Huber Small Cap Value Fund
Schedule of Investments
July 31, 2026 (Unaudited)

COMMON STOCKS - 96.5%

Shares  

Value  
Asset Management - 0.6%

Virtus Investment Partners, Inc.

            4,081

    $        650,307






Automotive - 0.1%

Goodyear Tire & Rubber Co. (a)

            20,000

             139,000






Banking - 20.0%

C&F Financial Corp.

            39,394

             3,253,550
Carter Bankshares, Inc.

            134,813

             4,661,833
First Citizens BancShares, Inc. - Class A

            683

             1,493,482
First Horizon Corp.

            131,679

             3,376,250
First United Corp.

            78,008

             3,443,273
Northrim BanCorp, Inc.

            136,208

             3,610,874
Old National Bancorp

            26,029

             693,413




             20,532,675






Banks - 2.0%

First Northwest Bancorp (a)

            49,199

             563,820
NewtekOne, Inc.

            35,001

             519,065
SOUTHSTATE BANK CORP

            9,241

             971,137




             2,054,022






Biotech & Pharmaceuticals - 2.6%

Cipher Pharmaceuticals, Inc. (a)

            224,700

             2,697,650






Chemicals - 1.8%

Huntsman Corp.

            101,400

             989,664
Innospec, Inc.

            9,440

             811,651




             1,801,315






Commercial Support Services - 0.9%

H&R Block, Inc.

            20,100

             885,003






Consumer Services - 5.0%

Upbound Group, Inc.

            263,394

             5,107,210






Entertainment - 4.6%

Lionsgate Studios Corp. (a)

            211,106

             2,803,488
Starz Entertainment Corp. (a)

            74,609

             1,941,326




             4,744,814






Food - 3.4%

Herbalife Ltd. (a)

            284,400

             3,532,248






Health Care Facilities & Services - 1.4%

Tenet Healthcare Corp. (a)

            5,801

             1,477,979






Healthcare-Products - 0.9%

Utah Medical Products, Inc.

            12,989

             915,984








Insurance - 3.6%

CNO Financial Group, Inc.

            67,244

             3,704,472






Internet - 1.6%

F5 Networks, Inc. (a)

            4,000

             1,610,280






Internet Media & Services - 1.3%

Lyft, Inc. - Class A (a)

            83,200

             1,319,552






Leisure Facilities & Services - 1.6%

Boston Pizza Royalties Income Fund

            101,654

             1,613,440






Oil & Gas Producers - 11.5%

Golar LNG Ltd.

            181,238

             8,907,848
Gulfport Energy Corp. (a)

            800

             129,096
W&T Offshore, Inc.

            776,700

             2,788,353




             11,825,297






Oil & Gas Services & Equipment - 5.2%

TETRA Technologies, Inc. (a)

            690,298

             5,315,295






Packaging & Containers - 4.1%

O-I Glass, Inc. (a)

            587,650

             4,201,698






Software - 5.8%

Weave Communications, Inc. (a)

            905,747

             5,923,585






Specialty Finance - 7.6%

Enova International, Inc. (a)

            30,702

             7,802,606






Technology Services - 7.4%

KBR, Inc.

            156,875

             5,743,194
Science Applications International Corp.

            16,110

             1,886,964




             7,630,158






Transportation Equipment - 3.5%

Commercial Vehicle Group, Inc. (a)

            794,752

             3,600,227
TOTAL COMMON STOCKS (Cost $44,297,728)

             99,084,817






REAL ESTATE INVESTMENT TRUSTS - 1.1%

Shares  

Value  
REITS - 1.1%

Granite Real Estate Investment Trust

            16,937

             1,162,399
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $521,812)

             1,162,399






SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 3.1%
Shares  

Value  
First American Government Obligations Fund - Class X, 3.58% (b)

            3,233,747

             3,233,747
TOTAL MONEY MARKET FUNDS (Cost $3,233,747)

             3,233,747






TOTAL INVESTMENTS - 100.7% (Cost $48,053,287)

             103,480,963
Liabilities in Excess of Other Assets - (0.7)%
(0.00723)
            (742,951)
TOTAL NET ASSETS - 100.0%




    $        102,738,012


Percentages are stated as a percent of net assets.






REIT - Real Estate Investment Trust



(a)

Non-income producing security.
(b)

The rate shown represents the 7-day annualized yield as of July 31, 2026.




























Summary of Fair Value Disclosure as of July 31, 2026 (Unaudited)
 
Huber Small Cap Value Fund has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of July 31, 2026:



Level 1

Level 2

Level 3

Total
Investments:







  Common Stocks
    $        99,084,817

    $        –

    $        –

    $        99,084,817
  Real Estate Investment Trusts
            1,162,399

            –

            –

            1,162,399
  Money Market Funds
            3,233,747

            –

            –

            3,233,747
Total Investments
    $        103,480,963

    $        –

    $        –

    $        103,480,963