulcan Value Partners, LLC (“Vulcan” or the “Adviser”), the Fund’s investment adviser, believes to be both undervalued and possessing a quality that gives a company a non-temporary advantage over their peers (or a “Sustainable Competitive Advantage”). An example of a Sustainable Competitive Advantage includes, among others, companies with strong operational scale, pricing power, and brand loyalty operating in an industry with high switching costs. The Adviser seeks to purchase publicly traded companies at significant discounts to intrinsic worth. The portfolio managers typically use a discounted cash flow analysis to determine intrinsic worth. The Adviser seeks to invest for the long term, limiting the selection of qualifying investments to good businesses with identifiable, Sustainable Competitive Advantages that allow a company to outcompete peers to maximize returns and to minimize risk. Identifiable, sustainable competitive advantages may include factors such as switching costs, brand recognition, and scalability, among others. The Adviser generally defines risk as the probability of permanently losing capital over a five-year period. Permanent loss of capital could occur if the Adviser has to sell a company at a loss because its estimated intrinsic value falls below the market price resulting in the loss of a margin of safety. The Adviser generally sells stocks when they approach or exceed their intrinsic worth as determined by the portfolio managers. The Adviser seeks to determine business or intrinsic value through disciplined financial analysis. Typically, the intrinsic value analysis includes a discounted cash flow analysis based on individual company financial statements and guidance, internal estimates of future growth in earnings and profitability, and qualitative research. The amount a company utilizes leverage is an important consideration in the stock selection analysis because leverage increases a company’s risk and potential for return. The Adviser believes that good businesses can enhance their returns to equity investors with an efficient capital structure and prudent leverage, but the it generally views leveraged businesses with skepticism. The Adviser believes that equities purchased at prices substantially less than their intrinsic worth generally afford capital protection from significant permanent loss and also create the possibility of substantial appreciation if the market recognizes the company’s economic value. To minimize business ownership risk, the Adviser evaluates business risks, assesses key management employee’s business impact and scrutinizes competitive market strengths and weaknesses in the assessment of long-term investment qualifications. The Adviser seeks to limit Fund investments to businesses that are run by ethical, capable, stockholder-oriented management teams that also are good operators and, very importantly, understand the importance of capital allocation. Generally, subject to price, any publicly traded company with profitable economics would be a potential investment for this Fund. A core position in the Fund is generally approximately 5% of the Fund’s portfolio, so that theoretically the Fund would hold about 20 companies, spread across various industries. Because it is rare that the Adviser would find exactly 20 companies meeting the Fund’s investment guidelines, allocations will vary with the price to value ratio of specific companies. The Adviser may invest in positions as small as 1% when price to value ratios are higher. The Adviser generally will not invest in any business that is trading above its estimate of a business’s fair value. The Adviser will typically sell a position when the position’s market price exceeds its calculated estimate of intrinsic value. The Adviser may invest up to 30% of the Fund’s net assets in publicly traded foreign securities, which may consist in whole or in part of securities of issuers in emerging markets. The Fund may be subject to currency risk when the Adviser invests in securities denominated in, or which receive revenues in, non-U.S. currencies. The Adviser will ensure that no issuer’s securities will constitute more than 10% of the Fund’s assets at the time of purchase. In addition, the Adviser will be allowed to invest up to, but no more than, an aggregate of 40% of the Fund’s assets in positions where the investment in the securities of an issuer exceeds 5% of the Fund’s assets. If the investments meeting the Fund’s criteria are not available, the Adviser may invest the Fund’s assets temporarily in obligations of the U.S. government and its agencies, or in other money market instruments. Under the 1940 Act, to qualify as a diversified fund, a fund, with respect to 75% of its total assets, may not invest greater than 5% of its total assets in any one issuer and may not hold greater than 10% of the securities of one issuer, other than investments in cash and cash items (including receivables), U.S. government securities, and securities of other investment companies. The remaining 25% of a fund’s total assets does not need to be “diversified” and may be invested in securities of a single issuer, subject to other applicable laws. The Fund is non-diversified, which means that it is not subject to the 75-5-10 diversification requirements and the Adviser can invest a larger percentage of the Fund’s assets in a smaller number of issuers, meaning it is not constrained by the 5%/10% asset allocation rule for diversified funds. As with any investment, there is a risk that you could lose all or a portion of your investment in the Fund. <div id="xdx_A8B_eoef--RiskTextBlock_hoef--RiskAxis__custom--EquitySecuritiesRiskMember_z9BD7ENe2hF5"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Equity Securities Risk. Equity prices fluctuate and may decline in response to developments at individual companies or general economic conditions including interest rate levels, political events, war, natural disasters and the spread of infectious illness or other public health issues. If the value of Fund’s investments goes down and you redeem your shares, you could lose money. While the ability to hold shares through periods of volatility may protect long-term investments from permanent loss, Fund investments might not be profitable either because the market fails to recognize the value or because the Adviser misjudged the value of the investment.</td></tr></table> <div id="xdx_A89_eoef--RiskTextBlock_hoef--RiskAxis__custom--BusinessOwnershipRiskMember_zCUq1spnRFD"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Business Ownership Risk. The Fund treats investing as partial ownership of qualifying businesses. As partial owners of these companies, the Fund faces the risks inherent in owning a business, which may include financial, operational, and reputational risk associated with the operations of a business. Additionally, loss of profitability, cessation of operations resulting in a permanent capital loss, or harm to its public image, among other factors, may negatively impact a business’s price and intrinsic value resulting in the loss of capital invested.</td></tr></table> <div id="xdx_A83_eoef--RiskTextBlock_hoef--RiskAxis__custom--SmallsizeCompanyRiskMember_z4swuhExQWle"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Small-Size Company Risk. The Fund’s investments in securities issued by small-sized companies, which can include companies offering emerging products or services, may involve greater risks than are customarily associated with larger, more established companies. Securities issued by small-sized companies tend to be more volatile and somewhat more speculative than securities issued by larger or more established companies because small-sized companies tend to be less established and less developed in nature and may underperform compared to the securities of larger companies.</td></tr></table> <div id="xdx_A88_eoef--RiskTextBlock_hoef--RiskAxis__custom--LargesizeCompanyRiskMember_zEUnciv77lX3"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Large-Size Company Risk. The Fund’s investments in larger companies are subject to the risk that larger companies are sometimes unable to attain the high growth rates of successful, smaller companies, especially during extended periods of economic expansion.</td></tr></table> <div id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--CurrencyRiskMember_zZtj1LsuUcbd"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Currency Risk. The value of the Fund’s investments may fall as a result of changes in exchange rates.</td></tr></table> <div id="xdx_A81_eoef--RiskTextBlock_hoef--RiskAxis__custom--EconomicAndMarketEventsRiskMember_zGlJQCQTx2K8"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Economic and Market Events Risk. Markets can be volatile in response to a number of factors, as well as broader economic, political, military and regulatory conditions. Events in the U.S. and global financial markets, including actions taken by the U.S. Federal Reserve or foreign central banks to stimulate or stabilize economic growth, may at times result in unusually high market volatility, which could negatively impact performance and may prevent execution of the Fund’s strategy successfully. It is not always possible to access certain markets or to sell certain investments at a particular time or at an acceptable price, thereby impacting the liquidity of a given portfolio. The value of the Fund will change daily based on changes in market, economic, industry, political, military, regulatory, geopolitical, and other considerations.</td></tr></table> <div id="xdx_A82_eoef--RiskTextBlock_hoef--RiskAxis__custom--EmergingMarketsRiskMember_zUdIR605thU3"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Emerging Markets Risk. To the extent that the Fund invests in issuers located in emerging markets, the risk of loss may be heightened by political changes and changes in taxation or currency controls that could adversely affect the values of these investments. Emerging markets have the same risks as Non-U.S. Securities, however, have exacerbated risk because they have been more volatile than the markets of developed countries with more mature economies.</td></tr></table> <div id="xdx_A82_eoef--RiskTextBlock_hoef--RiskAxis__custom--ManagedPortfolioRiskMember_zd5cMciM3fk"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Managed Portfolio Risk. The manager’s investment strategies or choice of specific securities may be unsuccessful and may cause the Fund to incur losses.</td></tr></table> <div id="xdx_A8E_eoef--RiskTextBlock_hoef--RiskAxis__oef--RiskNondiversifiedStatusMember_zCfj86L4WmA7"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Non-diversification Risk and Securities Concentration Limitations. The Fund is classified as non-diversified. As a result, an increase or decrease in the value of a single security may have a greater impact on the Fund’s NAV and total return. Being non-diversified may also make the Fund more susceptible to financial, economic, political or other developments that may impact a security. Although the Fund may from time to time satisfy the requirements for a diversified fund, its non-diversified classification gives the Fund’s portfolio managers more flexibility to hold larger positions in a smaller number of securities than a fund that is classified as diversified.</td></tr></table> <div id="xdx_A83_eoef--RiskTextBlock_hoef--RiskAxis__custom--NonUSSecuritiesRiskMember_zd9AwxENi4Bi"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Non-U.S. Securities Risk. Non-U.S. securities are subject to the risks of foreign currency fluctuations, generally higher volatility and lower liquidity than U.S. securities, less developed securities markets and economic systems and political and economic instability. Non-U.S. investments are also not subject to the same regulatory and transparency requirements and protections as those of U.S. based transactions.</td></tr></table> <div id="xdx_A85_eoef--RiskTextBlock_hoef--RiskAxis__custom--ValueStocksRiskMember_zEwg5pBlHw2d"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Value Stocks Risk. The Fund invests in companies that the portfolio managers believe to be selling at a discount to their intrinsic value. Value investing is subject to the risk that a company’s intrinsic value may never be fully realized by the market or that a company judged by the Fund to be undervalued may actually be appropriately priced.</td></tr></table> An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. The bar chart depicts the change in performance from year to year during the periods indicated. If sales charges were included, the returns would be lower. The Fund is the successor to the predecessor Vulcan Value Partners Fund (the “Predecessor Fund”), a mutual fund with substantially similar investment objectives, policies, and restrictions, as a result of the reorganization of the Predecessor Fund into the Fund on September 12, 2025. The performance provided in the bar chart and table includes the Fund and Predecessor Fund. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. The bar charts and performance tables assume reinvestment of dividends and distributions. The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available on the Fund’s website at https://vulcanvaluepartners.com/strategies/large-cap/mutual-fund/ or by calling 1-877-421-5078. The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. https://vulcanvaluepartners.com/strategies/large-cap/mutual-fund/ 1-877-421-5078 Annual Total Returns (For the Calendar Year Ended 12/31)*# <div id="xdx_A83_eoef--BarChartTableTextBlock_ztUrUVTh5Ch5"></div> <table border="0" cellpadding="0" cellspacing="0" id="xdx_A51_dU_zLCtldqV0fWb" style="font: 11pt Aptos Narrow; display: none; visibility: hidden; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Total Returns"> <tr style="vertical-align: bottom"> <td style="text-align: left; width: 68%"> </td> <td style="width: 32%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2016</td> <td id="xdx_985_eoef--AnnlRtrPct_dp_c20160101__20161231__oef--ClassAxis__custom--C000259241Member_zcZYP9qMI9ia" style="text-align: right">11.46%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2017</td> <td id="xdx_98C_eoef--AnnlRtrPct_dp_c20170101__20171231__oef--ClassAxis__custom--C000259241Member_z8N2CDOef5w3" style="text-align: right">16.75%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2018</td> <td id="xdx_989_eoef--AnnlRtrPct_dp_c20180101__20181231__oef--ClassAxis__custom--C000259241Member_zgxhJIcjr4J8" style="text-align: right">-7.68%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2019</td> <td id="xdx_982_eoef--AnnlRtrPct_dp_c20190101__20191231__oef--ClassAxis__custom--C000259241Member_zvpfFoEsF1q2" style="text-align: right">44.37%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2020</td> <td id="xdx_986_eoef--AnnlRtrPct_dp_c20200101__20201231__oef--ClassAxis__custom--C000259241Member_zbAz6Zxf3L69" style="text-align: right">11.59%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2021</td> <td id="xdx_98E_eoef--AnnlRtrPct_dp_c20210101__20211231__oef--ClassAxis__custom--C000259241Member_z9pjx3dh4SX1" style="text-align: right">21.52%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2022</td> <td id="xdx_986_eoef--AnnlRtrPct_dp_c20220101__20221231__oef--ClassAxis__custom--C000259241Member_zELxyAaEA4Oc" style="text-align: right">-38.06%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2023</td> <td id="xdx_980_eoef--AnnlRtrPct_dp_c20230101__20231231__oef--ClassAxis__custom--C000259241Member_z5qKiO3UtFz6" style="text-align: right">41.77%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2024</td> <td id="xdx_982_eoef--AnnlRtrPct_dp_c20240101__20241231__oef--ClassAxis__custom--C000259241Member_zkgiqA75Sjwa" style="text-align: right">17.50%</td></tr> <tr> <td>2025</td> <td id="xdx_984_eoef--AnnlRtrPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000259241Member_zUaNrikU6eW7">7.46%</td></tr> </table> <img alt="" src="chart_003.jpg" style="height: 299px; width: 500px"/> 0.1146 0.1675 -0.0768 0.4437 0.1159 0.2152 -0.3806 0.4177 0.1750 0.0746 <div id="xdx_A88_eoef--BarChartClosingTextBlock_zDIC7lk3XJYc"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: left"> <td style="width: 20%"> </td> <td style="width: 60%">*The bar chart above shows returns for Investor Class shares. #As of June 30, 2026, the year-to-date total return was -6.03% for the Investor Class shares.</td> <td style="width: 20%"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td colspan="3" style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"> </td> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Return</td> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Quarter/Year</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td colspan="3" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">Highest Return</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">24.87%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Q2/2020</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td colspan="3" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">Lowest Return</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">-28.51%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Q2/2022</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td colspan="3" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td></tr> </table> 2026-06-30 year-to-date total return -0.0603 Highest Return 0.2487 Lowest Return -0.2851 Average Annual Total Returns (for the Periods Ended December 31, 2025) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; width: 52%; padding-left: 2.65pt">Institutional Class Shares</td> <td id="xdx_493_20250101__20251231_zKJmZzPRqim4" style="font: 10pt Times New Roman, Times, Serif; width: 11%; padding-right: 2.65pt; padding-left: 2.65pt">One Year</td> <td id="xdx_499_20210101__20251231_zAi4ZW6YVQj9" style="font: 10pt Times New Roman, Times, Serif; width: 11%; padding-right: 2.65pt; padding-left: 2.65pt">Five Year</td> <td id="xdx_49A_20190501__20251231_zMmRgrNgYRi4" style="font: 10pt Times New Roman, Times, Serif; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt">Since Inception*</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt">Ten Year</td></tr> <tr id="xdx_402_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000259242Member_zcPKX73owNMh" style="font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">Return Before Taxes</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">7.80%</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">6.41%</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">9.49%</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">N/A</td></tr> <tr id="xdx_402_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000259242Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_z14TWnBqqTFl" style="font: 10pt Times New Roman, Times, Serif; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">Return After Taxes on Distributions</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">6.03%</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">5.06%</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">8.11%</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">N/A</td></tr> <tr id="xdx_400_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000259242Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_z634gpyZ81O9" style="font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">Return After Taxes on Distributions and Sale of Fund Shares</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">5.36%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">4.65%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">7.22%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">N/A</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt">Investor Class Shares</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify"> </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify"> </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> </td></tr> <tr id="xdx_402_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000259241Member_zn0c6GmDtPx2" style="font: 10pt Times New Roman, Times, Serif; background-color: #E7E6E6"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt">Return Before Taxes</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">7.46%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">6.14%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">10.85%</td> <td id="xdx_98F_eoef--AvgAnnlRtrPct_dp_c20160101__20251231__oef--ClassAxis__custom--C000259241Member_zxyfw46LK9S9" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">10.06%</td></tr> <tr id="xdx_40D_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000259241Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_z9z8TaOHUO36" style="font: 10pt Times New Roman, Times, Serif; background-color: white"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt">Return After Taxes on Distributions</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">5.79%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">4.83%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">9.69%</td> <td id="xdx_980_eoef--AvgAnnlRtrPct_dp_c20160101__20251231__oef--ClassAxis__custom--C000259241Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_zoaVZT0pyX02" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">8.80%</td></tr> <tr id="xdx_40D_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000259241Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zKOq5vX8ZGO" style="font: 10pt Times New Roman, Times, Serif; background-color: #E7E6E6"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt">Return After Taxes on Distributions and Sale of Fund Shares</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">5.17%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">4.44%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">8.84%</td> <td id="xdx_987_eoef--AvgAnnlRtrPct_dp_c20160101__20251231__oef--ClassAxis__custom--C000259241Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zpbN7a8QVfwh" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">7.86%</td></tr> <tr id="xdx_407_eoef--AvgAnnlRtrPct_dp_hoef--PerformanceMeasureAxis__custom--SAndP500TotalReturnIndexMember_zeJtm2O3JM54" style="font: 10pt Times New Roman, Times, Serif; background-color: white"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt">S&P 500 Total Return Index® (reflects no deductions for fees, expenses, or taxes)</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">17.88%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">14.42%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">14.05%</td> <td id="xdx_98A_eoef--AvgAnnlRtrPct_dp_c20160101__20251231__oef--PerformanceMeasureAxis__custom--SAndP500TotalReturnIndexMember_zL53jV2DpJl7" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">14.82%</td></tr> <tr id="xdx_402_eoef--AvgAnnlRtrPct_dp_hoef--PerformanceMeasureAxis__custom--Russell1000ValueIndexMember_zkIqPgNh0YP6" style="font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt">Russell 1000 Value Index® (reflects no deductions for fees, expenses, or taxes) </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">15.91%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">11.33%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">11.00%</td> <td id="xdx_981_eoef--AvgAnnlRtrPct_dp_c20160101__20251231__oef--PerformanceMeasureAxis__custom--Russell1000ValueIndexMember_znpkEEjkCmcl" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">10.53%</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">*</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Inception date for Institutional Class Shares: May 1, 2019</td></tr></table> 0.0780 0.0641 0.0949 0.0603 0.0506 0.0811 0.0536 0.0465 0.0722 0.0746 0.0614 0.1085 0.1006 0.0579 0.0483 0.0969 0.0880 0.0517 0.0444 0.0884 0.0786 (reflects no deductions for fees, expenses, or taxes) 0.1788 0.1442 0.1405 0.1482 0.1591 0.1133 0.1100 0.1053 2019-05-01 After-tax returns are calculated using the historical highest individual federal marginal income tax rates during the periods covered by the table above 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 Shares through tax deferred arrangements such as an individual retirement account (“IRA”) or other tax-advantaged accounts. In certain cases, the figure representing “Return After Taxes on Distributions and Sale of Shares” may be higher than the other return figures for the same period. A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor. After-tax returns are calculated using the historical highest individual federal marginal income tax rates during the periods covered by the table above and do not reflect the impact of state and local taxes. After-tax returns shown are not relevant to investors who hold their Shares through tax deferred arrangements such as an individual retirement account (“IRA”) or other tax-advantaged accounts. A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor. FUND Summary— Vulcan Value Partners Small Cap Fund Investment Objective The Vulcan Value Partners Small Cap Fund (the “Fund”) seeks to achieve long-term capital appreciation. Fees and Expenses of the Fund The following table describes the fees and expenses you may pay if you buy, hold, and sell shares of the Fund (“Shares”). You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and Example below. <div id="xdx_A8D_eoef--AnnualFundOperatingExpensesTableTextBlock_zgFK3VtKiaxb"></div> <table cellpadding="0" cellspacing="0" id="xdx_A53_dU_zu8xzj58FXV6" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Fund Operating Expenses"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td id="xdx_98C_eoef--OperatingExpensesCaption_c20260828__20260828__dei--LegalEntityAxis__custom--S000091566Member_gBFOEC-CQTSBS_zdvjO2hX3DKj" style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 80%; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt">Annual Fund Operating Expenses </td> <td id="xdx_49D_20260828__20260828__oef--ClassAxis__custom--C000259244Member_zevSYE3xyxCl" style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"> </td> <td id="xdx_499_20260828__20260828__oef--ClassAxis__custom--C000259243Member_zLpge0XyIWj6" style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt">(expenses that you pay each year as a percentage of the value of your investment)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">Investor Class Shares</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">Institutional Class Shares</td></tr> <tr id="xdx_407_eoef--ManagementFeesOverAssets_dpn_zYRTtydRm8Jb" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt">Management Fees</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">1.00%</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">1.00%</td></tr> <tr id="xdx_406_eoef--DistributionAndService12b1FeesOverAssets_dpn_zeFxPkNLMnNb" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt">Distribution (12b-1) Fees</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">0.25%</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">0.00%</td></tr> <tr id="xdx_40C_eoef--OtherExpensesOverAssets_dpn_z4Mh9yM3AgAf" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt">Other Expenses</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">0.23%</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">0.30%</td></tr> <tr id="xdx_402_eoef--ExpensesOverAssets_dpn_zlv2rxkAcMOe" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt">Total Annual Fund Operating Expenses</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">1.48%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">1.30%</td></tr> <tr id="xdx_409_eoef--FeeWaiverOrReimbursementOverAssets_dpn_ziNtqfDu5IVj" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt">Fee Wavier and Expense Reimbursement1 </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">(0.33%) </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">(0.30%)</td></tr> <tr id="xdx_40D_eoef--NetExpensesOverAssets_dpn_zSB8HLyaSpB2" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt">Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">1.15%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">1.00%</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">1</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Vulcan Value Partners, LLC (“Vulcan” or the “Adviser”) has contractually agreed to limit the Fund’s total annual fund operating expenses (exclusive of Acquired Fund Fees and Expenses (if any), brokerage expenses, interest expense, taxes and extraordinary expenses) to 1.15% and 1.00% of the Funds’ average daily net assets with respect to Investor Class shares and Institutional Class shares, respectively, through at least September 14, 2027. The Adviser will be permitted to recapture expenses it has borne through the agreement to the extent that the Fund’s expenses in later periods fall below the annual rates set forth in the agreement provided, however, that such recapture payments do not cause the Fund’s expense ratio (after recapture) to exceed the lesser of (i) the expense cap in effect at the time of the waiver and (ii) the expense cap then in effect at the time of the recapture. Notwithstanding the foregoing, the Fund will not pay any such deferred fees and expenses more than thirty-six months after the date on which the fee and expenses were deferred. </td></tr></table> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0100 0.0100 0.0025 0.0000 0.0023 0.0030 0.0148 0.0130 -0.0033 -0.0030 0.0115 0.0100 Expense Example This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other funds. 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 reflects the net operating expenses with the expense cap through the current term of the expense limitation agreement, which is September 14, 2027. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. <div id="xdx_A8B_eoef--ExpenseExampleWithRedemptionTableTextBlock_zkvGYah0waEi"></div> <table cellpadding="0" cellspacing="0" id="xdx_A5A_dU_zWrt6d36KURg" style="font: 10pt Times New Roman, Times, Serif; width: 100%" summary="xdx: Disclosure - Expense Example"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 67%; padding-right: 5.4pt; padding-left: 5.4pt">Although your actual costs may be higher or lower, based on these assumptions your costs would be:</td> <td id="xdx_482_eoef--ExpenseExampleYear01_zO43kJLHBGE4" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 6%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; vertical-align: bottom">1 Year</td> <td id="xdx_480_eoef--ExpenseExampleYear03_zaR3rxcVlMId" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; vertical-align: bottom">3 Years</td> <td id="xdx_481_eoef--ExpenseExampleYear05_zR3CCkmqN5yk" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; vertical-align: bottom">5 Years</td> <td id="xdx_486_eoef--ExpenseExampleYear10_zG6A1GrfqBxi" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; vertical-align: bottom">10 Years</td></tr> <tr id="xdx_413_20260828__20260828__oef--ClassAxis__custom--C000259244Member_zrDEuyrRnl79" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt">Investor Class Shares</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$117</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$435</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$776</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$1,738</td></tr> <tr id="xdx_41A_20260828__20260828__oef--ClassAxis__custom--C000259243Member_zMnIX9NJEpri" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt">Institutional Class Shares</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$102</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$382</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$684</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$1,540</td></tr> </table> 117 435 776 1738 102 382 684 1540 Portfolio Turnover 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 Shares are held in a taxable account. These costs, which are not reflected in the Total Annual Fund Operating Expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Predecessor Fund’s turnover rate was 49% of the average value of its portfolio. 0.49 Principal Investment Strategies of the Fund Vulcan Value Partners Small Cap Fund The Vulcan Value Partners Small Cap Fund seeks to achieve long-term capital appreciation by purchasing securities of publicly traded small-cap companies that Vulcan Value Partners, LLC (“Vulcan” or the “Adviser”) believes to be both undervalued and possessing a quality that gives a company a non-temporary advantage over its peers (or a “Sustainable Competitive Advantage”). Under normal circumstances, at least eighty percent (80%) of the Fund’s net assets are invested in small-cap companies. For purposes of the Fund’s 80% investment policy, the Fund considers small-cap companies to be those companies whose market capitalization at the time of initial purchase is within the market capitalization range of companies in the Russell 2000® Index during the most recent 12-month period. As of June 30, 2026, the latest reconstitution date, this range was approximately $146.4 million to $71.9 billion; however, this capitalization range is expected to change over time. The Adviser seeks to purchase for the Fund publicly traded companies at significant discounts to intrinsic worth. The Fund’s portfolio managers typically use a discounted cash flow analysis to determine intrinsic worth. The Adviser seeks to invest the Fund’s assets for the long term, limiting the selection of qualifying investments to good businesses with identifiable, Sustainable Competitive Advantages that allow a company to outcompete peers to maximize returns and to minimize risk. Identifiable, Sustainable Competitive Advantages may include factors such as switching costs, brand, and scale among others. The Adviser generally defines risk as the probability of permanently losing capital over a five-year period. Permanent loss of capital could occur if the Adviser has to sell a Fund position at a loss because its estimated intrinsic value falls below the market price, resulting in the loss of a margin of safety. The Adviser generally sells Fund stock positions when they approach their intrinsic worth as estimated by the portfolio managers. The Adviser seeks to determine business or intrinsic value through disciplined financial analysis. Typically, the Adviser’s intrinsic value analysis includes a discounted cash flow analysis based on individual company financial statements and guidance, internal estimates of future growth in earnings and profitability, and qualitative research. Leverage is an important consideration in the analysis because it increases both the risk and the potential for return. The Adviser believes that a good business can enhance its returns to equity investors with an efficient capital structure and prudent leverage, but the Adviser generally views leveraged businesses with skepticism. The Adviser believes that equities purchased at prices substantially less than their intrinsic worth generally afford capital protection from significant permanent loss and also create the possibility of substantial appreciation if the market recognizes the company’s economic value. To minimize business ownership risk, the Adviser evaluates business risks, assesses key management employee’s business impact and scrutinizes competitive market strengths and weaknesses in the assessment of long-term investment qualifications. The Adviser seeks to limit Fund investments to businesses that are run by ethical, capable, stockholder-oriented management teams that also are good operators and, very importantly, understand the importance of capital allocation. This portfolio strategy invests in companies with smaller market capitalizations. While the Adviser does not have any defined cutoffs, it generally uses the Russell 2000® as a guide to define the universe of small capitalization companies, and any small publicly traded company with reasonable economics would be a potential investment in this portfolio. As of June 30, 2026, the median market capitalization of the Russell 2000® Index was approximately $1.12 billion, the top of this range was approximately $71.9 billion. The capitalization range of the companies in the Fund will change over time. A core Fund position is generally approximately 5% of the Fund’s portfolio, so that theoretically the Fund would seek to hold about 20 companies, spread across various industries. Because it is rare that the Adviser would find exactly 20 companies meeting the Fund’s investment guidelines, allocations will vary with the price to value ratio of specific companies. The Adviser may invest in positions as small as less than 1% of the Fund’s portfolio when price to value ratios are higher. The Adviser generally will not invest the Fund’s assets in any business that is trading above the Adviser’s estimate of the business’s fair value. The Adviser may invest up to 30% of the Fund’s net assets in publicly traded foreign securities which may consist in whole or in part of securities of issuers in emerging markets. The Adviser may subject the Fund to Currency Risk when it invests in securities denominated in, or which receive revenues in, non-U.S. currencies. If investments meeting the Fund’s criteria are not available, the Adviser may invest the Fund’s assets temporarily in obligations of the U.S. government and its agencies, or in other money market instruments. The Fund is non-diversified, which means that it may take a more focused approach to investing. Under normal circumstances, at least eighty percent (80%) of the Fund’s net assets are invested in small-cap companies. As with any investment, there is a risk that you could lose all or a portion of your investment in the Fund. <div id="xdx_A8E_eoef--RiskTextBlock_hoef--RiskAxis__custom--EquitySecuritiesRiskMember_zXhwbE4bEUA6"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Equity Securities Risk. Equity prices fluctuate and may decline in response to developments at individual companies or general economic conditions including interest rate levels, political events, war, natural disasters and the spread of infectious illness or other public health issues. If the value of Fund’s investments goes down and you redeem your shares, you could lose money. While the ability to hold shares through periods of volatility may protect long-term investments from permanent loss, Fund investments might not be profitable either because the market fails to recognize the value or because the Adviser misjudged the value of the investment.</td></tr></table> <div id="xdx_A8B_eoef--RiskTextBlock_hoef--RiskAxis__custom--BusinessOwnershipRiskMember_zODDtyrLWumh"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Business Ownership Risk. The Fund treats investing as partial ownership of qualifying businesses. As partial owners of these companies, the Fund faces the risks inherent in owning a business.</td></tr></table> <div id="xdx_A81_eoef--RiskTextBlock_hoef--RiskAxis__custom--SmallsizeCompanyRiskMember_zqTF3WBWGZsi"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Small-Size Company Risk. The Fund’s investments in securities issued by small-sized companies, which can include companies offering emerging products or services, may involve greater risks than are customarily associated with larger, more established companies. Securities issued by small-sized companies tend to be more volatile and somewhat more speculative than securities issued by larger or more established companies and may underperform as compared to the securities of larger companies.</td></tr></table> <div id="xdx_A8B_eoef--RiskTextBlock_hoef--RiskAxis__oef--RiskNondiversifiedStatusMember_zVIGGlbK9Q9f"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Non-diversification Risk and Securities Concentration Limitations. The Fund is classified as non-diversified. As a result, an increase or decrease in the value of a single security may have a greater impact on the Fund’s NAV and total return. Being non-diversified may also make the Fund more susceptible to financial, economic, political or other developments that may impact a security. Although the Fund may from time to time satisfy the requirements for a diversified fund, its non-diversified classification gives the Fund’s portfolio managers more flexibility to hold larger positions in a smaller number of securities than a fund that is classified as diversified.</td></tr></table> <div id="xdx_A83_eoef--RiskTextBlock_hoef--RiskAxis__custom--CurrencyRiskMember_zUola9AAGeGa"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Currency Risk. The value of the Fund’s investments may fall as a result of changes in exchange rates.</td></tr></table> <div id="xdx_A89_eoef--RiskTextBlock_hoef--RiskAxis__custom--EconomicAndMarketEventsRiskMember_zetvyBjzDBzl"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Economic and Market Events Risk. Markets can be volatile in response to a number of factors, as well as broader economic, political, military and regulatory conditions. Events in the U.S. and global financial markets, including actions taken by the U.S. Federal Reserve or foreign central banks to stimulate or stabilize economic growth, may at times result in unusually high market volatility, which could negatively impact performance and may prevent execution of the Fund’s strategy successfully. It is not always possible to access certain markets or to sell certain investments at a particular time or at an acceptable price, thereby impacting the liquidity of a given portfolio. The value of the fund will change daily based on changes in market, economic, industry, political, military, regulatory, geopolitical, and other considerations.</td></tr></table> <div id="xdx_A83_eoef--RiskTextBlock_hoef--RiskAxis__custom--EmergingMarketsRiskMember_zWDt3OFly3q6"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Emerging Markets Risk. To the extent that the Fund invests in issuers located in emerging markets, the risk of loss may be heightened by political changes and changes in taxation or currency controls that could adversely affect the values of these investments. Emerging markets have the same risks as Non-U.S. Securities, however, have exacerbated risk because they have been more volatile than the markets of developed countries with more mature economies.</td></tr></table> <div id="xdx_A8C_eoef--RiskTextBlock_hoef--RiskAxis__custom--ManagedPortfolioRiskMember_zz4trmtXToc1"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Managed Portfolio Risk. The manager’s investment strategies or choice of specific securities may be unsuccessful and may cause the Fund to incur losses.</td></tr></table> <div id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--NonUSSecuritiesRiskMember_z9VUsUzcrChl"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Non-U.S. Securities Risk. Non-U.S. securities are subject to the risks of foreign currency fluctuations, generally higher volatility and lower liquidity than U.S. securities, less developed securities markets and economic systems and political and economic instability. Non-U.S. investments are also not subject to the same regulatory and transparency requirements and protections as those of U.S. based transactions.</td></tr></table> <div id="xdx_A88_eoef--RiskTextBlock_hoef--RiskAxis__custom--ValueStocksRiskMember_z3Wutu0aWAr"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Value Stocks Risk. The Fund invests in companies that the portfolio managers believe to be selling at a discount to their intrinsic value. Value investing is subject to the risk that a company’s intrinsic value may never be fully realized by the market or that a company judged by the Fund to be undervalued may actually be appropriately priced.</td></tr></table> An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. The bar chart depicts the change in performance from year to year during the periods indicated. If sales charges were included, the returns would be lower. The Fund is the successor to the predecessor Vulcan Value Partners Small Cap Fund (the “Predecessor Fund”), a mutual fund with substantially similar investment objectives, policies, and restrictions, as a result of the reorganization of the Predecessor Fund into the Fund on September 12, 2025. The performance provided in the bar chart and table includes the Fund and Predecessor Fund. The table compares the Fund’s average annual returns for the periods indicated to broad-based securities market indices. The indices are not actively managed and are not available for direct investment. The bar charts and performance tables assume reinvestment of dividends and distributions. The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance information is available on the Fund’s website at https://vulcanvaluepartners.com/strategies/small-cap/mutual-fund or by calling 1-877-421-5078. The following information provides some indication of the risks of investing in the Fund by showing how the Fund’s performance has varied over time. The Fund’s past performance (before and after taxes) does not necessarily indicate how it will perform in the future. https://vulcanvaluepartners.com/strategies/small-cap/mutual-fund 1-877-421-5078 Annual Total Returns (For the Calendar Year Ended 12/31)*# <div id="xdx_A8F_eoef--BarChartTableTextBlock_ztNAoMgiqw77"></div> <table border="0" cellpadding="0" cellspacing="0" id="xdx_A59_dU_zqOB3vFmMde9" style="font: 11pt Aptos Narrow; display: none; visibility: hidden; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Total Returns"> <tr style="vertical-align: bottom"> <td style="text-align: left; width: 68%"> </td> <td style="width: 32%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2016</td> <td id="xdx_982_eoef--AnnlRtrPct_dp_c20160101__20161231__oef--ClassAxis__custom--C000259244Member_zV6BwYGxgxD4" style="text-align: right">18.82%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2017</td> <td id="xdx_98D_eoef--AnnlRtrPct_dp_c20170101__20171231__oef--ClassAxis__custom--C000259244Member_zlOFvbSW3OMk" style="text-align: right">11.46%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2018</td> <td id="xdx_989_eoef--AnnlRtrPct_dp_c20180101__20181231__oef--ClassAxis__custom--C000259244Member_zlN8hAvg252a" style="text-align: right">-14.31%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2019</td> <td id="xdx_980_eoef--AnnlRtrPct_dp_c20190101__20191231__oef--ClassAxis__custom--C000259244Member_zMQzemwStSQh" style="text-align: right">35.87%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2020</td> <td id="xdx_988_eoef--AnnlRtrPct_dp_c20200101__20201231__oef--ClassAxis__custom--C000259244Member_z1QkLVM389V3" style="text-align: right">-3.33%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2021</td> <td id="xdx_982_eoef--AnnlRtrPct_dp_c20210101__20211231__oef--ClassAxis__custom--C000259244Member_zaJCCoD1indl" style="text-align: right">45.29%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2022</td> <td id="xdx_98A_eoef--AnnlRtrPct_dp_c20220101__20221231__oef--ClassAxis__custom--C000259244Member_z3csz0xMtgda" style="text-align: right">-45.20%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2023</td> <td id="xdx_981_eoef--AnnlRtrPct_dp_c20230101__20231231__oef--ClassAxis__custom--C000259244Member_zxwC2ADdjMm5" style="text-align: right">19.75%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2024</td> <td id="xdx_989_eoef--AnnlRtrPct_dp_c20240101__20241231__oef--ClassAxis__custom--C000259244Member_zIxnY1JTpOal" style="text-align: right">-1.40%</td></tr> <tr> <td>2025</td> <td id="xdx_98D_eoef--AnnlRtrPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000259244Member_z5XXOvW9YRDg">8.86%</td></tr> </table> <img alt="" src="chart_004.jpg" style="height: 299px; width: 500px"/> 0.1882 0.1146 -0.1431 0.3587 -0.0333 0.4529 -0.4520 0.1975 -0.0140 0.0886 <div id="xdx_A8F_eoef--BarChartClosingTextBlock_z6S3XgKUo8uj"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: left"> <td style="width: 20%"> </td> <td style="width: 60%">*The bar chart above shows returns for Investor Class shares. #As of June 30, 2026, the year-to-date total return was 5.33% for the Investor Class shares.</td> <td style="width: 20%"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td colspan="3" style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"> </td> <td style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Return</td> <td style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Quarter/Year</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td colspan="3" style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">Highest Return</td> <td style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">39.75%</td> <td style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Q4/2020</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td colspan="3" style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">Lowest Return</td> <td style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">-42.25%</td> <td style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Q1/2020</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td colspan="3" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td></tr> </table> 2026-06-30 year-to-date total return 0.0533 Highest Return 0.3975 Lowest Return -0.4225 Average Annual Total Returns (for the Periods Ended December 31, 2025) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 57%; text-align: justify">Institutional Class Shares</td> <td id="xdx_492_20250101__20251231_zI5kpMAh7zgk" style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 11%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">One Year</td> <td id="xdx_498_20210101__20251231_zA2DTZwbzJ9a" style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 10%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">Five Year</td> <td style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Since Inception*</td> <td id="xdx_492_20160101__20251231_znSle8apxhC6" style="border-top: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Ten Year</td></tr> <tr id="xdx_409_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000259243Member_zPjavRu7iGB2" style="font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">Return Before Taxes</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">9.09%</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">0.70%</td> <td id="xdx_989_eoef--AvgAnnlRtrPct_dp_c20190501__20251231__oef--ClassAxis__custom--C000259243Member_fKg_____zTpOXG24g367" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">1.88%</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">-</td></tr> <tr id="xdx_403_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000259243Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_zI660HvtpFia" style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">Return After Taxes on Distributions</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">7.98%</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">(1.60%)</td> <td id="xdx_985_eoef--AvgAnnlRtrPct_dp_c20190501__20251231__oef--ClassAxis__custom--C000259243Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_fKg_____z7322U72Yn9c" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">(0.05%)</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">-</td></tr> <tr id="xdx_40B_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000259243Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zdFYWFKLM9k9" style="font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt">Return After Taxes on Distributions and Sale of Fund Shares</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">5.36%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">0.08%</td> <td id="xdx_987_eoef--AvgAnnlRtrPct_dp_c20190501__20251231__oef--ClassAxis__custom--C000259243Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_fKg_____zFDjh3fQAfdg" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">1.09% </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">- </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt">Investor Class Shares</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify"> </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify"> </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> </td></tr> <tr id="xdx_402_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000259244Member_z3qKob6EEP4g" style="font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt">Return Before Taxes</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">8.86%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">0.46%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">N/A</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">4.31%</td></tr> <tr id="xdx_408_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000259244Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_zRaoKMv78jIl" style="font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt">Return After Taxes on Distributions</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">7.80%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">(1.82%)</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">N/A</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">2.37%</td></tr> <tr id="xdx_40A_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000259244Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zGFXs6OkiQqg" style="font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt">Return After Taxes on Distributions and Sale of Fund Shares</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">5.23%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">(0.09%)</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">N/A </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">3.00%</td></tr> <tr id="xdx_407_eoef--AvgAnnlRtrPct_dp_hoef--PerformanceMeasureAxis__custom--SAndP500TotalReturnIndexMember_zq5M619P3Fb9" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt">S&P 500® Total Return Index (reflects no deductions for fees, expenses, or taxes)</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">17.88%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">14.42%</td> <td id="xdx_980_eoef--AvgAnnlRtrPct_dp_c20190501__20251231__oef--PerformanceMeasureAxis__custom--SAndP500TotalReturnIndexMember_fKg_____zub4Xn22h937" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">14.05%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">14.82%</td></tr> <tr id="xdx_403_eoef--AvgAnnlRtrPct_dp_hoef--PerformanceMeasureAxis__custom--Russell2000IndexMember_zKh971TXTHsa" style="font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt">Russell 2000 Index® (reflects no deductions for fees, expenses, or taxes) </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">12.81%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">6.09%</td> <td id="xdx_98C_eoef--AvgAnnlRtrPct_dp_c20190501__20251231__oef--PerformanceMeasureAxis__custom--Russell2000IndexMember_fKg_____zDYYvG31qAg3" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">8.51%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">9.62%</td></tr> <tr id="xdx_408_eoef--AvgAnnlRtrPct_dp_hoef--PerformanceMeasureAxis__custom--Russell2000ValueIndexMember_zJyvprumqIV" style="font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB"> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt">Russell 2000 Value Index® (reflects no deductions for fees, expenses, or taxes) </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">12.59%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">8.88%</td> <td id="xdx_980_eoef--AvgAnnlRtrPct_dp_c20190501__20251231__oef--PerformanceMeasureAxis__custom--Russell2000ValueIndexMember_fKg_____zCZR9ZCGQfdd" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">8.29%</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">9.27%</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">*</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Inception Date for Institutional Class Shares: May 1, 2019</td></tr></table> 0.0909 0.0070 0.0188 0.0798 -0.0160 -0.0005 0.0536 0.0008 0.0109 0.0886 0.0046 0.0431 0.0780 -0.0182 0.0237 0.0523 -0.0009 0.0300 (reflects no deductions for fees, expenses, or taxes) 0.1788 0.1442 0.1405 0.1482 0.1281 0.0609 0.0851 0.0962 0.1259 0.0888 0.0829 0.0927 2019-05-01 After-tax returns are calculated using the historical highest individual federal marginal income tax rates during the periods covered by the table above 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 Shares through tax-deferred arrangements such as an individual retirement account (“IRA”) or other tax-advantaged accounts. In certain cases, the figure representing “Return After Taxes on Distributions and Sale of Shares” may be higher than the other return figures for the same period. A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor. After-tax returns are calculated using the historical highest individual federal marginal income tax rates during the periods covered by the table above and do not reflect the impact of state and local taxes. After-tax returns shown are not relevant to investors who hold their Shares through tax-deferred arrangements such as an individual retirement account (“IRA”) or other tax-advantaged accounts. A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor. Vulcan Value Partners, LLC (“Vulcan” or the “Adviser”) has contractually agreed to limit the Fund’s total annual fund operating expenses (exclusive of Acquired Fund Fees and Expenses (if any), brokerage expenses, interest expense, taxes and extraordinary expenses) to 1.10% and 0.85% of the Fund’s average daily net assets with respect to Investor Class shares and Institutional Class shares, respectively through at least September 14, 2027. The Adviser will be permitted to recapture expenses it has borne through the agreement to the extent that the Fund’s expenses in later periods fall below the annual rates set forth in the agreement provided, however, that such recapture payments do not cause the Fund’s expense ratio (after recapture) to exceed the lesser of (i) the expense cap in effect at the time of the waiver and (ii) the expense cap then in effect at the time of the recapture. Notwithstanding the foregoing, the Fund will not pay any such deferred fees and expenses more than thirty-six months after the date on which the fee and expenses were deferred. Inception date for Institutional Class Shares: May 1, 2019 Vulcan Value Partners, LLC (“Vulcan” or the “Adviser”) has contractually agreed to limit the Fund’s total annual fund operating expenses (exclusive of Acquired Fund Fees and Expenses (if any), brokerage expenses, interest expense, taxes and extraordinary expenses) to 1.15% and 1.00% of the Funds’ average daily net assets with respect to Investor Class shares and Institutional Class shares, respectively, through at least September 14, 2027. The Adviser will be permitted to recapture expenses it has borne through the agreement to the extent that the Fund’s expenses in later periods fall below the annual rates set forth in the agreement provided, however, that such recapture payments do not cause the Fund’s expense ratio (after recapture) to exceed the lesser of (i) the expense cap in effect at the time of the waiver and (ii) the expense cap then in effect at the time of the recapture. Notwithstanding the foregoing, the Fund will not pay any such deferred fees and expenses more than thirty-six months after the date on which the fee and expenses were deferred. Inception Date for Institutional Class Shares: May 1, 2019