| Grandeur Peak Global Reach Fund | Portfolio of Investments |
| July 31, 2026 (Unaudited) |
| Shares | Fair Value | |||||||
| COMMON STOCKS — 99.95% | ||||||||
| Australia — 5.56% | ||||||||
| Imdex Ltd(a) | 108,648 | $ | 282,312 | |||||
| IPD Group Ltd/Australia(a) | 190,978 | 649,548 | ||||||
| MA Financial Group Ltd(a) | 180,011 | 723,796 | ||||||
| Mader Group Ltd(a) | 58,948 | 286,417 | ||||||
| Navigator Global Investments Limited(a) | 304,782 | 497,919 | ||||||
| Pinnacle Investment Management Group(a) | 81,159 | 913,260 | ||||||
| PWR Holdings Ltd. (a) | 29,140 | 203,555 | ||||||
| Qualitas Ltd(a),(b) | 441,845 | 942,744 | ||||||
| 4,499,551 | ||||||||
| Belgium — 1.35% | ||||||||
| Azelis Group N.V. | 28,330 | 369,607 | ||||||
| Melexis NV | 5,271 | 415,284 | ||||||
| X-Fab Silicon Foundries S.E. 144A(a),(b),(c) | 41,162 | 307,920 | ||||||
| 1,092,811 | ||||||||
| Brazil — 1.02% | ||||||||
| Track & Field Co SA | 286,300 | 825,176 | ||||||
| Canada — 3.23% | ||||||||
| 5N Plus, Inc.(a) | 25,910 | 602,201 | ||||||
| Aritzia Inc(a) | 4,130 | 411,536 | ||||||
| BioSyent, Inc.(a) | 42,000 | 441,941 | ||||||
| Groupe Dynamite, Inc. (a) | 11,900 | 480,577 | ||||||
| Kraken Robotics, Inc.(a) | 68,400 | 283,502 | ||||||
| TerraVest Industries, Inc. | 4,825 | 393,188 | ||||||
| 2,612,945 | ||||||||
| China — 1.94% | ||||||||
| Beijing Huafeng Test & Control | 4,456 | 235,975 | ||||||
| Shanghai Forest Cabin Cosmetics Group Company Ltd. (a),(b) | 33,600 | 212,247 | ||||||
| Shenzhen New Industries Biomed | 44,809 | 317,591 | ||||||
| Silergy Corp(a) | 43,700 | 558,713 | ||||||
| Zylox-Tonbridge Medical Technology Company Ltd.(a),(b),(c) | 99,200 | 241,344 | ||||||
| 1,565,870 | ||||||||
| Denmark — 0.43% | ||||||||
| Chemometec A/S(a) | 5,257 | 350,840 | ||||||
| Finland — 0.52% | ||||||||
| Harvia Oyj(a) | 8,786 | 418,067 | ||||||
| France — 1.81% | ||||||||
| Antin Infrastructure Partners | 18,775 | 189,071 | ||||||
| Thermador Groupe(a) | 2,386 | 208,352 | ||||||
| Virbac S.A. | 2,739 | 1,066,343 | ||||||
| 1,463,766 | ||||||||
| Germany — 2.26% | ||||||||
| Dermapharm Holding SE | 8,294 | 392,264 | ||||||
| Elmos Semiconductor AG | 1,930 | 325,043 | ||||||
| Friedrich Vorwerrk Group SE(a) | 3,614 | 273,478 | ||||||
| Gabler Group A.G.(a) | 8,389 | 367,726 | ||||||
| Pfisterer Holding S.E. | 5,329 | 468,416 | ||||||
| 1,826,927 | ||||||||
| Shares | Fair Value | |||||||
| COMMON STOCKS — 99.95% (continued) | ||||||||
| Hong Kong — 0.40% | ||||||||
| Plover Bay Tech(a),(b) | 307,700 | $ | 327,220 | |||||
| India — 6.54% | ||||||||
| 360 ONE WAM Ltd. (a) | 21,822 | 259,686 | ||||||
| Action Construction Equipment Ltd. (a) | 44,480 | 499,015 | ||||||
| Aditya Vision Ltd(a) | 75,941 | 507,896 | ||||||
| Anant Raj Ltd. | 72,734 | 476,117 | ||||||
| Cartrade Tech Ltd.(a) | 8,273 | 235,837 | ||||||
| Gulf Oil Lubricants India Ltd. (a) | 25,707 | 288,134 | ||||||
| NRB Bearings Ltd. (a) | 66,982 | 287,792 | ||||||
| PB Fintech Ltd(a) | 50,876 | 854,050 | ||||||
| Rainbow Children’s Medicare Ltd. | 19,482 | 311,502 | ||||||
| SJS Enterprises Ltd | 34,902 | 874,985 | ||||||
| Supriya Lifescience Ltd(a) | 33,622 | 305,553 | ||||||
| Varun Beverages Ltd. | 84,476 | 391,646 | ||||||
| 5,292,213 | ||||||||
| Indonesia — 0.13% | ||||||||
| Cisarua Mountain Dairy PT TBK(a) | 414,700 | 105,826 | ||||||
| Israel — 0.19% | ||||||||
| Next Vision Stabilized Systems(a) | 2,005 | 155,770 | ||||||
| Italy — 2.98% | ||||||||
| Diasorin SPA | 5,294 | 438,836 | ||||||
| Interpump Group SpA | 17,984 | 720,688 | ||||||
| Moncler S.p.A. | 7,121 | 403,323 | ||||||
| Pharmanutra SpA | 3,785 | 363,262 | ||||||
| Recordati SpA | 8,167 | 486,591 | ||||||
| 2,412,700 | ||||||||
| Japan — 8.04% | ||||||||
| AZOOM Co Ltd(a) | 12,400 | 362,637 | ||||||
| BuySell Technologies Company Ltd. (a) | 9,400 | 175,512 | ||||||
| Charm Care Corp KK | 66,400 | 566,081 | ||||||
| Integral Corp | 25,100 | 462,190 | ||||||
| Istyle, Inc. | 67,600 | 187,715 | ||||||
| Japan Elevator Service Holdings Company Ltd. | 31,600 | 336,105 | ||||||
| Kinden Corp | 8,300 | 369,705 | ||||||
| Kitz Corp | 23,000 | 317,893 | ||||||
| Lifedrink Co., Inc. (a) | 21,300 | 193,499 | ||||||
| Mani, Inc. (a) | 49,900 | 474,005 | ||||||
| Maruwa Co Ltd/Aichi(a) | 1,500 | 523,393 | ||||||
| Monotaro Company, Ltd. | 40,000 | 503,352 | ||||||
| Seiwa Holdings Company Ltd.(a) | 46,400 | 413,648 | ||||||
| Shin Maint Holdings Company Ltd. (a) | 35,000 | 229,342 | ||||||
| Tokyo Ohka Kogyo Co Ltd | 7,700 | 429,667 | ||||||
| Tokyo Seimitsu Company Limited | 3,600 | 388,106 | ||||||
| Totech Corp | 13,700 | 333,090 | ||||||
| Visional Inc(a) | 4,400 | 240,852 | ||||||
| 6,506,792 | ||||||||
| Luxembourg — 1.05% | ||||||||
| Eurofins Scientific S.E. (a) | 10,794 | 848,678 | ||||||
| Mexico — 2.05% | ||||||||
| BBB Foods Inc(a) | 4,916 | 203,178 | ||||||
| Grandeur Peak Global Reach Fund | Portfolio of Investments |
| July 31, 2026 (Unaudited) (Continued) |
| Shares | Fair Value | |||||||
| COMMON STOCKS — 99.95% (continued) | ||||||||
| Mexico — 2.05% (continued) | ||||||||
| Corp Inmobiliaria Vesta S.A.B. de C.V. -ADR | 150,300 | $ | 519,386 | |||||
| Corporativo Fragua SAB de CV(a) | 24,772 | 700,717 | ||||||
| Regional S.A.B. de C.V. (a) | 28,300 | 232,840 | ||||||
| 1,656,121 | ||||||||
| Netherlands — 1.29% | ||||||||
| ASM International N.V. | 392 | 362,291 | ||||||
| IMCD N.V. | 3,545 | 387,582 | ||||||
| Redcare Pharmacy N.V. 144A(a),(b),(c) | 4,174 | 295,632 | ||||||
| 1,045,505 | ||||||||
| Philippines — 0.94% | ||||||||
| International Container Terminal Services, Inc. (a) | 22,970 | 361,322 | ||||||
| Philippine Seven Corp | 713,380 | 395,028 | ||||||
| 756,350 | ||||||||
| Poland — 0.22% | ||||||||
| Zabka Group S.A. | 21,109 | 179,680 | ||||||
| Saudi Arabia — 0.92% | ||||||||
| Rasan Information Technology Company(a) | 21,551 | 747,095 | ||||||
| Singapore — 0.28% | ||||||||
| iFAST Corp Ltd. | 31,900 | 226,119 | ||||||
| South Korea — 4.91% | ||||||||
| D’Alba Global Company Ltd. (a) | 5,011 | 767,424 | ||||||
| FNS Tech Company Ltd. (a) | 48,406 | 375,695 | ||||||
| HD Hyundai Marine Solution Co | 2,126 | 271,081 | ||||||
| HPSP Company Ltd. (a) | 9,863 | 236,485 | ||||||
| iFamilySC Co Ltd(a) | 43,644 | 228,344 | ||||||
| LEENO Industrial Inc. (a) | 7,957 | 353,448 | ||||||
| Park Systems Corp(a) | 2,849 | 503,444 | ||||||
| Pond Group Co Ltd(a) | 35,942 | 110,836 | ||||||
| Pumtech Korea Company Ltd. (a) | 9,804 | 313,201 | ||||||
| Sanil Electric Company Ltd. (a) | 4,897 | 485,950 | ||||||
| SEMCNS Company Ltd.(a) | 43,283 | 329,335 | ||||||
| 3,975,243 | ||||||||
| Sweden — 7.19% | ||||||||
| AddLife A.B. | 19,095 | 324,086 | ||||||
| AddTech A.B. (a) | 10,724 | 390,377 | ||||||
| Asker Healthcare Group AB(a) | 101,193 | 860,864 | ||||||
| BoneSupport Holding AB 144A(a),(b),(c) | 13,182 | 304,858 | ||||||
| Idun Industrier AB | 7,278 | 250,718 | ||||||
| Lagercrantz Group AB(a) | 18,114 | 426,149 | ||||||
| Lifco AB, Class B(a) | 12,628 | 429,713 | ||||||
| Momentum Group AB | 21,091 | 314,103 | ||||||
| Nordrest Holding A.B. | 23,752 | 627,390 | ||||||
| Sdiptech AB(a) | 13,560 | 344,362 | ||||||
| Swedencare AB(a) | 73,151 | 169,022 | ||||||
| Swedish Logistic(a) | 115,852 | 447,765 | ||||||
| Vimian Group AB(a) | 259,095 | 925,203 | ||||||
| 5,814,610 | ||||||||
| Switzerland — 1.14% | ||||||||
| Belimo Holding AG(a) | 280 | 290,956 | ||||||
| R&S Group Holding A.G. 144A(b),(c) | 12,337 | 319,272 | ||||||
| Shares | Fair Value | |||||||
| COMMON STOCKS — 99.95% (continued) | ||||||||
| Switzerland — 1.14% (continued) | ||||||||
| Ypsomed Holding AG | 652 | $ | 310,687 | |||||
| 920,915 | ||||||||
| Taiwan — 7.61% | ||||||||
| Acter Company LTD | 15,000 | 429,527 | ||||||
| Airtac International Group | 12,000 | 492,214 | ||||||
| Asia Vital Components Co., Ltd. (a) | 11,000 | 790,020 | ||||||
| ASPEED Technology, Inc. (a) | 1,000 | 449,649 | ||||||
| AURAS Technology Co. Ltd. | 16,000 | 446,770 | ||||||
| Chroma ATE, Inc. | 7,000 | 455,066 | ||||||
| Chung-Hsin Electric & Machinery | ||||||||
| Manufacturing(a) | 65,000 | 308,872 | ||||||
| Hon Precision, Inc. | 2,000 | 382,627 | ||||||
| Jentech Precision Industrial Co., Ltd. | 3,000 | 319,939 | ||||||
| Materials Analysis Technology, Inc. (a) | 36,208 | 233,705 | ||||||
| P-Duke Technology Company Ltd. (a) | 105,000 | 385,181 | ||||||
| Sinbon Electronics Co., Limited(a) | 56,000 | 513,141 | ||||||
| Sporton International, Inc. | 65,868 | 392,521 | ||||||
| Taiwan Speciality Chemicals Corporation(a) | 42,000 | 281,491 | ||||||
| Voltronic Power Technology | 9,247 | 273,949 | ||||||
| 6,154,672 | ||||||||
| United Arab Emirates — 0.47% | ||||||||
| Spinneys 1961 Holding PLC(a) | 1,101,377 | 380,778 | ||||||
| United Kingdom — 9.88% | ||||||||
| Ashtead Technology Holdings plc(a) | 57,259 | 316,005 | ||||||
| Cohort plc(a) | 30,055 | 496,596 | ||||||
| CVS Group plc(a) | 47,728 | 805,330 | ||||||
| Diploma plc | 8,383 | 827,002 | ||||||
| discoverIE Group plc | 36,142 | 377,494 | ||||||
| FRP Advisory Group PLC | 157,624 | 241,109 | ||||||
| Games Workshop Group PLC | 1,502 | 387,038 | ||||||
| Halma plc | 3,879 | 184,540 | ||||||
| Hill & Smith Holdings plc | 14,013 | 538,235 | ||||||
| Marex Group Ltd.(a) | 14,335 | 930,628 | ||||||
| Pollen Street Group Ltd(a) | 27,741 | 320,779 | ||||||
| Renew Holdings PLC | 23,167 | 280,065 | ||||||
| Rosebank Industries plc(a) | 184,283 | 834,489 | ||||||
| Shawbrook Group plc(a) | 59,140 | 261,427 | ||||||
| Softcat PLC(a) | 13,215 | 343,732 | ||||||
| Tatton Asset Management plc | 29,996 | 286,215 | ||||||
| Volution Group PLC(a) | 67,389 | 562,181 | ||||||
| 7,992,865 | ||||||||
| United States — 25.03% | ||||||||
| 4Imprint Group(a) | 7,635 | 423,732 | ||||||
| Abacus Life Inc(a) | 33,421 | 344,571 | ||||||
| Arxis, Inc.(a) | 7,955 | 431,957 | ||||||
| AtriCure, Inc.(a) | 20,044 | 756,861 | ||||||
| Badger Meter, Inc.(a) | 2,719 | 365,298 | ||||||
| Bel Fuse, Inc., Class B | 2,882 | 783,818 | ||||||
| Bowman Consulting Group Limited(a) | 7,376 | 198,046 | ||||||
| Coda Octopus Group, Inc.(a) | 27,036 | 274,145 | ||||||
| Core & Main, Inc., Class A(a) | 6,094 | 267,953 | ||||||
| CSW Industrials, Inc. | 1,352 | 431,193 | ||||||
| Dexcom, Inc.(a) | 12,060 | 1,006,407 | ||||||
| Ensign Group, Inc. (The) | 1,493 | 265,993 | ||||||
| Esquire Financial Holdings, Inc. | 2,624 | 339,073 | ||||||
| Eton Pharmaceuticals, Inc.(a) | 5,223 | 242,452 | ||||||
| Grandeur Peak Global Reach Fund | Portfolio of Investments |
| July 31, 2026 (Unaudited) (Continued) |
| Shares | Fair Value | |||||||
| COMMON STOCKS — 99.95% (continued) | ||||||||
| United States — 25.03% (continued) | ||||||||
| Federal Signal Corporation | 4,105 | $ | 512,920 | |||||
| FirstService Corporation | 1,800 | 253,569 | ||||||
| Freshpet, Inc.(a) | 10,377 | 617,847 | ||||||
| Harrow, Inc.(a) | 8,035 | 311,517 | ||||||
| HealthEquity, Inc.(a) | 2,778 | 279,495 | ||||||
| Houlihan Lokey, Inc. | 3,974 | 498,697 | ||||||
| IDEXX Laboratories, Inc.(a) | 1,054 | 589,260 | ||||||
| ITT, Inc. | 3,528 | 691,417 | ||||||
| JFrog Ltd.(a) | 5,606 | 447,303 | ||||||
| Kadant, Inc. | 2,012 | 618,690 | ||||||
| Kinsale Capital Group, Inc. | 787 | 280,503 | ||||||
| Kura Sushi USA, Inc.(a) | 4,358 | 200,773 | ||||||
| LeMaitre Vascular, Inc. | 11,076 | 1,122,220 | ||||||
| Limbach Holdings, Inc.(a) | 4,569 | 327,597 | ||||||
| Littelfuse, Inc. | 1,777 | 785,665 | ||||||
| Mama’s Creations Incorporated(a) | 35,068 | 646,303 | ||||||
| Miami International Holdings, Inc.(a) | 5,868 | 276,031 | ||||||
| Monolithic Power Systems, Inc. | 371 | 529,057 | ||||||
| M-Tron Industries, Inc.(a) | 7,427 | 611,836 | ||||||
| Mueller Water Products, Inc., Class A, Series A(a) | 13,124 | 331,250 | ||||||
| Neptune Insurance Holdings, Inc.(a) | 9,230 | 292,683 | ||||||
| Ollie’s Bargain Outlet Holdings, Inc.(a) | 12,925 | 949,600 | ||||||
| Pattern Group, Inc.(a) | 14,651 | 337,266 | ||||||
| Pennant Group, Inc. (The)(a) | 6,484 | 261,435 | ||||||
| Pjt Partners, Inc., Class A | 4,337 | 729,961 | ||||||
| Rubrik, Inc., Class A(a) | 5,983 | 432,930 | ||||||
| Tradeweb Markets Inc. Class A | 2,333 | 234,467 | ||||||
| UFP Technologies, Inc.(a) | 1,757 | 447,648 | ||||||
| XPEL, Inc.(a) | 11,205 | 497,166 | ||||||
| 20,246,605 | ||||||||
| Vietnam — 0.57% | ||||||||
| Asia Commercial Bank JSC | 266,426 | 221,887 | ||||||
| Vietnam Technological & Comm Joint-stock Bank | 213,832 | 235,414 | ||||||
| 457,301 | ||||||||
| Total Common Stocks (Cost $66,265,049) | 80,859,011 | |||||||
| Total Common Stocks/ Investments — 99.95% | ||||||||
| (Cost $66,265,049) | 80,859,011 | |||||||
| Other Assets in Excess of Liabilities — 0.05% | 36,932 | |||||||
| NET ASSETS — 100.00% | $ | 80,895,943 | ||||||
| (a) | Non-income producing security. |
| (b) | Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of July 31, 2026, these securities had a total aggregate market value of $2,951,237, representing 3.65% of net assets. |
| (c) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. As of July 31, 2026, these securities had a total aggregate market value of $1,469,026, representing 1.82% of net assets. |