| Grandeur Peak Global Explorer Fund | Schedule of Investments |
| July 31, 2026 (Unaudited) |
| Shares | Fair Value | |||||||
| COMMON STOCKS — 99.54% | ||||||||
| Australia — 6.07% | ||||||||
| MA Financial Group Ltd(a) | 70,182 | $ | 282,191 | |||||
| Pinnacle Investment Management Group(a) | 59,838 | 673,341 | ||||||
| 955,532 | ||||||||
| Belgium — 2.40% | ||||||||
| Melexis NV | 4,803 | 378,411 | ||||||
| China — 3.00% | ||||||||
| Silergy Corp(a) | 37,000 | 473,052 | ||||||
| France — 3.21% | ||||||||
| Virbac S.A.CA | 1,301 | 506,503 | ||||||
| India — 4.05% | ||||||||
| PB Fintech Ltd(a) | 19,729 | 331,189 | ||||||
| Varun Beverages Ltd. | 66,110 | 306,498 | ||||||
| 637,687 | ||||||||
| Italy — 7.91% | ||||||||
| Ferrari N.V. (a) | 919 | 360,540 | ||||||
| Interpump Group SpA | 9,813 | 393,244 | ||||||
| Moncler S.p.A. | 5,238 | 296,673 | ||||||
| Recordati SpA | 3,292 | 196,138 | ||||||
| 1,246,595 | ||||||||
| Japan — 6.07% | ||||||||
| Japan Elevator Service Holdings Company Ltd. | 27,900 | 296,751 | ||||||
| Maruwa Co Ltd/Aichi(a) | 1,100 | 383,821 | ||||||
| Monotaro Company, Ltd. | 21,900 | 275,585 | ||||||
| 956,157 | ||||||||
| Luxembourg — 2.33% | ||||||||
| Eurofins Scientific S.E. (a) | 4,660 | 366,392 | ||||||
| Philippines — 2.15% | ||||||||
| International Container Terminal Services, Inc. (a) | 21,500 | 338,198 | ||||||
| South Korea — 5.22% | ||||||||
| D’Alba Global Company Ltd. (a) | 2,940 | 450,255 | ||||||
| Park Systems Corp(a) | 2,102 | 371,442 | ||||||
| 821,697 | ||||||||
| Sweden — 9.88% | ||||||||
| AddTech AB(a) | 12,446 | 453,062 | ||||||
| Asker Healthcare Group AB | 53,257 | 453,065 | ||||||
| Lagercrantz Group AB(a) | 12,167 | 286,240 | ||||||
| Vimian Group AB(ba) | 102,026 | 364,325 | ||||||
| 1,556,692 | ||||||||
| Taiwan — 4.64% | ||||||||
| Acter Company LTD(a) | 8,000 | 229,081 | ||||||
| Asia Vital Components Co., Ltd. (a) | 7,000 | 502,740 | ||||||
| 731,821 | ||||||||
| United Kingdom — 12.81% | ||||||||
| Diploma plc | 5,881 | 580,174 | ||||||
| Marex Group Ltd.(a) | 6,809 | 442,040 | ||||||
| Rosebank Industries plc(a) | 133,407 | 604,107 | ||||||
| Shares | Fair Value | |||||||
| COMMON STOCKS — 99.54% (continued) | ||||||||
| United Kingdom — 12.81% (continued) | ||||||||
| Volution Group PLC(a) | 47,014 | $ | 392,206 | |||||
| 2,018,527 | ||||||||
| United States — 29.80% | ||||||||
| Badger Meter, Inc. (a) | 1,253 | 168,341 | ||||||
| Dexcom, Inc.(a) | 5,506 | 459,476 | ||||||
| Freshpet, Inc.(a) | 4,076 | 242,685 | ||||||
| ITT, Inc. | 2,560 | 501,709 | ||||||
| JFrog Ltd.(a) | 2,723 | 217,268 | ||||||
| Kadant, Inc. | 1,363 | 419,123 | ||||||
| LeMaitre Vascular, Inc. | 5,572 | 564,555 | ||||||
| Monolithic Power Systems, Inc. | 171 | 243,851 | ||||||
| Mueller Water Products, Inc., Class A, Series A(a) | 8,900 | 224,636 | ||||||
| Ollie’s Bargain Outlet Holdings, Inc.(a) | 7,459 | 548,013 | ||||||
| Pattern Group, Inc.(a) | 10,854 | 249,859 | ||||||
| Pjt Partners, Inc., Class A | 1,875 | 315,581 | ||||||
| Rubrik, Inc., Class A(a) | 4,017 | 290,670 | ||||||
| XPEL, Inc.(a) | 5,602 | 248,561 | ||||||
| 4,694,328 | ||||||||
| Total Common Stocks (Cost $14,253,309) | 15,681,592 | |||||||
| Total
Common Stocks/ Investments — 99.54% (Cost $14,253,309) | 15,681,592 | |||||||
| Other Assets in Excess of Liabilities — 0.46% | 71,924 | |||||||
| NET ASSETS — 100.00% | $ | 15,753,516 | ||||||
| (a) | Non-income producing security. |